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ANNOUNCEMENT BY
BOARD OF - GOVERNORS OF THE- FEDERAL RESERVE SYSTEM
Applications and Reports Received or Acted on
H.2
1973 Noo 33
During the Week Ending August 18, 1973
District
2
Date
Current Report Filed Pursuant to Section 13
of the Securities Exchange Act
Received
Nassau Trust Company, Glen Cove, New York
8-15-73
-k "k -k -k -k
Ownership Statement Filed Pursuant to Sec Lion 13(d)
of the Securities Exchange Act
Received
The Fifth Third Bank, Cincinnati, Ohio
(Filed by Cincinnati Financial Corporation,
Cincinnati, Ohio - Amendment #1)
5
4
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Received
The Northern Virginia Bank, Springfield, Virginia
Approved
*Peoples Bank of Stark County, Canton, Ohio
*Application processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.
8-16-73
H.2
1973 No. 33
- 2 To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
The Adirondack Trust Company, Saratoga Springs, New York.
Branch to be established on the West Side of Route
9, approximately 500 feet North of the intersection
of Route 9 and 67 (Malta Corners), Town of Malta,
Saratoga County.
,
Farmers Bank & Trust Company, Knox, Indiana. Branch to
be established at South Heaton Street, Knox.
Union Bank and Trust Company, Kokomo, Indiana. Branch
to be established on Morgan Street in the Northgate
Development Corporation Shopping Center, Kokomo.
Commerce Bank of Lebanon, Lebanon Missouri. Branch to
be established on the Southeast corner of 7th Street
and Jefferson Avenue, Lebanon.
Denied by State
Peoples Trust of New Jersey, Hackensack, New Jersey.
Branch to be established in the proposed Centex Winston
Development, Palisade Avenue, between Marion and
Lafayette Avenues, Borough of Cliffside Park, Bergen
County.
Approved
*Bank of Suffolk County, Stony Brook, New York. Branch
to be established at the intersection of First Avenue
and Second Street, St. James (Unincorporated Area),
Town of Smithtown, Suffolk County..
*Long Island Trust Company, Garden City, New York. Branch
to be established at the Northwest corner of Gerard
Street and New York Avenue, Huntington, Suffolk County.
*Lincoln First Bank of Rochester, Rochester, New York.
Branches to be established at the following locations:
A.
To be established in the Livingston Shopping Plaza,
West of N.Y. State, Route 51 and South of U.S.
Routes 5 and 20, Town of Avon, Livingston County.
B.
To be established in the immediate neighborhood
of the intersection of U.S. Route 104 and N.Y.
Route 21, Town of Williamson, Wayne County.
*Application processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.
H.2
1973 No. 33
- 3 Approved Continued
-Bankers Trust Company of Rochester, Rochester, New York•
Branches to be established at the following locations:
A.
To be established at the intersection of Elmwood
Avenue and Winton Road, Town of Brighton, Monroe
County,
B.
To be established at the intersection of Pittsford
Palmyra Road and Moseley Road, Town of Perinton,
Monroe County.
^Marine Midland Bank-Western, Buffalo, New York. Branch to
be established at 4237 Union Road, Town of Cheektowaga,
Erie County.
*The County Trust Company, White Plains, New York. Branch
to be established in the immediate vicinity of the
intersection of McLean Avenue and First Street, City of
Yonkers, Westchester County.
^Metropolitan Bank of Syracuse, Syracuse, New York. Branch
to be established on the South Side of Cherry Valley
Turnpike (State Route 20) in the Village Square Shopping
Center, Town of Skaneateles, Onondaga County.
*Endicott Trust Company, Endicott, New York. Branch to be
established at 19 Garfield Avenue through 22 Grand Avenue,
Endicott.
*Girard Trust Bank, Bala Cynwyd, Montgomery County, Pennsylvania.
Branch to be established at 520 Penn Street, Reading
Berks County.
* * * * *
^Application processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.
