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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 03.2, 1979 No. 48) Actions of the Board; Applications and Reports APPLICABLE RESERVE BANK Received During the Week Ending December 1, 1979 " ACTIONS OF THE BOARD Regulation J, Automated Clearing House Items, the Board issued a proposal to add a new section to its regulation governing the clearing and settlement of payments that would deal with the handling of electronic fund transfers made through automated clearing houses operated by the Federal Reserve; carment requested by January 31, 1980 (Docket No. R-0262) Regulation K amendment to simplify the procedures by which subsidiaries of United States banking organizations may establish branches in foreign countries, effective immediately (Docket No. R-0263) The Foreign Exchange Trading Desk of the Federal Reserve Bank of New York will conduct a survey in March of the daily foreign exchange transactions of 90 banks and 17 foreign exchange brokers known to be active in the foreign exchange market. Chicago Bank of Sturgeon Bay, Sturgeon Bay, Wisconsin, an investment in bank premises. 1/ Chicago Citizens Trust Savings Bank, South Haven, Michigan, an investment in bank premises. 1/ Atlanta Ccnfaanks Corporation, Winter Park, Florida, extension of time to February 24, 1980, within which to acquire 51.5 per cent of the voting shares of American Bancshares, Inc., North Miami, Florida. Chicago Indecorp, Inc., Chicago, Illinois, extension of time to December 15, 1979 within which to become a bank holding company through the acquisition of the voting shares of Independence Bank of Chicago, Chicago, Illinois. V St. Iouis Maberly City Bancshares, Inc., Moherly, Missouri, extension of time within which to become a bank holding company through acquisition of City Bank and Trust Conpany, Moberly, Missouri. 1/ V Application processed on behalf of the Board of Governors under delegated authority. H.2, 1979 No. 48 - 2 - ACTIONS OF THE BQARD-Continued St. Louis Southern Bank Holding Company, Savannah, Georgia, extension of time to February 22, 1980, within which to become a bank holding company through acquisition of Southern Bank and Trust Company, Savannah, Georgia. y Cleveland Union Commerce Corporation, Cleveland, Ohio, extension of time to June 1, 1980, within which to divest of 51 per cent of the cannon stock of Die Casting Machinetools,Ltd. 1/ Dallas Victoria Bank & Trust Company, Victoria, Texas, an investment in bank premises. 1/ Chicago Gay lord State Bank, Gay lord, Michigan, extension of time to May 30, 1980, within which to establish a branch on the southwest corner of Old U.S. 27 and Grandview Boulevard, Gay lord, Michigan. 1/ Dallas American Bank of Carlsbad, Carlsbad, New Mexico, authority to exercise trust powers. 1/ Richmond Union Trust Company of Maryland, Baltimore, Maryland, extension of time within which to establish a branch at the intersection of Democracy Boulevard and Fernwood Road, Bethesda, Maryland. 1/ Kansas City First State Bank at Afton, Afton, Renting, extension of time to March 27, 1980, within which it may complete its application for membership in the Federal Reserve System. 1/ Kansas City Pueblo Boulevard Bank, Pueblo, Colorado, a proposed new bank, requesting an extension of time to January 30, 1980, within which to complete its application for membership in the Federal Rserve System. 1/ Philadelphia Atlantic National Bank, Atlantic City, New Jersey, and Midlantic National Bank/Atlantic, Atlantic City, New Jersey, proposed merger, under, the charter of Mid.. lantic National Bank/Atlantic and with the title of Atlantic National Bank; report to the Comptroller of the Currency on competitive factors. 1/ Dallas V First Bank and Trust, Cleveland, Texas, proposed merger with New First Bank and Trust, Cleveland, Texas; report transmitted to the Federal Deposit Insurance Corporation on competitive factors. 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1979 No. 48 - 3ACTIONS OF THE BQARD-Contdnued Now York First National Bank of New Jersey, Totcwa, New Jersey, proposal to purchase the assets and assume the liabilities of South Airboy Trust Company, South Amboy, New Jersey; report to the Corptroller of the Currency on competitive factors. 1/ New York National Bank of North America, New York, New York, proposal to purchase the assets and assume the liabilities of 16 branches of Bankers Trust Company, New York, New York; report to the Comptroller of the Currency on competitive factors. 1/ Richmond Northwestern Bank, North Wilkesboro, North Carolina, proposed merger with The Bank of Eden, Eden, North Carolina; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Atlanta Singing River merger with port to the competitive Dallas Wurzbach Road National Bank, San Antonio, Texas, proposed merger with Southwest National Bank, San Antonio, Texas; report to the Comptroller of the Currency on competitive factors. 1/ New York Trust Company of New Jersey, Jersey City, New Jersey, an extension of time within which to withdraw frcm membership in the Federal Reserve System. 1/ Bank, Mass Point, Mississippi, proposed Jefferson Bank, Biloxi, Mississippi; reFederal Deposit Insurance Corporation on factors. V 1/ Application processed on behalf of the Board of Governors under delegated authority. i H.2, 1979 No. 40 ACTIONS or THE BQARD-Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Cleveland Approved Bank of Elmore Company, Elmore, Ohio, Branch to be established at 1509 Main Street, Genoa, Ottawa County, Ohio. 1/ & 2/ Dallas Victoria Bank & Trust Company, Victoria, Texas. Drive-in to be established at 101 South William Street, Victoria, Texas. 1/ & 2/ San Francisco Urn ted California Bank, Los Angeles, California. Branch to be established in the vicinity of the intersection of Beach Boulevard and Adams Avenue, Huntington Beach, Orange County, California. 1/ & 2/ New York Chemical Bank, New York, New York. Branch to be established at the Albert Einstein College of Medicine, on the ground floor of the Joseph Mazer Dormitory Building, 1200 Van Nest Avenue, Bronx, New York. 1/ & 2/ New York Chemical Bank, New York, New York. Branch to be established on the ground floor of the Joseph Rubin Hall, Yesbiva University between 184th and 185th Streets on Amsterdam Avenue, Manhattan, New York. 1/ & 2/ New York Chemical Bank, New York, New York. Branch to be established within the ocnpound of the Interchurch Center, east lobby, ground floor, at 475 Riverside Drive, Manhattan, New York. 1 & 2/ V Application processed on behalf of the Board of Governors under delegated authority. 2/ Application subject to Cairnunity Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1979 No. 48 - 5ACTIONS OF THE BO&RDKfrntinued To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Chicago Approved SBT Bank, Petoskey, Michigan (in organization), to merge with State Bank and Trust Company, Petoskey, Michigan. y & 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Chicago Approved SBT Bank, Petoskey, Michigan. 1/ & 2/ * * * * * Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 (c) (9) and 4 (c) (13) of the Bank Holding Company Act of 1956, as amended New York Sixty Day Notification Period Allowed to Expire Morgan Guaranty International Finance Corporation, New York, New York: ncF objection to make an additional investment of Canadian in its whollyowned indirect subsidiary, J.P. Morgan of Canada Limited (MORGAN CANADA), Toronto, Ontario, Canada. l7 Application processed on behalf of the Board of Governors under delegated authority. 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. 1 H.2, 1979 No. 48 - 6 — ACTIONS OF THE BQARD-Continued To Form a Bank Holding Company Pursuant to Section 3(a) (1) of the Bank Holding Company Act of 1956 Chicago Approved CENTER POINT BANSHARES CORP., Crawsfordsville, Iowa, for approval to acquire 91.5 per cent of the voting shares of Icwa State Bank and Trust Company, Center Point, lava. 1/ & 2/ Chicago Citizens Holding Co , Sac City, Iowa, for approval to acquire 86.5 per cent of the voting shares of Citizens Savings Bank, Sac City, Iowa. 1/ & 2/ Chicago Mid-Continental Bancorporation, Inc., Milwaukee, Wisconsin, for approval to acquire 80 per cent or more of the voting shares of American Hampton Bank, Milwaukee; Continental Bank and Trust Co., Milwaukee; Guardian State Bank, Milwaukee; and Mid-America Bank, Milwaukee, all in Wisconsin. 1/ & 2/ St. Louis Purdy Bancshares, Inc., Purdy, Missouri, for approval to acquire 88.8 per cent of the voting shares of First State Bank of Purdy, Purdy, Missouri. 1/ & 2/ Kansas City Blackwell Security Bancshares, Inc., Blackwell, Oklahoma, for approval to acquire 80 per cent or more of the voting shares of Security Bank and Trust Company, Blackwell, Oklahoma. 1/ & 2/ Kansas City Chadron Banshares, Inc., Chadron, Nebraska, for approval to acquire 99.8 per cent of the voting shares of Bank of Chadron, Chadron, Nebraska. 1/ & 2/ Kansas City First State Bancshares, Inc. of King City, King City, Missouri, for approval to acquire 80 per cent or more of the voting shares of First State Bank of King City, Missouri, King City, Missouri. 1/ & 2/ Kansas City Gordon State Banshares, Inc., Gordon, Nebraska, for approval to acquire 97.4 per cent of the voting shares of Gordon State Bank, Gordon, Nebraska. 1/ & 2/ l7 ~~ 2/ ~ Application processed on behalf of the Board of Governors under delegated authority. Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the ccmnent period. H.2, 1979 No. 48 - 7ACTIONS OF THE BQARI>-Q3ritinued Kansas City Guardian Banshares, Inc., Alliance, Nebraska, for approval to acquire 98 per cent of the voting shares of Guardian State Bank and Trust Co., Alliance, Nebraska. 1/ & 2/ Kansas City Hemingford Banshares, Inc., Hemingford, Nebraska, for approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of Bank of Hemingford, Hemingford, Nebraska. 1/ & 2/ Kansas City Hyannis Banshares, Inc., Hyannis, Nebraska, for approval to acquire 83.25 per cent or more (less directors1 qualifying shares) of the voting shares of Bank of Hyannis, Hyannis, Nebraska. 1/ & 2/ Kansas City Mullen Banshares, Inc., Mullen, Nebraska, for approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of Bank of Mullen, Mullen, Nebraska. 1/ & 2/ Kansas City Pioneer Bancshares, Inc., Ponca City, Oklahoma, for approval to acquire 80 per cent or more of the voting shares of Pioneer National Bank, Ponca City, Oklahoma. 1/ & 2/ Kansas City Reliable Bancshares, Inc., Albany, Missouri, for approval to acquire 80 per cent or more of the voting shares of First State Bank of Pattonsburg, Pattonsburg, Missouri. 1/ & 2/ Kansas City Security State Bancorp, Inc., Mooreland, Oklahoma, for approval to acquire 92.25 per cent of the voting shares of The Security State Bank, Mooreland, Oklahoma. 1/ & 2/ Kansas City Thedford Banshares, Inc., Thedford, Nebraska, for approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of Citizens State Bank, Thedford, Nebraska. 1/ & 2/ 1/ Application processed on behalf of the Board of Governors under delegated authority. 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. i H.2, 1979 No. 48 - 8 - ACTIONS OF THE BQARD-Continued Kansas City Valentine State Banshares, Inc., Valentine, Nebraska, for approval to acquire 98.51 per cent (less directors1 qualifying shares) of the voting shares of Bank of Valentine, Valentine, Nebraska. 1/ & 2/ Dallas CenTex Bancshares, Inc., Cranfills Gap, Texas, for approval to acquire 80 per cent or more (less directors' qualifying shares) of First Security State Bank, Cranfills Gap, Texas. 1/ & 2/ Dallas First American Bancshares, Inc., Baytorn, TexasP for approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to First American Bank & Trust of Baytmn, Baytcwn, Texas. 1/ & 2/ Dallas WiseTex Bankshares, Inc., Rhone, Texas, for approval to acquire 80-100 per cent of The First National Bank of Rhone, Rhone, Texas. 1/ & 2/ San Francisco Pacwest Bancorp, Milwaukie, Oregon, for approval to acquire 100 per cent of the voting shares of First State Bank of Oregon, Milwaukie, Oregon; The Connunity Bank, Lake Oswego, Oregon; Hood River County Bank, Hood River, Oregon; and (except directors' qualifying shares) of First National Bank of McMinnville, McMinnville, Oregon. 1/ & 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a) (3) of the Bank Holding Company Act of 1956 Atlanta Approved Bamett Banks of Florida, Inc., Jacksonville, Florida, for approval to acquire 50 per cent or more of the voting shares of Bank of Mount Dora, Mount Dora, Florida,. 1/ & y 1/ Application processed on behalf of the Board of Governors under delegated authority. y Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. w H.2, 1979 No. 48 - 9 - ^ ACTIONS OF THE BQAFD-Continued Atlanta Barnett Banks of Flordia, Inc., Jacksonville, Florida, for approval to acquire 50 per cent or more of the voting shares of First National Bank & Trust Ccmpany of Eustis, Eustis, Florida, 1/ & 2/ Atlanta Blakely Investment Company, Griffin, Georgia, and Gcmnercial. Bankshares, Inc., Griffin, Georgia, for approval to acquire 100 percent of the voting shares of Bank of Hampton, Hampton, Georgia. 1/ & 1/ Chicago Michigan National Corporation, Bloornfield Hills, Michigan, for approval to acquire 100 per cent of the voting shares of Litchfield State Savings Bank, Litchfield, Michigan. 2/ Chicago Michigan National Corporation, Blocmfield Hills, Michigan, for approval to acquire 100 per cent of the voting shares of Michigan Bank-Livingston, Brighton, Michigan, a proposed new bank. 2/ Michigan National Corporation, Blocmfield Hills, Michigan, for approval to acquire 100 per cent of the voting shares of Michigan Bank-Midland, Midland, Michigan, a proposed new bank. 2/ Chicago Michigan National Corporation, Blocmfield Hills, Michigan, for approval to acquire 100 per cent of the voting shares of Michigan Bank-Northwest, Petoskey, Michigan, a proposed new bank. 2/ Chicago Michigan National Corporation, Blocmfield Hills, Michigan, for approval to acquire 100 per cent of the voting shares of Michigan Bank-South Metro, Lincoln Park, Michigan, a proposed new bank. 2/ Chicago Old Rent Financial Corporation, Grand Rapids, Michigan, for approval to acquire 100 per cent of the voting shares of the successor by consolidation to State Bank and Trust Ccnpany of Petoskey, Petoskey, Michigan. 1/ & 2/ St. Louis f Landmark Bancshares Corporation, Clayton, Missouri, for approval to acquire 90 per cent or more of the voting shares (less directorsr qualifying shares) of Ladue Bank and Trust Company, Ladue, Missouri. 1/ & 2/ 1/ Application processed on behalf of the Board of Governors under delegated authority. 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the Garment period. i H.2, 1979 No. 48 -10ACTIGNS OF THE BQARD-Continued Dallas Allied Bancshares, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares (less directors qualifying shares) of the successor by merger to Mercantile Bank of Houston, Houston, Texas. 1/ & 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4 (c) (8) of the Bank Holding Company Act of 1956 Chicago Delayed Continental Illinois Corporation, Chicago, Illinois, notification of intent to engage in de novo activities (to engage in leasing and direct lending activities) in Dallas Texas, through its subsidiary, Continental Leasing Corporation (11/30/79) 3/ St. Louis Mercantile Bancorporation Inc., St. Louis, Missouri, notification of intent to engage in de novo activities (physical damage insurance on property used as a collateral for extensions of credit or the provision of other financial services in the banking and nonbanking subsidiary offices of the holding company located in the State of Missouri (such as bank or other subsidiary providing the servicing function for investors in real estate mortgage loans or mobile heme loan paper); insurance customarily sold as part of an insurance package with or in conjunction with the physical damage insurance that protects the collateral) at One Mercantile Center, St. Louis, Missouri, through its subsidiary, MBI Insurance Agency, Inc. (11/28/79) 3/ San Francisco BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (to engage in credit-related property insurance activities) in Concord, Fairfield, Livermore, Modesto, Redding, and Sacramento, California, through its subsidiary, FinanceAmerica Thrift Corporation (11/26/79) 3/ 17 Application processed on behalf of the Board of Governors under delegated authority 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. 3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. I H.2, 1979 No. 48 - 1 1 - ACTIONS OF THE BQARD-Continued Chicago Kansas City Boston Approved Town Financial Corporation, Hartford City, Indiana, for approval to retain shares of Town Finance Company, Inc., Hartford City, Indiana. 1/ Blackwell Security Bancshares, Inc., Blackwell, Oklahoma, for approval to engage de novo in the sale of credit-related insurance through its beneficial indirect ownership of Blackwell Security Insurance Agency, Inc. 1/ Permitted Industrial National Corporation, Providence, Rhode Island, notification of intent to engage in de novo activities (origination and sale of loans for the purchase of mobile hones; servicing of mobile heme loans; and acting as agent for the sale of property and casualty insurance sold in connection with extension of credit) in Spartanburg, South Carolina, through its indirect subsidiary, Kensington Mortgage and Finance Corporation (11/28/79) 3/ Boston Old Stone Corporation, Providence, Rhode Island, notification of intent to engage in de novo activities (the origination, sale an3~servicing of first and second mortgage loans; and the sale of credit life, and credit health insurance sold in connection with extensions of credit) at Suite 228C, .1020 Downtowner Boulevard, Mobile, Alabama, through a new indirect subsidiary, DAC Corporation of Alabama (11/28/79) 3/ Philadelphia New Jersey National Corporation, Trenton, Na* Jersey, notification of intent to engage in de novo activities (making or acquiring, selling and servicing, for its own account or the account of others loans and other extensions of credit principally secured by mortgage) at Suite #17, Independence Mall, 1601 Concord Pike, Wilmington, Delaware, through its subsidiary, Underwood Mortgage and Title Company (12/2/79) 3/ ±7 Application processed on behalf of the Board of Governors under delegated authority. 3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1979 No. 48 - 1 2 - ACTIQNS OF IHE BQARD-Continued Kansas City First National Charter Corporation, Kansas City, Missouri, notification of intent to engage in de novo activities (to engage in mortgage bankTng activities) at 600 East 103rd Street, Kansas City, Missouri and on the premises of Charterbank Lee's Summit, 301 South Main, Lee's Summit, Missouri, through its subsidiary, Charter Bankers Mortgage Company (11/26/79) 3/ San Francisco BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (to engage in lending, loan servicing, industrial loan, and credit related life, accident, disability and property insurance activities) at 22 Wilson Avenue, Cedar Rapids, lava, through its indirect subsidiary, FinanceAmerica Corporation (lava) (12/1/79) 3/ San Francisco BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (to engage in lending, loan servicing, and credit related life, accident, disability and property insurance) at 341 East 1300 South, Orem, Utah, through its indirect subsidiary, FinanceAmerica Corporation (Utah) (11/30/79) 3/ San Francisco BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (to engage in industrial loan company activities, credit-related life and disability insurance agency activities and the activities of a finance company to the extent of providing management, facilities and related services for FinanceAmerica Corporation (California)) in Concord, Fairfield, Livermore, Modesto, Redding, and Sacramento, California, through its subsidiary, FinanceAmerica Thrift Corporation (11/26/79) 3/ San Francisco United Bancorp of Arizona, Phoenix, Arizona, notification of intent to engage in de novo activities (to engage in the making, acquiring, and servicing of loans and other extensions of credit secured by real estate mortgages or deed of trust) in the vicinity of 35th Avenue and Peoria, Phoenix, Arizona, through its subsidiary, H.S. Pickrell Company (11/29/79) 3/ 3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1979 No. 48 - 13 ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to Section 4(c) (12) of the Bank Holding Company Act of 1956 Chicago Permitted Kemper Corporation and Lumbermens Mutual Casualty Company, both of Long Grove, Illinois, notification of intent to acquire indirectly 100 percent of the outstanding common stock of D. R. Moody Agency, through their wholly-owned subsidiary, LaBow, Haynes Company, Inc. (11/13/79) 3/ 3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. I H.2, 1979 No. 48 -14APPLICATIQNS RECEIVED To Establish a Danes tic Branch Pursuant to Section 9 of the Federal Reserve Act Philadelphia Girard Bank, Bala Cynwyd, Pennsylvania. Branch to be established at 30 East State Street, Media, Pennsylvania. 2/ Cleveland The Union Commerce Bank, Cleveland, Ohio. Branch to be established at 30050 Detroit Road, Westlake, Cuyahoga County, Ohio. 2/ Chicago Peoples State Bank, Williamston, Michigan. Branch to be established at 1379 Mason Street, Village of Dansville, Ingham County, Michigan. 2/ Chicago American Bank and Trust Company, Lansing, Michigan. Branch to be established at Knapp's Department Store, Lansing Mall, 5304 West Saginaw Highway, Lansing, Michigan, and Knapp's Department Store, Meridian Mall, 1982 West Grand River Avenue, Okemos, Michigan. 2/ Chicago Springfield Marine Bank, Springfield, Illinois. Branch to be established at St. John's Hospital, 800 East Carpenter, Springfield, Illinois; West Grand Plaza, 1305 Wabash Avenue, Springfield, Illinois; and Sangamon Center North, 1901 Sangamon Avenue, Springfield, Illinois. 2/ New York Manufacturers and Traders Trust Company, Buffalo, New York. Branch to be established in the Buffalo General Hospital, 100 High Street, Erie County, Buffalo, New York. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Kansas City Independent State Bank of Colorado, Denver, Colorado. 2/ Kansas City Valley State Bank, Baggs, Wyoming. 2/ 27 Application subject to Community Reinvestment Act. The Ccmnunity Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the content period. H.2, 1979 No. 48 -15APPLICATIONS RECEIVED-Continued To Form a Bank Holding Company Pursuant to Section 3(a) (1) of the Bank Holding Company Act of 1956 Boston Bank of New Hampshire Corporation, Manchester, New Hampshire, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to Bank of New Hampshire, National Association, Manchester, New Hampshire. 2/ Cleveland Buckeye Bancorporation, Mount Gilead, Ohio, for approval to acquire 80 per cent or more of the voting shares of Community National Bank, Mount Gilead, Ohio. 2/ Chicago Highland Park Bancshares, Inc., Chicago, Illinois, for approval to acquire 80 per cent or more of the voting shares of Bank of Highland Park, Highland Park, Illinois. 2/ Chicago Illinois Holding Co., Sherrard, Illinois, for approval to acquire 82 per cent or more of the voting shares of Farmers State Bank of Sherrard, Sherrard, Illinois. 2/ Minneapolis First Fessenden Inc., Fessenden, North Dakota, for approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the First National Bank of Fessenden, Fessenden, North Dakota. 2/ Kansas City Hugoton Bancshares, Inc., Hugoton, Kansas, for approval to acquire 80 per cent or more of the voting shares of The Citizens State Bank, Hugoton, Kansas. 2/ Kansas City Louisburg Bancshares, Inc., Louisburg, Kansas, for approval to acquire 80 per cent or more of the voting shares of The Bank of Louisburg, Louisburg, Kansas. 2/ Kansas City Republic Bancshares, Inc., Oklahoma City, Oklahoma, for approval to acquire 96.56 per cent of the voting shares of Republic Bank, Oklahoma City, Oklahoma. 2/ 2/ Application subject to Community Reinvestment Act. The Community ~~ Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1979 No. 48 — 16 — APPLICATIONS RECEraE3>Continued Kansas City Wichita Bancshares, Inc., Snyder, Oklahoma, for approval to acquire 80 per cent or more of the voting shares of Bank of the Wichitas, Snyder, Oklahoma. 2/ Dallas Bosque Corporation, Meridian, Texas, for approval to acquire 80-99 per cent of the voting shares of Bosque County Bank of Meridian, Meridian, Texas. 2/ Dallas Great Southern Bancshares, Inc., Houston, Texas, for approval to acquire 80-100 per cent of the voting shares of Great Southern Bank, Houston, Texas. 2/ Dallas Southeast Capital Corporation, Idabel, Oklahoma, for approval to acquire 80 per cent or more of the voting shares of The Idabel National Bank, Idabel, Oklahoma. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a) (3) of the Bank holding Company Act of 1956 New York United Bank Corporation of New york, Albany, New York, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to Peninsula National Bank, Cedarhurst, New York. 2/ Richmond Mercantile Bankshares Corporation, Baltimore, Maryland, for approval to acquire not less than 80 per cent of the voting shares of The First National Bank of St. Mary's at Leonardtcwn, Leonardtown, Maryland. 2/ Atlanta Florida National Banks of Florida, Inc., Jacksonville, Florida, for approval to acquire 100 per cent of the voting shares (except directors' qualifying shares) of Florida National Bank of Martin County, Stuart, Florida, the successor by merger to Stuart National Bank, Stuart, Florida, and Port Salerno National Bank, Port Salerno, Florida. 2/ 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. — 17 - H.2, 1979 No. 48 APPLICATIONS RECEIVED-Continued Atlanta Georgia Bancshares, Inc., Macon, Georgia, for approval to acquire 80 per cent or more of the voting shares of First National Bank of Houston County, Perry, Georgia. 2/ Dallas Fort Sam Houston BankShares, Incorporated, San Antonio, Texas, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of Universal City Bank, N..A., Universal Ci ty, Texas, a proposed new bank. 2/ San Francisco Orbanco, Inc., Portland, Oregon, for approval to acquire 100 per cent of the voting shares of Lincoln Bank, Lincoln City, Oregon. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a) (5) of the Bank Holding Company Act of 1956 Chicago Western Michigan Corporation, Niles, Michigan, for approval to merge with Pacesetter Financial Corporation, Grand Rapids, Michigan. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c) (8) of the Bank Holding Company Act of 1956 New York Citicorp, New York, New York, notification of intent to engage in de novo activities (operating a credit card business~Tncluding, but not limited to, extending, acquiring, and servicing indebtedness (i) incurred by custoners for purchases and leases of goods and services and (ii) representing loans to customers; such servicing may include credit review, issuance of credit cards, billing, collection activities and related services; three additional limited-purpose offices in Atlanta, Georgia; San Mateo, California; and Rosemont, Illinois, will engage solely in related collection activities) at 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the coiment period. H.2, 1^9 No. 48 - 1 8 - APPUCATIONS RECEB/ED-Continued 399 Park Avenue, New York, New York; 2 Huntington Quadrangle, Melville, New York; 575 Lexington Avenue, New York, New York; 41 Perimeter Center East, Suite 450, Atlanta, Georgia; 9801 West Higgins Road, Northwest Commerce Plaza, Rosemont, Illinois; and 1710 South Amphlett Boulevard, Suite 214, San Mateo, California, through its subsidiary, Citicorp Credit Services, Inc. (11/28/79) 3/ New York Citicorp, New York, New York, notification of intent to expand the activities and service area (to include the entire State of Idaho) of an existing office, (operating a finance company, including making or acquiring consumer loans and other extensions of credit, secured or unsecured; making or acquiring, loans and other extensions of credit to finance the purchase of mobile homes or manufactured housing together with the real property to which such housing is or will be permanently affixed; and acting as agent for the sale of credit life and credit accident and health insurance directly related to extensions of credit) at 1755 Westgate Drive, Suite 225, Boise, Idaho, through its subsidiary, Citicorp Person-to-Person Financial Center, Inc. (11/30/79) 3/ New York Citicorp New York, New York, notification of intent to expand the activities and service area (to include the entire State of Utah) of an existing office (operating a finance company, including making or acquiring consumer loans and other extensions of credit, secured or unsecured; making or acquiring, loans and other extensions of credit to finance the purchase of mobile homes or manufactured housing together with the real property to which such housing is or will be permanently affixed; and acting as agent for the sale of credit life and credit accident and health insurance directly related to extensions of credit) at 3828 South Main, Salt Lake City, Utah, through its subsidiary, Citicorp Person-to-Person Financial Center (11/30/79) 3/ 3/ 4(c) (8) or 4(c) (12) notification processedfcyReserve Bank on behalf of the Board of Governors under delegated authority. m — 19 — H.2, 1979 No. 48 APPLICATIONS RECEIVEEHContinued Kansas City Affiliated Bankshares of Colorado, Inc., Boulder, Colorado, for approval to acquire First Colorado Bankshares Insurance Company, Phoenix, Arizona and thereby engage de novo in underwriting, as reinsurer, life and disability insurance coverages in connection with credit extensions by its banking and nonbanking subsidiaries. Kansas City Commercial Landmark Corporation, Muskogee, Oklahoma, notification of intent to engage in de novo activities (making loans ur other extensions of credit on behalf of the holding company) at Third and Broadway, Muskogee, Oklahoma (11/30/79) 3/ Kansas City G & R, Inc., Troy, Kansas, notification of intent to engage in de novo activities (to engage de novo as insurance agent for the sale of fidelity and other indemnity protection in connection with extensions of credit by its subsidiary bank, Troy State Bank, Troy, Kansas) this activity will be conducted on the premises of Troy State Bank (11/15/79) 3/ San Francisco BankAmerica Corporation, San Francisco, California, to engage in the activity of reinsuring credit life insurance sold to borrowers from Bank of America NT&SA in connection with loans secured by residental real property through BAC's whollycwned subsidiary, BA Insurance Company, Inc. San Francisco Orbanoo, Inc., Portland, Oregon, notification of intent to engage in de novo activities (to engage in lending, loan servicing and acting as agent or broker for the sale of credit-related life insurance) at 240 Stoneridge Drive, One Greystone, West, Columbia, South Carolina, through its subsidiary, Fort Wayne Mortgage Co. (11/26/79) 3/ * * * * * REPORTS RECEIVED Oznership Report Filed Pursuant to Section 13 of the Securities Exchange Act Farmers & Merchants Bank of Central California, Lodi, California. 3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1979 No. 48 - 20 APPLICATIONS KECEIVED-Ccaitinued PETITIONS FOR RULEMAKING None.
@FedFRASER