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RE r ,\R(; LIBRARY ANNOUNCEMENT BOARD OF G O V E R N O R 3 OF THE FEDERAL RESERVE SYSTEM Q ^ 0 2.7 H.2, 1991, No. 16 i •»q i A c t i o n s of the Board, its Staff, a n d dl the F ederal R e s e r v e Banks; . A p p l i c a t i o n s and R e p o r t s R e c e i v e d Eiuring the W e e k E n d i n g A p r i l 20, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Title III of S. 207, the Futures Trading Practices Act of 1991 -- statement by Chairman Greenspan before the Senate Committee on Banking, Housing, and Urban Affairs, April 16, 1991. Published, April 16, 1991. B a n k i n g r eform bills: S. 5 4 3 , t h e C o m p r e h e n s i v e Deposit Insurance Reform and Taxpayer Protection A c t , a n d S. 7 1 3 , t h e F i n a n c i a l I n s t i t u t i o n s S a f e t y a n d C o n s u m e r C h o i c e A c t -- s t a t e m e n t b y C h a i r m a n G r e e n s p a n b e f o r e t h e S e n a t e C o m m i t t e e on B a n k i n g , H o u s i n g , a n d U r b a n A f f a i r s , A p r i l 23, 1 9 9 1 . Authorized, April 17, 1991. BANK HOLDING COMPANIES United New Mexico Financial Corporation, Albuquerque, New Mexico — to acquire First Interstate Bancorp, Los Angeles, California; First Interstate Bank of Albuquerque, Albuquerque, New Mexico; First Interstate Bank of Lea County, Hobbs, New Mexico; and First Interstate Bank of Roswell, Roswell, New Mexico. Approved, April 15, 1991. BANK MERGERS Manufacturers Hanover Trust Company, New York, New York — to purchase certain assets and to assume certain liabilities of ten branches of Goldome, Buffalo, New York, and to establish branches. Approved, April 17, 1991. BANK PREMISES Manufacturers Hanover Trust Company, New York, New York — investment in bank premises. Approved, April 17, 1991. H.2 APRIL 15, 1991 PAGE 2 TO APRIL 19, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Regulation K — review and revision, with delegation of authority to the Staff Director of the Division of Banking Supervision and Regulation to approve certain securities activities outside the United States and to the Federal Reserve Banks to approve applications to engage in futures commission merchant activities under certain conditions. Approved, April 15, 1991. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FQMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Chicago Bankers Trust Company, Des Moines, Iowa — to establish an offsite electronic facility at 114th and University, Clive, Iowa. Approved, April 18, 1991. Chicago Comerica Bank - Detroit, Michigan — to establish a branch at 35000 23 Mile Road, Chesterfield Township, Michigan. Approved, April 17, 1991. San Francisco Farmers & Merchants Bank of Central California, Lodi, California — to establish a branch at 901 Carpenter Road, Modesto, California. Approved, April 18, 1991. Secretary First Interstate Bank, Los Angeles, California — establish a branch in the vicinity of the intersection of East Bidwell and Wales Drive, Folsom, California. Approved, April 19, 1991. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — to establish a branch at 844 East Beltline N.E. Approved, April 15, 1991. to H.2 APRIL 15, 1991 PAGE 3 TO APRIL 19, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco American Republic Bancorp, Torrance, California -- to engage in data processing activities through ARB Datanet, Inc. Returned, April 15, 1991. Dallas BancWest Bancorp, Inc., Taylor, Texas — Bank of the West, Austin, Texas. Approved, April 15, 1991. San Francisco Banque Nationale de Paris, Paris, France — proposal that Bank of The West, purchase the assets and assume the liabilities of BancWest Interim Federal Savings Association. Approved, April 19, 1991. San Francisco Banque Nationale de Paris, Paris, France — to establish BancWest Interim Federal Savings Association, San Francisco, California, and acquire certain assets and assume certain liabilities of Imperial Savings, San Diego, California. Approved, April 19, 1991. Kansas City Caldwell County Bancshares, Inc., Hamilton, Missouri — to acquire Caldwell County Bank. Approved, April 19, 1991. Chicago Citizens National Bancorp, Inc., Darlington, Wisconsin — to acquire The Citizens National Bank of Darlington. Approved, April 15, 1991. New York Compagnie de Suez, Paris, France, and Banque Indosuez — to engage de novo in acting as a futures commission merchant in the provision of services on certain exchanges through Indosuez Carr Futures Inc. Permitted, April 17, 1991. to acquire H .2 APRIL 15, 1991 PAGE 4 TO APRIL 19, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Empire Banc Corporation, Traverse City, Michigan, proposed acquisition of the Traverse City branch and Grayling branch of Great Lakes Bancorp, A FSB, Ann Arbor, Michigan — report on competitive factors. Submitted, April 18, 1991. Minneapolis First Western Bancorp, Inc., Huron, South Dakota — to acquire First Bancorp, Inc. Withdrawn, April 17, 1991. Minneapolis First Western Bancorp, Inc., Huron, South Dakota — to engage in insurance agency activities through First Western Agency, Inc. Withdrawn, April 17, 1991. Chicago High Point Financial Services, Inc., Forreston, Illinois — to acquire Forreston State Bank. Approved, April 19, 1991. Cleveland Mid Am Inc., Bowling Green, Ohio — to acquire Citizens Federal Savings and Loan Association, Beliefontaine, Ohio. Withdrawn, April 19, 1991. New York Monte dei Paschi di Siena, Siena, Italy — to engage de novo in developing, marketing, and providing services to banking and banking'related software through International Banking Information Systems Limited, New York, New York. Permitted, April 17, 1991. Minneapolis Norwest Corporation, Minneapolis, Minnesota — to engage in consumer finance activities through AVCO Financial of Mississippi, Inc., Irvine, California Approved, April 17, 1991. H.2 APRIL 15, 1991 PAGE 5 TO APRIL 19, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York Sumitomo Trust & Banking Company, Limited, Tokyo, Japan -- to engage de novo in providing advisory services and general economic information through SBT Corporate Development Inc., Houston, Texas. Permitted, April 19, 1991. Chicago Valley Banc Services Corp., St. Charles, Illinois — to acquire Mattoon Bank, Mattoon, Illinois, and to establish a de novo bank named Anchor Bank, Lake Villa, Illinois. Approved, April 19, 1991. BANK MERGERS Chicago F a r m e r s a n d Loan T r u s t C o m p a n y , C o l u m b i a City, Indiana — to a c q u i r e t h e a s s e t s a n d a s s u m e t h e l i a b i l i t i e s of f o u r b r a n c h e s of INB N a t i o n a l Bank, Fort Wayne, Indiana; the G e o r g e t o w n branch, 6564 East State Boulevard, Fort Wayne; I l linois Road branch, 115 A v e n u e of the Autos; Irene Byron H e a l t h C e n t e r b ra nch , 1 21 01 Li ma Road, a n d t he I n d ia n a a n d R e n a i s s a n c e S q u a r e branch , 200 East B e r r y Street; a n d to r e l o c a t e t h e m a i n o f f i c e to 2 0 0 E a s t B e r r y Street, Fort Wayne, Indiana. Approved, April 19, 1991. BANK PREMISES Secretary Central Bank of the South, Birmingham, Alabama — investment in bank premises. Approved, April 18, 1991. San Francisco Farmers & Merchants Bank of Central California, Lodi, California — investment in bank premises. Approved, April 18, 1991. San Francisco Farmers & Merchants Bank, Forest Grove, Oregon — investment in bank premises. Approved, April 19, 1991. Kansas City First State Bank of Wheatland, Wheatland, Wyoming — investment in bank premises. Approved, April 19, 1991. H .2 APRIL 15, 1991 PAGE 6 TO APRIL 19, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES New York Manufacturers Hanover Trust Company, New York, New York — investment in bank premises. Approved, April 18, 1991. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — investment in bank premises. Approved, April 17, 1991. Chicago Peoples Bank, Bloomington, Illinois — bank premises. Approved, April 17, 1991. investment in First State Bank, Ness City, Kansas — dividend. Approved, April 17, 1991. payment of a BANKS• STATE MEMBER Kansas City CAPITAL STOCK Kansas City Wheatland Bankshares, Inc., Wheatland, Wyoming — redemption of shares. Approved, April 19, 1991. CHANGE IN BANK CONTROL Dallas Citizens Bankshares of Springhill, Inc., Springhill, Louisiana — change in bank control. Returned, April 15, 1991. New York Hamptons Bancshares Inc., Southampton, New York — change in bank control. Withdrawn, April 15, 1991. San Francisco Hoaie Credit Corporation, Salt Lake City, Utah — change in bank control. Permitted, April 15, 1991. Kansas City Lawton Security Bancshares, Inc., Lawton, Oklahoma change in bank control. Permitted, April 16, 1991. H .2 APRIL 15, 1991 PAGE 7 TO APRIL 19, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City Midwest Banco Corporation, Cozad, Nebraska — in bank control. Permitted, April 19, 1991. change Minneapolis