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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
H.2, 1987, No. 34
Actions of the Board
Applications and Reports Received
During the Week Ending August 22, 1987
ACTIONS OF THE BOARD
Statement of guidance on reporting
requirements under the Competitive Equality
Banking Act of 1987 for certain companies
controlling nonbank banks.
Secretary
Traders Bank and Trust Company, Mount
Sterling, Kentucky, proposed merger with
Montgomery Bank and Trust Company — report
to the Federal Deposit Insurance Corporation
on competitive factors. 1/
New York
Norstar Bank of Central New York, Syracuse,
New York, proposed acquisition of certain
assets and assumption of certain liabilities
of ten branches of Norstar Bank of Upstate
New York, Albany, New York; and four branches
of Norstar Bank, N.A., Buffalo, New York —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
New York
The Bank of New York Company, Inc., New York,
New York — extension to November 13, 1987,
to engage in certain activities through
Capital Trust Company and Eastern Trust
Company. 1/
Philadelphia
The Trenton Savings Fund Society, Trenton,
New Jersey, proposed assumption of
liabilities to pay deposits of the Mount
Holly and Burlington branches of the
Provident Savings Bank, Jersey City, New
Jersey — report to the Federal Deposit
Insurance Corporation on competitive
factors. 1/
1/
Application processed on behalf of the Board of Governors
under delegated authority.
II.2, 1987, No. 34
2
ACTIONS OF THE BOARD - Continued
Cleveland
The Andover Bank, Andover, Ohio —
in bank premises. 1/
Cleveland
Liberty Bancshares, Inc., Ada, Ohio —
extension to November 30, 1987, to acquire
The Liberty National Bank of Ada. 1/
Cleveland
Eagle Fidelity, Inc., Williamstown, Kentucky
— extension to November 29, 1987, to acquire
The Bank of Williamstown. 1/
Richmond
PNB Financial Corporation, Warrenton,
Virginia — extension to November 25, 1987,
to acquire The Peoples National Bank of
Warrenton. 1/
Richmond
Washington Bancorporation, Washington, D.C.,
and Washington National Holdings, N.V.,
Curacao, Netherlands Antilles — extension to
November 21, 1987, to engage de novo in
performing real estate appraisals through
Washington Mortgage Group, Inc., 1/
Richmond
Signet Bank/Maryland, Baltimore, Maryland —
extension to April 19, 1988, to establish a
branch at Burtonsville Crossing, the
intersection of Routes 29 and 198,
Burtonsville, Maryland. 1/
Atlanta
Morgan City Bank & Trust Company, Morgan
City, Louisiana, proposed merger with M.C.
Bank & Trust Company — report to the Federal
Deposit Insurance Corporation on competitive
factors. 1/
Atlanta
SouthTrust Corporation, Birmingham, Alabama
— extension to October 21, 1987, to acquire
Bank of Pensacola, Pensacola, Florida. 1/
Atlanta
First Rainsville Bancshares, Inc.,
Rainsville, Alabama — extension for Charles
L. Willmon, et al, to acquire shares. 1/
Atlanta
Dominion Bank of Middle Tennessee, Nashville,
Tennessee, proposed merger with First
National Bank of Clarksville, Clarksville,
Tennessee — report to the Federal Deposit
Insurance Corporation on competitive factors.
1/
1/
investment
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 34
3
ACTIONS OP THE BOARD - Continued
Atlanta
SouthTrust Corporation, Birmingham, Alabama
— extension to November 20, 1987, to acquire
Bank of Pensacola, Pensacola, Florida. 1/
Chicago
State Bank of St. Charles, Saint Charles,
Illinois — extension to November 22, 1987,
to open a branch facility in the 1400 block
of East State Street, Geneva, Illinois. 1/
Chicago
Commercial Bank, Greenville, Michigan —
extension to December 8, 1987, to establish a
branch in the 5800 block of South Greenville
Road. 1/
Chicago
Lane Financial, Inc., Northbrook, Illinois —
extension to November 8, 1987, to engage de
novo in credit-related insurance activities
through Lane Life Insurance Company. 1/
Chicago
First United Financial Services, Inc.,
Arlington Heights, Illinois — extension to
October 13, 1987, to engage de novo through
Arlington Mortgage Company in making,
acquiring, and servicing loans or other
extensions of credit for the company's
account and for the account of others. 1/
Chicago
Presque Isle Bank, Rogers City, Michigan,
proposed merger with Hillman State Bank,
Hillman, Michigan — report to the Federal
Deposit Insurance Corporation on competitive
factors. 1/
Chicago
Stark County Bancorp, Inc., Toulon, Illinois
— extension to November 24, 1987, to acquire
State Bank of Toulon. 1/
St. Louis
The First National Bank of Izard County,
Calico Rock, Arkansas, proposed merger with
Interim First National Bank of Izard County
— report to the Comptroller of the Currency
on competitive factors. 1/
St. Louis
Bank of Cairo and Moberly, Moberly, Missouri
— investment in bank premises. 1/
Dallas
First Gilmer Bankshares, Inc., Gilmer Texas
— extension to September 15, 1987, to
acquire First National Bank of Gilmer. I f
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 34
4
ACTIONS OF THE BOARD - Continued
Dallas
Cattlemen's Financial Services, Inc., Austin,
Texas — extension to September 18, 1987, to
acquire Cattlemen's State Bank. 1/
Dallas
The First National Bankshares, Inc.,
Tucumcari, New Mexico — extension to
November 24, 1987, to acquire The First
National Bank of Santa Rosa and The First
National Bank in Tucumcari. 1/
Dallas
First RepublicBank Abilene, N.A., Abilene,
Texas, proposed merger with First Republic
Bank South Abilene — report to the
Comptroller of the Currency on competitive
factors. 1/
Dallas
National Bank of Fort Sam Houston, San
Antonio, Texas, proposed merger with First
RepublicBank Universal City, N.A., Universal
City, Texas — report to the Comptroller of
the Currency on competitive factors. 1/
Dallas
First RepublicBank Temple, N.A., Temple,
Texas, proposed merger with First
RepublicBank SW Temple, N.A. — report to the
Comptroller of the Currency on competitive
factors. 1/
Dallas
First RepublicBank El Paso, N.A., El Paso,
Texas, proposed merger with First
RepublicBank Chelmont, N.A., El Paso, Texas
— report to the Comptroller of the Currency
on competitive factors. 1/
Dallas
First RepublicBank Waco, N.A., Waco, Texas,
proposed merger with First RepublicBank Lake
Air, N.A., Waco, Texas — report to the
Comptroller of the Currency on competitive
factors. 1/
Dallas
First RepublicBank Arlington, N.A.,
Arlington, Texas, proposed merger with First
RepublicBank SW Arlington, N.A. — report to
the Comptroller of the Currency on
competitive factors. 1/
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 34
5
ACTIONS OF THE BOARD - Continued
Dallas
Spring Woods Bank, Houston, Texas, proposed
merger with Richmark Bank, N.A., Houston,
Texas — report to the Federal Deposit
Insurance Corporation on competitive factors.
1/
f
San Francisco
Ammex Holding Company; Banamex Holding
Company, Los Angeles, California; and Banco
de Nacional de Mexico, S.N.C., Mexico City,
Mexico — extension to November 20, 1987, to
engage de novo in the issuance of
consumer-type payment instruments denominated
in Mexican pesos. 1/
San Francisco
Americorp, Ventura, California — extension
to December 2, 1987, to acquire American
Commercial Bank. 1/
San Francisco
Valley Utah Bancorporation, Salt Lake City,
Utah, extension to divest certain property.
1/
San Francisco
FSB Acquisition Corp., Show Low, Arizona,
proposed merger with Frontier State Bank —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
San Francisco
National Security Bank Holding Company,
Newport, Oregon — extension to December 1,
1987, to acquire National Security Bank,
Newport. 1/
San Francisco
First Interstate Bancorp, Los Angeles,
California — extension to divest certain
properties. 1/
* * * * *
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Approved
New York
1/
Chemical Bank, New York, New York — to
establish branch offices at 524 West 57
Street, New York, New York; 180 Maiden Lane,
31st Floor, New York, New York; and 1919
Madison Avenue, New York, New York. 1/
(8/18/87)
Application processed on behalf of the Board of Governors
under delegated authority.
6
H.2, 1987, No. 34
ACTIONS OF THE BOARD - Continued
Cleveland
The Andover Bank, Andover, Ohio, to establish
a branch at South Broadway (Lot 6 — Section
2), Geneva, Ohio. 1/ (8/18/87)
Cleveland
The Citizens Savings Bank Company,
Pemberville, Ohio, to establish a branch at
209 North Main Street, Gibsonburg, Ohio. 1/
(8/21/87)
Chicago
First of America Bank - Central, Lansing,
Michigan, to establish an offsite electronic
facility at 1215 East Michigan Avenue,
Lansing, Michigan. 1/ (8/21/87)
*
*
*
*
*
To Become a Member of the Federal Reserve System Pursuant
to Section 9 of the Federal Reserve Act
Approved
Philadelphia
Dominion Bank, Devon, Pennsylvania.
(8/18/87
*
*
*
*
1/
*
International Investments and Other Actions Approved
Pursuant to Sections 25 and 25(a) of the Federal Reserve Act
and Section 4(c)9; (4(c)13 and 4(c)(14) of the Bank Holding
Company Act of 1956, as amended
Approved
Forty -Five Day Notification Period Allowed to Expire
Boston
State Street Bank and Trust Company, Boston,
Massachusetts: no objection — to invest
through its wholly-owned Edge corporation
subsidiary, State Street International
Holdings, Boston, Massachusetts, in State
Street Australia Limited, Sydney, Australia.
(8/21/87)
New York
Bankers International Corporation, New York,
New York: no objection — to invest in its
wholly-owned indirect subsidiary, BT Holdings
(UK) Limited, London, England.
(8/17/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
7
H.2, 1987, No. 34
ACTIONS OF THE BOARD - Continued
New York
Bankers International Corporation, New York,
New York: no objection — to acquire all of
the shares of The World Markets -Company PLC,
Edinburgh, Scotland.
(8/20/87)
San Francisco
Security Pacific Corporaton, Los Angeles,
California: no objection — to increase its
investment in Security Pacific EuroFinance,
Inc., London, England.
(8/21/87)
*
*
*
*
*
To Form ai Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Returned
Chicago
Mt. Auburn Bancshares Company, Hampton, Iowa
— for approval to acquire at least 80
percent of the voting shares of Mount Auburn
Savings Bank, Mount Auburn, Iowa.
(8/20/87)
Approved
Philadelphia
Devon Holding Company, Inc., (to be named
Dominion Bancorp. Inc., after approval), Bala
Cynwyd, Pennsylvania — for approval to
acquire 99 percent of the voting shares of
Dominion Bank, Devon, Pennsylvania, a
proposed new bank. 1/ (8/18/87)
Richmond
First United Bancorporation, Anderson, South
Carolina — for approval to acquire 100
percent of the voting shares of Anderson
National Bank, Anderson, South Carolina. 1/
(8/19/87)
Chicago
Success Financial Group, Inc., Lincolnshire,
Illinois — for approval to acquire at least
50 percent of the voting shares of
Lincolnshire Bancshares, Inc., Lincolnshire,
Illinois and Bellwood Bancorporation, Inc.,
Bellwood, Illinois and indirectly First
National Bank of Lincolnshire, Lincolnshire,
Illinois, Bank of Bellwood, Bellwood,
Illinois, First National Bank of Wheaton,
Wheaton, Illinois, and Peterson Bank,
Chicago, Illinois. 1/ (8/19/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 34
8
ACTIONS OF THE BOARD - Continued
St. Louis
First Highland Corp., Highland, Illinois —
for approval to acquire 100 percent of the
voting shares of The First National Bank of
Highland, Highland, Illinois. 1/ (8/21/87)
Minneapolis
Community First Minnesota Bankshares, Inc.,
Fargo, North Dakota — for approval to
acquire 100 percent of the voting shares of
First Bank Benson, N.A., Benson, Minnesota;
First Bank (N.A.) -Little Falls, Little
Falls, Minnesota; The First State Bank in
Paynesville, Paynesville, Minnesota; First
Bank Southwest, N.A., Marshall, Minnesota;
First Bank of Wheaton, N.A., Wheaton,
Minnesota; and The First National Bank of
Windom, Windom, Minnesota.
