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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1985 No. 52 Actions.of the Board Applications and Reports Received During the W e e k Ending December 28, 1985 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Federal Reserve Board plans to take final action at a Board meeting on January 8, 1986, on a proposed interpretation to apply margin requirements to one specific class of transactions used to obtain credit for the purchase of margin stock. Proposed amendments for comment to Regulations D (Reserve Requirements of Depository Institutions) and Q (Interest on Deposits) to preserve money market deposit accounts and to maintain penalties for early withdrawal of time deposits, in certain circumstances, for monetary policy purposes (Docket R - 0 5 6 5 ) . Amendment to Regulation D concerning reserve requirements on money market deposit accounts held by Hawaiian nonmember depository institutions, commencing with reserve maintenance period beginning January 2, 1986 (Docket R - 0 5 6 3 ) . Boston Community Bancshares, Inc., Concord, New Hampshire — extension of time to April 14, 1986, within which to become a bank holding company through the acquisition of Concord Savings Bank. 1/ New York First Fidelity Savings Bank, Morristown, N e w Jersey, proposed merger with The Morris County Savings Bank, report to the Federal Deposit Insurance Corporation on competitive factors. 1/ 1/ P r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1985 No. 52 2 ACTIONS OF THE BOARD - Continued New York Community National Bank, Addison, New York, proposed merger with Community Bank, National Association, report to the Comptroller of the Currency on competitive factors. 1/ New York Rock Financial Corporation, North Plainfield, N ew Jersey — extension of time to January 13, 1986, within which to become a bank holding company through the acquisition of North Plainfield State Bank. 1/ Philadelphia The Yardville National Bank, Hamilton, New Jersey — proposed merger with Yardville Bank, National Association, under the charter of the latter and the title of the former — report to the Comptroller of the Currency on competitive factors. 1/ Philadelphia The Moxham National Bank of Johnstown, Johnstown, Pennsylvania, proposed merger with MNB National Bank, under the charter of the latter and title of the former — report to the Comptroller of the Currency on competitive factors. 1/ Philadelphia Southern Jersey Bancorp, Bridgeton, New Jersey — extension of time to March 29, 1986, within which to start offering courier services. 1/ Richmond Farmers & Merchants Bank of South Carolina, Holly Hill, South Carolina, proposed merger with Farmers & Merchants Interim Bank, an organizing bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Richmond Sovran Financial Corporation, Norfolk, Virginia — extension of time to March 23, 1986, within which to engage de novo in providing investment advice, engaging in trust activities, and underwriting and dealing in obligations of the United States and other obligations permitted to State member banks through Sovran Investment Corporation (formerly Sovran Securities Corporation), Richmond, Virginia, nationwide. 1/ Atlanta Bank of Florida, St. Petersburg, Florida — 1/ P r o c e s s e d on b e h a l f of the Board of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1985 No. 52 3 ACTIONS OF THE BOARD - Continued investment in bank premises. 1/ Atlanta Hugh F. Culverhouse — extension of time to March 31, 1986, within which to purchase additional shares of Florida Commercial B A n k s , Inc., Miami, Florida. 1/ Atlanta First Fulton Bancshares, Inc., Palmetto, Georgia — extension of time to January 15, 1986, within which to become a bank holding company through acquisition of First Fulton Bank and Trust. 1/ Chicago State Bank of Freeport, Freeport, Illinois — investment in bank premises. 