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ANNOUNCEMENT RESEARCH LIBRARY >RS BOARD OF GOVERNORS RUB L\ OF THE FEDERAL RESERVE SYSTEM erf)£p H.2, 1990, No. 32 Actions of the Board, its Staff, and q ^ «GQ the Federal Reserve Banks; 3 Applications and Reports Received ,. ..During the Week Ending August 11, 1990 KE $t H ii.dArtA 3 ^ OF CLEVELAND ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Real estate lending by commercial banks and other depository institutions and its effects on their financial condition — statement by Governor LaWare before the House Committee on Banking, Finance and Urban Affairs, August 8, 1990. Authorized, August 8, 1990. BANK HOLDING COMPANIES C & S / Sovran Corporation, Norfolk, Virginia, and Sovran Financial Corporation — to act as agent in the placement of all types of securities and as a riskless principal in buying and selling securities, and to engage in mortgage banking and financial and foreign exchange advisory activities through Sovran Investment Corporation, Richmond, Virginia. Approved, August 8, 1990. NCNB Corporation, Charlotte, Nortel Carolina — to engage in securities brokerage and investment advisory services, to act as agent in the private placement of all types of securities, including related advisory services; and to buy and sell securities on the order of customers as a riskless principal through NCNB Capital Markets, Inc. Authorized, August 6, 1990. Royal Bank of Scotland Group pic, Edinburgh, Scotland — to act as agent in the private placement of all types of securities and to provide financial advisory services through Charterhouse Inc., New York, New York, and Charterhouse North America Securities, Inc., and to engage in certain real estate investment advisory activities and commercial real estate equity financing services through Continental Partners. Approved, August 6, 1990. Skandinaviska Enskilda Banken, Stockholm, Sweden — consent to acquire Scandinavian American Securities Inc., New York, New York, Cambridge International Partners L.P.; and Scandinavian Bank Group pic, London, England. Granted, August 8, 1990. H.2 AUGUST 6, 1990 PAGE 2 TO AUGUST 10, 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT Bay Holdings Corporation, Rockport, Texas — issuance of an order of prohibition against Scott W. Felton, a former officer and director. Authorized, August 6, 1990. REF L ATI ONS and EQU CXES Capital and accounting standards of the federal bank and thrift regulatory agencies for federally insured depository institutions — report sent to the Congress. Approved, August 8, 1990. Regulation C — Exemption from the Home Mortgage Disclosure Act for certain financial institutions in Massachusetts (Docket No. R-0695). Approved, August 8, 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; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES. DOMESTIC Chicago Comerica Bank - Detroit, Detroit, Michigan — to establish an offsite electronic facility at Harbortown, 3384 E. Jefferson Avenue. Approved, August 8, 1990. Richmond Crestar Bank, Richmond, Virginia — to establish a branch at Riverfront Plaza, 901 East Byrd Street. Approved, August 6, 1990. Chicago First Chicago Bank of Lincoln Park, Chicago, Illinois — to establish a branch at 801 W. Diversey. Approved, August 10, 1990. H.2 AUGUST 6, 1990 PAGE 3 TO AUGUST 10, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Dallas First City, Texas - Corpus Christi, Corpus Christi, Texas — to establish a branch at 10201 S. Padre Island Drive; at Flour Bluff Drive and South Padre Island Drive; 6000 South Padre Island Drive; Town & Country Shopping Center, Alameda at Robert; 4881 Saratoga; 13630 FM 624; Highway 361, Ingleside; and 1031 Highway 181 North, Portland, Texas. Approved, August 9, 1990. BANK HOLDING COMPANIES St. Louis Arvest Bank Group, Inc., Bentonville, Arkansas — to engage de novo in trust activities through Arvest Trust Company, National Association, Rogers, Arkansas. Permitted, August 10, 1990. Atlanta Banc One Financial Corporation, Jennings, Louisiana — to acquire Jeff Davis Bank and Trust Company. Approved, August 9, 1990. San Francisco Bank of Tokyo, Ltd., Tokyo, Japan — to expand the list of commodities exchanges upon which B0T Futures, Inc., New York, New York, may provide futures commission merchant services. Permitted, August 10, 1990. Staff Director BS&R Brenton Bank, Inc., Des