(8/17/87)
Minneapolis
Community First North Dakota Bankshares,
Inc., Fargo, North Dakota — for approval to
acquire 100 percent of the voting shares of
The First State Bank of Cooperstown,
Cooperstown, North Dakota; First National
Bank in Lidgerwood, Lidgerwood, North Dakota;
First Bank of North Dakota (N.A.) Wahpeton,
Wahpeton, North Dakota; and 86.35 percent of
the voting shares of The First National Bank
and Trust Company of Dickinson, Dickinson,
North Dakota.
(8/17/87)
Minneapolis
Community First South Dakota Bankshares,
Inc., Fargo, North Dakota — for approval to
acquire 100 percent of the voting shares of
Community First State Bank of Hot Springs,
Hot Springs, South Dakota; Community First
State Bank of Huron, Huron, South Dakota;
Community State Bank in Lemmon, Lemmon, South
Dakota; Community First State Bank of Platte,
Platte, South Dakota; Community First State
Bank of Redfield, Redfield, South Dakota; and
Community First State Bank of Vermillion,
Vermillion, South Dakota.
(8/17/87)
Kansas City
First State Fremont, Inc., Fremont, Nebraska
— for approval to acquire 99.73 percent of
the voting shares of First State Bank,
Fremont, Nebraska. 1/ (8/21/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 34
9
ACTIONS OF THE BOARD - Continued
Kansas City
Jason Barikshares, Inc., Offerle, Kansas —
for approval to acquire 100 percent of the
voting shares of Offerle Investment Co.,
Inc., and indirectly acquire The Farmers
State Bank, both of Offerle, Kansas.
(8/17/87)
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Approved
Cleveland
Trustcorp, Inc., Toledo, Ohio — for approval
to acquire 100 percent of the voting shares
of Citizens Trust Bancorp, Inc., and
indirectly Citizens Trust both of Ann Arbor,
Michigan. 1/ (8/18/87)
Richmond
State Bancorp, Inc., Bruceton Mills, West
Virginia — for approval to acquire 100
percent of the voting shares of Terra Alta
Bank, Terra Alta, West Virginia. 1/
(8/20/87)
Chicago
First Midwest Corporation of Delaware,
Elmwood Park, Illinois — for approval to
acquire 100 percent of the voting shares of
State Bank of Union, Union, Illinois. 1/
(8/21/87)
Chicago
Stillman BancCorp, Inc., Stillman Valley,
Illinois -- for approval to acquire 100
percent of the voting shares of United Bank
of Rochelle, Rochelle, Illinois. 1/
(8/21/87)
St. Louis
Union Planters Corporation, Memphis,
Tennessee — for approval to acquire at least
90 percent of the voting shares of Bank of
Trenton and Trust Company, Trenton,
Tennessee.
(8/20/87)
Minneapolis
Park Falls Agency, Inc., Park Falls,
Wisconsin — for approval to acquire 87.58
percent of the voting shares of Bradley Bank,
Tomahawk, Wisconsin. 1/ (8/17/87)
Minneapolis
Zappco, Inc., St. Cloud, Minnesota — for
approval to acquire 100 percent of the voting
shares of Melrose Bancshares, Inc., Melrose,
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 34
10
ACTIONS OF THE BOARD - Continued
Minnesota, and indirectly Melrose State Bank,
Melrose, Minnesota. 1/ (8/20/87)
Kansas City
Ottawa Bancshares, Inc., Ottawa, Kansas —
for approval to acquire 100 percent of the
voting common shares and non-voting preferred
shares of Lyon County State Bancshares, Inc.,
Emporia, Kansas, and indirectly Lyon County
State Bank, Emporia, Kansas. 1/ (8/19/87)
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Withdrawn
Richmond
Dominion Bankshares Corporation, Roanoke,
Virginia — for approval to merge with UNB
Corporation, Fayetteville, Tennessee and
indirectly acquire Union National Bank,
Fayetteville, Tennessee.
