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ANNOUNCEMENT BT
BOARD OF GOVERNORS
O F THE
FEDERAL RESERVE SYSTEM
H.2, 1985 No. 49
ACTIONS O F T HE BOARD
Applications and Reports Received
During the W e e k Ending December 7, 1985
APPLICABLE
RESERVE BANK
ACTIONS O F THE BOARD
Amendment to Regulation D (Reserve
Requirements of Depository Institutions) to
increase the amount of transaction accounts
subject to a reserve requirement ratio of
three percent, from $29.8 million to $31.7
million; and to increase the amount of
reservable liabilities of each depository
institution that is subject to a reserve
requirement of zero percent, from $2.4
million to $2.6 million (Docket R - 0 5 6 1 ) .
A proposed interpretation of Regulation G
(Securities Credit by Persons Other Than
Banks, Brokers or Dealers) issued, applying
margin requirements to a limited class of
transactions used to secure credit for the
purpose of acquiring margin stock, comment
period ends December 23, 1985.
Proposed changes to the official staff
commentary to Regulation E (Electronic Fund
Transfer) and Regulation Z (Truth in
Lending), comment period ends February 7,
1986.
Secretary
Regulation Q penalties — early
withdrawal for depositors affected by storm
damage in designated areas of Virginia, West
Virginia, and Pennsylvania. 1/
Philadelphia
Commonwealth Bancshares Corporation,
Williamsport, Pennsylvania — extension of
time to January 19, 1986 within which to
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 the Boa r d of Governors
u n d e r d e l e g a t e d authority.
H.2,
1985 No.
49
2
ACTIONS OP THE BOAKD - Continued
acquire up to 14.9 percent of the outstanding
shares of Heritage Financial Services Corp.,
Lewistown, Pennsylvania. 1/
Philadelphia
Interim National Bank of Middleburg,
Pennsylvania, proposed merger with
Swineford
National Bank, under the charter of the
former and with the title of the latter —
report to the Comptroller of the Currency on
competitive factors. 1/
Philadelphia
St. Clair Interim Bank, Saint Clair,
Pennsylvania, proposed merger with Peoples
Safe Deposit Bank, Saint Clair, Pennsylvania,
under the charter of the former and with the
title of the latter — report to the Federal
Deposit Insurance Corporation on competitive
factors. 1/
Richmond
Central Fidelity Banks, Inc., Richmond,
Virginia — extension of time to March 4,
1986, within which to acquire Central
Fidelity Bank, National Association,
Richmond, Virginia. 1/
Richmond
St. Michaels Bank, St. Michaels,
Maryland — extension of time to June 12,
1986, within which to establish
a branch on Marlboro Avenue, Easton,
Maryland. 1/
Richmond
Northern Neck State Bank, Warsaw,
Virginia — extension of time to February 8,
1986, within which to establish a branch at
Time Square Shopping Center. 1/
Atlanta
Central Bank of the South, Birmingham,
Alabama — invest in bank premises. 1/
Atlanta
Citizens and Southern Georgia
Corporation, Atlanta, Georgia — extension of
time to March 26, 1986, within which to
engage de novo in investment and financial
advisory services through Citizens and
Southern Investment Counseling, Inc. 1/
Atlanta
Marion County Bancshares, Inc.,
Hamilton, Alabama — extension of time to
March 5, 1986, within which to become a bank
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 the Boa r d of G o v ernors
u n d e r d e l e g a t e d authority.
H.2,
1985 No.
49
3
ACTIONS OP TH E BOARD - Continued
holding company by acquiring First National
Bank of Hamilton. 1/
Atlanta
St. Mary Holding Corporation, Franklin,
Louisiana — extension of time to March 28,
1986, within which to become a bank holding
company by acquiring St. Mary Bank and Trust
C o m p a n y . 1/
Chicago
Valley National Bank of Aurora Interim
National Bank, Aurora, Illinois, Proposed
merger with Valley National Bank of Aurora,
under the charter of the former and the title
of the latter — report to the Comptroller of
the Currency on competitive factors. 1/
Chicago
The Marine Corporation, Milwaukee,
Wisconsin — extension of time to March 5,
1986, within which to acquire 100 percent of
the voting shares of the successor by merger
to The Citizens National Bank of Stevens
Point, Stevens Point, Wisconsin. 1/
St. Louis
Old National Bank in Evansville,
Evansville, Indiana, proposed merger with
Southern Indiana Bank and Trust Company,
Newburgh, Indiana — report to the
Comptroller of the Currency on competitive
factors. 1/
Dallas
N ew East Texas Bancshares, Inc.,
Livingston, Texas — extension of time to
January 29, 1986, within which to acquire
East Texas Bancshares, Inc., Livington, and
indirectly First National Bank of Jasper and
First State Bank of Livingston. 1/
Dallas
N e w Weslaco State Bank, Weslaco, Texas,
proposed merger with Mid Valley Bank —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
Dallas
N ew Granger Bank, Granger, Texas,
proposed merger with The Granger National
Bank, Granger, Texas — report to the
Comptroller of the Currency on competitive
factors. 1/
Dallas
Security Bancorp,
Inc., San Antonio,
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 the B o a r d of Governors
u n d e r d e l e g a t e d authority.
H.2,
1985 No.
49
4
ACTIONS OF TH E BOARD - Continued
Texas — extension of time to March 18, 1986,
within which to acquire Security Bank East,
N.A. 1/
Dallas
IB Bancshares, Inc., Plano, Texas —
extension of time to January 31, 1986, within
which to acquire Independence Bank. 1/
San Francisco
First Interstate Bank of Oregon, N . A . ,
Portland, Oregon, proposed purchase of the
assets and assumption of the liabilities of
the Canby Union Bank, Canby Oregon — report
to the Comptroller of the Currency on
competitive factors. 1/
San Francisco
First Hawaiian, Inc., Honolulu, Hawaii
— extension of time for Hawaii Thrift & Loan
to divest properties. 1/
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 the B o a r d of G o vernors
u n d e r d e l e g a t e d authority.
H.2,
1985 No.
49
5
ACTIONS OF THE BOARD - Continued
* * * * *
To Establish a Domestic Branch Pursuant to
Section 9 o f the Federal Reserve Act
Approved
Cleveland
Beaver Trust Company, Beaver,
Pennsylvania — to establish a CBCT facility
at 1000 Dutch Ridge Road, Beaver,
Pennsylvania. 1/ 12/6/85
Atlanta
Commerce Union Bank Johnson City,
Johnson City, Tennessee — to establish
branches at 1143 Volunteer Parkway and 2414
West State Street, Bristol, Tennessee. 1/
12/2/85
Atlanta
Columbia Bank of Tampa, Tampa, Florida
— to establish a branch at 3402 Lithia
Pinecrest Road, Valrico, Florida. 1/ 12/2/85
* * * * *
Issued Intent Not to Disapprove Change o f Control
Pursuant to Change in Bank Control A ct of 1978
Not Disapproved
Kansas City
Rogers County Bank Holding Company,
Claremore, Oklahoma. 1/ 12/6/85
Dallas
Columbia Bancshares, Inc., West
Columbia, Texas. 1/ 12/6/85
* * * * *
To Become a Member of The Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
Atlanta
Sunshine Bank of Broward, Lauderhill,
Florida. 1/ 12/2/85
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 the B o a r d of Governors
u n d e r d e l e g a t e d authority.
H.2,
1985 No.
49
6
ACTIONS OP THE BOARD - Continued
International Investment and Other Actions
Approved Pursuant to Sections 25 and 25(a)
of the Federal Reserve A ct and Sections
4 (c)9 and 4 (c)13 of the Bank Holding Company
Act of 1956, as amended
Forty-five D ay Notification Period A l l owed to Expire
Chemical Bank, N ew York, N ew York — no
objection to permit an additional investment
by its wholly-owned subsidiary, Chemical Bank
of Canada, Toronto, Canada, in Chemical Bank
Canada Leasing Limited, Toronto, Canada.