H. 2
1973 No. 33
2
12
- 4 To establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal-Reserve Act
Received
First National City Bank, New York, New York. To establish
a branch in Nairobi, Kenya.
Seattle-First National Bank, Seattle, Washington.
establish a branch in Tokyo, Japan.
To
* * * * *
2
Thirty Day Notice of Intention to Establish An
Additional Branch in a Foreign Country
Received
First National City Bank, New York, New York. To
establish an additional branch in Brunei, located at
Kuala Belait.
* * * * *
4
To Organize , or Invest in, a Corporation Doing
Foreign Banking and Other Foreign Financing Pursuant
To Section 25 or 25(a) of the Federal Reserve Act
Received
The Cleveland Trust Company, Cleveland, Ohio. To organize
a corporation to be known as Cleveland Trust International
Corporation in Cleveland, Ohio.
* * * * *
4
To Merge Pursuant to Section 18(c) of
the Federal Deposit Insurance Act
Approved
*The Peoples-Merchants Trust Company, Canton, Ohio for
prior approval to merge with Peoples Bank of Stark
County, Canton, Ohio,
*Application processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Approved
Farmers State Corporation, Zionsville, Indiana, for
prior approval to acquire 100 per cent of the voting
shares (less directors1 qualifying shares) of Farmers
State Bank, Zionsville, Indiana, Zionsville, Indiana*
Great Lakes Bancorp, Inc., Kalamazoo, Michigan,
for prior approval to acquire 90 per cent or more
of the voting shares (and 90 per cent or more
of the nonvoting shares) of Industrial State Bank
& Trust Company, Kalamazoo; ("Industrial Bank11),
and 90 per cent or more of the voting shares of
both The Owosso Savings Bank, Owosso; and Alpena
Savings Bank, Alpena, all located in Michigan.
Interbank Corp., Chicago, Illinois, for prior approval
to acquire 100 per cent of the voting shares (less
directors* qualifying shares) of South Side Bank,
Chicago, Illinois.
First Wyoming Bancorporation, Kemmerer, Wyoming,
for prior approval to acquire 80 per cent or more
of the voting shares of The First National Bank
of Kemmerer, Kemmerer, Wyoming.
Central Texas Financial Corporation, Brownwood,
Texas, for prior approval to acquire 100 per cent
(less directors1 qualifying shares) of the voting
shares of the successor by merger to First National
Bank in Brownwood, Brownwood, Texas.
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank holding Company Act of 1956
Received
Commonwealth National Corporation, Boston, Massachusetts, for prior approval to acquire 100 per cent of
the voting shares of Town Bank and Trust Company,
Brookline, Massachusetts.
Received Continued
BancOhio Corporation, Columbus, Ohio, for prior
approval to acquire 100 per cent (less directors1
qualifying shares) of the voting shares of The
Citizens National Bank of Ironton, Ironton, Ohio.
United Virginia Bankshares Incorporated, Richmond,
Virginia, for prior approval to acquire 100 per
cent of the voting shares of United Virginia
Bank of Spotsylvania, Spotsylvania, Virginia,
the successor by merger to Bank of Spotsylvania,
Spotsylvania, Virginia.
First Virginia Bankshares Corporation, Falls Church,
Virginia, for prior approval to acquire 100 per
cent of the voting shares of First Bank & Trust
Company, Brookneal, Virginia, a proposed new bank.
First Bancshares of Florida, Inc., Boca Raton,
Florida, for prior approval to acquire 90 per cent
or more of the voting shares of American National
Bank and Trust Company of Fort Lauderdale, Fort
Lauderdale, Florida.
First Bancshares of Florida, Inc., Boca Raton,
Florida, for prior approval to acquire 90 per cent
or more of the voting shares of Southport American
National Bank of Fort Lauderdale, Fort Lauderdale,
Florida.
First Bancshares of Florida, Inc., Boca Raton,
Florida, for prior approval to acquire 90 per cent
or more of the voting shares of Sunrise American
National Bank of Fort Lauderdale, Fort Lauderdale,
Florida.
