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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1986, No. 31
Actions of the Board
Applications and Reports Received
During the Week Ended August 2, 1986
ACTIONS OF THE BOARD
Boston
Bank of New England, N.A., Boston,
Massachusetts — proposed merger with
Northeast National Bank, Amesbury,
Massachusetts — report to the Comptroller of
the Currency on competitive factors. 1/
Philadelphia
Community Banks, Inc., Millersburg,
Pennsylvania — extension to October 14,
1986, to acquire Peoples Bank of Shamokin,
Pennsylvania, Shamokin, Pennsylvania. 1/
Philadelphia
Curwensville State Bank, Curwensville,
Pennsylvania — proposed merger with
Curwensville Interim Bank — report to the
Federal Deposit Insurance Corporation on
competitive factors. 1/
Philadelphia
The First National Bank of Minersville,
Minersville, Pennsylvania — proposed merger
with First Interim National Bank of
Minersville — report to the Comptroller of
the Currency on competitive factors. 1/
Philadelphia
The Gratz National Bank, Gratz, Pennsylvania
— proposed merger with The Gratz Interim
National Bank — report to the Comptroller of
the Currency on competitive factors. 1/
Philadelphia
United Jersey Bank/Cumberland National,
Bridgeton, New Jersey — proposed merger
with United Jersey Bank/Southwest, Cherry
Hill, New Jersey — report to the
Comptroller of the Currency on competitive
factors. 1/
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, Ho. 31
2
ACTIONS OF THE BOARD - Continued
Richmond
First Virginia Bank - Colonial, Richmond,
Virginia — extension to December 6, 1986,
to establish a branch at Centralia and Iron
Bridge Roads, Chesterfield County, Virginia.
1/
Richmond
Maryland National Corporation, Baltimore,
Maryland — extension of time to November 4,
1986, to acquire Maryland National Bank/D.C.,
Washington, D.C., a de novo nonbank bank. 1/
Richmond
The First National Bank of Saltville,
Saltville, Virginia — proposed merger with
Bank of Saltville, National Association —
report to the Comptroller of the Currency on
competitive factors. 1/
Richmond
Williamsburg First National Bank, Kingstree,
South Carolina — proposed merger with New
Williamsburg First National Bank — report to
the Comptroller of the Currency on
competitive factors. 1/
Atlanta
Citizens Bank, Lafayette, Louisiana, proposed
merger with Citizens Interim Bank — report
to the Federal Deposit Insurance Corporation
on competitive factors. 1/
Atlanta
Citizens Bank of Tifton, Tifton, Georgia
proposed merger with Bank South Subsidiary
Corporation, Atlanta, Georgia — report to
the Federal Deposit Insurance Corporation on
competitive factors. 1/
Chicago
First American Bank of Dundee, Dundee,
Illinois — proposed merger with First
American Bank of Hampshire, Hampshire,
Illinois — report to the Federal Deposit
Insurance Corporation on competitive factors.
1/
Chicago
Tri-County Financial Group, Inc., Mendota,
Illinois — extension to October 29, 1986, to
acquire First State Bank. 1/
St. Louis
Dumas State Bank, Dumas, Arkansas — proposed
purchaser of assets and assumption of
liabilities to pay deposits in the Dumas
branch of FirstSouth, F.A., Pine Bluff,
Arkansas — report to the Federal Deposit
17
Processed on behalf of the Board of Governors under
delegated authority.
H. 2, 1986, No. 31
3
ACTIONS OF THE BOARD - Continued
Insurance Corporation on competitive factors.
1/
St. Louis
Simmons First National Corporation, Pine
Bluff, Arkansas — extension to October 28,
1986, to engage de novo (loans, leasing, and
real estate appraisals) through Simmons First
Agriculture Corporation. 1/
St. Louis
Selmer Bank & Trust Company, Selmer,
Tennessee — proposed merger with The Selmer
Interim Bank — report to the Federal Deposit
Insurance Corporation on competitive factors.
