Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 20 

Week Ending May 18, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions May 12, 2002 to May 18, 2002 

Testimony And Statements 

The Golden Dollar Coin -- statement by Louise L. Roseman, Director, Division of 

Reserve Bank Operations and Payment Systems, before the Subcommittee on Treasury 

and General Government of the Senate Committee on Appropriations. 

- Published, May 17, 2002 

Banks, State Member 

Arvest Bank, Fayetteville, Arkansas -- exemption from the quantitative limits of section 

23A of the Federal Reserve Act to accept the securities issued by its affiliate, Wal-Mart 

Stores, Inc., as collateral for loans to third-party borrowers in excess of the quantitative 

limits. 

- Granted, May 16, 2002 

Regulations And Policies 

Lombard Facility -- proposed revisions to Regulation A to establish two new discount 

window programs to replace the adjustment and extended credit programs. 

- Proposed, May 16, 2002 

Enforcement 

Allied Irish Banks, p.l.c., Dublin, Ireland, Allfirst Financial Inc., Baltimore, Maryland, and 

Allfirst Bank -- written agreement with the Federal Reserve Bank of Richmond, Maryland 

Commissioner of Financial Regulation, and the Central Bank of Ireland. 

- Announced, May 16, 2002 

Rabobank Nederland, New York, New York -- issuance of an order of prohibition 

against Edward DeRosa, a former employee and institution-affiliated party. 

- Announced, May 16, 2002 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority May 12, 2002 to May 18, 2002 

BS&R 

C&CA 

FOMC 

Banking Supervision and Regulation 

Consumer and Community Affairs 

Federal Open Market Committee 

RBOPS 

IF 

OSDM 

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

Bank Branches, Domestic 

St. Louis 

Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 200 Commerce Street, 

Suite 100, Little Rock. 

- Approved, May 16, 2002 

Kansas City 

Centennial Bank of the West, Fort Collins, Colorado -- to establish a branch at 1401 

South Taft Avenue, Loveland. 

- Approved, May 16, 2002 

Cleveland 

The Croghan Colonial Bank, Fremont, Ohio -- to establish a branch in the IGA store at 

3994 East Harbor Road, Port Clinton. 

- Approved, May 15, 2002 

Cleveland 

Fifth Third Bank Western Michigan, Grand Rapids, Michigan -- to establish a branch at 

4765 44th Street, Kentwood. 

- Approved, May 16, 2002 

Cleveland 

Fifth Third Bank, Cincinnati, Ohio -- to establish branches at 7132 Hamilton Avenue, 

Cincinnati, and the corner of Aurora Road and Crow Drive, Macedonia. 

- Approved, May 16, 2002 

St. Louis 

Fifth Third Bank, Kentucky, Inc., Louisville, Kentucky -- to establish a branch at 1700 

Antonio Way. 

- Approved, May 15, 2002 

Atlanta 

Regions Bank, Birmingham, Alabama -- to establish a branch at 1511 North Westshore 

Boulevard, Tampa, Florida. 

- Approved, May 13, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 6 
H.2 Actions under delegated authority May 12, 2002 to May 18, 2002 

Bank Branches, Domestic 

Secretary 

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 415 U.S. Highway 41, Lady 

Lake, Florida. 

- Approved, May 16, 2002 

San Francisco 

Union Safe Deposit Bank, Stockton, California -- to establish a branch at 520 Carolyn 

Weston Boulevard, Suite D. 

- Approved, May 15, 2002 

Bank Holding Companies 

Minneapolis 

Citizens Bancshares of Woodville, Inc., Woodville, Wisconsin -- relief from a 

commitment. 

- Granted, May 15, 2002 

St. Louis 

Concord EFS, Inc., Memphis, Tennessee -- to engage in data processing activities 

through the acquisition of Core Data Resources, Inc., Amarillo, Texas. 

- Approved, May 15, 2002 

St. Louis 

First Banks, Inc., St. Louis, Missouri -- to engage indirectly in community development 

activities through Allegiant Community Development Corporation, Clayton; and in real 

estate and personal property appraising, financial and investment advisory activities, and 

acting as agent for the private placement of securities through Allegiant Capital 

Corporation. 

- Approved, May 15, 2002 

Minneapolis 

First Integrity Bancorporation, Inc., Staples, Minnesota -- relief from a commitment. 

- Granted, May 13, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 6 
H.2 Actions under delegated authority May 12, 2002 to May 18, 2002 

Bank Holding Companies 

Kansas City 

Heritage Group, Inc., Aurora, Nebraska -- to engage in reinsurance of credit-related life, 

accident, and health insurance through Heritage Reinsurance, Inc. 

- Approved, May 14, 2002 

San Francisco 

Mission Bancorp, Bakersfield, California -- to become a bank holding company through 

the acquisition of Mission Bank. 

- Approved, May 16, 2002 

Bank Mergers 

St. Louis 

Arvest Bank, Fayetteville, Arkansas -- to merge with Arvest Bank, Rogers, and retain the 

acquired facilities as branches, and to indirectly acquire a foreign branch in GeorgeTown, 

Grand Cayman, Cayman Islands, British West Indies. 

- Approved, May 13, 2002 

Kansas City 

The State Bank, Winfield, Kansas -- to purchase certain assets and assume certain 

liabilities of the Winfield and Arkansas City branches of Commerce Bank, National 

Association, Wichita. 

- Approved, May 16, 2002 

Banks, Foreign 

New York 

Dresdner Bank Lateinamerika Aktiengesellschaft, Hamburg, Germany; Dresdner Bank 

Aktiengesellschaft, Frankfurt; and Allianz Aktiengesellschaft, Munich -- to acquire 

Vestrust Securities LLC, Coral Gable, Florida, and thereby engage in financial and 

investment advisory activities and agency transactional services for customer investments, 

and for Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft In Munchen, 

Munich, Germany, to indirectly acquire Vestrust Securities LLC. 

- Approved, May 16, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 6 
H.2 Actions under delegated authority May 12, 2002 to May 18, 2002 

Banks, State Member 

St. Louis 

Arvest Bank, Fayetteville, Arkansas -- to acquire control of a financial subsidiary. 

- Approved, May 13, 2002 

Change In Bank Control 

Atlanta 

Edison Bancshares, Inc., Fort Myers, Florida -- change in bank control. 

- Permitted, May 16, 2002 

Boston 

Northern Bancorp, Inc., Woburn, Massachusetts -- change in bank control notices. 

- Permitted, May 17, 2002 

Atlanta 

Orion Bancorp, Inc., Naples, Florida -- change in bank control. 

- Permitted, May 16, 2002 

Minneapolis 

Peoples Bankshares, Inc., Parshall, North Dakota -- change in bank control. 

- Permitted, May 17, 2002 

Competitive Factors Reports 

Secretary 

Bank of Agriculture and Commerce, Stockton, California -- report on competitive factors 

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

Antioch and Concord branches of City National Bank, Beverly Hills. 

- Submitted, May 14, 2002 

San Francisco 

Bank of Alameda, Alameda, California -- report on competitive factors of the proposed 

merger with NorCal Community Bancorp Merger Subsidiary, Inc. 

- Submitted, May 16, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 6 
H.2 Actions under delegated authority May 12, 2002 to May 18, 2002 

Competitive Factors Reports 

Cleveland 

Commercial National Bank of Pennsylvania, Latrobe, Pennsylvania -- report on 

competitive factors of the proposed purchase of certain assets and assumption of certain 

liabilities of the Norwin branch of Great American Federal, Pittsburgh. 

- Submitted, May 17, 2002 

Cleveland 

First Commonwealth Bank, Indiana, Pennsylvania -- report on competitive factors of the 

proposed merger with Southwest Bank, Greensburg. 

- Submitted, May 17, 2002 

Dallas 

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

proposed merger with Community Bank of Central Texas, SSB, Smithville. 

- Submitted, May 16, 2002 

St. Louis 

First National Bank of Carmi, Carmi, Illinois -- report on competitive factors of the 

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

Mt. Carmel branches of Fifth Third Bank, Indiana, Indianapolis, Indiana. 

- Submitted, May 16, 2002 

Philadelphia 

Interim 1st Colonial National Bank, Collingswood, New Jersey -- report on competitive 

factors of the proposed merger with 1st Colonial National Bank. 

- Submitted, May 14, 2002 

Dallas 

Sabine State Bank and Trust Company, Many, Louisiana -- report on competitive factors 

of the proposed merger with Community Bank, Katy, Texas. 

- Submitted, May 15, 2002 

Secretary 

Wells Fargo Bank New Mexico, National Association, Albuquerque, New Mexico --

report on competitive factors of the proposed merger with Bank of Santa Fe, National 

Association, Santa Fe. 

- Submitted, May 14, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 6 
H.2 Actions under delegated authority May 12, 2002 to May 18, 2002 

Financial Holding Companies 

San Francisco 

Foothill Independent Bancorp, Glendora, California -- election to become a financial 

holding company. 

- Effective, May 14, 2002 

International Operations 

Philadelphia 

MBNA America Bank, National Association, Wilmington, Delaware -- to make an 

additional investment in MBNA Europe Bank Limited, Chester, England. 

- Approved, May 17, 2002 

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, May 18, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, May 18, 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 

COM/Waiver Hudson City, MHC, Paramus, New Jersey, request approval to 

waive receipt of dividends declared by its subsidiary, Hudson 

City Bancorp, Inc. during the calendar year 2002. 
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 Third Quarter of 2002 

Institution Location 

None 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, May 18, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Bryn Mawr Trust Company, Bryn Mawr, PA, to establish a 

branch office located at 3601 West Chester Pike, Newtown 

Square, PA 

05/24/2002

Branch AmeriServ Financial Bank, Johnstown, PA, to establish a branch 

office at the corner of Berner Pike and Shiloh Road, College 

Township, State College, PA. 

06/03/2002

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 Third Quarter of 2002 

Institution Location 

Wilmington Trust of Pennsylvania Villanova, PA 

Philadelphia, PA 

Equity Bank Marlton, NJ 

First Penn Bank 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, May 18, 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 

which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) 

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: 

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 Third Quarter of 2002 

Institution Location 

Farmers Bank and Savings Company

Community First Bank and Trust

Citizens Banking Company

Castalia Banking Company

Farmers Citizens Bank

Killbuck Savings Bank Company

221 West Second Street, Pomeroy, OH 45769 

225 North Main Street, Celina, OH 45822 

100 East Water Street, Sandusky, OH 44870 

208 South Washington Street, Castalia, OH 44824 

Washington Square, Bucyrus, OH 44820 

165 North Main Street, Killbuck, OH 44637 

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar quarter is 

not determinative of whether the institution will be examined in that quarter. Reserve Banks may need to defer a 

planned examination or conduct an unforeseen examination because of scheduling difficulties or other circumstances. 
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, May 18, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Resource Bank, Virginia Beach, Virginia, to establish a branch Newspaper - 05/28/2002 

at 1616 Laskin Road, Virginia Beach, Virginia.* 

* Subject to the provisions of the Community Reinvestment Act. 

Section II – Applications subject to both newspaper and Fede ral Register notice 

Ending date of 

Type Application comment period 

3(a)(5) FNB Corp., Asheboro, North Carolina, to acquire Rowan Fed Reg - 06/10/2002 

Bancorp, Inc., China Grove, North Carolina.* Newspaper - 06/09/2002 

* 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 

45627 First Charter Bank 01/14/2002 05/12/2002 S X 

10200 David Taylor Drive 

Charlotte, North Carolina 28262 

Section VI – CRA examinations scheduled for Third Quarter of 2002 

Institution Location 

BankAnnapolis 

Sandy Spring Bank 

St. Michaels Bank 

FNB Southeast 

The Farmers Bank of Appomattox 

United Bank 

Miners and Merchants Bank and 

Trust Company 

Bank of McKenney 

Summit Community Bank 

United Bank, Inc. 

The Pleasants County Bank 

Annapolis, Maryland

Olney, Maryland

St. Michaels, Maryland

Reidsville, North Carolina

Appomattox, Virginia

Fairfax, Virginia

Grundy, Virginia

McKenney, Virginia

Moorefield, West Virginia

Parkersburg, West Virginia

St. Marys, West Virginia
Section VI – CRA examinations scheduled for Third Quarter of 2002 

Institution Location 

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar 

quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need 

to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other 

circumstances. 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 18, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) First Georgia Holding, Inc., Brunswick, Georgia, to become a 

bank holding company by acquiring First Georgia Bank,

Brunswick, Georgia.

Fed Reg – 06/17/2002*

3(a)(1) 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, Sarasota, Florida.

Fed Reg – 06/17/2002*

3(a)(5) Synovus Financial Corp., Columbus, Georgia, to merge with 

Community Financial Group, Inc., Nashville, Tennessee, and 

thereby acquire its subsidiary, The Bank of Nashville, Nashville, 

Tennessee.

N/Avail*

CIC Tennessee Commerce Bancorp, Inc., Franklin, Tennessee, prior 

change in control notice by Joseph R. Gregory, Kingsway, LLC, 

and Mary Ann Blessing, to acquire an additional 2.39 percent of 

the outstanding shares of Tennessee Commerce Bancorp, Inc., 

Franklin, Tennessee, and its subsidiary, Tennessee Commerce 

Bank, Franklin, Tennessee. Total ownership will be 12.03

percent.

Fed Reg – 06/04/2002

3(a)(3) First Security Group, Inc., Chattanooga, Tennessee, to acquire 

First State Bank, Maynardville, Tennessee.

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

FBSEA Banco de Occidente, S.A., Guatemala City, Guatemala, to

establish an international representative office located in Miami, 

Florida.

COM Heartland Bancshares, Inc., Sebring, Florida, commitment

waiver request to not incur debt.

3(a)(1) Mountain National Bancshares, Inc., Sevierville, Tennessee,

notice to become a bank holding company through the

acquisition of Mountain National Bank, Sevierville, Tennessee.

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 Third Quarter of 2002

Institution Location

AmSouth Bank Birmingham, Alabama

Farmers & Merchants Bank Eatonton, Georgia

First Bank of Coastal Georgia Pembroke, Georgia

First Community Bank of Central Alabama Wetumpka, Alabama

First Southern Bank Boca Raton, Florida

First Commercial Bank of Cullman County Good Hope, Alabama

Orion Bank Naples, Florida

Admiralty Bank Palm Beach Gardens, Florida

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar 

quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need 

to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other 

circumstances.
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, May 18, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Citizens Bank, Flint, Michigan, to establish a branch facility to 

be located at 175 South Livernois Road, Rochester, Michigan.* 

Newspaper – 06/08/2002 

18(c) & Branch First American Bank, Fort Dodge, Iowa, to merge with First 

American Bank, Sioux City, Iowa and thereby to establish a 

branch at 800 Gordon Drive, Sioux City, Iowa.* 

Newspaper – 05/17/2002 

Branch Rolling Hills Bank & Trust, Atlantic, Iowa, to establish a branch 

office at 418 S. Commercial Street, Carson, Iowa.* 

Newspaper – 05/15/2002 

* 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 

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

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

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

retain control of Anita Bancorporation, Atlantic, Iowa and 

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

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

greater than 10 percent of the outstanding shares of Blackhawk 

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

Blackhawk State Bank, Beloit, Wisconsin. 

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

the outstanding shares of First Beardstown Bancorp, Inc., 

Beardstown, Illinois and thereby indirectly acquire First State 

Bank of Beardstown, Beardstown, Illinois. 

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

holding company by acquiring 100 percent of Franklin Bank, 

N.A., Southfield, Michigan.* 

Fed Reg – 05/14/2002 

Newspaper – N/Avail 

Fed Reg – 006/052002 

Newspaper – N/Avail 

Fed Reg – 05/15/2002 

Newspaper – N/Avail 

Fed Reg – 06/07/2002 

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

Ending date of 

Type Application comment period 

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

Control, to acquire 26.82 percent of Herky Hawk Financial 

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

irrevocable voting trust, and thereby indirectly acquire Citizens 

State Bank, Monticello, Iowa. 

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

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

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

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

3(a)(3) Metropolitan Bank Group, Inc., Chicago, Illinois, to retain a 

greater than 5 percent ownership of Upbancorp, Inc., Chicago, 

Illinois, and thereby indirectly acquire Uptown National Bank of 

Chicago, Chicago, Illinois.* 

3(a)(1) Southport Financial Corporation, Kenosha, Wisconsin, to 

become a bank holding company by acquiring 100 percent of 

Southport Bank, Kenosha, Wisconsin.* 

Fed Reg – 05/22/2002 

Newspaper – N/Avail 

Fed Reg – 06/07/2002 

Newspaper – N/Avail 

Fed Reg – 05/14/2002 

Newspaper – N/Avail 

Fed Reg – 05/14/2002 

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 

None 

Section VI – CRA examinations scheduled for Third Quarter of 2002 

Institution Location 

Citizens Bank and Trust

Community Savings Bank

F&M Bank – Iowa Central

Quad City Bank and Trust

Security State Bank

Libertyville Bank and Trust

Logan County Bank

Midwest Bank of Hinsdale

NAB (New Asia Bank)

Northside Community Bank

Parish Bank and Trust Company

Peoples State Bank of Mansfield

Pullman Bank

Hudson, Iowa 

Robins, Iowa 

Marshalltown, Iowa 

Bettendorf, Iowa 

Milford, Iowa 

Libertyville, Illinois 

Lincoln, Illinois 

Hinsdale, Illinois 

Chicago, Illinois 

Gurnee, Illinois 

Momence, Illinois 

Mansfield, Illinois 

Chicago, Illinois 
Section VI – CRA examinations scheduled for Third Quarter of 2002 

Institution Location 

Union Bank-Central

Union Bank-Northwest

Union Bank-West

Goshen Community Bank

Home Federal Savings Bank

Chelsea State Bank

Chemical Bank and Trust

Citizens Bank

Community State Bank

State Bank of Caledonia

Farmers State Bank of Waupaca

Green Lake State Bank

Princeton, Illinois 

Hanover, Illinois 

Macomb, Illinois 

Goshen, Indiana 

Columbus, Indiana 

Chelsea, Michigan 

Midland, Michigan 

Flint, Michigan 

Avilla, Michigan 

Caledonia, Michigan 

Waupaca, Wisconsin 

Green Lake, Wisconsin 

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar 

quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need 

to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other 

circumstances. 
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, May 18, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch First Community Bank, Conway, Arkansas, to establish a branch Newspaper – 05/30/2002 

facility to be located at 2101 Dave Ward Drive, Conway, 

Arkansas.* 

* 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 

CIC Terry Lynn Snodgrass, Vienna, Missouri, individually and as Newspaper – 05/28/2002 

General Partner for the Henderson Family Limited Partnership, Fed Reg – 06/05/2002 

to retain control of Maries County Bancorp, Inc., Vienna, 

Missouri. 

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 Third Quarter of 2002 

Institution Location 

Farmers Bank and Trust Company

Arvest Bank

Bank of Little Rock

Bank of Rogers

Heritage State Bank

First Bank

Blytheville, Arknasas 

Fayetteville, Arkansas 

Little Rock, Arkansas 

Rogers, Arkansas 

Lawrenceville, Illinois 

St. Louis, Missouri 

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar 

quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need 

to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other 

circumstances. 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, May 18, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Central Savings Bank, Sault Ste. Marie, Michigan, to establish a Newspaper: 05/24/2002 

branch facility to be located at 3501 I-75 Business Spur, Sault 

Ste. Marie, Michigan.* 

* Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

3A3 State Bank of Hawley Employee Stock Ownership Plan, Newspaper: N/Avail 

Hawley, Minnesota to acquire 38.79 percent of Bankshares of Fed Register: N/Avail 

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

State Bank of Hawley, Hawley, Minnesota.* 

* Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regula tion 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 

256553 Dacotah Bank, Aberdeen, South 1/7/2002 5/15/2002 S X 

Dakota 

Section VI – CRA examinations scheduled for Third Quarter of 2002 

Institution Location 

Community Bank Chaska

Grand Rapids State Bank

Farmers State Bank of Madelia

First State Bank Southwest

Rocky Mountain Bank

Western Security Bank

Farmers State Bank of Denton

Valley Bank of Ronan

1

st Bank

Glacier Bank of Whitefish

Citizens State Bank of Arlington

State Bank of La Crosse

Chaska, Minnesota

Grand Rapids, Minnesota

Madelia, Minnesota

Pipestone, Minnesota

Billings, Montana

Billings, Montana

Denton, Montana

Ronan, Montana

Sidney, Montana

Whitefish, Montana

Arlington, South Dakota

La Crosse, Wisconsin

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar quarter is not 

determinative of whether the institution will be examined in that quarter. Reserve Banks may need to defer a planned 

examination or conduct an unforeseen examination because of scheduling difficulties or other circumstances. 

Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an 

institution’s examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the 

institution’s name will be republished in an appropriate later listing. Any comments received as a result of either the first 

publication or subsequent publications will be considered during the examination. Written comments regarding the CRA 

performance of these institutions should be directed to Mr. James Colwell at the Federal Reserve Bank of Minneapolis, 

Banking Supervision Department, P. O. Box 291, Minneapolis, Minnesota 55480-0291. 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, May 18, 2002

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

CIC Mack V. Colt and Sara C. Colt, both of Prairie Village, Kansas, 

as co-trustees of the Mack V. Colt Trust, Prairie Village,Kansas, 

to acquire control of Gower Bankshares, Inc., parent of The 

Farmers Bank of Gower, both of Gower, Missouri.

Newspaper – 05/29/02 

Fed Reg – 05/23/2002

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

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

Financial Corporation, parent of Citizens State Bank, both of 

Liberal, Kansas.

Newspaper – N/Available

Fed Reg – 05/29/2002

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

912550 Lusk State Bank

415 S. Main

Lusk, Wyoming

02/11/2002 05/15/2002 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, May 18, 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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, May 18, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Bank of Ephraim, Ephraim, Utah, to establish a branch facility to be Newspaper - 05/24/2002 

located at 1095 South Highway 89, Mt. Pleasant, Utah.* 

* 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 

CIC Notice by George Richard Dill, Fife, Washington, to acquire 

additional voting shares of Puget Sound Financial Services, Inc., 

and thereby indirectly acquire voting shares in Fife Commercial 

Bank, both of Fife, Washington.* 

Newspaper – N/Avail Reg 

– 06/11/2002 

3(a)(1) ITLA Capital Corporation, La Jolla, California, to become a bank 

holding company by acquiring 100 percent of Imperial Capital 

Bank, La Jolla, California.* 

Newspaper – 06/13/2002 

Fed Reg – 06/21/2002 

* 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 

4(c)(8) ITLA Capital Corporation, La Jolla, California, to engage in Fed Reg – 06/21/2002 

nonbanking activities through ITLA Capital Real Estate Investment 

Trust, La Jolla, California. 
Section IV – Applications not subject to Federal Register or newspaper notice 

Type Application 

COM First Coastal Bancshares, El Segundo, California, requests 

temporary relief of a debt commitment made in connection with 

their application to acquire 100 percent of First Coastal Bank, N.A., 

El Segundo, California. 

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