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ANNOUNCEMENT

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1 9 9 0 , No. 14
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending April 7, 1990

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTIMONY AND STATEMENTS
Globalization of financial markets and the
competitive effectiveness of U.S. banks —
statement by Chairman Greenspan before the Task
Force on the International Competitiveness of U.S.
Financial Institutions of the Subcommittee on
Financial Institutions of the House Committee on
Banking# Finance and Urban Affairs# April 4# 1990.
Published# April 4# 1990.
Merchants National case concerning applicability of
the Bank Holding Company Act to the direct
activities of banks owned by bank holding companies
— statement by Vice Chairman Johnson before the
Subcommittee on Financial Institutions Supervision#
Regulation and Insurance of the House Committee on
Banking# Finance and Urban Affairs# April 4# 1990.
Authorized# April 4# 1990.

BANK BRANCHES, DOMESTIC
Trust Company Bank# Atlanta# Georgia —
a branch in Woodstock# Georgia.
Approved# April 2# 1990.

to establish

BANK HOLDING COMPANIES




Bank of Nova Scotia# Toronto# Ontario# Canada — to
engage tq a limited extent in underwriting and
dealing in debt and equity securities through
ScotiaMcLeod (USA) Inc.# New York# New York.
Approved# April 2# 1990.
Wells Fargo & Company# San Francisco# California —
to engage in trust services and investment advisory
activities through a joint venture with The Nikko
Securities Company# Limited# Tokyo# Japan.
Approved# April 2# 1990.

H.2
APRIL 2/ 1990
PAGE 2

TO

APRIL 6, 1990

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

INTERNATIONAL OPERATIONS
Chase Manhattan Overseas Banking Corporation,
Wilmington, Delaware — to retain shares of Chase
Manhattan Securities Limited, St. Helier, Jersey,
Channel Islands — after engaging through its Tokyo
office as a futures commission merchant in the
execution and clearance of certain financial
futures contracts traded on the Tokyo International
Financial Futures Exchange.
Approved, April 2, 1990.
RESERVE BANK OPERATIONS
Federal Reserve Bank of New York — to pward
contracts for initial construction work on the East
Rutherford Operations Center.
Approved, April 2, 1990.
Federal Reserve Bank of Philadelphia —
new check processing system.
Approved, April 2, 1990.

to install a

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
New York

Chemical Bank, New York, New York — to establish a
branch at the New York Technical College, 300 Jay
Street, Brooklyn, New York.
Approved, April 5, 1990.

Philadelphia

Sabina Bank, Sabina, Ohio — to establish a branch at
Washington Courthouse, Ohio.
Withdrawn, April 5, 1990.

BANK HOLDING COMPANIES




New York

Chase Manhattan Corporation, New York, New York — to
engage de novo in consulting and financial advisory
services through Chase Securities, Inc.
Approved, April 6, 1990.

Cleveland

Fifth Third Bancorp, Cincinnati, Ohio — to engage de
novo in community development activities.
Permitted, April 2, 1990.

H.2
APRIL 2, 1990
PAGE 3

TO

APRIL 6, 1990

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

BANK HOLDING COMPANIES




Chicago

First Affiliated Bancorp, Inc., Watseka, Illinois —
to acquire Bancorp of Northwestern Indiana,
Goodland, Indiana, and the Goodland State Bank.
Approved, April 4, 1990.

Kansas City

First American Bancshares, Inc., Kansas City, Kansas
— to acquire First American Bank, N.A., Lenexa,
Kansas, and to merge with Kansas Bancorporation,
Inc., Kansas City, Kansas, and Wyandotte Ban
Corporation.
Approved, April 6, 1990.

Atlanta

First American Corporation, Nashville, Tennessee —
to acquire First American Trust Company, N.A.
Withdrawn, April 2, 1990.

Chicago

First of America Bank Corporation, Kalamazoo,
Michigan — to acquire PrimeBank, Federal Savings
Bank, Grand Rapids, Michigan.
Approved, April 5, 1990.

GC

First State Corporation, Waynesboro, Mississippi —
request for reconsideration and stay of Board1s
order approving application to acquire up to 24.9
percent of First National Bank of Lucedale,
Lucedale, Mississippi.
Denied, April 3, 1990.