Riverside Bancshares Corporation, Minneapolis — change in bank control. Permitted, April 19, 1991. COMPETITIVE FACTORS REPORTS Cleveland Bank of Hundred, Hundred, West Virginia, proposed merger with CB&T Interim Bank, Inc. — report on competit ive factors. Submitted, April 15, 1991. Chicago Bank One, Elkhart, Elkhart, Indiana, proposed merger with Bank One, Merriville, National Association, Gary, Indiana — report on competitive factors. Submitted, April 17, 1991. Boston First Agricultural Bank, Pittsfield, Massachusetts, proposed merger with Multibank National of Western Massachusetts, Springfield, Massachusetts — report on competitive factors. Submitted, April 19, 1991. Minneapolis First Bank of Minnesota, N.A., St. Louis Park, Minnesota, proposed merger with Firstar Shelard Bank, N.A.; Firstar Centennial feank, Circle Pines; Firstar Eagan Bank, N.A., Eagan; Firstar Hugo Bank, Hugo; Firstar MetroBank, Bloomington; Firstar New Brighton Bank, New Brighton; Firstar Roseville Bank, Roseville; Firstar St. Anthony Bank, N.A., Minneapolis; and Firstar Stillwater, N.A., Stillwater, Minnesota — report on competitive factors. Submitted, April 16, 1991. H .2 APRIL 15, 1991 PAGE 8 TO APRIL 19, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS S t . Louis Fi r s t C o m m u n i t y N a t i o n a l Ba n k of C r a w f o r d County , Cuba, Miss o u r i , p r o p o s e d p u r c h a s e of the a s s e t s a n d a s s u m p t i o n of the l i a b i l i t i e s of th e S u l l i v a n b r a n c h o f t h e B o a t m e n ' s N a t i o n a l B a n k o f St. L o u i s , St. L o u i s , M i s s o u r i — r e p o r t on c o m p e t i t i v e factors. Submitted, April 19, 1991. Atlanta First Federal Savings and Loan Association of Fort Myers, Fort Myers, Florida, proposed purchase of certain assets and assumption of certain liabilities of the branch of First Presidential Savings and Loan Association of Florida, Sarasota, Florida, 15165 McGregor Boulevard — report on competitive factors. Submitted, April 17, 1991. S t . Louis First National Bank in Staunton, Staunton, Illinois, proposed merger with FSB National Bank — report on compet it ive factors. Submitted, April 15, 1991. Secretary First National Bank of Coxsackie, Coxsaskie, New York, proposed purchase of the assets and assumption of the liabilities of the Athens branch of Key Bank of Eastern New York, N.A., Albany, New York — report on competitive factors. Submitted, April 19, 1991. Kansas City First National Bank of Lyons, Lyons, Nebraska, proposed acquisition of the assets and assumption of the liabilities of the Tekeman branch of FirsTier Bank, N.A., Omaha, Nebraska — report on compet it ive factors. Submitted, April 15, 1991. Chicago First State Bank, Nora Springs, Iowa, proposed merger with FSB Nora Springs Interim State Bank — report on competitive factors. Submitted, April 17, 1991. H .2 APRIL 15, 1991 PAGE 9 TO APRIL 19, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago First State Bank, Riceville, Iowa, proposed merger with FSB Riceville Interim State Bank -- report on competitive factors. Submitted, April 17, 1991. Atlanta Great Southern Capital Corporation ESOT, Meridian, Mississippi, proposed acquisition of Great Southern Capital Corporation — report on competitive factors. Submitted, April 15, 1991. Dallas Guaranty Federal Savings Bank, Dallas, Texas, proposed merger with Kilgore Federal Savings and Loan Association — report on competitive factors. Submitted, April 16, 1991. Atlanta Interban Holding Company Limited, Nassau, Bahamas, and Interbank Holding Corp., Miami, Florida, proposed acquisition of Grovegate Bank, Coconut Grove, Florida — report on competitive factors. Submitted, April 15, 1991. Minneapolis Marquette Bank Minneapolis, National Association, Minneapolis, Minnesota, proposed merger with Marquette Bank Apple Valley, Apple Valley, Minnesota — report on competitive factors. Submitted, April 15, 1991. Chicago Norwest Bank Iowa, National Association, Des Moines, Iowa, proposed merger with Peoples Bank and Trust Company, Waterloo, Iowa — report on competitive factors. Submitted, April 16, 1991. EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain property. Granted, April 16, 1991. S t . Louis Chambers Bancshares, Inc., Danville, Arkansas — extension to July 8, 1991, to engage in insurance agency activities. Granted, April 16, 1991. H.2 APRIL 15, 1991 PAGE 10 TO APRIL 19, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco Dai - Ichi Kangyo Bank, Limited, Tokyo, Japan — extension to July 29, 1991, to expand certain nonbanking activities through DKB Securities Corporation, New York, New York. Granted, April 16, 1991. San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain property. Granted, April 16, 1991. San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain property. Granted, April 19, 1991. Chicago First of America Bank - Central, Lansing, Michigan — extension to August 1, 1991, to establish a branch at the intersection of Okemos and Jolly Roads, Meridian Township, Michigan. Granted, April 15, 1991. Atlanta North Fulton Bancshares, Inc., Roswell, Georgia — extension to July 27, 1991, to acquire Milton National Bank. Granted, April 17, 1991. San Francisco Security Pacific Corporation, Los Angeles, California — extensions to divest certain properties. Granted, April 16, 1991. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, April 16, 1991. Staff Director BS&R Security Pacific Corporation, Los Angeles, California — extension to conform activities of Burns Fry Holdings Corporation, Toronto, Ontario, Canada, to Regulation K. Granted, April 19, 1991. Atlanta SouthTrust Corporation, Birmingham, Alabama — extension to July 9, 1991, to acquire SouthTrust Bank of North Carolina, N.A., Raleigh, North Carolina. Granted, April 17, 1991. H .2 APRIL 15, 1991 PAGE 11 TO APRIL 19, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Atlanta Southwest Florida Banks, Incorporated, Murdock, Florida — extension to August 1, 1991, to acquire Southwest Florida Bank, National Association — report on competitive factors. Granted, April 17, 1991. San Francisco Wells Fargo & Company, San Francisco, California — extensions to divest certain properties. Granted, April 19, 1991. San Francisco West One Bancorp, Boise, Idaho — certain property. Granted, April 16, 1991. extension to divest RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of San Francisco — currency processing machines. Approved, April 18, 1991. to purchase RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Boston — to implement a separate sort service for returned checks. Approved, April 17, 1991. H .2 APRIL 15, 1991 PAGE 12 ADDITIONS TO AND CORRECTIONS APRIL 19, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Philadelphia C o r e S t a t e s Financial Corp., Philadelphia, Pennsylvania — p e r m i s s i o n for Signal Financial C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , to e x p a n d its lending a nd credit rela t e d i n s u r a n c e a c t i v i t i e s nationwide. Granted, April 12, 1991. Minneapolis Security Richland Bancorporation, Miles City, Montana — to engage de novo in lending activities. Permitted, April 13, 1991. BANKS, STATE MEMBER Philadelphia Pitcairn Private Bank, Philadelphia, Pennsylvania — to relocate main office to One Pitcairn Place, 165 Township Road, Jenkintown, from 1414 South Penn Square, Philadelphia, Pennsylvania. Approved, April 8, 1991. COMPETITIVE FACTORS REPORTS San Francisco Sacramento Savings Bank, Sacramento, California, proposed assumption of certain assets and liabilities of the Sacramento branch of Western Federal Savings and Loan Association, Marina del Rey, California — report on competitive factors. Submitted, April 11, 1991. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS S E C T I O N I - A P P LICATIONS SUBJECT TO N E W S P A P E R N O TICE ONLY C o mment Period E n d i n g Date Application NONE S E C T I O N II - A P P LICATIONS SUBJECT TO BOTH N E W S P A P E R A N D F E DERAL R E G I S T E R NOTICE Comment Peri o d Endi n g Date Application NONE SE C T I O N III - A P PLICATIONS S U BJECT TO F E D E R A L REGI S T E R NOTICE ONLY Application C o mment Period E n d i n g Date NONE S E C T I O N IV ~ APPLIC A T I O N S NOT S U BJECT TO F E D E R A L R E G I S T E R O R N E W S P A P E R NOTICE Application NONE S ECTION V - A V A I L A B I L I T Y OF CRA PUBLIC EVALUA T I O N S NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period E n d i m Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Bankers Trust New York Corporation, New York, New York to engage de novo through its subsidiary, BT Asset Management Inc., New York, New York in the provision of investment advice as a commodity trading advisor with respect to the purchase and sale of financial futures contracts and options on financial futures contracts. N/A SECTION IV Applications Not Involving _______ Public Comment_______ None. Availability of CRA Public Evaluations Week Ending April 20. 