Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 29

Week Ending July 18, 1998

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions July 12, 1998 to July 18, 1998

Testimony And Statements

Draft regulatory relief bill -- statement by Governor Meyer before the Subcommittee 

on Financial Institutions and Consumer Credit of the House Committee on Banking 

and Financial Services, July 16, 1998.

- Published, July 16, 1998 

Monetary policy objectives -- statement by Chairman Greenspan before the Senate 

Committee on Banking, Housing, and Urban Affairs, July 21, and the Subcommittee 

on Domestic and International Monetary Policy of the House Committee on Banking 

and Financial Services, July 22, 1998.

- Authorized, July 17, 1998 

Monetary policy report -- Monetary policy report to the Congress.

- Approved, July 13, 1998 

Policy issues concerning proposed reforms to the Truth in Lending Act and the Real 

Estate Settlement Procedures Act -- statement by Governor Gramlich before the 

Subcommittee on Financial Institutions and Regulatory Relief and the Subcommittee 

on Housing Opportunity and Community Development of the Senate Committee on 

Banking, Housing, and Urban Affairs, July 17, 1998.

- Published, July 17, 1998 

Bank Holding Companies

Commerce Bancorp, Inc., Cherry Hill, New Jersey -- to engage through Commerce 

Capital Markets, Inc., Philadelphia, Pennsylvania, in underwriting and dealing in, to a 

limited extent, all types of debt and equity securities, other than ownership interests 

in open-end investment companies..

- Approved, July 13, 1998 

Zions Bancorporation, Salt Lake City, Utah -- request for review of the San 

Francisco Reserve Bank's waiver of the application requirement in connection with 

the acquisition of The Sumitomo Bank of California, San Francisco, California.

- Denied, July 15, 1998 

Regulations And Policies

Truth in Lending Act and Real Estate Settlement Procedures Act -- joint report with 

the Department of Housing and Urban Development concerning improvements to 

the home mortgage financing process.

- Approved, July 14, 1998 

(AC) = Addition or Correction Board - Page 1 of 1
July 12, 1998 to July 18, 1998

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 4460 

Corporation Lane, Suites A and B, Virginia Beach, Virginia.

- Approved, July 16, 1998 

Secretary

European American Bank, Uniondale, New York -- to establish an in-store branch in 

Edward's Supermarket, 3577 Long Beach Road, Oceanside, New York.

- Approved, July 17, 1998 

New York

First Virginia Bank of Tidewater, Norfolk, Virginia -- to establish a branch in 

Greenbrier Mall at 1401 Greenbrier Parkway, Chesapeake, Virginia.

- Approved, July 17, 1998 

Richmond

Provident Bank of Florida, Sarasota, Florida -- to establish a branch at Parcel C of 

Palmer Crossing Shopping Center, at the southeast corner of Clark Road and 

Honore Avenue.

- Approved, July 17, 1998 

Atlanta

Ravalli County Bank, Stevensville, Montana -- to establish a branch in Stevensville.

- Approved, July 17, 1998 

Minneapolis

Santa Barbara Bank & Trust, Santa Barbara, California -- to establish a branch at 

1500 South Broadway, Santa Maria, California.

- Approved, July 17, 1998 

San Francisco

Summit Bank, Bethlehem, Pennsylvania -- to establish a branch at Pathmark 

Supermarket, 1000 East Road, Wyncote, Pennsylvania.

- Approved, July 16, 1998 

Philadelphia

(AC) = Addition or Correction Delegated - Page 1 of 10
H.2 Actions under delegated authority July 12, 1998 to July 18, 1998

Bank Holding Companies

1855 Bancorp, New Bedford, Massachusetts -- to acquire Sandwich Bancorp, Inc., 

Sandwich, Massachusetts.

- Approved, July 15, 1998 

Boston

A.N.B. Holding Company, Ltd., Terrell, Texas; The ANB Corporation; and The 

ANB Delaware Corporation, Wilmington, Delaware -- to acquire The Bank of Van 

Zandt, Canton, Texas.