Dallas

Firstperryton Bancorp, Inc., Perryton, Texas — to
acquire Citizens Bank & Trust Company, Pampa,
Texas.
Approved, April 6, 1990.

New York

J.P. Morgan & Co. Incorporated, New York, New York to engage de novo in investment advisory and
management consulting activities.
Permitted, April 5, 1990.

Richmond

L.S.B. Bancshares, Inc., of South Carolina,
Lexington, South Carolina — to acquire Lowcountry
Bancshares, Inc., Varnville, South Carolina.
Approved, April 6, 1990.

H.2
APRIL 2, 1990
PAGE 4

TO

APRIL 6, 1990

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

BANK HOLDING COMPANIES
Staff Director
BS&R

Michigan National Corporation, Farmington Hills,
Michigan — relief from certain commitment
regarding its acquisition of Beverly Hills Federal
Savings Bank, Beverly Hills, California.
Granted, April 6, 1990.

Boston

Multibank Financial Corp., Dedham, Massachusetts —
to retain 6.38 percent of Andover Bancorp, Inc.,
Andover, Massachusetts, and 6.25 percent of The
Waltham Corporation, Waltham, Massachusetts.
Approved, April 6, 1990.

Kansas City

Putnam County Bancshares, Inc., Unionville, Missouri
— to acquire Putnam County State Bank.
Approved, April 4, 1990.

Chicago

Salin Bancshares of North Central Indiana,
Indianapolis, Indiana — to acquire Logansport
Bancorp, Inc.; The Farmers & Merchants State Bank;
and Skyline Village, an Indiana Limited
Partnership, Corunna, Indiana.
Approved, April 4, 1990.

St. Louis

Union Planters Corporation, Memphis, Tennessee — to
acquire North Arkansas Bancshares, Inc., Jonesboro,
Arkansas, and engage in data processing activities.
Approved, April 5, 1990.

Dallas

1868 Financial Corporation, Wilmington, Delaware —
to acquire Citizens National Bank of Weatherford,
Weatherford, Texas.
Returned, April 2, 1990.

BANK MERGERS




Chicago

DeLand State Bank, DeLand, Illinois — to merge with
National Bank of Monticello, Monticello, Illinois,
and to move the main office of Deland State Bank to
Monticello, and to establish a branch at Market and
Center Streets.
Approved, April 6, 1990.

H.2
APRIL 2, 1990
PAGE 5

TO

APRIL 6, 1990

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

BANK PREMISES
S t . Louis

Bank of Cairo and Moberly, Moberly, Missouri —
investment in bank premises.
Approved, April 5, 1990.

Chicago

DeLand State Bank, DeLand, Illinois —
bank premises.
Approved, April 6, 1990.

S t . Louis

First State Bank of Dongola, Dongola, Illinois —
investment in bank premises.
Approved, April 4, 1990.

investment in

BANKS, FOREIGN
Secretary

Banco del Caribe S.A.C.A., Caracas, Venezuela —
report to the Comptroller of the Currency on an
application to establish a limited federal service
branch in New York City.
Submitted, April 2, 1990.

CAPITAL STOCK
Kansas City

Columbus Corp., Stanley, Kansas —
shares.
Approved, April 4, 1990.

redemption of

Staff Director
BS&R

Freedom Valley Bank, West Chester, Pennsylvania —
request to include convertible debentures in
capital structure.
Approved, April 5, 1990.

CHANGE IN BANK CONTROL




Atlanta

BMR Financial Group, Inc., Atlanta, Georgia —
in bank control.
Permitted, April 5, 1990.

Chicago

First Interstate of Iowa, Inc., Des Moines, Iowa —
change in bank control.
Permitted, April 6, 1990.

Philadelphia

Freedom Valley Bank, West Chester, Pennsylvania
change in bank control.
Permitted, April 6, 1990.

change

—

H .2
APRIL 2, 1990
PAGE 6

TO

APRIL 6, 1990

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

CHANGE IN BANK CONTROL
Minneapolis

Minnehaha Banshares, Inc., Sioux Falls, South Dakota
— change in bank control.
Permitted, April 6, 1990.