Landmark Banking Corporation of Florida, Fort Lauderdale, Florida, for prior approval to acquire 80
per cent of the voting shares of Bank of North
Tampa, Hillsborough County (P.O. Tampa), Florida.
Landmark Banking Corporation of Florida, Fort Lauderdale, Florida, for prior approval to acquire 80 per
cent of the voting shares of Northside Bank of
Tampa, Tampa, Florida.
Received Continued
Alpha Agency, Inc., and Pierce Agency, Inc., Aztec,
New Mexico, for approval to retain an additional
14.21 per cent of the voting shares of The Citizens
Bank, Partington, New Mexico.
United Missouri Bancshares, Inc., Kansas City,
Missouri, for prior approval to acquire not less
than 80 per cent (plus directors' qualifying
shares) of the voting shares of United Missouri
Bank of Blue Springs, National Association, Blue
Springs, Missouri, a proposed new bank.
Approved
Union Bancshares Company, Steubenville, Ohio, for
prior approval to acquire 100 per cent of the
voting shares (less directors' qualifying shares)
of the successor by merger to The PeoplesMerchants Trust Company, Canton, Ohio.
Dominion Bankshares Corporation, Roanoke, Virginia,
for prior approval to acquire 100 per cent of
the voting shares (less directors' qualifying
shares) of The First National Exchange Bank of
Montgomery County, Blacksburg, Virginia, a
proposed new bank.
American Bancshares, Inc., North Miami, Florida,
for prior approval to acquire 90 per cent or
more of the outstanding voting shares of Executive
Bank of Fort Lauderdale, Fort Lauderdale, Florida.
Exchange Bancorporation, Inc., Tampa, Florida, for
prior approval to acquire up to 100 per cent of
the outstanding voting shares of First Gulf Beach
Bank and Trust Company, St. Petersburg Beach,
Florida.
Exchange Bancorporation, Inc., Tampa, Florida, for
prior approval to acquire up to 100 per cent of
the outstanding shares of Madeira Beach Bank,
Madeira Beach, Florida.
General Financial Systems, Riviera Beach, Florida,
for approval to retain 24.9 per cent of
the voting shares of Tri-City Bank, Palm Beach
Gardens, Florida.
Approved Continued
ASB Investment Company, Flint, Michigan, for
prior approval to acquire between 10.9 and 12.2
per cent of the voting shares of Great Lakes
Bancorp, Inc., Kalamazoo, Michigan, and
thereby acquire, indirectly, 90 per cent or more
of the voting shares of Alpena Savings Bank,
Alpena, Michigan.
ASB Investment Company, Flint, Michigan, for prior
approval to acquire between 10.9 and 12.2 per
cent of the voting shares of Great Lakes Bancorp,
Inc., Kalamazoo, Michigan, and thereby acquire,
indirectly, 90 per cent or more of the voting
shares of Industrial State Bank & Trust Company,
Kalamazoo, Michigan.
ASB Investment Company, Flint, Michigan, for prior
approval to acquire between 10.9 and 12.2 per
cent of the voting shares of Great Lakes Bancorp,
Inc., Kalamazoo, Michigan, and thereby acquire,
indirectly, 90 per cent or more of the voting
shares of The Owosso Savings Bank, Owosso,
Michigan.
Great Lakes Holding Company, Kalamazoo, Michigan,
for prior approval to acquire between 28.6 and
31.8 per cent of the voting shares of Great Lakes
Bancorp, Inc., Kalamazoo, Michigan, and thereby
acquire, indirectly, 90 per cent or more of the
voting shares of Alpena Savings Bank, Alpena,
Michigan.
Great Lakes Holding Company, Kalamazoo, Michigan,
for prior approval to acquire between 28.6 and 31.8
per cent of the voting shares of Great Lakes Bancorp,
Inc., Kalamazoo, Michigan, and thereby acquire,
indirectly, 90 per cent or more of the voting
shares of Industrial State Bank & Trust Company,
Kalamazoo, Michigan.
