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announcement BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1989, No. 31 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending August 5, 1989. ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Monetary policy objectives — statement by Chairman Greenspan before Senate Committee on Banking, Housing, and Urban Affairs, August 1, 1989. Authorized, July 18, 1989. Office of Inspector G e n e r a l ’s history, responsibilities, and authority — statement by Inspector General Brent Bowen before the Subcommittee on Domestic Monetary Policy of the House Committee on Banking, Finance and Urban Affairs, August 3, 1989. Published, August 3, 1989. BANK HOLDING COMPANIES Dresdner Bank AG, Frankfurt, Federal Republic of Germany -- to acquire a limited partnership interest in Oechsle International Advisors L.P., Boston, M a s s a c h u s e t t s . Approved, July 31, 1989. First Interstate Bancorp, Los Angeles, California; and First Interstate Bank of California — to acquire Ban k of Alex Brown, Sacramento, California, and M e ridian National Bank, Concord, California, and First Interstate Bank of California to merge with Bank of Alex Brown. Approved, July 31, 1989. First Union Corporation, Charlotte, North Carolina — to engage in underwriting and dealing in municipal revenue bonds; mortgage-related securities; commercial paper; consumer receivable related securities; and other types of securities and other brokerage; advisory; futures commission merchant; and foreign exchange activities through First Union Securities, Incorporated, Charlotte, North Carolina. Approved, July 31, 1989. Security Bancshares, Inc., Scott City, Kansas — to acquire Farmers State Bank of Oakley, Oakley, Kansas, and Medlin Insurance Agency Inc. and engage in general insurance agency activities. Approved, July 31, 1989. United Banks of Colorado, Inc., Denver, Colorado -peti t i o n for review of Reserve B a n k ’s approval of an a p p l i c a t i o n to engage in employee benefits cons u l t i n g services and data processing through a joint venture. Denied, Jul y 31, 1989. H .2 JULY 31, 1989 PAGE 2 TO AUGUST 4, 1989 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; GC - General Counsel; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Chicago Comerica Bank - Detroit, Michigan — to establish branches at 4395 Orchard Lake Road, Orchard Lake; 65 Livernois, Rochester; 41941 Garfield, M t . Clemens; 5720 North Sheldon, Canton; and the corner of Ford and Middlebelt, Garden City, Michigan. Approved, July 31, 1989. Chicago Marine Bank of Bloomington - Normal, Bloomington, Illinois — to establish an offsite electronic facility at Biasis Drug Store, 102 West Washington Street. Approved, August 2, 1989. BANK HOLDING COMPANIES Chicago Algemene Bank Nederland, N.V., Amsterdam, The Netherlands, and A . B . N .-Stichting — to engage in discount brokerage through ABN Capital Markets Corporation. Returned, August 1, 1989. Boston Bank of New England Corporation, Boston, Massachusetts — to engage de novo in the underwriting and dealing of debt securities through BNE Capital Markets, Inc. Withdrawn, July 31, 1989. Staff Director BS&R Cardinal Corporation, Lexington, Kentucky — agent registration. Withdrawn, August 3, 1989. Chicago Comerica Incorporated, Detroit, Michigan — to acquire certain mortgage banking assets of Bloomfield Mortgage Corporation, Southfield, Michigan. Permitted, July 31, 1989. Atlanta FBC Holding Company, Inc., Crestview, Florida — acquire First Ba n k of Crestview. Approved, August 4, 1989. transfer to H .2 JULY 31, 1989 PAGE 3 TO AUGUST 4, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago First Channahon Bancorp, Inc., Naperville, Illinois — to acquire Westbank / Orland Park, Orland Park, Illinois Returned, July 31, 1989. Chicago Firstar Corporation, Milwaukee, Wisconsin, and Firstar Corporation of Minnesota — to acquire Firstar Trust Company of Minnesota. Permitted, August 2, 1989. Kansas City Fourth Financial