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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1989, No- 49 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending December 9, 1989 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Appleton City Bancshares, Inc., Appleton City, Missouri — to acquire Citizens Bank of Appleton City. Approved, December 6, 1989. Bergen Bank A/S, Oslo, Norway, and Union Bank of Finland, Helsinki, Finland — request for temporary exemptions to engage indirectly in permissible activities in the United States. Granted, December 6, 1989. Central Bank, Hollidaysburg, Pennsylvania — to purchase certain assets and assume certain liabilities of two branches located in State College, Pennsylvania, of Landmark Savings Association, Pittsburgh, Pennsylvania, and to establish branches at these locations. Approved, December 6, 1989. Fifth Third Bank, Cincinnati, Ohio — to invest in and engage in certain business transactions with the GE Partnership, Fairfield, Connecticut. Approved, December 4, 1989. Mitsui Bank, Limited, Tokyo, Japan — to invest in and engage in certain business transactions with the Carlyle Fund, Washington, D.C. Approved, December 4, 1989. BANK PREMISES Central Bank, Hollidaysburg, Pennsylvania — investment in bank p r e m i s e s . Approved, December 6, 1989. CHANGE IN BANK CONTROL Harrison County Bancshares, Inc., Bethany, Missouri — change in bank c o n t r o l . Permitted, December 6, 1989. CURRENCY Federal Reserve notes — currency production budget for 1990; and an additional amount for 1989. Approved, December 6, 1989. H .2 DECEMBER 3, 1989 PAGE 2 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Foreign government treatment of U.S. companies operating in government debt markets abroad — determination under the Primary Dealers Act of 1988 pertaining to Switzerland. Approved, December 6, 1989. Regulation C — amendments to implement recent statutory changes to the Home Mortgage Disclosure Act concerning expanded coverage and disclosure of additional data on residential lending (Docket R - 0 6 7 4 ). Approved, December 6, 1989. Regulation C — to terminate exemptions from the Home Mortgage Disclosure Act for certain financial institutions in Connecticut, Massachusetts, and New Jersey (Docket R-0681). Proposed, December 6, 1989. Regulation CC — shortening the time requirements for giving notice of nonpayment; other technical and clarifying modifications to the regulation and its official commentary; modifications to the Federal Reserve notice of nonpayment service; and preemption determination regarding the California funds availability law (Docket R-0644, 0679, and 0680). Proposed, December 6, 1989. Regulation D — amendment to index the low reserve tranche, reserve requirement exemption, and deposits reporting cutoff level for 1990 (Docket R - 0 6 7 8 ). Approved, December 6, 1989. RESERVE BANK OPERATIONS Budgets for 1990. Approved, December 6, 1989. H.2 DECEMBER 3, PAGE 3 1989 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Richmond Blakeley Bank and Trust Company, Ranson, West Virginia — to establish a branch at the Hilldale Shopping Center, South Augustine Avenue, Charles Town, West Virginia. Approved, December 5, 1989. Atlanta Colonial Bank, Montgomery, Alabama — to establish a branch at 1105 Beltline Road, S.E., Decatur, Alabama. Approved, December 4, 1989. Philadelphia Meridian Bank, Reading, Pennsylvania — to establish an offsite electronic banking facility (1) at the Fairgrounds Square Mall, 3050 North Fifth Street, Reading; (2) Temple University Student Activity Center, 13th and Montgomery Streets, Philadelphia; and (3) at the Towamencin Village Square Shopping Center, Allentown Road and Forty Foot Road, Towamencin Township, Pennsylvania. Approved, December 5, 1989. Cleveland Somerset Trust Company, Somerset, Pennsylvania — to establish a customer bank communication terminal at Hidden Valley Resort, Jefferson Township, Pennsylvania. Approved, December 5, 1989. BANK HOLDING COMPANIES GC Ameribanc, Inc., St. Joseph, Missouri, and American National Bank — determination that Ameribanc and ANB do not control Citizens State Bank, Jewell, Kansas. Granted, December 4, 1989. San Francisco Bancomer, S.N.C., Mexico City, Mexico, Bancomer Holding Company (Antilles) N.A., Curacao, Netherlands Antilles, Bancomer Holding Company (Netherlands ) B.V., Rotterdam, Holland; and Bancomer Holding Company, Los Angeles, California — to acquire Executive National Bank, San Antonio, Texas. Returned, December 5, 1989. H.2 DECEMBER 3, 1989 PAGE 4 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco BSD Bancorp, Inc., San Diego, California — de novo in lending activities. Returned, December 5, 1989. to engage Atlanta DBT Holding Company, Vidalia, Georgia — Darby Bank and Trust Company. Approved, December 6, 1989. Dallas El Paso Financial Corporation, Wilmington, Delaware — to acquire El Paso State Bank, El Paso, Texas. Returned, December 8, 1989. Kansas City Estes Park Bank Restated Employee Stock Ownership Plan, Estes Park, Colorado — to acquire Estes Bank Corporation, and the Estes Park Bank. Approved, December 6, 1989. S t . Louis First Bank Corp., Fort Smith, Arkansas — First National Bank of Fort Smith. Approved, December 4, 1989. S t . Louis First Commercial Corporation, Little Rock, Arkansas — to engage de novo in consulting services to depository institutions through Baker and Hill, Incorporated. Permitted, December 4, 1989. Chicago First Sterling Bancorp, Inc., Sterling, Illinois — to acquire Rock Falls Bancshares, Inc., Rock Falls, Illinois, and Rock Falls National Bank. Approved, December 6, 1989. New York Fuji Bank, Limited, Tokyo, Japan — to acquire Kleinwort Benson Government Securities Inc., Chicago, Illinois, and engage in certain nonbanking activities. Approved, December 8, 1989. Cleveland Greater Ohio River Corporation, Columbus, Ohio — acquire Tonti Financial Corporation. Returned, December 7, 1989. to acquire to acquire to H.2 DECEMBER 3, 1989 PAGE 5 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES S t . Louis Hogue Holding Company, Inc., Weiner, Arkansas — acquire Bank of Weiner. Approved, December 5, 1989. to Secretary Huntington Bancshares Incorporated, Columbus, Ohio — to acquire Farragut Mortgage Co., Waltham, Massachusetts, and engage in lending activities. Approved, December 6, 1989. Dallas Jacksboro Bancshares of Delaware, Inc., Wilmington, Delaware — to acquire Jacksboro National Bank, Jacksboro, Texas. Approved, December 4, 1989. Philadelphia Keystone Financial, Inc., Harrisburg, Pennsylvania — to engage de novo in leasing activities through Keystone Financial Leasing Corporation. Permitted, December 8, 1989. Dallas M & F Financial Corp., Wilmington, Delaware — to acquire Texas Bank, Brownwood, Texas, and Texas Bank, Weatherford, Texas. Returned, December 6, 1989. S t . Louis Midland State Bancorp, Inc., Effingham, Illinois — to acquire the successor by merger to Effingham State Bank. Approved, December 8, 1989. Dallas Newco, Wilmington, Delaware — to acquire International Bank of Commerce, N.A., Brownsville, Texas; Commerce Bank, Laredo; International Bank of Commerce of Laredo; and International Bank of Commerce, N.A. Zapata, Texas. Returned, December 4, 1989. GC 0 & F Cattle Company, Oshkosh, Nebraska — control determination relating to the sale of a real estate firm and a partnership. Granted, December 6, 1989. H .2 DECEMBER 3, 1989 PAGE 6 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Peoples Bank, Pratt, Kansas — to form Peoples Center, Inc., Medicine Lodge, Kansas, a bank service corporation. Approved, December 6, 1989. Staff Director BS&R PNC Financial Corp., Pittsburgh, Pennsylvania — relief from commitment on management interlocks with bank affiliates with respect to BHC Securities, Inc., an indirect subsidiary of PNC. Granted, December 5, 1989. Dallas River Oaks Bancorporation, Inc., Wilmington, Delaware — to acquire the River Oaks Bank, Houston, Texas. Approved, December 7, 1989. Dallas River Oaks Bancorporation, Inc., Wilmington, Delaware — to acquire River Oaks Trust Company. Returned, December 7, 1989. Atlanta SouthTrust Corporation, Birmingham, Alabama — to retain Municipal Development Company, II, Limited, and engage de novo in community development activities. Permitted, December 8, 1989. San Francisco Valley Capital Corporation, Las Vegas, Nevada — engage de novo in lending activities through Pacific Century Finance Company. Permitted, December 3, 1989. to H.2 DECEMBER 3, 1989 PAGE 7 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Village Bankshares, Inc., Tampa, Florida — acquire The Village Bank of Florida. Approved, December 8, 1989. to BANK MERGERS S t . Louis Effingham State Bank, Effingham, Illinois — with Effingham Interim State Bank. Approved, December 8, 1989. Atlanta Rapides Bank & Trust in Alexandria, Alexandria, Louisiana — to merge with First Bank, Pineville, Pineville, Louisiana. Approved, December 8, 1989. to merge BANK PREMISES S t . Louis First Exchange Bank of Madison County, Fredericktown, Missouri — investment in bank premises. Approved, December 7, 1989. Cleveland Security Dollar Bank, Niles, Ohio — bank premises. Approved, December 6, 1989. Chicago Warren Bank, Warren, Michigan — premises. Approved, December 4, 1989. investment in investment in bank BANKS, STATE MEMBER S t . Louis United Missouri Bank Northeast, Monroe City, Missouri — payment of a dividend. Approved, December 6, 1989. CAPITAL STOCK Boston Andover Bancorp, Inc., Andover, Massachusetts — redemption of shares. Approved, December 6, 1989. Kansas City B Bank, Inc., Downs, Kansas, — Approved, December 8, 1989. redemption of shares. H.2 DECEMBER 3, 1989 PAGE 8 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK S t . Louis Commerce Financial Corporation, Alma, Arkansas — redemption of shares. Approved, December 4, 1989. Atlanta Genala Banc, Inc., Geneva, Alabama — shares. Approved, December 5, 1989. redemption of CHANGE IN BANK CONTROL Dallas Azle Bancorp, Azle, Texas — Returned, December 6, 1989. Atlanta First National Corporation of Picayune, Picayune, Mississippi — change in bank control. Permitted, December 5, 1989. Chicago First Sterling Bancorp, Inc., Sterling, Illinois — change in bank control. Permitted, December 6, 1989. Atlanta Genala Banc, Inc., Geneva, Alabama — control. Permitted, December 5, 1989. Minneapolis Litle Mountain Bancshares, Inc., Monticello, Minnesota — change in bank control. Permitted, December 4, 1989. Atlanta Mega Bank, Miami, Florida — change in bank control. Permitted, December 8, 1989. Dallas Wheeler County Bancshares, Inc., Shramrock, Texas — change in bank control. Permitted, December 6, 1989. change in bank control. change in bank COMPETITIVE FACTORS REPORTS Philadelphia Baltimore Trust Company, Selbyville, Delaware, proposed merger with Interim BTC Bank — report on competitive factors. Submitted, December 8, 1989. H .2 DECEMBER 3, 1989 PAGE 9 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Citizens Bank, Murphy, North Carolina, proposed merger with Citizens Interim Bank — report on competitive factors. Submitted, December 4, 1989. Philadelphia First Valley Bank, Bethlehem, Pennsylvania, proposed purchase of assets and assumption of liabilities of the Madeira Plaza and Berkshire Mall Branches of Germantown Savings Bank, Bala - Cynwyd, Pennsylvania — report on competitive factors. Submitted, December 4, 1989. Dallas New Tomball Bank, Tomball, Texas, proposed merger with Tomball National Bank — report on competitive factors. Submitted, December 6, 1989. Dallas Peoples National Bank, Lufkin, Texas, proposed merger with First Bank & Trust Diboll, Diboll, Texas — report on competitive factors.. Submitted, December 6, 1989. Dallas Sterling Bank, Houston, Texas, proposed merger with Great Western Bank, N.A. — report on competitive factors. Submitted, December 7, 1989. Atlanta Third National Bank in Knoxville, Knoxville, Tennessee, proposed merger with Third National Bank in Anderson County, Oak Ridge; Third National Bank in Hamblen County, Morristown; Third National Bank in Loudon County, Lenoir City; and Third National Bank in Sevier County, Sevierville, Tennessee — report on competitive factors. Submitted, December 4, 1989. Chicago Valley Bank Southwest, Hartland, Wisconsin, proposed merger with Valley Bank Richfield, Richfield, Wisconsin — report on competitive factors. Submitted, December 4, 1989. H .2 DECEMBER 3, 1989 PAGE 10 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Vinings Bank & Trust, N.A., Atlanta, Georgia, proposed merger with Vinings Interim Bank & Trust, N.A. -- report on competitive factors. Submitted, December 5, 1989. EXTENSIONS OF TIME New York Artemisia Holdings Inc., Stamford, Connecticut — extension to March 7, 1990, to acquire shares of Connecticut Bancorp, Norwalk, Connecticut. Granted, December 7, 1989. Richmond Bank of Northern Virginia, Arlington, Virginia — extension to June 23, 1990, to establish a branch at 2230 Wilson Boulevard. Approved, December 4, 1989. Minneapolis Central Savings Bank, Sault Ste. Marie, Michigan -extension to April 3, 1990, to acquire certain assets and assume certain deposits of the Pickford Branch of First of America Bank - Northern Michigan, Cheboygan, Michigan. Granted, December 7, 1989. Chicago Farmington Bancorp, Inc., Farmington, Illinois -extension to March 6, 1990, to acquire Bank of Farmington. Granted, December 7, 1989. Atlanta Golden Isles Financial Holdings, Inc., Brunswick, Georgia — extension to March 3, 1990, to acquire First Bank of Brunswick. Granted, December 8, 1989. Dallas Lubbock National Bancshares, Inc., Lubbock, Texas — to acquire Lubbock National Bank. Granted, December 5, 1989. Chicago Sheldon Security Bancorporation, Inc., Sheldon, Iowa — extension to March 14, 1990, to acquire Sheldon Security Financial Corporation, and Security State Bank. Granted, December 4, 1989. H .2 DECEMBER 3, 1989 PAGE 11 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY INTERNATIONAL OPERATIONS Philadelphia Meridian Bancorp, Inc.# Reading# Pennsylvania — to invest in Roderick Sutherland & Partners# PLC# Edinburgh# Scotland. Approved# December 6# 1989. St. Louis Effingham Interim State Bank# Effingham, Illinois — to become a member of the Federal Reserve System. Approved, December 8# 1989, MEMBERSHIP REGULATIONS AND POLICIES Director, C&CA Regulation B — update to the official staff commentary addressing revisions implementing the Equal Credit Opportunity Act amendments on business credit that were part of the Women1s Business Ownership Act of 1988#* and interpretations addressing data collection. Proposed# December 4# 1989. H. 2 ADDITIONS AND CORRECTIONS DECEMBER 3, 1989 PAGE 12 TO DECEMBER 8, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Atlanta First Elbert Corporation, Elberton, Georgia — in bank control. Permitted, December 1, 1989. change EXTENSIONS OF TIME New York Chase Manhattan Corporation, New York, New York — extension to November 21, 1990, to make an investment in Chase Trade, Inc. Granted, December 1, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Carrcnent Period Ending Date Olde Windsor Bancorp, Inc., Olde Windsor, Connecticut (Olde Windsor) - Change in Control notification filed by John A. Coccomo, Sr. to acquire an additional 10.1% of the voting shares of Olde Windsor Newspaper Not Yet Established Federal Register Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Application NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Comment Period Ending Date Application NONE *Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper _____________Notice Only__________ Solvay Bank, Solvay, New York to establish a branch at 109 South Warren Street, Syracuse, New York.l/ 1/1/90 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Central Capital Corporation and Central Guaranty Trustco Limited, both of Halifax, Nova Scotia, Canada to increase their interest in U.S. Trust Corporation, New York, New York to 19.99%. 12/26/89 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) The Long-Term Credit Bank of Japan, Limited, Tokyo, Japan, to engage through its subsidiary, Greenwich Capital Markets, Greenwich, Connecticut, in underwriting and dealing in certain types of ineligible securities, purchasing and selling precious metals and forward, options, futures and options on futures contracts for precious metals, providing futures commission merchant execution and clearance services, and purchasing and selling notional principal contracts. N/A First New York Business Bank Corp., New York, New York, to engage indirectly in data processing activities. Barclays FLC and Barclays Bank PIC, both of London, England, Bay Banks, Inc., Boston, Massachusetts, Chemical Banking Corporation, New York, New York, Manufacturers Hanover Corporation, New York, New York, National Westminster Bank PLC, London, England, NatWest Holdings Inc., New York, New York, Northeast Bancorp, Inc., New Haven, Connecticut, The Bank of New York Company, Inc., New York, New York, The Chase Manhattan Corporation, New York, New York, The Hongkong and Shanghai Banking Corporation, Hong Kong, B.C.C., Kellett NV, Curacao, Netherlands Antilles, N/A HSBC Holdings BV, Amsterdam, the Netherlands, and Marine Midland Banks, Inc., Buffalo, New York to acquire, indirectly through the New York Switch •Corporation, the assets of Key Services Corp. N/A The Toronto-Daninion Bank, Toronto, Canada to engage through Toronto Dominion Securities Corp. in financial and transaction advice to financial and nonfinancial institutions, private placements of all types of securities as agent, brokerage and investment advice for retail and institutional customers, arrangement of sales of loans and other extensions of credit originated by affiliated and unaffiliated lenders as agent, financial advice to Canadian Governmental entities, and underwriting and dealing, to a limited extent, in certain ineligible securities. 1/4/90 SECTION IV Applications Not Involving ________ Public Comment________ None. 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FEDERAL RESERVE BAN KO F PHILADELPHIA Week Ending 12/8/89 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank, Reading, PA to establish 1/ an off-premises electronic banking facility to be located at University City Thriftway, 43rd & Walnut Sts., Phila., PA 1/1/90 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date National Properties, Inc., Wayne, PA to 1/ own up to 10.13% of outstanding shares of BCB Financial Services Corp., Reading, PA pursuant to the Change in Bank Control Act. 12/20/89 *N/A Newspaper: Federal Register: CoreStates Financial Corp., to acquire First 1/ Pennsylvania Corporation and subsidiaries, Philadelphia, PA pursuant to Sections 3(a)(5) and 4(c)(8) of the Bank Holding Company Act. 12/29/89 *N/A Newspaper: Federal Register: Freedom Valiev Bank, West Chester, PA for 1/ 25 individuals to acquire 100% of Freedom Valley Bank, pursuant to the Change in Bank Control Act. 12/20/89 *N/A Newspaper Federal Register: SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. *N/A - not yet available. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Applications Bulletin F o r W e e k E n d i n g D e c e m b e r 9, 1 989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION R e c e i v e d S e c t i o n 3(a ) ( 3 ) a p p l i c a t i o n o n N o v e m b e r 30, 1 9 8 9 f r o m F i r s t C i t i z e n s B a n c C o r p . , S a n d u s k y , Ohio, t o a c q u i r e The Castalia B a nking Company, Castalia, Ohio. R e c e i v e d S e c t i o n 3(a ) ( 3 ) a p p l i c a t i o n o n D e c e m b e r 7, 1 9 8 9 f r o m F . N . B . C o r p o r a t i o n , Hermitage, Pennsylvania, to acquire 13.260 percent of Emclaire Financial Corporation, Emlenton, Pennsylvania, a holding company in f o r m a t i o n . COMMENT PERIOD ENDING * F - D e c e m b e r 29, 1 9 8 9 * Not Yet Known # S E C T I O N III ~ A P P L I C A T I O N S S U B J E C T TO F E D E R A L R E G I S T E R NOTICE ONLY R e c e i v e d S e c t i o n 4(c ) ( 8 ) a p p l i c a t i o n o n D e c e m b e r 21, 198 9 N o v e m b e r 21, 198 9 f r o m M i d Am, Inc., B o w l i n g G r e e n , O h i o , t o acquire The Citizens Loan and Building C o m p a n y , Lima, O h io. * # N F - Subject to CRA E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s f r o m t h e d a t e o f r e c e i p t Newspaper Comment Period Federal Register Comment Period Applications Bulletin F o r W e e k E n d i n g D e c e m b e r 9, 1989 SECTION III - A P P LICATIONS SUBJECT TO F E D E R A L R E G I S T E R N O T I C E O N L Y Cont. R e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n on D e c e m b e r 27, N o v e m b e r 27, 1 9 8 9 f r o m F i r s t B a n c o r p o r a t i o n o f Ohio, A k r o n , Ohio, o f i t s i n t e n t t o e n g a g e de n o v o in t r u s t a c t i v i t i e s t h r o u g h a subsidiary, Bancorp Trust Company, National Association, Naples, Florida. R e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n on D e c e m b e r 4, 1 9 8 9 f r o m C o l o n i a l B a n c C o r p . , E a t o n , O h i o , t o e n g a g e d e n o v o in t a x preparation services pursuant to Section 2 2 5 . 2 5 ( b ) (21) t h r o u g h its w h o l l y - o w n e d s u b s i d i a r y F i n a n c i a l S e r v i c e s , Inc. 1989 Not Yet Known # R e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n o n Not Yet Known # D e c e m b e r 7, 19 8 9 f r o m F N B S h a r e s , Inc., M c C o n n e l s v i l l e , Ohio, o f i t s i n t e n t t o e n g a g e d e n o v o in o p e r a t i n g a d a t a processing disaster recovery center pursuant t o S e c t i o n 2 2 5 . 2 5 ( b ) ( 7 ) o f R e g u l a t i o n Y. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE R e c e i v e d r e q u e s t o n D e c e m b e r 8, 1 9 8 9 f r o m Citizens Commercial Bank & Trust Company, C e l i n a , O h i o , f o r p e r m i s s i o n t o e x c e e d its l i m i t o f i n v e s t m e n t in b a n k p r e m i s e s p e r m i t t e d u n d e r S e c t i o n 2 4 A o f t h e F e d e r a l R e s e r v e Act. * # N F - Subject to CRA E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s f r o m t h e d a t e o f r e c e i p t Newspaper Comment Period Federal Register Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Central Fidelity Bank, Richmond, Virginia, request for permission to establish a branch at 1005 North Glebe Road, Suite 100, Arlington, Virginia.* 12-30-89 New Bank, Cockeysville, Maryland, the proposed successor by merger to Clifton Trust Bank, Cockeysville, Maryland, for membership in the Federal Reserve System.* 1-6-90 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date New Bank, Cockeysville, Maryland, for prior approval to merge with Clifton Trust Bank, Cockeysville, Maryland.* 1-6-90 First Virginia Banks, Inc., Falls Church, Virginia, for prior approval to acquire the successor by merger to Clifton Trust Bank, Cockeysville, Maryland.* 1-6-90 Section III - Applications Subject to Federal Register Notice Application Greenwood National Bancorporation, Greenwood, South Carolina, to engage de novo in acting as a mortgage broker engaged in the origination of single family residential first mortgage loans through its subsidiary, GNB Mortgage Company, Greenwood, South Carolina.** Comment Period Ending Date 12-29-89 *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date CB&T Financial Corp., Fairmont, West Virginia, to engage de novo in the business of effecting transactions in securities for the accounts of others and in connection therewith to engage in all activities and to take all actions which are lawful for a corporation organized under the laws of the State of West Virginia and are permissible under Section 225.25(b) (15) of Regulation Y, whether expressed or implied, permitted by statute, or otherwise including but not limited to performing all acts covered generally by the denominations broker, dealer, or broker-dealer, through its subsidiary, CB&T Investor Services Inc., Fairmont, West Virginia. Not Yet Available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None Week Ending December 8, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Metro Bank Atlanta, Georgia To merge with Metro Interim Bank, Atlanta, Georgia, pursuant to section 18(c) of the Federal Deposit Insurance Act. Metro Interim Bank Atlanta, Georgia To become a member of the Federal Reserve System, pursuant to section 9 of the Federal Reserve Act. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Conment Period Ending Date Bank M 12-26-89 Miami, Florida Newspaper Change in control by Armando Ramon Vicente, to acquire an additional 23.9 percent of the outstanding shares of cortmon stock that will increase his total percentage ownership to 24.6 percent. First Commercial Bancorporation 12-18-89 Boca Raton, Florida Newspaper After-the-fact change in control by Jordan E. Ginsburg to retain 1.72 percent and to acquire an additional 7.03 percent of the outstanding shares of common stock that will increase his total ownership to 24.90 percent. Main Street Banks Incorporated Covington, Georgia Change in control by Robert R. Fowler Estate Marital Trust (Robert R. Fowler III, Trustee), to acquire 31.5 percent of the outstanding shares of cortmon stock. Metro Financial Corporation Atlanta, Georgia 1-BHC formation, Metro Bank, Atlanta, Georgia. Merchants Capital Corporation 12-28-89 Vicksburg, Mississippi Federal Register Change in control by Howell N. Gage, Jr. to increase his total ownership from 9.35 percent to 10.04 percent as the result of a stock redemption. Week Ending December 8, 1989 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Merchants Capital Corporation 12-28-89 Vicksburg, Mississippi Federal Register Change in control by James E. Blackburn to increase his total ownership from 11.37 percent to 12.17 percent as the result of a stock redemption. Section III - Application Subject To Federal Register Notice Only Application First State Corporation Albany, Georgia To acquire Southeastern Mortgage Corporation, Albany, Georgia, and engage de novo in making, acquiring, and servicing loans, pursuant to section 225.25(b) (1) (iii) of Regulation Y. Synovus Financial Corp. Columbus, Georgia Synovus proposes to establish Synovus Data Corp., Columbus, Georgia, and engage de novo in data processing activities, pursuant to section 225.25(b)(7) of Regulation Y, and to indirectly retain 82 percent of Total System Services, Inc., Columbus, Georgia (TYSS), which engages in data processing activities. Additionally, Synovus proposes to allow TYSS to retain 100 percent of Columbus Depot Equipment Company, Columbus, Georgia, which engages in leasing activities, pursuant to section 225.25(b) (5) of Regulation Y. Federal Reserve Bank of Chicago Section I - Applications Subiect to Newspaper Notice Onlv Comment Period Endina Date Type Application Merger/ Branch Central State Bank Elkader, Iowa First State Savings Bank McGregor, Iowa 158 1st Street McGregor, Iowa* N - 12-15-89 Branch Central State Bank Elkader, Iowa Marquette, Iowa, Office of First State Savings Bank* N - 12-15-89 Membership First Illini Bank Galesburg, 111inois To become a member of the Federal Reserve System* N - 12-4-89 Merger/ Branch First Illini Bank Galesburg, Illinois Abingdon Bank and Trust Company Abingdon, Illinois 101 N. Main Street* N - 12-4-89 Merger/ Branch First Illini Bank Galesburg, 111inois Community Bank & Trust Company Canton, Illinois 245 N. Main Street* N - 12-4-89 Merger/ First Illini Bank Galesburg, 111inois Madison Park Bank Peoria, Illinois 3100 W. Harmen Highway* n - 12-4-89 Branch First Illini Bank Galesburg, Illinois 1304 W. Main Street Peoria, Illinois* n - 12-4-89 EFT Bankers Trust Company Des Moines, Iowa Dot Drug, 1400 22nd Street West Des Moines, Iowa* n - 12-31-89 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 Valley Bancorporation Appleton, Wisconsin First National Bank of Chippewa Falls Chippewa Falls, Wisconsin* FR - 11-23-89 N - 12-5-89 Y-2 Valley Bancorporation Appleton, Wisconsin Peoples State Bank Three Lakes, Wisconsin* FR - 11-23-89 N - 12-5-89 Y-l Royal Bancshares, I n c . Elroy, Wisconsin Bank of Elroy Elroy, Wisconsin* FR - 12-20-89 N - 12-9-89 Y-l Campbell Group, Ltd. Worth, Illinois Southwest Bancorp, Inc. Worth, Illinois Mount Greenwood Bank Chicago, Illinois The First National Bank of Danville Danville, Illinois Worth Bank and Trust Worth, Illinois Terrapin Bancorp, Inc. Elizabeth, Illinois The Elizabeth State Bank Elizabeth, Illinois Rock River Bancorporation Oregon, Illinois Rock River Bank Oregon, Illinois Scott County Bancorp, Inc. Winchester, Illinois First State Bank Winchester, Illinois Peotone Bancorp, Inc. Oregon, Illinois Rock River Bank Oregon, Illinois Peotone Bank and Trust Company Peotone, Illinois* FR - ** N - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Comment Period Ending Date Type Application Y-4 Dunlap Iowa Holding Co. Dunlap, Iowa Increase dollar volume— lending authority from $150,000 to $500,000 F R - 12-21-89 4(c)(8) Campbell Group, Ltd. Worth, Illinois To engage in management consulting advice F R - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Continental Mortgage Corporation Chicago, Illinois to purchase 8,664 shares of outstanding common stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER None. SECTION II - APPLICATIONS SUBJECT TO BOTH Application Comment Period Ending Date *Section 3(a)(1) application by Pennyrile Bancshares, Inc., Hopkinsville, Kentucky, to acquire Pennyrile Citizens Bank and Trust Company, Hopkinsville, Kentucky (Newspaper 1-4-90) *Section 3(a)(3) application by First Banks, Inc., St. Louis, Missouri, to acquire West Frankfort Community Bancshares, Inc., West Frankfort, Illinois (Newspaper 1-4-90) *Section 3(a)(1) application by Farmers State Bancorporation, Inc., Hoffman, Illinois, to acquire Farmers State Bank of Hoffman, Hoffman, Illinois (Newspaper 1-6-90) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. * This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only_______ Comment Period Ending Date Application Citizens State Bank Clark, SD To establish a de novo branch in Watertown, SD 12-22-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Duane S. Amundson To acquire control of 28.50% of Culbertson Ban Corp., Culbertson, MT Not yet available Glenwood Bancshares, Inc. Glenwood, WI To acquire Elmwood Financial Ser vices, Inc., Elmwood, WI* 12-31-89 (Newspaper) Liberty State Bank ESOP St. Paul, MN To acquire control of 16.6% of Liberty Bancshares, Inc., St. Paul, 12-16-89 (Newspaper) MN Border Bancshares, Inc. Greenbush, MN To acquire Badger State Bank, Badger, MN* First Interstate Bancsystem of Montana, Inc., Billings, MT To merge with Commerce Bancshares of Wyoming, Inc., Sheridan, WY* * Subject to CRA Not yet available 1-8-90 (Newspaper) FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Springfield Investment Company Springfield, MN To engage in general insurance agency activities through the acquisition of Morgan Insurance Agency, Morgan, MN. The activity will be conducted from an office in Morgan, MN Not yet available Springfield Investment Company Springfield, MN To engage in general insurance agency activities through the acquisition of Ziegenhagen Insurance Agency, Clements, MN. The activity will be conducted from an office in Springfield, MN Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Peoples Bankshares, Inc., Mora, MN To redeem 23% of its voting shares. Federal Reserve Bank o f Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE NONE. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE F i r s t A m e r i c a n B a n c s h a r e s , Inc., K a n s a s City, K a n s a s , for p r i o r a p p r o v a l to b e c o m e a b a n k h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 1 0 0 p e r c e n t of the v o t i n g s h a r e s of F i r s t A m e r i c a n Bank, N a t i o n a l A s s o c i a t i o n , L e n e x a , K a n s a s , a de novo bank.* Not A v a i l a b l e F i r s t A m e r i c a n B a n c s h a r e s , Inc., K a n s a s City, K a n s a s , for p r i o r a p p r o v a l to m e r g e w i t h K a n s a s B a n c o r p o r a t i o n , Inc., K a n s a s City, K a n s a s , p a r e n t of H o m e S t a t e Bank, K a n s a s City, K a n s a s , and W y a n d o t t e B a n C o r p o r a t i o n , K a n s a s City, K a n s a s , p a r e n t of T h e E d w a r d s v i l l e Bank, Edwardsville, Kansas, and W y a n d o t t e Bank, K a n s a s City, