Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 15

Week Ending April 11, 1998

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions April 5, 1998 to April 11, 1998

Board Operations

Division of Consumer and Community Affairs -- appointment of Dolores Smith as 

Division Director, and promotion of Glenn E. Loney to Deputy Director and 

Adrienne D. Hurt and Sandra F. Braunstein as Assistant Directors.

- Announced, April 7, 1998 

Forms

Bank Holding Company Reporting Requirements (FR Y-9C, FR Y-9LP, FR Y-9SP, 

FR Y-11Q, and FR Y-11I)) -- extension, with revision.

- Approved, April 2, 1998 (AC)

Regulations And Policies

Basle Committee on Banking Supervision -- request for comment on amendments to 

the Accord to reduce risk weight for claims and setting forth principles governing onbalance-sheet netting for capital purposes.

- Announced, April 8, 1998 

Reserve Bank Services

Fedwire securities transfer service -- decision not to implement an earlier opening 

time and to permit an optional transfer reversal feature (Docket R-0866).

- Approved, April 7, 1998 

(AC) = Addition or Correction Board - Page 1 of 1
April 5, 1998 to April 11, 1998

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

American Bank of Montana, Bozeman, Montana -- to establish a branch in 

Whitefish, Montana.

- Approved, April 10, 1998 

Minneapolis

Canadian State Bank, Yukon, Oklahoma -- to establish a branch at 3 South Flint 

Street.

- Approved, April 10, 1998 

Kansas City

Citizens Bank, Flint, Michigan -- to establish a branch at 5050 Marsh Road, Suite 1, 

Okemos, Michigan.

- Approved, April 7, 1998 

Chicago

NAB Bank, Chicago, Illinois -- to establish a branch at 665 Pasquinelli Drive, Unit 

B104, Westmont, Illinois.

- Approved, April 7, 1998 

Chicago

Northern Trust Company, Chicago, Illinois -- to establish branches at 4 North 

Washington Street, Hinsdale; and 2550 Waukegan Road, Glenview, Illinois.

- Approved, April 10, 1998 

Chicago

Onsted State Bank, Onsted, Michigan -- to establish a branch at 4577 U.S. 12.

- Approved, April 10, 1998 

Chicago

BANK HOLDING COMPANIES

America's First Bancorp, Washington, D.C. -- to acquire America's First Bank, 

National Association.

- Approved, April 8, 1998 

Richmond

(AC) = Addition or Correction Delegated - Page 1 of 9
H.2 Actions under delegated authority April 5, 1998 to April 11, 1998

BANK HOLDING COMPANIES

Bankers Trust New York Corporation, New York, New York -- to acquire BT Alex 

Brown Incorporated, and the cash equity business of NatWest Securities 

Corporation, and engage in various securities activities.

- Permitted, April 6, 1998 

New York

Bankers Trust New York Corporation, New York, New York -- exemption for 

Greenwood Properties Corporation, an indirect subsidiary of BTNY from the 

Board's appraisal regulation

- Granted, April 8, 1998 

Director, BS&R

BOC Financial Corp., Landis, North Carolina -- to acquire Bank of the Carolinas.

- Approved, April 9, 1998 

Richmond

Citizens & Northern Corporation, Wellsboro, Pennsylvania -- to acquire up to 9.9 

percent of First National Bank of Canton, Canton, Pennsylvania.

- Approved, April 10, 1998 

Philadelphia

Community Banks of Florida, Inc., Naples, Florida -- to acquire Community Bank of 

Naples, N.A.

- Approved, April 7, 1998 

Atlanta

Cullen/Frost Bankers, Inc., San Antonio, Texas -- to merge with Overton 

Bancshares, Inc., Fort Worth, Texas, and acquire Overton Bancorporation and 

Overton Bank and Trust, N.A.; and New Galveston Company, San Antonio, Texas, 

to merge with Overton Bancorporation and thereby acquire Overton Bank.

- Approved, April 10, 1998 

Secretary

Cumberland Bancorp, Inc., Carthage, Tennessee -- to acquire Bank of Mason, 

Mason, Tennessee.

- Approved, April 7, 1998 

Atlanta

(AC) = Addition or Correction Delegated - Page 2 of 9
H.2 Actions under delegated authority April 5, 1998 to April 11, 1998

BANK HOLDING COMPANIES

Exchange State Bank Corp., Carsonville, Michigan -- to acquire Exchange State 

Bank.

- Approved, April 10, 1998 

Chicago

First Chicago, NBD Corporation, Chicago, Illinois -- to acquire Roney & Co., 

L.L.C., Detroit, Michigan, and engage in underwriting and dealing in debt and 

equities securities, investment advisory services, and securities brokerage activities, 

riskless principal, private placement, and other transactional services.

- Permitted, April 9, 1998 

Secretary

First Citizens Banc Corp, Sandusky, Ohio -- to acquire Farmers State Bank of New 

Washington, New Washington, Ohio.

- Approved, April 7, 1998 

Cleveland

Firstand Company, Hordville, Nebraska -- to acquire First State Bank.

- Approved, April 7, 1998 

Kansas City

J.P. Morgan & Co., Incorporated, New York, New York -- to acquire securities of 

Summit Acceptance Corporation, Dallas, Texas, and engage in lending activities and 

in collection and marketing services.

- Permitted, April 9, 1998 

New York

Mid-America Bancorp, Inc., Jewell, Kansas -- to acquire Heartland Bank.

- Approved, April 10, 1998 

Kansas City

N.A. Corporation, Roseville, Minnesota -- to acquire North American Banking 

Company.

- Returned, April 10, 1998 

Minneapolis

(AC) = Addition or Correction Delegated - Page 3 of 9
H.2 Actions under delegated authority April 5, 1998 to April 11, 1998

BANK HOLDING COMPANIES

Neighborhood Bancorp, San Diego, California -- to engage de novo through 

Neighborhood Housing Development Corporation in community development 

activities.

- Permitted, April 10, 1998 

San Francisco

Norwest Corporation, Minneapolis, Minnesota -- to acquire CheckFree Corporation, 

Norcross, Georgia, and engage in data processing and data transmission services.

- Permitted, April 6, 1998 

Secretary

Norwest Corporation, Minneapolis, Minnesota -- to engage in residential mortgage 

lending through establishment of Forecast Home Mortgage LLC, Los Angeles, 

California.

- Permitted, April 7, 1998 

Secretary

Panhandle Aviation, inc., Clarinda, Iowa -- waiver of application to acquire Security 

Bancshares, Inc., Shenandoah, Iowa, and Security Trust & Savings Bank.

- , April 6, 1998 

Chicago

Shorebank Corporation, Chicago, Illinois -- to acquire Shorebank Detroit 

Corporation, Detroit, Michigan, and Shorebank.

- Approved, April 9, 1998 

Chicago

Shorebank Detroit Corporation, Detroit, Michigan -- to acquire ShoreBank.

- Approved, April 9, 1998 

Chicago

Texas United Bancshares, Inc., La Grange Texas -- to acquire Premier Bancshares, 

Inc., La Grange, and South Central Texas Bancshares, Inc., Flatonio, Texas.

- Approved, April 9, 1998 

Dallas

(AC) = Addition or Correction Delegated - Page 4 of 9
H.2 Actions under delegated authority April 5, 1998 to April 11, 1998

BANK HOLDING COMPANIES

Union n Planters Corporation, Memphis, Tennessee -- request for waiver of 

application to acquire, through merger, CB&T, Inc., McMinnville, Tennessee.

- Granted, April 10, 1998 

St. Louis

Bank Mergers

American Bank of Montana, Bozeman, Montana -- to merge with American Bank 

(Whitefish), Whitefish, Montana.

- Approved, April 10, 1998 

Minneapolis

Fifth Third Bank of Central Kentucky, Inc., Paris, Kentucky -- to acquire two 

branches of The Fifth Third Bank of Kentucky, Inc., Louisville, Kentucky, and to 

establish branches.

- Approved, April 9, 1998 

Cleveland

Fifth Third Bank of Kentucky, Inc., Louisville, Kentucky -- to acquire through 

merger Fountain Square Bank of Southern Indiana, Clarksville, Indiana, and to 

establish branches.

- Approved, April 9, 1998 

Cleveland

Fountain Square Bank of Southern Indiana, Sellersburg, Indiana -- to acquire 

through merger The Fifth Third Bank of Central Kentucky, Inc., Paris, Kentucky.

- Approved, April 9, 1998 

Cleveland

ShoreBank, Detroit, Michigan -- to acquire certain assets and certain liabilities of 

Omnibank, River Rouge, Michigan, and establish branches.

- Approved, April 9, 1998 

Chicago

(AC) = Addition or Correction Delegated - Page 5 of 9
H.2 Actions under delegated authority April 5, 1998 to April 11, 1998

Banks, State Member

First American Trust Company of Minnesota, St. Cloud, Minnesota -- registration as 

transfer agent.

- Withdrawn, April 10, 1998 

Director, BS&R

CHANGE IN BANK CONTROL

Altamaha Bancshares, Inc., Uvalda, Georgia -- change in bank control.

- Permitted, April 7, 1998 

Atlanta

Community Bancshares of Alva, Inc., Alva, Oklahoma -- change in bank control.

- Permitted, April 7, 1998 

Kansas City

Community Bancshares, Inc., Blountsville, Alabama -- change in bank control.

- Permitted, April 9, 1998 

Atlanta

Competitive Factors Reports

American National Bank, Omaha, Nebraska -- reprot on competitive factors of the 

proposed merger with American National Bank of Sarpy County, Papillion; 

American National Bank, Nebraska Cuity; and Fairbury State Bank, Fairbury, 

Nebraska.

- Submitted, April 7, 1998 

Kansas City

American State Bank, Lubbock, Texas -- report on competitive factors of the 

proposed merger with Security State Bank, Abilene, Texas.

- Submitted, April 9, 1998 

Dallas

Baltimore Savings and Loan Association, FA, Pikesville, Maryland -- report on 

competitive factors of the proposed merger with Baltimore Interim Federal Savings 

and Loan Association.

- Submitted, April 6, 1998 

Richmond

(AC) = Addition or Correction Delegated - Page 6 of 9
H.2 Actions under delegated authority April 5, 1998 to April 11, 1998

Competitive Factors Reports

Blue River Bancshares, Inc., Shelbyville, Indiana -- report on competitive factors of 

the proposed merger with Shelby County Bancorp, Shelbyville, Indiana.

- Submitted, April 9, 1998 

Chicago

Chesapeake Bank of Maryland, Baltimore, Maryland -- report on competitive factors 

of the proposed merger with Interim Two Savings Bank, F.S.B.

- Submitted, April 9, 1998 

Richmond

Citizens Financial Services, FSB, Munster, Indiana -- report on competitive factors 

of the proposed purchase of assets and assumption of liabilities of a branch of 

American Savings, FSB.

- Submitted, April 9, 1998 

Chicago

First Bank Katy, National Association, Katy, Texas -- report on proposed merger 

with Norwest Interim Bank Katy, National Association.

- Submitted, April 6, 1998 

Dallas

First of America Bank, National Association, Kalamazoo, Michigan -- report on 

competitive factors of the proposed merger with First of America Bank-Illinois, 

National Association, Bannockburn, Illinois.

- Submitted, April 9, 1998 

Chicago

Fort Wayne National Bank, Fort Wayne, Indiana -- report on competitive factors of 

the proposed merger with The Auburn State Bank, Auburn; Old-First National Bank 

in Bluffton, Bluffton; Churubusco State Bank, Churubusco; First National Bank of 

Huntington, Huntington; Valley American Bank & Trust Company, South Bend; and 

First National Bank of Warsaw, Warsaw, with National City Bank of Indiana, 

Indianapolis, Indiana.

- Submitted, April 8, 1998 

Cleveland

(AC) = Addition or Correction Delegated - Page 7 of 9
H.2 Actions under delegated authority April 5, 1998 to April 11, 1998

Competitive Factors Reports

National City Bank of Indianapolis, Indiana -- report on competitive factors of the 

proposed purchase of the assets and assumption of the liabilities of 45 Indiana 

branches of First of America Bank, N.A., Kalamazoo, Michigan.

- Submitted, April 8, 1998 

Cleveland

Norwest Bank New Mexico, N.A., Albuquerque, New Mexico -- report on 

competitive factors of the proposed merger with Norwest Bank New Mexico 

Northeast, N.A., Tucumacari, New Mexico.

- Submitted, April 7, 1998 

Kansas City

Peoples Bank of Belleville, Belleville, Kansas -- report on competitive factors of the 

proposed merger with The Exchange Bank of Clyde, Clyde, Kansas.

- Submitted, April 7, 1998 

Kansas City

Three Rivers Bank and Trust Company, Jefferson, Pennsylvania -- report on 

competitive factors of the proposed acquisition of the assets and assumption of the 

liabilities of two branches of National City Bank, Pennsylvania, Pittsburgh, 

Pennsylvania.

- Submitted, April 8, 1998 

Cleveland

Extensions Of Time

Mt. Diablo Bancshares, Danville, California -- extension to Ju.ly 30, 1998, to acquire 

Mt. Diablo National Bank. 

- Granted, April 9, 1998 

San Francisco

Membership

Bank of Inola, Inola, Oklahoma -- to become a member of the Federal Reserve 

System.

- Approved, April 9, 1998 

Kansas City

(AC) = Addition or Correction Delegated - Page 8 of 9
H.2 Actions under delegated authority April 5, 1998 to April 11, 1998

Membership

Fifth Third Bank of Central Kentucky, Inc., Paris, Kentucky -- to become a member 

of the Federal Reserve System.

- Approved, April 9, 1998 

Cleveland

Fountain Square Bank of Southern Indiana, Clarksville, Indiana -- to become a 

member of the Federal Reserve System.

- Approved, April 9, 1998 

Cleveland

James Monroe Bank, Arlington, Virginia -- to become a member of the Federal 

Reserve System.

- Approved, April 8, 1998 

Richmond

ShoreBank, Detroit, Michigan -- to become a member of the Federal Reserve System.

- Approved, April 9, 1998 

Chicago

Regulations And Policies

Federal Open Market Committee -- minutes of the meeting on February 3-4, 1998.

- Published, April 2, 1998 (AC)

FOMC

(AC) = Addition or Correction Delegated - Page 9 of 9
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week of April 11, 1998 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled 2nd Quarter of 1998

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Notice by Societe Generale, Paris, France, to acquire certain assets 04/24/98

and assume substantially all of the liabilities of Cowen & Co., and

Cowen Incorporated, both of New York, New York, and thereby

engage in the following nonbanking activities: (i) underwriting and

dealing in government obligations and money market instruments;

(ii) investing and trading activities; (iii) agency transactional

services; (iv) financial and investment advisory activities; (v)

extending credit; (vi) activities related to extending credit; (vii)

providing fiduciary services; and (viii) providing cash management

services.

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

284408 First State Bank 11/3/97 04/09/98 Outstanding Small Bank

3 Main Street 

Canisteo, NY 14823 

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(3) Juniata Valley Financial Corp., Mifflintown, PA, to acquire Newspaper - 5/3/98

Lewistown Trust Company, Lewstown, PA. Fed Reg - 5/4/98

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and Notifications Filed During the Week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(3) Received application from FNB Corporation, Hermitage, PA on Newspaper - N/Avail

April 1, 1998, to acquire Southwest Interim Bank No. 4 which

will operate for 44-60 days as Seminole Bank, N.A., whereupon it

will be merged into First National Bank of Florida, Largo, FL.

3(a)(1) Received application from The Peoples Holding Company, Inc., Fed Reg - 5/1/98

Coldwater, OH on April 1, 1998, to acquire The Peoples Bank

Co., Coldwater, OH.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

None
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

None

Section VI - CRA examinations scheduled 2nd Quarter of 1998

Institution Location

Citizens Deposit Bank & Trust P.O. Box 9, 400 Second Street, Vanceburg, KY 41179-0009

Enterprise Bank 6150 Enterprise Parkway, Solon, OH 44139

Farmers Bank & Savings Company P.O. Box 626, 211 W. 2nd Street, Pomeroy, OH 45769-1037

Heartland Bank P.O. Box 7, 12 N. Main Street, Croton, OH 43013-0007

The Citizens Banking Company P.O. Box 247, 10 E. Main Street, Salineville, OH 43945-0247

The St. Henry Bank P.O. Box 330, 231 E. Main Street, St. Henry, OH 45883

Towne Bank 610 East South Boundary, Perrysburg, OH 43551
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) Atlantic Bank, Ocean City, Maryland, to acquire five branch 5/6/98

offices of Bank of Maryland, Towson, Maryland, located in

Bishopville, Crisfield, Federalsburg, Princess Anne, and

Salisbury, Maryland.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(5) MainStreet BankGroup Incorporated, Martinsville, Virginia, Fed Reg - 5/4/98

to acquire Ballston Bancorp, Inc., Washington, D. C.* Newspaper - N/Avail

*Subject to provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Wachovia Corporation, Winston-Salem, North Carolina, to N/Avail

engage in Section 20 activities.

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

Type Application comment period

Ending date of 

4(c)(8) First Union Corporation, Charlotte, North Carolina, to engage

in the business of financial and investment advisory activities

through the acquisition of Bowles Hollowell Conner & Co.,

Charlotte, North Carolina.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

in May 1995.

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

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

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

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

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

824121 The Marine Bank 2/2/98 4/10/98 Satisfactory Small Bank

6395 Maddox Boulevard

Chincoteague, Virginia 23336

491822 The Bank of Gassaway 2/2/98 4/10/98 Satisfactory Small Bank

700 Elk Street

Gassaway, West Virginia 26624

979424 Highlands Union Bank 2/9/98 4/12/98 Satisfactory Small Bank

340 West Main Street

Abingdon, Virginia 24210-2624

785624 Piedmont Trust Bank 11/17/97 4/12/98 Satisfactory Large Bank

1 Ellsworth Street

Martinsville, Virginia 24115

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) Colonial Bank, Montgomery, Alabama, to merge with Commercial 05/07/98

Bank of Nevada, Las Vegas, Nevada.*

Branch The Bank of Nashville, Nashville, Tennessee, to establish a branch 05/01/98

located at 100 Maple Drive North, Hendersonville, Tennessee.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(5) Valley National Corporation, Lanett, Alabama, to merge with First Fed Reg - 05/04/98

National Sylacauga Corporation, Sylacauga, Alabama, and thereby

directly acquire First National-America’s Bank, Sylacauga, 

Alabama.*

3(a)(1) United Community Bancshares, Inc., to become a bank holding N/Avail

company by acquiring United Community Bank, both of Gonzales,

Louisiana.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

COM Riverside Gulf Coast Banking Company, Cape Coral, Florida,

commitment waiver request.

4(c)(8) SunTrust Banks, Inc., Atlanta, Georgia, to establish SunTrust

Community Development Corporation, Atlanta, Georgia, and thereby

engage de novo in community development activities.

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Liberty Bank Newspaper - 4/15/98

Milwaukee, Wisconsin

 15505 West National Avenue

 New Berlin, Wisconsin

18(c)/Branch Johnson Bank (formerly Heritage Bank and Trust) Newspaper - 5/11/98

Racine, Wisconsin

 Bank of Fort Atkinson

 Fort Atkinson, Wisconsin

 200 W. Sherman Avenue

 Fort Atkinson, Wisconsin

Newspaper - Newspaper Comment Period Ending Date

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

Type Application comment period

Ending date of 

3(a)(1) Charcompany, Inc.* Fed Reg - 5/4/98

Birmingham, Michigan Newspaper - 4/27/98

 Warren Bank (in organization)

 Warren, Michigan

3(a)(3) Amtrust, Inc.* Fed Reg - 5/8/98

Dubuque, Iowa Newspaper - 5/2/98

 Cuba City State Bank

 Cuba City, Wisconsin

3(a)(3) Heartland Financial USA, Inc.* Fed Reg - N/Avail

Dubuque, Iowa Newspaper - 2/27/98

 New Mexico Bank & Trust (in organization)

 Albuquerque, New Mexico

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not available at this time

*Subject to the provisions of the Community Reinvestment Act.
Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None
Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Notice by The Callaway Bank, Fulton, Missouri, to establish 4/21/98

a branch at the northwest corner of Forum and Chapel Hill roads,

Columbia, Missouri.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

CIC Notice involving Marked Tree Bancshares, Inc., Marked Tree, N/Avail

Arkansas, by Helen D. Brunner.

CIC Notice involving HBancorporation, Inc., Lawrenceville, Illinois, N/Avail

by Kevin John Kavanaugh.

3(a)(3) Notice by Security State Bancshares, Inc., Charleston, Missouri, Newspaper - 5/8/98

to acquire Bank of Atkins, Atkins, Arkansas (previously reported

during the week of March 30, 1998).*

3(a)(5) Notice by Guaranty Capital Corporation, Belzoni, Mississippi, to N/Avail

acquire Hollandale Capital Corporation, Hollandale, Mississippi.*

3(a)(3) Notice by Southern Development Bancorporation, Inc., N/Avail

Arkadelphia, Arkansas, to acquire First Delta Corporation,

Helena, Arkansas.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

134848 Teutopolis State Bank 1/15/98 4/10/98 Satisfactory Small Bank

Teutopolis, Illinois

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and Notifications Filed During the Week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(1) Lino Lakes Banc Shares, Inc., Forest Lake, Minnesota, for prior Fed Reg - 4/27/98

approval to become a bank holding company through the

acquisition of 100% of the voting shares of Lino Lakes State

Bank, Lino Lakes, Minnesota, a de novo bank.*

3(a)(3) Norwest Corporation, Minneapolis, Minnesota, for prior approval Fed Reg - 5/8/98

to acquire 100% of the voting shares of Mountain Bancshares,

Inc., Newport, Minnesota.*

CIC David Hyduke Revocable Trust to acquire control of 40.5% of the Fed Reg - 4/30/98

voting shares of Duke Financial Group, Inc., Minneapolis,

Minnesota.

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of

None

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

0374653 First PREMIER Bank 11/24/97 4/6/98 Satisfactory Small Bank

Sioux Falls, South Dakota

2474315 Northland Security Bank 12/29/97 4/8/98 Satisfactory Small Bank

Ramsey, Minnesota

Section VI - CRA examinations scheduled 2nd Quarter of 1998

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Bank Capital Corporation, Strasburg, Colorado, for prior approval Fed Reg - 04/29/98

to acquire Bank Capital Mortgage, LLC, Strasburg, Colorado; and

thereby indirectly engage in extending credit and servicing loans

activities.

4(c)(8) Giltner Investment Partnership II, Ltd., Omaha, Nebraka; to Fed Reg - 04/24/98

acquire Avoca Company, Avoca, Nebraska, and thereby indirectly

engage in the sale of general insurance in small towns.

4(c)(8) Southeast Capital Corp. ESOP, Idabel, Oklahoma, and Southeast Fed Reg - 04/28/98

Capital Corp., Idabel, Oklahoma, for prior approval to engage in

community development activities through the leasing of real

property to the State of Oklahoma.

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

Description of the CRA Goal against which institutions are evaluated, the four performance levels, and the

institutions for which an evaluation is publicly available.

The CRA requires a periodic evaluation of each covered institution regarding the extent to which it has ascertained,

and helped meet, the credit needs of its entire delineated community, including low- and moderate-income

neighborhoods, in a manner consistent with its resources and capabilities.

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

CRA.:

Outstanding

Satisfactory

Needs to Improve

Substantial noncompliance

RSSD Examination CRA CRA

number Institution/ Location date public date rating

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

188551 Minden Bank & Trust Company 9/29/97 4/13/98 Satisfactory Small Bank

401 Main Street

Minden, LA 71055

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and Notifications Filed During the Week of April 11, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(3) First Security Corporation, Salt Lake City, Utah, to acquire Newspaper - N/Avail

California State Bank, Covina, California.* Fed Reg - 4/30/98

3(a)(3) InterWest Bancorp, Inc., Oak Harbor, Washington, to acquire Newspaper - 5/03/98

Pacific Northwest Bank, Seattle, Washington.* Fed Reg - N/Avail

3(a)(5) InterWest Bancorp, Inc., Oak Harbor, Washington, to acquire Newspaper - 5/03/98

Pioneer Bancorp, Inc., Yakima, Washington.* Fed Reg - N/Avail

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

3(a)(5) USDB Bancorp, Stockton, California, to become a bank holding 

company by acquiring Union Safe Deposit Bank, Stockton,

California.
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

657365 Hanmi Bank 12/08/97 4/07/98 Satisfactory X

3660 Wilshire Boulevard

Penthouse A

Los Angeles, CA 90010-2706

(213) 620-0747

933975 Bank of Utah 12/08/97 4/07/98 Satisfactory X

2605 Washington Boulevard

Ogden, UT 84401-3613

(801) 625-3500

Footnotes: 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 2nd Quarter of 1998

Institution Location

None