Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 17

Week Ending April 26, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions April 20, 2003 to April 26, 2003

Board Operations

Records Systems and Privacy Act -- request for comment on proposed amendments to 

two systems of records, Recruiting and Placement Records and General Personnel 

Records, under the Privacy Act.

- Approved, April 21, 2003 

Enforcement

First Farmers Bank and Trust, Converse, Indiana -- issuance of a consent order of 

assessment of a civil money penalty.

- Announced, April 22, 2003 

Premier Bank, Denver, Colorado -- written agreement dated March 24, 2003, with the 

Federal Reserve Bank of Kansas City.

- Announced, April 21, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
April 20, 2003 to April 26, 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

Big Sky Western Bank, Gallatin Gateway, Montana -- to establish a branch at 106 East 

Babcock Street, Bozeman.

- Approved, April 22, 2003 

Minneapolis

RBC Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 1400 

Howell Branch Road, Winter Park, Florida.

- Approved, April 25, 2003 

Secretary

Bank Holding Companies

BSA Bankshares, Inc., Abilene, Texas, and BSA Delaware, Inc., Dover, Delaware -- to 

become bank holding companies through the acquisition of The Bevans State Bank of 

Menard, Menard.

- Approved, April 24, 2003 

Dallas

Central Financial Corporation, Hutchinson, Kansas -- to acquire shares of Mid-America 

Bancorp, Inc., Jewell, and thereby acquire Heartland Bank.

- Approved, April 24, 2003 

Kansas City

Community Bancshares of Mississippi, Inc., Brandon, Mississippi -- to acquire shares of 

First Lucedale Bancorp, Inc., Lucedale, and First National Bank of Lucedale.

- Approved, April 19, 2003 (AC)

Atlanta

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

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority April 20, 2003 to April 26, 2003

Bank Holding Companies

Financial Investors of the South, Inc., Birmingham, Alabama -- to acquire shares of 

Consumer National Bank, Jackson, Mississippi.

- Approved, April 25, 2003 

Atlanta

First American Bancshares, Inc., Iuka, Mississippi -- to become a bank holding company 

through the acquisition of First American National Bank.

- Approved, April 24, 2003 

St. Louis

Guaranty Corporation, Denver, Colorado -- to acquire shares of Bank Capital 

Corporation, Phoenix, Arizona; and for Bank Capital Corporation to become a bank 

holding company through the acquisition of The Biltmore Bank of Arizona, a de novo 

bank.

- Approved, April 23, 2003 

Kansas City

PSB Group, Inc., Madison Heights, Michigan -- to become a bank holding company 

through the acquisition of Peoples State Bank, Hamtramck.

- Approved, April 25, 2003 

Chicago

Standard Bancshares, Inc., Hickory Hills, Illinois -- to acquire Security Financial 

Bancorp, Inc., Saint John, Indiana, and Security Federal Bank & Trust.

- Approved, April 23, 2003 

Chicago

Steele Street State Bank Corporation, Denver, Colorado -- to become a bank holding 

company through the acquisition of Steele Street State Bank, a de novo bank.

- Withdrawn, April 24, 2003 

Kansas City

Wayne Bancorp, Inc., Wooster, Ohio -- to acquire Banc Services Corp., Orrville, and to 

acquire Access Financial Corp., Massillon, and thereby engage in finance company 

activities.

- Approved, April 24, 2003 

Cleveland

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority April 20, 2003 to April 26, 2003

Bank Holding Companies

Wolf River Bancorp, Inc., Hortonville, Wisconsin -- to become a bank holding company 

through the acquisition of Wolf River Community Savings Bank.

- Approved, April 23, 2003 

Chicago

Bank Mergers

Chippewa Valley Bank, Wadsworth, Ohio -- to acquire by merger The Savings Bank 

and Trust Company, Orrville, and thereby establish branches.

- Approved, April 24, 2003 

Cleveland

First State Bank Southwest, Pipestone, Minnesota -- to purchase the assets and assume 

the liabilities of the Edgerton and Leota branches of Bremer Bank, National Association, 

Marshall, and thereby establish a branch in Leota.

- Approved, April 24, 2003 

Minneapolis

Security Bank of Minnesota, Albert Lea, Minnesota -- to merge with First State Bank of 

Emmons, Emmons, and thereby establish a branch.

- Approved, April 23, 2003 

Minneapolis

Bank Premises

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

bank premises.

- Approved, April 22, 2003 

Kansas City

Banks, State Member

The Bank of New York, New York, New York -- to acquire equity securities solely for 

the purpose of hedging its exposure arising from customer-driven equity derivative 

transactions.

- Approved, April 25, 2003 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority April 20, 2003 to April 26, 2003

Change In Bank Control

Elkcorp, Inc., Clyde, Kansas -- change in bank control.

- Permitted, April 23, 2003 

Kansas City

First Hawley Bancshares, Inc., Hawley, Minnesota -- changes in bank control.

- Permitted, April 25, 2003 

Minneapolis

Competitive Factors Reports

Bridgeview Bank and Trust, Bridgeview, Illinois -- report on competitive factors of the 

proposed merger with Uptown National Bank of Chicago, Chicago.

- Submitted, April 23, 2003 

Chicago

Citizens Bank of Nevada County, Nevada City, California -- report on competitive 

factors of the proposed interim merger with Citizens Merger Sub.

- Submitted, April 23, 2003 

San Francisco

Enfield Federal Savings and Loan Association, Enfield, Connecticut -- report on 

competitive factors of the proposed merger with Windsor Locks Community Bank, FSL, 

Windsor Locks.

- Submitted, April 21, 2003 

Boston

Kerndt Brothers Savings Bank, Lansing, Iowa -- report on competitive factors of the 

proposed merger with Farmers Savings Bank, West Union.

- Submitted, April 23, 2003 

Chicago

National City Bank of Michigan/Illinois, Bannockburn, Illinois -- report on competitive 

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

the two River Rouge, Michigan, branches of Shorebank, Chicago, Illinois.

- Submitted, April 23, 2003 

Chicago

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority April 20, 2003 to April 26, 2003

Competitive Factors Reports

Prosperity Bank, El Campo, Texas -- report on competitive factors of the proposed 

merger with BankDallas, SSB, Dallas.

- Submitted, April 23, 2003 

Dallas

Standard Bank and Trust Company, Hickory Hills, Illinois -- report on competitive 

factors of the proposed merger with Security Federal Bank & Trust, Saint John, Indiana.

- Submitted, April 23, 2003 

Chicago

Wolf River Community Savings Bank, Hortonville, Wisconsin -- report on competitive 

factors of the proposed merger with WR Interim Bank.

- Submitted, April 23, 2003 

Chicago

Extensions Of Time

Arvest State Bank, Tulsa, Oklahoma -- extension to June 15, 2003, to establish a branch 

at 3233 South Yale Avenue.

- Granted, April 22, 2003 

Kansas City

Beltline Bancshares, Inc., Dallas, Texas, and Security Bank Holding Company, 

Wilmington, Delaware -- extension to July 22, 2003, to become bank holding companies 

through the acquisition of Security Bank, National Association, Garland, Texas.

- Granted, April 21, 2003 

Dallas

Woodforest Financial Group, Inc., The Woodlands, Texas, and Sun Belt Bancshares 

Corporation, Wilmington, Delaware -- extension to July 23, 2003, to acquire shares of 

Main Street National Bank, Cleveland, Texas.

- Granted, April 23, 2003 

Dallas

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority April 20, 2003 to April 26, 2003

Financial Holding Companies

Community First Financial Corporation, Lynchburg, Virginia -- election to become a 

financial holding company.

- Effective, April 24, 2003 

Richmond

Shamrock Bancshares, Inc., Coalgate, Oklahoma -- election to become a financial 

holding company.

- Effective, April 23, 2003 

Kansas City

Membership

Patriot Bank, Millington, Tennessee -- membership in the Federal Reserve System.

- Approved, April 24, 2003 

St. Louis

Peoples Bank, National Association, Coldwater, Kansas -- membership in the Federal 

Reserve System.

- Approved, April 24, 2003 

Kansas City

Planters Bank and Trust Company of Virginia, Staunton, Virginia -- membership in the 

Federal Reserve System.

- Approved, April 25, 2003 

Richmond

(AC) = Addition or Correction Delegated - Page 6 of 6
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, April 26, 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) PeoplesBancorp, MHC, Holyoke, Massachusetts - to become a 

mutual bank holding company through the acquisition of 100%

of the voting shares of PeoplesBank, successor to Peoples 

Savings Bank, both of Holyoke, Massachusetts

Newspaper - 05/22/2003

Fed Reg – 05/22/2003

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 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, April 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18c JPMorgan Chase Bank, New York, New York, to assume certain 

trust funds of Citizens Bank of Connecticut, New London, 

Connecticut, Citizens Bank of Massachusetts, Boston, 

Massachusetts, Citizens Bank New Hampshire, Manchester, 

New Hampshire, Citizens Bank of Pennsylvania, Philadelphia, 

Pennsylvania and Citizens Bank of Rhode Island, Providence, 

Rhode Island.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

3a1 The Adirondack Trust company Employee Stock Ownership 

Trust, Saratoga Springs, New York, to become a bank holding 

company with respect to 473 Broadway Holding Corporation 

and The Adirondack Trust Company, both of Saratoga Springs, 

New York.

