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•o otuK_ ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Applications and Reports Received or Acted on During the Week Ending December 4, 1971. H.2 No. 49 District 2 Date Proxy Statement (Special Meeting) Filed Pursuant to Section 14(a) of the Securities Exchange Act Received The Trust Company of New Jersey, Jersey City, New Jersey. * 4 4 * 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 Received Bourbon-Agricultural Bank & Trust Company, Paris, Kentucky. Approved Bourbon-Agricultural Bank & Trust Company, Paris, Kentucky. Vc "k 2 ic it To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Marine Midland Bank-Southern, Binghamton, New York. Branch to be established in the immediate neighborhood of Graham and Triphammer Roads, Town of Lansing, Tompkins County. Broadway Bank & Trust Company, Paterson, New Jersey. Branch to be established in the vicinity of Palisade Avenue and Engle Street, Englewood. 11-30-71 H.2 No. 49 -2- Received continued Security Trust Company of Rochester, Rochester, New York. Branch to be established at 114 feet south and 96 feet east of the intersection of Buffalo Road and Pixley Road, Westmar Plaza Development, Town of Gates, Monroe County. 2 3 Girard Trust Bank, Bala Cynwyd, Pennsylvania. Branch to be established at 3300 Lehigh Street, Salisbury Township, Lehigh County. 4 The Niles Bank Company, Niles, Ohio. Branch to be established at the northwest corner of the intersection of Heaton-North Road, State Route 82, Warren, Trumball County. 5 First Virginia Bank of the Peninsula, Hampton, Virginia. Branch to be established at 429 Denbigh Boulevard, Newport News, Virginia. 6 City and County Bank of Powell, Powell, Tennessee. Branch to be established at Grant Plaza Shopping Center, Knoxville, Tennessee, to be known as Halls Branch. 7 The First State Bank of Decatur, Indiana, Decatur, Indiana. Branch to be established at 322 North Second Street, Decatur, Indiana. 5 5 12 Approved *Schoolfield Bank & Trust Company, Danville, Virginia. Branch to be established at We stover Drive and James Road, Pittsylvania County, Virginia. ^Mountain Trust Bank, Roanoke,Virginia . Branches to be established at the following locations: A. At 4130 Avenham Avenue Extension, S.W., Roanoke County; and B. At 4250 Avenham Avenue Extension, S.W., Roanoke County (drive-in). ^United California Bank, Los Angeles, California. Branch to be established at southeast corner of intersection of Bernardo Center Drive and Rancho Bernardo Road, City and County of San Diego. Vv Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. Denied by State Hempstead Bank, Hempstead, New York. Branch to be established in the Hempstead Plaza Office Building, 50 Clinton Street, Incorporated Village of Hempstead, Nassau County. Thirty Day Notice of Intention to Establish An Additional Branch in a Foreign Country Received First National City Bank, New York, New York. Branches to be located in the Fiji Islands in the cities of Lautoka and Raiwaqa. Exchange National Bank of Chicago, Chicago, Illinois. Branch to be established in Israel to be located in Jerusalem. * * * * -k H. 2 1971 No. 49 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received American Bancorp, Dover Township, New Jersey, for 11-29-71 prior approval to acquire 100 per cent of the voting shares of First State Bank of Ocean County, Dover Township (Toms River P.O.) New Jersey. 7 6 Clearing Bancorporation, Inc., Chicago, Illinois, for prior approval to acquire 89.9 per cent or more of the voting shares of State Bank of Clearing, Chicago, Illinois. Approved On H.2 No. 43 for the week ending October 23, 1971, the Board reported receipt of an application from Third National Corporation, Nashville, Tennessee, for prior approval to acquire 100 per cent of the voting shares of the successor by merger to the Third National Bank in Nashville, Nashville, Tennessee. The Federal Reserve Bank of Atlanta, acting on behalf of the Board of Governors under delegated authority, approved acceleration of the 45-day period. 7 Associated Bank Corporation, Des Moines, Iowa, for prior approval to acquire 55 per cent or more of the voting shares of Iowa Trust & Savings Bank, Estherville, Iowa. 7 The Dai-Ichi Kangyo Bank, Ltd., Tokyo, Japan, for prior approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of The First Pacific Bank of Chicago, Chicago, Illinois, a proposed new bank. 12 The Mitsubishi Bank, Ltd., Tokyo, Japan, for prior approval to acquire 100 per cent of the voting shares (less directors1 qualifying shares) of The Mitsubishi Bank of California, Los Angeles, California, a proposed new bank. 12 Sanwa Bank Limited, Osaka, Japan, for prior approval to acquire 100 per cent of the voting shares (less directors qualifying shares) of The Sanwa Bank of California, San Francisco, California, a proposed new bank. 11-29-71 To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received First Banc Group of Ohio, Inc., Columbus, Ohio, for prior approval to acquire 100 per cent (less