1/ Chicago Associated Banc-Corp., Green Bay, Wisconsin — extension of time to March 20, 1986, within which to establish a de novo subsidiary, Associated Insurance Corporation, Phoenix, Arizona, and engage directly as underwriter in certain insurance activities on extensions of credit, in the United States. 1/ St. Louis Kennett Bancshares, Inc., Kennett, Missouri — extension of time to December 31, 1985, within which to become a bank holding company through the acquisition of Kennett National Bank. 1/ San Francisco Security State Corporation, Centralia, Washington — extension of time to April 9, 1986, within which to acquire Security State B a n k . 1/ San Francisco United Bancorp of Arizona, Phoenix, Arizona — extension of time to divest Townhouse units. 1/ To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve A c t Approved New York Chemical Bank, N ew York, New York — to establish a branch at 17 Battery Place, New York. 1/ (12/23/85) 1/ P r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1985 No. 52 4 ACTIONS OF THE BOARD - Continued New York Peapack-Gladstone Bank, Gladstone, Ne w Jersey — to establish a branch office at the "Victorian Square" Shopping Center, Califon, N ew Jersey. 1/ (12/23/85) Cleveland Fifth Third Bank, Cincinnati, Ohio — to establish de novo branches at the following locations: Building 800, 1 Neumann Way, Cincinnati, Ohio; Building 500, 1 Neumann Way, Cincinnati, Ohio; Building 100, 1 Neumann Way, Cincinnati, Ohio, and 7101 Miami Road, Madeira, Ohio. 1/ (12/24/85) Cleveland Fifth Third Bank — to establish de novo branches at the following locations: 2316 Springmill Road, Kettering, Ohio; 2520 Shiloh Springs Road, Dayton, Ohio; and 400 Broadway, Cincinnati, Ohio. 1/ (12/26/85) Atlanta Union Bank & Trust Co., Montgomery, Alabama — to establish a branch at 2055 E. South Boulevard, Montgomery, Alabama, to be known as the Baptish Medical Branch. 1/ (12/23/85) Dallas Victoria Bank & Trust Company, Victoria, Texas — to establish an off-site electronic facility at 5006 Houston Highway, Victoria, Texas. 1/ (12/26/85) To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Approved Dallas Fort Worth State Bank, Fort Worth, Texas — proposed new bank. 1/ (12-26-85) San Francisco The Lockhart Company, Salt Lake City, Utah. 1/ (12/26/85) * * * * * Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve A c t and Sections 4(c)(9), 4(c) (13) and 4(c) (14) of the Bank Holding Company A c t of 1956, as Amended 1/ P r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. a H . 2, 1985 No. 52 5 ACTIONS OF THE BOARD - Continued Approved New York Citicorp, N ew York, N ew York — grants consent to purchase and hold, directly or indirectly, the shares of British National Life Assurance Company Limited, Haywards Heath, West Sussex, England. New York Bankers Trust N ew York Corporation, New York, New York — grants consent to acquire up to 51 percent of the shares of a pension fund administrator, Administradora de Fondos de Pensiones Provida, S.A., and over 97 percent of the shares of a life insurance company, Compania de Seguros de Vida Consorcio Nacional de Seguros S.A., both Santiago, Chile. * * * * * To Expand a Bank Holding Company Pursuant Section 3 ( a ) (1) of the Bank Holding Company Ac t of 1956 Approved Boston First Regional Bancorp, I n c . , Hartford, Connecticut — for approval to acquire 100 percent of the voting shares of First National Bank-CT, Hartford, Connecticut. 1/ (12/24/85) Cleveland FNB Shares, Inc., M c C o n n e l s v i l l e , Ohio — for approval to acquire 100 percent of the voting shares of The First National Bank of McConnelsville, McConnelsville, Ohio. 1/ (12/27/85) Cleveland Huntington Bancshares Kentucky, Inc., Columbus, Ohio — for approval to acquire 100 percent of the voting shares of Commonwealth Trust Bancorp, Inc., Covington, Kentucky and indirectly Covington Trust & Banking Company, Covington, Kentucky; Peoples Deposit Bank, Burlington, Kentucky, The Farmers Bank, Butler, Kentucky. 1/ (12/27/85) Atlanta FNS Bancshares, Inc., Scottsboro, Alabama — for approval to acquire 100 percent of the voting shares of The First National Bank, 1/ P r o c e s s e d on b e h a l f of the Boa r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H. 2, 1985 No. 52 6 ACTIONS OF THE BOARD - Continued Scottsboro, Alabama and Northeast State BAnk of Alabama, Henegar, Alabama. 1/ (12/24/85) Minneapolis Darman Financial of Minnesota, Inc., Harmony, Minnesota — for approval to acquire 98 percent of the voting shares of Harmony State Bank, Harmony, Minnesota. 1/ (12/27/85) Minneapolis St. Paul Bancshares, Inc., St. Paul, Minnesota — for approval to acquire 94.13 percent of the voting shares of Summit State Bank of Phalen Park, St. Paul, Minnesota. 1/ (12/26/85) Dallas Rising Star Bancshares, Inc., Rising Star, Texas — for approval to acquire 85.24 percent of the voting shares of First State Bank of Rising Star, Rising Star, Texas. 1/ (12/24/85) Dallas Western Bancshares of Alamogordo, Inc., Alamogordo, N ew Mexico — for approval to acquire 80 percent of the voting shares of Western Bank, Alamogordo, New Mexico. 1/ (12/23/85) * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (3) of the Bank Holding Company Act of 1956 Withdrawn Dallas Equitable Company of Texas, Dallas, Texas — for approval to acquire 4.9 percent of the voting shares of First Lubbock Bancshares, Inc., Lubbock, Texas and indirectly First National Bank of Lubbock, Lubbock, Texas. (12/24/85) Dallas MCorp, Dallas, Texas and MCorp Financial, Inc., Wilmington, Delaware — for approval to acquire 4.9 percent of the voting shares of First Lubbock Bancshares, Inc., Lubbock, Texas and indirectly First National Bank at Lubbock, Lubbock, Texas. (12/24/85) Approved 1/ P r o c e s s e d on b e h a l f of the Boa r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H . 2 , 1985 No. 52 7 ACTIONS OF THE BOARD - Continued Cleveland AmeriTrust Corporation, Cleveland, Ohio — for approval to acquire 100 percent of the voting shares of AmeriTrust Development Bank, Cleveland, Ohio, a proposed new bank. 1/ (12/24/85) Cleveland Huntington Bancshares Incorporated, Columbus, Ohio — for approval to acquire 100 percent of the voting shares of Commonwealth Trust Bancorp, Inc., Covington, Kentucky, and indirectly Covington Trust & Banking Company, Covington, Kentucky; Peoples Deposit Bank, Burlington, Kentucky; The Farmers Bank, Butler, Kentucky. 1/ (12/27/85) Chicago Citizens Financial Corporation, Highland Park, Illinois — for approval to acquire 100 percent of the voting shares of the successor by merger to First National Bank of Skokie, Skokie, Illinois. 1/ (12/24/85) Chicago First Busey Corporation, Urbana, Illinois — for approval to acquire 100 percent of the voting shares of Farmers State Bank of Heyworth, Heyworth, Illinois. 1/ (12/23/85) Chicago First Colonial Bankshares Corporation, Chicago, Illinois — for approval to acquire 100 percent of the voting shares of Community Bank & Trust Company of Edgewater, Chicago, Illinois. 1/ (12/27/85) Chicago First Illini Bancorp, Inc., Galesburg, Illinois — for approval to acquire 100 percent of the voting shares of Madison Park Bank, Peoria, Illinois. 1/ (12/24/85) Chicago F & M Financial Services Corporation, Menomonee Falls, Wisconsin — for approval to acquire 100 percent of the voting shares of The Farmers State Bank, Sullivan, Wisconsin. 1/ (12/23/85) Dallas FWNB Bancshares, Inc., Carrollton, Texas — for approval to acquire 100 percent of the voting shares of First Western National Bank of Mesquite, Mesquite, Texas, a proposed new bank. 1/ (12/24/85) Dallas FWNB Bancshares, Inc., Carrollton, Texas — 1/ P r o c e s s e d on b e h a l f of the Boa r d of G o v e r n o r s u nder d e l e g a t e d authority. H . 2, 1985 No. 52 8 ACTIONS OF THE BOARD - Continued for approval to acquire 100 percent of the voting shares of First Western National Bank of Plano, Plano, Texas, a proposed new bank. 1/ (12/24/85) Dallas International Bancshares Corporation, Laredo, Texas — for approval to acquire 100 percent of the voting shares of Intercontinental National Bank- S t a r c r e s t , San Antonio, Texas. If (12/26/85) To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (5) of the Bank Holding Company A ct of 1956 Approved Atlanta First National Bancorp, Gainesville, Georgia — for approval to merge with First Jackson Bancorp, Jefferson, Georgia, and indirectly acquire First National Bank of Jackson County, Jefferson, Georgia. 1/ (12/23/85) * * * * * To Expand a Bank Holding Company Pursuant to Section 4 ( c ) (8) of the Bank Holding Company Ac t of 1956 Withdrawn New York First Fidelity Banc o r p o r a t i o n , Newark, N e w Jersey — to expand the geographic areas of its nonbanking subsidiaries to any state within the U.S. for the following de novo activities (discount securities brokerage activities including certain securities credit and incidental activities; making, acquiring and/or servicing loans for itself or for others of the type made by a consumer finance company; a sales finance company; a commercial finance company; selling credit life, disability, or involuntary unemployment insurance; and any insurance agency activity engaged in by a bank holding company or a subsidiary on or before May 1, 1982.) (12/22/85) Chicago The Marine Corporation Milwaukee, Wisconsin 1/ P r o c e s s e d on b e h a l f of the Boa r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H . 2, 1985 No. 52 9 ACTIONS OF THE BOARD - Continued — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, Marine Investment Services Corporation, Milwaukee, Wisconsin. The geographic area to be served will be the States of Wisconsin, Minnesota, Illinois, Iowa, Indiana and Michigan. (12/23/85) Returned Minneapolis Norwest Corporation, Minneapolis, Minnesota — to engage de novo (advising a mortgage or real estate investment trust; advising a company registered under the Investment Company Act of 1940; providing portfolio investment advice to any person; providing economic information and advice, statistical forecasting services, and industry studies; providing financial advice to state and local g o v e r n m e n t s ) . (11/25/85) Approved Cleveland Huntington Bancshares Incorporated, Columbus, Ohio — for approval to acquire 100 percent of the voting shares of Commonwealth Banclease, Inc., Covington, Kentucky. 1/ (12/27/85) Cleveland Huntington Bancshares Kentucky, Inc., Columbus, Ohio — for approval to acquire 100 percent of the voting shares of Commonwealth Banclease, Inc., Covington, Kentucky. 1/ (12/27/85) Atlanta AmSouth B a n c o r p o r a t i o n , Birmingham, Alabama; First Alabama Bancshares, Inc., Montgomery, Alabama; South Trust Corporation, Birmingham, Alabama; Central Bancshares of the South, Inc., Birmingham, Alabama; the Colonial BancGroup, Inc., Montgomery, Alabama; First National Corporation of Alexander City, Inc., Alexander City, Alabama;, Auburn National Bancorporation, Auburn, Alabama — for approval to acquire at least 9 percent of the voting shares of Alabama Network, Inc., Birmingham, Alabama, in organization. 1/ (12/26/85) 1/ P r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1985 No. 52 10 ACTIONS OF THE BOABD - Continued San Francisco Metro Bancorp, Incorporated, Phoenix, Arizona — to acquire M. B. Mortgage Company, Phoenix, Arizona and thereby engage in brokering, servicing, originating and selling loans. 1/ (12/23/86) 1/ P r o c e s s e d on b e h a l f of the Bo a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1985 No. 52 11 ACTIONS OF THE BOARD - Continued Permitted Boston BayBanks, Inc., Boston, Massachusetts — to engage de novo (providing portfolio investment advice to any person) through its subsidiary, BayBanks Investment Management, Inc., Boston, Massachusetts. This activity would be conducted on a nationwide basis. (12/22/85) 3/ Cleveland Ameritrust Corporation, Cleveland, Ohio — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a consumer finance company) through its subsidiary, AT Acceptance Corporation, Cleveland, Ohio. The activities will be conducted throughout the entire United States. (12/22/85) 3/ Cleveland Mellon Bank Corporation, Pittsburgh, Pennsylvania — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through Mellon Brokerage Services Corporation, Inc., Pittsburgh, Pennsylvania. (12/22/85) 3/ Cleveland Society Corporation, Cleveland, Ohio — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through a proposed new subsidiary, Society Investor Services Corporation, Cleveland, Ohio. (12/27/85) 3/ Atlanta Brantley Bancorp, Inc., Brantley, Alabama — to engage de novo (making, acquiring, and/or servicing loans for itself or for others of the type made by a commercial finance company? selling credit life, disability, or involuntary unemployment i n s u rance). The geographic area to be served will be throughout the United States. (12/23/85) 3/ Atlanta First State Bancshares, Inc., Pensacola, Florida — to engage de novo (providing others financially related data processing and data transmission services, facilities, and data bases; or access to them) through its subsidiary, First State Service 3/ N o t i f i c a t i o n p r o c e s s e d by R e s e r v e B a n k on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H. 2 , 1985 No. 52 12 ACTIONS OF THE BOARD - Continued Corporation, Pensacola, Florida. The primary operating area will be Escambia County, Florida and its contiquous c o u n t i e s . (12/28/85) 3/ Atlanta Franklin First National Corporation, Decherd, Tennessee — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company; selling credit life, disability, or involuntary unemployment insurance) through a proposed new subsidiary, Franklin First National Mortgage Company, Decherd, Tennessee. The geographic area to be served is Southern Middle Tennessee and Northern Alabama. (12/26/85) 3/ Chicago First United Financial Services, Inc., Arlington Heights, Illinois — to engage de novo (engaging in the activities of a trust company of a fiduciary, agency, or custodial nature) through the acquisition of First United Trust Company, Oak Park, Illinois. (12/27/85) 3/ St. Louis Citizens Fidelity Corporation, Louisville, Kentucky — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities; underwriting and dealing in obligations of the United States, genera obligations of states and political subdivisions, and other obligations in which state member banks are authorized to underwrite and deal) through its wholly-owned subsidiary, Citizens Fidelity Capital Markets, Inc., Louisville, Kentucky. (12/26/85) 3/ St. Louis McKenzie Holding Company, McKenzie, Tennessee — to engage de novo (making acquiring and/or servicing loans for itself or for others of the type made by a consumer finance c o m p a n y ) . (12/27/85) 3/ Kansas City Herington Bancshares, Inc., Herington, Kansas — to engage de novo (engaging in insurance agency activities in a town of less than 5,000 persons; performing real estate 3/ N o t i f i c a t i o n p r o c e s s e d by R e s e r v e B a n k on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H . 2 , 1985 No. 52 13 ACTIONS OF THE BOARD - Continued appraisals) through Herington Financial Services, Inc., Herington, Kansas. These activities would be conducted throughout the State of Kansas. (12/26/85) 3/ Kansas City Utica Agency, Inc., Utica, Kansas — to engage de novo (engaging in insurance agency activities in a town less than 5,000 persons). (12/26/85) 3/ Dallas Texas American Bancshares, Inc., Fort Worth, Texas — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them) through the acquisition of Texas American Services, Inc., Forth Worth, Texas. (12/27/85) 3/ San Francisco First Independent Investments Group, Inc., Vancouver, Washington -- to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company; and a commercial finance c o m p a n y ) . (12/26/85) 3/ * * * * * Redemption of Shares Approved Chicago Lizton Financial Corporation, Lizton, 1/ (12/27/85) Indiana Minneapolis Culbertson Ban Corp., Culbertson, Montana. 1/ (12/27/85) Minneapolis Hunter Holding Company, Hunter, North Dakota. 1/ (12/27/85) Kansas City Mid-America Bancshares, Inc., Girard, Kansas. 1/ (12/23/85) Kansas City SCB Financial Corporation, Smith Center, Kansas. 1/ (12/23/85) 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, 1985 No. 52 14 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received New York Chemical Bank, New York, New York — to establish a branch at 333 West 34th Street, New York, N ew York. 2/ New York Norstar Bank of Upstate N ew York, Albany, New York — to establish an offsite electronic facility at One Norstar Plaza, Albany, New York. 2/ Richmond First Virginia Bank, Falls Church, Virginia — to establish a branch at James Madison Highway and Belle Avenue, Culpeper, Virginia. 2/ Richmond The Suburban Bank, Richmond, Virginia — establish a branch at 9960 Midlothian Turnpike, Richmond, Virginia. 2/ to Chicago Davenport Bank and Trust Company, Davenport, Iowa — to establish an offsite electronic facility at 3021 Rockingham Road, Davenport, Iowa. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Received Altanta Georgia Bankers Bank, Atlanta, Georgia. St. Louis First Exchange Bank of St. Louis, St. Louis, Missouri, (a de novo b a n k ) . 2/ 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (1) of the Bank Holding Company Act of 1956 2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t Act. Th e C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e B a n k m a y be conta c t e d as to the length of the co m m e n t period. H . 2, 1985 No. 52 15 APPLICATIONS RECEIVED - Continued Received New York United Bank Corporation of New York, Downsville, N ew York — for approval to acquire 100 percent of the voting shares of The First National Bank of Downsville, Downsville, Ne w York. 2/ Cleveland Fifth Third Kentucky Bancorp, Inc., Florence, Kentucky — for approval to acquire 100 percent of the voting shares of First Kentucky Bancshares, Inc., Florence, Kentucky, and indirectly acquire Boone State Bank & Trust Co., Florence, Kentucky. 2/ Richmond First Union Corporation of Georgia, Charlotte, North Carolina — for approval to acquire 100 percent of the voting shares of Citizens DeKalb Bank, Clarkston, Georgia. 2/ Atlanta Belle Glade Bank Corporation, Belle Glade, Florida — for approval to acquire 100 percent of the voting shares of Bank of Belle Glade, Belle Glade, Florida. 2/ Atlanta United Pinellas Corporation, St. Pettersburg, Florida — for approval to acquire 80 percent of the voting shares of Pinellas Bancshares Corporation, St. Petersburg, Florida and indirectly acquire United Bank of Pinellas, St. Petersburg, Florida. 2/ Chicago Bancorp of Rantoul, Inc., Mahomet, Illinois for approval to acquire 100 percent of the voting shares of Bank of Rantoul, Rantoul, Illinois. 2/ Chicago Horizon Bancshares, Inc., Lombard, Illinois — for approval to acquire at least 99.12 percent of the voting shares of State Bank of Lombard, Lombard, Illinois. 2/ Chicago M & I Marytown Corporation, Marvtown, Wisconsin — for approval to acquire 100 percent of the voting shares of Marytown Bancshares, Inc., N e w Holstein, Wisconsin and and indirectly acquire Farmers & Merchants Bank, Marytown, Wisconsin. 2/ St. Louis Bancshares of Urbana, Urbana, Missouri — for 2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e Ban k m a y be c o n t a c t e d as to the length of the c o m m e n t period. H.2, 1985 No. 52 16 APPLICATIONS RECEIVED - Continued approval to acquire at least 80 percent of the voting shares of The Bank of Urbana, Urbana, Missouri. 2/ St. Louis Gideon Bancshares Company, Dexter, Missouri — for approval to acquire 80 percent of the voting shares of Commercial Bank of Gideon, Gideon, Missouri. 2/ St. Louis Lewis & Clark Bancshares, Inc., Wood River, Illinois — for approval to acquire at least 80 percent of the voting shares of First National Bank of Wood Rivet, Wood River, Illinois. 2/ St. Louis Mercantile Bancshares, Inc., Jonesboro, Arkansas — for approval to acquire 100 percent of the voting shares of Mercantile Bank, Jonesboro, Arkansas. 2/ Kansas City Crown Bancshares, Inc., Omaha, Nebraska — for approval to acquire 100 percent of the voting shares of First United Bank of Bellevue, Bellevue, Nebraska, a proposed new bank. 2/ Dallas Casa Linda Financial Corporation, Dallas, Texas — for approval to acquire 100 percent of the voting shares of Independent Bank, N.A., Dallas, Texas, a proposed new bank. 2/ Dallas First National Bancorporation of Ennis, Inc., Ennis, Texas — for approval to acquire 100 percent of the voting shares of First National Bank of Ennis, Ennis, Texas, a proposed new bank. 2/ Dallas First Sierra Bancshares, Inc., Truth or Consequences, N e w Mexico — for approval to acquire 100 percent of the voting shares of Walz-Stuart Agency, Inc., Truth or C o n s e q u e n c e s , Ne w Mexico and indirectly First Sierra National Bank, Truth or Consequences, N ew Mexico. 2/ Dallas NBC Company, San Antonio, Texas — for approval to acquire 100 percent of the voting shares of Corpus Christi Bancshares, Inc., Corpus Christi, Texas and indirectly Citizens 2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e Ban k m a y b e c o n t a c t e d as to the length of the c o m m e n t period. H.2, 1985 No. 52 17 APPLICATIONS RECEIVED - Continued State Bank of Corpus Christi, Corpus Christi, Texas. 2/ Dallas Qviitman B a n c o r poration, Tnc., Quitman, Texas — for approval to acquire 100 percent of the voting shares of The First National Bank of Quitman, Quitman, Texas. 2/ Dallas Texas Central Bancorporation, Inc., Joshua, Texas — for approval to acquire 7i.25 percent of the voting shares of First National Bank in Joshua, Joshua, Texas. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (3) of the Bank Holding Company Act of 1956 Received Boston Hartford National Corporation, Hartford, Connecticut — for approval to acquire i00 percent of the voting shares of The Provident Institution for Savings in the Town of Boston, Boston, Massachusetts. 2/ Cleveland Fifth Third Bancorp, Cincinnati, Ohio — for approval to acquire 100 percent of the voting shares of First Kentucky Bancshares, Inc., Florence, Kentucky and indirectly acquire Boone State Bank & Trust Com., Florence, Kentucky. 2/ Richmond First Union Corporation, Charlotte, North Carolina, for approval to acauire 100 percent of the voting shares of Citizens DeKalb Bank, Clarkston, Georgia. 2/ Atlanta Banco Nororiental de Venezuela, C.A., Apartado Caracas, Venezuela — for approval to acquire at least 10 percent of the voting shares of Eastern National Bank, Hialeah, Florida. 2/ Chicago Edgewood Bancshares, Inc., Countryside, Illinois — for approval to acquire 25 percent of the voting shares of Horizon Bancschares, Inc., Lombard, Illinois and indirectly acquire State Bank of Lombard, Lombard, Illinois. 2/ 2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e Re s e r v e Ban k m a y be c o n t a c t e d as to the length of the co m m e n t period. H.2, 1985 No. 52 18 APPLICATIONS RECEIVED - Continued Chicago Lake Shore Bancorp, Inc., Chicago, Illinois — for approval to acquire 100 percent of the voting shares of Bank of Hinsdale, Hinsdale, Illinois. 21 Chicago Old Kent Financial C o r p . , Grande Rapids, Michigan — for approval to acquire 100 percent of the voting shares of First State Bank of Greenville, Greenville, Michigan. 2/ St. I.ouis First Exchange Corpo. Cape Girardeau, Missouri — for approval to acquire 100 percent of the voting shares of First Exchange Bank of St. Louis, St. Louis, Missouri, a proposed new bank. 2/ Dallas Allied Bancshares, Inc., Houston, Texas — for approval to acquire 100 percent of the voting shares of Allied Bank Northwest, N . A . , San Antonio, Texas, a proposed new bank. 2/ Dallas First Chico Bancshares, Inc., Chico, Texas — for approval to acquire 62.05 percent of the voting shares of Strawn Bancshares, Inc., Strawn, Texas and indirectly acquire Strawn Security Bank, Strawn, Texas. 2/ Dallas Independent Community Financial Corporation, Dallas, Texas — for approval to acquire 51 percent of the voting shares of Casa Linda Financial Corporation, Dallas, Texas and indirectly acquire Independent Bank, N.A., Dallas, Texas, a proposed new bank. 2/ Dallas National Bancshares Corporation of Texas, San Antonio, Texas — for approval to acquire 100 percent of the voting shares of Corpus Christi Bancshares, Inc., Corpus C h r i s t i , Texas and indirectly Citizens State Bank of Corpus Christi, Corpus, Christi, Texas. 2/ * * * * * 2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e Re s e r v e B a n k m a y be c o n t a c t e d as to the length of the co m m e n t period. H.2, 1985 No. 52 19 APPLICATION RECEIVED - Continued To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company A ct of 1956 Received Atlanta Pinellas Bancshares Corporation, St. Petersburg, Florida — for approval to merge with United Pinellas Corporation, St. Petersburg, Florida and indirectly acquire United Bank of Pinellas, St. Petersburg, Florida. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4 ( c ) (8) o f the Bank Holding Company Ac t of 1956 Received Boston Hartford National Corporation, Hartford, Connecticut — for approval to acquire Bay State Improvement Corporation, Boston, Massachusetts, and Provident Financial Services, Inc., West Newton, Massachusetts. Boston N ew Hampshire Savings Bank C o r p . , Concord, N ew Hampshire — to acquire National Mortgage Company, Inc., Nashua, N ew Hampshire thereby engaging in marketing, originating, underwriting, funding, warehousing, packaging and servicing for its own account and for the account of others, loans and extensions of credit in the secondary market. New York First Fidelity Bancorporation, Newark, New Jersey — to expand the geographic areas of its various nonbanking subsidiaries to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company; a consumer finance company; a sales finance company; and a commercial finance company; selling credit life, disability, or involuntary unemployment insurance; any insurance agency activity engaged in by a bank holding company or a 2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e Ban k m a y be c o n t a c t e d as to the length of the co m m e n t period. H.2, 1985 No. 52 20 APPLICATIONS RECEIVED - Continued subsidiary on or before May 1, 1982; discount securities brokerage activities including certain securities credit and incidental a c t i v i t i e s ) . (12/23/85) New York Norstar Bancorp, Inc., Albany, N e w York — for approval to acquire 100 percent of the voting shares of Intercounty Mortgagee Corp., Hempstead, Ne w York. Cleveland Huntington Bancshares Incorporated, Columbus, Ohio — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, The Huntington Company, Columbus, Ohio. (12/26/85) Cleveland Toledo Trustcorp, Inc., Toledo, Ohio — to engage de novo (engaging in the activities of a trust company of a fiduciary, agency, or custodial nature) through its subsidiary, Trustcorp of Florida, N.A. (12/24/85) Richmond Bank of Virginia Company, Richmond, Virginia — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, BVA Investment Corp., Richmond, Virginia. The activities would be conducted nationwide. (12/23/85) Chicago Central Wisconsin Bankshares, Inc., Wausau, Wisconsin — for approval to acquire 100 percent of the voting shares of First American Investment Incorporated, Wausau, Wisconsin. Chicago Naperville Financial Corporation, Naperville, Illinois — to establish a de novo subsidiary, Naper Securities Corporation, Naperville, Illinois, and to engage de novo (discount securities brokerage activities including certain securities credit and incidental activi t i e s ) . (12/23/85)
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