Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 5 

Week Ending February 1, 2003 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions January 26, 2003 to February 1, 2003 

Regulations And Policies 

Margin Requirements for Security Futures -- letter to the Commodity Futures Trading 

Commission and Securities and Exchange Commission regarding their report on the 

exercise of delegated margin authority. 

- Approved, January 27, 2003 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority January 26, 2003 to February 1, 2003 

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 

Atlanta 

AmSouth Bank, Birmingham, Alabama -- to establish a branch at 2010-2030 Metairie 

Road, Metairie, Louisiana. 

- Approved, January 28, 2003 

St. Louis 

Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 8415 Sylvan Hills 

Highway, Sherwood. 

- Approved, January 29, 2003 

Cleveland 

Fifth Third Bank, Florida, Naples, Florida -- to establish a branch at 21321 South 

Tamiami Trail, Estero. 

- Approved, January 29, 2003 

Cleveland 

Fifth Third Bank, Grand Rapids, Michigan -- to establish branches at 345 West Dundee 

Road, Buffalo Grove, Illinois; 3245 East Michigan Avenue, Jackson, Michigan; and 309 

East Grand River Avenue, East Lansing. 

- Approved, January 29, 2003 

Kansas City 

Five Points Bank, Grand Island, Nebraska -- to establish a branch at 19th Street and 

39th Avenue, Kearney. 

- Approved, January 27, 2003 

New York 

JPMorgan Chase Bank, New York, New York -- to establish a branch at 277 Park 

Avenue. 

- Withdrawn, January 29, 2003 

(AC) = Addition or Correction Delegated - Page 1 of 7 
H.2 Actions under delegated authority January 26, 2003 to February 1, 2003 

Bank Branches, Domestic 

Atlanta 

SouthTrust Bank, Birmingham, Alabama -- to establish branches at 8994 Southwest 40th 

Street, Miami, Florida, and 2090 Northwest 107th Avenue. 

- Approved, January 31, 2003 

Atlanta 

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 1205 West Pratt Street, 

Baltimore, Maryland. 

- Withdrawn, January 28, 2003 

Secretary 

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 5080 Newberry Road, 

Gainesville, Florida. 

- Approved, January 30, 2003 

Bank Holding Companies 

Atlanta 

Alamerica BancCorp, Inc., Birmingham, Alabama -- commitment waiver request. 

- Granted, January 29, 2003 

Dallas 

Andrews Holding Company-Nevada, Carson City, Nevada -- to become a subsidiary 

holding company of Andrews Holding Company, Andrews, Texas, through the 

acquisition of Commercial State Bank. 

- Registration granted, January 28, 2003 

Chicago 

Bancroft State Bancshares, Inc., Bancroft, Wisconsin -- to form Hometown Insurance 

Agency LLC to acquire Rayome Insurance Agency, Inc. and thereby engage in insurance 

agency activities in a town with a population not exceeding 5,000. 

- Approved, January 27, 2003 

Atlanta 

Bancshares of Florida, Inc., Naples, Florida -- to acquire Florida Trust Company, Inc., 

Ft. Lauderdale, and thereby engage in trust activities. 

- Approved, January 29, 2003 

(AC) = Addition or Correction Delegated - Page 2 of 7 
H.2 Actions under delegated authority January 26, 2003 to February 1, 2003 

Bank Holding Companies 

Boston 

Chittenden Corporation, Burlington, Vermont -- to acquire Granite State Bankshares, 

Inc., Keene, New Hampshire, and Granite Bank. 

- Approved, January 30, 2003 

Cleveland 

First Southern Bancorp, Inc., Stanford, Kentucky -- to acquire South Central 

Bancshares, Inc., Russellville. 

- Approved, January 29, 2003 

Minneapolis 

Marshall Bancorp, Inc., Minneapolis, Minnesota -- relief from certain commitments. 

- Granted, January 31, 2003 

Director, BS&R 

O.A.K. Financial Corporation, Byron Center, Michigan -- transfer agent registration. 

- Approved, January 28, 2003 

San Francisco 

Southwest Community Bancorp, Encinitas, California -- to become a bank holding 

company through the acquisition of Southwest Community Bank. 

- Approved, January 29, 2003 

Bank Mergers 

Chicago 

Unionbank, Streator, Illinois -- to merge with Unionbank/Central, Princeton, and thereby 

establish branches. 

- Approved, January 29, 2003 

Banks, Foreign 

Director, BS&R 

BBVA Bancomer, S.A., Mexico City, Mexico -- to establish an agency in Houston, 

Texas. 

- Approved, January 29, 2003 

(AC) = Addition or Correction Delegated - Page 3 of 7 
H.2 Actions under delegated authority January 26, 2003 to February 1, 2003 

Banks, Nonmember, And Miscellaneous Institutions 

Secretary 

Citibank, FSB, Reston, Virginia -- location determination of master account at the 

Federal Reserve Bank of Chicago. 

- Permitted, January 29, 2003 

Director, BS&R 

Harris Trust Company of California, San Francisco, California -- transfer agent 

registration. 

- Withdrawn, January 28, 2003 

Change In Bank Control 

Philadelphia 

The Bancorp, Inc., Wilmington, Delaware -- change in bank control. 

- Permitted, January 28, 2003 

Atlanta 

First Citizens Bankshares, Inc., Glennville, Georgia -- change in bank control. 

- Withdrawn, January 28, 2003 

Minneapolis 

Highland Bancshares, Inc., Bloomington, Minnesota -- change in bank control. 

- Permitted, January 30, 2003 

Competitive Factors Reports 

Kansas City 

The City National Bank and Trust Company of Guymon, Guymon, Oklahoma -- report 

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

certain liabilities of the Guymon branch of Gold Bank, Hennessey. 

- Submitted, January 31, 2003 

Philadelphia 

The Clearfield Bank and Trust Company, Clearfield, Pennsylvania -- report on 

competitive factors of the proposed merger with Clearfield Interim Bank and Trust 

Company. 

- Submitted, January 30, 2003 

(AC) = Addition or Correction Delegated - Page 4 of 7 
H.2 Actions under delegated authority January 26, 2003 to February 1, 2003 

Competitive Factors Reports 

St. Louis 

Community First National Bank of West Plains, West Plains, Missouri -- report on 

competitive factors of the proposed merger with Bank of Evening Shade, Mountain 

Home, Arkansas. 

- Submitted, January 28, 2003 

San Francisco 

East-West Bank, San Marino, California -- report on competitive factors of the proposed 

merger with Pacific Business Bank, Santa Fe Springs. 

- Submitted, January 27, 2003 

Dallas 

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

acquisition of a branch of The First State Bank, Kosse, at 104 North Narcissus. 

- Submitted, January 28, 2003 

St. Louis 

Frontenac Bank, Earth City, Missouri -- report on competitive factors of the proposed 

merger with Frontenac Interim Bank. 

- Submitted, January 30, 2003 

St. Louis 

Godfrey Interim Bank, Des Peres, Missouri -- report on competitive factors of the 

proposed merger with The Bank of Godfrey, Godfrey, Illinois. 

- Submitted, January 28, 2003 

Chicago 

Northeast Security Bank, Sumner, Iowa -- report on competitive factors of the proposed 

purchase of assets and assumption of deposit liabilities of the Decorah branch of Union 

Planters Bank, National Association, Memphis, Tennessee. 

- Submitted, January 29, 2003 

Dallas 

Pioneer Bank, Roswell, New Mexico -- report on competitive factors of the proposed 

merger with Interim One Federal Savings Bank. 

- Submitted, January 31, 2003 

(AC) = Addition or Correction Delegated - Page 5 of 7 
H.2 Actions under delegated authority January 26, 2003 to February 1, 2003 

Competitive Factors Reports 

Kansas City 

Security Bank, Rich Hill, Missouri -- report on competitive factors of the proposed 

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

Washburn branches of First Independent Bank, Aurora. 

- Submitted, January 27, 2003 

Kansas City 

South Central State Bank, Campbell, Nebraska -- report on competitive factors of the 

proposed merger with Commercial Bank, Blue Hill. 

- Submitted, January 27, 2003 

Kansas City 

Western State Bank, Garden City, Kansas -- report on competitive factors of the 

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

and Hugoton branches of Southwest Bank, Ulysses. 

- Submitted, January 27, 2003 

Extensions Of Time 

Dallas 

Atlanta 

Dallas 

Cen-Tex Bancshares, Inc., Austin, Texas, and Cen-Tex Intermediate Holding Company, 

Inc., Wilmington, Delaware -- extension to April 24, 2003, to become bank holding 

companies through the acquisition of Community State Bank, Austin. 

- Granted, January 28, 2003 

Synovus Financial Corp., Columbus, Georgia -- extension to May 6, 2003, to merge with 

United Holdings, Inc., St. Petersburg, Florida, and thereby acquire its subsidiaries, United 

Bank and Trust Company, and United Bank of the Gulf Coast, Sarasota. 

- Granted, January 30, 2003 

Woodforest Financial Group, Inc., The Woodlands, Texas, and Sun Belt Bancshares 

Corporation, Wilmington, Delaware -- extension to April 24, 2003, to acquire shares of 

Main Street National Bank, Cleveland, Texas. 

- Granted, January 29, 2003 

(AC) = Addition or Correction Delegated - Page 6 of 7 
H.2 Actions under delegated authority January 26, 2003 to February 1, 2003 

Financial Holding Companies 

Director, BS&R 

Royal Bank Holding Inc., Toronto, Canada; RBC Holdings (USA) Inc., New York, 

New York; RBC Holdings (Delaware) Inc., Wilmington, Delaware; and Prism Financial 

Corporation, Chicago, Illinois -- elections to become financial holding companies. 

- Effective, January 31, 2003 

International Operations 

New York 

Citibank, N.A., New York, New York -- to underwrite equity securities through 

Citibank Overseas Investment Corporation. 

- Approved, January 29, 2003 

Director, BS&R 

State Street Bank and Trust Company, Boston, Massachusetts, and State Street 

International Holdings -- for State Street Bank and Trust Company to invest an amount in 

excess of 10 percent of its capital and surplus in its Edge corporations; for its London 

branch to establish a subsidiary; and for State Street International Holdings, an Edge 

corporation subsidiary, to engage in mutual fund administration and to amend its articles of 

association. 

- Approved, January 30, 2003 

Membership 

Philadelphia 

Patriot Bank, Pottstown, Pennsylvania -- membership in the Federal Reserve System. 

- Approved, January 31, 2003 

San Francisco 

Western Security Bank, Scottsdale, Arizona -- withdrawal from membership in the 

Federal Reserve System. 

- Granted, January 27, 2003 

Regulations And Policies 

FOMC

Federal Open Market Committee -- minutes of the meeting on December 10, 2002. 

- Published, January 30, 2003 

(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, February 1, 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) South Shore Mutual Holding Company, Weymouth, Newspaper - 03/03/2003 

Massachusetts - to become a bank holding company through the Fed Reg - 03/03/2003 

acquisition of 100% of the voting shares of South Shore Cooperative Bank, Weymouth, Massachusetts 

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, February 1, 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 3 

Federal Reserve Bank of Philadelphia 

Applications and notifications filed during the week ending Saturday, February 1, 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, February 1, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Application by Chippewa Valley Bank, Rittman, OH to merge 

Branch with The Savings Bank &Trust Company, Orrville, OH and, 

incident thereto, establish branch offices.* 

Branch Application by Fifth Third Bank, Cincinnati, OH to establish a 

branch at 3131 Princeton Road, Fairfield, OH.* 

Branch Application by Fifth Third Bank, Cincinnati, OH to establish a 

branch at 1940 State Route 37, Delaware, OH.* 

Branch Appication by Fifth Third Bank, Cincinnati, OH to establish a 

branch at Loveland-Maderia Road and Dapper Drive, Loveland, 

OH.* 

Newspaper - N/Avail 

Newspaper - 02/11/2002 

Newspaper - 02/09/2003 

Newspaper - 02/11/2003 

*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) Application by Wayne Bancorp, Inc., Wooster, OH to acquire 

Banc Services Corp., Orrville, OH.* 

Newspaper - 02/17/2003 

Fed Reg - 02/21/2003 

CIC Change in Control notice filed by David B. Cook of intent to 

retain up to 10.49 percent of the outstanding voting shares of 

HFB Financial Corporation, Middlesboro, KY. 

Newspaper – N/Avail 

Fed Reg - 01/29/2003 

*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 

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, February 1, 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) Surrey Bancorp, Mount Airy, North Carolina, to become a 

bank holding company through the acquisition of 100% of 

the voting shares of Surrey Bank & Trust, Mount Airy, North 

Carolina.* 

Fed Reg - 03/03/2003 

Newspaper - 02/28/2003 

3(a)(5) Bank of Granite Corporation, Granite Falls, North Carolina, 

to acquire 100% of the voting shares of First Commerce 

Corporation, Charlotte, North Carolina.* 

Fed Reg - N/Avail 

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, February 1, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Colonial Bank, Montgomery, Alabama, to establish a branch

located at 34998 Emerald Coast Parkway, Destin, Florida.*

Newspaper-02/03/2003

Branch Colonial Bank, Montgomery, Alabama, to establish a branch

located at 2750 John Hawkins Parkway, Hoover, Alabama.*

Newspaper-01/30/2003

Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 

the north side of Jonesboro Road, west of I-75, McDonough, 

Georgia, to be known as the Henry Town Center Office.*

Newspaper-01/29/2003

Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 

the intersection of Lawrenceville Suwanee Road and Satellite 

Boulevard, Suwanee, Georgia, to be know as the Suwanee Creek 

Office.*

Newspaper-01/29/2003

Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located 

at the north side of Towne Lake Parkway, west of I-575, 

Woodstock, Georgia, to be known as the Towne Lake Office.*

Newspaper-01/29/2003

Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located 

at 1205 West Pratt Street, Baltimore, Maryland, to be known as 

the West Pratt Safeway In-Store Office.*

Newspaper-02/13/2003

*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

CIC Advantage Bankshares, Inc., North Palm Beach, Florida, prior 

notice by Allen Tucker, to acquire 2.04 percent of the

outstanding shares of Advantage Bankshares, Inc., and its

subsidiary, Advantage Bank, both of North Palm Beach, Florida. 

Pro forma total ownership will equal 10.88 percent.

Newspaper-02/14/2003

Fed Reg-02/21/2003

3(a)(1) Georgia Commerce Bancshares, Inc., Atlanta, Georgia, to

become a bank holding company by acquiring Georgia

Commerce Bank, Atlanta, Georgia (in organization).*

Newspaper-N/Avail

Fed Reg-N/Avail
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(1) Morton Bancorp, Inc., Morton, Mississippi, to become a bank 

holding company by acquiring Georgia Commerce Bank, 

Atlanta, Georgia (in organization).*

Newspaper-02/21/2003

Fed Reg-03/03/2003

*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 newspape r notice

Type Application

COM Banking Corporation of Florida, Naples, 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.
Section V – Availability of CRA public evaluations

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, February 1, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18C First Banking Center, Burlington, Wisconsin, to purchase the 

assets and assume liabilities of the Walworth branch of North 

Shore Bank, FSB, Brookfield, Wisconsin.* 

Branch Harris Trust and Savings Bank, Chicago, Illinois, to establish a 

branch facility to be located at 3601 North Halsted Avenue, 

Chicago, Illinois.* 

Branch M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, to 

establish 4 branch facilities to be located at Houghton Road and 

Broadway Blvd., Tucson, Arizona; Litchfield Road and Bell 

Road, Surprise, Arizona; 91st Avenue and Union Hills Drive, 

Peoria, Arizona, and Coratra Road and Silverbell Road, 

Catalina, Arizona.* 

Newspaper – N/Avail 

Newspaper – 01/17/2003 

Newspaper – 01/28/2003 

* 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 the Eldred 2002 Family Trust, Beloit, Wisconsin, and 

Co-Trustees Helen M. Eldred, Beloit, Wisconsin, Susan E. 

Boettcher, Wauwatosa, Wisconsin, Steven M. Eldred, Beloit, 

Wisconsin, and Richard J. Langer, Madison, Wisconsin, to 

acquire control of Centre 1 Bancorp, Inc., Beloit, Wisconsin, 

and thereby indirectly acquire First National Bank and Trust 

Company of Beloit, Beloit, Wisconsin. 

3(a)(1) DB Acquisition Corp., Wausau, Wisconsin, to become a bank 

holding company through the acquisition of 100 percent of the 

voting shares of Dorchester Bancshares, Inc., Dorchester, 

Wisconsin, and thereby indirectly acquire Dorchester State 

Bank, Dorchester, Wisconsin.* 

Fed Reg – 02/10/2003 

Newspaper – N/Avail 

Fed Reg – 01/21/2003 

Newspaper – 01/30/2003 
Section II – Applications subject to both newspaper and Federal Register notice 

Type Application 

3(a)(5) First Mutual Bancorp of Illinois, Inc., Harvey, Illinois, to 

acquire 90 percent of the voting shares of Security Bancorp of 

Dupage, Inc., Naperville, Illinois, and thereby indirectly acquire 

Security Bank of Dupage, Naperville, Illinois.* 

3(a)(3) Standard Bancshares, Inc., Hickory Hills, Illinois, to acquire 100 

percent of the voting shares of East Side Bancorporation, Inc., 

Chicago, Illinois, and thereby indirectly acquire BankChicago, 

Chicago, Illinois.* 

Ending date of 

comment period 

Fed Reg – 11/01/2002 

Newspaper – N/Avail 

Fed Reg – 02/21/2003 

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. 
Section V – Availability of CRA public evaluations 

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

923743 Green Lake State Bank 09/17/2002 01/29/2003 S S 

515 Hill Street 

Green Lake, Wisconsin 54941 

(920) 294-3369 

Section VI – CRA examinations sche duled for Quarter of 

Institution Location 

None 
District 8 

Federal Reserve Bank of St. Louis 

Applications and notifications filed during the week ending Saturday, February 1, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Arvest Bank, Fayetteville, Arkansas, to establish a branch Newspaper – 02/08/2003 

facility to be located at 5201 Southwest Lee Boulevard, Lawton, 

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 

3(a)(3) Bank of Mulberry Employee Stock Ownership Trust, Mulberry, 

Arkansas, and its subsidiary, ACME Holding Company, Inc., 

Mulberry, Arkansas, to acquire 81.65 percent of Madison 

Corporation, Little Rock, Arkansas, and thereby indirectly 

acquire Madison Bank & Trust Company, Kingston, Arkansas.* 

3(a)(1) Mechanics Banc Holding Company, Water Valley, Mississippi, 

to become a bank holding company by acquiring 100 percent of 

Merchanics Bank, Water Valley, Mississippi.* 

3(a)(3) Reliance Bancshares, Inc., Des Peres, Missouri, to acquire 100 

percent of The Bank of Godfrey, Godfrey, Illinois.* 

Newspaper – 02/27/2003 

Fed Reg – 03/03/2003 

Newspaper – 03/03/2003 

Fed Reg – 03/03/2003 

Newspaper – 02/24/2003 

Fed Reg – 03/03/2003 

* 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 

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 

309150 The Missouri Bank 10/21/2002 01/29/2003 O 

Warrenton, Missouri 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 

X 
District 9 

Federal Reserve Bank of Minneapolis 

Applications and notifications filed during the week ending Saturday, February 1, 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 

667252 Stockmens Bank, Cascade, Montana 10/14/2002 01/29/2003 S X 

1003558 Grand Rapids State Bank 09/23/2002 01/29/2003 S X 

Grand Rapids, Minnesota 

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, February 1, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch First State Bank, Taos, New Mexico, to establish a branch at 131 Newspaper - 02/17/2003 

South Tejon Street, Colorado Springs, Colorado. 

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 

538651 Deuel County State Bank 

774 2nd Street 

Chappell, Nebraska 69129 

11/12/2002 01/29/2003 S 

3020447 Farmers Bank 

119 1st Street 

Ault, Colorado 80610 

10/28/2002 01/31/2003 S 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 

X 

X 
District 11 

Federal Reserve Bank of Dallas 

Applications and notifications filed during the week ending Saturday, February 1, 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, February 1, 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 

CIC Notice by Alan Wilber Rolley, Dallas, Texas, and Blake Alan 

Rolley, Flagstaff, Arizona, acting in concert, to increase their 

ownership up to 33.06 percent of Arizona Bancshares, Inc., 

Flagstaff, Arizona.* 

3(a)(1) The Wakashio Bank, Ltd.,Tokyo, Japan, to become a bank 

holding compay by acquiring 100 percent of Manufacturers 

Bank, Los Angeles, California.* 

3(a)(1) Gaslight Leasing, Inc., to become a bank holding company by 

acquiring 100 percent of Fremont Bancorporation, and thereby 

indirectly acquire Fremont Bank, all of Fremont, California.* 

Newspaper – N/Avail 

Fed Reg – 02/04/2003 

Newspaper – 02/20/2003 

Fed Reg – 03/03/2003 

Newspaper – 02/27/2003 

Fed Reg – 03/03/2003 

* 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 

Foreign Branch Far East National Bank, Los Angeles, California, to establish a 

branch office in Ho Chi Minh City, Vietnam. 

3(a)(5)(C) Heritage Bancorp, Reno, Nevada, to become a bank holding 

company by acquiring 100% of Heritage Bank of Nevada, Reno, 

Nevada. 

3(a)(5)(C) Citizens Bancorp, Grass Valley, California, to become a bank 

holding company by acquiring 100 percent of Citizens Bank of 

Nevada County, Nevada City, 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