- Approved, July 16, 1998 

Dallas

Affiliates Employee Stock Ownership Plan, Poplar Bluff, Missouri -- to acquire 

shares of Midwest Bancorporation, Inc.

- Approved, July 15, 1998 

St. Louis

Alliance Bancshares, Inc., Orlando, Florida -- to acquire Alliance Bank.

- Approved, July 17, 1998 

Atlanta

AmCorp Financial, Inc., Ardmore, Oklahoma -- to acquire First State Bank, Morton, 

Texas.

- Approved, July 14, 1998 

Kansas City

BB&T Corporation, Winston-Salem, North Carolina -- to acquire Maryland Federal 

Bancorp, Inc., Hyattsville, Maryland.

- Approved, July 14, 1998 

Richmond

Blackhawk Bancorp, Inc., Beloit, Wisconsin -- to acquire First Financial Bancorp, 

Inc., Belvidere, Illinois, and First Federal Savings Bank.

- Approved, July 16, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 2 of 10
H.2 Actions under delegated authority July 12, 1998 to July 18, 1998

Bank Holding Companies

Bodcaw Bancshares, Inc., Stamps, Arkansas -- notice to acquire Bodcaw Bank.

- Withdrawn, July 14, 1998 

St. Louis

Carlinville National Bank Shares, Inc., Carlinville, Illinois -- to acquire Shipman 

Bancorp, Inc., Shipman, Illinois, and Citizens State Bank of Shipman.

- Approved, July 15, 1998 

St. Louis

Delmarva Bancshares, Inc., Cambridge, Maryland -- to acquire The National Bank of 

Cambridge.

- Approved, July 16, 1998 

Richmond

Eggemeyer Advisory Corp, Rancho Santa Fe, California; Castle Creek Capital, 

L.L.C.; and Castle Creek Capital Partners Fund-I, L.P. -- to acquire shares of State 

National Bancshares, Lubbock, Texas; State National Bank of West Texas; and 

Sierra Bank, Truth or Consequences, New Mexico.

- Approved, July 15, 1998 

San Francisco

First American Corporation, Nashville, Tennessee -- registration as transfer agent.

- Withdrawn, July 17, 1998 

Director, BS&R

First Region Bancshares, Inc., Richlands, Virginia -- to acquire First Sentinel Bank.

- Approved, July 15, 1998 

Richmond

Fort Madison Financial Company, Fort Madison, Iowa -- to acquire shares of Bank 

of Dallas City, Dallas City, Illinois.

- Approved, July 16, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 3 of 10
H.2 Actions under delegated authority July 12, 1998 to July 18, 1998

Bank Holding Companies

Gold Banc Corporation, Inc., Leawood, Kansas, and Gold Banc Acquisition 

Corporation VI, Inc. -- to acquire Northwest Bancshares, Colby, Kansas, and 

Peoples State Bank.

- Approved, July 15, 1998 

Kansas City

Gold Banc Corporation, Inc., Leawood, Kansas, and Gold Banc Acquisition 

Corporation VII, Inc. -- to acquire First State Bancorp., Inc., Pittsburg, Kansas, and 

First State Bank & Trust Company.

- Approved, July 16, 1998 

Kansas City

Habersham Bancorp, Cornelia, Georgia -- to acquire shares of Empire Bank Corp., 

Homerville, Georgia, and Empire Banking Co.

- Approved, July 16, 1998 

Atlanta

Hancock Holding Company, Gulfport, Mississippi -- to merge with American 

Security Bancshares, Inc., Ville Platte, Louisiana, and acquire American Security 

Bank.

- Approved, July 15, 1998 

Atlanta

JeffBanks, Inc., Haverford, Pennsylvania -- to acquire shares of Pinnacle Capital 

Group, Philadelphia, Pennsylvania.

- Approved, July 13, 1998 

Philadelphia

Le Mars Acquisition Corp., Le Mars, Iowa -- to acquire Le Mars Bancorporation, 

Inc., and Le Mars Bank and Trust Company.

- Approved, July 9, 1998 (AC)

Chicago

Marquette Bancshares, Inc., Minneapolis, Minnesota -- to acquire Dakota Company, 

Inc.

- Approved, July 15, 1998 

Minneapolis

(AC) = Addition or Correction Delegated - Page 4 of 10
H.2 Actions under delegated authority July 12, 1998 to July 18, 1998

Bank Holding Companies

National City Bancshares, Inc., Evansville, Indiana -- request for waiver of 

notification to acquire, through merger, 1st Bancorp Vienna, Inc., Vienna, Illinois, 

and The First State Bank of Vienna.

- Granted, July 17, 1998 

St. Louis

Norwest Corporation, Minneapolis, Minnesota -- to acquire First Bancshares of 

Valley City, Inc., Valley City, North Dakota; First National Bank of Valley City; 

First State Bank of Casselton, Casselton, North Dakota; Litchville State Bank, 

Litchville, North Dakota; and Peoples Insurance Agency, Inc., Valley City, North 

Dakota, and engage in general insurance agency activities under exemption G of the 

Bank Holding Company Act.

- Approved, July 16, 1998 

Secretary

RSI Bancorp, MHC, Rahway, New Jersey, and RSI Bancorp, Inc. -- to acquire The 

Rahway Savings Institution, Rahway, New Jersey.

- Approved, July 13, 1998 

New York

Sherwood Bank Corporation, Sherwood, Ohio -- to acquire Sherwood State Bank.

- Approved, July 15, 1998 

Cleveland

Texas Regional Bancshares, Inc., McAllen, Texas -- registration as transfer agent.

- Withdrawn, July 17, 1998 

Director, BS&R

UCBH Holdings, Inc., San Francisco, California -- to retain United Commercial 

Bank, after its conversion to a state chartered commercial bank.

- Approved, July 14, 1998 

San Francisco

Winter Trust of 12/3/74, Monument, Colorado -- to merge with Peoples Trust of 

1987, Ottawa, Kansas; and a related application by El Paso Bancshares, Inc., 

Monument, Colorado, to merge with Peoples, Inc., Ottawa, Kansas.

- Approved, July 17, 1998 

Kansas City

(AC) = Addition or Correction Delegated - Page 5 of 10
H.2 Actions under delegated authority July 12, 1998 to July 18, 1998

Bank Mergers

Sentinel Interim Bank, Richlands, Virginia -- to merge with First Sentinel Bank.

- Approved, July 15, 1998 

Richmond

Banks, State Member

Bank of Marion, Marion, Virginia -- to acquire certain assets and assume certain 

liabilities of three branches of First-Citizens Bank & Trust Company, Raleigh, North 

Carolina, located in Gate City, Honaker, and Weber City, Virginia.

- Approved, July 14, 1998 

Richmond

Citizens Bank, Flint, Michigan -- to acquire the Charlevoix, Michigan, branch of First 

of America Bank, N.A., Kalamazoo, and establish a branch at 838 Petoskey Street, 

Charlevoix.

- Approved, July 16, 1998 

Chicago

Orange County Trust Company, Middletown, New York -- transfer agent 

registration.

- Approved, July 17, 1998 

Director, BS&R

Change In Bank Control

Central Bancompany, Inc., Jefferson City, Missouri -- change in bank control.

- Permitted, July 15, 1998 

St. Louis

First Western Bank, Cooper City, Florida -- change in bank control.

- Returned, July 14, 1998 

Atlanta

Grant County State Bancshares, Inc., Swayzee, Indiana -- change in bank control.

- Permitted, July 14, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 6 of 10
H.2 Actions under delegated authority July 12, 1998 to July 18, 1998

Change In Bank Control

Republic Bancorp, Inc., Louisville, Kentucky -- change in bank control.

