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

Actions of the Board, Its Staff,

and the Federal Reserve Banks:

No. 3

Week Ending January 17, 1998

Federal Reserve Release

H.2

Applications and Reports Received
No. 3

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Fleet Financial Group, Inc., Boston, Massachusetts -- to acquire The Quick &

Reilly Group, Inc., Palm Beach, Florida, and engage in nonbanking activities.

- Permitted, January 14, 1998 

BANK HOLDING COMPANIES

NationsBank Corporation, Charlotte, North Carolina -- requests for reconsideration

of the Board's approval of the application and notice to acquire Barnett Banks, Inc.,

Jacksonville, Florida

- Denied, January 15, 1998 

Bank of Scotland, Edinburgh, Scotland -- to establish a representative office in

Seattle, Washington.

- Approved, January 14, 1998 

BANKS, FOREIGN

Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) --

proposal to eliminate the Schedule HC-J report.

- Approved, January 12, 1998 

FORMS

Domestic Branch Notification (FR 4001) -- extension, without revision. 

- Approved, January 12, 1998 

Government Securities Dealers Reports (FR 2004A, FR 2004B, FR 2004C, FR

2004SI, and FR 2004WI) -- extension, with revision.

- Approved, January 12, 1998 

Investment in Bank Premises Notification (FR 4014) -- extension for three years,

without revision.

- Approved, January 12, 1998 

Money Market Mutual Fund Asset Reports -- extension of FR 2051a and FR

2051b, with reductions in FR 2051b, and to discontinue FR 2951c and FR 2051d.

- Approved, January 14, 1998 

Reports Related to Securities of State Member Banks as Required by Regulation H

-- extension, without revision.

- Approved, January 12, 1998 
H.2

January 11, 1998 to January 17, 1998

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Page 2

Weekly Report of Assets and Liabilities for Large Banks (FR 2416) -- to eliminate

two memoranda items

- Approved, January 12, 1998 
H.2

January 11, 1998 to January 17, 1998

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

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

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

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

Bank of Heber Springs State Bank, Heber Springs, Arkansas -- to establish a branch

at 1070 Main Street, Vilonia, Arkansas.

- Approved, January 12, 1998 

BANK BRANCHES, DOMESTIC

St. Louis

Chase Manhattan Bank, New York, New York -- to establish a branch at 191 Mason

Street, Greenwich, Connecticut.

- Approved, January 16, 1998 

New York

First State Bank of Warner, Warner, South Dakota -- to establish a branch at 3315

6th Avenue, S.E., Aberdeen, South Dakota.

- Approved, January 16, 1998 

Minneapolis

Security Bank Minnesota, Albert Lea, Minnesota. -- to establish a branch at 302

Elton Hills Drive Northwest, Rochester, Minnesota.

- Approved, January 12, 1998 

Minneapolis

Bayerische Vereinsbank AG, Munich, Federal Republic of Germany -- to retain

control of Hypo Securities Inc., New York, New York, and engage in the brokerage

of securities, as agent for the account of customers, and investment advisory

activities.

- Permitted, January 15, 1998 

BANK HOLDING COMPANIES

New York

Central Illinois Bancorp, Inc., Sidney, Illinois -- to acquire CIB Bank, Indianapolis,

Indiana.

- Approved, January 12, 1998 

Chicago
H.2

January 11, 1998 to January 17, 1998

Page 2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Commerce Exchange Corporation, Beachwood, Ohio -- to acquire shares of

Preferred Capital, Inc.

- Returned, January 15, 1998 

Cleveland

Eggemeyer Advisory Corp., San Diego, California; Castle Creek Capital, LLC, and

Castle Creek Capital Partners Fund-I, L.P. -- to acquire Coastal Credit Corporation,

Virginia Beach,Virginia.

- Withdrawn, January 14, 1998 

San Francisco

First Business Bancshares, Inc., Madison, Wisconsin -- to engage in leasing activity

through an investment in M2 Lease Funds LLC., Madison, Wisconsin.

- Permitted, January 14, 1998 

Chicago

First Untied Bancshares, Inc., El Dorado, Arkansas -- to acquire Citizens National

Bancshares of Hope, Inc., Hope, Arkansas, and Citizens National Bank of Hope; and

Peoples Bank and Loan Company, Lewisville, Arkansas..

- Approved, January 16, 1998 

St. Louis

Firstrust Corporation, New Orleans, Louisiana -- to acquire Peoples Bank of

Louisiana, Amite, Louisiana.

- Approved, January 13, 1998 

Atlanta

Franklin Financial Services Corporation, Chambersburg, Pennsylvania -- to engage in

community development activities.

- Permitted, January 14, 1998 

Philadelphia

Gifford Bancorp, Inc. Employee Stock Ownership Plan, Gifford, Illinois -- to acquire

Gifford Bancorp, Inc., and Gifford State Bank

- Approved, January 16, 1998 

Chicago
H.2

January 11, 1998 to January 17, 1998

Page 3

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Hoosac Financial Services, Inc., North Adams, Massachusetts -- to acquire Hoosac

Bank.

- Approved, January 15, 1998 

Boston

Magnolia Partnership Investment, Beaumont, Texas, and First of Groves

Corporation, Groves, Texas -- to acquire First National Bank of Silsbee, Silsbee,

Texas.

- Approved, January 12, 1998 

Dallas

Middle Georgia Corporation, Ellaville, Georgia -- to acquire Fairbanco Holding

Company, Inc., Fairburn, and Fairburn Banking Company, and engage in operating a

savings association through the latter.

- Permitted, January 13, 1998 

Atlanta

National City Corporation, Cleveland, Ohio -- to acquire JBH Travel Audit, Inc.,

Denver, Colorado, and engage in data processing and collection agency services.

- Permitted, January 16, 1998 

Secretary

Regions Financial Corporation, Birmingham, Alabama -- to merge with First United

Bancorporation, Anderson, South Carolina, and acquire Anderson National Bank,

Anderson, South Carolina, and Spartanburg National Bank, Spartanburg, South

Carolina.

- Approved, January 14, 1998 

Atlanta

Regions Financial Corporation, Birmingham, Alabama -- to acquire Quick Credit

Corporation, Anderson, South Carolina, and engage in consumer finance activities

and credit insurance activities.

- Permitted, January 14, 1998 
H.2

January 11, 1998 to January 17, 1998

Page 4

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Regions Financial Corporation, Birmingham, Alabama -- to merge with St. Mary

Holding Corporation, Franklin, Louisiana, and acquire The St. Mary Bank and Trust

Company.

- Approved, January 14, 1998 

Farmers Bank of Maryland, Annapolis, Maryland -- to merge with The Carolina

Bank, Greensboro, Maryland.

- Approved, January 13, 1998 

BANK MERGERS

Richmond

Bankers' Bank of Kentucky, Frankfort, Kentucky -- to relocate its main office to 107

Progress Drive.

- Approved, January 15, 1998 

BANKS, STATE MEMBER

St. Louis

Bay-Hermann-Berger Bank, Hermann, Missouri -- payment of a dividend.

- Approved, January 14, 1998 

St. Louis

First State Bank, Harrah, Oklahoma -- payment of a dividend.

- Approved, January 15, 1998 

Kansas City

Security Bank, Harrison, Arkansas -- payment of a dividend.

- Approved, January 16, 1998 

St. Louis

Fidelity Cooperative Bank, Fitchburg, Massachusetts -- report on competitive factors

of the proposed merger with Shirley Cooperative Bank, Shirley, Massachusetts.

- Submitted, January 14, 1998 

COMPETITIVE FACTORS REPORTS

Boston
H.2

January 11, 1998 to January 17, 1998

Page 5

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

First National Bank & Trust Company of Miami, Miami, Oklahoma -- report on

competitive factors of the proposed merger with Bank of Miami.

- Submitted, January 15, 1998 

Kansas City

Hiawatha National Bank, Hager City, Wisconsin -- report on competitive factors of

the proposed merger with First National Bank of Glenwood, Glenwood City,

Wisconsin.

