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• • ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Applications and Reports Received or Acted on During the Week Ending April 21, 1973 Date To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act ' Received The Trust Company of New Jersey, Jersey City, New Jersey. Branch to be established at the corner of Broad Avenue and Pleasant View Terrace, Ridgefield0 Marine Midland Bank-New York, New York City. Branch to be established at the Southeast corner of the intersection of Asch Loop and Bartow Avenue, CO-OP City, Bronx County. The Farmers State Bank of McClure, Ohio, McClure, Ohio. Branches to be established at the following locations: Ao At 601-603 N. Perry Street, Napoleon, Henry County. B. At U.S. Route 6, Ridgeville Corners, Henry County. Pascagoula-Moss Point Bank, Moss Point, Mississippi. Branch to be established at the Doctors Plaza Building, located at 4 Hospital Street, Pascagoula. Genesee Merchants Bank & Trust Company, Flint, Michigan. Branch to be established in the vicinity of the intersection of Coldwater and Clio Roads, Mt. Morris Township, Genesee County. Mount Clemens Bank, Mount Clemens, Michigan. Branch to be established at 28326 South River Road, Harrison Township, Mount Clemens0 H.2 1973 Noo 16 12 1 - 2Received Continued Bank of Utah, Ogden, Utah. Branch to be established in Huntsville, Utah. Approved -Harvard Trust Company, Cambridge, Massachusetts. Branch to be established at 1386 Massachusetts Avenue, Arlington. 2 *The State Bank of North Jersey, Pine Brook, New Jersey. Branch to be established at the intersection of Routes 202 and 287, approximately 1,000 fept South of Changebridge Road, Township of Montville, Morris Countya 2 -Central Home Trust Company, Elizabeth, New Jersey. Branch to be established at 127 Central Avenue, Westfield, Union County. 6 ^Citizens Bank of Hattiesburg, Hattiesburg, Mississippi. Branch to be established at Broadacres Mali, Highway 49 North, in the city of Hattiesburg. 11 ^Central Bank, Monroe, Louisiana. Branch to be established on the East Side of the 600 block of North Fourth Street between Stella and Mills Streets. * * * * * 1 11 To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Received Worcester County National Bank, Worcester, Massachusetts. To establish a branch in Georgetown, Grand Cayman, Cayman Islands, B.W.I. First National Bank of Dallas, Dallas, Texas. To establish a branch in Singapore, Republic of Singapore. *Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. Received Continued First International Bancshares, Inc., Dallas, Texas. To establish a Merchant Bank in London, England. Approved La Salle National Bank, Chicago, Illinois. To establish a branch in Georgetown, Grand Cayman, Cayman Islands, B.W.I. Crocker National Bank, San Francisco, California. establish a branch in Georgetown, Grand Cayman, Cayman Islands, B.W.I. * To * * * Thirty Day Notice of Intention to Establish An Additional Branch in a Foreign Country Approved The Chase Manhattan Bank, National Association, New York To establish an additional branch in the Virgin Islands at Harry S. Truman Airport, St. Thomas. First National City Bank, New York. To establish an additional branch in Colombia at Bucaramanga. * * rk -k To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant To Section 25 or 25(a) of the Federal Reserve Act Received The First National Bank of Boston, Boston, Massachusetts To organize an Edge corporation to be known as Bank of Boston International Los Angeles at Los Angeles, California. H. 2 1973 No. 16 - 4 " To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received First Bancgroup-Alabama, Inc., Mobile, Alabama, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successors by merger to The First National Bank of Mobile, Mobile, Alabama; and The Henderson National Bank of Huntsville, Huntsville, Alabama. 4 Approved **Firestone Bancorp., Inc., Akron, Ohio, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to The Firestone Bank, Arkon, Ohio. 6 Florida Bankshares, Inc., Hollywood, Florida, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of First National Bank of Hollywood, Hollywood; First National Bank of Hallandale, Hallandale; and Second National Bank cf West Hollywood, Hollywood, all located in Florida. 7 Dearborn Financial Corporation, Chicago, Illinois, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to Upper Avenue National Bank of Chicago, Chicago, Illinois. 10 10 **Council Grove Bancshares, Inc., Council Grove, Kansas, for prior approval to acquire 79 per cent or more of the voting shares of Council Grove National Bank, Council Grove, Kansas. 4-20-73 Reactivated On H.2 No. 51 (1972), the Board reported receipt of an application from Federal National Bankshares, Inc., Shawnee, Oklahoma, for prior approval to acquire 98.97 per cent of the voting shares of The Federal National Bank & Trust Company of Shawnee, Shawnee, Oklahoma. This application was placed in suspense following receipt of a Comptroller of the Currency letter to the Board dated March 23, 1973. Following receipt of Applicant's reply dated April 16, 1973, this application has been reactivated. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 4-19-73 H.2 1973 No. 16 4 - 5 To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received BancOhio Corporation, Columbus, Ohio, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to The Imperial State Bank, Vandalia, Ohio. 6 Consolidated Bankshares of Florida, Inc., Fort Lauderdale, Florida, for prior approval to acquire 80 per cent of the voting shares of Orange State Bank of Orlando, Orlando, Florida. 6 Financial General Bankshares, Inc., The Morris Plan Corporation, and Tennessee Shares Corporation, all of Washington, D. C., for prior approval to acquire 75,000 additional voting shares of Valley Fidelity Bank and Trust Company, Knoxville, Tennessee. 6 Alabama Bancorporation, Birmingham, Alabama, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to The American National Bank of Huntsville, Huntsville, Alabama. 6 **First Bancshares of Florida, Inc., Boca Raton, Florida, for prior approval to acquire 80 per cent or more of the voting shares of First National Bank of West Boynton Beach, Boynton Beach, Florida, a proposed new bank. 6 First Florida Bancorporation, Tampa, Florida, for prior approval to acquire 90 per cent or more of the voting shares of Peoples Bank in North Fort Myers, Fort Myers, Florida. 8 First Union, Incorporated, St. Louis, Missouri, for prior approval to acquire 90.45 per cent or more of the voting shares of Bank of Kennett, Kennett, Missouri. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 4-16-73 Received Continued Mercantile Bancorporation Inc., St. Louis, Missouri, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of Mercantile National Bank of St. Louis County, St. Louis County, Missouri, a proposed new bank. First National Charter Corporation, Kansas City, Missouri, for prior approval to acquire 90 per cent or more of the voting shares of Commerical Bank of Lexington, Mo,, Lexington, Missouri. First Security National Corporation, Beaumont, Texas, for prior approval to acquire 76 per cent of the voting shares of Village State Bank, Beaumont, Texas. Approved Central Bancshares of the South, Inc., Birmingham, Alabama (formerly Central and State National Corporation of Alabama, Birmingham, Alabama), for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to The Deposit National Bank of Mobile County, Prichard, Alabama. Central Bancshares of the South, Inc., Birmingham, Alabama (formerly Central and State National Corporation of Alabama, Birmingham, Alabama), for prior approval to acquire not less than 80 per cent of the voting shares of The First National Bank of Auburn, Auburn, Alabama. • First National Bankshares of Florida, Inc., Pompano Beach, Florida, for prior approval to acquire 90 per cent or more of the voting shares of The Indian River Citrus Bank, Vero Beach, Florida. First National Bankshares of Florida, Inc., Pompano Beach, Florida, for prior approval to acquire 90 per cent or more of the voting shares The Westside Bank of Vero Beach, Vero Beach, Florida. H.2 1973 No. 16 10 6 6 6 Approved Continued The First National Bancorporation, Inc., Denver, Colorado, for prior approval to acquire 80 per cent or more of the voting shares of The Routt County National Bank of Steamboat Springs, Steamboat Springs, Colorado. Denied First National Bankshares of Florida, Inc., Pompano Beach, Florida, for prior approval to acquire 90 per cent or more of the voting shares of The Beach Bank of Vero Beach, Vero Beach, Florida. First National Bankshares of Florida, Inc., Pompano Beach, Florida, for prior approval to acquire 90 per cent or more of the voting shares of The Sebastian River Bank, Sebastian, Florida. Reactivated On H.2 No. 53 (1972), the Board reported receipt of an application from First Alabama Bancshares, Inc., Birmingham, Alabama, for prior approval to acquire 80 per cent (less directorsT qualifying shares) of the voting shares of The City National Bank of Tuscaloosa, Tuscaloosa, Alabama. This application was placed in suspense following receipt of a Department of Justice memorandum to the Board dated March 19, 1973. Following receipt of Applicant!s reply dated April 12, 1973, this application has been reactivated. On H.2 No. 2, the Board reported receipt of an application from Alabama Bancorporation, Birmingham, Alabama, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to The Alabama National Bank of Montgomery, Montgomery, Alabama. This application was placed in suspense following receipt of a Department of Justice memorandum to the Board dated March 19, 1973. Following receipt of Applicant's reply dated April 11, 1973, this application has been reactivated. -s Reactivated Continued On H.2 No. 3, the Board reported receipt of an application from The Alabama Financial Group, Inc., Birmingham, Alabama, for prior approval to acquire not less than 80 per cent of the voting shares of the successor by merger to The First National Bank of Anniston, Anniston, Alabama. This application was placed in suspense following receipt of a Department of Justice memorandum to the Board dated March 19, 1973. Following receipt of Applicantf s reply dated April 12, 1973, this z application has been reactivated. * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Received Atlantic Bancorporation, Jacksonville, Florida, for prior approval to merge with Citizens Bancshares of Florida, Inc., Hollywood, Florida. Suspended On H.2 No. 50 (1972), the Board reported receipt of an application from Affiliated Bankshares of Colorado, Inc., Boulder, Colorado, for prior approval to merge with First Colorado Bankshares, Inc., Littleton, Colorado. This application is now in suspense awaiting receipt of Applicantf s reply to a Department of Justice letter to the Board dated April 16, 197.3. * * * * * To Expand a Bank Holding Company Pursuant to Section 4 (c)(8) of the Bank Holding Company Act of 1956 Received Berkshire Bancorp Inc., Pittsfield, Massachusetts, for permission to retain the shares of 0-T-C Investor Service Corporation, Pittsfield, Massachusetts and New York, New York. H.2 1973 No. 16 1 " 9 " Received Continued **Industrial National Corporation, Providence, Rhode Island, notification of intent to engage in d_e novo activities ((1) consumer finance; and (2) insurance underwriting of credit life insurance, and credit accident and health insurance and insurance agency or brokerage in connection with selling to consumer finance borrowers credit life insurance, credit accident and health insurance, and property damage insurance for collateral securing loans made to borrowers) through a subsidiary known as Southern Discount Company, Mauldin, South Carolina. 4-17-73 1 **Industrial National Corporation, Providence, Rhode Island, notification of intent to engage in de novo activities ((1) consumer finance; and (2) insurance underwriting of credit life insurance, and credit accident and health insurance and insurance agency or brokerage in connection with selling to consumer finance borrowers credit life insurance, credit accident and health insurance, and property damage insurance for collateral securing loans made to borrowers) through a subsidiary known as Southern Discount Company, Mocksville, North Carolina. 4-19-73 1 **Industrial National Corporation, Providence, Rhode Island, notification of intent to engage in de novo activities ((1) consumer finance; and (2) insurance underwriting of credit life insurance, and credit accident and health insurance and insurance agency or brokerage in connection with selling to consumer finance borrowers credit life insurance, credit accident and health insurance, and property damage insurance for collateral securing loans made to borrowers) through a subsidiary known as Southern Discount Company, New Port Richey, Florida. 4-20-73 **Processed by Reserve Bank on behalf of the Board of Governors, under delegated authority. H.2 1973 No. 16 1 10 - Received Continued ^Massachusetts Bankshares, Inc., Hingham, Massachusetts, notification of intent to engage in de^ novo activities (to make, acquire, or service loans or other extensions of credit to persons, partnerships, trusts, associations, and corporations secured by mortgage or other lien on real estate or pledge or security interest in personal property or without security) through a subsidiary to be known as Mortgage Shops, Inc., Hingham, Massachusetts. v 4-18-73 1 **New England Merchants Company, Inc., Boston, Massachusetts, notification of intent to engage in a de novo activity (making and acquiring construction mortgage loans, mortgage warehousing loans, standing mortgage loans, other real estate and mortgage loans, and short term commercial loans) through a subsidiary to be known as New England Merchants Realty Corporation, Boston, Massachusetts. 