Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 48

Week Ending December 2, 2006

Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2 Board Actions November 26, 2006 to December 2, 2006

Advisory Councils

Thrift Institutions Advisory Council -- appointment of five new members and 

designation of David Russell Taylor as president and F. Weller Meyer as vice 

president for 2007.

- Announced, November 29, 2006 

Publications

Adjustable Rate Mortgages -- notice announcing the availability of a revised 

Consumer Handbook on Adjustable Rate Mortgages.

- Approved, November 28, 2006 

Regulations And Policies

Government Accountability Office -- response to the GAO report, "Minority 

Banks: Regulators Need to Better Assess Effectiveness of Support Efforts."

- Approved, November 28, 2006 

Government Accountability Office -- response to the GAO report, "Credit Cards: 

Increased Complexity in Rates and Fees Heightens Need for More Effective 

Disclosures to Consumers."

- Approved, November 28, 2006 

(AC) = Addition or Correction Board - Page 1 of 1
November 26, 2006 to December 2, 2006

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

Banco Popular North America, New York, New York -- to establish branches at 2 

South Orange Avenue, Orlando, Florida, and 8885 South Dadeland Boulevard, 

Miami.

- Approved, November 30, 2006 

New York

Bank Iowa, Altoona, Iowa -- to establish a branch at 5525 Merle Hay Road, Suite 

195, Johnston.

- Approved, November 30, 2006 

Chicago

Bank of Nichols Hills, Oklahoma City, Oklahoma -- to establish a branch at 7400 

North Western Avenue.

- Approved, November 27, 2006 

Kansas City

Bank of the West, El Paso, Texas -- to establish a branch at 4717 Hondo Pass Drive.

- Approved, November 29, 2006 

Dallas

Citizens Bank, Flint, Michigan -- to establish a branch at 4321 West College 

Avenue, Appleton, Wisconsin.

- Approved, November 30, 2006 

Chicago

SunTrust Bank, Atlanta, Georgia -- to establish branches at 12410 Fairwood 

Parkway, Bowie, Maryland, and 24 Kent Town Market, Chester.

- Approved, November 30, 2006 

Secretary

(AC) = Addition or Correction Delegated - Page 1 of 6
H.2 Actions under delegated authority November 26, 2006 to December 2, 2006

Bank Holding Companies

Bank of Montreal, Montreal, Canada; Harris Financial Corp., Chicago, Illinois; and 

Harris Bankcorp, Inc. -- to acquire First National Bank & Trust, Kokomo, Indiana.

- Approved, December 1, 2006 

Chicago

Beacon Bancorp, Taunton, Massachusetts -- to acquire Randolph Bancorp, 

Stoughton, and Randolph Savings Bank, Randolph.

- Withdrawn, November 30, 2006 

Boston

Belvedere Capital Fund II L.P., San Francisco, California, Belvedere Capital 

Partners II LLC, and Belvedere Texas Holdings L.P., Houston, Texas -- to acquire 

up to 49 percent of the shares of Green Bancorp, Inc., Houston, and thereby acquire 

Redstone Bank, N.A.

- Approved, November 28, 2006 

Secretary

Cabool State Bank Employee Stock Ownership Plan, Cabool, Missouri -- to become 

a bank holding company and to acquire 28.7 percent of the shares of Cabool 

Bancshares, Inc. and thereby acquire Cabool State Bank.

- Approved, November 27, 2006 

St. Louis

Capitol Bancorp Ltd., Lansing, Michigan -- to acquire 51 percent of the shares of 

Bank of Tacoma, Tacoma, Washington, a de novo bank; and for Capitol 

Development Bancorp Limited VI, Lansing, to become a bank holding company 

and to acquire 51 percent of the shares of Bank of Tacoma.

- Approved, December 1, 2006 

Chicago

Century Bancshares, Inc., Schaller, Iowa -- to engage de novo in extending credit 

and servicing loans.

- Approved, November 30, 2006 

Chicago

(AC) = Addition or Correction Delegated - Page 2 of 6
H.2 Actions under delegated authority November 26, 2006 to December 2, 2006

Bank Holding Companies

Conestoga Bancorp, Inc., Chester Springs, Pennsylvania -- to acquire PSB Bancorp, 

Inc., Philadelphia; and for Conestoga Bank, Chester Springs, to merge with First 

Penn Bank, Philadelphia.

- Approved, December 1, 2006 

Philadelphia

First California Financial Group, Los Angeles, California -- to become a bank 

holding company and to acquire National Mercantile Bancorp and its subsidiaries, 

Mercantile National Bank and South Bay Bank, National Association, Torrance; 

and to merge with FCB Bancorp, Camarillo, and thereby acquire its subsidiary, First 

California Bank.

- Approved, November 27, 2006 

San Francisco

Glacier Bancorp, Inc., Kalispell, Montana -- relief from a commitment.

- Granted, November 29, 2006 

Director, BS&R

Green Bancorp, Inc., Houston, Texas -- to acquire Redstone Bank, N.A.

- Approved, November 28, 2006 

Secretary

Olney Bancshares of Texas, Inc., Olney, Texas, and Olney Bancorp of Delaware, 

Inc., Wilmington, Delaware -- to acquire InterBank, Inc., Sayre, Oklahoma, and 

InterBank, El City.

- Approved, November 30, 2006 

Dallas

Olympic Bancorp, Inc., Port Orchard, Washington -- waiver of application to 

acquire MarinerBank, Port Townsend, in connection with the merger of Olympic 

Bancorp's subsidiary, Kitsap Bank, Port Orchard, and MarinerBank, Port Townsend.

- Granted, November 29, 2006 

San Francisco

(AC) = Addition or Correction Delegated - Page 3 of 6
H.2 Actions under delegated authority November 26, 2006 to December 2, 2006

Bank Holding Companies

Oneida Financial MHC, Oneida, New York, and Oneida Financial Corp. -- waiver 

of application to merge Vernon Bank Corporation, Vernon, with The Oneida 

Savings Bank, Oneida; and simultaneously the merger of National Bank of Vernon, 

Vernon, with The Oneida Savings Bank and State Bank of Chittenango, 

Chittenango.

- Granted, November 30, 2006 

New York

The Royal Bank of Scotland Group plc, Edinburgh, Scotland; The Royal Bank of 

Scotland plc; RBSG International Holdings Ltd.; and Citizens Financial Group, 

Inc., Providence, Rhode Island -- waiver of application for Citizens Financial 

Group, Inc. to merge with GreatBanc, Inc., Lisle, Illinois, in connection with the 

merger of Citizens Financial Group's subsidiary, Charter One Bank, N.A., 

Cleveland, Ohio, with GreatBanc, Inc.'s subsidiaries, First National Bank, Chicago 

Heights, Illinois, GreatBank, Algonquin, and GreatBank Chicago, Skokie.

- Granted, November 27, 2006 

Boston

SouthEast Bancshares, Inc., Athens, Tennessee -- to become a bank holding 

company and to acquire SouthEast Bank & Trust.

- Approved, December 1, 2006 

Atlanta

Bank Mergers

Sun American Bank, Boca Raton, Florida -- to acquire certain assets and assume 

certain liabilities of Beach Bank, North Miami Beach.

- Approved, November 29, 2006 

Atlanta

Change In Bank Control

Armstrong Bancshares, Inc., Muskogee, Oklahoma -- change in bank control.

- Permitted, November 29, 2006 

Kansas City

Peregrine Corporation, Chaska, Minnesota -- change in bank control.

- Permitted, November 30, 2006 

Minneapolis

(AC) = Addition or Correction Delegated - Page 4 of 6
H.2 Actions under delegated authority November 26, 2006 to December 2, 2006

Change In Bank Control

Superior National Banc Holding Company, Superior, Wisconsin -- change in bank 

control.

- Permitted, November 30, 2006 

Minneapolis

Extensions Of Time

Banco Bilbao Vizcaya Argentaria, S.A., Bilbao, Spain -- extension to January 15, 

2007, to acquire State National Bancshares, Inc., Fort Worth, Texas; State National 

Bancshares of Delaware, Inc., Dover, Delaware; and State National Bank, Fort 

Worth, Texas.

- Granted, November 30, 2006 

New York

The First Bank and Trust Company, Lebanon, Virginia -- extension to July 12, 

2007, to establish a branch at 150 Peppers Ferry Road, Christiansburg.

- Granted, November 29, 2006 

Richmond

Gorham Bancorp, MHC, Gorham, Maine, and Gorham Bancorp, Inc. -- extension to 

December 30, 2006, to become a mutual bank holding company and a stock bank 

holding company, respectively, and to acquire Gorham Savings Bank.

- Granted, November 28, 2006 

Boston

M&P Community Bancshares, Inc. 401(K) Employee Stock Ownership Plan, 

Newport, Arkansas -- extension to February 23, 2007, to become a bank holding 

company and to acquire additional shares, for a total of 26.58 percent, of M&P 

Community Bancshares, Inc. and thereby acquire Greers Ferry Lake State Bank, 

Heber Springs, and Merchants & Planters Bank, Newport; and election to become a 

financial holding company.

- Granted, November 28, 2006 

St. Louis

(AC) = Addition or Correction Delegated - Page 5 of 6
H.2 Actions under delegated authority November 26, 2006 to December 2, 2006

Membership

Ohio Valley National Bank of Henderson, Henderson, Kentucky -- to become a 

member of the Federal Reserve System.

- Approved, November 30, 2006 

St. Louis

(AC) = Addition or Correction Delegated - Page 6 of 6
District: 1

Federal Reserve Bank of Boston

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

FBSEA

Not applicable

The Royal Bank of Scotland plc, Edinburgh, 12/03/2006

Scotland to establish a branch at 600

Steamboat Road, Greenwich, Connecticut

pursuant to section 211.24(a)(1) of Regulation

K.

ROYAL BANK OF SCOTLAND

PLC, THE

* Subject to the provisions of the Community Reinvestment Act
District: 1

Federal Reserve Bank of Boston

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 2

Federal Reserve Bank of New York

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

FBSEA

Not applicable

The Bank of Nova Scotia, Halifax, Canada 12/05/2006

("Nova Scotia"), requests prior approval from

the Board of Governors of the Federal Reserve

System to upgrade Nova Scotia's representative

office to a branch office in Houston, Texas,

pursuant to Section 211.24(a)(1)(i)(A) of

Regulation K.

BANK OF NOVA SCOTIA, THE

Newspaper:

Federal Register:

Investment Not applicable

Not applicable

Prior Notice by Citibank, N.A., headquartered

in New York, New York, and Citibank

Overseas Investment Corporation, New Castle,

Delaware for an investment in Citibank

International plc, London, England, pursuant

to 25A of the Federal Reserve Act and Section

211.9(f) of Regulation K.

CITIBANK, N.A.

Newspaper:

Federal Register:

Investment Not applicable

Not applicable

Prior Notice by Citibank, N.A., headquartered

in New York, New York, ("Citibank"),and

Citibank Overseas Investment Corporation,

New Castle, Delaware ("COIC"), pursuant to

Section 25A of the Federal Reserve Act and

Section 211.9(f)of Regulation K in connection

with COIC's investment in Grupo Finaciero

Uno, S.A., headquartered in Panama City,

Panama that is not eligible for the general

consent provision of Section 211.9(b)(2) of

Regulation K.

CITIBANK, N.A.

Newspaper:

Federal Register:

Investment Not applicable

Not applicable

JPMorgan Chase & Co., New York, New

York, provided 30 days' prior notice to the

Board, pursuant to Section 211.9(f) of

Regulation K, of its intention to make an

investments in its UK-based entities.

JPMORGAN CHASE & CO.

* Subject to the provisions of the Community Reinvestment Act
District: 2

Federal Reserve Bank of New York

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 3

Federal Reserve Bank of Philadelphia

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A1

* 3A5

12/26/2006

12/26/2006

EHPW Acquisition Company, Harrisburg, PA,

to form a bank holding company by acquiring

Vartan National Bank, Harrisburg, PA,

pursuant to Section 3(a)(1) of the Bank

Holding Company Act. In addition, EHPW

Acquisition Company, Harrisburg, PA, to

acquire Vartan Financial Corporation,

Harrisburg, PA, pursuant Section 3(a)(5) of the

Bank Holding Company Act.

EHPW ACQUISITION

COMPANY

* Subject to the provisions of the Community Reinvestment Act
District: 3

Federal Reserve Bank of Philadelphia

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 4

Federal Reserve Bank of Cleveland

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

CIC Not available

11/22/2006

Notice of Change in Bank Control filed by the

Reckman Group of their intent to acquire up to

96.50 percent of the outstanding voting shares

of Columbia Bancorp, Inc., Cincinnati, Ohio.

COLUMBIA BANCORP, INC

Newspaper:

Federal Register:

* 3A3 12/11/2006

12/11/2006

First Corbin Bancorp, Inc., Corbin, Kentucky,

proposes to acquire Boone National Bank,

Burlington, KY and the following bank

holding companies and their subsidiary banks:

Tri-County Bancorp, Inc., Corbin, KY

(Tri-County National Bank, Corbin, KY);

Laurel Bancorp, Inc., Corbin, KY (Laurel

National Bank, London, KY); Williamsburg

Bancorp, Inc., Corbin, KY (Williamsburg

National Bank, Williamsburg, KY);

Campbellsville Bancorp, Inc., Corbin, KY

(Campbellsville National Bank,

Campbellsville, KY); PRP Bancorp, Inc.,

Corbin, KY (PRP National Bank, Pleasure

Ridge Park, KY); Somerset Bancorp, Inc.,

Corbin, KY (Somerset National Bank,

Somerset, KY); and Green County Bancshares,

Inc., Corbin, KY, (Deposit Bank & Trust,

Greensburg, KY)

FIRST CORBIN BANCORP,

INC.

Newspaper:

Federal Register:

CIC Not available

12/05/2006

Notice of Change in Bank Control on behalf of

Mr Thurman Mathews and Mrs Rose Marie

Mathews. The Mathews' became the single

largest shareholder group owning in excess of

10% of Ohio State Bancshares, Inc, Marion,

Ohio.

Notice of Change in Bank Control on behalf of

Mr Thurman Mathews and Mrs Rose Marie

Mathews. The Mathews' became the single

largest shareholder group owning in excess of

10% of Ohio State Bancshares, Inc, Marion,

Ohio.

OHIO STATE BANCSHARES,

INC.

Newspaper:

Federal Register:

* 3A5 Not available

12/26/2006

PNC Financial Services Group, Inc.,

Pittsburgh, Pennsylvania, to acquire 100

percent of Mercantile Bankshares Corporation,

Baltimore,Maryland, and thereby indirectly

acquire Marshall National Bank and Trust

Company, Marshall, Virginia, The National

Bank of Fredricksburg, Fredricksburg,

Virginia, The Annapolis Banking and Trust

Company, Annapolis, Maryland, Mercantile

Eastern Shore Bank, Kent, Maryland,

Westminster Union Bank, Carroll, Maryland,

Mercantile County Bank, Cecil, Maryland,

Mercantile Southern Maryland Bank,

Leonardtown, Maryland, The Citizens

National Bank, Laurel, Maryland, Mercantile

Peninsula Bank, Selbyville, Delaware, Farmers

& Mechanics Bank, Frederick, Maryland, and

Mercantile-Safe Deposit and Trust Company,

Baltimore, Maryland.

PNC FINANCIAL SERVICES

GROUP, INC., THE

* Subject to the provisions of the Community Reinvestment Act
District: 4

Federal Reserve Bank of Cleveland

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 5

Federal Reserve Bank of Richmond

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch

Not applicable

First Capital Bank, Glen Allen, Virginia, 12/15/2006

proposes to establish a branch at 901 East Cary

Street, Richmond, Virginia.

FIRST CAPITAL BANK

Newspaper:

Federal Register:

* Branch

Not applicable

Middleburg Bank, Middleburg, Virginia, 12/08/2006

proposes to establish a branch at 8383 West

Main Street, Marshall, Virginia.

MIDDLEBURG BANK

* Subject to the provisions of the Community Reinvestment Act
District: 5

Federal Reserve Bank of Richmond

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 6

Federal Reserve Bank of Atlanta

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

FBSEA Not available

Not applicable

Caja de Ahorros de Valencia, Castellon y

Alicante (Bancaja), Valencia, Spain, to convert

an international agency to a branch office in

Miami, Florida.

CAJA DE AHORROS DE

VALENCIA, CASTELLON Y

ALICANTE, BANCAJA

Newspaper:

Federal Register:

3A1 Not applicable

Not applicable

Highland Financial Services, Inc., notice to

become a bank holding company by acquiring

100 percent of the outstanding shares of

Highland Commercial Bank, both of Marietta,

Georgia.

HIGHLAND FINANCIAL

SERVICES, INC.

Newspaper:

Federal Register:

* Branch

Not applicable

IBERIABANK, Lafayette, Louisiana, to 12/09/2006

establish a branch located at Camellia

Boulevard and West Kaliste Saloom Road,

Lafayette, Louisiana.

IBERIABANK

Newspaper:

Federal Register:

4c8 Not applicable

Not applicable

IBERIABANK Corporation, Lafayette,

Louisiana, to acquire 100 percent of the

outstanding shares of Southern Mortgage

Corporation, Tulsa, Oklahoma, and thereby

engage in making, acquiring, brokering, or

servicing loans or other extensions of credit.

IBERIABANK CORPORATION

Newspaper:

Federal Register:

* 3A3 Not available

Not available

IBERIABANK Corporation, Lafayette,

Louisiana, to acquire 100 percent of the

outstanding shares of Pulaski Investment

Corporation, and thereby acquire its subsidiary,

Pulaski Bank & Trust Company, both of Little

Rock, Arkansas.

IBERIABANK CORPORATION

Newspaper:

Federal Register:

* 3A1 Not available

01/02/2007

Piedmont Community Bank Group, Inc., Gray,

Georgia, to become a bank holding company

by acquiring 100 percent of the outstanding

shares of Piedmont Community Bank, Gray,

Georgia.

PIEDMONT COMMUNITY

BANK GROUP, INC.

Newspaper:

Federal Register:

* 3A1 Not available

Not available

Signature Bancshares, Inc., Sandy Springs,

Georgia, to become a bank holding company

by acquiring 100 percent of the outstanding

shares of Signature Bank of Georgia,

Dunwoody, Georgia.

SIGNATURE BANCSHARES,

INC.

* Subject to the provisions of the Community Reinvestment Act
District: 6

Federal Reserve Bank of Atlanta

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 7

Federal Reserve Bank of Chicago

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch

Not applicable

Citizens Bank, Flint, Michigan, to establish a 11/17/2006

branch facility to be located at 4321 West

College Avenue, Appleton, Wisconsin.

CITIZENS BANK

Newspaper:

Federal Register:

* 18C Not available

* Branch Not applicable

First American Bank, Fort Dodge, Iowa, to

merge with First American Bank, NA, Naples,

Florida. As a result of this merger, all offices

of First American Bank, NA, Naples, Florida,

will become branches of First American Bank,

Fort Dodge.

FIRST AMERICAN BANK

Newspaper:

Federal Register:

* 3A3 Not available

12/29/2006

Greene Investment Co., Jefferson, Iowa, to

acquire 100 percent of Dunlap Corporation,

Slater, Iowa, and thereby indirectly acquire

South Story Bank & Trust, Slater, Iowa.

GREENE INVESTMENT CO.

Newspaper:

Federal Register:

* 3A1 Not available

01/02/2007

P/R Bancorp, Spartanburg, Indiana, to become

a bank holding company by acquiring 100

percent of the voting shares of Greensfork

Township State Bank, Spartanburg, Indiana.

P/R BANCORP

* Subject to the provisions of the Community Reinvestment Act
District: 7

Federal Reserve Bank of Chicago

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 8

Federal Reserve Bank of St. Louis

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A1 12/23/2006

12/29/2006

LINCO Bancshares, Inc., Clayton, Missouri, to

become a bank holding company by acquiring

100 percent of Centennial Bancshares

Corporation, Elsberry, Missouri, and thereby

indirectly acquire Bank of Lincoln County,

Elsberry, Missouri.

LINCO BANCSHARES, INC.

* Subject to the provisions of the Community Reinvestment Act
District: 8

Federal Reserve Bank of St. Louis

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 9

Federal Reserve Bank of Minneapolis

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

CIC Not available

12/20/2006

Retroactive Change in Bank Control notice by

Earl A. Davis, Rapid City, South Dakota,

individually and as part of a group acting in

concert with Davis Trusts, co-trustees Pioneer

Bank & Trust, Belle Fourche, South Dakota,

and Earl A. Davis, Rapid City, South Dakota;

Earl A. Davis individually; the Florence E.

Davis Credit Equivalency Trust, co-trustees

Pioneer Bank & Trust, Belle Fourche, South

Dakota, and Arthur H. Davis, Rapid City,

South Dakota; the E.L. Davis Trust, co-trustees

Earl A. Davis and Loretta L. Davis, both of

Rapid City, South Dakota; Terry C. Davis and

Elly R. Davis, both of Fair Oaks, California, to

gain control of Belle Fourche Bancshares, Inc.,

Spearfish, South Dakota, and thereby indirectly

gain control of Pioneer Bank & Trust, Belle

Fourche, South Dakota.

BELLE FOURCHE

BANCSHARES, INC.

Newspaper:

Federal Register:

* 18C Not available

* Branch Not applicable

First Security Bank of Missoula, Missoula,

Montana, to merge with Citizens State Bank of

Hamilton, Hamilton, Montana and incident

thereto proposes to establish branches at 100

Main Street, Hamilton, Montana, and 297

Woodside Cutoff Road, Corvallis, Montana.

FIRST SECURITY BANK OF

MISSOULA

Newspaper:

Federal Register:

* 3A5 12/03/2006

12/04/2006

Franklin Bancorp, Inc., Saint Paul, Minnesota,

to acquire 100 percent of University Financial

Corp., Saint Paul, Minnesota, and thereby

indirectly acquire University National Bank,

Saint Paul, Minnesota.

FRANKLIN BANCORP, INC.

DBA SUNRISE COMMUNITY

BANKS

Newspaper:

Federal Register:

* 18C Not available

* Branch Not applicable

Glacier Bank, Kalispell, Montana to merge

with First Citizens Bank, N.A., Columbia

Falls, Montana and incident thereto proposes

to establish branches at 540 Nucleus, Columbia

Falls, Montana and 490 Reserve Drive,

Kalispell, Montana.

GLACIER BANK

Newspaper:

Federal Register:

CIC 11/22/2006

11/27/2006

E. Kent Christian, Kiester, Minnesota,

individually and as part of a group acting in

concert with the Edward T. Christian

Revocable Trust, Albert Lea, Minnesota,

co-trustees E. Kent Christian and Edna

Christian, Albert Lea, Minnesota, independent

trustee Fred Friedrichsen, Glenville,

Minnesota, and Edna Christian, individually,

to acquire 25 percent or more of the shares of

Kiester Investments, Inc., Kiester, Minnesota,

and thereby indirectly acquire control of First

State Bank of Kiester, Kiester, Minnesota.

KIESTER INVESTMENTS, INC.

* Subject to the provisions of the Community Reinvestment Act
District: 9

Federal Reserve Bank of Minneapolis

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

CIC Not available

Not available

Notice by Walter G. Fries, Wabasha,

Minnesota; Raymond B. Pinson, Del Ray

Beach, Florida; Kenneth D. Myers, Apple

Valley, Minnesota; GLA Investments, L.L.C.,

Lakeville, Minnesota, Gary Anderson as

general partner; AMSIE Enterprise, LLC,

Minnetonka, Minnesota, Donald Eisma as

general partner; Nancy Ludwig and Francis N.

Ludwig, Apple Valley, Minnesota; Richard B.

Lambert, Jr., Apple Valley, Minnesota; Russell

S. Sampson, Prior Lake, Minnesota; Curtis A.

Sampson, Hector, Minnesota; Craig Potts,

Henderson, Nevada; Brett D. Reese,

Northfield, Minnesota; S & L Investments,

LLP, Bloomington, Minnesota, David Stueve

as general partner; Savage Capitalists, LLP,

Bloomington, Minnesota, David Stueve as

general partner; Pershing LLC FBO Richard

D. Estenson IRA, Northfield, Minnesota;

Charles and Cindy Beske, Lakeville,

Minnesota; Brian Bauer, Garvin, Minnesota;

and Severson Family Limited Partnership,

Lakeville, Minnesota, Larry Severson as

general partner, acting as a group in concert to

gain control of L&M Bancshares, Inc.,

Shakopee, Minnesota, and thereby indirectly

gain control of Northwest Community Bank,

Champlin, Minnesota.

L & M BANCSHARES, INC.

Newspaper:

Federal Register:

* 3A3 12/15/2006

12/15/2006

Marquette Financial Companies, Minneapolis,

Minnesota, to acquire 100 percent of First

Commerce Bank, Corpus Christi, Texas.

MARQUETTE FINANCIAL

COMPANIES

Newspaper:

Federal Register:

* 3A1

4c8

12/24/2006

01/02/2007

Montana Business Capital Corporation (to be

known as Bancorp of Montana Holding

Company), Missoula, Montana, to become a

bank holding company by acquiring 100

percent of Bank of Montana, Missoula,

Montana, a de novo bank. Applicant also

requests permission to engage, de novo, in

commercial and residential loan origination

activities pursuant to section 225.28(b)(1) of

Regulation Y.

MONTANA BUSINESS

CAPITAL CORPORATION

Newspaper:

Federal Register:

Investment Not applicable

Not applicable

U.S. Bank, N.A., Cincinnati, Ohio, through

NOVA Canadian Holdings Company,

Minneapolis, Minnesota, an agreement

corporation, are proposing to invest in a

foreign organization by acquiring 100% of the

shares of MBPR Services Inc., San Juan,

Puerto Rico, a newly formed company.

NOVA CANADIAN HOLDINGS

COMPANY

Newspaper:

Federal Register:

* 18C Not available

* Branch Not applicable

Western Security Bank, Billings, Montana, to

merge with First Citizens Bank of Billings,

Billings, Montana and incident thereto

proposes to establish six branches.

WESTERN SECURITY BANK

* Subject to the provisions of the Community Reinvestment Act
District: 9

Federal Reserve Bank of Minneapolis

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

2634191 GLACIER BK, KALISPELL, MONTANA 08/14/2006 11/28/2006 O Int Sm Bank

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 10

Federal Reserve Bank of Kansas City

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A1 12/01/2006

12/04/2006

Community Bancshares of Kansas, Inc., Goff,

Kansas, to become a bank holding company

through the acquisition of 100 percent of the

voting shares of Nemaha Investment Company,

Inc., Merriam, Kansas, parent of First State

Bank of Goff, Goff, Kansas.

COMMUNITY BANCSHARES

OF KANSAS, INC.

Newspaper:

Federal Register:

* 3A3 Not available

12/26/2006

Community Bankshares, Inc., Greenwood

Village, Colorado, to acquire 100 percent of

the voting shares of Citizens Financial

Corporation, parent of Citizens State Bank of

Cortez, both in Cortez, Colorado.

COMMUNITY BANKSHARES,

INC.

Newspaper:

Federal Register:

* 3A3 01/03/2007

12/28/2006

First Fidelity Bancorp, Inc., Oklahoma City,

Oklahoma, to acquire 100 percent of the voting

shares of Western Security Holding Co., Ltd.,

parent of Western Security Bank, both of

Scottsdale, Arizona.

FIRST FIDELITY BANCORP,

INC.

Newspaper:

Federal Register:

* 3A3 Not available

12/29/2006

First Independent Bancorp, Inc., Chickasha,

Oklahoma, to acquire 100 percent of the voting

shares of Cyril State Bank, Cyril, Oklahoma.

FIRST INDEPENDENT

BANCORP, INC.

Newspaper:

Federal Register:

* 3A1 12/26/2006

12/26/2006

Investment Opts, LLC, Wray, Colorado, to

become a bank holding company through the

acquisition of 60 percent of the voting shares

of FarmBank Holding, Inc., parent of First

FarmBank (in organization), both in Greeley,

Colorado. FarmBank Holding, Inc., to become

a bank holding company through the

acquisition of 100 percent of the voting shares

of First FarmBank (in organization), both in

Greeley, Colorado.

INVESTMENT OPTS, LLC

Newspaper:

Federal Register:

* 3A5

* 4c8

12/16/2006

01/02/2007

Oakland Financial Services, Inc., Oakland,

Iowa, to acquire Southwest Company, Sidney,

Iowa, parent of First Community Bank, Sidney,

Iowa, and thereby engage in the operation of a

savings association. Oakland Financial

Services, Inc., Oakland, Iowa, to acquire Otoe

County Bancorporation, Inc., parent of Otoe

County Bank and Trust Company, Nebraska

City, Nebraska.

OAKLAND FINANCIAL

SERVICES, INC.

* Subject to the provisions of the Community Reinvestment Act
District: 10

Federal Reserve Bank of Kansas City

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

CIC Not available

12/19/2006

Notification by Charles Patrick Larsh,

Yucaipa, California; Jeffrey Scott Larsh,

Indianapolis, Indiana; Lorene Stuart Larsh,

Oklahoma City, Oklahoma; Steven Stuart

Larsh, Libby, Montana; Mary Katherine

McCarson, Kannapolis, North Carolina; Krista

Marie Gomez, Arlington, Virginia; Thelma

Stuart Stevens, Billings, Montana; Douglas

Grant Stuart, Wagoner, Oklahoma; Douglas

Grant Stuart, Jr., Austin, Texas; Elizabeth

Allison Stuart, Silver Springs, Maryland; Ellen

Rothermel Stuart, Dallas, Texas; Emily Anne

Stuart, Columbia, Missouri; John Arthur

Stuart, Jr., M.D., Dallas, Texas; John Arthur

Stuart, III, Chandler, Arizona; Katherine

Allison Stuart, West Lafayette, Indiana;

Margaret Elizabeth Stuart, Chicago, Illinois;

Monica Ann Stuart, Wagoner, Oklahoma;

Sarah Rothermel Stuart, Nashville, Tennessee;

as a group acting in concert; and Ellen

Rothermel Stuart and John Arthur Stuart, Jr.,

M.D., both of Dallas, Texas; as individuals, to

acquire control of Pawhuska Financial Corp.,

parent of First National Bank in Pawhuska,

both in Pawhuska, Oklahoma.

PAWHUSKA FINANCIAL

CORP.

* Subject to the provisions of the Community Reinvestment Act
District: 10

Federal Reserve Bank of Kansas City

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 11

Federal Reserve Bank of Dallas

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A1 Not available

12/29/2006

Gulfport Bancshares of Delaware,Inc.,

Wilmington, Delaware, to become a bank

holding company by acquiring 100 percent of

Gulfport Bancshares, Inc., Clute, Texas, and

indirectly acquire Brazos National Bank,

Richwood, Texas.

GULFPORT BANCSHARES OF

DELAWARE, INC.

* Subject to the provisions of the Community Reinvestment Act
District: 11

Federal Reserve Bank of Dallas

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 12

Federal Reserve Bank of San Francisco

Filings received during the week ending December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 18C

Not applicable

United Security Bank, Fresno, California, to 12/17/2006

merge with Legacy Bank, N.A., Campbell,

California.

UNITED SECURITY BANK

* Subject to the provisions of the Community Reinvestment Act
District: 12

Federal Reserve Bank of San Francisco

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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

868376 BARNES BKG CO, KAYSVILLE, UTAH 07/10/2006 11/21/2006 S Int Sm Bank

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act