Approved
Cleveland
Trustcorp of Michigan, Inc., Toledo, Ohio —
for approval to merge with Citizens Trust
Bancorp, Inc., and indirectly acquire
Citizens Trust, both of Ann Arbor, Michigan.
1/ (8/18/87)
Richmond
Dominion Bankshares Corporation, Roanoke,
Virginia — for approval to merge with First
Springfield National Corporation, and
indirectly acquire The First National Bank of
Springfield, and First Trust Company,
Springfield, Tennessee. 1/ (8/20/87)
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Returned
Philadelphia
1/
USBancorp, Inc., Johnstown, Pennsylvania —
to engage de novo (selling credit life,
disability, or involuntary unemployment
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 34
11
ACTIONS OF THE BOARD - Continued
insurance) through its proposed subsidiary,
United Bancorp Life Insurance Company,
Phoenix, Arizona. 3/ (8/20/87)
Kansas City
Business Bancorp, San Jose, California — to
engage de novo (providing to others
financially related data processing and data
transmission services, facilities, and data
bases; or access to them). 3/ (8/18/87)
Approved
New York
Hong Kong and Shanghai Banking Corporation,
Hong Kong, B.C.C., Kellett N.V., Curacao,
Netherlands Antilles, HSBC Holdings, B.V.,
Amsterdam, The Nederlands and Marine Midland
Banks, Inc., Buffalo, New York — for
approval to engage through a newly formed
subsidiary, Marine Midland Payment Services,
Inc., in the issuance and sale of payment
instruments.
(8/17/87)
Richmond
Dominion Bankshares Corporation, Roanoke,
Virginia — for approval to acquire First
Trust Company, Springfield, Tennessee. 1/
(8/20/87)
St. Louis
Mark Twain
Missouri —
Accredited
St. Louis,
making and
St. Louis
Ozark Bankshares, Inc., Ozark, Arkansas —
for approval to acquire 100 percent of the
voting shares of Ozark Financial Services,
Inc., Ozark, Arkansas, and Ozark Commercial
Corporation, Tulsa, Oklahoma. 1/ (8/20/87)
Minneapolis
First State Banking Corporation, Alcester,
South Dakota — to engage in the activity of
providing data processing services to three
insurance agencies which are affiliated with,
but are not subsidiaries of, Applicant. 1/
(8/20/87)
Kansas City
Jason Bankshares, Inc., Offerle, Kansas —
for approval to conduct general insurance
agency activities in Offerle, Kansas.
(8/17/87)
1/
3/
Bancshares, Inc., St. Louis,
for approval to acquire
Premium Acceptance Corporation,
Missouri and thereby engage in
servicing loans. 1/ (8/10/87)
Application 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, 1987, No. 34
12
ACTIONS OF THE BOARD - Continued
Permitted
Boston
Bank of New England Corporation, Boston,
Massachusetts, to engage de novo (making,
acquiring and/or servicing loans for itself
or for others of the type made by a sales
finance company) through its subsidiary, CBT
Acceptance Corporation, East Hartford,
Connecticut. 3/ (8/21/87)
Boston
Shawmut Corporation, Boston, Massachusetts —
to engage de novo (selling credit life,
disability, or involuntary unemployment
insurance) on a nationwide basis through
Shawmut Insurance Agency, Inc., Boston,
Massachusetts. 3/ (8/21/87)
Boston
United Saver' Bancorp, Inc., Manchester, New
Hampshire — to engage de novo (making,
acquiring and/or servicing loans for itself
or for others of the type made by a mortgage
company) through Dartmouth Mortgage Company,
Inc., Hanover, New Hampshire. The activities
would be conducted in New England and New
York. 3/ (8/24/87)
New York
Norstar Bancorp, Inc., Albany, New York — to
engage de novo (engaging in the activities of
a trust company of a fiduciary, agency, or
custodial nature) through Norstar Trust
Company of Florida, N.A. 3/ (8/17/87)
Richmond
First Community Bancshares, Inc., Princeton,
West Virginia — to engage de novo (providing
to others financially related data processing
and data transmission services, facilities,
and data bases; or access to them; tax
planning and preparation). The geographic
area to be served will be the State of West
Virginia. 3/ (8/20/87)
Atlanta
The Citizens and Southern Corporation,
Atlanta, Georgia — to engage de novo
(engaging in full pay-out personal and real
property leasing) through its subsidiary, C&S
Capital Corporation, Atlanta, Georgia and
Arlington, Texas. 3/ (8/19/87)
3/
Notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1987, No. 34
13
ACTIONS OF THE BOARD - Continued
Chicago
Clintonville Banshares, Inc., Clintonville,
Wisconsin, to engage de novo (engaging in
insurance agency activities in a town of less
than 5,000 persons). 3/ (8/21/87)
San Francisco
Landmark Bancorp, La Habra, California — to
engage de novo (engaging in the activities of
a trust company of a fiduciary, agency, or
custodial nature) through Exceimark Financial
Services, Inc., La Habra, California. 3/
(8/18/87)
Redemption of Shares
Kansas City
Harper Bancshares, Inc., Wichita, Kansas.
(8/18/87)
1/
* * * * *
Issued Intent Not to Disapprove Change of Control Pursuant
to Change in Bank Control Act of 1978
Approved
Kansas City
Blue Hill Agency, Inc., Blue Hill, Nebraska.
1/ (8/20/87)
Kansas City
Harper Bancshares, Inc., Wichita, Kansas.
(8/18/87)
Kansas City
Superior Bancshares, Inc., Kansas City,
Missouri. 1/ (8/18/87)
1/
* * * * *
To Establish a Domestic Branch Pursuant to Section 9
of the Federal Reserve Act
Received
Philadelphia
New Jersey National Bank, Pennington, New
Jersey — to sell a branch located at 15
South Laurel Street to Security Savings and
Loan Association, Vineland, New Jersey. 2/
Richmond
Central Fidelity Bank, Richmond, Virginia, to
establish an Electronic Funds Transfer
Facility in the Virginia Polytechnic
Institute and State University Bookstore,
Blacksburg, Virginia. 2/
1/
Application processed on behalf of the Board of Governors
under delegated authority.
3/
Notification processed by Reserve Bank on behalf of the
of Governors under delegated authority.
Board
H.2, 1987, No. 34
14
APPLICATIONS RECEIVED
G.W. Jones Exchange Bank, Marcellus, Michigan
— to establish a branch at 12097 M-60,
Jones, Michigan. 2/
Chicago
* * * * *
To Merge Pursuant: to Section 18 (c) of the
Federal Deposit Insurance Act
Received
Kansas City
First Nebraska Bank-Valley, Valley, Nebraska
— to merge with First Nebraska Bank Brainard, Brainard, Nebraska, First Nebraska
Bank - Decatur, Decatur, Nebraska, First
Nebraska Bank, N.A., Emerson, Emerson,
Nebraska, First Nebraska Bank, N.A., Stanton,
Stanton, Nebraska, and First Nebraska Bank,
N.A., Columbus, Columbus, Nebraska. 2/
Dallas
Allied Humble Bank, N.A., Humble, Texas -- to
merge with Allied Bank North Belt, N.A.,
Houston, Texas. 2/
Dallas
Allied Pasadena National Bank, Pasadena,
Texas — to merge with Allied Bank North
Belt, N.A., Houston, Texas. 2/
Lincoln Bank and Trust Company, Ruston,
Louisiana — to merge with Central Bank,
Monroe, Louisiana. 2/
* * * * *
To Become a Member of the Federal Reserve System Pursuant
to Section 9 of the Federal Reserve Act
Received
Philadelphia
Berks County Bank, Reading, Pennsylvania.
Atlanta
First Cumberland Bank, Madison, Tennessee.
2/
21
* * * * *
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
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 , 1987, No. 34
15
APPLICATIONS RECEIVED
Investment.
New York
Chemical International Finance, Ltd., New
York, New York — prior notice of its intent
to make an additional investment in The Bank
of New Providence, Limited, Nassau, Bahamas
("BNP").
Morgan Guaranty International Bank, Miami,
Florida and Morgan Guaranty International
Finance Corporation, New York, New York —
requesting approval of a transfer in the
ownership of Morgan Guaranty Finance Limited,
a finance company incorporated in Bermuda,
from MGIFC to MGIB.
