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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Applications and Reports Received or Acted on
During the Week Ended December 6, 1969,
H.2
No. 49
District

2

Date
Proxy Statement (Special Meeting) Filed Pursuant
to Section 14(a) of the Securities Exchange Act
Received
Peoples Trust of New Jersey, Hackensack, New Jersey.

12- 3-69

* * * * *

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
The Bank of Danville, Danville, Virginia.
* * * * *

8

To Withdraw from Membership in the Federal Reserve
System Without a Six Month Notice as Prescribed by
Section 9 of the Federal Reserve Act
Received
Bank of Tuscumbia, Tuscutnbia, Missouri,

10

The Commercial Bank, Blue Hill, Nebraska,

10

The Farmers and Merchants State Bank, Wakefield, Kansas




* * * * *

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
Bankers Trust Company, New York, New York,
Branch at 228-230 Main Street, White Plains,
Westchester County,

H.2
No. 49
-2-

Received
(Cont'd)
Manufacturers Hanover Trust Company, New York,
New York. Branch in the Harrison Executive Park,
North Westchester Avenue, Town of Harrison,
Westchester County.

2

12

Seattle Trust and Savings Bank, Seattle, Washington.
Branch in the Crossroads Shopping Center, 15818
N.E. 8th Street, Bellevue.

12

United California Bank, Los Angeles, California.
Branch at 425 Shatto Place, Los Angeles.

12

United California Bank, Los Angeles, California.
Branch at the southeast corner of Marshall Street
and Jefferson Avenue, Redwood City.
Approved
^Marine Midland Grace Trust Company of New York, New
York, New York. Branch at One Old County Road,
unincorporated area of Carle Place, Town of North
Hempstead, Nassau County.

,2

2

^Marine Midland Trust Company of the Mohawk Valley,
Utica, New York. Branch at the Oneida County Airport,
Airport Road, Oriskany.
Wilmington Trust Company, Wilmington, Delaware.
Branch in the Brandywine Building now being
constructed on the city block bounded by West
and Tatnall Streets, and by Delaware Avenue and
Eleventh Street, Wilmington, New Castle County.

3

* * * * *

To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Approved
Republic National Bank of New York, New York, New
York. Branch in London, England.

2

*

*

* * *

*

Application processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.







To Merge Pursuant to Section 18(c) of
the Federal Deposit Insurance Act
Received
Union Bank, Los Angeles, California, for prior
approval to merge Commonwealth National Bank,
San Francisco, California, under the charter and
title of Union Bank.
Approved
The Colonial Bank and Trust Company, Waterbury,
Connecticut, for prior approval to merge The
Brooks Bank and Trust Company, Torrington,
Connecticut, under the charter and title of
The Colonial Bank and Trust Company.
*

*

ic *

i<

To Form a Bank Holding Company Pursuant to
Section 3(a)(1) of the Bank Holding Company
Act of 1956
Approved
Affiliated Bankshares of Colorado, Inc., Denver,
Colorado, for prior approval to become a bank
holding company through the acquisition of 67
per cent or more of the voting shares of the
following banks in the State of Colorado: First
National Bank in Boulder, Boulder; Arapahoe
National Bank of Boulder, Boulder; First National
Bank of Lafayette, Lafayette; First National Bank
of Louisville, Louisville; Greeley National Bank,
Greeley; Cache National bank of Greeley, Greeley;
West Greeley National Bank, Greeley; Farmers
National Bank of Ault, Ault; First National Bank
in Loveland, Love land; West lake First National Bank,
Loveland; First National Bank of Colorado Springs,
Colorado Springs; Bank of M a m t o u , Manitou Springs;
and Fort Carson National Bank, Fort Carson.
Reactlva ted
On H.2 No, 41, for che week ended October 11, 1969,
the Board repotted receipt of an application from
United Bancorp of Maine, Portland, Maine, requesting
permission to become a bank holding company. On
November 8, 1969, this application was placed in
suspense awaiting receipt of supplemental material
from Applicant. Following the Board's receipt of
the requested information, the application has been
reactivated.

H.2
No. 49

-4-

10

Suspense
On H.2 No. 38, for the week ended September 20^ 1969,
the Board reported receipt of an applica tiori frotn
Central Colorado Bancorp. Inc., Colorado Springs,
Colorado, requesting permission to become a bank
holding company. This application is now in
suspense awaiting receipt of supplemental material
from Applicant.
* * * * *

To Expand a Bank Holding Company Pursuant to
Section 3(a)(3) of the Bank Holding Company
Act of 1956
Received
2

Bankers Trust New York Corporation, New York, New York,
for prior approval to acquire 100 per cent of the
voting shares of Bankers Trust Company of Rochester,
Rochester, New York, a proposed new bank.

7

First Wisconsin Bankshares Corporation, Milwaukee,
Wisconsin, for prior approval to acquire 80 per cent
or more of the voting shares of First West Towne
National Bank of Madison, Madison, Wisconsin, a
proposed new bank.

10

Commerce Bancshares, Inc., Kansas City, Missouri,
for prior approval to acquire more than 80 per cent
of the voting shares of Tipton Farmers Bank, Tipton,
Missouri.

10

Central Banking System, Inc., Oakland, California,
for prior approval to acquire at least 51 per cent
of the voting shares of Bank of Fairfield, Fairfield,
California, a proposed new bank.

5




Approved
Virginia Commonwealth Bankshares, Inc., Richmond,
Virginia, for prior approval to acquire 100 per
cent of the voting shares of The Bank of Danville,
Danville, Virginia, an interim bank that will be
merged into Security Bank and Trust Company,
Danville, Virginia.




Reactiva ted
On H.2 No, 35, for the week ended August 30, 1969, the
Board reported receipt of an application from Barnett
National Securities Corporation, Jacksonville, Florida,
for prior approval to acquire 70 per cent or more of
the voting shares of Barnett Bank of Daytona Beach,
Daytona Beach, Florida, a proposed new bank. On
November 8, 1969, this application was placed in
suspense awaiting approval of deposit insurance of
the FDIC. Fo1lowing notification of deposit insurance
approval, the application has been reactivated.
On H. 2 No. 38, for the week ended September 20, 1969,
the Board reported receipt of an application from
First Financial Corporation, Tampa, Florida, for
prior approval to acquire not less than 80 per cent
of the voting shares of The First National Bank in
Punta Gorda, Punta Gorda, Florida . The application
was placed in suspense on November 8, 1969, awaiting
receipt of supplemental material from Applicant.
Following the Board's receipt of the requested information on December 1, 1969, the application has been
reactivated.
On H.2 No, 45, for the week ended November 8, 1969, the
Board reported receipt of an application from First
Financial Corporation, Tampa, Florida, for prior approval
to acquire not less than 51 per cent of the voting shares
of The First National Bank in Plant City, Plant City,
Florida. The application was placed in suspense on
November 15, 1969, awaiting receipt of supplemental
material from Applicant, Following the Board 1 s receipt
of the requested information on December 1, 1969, the
application has been reactivated.
On H.2 No. 41, for the week ended October 11, 1969, the
Board reported receipt of an application from First
Florida Bancorporation, Haines City, Florida, for prior
approval to acquire at least 51 per cent of the voting
shares of The Orlando Bank and Trust Company,Orlando,
Florida. On November 15, 1969, this application was
placed in suspense awaiting receipt of supplemental
material from Applicant. Following the Board 1 s receipt
of the requested information the application has been
reactivated.
V? *

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