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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1984 No. 49
Actions of the Board; Applications and Reports
Received During the Week Ending December 8, 1984
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Regulation E, Electronic Fund Transfers, proposed update
to official staff commentary; comments requested by
January 31 , 1985.
Regulation Z, Truth in Lending, proposed update to
official staff commentary; comments requested by
January 31, 1985.
Boston
Woodstock National Bank, Woodstock, Vermont, proposal to
merge with Woodstock Bank, National Association, Woodstock,
Vermont; report transmitted to the Comptroller of the
Currency on competitive factors. ]_/
Cleveland
Grant County Bancorp, Inc., Williamstown, Kentucky, extension
of time until March 31, 1985, within which to acquire Grant
County Deposit Bank. ]_/
Cleveland
Diamond BancShares, Inc., Antwerp, Ohio, extension of time
until February 28, 1985, for the proposed reorganization of
the Antwerp Exchange Bank Company, Antwerp, Ohio, into
Diamond BancShares, Inc.
Cleveland
Citizens Bancshares, Inc., Salineville, Ohio, extension of
time until March 28, 1985, within which to complete the
reorganization of the Union Commercial and Savings Bank,
East Palestine, Ohio. V
Richmond
FNB National Bank, Reidsville, North Carolina, an organizing
bank, proposed consolidation with First National Bank of
Reidsville, Reidsville, North Carolina; report transmitted
to the Comptroller of the Currency on competitive factors.
Richmond
Dominion Bank of Richmond, National Association, Richmond,
Virginia, proposed merger with Dominion Bank of Fredericks
burg, National Association, Fredericksburg, Virginia;
report transmitted to the Comptroller of the Currency on
competitive factors. ]_/
TJ
—
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 49
- 2 ACTIONS OF THE BOARD - Continued
Richmond
First National Bank of Spencer, Spencer, West Virgnia,
proposed merger with West Central National Bank,
Spencer, West Virginia, an organizing bank; report
transmitted to the Comptroller of the Currency on
competitive factors, y
Atlanta
Third National Bank in Nashville, Nashville, Tennessee,
proposed merger with First National Bank of Rutherford
County, Smyrna, Tennessee; report transmited to the
Comptroller of the Currency on competitive factors. V
Atlanta
NCNB National Bank of Florida, Tampa, Florida, proposed
merger with NCNB National Bank of Florida, Jacksonville,
Florida; report transmitted to the Comptroller of the
Currency on competitive factors, y
Atlanta
First National Bank of Jackson, Jackson, Mississippi, proposal
to purchase the assets and assume the liabilities of
Brookhaven Bank and Trust Company, Brookhaven, Mississippi;
report transmitted to the Comptroller of the Currency on
competitive factors, y
Atlanta
Tower Bank Corp., Hialeah Gardens, Florida, extension of
time until February 27, 1985, within which to become a
bank holding company through the acquisition of Tower
Bank, N.A., Hialeah Gardens, Florida, y
Chicago
First Colonial Bankshares Corporation, Chicago, Illinois,
extension of time to December 31, 1984, within which to
acquire Northwest American Bankshares Corporation, Chicago,
Illinois, which owns All American Bank of Chicago, Chicago,
Illinois, and Northwest Commerce Bank, Rosemont, Illinois. J_/
Chicago
Comerica Incorporated, Detroit, Michigan, extension of time
until February 23, 1985, within which to acquire Pontiac
State Bank, Pontiac, Michigan, y
Chicago
Wenona State Bank, Wenona, Illinois, for prior approval to
merge with WSB Bank, Wenona, Illinois, under the charter
of WSB Bank and title of Wenona State Bank; report
transmitted to the Federal Deposit Insurance Corporation
on competitive factors, y
Chicago
First Washington Bancorp, Inc., Naperville, Illinois,
extension of time to February 1, 1985, within which to
become a bank holding company through the acquisition of
Washington Bank and Trust Company of Naperville, Naperville,
Illinois. 1/
1/
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 49
- 3 ACTIONS OF THE BOARD - Continued
St. Louis
County Bancorporation, Inc., Jackson, Missouri, extension
