Federal Reserve Release

H.2

Actions of the Board, Its Staff, 

and the Federal Reserve Banks; 

Applications and Reports Received

No. 30

Week Ending July 26, 2003

Board of Governors of the Federal Reserve System, Washington, DC 20551
July 20, 2003 to July 26, 2003

BS&R

C&CA

FOMC

RBOPS

IF

OSDM

Banking Supervision and Regulation

Consumer and Community Affairs

Federal Open Market Committee

Reserve Bank Operations and Payment Systems

International Finance

Office of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

Bank of Clarke County, Berryville, Virginia -- to establish a branch at 1879 Berryville 

Pike, Winchester.

- Approved, July 22, 2003 

Richmond

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

Antoine Drive and Tomball Parkway, Houston, Texas.

- Approved, July 23, 2003 

Atlanta

Farmers and Merchants Bank of Rockford, Spokane, Washington -- to establish a 

branch at 2501 West Wellesley Avenue.

- Approved, July 23, 2003 

San Francisco

Bank Holding Companies

Alapaha Holding Company, Alapaha, Georgia -- to become a bank holding company 

through the acquisition of Bank of Alapaha.

- Approved, July 22, 2003 

Atlanta

Bank Vest, Inc., Denver, Colorado -- to become a bank holding company through the 

acquisition of shares of BW Holdings, Inc., Castle Rock, and its subsidiary bank, Canon 

National Bank.

- Approved, July 25, 2003 

Kansas City

Canon Bank Corporation, Canon City, Colorado -- to become a bank holding company 

through the acquisition of shares of Canon National Bank.

- Withdrawn, July 25, 2003 

Kansas City

(AC) = Addition or Correction Delegated - Page 1 of 5
H.2 Actions under delegated authority July 20, 2003 to July 26, 2003

Bank Holding Companies

CNB Holdings, Inc., Alpharetta, Georgia -- commitment waiver request.

- Granted, July 23, 2003 

Atlanta

Community State Bank Employee Stock Ownership Plan & Trust, Union Grove, 

Wisconsin -- to become a bank holding company through the retention of shares of Union 

Bancorporation and the indirect acquisition of Community State Bank.

- Approved, July 22, 2003 

Chicago

Marco Community Bancorp, Inc., Marco Island, Florida -- to become a bank holding 

company through the acquisition of Marco Community Bank, a de novo bank.

- Approved, July 25, 2003 

Atlanta

Mercantile Bankshares Corporation, Baltimore, Maryland -- waiver of application in 

connection with the proposed formation of Townsend Interim Bank, Townsend, 

Delaware, and the proposed merger of Townsend Building and Loan Association with 

Mercantile's subsidiary bank, County Banking and Trust Company, Elkton, Maryland.

- Granted, July 25, 2003 

Secretary

Midamerica Financial Corporation, Des Moines, Iowa -- to engage de novo in investment 

advisory activities through Midamerica Investment Advisory Group, Inc. and for its 

parent, BTC Financial Corporation, to engage indirectly in investment advisory activities.

- Approved, July 24, 2003 

Chicago

Mitsubishi-Tokyo Financial Group, Inc., Tokyo, Japan, and The Mitsubishi Trust and 

Banking Corporation -- to acquire the remaining shares of Spectrum Capital, Ltd., 

Greenwich, Connecticut, and thereby engage in financing and leasing activities.

- Approved, July 23, 2003 

Secretary

(AC) = Addition or Correction Delegated - Page 2 of 5
H.2 Actions under delegated authority July 20, 2003 to July 26, 2003

Bank Holding Companies

State Bank Corporation, Lake Havasu City, Arizona -- to become a bank holding 

company through the acquisition of Mohave State Bank.

- Approved, July 25, 2003 

San Francisco

Wells Fargo & Company, San Francisco, California -- commenter's request to extend the 

comment period on the application to acquire Two Rivers Corporation, Grand Junction, 

Colorado, and Bank of Grand Junction.

- Granted, July 22, 2003 

Secretary

Wells Fargo & Company, San Francisco, California -- commenters' requests to extend 

the comment period on the application to acquire Pacific Northwest Bancorp, Seattle, 

Washington, and Pacific Northwest Bank.

- Denied, July 25, 2003 

Secretary

Bank Premises

The Bank of Commerce, Wetumka, Oklahoma -- to increase its investment in bank 

premises.

- Approved, July 23, 2003 

Secretary

Competitive Factors Reports

Bank of Lecompte, Lecompte, Louisiana -- report on competitive factors of the 

proposed merger with Red River Interim Bank, Alexandria, a de novo bank.

- Submitted, July 23, 2003 

Atlanta

Bank of Visalia, Visalia, California -- report on competitive factors of the proposed 

acquisition of the Fresno branch of Humboldt Bank, Eureka.

- Submitted, July 21, 2003 

San Francisco

(AC) = Addition or Correction Delegated - Page 3 of 5
H.2 Actions under delegated authority July 20, 2003 to July 26, 2003

Competitive Factors Reports

Carolina First Bank, Greenville, South Carolina -- report on competitive factors of the 

proposed merger with MountainBank, Hendersonville, North Carolina.

- Submitted, July 22, 2003 

Richmond

Cheviot Savings Bank, Cincinnati, Ohio -- report on competitive factors of the proposed 

merger with Cheviot Interim Bank I and Cheviot Interim Bank II.

- Submitted, July 21, 2003 

Cleveland

Community Bank of Arizona, National Association, Wickenburg, Arizona -- report on 

competitive factors of the proposed merger with Valley Bank of Arizona, Phoenix.

- Submitted, July 21, 2003 

San Francisco

Eagle National Bank, Upper Darby, Pennsylvania -- report on competitive factors of the 

proposed merger with Eagle Interim Bank, National Association.

- Submitted, July 25, 2003 

Philadelphia

First Financial Bank, Englewood, Colorado -- report on competitive factors of the 

proposed acquisition of certain assets and assumption of certain liabilities of Concord 

EFS National Bank, Memphis, Tennessee.

- Submitted, July 22, 2003 

Kansas City

Heritage Oaks Merger Corp., Paso Robles, California -- report on competitive factors of 

the proposed merger with Hacienda Bank, Santa Maria.

- Submitted, July 25, 2003 

San Francisco

Plumas Bank, Quincy, California -- report on competitive factors of the proposed 

acquisition of certain branches of Placer Sierra Bank, Auburn.

- Submitted, July 25, 2003 

Secretary

(AC) = Addition or Correction Delegated - Page 4 of 5
H.2 Actions under delegated authority July 20, 2003 to July 26, 2003

Competitive Factors Reports

Sabine State Bank and Trust Company, Many, Louisiana -- report on competitive factors 

of the proposed acquisition of the Hineston branch of Hancock Bank of Louisiana, Baton 

Rouge.

- Submitted, July 24, 2003 

Dallas

Extensions Of Time

Bank of Blue Valley, Overland Park, Kansas -- extension to October 9, 2003, to 

establish a branch at 13401 Mission Road, Leawood.

- Granted, July 25, 2003 

Kansas City

First Banking Center, Burlington, Wisconsin -- extension to August 30, 2004, to establish 

a branch at 15999 Highway 81, Darlington.

- Granted, July 22, 2003 

Chicago

First United Bank, Englewood, Colorado -- extension to October 22, 2003, to establish 

a branch at 6500 West 104th Avenue, Westminster.

- Granted, July 22, 2003 

Kansas City

Regions Bank, Birmingham, Alabama -- extension to August 21, 2004, to establish a 

branch at 3577 Hacks Cross Road, Memphis, Tennessee.

- Granted, July 23, 2003 

Atlanta

Resource Bank, Virginia Beach, Virginia -- extension to February 22, 2004, to establish 

a branch at One Columbus Center, Suite 105.

- Granted, July 23, 2003 

Richmond

(AC) = Addition or Correction Delegated - Page 5 of 5
District 1

Federal Reserve Bank of Boston

Applications and notifications filed during the week ending Saturday, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 2

Federal Reserve Bank of New York

Applications and notifications filed during the week ending Saturday, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

BRANCH Peapack-Gladstone Bank, Gladstone, New Jersey, to establish 

branches at (i) The Morristown branch located at 223 South 

Street, Morristown, New Jersey and (ii) The Tewksbury Branch 

located at the corner of Routes 517 and 523, Tewksbury, New 

Jersey.

Newspaper – 8/15/2003

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

4c8 Banco Bilbao Vizcaya Argentaria, S.A., Bilbao Vizcaya, Spain 

and Grupo Financiero BBVA Bancomer, S.A. de C.V., Mexico 

City, Mexico, to engage de novo, through 4 U.S. nonbank 

subsidiaries of BBVA Bancomer, in the following activities that 

have been previously approved by Board order; domestic and 

international money transmission; check cashing and bill 

payments; and to engage in issuing and selling money orders, 

Traveler’s checks, and prepaid telephone cards.

Fed Reg – 8/13/2003
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 he lp meet the credit needs 

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 3

Federal Reserve Bank of Philadelphia

Applications and notifications filed during the week ending Saturday, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 4

Federal Reserve Bank of Cleveland

Applications and notifications filed during the week ending Saturday, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Notice by Sky Bank, Salineville, Ohio, to establish a branch at 

2417 Tuscarawas Street West, Canton, Ohio

Newspaper - 07/30/2003

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

Other Foreign KeyBank, National Association, Cleveland, Ohio, seeks 

authority to invest in the aggregate an amount up to 13% of its 

capital stock and surplus in all Edge and Agreement corporation 

subsidiaries. KeyBank would effect this proposed increase in its 

aggregate foreign investments through a long-range investment 

plan contemplated by section 211.9(a)(4) of Regulation K.
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

Investment KeyBank, N.A., Cleveland, Ohio, acting through its whollyowned agreement corporation subsidiary, KRM Holdings, Inc., 

Albany, New York, has provided 30-day prior notice of its intent 

to invest an additional US$220 million in its wholly-owned 

subsidiary, KRM Leasing, Ltd., Hamilton, Bermuda, pursuant to 

section 211.9(f) of Regulation K. This proposal required 

concurrent processing with a related request by KeyBank, N.A., 

to make additional aggregate investments in an amount up to 

13% of its capital stock and surplus in all Edge and Agreement 

corporation subsidiaries pursuant to section 211.5(h) of 

Regulation K.

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, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

2471239 AmericasBank

500 York Road

Towson, Maryland 21204

04/07/2003 07/20/2003 S X

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, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

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

located at 3242 Little Road, Trinity, Florida, to be known as the 

Mitchell Plaza Branch.*

Newspaper-07/29/2003

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

located at 751 Duval Station Road, Jacksonville, Florida, to be 

known as the Duval Station Branch.*

Newspaper-08/06/2003

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

located at 4422 Southside Boulevard, Jacksonville, Florida, to be 

known as the Deerwood Lake Branch.*

Newspaper-08/06/2003

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

located at 6070 Carothers Parkway, Franklin, Tennessee, to be 

known as the Cool Springs East Branch.*

Newspaper-08/06/2003

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

located at 3524 Lakeland Highlands Road, Lakeland, Florida, to 

be known as the South Lakeland Branch.*

Newspaper-08/06/2003

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

located at 10050 Coursey Boulevard, Baton Rouge, Louisiana, 

to be known as the Airline Branch.*

Newspaper-08/06/2003

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

located at the intersection of South Hulen Street and Bellaire 

Drive South, Fort Walton Beach, Florida.*

Newspaper-07/29/2003

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

located at the intersection of FM 720 and FM 423, Dallas, 

Texas, to be known as the Dallas-FM 720 Branch.*

Newspaper-07/29/2003

*Subject to provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

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 7

Federal Reserve Bank of Chicago

Applications and notifications filed during the week ending Saturday, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

CIC Notice by Harry S. Coin, Moline, Illinois, to acquire control of 

more than 25 percent of the outstanding shares of Ambank 

Holdings, Inc., Rock Island, Illinois, and thereby indirectly 

acquire American Bank & Trust Company, N.A., Davenport, 

Iowa.

Fed Reg – 08/01/2003

Newspaper – 08/05/2003

3(a)(1) East Dubuque Bancshares, Inc., Dubuque, Iowa, to become a 

bank holding company when its subsidairy, East Dubuque 

Savings Bank, East Dubuque, Illinois, converts from a federal 

savings bank to a state chartered bank.*

Fed Reg – 08/11/2003

Newspaper – 08/14/2003

3(a)(3) & 4(c)(8) First Fontanelle Bancorporation, Inc., Fontanelle, Iowa, to 

acquire 100 percent of the voting shares of Corn Belt 

Bancorporation, Inc., Anita, Iowa, and thereby indirectly acquire 

Union National Bank, Anita, Iowa, and to acquire Corn Belt 

Insurance Agency, Massena, Iowa, and thereby to engage in 

insurance agency activities.*

Fed Reg – 08/18/2003

Newspaper – N/Avail

CIC Notice by Daniel A. Hamann, Omaha, Nebraska, Esther 

Hamann Brabec, Omaha, Nebraska, and Julie Hamann 

Bunderson, Elkhorn, Nebraska, both "acting in concert" and 

each individually to gain control of Great Western 

Bancorporation, Inc., Omaha, Nebraska.

Fed Reg – 08/01/2003

Newspaper – N/Avail
Section II – Applications subject to both newspaper and Federal Register notice

Type Application

Ending date of

comment period

3(a)(1) & 4(c)(8) Kankakee Bancorp, Inc., Kankakee, Illinois, to become a bank 

holding company by merging with Aviston Financial 

Corporation, Aviston, Illinois, and thereby indirectly acquiring 

100 percent of the voting shares of State Bank of Aviston, 

Aviston, Illinois; to retain control of KFS Bank, F.S.B., 

Kankakee, Illinois, and thereby operate a savings association; to 

engage in real estate appraisal services through KFS Service 

Corp., Kankakee, Illinois, a wholly-owned subsidiary of KFS 

Bank F.S. B., Kankakee, Illinois, and to engage in securities 

brokerage activities through KFS Insurance Agency, Inc., 

Kankakee, Illinois, a wholly-owned subsidiary of KFS Service 

Corp., Kankakee, Illinois, which is a wholly-owned subsidiary 

of KFS Bank, F.S.B., Kankakee, Illinois.*

Fed Reg – 07/12/2003

Newspaper – 07/07/2003

3(a)(5) Merchants & Manufacturers Bancorporation, Inc., Brookfield, 

Wisconsin and Merchants Merge r Corp., Brookfield, Wisconsin, 

to acquire 100 percent of the voting shares of Random Lake 

Bancorp, Limited, Random Lake, Wisconsin, and thereby 

indirectly acquire Wisconsin State Bank, Random Lake, 

Wisconsin.*

Fed Reg – 08/15/2003

Newspaper – N/Avail

3(a)(3) Merchants & Manufacturers Bancorporation, Inc., Brookfield, 

Wisconsin and Merchants New Merger Corp., Brookfield, 

Wisconsin, to acquire 100 percent of the voting shares of 

Reedsburg Bancorporation, Inc., Reedsburg, Wisconsin, and 

thereby indirectly acquire The Reedsburg Bank, Reedsburg, 

Wisconsin.

Fed Reg – 08/15/2003

Newspaper – N/Avail

3(a)(3) Oswego Community Bank Employee Stock Ownership Plan, 

Oswego, Illinois, to increase their ownership from 32.96 percent 

to 51 percent of Oswego Bancshares, Inc., Oswego, Illinois, and 

thereby indirectly acquire Oswego Community Bank, Owsego, 

Illinois.*

Fed Reg – 08/15/2003

Newspaper – 08/09/2003

3(a)(1) TeamCo, Inc., Oak Lawn, Illinois, to become a bank holding 

company through the acquisition of 100 percent of the voting 

shares of Oak Lawn Bank, Oak Lawn, Illinois.*

Fed Reg – 08/15/2003

Newspaper – N/Avail

CIC Notice by Frank E. Powers, Defiance, Iowa, to acquire 22.33 

percent interest in Union Bancorporation, Defiance, Iowa, and 

thereby indirectly acquire Defiance State Bank, Defiance, Iowa.

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

4(c)(8) North Salem State Bancorporation, North Salem, Indiana, 

proposes to acquire 50 percent of the voting shares of Lenders'-

North Salem, LLC, New Albany, Indiana.

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

68840 Union Bank & Trust Co.

2 E. Main Street

Evansville, Wisconsin 53536

(608) 882-5200

03/17/2003 07/23/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 8

Federal Reserve Bank of St. Louis

Applications and notifications filed during the week ending Saturday, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch First Bank, St. Louis, Missouri, to establish a branch facility to 

be located at 1375 Harbor Boulevard, Fullerton, California. 

(Previously submitted during the week ending July 19, 2003)*

Newspaper – 08/02/2003 

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

3A1 BCAC, Inc., Rosiclare, Illinois, to become a bank holding 

company by acquiring at least 66.7 percent of Banterra Corp., 

Eldorado, Illinois, and thereby indirectly acquire First of 

Murphysboro Corp., Murphysboro, Illinois, The First Bank and 

Trust Company of Murphysboro, Murphysboro, Illinois, and 

Banterra Bank, Marion, Illinois.*

Newspaper – 08/24/2003

Fed Reg – N/Avail

CIC Notice by Darryl L. Woods, Kristy L. Woods, and the Darryl L. 

Woods Living Trust, all of Ashland, Missouri, to gain control of 

Calvert Financial Corporation, Inc., Jefferson City, Missouri. 