1991 NAME OF BANK EXAMINATION DATE None. 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. F E D E R A L R E S E R V E B A N K OF P H I L A D E L P H I A SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date 1/ 5/13/91 Meridian Bank, Reading, PA to establish an 1/ offsite electronic banking facility to be located at the Acme Market, 7010 Germantown Avenue, Philadelphia, PA. 5/13/91 Meridian Bank, Reading, PA to establish an offsite electronic banking facility to be located at the Acme Market, 6640 Oxford Avenue and Unruh St, Philadelphia, PA. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Dauphin Deposit Corporation, Harrisburg, PA to acquire 100% of Hopper Soliday & Co., Inc., Philadelphia, PA, pursuant to Section 4(c)(8) of the Bank Holding Company Act. N/A* SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS For week endina 4/19/91 Institutions Republic Bank Philadelphia, PA Examination Date 1/14/91 Federal Reserve Bank of Cleveland A p p lic a tio n s B u lle tin F o r Week E n d in g A p r i l 2 0 , 1 9 9 1 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY R e c e i v e d a p p l i c a t i o n on April 3, 1991 from The Fifth Thi r d Bank, Cincinnati, Ohio, for p e r m i s s i o n to estab l i s h CBCT bran c h e s at the following locations: Fair Oaks Plaza, Rou t e 4, Fairfield, Ohio; 5301 Kings Island Drive, Mason, Ohio; U n i v e r s i t y M e dical Arts Building, 222 Piedmont Avenue, Cincinnati, Ohio; 2744 H a r s h m a n Road, Dayton, Ohio; 4075 W i l m i n g t o n Pike, Kettering, Ohio; and 5858 S p r i ngboro Pike, Dayton, Ohio. * M a y 1, 1991 R e c e i v e d a p p l i c a t i o n on April 17, 1991 from The Fifth Thi r d Bank, Cincinnati, Ohio, for p e r m i s s i o n to estab l i s h a b r a n c h at 8588 Pr i n c e t o n - G l e n d a l e Road, Un i o n Township, Ohio. * M a y 18, 1991 R e c e i v e d a p p l i c a t i o n on April 17, 1991 from The Fifth Thi r d Bank, Cincinnati, Ohio, for p e r m i s s i o n to estab l i s h a bran c h at 1783 Ohio Pike, Amelia, Ohio. * M a y 18, 1991 R e c e i v e d appl i c a t i o n on April 17, 1991 from The Fifth Thi r d Bank, Cincinnati, Ohio, for p e r m i s s i o n to estab l i s h a b r a n c h at 4530-500 Eas t g a t e B l v d . , U n i o n Township, Ohio. * M a y 18, 1991 R e c e i v e d appl i c a t i o n on April 18, 1991 from The Fifth Thi r d Bank, Cincinnati, Ohio, for p e r m i s s i o n to estab l i s h a b r a n c h at 7747 Old T r o y Pike, Dayton, Ohio. * M a y 18, 1991 * # N F - Subject to CRA Expe c t e d to end a p p r o x imately 30 days from the d a t e of receipt N e w s p a p e r C omment Period Federal R e g i s t e r Comment Period Applications Bulletin For Week Ending April 20, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY ( C o n t . ) R e c e i v e d appl i c a t i o n on April 18, 1991 from The Fif t h Thi r d Bank, Cincinnati, Ohio, for p e r m i s s i o n to establish a b r a n c h at 2917 W. A l e x Bell Road, Dayton, Ohio. R e c e i v e d appl i c a t i o n on Ap r i l 19, 1991 from Star Bank, N o r t h e r n Kentucky, Covington, Kentucky, to establish a b r a n c h at Spiral Drive and Ho u s t o n Road, Florence, Kentucky. * M a y 18, 1991 * Not Yet Kno w n # SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE R e c e i v e d S ection 3(a)(5) applicaton on April 18, 1991 from Star Banc Corporation, Inc., Cincinnati, Ohio, to acquire Kentucky Bancorporation, Inc., Covington, Kentucky. SECTION I I I - 1991 - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY R e c e i v e d Section 4(c)(8) appl i c a t i o n on April 19, 1991 from H u n t i n g t o n Bancshares Incorporated, Columbus, Ohio, to p u r chase c ertain assets and assume all deposit liabilities of five (5) Cincinnati, Ohio, branches of Trans O h i o S avings Bank, Cleveland, Ohio. * # N F * N - M a y 11, Not Yet Kno w n # S u b j e c t to CRA E x p e c t e d to end app r o x i m a t e l y 30 days from the date of receipt N e w s p a p e r C omment Period Federal R e g i s t e r C o mment Period Applications Bulletin F o r W e e k E n d i n g A p r i l 20, 1 991 S E C T I O N IV - A P P L I C A T I O N S NOT S U B J E C T TO F E D E R A L R E G I S T E R N O T I C E OR N E W S P A P E R NO T I C E N ONE * * # N F - S u bject to CRA E x p e c t e d to end ap p r o x i m a t e l y 30 days from the d a t e of rece i p t N e w s p a p e r Co m m e n t Period Federal R e g i s t e r Comment Period AVAILABILITY OF CRA PUBLIC EVALUATIONS (April 19, 1991) T h e following state m e m b e r banks h a v e b e e n e x a m i n e d b y the Federal R e s e r v e B a n k of C l e v e l a n d for c o m p l i a n c e w i t h The C o m m u n i t y R e i n v e s t m e n t Act. A p u b l i c ev a l u a t i o n d o c u m e n t is a v a i l a b l e from the bank(s) listed below. If you are i n t e rested in o b t a i n i n g a copy of an e v a l u a t i o n document, please c o n t a c t the bank(s) directly. Comm e r c e Exc h a n g e B ank 25201 C h agrin Blvd. Beachwood, Ohio 44122 (216) 765-0500 Examined: J a n u a r y 7, 1991 The State B a n k & Trust Co. 401 C l i n t o n Street Defiance, Ohio 43512 (419) 782-8950 Examined: J a n u a r y 14, 1991 Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section II - Applications Subiect to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None . Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None . Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None . Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending April 19, 1991 Examination Date The Bank of Monroe, Union, West Virginia 2-1-91 Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending April 19. 1991 Section 1 - Applications Subject to Newspaper Noti c e Only Application Comment Period Ending Date Bank Independent05-10-91 Sheffield, Alabama To establish a branch office to be known as Food Max #78 - Florence Square located at Cox Creek Parkway, Highways 133 & 72, Florence, Alabama. Section 2 - Applications Subject To Both Newspaper and Federal Register Notice Application Comment Period Ending Date BankFIRST Capital Corporation Eustis, Florida 1-BHC formation, BankFIRST, Eustis, Florida. First Tampa Bancorporation of Florida, Inc. Tampa, Florida Change in control by Philip M. Hampton to acquire an additional 42.19 percent of the outstanding shares of common stock. The acquisition will increase his total ownership to 56.0 percent. 05-07-91 Newspaper 05-06-91 Federal Register Interbank Holding Corporation Miami, Florida Joint with its parent company, Interban Holding Company Limited, Nassau, Bahamas, to become bank holding companies by acquiring 47.2 percent of Grovegate Bank, Coconut Grove, Florida, a state member bank. 05-10-91 Newspaper Southern National Banks, Inc. Fort Walton Beach, Florida Change in control by John James Tringas; Alex James Tringas; and Lark Elaine Tringas Garrigan to acquire an additional 83.18 percent of the outstanding shares of preferred stock. The acquisition will increase their total ownership to 100 percent. 05-14-91 Newspaper Four C o unty Bancshares, Inc. Allentown, Georgia To acquire Peoples State Bank, Jeffersonville, Georgia. 05-08-91 Federal Register Section 3 - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Synovus Financial Corporation 04-29-91 C o l u m b u s , Georgia Alo n g w i t h its parent company, TB&C Bancshares, Inc., Columbus, Georgia, to expand the activities of Synovus' wholly - o w n e d subsidiary, Synovus Securities, Inc., Columbus, Georgia, to include underw r i t i n g and dealing in municipal revenue bonds; a c ting as agent in the private place m e n t of debt and equity securities, including providing related advisory services; and b u y i n g and selling all types of securities on the order of investors as a "riskless principal," p ursuant to Section 225.23 of Regulation Y. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice A p p l i cations International Bancorp of Miami, M i a m i , Florida Commitment waiv e r request. Inc. S e c t i o n 10 - A v a i l a b i l i t y of C R A P u b l i c E v a l u a t i o n s * *The C RA public evaluations of the institutions listed b e l o w became available during the week ending April 19, 1991. Information about an institution's CRA evaluation may be obtained d i r e c t l y from the institution. Bank Exam i n a t i o n Date Bank of Bradenton Bradenton, Florida 01-22-91 First Southern Bank Boca Raton, Florida 01-22-91 Southern Heritage Bank Winterville, Georgia 01-22-91 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Application Ending Date Type Branch Farmers State Bank of Western Illinois New Windsor, Illinois 320 N. Division Street Woodhull, Illinois* N - 5-1-91 Branch Community State Bank Avilla, Indiana 506 East North Street Kendallville, Indiana* N - 4-26-91 Membership