Newspaper – 05/28/2003

Fed Reg. – 05/22/2003

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, April 26, 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

3(a)(1) Canton Bancorp, Inc., Canton, PA, to form a bank holding 

company by acquiring The First National Bank of Canton
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, April 26, 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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, April 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Sandy Spring Bank, Olney, Maryland, to establish a branch at 

1100 West Patrick Street, Unit A, Frederick, Maryland.*

Newspaper – 05/03/2003

Branch New Peoples Bank, Inc., Honaker, Virginia, to establish a 

branch at 2600 North John B. Dennis Highway, Kingsport,

Tennessee.*

Newspaper – 05/05/2003

Branch Rockingham Heritage Bank, Harrisonburg, Virginia, to establish 

a branch at 309 North Main Street, Bridgewater, Virginia.*

Newspaper – 05/05/2003

Branch Highlands Union Bank, Abingdon, Virginia, to establish a

branch at 100 West Main Street, Banner Elk, North Carolina.*

Newspaper – 05/27/2003

*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

4(c)(8) Mercantile Bankshares Corporation, Baltimore, Maryland, to 

acquire Townsend Building and Loan Association, Townsend, 

Delaware.

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

368429 NBRS Financial

6 Pearl Street

Rising Sun, Maryland 21911

02/03/2003 04/20/2003 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, April 26, 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 2200 Aloma Avenue, Winter Park, Florida, to be 

known as the East Winter Branch.*

Newspaper-05/09/2003

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

located at 3836 Murrell Road, Rockledge, Florida, to be known 

as the Murrell & Barnes Branch.*

Newspaper-05/09/2003

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

located at 5555 Whittlesey Boulevard, Columbus, Georgia.*

Newspaper-04/29/2003

*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

CIC Bonifay Holding Company, Inc., Bonifay, Florida, after-the-fact 

notification filed by Guy F. Medley, Dothan, Alabama, and

Michael A. Medley, Bonifay, Florida, to retain 26.75 percent of 

outstanding shares of Bonifay Holding Company, Inc., and its 

subsidiary, The Bank of Bonifay, both of Bonifay, Florida.

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

3(a)(1) Royal Palm Bancorp, Inc., Naples, Florida, notice to become a 

bank holding company by acquiring The Royal Bank of Florida, 

Naples, 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

1156388 First Community Bank

21 S. Charles Richard Beall Blvd.

Debary, Florida 32713

(386) 668-6729

01/13/2003 04/24/2003 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, April 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) & Branches Comerica Bank, Detroit, Michigan, to merge with Comerica 

Bank-Texas, Dallas, Texas and Comerica Bank-California, San 

Jose, California., and thereby to establish 158 branches.*

Newspaper – N/Avail

18(c) & Branches First Midwest Bank, Itasca, Illinois, to purchase the branch 

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.*

Newspaper – N/Avail

* 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 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) MainSource Financial Group, Greensburg, Indiana, to acquire 

100 percent of the voting shares of First Community 

Bancshares, Inc., Bargersville, Indiana, and thereby indirectly 

acquire First Community Bank & Trust, Bargersville, Indiana.*

Fed Reg – 05/09/2003

Newspaper – 05/09/2003

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

3(a)(3) Peotone Bancorp, Inc., Peotone, Illinois, and its subsidiary, 

Founders Group, Worth, Ilinois, to acquire 24.99 percent of the 

outstanding common stock of Bank of the San Juans 

Bancorporation, Durango, Colorado, and thereby indirectly 

acquire Bank of the San Juans, Durango, Colorado.*

Fed Reg – 05/16/2003

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

Type Application

Ending date of

comment period

CIC Notice by Myron Lee (Sam) Scott to acquire an additional 867 

shares, or 11.55 percent and thereby increase control to 21.14 

percent of Scott Bancshares, Inc., Bethany, Illinois, and thereby 

indirectly control Scott State Bank, Bethany, Illinois; Maroa 

Forsythe Community Bank, Maroa, Illinois; and State Bank of 

Niantic, Niantic, Illinois.

Fed Reg – 05/01/2003

Newspaper – 04/27/2003

* 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

222147 Citizens Bank

328 S. Saginaw Street

Flint, Michigan 48502

(810) 768-4715

07/01/2002 04/22/2003 O X

542649 Chemical Bank & Trust Co.

333 East Main Street

Midland, Michigan 48640

(989) 839-5207

06/24/2002 04/22/2003 S X

157744 Linden State Bank

100 N. Meridian

Linden, Indiana 47955

(765) 339-4646

01/06/2003 04/25/2003 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, April 26, 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

3A3 Carlinville National Bank Shares, Inc., Carlinville, Illinois, to 

acquire 100 percent of Cornerstone Bank & Trust, National 

Association, Carrollton, Illinois.* 

Newspaper – 05/24/2003

Fed Reg – 05/27/2003

* 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, April 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Community Bank Chaska, Chaska, Minnesota, to establish a 

branch facility at 432 Pond Promenade, Chanhassen, 

Minnesota.*

Newspaper – 05/02/2003

*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

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.

Fed Reg- 05/13/2003

Newspaper- N/Avail

3A1 Centra Ventures, Inc., St. Cloud, Minnesota, proposes to acquire 

100% of the voting shares of Falcon National Bank, Foley, 

Minnesota.*

Fed Reg- 05/16/2003

Newspaper- N/Avail

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, April 26, 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) Gemini Bancshares, Inc., Monument, Colorado, to become a 

bank holding company through the acquisition of 100 percent of 

the voting shares of Integrity Bank and Trust, Monument, 

Colorado.

Newspaper - 05/03/2003

Fed Reg - 05/22/2003

3(a)(1) Equity Bancshares, Inc., Wichita, Kansas, to become a bank 

holding company through the acquisition of 100 percent of the 

voting shares of National Bank of Andover, Andover, Kansas.

Newspaper - 05/23/2003

Fed Reg - 05/23/2003

CIC Notice by Jeffrey L. Gerhart, Newman Grove, Nebraska, to 

acquire control of First Newman Grove Bankshares Corporation, 

Newman Grove, Nebraska, parent of The First National Bank of 

Newman Grove, Newman Grove, Nebraska.

Newspaper - 05/06/2003 

Fed Reg - 05/05/2003

CIC Notice by Edward Carlson Rolfs, as co-trustee of CKI 

Management Trust, general partner of Central of Kansas, LP, 

Junction City, Kansas, to acquire control of Central of Kansas, 

Inc., Junction City, Kansas, parent of Central National Bank, 

Junction City, Kansas.

Newspaper - N/Avail 

Fed Reg - 05/13/2003

CIC Notice by William Frederick Budde and Frank Frederick Budde, 

to acquire control of J&M Bancshares, Inc., parent of Walton 

State Bank, both in Walton, Kansas.

Newspaper - 05/14/2003 

Fed Reg - 05/13/2003
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

163857 Farmers & Merchants Bank

116 S. Grand

Crescent, Oklahoma 73028

01/27/2003 04/24/2003 S X
Section VI – CRA examinations scheduled for 3

rd Quarter of 2003

Institution Location

Bank of Broadmoor Castle Rock, Colorado

Colorado Bank and Trust Company of La Junta La Junta, Colorado

 Bank of Holyrood Holyrood, Kansas

 Peoples Bank Lawrence, Kansas

St. Marys State Bank St. Marys, Kansas

 Platte Valley State Bank & Trust Company Kearney, Nebraska

 Pinnacle Bank Pleasanton, Nebraska

 Bank of Western Oklahoma Elk City, Oklahoma

 Territory Bank Muskogee, Oklahoma

 Bank of Nichols Hills Oklahoma City, Oklahoma

 Pioneer Bank and Trust Company Ponca City, Oklahoma

 First American Bank and Trust Company Purcell, Oklahoma

 Canadian State Bank Yukon, Oklahoma

 First State Bank Wheatland, Wyoming

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 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, April 26, 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) AIM Bancshares, Inc., Levelland, TX, to acquire The First 

National Bank of Littlefield, Littlefield, TX* (previously 

reported the week ending April 19, 2003)

Fed Reg – 05/19/2003

Newspaper – 05/09/2003

3(a)(3) Jere J. Ruff Family Limited Partnership II, Longview, TX, to 

acquire The First State Bank, Hallsville, TX* (Correction: The 

newspaper comment period ending date has been corrected to 

reflect 05/12/2003) 

Fed Reg – 05/09/2003

Newspaper – 05/12/2003

3(a)(3) Ruff Management, L.L.C., Longview, TX, and Ruff Partners, 

Ltd., Longview, TX, to acquire The First State Bank, Hallsville, 

TX* (Correction: The newspaper comment period ending date 

has been corrected to reflect 05/12/2003)

Fed Reg – 05/09/2003

Newspaper – 05/12/2003

* 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

426057 Riverbend Bank

2000 Handley Ederville Road

Fort Worth, Texas 76118

01/13/2003 04/26/2003 2 X

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, April 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18C Branch Central California Bank, Sonora, California, to merge with 

Central Sierra Bank, San Andreas, California, and to acquire 

seven branches located in Amador, Calaveras, San Joaquin and 

Tuolomne counties, California.*

Newspaper – N/Avail

* 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) Western Alliance Bancorporation, Las Vegas, Nevada, to 

acquire 100 percent of Torrey Pines Bank, San Diego, California 

(in organization).*

Newspaper – 05/05/2003

Fed Reg – 05/05/2003

* 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

COM Sumitomo Mitsui Banking Corporation, Tokyo, Japan, requests 

permanent relief of the commitments made in connection with 

its acquisition of SMBC Capital Markets, Inc., New York, New 

York, which was approved June 26, 1989.
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