1/
Kansas City
The Peoples National Bank, Kingfisher,
Oklahoma — extension of time to August 3,
1987, to divest certain stock. 1/
Kansas City
CS Bancshares, Inc., Chillicothe, Missouri
— extension to November 4, 1986, to acquire
Chillicothe State Bank. 1/
San Francisco
First Hawaiian, Inc., Honolulu, Hawaii —
extension to August 14, 1986, on behalf of
First Hawaiian Creditcorp to divest certain
property. 1/
San Francisco
Bank of Loleta, Eureka, California —
proposed purchase of assets and assumption of
liabilities to pay deposits made in the
Scotia branch of Crocker National Bank, San
Francisco, California — report to the
Federal Deposit Insurance Corporation on
competitive factors. 1/
San Francisco
Rainier Bank Oregon, N.A., Gresham, Oregon
— proposed merger with Mount Hood Security
Bank — report to the Comptroller of the
Currency on competitive factors. 1/
* * * * *
Applications and Notifications for International
Investments and Other Actions Pursuant to
Sections 25 and 25(a) of the Federal Reserve Act
and Sections 4(c)(9), 4(c) (13) and 4(c) (14)
of the Bank Holding Company Act of 1956, as amended
Approved
T7
Processed on behalf of the Board of Governors under
delegated authority.
H. 2, 1986, No. 31
4
ACTIONS OF THE BOARD - Continued
Nev York
Bankers International Corporation, New York,
New York — grants after the fact consent on
the restructuring which was effectuated on
February 21, 1986, resulted in investments in
two indirect wholly-rowned subsidiaries, BT
Investments Limited, Sydney, Australia, and
Bankers Trust Australia
Limited ("BTA"), Sydney, Australia, and an
additional investment, directly or indirectly
in BTA. (7/28/86)
* * * * *
Forty-five Day Notification Allowed to Expire
New York
Citicorp, New York, New York: no objection
to invest in Citicorp Scrimgeour Vickers
Securities Limited, London, England.
(7/25/86)
San Francisco
Security Pacific National Bank, Los Angeles,
California: no objection to establish a
foreign branch in Taipei, Taiwan. (7/27/86)
* * * * *
To Establish a Domestic Branch
Pursuant to Section 9 of the
Federal Reserve Act
Approved
New York
Richmond
Atlanta
J. Henry Schroder Bank & Trust Company, New
York, New York — to establish a branch
office at 126 East 56th Street, New York, New
York. 1/ (7/29/86)
Central Fidelity Bank, Richmond, Virginia —
to establish a branch at 12410 Gayton Road,
Richmond, Virginia. 1/ (7/31/86)
American Bank of Polk County, Lake Wales,
Florida — to establish a branch at 1013
Highway 542, Dundee, Florida, to be known as
the American Bank of Polk County, Dundee,
Florida. 1/ (7/28/86)
To Merge Pursuant to Section 18(c)
of the Federal Deposit Insurance Act
l
1?
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 31
5
ACTIONS OP THE BOARD - Continued
Approved
Atlanta
Merchants & Southern Bank of Clay County,
Keystone Heights, Florida. 1/ (7/28/86)
* * * * *
To Expand a Bank Holding Company Pursuant
to Section 3(a)(1) of the Bank Holding
Company Act of 1956
Approved
Cleveland
First Sidney Banc Corp., Sidney, Ohio — for
approval to acquire 100 percent of the voting
shares of The First National Bank, Sidney,
Ohio. 1/ (7/31/86)
Atlanta
Investors Trust Financial Corporation,
Duluth, Georgia — for approval to acquire
100 percent of the voting shares of Investors
Trust Bank, Duluth, Georgia (currently the
Investors Trust Savings & Loan Association,
Duluth, Georgia). 1/ (7/23/86)
Spivey Bank Shares, Inc., Swainsboro, Georgia
— for approval to acquire 100 percent of the
voting shares of Spivey State Bank,
Swainsboro, Georgia. 1/ (7/28/86)
Atlanta
Chicago
Bankers' Bancorp of Illinois, Springfield,
Illinois — for approval to acquire 100
percent of the voting shares of Independent
Bankers' Bank of Illinois, Springfield,
Illinois, (a proposed new bank). (7/21/86)
Chicago
Duco Bancshares, Inc., Villa Park, Illinois
— for approval to acquire 100 percent of the
voting shares of Bank of Villa Park, Villa
Park, Illinois. 1/ (7/30/86)
Chicago
Green Belt Bancorporation, Iowa Falls, Iowa
— for approval to acquire 100 percent of the
voting shares of Green Belt Bank & Trust,
Iowa Falls, Iowa. 1/ (7/31/86)
Minneapolis
Winter Park Bancshares, Inc., Park Falls,
Wisconsin — for approval to acquire 100
percent of the voting shares of Voyageur
Development Corporation, Park Falls,
Wisconsin and indirectly Park Falls State
Bank, Park Falls, Wisconsin, Chippewa Valley
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 31
6
ACTIONS OF THE BOARD - Continued
Agency, Ltd., Winter, Wisconsin and
indirectly Chippewa Valley Bank, Winter,
Wisconsin. 1/ (7/30/86)
Dallas
Eden Financial Corporation, San Angelo, Texas
— for approval to acquire 100 percent of the
voting shares of Eden State Bank, Eden,
Texas. 1/ (7/31/86)
Dallas
Lake Granbury Financial Corporation,
Granbury, Texas — for approval to acquire
80 percent of the voting shares of Lake
Granbury National Bank, Granbury, Texas. 1/
(8/1/86)
San Francisco
Bonneville Bancorp Employee Stock Ownership
Plan and Trust, Provo, Utah — for approval
to acquire 35.97 percent of Bonneville
Bancorp, Provo, Utah, and indirectly
Bonneville Bank, Provo, Utah. 1/ (7/31/86)
* * * * *
To Expand a Bank Holding Company Pursuant
to Section 3(a)(3) of the Bank Holding
Company Act of 1956
Approved
Richmond
Piedmont BankGroup Incorporated,
Martinsville, Virginia — for approval to
acquire 100 percent of the voting shares of
The First National Bank of Saltville,
Saltville, Virginia. 1/ (7/30/86)
Atlanta
First National Corporation of Alexander City,
Inc., Alexander City, Alabama — for
approval to acquire 100 percent of the voting
shares of First Montgomery Bank, Montgomery,
Alabama. 1/ (7/28/86)
Chicago
The Indiana National Corporation,
Indianapolis, Indiana — for approval to
acquire 5.2 percent of CommerceAmerica Corp.,
Jeffersonville, Indiana and indirectly
CommerceAmerica Banking Company,
Jeffersonville, Indiana, and Capital Bank and
Trust Company, Corydon, Indiana. 1/
(7/29/86)
Chicago
Lincoln Financial Corporation, Fort Wayne,
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 31
7
A C T I O N S O F THE B O A R D - Continued
Indiana — for approval to acquire 100
percent of the voting shares of Farmers &
Merchants Bank, Bluffton, Indiana. 1/
(7/30/86)
Chicago
Suburban Bancorp, Inc., Palatine, Illinois
— for approval to acquire 95 percent or more
of the voting shares of Westbrook Bancshares,
Inc., Westchester, Illinois, and indirectly
West Brook Bank, Westchester, Illinois.