of time until December 27, 1984, within which to become
a bank holding company through the acquisition of the
successor by merger to Cape County Bank, Jackson,
Missouri. y
St. Louis
First National Bank of Russellville, Russellville, Arkansas,
proposal to merge with Interim First National Bank of
Russellville, Russellville, Arkansas; report transmitted
to the Comptroller of the Currency on competitive factors, y
St. Louis
KBT Corporation, Madisonvil1e, Kentucky, extension of time
until January 4, 1985, within which to become a bank holding
company through the acquisition of 100 percent of the voting
shares of the Kentucky Bank & Trust Company, Madisonville,
Kentucky, y
Dallas
Atlanta Bancorp, Inc., Atlanta, Texas, extension of time
to January 1, 1985, within which to acquire the Atlanta
National Bank, Atlanta, Texas, y
Dali as
Moran National Bancshares, Inc., Moran, Texas, extension
of time to December 29, 1984, within which to acquire The
Moran National Bank, Moran, Texas, y
Dal las
Citizens National Bank, Crockett, Texas, proposed merger
with New Citizens National Bank, Crockett, Texas; report
transmitted to the Comptroller of the Currency on
competitive factors, y
Dal las
New Citizens State Bank of Corpus Christi, Corpus Christi,
Texas, proposed merger with Citizens State Bank of Corpus
Christi, Corpus Christi, Texas; report transmitted to the
Federal Deposit Insurance Corporation on competitive
factors, y
Dal las
Texas Commerce Bancshares, Inc., Houston, Texas, extension
of time to March 30, 1985, within which to acquire
TexasCommerce Bank-River Oaks, N.A., Houston, Texas, a
de novo bank. 1/
Dal las
Van Alstyne Financial Corporation, Van Alstyne, Texas,
extension of time until January 15, 1985, in which to
acquire First National Bank of Van Alstyne, Van Alsyne,
Texas. 1/
y
Application processed on behalf of the Board of Governors under
delegated authority.
- 4 -
H.2, 1984 No. 49
ACTIONS OF THE BOARD - Continued
To Merge Pursuant to Section 18(c)
of the Federal Deposit Insurance Act
Approved
Central Fidelity Bank, Richmond, Virginia, to merge with
Central Fidelity Bank, Christiansburg, Christiansburg,
Vi rginia. J /
Richmond
* ★★★★
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Approved
The Bank of Brunswick, Lawrenceville, Virginia, to establish
a branch at 622 East Atlantic Street, South Hill, Virginia. J/
Richmond
Atlanta
First Georgia Bank, Atlanta, Georgia, to establish a branch
at 5120 Old National Highway, College Park, Georgia. V
Atlanta
American Bank of Polk County, Lake Wales, Florida, to
establish a branch at 90 Deland Avenue, Indian Lake
Estates, Florida. 1/
★★★★★
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Kansas City
Not Disapproved
Crescent Bancshares, Inc., Crescent, Oklahoma. V
San Francisco
California City Bancorp, Orange, California. V
Dal las
Kelly Field Bancshares Corporation, San Antonio, Texas. 1/
★
V
*
*
*
*
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 49
- 5 ACTIONS OF THE BOARD - 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)
___________of the Bank Holding Company Act of 1956, as amended___________
New York
Chicago
Chicago
Cleveland
Denied
Citibank Overseas Investment Corporation, Wilmington,
Delaware, requests consent to engage through its
subsidiary Citigeneral Insurance Australia Limited in
underwriting certain property and casualty insurance in
Australia.
Approved
International Bank of Detroit, Detroit, Michigan, requests
consent to renew the corporate charter of the Edge
Act corporation known as International Bank of Detroit,
Detroit, Michigan. ]_/
Manufacturers-Detroit International Corporation, Detroit,
Michigan, requests consent to renew the corporate
charter of the Edge Act corporation known as Manufacturers
Detroit International Corporation, Detroit, Michigan.
Forty-Five Day Notification Period Waived
PNC International Bank, Pittsburgh, Pennsylvania: no
objection to make an additional investment in PNC
International Financial Services Limited, Sydney,
Australia.
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Kansas City
17
Withdrawn
Allen Bancshares, Inc., Olathe, Kansas, for approval to
acquire at least 81.25 percent of the voting shares of
Olathe State Bank, Olathe, Kansas.
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 49
- 6 ACTIONS OF THE BOARD - Continued
Cleveland
Approved
Ashland Bankshares, Inc., Ashland, Kentucky, for approval
to acquire at least 80 percent of the voting shares of
Bank of Ashland, Inc., Ashland, Kentucky. V
Atlanta
City National Corporation, Sylacauga, Alabama, for approval
to acquire at least 80 percent of the voting shares of
City National Bank, Sylacauga, Alabama. J_/
Atlanta
East Ridge Bancshares, Inc., East Ridge, Tennessee, for
approval to acquire 100 percent of the voting shares of
The Bank of East Ridge, East Ridge, Tennessee, a pro
posed new bank. 1_/
Atlanta
Liberty Financial Services, Inc., New Orleans, Louisiana,
for approval to acquire at least 80 percent of the voting
shares of Liberty Bank and Trust Company, New Orleans,
Louisiana. ]_/
Chicago
Albert City Bankshares, Inc., Albert City, Iowa, for approval
to acquire 100 percent of the voting shares of Albert
City Savings Bank, Albert City, Iowa. V
Chicago
Chillicothe State Bancorp, Inc., Chillicothe, Illinois,
for approval to acquire 81.46 percent of the voting shares
of Chillicothe State Bank, Chillicothe, Illinois. J_/
Chicago
Keekins Corporation, Downers Grove, Ilinois, for approval
to acuqire at least 81.4 percent of the voting shares of
Citizens National Bank of Downers Grove, Downers Grove,
Illinois. V
St. Louis
Cross County Bancshares, Inc., Wynne, Arkansas, for approval
to acquire 100 percent of the voting shares of Cross
County Bank, Wynne, Arkansas. J_/
Kansas City
Chase County Bankshares, Inc., Strong City, Kansas, for
approval to acquire 98.8 percent of the voting shares of
Chase County Bank, Strong City, Kansas. }J
Kansas City
Fed Gold, Inc., Hulbert, Oklahoma, for approval to acquire
100 percent of the voting shares of First State Bank,
Hulbert, Oklahoma.
T7
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 49
- 7 ACTIONS OF THE BOARD - Continued
Kansas City
Leasing Equipment Services, Inc., Kansas City,
Missouri, for approval to acquire at least 55.5
percent of the voting shares of University State
Bancshares, Inc., Lawrence, Kansas and indirectly
acquire 81.2 percent of the voting shares of
University State Bank, Lawrence, Kansas. _]_/
Kansas City
Mancos Bancorporation, Inc., Mancos, Colorado, for
approval to acquire 93.73 percent of the voting
shares of Mancos State Bank, Mancos, Colorado. 1_/
Dallas
Marshall Bancshares, Inc., Hempstead, Texas, for
approval to acquire 100 percent of the voting
shares of Guaranty Bond State Bank of Waller,
Waller, Texas. V
Dallas
Sulphur Springs Bancshares, Inc., Sulphur Springs,
Texas, for approval to acquire at least 80 percent
of the voting shares of The City National Bank
of Sulphur Springs, Sulphur Springs, Texas. 1_/
San
Francisco
Citizens Western Corporation, San Diego, California,
for approval to acquire 100 percent of the voting
shares of Citizens Western Bank, San Diego,
California. V
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Kansas City
Kansas City
Returned
Commercial Landmark Corporation, Muskogee, Oklahoma,
for approval to acquire at least 42 percent of the
voting shares of Town & Country Bank, Bixby,
Oklahoma.
]_/
Founders Bancorporation, Inc., Oklahoma City,
Oklahoma, for approval to acquire 100 percent
of the voting shares of Commerce Bancshares, Inc.,
The Village, Oklahoma and indirectly acquire
Commerce Bank, The Village, Oklahoma.
1_/ Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 49
-
8
-
ACTIONS OF THE BOARD - Continued
Dal las
First Bancorporation of Cleveland, Cleveland,
Texas, for approval to acquire 100 percent
of the voting shares of First Bank of Conroe,
Conroe, Texas, a proposed new bank.
Dal las
Greater Texas Bancshares, Inc., Georgetown,
Texas, for approval to acquire 100 percent
of the voting shares of National Bank of Oak
Hill, Austin, Texas, a proposed new bank.
Atlanta
Approved
Independent Community Banks, Inc., Winter Park,
Florida, for approval to acquire 100 percent
of the voting shares of First National Bank,
Seminole County, Longwood, Florida, a proposed
new bank. J
1
Atlanta
Whitney Holding Corporation, New Orleans, Louisiana,
for approval to acquire
percent of the voting
shares of NBC Bancshares, Inc., Jefferson, Louisiana,
and indirectly The National Bank of Commerce in
Jefferson Parish, Jefferson, Louisiana.
Chicago
The Heritage Group, Inc., Woodridge, Illinois, for
approval to acquire at least 90.9 percent of the
voting shares of Bank of Lemont, Lemont, Illinois. J /
Dal las
East-Tex Bancorp, Inc., Trinity, Texas, for approval
to acquire at least 30 percent of the voting shares
or assets of First National Bank of Highlands,
Highlands, Texas, a proposed new bank. ] J
100
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956_____
New York
]_/
Withdrawn
Republic New York Corporation, New York, New York; Saban,
S.A., Panama City, Republic of Panama; Republic Holdings,
S.A., City of Luxembourg, Grand Duchy of Luxembourg;
Trade Development Finance (Netherlands Antilles), N.V.,
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 49
- 9 ACTIONS OF THE BOARD - Continued
The Netherlands Antilles; Trade Development Holland
Holding B.V., Amsterdam, and The Netherlands, notification
of intent to engage in de novo activities (to perform
trust services, including estate administration;
testamentary trust administration; inter vivos trust
administration; investment advisory and management
services; custodianship; guardianship [property];
escrow and life insurance trust administration) through
their subsidiary, Republic New York Trust Company of
Florida, N.A., Miami, Florida (12/6/84) 3J
Chicago
Returned
Manufacturers National Corporation, Detroit, Michigan,
for approval to acquire Manufacturers Bank-Del aware,
Wilmington, Delaware ("Company") , a de novo consumer
credit bank and to acquire indirectly its wholly-owned
de novo subsidiary, Manufacturers Service Corporation,
Detroit, Michigan which will provide service functions
for the Company.
Chicago
Irwin Union Corporation, Columbus, Indiana, notification
of intent to engage in de novo activities (acting as
investment or financial advisor in providing portfolio
investment advice, general economic information, industry
studies and financial advice to clients) through its
subsidiary, Irwin Union Associates, Columbus, Indiana
(11/16/84) 3/
Chicago
Marine Corporation, Springfield, Illinois, notification of
intent to engage in de novo activities (in mortgage lending
activities) (12/4/84T 3J
San Franci sco
Area Financial Corporation, Redwood City, California,
notification of intent to engage in de novo activities
(in mortgage lending and mortgage brokering, consisting
of making and servicing loans for its own account and
for the account of others; authority for such activities
by a bank holding company is provided by 12 C.F.R. Section
225.25(b)(1)) at 900 Veteran Boulevard, Redwood City,
California, through its subsidiary, Bay Area Mortgage
Investments (12/5/84) 3/
3/
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority
H.2, 1984 No. 49
10
-
ACTIONS OF THE BOARD - Continued
Kansas City
Atlanta
Boston
Approved
Leasing Equipment Services, Inc., Kansas City,
Missouri, for approval to continue to engage in
leasing personal and real property and making
and servicing loans.
Delayed
Farmers Bancshares, Inc., Malone, Florida, notification
of intent to engage in de novo activities (selling auto,
homeowners/renters, life and health/medical insurance)
through its subsidiary, Farmers Insurance Agency, Inc.,
Malone, Florida (12/5/84) 3/
Permitted
Home National Corporation, Milford, Massachusetts, notification
of intent to engage in de novo activities (processing of
loan applications for approval by the mortgagee; preparation
of documents relating to the mortgage loan including the
mortgage, note, disclosure statements, and RESPA statements;
billing and collection of payments; disbursement of escrows
for taxes and insurance; collection of delinquent
accounts; and preparation of periodic reports to the
mortgagee) at 221 Main Street, P.0. Box 1, Milford,
Massachusetts, through its subsidiary, H.N.B. Service
Corporation (12/6/84) 3/
Phil adelphi a
Fidelcor, Inc., Rosemont, Pennsylvania, notification of
intent to engage in de novo activities (to service loans
or other extensions of credit for its accounts and the
accounts of others pursuant to 12 C.F.R. §225.25 (b)(1))
at 121 South Broad Street, 13th Floor, Philadelphia,
Pennsylvania, the geographic area to be served is the
United States of America, through its subsidiary, Latimer
and Buck, Inc. (12/7/84) 3/
Richmond
First Bankshares, Inc., Barboursville, West Virginia,
notification of intent to engage in de novo activities
(acting as agent for the sale of credit life insurance
sold in connection with extensions of credit by its
bank subsidiary, The First State Bank) in Barboursville,
West Virginia (12/7/84) 3/
Atlanta
Mansura Bancshares, Inc., Mansura, Louisiana, notification
of intent to engage in de novo activities (in general
insurance activities) in Mansura, Louisiana, through
its subsidiary, Mansura Insurance Agency (12/3/84) 3/
3 / 4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1984 No. 49
-
11
-
ACTIONS OF THE BOARD - Continued
Chicago
American Fletcher Corporation, Indianapolis, Indiana,
notification of intent to engage in de novo activities
(in making mortgage loans on 1-4 famTTy residences for
sale to other investors) in Lexington, Kentucky, serving
Fayette, Bourbon, Jessamine, Woodford, Madison, Scott
and Clard Counties, Kentucky, through its subsidiary,
American Fletcher Mortgage Company. Inc. (12/7/84) 3/
Kansas City
Fourth National Corporation, Tulsa, Oklahoma, notification
of intent to engage in de novo activities (advising
clients as to the value of securities or as to the
advisability of investing in, purchasing, or selling
securities; offering a variety of advisory services to
employee benefit plans and their fiduciaries and to
individuals with investment needs; such advisory services
will generally include advice as to the types of funding
media available to provide benefits, general recommendations
as to what portion of plan assets should be invested in
various investment media, including securities, and, in
some cases, recommendations regarding investments in
specific securities or other investments; offering invest
ment management or investment advisory services in the
area of stocks, bonds, options, and cash equivalents)
the market geographically will be the greater Tulsa area,
growing into all of Oklahoma, and eventually a regional,
surrounding states marketing program, through its subsidiary,
Summit Money Managers (12/6/84) 3/
Dal las
MCORP, Dallas, Texas, notification of intent to engage in
de novo activities (to perform functions or activities
that may be performed by a trust company [including
activities of a fiduciary, agency, or custodial nature],
in the manner authorized by federal or state law including
making loans and investments and taking deposits within
the limits prescribed in Section 225.25(b)(3) of Reg. Y)
through its subsidiary, MTRUST Corp., Dallas, Texas
(12/7/84) 3/
Dal las
Swiss Avenue Bankshares, Inc., Dallas, Texas, notification
of intent to engage in de novo activities (making and
servicing loans and other extensions of credit for its
own account or for the account of others to include
origination, purchase, or sale of industrial revenue bonds
and other loans such as would be made by a mortgage or
commercial finance company pursuant to Section 225.25(b)(1)
of Regulation Y) (12/6/84) 3/
3/
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1984 No. 49
-
12
-
ACTIONS OF THE BOARD-Continued
San Francisco
Atlanta
SDNB Financial Corp., San Diego, California, notification of
intent to engage in de novo activities (in mortgage banking
activities, including negotiating, making, acquiring,
servicing, selling, buying and/or exchanging for its own
account or for the account of others, promissory notes
secured directly or collaterally by liens on real property
or such extensions of credit as would be made by or
arranged by a mortgage company) in San Diego, California,
through its subsidiary, SDNB Mortgage Bankers (12/5/84) ZJ
Redemption of Shares
NBWC Corporation, Monroe, Georgia. 1/
Chicago
Harbor Springs Financial Corporation, Harbor Springs,
Michigan. V
Kansas City
First National Insurance Agency, Inc., Exeter, Nebraska.
1/
y
y
Application processed on behalf of the Board of Governors under
delegated authority
4(c)(8) notification processed by Reserve Bankon behalf of the
Board of Governors under delegated authority.
H.2, 1984 No. 49
- 13 APPLICATIONS RECEIVED
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Richmond
South Boston Bank & Trust Company, South Boston,
Virginia. 2/
* * * * *
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Richmond
Union Trust Company of Maryland, Baltimore, Maryland.
To establish a branch at 800 Southerly Drive, Towson,
Maryland. 2/
Richmond
Bank of Virginia, Richmond, Virginia. To establish
a branch on the southwest corner of Old Greenbrier
Road and Military Highway (U.S. Route 13), Chesapeake,
Vi rginia. 2/
Chicago
American State Bank of Bloomington, Illinois. To estab
lish an automatic teller machine at 1615 E. Empire
Street, Bloomington, Illinois.^/
St. Louis
Indiana Southern Bank, Sellersburg, Indiana. To estab
lish a branch at 405 E. Court Avenue, Jeffersonville,
Indiana. 2/
* * * * *
Applications and Notification 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)
___________ of the Bank Holding Company Act of 1956, as amended_________
New York
27
Citibank Overseas Investment Corporation, Wilmington,
Delaware: prior notification of its intent to acquire
all the shares of Corporacion Financiera Atlas, S.A.,
Santiago, Chile.
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.
- 14 -
H.2, 1984 No. 49
APPLICATIONS RECEIVED - Continued
New York
Elders IXL Limited and Elders Finance & Investment
Company, Ltd., Australia: requests consent to
establish an Edge Act corporation in New York,
New York. Applicants also request approval for
Edge to (1) trade in gold and silver coin and
bullion on a spot, forward and futures basis
both for its own account, the account of its
foreign affiliates ( ) trade on foreign exchange
futures markets for its own account and for the
account of its affiliates; (3) engage in futures,
forward and standby contracts on financial instruments
permissible to an Edge corporation (4) requests that
the proceeds of a subordinated capital note to be
issued by the Edge corporation be considered as
capital for purposes of determining capital adequacy.
2
New York
Morgan Guaranty International Finance Corporation,
New York, New York: requests consent to continue
to hold shares of Bank of the Philippine Islands,
Manila, the Philippines after Bank establishes a
branch in New York.
San
Franci sco
Seattle-First International Corporation, Seattle,
Washington: requests consent for retroactive
approval for amendments to the Corporation's
Articles of Association to reflect the following:
(1) withdrawal of paid-in capital of the Corporation
( ) increase the number of authorized shares from
500,000 to 1,000,000 and reduce the par value of
each share and (3) requests consent to accept from
the Bank a stock subscription price to be payable
on call from the Board of Director of the Corpora
tion.
2
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Philadelphia
Grange National Banc. Corp., Laceyville, Pennsyvlania,
for approval to acquire
percent of the voting
shares of The Grange National Bank of Wyoming County,
Laceyville, Pennsylvania.
100
H.2, 1984 No. 49
- 15 APPLICATIONS RECEIVED - Continued
Ri chmond
Columbia Bancorp, Inc., Charleston, South Carolina,
for approval to acquire at least 80 percent of the
voting shares of Republic Bancorp of South Carolina,
Inc., Columbia, South Carolina and indirectly acquire
Republic National Bank, Columbia, South Carolina.
Atlanta
First State Holding Corp., Sulligent, Alabama, for
approval to acquire at least 80 percent of the voting
shares of First State Bank of Lamar County, Sulligent,
Alabama.
Atlanta
The Peoples BancTrust Co., Inc., Selma, Alabama, for
approval to acquire
percent of the voting shares
of Peoples Bank & Trust Company, Selma, Alabama.
Chicago
Athens Bancorp, Inc., Athens, Wisconsin, for approval
to acquire at least 81.57 percent of the voting
shares of The Bank of Athens, Athens, Wisconsin.
Chicago
Lafayette Bancorporation, Lafayette, Indiana, for ap
proval to acquire
percent of the voting shares
of The Lafayette Bank and Trust Company, Lafayette,
Indiana.
Chicago
Minooka Bancorp, Inc., Minooka, Illinois, for approval
to acquire at least 83.98 percent of the voting
shares of Tri-County Bank of Minooka, Minooka,
inoi s.
100
100
111
Chicago
Rochester State Bankshares, Inc., Rochester, Illinois,
for approval to acquire
percent of the voting
shares of Rochester State Bank, Rochester, Illinois.
St. Louis
Farmers Deposit Bancorp, Eminence, Kentucky, for ap
proval to acquire
percent of the voting shares
of Farmers Deposit Bank, Eminence, Kentucky.
St. Louis
Oran Bancshares, Inc., Oran, Missouri, for approval to
acquire at least 80.56 percent of the voting shares
of Oran State Bank, Oran, Missouri.
Minneapolis
Rushford State Bancorp, Inc., Rushford, Minnesota, for
approval to acquire
percent of the voting shares
of Rushford State Bank, Rushford, Minnesota.
Kansas City
Parker Bankshares, Incorporated, Parker, Colorado, for
approval to acquire
percent of the voting shares
of First National Bank of Parker, Parker, Colorado.
100
100
100
100
H.2, 1984 No. 49
- 16 APPLICATIONS RECEIVED - Continued
Dal las
First Tule Bancorp, Inc., Tulia, Texas, for approval
to acquire at least 80 percent of the voting shares
of The First National Bank of Tulia, Tulia, Texas.
Dallas
Nixon Financial Corporation, Nixon, Texas, for ap
proval to acquire
percent of the voting shares
of Nixon Bancshares, Inc., Nixon, Texas and in
directly acquire Nixon State Bank, Nixon, Texas.
Dallas
Red River Bancorp, Inc., Gainesville, Texas, for ap
proval to acquire at least 80 percent of the voting
shares of The First State Bank, Gainesville, Texas.
100
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Cleveland
Commonwealth Trust Bancorp, Inc., Covington, Kentucky,
for approval to acquire at least 52.53 percent of
the voting shares of The Farmers Bank, Butler,
Kentucky.
Cleveland
Ohio Bancorp, Youngstown, Ohio, for approval to acquire
100 percent of the voting shares of The Miners and
Mechanics Savings and Trust Company, Steubensville,
Ohio.
Atlanta
Allied Bankshares, Inc., Thomson, Georgia, for approval
to acquire 11.26 percent of the voting shares of Bank
of Greensboro, Greensboro, Georgia.
Atlanta
CBS Bancshares, Inc., Spencer, Tennessee, for approval
to acquire 16.50 percent of the voting shares of
Citizens Bank, Gainesboro, Tennessee.
Chicago
Valley Bancorporation, Appleton, Wisconsin, for approval
to acquire 100 percent of the voting shares of Bancwis
Corporation, Janesville, Wisconsin and indirectly acquire
Bank of Wisconsin, Janesville, Wisconsin and Merchants
Bank of Evansville, Evansville, Wisconsin.
Chicago
Westbanco, Inc., Westville, Illinois, for approval to
acquire at least 45 percent of the voting shares of
Minooka Bancorp, Inc., Minooka, Illinois and in
directly acquire Tri-County Bank of Minooka, Minooka,
Illinois.
H.2, 1984 No. 49
- 17 APPLICATIONS RECEIVED - Continued
St. Louis
County Bancorporation, Inc., Jackson, Missouri,
for approval to acquire
percent of the
voting shares of Cape County Bank of Cape
Girardeau, Cape Girardeau, Missouri.
100
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956_____
Boston
Fleet Financial Group, Inc., Providence, Rhode Island,
notification of intent to engage in de novo activities
(in providing data processing services) through a
subsidiary to be established throughout the United
States (12/4/84)
New York
Compagnie Financiere de Suez, Paris, France, notifica
tion of intent to engage in de novo activities ((a)
acting as an advisory company for mortgage and real
estate investment trusts, (b) serving as an investment
advisor, as defined in Section 2(a)( ) of the Invest
ment Company Act of 1940, to investment companies
registered under such Act, (c) providing portfolio
investment advice to other persons, (d) furnishing
general economic information and advice, general
economic and statistical forecasting services and
industry studies, (e) providing financial advice to
state and local governments such as with respect to
the issuance of their securities, and (f) conducting
such incidental activities as are necessary to carry
out the activities specified in clauses (a) through
(e) above) at 1209 Orange Street, Wilmington, Delaware
and 3000 Sand Hill Road, Menlo Park, California,
through its subsidiary, Indosuez Investment Services
(12/3/84)
20
New York
2/
First National State Bancorporation, Newark, New
Jersey, for approval to expand the activities of
its subsidiary, First Fidelity Trust, National Asso
ciation, Florida, Boca Raton, Florida (formerly known
as Fidelity Union Trust Company/First National State),
to include certain deposit-taking and consumer lending
activities.
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, 1984 No. 49
- 18 APPLICATIONS RECEIVED - Continued
New York
Irving Bank Corporation, New York, New York, for ap
proval to engage through two de novo subsidiaries,
Irving Trust Pennsylvania, National Association,
Philadelphia, Pennsylvania and Irving Trust Cali
fornia, National Association, Los Angeles,
California, in making loans and other extensions
of credit and accepting deposits other than demand
deposits.
New York
J.P. Morgan & Co. Incorporated, New York, New York,
for approval to retain shares of Morgan Futures
Corporation ("MFC") after MFC engages in the
execution and clearance of stock index futures
contracts and options theron for nonaffi iated
persons on the major commodity exchanges.
1
New York
Manufacturers Hanover Corporation, New York, New York,
for approval to acquire Manufacturers Hanover Corpora
tion (New York), New York, New York, thereby engaging
in commercial finance & factoring.
New York
Marine Midland Banks, Inc., Buffalo, New York; Marine
Midland National Corporation, Buffalo, New York; The
Hongkong and Shanghai Banking Corporation, Hong Kong;
Kellett N.V., Curacao, Netherlands Antilles; and
HSBC Holdings, B.V., Amsterdam, The Netherlands, for
approval to acquire through a newly-formed subsid
iary of Marine Midland National Corporation, loans
and other assets attributable to the commercial
finance operations of UnibancTrust Company, Chicago,
Illinois and thereafter to engage through the new
subsidiary in commercial finance lending activities.
Cleveland
AT Financial Corporation, Cleveland, Ohio, notifica
tion of intent to engage in de novo activities (in
making, acquiring or servicing of loans or other
extensions of credit) in One Tampa City Center,
Tampa, Florida (12/6/84)
Atlanta
Central Bancshares of the South, Inc., Birmingham,
Alabama, for approval to engage de novo in consumer
lending and deposit-taking activities through Central
Bank of the South-Maryland, N.A., Kensington,
Maryland.
Atlanta
First Alabama Bancshares, Inc., Montgomery, Alabama,
for approval to acquire Real Estate Financing, Inc.
H.2, 1984 No. 49
- 19 APPLICATIONS RECEIVED - Continued
Chicago
Comerica Incorporated, Detroit, Michigan, notifica
tion of intent to engage in de novo activities (in
the business of purchasing retail installment con
tracts covering the sale of automobiles and in the
business of retail leasing of automobiles) through
its subsidiary, Comerica Acceptance Corporation,
Detroit, Michigan (12/6/84)
Chicago
First State Bancorp of Monticello, Monticello, Illinois,
for approval to acquire Eskridge Agency, Inc., Hammond,
Illinois, thereby acting as general insurance agent
in a community that has a population not exceeding
5,000.
Chicago
Four Seasons of Wis., Inc., Manawa, Wisconsin, notifica
tion of intent to engage in de novo activities (in
leasing personal or real property or acting as agent,
broker or adviser in leasing such property) this
activity will be performed in the County of Waupaca,
Wisconsin (11/30/84)
Chicago
NBD Bancorp, Inc., Detroit, Michigan, notification of
intent to expand the geographic area to include the
following activities (in leasing personal property
or acting as agent, broker or adviser in leasing such
property) serving the entire United States, through
its subsidiary, Corporate Fundings, Inc., Detroit,
Michigan (12/3/84)
Chicago
Steuben Financial Corp., Auburn, Indiana, notification
of intent to engage in de novo activities (acting as
insurance agent or broker with respect to insurance
that is directly related to an extension of credit
by a bank or a bank-related firm; the issuance and
sale at retail of money orders, the sale of U.S.
Savings Bonds, and the issuance and sale of
traveler's checks) (11/30/84)
Chicago
Whitley Financial Corp., Marion, Indiana, notification
of intent to engage in de novo activities ( acting as
insurance agent or broker with respect to insurance
that is directly related to an extension of credit by
a bank or a bank- related firm; the issuance and sale
at retail of money orders, the sale of U.S. Savings
Bonds, and the issuance and sale of traveler's checks)
(11/30/84)
H.2, 1984 No. 49
-
20
-
APPLICATIONS RECEIVED - Continued
St. Louis
Delta Bancshares, Inc., Eudora, Arkansas, notifica
tion of intent to engage in de novo activities
(will sell, as agent, numerous lines of insurance
from an office in Eudora, the sale of insurance
in towns with populations less than 5,000 is
authorized by Regulation Y, Section 225.25(b)(8)(ii))
in the Eudora Bank's office building, 111 N. Main
Street, Eudora, Arkansas, the geographic area to
be served would be Eudora, Arkansas and its
surrounding communities, through its subsidiary,
Eudora Insurance Agency, Inc. (12/3/84)
Minneapoli s
First Bank System, Inc., Minneapolis, Minnesota, noti
fication of intent to engage in de novo activities
(in making a debt investment in the Worthington
Student Housing Project, Worthington, Minnesota,
designed primarily to promote community welfare
through the development of low-income housing) this
activity would be performed in the State of
Minnesota, thkrough its subsidiary, First Bank
System Community Development Corporation (11/28/84)
Kansas City
Worland Holding Company, Worland, Wyoming, for approval
to acquire Worland Securities Corporation, Worland,
Wyoming, thereby engaging in the sale of credit-related
insurance and making & servicing loans and other exten
sions of credit.
* * * * *
Application to the Board of Governors of the Federal
Reserve System for Prior Approval of an Acquisition
Pursuant to Section 5(b) of the Bank Service Corporation
Act, as amended
Minneapolis
Norwest Bank Minneapolis, N.A., Minneapolis, Minnesota,
to invest in Norwest Investment Services, Inc.,
Minneapolis, Minnesota, a proposed bank service
corporation.
* * * * *
H.2, 1984 No
-
21
APPLICATIONS RECEIVED - Continued
REPORTS RECEIVED
None.
*
* *
*
*
PETITIONS FOR RULEMAKING
None.
@FedFRASER