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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL -RESERVE SYSTEM

H.2, 1990, to. 17
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending April 28, 1990

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES
Cheshire Financial Corporation, Keene, New Hampshire
— to acquire Village Savings Bank, Greenville, New
Hampshire.
Approved, April 23, 1990.
Fleet / Norstar Financial Group, Providence, Rhode
Island, and Fleet / Norstar New York, Albany, New
York — to acquire certain assets of Heartland
Securities, Inc., Chicago, Illinois, and engage in
retail securities brokerage services.
Approved, April 23, 1990.
Mitsui Bank Limited, Tokyo, Japan, and The Taiyo Kobe
Bank, Limited, Kobe, Japan — reconsideration of
Board7s approval of the application to acquire
Taiyo Kobe Bank and Trust Company, New York,
New York.
Denied, April 25, 1990.
BOARD OPERATIONS
Risks to U.S. Banking System Posed by Troubled
Foreign Loans and Adequacy of Reserve Levels
Against Loans to Highly Indebted Countries —
report of the three Federal bank regulatory
agencies sent to the Congress.
Approved, April 25, 1990.
RESERVE BANK SERVICES




Fedwire — revisions to operating hours
(Docket R-0676).
Approved, April 25, 1990.
Fedwire — notification of receivers of off-line
funds transfers (Docket R-0690).
Proposed, April 25, 1990.

joint

H.2
APRIL 23, 1990
PAGE 2

TO

APRIL 27, 1990

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; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; GC - General Counsel; IF - International Finance; OSDM - Office
of Staff Director for Management
BANK BRANCHES, DOMESTIC
Richmond

Central Fidelity Bank, Richmond, Virginia — to
establish a branch at 3167 Duke Street, Alexandria,
Virginia.
Approved, April 24, 1990.

New York

Chemical Bank, New York, New York — to establish a
branch at 216 Old Country Road, Nineola, New York.
Approved, April 27, 1990.

New York

Chemical Bank, New York, New York — to establish a
branch at Worldwide Plaza, 325 West 49th Street.
Approved, April 27, 1990.

Kansas City

Heritage Bank of Olathe, Olathe, Kansas —
establish a branch at 1125 W. Dennis.
Approved, April 25, 1990.

Kansas City

Peoples Bank, Pratt, Kansas —
in Medicine Lodge, Kansas.
Approved, April 26, 1990.

Kansas City

Wahoo State Bank, Wahoo, Nebraska — to establish an
automated teller machine at 1063 North Chestnut
Street.
Approved, April 23, 1990.

to

to establish a branch

BANK HOLDING COMPANIES




S t . Louis

AMBANC Corp., Vincennes, Indiana — to merge with
Citizen1s National Corporation, Linton, Indiana,
and accjuire Citizen1s National Bank of Linton.
Approved, April 24, 1990.

Chicago

Amcore Financial, Inc., Rockford, Illinois — fo
engage de novo in trust activities through Amcore
Trust Company.
Permitted, April 27, 1990.

Chicago

Bank of Montreal, Montreal, Canada — to purchase
certain assets and assume certain liabilities of
Libertyville Federal Savings and Loan Association.
Approved, April 23, 1990.

H. 2
APRIL 23, 1990
PAGE 3

TO

APRIL 27, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Atlanta

Barnett Banks, Inc., Jacksonville, Florida — to
establish Barnett FSB, and to acquire certain
assets and assume certain liabilities of First
Federal Savings Association of the Florida Keys,
Key West, Florida.
Approved, April 27, 1990.

Kansas City

Business Banc of America, Inc., Abilene, Kansas — to
acquire Citizens Bank Services, Inc., and Citizens
Bank and Trust Company.
Approved, April 27, 1990.

Chicago

Central - State Bancorp, Inc., Frankfort, Michigan —
to engage de novo in mortgage activities through
Central State Service Corp. Beulah, Michigan.
,
Returned, April 23, 1990.

Kansas City

Columbus Corp., Stanley, Kansas —
Bank.
Approved, April 26, 1990.

Dallas

Crosby Bancshares of Delaware, Inc., Wilmington,
Delaware — to acquire Crosby State Bank, Crosby,
Texas.
Waived, April 23, 1990.

S t . Louis

Delta Bancshares, Inc., Eudora, Arkansas —
de novo in credit related insurance.
Permitted, April 26, 1990.

Philadelphia

Diamond State Bancorp, Dover, Delaware —
Diamond State Bank, N.A.
Approved, April 26, 1990.

Minneapolis

Duke Financial Group, Inc., St. Paul, Minnesota — to
acquire Peoples State Bank of Cambridge, Cambridge,
Minnesota, and Community State Bank of Princeton,
Princeton, Minnesota.
Waived, April 23, 1990.

Dallas

EastPark Bancshares, Inc., Dallas, Texas —
acquire EastPark National Bank.
Approved, April 25, 1990.

to acquire Stanley

to engage

to acquire

to

H.2
APRIL 23, 1990
PAGE 4

TO

APRIL 27, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Chicago

S t . Louis




First Commercial Corporation, Little Rock, Arkansas
engage de novo in data processing activities
Permitted, April 24, 1990.

Secretary

~
~

First Colonial Bankshares Corporation, Chicago,
Illinois — to acquire Fox Lake Bank, Fox Lake,
Illinois.
Approved, April 23, 1990.

First Commonwealth Financial Corporation, Indiana,
Pennsylvania
to acquire Peoples Bank and Trust
Company# Jennerstown# Pennsylvania.
Approved# April 26, 1990.

Dallas

Globalshare, Limited# Road Town# Tortola, British
Virgin Islands — to acquire El Paso Financial
Corporation# Wilmington# Delaware# and El Paso
State Bank# El Paso# Texas.
Approved# April 23# 1990.

Chicago

Harris Bankcorp# Inc.# Chicago# Illinois — to
purchase certain assets and assume certain
liabilities of Libertyville Federal Savings and
Loan Association.
Approved# April 23# 1990.

Secretary

Mid - South Bancorp# Inc.# Franklin# Kentucky —
acquire The Peoples Bank of Elk Valley#
Fayetteville# Tennessee.
Approved# April 24# 1990.

S t . Louis

Missouri Quad Bancshares# Inc.# Kansas City# Missour
— to acquire Quad County Banshares# Inc.#
Viburnum# Missouri# and Quad County State Bank.
Approved# April 27# 1990.

New York

Mitsubishi Trust and Banking Corporation# Tokyo,
Japan — to acquire Spectrum Capital# Ltd.# New
York# New York, and BC Capital Partners L.P., Las
Vegas# Nevada# and engage in financing and leasing
aircraft through BC Capital Partners.
Approved# April 27# 1990.

Staff Director
BS&R

NCNB Corporation, Charlotte, North Carolina —
proposal that NCNB Texas National Bank# Dallas#
Texas# purchase the assets and assume the
liabilities of Interim Five NCNB Texas# F.S.B.
Approved# April 27# 1990.

to

H .2

APRIL 23, 1990
PAGE 5

TO

APRIL 27, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Richmond

NCNB Corporation, Charlotte, North Carolina —
establish Interim Five NCNB Texas, F.S.B.,
Duncanville, Texas.
Approved, April 27, 1990.

to

Minneapolis

Peoples State Bank of Cambridge, Cambridge, Minnesota
— to acquire Community State Bank of Princeton,
Princeton, Minnesota.
Waived, April 23, 1990.

Cleveland

PNC Financial Corp., Pittsburgh, Pennsylvania — to
engage in securities activities on the order of
investors as a "riskless principal" through PNC
Securities Corp.
Withdrawn, April 27, 1990.

Dallas

Sabine Bancshares, Inc., Many, Louisiana —
bank control.
Returned, April 23, 1990.

New York

Societe Generale, Paris, France — to engage in
investment and financial advisory activities
through Societe Generale Touche Remnant
Corporation, New York, New York.
Permitted, April 24, 1990.

New York

State Bank of South Australia, Adelaide, South
Australia, Australia — to engage nationwide in
lending activities through Centre Capital Funding
Corporation, Inc., Evanston, Illinois.
Permitted, April 27, 1990.

Chicago

Sturm Investments, Inc., Omaha, Nebraska — to engage
de novo in the issuance and holding of secured
promissory notes for stock purchases by key
personnel of Sturm and affiliated entities.
Permitted, April 27, 1990.

San Francisco

Sumitomo Bank, Limited, Osaka, Japan — to expand
certain swap activities currently engaged in by
Sumitomo Bank Capital Markets, Inc., New York, New
York, to the latter’s de novo London subsidiary,
S.B.C.M. (UK), London, England.
Approved, April 25, 1990.

change in

H. 2
APRIL 23, 1990
PAGE 6

TO

APRIL 27, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Kansas City

Union Colony Bancorp, Greeley, Colorado — to acquire
Valley National Bank, Loveland, Colorado.
Approved, April 25, 1990.

BANK MERGERS
Richmond

Crestar Bank, Richmond, Virginia — to purchase
certain of the assets and assume certain of the
liabilities of the branch of Perpetual Savings
Bank, F.S.B., McLean, Virginia, located at 750
Independence Boulevard, Virginia Beach, Virginia.
Approved, April 26, 1990.

BANK PREMISES
Chicago

Henry County Bank, Green Rock, Illinois —
in bank premises.
Approved, April 23, 1990.

Philadelphia

Meridian Bank, Reading, Pennsylvania —
bank premises.
Approved, April 25, 1990.

Chicago

Rock Island Bank, Rock Island, Illinois —
in bank premises.
Approved, April 23, 1990.

investment

investment in

investment

BANKS, STATE MEMBER




Staff Director American Bank & Trust Company, New Orleans, Louisiana
— transfer agent registration.
BS&R
Withdrawn, April 23, 1990.

H .2

APRIL 23, 1990
PAGE 7

TO

APRIL 27,

1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

CAPITAL STOCK
San Francisco

Brighton Bancorp, Salt Lake City, Utah —
of shares.
Approved, April 25, 1990.

redemption

CHANGE IN BANK CONTROL
San Francisco

Capital City Bank Employee Stock Ownership Plan, Salt
Lake City, Utah — change in bank control.
Returned, April 26, 1990.

Kansas City

Paonia Financial Services, Inc., Paonia, Colorado —
change in bank control.
Permitted, April 27, 1990.

COMPETITIVE FACTORS REPORTS




Atlanta

Barnett Bank of Hernando County, N.A., Spring Hill,
Florida, proposed merger with Barnett Bank of
Citrus County, N.A., Inverness, Florida — report
on competitive factors.
Submitted, April 24, 1990.

Kansas City

Columbian National Bank and Trust Company, Topeka,
Kansas, proposed merger with Topeka Bank and Trust
Company — report on competitive factors.
Submitted, April 24, 1990.

Richmond

Farmers and Citizens State Bank, Clendenin, West
Virginia, proposed merger with FC Interim Bank,
Inc. — report on competitive factors.
Submitted, April 26, 1990.

Cleveland

First Bancorporation of Ohio, Akron, Ohio, proposed
acquisition of Peoples Savings Bank, Ashtabula,
Ohio — . report on competitive factors.
Submitted, April 23, 1990.

Atlanta

First Federal Savings Bank of Tennessee, Tullahoma,
Tennessee, proposed merger with First Federal
Interim Savings Bank — report on competitive
factors.
Submitted, April 25, 1990.

H .2
APRIL 23,
PAGE 8

1990

TO

APRIL 27, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Minneapolis

First Fidelity Bank, Burke, South Dakota, proposed
merger with Ranchers National Bank of Winner,
Winner, South Dakota — report on competitive
factors.
Submitted, April 25, 1990.

Atlanta

First Florida Banks, Inc., Tampa, Florida, proposed
purchase of the assets and assumption of the
deposit liabilities of Mid-State Federal Savings
Bank, Ocala, Florida — report on competitive
factors.
Submitted, April 24, 1990.

Atlanta

First Peoples Bank of Jefferson County, Jefferson
City, Tennessee, proposed merger with First Peoples
Bank Merger Subsidiary, Inc., Newport, Tennessee —
report on competitive factors.
Submitted, April 24, 1990.

Richmond

FirstBank Shinnston, Shinnston, West Virginia,
proposed merger with First Interim Bank — report
on competitive factors.
Submitted, April 23, 1990.

San Francisco

Great American Bank, SSB, San Diego, California,
proposed merger with Great American Bank, FSB,
Tucson, Arizona — report on competitive factors.
Submitted, April 27, 1990.

Chicago

Guthrie County State Bank, Guthrie Center, Iowa,
proposed merger with GC State Bank — report on
competitive factors.
Submitted, April 23, 1990.

H .2

APRIL 23, 1990
PAGE 9

TO

APRIL 27, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Chicago

Ottawa Savings Bank, FSB, Holland, Michigan, proposed
merger with Great Lakes Bancorp, A Federal Savings
Bank, Ann Arbor, Michigan — report on competitive
factors.
Submitted, April 26, 1990.

Cleveland

Peoples Banking and Trust Company, Marietta, Ohio,
proposed merger with The Peoples Bank, Nelsonville,
Ohio — report on competitive factors.
Submitted, April 23, 1990.

S t . Louis

Peoples Building and Loan Association of Oblong,
Oblong, Illinois, proposed merger with First
Robinson Savings and Loan Association — report on
competitive factors.
Submitted, April 25, 1990.

S t . Louis

Posey County National Bank, Mount Vernon, Mount
Vernon, Indiana, proposed merger with Farmers Bank
& Trust Company, Wadesville, Indiana — report on
compet it ive factors.
Submitted, April 27, 1990.

Chicago

Suburban National Bank of Palatine, Palatine,
Illinois, proposed merger with Suburban National
Bank of Woodfield, Schaumburg, Illinois — report
on competitive factors.
Submitted, April 23, 1990.

ENFORCEMENT




Secretary

Northwest Indiana Bancshares, Inc., Fort Wayne,
Indiana — extension of time to file exceptions and
briefs with respect to recommended decision in case
involving David DeHart, Robert Marcuccilli, Wayne
Roe, V. Edgar Stanley, Jerry Grady, and Jerry
Sisinger.
Granted, April 24, 1990.

H .2
APRIL 23, 1990
PAGE 10

TO

APRIL 27, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME
San Francisco

BankAmerica Corporation, San Francisco, California —
extension to divest certain property.
Granted, April 23, 1990.

Richmond

First Virginia Bank - Colonial, Richmond, Virginia —
extension to June 10, 1990, to establish a branch
at 497 Southpark Circle, Colonial Heights,
Virginia.
Granted, April 25, 1990.

Philadelphia

Omega Financial Corporation, State College,
Pennsylvania, extension to July 29, 1990, to
acquire up to 9.99 percent of Mifflinburg Bancorp,
Inc.
Granted, April 24, 1990.

Boston

People’s Savings Financial Corp. New Britain,
,
Connecticut — extension to July 20, 1990, to
redeem shares.
Granted, April 24, 1990.

Staff Director
BS&R

Security Pacific Corporation, Los Angeles, California
— extension to October 21, 1990, to conform
activities of Burns Fry Holdings Corporation,
Toronto, Ontario, Canada.
Granted, April 24, 1990.

Richmond

Signet Bank / Virginia, Richmond, Virginia —
extension to December 16, 1990, to establish a
branch at 2230 East Parham Road.
Granted, April 24, 1990.

INTERNATIONAL OPERATIONS
Philadelphia

Philadelphia National Bank, Philadelphia,
Pennsylvania — to establish a branch in Hong Kong.
Approved, April 23, 1990.

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of St. Louis — to increase
daily and per-item fees of the return item
reclearing service in the Little Rock, Louisville,
and Memphis Branches.
Approved, April 26, 1990.

H .2
APRIL 23,
PAGE 11

1990

TO

APRIL

2 7 , 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

SECURITIES REGULATION




Staff Director
BS&R

Over-the-counter stocks — revised list of OTC stocks
subject to margin requirements, effective May 14,
1990.
Published, April 27, 1990.

H .2

ADDITIONS AND CORRECTIONS

APRIL 23,
PAGE 12

1990

TO

APRIL 27,

1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Minneapolis

Taylor Bancshares, Inc., North Mankato, Minnesota —
to acquire Farmers National Bank of Minnesota Lake,
Minnesota Lake, Minnesota.
Approved, April 5, 1990.

CHANGE IN BANK CONTROL
Minneapolis

Windom State Investment Company, Windom, Minnesota —
change in bank control.
Permitted, April 6, 1990.

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Kansas City — to provide
financial institutions with an automated clearing
house return service through an interactive
telephone voice response system.
Approved, April 20, 1990.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application

Ccmroent Period Ending Date
NONE

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

Conrnent Period Ending Date
NONE

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application

Comment Period Ending Date

The Royal Bank of Scotland Federal Register
Group pic, Edinburgh,
United Kingdom - 4(c)(8)
application for prior
approval to engage
indirectly through its
wholly owned subsidiaries
Charterhouse Inc., Charterhouse North American
Securities, Inc., and
Charterhouse Properties,
Inc., in certain nonbanking
activities, to acquire
a partnership interest
in a de novo general
partnership, Continental
Partners, and to engage
indirectly through
Continental Partners in
certain nonbanking
actitivies

Not Yet Established

First Regional Bancorp,
Federal Register
Inc.,Hartford, Connecticut
- 4 (c)(8) application to
engage in the private
placement of debt and equity
securities and to provide
merger and acquisition
advice and services through
First Regional Investcorp,
Inc., Hartford, Connecticut

Not Yet Established







SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
♦Subject to CRA

Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only_________

Chemical Bank, New York, New York to establish a
branch at Hudson Armor Car & Courier Service, Inc.,
Upper North Road, Highland, New York.l/

5/22/90

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice

Chase Manhattan National Corporation, New York,
New York ("CMNC") to acquire The Chase Manhattan
Bank (USA), N.A., Wilmington, Delaware and certain
nonbanking subsidiaries of The Chase Manhattan
Corporation, New York, New York. CMNC also intends
to establish a branch in Jersey, Channel Islands to
accept deposits from non-United States residents and
non-United States citizens only.l/

5/7/90 2/

SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)

Swiss Bank Corporation, Basel, Switzerland to enter
into a joint venture with the management of O'Connor
& Associates, a Chicago investment advisor to
(1) provide investment and financial advisory services
to affiliates, (2) engage through a de novo subsidiary
in acting as the specialist in Swiss Franc options and
a market maker in certain other foreign exchange options
on the Ehiladelphia Stock Exchange, executing and
clearing options transactions, and hedging options
positions and (3) engage de novo through its existing
government securities dealer in trading options and
hedging positions in options on government securities.
The Fuji Bank, Limited, Tokyo, Japan to engage through
its subsidiary, Fuji Capital Markets Corporation, New
York, New York, in intermediating in the international
swap markets by acting as an originator and principal




N/A

in interest rate swap and currency swap transactions,
acting as an originator and principal with respect to
swap derivative products, acting as broker or agent
with respect to the above transactions and instruments,
and acting as advisor to institutional customers
regarding financial strategies involving interest rate
and currency swaps and swap derivative products.

N/A

SECTION IV
Applications Not Involving
______ Public Comment______
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.

FEDERA L R ESER V E BANK OF PH ILA D ELPH IA

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.
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
Univest Corporation of Pennsylvania. Souderton,
PA to acquire 100% of the voting shares of
Pennview Savings Association, Souderton, PA,
pursuant to Section 4(c)(8) of the Bank Holding
Company Act.

N/A*

Bryn Mawr Bank Corporation, Bryn Mawr, PA to
establish Profit Research Consulting, Inc., Bryn
Mawr, PA to engage in management consulting services
for nonaffiliated depository institutions, 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.




Applications Bulletin
For Week Ending April 28, 1990

SECTION I - APPLICATIONS SUBJECT TO NEW S P A P E R
NOTICE ONLY
NONE

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REG I S T E R NOTICE
APPLICATION

COMMENT PERIOD ENDING

R e c e i v e d S ection 3(a)(1) application on
April 18, 1990 from First Grayson Bancorp,
Inc., Grayson, Kentucky, to acquire The
First National Bank of Grayson, Grayson,
Kentucky.

* F - M a y 14,

1990

SECTION III - APPLICATIONS SUBJECT TO F EDERAL R E G ISTER
NOTICE ONLY
Received S e ction 4(c)(8) application on
April 25, 1990 from F.N.B. Corporation,
Hermitage, Pennsylvania, to acquire
Dollar Savings Association, New Castle,
Pennsylvania.

Not Yet Known #

SECTION IV ~ APPLICATIONS NOT SUBJECT TO F E DERAL REGI S T E R NOTICE
OR NEWSPAPER NOTICE
NONE

*
#
N
F

-

Sub ject to CRA
Expe c t e d to end approximately 30 days from the date of receipt
N e w s p a p e r Comment Period
Federal Register Comment Period




Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only
Application

Comment Period Ending Date

None

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Carl D. Silver, Change in Control with
respect to Fredericksburg National Bancorp,
Inc., Fredericksburg, Virginia.*
**

5-8-90

Second National Financial Corporation,
Culpeper, Virginia, to become a bank
holding company through the acquisition
of Second National Bank, Culpeper, Virginia.*

5-20-90

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

Premier Bankshares Corporation, Tazewell,
Virginia, to engage in providing data pro­
cessing services to the public at large
pursuant to written agreements.**

5-11-90

BB&T Financial Corporation, Wilson, North
Carolina, for prior approval to acquire
Carolina Bancorp, Inc., and its subsidiary,
First Federal of the Carolinas, F.A., both
of High Point, North Carolina.**

5-11-90

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None

*Application is subject to CRA.
**Expiration of comment period specified in the Federal Register.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 27, 1990
Section I - Applications Subject to Newspaper Notice Only
Application
Trust Company Bank
05-22-90 (CRA)
Atlanta, Georgia
Newspaper
To merge with Trust Company Bank of Douglas County, Douglasville, Georgia.

AmSouth Bank of Tennessee
Nashville, Tennessee
To become a member of the Federal Reserve System, pursuant to section 9 of
the Federal Reserve Act.

Section II - Applications Subject To Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

SouthTrust Corporation
04-30-90
Birmingham, Alabama
Newspaper
Along with SouthTrust of Florida, Inc., St. Petersburg, Florida, to merge
with South Florida Financial Corporation, Cape Coral, Florida, and thereby
acquire its subsidiary bank, Community National Bank, Cape Coral, Florida.

EuroHoldings, Inc.
Coral Gables, Florida
1-BHC formation, Transflorida Bank of Palm Beach, Boca Raton, Florida,
formerly located in Boynton Beach, Florida.

CSRA Bank Corp.
05-07-90
Wrens, Georgia
Newspaper
1-BHC formation, First State Bank, Wrens, Georgia.

First Gwinnett Bancshares, Inc.
Norcross, Georgia
1-BHC formation, First Gwinnett Bank, Norcross, Georgia.

Section III - Applications Subject to Federal Register Notice Only
Application
Forest Bancorp
Forest, Mississippi
To engage de novo in providing management consulting advice to nonaffiliated
banks and nonbank depository institutions through Bankers Services Corporation,
Forest, Mississippi, pursuant to section 225.25(b)(11) of Regulation Y.




Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspap*
Notice Only
Comment Period
Ending Date

Type

Application

Merger/
Branch

Deland State Bank
Deland, Illinois
Monticello, Illinois Branch of
Citizens Federal Bank, Miami, Florida*

N

- 4-21-90

Branch

Warren Bank
Warren, Michigan
NW Corner Dodge Park and Warsaw Drive
Sterling Heights, Michigan*

N

-

5-5-90

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date

Type

Application

COC-HC

Charter National Bancorp, Inc.
Taylor, Michigan
Charles A. Brethen, Jr., Trustee of
Charles A. Brethen, Jr. Trust

FR - 3-16-90
N - 4-10-90

Y-l

Manning Financial Services, Inc.
Manning, Iowa
The First National Bank of Manning
Manning, Iowa*

FR - 4-25-90
N - 4-30-90

Y-l

First Colonial/York, Inc.
Chicago, Illinois
York Bancshares Corporation
Elmhurst, Illinois
York State Bank and Trust Company
Elmhurst, Illinois*

FR - 4-30-90
N - 5-16-90

Y-2

First Midwest Bancorp, Inc.
Naperville, Illinois
Plainfield National Bank
Plainfield, Illinois*

FR N -

CoC-HC

First Sioux Bancshares, Ltd.
Sioux Center, Iowa
William Biles III, John Biles &
Brian Riddell

FR - 4-27-90
N - 5-8-90




5-2-90
5-4-90

Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date

Type

Application

Y-2

Capitol Bancorp, Ltd.
Lansing, Michigan
Ann Arbor Commerce Bank (in organization)
Ann Arbor, Michigan*

FR - **
N - **

Y-l

John Warner Financial Corporation
Clinton, Illinois
The John Warner Bank
Clinton, 111inois*

FR - **
N - **

Y-l

Northwest Bancorp, Inc.
Hoffman Estates, Illinois
First National Hoffman Bancorp, Inc.
Hoffman Estates, Illinois
First National Bank of Hoffman Estates
Hoffman Estates, Illinois
First Midwest Financial Corporation
Hoffman Estates, Illinois
Charter Bank and Trust of Illinois
Hanover Park, Illinois*

FR - **
N - 5-23-90

Section III - Applications Subject to Federal Register Notice
Only
Comment Period
Ending Date

Type

Application

Y-4

First of America Bank Corporation
Kalamazoo, Michigan
Shelby Federal Savings Bank
Indianapolis, Indiana

FR -

5-4-90

Y-4

West Suburban Bancorp, Inc.
Lombard, Illinois
Aurora Federal Savings Bank, F.S.B.
Aurora, Illinois

FR -

5-4-90

4(c)(8)

Ashton Bancorporation, Inc.
Ashton, Illinois
Sell life, health, property and
casualty insurance and annuities

FR - **




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date

Type

Application

Y-4

SCB Bancorp, Inc.
Decatur, Illinois
First Federal Savings and Loan
Association of Macon County
Decatur, Illinois

FR - **

Y-4

Oxford Financial Corporation
Addison, Illinois
Make and service loans through
Hampton Park Corporation
Romeoville, Illinois

FR - **

Section IV - Applications Not Subject to Federal Register Notice
Or Newspaper Notice
Type

Application

None

N
FR
*
**

.
.




Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time

A p r i l 27,

F e d e r a l R e se rv e Bank o f S t. L o u is

1990

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

Comment Period Ending Date

^Section 3(a)(3) application
by Cass Commercial Corporation,
St. Louis, Missouri, to acquire
Cass Bank of St. Louis, St. Louis,
Missouri, a de novo bank.

(Newspaper 5-22-90)

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None.
*This application is subject to CRA.




F EDERAL RESERVE BANK OF M INNEAPOLIS

Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date

Application
None.

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
C o mment Period
Endi n g Date

Application
The Merchants Holding Company
Winona, MN
To acquire LaCrescent State Bank,
LaCrescent, MN*

5-14-90

Century B a n c s h a r e s , I n c .
Eden Prairie, MN
To acquire Century Bank, N . A . ,
Eden Prairie, MN*

Not yet available

(Federal Register)

Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
None.

Section IV - Applications Not S ubject to
Federal Reserve Notice or Newspaper No t i c e
Application
None.

♦Subject to CRA




Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDING D A T E

None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

COMMENT PERIOD ENDING D A T E

First Bankshares of Las Animas, Inc.,
Las Animas, Colorado, for prior
approval to acquire 100 percent of
the voting shares of First National
Bank of La Junta, La Junta,
Colorado.*

Not Available

John Dugan, Wichita, Kansas; John
Daley, Garden City, Kansas; Patrick
Regan, Wichita, Kansas; William
Higgins, Wichita, Kansas; Melvin
Winger, Johnson, Kansas; R. D. Floyd,
Johnson, Kansas; John Lewis,
Syracuse, Kansas; Paul Dugan,
Wichita, Kansas; Patrick Regan, Jr.,
Wichita, KansaS; Glenn Dugan,
Goddard, Kansas; and Larry Carney,
Wichita, Kansas; to acquire 100
percent of American National
Bancshares of Wichita, Inc., Wichita,
Kansas.

Not Available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
First Financial Corporation,
Wellington, Kansas, for prior
approval to acquire 100 percent of
voting shares of Wellington Area Test
Farm, and thereby engage in community
development activities (060).




COMMENT PERIOD ENDING D A T E
Not Available

Federal Reserve Bank o f Kansas City

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL R EGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.

*Application is subject to CRA.




FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF APRIL 23, 1990

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.

SECTION i l - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

** NOTICE EXP

Change in Control Notice by
Mike Broussard, Leveliand, TX; Bob Veretto, Levelland, TX;
and John W. Soules, Sundown, TX, to acquire an interest
in Sundown Bankshares, Inc., Sundown, TX

N/A

Change in Control Notice by
Bob Veretto, Levelland, TX; John W. Soules, Sundown, TX; and
Mike Broussard, Levelland, TX, to acquire an interest in
Sundown Bankshares, Inc., Sundown, TX

N/A

Change in Control Notice by
John W. Soules, Sundown, TX; Mike Broussard, Levelland, TX;
and Bob Veretto, Levelland, TX, to acquire an interest in
Sundown Bankshares, Inc., Sundown, TX

N/A

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
Section 4(c)(8) de novo notification by
United Texas Financial Corporation, Wichita Falls, TX, to
engage in the activity of acquiring loans for itself or
for others of the type made by an agricultural lender
pursuant to Section 225.25(b)(1)




NOTICE EXP

N/A

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NENSPAPER NOTICE
APPLICATION
None.

* 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 FRANCHSOO

Week ending 4/27/90

Section I - Applications Subject to Newspaper Notice Only

Application

Comment Period Ending Date

None.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice

♦First Hawaiian, Inc., Honolulu, Hawaii,
to acquire First Interstate of Hawaii,
Inc., Honolulu, Hawaii.
♦Cascade Bancorp, Bend, Oregon, to
become a bank holding company
through the acquisition of 100 percent
of Bank of the Cascades, Bend, Oregon.

Fed. Rea.: Not Available
Newspaper: Not Available
Fed. Rea.: Not Available
Newspaper: Not available

Section III - Applications Subject to Federal Register Notice Only

Hie Dai-Ichi Kangyo Bank, Ltd., Tokyo,
Japan, to engage in futures commission
merchant and futures advisory activities
through a yet-to-be named subsidiary.

Fed. Rea.: Yet-to-bepublished,

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
Central Bancorporation, Wenatchee, Washington, to redeem up to 150,000 shares of
common stock.

* Subject to CRA.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102