Corporation, Wichita, Kansas — to acquire The Exchange Holding, Inc., El Dorado, Kansas, and The First National Bank & Trust Company. Approved, July 31, 1989. Chicago Iowa Financial Bancorporation, Minneapolis, Minnesota — to acquire First National Bank of Oelwein, Oelwein, Iowa; BP Corporation, Minneapolis, Minnesota; and Iowa State Savings Bank, Clinton, Iowa. Approved, July 31, 1989. Dallas Lemens Banking Investments, Ltd., Austin, Texas — to acquire First Bank & Trust of Bartlett, Bartlett, Texas. Returned, August 4, 1989. Minneapolis Litchville State Bank Holding Company, Litchville, North Dakota — to acquire Litchville State Bank. Approved, August 2, 1989. Chicago Marshall & Ilsley Corporation, Milwaukee, Wisconsin — to acquire First National Bank of Cudahy, Cudahy, W i s c o n s i n . Approved, August 4, 1989. S t . Louis Mercantile Bancorporation, Inc., St. Louis, Missouri — to engage de novo in community development services. Permitted, August 1, 1989. H.2 JULY 31, 1989 PAGE 4 TO AUGUST 4, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Mission Bancshares, Inc., Mission, Kansas — to acquire One Security, Inc., Kansas City; Security Bank of Kansas City; and Industrial Bancshares, Inc.; Industrial State Bank, and CNB Financial Corporation. Approved, July 31, 1989. Chicago North Linn Corporation, Coggon, Iowa — Linn County State Bank. Approved, July 31, 1989. Chicago Pinnacle Banc Group, Inc., Oak Brook, Illinois — to acquire S B H Corp., Silvis, Illinois, and Bank of Silvis. Approved, July 31, 1989. Dallas Plains Corporation, Lubbock, Texas — to engage de novo in originating loans through Plains Financial Corporation. Returned, August 2, 1989. Kansas City Plainview Holding Company, Plainview, Nebraska — to acquire Farmers National Bank, Pilger, Nebraska, and Deshler State Company, Deshler, Nebraska. Approved, August 1, 1989. Kansas City Security Exchange Bancorp, Inc., Duncan, Oklahoma — to acquire American National Bank of Duncan. Approved, August 4, 1989. Staff Director BS&R Security Financial Corporation, Starkville, Mississippi — transfer agent registration. Withdrawn, August 3, 1989. Kansas City Va l l e y View Bancshares, Inc., Shawnee, Kansas — acquire Mission Bancshares, Mission, Kansas. Withdrawn, July 31, 1989. Chicago Wellman Investment Company, Wellman, Iowa ~ to engage de novo in insurance agency activities. Permitted, August 2, 1989. to acquire to H .2 JULY 31, 1989 PAGE 5 TO AUGUST 4, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Westbank Financial Corporation, Naperville, Illinois — to relocate charter of First Bank of Channahon, Channahon, Illinois, to Orland Park, Illinois, and rename the bank. Returned, July 31, 1989. Chicago Westchester Financial Corporation, Westchester, Illinois — to acquire Westbank. Returned, July 31, 1989. BANK MERGERS Atlanta First Bank of Crestview, Crestview, Florida — merge with First Interim Bank of Crestview. Approved, August 4, 1989. to BANK PREMISES Cleveland Cortland Savings and Banking Company, Cortland, Ohio — investment in bank p r e m i s e s . Approved, August 3, 1989. BANKS, STATE MEMBER Staff Director BS&R Tracy Collins Bank and Trust Company, Salt Lake City, Utah — transfer agent registration. Withdrawn, August 3, 1989. CAPITAL STOCK Chicago Eastern Wisconsin Bancshares, Inc., Howards Grove, Wisconsin — redemption of shares. Approved, July 31, 1989. Atlanta First Burke Banking Company, Inc., Waynesboro, Georgia — redemption of shares. Approved, August 3, 1989. H .2 JULY 31, 1989 PAGE 6 TO AUGUST 4, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Chicago Hillsdale Development Corporation, Davenport, Iowa — redemption of shares. Approved, August 4, 1989. CHANGE IN BANK CONTROL Chicago Eastern Wisconsin Bancshares, Inc., Howards Grove, Wisconsin — change in bank control. Permitted, July 31, 1989. Kansas City Elmdale Bankshares, Inc., Elmdale, Kansas — in bank c o n t r o l . Permitted, August 3, 1989. Dallas Executive Bancshares, Inc., Paris, Texas — bank c o n t r o l . Permitted, August 4, 