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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1989, No. 50 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending December 16, 1989 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Barnett Banks* Inc.* Jacksonville* Florida* Suncoast Bancorp* Inc.* Vero Beach* Florida* and First City Bancorp, Inc.* Marietta, Georgia — to acquire Barnett Bank of Southwest Georgia* Columbus* Georgia* the successor to Barnett Federal Savings Bank* and convert it into a state chartered bank. Approved* December 15* 1989. Citicorp* New York* New York* and Company* Phoenix* Arizona — to Great Western Insurance Agency* Corporation* and to continue to agency activities through these Approved* December 13* 1989. G.W.B. Holding retain shares of and United Security engage in insurance subsidiaries. Dai - Ichi Kangyo Bank* Limited* Tokyo* Japan — to acquire The CIT Group Holdings* Inc.* New York* New York* and engage in lending* leasing* and community development activities* and the sale of credit related insurance through CIT. Approved* December 15* 1989. Norwest Corporation* Minneapolis* Minnesota — to underwrite and deal in certain securities to a limited extent* and to engage in certain related securities activities, including acting as agent in the private placement of all types of securities, and buying and selling all types of securities on the order of investors as a riskless principal; and to engage in leasing activities, futures commission merchant activities* the provision of investment advice on futures contracts and options, and the purchase and sale of silver and gold bullion for the accounts of customers. Approved* December 15* 1989. Provident Bancorp* Inc.* Cincinnati* Ohio — to merge with Northern Kentucky Trustcorp* Alexandria, Kentucky; to acquire Northern Kentucky Bank and Trust Company; and to engage in consumer finance activities through acquisition of Northern Kentucky Financial Corporation* Florence* Kentucky Approved, December 13* 1989. H.2 DECEMBER 11, 1989 PAGE 2 TO DECEMBER 16, 1989 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BOARD OPERATIONS Equal Employment Opportunity — multi-year affirmative employment program for minorities and women. Approved, December 15, 1989. FORMS Daily Report of When Issued Commitments Outstanding (FR 2080) — to be discontinued. Proposed, December 12, 1989. Terms of Credit Card Plans (FR 2572) — a new r e p o r t . Approved, December 15, 1989. to implement INTERNATIONAL OPERATIONS Citibank, N.A., New York, New York — to retain shares of Saudi American Bank, Riyadh, Saudi Arabia, and engage in purchase/repurchase arrangements that are the functional equivalent of extensions of credit in Saudi Arabia. Approved, December 15, 1989. REGULATIONS AND POLICIES Regulation P — revision to reflect changes in the technology of security devices, and to implement changes made by the Financial Institutions Reform, Recovery and Enforcement A c t . Proposed, December 15, 1989. H.2 DECEMBER 11, 1989 PAGE 3 TO DECEMBER 16, 1989 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; GC - General Counsel; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Chicago Chesterton State Bank* Chesterton, Indiana — to establish a branch at Thornapple Plaza, U.S. Highway 30 and Thornapple Way, Valparaiso, Indiana Approved, December 15, 1989. Atlanta Transatlantic Bank, Miami, Florida — to establish a branch at 20400 Biscayne Boulevard, North Miami, Florida. Approved, December 15, 1989. Chicago Villa Grove State Bank, Villa Grove, Illinois — establish a branch at 20 North Main Street. Approved, December 13, 1989. to BANK HOLDING COMPANIES Minneapolis Bancommunity Service Corporation, St. Peter, Minnesota — to acquire Security Shares, Inc., Mankato, Minnesota, and Security State Bank. Approved, December 13, 1989. New York Bankers Trust New Yor k Corporation, New York, New York — to engage de novo in nonbanking activities through BT Securities Corporation, New York, New York. Permitted, December 13, 1989. Atlanta Citizens & Merchants Corporation, Douglasville, Georgia — to acquire Citizens & Merchants State Bank. A p p r o v e d , December 11, 1989. Minneapolis Dakota Bankshares, Inc., Fargo, North Dakota — to acquire Republic National Bancorp, Inc., Phoenix, Arizona. Approved, December 