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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1988, No. 35
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending August 27, 1988.
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
Moore Financial Group Incorporated* Boise* Idaho —
to acquire Western Bank Holding Company* Bellevue*
Washington* and First Western Bank.
Approved* August 24* 1988.
INTERNATIONAL OPERATIONS
Citibank Overseas Investment Corporation* Wilmington*
Delaware — to engage in real estate brokerage in
Japan through Cititrust and Banking Corporation*
Tokyo* Japan.
Approved* August 24* 1988.
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES* DOMESTIC
Cleveland
Chase Bank of Ohio* Columbus* Ohio — to establish a
branch at 1300 East 9th Street* Cleveland* Ohio.
Approved* August 26* 1988.
Cleveland
The Fifth Third Bank* Cincinnati* Ohio — to
establish a branch at 2100 Whipp Road* Kettering*
Ohio.
Approved* August 26* 1988.
Minneapolis
Grand Rapids State Bank* Grand Rapids* Minnesota —
to establish a branch at Pokegama Avenue and Golf
Course Road•
Approved* August 24* 1988.
Chicago
Old Kent Bank - Southwest* Niles* Michigan — to
establish a branch at 715 Ship Street* St. Joseph*
Michigan.
Approved* August 23* 1988.
Chicago
Old Kent Bank and Trust Company* Grand Rapids*
Michigan — to establish an offsite electronic
facility at L.B. Eberhard Center* 301 West Fulton.
Approved* August 23* 1988.
H.2
AUGUST 2 2 , 1988
PAGE 2
TO
AUGUST 26, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Philadelphia
Atlantic Bancorporation, Voorhees, New Jersey — to
procure and service residential mortgages through
Glendale Mortgage Services Corporation.
Approved, August 25, 1988.
New York
Barclays PLC, London, England; Barclays Bank PLC; and
Barclays USA Inc.^ Wilmington, Delaware — to
engage de novo in future commission merchant
activities through Barclays de Zoete Wedd
Government Securities, Inc., New York, New York.
Permitted, August 24, 1988.
Boston
Chesthill Bancorp, Inc., Chestnut Hill, Massachusetts
— to become a bank holding company by acquiring
Chestnut Hill Bank and Trust Company.
Withdrawn, August 22, 1988.
Chicago
CNBC Bancorp, Inc., Chicago, Illinois — to engage de
novo in making real estate development and
rehabilitation loans through CNBC Development
Corporation.
Permitted, August 23, 1988.
New York
Community Bank System, Inc., Dewitt, New York — to
merge with Communicorp, Inc., Addison, New York,
and acquire Community National Bank.
Approved, August 24, 1988.
New York
Constellation Bancorp, Elizabeth, New Jersey — to
acquire N.A. Home Investors Mortgage Corporation,
Hackensack, New Jersey.
Approved, August 26, 1988.
Chicago
First Decatur Bancshares, Inc., Decatur, Illinois —
to engage de novo in data processing activities
through FirstTech, Inc.
Permitted, August 26, 1988.
Boston
First NH Banks, Inc., Manchester, New Hampshire — to
acquire the trade name of The Insurance Premium
Finance Corporation, Derry, New Hampshire, through
New England Acceptance Corporation.
Approved, August 25, 1988.
H.2
AUGUST 22, 1988
PAGE 3
TO
AUGUST 26, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Atlanta
First Sterling Bancshares, Inc., Winter Haven,
Florida — to acquire First Sterling Bank of
Osceola County, Kissimmee, Florida.
Approved, August 24, 1988.
Chicago
First Wisconsin Corporation, Milwaukee, Wisconsin;
and F.W.N.S. Corporation — to engage de novo in
providing trust and investment services through
Illinois Trust Company.
Permitted, August 23, 1988.
Richmond
Greenwood National Corporation, Greenwood, South
Carolina — to become a bank holding company by
acquiring Greenwood National Bank, a proposed new
bank.
Approved, August 23, 1988.
Chicago
Mid-Citco Incorporated, Chicago, Illinois — to
acquire Union Bank and Trust Company, Oklahoma
City, Oklahoma.
Approved, August 24, 1988.
New York
ONB Corporation, Clifton Springs, New York — to
become a bank holding company by acquiring The
Ontario National Bank of Clifton Springs.
Approved, August 24, 1988.
Minneapolis
Otto Bremer Foundation, St. Paul, Minnesota; and
Bremer Financial Corporation — to acquire First
American Agency, Inc., of St. Cloud, St. Cloud,
Minnesota.
Approved, August 24, 1988.
Chicago
Prairieland Bancorp, Inc., Bushnell, Illinois — to
acquire Prairieland Accounting and Tax Service.
Approved, August 26, 1988.
San Francisco
The Sanwa Bank, Limited, Osaka, Japan — to engage de
novo in investment advisory activities through The
Sanwa Capital Management Co., Inc., New York, New
York.
Permitted, August 26, 1988.
H.2
AUGUST 22, 1988
PAGE 4
TO
AUGUST 26, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Richmond
South Carolina National Corporation, Columbia, South
Carolina — to engage de novo in underwriting
credit life and disability insurance on consumer
loans nationwide through Southern Provident Life
Insurance Company.
Permitted, August 24, 1988.
Kansas City
Steamboat Springs Holding Company, Steamboat Springs,
Colorado — to become a bank holding company by
acquiring First National Bank of Steamboat Springs.
Withdrawn, August 23, 1988.
Secretary
The Union of Arkansas Corporation, Little Rock,
Arkansas — to acquire Union National Bank of
Texas, Austin, Texas, the successor to BancFirst Westlake, N.A.
Approved, August 26, 1988.
Cleveland
United Bancorp of Kentucky, Inc., Lexington, Kentucky
— to license computer software to financial
institutions through UBK Data System, Inc.
Permitted, August 25, 1988.
San Francisco
W.T.B. Financial Corporation, Spokane, Washington —
to engage de novo in investment advisory activities
through WT Investment Advisors, Inc.
Permitted, August 23, 1988.
BANK PREMISES
Richmond
The Bank of Romney, Romney, West Virginia —
investment in bank premises.
Approved, August 25, 1988.
New York
Bankers Trust Company, New York, New York —
investment in bank premises.
Approved, August 25, 1988.
Cleveland
Chase Bank of Ohio, Columbus, Ohio —
bank premises.
Approved, August 26, 1988.
investment in
H .2
AUGUST 22, 1988
PAGE 5
TO
AUGUST 26, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK PREMISES
Chicago
Old Kent Bank - Southwest, Niles, Michigan —
investment in bank premises.
Approved, August 23, 1988.
CHANGE IN BANK CONTROL
Kansas City
The Banking Group, Ltd., Castle Rock, Colorado —
change in bank control.
Permitted, August 25, 1988.
San Francisco
BNB Bancorp, Burbank, California —
control.
Permitted, August 22, 1988.
Kansas City
B.O.E. Bancshares, Inc., Elgin, Oklahoma —
bank control.
Permitted, August 25, 1988.
Atlanta
First Commercial Bancorporation, Boca Raton, Florida
— change in bank control.
Permitted, August 23, 1988.
Kansas City
First Midwest Bancorp, Inc., Midwest City, Oklahoma
— change in bank control.
Permitted, August 25, 1988.
Atlanta
First State Corp., West Blocton, Alabama —
bank control.
Permitted, August 26, 1988.
Secretary
FirstBank Holding Company of Colorado, Lakewood,
Colorado — change in bank control.
Permitted, August 26, 1988.
Atlanta
Suburban Bankshares, Inc., Lake Worth, Florida —
change in bank control.
Permitted, August 25, 1988.
change in bank
change in
change in
H.2
AUGUST 22, 1988
PAGE 6
TO
AUGUST 26, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Philadelphia
CCNB Bank, National Association, New Cumberland,
Pennsylvania, proposed merger with The First
National Bank of Loysville, Loysville, Pennsylvania
— report on competitive factors.
Submitted, August 25, 1988.
Chicago
Chatham Community Bank, Chatham, Illinois, proposed
acquisition of Bank of Pawnee, Pawnee, Illinois —
report on competitive factors.
Submitted, August 26, 1988.
Atlanta
The Citizens Bank of Wakulla, Crawfordville, Florida,
proposed acquisition of the Crawfordville branch of
Security First Federal Savings and Loan
Association, Daytona Beach, Florida — report on
competitive factors.
Submitted, August 22, 1988.
New York
City National Bank and Trust Company of Gloversville,
Gloversville, New York, proposed merger with CNB
National Bank — report on competitive factors.
Submitted, August 22, 1988.
Atlanta
Dominion Bank of Middle Tennessee, Nashville,
Tennessee, proposed merger with Peoples National
Bank of Shelbyville, Shelbyville, Tennessee —
report on competitive factors.
Submitted, August 23, 1988.
Kansas City
The Edwardsville Bank, Edwardsville, Kansas, proposed
acquisition of The Edwardsville State Bank —
report on competitive factors.
Submitted, August 24, 1988.
