Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 14

Week Ending April 5, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions March 30, 2003 to April 5, 2003

Testimony And Statements

Check Truncation Act -- statement by Vice Chairman Ferguson before the Senate 

Committee on Banking, Housing, and Urban Affairs.

- Published, April 3, 2003 

Bank Holding Companies

Illini Corporation, Springfield, Illinois -- request for reconsideration of the Board's denial 

of the application to acquire Illinois Community Bancorp, Inc., Effingham, and Illinois 

Community Bank.

- Denied, March 31, 2003 

Mizuho Financial Group, Inc., Tokyo, Japan, and Mizuho Asset Trust & Banking Co., 

Ltd. -- commenter's request for reconsideration of the Board's approval of the 

applications in connection with an internal corporate reorganization.

- Denied, April 3, 2003 

Board Operations

Equal Employment Opportunity -- final rule amending the Board's Rules Regarding Equal 

Opportunity.

- Approved, April 2, 2003 

Regulations And Policies

Financial System Resilience -- publication of Interagency Paper on Sound Practices to 

Strengthen the Resilience of the U.S. Financial System.

- Approved, April 2, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
March 30, 2003 to April 5, 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

AmSouth Bank, Birmingham, Alabama -- to establish a branch at 130 St. Johns Common 

Road, Jacksonville, Florida.

- Approved, March 31, 2003 

Atlanta

AmSouth Bank, Birmingham, Alabama -- to establish a branch at 8350 Millicent Way, 

Shreveport, Louisiana.

- Approved, April 1, 2003 

Atlanta

Bank of Colorado, Fort Collins, Colorado -- to establish a branch at 3640 West 10th 

Street, Greeley.

- Approved, April 3, 2003 

Kansas City

First Banking Center, Burlington, Wisconsin -- to establish a branch at 203 Water Street, 

Shullsburg.

- Approved, March 31, 2003 

Chicago

First State Bank N.M., Taos, New Mexico -- to establish a branch at 100 North 

Guadalupe Street, Santa Fe.

- Approved, April 2, 2003 

Kansas City

The Payne County Bank, Perkins, Oklahoma -- to establish a branch at 417 East 

Highway 33.

- Approved, April 4, 2003 

Kansas City

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority March 30, 2003 to April 5, 2003

Bank Branches, Domestic

Potomac Bank of Virginia, Vienna, Virginia -- to establish a branch at 9910 Main Street, 

Fairfax; to subsequently designate it as the bank's new main office; and to retain the old 

main office at 133 Maple Avenue, Vienna, as a branch.

- Approved, April 2, 2003 

Richmond

Texas Bank, Weatherford, Texas -- to establish a branch at 4841 Colleyville Boulevard, 

Colleyville.

- Approved, April 3, 2003 

Dallas

Bank Holding Companies

Bay View Capital Corporation, San Mateo, California -- to acquire Bay View 

Acceptance Corporation and thereby engage in certain nonbanking activities.

- Approved, April 4, 2003 

San Francisco

Bethlehem Financial Corporation, Belen, New Mexico -- to become a bank holding 

company through the acquisition of Bank of Belen.

- Approved, April 3, 2003 

Kansas City

Capitol Bancorp, Ltd., Lansing, Michigan -- to acquire, through its subsidiary, First 

California Southern Bancorp, San Diego, California, shares of First International Bank, 

Chula Vista; and for First California Southern Bancorp to become a bank holding 

company through the acquisition of shares of First International Bank.

- Withdrawn, April 2, 2003 

Chicago

CBS Banc-Corp., Russellville, Alabama -- to merge with Community Financial Services, 

Inc., Bolivar, Tennessee, and thereby acquire its subsidiary, Bank of Bolivar.

- Approved, April 2, 2003 

Atlanta

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority March 30, 2003 to April 5, 2003

Bank Holding Companies

Hume Bancshares Acquisition Corp., St. Louis, Missouri -- to become a bank holding 

company through the acquisition of Hume Bancshares, Inc., Hume.

- Withdrawn, April 3, 2003 

Kansas City

M&T Bank Corporation, Buffalo, New York -- to acquire shares of Clarity Payment 

Solutions, Inc., New York, and thereby engage in management consulting services and 

data processing and transmission activities.

- Approved, March 31, 2003 

Secretary

Main Street Financial Services Corp, Wheeling, West Virginia -- to become a bank 

holding company through the acquisition of Main Street Banc Corp.

- Approved, April 4, 2003 

Cleveland

Mountain Bancshares, Inc., Dawsonville, Georgia -- to become a bank holding company 

through the acquisition of Mountain State Bank, a de novo bank.

- Approved, March 31, 2003 

Atlanta

SNB Bancshares, Inc., Macon, Georgia -- to acquire Bank of Gray, Gray.

- Approved, April 4, 2003 

Atlanta

TCF Financial Corporation, Wayzata, Minnesota -- to acquire additional shares of 

TransCommunity Bankshares Incorporated, Richmond, Virginia.

- Approved, April 2, 2003 

Minneapolis

Bank Premises

Capital City Bank, Tallahassee, Florida -- to increase its investment in bank premises.

- Withdrawn, March 31, 2003 

Atlanta

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority March 30, 2003 to April 5, 2003

Bank Premises

Heartland Bank, Croton, Ohio -- investment in bank premises.

- Approved, April 1, 2003 

Cleveland

Banks, State Member

The Security State Bank of Pecos, Pecos, Texas -- to increase its investment in its 

community development corporation, TransPecos Development Corp.

- Approved, April 4, 2003 

Dallas

Change In Bank Control

Central of Kansas, Inc., Junction City, Kansas -- change in bank control.

- Permitted, April 3, 2003 

Kansas City

Eagle National Holding Company, Miami, Florida -- change in bank control.

- Permitted, April 4, 2003 

Atlanta

East Alabama Financial Group, Inc., Wedowee, Alabama -- change in bank control.

- Permitted, April 4, 2003 

Atlanta

First Medicine Lodge Bancshares, Inc., Overland Park, Kansas -- change in bank 

control.

- Permitted, March 31, 2003 

Kansas City

First State Agency of Lake Lillian, Inc., Lake Lillian, Minnesota -- change in bank control.

- Permitted, April 4, 2003 

Minneapolis

Idaho Banking Company, Boise, Idaho -- change in bank control.

- Permitted, April 1, 2003 

San Francisco

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority March 30, 2003 to April 5, 2003

Change In Bank Control

Knisely Financial Corp., Butler, Indiana -- change in bank control.

- Permitted, April 4, 2003 

Chicago

Lea County Bancshares, Inc., Hobbs, New Mexico -- change in bank control.

- Permitted, April 2, 2003 

Dallas

Competitive Factors Reports

First Citizens National Bank, Dyersburg, Tennessee -- report on competitive factors of 

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

branches of Pulaski Bank and Trust Company, Little Rock, Arkansas.

- Submitted, April 3, 2003 

St. Louis

First County Bank, Doylestown, Pennsylvania -- report on competitive factors of the 

proposed merger with UNB Acquisition, Inc., Souderton.

- Submitted, April 4, 2003 

Philadelphia

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

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

of deposit liabilities of the Powdersville branch of Carolina First Bank, Greenville.

- Submitted, March 31, 2003 

Richmond

K-Fed Bancorp, Covina, California -- report on competitive factors of the proposal to 

become a mutual holding company through the reorganization of Kaiser Federal Bank.

- Submitted, April 2, 2003 

San Francisco

Extensions Of Time

Goodfield Financial Corporation, Goodfield, Illinois -- extension to July 3, 2003, to 

become a bank holding company through the acquisition of Goodfield State Bank.

- Granted, April 3, 2003 

Chicago

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority March 30, 2003 to April 5, 2003

Extensions Of Time

Overton Financial Corporation, Overton, Texas -- extension to June 30, 2003, to 

increase ownership in Longview Financial Corporation, Longview, and thereby maintain 

ownership in Longview Delaware Corporation, Dover, Delaware, and its subsidiaries, 

Longview Bank and Trust Company, Longview, Texas, and First State Bank, Van.

- Granted, April 4, 2003 

Dallas

Premier Bank, Denver, Colorado -- extension to June 22, 2003, to establish a mobile 

branch to operate within 35 miles of the branch at 1630 Stout Street.

- Granted, April 4, 2003 

Kansas City

(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, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period

3a1, 3a3 Woori Bank, Seoul, Korea, to acquire 100 percent of the capital 

stock pf Panasis Bank, N.A., Fort Lee, New Jersey 

Newspaper – 4/13/2003 

Fed Reg – 4/18/2003 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

4c8 Commerzbank Aktiengesellschaft AG, Frankfurt, Germany, to Fed Reg – 4/23/2003 

engage directly or indirectly in certain nonbanking activities 

through its existing wholly-owned U.S. broker-dealer subsidiary, 

Commerzbank Capital Markets Corporation, New York, New 

York. 

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 ins titution or Reserve Bank. 

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Ending date of 

comment period 

3(a)(5) Fulton Financial Corporation, Lancaster, PA, to acquire Newspaper: 05/01/ 2003 

Premier Bancorp, Inc., Doylestown, PA. Fed. Reg.: 05/02/2003 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

The CRA requires that each depository institution's record in helping meet the credit n eeds 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 Reserv e 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 examine d and their CRA public evaluations are now available. 

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

The Community Reinvestment Act is intended to encourage depository i nstitutions 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 = Satis factory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

604024 Minster Bank 

95 West 4th Street 

01/13/2003 04/02/2003 O X 

Minster, OH 45865 

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, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch RBC Ce ntura Bank, Rocky Mount, North Carolina, to establish Newspaper – 04/18/2003 

a branch at 1400 Howell Branch Road, Winter Park, Florida.* 

*Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

The CRA requires that each de pository 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 evaluati on may be obtained directly from the institution or Reserve Bank. 

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

292524 Four Oaks Bank & Trust Compan y 01/13/2003 04/02/2003 S X 

611 US Highway 301 South 

Four Oaks, North Carolina 27524 

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, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

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

2825 Smith Avenue, Baltimore, Maryland, to be known as the 

Greenspring Office.* 

Newspaper-04/11/2003 

FBSEA Banco de Sabadell, S.A., Miami, Florida, to convert its existing 

state chartered internat ional bank agency into a state chartered 

international bank branch. 

Newspaper-N/Avail 

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(1) American Trust Bancorp, Roswell, Georgia, to become a bank 

holding company by acquiring American Trust Bank, Roswell, 

Georgia (in organization).* 

Newspaper-05/01/2003 

Fed Reg-04/24/2003 

3(a)(1) Sterling BancGroup, Inc., Lan tana, Florida, to become a bank 

holding company by acquiring Sterling Bank, Lantana, Florida 

(formerly known as Sterling Bank, F.S.B.). 

Newspaper-04/18/2003 

Fed Reg-04/18/2003 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

3(a)(1) North Georgia Bancorp, Inc., Watkins ville, Georgia, notice to 

become a bank holding company by acquiring North Georgia 

Bank, Watkinsville, Georgia 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) & Branches Comerica Bank, Detriot, Michigan, to merge with Comerica 

Bank-Texas, Dallas, Texas and Comerica Bank-California, San 

Jose, California, and thereby to establish 15 branches. 

18(c) & Branches Midwest Bank and Trust Company, Elmwood Park, Illinois, to 

merge with CoVest Banc, National Association, Des Plaines, 

Illinois, and thereby to establish branches at 749 Lee Street, Des 

Plaines, Illinois, 2601 West Schaumburg, Schaumburg, Illinois, 

and 770 West Dundee Road, Arlington Heights, Illin ois.* 

Newspaper – N/Avail 

Newspaper – 04/25/2003 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CIC Notice by Commerce Bancor p Rabbi Trust, Berkeley, Illinois, 

to increase ownership from 9.97 percent to 10.21 percent of 

Commerce Bancorp, Inc., Berkeley, Illinois, and thereby 

indirectly acquire control of National Bank of Commerce, 

Berkeley, Illinois. 

3(a)(5) Midwest Banc Holdings, Inc., Melrose Park, Illinois, to acquire 

100 percent of the voting shares of CoVest Bancshares, Inc., Des 

Plaines, Illinois, and thereby indirectly acquire CoVest Banc, 

National Association, Des Plaines, Illinois.* 

3(a)(3) National Bancshares, Inc., Bettendorf, Iowa, to acquire at least 

400,000 shares, or 33.56 percent of Benchmark Bancorp, Inc., 

Aurora, Illinois, and thereby indirectly Benchmark Bank, 

Aurora, Illinois.* 

CIC Notice by Francis E. Powers, to acquire 49.78 percent of the 

voting shares of Union Bancorporation, Defiance, Iowa, and 

thereby indirectly acquire Defiance State Bank, Defiance, Iowa. 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 04/28/2003 

Newspaper –04/25/2003 

Fed Reg – 04/18/2003 

Newspaper – N/Avail 

Fed Reg – 04/17/2003 

Newspaper – N/Avail 

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

Ending date of 

Type Application comment period 

None 

Section IV – Applications not subject to Fede ral Register or newspaper notice 

Type Application 

3(a)(1) Notice Peoples Bancshares, Inc., Elkhorn, Wisconsin, to become a bank 

holding company by acquiring 100 percent of Peoples Bank, 

Elkhorn, Wisconsin. 

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 rec ord 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 l evels to rate an institution's performance under CRA: 

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

689740 F&M Bank of Iowa 

11 North 1st Avenue 

07/01/2002 03/31/2003 S X 

Marshalltown, Iowa 50158 

(641) 754- 5500 

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, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch First Bank, St. Louis, Missouri, to establish a branch facility to Newspaper – 04/03/2003 

be located at 4000 Green Mount Crossing Drive, Shiloh, 

Illinois.* 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3A3 Pulaski Investment Corporation, Little Rock, Arkansas, to 

acquire 100 percent of The Munford Union Bank, Munford, 

Tennessee. (Previously submitted during the week ending March 

29, 2003)* 

Newspaper – 04/28/2003 

Fed Reg – 04/28/2003 

3A1 FCB Financial Services, Inc., Marion, Arkansas, to become a 

bank holding company by acquiring 100 percent of First 

Community Bank of Eastern Arkansas, Marion, Arkansas.* 

Newspaper – N/Avail 

Fed Reg – 05/07/2003 

CIC Notice by Tommy W. Ross, Milan, Tennessee, to increase 

control of Hometown Bancorp, Inc., Milan, Tennessee. 

Newspaper – N/Avail 

Fed Reg – 04/21/2003 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

Member Bank of Plato, Plato, Missouri, 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 b e obtained directly from the institution or Reserve Bank. 

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Type Application 

18c & Branch First State Bank Southwest, Pipestone, Minnesota, to purchase 

the assets and assume the liabilities of the Edgerton and Leota, 

Minnesota, offices of Bremer Bank, National Association, 

Marshall, Minnesota, and incident thereto establish a branch 

facility at 423 Main Street, Leota, Minnesota.* 

Branch Farmers State Bank, Victor, Montana, to establish a branch 

facility at 11000 Highway 93 South, Lolo Montana* 

Ending date of 

comment period 

Newspaper – 04/21/2003 

Newspaper – 04/04/2003 

*Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

CIC Change in control notice by the Robert E. Meyerson Revocable Fed Reg- 04/15/2003 

Trust and the Suzanne L. Meyerson Revocable Trust, to gain Newspaper- N/Avail 

control of Cattail Bancshares, Inc., Atwater, Minnesota, and 

thereby indirectly gain control of State Bank of Kimball, 

Kimball, Minnesota, and Atwater State Bank, Atwater, 

Minnesota. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

2855156 Community Bank Chaska, 12/23/2002 04/04/2003 S X 

Chaska, Minnesota 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch The Payne County Bank, Perkins, Oklahoma, to establish a Newspaper - 03/28/2003 

branch at 417 E. Highway 33, Perkins, Oklahoma. 

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

Ending date of 

Type Application comment period 

3(a)(1) Hume Bancshares Acquisition Corp., Saint 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. 

3(a)(3) Central Financial Corporation, Hutchinson, Kansas, to acquire 

up to 7.45 percent of the voting shares of The Royal Palm Bank 

of Florida, Naples, Florida. 

CIC Notice by M. Bria n Yarrington, Thermopolis, Wyoming to 

acquire control of State Holding Company, parent of First State 

Bank of Thermopolis, both in Thermopolis, Wyoming. 

Newspaper - 04/19/2003 

Fed Reg - 05/02/2003 

Newspaper - N/Avail 

Fed Reg - N/Avail 

Newspaper - N/Avail 

Fed Reg - 04/22/2003 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

The Community Reinvestm ent 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 consid ering 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 perf ormance under CRA: 

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

CIC Mr. Jerry L. Clark, De Leon, TX, only notificant, to acquire an 

interest in F & M Bancshares, Inc., De Leon, TX 

3(a)(1) Premier Bancshares, Inc., Dallas, TX, and Premier Delaware 

Bancshares, Inc., Dover, DE, and Synergy Financial Group, Inc., 

Waco, TX, to acquire Synergy Bank, SSB, Waco, TX* 

3(a)(1) Premier Delaware Bancshares, Inc., Dover, DE, and Synergy 

Financial Group, Inc., Waco, TX, to acquire Synergy Bank, 

SSB, Waco, TX* 

3(a)(1) Synergy Financial Group, Inc., Waco, TX, to acquire Synergy 

Bank, SSB, Waco, TX* 

3(a)(1) RAM Security Holdings, Ltd., Waco, TX, and RAM Security 

Holdings GP, Inc., Waco, TX, to acquire Security Bancshares, 

Inc., Waco, TX* 

3(a)(1) RAM Security Holdings GP, Inc., Waco, TX, as general partner, 

to acquire RAM Security Holdings, Ltd., Waco, TX, and 

Security Bancshares, Inc., Waco, TX* 

3(a)(3) Southwest Bancorporation of Texas, Inc., Houston, TX, to 

acquire Maxim Financial Holdings, Inc., Dickinson, TX, Maxim 

Financial Holdings of Delaware, Inc., Wilmington, DE, and 

Maxim Bank, Dickinson, TX* 

Fed Reg – 04/24/2003 

Newspaper – N/Avail 

Fed Reg – 05/01/2003 

Newspaper – 04/26/2003 

Fed Reg – 05/01/2003 

Newspaper – 04/26/2003 

Fed Reg – 05/01/2003 

Newspaper – 04/26/2003 

Fed Reg – 05/02/2003 

Newspaper – N/Avail 

Fed Reg – 05/02/2003 

Newspaper – N/Avail 

Fed Reg – 05/05/2003 

Newspaper – N/Avail 

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

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, April 5, 2003 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

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

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

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

Flagstaff, Arizona. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

231961 Bank of Santa Clara 

1955 El Camino Real 

Santa Clara, California 95050-4067 

(408) 987- 9403 

12/02/2002 03/31/2003 S X

749569 Golden Gate Bank 

344 Pine Street 

San Francisco, California 94104-3201 

(415) 421- 9000 

12/02/2002 03/31/2003 S X

480563 Union Safe Deposit Bank 

317 E. Main Street 

Stockton, California 95202-2902 

(209) 946- 5011 

12/02/2002 03/31/2003 S X

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

intended to replace formal notices required by statute or regulatio n; the Reserve Bank assumes no responsibility 

for errors or omissions. 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None