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#
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1983 No. 52
A c t i o n s of t h e Board; A p p l i c a t i o n s and Reports
Received During t h e Week Ending December 3 1 , 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Philadelphia
Penn Central National Bank, Huntingdon, P e n n s y l v a n i a ,
proposal t o merge w i t h PCNB National Bank, Huntingdon,
P e n n s y l v a n i a , under t h e c h a r t e r o f t h e l a t t e r and
w i t h t h e t i t l e of t h e former; r e p o r t t o t h e C o m p t r o l 1 e r
o f t h e Currency on c o m p e t i t i v e f a c t o r s . ] /
Cleveland
G r e e n v i l l e National Bancorp, I n c . , G r e e n v i l l e , Ohio,
e x t e n s i o n o f time t o May 4 , 1 9 8 4 , w i t h i n which t o
a c q u i r e G r e e n v i l l e National Bank, G r e e n v i l 1 e , Ohio. J /
Cleveland
Farmers S t a t e Bancorp, Union C i t y , Ohio, e x t e n s i o n of
time t o May 21 , 1 9 8 4 , w i t h i n which t o acqui re The
Farmers S t a t e Bank o f Union C i t y , Union C i t y , Ohio. ]_/
Cleveland
P r o v i d e n t Bank, C i n c i n n a t i , Ohio, e x t e n s i o n of time
t o March 3 1 , 1 9 8 4 , w i t h i n which t o e s t a b l i s h b r a n c h e s :
( 1 ) a t 633 Northland B o u l e v a r d , F o r e s t Park, O h i o , and
( 2 ) a t 8601 Landen D r i v e , D e e r f i e l d Township, Ohio. ]_/
Richmond
R a l e i g h Bankshares, I n c . , B e c k l e y , West V i r g i n i a ,
e x t e n s i o n o f time t o February 1 , 1984, w i t h i n which
t o become a hank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n
of Bank o f R a l e i g h , B e c k l e y , West V i r g i n i a . ] /
Atlanta
Community Banking C o r p o r a t i o n , Bradenton, F l o r i d a ,
e x t e n s i o n o f time t o March 3 1 , 1 9 8 4 , w i t h i n which
t o become a bank h o l d i n g company through t h e a c q u i s i t i o n
of Community Bank o f Manatee, Bradenton, F l o r i d a . J_/
Atlanta
Dawson
time
hank
Bank
1/
"""
B a n c s h a r e s , I n c . , Dawson, G e o r g i a , e x t e n s i o n of
t o March 3 , 1984, w i t h i n which t o become a
h o l d i n g company through t h e a c q u i s i t i o n of t h e
o f Dawson, Dawson, G e o r g i a . ] /
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
H . 2 . 1Q83 No. 52
-
2
ACTIONS OF THE BOARD - Continued
Atlanta
F i r s t o f Homestead, I n c . , Homestead, F l o r i d a , e x t e n s i o n
of time t o April 2 6 , 1 9 8 4 , w i t h i n which t o become a
bank h o l d i n g company through t h e a c q u i s i t i o n of t h e
F i r s t National Bank o f Homestead, Homestead, F l o r i d a . 2 /
Chicago
P a c e s e t t e r Bank & Trust - S o u t h w e s t , N i l e s , Michigan,
proposal t o merge with P a c e s e t t e r National Bank,
C a s s o p o l i s , Michigan, under t h e c h a r t e r of Paces e t t e r Bank & Trust - Southwest and t i t l e of Old
Kent Bank - Southwest; report t o t h e Federal Deposit
Insurance Corporation on c o m p e t i t i v e f a c t o r s . ]_/
Chicago
Pock F a l l s B a n c s h a r e s , I n c . , Rock F a l l s , I l l i n o i s ,
e x t e n s i o n of time t o March 1 3 , 1984, w i t h i n which
t o become a bank h o l d i n g company through t h e
a c q u i s i t i o n of 100 p e r c e n t of t h e v o t i n g s h a r e s
o f Rock F a l l s National Bank, Rock F a l l s , I l l i n o i s . J /
S t . Louis
Farmers S t a t e Bank and Trust Company, J a c k s o n v i l l e ,
I l l i n o i s , proposal t o merge with FSB Interim Bank,
J a c k s o n v i l l e , I l l i n o i s ; r e p o r t t o t h e Federal D e p o s i t
Insurance Corporation on c o m p e t i t i v e f a c t o r s . 2 /
Kansas City
Val Cor B a n c o r p o r a t i o n , I n c . , C o r t e z , Colorado, e x t e n s i o n
of time t o April 1 , 1 9 8 4 , w i t h i n which t o a c q u i r e
V a l l e y National Bank o f C o r t e z , C o r t e z , Colorado. 2 /
C i t i z e n s Banco, I n c . , Westminster, Colorado, e x t e n s i o n
o f time t o April 7, 1 9 8 4 , w i t h i n which t o a c q u i r e
C i t i z e n s Bank o f G l e n d a l e , G l e n d a l e , Colorado. 2 /
? ^ i s City
City
Kansas C i t y
T/
P a t h f i n d e r B a n c s h a r e s , I n c . , Fremont, Nebraska, e x t e n s i o n
of time t o April 8 , 1 9 8 4 , w i t h i n which t o acqui re
Fremont National Bank & Trust Company, Fremont,
Nebraska. 2 /
American Exchange Bancorp, I n c . , Norman, Oklahoma,
e x t e n s i o n of time t o January 2 8 , 1984, w i t h i n which
t o a c q u i r e American Exchange Rank and T r u s t Company,
Norman, Oklahoma. 2 /
C i t i z e n s Bank of G l e n d a l e , G l e n d a l e , Colorado, a proposed
new bank, e x t e n s i o n o f t i m e t o June 1 , 1 9 8 4 , w i t h i n
which t o accomplish membership in t h e Federal Reserve
System. 1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
H.P,
No. S?
ACTIONS OF THE BOARD - Continued
City
San
framcisco
francisco
1/
FirstBank of Arapahoe/Yosemite, Englewood, Colorado,
a p r o p o s e d new bank, e x t e n s i o n of t i m e t o A p r i l 4 ,
M M , w i t h i n which t o a c c o m p l i s h membership in the
Federal Reserve System. 1 /
* a r i n National Bancorp, San R a f a e l , C a l i f o r n i a , e x t e n s i o n
of time t o April S, 1 9 8 4 , w i t h i n which t o become a bank
h o l d i n g company through t h e a c q u i s i t i o n of 100 percent
of t h e v o t i n g s h a r e s of F i r s t National Bank of Marin,
San k a f a e l , C a l i f o r n i a . 2 /
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a ,
e x t e n s i o n of time t o December 17, 1984, w i t h i n which
t o make a d d i t i o n a l i n v e s t m e n t s in S e c u r i t y P a c i f i c
I n t e r n a t i o n a l Finance I n c . , S e c u r i t y P a c i f i c Holdings
\ L i m i t e d , S e c u r i t y P a c i f i c Trust L i m i t e d , and
S e c u r i t y P a c i f i c Finance L i m i t e d . 1/
3 p ( T i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
<;dtrd a u t h o r i t y .
. a .
ACTIONS OF THE KQARQ - Continued
i s s u e c I n t e n t f.ot t o Disapprove Change of Control
P arswnt
Change in Bank Control Act of 197R
n
t.
s
L(',^
%ot Disapproved
V a H e j P a n c c r p o r a t i o n , I n c . * Le Sueur, M i n n e s o t a .
The t a k e r s Ba^k and Trust Company, B l y t h e v i l l e ,
% Lm^<
C^ty
Tit}
* an».as City
^
^rst
^ r ^ L n e Insurance C o r p o r a t i o n , Tribune, K a n s a s , j_/
ka;e++ney Agency* I n c . , Wakeeney, K a n s a s . ]_/
^:"St \ a f ional Agency* I n c . , Wayne, Nebraska. 1/
^ ^ ^
?^r»
b t a t e Park, Ouquoin, I l l i n o i s . 2 /
a h o n e s t i r branch Pursuant t o
^ederal R e s e r v e Act
Approved
(f-n^ra) ^rust Company, R o c h e s t e r , New York. To
e s t a b l i s h s;% o f f s i t e e l e c t r o n i c f a c i l i t i e s at the
?oHA*inq l o c a t i o n s :
525 T i t o s Avenue, I r o n d e q u o i t ,
New w%rk; 7255 Midge Road E a s t , I r o n d e q u o i t , New York;
5 ."t Fenf i e N l?oad, Pen f i e l d , New York; Towne & Country
r i a z a , ^nut$^s 5 & 2 0 , Geneva, New York; 2383 Ridge
West, G r e e c e , New York; 2199 East H e n r i e t t a Road,
H e n r i e t t a , New York, j y
ZUanta
Trust Company Bank, A t l a n t a , G e o r g i a .
To e s t a b l i s h a
branch l o c a t e d a t 233 P e r i m e t e r Center Parkway,
A t l a n t a , Georgia. ] /
^Mcagn
F i r s t America Hank - C e n t r a l , L a n s i n g , Michigan. To
i n s t a l l an o f f premise automated t e l l e r machine at
4|% East Crand River Avenue, East L a n s i n g , Michigan. _[/
*icMyan
nearWirn Bank and Trust Company, Dearborn, Michigan.
To e s t a b l i s h a branch o f f i c e at 13550 Ford Road, Dearborn,
M i c h i g a n . 1/
T?
A p p l i c a t i o n p r o c e s s e d on b e h a l f o f t h e Board o f Governors under
delegated authority.
H . 2 , 19*3 No. 5?
ABACTIONS OF THE BOARD - Continued
San
Franc i s c o
Union Bank, Los A n g e l e s , C a l i f o r n i a . To e s t a b l i s h a
branch o f f i c e in t h e v i c i n i t y of 705 Second S t r e e t
(Second and "D" S t r e e t s ) , C i t y of Santa Rosa,
Sonoma County, C a l i f o r n i a . 2 /
San
Francisco
Union Bank, Los A n g e l e s , C a l i f o r n i a , t o e s t a b l i s h a
branch o f f i c e in t h e v i c i n i t y o f 901 Tower Way
( C a l i f o r n i a Boulevard & Highway 9 9 ) , City of Bakersf i e l d , Kern County, C a l i f o r n i a . V
San
Francisco
Simi V a l l e y Bank, Simi V a l l e y , C a l i f o r n i a .
To e s t a b l i s h
a branch o f f i c e t o be l o c a t e d at t h e s o u t h e a s t c o r n e r of
Cochran S t r e e t and Sycamore Drive in t h e Plaza West
B u i l d i n g , Simi V a l l e y , Ventura County, C a l i f o r n i a . V
To Become a Member o f t h e Federal Reserve System
Pursuant t o S e c t i o n 9 of t h e Federal Reserve Act
San
Franci sco
Approved
P i o n e e r Bank, F u l l e r t o n , C a l i f o r n i a . ] /
*
*
*
*
*
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other A c t i o n s Pursuant t o S e c t i o n 25 and 2 5 ( a )
of t h e Fndfral Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) , 4 ( c ) ( 1 3 ) and 4 ( c ) ( 1 4 )
of t h e Bank Holding Company Act of 1956, as amended
New York
Approved
The Hong Kong and Shanghai Banking C o r p o r a t i o n , Hong
Kong: g r a n t s c o n s e n t f o r a proposed investment
through i t s merchant banking s u b s i d i a r y , The
Equator Bank L i m i t e d , Nassau, Bahamas, in a de novo
t r a d i n g company.
*
2/
*
*
*
*
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
H.2, 1983 No. 5P
- 6 ACTIONS OF THE BOARD - Continued
To Form a Bank Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank H o l d i n g Company Act of 1956
Dallas
New York
Withdrawn
Marble F a l l s National B a n c s h a r e s , I n c . , Marble F a l l s ,
Texas t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
Marble F a l l s National Bank, Marble F a l l s , Texas.
Approved
Korea F i r s t Bank, S e o u l , Korea, f o r approval t o a c q u i r e
at l e a s t 9 9 . 8 4 p e r c e n t of t h e v o t i n g s h a r e s of Korea
F i r s t Bank of New York, New York, New York, a proposed
new bank.
Atlanta
Farmers & Merchants B a n c s h a r e s , I n c . , A d e l , G e o r g i a ,
f o r approval t o a c q u i r e a t l e a s t 8 4 . 5 percent of t h e
v o t i n g s h a r e s of Farmers & Merchants Bank, A d e l ,
G e o r g i a . ]_/
Atlanta
P e o p l e s F i r s t National B a n c s h a r e s , I n c . , North Miami
Beach, F l o r i d a , f o r approval t o a c q u i r e at 1 e a s t 9 5 . 0 6
p e r c e n t of t h e v o t i n g s h a r e s of Peoples F i r s t National
Bank of North Miami Beach, North Miami Beach, F l o r i d a . ]_/
Chicago
The H e r i t a g e Group, I n c . , Woodridge, I l l i n o i s , f o r approval
t o a c q u i r e at l e a s t 9 6 . 0 5 p e r c e n t of the v o t i n g s h a r e s of
H e r i t a g e Bank o f Woodridge, Woodridge, I l l i n o i s . ]_/
Chicago
Midwest B a n c s h a r e s , I n c . , Park F o r e s t South, I l l i n o i s ,
f o r approval t o a c q u i r e at l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of H e r i t a g e Bank of Park Forest South,
Park F o r e s t South, I l l i n o i s . 2 /
Chicago
Robanco F i n a n c i a l C o r p . ,
t o a c q u i r e 100 percent
s u c c e s s o r by merger t o
Rochester, Rochester,
Chicago
Titonka B a n c s h a r e s , I n c . , T i t o n k a , Iowa, f o r approval
t o a c q u i r e 80 percent of t h e v o t i n g s h a r e s of Titonka
Savings Bank, T i t o n k a , Iowa. J /
S t . Louis
Benton S t a t e Bankshares, I n c . , Benton, Arkansas, f o r
approval t o a c q u i r e at l e a s t 8 0 . 0 p e r c e n t of t h e s h a r e s
o f Benton S t a t e Bank, Benton, Arkansas. 1/
J_/
R o c h e s t e r , I n d i a n a , f o r approval
of the v o t i n g s h a r e s of t h e
The F i r s t National Bank of
I n d i a n a . J_/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
H . 2 , 1983 No. 52
ACTIONS OF THE BOARD - Continued
S t . Louis
F i r s t Sharp County B a n c s h a r e s , I n c . , Ash F l a t , Arkansas,
f o r approval t o a c q u i r e at l e a s t 80 percent of t h e
v o t i n g s h a r e s of F i r s t National Bank of Sharp County,
Ash F l a t , Arkansas. ]_/
S t . Louis
P e o p l e s Bank C o r p o r a t i o n , Mountain Home, Arkansas, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
P e o p l e s Bank & Trust Company, Mountain Home, Arkansas. V
S t . Louis
Spurgeon F i n a n c i a l C o r p o r a t i o n , Spurgeon, I n d i a n a , f o r
approval t o a c q u i r e 100 p e r c e n t of the v o t i n g shares
o f The Spurgeon S t a t e Bank, Spurgeon, I n d i a n a . V
Minneapolis
D.L. Shares Limited P a r t n e r s h i p and D.L. Bancshares, I n c . ,
both of D e t r o i t Lakes, Minnesota, f o r approval t o
a c q u i r e 100 percent of t h e v o t i n g s h a e r s of F i r s t
National Bank of D e t r o i t Lakes, D e t r o i t Lakes, Minnesota.
Minneapolis
V e r m i l l i o n B a n c s h a r e s , I n c . , V e r m i l l i o n , Minnesota, f o r
approval t o a c q u i r e at l e a s t 8 5 . 3 p e r c e n t of t h e v o t i n g
s h a r e s of V e r m i l l i o n S t a t e Bank, V e r m i l l i o n , Minnesota. ]_/
Kansas City
F i r s t Geary C o r p o r a t i o n , Geary, Oklahoma, f o r approval
t o a c q u i r e at l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s
of Geary B a n c s h a r e s , I n c . , Geary, Oklahoma and
i n d i r e c t l y The F i r s t National Bank o f Geary, Geary,
Oklahoma. _]_/
Kansas City
Nodaway V a l l e y B a n c s h a r e s , I n c . , Maryvi11e, M i s s o u r i ,
f o r approval t o a c q u i r e 67 p e r c e n t of t h e v o t i n g s h a r e s
of t h e s u c c e s s o r by merger t o The Nodaway V a l l e y Bank,
Maryvi l i e , M i s s o u r i . J_/
Kansas C i t y
Urban B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , f o r
approval t o a c q u i r e at l e a s t 81 percent of t h e v o t i n g
s h a r e s of Missouri Bank and Trust Company of Kansas C i t y ,
Kansas C i t y , M i s s o u r i . ] /
Dallas
B a n c H i l l s B a n c o r p . , I n c . , A u s t i n , Te x a s, f o r approval t o
a c q u i r e at l e a s t 8 0 . 7 p e r c e n t of t h e v o t i n g s h a r e s of
Bank of t h e H i l l s , A u s t i n , Texas. J /
Dallas
Kerens F i n a n c i a l , I n c . , Kerens, Texas, f o r approval t o
a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Kerens
B a n c s h a r e s , I n c . , Kerens , Texas and i n d i r e c t l y The
F i r s t S t a t e Bank o f Kerens, Kerens, Texas. 1/
T?
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
H.2,
1983 No. 52
- 8 ACTIONS OF THE BOARD - Continued
Dallas
New S t a t e B a n c s h a r e s , I n c . , L i t t l e f i e l d , Texas, f o r
a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of S t a t e B a n c s h a r e s , I n c . , L i t t l e f i e l d , Texas and
i n d i r e c t l y S e c u r i t y S t a t e Bank, L i t t l e f i e l d , T e x a s ,
01 ton S t a t e Bank, 01 t o n , Texas and Muleshoe S t a t e
Bank, Muleshoe, T e x a s ; and West Texas B a n c s h a r e s ,
I n c . , Mul e s h o e , Texas and i n d i r e c t l y Muleshoe S t a t e
Bank, Muleshoe, Texas.
Dallas
Poth B a n c o r p o r a t i o n , I n c . , P o t h , Te x a s, f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The
F i r s t National Bank o f P o t h , P o t h , Texas. ]_/
San
Francisco
BSP Bancorp, San Pedro, C a l i f o r n i a , f o r approval t o
a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Bank of
San Pedro, San Pedro, C a l i f o r n i a . 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 3 ) o f t h e Bank Holding Company Act of 1956
New York
Approved
Key Banks, I n c . , Albany, New York, f o r approval t o
a c q u i r e 100 p e r c e n t o f t h e v o t i n g s h a r e s of D e p o s i t o r s
C n r p o r a t i o n , Augusta, Maine and i n d i r e c t l y D e p o s i t o r s
Trust Company, A u g u s t a , Maine; D e p o s i t o r s Trust Company
o f E a s t e r n Maine, Bangor, Maine; D e p o s i t o r s Trust
Company o f A r o o s t o o k , Fort F a i r f i e l d , Maine; and
Canal Bank and Trust C o . , P o r t l a n d , Maine.
Atlanta
The C o l o n i a l BancGroup, I n c . , Montgomery, Alabama, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
t h e s u c c e s s o r by merger t o The Bank of H u n t s v i l l e ,
H u n t s v i l l e , Alabama, and t h e s u c c e s s o r by merger t o
C i t i z e n s N a t i o n a l Bank of Opp, Opp, Alabama.
Chicago
Commercial Bankshares C o r p . , Adrian, Michigan, f o r
approval t o a c q u i r e 100 p e r c e n t o f t h e v o t i n g s h a r e s
o f The J i p s o n - C a r t e r S t a t e Bank, B l i s s f i e l d , Michigan.
City
T7
M i f W t h r a s k a B a n c s h a r e s , I n c . , Ord, Nebraska, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
Wolbach Insurance Agency, I n c . , Wolbach, Nebraska and
A p p l i c a t i o n p r o c e s s e d on b e h a l f o f t h e Board of Governors under
delegated authority.
H . 2 , 1983 No. 5?
- 9 ACTIONS OF THE BOARD - Continued
3 6 . 9 9 p e r c e n t o f t h e v o t i n g s h a r e s of Broken Bow E n t e r p r i s e s , I n c . , Broken Bow, Nebraska, and i n d i r e c t l y
Broken Bow S t a t e Bank, Broken Bow, Nebraska and P e o p l e s
S t a t e Bank, Wolbach, Nebraska. J_/
Dallas
F i r s t Winters Holding Company, W i n t e r s , Te x a s, f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of The S e c u r i t y S t a t e Bank, Wingate,
Texas. ] /
B a n as
Northshore B a n c s h a r e s , I n c . , Houston, Te x a s, f o r
approval t o a c q u i r e 7 6 . 1 7 p e r c e n t of t h e v o t i n g
s h a r e s o f La Marque United Bank, La Marque, Texas. 2 /
* * * * *
To Expand a Bank Holding Company Pursuant t o S e c t i o n
of t h e Bank Holding Company Act of 1956
New
%
Approved
Key Banks, I n c . , Albany, New York, f o r approval t o
a c q u i r e at l e a s t 50 p e r c e n t of t h e v o t i n g s h a r e s of
Homeowners Mortgage Company, Nashua, New Hampshire
and 100 p e r c e n t of t h e v o t i n g s h a r e s of F i r e s t o n e
F i n a n c i a l C o r p o r a t i o n , Newton C e n t r e , M a s s a c h u s e t t s .
Richmond
South C a r o l i n a National C o r p o r a t i o n , Columbia, South
C a r o l i n a , f o r approval t o a c q u i r e t h e a s s e t s of
Union Finance Corporation - Emporia, V i r g i n i a Branch,
Emporia, V i r g i n i a . V
Chicago
Titonka B a n c s h a r e s , I n c . , T i t o n k a , Iowa, f o r approval t o
e n g a g e in general i n s u r a n c e a c t i v i t i e s through t h e
a c q u i s i t i o n o f 100 p e r c e n t o f t h e v o t i n g s h a r e s
of Boyken Insurance Agency, I n c . , T i t o n k a , Iowa. 1/
Kansas C i t y
Mid-Nehraska B a n c s h a r e s , I n c . , Ord, Nebraska, f o r
approval t o engage in g e n e r a l i n s u r a n c e a c t i v i t i e s
through Wolhach Insurance Agency, I n c . , Wolbach,
Nebraska. ] /
San
Franc i s c o
R a i n i e r B a n c o r p o r a t i o n , S e a t t l e , Washington, f o r
approval t o a c q u i r e c e r t a i n a s s e t s of North P a c i f i c
Mortgage C o . , I n c . , S e a t t l e , Washington. 1 /
T?
e g a i e c f a % y ^
b e h a l f o f t h e Board of Governors under
H . 2 , 1983 No. 52
- 1 0 -
ACTIONS OF THE BOARD - Continued
New York
New York
37
Permitted
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n
t o e s t a b l i s h two de novo o f f i c e s engaging in the
f o l l o w i n g a c t i v i t i e s ( t h e making o r a c q u i r i n g of
l o a n s and o t h e r e x t e n s i o n s of c r e d i t , secured or
u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e
s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and
h e a l t h i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s ,
a s r e q u i r e d , t h e s a l e of consumer o r i e n t e d
f i n a n c i a l management c o u r s e s ; t h e s e r v i c i n g , f o r
any p e r s o n , of l o a n s and o t h e r e x t e n s i o n s of c r e d i t ;
t h e making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own
account and f o r the account of o t h e r s , o f e x t e n s i o n s
o f c r e d i t t o i n d i v i d u a l s secured by l i e n s on
r e s i d e n t i a l or n o n - r e s i d e n t i a l real e s t a t e ; and the
s a l e o f mortgage l i f e and mortgage d i s a b i l i t y i n s u r a n c e
d i r e c t l y r e l a t e d to e x t e n s i o n s of mortgage l o a n s ) a t
One Tampa C i t y C e n t e r , 201 N. Franklin S t r e e t , Tampa,
F l o r i d a , through i t s s u b s i d i a r i e s , C i t i c o r p P e r s o n - t o Person F i n a n c i a l Center of F l o r i d a , I n c . and C i t i c o r p
Homeowners, I n c . ( 1 2 / 3 0 / 8 3 ) 2 /
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n t o
e s t a b l i s h two de novo o f f i c e s engaging in the
f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g of
l o a n s and o t h e r e x t e n s i o n s of c r e d i t , secured or
u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e
s a l e o f c r e d i t - r e l a t e d l i f e and a c c i d e n t and h e a l t h
i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ;
the s a l e of consumer o r i e n t e d f i n a n c i a l management
c o u r s e s ; t h e s e r v i c i n g , f o r any p e r s o n , of l o a n s and
o t h e r e x t e n s i o n s of c r e d i t ; t h e making, a c q u i r i n g ,
and s e r v i c i n g , f o r i t s own account and f o r t h e account
of o t h e r s , o f e x t e n s i o n s o f c r e d i t t o i n d i v i d u a l s
s e c u r e d by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l
r e a l e s t a t e ; and t h e s a l e of mortgage l i f e and mortgage
d i s a b i l i t y i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of
mortgage l o a n s ) a t 41 Lake Morton D r i v e , L a k e l a n d ,
F l o r i d a , through i t s s u b s i d i a r i e s , C i t i c o r p P e r s o n - t o Person F i n a n c i a l Center of F l o r i d a , I n c . and C i t i c o r p
Home Owners, I n c . ( 1 2 / 2 8 / 8 3 ) V
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Rank on b e h a l f 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, 1983 No. 52
- 11 ACTIONS OF THE BOARD - Continued
Atlanta
P e o p l e s Equity S h a r e s , I n c . , C a r r o l I t o n , G e o r g i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making
or a c q u i r i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t such
as would be made by a mortgage company; s e r v i c i n g such
loans f o r o t h e r s in accordance with t h e Board's R e g u l a t i o n
Y) t h e a c t i v i t i e s would be performed in t h e S t a t e s of
Georgia and Alabama, through i t s s u b s i d i a r y , P e o p l e s
Equity Mortgage Co. ( 1 2 / 3 0 / 8 3 ) 3 /
Chicago
B a n i l l C o r p o r a t i o n , Normal, I l l i n o i s , n o t i f i c a t i o n of
i n t e n t t o engage in de novo a c t i v i t i e s ( i n l e a s i n g
personal p r o p e r t y t o i n d i v i d u a l s and b u s i n e s s through
the h o l d i n g company) t h e a c t i v i t i e s would be performed
in t h e c i t i e s of Normal, Bloomington and surrounding
McLean County ( 1 2 / 3 0 / 8 3 ) 3 /
S t . Louis
F i r s t American Rancshares, I n c . , North L i t t l e Rock,
Arkansas, n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( i n u n d e r w r i t i n g o f c r e d i t l i f e and c r e d i t
a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o i t s
e x t e n s i o n s of c r e d i t by i t s s u b s i d i a r i e s ) t h e s e a c t i v i t i e s
would be performed p r i m a r i l y in t h e c o u n t i e s of P u l a s k i ,
S a l i n e , Lonoke, and Garland C o u n t i e s , Arkansas, and t h e
surrounding a r e a , through i t s s u b s i d i a r i e s , F i r s t
American National Bank and F i r s t American Bank, and
proposed s u b s i d i a r y , Grand National Bank, through i t s
s u b s i d i a r y , F i r s t American L i f e Insurance Company
(12/27/83) 3/
S t . Louis
Mid-South Bancorp, I n c . , F r a n k l i n , Kentucky, n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s ( a s agent for
the s a l e of l i f e or h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d
t o e x t e n s i o n s of c r e d i t by Simpson County Bank, F r a n k l i n ,
Kentucky, i t s s u b s i d i a r y ) t h e s e a c t i v i t i e s would be
conducted in t h e t r a d e area of t h e Simpson County Bank
in Kentucky (Logan, Warren, A l l e n and Simpson C o u n t i e s )
and Tennessee (Robertson and Sumner C o u n t i e s ) t h r o u g h
i t s s u b s i d i a r y , Mid-South Credit Insurance S e r v i c e s ,
Inc.
(12/29/83) 3/
S t . Louis
Northwest Arkansas B a n c s h a r e s , I n c . , B e n t o n v i l l e , Arkansas,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( i n a c q u i r i n g l o a n s f o r i t s own account and mortgage
brokering)
(12/28/83) 3/
3?
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of the 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, 1983 No. 5?
12
ACTIONS OF THE BOARD - Continued
Minneapolis
Norwest C o r p o r a t i o n , M i n n e a p o l i s , Minnesota, n o t i f i c a t i o n
of i n t e n t t o r e l o c a t e de novo a c t i v i t i e s ( i n t h e
a c t i v i t i e s of consumer f i n a n c e , s a l e s f i n a n c e and
commercial f i n a n c e , t h e s a l e of c r e d i t l i f e , c r e d i t
a c c i d e n t and h e a l t h and property and c r e d i t - r e l a t e d
c a s u a l t y i n s u r a n c e r e l a t e d t o e x t e n s i o n s of c r e d i t
by t h a t company [ s u c h s a l e of c r e d i t - r e l a t e d i n s u r a n c e
b e i n g a p e r m i s s i b l e a c t i v i t y under Subparagraph D
of T i t l e VI of t h e Garn-St Germain D e p o s i t o r y I n s t i t u t i o n s Act of 1982] and t h e o f f e r i n g f o r s a l e and
s e l l i n g of t r a v e l e r s c h e c k s ) from 5436 S t o c k d a l e Highway,
S t o c k d a l e V i l l a g e Shopping C e n t e r , B a k e r s f i e l d ,
C a l i f o r n i a t o 3218 S t e i n Road, B a k e r s f i e l d , C a l i f o r n i a ,
s e r v i n g B a k e r s f i e l d , C a l i f o r n i a , through i t s s u b s i d a r y ,
Norwest F i n a n c i a l C a l i f o r n i a , I n c .
(12/29/83)
Dallas
Gulf Southwest Bancorp, I n c . , Houston, Te x a s, n o t i f i c a t i o n
of i n t e n t t o expand de novo a c t i v i t i e s ( i n p r o v i d i n g
p r o c e s s i n g and data t r a n s m i s s i o n s e r v i c e s , data bases
or f a c i l i t i e s [ i n c l u d i n g data p r o c e s s i n g and data
t r a n s m i s s i o n hardware, s o f t w a r e , documentation and
o p e r a t i n g p e r s o n n e l ! f o r t h e i n t e r n a l o p e r a t i o n s of
Gulf Southwest Bancorp, I n c . and i t s s u b s i d i a r i e s ;
p r o v i d i n g t o o t h e r s data p r o c e s s i n g and t r a n s m i s s i o n
s e r v i c e s , f a c i l i t i e s , data b a s e s or a c c e s s t o such
s e r v i c e s , f a c i l i t i e s , or data b a s e s by any t e c h n o l o g i c a l l y f e a s i b l e means where ( a ) data t o be p r o c e s s e d
or f u r n i s h e d w i l l c o n s i s t s o l e l y of f i n a n c i a l , banking
or economic d a t a , and t h e s e r v i c e s w i l l be provided
pursuant t o w r i t t e n agreements so d e s c r i b i n g and
l i m i t i n g t h e s e r v i c e s ; (b) t h e f a c i l i t i e s are d e s i g n e d ,
marketed and operated f o r t h e p r o c e s s i n g and t r a n s m i s i o n o f f i n a n c i a l , banking or economic d a t a ; and ( c )
any hardware o f f e r e d in c o n n e c t i o n with such s e r v i c e
w i l l be o f f e r e d only in c o n n j u n c t i o n with s o f t w a r e
d e s i g n e d and marketed f o r t h e p r o c e s s i n g and t r a n s m i s s i o n o f f i n a n c i a l , banking or economic d a t a , and
where t h e general purpose hardware does not cons t i t u t e more than 30 p e r c e n t of t h e c o s t of any
packaged o f f e r i n g ) through i t s s u b s i d i a r y , Omni-Net,
Inc. (12/31/83) 3/
37
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f 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 , 19R3 No. 52
- 13 ACTIONS OF THE BOARD - Continued
Dallas
Western Rancshares o f Truth or Consequences, I n c . ,
Truth or Consequences, New Mexico, n o t i f i c a t i o n of
i n t e n t t o engage in de novo a c t i v i t i e s (making or
a c q u i r i n g , f o r i t s own account or f o r t h e account
of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t
( i n c l u d i n g i s s u i n g l e t t e r s of c r e d i t and a c c e p t i n g
d r a f t s ) , such as would be made, f o r example, by a
m o r t g a g e , f i n a n c e , c r e d i t c a r d , or f a c t o r i n g company)
s e r v i n g S i e r r a County, New Mexico and El Paso County,
Texas ( 1 2 / 3 0 / 8 3 ) 3 /
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n o f i n t e n t t o expand de novo a c t i v i t i e s
( i n t h e a c t i v i t i e s o f making or a c q u i r i n g f o r t h e i r
own account l o a n s and o t h e r e x t e n s i o n s of c r e d i t
such as would be made or a c q u i r e d by a f i n a n c e
company; s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s of
c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e i n s u r a n c e
and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e ;
c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e w i l l be o f f e r e d
by t h e Jackson and Picayune o f f i c e s o f both c o r p o r a t i o n s
in t h e S t a t e s of M i s s i s s i p p i and L o u i s i a n a ; c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e w i l l be o f f e r e d by t h e
Tupelo o f f i c e of both c o r p o r a t i o n s in t h e S t a t e of
M i s s i s s i p p i ; however, n e i t h e r c o r p o r a t i o n w i l l o f f e r
c r e d i t - r e l a t e d property i n s u r a n c e in t h e S t a t e of
Tennessee; t h e aforementioned c r e d i t - r e l a t e d insurance
a c t i v i t i e s are p e r m i s s i b l e under S e c t i o n 4 ( c ) ( P ) ( A )
a n d / o r (D) o f t h e Rank Holding Company Act of 1956,
as amended by t h e Garn-St Germain D e p o s i t o r y I n s t i t u t i o n s
Act of 1 9 8 2 ; such a c t i v i t i e s w i l l i n c l u d e , but not be
l i m i t e d t o , making l o a n s and o t h e r e x t e n s i o n s of c r e d i t
t o consumers and b u s i n e s s e s , making l o a n s secured by
r e a l and personal p r o p e r t y , purchasing i n s t a l l m e n t
s a l e s f i n a n c e c o n t r a c t s , and o f f e r i n g c r e d i t r e l a t e d l i f e , c r e d i t - r e l a t e d a c c i d e n t and
h e a l t h , and c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made
or a c q u i r e d by both c o r p o r a t i o n s ; c r e d i t - r e ! a t e d
l i f e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e
may be r e i n s u r e d by PA Insurance Company, I n c . , an
a f f i l i a t e o f both c o r p o r a t i o n s ) at 1850 S. West
S t r e e t , S u i t e C, J a c k s o n , M i s s i s s i p p i , s e r v i n g
t h e S t a t e of M i s s i s s i p p i and L o u i s i a n a ; 417 Highway
43 S o u t h , P i c a y u n e , M i s s i s s i p p i , s e r v i n g t h e e n t i r e
S t a t e s of M i s s i s s i p p i and Lousiana and 311 West Main
2/
4 ( c ) ( 8 ) 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 Rank on b e h a l f 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 .
5?
- 1 4 ACTIONS OF THE BOARD - Continued
S t r e e t , Tupelo, M i s s i s s i p p i s e r v i n g the e n t i r e
S t a t e s of M i s s i s s i p p i and T e n n e s s e e , through i t s
s u b s i d i a r i e s , FinanceAmerica C o r p o r a t i o n and Finance
Ar e r i c a I n d u s t r i a l Plan I n c . ( b o t h M i s s i s s i p p i
corporations)
(12/31/R3)
»ankAmprica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n o f i n t e n t t o e n g a g e in de novo a c t i v i t i e s
( i n thn a c t i v i t i e s of making or a c q u i r i n g f o r i t s own
a c c o u n t l o a n s and o t h e r e x t e n s i o n s of c r e d i t such as
t o u l d he radf or a c q u i r e d by a f i n a n c e company;
s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; and
u f t A r i n n r r m n n - r e l a t e d l i f e i n s u r a n c e and c r e d i t r n l r l e d a c c i d e n t and h e a l t h i n s u r a n c e ; t h e a f o m e n t i oned
cr^di t - r e l a t e d i n s u r a n c e a c t i v i t i e s are p e r m i s s i b l e under
SA(t ion 4 ( c ) f - ) ( A ) o f t h e Bank Holding Company Act of
1^56, a s pmenned by t h e Garn-St Germain D e p o s i t o r y
i n s t i t u t i o n s Act o f 1 9 8 2 , c r e d i t - r e l a t e d p r o p e r t y
i n s u r a n c e w i l l not be o f f e r e d ; such a c t i v i t i e s w i l l
i n c l u d e , but not be l i m i t e d t o , making l o a n s and o t h e r
r t t e n s i ' X ' s r f c r e d i t t o consumers and b u s i n e s s e s ,
rj^ing
<m,i o t h e r e x t e n s i o n s of c r e d i t s e c u r e d by
^ a ! jnj
r>ondI p r o p e r t y , p u r c h a s i n g i n s t a l l m e n t
s a l e s fK*an< e c o n t r a c t s , and o f f e r i n g c r e d i t - r e l a t e d
l i f e arc c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or
,n,yu;rt'.i h) FinanceAmerica C o r p o r a t i o n ; c r e d i t - r e l a t e d
n f r and i r e m t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e
br r e i n s u r e d ny BA I n s u r a n c e Company, I n c . , an
a f f i l i a t e of rinanceAmerica C o r p o r a t i o n ) at 7820 North
' " r i v e r ^ i t y i^rive, P e o r i a , I l l i n o i s , s e r v i n g t h e e n t i r e
* r a t e 'if I l l i n o i s , through i t s s u b s i d i a r y , F i n a n c e - r p r i c d C o r p o r a t i o n (a Delaware c o r p o r a t i o n )
( 1 2 / 3 1 / 8 3 ) _3/
s e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o r e l o c a t e de novo a c t i v i t i e s
if r.iiJni; or a c q u i r i n g f o r i t s own account or f o r
fh*of o t h e r s , l o a n s and e x t e n s i o n s of c r e d i t ,
i n c t u n i n g r a c i n g consumer i n s t a l l m e n t p e r s o n a l l o a n s ,
p\f%hasiny consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ,
r „ < i n y l o a n s t o small b u s i n e s s e s and o t h e r e x t e n s i o n s
of c r e d i t such a s would be made by a f a c t o r i n g company
nr a consumer f i n a n c e company and a c t i n g as broker
or „g*»nt f o r t h e s a l e of c r e d i t l i f e i n s u r a n c e , and
group l i f p and d i s a b i l i t y i n s u r a n c e s o l d in c o n n e c t i o n
w i t h f * n l + s t d t e m o r t g a g e l o a n s , such i n s u r a n c e a c t i v i t i e s
N l l f a M c n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e
< vt-rm.r s %•* <ier d e l ^ g a t e d a u t n o r i ty .
H . 2 , 19P3 No.
- 15 ACTIONS OF THE BOARD - Continued
b e i n g p e r m i t t e d pursuant t o S e c t i o n 6601(A) of T i t l e VI
of t h e Garn-St Germain Act) from 112 Columbus B o u l e v a r d ,
New B r i t a i n , C o n n e c t i c u t t o 500 Summer S t r e e t , Stamford,
C o n n e c t i c u t , s e r v i n g t h e S t a t e of C o n n e c t i c u t , through
i t s s u b s i d i a r y , S e c u r i t y P a c i f i c F i n a n c e C o r p . of
G r a n i t e S t a t e d / h / a S e c u r i t y P a c i f i c Finance Corp.
(12/26/83) 2/
'
i 1 sco
37
4
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( i n making or a c q u i r i n g f o r i t s own account or f o r t h e
a c c o u n t of o t h e r s , l o a n s and e x t e n s i o n s of c r e d i t ,
i n c l u d i n g making consumer i n s t a l l m e n t personal l o a n s ,
p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ,
making l o a n s t o small b u s i n e s s e s and o t h e r e x t e n s i o n s
of c r e d i t such as would be made by a f a c t o r i n g company
o r a consumer f i n a n c e company and a c t i n g as broker or
agent f o r t h e s a l e o f c r e d i t l i f e i n s u r a n c e , and group
l i f e and d i s a b i l i t y i n s u r a n c e s o l d in c o n n e c t i o n w i t h
r e a l e s t a t e mortgage l o a n s , such i n s u r a n c e a c t i v i t i e s
b e i n g p e r m i t t e d pursuant t o S e c t i o n 601(A) of T i t l e VI
of t h e Garn-St Germain Act) i n F a i r f i e l d , C o n n e c t i c u t ,
t h e g e o g r a p h i c area served w i l l be t h e S t a t e of
C o n n e c t i c u t , through i t s s u b s i d i a r i e s , S e c u r i t y P a c i f i c
Finance C o r p . of Granite S t a t e d / b / a S e c u r i t y P a c i f i c
Finance C o r p . and S e c u r i t y P a c i f i c Finance C o r p . of
Connecticut
(12/26/83) 3/
f f T f ^ T l m t f f i c a t ion p r o c e s s e d by Reserve Bank on b e h a l f of t h e
Hoard of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 52
- 1 6 APPLICATIONS RECEIVED
To E s t a b l i s h a Domestic Branch Pursuant t o S e c t i o n 9
of t h e Federal Reserve Act
Atlanta
Broward Bank, Lauderdale Lakes, F l o r i d a . To e s t a b l i s h
a branch l o c a t e d a t 300 S o u t h e a s t S i x t h S t r e e t , Fort
Lauderdale, F l o r i d a . 2/
*
*
*
*
*
A p p l i c a t i o n s and N o t i f i x a t i o n s f o r I n t e r n a t i o n a l
I n v e s t m e n t s and Other A c t i o n s Pursuant t o S e c t i o n s 25 and 2 5 ( a )
of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) , 4 ( c ) ( 1 3 ) and 4 ( c ) ( 1 4 )
of t h e Bank Holding Company Act of 1956, a s amended
New York
Citibank Overseas Investment C o r p o r a t i o n , Wilmington,
Delaware: p r i o r n o t i f i c a t i o n of i t s i n t e n t t o
a c q u i r e and h o l d , d i r e c t l y or i n d i r e c t l y , 100 p e r c e n t
o f t h e s h a r e s of a de novo company, New Leasing
V e h i c l e , T a i p e i , Taiwan.
New York
C i t i c o r p , New York, New York: p r i o r n o t i f i c a t i o n of i t s
i n t e n t t o c o n t i n u e t o hold 100 p e r c e n t of the s h a r e s
o f C i t i c o r p I n t e r n a t i o n a l Group, I n c . , Wilmington,
Delaware, a f t e r CIG, d i r e c t l y or i n d i r e c t l y , a c q u i r e s
e q u i t y i n t e r e s t s in s e v e r a l companies c u r r e n t l y owned
by t h e V i c k e r s da Costa o r g a n i z a t i o n , which i s headq u a r t e r e d in London, England.
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Philadelphia
Southern J e r s e y Bancorp, B r i d g e t o n , New J e r s e y , for
approval t o a c q u i r e at l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of The Farmers and Merchants National
Bank of B r i d g e t o n , B r i d g e t o n , New J e r s e y . 2 /
Atlanta
Broward Bancorp, Lauderdale Lakes, F l o r i d a , f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Broward
Bank, Lauderdale Lakes, F l o r i d a . 2/
2 / A p p l i c a t i o n s u b j e c t t o Community Reinvestment A c t .
The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as
t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983 No. 52
- 1 7 APPLICATIONS RECEIVED - Continued
Atlanta
F. A. Rankshares, I n c . , Monroe, G e o r g i a , f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t
American Bank o f Walton, Monroe, G e o r g i a . 2/
Atlanta
F i r s t Farmers B a n c s h a r e s , I n c . , P o r t l a n d , T e n n e s s e e , f o r
approval t o a c q u i r e at l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of The Farmers Bank, P o r t l a n d , T e n n e s s e e . 27
S t . Louis
Elkton Bancorp, I n c . , E l k t o n , Kentucky, f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
common s t o c k of Elkton Bank & Trust Company, E l k t o n ,
Kentucky. 2 /
S t . Louis
F i r s t B r e c k i n r i d g e B a n c s h a r e s , I n c . , I r v i n g t o n , Kentucky,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of F i r s t S t a t e Bank, I r v i n g t o n , Kentucky. 2/
S t . Louis
Kentucky S t a t e Bancorp, I n c . , S c o t t s v i l 1 e , Kentucky, f o r
approval t o a c q u i r e at l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of Kentucky S t a t e Bank of S c o t t s v i 1 1 e , S c o t t s v i l l e , Kentucky. 2/
Dallas
River Oaks B a n c s h a r e s , I n c . , Houston, Texas, f o r approval
t o a c q u i r e a t l e a s t 80 p e r c e n t o f t h e v o t i n g s h a r e s
o f River Oaks Bank & Trust Company, Houston, T e x a s . 2/
Dallas
Spring Woods B a n c s h a r e s , I n c . , Houston, T e x a s , f o r approval
t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of
Spring Woods Bank, Houston, T e x a s . 2/
San
Francisco
P a c i f i c Capital Bancorp, Monterey, C a l i f o r n i a , f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t
National Bank of Monterey County, Monterey, C a l i f o r n i a ,
a proposed new bank. ]_/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 3 ) o f t h e Bank Holding Company Act of 1956
Cleveland
F i r s t Commonwealth F i n a n c i a l C o r p o r a t i o n , I n d i a n a ,
P e n n n s y l v a n i a , f o r approval t o a c q u i r e 100 percent
of t h e v o t i n g s h a r e s o f D e p o s i t Bank, Du B o i s ,
P e n n s y l v a n i a . 2]
2J A p p l i c a t i o n s u b j e c t t o Community Reinvestment A c t .
The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h o f t h e comment p e r i o d .
H . 2 , 1983 No. 52
- 18 APPLICATIONS RECEIVED
Kansas C i t y
Lexington B a n c s h a r e s , I n c . , L e x i n g t o n , Nebraska, f o r
a p p r o v a l t o a c q u i r e a t l e a s t 4 9 . 9 6 p e r c e n t of t h e
v o t i n g s h a r e s of Seven V Banco, I n c . , C a l l a w a y ,
Nebraska, and i n d i r e c t l y Seven V a l l e y s S t a t e Bank,
C a l l a w a y , Nebraska. 2 /
Dallas
Camino Peal B a n c s h a r e s , I n c . , Carrizo S p r i n g s , Texas,
f o r approval t o a c q u i r e a t l e a s t AO p e r c e n t of t h e
v o t i n g s h a r e s of F r o n t i e r S t a t e Bank, Eagle P a s s ,
Texas. 2 /
Dallas
F i r s t o f A u s t i n B a n c s h a r e s , I n c . , A u s t i n , Te x a s, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of F i r s t National Bank, A u s t i n , Te x a s, a proposed
new bank.
Dallas
N o r t h s i d e F i n a n c i a l C o r p o r a t i o n , San A n t o n i o , Texas,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Northwest Bank, N . A . , San A n t o n i o , Texas,
a proposed new bank. 2 /
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o S e c t i o n
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
New York
a<
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n t o
expand t h e s e r v i c e area of an o f f i c e engaging in t h e
f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g of
l o a n s and o t h e r e x t e n s i o n s o f c r e d i t , secured or
u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e
p u r c h a s i n g and s e r v i c i n g f o r i t s own account of s a l e s
fi
m n t r a c t s ; t h e s a l e of cred i t - r e l ated l i f e
ana a c c i d e n t and h e a l t h i n s u r a n c e by l i c e n s e d a g e n t s
( r b r o k e r s , as r e q u i r e d ; t h e e x t e n s i o n of l o a n s t o
4 e a ! e r s rnr t h e f i n a n c i n g of i n v e n t o r y [ f l o o r p i a n n i n g l
w c r k i ' q c a p i t a l p u r p o s e s ; t h e making of l o a n s t o
i n d i v i d u a l s and b u s i n e s s e s secured by l i e n on mobile
homes, modular u n i t s or r e l a t e d manufactured h o u s i n g ,
f 'xtht'r
thp real p r o p e r t y t o which such housing
% or w i l l he permanently a f f i x e d , such property being
us*-;! as s e c u r i t y fur t h e l o a n s ; and t h e s e r v i c i n g ,
f o r any p e r s o n , of loans and o t h e r e x t e n s i o n s of c r e d i t )
r:t
Clayton Road West, B a l l w i n , M i s s o u r i , through
l i s s u b s i d i a r y , C i t i c o r p Acceptance Company, I n c .
(Delaware)
(12/29/83)
i y f inn \ W ) j e d
n t f i r , , r nf
tN- ! ^
t o Community Reinvestment A c t . The Community
a p p l i c a b l e Reserve Bank may be c o n t a c t e d
comment p e r i o d .
H.2,
No. Sp
- 1 9 APPLKATIONS RECEIVED - C o n t i n u e d
vnr<
C i t i c o r p * New York, New York* r e q u e s t s p e r m i s s i o n t o
r e l o c a t e o f f i c e s engaging in the f o l l o w i n g a c t i v i t i e s
( t h e making o r a c q u i r i n g o f l o a n s and o t h e r e x t e n s i o n s
o f c r e d i t , s e c u r e d o r u n s e c u r e d , f o r consumer and
o t h e r p u r p o s e s ; and t h e s a l e o f c r e d i t - r e l a t e d l i f e
and a c c i d e n t and h e a l t h i n s u r a n c e by l i c e n s e d a g e n t s
or b r o k e r s * a s r e q u i r e d ) ; i n a d d i t i o n , C i t i c o r p P e r s o n t o - P e r s o n F i n a n c i a l C e n t e r , I n c . and C i t i c o r p P e r s o n t o Person F i n a n c i a l Center of F l o r i d a , Inc. w i l l continue
t o e n g a g e i n t h e f o l l o w i n g a c t i v i t i e s ( t h e e x t e n s i o n of
l o a n s t o d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y [ f l o o r
p l a n n i n g ] and working c a p i t a l p u r p o s e s ) ; C i t i c o r p P e r s o n t o - p e r s o n F i n a n c i a l C e n t e r o f F l o r i d a , I n c . and C i t i c o r p
Homeowners, I n c . w i l l a l s o c o n t i n u e t o e n g a g e in t h e
f o l l o w i n g a c t i v i t i e s ( t h e s a l e o f consumer o r i e n t e d
f i n a n c i a l management c o u r s e s ; t h e s e r v i c i n g , f o r any
p e r s o n , o f l o a n s and o t h e r e x t e n s i o n s o f c r e d i t ; t h e
r a k i n g , a c q u i r i n g , and s e r v i c i n g , f o r i t s own a c c o u n t
and f o r t h e a c c o u n t of o t h e r s , o f e x t e n s i o n s of c r e d i t
t o i n d i v i d u a l s s e c u r e d by l i e n s on r e s i d e n t i a l or
n o n - r e s i d e n t i a l r e a l e s t a t e ; and t h e s a l e o f mortgage
l i f e and m o r t g a g e d i s a b i l i t y i n s u r a n c e d i r e c t l y r e l a t e d
to e x t e n s i o n s of mortgage l o a n s ) ; C i t i c o r p P e r s o n - t o Person F i n a n c i a l C e n t e r o f F l o r i d a , I n c . w i l l c o n t i n u e
to engage in t h e f o l l o w i n g a d d i t i o n a l a c t i v i t y ( t h e
p u r c h a s i n g and s e r v i c i n g f o r i t s own a c c o u n t of s a l e s
f i n a n c e c o n t r a c t s ) from 124 E a s t C o l o n i a l D r i v e ,
O r l a n d o , F l o r i d a t o 237 South Westmonte, Altamonte
Springs, F l o r i d a , through i t s s u b s i d i a r i e s , C i t i c o r p
Person-to-Person Financial Center, Inc.; Citicorp
P e r s o n - t o - P e r s o n F i n a n c i a l Center of F l o r i d a , Inc.
and C i t i c o r p Homeowners, I n c .
(12/29/83)
( n m p a c m e H n a n c i e r e De P a r i h a s and Banque P a r i b a s ,
b o t h nf P a r i s , F r a n c e , r e q u e s t p e r m i s s i o n t o e s t a b l i s h
a Me novo o f f i c e e n g a g i n g i n t h e f o l 1 o w i n g a c t i v i t i e s
H < r r - e r c i a * f i n a n c e a c t i v i t i e s , i n c l u d i n g t h e making
an<? a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s o f c r e d i t
s u c r a s would be made by a commercial f i n a n c i n g company,
i n c l u d i n g commercial l o a n s s e c u r e d by a c c o u n t s
r e r e i v a D l e , f i x e d a s s e t s , equipment and i n v e n t o r y ;
nakini, loans to f i n a n c e t h e a c q u i s i t i o n of r e s i d e n t i a l
M*di e s t a t e ; i s s u i n g commercial and s t a n d - b y l e t t e r s of
c r e o i t ; and s e r v i c i n g s u c h l o a n s and e x t e n s i o n s of
c r e d i t f o r o t h e r s ) a t 1200 Smith S t r e e t , Two A l l e n
t e n t e r . S u i t e 3100, Houston, Texas, through i t s subs i d i a r y , Parioas Finance ( T e x a s ) , Inc.
(12/30/83)
- 2 0 4^1
PECEIVfD . C o n t i n u e d
Key #an&^ ! * c . , A l b a n y , New York, r e q u e s t s p e r m i s s i o n
t o fnparu* (me s e r v i c e a r e a e n g a g i n g i n t h e f o l l o w i n g
a c t i v i t i e s f r e i n s t i r a n c e o f c r e d i t - r e l a t e d l i f e and
a c c i d e n t ard h e a l t h i n s u r a n c e ) a t 6 0 S t a t e S t r e e t ,
A l b a n y , \e% Vrrk. t h r o u g h i t s s u b s i d i a r y , Key
Insurance Limited
(12/29/83)
C o r p o r a t i o n , C o l u n h u s , O h i o , n o t i f i c a t i o n of
i n t e n t t o e n y a q e i n d e novo a c t i v i t i e s ( m a k i n g ,
a c q u i r i n g o r s e r v i c i n g f o r i t s own a c c o u n t or f o r
fh*' a c c o u n t nf o t h e r s , a l l t y p e s o f r e s i d e n t i a l and
r f m r e m a l m o r t g a g e loan< and o t h e r e x t e n s i o n s of
c ^ J i f I i n c l u d i n g i s s u i n g l e t t e r s of c r e d i t and
a f e p t i n g d r a f f s i and o t h e r s u c h a c t i v i t i e s a s
a r e i n c i d e n t a l t h e r e t o ) a t MP West Main S t r e e t ,
l a m a s t e r , O h m , t h r o u g h i t s s u b s i d i a r y , BancOhio
Mortgage Company ( 1 2 / 2 8 / 8 3 )
Mellon National C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a ,
n o t i f i c a t i o n o f i n t e n t t o expand t h e s c o p e o f
de novo a c t i v i t i e s ( t h e s o l i c i t a t i o n o f l o a n b u s i n e s s
on b e h a l f o f A p p l i c a n t ' s b a n k i n g and nonbanking subs i d i a r i e s ) a t 551 Madison Avenue, New York, New York,
s e r v i n g t h e S t a t e o f New York t h r o u g h i t s s u b s i d i a r y ,
* e l l c n F i n a n c i a l S e r v i c e s C o r p o r a t i o n #2
(12/27/83)
Mellon National Corporation, P i t t s b u r g h , P e n n s y l v a n i a ,
n o t i f i c a t i o n of i n t e n t t o e n g a g e i n d e novo a c t i v i t i e s
f c o m m e r c i a l l e n d i n g i n c l u d i n g a c c o u n t s r e c e i v a b l e and
i r v e n t o r y f i n a n c i n g , and p e r m i s s i b l e p e r s o n a l p r o p e r t y
T e a s i n g , i n c l u d i n g a c t i n g a s a g e n t , b r o k e r , or
a d v i s e r i n l e a s i n g such p r o p e r t y ) a t Mark Twain B u i l d i n g ,
* H r 4 H o c r , IMOI Holmes Road, Kansas C i t y , M i s s o u r i ,
t h r o u g h i t s s u b s i d i a r y , M ellon F i n a n c i a l S e r v i c e s
Corporation
(12/27/83)
KfNR C o r ^ o r a f i o r , C h a r l o t t e , North C a r o l i n a , n o t i f i c a t i o n
r f i r t e n t t o e n g a g e i n d e novo a c t i v i t i e s (making
d i r e c t l o a n s l o r consumer and o t h e r p u r p o s e s , purf h d s i n q r e t a i l i n s t a l l m e n t n o t e s and c o n t r a c t s ,
f i l i n g at r e t a i l money o r d e r s h a v i n g a f a c e v a l u e
, * rnt r c r e than 5 1 , 0 0 0 and a c t i n g as a g e n t f o r
t h e s a l e of c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h
,md p h y s i c a l damage i n s u r a n c e d i r e c t l y r e l a t e d t o
f * f ( » n s m n s nf c r e d i t , t h r o u g h i t s s u b s i d i a r y ,
TranSouth f i n a n c i a l C o r p o r a t i o n ; and making d i r e c t
f n r consumer and o t h e r p u r p o s e s under t h e
u'-ury s t a t u t e s , p u r c h a s i n g r e t a i l i n s t a l l m e n t
, making d i r e c t l o a n s t o d e a l e r s
H.f,
52
- 21 I
RFCEIVED - Continued
f o r f i n a n c i n g o f i n v e n t o r y [ f l o o r p l a n n i n g ] and
worvinq c a p i t a l p u r p o s e s and a c t i n g a s agent f o r
+ br s a l e of c r e d i t l i f e , c r e d i t a c c i d e n t and
p h y s i c a l damage i n s u r a n c e d i r e c t l y
i t s e x t e n s i o n s of c r e d i t , through i t s
«;.ir<T(':ary, TranSouth Mortgage C o r p o r a t i o n ) at 803
"ichwa, ^4-70 S o u t h w e s t , H i c k o r y , North Carolina
'1^23/^3'
Arerica^ F l e t c h e r C o r p o r a t i o n , I n d i a n a p o l i s , I n d i a n a ,
n o t i f i c a t i o n of i t s i n t e n t t o engage in de novo
a c t i v i t i e s ( t o engage in l e n d i n g a c t i v i t i e s ) a t
4D?u T a y j o r s v i H e Road, L o u i s v i l l e , K e n t u c k y , t h e
y e o y r i p h i c area t o he s e r v e d w i l l be J e f f e r s o n
County, Kentucky, through i t s s u b s i d i a r y , American
Fletcher Financial S e r v i c e s , Inc.
(12/16/83)
'
Cowden Hancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , n o t i f i c a t i o n
o f ?nttnr t o engage in de novo a c t i v i t i e s ( t o d i r e c t l y
mioane de novo as a broker in t h e s a l e of c r e d i t l i f e
rnd c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e ) t h e g e o g r a p h i c
s c o n e i s proposed t o be Cowden, I l l i n o i s
(12/16/83)
(akwooc; Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , n o t i f i c a t i o n
of i n t e n t t o engage in
novo a c t i v i t i e s ( a s a b r o k e r
i r f h p s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t and
i t h i n s u r a n c e ) t h e g e o g r a p h i c scope i s p r o p o s e d
f f p Oakwood, I l l i n o i s
(12/16/83)
CHcpqn
Dallas
Dallas
S c h u y l e r Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s ( t o d i r e c t l y
or-jage de novo a s a broker in t h e s a l e of c r e d i t l i f e
anj c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e ) t h e g e o g r a p h i c
SvOpp i s proposed t o be R u s h v i l l e , I l l i n o i s
(12/16/83)
r
S e c u r i t i e s , I n c . , Albuquerque, New Mexico, n o t i f i c a t i o n
i n t e n t t o engage in de novo a c t i v i t i e s ( i n d a t a
p r o c e s s i n g and t r a n s m i s s i o n s e r v i c e s , f a c i l i t i e s , d a t a
b a s e s , o r a c c e s s t o such s e r v i c e s , f a c i l i t i e s , or d a t a
b a s e s by any t e c h n o l o g i c a l l y f e a s i b l e means)
(12/27/83)
H e l o t e s B a n c s h a r e s , I n c . , H e l o t e s , T e x a s , n o t i f i c a t i o n of
i n t e n t t o engage in de novo a c t i v i t i e s ( i n t h e underw r i t i n g of c r e d i t l i f e i n s u r a n c e and c r e d i t a c c i d e n t
and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s
of c r e d i t by H e l o t e s S t a t e Bank, a Texas banking
a s s o c i a t i o n and wholly-owned s u b s i d i a r y of H e l o t e s
P a n c s h a r e s , I n c . ) t h e s e a c t i v i t i e s would be performed
in t h e S t a t e of T e x a s , through i t s s u b s i d i a r y ,
Southern Sun L i f e Insurance Company ( 1 2 / 2 7 / 8 3 )
H.2, 1983 No. 52
- 22 APPLICATIONS RECEIVED - Continued
Dallas
River Oaks B a n c s h a r e s , I n c . , Houston, Te x a s, f o r
a p p r o v a l t o e n g a g e de novo i n t r u s t a c t i v i t i e s
t h r o u g h i t s s u b s i d i a r i e s R i v e r Oaks T r u s t Company,
Houston, Texas, and River Oaks Trust C o r p o r a t i o n ,
Houston, Texas.
Dallas
Unicorp B a n c s h a r e s , I n c . , Houston, T e x a s , n o t i f i c a t i o n
of i n t e n t t o e n g a g e in de novo a c t i v i t i e s ( i n data
p r o c e s s i n g a c t i v i t i e s , i n c l u d i n g t h e p r o v i s i o n of
data p r o c e s s i n g s e r v i c e s , data t r a n s m i s s i o n s e r v i c e s ,
data b a s e s and f a c i l i t i e s f o r t h e i n t e r n a l o p e r a t i o n
of Unicorp B a n c s h a r e s , I n c . , and i t s s u b s i d i a r i e s and
t h e p r o v i s i o n o f data p r o c e s s i n g and data t r a n s m i s s i o n
s e r v i c e s f o r f i n a n c i a l , banking o r economic data t o
o t h e r f i n a n c i a l and n o n f i n a n c i a l i n s t i t u t i o n s ) t h e s e
a c t i v i t i e s would be c o n d u c t e d in t h e S t a t e of T e x a s ,
through i t s s u b s i d i a r y , Unicorp S e r v i c e s , I n c .
(12/27/83)
San
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o expand de novo a c t i v i t i e s
(making or a c q u i r i n g f o r i t s own account of l o a n s and
o t h e r e x t e n s i o n s of c r e d i t such as would be made o r
a c q u i r e d by a f i n a n c e company; s e r v i c i n g l o a n s and
o t h e r e x t e n s i o n s of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d
l i f e i n s u r a n c e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h
i n s u r a n c e ; t h e a f o r e m e n t i o n e d t y p e s of c r e d i t - r e l a t e d
i n s u r a n c e are p e r m i s s i b l e under S e c t i o n 4 ( c ) ( 8 ) ( A ) of
t h e Bank Holding Company Act of 1956, a s amended by t h e
Garn-St Germain D e p o s i t o r y I n s t i t u t i o n s Act of 1982;
such a c t i v i t i e s w i l l i n c l u d e , but not be 1 i m i t e d t o ,
p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making
l o a n s and o t h e r e x t e n s i o n s of c r e d i t t o consumers
and b u s i n e s s e s , making l o a n s secured by real and
personal p r o p e r t y and o f f e r i n g c r e d i t - r e l a t e d l i f e
i n s u r a n c e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h
i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made
or a c q u i r e d by t h e above c o r p o r a t i o n ; c r e d i t - r e l a t e d
l i f e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e
may be r e i n s u r e d by BA Insurance Company, I n c . , an
a f f i l i a t e of FinanceAmerica C o r p o r a t i o n ) in South
Bend, I n d i a n a , s e r v i n g t h e e n t i r e S t a t e s of Indiana
and Michigan, through i t s s u b s i d i a r y , FinanceAmerica
Corporation (an Indiana c o r p o r a t i o n )
(12/28/83)
isco
#
H.2, 1983 No. 52
- 23 APPLICATIONS RECEIVED - Continued
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o expand de novo a c t i v i t i e s
(making o r a c q u i r i n g f o r i t s own account of l o a n s and
o t h e r e x t e n s i o n s of c r e d i t such a s would be made
or acquired by a f i n a n c e company; s e r v i c i n g l o a n s
and o t h e r e x t e n s i o n s of c r e d i t ; and o f f e r i n g c r e d i t r e l a t e d l i f e i n s u r a n c e and c r e d i t - r e l a t e d a c c i d e n t
and h e a l t h i n s u r a n c e ; c r e d i t - r e l a t e d property i n s u r a n c e
w i l l be o f f e r e d o n l y in P e n n s y l v a n i a , t h e aforementioned
t y p e s of c r e d i t - r e l a t e d i n s u r a n c e are p e r m i s s i b l e
under S e c t i o n 4 ( c ) ( 8 ) ( D ) of t h e Bank Holding Company
Act of 1956, as amended by t h e Garn-St Germain D e p o s i t o r y
I n s t i t u t i o n s Act of 1982 and S e c t i o n 2 of t h e Pennsylvania
Act of t h e General Assembly 1974 (P. L. 1148, No. 365
(40 P. S. 2 8 1 ) ) with r e s p e c t t o c r e d i t - r e l a t e d property
i n s u r a n c e ; such a c t i v i t i e s w i l l i n c l u d e , but not be
l i m i t e d t o , making consumer i n s t a l l m e n t l o a n s , purc h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making
l o a n s and o t h e r e x t e n s i o n s o f c r e d i t t o consumers
and b u s i n e s s e s , making l o a n s and o t h e r e x t e n s i o n s of
c r e d i t secured by real and personal p r o p e r t y , and
o f f e r i n g c r e d i t - r e l a t e d l i f e , c r e d i t - r e l a t e d accident
and h e a l t h and c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s o f c r e d i t made or
acquired by FinanceAmerica Consumer Discount Company;
c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d a c c i d e n t and
h e a l t h i n s u r a n c e may be r e i n s u r e d in t h e S t a t e s of
P e n n s y l v a n i a , New J e r s e y and Delaware by BA Insurance
Company, I n c . , an a f f i l i a t e of FinanceAmerica Consumer
a c t i v i t i e s w i l l be conducted from
seven * > i sr ing P e n n s y l v a n i a o f f i c e s ; t h e Bensalem,
S p r i n g f i e l d and two P h i l a d e l p h i a o f f i c e s w i l l each
s e r v e t h e e n t i r e S t a t e s of P e n n s y l v a n i a and New
J e r s e y ; The E r i e o f f i c e w i l l s e r v e t h e a d d i t i o n a l
S t a t e of New York; t h e West C h e s t e r o f f i c e w i l l s e r v e
t h e e n t i r e S t a t e s of P e n n s y l v a n i a and Delaware and t h e
WiIkes-Barre o f f i c e w i l l s e r v e t h e e n t i r e S t a t e of
P e n n s y l v a n i a , through i t s s u b s i d i a r y , FinanceAmerica
Consumer D i s c o u n t Company (a P e n n s y l v a n i a c o r p o r a t i o n )
(12/23/83)
Sfir
!r<mcisco
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a ,
f o r approval t o a c q u i r e d i r e c t ownership of 100
p e r c e n t of t h e e q u i t y s t o c k of S e c u r i t y P a c i f i c B r o k e r s ,
I n c . , and i t s wholly-owned s u b s i d i a r y , F i n a n c i a l C l e a r i n g
and S e r v i c e C o r p o r a t i o n .
*
*
*
*
*
- 2 4 RECEIVED
Continued
REPORTS RECEIVED
* # 4 * *
^K^:TION< FOR RULEMAKING
@FedFRASER