- Permitted, July 17, 1998 

St. Louis

Competitive Factors Reports

Alliance Bank, Orlando, Florida -- report on competitive factors of the proposed 

merger with Alliance Successor Bank.

- Submitted, July 15, 1998 

Atlanta

Central Bank & Trust Company, Lexington, Kentucky -- report on competitive 

factors of the proposed merger with Pioneer Federal Savings Bank, Winchester, 

Kentucky.

- Submitted, July 16, 1998 

Cleveland

Farmers & Merchants Bank - Eastern Shore, Onley, Virginia -- report on competitive 

factors of the proposed merger with The Eastville Bank, Eastville, Virginia.

- Submitted, July 16, 1998 

Richmond

Farmers Bank of Liberty, Liberty, Illinois -- report on competitive factors of the 

proposed purchase of the assets and assumption of the liabilities of the Payson, 

Illinois, branch of The Town and Country Bank of Quincy, Quincy, Illinois.

- Submitted, July 16, 1998 

St. Louis

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

competitive factors of the proposed merger with First-Citizens Bank & Trust 

Company, White Sulphur Springs, West Virginia.

- Submitted, July 13, 1998 

Richmond

National Bank of Commerce, Memphis, Tennessee -- report on competitive factors 

of the proposed merger with Citizens Bank, Collierville, Tennessee.

- Submitted, July 14, 1998 

St. Louis

(AC) = Addition or Correction Delegated - Page 7 of 10
H.2 Actions under delegated authority July 12, 1998 to July 18, 1998

Competitive Factors Reports

New England Bank & Trust Company, Windsor, Connecticut -- report on 

competitive factors of the proposed merger with Bank of South Windsor, South 

Windsor, Connecticut.

- Submitted, July 16, 1998 

Boston

Norwest Bank Minnesota, N.A., Minneapolis, Minnesota -- report on competitive 

factors of the proposed merger with Norwest National Bank, Westminster, Colorado.

- Submitted, July 17, 1998 

Secretary

Rahway Interim Savings Bank, Rahway, New Jersey -- report on competitive factors 

of the proposed merger with and into The Rahway Savings Institution.

- Submitted, July 13, 1998 

New York

Regions Bank, Birmingham, Alabama -- report on competitive factors of the 

proposed merger with Citizens First Bank, El Dorado, Arkansas, and First 

Commercial Bank, N.A., Memphis, Tennessee.

- Submitted, July 15, 1998 

Atlanta

Regions Bank, Birmingham, Alabama -- report on competitive factors of the 

proposed merger with State First National Bank, Texarkana, Arkansas, and State 

First National Bank, Texarkana, Texas.

- Submitted, July 15, 1998 

Atlanta

Regions Bank, Birmingham, Alabama -- report on competitive factors of the 

proposed merger with Longview National Bank, Longview, Texas, and The Security 

Bank, Harrison, Arkansas.

- Submitted, July 15, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 8 of 10
H.2 Actions under delegated authority July 12, 1998 to July 18, 1998

Competitive Factors Reports

TIB Bank of the Keys, Key Largo, Florida -- report on competitive factors of the 

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

Homestead, Florida, branch of Coconut Grove Bank, Miami, Florida, and 

establishment of one branch.

- Submitted, July 15, 1998 

Atlanta

Union Planters Bank, N.A., Memphis, Tennessee -- report on competitive factors of 

the proposed merger with TransFlorida Bank, Boca Raton, Florida.

- Submitted, July 16, 1998 

St. Louis

Extensions Of Time

BankAmerica Corporation, San Francisco, California -- extension to divest certain 

property.

- Granted, July 14, 1998 

San Francisco

Belvedere Capital Partners, Inc., San Francisco, California; California Community 

Financial Institutions Fund Limited Partnership; and Belvedere Bancorp -- extension 

to November 1, 1998, to acquire shares National Business Bank, Torrance, 

California.

- Granted, July 14, 1998 

San Francisco

Peoples BancTrust Company, Inc., Selma, Alabama -- extension to October 15, 

1998, to merge with Elmore County Bancshares, Inc., Tallassee, Alabama, and 

acquire Bank of Tallassee.

- Granted, July 15, 1998 

Atlanta

International Operations

Boston Overseas Finance Corporation, Boston, Massachusetts -- waiver of the 

remainder of the 45-day notification period to acquire OCA Casa Financiera S.A., 

Montevideo, Uruguay; OCA S.A.; Circulos OCA S.A.; and ACO A.R.L.

- Granted, July 15, 1998 

Director, BS&R

(AC) = Addition or Correction Delegated - Page 9 of 10
H.2 Actions under delegated authority July 12, 1998 to July 18, 1998

Membership

Delafield State Bank, Delafield, Wisconsin -- to become a member of the Federal 

Reserve System.

- Approved, July 16, 1998 

Chicago

Metro Commerce Bank, San Rafael, California -- to become a member of the Federal 

Reserve System.

- Approved, July 14, 1998 

San Francisco

Sentinel Interim Bank, Richlands, Virginia -- to become a member of the Federal 

Reserve System.

- Approved, July 15, 1998 

Richmond

Reserve Bank Operations

Federal Reserve Bank of New York -- to act as fiscal agent in connection with 

proposed issue of bonds by the Asian Development Bank.

- Approved, July 15, 1998 

General Counsel

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) BankBoston Corporation, Boston, Massachusetts – notification to

acquire the assets of the Robertson Stephens Division of

BancAmerica Robertson Stephens and to conduct expanded

dealing and underwriting activities overseas

Fed Reg – 07/17/98

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) U.S.B. Holding Co., Inc., Orangeburg, New York, to acquire

Tappen Zee Financial, Inc., Tarrytown, New York, and thereby

engage in operating a savings association, pursuant to Section

225.28(b)(4)(ii) of Regulation Y.

7/29/98

4(c)(8) Barclays PLC and Barclays Bank PLC, both of London, England,

to acquire through its subsidiary, Barclays Capital, Inc., New

York, New York, a substantial portion of the securities lending and

prime brokerage business of Daiwa Securities America Inc., New

York, New York, and thereby engage in lending and securities

activities, pursuant to Sections 225.28(b)(2)(i) and (b)(7) of

Regulation Y.

8/4/98
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four 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, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3a3 Susquehanna Bancshares, Lititz, PA, to acquire Cardinal Bancorp,

Everette, PA, and its wholly owned subsidiary, First American

National Bank of Pennsylvania, Everette, PA.

Fed Reg- 8/14/98

Newspaper- 8/12/98

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.

The federal bank regulators use the following four 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, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c)

Branch

Received application from Fifth Third Bank of Southern Ohio,

Hillsboro, OH on July 16, 1998, to acquire four offices of Bank

One, N.A., Columbus, OH located in Lucasville, Portsmouth, and

Wheelersburg, OH and incident thereto establish branch facilities.

*Not Yet Known

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

Type Application

Ending date of

comment period

CIC Received Change in Bank Control notice from the Max Smith

Family on July 14, 1998, of their intent to retain their ownership

position in Diamond Bancshares, Inc., Antwerp, OH.

*Federal Register

August 4, 1998

CIC Received Change in Bank Control notice from Edward L. Clemons

on July 15, 1998, of his intent to acquire up to 88.80% of the

outstanding voting shares of Marie R. Turner Holding Company,

Jackson, Kentucky.

*Federal Register

August 5, 1998

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four 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, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

4(c)(8) Carolina First Corporation, Greenville, South Carolina, to acquire

Poinsett Financial Corporation, Travelers Rest,

South Carolina.*

Fed Reg – 7-30-1998

Newspaper – 8-9-1998

3(a)(3) Carolina First BancShares, Inc., Lincolnton, North Carolina,

to acquire Community Bank & Trust Company, Marion, North

Carolina.*

Fed Reg – 8-14-1998

Newspaper – N/Avail

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Colonial Bank, One Commerce Street, Montgomery, Alabama, to

merge with FirstBank, Dallas, Texas. 

08/14/1998*

Branch Aliant Bank, Alexander City, Alabama, to establish a branch

located at 391 North Broadnax Street, Dadeville, Alabama.

08/03/1998*

Branch Central State Bank, Calera, Alabama, to establish a branch located

at 57 Shelby County Road 87, Calera, Alabama.

08/08/1998*

*Subject to provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

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

COM Quantum Capital Corporation, Suwanee, Georgia, commitment

waiver request.

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.

The federal bank regulators use the following four 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

876634 Capital City Bank Post

Office Box 900 Tallahasse,

Florida 32302 (904)671-0300

07/15/1998 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, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) &

 Branch

Citizens Bank

Flint, Michigan

 Charlevoix, Michigan office of

 First of America Bank, N.A.

 Kalamazoo, Michigan

 838 Petoskey Street

 Charlevoix, Michigan

Newspaper – 7/9/1998

Branch Johnson Bank

Racine, Wisconsin

 S.C. Johnson Commercial Markets Building

 8310 16th Street

 Sturtevant, Wisconsin

Newspaper – 8/8/1998

Branch Mercantile Bank of Western Iowa

Des Moines, Iowa

 Temporary branch of the Clay County Fair

 Spencer, Iowa

Newspaper – 8/1/1998

Newspaper - Newspaper Comment Period Ending Date

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

Type Application

Ending date of

comment period

3(a)(5) Banc One Corporation (DE)*

Columbus, Ohio

 First Chicago NBD Corporation

 Chicago, Illinois

Fed Reg – 7/14/1998

Newspaper – 7/3/1998

3(a)(3) Banc One Corporation*

Columbus, Ohio

 First Chicago NBD Corporation

 Chicago, Illinois

Fed Reg – 7/14/1998

Newspaper – 7/3/1998
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) First Chicago NBD Corporation*

Chicago, Illinois

 Banc One Corporation

 Columbus, Ohio

Fed Reg – 7/14/1998

Newspaper – 7/3/1998

3(a)(3) Connor Trusts (The)*

Marshfield, Wisconsin

 Pioneer Bancorp, Inc.

 Auburndale, Wisconsin

 Pioneer Bank

 Auburndale, Wisconsin

Fed Reg – 7/17/1998

Newspaper – 7/16/1998

CIC First Bancshares, Inc.

Highland, Wisconsin

 By Patricia Lee Joseph

Fed Reg – 7/29/1998

Newspaper – 7/28/1998

4(c)(8) State Financial Services Corporation

Hales Corners, Wisconsin

 Home Bancorp of Elgin, Inc.

 Elgin, Illinois

 Home Federal Savings and Loan Association of Elgin

 Elgin, Illinois

Fed Reg – 8/4/1998

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

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

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Banc One Corporation (DE)

Columbus, Ohio

 First Chicago NBD Corporation

 Chicago, Illinois

Fed Reg – 7/14/1998

Fed Reg - Federal Register Comment Period Ending Date
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.

The federal bank regulators use the following four 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 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3) * Notice by Arvest Bank Group, Inc., Bentonville, Arkansas, to

acquire Ameribank Corporation, Shawnee, Oklahoma (previously

reported during the week ending July 11, 1998).

Fed Reg: 8/7/1998

3(a)(3) * Notice by Arvest Bank Group, Inc., Bentonville, Arkansas, to

acquire United Oklahoma Bancshares, Inc., Del City, Oklahoma

(previously reported during the week ending July 11, 1998).