S t . Louis

Moscow Bancshares, Inc., Moscow, Tennessee —
in bank control.
Permitted, April 2, 1990.

S t . Louis

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

change

COMPETITIVE FACTORS REPORTS




Chicago

American State Bank, North Judson, Indiana, proposed
merger with Newbank, North Judson, Indiana —
report on competitive factors.
Submitted, April 5, 1990.

Atlanta

Barnett Bank of Indian River County, Vero Beach,
Florida, proposed merger with Barnett Bank of St.
Lucie County, Port St. Lucie, Florida — report on
competitive factors.
Submitted, April 3, 1990.

Atlanta

Barnett Bank of Lake Okeechobee, Okeechobee, Florida,
proposed purchase of certain assets and assumption
of the liabilities of the Belle Glade Branch of
Barnett Bank of Palm Beach County, West Palm Beach,
Florida — report on competitive factors.
Submitted, April 3, 1990.

Atlanta

Barnett Bank of Palm Beach County, West Palm Beach,
Florida, proposed purchase of certain assets and
assumption of the deposit and certain other
liabilities of First American Bank & Trust, N.A.,
North Palm Beach, Florida — report on competitive
factors.
Submitted, April 4, 1990.

H.2
APRIL 2, 1990
PAGE 7

TO

APRIL 6, 1990

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

COMPETITIVE FACTORS REPORTS




Atlanta

Barnett Bank of Tallahassee, Tallahassee, Florida,
proposed purchase of certain assets and assumption
of the liabilities of the South Tallahassee, Lake
Jackson and Central Branch of Barnett Bank of Palm
Beach County, West Palm Beach, Florida — report on
competitive factors.
Submitted, April 3, 1990.

Kansas City

Emprise Bank, National Association, Hutchinson,
Kansas, proposed merger with Emprise Bank, Pratt,
Kansas — report on competitive factors.
Submitted, April 4, 1990.

S t . Louis

First Federal Savings and Loan Association of Bowling
Green, Bowling Green, Kentucky, proposed merger
with Interim Savings Bank — report on competitive
factors.
Submitted, April 5, 1990.

Chicago

First Macomb Bank, Mount Clemens, Michigan, proposed
merger with Warren Bank, Warren, Michigan — report
on competitive factors.
Submitted, April 5, 1990.

Kansas City

First National Bank in Mankato, Mankato, Kansas,
proposed merger with The Formoso Bank, Formoso,
Kansas — report on competitive factors.
Submitted, April 4, 1990.

Minneapolis

First National Bank of Norway, Norway, Michigan,
proposed merger with New Norway Interim National
Bank — report on competitive factors.
Submitted, April 4, 1990.

Kansas City

Florence State Bank, Florence, Kansas, proposed
acquisition of the assets and assumption of the
liabilities of Bank IV Butler County (Burns Branch)
— report on competitive factors.
Submitted, April 4, 1990.

Atlanta

Hancock Bank, Gulfport, Mississippi, proposed merger
with Metropolitan National Bank, Biloxi,
Mississippi — report on competitive factors.
Submitted, April 4, 1990.

H.2

APRIL 2, 1990
PAGE 8

TO

APRIL 6, 1990

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

COMPETITIVE FACTORS REPORTS




Atlanta

Kingsley Bank, Orange Park, Florida, proposed
acquisition of certain assets and assumption of
deposit liabilities of 13 branches of First Union
National Bank of Florida, Jacksonville, Florida —
report on competitive factors.
Submitted, April 3, 1990.

Atlanta

Liberty Savings Bank of South Georgia, F.S.B.,
Valdosta, Georgia, proposed merger with Liberty
Savings Bank, F.S.B., Macon, Georgia — report on
competitive factors.
Submitted, April 3, 1990.

Richmond

Maryland National Bank, Baltimore, Maryland, proposed
merger with Equitable Bank, National Association —
report on competitive factors.
Submitted, April 2, 1990.

Chicago

Merchants National Bank of Aurora, Aurora, Illinois,
proposed purchase of substantially all of the
assets and assumption of the liabilities of First
American Bank of Aurora, Aurora, Illinois — report
on competitive factors.
Submitted, April 5, 1990.

