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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 52) Actions of the Board; Applications and Reports Received During the Week Ending December 25, 1982 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Adoption of amendment i n f i n a l form t o Regulation D, Reserve Requirements of Depository I n s t i t u t i o n s , d e f i n i n g as transaction accounts time deposits issued i n connection with an agreement p e r m i t t i n g the depositor t o obtain c r e d i t by check or s i m i l a r devices f o r the purpose of making payments or t r a n s f e r s t o t h i r d p a r t i e s (Docket No. R-0424) Federal Reserve Board requested comment by February 13, 1983, on a revised fee schedule f o r book entry s e c u r i t i e s services (computer recording of government s e c u r i t i e s and related wire t r a n s f e r s ) (Docket No. R-0443) Chicago Pinney State Bank, Cass C i t y , Michigan, extension of time t o February 12, 1983, w i t h i n which t o e s t a b l i s h a drive-up branch f a c i l i t y at 4460 Seeger S t r e e t , Cass C i t y , Michigan. J J Chicago Fort Madison Bank & Trust Co., Fort Madison, Iowa, an investment i n bank premises. \J Chicago Rock Island Bank, Rock Island, I l l i n o i s , an investment i n bank premises. 1/ Boston Baybank United N.A., Taunton, Massachusetts, proposed merger with Baybank Merchants, N.A., New Bedford, Massachusetts, report t o the Comptroller o f the Currency on competitive f a c t o r s . V New York Union Trust Company, Stamford, Connecticut, proposed assumption of c e r t a i n l i a b i l i t i e s of three branches of the Banking Center, Waterbury, Connecticut, report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . V J/ A p p l i c a t i o n processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 52 - 2 ACTIONS OF THE BOARD - Continued New York F i r s t National Bank of Central Jersey, Bridgewater, New Jersey, proposed consolidation with Ultra National Bank, Bridgewater, New Jersey, report to the Comptroller of the Currency on competitive factors. J / Richmond Kershaw Branch of F i r s t National Bank of South Carolina, Columbia, South Carolina, proposed purchase of assets and assumption of deposit l i a b i l i t i e s by the F i r s t Citizens Bank and Trust Company of South Carolina, Columbia, South Carolina, report to the Federal Deposit Insurance Corporation on competitive fa cto rs. \J Chicago Community Bank & Trust Company of Edgewater, Chicago, I l l i n o i s , proposed merger with Edgewater State Bank, Chicago, I l l i n o i s , under the charter of Edgewater State Bank and t i t l e of Community Bank & Trust Company of Edgewater, report to the Federal Deposit Insurance Corporation on comp e t i t i v e fa cto rs. V Chicago Bank of North Aurora, North Aurora, I l l i n o i s , proposed merger with N.A. Bank, North Aurora, under the charter of the Bank of North Aurora and t i t l e of Bank of North Aurora, report to the Federal Deposit Insurance Corporation on competitive fa cto rs. V Chicago M&I F i r s t National Bank, West Bend, Wisconsin, proposed merger with The F i r s t National Bank of West Bend, Wisconsin, under the charter of M&I F i r s t National Bank and t i t l e of M&I F i r s t National Bank, report to the Comptroller of the Currency on competitive f a c t o r s . JJ St. Louis M e h l v i l l e Bank, St. Louis, Missouri, proposed merger with Gravois Bank at M e h l v i l l e , St. Louis, Missouri, report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . \J St. Louis Jackson County Bank, Seymour, Indiana, proposed merger with J.C.B. Service Bank, Seymour, Indiana, report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . V T7 ~ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 52 - 3 ACTIONS OF THE BOARD - Continued Dal las A l l i e d Bank Southwest Freeway, Houston, Texas, proposed merger with Texas Bank & Trust Company of Houston, Houston, Texas, report to the Federal Deposit Insurance Corporation on comp e t i t i v e f act ors . V Dal 1 as RepublicBank Midland, National Association, Midland, Texes, proposed merger with Texas National Bank of Midland, Texas, report to the Comptroller of the Currency on competitive f a c t o r s . ]_/ San Francisco Central Bank, Oakland, C a l i f o r n i a , proposed merger with Solano County Bank, F a i r f i e l d , C a l i f o r n i a , under the charter and t i t l e of the former, report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . 1/ San Francisco Peoples Savings and Loan Association, Honolulu, Hawaii, proposed merger with and into Peoples National Bank, Honolulu, Hawaii, a proposed new bank, under the charter and t i t l e of the l a t t e r , report to the Comptroller of the Currency on competitive f a c t o r s . J / San Francisco Brementon Branch of State Mutual Savings Bank, Tacoma, Washington, proposed purchase of assets and assumption of l i a b i l i t i e s by Kitsap County Bank, Port Orchard, Washington, under the charter and t i t l e of the l a t t e r , report to the Federal Deposit Insurance Corporation on comp e t i t i v e f a c t o r s . 