Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 35 

Week Ending September 1, 2001 

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Actions under delegated authority August 26, 2001 to September 1, 2001 

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

International Fiance

Office of Staff Director for Management

Bank Branches, Domestic

Philadelphia 

Ameriserve Financial Bank, Johnstown, Pennsylvania -- to establish a branch at 5 

Gateway Center, Pittsburgh. 

- Approved, August 29, 2001 

New York 

Bank of Smithtown, East Setauket, New York -- to establish a branch on Belle Mead 

Road, Suffolk County. 

- Approved, August 23, 2001 (AC) 

New York 

The Chase Manhattan Bank, New York, New York -- to establish a branch at 1320 

Stony Brook Road, Stony Brook. 

- Approved, August 24, 2001 (AC) 

Cleveland 

The Citizens Banking Company, Sandusky, Ohio -- to establish a branch at 205 SE 

Catawba Road, Port Clinton. 

- Approved, August 30, 2001 

Chicago 

Elkhart Community Bank, Elkhart, Indiana -- to establish a mobile branch to operate 

within a five-mile radius of the bank. 

- Approved, August 30, 2001 

Chicago 

Goshen Community Bank, Goshen, Indiana -- to establish a mobile branch to operate 

within a five-mile radius of the bank. 

- Approved, August 30, 2001 

Chicago 

Johnson Bank, Racine, Wisconsin -- to establish a branch at 441 Lake Avenue. 

- Approved, August 29, 2001 

(AC) = Addition or Correction Delegated - Page 1 of 8 
H.2 Actions under delegated authority August 26, 2001 to September 1, 2001 

Bank Branches, Domestic

Richmond 

Southern Financial Bank, Warrenton, Virginia -- to establish a branch at 300 East 

Market Street, Charlottesville. 

- Approved, August 30, 2001 

Bank Holding Companies

Atlanta 

Commercial Bancgroup, Inc., Harrogate, Tennessee -- to acquire Cumberland 

Mountain Bancshares, Inc., Middlesboro, Kentucky, and Middlesboro Federal Bank, 

FSB; and for Commercial Bank, Harrogate, Tennessee, to merge with Middlesboro 

Federal Bank, FSB. 

- Approved, August 27, 2001 

Minneapolis 

Dacotah Banks, Inc., Aberdeen, South Dakota -- to acquire F&M Bank Holding 

Company of Valley City, Valley City, North Dakota. 

- Approved, August 29, 2001 

St. Louis 

First Banks, Inc., St. Louis, Missouri -- to engage de novo in lending activities. 

- Approved, August 29, 2001 

Kansas City 

First Western Bank Shares, Inc., Huron, South Dakota -- to become a bank holding 

company through the acquisition of Marquette Bank Nebraska, N.A., O'Neill, 

Nebraska. 

- Approved, August 30, 2001 

Atlanta 

Grand Bankshares, Inc., West Palm Beach, Florida -- to become a bank holding 

company through the acquisition of Grand Bank of Florida. 

- Returned, August 30, 2001 

(AC) = Addition or Correction Delegated - Page 2 of 8 
H.2 Actions under delegated authority August 26, 2001 to September 1, 2001 

Bank Holding Companies

Chicago 

Grant County State Bancshares, Inc. Employees Stock Ownership Plan, Swayzee, 

Indiana -- to acquire additional shares of Grant County State Bancshares, Inc. and 

thereby acquire Grant County State Bank. 

- Approved, August 31, 2001 

Secretary 

The Royal Bank of Scotland Group plc, The Royal Bank of Scotland plc, and RBSG 

International Holdings Ltd., all in Edinburgh, Scotland, and Citizens Financial Group, 

Inc., Providence, Rhode Island -- commenters' requests to extend the comment 

period on the application to acquire Citizens Bank of Pennsylvania, Philadelphia, 

Pennsylvania, and Citizens Bank, Wilmington, Delaware, both de novo banks. 

