Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 10 

Week Ending March 9, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions March 3, 2002 to March 9, 2002

Enforcement

New Century Bank, Shelby Township, Michigan -- issuance of a prompt corrective 

action directive against the bank.

- Approved, March 6, 2002 

(AC) = Addition or Correction Board - Page 1 of 1
H.2 Actions under delegated authority March 3, 2002 to March 9, 2002 

BS&R 

C&CA 

FOMC 

Banking Supervision and Regulation 

Consumer and Community Affairs 

Federal Open Market Committee 

RBOPS 

IF 

OSDM 

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

Bank Branches, Domestic 

Kansas City 

Bank of Colorado, Fort Collins, Colorado -- to establish branches at 5628 West 19th 

Street, Suite 2, Greeley, and 7791 Highland Meadows Parkway, Suite E, Windsor. 

- Approved, March 8, 2002 

St. Louis 

Bank of Iberia, Iberia, Missouri -- to establish a branch at the intersection of Cash-James 

Loop Road and Highway 17, Waynesville. 

- Approved, March 6, 2002 

Chicago 

Chemical Bank and Trust Company, Midland, Michigan -- to establish a branch at 

Independence Village, 2325 North Rockwell Drive. 

- Approved, March 7, 2002 

Richmond 

Community First Bank, Lynchburg, Virginia -- to establish a branch at 69 Callohill Drive, 

Lovingston. 

- Approved, March 6, 2002 

Richmond 

First Bank, Strasburg, Virginia -- to establish a branch at 1717 Shenandoah Avenue, 

Front Royal. 

- Approved, March 7, 2002 

Kansas City 

First State Bank of Taos, Taos, New Mexico -- to establish a branch at the intersection 

of Cerrillos Road and Vegas Verde Drive, Santa Fe. 

- Approved, March 8, 2002 

Secretary 

RBC Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 6000 

Patriots Drive, Williamsburg, Virginia. 

- Approved, March 7, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 7 
H.2 Actions under delegated authority March 3, 2002 to March 9, 2002 

Bank Holding Companies 

Kansas City 

Exchange Bankshares Corporation, Atchison, Kansas -- to engage de novo in extending 

credit and servicing loans. 

- Approved, March 4, 2002 

Kansas City 

First York Ban Corp., York, Nebraska -- to acquire Stewart Insurance Agency, Inc., 

Polk. 

- Withdrawn, March 5, 2002 

Minneapolis 

Kandi Bancshares, Inc., New London, Minnesota -- relief from a commitment. 

- Granted, March 4, 2002 

St. Louis 

Kilmichael Bancorp, Inc., Kilmichael, Mississippi -- to become a bank holding company 

through the acquisition of Bank of Kilmichael. 

- Withdrawn, March 8, 2002 

Chicago 

LSB Holding Company, Livingston, Wisconsin -- to become a bank holding company 

through the acquisition of Livingston State Bank. 

- Approved, March 8, 2002 

Chicago 

Maunesha Bancshares, Inc., Waterloo, Wisconsin -- to become a bank holding company 

through the acquisition of Farmers & Merchants State Bank. 

- Approved, March 8, 2002 

Secretary 

Mercantile Bankshares Corporation, Baltimore, Maryland -- to engage in lending 

activities through Mercantile Mortgage LLC, a de novo company. 

- Approved, March 7, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 7 
H.2 Actions under delegated authority March 3, 2002 to March 9, 2002 

Bank Holding Companies 

Cleveland 

National Bancshares Corporation, Orrville, Ohio -- to acquire Peoples Financial 

Corporation, Massillon, a unitary thrift holding company. 

- Approved, March 5, 2002 

New York 

Atlanta 

Atlanta 

Atlanta 

Norcrown Bancorp, Livingston, New Jersey -- to become a bank holding company 

through the acquisition of Norcrown Bank. 