Fed Reg: 8/7/1998

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four 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, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) & Branch First Community Bank, Glasgow, Montana, for prior approval to

merge with Cheyenne Western Bank, Ashland, Montana, and

incident thereto establish a branch.*

8/11/1998

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(1) United Financial Corp., Great Falls, Montana, for prior approval to

become a bank holding company through the acquisition of 100%

of the voting shares of Chouteau County Bancshares, Inc., Fort

Benton, Montana.*

8/14/1998

(Fed Reg)

* 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) Norwest Corporation, Minneapolis, Minnesota, to engage de novo

through a joint venture subsidiary, DRH Mortgage, LLC, Corona,

California, in residential mortgage lending activities, pursuant to

225.28(b)(1) of Regulation Y.

8/5/1998

4(c)(8) United Financial Corp., Great Falls, Montana, to engage in general

insurance agency activities in a place with a population not

exceeding 5,000 through the acquisition of Chouteau County

Bancshares, Inc., Fort Benton, Montana, which owns Fort Benton

Insurance Agency, Fort Benton, Montana. United Financial Corp.

is also applying for authority to retain Heritage Bank, FSB, Great

Falls, Montana, and thereby continue to engage in the activity of

owning, controlling, or operating a savings association.

8/14/1998
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four 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, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) New Millennium Bankshares, Inc., Topeka, Kansas, for prior

approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of Alliance Bank,

Topeka, Kansas, a de novo bank in organization.

Newspaper – 08/10/1998

Fed Reg – 08/14/1998

CIC Swarts Family Investment Company, L.L.C., Oklahoma City,

Oklahoma, for prior approval to acquire voting shares of Guaranty

Bancshares, Inc., Oklahoma City, Oklahoma, and thereby

indirectly acquire Guaranty Bank & Trust Company, Oklahoma

City, Oklahoma.

Newspaper – N/Avail

Fed Reg – 08/06/1998

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

Member F&M Bank & Trust Company, Tulsa, Oklahoma, for membership

in the Federal Reserve System.

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four 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

309758 Farmers State Bank

123 E. Kiowa Avenue

Fort Morgan, Colorado 80701-2102

04/27/1998 07/16/1998 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3) First Baird Bancshares, Inc., Baird, TX,

First Baird Bancshares of Delaware, Inc., Dover, DE, Weatherford

Bancshares, Inc., Baird, TX, and

First Weatherford Bancshares, Inc., Carson City, NV, to acquire

Western American National Bank, Bedford, TX *

Fed Reg – 07/30/1998

Newspaper – N/Avail

3(a)(3) Prosperity Bancshares, Inc., El Campo, TX, to acquire

Union State Bank, East Bernard, TX*

(Previously reported the week ending July 11, 1998)

Fed Reg – 08/13/1998

Newspaper – 08/14/1998

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four 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, July 18, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(5) Norwest Corporation, Minneapolis, Minnesota, to merge with

Wells Fargo & Company, San Francisco, California, and thereby

acquire their subsidiary banks. *

Newspaper 8/02/98

Fed Reg 8/17/98

3(a)(3) Norwest Corporation, Minneapolis, Minnesota, to acquire an

option to purchase 19.9 percent of Wells Fargo & Company, San

Francisco, California. *

Newspaper 8/02/98

Fed Reg 8/21/98

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper – Newspaper Comment Period Ending Date

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Norwest Corporation, Minneapolis, Minnesota, in connection with

its application to merge with Wells Fargo & Company, to: 1)

engage in mezzanine and other types of commerical loan financing

through Wells Fargo Equity Capital, Inc., San Francisco,

California; and 2) engage in underwriting optional credit life and

disability insurance in connection with extensions of credit through

Crocker Life Insurance Company, Brisbane, California.

Fed Reg 8/17/98

Fed Reg - Federal Register Comment Period Ending Date
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

211.5(c)(3) Norwest Corporation, Minneapolis, Minnesota, in connection with

its application to merge with Wells Fargo & Company, San

Francisco, California, to acquire FIL Holding Company and First

Interstate Services Co.(UK), both of London, England.

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.

The federal bank regulators use the following four 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