Federal Reserve Release 

H.2 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 47 

Week Ending November 24, 2001 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Actions under delegated authority November 18, 2001 to November 24, 2001 

BS&R 

C&CA 

FOMC 

Banking Supervision and Regulation 

Consumer and Community Affairs 

Federal Open Market Committee 

RBOPS 

IF 

OSDM 

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

Bank Branches, Domestic 

Chicago 

Alpha Community Bank, Toluca, Illinois -- to establish a mobile branch to serve 

Bartonville, Bayview Gardens, East Peoria, Peoria, Peoria Heights, and Spring Bay. 

- Approved, November 23, 2001 

Atlanta 

Compass Bank, Birmingham, Alabama -- to establish a branch at the intersection of FM 

[Farm-to-Market] 1960 and North Eldredge Parkway, Houston, Texas. 

- Approved, November 19, 2001 

Kansas City 

First State Bank, Taos, New Mexico -- to establish a branch in the Pojoaque Pueblo 

Plaza Super Market at Number 9 West Gutierrez Street, Santa Fe. 

- Approved, November 19, 2001 

Bank Holding Companies 

Chicago 

Allied First Bancorp, Inc., Naperville, Illinois -- to become a bank holding company 

through the acquisition of Allied First Bank. 

- Approved, November 21, 2001 

Chicago 

Associated Banc-Corp, Green Bay, Wisconsin -- to acquire Signal Finance Company, 

Mendota Heights, Minnesota, and thereby engage in extending credit and servicing loans 

and selling credit life and accident and health insurance in conjunction with lending; and to 

acquire Signal Trust Company National Association and thereby engage in trust company 

functions. 

- Approved, November 23, 2001 

Kansas City 

Camargo Financial Company, Inc., Camargo, Oklahoma -- to become a bank holding 

company through the acquisition of The First State Bank. 

- Approved, November 20, 2001 

(AC) = Addition or Correction Delegated - Page 1 of 6 
H.2 Actions under delegated authority November 18, 2001 to November 24, 2001 

Bank Holding Companies 

St. Louis 

Clover Leaf Financial Corp., Edwardsville, Illinois -- to become a bank holding company 

through the acquisition of Clover Leaf Bank, S.B. 

- Approved, November 20, 2001 

St. Louis 

Atlanta 

Atlanta 

First Banks, Inc., St. Louis, Missouri -- to acquire shares of Plains Financial Corporation, 

Des Plaines, Illinois, and thereby acquire PlainsBank of Illinois, N.A. 

- Approved, November 20, 2001 

First Dozier Bancshares, Inc., Dozier, Alabama -- to become a bank holding company 

through the acquisition of The First National Bank of Dozier. 

- Approved, November 23, 2001 

Georgia Bancshares, Inc., Fayetteville, Georgia -- commitment waiver request. 

- Granted, November 23, 2001 

Chicago 

Home Federal Bancorp, Seymour, Indiana -- to become a bank holding company 

through the acquisition of Home Federal Savings Bank and election to become a financial 

holding company. 

- Approved, November 20, 2001 

Incus Co. Ltd., Road Town, British Virgin Islands, Laredo National Bancshares, Inc., 

Laredo, Texas, and Laredo National Bancshares of Delaware, Inc., Wilmington, 

Delaware -- waiver of application requirements in connection with the proposed merger 

of Del Rio National Bank, Del Rio, Texas, with South Texas National Bank of Laredo, 

Laredo, and for South Texas National Bank of Laredo to become a bank holding 

company through the acquisition of Del Rio National Bank. 

- Granted, November 23, 2001 

Dallas 

(AC) = Addition or Correction Delegated - Page 2 of 6 
H.2 Actions under delegated authority November 18, 2001 to November 24, 2001 

Bank Holding Companies 

Kansas City 

Lauritzen Enterprises, Omaha, Nebraska -- to become a bank holding company through 

the acquisition of shares of Farmers and Merchants State Bank, Bloomfield. 

- Withdrawn, November 19, 2001 

Chicago 

Northern States Financial Corporation, Waukegan, Illinois -- relief from commitments in 

connection with a change in bank control. 

- Granted, November 23, 2001 

Boston 

Westfield Financial, Inc., Westfield, Massachusetts -- to become a bank holding 

company through the acquisition of Westfield Savings Bank and for Westfield Mutual 

Holding Company to acquire a majority of the common stock of Westfield Financial, Inc. 

- Approved, November 19, 2001 

Bank Mergers 

Cleveland 

Sky Bank-Ohio Bank Region, Findlay, Ohio -- to merge with Sky Bank-Mid Am 

Region, Toledo, and Sky Bank, Salineville, and establish branches. 

- Approved, November 21, 2001 

Change In Bank Control 

Chicago 

First Community Bancshares, Inc., Bargersville, Indiana -- change in bank control. 

- Permitted, November 21, 2001 

Kansas City 

First of McAlester Corporation, McAlester, Oklahoma -- change in bank control. 

- Permitted, November 19, 2001 

Kansas City 

Northeast Kansas Bancshares, Inc., Valley Falls, Kansas -- change in bank control. 

- Permitted, November 20, 2001 

(AC) = Addition or Correction Delegated - Page 3 of 6 
H.2 Actions under delegated authority November 18, 2001 to November 24, 2001 

Competitive Factors Reports 

San Francisco 

Banner Bank, Walla Walla, Washington -- report on competitive factors of the proposed 

merger with Oregon Business Bank, Lake Oswego, Oregon. 

- Submitted, November 20, 2001 

San Francisco 

Community Bank of Arizona, Wickenburg, Arizona -- report on competitive factors of 

the proposed merger with New Community Bank of Arizona, N.A. 

- Submitted, November 19, 2001 

Philadelphia 

Crown Interim Bank, National Association, Ocean City, New Jersey -- report on 

competitive factors of the proposed acquisition of Crown Bank, National Association to 

facilitate the formation of CGD USA Holding Company, Inc., a bank holding company. 

- Submitted, November 21, 2001 

Chicago 

Farmers Trust and Savings Bank, Buffalo Center, Iowa -- report on competitive factors 

of the proposed merger with the Lake Mills branch of Northwest Federal Savings Bank, 

Spencer. 

- Submitted, November 20, 2001 

Cleveland 

Fidelity Savings Bank, Pittsburgh, Pennsylvania -- report on competitive factors of the 

proposed merger with Carnegie Savings Bank, FSB, Carnegie. 

- Submitted, November 20, 2001 

Cleveland 

First National Bank of Blanchester, Blanchester, Ohio -- report on competitive factors of 

the proposed purchase of certain assets and assumption of certain liabilities of the 

Blanchester branch of Peoples Community Bank, West Chester. 

- Submitted, November 20, 2001 

(AC) = Addition or Correction Delegated - Page 4 of 6 
H.2 Actions under delegated authority November 18, 2001 to November 24, 2001 

Competitive Factors Reports 

San Francisco 

First National Bank of Central California, Salinas, California, and Santa Barbara Bank & 

Trust, Santa Barbara -- report on competitive factors of the proposed consolidation with 

New Pacific Capital Bank, N.A. 

- Submitted, November 20, 2001 

Cleveland 

First National Bank of Zanesville, Zanesville, Ohio -- report on competitive factors of the 

proposed merger with United National Bank and Trust Company, Canton. 

- Submitted, November 19, 2001 

Chicago 

First State Bank of Monticello, Monticello, Illinois -- report on competitive factors of the 

proposed merger with State Bank of Hammond, Hammond. 

- Submitted, November 20, 2001 

New York 

MetLife Trust Company, National Association, Bedminster, New Jersey -- report on 

competitive factors of the proposed merger with MetLife Bank, National Association, 

Bridgewater. 

- Submitted, November 21, 2001 

Boston 

Passumpsic Savings Bank, St. Johnsbury, Vermont -- report on competitive factors of the 

proposed merger with Passumpsic Bank, FSB, Littleton, New Hampshire. 

- Submitted, November 20, 2001 

Philadelphia 

Pennsylvania Business Bank, Philadelphia, Pennsylvania -- report on competitive factors 

of the proposed purchase of certain assets and assumption of certain liabilities of The 

Bank of Gloucester County, Woodbury, New Jersey. 

- Submitted, November 21, 2001 

(AC) = Addition or Correction Delegated - Page 5 of 6 
H.2 Actions under delegated authority November 18, 2001 to November 24, 2001 

Extensions Of Time 

New York 

Banco Popular North America, New York, New York -- extension to June 6, 2002, to 

establish a branch at 8500 Van Nuys Boulevard, Panorama City, Los Angeles, California. 

- Granted, November 21, 2001 

Membership 

Chicago 

Home Federal Savings Bank, Seymour, Indiana -- to become a member of the Federal 

Reserve System. 

- Approved, November 20, 2001 

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

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(3)/3(a)(5) Chittenden Corporation, Burlington, Vermont - to acquire Ocean Newspaper - N/Avail 

National Corporation and its wholly-owned subsidiary, Ocean Fed Reg - N/Avail 

National Bank, both of Kennebunk, Maine 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Banco Popular de Puerto Rico, San Juan, Puerto Rico, to acquire 

the banking business of 3 branches of Banco Bilbao Vizcaya 

Argentaria Puerto Rico, San Juan, Puerto Rico.* 

Newspaper – N/Avail 

Branch Interchange Bank, Saddle Brook, New Jersey, to establish a 

branch office at 25 Main Street, Hackensack, New Jersey.* 

Newspaper – 12/05/2001 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

25A Received application on 11/20/2001 from KeyBank, N.A., 

Cleveland, OH of its intent to invest in KRM Holdings, Inc., 

Cleveland, OH as a direct wholly-owned subsidiary in the form 

of an agreement corporation. 

25A Received prior notice on 11/20/2001 from KRM Holdings, Inc., 

Cleveland, OH of its intent to invest in KRM Leasing, Inc., 

Hamilton, Bermuda, as a direct wholly-owned subsidiary. 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch United Bank and Trust Company, St. Petersburg, Florida, to 11/30/2001* 

establish a branch located at 4095 Tampa Road, Oldsmar, 

Florida, to be known as the Oldsmar Office. 

*Subject to provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

3(a)(1) Cavalry Bancorp, Inc., to become a bank holding company by 

acquiring Cavalry Banking, both of Murfreesboro, Tennessee. 

Fed Reg - 12/07/2001* 

3(a)(3) F.N.B. Corporation, Naples, Florida, to acquire up to 20 percent 

of the outstanding shares of Sun Bancorp, Inc., and its 

subsidiary, Sun Bank, both of Selinsgrove, Pennsylvania. 

N/Avail* 

*Subject to provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Member Cavalry Banking, Murfreesboro, Tennessee, to become a 

member of the Federal Reserve System. 

Member Embry Bank, Lawrenceville, Georgia (currently Embry National 

Bank), to become a member of the Federal Reserve System. 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

539032 Bank Independent 08/06/2001 11/20/2001 S X 

Post Office Drawer B 

Sheffield, Alabama 35660 

(205) 386-5000 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Central Trust & Savings Bank, Cherokee, Iowa, for prior 

approval to establish a branch at 504 4th Street, Sioux City, 

Iowa. 

Newspaper – 11/16/2001 

18C & Branches Commercial Trust & Savings Bank, Storm Lake, Iowa, for prior 

approval to acquire through merger Central Trust & Savings 

Bank, Cherokee, Iowa and thereby to establish branch offices at: 

401 W. Main Street, Cherokee, Iowa, 2 Bow Drive, Cherokee, 

Iowa, 119 N. Main Street, Quimby, Iowa, and 301 Main, 

Washta, Iowa.* 

Newspaper – N/Avail 

18C & Branches Iowa State Bank, Sheldon, Iowa, for prior approval to acquire 

through merger Iowa State Bank, Orange City, Iowa and thereby 

to establish the following branch offices: 627 2nd Ave., 

Sheldon, Iowa; 103 3rd Ave., Alton, Iowa; 305 Oak Street, 

Craig, Iowa; 105 Albany Ave., Orange City, Iowa, and 308 

Main, Ireton, Iowa.* 

Newspaper – N/Avail 

* Subject to the provisions of the Community Reinvestment Act 

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

Ending date of 

Type Application comment period 

Notification by R. Steven Lutterbach, of a Change in Control of 

Alliance Financial Corp., New Buffalo, Michigan. 

3(a)(1) Bancshares Holding Corp., Downers Grove, Illinois, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of The Bank of 

Commerce, Downers Grove, Illinois.* 

3(a)(1) CFB Holding Company, Clinton, Iowa, to become a bank 

holding company by acquiring 100 percent of Citizens First 

Bank, Clinton, Iowa. 

3(a)(3) Independence Bancshares, Inc., Independence, Iowa, for prior 

approval to acquire 100 percent of Fairbank Bancshares Corp., 

Fairbank, Iowa and thereby indirectly acquire Fairbank State 

Bank, Fairbank, Iowa.* 

Fed Reg – 11/14/2001 

Newspaper – 11/21/2001 

Fed Reg – 12/17/2001 

Newspaper – N/Avail 

Fed Reg – 12/10/2001 

Newspaper – N/Avail 

Fed Reg – 11/28/2001 

Newspaper – N/Avail 

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

Ending date of 

Type Application comment period 

3(a)(1) Malvern Bancshares, Inc., Malvern, Iowa, for prior approval to 

become a bank holding company by acquiring 100 percent of 

Malvern Trust & Savings Bank, Malvern, Iowa.* 

3(a)(1) Premier Holdings, Ltd., Rock Valley, Iowa, to become a bank 

holding company by acquiring 100 percent of the voting shares 

of Premier Bank, Rock Valley, Iowa.* 

3(a)(1) The Private Banking Company, Hartland, Wisconsin, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Bank of 

Waunakee Employee Stock Ownership Plan, Waunakee, 

Wisconsin and Waunakee Bank Shares, Inc., Waunakee, 

Wisconsin and thereby indirectly acquire Bank of Waunakee, 

Waunakee, Wisconsin.* 

3(a)(1) Spector Properties, Inc., Chicago, Illinois, for prior approval to 

become a bank holding company by retaining 23.8 percent of the 

voting shares of Andalusia Community Bank, Andalusia, 

Illinois.* 

Notification by Omar C. Wilhelms, Janice R. Wilhelms and 

Delores J. Meiners, of a Change in Control of Shannon Bancorp, 

Inc., Shannon, Illinois. 

Fed Reg – 11/28/2001 

Newspaper – N/Avail 

Fed Reg – 11/26/2001 

Newspaper – 11/23/2001 

Fed Reg – 11/26/2001 

Newspaper – 11/24/2001 

Fed Reg – 12/19/2001 

Newspaper – N/Avail 

Fed Reg – 11/19/2001 

Newspaper – 12/10/2001 

* Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

Membership First Community Bank and Trust, Beecher, Illinois, for prior 

approval to become a member of the Federal Reserve System. 

4(c)(8) First State Bancorp of Monticello, Inc., Monticello, Illinois, for 

prior approval to engage in the extension of credit and servicing 

of loans. 

CC 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

18(c) Notice by First Bank, Creve Coeur, Missouri, to merge with Newspaper – N/Avail. 

PlainsBank of Illinois, N.A., Des Plaines, Illinois. 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 9

Federal Reserve Bank of Minneapolis

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(5) United Bancor, Ltd., Dickinson, North Dakota, for prior Fed. Reg. – 12/14/2001 

approval to merge with Bismarck Bancshares, Inc., Bismarck, Newspaper – 12/10/2001 

North Dakota.* 

*Subject to the provisions of the Community Reinvestment Act. 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

3(a)(1)RN Odin Bancshares, Inc., Odin, Minnesota, to become a bank 

holding company through the acquisition of 100% of the voting 

shares of Odin State Bank, Odin, Minnesota. 

3(a)(1)RN Peoples State Bancorp, Inc., Munising, Michigan, to become a 

bank holding company through the acquisition of 100% of the 

voting shares of Peoples State Bank of Munising, Munising, 

Michigan. 
Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

application for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for First Quarter of 2002 

Institution Location 

REVISED LIST

American State Bank of Grygla

First Citizens Bank of Butte

Valley Bank of Glasgow

Community Bank-Missoula, Inc

The State Bank of Townsend

Farmers State Bank

The Yellowstone Bank

First Western Bank and Trust

Dacotah Bank

Clinton State Bank

Sunrise Bank Dakota

American State Bank of Rapid City

Fulton State Bank

Grygla, Minnesota

Butte, Montana

Glasgow, Montana

Missoula, Montana

Townsend, Montana

Victor, Montana

Laurel, Montana

Minot, North Dakota

Aberdeen, South Dakota

Clinton, Minnesota

Onida, South Dakota

Rapid City, South Dakota

Fulton, South Dakota
Section VI – CRA examinations scheduled for First Quarter of 2002 

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

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

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

circumstances. 

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

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

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

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

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

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

Minnesota 55480-0291. 
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

Branch Centennial Bank of the West, Fort Collins, Colorado, for prior 

approval to establish its existing bank location at 100 Oak 

Avenue, Eaton, Colorado as a branch, in connection with the 

relocation of its head office from 100 Oak Avenue, Eaton, 

Colorado to 4650 Royal Vista Drive, Fort Collins, Colorado. 

Newspaper – 11/23/2001 

18(c) Centennial Bank of the West, Fort Collins, Colorado, for prior 

approval to merge with The Berthoud National Bank, Berthoud, 

Colorado and thereby establish two additional branches. 

Newspaper – 12/14/2001 

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

Ending date of 

Type Application comment period 

3(a)(1) First National of Illinois, Inc., Omaha, Nebraska, for prior 

approval to become a bank holding company through the 

acquisition of 100 percent of the voting shares of Castle 

BancGroup, Inc., DeKalb, Illinois, parent of Castle Bank, 

DeKalb, Illinois. 

Newspaper – N/Available 

Fed Reg – 12/10/2001 

3(a)(3) First National of Nebraska, Inc., Omaha, Nebraska, for prior 

approval to acquire First National of Illinois, Inc., Omaha, 

Nebraska and thereby indirectly acquire Castle BancGroup, Inc., 

DeKalb, Illinois, parent of Castle Bank, DeKalb, Illinois. 

Newspaper – N/Available 

Fed Reg – 12/10/2001 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

3(a)(1)Riegle Emerald Financial Corporation, Burden, Kansas, for prior 

approval to become a bank holding company through the 

reorganization of 95 percent of the voting shares of State Bank 

of Burden, Burden, Kansas. 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

3(a)(1) Krum Bancshares, Inc., Krum, TX, to acquire Krum Bancshares 

of Delaware, Inc., Dover, DE, and Farmers and Merchants State 

Bank, Krum, TX* (previously reported the week ending 

November 17, 2001) 

3(a)(1) Krum Bancshares of Delaware, Inc., Dover, DE, to acquire 

Farmers and Merchants State Bank, Krum, TX* (previously 

reported the week ending November 17, 2001) 

3(a)(1) Jane Austin Chapman Limited Partnership, L.P., Jacksonville, 

TX, to acquire Austin Bancorp, Inc., Jacksonville, TX, TEB, 

Inc., Shreveport, LA, Austin Bank, Texas National Association, 

Jacksonville, TX, Capital Bancorp, Inc., Jacinto City, TX, JACI, 

Inc., Wilmington, DE, Capital Bank, Jacinto City, TX, 

Frankston Bancorp, Inc., Frankston, TX, FDB, Inc., Dover, 

DE, First State Bank, Frankston, TX, and First State Bank, 

Athens, TX* 

Fed Reg – 12/14/2001 

Newspaper – 12/13/2001 

Fed Reg – 12/14/2001 

Newspaper – 12/13/2001 

Fed Reg – N/Avail 

Newspaper – N/Avail 

*Subject to the provisions of the Community Reinvestment Act 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

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

Type Application 

None 

Section V – Availability of CRA public evaluations 

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

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

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

was revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None 
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, November 24, 2001 

Section I – Applications subject to newspaper notice only 

Ending date of 

Type Application comment period 

None 

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

Ending date of 

Type Application comment period 

None 

Section III – Applications subject to Federal Register notice only 

Ending date of 

Type Application comment period 

None 

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

Type Application 

None 
Section V – Availability of CRA public evaluations 

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

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

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

revised in May 1995. 

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

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

for deposit facilities. 

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Examination CRA CRA Exam type 

number Institution/Location date public date rating LrgBk SmBk 

None 

Section VI – CRA examinations scheduled for Quarter of 

Institution Location 

None