1/ San Francisco Sun Capital Bank, St. George, Utah, proposed merger with Interstate Bank of Utah, N.A., Salt Lake C i t y , Utah, under the charter and t i t l e of the l a t t e r , report to the Comptroller of the Currency on competitive factors. J / San Francisco Interim Meridian National Bank, Pleasant H i l l , C a l i f o r n i a , proposed merger with Meridian National Bank, Pleasant H i l l , C a l i f o r n i a , under the charter and t i t l e of the l a t t e r , report of the Comptroller of the Currency on competitive fa cto rs. ]_/ T7 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 52 - 4 ACTIONS OF THE BOARD - Continued Richmond F i r s t Palmetto Bancshares Corp., Columbia, South Carolina, extension of time to April 28, 1983, w i t h i n which to become a bank holding company through the acquisition of F i r s t Palmetto State Bank & Trust Company, Columbia, South Carolina. 1/ Richmond Financial Future Corporation, Ceredo, West V i r g i n i a , extension of time to February 8, 1983, within which t o become a bank holding company through the acquisition of the successor by merger to F i r s t Bank of Ceredo, Ceredo, West V i r g i n i a . J_/ Richmond Intermountain Bankshares, I n c . , Charleston, West V i r g i n i a , extension of time t o March 30, 1983, w i t h i n which t o become a bank holding company through the acquisition of the successors by merger to Kanawha Banking & Trust Company National Association, Charleston; Teays Valley National Bank, Scott Depot; Community Bank and Trust, N.A., Fairmont; Middletown National Bank, Fairmont; National Bank of Monongah, Monongah; and Mountaineer National Bank, Morgantown, West V i r g i n i a . ] / Chicago Galva Investment, I n c . , Galva, I l l i n o i s , extension of time to January 21, 1983, within which to become a bank holding company through the acquisition of 80 percent or more of the voting shares of Community State Bank of Galva, Galva, I l l i n o i s . 1/ Chicago Hampton Park Corporation, Romeoville, I l l i n o i s , extension of time to January 28, 1983, w i t h i n which to acquire 80 percent or more of the voting shares of The Palwaukee Bank, Prospect Heights, I l l i n o i s . ]J Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, extension of time t o March 22, 1983, within which to acquire Texas Commerce Bank-Greens Crossing, N.A., Houston, Texas. \J Dal las Security Holding Company, Fredericksburg, Texas, extension of time to January 16, 1983, within which t o acquire Security Financial Corporation of Fredericksburg, Fredericksburg, Texas. 1/ T7 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 52 - 5 ACTIONS OF THE BOARD - Continued Dallas Mercantile Texas Corporation, Dallas, Texas, extension of time t o January 31, 1983, within which to acquire Ashford Bank, Houston, Texas. ] J Dallas Landmark Financial Group, I n c . , Fort Worth, Texas, extension of time t o February 28, 1983, within which t o acquire Mercantile Bank of Fort Worth, Texas. 1/ Dallas F i r s t Republic Bancshares, I n c . , Rayvilie, Louisiana, extension of time t o January 30, 1983, within which t o acquire F i r s t Republic Bank, Rayville, Louisiana. 1/ Dallas Dallas Guaranty Bancshares, I n c . , Dallas, Texas, extension of time t o March 9, 1983, w i t h i n which to acquire Guaranty Bank, Dallas, Texas. J_/ Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, extension of time t o March 15, 1983, within which t o acquire Texas Commerce Bank-Champions Park, N.A., Texas. 1/ jy Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 52 - 6 ACTIONS OF THE BOARD - Continued To Establish a Domestic Branch Pursuant t o Section 9 of the Federal Reserve Act Approved United Counties Trust Company, Springfield, New Jersey. To establish a branch at the southeast corner of Shrewsburgh and Sycamore Avenues, Shrewsburgh, New Jersey. J / New York Philadelphia The Bank of New Jersey, Moorestown, New Jersey. To establish an o f f - s i t e electronic f a c i l i t y at Cooper Medical Center, One Cooper Plaza, Camden, New Jersey. 1/ * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Kansas City Not Disapproved The Citizens Bank Holding Corporation, Drumright, Oklahoma. 1_/ Kansas City Stanley Bancshares, I n c . , Stanley, Kansas. ] / * * * * * Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended New York 77 Approved Irving Trust Company, New York, New York: grants consent to purchase and hold, d i r e c t l y or i n d i r e c t l y , 20 percent of the voting shares and 35 percent of the equity of Banca della Svizzera I t a l i a n a , Lugano, Switzerland. Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 1982 No. 52 - 7 ACTIONS OF THE BOARD - Continued New York New York San Francisco Manufacturers Hanover International Banking Corporation, Miami, Florida: grants consent for the Board's a f t e r - t h e - f a c t approval for two investments in the capital stock of Manufacturers Hanover International Banking Corporation, and to amend A r t i c l e SEVENTH of i t s Articles of Association to r e f l e c t the capital increase. Sixty-Day N o t i f i c a t i o n Period Allowed to Expire Citibank Overseas Investment Corporation, Wilmington, Delaware: no objection t o continue to hold shares, d i r e c t l y or i n d i r e c t l y , of Banco Internacional de Colombia, S.A., Bogota, Colombia, a f t e r Banco, d i r e c t l y or i n d i r e c t l y , makes an additional investment in Compania Colombiana de Financiamentos, S.A., Bogota, Colombia. F i r s t Hawaiian, I n c . , Honolulu, Hawaii: to make an additional investment in Japan Hawaii Finance K.K. * * * * * To Establish a U.S. Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act New York Approved Banco Cafetero International Corporation, New York, New York: grants consent to establish and operate a branch in Miami, Florida and to amend A r t i c l e FOURTH of Edge's A r t i c l e s of Association. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Atlanta T7 Withdrawn UBF Corporation, Dade C i t y , Florida, f o r approval to acquire at least 80 percent of the voting shares of The Bank of Pasco County, Dade C i t y , Florida. V Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . ACTIONS OF THE BOARD - Continued San Francisco New York Golden Valley Bancorp, Turlock, C a l i f o r n i a , f o r approval to acquire 100 percent of the voting shares of Golden Valley Bank, Turlock, C a l i f o r n i a . Approved Meadow!ands Bancorp., Garfield, New Jersey, f o r approval to acquire 100 percent of the voting shares of County Trust Company, Garfield, New Jersey. V Philadelphia F i r s t Lehigh Corporation, Walnutport, Pennsylvania, f o r approval t o acquire 100 percent of the voting shares of Walnutport State Bank, Walnutport, Pennsylvania. J / A t l anta F i r s t Chatsworth Bankshares, I n c . , Chatsworth, Georgia, f o r approval t o acquire 100 percent of the voting shares of The F i r s t National Bank of Chatsworth, Chatsworth, Georgia. \j Atlanta F i r s t City Bancshares, I n c . , Gainesville, Florida, f o r approval t o acquire at least 80 percent of the voting shares of F i r s t City Bank of Gainesvill Gainesville, Florida. Atlanta Mountain Bancshares, I n c . , Tracy C i t y , Tennessee, f o r approval to acquire at least 80.79 percent of the voting shares of F i r s t Bank and Trust, Tracy C i t y , Tennessee. 1/ Atlanta Vista Banks, I n c . , DeLeon Springs, Florida, f o r approval to acquire 100 percent of the voting shares of DeLeon Springs Bank, DeLeon Springs, Florida. V Chicago BAYARD BANC0RP0RATI0N, Bayard, Iowa, f o r approval t o acquire at least 80 percent of the voting shares of The Farmers State Bank, Bayard, Iowa. 1/ Chicago FIRST NATIONAL BANKSHARES, INC., Logansport, Indiana f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to The F i r s t National Bank of Logansport, Logansport, Indiana. J_/ 27 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 Mo. 52 - 9 ACTIONS OF THE BOARD - Continued Chicago Merchants and Manufacturers Bancorporation, I n c . , Milwaukee, Wisconsin, for approval to acquire at least 80 percent of the voting shares of Lincoln State Bank, Milwaukee, Wisconsin and Franklin State Bank, Franklin, Wisconsin, a proposed new bank. J_/ St. Louis CB&T Bancshares, I n c . , F l i p p i n , Arkansas, f o r approval t o acquire at least 80 percent of the voting shares of Citizens Bank and Trust Company, F l i p p i n , Arkansas. J_/ St. Louis Clark Financial Corporation, d e f f e r s o n v i l l e , Indiana, f o r approval t o acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger t o The Clark County State Bank, d e f f e r s o n v i l l e , Indiana. V Minneapolis Hanisch Bankshares, L t d . , Crosby, North Dakota, for approval to acquire 100 percent of the voting shares of Farmers State Bank of Crosby, North Dakota, Crosby, North Dakota. 1/ Minneapolis Vernon Center Bancshares, I n c . , Vernon Center, Minnesota, f o r approval to acquire at least 89.6 percent of the voting shares of State Bank of Vernon Center, Vernon Center, Minnesota. 1_/ Kansas City Ameribank Corporation, Shawnee, Oklahoma, for to acquire 100 percent of the voting shares AmeriCorp, Shawnee, Oklahoma and i n d i r e c t l y American National Bank and Trust Company of Shawnee, Oklahoma. V Kansas City Bancshares of Glasgow, I n c . , Glasgow, Missouri, for approval to acquire at least 80 percent of the voting shares of Tri-County Trust Company, Glasgow, Missouri. V Kansas City Charter Bancshares, I n c . , Oklahoma C i t y , Oklahoma, for approval t o acquire 100 percent of the voting shares of Charter National Bank, Oklahoma C i t y , Oklahoma, a proposed new bank. 1/ Kansas City Hazel ton Bancshares, I n c . , Hazel t o n , Kansas, f o r approval to acquire at least 84 percent of the voting shares of The Farmers State Bank, Hazel ton, Kansas. 1/ J7 ~ approval of acquire Shawnee, Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 1982 No. 52 - 10 ACTIONS OF THE BOARD - Continued Kansas City Second Security Bankshares, I n c . , Miami, Oklahoma, f o r approval to acquire at least 80 percent of the voting shares of Security Holding Company, Miami, Oklahoma, and i n d i r e c t l y acquire Security Bank and Trust Company, Miami, Oklahoma. J / Dallas F i r s t Pecos Bancshares, I n c . , Midland, Texas, for approval to acquire at least 80 percent of the voting shares of The F i r s t National Bank of Pecos, Pecos, Texas. 1_/ Dallas Sabine Bancshares, I n c . , Many, Louisiana, for approval to acquire at least 80 percent of the voting shares of Sabine State Bank & Trust Company, Many, Louisiana. 1/ St. Louis Denied MB Sub, I n c . , St. Louis, Missouri, f o r approval to acquire 100 percent of the voting shares of F i r s t Missouri Banks, I n c . ; Manchester, Missouri. * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Boston Approved Century Bancorp, I n c . , Somerville, Massachusetts, f o r approval to acquire 100 percent of the voting shares of The Bank of Massachusetts, Chelsea, Massachusetts. J_/ Boston Hartford National Corporation, Hartford, Connecticut, f o r approval to acquire 100 percent of the voting shares of Mattatuck Bank and Trust Company, Waterbury, Connecticut. New York Northeast Bancorp, I n c . , New Haven, Connecticut, for approval to acquire 100 percent of the voting shares of Security Bank & Trust, Bloomfield, Connecticut. V T7 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 1982 No. 52 - 11 ACTIONS OF THE BOARD - Continued Atlanta AmSouth Bancorporation, Birmingham, Alabama, for approval to acquire 100 percent of the voting shares of State Bank of the Gulf, Gulf Shores, Alabama. V Atlanta Bank of Florida Corporation, St. Petersburg, F l o r i d a , f o r approval t o acquire 100 percent of the voting shares of Bank of F l o r i d a , N.A., Chiefland, Florida, a proposed new bank. Chicago Arnold Buschman Enterprises, I n c . , Fox Lake, I l l i n o i s , f o r approval to acquire an additional 39.63 percent of the voting shares of Fox Lake State Bank, Fox Lake, I l l i n o i s . J / Minneapolis Raldon, I n c . , B i l l i n g s , Montana, f o r approval to acquire at least 65.1 percent of the voting shares of Powder River County Bank, Broadus, Montana. 1_/ Kansas City OMNIBANCORP, Denver, Colorado, for approval to acquire 100 percent of the voting shares of 0MNIBANK, Arapahoe, N.A., Arapahoe County, Colorado, a proposed new bank. !_/ Dallas Balch Springs Bancshares, I n c . , Balch Springs, Texas, f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of Central National Bank, Dallas, Texas, a proposed new bank. J / Dallas Bank Securities, I n c . , Albuquerque, New Mexico, f o r approval t o acquire 80 percent of the voting shares of American National Bank of Santa Fe, Santa Fe, New Mexico, a proposed new bank. Dallas F i r s t City Bancorporation of Texas, I n c . , Houston, Texas, for approval t o acquire 100 percent of the voting shares of F i r s t City Bank-Westheimer Plaza, N.A., Houston, Texas, a proposed new bank. V Dallas Independent Bankshares, I n c . , Abilene, Texas, for approval to acquire 100 percent of the voting shares of F i r s t State Bank of Wylie, N.A., Abilene, Texas, a proposed new bank. 1/ T7 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 52 - 12 ACTIONS OF THE BOARD - Continued St. Louis Denied Manufacturers Bancorp, I n c . , St. Louis, Missouri, for approval acquire through MB Sub, I n c . , F i r s t Missouri Banks, I n c . , Manchester, Missouri and i n d i r e c t l y acquire F i r s t Missouri Bank and Trust Company of Creve Coeur, Creve Coeur; F i r s t Missouri Bank of El 1 i s v i l i e , E l l i s v i l l e ; F i r s t Missouri Bank of Franklin County, Gerald; F i r s t Missouri Bank of Gasconade County, Hermann; F i r s t Missouri Bank of Jefferson County, Arnold; F i r s t Missouri Bank of Montgomery County, Montgomery C i t y ; F i r s t Missouri Bank of Charles County, Wentzville; F i r s t Missouri Bank of St. Francois, Flat River; F i r s t Missouri Bank of Warren County, Warrenton; F i r s t Missouri Bank of Washington, Washington, a proposed new bank; F i r s t Missouri Bank of West County, Chesterfield (P.O. Ball win); and F i r s t Missouri Bank, N.A., Valley Park, a proposed new bank, a l l located in Missouri. * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Atlanta Dallas Approved Barnett Banks of Florida, Jacksonville, Florida, for approval to merge with Great American Banks, I n c . , North Miami, Florida and i n d i r e c t l y Great American Bank of Dade County, North Miami, Florida; Great American Bank of North Miami Beach, North Miami Beach, Florida; Great American Bank of Broward County, Fort Lauderdale, Florida; Great American Bank of Davie, Davie, Florida; Great American Bank of Florida Keys, Tavernier, Florida; Great American Bank of Tampa, Tampa, Florida; Great American Bank of Pinellas, Clearwater, Florida; and Great American Bank of Gainesville, Gainesv i l l e , Florida. F i r s t Security National Corporation, Houston, Texas, for approval to merge with Graham National Bancorporation, Graham, Texas, and i n d i r e c t l y acquire The Graham National Bank, Graham, Texas. H.2, 1982 No. 52 - 13 ACTIONS OF THE BOARD - Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Atlanta Cleveland Withdrawn CNB Corporation, New Orleans, Louisiana, for approval t o acquire 100 percent of the voting shares of T h r i f t Acceptance Corporation, New Orleans, Louisiana. 1/ Approved BancOhio Corporation, Columbus, Ohio, for approval t o acquire W. Lyman Case 8 Company, Columbus, Ohio, by purchasing certain assets and assuming c e r t a i n l i a b i l i t i e s of WLC consisting of i t s mortgage loan production and mortgage loan servicing a c t i v i t i e s . Atlanta Barnett Banks of F l o r i d a , Jacksonville, Florida, f o r approval t o acquire 100 percent of the voting shares of American Bancshares Insurance Agency, I n c . , North Miami, Florida; American Bancshares Mortgage Company, I n c . , North Miami; American Properties Holding Company, I n c . , North Miami and American Bancshares Services, I n c . , Miami, Florida. St. Louis Area Bancshares Corporation, Hopkinsville, Kentucky, f o r approval t o acquire j o i n t l y with North American Financial Services, L t d . , Davenport, Iowa, DATANET, I n c . , Hopkinsville, Kentucky. Kansas City Ameribank Corporation, Shawnee, Oklahoma, for approval t o engage i n d i r e c t l y through Bankers Insurance Agency of Shawnee, I n c . , Shawnee, Oklahoma, in the sale of l i f e accident and health, and mortgage cancellation insurance d i r e c t l y related t o extensions of c r e d i t by American National Bank and Trust Company of Shawnee, Shawnee, Oklahoma. 1/ St. Louis T7 Denied Manufacturers Bancorp, I n c . , St. Louis, Missouri, f o r approval to acquire 100 percent of the voting shares of F i r s t Missouri Insurance Group, I n c . , Manchester, Missouri; F i r s t Properties, I n c . , Manchester, Missouri and St. Louis Computer Center, I n c . , Creve Coeur, Missouri. Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 1982 No. 52 - 14 ACTIONS OF THE BOARD - Continued Chicago New York Cleveland 37 Reactivated Midland Mortgage Corporation, D e t r o i t , Michigan, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (to engage in the o r i g i n a t i o n and servicing of d i r e c t loans to builders, developers, consumers and others for purposes of a cq u i si ti o n , construction, and r e h a b i l i t a t i o n of real property and improvements to real property; and to otherwise engage in mortgage banking) a c t i v i t i e s would be conducted on a national basis from o f f i c e s located a t : 600 Cleveland (Main O f f i c e ) , Suite 1090, Clearwater, Florida; 360 F i r s t National Building, D e t r o i t , Michigan; 2401 Camelot Court, S.E., Grand Rapids, Michigan; 201 East Pine Street, Suite 524, Orlando, Florida; and 2143 Hurley Way, North Suite 230, Sacramento, C a l i f o r n i a , through i t s subsidiary, Midland Mortgage Investments Corporation (12/21/82) Permitted The Hongkong and Shanghai Banking Corporation, Hong Kong, B.C.C., requests permission to expand the a c t i v i t i e s of an existing o f f i c e (commercial finance a c t i v i t i e s , including making installment, conditional sales, and working capital loans secured by commercial and i n d u s t r i a l equipment) in Larchmont, New York, serving the entire cont i n e n t a l United States, through i t s subsidiary, U. S. Concord, Inc. (12/23/82) 3/ Mellon National Corporation, Pittsburgh, Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (providing real estate p o r t f o l i o investment advice, including: ( i ) serving as the advisory company f o r a mortgage or real estate investment t r u s t ; ( i i ) serving as investment advisor, as defined in Section 2(a)(20) of the Investment Company Act of 1940, t o an investment company registered under that Act; ( i i i ) furnishing general economic information and advice, general economic s t a t i s t i c a l forecasting services and industry studies; and ( i v ) providing financial advice to State and local governments, such as with respect to the issuance of t h e i r securities) at 551 Madison Avenue, New York, New York, through i t s subsidiary, Mellon Financial Services Corporation #2 (12/23/82) 3/ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 52 - 15 ACTIONS OF THE BOARD - Continued Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (to engage in the l i m i t e d purpose leasing of four a i r c r a f t whereby the lease serves as the functional equivalent of an extension of c r e d i t in compliance with Section 225.4(a)(6) of Regulation Y) at the Mellon Bank Building, Mellon Square, Pittsburgh, Pennsylvania, through i t s subsidiary, Mellon I n t e r national A i r c r a f t Leasing Corporation #2 (12/24/82) 2/ Chicago Midland Mortgage Corporation, D e t r o i t , Michigan, n o t i f i cation of intent to engage in de novo a c t i v i t i e s (to engage in the o r i g i n a t i o n and servicing of direct loans to builders, developers, consumers and others for purposes of a c q u i s i t i o n , construction, and r e h a b i l i t a t i o n of real property and improvements to real property; and to otherwise engage in mortgage banking) a c t i v i t i e s would be conducted on a national basis from o f f i c e s located a t : 600 Cleveland (Main O f f i c e ) , Suite 1090, Clearwater, Florida; 360 F i r s t National Building, D e t r o i t , Michigan; 2401 Camelot Court, S.E., Grand Rapids, Michigan; 201 East Pine Street, Suite 524, Orlando, Florida; and 2143 Hurley Way, North Suite 230, Sacramento, C a l i f o r n i a , through i t s subsidiary, Midland Mortgage Investments Corporation (12/23/82) 3/ Dal las Coronado Bancshares, I n c . , El Paso, Texas, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (leasing t o consumer and commercial businesses personal items of property and equipment) at 6004 North Mesa, El Paso, Texas and serving the trade area consisting p r i m a r i l y of El Paso County, Texas, through i t s subsidiary, Coronado Capital Leasing Corporation, d/b/a Coronado Leasing Corporation (12/20/82) y Dal las Merkel Bancshares, I n c . , Merkel, Texas, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making leases of personal property in accordance with the Board's Regulation Y) in Merkel, Texas, serving Texas, through i t s wholly-owned subsidiary, MBS Leasing, Inc. (12/23/82) 3/ San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring f o r tTfeir own account loans and other extensions of credit such as would be made or acquired by a finance 37 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 1982 No. 52 - 1 6 - ACTIONS OF THE BOARD - Continued