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Received
New York
Key Bancshares of Utah, Inc., Salt Lake City,
Utah — for approval to acquire 100 percent
of the voting shares of Commercial
Security Bancorporation, Salt Lake City,
Utah, and indirectly Commercial Security
Bank, Ogden, Utah. 2/
Minneapolis
Security Banco, Inc., Adams, North Dakota —
for approval to acquire 100 percent of the
voting shares of Security State Bank, Adams,
North Dakota. 2/
San Francisco
Western Community Bancorp, Corona, California
— for approval to acquire 100 percent of the
voting shares of Western Community Bank of
Corona, Corona, California. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Received
New York
2/
Horizon Bancorp, Morristown, New Jersey —
for approval to acquire 100 percent of the
voting shares of Princeton Bank of
Pennsylvania, Philadelphia, Pennsylvania, a
proposed new bank. 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, 1987, No
34
16
APPLICATIONS RECEIVED
New York
KeyCorp, Salt Lake City, Utah — for approval
to acquire 100 percent of the voting shares
of Commercial Security Bancorporation, Salt
Lake City, Utah, and indirectly Commercial
Security Bank, Odgen, Utah. 2/
Philadelphia
First Pennsylvania Corporation, Philadelphia,
Pennsylvania — for approval to acquire 100
percent of the voting shares of First
Pennsylvania Bank (New Jersey), National
Association, Evesham Township, New Jersey, a
proposed new bank. 2/
Richmond
Commerce Union Corporation, Nashville,
Tennessee — for approval to acquire 100
percent of the voting shares of Security Bank
and Trust Company, Centerville, Tennessee.
2/
Chicago
Marine Corporation, Springfield, Illinois —
for approval to acquire 100 percent of the
voting shares of Commercial Bancshares, Inc.,
Champaign, Illinois, and indirectly The
Commercial Bank of Champaign, Champaign,
Illinois. 2/
Chicago
Marshall & Ilsley Corporation, Milwaukee,
Wisconsin — for approval to acquire 100
percent of the voting shares of Central
Wisconsin Bankshares, Inc., Wausau,
Wisconsin, and indirectly First American
National Bank, Wausau, Wisconsin, Eagle River
State Bank, Eagle River, Wisconsin, Community
State Bank, Eau Claire, Wisconsin, Mosinee
Commercial Bank, Mosinee, Wisconsin, Tri City
State Bank of Marshfield, Marshfield,
Wisconsin, First National Bank of Neilsville,
Neillsville, Wisconsin, Community First Bank,
New Lisbon, Wisconsin, Northern National
Bank, Pelican, Wisconsin, Union National Bank
of Ashland, Ashland, Wisconsin, Wisconsin
Valley Trust Company, Wausau, Wisconsin,
Central National Bank Company of Wausau,
Wausau, Wisconsin, Valley View Bank, La
Crosse, Wisconsin, Bank of Plover, Plover,
Wisconsin, and Bank of Onalaska, Onalska,
Wisconsin. 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, 1987, No. 34
17
APPLICATIONS RECEIVED
Chicago
Marshall & Ilsley Corporation, Milwaukee,
Wisconsin -- for approval to acquire 100
percent of the voting shares of CWB Holdings
- Onalaska, Inc., Wausau, Wisconsin, and
indirectly Bank of Onalaska, Onalaska,
Wisconsin. 2/
Chicago
Old Kent Financial Corporation, Grand Rapids,
Michigan — for approval to acquire Illinois
Regional Bancorp, Inc., Elmhurst, Illinois,
and indirectly Illinois Regional Bank N.A.,
Elmhurst, Illinois, Illinois Regional Bank,
Naperville, Illinois, Illinois Regional Bank
N.A., St. Charles, Illinois, Colonial Trust
and Savings Bank, Peru, Illinois, Illinois
Regional Bank Bureau County, Princeton,
Illinois, and First Commercial Bank of
Rolling Meadows, Rolling Meadows, Illinois.
2/
Chicago
Old Kent Financial Corporation, Grand Rapids,
Michigan — for approval to acquire Plum
Grove Bancorporation, Inc., Rolling Meadows,
Illinois, and indirectly First Commercial
Bank of Rolling Meadows, Rolling Meadows,
Illinois. 2/
St. Louis
Colonial Bancshares, Inc., Des Peres,
Michigan — for approval to acquire 100
percent of the voting shares of The Village
Bank of St. Louis County, St. Louis County,
Missouri, a proposed new bank. 2/
Minneapolis
Norwest Corporation, Minneapolis, Minnesota,
and Norwest Financial Services, Inc., Des
Moines, Iowa — for approval to acquire 100
percent of the voting shares of Dial National
Bank, Des Moines, Iowa, a proposed new bank.
2/
* * * * *
To Expand a Bank Boldin? Company Pursuant to Section
3 (a)(5) of the Bank Holding Company Act of 1956
Received
Kansas City
2/
United Community Corporation, Oklahoma City,
Oklahoma — for approval to merge with
Arbuckle Bancorp, Inc., Sulphur, Oklahoma,
and indirectly acquire First Oklahoma Bank
and Trust Company, Sulphur, Oklahoma. 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, 1987, No. 34
18
APPLICATIONS RECEIVED
Kansas City
United Community Corporation, Oklahoma City,
Oklahoma — for approval to merge with First
Madill Bancorporation, Inc., Madill,
Oklahoma, and indirectly acquire First
National Bank of Marshall County, Madill,
Oklahoma. 2/
Kansas City
United Community Corporation, Oklahoma City,
Oklahoma — for approval to merge with First
Praque Bancorporation, Inc., Prague,
Oklahoma, and indirectly acquire First
National Bank, Prague, Oklahoma. 2/
Kansas City
United Community Corporation, Oklahoma City,
Oklahoma — for approval to merge with
Kiamichi Bancshares, Inc., Hugo, Oklahoma,
and indirectly acquire The Citizens State
Bank, Hugo, Oklahoma. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Received
New York
The Chase Manhattan Corporation, New York,
New York — for approval to acquire through
its wholly-owned subsidiary, Chase Home
Mortgage Corporation, selected assets and
liabilities of Lyons Mortgage Corp., Rolling
Meadows, Illinois, and thereby engage in the
servicing of loans and origination of
residential mortgages.
Atlanta
AmSouth Bancorporation, Birmingham, Alabama
— for approval to acquire Gulf Coast Realty
Group, Inc., Pensacola, Florida, and thereby
engage in the business of appraising
commercial and residential properties.
Chicago
First Illinois Corporation, Evanston,
Illinois — for approval to acquire
Multi-Familiy Resources, Inc., New York, New
York, and thereby engage in mortgage banking
activities and in arranging commercial real
estate equity financing.
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, 1987, No. 34
19
APPLICATIONS RECEIVED
Chicago
Midwest Financial Group, Inc., Peoria,
Illinois, to engage de novo (making,
acquiring and/or servicing loans for itself
or for others of the type made by a
commercial finance company.
(8/20/87)
Chicago
Marshall & Ilsley Corporation, Milwaukee,
Wisconsin — for approval to acquire
Wisconsin Valley Trust Company, Wausau,
Wisconsin, and thereby engage in trust
services to individuals, corporations, and
charitable institutions.
Chicago
Marshall & Ilsley Corporation, Milwaukee,
Wisconsin — for approval to acquire First
American Investment, Inc., Wausau, Wisconsin
and thereby act as a broker or dealer
retailing corporate securities over the
counter; mutual funds retailer; put and call
broker or dealer or option writer;
underwriter or selling group participant;
broker or dealer selling tax shelters or
limited partnerships; broker or dealer
selling oil and gas interest.
Chicago
Old Kent Financial Corporation, Grand Rapids
Michigan — for approval to acquire Illinois
Regional Mortgage Corporation, Oakbrook,
Illinois, and thereby engage in mortgage
brokering activities.
San Francisco
First Interstate Bancorp, Los Angeles,
California — to engage de novo through a
wholly-owned subsidiary, First Interstate
Capital Markets, Inc., Los Angeles,
California in underwriting and dealing
activities.
@FedFRASER