Newspaper – 08/13/2003

Fed Reg – N/Avail

3A3 Campbell Hill Bancshares, Inc., Campbell Hill, Illinois, to 

acquire 100 percent of Southwest Illinois Bancshares, Inc., 

Coulterville, Illinois, and thereby indirectly acquire The First 

National Bank of Coulterville, Coulterville, Illinois. (Previously 

submitted during the week ending July 19, 2003)*

Newspaper – 08/24/2003

Fed Reg – 08/21/2003 

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

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

Type Application

4c8 First National Bank of Berryville Employee Stock Ownership 

Trust, Berryville, Arkansas, and its subsidiary First Carroll 

Bankshares, Inc., Berryville, Arkansas, propose to engage in 

leasing personal property.

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, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Dacotah Bank Rolla, North Dakota, to establish a branch facility 

to be located at 1121 South Broadway, Minot, North Dakota.*

Newspaper - 07/25/2003

*Subject to the provisions of the Community Reinvestment Act.

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

Type Application

Ending date of

comment period

CIC Retroactive notice by Fredrick Bernard Gariepy and the Peter 

Gariepy Estate Trust, Fredrick Gariepy as trustee, both of St. 

Ignatius, Montana, to retain control of Lake County Bank, St. 

Ignatius, Montana.

Fed Reg- 08/07/2003

Newspaper- 08/10/2003

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

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

655651 Montana State Bank, Plentywood, 

Montana

03/31/2003 07/22/2003 S X

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, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch The Tilden Bank, Tilden, Nebraska, to establish a branch at 709 

Peabody Avenue, Creighton, Nebraska.

Newspaper - 08/01/2003

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

Type Application

Ending date of

comment period

3(a)(3) Shamrock Bancshares, Inc. Employee Stock Ownership Plan, 

Coalgate, Oklahoma, to acquire an additional 43.12 percent, for 

a total of 68.46 percent of the voting shares of Shamrock 

Bancshares, Inc., parent of Shamrock Bank, National 

Association, both in Coalgate, Oklahoma.

Newspaper - 08/15/2003

Fed Reg - 08/22/2003

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

Withdrawal of 

Membership

SpiritBank, Tulsa, Oklahoma requests to withdraw from 

membership of the Federal Reserve System.
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

Extension Request Bank of Blue Valley, Overland Park, Kansas requests an 

extension of time from July 9, 2003 to October 9, 2003, in which 

to consummate the establishment of a branch at 13401 Mission 

Road, Leawood, 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 Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

2380470 Premier Bank

1630 Stout Street

Denver, Colorado 80202

04/21/2003 07/23/2003 S X

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 11

Federal Reserve Bank of Dallas

Applications and notifications filed during the week ending Saturday, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

None

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

Type Application

Ending date of

comment period

None

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

None
Section V – Availability of CRA public evaluations

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

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

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

was revised in May 1995.

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

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

for deposit facilities.

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

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

O = Outstanding

S = Satisfactory

NI = Needs to improve

SN = Substantial noncompliance

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

RSSD Exam type

number Institution/Location

Examination

date

CRA

public date

CRA

rating LrgBk SmBk

None

Section VI – CRA examinations scheduled for Quarter of

Institution Location

None
District 12

Federal Reserve Bank of San Francisco

Applications and notifications filed during the week ending Saturday, July 26, 2003

Section I – Applications subject to newspaper notice only

Type Application

Ending date of

comment period

Branch Home Valley Branch, Grants Pass, Oregon, to establish a branch 

facility to be located at 290 Union Avenue, Grants Pass, 

Oregon.*

Newspaper – 07/26/2003

* Subject to the provisions of the Community Reinvestment Act

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

Type Application

Ending date of

comment period

CIC Notice by Robert Lee McKean, North Plains, Oregon, to 

increase his ownership in Albina Community Bancorp, Portland, 

Oregon.*

Newspaper – N/Avail 

Fed Reg – 07/17/2003

* Subject to the provisions of the Community Reinvestment Act

Section III – Applications subject to Federal Register notice only

Type Application

Ending date of

comment period

None

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

Type Application

3(a)(5)(C) Coastal Financial Corporation, Everett, Washington, to become 

a bank holding company by acquiring 100 percent of Coastal 

Community Bank, Everett, Washington.
Section IV – Applications not subject to Federal Register or newspaper notice

Type Application

4(c)(8) Bank of Hawaii Corporation, Honolulu, Hawaii, proposes to 

engage de novo in a joint venture between Bank of Hawaii, 

Honolulu, Hawaii, and Chicago Equity Partners, Chicago, 

Illinois, to be known by the name of Bankoh Investment 

Partners, LLC, Honolulu, Hawaii.

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