Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 22

Week Ending May 31, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions May 25, 2003 to May 31, 2003

Regulations And Policies

Anti-Money Laundering Requirements -- final interagency rule on customer identification 

requirements under the Bank Secrecy Act and request for comment on a proposed 

amendment to Regulation K to require Edge and agreement corporations and U.S. 

branches, agencies, and other offices of foreign banks supervised by the Board to 

establish programs to ensure compliance with the Bank Secrecy Act.

- Approved, April 15, 2003 (AC)

Enforcement

Brickyard Bancorp, Inc., Lincolnwood, Illinois -- written agreement with the Federal 

Reserve Bank of Chicago.

- Announced, May 29, 2003 

NAB Bank, Chicago, Illinois -- written agreement with the Federal Reserve Bank of 

Chicago and the Illinois Office of Banks and Real Estate.

- Announced, May 29, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
May 25, 2003 to May 31, 2003

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

The Bank of Illinois in Normal, Normal, Illinois -- to establish a mobile branch to serve 

the Bloomington and Normal areas.

- Approved, May 30, 2003 

Chicago

Compass Bank, Birmingham, Alabama -- to establish a branch at 4408 Bryant Irvin 

Road, Fort Worth, Texas.

- Approved, May 30, 2003 

Atlanta

Dacotah Bank, Aberdeen, South Dakota -- to establish a branch at 125 Main Street, 

Rapid City.

- Approved, May 28, 2003 

Minneapolis

Highlands Union Bank, Abingdon, Virginia -- to establish a branch at 100 West Main 

Street, Banner Elk, North Carolina.

- Approved, May 30, 2003 

Richmond

Patriot Bank, Millington, Tennessee -- to establish a branch at 354 Byhalia Road, 

Collierville.

- Approved, May 29, 2003 

St. Louis

SunTrust Bank, Atlanta, Georgia -- to establish branches at 12821 Braemar Village 

Plaza, Bristow, Virginia, and 1275 K Street, Northwest, Washington, D.C.

- Approved, May 29, 2003 

Secretary

Tower Bank & Trust Company, Fort Wayne, Indiana -- to establish a branch at Lower 

Huntington and Old Trail Roads.

- Approved, May 27, 2003 

Chicago

(AC) = Addition or Correction Delegated - Page 1 of 5
H.2 Actions under delegated authority May 25, 2003 to May 31, 2003

Bank Holding Companies

Alabama National Bancorporation, Birmingham, Alabama -- to acquire Millennium Bank, 

Gainesville, Florida.

- Approved, May 27, 2003 

Secretary

Carver Financial Corporation, Savannah, Georgia -- to become a bank holding company 

through the acquisition of The Carver State Bank.

- Withdrawn, May 29, 2003 

Atlanta

Coast Financial Holdings, Inc., Bradenton, Florida -- commitment waiver request.

- Withdrawn, May 29, 2003 

Atlanta

Gemini Bancshares, Inc., Monument, Colorado -- to become a bank holding company 

through the acquisition of Integrity Bank and Trust.

- Approved, May 30, 2003 

Kansas City

Premier Bancshares, Inc., Dallas, Texas -- for Premier Bancshares, Inc., Premier 

Delaware Bancshares, Inc., Dover, Delaware, and Synergy Financial Group, Waco, 

Texas, to become bank holding companies through the acquisition of Synergy Bank, SSB.

- Approved, May 29, 2003 

Dallas

Bank Mergers

JPMorgan Chase Bank, New York, New York -- to assume certain trust funds of 

Citizens Bank of Connecticut, New London, Connecticut; Citizens Bank of 

Massachusetts, Boston, Massachusetts; Citizens Bank New Hampshire, Manchester, 

New Hampshire; Citizens Bank of Pennsylvania, Philadelphia, Pennsylvania; and Citizens 

Bank of Rhode Island, Providence, Rhode Island.

- Approved, May 29, 2003 

New York

(AC) = Addition or Correction Delegated - Page 2 of 5
H.2 Actions under delegated authority May 25, 2003 to May 31, 2003

Banks, Foreign

HSH Nordbank Aktiengesellschaft, Hamburg and Kiel, Germany -- to establish a branch 

in New York, New York.

- Approved, May 30, 2003 

Director, BS&R

Change In Bank Control

Central of Kansas, Inc., Junction City, Kansas -- change in bank control.

- Permitted, May 28, 2003 

Kansas City

Hometown Bancorp, Inc., Milan, Tennessee -- change in bank control.

- Permitted, May 29, 2003 

St. Louis

J&M Bancshares, Inc., Walton, Kansas -- change in bank control.

- Permitted, May 28, 2003 

Kansas City

Logan Bancorporation, Inc., Logan, Iowa -- change in bank control.

- Withdrawn, May 27, 2003 

Chicago

Competitive Factors Reports

Chevy Chase Bank, FSB, McLean, Virginia -- report on competitive factors of the 

proposed purchase of certain assets and assumption of certain deposits of FBR National 

Bank & Trust, Bethesda, Maryland.

- Submitted, May 29, 2003 

Richmond

Citibank, N.A., New York, New York -- report on competitive factors of the proposed 

merger with Citibank (New York State), Pittsford.

- Submitted, May 30, 2003 

Secretary

(AC) = Addition or Correction Delegated - Page 3 of 5
H.2 Actions under delegated authority May 25, 2003 to May 31, 2003

Competitive Factors Reports

State Bank of Fargo, Fargo, North Dakota -- report on competitive factors of the 

proposed merger with State Bank of West Fargo, West Fargo, and State Bank of 

Moorhead, Moorhead, Minnesota.

- Submitted, May 29, 2003 

Minneapolis

U.S. Bank National Association ND, Fargo, North Dakota -- report on competitive 

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

U.S. Bank National Association, Cincinnati, Ohio.

- Submitted, May 27, 2003 

Minneapolis

Union Bank of California, National Association, San Francisco, California -- reports on 

competitive factors of the proposed mergers with Monterey Bay Bank, Watsonville, and 

Monterey Bay Op Sub, LLC.

- Submitted, May 28, 2003 

Secretary

Vineyard Bank, Rancho Cucamonga, California -- report on competitive factors of the 

proposed merger with Southland Business Bank, Irwindale.

- Submitted, May 27, 2003 

San Francisco

Extensions Of Time

AmeriBank Holding Company, Collinsville, Oklahoma -- extension to August 6, 2003, to 

engage in mortgage origination activities through the establishment of AmeriBank 

Mortgage Company, LLC.

- Granted, May 28, 2003 

Kansas City

Bank of Granite Corporation, Granite Falls, North Carolina -- extension to September 6, 

2003, to merge with First Commerce Corporation, Charlotte, and thereby acquire First 

Commerce Bank.

- Granted, May 28, 2003 

Richmond

(AC) = Addition or Correction Delegated - Page 4 of 5
H.2 Actions under delegated authority May 25, 2003 to May 31, 2003

Extensions Of Time

First Capital Bank, Glen Allen, Virginia -- extension to August 30, 2003, to establish a 

branch at 1580 Koger Center Boulevard, Richmond.

- Granted, May 27, 2003 

Richmond

Neighbors Bancshares, Inc., Roswell, Georgia -- extension to September 18, 2003, to 

become a bank holding company through the acquisition of Neighbors Bank, a de novo 

bank.

- Granted, May 29, 2003 

Atlanta

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, May 31, 2003 

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 31, 2003 

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 Third Quarter of 2003 

Institution Location 

JPMorgan Chase Bank 270 Park Avenue, New York, New York 10017 

Orange County Trust Company 212 Dolson Avenue, Middletown, New York 10940 

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 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, May 31, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, May 31, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Wesbanco Bank, Inc., Wheeling, West Virginia, notice to Newspaper: 05/21/2003 

establish a branch at 1003 Trinity Circle, Washington, PA. 

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

Ending date of 

Type Application comment period 

3(a)(1) Application by Columbia Bancorp, Inc., Cincinnati, Ohio to Newspaper: 06/09/2003 

acquire 100 percent of the voting shares of Columbia Savings Fed Reg: 06/02/2003 

Bank, Cincinnati, Ohio. 

Section III – Applications subject to Fede ral Register notice only 

Ending date of 

Type Application comment period 

4(c)(8) Rurban Financial Corp., - Proposal to dissolve and liquidate Fed Reg 06/10/2003 

RFC Banking Company, a subsidiary bank, and retain shell 

entity as a non bank subsidiary conducting lending and loan 

servicing activities. 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, May 31, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Farmers & Mechanics Bank, Frederick, Maryland, to merge with 

Fredericktown Bank & Trust Company, Frederick, Maryland.* 

Newspaper – N/Avail 

18(c) Farmers & Mechanics Bank, Frederick, Maryland, to acquire 

certain assets and to assume certain liabilities of the Mount Airy, 

Maryland, branch office of Westminster Union Bank, 

Westminster, Maryland.* 

Newspaper – N/Avail 

*Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

3(a)(5) Mercantile Bankshares Corporation, Baltimore, Maryland, to Fed Reg – 06/30/2003 

acquire F&M Bancorporation, Frederick, Maryland.* 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 Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 31, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Capital City Bank, Tallahassee, Florida, to establish a branch 

located at 3515 Apalache Parkway, Tallahassee, Florida.* 

Newspaper-06/08/2003 

Branch Capital City Bank, Tallahassee, Florida, to establish a branch 

located at 6691 Thomasville Road, Tallahassee, Florida.* 

Newspaper-06/08/2003 

Branch Colonial Bank, Montgomery, Alabama, to establish a branch Newspaper-06/05/2003 

located at 856 3rd Avenue, S., Naples, Florida.* 

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CIC Decatur First Bank Group, Inc., Decatur, Georgia, after-the-fact 

notification file by Mary Bobbie Bailey, Atlanta, Georgia, to 

retain 2.1 percent of the outstanding shares of Decatur First 

Bank Group, Inc., and Decatur First Bank, both of Decatur, 

Georgia. Total ownership will equal 11.3 percent. 

3(a)(3) F.N.B. Corporation, Naples, Florida, to acquire up to 20% of 

outstanding voting shares of Sun Bancorp, Inc., and its 

subsidiary Sun Bank, both of Lewisburg, Pennsylvania.* 

CIC Prior change in control notification filed by Jasper Banking 

Company Employee Stock Ownership Plan, to acquire 0.10 

percent of the outstanding shares of JBC Bancshares, Inc., 

(Bancshares), and its subsidiary, Jasper Banking Company 

(Bank), both of Jasper, Georgia, and an after-the-fact 

notification filed by James Hugh Bryan, sole trustee, to retain 

10.18 percent of the outstanding shares of Bancshares, and 

Bank. 

Newspaper-06/17/2003 

Fed Reg-06/17/2003 

Newspaper-06/16/2003 

Fed Reg-N/Avail 

Newspaper-06/11/2003 

Fed Reg-06/03/2003 

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

Ending date of 

Type Application comment period 

None 

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

Type Application 

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 

104038 Park Avenue Bank 

310 North Oak Street Extension 

Valdosta, Georgia 31604 

(229) 242-7758 

861434 Aliant Bank 

Post Office Box 1237 

Alexander City, Alabama 35011 

(256) 329-7451 

02/10/2003 05/29/2003 O X 

01/27/2003 05/29/2003 S X 
Section V – Availability of CRA public evaluations 

3027053 Capital Bank 02/10/2003 05/27/2003 S X 

4138 Carmichael Road 

Montgomery, Alabama 36106 

(334) 395-7900 

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, May 31, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3) Blackhawk Bancorp, Inc., Beloit, Wisconsin, to acquire 100 

percent of the voting shares of DunC Corp., Rockford, Illinois, 

and thereby indirectly acquire First Bank, BC, Capron, Illinois.* 

Fed Reg – 06/20/2003 

Newspaper – N/Avail 

CIC Notice by John J. Reilly, Glencoe, Illinois, to purchase 169,642 

shares or 23.56 percent voting control of Hawthorn Corporation, 

Mundelein, Illinois, and thereby indirectly acquire Hawthorn 

Bank, Mundelein, Illinois. 

Fed Reg – 06/05/2003 

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 

4c8 Heartland Financial USA, Inc., Dubuque, Iowa, proposes to Fed Reg – N/Avail 

engage in financial advisory services and leasing activities 

through its wholly-owned subsidiary, Heartland Capital Corp., 

Dubuque, Iowa. 

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 

187947 Citizens State Bank 

101 N. 15th Street 

Clarinda, IA 51632 

712-542-2121 

130943 Irwin Union Bank & Trust 

500 Washington Street 

Columbus, IN 47201 

812-372-0111 

01/21/2003 05/28/2003 S X 

08/05/2002 05/27/2003 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, May 31, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Arvest Bank, Fayetteville, Arkansas, proposes to establish a Newspaper – 06/13/2003 

branch facility to be located at 11501 East 76th Street North, 

Owasso, Oklahoma.* 

* 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 

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 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, May 31, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3) JDOB, Inc., Sandstone, Minnesota, to acquire 80% or more of 

the voting shares of First National Bank of Hinckley, Hinckley, 

Minnesota, a de novo bank.* 

CIC John Finch Woodhead, Delano, Minnesota, as trustee of the 

Cobb Limited Partnership, St. Croix Falls, Wisconsin, to gain 

control of Financial Services of St. Croix Falls, Inc., St. Croix 

Falls, Wisconsin, and thereby indirectly gain control of Eagle 

Valley Bank, National Association, St. Croix Falls, Wisconsin. 

CIC Change in control notice by Mary Jane Lindholm, Clarkfield, 

Minnesota, to retain control of Clarkfield Holding Company, 

Clarkfield, Minnesota, and thereby indirectly retain control of 

Farmers and Merchants State Bank of Clarkfield, Clarkfield, 

Minnesota. 

Fed Reg – 06/12/2003 

Newspaper – N/Avail 

Fed Reg – 06/12/2003 

Newspaper – 06/20/2003 

Fed Reg – 06/20/2003 

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 Quarter of 

Institution Location 

None 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, May 31, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period

Branch WestStar Bank, Vail, Colorado, to establish a branch at 4600 Newspaper - 06/04/2003 

South Ulster Street, Suite 800, Denver, Colorado. 

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

Ending date of 

Type Application comment period 

CIC Notice by the 2003 Voting Trust Agreement and its trustees: 

Forest Levan Kelly, Oliver Tracy Kelly and Albert Charles 

Kelly of Bristow, Oklahoma; William Royce Kelly, of Tulsa, 

Oklahoma; and Allison Asbury Kelly, of Okemah, Oklahoma, to 

acquire control of Spirit Bankcorp, Inc., Bristow, Oklahoma, 

parent of SpiritBank, Tulsa, Oklahoma. 

CIC Notice by The Dittman Family Trust, Lincoln, Nebraska, to 

retain control of Cornhusker Growth Corporation, Lincoln, 

Nebraska, parent of Cornhusker Bank, Lincoln, Nebraska. 

Newspaper - N/Avail 

Fed Reg - N/Avail 

Newspaper - 06/10/2003 

Fed Reg - 06/16/2003 

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 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, May 31, 2003 

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 31, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) American Pacific Bancorp, Portland, Oregon, to become a bank 

holding company by acquiring 100 percent of American Pacific 

Bank, Portland, Oregon.* 

Newspaper – 06/21/2003 

Fed Reg – 06/27/2003 

3(a)(1) Continental Bancorporation, Salt Lake City, Utah, to become a 

bank holding company by acquiring 100 percent of Continental 

Bank (in organization), Salt Lake City, Utah.* 

Newspaper – 06/10/2003 

Fed Reg – 06/30/2003 

* 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 

Other Hacienda Bank, Santa Maria, California, to issue $3 million of 

subordinated debentures to Preferred Term Securities X, Ltd., a 

company with limited liability established under the laws of the 

Cayman Islands. 
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