WIXLIB

Federal Reserve ReleaseH.2Actions of the Board, Its Staff,and the Federal Reserve Banks;Applications and Reports ReceivedNo. 17Week Ending April 27, 2002Board of Governors of the Federal Reserve System, Washington, DC 20551

H.2 Board ActionsApril 21, 2002 to April 27, 2002Testimony And StatementsFederal deposit insurance reform -- statement by Chairman Greenspan before the SenateCommittee on Banking, Housing, and Urban Affairs, April 23, 2002.- Published, April 23, 2002Recent economic developments and the availability of credit to small businesses -statement by Vice Chairman Ferguson before the House Small Business Committee, April24, 2002.- Published, April 24, 2002EnforcementCommunity Bank of Granbury, Granbury, Texas -- issuance of an order of assessment ofa civil money penalty.- Announced, April 26, 2002(AC) Addition or CorrectionBoard - Page 1 of 1

H.2 Actions under delegated authorityBS&RBanking Supervision and RegulationC&CAConsumer and Community AffairsFOMCFederal Open Market CommitteeApril 21, 2002 to April 27, 2002RBOPSIFOSDMReserve Bank Operations and Payment SystemsInternational FinanceOffice of Staff Director for ManagementBank Branches, DomesticNew YorkBanco Popular North America, New York, New York -- to establish a branch at 1610Main Avenue, Clifton, New Jersey.- Approved, April 24, 2002AtlantaColonial Bank, Montgomery, Alabama -- to establish a branch at 3901 Highway 78 East,Jasper.- Approved, April 26, 2002ClevelandFarmers Bank and Savings Company, Pomeroy, Ohio -- to establish a branch at 424Second Street, Mason, West Virginia.- Approved, April 23, 2002Kansas CityFirst United Bank, Englewood, Colorado -- to establish a branch at 6500 West 104thAvenue, Westminster.- Approved, April 22, 2002ChicagoIrwin Union Bank and Trust Company, Columbus, Indiana -- to establish a branch at2502 Lake Lansing Road, Lansing, Michigan.- Approved, April 26, 2002San FranciscoOak Valley Community Bank, Oakdale, California -- to establish a branch at 568 WestLine Street, Bishop.- Approved, April 24, 2002AtlantaPalm Beach County Bank, Boynton Beach, Florida -- to establish a branch at 2101Centrepark West Drive, Suite 150, West Palm Beach.- Approved, April 26, 2002(AC) Addition or CorrectionDelegated - Page 1 of 5

H.2 Actions under delegated authorityApril 21, 2002 to April 27, 2002Bank Branches, DomesticAtlantaSouthTrust Bank, Birmingham, Alabama -- to establish a branch at 9775 North 56thStreet, Temple Terrace, Florida.- Approved, April 26, 2002Bank Holding CompaniesKansas CityAmeri-National Corporation, Leawood, Kansas -- waiver of application requirements inconnection with the proposed acquisition of Winterset State Bank, Harrisonville, Missouri.- Granted, April 26, 2002AtlantaThe BANKshares, Inc., Melbourne, Florida -- to become a bank holding companythrough the acquisition of The Bank Brevard.- Approved, April 22, 2002ChicagoCapital Bancshares, Inc., Primghar, Iowa -- to become a bank holding company throughthe acquisition of Primghar Savings Bank.- Approved, April 26, 2002AtlantaCommunity First, Inc., Columbia, Tennessee -- to become a bank holding companythrough the acquisition of Community First Bank & Trust.- Withdrawn, April 22, 2002AtlantaFCB Florida Bancorporation, Inc., Orlando, Florida -- to become a bank holdingcompany through the acquisition of First Commercial Bank of Florida.- Approved, April 26, 2002ChicagoFirst Midwest Financial, Inc., Storm Lake, Iowa -- to engage in trust company activities.- Approved, April 25, 2002(AC) Addition or CorrectionDelegated - Page 2 of 5

H.2 Actions under delegated authorityApril 21, 2002 to April 27, 2002Bank Holding CompaniesRichmondMidCarolina Financial Corporation, Burlington, North Carolina -- to become a bankholding company through the acquisition of MidCarolina Bank.- Approved, April 24, 2002AtlantaSouthern Bancorp, Inc., Marietta, Georgia -- waiver of a commitment.- Granted, April 23, 2002Bank MergersKansas CityCommunity Banks of Southern Colorado, Rocky Ford, Colorado -- to merge withRocky Ford Federal Savings and Loan Association and establish a branch.- Approved, April 22, 2002Change In Bank ControlMinneapolisCurrie Bancorporation, Inc., Currie, Minnesota -- change in bank control notices.- Permitted, April 25, 2002Kansas CityState Bank Employee Stock Ownership Plan, Hoxie, Kansas -- change in bank control.- Permitted, April 25, 2002Competitive Factors ReportsBostonBrookline Savings Bank, Brookline, Massachusetts -- report on competitive factors ofthe proposed merger with Brookline Interim Savings Bank I, Brookline Interim SavingsBank II, and Brookline Interim Savings Bank III.- Submitted, April 24, 2002AtlantaCentury Bank, Lucedale, Mississippi -- report on competitive factors of the proposedmerger with Mobile County Bank, Grand Bay, Alabama.- Submitted, April 24, 2002(AC) Addition or CorrectionDelegated - Page 3 of 5

H.2 Actions under delegated authorityApril 21, 2002 to April 27, 2002Competitive Factors ReportsMinneapolisF & M Community Bank, Preston, Minnesota -- report on competitive factors of theproposed merger with F & M Community Bank, National Association, Chatfield.- Submitted, April 22, 2002MinneapolisFirst Federal Savings Bank LaCrosse-Madison, La Crosse, Wisconsin -- report oncompetitive factors of the proposed acquisition of the Albert Lea, Austin, Mankato, andRochester, Minnesota, branches of Commercial Federal Bank, a Federal Savings Bank,Omaha, Nebraska.- Submitted, April 22, 2002AtlantaMidSouth Bank, N.A., Lafayette, Louisiana -- report on competitive factors of theproposed purchase of assets and assumption of liabilities of the Morgan City branch ofIBERIABANK, New Iberia.- Submitted, April 24, 2002San FranciscoMission Bank, Bakersfield, California -- report on competitive factors of the proposedmerger with Mission Merger Company.- Submitted, April 25, 2002San FranciscoTerritorial Savings and Loan Association, Honolulu, Hawaii -- report on competitivefactors of the proposed conversion from a state to a federal mutual savings associationand reorganization into a two-tier mutual holding company.- Submitted, April 22, 2002DallasWells Fargo Bank Texas, National Association, San Antonio, Texas -- report oncompetitive factors of the proposed merger with First State Bank of Texas, Denton, andThe First National Bank of Texas, Decatur.- Submitted, April 23, 2002(AC) Addition or CorrectionDelegated - Page 4 of 5

H.2 Actions under delegated authorityApril 21, 2002 to April 27, 2002Extensions Of TimeSt. LouisThe Callaway Bank, Fulton, Missouri -- extension to September 1, 2002, to establish abranch at West Broadway and Broadfield Drive, Columbia.- Granted, April 22, 2002Financial Holding CompaniesMinneapolisFinancial Services of St. Croix Falls, Inc., St. Croix Falls, Wisconsin -- election tobecome a financial holding company.- Effective, April 25, 2002MembershipDallasCommunity Bank, Katy, Texas -- request for withdrawal from membership in the FederalReserve System.- Granted, April 18, 2002 (AC)Kansas CityCommunity Banks of the Rockies, La Jara, Colorado -- to retain membership in theFederal Reserve System after conversion from a national to a state charter.- Approved, April 22, 2002Kansas CityTerritory Bank, Muskogee, Oklahoma -- to retain membership in the Federal ReserveSystem after conversion from a national to a state charter.- Approved, April 26, 2002MinneapolisValley Bank-Dundas, Dundas, Minnesota -- request to waive the six months' notice ofwithdrawal from membership in the Federal Reserve System.- Granted, April 22, 2002(AC) Addition or CorrectionDelegated - Page 5 of 5

District 1Federal Reserve Bank of BostonApplications and notifications filed during the week ending Saturday, April 27, 2002Section I – Applications subject to newspaper notice onlyTypeApplicationEnding date ofcomment periodNoneSection II – Applications subject to both newspaper and Federal Register noticeEnding date ofcomment periodTypeApplication3(a)(3)Port Financial Corp., Brighton, Massachusetts - application toNewspaper - 05/16/2002increase its share ownership in Cambridge Bancorp, Cambridge, Fed Reg - 05/17/2002Massachusetts (Cambridge) up to 9.9% of the outstanding votingshares of CambridgeSection III – Applications subject to Federal Register notice onlyTypeApplicationNoneSection IV – Applications not subject to Federal Register or newspaper noticeTypeNoneApplicationEnding date ofcomment period

Section V – Availability of CRA public evaluationsThe Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needsof the communities in which they operate, including low- and moderate-income neighborhoods. It was enactedby the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulationwas revised in May 1995.The CRA requires that each depository institution's record in helping meet the credit needs of its entirecommunity be evaluated periodically. That record is taken into account in considering an institution's applicationfor deposit facilit ies.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 OutstandingS SatisfactoryNI Needs to improveSN Substantial noncomplianceThe following state member banks have been examined and their CRA public evaluations are now ndateNoneSection VI – CRA examinations scheduled forInstitutionNoneQuarter ofLocationCRApublic dateCRAratingExam typeLrgBk SmBk

District 2Federal Reserve Bank of New YorkApplications and notifications filed during the week ending Saturday, April 27, 2002Section I – Applications subject to newspaper notice onlyEnding date ofcomment periodTypeApplicationBranchJP Morgan Chase Bank, New York, New York, to relocate itsNewspaper – 05/25/20021121 Madison Avenue, New York, New York branch to 12 East86th Street, New York, New York.BranchFortis Bank S.A./N.V., Belgium, Netherlands, to establishbranches at 520 Madison Avenue, New York, New York, and 3Stamford Plaza, Stamford, Connecticut.Newspaper – N/ASection II – Applications subject to both newspaper and Federal Register noticeEnding date ofcomment periodTypeApplication3A1CSB Financial Corp., (“Financial”) Teaneck, New Jersey, toNewspaper – 04/30/2002become a bank holding company with respect to communityFed. Reg. – 04/19/2002State Bank, Teaneck, New Jersey, and notice by theLindenbaum Group and Basswood Partners LLC, which uponthe bank holding company formation, will own approximately22.6 percent of Financial, upon the conversion of bank shares toFinancial’s shares.3A1NorCrown Bancorp, Livingston, New Jersey, to become a onebank holding company for NorCrown Bank, Livingston, NewJersey.Fed. Reg. – N/ANewspaper – N/ASection III – Applications subject to Federal Register notice onlyTypeApplication4C8Munchener Ruckversicherungs-Gesellschaft AktiengesellschaftIn Munchen, Munich, Germany, to indirectly acquire VestrustSecurities LLC, Coral Gables, Florida, and thereby engage infinancial and investment advisory activities and agencytransactional services for customer investments.Ending date ofcomment periodFed. Reg. – N/A