directors qualifying shares) of the voting shares of the successor by merger to Clermont National Bank, Milford, Ohio. First Florida Bancorporation, Tampa, Florida, for prior approval to acquire 90 per cent or more of the voting shares of The Orlando National Bank-West, Orlando, Florida, a proposed new bank. Approved United Bancshares of Florida, Inc., Miami, Florida, for prior approval to acquire 100 per cent of the voting shares (less directors 1 qualifying shares) of United National Bank of Westland, Hialeah, Florida, a proposed new bank. Denied Florida National Banks of Florida, Inc., Jacksonville, Florida, for prior approval to acquire 80 per cent or more of the voting shares of Ormond Beach First National Bank, Ormond Beach, Florida. Combanks Corporation, Winter Park, Florida, for prior approval to acquire 55.1 per cent or more of the voting shares of The Commercial Bank at Apopka, Apopka, Florida. Combanks Corporation, Winter Park, Florida, for prior approval to acquire 55.1 per cent or more of the voting shares of The Commercial Bank at Pine Castle, Pine Castle, Florida. Combanks Corporation, Winter Park, Florida, for . prior approval to acquire 55.1 per cent or more of the voting shares of North Orlando Bank, Fairvilla (P.O. Orlando), Florida. Combanks Corporation, Winter Park, Florida, for prior approval to acquire 55.1 per cent or more of the voting shares of South Seminole Bank, Fern Park, Florida. H. 2 1971 No. 49 "6~ Denied (Continued) Southeast Banking Corporation, Miami, Florida, for prior approval to acquire more than 5 per cent of the voting shares of The Commercial Bank at Apopka, Apopka, Florida. Southeast Banking Corporation, Miami, Florida, for prior approval to acquire more than 5 per cent of the voting shares of The Commercial Bank at Pine Castle, Pine Castle, Florida. Southeast Banking Corporation, Miami, Florida, for prior approval to acquire more than 5 per cent of the voting shares of The Commercial Bank at Winter Park, Winter Park, Florida. Southeast Banking Corporation, Miami, Florida, for prior approval to acquire more than 5 per cent of the voting shares of North Orlando Bank, Fairvilla (P.O. Orlando) Florida. Southeast Banking Corporation, Miami, Florida, for prior approval to acquire more than 5 per cent of the voting shares of South Seminole Bank, Fern Park, Florida. * 1 1 * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received R.I.H.T. Corporation, Providence, Rhode Island, 11-29-71 notification of intent to engage in a de novo activity (the making of equity investments in real estate ventures designed primarily to promote the community welfare) through a subsidiary known as the Washington Row Company, Providence, Rhode Island. Hartford National Corporation, Hartford, Connecticut, notification of intent to engage in a de novo activity (commercial finance, including accounts receivable lending) through a newly formed subsidiary, Nycon Capital Corporation, New York, New York and Hartford, Connecticut. 12-2-71 H.2. 1971 No. 49 6 -7— Received (Continued) Great American Corporation, Baton Rouge, Louisiana, notification of intent to engage in a de_ novo activity (leasing of personal property and equipment and acting as agent, broker or advisor in leasing of such property with the reasonable anticipation that the lease of the property will compensate the lessor for the lessor's full investment in the property) Baton Rouge, Louisiana. 12-1-71 7 American Fletcher Corporation, Indianapolis, Indiana, notification of intent to engage in a de novo activity (rendering financial advice to banks and other financial institutions in the development and servicing of loans and related activities and to render financial advice as to the management and administration of such banking and financial institutions) through a subsidiary to be known as Consumer Services Corporation, Indianapolis, Indiana. 12-2-71 10 Circle Management Company, Kearney, Nebraska, notification of intent to engage in a de_ novo activity (leasing of personal property and equipment to the extent permitted by law) through its wholly-owned subsidiary known as Circle Leasing Company, Kearney, Nebraska. 12-3-71 11 First City Bancorporation of Texas, Inc., Houston, Texas, for prior approval to acquire not less than 832 and 181/215 shares of the common capital stock of Midnat Company, Midland, Texas. 12 Marine Bancorporation, Seattle, Washington, for prior approval to acquire all of the shares of Far West Securities Co., Spokane, Washington. 