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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1980 No. 34) Actions of the Board; Applications and Reports Received During the Week Ending August 23, 1980 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD The Board revised its rules for the use of "ineligible paper" as collateral at the discount window, in accordance with the Monetary Control Act of 1980. Regulation B, Equal Credit Opportunity; the Board proposed for comment two interpretations concerning consideration of income and disclosure of reasons for adverse action; the Board asked for comment by October 20, 1980. (Docket No. R-0203) Regulation Z, the Board deferred date on which new methods of calculating and disclosing the annual percentage rate on consumer loans under Regulation Z become mandatory. (Docket No. R-0239) Policy statement dealing with bank holding company participation in forward placement or delayed delivery contracts and interest rate futures contracts. Kansas City American Bancorporation of Muskogee, Inc., Muskogee, Oklahoma, extension of time to September 19, 1980, within which to consummate the acquisition of American Bank of Muskogee, Muskogee, Oklahoma. 1/ Kansas City American National Corporation, Omaha, Nebraska, extension of time to September 22, 1980, within which to cnsummate the acquisition of ANB Bank, N.A., Omaha, Nebraska. J L / Atlanta Bay Bancorporation, Inc., Riverview, Florida, extension of time to November 21, 1980, within which to become a bank holding company through acquisition of Bank of Riverview, Riverview, Florida. 17 1/ Application processed on behalf of the Board of Governors under delegated authority. I H.2, 1980 No. 34 - 2 ACTIONS OF THE BOARD-Continued Chicago Citizens Bancorp., Inc., Waukegan, Illlinois, extension of time to November 24, 1980, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to The Citizens National Bank of Waukegan, Waukegan, Illinois. J L / Dallas Concho Bancshares, Inc., San Angelo, Texas, extension of time to September 22, 1980, within which to consummate the acquisition of Southwest Bank of San Angelo, San Angelo, Texas. 1/ Chicago Danville Bancshares, Inc., Danville, Illinois, extension of time to November 24, 1980, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to The Second National Bank of Danville, Danville, Illinois. J L / Chicago First Security Bancorp., Inc., Moline, Illinois, extension of time to November 24, 1980, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to Moline National Bank, Moline, Illinois. 1/ Chicago Indiana Bancorp, Inc., Fort Wayne, Indiana, extension of time to November 10, 1980, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of Indiana Bank and Trust Company of Fort Wayne, Fort Wayne, Indiana. V Kansas City Jennings Bank Shares, Inc., Jennings, Kansas, extension of time to October 14, 1980, within which to consummate the acquisition of Jennings Bank, Jennings, Kansas. JL/ Atlanta Southern Bank Holding Company, Savannah, Georgia, extension of time to November 17, 1980, within which to become a bank holding company through acquisition of Southern Bank and Trust Company, Savannah, Georgia. 17 Chicago Starke County Bancorp, Inc., Knox, Indiana, extension of time to October 23, 1980, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to Farmers Bank and Trust Company, Knox, Indiana. 17 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 34 3 ACTIONS OF THE BOARD-Continued Chicago Streator Bancorp., Inc., Streator, Illinois, extension of time to November 24, 1980, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to The Streator National Bank, Streator, Illinois. 1/ San Francisco Deregistration for SRI Federal Credit Union, Menlo Park, California. 1/ Cleveland Peoples-Liberty Bank of Northern Kentucky, Covington, Kentucky, an investment in bank premises. 