Great Lakes Holding Company, Kalamazoo, Michigan,
for prior approval to acquire between 28.6 and
31.8 per cent of the voting shares of Great Lakes
Bancorp, Inc., Kalamazoo, Michigan, and thereby
acquire, indirectly, 90 per cent or more of the
voting shares of The Owosso Savings Bank, Owosso,
Michigan.
•
H.2
1973 No. 33
•
. 9 -
Approved Continued
The Kemmerer Corporation, New York, New York,
a registered bank holding company owning 46.7
per cent of the voting shares of The First
National Bank of Kemmerer, Kemmerer, Wyoming
("Bank"), for prior approval to exchange the
interest it holds in Bank for 50 per cent or
more of the vc ting shares of First Wyoming
Bancorporation, Kemmerer, Wyoming.
10
10
United Banks of Colorado, Inc., Denver, Colorado,
for prior approval to acquire 80 per cent or
more of the voting shares of United Bank of Skyline,
National Association, Denver, Colorado.
11
The Fort Worth National Corporation, Fort Worth,
Texas, for prior approval to acquire 100 per cent
of the voting shares (less directors 1 qualifying
shares) of The First State Bank of Stratford,
Stratford, Texas.
Withdrawn
On H.2 No. 18, the Board reported receipt of an
application from Central National Bancshares, Inc.,
Des Moines, Iowa, for prior approval to acquire
80 per cent or more of the voting shares of First
State Bank, Britt, Iowa, through the acquisition
of 90 per cent or more of the voting shares of
United American Investment Company, Mason City,
Iowa, and through the execution of tender offers
with minority shareholders of First State Bank.
7
* * * * *
11
To Expand a Bank Holding Company Pursuant to Section
A (c)(8) of the Bank Holding Company Act of 1956
Received
**Texas Commerce Bancshares, Inc., Houston, Texas,
notification of intent to engage in de_ novo
activities (mortgage banking and leasing) through
its wholly-owned subsidiaries, known as Texas
Commerce Realty Company and Texas Commerce Leasing
Co., in Houston, Texas.
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
8- 7-73
H. 2
1973 No. 33
4
4
-10-
Received Continued
**Centran Bancshares Corporation, Cleveland, Ohio,
notification of intent to engage in de novo
activities (making of consumer finance loans
(including loans to individuals secured by
first mortgages and second mortgages on real
estate), purchases of installment sales contracts; and selling credit life insurance and
health and accident insurance at the request of
borrowers in connection with extensions of
credit) through its wholly-owned subsidiary,
Peoples Financial Corporation of Cleveland,
Cleveland, Ohio.
**Hellon National Corporation, Pittsburgh, Pennsylvania, notification of intent, through its
wholly-owned subsidiary, Mellon National Leasing
Corporation, Pittsburgh, Pennsylvania, to engage
in de novo activities (leasing personal property
and equipment, or acting as agent, broker, or
adviser in leasing of such property, where at
the inception of the initial lease the expectation
is that the effect of the transaction and reasonably anticipated future transactions with the
same lessee as to the same property will be to
compensate the lessor for not less than the
lessor's full investment in the property; and
making or acquiring, for its own account or for
the account of others, loans and other extensions
of credit primarily to finance the acquisition of
personal property and equipment; such loans would
include but not be limited to the financing of
conditional sales agreements) through a subsidiary,
Mellon Leasing Company, Robinson Township, McKees
Rocks, Pennsylvania.
8-15-73
8-16-73
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2
1973 No. 33
5
- 11
Received Continued
**First Virginia Bankshares Corporation, Falls Church,
Virginia, notification of intent to relocate
de novo activities (operating as a finance
company, including the extension of small personal loans; financing retail installment sales;
granting real estate loans, primarily second
mortgage loans; and acting as agent or broker
in the sale of property insurance, credit life
insurance and credit accident and health insurance only to its loan customers) from 209 22nd
Street to 5325 Oporto Avenue, AA Village East,
Birmingham, Alabama, through its subsidiary,
First General Financial Services, Inc.