Atlanta
First American National Bank, Nashville, Tennessee,
proposed acquisition of the Smyrna branch of First
Southern Bank of Rutherford County, Murfreesboro,
Tennessee — report on competitive factors.
Submitted, August 22, 1988.
Minneapolis
First National Bank, Boyd, Wisconsin, proposed merger
with Peoples Exchange Bank, Thorp, Wisconsin, and
First National Bank, Chippewa Falls, Wisconsin —
report on competitive factors.
Submitted, August 26, 1988.
H.2
AUGUST 22, 1988
PAGE 7
TO
AUGUST 26, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Cleveland
First National Bank of Northwest Ohio, Bryan, Ohio,
proposed acquisition of the Edgerton, Ohio, office
of Mid-American National Bank, Bowling Green, Ohio
-- report on competitive factors.
Submitted, August 23, 1988.
Kansas City
First Wyoming Bank - Cheyenne, Cheyenne, Wyoming,
proposed merger with First Wyoming Bank - East
Cheyenne and First Wyoming Bank - North Cheyenne —
report on competitive factors.
Submitted, August 25, 1988.
Chicago
Grand Bank, Grand Rapids, Michigan, proposed
consolidation with Grand Interim Bank — report on
compet it ive factors.
Submitted, August 24, 1988.
Boston
Malden Trust Company, Malden, Massachusetts, proposed
acquisition of four branches of The First National
Bank of Boston, Boston, Massachusetts — report on
competitive factors.
Submitted, August 23, 1988.
Cleveland
Peoples Bank of Ford City, Ford City, Pennsylvania,
proposed acquisition of the Indiana, Pennsylvania,
offices of Keystone National Bank, Punxsutawney,
Pennsylvania — report on competitive factors.
Submitted, August 23, 1988.
San Francisco
Plumas Bank, Quincy, California, proposed merger with
Sierra Security Bank, Susanville, California —
report on competitive factors.
Submitted, August 22, 1988.
San Francisco
University Savings Bank, Seattle, Washington,
proposed merger with Glenfed Interim Savings and
Loan Association — report on competitive factors.
Submitted, August 24, 1988.
San Francisco
Vineyard Interim National Bank, Rancho Cucamonga,
California, proposed merger with Vineyard National
Bank — report on competitive factors.
Submitted, August 23, 1988.
H.2
AUGUST 22, 1988
PAGE 8
TO
AUGUST 26, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
New York
Banco de Santander International, Miami, Florida —
extension to divest property.
Granted, August 25, 1988.
San Francisco
BankAmerica Corporation, San Francisco, California —
extensions to divest property.
Granted, August 22, 1988.
S t . Louis
First Financial Corporation of America, Salem,
Missouri — extension until November 22, 1988, to
become a bank holding company by acquiring the
successor by merger to The First National Bank of
Salem.
Granted, August 26, 1988.
San Francisco
First Security Corporation, Salt Lake City, Utah —
extension to divest property.
Granted, August 26, 1988.
Atlanta
Northwest Georgia Guaranty Mortgage Company, Dallas,
Georgia — extension until January 18, 1989, to
engage de novo in mortgage loan originations.
Granted, August 25, 1988.
Kansas City
Omnibancorp, Denver, Colorado — extension until
December 6, 1988, to engage de novo in providing
bank management consulting services.
Granted, August 24, 1988.
Atlanta
South Alabama Holding Co., Inc., McIntosh, Alabama —
extension until November 15, 1988, to become a bank
holding company by acquiring Washington County
Bank.
Granted, August 22, 1988.
San Francisco
Wells Fargo & Company, San Francisco, California —
extension to divest property.
Granted, August 22, 1988.
San Francisco
Wells Fargo & Company, San Francisco, California —
extension to divest property.
Granted, August 23, 1988.
H.2
AUGUST 22, 1988
PAGE 9
TO
AUGUST 26, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
MEMBERSHIP
Richmond
The Marathon Bank, Stephens City, Virginia — to
become a member of the Federal Reserve System.
Approved, August 26, 1988.
RESERVE BANK OPERATIONS
Director, FRBO
Federal Reserve Bank of Kansas City — expenses to
meet the requirements of the Expedited Funds
Availability Act.
Approved, August 26, 1988.
Director, FRBO
Federal Reserve Bank of Kansas City —
three processors.
Approved, August 26, 1988.
Director, FRBO
Federal Reserve Bank of San Francisco —
a telephone system.
Approved, August 26, 1988.
to purchase
to purchase
H.2
AUGUST 22, 1988
PAGE 10
ADDITIONS AND CORRECTIONS
TO
AUGUST 26, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES, DOMESTIC
New York
Manufacturers Hanover Trust Company, New York, New
York — to establish a branch at One Pierrepont
Plaza, 12th Floor, Brooklyn, New York, as a
commercial lending center.
Approved, August 17, 1988.
BANK PREMISES
New York
Manufacturers Hanover Trust Company, New York, New
York — investment in bank premises.
Approved, August 17, 1988.
COMPETITIVE FACTORS REPORTS
Cleveland
Star Bank, Gallipolis, Gallipolis, Ohio, proposed
merger with Star Bank, National Association,
Tri-State, Ironton, Ohio — report to the
Comptroller of the Currency on competitive factors
Submitted, August 17, 1988.
EXTENSIONS OF TIME
Richmond
Calhoun Bankshares, Inc., Grantsville, West Virginia
— extension until December 14, 1988, to become a
bank holding company by acquiring Calhoun County
Bank.
Granted, August 18, 1988.
Richmond
City Holding Company, Charleston, West Virginia —
extension until December 2, 1988, to acquire First
State Bank & Trust, Rainelle, West Virginia.
Granted, August 18, 1988.
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application
Comment Period Ending Date
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Comment Period Ending Date
Advisors Bancorp of Boston,
Boston, Massachusetts 3(a)(1) application to
become a bank holding
company through the acquisition
of Advisors Bank and Trust,
Boston, Massachusetts
Newpaper
Not Yet Published
Federal Register
Not Yet Published
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY*
Application
Comment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
**Subject to CRA
Federal Reserve Bank of New York
Comment Period
Ending Date
Applications Subject to Newspaper
____________ Notice only__________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
The Summit Bancorporation, Summit, New Jersey to
acquire Somerset Bancorp, Inc., Somerville, New
Jersey .1/
9/16/88 2/
Center Banks, Inc., Skaneateles, New York to become
a bank holding company with respect to Skaneateles
Savings Bank, Skaneateles, New York.l/
9/16/88 2/
KeyCorp, Albany, New York and Key Bancshares of
Wyoming Inc., Cheyenne, Wyoming to acquire First
Wyoming Bancorporation, Cheyenne, Wyoming. 1/
9/23/88 3/
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Westpac Banking Corporation, Sydney, Australia,
to engage through its subsidiary, Westpac Pollock
Government Securities Inc., in underwriting certain
bank-ineligible securities.
N/A
SECTION IV
Applications Not Involving
________ Public Comment________
Citibank Overseas Investment Corporation, New Castle,
Delaware to make an additional investment in Citibank
Savings Limited, Sydney, Australia.
1/
2/
3/
Subject to provisions of Community Reinvestment Act.
later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
N/A - Not Available
*
#
N
F
-
Subject to CRA
Expected to end approximately 30 days from the date of receipt
Newspaper Comment Period
Federal Register Comment Period
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4(c)(8) application on
8/25/88 from Huntington Bancshares Incorporated,
Columbus, Ohio, for permission to engage de novo,
through its wholly-owned subsidiary The Huntington
Company, Columbus, Ohio, in the underwriting of and
dealing in certain securities which members of the
Federal Reserve System are not authorized to
underwrite or deal in by 12 U.S.C.SS24 Seventh.
Specifically, applicant seeks authority to
underwrite and deal in: municipal revenue bonds
(including public ownership industrial development
bonds), mortgage-related securities, consumer
receivable-related securities, and commercial
paper.
Not Yet Known
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
NONE*
* - Subject to CRA
# - Expected to end approximately 30 days from the date of receipt
r - Newspaper Consent Period
F - Fedora’ Req s i r Comment Period
F e d e r a l R e s e rv e Bank o f Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
None
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
None
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
None
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None
August 29, 1988
Federal Reserve Bank of Atlanta
Applications Bulletin
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comnent Period Ending Pat
Security National Corporation
09-17-88
Maitland, Florida
Newspaper
To acquire Security National Bank of Seminole, Altamonte Springs
(in organization).
B.H.C., Inc.
09-03-88
Arlington, Georgia
Newspaper
1-BHC formation, Bostwick Banking Company, Arlington, Georgia.
Florida
Federal Reserve Bank of Chicago
Section I - Applications Subject to newspaper
Motice Only
Comment Period
Ending Date
Type
Application
2083
Affiliated Bank/Chicago (in organization)
Chicago, Illinois
To become a member of the Federal Reserve
System*
N - 9-5-88
FR - 9-8-88
Branch
Isabella Bank and Trust
Mount Pleasant, Michigan
500 East Wright Street
Coe Township, Michigan*
N
- **
Section II - Applications Subject to Both
Newspaper and Federal Register Hotice
Type
Y-2
Application
Comment Period
EndinR Date
First of America Bank Corporation
Kalamazoo, Michigan
The State Savings Bank of South Lyon
South Lyon, Michigan*
FR - 7-20-88
N - 9-2-88
Y-l
Mason City National Bancorp, Inc.
Mason City, Illinois
Mason City National Bank
Mason City, Illinois*
FR - 9-1-88
N - 9-15-88
Y-2
First of America Bank Corporation
Kalamazoo, Michigan
Commercial National Bank & Trust Co.
Iron Mountain, Michigan*
FR - 9-7-88
N - 8-30-88
Y-2
Affiliated Banc Group, Inc.
Morton Grove, Illinois
Affiliated Bank/Chicago (in organization)
Chicago, Illinois*
FR - 9-8-88
N - **
Y-2
Manufacturers National Corporation
Detroit, Michigan
Affiliated Bank/Chicago (in organization)
Chicago, Illinois*
FR - 9-8-88
N - **
Y-2
Great Lakes Financial Resources, Inc.
Blue Island, Illinois
Homewood Holdings, Inc.
Homewood, Illinois
Bank of Homewood
Homewood, Illinois*
FR - 9-9-88
N - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
newspaper and Federal Register Notice
Continued
Comment Period
Ending Date
Type
Application
Y-2
Bosshard Financial Group, Inc. (was La Farge
Bancorp)
La Crosse, Wisconsin
Grand Harsh State Bank
Grand Harsh, Wisconsin
Farmers State Bank-Hillsboro
Hillsboro, Wisconsin*
FR - 9-9-88
N - **
Y-2
F«W«8»B« Corporation
FR - 9-9-88
N - **
Hilwaukee, Wisconsin
St. Anthony Bancorporation, Inc.
Omaha, Nebraska
St. Anthony National Bank
St. Anthony, Hinnesota*
Y-2
First Wisconsin Corporation
Hilwaukee, Wisconsin
St. Anthony Bancorporation, Inc.
Omaha, Nebraska
St. Anthony National Bank
St. Anthony, Hinnesota*
FR - 9-9-88
N - **
Y-2
American Central Financial Group, Inc.
Springfield, Illinois
Heredosia Bancorporation, Inc.
Springfield, Illinois
Farmers and Traders State Bank
Heredosia, Illinois
Farmers and Herchants State Bank of Virden
Virden, Illinois*
FR - 9-7-88
N - **
Y-2
Republic Bancorp, Inc.
Ann Arbor, Hichigan
Premier Bancorporation, Inc.
Jackson, Hichigan
Premier Bank
Jackson, Hichigan*
N - 8-24-88
FR - 8-26-88
Y-2
Beverly Bancorporation, Inc.
Chicago, Illinois
First Wilmington Corp.
Wilmington, Illinois
The First National Bank of Wilmington
Wilmington, Illinois*
FR - 8-26-88
N - 9-2-88
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date
Type
Application
Y-2
Athens Bancorp., Inc.
Athens, Wisconsin
Junction State Bank
Junction City, Wisconsin*
N - 9-12-88
FR - 8-12-88
Y-l
D & D Bancshares, Inc.
Garrison, Iowa
Mount Auburn Savings Bank
Mount Auburn, Iowa*
FR - **
N - 9-15-88
Y-l
Presidential Holdings, Inc.
Bourbonnais, Illinois
Bank of Bourbonnais
Bourbonnais, Illinois*
FR - 8-12-88
N - 8-8-88
Y-l
Commerce Bancorp, Inc.
Berkeley, Illinois
National Bank of Commerce
Berkeley, Illinois*
FR - **
N - **
Y-2
First Illini Bancorp, Inc.
Galesburg, Illinois
First National Bank in Galva
Galva, Illinois*
FR - **
N - **
Y-2
First of America Bancorporation-Illinois, Inc.
Libertyville, Illinois
Quad Cities First Company
Rock Island, Illinois
First National Bank of the Quad Cities
Rock Island, Illinois
Southpark National Bank of the Quad Cities
Moline, Illinois*
FR - **
N - **
Y-2
First of America Bank Corporation
Kalamazoo, Michigan
Quad Cities First Company
Rock Island, Illinois
First National Bank of the Quad Cities
Rock Island, Illinois
Southpark National Bank of the Quad Cities
Moline, Illinois*
FR - **
N - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date
IXES
Application
Y-l
Hechanicsville Trust A Savings Bank9 Trustee
of The Hechanicsville Trust and Savings Bank
Employee Stock Ownership Plan & Trust
Hechanicsville, Iowa
Hechanicsville Bancshares, Inc.
Hechanicsville, Iowa*
FR - **
N - **
Y-l
American State Corporation
Lawrenceburg, Indiana
American State Bank
Lawrenceburg, Indiana*
FR - **
N - **
Y-l
Valley Ridge Financial Corp.
Kent City, Hichigan
Kent City State Bank
Kent City, Hichigan*
FR - **
N - 9-10-88
Y-2
Herchants National Corporation
Indianapolis, Indiana
Riley Company, Inc.
East Chicago, Indiana
First National Bank of East Chicago, Indiana
East Chicago, Indiana*
Y-l
Sysco Financial, Inc.
Lincolnwood, Illinois
Brickyard Bank
Chicago, Illinois*
FR - **
N
- **
FR - **
N - 9-6-88
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
_____Newspaper Notice O n l y _______
Comment P e r io d
E n d in g D ate
Application
None,
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Application
First Valley BankCorp,
Seeley Lake, MT
To acquire First Valley Bank,
Seeley Lake, MT*
9-15-88
(Newspaper)
Blunt Bank Holding Company
Blunt, SD
To acquire Dakota State Bank,
Blunt, SD*
8-19-88
(Newspaper)
Marietta Bancshares, Inc.
Marietta, MN
To acquire State Bank of Marietta,
Marietta, MN*
9-16-88
(Newspaper)
Section III - Applications Subject
to Federal Register Notice Only
Application
Dakota Bankshares, Inc.,
Fargo, ND
To engage de novo in an unlisted
nonbanking activity, providing
management advisory services and tax
planning and preparation services for
affiliated financial institutions and
to engage de novo in providing tax
planning and preparation services for
nonaffiliated financial institutions
through Dakota First Services, Inc.,
Fargo, ND.
Subject to CRA
Comment Period
Ending Date
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only - (Continued)
Comment Period
Ending Date
Application
Norvest Corporation
Minneapolis, MN
Norvest Financial Services, Inc.
Des Moines, IA
Norvest Financial, Inc.
Des Moines, IA
To engage de novo in operating a
credit bureau.
9-9-88
First Bank System, Inc.
Minneapolis, MN
To engage in making, acquiring, or
servicing loans of the type made by
a commercial finance company through
the acquisition of certain assets of
Columbia Savings, Denver, Colorado.
Not yet available
Marietta Bancshares, Inc.,
Marietta, MN
To engage in (08G) operating a general
insurance agency in a place vith a
population not exceeding 5,000 thru
the acquisition of certain assets of
Marietta Insurance Agency, Marietta,
MN. The activity vill be conducted
in Marietta, MN.
Not yet available
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Financial Bancshares, Inc.
Becker, MN
To redeem 50Z of its voting shares.
Federal Reserve Bank o f Kansas City
SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPT.t C A T I O N
C O M M E N T P E R I O D E N D I N G DATE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
C O M M E N T P E R I O D E N D I N G DATE
S i e r r a P e t r o l e u m Co., Inc.,
W i c h i t a , Kansas, for prior a p proval
to m e r g e w i t h G r a h a m - M i c h a e l i s
F i n a n c i a l Cor p o r a t i o n , Wichita,
Kansas, p a r e n t of W i c h i t a State
Bank, W i c h i t a , Kansas, and N B W
F i n a n c i a l Cor p o r a t i o n , W i chita,
Kansas, p a r e n t of N a t i o n a l B a n k of
Wichita, Wichita, Kansas.*
Not Available
Peter L. Ochs, Wichita, Kansas, for
p r i o r a p p r o v a l to i n c r e a s e his
p r o p o r t i o n a t e o w n e r s h i p of A t t i c a
F i n a n c i a l C o r p o ration, W i chita,
Kansas, by 3 2 . 1 8 p e r c e n t to 38. 1 8
percent.