Bloooingdale Bank and Trust N - 4-30-91 Bloomingdale, Illinois (in organization) To became a member of the Federal Reserve System* Merger/ Branch Fanners State Bank of Western Illinois New Windsor, Illinois Bank of Alexis Alexis, Illinois Branch at Alexis location* N - ** EFT Bank of Lenawee Adrian, Michigan Comer of U.S. 223 West and South Main Street Adrian, Michigan* N - 4-21-91 Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 Prairie Bancorp Manlius, Illinois Bank of Ladd Ladd, Illinois* FR - 4-15-91 N - 3-12-91 CoC-HC Williamsburg Holding Company Omaha, Nebraska Michael T. and Susan B. Dobel FR - 4-29-91 N - 4-29-91 Y-l Westchester Financial Corporation Naperville, Illinois First Bank of Channahon (in organization) Channahon, Illinois* FR - 3-15-91 NP - 2-28-91 Y-2 First Decatur Bancshares, Inc. Decatur, Illinois First National Bank of Mt. Zion Mt. Zion, Illinois* FR - ** n - 5-3-91 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Registar Notice Only Garment Period Application Ending Date Type 4(c)(8) First of America Bank Corporation Kalamazoo, Michigan First of America Community Development Corporation Kalamazoo, Michigan FR - ** Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application None N FR * ** - Newspaper Federal Register Subject to Provisions of Gcmmunity Reinvestment Act Not available at this time AVAILABILITY OF CRA PUBLIC EVALUATIONS The following institutions were examined for CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending April 12 , 1991. BANK NAME/IOCATTON NONE EXAMINATION DATE Federal Reserve Bank of St. Louis FOR THE WEEK ENDING APRIL 19, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE * Application End of Comment Period Section 9 application by Farmers Bank & Trust of Blytheville, Blytheville, Arkansas to establish a branch at WalMart Shopping Center, Highway 18 East, Blytheville, Arkansas Not yet available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE * Application End of Comment Period Section 3(a)(3) application by Sun Financial Corporation, Earth City, Missouri to acquire Summit Bank, Holts Summit, Missouri Not yet available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period Section 9 application by FirstBank of Arkansas, Kensett, Arkansas to become a member of the Federal Reserve System * This application is subject to CRA. Not yet available* Federal Reserve Bank of St. Louis FOR THE WEEK ENDING APRIL 19, 1991 AVAILABILITY OF CRA PUBLIC DISCLOSURES Bank Name The Peoples Bank and Trust Company City and State Greensburg, Kentucky Examination Date 1-22-91 FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Norwest Bank International Colorado Minneapolis, MN To estabilsh a branch in Denver, Co Not yet available Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Gale M. Hoese To increase his percentage of control from 21.89% to 32.84% of the voting shares of Security Bancshares Co., Glencoe, MN 5-6-91 (Federal Register) Charles Refling, Paul Refling and Mark Refling To increase their ownership interests from 21.37%, 17.67%, and 17.67%, respectively, to 37.69%, 31.16%, and 31.16%, respectively, of the voting shares of First Bottineau, Inc., Bottineau, ND 5-8-91 (Federal Register) South Dakota Financial Bancorporation, Inc. Mpls, MN To acquire 99.75% of Tri-County State Bank, Chamberlain, SD; 87.18% of Farmers and Merchants Bank, Huron, SD; 99.44% of Dakota State Bank, Milbank, SD; 100% of Marquette Bank, N.A., Sioux Falls, SD* 5-14-91 (Federal Register) ^Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Application Dakota Company, Inc. Mpls, MN To indirectly, through its ownership of 63.83% of South Dakota Bancorp, Inc., acquire 90.7% of South Dakota Financial Bancorporation, Inc., Mpls, MN, which proposes to acquire 99.75% of Tri-County State Bank, Chamberlain, SD* 5-14-91 (Federal Register) South Dakota Bancorp, Inc. Mpls, MN To acquire 90.7% of South Dakota Financial Bancorporation, Inc., Mpls, MN, which proposes to acquire 99.75% of Tri-County State Bank, Chamberlain, SD* 5-14-91 (Federal Register) Kenneth L. Kellar To acquire control of 100% of Security State Agency of Aitkin, Inc., Aitkin, MN 5-14-91 (Federal Register) Section III - Applications Subject to Federal Register Notice Only Application Norwest Bank Minnesota N.A. Minneapolis, MN To establish a new Edge Act corporation, Norwest Bank International Colorado, Minneapolis, MN ^Subject to CRA Comment Period Ending Date 4-29-91 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Adams Investment Company Fergus Falls, MN To redeem 25.90% of its voting shares Norwest Bank Minnesota, N.A. Minneapolis, MN To invest in a foreign bank, Norwest Bank International Grand Cayman, George Town, Grand Cay man, British West Indies FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending April 19, 1991 Bank Name City/State Examination Date The Northwestern Bank Chippewa Falls, WI January 28, 1991 Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION Triad Bank, N.A., Tulsa, Oklahoma, for prior approval for membership in the Federal Reserve System. COMMENT PERIOD ENDING DATE Not A v ailable SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE First Lindsay Corporation, Lindsay, Oklahoma, for prior approval to become a bank holding company through the acquisition of 80 percent of the voting shares of First National Bank, Lindsay, Oklahoma.* Not Available Telluride Bancorp, Ltd., Telluride, Colorado, for prior approval to acquire 100 percent of the voting shares of San Miguel Investment Co., parent of San Miguel Basin State Bank, both of Norwood, Colorado.* Not A v a ilable First Universal Bancorporation, Inc., Aurora, Colorado, for prior approval to acquire 87.75 percent of the voting shares of Bank of the West, Parker, Colorado.* Not Available David C. and Oneida Sue Maysey, Canute, Oklahoma, for prior approval to acquire 25.90 percent of Canute Bancshares, Inc., Clinton, Oklahoma. Not Available Big Sandy Holding Company, Limon, Colorado, for prior approval to become a bank holding company through the acquisition of 90 percent of the voting shares of First National Bank of Limon, Limon, Colorado.* Not A v ailable H. Alan Bell Trust II, Manhattan, Kansas, for approval to retain its proportionate ownership increase in BellCorp, Inc., Manhattan, Kansas, by 19.47 percent to 42.70 percent. Not A v ailable Federal Reserve Bank of Kansas City SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE O N L Y APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION B e l l C o r p , Inc., Manhattan, Kansas, f o r a p p r o v a l to r e d e e m 108 s h a r e s of i t s o w n v o t i n g c o m m o n stock, a n d 1 , 2 9 8 s h a r e s of its p r e f e r r e d B stock. SECTION X - AVAILABILITY OF CRA PUBLIC EVALUATIONS * BANK/LOCATION Boswell State *Application is Bank, EXAMINATION Boswell, subject to C R A Oklahoma January 28, DATE 1991 FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF APRIL 15, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Dan H. Cook, Wilson, TX, to acquire an interest in Wilson Bancshares, Inc., Wilson, TX N/A *Section 3(a)(3) application by Overton Financial Corporation, Overton, TX, to acquire Lindale Bancshares, Inc., Lindale, TX, and Lindale State Bank, Lindale, TX 05/11/91 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF APRIL 15, 1991 Name of Bank City & State First Bank & Trust of Clarendon Clarendon, TX Date of Examination 11/26/90 * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 4/19/91 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Northrim Bank, Anchorage, Alaska, to establish a mobile branch in the Anchorage area of Alaska. * Newspaper: Not available Section II - Applications Subject to Both Newspaper and Federal Register Notice Topdanmark A/S, Ballerup, Denmark, to become a bank holding company by acquiring National Bank of Long Beach, Long Beach, California. * Newspaper: 5/13/91 Fed. Reg.: 5/20/91 Section III - Applications Sub.iect to Federal Register Notice Only The Mitsubishi Bank, Limited, Tokyo, Japan, to engage in clearing and execution of financial futures contracts and options through Mitsubishi Financial Futures, Inc., Chicago, Illinois. Fed. Rea.: Not yet published Bancorp Hawaii, Inc., Honolulu, Hawaii, to engage de novo in securities brokerage and investment advisory services through Bancorp Investment Group, Ltd., Honolulu, Hawai i. Fed. Reg.: Not yet published Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice Topdanmark A/S, Ballerup, Denmark, request for an exemption from the standard for a qualifying foreign banking organization. FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t 'd . ) Week ending 4/19/91 Section V - Availability of CRA Public Evaluations * Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution Location The Bank of Pleasanton Pleasanton, CA * Subject to CRA Examination Date 1/07/91
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