The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM >. 31 its Staff, and the FedeiM* Reserve Banks; and Reports Received During the Week Ending August 4, 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Activities of the U.S. agencies and branches of Japanese banks — statement by Henry Terrell before the Task Force on the International Competitiveness of U.S. Financial Institutions of the Subcommittee on Financial Institutions of the House Committee on Banking, Finance and Urban Affairs, August 2, 1990. Published, August 2, 1990. BANK HOLDING COMPANIES Cho Hung Bank, Seoul, Korea — to acquire Cho Hung Bank of New York, New York, New York. Approved, July 30, 1990. Fuji Bank, Limited, Tokyo, Japan — to engage de novo worldwide in interest rate and currency swap activities through Fuji Capital Markets Corporation, New York, New York. Permitted, July 30, 1990. Societe Generale, Paris, France — to act as a Registered Options Trader with respect to options on the Japanese yen, Swiss franc, British pound, Canadian dollar, Australian dollar, European Currency Unit, and Deutsche mark on the Philadelphia Stock Exchange through Societe Generale Options - North America, Inc., Philadelphia, Pennsylvania. Approved, July 30, 1990. INTERNATIONAL OPERATIONS Bankers Trust International, New York, New York — consent to invest indirectly in BT Australia Limited, Sydney, Australia, and acquire Bankers Trust Life Limited, a de novo company that will underwrite life insurance products in Australia. Granted, July 30, 1990. H.2 JULY 30, 1990 PAGE 2 TO AUGUST 3, 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Bank Holding Company Reporting Requirements (FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-11Q, and FR Y-11AS — extensions with revisions. Approved, August 1, 1990. Regulation C — exemption from the Home Mortgage Disclosure Act that would permit Massachusetts chartered institutions to file their annual mortgage disclosure reports with the state banking commissioner (Docket R-0695). Approved, August 3, 1990. Regulation K — revisions to the provisions governing permissible overseas activities of U.S. banking organizations, and technical and clarifying amendments (Docket R-0703). Proposed, July 31, 1990. 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 Chicago American Trust & Savings Bank, Dubuque, Iowa — to establish a branch at 3355 John F. Kennedy Road. Approved, August 3, 1990. New York Chemical Bank, New York, New York — to establish a branch at the Warwick Hotel, 65 West 54th Street. Approved, July 31, 1990. Chicago Davenport Bank and Trust Company, Davenport, Iowa — to establish an offsite electronic facility at St. Ambrose University, 518 Locust Street; at Northpark Mall, 320 W. Kimberly Road; and at St. LukeTs Hospital, 1227 E. Rusholme. Approved, August 3, 1990. New York United Jersey Bank, Hackensack, New Jersey — to establish a branch at 40-B Meadowlands Parkway, Harmon Cove, Secaucus, New Jersey. Approved, August 3, 1990. H.2 JULY 30, 1990 PAGE 3 TO AUGUST 3, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Alpha Banco, Inc., Alpha, Illinois — Bank of Alexis, Alexis, Illinois. Approved, July 30, 1990. to acquire The Kansas City BancFirst, Oklahoma City, Oklahoma — dividend. Approved, August 3, 1990. payment of a Chicago Blackhawk Bancorporation, Milan, Illinois — acquire Blackhawk State Bank. Approved, July 31, 1990. Richmond Carolina First Corporation, Greenville, South Carolina — to acquire First Federal Savings and Loan Association of Georgetown, Georgetown, South Carolina. Approved, August 1, 1990. Philadelphia Citizens Financial Services, Inc., Mansfield, Pennsylvania — to acquire Star Savings and Loan Association, Sayre, Pennsylvania. Approved, August 3, 1990. San Francisco CNB Bancorp, San Francisco, California — Alvarado Bank, Richmond, California. Returned, August 2, 1990. New York Credit Lyonnais, Paris, France — to engage de novo in lending activities through Credit Lyonnais / PK Airfinance, Luxembourg. Permitted, August 2, 1990. Chicago Enterprise Financial Corp., Brown Deer, Wisconsin — to acquire Enterprise Bank. Returned, August 3, 1990. Cleveland First Financial Bancorp, Monroe, Ohio — to acquire Trustcorp Bank, Hartford City, Hartford City, Indiana, and Trustcorp Bank, Dunkirk, Dunkirk, Indiana. Approved, July 30, 1990. Kansas City FirsTrust, Inc., Cambridge, Nebraska — to acquire Hardin, Inc., Edison, Nebraska, and Farmers & Merchants Bank. Approved, August 2, 1990. to to acquire H .2 JULY 30, 1990 PAGE 4 TO AUGUST 3, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Garwin Bancorporation, Garwin, Iowa — Farmers Savings Bank. Returned, August 3, 1990. to acquire Atlanta Hancock Holding Company, Gulfport, Mississippi — to acquire Hancock Bank of Louisiana, Baton Rouge, Louisiana, which will assume the deposits and purchase certain assets of the former American Bank & Trust Company. Approved, August 2, 1990. Richmond HomeTown Bancorp, Inc., Myersville, Maryland — acquire Myersville Bank. Approved, July 30, 1990. Richmond Marathon Financial Corporation, Stephens City, Virginia — to acquire The Marathon Bank. Approved, July 31, 1990. Minneapolis NoDak Bancorporation, Mandan, North Dakota — to acquire Union State Bank of Fargo, Fargo, North Dakota. Approved, August 3, 1990. Chicago Northwest Bancorp, Inc., Hoffman Estates, Illinois — to acquire First National Hoffman Bancorp, Inc., First National Bank of Hoffman Estates, First Midwest Financial Corporation, and Charter Bank and Trust of Illinois, Hanover Park, Illinois. Approved, August 2, 1990. Kansas City Park Investments, Inc., Kansas City, Missouri — to acquire The Park National Bank of Kansas City. Withdrawn, August 3, 1990. Atlanta SouthTrust Corporation, Birmingham, Alabama — to acquire South Florida Financial Corporation, Cape Coral, Florida, and Community National Bank. Approved, August 3, 1990. Secretary U.S. Bancorp, Portland, Oregon — to acquire Mother Lode Savings Bank, Sacramento, California. Approved, July 31, 1990. to H.2 JULY 30, 1990 PAGE 5 TO AUGUST 3, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Staff Director BS&R U.S. Bancorp, Portland, Oregon — proposal that U.S. Bank of California, Eureka, California, purchase the assets and assume the liabilities of USBC Merger Corporation, San Francisco, California, which has been established to acquire certain assets and assume deposit liabilities of Mother Lode Savings Bank, Sacramento California. Approved, July 31, 1990. New York Vista Bancorp, Inc., Phillipsburg, New Jersey — acquire Twin Rivers Community Bank, Easton, Pennsylvania. Approved, August 3, 1990. to BANK PREMISES New York Chemical Bank, New York, New York — bank premises. Approved, July 31, 1990. investment in Cleveland Security Dollar Bank, Niles, Ohio — bank premises. Approved, July 31, 1990. investment in BANKS, NONMEMBER. AND MISCELLANEOUS INSTITUTIONS Staff Director BS&R First Fidelity Trust Company, New York, New York — transfer agent registration. Withdrawn, August 2, 1990. BANKS, STATE MEMBER S t . Louis Fayette County Bank, St. Elmo, Illinois — a dividend. Approved, July 30, 1990. payment of CAPITAL STOCK Chicago First Colonial Bankshares Corporation, Chicago, Illinois — redemption of shares. Returned, August 3, 1990. H .2 JULY 30, 1990 PAGE 6 TO AUGUST 3, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Minneapolis Peoples Bankshares, Inc., Parshall, North Dakota -redemption of shares. Approved, July 31, 1990. CHANGE IN BANK CONTROL San Francisco Burlingame Bancorp, Burlingame, California -- change in bank control. Permitted, August 2, 1990. S t . Louis Central Arkansas Bancshares, Inc., Malvern, Arkansas — change in bank control. Permitted, August 3, 1990. Dallas Lamar Bancorporation, Inc., Paris, Texas -- change in bank control. Permitted, August 1, 1990. Kansas City Lyons Bankshares, Inc., Lyons, Kansas — The Coronado Bank of Lyons. Permitted, August 1, 1990. Richmond South Carolina National Corporation, Columbia, South Carolina — change in bank control. Permitted, July 31, 1990. Dallas Sundown Bankshares, Inc., Sundown, Texas — in bank control. Permitted, August 3, 1990. Cleveland Trans - Kentucky Bancorp, Pikeville, Kentucky — change in bank control. Permitted, July 30, 1990. to acquire changes COMPETITIVE FACTORS REPORTS Dallas First Texas Bank, Houston, Texas, proposed merger with Lockwood National Bank of Houston, Houston, Texas — report on competitive factors. Submitted, August 3, 1990. H .2 JULY 30, PAGE 7 1990 TO AUGUST 3, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago F&M Bank, Wittenberg, Wisconsin, proposed merger with F&M Bank, Stetsonville; F&M Bank National Association, Crandon; and F&M Bank, Hurley, Wisconsin — report on competitive factors. Submitted, August 3, 1990. San Francisco Great Western Bank, A Federal Savings Bank, Beverly Hills, California, proposed acquisition of the branch offices and transfer of deposits of Carteret Savings Bank, FA, Morristown, New Jersey — report on competitive factors. Submitted, August 3, 1990. Chicago LaSalle Bank Westmont, Westmont, Illinois, proposed acquisition of assets and assumption of liability to pay deposits made in Exchange Bank of DuPage, Oakbrook, Illinois -- report on competitive factors. Submitted, August 3, 1990. Chicago Le Roy State Bank, Le Roy, Illinois, proposed merger with LRS Interim Bank -- report on competitive factors Submitted, August 2, 1990. Chicago M&I Central State Bank, Ripon, Wisconsin, proposed merger with Rosendale State Bank, Rosendale, Wisconsin — report on competitive factors. Submitted, July 31, 1990. Chicago New Farmers and Mechanics Bank, Galesburg, Illinois, proposed merger with The Farmers and Mechanics Bank — report on competitive factors. Submitted, August 2, 1990. San Francisco Sacramento Savings and Loan Association, Sacramento, California, proposed purchase of assets and assumption of deposit liabilities of one branch office of First Deposit Savings Bank, Redding, California — report on competitive factors. Submitted, July 30, 1990. H .2 JULY 30, 1990 PAGE 8 TO AUGUST 3, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Boston Seacoast Savings Bank, Dover, New Hampshire, proposed merger with Dover Acquisition Bank (in organization) — report on competitive factors. Submitted, August 1, 1990. Chicago Union State Bank, Windfall, Indiana, proposed merger with Union Interim Bank — report on competitive factors. Submitted, August 3, 1990. Minneapolis Valley Bank, Glasgow, Montana — proposed merger with United Montana Federal Credit Union — report on competitive factors. Submitted, July 30, 1990. Minneapolis Valley Bank Minnesota, Jordan, Minnesota, proposed merger with the Jordan Branch of Norwest Bank Minnesota NA, Minneapolis, Minnesota -- report on competitive factors. Submitted, July 30, 1990. Boston Waltham Savings Bank, Waltham, Massachusetts, proposed merger with Lexington Savings Bank, Lexington, Massachusetts — report on competitive factors. Submitted, August 3, 1990. EXTENSIONS OF TIME Chicago Amcore Financial, Inc., Rockford, Illinois — extension to October 27, 1990, to engage de novo in trust activities through Amcore Trust Company. Granted, August 1, 1990. San Francisco Central Bancorporation, Provo, Utah — extension to November 16, 1990, to acquire Central Bank and Trust Company, Provo, Utah. Granted, August 3, 1990. Atlanta Eagle Bancorp, Inc., Statesboro, Georgia — extension to November 11, 1990, to acquire Eagle Bank and Trust. Granted, July 31, 1990. H .2 JULY 30, 1990 PAGE 9 TO AUGUST 3, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Cleveland Fifth Third Bank, Cincinnati, Ohio — extension to February 3, 1991, to establish a branch at the northwest corner of Wenger and Union Roads, Englewood, Ohio. Granted, August 3, 1990. San Francisco First Bankshares, Inc., St. George, Utah — to divest certain properties. Granted, August 3, 1990. St. Louis First Paragould Bankshares, Inc., Paragould, Arkansas — extension to October 26, 1990, to engage de novo in data processing activities and providing management consulting services to depository institutions. Granted, August 1, 1990. Cleveland F.N.B. Corporation, Hermitage, Pennsylvania — extension to October 30, 1990, to acquire Emclaire Financial Corp. Emclaire, Pennsylvania. Granted, July 31, 1990. Chicago Hi ~ Bancorp, Inc., Highwood, Illinois — extension to October 29, 1990, to acquire GNP Bancorp, Inc., Mundelein, Illinois, and New Century Bank. Granted, August 2, 1990. Chicago Honor Bancorp, Inc., Honor, Michigan — extension to November 1, 1990, to acquire The Honor State Bank. Granted, August 3, 1990. Boston Institution For Savings In Newburyport And Its Vicinity, Newburyport, Massachusetts — extension to November 2, 1990, to acquire First and Ocean Bancorp. Granted, July 31, 1990. Philadelphia Meridian Bank, Reading, Pennsylvania — extension to February 15, 1991, to establish a branch at 1414 1438 South Penn Square, Philadelphia, Pennsylvania Granted, July 30, 1990. extension H.2 JULY 30, 1990 PAGE 10 TO AUGUST 3, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago Midlothian State Bank Employees Stock Ownership Trust, Midlothian, Illinois — extension to November 21, to acquire additional shares of Midlothian State Bank. Granted, July 30, 1990. Staff Director BS&R Royal Bank of Scotland Group pic, Edinburgh, Scotland — extension to December 16, 1990, to discontinue real estate development activities of The 1832 Corporation, a subsidiary of Citizens Financial Group, Inc., Providence, Rhode Island. Granted, July 31, 1990. San Francisco Security Bank Holding Company, Coos Bay, Oregon — extension to September 2, 1990, to achieve change in bank control. Granted, August 3, 1990. San Francisco Security Pacific Corporation, Los Angeles, California — extensions to divest certain properties. Granted, July 31, 1990. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — extension to November 7, 1990, to acquire Peoples Bank of Lakeland, Lakeland, Florida. Granted, July 31, 1990. San Francisco Wasatch Bancorp, Inc., Orem, Utah — extension to November 14, 1990, to acquire Wasatch Bank. Granted, August 2, 1990. San Francisco Wells Fargo & Company, San Francisco, California — extensions to divest certain properties. Granted, August 3, 1990. Minneapolis Montana Bank of Baker, Baker, Montana — member of the Federal Reserve System. Approved, August 1, 1990. Minneapolis Montana Bank of Circle, Circle, Montana — a member of the Federal Reserve System. Approved, August 1, 1990. MEMBERSHIP to become a to become H .2 JULY 30, PAGE 11 1990 TO AUGUST 3, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY MEMBERSHIP Philadelphia Twin Rivers Community Bank, Easton, Pennsylvania -to become a member of the Federal Reserve System. Approved, August 3, 1990. REGULATIONS AND POLICIES Director, C&CA Regulation 2 -- preemption of certain provisions of the law of Wisconsin dealing with home equity plans (Docket R-0689). Approved, July 31, 1990. RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Chicago -- to purchase reader / sorters for the Des Moines regional check processing center. Approved, July 31, 1990. FEDERA L R E SE R V E BANK OF BOSTON A P P L IC A T IO N S SE C T I O N I - A P P L I C A T I O N S SU B J E C T TO N E W S P A P E R NOTICE ONLY Comment P e r i o d E n d i n g Date Application NONE S E C T I O N II - A P P L I C A T I O N S S UBJECT TO BOTH N E W S P A P E R A N D FE D E R A L R E G I S T E R NOT I C E Comment P e riod E n d i n g Date Application A n d o v e r Bancorp, I n c . , Andover, M a s s a c h u s e t t s - 3 ( a ) ( 3 ) / 3 ( a ) (5) a p p l i c a t i o n to m e r g e w i t h First E ssex Bancorp, Inc., Lawrence, Ma s s a c h u s e t t s * Newspaper 08-11-90 Federal R e g i s t e r N o t Yet P u b l i s h e d Landmark/Community Bancorp, Inc., Hartford, C o n n e c t i c u t - 3(a)(3) a p p l i c a t i o n to retain its o w n e rship of 10.06% of the o utstanding shares of SBT Corp., Old Saybrook, Connecticut* Newspaper 08-18-90 Federal R e g i s t e r Not Yet P u b l i s h e d SECTION III - APPLIC A T I O N S S U BJECT TO FE D E R A L R E G I S T E R N O TICE ONLY Application Comment P e riod E n d i n g Date NONE S E CTION IV - APPLIC A T I O N S N O T S U BJECT TO FE D E R A L R E G I S T E R OR N E W S P A P E R NOTICE Application NONE *Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ Bank of Avoca, Avoca, New York to establish a branch at 2 Chase Street, Avoca, New York.l/ 8/26/90 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ 4/ 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 Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FEDERAL R E S E R V E BANK OF P H ILA D ELP H IA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank. Reading, PA to establish a remote service facility to be located at the ACME Market, in the Bazaar Shopping Center, Baltimore Pike and Bishop Ave., Clifton Heights, PA. Secretary Delegated 8/27/90 Ambassador Bank Allentown, PA Reserve System, Reserve Act and 8/30/90 of the Commonwealth (in organization), to become a member of the Federal pursuant to Section 9 of the Federal Section 208.4 of Regulation H. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date First Eastern Corporation. Wilkes-Barre, PA to engage de novo in making loans and extensions of credit, through an existing subsidiary First Eastern Investment Company, Wilmington, DE, pursuant to Section 4(c)(8) of the Bank Holding Company Act and Section 225.25(b)(1) of Regulation Y. 8/30/90 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. F ed eral R eserv e Bank o f C le v e la n d Applications Bulletin For Week Ending August 4, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION C O M M E N T P E R I O D ENDING R e c e i v e d a p p l i c a t i o n from So c i e t y B a n k & Trust, Toledo, Ohio, to acqu i r e eig h t b r a n c h e s of S o c i e t y National Bank, Cleveland, Ohio, p u r s u a n t to S e c t i o n 18(c) of the Federal Deposit I n s u r a n c e Act. * A u g u s t 26, 1990 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION CO M M E N T P E R I O D ENDING R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on J u l y 30, 1990 from First W e s t e r n Bancorp, Inc., N e w Castle, Pennsylvania, to acquire Fir s t Federal of W e s t e r n Pennsylvania, Sharon, Pennsylvania. A u g u s t 30, R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on J u l y 31, 1990 from Second Bancorp Incorporated, Warren, Ohio, to acquire P e oples Federal Savings and Loan Association, N e w Kensington, Pennsylvania. A u g u s t 31, 1990 * # N F - 1990 S u b j e c t to CR A E x p e c t e d to end app r o x i m a t e l y 30 days from the date of receipt N e w s p a p e r Comment Period Federal R e g i s t e r Comment Period Applications Bulletin For Week