4-19-73 2 **The Chase Manhattan Corporation, New York, New York, notification of intent to engage in de novo activities (making or acquiring, for its own account or for the account of others, loans and other extensions of credit, such as would be made by a mortgage company; and servicing such loans and other extensions of credit for any person) in Colorado Springs, Colorado, through a subsidiary known as Dovenmuehle, Inc., Chicago, Illinois. 4-4-73 4 **Centran Bancshares Corporation, Cleveland, Ohio, notification of intent to engage in de novo activities ((1) the making of consumer finance loans, including loans to individuals, secured by first mortgages and second mortgages on residential property; (2) the purchasing of installment sales contracts; and (3) the selling (as agents) of credit life insurance at the request of borrowers in connection with the extension of credit) through its proposed wholly-owned subsidiary Colonial Financial Service, Inc., Birmingham, Alabama. 4-17—73 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1973 No. 16 5 - 11 Received Continued **Fidelity American Bankshares, Inc., Lynchburg, Virginia, notification of intent to engage in dj2 novo activities (granting and servicing loans secured by mortgages (primarily second mortgages to individuals) and acting as agent in the sale of credit life and credit accident insurance in connection with such loans) through its subsidiary Columbia Mortgage Company, in Baltimore, Maryland; Columbia, South Carolina; and Columbus, Georgia. 5 South Carolina National Corporation, Columbia, South Carolina, for prior approval to acquire all the shares of Provident Financial Corporation, Sanford, North Carolina. 6 **Citizens and Southern Holding Company, Atlanta, Georgia, notification of intent to engage in de novo activities ((1) making or acquiring, for its own account or for the account of others, loans and other extensions of credit (including issuing letters of credit and accepting drafts), such as would be made by a mortgage company; (2) servicing loans and other extensions of credit for any person; and (3) acting as investment or financial adviser, including (i) serving as the advisory company for a mortgage or real estate investment trust; and (ii) furnishing economic or financial information) in Tallahassee, Florida, through a subsidiary known as Citizens and Southern Mortgage Company. **Processed by Reserve Bank on behalf of the Board of Governors delegated authority. H.2 1973 No. 16 6 6 - 12 Received Continued **Citizens and Southern Holding Company, Atlanta, Georgia, notification of intent to engage in de novo activities ((1) making or acquiring, for its own account or for the account of others, loans and other extensions of credit (including issuing letters of credit and accepting drafts), such as would be made by a mortgage company;z (2) servicing loans and other extensions of credit for any person; and (3) acting as investment or financial adviser, including (i) serving as the advisory company for a mortgage or real estate investment trust; and (ii) furnishing economic or financial information) in Birmingham, Alabama, through a subsidiary known as Citizens and Southern Mortgage Company. **Citizens and Southern Holding Company, Atlanta, Georgia, notification of intent to engage in de novo activities ((1) making or acquiring, for its own account or for the account of others, loans and other extensions of credit (including issuing letters of credit and accepting drafts), such as would be made by a mortgage company; (2) servicing loans and other extensions of credit for any person; and (3) acting as investment or financial adviser, including (i) serving as the advisory company for a mortgage or real estate investment trust; and (ii) furnishing economic or financial information) in Alexandria, Virginia, through a subsidiary known as Citizens and Southern Mortgage Company. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 4-17-73 4-19-73 H'2 1973 No. 16 6 1 -13Received Continued **Palmer Bank Corporation, Sarasota, Flordia, notification of intent to engage ,in de novo activities (acting as investment or financial adviser to the extent of (i) serving as investment adviser, as defined in section 2 (a)(20) of the Investment Company Act of 1940, to an investment company registered under that ' Act; (ii) providing portfolio investment advice to any other person; (iii) furnishing general economic information and advice (through the use of a general economic news letter, publications, and other similar mediums), general ecohomi'c statistical forecasting services and industry studies; and (iv) providing financial advice to State and local governments, such as with respect to the issuance of their securities), in Fort Lauderdale, Florida, through a subsidiary known as Palmer Investment Advisory Company. ' z 6 Tennessee National Bancshares, Inc., Maryville, Tennessee, for prior approval to acquire not less than 90 per cent of the outstanding voting shares of Maryville Savings and Loan Corporation, Maryville, Tennessee. 12 **BanCal Tri-State Corporation, San Francisco,' California, notification of intent to engage in de novo activities ((I) providing bookkeeping or data processing ; services for the internal operations of the holding company and its subsidiaries and (ii) storing and processing other banking, financial or related economic data, such as performing payroll, accounts receivable or payable, or billing services) in San Francisco, Los Angeles, and Oakland, California, through a subsidiary to be known as California Bankdata Corporation. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 4-18-73 3-26-73 H.2 1973 No. 16 12 7 " 14 " Received Continued **Patagonia Corporation, Tucson, Arizona, notification of intent to continue to engage in de novo activities (ownership and management of real property to be used primarily for conducting the present banking and non-banking activities of Patagonia Corporation, or for conducting any future activities which the Board may approve, through a subsidiary known as Patagonia Subsidiaries Properties, Inc., in Tucson, Arizona. Permitted **American Fletcher Corporation, Indianapolis, Indiana, to engage in de novo activities (originating, closing, servicing, warehousing, and selling loans secured by real estate mortgages, including but not necessarily limited to FHA V VA and conventional residential mortgage loans and mortgage loans made to finance costs of land acquisition, development and construction in connection with residential and commercial real estate development) in Cleveland, Ohio, through a subsidiary known as American Fletcher Mortgage Company, Indianapolis, Indiana. 4- 5-73 4-19-73 7 **Brenton Banks, Inc., Des Moines, Iowa, to engage in a de novo activity (making loans and other extensions of credit, such as would be made by a finance company operating under the Small Loan and Industrial Loan Laws of the State of Iowa) through a subsidiary known as Brenton Financial, Inc., Des Moines, Davenport, and Cedar Rapids, Iowa. 4-19-73 12 **Marine Bancorporation, Seattle, Washington, to relocate a de novo activity (making or acquiring, for Its own account or for the account of others, loans and other extensions of credit) from Aloha, Oregon, to Beaverton, Oregon, through a subsidiary known as Coast Mortgage Company. 4-21-7 3 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. # H.2 1973 No. 16 12 12 " 15 Permitted Continued **U. S. Bancorp, Portland, Oregon, to engage in a de novo activity (acting as investment or financial adviser including serving as the advisory company for a mortgage or a real estate investment trust; serving as investment adviser, as defined in section 2 (a) (20) of the Investment Company Act of 1940, to an investment company registered under that Act; providing portfolio investment advice to any other person; and furnishing general economic information and advice, general economic statistical forecasting services and industry studies and incidental activities necessary thereto) in Seattle, Washington; and Palo Alto, California, through its subsidiary, Bancorp Management Advisers, Inc. Delayed **BanCal Tri-State Corporation, San Francisco, California, notification of intent to engage in a de novo activity (acting as an insurance agent or broker with respect to any insurance that is directly related to an extension of credit by a bank-related firm or is directly related to provision of other financial services by a bank-related firm, or is otherwise sold as a matter of convenience to the purchaser) through a subsidiary to be known as BanCal Leasing Company, Stamford, Connecticut. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 4-21-73 4-16-73
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