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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1981 No. 50)
Actions of the Board; Applications and Reports
Received During the Week Ending December 12, 1981
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Cleveland
Banc One Corporation, Columbus, Ohio, extension of time
to April 1, 1982, within which to acquire the Union
National Bank of Youngstown, Youngstown, Ohio. 1/
Chicago
Cedar Linn Investment Co., Lisbon, Iowa, extension
time to January 10, 1982, within which to become
bank holding company through acquisition of 98.9
cent or more of the voting shares of Lisbon Bank
Trust Company, Lisbon, Iowa. \J
Dal las
Continental National Bancshares, Inc., El Paso, Texas,
extension of time to January 8, 1982, within which to
acquire Continental National Bank, El Paso, Texas. \J
Chicago
Elgin National Bancorp, Inc., Elgin, Illinois, extension of time to January 15, 1982, within which to
become a bank holding company through acquisition of
80 percent or more of the voting shares of Elgin
National Bank, Elgin, Illinois. 2/
Atlanta
First Englewood Bank Corp., Englewood, Florida, extension
of time to February 22, 1982, within which to become a
bank holding company through acquisition of Englewood
Bank and Trust, Englewood, Florida. J j
St. Louis
First Missouri Banks, Inc., Manchester, Missouri, extension
of time to November 2, 1982, within which to open First
Missouri Bank of Washington, Washington, Missouri, a
proposed new bank. JL/
Atlanta
Florida Bankshares, Inc., Hollywood, Florida (subsequently
acquired by Flagship Banks, Inc., Miami, Florida) extension of time to March 14, 1982, within which to acquire
additional shares of First National Bank of Sebring, Sebring,
Florida. 1/
1/
of
a
perand
Application processed on behalf of the Board of Governors under delegated
authority.
2, 1981 No. 50
-
2
-
ACTIONS OF THE BOARD-Cont inued
Chicago
F & M Bankshares, Inc., Marinette, Wisconsin, extension of
time to February 14, 1982, within which to become a bank
holding company through acquisition of 100 percent of the
capital stock of Citizens Bank of Marinette, Marinette,
Wisconsin. JJ
Cleveland
Interstate Financial Corporation, Dayton, Ohio, extension
of time to January 31, 1982, within which to acquire
Third National Bank and Trust Company, Dayton, Ohio.
1/
Chicago
Leland National Bancorp, Inc., Leland, Illinois, extension
of time to February 18, 1982, within which to become a
bank holding company through acquisition of 100 percent
of the voting shares of the successor by merger to Leland
National Bank, Leland, Illinois. \J
Chicago
Metro Bancorp, Inc., Farmington Hills, Michigan, extension
of time to January 15, 1982, within which to become a
bank holding company through acquisition of 100 percent
of the voting shares of the successor by merger to
Meropolitan National Bank of Farmington, Farmington Hills,
Michigan. 1/
Kansas City
Omnibancorp, formerly Mountain Financial Services, Inc.,
Denver, Colorado, extension of time to April 27, 1982,
within which to acquire Southeast Parker Road National
Bank, Arapahoe County, Colordo. \J
Dallas
Southwest Bancshares, Inc., Houston, Texas, extension of
time to February 14, 1982, within which to acquire and
open Copperfield National Bank, Harris County, Texas, a
proposed new bank. Ij
Dallas
Southwest Bancshares, Inc., Houston, Texas, extension of
time to January 5, 1982, within which to acquire The
First National Bank of Euless, Euless, Texas. 1/
Philadelpia
First Pennsylvania Overseas Corporation, Philadelphia, Pennsylvania, extension of its corporate existence to February
13, 2002. 1/
Atlanta
North First Bank, North Fort Myers, Florida, an investment
in bank premises. \J
Atlanta
Northern Virginia Bank, Springfield, Virginia, an investment
in bank premises. JL/
1/
Application processed on behalf of the Board of Governors under delegated
authority.
1
.2, 1981 No. 50
- 3
ACTIONS OF THE BOARD-Continued
Dallas
Bank of El Paso, N.A., El Paso, Texas, proposed merger
with First International Bank in El Paso, N.A., El Paso,
Texas; report to the Federal Deposit Insurance Corporation
on competitive factors. \J
Atlanta
Central Bnk of Volusia County, South Daytona, Florida, proposed merger with Interim Bank, South Daytona, Florida;
report to the Federal Deposit Insurance Corporation on
competitive factors. \J
St. Louis
Citizens State Bank, Ownesboro, Kentucky, proposed merger
with New Citizens State Bank, Inc., Ownesboro, Kentucky;
report to the Federal Deposit Insurance Corporation on
competitive factors. \J
Atlanta
City National Bank of Birmingham, Birmingham, Alabama, proposed merger with Exchange National Bank of Birmingham,
Birmingham, Alabama; report to the Comptroller of the
Currency on competitive factors. JL/
Richmond
First Citizens Bank and Trust Company of South Carolina,
Columbia, South Carolina, proposed merger with Bank of
Chesterfield, Chesterfield, South Carolina; report to
the Federal Deposit Insurance Corporation on competitive
factors.1/
St. Louis
First Granite City National Bank, Granite City, Illinois,
proposed merger with Edison Avenue National Bank; report
to the Comptroller of the Currency on competitive factors.
1/
Atlanta
Guaranty Bank & Trust Company, Alexandria, Louisiana, proposed merger with New Guaranty Bank and Trust Company,
Alexandria, Louisiana; report to the Federal Deposit
Insurance Corporation on competitive factors. J7
Dallas
Valley National Bank, McAllen, Texas, proposed merger with
New Valley State Bank, McAllen, Texas; report to the
Federal Deposit Insurance Corporation on competitive
factors. 1/
1/
Application processed on behalf of the Board of Governors under delegated
authority.
i
— 4 —
•», 1981 No. 50
ACTIONS OF THE BOARD-Continued
To Establish a Domesite Branch Pursuant to Section
9 of the Federal Reserve Act
New York
Approved
The Bank of New York, New York, New York. To establish
an offsite electronic facility at Bell's Shopping Center,
4050 North Buffalo Road (Unincorporated area) Town of
Orchard Park, Erie County, New York. If
Richmond
Union Trust Company of Maryland, Baltimore, Maryland. To
establish a branch within the William Hill Manor Retirement Community near the intersection of Dutchman's Lane
and Route 50, Talbot County, Maryland. \J
Richmond
The Northern Virginia Bank, Springfield, Virginia. To
establish a branch at 12011 Lee Jackson Memorial Highway, Fairfax, Virginia. V
Atlanta
Commerce Union Bank of Rutherford County, Murfreesboro,
Tennessee. To establish a branch at 601 South Lowry
Street, Smyrna, Tennessee. \J
Atlanta
First City Bank of Gainesville, Gainesville, Florida. To
establish a branch at the northeast corner of N.W. 16th
Boulevard and 41st Street, Gainesville, Florida. JJ
Chicago
Bank of North Shore, Northbrook, Illinois. To establish
a branch at 106 Wilmot, Incorporated Deerfield, Illinois.
1/
San
Francisco
Tracy-Collins Bank and Trust Company, Salt Lake City, Utah.
To establish a branch office to be located at 4090 West
3500 South, West Valley City, Salt Lake County, Utah. JJ
San
Francisco
First Interstate Bank of California, Los Angeles, California.
To establish a branch office in the vicinity of the intersection of Alma Real and La Cruz Drives, Community of
Pacific Palisades, City of Los Angeles, California. JJ
San
Francisco
Union Bank, Los Angeles, California. To establish a branch
in the vicinity of the intersection of Clairemont Mesa
Boulevard and Convoy Street, City and County of San Diego,
California. 1/
\J
Application processed on behalf of the Board of Governors under delegated
authority.
H.2,
1981 No. 50
- 5 A C T I O N S O F THE BOARD-Continued
San
Franc i sco
County Bank of Santa Cruz, Santa Cruz, California.
To estabiish a branch office to be located at 105 Elmer Lane, City
of Scotts V a l l e y , Santa Cruz County, California. JJ
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Kansas City
Not Disapproved
Southside Bancshares, Inc., Kansas City, Missouri.
\J
* * * * *
Applications and Notifications for International Investments and Other A c t i o n s Pursuant to Sections 25 and
2 5 ( a ) of the Federal Reserve Act and Sections 4 ( c ) ( 9 )
and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956,
as amended
Philadelphia
San
Francisco
Approved
First Pennsylvania Overseas Finance Corporation, Philadelphia,
Pennsylvania:
to extend its corporate existence twenty
years to February 13, 2002. JL/
Sixty Day Notification Period Allowed to Expire
Security Pacific National Bank, L o s Angeles, California: no
objection to establish a branch in Hong Kong, B.C.C.
* * * * *
T o Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Cleveland
17
Approved
Mt. Vernon Bancshares, Inc., Mt. Vernon, Kentucky, for approval to acquire at least 83.9 percent of the voting
shares of The Bank of Mt. Vernon, Mt. Vernon, Kentucky. JJ
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1981 No. 50
6 ACTIONS OF THE BOARD-Continued
Atlanta
First Boaz Bancorporation, Boaz, Alabama, for approval to
acquire at least 80 percent of the voting shares of
First Bank of Boaz, Boaz, Alabama. I/
Chicago
Blanchartivilie Financial Services, Inc., Blanchardvilie,
Wisconsin, for approval to acquire at least 88.7 percent of the voting shares of The First National Bank
of Blanchardvi1le, Blanchardvi1le, Wisconsin. If
Chicago
Hayesvi1le Bancshares, Inc., Hayesville, Iowa, for approval to acquire at least 80 percent of the voting
shares of Hayesville Savings Bank, Hayesville, Iowa.
U
Chicago
National Canton Bancshares, Inc., Canton, Illinois, for
approval to acquire 100 percent of the voting shares
(less directors 1 qualifying shares) of the successor
by merger to The National Bank of Canton, Canton,
Illinois, y
St, Louis
First Midwest Bancorp., New Albany, Indiana, for approval
to acquire 100 percent of the voting shares of the successor by merger to Union Bank and Trust of New Albany,
New Albany, Indiana. \J
St. Louis
Holland Bancorp, Inc., Holland, Indiana, for approval to
acquire 100 percent of the voting shares of the successor by merger to The Holland National Bank, Holland,
Indiana. 1/
St. Louis
Lincoln County Bancorp, Inc., Troy, Missouri, for approval
to acquire at least 80 percent of the voting shares of
Peoples Bank of Lincoln County, Troy, Missouri and Winfield
Banking Company, Winfield, Missouri. J 7
St. Louis
Ohio Valley Bancorp, Inc., Henderson, Kentucky, for approval
to acquire at least 80 percent of the voting shares of
Ohio Valley National Bank of Henderson, Henderson,
Kentucky, j/
St. Louis
West Tennessee Bancshares, Inc., Bart lett, Tennessee, for
approval to acquire at least 81 percent of the voting
shares of Bank of Bart lett, Bartlett, Tennessee. If
Kansas City
Elmdale Bankshares, Inc., Elmdale, Kansas, for approval to
acquire at least 83 percent of the voting shares of The
Peoples Exchange Bank, Elmdale, Kansas. 1/
IJ
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1981 No. 50
- 7 ACTIONS OF THE BOARD-Continued
Dallas
Commonwealth Bancshares, Inc., Dallas, Texas, for approval
to acquire at least 80 percent of the voting shares of
Commonwealth National Bank of Dallas, Dallas, Texas. \ J
Dallas
Eden Bancshares, Inc., Eden, Texas, for approval to acquire
at least 85.5 percent of the voting shares of Eden State
Bank, Eden, Texas. 1/
*
* * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Cleveland
Approved
Society Corporation, Cleveland, Ohio, for approval to
acquire 100 percent of the voting shares of The
Citizens Bank, Hamilton, Ohio. \!
Richmond
NCNB Corporation, Charlotte, North Carolina, for approval
to acquire at least 81.496 percent of the voting shares
of The First National Bank of Lake City, Lake City,
Florida.
St. Louis
Union Planters Corporation, Memphis, Tennessee, for approval to acquire at least 80 percent of the voting
shares of Hamilton First Bank, N.A., Clinton, Tennessee.
1/
Dallas
Allied Bancshares, Inc., Houston, Texas, for approval to
acquire 100 percent of the voting shares of The First
National Bank of Giddings, Giddings, Texas. 1_/
Dallas
University Bancshares, Inc., Houston, Texas, for approval
to acquire 100 percent of the voting shares of First
Alief Bank, Houston, Texas. JV
\J
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1981 No. 50
-
8
-
ACTIONS OF THE BOARD-Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Atlanta
Approved
Florida National Banks of Florida, Inc., Jacksonville,
Florida, for approval to merge with Alliance Corporation, Jacksonville, Florida and indirectly acquire at
least 99.6 percent of the voting shares of Jacksonville
National Bank, Jacksonville, Florida.
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
New York
Richmond
3/
Permitted
Bankers Trust New York Corporation, New York, New York,
requests permission to establish a de novo office engaging in the following activities T T i ) the facilitation of and/or the making or acquiring for its own account or for the account of others, unsecured loans
(including real estate loans) and other extensions of
credit (including issuing letters of credit and accepting drafts); (ii) servicing loans and other extensions
of credit; and ( H i ) leasing real and personal property
and equipment or acting as agent, broker or adviser in
leasing such property; the leases will serve as the
functional equivalent of an extension of credit or such
leases will be on a full payout basis) at Plaza of the
Americas, Bryan & San Jacinto, Dallas, Texas, serving
the States of Arkansas, Louisiana, Mississippi, Oklahoma
and Texas, through its subsidiary, BT Southwest Inc.
(12/11/81) 3/
Maryland National Corporation, Baltimore, Maryland, notification of intent to engage in de novo activities
(engaging generally in the business of leasing personal
property (including, but not limited to, the leasing of
various types of equipment, machinery, vehicles, transportation equipment, and data processing equipment and
including conditional sales contracts and chattel mortgages) where the lease is the functional equivalent of
an extension of credit; originating, servicing, buying,
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
2, 1981 No. 50
- 9 ACTIONS OF THE BOARD-Continued
selling and otherwise dealing in personal property lease
contracts as principal or agent; acting as adviser in
personal property leasing transactions; engaging in the
sale, as agent or broker, of insurance similar in form
and intent to credit life and/or mortgage redemption
insurance; engaging generally in the business of leasing
real property where the lease is the functional equivalent
of an extension of credit; originating and servicing real
property leases as agent or broker for affiliated or nonaffiliated individuals, partnerships, corporations or
other entities; buying, selling and otherwise dealing in
real property leases as principal, agent or broker;
acting as adviser in real property leasing transactions;
engaging generally in commercial lending operations
including, but not limited to, secured and unsecured commercial loans and other extensions of credit to commercial
enterprises; and acting as advisor or broker in commercial
lending transactions) at Suite 101, Building F, 2517
Highway #35, Manasquan, New Jersey, serving the States
of New Jersey and New York, through its subsidiary,
Maryland National Leasing Corporation (12/6/81) 3/
Atlanta
Mountain Financial Company, Maryville, Tennessee, notification of intent to engage in de novo activities (in leasing
personal and real property or acting as agent, broker or
adviser in leasing such property) at 101 West Broadway,
Maryville, Tennessee, serving Blount County, Tennessee
counties in the Knoxville, Tennessee standard metropolitan
statistical areas, through its subsidiary, Mountain Leasing
Corporation (12/12/81) 3/
Chicago
Hill Investment Company, Jewell, Iowa, for approval to engage
de novo in the making of a debt investment in a limited
partnership which will invest in a project designed to
primarily promote community welfare; in particular to
develop multi-unit, low and moderate income rental housing for senior citizens age sixty two or over which will
be financed by a direct loan under Section 515 of the
Housing Act of 1949 where the rate of return on the debt
investment is limited to eight percent (12/12/81) 3/
3/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1981 No. 50
—
10 ~
APPLICATIONS RECEIVED
T o Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
New York
Barclays Bank of New York, Jericho, New York. To establish a branch office at 604 Broadhollow Road, Melville,
New York. 2/
San
Francisco
Union Bank, Los Angeles, California.
Branch office in
the vicinity of the intersection of Coliraa Road and
Azusa Avenue, City of Industry, Los Angeles County,
California. 2/
* * * * *
Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and
25(a) of the Federal Reserve Act and Section 4(c)(9)
and 4(c)(13) of the Bank Holding Company Act of 1956,
as amended
New York
Barclays Bank International Limited, London, England:
request approval of the issuance of a capital note
as an addition to capital structure of its Edge Corporation, Barclays International Banking Corporation.
New York
European American Bank & Trust Company, New York, New
York:
requests consent to retain its investment in
its wholly owned subsidiary, European American Bank
(Bahamas) Limited, Nassau, Bahamas ("Subsidiary 1 ')
after Subsidiary engages in fiduciary activities.
New York
Irving Trust Company, New York, New York:
prior notification of its intent to make investments in the gross
capital funds of International Commercial Bank, London,
England.
Clevleand
Pittsburgh Internetional Bank, Pittsburgh, Pennsylvania:
requests consent to make an additional investment in
Pittsburgh National, Seldon & Co. Limited, Sydney,
Australia.
2 / A p p l i c a t i o n 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, 1981 No. 50
- 11 APPLICATIONS RECEIVED-Cont inued
To Organize, or Invest in, a Corporation Doing
Foreign Banking and Other Foreign Financing Pursuant
to Section 25 or 25(a) of the Federal Reserve Act
New York
Atlantic Bank of New York, New York, New York and National
requests consent
Bank of Greece S.A., Athens, Greece:
to establish a Edge Act Corporation to be located in
New York, New York to be named NBG Atlantic International Corporation.
*
* * * *
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
New York
National Community Bank of New Jersey, Rutherford, New
Jersey:
requests consent to establish an initial branch
in the Cayman Islands.
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
New York
Banca Commercials Italiana, Milan, Italy, for approval to
acquire 100 percent of the voting shares of LITCO Bancorporation of New York, Inc., Garden City, New York
and indirectly acquire Long Island Trust Company,
Garden City, New York. 2/
Atlanta
Ballerton Corporation, N.V., Oviedo, Spain, for approval
to acquire at least 50 percent of the voting shares of
Totalbank Corporation of Florida, Miami, Florida and
indirectly acquire Totalbank, Miami, Florida. 2/
Atlanta
Coffee County Bancshares, Inc., Mancheter, Tennessee, for
approval to acquire at least 80 percent of the voting
shares of Coffee County Bank, Manchester, Tennessee. 2/
Atlanta
Leeds Bancgroup, Inc., Leeds, Alabama, for approval to
acquire at least 86.11 percent of the voting shares of
The Citizens Bank of Leeds, Leeds, Alabama. 2/
2J
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, 1981 No. 50
- 1 2 -
APPLICATIONS RECEIVED-Cont inued
Atlanta
Hilford, N.V., Oranjestad, Netherlands Antilles, for approval to acquire at least 40 percent of the voting
shares of Totalbank Corporation of Florida, Miami,
Florida and indirectly Totalbank, Miami, Florida. 2/
Chicago
Great Lakes Financial Resources, Inc, Blue Island,
Illinois, for approval to acquire 100 percent of the
voting shares (less directors 1 qualifying shares) of
the successor by merger to First National Bank of
Blue Island, Blue Island, Illinois. 2/
Chicago
Tonica Bancorp, Inc., Tonica, Illinois, for approval to
acquire at least 80 percent of the voting shares of
Tonica State Bank, Tonica, Illinois. 2/
Kansas City
Mason State Company, Mason City, Nebraska, for approval
to acquie at least 96.75 percent of the voting shares
of Mason State Bank, Mason City, Nebraska. 2/
Dallas
Bay Area Bancorp, Webster, Texas, for approval to acquire
100 percent of the voting shares of Bay Area Bank and
Trust, Webster, Texas. 2J
Dallas
Pioneer Bancshares Corporation, Shreveport, Louisiana, for
approval to acquire at least 80 percent of the voting
shares of Pioneer Bank & Trust Company, Shreveport,
Louisiana. 2/
Dallas
Snook Bancshares, Inc., Snook, Texas, for approval to
acquire 100 percent of the voting shares of First Bank
of Snook, Snook, Texas. 27
San
Francisco
RCB Corporation, Sacramento, California, for approval to
acquire 100 percent of the voting shares of River City
Bank, Sacramento, California. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Philadelphia
2J
Provident National Corporation, Philadelphia, Pennsylvania,
for approval to acquire 100 percent of the voting shares
(less directors 1 qualifying shares) of Provident of
Delaware Bank, Wilmington, Delaware, a proposed new
bank. 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.
2, 1981 No. 50
- 1 3 APPLICATIONS RECEIVED-Continued
Chicago
Commercial National Corporation, Peoria, Illinois, for
approval to acquire 100 percent of the voting shares
(less directors' qualifying shares) of the successor
by merger to University National Bank of Peoria,
Peoria, Illinois. 2/
Chicago
First Busey Corporation, Urbana, Illinois, for approval
to acquire 100 percent of the voting shares (less
directors' qualifying shares) of National Bank of
Urbana, Urbana, Illinois. 2/
Chicago
Youell Sales Department, Inc., Hanson, Iowa, for approval
to acquire an additional 35.6 percent of the voting
shares of Hanson State Bank, Hanson, Iowa. 2/
Kansas City
United Hissouri Bancshares, Inc., Kansas City, Hissouri,
for approval to acquire at least 80 percent of the
voting shares of Paris Savings Bank, Paris, Hissouri.
Dallas
Republic of Texas Corporation, Dallas, Texas, for approval
to acquire 100 percent of the voting shares of RepublicBank Barton Creek, National Association, Austin, Texas,
a proposed new bank. 7J
Dallas
Texas Commerce Bancshares, Inc., Houston, Texas, for approval to acquire 100 percent of the voting shares of
Texas Commerce Bank-Cypress Station, National Association,
Harris County, Texas, a proposed new bank. 2/
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Boston
2/
Shawmut Corporation, Boston, Hassachusetts, for approval to
merge with Worcester Bancorp, Inc., Worcester, Hassachusetts.
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, 1981 No. 50
-14APPLICATIONS RECEIVED-Continued
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston
Shawmut Corporation, Boston, Massachusetts, for approval
to acquire 100 percent of the voting shares of Wornat
Development Corporation, Worchester, Massachusetts.
Boston
Old Stone Corporation, Providence, Rhode Island, for approval to acquire up to 100 percent of the assets and
assume the liabilities of Pacific-Southern Mortgage
Trust, San Diego, California and thereby engage in the
activities of mortgage banking and real property leasing
on a full payout basis for the sole and limited purpose
of liquidating the assets acquired as part of the transaction.
New York
Chemical New York Corporation, New York, New York, requests
permission to establish d[e novo offices engaging in the
following activities (in generating and servicing loans
and other extensions of credit; making or acquiring
loans to customers; acquiring installment contracts from
retail sellers covering the time sales of goods and related
services; making or acquiring loans and other extensions
of credit to businesses (including extensions of credit
secured by personal property lease contracts; making
available to its debtors credit life, credit accident
and health, mortgage life, mortgage disability, and property and casualty insurances, all directly related to
extensions of credit; the service area of these offices
will be the States of Oklahoma and Arizona, respectively;
credit life and credit accident and health insurance
provided by these offices in connection with the proposed
activities will be reinsured through Sun States Life and/or
Great Lakes Insurance Companies, indirect subsidiaries of
Applicant) at 10640 North 28th Drive, Phoenix, Arizona
and 4431 NW 63rd Street, Oklahoma City, Oklahoma, through
its subsidiary, Sunamerica Corporation (12/9/81)
New York
Citicorp, New York, New York, requests permission to establish a de novo office engaging in the following activities
(making or acquiring, for its own account or for the account of others, commercial loans and other extensions of
credit; and leasing personal or real property or acting as
agent, broker or adviser in leasing such property and servicing such leases subject to all the qualifications
specified in 12 C.F.R. 225.4(a)(6)(a) and (b) where the
leases serve as the functional equivalent of an extension
of credit to the lessee of the property) at 20 Executive
Park, Irvine, California, through its subsidiary, Citicorp
Industrial Credit, Inc. (12/10/81)
\
1981 No. 50
- 1 5 APPLICATIONS RECEIVED-Cont inued
New York
Citicorp, New York, New York, requests permission to establish a de novo office engaging in the following activities
(making or acquiring, for its own account or for the account of others, commercial loans and other extensions of
credit; and leasing personal or real property or acting as
agent, broker, or advisor in leasing such property and servicing such leases subject to all of the qualifications
specified in 12 C.F.R. 225.4(a)(6)(a) and (b) where the
leases serve as the functional equivalent of an extension
of credit to the lessee of the property) at American Financial Center, Building #1, 2400 Louisiana Boulevard, N.E.,
Albuquerque, New Mexico, through its subsidiary, Citicorp
Industrial Credit, Inc. (12/9/81)
New York
Citicorp, New York, New York, requests permission to establish a de novo office engaging in the following activities
(leasing personal or real property or acting as agent,
broker, or advisor in leasing such property and servicing
such leases subject to all of the qualifications specified
in 12 C.F.R. 225.4(a)(6)(a) and (b) where the leases serve
as the functional equivalent of an extension of credit to
the lessee of the property) at 41 Perimeter Center East,
N.E., Atlanta, Georgia, through its subsidiary, Citicorp
Industrial Credit, Inc. (12/9/81)
Philadelphia
Provident National Corporation, Philadelphia, Pennsylvania,
notification of intent to engage in de novo activities
(in data processing activities, including the performance
of transfer agency services in connection with an integrated
financial services program available through certain national
brokerage firms on a nationwide basis) at 105 Foulk Road,
Wilmington, Delaware, serving geographic area, through its
subsidiary, Provident Financial Processing Corporation
(12/11/81)
Cleveland
AmeriTrust Corporation, Cleveland, Ohio, notification of
intent to engage in de novo activities (making or acquiring and servicing for its own account or for the account
of others, loans and extensions of credit including commercial loans secured by a borrower's inventory, accounts
receivable, making leases of personal property or acting
as agent, broker or advisor in leasing such property,
and other extensions of credit such as would be made by
a commercial finance company) at Three First National
Plaza, Chicago, Illinois, through a subsidiary, AT Financial Corporation (12/8/81)
H.2, 1981 No. 50
-16APPLICATIONS RECEIVED-Cont inued
Cleveland
Mei ion National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities
(underwriting, as reinsurer, credit life and credit accident and health insurance through Mellon Life Insurance
Company, Wilmington, Delaware, in connection with extensions of credit by Freedom Financial Services Corporation
in the State of Louisiana) (12/9/81)
Richmond
Dominion Bankshares Corporation, Roanoke, Virginia, notification of intent to engage in cte novo activities (mortgage
banking activities of originating residential, commercial,
industrial and construction loans for its own account and
for the sale to others, and servicing such loans for
others, and writing credit life, credit accident and
health and mortgage redemption insurance in connection
with such mortgage loans) at 2001 Augustine Avenue,
Fredericksburg, Virginia, through its subsidiary, Dominion
Bankshares Mortgage Corporation (12/9/81)
Atlanta
Fidelity Southern Corporation, Decatur, Georgia, notification of intent to engage in de novo activities (originating,
for its own portfolio or for others, first and second mortgage loans, servicing such mortgage loans, and acting as
agent or broker for the sale of credit life, credit accident and health insurance directly related to extensions
of credit) at 2255 Northlake Park, Tucker, Georgia, serving
fourteen counties comprising the greater Atlanta metropolitan area, through a subsidiary, Habersham Mortgage, Inc.
(12/7/81)
Chicago
Shaw Investment Company, New Hampton, Iowa, notification of
intent to engage in de novo activities (in bookkeeping and
data processing services for the internal operations of
Applicant and its subsidiaries, the storing and processing
of other banking financial, or related economic data such
as performing payroll, accounts receivable or payable, or
billing services) at 22 West Main Street, New Hampton, Iowa,
the geographic area to be served will be the communities
of New Hampton, Fredericksburg, and Sumner, Iowa and the
surrounding rural areas, through its subsidiary, Management
Reporting Systems, Ltd. (11/30/81)
Dallas
Pioneer Bancshares Corporation, Shreveport, Louisiana, for
approval to engage in certain nonbanking activities through
100 percent ownership of Zachary Taylor Life Insurance
Company, Shreveport, Louisiana,
H.2,
1981 No. 50
- 1 7 A F P L I C A T I O N S RECEIVED-Cont inued
San
Francisco
Peoples Ban Corporation, Seattle, Washington, for approval
to acquire 100 percent of the voting shares of Tellus
Financial Services, Inc., Seattle, Washington, through its
wholly-owned subsidiary, Peoples Mortgage Company.
* * * * *
REPORTS RECEIVED
None.
* * * * *
PETITIONS FOR RULEMAKING
None.
@FedFRASER