Approved
N ew York
Marine Midland Banks, Inc., N ew York,
N ew York — grants consent for Marine Midland
Finance N . V . , Curacao, Netherlands Antilles,
to invest its capital funds in non-voting
preferred shares of Marine Midland National
Corporation, Buffalo, N e w York.
* * * * *
To For a Bank Holding Company Pursuant
to Section 3 ( a ) (1) of the Bank Holding
Act of 1956
Returned
Chicago
Advance BanCorp, I n c . , Chicago, Illinois
— for approval to acquire 100 percent of the
voting shares of South Chicago Savings Bank,
Chicago, Illinois. (12/5/85)
Approved
Boston
Independent Bank C o r p . , Rockland,
Massachusetts — for approval to acquire 100
percent of the voting shares of Rockland
Trust Company, Rockland, Massachusetts and
Middleborough Trust Company, Middleboro,
Massachusetts. 1/
(12/4/85)
New York
Grupo Financiero Popular, S.A., Santo
Domingo, Dominican Republic —
for approval
to acquire at least 48 percent of the voting
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 the B o a r d of Governors
u n d e r d e l e g a t e d authority.
H . 2, 1985 No.
49
7
ACTIONS OP THE BOARD - Continued
shares of The Dominican Bank, N ew York, N e w
York, a proposed new bank.
(12/2/85)
Cleveland
Cochranton 3ancorp, Inc., Cochranton,
Pennsylvania —
for approval to acquire 100
percent of the voting shares of The First
National Bank of Cochranton, Cochranton,
Pennsylvania. 1/ (12/3/85
Cleveland
Wayne Bancorp, Inc., Wooster, Ohio — *
for approval to acquire 100 percent of the
voting shares of The Wayne County National
Bank of Wooster, Wooster, Ohio. 1/ (12/6/85)
Richmond
Farmers & Merchants Walterboro
Bancshares Corporation, Walterboro, South
Carolina —
for approval to acquire 100
percent of the voting shares of Farmers &
Merchants, Walterboro, South Carolina. 1/
(12/5/85)
Richmond
Queen City Special Company B, Charlotte,
North Carolina —
for approval to acquire 100
percent of the voting shares of Central
Florida Bank Corporation, Dade City, Florida
and indirectly acquire The Bank of Pasco
C o u n t y , Dade City, Florida. 1/ (10/24/85)
Atlanta
First Commercial Financial Corporation,
Bradenton, Florida —
for approval to acquire
100 percent of the voting shares of First
Commercial Bank of Manatee County, Bradenton,
Florida. 1/ (12/5/85)
Atlanta
South Alabama B a n c o r p o r a t i o n , Inc.,
Brewton, Alabama —
for approval to acquire
100 percent of the voting shares of The First
National Bank, Brewton, Alabama. 1/ (12/6/85)
Chicago
Cloverdale Bank Corporation, Cloverdale,
Indiana — for approval to acquire 100
percent of the voting shares of The First
National Bank of Cloverdale, Cloverdale,
Indiana. 1/
(12/2/85)
Chicago
USA FIRSTRUST, INC., Oglesby, Illinois
—
for approval to acquire 100 percent of the
voting shares of First National Bank of
Oglesby, Oglesby, Illinois. 1/ (12/6/85)
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 the B o a r d of Governors
u n d e r d e l e g a t e d authority.
H.2,
1985 No.
49
8
ACTIONS OF THE BOARD - Continued
St. Louis
Metropolitan Bancshares, Inc.,
Springfield, Missouri —
for approval to
acquire 100 percent of the voting shares of
Metropolitan National Bank, Springfield,
Missouri. 1/ (12/5/85)
Minneapolis
Mapleton Bancshares, Inc., Mapleton,
Minnesota —
for approval to acquire 80.2
percent of the voting shares of The First
National Bank of Mapleton, Mapleton,
Minnesota. 1/
(12/4/85)
Minneapolis
St. Stephen Bancorporation, Minneapolis,
Minnesota —
for approval to acquire 92.6
percent of the voting shares of
ST. Stephen State Bank, St. Stephen,
Minnesota. 1/
(12/4/85)
* * * * *
To Expand a Bank Holding Company
Pursuant to Section 3 ( a ) (3) of the
Bank Holding Company Act of 1956
Returned
Chicago
St. Joseph Bancorporation, Inc., South
Bend, IN —
for approval to acquire common
stock and convertible subordinated debentures
representing 15.51 percent of Decatur
Financial, Inc., Decatur, Indiana and
indirectly Decatur Bank and Trust Company,
Decatur, Indiana.
(10/31/85)
Minneapolis
JDOB, Inc., Naples, Florida —
for
approval to acquire at least 83 percent of
the voting shares of Sandstone State Bank,
Sandstone, Minnesota.
(10/16/85)
Dallas
United Bankers, Inc., Waco, Texas —
for
approval to acquire 100 percent of the voting
shares of Red Bird Bancshares, Inc., Dallas,
Texas, thereby indirectly acquire Red Bird
Bank of Dallas, Dallas, Texas. (12/6/85)
Approved
Cleveland
First Western Bancorp,
Inc., N e w Castle,
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 the B o a r d of Go v e r n o r s
un d e r d e l e g a t e d authority.
H.2,
1985 No.
49
9
ACTIONS O F THE BOARD - Continued
Pennsylvania —
for approval to acquire 100
percent of the voting shares of Beaver Trust
Company, Breaver, Pennsylvania. 1/
Richmond
Southern National Corporation,
Lumberton, North Carolina —
for approval to
acquire 100 percent of the voting shares of
the successor by merger to Horry County
National Bank, Loris, South Carolina. 1/
(12/6/85)
Atlanta
Barnett Banks of Florida, Inc.,
Jacksonville, Florida — for approval to
acquire 100 percent of th voting shares of
Barnett Bank of Santa Rose County, Gulf
Breeze, Florida, a proposed new bank. 1/
(12/3/85)
Chicago
Associated Banc-Corp, Green Bay,
Wisconsin —
for approval to acquire 100
percent of the voting shares of Memorial
Drive Bank, Sheboygan, Wisconsin. 1/
(12/3/85)
Chicago
Citizens Coummunity Bankshares, Inc.,
Wittenberg, Wisconsin —
for approval to
acquire 100 percent of the voting shares of
FS Bancshares Inc., Stetsonville, Wisconsin
and indirectly Farmers State Bank,
Stetsonville, Wisconsin. 1/ (12/4/85)
St. Louis
First American Bancshares, Inc., North
Little Rock, Arkansas —
for approval to
acquire at least 88.5 percent of the voting
shares of Bank of Mulberry, Mulberry,
Arkansas. 1/ (12/4/85)
Dallas
RepublicBank Corporation, Dallas, Texas
—
for approval to acquire 100 percent of the
voting shares of Richardson Bank & Trust,
Richardson, Texas. 1/ (12/3/85)
* * * * *
To Expand a Bank Holding Company
Pursuant to Section 4 ( c ) (8) of the
Bank Holding Company A ct of 1956
Withdrawn
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 the B o a r d of Governors
u n d e r d e l e g a t e d authority.
H.2,
1985 No.
49
10
ACTIONS OF THE BOARD - Continued
Kansas City
Johnston County Bancshares, Inc.,
Tishomingo, Oklahoma — to engage de novo
(selling credit life, disability, or
involuntary unemployment insurance) through a
proposed new subsidiary, Johnson County
Insurance Agency, Tishomingo, Oklahoma.
(12/6/85)
Returned
New York
Manufacturers Hanover Corporation, N e w
York, N ew York —
for approval to acquire
through its subsidiary, Manufacturers Hanover
Securities Corporation, 100 percent of the
voting shares of J.W. Korth & Company
Incorporated, Farmington Hills, Michigan. 1/
(12/3/85)
Chicago
Community Banks, Inc., Middleton,
Wisconsin — to establish a de novo
subsidiary, CBI Trust and Financial Services,
Inc., Madison, Wisconsin and to engage de
novo (engaging in the activities of a trust
company of a fudiciary, agency, or custodial
n a t u r e ) . (12/3/85)
St. Louis
Siloam Springs Bancshares, Inc.,
Bentonville, Arkansas —
(engaging in full
pay-out personal propertv l e a s i n g ) .
(12/2/85)
Approved
N e w York
Manufacturers Hanover Corporation, N e w
York, N e w York — to engage de novo through
its wholly-owned subsidiary, Manufacturers
Hanover Futures, Inc., N ew York, N ew York, in
the execution and clearance, on major
commodity exchanges, of futures contracts on
stock indexes, options on such future
contracts, and futures contracts on a
municipal bond index. (12/2/85)
Permitted
N ew York
Banca Commercials Italians, Milan, Italy
and North American Bancorp. Inc., Garden
City, N ew York — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
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 the B o a r d o f Gov e r n o r s
u n d e r d e l e g a t e d authority.
H.2,
1985 No.
49
11
ACTIONS OF THE BOARD - Continued
activities) through its subsidiary NABAC
Investment Securities Corp. (12/1/85)
Philadelphia
Keystone Heritage Group Incorporated,
Lebanon, Pennsylvania — to engage de novo
(underwriting credit life and disability
insurance on consumer loans) through the
acquisition of Keystone Heritage Life
Insurance Company, Phoenix, Arizona. The
activity will be conducted from the offices
of Lebanon Valley National Bank, located in
Lebanon, Schuykill and Berks Countries and in
addition will service Dauphin and Lancaster
Counties of central Pennsylvania. (11/1/85)
Kansas City
First National of Nebraska, Inc., Omaha,
Nebraska — to expand the geographic scope of
its activity (making, acquiring and/or
servicing loans for itself or for other of
the type made by a credit card company) to
include the entire United States, through its
subsidiary, First National Credit
Corporation, Omaha, Nebraska. (12/4/85)
* * * * *
Redemption of Shares
Approved
Minneapolis
Lakota Bank Holding Company, Inc.,
Lakota, North Dahota. 1/ (12/4/85)
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 the Board of Governors
u n d e r d e l e g a t e d authority.
H.2,
1985 No.
49
12
APPLICATIONS RECEIVED
To Merge Pursuant to Section
1 8 (c) of The
Federal Deposit Insurance Act
Received
New York
The Bank of N ew York, New York — to
acquire certain assets and assume certain
liabilities of Fidata Trust Company New York,
N e w York, New York. 2/
* * * * *
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
N ew York
The Bank of New York, N ew York, N ew York —
to establish a branch at 68 Broad Street, N e w
York, N e w York. 2/
New York
Chemical Bank, N ew York, N e w York — to
establish a branch office at 300 Park Avenue,
Ne w York, N e w York. 2/
Atlanta
Central Bank of the South, Birmingham,
Alabama — to establish a branch located at
3607 Ross Clark Circle, N . W . , Dothan,
A l a b a m a . 2/
San Francisco
First Interstate Bank of California, Los
Angeles, California — a branch office to be
located at the Tom Price Dealership Year-End
Cow Palace Show, at Geneva and Santos
Streets, San Francisco, California. 2/
2/ Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve
Bank m ay be contacted as to the length of the comment
period.
H.2,
1985 No.
49
13
APPLICATIONS RECEIVED - Continued
Applications and Notifications for
International Investments and Other
Actions Pursuant to Sections 25 and
25(a) of the Federal Reserve Act
and Sections 4(c)(9), 4(c) (13) and
4 ( c ) (14) o f the Bank Holding Company
Ac t of 1956, as amended
Received
N ew York
Citibank Overseas Investment Corporation,
Wilmington, Delaware — to acquire and hold,
indirectly, 100 percent of the shares of
Citicorp Futures Australia, Ltd., Sydney,
Australia ("Futures"), which will engage in
certain futures commission merchants
activities on the Sydney Futures Exchange,
Sydney, Australia.
N ew York
Prudential-Bache Trade Corporation, N ew York,
N e w York — requests the consent to make an
additional investment in the capital stock of
its wholly owned Edge Act subsidiary, PBTC
International Bank, N e w York, N ew York and
Edge requests the Board's consent to amend
its articles of association to reflect an
increase in its capital stock.
* * * * *
To F o r m a Bank Holding Company Pursuant
Section 3(a)(1) of the Bank Holding
Holding Company A c t of 1956
Received
N e w York
The Mitsubishi Trust and Banking Corporation,
Tokyo, Japan —
for approval to acquire 100
percent of the voting shares of Mitsubishi
Trust and Banking Corporation (USA), New
York, N ew York, a proposed new bank. 2/
Cleveland
AT Indiana Corporation, Cleveland, Ohio —
for approval 100 percent of the voting shares
of First Indiana Bancorp, Elkhart, Indiana
and indirectly First National Bank, Elkhart,
Indiana and State Bank of Syracuse, Syracuse,
Indiana. 2/
2/ Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve
Bank may be contacted as to the length of the comment
period.
H.2,
1985 No.
49
14
APPLICATIONS RECEIVED - Continued
Atlanta
General Bancshares, Inc., South Pittsburgh,
Tennessee — for approval to acquire 100
percent of the voting shares of Citizens
State Bank, South Pittsburgh, Tennessee. 2/
Chicago
First National Bancorp, I n c . , Joliet,
Illinois — for approval to acquire 100
percent of the voting shares of First
National Bank of Joliet, Joliet, Illinois.
2/
Chicago
First United Bancorp, Franklin, Indiana —
for approval to acquire 100 percent of the
voting shares of Franklin Bank & Trust
Company, Franklin, Indiana. 2/
Chicago
Shelby County Bancorp, Inc., Shelbyville,
Illinois —
for approval to acquire 100
percent of the voting shares of Shelby County
State Bank, Shelbyville, Illinois. 2/
San Francisco
National Bancorp of Arizona, Inc., Tucson,
Arizona —
for approval to acquire 100
percent of the voting shares of National Bank
of Tucson, Tucson, Arizona. 2/
* * * * *
To Expand a Bank Holding Company Pursuant
to Section 3 ( a ) (3) o f the Bank Holding
Company Act of 1956
Received
Cleveland
AmeriTrust Corporation, Cleveland, Ohio —
for approval to acquire 100 percent of the
voting shares of First Indiana Bancorp,
Elkhart, Indiana and indirectly First
National Bank, Elkhart, Indiana and State
Bank of Syracuse, Syracuse, Indiana. 2/
St. Louis
Citizens Fidelity Corporation, Louisville,
Kentucky —
for approval to acquire 100
percent of the voting shares of Bank of
Oldham County, LaGrange, Kentucky. 2/
Minneapolis
JDOB, Inc., Naples, Florida —
for approval
to acquire at least 83 percent of the voting
shares of Sandstone State Bank, Sandstone,
Minnesota. 2/
2/ Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve
Bank may be contacted as to the length of the comment
period.
H.2,
1985 NO.
49
15
APPLICATIONS RECEIVED - Continued
Kansas City
Tampa State Bankshares, Inc., Tampa, Kansas
— to acquire 100 percent of the voting
shares of Chase County Bankshares, Inc.,
Strong City, Kansas, and indirectly acquire
Chase County Bank, Strong City, Kansas. 2/
Dallas
American Southwest Bancshares, Inc., El Paso,
Texas —
for approval to acquire 80 percent
of the voting shares of Western Bancshares of
El Paso, Inc., El Paso, Texas and indirectly
acquire Western Bank of El Paso, El Paso,
Texas. 2/
Dallas
National Bancshares Corporation of Texas, San
Antonio, Texas — for approval to acquire 100
of the voting shares of City National Bank of
Laredo, Laredo, Texas. 2/
Dallas
Woodville Bancshares, Inc., Waco, Texas —
for approval to acquire 99.75 percent of the
voting shares of The First State Bank,
Colmesneil, Texas. 2/
2/ Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve
Bank m ay be contacted as to the length of the comment
period.
H.2,
1985 No.
49
16
APPLICATIONS RECEIVED - Continued
* * * * *
To Expand a Bank Holding Company Pursuant
to Section 4(c)(8) of the Bank Holding
Company Act of 1956
Received
Boston
Bank of Boston Corporation, Boston,
Massachusetts — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
activities) through BancBoston Brokerage,
Inc., and Colbanc Securities Ltd.
The
activity would be conducted nationwide.
(12/6/85)
Boston
Shawmut Corporation, Boston, Massachusetts —
to engage de novo (discount securities
brokerage activities including certain
securities credit and incidental activities)
through a new subsidiary, Shawmut Brokerage
Services, Inc., Boston, Massachusetts.
The
activity would be conducted nationwide.
(12/3/85)
N ew York
The Bank of Ne w York Company, Inc., N ew York,
N ew York —
for approval to acquire RMJ
Securities Corporation, N e w York, N ew York
and thereby engage in acting as broker to
primary dealers for U.S. government
securities and agency obligations.
New York
Citicorp, Ne w York, N e w York — to acquire
the assets and liabilities of Northeast
Exchange Ltd., 1984-1, a Texas partnership
and thereby engage in data processing and
transmission activities.
Ne w York
Manufacturers Hanover Corporation, N e w York,
N e w York —
for approval to engage through
its wholly owned subsidiary, Manufacturers
Hanover Securities Corporation, N ew York, New
York, in securities brokerage activities.
Philadelphia
Fidelcor, Inc., Philadelphia, Pennsylvania —
to establish a de novo subsidiary, Fidelcor
Brokerage Services, Inc., Philadelphia,
Pennsylvania and to engage de novo (discount
H.2,
1985 No.
49
17
APPLICATIONS RECEIVED - Continued
securities brokerage activities including
certain securities credit and incidental
activities). (12/6/85)
Cleveland
AmeriTrust Corporation, Cleveland, Ohio —
for approval to acquire through its
wholly-owned subsidiary, AT Indiana
Corporation, First Life Insurance Company,
Elkhart, Indiana, a wholly-owned subsidiary
of First Indiana Bancorp, Elkhart, Indiana.
Richmond
South Carolina National Corporation,
Columbia, South Carolina — to engage de novo
(discount securities brokerage activities
including certain securities credit and
incidental activities) through its
subsidiary, SCN Discount Brokerage Services,
Inc., Columbia, South Carolina. (12/4/85)
Atlanta
Deposit Guaranty Corp., Jackson, Mississippi
— to engage de novo (discount securities
brokerage activities including certain
securities credit and incidental activities)
through its subsidiary D.G. Investments,
Inc., Jackson, Mississippi.
These services
will be provided throughout the United States
unless otherwise limited by law. (12/5/85)
Atlanta
First State Bancshares, Inc., Pensacola,
Florida — to engage de novo (providing to
others financially related data processing
and data transmission services, facilities,
and data bases; or access to them) through
its subsidiary, First State Service
Corporation, Pensacola, Florida.
The primary
operating area will be Escambia County,
Florida, and its contiguous counties.
(11/27/85)
Atlanta
Louisiana Bancshares, Inc., Baton Rouge,
Louisiana —
for approval to acquire 20.45
percent of the shares of LINC Switch, Inc.,
Baton Rouge, Louisiana.
Atlanta
Prattville Financial Services Corporation,
Prattville, Alabama — to engage de novo
(making acquiring and/or servicing loans for
itself or for others of the type made by a
mortgage company; consumer finance company;
commercial finance company; factor) through
H.2,
1985 No.
49
18
APPLICATIONS RECEIVED - Continued
its subsidiary Key Finance Company of
Prattville, Inc., Prattville, Alabama.
The
geographic area to be served will be the
State of Alabama. (12/3/85)
Atlanta
Prattville Financial Services Corporation,
Prattville, Alabama — to engage de novo
(making, acquiring, and/or servicing loans
for itself or for others of the type made by
a mortgage company; consumer finance company;
commercial finance company; factor) through
its subsidiary, Prattville Mortgage company,
Prattville, Alabama.
The geographic area to
be served will be the State of Alabama.
(12/3/85)
Chicago
First of America Bank Corporation, Kalamazoo,
Michigan -— to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
activities) through the acquisition of First
of America Brokerage Service, Inc.,
Kalamazoo, Michigan.
The activity would be
conducted nationwide. (12/2/85)
Chicago
First United Bancorp, Franklin, Indiana —
for approval to acquire Franklin Financial
Corporation, Indianapolis, Indiana, and
thereby engage in the origination, package,
sale and servicing of commercial and mortgage
loans, the origination of small consumer
loans, and the origination of finance leases
and to acquire Franklin Mortgage Corporation,
Indianapolis, Indiana, and thereby engage in
residential mortgage lending, servicing and
brokering, and commercial mortgage loan
servicing and brokering.
Chicago
Midwest Financial Group, Inc., Peoria,
Illinois — to establish a de novo
subsidiary, Midwest Financial Group Brokerage
Services, Inc., Peoria, Illinois, and to
engage de novo (discount securities brokerage
activities including certain securities
credit and incidental activ i t i e s ) . (12/3/85)
St. Louis
Area Bancshares Corporation, Hopkinsville,
Kentucky —
for approval to engage de novo in
providing to others financially related data
processing and data transmission services,
H.2,
1985 No.
49
19
APPLICATIONS RECEIVED - Continued
facilities, and data bases; or access to them
through the acquisition of at least 50
percent of Datanet, Inc., a subsidiary of
applicant and North American Financial
Services, Ltd., St. Petersburg, Florida,
which will acquire a 50 percent interest in
North American Financial Services Company of
Kentucky, a joint venture, with Mid-America
Data Processing, I n c . , which will also
acquire a 50 percent interest therein, a
wholly-owned subsidiary of Mid-America
Bancorp, Louisville, Kentucky, and subsequent
acquisition by North American Financial
Services Company of Kentucky of L.H.F.
Information Processing, Inc., a going
corporation and wholly-owned subsidiary of
North American Financial Services, Ltd., and
former wholly-owned subsidiary of Future
Federal Savings Bank of Louisville, Kentucky,
which has been and currently is engaged in
certain permissible nonbanking activities.
St. Louis
Magna Group, Inc., Belleville, Illinois — to
engage de novo (providing to others financial
related data processing and data transmission
services, facilities, and data bases; or
access to them) through Magna Data Services,
Inc., Belleville, Illinois. (12/3/85)
St. Louis
Mark Twain Bancshares, Inc., St. Louis,
Missouri — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
activities; through its wholly-owned
subsidiary, Mark Twain Brokerage Services,
Inc., St. Louis, Missouri. (12/3/85)
St. Louis
Mid-America Bancorp, Louisville, Kentucky —
for approval to engage de novo in providing
to others financially related data processing
and data transmission services, facilities,
and data bases; or access to them through
acquisition of Mid-America Data Processing,
Inc., which will acquire a 50 percent
interest in North American Financial Services
Company of Kentucky, a joint venture, with
Datanet, Inc., which will also acquire a 50
percent interest therein, a subsidiary of
Area Bancshares Corporation, Hopkinsville,
Kentucky and North American Financial
H.2,
1985 No.
20
49
APPLICATIONS RECEIVED - Continued
Services, Ltd., St. Petersburg, Florida; and
the subsequent acquisition by North American
Financial Services Company of Kentucky, a
joint venture, of L.H.F. Information
Financial Services, Ltd., St. Petersburg,
Florida.
Minneapolis
Bank Shares Incorporated, Minneapolis,
Minnesota — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
a c t i v i t i e s ) . The activity will be conducted
nationwide. (12/6/85)
Dallas
Independent Bankshares, Inc., Abilene, Texas,
— to engage de novo (providing to others
financially related data processing and data
transmission services, facilities, and data
bases; or access to them) through the
acquisition of First Independent Computers,
Inc., Abilene, Texas. (12/6/85)
San Francisco
Wells Fargo & Company, San Francisco,
California — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
activities) through Wells Fargo Brokerage
Corporation, San Francisco, California.
(12/2/85)
* * * * *
Reports Received
None
* * * * *
Petitions for Rulemaking
None
@FedFRASER