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\ • * ANNOUNCEMENT BY BOARD OF GOVERNORS OF. THE FEDERAL RESERVE SYSTEM H-2 A p p l i c a t i o n s and Reports Received or Acted on 1970 - No. 52 During the Week Ended December 26, 1970. District 7 To Become a Member of t h e F e d e r a l Reserve System Pursuant t o Section 9 of t h e F e d e r a l Reserve Act Approved Bank of Commerce and I n d u s t r y , Chicago, I l l i n o i s . * * * * A To Withdraw from Membership i n t h e F e d e r a l Reserve System Without a Six Month Notice as P r e s c r i b e d by Section 9 of t h e Federal Reserve Act Received ~ Schertz S t a t e Bank, S c h e r t z , Texas. * * * * * To E s t a b l i s h a Domestic Branch Pursuant t o Section 9 of t h e F e d e r a l Reserve Act Received Peoples Trust of New J e r s e y , Hackensack, New J e r s e y . Branch on t h e f i r s t f l o o r of Building No. 1, U n i v e r s i t y P l a z a , F a i r l e i g h Dickinson U n i v e r s i t y , Hackensack. Farmers Bank & T r u s t Company of I n d i a n a , P a . , I n d i a n a , Pennsylvania. Branch a t t h e southwest c o m e r of t h e i n t e r s e c t i o n of Ben F r a n k l i n Road (Route No. 32046 and Pennsylvania S t a t e Route No. 422), White Township, I n d i a n a County. The Union Commerce Bank, Cleveland, Ohio. Branch at t h e n o r t h e a s t corner of Dover Center and Wolf Roads, Bay V i l l a g e , Cuyahoga County. Rock I s l a n d Bank and T r u s t Company, Rock I s l a n d , I l l i n o i s . Branch located at 1600-5th Avenue, Rock Island. H.2 No.52 5 2 -2Approved *The Bank of V i r g i n i a , Richmond, V i r g i n i a . Branch at 315-317 Libbie Avenue, Richmond. Withdrawn Peoples T r u s t of New J e r s e y , Hackensack, New J e r s e y . Branch at t h e j u n c t i o n of Kinnelon Road and K i e l Avenue, immediately a d j a c e n t t o Route 23, Borough of Kinnelon, Morris County. * * * * * 6 To Organize, or I n v e s t i n , a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant To S e c t i o n 25 or 25(a) of t h e Federal Reserve Act Approved F i r s t N a t i o n a l City Bank, New York, New York, t o organize a c o r p o r a t i o n under Section 25(a) of t h e F e d e r a l Reserve Act t o be known as F i r s t N a t i o n a l City Bank I n t e r a m e r i c a , Miami, F l o r i d a . * * * * * 2 7 To Merge Pursuant t o Section 18(c) of t h e Federal Deposit Insurance Act Received Marine Midland T r u s t Company of Southern New York, Elmira, New York, f o r p r i o r approval t o merge The Chenango County N a t i o n a l Bank and T r u s t Company of Norwich, Norwich, New York, under t h e c h a r t e r and t i t l e of Marine Midland T r u s t Company of Southern New York. Reactivated On H.2 No. 37 f o r t h e week ended September 12, 1970, t h e Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from Chemical Bank and T r u s t Company, Midland, Michigan, f o r p r i o r approval t o merge The Commercial Savings Bank of S a i n t Louis, S t . Louis, Michigan, under t h e c h a r t e r and t i t l e of Chemical Bank and T r u s t Company. On December 2, 1970, t h i s a p p l i c a t i o n was placed i n suspense awaiting r e c e i p t of A p p l i c a n t ' s r e p l y t o a Department of J u s t i c e l e t t e r . Following r e c e i p t of A p p l i c a n t ' s views and comments, t h i s a p p l i c a t i o n has been r e a c t i v a t e d . * Application approved by Reserve Bank on behalf of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H.2 No.52 7 7 -2Reactivated (cont'd) On H.2 No. 37, f o r t h e week ended September 12, 1970, the Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from Chemical Bank and T r u s t Company, Midland, Michigan, f o r p r i o r approval t o merge Gladwin County Bank, Beaverton, Michigan, under t h e c h a r t e r and t i t l e of Chemical Bank and T r u s t Company. On December 2 , 1970, t h i s a p p l i c a t i o n was placed i n suspense awaiting r e c e i p t of A p p l i c a n t ' s reply to a Department of J u s t i c e l e t t e r . Following r e c e i p t of A p p l i c a n t r s views and comments, t h i s a p p l i c a t i o n has been reactivated. On H.2 No. 41, f o r t h e week ended October 10, 1970, t h e Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from C i t i z e n s Bank and T r u s t Company, C l a r e , Michigan, f o r p r i o r approval t o merge The Farwell S t a t e Savings Bank, F a r w e l l , Michigan, under t h e c h a r t e r and t i t l e of C i t i z e n s Bank and T r u s t Company. On December 2 , 1970, t h i s a p p l i c a t i o n was placed i n suspense awaiting r e c e i p t of A p p l i c a n t ' s reply t o a Department of J u s t i c e l e t t e r . Following r e c e i p t of A p p l i c a n t ' s views and comments, t h i s a p p l i c a t i o n has been reactivated. a * * * * 8 To Form a Bank Holding Company Pursuant t o Section 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 Approved Boatmen's Bancshares, I n c . , S t . Louis, Missouri, f o r p r i o r approval t o become a bank holding company through the a c q u i s i t i o n of 80 p e r cent or more of t h e v o t i n g shares of Bank of Concord V i l l a g e , S t . Louis County; and Manchester Community Bank, Ballwin, both i n M i s s o u r i . * ^ 7 * To Expand a Bank Holding Company Pursuant t o Section 3(a)(3) of t h e Bank Holding Company Act of 1956 Received American Bankshares C o r p o r a t i o n , Milwaukee, Wisconsin, f o r p r i o r approval t o acquire 80 per cent or more of t h e v o t i n g s h a r e s of Menomonee F a l l s Bank, Menomonee F a l l s , Wisconsin. * * * * *
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