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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
( H . 2 , 1981 No. 3 4 )
A c t i o n s of t h e B o a r d ; A p p l i c a t i o n s and R e p o r t s
R e c e i v e d D u r i n g t h e Week E n d i n g A u g u s t 2 2 ,
APPLICABLE
RESERVE BANK
1981
ACTIONS OF THE BOARD
The F e d e r a l R e s e r v e B o a r d t o d a y e s t a b l i s h e d a new b o r r o w i n g
r a t e f o r e x t e n d e d c r e d i t t o b a n k s and t h r i f t i n s t i t u t i o n s
u n d e r s u s t a i n e d l i q u i d i t y p r e s s u r e s ( A u g u s t 2 0 , 1981)
Atlanta
S o u t h e r n Bank, W a y c r o s s , G e o r g i a , p r o p o s e d m e r g e r w i t h CBI n t e r i m , I n c . , Waycross, Georgia; r e p o r t to the Federal
D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . JL/
At l a n t a
Bank o f M i a m i , M i a m i , F l o r i d a , p r o p o s e d m e r g e r w i t h Le J e u n e
Road B r a n c h of P o p u l a r Bank of F l o r i d a , H i a l e a h , F l o r i d a ;
r e p o r t t o t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on
c o m p e t i t i v e f a c t o r s . \J
Ph i l a d e l p h i a
C i t i z e n s U n i t e d B a n k , N . A . , Vine l a n d , New J e r s e y , p r o p o s e d
m e r g e r w i t h P e o p l e s Bank of S o u t h J e r s e y , C l a y t o n , New J e r s e y ,
u n d e r t h e c h a r t e r o f C i t i z e n s U n i t e d B a n k , N . A . , and w i t h
t h e t i t l e of C i t i z e n s U n i t e d Bank, N a t i o n a l A s s o c i a t i o n ;
r e p o r t t o t h e C o m p t r o l l e r of t h e C u r r e n c y on c o m p e t i t i v e
f a c t o r s . _!_/
San
F r a n c i sco
PC Bank, S a l t
S t a t e Bank,
the l a t t e r ;
o r a t i o n on
Chicago
N o r t h r i d g e B a n k , M i l w a u k e e , W i s c o n s i n , e x t e n s i o n of t i m e t o
November 2 7 , 1981, w i t h i n which t o e s t a b l i s h a b r a n c h a t t h e
i n t e r s e c t i o n of West Brown D e e r Road and N o r t h 8 5 t h S t r e e t ,
M i l w a u k e e , W i s c o n s i n . \J
Atlant a
R a p i d e s Bank & T r u s t Company i n A l e x a n d r i a , A l e x a n d r i a ,
L o u i s i a n a , i n v e s t m e n t i n bank p r e m i s e s . _1/
Ch i c a g o
L a p e e r C o u n t y Bank & T r u s t C o . , L a p e e r , M i c h i g a n , i n v e s t m e n t
i n bank p r e m i s e s . JL/
Chicago
C i t i z e n s F i r s t S t a t e Bank of W a l n u t , W a l n u t , I l l i n o i s ,
ment i n bank p r e m i s e s . 1/
1/ A p p l i c a t i o n p r o c e s s e d
authority.
Lake C i t y , U t a h , p r o p o s e d m e r g e r w i t h S i l v e r King
P a r k C i t y , U t a h , u n d e r t h e c h a r t e r a n d t i t l e of
r e p o r t to t h e F e d e r a l D e p o s i t I n s u r a n c e Corpcompetitive factors. JJ
invest-
on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
H.2, 1981 "4o. 34
ACTIONS OF THE BOARD-Continued
Chicago
Rock I s l a n d Bank, Rock I s l a n d ,
premises. J J
Illinois,
investment
i n bank
Cleveland
K e n t u c k y B a n k - S h a r e s of L e x i n g t o n , I n c . , L e x i n g t o n , K e n t u c k y ,
e x t e n s i o n of t i m e t o November 2 6 , 1981, w i t h i n which t o a c q u i r e Bank of L e x i n g t o n , L e x i n g t o n , K e n t u c k y . _L/
Cleveland
First National Pennsylvania Corporation, Erie, Pennsylvania,
e x t e n s i o n of t i m e t o December 8 , 1981, w i t h i n w h i c h t o a c q u i r e T h e F i r s t N a t i o n a l Bank of P e n n s y l v a n i a , E r i e ,
P e n n s y l v a n i a . \J
Richmond
P i e d m o n t BankGroup I n c o r p o r a t e d , M a r t i n s v i l l e , V i r g i n i a , e x t e n s i o n of t i m e t o O c t o b e r 2 , 1981, w i t h i n which t o a c q u i r e
100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c c e s s o r by m e r g e r
t o The F i r s t N a t i o n a l Bank o f F e r r u m , F e r r u m , V i r g i n i a . If
Atlanta
U n i t e d B a n k s h a r e s , I n c . , Miami, F l o r i d a , e x t e n s i o n of t i m e t o
November 2 5 , 1981, w i t h i n which t o become a bank h o l d i n g
company t h r o u g h t h e a c q u i s i t i o n of U n i t e d N a t i o n a l Bank of
M i a m i , M i a m i , F l o r i d a . 1/
Atlanta
T h i r d N a t i o n a l C o r p o r a t i o n , N a s h v i l l e , T e n m n e s s e , e x t e n s i o n of
t i m e w i t h i n which t o e n g a g e de novo t h r o u g h i t s s u b s i d i a r y ,
T h i r d N a t i o n a l M o r t g a g e Company, i n m o r t g a g e r e l a t e d a c t i v i t i e s . 1/
Kansas C i t v
Mountain F i n a n c i a l S e r v i c e s , I n c . , Denver, Colorado, e x t e n s i o n
of t i m e w i t h i n which t o a c q u i r e S o u t h e a s t N a t i o n a l B a n k ,
D e n v e r , C o l o r a d o , a p r o p o s e d new b a n k . _1/
Dal l a s
Texas American B a n c s h a r e s , I n c . , F o r t Worth, Texas, e x t e n s i o n
of t i m e t o O c t o b e r 2 , 1 9 8 1 , w i t h i n w h i c h t o a c q u i r e C o l l i n
C o u n t y N a t i o n a l Bank o f McKinney, M c K i n n e y , T e x a s . \J
Dal l a s
A m e r i c a n Bank o f C a r l s b a d , C a r l s b a d , New M e x i c o , e x t e n s i o n of
of t i m e t o S e p t e m b e r 1 1 , 1981, w i t h i n which t o open t h e i r
B r a n c h f a c i l i t y a t 2318 West P i e r c e S t r e e t , C a r l s b a d , New
M e x i c o . 1/
Dal l a s
T e x a s Commerce B a n c s h a r e s , I n c . , H o u s t o n , T e x a s , e x t e n s i o n of
t i m e t o December 8 , 1981, w i t h i n which t o consummate and open
T e x a s Commerce Bank-Quorum, N . A . , A d d i s o n , T e x a s . I j
Dal l a s
T e x a s Commerce B a n c s h a r e s , I n c . , H o u s t o n , T e x a s , e x t e n s i o n of
t i m e t o November 2 7 , 1 9 8 1 , w i t h i n w h i c h t o a c q u i r e T e x a s
Commerce B a n k - C l e a r L a k e , N . A . , H o u s t o n , T e x a s , and t o
F e b r u a r y 2 7 , 1982 w i t h i n w h i c h t o open t h e a f o r e m e n t i o n e d
bank f o r b u s i n e s s . 1/
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
authority.
I
H.2,
1981 No. 34
- 3 ACTIONS OF THE BOARD-Continued
To E s t a b l i s h a Domestic Branch P u r s u a n t to S e c t i o n 9
of t h e F e d e r a l R e s e r v e Act
New York
New York
Approved
E u r o p e a n A m e r i c a n Bank & T r u s t Company, New Y o r k , New York. To
e s t a b l i s h a b r a n c h a t 1440 Broadway, New York, New York. _1/
The Bank of New York, New Y o r k . To e s t a b l i s h t h r e e o f f s i t e
e l e c t r o n i c f a c i l i t y o f f i c e s at the f o l l o w i n g l o c a t i o n s :
N o r t h e a s t c o r n e r of Long Beach Road and S t a t i o n P l a z a , I n c o r p o r a t e d V i l l a g e of I s l a n d P a r k , Nassau C o u n t y , New York. JL/
P a r k i n g L o t , N i n e M a l l , 50 f e e t e a s t of New York S t a t e Route 9
and 15 0 f e e t s o u t h of t h e e n t r a n c e t o Nine M a l l , Wappingers
F a l l s , Town of P o u g h k e e p s i e , D u t c h e s s C o u n t y , New York. _1 /
CIBA-GEIGY C o r p o r a t i o n , P h a r m a c e u t i c a l s D i v i s i o n , Old M i l l Road,
I n c o r p o r a t e d V i l l a g e of S u f f e r n , Rockland C o u n t y , New Y o r k . 1/
Philadelphia
G i r a r d Bank, Bala Cynwyd, P e n n s y l v a n i a . To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y a t Laneco M a r k e t , R o u t e 222 and C e d a r
C r e s t B o u l e v a r d , A 1 l e n t o w n , L e h i g h C o u n t y , P e n n s y l v a n i a . _1 /
Richmond
F i r s t V i r g i n i a Bank, F a l l s C h u r c h , V i r g i n i a .
Permission to e s t a b l i s h a b r a n c h a t 6862 Elm S t r e e t , McLean, F a i r f a x County,
Virginia. J7
Chicago
H e n d r i c k s County Bank and T r u s t Company, Brownsburg, I n d i a n a .
To e s t a b l i s h a b r a n c h a t t h e i n t e r s e c t i o n of S t a t e Road 267
and I n t e r s t a t e 7 4 , on l o t number 3 i n Brownsburg S q u a r e
S e c t i o n One, B r o w n s b u r g , I n d i a n a . 2j
San
Francisco
V a l l e y Bank of Nevada, L a s Vegas, N e v a d a . To e s t a b l i s h a b r a n c h
o f f i c e t o be l o c a t e d on U . S . Highway 95 i n t h e C i t y of Beat t y ,
Nye C o u n t y , N e v a d a . _1/
San
Francisco
V a l l e y Bank of Nevada, Las Vegas, N e v a d a . To e s t a b l i s h a b r a n c h
o f f i c e t o be l o c a t e d i n V i r g i n i a C i t y , S t o r e y C o u n t y , Nevada.
