Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 14 

Week Ending April 6, 2002 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions March 31, 2002 to April 6, 2002 

Forms 

Real Estate -- initial review of proposal to extend without revision the Recordkeeping 

Requirements Associated with the Real Estate Lending Standards Regulation for State 

Member Banks (Reg H-5). 

- Proposed, April 1, 2002 

Regulations And Policies 

Regulation P -- publication of a draft compliance guide for small entities subject to 

Regulation P (Privacy of Consumer Financial Information). 

- Approved, April 1, 2002 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority March 31, 2002 to April 6, 2002 

BS&R Banking Supervision and Regulation RBOPS Reserve Bank Operations and Payment Systems 

IF International Finance 

OSDM Office of Staff Director for Management 

C&CA Consumer and Community Affairs 

FOMC Federal Open Market Committee 

Bank Branches, Domestic 

Richmond 

Allfirst Bank, Baltimore, Maryland -- to establish a branch at 1416 North Point Village 

Center, Reston, Virginia. 

- Approved, April 4, 2002 

New York 

Atlanta 

Atlanta 

The Bank of New York, New York, New York -- to establish a branch at 1109 Mt. 

Kemble Avenue, Harding Township, New Jersey. 

- Approved, April 5, 2002 

Coconut Grove Bank, Miami, Florida -- to establish a branch at 14695 South Dixie 

Highway. 

- Approved, April 1, 2002 

Compass Bank, Birmingham, Alabama -- to establish branches at the intersections of 

Castle Pines Parkway and Interstate 25, Denver, Colorado, and U.S. Highway 17 and 

County Highway 220, Jacksonville, Florida. 

- Approved, April 5, 2002 

St. Louis 

Leitchfield Deposit Bank & Trust Company, Leitchfield, Kentucky -- to establish a 

branch at 1687 Elizabethtown Road. 

- Approved, April 4, 2002 

Richmond 

New Peoples Bank, Inc., Honaker, Virginia -- to establish a branch in the Colley 

Shopping Center, Highway 83, Clintwood. 

- Approved, April 4, 2002 

(AC) = Addition or Correction Delegated - Page 1 of 7 
H.2 Actions under delegated authority March 31, 2002 to April 6, 2002 

Bank Branches, Domestic 

San Francisco 

Pacific Mercantile Bank, Costa Mesa, California -- to establish a branch at 4225 

Executive Square, Suite 150, La Jolla. 

- Approved, April 3, 2002 

Dallas 

PNB Financial Bank, Lubbock, Texas -- to establish a branch at 5821 82nd Street. 

- Approved, April 3, 2002 

Cleveland 

Provident Bank, Cincinnati, Ohio -- to establish a branch at 1788 Tamiami Trail South, 

Venice, Florida. 

- Approved, April 2, 2002 

Secretary 

RBC Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 1868 India 

Hook Road, Rock Hill, South Carolina. 

- Approved, April 3, 2002 

Secretary 

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 6335 Mechanicsville 

Turnpike, Mechanicsville, Virginia. 

- Approved, April 5, 2002 

Atlanta 

United Bank and Trust Company, St. Petersburg, Florida -- to establish a branch at the 

intersection of Northeast Coachman and Belcher Roads, Clearwater. 

- Approved, April 3, 2002 

San Francisco 

The Vintage Bank, Napa, California -- to establish a branch at the intersection of Devlin 

Road and Gateway Road East in the Napa Valley Gateway Business Park. 

- Approved, April 4, 2002 

(AC) = Addition or Correction Delegated - Page 2 of 7 
H.2 Actions under delegated authority March 31, 2002 to April 6, 2002 

Bank Holding Companies 

Chicago 

The Baraboo Bancorporation, Inc., Baraboo, Wisconsin -- to acquire The Bancorp, Inc., 

Cedarburg, and thereby indirectly acquire Northwoods State Bank, Elcho. 

- Approved, April 5, 2002 

St. Louis 

Commercial Bancshares, Inc., Maryland Heights, Missouri -- to become a bank holding 

company through the acquisition of Commercial Bank. 

- Approved, April 5, 2002 

Atlanta 

Compass Bancshares, Inc., Birmingham, Alabama -- waiver of a commitment. 

- Granted, April 3, 2002 

Minneapolis 

CRSB Bancorp, Inc., Delano, Minnesota -- to become a bank holding company through 

the acquisition of shares of Crow River State Bank. 

- Approved, April 3, 2002 

Kansas City 

Docking Bancshares, Inc., Arkansas City, Kansas -- to become a bank holding company 

through the acquisition of Union State Bank. 

- Approved, April 5, 2002 

New York 

EuroBancshares, Inc., Hato Rey, Puerto Rico -- to become a bank holding company 

through the acquisition of EuroBank. 

- Approved, April 5, 2002 

Minneapolis 

First Financial Corporation, Arthur, North Dakota -- to acquire Omega City Holding 

Company, La Moure, and thereby indirectly acquire First State Bank of La Moure. 

- Approved, April 5, 2002 

(AC) = Addition or Correction Delegated - Page 3 of 7 
H.2 Actions under delegated authority March 31, 2002 to April 6, 2002 

Bank Holding Companies 

Atlanta 

Florida Community Banks, Inc., Immokalee, Florida -- to become a bank holding 

company through the acquisition of Florida Community Bank. 

- Approved, April 5, 2002 

Chicago 

Atlanta 

Atlanta 

Gifford Bancorp, Inc. Employee Stock Ownership Plan, Gifford, Illinois -- to acquire 

Gifford Bancorp, Inc. and thereby acquire The Gifford State Bank. 

- Approved, April 3, 2002 

Legends Financial Holdings, Inc., Clarksville, Tennessee -- to become a bank holding 

company through the acquisition of Legends Bank. 

- Approved, April 5, 2002 

Omni Bancshares, Inc., Metairie, Louisiana -- to acquire a membership interest in FSV 

Funding, LLC, Houston, Texas, and thereby indirectly acquire FSV Payments System, 

Ltd. and engage in data processing activities. 

- Withdrawn, April 5, 2002 

Chicago 

Savanna-Thomson Investment, Inc., Fulton, Illinois -- to become a bank holding 

company through the acquisition of Thomson Investment Company, Inc., Thomson, and 

thereby indirectly acquire Savanna State Bank, Savanna, and Thomson State Bank, 

Thomson, and engage in making and servicing loans through the establishment of 

Thomson LLC, Fulton. 

- Approved, April 2, 2002 

General Counsel 

Spectrum Bancorporation, Inc., Omaha, Nebraska -- request for an exemption under the 

Depository Institutions Management Interlocks Act and Regulation L. 

- Granted, April 5, 2002 

(AC) = Addition or Correction Delegated - Page 4 of 7 
H.2 Actions under delegated authority March 31, 2002 to April 6, 2002 

Bank Holding Companies 

San Francisco 

Town Center Bancorp, Portland, Oregon -- to become a bank holding company through 

the acquisition of Town Center Bank. 

- Approved, April 3, 2002 

St. Louis 

Tru-Banc Holdings LLC, St. Louis, Missouri -- to become a bank holding company 

through the acquisition of shares of The Templar Fund, Inc., a registered bank holding 

company, and for The Templar Fund, Inc. to acquire additional shares of Truman 

Bancorp, Inc. 

- Withdrawn, April 5, 2002 

Banks, State Member 

St. Louis 

Pulaski Bank and Trust Company, Little Rock, Arkansas -- to establish Pulaski Insurance 

Agency, Inc. as a financial subsidiary and thereby engage in the sale, as agent, of life and 

long-term care insurance and fixed and variable annuities. 

- Approved, April 3, 2002 

Change In Bank Control 

St. Louis 

Central Bancompany, Jefferson City, Missouri -- change in bank control. 

- Permitted, April 1, 2002 

Richmond 

Cooperative Bankshares, Inc., Wilmington, North Carolina -- change in bank control. 

- Permitted, April 1, 2002 

Richmond 

Permanent Capital Corporation, Owings Mills, Maryland -- change in bank control. 

- Permitted, April 1, 2002 

(AC) = Addition or Correction Delegated - Page 5 of 7 
H.2 Actions under delegated authority March 31, 2002 to April 6, 2002 

Competitive Factors Reports 

Cleveland 

Charter One Commercial, Albany, New York -- report on competitive factors of the 

proposed merger with Charter One Bank, N.A., Cleveland, Ohio, on its conversion from 

a federal savings bank. 

- Submitted, April 1, 2002 

New York 

EuroBank, Hato Rey, Puerto Rico -- report on competitive factors of the proposed 

merger with Euro Interim Company. 

- Submitted, April 5, 2002 

St. Louis 

First Commercial Bank, Gideon, Missouri -- report on competitive factors of the 

proposed merger with First Commercial Bank of Southeast Missouri, Chaffee. 

- Submitted, April 3, 2002 

San Francisco 

Plumas Bank, Quincy, California -- report on competitive factors of the proposed merger 

with Plumas Merger Company. 

- Submitted, April 1, 2002 

Minneapolis 

ProGrowth Bank, Nicollet, Minnesota -- report on competitive factors of the proposed 

merger with Citizens State Bank of Gaylord, Gaylord. 

- Submitted, April 5, 2002 

Chicago 

Thomson State Bank, Thomson, Illinois -- report on competitive factors of the proposed 

merger with Savanna State Bank, Savanna. 

- Submitted, April 3, 2002 

(AC) = Addition or Correction Delegated - Page 6 of 7 
H.2 Actions under delegated authority March 31, 2002 to April 6, 2002 

Extensions Of Time 

Boston 

Williamstown Mutual Holding Company, Williamstown, Massachusetts -- extension to 

July 9, 2002, to become a mutual bank holding company through the acquisition of 

Williamstown Savings Bank. 

- Granted, April 4, 2002 

Regulations And Policies 

Director, C&CA 

Regulation Z -- revisions to the official staff commentary to clarify certain disclosure 

procedures and definitions. 

- Published, April 3, 2002 

(AC) = Addition or Correction Delegated - Page 7 of 7 
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

The Community Reinvestment Act is intended to encourage depository 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch JP Morgan Chase Bank, New York, New York, to establish a 

branch office at 2551 Broadway, New York, New York. 

Newspaper – 04/27/2002 

Branch Banco Popular North America, New York, New York,to 

establish a branch office at 1610 Main Avenue, Clifton, New 

York. 

Newspaper – 04/17/2002 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

The Community Reinvestment Act is intended to encourage depository 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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4 

Federal Reserve Bank of Cleveland 

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Type Application Ending date of 

comment period 

Branch Received application from Fifth Third Bank, Grand Rapids, MI on 03/08/2002 

04/05/2002 of its intent to establish branches at 30700 Van Dyke 

Ave., Warren, MI; 31700 14 Miole Rd., West Bloomfield, MI; and 

1620 North Telegraph Rd., Dearborn, MI.* 

* Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

in May 1995. 

The CRA requires that each 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: 

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Southern Community Bank and Trust, Winston-Salem, North 

Carolina, to establish a branch in the North Main Village 

Shopping Center, 205 Neal Place, Suite 105, High Point, North 

Carolina.* 

Branch Union Bank and Trust Company, Bowling Green, Virginia, to 

establish a branch at 5510 Morris Road, Thornburg, Virginia.* 

18(c) Virginia Heartland Bank, Fredericksburg, Virginia, to merge 

with Caroline Savings Bank, Bowling Green, Virginia.* 

Newspaper - 04/15/2002 

Newspaper - 04/15/2002 

Newspaper - 05/03/2002 

*Subject to the provisions of the Community Reinvestment Act. 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch United Bank of the Gulf Coast, Sarasota, Florida, to establish a 

branch located at the northeast corner of 26th Street and Manatee 

Avenue. 

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

located at the intersection of U.S. Highway 17 and County 

Highway 220, Jacksonville, Florida. 

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

located at 9151 Warren Parkway, Frisco, Texas, to be known as 

the Stone Briar Branch. 

Branch First Florida Bank, Naples, Florida, to establish a branch located 

at 972 A Orange Avenue, Winter Park, Florida, to be known as 

the First Florida Bank Winter Park Office. 

04/13/2002* 

04/02/2002* 

04/08/2002* 

04/12/2002* 

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CIC Southern Bancorp, Inc., Marietta, Georgia, after-the-fact change N/Avail 

in control notification filed by Southern Bancorp, Inc. Employee 

Stock Ownership Plan With 401K Provisions, Marietta, Georgia, 

to retain 19.49 percent of the outstanding shares of Southern 

Bancorp, Inc., Marietta, Georgia. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

FBSEA Bancolombia S.A., Medellin, Colombia, to establish an 

international branch to be located in Miami, Florida. 

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 Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Irwin Union Bank and Trust Company, Columbus, Indiana, to Newspaper – 04/20/2002 

establish a branch facility to be located at 2502 Lake Lansing 

Road, Lansing, Michigan.* 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(3) Ames National Corporation, Ames, Iowa, to acquire 100 percent 

of United Bank & Trust N.A., Marshalltown, Iowa (in 

organization).* 

3(a)(1) Hometown Community Bancorp, Inc., Morton, Illinois, to 

become a bank holding company by acquiring 100 percent of 

Hometown Independent Bancorp, Inc., Morton, Illinois and 

thereby indirectly acquire Morton Community Bank, Morton, 

Illinois,* 

3(a)(3) Metropolitan Bank Group, Inc., Chicago, Illinois, Metropolitan 

Bancorp, Inc., Chicago, Illinois, and Plaza Bancorp, Inc., 

Norridge, Illinois, to acquire 100 percent of Firstcom Bancorp, 

Inc., Chicago, Illinois and thereby indirectly acquire The First 

Commercial Bank, Chicago, Illinois.* 

3(a)(1) Nicolet Bankshares, Inc., Green Bay, Wisconsin, to become a 

bank holding company by acquiring 100 percent of Nicolet 

National Bank, Green Bay, Wisconsin.* 

3(a)(1) & 4(c)(8) Peoples Bancorp., Rock Valley, Iowa, to become a bank holding 

company by acquiring 100 percent of Peoples Bank, Rock 

Valley, Iowa and to retain Peoples Financial Inc., Rock Valley, 

Iowa and thereby engage in insurance activities.* 

Fed Reg – 04/23/2002 

Newspaper – N/Avail 

Fed Reg – N/Avail 

Newspaper – N/Avail 

Fed Reg – 04/23/2002 

Newspaper – N/Avail 

Fed Reg – 04/26/2002 

Newspaper – 04/22/2002 

Fed Reg – 04/24/2002 

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

Ending date of 

Type Application comment period 

3(a)(1) Schaumburg Bancshares, Inc., Hinsdale, Illinois, to become a Fed Reg – N/Avail 

bank holding company by acquiring 100 percent of First Newspaper – N/Avail 

Schaumburg Bancorporation, Inc., Schaumburg, Illinois and 

thereby indirectly acquire Heritage Bank of Schaumburg, 

Schaumburg, Illinois.* 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

3(a)(1) Notice Capital Bancshares, Inc., Primghar, Iowa, to become a bank 

holdidng company by acquiring at least 80 percent of Primghar 

Savings Bank, Primghar, Iowa. 

3(a)(1) Notice Franklin Bancorp, Inc., Southfield, Michigan, to become a bank 

holding company by acquiring 100 percent of Franklin Bank, 

N.A., Southfield, Michigan. 

Membership Grundy County National Bank, Morris, Illinois, to become a 

member of the Federal Reserve System. 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

334648 Titonka Savings Bank 11/26/2001 04/03/2002 S X7 

173 Main Street 

Titonka, Iowa 50480 

(515) 928-2142 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3A1 ESB Bancorp, Inc., Elberfeld, Indiana, to become a bank Newspaper – 05/10/2002 

holding company by acquiring 100 percent of The Elberfeld Fed Reg – 05/06/2002 

State Bank, Elberfeld, Indiana.* 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3A1 Peoples State Bancorp, Inc., Munising, Michigan to become a 

bank holding company by acquiring 100 percent of Peoples 

State Bank of Munising, Munising, Michigan.* 

Newspaper – N/Avail Fed 

Reg – 04/26/2002 

CIC Nancy C. Day to retain control of Menahga Bancshares, Inc., 

Menahga, Minnesota and thereby indirectly retain control of 

First National Bank of Menahga, Menahga, Minnesota. 

Newspaper – 04/18/2002 

Fed Reg – 04/16/2002 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

application for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period

Branch Arvest Bank, Tulsa, Oklahoma, to establish a branch at 218 S. Newspaper – 04/08/2002 

Memorial, Tulsa, Oklahoma. 

Branch Arvest Bank, Tulsa, Oklahoma, to establish a branch at 3233 S. 

Yale, Tulsa, Oklahoma. 

Newspaper – 04/08/2002 

Branch First United Bank, Englewood, Colorado, to establish a branch Newspaper – 04/15/2002 

at 6500 W. 104th Avenue, Westminster, Colorado. 

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

Ending date of 

Type Application comment period 

CIC Harold A. Hartzog, Hoxie, Kansas, to acquire control of State 

Bank Employee Stock Ownership Plan, Hoxie, Kansas, parent of 

Prairie State Bancshares, Inc., and State Bank of Hoxie, both of 

Hoxie, Kansas. 

Newspaper – 04/20/2002 

Fed Reg – 04/22/2002 

CIC Gertrude Myers 1988 Revocable Trust, Alva, Oklahoma and 

Marilyn Myers Bouziden, Alva, Oklahoma, as trustee, to acquire 

control of Myers Bancshares, Inc., Alva, Oklahoma, parent of 

The Central National Bank in Alva, Alva, Oklahoma. 

Newspaper – 04/11/2002 

Fed Reg – 04/11/2002 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

4(c)(8) Texas United Bancshares, Inc., La Grange, TX, and Texas Fed Reg – 

United Nevada, Inc., Carson City, NV, to engage in operating a 05/06/2002Newspaper – 

savings association by acquiring The Bryan-College Station N/Avail 

FHC, Bryan, TX, and First Federal Savings Bank, FSB, Bryan, 

TX* 

*Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Member Citizens State Bank, Princeton, TX, to become a member of the 

Federal Reserve System 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 12 

Federal Reserve Bank of San Francisco 

Applications and notifications filed during the week ending Saturday, April 6, 2002 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18C Westamerica Bank, San Rafael, California, to merge with Kerman 

State Bank, Kerman, California.* 

Newspaper – N/Avail 

Branch Oak Valley Community Bank, Oakdale, California, to establish a 

branch facility to be located at 568 West Line Street, Bishop, 

California.* 

Newspaper – 4/19/2002 

Branch The Vintage Bank, Napa, California, to establish a branch facility to 

be located at the Southwest Corner of Delvin Road and Gateway 

Road East, Napa Valley Gateway Business Park, Napa County, 

California.* 

Newspaper –3/27/2002 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

CIC Notice by David F. Moorhouse to increase his shares in San Juan Newspaper – N/Avail Fed 

Bank holding Company, Friday Harbor, Washington.* Reg – 04/16/2002 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

revised in May 1995. 

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

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

facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

2959700 Southwest Bank of Phoenix 12/10/2001 04/05/2002 S X 

2222 Camelback 

Phoenix, Arizona 85016 

(602) 748-2222 

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 for Quarter of 

Institution Location 

None