Moines, Iowa, proposal that Brenton Bank and Trust Company, Cedar Rapids, Iowa, purchase the assets and assume the liabilities of Brenton Savings Bank, which was formed to acquire certain assets and assume deposit liabilities of Banc Iowa Federal Savings Bank. Approved, August 10, 1990. S t . Louis Bumpshares, Inc., Atwood, Tennessee — Citizens Bank and Trust Company. Approved, August 7, 1990. Boston CitizenTs National Bancorp, Inc., Putnam, Connecticut — to acquire Citizens National Bank. Approved, August 9, 1990. to acquire H.2 AUGUST 6, 1990 PAGE 4 TO AUGUST 10, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco Dai - Ichi Kangyo Bank, Limited, Osaka, Japan — to engage de novo in financial advisory and loan marketing services through CIT Group Holdings, Inc., New York, New York. Permitted, August 10, 1990. Kansas City E & A Associates, Denver, Colorado — to acquire First Denver Corporation and The First National Bank of Denver. Approved, August 10, 1990. Staff Director BS&R First Alabama Bancshares, Inc., Montgomery, Alabama proposal that First Alabama Bank purchase the assets and assume the liabilities of Interim Federal Savings Bank, which was formed to acquire certain assets and assume deposit liabilities of Baldwin County Federal Savings Bank, Robertsdale, Alabama. Approved, August 10, 1990. Atlanta First Alabama Bancshares, Inc., Montgomery, Alabama — to establish Interim Federal Savings Bank, which will acquire certain assets and assume certain liabilities of Baldwin County Federal Savings Bank, Robertsdale, Alabama, and facilitate the merger of Baldwin FSB into First Alabama Bank, Montgomery, Alabama. Approved, August 10, 1990. Atlanta First Ascension Bancorp, Inc., Gonzales, Louisiana — to acquire First National Bank of Gonzales. Approved, August 10, 1990. Kansas City First Bancorp of Kansas, Wichita, Kansas — to acquire First Colonial Bank, N.A., Prairie Village, Kansas, and acquire certain assets and assume certain liabilities of Colonial Federal Savings Association. Approved, August 6, 1990. Minneapolis First Community Bank Group, Inc., Minnetonka, Minnesota — to acquire Todd County Agency, Inc., Bertha, Minnesota, and First National Bank. Approved, August 10, 1990. H.2 AUGUST 6, 1990 PAGE 5 TO AUGUST 10, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Cleveland First Financial Bancorp, Monroe, Ohio — to acquire Fidelity Federal Savings Bank, Marion, Indiana. Approved, August 8, 1990. Chicago First Southeast Banking Corp., Lake Geneva, Wisconsin — to engage de novo in lending activities. Returned, August 10, 1990. Atlanta Hartsville Bancshares, Inc. Employee Stock Ownership Plan, Hartsville, Tennessee — to acquire Hartsville Bancshares, Inc. Approved, August 8, 1990. Chicago Heartland Bankshares, Inc., Madrid, Iowa acquire City State Bank. Approved, August 8, 1990. S t . Louis Lincoln County Bancorp, Inc., Troy, Missouri — - to retain the Louisiana Title Company, Inc., Louisiana, Missouri, and engage in insurance activities. Permitted, August 10, 1990. Kansas City Lindoe, Inc., Ordway, Colorado — to acquire additional shares of Pueblo Bancorporation, Pueblo, Colorado. Approved, August 8, 1990. Staff Director BS&R MTRUST CORP,, Dallas, Texas — — statement. Withdrawn, August 7, 1990. Chicago Ogle County Bancshares, Inc., Rochelle, Illinois — to acquire Leland National Bancorp, Inc., Leland, Illinois, and Leland National Bank. Approved, August 10, 1990. San Francisco Philippine Commercial International Bank, Manila, Philippines — to establish PCI Express Padala, Inc., Los Angeles, California. Returned, August 6, 1990. — to registration H.2 AUGUST 6, 1990 PAGE 6 TO AUGUST 10, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco Redwood Empire Bancorp, Santa Rosa, California — acquire Allied Savings Bank, F.S.B. Approved, August 9, 1990. Staff Director BS&R Riggs National Corporation, Washington, D.C. — to acquire NBW International Investment Corporation. Permitted, August 10, 1990. Atlanta Synovus Financial Corp., Columbus, Georgia, and TB&C Bancshares, Inc. — to engage in employee benefits counseling services through Synovus Securities, Inc. Approved, August 10, 1990. to BANK MERGERS Dallas First City, Texas - Corpus Christi, Corpus Christi, Texas - to merge with First National Bank of Corpus Christi. Approved, August 9, 1990. Richmond First Virginia Bank - Piedmont, Lynchburg, Virginia — to acquire certain assets and assume certain liabilities of the Brookneal, Virginia, branch of CorEast Savings Bank, FSB, Richmond, Virginia. Approved, August 6, 1990. Richmond First Virginia Bank - Planters, Bridgewater, Virginia — to acquire certain assets and assume certain liabilities of the Harrisonburg, Virginia, branch of Cor East Savings Bank, FSB, Richmond, Virginia. Approved, August 6, 1990. BANK PREMISES S t . Louis Citizens Bank of Lavaca, Lavaca, Arkansas — investment in bank premises. Approved, August 10, 1990. Staff Director BS&R Citizens Commercial Bank & Trust Co., Celina, Ohio — investment in bank premises. Approved, August 9, 1990. H.2 AUGUST 6, 1990 PAGE 7 TO AUGUST 10, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Atlanta First Columbia Bank, Martinez, Georgia — in bank premises. Approved, August 6, 1990. investment Minneapolis Hand County State Bank of Miller, Miller, South Dakota — investment in bank premises. Approved, August 10, 1990. CAPITAL STOCK Chicago Leland National Bancorp, Inc., Leland, Illinois — redemption of shares. Approved, August 10, 1990. CHANGE IN BANK CONTROL Kansas City American National Bancshares of Wichita, Inc., Wichita, Kansas — change in bank control. Permitted, August 10, 1990. Atlanta Auburn National Bancorporation, Auburn, Alabama — change in bank control. Permitted, August 8, 1990. Dallas Equitable Bankshares, Inc., Dallas, Texas — in bank control. Permitted, August 6, 1990. Chicago Leland National Bancorp, Inc., Leland, Illinois — change in bank control. Permitted, August 8, 1990. Dallas Med - Center Bancshares, Inc., Houston, Texas — change in bank control. Permitted, August 7, 1990. San Francisco Summit Bancshares, Inc., Oakland, California — change in bank control. Permitted, August 10, 1990. change H.2 AUGUST 6, 1990 PAGE 8 TO AUGUST 10, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia Collective Federal Savings Bank, Egg Harbor City, New Jersey, proposed purchase of the Woodbury and Westmont branch offices from Crestmont Federal Savings and Loan Association, Edison, New Jersey — report on competitive factors. Submitted, August 10, 1990. San Francisco Fidelity Federal Bank, FSB, Glendale, California, proposed purchase and assumption of the Long Beach Branch of California Federal, FSB, Los Angeles, California — report on competitive factors. Submitted, August 6, 1990. Kansas City First Bank and Trust Company, Cozad, Nebraska, proposed acquisition of assets and assumption of the liabilities of Interim Federal Savings Bank of Imperial, Imperial, Nebraska — report on competitive factors. Submitted, August 6, 1990. Chicago First Midwest Bank / Illinois, N.A., Joliet, Illinois, proposed merger with First Midwest Bank / Plainfield, N.A., Plainfield, Illinois — report on competitive factors. Submitted, August 7, 1990. Dallas First National Bank in Higgins, Higgins, Texas, proposed merger into First National Bank of Canadian, Canadian, Texas — report on competitive factors. Submitted, August 8, 1990. Chicago First of America Bank - Indianapolis, Indianapolis, Indiana, proposed merger with Trustcorp Bank, Columbus, National Association, Columbus, Indiana — report on competitive factors. Submitted, August 7, 1990. Chicago Heritage Bank and Trust, West Point, Wisconsin, proposed merger with Heritage Bank of Mukwonago, Mukwonago, Wisconsin — report on competitive factors. Submitted, August 7, 1990. H.2 AUGUST 6, 1990 PAGE 9 TO AUGUST 10, 1990 ACTIONS TAKEN BY THE STAFF A N D THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Household Bank, FSB, Newport Beach, California, proposed purchase of nine branches of Transohio Savings Bank, Cleveland, Ohio -- report on competitive factors. Submitted, August 8, 1990. Chicago Iowa State Savings Bank, Clinton, Iowa, proposed merger with New Iowa State Savings Bank — report on competitive factors. Submitted, August 10, 1990. EXTENSIONS OF TIME Chicago Bancorp of Rantoul, Inc., Rantoul, Illinois — extension to November 20, 1990, to redeem shares. Granted, August 9, 1990. Chicago Comerica Bank - Detroit, Detroit, Michigan — extension to January 31, 1991, to establish a branch at 65 South Livernois, Rochester, Michigan. Granted, August 8, 1990. Philadelphia Commerce Bancorp, Inc., Cherry Hill, New Jersey — extension to November 12, 1990, to acquire Commerce Bank / Harrisburg, Camp Hill, Pennsylvania — report on competitive factors. Granted, August 10, 1990. St. Louis First Farmers Bank Holding Company, Bardstown, Kentucky — extension to October 31, 1990, to redeem shares. Granted, August 10, 1990. Dallas Ford Bank Group, Inc., Lubbock, Texas — extension to October 8, 1990, to acquire First Borger Bancshares, Inc., Borger, Texas, First National Bank of Borger; Permian Financial Corporation, Crane, Texas, and First State Bank. Granted, August 8, 1990. Chicago Graymont Bancorp, Inc., Graymont, Illinois — extension to October 23, 1990, to acquire State Bank of Graymont. Granted, August 9, 1990. H.2 AUGUST 6, 1990 PAGE 10 TO AUGUST 10, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Kansas City Midwest Banco Bancorporation, Cozad, Nebraska — extension to August 25, 1990, to acquire Interim Federal Savings Bank of Imperial, Imperial, Nebraska. Granted, August 10, 1990. Dallas New Borger Bancorporation, Inc., Lubbock, Texas — extension to October 8, 1990, to acquire First National Bank of Borger, Borger, Texas. Granted, August 8, 1990. Dallas New Canyon Bancorporation, Inc., Lubbock, Texas — extension to October 8, 1990, to acquire First Canyon Bancorporation, Inc., Canyon, Texas, and First National Bank in Canyon. Granted, August 8, 1990. Chicago River Forest Bancorp, Inc., Chicago, Illinois — extension to November 9, 1990, to acquire Madison Financial Corporation, and Madison Bank and Trust Company; Madison National Bank, Niles; and First National Bank of Wheeling, Wheeling, Illinois. Granted, August 10, 1990. New York Saban S.A., Panama City, Republic of Panama — extension to November 7, 1990, to acquire shares of Republic New York Corporation, New York, New York. Granted, August 8, 1990. S t . Louis Worthen Banking Corporation, Little Rock, Arkansas — extension to October 17, 1990, to engage de novo in trust activities. Granted, August 10, 1990. H .2 ADDITIONS AND CORRECTIONS AUGUST 6, 1990 PAGE 11 TO AUGUST 10, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES* DOMESTIC Minneapolis Northern Bank, Anoka, Minnesota — novo branch in Anoka. Returned, July 19, 1990. to establish a de BANK HOLDING COMPANIES Boston Home Port Bancorp, Inc., Nantucket, Massachusetts — to acquire Martha1s Vineyard Bancorp, Inc., Vineyard Haven, Massachusetts, and MarthaTs Vineyard National Bank. Withdrawn, July 31, 1990. BANK PREMISES Minneapolis Northern Bank, Anoka, Minnesota — premises. Returned, July 19, 1990. investment in bank EXTENSIONS OF TIME Chicago Caisse Nationale de Credit Agricole, Paris, France — extension to October 19, 1990, to engage de novo in certain activities through UI - USA, Inc., New York, New York. Granted, August 2, 1990. Chicago Caisse Nationale de Credit Agricole, Paris, France — extension to August 31, 1990, to engage de novo in lending and leasing activities, and arranging commercial real estate equity financing through UI - USA, Inc., New York, New York. Granted, August 2, 1990. FEDERA L R E SE R V E BANK OF BOSTON A P P L IC A T IO N S SE C T I O N I - APPLIC A T I O N S S U B J E C T TO N E W S P A P E R NOTICE ONLY Application C omment P e r i o d E n d i n g Date NONE S E C T I O N II - APPLICATIONS S UBJECT TO BOTH N E W S P A P E R AND F E DERAL R E G I S T E R NO T I C E Application C o mment P e riod E n d i n g Date A n d o v e r Bancorp, Inc., Andover, M a s s a c h u s e t t s - 3 (a) (3)/3 (a) (5) appl i c a t i o n to m e r g e w i t h First E s s e x Bancorp, Inc., Lawrence, Massach u s e t t s * La n d m a r k / C o m m u n i t y Bancorp, I n c . , Hartford, Connecticut - 3(a)(3) application to retain its ownership of 10.06% of the o u t s t a n d i n g shares of SBT C o r p . , Old Saybrook, Connecticut* Newspaper 08-11-90 Federal RecristerN o t Yet E s t a b l i s h e d Newspaper Federal R e g i s t e r 08-18-90 08-31-90 SECTION III - APPLICATIONS SU B J E C T TO F EDERAL R E G I S T E R NOTI C E O NLY Application Co m m e n t Peri o d E n d i n g Date NONE S E C T I O N IV ~ APPLICATIONS N O T S U B J E C T TO F E D E R A L R E G I S T E R OR N E W S P A P E R N O T I C E Applic a t i o n 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 Montefiore Medical Center, One Fordham Plaza, Fordham Road, Bronx, New York .1/ 8/31/90 European American Bank, New York, New York to establish a branch at 691 Route 25A, Miller Place, Suffolk County, New York.l/ 9/4/90 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) None. 