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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1984 No. 31 Actions of the Board; Applications and Reports Received During the Week Ending August 4, 1984 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Statement by Chairman Paul A. Volcker, before the Joint Economic Committee to discuss monetary policy in the context of overall economic performance. The Board of Governors announces the following official staff actions in the Division of Banking Supervision and Regulation: Appointment of Herbert A. Biern as Assistant Director with oversight responsibility for the Cease and Desist and State Member Bank Securities Accounting areas; Appointment of Anthony G. Cornyn as Assistant Director with oversight responsibility for Financial Analysis and Special Studies Section; Appointment of Stephen C. Schemering as Assistant Director with oversight responsibility for the Financial Institutions Supervision and Surveillance Sections: Appointment of Richard Spillenkothen as Assistant Director with oversight responsibility for the Projects and Planning Section; and Promotion of Frederick M. Struble from Deputy Associate Director in the Division of Research and Statistics to Associate Director in the Division of Banking Supervision and Regulation, with responsibility for overseeing research and development activities. Boston ]_/ Indiana Head National Bank, Nashua, New Hampshire, proposal to merge with Indiana Head National Bank of Claremont, Claremont, New Hampshire and Indiana Head National Bank of Concord, Concord, New Hampshire; report to the Comp troller of the Currency on competitive factors. ]_/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 2 ACTIONS OF THE BOARD - Continued Boston Bankeast, Manchester, New Hampshire, proposal to merge with Kingswood Trust and Savings Bank, Wolfeboro, New Hampshire; report to the Federal Deposit Insurance Corporation on competitive factors. V Boston Woburn National Corporation, Woburn, Massachusetts, extension of time to November 27, 1984, within which to become a bank holding company through the acquisition of Woburn National Bank, Woburn, Massachusetts. J_/ New York Marine Midland Banks, Inc., New York, New York, extension of time to August 12, 1985, within which to complete its investment in Marine Midland Finance N.V., Curacao, Netherlands Antilles. 1_/ Philadelphia First Jersey National Bank/South, Manahawkin, New Jersey, proposed merger with The First National Bank and Trust Company of Beverly, Beverly, New Jersey; report to the Comptroller of the Currency on competitive factors. 1/ Philadlephia Nanticoke National Bank, Nanticoke, Pennsylvania, proposed merger with NNB National Bank, Nanticoke, Pennsylvania, under the charter of the latter and with the title of the former; report to the Comptroller of the Currency on competitive factors. 1/ Richmond Garrett National Bank of Oakland, Oakland, Maryland, proposed merger with Garrett National Bank, Oakland, Maryland, a proposed new bank; report to the Comptroller of the Currency on competitive factors. \J Richmond Stonewall National Bank, Weston, West Virginia, proposed merger with Stonewall Jackson National Bank, Weston, West Virginia; report to the Comptroller of the Currency on competitive factors. V Richmond C.R.N.B. Shares, Inc., Richwood, West Virginia, extension of time to October 24, 1984, within which to become a bank holding company through the acquisition of Cherry River National Bank, Richwood, West Virginia. 1_/ Atlanta First and Peoples National Bank, Gallatin, Tennessee, proposed merger with FPB Interim National Bank, Gallatin, Tennessee; report to the Comptroller of the Currency on competitive factors. 1/ J7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 3 ACTIONS OF THE BOARD - Continued Atlanta Hinesville Bank, Hinesville, Georgia, proposed merger with Interim Hinesville Corporation, Hinesville, Georgia; report to the Federal Deposit Insurance Corporation on competitive factors. V/ Atlanta Commercial Bank, Douglasville, Georgia, proposed merger with Interim Commercial Corporation, Douglasville, Georgia; report to the Federal Deposit Insurance Corporation on competitive factors. J_/ Atlanta Farmers Bank, Union Point, Georgia, proposed merger with Interim Farmers Corporation, Union Point, Georgia; report to the Federal Deposit Insurance Corporation on competitive factors. 1_/ Atlanta First National Bank of Manchester, Manchester, Tennessee, proposed merger with First National Interim Bank, Man chester, Tennessee; report to the Comptroller of the Currency on competitive factors. ]_/ Atlanta First Citizens Bank of Etowah, Glencoe, Alabama, proposed merger with Interim Bank of Etowah, Glencoe, Alabama; report to the Federal Deposit Insurance Corporation on competitive factors. 