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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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102