Ending August 4, 1990 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Rec e i v e d r equest on J u l y 30, 1990 by S ecurity D o llar Bank, Niles, Ohio, for pe r m i s s i o n to exceed its limit of investment in b a n k prem i s e s p e r mitted under Se c t i o n 24A of the Federal Reserve Act. * # N F - S u b j e c t to CRA E x p e c t e d to end ap p r o x i m a t e l y 30 days from the date of receipt N e w s p a p e r C omment Period Federal R e g i s t e r Comment Period F e d e r a l R e s e r v e Bank o f Richm ond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Signet Bank/Virginia, Richmond, Virginia, to establish a branch at Worldgate Centre, Exit 2, Dulles Access Highway and Centreville Road, Herndon, Virginia.* 8-25-90 Rockingham Heritage Bank, Harrisonburg, Virginia, for membership in the Federal Reserve System.* 8-27-90 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Mercantile Bankshares Corporation, Baltimore, Maryland, to acquire Farmers & Merchants Bank - Eastern Shore, Onley, Virginia.** 8-27-90 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. * A p p l i c a t i o n i s s u b j e c t to CRA. * * E x p i r a t i o n o f comment p e r i o d s p e c i f i e d i n th e F e d e r a l R e g i s t e r . Federal R e s e r v e Bank of A t l a n t a A p p l i c a t i o n s Bul l e t i n for W e e k E n d i n g A u g u s t 3. 1990 S e c t i o n I - A p p l i c a t i o n s Su b j e c t To N e w s p a p e r Onl y Application C o m m e n t P e riod E n d i n g Date 07-28-90 (CRA) Newspaper So u t h T r u s t B a n k of T ampa Tampa, Flor i d a To e s t a b l i s h a b r a n c h office at 4505 G u n n Highway, Tampa, Florida, to be kno w n as the G u n n H i g h w a y Branch. A m S o u t h B a n k of T e n n e s s e e Columbia, T e n n e s s e e To b e c o m e a m e m b e r of the Federal R e s e r v e System, p u r s u a n t to section 9 of the Federal R e s e r v e Act. This appl i c a t i o n is to facilitate the m e r g e r of A m S o u t h Bank of Tennessee, Columbia, Tennessee, an interim bank, w i t h and into A m S o u t h Bank of Tennessee, Nashville, Tennessee. A m S o u t h Bank of Tennessee, Nashville, Tennnessee, will survive the m e r g e r as a m e m b e r bank. 06-12-90 (CRA) Newspaper S e c t i o n II - A p p l i c a t i o n s S ubject To Bot h N e w s p a p e r and Federal R e g i s t e r N o t i c e Application Co m m e n t P e riod E n d i n g Date Brannen A c q u i s i t i o n Corp. Inverness, Florida 1-BHC formation, B r a n n e n Banks of Florida, Inc., Inverness, Florida. Interbanc Finan c i a l Group, Inc. Fort Lauderdale, F l orida To b e c o m e a b a n k h o l d i n g company by c o n v e r t i n g the c h a r t e r of its s u b s idiary bank, Inter b a n c Savings and Loan Association, Fort Lauderdale, Florida, to a s t a t e - c h a r t e r e d commercial bank. Synovus Finan c i a l Corp. Columbus, G e o r g i a A l o n g w i t h T B & C Bancshares, Inc., Columbus, Georgia, to acquire First Coast C o m m u n i t y Bank, Fernandina Beach, Florida, m e m b e r bank. 08-17-90 Federal R e g i s t e r Consorcio Inversionista BanCaracas Cibanca, Caracas, V e n ezuela A l o n g w i t h Banco Caracas, S.A.C.A., Caracas, Venezuela; Banco Caracas, N . V . , Willemstad, Curacao; and Seguros Avila, C.A., Caracas, Venezuela, to beco m e bank holding companies by c o llectively acquiring Eagle National Bank of Miami, Miami, Florida. C.A 08-03-90 Federal Register Section III - Applications Subject To Federal Register Notice Only A p p l i cation First Florida Banks, Inc. Tampa, Florida Alo n g w i t h 7L Corporation, Tampa, Florida, to acquire Mid-State Federal Savings Bank, Ocala, Florida, pursuant to section 225.25(b)(9) of Regulation Y. Interbanc Financial Group, Inc. Fort Lauderdale, Florida To continue to own 51 percent of Interbanc Real Estate, Inc., Fort Lauderdale, Florida (Company), which engages in leasing activities, pursuant to section 225.25(b)(5) of R e g u lation Y. Company, as a general partner, has 1 percent interest in Interbanc Real Estate Fund, Ltd., Fort Lauderdale, Florida, which owns and leases a building to Interbanc Savings and Loan Association, Fort Lauderdale, Florida. A v antor Financial Corporation A t l a n t a , Georgia A joint venture with Bank South Corporation, Atlanta, Georgia; Barnett Banks, Inc., Jacksonville, Florida; The Citizens and Southern Corporation, Atlanta, Georgia; First Florida Banks, Inc., Tampa, Florida; Southeast Banking Corporation, Miami, Florida; SunTrust Banks, Inc., Atlanta, Georgia; Synovus Financial Corp., Columbus, Georgia; and TB&C Bancshares, Inc., Columbus, Georgia, to acquire 08-22-90 08-30-90 Southeast Switch, Inc., Maitland, Florida. Ap p l i c a n t s p r opose to engage de novo in the following activities: (1) data p r o c e s s i n g and data transmission services, p u r s u a n t to section 2 2 5 . 2 5 ( b ) (7) of R e g u l a t i o n Y; and (2) management c o n s ulting activities, pursuant to section 2 2 5 . 2 5 ( b ) (11) of Regulation Y. BMR Financial Group, Inc. Atlanta, Georgia To acquire First Chattanooga Financial Corporation, Chattanooga, Tennessee, a savings and loan h o lding company, and indirectly acquire the following companies: (1) First Federal Savings and Loan A s s o c i a t i o n of Chattanooga, C h a t t a n o o g a , T e n n e s s e e , pursuant to s e ction 225.25(b)(9) of R e g u lation Y; (2) F M L S , Inc., C h a t t a n o o g a , T e n n e s s e e , pursuant to sections 225.25(b)(1) and 2 2 5 . 2 5 ( b ) (15) of R e g u l a t i o n Y; and (3) Southern Tennessee Mort g a g e Corporation, Fayetteville, Tennessee, pursuant to section 2 2 5 . 2 5 ( b ) ( 1 ) (iii) of Regulation Y. 08-20-90 Section III - Applications Subject To Federal Register Notice Onl y Applic a t i o n SunTrust Banks, Inc. Atlanta, Georgia Alo n g w i t h Trust Company of Georgia, Atlanta, Georgia, to acquire the deposits and certain related loans of eighteen Atlanta branch offices of A n c h o r Savings Bank, FSB, Hewlett, New York, pursuant to section 225.25(b)(9) of Regulation Y. To facilitate the acquisition, Trust Company of Georgia will organize the following interim Georgia chartered thrift institutions: SunTrust/Atlanta Interim Savings Bank, Atlanta, Georgia; SunTrust/Gwinnett Interim Savings Bank, Lawrenceville, Georgia; SunTrust/Cobb Interim Savings Bank, Atlanta, Georgia; and SunTrust/Savannah Interim Savings Bank, Savannah, Georgia. SunTrust/Atlanta Interim Savings Bank will be m e r g e d w i t h and into Trust Company Bank, Atlanta, Georgia, a member bank. 08-30-90 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Type Application Branch First Chicago Bank of Lincoln Park Chicago, Illinois 801 W. Diversey Chicago, Illinois* Comment Period Endina Date N - 7-29-90 Section II - Applications Subiect to Both Newspaper and Federal Reaister Notice Comment Period Endina Date Type Application Y-2 INB Financial Corporation FR - 7-25-90 Indianapolis, Indiana N - 7-25-90 Peoples Savings Bank of Evansville, Indiana Evansville, Indiana* Y-l CNB Bancorp FR - 8-24-90 Attica, Indiana N - 8-13-90 The Central National Bank and Trust Company Attica, Indiana* CoC-Bk Bank of Lenawee Adrian, Michigan Bank of Lenawee Employee Stock Ownership Trust Adrian, Michigan FR - 8-15-90 N - ** Y-l Huxley Bancorp Huxley, Iowa First National Bank Huxley, Iowa* FR - 8-20-90 N - 8-10-90 Y-2 First Farmers Financial Corporation Converse, Indiana Union State Bank Windfall, Indiana* FR - 8-24-90 N - ** Y-2 First Northbrook Bancorp, Inc. Riverwoods, Illinois First Security Bank of Gurnee Gurnee, Illinois (in organization)* FR - 8-24-90 N - ** CoC-HC Northwood Financial Services Corporation Northwood, Iowa Kary S. Paulson FR - 8-14-90 N - 8-8-90 CoC-HC The Baraboo Bancorporation, Inc. Baraboo, Wisconsin Merlin E. Zitzner FR - 8-15-90 N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Mewsoaoer and Federal Register Notice Continued Comment Period Ending Date Type Application Y-l Mechanicsville Trust & Savings Bank, FR - ** Trustee of Mechanicsville Trust & Savings N - ** Bank Employee Stock Ownership Plan & Trust Mechanicsville, Iowa Mechanicsville Bancshares, Inc. Mechanicsville, Iowa* Section III - Applications Subject to Federal Register Notice Only Comment Period Application Ending Date Type 4(c)(8) Am8terdam-Rotterdam Bank N.V. Amsterdam, The Netherlands To acquire certain assets and liabilities of NSR Asset Management Corporation New York, New York FR - ** 4(c)(8) Stichting Amro Amsterdam, The Netherlands To acquire certain assets and liabilities of NSR Asset Management Corporation New York, New York FR - ** 4(c)(8) Amcore Financial, Inc. Rockford, Illinois Consumer finance through Illinois Budget Corp., Woodstock, Illinois FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Northwood Financial Services Corporation Northwood, Iowa To redeem 11,800 shares preferred stock and 33,751 shares common stock RoS Nevada National Co. Omaha, Nebraska To redeem 151,937.05 each Class A voting common and Class B nonvoting common stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time A u g u s t 3, 1990 F e d e r a l R e se rv e B ank o f S t. L o u is SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE None SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period Change in control notification involving Mountain Home Bancshares, Inc., Mountain Home, Arkansas, by