Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 25

Week Ending June 21, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions June 15, 2003 to June 21, 2003

Testimony And Statements

Basel Capital Accord -- statement on Basel II by Vice Chairman Ferguson before the 

Senate Committee on Banking, Housing, and Urban Affairs.

- Published, June 18, 2003 

Basel Capital Accord -- statement on Basel II and H.R. 2043 by Vice Chairman 

Ferguson before the Subcommittee on Financial Institutions and Consumer Credit, House 

Committee on Financial Services.

- Published, June 19, 2003 

Board Operations

Division of Monetary Affairs -- promotion of James Clouse to Deputy Associate Director 

and appointments of Cheryl Edwards as Assistant Director and Athanasios Orphanides 

as Advisor.

- Approved, June 16, 2003 

Forms

Forms -- extension with revision of the Quarterly Report of Interest Rates on Selected 

Direct Consumer Installment Loans (FR 2835), Quarterly Report of Credit Card Plans 

(FR 2835a), and Bank Holding Company Report of Insured Depository Institutions' 

Section 23A Transactions with Affiliates (FR Y-8); and extension without revision of the 

Senior Loan Officer Opinion Survey on Bank Lending Practices (FR 2018), and Senior 

Financial Officer Survey (FR 2023).

- Approved, June 18, 2003 

Forms -- to conduct the fourth quinquennial Survey of Small Business Finances (FR 

3044); and to extend with revision the Monthly Survey of Industrial Electricity Use (FR 

2009a,b,c), Report of Repurchase Agreements (RPs) on U.S. Government and Federal 

Agency Securities with Specified Holders (FR 2415), Report of Transaction Accounts, 

Other Deposits and Vault Cash (FR 2900), Report of Certain Eurocurrency Transactions 

(FR 2950/2951), Annual Report of Total Deposits and Reservable Liabilities (FR 

2910a), Allocation of Low Reserve Tranche and Reservable Liabilities Exemption (FR 

2930/2930a), and Report of Foreign (Non-U.S.) Currency Deposits (FR 2915).

- Approved, June 19, 2003 

(AC) = Addition or Correction Board - Page 1 of 2
H.2 Board Actions June 15, 2003 to June 21, 2003

Regulations And Policies

Credit Card Operations -- annual report to Congress on The Profitability of Credit Card 

Operations of Depository Institutions.

- Approved, June 19, 2003 

Enforcement

Southern Commercial Bank, St. Louis, Missouri -- written agreement with the Federal 

Reserve Bank of St. Louis.

- Announced, June 16, 2003 

(AC) = Addition or Correction Board - Page 2 of 2
June 15, 2003 to June 21, 2003

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 11501 East 76th Street 

North, Owasso, Oklahoma.

- Approved, June 18, 2003 

St. Louis

Capital City Bank, Tallahassee, Florida -- to establish branches at 3515 Apalache 

Parkway, 6691 Thomasville Road, and 14302 Spring Hill Drive, Spring Hill.

- Approved, June 19, 2003 

Secretary

First Interstate Bank, Billings, Montana -- to establish a branch at 202 West Main Street, 

Bozeman.

- Approved, June 18, 2003 

Minneapolis

Peoples Bank of Wisconsin, Hayward, Wisconsin -- to establish a branch at 13827 West 

County Road B.

- Approved, June 20, 2003 

Minneapolis

Premier Bank of Jacksonville, Jacksonville, Illinois -- to establish a branch at 203 South 

Miller Street, Waverly.

- Approved, June 18, 2003 

St. Louis

Bank Holding Companies

Afin, Ltd., Cleburne, Texas, and Avest, Inc. -- to become bank holding companies 

through the acquisition of shares of Grandview Bancshares, Inc., Grandview, and First 

State Bank.

- Approved, June 19, 2003 

Dallas

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority June 15, 2003 to June 21, 2003

Bank Holding Companies

AIM Bancshares, Inc., Levelland, Texas -- to become a bank holding company through 

the acquisition of shares of The First National Bank of Littlefield, Littlefield.

- Approved, June 20, 2003 

Dallas

American Premier Bancorp, Arcadia, California -- to become a bank holding company 

through the acquisition of American Premier Bank, a de novo bank.

- Approved, June 19, 2003 

San Francisco

Bank One Corporation, Chicago, Illinois -- to invest in community development activities.

- Approved, June 20, 2003 

Chicago

Business Bancshares, Inc., St. Louis, Missouri -- to become a bank holding company 

through the acquisition of The Business Bank of St. Louis, Clayton.

- Approved, June 19, 2003 

St. Louis

Clyde Delaware Financial Corporation, Dover, Delaware -- to become a subsidiary 

holding company of Clyde Financial Corporation, Clyde, Texas, through the acquisition of 

The Peoples State Bank.

- Registration granted, June 19, 2003 

Dallas

Inwood Bancshares, Inc., Dallas, Texas, and Inwood Delaware, Inc., Dover, 

Delaware -- to acquire WB&T Bancshares, Inc., Duncanville, Texas, WB&T Delaware, 

Inc., and Western Bank & Trust Company.

- Approved, June 19, 2003 

Dallas

Northview Financial Corporation, Northfield, Illinois -- to acquire Northview Mortgage, 

LLC from Northview Bank & Trust and thereby engage in extending credit and servicing 

loans.

- Approved, June 18, 2003 

Chicago

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority June 15, 2003 to June 21, 2003

Bank Holding Companies

Provident Bancorp, Amesbury, Massachusetts -- relief from a commitment.

- Granted, June 19, 2003 

Boston

The ShoreBank Corporation, Chicago, Illinois -- to conduct through a subsidiary financial 

and investment advisory activities, private placement services, and certain administrative 

services.

- Approved, June 20, 2003 

Chicago

Steele Street State Bank Corporation, Denver, Colorado -- to become a bank holding 

company through the acquisition of Steele Street State Bank, a de novo bank.

- Approved, June 18, 2003 

Kansas City

The Union National Financial Corporation, Mount Joy, Pennsylvania -- to acquire shares 

of Plane Street Housing, LP, Columbia.

- Withdrawn, June 17, 2003 

Philadelphia

Change In Bank Control

Groom Bancshares, Inc., Groom, Texas -- change in bank control.

- Permitted, June 17, 2003 

Dallas

Valley Bancorp, Henderson, Nevada -- change in bank control.

- Permitted, June 20, 2003 

San Francisco

Competitive Factors Reports

Bank of Alapaha, Alapaha, Georgia -- report on competitive factors of the proposed 

merger with Alapaha Interim Company.

- Submitted, June 18, 2003 

Atlanta

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority June 15, 2003 to June 21, 2003

Competitive Factors Reports

Bank of Brinkley, Brinkley, Arkansas -- report on competitive factors of the proposed 

purchase of assets and assumption of liabilities of the Brinkley branch of First Community 

Bank, Jonesboro.

- Submitted, June 18, 2003 

St. Louis

The First National Bank and Trust Company of Vinita, Vinita, Oklahoma -- report on 

competitive factors of the proposed acquisition of certain assets and assumption of certain 

liabilities of The First National Bank of Grove, Grove.

- Submitted, June 17, 2003 

Kansas City

First-Citizens Bank & Trust Company, Raleigh, North Carolina -- report on competitive 

factors of the proposed merger with Avery County Bank, Newland.

- Submitted, June 16, 2003 

Richmond

The McCook National Bank, McCook, Nebraska -- report on competitive factors of the 

proposed acquisition of certain assets and assumption of certain liabilities of Commercial 

Bank, Stratton.

- Submitted, June 18, 2003 

Kansas City

San Joaquin Bank, Bakersfield, California -- report on competitive factors of the 

proposed merger with San Joaquin Merger Corp.

- Submitted, June 20, 2003 

San Francisco

Sun Country Bank, Victorville, California -- report on competitive factors of the 

proposed merger with SCB Merger Company, Newport, Minnesota.

- Submitted, June 19, 2003 

San Francisco

Texas Capital Bank, National Association, Dallas, Texas -- report on competitive factors 

of the proposed acquisition of Bluebonnet Savings Bank, FSB.

- Submitted, June 19, 2003 

Dallas

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority June 15, 2003 to June 21, 2003

Extensions Of Time

Citibank, N.A., New York, New York -- extension of time for Citibank Overseas 

Investment Corporation, New Castle, Delaware, to divest its interest in certain property.

- Granted, June 9, 2003 (AC)

Secretary

J.P. Morgan Chase & Co., New York, New York, and JPMorgan Chase Bank -- 

extensions of time to invest through subsidiaries in J.P. Morgan Securities Limited.

- Granted, June 17, 2003 

New York

Prairieland Bancorp Employee Stock Ownership Plan and Trust, Bushnell, Illinois -- 

extension to September 20, 2003, to increase its ownership of Prairieland Bancorp, Inc. 

and thereby acquire Farmers and Merchants State Bank.

- Granted, June 19, 2003 

Chicago

Wachovia Bank, National Association, Charlotte, North Carolina -- extension to June 

17, 2004, to convert its Shanghai, China, representative office to a branch.

- Granted, June 16, 2003 

Richmond

Financial Holding Companies

Marshall & Ilsley Corporation, Milwaukee, Wisconsin -- election to become a financial 

holding company.

- Effective, June 18, 2003 

Chicago

International Operations

CLS Bank International, New York, New York -- to amend its articles of association 

and to increase the number of shares of outstanding capital stock.

- Approved, June 18, 2003 

New York

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority June 15, 2003 to June 21, 2003

International Operations

State Street Corporation, Boston, Massachusetts -- for State Street Bank GmBH, 

Munich, Germany, to establish branches in Milan, Italy, and Vienna, Austria.

- Approved, June 19, 2003 

Boston

(AC) = Addition or Correction Delegated - Page 6 of 6
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, June 21, 2003

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)(1) Clinton Financial Services, MHC and Wachusett Financial 

Services, Inc., both of Clinton, Massachusetts – application to 

become a mutual bank holding company and a stock bank 

holding company, respectively, through the acquisition of 

Clinton Savings Bank, Clinton, Massachusetts

Newspaper – N/Avail 

Fed Reg – N/Avail

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, June 21, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Manufacturers and Traders Trust Company, Buffalo, New York, 

to establish a full-service branch to be located at 830 Eighth 

Avenue, New York, New York.

Newspaper – 06/30/2003

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

Other Foreign Deutsche Bank Trust Company Americas, New York, New 

York, to amend the Articles of Association and thereby change 

the name of its wholly-owned subsidiary, Deutsche Bank Private 

Banking International Corporation to Deutsche Bank 

International Corporation.

Investment Safra National Bank of New York, New York, New York, to 

invest in a newly-formed bank subsidiary to be chartered in The 

Commonwealth of the Bahamas.
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, June 21, 2003

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 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, June 21, 2003

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 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, June 21, 2003

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

615329 The Forest Hill State Bank

130 South Bond Street

Bel Air, Maryland 21014-3836

04/07/2003 06/19/2003 S X

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, June 21, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

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

located at 1420 US Highway South, St. Augustine, Florida, to be 

known as the St. Augustine Road Branch.*

Newspaper-07/02/2003

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

located at 1691 Michigan Avenue, Miami Beach, Florida.*

Newspaper-06/27/2003

*Subject to provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(1) Alapaha Holding Company, Alapaha, Georgia, to become a 

bank holding company by acquiring 100 percent of the 

outstanding shares of Bank of Alapaha, Alapaha, Georgia.*

Newspaper- 07/15/2003

Fed Reg-07/10/2003

3(a)(1) Community Banks of Georgia, Inc., Jasper, Georgia, to become 

a bank holding company by acquiring 100 percent of the 

outstanding shares of Community Bank of Pickens County, 

Jasper, Georgia.*

Newspaper-07/07/2003

Fed Reg-07/10/2003

3(a)(1) Marco Community Bancorp, Inc., Marco Island, Florida, to 

become a bank holding company by acquiring 100 percent of the 

outstanding shares of Marco Community Bank, Marco Island, 

Florida (in organization).*

Newspaper-N/Avail 

Fed Reg-07/18/2003

3(a)(1) Traditions Bancshares, Inc., Cullman, Alabama, to become a 

bank holding company by acquiring 100 percent of the 

outstanding shares of Traditions Bank, Cullman, Alabama (in 

organization).*

Newspaper-07/11/2003

Fed Reg-07/10/2003

CIC Vernon Bancshares, Inc., Leesville, Louisiana, prior notification 

by Gregory Dale Lord to acquire 1.374 percent of the 

outstanding shares of Vernon Bancshares, Inc., and its 

subsidiary, The Vernon Bank, both of Leesville, Louisiana.

Newspaper-07/06/2003

Fed Reg-07/10/2003

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

Type Application

Ending date of

comment period

None

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

Type Application

None Cherokee Banking Company, Canton, Georgia, commitment 

waiver request.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

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, June 21, 2003

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) Alpha Financial Group, Inc., Employee Stock Ownership Plan, 

Toluca, Illinois, to acquire an additional 3,388 or 3.25 percent of 

Alpha Financial Group, Inc. and thereby indirectly acquire 

Alpha Community Bank, both of Toluca, Illinois.*

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(1) Community State Bank Employee Stock Ownership Plan & 

Trust, Union Grove, Wisconsin, to become a bank holding 

company through the retention of at least 29.59 percent of the 

voting shares of Union Bancorporation, Inc., Union Grove, 

Wisconsin, and thereby indirectly acquire Community State 

Bank, Union Grove, Wisconsin.*

Fed Reg – 07/17/2003

Newspaper – N/Avail

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

shares or 23.56 percent voting control of Hawthorn Corporation, 

Mundelein, Illinois, and thereby indirectly acquire Hawthorn 

Bank, Mundelein, Illinois.

Fed Reg – 06/05/2003

Newspaper – N/Avail

3(a)(1) & 4(c)(8) Kankakee Bancorp, Inc., Kankakee, Illinois, to become a bank 

holding company by merging with Aviston Financial 

Corporation, Aviston, Illinois, and thereby indirectly acquiring 

100 percent of the voting shares of State Bank of Aviston, 

Aviston, Illinois; to retain control of KFS Bank, F.S.B., 

Kankakee, Illinois, and thereby operate a savings association; to 

engage in real estate appraisal services through KFS Service 

Corp., Kankakee, Illinois, a wholly-owned subsidiary of KFS 

Bank F.S. B., Kankakee, Illinois, and to engage in securities 

brokerage activities through KFS Insurance Agency, Inc., 

Kankakee, Illinois, a wholly-owned subsidiary of KFS Service 

Corp., Kankakee, Illinois, which is a wholly-owned subsidiary 

of KFS Bank, F.S.B., Kankakee, Illinois.*

Fed Reg – 07/12/2003

Newspaper – N/Avail
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

CIC Notice by Tim Lapke of Logan, Iowa; John Lapke of Logan, 

Iowa; and Chris Hartwig of Missouri Valley, Iowa, to gain 

control of Logan Bancorporation, Inc., Logan, Iowa, through the 

acquistion of stock coupled with the redemption of holding 

company stock; and thereby indirectly acquiring control of First 

National Bank of Logan, Logan, Iowa.

Fed Reg – 06/12/2003 

Newspaper – N/Avail

CIC Notice by David A. Bochnowski, to acquire up to 10.73 percent 

of the voting shares of NorthWest Indiana Bancorp, Munster, 

Indiana, and thereby indirectly control Peoples Bank SB, 

Munster, Indiana.

Fed Reg – N/Avail 

Newspaper – N/Avail

CIC Notice by Boulevard Financial, LP (proposed family limited 

partnership), to gain control of more than 25 percent of the 

outstanding shares of TNB Bancorp, Inc., Tuscola, Illinois, and 

thereby indirectly acquire Tuscola National Bank, Tuscola, 

Illinois.

Fed Reg – 06/30/2003 

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

590248 Town & Country Bank

1925 S. MacArthur Blvd.

Springfield, Illinois 62704

(217) 698-4238

03/10/2003 06/19/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, June 21, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Eagle Bank and Trust Company, Little Rock, Arkansas, to 

establish a branch facility to be located in a shopping center on 

the northwest corner of Maumelle Boulevard and Vestal 

Boulvard, North Little Rock, Arkansas.*

Newspaper – 07/07/2003

Branch Pulaski Bank and Trust Company, Little Rock, Arkansas, to 

establish a branch facility to be located at 4415 East McCain, 

North Little Rock, Arkansas. *

Newspaper – 06/27/2003

* 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

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 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, June 21, 2003

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)(1) First Advantage Bancshares, Coon Rapids, Minnesota, to 

become a bank holding company by acquiring 100 percent of 

First Advantage Bank, Coon Rapids, Minnesota, a de novo 

bank.*

Fed Reg – 07/15/2003

Newspaper – 07/14/2003

3(a)(3) Marquette Financial Companies, Minneapolis, Minnesota 

proposes to acquire 100% of the voting shares of Valley 

Bancorp, Inc., Phoenix, Arizona, and thereby indirectly acquire 

Valley Bank of Arizona, Phoenix, Arizona.*

Fed Reg – 07/10/2003

Newspaper – 07/10/2003

CIC Retroactive Change in control notice by the Harris Family Trust, 

Jay S. Harris, James K. Harris and Julie K. Taylor, as trustees, to 

retain control of Yellowstone Holding Company, Columbus, 

Montana, and thereby indirectly retain control of Yellowstone 

Bank, Laurel, Montana.

Fed Reg – 07/07/2003

Newspaper – 06/30/2003

*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, June 21, 2003

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)(1) Hume Bancshares Acquisition Corp., St. Louis, Missouri, to 

become a bank holding company through the acquisition of 100 

percent of the voting shares of Hume Bancshares, Inc., Hume, 

Missouri, parent of Hume Bank, Hume, Missouri.

Newspaper - N/Avail 

Fed Reg - N/Avail

3(a)(1) Canon Bank Corporation, Canon City, Colorado, to become a 

bank holding company through the acquisition of 80 percent of 

the voting shares of Canon National Bank, Canon City, 

Colorado. 

Newspaper - N/Avail 

Fed Reg - 07/18/2003

3(a)(3) Peoples Bancshares, Inc., Kansas City, Missouri, to acquire an 

additional 22.87 percent, for a total of 68.7 percent of the voting 

shares of MidAmerican Bancshares, Inc., Harrisonville, 

Missouri, parent of Allen Bank and Trust Company, 

Harrisonville, Missouri.

Newspaper - N/Avail 

Fed Reg- 07/12/2003

3(a)(3) Platte County Bancshares, Inc., Platte City, Missouri, to acquire 

an additional 6.2 percent, for a total of 18.7 percent of the voting 

shares of MidAmerican Bancshares, Inc., Harrisonville, 

Missouri, parent of Allen Bank and Trust Company, 

Harrisonville, Missouri.

Newspaper - N/Avail 

Fed Reg - 07/12/2003

CIC Notice by Robin K. Buerge, individually and the following 

notificants acting in concert: Robin K. Buerge Revocable Trust, 

Tulsa, Oklahoma; Steven Buerge Voting Trust, Fort Scott, 

Kansas, Robin K. Buerge, Trustee; and APB Investments, LLC, 

Tulsa, Oklahoma, Robin K. Buerge, Manager, to acquire control 

of Grand Lake Bancorp, Inc., parent of Grand Lake Bank, both 

in Tulsa, Oklahoma

Newspaper - N/Avail 

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

Type Application

Ending date of

comment period

CIC Notice by Patricia Jean Verzani, Helena, Montana, to acquire 

control of First State Bancorp, Inc., Randolph, Nebraska, parent 

of First State Bank, Randolph, Nebraska.

Newspaper - 07/09/2003

Fed Reg - 07/07/2003

CIC Notice by 2003 Voting Trust Agreement and its trustees; Forest 

Levan Kelly, Oliver Tracy Kelly and Albert Charles Kelly, all of 

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

and Allison Asbury Kelly, Okemah, Oklahoma, to acquire 

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

SpiritBank, Tulsa, Oklahoma.

Newspaper - N/Avail 

Fed Reg - 06/23/2003

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

Member Kearney State Bank & Trust Company, Kearney, Nebraska, 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

1386251 BancFirst

101 N. Broadway

Oklahoma City, Oklahoma 

73102-8405

03/10/2003 06/20/2003 S X

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, June 21, 2003

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 James F. Justiss, III, Jena, LA, only notificant, to acquire an 

interest in JBI Financial Corporation, Jena, LA.

Fed Reg – 07/02/2003

Newspaper – 07/11/2003

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

706151 The State Bank of Texas

3330 Antoine

Houston, Texas 77092-7040

10/07/2002 06/20/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, June 21, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Business Bank of Nevada, Las Vegas, Nevada, to establish a 

branch office at 1662 Highway 395, Suite 105, Minden, 

Nevada.*

Newspaper – 06/23/2003

Branch Idaho Banking Company, Boise, Idaho, to establish a branch 

office at 1875 S. Eagle Road, Meridian, Idaho.*

Newspaper – 06/11/2003

* 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)(3) Wells Fargo & Company, San Francisco, California, to acquire 

100 percent of Two Rivers Corporation, Grand Junction, 

Colorado, and thereby indirectly acquire Bank of Grand 

Junction, Grand Junction, Colorado.*

Newspaper – 07/19/2003

Fed Reg - 07/21/2003

* 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

Member NorthStar Bank, Seattle, Washington, 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

2685764 First State Bank

822 N. Humphreys

Flagstaff, AZ 86001

(928) 213-8888

03/03/2003 06/16/2003 S X

877369 Valley Independent Bank

7111 N. Fresno, Suite 100

El Centro, CA 93720

(559) 490-4245

02/03/2003 06/19/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None