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. FED ERA L R E S E R V E BANK OF PH ILA D ELPH IA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Pitcairn Private Bank, Philadelphia, PA (in formation resulting from the conversion of the Trustees' Private Bank, Phila., PA) to become a member in the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act, and Section 208.4 of Regulation H. 8/24/90 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Pitcairn Bancorp, Inc., Jenkintown, PA to form a bank holding company by acquiring 100% of Pitcairn Private Bank, Phila., PA (in formation resulting from the conversion of the Trustees' Private Bank, Phila., PA), pursuant to Section 3(a)(1) of the Bank Holding Company Act. Newspaper s Federal register: 8/24/90 8/31/90 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 F o r W e e k E n d i n g A u g u s t 11, 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 NOTICE ONLY CO M M E N T P E R I O D EN D I N G APPLICATION R e c e i v e d a p p l i c a t i o n from The Pro 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 a CBCT b r a n c h at 12191 M o s t e l l e r Road, Cincinnati, Ohio. * S e p t e m b e r 17, 1990 R e c e i v e d a p p l i c a t i o n from The P r ovident Bank, Cincinnati, Ohio, for p e r m i s s i o n to e s t a b l i s h a CBCT b r a n c h at 5311 M a d i s o n Road, Cincinnati, Ohio. * S e p t e m b e r 17, 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 B O T H N E W S P A P E R A N D F E D E R A L R E G I S T E R NO T I C E NON E S E C T I O N III - A P P L I C A T I O N S S UBJECT TO F E D E R A L R E G I S T E R NOTICE ONLY APPLICATION C O M M E N T P E R I O D EN D I N G R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n by First Financial Bancorp, Monroe, Ohio, to a c q u i r e F ayette Federal Savings Bank, Connersville, Indiana. Not Yet Kn o w n # S E C T I O N IV - A P P L I C A T I O N S N O T SU B J E C T TO F E D E R A L R E G I S T E R NO T I C E O R N E W S P A P E R NOT I C E None * * # N F - 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 days from the d a t e of receipt 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 C o mment 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 Ulysses G. Auger, Notice of Change in Control with respect to James Madison Limited, Washington, D. C. 8-20-90 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Harvest Bancorp, Inc., Hamilton, Virginia, to engage de novo in making loans and extensions of credit.’* 8-30-90 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ^Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Atlanta Applic a t i o n s Bulletin for Week Ending A u g u s t 10. 1990 Section II - Applications Subject To Both Newspaper and Federal Register No t i c e Appl i c a t i o n Comment Period Ending Date 7L Corporation Tampa, Florida To acquire an additional 3.17 percent of First Florida Banks, Inc., Tampa, Florida, w h i c h will increase its total ownership to 38.36 percent. FNB Newt o n Bankshares, Inc. Covington, Georgia To acquire an additional 4.2 percent of Georgia Central Bancshares, Inc., Social Circle, Georgia, which will increase its total ownership to 9.10 percent. Screven Bancshares, Inc. Sylvania, Georgia 1-BHC formation, Farmers and Merchants Bank, Sylvania, Georgia. Section III - Applications Subject To Federal Register Notice O nly Application M a i n Street Banks Incorporated Covington, Georgia To acquire M a i n Street Savings Bank, F.S.B., Conyers, Georgia (in organization), and engage directly or indirectly in certain nonbanking activities, pursuant to section 225.25(b)(9) of Regulation Y. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Tvt>e Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Type Application Y-l Bonduel Bancorp, Inc. Bonduel, Wisconsin Bonduel State Bank Bonduel, Wisconsin* CoC-Bk Bank of Lenawee Adrian, Michigan Bank of Lenawee Employee Stock Ownership Trust Adrian, Michigan Y-2 Y-2 First Community Bancshares, Inc. Milton, Wisconsin Ottawa National Bank Ottawa, Illinois* First Financial Corporation Terre Haute, Indiana First Citizens of Paris, Inc. The Citizens National Bank of Paris Paris, Illinois* Comment Period Ending Date FR - 8-13-90 N - 8-31-90 FR - 8-15-90 N - 8-6-90 FR - 8-31-90 N - 8-27-90 FR - ** N - ** Y-2 First Citizens Financial Corp. Charles City, Iowa Osage Bank Services, Inc. Osage, Iowa Osage Farmers National Bank Osage, Iowa* FR - ** N - ** Y-2 Monmouth Financial Services, Inc. Minneapolis, Minnesota Texas Financial Bancorporation, Inc Minneapolis, Minnesota First Bancorp, Inc. Denton, Texas First State Bank of Denton Denton, Texas* FR - ** N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Type Application Comment Period Ending Date CoC-HC Citizens Banking Corporation Flint, Michigan Centra, Inc. Warren, Michigan FR - ** N - ** Y-2 Westbank Financial Corporation Naperville, Illinois First National Bank of Wheaton Wheaton, Illinois* FR - ** N - ** Y-l North Milwaukee Bancshares, Inc. Milwaukee, Wisconsin North Milwaukee State Bank Milwaukee, Wisconsin* FR - ** N - 8-26-90 Type 4(c)(8) Section III - Applications Subject to Federal Register Notice Only Comment Period Application Ending Date Bank of Montreal Montreal, Canada Harris Investors Direct, Inc. (was Harris Brokerage Services, Inc.) FR - 8-31-90 Chicago, Illinois 4(c)(8) Bankmont Financial Corp. New York, New York Harris Investors Direct, Inc. (was Harris Brokerage Services, Inc.) Chicago, Illinois FR - 8-31-90 4(c)(8) Harris Bankcorp, Inc. Chicago, Illinois Harris Investors Direct, Inc. (was Harris Brokerage Services, Inc.) Chicago, Illinois FR - 8-31-90 Federal Reserve Bank Of Chicago Section ill - Applications Subject to Federal Register Notice Continued Comment Period Ending Date Type Application 4(c)(8) Bright Financial Services, Inc. Flora, Indiana Independent Bankers Life Insurance Company of Indiana Roachdale, Indiana FR - ** 4(c)(8) Cloverdale Bank Corporation Cloverdale, Indiana Independent Bankers Life Insurance Company of Indiana Roachdale, Indiana FR - ** 4(c)(8) The North Salem State Bancorporation North Salem, Indiana Independent Bankers Life Insurance Company of Indiana Roachdale, Indiana FR - ** 4(c)(8) Tri-County Bancorp Roachdale, Indiana Independent Bankers Life Insurance Company of Indiana Roachdale, Indiana FR - ** Y-4 Caisse Nationale de Credit Agricole S.A. Paris, France Index Futures Group, Inc. Chicago, Illinois FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Hillside Investors, Ltd. Hillside, Illinois To redeem 10,000 shares common stock from Stanley P. Linhart N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time A u g u s t 10, 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 Application End of Comment Period * Section 3(a)(1) application by CBR Bancshares Corp., Rogersville, Missouri, to acquire Citizens Bank of Rogersville, Rogetsville, Missouri (Newspaper 9-2-90) * Section 3(a)(1) application by Pocahontas Bankstock, Inc., Pocahontas, Arkansas, to acquire Bank of Pocahontas, Arkansas (Not available) 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. FEDERAL RESERVE BANK OF MINNEAPOLIS 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 Comment Period Ending Date Application Klossner Bancorporation, Inc., Klossner, MN To acquire, via merger, Security State Investments, Inc., Houston, MN, a obhc owning the Security State Bank, Houston, MN* 8-20-90 (Federal Register) Exeter Bancorporation, Inc. St. Paul, MN To acquire First State Bank of Ada, Ada, MN; Karlstad State Bank, Karlstad, MN; Crookston Financial Services, Inc., Crookston, MN; and St. Stephen Bancorporation, Inc., St. Stephen, MN* 8-31-90 (Federal Register) Dennis J. Zaun, Robert D. Edwards, and Thomas J. Sexton To acquire 100% of the Farmers and Merchants Agency, Inc., Pierz, MN Not yet available Anchor Bancorp, Wayzata, MN To acquire 100% of the Heritage North St. Paul, Not yet available Inc. of the voting shares National Bank, MN* Midwest R & S Corporation Brookings, SD To retain 99.39% of Home Trust Savings and Loan Association, Vermillion, SD* *Subject to CRA Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Exeter Bancorporation, Inc., St. Paul, MN to engage in general insurance agency activities through the acquisition of Karlstad Insurance Agency, Inc., Karlstad, MN Not yet available Norwest Corporation Minneapolis, MN To engage in title insurance agency activities through the acquisition of American Land Title Co., Inc., Omaha, NE Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Farmers and Merchants Agency, Inc. Pierz, MN To redeem 73.4% of its voting shares. Federal Reserve Bank o f Kansas City SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY A P P L ICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE First York Ban Corp, York, Nebraska, for prior approval to acquire 55.46 percent of the voting shares of Albion National Management Company, Inc., Albion, Nebraska.