- Denied, August 31, 2001 

Kansas City 

Sunflower Banks, Inc., Salina, Kansas; Sunflower Bank, National Association; and 

Sunflower Acquisition Corporation -- waiver of applications in connection with the 

acquisition of First Canon Bancorp, Inc., Canon City, Colorado, and its subsidiary, 

The First National Bank of Canon City, and merger of The First National Bank of 

Canon City with Sunflower Bank. 

- Granted, August 31, 2001 

Atlanta 

Synovus Financial Corporation, Columbus, Georgia -- to merge with FABP 

Bancshares, Inc., Pensacola, Florida, and thereby acquire First American Bank of 

Pensacola. 

- Approved, August 31, 2001 

Kansas City 

Team Financial, Inc., Paola, Kansas, and Team Financial, Inc. Employees' Stock 

Ownership Plan -- to acquire Post Bancorp, Inc., Colorado Springs, Colorado, and 

Colorado Springs National Bank. 

- Approved, August 28, 2001 

Atlanta 

United Bancshares, Inc., New Orleans, Louisiana -- to become a bank holding 

company through the acquisition of United Bank and Trust. 

- Returned, August 29, 2001 

(AC) = Addition or Correction Delegated - Page 3 of 8 
H.2 Actions under delegated authority August 26, 2001 to September 1, 2001 

Bank Mergers

Atlanta 

Colonial Bank, Montgomery, Alabama -- to acquire certain assets and assume certain 

liabilities of 13 Alabama and Florida branches of Union Planters Bank, N.A., 

Memphis, Tennessee. 

- Approved, August 29, 2001 

Chicago 

First Farmers Bank and Trust Company, Converse, Indiana -- to acquire the 

Greentown, Logansport, Peru, Roann, and Wabash offices of Lake City Bank, 

Warsaw, and thereby establish branches. 

- Approved, August 29, 2001 

Change In Bank Control

Kansas City 

Ameribanc Holdings, Durango, Colorado -- change in bank control. 

- Permitted, August 28, 2001 

Kansas City 

First National Bancshares, Inc., Edmond, Oklahoma -- change in bank control. 

- Permitted, August 30, 2001 

Chicago 

Lamoine Bancorp, Inc., La Harpe, Illinois -- change in bank control. 

- Permitted, August 28, 2001 

Secretary 

Laredo National Bancshares, Laredo, Texas -- commenter's request to extend the 

comment period for a change in bank control. 

- Denied, August 31, 2001 

Competitive Factors Reports

Chicago 

Anchor BanCorp Wisconsin Inc., Madison, Wisconsin -- report on competitive 

factors of the proposed acquisition of Ledger Capital Corp., Glendale. 

- Submitted, August 31, 2001 

(AC) = Addition or Correction Delegated - Page 4 of 8 
H.2 Actions under delegated authority August 26, 2001 to September 1, 2001 

Competitive Factors Reports

Dallas 

Bank of the Hills, N.A., Kerrville, Texas -- report on competitive factors of the 

proposed merger with New Bank of the Hills, N.A. 

- Submitted, August 30, 2001 

St. Louis 

Bloomfield State Bank, Bloomfield, Indiana -- report on competitive factors of the 

proposed merger with The First Bank of Mitchell, Mitchell. 

- Submitted, August 29, 2001 

Boston 

Borel Bank and Trust Company, San Mateo, California -- report on competitive 

factors of the proposed merger with Borel Acquisition Corp. 

- Submitted, August 27, 2001 

Secretary 

Citibank (South Dakota), N.A., Sioux Falls, South Dakota -- report on competitive 

factors of the proposed merger with Hurley State Bank; Universal Bank, National 

Association, Columbus, Georgia; and Citibank USA, Wilmington, Delaware, in 

connection with the corporate reorganization of the domestic credit card business of 

Citigroup Inc., New York, New York. 

- Submitted, August 29, 2001 

Secretary 

Colorado Business Bank, National Association, Denver, Colorado -- report on 

competitive factors of the proposed merger with First Capital Bank of Arizona, 

Phoenix, Arizona. 

- Submitted, August 28, 2001 

St. Louis 

First Bank & Trust, San Francisco, California -- report on competitive factors of the 

proposed merger with BYL Bank Group, Orange. 

