Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 30

Week Ending July 24, 1999

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions July 18, 1999 to July 24, 1999

Testimony And Statements

Financial privacy issues -- Statement by Governor Gramlich before the 

Subcommittee on Financial Institutions and Consumer Credit, House Committee on 

Banking and Financial Services, July 21, 1999.

- Published, July 21, 1999 

Monetary policy report to Congress (Humphrey-Hawkins Report)

- Authorized, July 14, 1999 (AC)

Bank Holding Companies

The Fuji Bank, Limited, Tokyo, Japan -- to indirectly acquire HealthCare Financial 

Partners, Inc., Chevy Chase, Maryland, and thereby engage in certain nonbanking 

activities.

- Approved, July 20, 1999 

National Bank of Commerce, Memphis, Tennessee -- letter to the Comptroller of the 

Currency commenting on the application of National Bank of Commerce (NBC 

Bank) to engage through a subsidiary in underwriting and dealing in debt securities 

that a national bank is prohibited from underwriting and dealing in.

- Approved, July 15, 1999 (AC)

The Sumitomo Bank, Limited, Osaka, Japan -- to retain an indirect interest in Daiwa 

SB Investments (USA) Ltd., New York, New York, and thereby engage in financial 

and investment advisory activities.

- Approved, July 20, 1999 

Board Operations

Payments system -- establishment of a Payments System Development Committee to 

advise Federal Reserve officials on payments system issues.

- Announced, July 20, 1999 

Forms

Application for a Foreign Organization to Become a Bank Holding Company -- 

extension with minor revision.

- Approved, July 20, 1999 

Consumer Satisfaction Questionnaire -- extension with revision.

- Approved, July 20, 1999 

Reserve Bank Operations

(AC) = Addition or Correction Board - Page 1 of 2
H.2 Board Actions July 18, 1999 to July 24, 1999

Reserve Bank Operations

Depository institution liquidity -- establishment of a Century Date Change Special 

Liquidity Facility to make credit available to depository institutions from October 1, 

1999, through April 7, 2000.

- Approved, July 20, 1999 

Enforcement

Grimes County Capital Corporation, Houston, Texas -- written agreement dated July 

14, 1999, with the Federal Reserve Bank of Dallas.

- Announced, July 20, 1999 

(AC) = Addition or Correction Board - Page 2 of 2
July 18, 1999 to July 24, 1999

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Compass Bank, Birmingham, Alabama -- to establish a branch at 6910 Manchaca 

Road, Austin, Texas.

- Approved, July 20, 1999 

Secretary

Cumberland Bank, Carthage, Tennessee -- to establish branches at 7836 Highway 25 

East, Cross Plains, and at 440 Highway 52 By-Pass West, Lafayette.

- Approved, July 20, 1999 

Atlanta

First Interstate Bank, Billings, Montana -- to establish a branch in Missoula.

- Approved, July 22, 1999 

Minneapolis

St. Henry Bank, St. Henry, Ohio -- to establish a branch at 502 North Eastern 

Avenue.

- Approved, July 22, 1999 

Cleveland

Summit Bank, Bethlehem, Pennsylvania -- to establish branches at 1430 Walnut 

Street, Philadelphia, and 473 York Road, Warminster.

- Approved, July 16, 1999 (AC)

Philadelphia

Bank Holding Companies

Arvest Bank Group, Inc. Bentonville, Arkansas; Ameribank Corporation, Shawnee, 

Oklahoma; and United Oklahoma Bancshares, Inc., Del City -- to retain ownership of 

United Bank, Oklahoma City, after its conversion to a state-chartered savings bank, 

to be named Arvest United Bank, A State Savings Bank.

- Approved, July 21, 1999 

St. Louis

(AC) = Addition or Correction Delegated - Page 1 of 7
H.2 July 18, 1999 to July 24, 1999

Bank Holding Companies

Bank Calumet, Inc. Hammond, Indiana -- to establish a subsidiary, Mortgage 

Advisors, Inc., and thereby engage in extending credit and servicing loans.

- Approved, July 22, 1999 

Chicago

Bank of Montreal, Toronto, Canada; and Bankmont Financial Corporation, Chicago, 

Illinois -- to acquire, through EFS Inc., BankBoston, N.A., Nashua, New Hampshire, 

and thereby engage in credit card lending and servicing activities.

- Approved, July 20, 1999 

Chicago

Bank of Utah, Ogden, Utah -- to acquire, through FCB Acquisition Corporation, 

First Bancorp, Inc., Logan, and First Commerce Bank, and to establish branches at 

the bank's four existing locations.

- Approved, July 16, 1999 (AC)

San Francisco

BCB Holding Company, Theodore, Alabama; and Bay Bank -- to become a bank 

holding company by acquiring Bay Bank, a de novo bank, and for Bay Bank to 

establish a branch at 650 LeMoyne, Dauphin Island, and to become a member of the 

Federal Reserve System.

- Approved, July 22, 1999 

Atlanta

Capitol Bancorp, Ltd., Lansing, Michigan; and Sun Community Bancorp Limited, 

Phoenix, Arizona -- to acquire shares of Desert Community Bank, Las Vegas, 

Nevada, a de novo bank.

- Approved, July 22, 1999 

Chicago

City National Corporation, Beverly Hills, California -- to acquire American Pacific 

State Bank, Sherman Oaks.

- Permitted, July 21, 1999 

Secretary

(AC) = Addition or Correction Delegated - Page 2 of 7
H.2 July 18, 1999 to July 24, 1999

Bank Holding Companies

Commonwealth Bancshares, Inc., Shelbyville, Kentucky -- to retain shares of 

F.A.S.T. Software, LLC, Louisville, and thereby engage in providing data 

processing, computer software, and related consulting services.

- Approved, July 20, 1999 

St. Louis

FBOP Corporation, Oak Park, Illinois -- to acquire Sterling Savings Bank, Chicago.

- Approved, July 16, 1999 (AC)

Chicago

Gold Banc Corporation, Inc., Leawood, Kansas -- to acquire Regional Holding 

Company, Inc., Kansas City, Missouri, and thereby engage in mortgage lending.

- Approved, July 23, 1999 

Kansas City

Independent Community Bankshares, Inc., Middleburg, Virginia -- to acquire control 

of Gilkison & Patterson Investment Advisors, Inc., Alexandria.

- Approved, July 22, 1999 

Richmond

Mahaska Investment Company, Oskaloosa, Iowa -- to acquire Midwest Bancshares, 

Inc., Burlington, and thereby acquire Midwest Federal Savings & Loan Association.

- Approved, July 22, 1999 

Chicago

Mellon Bank Corporation, Pittsburgh, Pennsylvania -- to engage in leasing activities 

through Mellon Financial Services Corporation #4 in a limited-purpose joint venture, 

Mid Ohio Tube, LLC, along with Transamerica Equipment Financial Services 

Corporation and CIT Leasing Corporation.

- Approved, July 22, 1999 

Cleveland

Nevada Community Bancorp Limited, Las Vegas, Nevada -- to become a bank 

holding company through the acquisition of shares of Desert Community Bank, a de 

novo bank.

- Approved, July 22, 1999 

Chicago

(AC) = Addition or Correction Delegated - Page 3 of 7
H.2 July 18, 1999 to July 24, 1999

Bank Holding Companies

Peoples Bancorp of North Carolina, Inc., Newton, North Carolina -- to become a 

bank holding company through the acquisition of Peoples Bank.

- Approved, July 21, 1999 

Richmond

Pilot Grove Savings Bank Employee Stock Ownership Plan, Pilot Grove, Iowa -- to 

acquire additional shares of Pilot Bancorp, Inc.

- Approved, July 22, 1999 

Chicago

United Community Banks, Inc., Blairsville, Georgia -- to merge with 1st Floyd 

Bankshares, Rome, and thereby acquire First Floyd Bank. 

- Approved, July 22, 1999 

Atlanta

Wells Fargo & Company, San Francisco, California; and Norwest Services, Inc., 

Minneapolis, Minnesota -- to acquire shares of Just In Time Solutions, Inc., San 

Francisco, and thereby engage in electronic bill presentment and payment services.

- Approved, July 21, 1999 

San Francisco

Western State Agency, Inc., Devils Lake, North Dakota -- to acquire Towner 

Insurance Agency, Towner, and thereby engage in insurance agency activities in 

areas with a population not exceeding 5,000.

- Approved, July 21, 1999 

Minneapolis

Banks, Nonmember, And Miscellaneous Institutions

Harris Trust Company of New York, New York, New York -- transfer agent 

registration.

- Withdrawn, July 19, 1999 

Director, BS&R

Change In Bank Control

Commerce Exchange Corporation, Beachwood, Ohio -- change in bank control.

- Permitted, July 21, 1999 

Cleveland

(AC) = Addition or Correction Delegated - Page 4 of 7
H.2 July 18, 1999 to July 24, 1999

Change In Bank Control

First Sleepy Eye Bancorporation, Inc., Sioux Falls, South Dakota -- change in bank 

control.

- Permitted, July 23, 1999 

Minneapolis

Lake Benton Bancorporation, Inc., Sioux Falls, South Dakota -- change in bank 

control.

- Permitted, July 23, 1999 

Minneapolis

Siouxland National Corporation, South Sioux City, Nebraska -- change in bank 

control.

- Permitted, July 21, 1999 

Kansas City

Southwest Bancorporation, Inc., Houston, Texas -- change in bank control.

- Permitted, July 20, 1999 

Dallas

Western State Agency, Inc., Devils Lake, North Dakota -- change in bank control.

- Permitted, July 21, 1999 

Minneapolis

Competitive Factors Reports

Bank of Bridger, Bridger, Montana -- report on competitive factors of the proposed 

merger with the Harlem branch of Rocky Mountain Bank, Billings.

- Submitted, July 21, 1999 

Minneapolis

Black Diamond Savings Bank, FSB, Norton, Virginia -- report on competitive 

factors of the proposed merger with FNB Acquisition Sub, FSB, Reidsville, North 

Carolina.

- Submitted, July 21, 1999 

Richmond

(AC) = Addition or Correction Delegated - Page 5 of 7
H.2 July 18, 1999 to July 24, 1999

Competitive Factors Reports

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

merger with New Dayton State Bank.

- Submitted, July 21, 1999 

Dallas

First National Bank in Brookings, Brookings, South Dakota -- report on competitive 

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

of Humboldt Bank, Eureka, California.

- Submitted, July 23, 1999 

Minneapolis

First National Bank in Pratt, Pratt, Kansas -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of the Pratt branch of 

Intrust Bank, N.A., Wichita.

- Submitted, July 21, 1999 

Kansas City

First-Citizens Bank and Trust Company of South Carolina, Columbia, South 

Carolina -- report on competitive factors of the proposed purchase of assets and 

assumption of deposit liabilities of the Johnston branch of Carolina First Bank, 

Greenville.

- Submitted, July 20, 1999 

Richmond

The Industrial Bank of Japan Trust Company, New York, New York -- report on 

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

certain liabilities of LTCB Trust Company.

- Permitted, July 20, 1999 

New York

The Palmetto Bank, Laurens, South Carolina -- report on competitive factors of the 

proposed purchase of assets and assumption of liabilities of the Abbeville branch of 

Carolina First Bank, Greenville.

- Submitted, July 22, 1999 

Richmond

(AC) = Addition or Correction Delegated - Page 6 of 7
H.2 July 18, 1999 to July 24, 1999

Extensions Of Time

Community Bank Minnesota Employee Stock Ownership Plan, Owatonna, 

Minnesota -- extension to October 24, 1999, to increase an ownership interest in 

Owatonna Bancshares, Inc.

- Granted, July 20, 1999 

Minneapolis

Membership

Bank of Commerce, McLean, Texas -- membership in the Federal Reserve System.

- Approved, July 21, 1999 

Dallas

(AC) = Addition or Correction Delegated - Page 7 of 7
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) Norway Bancorp, M.H.C. and Norway Bancorp, Inc., both of

Norway, Maine – application to become a mutual holding

company and a bank holding company, respectively, through the

reorganization of Norway Savings Bank, Norway, Maine

Newspaper – N/Avail

Fed Reg – 08/23/1999

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Moscow Narodny Bank, London, England, to establish a

representative office in New York, New York.

Newspaper – N/Avail

18(c) Banco Popular North America, New York, New York

(“BPNA”), to merge Banco Popular, N.A. (Texas), Houston,

Texas, with and into BPNA.*

Newspaper – 08/13/1999

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

to establish a branch office located at 401 Broad Hollow Road,

Town of Melville, New York.*

Newspaper – 08/20/1999

Branch Banco Popular North America, New York, New York, to

establish a branch office located at 645 H. Street, Suite A, Chula

Vista, California.*

Newspaper – 08/19/1999

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(1) Canadian Imperial Bank of Commerce, Toronto, Canada, and

certain of its subsidiaries, to become bank holding companies by

establishing a de novo national bank, CIBC National Bank,

Maitland, Florida.*

Newspaper – N/Avail

Fed Reg – 08/16/1999

3(a)(1) Boiling Springs, MHC and Boiling Springs Bancorp, both of

Rutherford, New Jersey, to become bank holding companies

with respect to Boiling Springs Savings Bank, also of

Rutherford, New Jersey.*

Newspaper – N/Avail

Fed Reg – N/Avail

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

Type Application

Ending date of

comment period

4(c)(8) U.S. Trust Corporation, New York, New York, to acquire NCT

Holdings, Inc., Greensboro, North Carolina (“NCT”) and

thereby: (i) acquire control of NCT’s wholly-owned subsidiary,

North Carolina Trust Company, a non-depository banking

corporation; and (ii) NCT Opportunities, Inc., Greensboro,

North Carolina, which serves as the general partner to NCT

Opportunities Equity Partners Limited Partnership.

Fed Reg – 08/06/1999

4(c)(8) Citigroup, New York, New York, through its wholly-owned

indirect subsidiary, Citicorp Strategic Technology Corporation,

to make an investment in GlobeSet, Inc., Austin, Texas, and

thereby engage in nonbanking activities.

Fed Reg – N/Avail

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None
Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Orrstown Bank, Orrstown, PA to purchase the assets and assume

the liabilities of Sovereign Bank, a Federal Savings Bank,

Wyomissing, PA.

 08/05/1999

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Farmers and Miners Bank, Pennington Gap, Virginia, to

establish a branch on State Route 83, West Main Street,

Clintwood, Virginia.*

Newspaper – 08/02/1999

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3(a)(1) Cornerstone Bancorp, Easley, South Carolina, to become a

bank holding company through the acquisition of 100% of the

voting shares of Cornerstone National Bank (in organization),

Easley, South Carolina.*

Fed Reg – 08/19/1999

Newspaper – 08/15/1999

3(a)(1) BCC Bankshares, Inc., Phenix, Virginia, to become a bank

holding company through the acquisition of 100% of the

voting shares of The Bank of Charlotte County, Phenix,

Virginia.*

Fed Reg – N/Avail

Newspaper – 08/09/1999

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

2712978 Alliance Bank Corporation

12735 Shops Lane

Fairfax, Virginia 22033

05/10/1999 07/18/1999 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Compass Bank, Birmingham, Alabama, to merge with Hartland

Bank, National Association, Austin, Texas.

N/Avail*

*Subject to provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(3) Compass Bancshares, Inc., Birmingham, Alabama, to acquire

Hartland Bank, National Association, Austin, Texas.

Fed Reg - 08/20/1999*

3(a)(1) Nexity Financial Corporation, Birmingham, Alabama, to

become a bank holding company by acquiring Peoples State

Bank, Grant, Alabama.

N/Avail*

3(a)(5) Skylake Bankshares, Inc., North Miami Beach, Florida, to merge

with Kislak Financial Corporation, Miami Lakes, Florida, and

thereby directly acquire Kislak National Bank, North Miami,

Florida.

Fed Reg - 08/16/1999*

3(a)(3) Premier Bancshares, Inc., Atlanta, Georgia, to acquire Bank

Atlanta, Decatur, Georgia.

Newspaper -08/02/1999*

3(a)(5) FLAG Financial Corporation, LaGrange, Georgia, to merge with

Abbeville Capital Corporation, and thereby directly acquire

Bank of Abbeville, both of Abbeville, South Carolina.

N/Avail*

CIC FBT Bancorp, Inc., Baton Rouge, Louisiana, prior notification

by Mr. Marshall Truman Reynolds to acquire 89 percent of the

outstanding shares of FBT Bancorp, Baton Rouge, Louisiana.

N/Avail*

*Subject to 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

COM Atlantic BancGroup, Inc., Jacksonville Beach, Florida,

commitment waiver request.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Port Byron State Bank

Port Byron, Illinois

 801 1st Street

 Colona, Illinois

Newspaper – 07/15/1999

18(c) &

 Branches

Citizens Bank

Flint, Michigan

 to acquire and establish 17 branch offices from

 Bank One, Michigan

 Detroit, Michigan

Newspaper – N/Avail

Reg K ABN Amro Bank, NV

Amsterdam, The Netherlands

 to establish a representative office in Miami, Florida

Newspaper – 07/06/1999

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

Type Application

Ending date of

comment period

CIC Mid-Iowa Bancshares Company

Algona, Iowa

 by Paul H. and Neva M. Johnson

Fed Reg – 08/04/1999

Newspaper – 08/04/1999

3(a)(1) Kercheval Limited Partnership*

Largo, Florida

 Montezuma State Bank

 Montezuma, Iowa

Fed Reg – 08/20/1999

Newspaper – N/Avail

3(a)(3) Illini Corporation*

Springfield, Illinois

 Farmers State Bank of Camp Point

 Camp Point, Illinois

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(1) Commerce Bancshares, Inc.*

Waukee, Iowa

 Waukee State Bank

 Waukee, Iowa

Fed Reg – 7/1/1999

Newspaper – 7/9/1999

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

Type Application

Ending date of

comment period

4(c)(8) Marshall & Ilsley Corporation

Milwaukee, Wisconsin

 Customer’s Forever, Inc.

 Milwaukee, Wisconsin

Fed Reg – 08/11/1999

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

814533 First American Bank-Joliet

1812 W. Jefferson Street

Joliet, Illinois 60434

(815) 725-5111

01/25/1999 07/19/1999 S X

850036 First American Bank-Carpentersville

261 S. Western Avenue

Carpentersville, Illinois 60110

(847) 952-3700

01/25/1999 07/19/1999 S X
Section V – Availability of CRA public evaluations

763033 First American Bank-Kankakee

101 Meadowview Center

Kankakee, Illinois 60901-2000

(815) 935-7000

01/25/1999 07/19/1999 S X

306739 State Bank of Blue Mound

8 Niles Street

Blue Mound, Illinois 62513

(217) 692-2157

03/23/1999 07/21/1999 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Notice by Lemay Bank & Trust Company, St. Louis, Missouri,

to establish a branch at 1007 Bowles Avenue, Fenton,

Missouri.*

7/11/1999

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

CIC Notice involving Southern Missouri Bancshares, Inc.,

Marshfield, Missouri, by Ben and Tina Morgan.

Newspaper – 8/11/1999

Fed Reg- 8/13/1999

3(a)(1) Notice by Delta Trust & Banking Corporation, Little Rock,

Arkansas, to acquire SEA Bancshares, Inc., Parkdale, Arkansas

(previously reported during the week ending July 17, 1999).*

Newspaper – 8/13/1999

Fed Reg – 8/16/1999

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

Member Notice by Bank of Buffalo, Buffalo, Kentucky, to become a

member of the Federal Reserve System.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

83142 DuQuoin State Bank

DuQuoin, Illinois

3/29/1999 7/23/1999 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) Milk River Banquo, Inc., Malta, Montana, for prior approval to

become a bank holding company through the acquisition of

81.45% of the voting shares of Malta Banquo, Inc., Malta,

Montana.*

Fed Reg - 08/16/1999

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

application for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

CIC Daniel S. Buford, Stephen R. Buford, Sam D. Burford, and Sharon

L. Burford, all of Tulsa, Oklahoma, to acquire voting shares of

Pawnee Holding Company, Pawnee, Oklahoma, and thereby

indirectly acquire The Pawnee National Bank, Pawnee, Oklahoma.

Newspaper – N/Avail

Fed Reg – 08/10/1999

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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 Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) Western Commerce Bank Stock Bonus Plan and Trust

Agreement, Carlsbad, NM, to acquire

Western Commerce Bancshares of Carlsbad, Inc., Carlsbad,

NM, and Western Commerce Bank, Carlsbad, NM*

(previously reported the week ending July 17, 1999)

Fed Reg – 08/16/1999

Newspaper – 08/16/1999

3(a)(1) The Jere J. Ruff Family Limited Partnership II, Longview, TX,

to acquireThe First State Bank, Hallsville, TX*

(previously reported the week ending July 17, 1999)

Fed Reg – 08/16/1999

Newspaper – 08/16/1999

*Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, July 24, 1999

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch East County Bank, Antioch, California, to establish a branch

office at 742 Bancroft Road, Walnut Creek, California. *

Newspaper – 07/28/1999

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(3) Wells Fargo & Company, San Francisco, California, to acquire

Texas Bancshares, Inc., San Antonio, Texas, and thereby

indirectly acquire First National Bank of South Texas, and Bank

of South Texas. *

Newspaper – 08/15/1999

Fed Reg – 08/19/1999

3(a)(5) Zions Bancorporation, Salt Lake City, Utah, to merge with

Regency Bancorp, and thereby indirectly acquire Regency Bank,

both of Fresno, California. Regency Bank will then be merged

into California Bank & Trust, San Diego, California. *

Newspaper – 08/11/1999

Fed Reg – 08/16/1999

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

4(c)(8) Wells Fargo & Company, San Francisco, California, together

with Norwest Financial Services, Inc., and Norwest Financial,

Inc., both of Des Moines, Iowa, to acquire certain assets of

Realty Finance, Inc., Hilo, Hawaii.

COM Western Washington Bancorp, Federal Way, Washington,

requests relief of a commitment made not to incure debt when

the bank holding company was formed in 1992.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None