* Not Available Alpine Banks of Colorado, Glenwood Springs, Colorado, for prior approval to acquire 100 percent of the voting shares of Alpine Bank-Clifton, Clifton, Colorado.* August 31, 1990 Ivan D. Shupe, Kersey, Colorado, for prior approval to increase his proportionate ownership interest in Kersey Bancorp, Inc., Kersey, Colorado, by 2.98 percent to 26.91 percent. August 22, 1990 West Point Bancorp, Inc., West Point, Nebraska, for prior approval to acquire 100 percent of the voting shares of Farmers & Merchants State Bank, Wayne, Nebraska.* August 13, Stockmens Management Co., Rushville, Nebraska, for prior approval to acquire 50 percent of the voting shares of Nebraska State Bank, Cozad, Nebraska.* August 24, 1990 Nebraska Bankshares, Inc., Farnam, Nebraska, for prior approval to acquire 50 percent of the voting shares of Nebraska State Bank, Cozad, Nebraska.* August 24, 1990 1990 Federal Reserve Bank o f Kansas City JDJ Banco, Inc., Lynch, 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 80.55 p e r c e n t of the v o t i n g s h a r e s of N e b r a s k a State Bank, L y nch, N e b r a s k a . * August 10, D a v i d H. Kipper, Denver, Colorado, for p r i o r a p p r o v a l to increase his p r o p o r t i o n a t e o w n e r s h i p interest in C o l o n i a l Banco r p . , Denver, Colorado, by 1 5 . 26 p e r c e n t to 35.22 percent. August 2, R o b e r t L. a n d C l a u d i a A. Beauprez, L a f a y e t t e , C olorado, for prior a p p r o v a l to a c q u i r e 42.98 p e r cent of F r o n t R a n g e C a p i t a l Corpo ration, L a f a y e t t e , C o l orado. July F i r s t N a t i o n a l I n s u r a n c e Agency, Inc., Exeter, Nebraska, for prior a p p r o v a l to a c q u i r e an addi t i o n a l 8.4 p e r c e n t of the v o t i n g shares of First N a t i o n a l Bank in Exeter, Exeter, Nebraska.* August 31] E v a J u n e D o t s o n and K e n n i t h Dotson, R a n g e l y , Color a d o , for prior approval to i n c r e a s e their p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in R io B l a n c o State Bank, R a n g e l y , Colorado, by .85 percent to 15.17 percent. July S a r a h Bryan, G e n e Kelly, and Neal F. O s b o r n , Howard, Kansas, for prior a p p r o v a l to i n c r e a s e their p r o p o r t i o n a t e o w n e r s h i p interest in Elk C o u n t y Banc s h a r e s , Inc., Howard, K a n s a s , by 27.7 p e r c e n t to 71.2 percent. August 1990 1990 17, 31, 1990 1990 1990 15, 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 T I C E ONLY APPLICATION N e b r a s k a B a n k s h a r e s , Inc., Farnam, N e b r a s k a , for p r i o r a p p r o v a l to a c q u i r e 50 p e r c e n t of the voting s h a r e s of C o z a d I n t e r i m Federal S a v i n g s Bank, Cozad, Nebraska. COMMENT P E R I O D ENDING DATE August 24, 1990 Federal Reserve Bank o f Kansas City S t o c k m e n s M a n a g e m e n t Co., Rushville, N e b r a s k a , for prior approval to a c q u i r e 50 p e r c e n t of the voting s h a r e s of C o z a d Interim Federal S a v i n g s Bank, Cozad, Nebraska. August 24, 1990 S o o n e r S o u t h w e s t Bankshares, Inc., B r i s t o w , O k l a h o m a , for prior approval to a c q u i r e 100 percent of the voting s h a r e s of S o u t h w e s t C o n s o lidated Life I n s u r a n c e Company, Phoenix, Arizona. August 30, 1990 W e s t P o i n t Bancorp, Inc., West Point, N e b r a s k a , for prior approval to a c q u i r e 100 p e r c e n t of the voting s h a r e s of W e s t Point Savings A s s o c i a t i o n , Wayne, Nebraska.