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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
H.2, 1986, No. 52
Applications and Reports Received
During the Week Ending December 27, 1986
Actions of the Board
Announced approval, with certain limitations,
of the application of Bankers Trust New York
Corporation to engage in the placement as
agent of commercial paper issued by third
parties as one activity of a commercial
lending affiliate; hearing to be scheduled on
separate applications by Bankers Trust,
Citicorp, and J.P. Morgan & Co. Incorporated,
to underwrite commercial paper, mortgagebacked securities, municipal revenue bonds
and consumer-related receivables in an
affiliate that also underwrites U.S.
government securities.
Boston
Bank of New England Corporation, Boston,
Massachusetts — extension to February 17,
1987, to acquire Mariner Mortgage
Corporation, Providence, Rhode Island. 1/
Richmond
HHK National Bank, Elkins, West Virginia —
proposed merger with Citizens National Bank
of Elkins report to the Comptroller of the
Currency on competitive factors. 1/
Richmond
First St. Lawrence National Bank, Ronceverte,
West Virginia -- proposed merger with The
First National Bank in Ronceverte — report
to the Comptroller of the Currency on
competitive factors. 1/
Richmond
Potomac Bancorp, Inc., Keyser, West Virginia
— extension to April 8, 1987, to engage de
novo (loan activities). 1/
Richmond
Dominion Bankshares Corporation, Roanoke,
Virginia — extension to February 20, 1987,
to acquire Nashville City Bank and Trust
Company, Nashville, Tennessee. 1/
1/
Processed on behalf of the Board of Governors under
delegated authority.
H . 2 , 1986, No. 52
-2-
ACTIONS OF THE BOARD - Continued
Atlanta
First National Bank of Atmore, Atmore,
Alabama — proposed merger with First
National Interim Bank of Atmore — report to
the Comptroller of the Currency on
competitive factors. 1/
Atlanta
SunTrust Banks, Inc., Atlanta, Georgia, and
Sun Banks, Inc., Orlando, Florida —
extension to April 23, 1987, to acquire
Peoples Bank of Lakeland, Lakeland, Florida.
1/
Kansas City
First Commercial Bank, Lawton, Oklahoma —
proposed acquisition of assets and assumption
of the liabilities of First Commercial
Savings & Loan Association — report to the
Federal Deposit Insurance Corporation on
competitive factors. 1/
Kansas City
Oklahoma State Bank, Buffalo, Oklahoma, -proposed merger with The First State Bank of
Gage, Gage, Oklahoma — report to the Federal
Deposit Insurance Corporation on competitive
factors. 1/
Kansas City
Valley State Bank, Lamar, Colorado —
proposed acquisition of assets and assumption
of liabilities of Omnibank, Kiowa County,
N.A. , Eads, Colorado, report to the Federal
Deposit Insurance Corporation on competitive
reports. 1/
Kansas City
J.R. Montgomery Bancorporation, Lawton,
Oklahoma — extension to February 8, 1987, to
engage in selling credit related insurance.
Dallas
Greater Texas Bancshares, Inc., Georgetown,
Texas -- extension to March 26, 1987, to
acquire Greater Texas Bank Leander, Leander,
Texas. 1/
Dallas
Greater Texas Bancshares, Inc., Georgetown,
Texas — extension to March 26, 1987, to
acquire Greater Texas Bank North, N.A.,
Austin, Texas. 1/
Dallas
Greater Texas Bancshares, Inc., Georgetown,
Texas — extension to March 26, 1987, to
acquire Lockhart State Bank, Lockhart, Texas.
If
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 52
-3-
ACTIONS OF THE BOARD - Continued
Dallas
First Alief Bank, Houston, Texas -- proposed
merger with University State Bank -- report
to the Federal Deposit Insurance Corporation
on competitive factors. 1/
Dallas
BancTexas North Side, N.A., Houston, Texas —
proposed merger with BancTexas Allen Parkway,
N.A., -- report to the Comptroller of the
Currency on competitive factors. 1/
Dallas
BancTexas Westheimer, Houston, Texas -proposed merger with BancTexas Allen Parkway,
N.A., — report to the Comptroller of the
Currency on competitive factors. 1/
Dallas
First Alpine, Inc., Alpine, Texas -extension to February 12, 1987, to acquire
First National Bank in Alpine. 1/
Dallas
Broadway National Bank/Westplex, San Antonio,
Texas -- proposed merger with Broadway
National Bank -- report to the Comptroller of
the Currency on competitive factors. 1/
Dallas
Heights National Bank, San Antonio, Texas -proposed merger with Broadway National Bank
— report to the Comptroller of the Currency
on competitive factors. 1/
San Francisco
Nevada First Thrift, Reno, Nevada — proposed
merger with Nevada First Bank -- report to
the Federal Deposit Insurance Corporation on
competitive factors. 1/
San Francisco
Wasatch Bank, Orem, Utah -- proposed merger
with Wasatch Bank of Pleasant Grove, Pleasant
Grove, Utah, and Wasatch Bank of Lehi, Lehi,
Utah — report to the Federal Deposit
Insurance Corporation on competitive factors.
1/
* * * * *
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 52
-4-
ACTIONS OF THE BOARD - Continued
To Become a Member of the Federal Reserve
System Pursuant to Section 9 of the
Federal Reserve Act
Withdrawn
St. Louis
Indiana Southern Bank, Sellersburg, Indiana.
(12/13/86)
* * * * *
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Approved
Richmond
First Virginia Bank-Colonial, Richmond,
Virginia -- to establish a branch in the Lee
Plaza Shopping Center, Oaklawn Boulevard,
Hopewell, Virginia. 1/ (12/23/86)
Atlanta
The Trust Bank, Hialeah, Florida -- to
establish a branch at 2199 Ponce De Leon
Boulevard - Merrick Plaza, Coral Cables,
Florida, to be known as the Coral Gables
Branch. 1/ (12/24/86)
* * * * *
To Merge Pursuant to Section 18(c)
of the Federal Deposit Insurance Act
Approved
Kansas City
The Bank of Kansas City, Kansas City, Missouri
-- to merge with The Merchants Bank, Kansas
City, Missouri. 1/ (12/24/86)
Kansas City
The Merchants Bank, Kansas City, Missouri -to merge with Westport Bank, Kansas City,
Missouri. 1/ (12/14/86)
* * * * *
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 52
-5-
ACTIONS OF THE BOARD - Continued
To Become a Member of the Federal Reserve
System Pursuant to Section 9 of the
Federal Reserve Act
Approved
Philadelphia
Meridian Bank, Reading, Pennsylvania.
1/ (12/24/86)
Atlanta
American Bank and Trust, Pensacola, Florida.
1/ (12/26/86)
Atlanta
Gulfport Bank, Gulfport, Florida.
(12/19/86)
Kansas City
The Bank of Kansas City, Kansas City,
Missouri. 1/ (12/14/86)
Kansas City
First Interstate Bank of South Fort Collins,
Fort Collins, Colorado.. 1/ (12/23/86)
1/
* * * * *
Application 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), 4(c)(13) and
4(c)(14) of the Bank Holding Company Act of
1956, as amended
Approved
New York
Banco Catero International Corporation, New
York, New York: grants to amend Articles
THIRD and FOURTH of the Articles of
Association of Banco Cafetero International
Corporation, New York, New York, these
amendments enable a relocation of Edge's home
office from New York, New York, to Miami,
Florida and allow Edge to operate from both
of these locations.
(12/23/86)
Atlanta
Banco de Santander International, Miami,
Florida -- grants consent to increase its
capital stock to amend Article SEVENTH of its
Articles of Association to reflect an
increase in authorized capital stock and to
amend Article TWELFTH of its Articles of
Association by including a statement that
the Articles may be amended. (12/24/86)
1/
Processed on behalf of the Board of Governors under
delegated authority.
H . 2 , 1986, No. 52
-6-
ACTIONS OF THE BOARD - Continued
Forty- Five Day Notification Allowed to Expire
New York
Citibank, N.A., New York, New York: no
objection to permit its subsidiary, Saudi
American Bank, Riyadh, Saudi Arabia, to
establish an initial branch in London,
England.
(12/27/86)
New York
Manufacturers Hanover International Finance
Corporation, New York, New York — to make an
additional investment in Manufacturers
Hanover Banque Nordique, Paris, France.
(1 2 /2 2 /8 6 )
New York
Republic National Bank of New York, New York,
New York — to establish a de novo commercial
bank subsidiary in Gibraltar. (12/24/86)
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Withdrawn
Boston
First Mutual Holding Company, Dover, New
Hampshire -- for approval to acquire 100
percent of the voting shares of Southeast
Bank for Savings, Dover, New Hampshire.
(12/ 22/ 86 )
* * *. * *
Returned
St. Louis
WIN Bancorp, Inc., Winchester, Illinois —
for approval to acquire 100 percent of the
voting shares of Winchester National Bank,
Winchester, Illinois.
(12/26/86)
Approved
Philadelphia
1/
Turbotville National Bancorp, Inc.,
Turbotville, Pennsylvania — for approval to
acquire 100 percent of the voting shares of
The Turbotville National Bank, Turbotville,
Pennsylvania. 1/ (12/26/86)
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 52
-7-
ACTIONS OF THE BOARD - Continued
Philadelphia
UNB Corp., Mount Carmel, Pennsylvania -- for
approval to acquire 100 percent of the voting
shares of The Union National Bank of Mount
Carmel, Mount Carmel, Pennsylvania. 1/
(12/26/86)
Minneapolis
Minnesota Valley Bancshares, Inc.,
Minneapolis, Minnesota — for approval to
acquire 100 percent of the voting shares of
Minnesota Valley Bank (currently Norwest Bank
Redwood Falls, N.A.,) Redwood Falls,
Minnesota; Tracy State Bank (currently
Norwest Bank Tracy), Tracy, Minnesota; and
Murray County State Bank (currently Norwest
Bank Slayton), Slayton, Minnesota. 1/
(12/23/86)
Minneapolis
Minnwest, Incorporated, Minnetonka, Minnesota
— for approval to acquire 100 percent of the
voting shares of the successor by merger to
Norwest Bank Dawson, Dawson, Minnesota;
Norwest Bank Luverne, Luverne, Minnesota;
Norwest Bank Montevideo, Montevideo,
Minnesota; and Norwest Bank Ortonville,
Ortonville, Minnesota. 1/ (12/18/86)
Kansas City
MBI Bancshares, Inc., Kansas City, Missouri
— for approval to acquire 100 percent of the
voting shares of The Bank of Kansas City,
Kansas City, Missouri and indirectly acquire
Westport Bank, Kansas City, Missouri. 1/
(12/24/86)
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 3(a)(3) of the Bank Holding Company
Act of 1956
Approved
Cleveland
1/
Banc One Corporation, Columbus, Ohio — for
approval to acquire 100 percent of the voting
shares of First American National Bancorp,
Plainfield, Indiana and indirectly First American
National Bank, Plainfield, Indiana.
(12/23/86)
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 52
-8-
ACTIONS OF THE BOARD - Continued
Cleveland
Banc One Corporation, Columbus, Ohio -- for
approval to acquire 100 percent of the voting
shares of Citizens Northern Company, Elkhart,
Indiana and indirectly Citizens Northern Bank of
Elkhart, Elkhart, Indiana.
(12/23/86)
Cleveland
Banc One Corporation, Columbus, Ohio -for approval to acquire 100 percent of the
voting shares of Northwest National Bank,
Rensselaer, Indiana. 1/ (12/26/86)
Cleveland
Banc One Corporation, Columbus, Ohio — for
approval to acquire 100 percent of the voting
shares of American Fletcher Corporation,
Indianapolis, Indiana and indirectly American
Fletcher National Bank and Trust Company,
Indianapolis, Indiana; Union Bank and Trust
Company, Indianapolis, Indiana; and Carmel Bank
and Trust Companv, Carmel, Indiana.
(12/23/86)
Atlanta
SafraCorp, Miami, Florida — for approval to
acquire 100 percent of the voting shares of
Colonial Savings Bank, N.A., Ocala, Florida.
(12/23/86)
Atlanta
SouthTrust Corporation, Birmingham, Alabama
— for approval to acquire 100 percent of the
voting shares of SBT Bancshares, Inc., Arab,
Alabama and indirectly acquire Security Bank and
Trust Company, Arab, Alabama. 1/ (12/22/86)
St. Louis
Centerre Bancorporation, St. Louis, Missouri
-- for approval to acquire at least 85.22
percent of the voting shares of Goppert Bank
and Trust Company, Kansas City, Missouri. 1/
(12/16/86)
St. Louis
Jack's Fork Bancorporation, Inc., Mountain
View, Missouri — for approval to acquire 100
percent of the voting shares of the successor
by merger to Farmers State Bank of Texas
County, Houston, Missouri. 1/ (12/24/86)
Minneapolis
Metropolitan Bank Group, Inc., Bloomington,
Minnesota — for approval to acquire 89.22
percent of the voting shares of Metropolitan
Bank Plymouth, Plymouth, Minnesota. 1/
(12/24/86)
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 52
-9-
ACTIONS OF THE BOARD - Continued
Minneapolis
Bank Shares Incorporated, Minneapolis,
Minnesota — for approval to acquire 88.27
percent of the voting shares of First State
Bank of Apple Valley, Apple Valley,
Minnesota. 1/ (12/22/86)
Kansas City
MBI Bancshares, Inc., Kansas City, Missouri
-- for approval to acquire 100 percent of the
voting shares of The Bank of Kansas City,
Kansas City, Missouri and indirectly acquire
Westport Bank, Kansas City, Missouri. 1/
(12/24/86)
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 3(a)(5) of the Bank Holding Company Act
of 1956
Approved
Atlanta
BMR Bancorp, Inc., Atlanta, Georgia -- for
approval to merge with Toombs Bank Shares,
Inc., Vidalia, Georgia and indirectly acquire
Brice Banking Company, Vidalia, Georgia. 1/
(12/24/86)
Atlanta
SouthTrust Corporation, Birmingham, Alabama
-- to merge with SBT Bancshares, Inc., Arab,
Alabama and indirectly acquire Security Bank
and Trust Company, Arab, Alabama. 1/
(12/22/86)
Kansas City
Community Bancshares, Inc., Chillicothe,
Missouri -- for approval to merge with
Bosworth Bancshares, Inc., Chillicothe,
Missouri and indirectly acquire Bosworth
State Bank, Bosworth, Missouri. 1/
(12/26/86)
Kansas City
Community Bancshares, Inc., Chillicothe,
Missouri — for approval to merge with
Chillicothe Bancshares, Inc., Chillicothe,
Missouri and indirectly acquire Community
Bank, Chillicothe, Missouri. 1/ (12/26/86)
Kansas City
Community Bancshares, Inc., Chillicothe,
Missouri -- for approval to merge with
Maryville Bancshares, Inc., Chillicothe,
Missouri and indirectly acquire Citizens
State Bank, Maryville, Missouri. 1/
(12/26/86)
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 52
-10-
ACTIONS OF THE BOARD - Continued
Kansas City
Community Bancshares, Inc., Chillicothe,
Missouri — for approval to merge with
Savanna Bancshares, Inc., Chillicothe,
Missouri and indirectly acquire Community
Bank, Savanna, Georgia. 1/ (12/26/86)
Kansas City
Community Bancshares, Inc., Chillicothe,
Missouri — for approval to merge with
Warrensburg Bancshares, Inc., Chillicothe,
Missouri and indirectly acquire Community
Bank, Warrensburg, Missouri. 1/ (12/26/86)
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 4(c)(8) of the Bank Holding Company
Act of 1956
Approved
Boston
BankEast Corporation, Manchester, New
Hampshire — for approval to acquire all of
the voting shares of Royal/Grimm & Davis,
Inc., New York, New York, a discount broker.
(12/23/86)
Boston
Hartford National Corporation, Hartford,
Connecticut — for approval to acquire
Lighthouse Mortgage Company, Providence,
Rhode Island. 1/ (12/24/86)
New York
Bankers Trust New York Corporation, New York
New York -- for approval to engage through
its subsidiary, BT Commercial Corporation,
Chicago, Illinois, in acting as the issuer's
agent in the placement in commercial paper.
12/24/86)
New York
Bankers Trust New York Corporation, New York
New York -- BT Trust Company of California,
N.A., Los Angeles California, to acquire all
of the corporate trust and stock transfer
business of Wells Fargo Bank, N.A., San
Francisco, California. 1/ (12/23/86)
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 52
-11-
ACTIONS OF THE BOARD - Continued
New York
Barclays Bank PLC, New York, New York
Barclays PLC and Barclays Bank PLC, both of
London, England; Barclays USA Inc.,
Wilmington, Delaware; Barclays U.S. Holdings,
Inc., New York, New York; and
Barclays-American Corporation, Charlotte,
North Carolina -- to acquire certain assets
of Finger Furniture Company, Inc., and Finco
of Houston, Inc., both of Houston, Texas and
thereby to engage in sales finance company and
credit card activities.
1/ (12/19/86)
New York
Barclays PLC, and Barclays Bank PLC, London,
England — for approval to acquire Wall
Street Clearing Company, New York, New York
and engage in clearing and settling
securities transactions, securities custodial
services, extending margin credit, discount
brokerage services, and borrowing and lending
securities. 1/ (12/22/86)
New York
U.S. Trust Corporation, New York, New York -to acquire Summit Management Company, Inc.,
Los Angeles, California -- and thereby engage
in providing portfolio investment advice and
management to individual, corporate and
institutional investors. 1/ (12/22/86)
Richmond
South Carolina National Corporation,
Columbia, South Carolina -- for approval to
acquire Confidential Credit Corporation,
Anderson, South Carolina. 1/ (12/23/86)
San Francisco
First Hawaiian, Inc., Honolulu, Hawaii -- to
acquire Crocker Financial Corporation, Ltd.,
Honolulu, Hawaii, and thereby engage in
operating an industrial bank, Morris Plan
bank, or industrial loan company. 1/
(12/24/86)
* * * * *
1/
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 52
-12-
ACTIONS OF THE BOARD - Continued
Permitted
New York
Citicorp, New York, New York -- to engage de
novo (underwriting, credit life and
disability insurance on consumer loans)
through any of its subsidiaries or
subsidiaries yet to be formed. These
activities will be performed throughout the
world. 3/ (12/26/86)
Chicago
USAmeribancs, Inc., Highland Park, Illinois
— to engage de novo (underwriting credit
life insurance on consumer loans) through its
subsidiary, USAmeribancs Credit Life
Insurance Company, Bannockburn, Illinois.
The activity will be conducted in Cook, Lake
and DuPage Counties of Illinois. 3/
(12/26/86)
San Francisco
Bancorp Hawaii, Inc., Honolulu, Hawaii -- to
engage de novo (performing real estate
appraisals) through its subsidiary, Bancorp
Finance of Hawaii-Guam, Inc., Agana, Guam.
3/ (12/24/86)
* * * * *
Redemption of Shares
Richmond
Sterling Bancorp, Inc., Eleanor, West
Virginia. 1/ (12/17/86)
Chicago
Peshtigo National Bancorporation, Inc.,
Peshtigo, Wisconsin. 1/ (12/23/86)
Minneapolis
Jasper Investment Company, Inc., Jasper,
Minnesota. 1/ (12/23/86)
Kansas City
The Avoca Company, Omaha, Nebraska.
(12/24/86) 1/
it it it * *
1/
Processed on behalf of the Board of Governors under
delegated authority.
3/
Notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1986, No. 52
-13 -
ACTIONS OF THE BOARD - Continued
Issued Intent Not to Disapprove Change
of Control Pursuant to Change in Bank
Control Act of 1978
Approved
Atlanta
Alabanc, Inc., Wadley, Alabama.
(12/23/86)
Chicago
Logansport Bancorp, Inc., Fort Wayne,
Indiana. 1/ (12/24/86)
Chicago
Miles Service Corporation, Miles, Iowa.
(12/23/86)
Chicago
Seaway Bancshares, Inc., Chicago, Illinois.
1/ (12/23/86)
Minneapolis
Jasper Investment Company, Inc., Jasper,
Minnesota. 1/ (12/23/86)
1/
1/
* * * * *
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), 4(c)(13) and 4(c)(14 of the Bank
Holding Company Act of 1956, as amended
Atlanta
State of New York Banking Company,
Tallahassee, Florida -- from
Banco De Credito Oruro, S.A., to establish
foreign bank agency in Florida.
* * * * *
To Establish a U.S. Branch of an Edge Act
Corporation Pursuant to Section 25(a) of the
Federal Reserve Act
Received
New York
1/
State of New York Banking Department -- to
relocate a branch from 1680 Westchester
Avenue, the Bronx, New York to 56-38 Myrtle
Avenue, Queens, New York.
Processed on behalf of the Board of Governors under
delegated authority.
H.2, 1986, No. 52
-14APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Received
Cleveland
The Dollar Savings and Trust Company,
Youngstown, Ohio -- to establish the Niles
Park Plaza Ohio located at 815
Youngstown-Warren Road, Niles, Ohio. 2/
Atlanta
First Virginia Bank, Falls Church, Virginia
-- to establish a branch at 12429 Hedges Run
Drive, Lake Ridge, Virginia. 2/
* * * * *
To Merge Pursuant to Section 18(c)
of the Federal Deposit Insurance Act
Received
Dallas
Broadway National Bank/Westplex, San Antonio,
Texas -- to merge with Broadway National
Bank, San Antonio, Texas. 2/
Dallas
Heights National Bank, San Antonio, Texas —
to merge with Broadway National Bank, San
Antonio, Texas. 2/
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Received
Richmond
Trustcorp of Michigan, Inc., Toledo, Ohio —
for approval to acquire 100 percent of the
voting shares of Commercial Bankshares, Inc.,
Adrian, Michigan, and indirectly acquire
Commercial Savings Bank, Adrian, Michigan and
The Jipson-Carter State Bank, Blissfield,
Michigan. 2/*
* * * * *
2/
Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1986, No. 52
-15-
APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to
Section 3(a)(3) of the Bank Holding Company
Act of 1956
Received
Kansas City
Omnibancorp, Denver, Colorado — for approval
to acquire 100 percent of the voting shares
of Omnibancorp Leetsdale, Denver, Colorado.
2/
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 3(a)(5) of the Bank Holding Company
Act of 1956
Received
Richmond
Trustcorp, Inc., Toledo, Ohio -- for approval
to acquire through its subsidiary, Trustcorp
of Michigan, Inc., Toledo, Ohio, 100 percent
of the voting shares of Commercial
Bankshares, Corp., Adrian, Michigan, and
indirectly Commercial Savings Bank, Adrian,
Michigan, and The Jipson-Carter State Bank,
Blissfield, Michigan. 2/
*
rk
*
*
To Expand a Bank Holding Company Pursuant to
Section 4(c)(8) of the Bank Holding Company
Act of 1956
Received
New York
Manufacturers Hanover Corporation, New York,
New York — for approval to engage through
its subsidiary, Manufacturers Hanover
Securities Corporation, New York, New York
("MHSC"), in providing certain investment
advisory and research services.
Richmond
James Madison Limited, Washington, D.C. -- to
acquire Lease Masters, Inc., Rockville,
Maryland.
2/
Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1986, No. 52
-16-
APPLICATIONS RECEIVED - Continued
Richmond
Shawsville Bancorp, Inc., Shawsville,
Virginia — to engage de novo (consumer
financial counseling; tax planning and
preparation). The activities will be
conducted in Virginia.
(12/22/86)
Atlanta
Southeast Banking Corporation, Miami, Florida
— to engage de novo (providing to others
financially related data processing and data
transmission services, facilities, and data bases;
or access to them) through its subsidiary,
Southeast Mortgage Company, Miami, Florida. These
activities will be conducted throughout the United
States.
(12/24/86)
Chicago
AMCORE Financial, Inc., Rockford, Illinois -to establish a de novo subsidiary, Amcore
Mortgage, Inc., Rockford, Illinois and to
engage de novo (making, acquiring and/or
servicing loans for itself or for others of
the type made by a mortgage company).
(12/22/86 )
Chicago
Cole-Taylor Financial Group, Inc.,
Northbrook, Illinois — to engage de novo
(engaging in the activities of a trust
company of a fiduciary, agency or custodial
nature) through its subsidiary, Cole-Taylor
Trust Company, Northbrook, Illinois.
(12/26/86)
St. Louis
Mt. Vernon Bancorp, Inc., Mt. Vernon,
Illinois -- to engage de novo (tax planning
and preparation) through its subsidiary, Mid
States Financial Service Corporation, Mt.
Vernon, Illinois. The activity will be
conducted in M t . Vernon; Marion and Johnston
City, Illinois.
(12/26/86)
San Francisco
Security Pacific Corporation, Los Angeles,
California -- for approval to engage in
permissible securities brokerage and
clearance activities through a de novo
subsidiary, Security Pacific Options Services
Corp.
San Francisco
Security Pacific Corporation, Los Angeles,
California — for approval to engage in
permissible securities brokerage and
clearance activities through a de novo
subsidiary, Security Pacific Options Trading
Corp.
H.2, 1986, No. 52
-17-
APPLICATIONS RECEIVED - Continued
* * * * *
Agreements Filed Pursuant to Section 8 of the
Securities Exchange Act of 1934
Gulf International Bank B.S.C. has filed an
agreement with the Federal Reserve Bank of
New York (which is authorized to accept such
agreements on behalf of the Board of
Governors under delegated authority),
undertaking to comply with all provisions
which relate to the use of credit to finance
transactions in securities.
The Industrial Bank of Japan, Limited has
filed an agreement with the Federal Reserve
Bank of New York (which is authorized to
accept such agreements on behalf of the Board
of Governors under delegated authority),
undertaking to comply with all provisions
which relate to the use of credit to finance
transactions in securities.
Lakeside Bank has filed an agreement with the
Federal Reserve Bank of Chicago (which is
authorized to accept such agreements on
behalf of the Board of Governors under
delegated authority), undertaking to comply
with all provisions which relate to the use
of credit to finance transactions in
securities.
@FedFRASER