Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 5

Week Ending January 30, 1999

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions January 24, 1999 to January 30, 1999

Testimony And Statements

Social security -- statement by Chairman Greenspan before the Senate Committee on 

the Budget, January 28, 1999.

- Published, January 28, 1999 

Bank Holding Companies

First Security Corporation, Salt Lake City, Utah -- to acquire Van Kasper & 

Company, San Francisco, California, and engage in underwriting and dealing in, to a 

limited extent, certain types of debt and equity securities and certain other 

nonbanking activities.

- Approved, January 25, 1999 

(AC) = Addition or Correction Board - Page 1 of 1
January 24, 1999 to January 30, 1999

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

Bank of Hampton Roads, Chesapeake, Virginia -- to establish a branch at 1316 

North Great Neck Road, Virginia Beach, Virginia.

- Approved, January 27, 1999 

Richmond

Colonial Bank, Montgomery, Alabama -- to establish branches at 4312 Manatee 

Avenue West, Bradenton, Florida, and 8706 West Hillsborough Avenue, Tampa, 

Florida.

- Approved, January 25, 1999 

Atlanta

Old Kent Bank, Grand Rapids, Michigan -- to establish a branch at Farmer Jack 

Supermarket, 64660 VanDyke, Romeo, Michigan.

- Approved, January 29, 1999 

Chicago

Summit Bank, Bethlehem, Pennsylvania -- to establish branches at Genuardi's Family 

Markets, Germantown Pike & Route 202, Norristown, Pennsylvania; 4275 County 

Line Road, Chalfont; Old Bethlehem Pike & Moore Road, Spring House; and 1844 

Bethlehem Pike, Flourtown.

- Approved, January 22, 1999 (AC)

Philadelphia

Summit Bank, Hackensack, New Jersey -- to establish branches at Pathmark 

Supermarket, 471-79 Lyons Avenue, Irvington, New Jersey, and 1278 Route 22, 

Phillipsburg.

- Approved, January 25, 1999 

New York

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 665 Holcomb Bridge 

Road, Roswell, Georgia, to be known as the Roswell Village Publix Branch.

- Approved, January 21, 1999 (AC)

Atlanta

(AC) = Addition or Correction Delegated - Page 1 of 7
H.2 Actions under delegated authority January 24, 1999 to January 30, 1999

Bank Holding Companies

CBCC, Inc., West Chester, Pennsylvania -- to acquire Community Bank of Chester 

County, Exton, Pennsylvania.

- Approved, January 25, 1999 

Philadelphia

Cornerstone Bancorp, Inc., Stamford, Connecticut -- to acquire Cornerstone Bank.

- Approved, January 27, 1999 

New York

Durant Bancorp, Inc., Durant, Oklahoma -- to acquire Security National Bancshares 

of Sapulpa, Inc., Sapulpa, Oklahoma, and Security National Bank of Sapulpa.

- Approved, January 27, 1999 

Kansas City

First Commerce Bancshares of Colorado, Colorado Springs, Colorado -- to acquire 

First Commerce Bank, N.A.

- Approved, January 26, 1999 

Kansas City

First Commerce Bancshares, Inc., Lincoln, Nebraska -- to acquire First Commerce 

Bancshares of Colorado, Colorado Springs, Colorado, and First Commerce Bank, 

N.A.

- Approved, January 26, 1999 

Kansas City

Greenville Community Financial Corporation, Greenville, Michigan -- to acquire 

Greenville Community Bank.

- Approved, January 28, 1999 

Chicago

Merit Holding Company, Tucker, Georgia -- to acquire Source Capital Group I, Inc., 

Atlanta, Georgia, and engage in leasing personal or real property.

- Approved, January 29, 1999 

Atlanta

(AC) = Addition or Correction Delegated - Page 2 of 7
H.2 Actions under delegated authority January 24, 1999 to January 30, 1999

Bank Holding Companies

O.A.K. Financial Corporation, Byron Center, Michigan -- to acquire Dornbush 

Insurance Agency, Inc., Hudsonville, Michigan, and engage in insurance agency 

activities in a town with a population less than 5000.

- Approved, January 29, 1999 

Chicago

South Plains Financial, Inc., Lubbock, Texas, and South Plains Delaware Financial 

Corporation, Dover, Delaware -- to acquire ARC Check Cashing, Inc., Lubbock, 

Texas, and engage in check cashing services, wire transmission services, bill payment 

services, issuing and selling consumer payment instruments, credit and credit-related 

activities, government services distribution (such as selling postage and public 

transportation tickets and providing vehicle registration and notary public services), 

and incidental activities. 

- Approved, January 27, 1999 

Dallas

Wells Fargo & Company, San Francisco, California -- to acquire Mercantile Financial 

Enterprises, Inc., Brownsville, Texas, and Mercantile Bank, N.A.

- Approved, January 27, 1999 

San Francisco

Bank Mergers

Union Bank & Trust Company, Bowling Green, Virginia -- to merge with King 

George State Bank, King George, Virginia.

- Approved, January 28, 1999 

Richmond

Change In Bank Control

Jones National Corporation, Seward, Nebraska -- change in bank control.

- Permitted, January 27, 1999 

Kansas City

(AC) = Addition or Correction Delegated - Page 3 of 7
H.2 Actions under delegated authority January 24, 1999 to January 30, 1999

Competitive Factors Reports

Bank of Oklahoma, N.A., Tulsa, Oklahoma -- report on competitive factors of the 

proposed acquisition of assets and assumption of liabilities of First National Bank 

and Trust Company of Muskogee, Muskogee, Oklahoma.

- Submitted, January 25, 1999 

Kansas City

CIB Bank, Hillside, Illinois -- report on competitive factors of the proposed 

acquisition of two branches of Park National Bank and Trust of Chicago, Chicago, 

Illinois.

- Submitted, January 26, 1999 

Chicago

First Bank of Idaho, Ketchum, Idaho -- report on competitive factors of the 

proposed merger with Interim First Bank of Idaho.

- Submitted, January 27, 1999 

San Francisco

First Federal Bankshares, MHC, Sioux City, Iowa -- report on competitive factors of 

the proposed acquisition of First Federal of Mid-Iowa Financial Corp., Newton, 

Iowa.

- Submitted, January 26, 1999 

Chicago

First National Bank of Shelby, Shelby, North Carolina -- report on competitive 

factors of the proposed merger with First Carolina Federal Savings Bank, Kings 

Mountain, North Carolina.

- Submitted, January 28, 1999 

Richmond

Grant National Bank, Euphrata, Washington -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of the Moses Lake, 

Washington, branch of United Security Bank, Spokane.

- Submitted, January 29, 1999 

San Francisco

(AC) = Addition or Correction Delegated - Page 4 of 7
H.2 Actions under delegated authority January 24, 1999 to January 30, 1999

Competitive Factors Reports

Heritage Bank of Central Illinois, Trivoli, Illinois -- report on competitive factors of 

the proposed purchase of assets and assumption of liabilities of the Peoria, Illinois, 

branch of Norwest Bank Illinois, National Association, Galesburg.

- Submitted, January 26, 1999 

Chicago

Hillsdale County National Bank, Hillsdale, Michigan -- report on competitive factors 

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

Michigan, branch of Citizens Bank, Flint.

- Submitted, January 29, 1999 

Chicago

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

competitive factors of the proposed merger with First Bank of Grants, N.A., Grants, 

New Mexico.

- Submitted, January 29, 1999 

San Francisco

Norwest Bank Texas, N.A., San Antonio, Texas -- report on competitive factors of 

the proposed merger with First National Bank of Missouri City, Missouri City, Texas.

- Submitted, January 29, 1999 

San Francisco

NSS Bank, Norwalk, Connecticut -- report on competitive factors of the proposed 

acquisition of New Canaan Bank and Trust Company, New Canaan, Connecticut.

- Submitted, January 28, 1999 

New York

Tompkins State Bank, Avon, Illinois -- report on competitive factors of the proposed 

purchase of assets and assumption of liabilities of the Avon and Abington, Illinois, 

branches of First Bank, Creve Coeur, Missouri.

- Submitted, January 26, 1999 

Chicago

(AC) = Addition or Correction Delegated - Page 5 of 7
H.2 Actions under delegated authority January 24, 1999 to January 30, 1999

Extensions Of Time

Bluestem Bank Holding Company, L.L.C., Sioux Falls, South Dakota -- extension to 

May 6, 1999, to increase its ownership interest in Thompson Holdings, Inc., 

Centerville, South Dakota.

- Granted, January 29, 1999 

Minneapolis

Citizens Bank & Trust Company, Van Buren, Arkansas -- extension to April 30, 

1999, to establish a branch at 4 Northridge Drive.

- Granted, January 28, 1999 

St. Louis

Employee Stock Ownership Trust of Peoples Bank and Trust Co. of Pickett County, 

Byrdstown, Tennessee -- extension to April 29, 1999, to acquire shares of Upper 

Cumberland Bancshares, Inc.

- Granted, January 29, 1999 

Atlanta

Northwest Bancorporation, Inc., Houston, Texas -- extension to February 15, 1999, 

to acquire Redstone Bancorporation, Inc. and Redstone Bank, N.A.

- Granted, January 29, 1999 

Dallas

Redstone Bancorporation, Inc., Houston, Texas -- extension to February 15, 1999, 

to acquire Redstone Bank, N.A.

- Granted, January 29, 1999 

Dallas

Republic Security Bank, West Palm Beach, Florida -- extension to May 9, 1999, to 

merge with Northside Bank of Tampa, Tampa, Florida.

- Granted, January 29, 1999 

Atlanta

(AC) = Addition or Correction Delegated - Page 6 of 7
H.2 Actions under delegated authority January 24, 1999 to January 30, 1999

International Operations

Fleet National Bank, Providence, Rhode Island -- to establish Fleet Capital 

International Inc. and make an investment in Sanwa Business Credit (UK) Ltd., 

London, England.

- Approved, January 29, 1999 

Secretary

Enforcement

First Utah Bank, Salt Lake City, Utah -- written agreement dated January 28, 1999, 

with the Federal Reserve Bank of San Francisco.

- Approved, January 28, 1999 

San Francisco

(AC) = Addition or Correction Delegated - Page 7 of 7
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch European American Bank, Uniondale, New York, to establish a

branch at Waldbaums Supermarket, 1141 Richmond Avenue,

Staten Island, New York.*

Newspaper – 02/23/1999

FBSEA Banco de la Ciudad de Buenos Aires, Buenos Aires, Argentina,

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

Newspaper – N/Avail

FBSEA Moscow Narodny Bank, London, England, to establish a

representative office in New York, New York.

Newspaper – N/Avail

FBSEA Caixa Geral de Depositos, Lisbon, Portugal, to establish a

branch in 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

Type Application

Ending date of

comment period

3(a)(1)/4(c)(8) Deutsche Bank AG, Frankfurt am Main, Federal Republic of

Germany, to become a bank holding company by acquiring 100

percent of the shares of Bankers Trust Corp., New York, New

York (“BT”), and as a result, acquire the nonbanking

subsidiaries of BT.*

Newspaper – N/Avail

Fed Reg – 03/01/1999

3(a)(3) The Fuji Bank, Tokyo, Japan, to acquire additional voting shares

of The Yasuda Trust & Banking Co., Ltd., Tokyo, Japan,

thereby controlling more than a majority of the voting shares.*

Newspaper – N/Avail

Fed Reg – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) National Westminster Bank Plc, London, England, to engage de

novo in certain data processing and related activities through a

proposed subsidiary, XCo, LLC.

Fed Reg – 02/09/1999
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Fortis (B), Brussels, Belgium, Fortis (NL) N.V., Utrecht,

Netherlands, Fortis SA/NV, Brussels, Belgium, and Generale de

Banque, Brussels, Belgium, to engage de novo, through

Generale (USA) Finance LLC, New York, New York, in

(1) extending credit and servicing loans and (2) leasing personal

or real property, and to engage de novo, through Generale

(USA) Financial Markets LLC, New York, New York, in

(1) investing and trading activities and (2) buying and selling,

and related activities.

Fed Reg – 02/17/1999

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None
Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Main Street Bank, Reading, PA, to establish six (6) branch

offices in the County of Chester, PA, on the existing

properties located at the following: Cypress & Lafayette

Streets, Kennett Square, PA, 124 Main Street,

Phoenixville, PA, 100 Exton Commons, Exton, PA, 144

East Lancaster Avenue, Devon, PA, 102 Pennsylvania

Avenue, Avondale, PA, 3719 East Lincoln Highway,

Thorndale, PA.

02/05/1999

Branch Main Street Bank, Reading, PA, to establish a branch

office on the existing property located at 183 MacArthur

Road, Reading, County of Berks, PA

02/12/1999

18(c) First National Bank of Jermyn, Jermyn PA, to merge with

NBO National Bank, Olyphant, PA. The merger will result

in the surviving bank changing it's name to First Liberty

Bank & Trust, Jermyn, PA, and becoming a member of the

Federal Reserve System, pursuant to section 18(c) of the

Federal Deposit Insurance Act.

N/Avail

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

Member First National Bank of Jermyn, Jermyn PA, to merge with

NBO National Bank, Olyphant, PA. The merger will result

in the surviving bank changing it's name to First Liberty

Bank & Trust, Jermyn, PA, and becoming a member of the

Federal Reserve System, pursuant to section 9 of the

Federal Reserve Act.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) First Community Financial Corporation, Burlington, North

Carolina, to become a bank holding company through the

acquisition of 100% of the voting shares of Community

Savings Bank, Inc., SSB, Burlington, North Carolina .*

Fed Reg – 03/01/1999

Newspaper – N/Avail

3(a)(3) Carolina First Corporation, Greenville, South Carolina, to

acquire Citizens First National Bank, Crescent City, Florida.*

Fed Reg – 02/19/1999

Newspaper – 02/25/1999

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Republic Security Bank, West Palm Beach, Florida, to establish

a branch located at 7300 N. Kendall Drive, Suite 100, Miami,

Florida.

02/02/1999*

*Subject to provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(1) Manufacturers Bankshares, Inc., Tampa, Florida, to become a

bank holding company by acquiring Manufacturers Bank of

Florida, Tampa, Florida.

N/Avail*

3(a)(5) Century South Banks, Inc., Dahlonega, Georgia, to acquire

Independent Bancorp, Inc., Oxford, Alabama, and thereby

acquire its subsidiary, Independent Bank of Oxford, Oxford,

Alabama.

N/Avail*

3(a)(3) United Community Banks, Inc., Blairsville, Georgia, to acquire

Adairsville Bancshares, Inc., Adairsville, Georgia, and thereby

acquire Bank of Adairsville, Adairsville, Georgia.

N/Avail*

CIC PCB Bancorp, Inc., Largo, Florida, after-the-fact notice by PCB

Limited Partnership, Largo, Florida, to retain 25 percent of the

outstanding shares of PCB Bancorp, Inc., Largo, Florida.

N/Avail*

CIC Peoples Bancorp, Inc., Manchester, Tennessee, prior notice by

the Harold V. Willis Family Trust, Manchester, Tennessee, to

acquire 11.95 percent of the outstanding shares of Peoples

Bancorp, Inc., Manchester, Tennessee.

02/17/1999

4(c)(8) Cumberland Bancorp, Inc., Carthage, Tennessee, to acquire The

Murray Bank, Murray, Kentucky (in organization), and thereby

engage in operating a savings association.

N/Avail*

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

Type Application

Ending date of

comment period

None

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

Type Application

COM The Tampa Banking Company, Tampa, Florida, commitment

waiver request.

WAIVR SouthTrust Corporation, Birmingham, Alabama, application

waiver request for the proposed merger with LCNB

Bancorporation, Inc., Houston, Texas, and indirect acquisition

of Langham Creek National Bank, Houston, Texas.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None
Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Johnson Bank

Racine, Wisconsin

 1801 Airport Road, Suite C2

 Waukesha, Wisconsin

Newspaper – 1/30/1999

Branch First American Bank

Carpentersville, Illinois

 Illinois State Route 64 and Kirk Road

 St. Charles, Illinois

Newspaper – 2/20/1999

Branch First American Bank

Carpentersville, Illinois

 4611 West Golf Road

 Skokie, Illinois

Newspaper – 2/22/1999

18(c) &

 Branch

Bank of Oakfield

Oakfield, Wisconsin

 Brandon, Wisconsin branch of M&I Central State Bank

 Ripon, Wisconsin

 and thereby to establish a branch at 127 East Main Street

 Brandon, Wisconsin

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

3(a)(1) Morton Community Bank Employee Stock Ownership Plan

 and Trust*

Morton, Illinois

 Hometown Independent Bancorp, Inc.

 Morton, Illinois

 Morton Community Bank

 Morton, Illinois

Fed Reg – 2/25/1999

Newspaper – 2/12/1999

3(a)(3) Hometown Independent Bancorp, Inc.*

Morton, Illinois

 Sunstar Bank

 Washington, Illinois

Fed Reg – 2/25/1999

Newspaper – 2/12/1999
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) Schonath Family Partnership, a Limited Partnership Plan*

Oconomowoc, Wisconsin

 Investorsbancorp, Inc.

 Pewaukee, Wisconsin

 Investorsbank

 Pewaukee, Wisconsin

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(3) C-B-G, Inc.*

Wilton, Iowa

 Peoples National Corporation

 Columbus Junction, Iowa

 Community Bank of Muscatine

 Muscatine, Iowa

Fed Reg – N/Avail

Newspaper – N/Avail

CIC Midstates Bancshares, Inc.

Harlan, Iowa

 By Peter N. Horne, Sr., Frederick R. Horne III and Todd K.

 Plumb

Fed Reg – N/Avail

Newspaper – 2/15/1999

CIC First Midwest Financial, Inc.

Storm Lake, Iowa

 By James S. Haahr, James T. Haahr, Elllen E. Moore &

 Troy Moore III

Fed Reg – N/Avail

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) *Notice by Franklin Bancshares, Inc., Franklin, Illinois, to

acquire Franklin Bank, Franklin, Illinois (in organization)

(previously reported during the week ending January 23, 1999).

Newspaper – 2/28/1999

Fed Reg – 2/25/1999

3(a)(1) *Notice by Memphis Bancshares, Inc., Memphis, Missouri, to

acquire Community Bank of Memphis, Memphis, Missouri (in

organization).

Newspaper – 2/27/1999

Fed Reg – 2/22/1999

3(a)(3) *Notice by Clark County Bancshares, Inc., Wyaconda, Missouri,

to acquire an interest in Memphis Bancshares, Inc., Memphis,

Missouri (in organization).

Newspaper – 2/27/1999

Fed Reg – 2/22/1999

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

33147 Farmers Bank & Trust

Blytheville, Arkansas

9/14/1998 1/11/1999 S X

169653 First Bank

Creve Coeur, Missouri

7/6/1998 1/6/1999 S X

585543 Bank of Louisville

Louisville, Kentucky

9/14/1998 1/18/1999 O X

777441 Flora Bank & Trust

Flora, Illinois

10/19/1998 1/25/1999 S 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, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) & branch First Community Bank, Glasgow, Montana, to merge with First

Community Bank of Froid, Froid, Montana and incident thereto

establish a branch. *

Fed.Reg. - 03/1/1999

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3(a)(1) CNB, Inc., Walker, Minnesota, to become a bank holding

company through the acquisition of 95% of the voting shares of

Centennial National Bank, Walker, Minnesota. *

Fed. Reg. - 2/25/99

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

3(a)(1)RN PFSB Bancorporation, Inc., Pigeon Falls, Wisconsin to become

a bank holding company through the acquisition of 100% of the

voting shares of Pigeon Falls State Bank, Pigeon Falls,

Wisconsin.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

6677252 Stockmans Bank

Cascade, Montana

10/19/1998 01/27/1999 S X

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, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Bank in Boulder, Boulder, Colorado, to establish a branch at

1290 E. First Avenue, Broomfield, Colorado.

Newspaper – 02/11/1999

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

Type Application

Ending date of

comment period

3(a)(1) Davenport Community Bancshares, Inc., Davenport, Nebraska,

to become a bank holding company through the acquisition of

100 percent of the voting shares of Jennings State Bank,

Davenport, Nebraska.

Newspaper – N/Avail

Fed Reg – N/Avail

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

Member Bank of Commerce, Catoosa, Oklahoma, for membership in the

Federal Reserve System.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

349053 Mercantile Bank

Overland Park, Kansas

09/08/1998 01/27/1999 O X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3)

3(a)(1)

3(a)(1)

3(a)(3)

CIC

Extraco Bancshares, Inc., Waco, TX, to acquire

Central Financial Corporation, Inc., Lorena, TX,

Central Delaware Financial Corporation, Inc., Dover, DE,

Bank of Troy, Troy, TX, and

Lorena State Bank, Lorena, TX*

(Previously reported the week ending January 23, 1999)

Bauer Management, Inc., Port Lavaca, TX, to acquire

Bauer Investments, Ltd., Port Lavaca, TX,

The First National Bank, Port Lavaca, TX, and

Seaport Bank, Seadrift, TX*

(Previously reported the week ending January 23, 1999)

Bauer Investments, Ltd., Port Lavaca, TX, to acquire

The First National Bank, Port Lavaca, TX, and

Seaport Bank, Seadrift, TX*

(Previously reported the week ending January 23, 1999)

Central Texas Bankshare Holding Company, Columbus, TX,

and Colorado County Investment Holdings, Inc., Wilmington,

DE, to acquire Hill Bancshares Holdings, Inc., Weimar, TX, and

Hill Bank and Trust Company, Weimar, TX*

Brian Douglas Campbell, Baton Rouge, LA, only notificant, to

acquire an interest in Central Louisiana Capital Corporation,

Vidalia, LA

Fed Reg – 02/19/1999

Newspaper – 02/20/1999

Fed Reg – 02/25/1999

Newspaper – N/Avail

Fed Reg – 02/25/1999

Newspaper – N/Avail

Fed Reg – N/Avail

Newspaper – 02/20/1999

Fed Reg – N/Avail

Newspaper – 02/12/1999

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

Type Application

Ending date of

comment period

None

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, January 30, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branches Capital Bank of North County, Carlsbad, California, to establish

branch offices at: 1) One Lego Drive, Carlsbad, California; and

2) in the city of Encinitas, California. *

Newspaper – 02/12/1999

Branch Mid-Peninsula Bank, Palo Alto, California, to establish a branch

office at 1255 Treat Boulevard, Walnut Creek, California. *

Newspaper – 01/27/1999

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Wells Fargo & Company, San Francisco, California, Norwest

Mortgage, Inc., and Norwest Ventures, LLC, both of Des

Moines, Iowa, to engage in a joint venture through its

subsidiary, RWF Mortgage Company, Riverside, California, in

residential mortgage lending.

Fed Reg – 02/15/1999

4(c)(8) Refiled: Philippine Commercial International Bank, Manila,

Philippines, to expand the operations of its U.S. subsidiary, PCI

Express Padala, Inc., Los Angeles, California, into the state of

Hawaii to engage in money transmission activities, through the

establishment of PCI Express Padala (Hawaii), Inc., Honolulu,

Hawaii.

Fed Reg – 12/07/1998

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

Type Application

Member Pacific Mercantiile Bank (In Organization), Newport Beach,

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 Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None