* August 13, 1990 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 None. *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF AUGUST 6, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP Section 18(c) application by First City, Texas-Corpus Christi, Corpus Christi, TX, to acquire certain assets and assume the liabilities of First National Bank of Corpus Christi, Corpus Christi, TX None required due to emergency Section 9 application by First City, Texas-Corpus Christi, Corpus Christi, TX, to establish a branch at 10201 S. Padre Island Drive, Corpus Christi, TX None required due to emergency Section 9 application by First City, Texas-Corpus Christi, Corpus Christi, TX, to establish a branch at South Padre Island Drive @ Flour Bluff Drive, Corpus Christi, TX None required due to emergency Section 9 application by First City, Texas-Corpus Christi, Corpus Christi, TX, to establish a branch at 6000 South Padre Island Drive, Corpus Christi, TX None required due to emergency Section 9 application by First City, Texas-Corpus Christi, Corpus Christi, TX, to establish a branch at Town and Country Shopping Center, Alameda @ Robert, Corpus Christi, TX None required due to emergency Section 9 application by First City, Texas-Corpus Christi, Corpus Christi, TX, to establish a branch at Highway 361, Ingleside, TX None required due to emergency Section 9 application by First City, Texas-Corpus Christi, Corpus Christi, TX, to establish a branch at 4881 Saratoga, Corpus Christi, TX None required due to emergency Section 9 application by First City, Texas-Corpus Christi, Corpus Christi, TX, to establish a branch at 13630 FM 624, Corpus Christi, TX None required due to emergency Section 9 application by First City, Texas-Corpus Christi, Corpus Christi, TX, to establish a branch at 1031 Highway 181 North, Portland, TX None required due to emergency SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Rubin Lawrence Walters, Rayville, LA, to acquire an interest in First Republic Bancshares, Inc., Rayville, LA 90/08/19 Change in Control Notice by Texarkana National Bancshares Employee Stock Ownership Stock Bonus Plan (ESOP), Texarkana, TX, and Henry Whitmarsh Holman, Trustee of ESOP, Texarkana, TX, to acquire an interest in Texarkana National Bancshares, Inc., Texarkana, TX N/A Change in Control Notice by Juliana Hawn Holt, San Antonio, TX, to acquire an interest in American Bank Holding Company, Inc., Corpus Christi, TX N/A *Section 3(a)(1) application by WNB Bancshares, Inc., Odessa, TX, to acquire Kermit Financial Corporation, Kermit, TX, and First National Bank of Kermit, Kermit, TX 90/09/01 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. FECERAL RESERVE BANK OF SAN TOANCXSOO Week aiding 8/10/90 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Endincr Date Valley Bank of Nevada, las Vegas, Nevada, to establish a branch at 3155 North Rancho, las Vegas, Nevada. * Newspaper: 8/06/90 Valley Bank of Nevada, Las Vegas, Nevada, to establish a branch at 3680 E. Flamingo, las Vegas, Nevada. * Newspaper: 8/06/90 Valley Bank of Nevada, Las Vegas, Nevada, to establish a branch at 2250 S. Nellis, Las Vegas, Nevada. * Newspaper: 8/06/90 Valley Bank of Nevada, Las Vegas, Nevada, to establish a branch at 263 N. Spring Valley Parkway, Elko, Nevada. * Newspaper: 8/16/90 Valley Bank of Nevada, Las Vegas, Nevada, to establish a branch at the northwest comer of Tillmane Lane and Kimmerling Road, Gardnerville, Nevada. * Newspaper: 8/18/90 Section II - Applications Subject to Both Newspaper and Federal Register Notice Ehilippine National Bank, Manila, Philippines, to become a bank holding company through the acquisition of Century Bank, San Francisco, California. * Banco Nacional de Mexico, Mexico City, Mexico, to acquire American National Bank-Post Oak, Houston, Texas. * Bancwest Corporation, San Francisco, California, to become a bank holding company through the acquisition of Bank of the West, San Francisco, California. * James B. Jaqua, Laguna Beach, California, to increase ownership from 15.59 to 18.93 percent of Hemet Bancorp, Riverside, California. Fed. Reo.: 8/16/90 Newspaper: Not available Fed. Recr.: 9/05/90 Newspaper: 9/03/90 Fed. Reo.: 9/05/90 Newspaper: 9/05/90 Fed. Reo.: 8/31/90 Newspaper: 8/03/90 Section III - Applications Subject to Federal Register Notice Only The Sanwa Bank, Limited, Osaka, Japan, to engage in interest rate/currency swaps, foreign exchange and expanded futures ocramision merchants and advisory activities through Sanwa-BGK Securities Co., L.P., New York, New York. Fed. Reo.: Not yet published Philippine National Bank, Manila Philippines, to engage in management consulting through Philippine National Bank, Los Angeles, California. Fed. Rea.; Nat yet published Philippine National Bank, Manila, Philippines, to engage in general economic advising through FNB Investments Limited, Hong Kong. Fed. Rea.: Nat yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER