Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 42

Week Ending October 16, 1999

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions October 10, 1999 to October 16, 1999

Bank Holding Companies

Fleet Financial Group, Inc., Boston, Massachusetts -- commenters' requests for 

reconsideration of the Board's approval of the acquisition of BankBoston 

Corporation.

- Denied, October 13, 1999 

Oriental Financial Group, Inc., San Juan, Puerto Rico -- to make an initial investment 

in a foreign subsidiary, Oriental Financial Services Corporation, under Regulation K.

- Approved, October 12, 1999 

General Accounting Office

General Accounting Office -- response to draft GAO report, "Long-Term Capital 

Management: Regulators Needed to Focus Greater Attention on Systemic Risk."

- Approved, October 15, 1999 

Regulations And Policies

Real estate lending standards -- Interagency guidance on high loan-to-value (LTV) 

residential real estate lending.

- Published, October 12, 1999 

Reserve Bank Services

Federal Reserve Bank of Kansas City -- new Internet site, "1st Source Community 

Development Resource Guide," to help locate resources for affordable housing, 

business development, community infrastructure, and agribusiness.

- Announced, October 13, 1999 

(AC) = Addition or Correction Board - Page 1 of 1
October 10, 1999 to October 16, 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

AmSouth Bank, Birmingham, Alabama -- to establish a branch at 2025 Gunter 

Avenue, Guntersville.

- Approved, October 13, 1999 

Secretary

Farmers State Bank, Quinton, Oklahoma -- to establish a branch at H and East Main, 

Stigler.

- Approved, October 15, 1999 

Kansas City

The Peoples Bank & Trust Company, Selma, Alabama -- to establish a branch at 

4949 Highway 17, Helena.

- Approved, October 13, 1999 

Atlanta

Summit Bank, Bethlehem, Pennsylvania -- to establish branches at 2395 York Road, 

Jamison, and 73 Old Dublin Pike, Doylestown.

- Approved, October 12, 1999 

Philadelphia

SunTrust Bank, Atlanta, Georgia -- to establish branches at 2162 Henderson Mill 

Road and 2365 Peachtree Road, Atlanta, and 4305 State Bridge Road, Alpharetta.

- Approved, October 13, 1999 

Atlanta

Warren Bank, Warren, Michigan -- to establish a branch at 29437 Ryan Road.

- Approved, October 14, 1999 

Chicago

Bank Holding Companies

Boston Private Financial Holdings, Boston, Massachusetts -- to acquire Rinet 

Company, Inc.

- Approved, October 15, 1999 

Boston

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority October 10, 1999 to October 16, 1999

Bank Holding Companies

Citrus Financial Services, Inc., Vero Beach, Florida -- to acquire The Commercial 

Bank of Highlands County, N.A., Sebring, a de novo bank.

- Approved, October 13, 1999 

Atlanta

First Capital Bancorp, Inc., Norcross, Georgia -- modification of a commitment.

- Approved, October 15, 1999 

Atlanta

First Security Corporation, Salt Lake City, Utah -- commenters' requests to extend 

the public comment period for the proposed merger with Zions Bancorporation.

- Denied, October 13, 1999 

Secretary

FMLB Acquisition, Inc., Medicine Lodge, Kansas -- to acquire First Medicine Lodge 

Bancshares, Inc., and thereby acquire First National Bank of Medicine Lodge.

- Approved, October 13, 1999 

Kansas City

GNB Holdings Trust, Miami, Florida -- to acquire Eagle National Holding Company 

and thereby acquire Eagle National Bank.

- Approved, October 12, 1999 

Atlanta

Heartland Financial USA, Inc., Dubuque, Iowa -- request for waiver of application in 

connection with the acquisition of National Bancshares, Inc., Clovis, New Mexico, 

and thereby acquire First National Bank of Clovis.

- Approved, October 4, 1999 (AC)

Chicago

Hillcrest Bancshares, Inc., Overland Park, Kansas -- to acquire American Bank, 

Wichita.

- Approved, October 15, 1999 

Kansas City

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority October 10, 1999 to October 16, 1999

Bank Holding Companies

Marine Bancorp, Inc., Marathon, Florida -- to become a bank holding company 

through the acquisition of Marine Bank of the Florida Keys.

- Approved, October 12, 1999 

Atlanta

Nexity Financial Corporation, Birmingham, Alabama -- to become a bank holding 

company through the acquisition of Peoples State Bank, Grant.

- Approved, October 15, 1999 

Atlanta

Overton Financial Corporation, Overton, Texas, and Overton Delaware Corporation, 

Dover, Delaware -- to acquire Longview Financial Corporation, Longview, Texas.

- Approved, October 14, 1999 

Dallas

Pinnacle Bancorp, Inc., Central City, Nebraska -- to acquire Park National Bank, 

Estes Park, Colorado.

- Approved, October 15, 1999 

Kansas City

Security Financial Services Corporation, Durand, Wisconsin -- to become a bank 

holding company through the acquisition of Security National Bank of Durand.

- Approved, October 12, 1999 

Minneapolis

TransPecos Financial Corp., San Antonio, Texas -- to acquire The Security State 

Bank of Pecos, Pecos.

- Approved, October 14, 1999 

Secretary

Wells Fargo & Company, San Francisco, California -- to acquire Allied Leasing 

Company, Burnsville, Minnesota, and thereby engage in leasing personal property.

- Approved, October 13, 1999 

San Francisco

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority October 10, 1999 to October 16, 1999

Bank Holding Companies

Wintrust Financial Corporation, Lake Forest, Illinois -- to acquire Tricom, Inc., 

Milwaukee, Wisconsin, and thereby engage in loan and data processing services.

- Withdrawn, October 12, 1999 

Chicago

Bank Mergers

Pinnacle Bank, Papillion, Nebraska -- to merge with Pinnacle Bank, Palmer, and 

Pinnacle Bank, N.A., Central City, and thereby establish additional branches.

- Approved, October 14, 1999 

Kansas City

Banks, State Member

The Bank of Yellville, Yellville, Arkansas -- to exercise fiduciary powers.

- Approved, October 15, 1999 

St. Louis

Change In Bank Control

Community Bancorporation, Inc., Watertown, Wisconsin -- change in bank control.

- Permitted, October 15, 1999 

Chicago

D&H Investment Corporation, Cherokee, Iowa. -- change in bank control.

- Returned, October 4, 1999 (AC)

Chicago

First State Bancorp, Inc., Caruthersville, Missouri -- change in bank control.

- Permitted, October 15, 1999 

St. Louis

Competitive Factors Reports

Baker Boyer National Bank, Walla Walla, Washington -- report on competitive 

factors of the proposed merger with Bank of Commerce, Milton-Freewater, Oregon.

- Submitted, October 13, 1999 

San Francisco

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority October 10, 1999 to October 16, 1999

Competitive Factors Reports

The Boone County National Bank of Columbia, Columbia, Missouri -- report on 

competitive factors of the proposed acquisition of State Bank of Hallsville, Hallsville.

- Submitted, October 13, 1999 

St. Louis

First Federal Bank, Federal Savings Bank, Corydon, Indiana -- report on competitive 

factors of the proposed acquisition of Harrison County Bank, Palmyra.

- Submitted, October 13, 1999 

St. Louis

Sovereign Bank, Wyomissing, Pennsylvania -- report on competitive factors of the 

proposed acquisition of 306 branches of Fleet National Bank, Providence, Rhode 

Island, Fleet Bank-New Hampshire, Manchester, New Hampshire, and BankBoston, 

N.A., Boston, Massachusetts.

- Submitted, October 14, 1999 

Philadelphia

Extensions Of Time

United Financial Corp., Great Falls, Montana -- extension to January 15, 2000, to 

acquire additional shares of Valley Bancorp., Phoenix, Arizona.

- Granted, October 13, 1999 

Minneapolis

Membership

Bank of Murfreesboro, Murfreesboro, Tennessee -- membership in the Federal 

Reserve System.

- Approved, October 15, 1999 

Atlanta

Community First Bank, Forest, Virginia -- membership in the Federal Reserve 

System.

- Approved, October 12, 1999 

Richmond

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority October 10, 1999 to October 16, 1999

Membership

First American State Bank, Greenwood Village, Colorado -- membership in the 

Federal Reserve System.

- Approved, October 13, 1999 

Kansas City

Flagler Bank, West Palm Beach, Florida -- membership in the Federal Reserve 

System.

- Approved, October 13, 1999 

Atlanta

Regulations And Policies

Federal Open Market Committee -- minutes of the meeting on August 24, 1999.

- Published, October 7, 1999 (AC)

FOMC

(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, October 16, 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, October 16, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Banca Intessa S.P.A., Milano, Italy, to establish a branch in New

York, New York, and to establish representative offices in

Chicago, Illinois and San Francisco, California.

Newspaper – N/Avail

18(c)/9 Peapack-Gladstone Bank, Gladstone, New Jersey, to merge

Chatham Savings, FSB, with and into Peapack-Gladstone Bank;

and as an incident thereto, to establish branches.*

Newspaper – 11/08/1999

Branch Manufacturers and Traders Trust Company, Buffalo, New York,

to establish a branch office located at 1111 Route 110, 3rd Floor,

Town of Babylon, New York.*

Newspaper – N/Avail

FBSEA UBS AG, Zurich, Switzerland, to establish a representative

office in Boston, Massachusetts.

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)(3)/3(a)(5) NBT Bancorp Inc., Norwich, New York, to merge with Lake

Ariel Bancorp, Inc., and thereby indirectly acquire LA Bank,

N.A., both of Lake Ariel, Pennsylvania.*

Newspaper – 11/06/1999

Fed Reg – 11/12/1999

4(c)(8) North Fork Bancorporation, Inc., Melville, New York, to acquire

an existing thrift holding company, and indirectly acquire

Jamaica Savings Bank FSB, both of Lynbrook, New York.*

Newspaper – 11/12/1999

Fed Reg – N/Avail

4(c)(8) North Fork Bancorporation, Inc., Melville, New York, to acquire

an existing thrift holding company, and indirectly acquire

Reliance Federal Savings Bank, both of Garden City, New

York.*

Newspaper – 11/12/1999

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) UBS AG, Zurich, Switzerland, to acquire Global Asset

Management Limited, Hamilton, Bermuda, and thereby engage

in various nonbanking activities.

Fed Reg – 10/29/1999

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

through its wholly-owned subsidiary, NatWest Group Holdings

Corporation, New York, New York, in Identrus, LLC, New

York, New York, and engage de novo in digital certification, and

data processing and data transmission activities.

Fed Reg – 11/10/1999

4(c)(8) UBS AG, Zurich, Switzerland, to acquire, indirectly through

UBS (USA) Inc., Stamford, Connecticut, (i) 100 percent of the

voting shares of ARI Acquisition Corporation, Boston,

Massachusetts, and (ii) 100 percent of the membership interest

of Allegis Realty Investors, LLC, Hartford, Connecticut;

AgriVest LLC, Boston, Massachusetts; and Allegis Capital

LLC, Hartford, Connecticut, and thereby engage in certain

nonbanking activities.

Fed Reg – N/Avail

4(c)(8) Chase Manhattan Corporation, New York, New York, to acquire

all of the stock of Hambrecht & Quist Group, Inc., San

Francisco, California, and thereby engage worldwide in:

underwriting and dealing in, to a limited extent, all types of debt

and equity securities other than interests in open-end investment

companies; certain nonbanking activities; and acting as the

general partner of private investment limited partnerships that

invest in assets in which a bank holding company is permitted to

invest.

Fed Reg – N/Avail

4(c)(8) Fuji Bank, Ltd., Tokyo, Japan, to establish through Heller

Financial, Inc., Chicago, Illinois (“Heller”), a joint-venture

between Heller’s indirect, wholly-owned subsidiary, Heller

Financial Leasing, Inc., Troy, Michigan, and SFS Holding

Corporation, Park Ridge, New Jersey, an indirect, wholly-owned

subsidiary of SONY Corporation, Tokyo, Japan, and thereby

engage in various nonbanking activities.

Fed Reg – N/Avail

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, October 16, 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 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, October 16, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Received notice from Somerset Trust Company, Somerset, PA

on 10/15/1999 of its intent to establish a branch office at 801

Barn Street, Hooversville, PA.

10/26/1999

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, October 16, 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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, October 16, 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) First State Financial Corporation, Sarasota, Florida, to acquire

First State Bank of Pinellas, St. Petersburg, Florida.

Newspaper – 11/03/1999

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

470836 Farmers & Merchants Bank

Post Office Box 220

Centre, Alabama 35960

(205) 927-3691

07/06/1999 10/11/1999 S X

Section VI – CRA examinations scheduled for Quarter of N/A

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, October 16, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Old Kent Bank

Grand Rapids, Michigan

 1332 Hilltop Road

 St. Joseph, Michigan

Newspaper – 10/18/1999

Branch Citizens Bank

Flint, Michigan

 900 Victors Way

 Ann Arbor, Michigan

Newspaper – 10/22/1999

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

Type Application

Ending date of

comment period

3(a)(3) Farmers and Merchants Bancshares, Inc.*

Burlington, Iowa

 Farmers and Merchants Bank and Trust (in organization)

 Mount Pleasant, Iowa

Fed Reg – 10/18/1999

Newspaper – 10/27/1999

3(a)(1) Merchants Merger Corp.*

New Berlin, Wisconsin

 Pyramid Bancorp, Inc.

 Grafton, Wisconsin

 Grafton State Bank

 Grafton, Wisconsin

Fed Reg – N/Avail

Newspaper – 11/5/1999

* 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 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, October 16, 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

1146 Pulaski Bank & Trust

Little Rock, Arkansas

6/7/1999 10/11/1999 S X

277558 First State Bank of St. Robert

St. Robert, Missouri

6/21/1999 10/15/1999 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, October 16, 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

CIC The Irrevocable Amundson Grandson's Family Trust, Sioux

Falls, South Dakota, and The Irrevocable Amundson

Granddaughter's Family Trust, Sioux Falls, South Dakota, to

acquire control of Madison Agency, Inc., Sioux Falls, South

Dakota.

Fed Reg - 11/02/1999

3(a)(3) Truman Bancshares, Inc., Truman, Minnesota, for prior approval

to acquire 100% of the voting shares of Martin County Fidelity

Bancshares Company, Fairmont, Minnesota.*

N/Avail.

3(a)(1) Martin County Fidelity Bancshares Company, Fairmont,

Minnesota, for prior approval to become a bank holding

company through the acquisition of 87.65% of the voting shares

of Martin County National Bank, Fairmont, Minnesota.*

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 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, October 16, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Farmers State Bank, Quinton, Oklahoma, to establish a branch

office at H and East Main, Stigler, Oklahoma.

Newspaper – 09/30/1999

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

Type Application

Ending date of

comment period

3(a)(1) Exchange Bancshares of Moore, Inc., Moore, Oklahoma, to

become a bank holding company through the acquisition of 63.2

percent of the voting shares of Exchange National Bank of

Moore, Moore, Oklahoma.

Newspaper – N/Avail

Fed Reg – 10/15/1999

CIC Piton, L.P., and Ram’s Horn, L.P., both of Tulsa, Oklahoma, to

acquire 12 percent of the voting shares of Sooner Southwest

Bankshares, Inc., Tulsa, Oklahoma, and thereby indirectly

acquire First National Bank of Hugo, Hugo, Oklahoma, and

Community Bank, Bristow, Oklahoma.

Newspaper – N/Avail

Fed Reg – 11/04/1999

CIC Craig G. Brewster, Butte, Nebraska, to acquire voting shares of

Butte State Company, Butte, Nebraska, and thereby indirectly

acquire Butte State Bank, Butte, Nebraska.

Newspaper – N/Avail

Fed Reg – 11/15/1999

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 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, October 16, 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) Paradigm Bancorporation, Inc., Houston, TX, to acquire

Dayton State Bank, Dayton, TX*

(previously reported the week ending October 9, 1999)

Fed Reg – 11/05/1999

Newspaper – 11/02/1999

3(a)(3) North American Bancshares, Inc., Sherman, TX, to acquire

Marble Falls National Bancshares, Inc., Marble Falls, TX, and

Marble Falls National Bank, Marble Falls, TX*

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(5) Texas Independent Bancshares, Inc., Texas City, TX, to acquire

American Independent Bancshares, Inc., Santa Fe, TX, and

Texas First Bank, Santa Fe, TX*

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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, October 16, 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) Heritage Commerce Corp., San Jose, California, to acquire

Heritage Bank South Valley (Proposed), Morgan Hill,

California. *

Newspaper - 10/31/1999

Fed Reg - 11/08/1999

* 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

4(c)(8) The Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan, to indirectly

acquire Heller Financial, Inc., Chicago, Illinois, through The

CIT Group, New York, New York.

Fed Reg - 11/02/1999

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

Type Application

3(a)(5)(C) FNB Bancorp, to become a bank holding company by acquiring

First National Bank, both of Layton, Utah.

Member First Community Bank of the Desert, Indian Wells, 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

711865 Bank of Coronado

1190 Orange Avenue

Coronado, CA 92118-3468

(619) 230-5377

06/01/1999 10/12/1999 S X

974567 M&I Thunderbird Bank

1 E. Camelback Road

Phoenix, AZ 85012-1658

(602) 241-6500

03/22/1999 10/13/1999 S X

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