- Submitted, January 13, 1998 

Minneapolis

Hometown Bank, Clyde, North Carolina -- report on competitive factors of the

proposed merger with Shelby Savings Bank, SSB, Shelby, North Carolina.

- Submitted, January 13, 1998 

Richmond

National Bank of Commerce, Pampa, Texas -- report on competitive factors of the

proposed merger with First Bank & Trust, Shamrock, Texas.

- Submitted, January 12, 1998 

Dallas

United Prairie Bank-Slayton, Slayton, Minnesota -- report on competitive factors of

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

Minnesota, branch of ICF National Bank Minnesota, Minneapolis, Minnesota.

- Submitted, January 16, 1998 

Minneapolis

Webster Bank, Waterbury, Connecticut -- report on competitive factors of the

proposed merger with Webster Bank and Eagle Bank, Bristol, Connecticut.

- Submitted, January 13, 1998 

Boston
H.2

January 11, 1998 to January 17, 1998

Page 6

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Banco de Colombia, S.A, Santa Fe de Bogota, Colombia -- extension of trust

agreement between Sabrina Properties, N.V., Curacao, Netherlands Antilles, and the

Bank of New York as trustee, with respect to shares of Eagle National Holding

Company, Miami, Florida.

- Granted, January 14, 1998 

EXTENSIONS OF TIME

Director, BS&R

FSB Bancorp, Farmington, Maine, and MHC and FSB Bancorp -- extension to

acquire Franklin Savings Bank.

- Granted, January 15, 1998 

Boston

MBNA America, N.A., Wilmington, Delaware -- to make an additional investment in

MBNA Canada Bank.

- Approved, January 12, 1998 

INTERNATIONAL OPERATIONS

Philadelphia

Federal Reserve Bank of Dallas -- to offer a settlement and adjustment service on

same-day settlement cash letters presented to paying banks using the Dallas Reserve

Bank's primary or alternate presentment point services.

- Approved, January 13, 1998 

RESERVE BANK SERVICES

Director RBOPS
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week of January 16, 1998 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

 

3(a)(5)* Peoples Heritage Financial Group, Inc., Portland, Maine (PHFG) - Newspaper - N/Avail 

application for the merger of CFX Corporation, Keene, New 

Hampshire with and into PHFG Fed Reg. - 2/13/98

*Subject to CRA

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch European American Bank, New York, New York, to establish a N/Avail

branch office at the Key Food supermarket located at 1805

Aveune U, Brooklyn, New York.*

Branch Manufacturers and Traders Trust Company, Buffalo, New York, 2/06/98

to establish a branch office at 294 Wall Street, Kingston, New

York.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Berks County Bank, Reading, PA, to establish a office at 500 2/5/98

Hawkridge Drive, Boro of Hamburg, County of Berks, PA

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

Type Application comment period

Ending date of 

3(a)(3) Community Banks, Inc. Millersburg, PA, to acquire The Peoples Fed Reg - 2/13/98

State Bank, East Berlin, PA Newspaper - 2/12/98

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(5) Received notice from National City Corporation, Cleveland, OH Fed Reg - 2/13/98

on January 14, 1998, of its intent to acquire Fort Wayne National

Corporation, Ft. Wayne, IN.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Received notice from National City Corporation, Cleveland, OH on Fed Reg - 2/13/98

January 14, 1998, of its intent to acquire Fort Wayne National Life

Insurace Company, Phoenix, AZ.

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

Type Application comment period

Ending date of 

4(c)(8) Received notice from Commerce Exchange Corporation, Beachwood,

OH on January 9, 1998, of its intent to acquire an 11.5 percent

interest in Preferred Capital, Inc.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

976749 The Fifth Third Bank of Central 10/24/97 1/12/98 Satisfactory

Indiana

251 North Illinois Street

Suite 1000

Indianapolis, IN 46204

Section VI - CRA examinations scheduled for Quarter of

Institution Location

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

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

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

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

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Commercial and Farmers Bank, Ellicott City, Maryland, to 2/6/98

establish a branch at 6130 Columbia Crossing Circle, Columbia,

Maryland.*

Branch Commercial and Farmers Bank, Ellicott City, Maryland, to 2/6/98

establish a branch at 6245 Washington Boulevard, Elkridge,

Maryland.*

18(c) Centura Bank, Rocky Mount, North Carolina, to merge with Pee 2/9/98

Dee State Bank, Timmonsville, South Carolina.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(5) Centura Banks, Inc., Rocky Mount, North Carolina, to merge with 2/9/98

Pee Dee State Bankshares, Inc., Rocky Mount, North Carolina.*

4(c)(8) City Holding Company, Charleston, West Virginia, to acquire Del 2/11/98

Amo Savings Bank, FSB, Torrance, California.*

3(a)(3) First National Corporation, Orangeburg, South Carolina, to Fed Reg - 2/13/98**

acquire 100% of the voting shares of Florence County National

Bank, Florence, South Carolina, an organizing bank.*

3(a)(5) MainStreet BankGroup Incorporated, Martinsville, Virginia, to Fed Reg - 2/13/98**

merge with Regency Financial Shares, Inc., Richmond, Virginia.*

*Subject to the provisions of the Community Reinvestment Act.

**Expiration of comment period as specified in the Federal Register.
Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

4(c)(8) First Union Corporation, Charlotte, North Carolina, to acquire Mentor

Investment Group, LLC, and engage in investment advisory activities

and providing administrative services for mutual funds.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

105071 The Patapsco Bank 10/27/97 1/17/98 Satisfactory Small

1301 Merritt Boulevard

Dundalk, Maryland 21222-2194

712527 The Caroline County Bank 9/22/97 12/31/97 Satisfactory Large

Sunset and Main Streets

Greensboro, Maryland 21639-

9733

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(5) The Peoples BancTrust Company, Inc., Selma, Alabama, to merge Fed Reg - 02/13/98

with Merchants & Planters Bancshares, Inc., and thereby directly

acquire Merchants & Planters Bank, both of Montevallo,

Alabama.*

3(a)(5) Regions Financial Corporation, Birmingham, Alabama, to merge Fed Reg - 02/09/98

with Key Florida Bancorp, Inc., and thereby directly acquire

Liberty National Bank, both of Bradenton, Florida.*

CIC Equitable Bank, Fort Lauderdale, Florida, change in control notice N/Avail

filed by Mr. James D. Evans to acquire at least 10 percent of the

outstanding shares of Equitable Bank, Fort Lauderdale, Florida.

CIC First Cherokee Bancshares, Inc., Woodstock, Georgia, change in Newspaper - 02/06/98

control notice filed by Mr. Carl C. Hames, Jr., to acquire an

additional 1.5 percent of the outstanding shares of First Cherokee

Bancshares, Inc., Woodstock, Georgia.

CIC Crescent Banking Company, Jasper, Georgia, change in control N/Avail

notice filed by Mr. Michael W. Lowe to acquire at least 10 percent

of the outstanding shares of Crescent Banking Company, Jasper,

Georgia

3(a)(1) Lincoln Interim Corporation, Lincolnton, Georgia, to become a Newspaper - 02/16/98

bank holding company by acquiring Lincoln Bancshares, and its

subsidiary, Farmers State Bank, both of Lincolnton, Georgia.*

3(a)(5) Hibernia Corporation, New Orleans, Louisiana, to merge with N/Avail

Firstshares of Texas, Inc., and thereby directly acquire First

National Bank, Marshall, Texas.* 

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

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

699534 SouthWest Georgia Bank 10/06/97 01/13/98 Outstanding Small Bank

201 First Street 

Moultrie, Georgia 31768

(912) 985-1120

808037 PanAmerican Bank 10/06/97 01/13/98 Satisfactory Small Bank

888 Brickell Avenue

Miami, Florida 33131

(305) 373-1676
Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(3) First Financial Corporation* Fed Reg - 1/26/98

Terre Haute, Indiana Newspaper - 1/19/98

 The Morris Plan Company of Terre Haute, Inc.

 Terre Haute, Indiana

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

Dyersville, Iowa Newspaper - 1-26-98

 Iowa Bank (in organization)

 Bellevue, Iowa

3(a)(3) F & M Bancorporation, Inc* Fed Reg - 2/13/98

Kaukauna, Wisconsin Newspaper - 2/13/98

 BancSecurity Corporation

 Marshalltown, Iowa

 Security Bank Jasper-Poweshiek

 Kellogg, Iowa

 Security Bank

 Marshalltown, Iowa

 Story County Bank & Trust Company

 Story City, Iowa

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

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

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

842143 Mercantile Bank of Western Iowa 8/20/97 1/16/98 Satisfactory Large

431 E. Locust Street

Des Moines, Iowa 50309

(515) 791-1349
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

280044 Bay Lake Bank 9/15/97 1/16/98 Oustanding Large

217 N. 4th Avenue

Sturgeon Bay, Wisconsin 54235

(414) 743-5551

864640 First State Bank 9/22/97 1/16/98 Satisfactory Small

600 Mead Street

Churdan, Iowa 50050

(515) 389-3222

357740 Villa Park Trust & Savings 10/6/97 1/16/98 Satisfactory Small

10 S. Villa Avenue

Villa Park, Illinois 60181

(630) 834-0800

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Notice by The Bankers' Bank of Kentucky, Frankfort, Kentucky, 1/8/98

to relocate its only banking office to 107 Progress Drive,

Frankfort, Kentucky.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

CIC Notice involving Chester Bancorp, Inc., Chester, Illinois, by N/Avail

Michael W. Welge.

CIC Notice involving DeWitt First Bankshares Corporation, DeWitt, Newspaper - 2/5/98

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

(previously reported during the week of January 5, 1998).

CIC Notice involving First State Bank of Dongola, Dongola, Illinois, N/Avail

by Neal C. Needham (previously reported during the week of

January 5, 1998).

3(a)(5) Notice by National City Bancshares, Inc., Evansville, Indiana, to N/Avail

acquire Vernois Bancshares, Inc., Mt. Vernon, Illinois (previously

reported during the week of January 5, 1998).*

3(a)(3) Notice by Union Planters Corporation, Memphis, Tennessee, to 2/9/98

acquire Security Bancshares, Inc., Des Arc, Arkansas (previously

reported during the week of January 5, 1998).*

3(a)(3) Notice by Community Bank Shares of Indiana, Inc., New Albany, 2/9/98

Indiana, to acquire NCF Financial Corporation, Bardstown,

Kentucky (previously reported during the week of January 5,

1998).*

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

Type Application comment period

Ending date of 

4(c)(8) Notice by First Commercial Corporation, Little Rock, Arkansas, to 2/3/98

establish First Commercial Investments, Inc., Little Rock, Arkansas,

and engage in underwriting and dealing in certain bank-ineligible

securities; underwriting and dealing in bank eligible securities;

providing securities brokerage services on either a stand-along or fullservices basis; acting as agent for issuers and holders in the private

placement of securities; buying and selling on the order of investors as

riskless principal; acting as an investment or financial advisor;

providing advice and acting as arranger in connection with merger,

acquisition, divestiture and financial transactions, including public

and private financings, loan syndications, interest rate and currency

swaps, interest rate caps and similar transactions and/or furnishing

evaluation and fairness opinions in connection with merger,

acquisition, and similar transactions; and providing consulting

services (previously reported during the week of January 5, 1998).

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

Type Application comment period

Ending date of 

4(j)(5)(A) Notice by Central Bancompany, Inc., Jefferson City, Missouri, to Not applicable

establish Central Credit Insurance Company, Jefferson, Missouri, and

indirectly engage in credit related insurance activities.

SMBOTH Notice by Security Bank, Harrison, Arkansas, to make a dividend Not applicable

payment.

SMBOTH Notice by Arkansas Bank and Trust Company, Hot Springs, Not applicable

Arkansas, to make a dividend payment.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

309150 Commerce-Warren County Bank 10/7/97 01/16/98 Outstanding Small bank

Warrenton, 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 of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

3(a)(3) Dakota Bancshares, Inc., Mendota Heights, Minnesota, for prior N/Avail

approval to acquire 81.00% of the voting shares of Olivia

Bancorporation, Inc., Olivia, Minnesota.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

None 
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

None

Section VI - CRA examinations scheduled Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City 

Applications and notifications filed during the week of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(3) CountryBanc Holding Company, Edmond, Oklahoma, for prior Newspaper - 02/03/98

approval to acquire 100 percent of the voting shares of First State Fed Reg - 02/17/98

Holding Company, Elkhart, Kansas, and thereby indirectly acquire

The First State Bank of Elkhart, Elkhart, Kansas.

4(c)(8) Cornhusker Growth Corporation, Lincoln, Nebraska, to acquire Newspaper - N/Avail

67 percent of the voting shares of Johnston Growth Corporation, Fed Reg - 02/17/98

Johnston, Iowa, and thereby indirectly acquire Johnston Charter

Bank, Johnston, Iowa, a de novo thrift organization, pursuant to

225.28(b)(4) of the Board’s Regulation Y.

CIC Richard Owen Wikert, Fremont, Nebraska, and Clarence Wilson Newspaper - N/Avail

Persinger, as Trustee of the C. Wilson Persinger Trust, Sioux Fed Reg - 02/03/98

City, Iowa; to acquire voting shares of American Banc

Corporation, Fremont, Nebraska, and thereby indirectly acquire

voting shares of American National Bank of Fremont, Fremont,

Nebraska.

CIC Bruce L. Trimble, Leroy, Kansas, individually and as Trustee of Newspaper - N/Avail

the Ival L. Trimble December 9, 1997 Irrevocable Trust, to Fed Reg - 02/03/98

acquire voting shares of Flint Hills Bancshares, Gridley, Kansas.
Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

Membership Canadian State Bank, Yukon, Oklahoma, for membership in the

Federal Reserve System.

Section V - Availability of CRA public evaluations

Description of the CRA Goal against which institutions are evaluated, the four performance levels, and the

institutions for which an evaluation is publicly available.

The CRA requires a periodic evaluation of each covered institution regarding the extent to which it has ascertained,

and helped meet, the credit needs of its entire delineated community, including low- and moderate-income

neighborhoods, in a manner consistent with its resources and capabilities.

The federal bank regulators use the following four performance levels to rate an institution’s performance under

CRA.:

Outstanding

Satisfactory

Needs to Improve

Substantial noncompliance

RSSD Examination CRA CRA

number Institution/ Location date public date rating

385547 Citizens Farmers Bank of Cole Camp 10/20/97 01/13/98 Satisfactory

121 E. Main Street

Cole Camp, Missouri 65325

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and Notifications Filed During the Week of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch United Central Bank, Garland, TX, 1/27/98**

to establish a branch at

404 E. Veterans Blvd., Killeen, TX 78543*

*Subject to the provisions of the Community Reinvestment Act.

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

N/Avail - Not available at this time.

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

Type Application comment period

Ending date of

3(a)(3) Mainbancorp, Austin, TX, to acquire First National Bancorporation, N/Avail

Inc., Ennis, TX, and the First National Bank of Ennis, Ennis, TX*

3(a)(5) Maincorp Intermediate Holding Company, Wilmington, DE, to merge N/Avail

with First National Bancorporation, Inc., Ennis, TX*

*Subject to the provisions of the Community Reinvestment Act.

N/Avail - Not available at this time.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of

None

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

None

Section VI - CRA examinations scheduled Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and Notifications Filed During the Week of January 17, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(1) J,J & B Capital, L.P., Los Angeles, California, to become a bank Newspaper - 2/12/98

holding company by acquiring Founders National Bank of Los

Angeles, Los Angeles, California. Fed Reg - N/Avail

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of

Other Westamerica Bank, San Rafael, California, to make an investment in

low-income housing projects of up to $7.4 million through California

Corporate Tax Credit Fund-1997, Boston, Massachusetts, pursuant to

sections 208.21(c) and (d) of Regulation H.
Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

1416381 Humboldt Bank 6/23/97 1/15/98 NI X

701 5th Street 

P.O. Boxc 1007

Eureka, CA 95502-1007

(707) 445-3233

Footnotes: 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 Quarter of

Institution Location

None