Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 20

Week Ending May 17, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions May 11, 2003 to May 17, 2003

Bank Holding Companies

BB&T Corporation, Winston-Salem, North Carolina -- to merge with First Virginia 

Banks, Inc., Falls Church, Virginia, and thereby acquire its banking and nonbanking 

subsidiaries.

- Approved, May 13, 2003 

Banks, State Member

State Street Bank and Trust Company, Boston, Massachusetts -- exception from the 

Board's risk-based capital guidelines with respect to certain indemnified agency securities 

lending transactions, and delegation of authority to the Director of the Division of Banking 

Supervision and Regulation to approve certain future requests for the treatment provided 

under the exception.

- Granted, May 12, 2003 

Enforcement

U.S. Trust Corporation, New York, New York, and United States Trust Company of 

New York -- termination of a cease and desist order dated July 11, 2001.

- Announced, May 13, 2003 

(AC) = Addition or Correction Board - Page 1 of 1
May 11, 2003 to May 17, 2003

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

AmSouth Bank, Birmingham, Alabama -- to establish branches at 2200 Aloma Avenue, 

Winter Park, Florida; and 3836 Murrell Road, Rockledge.

- Approved, May 15, 2003 

Atlanta

Comerica Bank, Detroit, Michigan -- to establish branches at 16081 Technology Drive, 

Northville Township; 47240 West Ten Mile Road, Novi; and 50300 Gratiot Avenue, 

Chesterfield.

- Approved, May 14, 2003 

Chicago

Comerica Bank, Detroit, Michigan -- to establish a branch at 3800 Weston Road, Suite 

100, Weston, Florida.

- Approved, May 16, 2003 

Chicago

SouthTrust Bank, Birmingham, Alabama -- to establish a branch at 10 West Main Street, 

Pensacola, Florida.

- Approved, May 13, 2003 

Atlanta

Bank Holding Companies

Alliance Bancshares, Inc., Dalton, Georgia -- to become a bank holding company 

through the acquisition of Alliance National Bank.

- Returned, May 13, 2003 

Atlanta

CB Holding Corp., Aldeo, Illinois -- to become a bank holding company through the 

acquisition of Country Bank.

- Approved, May 16, 2003 

Chicago

(AC) = Addition or Correction Delegated - Page 1 of 5
H.2 Actions under delegated authority May 11, 2003 to May 17, 2003

Bank Holding Companies

Community Banks of Georgia, Inc., Jasper, Georgia -- to become a bank holding 

company through the acquisition of Community Bank of Pickens County.

- Returned, May 12, 2003 

Atlanta

Five Star Bancorp, Rocklin, California -- to become a bank holding company through the 

acquisition of Five Star Bank.

- Approved, May 16, 2003 

San Francisco

Independent Bank Corporation, Ionia, Michigan -- to engage in insurance premium 

financing through the acquisition of Mepco Insurance Premium Financing, Inc., Chicago.

- Approved, May 12, 2003 

Chicago

The Jere J. Ruff Family Limited Partnership II, Longview, Texas, Ruff Management, 

LLC, and Ruff Partners, Ltd. -- to acquire shares of The First State Bank, Hallsville.

- Approved, May 15, 2003 

Dallas

Liberty Bancshares, Inc., Jonesboro, Arkansas -- to acquire MSB Shares, Inc. and 

thereby acquire MidSouth Bank.

- Approved, May 16, 2003 

St. Louis

MainSource Financial Group, Greensburg, Indiana -- to acquire Community Bancshares, 

Inc., Bargersville, and thereby acquire First Community Bank & Trust.

- Approved, May 16, 2003 

Chicago

Mount Hope Bankshares, Inc., Mount Hope, West Virginia -- to become a bank holding 

company through the acquisition of Bank of Mount Hope.

- Returned, May 13, 2003 

Richmond

(AC) = Addition or Correction Delegated - Page 2 of 5
H.2 Actions under delegated authority May 11, 2003 to May 17, 2003

Bank Holding Companies

National Bancshares, Inc., Bettendorf, Iowa -- to acquire shares of Benchmark Bancorp, 

Inc., Aurora, Illinois, and thereby acquire Benchmark Bank.

- Withdrawn, May 15, 2003 

Chicago

SunTrust Banks, Inc., Atlanta, Georgia, and SunTrust Bank -- to acquire Lighthouse 

Community State Bank, Hilton Head Island, South Carolina; and for SunTrust Bank to 

merge with Lighthouse Community State Bank and establish branches at existing locations.

- Approved, May 15, 2003 

Secretary

Bank Mergers

Central California Bank, Sonora, California -- to merge with Central Sierra Bank, San 

Andreas, and acquire branches in Amador, Calaveras, San Joaquin, and Tuolomne 

Counties.

- Approved, May 16, 2003 

San Francisco

Manufacturers and Traders Trust Company, Buffalo, New York -- to merge with Allfirst 

Financial Center, National Association, Millsboro, Delaware, and establish a branch.

- Approved, May 12, 2003 

Secretary

Banks, Foreign

Banco de Sabadell, S.A., Sabadell, Spain -- to convert its existing state-chartered 

international agency, Banco Sabadell, Miami, Florida, to a state-chartered international 

branch.

- Approved, May 15, 2003 

Atlanta

Banks, State Member

Northwoods State Bank, Rhinelander, Wisconsin -- location determination of master 

account at the Federal Reserve Bank of Chicago.

- Approved, May 15, 2003 

Secretary

(AC) = Addition or Correction Delegated - Page 3 of 5
H.2 Actions under delegated authority May 11, 2003 to May 17, 2003

Change In Bank Control

State Holding Company, Thermopolis, Wyoming -- change in bank control.

- Withdrawn, May 12, 2003 

Kansas City

Union Bancorporation, Defiance, Iowa -- change in bank control.

- Withdrawn, May 14, 2003 

Chicago

Competitive Factors Reports

Bank of Jonesboro, Jonesboro, Arkansas -- report on competitive factors of the 

proposed merger with MidSouth Bank.

- Submitted, May 16, 2003 

St. Louis

First Financial Trust National Association, Newton, Massachusetts -- report on 

competitive factors of the proposed merger with Freedom Trust Company, Concord, 

New Hampshire.

- Submitted, May 12, 2003 

Boston

Mahaska State Bank, Oskaloosa, Iowa -- report on competitive factors of the proposed 

merger with Citizens Bank and Trust Company, Hudson.

- Submitted, May 12, 2003 

Chicago

Extensions Of Time

Charter One Financial, Inc., Cleveland, Ohio -- extension to November 30, 2003, to 

divest certain real estate.

- Granted, May 15, 2003 

Director, BS&R

Compass Bank, Birmingham, Alabama -- extension to July 17, 2004, to establish a 

branch at the intersection of Glade Road and Heritage Avenue, Fort Worth, Texas.

- Granted, May 14, 2003 

Atlanta

(AC) = Addition or Correction Delegated - Page 4 of 5
H.2 Actions under delegated authority May 11, 2003 to May 17, 2003

Membership

Premier Bank of Jacksonville, Jacksonville, Illinois -- to become a member of the Federal 

Reserve System.

- Approved, May 15, 2003 

St. Louis

(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, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for 3rd Quarter of 2003

Institution Location

Merrill Merchants Bank Bangor, Maine

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 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18C JPMorgan Chase Bank, New York, New York, to assume certain 

trust funds of Citizens Bank of Connecticut, New London, 

Connecticut, Citizens Bank of Massachusetts, Boston, 

Massachusetts, Citizens Bank New Hampshire, Manchester, 

New Hampshire, Citizens Bank of Pennsylvania, Philadelphia, 

Pennsylvania and Citizens Bank of Rhode Island, Providence, 

Rhose Island.

Newspaper – 05/24/2003

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

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 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for 3rd Quarter of 2003

Institution Location

First Bank of Delaware Brandywine Hundred, Delaware

Patriot Bank Pottstown, PA

Premier Bank Doylestown, PA

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 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Wesbanco Bank, Inc., Wheeling, West Virginia, notice to 

establish a branch at 1003 Trinity Circle, Washington, PA

Newspaper - 05/21/2003

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

Type Application

Ending date of

comment period

3(a)(1) Application by Columbia Bancorp, Inc., Cincinnati, Ohio to 

acquire 100 percent of the voting shares of Columbia Savings 

Bank, Cincinnati, Ohio

Newspaper - 06/09/2003 

Fed Reg - 06/02/2003

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Rurban Financial Corp., - Proposal to dissolve and liquidate 

RFC Banking Company, a subsidiary bank, and retain shell 

entity as a non bank subsidiary conducting lending and loan 

servicing activities.

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

362717 Croghan Colonial Bank

323 Croghan Street

Fremont, Ohio 43420

03/03/2003 05/12/2003 S X

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, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) Union Financial Bancshares, Inc., Union, South Carolina, to 

become a bank holding company through the acquisition of 

100% of the voting shares of Provident Community Bank, 

National Association (the proposed successor by charter 

conversion of Provident Community Bank), Union, South 

Carolina.*

Fed Reg – N/Avail 

Newspaper – 06/14/2003

4(c)(8) FNB Corporation, Christiansburg, Virginia, to acquire 100% of 

the shares of Bedford Bancshares, Inc., Bedford, Virginia.

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

47377 Southern Financial Bank

37 East Main Street

Warrenton, Virginia 20186

02/24/2003 05/11/2003 S X

Section VI – CRA examinations scheduled for 3rd Quarter of 2003

Institution Location

EagleBank Bethesda, Maryland

Cecil Federal Ekton, Maryland

Gateway Bank & Trust Co. Elizabeth City, North Carolina

Waccamaw Bank Whiteville, North Carolina

Albemarle First Bank Charlottesville, Virginia

Highlands Community Bank Covington, Virginia

First Capital Bank Glen Allen, Virginia

New Peoples Bank Honaker, Virginia

Bank of Lancaster Kilmarnock, Virginia

The Bank of Charlotte County Phenix, Virginia

Planters Bank & Trust Company of Virginia Staunton, Virginia

Potomac Bank of Virginia Vienna, Virginia
Section VI – CRA examinations scheduled for 3rd Quarter of 2003

Institution Location

Bruceton Bank Bruceton Mills, West Virginia

Putnam County Bank Hurricane, West Virginia

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 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

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

located at 1425 Sadler Road, Fernandina Beach, Florida, to be 

known as the Fernandina Branch.*

Newspaper-05/29/2003

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

located at 1105 Highland Avenue, Selma, Alabama, to be known 

as the North Selma Remote Drive Thru Branch.*

Newspaper-05/29/2003

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

located at 10950 Cross Creek Boulevard, Tampa, Florida, to be 

known as the Cross Creek Branch.*

Newspaper-05/29/2003

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

located 4408 Bryant Irvin Road, Fort Worth, Texas, to be known 

as the Fort Worth-Bryant Irvin Branch.*

Newspaper-05/23/2003

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

1275 K Street, N.W., Washington, D.C., to be known as the 

1275 K Street Office.*

Newspaper-05/23/2003

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

12821 Braemar Village Plaza, Bristow, Virginia, to be known as 

the Braemar Safeway In-Store Office.*

Newspaper-05/23/2003

*Subject to provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

CIC JBC Bancshares, Inc., Jasper, Georgia, prior change in control 

notification filed by Jasper Banking Company Employee Stock 

Ownership Plan, to acquire 0.10 percent of the outstanding 

shares of JBC Bancshares, Inc. (Bancshares), and after-the-fact 

notification filed by James Hugh Bryan, sole trustee, to retain 

10.18 percent of the outstanding shares of Bancshares, all of 

Jasper, Georgia.

Newspaper-N/Avail 

Fed Reg-06/03/2003
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) Liberty Financial Services, Inc., New Orleans, Louisiana, to 

acquire 100 percent of the outstanding shares of First American 

Bank, Jackson, Mississippi.*

Newspaper-N/Avail

Fed Reg-06/16/2003

*Subject to provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

COM CNB Holdings, Inc., Alpharetta, Georgia, commitment waiver 

request.

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

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, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

18(c) & Branches First Midwest Bank, Itasca, Illinois, to purchase the branch 

office of The Northern Trust Company, Chicago, Illinois, 

located at 8501 West Higgins Road, Chicago, Illinois, and 

thereby to establish a branch at the same location.*

Newspaper – 05/16/2003

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

CIC Notice by Commerce Bancorp Rabbi Trust, Berkeley, Illinois, 

to increase ownership from 9.97 percent to 10.21 percent of 

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

indirectly acquire control of National Bank of Commerce, 

Berkeley, Illinois.

Fed Reg – 04/28/2003

Newspaper – N/Avail

CIC Notice by John J. Reilly, to purchase 169,642 shares or 23.56 

percent voting control of Hawthorn Corporation, Mundelein, 

Illinois, and thereby indirectly acquire Hawthorn Bank, 

Mundelein, Illinois.

Fed Reg – 06/05/2003

Newspaper – N/Avail

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

4(c)(8) Northview Financial Corporation, Northfie ld, Illinois, proposes 

to acquire Northview Motgage, L.L.C., Northfield, Illinois from 

Northview Bank & Trust, Northfield, Illinois, and thereby to 

engage in extending credit and servicing loans.

COM Spector Properties, Inc., Chicago, Illinois, request relief from the 

commitment to divest of its real estate holdings at 2221, 2225, 

and 2227 3rd Avenue, Rock Island, Illinois, within two years of 

becoming a bank holding company.

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

2939038 Ames Community Bank

107 Main Street

Ames, Iowa 50310

(515) 956-4343

01/06/2003 05/13/2003 S X

2339795 Libertyville Bank & Trust Co.

507 N. Milwaukee Avenue

Libertyville, Illinois 60068

(847) 367-6800

10/16/2002 05/15/2003 S X
Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Arvest Bank, Fayetteville, Arkansas, to establish a branch 

facility to be located in the Wal-Mart SuperCenter at SWC 412 

& Highway 97, Sand Springs, Oklahoma.*

Newspaper – 05/30/2003

Branch Bank of Plato, Plato, Missouri, to establish a branch facility to 

be located at West 16th and North Main Streets, Mountain 

Grove, Missouri.*

Newspaper – 05/28/2003

* Subject to the provisions of the Community Reinvestment Act

Section II – Applications subject to both news paper and Federal Register notice

Type Application

Ending date of

comment period

3A1 Guaranty Federal Bancshares, Inc., Springfield, Missouri, to 

become a bank holding company through the conversion of its 

subsidiary Guaranty Federal Savings Bank, Springfield, 

Missouri, from a federally chartered savings bank to a state 

chartered bank to be named Guaranty Bank.*

Newspaper – 06/06/2003

Fed Reg – 06/04/2003

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

525446 The Farmers Bank

Hardinsburg, Tennessee

02/03/2003 05/16/2003 S X

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, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Dacotah Bank, Aberdeen, South Dakota, to establish a branch 

facility to be located at 125 Main Street, Rapid City, South 

Dakota.*

Newspaper- 05/20/2003

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

3A3 JDOB Inc., Sandstone, Minnesota to acquire 80% or more of the 

voting shares of First National Bank of Hinckley, Hinckley, 

Minnesota, a de novo bank.*

Fed Reg- 06/12/03

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

SMB Other Stockmens Bank, Cascade, Montana, to redeem 12 shares of it’s 

common stock.
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

34153 American Bank, St. Paul, Minnesota 12/30/02 05/12/03 O X

Section VI – CRA examinations scheduled for 3

rd Quarter of 2003

Institution Location

Central Savings Bank

Crow River State Bank

Wadena State Bank

Plaza Park State Bank

Kanabec State Bank

American Bank of Montana

Valley Bank of Helena

First Valley Bank

Dacotah Bank-Valley City

BANKFIRST

First PREMIER Bank

Sault Ste. Marie, Michigan

Delano, Minnesota

Wadena, Minnesota

Waite Park, Minnesota

Mora, Minnesota

Bozeman, Montana

Helena, Montana

Seeley Lake, Montana

Valley City, North Dakota

Sioux Falls, South Dakota

Sioux Falls, South Dakota

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.

Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If 

an institution’s examination is rescheduled for a date later than the end of the date range reflected in a published 

schedule, the institution’s name will be republished in an appropriate later listing. Any comments received, as a 

result of either the first publication or subsequent publications will be considered during the examination. 

Written comments regarding the CRA performance of these institutions should be directed to Mr. Jim Colwell at 

the Federal Reserve Bank of Minneapolis, Banking Supervision Department., P. O. Box 291, Minneapolis, 

Minnesota 55480-0291.
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Mainstreet Bank, Bunceton, Missouri, to establish 101 Main 

Street, Bunceton, Missouri as a branch and to relocate its main 

office to 301 East Broadway, Ashland, Missouri.

Newspaper - 05/09/2003

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

Type Application

Ending date of

comment period

CIC Robert Schmucker, Raymond, Nebraska and Mark Blazek, 

Valparaiso, Nebraska, to acquire control of Valparaiso 

Enterprises, Inc., Valparaiso, Nebraska, parent of Oak Creek 

Valley Bank, Valparaiso, Nebraska.

Newspaper - 05/29/2003

Fed Reg - 05/27/2003

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

Member Local Oklahoma Bank, Oklahoma City, Oklahoma, to become a 

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

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

884059 Shoshone First Bank

1401 Sheriden Avenue

Cody, Wyoming 82414-3629

02/27/2003 05/15/2003 O X

468655 Citizens Bank

4

th & Main

Velma, Oklahoma 73491

02/27/2003 05/16/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3) Eden Financial Corporation, San Angelo, TX, to acquire Laguna 

Bancshares, Inc., Big Lake, TX, Laguna Bancshares of 

Delaware, Inc., Dover, DE, and Big Lake Bank, National 

Association, Big Lake, TX*

Fed Reg – 05/30/2003

Newspaper – N/Avail

3(a)(1) Afin, Ltd., Cleburne, TX, and Avest, Inc., Cleburne, TX, to 

acquire Grandview Bancshares, Inc., Grandview, TX*

Fed Reg – 06/16/2003

Newspaper – N/Avail

3(a)(1) Avest, Inc., Cleburne, TX, to acquire Afin, Ltd., Cleburne, TX, 

and Grandview Bancshares, Inc., Grandview, TX* 

Fed Reg – 06/16/2003

Newspaper – N/Avail

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

Inc., Dover, DE, to acquire WB&T Bancshares, Inc., 

Duncanville, TX, WB&T Delaware, Inc., Duncanville, TX, and 

Western Bank and Trust, Duncanville, TX*

Fed Reg – 06/16/2003

Newspaper – N/Avail

*Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) Inwood Bancshares, Inc., Dallas, TX, to establish Inwood Asset 

Management, Inc., Dallas, TX, and thereby engage de novo in 

financial and investment advisory activities

Fed Reg - 06/05/2003
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

Member 

Withdrawal

United Central Bank, Garland, TX, request to voluntarily 

withdraw from membership in the Federal Reserve System 

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

637451 PNB Financial Bank

5010 University Avenue

Lubbock, Texas 79413

09/092002 05/19/2003 S X
Section VI – CRA examinations scheduled for 3rd Quarter of 2003

Institution Location

Plaza Bank

1005262

400 W. Houston Street

San Antonio, Texas 78207-3162

First State Bank of Keene

867650

309 S. Old Betsy Road 

Keene, Texas 76059-2421

HCSB State Banking Association

973364

201 W. 6th Street

Plainview, Texas 79073-8005

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 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, May 17, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

CIC Notice by James Patrick Koehler, Aberdeen, South Dakota, to 

increase his ownership of Valley Bancorp and, indirectly, of its 

wholly owned subsidiary, Valley Bank, both of Henderson, 

Nevada.*

Newspaper – 05/28/2003

Fed Reg – 05/29/2003

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

3(a)(5)(C) CalWest Bancorp, Inc., to become a bank holding company by 

acquiring 100 percent of South County Bank, N.A., both of 

Rancho Santa Margarita, 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