Atlanta

Peoples First Financial Savings and Loan Association,
Panama City, Florida, proposed merger with the
Successor Savings and Loan Association — report on
competitive factors.
Submitted, April 4, 1990.

Chicago

Republic Bank of Lake Zurich, Lake Zurich, Illinois,
proposed merger with State Bank of Lake Zurich —
report on competitive factors.
Submitted, April 5, 1990.

Minneapolis

Superior National Bank and Trust Company of Hancock,
Hancock, Michigan, proposed merger with Keweenaw
National Interim Bank — report on competitive
factors.
Submitted, April 5, 1990.

H.2

APRIL 2, 1990
PAGE 9

TO

APRIL 6, 1990

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

COMPETITIVE FACTORS REPORTS
Minneapolis

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

Atlanta

Trust Company Bank of South Georgia, Albany, Georgia,
proposed merger with Albany First Federal Savings
and Loan Association — report on competitive
factors.
Submitted, April 4, 1990.

Chicago

Warren County Federal Savings and Loan Association,
Williamsport, Indiana, proposed merger with
Montgomery Savings Association, A Federal
Association, Crawfordsville, Indiana — report on
competitive factors.
Submitted, April 5, 1990.

EXTENSIONS OF TIME




Kansas City

Limestone Bancshares, Inc., Sand Springs, Oklahoma —
extension to July 6, 1990, to achieve change in
bank control.
Granted, April 6, 1990.

Philadelphia

National Penn Bancshares, Inc., Boyertown,
Pennsylvania — extension to July 10, 1990, to
acquire Valley Community Bank, Wilkes-Barre,
Pennsylvania.
Granted, April 2, 1990.

San Francisco

Security Pacific Corporation, Los Angeles, California
— extension to divest certain property.
Granted, April 3, 1990.

San Francisco

Security Pacific Corporation, Los Angeles, California
— extensions to divest certain properties.
Granted, April 5, 1990.

Cleveland

Star Banc Corp., Cincinnati, Ohio — extension to
July 5, 1990, to acquire Fir - Ban, Inc., Verona,
Kentucky.
Granted, April 3, 1990.

H.2
APRIL 2, 1990
PAGE 10

TO

APRIL 6, 1990

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

EXTENSIONS OF TIME
S t . Louis

Union Planters Corporation, Memphis, Tennessee —
extension July 3, 1990, to acquire the successor by
merger to Security Bancshares, Inc., Paris,
Tennessee, and Security Bank and Trust Company.
Granted, April 4, 1990.

San Francisco

Wells Fargo & Company, San Francisco, California —
extensions to divest certain properties.
Granted, April 5, 1990.

Dallas

Bank of the West, El Paso, Texas — to become a
member of the Federal Reserve System.
Approved, April 3, 1990.

Philadelphia

Community Bank of Greater Hazleton, Hazleton,
Pennsylvania — to become a member of the Federal
Reserve System.
Approved, April 3, 1990.

Chicago

DeLand State Bank, DeLand, Illinois — to become a
member of the Federal Reserve System.
Approved, April 6, 1990.

MEMBERSHIP




H.2
APRIL 2, 1990
PAGE 11

ADDITIONS AND CORRECTIONS
TO

APRIL 6, 1990

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

FORMS
Survey of Financial Companies (FR 3033p and FR 3033s)
— quinquennial survey to be conducted in 1990.
Approved, March 14, 1990.

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

BANK HOLDING COMPANIES
Chicago

Campbell Group, Inc., Worth, Illinois — to acquire
Southwest Bancorp, Inc., and thereby acquire a
number of other institutions, and engage in
management consulting advisory activities.
Withdrawn, March 27, 1990.

Atlanta

Manufacturers Bank Holding Company, Tampa, Florida —
to acquire Manufacturers Bank of Florida.
Withdrawn, March 12, 1990.

COMPETITIVE FACTORS REPORTS




Kansas City

First State Savings Association, Sedalia, Missouri,
proposed merger with Farm & Home Savings
Association, Nevada, Missouri — report on
competitive factors.
Submitted, March 2, 1990.

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

Comnent Period Ending Date
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

Application

Comment Period Ending Date

New Bedford Community
Bancorp, New Bedford,
Massachusetts - Change
in Control Notification
filed by Jose Gouveia,
Jr., Maria C. Chavis,

Newspaper

4-14-90

Federal Register

4-18-90

John J. Kalife and
David Sylvia

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Comment Period Ending Date

Application
NONE

SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL, REGISTER OP. 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_________

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

Steuben Trust Corp., Homell, New York to become a bank
holding company with respect to Steuben Trust Company,
Homell, New York.l/

5/7/90 3/

SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Onlv^
Credit Lyonnais, Paris, France to engage de novo
through a U.S. branch office of Credit Lyormais/PK
Airfinance, Luxembourg in making, acquiring or
servicing loans and other extensions of credit
(including issuing letters of credit).

4/23/90

SECTION IV
Applications Not Involving
______ Public Comment______
None.

2/

2/
3/




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

FED ER A L R E SE R V E BANK OF PH IL A D E L P H IA

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Endina Date
Meridian Bank, Readina. PA recruest for 1/
an increase in bank premises pursuant
to Section 24A of the Federal Reserve
Act in connection with relocating a
branch from the North Mall, Route 30,
North York, to Carlisle Commerce Center,
Lot#3, White Street, West Manchester, PA.

4/30/90

Meridian Bank, Readina. PA recruest to 1/
establish a remote service facility to
be located at the Acme Markets in the
Northtowne Shopping Center, 2700 DeKalb
Pike, Norristown, PA.

4/30/90

Meridian Bank, Readina, PA recruest to 1/
establish a branch office to be located
at 1024 Kimberton Road (Route 113), East,
Pikeland, PA and also for an increase in
bank premises pursuant to Section 24A of
the Federal Reserve Act in connection with
the subject branch.

4/30/90

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Endina Date
USBANCORP, Inc., Johnstown, PA Notice of 1/
Change in Bank Control, to increase their
ownership of USBANCORP's stock to 15%,
by Brookside Associates, Inc., New York,
NY, First Carolina Investors, Inc.,
Charlotte, NC, Foundation Lyric, Vaduz,
Liechtenstein, Hofin Anstalt, Vaduz,
Liechtenstein, Trust Alvant, Vaduz,
Liechtenstein, John G. Ogilvie, New York,
NY, and Robert G. Wilmers, Buffalo, NY.




Newspaper:
Federal Registers

4/20/90
4/20/90

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
None.
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 W e e k E n d i n g April 7, 1990

S E C T I O N I - A P P L I C A T I O N S S U B J E C T TO N E W S P A P E R
N O T I C E ONLY
APPLICATION

C O M M E N T P E R I O D END I N G

R e c e i v e d a p p l i c a t i o n on April 2, 1990
from T h e P r o v i d e n t Bank, Cincinnati,
Ohio, for p e r m i s s i o n to e s t a b l i s h CBCT
b r a n c h e s at:
H i - R i s e Deli, Inc., 2824
J e f f e r s o n Avenue, Cincinnati, Ohio;
T h r i f t i w a y F o o d and Drug, 5060 G l e n c r o s s i n g s
Way, Cincinnati, Ohio; a n d T h r i f t i w a y F o o d
and Drug, C o l e r a i n A v e n u e and 1-275, Cincinnati,
Ohio.

* M a y 8,

1990

R e c e i v e d a p p l i c a t i o n on Apr i l 3, 1990 from
The D o l l a r S a v i n g s and T r u s t Company, Niles,
Ohio, to m e r g e w i t h The M c K i n l e y Bank, Niles,
Ohio, p u r s u a n t to S e c t i o n 18(c) of the Federal
D eposit I n s u r a n c e Act.

* M a y 2,

1990

S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO BOT H
NEWSPAPER AND FEDERAL REGISTER NOTICE
R e c e i v e d S e c t i o n 3(a)(3) a p p l i c a t i o n on
Apr i l 3, 1990 from O h i o Bancorp, Canton,
Ohio, to a c q u i r e T h e M c K i n l e y Bank, Niles,
Ohio.

*
#
N
F

-

* N - M a y 2, 1990

S u b j e c t to CRA
E x p e c t e d to end a p p r o x i m a t e l y 30 d a y s from the date of rece i p t
N e w s p a p e r Co m m e n t Period
F e d e r a l R e g i s t e r C o mment Period




Applications Bulletin
For W e e k Ending April 7, 1990

SECTION III - APPLICATIONS SUBJECT TO F E D E R A L REGISTER
NOTICE ONLY
application on
Bancorporation
acquire Peoples
Ohio.

Not Yet Known #

Received Section 4(c)(8) application on
April 2, 1990 from Huntington Bancshares
Incorporated, Columbus, Ohio, to acquire
First Home Federal Savings and Loan
Association, Sebring, Florida.

Not Yet Known #

R eceived Section 4(c)(8) application on
April 5, 1990 by Park National Corporation,
Newark, Ohio, to acquire Mutual Federal
Savings Bank, Zanesville, Ohio.

Not Yet Known #

Received Section 4(c)(8)
April 2, 1990 from First
of Ohio, Akron, Ohio, to
Savings Bank, Ashtabula,

SECTION IV - APPLICATIONS NOT SUBJECT TO F E D E R A L R E G I S T E R NOTICE
OR NEWSPAPER NOTICE
R eceived request on April 6, 1990 from The
Ma r b l e h e a d Bank, Marblehead, Ohio, to exceed
its investment in b a n k premises permitted
under Section 24A of the Federal Reserve Act.

*
#
N
F

-

Subject to CRA
E xpected to end approximately 30 days from t h e date of receipt
Newspaper Comment Period
Federal R egister Comment Period




Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only
Application

Comment Period Ending Date

Central Fidelity Bank, Richmond, Virginia,
request for permission to establish a branch
at the intersection of Centreville Road and
Fox Mill Road, Herndon, Virginia.*

5-7-90

Central Fidelity Bank, Richmond, Virginia,
request for permission to establish a branch
at 5852 Mapledale Plaza, Woodbridge, Virginia.*

5-7-90

Peoples Bank of Virginia, Chesterfield,
Virginia, request for permission to establish
a branch at 11450 Midlothian Turnpike, Richmond,
Virginia.*

5-8-90

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

Comment Period Ending Date

Summit Financial Corporation, Greenville,
South Carolina, for prior approval to
become a bank holding company through the
acquisition of 100% of the voting shares
of Summit National Bank, Greenville, South
Carolina, an organizing bank.*

5-5-90

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

*Application is subject to CRA.




Week Ending April 6, 1990
Federal Reserve Bank of Atlanta
Applications Bulletin

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

Comment Period Ending Date

Barnett Banks, Inc.
Jacksonville, Florida
To acquire Barnett Card Services Bank, National Association, Jacksonville,
Florida (in organization).

Section III - Applications Subject to Federal Register Notice Only
Application
Synovus Financial Corp.
04-30-90
Columbus, Georgia
To engage de novo in consumer financial counseling services through its
wholly-owned subsidiary, Synovus Securities, Inc., Columbus, Georgia,
pursuant to section 225.25(b) (20) of Regulation Y.




Federal Reserve Bank of Chicago

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

lYPe

Application

Branch/
24A

Bank of Elmwood
Racine, Wisconsin
2201 Rawson Avenue
Oak Creek, Wisconsin*

N

- 4-14-90

EFT

The Henry County Bank
Green Rock, Illinois
Econo Foods, 4401 27th Street
Moline, Illinois*

N

- 4-16-90

Branch/
24A

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

N

- **

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

Tyge

Application

Y-2

Sandwich Banco, Inc.
DeKalb, Illinois
First Harvard Corporation
Harvard, Illinois
First State Bank of Harvard
Harvard, Illinois*

Y-2

Northern Illinois Bancorp, Inc.
Joliet, Illinois
Meadowview Bancorp, Inc.
Kankakee, Illinois
First National Bank of Kankakee County
Kankakee, Illinois*

FR - **
N - 4-15-90

Y-2

First American Bank Corporation
Elk Grove Village, Illinois
Meadowview Bancorp, Inc.
Kankakee, Illinois
First National Bank of Kankakee County
Kankakee, Illinois*

