Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 20

Week Ending May 19, 2001

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions May 13, 2001 to May 19, 2001

Testimony And Statements

Credit Availability for Small Business -- statement by Vice Chairman Ferguson 

before the House Small Business Committee.

- Published, May 17, 2001 

Bank Mergers

Old Kent Bank, National Association, Jonesville, Michigan -- for membership in the 

Federal Reserve System on its conversion to an Indiana charter and relocation of its 

main office to Indianapolis, Indiana; to merge with Fifth Third Bank, Indiana, St. 

Joseph, Michigan; to acquire certain branches from Old Kent Bank, Grand Rapids; 

and for Old Kent Bank, Grand Rapids, to acquire certain branches from Old Kent 

Bank, National Association.

- Approved, May 14, 2001 

Discount Rates

Discount Rates -- decrease from 4 percent to 3-1/2 percent by the Federal Reserve 

Banks of New York, Richmond, Chicago, St. Louis, and San Francisco.

- Approved, May 15, 2001 

Discount Rates -- decrease from 4 percent to 3-1/2 percent by the Federal Reserve 

Banks of Boston, Atlanta, Kansas City, and Dallas.

- Approved, May 16, 2001 

Discount Rates -- decrease from 4 percent to 3-1/2 percent by the Federal Reserve 

Banks of Philadelphia, Cleveland, and Minneapolis.

- Approved, May 17, 2001 

Forms

Forms -- initial review of proposals to extend without revision the Report of 

Selected Balance Sheet Items for Discount Window Borrowers (FR 2046), the 

Annual Report on Status of Disposition of Assets Acquired in Satisfaction of Debts 

Previously Contracted (FR 4006), and the Notice of Branch Closure (FR 4031); and 

to reinstate without revision the Report of Terms of Credit Card Plans (FR 2572).

- Proposed, May 17, 2001 

(AC) = Addition or Correction Board - Page 1 of 2
H.2 Board Actions May 13, 2001 to May 19, 2001

Regulations And Policies

Online Delivery of Financial Services -- request for comment on how the Board's 

regulations and policies might be adapted to online banking and lending [Docket No. 

R-1105].

- Approved, May 15, 2001 

(AC) = Addition or Correction Board - Page 2 of 2
May 13, 2001 to May 19, 2001

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 in the Albertson's 

store at Tatum Boulevard and Deer Valley, Phoenix, Arizona.

- Approved, May 16, 2001 

Secretary

Quad City Bank and Trust Company, Bettendorf, Iowa -- to establish a branch at 

221 Third Avenue SE, Cedar Rapids.

- Approved, May 17, 2001 

Chicago

Red River Bank, Alexandria, Louisiana -- to establish a branch at 4425 Monroe 

Highway, Pineville.

- Approved, May 16, 2001 

Atlanta

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 2845 Alabama Avenue, 

SE, Washington, D.C.

- Approved, May 17, 2001 

Atlanta

Bank Holding Companies

American Bank Incorporated, Allentown, Pennsylvania -- to form a bank holding 

company through the acquisition of American Interim Bank, and for American 

Interim Bank to merge with American Bank.

- Approved, May 14, 2001 

Philadelphia

Foresight Financial Group, Inc., Rockford, Illinois -- to acquire Lena Bancorp, Inc., 

Lena, and Lena State Bank.

- Approved, May 17, 2001 

Chicago

(AC) = Addition or Correction Delegated - Page 1 of 7
H.2 Actions under delegated authority May 13, 2001 to May 19, 2001

Bank Holding Companies

Fulton Financial Corporation, Lancaster, Pennsylvania -- to merge with Drovers 

Bancshares Corporation, York.

- Approved, May 16, 2001 

Secretary

Georgia Bancshares, Inc., Fayetteville, Georgia -- to become a bank holding 

company through the acquisition of The Bank of Georgia.

- Approved, May 18, 2001 

Atlanta

Gideon Management LLC, Topeka, Kansas -- to become a bank holding company 

with respect to Gideon Enterprises LP.

- Approved, May 18, 2001 

Kansas City

Industry Bancshares, Inc., Industry, Texas, and Industry Holdings, Inc., Wilmington, 

Delaware -- to acquire Coupland Bancshares, Inc., Coupland, Texas, Coupland State 

Bank, and Coupland Bancshares - Nevada, Inc., Carson City, Nevada.

- Approved, May 17, 2001 

Dallas

LSB Corporation, North Andover, Massachusetts -- to become a bank holding 

company through the acquisition of Lawrence Savings Bank.

- Approved, May 18, 2001 

Boston

Mahaska Investment Company ESOP, Oskaloosa, Iowa -- to acquire additional 

shares of Mahaska Investment Company.

- Approved, May 16, 2001 

Chicago

The Northern Trust Corporation, Chicago, Illinois -- to acquire shares of Hub Co., 

LLC, New York, New York, and thereby engage in data processing and data 

transmission activities.

- Approved, May 15, 2001 

Secretary

(AC) = Addition or Correction Delegated - Page 2 of 7
H.2 Actions under delegated authority May 13, 2001 to May 19, 2001

Bank Holding Companies

Societe Generale, Paris, France -- modification of a commitment.

- Granted, May 17, 2001 

Director, BS&R

Bank Mergers

1st Source Bank, South Bend, Indiana -- to acquire branches of Old Kent Bank, 

Grand Rapids, Michigan, at 4009 Red Arrow Highway, St. Joseph, and 715 Ship 

Street, and thereby establish branches.

- Approved, May 18, 2001 

Chicago

Bank Premises

Farmers and Miners Bank, Pennington Gap, Virginia -- to invest in bank premises.

- Approved, May 15, 2001 

Richmond

Banks, State Member

Southern Commercial Bank, St. Louis, Missouri -- to relocate its main office from 

5515 South Grand Avenue to a current branch at 4435 Meramec Bottom Road, and 

to convert the former main office to a branch.

- Approved, May 16, 2001 

St. Louis

Change In Bank Control

BostonFed Bancorp, Inc., Burlington, Massachusetts -- change in bank control.

- Permitted, May 11, 2001 (AC)

Boston

McIntosh County Bank Holding Company, Inc., Ashley, North Dakota -- change in 

bank control.

- Permitted, May 15, 2001 

Minneapolis

(AC) = Addition or Correction Delegated - Page 3 of 7
H.2 Actions under delegated authority May 13, 2001 to May 19, 2001

Competitive Factors Reports

Chemical Bank West, Cadillac, Michigan -- report on competitive factors of the 

proposed acquisition of the Fremont branch of Fifth Third Bank, Indiana, St. Joseph, 

Michigan.

- Submitted, May 18, 2001 

Chicago

Connecticut Bancshares, Inc., Manchester, Connecticut, and The Savings Bank of 

Manchester -- reports on competitive factors of the proposed acquisition of First 

Federal Savings and Loan Association, East Hartford, and merger of First Federal 

and Savings Bank.

- Submitted, May 16, 2001 

Boston

CustomerOne Financial Network, Inc., St. Louis, Missouri -- report on competitive 

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

Wilmington Savings Fund Society, FSB, Wilmington, Delaware.

- Submitted, May 15, 2001 

St. Louis

The First National Bank in Toledo, Toledo, Illinois -- report on competitive factors 

of the proposed merger with The Greenup National Bank, Greenup.

- Submitted, May 18, 2001 

Chicago

First Security Bank and Trust Company, Charles City, Iowa -- report on competitive 

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

Dumont branch of Commercial Federal Bank, FSB, Omaha, Nebraska.

- Submitted, May 14, 2001 

Chicago

First State Bank, Nora Springs, Iowa -- report on competitive factors of the 

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

Commercial Federal Bank, FSB, Omaha, Nebraska.

- Submitted, May 14, 2001 

Chicago

(AC) = Addition or Correction Delegated - Page 4 of 7
H.2 Actions under delegated authority May 13, 2001 to May 19, 2001

Competitive Factors Reports

First State Bank, Riceville, Iowa -- report on competitive factors of the proposed 

purchase of assets and assumption of liabilities of the Manly branch of Commercial 

Federal Bank, FSB, Omaha, Nebraska.

- Submitted, May 14, 2001 

Chicago

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

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

and assumption of certain liabilities of the Bennettsville, Liberty, Lugoff, and McColl 

branches of Carolina First Bank, Greenville.

- Submitted, May 18, 2001 

Richmond

Fulton Bank, Lancaster, Pennsylvania -- report on competitive factors of the 

proposed merger with The Drovers & Mechanics Bank, York.

- Submitted, May 14, 2001 

Philadelphia

The Peoples State Bank, Hodgenville, Kentucky -- report on competitive factors of 

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

of Union Planters Bank, N.A., Memphis, Tennessee.

- Submitted, May 17, 2001 

St. Louis

Republic National Bank, Houston, Texas -- report on competitive factors of the 

proposed merger with RNB Interim Bank, N.A.

- Submitted, May 18, 2001 

Dallas

Salisbury Bank and Trust Company, Lakeville, Connecticut -- report on competitive 

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

of the North Canaan branch of People's Bank, Bridgeport.

- Submitted, May 17, 2001 

Boston

(AC) = Addition or Correction Delegated - Page 5 of 7
H.2 Actions under delegated authority May 13, 2001 to May 19, 2001

Competitive Factors Reports

Shoreline Bank, Benton Harbor, Michigan -- report on competitive factors of the 

proposed acquisition of the Grand Haven and Holland branches of Old Kent Bank, 

Grand Rapids, and the Zeeland branch of Fifth Third Bank, Indiana, St. Joseph, 

Michigan.

- Submitted, May 18, 2001 

Chicago

Extensions Of Time

Central Texas Bancshares Holdings, Inc., Columbus, Texas, and Colorado County 

Investment Holdings, Inc., Wilmington, Delaware -- extension to August 18, 2001, 

to acquire Hill Bancshares Holdings, Inc., Weimar, Texas, and Hill Bank and Trust 

Company.

- Granted, May 17, 2001 

Dallas

Iowa State Bank Holding Company, Des Moines, Iowa -- extension to August 15, 

2001, to engage de novo through Capitol Partners, LC in community development 

activities.

- Granted, May 15, 2001 

Chicago

International Operations

First Union National Bank, Charlotte, North Carolina -- to establish Monument 

Street International Funding-I, LLC and Monument Street International Funding-II, 

LLC, both in Wilmington, Delaware, as agreement corporations.

- Approved, May 14, 2001 

Director, BS&R

Membership

First Bank and Trust Company, Clinton, Oklahoma -- to remain a member of the 

Federal Reserve System after its conversion from a national to a state charter.

- Approved, May 15, 2001 

Kansas City

(AC) = Addition or Correction Delegated - Page 6 of 7
H.2 Actions under delegated authority May 13, 2001 to May 19, 2001

Membership

First Midwest Bank, N.A., Buffalo Grove, Illinois -- membership in the Federal 

Reserve System.

- Approved, May 15, 2001 

Chicago

Regulations And Policies

Federal Open Market Committee -- minutes of the meeting on March 20, 2001.

- Published, May 17, 2001 

FOMC

Short-term Interest Rates -- decrease in the target for the federal funds rate from 4-

1/2 percent to 4 percent.

- Approved, May 15, 2001 

FOMC

(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, May 19, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Section 9 Merrill Merchants Bank, Bangor, Maine - notification to open a

branch at 58 Elm Street, Waterville, Maine

Newspaper - 6/19/2001

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 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, May 19, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Representative

Office

Icici Ltd., Mumbai, India, to establish a representative office in

New York, New York.*

Newspaper – N/Avail

Representative

Office

China Merchants Bank, Shenzhen, People’s Republic of China,

to establish a representative office in New York, New York.*

Newspaper – N/Avail

18(c) Chase Manhattan Bank, New York, New York, to merge with its

affiliate, Chase Bank of Texas – San Angelo, N.A., San Angelo,

Texas.*

Newspaper – 06/09/2001

* 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

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Banco Bradesco S.A., Osasco, Brazil, to commence de novo

through its subsidiary, Bradesco Securities, Inc., New York,

New York, in financial and investment advisory activities and

securities brokerage and riskless principal services.

Fed Reg – N/Avail
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

INV Canadian Imperial Bank of Commerce, CIBC World Markets

Inc., both of Toronto, Canada, CIBC Delaware Holdings Inc.,

New York, New York, and Amicus Holdings Inc., Cicero,

Illinois, propose to acquire, directly and indirectly, Amicus

Bank, Toronto, Canada.

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, May 19, 2001

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 Martin Tuchman, Princeton, NJ, to purchase up to 18% of the

common stock of Yardville National Bancorp, Mercerville, NJ

Newspaper: N/Avail

Fed. Reg.: 06/08/2001

3(a)(1) Chester Valley Bancorp, Downingtown, PA, to form a bank

holding company through it’s acquisition of First Financial

Bank, Downingtown, PA.

Newspaper: N/Avail

Fed. Reg: 06/08/2001

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, May 19, 2001

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

3A1 Received notification from Community National Corporation,

Franklin, OH on 05/14/2001 of its intent to become a bank

holding company by acquiring all of the outstanding voting

shares of The Community National Bank, Franklin, OH.*
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, May 19, 2001

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 at 331 East Main Street, Wise, Virginia.*

Newspaper - 05/24/2001

Branch Allfirst Bank, Baltimore, Maryland, to establish a branch

at 3995 Carlisle Road, Dover, Pennsylvania .*

Newspaper - 05/29/2001

Merger Central Virginia Bank, Powhatan, Virginia, to purchase

certain assets and to assume certain liabilities of a branch

office of Guaranty Bank, Charlottesville, Virginia, located

at 3490 Lauderdale Drive, Richmond, Virginia .*

Newspaper - 06/13/2001

*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) Greer Bancshares Incorporated, Greer, South Carolina, to

become a bank holding company through the acquisition of

100% of the voting shares of Greer State Bank, Greer, South

Carolina.*

Fed Reg - N/Avail

Newspaper - 06/18/2001

*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

3(a)(1) TransCommunity Bankshares Incorporated, Powhatan, Virginia,

to become a bank holding company through the acquisition of

Bank of Powhatan, N.A., Powhatan, Virginia.

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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 19, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch AuburnBank, Auburn, Alabama, to establish a branch located at

950 Auburn Road, Notasulga, Alabama, to be known as the

Notasulga Branch of AuburnBank.

05/31/2001*

Branch Compass Bank, Birmingham, Alabama, to establish a branch

located at the northwest corner of the intersection of Ray and

56th Street, Candler, Arizona.

05/16/2001*

Branch Compass Bank, Birmingham, Alabama, to establish a branch

located at Agoura Parkway in the Forum Shopping Center,

which is located in the northeast quadrant of the intersection of

Interstate 35 and FM1604, San Antonio, Texas.

05/16/2001*

Branch Compass Bank, Birmingham, Alabama, to establish a branch

located at the northeast corner of Champions Forest and

Cypresswood, Houston, Texas.

05/16/2001*

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

2845 Alabama Avenue, S.E., Washington, D.C., to be known as

the Good Hope Marketplace Office.

05/03/2001*

*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

3A1A Madison Bancshares, Inc., Palm Harbor, Florida, to become a

bank holding company by acquiring Madison Bank, Palm

Harbor, Florida.

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

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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, May 19, 2001

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Regulation K ABN AMRO Bank N.V., Amsterdam, The Netherlands, for

prior approval to establish a branch at 680 Fifth Avenue, New

York, New York.*

Newspaper – 6/08/2001

Branch Bank of Washtenaw, Saline, Michigan, for prior approval to

establish a branch at 250 W. Eisenhower, Ann Arbor,

Michigan.*

Newspaper – 5/25/2001

Merger & Branch Central State Bank, Muscatine, Iowa, for prior approval to

acquire the Muscatine, Iowa branch of Commercial Federal

Bank, FSB, Omaha, Nebraska and thereby to establish a branch

at 2400 Second Avenue, Muscatine, Iowa.*

Newspaper – N/Avail

Branch 1st Source Bank, South Bend, Indiana, for prior approval to

establish a branch at 265 US Highway 131, Three Rivers,

Michigan.*

Newspaper – 5/21/2001

Merger &

 Branches

M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin, for prior

approval to purchase certain assets and assume certain liabilities

of Fifth Third Bank, Southwest F.S.B., Scottsdale, Arizona and

thereby to establish nine branches at the following locations:

4835 E. Warner, Phoenix, Arizona; 270 W. Continental Road,

Green Valley, Arizona; 1510 W. Southern Avenue, Mesa,

Arizona; 4574 East Cactus Road, Phoenix, Arizona; 303 N.

Montezuma Street, Phoenix, Arizona; 7350 East Evans Road,

Scottsdale, Arizona; 2010 West Highway 89A, Sedona, Arizona;

19428 RH Johnson Boulevard, Sun City West, Arizona and

4380 N. Campbell Avenue, Tucson, Arizona.*

Newspaper – N/Avail

Branch Quad City Bank & Trust Company, Bettendorf, Iowa, for prior

approval to establish a branch at 221 Third Avenue SE, Cedar

Rapids, Iowa.*

Newspaper – 5/10/2001

Branch Tri-County Bank, Brown City, Michigan, for prior approval to

establish a branch at 2575 Van Dyke, Marlette, Michigan.*

Newspaper – 6/01/2001

* 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) Advantage Bancorp, Woodbury, Minnesota, for prior approval

to become a bank holding company through the acquisition of

100 percent of the voting shares of First Choice Bank (in

organization), Geneva, Illinois.*

Fed Reg – 5/29/2001

Newspaper – 6/01/2001

3(a)(1) Ameriana Bancorp, New Castle, Indiana, for prior approval to

become a bank holding company through the acquisition of 100

percent of the voting shares of Ameriana Bank and Trust, SB,

New Castle, Indiana (formerly known as Ameriana Bank &

Trust of Indiana).*

Fed Reg – 5/14/2001

Newspaper – 5/14/2001

3(a)(5) & 3(a)(1) Bank of Montreal, Montreal, Canada and Bankmont Financial

Corp., Chicago, Illinois, for prior approval to acquire 100

percent of the voting shares of Harris Joliet Bankcorp, Inc.,

Chicago, Illinois and thereby indirectly acquire First National

Bancorp, Inc., Joliet, Illinois and First National Bank of Joliet,

Joliet, Illinois and by Harris Joliet Bankcorp, Inc., Chicago,

Illinois, for prior approval to become a bank holding company

through the acquisition of 100 percent of the voting shares of

First National Bancorp, Inc., Joliet, Illinois and thereby

indirectly acquire First National Bank of Joliet, Joliet, Illinois.*

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(5) CIB Marine Bancshares, Inc., Pewaukee, Wisconsin, for prior

approval to acquire 100 percent of the voting shares of Citrus

Financial Services, Inc., Vero Beach, Florida and thereby

indirectly acquire Citrus Bank, N.A., Vero Beach, Florida.*

Fed Reg – 5/29/2001

Newspaper – 5/25/2001

3(a)(1) Henry State Bancorp, Inc., Henry, Illinois, for prior approval to

become a bank holding company through the acquisition of 100

percent of the voting shares of Henry State Bank, Henry,

Illinois.*

Fed Reg – 5/29/2001

Newspaper – 5/26/2001

3(a)(1) Hustisford Community Bancorp, Inc., Hustisford, Wisconsin, for

prior approval to become a bank holding company through the

acquisition of 100 percent of the voting shares of Hustisford

State Bank, Hustisford, Wisconsin.*

Fed Reg – 5/29/2001

Newspaper – 5/14/2001

4(c)(8) Republic Bancorp, Inc., Owosso, Michigan, notification of

intent to acquire more than 5 percent of the voting shares of

NetBank, Inc., Alpharetta, Georgia and thereby indirectly

acquire NetBank, a federal savings bank, Alpharetta, Georgia

and to acquire more than 5 percent of the voting shares of

NetBank Partners, LLC, Alpharetta, Georgia, a nonbank

subsidiary engaged in management consulting and counseling

services.*

Fed Reg – 6/04/2001

Newspaper – 5/27/2001

CIC Notification by William Robert Phelps, Fairmont, Minnesota, of

a Change in Control, for approval to retain his current 25.31

percent of the outstanding voting shares of Swea City

Bancorporation, Inc., Estherville, Iowa.

Fed Reg – 5/31/2001

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

None

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

Type Application

Membership Comerica Bank-California, San Jose, California, for prior

approval to become a member of the Federal Reserve System.

Membership Logan County Bank, Lincoln, Illinois, for prior approval to

become a member of the Federal Reserve System.

4(c)(8) Northern Trust Corporation, Chicago, Illinois, notification of

intent to acquire 20 percent of the outstanding voting

membership interests of Gateway Solutions, LLC, Chicago,

Illinois and thereby to engage in the business of providing

lockbox processing services to financial institutions.

4(c)(8) Republic Bancorp, Inc., Owosso, Michigan, notification of

intent to acquire, through its indirect subsidiary, Market Street

Mortgage Corporation, 30 percent of the voting interest of

NeuMark Mortgage Services, LLC, Schaumburg, Illinois, and

thereby to engage in residential mortgage loan brokerage

services.

Membership Town and Country Bank of Springfield, Springfield, Illinois, for

prior approval to become a member of the Federal Reserve

System.

Membership Town and Country Bank, Buffalo, Illinois, for prior approval 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

2315061 Foxdale Bank

1140 W. Spring Street

South Elgin, Illinois 60177

(847) 742-8080

9/05/2000 5/18/2001 SN 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 19, 2001

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 Notice involving Bancshares of Gleason, Inc., Gleason,

Tennessee, by Alan Owen, Robert Owen and Eric Owen, as a

control group, to retain 18.13 percent.

Newspaper – N/Avail.

Fed Reg – 6/6/2001

CIC Notice involving St. Peters Bancshares, Inc., St. Peter, Illinois,

by Raymond and Ruth Schnake to retain 16.9 percent.

Newspaper – N/Avail.

Fed Reg – 6/12/2001

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

87944 Midsouth Bank, Jonesboro, Arkansas 11/27/2000 5/18/2001 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, May 19, 2001

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 J. M. Skophammer Trust and Nancy Skophammer to acquire

control of Hartland Bancshares, Inc., Hartland, Minnesota.

N/Avail.

3(a)(1) West End Financial Corp., Bessemer, Michigan, proposes to

acquire control of 100% of the voting shares of Gogebic Range

Bank, Bessemer, Michigan, a de novo bank.*

Fed. Reg. – 06/18/2001

Newspaper – N/Avail.

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

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, May 19, 2001

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 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, May 19, 2001

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)(3) First National Bank Group, Edinburg, TX, to acquire

Alamo Corporation of Texas, Inc., Alamo, TX, and

Alamo Bank of Texas, Alamo, TX*

Fed Reg – 06/14/2001

Newspaper – N/Avail

3(a)(5) Sterling Bancshares, Inc., Houston, TX, to acquire

Lone Star Bancorporation, Inc., Houston, TX,

Lone Star Bancorp of Delaware, Inc., Wilmington, DE, and

Lone Star Bank, Houston, TX*

Fed Reg – 06/15/2001

Newspaper – 06/13/2001

3(a)(3) Bank of De Soto N.A. Employee Stock Ownership and Trust,

De Soto, TX, to acquire

D Bancorp, Inc., De Soto, TX, and

Bank of De Soto, N.A. De Soto, TX*

Fed Reg – 06/15/2001

Newspaper – 06/02/2001

3(a)(1) TRB Bancorp, Inc., Dallas, TX, to acquire

Greenbelt Bancshares, Inc., Quanah, TX, and

The Security National Bank in Quanah, Quanah, TX*

Fed Reg – 06/18/2001

Newspaper – N/Avail

*Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

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 Third Quarter of 2001

Institution Location

Texas Bank

491569

102 North Main Street

Weatherford, Texas 76086-3241

First Bank of Muleshoe

946461

101 West American Boulevard

Muleshoe, Texas 79347-1010

First National Bank West Texas

407252

701 Main Street

Hale Center, Texas 79041

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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, May 19, 2001

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

3(a)(5)(C) Puget Sound Financial Services, Inc., Fife, Washington, to become

a bank holding company by acquiring Fife Commercial Bank, Fife,

Washington.
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

485867 Sunstate Bank

1300 East Florence Blvd.

Casa Grande, AZ 85222

(520) 836-4666

01/16/2001 05/14/2001 S X

160360 Oregon Pacific Banking Co.

1355 Highway 101

Florence, OR 97439-9619

(541)-977-7121

01/29/2001 05/15/2001 0 X

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended

to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or

omissions.

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None