14, 1989. Minneapolis Donnelly Bancshares, Inc., Donnelly, Minnesota — to acquire the assets and assume the liabilities of Farmers & Merchants Insurance Agency. Approved, December 14, 1989. H.2 DECEMBER 11, 1989 PAGE A TO DECEMBER 16, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES GC F.N.B Corporation, Hermitage, Pennsylvania — for its subsidiary, Reeves Bank, Beaver Falls, Pennsylvania, to purchase the assets and assume the liabilities of Interim Liberty Federal Savings and Loan, Approved, December 15, 1989. Cleveland F.N.B. Corporation, Hermitage, Pennsylvania — to acquire certain assets and assume certain liabilities of Liberty Bell Savings Association, Beaver Falls, Pennsylvania. Approved, December 15, 1989. Atlanta First Commerce Bancorp, Inc., Commerce, Georgia — merge with Citizens Holding Company, Lexington, Georgia, and acquire Citizens Banking Company. Approved, December 13, 1989. Atlanta First Community Bank Corporation, Inverness, Florida — to acquire First Community Bank. W i t h d r a w n , December 11, 1989. Dallas First Lockney Bancshares, Inc., Lockney, Texas — acquire Lockney Bancshares, Inc., and First National Bank in Lockney. Approved, December 15, 1989. Atlanta First National Corporation of Picayune, Picayune, Mississippi — to engage de novo in credit related insurance through Community Finance* Inc. Permitted, December 16, 1989. Cleveland First Southern Bancorp, Inc., Stranford, Kentucky — to acquire The National Bank of Hustonville, Hustonville, K e n t u c k y . Approved, December 15, 1989. Chicago GreenwoodTs Bancorporation, Inc., Lake Mills, Wisconsin — to engage de novo in insurance agency activities through Greenwood1s Financial Services, Inc. Permitted, December 15, 1989. Minneapolis Lincoln Holding Company, Canton, South Dakota — to acquire Farmers State Bank of Canton, Canton, South Dakota. Approved, December 15, 1989. to to H.2 DECEMBER 11, 1989 TO DECEMBER 16, 1989 PAGE 5 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Mountain Parks Financial Corporation, Minneapolis, Minnesota — to acquire Bank of Evergreen, Evergreen , C o l o r a d o . Approved, December 15, 1989. Chicago National Bancorp, Inc., Melrose Park, Illinois — engage de novo in lending activities. Permitted, December 13, 1989. Chicago Pioneer Bancorp, Inc., Chicago, Illinois — to acquire River Associates Bancorp, Inc., River Grove, Illinois, and River Grove Bank and Trust Co m p a n y . Approved, December 15, 1989. New York PKbanken, Stockholm, Sweden — to acquire Independent Finance, Inc., Bellevue, Washington, and engage in leasing activities. Approved, December 15, 1989. Cleveland PNC Financial Corp., Pittsburgh, Pennsylvania, and BHC Holdings, Philadelphia, Pennsylvania — to acquire Securities USA, Inc., Houston, , Texas. Approved, December 15, 1989. S t . Louis Raymond Bancorp, Inc., Raymond, Illinois — to acquire Illini Bancshares, Inc., Girard, Illinois, and State Bank of Girard. A p p r o v e d , December 11, 1989. New York Saban S.A., Panama City, Republic of Panama — to acquire Safra National Bank of New York, New York. Approved, December 15, 1989. Richmond South Carolina Corporation, Columbia, South Carolina ~ to engage de novo in community development activi t i e s . Permitted, December 15, 1989. Chicago T r i m p e Ts Inc., Lisbon, Iowa, and Alliance Bancorporation — to acquire Lisbon Bank and Trust Company. Approved, December 15, 1989. to H.2 DECEMBER 11, 1989 PAGE 6 TO DECEMBER 16, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Chicago Union Bank / Streator, Streator, Illinois — to merge with Union Bank/ Triumph, Triumph, Illinois. Approved, December 15, 1989. BANK PREMISES Chicago Chesterton State Bank, Chesterton, Indiana — investment in bank p r e m i s e s . Approved, December 15, 1989. Chicago Citizens Commercial 8 Savings Bank, Flint, Michigan — investment in bank p r e m i s e s . Approved, December 12, 1989. S t . Louis Commerce Warren County Bank, Warrenton, Missouri — investment in bank p r e m i s e s . Approved, December 11, 1989. New York Manufacturers Hanover Trust Company, New York, New York — investment in bank p r e m i s e s . Approved, December 13, 1989. Chicago Union Bank / Streator, Streator, Illinois — investment in bank p r e m i s e s . Approved, December 15, 1989. CAPITAL STOCK Chicago Morningside Development Company, Sioux City, Iowa — redemption of shares. Approved, December 15, 1989. Atlanta U.S. Bancshares, Inc., Morristown, Tennessee — redemption of shares. A p p r o v e d , December 11, 1989. CHANGE IN BANK CONTROL Minneapolis St. James Bancorp, Inc., Chanhassen, Minnesota — change in bank c o n t r o l . Permitted, December 12, 1989. H.2 DECEMBER 11, 1989 PAGE 7 TO DECEMBER 16, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Boston Atlantic Trust Company? Newington? New Hampshire? proposed merger with Atlantic Acquisition Bank — report on competitive factors. Submitted? December 11? 