1989. Chicago Hillsdale Development Corporation, Davenport, Iowa — change in bank c o n t r o l . Permitted, August 4, 1989. S t . Louis Reelfoot Bank Employee Stock Ownership Plan, Union City, Tennessee — change in bank control. Permitted, August 4, 1989. change change in COMPETITIVE FACTORS REPORTS Atlanta Citizens Bank and Trust Company, Wartburg, Tennessee, proposed merger with Union Planters - Interim CBT Bank — report on competitive factors. Submitted, August 3, 1989. Atlanta North Ridge Bank, Orland Park, Florida, proposed merger with Hanover Ban k of Florida, Plantation, Florida — report on competitive factors. Submitted, August 1, 1989. Chicago Security State Bank, Sheldon, Iowa, proposed merger with Interim State Bank — report on competitive factors. Submitted, August 2, 1989. H .2 JULY 31, 1989 PAGE 7 TO AUGUST 4, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Southern National Bank of North Carolina, Lumberton, North Carolina, proposed merger with American Bank & Trust, High Point, North Carolina — report on competitive f a c t o r s . Submitted, August 1, 1989. EXTENSIONS OF TIME Chicago Chanderville Bancshares, Inc., Chanderville, Illinois — extension to November 3, 1989, to acquire Peoples State Bank of Chanderville. Granted, August 2, 1989. Atlanta First Community Bank Holding Company, Inverness, Florida — extension to November 6, 1989, to acquire First Community Bank. Granted, August 2, 1989. Kansas City Labette County Bankshares, Inc., Altamont, Kansas — extension to November 20, 1989, to engage de novo in lending activities through Kansas Credit Company, Inc., Parsons, Kansas. Granted, August 1, 1989. New York Merrill Lynch International Bank, New York, New York — extension of corporate existence until July 31, 2009. Granted, July 31, 1989. Minneapolis Peoples Bancshares, Inc., Parshall, North Dakota — extension to September 3, 1989, to acquire Peoples Bank and T r u s t . Granted, August 2, 1989. S t . Louis Peoples Investment Corporation, Cuba, Missouri — extension to November 3, 1989, to acquire Peoples Ban k of Steelville, Steelville, Missouri, and to November 5, 1989, to open for business. Granted, August 4, 1989. Staff Director BS&R Security Pacific Corporation, Los Angeles, California — extension to August 15, 1989, to conform a joint venture real estate i n v e s t m e n t . Granted, August 2, 1989. H.2 JULY 31, 1989 PAGE 8 TO AUGUST 4, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago Shaw Investment Company, New Hampton, Iowa — extension to October 31, 1989, to redeem shares. Granted, August 4, 1989. INTERNATIONAL OPERATIONS Staff Director BS&R Citicorp, New York, New York — to make an additional investment in Citicorp Investment Bank Limited, London, England. Permitted, August 1, 1989. Kansas City Bank of Leigh, Leigh, Nebraska — of the Federal Reserve System. Withdrawn, July 31, 1989. Atlanta First Interim Bank of Crestview, Florida — a member of the Federal Reserve System. Approved, August 4, 1989. MEMBERSHIP to become a member to become RESERVE BANK OPERATIONS GC Federal Reserve Bank of New York — to act as fiscal agent for proposed issue of bonds by the African Development Bank. Approved, July 31, 1989. RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of S t . Louis — to implement an off-peak prepackaged Other Fed deposit option. Approved, July 31, 1989. ADDITIONS AND CORRECTIONS H .2 JULY 31, 1989 PAGE 9 TO AUGUST 4, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME New York Citicorp, New York, New York — extension to August 7, 1990, to complete investment in Citicorp International Limited, Hong Kong. Granted, July 24, 1989. INTERNATIONAL OPERATIONS San Francisco Security Pacific Corporation, Los Angeles, California — to make a joint venture investment in Inchroy Credit Corporation, Limited, Hong Kong, through Security Pacific International Financial, Inc., San Diego, California. Permitted, July 16, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date Indian Head Bank & Trust Company, Newspaper Portsmouth, New Hampshire - section 18(c) application to merge Indian Head National Bank, Nashua, New Hampshire, Indian Head Bank North, North Conway, New Hampshire, Indian Head National Bank of Keene, Keene, New Hampshire, Dartmouth National Bank, Hanover, New Hampshire and Fleet Bank of New Hampshire, Nashua, New Hampshire* Not Yet Established SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date The Boston Bank of Commerce Employee Stock Ownership Trust, Boston, Massachusetts -3 (a) (3) application to acquire up to 41.9% of the voting shares of The Boston Bank of Commerce, Boston, Massachusetts* Newspaper 8-19-88 Federal Register 8-18-89 Ocean State Bancshares Corporation, Middletown, Rhode Island - 3(a)(1) application to become a bank holding company through the acquisition of Ocean State National Bank, Middletown, Rhode Island, a de novo bank* Newspaper 8-25-89 Federal Register Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE *Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper _____________Notice Only__________ Chemical Bank, New York, New York to establish a branch at Arthur Anderson & Co., 1345 Avenue of the Americas, New York, New York.l/ 8/24/89 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications CSubject to Federal Register Notice Only) Manufacturers Hanover Corporation, New York, New York to engage through Manufacturers Hanover Securities corporation in acting as private placement agent with respect to all types of securities and effecting securities transactions as riskless principal. N/A Oesterreichische Laenderbank Aktiengesellsdhaft, Vienna, Austria, to acquire indirectly the assets of Wells Fargo Leasing Corporation, San Francisco, California, and thereby to engage indirectly in leasing, making and servicing loans and providing related data processing services. N/A Marine Midland Banks, Inc., Buffalo, New York, HSBC Holdings B.V., Amsterdam, the Netherlands, Kellett N.V., Curacao, Netherlands Antilles and The Hongkong and Shanghai Banking Corp., Hong Kong to engage through Jaguar Leasing Corporation in automotive lease finance activities. N/A SECTION IV Applications Not Involving ______ Public Comment______ Bankers International Corporation, New York, New York to make an investment in Bankers Trust Life Limited, Sydney, Australia. 1/ 2/ 3/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available FEDERAL RESERVE BAN KO F PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Main Line Bancshares, Inc., Wayne, PA to 1/ become a bank holding company by acquiring National Bank of the Main Line, 38 West Ave., Wayne, Radnor Township, PA pursuant to Section 3(a)(1) of the Bank Holding Company Act. Newspaper Federal Register: 9/1/89 N/A** SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. 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. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Applications Bulletin F o r W e e k E n d i n g A u g u s t 5, 1 9 8 9 SECTION I - APPLICATIONS NOTICE SUBJECT TO N E W S P A P E R ONLY NONE S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT NOTICE TO FEDERAL REGISTER ONLY R e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n from Integra Financial Corporation, Pittsburgh, Pennsylvania, o f i t s i n t e n t t o e n g a g e d e n o v o in t h e m a k i n g , a c q u i r i n g o r s e r v i c i n g o f l o a n s or ot h e r extensions of credit for the company's a c c o u n t or the a c c o u n t o f o t h e r s , s u c h as w o u l d b e m a d e b y a c r e d i t c a r d c o m p a n y , p u r s u a n t to 2 2 5 . 2 5 ( b ) ( 1 ) o f R e g u l a t i o n Y. * # N F - S u b j e c t to C R A E x p e c t e d t o e n d a p p r o x i m a t e l y 30 Newspaper Comment Period Federal Register Comment Period days from the date Not of Yet receipt Known # Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Central Fidelity Bank, Richmond, Virginia, request for permission to establish a branch at 13200 Hull Street Road, Midlothian, Virginia.* * 8-28-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. July 31, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Cortroent Period Ending Date Central Bank of the South 08-11-89 (CRA) Birmingham, Alabama To establish a branch office at 2311 North Gault Avenue, Fort Payne, Alabama, to be known as the North Gault Office. Central Bank of the South Birmingham, Alabama To establish a branch office at 2890 Zelda Road, Montgomery, Alabama, to be known as the Zelda Road Office. Bank of Adairsville 08-26-89 (CRA) Adairsville, Georgia To relocate its main office from 116 Public Square, Adairsville, Georgia, to 7400 Highway 140, Adairsville, Georgia. The Bank of Nashville Nashville, Tennessee To become a member of the Federal Reserve System, pursuant to section 9 of the Federal Reserve Act. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Conment Period Ending Date BankersTrust of Alabama, Inc. 08-17-89 Madison, Alabama Federal Register 1-BHC formation, Bankers Trust of Madison, Madison, Alabama. American National Financial Corporation Panama City, Florida Change in control by Albert P. Qualls, Jr., to acquire 68.05 percent of the outstanding shares of cannon stock. Citrus Financial Services Corporation 08-09-89 Vero Beach, Florida Federal Register 1-BHC formation, Citrus Bank, National Association, Vero Beach, Florida (in organization). July 31, 1989 Federal Reserve Bank of-Atlanta Applications Bulletin Section II - Applications Subject to Roth Newspaper and Federal Register Notice Comnent Period Ending Date Application First Corrmunity Bancorp, Inc. Cartersville, Georgia 1-BHC formation, First Carmunity Bank & Trust, Cartersville, Georgia (in organization). First Security Corporation Norcross, Georgia 1-BHC formation, First Security Corporation, Norcross, Georgia. Madison Bank Corporation Madison, Georgia Change in control by Floyd C. Newton, Jr., to acquire an additional 11.23 percent of the outstanding shares of caution stock that will increase his total ownership to 25 percent. Merchant Bank Corporation 08-11-89 Atlanta, Georgia Federal Register and Newspaper 1-BHC formation, The Merchant Bank of Atlanta, Atlanta, Georgia. Wayne County Bancshares, Inc. Waynesboro, Tennessee. Change in control by M. L. Haggard, Sr., to retain 28.19 percent of the outstanding shares of cannon stock. Section III - Applications Subject to Federal Register Notice Only Application Garment Period Ending Date Mid State Banks, Inc. 08-21-89 Cordele, Georgia Federal Register To engage de novo in purchasing loan participations from its subsidiary banks, pursuant to section 225.25(b) (1) of Regulation Y. July 31, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Southern National Corporation Andalusia, Alabama To redeem 9.24 percent of its treasury stock. Barnett Banks, Inc. Jacksonville, Florida 3(a)(5) waiver request to merge Investors Trust Financial Corporation, Duluth, Georgia, into First City Bancorp, Inc., Marietta, Georgia. Sun Banks, Inc. Orlando, Florida 3(a) (5) waiver request to merge Bonifay Holding Ccrpany, Bonifay, Florida, into Sun Banks, Inc., Orlando, Florida. Federal Reserve Bank of Chicago Section il - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Bndino Date Type Application Y-2 Chemical Financial Corporation Midland,, Michigan Coamunity Bancorp,, Inc. St.. Charles, Michigan Community State Bank of St. Charles St.. Charles,. Michigan* FR - ** N - ** Y-l Graymont Bancorp,. Inc. Graymont,. Illinois State Bank of Graymont Graymont, Illinois* FR - ** N - ** Y-2 Sheldon Security Bancorporation, Inc. Sheldon,. Iowa Sheldon Security Financial Corporation Sheldon, Iowa Security State Bank Sheldon,. Iowa* FR - ** N - ** Y-l Sheldon Security Financial Corporation Sheldon, Iowa Security State Bank Sheldon, Iowa* FR N - ** - ** Y-l HTB,. Inc. Osage, Iowa The Home Trust and Savings Bank Osage, Iowa* FR N - ** - 9-15-89 Y-2 Marine Corporation Springfield, Illinois Central Financial Group, Inc. Monticello, Illinois National Bank of Monticello Monticello, Illinois Deland State Bank Deland, Illinois* FR - ** N - ** Y-l Fourth St. Financial Corp. Pekin, Illinois Herget Financial Corp. Pekin, Illinois The Herget National Bank of Pekin Pekin, Illinois* FR - ** N - ** Federal Reserve Bank of Chicago Section III - Applications Subject to federal Register Notice Only Type Application Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Old Kent-Illinois,. Inc* Chicago, Illinois To redeem 7,000 shares of common stock RoS Bellwood Bancorporation, Inc* Bellwood, Illinois To redeem Class AA common stock N FR * ** «. _ Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Change in control notification involving Central Banc System, Inc., Fairview Heights, Illinois, by E. A. Karandjeff (Newspaper 8-16-89) *Section 3(a)(3) application by Union Planters Corporation, Memphis, Tennessee, to acquire Steiner Bank, Birmingham, Alabama (Newspaper 8-13-89) *Section 3(a)(1) application by West-Ark Bancshares, Inc., Clarksville, Arkansas, to acquire Arkansas State Bank, Clarksville, Arkansas (Not available) *Section 3(a)(1) application by Bainum Bancorp II, Murfreesboro, Arkansas, to acquire Pike County Bank, Murfreesboro, Arkansas (Not available) *Section 3(a)(3) application by Terre Du Lac Bancshares, Inc., St. Louis, Missouri, to acquire First National Bank of Callaway County, Fulton, Missouri (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Section 4(c)(8) application by Union Planters Corporation, Memphis, Tennessee, to acquire 6.9 percent of GulfNet, Inc., Mandeville, Louisiana, which is engaged in electronic funds transfer activities * This application is subject to CRA. (Not available) Federal Reserve Bank of St. Louis SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Stock redemption notification by Ballard Kevil Bancorp, Inc., Kevil, Kentucky 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 Comment Period Ending Date Application Paul C. Griebel and Alan Kluis To acquire control of 94.12% of First American Bancshares, Inc., of Blooming Prairie, Eagan, MN Not yet available Lewis Mithun, John Mithun and Raymond 0. Mithun, Jr. To acquire control of 66.14% of R.O.M. Financial Services, Inc., Wayzata, MN Not yet available Section III - Applications Subject to Federal Register Notice Only Application Norwest Corporation Minneapolis, MN To engage de novo through Norwest Investment Services, Inc., in the following activities: 1) Underwriting and dealing in obligations that national banks are authorized to deal in; 2) Underwriting and dealing to a limited ex tent in certain securities national banks are ineligible to deal in; 3) Full service retail brokerage; 4) Providing private placement services for commercial paper, municipal revenue bonds, municipal leases, and mortgage-backed securi ties ; 5) Purchasing and selling precious metals and coins for the account of customers; and 6) Acting as a futures commission merchant. Comment Period Ending Date Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application First American Bancshares, Inc. of Blooming Prairie, Eagan, MN To redeem 22.7% of its voting shares. federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SOBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II ~ APPLICATIONS SPBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE V. Paul Moltz, Cody, Wyoming , for prior a p p r o v a l to a c q u i r e a 20 percent o w n e r s h i p i n t e r e s t in Collegiate Peaks Bancorporation, Inc., B u e n a V i s t a , C o lorado. Not Available Michael N. M c G o w a n , McAles t e r , Oklahoma, for p r i o r a p p r o v a l to increase h i s p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in N B M C o r p o r a t i o n , M c A l e s t e r , Oklahoma, b y 11.07 p e r c e n t t o 22 . 2 3 percent; and E. L. O l i v e r , M c A l e s t e r , Oklahoma, for prior a p p r o v a l to increase h i s p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t b y 29.6 percent to 37.07 p e r c e n t . Not A v a i l a b l e L i v i n g s t o n & C o m p a n y Southwest, L.P., a n d L i v i n g s t o n S o u t h w e s t C o r p o r a t i o n , bot h of Chicago, Illinois, for p r i o r a p p r o v a l to d i r e c t l y and i n d i r e c t l y acquire 52.55 p e r c e n t of the v o t i n g shares of First N a t i o n a l B a n k of North County, S a n Marc o , C a l i f o r n i a . * Not A v a i l a b l e I n v e s t o r s F i n a n c i a l Corp o r a t i o n , Sedalia, M i s s o u r i , for prior a p p roval to b e c o m e a ban k h o l d i n g company t h r o u g h the a c q u i s i t i o n of 98.41 p e r c e n t of t h e v o t i n g s hares of C o m m u n i t y B a n k of Pettis County, Sedalia, M i s s o u r i . * Not A v a i l a b l e O t i s Guy B a c o n , A r d m o r e , Oklahoma, for prior a p p r o v a l t o in c r e a s e his p r o p o r t i o n a t e o w n e r s h i p interest in A M C O R P F i n a n c i a l , Inc., Ardmore, Oklah o m a , by .6 p e r c e n t to 10.9 percent. Not A v a i l a b l e Federal Reserve Bank o f Kansas City W e s t P o i n t B a n corp, Inc., St. J o s e p h , M i s s o u r i , for prior a p p r o v a l to a c q u i r e 37 p e r c e n t of the v o t i n g s h a r e s of D a k o t a B a n c s h a r e s , Inc., St. J o seph, M i s s o u r i , p a r e n t of D a k o t a C o u n t y S t a t e Bank, S o u t h S i o u x City, N e b r a s k a .* Not Available P a r k w a y F i n a n c i a l , Inc., O v e r l a n d Park, Kansas, for prior a p p r o v a l t o b e c o m e a ban k h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of P a r k w a y Bank, O v e r l a n d Park, Kansas.* Not Available M i c h a e l B. Athey, Enid, O k l a h o m a , for prior a p p r o v a l t o i n c r e a s e his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in Security Financial Services C o r p o r a t i o n , Enid, Oklah o m a , by 16.75 per c e n t t o 36.61 percent. Not A v a i l a b l e W a r d S a u v a g e a n d J a n i c e Sauv a g e , O b e r l i n , Kansas, for prior a p p r o v a l for both to i n c r e a s e the i r proportionate ownership interests in D a k o t a B a n c s h a r e s , Inc., St. J o s e p h , M i s s o u r i , b y 19.08 p e r c e n t t o 41.87 p e r c e n t . Not A v a i l a b l e SECTION III - APPLICATIONS SOBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION C O M M E N T P E R I O D E N D I N G DATE None. SECTION IV - APPLICATIONS NOT SOBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION D a k o t a B a n c s h a r e s , Inc., St. J o s e p h , M i s s o u r i , for prior a p p r o v a l to r e d e e m 2,322 s h a r e s of i t s o w n v o t i n g c o m m o n stock. Federal Reserve Bank of Kansas City W e s t Poi,nt B a n c o r p , I n c . , St. J o s e p h , M i s s o u r i , for p r i o r a p p r o v a l t o r e d e e m 2 1 6 s h a r e s of its own v o t i n g c o m m o n stock. ♦Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 31, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Surety Capital Corporation, Fort Worth, TX, to acquire Texas National Bank of Lufkin, Lufkin, TX (Resubmission) 89/08/03 Change in Control Notice by Roderick Matthew Nugent, Carthage, TX, to acquire an interest in Carthage Bancshares, Inc., Carthage, TX N/A Change in Control Notice by George A. Carrithers, Brady, TX, to acquire an interest in Brady National Holding Company, Inc., Brady, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION 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 FRANCISCO Week ending 8/04/89 Section I - Applications Sub.iect to Newspaper Notice Only A d d Iication Comment Period Ending Date None Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Winston R. Lauder, Ketchum, Idaho, to acquire between 90 and 100 percent of Idaho State Bank, Glenns Ferry, Idaho. Fed. Reg.: 8/23/89 Newspaper: Not available Section III - Applications Sub.iect to Federal Register Notice Only Security Pacific Corporation, Los Angeles, California, to engage in leasing activities beyond the scope of those listed in Regulation Y through Security Pacific Leasing Corp. Fed. Reg.: Not yet published Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER