H.2 

Federal Reserve Release 

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received 

No. 8 

Week Ending February 19, 2005 

Board of Governors of the Federal Reserve System, Washington, DC 20551 
H.2 Board Actions February 13, 2005 to February 19, 2005 

Testimony And Statements 

Monetary Policy Objectives -- statement by Chairman Greenspan before the Senate 

Committee on Banking, Housing, and Urban Affairs, February 16, and the House 

Committee on Financial Services, February 17, 2005. 

- Authorized, February 14, 2005 

Regulations And Policies 

Overdraft Protection Programs -- interagency guidance to assist insured depository 

institutions to disclose and administer overdraft protection services (Docket No. OP1198). 

- Approved, February 16, 2005 

Enforcement 

Banco Atlantico, S.A., Barcelona, Spain, and Banco Atlantico, S.A. New York 

Agency, New York, New York -- written agreement dated June 3, 1999, terminated 

August 20, 2004. 

- Announced, February 16, 2005 

Independent Southern Bancshares, Inc. Employee Stock Ownership Trust, 

Brownsville, Tennessee, and Independent Southern Bancshares, Inc. -- written 

agreement dated September 6, 2000, terminated August 18, 2004. 

- Announced, February 16, 2005 

Metamora Bancorp, Inc., Metamora, Ohio, and The Metamora State Bank -- written 

agreement dated December 10, 2002, terminated January 31, 2005. 

- Announced, February 16, 2005 

(AC) = Addition or Correction Board - Page 1 of 1 
H.2 Actions under delegated authority February 13, 2005 to February 19, 2005 

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

C&CA Consumer and Community Affairs IF International Finance 

FOMC Federal Open Market Committee OSDM Office of Staff Director for Management 

Bank Branches, Domestic 

Kansas City 

American Heritage Bank, Sapulpa, Oklahoma -- to establish a branch at 502 East 

Indiana Avenue, Kiefer. 

- Approved, February 17, 2005 

St. Louis 

Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 4901 South Mill 

Road, Pryor, Oklahoma. 

- Approved, February 17, 2005 

Cleveland 

Fifth Third Bank, Cincinnati, Ohio -- to establish branches at 3588 Gender Road, 

Canal Winchester, and 9550 State Route 14, Streetsboro, and a temporary branch at 

7000 Hampton Center, Morgantown, West Virginia. 

- Approved, February 16, 2005 

Minneapolis 

First Interstate Bank, Billings, Montana -- to establish a branch at 2032 Dell Range 

Boulevard, Cheyenne, Wyoming. 

- Approved, February 15, 2005 

New York 

Manufacturers and Traders Trust Company, Buffalo, New York -- for M&T Bank to 

establish a branch at AT Systems Atlantic, 147 Stewart Road, Hanover Township, 

Pennsylvania. 

- Approved, February 16, 2005 

Dallas 

PlainsCapital Bank, Lubbock, Texas -- to establish branches at 2705 Bee Cave 

Road, Rollingwood, and 400 Sundance Parkway, Round Rock. 

- Approved, February 16, 2005 

(AC) = Addition or Correction Delegated - Page 1 of 6 
H.2 Actions under delegated authority February 13, 2005 to February 19, 2005 

Bank Branches, Domestic 

Cleveland 

Whitaker Bank, Lexington, Kentucky -- to establish a branch at 777 Morton 

Boulevard, Hazard. 

- Approved, February 17, 2005 

Bank Holding Companies 

Atlanta 

BankEast Corporation, Knoxville, Tennessee -- to acquire Curtis Mortgage 

Company, Inc. and thereby engage in brokering residential and investor real estate 

loans. 

- Withdrawn, February 15, 2005 

Atlanta 

First Community Holding Company, Hammond, Louisiana -- to become a bank 

holding company and to acquire First Community Bank. 

- Withdrawn, February 16, 2005 

Minneapolis 

Glacier Bancorp, Inc., Kalispell, Montana -- to acquire Citizens Bank Holding 

Company, Pocatello, Idaho, and Citizens Community Bank. 

- Approved, February 16, 2005 

Minneapolis 

Maximum Holding International, Inc., Brooklyn Park, Minnesota -- to become a 

bank holding company and to acquire First Security Bank-Sanborn, Sanborn. 

- Withdrawn, February 16, 2005 

New York 

Ponce General Corporation, San Juan, Puerto Rico -- for First BanCorp to acquire 

Ponce General Corporation, a savings and loan holding company, and its 

subsidiaries, Ponce Realty and UniBank, Miami, Florida. 

- Approved, February 14, 2005 

Secretary 

Seacoast Banking Corporation of Florida, Stuart, Florida -- to acquire First National 

Bank & Trust Company and Century National Bank, Orlando. 

- Approved, February 17, 2005 

(AC) = Addition or Correction Delegated - Page 2 of 6 
H.2 Actions under delegated authority February 13, 2005 to February 19, 2005 

Competitive Factors Reports 

Dallas 

The Bank of Clovis, Clovis, New Mexico -- report on competitive factors of the 

proposed merger with Clovis Interim Bank. 

- Submitted, February 18, 2005 

Philadelphia 

Community Banks, Millersburg, Pennsylvania -- report on competitive factors of 

the proposed merger of Community Bank, Harrisburg, with Blue Bell National 

Bank, Blue Bell. 

- Submitted, February 14, 2005 

Dallas 

First Financial Bank, National Association, Eastland, Texas -- report on competitive 

factors of the proposed merger with First Financial Bank, National Association, 

Abilene. 

- Submitted, February 15, 2005 

St. Louis 

First National Bank, Hot Springs, Arkansas -- report on competitive factors of the 

proposed mergers with First National Bank, Mount Ida, and First National Bank in 

Mena, Mena. 

- Submitted, February 15, 2005 

San Francisco 

Fullerton Community Bank, Fullerton, California -- report on competitive factors of 

the proposed merger with Wescom Credit Union, Pasadena. 

- Submitted, February 14, 2005 

New York 

Glens Falls National Bank and Trust Company, Glens Falls, New York, and 

Saratoga National Bank and Trust Company, Saratoga Springs -- report on 

competitive factors of the proposed acquisition of assets and assumption of 

liabilities of the Argyle, Salem, and Corinth branches of HSBC Bank USA, 

National Association, Wilmington, Delaware. 

- Submitted, February 16, 2005 

(AC) = Addition or Correction Delegated - Page 3 of 6 
H.2 Actions under delegated authority February 13, 2005 to February 19, 2005 

Competitive Factors Reports 

Richmond 

HomeTrust Bank, Clyde, North Carolina -- report on competitive factors of the 

proposed merger with Home Savings Bank, SSB of Eden, Eden. 

- Submitted, February 15, 2005 

Richmond 

Mercantile-Safe Deposit and Trust Company, Baltimore, Maryland -- report on 

competitive factors of the proposed merger with Mercantile Potomac Bank, 

Gaithersburg. 

- Submitted, February 18, 2005 

Philadelphia 

Newfield National Bank, Newfield, New Jersey -- report on competitive factors of 

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

Seaville and Newfield branches of The Bank, Woodbury. 

- Submitted, February 17, 2005 

San Francisco 

Premier Valley Bank, Fresno, California -- report on competitive factors of the 

proposed merger with Yosemite Bank, Mariposa. 

- Submitted, February 14, 2005 

Richmond 

South Carolina Bank and Trust, National Association, Orangeburg, South 

Carolina -- report on competitive factors of the proposed merger with New 

Commerce Bank, N.A., Greenville. 

- Submitted, February 15, 2005 

Minneapolis 

State Bank & Trust, Fargo, North Dakota -- report on competitive factors of the 

proposed merger with First State Bank of Audubon, Detroit Lakes, Minnesota. 

- Submitted, February 14, 2005 

Minneapolis 

U.S. Bank National Association, Cincinnati, Ohio -- report on competitive factors of 

the proposed merger with State Street Bank and Trust Company of Connecticut, 

N.A., Hartford, Connecticut. 

- Submitted, February 17, 2005 

(AC) = Addition or Correction Delegated - Page 4 of 6 
H.2 Actions under delegated authority February 13, 2005 to February 19, 2005 

Competitive Factors Reports 

Dallas 

Wells Fargo Bank, National Association, Sioux Falls, South Dakota -- report on 

competitive factors of the proposed acquisition of three Amarillo, Texas, branches 

and one Canyon branch of PlainsCapital Bank, Lubbock. 

- Submitted, February 18, 2005 

Extensions Of Time 

San Francisco 

America West Bank Members, LC, Layton, Utah -- extension to June 8, 2005, to 

become a bank holding company and to acquire America West Bank. 

- Granted, February 17, 2005 

San Francisco 

Horizon Bancorp, Lake Havasu City, Arizona -- extension to June 15, 2005, to 

become a bank holding company and to acquire Horizon Community Bank. 

- Granted, February 17, 2005 

Atlanta 

Regions Bank, Birmingham, Alabama -- extension to March 5, 2006, to establish a 

branch at 1705 Highway 20 West, McDonough, Georgia, and extension to March 

18, 2006, to establish a branch at the corner of Matlock Road and Interstate 20, 

Arlington, Texas. 

- Granted, February 15, 2005 

Atlanta 

SunTrust Bank, Atlanta, Georgia -- extensions to July 21, 2005, to merge with 

SunTrust BankCard, N.A., Orlando, Florida, and with National Bank of Commerce, 

Memphis, Tennessee. 

- Granted, February 15, 2005 

(AC) = Addition or Correction Delegated - Page 5 of 6 
H.2 Actions under delegated authority February 13, 2005 to February 19, 2005 

International Operations 

Director, BS&R 

U.S. Bancorp, Minneapolis, Minnesota -- waiver of remainder of notification period 

for NOVA European Holdings Company to make an investment in NOVA 

EuroConex Holdings, C.V., Rotterdam, the Netherlands; and for NOVA EuroConex 

Holdings, C.V. to make investments in EuroConex Technologies U.K. Ltd., 

Nottingham, United Kingdom; EuroConex Technologies Nordic AS, Oslo, Norway; 

and EuroConex Technologies Limited, Dublin, Ireland. 

- Granted, February 15, 2005 

Membership 

Chicago 

American State Bank, Osceola, Iowa -- to become a member of the Federal Reserve 

System. 

- Approved, February 18, 2005 

Kansas City 

First National Bank of Yuma, Yuma, Colorado -- to retain membership in the 

Federal Reserve System on conversion to a state-chartered institution, Colorado 

Community Bank. 

- Approved, February 18, 2005 

Regulations And Policies 

Secretary 

Regulation CC -- technical amendments to appendix A to reflect the restructuring of 

check processing operations in the Cleveland, Chicago, and Dallas Federal Reserve 

Districts (Docket No. R-1224). 

- Approved, February 16, 2005 

(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, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(1) BankFive, MHC and BankFive Corporation, both of Fall River, 

Massachusetts - application to become a mutual bank holding 

company and a stock bank holding company respectively, by 

acquiring Fall River Five Cents Savings Bank, also of Fall 

River, Massachusetts

Newspaper – N/Avail

Fed Reg – 03/03/2005

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

FBSEA Banco Latinoamericano De Exportaciones, S.A., Panama City, 

Panama, to establish a representative office in Miami, Florida.

Newspaper – N/Avail

FBSEA Banco Votorantim, Sao Paulo, Brazil, to establish a 

representative office in New York, New York.

Newspaper – N/Avail

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Second Quarter of 2005

Institution Location

Adirondack TC 473 Broadway, Saratoga Springs, New York

Bank of New York One Wall Street, New York, New York

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

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

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

circumstances.
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3(a)(3) Sterling Financial Corporation, Lancaster, PA, to retain 

100% ownership of Delaware Sterling Bank & Trust 

Company, Christiana, DE.

Newspaper – 02/24/2005

Fed Reg – 03/11/2005

3(a)(5) KNBT Bancorp, Inc., Bethlehem, PA, to acquire 100% of 

Northeast Pennsylvania Financial Corp., Hazelton, PA, and 

thereby indirectly acquire First Federal Bank, Hazelton, 

PA, and thereby operate a savings association.

Newspaper – 03/03/2005

Fed Reg – 03/18/2005

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

*Branch Andover Bank, Andover, OH to establish a branch at 100 South 

Chestnut Street, Jefferson, OH

Newspaper – 02/24/2005

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 5

Federal Reserve Bank of Richmond

Applications and notifications filed during the week ending Saturday, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

CIC Notice of Change in Control filed by Mr. Hylton Wright, Betty 

Wright, Tamara Thomas, Loudene Riggs, Alease Lambert, and 

Evelyn Wright as a group to control up to 19.65% of the voting 

shares of Surrey Bancorp, Mount Airy, North Carolina.*

Fed Reg – N/Avail

Newspaper – N/Avail

*Subject to the provisions of the Community Reinvestment Act.

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

25A Fleet National Bank, Providence, Rhode Island, to amend 

the articles of association of its Edge Corporation subsidiary, 

Boston Overseas Financial Corporation, Boston, Massachusetts.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

781028 Bank of Essex

323 Prince Street

Tappahannock, Virginia 22560

11/29/2004 02/13/2005 O X

Section VI – CRA examinations scheduled for 2nd Quarter of 2005

Institution Location

Southern Community Bank and Trust Winston-Salem, North Carolina

Capital One Glen Allen, Virginia

MainStreet Bank Herndon, Virginia

The Bank of Marion Marion, Virginia

Hanover Bank Mechanicsville, Virginia

Heritage Bank and Trust Norfolk, Virginia

Consolidated Bank and Trust Company Richmond, Virginia

Planters Bank and Trust Company of Virginia Staunton, Virginia

Bank of Monroe Union, West Virginia

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

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

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

circumstances.
District 6

Federal Reserve Bank of Atlanta

Applications and notifications filed during the week ending Saturday, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch 1

st United Bank, Boca Raton, Florida, to establish a branch 

located at 335 South County Road, Palm Beach, Florida.*

Newspaper – 02/24/2005

Branch Pilot Bank, Tampa, Florida, to establish a branch located at 668 

Oakfield Drive, Brandon, Florida.*

Newspaper – 02/27/2005

*Subject to provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

CIC First Georgia Community Corporation, Jackson, Georgia, afterthe-fact change in control notice filed by William B. Jones,

Martha S. Jones Trust FBO Bryan Jones, Martha S. Jones

Trustee, Christopher Bryan Jones, Jones Family Fund

Foundation, and Jones Petroleum Company, Inc., all of Jackson, 

Georgia, to retain 11.82 percent of the outstanding shares of 

First Georgia Community Corp., and its subsidiary, First

Georgia Community Bank, both of Jackson, Georgia.

Newspaper – N/Avail

Fed Reg – N/Avail

CIC Frontier National Corporation, Sylacauga, Alabama, prior 

change in control notice filed by the CM/FS Reeves Investment, 

L.P., Frances Skinner Reeves, Charles Monroe Reeves, Craig 

Jody Berlin, all of West Point, Georgia; Steven deRalph

Townson, Chelsea, Alabama; Steven Jeffrey Eisen, Nashville, 

Tennessee; Harold Beryl Kushner, Birmingham, Alabama; and 

Christopher Noel Zodrow, Auburn, Alabama; to acquire 32.00 

percent of the outstanding shares of Frontier National

Corporation, Sylacauga, Alabama, and its subsidiary, Frontier 

Bank, LaGrange, Georgia.

Newspaper – 03/04/2005

Fed Reg – 02/15/2005
Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

2817677 Bay Bank

10861 Dauphin Island Parkway

Theodore, Alabama 36582

(251) 973-0333

11/01/2004 02/16/2005 S X

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, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Iowa State Bank, Wapello, Iowa, to establish a branch facility to 

be located at 1403 S. Roosevelt Avenue, Burlington, Iowa.*

Newspaper – 02/17/2005

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3(a)(3) Capitol Bancorp, Ltd., Lansing, Michigan, to acquire 51 percent 

of the voting shares of Peoples State Bank, Jeffersonville, 

Georgia.*

Fed Reg – 02/22/2005

Newspaper – N/Avail

CIC Notice by Michael J. Rivers, Winona, Minnesota, to acquire 

approximately 22.07 percent of the voting shares of Central 

Wisconsin Financial Services, Inc., Wausau, Wisconsin, and 

thereby indirectly acquire Bank of Wausau, Wausau, Wisconsin.

Fed Reg – 02/22/2005

Newspaper – N/Avail

3(a)(1) Independent Alliance Banks, Inc., Fort Wayne, Indiana, to 

become a bank holding company by acquiring 100 percent of the 

voting shares of Grabill Bancorp, Grabill, Indiana, and thereby 

indirectly acquire Grabill Bank, Grabill, Indiana, and Marbanc 

Financial Corporation, Markle, Indiana, and thereby indirectly 

acquire MarkleBank, Markle, Indiana.*

Fed Reg – N/Avail

Newspaper – N/Avail

3(a)(3) LeRoy C. Darby, Inc. Employee Stock Ownership Plan With 

401(k) Provisions, Monona, Iowa, to acquire an additional 17 

shares of common stock, or 11.33 percent, of LeRoy C. Darby, 

Inc., Monona, Iowa, for an aggregate ownership of up to 36 

percent, and thereby indirectly acquire Peoples State Bank, 

Elkader, Iowa, and Union State Bank, Monona, Iowa.*

Fed Reg – 03/04/2005

Newspaper – 03/04/2005

3(a)(3) LeRoy C. Darby, Inc., Monona, Iowa, and LeRoy C. Darby, Inc. 

Employee Stock Ownership Plan With 401(k) Provisions, 

Monona, Iowa, to acquire 100 percent of PSB Bancshares, Ltd., 

Postville, Iowa, and thereby indirectly acquire Postville State 

Bank, Postville, Iowa.*

Fed Reg – 03/04/2005

Newspaper – 03/04/2005
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(3) Prairieland Bancorp Employee Stock Ownership Plan and Trust, 

Bushnell, Illinois, to increase its ownership from 44.97 percent 

to 49.69 percent of Prairieland Bancorp, Inc., Bushnell, Illinois, 

and thereby indirectly acquire Farmers and Merchants State 

Bank of Bushnell, Bushnell, Illinois.*

Fed Reg – N/Avail

Newspaper – 03/14/2005

CIC Notice by Douglas M. Kratz, Bettendorf, Iowa, and Perry B. 

Hansen, Rapids City, Illinois, to acquire more than 24.99 percent 

of the voting shares of Ridgestone Financial Services, Inc., 

Brookfield, Wisconsin, and thereby indirectly acquire 

Ridgestone Bank, Brookfield, Wisconsin.

Fed Reg – 02/22/2005

Newspaper – 02/21/2005

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4(c)(8) First Eagle Bancshares, Inc., Hanover Park, Illinois, to continue 

to engage in making or extending loans or credit.

Fed Reg – 03/08/2005

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Second Quarter of 2005

Institution Location

Hinsdale Bank and Trust Co. Hinsdale, Illinois

Grundy Bank Morris, Illinois

Cole Taylor Bank Rosemont, Illinois

UnionBank Streator, Illinois

Alpha Community Bank Toluca, Illinois

Hinsbrook Bank and Trust Co. Willowbrook, Illinois

1

st Source Bank South Bend, Indiana

Isabella Bank and Trust Mount Pleasant, Michigan

Warren Bank Warren, Michigan

First Banking Center Burlington, Wisconsin

Baylake Bank Sturgeon Bay, Wisconsin

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

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

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

circumstances.
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

3A1 BNA Bancshares, Inc., New Albany, Mississippi, to become a 

bank holding company by acquiring 100 percent of Bank of 

New Albany, New Albany, Mississippi. (Previously submitted 

during the week ending February 12, 2005.)

Newspaper – 03/07/2005

Fed Reg – 03/18/2005

3A3, 18C, and

Branch

First Banks, Inc., St. Louis, Missouri, and its subsidiary bank 

holding company, The San Francisco Company, San Francisco, 

California, to acquire 100 percent of FBA Bancorp, Inc., 

Chicago, Illinois, and thereby indirectly acquire First Bank of 

the Americas, S.S.B., Chicago, Illinois. Also, First Bank, St. 

Louis, Missouri, to merge with First Bank of the Americas, 

S.S.B., Chicago, Illinois, and to retain the acquired facilities as 

branch offices.* 

Newspaper – 03/16/2005

Fed Reg – 03/18/2005

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

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, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

CIC Retroactive Notice by The Brian C. Barenscheer 2004 

Revocable Trust - A, Minneapolis, Minnesota; Charles F. 

Diessner, trustee, Maple Grove, Minnesota; James P. 

Barenscheer, trustee, Bloomington, Minnesota; and John M. 

MacKany, trustee, Eden Prairie, Minnesota to gain control of 

American Bancorporation, St. Paul, Minnesota, and thereby 

indirectly gain control of American Bank of St. Paul, St. Paul, 

Minnesota and Olivia Bancorporation, Inc., St. Paul, Minnesota, 

the parent company of American State Bank of Olivia, Olivia, 

Minnesota.

Fed Reg – 02/28/2005

Newspaper – 02/24/2005

CIC Notice by William E. Blomster, Keri Hilgendorf and Lance 

Blomster all of Fairmont, Minnesota acting in concert to gain 

control of B & M Bancshares, Inc., Fairmont, Minnesota and 

thereby indirectly gain control of State Bank of Fairmont, 

Fairmont, Minnesota.

Fed Reg – 02/16/2005

Newspaper – N/Avail

3(a)(1) Bozeman Bancorp, Inc., Manhattan, Montana, to become a bank 

holding company by acquiring 100 percent of the voting shares 

of Bank of Bozeman, Bozeman, Montana.*

Fed Reg – 03/14/2005

Newspaper – N/Avail

CIC Retroactive Notice by The Brian C. Barenscheer 2004 

Revocable Trust - B, Minneapolis, Minnesota; Charles F. 

Diessner, trustee, Maple Grove, Minnesota; James P. 

Barenscheer, trustee, Bloomington, Minnesota; and John M. 

MacKany, trustee, Eden Prairie, Minnesota to gain control of 

Citizens Bancshares of Woodville, Inc., Woodville, Wisconsin 

and thereby indirectly gain control of Citizens State Bank, 

Hudson, Wisconsin.

Fed Reg – 02/28/2005

Newspaper – 02/24/2005
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(1) Freedom Bancorporation, Columbia Falls, Montana, to become 

a bank holding company by acquiring 100 percent of Freedom 

Bank, Columbia Falls, Montana, a de novo bank.*

Fed Reg – 03/18/2005

Newspaper – N/Avail

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None

Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 10

Federal Reserve Bank of Kansas City

Applications and notifications filed during the week ending Saturday, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

CIC Notification by Bill D. Inhofe, Muskogee, Oklahoma, to acquire 

control of Boynton Holding Company, parent of Territory Bank, 

both in Muskogee, Oklahoma.

Newspaper – N/Avail

Fed Reg – 02/22/2005

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

896856 Castle Rock Bank

501 Wilcox Street

Castle Rock, Colorado 80104-1736

11/15/2004 02/17/2005 S X

236751 First State Bank NM

120 W. Plaza

Taos, New Mexico 87571-5923

10/24/2004 02/18/2005 O X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, February 19, 2005

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Nara Bank, Los Angeles, California, to establish a branch 

facility to be located at 1890 West Redondo Beach Boulevard, 

Gardena, California.*

Newspaper – 02/18/2005

Branch Nara Bank, Los Angeles, California, to establish a branch 

facility to be located at 209-07 and 209-09 Northern Boulevard, 

Bayside, New York.*

Newspaper – 02/18/2005

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

3(a)(5)(C) Cashmere Valley Financial Corporation, Cashmere, 

Washington, to become a bank holding company by acquiring at 

least 67 percent of Cashmere Valley Bank, Cashmere, 

Washington.
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None