Federal Reserve Release

H.2

Actions of the Board, Its Staff,

and the Federal Reserve Banks; 

Applications and Reports Received

No. 10 

Week Ending March 8, 2008

Board of Governors of the Federal Reserve System, Washington, DC 20551
Testimony And Statements

Condition of the U.S. Banking System -- statement by Vice Chairman Kohn on 

March 4, 2008, before the Senate Committee on Banking, Housing, and Urban 

Affairs.

- Published, March 4, 2008

Sovereign Wealth Funds -- statement by Scott G. Alvarez, General Counsel, before 

subcommittees of the House Committee on Financial Services on March 5, 2008, 

regarding the Board's standards for review of investments by sovereign wealth funds 

in U.S. banks and bank holding companies.

- Reviewed, March 4, 2008

Unfair and Deceptive Mortgage Practices -- statement by Leonard Chanin, Associate 

Director, Division of Consumer and Community Affairs, before the California State 

Senate Banking Committee on March 5, 2008, on the Board's proposed amendments 

to Regulation Z to prohibit unfair and deceptive practices in the mortgage market.

- Reviewed, March 3, 2008

Bank Holding Companies

Covenant Bancshares, Inc., Forest Park, Illinois -- commenter's request for review of 

the Federal Reserve Bank of Chicago's approval of the application to acquire 

Community Bank of Lawndale, Chicago.

- Denied, March 3, 2008

Regulations And Policies

Subprime Mortgages -- statement to financial institutions servicing residential 

mortgages on reporting of loss mitigation of subprime mortgages consistent with 

uniform standards.

- Approved, March 3, 2008

H.2 Board Actions March 2, 2008 to March 8, 2008

(A/C) = Addition or Correction Board - Page 1 of 2
Reserve Bank Operations

Federal Reserve Bank of New York -- to close the Buffalo Branch, effective October 

31, 2008.

- Approved, March 3, 2008

Enforcement

FNB Southeast, Reidsville, North Carolina -- issuance of a consent order of 

prohibition against Russell K. Henry, a former employee and institution-affiliated 

party of the former FNB Southeast.

- Announced, March 5, 2008

Tradition Bank, Bellaire, Texas -- issuance of a consent order of assessment of a civil 

money penalty.

- Announced, March 5, 2008

H.2 Board Actions March 2, 2008 to March 8, 2008

(A/C) = Addition or Correction Board - Page 2 of 2
H.2 Actions under delegated authority

BS&R

C&CA

FOMC

Banking Supervision and Regulation

Consumer and Comminity Affairs

Federal Open Market Committee

RBOPS Reserve Bank Operational and Payment System

IF International Finance

OSDM Office of Staff Director for Management

March 2, 2008 to March 8, 2008

Bank Branches, Domestic

Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 11207 South State 

Highway 51 in the Wal-Mart Supercenter, Coweta, Oklahoma.

St. Louis

- Approved, March 3, 2008

SmartBank, Pigeon Forge, Tennessee -- to establish a branch at 570 East Parkway, 

Gatlinburg.

Atlanta

- Approved, March 5, 2008

Bank Holding Companies

Alliance Financial Corporation, Gastonia, North Carolina -- to become a bank 

holding company and to acquire Alliance Bank & Trust Company.

Richmond

- Returned, March 3, 2008

Andrews Holding Company, Andrews, Texas -- to acquire Kent County State Bank, 

Jayton.

Dallas

- Approved, March 6, 2008

Cabool State Bank Employee Stock Ownership Plan, Cabool, Missouri -- to increase 

its ownership of Cabool Bancshares, Inc., and thereby increase its indirect control of 

Cabool State Bank.

St. Louis

- Approved, March 6, 2008

(A/C) = Addition or Correction Delegated - 1 of 3
Bank Holding Companies

HOTC Investment Company, Wray, Colorado -- to become a bank holding company 

and to acquire Wray State Bank.

Kansas City

- Approved, March 3, 2008

Kerndt Bank Services, Inc., Lansing, Iowa -- to acquire Family Merchants 

Bancorporation, Inc., Cedar Rapids, and thereby acquire Family Merchants Bank.

Chicago

- Approved, March 4, 2008

New Mexico Banquest Corporation, Santa Fe, New Mexico -- waiver of application 

to acquire FirstBank of Breckenridge, Breckenridge, Colorado, in connection with its 

merger with Corporation's subsidiary, First National Bank of Santa Fe, Santa Fe, 

New Mexico.

Kansas City

- Granted, March 3, 2008

Osage Bancshares, Inc., Pawhuska, Oklahoma, and Osage Federal Bank -- waiver of 

application to acquire Barnsdall State Bank, Barnsdall, in connection with its merger 

with Bancshares' federal savings bank subsidiary, Osage Federal Bank.

Kansas City

- Granted, March 7, 2008

Bank Mergers

Compass Bank, Birmingham, Alabama -- to merge with The Laredo National Bank, 

Laredo, Texas; State National Bank, Fort Worth; and Texas State Bank, McAllen, 

and thereby establish branches.

Atlanta

- Approved, March 5, 2008

H.2 Actions under delegated authority March 2, 2008 to March 8, 2008

(A/C) = Addition or Correction Delegated - 2 of 3
Extensions Of Time

The Citizens Bank of Edmond, Edmond, Oklahoma -- extension to July 19, 2008, to 

establish a branch at the corner of Pennsylvania Avenue and 164th Street, Oklahoma 

City.

Kansas City

- Granted, March 6, 2008

Virginia Business Bank, Richmond, Virginia -- extension to September 21, 2008, to 

provide a courier service to pick up deposits from customers.

Richmond

- Granted, March 6, 2008

H.2 Actions under delegated authority March 2, 2008 to March 8, 2008

(A/C) = Addition or Correction Delegated - 3 of 3
District: 1

Federal Reserve Bank of Boston

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 1

Federal Reserve Bank of Boston

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 2

Federal Reserve Bank of New York

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

4c8 Not applicable

Not available

Banco do Brasil, Brasilia, Brazil, to engage in 

money transmission activities through BB 

Money Transfers, Inc., New York, New York.

BANCO DO BRASIL S.A.

Newspaper:

Federal Register:

FBSEA Not available

Not applicable

China Construction Bank Corporation, Beijing, 

People's Republic of China, to establish a 

branch in New York, New York, pursuant to 

Section 211.24(a)(1) of Regulation K.

CHINA CONSTRUCTION BANK 

CORPORATION

* Subject to the provisions of the Community Reinvestment Act
District: 2

Federal Reserve Bank of New York

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

 101671 ADIRONDACK BK, UTICA, NEW YORK 08/20/2007 02/14/2008 S Int Sm Bank

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 3

Federal Reserve Bank of Philadelphia

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 3

Federal Reserve Bank of Philadelphia

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 4

Federal Reserve Bank of Cleveland

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch Not available

Not applicable

Fifth Thid Bank, Grand Rapids, MI to establish a 

branch at the southeast corner of State Route 54 

and Grand Boulevard, New Port Richey, FL.

FIFTH THIRD BANK

Newspaper:

Federal Register:

CIC Not available

Not available

Interagency Notices of Change in Bank Control 

filed by:

(1.) Jay L. Dunlap, Lincoln, NB to retain voting 

authority granted by proxy from Mark Dunlap 

over 58.25 shares or 55.48% of the outstanding 

voting shares of New Richmond 

Bancorporation, New Richmond, OH;

(2.) Samad Yaltaghian, Rusden, Northants, 

England, to acquire 46.75 shares or 45.52 

percent of the outstanding voting shares of 

New Richmond Bancorporation, New Richmond, 

OH;

(3.) Jay L. Dunlap, Lincoln, NB and Samad 

Yaltaghian, Rusden, Northants, England, in 

concert resulting from a proxy to vote 46.75 

shares or 45.52 percent of the outstanding 

voting shares of New Richmond 

Bancorporation, New Richmond, OH granted to 

Jay L. Dunlap by Samad Yaltaghian.

NEW RICHMOND 

BANCORPORATION

* Subject to the provisions of the Community Reinvestment Act
District: 4

Federal Reserve Bank of Cleveland

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 5

Federal Reserve Bank of Richmond

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

3A1 Not applicable

Not applicable

1st Financial Services Corporation, 

Hendersonville, North Carolina, to become a 

bank holding company by acquiring 100% of 

the voting securities of Mountain 1st Bank & 

Trust Company, Hendersonville, North carolina.

1st Financial Services Corporation

Newspaper:

Federal Register:

* Branch

Not applicable

The Bank of Marion, Marion, Virginia, proposes 03/13/2008

to establish a branch named the Bank of 

Abingdon, a branch of the Bank of Marion at 

201 Valley Street, Abingdon, Virginia.

BANK OF MARION, THE

Newspaper:

Federal Register:

* 3A3 Not available

Not available

First Citizens Bancorporation, Inc., Columbia, 

South Carolina, to acquire 100% of Merchants 

and Farmers Bank, Comer, Georgia.

FIRST CITIZENS 

BANCORPORATION, INC.

* Subject to the provisions of the Community Reinvestment Act
District: 5

Federal Reserve Bank of Richmond

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 6

Federal Reserve Bank of Atlanta

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

FBSEA Not available

Not applicable

Caixa de Aforros de Vigo, Ourense e 

Pontevedra, Vigo, Spain, to establish 

international bank branches in New York, New 

York, Chicago, Illinois, Los Angeles, California, 

and Houston, Texas.

CAIXA DE AFORROS DE VIGO, 

OURENSE E PONTEVEDRA

Newspaper:

Federal Register:

CIC 03/05/2008

03/14/2008

(08-039) Prior change in control notice filed by 

Citizens Investors, LLC, Savannah, Georgia, 

along with its members, Robert C. Bush, Winter 

Park, Florida; Garfield Langmuir-Logan, San 

Juan Capistrano, California; John A. Murphy, 

Richmond Hill, Georgia; Thomas P. Prince, 

Winter Park, Florida; Elsie R. Chisholm, Michael 

M. Dobbs, Jack Eades, Harvey J. Gilbert, 

Douglas A. Goldstein, Thomas J. Hussey, 

Michael J. Kistler, Richard G. Mopper, Patrick T. 

O'Connor, Jerry E. Russell, Mark V. Smith, 

Henry D. Stevens IV, Gerald M. Thorne, and 

Jeffrey R. Tucker, all of Savannah, Georgia, to 

acquire 100 percent of the outstanding shares of 

First Citizens Bankshares, and its subsidiary, 

First Citizens Bank, both of Glennville, Georgia.

FIRST CITIZENS BANKSHARES, 

INC.

Newspaper:

Federal Register:

* 3A1 03/27/2008

04/04/2008

North Alabama Bancshares, Inc., to become a 

bank holding company by acquiring 100 percent 

of the outstanding shares of North Alabama 

Bank, both of Hazel Green, Alabama.

NORTH ALABAMA 

BANCSHARES, INC.

* Subject to the provisions of the Community Reinvestment Act
District: 6

Federal Reserve Bank of Atlanta

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 7

Federal Reserve Bank of Chicago

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A3 03/14/2008

03/17/2008

Bancorp of New Glarus, Inc., New Glarus, 

Wisconsin, to acquire 100 percent of the voting 

shares of Bank of Juda, Juda, Wisconsin.

BANCORP OF NEW GLARUS, 

INC.

Newspaper:

Federal Register:

CIC 03/21/2008

03/17/2008

Notice by Jeffrey A. Mueller, Cascade, 

Wisconsin, to acquire 100 percent of the 

outstanding common stock of Collins Bankcorp, 

Inc., Collins, Wisconsin, and thereby indirectly 

acquire control of Collins State Bank, Collins, 

Wisconsin.

COLLINS BANKCORP, INC.

Newspaper:

Federal Register:

* 3A3 Not available

Not available

Crete Bancorporation, Inc., Crete, Illinois, to 

acquire an additional 5 percent of the voting 

shares of St. Anne Bancorp, Inc., Manteno, 

Illinois, and thereby indirectly acquire National 

Bank of St. Anne, Saint Anne, Illinois.

CRETE BANCORPORATION, 

INC.

Newspaper:

Federal Register:

* 3A1 03/15/2008

03/14/2008

First Fontanelle Employee Stock Ownership 

Plan and Trust, Fontanelle, Iowa, to become a 

bank holding company by acquiring 30.76 

percent of First Fontanelle Bancorporation, 

Fontanelle, Iowa, and thereby indirectly acquire 

First National Bank, Greenfield, Iowa.

FIRST FONTANELLE EMPLOYEE 

STOCK OWNERSHIP PLAN AND 

TRUST

Newspaper:

Federal Register:

CIC Not available

Not available

Notice by Roger L. Lehmann and Elizabeth E. 

Lehmann, Harvard, Illinois, to retain control of 

Harvard Bancshares, Inc., Harvard, Illinois, and 

thereby indirectly retain Harvard State Bank, 

Harvard, Illinois.

HARVARD BANCSHARES, INC.

Newspaper:

Federal Register:

* Branch Not available

Not applicable

Rolling Hills Bank & Trust, Atlantic, Iowa, to 

establish a branch facility to be located at 502 

Broad Street, Adair, Iowa.

ROLLING HILLS BANK & TRUST

Newspaper:

Federal Register:

* 18C Not available

* Branch Not applicable

State Bank of the Lakes, Antioch, Illinois, to 

purchase the assets and assume the liabilities of 

the Lake Villa, Illinois branch of 

Libertyville Bank and Trust Company, 

Libertyville, Illinois, and thereby to establish a 

branch located at 345 South Milwaukee 

Avenue, Lake Villa, Illinois.

STATE BANK OF THE LAKES

Newspaper:

Federal Register:

* 3A1 Not available

04/07/2008

Wisconsin Bancorp, Inc., Milwaukee, 

Wisconsin, to become a bank holding company 

by acquiring 100 percent of the voting shares of 

Mid America Bank, Janesville, Wisconsin.

WISCONSIN BANCORP, INC.

* Subject to the provisions of the Community Reinvestment Act
District: 7

Federal Reserve Bank of Chicago

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 8

Federal Reserve Bank of St. Louis

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch

Not applicable

Arvest Bank, Fayetteville, Washington County, 03/18/2008

Arkansas, to establish a branch facility to be 

located at 524 North Main, Stillwater, Oklahoma.

ARVEST BANK

Newspaper:

Federal Register:

CIC 03/13/2008

03/25/2008

Notice by Loreen N. Spragg, Rogersville, 

Missouri, individually and as successor trustee 

of the Revocable Trust of Robert M. Spragg, to 

retain control of Citizens National Bancorp, Inc., 

Springfield, Missouri.

CITIZENS NATIONAL 

BANCORP, INC.

Newspaper:

Federal Register:

* 18C

* Branch Not applicable

The Farmers & Merchants Bank, Stuttgart, 04/07/2008

Arkansas, to merge with Chart Bank, Perryville, 

Arkansas, and to retain the acquired facilities as 

branch offices.

FARMERS & MERCHANTS 

BANK, THE

Newspaper:

Federal Register:

* 3A3 04/04/2008

04/04/2008

First Community Bancshares, Inc., Batesville, 

Arkansas, to acquire 100 percent of Goodman 

State Bank, Goodman, Missouri.

FIRST COMMUNITY 

BANCSHARES, INC.

Newspaper:

Federal Register:

* 3A1 03/23/2008

03/24/2008

Parkside Financial, Inc., Clayton, Missouri, to 

become a bank holding company by acquiring 

100 percent of Parkside Financial Bank & Trust, 

Clayton, Missouri (in organization).

PARKSIDE FINANCIAL, INC.

* Subject to the provisions of the Community Reinvestment Act
District: 8

Federal Reserve Bank of St. Louis

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 9

Federal Reserve Bank of Minneapolis

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch

Not applicable

First State Bank of Warner, Warner, South 03/05/2008

Dakota, to establish a branch facility to be 

located at 2201 6th Avenue SE, Aberdeen, 

South Dakota.

FIRST STATE BANK OF 

WARNER, SOUTH DAKOTA

Newspaper:

Federal Register:

* 18C Not available

* Branch Not applicable

Glacier Bank, Kalispell, Montana, to merge with 

Glacier Bank of Whitefish, Whitefish, Montana 

and incident thereto, proposes to establish 

branches at 319 East Second Street, Whitefish, 

Montana, 222 Dewey Avenue, Eureka, 

Montana, and 6195 Hwy 93 South, Whitefish, 

Montana.

GLACIER BANK

Newspaper:

Federal Register:

CIC 03/30/2008

03/04/2008

Notice by Lloyd O. Olson, Lake Park, 

Minnesota, to retain 10 percent or more of the 

shares of Lake Park Bancshares, Inc., Lake Park, 

Minnesota, and thereby indirectly retain control 

of State Bank of Lake Park, Lake Park, 

Minnesota.

LAKE PARK BANCSHARES, INC.

* Subject to the provisions of the Community Reinvestment Act
District: 9

Federal Reserve Bank of Minneapolis

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 10

Federal Reserve Bank of Kansas City

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A3 Not available

03/31/2008

First Liberty Capital Corporation Employee 

Stock Ownership Plan and First Liberty Capital 

Corporation, both of Hugo, Colorado, to acquire 

up to 100 percent of the voting shares of First 

Mountain Bank, Leadville, Colorado.

FIRST LIBERTY CAPITAL 

CORPORATION EMPLOYEE 

STOCK OWNERSHIP PLAN

Newspaper:

Federal Register:

* 18C

* Branch Not applicable

First National Bank of Missouri, Lee's Summit, 03/24/2008

Missouri, to merge with Metcalf Bank, Overland 

Park, Kansas, and incident thereto, to establish 

six branches located at 7840 Metcalf Avenue 

(mobile branch) 7840 Metcalf Avenue, 10300 

Metcalf Avenue, 11900 College Boulevard, 

15100 Metcalf Avenue, all in Overland Park, 

Kansas; and 13446 S. Blackbob Road, Olathe, 

Kansas; and to operate under the title of 

Metcalf Bank, Lee's Summit, Missouri.

FIRST NATIONAL BANK OF 

MISSOURI

Newspaper:

Federal Register:

* 3A3 Not available

04/03/2008

Grant County Bank Employee Stock Ownership 

Plan, to acquire an additional 2.13 percent of the 

voting shares of Resource One, Inc., parent of 

Grant County Bank, all of Ulysses, Kansas.

GRANT COUNTY BANK 

EMPLOYEE STOCK OWNERSHIP 

PLAN

Newspaper:

Federal Register:

CIC Not available

03/26/2008

Notice by Steven Craig Baggerly, individually, 

as co-trustee of the Max Baggerly Marital Trust 

and as trustee of the Employee Stock 

Ownership Plan for Employees of Bank of the 

Panhandle; the Max Baggerly Trust, all of 

Guymon, Oklahoma, together with Karen Ann 

Baggerly, Lubbock, Texas, Marc Lee Williamson 

and Camille Kay Williamson, both of 

Fredericksburg, Texas; all as a group acting in 

concert, to acquire control of Panhandle 

Bancshares, Inc., parent of Bank of the 

Panhandle, both in Guymon, Oklahoma, through 

the acquisition of voting shares.

PANHANDLE BANCSHARES, 

INC.

Newspaper:

Federal Register:

Member Not applicable

Not applicable

Platte County National Bank (to be known as 

Platte County Bank), Scottsbluff, Nebraska, to 

retain its membership in the Federal Reserve 

System following its conversion from a national 

to a state charter.

PLATTE VALLEY NATIONAL 

BANK

Newspaper:

Federal Register:

Member Not applicable

Not applicable

Platte County National Bank (to be known as 

Platte County Bank), Torrington, Wyoming, to 

retain its membership in the Federal Reserve 

System following its conversion from a national 

to a state charter.

PLATTE VALLEY NATIONAL 

BANK

Newspaper:

Federal Register:

Member Not applicable

Not applicable

Tri-County National Bank (to be known as 

Tri-County Bank), Cheyenne, Wyoming, to 

retain its membership in the Federal Reserve 

System following its conversion from a national 

to a state charter.

TRI-COUNTY NATIONAL BANK

* Subject to the provisions of the Community Reinvestment Act
District: 10

Federal Reserve Bank of Kansas City

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 11

Federal Reserve Bank of Dallas

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A1 04/07/2008

04/04/2008

Commerce Financial Corporation, Corpus 

Christi, Texas, to become a bank holding 

company by acquiring 100 percent of Security 

State Bancshares, Inc., Stockdale, Texas, and 

indirectly acquire Security State Bank, 

Stockdale, Texas.

COMMERCE FINANCIAL 

CORPORATION

Newspaper:

Federal Register:

* 3A3 Not available

Not available

First Graham Bancorp, Inc., Graham, Texas, and 

First Graham Delaware Corporation, Dover, 

Delaware, to acquire 100 percent of Surety Bank, 

Fort Worth, Texas.

FIRST GRAHAM BANCORP, INC.

Newspaper:

Federal Register:

3A1 Not applicable

Not applicable

I Bank Holding Company, Inc., Lakeway, Texas, 

to become a bank holding company by 

acquiring 100 percent of Independent Bank of 

Austin, SSB, Austin, Texas.

I BANK HOLDING COMPANY, 

INC.

Newspaper:

Federal Register:

4c8 Not applicable

Not available

Live Oak Bancshares Corporation, George 

West, Texas, to engage in title insurance 

activities pursuant to Section 225.28(b)(11)(iii)

(A) as a result of its proposed 75.5 percent 

investment in Forehand Title Management LLC, 

George West, Texas.

LIVE OAK BANCSHARES 

CORPORATION

Newspaper:

Federal Register:

* Branch Not available

Not applicable

Lone Star State Bank of West Texas, Lubbock, 

Texas, to establish a branch to be located at 406 

E FM 700, Suite 102, Big Spring, Texas 79720.

LONE STAR STATE BANK OF 

WEST TEXAS

Newspaper:

Federal Register:

* 3A5 Not available

04/04/2008

Red River Bancorp, Inc., Gainesville, Texas, to 

acquire by merger 100 percent of Saint Jo 

Bancshares, Inc., Saint Jo, Texas, and indirectly 

acquire First Financial Company of Saint Jo, 

Dover, Delaware, and First National Bank, Saint 

Jo, Texas.

RED RIVER BANCORP, INC.

* Subject to the provisions of the Community Reinvestment Act
District: 11

Federal Reserve Bank of Dallas

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 12

Federal Reserve Bank of San Francisco

Filings received during the week ending March 8, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch

Not applicable

Nara Bank, Los Angeles, California, to establish 03/21/2008

branch facilities at: 1) 55 Northern Boulevard, 

Greatneck, New York; and 2) 2025 Lemoine 

Avenue, Fort Lee, New Jersey.

NARA BANK

Newspaper:

Federal Register:

* Branch

Not applicable

Oregon Pacific Banking Company, Florence, 03/14/2008

Oregon, to establish a mobile branch courier 

service to serve the counties of Coos and 

Douglas, in the state of Oregon.

OREGON PACIFIC BANKING CO.

* Subject to the provisions of the Community Reinvestment Act
District: 12

Federal Reserve Bank of San Francisco

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act