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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1988, No. 50
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending December 10, 1988.
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
Security Pacific Corporation, Los Angeles, California
— to acquire Nevada National Bancorporation, Reno,
Nevada, and Nevada National Bank.
Approved, December 5, 1988.
SouthTrust Corporation, Birmingham, Alabama — to
acquire Wiregrass Bank and Trust Company, Headland,
Alabama.
Approved, December 5, 1988.
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC
Richmond
Mellon Bank (MD), Rockville, Maryland — to establish
a branch at 4800 Montgomery Lane, Bethesda,
Maryland.
Approved, December 8, 1988.
Cleveland
Ohio Citizens Bank, Toledo, Ohio — to establish a
branch at 6730 West Central Avenue.
Approved, December 8, 1988.
Richmond
Princess Anne Commercial Bank, Virginia Beach,
Virginia — to establish a branch at 2251 North
Great Neck Road.
Approved, December 8, 1988.
Cleveland
Star Bank of Kenton County, Covington, Kentucky —
establish a branch at 4387 Decoursey Avenue,
Latonia, Kentucky.
Approved, December 7, 1988.
to
H.2
DECEMBER 5, 1988
PAGE 2
TO
DECEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
New York
The Bank of Nova Scotia, Toronto, Canada — to engage
de novo in securities brokerage through
ScotiaMcLeod (USA) Inc., New York, New York.
Permitted, December 7, 1988.
Chicago
BW3 Bancorporation, Hampton, Iowa — to remove
certain representations and commitments.
Approved, December 5, 1988.
Boston
Cenvest, Inc., Meriden, Connecticut — to acquire
First Central Bank, Hartford, Connecticut.
Approved, December 9, 1988.
Minneapolis
Charter 95 Corporation, Hudson, Wisconsin — to
acquire Merchants State Bank of North Branch, North
Branch, Minnesota.
Approved, December 8, 1988.
New York
Citicorp, New York, New York, and Citicorp Holdings,
Inc ., New Castle, Delaware — to acquire Citibank
(Florida),. National Association, Dania, Florida.
Approved, December 9, 1988.
Chicago
Community Bancorp, Inc., St. Charles, Michigan —
acquire Community State Bank of St. Charles.
Approved, December 7, 1988.
Chicago
Conover Bancorporation, Creston, Iowa — to acquire
Northwest Financial Corp., Spencer, Iowa.
Returned, December 9, 1988.
Cleveland
Cortland Bancorp Inc., Cortland, Ohio —
novo in leasing activities.
Permitted, December 8, 1988.
Kansas City
Eriksen Holding Co., Del Norte Colorado —
Rio Grande County Bank.
Returned, December 7, 1988.
Cleveland
Farmers National Bancorp of Cynthiana, Inc.,
Cynthiana, Kentucky — to engage de novo in
consumer finance through J.B. Finance Company, Inc.
Permitted, December 8, 1988.
to
to engage de
to acquire
H.2
DECEMBER 5, 1988
PAGE 3
TO
DECEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
First Busey Corporation, Urbana, Illinois — to
acquire Community Bank of Mahomet, Mahomet,
Illinois.
Approved, December 8, 1988.
Chicago
First Colonial Bankshares Corporation, Chicago,
Illinois — to acquire DuPage County Bank of
Glendale Heights, Glendale Heights, Illinois.
Approved, December 8, 1988.
Minneapolis
First Dakota Financial Corporation, Yankton, South
Dakota — to acquire First Dakota National Bank.
Approved, December 9, 1988.
Chicago
First National Bancorp, Inc., Joliet, Illinois —
acquire Southwest Suburban Bank, Bolingbrook,
Illinois.
Approved, December 7, 1988.
Chicago
First Paxton Bancorp, Inc., Paxton, Illinois —
acquire Cissna Park State Bank, Cissna Park,
Illinois.
Approved, December 8, 1988.
St. Louis
First Tennessee National Corporation, Memphis,
Tennessee — to acquire Check Consultants, Inc.,
Memphis, Tennessee.
Approved, December 9, 1988.
Chicago
Hampton Park Corporation, Romeoville, Illinois — to
acquire certain loan assets from The Palwaukee Bank
and First Bank of Romeoville.
Approved, December 9, 1988.
Minneapolis
Klossner Bancorporation, Inc., Klossner, Minnesota —
to acquire Houston State Holding, Inc., Houston,
Minnesota.
Approved, December 7, 1988.
to
to
H.2
DECEMBER 5, 1988
PAGE 4
TO
DECEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Richmond
Mercantile Bankshares Corporation, Baltimore,
Maryland — to acquire Benchmark Appraisal Group,
Inc., Columbia, Maryland, and engage in real estate
appraisal through Mercantile Mortgage Corporation,
and New Appraisal Company.
Approved, December 5, 1988.
Chicago
NBD Bancorp, Inc., Detroit, Michigan — to acquire
NBD New Castle Bank, Newark, Delaware.
Approved, December 9, 1988.
Atlanta
Ready Bancorp, Inc., Hialeah, Florida —
Ready State Bank.
Withdrawn, December 5, 1988.
Cleveland
Trustcorp, Inc., Toledo, Ohio — to acquire the
Gotfryd Corp. , Constantine, Michigan.
Approved, December 8, 1988.
to acquire
BANK MERGERS
Richmond
First Community Bank, Forest, Virginia — to acquire
three Lynchburg, Virginia, Branches of Signet
Bank / Virginia, Richmond, Virginia.
Approved, December 9, 1988.
BANK PREMISES
Chicago
Citizens Commercial 8 Savings Bank, Flint, Michigan
— investment in bank premises.
Approved, December 7, 1988.
Staff Director
BS&R
Grant State Bank, Grant, Michigan —
bank premises.
Approved, December 5, 1988.
Cleveland
The Lorain County Bank, Elyria, Ohio —
bank premises.
Approved, December 5, 1988.
Cleveland
Ohio Citizens Bank, Toledo, Ohio —
bank premises.
Approved, December 8, 1988.
investment in
investment in
investment in
H .2
DECEMBER 5, 1988
PAGE 5
TO
DECEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS
San Francisco
Caltech Employees Federal Credit Union, Pasadena,
California — deregistration statement.
Approved, December 5, 1988.
BANKS, STATE MEMBER
Kansas City
Bank VII, Lafayette, Colorado —
dividend.
Approved, December 9, 1988.
payment of a
Chicago
First Interstate Bank of Wisconsin-Waupun, Waupun,
Wisconsin — payment of a dividend.
Approved, December 8, 1988.
Chicago
The Kingston State Bank, Kingston, Michigan —
payment of a dividend.
Approved, December 7, 1988.
Chicago
Old Kent Bank of St. Johns, Saint Johns, Michigan —
payment of a dividend.
Approved, December 5, 1988.
CAPITAL STOCK
Kansas City
First Bancshares of Hoxie, Inc., Hoxie, Kansas —
redemption of shares.
Approved, December 8, 1988.
Chicago
1st Brookfield, Inc., La Grange, Illinois —
redemption of shares.
Approved, December 9, 1988.
Kansas City
Membancshares, Inc., Oklahoma City, Oklahoma —
redemption of shares.
Approved, December 8, 1988.
Chicago
Mid - Iowa Bancshares Co., Algona, Iowa —
of shares.
Approved, December 9, 1988.
redemption
Kansas City
Welch Bancshares, Inc., Welch, Oklahoma —
of shares.
Approved, December 9, 1988.
redemption
H.2
DECEMBER 5, 1988
PAGE 6
TO
DECEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CHANGE IN BANK CONTROL
Chicago
1st Brookfield, Inc., La Grange, Illinois —
in bank control.
Permitted, December 9, 1988.
Kansas City
Membancshares, Inc., Oklahoma City, Oklahoma —
change in bank control.
Permitted, December 8, 1988.
Chicago
Mid - Iowa Bancshares Co., Algona, Iowa —
bank control.
Permitted, December 9, 1988.
Dallas
Provident Bancorp of Texas, Inc., Dallas, Texas —
change in bank control.
Permitted, December 7, 1988.
change
change in
COMPETITIVE FACTORS REPORTS
San Francisco
The Bank of Commerce* National Association* Auburn*
California, proposed purchase of assets and
assumption of liabilities of the Carmichael Branch,
Carmichael; and Folsom Branch, Folsom} of Placer
Bank of Commerce, Roseville, California — report
on competitive factors.
Submitted, December 8, 1988.
Richmond
Bankers Trust of North Carolina, Greensboro, North
Carolina, proposed merger with BTNC Bank,
Greensboro, North Carolina — report on competitive
factors.
Submitted, December 5, 1988.
Richmond
Branch Banking and Trust Company, Wilson, North
Carolina, proposed merger with Westbrook - Norton,
Inc., Charlotte, North Carolina — report on
compet it ive factors.
Submitted, December 9, 1988.
Boston
Eastern Savings Bank, Lynn, Massachusetts, proposed
transfer of the majority of its assets and all of
its deposit liabilities to a Subsidiary Savings
Bank — report on competitive factors.
Submitted, December 6, 1988.
H.2
DECEMBER 5, 1988
PAGE 7
TO
DECEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Dallas
First National Bank of Corpus Christi, Corpus
Christie proposed merger with First National Bank
of Corpus Christi Southern; First National Bank of
Corpus Christi Western; First National Bank of
Corpus Christi Gulfway; and Northshore Bank,
Portland; — report on competitive factors.
Submitted, December 6, 1988.
Minneapolis
The First Western Bank Custer, Custer, South Dakota,
proposed merger with the Hill City, South Dakota,
Branch of Rushmore State Bank, Rapid City, South
Dakota — report on competitive factors.
Submitted, December 5, 1988.
Atlanta
Peoples Bank of Forsyth County, Cumming, Georgia,
proposed merger with Interim Peoples / Forsyth
Corporation, Gainesville, Georgia — report on
competitive factors.
Submitted, December 5, 1988.
Dallas
Texas Commerce Bank - Conroe, N.A., Texas Commerce
Bank - Friendswood, and Texas Commerce Bank - Sugar
Land, N.A., proposed merger with Texas Commerce
Bank National Association, Houston, Texas — report
on competitive factors.
Submitted, December 5, 1988.
Kansas City
Union Bank and Trust Company, Lincoln, Nebraska,
proposed merger with Northwest National Bank, Grand
Island, Nebraska — report on competitive factors.
Submitted, December 5, 1988.
EXTENSIONS OF TIME
St. Louis
Casey County Bancorp, Inc., Liberty, Kentucky —
extension to acquire the successor to Casey County
Bank, Inc.
Granted, December 9, 1988.
Richmond
Central Fidelity Bank, Richmond, Virginia —
extension to August 25, 1989, to establish a branch
in the Chesterfield Meadows Shopping Center South,
Route 10 and Centralia Road, Chester, Virginia.
Granted, December 9, 1988.
H.2
DECEMBER 5, 1988
PAGE 8
TO
DECEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TINE
Chicago
County Bank Corp., Lapeer, Michigan — extension to
March 6, 1989, to acquire Lapeer County Bank &
Trust Co., and for the latter to merge with Lapeer
Interim Bank.
Granted, December 5, 1988.
Chicago
Edgewood Bancshares, Inc., Countryside, Illinois —
extension to March 6, 1989, to merge with EdgeMark
Financial Corporation, and Cosmopolitan Financial
Services, Inc., and acquire EdgeMark Bank Lombard, Lombard; First National Bank of Lockport,
Lockport; Merchandise National Bank of Chicago,
Chicago; and EdgeMark Bank - Rosemont, Rosemont,
Illinois.
Granted, December 5, 1988.
San Francisco
First Hawaiian, Inc., Honolulu, Hawaii —
to divest certain property.
Granted, December 6, 1988.
Chicago
First Wisconsin Corporation, Milwaukee, Wisconsin —
extension to February 20, 1989, to engage de novo
in trust and investment services through Illinois
Trust Company.
Granted, December 7, 1988.
Chicago
First Wisconsin Corporation, Milwaukee, Wisconsin —
extension to March 16, 1989, to engage de novo in
expanding mortgage lending through RE Services,
Inc.
Granted, December 7, 1988.
Chicago
F.W.N.S. Corporation, Milwaukee, Wisconsin —
extension to February 20, 1989, to engage de novo
in trust and investment services through Illinois
Trust Company.
Granted, December 7, 1988.
Cleveland
Integra Financial Corporation, M t . Lebanon,
Pennsylvania — extension to March 9, 1989, to
consummate the consolidation of Pennbancorp,
Titusville, Pennsylvania, and Union National
Corporation, Mt. Lebanon, Pennsylvania.
Granted, December 6, 1988.
extension
H.2
DECEMBER 5, 1988
PAGE 9
TO
DECEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Staff Director
BS&R
Merchants National Corporation, Indianapolis, Indiana
— extension to divest insurance agency activities
of Mid State Bank of Hendricks County, Danville,
Indiana, and Anderson Banking Company, Anderson,
Indiana.
Granted, December 8, 1988.
Cleveland
Middlefield Banc Corp., Middlefield, Ohio —
acquire The Middlefield Banking Company.
Granted, December 8, 1988.
Atlanta
SunTrust Banks, Inc., Atlanta, Georgia, and Sun Banks
Inc., Orlando, Florida — extension to March 29,
1989, to engage de novo in trust and investment
advisory activities through SunBank Capital
Management, National Association.
Granted, December 5, 1988.
New York
United Jersey Bank, Hackensack, New Jersey —
extension to March 7, 1989, to merge with United
Jersey Bank / Woodridge, National Association,
Wood-Ridge, New Jersey.
Granted, December 6, 1988.
Chicago
Waymar Bancorporation, Spirit Lake, Iowa — extension
to March 4, 1989, to acquire First Bank and Trust.
Granted, December 7, 1988.
Atlanta
West Coast Bancorp, Inc., Cape Coral, Florida —
extension to March 8, 1989, to acquire First
National Bank of Southwest Florida.
Granted, December 5, 1988.
to
RESERVE BANK OPERATIONS
Director, FRBO
Federal Reserve Bank of Minneapolis —
processor for the Helena Branch.
Approved, December 5, 1988.
Director, FRBO
Federal Reserve Bank of New York — to acquire tape
and communications equipment for the Head Office
and the Contingency Center.
Approved, December 9, 1988.
to purchase a
H.2
DECEMBER 5, 1988
PAGE 10
TO
DECEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
RESERVE BANK OPERATIONS
Director, FRBO
Federal Reserve Bank of Richmond — to purchase tape
and disk drive equipment for the Richmond,
Baltimore, Charlotte, and Columbia offices.
Approved, December 9, 1988.
ADDITIONS AND CORRECTIONS
H.2
DECEMBER 5, 1988
PAGE 11
TO
DECEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES, DOMESTIC
Philadelphia
Meridian Bank, Reading, Pennsylvania — to establish
a branch at The Highlands at Wyomissing, 2000
Cambridge Avenue, Wyomissing, Pennsylvania*
Approved, November 28, 1988.
BANK HOLDING COMPANIES
Chicago
Northern Trust Corporation, Chicago, Illinois — to
engage de novo in mortgage loan activities through
Northern Investment Corporation.
Permitted, December 2, 1988.
EXTENSIONS OF TIME
Richmond
United Bankshares, Inc., Charleston, West Virginia —
extension to March 4, 1989, to engage de novo in
loan activities through United Venture Fund, Inc.,
Parkersburg, West Virginia.
Granted, December 2, 1988.
INTERNATIONAL OPERATIONS
Philadelphia
Fidelity Bank, National Association, Malvern,
Pennsylvania -- to establish a branch in Hong Kong
Approved, November 28, 1988.
FEDERAL RESERVE RANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application
Conment Period Ending Date
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Carroent Period Ending Date
Village Financial Corporation
Errployee Stock Ownership Plan,
Gilford, New Hampshire - Change
in Control Notification
to acquire 13.16% of Village
Financial Corporation, Gilford,
New Hampshire
Newspaper
12-15-88
Federal Register
12-29-88
Eastern Savings Bancorp, Inc.,
Lynn, Massachusetts 3 (a)(1)/4(c)(8) application
to becane a bank holding
company through the acquisition
of Eastern Bank, Lynn,
Massachusetts*
Newspaper
12-31-88
MidConn Bancorp, Inc.,
Kensington, Connecticut - 3(a)(1)
application to becane a bank
holding company through the
acquisition of MidConn Bank,
Kensington, Connecticut*
Newspaper
Federal Register
Federal Register
Not Yet Established
1-5-89
Not Yet Established
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Coiment Period Ending Date
Fleet/NOrstar Financial
Group, Inc., Providence,
Rhode Island - 4 (c)(8)
application for prior
approval of the acquisition
of approximately 35% of the
outstanding voting capital
stock of Capital Guaranty
Corporation, San Francisco,
California
♦ C S iU *i
.4 -
/r'*r>7l
Federal Register
Not Yet Established
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION III - APPLICATIONS SUBJECT TO (cont'd)
FEDERAL REGISTER NOTICE ONLY
Application
Conroent Period Ending Date
Fleet/NOrstar Financial Group,
Inc., Providence, Rhode Island
- 4(c)(8) application to acquire
Cary Grant & Company, Inc.,
Chicago, Illinois
Federal Register
Bank of New England Corporation,
Boston, Massachusetts - 4(c)(8)
application to engage in the
underwriting and deeding of all
types of debt securities
through BNE Capital Markets, Inc.,
Boston, Massachusetts
Federal Register
Not Yet Established
Federal Register
Fleet/Norstar Financial Group,
Inc., Providence, Rhode Island 4(c)(8) application to acquire
Fleet Real Estate Funding Corp.,
Columbia, South Carolina by
transferring ownership from
Fleet National Bank, Providence,
Rhode Island to the holding company
Not Yet Established
Fleet/Norstar Financial Group,
Inc., Providence, Rhode Island 4(c)(8) application to engage
de novo in the operation of a
collection agency through its
subsidiary Fleet/Norstar Asset
Management Corporation,
Providence, Rhode Island
Not Yet Established
Federal Register
12-29-88
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER O R NEWSPAPER NOTICE
Application
NONE
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
____________ Notice Only
______
Manufacturers Hanover Trust Company, New York, New
York to establish a branch at 2260 Bartow Avenue,
Bronx, New York.l/
12/31/88
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Fairfield County Bancorp, Inc., Stamford, Connecticut
to acquire the shares of Greenwich Trust Company,
Greenwich, Connecticut, a proposed new barik.l/
1/3/89 2/
Lakeland Bancorp, Inc., Newfoundland, New Jersey to became
a bank holding company with respect to Lakeland State Bank,
Newfoundland, New Jersey. 1/
12/14/88 2/
Martin Lifton, Old Westbury', New York to retain and acquire
in the aggregate 35% of the shares of Great Neck Bancorp,
Great Neck, New York.
12/29/88 2/
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Brunswick Bancorp, New Brunswick, New Jersey to engage in
making commercial loans.
12/26/88
The Hongkong and Shanghai Banking Corporation, Hong Kong;
Kellett N.V., Curacao, Netherlands Antilles; HSBC Holdings
B.V., Amsterdam, the Netherlands; and Marine Midland Banks,
Inc., Buffalo, New York to engage through their subsidiary,
Marine Midland Capital Markets, Inc., in underwriting and
dealing, to a limited extent, in equity and debt securities.
N/A
Hudson Valley Holding Corp., Yonkers, New York to engage
through its subsidiary, Hudson Valley Mortgage Corp.,
Valhalla, New York, in mortgage banking activities.
12/22/88
Federal Reserve Bank of New York
Garment Period
Fndina Date
Key Corp, Key Atlantic Bancorp and Key Bancshares of
New York, Inc., all of Albany, New York to engage throuc£i
their subsidiary, Key Services Corp., in data processing
activities.
12/ 22/88
Citicorp, New York, New York to engage in underwriting,
to a limited extent, equity securities.
12/ 18/88
Swiss Bank Corp., Basle, Switzerland to engage through its
subsidiary, SBC Government Securities, Inc., in underwriting
government securities and related activities.
N/A
SECTION IV
Applications Not Involving
________ Public Comment________
Citibank Overseas Investment Corporation, New Castle,
Delaware to make an additional investment in Conpagnie
Generate de Banque Citibank, Paris, France.
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 BANKOF
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
Omega Financial Corporation, State College, PA 1/
to acquire up to 9.99% of the voting shares of
Mifflinburg Bancorp, Inc., Mifflinburg, PA
pursuant to Section 3(a)(3) of the Bank Holding
Company Act.
Newspaper:
Federal Register:
1/2/89
N/A*
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
Keystone Financial, Inc., Harrisburg, PA
to acquire 100% of voting shares of
Keystone Brokerage, Inc., Williamsport,
PA pursuant to Section 4(c)(8) of the
Bank Holding Company Act.
12/26/88
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, (215) 574-6000
Applications Bulletin
For Week Ending December 10, 1988
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING
Received application on November 21, 1933
from Ohio Citizens Bank, Toledo, Ohio, for
permission to establish a branch at 7015
Spring Meadows W. Drive, Holland, Ohio.
*December 17, 1988
Received application on December 5, 1988
fran Trustcorp Bank, Ohio, Toledo, Ohio,
for permission to establish a CBCT branch
at 5901 Mbnclova Road, Maumee, Ohio.
*Not Yet Known
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3(a)(3) application on
December 2, 1988 fran PNC Financial Corp,
Pittsburgh, Pennsylvania, to acquire Bank
of Delaware Corporation, Wilmington, Delaware.
* January 3, 1989
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4(c)(8) Notice on
__
November 29, 1988 fran B/W Bancshares, Inc.,
Lexington, Kentucky, to engage de novo in the
consumer finance business pursuant to Section
225.25(b)(1) of Regulation Y through Mountain
Credit Corporation, Lexington, Kentucky.
December 29, 1988
* - Subject to CRA
# - Expected to end approximately 30 days fran the date of receipt
F - Federal Register Content Period
Applications Bulletin
For Week Ending December 10, 1988
Received Section 4(c)(8) application on
November 30, 1988 fron First Commonwealth
Financial Corporation and S&T Bancorp, Inc.,
both of Indiana, Pennsylvania, to engage
de novo through a proposed jointly-owned
subsidiary, Commonwealth Trust Credit Life
Insurance Company, Phoenix, Arizona, in
underwriting, as reinsurer, credit life
and accident and health insurance directly
related to extensions of credit by entities
owned by First Ccmnonwealth Financial
Corporation and S&T Bancorp, Inc. These
activities will be conducted pursuant to
Section 225.25(b) (8) of Regulation Y.
*
#
N
F
-
December 26, 1988
Received Section 4(c)(8) application on
December 2, 1988 from PNC Financial Corp,
Pittsburgh, Pennsylvania, to acquire Del
Vest, Inc., and Christina Life Insurance
Company, both of Wilmington, Delaware, and
both owned by Bank of Delaware Corporation,
Wilmington, Delaware.
January 3, 1989
Received Section 4 (c)(8) application on
December 5, 1988 fran Equimark Corporation,
Pittsburgh, Pennsylvania, to acquire up to
20.3 percent of Rocky Mountain Financial
Corporation, Cheyenne, Wyoming.
December 20, 1988
Received Section 4 (c)(8) application on
December 5, 1988 fron Fquimanagement, Inc.,
Pittsburgh, Pennsylvania, to acquire up to
20.3 percent of Rocky Mountain Financial
Corporation, Cheyenne, Wyaning.
December 20, 1988
Subject to CPA
Expected to end approximately 30 days from the date of receipt
Newspaper Comment Period
Federal Register Comment Period
Applications Bulletin
For Week Ending December 10, 1988
Received Section 4 (c) (8) application on
Decaliber 7, 1988 from PNC Financial Corp,
Pittsburgh, Pennsylvania, to expand the
activities of its wholly-owned subsidiary,
PNC Securities Corp, to include the provisions
of investment advice for retail and
institutional customers pursuant to Section
225.25(b)(4) of Regulation Y.
Not Yet Known #
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
O R NEWSPAPER NOTICE
NONE
*
S
N
F
-
Subject to CRA
Expected to end approximately 30 days from the date of receipt
Newspaper Comment Period
Federal Register Content Period
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
None
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
MNC Financial, Inc., Baltimore, Maryland,
to engage in the acceptance of deposits,
making and servicing mortgage loans on
residential and commercial real estate,
including construction loans through the
acquisition of Virginia Federal Savings and
Loan Association, Richmond, Virginia.*
12 20-88
Allied Irish Banks Limited, Dublin, Ireland,
and First Maryland Bancorp, Baltimore, Maryland,
to engage de novo in making, acquiring, and
servicing loans or other extensions of credit
for its own account or the account of others,
secured by mortgages or deeds of trust on real
property or condominiums; and participating in
the secondary mortgage market in connection
therewith through its subsidiary, First National
Mortgage Corporation, Baltimore, Maryland.*
12 26-88
NCNB Corporation, Charlotte, North Carolina, to
engage de novo in the making of loans or
extending of credit, by means of credit cards,
to any natural person or persons the proceeds
of which are to be used primarily for
personal, family or household purposes and to
take security interests of any kind in
property of any type to secure such loans or
extensions of credit through the acquisition
of NCNB America Bank, Newark, Delaware.
-
-
Not Yet Available
*Expiration of comment period specified in the Federal Register.
Federal Reserve Bank of Richmond
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None
December 12, 1988
Federal Reserve Bank of Atlanta
Applications Bulletin
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
SouthTrust Corporation
12-30-88
Birmingham, Alabama
Federal Register
To acquire SouthTrust Bank of Sarasota County, Sarasota, Florida
(in organization), through its wholly-owned subsidiary, SouthTrust
of Florida, Inc., Sarasota, Florida.
SouthTrust Corporation
12-15-88
Birmingham, Alabama
Newspaper
To relocate the charter of SouthTrust National Bank, Phenix City, Alabama,
to Columbus, Georgia.
Riverside Banking Company
Fort Pierce, Florida
Change in control by Vernon D. Smith to acquire up to 25 percent of the
outstanding shares of common stock.
Finacorp, Inc.
Naples, Florida
1-BHC formation, First National Bank of Naples, Naples, Florida
(in organization).
Harrogate Corporation
12-02-88
Harrogate, Tennessee
Federal Register
To merge with Commercial Bank Group, Inc., Middlesboro, Kentucky.
Section III - Applications Subject to
Federal Register Notice Only
Application
Ccnment Period Ending Date
CB&T Bancshares, Inc.
12-29-88
Columbus, Georgia
Federal Register
To expand the activities of Calumet Financial Associates, Inc., Columbus,
Georgia, to include discount brokerage and investment advisory activity,
pursuant to sections 225.25(b) (4) and 225.25(b) (15) of Regulation Y.
December 12, 1988
Federal Reserve Bank of Atlanta
Applications Bulletin
Section IV - Applications Not Subject To Federal Register
Notice or Newspaper Notice
Application
Caanunity Bancshares, Inc.
Blountsville, Alabama
To redeem 22,792 shares (5.38 percent) of its outstanding shares of cannon
stock.
North Florida Bank Corporation
Madison, Florida
To redeem 51 percent of its outstanding shares of canton stock.
The Citizens and Southern National Bank
Atlanta, Georgia
To establish a foreign branch in Georgetown, Grand Cayman, British West
Indies.
APPLICATIONS BULLETIN
Federal Reserve Bank of Chicago
This Applications Bulletin identifies final applications
received by the Federal Reserve Bank of
Chicago________ during the
week ending
December 9, 1988
This Applications Bulletin is
published weekly as a courtesy of the Federal Reserve and does not
constitute notice of these applications.
If members of the public want to comment on an application,
comments must be received by the Federal Reserve on or before the last
day of the comment period. The comment period ends no earlier than the
date specified in the newspaper notice and, in the case of bank holding
company applications for which a Federal Register notice is published,
may end later than that date. If you have any questions concerning
procedures that should be followed in commenting on an application, you
may contact Alicia Williams, Assistant Vice President at the Federal
Reserve Bank of Chicago at 230 South LaSalle Street, Chicago, Illinois
60690 (312) 322-5910.
If you cannot submit your comments by the end of the time
period, you may request an extension of time by contacting the Secretary
of the Federal Reserve Board, Washington, DC, 20551. Your request for an
extension of time must be received no later than the last date of the
comment period and should explain why you are unable to submit your
comments on time. You will find more information on how to request
additional time in the Code of Federal Regulations ("CFR") at 12 CFR
//262.25(B) (as revised, Press Release (January 31, 1984), 49 Federal
Register 5603 (February 14, 1984)).
For information on the Board’s policy concerning the holding of
public meetings, please see the Board's Policy Statement for Handling
Protested Applications, 12 CFR #262.25(0 and (D) (1984). The procedure
for requesting a hearing can be found at 12 CFR #262.3(e). You may wish
to consult A Citizen’s Guide to CRA. published by the Federal Financial
Institutions Examination Council.
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
lyse
Application
2083
FCBAH Bank
N
Arlington Heights, Illinois (in organization)
to become a member of the Federal Reserve System*
- 12-5-88
Branch
Security Bank and Trust Company
Southgate, Michigan
Vicinity of Six Mile and Haggerty Road
Livonia, Michigan*
- 12-18-88
Branch/24A
Marine Bank of Bloomington-Normal
N - **
Bloomington, Illinois
211 N. Main Street
Bloomington, Illinois and invest in bank premises*
EFT
Old Kent Bank and Trust Company
Grand Rapids, Michigan
Meijer, 1220 N. Lafayette
Greenville, Michigan*
N
N
- 12-22-88
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Tjfge
Application
Y-l
IBT Bancorp
Mount Pleasant, Michigan
Isabella Bank and Trust
Mount Pleasant, Michigan*
FR - 11-21-88
N - 12-18-88
Y-l
Friendship Bancorp.
Friendship, Indiana
The Friendship State Bank
Friendship, Indiana*
FR - 11-30-88
N - 12-17-88
Y-2
First Chicago Corporation
Chicago, Illinois
FCBAH Bank
Arlington Heights, Illinois (i
FR - 12-9-88
N - 12-5-88
Y-l
W-CV Bancorp, Inc.
Westby, Wisconsin
Westby-Coon Valley State Bank
Westby, Wisconsin*
organization)*
FR - 12-9-88
N - 12-24-88
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date
Type
Application
CoC-HC
Robuck, Inc.
South Sioux City, Nebraska
Thomas D. Ross; Ron Bowden; Randy Lanning;
Randy Lamprecht and Mark Buckley
FR - 12-12-88
N - 12-14-88
Y-l
Bluestem Financial Corp.
Fairbury, Illinois
National Bank of Fairbury
Fairbury, Illinois*
FR - 12-30-88
N - 12-3-88
CoC-HC
First Rantoul Corporation
Rantoul, Illinois
Richard J. Baker
FR - 12-21-88
N - 12-16-88
Y-2
Missouri Valley Financial Services, Inc.
Council Bluffs, Iowa
First Bank N.A.
Council Bluffs, Iowa*
FR - 12-22-88
N - 12-24-88
Y-l
Markesan Bancshares, Inc.
Markesan, Wisconsin
Markesan State Bank
Markesan, Wisconsin*
FR - 12-14-88
N - 11-26-88
Y-l
Interlachen Development, Inc.
Milford, Iowa
Milford Bancorporation
Milford, Iowa
Dickinson County Savings Bank
Milford, Iowa
San Bancorp
Sanborn, Iowa
Sanborn Savings Bank
Sanborn, Iowa*
FR - 12-14-88
N - 11-30-88
Y-2
Foresight Financial Group, Inc.
Freeport, Illinois
Northwest Funding Co.
Rockford, Illinois
Northwest Bank of Rockford
Rockford, Illinois*
FR - 12-30-88
N - **
Wellington Bancorp, Inc.
Springfield, Illinois
Community Bank
Hoopeston, Illinois*
FR - 12-30-88
N - **
Federal Reserve Bank of Chicago
Section II - Applications Sub.iect to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date
Type
Application
Y-l
First National Bank of Blue Island Employee
Stock Ownership Trust
Blue Island, Illinois
Great Lakes Financial Resources, Inc.
Blue Island, Illinois
First National Bank of Blue Island
Blue Island, Illinois
Community Bank of Homewood-Flossmoor
Homewood, Illinois*
FR - 1-30-89
N - **
Y-l
J. H. Acquisition Corp.
Racine, Wisconsin
Rock County Bancorp
Janesville, Wisconsin
The Rock County National Bank of Janesville
Janesville, Wisconsin
Rock County Savings and Trust Company
Janesville, Wisconsin*
FR - **
N - **
Y-l
Johnson Heritage Bancorp, Ltd.
Racine, Wisconsin
Rock County Bancorp
Janesville, Wisconsin
The Rock County National Bank of Janesville
Janesville, Wisconsin
Rock County Savings and Trust Company
Janesville, Wisconsin*
Y-2
Midwest Financial Group, Inc.
Peoria, Illinois
Peoples Mid-Illinois Corporation
Bloomington, Illinois
Peoples Bank
Bloomington, Illinois*
Y-2
PMI Acquisition Corporation
Peoria, Illinois
Peoples Mid-Illinois Corporation
Bloomington, Illinois
Peoples Bank
Bloomington, Illinois*
FR - **
H
_ **
FR - **
N - **
FR - **
N - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Type
Application
Y-2
Princeton Agency, Inc.
Princeton, Iowa
LeClaire Agency, Inc.
LeClaire, Iowa
LeClaire State Bank
LeClaire, Iowa*
Y-l
Y-2
Chandlerville Bancshares, Inc.
Chandlerville, Illinois
Peoples State Bank of Chandlerville
Chandlerville, Illinois*
Marshall & IIs ley Corporation
Milwaukee, Wisconsin
M&I Greater Waukesha Bank (in organization)
Pewaukee, Wisconsin*
Comment Period
Ending Date
FR - **
U
_ **
FR - **
U
_ **
FR - **
U
_ **
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
Type
Application
Y-4
Sandwich Banco, Inc.
Sandwich, Illinois
Northern Illinois Finance Company
Plano, Illinois
FR - 12-29-88
4(c)(8)
NBD Bancorp, Inc.
Detroit, Michigan
Community Development Corporation
Detroit, Michigan
FR - 12-22-88
4(c)(8)
First Independence Corporation
Detroit, Michigan
First Independence Courier Services, Inc.
Detroit, Michigan
FR - **
4(c)(8)
Irwin Union Corporation
Columbus, Indiana
Irwin Union Capital Corporation
Columbus, Indiana
FR - **
4(c)(8)
Irwin Union Corporation
Columbus, Indiana
Irwin Union Capital Markets, Inc.
Columbus, Indiana
FR - **
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
Type
Application
4(c)(8)
Exchange Bancorp, Inc.
Chicago, Illinois
Exchange Securities Corporation
Hallandale, Florida
FR - **
4(c)(8)
NBD Bancorp, Inc.
Detroit, Michigan
Serve Corps Mortgage Corp.
Downers Grove, Illinois
■FR - **
4(c)(8)
WCN Bancorp, Inc.
Wisconsin Rapids, Wisconsin
Wood County Trust Company
Wisconsin Rapids, Wisconsin
FR - **
Section IV - Applications Not Subject to Federal Register Notice
Or Newspaper Notice
Type
Application
RoS
Maynard Savings Bancsharescorp
Maynard, Iowa
to redeem 49,000 shares (49%) of outstanding 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
* Section 3(a)(3) application by First
of Searcy, Inc., Searcy, Arkansas,
to acquire 24.15 percent of Baxter
County Bancshares, Inc., Mountain
Home, Arkansas, a bank holding company
in formation
(Newspaper 1-9-89)
* Sections 3(a)(3) and 3(a)(1)
applications by Magna Group, Inc.,
Belleville, Illinois, and MCB
Acquisition Company, Belleville,
Illinois, to acquire New Holland
Farmers Bank, New Holland,
Illinois
(Newspaper 1-6-89)
* Section 3(a)(1) application by
West-Ark Bancshares, Inc.,
Clarksville, Arkansas, to acquire
Arkansas State Bank, Clarksville,
Arkansas
(Newspaper 12-16-88)
* Section 3(a)(3) application by
Old National Bancorp, Evansville,
Indiana, to acquire The First
National Bank of Harrisburg,
Harrisburg, Illinois
(Not available)
* Section 3(a)(3) application by
Old National Bancorp, Evansville,
Indiana, to acquire Morganfield
National Service Corp., Morganfield,
Kentucky
(Not available)*
*
This application is subject to CRA.
Federal Reserve Bank of St. Louis
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Stock redemption notification by
Caddo Holding Company, Glenwood,
Arkansas
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
______ Newspaper Notice Only______
Comment Period
Ending Date
Application
First Western Bank Custer
Custer, SD
To purchase certain assets and
liabilities of the Hill City branch
of Rushmore State Bank, Rapid City,
South Dakota and establish a branch
in Hill City, South Dakota.*
Not yet available
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Jorgenson Holding Company
Kenmare, ND
To acquire Citizens State Bank
Mohall, ND*
Comment Period
Ending Date
12-30-88
(Federal Register)
Norwest Corporation
Minneapolis, MN
To merge with The Eank Group,
Inc., Wayzata, MN, which owns
The Bank North, Crystal, MN;
The Bank Excelsior, Excelsior, MN;
and The Bank Wayzata, Wayzata, MN.*
Not yet available
First State Bank of Fort Benton Em
ployee Stock Ownership Plan
To increase its ownership to 17.62Z
of the voting shares of Choteau
County Bancshares, Inc., Ft. Benton,
MT.
12-29-88
(Federal Register)
Citizens Investment Co., Inc.
Glenville, MN
To acquire Frost State Bank,
Frost, MN*
Not yet available
Carl Skarphol
To acquire control of 18.181 of
the voting shares of State Bank of
Bottineau Holding Company, Bottineau,
ND.
Not yet available
^Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Application
Lakota Bank Holding Company, Inc.
Lakota, ND
To engage in operating a general in
surance agency in a place of less
than 5,000 through the acquisition
of Anderson Agency of Lakota, Inc.,
Lakota, ND. The activity will be
conducted in Lakota, ND.
Comment Period
Ending Date
12-29-88
Norvest Corporation
Minneapolis, MN
To engage in mortgage banking activi
ties through the acquisition of Vayzata
Mortgage Company, Plymouth, MN. The
activity will be conducted from an
office in Plymouth, MN.
Not yet available
Norvest Corporation
Minneapolis, MN
To engage in general insurance agency
activities through the acquisition
of The I.F.M. Group, Inc., Wayzata,
MN. The activity will be conducted
from offices in Wayzata and Crystal,
MN.
Not yet available
Winter-Park Bancshares, Inc.
Exeland, WI
To engage de novo in operating a
general insurance agency in a place
with a population of less than 5,000.
The activity will be conducted in
Owen, Gilman & Park Falls, VI.
Not yet available
First Bank System, Inc.
Minneapolis, MN
To acquire and manage classified and
other low quality assets from the
bank subsidiaries of its direct bank
holding company subsidiary, Central
Bancorporation, Inc., Denver, CO.
The activity will be conducted in
Colorado through FBS Credit Services,
Inc.
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.
Federal Reserve Bank of Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
COMMENT PERIOD ENDING DATE
L a w t o n F i n a n c i a l Corp., Lawton,
O k l a h o m a , for p r i o r approval to
a c q u i r e 1 0 0 p e r c e n t of the v o t i n g
shares of F i r s t C h a t t a n o o g a
C o r p o r a t i o n , C h a t t a n o o g a , Oklahoma,
p a r e n t of T h e F i r s t Bank of
Chattanooga, Chattanooga,
Oklahoma.*
No t A v a i l a b l e
F r e d e r i c k M. H a y n e s and R i c h a r d W.
Newman, b o t h of Englew o o d ,
C o l o r a d o , a n d H e r b e r t H. Maruyama,
L a k e w o o d , C o l o r a d o , for prior
a p p r o v a l t o i n c r e a s e each of their
p r o p o r t i o n a t e o w n e r s h i p interest of
F r o n t i e r B a n c o r p o r a t i o n of Denver,
Inc., D e n v e r , C o l o r a d o , by 9.81
p e r c e n t t o 2 6 . 4 9 percent.
No t A v a i l a b l e
Lindoe, Inc., O r d way, Colorado, for
prior a p p r o v a l to a c q u i r e 5.01
p e r c e n t of th e v o t i n g shares of
P u e b l o B a n c o r p o r a t i o n , Pueblo,
C o l o r a d o , p a r e n t of P u e b l o Bank &
T r u s t Co., P u e b l o , C o l o rado.*
N ot A v a i l a b l e
C o n w a y B a n c o r p , Inc., Conw a y
Springs, K a n s a s , for prior a p p r o v a l
to b e c o m e a b a n k h o l d i n g com p a n y
t h r o u g h t h e a c q u i s i t i o n of 72
p e r c e n t of t h e v o t i n g shares of T h e
State B a n k of C o n w a y Springs,
Conway Springs, Kansas.*
December
23,
1988
Federal Reserve Bank of Kansas City
C h a r l e s G. Smith, Omaha, Ne b r a s k a ,
for p r i o r a p p r o v a l to a c q u i r e 20
p e r c e n t of the v o t i n g s h a r e s of
N o r t h Fork C o r p o r a t i o n , Paonia,
C o l o r a d o ; Jack G. Leng e m a n n , Omaha,
N e b r a s k a , for p r i o r a p p r o v a l to
a c q u i r e 5 perce n t ; A n n e M.
A n d e r s o n , as C u s t o d i a n for G o r d o n
A n d e r s o n , under the U n i f o r m G i f t to
M i n o r s Act, T h e d f o r d , Nebra s k a , for
p r i o r a p p r o v a l to a c q u i r e 16.67
p e r c e n t ; A n n e M. An d e r s o n ,
T h e d f o r d , Nebra s k a , for pri o r
a p p r o v a l to a c q u i r e 16.67 p e rcent;
L a w r e n c e F. C h a n d l e r T r u s t and
L a w r e n c e F. Chand l e r , Jr., T r ustee,
B e l l e v u e , Nebra s k a , for p r ior
a p p r o v a l to a c q u i r e 8.33 p e rcent;
a n d R e e v a C h a n d l e r Trust, L a w r e n c e
F. C h a n d l e r and L a w r e n c e F.
C h a n d l e r , Jr., Trust e e s , B e l l e v u e ,
N e b r a s k a , for prior appro v a l to
a c q u i r e 16.67 percent.
December
16,
1988
W i l l i a m R yneck Horton, Sasche,
T e x a s , for p r i o r a p p r o v a l to
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 of R a w l i n s B a n c s h a r e s ,
Inc., A t w ood, Kansas, by 28.12
p e r c e n t to 38.32 percent.
December
12,
1988
M e l v i n W i n g e r , Johns o n , Kansas, and
J o h n Levi s, Syra c u s e , K a nsas, for
p r i o r a p p r o v a l to i n c r e a s e each of
their proportionate ownership
i n t e r e s t of S y r a c u s e F i n a n c i a l
C o m p a n y , S yracuse, Kansas, b y 7.39
p e r c e n t to 31.12 percent.
December
12,
1988
N y l e E. Barlow, Br o o m f i e l d ,
C o l o r a d o , for a p p r o v a l to r e t a i n
2 3 . 6 4 p e r c e n t of the v o t i n g s h a r e s
of F r o n t R a n g e C a p i t a l C o r p o r a t i o n ,
L a f a y e t t e , C o l orado.
December
6,
1988
U n i t e d M i s s o u r i B a n c s h a r e s , Inc.,
K a n s a s City, M i s s o u r i , for pri o r
a p p r o v a l to a c q u i r e 90 p e r c e n t of
the v o t i n g shares of M o n r o e C ity
Bank, M o n r o e City, M i s s o u r i . *
December
9,
1988
Federal Reserve Bank of Kansas City
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
K i m b a l l B a n c o r p , Inc., Kimball,
N e b r a s k a , for p r i o r a p p r o v a l to
e n g a g e de n o v o in p r o v i d i n g
m a n a g e m e n t c o n s u l t i n g servic es to
depository institutions.
No t A v a i l a b l e
A f f i l i a t e d B a n k s h a r e s of Colorado,
Inc., D e n v e r , C o l o r a d o , for prior
ap p r o v a l to e n g a g e de novo in
sel l i n g c r e d i t life, disabil ity, or
i n v o l u n t a r y u n e m p l o y m e n t insurance
and to e n g a g e de n o v o in insurance
a g e n c y a c t i v i t i e s in a town of less
than 5 , 0 0 0 p e r s o n s .
December
21,
1988
SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
W i n s i d e B a n c s h a r e s , Inc., Winside,
Nebraska, for p r i o r appro v a l to
r e deem 100 s h a r e s of its own v o t i n g
c o mmon stock.
♦ A p p l i c a t i o n is s u b j e c t to CRA.
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 5, 1988
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
Lower Rio Grande Valley Bancshares, Inc., Employee
Stock Option Plan, La Feria, TX to acquire Lower
Rio Grande Valley Bancshares, Inc., La Feria, TX and
First National Bank of La Feria, La Feria, TX
88/11/11
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 12/09/88
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
None
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Siegel & Feldstein Voting Trust, Los
Angeles, California, to increase
voting shares from 20 percent to 35
percent of Griffin Holdings, Inc.,
Los Angeles, California.
Newspaper:
Not available
Fed. Rea.:
11/28/88
FISCORP, Inc., Salt Lake City, Utah, to
become a bank holding company through
the acquisition of Pioneer Bank,
Salt Lake City, Utah. *
Newspaper:
12/24/88
Fed. Req.:
12/16/88
Frank or Rosaline Kiang to retain owner
ship of 17.32 percent and to increase
ownership up to 24.9 percent of Met
Financial Corp., Oakland, California.
Newspaper:
12/31/88
Fed. Req.:
12/27/88
Section III - Applications Sub.iect to Federal Register Notice Only
Security Pacific Corporation, Los Angeles,
California, to acquire Burns Fry Hoare
Govett, Inc., New York, New York, and
engage in brokerage, advisor and private
placement activities.
Fed. Reg.: Not yet published
The Mitsubishi Bank, Ltd., Tokyo, Japan,
to engage, indirectly, in acting as a
futures commission merchant through their
subsidiary, MBL Futures, Inc., Chicago,
111inois.
Fed. Reg.:
1/03/89
Wells Fargo & Company, San Francisco,
California, to acquire Perpetual
Federal Savings Association, Santa Ana,
California.
Fed. Reg.:
12/20/88
The Dai-Ichi Kangyo Bank, Limited, Tokyo,
Japan, to engage de novo in permissible
nonbanking activities through DKB
Securities, Corporation, New York, N.Y.
Fed. Reg.: Not yet published
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
First Interstate of Hawaii, Honolulu,
Hawaii, to redeem certain equity
securities for a consideration in
excess of 10 percent of the bank
holding company's consolidated net
worth.
* Subject to CRA.
@FedFRASER