Board of Governors of the Federal Reserve System, Washington, DC 20551

Actions of the Board, Its Staff,

and the Federal Reserve Banks:

No. 11

Week Ending March 14, 1998

Federal Reserve Release

H.2

Applications and Reports Received
No. 11

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Regulatory relief -- statement by Governor Laurence H. Meyer on S.1405 before

the Senate Committee on Banking, Housing and Urban Affairs, March 10, 1998.

- Published, March 10, 1998 

TESTIMONY AND STATEMENTS

Dresdner Bank AG, Frankfurt, Germany -- to engage de novo through Oechsle

International Advisors, L.P., Boston, Massachusetts, and RCM Capital

Management, L.L.C., San Francisco, California, in acting as commodity pool

operators for private limited partnerships organized as commodity pools investing

in assets in which a bank holding company may invest.

- Permitted, March 11, 1998 

BANK HOLDING COMPANIES

FirstMerit Corporation, Akron, Ohio -- to merge with CoBancorp, Inc., Elyria; and

acquire PremierBank & Trust and Jefferson Savings Bank, West Jefferson, Ohio.

- Permitted, March 11, 1998 

North Fork Bancorporation, Melville, New York -- request for reconsideration of

the Board's approval of the application to acquire New York Bancorp, Douglaston;

and Home Federal Savings Bank, Ridgewood, New York.

- Denied, March 10, 1998 

Regions Financial Corporation, Birmingham, Alabama -- to merge with First State

Corporation, Albany, Georgia, and acquire First Bank & Trust Company, Albany,

Georgia, and First Bank & Trust Company, Cordele, Georgia.

- Approved, March 11, 1998 

Federal Open Market Committee -- transcripts of meetings of the FOMC held

during 1992 available to the public at Room MP-500, Federal Reserve Board,

Washington, D.C., 20551 (Telephone 202-452-3241).

- Announced, March 11, 1998 

REGULATIONS AND POLICIES

Regulations J and CC -- request for comment on an advance notice of proposed

rulemaking to reduce or eliminate legal disparities between the Federal Reserve

Banks and private sector banks in the presentment of checks (Docket R- 1009).

- Approved, March 9, 1998 

Trading and Capital-Markets Activities Manual -- revision.

- Published, March 9, 1998 
H.2

March 8, 1998 to March 14, 1998

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Page 2

Federal Reserve Bank of St. Louis -- appointment of William Poole as President,

effective March 23, 1998.

- Approved, March 12, 1998 

RESERVE BANK OPERATIONS

PanAmerican Bank, Miami, Florida -- cease and desist order against the bank.

- Announced, March 9, 1998 

ENFORCEMENT
H.2

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Additions/Corrections

Regulation B -- request for comment on an advance notice of a comprehensive

review of the regulation (Docket No. R-1008).

- Approved, March 4, 1998 

REGULATIONS AND POLICIES

Regulation B, Equal Credit Opportunity; Regulation M, Consumer Leasing;

Regulation Z, Truth in Lending; and Regulation DD, Truth in Savings -- request for

comment on a proposal to permit electronic delivery of required disclosures. 

- Approved, March 4, 1998 

Regulation C -- request for comment on an advance notice of a comprehensive

review of the regulation (Docket R-1001).

- Approved, February 27, 1998 

Regulation E -- request for comment on proposed rule to eliminate the extended

time periods for investigating claims involving point-of-sale debit card and

foreign-initiated transactions (Docket R-1007).

- Approved, March 4, 1998 

Regulation E -- interim rule that permits depository institutions to deliver

disclosures electronically under certain circumstances (Docket R-1002).

- Approved, March 4, 1998 
H.2

March 8, 1998 to March 14, 1998

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Abbreviations: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community

Affairs; FOMC - Federal Open Market Committee; RBOPS - Reserve Bank Operations and Payment

Systems; IF - International Finance; OSDM - Office of Staff Director for Management

Bank of McKenney, McKenney, Virginia -- to establish a branch at 6700 River Road,

Matoaca, Virginia.

- Approved, March 13, 1998 

BANK BRANCHES, DOMESTIC

Richmond

Centura Bank, Rocky Mount, North Carolina -- to establish a branch in the

Hannaford Brothers Store, 2830 East Franklin Boulevard, Gastonia, North Carolina.

- Approved, March 11, 1998 

Secretary

BCB Financial Services, Reading, PA -- to merge with Heritage Bancorp, Inc.,

Pottsville, Pennsylvania.

- Approved, March 9, 1998 

BANK HOLDING COMPANIES

Philadelphia

First Jermyn Corp., Jermyn, Pennsylvania -- to acquire Upper Valley Bancorp,

Olyphant, Pennsylvania.

- Approved, March 10, 1998 

Philadelphia

First Union Corporation, Charlotte, North Carolina -- to engage in investment

advisory activities through Mentor Investment Group, LLC, Richmond, Virginia

- Approved, March 13, 1998 

Richmond

Flag Financial Corporation, LaGrange, Georgia -- to acquire Middle Georgia

Bankshares, Inc., Unadilla, Georgia, and Citizens Bank, Vienna, Georgia.

- Approved, March 13, 1998 

Atlanta

Flag Financial Corporation, LaGrange, Georgia -- to retain control of First Federal

Savings Bank of LaGrange and continue to operate a savings association.
H.2

March 8, 1998 to March 14, 1998

Page 2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Flag Financial Corporation, LaGrange, Georgia -- to retain Piedmont Mortgage

Service, Inc., and continue to provide real estate and personal property appraisal

services and securities brokerage services.

- Approved, March 13, 1998 

Flag Financial Corporation, LaGrange, Georgia -- to acquire an ownership interest in

Pro Image, Macon, Georgia, and engage in data processing and check imaging

activities.

- Approved, March 13, 1998 

J,J&B Capital, L.P., Los Angeles, California, and Busby Holding, Inc. -- to acquire

shares of Founders National Bank of Los Angeles.

- Approved, March 12, 1998 

San Francisco

James River Bankshares, Inc., Suffolk, Virginia -- to acquire First Colonial Bank,

Hopewell, Virginia.

- Approved, March 10, 1998 

Richmond

N.A. Corporation, Roseville, Minnesota -- to acquire North American Banking

Company.

- Returned, March 11, 1998 

Minneapolis

National City Bancshares, Inc., Evansville, Indiana -- to acquire Illinois One Bancorp,

Inc., Shawneetown, Illinois, and Illinois One Bank, National Association.

- Approved, March 12, 1998 

St. Louis

Pacific Bank, N.A., San Francisco, California -- request for waiver of application in

connection with the proposed acquisition of Sterling West Bancorp, Los Angeles,

California, and merger with Sterling Bank.

- Granted, March 13, 1998 

San Francisco
H.2

March 8, 1998 to March 14, 1998

Page 3

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Premier Bancshares, Inc., Atlanta, Georgia -- request for waiver of application in

connection with the proposed acquisition of Lanier Bank & Trust Company,

Cumming, Georgia.

- Granted, March 9, 1998 

Atlanta

Republic Bancshares, Inc., St. Petersburg, Florida -- application to acquire Republic

Bank, F.S.B. (in organization), and engage in operating a savings association.

- Withdrawn, March 12, 1998 

Atlanta

Shamrock Bancshares, Inc., Shamrock, Texas -- to acquire Shamrock Delaware

Financial, Inc., Dover, Delaware, and First National Bank of Shamrock, Shamrock,

Texas.

- Approved, March 11, 1998 

Dallas

Shamrock Delaware Financial, Inc., Dover, Delaware -- to acquire First National

Bank of Shamrock, Shamrock, Texas.

- Approved, March 11, 1998 

Dallas

Union Planters Corporation, Memphis, Tennessee -- to acquire First National

Bancshares of Wetumpka, Inc., Wetumpka, Alabama, and First National Bank of

Wetumpka.

- Approved, March 11, 1998 

St. Louis

F&M Bank-Richmond, Richmond, Virginia -- to merge with Peoples Bank of

Virginia, Chesterfield, Virginia.

- Approved, March 11, 1998 

BANK MERGERS

Richmond
H.2

March 8, 1998 to March 14, 1998

Page 4

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Valley Independent Bank, El Centro, California -- to acquire the Palm Springs,

California, branch of Palm Desert National Bank, Palm Desert, California.

- Approved, March 12, 1998 

San Francisco

Fleet Bank of New York, Albany, New York -- registration as transfer agent.

- Withdrawn., March 10, 1998 

BANKS, STATE MEMBER

Director, BS&R

U.S. Bank of Utah, Salt Lake City, Utah -- registration as transfer agent.

- Withdrawn, March 10, 1998 

Director, BS&R

Brinkley Bancshares, Inc., Brinkley, Arkansas -- change in bank control.

- Permitted, March 13, 1998 

CHANGE IN BANK CONTROL

St. Louis

First National Bancshares of Nelsonville, Inc., Nelsonville, Ohio -- change in bank

control.

- Permitted, March 13, 1998 

Cleveland

Hoffman Bancshares, Inc., Hoffman, Minnesota -- change in bank control.

- Permitted, March 13, 1998 

Minneapolis

AF Bank, West Jefferson, North Carolina -- report on competitive factors of the

proposed merger with Ashe Interim Savings Bank.

- Submitted, March 9, 1998 

COMPETITIVE FACTORS REPORTS

Richmond
H.2

March 8, 1998 to March 14, 1998

Page 5

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

BankBoston, NA, Boston, Massachusetts -- report on competitive factors of the

proposed merger with Rhode Island Hospital Trust, NB, Providence, Rhode Island.

- Submitted, March 12, 1998 

Boston

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

merger with Southern Interim, Inc.

- Submitted, March 11, 1998 

Atlanta

County Savings Bank, Newark, Ohio, and Bellbrook Community Bank, Bellbrook,

Ohio -- report on competitive factors of the proposed merger with First National

Bank of Zanesville, Zanesville, Ohio. 

- Submitted, March 9, 1998 

Cleveland

First National Bank of Strasburg, Strasburg, Colorado -- report on competitive

factors of the proposed merger with First National Strasburg Interim Bank, N.A.

- Submitted, March 11, 1998 

Kansas City

Mafco Holdings, Inc., New York, New York -- report on competitive factors of the

proposed acquisition of Golden State Bancorp, Inc., Glendale, California.

- Submitted, March 9, 1998 

San Francisco

Malta National Bank, Malta, Ohio -- report on competitive factors in connection with

change in bank control.

- Submitted, March 9, 1998 

Cleveland

Milton Banking Company, Wellston, Ohio -- report on competitive factors of the

proposed merger with The M Interim Bank, Wellston, Ohio.

- Submitted, March 9, 1998 

Cleveland
H.2

March 8, 1998 to March 14, 1998

Page 6

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

NationsBank, National Association, Nashville, Tennessee -- report on competitive

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

of NationsBank of Kentucky, National Association, Hopkinsville, Kentucky.

- Submitted, March 9, 1998 

Richmond

Regions Bank, Birmingham, Alabama -- report on competitive factors of the

proposed merger with First State Bank & Trust Company, Albany, Georgia, and

establishment of twelve branches.

- Submitted, March 11, 1998 

Atlanta

Regions Bank, Birmingham, Alabama -- report on competitive factors of the

proposed merger with First State Bank & Trust Company in Cordele, Cordele,

Georgia, and establishment of two branches.

- Submitted, March 11, 1998 

San Angelo National Bank, San Angelo, Texas -- report on competitive factors of the

proposed merger with San Angelo Trust Company.

- Submitted, March 13, 1998 

Dallas

Southeastern Bank, Darien, Georgia -- report on competitive factors of the proposed

merger with Southeastern Bank of Florida, Yulee, Florida.

- Submitted, March 11, 1998 

Atlanta

Union State Bank, Payne, Ohio -- report on competitive factors of the proposed

merger with USB Interim Bank.

- Submitted, March 9, 1998 

Cleveland

Western Union Interim Corp., Englewood, Colorado -- report on competitive factors

of the proposed merger with Basin Industrial Bank, Cortez, Colorado.

- Submitted, March 10, 1998 

Kansas City
H.2

March 8, 1998 to March 14, 1998

Page 7

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

A.N.B. Holding Company, LTD., Terrell, Texas -- extension to June 20, 1998, to

acquire ANB Corporation, ANB Delaware Corporation, and American National

Bank of Texas.

- Granted, March 12, 1998 

EXTENSIONS OF TIME

Dallas

Central Virginia Bank, Powhatan, Virginia -- extension to June 19, 1998, to establish

a branch at 1368 Anderson Highway, Cumberland County, Virginia.

- Granted, March 13, 1998 

Richmond

Summit Bank, Hackensack, New Jersey -- extension to March 28, 1999, to establish

a branch at Edward's Supermarket, 1556 North Olden Avenue, Trenton, New Jersey,

and Pathmark Supermarket, Route 1 and Emmons Drive, West Windsor, New Jersey.

- Granted, March 12, 1998 

New York

Woodforest Bancshares, Inc., Houston, Texas, and Sun Belt Bancshares

Corporation, Wilmington, Delaware -- extension to June 4, 1998, to acquire Main

Street National Bank, Cleveland, Texas.

- Granted, March 11, 1998 

Dallas

First Colonial Bank, Hopewell, Virginia -- to become a member of the Federal

Reserve System.

- Approved, March 10, 1998 

MEMBERSHIP

Richmond

Federal Reserve Bank of Atlanta -- to purchase computer equipment.

- Approved, March 10, 1998 

RESERVE BANK OPERATIONS

Director RBOPS
H.2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Additions/Corrections

Berks CountyBank, Reading, Pennsylvania -- to establish a branch at 601 Penn

Street.

- Approved, March 6, 1998 

BANK BRANCHES, DOMESTIC

Philadelphia

BancFirst, Oklahoma City, Oklahoma -- extension to purchase the assets and assume

the liabilities of eleven branches and two detached facilities in Oklahoma from

NationsBank, N.A., Charlotte, North Carolina.

- Granted, February 23, 1998 

EXTENSIONS OF TIME

Kansas City
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week of March 14, 1998 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Notice by Societe Generale, Paris, France, to acquire certain assets N/Avail

and assume substantially all of the liabilities of Cowen & Co., and

Cowen Incorporated, both of New York, New York, and thereby

engage in the following nonbanking activities: (i) underwriting and

dealing in governent obligations and money market instruments; (ii)

investing and trading activities; (iii) agency transactional services; (iv)

financial and investment advisory activities;

(v) extending credit; (vi) activities related to extending credit; (vii)

providing fiduciary services; and (viii) providing cash management

services.

4(c)(8) Notice by Deutsche Bank AG, Frankfurt am Main, Federal Republic 03/26/98

of Germany, to engage de novo through a to-be-established U.S.

subsidiary of its indirect subsidiary, Roland Berger & Partner Holding

GmbH, Munich, Federal Republic of Germany, in management

consulting.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

3506 Interchange State Bank 07/07/97 03/12/98 Satisfactory Small Bank

Park 80 West/Plaza Two 

Saddle Brook, NJ 07663

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c)/Branch Received application from The Fifth Third Bank of Kentucky, N/Avail

Inc., Louisville, KY on March 4, 1998, to merge with Fifth Third

Bank of Central Kentucky, Inc., Paris, KY and Fountain Square

Bank of Southern Indiana, Inc., Sellersburg, IN and to establish

branches.

18(c)/Branch Received application from Fifth Third Bank of Central Kentucky, N/Avail

Inc., Paris, KY on March 4, 1998, to merge with The Fifth Third

Bank of Kentucky, Inc., Louisville, KY and to establish branches.

18(c)/Branch Received application from Fountain Square Bank of Southern N/Avail

Indiana, Inc., Sellersburg, IN on March 4, 1998, to merge with

Fifth Third Bank of Central Kentucky, Inc., Paris, KY and

establish branches.

Member Received application from Fifth Third Bank of Central Kentucky, N/Avail

Inc., Paris, KY on March 4, 1998, to become a member of the

Federal Reserve System.

Member Received application from Fountain Square Bank of Southern N/Avail

Indiana, Inc., Clarksville, IN on March 4, 1998, to become a

member of the Federal Reserve System.

Member Received application from Portage Community Bank, Ravenna, N/Avail

OH on March 10, 1998, to become a member of the Federal

Reserve System.

18(c)/5D3/Branch Received application from The Fifth Third Bank of Western N/Avail

Ohio, Dayton, OH on March 11, 1998, to merge with Citizens

Federal Bank, FSB, Dayton, OH and to establish branches.

18(c)/Branch Received application from The Fifth Third Bank of Southern N/Avail

Ohio, Hillsboro, OH on March 11, 1998, to acquire a branch

office of Fifth Third Bank of Western Ohio, Dayton, OH located

at 140 West Main Street and to establish a branch.

18(c)/Branch Received application from The Fifth Third Bank, Cincinnati, OH N/Avail

on March 11, 1998, to acquire seven branch offices currently

owned by Fifth Third Bank of Western Ohio, Dayton, OH and to

establish branches.
Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

CIC Received notice from Cincinnati Financial Corporation, Fed Reg - 4/13/98

Cincinnati, OH on March 10, 1998, of its intent to acquire up to

10.01% of the outstanding voting shares of FirstMerit

Corporation, Akron, OH.

3(a)(3) Received application from Community Trust Bancorp, Inc., N/Avail

Pikeville, KY on March 13, 1998, of its intent to acquire

Community Trust Bank of West Virginia, N.A., Williamson, WV.

3(a)(1) Received application from Heritage Capital Corporation, Ashland, N/Avail

KY on March 12, 1998, of its intent to acquire Heritage Bank of

Ashland, Inc., Ashland, KY.

3(a)(1) Received application from Portage Banc Shares, Inc., Ravenna, Fed Reg - 4/10/98

OH on March 10, 1998, to acquire Portage Community Bank,

Ravenna, OH.

4(c)(8)/5D3 Received notice from Fifth Third Bancorp, Cincinnati, OH on N/Avail

March 11, 1998, to acquire CitFed Bancorp, Inc., Dayton, OH.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

4(c)(8) Received notice from Oak Hill Financial, Inc., Jackson, OH on March None

13, 1998, of its intent to engage de novo in permissible lending and

loan servicing activities through a wholly-owned subsidiary, Action

Finance Company, Jackson, OH.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

Citizens Deposit Bank & Trust P.O. Box 9, 400 Second Street, Vanceburg, KY 41179-0009

Enterprise Bank 6150 Enterprise Parkway, Solon, OH 44139

Farmers Bank & Savings Company P.O. Box 626, 211 W. 2nd Street, Pomeroy, OH 45769-1037

Heartland Bank P.O. Box 7, 12 N. Main Street, Croton, OH 43013-0007

The Citizens Banking Company P.O. Box 247, 10 E. Main Street, Salineville, OH 43945-0247

The St. Henry Bank P.O. Box 330, 231 E. Main Street, Henry, OH 45883

Towne Bank 610 East South Boundary, Perrysburg, OH 43551
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(3) First Mariner Bancorp, Baltimore, Maryland, to acquire Glen Newspaper - 3/30/98

Burnie Bancorp, Glen Burnie, Maryland.* Fed Reg - 4/2/98

3(a)(1) America’s First Bancorp, Inc., Washington, D. C., to become Newspaper - 4/3/98

a bank holding company through the acquisition of 100% of Fed Reg - 4/3/98

the voting shares of America’s First Bank, National Association,

Washington, D. C., an organizing bank.*

3(a)(1) BOC Financial Corp., Landis, North Carolina, to become a Newspaper - 4/6/98

bank holding company through the acquisition of 100% of the Fed Reg - 4/6/98

voting shares of Bank of the Carolinas, Landis, North Carolina 

(the proposed successor by charter conversion to Landis Savings

Bank, SSB, Landis, North Carolina).*

3(a)(1) Anson Bancorp, Inc., Wadesboro, North Carolina, to become a Newspaper - 4/10/98

bank holding company through the acquisition of 100% of the Fed Reg - N/Avail

voting shares of Anson Savings Bank, SSB, Wadesboro, North

Carolina.*

3(a)(3) BB&T Corporation, Winston-Salem, North Carolina, and BB&T Newspaper 4/12/98

Financial Corporation of Virginia, Virginia Beach, Virginia, to Fed Reg - N/Avail

acquire Franklin Bancorporation, Inc., Washington, D. C.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

4(c)(8) Mid-Atlantic Community BankGroup, Inc., Gloucester,

Virginia, to acquire a 50% interest in Johnson Mortgage

Company, L.L.C., Newport News, Virginia.

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

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

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

832920 First Virginia Bank of Tidewater 10/6/97 3/8/98 Satisfactory Large Bank

555 Main Street

Norfolk, Virginia 23510-2713

1400540 Peninsula Trust Bank, Incorporated 12/15/97 3/12/98 Satisfactory Small Bank

7171 George Washington Memorial

 Highway

Gloucester, Virginia 23061-9712
Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None

 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch SunTrust Bank, Atlanta, Atlanta, Georgia, to establish a branch 3/22/98

located at 11800 Haynes Bridge Road #100, Alpharetta, Georgia, to

be known as the Alpharetta/Haynes Branch.*

Branch SunTrust Bank, Atlanta, Atlanta, Georgia, to establish a branch 3/22/98

located at 2774 North Cobb Parkway, Kennesaw, Georgia, to be

known as the North Cobb Parkway Branch..*

Branch SunTrust Bank, Atlanta, Atlanta, Georgia, to establish a branch 3/22/98

located at 1100 Hammond Drive, Building 300, Atlanta, Georgia, to

be known as the Hammond/Perimeter Branch.*

Branch SunTrust Bank, Atlanta, Atlanta, Georgia, to establish a branch 3/22/98

located at 3200 Holcomb Bridge Road, Norcross, Georgia, to be

known as the Peachtree Square Branch.*

Branch SunTrust Bank, Atlanta, Atlanta, Georgia, to establish a branch 3/22/98

located at 11155 Tara Boulevard, Hampton, Georgia, to be known as

the Lovejoy Station Branch.* 

Branch SunTrust Bank, Atlanta, Atlanta, Georgia, to establish a branch 3/22/98

located at 3435 Ashford-Dunwoody Road, Atlanta, Georgia, to be

known as the Oglethorpe Crossing Branch.*

Branch SunTrust Bank, Atlanta, Atlanta, Georgia, to establish a branch 3/22/98

located at 3550 Centerville Highway, Lithonia, Georgia, to be known

as the Centerville Branch.*

FBSEA Banco de Bogota, S.A., Santafe de Bogota, DC, Colombia, to N/Avail

establish an international bank agency located at 800 Brickell

Avenue, 1st Floor, Miami, Florida.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

3(a)(1) State of Franklin Bancshares, Inc., Johnson City, Tennessee, to Newspaper - 4/08/98

become a bank holding company by acquiring State of Franklin

Savings Bank, Johnson City, Tennessee.*

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

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

S/R First Cherokee Bancshares, Inc., Woodstock, Georgia, to redeem bank

holding company stock.

WAIVR First Liberty Financial Corp., Atlanta, Georgia, request for waiver of

the application requirement of Section 3(a)(1) of the Bank Holding

Company Act for the proposal to become a bank holding company by

acquiring Southland Bank Corporation of Georgian, and thereby

directly acquiring Southland Bank, both of Butler, Georgia.

3(a)(1) GB&T Bancshares, Inc., Gainesville, Georgia, notice for 1-BHC

formation, Gainesville Bank & Trust, Gainesville, Georgia.

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Merger & First Banking Center-Burlington Newspaper - 3/16/98

 Branches Burlington, Wisconsin

 First Banking Center-Albany

 Albany, Wisconsin

 102 West Main Street

 Albany, Wisconsin

 101 7 1⁄2 Street

 Monroe, Wisconsin 

Branch Paramount Bank Newspaper - 4/6/98

Bingham Farms, Michigan

 1732 West Maple Road

 Birmingham, Michigan

Branches Northern Trust Company Newspaper - 4/3/98

Chicago, Illinois

 4 North Washington Street

 Hinsdale, Illinois

 2550 Waukegan Road

 Glenview, Illinois

Branch Old Kent Bank Newspaper - 3/2/98

Grand Rapids, Michigan

 54870 Mound Road

 Shelby Township, Michigan

Newspaper - Newspaper Comment Period Ending Date

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

Type Application comment period

Ending date of 

3(a)(1) Founders Financial Corporation* Fed Reg - 3/30/98

Grand Rapids, Michigan Newspaper - 3/22/98

 Founders Trust Personal Bank

 Grand Rapids, Michigan
Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

3(a)(3) The Baraboo Bancorporation, Inc.* Fed Reg - 4/6/98

Baraboo, Wisconsin Newspaper - 3/25/98

 State Bank of Wonewoc

 Wonewoc, Wisconsin

3(a)(1) First Neighborhood Bancshares, Inc. Fed Reg - 4/6/98

 Employee Stock Ownership Plan* Newspaper - N/Avail

Toledo, Illinois

 First Neighborhood Bancshares, Inc.

 Toledo, Illinois

 First State Bank of Newman

 Newman, Illinois

 First National Bank of Toledo

 Toledo, Illinois

 Greenup National Corporation

 Greenup, Illinois

 Greenup National Bank

 Greenup, Illinois

3(a)(3) Tri-County Financial Group, Inc.* Fed Reg - 4/9/98

Mendota, Illinois Newspaper - 4/5/98

 Farmers State Bank of McNabb

 McNabb, Illinois

3(a)(3) Halbur Bancshares, Inc.* Fed Reg - 4/13/98

Halbur, Iowa Newspaper - N/Avail

 Westside Banco, Inc.

 Westside, Iowa

 Westside State Savings Bank

 Westside, Iowa

3(a)(3) Northern Trust Corporation* Fed Reg - N/Avail

Chicago, Illinois Newspaper - 4/8/98

 Trustbank Financial Corporation

 Denver, Colorado

 Trust Bank of Colorado

 Denver, Colorado

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not Available at this time

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

Type Application comment period

Ending date of 

4(c)(8) ABN AMRO Bank N.V. Fed Reg - 3/30/98

Amsterdam, The Netherlands

 Sage Clearing Limited Partnership

 San Francisco, California

 Sage Clearing Corporation

 San Francisco, California

4(c)(8) ABN AMRO Holdings N.V. Fed Reg - 3/30/98

Amsterdam, The Netherlands

 Sage Clearing Limited Partnership

 San Francisco, California

 Sage Clearing Corporation

 San Francisco, California

4(c)(8) Stichting Administratiekantoor ABN AMRO Holding Fed Reg - 3/30/98

Amsterdam, The Netherlands

 Sage Clearing Limited Partnership

 San Francisco, California

 Sage Clearing Corporation

 San Francisco, California

4(c)(8) Stichting Prioriteit ABN AMRO Holding Fed Reg - 3/30/98

Amsterdam, The Netherlands

 Sage Clearing Limited Partnership

 San Francisco, California

 Sage Clearing Corporation

 San Francisco, California

Fed Reg - Federal Register Comment Period Ending Date

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

977942 Hedrick Savings Bank 11/20/97 3/9/98 Satisfactory Small bank

2457 North Court

Ottumwa, Iowa 52501

593847 First American Bank 10/6/97 3/9/98 Satisfactory Small bank

520 Grand

Ames, Iowa 50010

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(3) Notice by Mercantile Bancorporation Inc., St. Louis, Missouri, to N/Avail

indirectly acquire CBT Corporation, Paducah, Kentucky.*

3(a)(5) Notice by Ameribanc, Inc., St. Louis, Missouri, a wholly owned N/Avail

subsidiary of Mercantile Bancorporation Inc., St. Louis, Missouri,

to merge with CBT Corporation, Paducah, Kentucky.*

4(c)(8) Notice by Mercantile Bancorporation Inc., St. Louis, Missouri, to N/Avail

indirectly acquire CBT Corporation, Paducah, Kentucky, and

thereby indirectly acquire United Commonwealth Bank, FSB,

Murray, Kentucky, and engage in the operation of a thrift,

pursuant to Section 225.28(b)(4)(ii) of Regulation Y.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

731443 Farmers & Merchants Bank 11/17/97 3/13/98 Satisfactory Large Bank

Prairie Grove, AR

192147 Citizens Bank & Trust Co 12/01/97 3/13/98 Satisfactory Small Bank

Van Buren, AR

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and Notifications Filed During the Week of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c)/ Branch American Bank of Montana, Bozeman, Montana, for prior 4/7/98

approval to merge with American Bank (Whitefish), Whitefish,

Montana, and incident thereto establish a branch.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application period

Ending date of comment

3(a)(1) NATCOM Bancshares, Inc., Superior, Wisconsin, for prior Fed Reg - 4/10/98

approval to become a bank holding company through the

acquisition of 100% of the voting shares of National Bank of

Commerce in Superior, Superior, Wisconsin.*

CIC Lee R. Anderson, Jr. Trust and Lee R. Anderson, Jr. Revocable Fed Reg - 4/2/98

Trust to acquire control of 30.0% of the voting shares of

Anderson Financial Group, Inc., Golden Valley, Minnesota.

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of

None

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Canadian State Bank, Yukon, Oklahoma, for prior approval to Newspaper - 04/05/98

establish a branch at 3 South Flint Street, Yukon, Oklahoma.

18(c)/Branch Mercantile Bank, Overland Park, Kansas, for prior approval to Newspaper - N/Avail

purchase the assets and assume the liabilities of the Maryville,

Missouri, and St. Joseph, Missouri, branches of Mercantile Bank

of Northern Missouri, Macon, Missouri

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

Type Application comment period

Ending date of 

3(a)(1) South Tulsa Financial Corporation, Tulsa, Oklahoma, for prior Newspaper - 04/10/98

approval to become a bank holding company through the Fed Reg - N/Avail

acquisition of 100 percent of the voting shares of Bank South,

N.A., Tulsa, Oklahoma, a de novo bank in organization.

3(a)(3) CountryBanc Holding Company, Edmond, Oklahoma, for prior Newspaper - 04/12/98

approval to acquire 99.4 percent of the voting shares of Home Fed Reg - N/Avail

State Bank, Hobart, Oklahoma.

3(a)(3) First York Ban Corp., York, Nebraska, for prior approval to Newspaper - 04/14/98

acquire 60 percent of the voting shares of NebraskaLand National Fed Reg - 04/13/98

Bank, North Platte, Nebraska.

CIC Drue A. Washburn, Alva, Oklahoma, for prior approval to acquire Newspaper - 03/30/98

voting shares of Community Bancshares of Alva, Inc., Alva, Fed Reg - 04/02/98

Oklahoma; and thereby indirectly acquire Community National

Bank, Alva, Oklahoma.
Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Bancshares of Missouri, Inc., Kearney, Missouri, to engage through Fed Reg - 03/30/98

Jesse James Festival Grounds, LLC, Kearney, Missouri, in lending

activities, pursuant to 225.28(b)(1) of the Board’s Regulation Y.

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

Description of the CRA Goal against which institutions are evaluated, the four performance levels, and the

institutions for which an evaluation is publicly available.

The CRA requires a periodic evaluation of each covered institution regarding the extent to which it has ascertained,

and helped meet, the credit needs of its entire delineated community, including low- and moderate-income

neighborhoods, in a manner consistent with its resources and capabilities.

The federal bank regulators use the following four performance levels to rate an institution’s performance under

CRA.:

Outstanding

Satisfactory

Needs to Improve

Substantial noncompliance

RSSD Examination CRA CRA

number Institution/ Location date public date rating

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 of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(1)/3(a)(5) Texas United Bancshares, Inc., La Grange, TX, to acquire Premier Newspaper - 4/6/98

Bancshares, Inc., La Grange, TX, and State Bank, La Grange, TX,

and simultaneously acquire South Central Texas Bancshares, Inc.,

Flatonia, TX, Flatonia State Bank, Flatonia, TX, and Central

Texas Bank, La Grange, TX*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

244055 Bank of Van Zandt 12/1/97 3/16/98 Outstanding Small bank

401 East Highway 243

Canton, TX 75103

Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and Notifications Filed During the Week of March 14, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application period

Ending date of comment

3(a)(3) Security Bank Holding Company, Coos Bay, Oregon, to acquire Newspaper - 4/19/98

Family Security Bank (In Organization), Brookings, Oregon.* Fed Reg - 3/28/98

*Subject to the provisions of the Community Reinvestment Act 

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Neighborhood Bancorp, San Diego, California, to engage in Fed Reg - 4/02/98

community development activities through Neighborhood Housing

Development Corporation, San Diego, California.

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

Type Application comment period

Ending date of

Foregin Branch Bank of America NT&SA, San Francisco, California, to establish a None

branch office in Caracas, Venezuela.

COM Commerce Security Bancorp, Inc., Huntington Beach, California, None

requests a waiver of any Bank Holding Company Act application

requirement in connection with its acquisition of Eldorado Bancorp,

not to incur debt without prior Federal Reserve approval.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of

S/R Eldorado Bank, Tustin, California, to pay a dividend of $900,000, None

to Commerce Security Bancorp, Inc., Huntington Beach, California.

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

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.

The federal bank regulators use the following four performance levels to rate an institution's performance under

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

876465 Spectrum Bank 11/10/97 3/11/98 Satisfactory X

2417 W. Whittier Boulevard

Montebello, CA 90640-3040

(213) 726-1411

Footnotes: The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is

not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility

for errors or omissions.
Section VI - CRA examinations scheduled 2nd Quarter of 1998

Institution Location

None