1_/ Atlanta Gulfside National Bank, Gulf Breeze, Florida, proposed merger with Gulfside Bank, N.A., Gulf Breeze, Florida; report to the Comptroller of the Currency on competitive factors. J/ Atlanta First National Bank of the South, Ocean Springs, Mississippi, proposed merger with the Gautier Branch of First Mississippi National Bank, Hattiesburg, Mississippi; report to the Comptroller of the Currency on competitive factors. J/ Atlanta Union Bnak, Marksville, Louisiana, proposed merger with New Union Bank, Marksville, Louisiana; report to the Federal Deposit Insurance Corporation on competitive factors. ]_/ Atlanta Barnett Bank of Palm Beach County, Delray Beach, Florida, proposed merger with ten banking offices of Florida Coast Bank, Pompano Beach, Florida; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ J/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 4 ACTIONS OF THE BOARD - Continued Atlanta NCNB National Bank of Florida, Tampa, Florida, proposed merger with Ellis Bank and Trust Company, N.A., Sarasota, Florida, and Ellis Fort Myers Bank, N.A., Fort Myers, Florida; report to the Comptroller of the Currency on competitive factors. J_/ Atlanta Collier Bank Corporation, Naples, Florida, extension of time to October 20, 1984, within which to become a bank holding company through the acquisition of Collier Bank, Naples, Florida. ]_/ Atlanta NBC Bancshares of Deridder, Inc., Deridder, Louisiana, extension of time to October 25, 1984, within which to become a bank holding company through acquisition of the National Bank of Commerce of Deridder, Deridder, Louisiana. J/ Atlanta Shamrock Holdings, Inc., Evergreen Alabama, extension of time to October 17, 1984, within which to become a bank holding company through the acquisition of Union Bank, Repton, Alabama. ']_/ Atlanta First Sterling Bancshares, Inc., Winter Haven, Florida, extension of time to October 8, 1984, within which to become a bank holding company by acquiring First Sterling Bank, Winter Haven, Florida. j1/ Chicago First of Charlevoix Corp., Charlevoix, Michigan, extension of time to October 21, 1984, within which to become a bank holding company through the acquisition of First State Bank of Charlevoix, Charlevoix, Michigan. 1J Chicago Premier Financial Services, Inc., Dixon, Illinois, extension of time to October 29, 1984, within which to acquire First City Bancshares, Inc., Dixon, Illinois, and thereby indirectly acquiring City Bank and Trust Company, Dixon, Illinois. ]_/ Chicago Bippus State Corporation, Bippus, Indiana, extension of time to September 18, 1984, within which to become a bank holding company through the acquisition of The Bippus State Bank, Bippus, Indiana. J_/ St. Louis Southwest Bank of St. Louis, St. Louis, Missouri, proposal to merge with MVSW Bank, St. Louis, Missouri; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ TJ “ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 5 ACTIONS OF THE BOARD - Continued St. Louis First State Capital Corporation, Holly Springs, Mississippi, extension of time to September 30, 1984, within which to become a bank holding company through the acquisition of First State Bank, Holly Springs, Mississippi. J_/ St. Louis Kentucky Southern Bancorp, Inc., Bowling Green, Kentucky, extension of time to October 31, 1984, within which to become a bank holding company through the acquisition of the successor by merger to the Citizens National Bank of Bowling Green, Bowling Green, Kentucky. 1_/ Dallas North Texas Bank, Lewisville, Texas, proposed merger with North Texas Bank Lewisville, Lewisville, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. ]_/ Dallas First Bank of Rowlett, Rowlett, Texas, proposal to merge with First Bank Rowlett, Rowlett, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Dallas Dallas Bancshares, Inc., Dallas, Texas, extension of time to October 10, 1984, within which to acquire North Texas Bank, Lewisville, Texas. V San Francisco First Pacific Financial Corporation, Bremerton, Washington, extension of time to October 27, 1984, to acquire National Bank of Bremerton, Bremerton, Washington. J/ San Francisco New Shares, Inc., Tempe, Arizona, proposed merger with Rio Salado Bank, Tempe, Arizona, under the charter and title of the latter; report to the Federal Deposit Insurance Corporation on competitive factors. 1_/ San Francisco GCSB Company, Gilbert, Arizona, proposed merger with Grand Canyon State Bank, Gilbert, Arizona, under the charter and title of the latter; report to the Federal Deposit Insurance Corporation on competitive factors. 1_/ San Francisco Trans-Pacific Bancorp, San Francisco, California, extension of time to November 9, 1984, to acquire Trans-Pacific National Bank, a proposed new bank. 1/ San Francisco Forum Park Bancorp, Inglewood, California, extension of time to November 4, 1984, within which to acquire First Bank of Inglewopd, Inglewood, California, a proposed new bank. 1/ T7 “ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 6 ACTIONS OF THE BOARD - Continued Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Kansas City Not Disapproved Oil ton Holding Corporation, Oil ton, Oklahoma. 1/ Dallas North Texas Bank and Trust, Gainesville, Texas. ]/ Dallas South Plains Bancshares, Inc., Idalou, Texas. J_/ * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act New York Approved Commercial Trust Company of New Jersey, Jersey City, New Jersey. To establish a branch office at Journal Square Plaza, Jersey City, New Jersey. J_/ Richmond First Virginia Bank, Falls Church, Virginia. To establish a branch at the intersection of Butler Road and Rodney Lane, Fredericksburg, Virginia. ]_/ Richmond The Bank of Alexandria, Alexandria, Virginia. To establish a branch at 507 King Street, Alexandria, Virginia. 1_/ Richmond St. Michaels Bank, St. Michaels, Maryland. To establish a branch at Marlboro Avenue, Easton, Maryland, JJ Ri chmond Bank of Virginia, Richmond, Virginia. To establish a branch at 11009 West Broad Street Road, Henrico County, Virginia. \j Atlanta Central Bank of the South, Birmingham, Alabama. To establish a branch at 600 University Boulevard East, Tuscaloosa, Alabama. ]_/ * * * * * 1_/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 7 ACTIONS OF THE BOARD - Continued 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___________ San Francisco Withdrawn Orient Bancorporation, San Francisco, California: requests consent to acquire all of the shares of a deposit taking company in Hong Kong. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Chicago Returned Capital Bancorporation of Illinois, Inc., Clayton, Missouri, for approval to acquire 50 percent or more of the voting shares of Central Illinois Banc Shares, Inc., Springfield, Illinois and indirectly acquire Capitol Bank & Trust Com pany of Springfield, Springfield, Illinois. Chicago Golden Sands Bankshares, Inc., Neshkoro, Wisconsin, for approval to acquire 97.8 percent of the voting shares of Farmers Exchange Bank of Neshkoro, Neshkoro, Wi sconsin. Kansas City Andover Banc Shares, Inc., Wichita, Kansas, for approval to acquire 100 percent of the voting shares of National Bank of Andover, Andover, Kansas, a proposed new bank. Dallas Parkway Bancshares, Inc., Dallas, Texas, for approval to acquire 100 percent of the voting shares of Parkway Bank & Trust, Dallas, Texas. Atlanta Chicago Tj Approved Continental Bancorp, Miami, Florida, for approval to acquire at least 51.1 percent of the voting shares of Continental National Bank of Miami, Miami, Florida. ]_/ Columbus Bancorp, Inc., to acquire 90 percent COLUMBUS CORPORATION, acquire Columbus Bank Indiana. 1/ Columbus, Indiana, for approval or more of the voting shares of Columbus, Indiana and indirectly and Trust Company, Columbus, Application processed on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 8 ACTIONS OF THE BOARD - Continued Chicago C. S. BANCSHARES, INC., Connersvi11e, Indiana, for approval to acquire 100 percent of the voting shares of Central State Bank, Connersvi1le, Indiana. 1/ Chicago ERIE FINANCIAL CORP., Detroit, Michigan, for approval to acquire 91.8 percent of the voting shares of Erie State Bank, Monroe, Michigan. _]/ Chicago Maple Park Bancshares, Inc., Maple Park, Illinois, for approval to acquire 100 percent of the voting shares of First State Bank of Maple Park, Maple Park, Illinois. V Chicago Monticorp Inc., Monticello, Indiana, for approval to acquire 80 percent of the voting shares of First National Bank of Monticello, Monticello, Indiana. J_/ St. Louis City National Bankcorp, Inc., Metropolis, Illinois, for approval to acquire at least 80 percent of the voting shares of The City National Bank, Metropolis, Illinois. V St. Louis Continental Bancorporation, Inc., Sikeston, Missouri, for approval to acquire at least 80.47 percent of the voting shares of The First National Bank of Sikeston, Sikeston, Missouri. _]_/ St. Louis Mississippi Valley Investment Company, St. Louis, Missouri, for approval to acquire 100 percent of the voting shares of the successor by merger to Southwest Bank of St. Louis, St. Louis, Missouri. J_/ •St. Louis Southwest Tennessee Bancshares, Inc., Adamsville, Tennessee, for approval to acquire at least 80 percent of the voting shares of Farmers & Merchants Bank, Adamsville, Tennessee. _]_/ Minneapolis Mid-Continent Financial Services, Inc., Minneapolis, Minnesota, for approval to acquire 96.6 percent of the voting shares of State Bank of Edgerton, Edgerton, Minnesota. Kansas City First Neodesha Bancshares, Inc., Neodesha, Kansas, for approval to acquire at least 80 percent of the voting shares of First National Bnak of Neodesha, Neodesha, Kansas. 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 9 ACTIONS OF THE BOARD - Continued Kansas City Elmore City Bancshares, Inc., Elmore City, Oklahoma, for approval to acquire at least 80 percent of the voting shares of First State Bank, Elmore City, Oklahoma. V Dallas American National Bancshares, Inc., Waco, Texas, for approval to acquire at least 80 percent of the voting shares of American National Bank, Waco, Texas. 1_/ Dallas North Texas American Bancshares, Inc., Denison, Texas, for approval to acquire 100 percent of the voting shares of The American Bank and Trust of Denison, Denison, Texas and BancTEXAS Sherman, N.A., Sherman, Texas. ]_/ San Francisco Ventura County National Bancorp, Oxnard, California, for approval to acquire 100 percent of the voting shares of the successor by merger to Ventura County National Bank, Oxnard, California. 1/ * * * * * To Expand a Bank Holding Company Pursuant to Section (a)(3) of the Bank Holding Company Act of 1956 Richmond Withdrawn Jefferson Bankshares, Inc., Charlottesville, Virginia, for approval to acquire 5 percent or more of the voting shares of Citizens Trust Company, Portsmouth, Virginia, and indirectly Citizens Trust Bank, Portsmouth, Virginia. V Kansas City Security Corporation, Duncan, Oklahoma, for approval to acquire 13.0 percent of the voting shares of Charter Bancshares, Inc., Oklahoma City, Oklahoma, and indirectly Charter National Bank, Oklahoma City, Oklahoma. Kansas City Security Corporation, Duncan, Oklahoma, for approval to acquire 16.97 percent of the voting shares of Chickasha Bancshares, Inc., Chickasha, Oklahoma, and indirectly Chickasha Bank and Trust Company, Chickasha, Oklahoma. Philadelphia T7 Approved First Valley Corporation, Bethlehem, Pennsylvania, for approval to acquire 100 percent of the voting shares of The Hazleton National Bank, Hazleton, Pennsylvania. ]_/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 10 - ACTIONS OF THE BOARD - Continued Richmond First Fidelity Bancorp, Inc., Fairmont, West Virginia, for approval to acquire 100 percent of the voting shares of Central National Bank, Morgantown, West Virginia. JJ Chicago Charter 17 Bancorp, Inc., Richmond, Indiana, for approval to acquire at least 22 percent of the voting shares of Northwest National Bank, Rensselazer, Indiana. ]_/ Chicago First Community Bank Group, Incorporated, Burlington, Wisconsin, for approval to acquire 100 percent of the voting shares of Bank of Albany, Albany, Wisconsin. \J Chicago First Park Ridge Corporation, Chicago, Illinois, for approval to acquire 80 percent or more of the voting shares of Bank of Buffalo Grove, Buffalo Grove, Illinois. ]J Dallas First Western Bancshares, Inc., Duncanville, Texas, for approval to acquire 100 percent of the voting shares of The National Bank of Grand Prairie, Grand Prairie, Texas. J_/ Dallas Spring Woods Bancshares, Inc., Houston, Texas, for approval to acquire at least 80 percent of the voting shares of Richmark Bank, N.A., Houston, Texas, a proposed new bank. V Dallas United New Mexico Financial Corporation, Albuquerque, New Mexico, for approval to acquire 100 percent of the voting shares of United New Mexico Bank at Las Cruces, N.A., Las Cruces, New Mexico, a de novo bank. ★ dr ★ ★ * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Cleveland Approved F.N.B. Corporation, Hermitage, Pennsylvania, for approval to merge with North Central Financial Corporation, Emporium, Pennsylvania and indirectly acquire 100 percent of Bucktail Bank and Trust Company, Emporium, Pennsylvania. J_/ * * * * * 1_/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 11 - 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 New York San Franci sco St. Louis Kansas City 17 Returned Findlay Bankshares, Inc., Findlay, Illinois, for approval to continue to engage in discount brokerage activities regarding securities. Approved Manufacturers Hanover Corporation, New York, New York, for approval to engage through its wholly-owned sub sidiary, Manufacturers Hanover Money Market Corporation, in underwriting, dealing in, brokering, and purchasing and selling obligations of the U.S government and its agencies, general obligations of the various states and their political subdivisions, and such other obligations that state member banks of the Federal Reserve System may be authorized to underwrite and deal in under 12 U.S.C. §§ 24 and 335, including money market instruments such as certificates of deposit, and bankers acceptances. Ventura County National Bancorp, Oxnard, California, for approval to engage de novo in leasing through VENCO Leasing Company, Oxnard, California. Permitted National Commerce Bancorporation, Memphis, Tennessee, notification of intent to engage in de novo activities (in investment advisory services to be performed by Applicant's nonbanking subsidiary, Commerce Capital Management, Inc., Memphis, Tennessee (8/1/84) 3/ Fourth Financial Corporation, Wichita, Kansas, notification of intent to engage in de novo activities (in activities of (1) making, acquiring, and servicing loans for its own account and for the account of others; and (2) selling, as agent or broker, credit life and accident and health insurance that is directly related to its extensions of credit. The activities are authorized by Section 225.25(b)(1) and Section 225.25(b)(8), respectively, of Regulation Y) the activities will be conducted in the State of Kansas and adjacent states, through its subsidiary, United Financial Corporation (8/3/84) 3/ 4(c)(8) notification processed by Reserve Bank on.behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 12 ACTIONS OF THE BOARD - Continued San Franci sco Alaska Mutual Bancorporation, Anchorage, Alaska, notification of intent to engage in de novo activities (in leasing company activities) these activities would be conducted in the States of Alaska, Arizona, California, Nevada, Oregon and Washington, through its subsidiary, AMB Leasing, Inc. (8/4/84) 2/ * * * * * Redemption of Shares Kansas City Harper Bancshares, Inc., Harper, Kansas. 1_/ Kansas City Oilton Holding Corporation, Oilton, Oklahoma. J / ]J V Application processed on behalf of the Board of Governors under delegated authority. 4(c)(8) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1984 No. 31 - 13 APPLICATIONS RECEIVED To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act San Francisco Columbia Bank, Phoenix, Arizona. 2/ San Francisco Capital Bank of Carlsbad, Carlsbad, California. 2/ * * * * * To Merge Pursuant to Section 18(c) of the ______ Federal Deposit Insurance Act______ San Francisco Capital Bank of Carlsbad, Carlsbad, California, to acquire the assets and assume the liabilities of the Carlsbad branch office of Union Bank, Los Angeles, California. 2/ * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act New York Manufacturers and Traders Trust Company, Buffalo, New York. To establish a branch at the main entrance to Seneca Mall, Slade Avenue, Town of West Seneca, County of Erie, New York. 2/ New York Manufacturers Traders and Trust Company, Buffalo, New York. To establish an offsite electronic facility at 731 Delaware Road, Town of Tonawanda, Erie County, New York. 2/ Philadelphia Central Bank Hoi 1idaysburg, Pennsylvania. To establish a branch office to be located in Barnsboro, Pennsylvania. 2/ Cleveland The Provident Bank, Cincinnati, Ohio. To establish CBCT branches at the following locations: (1) E d g e d iff College of Xavier University, 2220 Victory Parkway, Cincinnati, Hamilton County, Ohio; (2) Great American Insurance Company, 580 Walnut Street, Cincinnati, Hamilton County, Ohio. 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, 1984 No. 31 - 14 APPLICATIONS RECEIVED - Continued Ri chmond Central Fidelity Bank, Richmond, Virginia. To establish a branch office at 6200 Backlick Road, Springfield, Vi rg ini a. 2/ Chicago American State Bank of Bloomington, Illinois, Bloomington, Illinois. To establish an automatic teller machine at 403 North Veterans Parkway, Bloomington, Illinois. 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), 4(c)(13) and 4(c)(14) __________of the Bank Holding Company Act of 1956, as amended___________ New York Bankers International Corporation, New York, New York, requests specific consent to hold the shares of BT Futures Ltd., Singapore, after Futures engages in certain futures commission merchant activities as a clearing member of the Singapore International Monetary Exchange. New York Marine Midland Overseas Corporation, New York, New York, specific consent to hold the shares of CM&M Futures Singpore Pte Ltd., Singapore, after CM&M Futures engages in certain futures commission merchant activities as a clearing member of the Singapore International Monetary Exchange. Cleveland Mellon Bank, N.A., Greensburg, Pennsyvlania, prior notification of its intent to increase its investment in Mellon Bank Canada, Toronto, Canada. Atlanta Florida Park Banks, Inc., St. Petersburg, Florida, prior notification of its intent to invest in 100 percent of the shares of Park Services International, Inc., a de novo export trading company. San Franci sco Bank of America NT&SA, San Francisco, California, prior notification of its intent to make an additional investment in Misr America International Bank, Cairo, Egypt. 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, 1984 No. 31 - 15 APPLICATIONS RECEIVED - Continued San Franci sco Security Pacific Overseas Corporation, Los Angeles, California: prior notification of its intent to maxe an indirect investment in Sungei Way Leasing SDN. BHD., Kuala Lumpur, Malaysia. To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 New York National State Bancorporation, Elizabeth, New Jersey, for approval to acquire 100 percent of the voting shares of The National State Bank, Elizabeth, New Jersey. 2/ Philadelphia QNB Corp., Quakertown, Pennsylvania, for approval to acquire 100 percent of the voting shares of The Quaker town National Bank, Quakertown, Pennsylvania. 2/ Atlanta ANB Bankshares, Inc., Brunswick, Georgia, for approval to acquire 100 percent of the voting shares of American National Bank of Brunswick, Brunswick, Georgia; American Trading Company, Brunswick, Georgia and indirectly State Bank of Kings!and, Kingsland, Georgia. 2/ Atlanta Commercial Capital Corp., DeKalb, Mississippi, for approval to acquire at least 80 percent of the voting shares of Commercial Bank of DeKalb, DeKalb, Mississippi. Atlanta First National Sylacauga Corporation, Sylacauga, Alabama, for approval to acquire 100 percent of the voting snares of The First National Bank in Sylacauga, Sylacauga, Alabama. 2/ Atlanta Holdco of Pinellas County, Inc., St. Petersburg, Florida, for approval to acquire 100 percent of the voting shares of First Bank Holding company, Treasure Island, Florida, and indirectly 94.43 percent of the voting shares of First Bank of Pinellas County, Treasure Island, Florida. Atlanta 2/ Tower Bank Corp., Hialeah Gardens, Florida, for approval to acquire at least 80 percent of the voting shares of Tower Bank, N.A., Hialeah Gardens, Florida. 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. 2] 2] H.2, 1984 No. 31 - 16 APPLICATIONS RECEIVED - Continued Chicago Golden Sands Bankshares, Inc., Neshkoro, Wisconsin, for approval to acquire 97.8 percent of the voting shares of Farmers Exchange Bank of Neshkoro, Neshkoro, Wisconsin. 2/ Chicago Hartwick Bancshares, Inc., Hartwick, Iowa, for approval to acquire at least 70.6 percent of the voting shares of Hartwick State Bank, Hartwick, Iowa. 2/ Chicago Lafayette Bancorporation, Lafayette, Indiana, for approval to acquire 100 percent of the voting shares of The Lafayette Bank and Trust Company, Lafayette, Indiana. 2/ Chicago SBA Bancorp, Inc., Ashland, Illinois, for approval to acquire 100 percent of the voting shares of State Bank of Ashland, Ashland, Illinois. 2/ St. Louis FBL Bancshares, Inc., Liberty, Illinois, for approval to acquire at least 80 percent of the voting shares of The Farmers Bank of Liberty, Liberty, Illinois. 2/ St. Louis First Delta Financial Corporation, Dermott, Arkansas, for approval to acquire at least 88 percent of the voting shares of First State Bank of Dermott, Dermott, Arkansas. 2/ St. Louis KBT Corporation, Madisonville, Kentucky, for approval to acquire 100 percent of the voting shares of the successor by merger to The Kentucky Bank and Trust Company, Madisonville, Kentucky. 2/ St. Louis Merchants & Planters Bancshares, Inc., Toone, Tennessee, for approval to acquire 100 percent of the voting shares of Merchants & Planters Bank, Toone, Tennessee. 2/ Minneapolis Menomonie Financial Services, Inc., Menomonie, Wisconsin, for approval to acquire 80 percent of the voting shares of First Bank and Trust, Menomonie, Wisconsin. 2/ Minneapolis Pine Bankshares, Inc., Pine City, Minnesota, for approval to acquire 99.8 percent of the voting shares of The First National Bank of Pine City, Pine City, Minnesota. 2/ Dallas Crockett Bancshares, Inc., Crockett, Texas, for approval to acquire 100 percent of the voting shares of The Crockett State Bank, Crockett, Texas. 27 Tj “ 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, 1984 No. 31 - 17 APPLICATIONS RECEIVED - Continued San Franci sco Columbia Bancorp, Inc., Avondale, Arizona, for approval to acquire 100 percent of the voting shares of Columbia Bank, Avondale, Arizona, a proposed new bank. 2J San Francisco D.P. Financial Corporation, Walnut Creek, California, for approval to acquire 100 percent of the voting shares of Delta Pacific Bank, Pittsburgh, California. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 New York Northeast Bancorp, Inc., New Haven, Connecticut, for approval to acquire 100 percent of the voting shares of Citizens National Bank of Southington, Plantsville, Connecticut. 2/ Richmond The Maybaco Company, Baltimore, Maryland, for approval to acquire at least 38.9 percent of Class B common stock of Equitable Bancorporation, Baltimore, Maryland and indirectly acquire Equitable Bank, NA., Baltimore, Maryland and Farmers & Merchants National Bank of Hagerstown, Hagerstown, Maryland. 2/ Dallas Consolidated Bancorp, Inc., Waco, Texas, for approval to acquire 100 percent of the voting shares of First Con solidated Bank-Pleasant Run Road, N.A., Lancaster, Texas, a proposed new bank. 2/ San Francisco Crown Bancorp, Coronado, California, for approval to acquire 100 percent of the voting shares of Capital Bank of Carls bad, Carlsbad, California, a proposed new bank. 2/ ★ ★ ★ ★ ★ To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Philadelphia YJ Meridian Bancorp, Inc., Reading, Pennsylvania, notification of intent to engage in de novo activities (in providing securities brokerage services to the extent permitted by the Board's Regulation Y) through its subsidiary, DBS, Inc. (7/27/84) 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, 1984 No. 31 - 18 APPLICATIONS RECEIVED - Continued Atlanta County Financial Corporation, North Miami Beach, Florida, notification of intent to engage in de novo activities (in providing management consulting services to existing depository institutions and to depository institutions which have received preliminary approval to organize but have not yet received a charter from their principal super visory agency; such management consulting services will include, but not be limited to, advice concerning; bank operations, systems and procedures; credit policies and administration including credit documentation, evaluation and debt collection; marketing operations including research, market development and advertising programs; personnel operations including recruitment, training, evaluation and compensation; computer operations and mechanization; security measures and procedures; product development; establishment of new branches) through its subsidiary, Tetra Banking Services Inc. (7/26/84) Atlanta Deposit Guaranty Corp., Jackson, Mississippi, notification of intent to engage in de novo activities (making and ser vicing loans or other extensions of credit for its own account or for the account of others; rendering invest ment or financial advice; leasing personal or real property; acting as insurance agent or broker for the sale of credit life, accident and health insurance related to extensions of credit; providing management consulting to depository institutions; performing appraisals of real estate) the geographic area to be served shall be the entire United States of America, through its subsidiary, Deposit Guaranty Financial Services, Inc. (8/1/84) Atlanta First Railroad & Banking Company of Georgia, Augusta, Georgia, for approval to acquire Financial Computer Services, Inc., Commerce, Georgia. Atlanta Totalbank Corporation of Florida, Miami, Florida, notifi cation of intent to engage in de novo activities (in the leasing of personal property, and acting as broker, agent, or advisor, in leasing such property) at 272U Coral Way, Miami, Florida, through its subsidiary, Totalbank Leasing Corporation (7/23/84) Chicago Alliance Finance Corporation, Dearborn, Michigan, notifi cation of intent to engage in de novo activities (complete data processing services encompassing loan, deposit and accounting functions for small to medium size banks by means of remote transmission of data, with on-line capabilities for teller, administrative and an ATM H.2, 1984 No. 31 - 19 APPLICATIONS RECEIVED - Continued network, pursuant to Section 225.25(b)(7)(i) of Regulation Y) serving the state of Michigan, through its subsidiary, Alliance Data Services (7/30/84) Chicago American Fletcher Corporation, Indianapolis, Indiana, notification of intent to engage in de novo activities (in making or acquiring loans or other extensions of credit for personal, family or household purposes, including loans secured by home equities, purchasing consumer installment sales finance contracts and acting as agent with respect to credit life and disability insurance on borrowing customers at this proposed office of such subsidiary; the proposed insurance activities shall be restricted to such purposes and amounts as are authorized by clauses A, B, and D under Section 601 of the Garn-St Germain Depository Institutions Act of 1982, including those contained in an order of the Board with respect to such subsidiary issued prior to May 1, 1982; viz. July 20, 1972) at 