Not Available
C o m m e r c e B a n c s h a r e s , Inc., Kansas
City, M i s souri, for prior a pproval
t o a c q u i r e 19.9 p e r c e n t of the
v o t i n g s h a r e s of M i d w e s t Fi n a n c i a l
G r o u p , Inc., Peoria, I l l i n o i s . *
Not Available
A d r i a n B a n c s h a r e s , Inc., Adrian,
M i s s o u r i , for prior a p p r o v a l to
b e c o m e a bank h o l d i n g c o m p a n y
t h r o u g h the a c q u i s i t i o n of 80
p e r c e n t of the v o t i n g s h a r e s of
A d r i a n Bank, A d r ian, M i s s o u r i . *
S e p t e m b e r 12,
1988
B a n c o r p II, Inc., K a n s a s City,
Kansas, for pr i o r a p p r o v a l to
b e c o m e a ba n k h o l d i n g c o m p a n y
t h r o u g h the a c q u i s i t i o n of 80
p e r c e n t of the v o t i n g s h a r e s of T h e
C i t i z e n s B a n k of Pi l o t Grove, P i lot
G r ove, M i s s o u r i . *
S e p t e m b e r 12,
1988
Federal Reserve Bank of Kansas City
First N a t i o n a l of N ebraska, Inc.,
Omaha, N e b r a s k a , for prior approval
to a c q u i r e 1 00 p e r c e n t of the
v o t i n g s h a r e s of Fi r s t National
C o l u m b u s B a n c o r p , Columbus,
N e b r a s k a , p a r e n t of First National
Ban k a n d T r u s t Company, Columbus,
Nebraska.*
S e p t e m b e r 12,
1988
John Elson Kirkpatrick, Oklahoma
City, O k l a h o m a , fo r prior approval
to i n c r e a s e h i s p r o p o r t i o n a t e
o w n e r s h i p of B a n k s of Mid-America,
Inc., O k l a h o m a City, Oklahoma, up
to 20.1 p e r c e n t .
S e p t e m b e r 16,
1988
J o n D. H o f f m a s t e r , Omaha, Nebraska,
for a p p r o v a l to r e t a i n 11.62
p e r c e n t of t h e v o t i n g shares of
N e b r a s k a N a t i o n a l Corporation,
Omaha, N e b r a s k a , a n d for prior
a p p r o v a l to i n c r e a s e his
p r o p o r t i o n a t e o w n e r s h i p by 13.38
p e r c e n t to 25 p e r c e n t ; and David
Melena, Omaha, Nebraska, for prior
a p p r o v a l to a c q u i r e 3 percent.
S e p t e m b e r 14,
1988
Ellis L. Clark, Hiawatha, Kansas,
for p r i o r a p p r o v a l to incre a s e his
p r o p o r t i o n a t e o w n e r s h i p of Morrill
& J a n e s B a n c s h a r e s , Inc., Hiawatha,
Kansas, by 9 . 6 9 p e r c e n t to 28.76
percent.
S e p t e m b e r 6, 1 98 8
Geor g e L. K r e mer, Zug, Switzerland,
for p r i o r a p p r o v a l to a c q u i r e 100
per c e n t of the v o t i n g shares of
M e m b a n c s h a r e s , Inc., O k l a h o m a City,
Oklahoma.
S e p t e m b e r 6, 1 9 8 8
W. C. Payne, O k l a h o m a City,
Oklahoma, a n d C h a r l e s V. Wheeler,
Tulsa, O k l a h o m a , for prior approval
to a c q u i r e 16.4 p e r c e n t each of the
v o t i n g s h a r e s of C harter
B a n c s h a r e s, Inc., O k l a h o m a City,
Oklahoma.
S e p t e m b e r 6, 198 8
Morrill B a n c s h a r e s , Inc., Sabetha,
Kansas, for p r i o r approval to
a c q u i r e 28.93 p e r c e n t of the v o t i n g
shares of M o r r i l l & Janes
B a n c s h a r e s , Inc., Hiawatha, Kansas,
parent of M o r r i l l & J a n e s Bank and
Trust C o mpa n y , Hiawatha, Kansas.*
S e p t e m b e r 6, 1 98 8
Federal Reserve Bank o f Kansas City
The B a n k of N e w M e x i c o H o l d i n g
Company, A l b u q u e r q u e , New Mexico,
for p r i o r a p p r o v a l to a c q u i r e 98
p e r c e n t of the v o t i n g s h a r e s of
W e s t e r n B a n k of S pringer, Springer,
New M e x i c o . *
S e p t e m b e r 6, 1988
D i c k i n s o n F i n a n c i a l Corpor a t i o n ,
Inc., C h i l l i c o t h e , Missouri, for
pr i o r a p p r o v a l to b e c o m e a bank
h o l d i n g c o m p a n y t h r o u g h the
a c q u i s i t i o n of 100 p e r c e n t of the
v o t i n g s h a r e s of C o m m u n i t y Bank,
C h i l l i c o t h e , M i s s o u r i ; 100 p e r c e n t
of the v o t i n g s h a r e s of C i t i z e n s
S t a t e B a n k of Mary v i l l e , Maryville,
M i s s o u r i ; 96.75 p e r c e n t of the
v o t i n g s h a r e s of C i t i z e n s Bank,
S h e l b y v i l l e , M i s s o u r i ; 100 p e r c e n t
of the v o t i n g s h a r e s of Fort K nox
N a t i o n a l Bank, Fort Knox, Kentucky;
and 100 p e r c e n t of the 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 B a n k of
Kirksville, Kirksville, Missouri.*
September
6,
FNB, Inc., Denver, Colorado, for
p r i o r a p p r o v a l to b e c o m e a bank
h o l d i n g c o m p a n y t h r o u g h the
a c q u i s i t i o n of 100 p e r c e n t of the
v o t i n g s h a r e s of C o l o r a d o N a t i o n a l
B a n k - G reel e y , Greeley, C o l o r a d o . *
September
16, 1988
L i s c o S t a t e Company, Lisco,
N e b r aska, for prior a p p r o v a l to
a c q u i r e 5.16 p e r c e n t of the v o t i n g
s h ares of First N a t i o n a l Fin a n c i a l
C o r p o r a t i o n , E s t e s Park, Colorado,
p a r e n t of First N a t i o n a l B a n k of
E s t e s Park, E s t e s Park, C o l o r a d o . *
September
16, 1988
M a r y K. Sanditen, Tulsa, Oklahoma,
for p r i o r a p p r o v a l to i n c r e a s e her
p r o p o r t i o n a t e o w n e r s h i p of W o o d l a n d
Ba n c o r p , Inc., W o o d l a n d , O k l ahoma,
by .91 p e r c e n t to 17.03 percent.
S e p t e m b e r 15, 1988
1988
Federal Reserve Bank of Kansas City
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING
J. R. M o n t g o m e r y Banco r p o r a t i o n ,
Lawton, O k l a h o m a , for prior
a p p r o v a l to e n g a g e in making,
acq u i r i n g , a n d / o r s e r v i c i n g loans
for i t s e l f or for o t h e r s of the
type m a d e by a m o r t g a g e company.
Not Available
G. N. B a n k s h a r e s , I n c . , Girard,
Kansas, for p r i o r approval to
a c q u i r e 1 0 0 p e r c e n t of the v o t i n g
shar e s of P r o g r e s s i v e Financial
Servi c e s , Inc., Girard, Kansas, and
t h e r e b y i n d i r e c t l y e n g a g e in
making, a c q u i r i n g , and/or ser v i c i n g
l o a n s f o r i t s e l f or for o t hers of
the type m a d e by a consumer finance
company.
September
DATE
7, 1 98 8
SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
A t t i c a F i n a n c i a l Corporation,
W i c h i t a , K a nsas, for prior approval
to r e d e e m 3 2 4 , 0 0 0 shares of its own
v o t i n g c o m m o n stock.
♦ A p p l i c a t i o n is s u b ject to CRA.
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF 88/08/22
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
1 P_P.LICATI0N
** NOTICE EXP
Change in Control Notice by
John 0. Colquitt, Jr., Dalhart, TX, Only Notificant, to acquire
an interest in First Dalhart Bancshares, Inc., Dalhart, TX
88/09/12
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Application by Banco Nacional De Mexico, Mexico City, Mexico ("Banamex"),
through their Houston Agency office, to form an Edge Corporation which will
be owned by Ammex Holding Company, subsidiary of Banamex.
« EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 8/26/88
Section I - Applications Subject to Newspaper Notice Only
Ad d ! icat ion
Comment Period Ending Date
None
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Richard J. Meyer, Fullterton, California,
to increase his ownership from 22.21 percent
to a maximum of 45.55 percent of Pacific
Inland Bancorp, Anaheim, California.
Newspaper:
Not available
Fed. Req.:
9/06/88
Mission Valley Bancorp, Pleasanton,
California, to merge with Lamorinda
Financial Corporation, Lafayette,
California. *
Newspaper:
Not Available
Fed. Req.:
9/16/88
Philippine National Bank, Manila,
Philippines, to increase ownership
to 100 percent of Century Holding
Corporation, San Francisco, California,
which owns Century Bank, San Francisco,
California, and thereby become a bank
holding company. *
Newspaper:
Not available
Fed. Req.:
9/12/88
U.S. Bancorp, Portland, Oregon, to
acquire Bank of Loleta, Eureka,
California. *
Newspaper:
9/19/88
Fed. Req.:
9/22/88
Section III - Applications Sub.iect to Federal Register Notice Only
None
Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
@FedFRASER