J7
Dallas
The F i r s t S t a t e Bank, A b i l e n e , T e x a s . To i n s t a l l r e m o t e a u t o mated t e l l e r f a c i l i t i e s t h r o u g h o u t t h e c i t y of A b i l e n e . 1/
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under d e l e g a t e d
Authority.
H.2,
1981 No.
4 -
34
ACTIONS OF THE BOARD-Continued
I s s u e d I n t e n t Not t o D i s a p p r o v e Change of C o n t r o l
P u r s u a n t t o Change i n Bank C o n t r o l Act of 1978
Chicago
Packwood F i n a n c i a l ,
Not D i s a p p r o v e d
I n c . , Packwood, Iowa
* * * * *
A p p l i c a t i o n s and n o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t m e n t s and O t h e r A c t i o n s P u r s u a n t t o S e c t i o n s 25 and
2 5 ( a ) of t h e F e d e r a l R e s e r v e Act and S e c t i o n s 4 ( c ) ( 9 )
and 4 ( c ) ( 1 3 ) of t h e Bank H o l d i n g Company Act of 1 9 5 6 ,
a s amended
New York
Approved
F i r s t Bank M i n n e a p o l i s I n t e r n a t i o n a l , I n c . , New Y o r k , New Y o r k :
g r a n t s c o n s e n t t o c h a n g e i t s name t o F i r s t I n t e r n a t i o n a l , I n c .
1/
San
Francisco
W e l l s F a r g o Bank, N . A . , San F r a n c i s c o , C a l i f o r n i a :
t o e s t a b l i s h a b r a n c h i n Hong Kong.
*
*
*
*
no o b j e c t i o n
*
To Form a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank H o l d i n g Company Act of 1956
Minneapolis
Withdrawn
G u a r a n t y S t a t e H o l d i n g Company, S t . P a u l , M i n n e s o t a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 9 6 . 6 p e r c e n t of t h e v o t i n g s h a r e s
G u a r a n t y S t a t e Bank of S t . P a u l , S t . P a u l , M i n n e s o t a .
Kansas C i t y
Lawton F i n a n c i a l C o r p . , L a w t o n , O k l a h o m a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s o f C i t i z e n s
Bank, L a w t o n , O k l a h o m a .
Kansas C i t y
P e r s h i n g N a t i o n a l B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , f o r
a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s
of C i v i c P l a z a N a t i o n a l Bank of K a n s a s C i t y , K a n s a s C i t y ,
Missouri.
V A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
authority.
H.2,
1981 No. 34
- 5 ACTIONS OF THE BOARD-Continued
New York
Approved
N o r t h F o r k B a n c o r p o r a t i o n , I n c . , M a t t i t u c k , New Y o r k , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e
s u c c e s s o r by merger t o The N o r t h F o r k Bank and T r u s t Company,
M a t t i t u c k , New Y o r k . \ J
Atlanta
F i r s t National Financial Corp., Athens, Georgia, for approval t o
a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l
Bank of A t h e n s , A t h e n s , G e o r g i a . _1/
Atlanta
Lake A r e a B a n c s h a r e s , I n c . , H a w t h o r n e , F l o r i d a , f o r a p p r o v a l t o
a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of A r e a S t a t e Bank, H a w t h o r n e ,
F l o r i d a . XJ
Atlanta
Twin C i t i e s F i n a n c i a l S e r v i c e s , I n c . , M a r y v i l l e , T e n n e s s e e , f o r
a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e
s u c c e s s o r by m e r g e r t o C i t i z e n s Bank of B l o u n t C o u n t y ,
Maryville, Tennessee. \ j
Chicago
A r l i n g t o n Bancorp, I n c . , A r l i n g t o n Heights, I l l i n o i s , f o r app r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of
S u b u r b a n N a t i o n a l Bank of A r l i n g t o n H e i g h t s , A r l i n g t o n
H e i g h t s , I l l i n o i s , a proposed new b a n k .
Chicago
Brooklyn B a n k s h a r e s , I n c . , Brooklyn, Wisconsin, f o r approval t o
a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of B r o o k l y n
S t a t e Bank, B r o o k l y n , W i s c o n s i n , 1/
Chicago
CTS B a n c o r p o r a t i o n , E l d r i d g e , Iowa, f o r a p p r o v a l t o a c q u i r e a t
l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of C e n t r a l T r u s t and
S a v i n g s B a n k , E l d r i d g e , Iowa. _1/
Chicago
G r e e n f i e l d Bancshares, I n c . , G r e e n f i e l d , I n d i a n a , f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s '
q u a l i f y i n g s h a r e s ) of t h e s u c c e s s o r by m e r g e r to G r e e n f i e l d
Banking Company, G r e e n f i e l d , I n d i a n a . J J
Chicago
L y t t o n B a n c o r p o r a t i o n , L y t t o n , Iowa, f o r approval to a c q u i r e
a t l e a s t 9 8 . 8 p e r c e n t of t h e v o t i n g s h a r e s of Lyt ton S a v i n g s
Bank, L y t t o n , I o w a . JLj
Chicago
The P e o p l e s B a n c s h a r e s C o r p o r a t i o n , P o r t l a n d , I n d i a n a , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s
d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e s u c c e s s o r by merger t o
The P e o p l e s Bank, P o r t l a n d , I n d i a n a . J J
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors u n d e r d e l e g a t e d
authority.
H.2,
1981 Mo. 34
- 6 ACTIONS OF THE BOARD-Continued
Kansas City
F i r s t S t a t e F i n a n c i a l C o r p o r a t i o n , L a m e d , Kansas, for approval
t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t
S t a t e Bank & T r u s t Company of L a r n e d , L a m e d , K a n s a s . J J
Kansas City
Rupp B a n c s h a r e s , I n c . , H a y s , K a n s a s , f o r a p p r o v a l t o a c q u i r e a t
l e a s t 8 7 . 5 p e r c e n t of t h e v o t i n g s h a r e s of The F a r m e r s N a t i o n a l
Bank of V i c t o r i a , V i c t o r i a , K a n s a s . 1/
San
Francisco
C a n a d i a n Commercial Bank, E d m o n t o n , A l b e r t a , C a n a d a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 4 0 . 1 2 p e r c e n t of t h e v o t i n g s h n r e s
of W e s t l a n d s B a n k , S a n t a Ana, C a l i f o r n i a .
San
Francisco
CC3 B a n c o r p , I n c . , Los A n g e l e s , C a l i f o r n i a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 4 0 . 1 2 p e r c e n t of t h e v o t i n g s h a r e s of W e s t l a n d s
B a n k , S a n t a Ana, C a l i f o r n i a .
San
Francisco
Pimet Sound B a n c o r p , Tacoma, W a s h i n g t o n , f o r a p p r o v a l t o a c q u i r e
100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by m e r g e r t o
P u g e t Sound N a t i o n a l Bank, T a c o m a , W a s h i n g t o n . 1/
San
Francisco
SC B a n c o r p , Downey, C a l i f o r n i a , f o r a p p r o v a l t o a c q u i r e 100 p e i c e n t of t h e v o t i n g s h a r e s of Bank of Downey, Downev, C a l i f o r n n i a .
1/
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*
To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 3 ) of t h e Bank H o l d i n g Company Act of 1956
Chicago
Approved
Cary-Crove Bancorp, I n c . , Cary, I l l i n o i s , for approval to acq u i r e up t o 1 4 . 9 p e r c e n t of t h e v o t i n g s h a r e s of A r l i n g t o n
B a n c o r p , I n c . , A r l i n g t o n H e i g h t s , I l l i n o i s , and i n d i r e c t l y 80
p e r c e n t o r m o r e of t h e v o t i n g s h a r e s of S u b u r b a n N a t i o n a l
Bank of A r l i n g t o n H e i g h t s , A r l i n g t o n H e i g h t s , I l l i n o i s , a
p r o p o s e d new b a n k .
Chicago
E l k Grove B a n c o r p , I n c . , E l k Grove V i l l a g e , I l l i n o i s , f o r a p p r o v a l t o a c q u i r e up t o 1 4 . 9 p e r c e n t of t h e v o t i n g s h a r e s of
A r l i n g t o n B a n c o r p , I n c . , A r l i n g t o n H e i g h t s , I l l i n o i s , and i n d i r e c t l y 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of S u b u r b a n
N a t i o n a l Bank o f A r l i n g t o n H e i g h t s , A r l i n g t o n H e i g h t s ,
I l l i n o i s , a p r o p o s e d new b a n k .
Chicago
Hoffman Bancorp, I n c . , Hoffman E s t a t e s , I l l i n o i s , f o r a p p r o v a l
t o a c q u i r e up t o 1 4 . 9 p e r c e n t of t h e v o t i n g s h a r e s of A r l i n g t o n
\J
A p p l i c a t i o n p r o c e s s e d on b e h a l f of
authority.
t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
I
H.2,
1481 No. 34
- 7 ACTIONS OF THE BOARD-Continued
B a n c o r p , I n c . , A r l i n g t o n H e i g h t s , I l l i n o i s , and i n d i r e c t l y
80 p e r c e n t o r more of t h e v o t i n g s h a r e s of S u b u r b a n N a t i o n a l
Bank of A r l i n g t o n H e i g h t s , A r l i n g t o n H e i g h t s , I l l i n o i s , a
p r o p o s e d new b a n k .
Chicago
Meadows B a n k c o r p , I n c . , R o l l i n g Meadows, I l l i n o i s , f o r a p p r o v a l t o a c q u i r e up t o 1 4 . 9 p e r c e n t of t h e v o t i n g s h a r e s of
A r l i n g t o n B a n c o r p , I n c . , A r l i n g t o n H e i g h t s , I l l i n o i s , and i n d i r e c t l y 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of S u b u r b a n
N a t i o n a l Bank of A r l i n g t o n H e i g h t s , A r l i n g t o n H e i g h t s ,
I l l i n o i s , a p r o p o s e d new b a n k .
Chicago
Subpal Bancorp, I n c . , P a l a t i n e , I l l i n o i s , f o r approval t o a c q u i r e up t o 1 4 . 9 p e r c e n t of t h e v o t i n g s h a r e s of A r l i n g t o n
B a n c o r p , I n c . , A r l i n g t o n H e i g h t s , I l l i n o i s , and i n d i r e c t l y
80 p e r c e n t o r more of t h e v o t i n g s h a r e s of S u b u r b a n N a t i o n a l
Bank of A r l i n g t o n H e i g h t s , A r l i n g t o n H e i g h t s , I l l i n o i s , a
p r o p o s e d new b a n k .
Suburban Bancorp, I n c . , P a l a t i n e , I l l i n o i s , f o r approval to acq u i r e up t o 1 4 . 9 p e r c e n t of t h e v o t i n g s h a r e s of A r l i n g t o n
B a n c o r p , I n c . , A r l i n g t o n H e i g h t s , I l l i n o i s , and i n d i r e c t l y
80 p e r c e n t o r more of t h e v o t i n g s h a r e s of S u b u r b a n N a t i o n a l
Bank of A r l i n g t o n H e i g h t s , A r l i n g t o n H e i g h t s , I l l i n o i s , a
p r o p o s e d new b a n k .
Chicago
Woodfield Bancorp, I n c . , Schaumburg, I l l i n o i s , f o r approval to
a c q u i r e up t o 1 4 . 9 p e r c e n t of t h e v o t i n g s h a r e s of A r l i n g t o n
B a n c o r p , I n c . , A r l i n g t o n H e i g h t s , I l l i n o i s , and i n d i r e c t l y
80 p e r c e n t o r more of t h e v o t i n g s h a r e s of S u b u r b a n N a t i o n a l
Bank of A r l i n g t o n H e i g h t s , A r l i n g t o n H e i g h t s , I l l i n o i s , a
p r o p o s e d new b a n k .
Chicago
Michigan National Corporation, Bloomfield H i l l s , Michigan, for
a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e
s u c c e s s o r by C o n s o l i d a t i o n t o The M i d w e s t Bank, J a c k s o n ,
M i c h i g a n . _V
Chicago
S e c u r i t y N a t i o n a l C o r p o r a t i o n , Sioux C i t y , Iowa, f o r approval
t o a c q u i r e a t l e a s t 97 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t
N a t i o n a l Bank of A k r o n , A k r o n , I o w a . JV
S t . Louis
Union P l a n t e r s C o r p o r a t i o n , Memphis, T e n n e s s e e , f o r a p p r o v a l
t o a c q u i r e a t l e a s t 95 p e r c e n t of t h e v o t i n g s h a r e s of Union
P l a n t e r s Bank of N a s h v i l l e , N a s h v i l l e , T e n n e s s e e , a p r o p o s e d
new b a n k . I J
Minneapolis
National City B a n c o r p o r a t i o n , Minneapolis, Minnesota, f o r app r o v a l t o a c q u i r e 85 p e r c e n t of t h e v o t i n g s h a r e s of N a t i o n a l
C i t y Bank of R i d g e d a l e , M i n n e t o n k a , M i n n e s o t a . _1/
1/ A p p l i c a t i o n p r o c e s s e d
authority.
on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
i
H.2,
1981 No. 34
- 8 ACTIONS OF THE BOARD-Continued
Dallas
Texas American B a n c s h a r e s I n c . , Fort Worth, T e x a s , f o r a p p r o v a l
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s o f F o n d r e n S o u t h w e s t Bank, H o u s t o n , T e x a s .
* * * * *
To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 5 ) of t h e Bank H o l d i n g Company Act of 1956
Boston
New E n g l a n d M e r c h a n t s Company, I n c . , B o s t o n , M a s s a c h u s e t t s , f o r
a p p r o v a l t o merge w i t h T.N.B. F i n a n c i a l C o r p . , S p r i n g f i e l d ,
M a s s a c h u s e t t s and t h e r e b y i n d i r e c t l y a c q u i r e 100 p e r c e n t of
t h e v o t i n g s h a r e s of T h i r d N a t i o n a l Bank o f Hampden C o u n t y ,
S p r i n g f i e l d , M a s s a c h u s e t t s ; Ware T r u s t Company, Ware,
M a s s a c h u s e t t s ; W i l l i a m s town N a t i o n a l Bank, W i l l i a m ; : m ,
M a s s a c h u s e t t s ; The F i r s t N a t i o n a l Bank of At h o i , A t h o i ,
Massachusetts; Pioneer National Bank-Franklin, G r e e n f i e l d ,
M a s s a c h u s e t t s ; and P i o n e e r N a t i o n a l B a n k - H a m p s h i r e ,
Northampton, Massachusetts.
*
*
*
*
*
To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
4 ( c ) ( 8 ) o f t h e Bank H o l d i n g Company Act o f 1956
New York
San
Francisco
Returned
D e u t s c h e Bank AG, F r a n k f u r t , Germany, r e q u e s t s p e r m i s s i o n
t o expand t h e a c t i v i t i e s of an e x i s t i n g o f f i c e t o i n c l u d e
the following a c t i v i t i e s (performing incidental s e c u r i t i e s
c u s t o d i a l s e r v i c e s f o r a l i m i t e d g r o u p of A t l a n t i c C a p i t a l
Corporation's brokerage c l i e n t s , primarily foreign f i nancial i n s t i t u t i o n s doing b u s i n e s s in the United S t a t e s
w i t h i t s U . S . s u b s i d i a r y ) a t 40 Wall S t r e e t , New Y o r k ,
New Y o r k , t h r o u g h i t s s u b s i d i a r y , A t l a n t i c C a p i t a l C o r p o r a t i o n ( 8 / 2 1 / 8 1 ) 3/
Withdrawn
I m p e r i a l B a n c o r p , I n g l e w o o d , C a l i f o r n i a , n o t i f i c a t i o n of
i n t e n t t o e n g a g e i n de novo a c t i v i t i e s ( a c t i n g a s an
a c c o m m o d a t i o n p a r t y i n S t a r k e r d e l a y e d e x c h a n g e s of
r e a l e s t a t e ; t h e Company's a c t i v i t i e s w i l l c o n s i s t of
3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of
of G o v e r n o r s u n d e r d e l e g a t e d a u t h o r i t y .
t h e Board
H.2,
1981 No. 34
- 9 ACTIONS OF THE BOARD-Cont:inued
e n t e r i n g i n t o delayed r e a l e s t a t e exchange agreements
w i t h o w n e r s of p r o p e r t y w i s h i n g t o e x c h a n g e t h e i r p r o p e r t y f o r o t h e r p r o p e r t y ) a t 9920 S. La C i e n e g a B o u l e v a r d ,
Inglewood, C a l i f o r n i a , through a wholly-owned s u b s i d i a r y ,
I m p e r i a l E x c h a n g e S e r v i c e s , I n c . ( 8 / 2 1 / 8 1 ) _3/
San
Francisco
New York
New York
Approved
C a n a d i a n C o m m e r i c a l B a n k , Edmonton, A l b e r t a , C a n a d a , f o r a p p r o v a l t o e n g a g e i n t h e m o r t g a g e b a n k i n g a c t i v i t i e s of making
a c q u i r i n g a n d s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s o f c r e d i t
s e c u r e d by r e a l e s t a t e m o r t g a g e s and d e e d s of t r u s t t h r o u g h a
w h o l l y - o w n e d C a l i f o r n i a s u b s i d i a r y , CCB R e a l t y , I n c . , Los
A n g e l e s , C a l i f o r n i a . _1/
Permitted
The C h a s e M a n h a t t a n C o r p o r a t i o n , New Y o r k , New Y o r k ,
r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e
e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g f o r i t s own a c c o u n t and f o r t h e a c c o u n t of o t h e r s ,
s e c u r e d l o a n s and o t h e r e x t e n s i o n s of c r e d i t i n c l u d i n g ,
b u t n o t l i m i t e d t o , c o n s u m e r and b u s i n e s s l i n e s of c r e d i t ,
i n s t a l l m e n t l o a n s f o r p e r s o n a l , h o u s e h o l d and b u s i n e s s
p u r p o s e s , s e r v i c i n g of l o a n s and o t h e r e x t e n s i o n s of
c r e d i t ; t h e s a l e of t r a v e l e r s c h e c k s a t r e t a i l ; and
a c t i n g as insurance agent f o r c r e d i t l i f e , d i s a b i l i t y
and p r o p e r t y i n s u r a n c e d i r e c t l y r e l a t e d t o such l e n d i n g
and s e r v i c i n g a c t i v i t i e s ) a t 4 3 1 3 La J o 1 l a V i l l a g e D r i v e ,
San D i e g o , C a l i f o r n i a , s e r v i n g t h e S t a t e o f C a l i f o r n i a ,
t h r o u g h i t s s u b s i d i a r y , Chase M a n h a t t a n F i n a n c i a l S e r v i c e s , Inc. (8/19/81) 3/
The C h a s e M a n h a t t a n C o r p o r a t i o n , New Y o r k , New Y o r k ,
r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a die n o v o o f f i c e
e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own a c c o u n t o r f o r t h e a c c o u n t of o t h e r s ,
l o a n s and o t h e r e x t e n s i o n s of c r e d i t such as would be
made b y a c o m m e r c i a l f i n a n c e , e q u i p m e n t f i n a n c e o r
f a c t o r i n g company, i n c l u d i n g f a c t o r i n g a c c o u n t s
r e c e i v a b l e , m a k i n g a d v a n c e s and o v e r - a d v a n c e s on
r e c e i v a b l e s and i n v e n t o r y and b u s i n e s s i n s t a l l m e n t
l e n d i n g as w e l l as unsecured commercial l o a n s ; s e r v i c i n g
l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; l e a s i n g on a f u l l
p a y o u t b a s i s p e r s o n a l p r o p e r t y o r a c t i n g as a g e n t , b r o k e r
or a d v i s e r in l e a s i n g such p r o p e r t y , i n c l u d i n g t h e l e a s i n g o f m o t o r v e h i c l e s ) a t 5445 M a r i n e r S t r e e t , Tampa,
F l o r i d a , t h r o u g h i t s s u b s i d i a r y , Chase C o m m e r c i a l C o r p o r a t i o n (8/21/81) 3/
3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of
of G o v e r n o r s u n d e r d e l e g a t e d a u t h o r i t y .
t h e Board
H.2,
1981 No. 34
- 1 0 -
ACTIONS OF THE BOARD-Continued
New York
C i t i c o r p , New Y o r k , New Y o r k , t o expand t h e a c t i v i t i e s of two
e x i s t i n g o f f i c e s t o i n c l u d e ( t h e s a l e of c r e d i t - r e l a t e d
s i n g l e i n t e r e s t i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y agreement with C i t i c o r p P e r s o n - t o P e r s o n F i n a n c i a l C e n t e r , I n c . , t o the e x t e n t p e r m i s s i b l e under
a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e p r e v i o u s l y
approved s e r v i c e a r e a for both o f f i c e s comprises the e n t i r e
S t a t e of V i r g i n i a f o r a l l of t h e p r e v i o u s l y a p p r o v e d a c t i v i t i e s e x c e p t t h e s a l e of s i n g l e i n t e r e s t i n s u r a n c e ; t h e s e r v i c e
a r e a f o r t h a t a c t i v i t y w i l l a l s o be t h e S t a t e of V i r g i n i a ) a t
101 B u f o r d Road, R i c h m o n d , V i r g i n i a , and 5718 E. V i r g i n i a Beach
Boulevard, Norfolk, V i r g i n i a , through i t s s u b s i d i a r y , C i t i c o r p
P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ( 8 / 1 9 / 8 1 ) _3/
New York
C i t i c o r p , New Y o r k , New Y o r k , r e q u e s t s p e r m i s s i o n t o expand
t h e a c t i v i t i e s of e x i s t i n g o f f i c e s t o i n c l u d e a c t i v i t i e s
( m a k i n g , a c q u i r i n g and s e r v i c i n g , f o r i t s own a c c o u n t and
f o r t h e a c c o u n t of o t h e r s , e x t e n s i o n s of c r e d i t s e c u r e d by
l i e n s on r e s i d e n t i a l r e a l e s t a t e ; p r e v i o u s l y a p p r o v e d a c t i v i t i e s of t h e s e o f f i c e s a r e t h e m a k i n g , a c q u i r i n g and s e r v i c i n g
of e x t e n s i o n s of c r e d i t s e c u r e d by s e c o n d l i e n s on r e s i d e n t i a l
r e a l e s t a t e ; t h e p r e v i o u s l y a p p r o v e d s e r v i c e a r e a s of t h e
o f f i c e s , c o m p r i s e d of t h e e n t i r e S t a t e of C a l i f o r n i a , would
be t h e same f o r t h e new a c t i v i t i e s ) a t 6772-A M a g n o l i a
A v e n u e , R i v e r s i d e , C a l i f o r n i a and Van Nuys C e n t e r B u i l d i n g ,
5430 Van Nuys B o u l e v a r d , S u i t e 2 0 4 , Van Nuys, C a l i f o r n i a ,
t h r o u g h i t s s u b s i d i a r y , C i t i c o r p Homeowners, I n c . ( 8 / 1 9 / 8 1 )
3/
New York
C i t i c o r p , New Y o r k , New Y o r k , r e q u e s t s p e r m i s s i o n t o expand
t h e a c t i v i t i e s of f o u r e x i s t i n g o f f i c e s a n d t o e x p a n d t h e
s e r v i c e a r e a s of t h r e e of t h e s e o f f i c e s t o i n c l u d e ( m a k i n g ,
a c q u i r i n g a n d s e r v i c i n g f o r i t s own a c c o u n t a n d f o r t h e
a c c o u n t of o t h e r s , of e x t e n s i o n s of c r e d i t s e c u r e d by
l i e n s on r e s i d e n t i a l r e a l e s t a t e ; t h e p r e v i o u s l y a p p r o v e d
a c t i v i t i e s of t h e o f f i c e s i n c l u d e t h e o r i g i n a t i n g f o r i t s
own a c c o u n t a n d t h e a c c o u n t of o t h e r s , of o n e - t o - f o u r f a m i l y
r e s i d e n t i a l m o r t g a g e l o a n s ; t h e Denver o f f i c e a l s o engages
i n t h e m a k i n g , a c q u i r i n g a n d s e r v i c i n g of e x t e n s i o n s of
c r e d i t s e c u r e d by s e c o n d l i e n s on r e s i d e n t i a l r e a l e s t a t e ;
t h e s e r v i c e a r e a would be e x p a n d e d a s f o l l o w s :
Denver,
C o l o r a d o t o i n c l u d e a l l of C o l o r a d o , C a l i f o r n i a , W a s h i n g t o n ,
O r e g o n , A r i z o n a , U t a h , I d a h o , N e v a d a , M o n t a n a , Wyoming and
Texas; A t l a n t a , G e o r g i a to i n c l u d e South C a r o l i n a , F l o r i d a ,
D i s t r i c t o f C o l u m b i a , V i r g i n i a , M a r y l a n d and New J e r s e y ;
3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of
of G o v e r n o r s u n d e r d e l e g a t e d a u t h o r i t y .
t h e Board
H.2,
1981 No. 34
-
11 -
ACTIONS OF THE BOARD-Qontinued
and Dal la s T e x ^ s to i n c l u d e New M e x i c o , O k l a h o m a , A r k a n s a s
L o u i s i a n a , N o r t h D a k o t a , S o u t h D a k o t a , K a n s a s , N e b r a s k a and
C o l o r a d o ) a t One T a r m a r a c S q u a r e , 7555 E a s t Hampden A v e n u e ,
D e n v e r , C o l o r a d o ; 219 P e r i m e t e r C e n t e r P a r k w a y , S u i t e 100,
A t l a n t a , G e o r g i a ; Regency C e n t e r I I , 5501 LBJ F r e e w a y ,
S u i t e 123 D a l l a s , D a l l a s , T e x a s ; and 7535 L i t t l e R i v e r
T u r n p i k e , S u i t e 3 2 0 , A n n a d a l e , V i r g i n i a , t h r o u g h i t s s u b s id
i a r y , C i t i c o r p Homeowners. I n c . ( 8 / 1 9 / 8 1 ) _3/
Chicago
M i d - C o n t i n e n t a l B a n c o r p o r a t i o n , I n c . , Milwaukee, Wisconsin,
n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de novo a c t i v i t i e s
( i n t h e s a l e of i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s
of c r e d i t i n c l u d i n g c r e d i t l i f e , m o r t g a g e l i f e , m o r t g a g e
d i s a b i l i t y , a u t o m o b i l e , h o m e o w n e r s , unemployment and l o s s
of income i n s u r a n c e ) a t 3315 West V i l l a r d A v e n u e , M i l w a u k e e
131 West L a y t o n A v e n u e , M i l w a u k e e ; 7600 West Hampton Avenue
M i l w a u k e e ; and 735 West W i s c o n s i n , M i l w a u k e e , a l l l o c a t e d i
W i s c o n s i n , s e r v i n g the m e t r o p o l i t a n Milwaukee a r e a , through
i t s s u b s i d i a r y , C o n t i n e n t a l Banks I n s u r a n c e S e r v i c e s , I n c .
(8/18/81) V
San
F r a n c i sco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de novo a c t i v i t i e s (maki n g o r a c q u i r i n g f o r i t s own a c c o u n t l o a n s and o t h e r e x t e n s i o n s of c r e d i t such a s would b e made o r a c q u i r e d by
a f i n a n c e company, s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s
of c r e d i t and o f f e r i n g c r e d i t r e l a t e d l i f e , c r e d i t r e l a t e d
a c c i d e n t and h e a l t h and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e ;
such a c t i v i t i e s w i l l i n c l u d e , b u t n o t be l i m i t e d t o , making consumer i n s t a l l m e n t l o a n s ; p u r c h a s i n g i n s t a l l m e n t
s a l e s f i n a n c e c o n t r a c t s ; m a k i n g l o a n s and o t h e r e x t e n s i o n s
of c r e d i t t o s m a l l b u s i n e s s e s ; making l o a n s and o t h e r
e x t e n s i o n s of c r e d i t s e c u r e d by r e a l and p e r s o n a l p r o p e r t y ; and o f f e r i n g c r e d i t r e l a t e d l i f e , c r e d i t r e l a t e d
a c c i d e n t a n d h e a l t h and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d
by F i n a n c e A m e r i c a Consumer D i s c o u n t Company) a t W h i t e p a i n
S h o p p i n g C e n t e r , 1500 DeKalb P i k e , U . S . 202, N o r r i s t o w n ,
P e n n s y l v a n i a , s e r v i n g t h e e n t i r e S t a t e of P e n n s y l v a n i a ,
t h r o u g h i t s i n d i r e c t s u b s i d i a r y , F i n a n c e A m e r i c a Consumer
D i s c o u n t Company ( a P e n n s y l v a n i a C o r p o r a t i o n ) ( 8 / 2 1 / 8 1 ) 3 /
San
Francisco
I m p e r i a l B a n c o r p , I n g l e w o o d , C a l i f o r n i a , n o t i f i c a t i o n of
i n t e n t t o e n g a g e i n de novo a c t i v i t i e s ( p r o v i d i n g b o o k k e e p i n g o r d a t a p r o c e s s i n g s e r v i c e s and s t o r i n g and
3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of
of G o v e r n o r s u n d e r d e l e g a t e d a u t h o r i t y .
t h e Board
H.2,
1 9 8 1 No.
34
-
12
-
ACTIONS OF THE BOARD-Continued
p r o c e s s i n g o t h e r b a n k i n g , f i n a n c i a l , o r r e l a t e d economic
d a t a and management c o n s u l t i n g a d v i c e t o n o n a f f i l i a t e d
banks; through I m p e r i a l Data R e s o u r c e s - V i r g i n i a , I n c .