- Submitted, August 28, 2001 

Chicago 

First Federal Capital Corp., La Crosse, Wisconsin -- report on competitive factors of 

the proposed merger with American Community Bancshares, Inc., Wausau. 

- Submitted, August 31, 2001 

(AC) = Addition or Correction Delegated - Page 5 of 8 
H.2 Actions under delegated authority August 26, 2001 to September 1, 2001 

Competitive Factors Reports 

Boston 

First Massachusetts Bank, National Association, Worcester, Massachusetts -- report 

on competitive factors of the proposed merger with MetroWest Bank, Framingham. 

- Submitted, August 27, 2001 

Chicago 

Independent Bank South Michigan, Leslie, Michigan -- report on competitive factors 

of the proposed acquisition of four branches of Independent Bank MSB, Bay City. 

- Submitted, August 31, 2001 

Chicago 

Dallas 

Metrobank, National Association, Davenport, Iowa -- report on competitive factors 

of the proposed merger with Community Bank, Preston; Community Insurance, Inc., 

Miles; and Farmers State Bank Chadwick and Mount Carroll, Mount Carroll, Illinois. 

- Submitted, August 31, 2001 

The National Bank of Daingerfield, Daingerfield, Texas -- report on competitive 

factors of the proposed acquisition of the Daingerfield branch of Jefferson Heritage 

Bank, FSB, Denton. 

- Submitted, August 31, 2001 

Philadelphia 

Omega Bank, N.A., State College, Pennsylvania -- report on competitive factors of 

the proposed merger with Hollidaysburg Trust Company, Hollidaysburg, and Penn 

Central National Bank. 

- Submitted, August 27, 2001 

Chicago 

State Bank of Latham, Latham, Illinois -- report on competitive factors of the 

proposed merger with Valley State Bank, Eldridge, Iowa, and the proposed purchase 

of assets and assumption of liabilities of State Bank of Latham by Middletown State 

Bank, Middletown, Illinois. 

- Submitted, August 30, 2001 

(AC) = Addition or Correction Delegated - Page 6 of 8 
H.2 Actions under delegated authority August 26, 2001 to September 1, 2001 

Competitive Factors Reports

Secretary 

Travelers Bank & Trust, FSB, Newark, Delaware -- report on competitive factors of 

the proposed merger with Citi Fiduciary Trust Company of Florida, Palm Beach, 

Florida; Citi Fiduciary Trust Bank of Michigan, Farmington Hills, Michigan; Citi 

Fiduciary Trust Company of New Jersey, Red Bank, New Jersey; Citi Fiduciary 

Trust Company, New York, New York; and Citi Fiduciary Trust Company of Texas, 

Dallas, Texas. 

- Submitted, August 29, 2001 

Extensions Of Time

Kansas City 

First Liberty Capital Corporation Employee Stock Ownership Plan, Hugo, 

Colorado -- extension to March 1, 2002, to acquire additional shares of First Liberty 

Capital Corporation. 

- Granted, August 30, 2001 

New York 

J.P. Morgan Chase & Co. Inc., New York, New York -- extension to December 11, 

2001, to merge Morgan Guaranty Trust Company of New York and The Chase 

Manhattan Bank. 

- Granted, August 22, 2001 (AC) 

Financial Holding Companies

Atlanta 

American Banking Corporation of Lake Wales, Lake Wales, Florida -- election to 

become a financial holding company. 

- Effective, August 27, 2001 

Director, BS&R 

HBOS plc, Edinburgh, Scotland -- election to become a financial holding company 

on its acquisition of The Governor and Company of the Bank of Scotland. 

- Effective, August 31, 2001 

(AC) = Addition or Correction Delegated - Page 7 of 8 
H.2 Actions under delegated authority August 26, 2001 to September 1, 2001 

Membership

Kansas City 

Saline State Bank, Wilber, Nebraska -- membership in the Federal Reserve System. 

- Approved, August 28, 2001 

(AC) = Addition or Correction Delegated - Page 8 of 8 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, September 1, 2001 

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 

Change in Bank Central Bancorp, Inc., Somerville, Massachusetts - notice by Newspaper - 09/26/2001 

Control John Doherty to individually acquire greater than 10% of Fed Reg – N/Avail 

Central Bancorp, Inc. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, September 1, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Representative 

Office 

Banca Comerciala Romana S.A., Bucharest, Romania, to 

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

Newspaper – N/Avail 

Representative 

Office 

Royal Bank of Canada, Montreal, Canada, to establish a 

representative office in Wilmington, Delaware.* 

Newspaper – N/Avail 

Branch NCF Bank Plc (formerly known as Nordea Companies Finland 

(NCF) Plc formerly known as MeritaNordbanken Plc), to 

establish a state-licensed branch at 437 Madison Avenue, New 

York, New York.* 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

None 

* 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 2001 

Institution Location 

None 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, September 1, 2001 

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 

4(c)(8) CNB Financial Corporation, Clearfield, PA, to retain ownership 09/18/2001 

of County Reinsurance Company, Phoenix, AZ. 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, September 1, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Received notice from The Citizens Banking Company, 

Sandusky, OH on 08/27/2001 of its intent to establish a branch 

at 205 S.E. Catawba Rd., Port Clinton, OH.* 

08/18/2001

Branch Received notice from Community First Bank & Trust, Celina, 

OH to start a branch operation at The Gardens of Celina, 1301 

Myers Rd., Celina, OH.* 

08/31/2001

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 

513920 The Marblehead Bank 06/25/2001 08/28/2001 S X 

709 West Main Street 

Marblehead, OH 43440 

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, September 1, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Centura Bank, Rocky Mount, North Carolina, to establish a 

branch at 2000 Wade Hampton Boulevard, Greenville, South 

Carolina.* 

Newspaper - 09/06/2001 

18(c) First Virginia Bank-Hampton Roads, Norfolk, Virginia, to 

merge with James River Bank, Waverly, Virginia, and James 

River Bank/Colonial, Suffolk, Virginia.* 

Newspaper - 10/03/2001 

*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) FNB Corporation, Christiansburg, Virginia, to acquire 100% 

of the voting shares of FNB Southwest, National Association, 

Roanoke, Virginia (a converting federal savings bank presently 

known as Southwest Virginia Savings Bank).* 

Fed Reg - 09/18/2001 

Newspaper - 09/07/2001 

3(a)(1) Piedmont BankCorp, Statesville, North Carolina, to become a 

bank holding company through the acquisition of 100% of the 

voting shares of Piedmont Bank, Statesville, North Carolina.* 

Fed Reg - N/Avail 

Newspaper - 09/28/2001 

*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 

25A Bank of America, N.A., Charlotte, North Carolina, to increase 

the investment in its Edge Corporation subsidiaries. 

Member Piedmont Bank, Statesville, North Carolina, 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. 

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, September 1, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

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

located at 401 Adamson Square, Carrollton, Georgia. 

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

located at 4640 S. Fort Apache, Las Vegas, Nevada. 

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

located at 1711 North Citrus Boulevard, Leesburg, Florida. 

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

located at 2900 Allison Bonnett Memorial Drive, Hueytown, 

Alabama. 

08/30/2001* 

08/30/2001* 

08/24/2001* 

09/01/2001* 

*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) Georgia Banking Company, Inc., Atlanta, Georgia, to become a Fed Reg – 10/05/2001* 

bank holding company by acquiring Georgia Banking Company, 

Atlanta, Georgia (in organization). 

*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) Georgia Banking Company, Inc., Atlanta, Georgia, to engage in 10/05/2001 

mortgage lending through its nonbank subsidiary, GBC 

Fundings, Inc., Atlanta, Georgia. 
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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, September 1, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Citizens Bank, Flint, Michigan, for prior approval to establish a 

branch at 2285 Cedar Street, Holt, Michigan.* 

Newspaper – 8/31/2001 

18(c) & 

Branches 

M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, for prior 

approval to merge with National City Bank of Minneapolis, 

Minneapolis, Minnesota and thereby to establish branches at 651 

Nicollet Mall, Minneapolis, Minnesota and 3905 West 69th 

Street, Edina, Minnesota.* 

Newspaper – N/Avail 

* 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 

Notification by Helen M. Paul, to acquire an additional 50 

shares of APM Bancorp, Inc., Buffalo, Iowa. 