company; servicing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident and health insurance, c r e d i t - r e l a t e d property insurance w i l l not be offered in the State of New York; the a c t i v i t i e s of BA FinanceAmerica w i l l include, but not be l i m i t e d t o , making consumer installment loans, making loans and other extensions of credit to small businesses and making loans and other extensions of c r e d i t secured by real and personal property; the a c t i v i t i e s BAG Credit w i l l include, but not be l i m i t e d t o , purchasing installment sale finance contracts; both corporations w i l l be o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t related accident and health insurance d i r e c t l y related to extensions of credit made or acquired by BA FinanceAmerica Corporation and BAC Credit Corporation) at Store W-14, Northern Lights Mall, Routes 81 and 11, Syracuse, New York, serving the e n t i r e State of New York, through i t s i n d i r e c t subsidiaries, BA FinanceAmerica Corporation and BAC Credit Corporation (New York corporations) (12/24/82) 3/ San Francisco Crocker National Corporation, San Francisco, C a l i f o r n i a , Midland Bank p i c , and Midland California Holdings, L t d . , both of London, England, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (in the underwriting and reinsuring of c r e d i t l i f e and credit accident and health insurance d i r e c t l y related to extensions of c r e d i t by Crocker National Corporation's bank and nonbank subsidiaries in the State of California) at 74 New Montgomery Street, San Francisco, C a l i f o r n i a , through a subsidiary, Crocker Life Insurance Company (12/19/82) 3/ San Francisco F i r s t Security Corporation, Salt Lake C i t y , Utah, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring loans and other extensions of c r e d i t such as would be made by a mortgage banking company, including making both residential and commercial mortgage loans for i t s own p o r t f o l i o and for sale to others, and the servicing of such loans for others) at 2900 South Wilcrest, Suite 103, Houston, Texas, serving Houston and a l l of Harris County; as business can be developed f o r mortgages in 3/ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 52 - 17 ACTIONS OF THE BOARD - Continued surrounding areas, t h i s o f f i c e w i l l also serve those portions of the following adjacent counties which are closest to Houston: Fort Bend, Waller, Montgomery, Chambers and Galveston, through i t s subsidiary, Utah Mortgage Loan Corporation (12/25/82) 3/ San Francisco 17 F i r s t Security Corporation, Salt Lake C i t y , Utah, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring loans and other extensions of c r e d i t such as would be made by a mortgage banking company, including making both residential and commercial mortgage loans for i t s own p o r t f o l i o and f o r sale t o others, and the servicing of such loans f o r others) at 632 West Southern Avenue, Mesa, Arizona, serving Mesa, the southern half of Maricopa County and the northern portion of Pinal County, through i t s e x i s t i n g subsidiary, Utah Mortgage Loan Corporation (12/25/82) 3/ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 1982 No. 52 - 18 APPLICATIONS RECEIVED To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Dallas North Texas Bank & Trust, Gainesville, Texas. 2J * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Cleveland Somerset Trust Company, Somerset, Pennsylvania. To establish an ATM branch at Seven Springs Resort, R.D. #1, Champion, Pennsylvania. 2/ * * * * * Applications and Notifications f o r International Investments and Other Actions Pursuant t o Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended New York Citibank Overseas Investment Corporation, Wilmington Delaware: p r i o r n o t i f i c a t i o n of i t s intent to make an additional investment in Citicorp Location (France) S.A., Paris, France. New York Citibank Overseas Investment Corporation, Wilmington Delaware: p r i o r n o t i f i c a t i o n of i t s intent to make an additional investment, d i r e c t l y or i n d i r e c t l y , i n Diners Club International (Hong Kong) L t d . , Hong Kong. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 New York 2/ NB Holding Corporation, Portland, Maine for approval to acquire 100 percent of the voting shares of the successor by merger to Northeast Bankshare Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 52 - 19 - APPLICATIONS RECEIVED - Continued Association, Portland, Maine and i n d i r e c t l y 99.05 percent of Northeast Bank, Portland, Maine; 100 percent of Northeast Bank & Trust Co., Bangor, Maine; 100 percent of Northeast Bank N.A. of Farmington, Farmington, Maine; 95.63 percent of Northeast Bank of Guilford, Guilford, Maine; 100 percent of Northeast Bank of Lincoln, Lincoln, Maine; and 100 percent of Northeast Bank of M i l l i n o c k e t , M i l l i n o c k e t , Maine. 2/ Philadelphia ACNB Corporation, Gettysburg, Pennsylvania, f o r approval to acquire 100 percent of the voting shares of Adams County National Bank, Gettysburg, Pennsylvania. ZJ Cleveland F i r s t Bancshares, I n c . , Bellevue, Ohio, f o r approval to acquire 100 percent of the voting shares of The F i r s t National Bank of Bellevue, Bellevue, Ohio. 2/ Cleveland Mountain Bancorp, I n c . , West L i b e r t y , Kentucky, f o r approval t o acquire at least 80 percent and up to 100 percent of the voting shares of Bank of the Mountains, I n c . , West L i b e r t y , Kentucky. 2/ Richmond The Planters Corporation, for approval t o acquire shares of the successor National Bank and Trust North Carolina. 2/ Atlanta F i r s t Acadian Bancshares, I n c . , Thibodaux, Louisiana, f o r approval to acquire 92.5 percent of the voting shares of Acadian Bank, Thibodaux, Louisiana. 2/ Atlanta F i r s t North Port Bancorp, North Port, Florida, f o r approval to acquire 100 percent of the voting shares of North Port Bank, North Port, Florida. 2/ Chicago F.A.B. BANCORP, INC., Aurora, I l l i n o i s , for approval t o acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to F i r s t American Bank of Aurora, Aurora, I l l i n o i s . 2/ Rocky Mount, North Carolina, 100 percent of the voting by merger to The Planters Company, Rocky Mount, ~Tj Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. I H.2, 1982 No. 52 -20- APPLICATIONS RECEIVED - Continued Chicago F i r s t State Bancorp of Princeton, I l l i n o i s , I n c . , Princeton, I l l i n o i s , for approval t o acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to F i r s t State Bank of Princeton, Princeton, I l l i n o i s , and at least 80 percent of the voting shares of Farmers' State Bank of S h e f f i e l d , I l l i n o i s , S h e f f i e l d , I l l i n o i s . 2J Chicago FNB Holding Co., West Des Moines, Iowa, for approval to acquire 80 percent or more of the voting shares of F i r s t National Bank of West Des Moines, West Des Moines, Iowa. 2J Chicago Port Bancshares, I n c . , Port Washington, Wisconsin, f o r approval t o acquire at least 80 percent of the voting shares of The Port Washington State Bank, Port Washington, Wisconsin. 2J St. Louis Cass Commercial Corporation, St. Louis, Missouri, f o r approval t o acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger t o Cass Bank & Trust Company, St. Louis, Missouri. 2/ St. Louis Lookingglass Banc Corp., Albers, I l l i n o i s , for approval t o acquire 100 percent of the voting shares of the successor by merger t o Peoples Bank of Albers, Albers, I l l i n o i s . 2] Minneapolis Mahnomen Bancshares, I n c . , Mahnomen, Minnesota, for approval t o acquire 100 percent of the voting shares of F i r s t National Bank i n Mahnomen, Mahnomen, Minnesota. 2J Kansas City F i r s t National Utica Company, Utica, Nebraska, for approval t o acquire 100 percent (less 50 d i r e c t o r s ' q u a l i f y i n g shares) of the voting shares of The F i r s t National Bank of Utica, Utica, Nebraska, y Kansas City H 8 L Investments, I n c . , Manhattan, Kansas, f o r approval t o acquire at least 80 percent of the voting shares of F i r s t Manhattan Bankshares, I n c . , Manhattan, Kansas, and i n d i r e c t l y F i r s t National Bank of Manhattan , Manhattan, Kansas. 2/ J7 Application subject t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. 4 H.2, 1982 No. 52 h , - 21 - APPLICATIONS RECEIVED - Continued Kansas City McKinstry, I n c . , Julesburg, Colorado, for approval t o acquire 91.33 percent of the voting shares of The F i r s t National Bank of Julesburg, Julesburg, Colorado. 2/ Dallas Giddings Citizens State Bancshares, I n c . , Giddings, Texas, for approval t o acquire 100 percent of the voting shares of the Citizens State Bank, Giddings, Texas. 2/ Dallas Ouachita National Bancshares, I n c . , Monroe, Louisiana, f o r approval t o acquire 100 percent of the voting shares of The Ouachita National Bank in Monroe, Monroe, Louisiana. 2] San Francisco Trans Bankcorp, I n c . , San Francisco, C a l i f o r n i a , for approval t o acquire at least 97.5 percent of the voting shares of Trans American National Bank, Monterey Park, C a l i f o r n i a . 7J * * * * * To Expand a Bank Holding Company Pursuant t o Section 3(a)(3) of the Bank Holding Company Act of 1956 New York Norstar Bancorp I n c . , Albany, New York, for approval t o acquire 100 percent of the voting shares of the successor by merger t o Northeast Bankshare Association, Portland, Maine and i n d i r e c t l y 99.05 percent of Northeast Bank, Portland, Maine; 100 percent of Northeast Bank & Trust Co., Bangor, Maine; 100 percent of Northeast Bank N.A. of Farmington, Farmington, Maine; 95.63 percent of Northeast Bank of G u i l f o r d , Guilford, Maine; 100 percent of Northeast Bank of Lincoln, Lincoln, Maine; and 100 percent of Northeast Bank of M i l l i n o c k e t , Mi 11inocket, Maine. 2/ Chicago Alpine Bancorporation, I n c . , Belvidere, I l l i n o i s , f o r approval t o acquire at least 80 percent of the voting shares of The Bank of Cherry Valley, Cherry Valley, I l l i n o i s . 2/ ~2} Application subject t o Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. I • # H.2, 1982 No. 52 - 22 - APPLICATIONS RECEIVED - Continued Dal las Texas American Bancshares I n c . , Fort Worth, Texas, for approval to acquire 100 percent of the voting shares of Heritage Bank, Houston, Texas. 2/ Dallas Victoria Bankshares, I n c . , V i c t o r i a , Texas, for approval to acquire 100 percent of the voting shares of F i r s t National Bank of Ingleside, Ingleside, Texas. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York The Chase Manhattan Corporation, New York, New York, requests permission to establish a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquiring, f o r i t s own account or for the account of others, loans and other extensions of c r e d i t secured by real estate including, but not l i m i t e d t o , f i r s t and second mortgage loans secured by mortgages on one-to-four family residential properties; servicing loans and other extensions of c r e d i t f o r any person, s e l l i n g mortgage loans in the secondary market and t o o f f e r mortgage term l i f e insurance, accident and health insurance and d i s a b i l i t y insurance d i r e c t l y related to such lending and servicing a c t i v i t i e s ) located in the area of Charles Street and I n t e r state 695, Towson, Maryland, through i t s subs i d i a r y , Chase Home Mortgage Corporation (12/24/82) New York European American Bancorp, New York, New York, f o r approval t o invest, through i t s subsidiary, EAB Holdings Corp., Philadelphia, Pennsylvania, in a new l i m i t e d partnership, Pilgrim, Baxter, Hoyt & Greig, t o engage in rendering t o c l i e n t s investment advice with respect to securities p o r t f o l i o s . New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the a c t i v i t i e s of six existing o f f i c e s ( o f f e r i n g NOW accounts, money market deposit accounts, and transaction accounts as permitted under State law) at Tf Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 52 - 23 - APPLICATIONS RECEIVED - Continued 1640 Champa S t r e e t , Denver, Colorado, through i t s subsidiary, Continental I n d u s t r i a l Bank; 770 W. Hampden Avenue, Englewood, Colorado, through i t s subsidiary, Southglenn Continental I n d u s t r i a l Bank; 1895 S. Federal Boulevard, Denver, Colorado, through i t s subsidiary, F i r s t Continental I n d u s t r i a l Bank; 7398 N. Federal Boulevard, Westminster, Colorado, through i t s subsidiary, North Continental I n d u s t r i a l Bank and 636 S. Broadway, Denver, Colorado, through i t s subsidiary Continental Merchants I n d u s t r i a l Bank (12/20/82) New York Norstar Bancorp I n c . , Albany, New York, requests permission t o e s t a b l i s h a de novo o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s (engaging generally i n the business of a mortgage banker, mortgage broker and mortgage servicing f i r m i n c l u d i n g , but not l i m i t e d t o : making, a c q u i r i n g , buying, s e l l i n g and otherwise dealing i n mortgage loans as p r i n c i p a l or agent; servicing mortgage loans f o r a f f i l i a t e d or n o n a f f i l i a t e d e n t i t i e s ; second mortgage financing and a c t i n g as an adviser i n mortgage loan and second mortgage loan transactions) at 1450 Western Avenue, Albany, New York, serving New York and Maine, through I t s s u b s i d i a r y , Norstar Mortgage Services. tec. citm/a?i tow H h W # # * # * # Set,, Mtifty, Hw I t t f l , far ipprovat le 100 percent of the voting shares of Worthe#st Consumer Services Corporation, Portland, Maine and Northeast Data Processing Corporation, Portland, Maine. Cleveland Pittsburgh National Corporation, P i t t s b u r g h , Pennsylvania, n o t i f i c a t i o n of i n t e n t t o expand the f o l l o w i n g a c t i v i t i e s (making or acquiring and s e r v i c i n g f o r i t s own accounts and or the accounts of others, loans and other extensions of c r e d i t ) at 1440 M i l i t a r y West, Benicia, C a l i f o r n i a , serving Contra Costa County, through i t s subsidiary, The Kissel 1 Company (12/20/82) Kansas City F i r s t Beemer Corporation, Beemer, Nebraska, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s (making leases of real and personal property i n accordance with the Board's Regulation Y) at F i r s t National Bank, Beemer, Nebraska, serving Cuming County, Nebraska, through i t s subsidiary, F i r s t Beemer Leasing Corporation (12/23/82) H.2, 1982 No. 52 - 24 - APPLICATIONS RECEIVED - Continued Kansas City McKinstry, I n c . , Julesburg, Colorado, f o r approval t o acquire a l l of the assets of McKinstry—Campbell Insurance Agency, Julesburg, Colorado. San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of intent t o engage in de novo a c t i v i t i e s (making or acquiring for TTs own account, or f o r the account of others, loans and extensions of c r e d i t , including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans t o small businesses and other extensions of c r e d i t such as would be made by a f a c t o r i n g company or a consumer finance company, and acting as broker or agent for the sale of c r e d i t l i f e and c r e d i t accidspt and health insurance) i n Exton and King of Prussia, Pennsylvania, serving the State of Pennsylvania, through i t s subsidiaries, Security Pacific Finance Corp. and Security Pacific Consumer Discount Company (12/17/82) * * * * * Agreements Filed Pursuant t o Section 8 of the Securities Exchange Act of 1934 Mark Twain Plaza Bank, Kansas C i t y , Missouri has f i l e d an agreement with the Federal Reserve Bank of Kansas City (which i s authorized t o accept such agreements on behalf of the Board of Governors under delegated authority) undertaking t o comply with a l l provisions which relate t o the use of c r e d i t t o finance transactions in s e c u r i t i e s . * * * * * REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None. I
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