Frank L. Coffman, Jr. (Not available) * Section 3(a)(3) application by Old National Bancorp, Evansville, Indiana, to acquire Farmers Bank & Trust Company, Henderson, Kentucky (Not available) * Section 3(a)(1) application by New South Capital Corporation, Batesville, Mississippi, to acquire New South Bank, Batesville, Mississippi, resulting from the conversion of New South Bank for Saving, F.S.B., Batesville, Mississippi (Not available) * Section 3(a)(5) application by SBC Financial Corporation, Como, Mississippi, to acquire by merger New South Capital Corporation, Batesville, Mississippi (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Section 4(c)(8) application by Carlson Bancshares, Inc., West Memphis, Arkansas, to engage in underwriting credit insurance through the acquisition of Southern Life Insurance, Limited, West Memphis, Arkansas * This application is subject to CRA. (Not available) Section 4(c)(8) joint venture application by Boatmen's Bancshares, Inc., St. Louis, Missouri, to acquire 42.29% of Credit Systems Incorporated, St. Louis, Missouri, and thereby engage in data processing and lending activities (Not available) Section 4(c)(8) joint venture application by Mercantile Bancorporation Inc., St. Louis, Missouri, to acquire 29.15% of Credit Systems Incorporated, St. Louis, Missouri, and thereby engage in data processing and lending activities (Not available) SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Klossner Bancorporation, Inc., Klossner, MN To acquire, via merger, Security State Investments, Inc., Houston, MN, a obhc owning the Security State Bank, Houston, MN* Not yet available Bank of Montana System Great Falls, MT To acquire Toole County State Bank, Shelby, MT* 8-30-90 (Federal Register) Exeter Bancorporation, Inc. St. Paul, Mn To acquire First State Bank of Ada, Ada, MN; Karlstad State Bank, Karlstad, MN; Crookston Financial Services, Inc., Crookston, MN; and St. Stephen Bancorporation, Inc., St. Stephen, MN* Not yet available Dennis J. Zaun, Robert D. Edwards, and Thomas J. Sexton To acquire 100% of the Farmers and Merchants Agency, Inc., Pierz, MN Not yet available *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Norwest Corporation Minneapolis, MN To engage in general insurance agency activities through the acquisition of Abramson-NaultKreager-Oas Agency, Inc., Duluth, MN. 8-20-90 Exeter Bancorporation, Inc., St. Paul, Mn to engage in general insurance agency activities through the acquisition of Karlstad Insurance Agency, Inc., Karlstad, MN Not yet available Norwest Corporation Minneapolis, MN To engage in title insurance agency activities through the acquisition of American Land Title Co., Inc., Omaha, NE Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Farmers and Merchants Agency, Inc. Pierz, MN To redeem 73.4% of its voting shares. Federal Reserve Bank o f Kansas City SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION The Citizens Bank of Edmond, Edmond, Oklahoma, for prior approval to establish an ATM in Edmond, Oklahoma. COMMENT PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE A P P LICATION COMMENT PERIOD ENDING DATE Ivan D. Shupe, Kersey, Colorado, for prior approval to increase his proportionate ownership interest in Kersey Bancorp, Inc., Kersey, Colorado, by 2.98 percent to 26.91 percent. Not Available Wanda M. Brown and George L. Brown, Bixby, Oklahoma, for prior approval to increase their proportionate ownership interest in Citizens Security Bancshares, Inc., Bixby, Oklahoma, by 5.95 percent to 26.82 percent. Not Available Harry Thompson, Jr., Hugo, Colorado, for prior approval to increase his proportionate ownership interest in First Liberty Capital Corporation, Hugo, Colorado, by 7.8 percent to 18.6 percent. Not Available First State Management Corporation, Inc., Salina, Kansas, for prior approval to acquire 100 percent of the voting shares of Kanopolis Bankshares, Inc., Kanopolis, Kansas, parent of Kanopolis State Bank, Kanopolis, Kansas.* August 24, 1990 Lowry Facilities, Inc., Clinton, Oklahoma, for prior approval to acquire an additional 1.96 percent of the voting shares of Oklahoma Bancorporation, Inc., Clinton, Oklahoma, parent of Oklahoma Bank and Trust Co., Clinton, Oklahoma.* August 17, 1990 Federal Reserve Bank o f Kansas City FirsTier Financial, Inc., Omaha, Nebraska, for prior approval to acquire 34 percent of the voting shares of Guaranty Corporation, Denver, Colorado.* August 17, 1990 Catherine Stuart Schmoker Family Partnerships, et. al., for prior approval to acquire 5.15 percent of the voting shares of Minden Exchange Company, Minden, Nebraska.* August 1990 Melvin and Mona Winger, Johnson, Kansas, and R.D. and Evelyn Floyd, Johnson, Kansas, to increase each of their proportionate ownership interests in Kansas Bank Corporation, Liberal, Kansas, by 5.18 percent to 25.58 percent. July 31, Park Investments, Inc., Kansas City, Missouri, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of The Park National Bank of Kansas City, Kansas City, M i s s o u r i .* August 10, 1990 Country Bank Shares, Inc., Milford, Nebraska, for prior approval to acquire 100 percent of the voting shares of Nebraska State Bank, Weeping Water, Nebraska.* August 16, 1990 24, 1990 SECTION III - APPLICATIONS SUBJECT TO FEDERAL R E G I S T E R NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE Sooner Southwest Bankshares, Inc., Bristow, Oklahoma, for prior approval to acquire 100 percent of the voting shares of Southwest Consolidated Life Insurance Company, Phoenix, Arizona. Not A v ailable United Missouri Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire 18.50 percent of the voting shares of Credit Systems Incorporated, St. Louis, Missouri. Not A v ailable Federal Reserve Bank of Kansas City FirsTier Financial, Inc., Omaha, Nebraska, for prior approval to acquire 100 percent of the voting shares of FirsTier Savings Bank II, F.S.B., Omaha, Nebraska. August 24, 1990 Security Bancshares, Inc., Scott City, Kansas, for prior approval to acquire 75 percent of the voting shares of Crownover Insurance Agency, Inc., Oakley, Kansas. August 17, 1990 United Nebraska Financial Co., Ord, Nebraska, for prior approval to acquire 100 percent of the voting shares of United Nebraska Savings and Loan Association, Ogallala, Nebraska. August 13, 1990 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR N E W S P A P E R N O T I C E APPLIC A T I O N None. *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 30, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NOTICE EXP APPLICATION None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Change in Control Notice by Thomas Michael Jenkins, Seminole, TX, to acquire an interest in Gaines Bancshares, Inc., Seminole, TX ** NOTICE EXP N/A Change in Control Notice by Vincent John Viola, Chatham, New Jersey, to acquire an interest in Farmersville Bancshares, Inc., Farmersville, TX 90/08/15 Change in Control Notice by Frank Caraway, San Angelo, TX, to acquire an interest in West Side Bancshares, Inc., San Angelo, TX 90/07/09 Change in Control Notice by Eugene Leroy Riser - Trustee; Eugene Leroy Riser; Cruz Garcia; James Marvin Johnson III; and Paul Martin Dirks, George West, TX; Gwendolyn Knox, Dallas, TX; James Henderson Eckhardt, San Antonio, TX; Robert Edward Matula, Calliham, TX; Marcia Lynne Wallace, San Antonio, TX, to acquire an interest in Charlotte Bancshares, Inc., Charlotte, TX 90/08/14 Change in Control Notice by Edith Jones Palmer, Zwolle, LA; Henry Cook Taylor, Natchitoches, LA; Charles Arnold Richey, Many, LA; and James Robert Cole, Many, LA, to acquire an interest in Sabine Bancshares, Inc., Many, LA N/A ♦Section 3(a)(1) application by High Plains Bancshares, Inc., Muleshoe, TX, to acquire Muleshoe State Bank, Muleshoe, TX 90/08/21 ♦Section 3(a)(1) application by Texas Financial Bancorporation, Inc., Minneapolis, NM, to acquire First State Bank of Denton, Denton, TX 90/08/18 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) application by First City Bancorporation of Texas, Inc., Houston, TX, to acquire BAII Banking Corporation, New York, NY, and engage in making and servicing loans, trade finance and foreign exchange activities pursuant to Section 225.25(b)(1) of Regulation Y 90/08/22 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN fRANCISCD Week ending 8/03/90 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Secticai II - Applications Subject to Both Newspaper and Federal Register Notice Philippine National Bark, Manila, Philippines, to become a bark holding corpany through the acquisition of Century Bark, San Francisco, California. * Pacific Capital Bancorp, Salinas, California, to acquire Bajaro Valley Baneorporation, Watsonville, California. * Fed. Rea.: 8/16/90 Newspaper; Not available Fed. Rea.: 8/30/90 Newspaper: 8/29/90 Section III - Applications Subject to Federal Register Notice Only Ihilippine Commercial International Bank, Los Fed. Rea.; Not yet published Angeles, California, to engage in money transmission to a foreign country through PCI Express Padala, Inc., Los Angeles, California. The Sanwa Bank, Limited, Osaka, Japan, to engage in interest rate/currency swaps, foreign exchange and expanded futures ccmmision merchants and advisory activities through Sanwa-BGK Securities Co., L.P., New York, New York. Fed. Rea.; Not yet published Secticai IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER