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ANNDUNCEMEOT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.a, 1979 NO. 52)
Actions of the Bsatd/ Applications and Reports
Received During the Week Ending Deggtfcer, 29, 197g
APPLICABLE
RESERVE BANK
ACTICWS OF IHE BOAHD
Anrouncesment by the Federal Financial Institutions
Examination Council
the adoption of a report of
condition to bet reqy^ad quarterly frqg^UfS.
and agencies of foreign and Puerto Ricari banks
St. Louis
Citizens Bancshares Corporation, Jonesboro, Arkansas,
extension of time to January 3, 1980, within which to
become a bank holding company trough acquisition of
Citizens Bank of Jonesboro, Jcnc-'h - r-1'
1/
Dallas
First Bancorporation of Cleveland, Inc., Cleveland, Texas,
extension of time to February 28, 1980, within which
to consummate the acquisition of First Bank and Trust,
Cleveland, Texas. 1/
Dallas
First Greenville Bancshares, Inc., Greenville, Texas,
extension of time to April 1, 1980, within which to
consummate the acquisition of First Greenville National
Bank, Greenville, Texas. 1/
Dallas
First United Bancorporation, Inc., Fort Worth, Texas,
extension of time to March 10, 1980, within which to
consummate the acquisition of First United Bank Arlington, N.A., Arlington, Texas, a proposed new
bank. 1/
*
Kansas City
Firstbank Holding Company, Lake^vood, Colorado, extension of time to April 12, 1980, within which to consummate the acquisition of: (1) Firstbank of Villa
Italia, National Association, Lakewood, a proposed new
bank; and (2) Firstbank of Governor1 s Ranch, National
Association, Denver, Colorado, a proposed new bank. 1/
7\tlan':a
Florida Bankshares, Inc., Hollywood, Florida, extension
of time to March 21, 1980, within which to acquire
additional shares of the First National Bank of Sebring,
Sebring, Florida. 1/
TJ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1979 No. 52
—
2
—
ACTIONS OF THE BQARD-Continued
Dallas
Freer Bancshares, Inc., Freer, Texas, extension of time
to March 3, 1980, within which to consummate the acquisition of Brush Country Bank, Freer, Texas. 1/
Richmond
Martin Marietta Aluminum, Inc., Bethesda, Maryland,
termination of registration. 1/
Dallas
Peoples Bancshares, Inc., Belton, Texas, extension of
time to February 25, 1980, within which to consummate
the acquisition of The Peoples National Bank of Belton,
Belton, Texas. 1/
Dallas
Port City Bancshares, Inc., Houston, Texas, extension
of time to January 26, 1980, within which to consummate
the acquisition of Port City State Bank, Houston,
Texas. 1/
Philadelphia
Provident National Bank, Bryan Mawr, Pennsylvania, to
accept drafts up to 100 per cent of its paid-in
capital and surplus. 1/
Dallas
Reunion Bancshares, Inc., Dallas, Texas, extension of
time to February 11, 1980, within which to consummate .
the acquisition of Reunion Bank, Dallas, Texas. 1/
Atlanta
Trust Company of Georgia, Atlanta, Georgia, extension
of time to April 20, 1980, within which to acquire The
Citizens Bank, Douglasville, Georgia. 1/
Dallas
Wharton Capital Corporation, Houston, Texas, extension
of time to March 5, 1980, within which to consummate
the acquisition of Security Bank and Trust Company,
Wharton, Texas. 1/
Dallas
WynnewDod
of time
summate
Dallas,
Kansas City
Wyoming incorporation, Cheyenne, Wyoming, extension
of time to March 12, 1980, within which to consummate
the acquisition of First hVcming Bank-Douglas, Douglas,
Wycrning, a proposed new bank. 1/
At] ::V„r -
1/
<?•-/ i-r
Bancshares, Inc., Dallas, Texas, extension
to February 29, 1980, within which to conthe acquisition of Wynnevtood Bank & Trust,
Texas. 1/
VpLoh Ban v. of Sunzror County, Gallatin, Tennessee,
::tc in bank premises. 1/
pplicaticn proce^r ? !
behalf of the Eenrd of Governors under delegated
H.2, 1979 No. 52
- 3 ACTIONS OF THE BQARD-Continued
St. Louis
Farmers and Merchants Bank, Hannibal, Missouri, an
additional investment in bank premises* 1/
Chicago
Springfield Marine Bank, Springfield, Illinois, an investment in bank premises to remodel EDP facility. 1/
San
T:
rancisco
United California Bank, Los Angeles, California, extension of time to July 3, 1980, within which to establish a branch in the vicinity of Valencia Boulevard
and McBean Parkway, Valencia, California. 1/
San
Francisco
United
sion
lish
back
Kansas City
Bank of Broadmoor, Colorado Springs, Colorado, a proposed new bank, an extension of time to March 26,
1980, within which to complete its application for
membership in the Federal Reserve System. 1/
California Bank, Los Angeles, California, extenof time to July 11, 1980, within which to estaba branch in the vicinity of Otay Lakes and RidgeRoads, Chula Vista, California. 1/
1/ Application processed on behalf of the Board of Governors under delegated
~~ authority.
H.2, 1979 No, 52
ACTIONS OF THE BQAPD-Ccfiitinued
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Philadelphia
Approved
Girard Bank, Bala Cynwyd, Pennsylvania. Branch to
be established at 30 East State Street, Media, Pennsylvania, inside an existing Thriftway irarket. 1/ & 2/
Cleveland
Ameritrust Company of Franklin County, Columbus, Ohio.
Branch to be established at the northwest corner of
Broadwiew and Fifth Avenue, Columbus, Franklin County,
Ohio. 1/ & 2/
Chicago
Springfield Marine Bank, Springfield, Illinois. Branches
to be established at St. John's Hospital, 800 East
Carpenter, Springfield, Illinois? West Grand Plaza,
1305 Wabash Avenue, Springfield, Illinois; Kent's IGA,
1830 Stevenson Drive, Springfield, Illinois, and
Sangamon Center North, 1901 Sangamon Avenue, Springfield, Illinois. 1/ & 2/
San
Francisco
Valley Bank and Trust Company, Salt Lake City, Utah.
Branch to be established in the vicinity of 5700 South
and Redwood Road, Family Center, Salt Lake City, Utah.
1/ & 2/
San
Francisco
United California Bank, Los Angeles, California. Branch
to ke established at 18023 Studebaker Road, Cerritos,
Los Angeles, California. 1/ & 2/
New York
Chemical Bank, New York, New York. Branch to be established at Erasco Services, Incorporated, 86th floor, 2
World Trade Center, South Tower, New York, New York.
y & 2/
New York
Chemical Bank, New York, New York. Branch to be established on the first floor of Avis Rent-a-Car Systems
Incorporated, 900 Old Country Road, Garden City East,
Nassau County, New York, 1/ & 2/
1/ Application processed on Ixthalf of the Board of Governors under delegated
authority.
2/ Application subject to Ccnmmity Reinvestment Act. The Comrunity
Pqinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the canrent peric-i.
ACTIONS OF THE BQARDK^tinued
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
Approved
Cleveland Trust International Corporation, Cleveland,
Ohio: approval granted to the amendment of Article
First of the Articles of Association of the Cleveland
Trust International Corporation, Cleveland, Ohio to
change EDGE'S name to AmeriTrust International Corporation.
Sixty Day Notification Period Allowed to Expire
Citibank Overseas Investment Corporation, Wilmington,
Delaware: no objection to (1) acquire up to 7,500
additional shares of Prestamos Presto de Puerto Rioo,
Inc. ("Prestamos"), San Juan, Puerto Rioo and (2)
contribute to Prestamos1 capital surplus.
Citicorp Overseas Investment Corporation, Wilmington,
Delaware: no objection to increase its investment in
Citicorp Y Rio - Banco de Inversion S.A., Buenos
Aires, Argentina.
J. P. Morgan and Company Inc., New York, New York: no
objection to establish a premises holding company,
Morgan Fonciere Cayman Islands Ltd. (Fonciere), in
George Town, Cayman Islands.
Manufacturers Hanover International Banking Corporation, New York, New York: no objection to make an
additional investment in a joint venture, Anglo
Romanian Bank Limited, London, England.
North Carolina National Bank, Charlotte, North Carolina:
no objection to make an additional investment in
Carolina Bank Limited, London, England.
H.2, 1979 No. 52
-
6
-
ACTIONS OF THE BQARD-Continued
To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Canpany Act of 1956
Chicago
Approved
First Naperville Bancorporation, Inc., Naperville,
Illinois, for approval to acquire 80 per cent or more
of the voting shares of The First Bank, Naperville,
Naperville, Illinois. 1/ & 2/
St. Louis
Callao Bancshares, Inc., Callao, Missouri, for approval to acquire 95.0 per cent of the voting shares
of Callao Community Bank, Callao, Missouri. 1/ & 2/
Minneapolis
Buffalo National Bancshares, Inc., Buffalo, Minnesota,
for approval to acquire 85.24 per cent of the voting
shares of Buffalo National Bank, Buffalo, Minnesota.
V & 2/
Minneapolis
CITIZENS STATE BANCORPORATION, Petersburg, North Dakota,
for approval to acquire 97 per cent of the voting
shares of Citizens State Bank of Petersburg, Petersburg, North Dakota. 1/ & 2/
Minneapolis
D & B Holding Company, Inc., Beulah, North Dakota, for 2
approval to acquire 95.3 per cent of the voting shares
of Bank of Beulah, Beulah, North Dakota. 1/ & 2/
Minneapolis
Verndale Bancshares, Inc., Vemdale, Minnesota, for approval to acquire 94 per cent of the voting shares of
The First National Bank of Verndale, Vemdale, Minnesota.
V & 2/
Kansas City
Central Bancorporation, Inc., Denver, Colorado, for approval to acquire 99 per cent of the voting shares of
Central Bank of Denver, Denver; 100 per cent of the
voting shares of Central Bank of Aurora, Aurora; 97
per cent of the voting shares of Central Bank of North
Denver, Denver; 100 per cent of the voting shares of
First National Bank of Glenwood Springs, Glenwood
Springs; 100 per cent of the voting shares of First
National Bank in Grand Junction, Grand Junction; 100
per cent of the voting shares of First National Bank
in Aspen, Aspen; 100 per cent of the voting shares
1/ Application p^occser "i o * behalf of the Board of Governors under delegated
authority.
2/ Application.subjeeK to Can:vanity Reinvestment Act. The Carmanity
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the ccninent period.
H.2, 1979 No. 52
— 7 ~
ACTIONS OF THE BQARD-Cctntinued
of First National Bank-North in Grand Junction, Grand
Junction; 100 per cent of the voting shares of Central
Bank of Colorado Springs, Colorado Springs; 99 per
cent of the voting shares of Central Bank of Academy
Boulevard, Colorado Springs; 100 per cent of the
voting shares of Rocky Ford National Bank, Rocky Ford;
98 per cent of the voting shares of Central Bank of
Greeley, Greeley; and 100 per cent of the voting
shares of First National Bank in Craig, Craig, all
located in Colorado. 1/ & 2/
Kansas City
Leigh Corporation, Leigh, Nebraska, for approval to
acquire 80 per cent or more of the voting shares of
Bank of Leigh, Leigh, Nebraska. 1/ & 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Dallas
Approved
Southwest Bancshares, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares
(less directors' qualifying shares) of The Woodlands
National Bank, The Woodlands, Montgomery County,
Texas, a proposed new bank. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c) (8) of the Bank Holding Ccmpany Act of 1956
Chicago
Returned
Court Acceptance Company, Pekin, Illinois, notification
of intent to continue to engage in de novo activities
(acting as agent for credit life and health and accident insurance related to extensions of credit by its
subsidiary, First State Bank of Pekin, Pekin, Illinois)
(12/27/79) 3/
17 Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Ccvrmuiiity Reinvestment Act. The Conmunity
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2, 1979 No. 52
8 -
ACTIONS OF THE BQARD-Continued
St. Louis
St. Louis
Philadelphia
Richmond
Richmond
Approved
Callao Bancshares, Inc., Callao, Missouri, for approval to engage in the sale of credit life and
credit accident and health insurance directly related
to extensions of credit made by Community Bank, Callao,
Missouri. 1/
First Tennessee National Corporation, Memphis, Tennessee,
for approval to retain 100 per cent ownership of the
voting shares of Norlen Life Insurance Company,
Phoenix, Arizona. V
Delayed
First Pennsylvania Corporation, Philadelphia, Pennsylvania, notification of intent to relocate the
Columbus, Ohio office of Investors Mortgage Company
and Investors Loan Corporation to Reynoldsburg, Ohio
and add the sale of credit accident and health insurance to the activities of Investors Mortgage Company (12/27/79) 3/
Reactivated
South Carolina National Corporation, Columbia, South
Carolina, notification of intent to engage in de novo
activities (offering property insurance directly
related to extensions of credit) at 408 East Main
Street, Forest City, North Carolina, through its
subsidiary, Provident Financial Corporation (12/28/79)
1/
Permitted
NCNB Corporation, Charlotte, North Carolina, notification of intent to engage in de novo activities (acquiring and liquidating real estate and other property
presently owned, directly and indirectly, by NCNB
Corporation's subsidiaries, NCNB Mortgage Corporation
and Tr^nH'-uth Financial Corporation, which property
L.r. r,r^yj','2sly teen obtained by said subsidiaries
ACTIONS OF THE BCARD-Ctontimied
Richmond
South Carolina National Corporation, Columbia, South
Carolina, notification of intent to engage in de novo
activities (offering property insurance directly
related to extensions of credit) at 408 East Main
Street, Forest City, North Carolina, through its
subsidiary, Provident Financial Corporation (12/29/79)
2/
St, Louis
Mark Twain Bancshares, Inc. , St. Louis, Missouri, notification of intent to engage in de novo activities
(leasing personal property or acting as agent, broker,
or adviser in the leasing of such,property? all of the
leases will be the functional equivalent of extensions
of credit to the lessees and all of the property to be
leased will be acquired for specific leasing transactions
and all other terms and conditions of the activity
will be in accordance with the Board's Regulation Y) at
8820 Ladue Road, St. Louis, Missouri, through its
subsidiary, Mark Twain Leasing Company (12/28/79) 3/
Dallas
Texas Commerce Bancshares, Inc., Houston, Texas, notification of intent to engage in de novo activities (making and acquiring, for its am account or the account
of others, loans and other extensions of credit such
as ocrarercial and personal loans both secured and unsecured; loans to purchase real property inprovedarti
unimproved; loans to purchase securities; loans to
purchase commodities; standby and cannercial letters
of credit; acceptances; and other loans) at 712 Main
Street, Houston, Texas, through its subsidiary, Texas
Comerce Funding Company (12/24/79) 3/
San
Francisco
Security Pacific Corporation, Los Angeles, California,
notifies ton of intent to engage in de novo activities
(to engage in securities clearing and custodian services activities) at offices in New York, New York;
Los Angeles, California? Chicago, Illinois; Pittsburgh,
Pennsylvania? and Memphis, Tennessee, through its subsidiary, Security Pacific Clearing & Services Corp.
(12/30/79) 3/
V
4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
.
H.2, 1979 No. 52
*
- 10 ACTIOS OF THE BO^HContinued
Certifications Issued Pursuant to the Bank Holding
Company Tax Act of 1976
Schnitzler Corporation, Fro id, Itaitana, final certification pirsu^nt to section 1101(e) of the Internal
Revenue Code that it has (before the expiration of the
period prohibited property is permitted under the Bank
Holding Company Act (12 U.S.C. § 1841 et. seq.), to be
held by a bank holding corrpany) ceased to be a bank
holding carp-any. Legal Division Docket No. TCR 76-136
y
Evans Insurance Agency, Inc., Billings, Oklahana, final
certification pursuant to section 1101(e) of the
Internal Revenue Code, that it has (before the expiration of the period prohibited property is permitted
under the Bank Holding Company Act (12 U.S.C. §. 1841
et sea J to be held by a bank holding company) oeased
to be a bank holding ooipany. Legal Division Docket
No. TCR 76-133 V
Vernon Financial Corporation, Indianapolis, Indiana, prior
certification pursuant to section 6158 (a) of the
Internal Revenue Code, that its proposed sale of 7,335
slnre^ ofrarrronstock of The First National Bank,
North Vernon, Indiana to Albert R. Jackson, North
Vernon, Indiana, for himself as principal and agent
tor 27 principals, for cash is necessary or appropriate
to effectuate the policies of the Bank Holding Ccnpany
Act (12 U.S.C. § 1841 et seq.). Legal Division Docket
No, TCR 76-194 V
Safe/ay Insurance Company, Chicago, Illinois, prior certification pursuant to section 1101(b) of the Internal
Revenue Coder that its proposed divestiture of 411,588
of i;i*3 voting shares of i±ie National Republic Bank of
Chicago, Chicago, Illinois, currently held by Safeway,
thresh the pro rata distribution of such shares to
ti -: shareholders of Safeway is necessary or appropriate
tn effectuate the policies of the Bank Holding Ccnpany
AC: (12 U.S.C. § 1841 et seq.) . lagal Division Docket
No. TCR 76-173 */
V
Processed on behalf of the Board of Governors, acting through its
General Counsel, pursuant to delegated authority.
H.2, 1979 No. 52
- 1 1 -
APPLICATIONS RECEIVED
To Establish a Dcmestic Branch Pursuant to Section
9 of the Federal Reserve Act
Richmond
First Virginia Bank, Falls Church, Virginia. Branch .
to be established at 8283 Greensboro Drive, McLean,
Virginia. 2/
New York
State Bank of Albany, Albany, New York. Branch to be
established at 1450 Western Avenue, Albany, New York.
2/
New York
The Bank of New York, New York, New York. Branch to
be established in the immediate vicinity of State
Route 11 and Colesville Road, Kirkwood, Brocme County,
New York. 2/
*
* * * *
To Withdraw from Membership in the Federal Reserve
System without a Six-Month Notice as Prescribed by
Section 9 of the Federal Reserve Act
St. Louis
Commerce Bank of Kirkwood, Kirkwood, Missouri.
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Chicago
FIRST BLOCMINCTON CORPORATION, Blocmington, Illinois,
for approval to acquire 100 per cent of the voting
shares (less directors' qualifying shares) of the
successor by merger to The National Bank of Blocmington,
Blocmington, Illinois. 2/
Chicago
Northwest Indiana Bancshares Inc., Hamnond, Indiana,
for approval to acquire 80 per cent or more of the
voting shares of Counting House Bank, North Webster,
Indiana. 2/
27 Application subject to Community Reinvestment Act. The Carmunity
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the Garment period.
H.2, 1979 No. 52
- 1 2 -
APPLICATIONS RBCEBZED-Continued
Minneapolis
Farmers and Merchants Holding Company, Inc., Beach, North
Dakota, for approval to acquire 51 per cent of the
voting shares of Farmers and Merchants Bank, Beach,
North Dakota, Beach, North Dakota. 2/
Kansas City
First National Hayes Center Corp., Hayes Center, Nebraska,
for approval to acquire 281.5 shares (less directors1
qualifying shares) of the voting shares of The First
National Bank of Hayes Center, Hayes Center, Nebraska.
2/
Kansas City
Howells Investment Company, Howells, Nebraska, for approval to acquire 95.25 per cent of the voting shares
of Howells Bank, Howells, Nebraska. 2/
Dallas
First Citizens Financial Corporation of Vivian, Inc.,
Vivian, Louisiana, for approval to acquire 80-100 per
cent of the voting shares (less directors' qualifying
shares) of Citizens Bank & Trust Corpany of Vivian,
Louisiana, Vivian, Louisiana. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Cleveland
Toledo Trustcorp, Inc., Toledo, Ohio, for approval to
acquire 80 per cent or more of the voting shares of
National Bank of Defiance, Defiance, Ohio. 2/
Dallas
Republic National Bancshares, Inc., Houston, Texas, for
approval to acquire 100 per cent of the voting shares
(less directors1 qualifying shares) of Willowbrook
National Bank, Harris County, Texas, a proposed new
bank. 2/
* * * * *
To Expand a Bank Holding Corpany Pursuant to Section
4(c) (8) of the Bank Holding Corpany Act of 1956
Boston
Industrial National Corporation, Providence, Rhode Island,
notification of intent to engage in de novo activities
(to engage in the activity of servicing residential
27 Application subject to Carmunity Reinvestment Act. The Ccmriunity
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the conment period.
H.2, 1979 No. 52
- 13 APPLICATIONS RBCEIVED-Ccntinued
mortgage loans) at 935 North Washington Avenue, Lansing,
Michigan, through its indirect subsidiary, Mortgage
Associates, Inc. (12/28/79) 3/
New York
The Bank of New York Company, Inc., New York, New York,
for approval to reinsure, credit life and accident and
health insurance sold in connection with extensions of
credit made by The Bank of New York through a proposed
subsidiary, The Bank of New York Life Insurance Company, Phoenix, Arizona.
New York
Chemical New York Corporation, New York, New York, notification of intent to engage in de novo activities
(making or acquiring, for its own account loans and
other .extensions of credit and servicing loans and
other extensions of credit including, but not limited
to, making or acquiring loans to consumers? acquiring
installment contracts frcm retail sellers covering the
time sales of goods and related services; making or
acquiring loans and other extensions of credit to
businesses (including inventory financing) ? making or
acquiring extensions of credit secured by personal
property lease contracts? making available to its
debtors credit life, credit accident and health,
mortgage life, mortgage disability, and property
casualty insurances, all directly related to extensions of credit? credit life and credit accident and
health insurance provided by this office in connection
with the proposed activities will be reinsured through
Sun States Life and/or Great Lakes Insurance Companies,
indirect subsidiaries of the Applicant) at 410 Ware
Boulevard, Tampa, Florida, through its subsidiary,
Sunamerica Corporation (12/26/79) 3/
New York
Citicorp, New York, New York, notification of intent
to engage in de novo activities (operating a finance
company, including making or acquiring loans and other
extensions of credit, secured or unsecured, for consumer and other purposes; purchasing and servicing for
its own account sales finance contracts; the extensions
of leans to dealers for the financing of inventory
(fleer planning) and working capital purposes? acting
as agent for the sale of property and casualty insurance
and for the sale of credit life and credit accident
and health insurance directly related to extensions of
3/
4(c) (B) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2, 1979 No. 52
— 14 —
APPLICATIONS RBCEIVED-Continued
credit; credit related life, accident and health may
be underwritten by Family Guardian Life Insurance
Company, an affiliate of Citicorp Person-to-Person
Financial Center, Inc.) at 3724 Lorna Road, Birmingliam,
Alabama, through its subsidiary, Citicorp Person-toPerson Financial Center, Inc. (12/26/79) 3/
Cleveland
Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(to engage in mortgage banking, including the making
or acquiring and servicing for its own account and for
the account of others, loans and other extensions of
credit) at Casa de Emdeko Building, Alii Drive, KaiuluaKona, Haxvaii, through a subsidiary, The Kissell Company
(12/12/79) 3/
Chicago
St. Joseph Bank and Trust Ccnpany, South Bend, Indiana,
South Bend, Indiana, notification of intent to engage
in ds novo activities (originating, acquiring, selling
ard servicing of residential, commercial and industrial
rrcr tga;je loans) in the vicinity of 6633 East State
Boulevard, Fort Wayne, Indiana, through its subsidiary, St, Joseph Mortgage Co., Inc. (12/21/79) 3/
Minneapolis
MPS Investment Company, Apple ton, Minnesota, for approval to continue to engage in general insurance
activities.
San
Francisco
Security Pacific Corporation, Los Angeles, California,
ncV fx cation of intent to engage in de novo activities
(to -;n:j-3go in finance co^mny activities and the sale
as agent or broker of credit life and accident and
Ilea J tli insurance) in Anaheim, California; El Cajon,
California? and Portland, Oregon, through its direct
subsidiary, Security Pacific Finance Corp. (12/28/79)
3/
San
Francisco
Utah Panoonx>ration, Salt L?ke City, Utah, notification
ut intent to engage in de novo activities (to engage
in lending and loan servicing activities) at 545 East
4500 Soulb, Salt Lake City, Utah, corner of Parrish
Lnne and Main Street, Centexville, Utah and 3015 North
Qriie
, Boise, Idaho/ through its direct subsidiary,
j! y [Mortgage Corporation (12/26/79) 3/
San
Francisco
Wells F.;rgo & Company, San Franciscxi, California, notific-^J.on of intent to engage in de novo activities (to
" '
i Tcirz/
leasizcr.
H.2, 1979 No. 52
15 APELICMIGNS HEXZEIVED-Oaitinued
To Expand a Bank Holding Company Pursuant to Section
4(c) (12) of the Bank Holding Company Act of 1956
Kansas City
Baldwin-United Corporation, Cincinnati, Ohio, notification of intent to acquire, through its wholly-owned
subsidiary, B-U Investment, Inc., approximately 10 per
cent of the stock of Continental Rax, Inc. (an Ohio
Corporation), whose principal offices are located at
1070 Morse Road, Columbus, Ohio; Continental Rax, Inc.
is engaged in the management of "Rax" franchised
restaurants in Chicago, Illinois (12/24/79) 3/
* * * * *
REPORTS RECEIVED
Current Report Filed Pursuant to Section 13 of the
Securities Exchange Act
Bank of Virginia Beach, Virginia Beach, Virginia.
The Schenectady Trust Company, Schenectady, New York*
United States Trust Company of New York, New York, New
York.
* * * * *
PETITIONS FOR W M M M A
None
]7 4(c) (8) or 4(c) (12)ratificationprocessed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
@FedFRASER