1/ Boston Indian Head Bank of Portsmouth, Portsmouth, New Hampshire, proposed consolidation with Indian Head Bank of Exeter, Exeter, New Hampshire; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ New York Peoples Bank for Savings of New Rochelle, New York, New Rochelle, New York, proposed merger into East River Savings Bank, New York, New York; report to the Federal Deposit Insurance Corporation on competitive factors. V JL/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 34 ACTIONS OF THE BOARD-Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act New York Approved The Bank of New York, New York, New York. To establish an electronic branch on the southwest corner of the intersection of Station Plaza and Duffe Place, Valley Stream, Nassau County, New York. 1/ & 2/ New York Chemical Bank, New York, New York. To operate a full-service seasonal boat branch at: Davis Park Dock, Cherry Grove Dock, and Ocean Bay Park Dock, Fire Island, Suffolk County, New York. 1/ & 2/ New York Chemical Bank, New York, New York. Branch to be established on the basement level of the James Hall Building, Brooklyn College, Brooklyn, Kings County, New York. 1/ & 2J New York Chemical Bank, New York, New York. Branch to be established at the South Street Seaport, 209 Water Street, New York, New York. 1/ & 2/ New York Manufacturers and Traders Trust Company, Buffalo, New York. To establish an electronic branch at the State University College at Buffalo, 1300 Elmwood Avenue, Buffalo, Erie County, New York. 1/ & 2/ New York Chemical Bank, New York, New York. To establish a public accomodation office at 300 Wheatley Plaza, Greenvale, North Hempstead, Nassau County, New York. 1/ & 2/ Cleveland Peoples-Liberty Bank of Northern Kentucky, Covington, Kentucky. Branch to be established at 2501 Dixie Highway, Ft. Mitchell, Kentucky. V & 2/ Richmond United Virginia Bank, Richmond, Virginia. Branch to be established at the intersection of U.S. Route 340 and State Route 649, Stuarts Draft, Augusta County, Virginia. JJ & 2/ 1/ 2/ Application processed on behalf of the Board of Governors under delegated authority. Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1980 No. 34 - 5 ACTIONS OF THE BOARD-Continued Issued Intent Not to Disapprove Change of Control Pursuant to Change In Bank Control Act of 1978 Minneapolis Not Disapproved First Security Bank of Laurel, Laurel, Montana. * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Kansas City Approved Corporate Woods State Bank, Overland Park, Kansas. 1/ & 2/ * * * * * 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) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended San Francisco New York New York 1/ 2/ Approved Seattle-First International Corporation, Seattle, Washington: grants consent to purchase and hold, directly or indirectly, additional shares of Seafirst Financial Services, Canada, Ltd., Edmonton, Alberta* Sixty Day Notification Period Allowed to Expire Citibank, N.A., New York, New York: no objection to consent to establish an initial branch in Macau. Morgan Guaranty International Finance Corporation, New York, New York: no objection to acquire and hold additional shares of Bank of Commerce Berhad, Kuala Lumpur, Malaysia. Application processed on behalf of the Board of Governors under delegated authority. Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1980 No. 34 - 6 - ACTIONS OF THE BOARD-Continued To Establish a U.S. Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act New York Approved Chemical Bank, New York, New York: grants consent for Chemical Bank International of San Francisco, San Francisco, California to establish a branch in Los Angeles, California. * * * * * To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act New York Approved Banco de Bogota Trust Company, New York, New York: grants consent to establish an Edge Corporation known as Banco de Bogota International Corporation, Miami, Florida. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Minneapolis Approved Browns Valley Bancshares, Inc., Browns Valley, Minnesota, for approval to acquire 93.3 percent of the voting shares of Union State Bank of Browns Valley, Browns Valley, Minnesota. V & 2/ Minneapolis Escrow Corporation of America, Inc., Pennock, Minnesota, for approval to acquire 96.5 percent of the voting shares of State Bank of Pennock, Pennock, Minnesota. 1/ & 2/ Minneapolis Kandiyohi Bancshares, Inc., Kandiyohi, Minnesota, for approval to acquire 85.8 percent of the voting shares of Home State Bank, Kandiyohi, Minnesota. 1/ & 2/ 1/ 2/ Application processed on behalf of the Board of Governors under delegated authority. Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. 1 - 7 - H.2, 1980 No. 34 ACTIONS OF THE BOARD-Continued Kansas City Citizens Banco, Inc., Westminster, Colorado, for approval to acquire 80 percent or more of the voting shares of Citizens Bank, Westminster, Colorado. JL/ & 2/ Kansas City Tecumseh Bankshares, Inc., Tecumseh, Nebraska, for approval to acquire 95.42 percent of the voting shares of Johnson County Bank, Tecumseh, Nebraska. 1/ & 2/ Dallas Amador Bancshares, Inc., Las Crvces, New Mexico, for approval to acquire 80-100 percent of the voting shares (less directors' qualifying shares) of Citizens Bank of Las Cruces, Las Cruces, New Mexico. 1/ & 2/ Dallas Continental Bancshares, Inc., Dallas, Texas, for approval to acquire 88.85 percent of the voting shares of Bank of Texas, Dallas, Texas. 1/ & 2/ Dallas Durant Bancorp, Inc., Durant, Oklahoma, for approval to acquire 100 percent of the voting shares of The Durant Bank & Trust Company, Durant, Oklahoma. V & 2/ Dallas First National Bancorp, Inc., Shreveport, Louisiana, for approval to acquire 100 percent of the voting shares of The First National Bank of Shreveport, Shreveport, Louisiana. 1/ San Francisco Kansas City 1/ 27 & 2/ The Wilshire Bancorporation, Los Angeles, California, for approval to acquire 100 percent of the voting shares of The Wilshire Bank, N.A., Los Angeles, California, a proposed new bank. 1/ & 2/ Denied Welch Bancshares, Inc*, Welch, Oklahoma, for approval to acquire 100 percent (less directors' qualifying shares) of the voting shares of Welch State Bank of Welch, Oklahoma, Welch, Oklahoma. 2/ Application processed on behalf of the Board of Governors under delegated authority. Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1980 No. 34 — 8 — ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Chicago Approved Chemical Financial Corporation, Midland, Michigan, for approval to acquire 99.2 percent of the voting shares of First National Bank of Lake City, Lake City, Michigan. 1/ & 2/ Chicago The First National Company, Storm Lake, Iowa, for approval to acquire 80 percent or more of the voting shares of The National Bank of Rockwell City, Rockwell City, Iowa. 1/ & 2/ St. Louis Mark Twain Bancshares, Inc., St. Louis, Missouri, for approval to acquire at least 90 percent of the voting shares of Progress Bank, Fenton, Missouri. JJ & 2/ Kansas City Wyoming Bancorporation, Cheyenne, Wyoming, for approval to acquire 100 percent (less directors' qualifying shares) of First Wyoming Bank - Worland, Worland, Wyoming, a proposed new bank. 2/ Dallas Denied Republic of Texas Corporation, Dallas, Texas, for approval to acquire 100 percent (less directors' qualifying shares) of the voting shares of The Citizens National Bank of Waco, Waco, Texas. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 St. Louis 1/ 2/ Approved Mark Twain Bancshares, Inc., St. Louis, Missouri, for approval to merge Mark Twain Acquisition Corporation, St. Louis, Missouri with Empire Bancorp, Inc., Kansas City, Missouri and thereby indirectly acquire Empire Bank & Trust Company, Kansas City, Missouri. 1/ & 2/ Application processed on behalf of the Board of Governors under delegated authority. Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1980 No. 34 - 9 ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Chicago Approved Crawfordsville Insurance Agency, Inc., Crawfordsville, Iowa, for approval to continue to engage in the sale of general insurance in Crawfordsville, Iowa, a town with less than 5,000 population. 1/ Chicago The Marine Corporation, Milwaukee, Wisconsin, for approval to provide trust services through its subsidiary, The Marine Trust Company, N.A., Madison, Wisconsin at its banking subsidiary, Commercial Marine Bank, Madison, Wisconsin. 1/ St. Louis Mercantile Bancorporation, Inc., St. Louis, Missouri, for approval to engage jde novo in the sale of property and and casualty insurance directly related to extensions of credit or other financial services by Applicant's banking subsidiaries in Missouri through its subsidiary, MBI Insurance Agency, Inc., St. Louis, Missouri. Minneapolis Ellingson Corporation, Kenyon, Minnesota, for approval to continue to sell insurance as a general insurance agent in the town of Kenyon, Minnesota, a community with less than 5,000 population. 1/ Minneapolis Escrow Corporation of America, Inc., Pennock, Minnesota, for approval to acquire Pennock Agency, Pennock, Minnesota, a partnership engaging in general insurance agency activities in a community with less than 5,000 population. 1/ Minneapolis Madison Agency, Inc., Madison, Minnesota, for approval to continue to sell insurance as a general insurance agent in the town of Madison, Minnesota, a community with less than 5,000 population. V Dallas First City Bancorporation of Texas, Houston, Texas, for approval to acquire 100 percent of the voting shares of First City Insurance Agency, Houston, Texas. Kansas City 1/ Reactivated The First National Bancorporation, Inc., Denver, Colorado, notification of intent to engage in de novo activities (leasing personal or real property and acting as agent, broker, or adviser In leasing such property and servicing Application processed on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 34 — 10 — ACTIONS OF THE BOARD-Continued such leases) at 333-17th Street, Denver, Colorado, through its wholly-owned subsidiary, First Colorado Leasing Corporation (8/18/80) 3/ New York Permitted Barclays Bank Limited and Barclays Bank International Limited, both of London, England, notification of intent to relocate de novo activities (making direct consumer loans and purchasing of sales finance contracts representing extensions of credit such as would be made or acquired by a consumer finance company, and wholesale financing (floor planning); and acting as agent for the sale of related credit life, credit accident and health and credit property insurance) from 819 South Lewis Street to 5150-C South Memorial, Tulsa, Oklahoma, through their subsidiary, BarclaysAmericanCorporation and from 770 Patton Avenue to 278 Smokey Park Highway, Asheville, North Carolina, through their subsidiary, BarclaysAmerican/Credit, Inc. (8/21/80) 3/ Philadelphia First Pennsylvania Corporation, Philadelphia, Pennsylvania, notification of intent to engage in de novo activities (the purpose of administrating and liquidating certain assets consisting of commercial finance receivables) at 3760 Vance Street, Wheatridge, Colorado, through its subsidiary, First Pennsylvania Leasing, Inc. (8/24/80) 3/ Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities (mortgage banking activities, including acting as insurance agent with respect to the sale of credit life insurance and/or mortgage redemption insurance) at 1111 East Lincoln Way, Cheyenne, Wyoming, through a subsidiary, Mellon Mortgage Inc.-West (8/20/80) 3/ Atlanta The Attalia Trust Company, Altoona, Alabama, notification of intent to engage in de novo activities (to continue to engage in the operation of a small loan company, including the extension of direct loans for consumers and other purposes; and acting as agent for the sale of credit life insurance directly related to extensions of credit; to continue to finance loans for consumers and other purposes for individuals unable to secure bank loans) at Sixth Avenue, Altoona, Alabama, through its subsidiaries, Etowah Loan Company and Etowah Finance Corporation (8/15/80) 3/ 3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 34 - 1 1 - ACTIONS OF THE BOARD-Continued Atlanta First State Banking Corporation, Miami, Florida, notification of intent to engage in de novo activities (making, acquiring, and servicing loans and other extensions of credit secured by real estate mortgages) at 499 State Road #434, P.O. Box 1057, Altamonte Springs, Florida, through a subsidiary, First State Mortgage Company (8/21/80) 3/ Chicago Ames National Corporation, Ames, Iowa, notification of intent to engage in de novo activities (to engage in lending activities including, but not limited to, real estate, commercial and installment loans) at 2330 Lincoln Way and 5th and Burnett, Ames, Iowa (8/21/80) 3/ Chicago Walter E. Heller International Corporation, Chicago, Illinois, notification of intent to engage in de novo activities (to engage in commercial finance and factoring activities) at 4000 McArthur Boulevard, Newport Beach, California, through its subsidiary, Walter E. Heller Western Incorporated (8/18/80) 3/ Kansas City The First National Bancorporation, Inc., Denver, Colorado, notification of intent to engage in jle novo activities (leasing personal or real property and acting as agent, broker, or adviser in leasing such property and servicing such leases) at 333-17th Street, Denver, Colorado, through its wholly-owned subsidiary, First Colorado Leasing Corporation (8/19/80) 3/ San Francisco Old National Bancorporation, Spokane, Washington, notification of intent to engage in d_e novo activities (making or acquiring, for its own account or for the account of others, loans or other extensions of credit secured by real estate mortgages or deeds of trust, and the servicing of such loans; and acting as agent or broker for the sale of mortgage redemption life and disability insurance and property and casualty insurance to be issued in connection with the making, acquiring or servicing of such loans; Cascade Escrow Company in serving as an escrow or closing agent in connection with the closing of real estate loans financed by credit extending 37 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 34 — 12 - ACTIONS OF THE BOARD-Continued subsidiaries of Old National Bancorporation; and Union Securities Co. acting as agent for the sale of mortgage redemption life and disability insurance and property and casualty insurance to be issued in connection with loans made, acquired, or serviced by Bancshares Mortgage Company) at 19420 Highway 99, Lynnwood, Washington and at 1826 North Main, Helena, Montana, through its subsidiaries, Bancshares Mortgage Company, Cascade Escrow Company and Union Securities Co. (8/21/80) 3/ San Francisco Security Pacific Corporation, Los Angeles, California, notification of intent to engage in de novo activities (to engage in acting as escrow agent for the purchase and sale of real property and the execution of all documents and disbursal of funds relating to loan transactions and all other activities engaged in by an escrow company) in Denver, Colorado, through an indirect subsidiary, Rocky Mountain Escrow, Inc. (8/25/80) 3/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Kansas City 57 Permitted Baldwin-United Corporation, Cincinnati, Ohio, notification of intent to acquire 100 percent of the stock of The Phoenix Corporation, Austin, Texas and thereby acquire approximately 55 percent of its subsidiary, The Continuum Company, Austin, Texas (8/21/80) 3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 34 -13APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section , 9 of the Federal Reserve Act Philadelphia Fidelity Bank, Rosemont, Pennsylvania. Branch to be established at 600 North Jackson Street, Media, Pennsylvania. 2/ Philadelphia Girard Bank, Bala Cynwyd, Pennsylvania. To establish an offsite electronic facility to be located at the Penn Central Station, Germantown and Evergreen Avenue, Philadelphia, Pennsylvania. 2/ Atlanta The Bank of New Orleans and Trust Company, New Orleans, Louisiana. To establish an automatic teller machine at 801 Chartree Street, New Orleans, Louisiana. 2/ Atlanta Flagship Bank, Tampa, Florida. Branch to be established at the 2000 block of South Macdill between San Rafael and San Isidro, Tampa, Florida. 2/ Kansas City Bank of Neosho, Neosho, Missouri. Branch to be established at Rangeline and 53rd Street (Southern Hills Drive), Leawood, Missouri. 2/ Dallas Citizens Bank and Trust Company of Baytown, Baytown, Texas. To establish an offsite electronic facility in Baytown, Texas. 2/ San Francisco Farmers and Merchants Bank of Central California, Lodi, Callfornia. Branch to be established on Cherokee Lane in the vicinity of Lodi Avenue and Eden Street, Lodi, San Joaquin County, California. 2/ San Francisco United California Bank, Los Angeles, California. Branch to be established in the vicinity of the intersection of Highway 111 and Country Club Drive, Rancho Mirage, Riverside County, California. 2/ * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act . Chicago 2? Security Savings Bank, Marshalltown, Iowa, to merge with State Bank, Gladbrook, Iowa. 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1980 No. 34 -14APPLICATIONS RECEIVED-Continued To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act Chicago The First National Bank of Chicago, Chicago, Illinois: requests consent to establish a new Edge corporation to be known as First Chicago International, Chicago, Illinois and to establish branches in Boston, Houston, Los Angeles, New York, San Francisco and Miami, Florida. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Boston Security Bancorp, Inc., Hampton, New Hampshire, for approval to acquire 100 percent (less directors' qualifying shares) of the voting shares of the successor by merger to Hampton National Bank, Hampton, New Hampshire. 2/ Atlanta Catoosa Bancshares, Inc., Fort Oglethorpe, Georgia, for approval to acquire at least 85 percent of the voting shares of Fort Oglethorpe State Bank, Fort Oglethorpe, Georgia. 2/ Atlanta Cumming Bancshares, Inc., Gumming, Georgia, for approval to acquire 100 percent of the voting shares of Bank of Gumming, Gumming, Georgia. 2/ Atlanta First Englewood Bank Corp., Englewood, Florida, for approval to acquire 80 percent of the voting shares of Englewood Bank and Trust, Englewood, Florida. 2/ Chicago Elmwood Financial Corporation, Racine, Wisconsin, for approval to acquire 80 percent or more of the voting shares of Bank of Elmwood, Racine, Wisconsin. 2/ Chicago First Paullina Bancorp, Paullina, Iowa, for approval to acquire 95,5 percent of the voting shares of The First National Bank of Paullina, Paullina, Iowa. 2j St. Louis HAMBAC, Inc., Hodgenville, Kentucky, for approval to acquire 80.7 percent of the voting shares of The Lincoln National Bank, Hodgenville, Kentucky. 2j 2J Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1980 No. 34 -15APPLICATIONS RECEIVED-Cont1nued St. Louis Hutsoaville Bank Corp., Hutsonvilie, Illinois, for approval to acquire at least 80 percent of the voting shares of Farmers and Merchants Bank of Hutsoaville, Hutsonville, Illinois. 2/ Minneapolis Hunter Holding Company, Hunter, North Dakota, for approval to acquire 100 percent of the voting shares (less directors' qualifying shares) of Security State Bank of Hunter, Hunter, North Dakota. 2/ Kansas City Douglas Bancorporation, Inc., Parker, Colorado, for approval to acquire at least 80 percent of the voting shares of Bank of the West, Parker, Colorado. 2/ Dallas Cen-Tex Bancshares, Inc., Georgetown, Texas, for approval to acquire at least 80 percent of the voting shares of The First National Bank of Georgetown, Georgetown, Texas. 2/ Dallas First Grand Prairie Bank Shares, Inc., Grand Prairie, Texas, for approval to acquire at least 80 percent of the voting shares of National Bank of Grand Prairie, Grand Prairie, Texas. 2J Dallas Houston American Financial Corporation, Houston, Texas, for approval to acquire 100 percent of the voting shares (less directors' qualifying shares) of American Bank, Houston, Texas. If Dallas Montwood Bancshares, Inc., El Paso, Texas, for approval to acquire at least 80 percent of the voting shares of Montwood National Bank, El Paso, Texas. 27 Dallas Orange Bancshares, Inc., Orange, Texas, for approval to acquire 80 percent of the voting shares of Orange Bank, Orange, Texas. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Chicago 27 Security Financial Services, Inc., Sheboygan, Wisconsin, for approval to acquire 80 percent of the voting shares of Bank of Menasha, Menasha, Wisconsin. 2/ Application subject to Community Reinvesmtent Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. I H.2, 1980 No. 34 — 16 — APPLICATIONS RECEIVED-Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York Chemical New York Corporation, New York, New York, notification of intent to engage i n d e novo activities (leasing real and personal property and equipment on a non-operating, full payout basis, and acting as agent, broker and adviser with respect to such leases; financing real and personal property and equipment such as would be done by a commercial finance company; and servicing such extensions of credit) at Executive Point, Suite 504, 101 Wymore Road, Altamonte Springs, Florida, through its subsidiary, Chemical Business Credit Corp. (8/21/80) 3/ New York Citicorp, New York, New York, notification of intent to engage in de novo activities (in the sale of credit life and credit accident and health insurance in connection with its credit card activities and in the sale of credit proprty insurance in connection with both its credit card and direct consumer lending activities) these activities would be conducted from Citicorp Financial, Inc.'s approved office located at 7720 York Road, Towson, Maryland; it is also proposed that an additional limited purpose office at Harundale Mall, Ritchie Highway and Aquahart Road, Glen Burnie, Maryland will provide customer service, account adjustment and application acceptance functions in connection with these proposed new activities, and also in connection with the present activities of Citicorp Financial, Inc. relating to the purchase and servicing, for its own account or the account of others, of credit card accounts receivable (8/21/80) 3/ New York J. P. Morgan & Co. Inc., New York, New York, notification of intent to engage in de novo activities (to Include making loans to projects designed for community welfare purposes; previously approved activities, which include the financing of housing for low and moderate income persons will con- 3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 34 - 17 APPLICATIONS RBCEIVED-Contlnued tinue to be engaged in; the service area for the existing and expanded activities continues to Include the United States, its territories, possessions and Puerto Rico) at 23 Wall Street, New York, New York, through its subsidiary, Morgan Community Development Corporation (8/21/80) 3/ New York Manufacturers Hanover Corporation, New York, New York, notification of intent to relocate de novo activities (origination and servicing of mortgage loans; sale of credit related insurance) from 1121 Superior Boulevard, Cleveland, Ohio to Suite 180, One Independence Place, 4807 Rockside Road, Independence, Ohio, through a subsidiary, Manufacturers Hanover Mortgage Corporation (8/20/80) 3/ Richmond Maryland National Corporation, Baltimore, Maryland, for approval to expand the reinsurance underwriting activities of its subsidiary, Mid-Atlantic Life Insurance Company, to include credit life and credit accident and health policies sold in connection with extensions of credit by the holding company and its subsidiaries in New Jersey and Virginia. Chicago Ackley Bancorporation, Ackley, Iowa, for approval to retain ownership of Ackley Insurance Agency, Ackley, Iowa, a general insurance agency with a population of less than 5,000. Chicago Munter Agency, Inc., Strawberry Point, Iowa, for approval to retain general insurance activities through Union Insurance Agency, Strawberry Point, Iowa, in a town with a population of less than 5,000, Minneapolis Barnesville Investment Corporation, Barnesville, Minnesota, for approval to continue to engage in general insurance activities in a community with a papulation of less than 5,000. Minneapolis Insurance by Stretilow, Inc., Casselton, North Dakota, for approval to continue to engage in operating a general insurance agency in a community with a population not exceeding 5,000. Minneapolis Lanesboro Agency, Inc., Lanesboro, Minnesota, for approval to continue to engage in operating a general insurance agency in a community with less than 5,000 population. 37 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 34 — 18 - APPLICATIONS RECEIVED-Continued Kansas City First of Herington, Inc., Herington, Kansas, for approval to retain general insurance agency activities in a community with less than 5,000 population. Kansas City Republic Bancorporation, Inc., Tulsa, Oklahoma, for approval to acquire 100 percent of the voting shares of Guaranty Trust Company, Ponca City, Oklahoma and the concurrent establishment of a de novo branch of Company in Oklahoma City, Oklahoma. San Francisco Security Pacific Corporation, Los Angeles, California, notification of intent to engage in de novo activities (making or acquiring, for its own account or for the account of others, loans and extensions of bredit including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions,of credit such as would be made by a factoring company or a consumer finance company; and acting as broker or agent for the sale of credit related life, accident and health insurance and credit related property and casualty insurance) at 18552 MacArthur Boulevard, Suite 441, Irvine, California, through its wholly-owned subsidiary, Security Pacific Finance, Corp. (8/21/80) 3/ * * * * * For Exemption Pursuant to Section 4(d) of the Bank Holding Company Act of 1956 Chicago Kemper Corporation and Lumbermens Mutual Casualty Company, both of Long Grove, Illinois, for approval to retain Bank of Chicago, Chicago, Illinois. * * * * * REPORTS RECEIVED None. 3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 34 -19APPLICATIONS RECEIVED-Contlnued PETITIONS FOR RULEMAKING None.
@FedFRASER