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ANNOUNCEMENT BT
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
H.2, 1987, No. 32
Actions of the Board
Applications and Reports Received
During the Week Ending August 8, 1987
ACTIONS OF THE BOARD
New York

Gateway State Bank, Staten Island, New York
— investment in bank premises. 1/

New York

Norstar Bank of Long Island, Garden City, New
York — investment in bank premises. 1/

New York

United States Trust Company of New York, New
York — investment in bank premises. 1/

New York

People's Bank, Bridgeport, Connecticut,
proposed transfer of assets and deposit
liabilities to a de novo subsidiary stock
savings bank — report to the Federal Deposit
Insurance Corporation on competitive factors.
1/

New York

CT Holdings, Inc., New York, New York —
extension to September 23, 1987, to acquire
Texas Commerce Bank - Richardson N.A.,
Richardson, Texas. 1/

Philadelphia

Sun National Bank, Medford, New Jersey,
proposed merger with Sun National Interim
Bank — report to the Comptroller of the
Currency on competitive factors. 1/

Philadelphia

The First National Bank of McConnellsburg,
Pennsylvania, McConnellsburg, Pennsylvania,
proposed merger with FNB National Bank —
report to the Comptroller of the Currency on
competitive factors. 1/

Philadelphia

The Watsontown National Bank, Watsontown,
Pennsylvania, proposed merger with The
Watsontown Interim National Bank — report to
the Comptroller of the Currency on
competitive factors. 1/

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 32

2

ACTIONS OF THE BOARD - Continued
Cleveland

First Citizens BancCorp., Sandusky, Ohio —
extension to August 31, 1987, to acquire The
Citizens Banking Company. 1/

Cleveland

Sandusky Interim Bank, Sandusky, Ohio —
extension to August 31, 1987, to complete
merger with The Citizens Banking Company.

1/

Richmond

Southern National Bank of North Carolina,
Lumberton, North Carolina, proposed merger
with Union National Bank, Oxford, North
Carolina — report to the Comptroller of the
Currency on competitive factors. 1/

Richmond

The Bank of Romney, Romney, West Virginia —
investment in bank premises. 1/

Richmond

Anderson National Bank, Anderson, South
Carolina, proposed merger with New Anderson
National Bank — report to the Comptroller of
the Currency on competitive factors. 1/

Atlanta

Gulf & Southern Financial Corporation, Fort
Myers, Florida — extension to October 22,
1987, to acquire Community National Bank of
Sarasota County, Venice, Florida. 1/

Atlanta

New Farmers and Merchants Bank of Ashville,
Ashville, Alabama, proposed merger with
Farmers and Merchants Bank of Ashville —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

Atlanta

Florida First City Bank, Inc., Fort Walton
Beach, Florida — extension to October 30,
1987, to acquire First City Bank of Fort
Walton. 1/

Chicago

Cresco Union Savings Bank, Cresco, Iowa,
proposed acquisition of assets and assumption
of certain liabilities of Farmers State Bank,
Ridgeway, Iowa — report to the Federal
Deposit Insurance Corporation on competitive
factors. 1/

Chicago

National Bank of Detroit, Detroit, Michigan,
proposed merger with N.B.D. Dearborn Bank,
National Association — report to the
Comptroller of the Currency on competitive
factors. 1/

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 32

3

ACTIONS OF THE BOARD - Continued
Chicago

The Bank of Athens, Athens, Wisconsin,
proposed merger with Community First Bank,
Wausau, Wisconsin — report to the Federal
Deposit Insurance Corporation on competitive
factors. 1/

St. Louis

First City Corp. Employees Stock Ownership
Trust, Fort Smith, Arkansas — extension to
November 6, 1987, to acquire First City Corp.
1/

St. Louis

PFC National Bank of La Center, La Center,
Kentucky, proposed merger with First National
Bank of La Center — report to the
Comptroller of the Currency on competitive
factors. 1/

St. Louis

Lincoln New Bank II, Chrisney, Indiana,
proposed merger with Chrisney State Bank —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

St. Louis

Wyatt Bancshares, Inc., Calico Rock, Arkansas
— extension to November 7, 1987, to acquire
the successor by merger to the First National
Bank of Izard County. I f

Minneapolis

Bank Shares, Incorporated, Minneapolis,
Minnesota — extension to November 8, 1987,
to expand de novo insurance agency activities
through Marquette Holm Insurance Agency, Inc.
1/

Kansas City

The First State Bank of Pleasanton,
Pleasanton, Kansas, proposed transfer of
assets and liabilities to Franklin Savings
Association, Ottawa, Kansas — report to the
Comptroller of the Currency on competitive
factors. 1/

Kansas City

Boatmen's First National Bank of Kansas City,
Kansas City, Missouri, proposed merger with
Boatmen's Livestock National Bank — report
to the Comptroller of the Currency on
competitive factors. 1/

Kansas City

Bank of Brookfield - Purdin, N.A.,
Brookfield, Missouri, proposed merger with
Bank of Meadville, Meadville, Missouri —
report to the Comptroller of the Currency on
competitive factors. 1/

1/




Application processed on behalf of the Board of Governors
under delegated authority.

H.2, 1987, No. 32

4

ACTIONS OF THE BOARD - Continued
San Francisco

U.S. Bancorp, Portland, Oregon — extension
to dispose of certain property. 1/

San Francisco

CCB Financial Corporation, Sandy, Oregon —
extension to acquire Clackamas County Bank.
1/

San Francisco

BankAmerica Corporation, San Francisco,
California — extension to dispose of certain
property. 1/

San Francisco

Capital Bank of California, Los Angeles,
California proposed merger with Valley State
Bank, Encino, California — report to the
Federal Deposit Insurance Corporation on
competitive factors. 1/
* * * * *

To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Approved
New York

Gateway State Bank, Staten Island, New York
to establish a branch office at 60 Bay
Street, Staten Island, New York. 1/
(8/6/87)

New York

United States Trust Company of New York, New
York, New York — to establish a branch
office in the intersection of Park Avenue and
East 40th Street, New York, New York and to
relocate its head office from 45 Wall Street
to 120 West 47 Street, New York, New York.
1/ (8/7/87)

Richmond

Albemarle Bank and Trust Company,
Charlottesville, Virginia, to establish a
branch at the intersection of 5th Street
Extended and Harris Road, Charlottesville,
Virginia. 1/ (8/6/87)

Richmond

Central Fidelity Bank, Richmond, Virginia, to
establish a branch at 2105 Roanoke Street,
Christiansburg, Virginia. 1/ (8/6/87)

Richmond

First Virginia Bank-Middle Peninsula,
Urbanna, Virginia, to establish a branch
opposite the Lancaster Square Shopping
Center, Route 3, Kilmarnock, Virginia. 1/
(8/4/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 32

5

ACTIONS OF THE BOARD - Continued
Richmond

Signet Bank/Virginia, Richmond, Virginia, to
establish a branch at The Business Center,
Route 3, Kilmarnock, Virginia. 1/ (8/4/87)

Chicago

Genesee Merchants Bank & Trust Co., Flint,
Michigan — to establish a branch at 4130 W.
Vienna Road, Clio, Michigan. 1/ (8/6/87)

Chicago

Harris Trust and Savings Bank, Chicago,
Illinois — to place an Automated Teller
Machine (ATM) at the Loyola University of
Chicago campus at 6525 North Sheridan Road,
Chicago, Illinois. 1/ (8/5/87)

Dallas

California Center Bank, Los Angeles,
California — to establish a branch office in
the vicinity of the intersection of Redondo
Beach Blvd., and Normandie Avenue, Gardena,
California. 1/ (7/20/87)
* * * * *

Applications and Notifications for International Investments
and Other Actions Pursuant to Sections 25 and 25(a) of the
Federal Reserve Act and Sections 4(c)(9), 4(c)(13) and
4(c)(14) of the Bank Holding Company Act of 1956, as amended
Forty-Five Day Notification Period Allowed to Expire
Republic National Bank of New York, New York,
New York — no objection to establish a de
novo commercial bank subsidiary, Republic
National Bank of New York (Suisse) S.A.,
Geneva, Switzerland.
(8/7/87)
* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Withdrawn
Atlanta

1/

Colpatria-Sociedad Columbiana de
Capitalizacion, S.A, Bogata, Columbia; Banco
Colpatria, S.A., Bogata, Columbia & Banpatria
U.S.A., Inc., Miami, FL — for approval to
acquire at least 99 percent of the voting
shares of Metropolitan National Bank, Miami,
FL, a proposed new bank.
(8/7/87)

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 32

6

ACTIONS OF THE BOARD - Continued
Returned
St. Louis

First Illinois Bancorp, Inc., Employee Stock
Ownership Plan & Trust, East St. Louis,
Illinois —
for approval to acquire 40
percent of the voting shares of First
Illinois Bancorp Inc., East St. Louis,
Illinois and indirectly First Illinois Bank,
East St. Louis, Illinois.
(8/3/87)
Approved

Cleveland

FFB Corporation, Wheeling, West Virginia —
for approval to acquire 100 percent of the
voting shares of First Financial Bancorp,
Inc., and indirectly The First National Bank
and Trust Company of Wheeling, Wheeling, West
Virginia. 1/ (8/5/87)

Cleveland

FNB Financial Corporation, Shelby, Ohio —
for approval to acquire 100 percent of the
voting shares of The First National Bank of
Shelby, Shelby, Ohio. 1/ 8/6/87)

Cleveland

Genbeach Company, Inc., Beattyville,
Kentucky — for approval to acquire 57.2
percent of the voting shares of Peoples
Exchange Bancorp, Inc., Beattyville,
Kentucky, and indirectly Peoples Exchange
Bank, Beattyville, Kentucky.
(8/6/87)

Richmond

Metropolitan Holding Company, Washington,
D.C. — for approval to acquire 100 percent
of the voting shares of Metropolitan Bank of
Bethesda, Bethesda, Maryland.
(8/3/87)

Chicago

First Chicago Acquisition Corporation,
Chicago, Illinois — approval to acquire 100
percent of the voting shares of First United
Financial Services, Inc., Arlington Heights,
Illinois and indirectly Oak Park Trust &
Savings Bank, Oak Park, Illinois; Mount
Prospect State Bank, Mount Prospect,
Illinois; Bloomingdale State Bank,
Bloomingdale, Illinois; The Dunham Bank, St.
Charles, Illinois; and United National Bank,
Arlington Heights, Illinois. (8/3/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 32

7

ACTIONS OF THE BOARD - Continued
Chicago

Rock River Bancorporation, Inc., Oregon,
Illinois — for approval to acquire 100
percent of the voting shares of United Bank
of Ogle County, National Association, Oregon,
Illinois. 1/ (8/4/87)

Chicago

Woodstock Acquisition Corp., Palatine,
Illinois — for approval to acquire 100
percent of the voting shares of Woodstock
State Bancorp, Inc., Woodstock, Illinois, and
indirectly The State Bank of Woodstock,
Woodstock, Illinois. 1/ (8/6/87)

St. Louis

Hancock Bancorp, Inc., Hawesville, Kentucky
— for approval to acquire at least 80
percent of the voting shares of Hancock Bank
and Trust Company, Hawesville, Kentucky. 1/
(8/4/87)

Kansas City

Community Bancshares of Chanute, Inc.,
Chanute, Kansas — for approval to acquire
100 percent of the voting shares of Community
National Bank, Chanute, Kansas, a proposed
new bank. 1/ (8/5/87)

Dallas

Groesbeck Bancshares, Inc., Groesbeck, Texas
— for approval to acquire 99 percent of the
voting shares of Farmers State Bank,
Groesbeck, Texas. 1/ (8/5/87)
* * * * *

To Expand a Bank Holding Company Pursuant to
Section 3(a)(3) of the Bank Holding Company Act of 1956
Returned
Dallas

Buchel Bancshares, Inc., Cuero, Texas — for
approval to acquire United Bancorp, Inc.,
Victoria, Texas and indirectly Crossroad
Bank, Victoria, Texas.
(8/6/87)
Approved

Philadelphia

1/

Citizens Investments, Inc., Vineland, New
Jersey — for approval to acquire 100 percent
of the voting shares of Sun National Bank,
Medford, New Jersey. 1/ (8/5/87)

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 32

8

ACTIONS OF THE BOARD - Continued
Cleveland

Wesbanco, Inc., Wheeling, West Virginia —
for approval to acquire 100 percent of the
voting shares of FFB Corporation, Wheeling,
West Virginia and indirectly The First
National Bank and Trust Company of Wheeling,
Wheeling, West Virginia. 1/ (8/5/87)

Cleveland

Wesbanco, Inc., Wheeling, West Virginia —
for approval to acquire 100 percent of the
voting shares of Bank of Sissonville,
Sissonville, West Virginia. 1/ (8/3/87)

Richmond

Baltimore Bancorp, Baltimore, Maryland — for
approval to acquire 100 percent of the voting
shares of Metropolitan Holding Company,
Washington, D.C. and indirectly Metropolitan
Bank of Bethesda, Bethesda, Maryland.
(8/3/87)

Richmond

Metropolitan Holding Company, Washington,
D.C., — for approval to acquire 16.7 percent
of the voting shares of Bank of Baltimore,
Baltimore, Maryland.
(8/3/87)

Chicago

F&M Bancorporation, Inc., Kaukauna,
Wisconsin — for approval to acquire at least
80 percent of the voting shares of The
Security State Bank, Amherst Junction,
Wisconsin. 1/ (8/7/87)

Chicago

First Chicago Corporation, Chicago, Illinois
— for approval to acquire 100 percent of the
voting shares of First United Financial
Services, Inc., Arlington Heights, Illinois
and indirectly Oak Park Trust & Savings Bank,
Oak Park, Illinois; Mount Prospect State
Bank, Mount Prospect, Illinois; Bloomingdale
State Bank, Bloomingdale, Illinois; The
Dunham Bank, St. Charles, Illinois; and
United National Bank, Arlington Heights,
Illinois.
(8/3/87)

Chicago

First Union Bancorporation, Inc., Streator,
Illinois — for approval to acquire 100
percent of the voting shares of The First
National Bank of Triumph, Triumph, Illinois.
1/ (8/4/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 32

9

ACTIONS OF THE BOARD - Continued
Chicago

First Wisconsin Corporation, Milwaukee,
Wisconsin — for approval to acquire 100
percent of the voting shares of Shelard
Bancshares, Inc., St. Louis Park, Minnesota,
and indirectly Shelard National Bank, St.
Louis Park, Minnesota, and Shelard National
Bank of Eagan, Eagan, Minnesota. 1/
(8/4/87)

Chicago

FIRSTBANK CORP., Alma, Michigan — for
approval to acquire 100 percent of the
voting shares of Comercia Bank-Central,
Shepherd, Michigan. 1/ (8/7/87)

Chicago

FIRSTBANK CORP., Alma, Michigan — for
approval to acquire 100 percent of the voting
shares of Comerica Bank - West Branch, N.A.,
West Branch, Michigan. 1/ (8/7/87)

Chicago

Peotone Bancorp, Inc., Peotone, Illinois —
for approval to acquire 28 percent of the
voting shares of Rock River Bancorporation,
Inc., Oregon, Illinois, and indirectly United
Bank of Ogle County, National Association,
Oregon, Illinois. 1/ (8/4/87)

Chicago

Suburban Bancorp, Inc., Palatine, Illinois —
for approval to acquire 100 percent of the
voting shares of Woodstock State Bancorp,
Inc., Woodstock, Illinois, and indirectly The
State Bank of Woodstock, Woodstock, Illinois.
1/ (8/6/87)

Dallas

Longview Financial Corporation, Longview,
Texas — for approval to acquire up to 50
percent of the voting shares of Lindale
Bancshares, Inc., Lindale, Texas and
indirectly Lindale State Bank, Lindale,
Texas. 1/ (8/5/87)
* * * * *

To Expand a Bank Holding Company Pursuant, to Section
4(c)(8) of the Bank Holding Company Act of 1956
Denied
Cleveland

1/

Trustcorp/ Inc., Toledo, Ohio, to engage in
general insurance agency activities through
St. Joseph Insurance Agency, Inc., South
Bend, Indiana.
(8/4/87)

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 32

10

ACTIONS OF THE BOARD - Continued
Approved
New York

J.P. Morgan & Co. Incorporated, New York, New
York — to expand the authority of its wholly
owned subsidiary, J.P. Morgan Equities Inc.,
to include the provision of investment
advisory services for Institutional
Customers.
(8/5/87)

Chicago

First Chicago Acquisition Corporation,
Chicago, Illinois — for approval to acquire
Arlington Mortgage Company, Arlington
Heights, Illinois, and thereby engage in the
activities of making, acquiring and servicing
loans or other extensions of credit;
Arlington Commercial Finance Company
Arlington Heights, Illinois and thereby
engage in the activities of making, acquiring
and servicing loans or other extensions of
credit, and leasing personal or real
property; First United Trust Company, Oak
Park, Illinois, and thereby engage in trust
company functions; and B.I.P. Incorporated,
Bloomingdale, Illinois, and thereby engage in
data processing activities.
(8/3/87)

Chicago

First Chicago Corporation, Chicago,
Illinois — for approval to acquire Arlington
Mortgage Company, Arlington Heights,
Illinois, and thereby engage in the activities
of making, acquiring and servicing loans or
other extensions of credit; Arlington
Commercial Finance, Arlington Heights,
Illinois, and thereby engage in the
activities of making, acquiring and servicing
loans or other extensions of credit, and
leasing personal or real property; First
United Trust Company, Oak Park, Illinois, and
thereby engage in trust company functions;
and B.I.P. Incorporated, Bloomingdale,
Illinois, and thereby engage in data
processing activities.
(8/3/87)

Minneapolis

Madelia Bancshares, Inc., Madelia, Minnesota
— for approval to acquire 100 percent of the
voting stock of Madelia Agency, Inc.,
Madelia, Minnesota. 1/ (8/5/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 32

11

ACTIONS OF THE BOARD - Continued
San Francisco

Security Pacific Corporation, Los Angeles,
California — for approval to engage de novo,
through two wholly owned subsidiaries,
Security Pacific Options Trading Corporation,
and Security Pacific Options Services
Corporation, in securities brokerage,
clearing, and other services in connection
with a system for the trading of options on
United States Treasury securities.
(8/5/87)
Permitted

Chicago

First Wisconsin Corporation, Milwaukee,
Wisconsin — to engage de novo (obtaining and
transmitting orders for the purchase and sale
of gold and silver for the account of its
customers) through its subsidiary. Elan
Investment Services, Inc., Milwaukee,
Wisconsin. 3/ (8/7/87)

Chicago

NBD Bancorp, Inc., Detroit, Michigan — to
engage de novo (engaging in the activities of
a trust company of a fiduciary, agency, or
custodial nature) through its subsidiary, NBD
Trust Company of Illinois, Park Ridge,
Illinois. 3/ (8/4/87)

St. Louis

Ohio County Bancshares, Inc., Beaver Dam,
Kentucky — to engage de novo (engaging in
full pay-out personal and real property
leasing) through a proposed subsidiary,
Catalyst Financial Services, Inc., Beaver
Dam, Kentucky. 3/ (8/10/87)
* * * * *

Application to the Board of Governors of the Federal
Reserve System for Prior Approval of an Acquisition
Pursuant to Section 5 (a) of the Bank Service Corporation
Act as Amended
Approved
Richmond

Peoples Bank of Danville, Danville, Virginia,
Blue Ridge Bank, Floyd, Virginia and South
Boston Bank, South Boston, Virginia — for
approval to retain the shares of The Mortgage
Company of Virginia, Inc., Bassett, Virginia.
1/ (8/5/87)
* * * * *

1/

Application processed on behalf of the Board of Governors
under delegated authority.

3/

Notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.




H.2, 1987, No. 32

12
APPLICATIONS RECEIVED

Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Approved
Atlanta

Grovegate Bank, Miami, Florida.

Minneapolis

Rice Lake Bancorp, Inc., Rice Lake,
Wisconsin. 1/ (8/3/87)

Kansas City

1/

(8/7/87)

Platteville Capital Corp., Platteville,
Colorado. 1/ (8/7/87)

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
New York

United Jersey Bank, Hackensack, New Jersey —
to establish an offsite electronic facility
at 71 Hanover Road, Florham Park, New Jersey;
55 North Livingston Avenue, and 56 North
Livingston Avenue, Both of Roseland. 2/

Cleveland

The Ohio Bank and Savings Company, Findlay,
Ohio to relocate an existing branch office at
1691 Tiffin Avenue, Findlay, Ohio, to 1995
Tiffin Avenue. 2/

Dallas

Application received for permission to
establish and use a branch office from Bank
of Austin, Austin, Texas, Guadalupe Street,
Austin, Texas. 2/

San Francisco

Placer Bank of Commerce, Roseville,
California, office to be located at 4141
Manzanita Avenue, Carmichael, Sacramento
County, California. 2/

San Francisco

Union Bank, Los Angeles, California — to
establish a branch office to be located at
350 South Figueroa Street, City of Los
Angeles, County of Los Angeles, California.
2/
* * * * *

2/

Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.




H.2, 1987, No. 32

15

APPLICATIONS RECEIVED - Continued
Chicago

Shoreline Financial Corporation, Benton
Harbor, Michigan -- for approval to acquire
100 percent of the voting shares of
Inter-City Bank, Benton Harbor, Michigan, and
Citizens Trust and Savings Bank, South Haven,
Michigan. 2/

Kansas City

Investors Financial Corporation, Chillicothe,
Missouri — for approval to acquire 100
percent of the voting shares of Community
Bank of Pettis County, Sedalia, Missouri. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Received
Boston

Bank of New Hampshire Corporation, Manchester
New Hampshire — for approval to acquire 100
percent of the voting shares of The Suncook
Bank, Suncook, New Hampshire. 2/

Boston

General Educational Fund, Inc., Burlington,
Vermont — for approval to acquire 17.8
percent of the voting shares of New England
Merchants Bancshares, Inc., Burlington,
Vermont, and indirectly Merchants Bank,
Burlington, Vermont, Proctor Bank, Rutland,
Vermont, First Twin-State Bank, White River
Junction, Vermont, and Green Mountain Bank,
Bondville, Vermont. 2/

Cleveland

Huntington Bancshares Incorporated, Columbus,
Ohio — for approval to acquire 100 percent
of the voting shares of Citizens State Bank,
Silverton, Ohio. 2/

Atlanta

Central and Southern Holding Company,
Milledgeville, Georgia — for approval to
acquire 100 percent of the voting shares of
Bank of Greensboro, Greensboro, Georgia. 2/

Chicago

Comerica Incorporated, Detroit, Michigan —
for approval to acquire 100 percent of the
voting shares of Comerica-Midwest, N.A.,
Toledo, Ohio. 2/

2/




Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.

H.2, 1987, No. 32

16

APPLICATIONS RECEIVED - Continued
Chicago

Eastern Michigan Financial Corporation,
Croswell, Michigan — for approval to acquire
100 percent of the voting shares of Sanilac
County Bank, Deckerville, Michigan. 2/

Chicago

Exchange International Corporation, Chicago,
Illinois — for approval to acquire 100
percent of the voting shares of Farmer1s
State Bank of Sheffield, Sheffield, Illinois.
2/

Chicago

Westbank Financial Corporation, Naperville,
Illinois — for approval to acquire 100
percent of the voting shares of First
Channahon Bancorp, Inc., Channahon, Illinois,
and indirectly First Bank of Channahon,
Channahon, Illinois. 2/

Kansas City

J.R. Montgomery Bancorporation, Lawton,
Oklahoma — for approval to acquire an
additional 0.5 percent of the voting shares
of Fort Sill National Bank, Lawton, Oklahoma.
2/

Dallas

Bancorp Hawaii, Inc., Honolulu, Hawaii — for
approval to acquire 100 percent of the voting
shares of First National Bank of Arizona,
Phoenix, Arizona. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to
Section 3(a)(5) of the Bank Holding Company Act of 1956
Received
Chicago

Merchants National Corporation, Indianapolis,
Indiana — for approval to merge with Elston
Corporation, Crawfordsville, Indiana, and
indirectly acquire Elston Bank and Trust
Company, Crawfordsville, Indiana. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to
Section 4(c)(8) of the Bank Holding Company Act of 1956
Received
New York

2/

Manufacturers Hanover Corporation, New York,
New York — for approval to acquire

Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.




H.2, 1987, No. 32

17

APPLICATIONS RECEIVED - Continued
receivables of an office of
BarclaysAmerican/Financial, Inc., Colorado
Springs, Colorado, and thereby engage in
making and servicing loans and selling as
agent or broker credit-related life, accident
and health and property and casualty
insurance.
Cleveland

First National Cincinnati Corporation,
Cincinnati, Ohio — for approval to acquire
100 percent of the voting shares of Leshner
Financial, Inc., Cincinnati, Ohio.

Atlanta

County Financial Corporation, North Miami,
Florida — to engage de novo (providing to
others financially related data processing
and data transmission services, facilities,
and data bases; or access to them) though its
subsidiary, North American Financial Services
of Southeast Florida, Inc., North Miami
Beach, Florida. The activities will be
conducted in Dade, Broward and Palm Beach
Counties, Florida.
(8/4/87)

Chicago

Lincolnland Bancshares, Inc., Casey, Illinois
— for approval to acquire Sweet Insurance
Agency, Martinsville, Illinois.

Kansas City

Plymouth Investment Co., Plymouth, Nebraska,
to engage de novo (engaging in insurance
agency activities in a town of less than
5,000 persons) through Farmers Insurance
Agency, Plymouth, Nebraska.
The activities
will be conducted in Jefferson, Gage and
Saline Counties in Nebraska.
(8/7/87)

Dallas

MCorp, Dallas, Texas and MCorp Financial,
Inc., Wilmington, Delaware — for approval to
acquire Kalvar Corporation, Minneapolis,
Minnesota, and thereby engage in providing to
others financially related data processing
and data transmissions, services, facilities
and data bases; or access to them.

San Francisco

Canadian Imperial Bank of Commerce, Toronto,
Ontario, Canada and Canadian Imperial
Holdings, Inc., Wilmington, Delaware — to
expand the activities of CIBC Leasing Inc.,




H.2, 1987, No. 32

18

APPLICATIONS RECEIVED - Continued
Wilmington, Delaware, to now include the
United States and to continue to engage de
novo (engaging in full pay-out personal and
real property leasing). (8/5/87)
San Francisco




Security Pacific Corporation, Los Angeles,
California — to retain the right to conduct
the grandfathered insurance activities of
Rainier Bancorporation, Seattle, Washington,
conducted through Rainier Mortgage Company,
Seattle, Washington.