1989. New York Central National Bank Canajoharie? Canajoharie? New York? proposed merger with State Bank of Chittenango? Chittenango? New Yor k — report on competitive factors. Submitted? December 14? 1989. Philadelphia Citizens & Northern Bank? Ralston? Pennsylvania — proposed merger with First National Bank of East Smithfield? East Smithfield? Pennsylvania — report on competitive factors. Submitted? December 15? 1989. San Francisco El Capitan National Bank? Sonora? California? proposed merger with El Capitan Interim National Bank — report on competitive factors. Submitted? December 15? 1989. Dallas First City? Texas ~ Bryan? N.A.? Bryan? Texas? proposed purchase of assets and assumption of liabilities of the First City? T e x a s - D a l l a s ? Lancaster Branch? Lancaster? T e x a s — report on competitive factors. Submitted? December 15? 1989. Richmond First Huntington National Bank? Huntington? West Virginia? proposed merger with Guyan National Bank? Barboursville? West Virginia — report on competitive factors. Submitted? December 12? 1989. Boston First NH Bank? National Association? Manchester? New Hampshire? proposed merger with First Cheshire Bank? Keene? New Hampshire — report on competitive factors. Submitted? December 15? 1989. H.2 DECEMBER 11, 1989 PAGE 8 TO DECEMBER 16, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland First United National Bank, Fryburg, Pennsylvania, proposed purchase of assets and assumption of liabilities of the New Bethlehem Branch of First Federal Savings and Loan Association of Kane, Kane, Pennsylvania — report on competitive factors. Submitted, December 14, 1989. New York Key Bank N.A., Albany, New Yo r k — to merge with Key Bank of Southeastern New York National Association, Newburgh, New Yo r k — report on competitive factors. Submitted, December 13, 1989. Boston Landmark Bank, Hartford, Connecticut, proposed merger with Community National Bank, Glastonbury, Connecticut — report on competitive factors. Submitted, December 15, 1989. Minneapolis M&I Merchants Bank, Rhinelander, Wisconsin, proposed merger with M&I Northern National Bank — report on competitive factors. Submitted, December 12, 1989. Chicago Monticello State Bank, Monticello, Iowa, proposed merger with MSB State Bank — report on competitive factors. S u b m i t t e d , December 11, 1989. EXTENSIONS OF TIME Richmond Bank of Lancaster, Kilmarnock, Virginia — extension to October 6, 1990, to establish a branch on State Route 3 at Ice House Field Shopping Center, White Stone, Virginia. Granted, December 15, 1989. San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain property. Granted, December 12, 1989. H.2 DECEMBER 11, 1989 PAGE 9 TO DECEMBER 16, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Richmond First Virginia Bank, Falls Church, Virginia — extension to November 10, 1990, to establish a branch at the Southeast Corner of U.S. Route 17 and State Route 28, Bealeton, Virginia. Granted, December 15, 1989. Richmond First Virginia Bank, Falls Church, Virginia — extension to September 23, 1990, to establish a branch near the intersection of West Dahlgreen Road and U.S. Route 301, Dahlgreen, Virginia. Granted, December 15, 1989. Chicago Harris Bank St. Charles, Saint Charles, Illinois — extension to December 31, 1990, to establish a branch at the intersection of Illinois Highway 64 and Smith Road, and for an investment in bank premises. Granted, December 13, 1989. San Francisco Home Credit Corporation, Salt Lake City, Utah — acquire Home Credit Bank. Granted, December 12, 1989. Richmond Horizon Bancorp, Inc., Bethesda, Maryland — extension to April 15, 1990, to acquire GOLDCrest Bank, Bethesda, Maryland. Granted, December 14, 1989. Dallas Interstate Bancshares, Inc., Houston, Texas — extension to January 18, 1990, to acquire Interstate Bank North, Houston, Texas. Granted, December 11, 1989. Philadelphia Meridian Bank, Reading, Pennsylvania — extension to March 16, 1990, to establish a branch at the New Britain Village Square Shopping Center, U.S. Route 202 and County Line Road, New Britain Township, and for an investment in bank p r e m i s e s . Granted, December 15, 1989. Cleveland National City Corporation, Cleveland, Ohio — extension to January 18, 1990, to acquire Crestwood Banking C o m p a n y , L t d . Granted, December 11, 1989. to H.2 DECEMBER 11, 1989 PAGE 10 TO DECEMBER 16, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE Minneapolis Orono Financial, Inc., Navarre, Minnesota — extension to March 13, 1990, to acquire Wayzata Bank of the Lakes, N.A., Wayzata, Minnesota. Granted, December 13, 1989. Richmond Signet Bank / Maryland, Baltimore, Maryland — extension to September 30, 1989, to establish a branch at 1 Newport Drive, Forest Hill, Maryland. Granted, December 13, 1989. San Francisco U.S. Bancorp, Portland, Oregon — certain property. Granted, December 14, 1989. San Francisco Wheatland Bank, Davenport, Washington, proposed acquisition of the the Ritzville Branch of Washington Mutual Savings Bank, Seattle, Washington — report on competitive factors. Granted, December 15, 1989. extension to divest INTERNATIONAL OPERATIONS Chicago First Chicago Corporation, Chicago, Illinois — to engage in underwriting and dealing in obligations of the U.S. government and other bank eligible securities through First Chicago Capital Markets, London, England. Permitted, December 13, 1989. Staff Director BS&R Manufacturers - Detroit International Corporation, Detroit, Michigan — to invest in Fortec, an Italian holding company, which owns Tecnamotor, an Italian manufacturing company. Permitted, December 15, 1989. H.2 DECEMBER 11, 1989 PAGE 11 TO DECEMBER 16, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK OPERATIONS D i r e c t o r , FRBO Federal Reserve Bank of New York — microimaging equipment. Approved, December 15, 1989. to lease Director, FRBO Federal Reserve Bank of New York — office automation equipment. Approved, December 15, 1989. to purchase GC Operating circulars — amendments concerning time frames for photocopies. Treasury checks, commencing actions against a Reserve Bank, and clarifying when a Reserve Bank may commingle checks. Approved, December 12, 1989. H .2 DECEMBER 11, 1989 PAGE 12 ADDITIONS AND CORRECTIONS TO DECEMBER 16, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Boston Neworld Bancorp, Inc., Boston, Massachusetts — change in bank control. Withdrawn, December 1, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comnent Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Application Olde Windsor Bancorp, Inc., Olde Windsor, Connecticut (Olde Windsor) - Change in Control notification filed by John A. Coccomo, Sr. to acquire an additional 10.1% of the voting shares of Olde Windsor Newspaper Not Yet Established Federal Register Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comnent Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Comnent Period Ending Date Application NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period E n d i m Date SECTION I Applications Subject to Newspaper _____________Notice Only__________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Barclays PIC and Barclays Bank PIC, both of London, England to engage through their subsidiary, Barclays de Zoete Wedd, Incorporated, New York, New York, in making and servicing loans, providing investment and financial advice, and providing merger and acquisition advice to affiliated and unaffiliated financial and nonfinancial institutional clients. 12/22/89 First New York Business Bank Corp., New York, New York, to engage indirectly in data processing activities. 12/29/89 Citicorp, New York, New York to engage indirectly in the sale of credit-related unemployment insurance. N/A Mitsubishi Trust and Banking Corporation Limited, Tokyo, Japan to engage indirectly in leasing and financing aircraft by acquiring a limited partnership interest in • Winglet L.P., a partnership that will acquire both a general and a limited partnership interest in BC Capital Partners L.P. N/A Barclays FLC and Barclays Bank PIC, both of London, England, Bay Banks, Inc., Boston, Massachusetts, Chemical Banking Corporation, New York, New York, Manufacturers Hanover Corporation, New York, New York, National Westminster Bank PIC, London, England, NatWest Holdings Inc., New York, New York, Northeast Bancorp, Inc., New Haven, Connecticut, The Bank of New York Company, Inc., New York, New York, The Chase Manhattan Corporation, New York, New York, The Hongkong and Shanghai Banking Corporation, Hong Kong, B.C.C., Kellett NV, Curacao, Netherlands Antilles, HSBC Holdings BV, Amsterdam, the Netherlands, and Marine Midland Banks, Inc., Buffalo, New York to acquire, indirectly through the New York Switch Corporation, the assets of Key Services Corp. 12/27/89 SECTION IV Applications Not Involving ________ Public Comment________ None. 1/ 2/ 3/ 4/ 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 Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FEDERAL RESERVE BAN KO F PHILADELPHIA Week Ended 12/15/89 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 National Properties, Inc., Wayne, PA to 1/ own up to 10.13% of outstanding shares of BOB Financial Services Corp., Reading, PA pursuant to the Change in Bank Control Act. Newspaper: Federal Register: 12/20/89 1/5/90 CoreStates Financial Coro., to acquire First 1/ Pennsylvania Corporation and subsidiaries, Philadelphia, PA pursuant to Sections 3(a)(5) and 4(c)(8) of the Bank Holding Company Act. Newspaper: Federal Register: 12/29/89 1/5/90 Freedom Valley Bank, West Chester, PA for 1/ 25 individuals to acquire 100% of Freedom Valley Bank, pursuant to the Change in Bank Control Act. Newspaper Federal Register: 12/20/89 12/28/89 National Penn Bancshares, Boyertown, PA to 1/ acquire a minimum of 19.9% and a maximum of 24.9% shares of Valley Community Bank, Kingston, PA pursuant to Section 3(a)(3) of the Bank Holding Company Act. Newspaper Federal Register: 1/ Subject to provisions of Community Reinvestment Act. *N/A - not yet available. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 1/8/90 *N/A FEDERAL RESERVE BANKOF PHILADELPHIA SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date CCNB Corporation, New Cumberland, PA to acquire at least 95% of Parent Federal Savings Bank, Lancaster, PA, pursuant to Section 4(c)(8) of the Bank Holding Company Act. *N/A 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 19106-1574, (215) 574-6000 Applications Bulletin F o r W e e k E n d i n g D e c e m b e r 16, 1989 SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION R e c e i v e d S e c t i o n 3 ( a ) (3) a p p l i c a t i o n o n D e c e m b e r 7, 1 9 8 9 f r o m F . N . B . C o r p o r a t i o n , Hermitage, Pennsylvania, to acquire 13.260 p e r c e n t of E m c l a i r e F i n a n c i a l Corporation, Emlenton, Pennsylvania, a holding company in f o r m a t i o n . COMMENT PERIOD ENDING * F - J a n u a r y 8, 1 9 9 0 S E C T I O N III - A P P L I C A T I O N S S U B J E C T T O F E D E R A L R E G I S T E R NOTICE ONLY R e c e i v e d Section 4(c)(8) a p p l i c a t i o n on D e c e m b e r 21, 198 9 N o v e m b e r 21, 1989 f r o m M i d Am, Inc., B o w l i n g G r e e n , Ohio, to acquire The Citizens Loan and Building C o m p a n y , Lima, Ohio. * # N F - Subject to CRA E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s f r o m t h e d a t e o f r e c e i p t Newspaper Comment Period Federal Register Comment Period Applications Bulletin F o r W e e k E n d i n g D e c e m b e r 16, 1989 S E C T I O N III - A P P L I C A T I O N S S U B J E C T T O F E D E R A L R E G I S T E R N O T I C E ONL Y Cont. R e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n on D e c e m b e r 4, 1989 f r o m C o l o n i a l Banc Corp., Eaton, Ohio, t o e n g a g e d e n o v o in t a x p r e p a r a t i o n services pursu a n t to Section 2 2 5 . 2 5 ( b ) (21) t h r o u g h its w h o l l y - o w n e d s u b s i d i a r y F i n a n c i a l S e r v i c e s , Inc. J a n u a r y 3, 1990 D e c e m b e r 29, R e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n on D e c e m b e r 7, 198 9 f r o m F N B Shares, Inc., M c C o n n e l s v i l l e , Ohio, o f its i n t e n t to engage de novo in o p e r ating a data processing disaster recovery center pursuant t o S e c t i o n 2 2 5 . 2 5 ( b ) (7) o f R e g u l a t i o n Y. 1989 R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on N o t Y e t K n o w n # D e c e m b e r 15, 198 9 f r o m P N C F i n a n c i a l Corp, Pittsburgh, Pennsylvania, to engage through its w h o l l y - o w n e d s u b s i d i a r y , P N C S e c u r i t i e s Corp, a s a g e n t i n t h e p r i v a t e p l a c e m e n t of all t y p e s o f s e c u r i t i e s a n d t o p u r c h a s e a n d s e l l all t y p e s o f s e c u r i t i e s o n the o r d e r of investors as a "riskless principal." SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL R E G I S T E R NOTICE OR NEWSPAPER NOTICE R e c e i v e d r e q u e s t o n D e c e m b e r 15, 1989 from B e a v e r T r u s t C o m p a n y , Beaver, Pennsyl v a n i a , f o r p e r m i s s i o n t o e x c e e d its l i m i t of i n v e s t m e n t in b a n k p r e m i s e s p e r m i t t e d u n d e r S e c t i o n 2 4 A of t h e F e d e r a l R e s e r v e Act. * # N F - Subject to CRA E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s f r o m t h e d a t e o f r e c e i p t Newspaper Comment Period Federal Register Comment 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 Sovran Financial Corporation, Norfolk, Virginia, for prior approval to acquire 16.6% of the voting shares of The Citizens and Southern Corporation, Atlanta, Georgia.* Not Yet Available Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date CB6eT Financial Corp. , Fairmont, West Virginia, to engage de novo in the business of effecting transactions in securities for the accounts of others and in connection therewith to engage in all activities and to take all actions which are lawful for a corporation organized under the laws of the State of West Virginia and are permissible under Section 225.25(b)(15) of Regulation Y, whether expressed or implied, permitted by statute, or otherwise including but not limited to performing all acts covered generally by the denominations broker, dealer, or broker-dealer, through its subsidiary, CB&T Investor Services Inc., Fairmont, West Virginia.** 1-3-90 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. Week Ending December 15, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application 1st United Bank Boca Raton, Florida To establish a branch office at 2200 Glades Road, Boca Raton, Florida, to be known as the "Glades Plaza Office." Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Central National Bank Corporation Winter Park, Florida 1-BHC formation, Central National Bank, Winter Park, Florida. The Citizens and Southern Corporation Atlanta, Georgia To acquire 16.6 percent of Sovran Financial Corporation, Norfolk, Virginia. The Citizens and Southern Corporation 12-26-89 Atlanta, Georgia Newspaper Along with Citizens and Southern Florida Corporation, Fort Lauderdale, Florida, to acquire M.B. Group, Inc., Marathon, Florida, and thereby indirectly acquire its subsidiary, The Marine Bank of Monroe County, Marathon, Florida. Community National Bancorporation 12-31-89 Ashbum, Georgia Newspaper 1-BHG formation, Community National Bank, Ashbum, Georgia (in organization). First National Financial Corporation 12-31-89 Albany, Georgia Newspaper 1-BHC formation, First National Bank of South Georgia, Albany, Georgia (in organization). International Trade Bankcorp 12-20-89 Atlanta, Georgia Federal Register 1-BHC formation, International Trade Bank of Atlanta, Atlanta, Georgia (in organization). Week Ending Decamber 15, 1989 Section II - Applications Subject to Both Newspaper and Federal Register Notice application Coitment Period Ending Date Synovus Financial Corp. 12-29-89 Columbus, Georgia Federal Register and Newspaper Along with its parent, TB&C Bancshares, Inc., Columbus, Georgia, to merge with NBWC Corporation, Monroe, Georgia, and thereby acquire its wholly-owned subsidiary, The National Bank of Walton County, Monroe, Georgia. Merchants Capital Corporation 12-29-89 Vicksburg, Mississippi Newspaper Change in control by Howell N. Gage, Jr. to increase his total ownership from 9.35 percent to 10.04 percent as the result of a stock redemption. Merchants Capital Corporation 12-29-89 Vicksburg, Mississippi Newspaper Change in control by James E. Blackburn to increase his total ownership from 11.37 percent to 12.17 percent as the result of a stock redemption. Avantor Financial Corporation Norfolk, Virginia To become a multi-bank holding company by acquiring The Citizens and Southern Corporation, Atlanta, Georgia, and Sovran Financial Corporation, Norfolk, Virginia. Section III - Application Subject To Federal Register Notice Only Application Synovus Financial Corp. 01-03-90 Columbus, Georgia Synovus proposes to establish Synovus Data Corp., Columbus, Georgia, and engage de novo in data processing activities, pursuant to section 225.25(b) (7) of Regulation Y, and to indirectly retain 82 percent of Total System Services, Inc., Columbus, Georgia (TYSS), which engages in data processing activities. Additionally, Synovus proposes to allow TYSS to retain 100 percent of Columbus Depot Equipment Company, Columbus, Georgia, which engages in leasing activities, pursuant to section 225.25(b) (5) of Regulation Y. Week Ending December 15, 1989 Section III - Application Subject To Federal Register Notice Only Application Synovus Financial Corp. Columbus, Georgia To establish Universal Bank, Columbus, Georgia, as a wholly-owned special purpose banking subsidiary, and indirectly engage de novo in making, acquiring, and servicing loans, pursuant to section 225.25(b)(1) of Regulation Y. Avantor Financial Corporation Norfolk, Virginia To indirectly acquire the nonbanking subsidiaries of The Citizens and Southern Corporation, Atlanta, Georgia, and Sovran Financial Corporation, Norfolk, Virginia, and engage de novo in nonbanking activities, pursuant to section 225.25 of Regulation Y. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Commercial Bancshares, Inc. Franklin, Louisiana Commitment waiver request. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Type Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date SYB§ Application Y-2 Farmers National Bancorp, Inc. Geneseo, Illinois Woodhull State Bank Woodhul1, 111inois* FR - 12-22-89 N - 12-19-89 Y-l Durand Bancorp, I n c • Durand, Illinois Durand State Bank Durand, Illinois* FR - 12-29-89 N - 12-3-89 Y—1 Great River Bancshares, Inc. Quincy, Illinois The Hill-Dodge Banking Company Wausaw, Illinois* FR - 12-29-89 N - ** Y-l Blackhawk Bancorp, I n c • Beloit, Wisconsin Blackhawk State Bank (p/k/a Beloit Savings Bank) Beloit, Wisconsin* FR - 12-29-89 N - 12-22-89 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Type Application Y-l Campbell Group, Ltd. Worth, Illinois Southwest Bancorp, Inc. Worth, Illinois Mount Greenwood Bank Chicago, Illinois The First National Bank of Danville Danville, Illinois Worth Bank and Trust Worth, Illinois Terrapin Bancorp, Inc. Elizabeth, Illinois The Elizabeth State Bank Elizabeth, Illinois Rock River Bancorporation Oregon, Illinois Rock River Bank Oregon, Illinois Scott County Bancorp, Inc. Winchester, Illinois First State Bank Winchester, 111inois Peotone Bancorp, Inc. Oregon, Illinois Rock River Bank Oregon, Illinois Peotone Bank and Trust Company Peotone, Illinois* CoC Havana Bancshares, Inc. Havana, Illinois Don P. Baggs successor Trustee Ryan Voting Trust & Trustee of Havana Bancshares Liquidating Trust Comment Period Ending Date FR - 1-8-90 N - ** FR - ** N - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) Citizens Bancshares, Inc. Walnut, Illinois Engage in general insurance agency activities in small town FR - 12-27-89 4(c)(8) Campbell Group, Ltd. Worth, Illinois To engage in management consulting advice FR - 1-8-90 4(c)(8) Astoria Investment Co. Quincy, Illinois to act as principal, agent, or broker for credit insurance issued in relation to extensions of credit made by Farmers State Bank & Trust Co., Astoria, Illinois FR - ** 4(c)(8) Bartonville Investment Co. FR - ** Peoria, Illinois to act as principal, agent, or broker for credit insurance issued in relation to extensions of credit made by Bartonville Bank, Bartonville, Illinois 4(c)(8) Hopedale Investment Co. Peoria, Illinois to act as principal, agent, or broker for credit insurance issued in relation to extensions of credit made by Community Bank of Hopedale, Hopedale, Illinois FR - ** 4(c)(8) A.B.N. - Stichting Amsterdam, Nederland LaSalle National Trust, N.A. Chicago, Illinois FR - ** 4(c)(8) ABN/LaSalle North America, Inc. Chicago, Illinois LaSalle National Trust, N.A. Chicago, Illinois FR - ** 4(c)(8) Algemene Bank Nederland N.V. Amsterdam, Nederland LaSalle National Trust, N.A. Chicago, Illinois FR - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Continued Type Application 4(c)(8) LaSalle National Corporation Chicago, Illinois LaSalle National Trust, N.A. Chicago, Illinois Comment Period Ending Date F R - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application None 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 None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date *Section 3(a)(1) application by Lonoke Bancshares, Inc., Lonoke, Arkansas, to acquire First State Bank, Lonoke, Arkansas (Newspaper 12-31-89) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE * OR NEWSPAPER NOTICE None. * This application is subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only_______ Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Duane S. Amundson To acquire control of 28.50% of Culbertson Ban Corp., Culbertson, MT Border Bancshares, Inc. Greenbush, MN To acquire Badger State Bank, Badger, MN* Not yet available 12-29-89 (Federal Register) Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Springfield Investment Company Springfield, MN To engage in general insurance agency activities through the acquisition of Morgan Insurance Agency, Morgan, MN. The activity will be conducted from an office in Morgan, MN 12-27-89 (Federal Register) Springfield Investment Company Springfield, MN To engage in general insurance agency activities through the acquisition of Ziegenhagen Insurance Agency, Clements, MN. The activity will be conducted from an office in Springfield, MN 12-27-89 (Federal Register) * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. SECTION I ~ APPLICATIONS SUBJECT TO NE W S P A P E R NOTICE ONLY C O M M E N T P E R I O D E N D I N G DATE APPLICATION None. S E C T I O N II ~ A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE C O M M E N T P E R I O D E N D I N G DA T E APPLICATION G r e e l e y B a n c s h a r e s , Inc., Greeley, Kans a s , f o r p r i o r a p p r o v a l t o become a bank holding company t h r o u g h t h e a c q u i s i t i o n of 80 p e r c e n t o f t h e v o t i n g s h a r e s of B a n k of G r e e l e y , Gr e e l e y , K a n s a s . * Not Available S o u t h e r n B a n c o r p , Inc., Tulsa, O k l a h o m a , f o r p r i o r a p p r o v a l to become a bank holding company t h r o u g h t h e a c q u i s i t i o n of 100 p e r c e n t o f t h e v o t i n g s h a r e s of S o u t h e r n N a t i o n a l Bank, Tulsa, O k l a h o m a .* Not Available S E C T I O N III ~ A P P L I C A T I O N S S U B J E C T T O F E D E R A L R E G I S T E R NOTICE ONLY APPLICATION COMMENT P ERIOD ENDING DATE B r o o k e H o l d i n g s , Inc., Jew e l l , Kansas, for prior approval t o e n g a g e d e n o v o in a n y insurance agency activities o t h e r t h a n t h e s a l e of life i n s u r a n c e o r a n n u i t i e s as p e r m itted for a bank h olding c o m p a n y w i t h l e s s t h a n $50 m i l l i o n in c o n s o l i d a t e d assets. Not Available SECTION IV ~ A P P L I CATIONS NOT SUBJECT TO FEDE R A L R E G I S T E R NOTICE OR NEWSPAPER NOTICE APPLICATION None. ♦ A p p l i c a t i o n is s u b j e c t t o C R A FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 11, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NOTICE EXP APPLICATION None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by John F. Cattier, United Kingdom; Pedro Cerisola, Jr., Mexico; Gary Jacobs, Laredo, TX; and Abe S. Wilson, Laredo, TX, to acquire an interest in Laredo National Bancshares, Inc., Laredo, TX 89/12/31 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 Notice by Delhi Bancshares, Inc., Delhi, Louisiana, to redeem 17,797 shares of its common stock * 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 FRANCESOO Week ending 12/15/89 Section I - Applications Subject to Newspaper Notice Only Application Ocroment Period Endincr Date NOne Section II - Applications Subject to Both Newspaper and Federal Register Notice None Section III - Applications Subject to Federal Register Notice Only First Interstate Bancorp, Los Angeles, California, to engage in asset management and valuation activities through a yet-to-be named subsidiary. Fed. Reo.: Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER