Federal Reserve Release

H.2

Actions of the Board, Its Staff,

and the Federal Reserve Banks; 

Applications and Reports Received

No. 50 

Week Ending December 13, 2008

Board of Governors of the Federal Reserve System, Washington, DC 20551
Bank Holding Companies

Banco Santander, S.A., Madrid, Spain -- to acquire Sovereign Bancorp, Inc., 

Philadelphia, Pennsylvania, and thereby acquire its subsidiary federal savings bank, 

Sovereign Bank, Wyomissing.

- Approved, December 9, 2008

Banks, Foreign

China Construction Bank Corporation, Beijing, China -- to establish a branch in New 

York, New York.

- Approved, December 8, 2008

Currency

Federal Reserve Notes -- new currency budget for 2009.

- Approved, December 9, 2008

Monetary and Financial Policy

Term Auction Facility -- TAF auctions in the amount of $150 billion each in 28-day 

credit on January 12 and 84-day credit on January 26, 2009.

- Announced, December 9, 2008

Regulations and Policies

Government Accountability Office -- interagency response to the GAO report 

"Risk-Based Capital: New Basel II Rules Reduced Certain Competitive Concerns, 

but Bank Regulators Should Address Remaining Uncertainties."

- Approved, December 8, 2008

H.2 Board Actions December 7, 2008 to December 13, 2008

(A/C) = Addition or Correction Board - Page 1 of 2
Regulations and Policies

Government Accountability Office -- response to the GAO report "Private Equity: 

Recent Growth in Leveraged Buyouts Exposed Risks that Warrant Continued 

Attention."

- Approved, December 9, 2008

Enforcement

Community Investment Services, Inc., North Branch, Minnesota -- written agreement 

with the Federal Reserve Bank of Minneapolis.

- Announced, December 11, 2008

H.2 Board Actions December 7, 2008 to December 13, 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 Operations and Payment Systems

IF International Finance

OSDM Office of Staff Director for Management

December 7, 2008 to December 13, 2008

Bank Branches, Domestic

Farmers & Merchants Bank, Timberville, Virginia -- to operate a courier service in 

Augusta County and the cities of Staunton and Waynesboro.

Richmond

- Approved, December 8, 2008

The Farmers Citizens Bank, Bucyrus, Ohio -- to establish a branch at 2821 Fishinger 

Road, Columbus.

Cleveland

- Approved, December 11, 2008

Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a 

branch at 6707 Governor Ritchie Highway, Glen Burnie, Maryland.

New York

- Approved, December 10, 2008

Bank Holding Companies

A.N.B. Holding Company, Ltd., Terrell, Texas -- to acquire an interest in The A.N.B. 

Corporation, Terrell, its subsidiary holding company, A.N.B. Delaware Corporation, 

and its subsidiary bank, The American National Bank of Texas.

Dallas

- Approved, December 12, 2008

(A/C) = Addition or Correction Delegated - 1 of 5
Bank Holding Companies

American Momentum Bank, Tampa, Florida -- waiver of application to acquire 

Texas First Bank, Galveston, Texas, in connection with the merger of American 

Momentum and Texas First Bank.

Atlanta

- Granted, December 12, 2008

Carpenter Fund Manager GP, LLC, Irvine, California; Carpenter Fund Management 

Company, LLC; Carpenter Community Bancfund, L.P.; Carpenter Community 

Bancfund-A, L.P.; Carpenter Community Bancfund-CA, L.P.; CCFW, Inc.; and SCJ, 

Inc. -- to acquire shares of Manhattan Bancorp, El Segundo, and its subsidiary bank, 

Bank of Manhattan, N.A.

San Francisco

- Approved, December 11, 2008

Carpenter Fund Manager GP, LLC, Irvine, California; Carpenter Fund Management 

Company, LLC; Carpenter Community Bancfund, L.P.; Carpenter Community 

Bancfund-A, L.P.; Carpenter Community Bancfund-CA, L.P.; CCFW, Inc.; and SCJ, 

Inc. -- to acquire Bridge Capital Holdings, San Jose, and its subsidiary bank, Bridge 

Bank, N.A.

San Francisco

- Approved, December 12, 2008

First Bancshares of Stevenson, Inc., Stevenson, Alabama -- waiver of application to 

merge with F&M Bancorporation, Centre, in connection with the merger of their 

respective subsidiary banks, First Southern State Bank, Stevenson, and Farmers & 

Merchants Bank of Centre, Centre.

Atlanta

- Granted, December 12, 2008

H.2 Actions under delegated authority December 7, 2008 to December 13, 2008

(A/C) = Addition or Correction Delegated - 2 of 5
Bank Holding Companies

First Community Financial Partners, Inc., Joliet, Illinois -- to acquire shares of Burr 

Ridge Bank and Trust (in organization), Burr Ridge.

Chicago

- Approved, December 11, 2008

Foundation First Corporation, Omaha, Nebraska -- to become a bank holding 

company and to acquire Western State Bancshares, Inc., Waterloo, and thereby 

indirectly acquire Western State Bank.

Kansas City

- Approved, December 8, 2008

Independent Bank Group, Inc., McKinney, Texas -- to acquire Independent Bank 

Group, Inc., McKinney, and thereby indirectly acquire Independent Bank, Waco.

Dallas

- Approved, December 11, 2008

NASB Shares, Inc., Belgrade, Minnesota -- to retain Borgerding Agency, Inc., 

Belgrade, and North American State Insurance Agency, Inc., Elrosa, and thereby 

engage in insurance agency activies.

Minneapolis

- Approved, December 12, 2008

Standard Chartered Bank, London, England -- to engage de novo through its 

subsidiary, Standard Chartered Securities (North America) Inc., New York, New 

York, in certain permissible nonbanking activities.

New York

- Approved, December 12, 2008

H.2 Actions under delegated authority December 7, 2008 to December 13, 2008

(A/C) = Addition or Correction Delegated - 3 of 5
Bank Holding Companies

Summerfield Financial Services, LLC, Fremont, Nebraska -- to become a bank 

holding company and to acquire The First National Bank of Summerfield, 

Summerfield, Kansas.

Kansas City

- Approved, December 9, 2008

VBB Financial Corporation, Richmond, Virginia -- to become a bank holding 

company and to acquire Virginia Business Bank, Richmond.

Richmond

- Approved, December 12, 2008

Bank Mergers

Banco Popular de Puerto Rico, San Juan, Puerto Rico -- to merge with its wholly 

owned subsidiary, Popular Finance, Inc., Ponce.

New York

- Withdrawn, December 8, 2008

Change in Bank Control

Citizens Bancshares of Woodville, Inc., Hudson, Wisconsin -- change in bank control 

of Citizens and its subsidiary bank, Citizens State Bank, Hudson.

Minneapolis

- Permitted, December 11, 2008

Citizens Corporation, Columbia, Mississippi -- to retain control of Citizens and its 

subsidiary bank, Citizens Bank, Columbia.

Atlanta

- Permitted, December 11, 2008

H.2 Actions under delegated authority December 7, 2008 to December 13, 2008

(A/C) = Addition or Correction Delegated - 4 of 5
Extensions of Time

First Financial Bank, El Dorado, Arkansas -- extension to April 8, 2009, to establish 

a branch at 2300 East Main Street, El Dorado.

St. Louis

- Granted, December 11, 2008

H.2 Actions under delegated authority December 7, 2008 to December 13, 2008

(A/C) = Addition or Correction Delegated - 5 of 5
District: 1

Federal Reserve Bank of Boston

Filings received during the week ending December 13, 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 December 13, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

Investment Not applicable

Not applicable

Citibank, N.A., Las Vegas, Nevada and Citibank 

Overseas Investment Corporation, New Castle, 

Delaware, pursuant to Section 211.9(f) of 

Regulation K, to make an investment in 

CitiFinancial Consumer Finance India Ltd.

CITIBANK, N.A.

Newspaper:

Federal Register:

Investment Not applicable

Not applicable

Citibank, N.A., Las Vegas, Nevada and Citibank 

Overseas Investment Corporation, New Castle, 

Delaware, pursuant to Section 211.9(f) of 

Regulation K, to make an additional investment 

in Citibank Korea Inc., Seoul, South Korea.

CITIBANK, N.A.

Newspaper:

Federal Register:

* 3A3 Not available

01/12/2009

Morgan Stanley, New York, New York, to 

acquire additional common shares up to 9.9 

percent of the outstanding common shares of 

Chinatrust Financial Holding Company, Ltd., 

Taipei, Taiwan, Republic of China.

MORGAN STANLEY

Newspaper:

Federal Register:

* 3A3 Not available

Not available

New York Private Bank & Trust Corporation, 

Emigrant Bancorp, Inc. and Emigrant Bank, all of 

New York, New York, to acquire 100% of the 

voting shares of DollarSavingsDirect.com (in 

Formation), Ossining, New York.

NEW YORK PRIVATE BANK & 

TRUST 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

NONE

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 December 13, 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 December 13, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch

Not applicable

Application by Fifth Third Bank, Grand Rapids, 12/21/2008

MI to establish a branch at 845 South Elmhurst 

Road, Des Plaines, IL.

FIFTH THIRD BANK

Newspaper:

Federal Register:

* Branch

Not applicable

Fifth Third Bank, Grand Rapids, MI to establlish 12/18/2008

a branch at the southeast corner of Miramar 

Parkway and Flamingo Road, Miramar, FL.

FIFTH THIRD BANK

Newspaper:

Federal Register:

* Branch

Not applicable

Fifth Third Bank, Grand Rapids, MI to establlish 12/18/2008

a branch at the southwest corner of Woolbright 

Road and Jog Road, Boynton Beach, FL.

FIFTH THIRD BANK

* 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 December 13, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A1 01/02/2009

01/05/2009

Armed Forces Benefit Association, AFBA 

Investment Trust, and 5Star Financial, LLC, all 

located in Alexandria, Virginia, to become 

financial holding companies through the 

acquisition of 100% of the voting securities of 

5Star Bank, Colorado Springs, Colorado.

ARMED FORCES BENEFIT 

ASSOCIATION

Newspaper:

Federal Register:

3A1 Not applicable

Not applicable

CBB Financial Corp, Midlothian, Virginia, to 

become a bank holding company through the 

acquisition of 100% of Community Bankers' 

Bank, Midlothian, Virginia.

CBB Financial Corp

Newspaper:

Federal Register:

3A1 Not applicable

Not applicable

HomeTown Bankshares Corporation, Roanoke, 

Virginia, to become a bank holding company 

through the acquisition of 100% of HomeTown 

Bank, Roanoke, Virginia.

HomeTown Bankshares 

Corporation

Newspaper:

Federal Register:

* Branch

Not applicable

Sonabank, Charlottesville, Virginia, upon 12/03/2008

conversion of Sonabank, N.A., Charlottesville, 

Virginia, a national banking association, to a 

Virginia-chartered commercial bank proposes to 

establish a branch at 1770 Timberwood 

Boulevard, Suite 100, Charlottesville, Virginia.

SONABANK, NATIONAL 

ASSOCIATION

Newspaper:

Federal Register:

* 3A3 Not available

Not available

Southern Bancshares, Inc., Mount Olive, North 

Carolina, to acquire up to 9.9% of the 

outstanding common stock of ECB Bancorp, 

Inc., Englehard, North Carolina, and thereby 

indirectly acquire up to 9.9% of the shares of 

East Carolina Bank, Englehard, North Carolina.

SOUTHERN BANCSHARES 

(N.C.), 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 December 13, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A1 12/28/2008

12/26/2008

Educational Funding of the South, Inc., 

Knoxville, Tennessee, to become a bank holding 

company by acquiring 100 percent of the 

outstanding shares of Community Bank of the 

Cumberlands, Jamestown, Tennessee.

EDUCATIONAL FUNDING OF 

THE SOUTH, INC.

Newspaper:

Federal Register:

* 4c8 01/02/2009

01/08/2009

First Trust Corporation, and its subsidiary, First 

Bank and Trust, both of New Orleans, 

Louisiana, to acquire 100 percent of the 

outstanding shares of Globe Bancorp, Inc, and 

its subsidiary, Globe Homestead Savings Bank, 

FSA, both of Metairie, Louisiana, and thereby 

engage in operating a savings association.

FIRST TRUST CORPORATION

Newspaper:

Federal Register:

* 3A1

Not available

Raymond James Financial, Inc., to become a 12/24/2008

bank holding company by acquiring 100 percent 

of the outstanding shares of Raymond James 

Bank, FSB, both of St. Petersburg, Florida, to be 

named Raymond James Bank, N.A., upon its 

conversion to a national bank.

RAYMOND JAMES FINANCIAL, 

INC.

Newspaper:

Federal Register:

4c8 Not applicable

Not available

Synovus Financial Corporation, Columbus, 

Georgia, to establish Broadway Asset 

Management, Inc., Columbus, Georgia, and 

thereby engage de novo in extending credit and 

servicing loans, activities related to extending 

credit, and leasing personal and real property.

SYNOVUS FINANCIAL CORP.

* 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 December 13, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch

Not applicable

City State Bank, Ogden, Iowa, to establish a 12/18/2008

branch facility to be located at 217 Mulberry 

Street, Ogden, Iowa, the site of its head office 

which will be relocated to Ames, Iowa.

CITY STATE BANK

Newspaper:

Federal Register:

* 3A3 Not available

Not available

Glenwood Bancorporation, Glenwood, Iowa, to 

acquire 100 percent of Tabor Enterprises, Inc., 

Tabor, Iowa, and thereby indirectly acqurie First 

State Bank, Tabor, Iowa.

GLENWOOD 

BANCORPORATION

Newspaper:

Federal Register:

4c8 Not applicable

Not applicable

12-day Notice - Indiana Bank Corp., Dana, 

Indiana, proposes to engage de novo in 

extending credit and servicing loans.

INDIANA BANK CORP.

Newspaper:

Federal Register:

* 18C Not available

* Branch Not applicable

Paramount Bank, Farmington Hills, Michigan, to 

merge with Paramount Bank, Las Vegas, 

Nevada, and thereby to establish a branch at 

7795 West Sahara Avenue, Las Vegas, Nevada.

PARAMOUNT BANK

Newspaper:

Federal Register:

CIC 01/03/2009

12/29/2008

Notice by Donald M. Soenen, Plymouth, 

Michigan, as Trustee of the Donald M. Soenen 

Trust dated 9/14/84 and Michael J. Soenen, 

Chicago, Illinois, to retain control of Plymouth 

Financial Corporation, Plymouth, Michigan, and 

thereby indirectly retain shares of New Liberty 

Bank, Plymouth, Michigan.

PLYMOUTH FINANCIAL 

CORPORATION

* 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 December 13, 2008

Filer Filing Type Filing Proposal End of Comment Period

NONE

* 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 December 13, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A1 12/22/2008

12/18/2008

182 Bancshares, Inc., Mankato, Minnesota, to 

become a bank holding company by acquiring 

100 percent of Bank 182, Mankato, Minnesota, a 

de novo bank.

182 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 December 13, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

Member Not applicable

Not applicable

Bank VI, Salina, Kansas, to become a member of 

the Federal Reserve System.

BANK VI

Newspaper:

Federal Register:

* 3A1 Waived

Waived

Colorado Financial Holdings, LLC, Boulder, 

Colorado, to become a bank holding company 

through the acquisition of 100 percent of the 

voting shares of New Frontier Bancorp, parent 

of New Frontier Bank, both in Greeley, 

Colorado.

COLORADO FINANCIAL 

HOLDINGS, LLC

Newspaper:

Federal Register:

* 3A1 Not available

01/09/2009

High Country Bancorp, Inc., Salida, Colorado, to 

become a bank holding company through the 

acquisition of 100 percent of the voting shares 

of High Country Bank, Salida, Colorado.

HIGH COUNTRY BANCORP, INC.

Newspaper:

Federal Register:

Member Not applicable

Not applicable

Peoples Exchange Bank, Belleville, Kansas, to 

become a member of the Federal Reserve 

System.

PEOPLES EXCHANGE 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 December 13, 2008

Filer Filing Type Filing Proposal End of Comment Period

NONE

* 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 December 13, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A1 12/13/2008

12/29/2008

1st Security Bancorp, Inc., to become a bank 

holding company by acquiring 100 percent of 

1st Security Bank of Washington, both of 

Mountlake Terrace, Washington, upon the 

conversion from a mutual savings bank to a 

stock savings bank.

1ST SECURITY BANCORP, INC.

Newspaper:

Federal Register:

* 3A1 Not available

Member

4c8

12/12/2008

Marlin Business Services Corp., Mount Laurel, 

New Jersey, to: 1) become a bank holding 

company upon the conversion of Marlin 

Business Bank, Salt Lake City, Utah, from an 

industrial bank to a commercial bank, pursuant 

to section 3(a)(1) of the Bank Holding Company 

Act; 2) Marlin Business Services Corp. to 

engage indirectly in equipment leasing services 

through Marlin Leasing Corporation, both of 

Mount Laurel, New Jersey, pursuant to section 

225.28(b)(3) of Regulation Y and 4(c)(8) of the 

Bank Holding Company Act; and 3) Marlin 

Business Bank, Salt Lake City, Utah, to become 

a member of the Federal Reserve System.

MARLIN BUSINESS SERVICES 

CORP.

Newspaper:

Federal Register:

* 3A1 Not available

4c8 12/18/2008

Tamalpais Bancorp to: 1) become a bank 

holding company upon the conversion of 

Tamalpais Bank, both of San Rafael, California, 

from an industrial bank to a commercial bank, 

pursuant to section 3(a)(1) of the Bank Holding 

Company 

Act; and 2)engage in financial and investment 

advisory activities through Tamalpais Wealth 

Advisors, San Rafael, California, pursuant to 

sections 4(c)(8) of the Bank Holding Company 

Act, and 225.28(6)(i) of Regulation Y.

TAMALPAIS BANCORP

* 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