Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 37

Week Ending September 12, 1998

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions September 6, 1998 to September 12, 1998

Testimony And Statements

Social Security reform -- statement by Governor Gramlich before the Senate 

Committee on Finance, September 9, 1998.

- Published, September 9, 1998 

Bank Holding Companies

First National Bank Group, Inc., Edinburg, Texas -- to acquire shares of Nueces 

National Bank, Corpus Christi, Texas.

- Approved, September 8, 1998 

International Operations

National City Bank, Cleveland, Ohio -- to make an investment in National City 

Canada, Inc., Toronto, Canada.

- Approved, September 8, 1998 

Enforcement

Bank of America, N.T. & S.A., San Francisco, California -- final decision and order 

of prohibition against Elena Espiritu, former institution-affiliated party.

- Announced, September 8, 1998 

(AC) = Addition or Correction Board - Page 1 of 1
September 6, 1998 to September 12, 1998

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

International Fiance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Chase Manhattan Bank, New York, New York -- to establish a branch at The Great 

Atlantic & Pacific Tea Company, Inc., Route 22 and Route 311, Patterson, New 

York.

- Approved, September 7, 1998 

New York

Comerica Bank, Detroit, Michigan -- to establish branches at 106 Redfield Plaza, 

Marshall, Michigan, and 1603 Capital N.E., Battle Creek, Michigan.

- Approved, September 8, 1998 

Chicago

Farmers and Merchants Bank of Rockford, Spokane, Washington -- to establish a 

branch at 1604 W. Francis.

- Approved, September 8, 1998 

San Francisco

North County Bank, Escondido, California -- to establish a branch at Palomar 

Airport Road and Business Park Drive, Vista, California.

- Approved, September 8, 1998 

San Francisco

Old Kent Bank, Grand Rapids, Michigan -- to establish a branch at 127 S. Main 

Street, Elkhart, Indiana.

- Approved, September 10, 1998 

Chicago

Bank Holding Companies

Androscoggin Bancorp, MHC, Lewiston, Maine, and Androscoggin Bancorp, Inc. -- 

to acquire Financial Institution Service Corp.

- Approved, September 10, 1998 

Boston

(AC) = Addition or Correction Delegated - Page 1 of 5
H.2 Actions under delegated authority September 6, 1998 to September 12, 1998

Bank Holding Companies

Arvest Bank Group, Inc., Bentonville, Arkansas -- waiver of notification to acquire 

State Bank of Noel, Noel, Missouri.

- Granted, September 11, 1998 

St. Louis

BancorpSouth, Inc., Tupelo, Mississippi -- waiver of notification to acquire Alabama 

Bancorp, Inc., Birmingham, Alabama; Highland Bank; and First Community Bank of 

the South, Fort Deposit, Alabama.

- Granted, September 11, 1998 

St. Louis

First National Bancshares, Inc., Bradenton, Florida -- to acquire First National Bank 

of Manatee.

- Approved, September 11, 1998 

Atlanta

Firstrust Corporation, New Orleans, Louisiana -- to acquire through Automated 

Technology Machines, Inc., Metairie, Louisiana, Extra Value Network, Atlanta, 

Georgia, and engage in data processing activities.

- Approved, September 9, 1998 

Atlanta

Fishback Financial Corporation, Brookings, South Dakota -- to engage in servicing 

loans through Midwest Card Services, Inc.

- Approved, September 11, 1998 

Minneapolis

Holland Financial Corporation, Holland, Michigan -- to acquire The Bank of Holland.

- Approved, September 11, 1998 

Chicago

Norwest Corporation, Minneapolis, Minnesota -- to acquire First National Bank of 

Missouri City, Missouri City, Texas.

- Approved, September 10, 1998 

Secretary

(AC) = Addition or Correction Delegated - Page 2 of 5
H.2 Actions under delegated authority September 6, 1998 to September 12, 1998

Bank Holding Companies

Pac Rim Holding Corporation, Calabasas, California -- deregistration under 

Regulation U.

- Approved, September 10, 1998 

San Francisco

Premier Bancshares, Inc., Atlanta, Georgia -- to acquire Frederica Bank & Trust, St. 

Simons Island, Georgia.

- Approved, September 8, 1998 

Atlanta

State National Bancshares, Inc., Lubbock, Texas -- to acquire Continental National 

Bancshares, Inc., El Paso, Texas, and Continental National Bank.

- Approved, September 11, 1998 

Dallas

Union Bankshares, Inc., Union, West Virginia -- to acquire The Bank of Monroe.

- Approved, September 9, 1998 

Richmond

Bank Mergers

Bank of Monroe, Union, West Virginia -- to merge with Monroe Interim Bank.

- Approved, September 9, 1998 

Richmond

Banks, Nonmember, And Miscellaneous Institutions

Children's Discovery Centers of America, Inc., San Rafael, California -- 

deregistration under Regulation U.

- Approved, September 10, 1998 

San Francisco

Premiere Radio Networks, Sherman Oaks, California -- deregistration under 

Regulation U.

- Approved, September 10, 1998 

San Francisco

(AC) = Addition or Correction Delegated - Page 3 of 5
H.2 Actions under delegated authority September 6, 1998 to September 12, 1998

Capital Stock

Watford City Bancshares, Inc., Watford City, North Dakota -- redemption of shares.

- Approved, September 10, 1998 

Minneapolis

Change In Bank Control

Greater Community Bancorp, Totowa, New Jersey -- change in bank control.

- Permitted, September 11, 1998 

New York

Competitive Factors Reports

First Security Bank of Craig, Craig, Colorado -- report on competitive factors of the 

proposed merger with and into Imperial Bank, Inglewood, California.

- Submitted, September 8, 1998 

San Francisco

Founders Bank of Arizona, Scottsdale, Arizona -- report on competitive factors of 

the proposed acquisition of the assets and assumption of certain liabilities of The Sun 

City Bank, Sun City, Arizona.

- Submitted, September 8, 1998 

San Francisco

Georgia National Bank, Athens, Georgia -- report on competitive factors of the 

proposed merger with and into SouthTrust Bank N.A., Birmingham, Alabama.

- Submitted, September 11, 1998 

Secretary

Illinois One Bank, N.A., Shawneetown, Illinois -- report on competitive factors of 

the proposed merger with Downstate National Bank, Brookport, Illinois.

- Submitted, September 9, 1998 

St. Louis

National City Bank of Evansville, Evansville, Indiana -- report on competitive factors 

of the proposed merger with Lincolnland Bank, Dale, Indiana; Alliance Bank, 

Vincennes, Indiana; and Pike County Bank, Petersburg, Indiana.

- Submitted, September 9, 1998 

St. Louis

(AC) = Addition or Correction Delegated - Page 4 of 5
H.2 Actions under delegated authority September 6, 1998 to September 12, 1998

Competitive Factors Reports

Spring Hill State Bank, Spring Hill, Texas -- report on competitive factors of the 

proposed merger with Spring Hill Acquisition Corp., Longview, Texas.

- Submitted, September 8, 1998 

Dallas

United National Bank, Parkersburg, West Virginia -- report on competitive factors of 

the proposed merger with Fed One Bank, Wheeling, West Virginia.

- Submitted, September 10, 1998 

Richmond

Extensions Of Time

1855 Bancorp, New Bedford, Massachusetts -- extension to January 15, 1999, to 

acquire Sandwich Bancorp, Inc., Sandwich, Massachusetts.

- Granted, September 11, 1998 

Boston

A.N.B. Holding Company, LTD., Terrell, Texas -- extension to December 17, 1998, 

to acquire The ANB Corporation, The ANB Delaware Corporation, and The 

American National Bank of Texas.

- Granted, September 10, 1998 

Dallas

Membership

Golden Gate Bank, San Francisco, California -- to become a member of the Federal 

Reserve System.

- Approved, September 8, 1998 

San Francisco

(AC) = Addition or Correction Delegated - Page 5 of 5
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3)/3(a)(5) Peoples Heritage Financial Group, Inc., Portland, Maine –

application to acquire SIS Bancorp, Inc., Springfield,

Massachusetts*

Newspaper – 10/8/1998

Fed Reg – 10/9/1998

*Subject to CRA

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) State Street Corporation, Boston, Massachusetts – application to

acquire ADP Financial Information Services, Inc., Jersey City,

New Jersey and Wilco Internation Limited, an overseas affiliate of

ADP

Fed Reg – N/Avail

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Banco Popular de Puerto Rico, Hato Rey, Puerto Rico, to

establish a branch office at 159-17 Jamaica Avenue, Jamaica,

New York.*

10/05/1998

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

25 Chase Manhattan Bank, New York, new York, to make an

investment in Chase London Diversified Fund Ltd.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

4(c)(8) Received notice from Second Bancorp Incorporated, Warren, OH

on 09/09/1998 to acquire Trumbull Financial Corporation, and its

subsidiary, The Trumbull Savings and Loan Company, both of

Warren, OH.

*Fed Reg - 09/30/1998

3(a)(1) Received application from London Financial Corporation, London,

OH on 09/09/1998 to acquire The Citizens Loan & Savings

Company (tba The Citizens Bank of London upon its charter

conversion), London, OH.

*Newspaper - 10/03/1998

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) Travelers Rest Bancshares, Inc., Travelers Rest, South Carolina, to

become a bank holding company through the acquisition of 100%

of the voting shares of Bank of Travelers Rest, Travelers Rest,

South Carolina.*

Fed Reg – N/Avail

Newspaper – N/Avail

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

18836 The Capon Valley Bank

2 West Main Street

Wardensville, West Virginia 26851

6/29/1998 9/5/1998 O X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) Colonial Bank, Montgomery, Alabama, to merge with Texas

Bank & Trust, Dallas, Texas.

10/09/1998*

18(c) Capital City Bank, Tallahassee, Florida, to acquire certain assets

and assume certain liabilities of First Union National Bank, Charlotte,

North Carolina.

10/15/1998*

Branch SunTrust Bank, Orlando, Florida, to establish a branch located at

12101 Linebaugh Avenue, Tampa, Florida, to be known as the

Westchase Branch Office.

09/30/1998*

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

Type Application

Ending date of

comment period

3(a)(5) The Colonial BancGroup, Inc., Montgomery, Alabama, to merge

with TB&T, Inc., Dallas, Texas, and thereby directly acquire

Texas Bank & Trust, Dallas, Texas.

Fed Reg – 10/12/1998*

3(a)(5) Regions Financial Corporation, Birmingham, Alabama, to merge

with Meigs County Bancshares, Inc., Decatur, Tennessee, and

thereby acquire its subsidiary, Meigs County Bank, Decatur,

Tennessee.

N/Avail*

3(a)(5) Regions Financial Corporation, Birmingham, Alabama, to merge

with Saint James Bancorporation, Inc., Lutcher, Louisiana, and

thereby acquire its subsidiary, Saint James Bank and Trust

Company, Lutcher, Louisiana.

N/Avail*

3(a)(5) Regions Financial Corporation, Birmingham, Alabama, to merge

with Bullsboro Bancshares, Inc., Newnan, Georgia, and thereby

acquire its subsidiary, The Bank of Newnan, Newnan, Georgia.

N/Avail*

3(a)(5) Regions Financial Corporation, Birmingham, Alabama, to merge

with VB&T Bancshares Corp., Valdosta, Georgia, and its

subsidiary, Valdosta Bank and Trust, Valdosta, Georgia.

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

Type Application

Ending date of

comment period

3(a)(1) Oconee Financial Corporation, Watkinsville, Georgia, to

become a bank holding company by acquiring Oconee State

Bank, Watkinsville, Georgia.

Fed Reg – 10/12/1998*

3(a)(1) Robinson Bancshares, Inc., Lenox, Georgia, to become a bank

holding company by acquiring Bank of Lenox, Lenox, Georgia.

N/Avail*

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

COM Quantum Capital Corporation, Suwanee, Georgia, commitment

waiver request.

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Byron Center State Bank

Byron Center, Michigan

 6163 Lake Michigan Dr.

 Allendale, Michigan

Newspaper – 09/22/1998

Newspaper - Newspaper Comment Period Ending Date

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

Type Application

Ending date of

comment period

3(a)(3) Associated Banc-Corp.*

Green Bay, Wisconsin

 Associated Bank Illinois, National Association

 (in organization)

 Rockford, Illinois

Fed Reg – 09/08/1998

Newspaper – 09/07/1998

3(a)(3) High Point Financial Services, Inc.*

Forreston, Illinois

 Kent Bancshares, Inc.

 Kent, Illinois

 Kent Bank

 Kent, Illinois

Fed Reg – 10/05/1998

Newspaper – 09/28/1998

3(a)(1) Petefish, Skiles Bancshares, Inc.*

Virginia, Illinois

 Petefish, Skiles & Co.

 Virginia, Illinois

Fed Reg – 10/09/1998

Newspaper – N/Avail

3(a)(1) Century Bancshares, Inc.*

Schaller, Iowa

 State Bank of Schaller

 Schaller, Iowa

Fed Reg – 10/09/1998

Newspaper – 09/26/1998

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not Available (Not yet available; Not available at this time)
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3) *Notice by Area Bancshares Corporation, Owensboro,

Kentucky, to acquire Broadway Bank & Trust, Paducah,

Kentucky (in organization) (previously submitted during the

week ending September 5, 1998).

Newspaper – 9/24/1998

Fed Reg – 10/01/1998

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) & Branch Farmers State Bank of West Concord, West Concord,

Minnesota, for prior approval to acquire certain assets and

assume certain liabilities of the Dennison, Minnesota office of

Eagle Valley Bank, National Association, St. Croix Falls,

Wisconsin, and incident thereto establish a branch.*

N/Avail

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

CIC Robert C. Rice to acquire control of Citizens State Bank of

Arlington, Arlington, South Dakota.

10/02/1998

(Fed Reg)

CIC Herbert A. Lund Revocable Trust to acquire control of Lake

Bank Shares, Inc., Emmons (not Albert Lea), Minnesota.

09/28/1998

(Fed Reg)

3(a)(1) Lake Bank Shares, Inc. Employee Stock Ownership Plan, Albert

Lea, Minnesota, for prior approval to become a bank holding

company through the acquisition of 30.0% of the voting shares

of Lake Bank Shares, Inc., Emmons (not Albert Lea),

Minnesota.*

10/08/1998

(Fed Reg)

3(a)(1) Northern Star Financial, Inc., Mankato, Minnesota, for prior

approval to become a bank holding company through the

acquisition of 100% of the voting shares of Northern Star Bank,

Mankato, Minnesota, a de novo bank.*

10/12/1998

(Fed Reg)

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

4(c)(8) Morrill Bancshares, Inc., Sabetha, Kansas, for prior approval to

acquire directly and indirectly an additional 15.78 percent, for a

pro forma total of 44.67 percent, of the voting shares of FBC

Financial Corporation, Claremore, Oklahoma; and thereby

indirectly acquire 1st Bank Oklahoma, Claremore, Oklahoma, a

thrift depository institution.

Newspaper – 10/11/1998

Fed Reg – N/Avail

4(c)(8) Morrill & Janes Bancshares, Inc., Hiawatha, Kansas, for prior

approval to acquire an additional 5.26 percent, for a pro forma

total of 14.89 percent, of the voting shares of FBC Financial

Corporation, Claremore, Oklahoma; and thereby indirectly

acquire 1st Bank Oklahoma, Claremore, Oklahoma, a thrift

depository institution.

Newspaper – 10/11/1998

Fed Reg – N/Avail

4(c)(8) First Centralia Bancshares, Inc., Centralia, Kansas, for prior

approval to indirectly acquire an additional 5.26 percent, for a

pro forma total of 14.89 percent, of the voting shares of FBC

Financial Corporation, Claremore, Oklahoma; and thereby

indirectly acquire 1st Bank Oklahoma, Claremore, Oklahoma, a

thrift depository institution.

Newspaper – 10/11/1998

Fed Reg – N/Avail

4(c)(8) Davis BancCorporation, Inc., Davis, Oklahoma, for prior

approval to acquire an additional 5.26 percent, for a pro forma

total of 14.89 percent, of the voting shares of FBC Financial

Corporation, Claremore, Oklahoma; and thereby indirectly

acquire 1st Bank Oklahoma, Claremore, Oklahoma, a thrift

depository insitution.

Newspaper – 10/11/1998

Fed Reg – N/Avail
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

330659 Webb City Bank

100 N. Main Street

Webb City, Missouri 64870-1936

06/15/1998 09/08/1998 S X

14258 Jackson State Bank

112 N. Center

Jackson, Wyoming 83001

06/22/1998 09/09/1998 S X
Section VI – CRA examinations scheduled for Fourth Quarter of 1998

Institution Location

First Security Bank Fort Lupton, Colorado

Gunnison Bank and Trust Company Gunnison, Colorado

Heritage Bank Lafayette, Colorado

First United Bank of Parker Parker, Colorado

WestStar Bank Vail, Colorado

State Bank Burden, Kansas

State Bank Burrton, Kansas

First Community Bank Emporia, Kansas

Mercantile Bank Overland Park, Kansas

Farmers State Bank Mankato, Kansas

Community Bank and Trust Company Neosho, Kansas

Deuel County State Bank Chappell, Nebraska

Five Points Bank Grand Island, Nebraska

Citizens Bank of Tulsa Tulsa, Oklahoma

Frontier Bank of Laramie Cheyenne, Wyoming

The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar

quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need

to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other

circumstances.
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3) First Financial Bancshares, Inc., Abilene, TX,

to acquire Cleburne State Bank, Cleburne, TX*

Fed Reg – N/Avail

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

revised in May 1995.

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

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

facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

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, September 12, 1998

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(5) California Community Financial Institutions Fund Limited

Partnership, Belvedere Capital Partners, Inc., both of San

Francisco, California, and California Financial Bancorp,

Newport Beach, California, to acquire Downey Bancorp, and

thereby indirectly acquire Downey National Bank, both of

Downey, California. *

Newspaper N/Avail

Fed Reg 10/12/1998

3(a)(3) California Community Financial Institutions Fund Limited

Partnership, Belvedere Capital Partners, Inc., both of San

Francisco, California, and California Financial Bancorp,

Newport Beach, California, to acquire The Bank of Orange

County, Fountain Valley, California. *

Newspaper N/Avail

Fed Reg 10/12/1998

* Subject to the provisions of the Community Reinvestment Act

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not Available (Not yet available; Not available at this time)

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

Member East County Bank, N.A., Antioch, California, to become a

member of the Federal Reserve System.

Waiver Stockmans Financial Group, Elk Grove, California, requests a

waiver of any Bank Holding Company Act application

requirement in connection with its proposed acquisition of

Stockmans Bank, Elk Grove, California.

S/R Eldorado Bank, Tustin, California, to pay a $1 million dividend

to it’s parent, Commerce Security Bancorp, Inc., Laguna Hills,

California.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None