2 Permitted** Chase Manhattan Corporation, New York, New York, 11-13-71 to engage in a de novo activity (to conduct generally the business of a mortgage company by making or acquiring for investment or resale, for its own account, or for the account of others, loans and other extensions of credit in respect of real property and acting as an issuer, broker and/or dealer in respect of securities guaranteed by the Government National Mortgage Association, which are based on **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1971 No * 49 Permitted**(Continued) or backed by pools of mortgages, which securities may be of the type commonly known as either straight pass through or modified pass through securities; to perform property management services and act as an investment and financial adviser with respect to real property interests; and incidental to its business as a mortgage company, among other things, (i) service mortgage loans, (ii) act as insurance agent or broker in offices at which subsidiary is otherwise engaged in business with respect to any insurance, including completion bonds, relative to real estate development projects in which subsidiary has an interest and with respect to any other insurance as to which subsidiary may act as agent or broker in accordance with the provisions of Section 222.4(a)(9) of Regulation Y of the Board of Governors of the Federal Reserve System and (iii) act as broker and/or dealer in connection with the placement of debentures issued by the Federal Housing Administration upon foreclosure of mortgage loans) through a newly created subsidiary to be known as Dovenmuehle New York, Inc. , New York, New York. 2 J.P. Morgan & Co,, Incorporated, New York, New York, to engage in a de novo activity (participation in the sponsorship, acquisition, construction, financing, and operation of housing for low- and moderate-income persons within the United States, its territories, possessions, and Puerto Rico pursuant to a Federal, State, or local program) through a wholly-owned subsidiary to be named The 23-Six Corporation, New York, New York. 12-2-71 2 United Jersey Banks, Hackensack, New Jersey, to engage in a d<2 novo activity (the making or acquiring, for its own account or for the account of others, of mortgage loans; the selling of mortgage loans; and servicing of mortgage loans for any person; and, to the extent permitted by the Board of Governors of the Federal Reserve System, the performance of property management services) through a subsidiary known as United Jersey Mortgage Company, Hackensack, New Jersey. 11-7-71 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1971 No. 49 -9- Permitted** First Pennsylvania Corporation, Philadelphia, Pennsylvania, has acquired $110,319 in assets and an office of DIG Finance Ltd., Colorado Springs, Colorado, through Teraplan Inc., Colorado Springs, Colorado, a subsidiary of its wholly-owned consumer finance subsidiary, Industrial Finance and Thrift Corporation, New Orleans, Louisiana. 11-30-71 First Pennsylvania Corporation, Philadelphia, Pennsylvania, has acquired all of the stock of Investors Loan Corporation ($50,000 in total assets) and an office in Edgehill Shopping Center, Dover, Delaware, through its wholly-owned consumer finance subsidiary, Investors Loan Corporation, Frederick, Maryland. 12-3-71 First Virginia Bankshares Corporation, Arlington, Virginia, to engage in a de novo activity (conducting a mortgage banking business) at an office of its present subsidiary, Arlington Mortgage Company, Virginia Beach, Virginia, through a subsidiary to be known as AmericanFirst Mortgage Corporation of Tidewater, Virginia Beach, Virginia. 12-3-71 Citizens Bancorporation, Sheboygan, Wisconsin, to engage in a de novo activity (sales of credit, health, life and accident insurance in connection with extensions of credit by its subsidiaries and sales of property, liability and other insurance to its subsidiaries or others as a convenience) previously engaged in de novo by its indirect subsidiary, Citizens Security Company of Sheboygan, Wisconsin, Inc., Sheboygan, Sheboygan Falls, Cedar Grove and Plymouth, Wisconsin. 12-3-71 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 1971 No. 49 6 Delayed** The Federal Reserve Bank of Atlanta, acting on behalf of the Board of Governors under delegated authority, delayed the 45-day period for permitting Jefferson Bancorp., Inc., Miami Beach, Florida, to engage in the following de novo activities: 12-1-71 (1) the general business of a mortgage finance or factoring company (2) servicing loans or other extensions of credit (3) acting as an investment or financial advisor or furnishing economic or financial information (4) leasing personal property and equipment or acting as agent, broker, or advisor in the leasing of such property through a subsidiary to be known as the Jefferson Capital Corp., Miami Beach, Florida. 4 2 To Expand A Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Received Citizens Financial Corporation, Cleveland, Ohio, 12-3-71 notification of intent to acquire United Underwriters Insurance Services, Inc., Cleveland, Ohio. Permitted** Kinney Services, Inc., New York, New York, to acquire Television Communications Corporation, New York, New York (or in the alternative to acquire the cable T.V. properties owned by Television Communications Corporation) and to acquire the cable T.V. properties owned by Continental Telephone Company, Clayton, Missouri. 12-2-71 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority.
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