8-15-73
5
**First Virginia Bankshares Corporation, Falls Church,
Virginia, notification of intent to engage in
de novo activities (operating as a finance
company, including the extension of small personal loans; financing retail installment sales;
granting real estate loans, primarily second
mortgage loans; and acting as agent or broker in
the sale of property insurance, credit life insurance and credit accident and health insurance
only to its loan customers) in Gainsville, Florida;
Gulfport and Biloxi, Mississippi; and Houma,
Louisiana, through its subsidiary, First General
Financial Services, Inc.
8-15-73
6
**Citizens and Southern Holding Company, Atlanta,
Georgia, notification of intent to engage in de
novo activities (making, originating, acquiring,
or servicing loans and other extensions of credit
for any person, including consumer installment
loans) through a subsidiary, The Citizens and
Southern Servicing Company, Atlanta, Georgia.
8-17-73
6
Citizens and Southern Holding Company, and The Citizens
and Southern National Bank, Atlanta, Georgia, for
prior approval to acquire the shares of Ison Finance
Corporation, Atlanta, Georgia.
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
||
hi
— —
H.2
1973 No. 33
6
-
12
Received Continued
**Popular Bancshares Corp,, Miami, Florida, notification of intent to engage in de novo activities
(providing loans to individuals and corporations
secured by mortgages upon residential and commercial
real estate) through a subsidiary, Popular Mortgage
Company, Miami, Florida.
8-13-73
11
**Southwest Bancshares, Inc., Houston, Texas, notification of intent to engage in a de novo activity
(mortgage banking) in Houston, Texas, through a
subsidiary, Southwest Bancshares Mortgage Company.
8-14-73
x2
**Commercial Security Bancorporation, Ogden, Utah,
notification of intent to engage in a de novo
activity (leasing personal property and equipment, or acting as agent, broker, or adviser in
the leasing of such property) in Salt Lake City,
Utah, through a subsidiary, CSB Leasing, Inc.
7-31-73
2
Correction:
**0n H.2 No. 27, the Board reported as received July
1, 1973, a notification of intent from First
National City Corporation, New York, New York,
to engage in de novo activities (making consumer
installment personal loans, purchasing consumer
installment sales finance contracts; and acting as
broker for the sale of consumer credit related life/
accident and health insurance, and consumer credit
related property and casualty insurance; if this
proposal is effected, Nationwide Finance Company of
Blackfoot will offer to sell insurance as follows:
(a) group credit life/accident and health insurance
to cover the outstanding balances of loans to
borrowers in the event of their death, or to make
the contractual monthly payments on the loans in
the event of the borrowers disability; and (b)
individual casualty insurance on property, generally
automobiles and household goods, subject to security
agreements with Nationwide; further, in regard to
the sale of credit related insurance, Nationwide
Finance Company of Blackfoot will not offer insurance counseling) in Idaho Falls, Idaho, through
a subsidiary, Nationwide Finance Company of Blackfoot. This should have been report as received
June 1, 1973.
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2
1973 No. 33
5
- 13 -
Approved
South Carolina National Corporation, Columbia,
South Carolina, for prior approval to acquire
all of the voting shares of the successor by
merger to Provident Financial Corporation, Sanford, North Carolina.
6
Pan American Bancshares, Inc., Miami, Florida,
for prior approval to acquire all of the voting
shares of Atico Financial Corporation, Miami,
Florida, and thereby to indirectly acquire shares
of Atico Advisory Corporation and Construction
Supervisory Services, wholly-owned subsidiaries of
Atico Financial. Atico Financial has arranged a
divestiture for another subsidiary of Atico
Financial, Atico Insurance Agency, Inc., to an
independent purchaser with a re-purchase agreement to become effective upon Board determination
that the agency may be owned by Applicant.