(7/30/86)
Chicago
Suburban Bancorp, Inc., Palatine, Illinois
— for approval to acquire 100 percent of the
voting shares of Marbanco, Inc., Marengo,
Illinois and indirectly Marengo State Bank,
Marengo, Illinois 1/ (7/30/86)
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 3(a)(5) of the Bank Holding Company
Act of 1956
Approved
Chicago
The Indiana National Corporation,
Indianapolis, Indiana — for approval to
merge with CommerceAmerica Corp.,
Jeffersonville, Indiana and indirectly
acquire CommerceAmerica Banking Company,
Jeffersonville, Indiana and Old Capital Bank
and Trust Company, Corydon, Indiana. 1/
(7/29/86)
Kansas City
United Community Corporation, Oklahoma City,
Oklahoma — for approval to merge with
Citibancshares, Inc., Muskogee, Oklahoma, and
indirectly acquire City Bank, Muskogee,
Oklahoma. 1/ (8/1/86)
* * * * *
To Expand a Bank Holding Company Pursuant
to Section 4(c)(8) of the Bank Holding
Company Act of 1956
Withdrawn
St. Louis
1/
Mid South Bancshares, Inc., Paragould,
P r o c e s s e d on b e h a l f of the Board of G overnors under
delegated authority.
H.2, 1986, No. 31
8
ACTIONS OF THE BOABD - Continued
Arkansas — to engage de novo )providing
management consulting services to depository
institutions) through the acquisition of
Profit Consultants, Inc., Jonesboro, Arkansas
(8/ 1/ 86)
* * * * *
Returned
Chicago
F&M Financial Services Corporation, Menomonee
Falls, Wisconsin — to establish a de novo
subsidiary, F&M Trust Company, Inc.,
Menomonee Falls, Wisconsin and to engage de
novo (engaging in the activities of a trust
company of a fiduciary, agency, or custodial
nature). 3/ (7/28.86)
Kansas City
Clearwater Home State Bancshares, Inc.,
Clearwater, Kansas — to engage de novo
(making, acquiring and/or servicing loans for
itself or for others of the type made by a
mortgage company; a consumer finance company,
selling U.S. savings bonds; selling
travelers checks) through Home Financial
Corp., Wichita, Kansas. The geographic area
to be served will be Kansas and Oklahoma. 3/
(7/30/86)
Kansas City
First National of Nebraska, Inc., Omaha,
Nebraska — for approval to expand the
activities of its subsidiary, First National
Leasing, Inc., Omaha, Nebraska, to include
making, acquiring, and/or servicing loans for
itself or for others.
(7/29/86)
Kansas City
Security Holding, Inc., Denver, Colorado —
to engage de novo (making, acquiring, and/or
servicing loans for itself or for others of
the type made by a mortgage company). The
geographic area to be served will be the
State of Colorado. 3/ (7/29/86)
San Francisco
Mission Valley Bancorp, Pleasanton,
California — to engage de novo (provide
portfolio investment advice to any person).
3/ (8/1/86)
* * * * *
Approved
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 31
9
ACTIONS OP THE BOARD - Continued
New York
Citicorp, New York, New York — to acquire
through its subsidiary, Citicorp
Person-to-Person, Inc., St. Louis, Missouri,
all of the voting shares of the successor to
National Permanent Bank, FSB, Washington,
D.C.
(8/1/86)
Atlanta
Gulf Coast Holding Corporation, Panama City,
Florida — for approval to acquire ATM
Network, Inc., Panama City, Florida, and
thereby engage in providing data processing
and data transmission services facilities,
data bases, or access to such services,
facilities or data by any technological
means. 1/ (8/1/86)
First Wisconsin Corporation, Milwaukee,
Wisconsin — to engage through its de novo
joint venture subsidiary, Elan Life Insurance
Company, Phoenix, Arizona in the
underwriting, as reinsurer, of credit life
and credit accident and health insurance that
is directly related to extensions of credit
by the banking and nonbanking subsidiaries.
1/ (8/ 1/ 86)
Chicago
Chicago
The Indiana National Corporation,
Indianapolis, Indiana — for approval to
acquire CommerceAmerica Credit Life Insurance
Company, Phoenix, Arizona and thereby engage
in underwriting as a reinsurer, credit life
and disability insurance directly related to
extensions of credit by its affiliates. 1/
(7/29/86)
Chicago
NBD Bancorp, Inc., Detroit, Michigan — for
approval to acquire through its wholly-owned
subsidiary NBD Mortgage Company, Heartwell
Mortgage Corporation, Grand Rapids, Michigan.
1/ (7/29/86)
Minneapolis
First Bank System, Inc., Minneapolis,
Minnesota approval to acquire 100 percent of
the voting shares of FBS Credit Services,
Inc., Minneapolis, Minnesota.
(7/29/86)
Minneapolis
Winter Park Bancshares, Inc., Park Falls,
Wisconsin — for approval to acquire
Chippewa Valley Agency, Ltd., Winter,
Wisconsin and thereby indirectly engage in
general insurance agency activities in
Winter, Wisconsin, a community with a
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 31
10
ACTIONS OF THE BOABD - Continued
population not exceeding 5,000.
(7/30/86)
1/
* * * * *
1/
Processed on behalf Of the Board of Governors under
delegated authority.
H.2, 1986, No. 31
11
ACTIONS OF THE BOARD - Continued
Permitted
Minneapolis
First Sleepy Eye Bancorporation, Inc., Sleepy
Eye, Minnesota — to engage de novo
(providing to others financially related data
processing and data transmission services,
facilities, and data bases; or access to
them). The activity will be conducted
nationwide. 3/ (7/31/86)
San Francisco
Old National Bancorporation, Spokane,
Washington — to expand the geographic area
served by Bancshares Mortgage Company,
Spokane, Washington to now include the entire
United States, and to continue to engage de
novo (making, acquiring and/or servicing
loans for itself or for others of the type
made by a mortgage company). 3/ (7/31/86)
* * * * *
Redemption of Shares
Approved
Dallas
Brownsville Bancshares, Inc., Brownsville,
Texas. 1/ (7/30/86)
* * * * *
Issued Intent Not to Disapprove Change
of Control Pursuant to Change in Bank
Control Act of 1978
Approved
Boston
Minneapolis
Seabrook Bank and Trust Company, Seabrook,
New Hampshire. 1/ (7/30/86)
New Germany Bancshares, Inc., New Germany,
Minnesota. 1/ (7/31/86)
Dallas
Brownsville Bancshares, Inc., Brownsville,
Texas 1/ (7/30/86)
San Francisco
Guardian Bancorp, Salt Lake City, Utah.
(7/31/86)
San Francisco
Point West Bancorp, Sacramento, California.
1/ (7/28/86)
17
3/
1/
Processed on behalf of the Board of Governors under
delegated authority.
Notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1986, No. 31
12
APPLICATIONS RECEIVED
To Establish a Domestic Branch
Pursuant to Section 9
of the Federal Reserve Act
Received
New York
Central Trust Company, Rochester, New York
— to establish a branch office at 4476 Main
Street, Amherst, New York. 2/
New York
Manufacturers and Traders Trust Company,
Buffalo, New York — to establish a full
service branch office, 428 Evans Street,
Village of Williamsville, Erie County, New
York. 2/
Richmond
Bank of Virginia, Richmond, Virginia — to
establish an electronic funds transfer
facility at Mark Center Plaza, 4900 Seminary
Road, Alexandria, Virginia. 2/
San Francisco
First Interstate Bank of California, Los
Angeles, California — application made for
branch office in the vicinity of 101 Ygnacio
Valley Road, City of Walnut Creek, County of
Contra Costa, California. 2/
San Francisco
Bank of California, Los Angeles, California
— application made for branch office in the
vicinity of 1055 Wilshire Boulevard, City and
County of Los Angeles, California. 2/
* * * * *
To Become a Member of the Federal
Reserve System Pursuant to Section 9
of the Federal Reserve Act
Received
Atlanta
Banyan Bank, Boca Raton, Florida, (a proposed
new bank). 2/
* * * * *
2/
Application subject to Community Reinvestment Act.
The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2,
1986,
No .
31
13
APPLICATIONS RECEIVED
To Expand a Bank Holding Company Pursuant
to Section 3(a)(1) of the Bank Holding
Act of 1956
Received
Boston
Seashore Bank Shares, Inc., Seabrook, New
Hampshire — for approval to acquire 100
percent of the voting shares of Seabrook Bank
and Trust Company, Seabrook, New Hampshire.
2/
Boston
Suffield Financial Corporation, Suffield,
Connecticut — for approval to acquire 100
percent of the voting shares of Suffield
Savings Bank, Suffield, Connecticut. 2/
Philadelphia
Bryn Mawr Bank Corporation, Bryn Mawr — for
approval to acquire 100 percent of the voting
shares of The Bryn Mawr Trust Company, Bryn
Mawr, Pennsylvania. 2/
Chicago
BNB Bancorp, Inc., — for approval to acquire
100 percent of the voting shares of Belmont
National Bank of Chicago, Chicago, Illinois.
2/
Chicago
First Community Bankshares, Chicago, Illinois
— for approval to acquire 100 percent of the
voting shares of The Farmers Bank, Milton,
Wisconsin. 2/
Chicago
Green Belt Bancorporation, Iowa Falls, Iowa
— for approval to acquire 100 percent of the
voting shares of Green Belt Bank & Trust,
Iowa Falls, Iowa. 2/
Chicago
Hebron Bancshares, Inc., Hebron, Illinois
for approval to acquire at least 90 percent
of the voting shares of Hebron State Bank,
Hebron, Illinois. 2/
Chicago
Mount Vernon Bancorp, Mount Vernon, Iowa
for approval to acquire at least 80 percent
of the voting shares of Mount Vernon Bank and
Trust Company, Mount Vernon, Iowa. 2/
2/
A p p l i c a t i o n s u b j e c t to C o m m u n i t y R e i n v e s t m e n t Act.
The
C o m m u n i t y A f f a i r s O f f i c e r of th e a p p l i c a b l e R e s e r v e B a n k
m a y b e c o n t a c t e d as to t h e l e n g t h o f t h e c o m m e n t p e r i o d .
H.2, 1986, No. 31
14
APPLICATIONS RECEIVED
St. Louis
Cardinal Bancorp, Inc., Washington, Missouri
— for approval to acquire at least 97.55
percent of the voting shares of Citizens
National Bank of Greater St. Louis,
Maplewood, Missouri. 2/
St. Louis
CSB Bancshares, Inc., Louisville, Kentucky
— for approval to acquire Corydon State
Bancorp, Corydon, Indiana and indirectly the
Corydon State Bank, Corydon, Indiana. 2/
St. Louis
Minnesota Valley Financial Services, Inc.,
St. Paul, Minnesota — for approval to
acquire 100 percent of the voting shares of
Courtland State Bank, Courtland, Minnesota.
2/
Kansas City
Sooner Southwest Bankshares, Inc., Bristow,
Oklahoma — for approval to acquire at least
80 percent of the voting shares of Hugo
Bankshares, Inc., Hugo, Oklahoma and
indirectly Security First National Bank of
Hugo, Hugo, Oklahoma, and to acquire at least
80 percent of the voting shares of Community
Bancorporation, Inc., Bristow, Oklahoma and
indirectly Community Bank, Bristow, Oklahoma.
2/
Dallas
Arlington Bancshares, Inc., Arlington, Texas
— for approval to acquire 100 percent of the
voting shares of South Arlington National
Bank, Arlington, Texas, (a proposed new
bank). 2/
Dallas
Eden Financial Corporation, San Angelo, Texas
— for approval to acquire 100 percent of the
voting shares of Eden State Bank, Eden,
Texas. 2/
Dallas
Louise Bancshares, Inc., Louise, Texas —
for approval to acquire 80 percent of the
voting shares of The First State Bank of
Louise, Louise, Texas and First City Bank of
Wallis, Wallis, Texas. 2/
San Francisco
IB Holdings, N.V., Curacao, NA, — for
approval to acquire 100 percent of the voting
shares of Independence Bank, Encino,
California. 2/
2/
Application subject to Community Reinvestment Act.
The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1986, No. 31
15
APPLICATIONS RECEIVED
San Francisco
Independence Bancorporation, Encino,
California — for approval to acquire 100
percent of the voting shares of Independence
Bank, Encino, California. 2/
San Francisco
Independence Holdings Limited, Nassau, New
Providence, BA. — for approval to acquire
100 percent of the voting shares of
Independence Bank, Encino, California. 2/
San Francisco
Maui Bancshares, Inc., Tacoma, Washington —
for approval to acquire 100 percent of the
voting shares of Bank of Maui, National
Association, Kahului, Island of Maui, Hawaii.
2/
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 3 (a)(3) of the Bank Holding
Company Act of 1956
i
Received
New York
First Jersey National Corporation, Jersey
City, New Jersey — for approval to acquire
100 percent of the voting shares of First
National Bancorp in Fort Lee, New Jersey and
indirectly acquire First National Bank in
Fort Lee, Fort Lee, New Jersey. 2/
Philadelphia
CoreStates Financial Corp., Philadelphia,
Pennsylvania — for approval to acquire 100
percent of the voting shares of New Jersey
National Corporation, Ewing Township, New
Jersey and indirectly New Jersey National
Bank, Ewing Township, New Jersey.
Philadelphia
CoreStates Financial Corp., Philadelphia,
Pennsylvania — to acquire Underwood
Mortgage & Title Company, Ewing Township, New
Jersey and New Jersey National Leasing
Company, Ewing Township, New Jersey and one
third of NJNC's non-banking subsidiary,
Bancorps International Trading Company,
Somerset, New Jersey.
Richmond
First Union Corporation, Charlotte, North
Carolina — to acquire 100 percent of the
voting shares of Bank of Waynesboro,
Waynesboro, Georgia. 2/
27
Application subject to Community Reinvestment Act.
The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1986, No. 31
16
APPLICATIONS RECEIVED
Atlanta
Barnett Banks of Florida, Inc., Jacksonville,
Florida — for approval to acquire at least
90 percent of the voting shares of First
National Bank of Live Oak, Live Oak, Florida.
Atlanta
Barnett Banks of Florida, Inc., Jacksonville,
Florida — for approval to acquire Hamilton
County Bank, Jasper, Florida. 2/
Chicago
San Bancorp, Sanborn, Iowa — for approval to
acquire 100 percent of the voting shares of
Milford Bancorporation, Milford, Iowa and
indirectly acquire 97.5 percent of the
Dickinson County Savings Bank, Milford, Iowa.
2/
St. Louis
First Kentucky National Corporation,
Louisville, Kentucky — for approval to
acquire 100 percent of the voting shares of
Mutual Trust Bank, New Albany, Indiana. 2/
St. Louis
Liberty National Bancorp, Inc., Louisville,
Kentucky (formerly Liberty United Bancorp,
Inc.) — to acquire Corydon State Bancorp,
Corydon, Indiana, and indirectly acquire The
Corydon State Bank, Corydon, Indiana. 2/
Minneapolis
Dickey County Bancorporation, Ellendale,
North Dakota — to acquire 89.7 percent of
the voting shares of The First National Bank
of Oakes, Oakes, North Dakota. 2/
Minneapolis
Dickey County Bancorporation, Ellendale,
North Dakota — to acquire 16.1 percent of
the voting shares of Liberty National Bank
and Trust Company, Dickinson, North Dakota.
2/
Kansas City
Southwest Bancshares, Inc., Hermitage,
Missouri — for approval to acquire 90
percent of the voting shares of Buffalo Bank,
Buffalo, Missouri; 90 percent of the voting
shares of First National Bank, Republic,
Missouri; 100 percent of the voting shares
of The Lowry City Bank, Lowry City, Missouri;
98 percent of the voting shares of Citizens
State Bank of Polk County, Fair Play,
27
Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1986, No. 31
17
APPLICATIONS RECEIVED
Missouri; 100 percent of the voting shares of
Osceola Bank, Osceola, Missouri; 100 percent
of the voting shares of Tri-County State Bank
of El Dorado Springs, El Dorado Springs,
Missouri; and 100 percent of the voting
shares of Humansville Bank, Humansville,
Missouri. 2/
Dallas
Metropolitan Bancorporation, Inc.,
Bloomington, Minnesota — for approval to
acquire 89.22 percent of the voting shares of
Metropolitan Bank Plymouth, Plymouth,
Minnesota. 2/
Dallas
United Bankers, Inc., Waco, Texas — for
approval to acquire 100 percent of the voting
shares of First National Bank, Sherman,
Texas. 2/
* * * * *
To Expand a Bank Holding Company Pursuant
to Section 3(a)(5) of the Bank Holding
Company Act of 1956
Received
Minneapolis
The Harlem Corporation, Billings, Montana
for approval to merge with Stevensville
Bancshares, Inc., Billings, Montana and
indirectly acquire First State Bank of
Stevensville, Stevensville, Montana. 2/
—
Dallas
Metropolitan Bancorporation, Inc.,
Bloomington, Minnesota — for approval to
merge with Continental Bancshares, Inc.,
Bloomington, Minnesota and indirectly acquire
Metropolitan Bank St. Paul, St. Paul,
Minnesota. 2/
TO Expand a Bank Holding Company Pursuant
to Section 4(c)(8) of the Bank Holding Company
Act of 1956
Received
New York
27
Citicorp; Bankers Trust New York Corporation;
Application subject to Community Reinvestment Act.
The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1986, No. 31
18
APPLICATIONS RECEIVED
The Chase Manhattan Corporation; Chemical New
York Corporation; Irving Bank Corporation;
Manufacturers Hanover Corporation; and J. P.
Morgan & Co., Incorporated, all located in
New York, New York; The Hong Kong and '
Shanghai Banking Corporation, Hong Kong; HSBC
Holdings B.V., Amsterdam, The Netherlands;
Kellett N.V., Curacao, Netherlands Antilles,
Marine Midland Banks, Incorporated, Buffalo,
New York; Midland Bank PLC, London, England;
BankAmerica Corporation, San Francisco,
First Interstate Bancorp, Los Angeles,
California; Continental Illinois Corporation
and First Chicago Corporation, both located
in Chicago, Illinois — to acquire the shares
of Liberty Brokerage Inc., New York, New York
and to engage in the discount securities
brokerage activities including certain
securities credit and incidental activities.
Atlanta
Florida West Coast Banks, Inc., Venice,
Florida — to engage de novo (performing real
estate appraisals) through its subsidiary,
FWB Appraisers, Inc., Venice, Florida.
(7/31/86)
Atlanta
SunTrust Banks, Inc., Atlanta, Georgia — to
engage de novo (discount securities brokerage
activities including certain securities
credit and incidental activities;
underwriting and dealing in obligations of
the United States, general obligations of
states and political subdivisions, and other
obligations in which state member banks are
authorized to underwrite and deal) through
its subsidiary, SunTrust Securities, Inc.,
Atlanta, Georgia.
(7/29/86)
H.2, 1986, No. 31
19
APPLICATIONS RECEIVED
Dallas
Independent Bancorp, Inc., Channelview, Texas
— to engage de novo (making, acquiring
and/or servicing loans for itself or for
others of the type made by a mortgage
company) through the acquisition of Multibank
Mortgage Corporation of Texas, Houston,
Texas.
(7/28/86)
Dallas
PSB Financial Corporation, Many, Louisiana —
to engage de novo (making, acquiring, and/or
servicing loans for itself or for others of
the type made by a mortgage company) through
the acquisition of PSB Mortgage Corporation,
Many, Louisiana.
(7/29/86)
@FedFRASER