3(a)(1) Bank Iowa Holding Company, Clarinda, Iowa, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Farmers State 

Bank, Schleswig, Iowa.* 

3(a)(1) Eagle Bancshares, Inc., Cashton, Wisconsin, for prior approval 

to become a bank holding company through the acquisition of 

100 percent of the outstanding shares of Cashton Bancshares, 

Inc., Cashton, Wisconsin and thereby indirectly Bank of 

Cashton, Cashton, Wisconsin.* 

3(a)(3) Great River Financial Group, Inc., Burlington, Iowa, for prior 

approval to acquire 100 percent of the voting shares of 

Southeast Security Bank, Mediapolis, Iowa.* 

3(a)(3) Kerndt Bank Services, Inc., Lansing, Iowa, for prior approval to 

acquire 100 percent of the voting shares of Westmont 

Corporation, West Union, Iowa, and thereby indirectly acquire 

Farmers Savings Bank, West Union, Iowa.* 

Fed Reg – 9/19/2001 

Newspaper – N/Avail 

Fed Reg – 8/27/2001 

Newspaper – 9/01/2001 

Fed Reg – 9/20/2001 

Newspaper – N/Avail 

Fed Reg – 9/28/2001 

Newspaper – N/Avail 

Fed Reg – 8/27/2001 

Newspaper – 8/30/2001 

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

Ending date of 

Type Application comment period 

3(a)(3) Mid-Iowa Bancshares Co., Algona, Iowa, for prior approval to 

acquire in excess of 5% but not to exceed 10% of Horizon Bank 

(in organization), Encino, California.* 

3(a)(3) Oswego Community Bank Employee Stock Ownership Plan, 

Oswego, Illinois, for prior approval to acquire an additional 

19.69 percent, for a total of 47 percent, of the voting shares of 

Oswego Bancshares, Inc., Oswego, Illinois and thereby 

indirectly acquire Oswego Community Bank, Oswego, Illinois.* 

3(a)(3) Panhandle Aviation, Inc., Clarinda, Iowa, for prior approval to 

acquire 100 percent of the voting shares of Bank Iowa Holding 

Company, Clarinda, Iowa, and thereby indirectly acquire 

Farmers State Bank, Schleswig, Iowa.* 

3(a)(3) River Valley Bancorp, Inc., Eldridge, Iowa, for prior approval to 

acquire 80.95 percent of the voting shares of Southeast Security 

Bank, Mediapolis, Iowa.* 

3(a)(3) River Valley Bancorp, Inc., Eldridge, Iowa, for prior approval to 

acquire 100 percent of State Bank of Latham, Latham, Illinois.* 

Notification by John G. Rosholt, of a Change in Control to retain 

control, and by Gary C. Rosholt to acquire control, of Rosholt 

Bancorporation, Inc., Rosholt, Wisconsin. 

3(a)(1) WB Bancshares, Inc., Bloomington, Wisconsin, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Woodhouse 

and Bartley Bank, Bloomington, Wisconsin.* 

Fed Reg – 9/11/2001 

Newspaper – N/Avail 

Fed Reg – 9/4/2001 

Newspaper – 9/03/2001 

Fed Reg – 8/27/2001 

Newspaper – 9/01/2001 

Fed Reg – 8/27/2001 

Newspaper – 8/25/2001 

Fed Reg – 9/28/2001 

Newspaper – N/Avail 

Fed Reg – 8/27/2001 

Newspaper – N/Avail 

Fed Reg – 9/10/2001 

Newspaper – 8/31/2001 

* 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 

Membership Bank of Palmyra, Palmyra, Illinois, for prior approval to become 

a member of the Federal Reserve System. 

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

Type Application 

Membership Logan County Bank, Lincoln, Illinois, for prior approval to 

become a member of the Federal Reserve System. 

Regulation K Michigan National Bank, Farmington Hills, Michigan, for prior 

approval to establish Standard Federal International, LLC, 

Wilmington, Delaware, as an Agreement corporation, and 

indirectly acquire four subsidiaries. 

4(c)(8) Oswego Bancshares, Inc., Oswego, Illinois, for prior approval to 

guarantee the borrowings by Oswego Community Bank 

Employees Stock Ownership Plan. 

Membership Town and Country Bank, Buffalo, Illinois, for prior approval to 

become a member of the Federal Reserve System. 

Membership Town and Country Bank of Springfield, Springfield, Illinois, for 

prior approval to become a member of 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. 

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 

2728474 New Century Bank 4/09/2001 8/31/2001 S X 

23155 Northwestern Hwy. 

Southfield, Michigan 48075 

(248) 827-2800 
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, September 1, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC Notice involving Planters Holding Company, Indianola, 

Mississippi, by William T. Robinson, Jr., Indianola, Mississippi, 

to retain 12.59 percent. 

Newspaper – 9/20/2001 

Fed Reg. – N/Avail 

CIC Notice involving Fredonia Valley Bancorp, Inc., Fredonia, 

Kentucky, by Frances Young Trigg, Lexington, Kentucky, to 

retain 13.88 percent. 

Newspaper – 9/21/2001 

Fed Reg. – 9/10/2001 

Fed Reg - Federal Register Comment Period Ending Date 

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 

493143 State Bank of Lima, Lima, Illinois 5/14/2001 8/30/2001 O X 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, September 1, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) & Branch BANKFIRST, Sioux Falls, South Dakota, to purchase certain 

assets and assume certain liabilities of the Miami, Arizona 

branch of Community First National Bank, Fargo, North Dakota, 

and immediately thereafter relocate the branch to Chandler, 

Arizona.* 

5(d)(3) & Branch Western Security Bank, Billings, Montana, to purchase certain 

assets and assume certain liabilities of the Billings, Montana 

branches of Glacier Bank, Kalispell, Montana and incident 

thereto establish branches at 670 Main Street, Billings, Montana 

and 2209 Central Avenue, Billings, Montana.* 

5(d)(3) & Branch Valley Bank of Helena, Helena, Montana, to purchase certain 

assets and assume certain liabilities of the Helena, Montana 

branch of Glacier Bank, Kalispell, Montana and incident thereto 

establish a branch at 611 North Montana, Helena, Montana.* 

Branch Rocky Mountain Bank, Billings, Montana, to establish a branch 

at 2901 W. Main, Bozeman, Montana.* 

18(c) & Branch First Interstate Bank, Billings, Montana, to merge with First 

Interstate Bank, Sheridan, Wyoming, and incident thereto 

establish 21 branches. 

N/Avail. 

09/10/2001 

09/10/2001 

09/01/2001 

N/Avail. 

*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) Frandsen Financial Corporation, Forest Lake, Minnesota, for Fed. Reg. – 09/28/2001 

prior approval to acquire 100% of the voting shares of F & M Newspaper – 10/01/2001 

Bank-Minnesota, Dundas, Minnesota.* 

*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 

3(a)(1) American Bancorporation of Minnesota, Inc., Brainerd, 

Minnesota, for prior approval to become a bank holding 

company through the acquisition of 100% of the voting shares of 

American National Bank of Minnesota, Brainerd, Minnesota. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

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, September 1, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Bank of Colorado, Fort Lupton, Colorado, for prior approval to Newspaper – 08/26/2001 

establish a branch at 3130 Main Avenue, Durango, Colorado. 

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

Ending date of 

Type Application comment period 

3(a)(1) Leawood Bancshares, Inc., Leawood, Kansas, for prior approval Newspaper – N/Available 

to become a bank holding company through the acquisition of Fed Reg – N/Available 

100 percent of the voting shares of Town & Country Bank, 

Leawood, Kansas, in organization. 

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 Fourth Quarter of 2001 

Institution Location 

Centennial Bank West 

Fidelity State Bank and Trust 

Citizens State Bank and Trust 

Citizens Farmers Bank of Cole Camp 

Bank of Elgin 

Five Points Bank 

FirstBank 

First Bank and Trust Company 

Union Bank of Chandler 

First State Bank 

Bank of Locust Grove 

Security Bank 

Lakeside Bank of Salina 

Eaton, Colorado

Dodge City, Kansas

Ellsworth, Kansas

Cole Camp, Missouri

Elgin, Nebraska

Grand Island, Nebraska

Antlers, Oklahoma

Broken Bow, Oklahoma

Chandler, Oklahoma

Fairfax, Oklahoma

Locust Grove, Oklahoma

Pawnee, Oklahoma

Salina, Oklahoma
Section VI – CRA examinations scheduled for Fourth Quarter of 2001 

Institution Location 

First Bank of Turley Tulsa, Oklahoma 

SpiritBank Tulsa, Oklahoma 

Oregon Trail Bank Guernsey, Wyoming 

First State Bank Newcastle, Wyoming 

Union State Bank Upton, Wyoming 

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar 

quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need 

to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other 

circumstances. 
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, September 1, 2001 

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) Cisco Bancshares, Inc., Cisco, TX, to acquire Cisco Bancshares 

of Nevada, Inc., Carson City, NV, and First National Bank in 

Cisco, Cisco, TX* (previously reported the week ending August 

11, 2001) 

3(a)(1) Cisco Bancshares of Nevada, Inc., Carson City, NV, to acquire 

First National Bank in Cisco, Cisco, TX* (previously reported 

the week ending August 11, 2001) 

CIC Warren A. Armstrong, La Grange, TX, et al, acting in concert 

through a voting and stock restriction agreement, to acquire an 

interest in La Grange Bancshares, Inc., La Grange, TX 

(previously reported the week ending August 25, 2001) 

3(a)(3) International Bancshares Corp, Laredo, TX, and IBC Subsidiary 

Corporation, Wilmington, DE, to acquire National Bancshares 

Corporation of Texas, San Antonio, TX, NBT of Delaware, Inc., 

Wilmington, DE, and NBC Bank, National Association, Eagle 

Pass, TX* (previously reported the week ending August 25, 

2001) 

3(a)(1) Spector Holdings Management, L.L.C., San Antonio, TX, to 

acquire Spector Holdings Limited Partnership, San Antonio, TX, 

Luling Bancshares, Inc., Luling, TX, Luling Delaware Financial 

Corporation, Dover, DE, and Citizens State Bank of Luling, 

Luling, TX* 

3(a)(1) Spector Holdings Limited Partnership, San Antonio, TX, to 

acquireLuling Bancshares, Inc., Luling, TX, Luling Delaware 

Financial Corporation, Dover, DE, and Citizens State Bank of 

Luling, Luling, TX* 

Fed Reg – 09/07/2001 

Newspaper – 08/11/2001 

Fed Reg – 09/07/2001 

Newspaper – 08/11/2001 

Fed Reg – 09/04/2001 

Newspaper – 09/10/2001 

Fed Reg – 09/18/2001 

Newspaper – 09/06/2001 

Fed Reg – 09/28/2001 

Newspaper – N/Avail 

Fed Reg – 09/28/2001 

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

Ending date of 

Type Application comment period 

3(a)(1) Luling Bancshares, Inc., Luling, TX, to acquire Luling Delaware 

Financial Corporation, Dover, DE, and Citizens State Bank of 

Luling, Luling, TX* 

Fed Reg – 09/28/2001 

Newspaper – N/Avail 

3(a)(1) Luling Delaware Financial Corporation, Dover, DE, to acquire 

Citizens State Bank of Luling, Luling, TX* 

Fed Reg – 09/28/2001 

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 

S/R Notice by FCT Bancshares, Inc., Waco, TX, to repurchase 

2,125.5 shares of its common stock 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, September 1, 2001 

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)(5) Greater Bay Bancorp, Palo Alto, California, to merge with SJNB Newspaper – 09/29/2001 

Financial Corp., and thereby acquire its subsidiary bank, San Fed Reg – 09/28/2001 

Jose National Bank, both of San Jose, California.* 

* 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 

3(a)(5)(C) FNB Bancorp to become a bank holding company through a 

corporate reorganization involving First National Bank of 

Northern California, both of South San Francisco, California. 

Member Business Bank of California, San Bernardino, California, to 

become a member of 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. 

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