FR - **
N - 4-15-90




FR - 3-26-90
N - 4-18-90

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

Type

Application

Y-2

First Illinois Corporation
Evanston, Illinois
Valley Financial Services, Inc.
South Elgin, Illinois
The Valley Bank and Trust Company
South Elgin, Illinois*

FR - 4-17-90
N - 4-30-90

CoC-HC

Northern States Financial Corporation
Waukegan, Illinois
Fred Abdula

FR - **
N - 4-16-90

CoC-HC

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

FR - **
N - **

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

Type

Application

4(c)(8)

Sturm Investments, Inc.
Omaha, Nebraska
Issue/hold secured promissory notes—
stock purchase by key personnel of the
entity and affiliated entities

FR - 4-16-90

Y-4

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

FR - **

Y-4

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

FR - **




Federal Reserve Bank of Chicago
Section IV - Applications Mot Subject to Federal Register Notice
Or Newspaper Notice
Type

Application

RoS

Park Bancorporation, Inc.
Madison, Wisconsin
To redeem 17.76 percent common stock from
Martha Sletteland

N - Newspaper
FR - Federal Register
* — Subject to Provisions of Community Reinvestment Act
Not available at this time




April 6, 1990

Federal Reserve Bank of St. Louis




SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None

FEDERAL RESERVE BANK OF M IN N EAPOLIS

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

Application
None.

Se c t i o n II - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period
Endina Date

Dassel Investment Company
Minneapolis, M N
To retain an additional 4.01%
of H u t c hinson Bancorp.,
Minneapolis, MN*

4-23-90
(Federal Register)

Linda M. Freeman
To increase ownership of Morris
State Bancorporation, I n c . ,
Morris, MN, from 27.93% to 29.70%

4-18-90
(Federal Register)

David A. Erickson
To increase ownership of Linton
Bancshares, Inc., Bismarck, ND
from 11.13% to 11.56%

Not yet available

First Commu n i t y Bank Group, Inc.
Minnetonka, MN
To acquire T o d d County Agency,
Inc., Bertha, MN*

Not yet available

* Subject to CR A




FEDERAL RESERVE BANK OF M IN N EA PO LIS

Section III - Applications Subject
to Federal Register Notice Onl y

Application

C omment Period
Endi n g Date

None.

Section IV - Applications Not S ubject to
Federal Reserve Notice or N e w s p a p e r Notice
Application
None.




Federal Reserve Bank o f Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
N O T I C E O NLY
APPLICATION

L i o n e l C. H a r r i s , Cushing, Oklahoma,
for a p p r o v a l to retain an 8 percent
i n c r e a s e in B a n k of Cushing and Trust
Co., C u s h i n g , Oklahoma.

COMMENT PERIOD ENDING DATE

Not A v a i l a b l e

S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H
N E W S P A P E R A ND F E DERAL R E G I S T E R N O T I C E
APPLICATION
T. B r e n t
Pawhuska,
approval
position
Pawhuska,
by 5 1 . 2 5

B a l l i n g e r , et. al.,
O k l a h o m a , for prior
to i n c r e a s e their ow n e r s h i p
in N.B.C. Bancshares in
Inc., Pawhuska, Oklahoma,
p e r c e n t to 72.40 percent.

COMMENT PERIOD ENDING DATE
Not A v a i l a b l e

H a r r y B o l i n g e r , Fort Morgan,
C o l o r a d o , for prior approval to
i n c r e a s e his o w n e r s h i p in First of
F o r t M o r g a n , Inc., Fort Morgan,
C o l o r a d o , by .93 percent to 14.36
percent.

Not A v a i l a b l e

B a r r e t t H o l d i n g Company, Watonga,
O k l a h o m a , for p r i o r approval to
b e c o m e a bank h o l d i n g company through
the a c q u i s i t i o n of 25.69 percent of
the v o t i n g s h a r e s of Watonga
B a n c s h a r e s , Inc., Watonga, Oklahoma,
p a r e n t of W a t o n g a State Bank,
Watonga, Oklahoma.*

Not A v a i l a b l e

W i l b e r Co., W i l ber, Nebraska, for
p r i o r a p p r o v a l to acquire 100 p e r c e n t
of the v o t i n g shares of Hal l a m
Bancorp, H a l l a m , Nebraska, parent of
H a l l a m Bank, Hallam, Nebraska.*

Not A v a i l a b l e




Federal Reserve Bank o f Kansas City

F i r s t of Fort Morgan, Colorado, for
p r i o r a p p r o v a l to a c q u i r e an
a d d i t i o n a l 5.6 p e r c e n t of the voting
s h a r e s of Fi r s t C o m m u n i t y Bankshares,
Inc., Fort M o r gan, Colorado, parent
of F i r s t N a t i o n a l Bank of Holyoke,
Holyo k e , Color a d o , for a total of
25.6 percent.

No t A v a i l a b l e

C o n s o l i d a t e d E q u i t y Corporation,
Norman, O k l a h o m a , for prior approval
to b e c o m e a bank h o l d i n g company
t h r o u g h the a c q u i s i t i o n of 100
p e r c e n t of the v o t i n g s hares of First
A m e r i c a n Bank & Tr u s t Company,
Purcell, O k l a h o m a . *

April

6,

W a l t e r Shafer, Newkirk, Oklahoma, for
pr i o r a p p r o v a l to i n c r e a s e his
o w n e r s h i p inter e s t in E a s t m a n
N a t i o n a l B a n c s h a r e s , Inc., Newkirk,
O k l a h o m a , by 8.83 p e r c e n t to 20.96
percent.

April

11,

1990

U n i B a n c Corp., Trenton, Nebraska, for
p r i o r a p p r o v a l to b e c o m e a bank
h o l d i n g c o m p a n y t h r o u g h the
a c q u i s i t i o n of 100 p e r c e n t of the
v o t i n g s hares of T h u m a n Corporation,
Maywo o d , Nebra s k a , p a r e n t of Farmers
St a t e Bank, Maywo o d , Nebraska, and
Trele c o , Inc., Trenton, Nebraska,
p a r e n t of State Bank of Trenton,
Trent o n , N e b r a s k a . *

April

16,

1990

U n i B a n c Corp. ESOP, Trenton,
N e b r a s k a , for p r i o r a p p r o v a l to
b e c o m e a bank h o l d i n g c o m p a n y through
the a c q u i s i t i o n of 30.5 percent of
the v o t i n g s h a r e s of U n i B a n c Corp.,
Trent o n , N e b r a s k a . *

April

16,

1990

1990

S E C T I O N III - A P P L I C A T I O N S SUBJECT TO F E D E R A L R E G I S T E R
N O TICE ONLY
APPLICATION

None.




C O M M E N T P E R I O D E N D I N G D ATE

Federal Reserve Bank o f Kansas City

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 T O 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 N O T I C E
APPLICATION
H. P a t H e n s o n Company, Inc.,
M a y s v i l l e , O k l a h o m a , for prior
a p p r o v a l to r e d e e m 3,164 1/6 shares
of its o w n v o t i n g common stock.

*Application




is s u b ject

to CRA.

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF APRIL 2, 1990

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NOTICE EXP

APPLICATION
♦Section 9 application received from
The Bank of Livingston, Livingston, TX, to establish
a branch at Hwy. 190 and FM 3186, Onalaska, TX

90/04/18

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

APPLICATION
Change in Control Notice by
Louise Friddell Johnson, Chattanooga, TN, to acquire
an interest in Terrell Bancshares, Inc., Terrell, TX
Change in Control Notice by
Ronald Samuels, Parker, TX; Dianna W. Skeeters,
Radcliff, KY; James W. Parker, Plano, TX; Jerry Dwight,
Richardson, TX; and Carl Eatherly, Plano, TX, to acquire
an interest in IB Bancshares, Inc., Plano, TX

N/A

90/04/12

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.

* 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 IRANdSOO

90-14
Week ending 4/06/90

Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

First Security Corporation, Salt Lake City,
Utah, to acquire Utah Deseret Mortgage
Corporation, Orem, Utah. *

Newspaper;

Not available

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

Section III - Applications Subject to Federal Register Notice Only
The 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.; Not yet published

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

* Subject to CRA.




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