1220 Harrodsburg Road, Lexington, Kentucky, serving Fayette, Bourbon, Jessamine, Woodford, Madison, Scott and Clark counties, Kentucky, through its subsidiary, American Fletcher Financial Services, Inc. (7/26/84) Minneapolis Norwest Corporation, Minneapolis, Minnesota, notification of intent to engage in de novo activities (in servicing loans and other extensions of credit for others) through its subsidiary, Norwest Financial Services, Inc. and its subsidiaries (8/3/84) Minneapolis Norwest Corporation, Minneapolis, Minnesota, notification of intent to engage in de novo activities (in the sale, on an agency basis, of involuntary unemployment insurance directly related to extensions of credit) through its subsidiary, Norwest Financial Services, Inc., and its subsidiaries (8/3/84) Minneapolis Tri-County State Agency, Inc., Ortonville, Minnesota, for approval to retain the general insurance agency assets of Phil de Greef Agency, Big Stone City, South Dakota, and Schneck Agency, Inc., Ortonville, Minnesota, these activities would be conducted in Ortonville, Minnesota, a town with a population not to exceed 5,000. Kansas City First Bank Holding Company and FirstBank Holding Company of Colorado, Lakewood, Colorado, notification of intent to expand the geographic scope to include the following activity (the issuance and sale of travelers checks [Regulation Y, Section 225.25(b)(12)]) serving the entire United States (7/30/84) H.2, 1984 No. 31 - 20 APPLICATIONS RECEIVED - Continued Kansas City Second Security Bankshares, Inc. and Security Holding Company, Miami, Oklahoma, to retain Security Insurance Agency, Miami, Oklahoma, and thereby continue to indirectly engage in the sale of credit-related insurance. Dallas Mercantile Texas Corporation, Dallas, Texas, notification of intent to engage in de novo activities (in making or acquiring for such entities' own accounts or the account of others, loans and other extensions of credit and to expand the geographic limits of the conduct of such business by Mercantile Texas Corporation; lending activities will be conducted primarily in Texas in the case of Mercantile Texas Corporation and The Equitable Company of Texas and in Delaware in the case of Mercantile Southwest Financial Corporation, but will include loans originated in other jurisdictions of the United States) through its subsidiaries, The Equitable Company of Texas (a Texas corporation) and Mercantile Southwest Financial Corporation (a Delaware corporation) (7/30/84) Dallas TexFirst Bancshares, Inc., Houston, Texas, notification of intent to engage in de novo activities (making, or acquiring and servicing the following types of loans: real estate-secured loans and loans secured by personal property or fixtures; any such loans made by Applicant will be funded at the offices of Applicant at 1716 Mangum Road, Houston, Texas; any real estate-secured loans acquired from a subsidiary of Applicant will continue to be served by such subsidiary) (8/2/84) San Franci sco Arizona Bancwest Corporation, Phoenix, Arizona, notification of intent to engage in de novo activities (in the sale of credit life, accident and health, and unemployment insurance directly related to extensions of credit by its existing and future affiliates) through its subsidiary, Bancwest Insurance Agency, Inc. (8/2/84) San Franci sco CG Bancorp, Cottage Grove, Oregon, notification of intent to engage in de novo activities (directly in community development activities through the leasing of a building to a local theater group) (7/24/84) San Francisco U. S. Bancorp Financial Services, Inc., notification of intent to engage in de novo activities (in making, acquiring and servicing of loans and other forms of credit and financing, either secured or unsecured, for its own account or for the account of others; leasing of personal property and equipment, and acting as agent, broker or adviser in the leasing of such property; and acting as agent or broker with regard to credit life H.2, 1984 No. 31 - 21 APPLICATIONS RECEIVED - Continued and disability insurance through a proposed de novo indirect subsidiary, Financial Services; Bancorp relies on the provisions of Sections 225.25(b)(1)(5), and Regulation Y and Sections 601(A) of Title VI of the Garn-St Germain Depository Institutions Act to conduct such activities) these activities will be conducted throughout the western United States, including the states of Oregon, Washington, Idaho, Montana, California, Utah, Arizona, Nevada, Colorado, Wyoming and New Mexico, through its subsidiary, U. S. Bancorp Financial Services, Inc. (7/30/84) * * * * * REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None.
@FedFRASER