Board of Governors of the Federal Reserve System, Washington, DC 20551

Actions of the Board, Its Staff,

and the Federal Reserve Banks:

No. 1

Week Ending January 3, 1998

Federal Reserve Release

H.2

Applications and Reports Received
H.2

December 28, 1997 to January 3, 1998

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Abbreviations: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community

Affairs; FOMC - Federal Open Market Committee; RBOPS - Reserve Bank Operations and Payment

Systems; IF - International Finance; OSDM - Office of Staff Director for Management

1st Source Bank, South Bend, Indiana -- to establish a branch at 5631 Cleveland

Avenue, Stevensville, Michigan.

- Approved, December 30, 1997 

BANK BRANCHES, DOMESTIC

Chicago

BancFirst, Oklahoma City, Oklahoma -- to establish a branch at 4901 East 41st

Street, Tulsa, Oklahoma.

- Approved, January 2, 1998 

Kansas City

Bank of Yellville, Yellville, Arkansas -- to establish a branch at 849 Highway 62

East, Mountain Home, Arkansas.

- Approved, December 29, 1997 

St. Louis

Community Bank of Tri-County, Waldorf, Maryland -- to establish a branch at 20

Saint Patricks Drive, Waldorf, Maryland.

- Approved, December 29, 1997 

Richmond

NBD Bank, Detroit, Michigan -- to establish a loan production branch at 15469

Telegraph Road, Monroe, Michigan.

- Approved, December 30, 1997 

Chicago

Provident Bank, Cincinnati, Ohio -- to establish a branch at 7172 Cincinnati-Dayton

Road, West Chester, Ohio.

- Approved, December 30, 1997 

Cleveland
H.2

December 28, 1997 to January 3, 1998

Page 2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

American State Financial Corporation, Lubbock, Texas, and American State

Financial Corporation Delaware, Wilmington, Delaware -- to acquire Security

Shares, Inc., Abilene, Texas, and Security State Bank.

- Approved, December 29, 1997 

BANK HOLDING COMPANIES

Dallas

Commerce Bancshares, Inc., Kansas City, Missouri, and CBI-Kansas, Inc. -- to

acquire Pittsburg Bancshares, Inc., Pittsburg, Kansas.

- Approved, December 29, 1997 

Kansas City

Community Bancorp, Derby, Vermont -- to engage in lending activities through the

acquisition of Liberty Savings Bank, an inactive New Hampshire savings bank.

- Permitted, December 30, 1997 

Boston

Glacier Bancorp, Inc., Kalispell, Montana -- to acquire Glacier Bank.

- Approved, January 2, 1998 

Minneapolis

Guaranty Bancorp, Inc., Woodsville, New Hampshire -- to acquire Woodsville

Guaranty Savings Bank.

- Approved, December 29, 1997 

Boston

Heartland Bancshares, Inc., Lenox, Iowa -- to acquire shares of Union Bank of

Arizona, N.A., Gilbert, Arizona.

- Approved, December 30, 1997 

Chicago

Lakeland Bancorp, Inc., Oak Ridge, New Jersey -- to acquire Metropolitan State

Bank, Montville, New Jersey.

- Approved, January 2, 1998 

New York
H.2

December 28, 1997 to January 3, 1998

Page 3

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Marshall & Illsley Corporation, Milwaukee, Wisconsin -- to acquire Advantage

Bancorp, Inc., Kenosha, Wisconsin, and Advantage Bank, FSB.

- Approved, December 29, 1997 

Chicago

Mississippi Valley Bancshares, Inc., Clayton, Missouri -- to acquire Southwest Bank,

Belleville, Illinois.

- Approved, December 29, 1997 

St. Louis

Norwest Corporation, Minneapolis, Minnesota -- to acquire Heritage Trust

Company, Grand Junction, Colorado.

- Approved, December 31, 1997 

Minneapolis

Regions Financial Corporation, Birmingham, Alabama -- to merge with Palfed, Inc.,

Aiken, South Carolina, and engage in operating a savings and loan association

through acquisition of Palmetto Federal Savings Bank.

- Approved, December 30, 1997 

Atlanta

Stockmens Financial Corporation, Rushville, Nebraska -- to acquire Electronic

Commerce Management Group, LLC, Greenwood Village, Colorado.

- Approved, December 30, 1997 

Kansas City

VIB Corp., El Centro, California -- to acquire Valley Independent Bank.

- Approved, December 29, 1997 

San Francisco

Wachovia Corporation, Winston-Salem, North Carolina -- to merge with Ameribank

Bancshares, Inc., Hollywood, Florida, and acquire American Bank of Hollywood

- Approved, December 31, 1997 

Secretary
H.2

December 28, 1997 to January 3, 1998

Page 4

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Middleburg Bank, Middleburg, Virginia -- payment of a dividend.

- Approved, December 31, 1997 

BANKS, STATE MEMBER

Richmond

Freeport Bancshares, Inc., Freeport, Illinois -- redemption of shares.

- Approved, January 2, 1998 

CAPITAL STOCK

Chicago

Chester Insurance Agency, Inc., Chester, Nebraska -- change in bank control.

- Permitted, December 29, 1997 

CHANGE IN BANK CONTROL

Kansas City

First Commerce Bancorp, Inc., Somerset, Kentucky -- change in bank control.

- Permitted, December 30, 1997 

Cleveland

Forrest City Financial Corporation, Forrest City, Arkansas -- change in bank control.

- Permitted, January 2, 1998 

St. Louis

Mid-Iowa Bancshares, Co., Algona, Iowa -- change in bank control.

- Permitted, December 31, 1997 

Chicago

Western Bancsahres of Las Cruces, Inc., Carlsbad, New Mexico -- change in bank

cotnrol.

- Permitted, December 30, 1997 

Dallas

Winthrop Bancshares, Inc., Winthrop, Minnesota -- change in bank control.

- Permitted, December 29, 1997 

Minneapolis
H.2

December 28, 1997 to January 3, 1998

Page 5

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Albank, FSB, Albany, New York -- report on competitive factors of the proposed

acquisition of the assets and assumption of the liabilities of the Beacon, New York,

branch of First Union National Bank, Avondale, Pennsylvania.

- Submitted, December 31, 1997 

COMPETITIVE FACTORS REPORTS

New York

Donley County State Bank, Clarendon, Texas -- report on competitive factors of the

proposed merger with Knorpp Insurance Agency, Inc.

- Submitted, December 30, 1997 

Dallas

First National Bank of Silsbee, Silsbee, Texas -- report on competitive factors of the

proposed merger with New Silsbee Bank,

- Submitted, December 30, 1997 

Dallas

First South Bank, Bolivar, Tennessee -- report on competitive factors of the

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

Tennessee, branch of BancorpSouth Bank, Tupelo, Mississippi.

- Submitted, December 29, 1997 

St. Louis

First State Bank & Trust, Groves, Texas -- report on competitive factors of the

proposed merger with First National Bank of Silsbee, Silsbee, Texas.

- Submitted, December 30, 1997 

Dallas

First Union National Bank, Charlotte, North Carolina -- report on competitive factors

of the proposed merger with First Union National Bank, Avondale, Pennsylvania.

- Submitted, January 2, 1998 

Richmond
H.2

December 28, 1997 to January 3, 1998

Page 6

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Gaston Federal Savings and Loan Association, Gastonia, North Carolina -- report on

competitive factors of the proposed merger with an interim stock savings association.

- Submitted, December 29, 1997 

Richmond

LSB State Bank, Montville, New Jersey -- report on competitive factors of the

proposed merger with Metropolitan State Bank.

- Submitted, January 2, 1998 

New York

North Country Bank and Trust, Manistique, Michigan -- report on competitive

factors of the proposed merger with North Country Bank, South Range, Michigan.

- Submitted, December 29, 1997 

Minneapolis

Palmetto Bank, Laurens, South Carolina -- report on competitive factors of the

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

Six branch of Greenwood Bank & Trust, Greenwood, South Carolina.

- Submitted, December 31, 1997 

Richmond

BankBoston, N.A., Boston, Massachusetts, and Boston Overseas Financial

Corporation -- waiver of the 45-day notice period to acquire Deutsche Bank

Argentina, Buenos Aires, Argentina, and Deutsche Bank Investment Management

S.A.

- Granted, December 30, 1997 

INTERNATIONAL OPERATIONS

Director, BS&R

Glacier Bank, Kalispell, Montana -- to become a member of the Federal Reserve 

System.

- Approved, January 2, 1998 

MEMBERSHIP

Minneapolis
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week of January3, 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 for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week of January 3, 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)(1) Niagara Bancorp, MHC, a proposed New York-chartered mutual 01/26/98 1/

holding company, and Niagara Bancorp, Inc., both of Lockport, New

York, to become bank holding companies with respect to Lockport

Savings Bank, Lockport, New York.

1/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Dresdner Bank AG, Frankfurt, Federal Republic of Germany, to 01/16/98

engage de novo as a commodity pool operator through its

subsidiaries, including Oechsle International Advisors, L.P. and RCM

Capital Management, L.L.C. 

4(c)(8) Swiss Bank Corporation, Basel, Switzerland, to control Brunswick 01/13/98

Warburg, Inc., New York, New York, and thereby engage in 

(i) financial and investment advisory activities; and (ii) securities

brokerage activities, riskless principal activities, private placement

services and other transactional 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

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 of January 3, 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 

CIC Penn Bancshares, Inc., Pennsville, NJ, Mr. Michael S. Stern to Fed. Reg - 01/20/98

acquire 41 percent of the applicant, pursuant to the Change in Newspaper - N/Avail

Bank

Control 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

1486487 Twin Rivers Bank 08/04/97 12/26/97 Satisfactory Small

2951 William Penn Highway

Easton, PA.

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 of January 3, 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)(5) Received notice from Wayne Bancorp, Inc., Wooster, OH on N/Avail

January 2, 1998, to acquire Chippewa Valley Bancshares, Inc.,

Rittman, OH.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Received notice from Huntington Bancshares, Columbus, OH on Fed Reg - 1/20/98

December 26, 1997, to acquire SecureWare, Inc., Atlanta, GA and

merge it into Security First Technologies, Inc., Atlanta, GA.

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

Type Application comment period

Ending date of 

4(c)(8) Received notice from National City Corp., Cleveland, OH on

December 30, 1997, to acquire JBH Travel Audit, Inc., Denver, CO

through National Processing, Inc., Louisville, KY and engage in data

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

Type Application comment period

Ending date of 

4(c)(8) Received notice from National City Corp., Cleveland, OH on

December 31, 1997, to acquire the assets of Eastern Mortgage

Services, Trevose, PA and First National Mortgage Corporation, Glen

Burnie, MD through its subsidiary, National City Mortgage Co., and

engage in permissible non-banking activities.

4(c)(8) Received notice from National City Corp., Cleveland, OH on

December 31, 1997, to acquire American Mortgage Source, Inc.,

Nashville, TN and engage in permissible non-banking 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

38526 Iron & Glass Bank 9/22/97 1/5/98 Satisfactory

1114 East Carson Street

Pittsburgh, PA 15203
Section VI - CRA examinations scheduled for First Quarter of 1998

Institution Location

Chippewa Valley Bank P.O. Box 68, 20 S. Main Street, Rittman, OH 44270-0068

Oakwood Deposit Bank P.O. Box 207, 218 N. 1st Street, Oakwood, OH 45873-0207

The Ottoville Banking Company P.O. Box 459, 161 W. 3rd Street, Ottoville, OH 45876-0459

WesBanco Bank Barnesville P.O. Box 70, 101 E. Main Street, Barnesville, OH 43713-0070
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of January 3, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) Triangle Bank, Raleigh, North Carolina, to merge with 1/26/98

Guaranty State Bank, Durham, North Carolina.*

*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) Triangle Bancorp, Inc., Raleigh, North Carolina, to merge with 1/26/98

Guaranty State Bancorp, Durham, North Carolina.*

3(a)(3) MainStreet BankGroup Incorporated, Martinsville, Virginia. 1/29/98**

to acquire 100% of the shares of Tysons Financial Corporation,

McLean, Virginia.*

3(a)(3) Carrollton Bancorp, Baltimore, Maryland, to acquire up to 9% 1/30/98**

of the shares of Patapsco Valley Bancshares, Inc., Ellicott City,

Maryland.*

 *Subject to the provisions of the Community Reinvestment Act.

**Expiration of comment period as specified in the Federal Register.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Mason-Dixon Bancshares, Inc., Westminster, Maryland, to 1/20/98**

acquire Rose Shanis & Co., Inc.; Rose Shanis Sons, Inc.;

Rose Shanis & Co.; and Stephen Corp., all of Baltimore, 

Maryland, and engage in consumer finance and credit-related

insurance activities.

4(c)(8) Wachovia Corporation, Winston-Salem, North Carolina, to 1/20/98**

engage in data processing activities through SecureWare, Inc., 

Atlanta, Georgia.

**Expiration of comment period as specified in the Federal Register.
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 Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week of January 3, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Colonial Bank, Montgomery, Alabama, to establish a branch 2/02/98

located at 3610 McFarland Boulevard East, Tuscaloosa,

Alabama.*

Branch Commercial Bank of Florida, Miami, Florida, to establish a 1/28/98

branch located at 19455 South Dixie Highway, Miami, Florida.*

*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 Vermilion Bancshares, Inc., Kaplan, Louisiana, after-the-fact notice N/Avail

by Mr. Billy Gene Matthews, Mrs. Juanette Matthews, Mr. Billy Gene

Matthews, Jr., Mr. Louis E. Matthews, Ms. Nancy Ann Matthews,

and Ms. Whitney J. Matthews to collectively retain 10.67 percent of

the outstanding shares of Vermilion Bancshares, Inc., Kaplan,

Louisiana.*

3(a)(1) Tarpon Coast Bancorp, Inc., Port Charlotte, Florida, to become a N/Avail

bank holding company through acquisition of Tarpon Coast National

Bank, Port Charlotte, Florida.*

3(a)(5) First American Corporation, Nashville, Tennessee, to merge with N/Avail

Deposit Guaranty Corporation, Jackson, Mississippi, and thereby

directly acquire Deposit Guaranty National Bank, Jackson,

Mississippi.*

*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 

4(c)(8) First American Corporation, Nashville, Tennessee, to acquire G&W

Life Insurance Company and Deposit Guaranty Mortgage Company

of Florida, Inc., and thereby engage in extending credit, servicing

loans, and performing credit insurance 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 Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of January 3, 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) First Financial Corporation* Fed Reg - 1/26/98

Terre Haute, Indiana Newspaper - N/Avail

 The Morris Plan Company of Terre Haute, Inc.

 Terre Haute, Indiana

3(a)(3) Fidelity Company* Fed Reg - 1/29/98

Dyersville, Iowa Newspaper - N/Avail

 Iowa Bank (in organization)

 Bellevue, Iowa

3(a)(5) Indiana United Bancorp* Fed Reg - 1/29/98

Greensburg, Indiana Newspaper - N/Avail

 P.T.C. Bancorp

 Brookville, Indiana

 People’s Trust Company

 Brookville, Indiana

3(a)(1) TSB Bankshares, Inc.* Fed Reg - N/Avail

Lomira, Wisconsin Newspaper - N/Avail

 Theresa State Bank

 Lomira, Wisconsin

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 Reinsvestment 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

923743 Greenlake State Bank 9/22/97 12/31/97 Outstanding Small

515 Hill Street

P.O. Box 186

Greenlake, Wisconsin 54941

(414)294-3369
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 of January 3, 1997

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Heber Srpings State Bank, Heber Springs, Arkansas, to establish 1/5/98

a branch at 1070 Main Street, Vilonia, Arkansas.*

Branch The Scott County State Bank, Scottsburg, Indiana, to establish a 1/20/98

branch at 57 North Michael Drive, Scottsburg, Indiana.*

*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)(1) Notice by Bolivar Banking Corporation, Shelby, Mississippi, to Newspaper - 1/29/98

acquire The Bank of Bolivar County, Shelby, Mississippi.*

3(a)(3) Notice by CNB Bancshares, Inc., Evansville, Indiana, to acquire Fed Reg - 1/30/98

Pinnacle Financial Services, Inc., St. Joseph, Michigan.*

CIC Notice involving DeWitt First Bankshares Corporation, DeWitt, N/Avail

Arkansas, by Georgea M. Greaves and Lester A. McKinley.

*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 

4(c)(8) Notice by Area Bancshares Corporation, Owensboro, Kentucky, for 1/20/98

its affiliate, Security First Technologies, Inc., Atlanta, Georgia, to

merge with SecureWare, Inc., Atlanta, Georgia.

4(c)(8) Notice by CNB Bancshares, Inc., Evansville, Indiana, to acquire 1/30/98

Pinnacle Financial Services, Inc., St. Joseph, Michigan.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

SMBOTH Notice by Effingham State Bank, Effingham, Illinois, to make a Not applicable

divident payment.

SMBOTH Notice by State Bank of Farina, Farina, Illinois, to make a dividend Not applicable

payment.

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 Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and Notifications Filed During the Week of January 3, 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) Inver Grove Bancshares, Inc., Inver Grove Heights, Minnesota, Fed Reg - 2/2/98

for prior approval to become a bank holding company through the

acquisition of 100% of the voting shares of Key Community

Bank, Inver Grove Heights, Minnesota, a de novo bank.*

CIC Pieschel Family Limited Partnership, Springfield, Minnesota, to N/Avail

acquire control of 28.92% of the voting shares of Springfield

Investment Company, Springfield, 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

None

Section VI - CRA examinations scheduled Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week of January 3, 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)(1) McCurtain County Bancshares, Inc., Idabel, Oklahoma, for prior Newspaper - N/Avail

approval to become a bank holding company through the Fed Reg - N/Avail

acquisition of 96.8 percent of the voting shares of McCurtain

County National Bank, Idabel, Oklahoma; and to acquire 100

percent of New McCurtain County National Bank, Idabel,

Oklahoma.

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

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 Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and Notifications Filed During the Week of January 3, 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) Diboll State Bancshares, Inc., Diboll, TX, and Diboll State 1/30/98**

Bancshares of Delaware, Wilmington, DE, to acquire Pineland State

Bank, Pineland, TX*

(Previously reported during the week of December 22, 1997)

* Subject to the provisions of the Community Reinvestment Act.

** Comment period ending date is the date specified in the newspaper only.

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 Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and Notifications Filed During the Week of January 3, 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

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

3(a)(5) Mt. Diablo Bancshares to become a bank holding company by None

acquiring Mt. Diablo National Bank, both of Danville, California.

4(c)(8) Eggemeyer Advisory Corp., Castle Creek Capital, L.L.C., and Castle None

Creek Capital Partners Fund-1, L.P., all of San Diego California, to

engage in nonbanking activities through the acquisition of Coastal

Credit Corporation, Virginia Beach, Virginia.
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

None

Section VI - CRA examinations scheduled Quarter of

Institution Location

None