9
Northwest Bancorporation, Minneapolis, Minnesota,
for prior approval to acquire all of the voting
shares of T. G. Evensen & Associates, Inc.,
Minneapolis, Minnesota.
12
BankAmerica Corporation, San Francisco, California,
for prior approval to acquire voting shares of
GAC Finance, Inc., Allentown, Pennsylvania.
Following reconsideration of the Board's July 27,
1973 denial of the application, the Board has
approved a revised proposal conditioned upon a
substantial divestiture of the offices and assets
of GAC Finance. The offices to be divested are
located in the western United States.
12
Marine Bancorporation, Seattle, Washington, for
prior approval to acquire indirectly certain assets
of Triway Finance Co., Portland, Oregon, through
Applicant's wholly-owned subsidiary, Commerce
Credit Company, Seattle, Washington.
3
Delayed
**Provident National Corporation, Philadelphia,
Pennsylvania, notification of intent to engage in
a de novo activity (full payout leasing of personal property) in Memphis, Tennessee; and Houston,
Texas, through its subsidiary, Provco Leasing Inc.
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
8-10-73
H. 2
1973 No. 33
6
10
- 14-
Delayed Continued
**Southeast Banking Corporation, Miami, Florida, notification of intent to engage in a de novo activity
(insurance for the holding company and its subsidiaries, credit life and credit accident and
health insurance directly related to extensions
of credit by the holding company and its sub- ,
sidiaries, and insurance sold as a matter of
convenience to the purchaser, so long as the
premium income from such sales does not constitute a significant portion of the aggregate
insurance premium of the holding company from
credit life and credit accident and health insurance sold) in Miami, Miami Springs, Miramar,
Hollywood, Fort Lauderdale, Deerfield Beach,
Jacksonville, Jacksonville Beach, Orange Park,
Bradenton, Dunedin, Tampa, Melbourne, Satellite
Beach, Deltona, and Orlando, Florida, through
a subsidiary, Southeast Insurance Agency •
**Council Grove Bancshares, Inc., Ottawa, Kansas,
notification of intent to engage in a de novo
activity (sale of credit life insurance and
credit accident and health insurance) in Council
Grove, Kansas.
10
10
Baldwin Co., Cincinnati, Ohio, notification
of intent to engage in a de novo activity
(serving as an advisory company for a mortgage or
real estate investment trust) in Cincinnati, Ohio,
through a subsidiary to be known as Midwestern
Trust Advisors, Inc.
8-13-73
8-15-73
7-6-73
**Mountain Banks, Ltd., Colorado Springs, Colorado,
notification of intent to engage in a de novo
activity (operation of an Industrial Bank) in
Greeley, Colorado, through a subsidiary, to be
known as Mountain Industrial Bank.
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
8-14-73
H.2
1973 No. 33
1
-15-
Permitted
**Industrial National Corporation, Providence, Rhode
Island, to continue to engage in de, novo activities
(consumer finance; insurance underwriting of
credit accident and health insurance, and insurance
agency or brokerage in connection with selling to
consumer finance borrowers credit life insurance,
credit accident and health insurance, and property
damage insurance for collateral securing loans
made to borrowers) at a new office at 750 S.
Clayton Street, Lawrenceville, Georgia, through
its subsidiary, Southern Discount Company.
8-13-73
2
**First National City Corporation, New York, New York,
to engage in de novo activities (making consumer
installment personal loans, purchasing consumer
installment sales finance contracts; and acting
as broker, for the sale of consumer credit related
life-accident and health insurance and consumer
credit related property and casualty insurance;
if this proposal is effected, Nationwide will
offer to sell insurance as follows: (a) group
credit life-accident and health insurance to cover
the outstanding balances of loans to borrowers
in the event of their death, or to make the contractual monthly payments on the loans in the
event of the borrowers disability; and (b) individual casualty insurance on property, generally automobiles and household goods, subject to security
agreements with Nationwide; further, in regard
to the sale of credit related insurance, Nationwide
Finance Company will not offer insurance counseling)
in Boise, Idaho, through a subsidiary, Nationwide
Financial Corporation of Idaho.
8- 9-73
2
**First National City Corporation, New York, New York,
to relocate de novo activities (making consumer
installment personal loans, purchasing consumer
installment sales finance contracts; and acting
as broker for the sale of consumer credit related
life-accident and health insurance, and consumer
credit related property and casualty insurance,
if this proposal is effected, Nationwide will offer
to sell insurance as follows: (a) group credit
life-accident and health insurance to cover the
8- 9-73
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H. 2
1973 No. 33
- 1 6 -
Permitted Continued
c uofiroing balances of loans to borrowers in the
event o£ their death 3 or to make the contractual
monthly payments on the loans in the event of the
borrc._rs disability; and (b) individual casualty
insurance on property, generally automobiles and
household goods, subject to security agreements
with Nationwide; and further in regard to the sale
of credit related insurance, Nationwide Financial
Corporation of Florida will not offer insurance
counseling) from 2414 to 120 East Colonial Drive,
Orlando, Florida, through its subsidiary, Nationwide
Financial Corporation.
2
**First National City Corporation, New York, New York,
to engage in de novo activities (making consumer
installment personal loans, purchasing consumer
installment sales finance contracts; and acting
as broker for the sale of consumer credit related
life-accident and health insurance and consumer
credit related property and casualty insurance;
if this proposal is effected, Nationwide will
offer to sell insurance as follows: (a) group
credit life-accident and health insurance to cover
the outstanding balances of loans to borrowers
in the event of their death, or to make the
contractual monthly payments on the loans in the
event of the borrowers disability; (b) individual
casualty insurance on property, generally automobiles and household goods, subject to security
agreements with Nationwide; further, in regard to
the sale of credit related insurance, Nationwide
will not offer insurance counseling) in Carson
City, Nevada; Jacksonville, Florida; and Phoenix,
Arizona, through a subsidiary, Nationwide Financial
Corporation.
8-15-73
5
**First Virginia Bankshares Corporation, Falls Church,
Virginia, to engage in de novo, activities
(operating as a finance company, including the
extension of small personal loans; financing retail installment sales; granting real estate loans,
primarily second mortgage loans; and acting as
agent or broker in the sale of property Insurance,
credit life insurance and credit accident and
health insurance only to its loan customers) in
Pascagoula, Mississippi, through a subsidiary,
B.I.C. Financial Services, Inc. (a subsidiary of
First General Financial Services, Inc.).
8-10-73
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H. 2
1973 No. 33
6
-17-
Pemitted Continued
**Atlantlc Bancorporaton, Jacksonville, Florida, to
engage in de novo activities (making or acquiring,
for its own account or for the account of others,
loans and other extensions of credit such as would
be made by a finance company; it is also anticipated
that Atlantic Financial Corporation, may enter the
business of leasing mobile homes, motor homes,
campers, and travel trailers, and/or other personal property on full payout leases, in addition to
its sales finance activities; servicing commercial
banks and savings and loan associations by arranging
and servicing mobile home loans for such institutions by assisting in collections, soliciting loan
applications from mobile home retail dealers, making
appraisals; and acting as agent for credit life,
health and accident insurance and mobile home
physical damage insurance, including vendors
single interest insurance, Atlantic Mobile Homes,
Inc., will protect lenders against credit losses)
in Jacksonville, Florida, through its subsidiary,
Atlantic Financial Corporation (formerly Atlantic
Mobile Homes, Inc.).
8-5-73
6
**Third National Corporation, Nashville, Tennessee,
to engage in de novo activities (conducting the
business of a mortgage company, including the
making or acquiring, for its own account or for
the account of others, loans and other extensions
of credit; servicing loans and other extensions of
credit for any person; and to act as agent or
broker in the sale of mortgage redemption insurance,
credit life, accident, and health insurance) in
Knoxville, Tennessee, through its subsidiary, John
W. Murphree Co.
8-5-73
6
**Third National Corporation, Nashville, Tennessee, to
engage in de novo activities (conducting the
business of a mortgage company, including the
making or acquiring, for its own account or for
the account of others, loans and other extensions
of credit; servicing loans and other extensions of
credit for any person; and to act as agent or
broker in the sale of mortgage redemption insurance, credit life, accident and health insurance)
in Charlotte, North Carolina, through its subsidiary,
John W. Murphree Co.
8-12-73
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H. 2
1973 No. 33
7
10
— 18 —
Permitted Continued
**Flnanclal Incorporated, Fort Wayne, Indiana, to
engage in de novo activities (serving as investment adviser, as defined in Section 2(a)(20)
of the Investment company registered under that
Act of 1940, to an investment company registered
under that Act; providing portfolio investment
advice to financial institutions and other persons;
and furnishing general economic information and
advice) through a subsidiary, Financial Investment
Advisors, Inc., Fort Wayne, Indiana.
Baldwin Co., Cincinnati, Ohio, to engage
in de_ novo activities (making, acquiring, or
servicing, for its own account or for the
account of others, mortgage loans and similar
extensions of credit, and to otherwise engage in
the activity generally referred to as mortgage
banking) in Cincinnati, Ohio, through a subsidiary
to be known as Baldwin Mortgage Service Co.
8-15-73
8-14-73
10
**First Tulsa Bancorporation, Inc., Tulsa, Oklahoma,
to engage in de novo activities (making and
servicing commercial, industrial and consumer
loans and other extensions of credit, leasing
of personal property, factoring accounts receivable, and discounting loans, receivables,
acceptances and other commercial paper and credit
instruments) in Tulsa, Oklahoma, through a subsidiary to be known as Midwest Finance Co.
8-13-73
12
**Zions Utah Bancorporation, Salt Lake City, Utah,
to engage through a subsidiary, Zions Mortgage
Company, in de novo activities (mortgage
banking; and acting as an agent in the issuance
of credit-related insurance policies incidental
thereto) at affiliate offices in Colorado
Springs, Littleton, Arvada, and Fort Collins,
Colorado; and in Idaho Falls, Blackfoot, Pocatello,
and Montpelier, Idaho.
8-17-73
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2
1973 No. 33
8
12
- 19 -
Reactivated
**Finaneial Development Company, Southaven, Mississippi,
notification of intent to engage in de novo activities
(insurance that is directly related to an extension
of credit by the subsidiary bank; insurance that
is directly related to the provisions of other
financial services by the subsidiary bank, insurance
covering the subsidiary bank, and insurance that
is sold as a matter of convenience to the purchaser
restricted to not becoming a significant portion of
the aggregate insurance premium income) through
a subsidiary, FNB Insurance Agency, Southaven,
Mississippi,
**Zions Utah Bancorporation, Salt Lake City, Utah,
notification of intent to engage through a subsidiary, Zions Mortgage Company, in de novo activities
(mortgage banking; and acting as agent in the
issuance of credit-related insurance policies
incidental thereto) at affiliated offices in Colorado
Springs, Littleton, Arvada, and Fort Collins,
Colorado; and in Idaho Falls, Blackfoot, Pocatello,
and Montpelier, Idaho.
8-15-73
8-17-73
* * * * *
6
7
To Expand a Bank Holding Company Pursuant to Section
4(c)(12) of the Bank Holding Company Act of 1956
Received
**The ICB Corporation, New Orleans, Louisiana, notification of intent to acquire an additional 18 per
cent of the stock of Guernsey Petroleum Corporation,
Atlanta, Georgia.
**Lumbermens Mutual Casualty Company, Long Grove,
Illinois, notification of intent to acquire all
of the outstanding stock of LaBow, Hayes Company,
Inc., Seattle, Washington, which operates as an
incorporated insurance brokerage house, -indirectly
through its subsidiary, Kemperco, Inc., Long Grove,
Illinois.
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
8-15-73
8—16—73
@FedFRASER