- Withdrawn, March 4, 2002 

People's Community BancShares, Inc., Sarasota, Florida -- to become a bank holding 

company through the acquisition of People's Community Bank of the West Coast. 

- Returned, March 6, 2002 

Swann BancShares, Inc., Wedowee, Alabama -- to become a bank holding company 

through the acquisition of Bank of Wedowee. 

- Withdrawn, March 8, 2002 

West Metro Financial Services, Dallas, Georgia -- to become a bank holding company 

through the acquisition of First National Bank of West Metro, a de novo bank. 

- Approved, March 8, 2002 

San Francisco 

Western Sierra Bancorp, Cameron Park, California -- to acquire Central California 

Bank, Sonora. 

- Approved, March 8, 2002 

Bank Mergers 

Cleveland 

The Citizens Banking Company, Sandusky, Ohio -- to merge with Citizens National Bank 

of Norwalk, Norwalk, and establish branches. 

- Approved, March 6, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 7 
H.2 Actions under delegated authority March 3, 2002 to March 9, 2002 

Bank Mergers 

New York 

The Industrial Bank of Japan Trust Company, New York, New York -- to merge with 

The Industrial Bank of Japan Whitehall Bank & Trust and become a member of the 

Federal Reserve System. 

- Approved, March 8, 2002 

Change In Bank Control 

Minneapolis 

The First National Bank of Fairfield, Fairfield, Montana; Choteau Bancorporation, Inc., 

Choteau; and The Citizens State Bank of Choteau, Montana -- change in bank control. 

- Permitted, March 7, 2002 

Cleveland 

BancFirst Ohio Corp., Zanesville, Ohio -- change in bank control. 

- Permitted, March 5, 2002 

Kansas City 

First Company, Powell, Wyoming -- change in bank control. 

- Permitted, March 6, 2002 

Boston 

Northern Bancorp Inc., Woburn, Massachusetts -- change in bank control. 

- Permitted, March 8, 2002 

Competitive Factors Reports 

Kansas City 

Bank of Nevada, Las Vegas, Nevada -- report on competitive factors of the proposed 

merger with Mesquite State Bank, Mesquite. 

- Submitted, March 5, 2002 

Richmond 

Bank of North Carolina, Thomasville, North Carolina -- report on competitive factors of 

the proposed merger with Independence Bank, Kernersville. 

- Submitted, March 8, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 7 
H.2 Actions under delegated authority March 3, 2002 to March 9, 2002 

Competitive Factors Reports 

Secretary 

Citizens Business Bank, Ontario, California -- report on competitive factors of the 

proposed merger with Western Security Bank, National Association, Burbank. 

- Submitted, March 7, 2002 

Secretary 

First National Bank of Central California, Salinas, California -- report on competitive 

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

the Monterey and Watsonville branches of California Bank & Trust, San Diego. 

- Submitted, March 4, 2002 

Kansas City 

First National Bank of Longmont, Longmont, Colorado -- report on competitive factors 

of the proposed merger with FNB Mortgage Company. 

- Submitted, March 5, 2002 

Atlanta 

First National Bank of Pulaski, Pulaski, Tennessee -- report on competitive factors of the 

proposed merger with Bank of Belfast, Belfast. 

- Submitted, March 4, 2002 

Cleveland 

Dallas 

Dallas 

First National Bank, Orrville, Ohio -- report on competitive factors of the proposed 

merger with Peoples Savings and Loan Association of Massillon, Massillon. 

- Submitted, March 6, 2002 

Independence Bank, National Association, Houston, Texas -- report on competitive 

factors of the proposed merger with Regions Interim Bank, Birmingham, Alabama. 

- Submitted, March 8, 2002 

International Bank of Commerce, Laredo, Texas -- report on competitive factors of the 

proposed acquisition of the Eagle Pass branch of Commerce Bank. 

- Submitted, March 8, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 7 
H.2 Actions under delegated authority March 3, 2002 to March 9, 2002 

Competitive Factors Reports 

Dallas 

Boston 

Boston 

National Bank of Daingerfield, Daingerfield, Texas -- report on competitive factors of the 

proposed acquisition of the Daingerfield branch of Jefferson Heritage Bank, Denton. 

- Submitted, March 6, 2002 

New England Bancshares, Inc., Enfield, Connecticut -- report on competitive factors of 

the proposed merger of Enfield Federal Interim Savings Bank and Enfield Federal Interim 

Savings Association with Enfield Savings and Loan Association. 

- Submitted, March 6, 2002 

South Coastal Bank, Rockland, Massachusetts -- report on competitive factors of the 

proposed merger with South Coastal Interim Stock Bank. 

- Submitted, March 4, 2002 

Secretary 

Union Bank of California, National Association, San Francisco, California -- report on 

competitive factors of the proposed merger with First Western Bank, Simi Valley. 

- Submitted, March 8, 2002 

Extensions Of Time 

Chicago 

Bancshares Holding Corp., Downers Grove, Illinois -- extension to June 20, 2002, to 

become a bank holding company through the acquisition of The Bank of Commerce. 

- Granted, March 6, 2002 

San Francisco 

Farmers & Merchants Bank, Long Beach, California -- extension to July 3, 2003, to 

establish a branch at 22400 Torrance Boulevard, Torrance. 

- Granted, March 6, 2002 

(AC) = Addition or Correction Delegated - Page 6 of 7 
H.2 Actions under delegated authority March 3, 2002 to March 9, 2002 

Extensions Of Time 

Atlanta 

NBOG Bancorporation, Inc., Gainesville, Georgia -- extension to May 14, 2002, to 

become a bank holding company through the acquisition of The National Bank of 

Gainesville. 

- Granted, February 12, 2002 (AC) 

Atlanta 

Palm Beach County Bank, Boynton Beach, Florida -- extension to March 5, 2003, to 

establish a branch at 4801 Linton Boulevard, Delray Beach. 

- Granted, March 4, 2002 

Atlanta 

SunTrust Bank, Atlanta, Georgia -- extension to February 16, 2003, to establish a branch 

at the intersection of Snowden River Parkway and Waterloo Road, Columbia, Maryland. 

- Granted, February 15, 2002 (AC) 

Financial Holding Companies 

Chicago 

Allied First Bancorp, Inc., Naperville, Illinois -- election to become a financial holding 

company. 

- Effective, March 7, 2002 

Richmond 

Resource Bankshares Corporation, Virginia Beach, Virginia -- election to become a 

financial holding company. 

- Effective, March 7, 2002 

Richmond 

United Financial Banking Companies, Inc., Vienna, Virginia -- election to become a 

financial holding company. 

- Effective, March 7, 2002 

(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, March 9, 2002 

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)/3(a)(3)/ Hoosac Financial Services, Inc., North Adams, Massachusetts, Newspaper - 03/20/2002 

3(a)(5) to be renamed MountainOne Financial Partners, MHC -to Fed Reg - 04/08/2002

merge with Williamstown Mutual Holding Company, 

Williamstown, Massachusetts and thereby acquire Williamstown 

Savings Bank, Williamstown, Massachusetts, and to form a midtier stock holding company, MountainOne Financial Partners, 

Inc., North Adams, Massachusetts 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Royal Bank of Scotland Group plc, Edinburgh, Scotland, United Fed Reg - 03/29/2002 

Kingdom - notification to engage in a joint development effort 

to develop a global payments initiation system through its 

indirect subsidiary, Indentrus LLC, New York, New York 

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, March 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Rep. Office Natexis Banque Popularies S.A., Paris, France, to establish a Newspaper – N/A 

representative office in Miami, Florida 

* 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 

4c8 R&G Financial Corporation, San Juan, Puerto Rico, to acquire 

Crown Group Inc., a savings and loan bank holding company, 

and indirectly acquire control of its thrift subsidiary, Crown 

Bank, a federl savings bank, both of Casselberry, Florida. 

Newspaper – 02/15/2002 

d. Reg. – 03/22/2002 

3a1 Eurobancshares, Inc., Hato Rey, Puerto Rico, to acquire 100% 

of the issued and outstanding shares of the common stock of 

Eurobank, Hato Rey, Puerto Rico. 

Newspaper – 03/01/2002 

Fed. Reg. – 03/29/2002 

* 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 

4c8 Notice by Barclays Plc and Barclays Bank Plc, both of London, Feg. Reg. – N/A 

England, to engage in certain nonbanking activities, both 

directly and through Identrus, LLC. 
Section IV – Applications not subject to Federal Register or newspaper notice 

Type Application 

4c8 Notice by Bayerische Hypo-und Vereinsbank Fed. Reg. – 03/25/2002 

Aktiengesellschaft, Munich, Germany, Barclays PLC and 

Barclays Bank PLC, both of London, England, in conncetion 

with the acquisition by Identrus, LLC of Digital Signature Trust 

Company, to engage in certain nonbanking activities through 

Identrus. 

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, March 9, 2002 

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 regulatio n 

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, March 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Received application from Provident Bank, Cincinnati, OH to 03/09/2002 

establish a branch at 1788 Tamiami Trail, Venice, FL.* 

* 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)(5) Received application from Charter One Financial, Inc., Fed Reg – 04/05/2002 

Cleveland, OH and Charter-Michigan Bancorp, Dearborn, MI to Newspaper – N/Avail 

acquire Charter National Bancorp, Taylor, MI and Charter Bank, 

Wyandotte, MI.* 

* 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 

Sectio n 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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, March 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Valley Bank, Roanoke, Virginia, to establish a branch at 1003 Newspaper - 03/13/2002 

Hardy Road, Vinton, Virginia.* 

*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)(3) First Citizens Bancorporation of South Carolina, Inc., Columbia, Fed Reg - 04/08/2002 

South Carolina, to acquire up to 10% of the outstanding shares Newspaper - N/Avail 

of Bank of Wilmington, Wilmington, North 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 

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, March 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

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

located at 10805 N.W. 41st Street, Miami, Florida, to be known 

as the Doral Branch. 

03/13/2002*

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

6335 Mechanics Turnpike, Mechanicsville, Virginia, to be 

known as the East Hanover Kroger Office. 

03/14/2002*

*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) Swann BancShares, Inc., to become a bank holding company by 

acquiring Bank of Wedowee, both of Wedowee, Alabama. 

N/Avail* 

CIC First Bancshares of Baton Rouge, Inc., Baton Rouge, Louisiana, 

after-the-fact change in control notification filed by Mr. John T. 

Mitchell to retain ownership of 41.64 percent of the outstanding 

shares of First Bancshares of Baton Rouge, Inc., and its 

subsidiary, First Bank, both of Baton Rouge, Louisiana. 

03/29/2002

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Florida Business BancGroup, Inc., Tampa, Florida, to engage in 

making, acquiring, brokering, or servicing loans or other 

extensions of credit. 
Section IV – Applications not subject to Federal Register or newspaper notice 

Type Application 

3(a)(1) Legends Financial Holdings, Inc., notice to become a bank 

holding company by acquiring Legends Bank, both of 

Clarksville, Tennessee. 

WAIVR Regions Financial Corporation, Birmingham, Alabama, 

application waiver request for the proposed acquisition of 

Independence Bank, N.A., Houston, Texas. 

3(a)(1) Florida Community Banks, Inc., notice to become a bank 

holding company by acquiring Florida Community Bank, both 

of Immokalee, Florida. 

COM Pinnacle Financial Partners, Inc., Nashville, Tennessee, 

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. 

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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, March 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Eastern Michigan Bank, Croswell, Michigan, to establish a 

branch facility to be located at 3061 Krafft Road, Fort Gratiot 

Township, Michigan.* 

18(c) & Branches Johnson Bank, Racine, Wisconsin, for prior approval to merge 

with Johnson Bank Hayward, Hayward, Wisconsin and thereby 

to establish branches at Hwy 63 North, Hayward, Wisconsin, 

209 Dakota South, Hayward, Wisconsin, 340 S. Main Street, 

Rice Lake, Wisconsin and 329 S. River Street, Spooner, 

Wisconsin.* 

18(c) & Branches M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, to merge 

with Richfield Bank & Trust Co., Richfield, Minnesota and 

thereby to establish 21 branches.* 

18(c) & Branches M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, to merge 

with Century Bank, National Association, Eden Prairie, 

Minnesota and thereby to establish branches at 11455 Viking 

Drive, Eden Prairie, Minnesota, 575 Wayzata Boulevard, St. 

Lois Park, Minnesota and 3500 129th Avenue NW, Coon 

Rapids, Minnesota.* 

Newspaper – 03/14/2002 

Newspaper – 03/06/2002 

Newspaper – 03/09/2002 

Newspaper – 03/09/2002 

* 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)(3) The Baraboo Bancorporation, Inc., Baraboo, Wisconsin, to 

acquire 100 percent of The Bancorp, Inc., Cedarburg, Wisconsin 

and thereby indirectly acquire Northwoods State Bank, Elcho, 

Wisconsin.* 

Fed Reg – 04/01/2002 

Newspaper – N/Avail 

3(a)(3) Gifford Bancorp, Inc. Employee Stock Ownership Plan, Gifford, 

Illinois, to acquire 100 percent of Gifford Bancorp, Inc., Gifford, 

Illinois and thereby indirectly acquire The Gifford State Bank, 

Gifford, Illinois.* 

Fed Reg – 03/29/2002 

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

Ending date of 

Type Application comment period 

3(a)(1) & 4(c)(8) Savanna-Thomson Investment, Inc., Fulton, Illinois, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Thomson 

Investment Company, Inc., Thomson, Illinois and thereby 

indirectly acquire Savanna State Bank, Savanna, Illinois and 

Thomson State Bank, Thomson, Illinois and for prior approval 

to engage in the activity of making and servicing loans through 

the establishment of Thomson LLC, Fulton, Illinois.* 

3(a)(1) SBN Community Bancorp, Inc., Newburg, Wisconsin, to 

become a bank holding company by acquiring 100 percent of 

State Bank of Newburg, Newburg, Wisconsin.* 

Fed Reg – 03/05/2002 

Newspaper – 03/02/2002 

Fed Reg – 03/25/2002 

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 

MIRA Spectrum Bancorporation, Inc., Omaha, Nebraska, for Andrew 

C. Hove, to form a director/management interlock with 

Spectrum Bancorporation, Inc., Omaha, Nebraska. 
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 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, March 9, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Vine Street Trust Company, Owensboro, Kentucky, to establish 

a branch facility to be located at 3285 Blazer Parkway, 

Lexington, Kentucky.*

Newspaper – 04/08/2002

* 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 Central Bancompany, Inc., Jefferson City, Missouri, by David 

C. Harrison to become co-trustee of the Central Bancompany 

Voting Trust which controls Central Bancompany, Inc., 

Jefferson City, Missouri. (Previously submitted during the week 

ending March 2, 2002)

Newspaper – 03/22/2002

Fed Reg – 03/27/2002

CIC Midwest Community Bancshares, Inc., Marion, Illinois, by 

Dennis F. Doelitzsch, Marion, Illinois, to retain 10.08 percent. 

(Previously submitted during the week ending March 2, 2002)

Newspaper – 03/20/2002

Fed Reg – 03/19/2002

3A3 First Citizens Bancshares, Inc., Dyersburg, Tennessee, to 

acquire 100 percent of Metropolitan Bancshares, Inc., Munford, 

Tennessee, and thereby indirectly acquire The Munford Union 

Bank, Munford, Tennessee.*

Newspaper – 04/07/2002

Fed Reg – 04/08/2002

* 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

48374 First Financial Bank

El Dorado, Arkansas

10/29/2001 03/06/2002 S X

Section VI – CRA examinations scheduled for Second Quarter of 2002

Institution Location

Simmons First Bank of Russellville Russellville, Arkansas

The Farmers and Merchants Bank Stuttgart, Arkansas 

Warren Bank and Trust Company Warren, Arkansas

First Illinois Bank East St. Louis, Illinois

Bank of Buffalo Buffalo, Kentucky

Farmers and Merchants Bank and Trust Company Hannibal, Missouri

Southern Commercial Bank St. Louis, Missouri

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 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, March 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch American State Bank of Rapid City, Rapid City, South Dakota, 03/15/2002 

to establish a branch facility to be located at 1750 Eglin Street, 

Rapid City, South Dakota. 

*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 The Thelen Family Limited Liability Limited Partnership 2, Fed Reg – 03/19/2002 

Baxter, Minnesota, to gain control of American Bancorporation Newspaper – 03/13/2002 

of Minnesota, Inc., Brainerd, Minnesota, and thereby indirectly 

gain control of American National Bank of Minnesota, Baxter, 

Minnesota. 

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 

126553 North Shore Bank of Commerce 11/19/2001 03/05/2002 S X 

Duluth, Minnesota 

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, March 9, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch The Heritage Bank of St. Joseph, St. Joseph, Missouri, for prior 

approval to establish a branch at 1301 South Riverside Road, St. 

Joseph, Missouri. 

Branch First State Bank of Taos, Taos, New Mexico, for prior approval 

to establish a branch at the Southwest Corner of Cerrillos Road 

and Vegas Verde Drive, Santa Fe, New Mexico. 

Branch Bank of Colorado, Fort Collins, Colorado, for prior approval to 

establish a mobile branch out of their office located at 205 

Country Center Drive, Pagosa Springs, Colorado. 

Newspaper – 03/15/2002 

Newspaper – 02/25/2002 

Newspaper – 03/15/2002 

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 

14650 Bank of Locust Grove 12/10/2001 03/07/2002 S X 

124 E. Main Street 

Locust Grove, Oklahoma 74352 

Section VI – CRA examinations scheduled for Second Quarter of 2002 

Institution Location 

The Citizens State Bank of Cortez

Farmers State Bank of Fort Morgan

Union Colony Bank

BankWest

Bank of Blue Valley

First Country Bank

Webb City Bank

Bank of Hartington

Pleasanton State Bank

First Nebraska Bank

The Bank of Belen

Western Bank

Cortez, Colorado

Fort Morgan, Colorado

Greeley, Colorado

Goodland, Kansas

Overland Park, Kansas

Urich, Missouri

Webb City, Missouri

Hartington, Nebraska

Pleasanton, Nebraska

Valley, Nebraska

Belen, New Mexico

Gallup, New Mexico
Section VI – CRA examinations scheduled for Second Quarter of 2002 

Institution Location 

First State Bank of Taos Taos, New Mexico

Farmers State Bank Quinton, Oklahoma

First State Bank in Temple Temple, Oklahoma

Jackson State Bank Jackson, Wyoming

Uinta County State Bank Mountain View, Wyoming

The inclusion on the list of institutions that are schedule d 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, March 9, 2002 

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 

336361 Sanger Bank 12/03/2001 03/11/2002 S X 

501 N. Stemmons 

Sanger, Texas 76266-9375 

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, March 9, 2002 

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 

1158832 Pacific State Bank 11/05/2001 03/07/2002 O 

6 S. El Dorado Street 

Stockton, California 95202 

(209) 943-7400 

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended 

to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or 

omissions. 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 

X