Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 3

Week Ending January 19, 2002

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions January 13, 2002 to January 19, 2002

Bank Mergers

Banco Popular de Puerto Rico, Hato Rey, Puerto Rico -- to acquire certain assets 

and assume certain liabilities of three branches of Banco Bilbao Vizcaya Argentaria 

Puerto Rico, San Juan, in Orocovis, Ciales, and Adjuntas.

- Approved, January 14, 2002 

Enforcement

Dexia, S.A., Brussels, Belgium; Dexia Bank Belgium, S.A.; and Dexia Credit Local 

de France, Paris, France -- issuance of an order of assessment of a civil money 

penalty.

- Announced, January 14, 2002 

(AC) = Addition or Correction Board - Page 1 of 1
January 13, 2002 to January 19, 2002

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 Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Banco Popular North America, New York, New York -- to establish a branch at 148 

Ferry Street, Newark, New Jersey.

- Approved, January 15, 2002 

New York

Community Banks of Colorado, Greenwood Village, Colorado -- to establish a branch at 

255 Bold Rivers Road, Basalt.

- Approved, January 15, 2002 

Kansas City

First American Bank & Trust, Madison, South Dakota -- to establish a branch at 

Highway 12 and 12th Street, Watertown.

- Approved, January 16, 2002 

Minneapolis

Hinsdale Bank & Trust Company, Hinsdale, Illinois -- to establish a branch at 17 E. 

Burlington Avenue, Riverside, Illinois.

- Approved, January 14, 2002 

Chicago

HSBC Bank USA, Buffalo, New York -- to establish a branch at 3410-3418 

Broadway, New York.

- Approved, January 18, 2002 

New York

Midwest BankCentre, St. Louis, Missouri -- to establish a limited-service branch at 

13590 South Outer Forty Road, Chesterfield.

- Approved, January 18, 2002 

St. Louis

(AC) = Addition or Correction Delegated - Page 1 of 5
H.2 Actions under delegated authority January 13, 2002 to January 19, 2002

Bank Holding Companies

Andrews Holding Company, Inc., Andrews, Texas -- to become a bank holding 

company through the acquisition of Commercial State Bank.

- Approved, January 16, 2002 

Dallas

Baylor Bancshares, Inc., Seymour, Texas, and Baylor Delaware Corporation, Inc., 

Wilmington, Delaware -- to acquire Citizens State Bank, Princeton, Texas.

- Approved, January 17, 2002 

Dallas

First Charter Corporation, Charlotte, North Carolina -- to retain an interest in Catawba 

Valley Bancshares, Inc., Hickory.

- Approved, January 18, 2002 

Richmond

First National of Illinois, Inc., Omaha, Nebraska, and First National of Nebraska, Inc. -- 

for First National of Illinois, Inc. to become a bank holding company through the 

acquisition of Castle Bank, N.A., DeKalb, Illinois; and for First National of Nebraska, 

Inc., Omaha, Nebraska, to acquire First National of Illinois, Inc.

- Approved, January 16, 2002 

Kansas City

Mercantile Bancorp, Inc., Quincy, Illinois -- to acquire shares of NorthStar Bancshares, 

Inc., Kansas City, Missouri, and thereby acquire NorthStar Bank, N.A.

- Approved, January 15, 2002 

St. Louis

People's Community Bancshares, Inc., Sarasota, Florida -- to become a bank holding 

company through the acquisition of People's Community Bank of the West Coast.

- Returned, January 16, 2002 

Atlanta

Southern Bancorp, Inc., Marietta, Georgia -- commitment waiver request.

- Granted, January 14, 2002 

Atlanta

(AC) = Addition or Correction Delegated - Page 2 of 5
H.2 Actions under delegated authority January 13, 2002 to January 19, 2002

Bank Holding Companies

TCSB Bancorp, Inc., Traverse City, Michigan -- to become a bank holding company 

through the acquisition of Traverse City State Bank.

- Withdrawn, January 11, 2002 (AC)

Chicago

Bank Mergers

Security State Bank of Pecos, Pecos, Texas -- to purchase certain assets and assume 

certain liabilities of the branch of Bank of Sierra Blanca, Sierra Blanca, at Highway 80 

and FM 1111, and thereby establish a branch.

- Approved, January 18, 2002 

Dallas

Change In Bank Control

Commerce Bankshares, Inc., Aurora, Colorado -- change in bank control.

- Permitted, January 14, 2002 

Kansas City

Shannon Bancorp, Inc., Shannon, Illinois -- change in bank control.

- Permitted, January 15, 2002 

Chicago

Union Bancorp, Inc., Pottsville, Pennsylvania -- change in bank control.

- Permitted, January 14, 2002 

Philadelphia

Competitive Factors Reports

Branch Banking and Trust Company of Virginia, Richmond, Virginia -- report on 

competitive factors of the proposed merger with F&M Trust Company, Winchester.

- Submitted, January 14, 2002 

Richmond

Cardinal Bank, National Association, Fairfax, Virginia -- report on competitive factors of 

the proposed merger with Cardinal Bank-Manassas/Prince William, National 

Association, Manassas.

- Submitted, January 14, 2002 

Richmond

(AC) = Addition or Correction Delegated - Page 3 of 5
H.2 Actions under delegated authority January 13, 2002 to January 19, 2002

Competitive Factors Reports

Citizens State Bank, Princeton, Texas -- report on competitive factors of the proposed 

merger with Baylor Acquisition Corporation, Seymour.

- Submitted, January 14, 2002 

Dallas

City National Bank, Beverly Hills, California -- report on competitive factors of the 

proposed merger with CivicBank of Commerce, Oakland.

- Submitted, January 14, 2002 

Secretary

First Independent Bank, Russell, Minnesota -- report on competitive factors of the 

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

branch of United Prairie Bank-Slayton, Slayton.

- Submitted, January 18, 2002 

Minneapolis

First State Bank, Temple, Texas -- report on competitive factors of the proposed 

acquisition of the branch of First Bank of Texas, Tomball, at 101 East Henry, Hamilton.

- Submitted, January 15, 2002 

Dallas

Marshall Savings Bank, FSB, Marshall, Michigan -- report on competitive factors of the 

proposed acquisition of the Marshall branch of TCF National Bank, Minneapolis, 

Minnesota.

- Submitted, January 15, 2002 

Chicago

Willow Grove Bank, Willow Grove, Pennsylvania -- report on competitive factors of the 

proposed merger with Willow Grove Interim Federal Savings Association, Willow Grove 

Bancorp Interim Federal Savings Association, and Willow Grove MHC Interim Savings 

Association.

- Submitted, January 14, 2002 

Philadelphia

(AC) = Addition or Correction Delegated - Page 4 of 5
H.2 Actions under delegated authority January 13, 2002 to January 19, 2002

Extensions Of Time

A.N.B. Holding Company, Ltd., Terrell, Texas -- extension to March 13, 2002, to 

acquire The ANB Corporation, The ANB Delaware Corporation, and The American 

National Bank of Texas.

- Granted, January 16, 2002 

Dallas

Ames National Corporation, Ames, Iowa -- extension to April 5, 2002, to increase and 

retain its investment in Mahaska Investment Company, Oskaloosa, and thereby acquire 

Midwest Federal Savings and Loan Association of Eastern Iowa, Burlington, and Central 

Valley Bank, Ottumwa.

- Granted, January 2, 2002 (AC)

Chicago

Citibank, N.A., New York, New York -- extension to December 1, 2002, for its 

subsidiaries, Citibank Overseas Investment Corporation, New Castle, Delaware, and 

Citibank Espana, SA, Madrid, Spain, to divest interests in certain properties.

- Granted, January 15, 2002 

Secretary

River Valley Bancorp, Inc., Eldridge, Iowa -- extension to April 5, 2002, to acquire State 

Bank of Latham, Latham, Illinois.

- Granted, January 2, 2002 (AC)

Chicago

Membership

Sun Bank, Sunray, Texas -- membership in the Federal Reserve System.

- Approved, January 18, 2002 

Dallas

(AC) = Addition or Correction Delegated - Page 5 of 5
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, January 19, 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 Dorothy M. Mawn, Woburn, Massachusetts; James Lawrence 

Mawn, Malden, Massachusetts; Russell A. Mawn, Vestavia 

Hills, Alabama; the Thomas M. Mawn, Jr., Trust Fund B, 

Woburn, Massachusetts; and Mary Elizabeth Mawn-Ferullo, 

Woburn, Massachusetts; acting in concert; to acquire voting 

shares of Northern Bancorp, Inc., Woburn, Massachusetts, and 

thereby indirectly acquire Northern Bank and Trust Company, 

Woburn, Massachusetts 

CIC James J. Mawn, Gloucester, Massachusetts; Rita M. Mawn, 

Naples, Florida; Rita M. Barger, Manlius, New York; Sheila E. 

Carpenter, San Antonio, Texas; James J. Mawn, Jr., 

Charlestown, Massachusetts; Alicia J. Mawn-Mahlau, and Sam 

A. Mawn-Mahlau, both of Winchester, Massachusetts; Louise S. 

McDonough, Woburn, Massachusetts; Mary E. Negri, Woburn, 

Massachusetts; Mary Catherine Riley, Princeton, New Jersey; 

and the Mawn Family Limited Partnership, Woburn, 

Massachusetts; acting in concert; to acquire voting shares of 

Northern Bancorp, Inc., Woburn, Massachusetts, and thereby 

indirectly acquire Northern Bank and Trust Company, Woburn, 

Massachusetts 

Newspaper – N/Avail Fed 

Reg – 01/29/2002 

Newspaper – N/Avail Fed 

Reg – 01/29/2002 

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 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, January 19, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18C, MBR Industrial Bank of Japan Trust Company, New York, New York 

to merge with IBJ Whitehall Bank and Trust, New York, New 

York. 

01/18/2002

BKBR JP Morgan Chase Bank, New York, New York, to establish a 

branch office at 300 Crescent Court, Suite 400, Dallas, Texas. 

02/16/2002

BKBR JP Morgan Chase Bank, New York, New York, to establish a 

branch office at 744 Broad Street, Newark, New Jersey. 

02/11/2002

* 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 

3A3A Trustco Bank Corporation of NY, to purchase up to 9.9 percent 

of Troy Financial Corporation, Troy, New York. 

01/27/2002

3A1A, 3A3A, 

3A5A 

Chinatrust Commercial Bank, Ltd., Taipei, China, to acquire 

indirectly 100% of the voting shares of Chinatrust Commercial 

Bank, Ltd., Taipei, Taiwan, and thereby become a BHC through 

the indirect ownership of Chinatrust Bank, Torrance, California. 

N/A

* 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 

4C8ORD Bayerische Hypo-Und Vereinsbank AG, Munich, Germany, to 01/31/2002 

engage in certain nonbanking activities both directly and 

through Identrus LLC, New York, New York. 
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, January 19, 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 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, January 19, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Received notice from Fifth Third Bank, Western Michigan, 01/15/2002 

Grand Rapids, MI on 01/16/2002 of its intent to establish a 

branch at Independence Village, 2530 Marfitt Road, East 

Lansing, MI.* 

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

Ending date of 

Type Application comment period 

4(c)(8) Received application on 01/07/2002 from National Bancshares Fed. Reg. – 02/08/2002 

Corporation, Orrville, OH to acquire Peoples Financial 

Corporation and Peoples Federal Savings and Loan Association, 

both of Massillon, OH.* 

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, January 19, 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 

3(a)(1) First Reliance Bancshares, Inc., Florence, South Carolina, to Fed Reg - 02/15/2002 

become a bank holding company through the acquisition of Newspaper - 02/14/2002 

100% of the voting shares of First Reliance Bank, Florence, 

South Carolina.* 

*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 

802129 Farmers & Mechanics Bank 10/09/2001 01/17/2002 O X 

110 Thomas Jefferson Drive 

Frederick, Maryland 21702 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, January 19, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

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

located at 685 South Babcock Street, Melbourne, Florida, to be 

known as Harbor City Branch. 

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

located at 233 Ponte Vedra Park Drive, Ponte Vedra, Florida, to 

be known as the Ponte Vedra Branch. 

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

located at 12100 Lake Underhill Road, Orlando, Florida, to be 

known as the Waterford Lakes Branch. 

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

located at 415 Sam Ridley Parkway West, Smyrna, Tennessee, 

to be known as the Smyrna Remote Drive-Thru. 

18(c) Colonial Bank, Montgomery, Alabama, to merge with First 

Mercantile Bank, N.A., Dallas, Texas. 

01/17/2002* 

01/31/2002* 

01/31/2002* 

01/31/2002* 

02/13/2002* 

*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)(5) The Colonial BancGroup, Inc., Montgomery, Alabama, to merge 

with Mercantile Bancorp, Inc., and thereby acquire First 

Mercantile Bank, N.A., both of Dallas, Texas. 

Fed Reg – 02/22/2002* 

3(a)(1) Folkston Investors, LLC, Savannah, Georgia, to become a bank 

holding company by acquiring First National Corporation, and 

its subsidiary, First National Bank of Folkston, both of Folkston, 

Georgia. 

Fed Reg – 02/15/2002* 

4(c)(8) Colony Bankcorp, Inc., Fitzgerald, Georgia, to acquire Quitman 

Bancorp, Inc., and its subsidiary, Quitman Federal Savings 

Bank, both of Quitman, Georgia, and thereby engage in 

operating a savings association. 

Fed Reg - 02/21/2002* 

*Subject to 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 

WAIVR F.N.B. Corporation, Naples, Florida, application waiver request 

for the proposed merger with Central Bank Shares, Inc., 

Orlando, Florida, and indirect acquisition of First National Bank 

of Florida, Naples, Florida. 

WAIVR The Colonial BancGroup, Montgomery, Alabama, application 

waiver request for the proposed merger with Mercantile 

Delaware Bancorp, Inc., Dover, Delaware, and indirect 

acquisition of First Mercantile Bank, N.A., Dallas, Texas. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD 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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, January 19, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Bank Iowa, Altoona, Iowa, for prior approval to establish a 

branch at 215 West Second Street North, Newton, Iowa.* 

Branch Comerica Bank, Detroit, Michigan, for prior approval to 

establish a branch at the intersection of Grand River and Latson 

Roads, Genoa Township, Michigan.* 

Branch Comerica Bank, Detroit, Michigan, for prior approval to 

establish a branch at 1237 South Lapeer Road, Lake Orion, 

Michigan.* 

18(c) & Branch Town & Country Bank of Springfield, Springfield, Illinois, for 

prior approval to merge with Bank of Palmyra, Palmyra, Illinois 

and thereby to establish a branch at 322 N. Main Street, 

Palmyra, Illinois.* 

Newspaper – 01/23/2002 

Newspaper – 01/17/2002 

Newspaper – 12/21/2001 

Newspaper – N/Avail 

* 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 

3(a)(3) Central Bancshares, Inc., Muscatine, Iowa, for prior approval to 

acquire 100 percent of the voting shares of Marquette Bank 

Illinois, Galesburg, Illinois.* 

CC Notification by CoVest Bancshares, Inc. Employee Stock 

Ownership Plan Trust, Paul A. Larsen, James L. Roberts and 

Barbara A. Buscemi, Trustees, of a Change in Control of CoVest 

Bancshares, Inc., Des Plaines, Illinois. 

CC Notification by Brian and Elizabeth Riddell, as general partners 

of Riddell Family Limited Partnership and William and Linda 

Biles for prior approval to each own 50% of First Heartland 

Bancorp., Sioux Center, Iowa. 

Fed Reg – 02/08/2002 

Newspaper – 02/04/2002 

Fed Reg – 01/16/2002 

Newspaper – 01/09/2002 

Fed Reg – 01/17/2002 

Newspaper – 01/16/2002 
Section II – Applications subject to both newspaper and Federal Register notice 

Ending date of 

Type Application comment period 

3(a)(5) First Merchants Corporation, Muncie, Indiana, for prior 

approval to acquire 100 percent of the voting shares of Lafayette 

Bancorporation, Lafayette, Indiana and thereby indirectly 

acquire Lafayette Bank and Trust Company, Lafayette, Indiana.* 

4(c)(8) First Mutual of Richmond, Inc., Richmond, Indiana and 

Richmond Mutual Bancorporation, Inc., Richmond, Indiana, for 

prior approval to acquire 100 percent of the voting shares of 

AmTrust Capital Corp., Peru, Indiana and thereby indirectly 

acquire American Trust Federal Savings Bank, Peru, Indiana 

and Indiana Financial Service Corporation, Peru, Indiana.* 

3(a)(3) Illini Corporation, Springfield, Illinois, for prior approval to 

acquire 100 percent of the voting shares of Illinois Community 

Bancorp, Inc., Effingham, Illinois and thereby indirectly acquire 

Illinois Community Bank, Effingham, Illinois.* 

Notification by Douglas & Mary Kapnick, Mary E. Kapnick 

Trust, Douglas L. Kapnick Trust and Elmer L. Kapnick Trust, of 

a Change in Control of Lenawee Bancorp, Inc., Adrian, 

Michigan. 

3(a)(5) Macatawa Bank Corporation, Holland, Michigan, for prior 

approval to acquire 100 percent of the voting shares of Grand 

Bank Financial Corporation, Grand Rapids, Michigan and 

thereby indirectly acquire Grand Bank, Grand Rapids, 

Michigan.* 

3(a)(5) Marshall & Ilsley Corporation, Milwaukee, Wisconsin, for prior 

approval to acquire 100 percent of the voting shares of Richfield 

State Agency, Inc., Richfield, Minnesota and thereby indirectly 

acquire Richfield Bank & Trust Co., Richfield, Minnesota.* 

3(a)(5) Marshall & Ilsley Corporation, Milwaukee, Wisconsin, for prior 

approval to acquire 100 percent of the voting shares of Century 

Bancshares, Inc., Eden Prairie, Minnesota and thereby indirectly 

acquire Century Bank, National Association, Eden Prairie, 

Minnesota.* 

3(a)(3) River Valley Bancorp, Inc., Eldridge, Iowa, for prior approval to 

acquire 100 percent of the outstanding voting shares of State 

Bank of Seaton, Seaton, Illinois.* 

Fed Reg – 02/11/2002 

Newspaper – N/Avail 

Fed Reg – 01/14/2002 

Newspaper – 01/14/2002 

Fed Reg – 02/04/2002 

Newspaper – 02/07/2002 

Fed Reg – 01/23/2002 

Newspaper – 01/20/2002 

Fed Reg – 01/18/2002 

Newspaper – 01/16/2002 

Fed Reg – 01/18/2002 

Newspaper – 01/11/2002 

Fed Reg – 02/04/2002 

Newspaper – 01/27/2002 

Fed Reg – 01/14/2002 

Newspaper – 01/11/2002 

* 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 

CC 
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 

465243 Garrett State Bank 

120 W. King 

Garrett, Indiana 46738 

(219) 357-3133 

991340 1st Source Bank 

100 N. Michigan 

South Bend, Indiana 46601 

(219)235-2000 

10/29/2001 01/15/2002 S X 

06/11/2001 01/17/2002 S X 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, January 19, 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 involving First National Corporation of Wynne, Wynne, Newspaper – 1/31/2002 

Arkansas, by First National Bank of Wynne ESOP, Wynne, Fed Reg – 1/31/2002 

Arkansas, to retain 10.26 percent. (Previously submitted during 

the week ending January 12, 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 

341646 Area Bank 

Owensboro, Kentucky 

8/13/2001 1/14/2002 S X 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, January 19, 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 Edward T. Christian Revocable Trust dated October 

23, 2001 to retain control of Kiester Investments, Inc., Kiester, 

Minnesota. 

Fed Reg – 01/28/2002 

Newspaper – 01/30/2002 

CIC Notice by Catherine and Kim Jackson to gain control of Graham 

Shares of Waverly, Inc., Waverly, Minnesota. 

Fed Reg – 01/31/2002 

Newspaper – 01/30/2002 

3(a)(1) Credit Riviere Bancorporation, Inc., Austin, Texas, proposes to 

become a bank holding company through the acquisition of 

100% of the voting shares of First State Bank of Sinai, Sinai, 

South Dakota.* 

Fed Reg – 02/15/2002 

Newspaper – 02/15/2002 

CIC Notice by Mildred M. Hansen Trust and Mildred M. Hansen 

individually and as trustee of the Mildred M. Hansen Trust, to 

gain control of Currie Bancorporation, Inc., Currie, Minnesota. 

Fed Reg – 02/11/2002 

Newspaper – N/Avail. 

3(a)(3) Frandsen Financial Corporation, Arden Hills, Minnesota, for 

prior approval to acquire 100% of the voting shares of 

Community National Corporation, Grand Forks, North Dakota.* 

Fed Reg – N/Avail. 

Newspaper – 02/25/2002 

*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 

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, January 19, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Gold Bank, Leawood, Kansas, for prior approval to establish a

branch at 15203 W. 119th Street, Olathe, Kansas.

Newspaper – 01/23/2002

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

Type Application

Ending date of

comment period

3(a)(1) Riverdale Bancshares, Inc., Riverdale, Nebraska, for prior

approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of State Bank of

Riverdale, Riverdale, Nebraska

Newspaper – 02/11/2001

Fed Reg – 02/11/2002

3(a)(3) Lauritzen Corporation, Omaha, Nebraska, for prior approval to

acquire an additional 1.54 percent, for a total of 23.03 percent of

the voting shares of First National of Nebraska, Inc., Omaha,

Nebraska.

Newspaper – 02/11/2002

Fed Reg – 02/04/2002

3(a)(3) Central Financial Corporation, Hutchinson, Kansas, for prior

approval to acquire up to 40 percent of the voting shares of Bank

of Nevada, Las Vegas, Nevada.

Newspaper – 02/15/2002

Fed Reg – 02/15/2002

3(a)(3) First York BanCorp, Inc., York, Nebraska, for prior approval to

acquire 100 percent of the voting shares of K.L. & D.M., Inc.,

Polk, Nebraska, parent of Citizens State Bank, Polk, Nebraska,

and Stewart Insurance Agency, Inc., Polk, Nebraska.

Newspaper – 01/26/2002

Fed Reg – 01/28/2002

CIC Richard S. Nelson, Powell, Wyoming, to acquire control of First

Company, Powell, Wyoming, parent of First National Bank and

Trust Company, Powell, Wyoming.

Newspaper – N/Available

Fed Reg – 02/05/2002

CIC Edward Palmer Milbank, Chillicothe, Missouri, to acquire

control of IFB Holdings, Inc., Chillicothe, Missouri; and thereby

indirectly acquire Investors Federal Bank, National Association,

Chillicothe, Missouri

Newspaper – N/Available

Fed Reg – N/Available
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

900258 Oregon Trail Bank

Wyoming & Whalen

Guernsey, Wyoming 82214

10/29/2001 01/17/2002 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, January 19, 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 

3(a)(1) Outsource Holdings, Inc., Lubbock, TX, to acquire Outsource 

Delaware Holdings, Inc., Lubbock, TX, and First Citizens Bank, 

N.A., Dallas, TX* 

Fed Reg – 02/15/2002 

Newspaper – N/Avail 

3(a)(1) Outsource Delaware Holdings, Inc., Lubbock, TX, to acquire 

First Citizens Bank, N.A., Dallas, TX* 

Fed Reg – 02/15/2002 

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 

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 

352651 Bank of Commerce 10/01/2001 01/22/2002 S X 

201 N. Main St. 

McLean, Texas 79057 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, January 19, 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 

3(a)(1) Sinopac Holdings, Taipei, Taiwan, to become a bank holding Newspaper – N/Avail 

company by acquiring Far East National Bank, Los Angeles, Fed Reg – 2/11/2002 

California.* 

* 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 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None