( " I D R - V A " ) , a company s u b s t a n t i a l l y owned and c o n t r o l l e d by
a w h o l l y - o w n e d s u b s i d i a r y of I m p e r i a l B a n c o r p , I m p e r i a l
Data R e s o u r c e s , I n c . ( " I D R " ) ; i n a d d i t i o n , IDR w i l l o p e r a t e
a wholly-owned s u b s i d i a r y , I m p e r i a l Data Resources S e r v i c e s ,
I n c . ("IDR S e r v i c e s " ) which w i l l p r o v i d e s e r v i c e s t o o r
p e r f o r m s e r v i c e s f o r I m p e r i a l B a n c o r o and i t s s u b s i d i a r i e s
as w e l l as p r o v i d i n g bookkeeping or d a t a p r o c e s s i n g s e r v i c e s
and s t o r i n g and p r o c e s s i n g o t h e r b a n k i n g , f i n a n c i a l o r
r e l a t e d economic d a t a ) IDR's a c t i v i t i e s a r e h e a d q u a r t e r e d
and t h e e x e c u t i v e o f f i c e s a r e l o c a t e d a t 9920 S o . La C i e n e g a
B o u l e v a r d , I n g l e w o o d , C a l i f o r n i a ; IDR-VA's a c t i v i t i e s w i l l
be c o n d u c t e d t h r o u g h o u t t h e S t a t e of V i r g i n i a from a n o f f i c e
l o c a t e d a t 9 6 0 7 Gayton Road, Richmond, V i r g i n i a and IDR
S e r v i c e s w i l l conduct i t s a c t i v i t i e s throughout the S t a t e
of C a l i f o r n i a f r o m an o f f i c e l o c a t e d a t 11407 S o u t h W e s t e r n
A v e n u e , Los A n g e l e s , C a l i f o r n i a ( 8 / 2 1 / 8 1 ) _3/
San
Francisco
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de n o v o a c t i v i t i e s
( m a k i n g o r a c q u i r i n g f o r i t s own a c c o u n t o r f o r t h e
a c c o u n t of o t h e r s , l o a n s and e x t e n s i o n s of c r e d i t , i n c l u d i n g making consumer i n s t a l l m e n t p e r s o n a l l o a n s ,
p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ,
making l o a n s t o s m a l l b u s i n e s s e s and o t h e r e x t e n s i o n s
of c r e d i t such a s would be made by a f a c t o r i n g company
o r a c o n s u m e r f i n a n c e company) a t 990 W a s h i n g t o n S t r e e t ,
Dedham, M a s s a c h u s e t t s , s e r v i n g t h e S t a t e of M a s s a c h u s e t. t s ,
through i t s s u b s i d i a r v , S e c u r i t y P a c i f i c Finance Corp.
( 8 / 2 1 / 8 1 ) J3/
San
Francisco
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de n o v o a c t i v i t i e s
( m a k i n g , a c q u i r i n g and s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; s e l l i n g and i s s u i n g i n v e s t m e n t c e r t i f i c a t e s ; and a c t i n g a s a g e n t f o r t h e s a l e of c r e d i t r e l a t e d l i f e , c r e d i t r e l a t e d a c c i d e n t a n d h e a l t h and c r e d i t
r e l a t e d p r o p e r t y i n s u r a n c e , a l l a s a u t h o r i z e d by C a l i f o r n i a law) i n t h e c i t y of E n c i n o , C a l i f o r n i a , s e r v i n g
t h e S t a t e of C a l i f o r n i a , t h r o u g h i t s s u b s i d i a r y , S e c u r i t y
P a c i f i c F i n a n c e Money C e n t e r I n c . ( 8 / 2 1 / 8 1 ) 3 /
3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of
of G o v e r n o r s u n d e r d e l e g a t e d a u t h o r i t y .
t h e Board
H.2,
1981 No. 34
- 13 ACTIONS OF THE BOARD-Continued
A p p r o v a l , P u r s u a n t to D e l e g a t e d A u t h o r i t y , of a M o d i f i c a t i o n of t h e P l a n - L e n d e r Repayment S c h e d u l e P r o v i d e d
For i n R e g u l a t i o n G, 12 CFR § 2 0 7 . 4 ( a ) ( 2 ) ( i i ) .
P u r s u a n t t o R e g u l a t i o n G and t h e B o a r d ' s r u l e s on d e l e g a t i o n of
a u t h o r i t y , t h e D i r e c t o r of t h e D i v i s i o n of B a n k i n g S u p e r v i s i o n
and R e g u l a t i o n h a s a p p r o v e d t h e a p p l i c a t i o n of t h e H o t e l I n v e s t o r s C o r p o r a t i o n f o r r e l i e f from t h e d e f i c i e n c y repayment
s c h e d u l e s p e c i f i e d i n t h e p l a n - l e n d e r p r o v i s i o n s of R e g u l a t i o n
G, (12 CFR § 2 0 7 . 4 ( a ) ( 2 ) ( i i ) ) .
H.2,
1981 No. 34
— 14 ~
APPLICATIONS RECEIVED
To E s t a b l i s h a D o m e s t i c B r a n c h P u r s u a n t
9 of t h e F e d e r a l R e s e r c e Act
to S e c t i o n
New York
The Bank of New Y o r k , New Y o r k , New Y o r k .
To e s t a b l i s h an
e l e c t r o n i c b r a n c h a t Kenmore Mercy H o s p i t a l , 2950 Elmwood
A v e n u e , I n c o r p o r a t e d V i l l a g e of Kenmore, E r i e C o u n t y , New
Y o r k . If
New York
C h e m i c a l Bank, New Y o r k , New Y o r k .
R e q u e s t s p e r m i s s i o n to e s t a b l i s h a branch o f f i c e a t t h e United Jewish Appeal Headq u a r t e r s , 130 E a s t 5 9 t h S t r e e t , F o u r t h F l o o r , Borough of
M a n h a t t a n , C i t y of New Y o r k . 2f
San
Francisco
I r e l a n d Bank, Maad C i t y , I d a h o .
B r a n c h o f f i c e t o be l o c a t e d
P r e s t o n , F r a n k l i n County, Idaho. 2/
San
F r a n c i sco
County Bank o f S a n t a C r u z , S a n t a C r u z , C a l i f o r n i a .
Branch
o f f i c e i n t h e v i c i n i t y of G r e e n V a l l e y Road and Main S t r e e t
(Highway 1 5 2 ) , W a t s o n v i l l e , S a n t a C r u z C o u n t y , C a l i f o r n i a . 2/
* * * * *
To Become a Member of t h e F e d e r a l R e s e r v e S y s t e m
P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l R e s e r v e Act
Philadelphia
Morgan Bank ( D e l a w a r e ) , W i l m i n g t o n , D e l a w a r e . If
Philadelphia
The Bank o f A t l a n t i c C i t y , A t l a n t i c C i t y , New J e r s e y . 2 /
Chicago
M i c h i g a n Bank - P o r t H u r o n , P o r t H u r o n , M i c h i g a n . 2f
Dallas
F i r s t S t a t e B a n k , Grand P r a i r i e , T e x a s . 2J
Dallas
C i t i z e n s Bank & T r u s t , M a n v e l , T e x a s . 2 /
If
A p p l i c a t i o n s u b j e c t t o community R e i n v e s t m e n t A c t .
The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d
a s t o t h e l e n g t h of t h e comment p e r i o d .
in
H.2,
1981 No.
34
- 1 5 APPLICATIONS RECEIVED-Continued
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t m e n t ^ and O t h e r A c t i o n s P u r s u a n t t o S e c t i o n 25 and
2 5 ( a ) of t h e F e d e r a l R e s e r v e Act and S e c t i o n s 4 ( c ) ( 9 )
anjd 4 ( c ) ( 1 3 ) of t h e Bank H o l d i n g Company Act of 1956
as* amended
New York
B a n k e r s I n t e r n a t i o n a l C o r p o r a t i o n , New Y o r k , New York: r e q u e s t s
consent to (1) approve, a f t e r the f a c t , i t s i n d i r e c t i n v e s t m e n t , t h r o u g h BT F o r e i g n I n v e s t m e n t C o r p o r a t i o n , W i l m i n g t o n ,
D e l a w a r e ( " F o r e i g n " ) and BT H o l d i n g GMbH, F r a n k f u r t , Germany
( " H o l d i n g " ) , i n B a n k e r s T r u s t GbH, F r a n k f u r t , Germany made
i n M a r c h , 1981 i n v i o l a t i o n of t h e g e n e r a l c o n s e n t p r o v i s i o n
of S e c t i o n 2 1 1 . 5 ( c ) ( i ) ( i i ) of R e g u l a t i o n K; and ( 2 ) a p p r o v e an
a d d i t i o n a l i n v e s t m e n t , i n d i r e c t l y t h r o u g h F o r e i g n and H o l d i n g ,
i n GbH.
New York
Morgan H o l d i n g s C o r p . , W i l m i n g t o n , D e l a w a r e :
f o r approval to
r e t a i n i t s i n t e r e s t i n Morgan C u r a c a o , N.V. , N e t h e r l a n d s
A n t i l l e s and Morgan F o n c i e r e Cayman I s l a n d s L t d . , G e o r g e t o w n ,
Grand Cayman I s l a n d .
San
Francisco
The Commercial Bank of K o r e a , L i m i t e d , S e o u l , K o r e a : r e q u e s t
t o e n t e r i n t o an a g r e e m e n t w i t h t h e F e d e r a l R e s e r v e System
t h a t t h e bank s h a l l r e c e i v e o n l y such d e p o s i t s as would be
p e r m i s s i b l e f o r an Edge C o r p o r a t i o n a t t h e bank* s C h i c a g o
b r a n c h . 1/
* * * * *
To Form a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank H o l d i n g Company Act of 1956
New York
Morgan H o l d i n g s C o r p . , W i l m i n g t o n , D e l a w a r e , f o r a p p r o v a l t o
acquire a l l the voting shares (excluding d i r e c t o r s ' qualifying
s h a r e s ) of Morgan Bank ( D e l a w a r e ) , W i l m i n g t o n , D e l a w a r e , a
p r o p o s e d new b a n k . J J
Atlanta
F i r s t L a f a y e t t e Bancorporation, L a f a y e t t e , Louisiana, for app r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of
F i r s t N a t i o n a l Bank of L a f a y e t t e , L a f a y e t t e , L o u i s i a n a . 2]
2 / A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may b e c o n t a c t e d
a s t o t h e l e n g t h of t h e comment p e r i o d .
I
H.2 , 1981 No. 34
16
APPLICATIONS RECEIVED-Cont i n u e d
Atlanta
Hernando Banking C o r p o r a t i o n , B r o o k s v i l l e , F l o r i d a , f o r a p p r o v a l
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Hernando S t a t e
Bank, B r o o k s v i 1 l e , F l o r i d a . 2j
At l a n t a
P o r t C i t y H o l d i n g Company, I n c . , B a i n b r i d g e , G e o r g i a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s
of The F i r s t P o r t C i t y Bank, B a i n b r i d g e , G e o r g i a . 2/
Chicago
F i r s t P r a i r i e C o r p . , P r a i r i e C i t y , Iowa, f o r approval to a c q u i r e
a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l
Bank of P r a i r i e C i t y , P r a i r i e C i t y , I o w a . 2/
Ch i c a g o
GALENA BANCORP, I N C . , G a l e n a , I l l i n o i s , f o r a p p r o v a l to a c q u i r e
80 p e r c e n t o r more of t h e v o t i n g s h a r e s of G a l e n a S t a t e Bank &
T r u s t C o . , G a l e n a , I l l i n o i s . 2]
Chicago
Kankakee B a n c s h a r e s , I n c . , Kankakee, I l l i n o i s , f o r a p p r o v a l t o
a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by
m e r g e r to C i t y N a t i o n a l Bank of Kankakee, K a n k a k e e , I l l i n o i s .
2/
Chicago
Midwest N a t i o n a l C o r p o r a t i o n , I n d i a n a p o l i s , I n d i a n a , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e
s u c c e s s o r by m e r g e r to Midwest N a t i o n a l Bank, I n d i a n a p o l i s ,
I n d i a n a . 2/
St. Louis
Chaffee Bancorporation, I n c . , Chaffee, Missouri, f o r approval
t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of Bank
of C h a f f e e , C h a f f e e , M i s s o u r i . 1/
S t . Louis
Cumberland B a n c o r p , I n c . , B u r k e s v i l l e , K e n t u c k y , f o r a p p r o v a l
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s '
q u a l i f y i n g s h a r e s ) of Bank of Cumberland, B u r k e s v i l l e ,
K e n t u c k y . 2]
Minneapolis
F i r s t Lakefield BanCorporation, I n c . , L a k e f i e l d , Minnesota, for
a p p r o v a l t o a c q u i r e 8 8 . 7 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t
T r u s t Bank of L a k e f i e l d , L a k e f i e l d , M i n n e s o t a . 2j
Minneapolis
McLean Bank H o l d i n g Company, G a r r i s o n , North D a k o t a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 7 . 8 p e r c e n t of G a r r i s o n S t a t e
Bank, G a r r i s o n , North Dakota a t l e a s t 9 2 . 7 p e r c e n t of Bank
of T u r t l e L a k e , T u r t l e L a k e , N o r t h Dakota a t l e a s t 9 3 . 7 p e r c e n t of The F a r m e r s S e c u r i t y Bank a t Washburn, Washburn,
North Dakota. 2/
2] A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d
a s t o t h e l e n g t h of t h e comment p e r i o d .
H . 2 , 1981 No. 34
- 1 7 APPLICATIONS RECEIVED-Cont i n u e d
Kansas City
Metcalf Bancshares, I n c . , Overland Park, Kansas, f o r approval
t o a c q u i r e a t l e a s t 8 4 . 9 6 p e r c e n t of t h e v o t i n g s h a r e s of
M e t c a l f S t a t e Bank, O v e r l a n d P a r k , K a n s a s . 2j
Kansas C i t y
Montrose Savings Bancshares, I n c . , Montrose, M i s s o u r i , for app r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s
of M o n t r o s e S a v i n g s Bank, M o n t r o s e , M i s s o u r i . 2J
Kansas C i t y
Port i s B a n c o r p o r a t i o n , I n c . , Port i s , Kansas, f o r approval to
a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of t h e
F i r s t S t a t e Bank of P o r t i s , K a n s a s , P o r t i s , K a n s a s . 2j
Kansas C i t y
V a l l e y B a n c s h a r e s , I n c o r p o r a t e d , P a u l s V a l l e y , Oklahoma, f o r
a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s
of The P a u l s V a l l e y N a t i o n a l Bank, P a u l s V a l l e y , Oklahoma.
2/
Kansas C i t y
W e s t e r n Oklahoma B a n c s h a r e s , I n c . , E l k C i t y , Oklahoma, f o r a p p r o v a l t o a c q u i r e a t l e a s t 98 p e r c e n t of t h e v o t i n g s h a r e s of
Bank of W e s t e r n Oklahoma, E l k C i t y , Oklahoma. 2j
Kansas C i t y
W i l s h i r e B a n c s h a r e s , I n c . , Oklahoma C i t y , Oklahoma, f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s
of W i l s h i r e Bank, Oklahoma C i t y , Oklahoma. 2J
Dal l a s
Emory B a n c s h a r e s , I n c . , Emory, T e x a s , f o r a p p r o v a l t o a c q u i r e
a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l
Bank of Emory, Emory, T e x a s . 2/
Dal l a s
F i r s t C i t y F i n a n c i a l C o r p o r a t i o n , Hobbs, New M e x i c o , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of
F i r s t N a t i o n a l Bank of Lea C o u n t y , Hobbs, New Mexico and F i r s t
C i t y N a t i o n a l Bank, C a r l s b a d , New M e x i c o . 2/
Dal l a s
S o u t h w e s t I n d e p e n d e n t B a n c o r p , I n c . , Grand P r a i r i e , T e x a s , f o r
a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s
of Grand P r a i r i e S t a t e Bank, Grand P r a i r i e , T e x a s . 2/
Dal l a s
Town and C o u n t r y B a n c s h a r e s , I n c . , S t e p h e n v i 1 l e , T e x a s , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of
Town and C o u n t r y Bank, S t e p h e n v i l l e , T e x a s . 2/
San
Francisco
CVB F i n a n c i a l C o r p . , C h i n o , C a l i f o r n i a , f o r a p p r o v a l to a c q u i r e
100 p e r c e n t of t h e v o t i n g s h a r e s of C h i n o V a l l e y Bank, C h i n o ,
C a l i f o r n i a . 2]
2j A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may b e c o n t a c t e d
a s t o t h e l e n g t h of t h e comment p e r i o d .
I
H.2,
1981 No. 34
-
18
-
APPLICATIONS RECEIVED-Cont i n u e d
To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 3 ) o f t h e Bank H o l d i n g Company Act of 1956
New York
J . P . Morgan & Co. I n c o r p o r a t e d , New Y o r k , New Y o r k , f o r a p p r o v a l t o a c q u i r e t h r o u g h i t s w h o l l y - o w n e d s u b s i d i a r y , Morgan
Holdings C o r p . , Wilmington, Delaware, a l l the v o t i n g shares
( e x c l u d i n g d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of Morgan Bank
( D e l a w a r e ) , W i l m i n g t o n , D e l a w a r e , a p r o p o s e d new b a n k . _2/
Chicago
T r i C i t y B a n k s h a r e s C o r p o r a t i o n , Oak C r e e k , W i s c o n s i n , f o r a p p r o v a l t o a c q u i r e a t l e a s t 2 1 . 3 7 p e r c e n t of t h e v o t i n g s h a r e s
of The F i r s t N a t i o n a l Bank of E a g l e R i v e r , W i s c o n s i n . 2 /
Dallas
F i r s t I n t e r n a t i o n a l Bancshares, I n c . , D a l l a s , Texas, f o r app r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t
I n t e r n a t i o n a l Bank G a l l e r i a , N a t i o n a l A s s o c i a t i o n , D a l l a s ,
T e x a s , a p r o p o s e d new b a n k . 2 /
San
Francisco
Utah B a n c o r p o r a t i o n , S a l t Lake C i t y , U t a h , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of S i l v e r King S t a t e
Bank, P a r k C i t y , U t a h . 2/
*
*
*
*
*
To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
4 ( c ) ( 8 ) of t h e Bank H o l d i n g Company A c t of 1956
New York
B a n k e r s T r u s t New Y o r k C o r p o r a t i o n , New Y o r k , New Y o r k , r e q u e s t s
p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e engaging i n t h e
f o l l o w i n g a c t i v i t i e s ( p e r f o r m i n g o r c a r r y i n g on a n y one o r
m o r e of t h e f u n c t i o n s of a c t i v i t i e s t h a t may b e p e r f o r m e d
o r c a r r i e d on b y a t r u s t company ( i n c l u d i n g a c t i v i t i e s of a
f i d u c i a r y , investment advisory, agency or c u s t o d i a n n a t u r e )
i n t h e manner a u t h o r i z e d b y F e d e r a l o r S t a t e Law) a t 250
R o y a l Palm Way, Palm B e a c h , F l o r i d a , t h r o u g h i t s s u b s i d i a r y ,
B a n k e r s T r u s t Company o f F l o r i d a ( 8 / 1 7 / 8 1 )
New York
C h e m i c a l New Y o r k C o r p o r a t i o n , New Y o r k , New Y o r k , r e q u e s t s
p e r m i s s i o n t o r e l o c a t e an e x i s t i n g o f f i c e e n g a g i n g i n t h e
f o l l o w i n g a c t i v i t i e s (making d i r e c t l o a n s , p u r c h a s i n g i n s t a l l ment s a l e s f i n a n c e c o n t r a c t s , and a c t i n g a s a g e n t o r b r o k e r
2 / A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t .
The Community
A f f a i r s o f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d
a s t o t h e comment p e r i o d .
I
H.2,
1981 Mo. 34
- 1 9 APPLICATIONS RECEIVED-Continued
f o r t h e s a l e of c r e d i t r e l a t e d i n s u r a n c e ) from 567 Roswell
S t r e e t , M a r i e t t a , . G e o r g i a t o 1800 Wat e r p l a c e , A t l a n t a , G e o r g i a ,
through i t s , s u b s i d i a r y , Sunamerica F i n a n c i a l C o r p o r a t i o n
(8/19/81)
New York
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h
a de novo o f f i c e e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s (making
or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , s e c u r e d
o r u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n
of l o a n s t o d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r
p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and
s e r v i c i n g f o r i t s own a c c o u n t of s a l e s f i n a n c e c o n t r a c t s ; t h e
s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s ing or l e v e l ( i n t h e c a s e of s i n g l e payment l o a n s ) term l i f e
i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ; and t h e
s e r v i c i n g , f o r any p e r s o n , of l o a n s and o t h e r e x t e n s i o n s of
c r e d i t ; t h e s e r v i c e a r e a of t h e o f f i c e would be c o m p r i s e d of
t h e e n t i r e S t a t e s of N o r t h C a r o l i n a , K e n t u c k y , T e n n e s s e e ,
V i r g i n i a and West V i r g i n i a ; c r e d i t r e l a t e d l i f e , a c c i d e n t ,
and h e a l t h i n s u r a n c e may b e w r i t t e n by F a m i l y G u a r d i a n L i f e
I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n
F i n a n c i a l C e n t e r , I n c . ) a t 4956 B r a m b l e t o n Avenue, S . W . ,
Roanoke, V i r g i n i a , t h r o u g h i t s s u b s i d i a r y , C i t i c o r p P e r s o n to-Person F i n a n c i a l Center, I n c . (Delaware) (8/20/81)
New York
C i t i c o r p , New Y o r k , New York, r e q u e s t s p e r m i s s i o n t o r e l o c a t e
two e x i s t i n g o f f i c e s i n t o one c o n s o l i d a t e d o f f i c e , and t o e x pand t h e s e r v i c e a r e a of t h e new o f f i c e ( p r e v i o u s l y approved
a c t i v i t i e s : making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s
of c r e d i t , s e c u r e d o r u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n of l o a n s to d e a l e r s f o r t h e f i n a n c i n g of
i n v e n t o r y ( f l o o r p l a n n i n g ) and w o r k i n g c a p i t a l p u r p o s e s ; t h e
p u r c h a s i n g and s e r v i c i n g f o r i t s own a c c o u n t of s a l e s f i n a n c e
c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and
h e a l t h or d e c r e a s i n g or l e v e l ( i n t h e c a s e of s i n g l e payment
l o a n s ) t e r m l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as
r e q u i r e d ; t h e s a l e of consumer o r i e n t e d f i n a n c i a l management
c o u r s e s ; and t h e s e r v i c i n g , f o r any p e r s o n , of l o a n s and
o t h e r e x t e n s i o n s of c r e d i t ; t h e s e r v i c e a r e a of t h e c o n s o l i d a t e d o f f i c e would be c o m p r i s e d of t h e e n t i r e S t a t e of G e o r g i a
for a l l the aforementioned a c t i v i t i e s ; c r e d i t related l i f e ,
a c c i d e n t , and h e a l t h i n s u r a n c e may b e w r i t t e n by F a m i l y G u a r d i a n
L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o P e r s o n F i n a n c i a l C e n t e r , I n c . ) from 3355 Lenox Road N . E . ,
A t l a n t a , G e o r g i a and from 2419 Cobb P a r k i n g , Smyrna, G e o r g i a
t o 5575 P e a c h t r e e Dunwoody Road, A t l a n t a , G e o r g i a , t h r o u g h i t s
subsidiary, Citicorp Person-to-Person Financial Center, Inc.
(Domestic) ( 8 / 2 0 / 8 1 )
H.2,
1981 No.
34
- 20 -
APPLICATIONS RECEIVED-Cont i n u e d
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s
p e r m i s s i o n t o expand t h e a c t i v i t i e s of an e x i s t i n g o f f i c e
( p u r c h a s i n g motor v e h i c l e s a l e s f i n a n c e c o n t r a c t s , and t h e
s a l e of c r e d i t l i f e i n s u r a n c e d i r e c t l y r e l a t e d t o such l e n d ing a c t i v i t y ; t h i s o f f i c e s e r v e s t h e f o l l o w i n g p a r i s h e s ;
Orleans, J e f f e r s o n , St. John, St. Charles, Plaquemines, St.
B e r n a r d , and L a f o u r c h e ) a t 3409 N. H u l l e n S t r e e t , Meta i r i e ,
L o u i s i a n a , t h r o u g h i t s s u b s i d i a r y , Termplan I n c o r p o r a t e d of
Louisiana (8/21/81)
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s
p e r m i s s i o n t o e s t a b l i s h a de novo o f f i c e e n g a g i n g in t h e
f o l l o w i n g a c t i v i t i e s ( a r r a n g i n g , making, or a c q u i r i n g f o r i t s
own a c c o u n t o r f o r t h e a c c o u n t of o t h e r s , l o a n s and o t h e r
e x t e n s i o n s of c r e d i t s e c u r e d by a homeowner's e q u i t y i n t e r e s t
in a home such a s would be made by a consumer f i n a n 1 company,
s e r v i c i n g such l o a n s and o t h e r e x t e n s i o n s of c r e d i t f o r any
p e r s o n , and a c t i n g as an agent or b r o k e r f o r t h e s a l e of s i n g l e
and j o i n t c r e d i t l i f e i n s u r a n c e which i s d i r e c t l y r e l a t e d t o
such l o a n s and e x t e n s i o n s of c r e d i t , and from which Termplan
I n c o r p o r a t e d of L o u i s i a n a ( " T e r m p l a n " ) would engage in t h e
a c t i v i t i e s of p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ,
and a c t i n g a s a g e n t o r b r o k e r f o r t h e s a l e of s i n g l e and j o i n t
c r e d i t l i f e i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e
which i s d i r e c t l y r e l a t e d t o such l o a n s and e x t e n s i o n s of
c r e d i t , and from which T e r m p l a n would engage i n p u r c h a s i n g
motor v e h i c l e s a l e s f i n a n c e c o n t r a c t s , and a c t i n g a s a g e n t or
b r o k e r f o r t h e s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e ;
Tempco L i f e I n s u r a n c e Company would r e i n s u r e such c r e d i t l i f e
and a c c i d e n t and h e a l t h i n s u r a n c e ; t h i s o f f i c e would s e r v e t h e
following p a r i s h e s : Western F e l i c i a n a , E a s t e r n F e l i c i a n a , S t .
H e l e n a , Western T a n g i p a h o a , E a s t e r n S t . L a n d r y , P o i n t Coupee,
E a s t e r n Baton Rouge, L i v i n g s t o n , S t . M a r t i n , I b e r v i l l e , Western
Baton Rouge, A s c e n s i o n , S t . John t h e B a p t i s t , E a s t e r n I b e r i a ,
N o r t h e r n S t . Mary, N o r t h w e s t e r n L a f o u r c h e and N o r t h w e s t e r n S t .
C h a r l e s ) a t Sherwood Tower, 3636 Sherwood F o r e s t B o u l e v a r d ,
Baton Rouge, L o u i s i a n a , t h r o u g h i t s s u b s i d i a r y , T e r m p l a n I n c o r p o r a t e d of L o u i s i a n a ( 8 / 2 1 / 8 1 )
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s
p e r m i s s i o n t o e s t a b l i s h de novo o f f i c e s e n g a g i n g i n t h e
following a c t i v i t i e s (purchasing installment sales finance
c o n t r a c t s , and a c t i n g as a g e n t or b r o k e r f o r t h e s a l e of
s i n g l e c r e d i t l i f e i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h
i n s u r a n c e which i s d i r e c t l y r e l a t e d t o such l o a n s and e x t e n s i o n s of c r e d i t ; and from which Termplan I n c o r p o r a t e d of
Alabama ( " T e r m p l a n " ) would engage i n p u r c h a s i n g motor v e h i c l e
s a l e s f i n a n c e c o n t r a c t s ; and a c t i n g a s a g e n t o r b r o k e r f o r t h e
s a l e of s i n g l e c r e d i t l i f e i n s u r a n c e ; and from which T e r m p l a n
i
H. 2,
1981 No. 34
- 2 1 APPLICATIONS RECEIVED-Continued
would engage in the a c t i v i t i e s of a r r a n g i n g , making, or a c q u i r i n g for i t s own a c c o u n t o r f o r t h e a c c o u n t of o t h e r s ,
l o a n s and o t h e r e x t e n s i o n s of c r e d i t s e c u r e d by a homeowner's
e q u i t y i n t e r e s t in a home such as would be made by a consumer
f i n a n c e company, s e r v i c i n g such l o a n s and o t h e r e x t e n s i o n s of
c r e d i t for any p e r s o n , and a c t i n g as an agent or b r o k e r f o r t h e
s a l e of s i n g l e c r e d i t l i f e i n s u r a n c e which i s d i r e c t l y r e l a t e d
t o such l o a n s and e x t e n s i o n s of c r e d i t ; Tempco L i f e I n s u r a n c e
Company s o u l d r e i n s u r e such c r e d i t l i f e and a c c i d e n t and h e a l t h
i n s u r a n c e ) a t Two E a s t O f f i c e B u i l d i n g , S u i t e 106, 400 E a s t
B o u l e v a r d , Montgomery, Alabama, s e r v i n g t h e c o u n t i e s of Coosa,
C h i l t o n , T a l l a p o o s a , E a s t e r n P e r r y , Western L e e , A u t a u g a ,
Elmore, Macon, Montgomery, B u l l o c k , P i k e , Crenshaw, N o r t h e r n
B u t l e r , Lowndes, E a s t e r n D a l l a s and E a s t e r n W i l c o x , t h r o u g h i t s
s u b s i d i a r y , Termplan I n c o r p o r a t e d of Alabama and I n d e p e n d e n c e
D r i v e and 2 9 t h Avenue S o u t h , Homewood, Alabama, s e r v i n g t h e
c o u n t i e s of C u l l m a n , B l o u n t , E a s t e r n Etowah, S o u t h e a s t e r n
Winston, Walker, J e f f e r s o n , S a i n t C l a i r , E a s t e r n F a y e t t e ,
E a s t e r n T u s c a l o o s a , Shelby, T a l l a d e g a , Southwestern Clay,
N o r t h w e s t e r n C o o s a , N o r t h e r n C h i l t o n , Bibb and Western C a l h o u n ,
t h r o u g h i t s s u b s i d i a r y , Termplan I n c o r p o r a t e d of Alabama
(8/21/81)
New York
Morgan H o l d i n g s C o r p . , W i l m i n g t o n , D e l a w a r e , f o r a p p r o v a l t o
r e t a i n i t s i n t e r e s t i n Morgan Data S e r v i c e s I n c . , J e r s e y
C i t y , New J e r s e y .
Cleveland
F i r s t N a t i o n a l C i n c i n n a t i C o r p o r a t i o n , C i n c i n n a t i , O h i o , f o r app r o v a l t o engage de novo i n t h e a c t i v i t y of i s s u i n g t r a v e l e r s
checks.
Minneapolis
Northwest B a n c o r p o r a t i o n , Minneapolis, Minnesota, n o t i f i c a t i o n
of i n t e n t t o engage i n de novo a c t i v i t i e s ( ( i ) s e r v i n g as an
a d v i s o r y company f o r t r u s t s , p e n s i o n and p r o f i t s h a r i n g f u n d s ,
r e a l e s t a t e i n v e s t m e n t t r u s t s and o t h e r p e r s o n s , f i r m s o r
e n t i t i e s ( i i ) s e r v i n g a s i n v e s t m e n t a d v i s o r as d e f i n e d i n
S e c t i o n 2 ( a ) ( 2 0 ) of t h e I n v e s t m e n t Company Act of 1940 w i t h
r e s p e c t t o r e a l e s t a t e r e l a t e d s e c u r i t i e s and ( i i i ) p r o v i d i n g
r e a l e s t a t e p o r t f o l i o i n v e s t m e n t a d v i c e to any person e x c e p t
where t h e r e a l p r o p e r t y i s t o be used i n t h e t r a d e or b u s i n e s s
of t h e p e r s o n b e i n g a d v i s e d ) a t 1060 N o r t h w e s t e r n Bank B u i l d i n g ,
M i n n e a p o l i s , M i n n e s o t a , BMC w i l l l i m i t i t s a c t i v i t i e s t o r e n d e r i n g r e a l e s t a t e i n v e s t m e n t o r f i n a n c i a l a d v i c e with r e s p e c t t o
r e a l e s t a t e located in the c o n t i n e n t a l United S t a t e s , Alaska,
H a w a i i , P u e r t o R i c o , or i n any commonwealth, t e r r i t o r y or
p o s s e s s i o n of t h e United S t a t e s , a l t h o u g h such a d v i c e may be
r e n d e r e d t o f o r e i g n p e r s o n s as w e l l as United S t a t e s p e r s o n s ,
t h r o u g h i t s s u b s i d i a r y , Banco Mortgage Company ( 8 / 1 9 / 8 1 )
H.2,
1981 Mo. 34
- 2 2 APPLICATIONS RECEIVED-Continued
Dallas
I n t e r n a t i o n a l Bancshares C o r p o r a t i o n , Laredo, Texas, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage
in the s a l e and r e i n s u r a n c e of c r e d i t l i f e , a c c i d e n t and
h e a l t h i n s u r a n c e ) a t 1200 San B e r n a r d o Avenue, L a r e d o , T e x a s ,
t h r o u g h a wholly-owned s u b s i d i a r y , IBC L i f e I n s u r a n c e Company.
(8/21/81)
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n
of i n t e n t t o engage de novo a c t i v i t i e s ( i n t h e a c t i v i t i e s of
an i n d u s t r i a l loan company under the West V i r g i n i a I n d u s t r i a l
Bank and I n d u s t r i a l Loan Company Act; t h e FA T h r i f t / W e s t
V i r g i n i a C o r p o r a t i o n s a l s o propose to engage in the a c t i v i t i e s
of making or a c q u i r i n g for t h e i r own a c c o u n t s l o a n s and o t h e r
e x t e n s i o n s of c r e d i t such as would be made or a c q u i r e d by a
f i n a n c e company; s e r v i c i n g such l o a n s and o t h e r e x t e n s i o n s of
c r e d i t ; and t h e o f f e r i n g of c r e d i t - r e l a t e d l i f e and c r e d i t r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e ; c r e d i t - r e l a t e d p r o p e r t y
i n s u r a n c e w i l l not be o f f e r e d by t h e s e c o r p o r a t i o n s in the
S t a t e s of West V i r g i n i a ; such a c t i v i t i e s w i l l i n c l u d e , but not
be l i m i t e d t o , s e l l i n g or o f f e r i n g f o r s a l e t h e i r s e c u r e d or
u n s e c u r e d e v i d e n c e s or c e r t i f i c a t e s of i n d e b t e d n e s s , a c c e p t i n g
s a v i n g s a c c o u n t s and o f f e r i n g NOW a c c o u n t s , making consumer
i n s t a l l m e n t l o a n s , purchasing i n s t a l l m e n t s a l e s finance cont r a c t s , making loans and o t h e r e x t e n s i o n s of c r e d i t to b u s i n e s s e s , making l o a n s s e c u r e d by r e a l and p e r s o n a l p r o p e r t y ,
and o f f e r i n g c r e d i t - r e l a t e d l i f e and a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d by t h e FA T h r i f t / W e s t V i r g i n i a C o r p o r a t i o n s ) in F a i r mont , M a r t i n s b u r g and Morgantown, West V i r g i n i a , s e r v i n g t h e
e n t i r e S t a t e of West V i r g i n i a , t h r o u g h i t s i n d i r e c t s u b s i d i a r i e s , FinanceAmerica T h r i f t C o r p o r a t i o n of F a i r m o n t ,
FinanceAmerica T h r i f t C o r p o r a t i o n of Mart i n s b u r g and Finance
America T h r i f t C o r p o r a t i o n of Morgantown ("FA T h r i f t / W e s t
Virginia Corporation") (8/17/81)
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s (making or a c q u i r i n g
for i t s own a c c o u n t l o a n s and o t h e r e x t e n s i o n s of c r e d i t such
a s would be made or a c q u i r e d by a f i n a n c e company, s e r v i c i n g
l o a n s and o t h e r e x t e n s i o n s of c r e d i t , and o f f e r i n g c r e d i t r e l a t e d l i f e i n s u r a n c e , c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e , and c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e i n t h e S t a t e of
P e n n s y l v a n i a ; c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e w i l l not be
o f f e r e d i n t h e S t a t e s of O h i o , New York, and Maryland; such
a c t i v i t i e s w i l l i n c l u d e , b u t not be l i m i t e d t o , making consumer i n s t a l l m e n t l o a n s ; p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e
c o n t r a c t s ; making loans and o t h e r e x t e n s i o n s of c r e d i t t o
s m a l l b u s i n e s s e s ; making l o a n s and o t h e r e x t e n s i o n s of c r e d i t
H.2,
1981 No. 34
- 2 3 APPLICATIONS RECEIVED-Continued
s e c u r e d by r e a l and p e r s o n a l p r o p e r t y ; and o f f e r i n g c r e d i t r e l a t e d l i f e , c r e d i t - r e l a t e d a c c i d e n t and h e a l t h , and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of
c r e d i t made o r a c q u i r e d by F i n a n c e A m e r i c a Consumer D i s c o u n t
Company) i n C h a m b e r s b u r g , P e n n s y l v a n i a , s e r v i n g t h e e n t i r e
S t a t e s of P e n n s y l v a n i a and M a r y l a n d ; E r i e , P e n n s y l v a n i a ,
s e r v i n g t h e e n t i r e S t a t e s of P e n n s y l v a n i a and O h i o ; S a y r e ,
P e n n s y l v a n i a , s e r v i n g t h e e n t i r e S t a t e s of P e n n s y l v a n i a and
New Y o r k ; and W i l l i a m s p o r t , P e n n s y l v a n i a , s e r v i n g t h e e n t i r e
S t a t e of P e n n s y l v a n i a , t h r o u g h i t s i n d i r e c t s u b s i d i a r y ,
F i n a n c e A m e r i c a Consumer D i s c o u n t Company ( a P e n n s y l v a n i a
Corporation) (8/17/81)
San
Francisco
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , not i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( i n a c t i n g
as e s c r o w a g e n t f o r t h e p u r c h a s e and s a l e of r e a l p r o p e r t y
a n d t h e e x e c u t i o n of a l l documents and d i s p e r s a l of f u n d s
r e l a t i n g t o l o a n t r a n s a c t i o n s , and a l l o t h e r a c t i v i t i e s engaged i n by an e s c r o w company) i n K a i l u a , H a w a i i , s e r v i n g
t h e S t a t e of H a w a i i , t h r o u g h i t s s u b s i d i a r y , S e c u r i t y P a c i f i c
Escrow, Inc. (8/17/81)
San
F r a n c i sco
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( a c t i n g as
e s c r o w a g e n t f o r t h e p u r c h a s e and s a l e of r e a l p r o p e r t y and
t h e e x e c u t i o n of a l l documents and d i s p e r s a l of f u n d s r e l a t i n g
t o l o a n t r a n s a c t i o n s , and a l l o t h e r a c t i v i t i e s engaged i n by
an e s c r o w company) i n P u y a l l u p , W a s h i n g t o n , s e r v i n g t h e S t a t e
of W a s h i n g t o n , t h r o u g h i t s s u b s i d i a r y , S e c u r i t y P a c i f i c Escrow,
I n c . d / b / a Summit E s c r o w , I n c . ( 8 / 2 0 / 8 1 )
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A g r e e m e n t s F i l e d P u r s u a n t t o S e c t i o n 8 of t h e
S e c u r i t i e s Exchange Act of 1934
C h a s . S c h r e i n e r Bank, K e r r v i l l e , T e x a s , h a s f i l e d an a g r e e ment w i t h t h e F e d e r a l R e s e r v e Bank of D a l l a s (which i s
a u t h o r i z e d t o a c c e p t such a g r e e m e n t s on b e h a l f of t h e Board
of G o v e r n o r s u n d e r d e l e g a t e d a u t h o r i t y ) u n d e r t a k i n g t o comply
w i t h a l l p r o v i s i o n s trfiich r e l a t e t o t h e u s e of c r e d i t t o
f i n a n c e t r a n s a c t i o n s in s e c u r i t i e s .
a
H.2,
— 24 —
1981 No. 34
APPLICATIONS RECEIVED-Cont i n u e d
REPORTS RECEIVED
Tender O f f e r Statement F i l e d Pursuant
1 4 ( d ) of t h e S e c u r i t i e s E x c h a n g e Act
to S e c t i o n
U n i t e d C o u n t i e s T r u s t Company, E l i z a b e t h , New J e s e y
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PETITIONS FOR RULEMAKING
None
@FedFRASER