Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 21 

Week Ending May 25, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions May 19, 2002 to May 25, 2002 

Testimony And Statements 

The European Union's Financial Services Action Plan -- statement by Governor Olson 

before the House Committee on Financial Services. 

- Published, May 22, 2002 

Forms 

Recordkeeping, Reporting, and Disclosure Requirements in Connection with Regulation 

BB (Community Reinvestment) -- proposed extension without revision. 

- Approved, May 21, 2002 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority May 19, 2002 to May 25, 2002 

BS&R 

C&CA 

FOMC 

Banking Supervision and Regulation 

Consumer and Community Affairs 

Federal Open Market Committee 

RBOPS 

IF 

OSDM 

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

Bank Branches, Domestic 

Richmond 

Allfirst Bank, Baltimore, Maryland -- to establish a branch at 10697 Braddock Road, 

Fairfax, Virginia. 

- Approved, May 22, 2002 

Richmond 

Bank of Clarke County, Berryville, Virginia -- to establish a branch on McNeil Drive. 

- Approved, May 22, 2002 

New York 

Bank of Smithtown, Smithtown, New York -- to establish a branch at 293 Route 25A, 

Rocky Point. 

- Approved, May 22, 2002 

Richmond 

BankAnnapolis, Annapolis, Maryland -- to establish a branch at the Baywoods of 

Annapolis retirement community, 7101 Bayfront Drive. 

- Approved, May 22, 2002 

Richmond 

The Freedom Bank of Virginia, Vienna, Virginia -- to establish a mobile branch by 

providing a courier service to pick up noncash deposits from businesses in Washington, 

D.C., and Fairfax, Prince William, Arlington, and Loudon Counties in Northern Virginia. 

- Approved, May 24, 2002 

New York 

Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch 

to conduct certain activities at Brink's Incorporated, 652 Kent Avenue, Brooklyn. 

- Approved, May 23, 2002 

Chicago 

Marquette Bank, Chicago, Illinois -- to establish a branch at the corner of Eola Road and 

Shiloh Drive, Aurora. 

- Approved, May 24, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 6 
H.2 Actions under delegated authority May 19, 2002 to May 25, 2002 

Bank Branches, Domestic 

Atlanta 

Orion Bank, Naples, Florida -- to establish branches at 1790 Main Street, Sarasota, and 

8181 South Tamiami Trail. 

- Approved, May 21, 2002 

Richmond 

Peoples Bank of Virginia, Richmond, Virginia -- to establish a branch at 7071 Commons 

Plaza, Chesterfield. 

- Approved, May 21, 2002 

Kansas City 

Premier Bank, Lenexa, Kansas -- to establish a branch at 1925 Burlington Street, North 

Kansas City, Missouri. 

- Approved, May 22, 2002 

Chicago 

Rolling Hills Bank & Trust, Atlantic, Iowa -- to establish a branch at 418 South 

Commercial Street, Carson. 

- Approved, May 22, 2002 

Atlanta 

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 1280 Dogwood 

Drive, Conyers, Georgia. 

- Approved, May 23, 2002 

Secretary 

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 8785 Branch Avenue, 

Clinton, Maryland. 

- Approved, May 24, 2002 

Bank Holding Companies 

San Francisco 

Citizens Bank Holding Company, Pocatello, Idaho -- to become a bank holding company 

through the acquisition of Citizens Community Bank. 

- Approved, May 23, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 6 
H.2 Actions under delegated authority May 19, 2002 to May 25, 2002 

Bank Holding Companies 

Atlanta 

First Georgia Holding, Inc., Brunswick, Georgia -- to become a bank holding company 

through the acquisition of First Georgia Bank. 

- Withdrawn, May 23, 2002 

Chicago 

Metropolitan Bank Group, Inc., Chicago, Illinois -- to retain ownership of Upbancorp, 

Inc. and thereby indirectly acquire Uptown National Bank of Chicago. 

- Withdrawn, May 24, 2002 

San Francisco 

NorCal Community Bancorp, Alameda, California -- to become a bank holding company 

through the acquisition of Bank of Alameda. 

- Approved, May 23, 2002 

Richmond 

North State Bancorp, Raleigh, North Carolina -- to become a bank holding company 

through the acquisition of North State Bank. 

- Approved, May 23, 2002 

San Francisco 

Palm Desert Investments, Palm Desert, California -- relief from a commitment. 

- Granted, May 22, 2002 

Boston 

Port Financial Corp, Brighton, Massachusetts -- to increase its ownership interest in 

Cambridge Bancorp, Cambridge. 

- Approved, May 23, 2002 

San Francisco 

Snake River Bancorp, Inc., Twin Falls, Idaho -- to become a bank holding company 

through the acquisition of Magic Valley Bank. 

- Approved, May 22, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 6 
H.2 Actions under delegated authority May 19, 2002 to May 25, 2002 

Bank Holding Companies 

San Francisco 

Sunstate Bancshares, Inc., Casa Grande, Arizona -- to engage in lending activities 

through the acquisition of shares of Sunstate Bancshares Mortgages, LLC. 

- Approved, May 23, 2002 

Bank Mergers 

Chicago 

First American Bank, Fort Dodge, Iowa -- to merge with First American Bank, Sioux 

City, and establish a branch. 

- Approved, May 23, 2002 

Atlanta 

Regions Bank, Birmingham, Alabama -- to merge with Brookhollow National Bank, 

Dallas, Texas. 

- Approved, May 23, 2002 

Banks, Foreign 

Director, BS&R 

Banca Comerciala Romana S.A., Bucharest, Romania -- to establish a representative 

office in New York, New York. 

- Approved, May 21, 2002 

Change In Bank Control 

Minneapolis 

American Bancorporation of Minnesota, Inc., Brainerd, Minnesota -- change in bank 

control. 

- Permitted, May 24, 2002 

Atlanta 

American Bancshares Corp., Livingston, Tennessee -- change in bank control. 

- Permitted, May 23, 2002 

Atlanta 

BancSouth Corporation, Dothan, Alabama -- change in bank control. 

- Permitted, May 24, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 6 
H.2 Actions under delegated authority May 19, 2002 to May 25, 2002 

Competitive Factors Reports 

Dallas 

Citizens National Bank, Cameron, Texas -- report on competitive factors of the 

proposed acquisition of the Giddings, Rockdale, and Taylor branches of International 

Bank of Commerce, Laredo. 

- Submitted, May 17, 2002 (AC) 

Atlanta 

First Bank of Gwinnett, Lawrenceville, Georgia -- report on competitive factors of the 

proposed merger with Embry Bank through a corporate reorganization. 

- Submitted, May 22, 2002 

San Francisco 

Hawthorne Savings F.S.B., Hawthorne, California -- report on competitive factors of the 

proposed merger with First Fidelity Investment and Loan, Tustin. 

- Submitted, May 22, 2002 

Boston 

Ocean National Bank, Kennebunk, Maine -- report on competitive factors of the 

proposed acquisition of the Kennebunk and York branches of Maine Bank & Trust 

Company, Portland. 

- Submitted, May 13, 2002 (AC) 

Cleveland 

S & T Bank, Indiana, Pennsylvania -- report on competitive factors of the proposed 

merger with PFC Bank, Ford City. 

- Submitted, May 22, 2002 

Secretary 

Wells Fargo Bank Illinois, National Association, Galesburg, Illinois -- report on 

competitive factors of the proposed merger with Marquette Bank Monmouth, 

Monmouth, and Marquette Bank Morrison, Morrison. 

- Submitted, May 24, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 6 
H.2 Actions under delegated authority May 19, 2002 to May 25, 2002 

Extensions Of Time 

Chicago 

Maunesha Bancshares, Inc., Waterloo, Wisconsin -- extension to September 8, 2002, to 

become a bank holding company through the acquisition of Farmers & Merchants State 

Bank. 

- Granted, May 24, 2002 

Financial Holding Companies 

Richmond 

MCNB Banks, Inc., Welch, West Virginia -- election to become a financial holding 

company. 

- Effective, May 23, 2002 

Kansas City 

Overland Bancorp, Inc, Belton, Missouri -- election to become a financial holding 

company. 

- Effective, May 21, 2002 

International Operations 

Philadelphia 

MBNA America Bank, National Association, Wilmington, Delaware -- to establish a 

branch of MBNA Europe Bank Limited in Madrid, Spain. 

- Approved, May 24, 2002 

(AC) = Addition or Correction Delegated - Page 6 of 6 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

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, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

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, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC George Connell, Radnor, PA, to retain ownership of the Newspaper 06/10/2002 

outstanding common stock of Bryn Mawr Bank Corporation, Fed. Reg. N/Avail 

Bryn Mawr, PA, the parent company of Bryn Mawr Trust 

Company, Bryn Mawr, PA and to acquire additional shares. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, May 25, 2002

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

853112 The Heartland Bank

850 North Hamilton Road

Gahanna, OH 433230

03/04/2002 05/22/2002 S X

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, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

4(c)(8) Four Oaks Fincorp, Inc., Four Oaks, North Carolina, to acquire 

Four Oaks Mortgage Services, L.L.C., Four Oaks, North 

Carolina, and thereby engage de novo in mortgage banking 

through the acquisition of 49.99% of Four Oaks Mortgage 

Company, L.P., Clayton, North Carolina. 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

544876 Guaranty Bank 03/11/2002 05/24/2002 S X 

1658 State Farm Boulevard 

Charlottesville, Virginia 22911 

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, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Bank Independent, Sheffield, Alabama, to establish a branch 

located at 704 Bank Street, Decatur, Alabama. 

05/29/2002*

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

located at 2009 Prince Avenue, Athens, Georgia. 

05/25/2002*

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

2635 Housley Road, Annapolis, Maryland, to be known as the 

Gateway Village Safeway In-Store Office. 

06/02/2002*

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(3) Bancshares of Florida, Inc., Naples, Florida (formerly Citizens N/Avail* 

Bancshares of Southwest Florida), to acquire Bank of Florida, 

Fort Lauderdale , Florida (in organization). 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Chestatee Bancshares, Inc., Dawsonville, Georgia, after-the-fact 

notification to engage in financial planning and financial product 

sales, through its subsidiary, Chestatee Financial Services, Inc., 

Dawsonville, Georgia. 

N/Avail 

4(c)(8) Chestatee Bancshares, Inc., Dawsonville, Georgia, after-the-fact 

notification to engage in mortgage loan origination through its 

subsidiary, Chestatee Residential Mortgage, Inc., Dawsonville, 

Georgia. 

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

Type Application 

COM Florida Community Banks, Inc., Immokalee, Florida, 

commitment waiver request. 

COM BCB Holding Company, Theodore, Alabama, commitment 

waiver request. 

WAIVR Bancorp of Lucedale, Inc., Lucedale, Mississippi, application 

waiver request with respect to the proposed merger with Grand 

Bancorp, Grand Bay, Alabama, and indirect acquisition of 

Mobile County Bank, Grand Bay, Alabama. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

479839 Tennessee State Bank 01/28/2002 05/23/2002 S X 

2210 Parkway 

Pigeon Forge, Tennessee 37863 

(865) 453-0873 

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, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch First Farmers Bank and Trust Company, Converse, Indiana, to Newspaper – N/Avail 

establish a branch facility to be located at 2040 S. Reed Road, 

Kokomo, Indiana.* 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CC Notice by the Friday Family (Beth Gore Friday, Mesa, Arizona; 

Allen Gore Friday, Atlantic, Iowa; Arthur Randall Friday, 

Houston, Texas; and Nola Kathleen Friday, Dallas, Texas) to 

retain control of Anita Bancorporation, Atlantic, Iowa and 

thereby to retain Rolling Hills Bank and Trust, Atlantic, Iowa. 

CC Notice by Kenneth A. and Diane M. Hendricks to acquire 

greater than 10 percent of the outstanding shares of Blackhawk 

Bancorp, Inc., Beloit, Wisconsin, and thereby indirectly acquire 

Blackhawk State Bank, Beloit, Wisconsin. 

CC Notice by David Lee Gross to acquire greater than 10 percent of 

the outstanding shares of First Beardstown Bancorp, Inc., 

Beardstown, Illinois and thereby indirectly acquire First State 

Bank of Beardstown, Beardstown, Illinois. 

3(a)(1) Franklin Bancorp, Inc., Southfield, Michigan, to become a bank 

holding company by acquiring 100 percent of Franklin Bank, 

N.A., Southfield, Michigan.* 

CC Notice by Gary F. Pribyl, Cedar Rapids, Iowa, of a Change in 

Control, to acquire 26.82 percent of Herky Hawk Financial 

Corp., Monticello, Iowa, as independent trustee of an 

irrevocable voting trust, and thereby indirectly acquire Citizens 

State Bank, Monticello, Iowa. 

Fed Reg – 05/14/2002 

Newspaper – N/Avail 

Fed Reg – 06/052002 

Newspaper – N/Avail 

Fed Reg – 05/15/2002 

Newspaper – N/Avail 

Fed Reg – 06/07/2002 

Newspaper – N/Avail 

Fed Reg – 05/22/2002 

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

Ending date of 

Type Application comment period 

CC Notice filed by the Kettering Family - Steven Kettering, Lake 

View, Iowa; Michael Kettering, Lake View, Iowa; and June 

Kettering Manary, Livingston, Texas- that they will each gain 

control of 33.3% of J.E.M.S. Inc., Lake View, Iowa. 

Fed Reg – 06/07/2002 

Newspaper – 06/11/2002 

3(a)(1) Orchid Financial Bancorp, Inc., St. Charles, Illinois, to become a 

bank holding company by acquiring 100 percent of American 

Eagle Bank (in organization), South Elgin, Illinois.* 

Fed Reg – 06/24/2002 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) IBC Bancorp, Inc., Chicago, Illinois, proposes to engage in data Fed Reg – N/Avail 

processing services. 

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

Type Application 

COM WCB Holding Company of Illinois, Inc., Winfield, Illinois, 

requests relief from the commitment not to incur debt. 

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. 
Section V – Availability of CRA public evaluations 

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC Notice by the First National Bank Employees Profit 

Sharing Plan and Trust, Carmi, Illinois ("Plan") to acquire 

up to 10.18 percent of Southern Illinois Bancorp, Carmi, 

Illinois("Bancorp"). The notice also seeks approval for 

Plan's trustees (Alvin Fritschle, Carmi, Illinois; Mary 

Sailer, Carmi, Illinois; and Jack Martin, Carmi, Illinois) to 

collectively own, on an individual basis, an additional 2.98 

percent, for total combined control of 13.16 percent of 

Bancorp's stock. 

Newspaper – N/Avail Fed 

Reg – N/Avail 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilitie s. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

719656 The Callaway Bank 1/28/2002 5/21/2002 S X Fulton, Missouri 

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, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch First State Bank Southwest, Pipestone, Minnesota to establish a Newspaper: 05/31/2002 

branch facility to be located at 760 Main Street, Edgerton, 

Minnesota.* 

* Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

3A3 State Bank of Hawley Employee Stock Ownership Plan, Newspaper: 06/23/2002 

Hawley, Minnesota to acquire 38.79 percent of Bankshares of Fed Register: 06/21/2002 

Hawley, Inc., Hawley, Minnesota and thereby indirectly acquire 

State Bank of Hawley, Hawley, Minnesota.* 

* Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

application for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

566953 The State Bank of Townsend 02/04/2002 05/21/2002 S X Townsend, Montana 

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, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period

18(c) First State Bank of Taos, Taos, New Mexico to purchase certain 

assets and assume certain liabilities of the Belen, New Mexico, Newspaper – 06/23/2002 

branch of State National Bank, El Paso, Texas. 

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

Ending date of 

Type Application comment period

3(a)(1) Denison Capital Enhancement Trust, Omaha, Nebraska, to 

become a bank holding company through the acquisition of 100 Newspaper – 06/18/2002 

Fed Reg – 06/21/2002

percent of the non-voting shares of KBJ Enterprises, Inc., 

Omaha, Nebraska, parent of Sibley State Bank, Sibley, Iowa. 

Sibley Capital Enhancement Trust, Omaha, Nebraska, to 

become a bank holding company through the acquisition of 100 

percent of the non-voting shares of The Viking Corporation, 

Omaha, Nebraska, parent of Crawford County Trust and Savings 

Bank, Denison, Iowa and Landmans National Bank, Audubon, 

Iowa. 

CIC Mark W. Whitaker, of Wichita, Kansas, and Deanna Kay 

Melchert, of Edmond, Oklahoma, to acquire control of Citizens 

Financial Corporation, parent of Citizens State Bank, both of 

Liberal, Kansas. 

Newspaper – N/Available 

Fed Reg – 05/29/2002 

CIC Notice by Blair Lauritzen Gogel, Mission Hills, Kansas, and 

Clarkson Davis Lauritzen, Boston, Massachusetts, to acquire 

control of K.B.J. Enterprises, Inc., Omaha, Nebraska, parent of 

the Sibley State Bank, Sibley, Iowa. 

Newspaper – 02/26/2002 

Fed Reg – 06/21/2002 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

157856 First B & TC 

Clinton, Oklahoma 

353359 Colorado Mountain Bank 

1000 Main Street 

Westcliffe, Colorado 

94858 Adrian Bank 

130 E. Main 

Adrian, Missouri 

02/19/2002 05/21/2002 S X 

02/11/2002 05/22/2002 S X 

03/11/2002 05/23/2002 S 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, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Legacy Bank of Texas, Plano, TX, to establish a branch office at 06/03/2002 

the northeast corner of Josey Lane and Hebron Parkway, 

Carrollton, TX 75010* 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Lost Pines Bancshares, Inc., Smithville, TX, to engage in 06/11/2002 

lending activities 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, May 25, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC Notice by George Richard Dill, Fife, Washington, to acquire Newspaper – N/Avail Fed 

additional voting shares of Puget Sound Financial Services, Inc., Reg – 06/11/2002 

and thereby indirectly acquire voting shares in Fife Commercial 

Bank, both of Fife, Washington.* 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Fede ral Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

3(a)(5)(C) Columbia Commercial Bancorp, Hillsboro, Oregon, to become a 

bank holding company by acquiring 100 percent of Columbia 

Community Bank, Hillsboro, Oregon. 
Section V – Availability of CRA public evaluations 

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

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

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

revised in May 1995. 

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

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

facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

478766 Liberty Bank 01/22/2002 05/20/2002 S 

500 Linden Avenue 

South San Francisco, CA 94080 

(650) 871-2400 

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

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

omissions. 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 

X