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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2 1972 No. 51 Applications and Reports Received or Acted on During the Week Ending December 16, 1972 District 7 Date Current Report Filed Pursuant to Section 13 of the Securities Exchange Act Received Sears Bank and Trust Company, Chicago, Illinois. (November 1972) * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Bankers Trust Company, New York, New York, Branch to be established at 1704 Avenue M, Brooklyn, Kings County. The Union Commerce Bank, Cleveland, Ohio. Branch to be established at Martin Luther King Jr. Plaza Shopping Center, Wade Park and Crawford Road, Cleveland, Cuyahoga County. Jeff Davis Bank & Trust Company, Jennings, Louisiana. Branches to be established at the following locations: A. West Division Street near South Lake Arthur Avenue, Jennings. B. 8 Roberts Avenue near North Cutting Avenue, Jennings. Vandalia State Bank, Vandalia, Missouri. Branch to be established one block east of Main Street on U. S. Highway 54, Farber. 12-8-72 11.2 1972 No. 51 -2- 2 Approved ^Manufacturers Hanover Trust Company, New York, New York. Branches to be established at the following locations: A. Northeast corner of Baltic Place, intersection of New York and Albany Post Roads (Route 9A), (unincorporated area) Town of Cortland, Westchester County. B. 320 Park Avenue, New York. *Bank of Virginia-Central, Richmond, Virginia, Branch to be established at 6809 Midlothian Turnpike, Richmond. 6 *Jeff Davis Bank & Trust Company, Jennings, Louisiana. Branches to be established at the following locations: A. West Division Street near South Lake Arthur Avenue, Jennings. B. 12 Roberts Avenue near North Cutting Avenue, Jennings. *Bank of Idaho, Boise, Idaho. Branch to be established in Grand Central Shopping Center, City of Pocatello, Bannock County. * 3 4 •k k "k "k To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Approved The Fidelity Bank, Rosemont, Pennsylvania. Branch to be established in London, England. Winters National Bank and Trust Company, Dayton, Ohio, Branch to be established in Georgetown, Grand Cayman, Cayman Islands. ^Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1972 No. 51 - 3Approved Continued First Union National Bank of North Carolina, Charlotte, North Carolina. Branch to be established in Georgetown, Grand Cayman, Cayman Islands. Northwestern National Bank of Minneapolis, Minneapolis, Minnesota. Branch to be established in Luxembourg. * * * * * 2 Thirty Day Notice of Intention to Establish An Additional Branch in a Foreign Country Approved The Chase Manhattan Bank, N. A., New York, New York. Branch to be established in Hong Kong, to be located in Hunghom. -k 2 11 * * * * 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 Received Provident National Bank, Philadelphia, Pennsylvania. To organize a corporation to be known as Provident International Bank, New York. Approved First City National Bank of Houston, Houston, Texas. To organize a corporation to be known as First City International Corporation of Texas, Houston. Vx' -k Vc To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Received Alabama Bank of Guin, Guin, Alabama for prior approval to merge with Marion County Banking Company, Guin, Alabama. BOL State Bank, Lansing, Michigan for prior approval to merge with Bank of Lansing, Lansing, Michigan. -5H.2 1972 No. 51 7 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received **K.B.J. Enterprises, Inc., Sibley, Iowa, for prior approval to acquire 80 per cent or more of the voting shares of Sibley State Bank, Sibley, Iowa. 7 Manufacturers National Corporation, Detroit, Michigan, for prior approval to acquire 100 per cent (less directors1qualifying shares) of the voting shares of the successor by merger to Manufacturers National Bank of Detroit, Detroit, Michigan. 7 Rock County BanCorp, Janesville, Wisconsin, for prior approval to acquire 80 per cent or more of the voting shares of The Rock County National Bank of Janesville, and Rock County Savings and Trust Company, both in Janesville, Wisconsin. 10 The Citizens Agency, Inc., Minneapolis, Kansas, for prior approval to acquire 60 per cent of the voting shares of The Citizens National Bank of Minneapolis, Minneapolis, Kansas. 10 Federal National Bankshares, Inc., Shawnee, Oklahoma, for prior approval to acquire 98.97 per cent of the voting shares of The Federal National Bank & Trust Company of Shawnee, Shawnee, Oklahoma. 10 The First National Holding Company, Oklahoma City, Oklahoma, for prior approval to acquire 1,992,500 voting shares of The First National Bank and Trust Company of Oklahoma City, Oklahoma City, Oklahoma. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 12-12-72 H.2 1972 No. 51 Approved Frisco-Dillon, Inc., Lincoln, Nebraska, for prior L-eilL or UJ. more lUUie of UJ± . U per pel cent approval to acquire 81.8 the voting shares of Summit County Bank, Frisco, Frisco Colorado 10 12 **Utah Bancorporation, Salt Lake City, Utah, for prior approval to acquire 100 per cent of the voting shares of the successor by merger to Valley Bank & Trust Company, Salt Lake City, Utah. To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received The Alabama Financial Group, Inc., Birmingham, Alabama, for prior approval to acquire not less than 80 per cent of the voting shares of the successor by merger to Marion County Banking Company, Guin, Alabama. 6 6 12-11-72 **Combanks Corporation, Winter Park, Florida, for prior approval to acquire not less than 98.8 per cent of the voting shares of The Commercial Bank at Union Park (P.O. Orlando), Florida, a proposed new bank. 6 12-14-72 Doraco, Incorporated, Doraville, Georgia, for approval to retain 58.23 per cent of the voting shares of The Northeast Commercial Bank, Doraville, Georgia. Florida National Banks of Florida, Inc., Jacksonville, Florida, for prior approval to acquire 90 per cent or more of the voting shares of Bank of Commerce of Florida, Fort Lauderdale, Florida. 7 Jackman Management, Janesville, Wisconsin,for prior approval to acquire 52.73 per cent of the voting shares of The Rock County National Bank of Janesville, Janesville, Wisconsin. 7 Jackman Management, Janesville, Wisconsin, for prior approval to acquire 51.87 per cent of the voting shares of Rock County Savings and Trust Company, Janesville, Wisconsin. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 1972 No. 51 10 5 6 -7- Received Continued Preferred Investment Shares, Inc., Denver, Colorado, for permission to retain 13,693 of the additional voting shares of Center State Bank, Denver, Colorado. Approved Fidelity American Bankshares, Inc., Lynchburg, Virginia, for prior approval to acquire 90 per cent or more of the voting shares of Citizens Commonwealth Corporation, Charlottesville, Virginia, thereby acquiring indirectly its wholly-owned subsidiary, Citizens Bank and Trust Company of Charlottesville, Charlottesville, Virginia. **Florida Commercial Banks, Inc., Miami, Florida, for prior approval to acquire 80 per cent or more of the voting shares of Florida Commercial Bank of Vero Beach, Vero Beach, Florida, a proposed new bank. 10 Commerce Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire more than 80 per cent of the voting shares of Lexington Bank & Trust Company, Lexington, Missouri. 11 First National Bank in Dallas, Dallas, Texas, and First National Securities Company in Dallas, Dallas, Texas, for approval to retain 1,029 voting shares of Citizens State Bank of Irving, Irving, Texas. 11 First National Bank in Dallas, Dallas, Texas, and First National Securities Company in Dallas, Dallas, Texas, for approval to retain 743 voting shares of De Soto State Bank, De Soto, Texas. 11 Texas Commerce Bancshares, Inc., Houston, Texas, for prior approval to acquire 95 per cent or more of the voting shares of The Citizens National Bank of Lubbock, Lubbock, Texas. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 12-13-72 Approved Continued Texas Commerce Bancshares, Inc., Houston, Texas, for prior approval to acquire 90 per cent or more of the voting shares of Lakeside Commerce Bank, Houston, Texas, a proposed new bank. Texas Commerce Bancshares, Inc., Houston, Texas, for prior approval to acquire 100 per cent (less directors! qualifying shares) of the voting shares of Westwood Commerce Bank, Houston, Texas, a proposed new bank. * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Received First Oklahoma Bancorporation, Inc., Oklahoma City, Oklahoma, for prior approval to merge with The First National Holding Company, Oklahoma City, Oklahoma. Correction: On H.2 No. 50, the Board reported,under section 3 (a)(3), receipt of an application from Mountain Banks, Ltd., Colorado Springs, Colorado, for prior approval to acquire 100 per cent of the voting shares of Boulder National Bank, Boulder, Colorado. This should have been reported as follows: Mountain Banks, Ltd., Colorado Springs, Colorado, for prior approval to merge with Boulder National Corporation, Boulder, Colorado. Withdrawn On H.2 No. 49, the Board reported receipt of an application from D. H. Baldwin Company, Cincinnati, Ohio, for prior approval to merge with Baldwin-Central, Inc., Cincinnati, Ohio. In a letter dated December 8, 1972, Applicant requested that the application be withdrawn. -9H. 2 1972 No. 51 6 To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received First National Holding Corp., Atlanta, Georgia, for prior approval to acquire all of the outstanding shares of Woods-Tucker Leasing Corporation, Hattiesburg, Mississippi. 6 **Great American Corporation, Baton Rouge, Louisiana, notification of intent to engage in a de novo activity (making and acquiring, for its own account, loans, discounts, acceptances, and other extensions of credit, and other such business as is customarily engaged in by a consumer credit or finance company) in Monroe, Louisiana, through its present subsidiary, Ambank Acceptance Corporation, doing business as American Acceptance Associates. 12-11-72 6 **Hamilton Bancshares, I n c C h a t t a n o o g a , Tennessee, notification of intent to engage in a de novo activity (providing mortgage banking services in Georgia and Florida) through its present subsidiary, Hamilton Mortgage Corporation in Orlando, Florida; and Savannah, Georgia. 12-11-72 10 10 The Citizens Agency, Inc., Minneapolis, Kansas, for permission to continue to engage in insurance activities. **Herington Bancshares, Inc., Herington, Kansas, notification of intent to continue to engage in a de novo activity (sale of credit life insurance) in Herington, Kansas. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 12-11-72 H.2 1972 No. 51 -10Approved First National City Corporation, New York, New York, for prior approval to acquire 100 per cent of the voting shares of Acceptance Finance Company, Clayton, Missouri. Fidelity American Bankshares, Inc., Lynchburg, Virginia, for prior approval to acquire shares of Blue Ridge Finance Corporation, Crozet, Virginia. Fidelity American Bankshares, Inc., Lynchburg, Virginia, for prior approval to acquire shares of Citizens Mortgage Corporation, Charlottesville, Virginia. 5 Northern Virginia Bankshares Incorporated, Arlington, Virginia, for prior approval to acquire all of the voting shares of Falls Church Mortgage Corporation, Falls Church, Virginia. 6 - 12 Permitted **Central and State National Corporation of Alabama, Birmingham, Alabama, to engage in de novo activities (performing or carrying on any one or more of the functions or activities that may be performed or carried on by a trust company (including activities of a fiduciary, agency, or custodian nature) in the manner authorized by state law) through a subsidiary known as Central Trust Company in Birmingham, Alabama. Suspended **0n H.2 No. 49, the Board reported as permitted Marine Bancorporation, Seattle, Washington, to engage in a de novo activity (acting as insurance agent or broker, in the offices of Commerce Credit Company, with respect to insurance that is directly related to an extension of credit by Commerce Credit Company or is otherwise sold as a matter of convenience to the purchaser) through its wholly-owned subsidiary, Commerce Credit Company (formerly King County Building Co.,) doing business as Commerce Aviation Company. Such activities were to be conducted at 1100 Second Avenue and 1331 North Northlake Way, Seattle, Washington. This permission has been suspended by the Federal Reserve Bank of San Francisco. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 12-12-72 12-13-72 -11- H. 2 1972 No. 51 10 Withdrawn **Boulder National Corporation, Boulder, Colorado, notification of intent to continue to engage in a de novo activity (sale of credit life and disability insurance related to the extension of credit by the holding company and its subsidiaries and to engage in de: novo activities (selling: (1) property, casualty, liability, and fidelity insurance to the holding company and its subsidiaries; (2) health, accident, and group term life insurance on employees of the holding company and its subsidiaries; (3) property and casualty insurance on real or personal property that is pledged or mortgaged to secure the extension of credit by the holding company or its subsidiaries and (4) other types of insurance necessary in connection with fiduciary activities of subsidiary banks) through a subsidiary known as Boulder National Agency, Boulder, Colorado. * 4 4 * * * To Expand a Bank Holding Company Pursuant to Section 4(c) (12) of the Bank Holding Company Act of 1956 Received **American Financial Corporation, Cincinnati, Ohio, notification of intent to acquire National General Corporation, Los Angeles, California, a holding company with interest primarily in insurance, publishing, and motion picture operations. **Citizens Financial Corporation, Cleveland, Ohio, notification of intent to acquire 40 per cent of the outstanding common shares of J.E.A. Properties, Inc., Houston, Texas, a newly formed company that will acquire 100 per cent of the stock of TDI Services, Inc. which is a holding company manufacturing, marketing, and servicing highly specialized products used in drilling oil and gas wells• **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 12-11-72 12-13-72 12-15-72 -12- H. 2 1972 No. 51 7 4 2 Received Continued **Lumbermens Mutual Casualty Company, Long Grove, Illinois, notification of intent to acquire all the outstanding stock of Smith Insurance Agency, Inc., and Harris Insurance Agency, Inc., both of New London, Connecticut, which are engaged to act as insurance agents for all types of insurance, indirectly through its subsidiary, Kemperco, Inc., Long Grove, Illinois. Accelerated ^American Financial Corporation, Cincinnati, Ohio, notification of intent to acquire National General Corporation,Los Angeles, California, a holding company with interest primarily in insurance, publishing, and motion picture operations. Permitted **The Sperry and Hutchinson Company, New York, New York, to acquire Sjostrom U.S.A., Inc., Philadelphia, Pennsylvania, a subsidiary of Pilot Woodworking Company, Inc., Carlstadt, New Jersey, through its wholly-owned subsidiary, The Gunlocke Company, Inc., Wayland, New York. 12-15-72 12-13-72 12-10-72 4 **American Financial Corporation, Cincinnati, Ohio, 12-15-72 to acquire the Oak Savings and Loan Company, Cincinnati, Ohio, through a merger with its wholly-owned subsidiary, Hunter Savings Association, Cincinnati, Ohio. 7 **Marcor Inc., Chicago, Illinois, to acquire National Notions, Inc., Dallas, Texas, which is engaged in the distribution of notions and other small ticket items, indirectly through its whollyowned subsidiary, Montgomery Ward & Co., Incorporated, Chicago, Illinois. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 12-11-72
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