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

Actions of the Board, Its Staff,

and the Federal Reserve Banks:

No. 10

Week Ending March 7, 1998

Federal Reserve Release

H.2

Applications and Reports Received
No. 10

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

Global financial system and the Asian crisis -- statement by Chairman Greenspan

before the Subcommittee on Foreign Operations of the Senate Committee on

Appropriations.

- Published, March 3, 1998 

TESTIMONY AND STATEMENTS

Payment of interest on demand deposits and on the required reserve balances of

depositories at the Federal Reserve (S. 1405). -- statement by Laurence H. Meyer

before the Senate Committee on Banking, Housing and Urban Affairs, March 3,

1998.

- Published, March 3, 1998 

Performance of the U.S. economy and coming budgetary challenges -- statement by

Chairman Greenspan before the House Budget Committee, March 4, 1998.

- Published, March 4, 1998 

WesBanco, Inc., Wheeling, West Virginia -- to acquire Commercial BancShares,

Inc., Parkersburg, West Virginia, and Gateway Bancshares, Inc., McMechen; and

their banking and nonbanking subsidiaries, and for WesBanco Bank to merge with

The Bank of Paden City, Paden City, West Virginia, and to establish branches at

the bank's current locations.

- Approved, March 2, 1998 

BANK HOLDING COMPANIES

Uniform Cash Access policy -- recommendations to clarify the Board's cash access

policy to address issues associated with interstate branching.

- Approved, March 4, 1998 

REGULATIONS AND POLICIES
H.2

March 1, 1998 to March 7, 1998

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

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

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

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

Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 200

Providence Road, Charlotte, North Carolina.

- Approved, March 5, 1998 

BANK BRANCHES, DOMESTIC

Secretary

Interchange State Bank, Saddle Brook, New Jersey -- to establish an in-store

mini-branch and a full service branch at Shop Rite Shopping Center, Route 4, Forest

Avenue, Paramus, New Jersey

- Approved, March 6, 1998 

New York

North Shore Community Bank and Trust Company, Wilmette, Illinois -- to establish

a branch at 635 Vernon Avenue, Glencoe, Illinois.

- Approved, March 2, 1998 

Chicago

Royal American Bank, Inverness, Illinois -- to exercise fiduciary powers.

- Permitted, March 6, 1998 

Chicago

State Bank of Caledonia, Caledonia, Michigan -- to establish a branch at 123 South

Westredge, Kalamazoo, Michigan.

- Approved, March 2, 1998 

Chicago

Traders Bank, Spencer, West Virginia -- to establish a branch at the intersection of

State Route 14 and Oakbrook Road, Mineral Wells, West Virginia.

- Approved, March 6, 1998 

Richmond
H.2

March 1, 1998 to March 7, 1998

Page 2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Bank Corporation of Georgia, Macon, Georgia -- registration as transfer agent.

- Withdrawn, March 3, 1998 

BANK HOLDING COMPANIES

Director, BS&R

Central Texas Bankshare Holdings, Inc., Columbus, Texas, and Colorado County

Investment Holdings, Inc., Wilmington, Delaware -- to acquire Hill Bancshares

Holdings, Inc., Weimar, Texas, and Hill Bank & Trust Company.

- Approved, March 4, 1998 

Dallas

Concord EFS, Inc., Memphis, Tennessee -- to acquire Digital Merchant Systems,

Inc., et. al., Northfield, Illinois, and engage in credit card and debit card data

processing activities.

- Permitted, March 2, 1998 

St. Louis

Countryside Bancshares, Inc., Republic, Missouri -- to acquire Countryside Bank.

- Approved, March 2, 1998 

St. Louis

Dakota Bancshares, Inc., Mendota Heights, Minnesota -- to acquire Olivia

Bancorporation, Inc., Olivia, Minnesota.

- Approved, March 2, 1998 

Minneapolis

Deposit Guaranty Corp., Jackson, Mississippi -- to merge with Victory Bancshares,

Inc., Cordova, Tennessee, and acquire Victory Bank and Trust Company. 

- Approved, March 6, 1998 

Secretary

F&M Bancorporation, Inc., Kaukauna, Wisconsin, and F&M Merger Corporation --

to acquire Financial Management Services of Jefferson, Inc., Jefferson, Wisconsin,

and Farmers & Merchants Bank of Jefferson.

- Approved, March 5, 1998 

Chicago
H.2

March 1, 1998 to March 7, 1998

Page 3

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

First Financial Bancorp, Hamilton, Ohio -- request for waiver of application to merge

The Union State Bank with and into USB Interim Bank, Inc., Payne, Ohio.

- Granted, March 4, 1998 

Cleveland

First Michigan Bank Corporation, Holland, Michigan -- registration as transfer agent.

- Withdrawn, March 3, 1998 

Director BS&R

Founders Bancshares, Inc., Chesterfield, Missouri -- to acquire Founders Bank.

- Approved, March 6, 1998 

St. Louis

GV Bancorp, Inc., Gunnison, Utah -- to acquire Gunnison Valley Bank; and for GV

Bancorp Employee Stock Ownership Plan to acquire GV Bancorp.

- Approved, March 5, 1998 

San Francisco

Hometown Bancshares, Inc., Carthage, Missouri -- to acquire Hometown Bank,

N.A..

- Approved, March 2, 1998 

Kansas City

Jewel Box Financial Services, Inc., Columbus, Wisconsin -- to acquire Farmers &

Merchants Union Bank, Columbus, Wisconsin.

- Approved, March 6, 1998 

Chicago

Magna Group, Inc., St. Louis, Missouri -- to engage in the operation of a thrift

institution through the acquisition of Charter Financial, Inc., Sparta, Illinois, and

Charter Bank, S.B.

- Permitted, March 2, 1998 

St. Louis
H.2

March 1, 1998 to March 7, 1998

Page 4

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

One Valley Bancorp, Inc., Charleston, West Virginia -- to acquire FFVA Financial

Corporation, Lynchburg, Virginia.

- Approved, March 5, 1998 

Richmond

Onward Bancshares, Inc., Maquoketa, Iowa -- to acquire Gateway State Bank,

Clinton, Iowa.

- Approved, March 4, 1998 

Chicago

PSB BancGroup, Inc., Lake City, Florida -- to acquire Peoples State Bank.

- Approved, March 5, 1998 

Atlanta

Transpecos Financial Corp., Iraan, Texas -- to acquire Iraan State Bank.

- Approved, March 4, 1998 

Dallas

Community First Bank and Trust, Celina, Ohio -- to merge with The Union State

Bank, Payne, Ohio, and to establish branches.

- Approved, March 4, 1998 

BANK MERGERS

Cleveland

Chase Trust Company of California, San Francisco, California -- registration as

transfer agent.

- Withdrawn, March 3, 1998 

BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS

Director, BS&R

Mercantile Bank, Overland Park, Kansas -- payment of a dividend.

- Approved, March 5, 1998 

BANKS, STATE MEMBER

Kansas City
H.2

March 1, 1998 to March 7, 1998

Page 5

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Huntington Bancshares, Inc., Huntington, Texas -- redemption of shares.

- Approved, March 5, 1998 

CAPITAL STOCK

Dallas

Citizens Bankers, Inc., Baytown, Texas -- change in bank control.

- Permitted, March 3, 1998 

CHANGE IN BANK CONTROL

Dallas

Citizens State Agency of Tyler, Inc., Tyler, Minnesota -- change in bank control.

- Permitted, March 3, 1998 

Minneapolis

Bank Colorado, N.A., Cortez, Colorado -- report on competitive factors of the

proposed merger with State Bank and Trust of Colorado, N.A., Steamboat Springs,

Colorado.

- Submitted, March 2, 1998 

COMPETITIVE FACTORS REPORTS

Kansas City

Bank Colorado, N.A., Cortez, Colorado -- report on competitive factors of the

proposed merger with First National Bank of Colorado, Steamboat Springs,

Colorado.

- Submitted, March 2, 1998 

Kansas City

First American Bank, National Association, Alexandria, Minnesota -- report on

competitive factors of the proposed merger with New First American Bank, National

Association.

- Submitted, March 6, 1998 

Minneapolis
H.2

March 1, 1998 to March 7, 1998

Page 6

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

First American Bank, National Association, Crookston, Minnesota -- report on

competitive factors of the proposed merger with New First American Bank, National

Association.

- Submitted, March 6, 1998 

Minneapolis

First American Bank, National Association, Detroit Lakes, Minnesota -- report on

competitive factors of the proposed merger with New First American Bank, National

Association.

- Submitted, March 6, 1998 

Minneapolis

First American Bank, National Association, St. Cloud, Minnesota -- report on

competitive factors of the proposed merger with New First American Bank, National

Association.

- Submitted, March 6, 1998 

Minneapolis

First American Bank, National Association, Minot, North Dakota -- report on

competitive factors of the proposed merger with New First American Bank, National

Association.

- Submitted, March 6, 1998 

Minneapolis

Midwood Federal Savings Bank, Brooklyn, New York -- report on competitive

factors of the proposed merger with Midwood Federal Credit Union, Brooklyn, New

York.

- Submitted, March 2, 1998 

New York

North American Savings Bank, FSB, Gandview Missouri -- report on competitive

factors of the proposed merger with NASB Interim Savings Bank, FSB, Grandview,

Missouri

- Submitted, March 3, 1998 

Kansas City
H.2

March 1, 1998 to March 7, 1998

Page 7

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Premier Bank, Atlanta, Georgia -- report on competitive factors of the proposed

merger with Lanier Bank and Trust Company, Cumming, Georgia.

- Submitted, March 4, 1998 

Atlanta

USTrust, Boston, Massachusetts -- report on competitive factors of the proposed

merger with Somerset Savings Bank, Somerville, Massachusetts.

- Submitted, March 6, 1998 

Boston

Anteilsverwaltung-Zentralsparkasse Aktiengesellschaft, Vienna, Austria, Bank

Austria Aktiengesellschaft, and Creditanstalt AG -- extension of time for Bank

Austria and Creditanstalt to comply with the home state provisions in Regulation K.

- Granted, March 6, 1998 

EXTENSIONS OF TIME

Director, BS&R

BOR Bancshares, Inc., Rogers, Arkansas -- extension to April 3, 1998, to acquire

Bank of Rogers.

- Granted, March 4, 1998 

St. Louis

Citizens Bancshares, Inc., Salineville, Ohio -- extension to June 8, 1998, to acquire

Unibank, Steubenville, Ohio, and merge it with The Citizens Banking Company,

Salineville, Ohio.

- Granted, March 2, 1998 

Cleveland

Commercial BancShares, Inc., Parkersburg, West Virginia -- extension to April 8,

1998, to acquire Gateway Bancshares, Inc., McMechen, West Virginia.

- Granted, March 6, 1998 

Richmond
H.2

March 1, 1998 to March 7, 1998

Page 8

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Riverside Banking Company, Fort Pierce, Florida -- extension to June 4, 1998, to

acquire shares of Riverside Gulf Coast Banking Company, Cape Coral, Florida.

- Granted, March 3, 1998 

Atlanta

South Branch Valley Bancorp, Inc., Moorefield, West Virginia -- extension to June

5, 1998, to acquire Capital State Bank, Inc., Charleston, West Virginia.

- Granted, March 4, 1998 

Richmond

Unibank, Steubenville, Ohio -- extension to June 8, 1998, to merge with The

Citizens Banking Company, Salineville, Ohio.

- Granted, March 2, 1998 

Cleveland

Western Bancorp, Newport Beach, California -- extension to divest certain property.

- Granted, March 4, 1998 

San Francisco

Farmers Bank, Hardinsburg, Kentucky -- to become a member of the Federal

Reserve System, and to retain branches at their current locations. 

- Approved, March 2, 1998 

MEMBERSHIP

St. Louis
H.2

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS

UNDER DELEGATED AUTHORITY

Additions/Corrections

Community Bank, Inc., Millersburg, Pennsylvania -- to acquire The Peoples State

Bank, East Berlin, Pennsylvania.

- Approved, February 23, 1998 

BANK HOLDING COMPANIES

Philadelphia

Inland Northwest Bancorporation, Inc., Spokane, Washington -- to engage in lending

activities through the acquisition of Hege Company, Inc., (dba Creative Mortgages).

- Permitted, February 27, 1998 

San Francisco

Systems of records -- request for comment on proposal to amend two systems of

records, entitled Individuals Who Extend Margin Credit (BGFRS-16) and Municipal

or Government Securities Principals and Representatives (BGFRS-17)

- Approved, February 26, 1998 

REGULATIONS AND POLICIES

Secretary
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week of March 7, 1998 

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of 1998

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Chase Manhattan Bank, New York, New York to establish a 04/01/98

branch office at the A&P supermarket located at Route 202 &

Rosman Toad, Garnerville, New York.*

Branch European American Bank, New York, New York, to establish 04/02/98

branch offices at the following Edward supermarket locations: 1)

1108 Route 112, Port Jefferson, New York; 2) 248 East Sunrise

Highway, Freeport, New York; 3) 60 Loehmann Plaza, Lake

Grove, New York; and 4) 603 Burnside Avenue, Inwood, New

York.*

* Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

4(c)(8) HUBCO, Inc., Mahwah, New Jersey, to acquire 100 percent of the 04/02/98 1/

outstanding common stock of MSB Bancorp, Inc., and its federally

chartered savings bank subsidiary, MSB Bank, both of Goshen, New

York.

1/ Later of dates specified in newspaper and Federal Register notices.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Deutsche Bank AG, Frankfurt am Main, Federal Republic of N/Avail

Germany, to engage de novo in management consulting through a tobe-established U.S. subsidiary of its indirect subsidiary, Roland

Berger & Partner Holding GmbH, Federal Republic of Germany.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Community Bank & Trust Company, Forest City, PA, to 3/20/98

establish a branch office at 125 North State Street, Clarks

Summit, PA.

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

Type Application comment period

Ending date of 

3(a)(3) Citizens & Northern Corporation, Ralston, PA to acquire up to Newspaper - N/Avail

9.9 precent of the stock of First National Bank of Canton, Canton, Fed. Reg. - N/Avail

PA.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

1479470 Woodlands Bank 9/29/97 3/4/98 Satisfactory Small

2450 East Third Street

Williamsport, PA, 17701

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 of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18C/5D3/Branch Received application from Fifth Third Bank, Cincinnati, OH on 3/26/98

February 25, 1998, to merge with Century Bank, Upper

Arlington, OH and establish branches.

18C/5D3/Branch Received application from The Fifth Third Bank of Columbus, 3/26/98

Columbus, OH on February 25, 1998, to merge with State

Savings Bank, Columbus, OH and establish branches.

18C/Branch Received application from The Fifth Third Bank of Columbus, 3/26/98

Columbus, OH on February 25, 1998, to acquire a branch of

Fifth Third Bank, Cincinnati, OH located at 1720 Zollinger Rd.,

Upper Arlington, OH and to establish a branch.

18C/Branch Received application from The Fifth Third Bank of Kentucky, N/Avail

Inc., Louisville, Ky on Narch 4, 1998, to merge with Fifth Third

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

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

branches.

18C/Branch Received application from Fifth Third Bank of Central Kentucky, N/Avail

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

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

18C/Branch Received application from Fountain Square Bank of Southern N/Avail

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

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

establish branches.

Membership Received applicaiton from Fifth Third Bank of Central Kentucky, N/Avail

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

Federal Reserve System.

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

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

member of the Federal Reserve System.
Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

4C8/OAKAR Received application from Fifth Third Bancorp, Cincinnati, OH Newspaper - 3/26/98

on February 25, 1998, to acquire State Savings Company,

Columbus, OH.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

Received notice from Commerce Exchange Corporation, Beachwood, None

OH on March 4, 1998, of its intent to acquire a 3.85 percent equity

investment in Preferred Capital, Inc., Brecksville, OH and to engage

in leasing activities as permitted pursuant to Section 225.28(b)(3) of

Regualtion Y.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

504311 Genoa Banking Company 11/17/97 3/2/98 Outstanding Small Bank

P.O. Box 98

Genoa, OH 43430

604024 The Minster State Bank 12/15/97 3/3/98 Outstanding Small Bank

96 West Fourth Street

Minster, OH 45885
Section VI - CRA examinations scheduled for 2nd Quarter of 1998

Institution Location

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

Enterprise Bank 6150 Enterprise Parkway, Solon, OH 44139

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

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

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

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

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

Federal Reserve Bank of Richmond

Applications and notifications filed during the week of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Highlands Union Bank, Abingdon, Virginia, to establish a branch at 3/26/98

506 Maple Street, Glade Spring, Virginia.*

Branch Centura Bank, Rocky Mount, North Carolina, to establish a branch in 3/28/98

the Hannaford Brothers Store located at 4821 Long Beach Road SE,

Southport, North Carolina.*

Branch Centura Bank, Rocky Mount, North Carolina, to establish a branch in 3/28/98

the Hannaford Brothers Store located at 3804 Oleander Drive,

Wilmington, North Carolina.*

Branch Centura Bank, Rocky Mount, North Carolina, to establish a branch in 3/28/98

the Hannaford Brothers Store located at 5601 High Street West,

Portsmouth, Virginia.*

Branch Centura Bank, Rocky Mount, North Carolina, to establish a branch in 3/28/98

the Hannaford Brothers Store located at 5237 Providence Road, Suite

975, Virginia Beach, Virginia.*

Branch Centura Bank, Rocky Mount, North Carolina, to establish a branch in 3/28/98

the Hannaford Brothers Store located at 101 Village Avenue,

Yorktown, Virginia.*

Branch Crestar Bank, Richmond, Virginia, to establish a branch in the Potomac 4/2/98

Run Shopping Center at the intersection of Harry Byrd Highway and

Bartholomew Fair Drive, Sterling, Virginia.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

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

Burnie Bancorp, Glen Burnie, Maryland.* Fed Reg - N/Avail
Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

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

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

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

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

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

208329 First Virginia Bank-Southwest 10/6/97 3/2/98 Satisfactory Large Bank

6625 Williamson Road, NW

Roanoke, Virginia 24019

679125 First Virginia Bank 10/6/97 3/6/98 Satisfactory Large Bank

6400 Arlington Boulevard

Falls Church, Virginia 22042

624826 First Virginia Bank-Blue Ridge 10/27/97 3/7/98 Satisfactory Large Bank

125 North Central Avenue

Staunton, Virginia 24402

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 of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

CIC Altamaha Bancshares, Inc., Uvalda, Georgia, after-the-fact change in N/Avail

control notice filed by Ms. Mae Rowland Jones to retain 20.42

percent of the outstanding shares of common stock of Altamaha

Bancshares, Inc., Uvalda, Georgia.

3(a)(1) State of Franklin Bancshares, Inc., Johnson City, Tennessee, to N/Avail

become a bank holding company by acquiring State of Franklin

Savings Bank, Johnson City, Tennessee.*

3(a)(3) Cumberland Bancorp, Inc., Carthage, Tennessee, to acquire The Bank Fed Reg - 4/02/98

of Mason, Mason, Tennessee.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

COM AmTrade International Bank of Georgia, Atlanta, Georgia,

commitment waiver request.
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None 

Section VI - CRA examinations scheduled for Quarter of 1998

Institution Location

None
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Citizens Bank Newspaper - 3/31/98

Flint, Michigan

 5050 Marsh Road, Suite 1

 Okemos, Michigan

Branch Comerica Bank Newspaper - 3/27/98

Detroit, Michigan

 6425 28th Street

 Cascade, Michigan

Branch First American Bank Newspaper - 3/28/98

Ames, Iowa

 520 Grand Avenue

 Ames, Iowa

Branch Community Bank of Elmhurst Newspaper - 4/6/98

Elmhurst, Illinois

 106 Schiller Street

 Elmhurst, Illinois

Branch Security State Bank Newspaper - 3/13/98

Hartley, Iowa

 117 S. Central Avenue

 Hartley, Iowa

Branch NAB Bank Newspaper - 3/31/98

Chicago, Illinois

 665 Pasquinelli Drive, Unit B104

 Westmont, Illinois

Branch Old Kent Bank Newspaper - 3/21/98

Grand Rapids, Michigan

 2280 Big Beaver Road

 Troy, Michigan

Newspaper - Newspaper Comment Period Ending Date
Section II - Applications subject to both newspaper and Federal Register notice

Type Application comment period

Ending date of 

3(a)(1) LB Bancorp, Inc.* Fed Reg - 3/13/98

Milwaukee, Wisconsin Newspaper - 3/6/98

 Liberty Bank

 Milwaukee, Wisconsin

3(a)(1) First Midwest Acqusition Corporation* Fed Reg - 3/20/98

Itasca, Illinois Newspaper - 3/16/98

 Heritage Financial Services, Inc.

 Tinley Park, Illinois

 Heritage Bank

 Blue Island, Illinois

3(a)(3) First Midwest Bancorp, Inc.* Fed Reg - 3/20/98

Itasca, Illinois Newspaper - 3/16/98

 Heritage Financial Services, Inc.

 Tinley Park, Illinois

 Heritage Bank

 Blue Isalnd, Illinois

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

Grand Rapids, Michigan Newspaper - N/Avail

 Founders Trust Personal Bank

 Grand Rapids, Michigan

3(a)(1) Central Iowa Bancorporation* Fed Reg - 3/30/98

Iowa City, Iowa Newspaper - N/Avail

 Conrad Bancorporation

 Conrad, Iowa

 First State Bank

 Conrad, Iowa

3(a)(3) ISB Financial Corp* Fed Reg - 3/30/98

Iowa City, Iowa Newspaper - N/Avail

 Conrad Bancorporation

 Conrad, Iowa

 First State Bank

 Conrad, Iowa

3(a)(3) The Baraboo Bancorporation, Inc.* Fed Reg - N/Avail

Baraboo, Wisconsin Newspaper - 3/25/98

 State Bank of Wonewoc

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

Type Application comment period

Ending date of 

3(a)(1) First Neighborhood Bancshares, Inc. Fed Reg - N/Avail

Employee Stock Ownership Plan* Newspaper - N/Avail

Toledo, Illinois

 First Neighborhood Bancshares, Inc.

 Toledo, Illinois

 First State Bank of Newman

 Newman, Illinois

 First National Bank of Toledo

 Toledo, Illinois

 Greenup National Bank

 Greenup, Illinois

CIC Decatur Corporation Fed Reg - 3/19/98

Leon, Iowa Newspaper - N/Avail

 By Julie Hamann Bunderson

CIC Northwest Iowa Bancorporation Fed Reg - 3/19/98

LeMars, Iowa Newspaper - N/Avail

 By William A. Krause

Fed Reg - Federal Register Comment Period Ending Date

Newspaper - Newspaper Comment Period Ending Date

N/Avail - Not Available at this time

* - Subject to provision of the Community Reinvestment Act

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Stichting Prioriteit ABN AMRO Holding Fed Reg - 3/24/98

Amsterdam, The Netherlands

 CheckFree Corporation

 Norcross, Georgia

4(c)(8) Stichting Administratiekantoor ABN AMRO Holding Fed Reg - 3/24/98

Amstedam, The Netherlands

 CheckFree Corporation

 Norcross, Georgia

4(c)(8) ABN AMRO Bank, N.V. Fed Reg - 3/24/98

Amsterdam, The Netherlands

 CheckFree Corporation

 Norcross, Georgia
Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) ABN AMRO Holding, N.V. Fed Reg - 3/24/98

Amsterdam, The Netherlands

 CheckFree Corporation

 Norcross, Georgia

4(c)(8) ABN AMRO North America, Inc. Fed Reg - 3/24/98

Chicago, Illinois

 CheckFree Corporation

 Norcross, Georgia

4(c)(8) Stichting Prioriteit ABN AMRO Holding Fed Reg - N/Avail

Amsterdam, The Netherlands

 Sage Clearing Limited Partnership

 Sage Clearing Corporation

4(c)(8) Stichting Administratiekantoor ABN AMRO Holding Fed Reg - N/Avail

Amsterdam, The Netherlands

 Sage Clearing Limited Partnership

 Sage Clearing Corporation

4(c)(8) ABN AMRO Bank, N.V. Fed Reg - N/Avail

Amsterdam, The Netherlands

 Sage Clearing Limited Partnership

 Sage Clearing Corporation

4(c)(8) ABN AMRO Holding, N.V. Fed Reg - N/Avail

Amsterdam, The Netherlands

 Sage Clearing Limited Partnership

 Sage Clearing Corporation

4(c)(8) First Midwest Acquisition Corporation Fed Reg - 3/20/98

Itasca, Illinois

 Heritage Trust Company

 Tinley Park, Illinois

Fed Reg - Federal Register Comment Period Ending Date 

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

Type Application comment period

Ending date of 

None
Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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 of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Notice by Farmers and Merchants Bank, Hannibal, Missouri, 3/28/98

to establish a branch at 3914 Market Street, Hannibal, Missouri.*

Branch Notice by Fifth Third Bank of Kentucky, Inc., Louisville, 3/25/98

Kentucky, to establish a branch at Hamburg Place, I-75 and Mano-War Boulevard, Lexington, Kentucky.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application comment period

Ending date of 

CIC Notice involving P & W Bancshares, Inc., Little Rock, Arkansas, 3/25/98

by South Beach Limited Partnership, Little Rock, Arkansas

(previously reported during the week of February 16, 1998).

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Notice by New Independent Bancshares, Inc., New Washington, 3/25/98

Indiana, to establish New Washington Reinsurance Company, Ltd.,

New Washington, Indiana (to be incorporated in the Turks and

Caicos Islands), and thereby indirectly engage, de novo, in the

reinsurance of credit life, credit health and accident insurance sold

in connection with extensions of credit by New Independent

Bancshares, Inc.'s subsidiary bank (previously reported during the

week of February 23, 1998).
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 9

Federal Reserve Bank of Minneapolis

Applications and Notifications Filed During the Week of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

18(c) & Branch American Bank of Montana, Bozeman, Montana, for prior N/Avail

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

Montana, and incident thereto establish a branch.*

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application period

Ending date of comment

3(a)(1) N.A. Corporation, Roseville, Minnesota, for prior approval to Fed Reg - 3/23/98

become a bank holding company through the acquisition of 100%

of the voting shares of North American Banking Company,

Roseville, Minnesota, a de novo bank.*

*Subject to the provisions of the Community Reinvestment Act.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) U.S. Bancorp, Minneapolis, Minnesota, to engage in underwriting 3/24/98

and dealing in, to a limited extent, all types of debt and equity

securities other than shares of open-end investment companies;

extending credit and servicing loans; activities related to extending

credit; leasing personal or real property; trust activities; financial and

investment advice; providing securities brokerage, riskless principal,

private placement, futures commission merchant, and other agency

transactional services; underwriting and dealing in government

obligations and other obligations that state member banks may

underwrite and deal in, engaging in investing and trading activities,

and buying and selling bullion and related activities; management

consulting and counseling; insurance agency activities; providing

administrative services to open-end investment companies; acting as

the general partner of private investment limited partnerships in

accordance with the Bank Holding Company Act and the Board's

decisions thereunder; and operating a broker/dealer business in the

United Kingdom through the acquisition of Piper Jaffray Companies,

Inc., Minneapolis, Minnesota, and its subsidiaries.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of

None

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA

number Institution/ Location date public date rating Exam type

None

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

3(a)(3) Bethany Bancshares, Inc., Bethany, Missouri, for prior approval Newspaper - N/Avail

to acquire up to 100 percent of the voting shares of Gallatin/New Fed Reg - 03/23/98

Hampton Bancshares, Inc., Albany, Missouri; and thereby

indirectly acquire Bank of Gallatin/First State Bank, Gallatin,

Missouri.

3(a)(1) Mid-America Bancorp, Inc., Jewell, Kansas, for prior approval to Newspaper - N/Avail

become a bank holding company through the acquisition of 100 Fed Reg - 03/30/98

percent of the voting shares of Heartland Bank, N.A., Jewell,

Kansas.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

4(c)(8) Bancshares of Missouri, Kearney, Missouri, to retain its investment Fed Reg - N/Avail

in Jesse James Festival Grounds, LLC, Kearney, Missouri, and to

continue to indirectly engage in a lending activity.
Section IV - Applications not subject to Federal Register or newspaper notice

Type Application comment period

Ending date of 

Membership State Bank of Pretty Prairie, Pretty Prairie, Kansas, for membership in

the Federal Reserve System.

Section V - Availability of CRA public evaluations

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

institutions for which an evaluation is publicly available.

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

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

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

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

CRA.:

Outstanding

Satisfactory

Needs to Improve

Substantial noncompliance

RSSD Examination CRA CRA

number Institution/ Location date public date rating

10858 Platte Valley State Bank & Trust Company 12/08/97 03/02/98 Satisfactory

2222 1st Avenue

Kearney, Nebraska 68847-5309

884059 Shoshone First Bank 12/01/97 03/03/98 Outstanding

1401 Sheridan Avenue

Cody, Wyoming 82414-3629

353359 Colorado Mountain Bank 12/01/97 03/04/98 Satisfactory

1000 Main Street

Westcliffe, Colorado 81252

Section VI - CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

None

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

Type Application comment period

Ending date of 

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

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

and simultaneously acquire South Central Texas Bancshares, Inc.,

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

Texas Bank, La Grange, TX

3(a)(3) Keene Bancorp, Inc., 401(k) Employee Stock Ownership Plan & Newspaper - 3/25/98

Trust, Keene, TX, to acquire Keene Bancorp, Inc., Keene, TX, and

First State Bank, Keene, TX

3(a)(5) Cullen/Frost Bankers, San Antonio, TX, to acquire Overton Newspaper - 3/30/98

Bancshares, Inc., Fort Worth, TX, and Overton Bank & Trust,

N.A., Fort Worth, TX

N/Avail - Not available at this time.

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of 

None

Section V - Availability of CRA public evaluations

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA 

number Institution/Location date public date rating Exam type

726953 United Texas Bank 12/1/97 3/9/98 Satisfactory Small Bank

12222 Merit Drive, Suite 100

Dallas, TX 75251

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 of March 7, 1998

Section I - Applications subject to newspaper notice only

Type Application comment period

Ending date of 

Branch Community Bank of Nevada, Las Vegas, Nevada, to establish a Newspaper - 3/23/98

branch office at 7676 W. Lake Mead Boulevard, Las Vegas,

Nevada.*

*Subject to the provisions of the Community Reinvestment Act

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

Type Application period

Ending date of comment

3(a)(3) Belvedere Capital Partners, Inc., California Community Financial Newspaper - 3/28/98

Institutions Fund Limited Partnership, and Belvedere Bancorp, all Fed Reg - 3/27/98

of San Francisco, California, to acquire National Business Bank

(In Organization), Torrance, California. *

*Subject to the provisions of the Community Reinvestment Act 

Section III - Applications subject to Federal Register notice only

Type Application comment period

Ending date of 

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

Type Application comment period

Ending date of

Waiver The Pacific Bank, N.A., San Francisco, California, requests a waiver None

of any Bank Holding Company Act application requirement in

connection with its proposed merger of Sterling West Bancorp, and

Sterling Bank, both of Los Angeles, California.

Waiver BYL Bancorp, Yorba Linda, California, requests a waiver of any None

Bank Holding Company Act application requirement in connection

with its proposed merger of DNB Financial, and De Anza National

Bank, both of Riverside, California. As a result, De Anza National

Bank will be merged into Bank of Yorba Linda, Yorba Linda,

California.

Section V - Publicly available CRA evaluations

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

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

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

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

revised in May 1995.

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

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

facilities.

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

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

CRA:

Outstanding

Satisfactory

Needs to improve

Substantial noncompliance

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

RSSD Examination CRA CRA Large Small

number Institution/ Location date public date rating bank bank

Exam type

None
Section VI - CRA examinations scheduled Quarter of

Institution Location

None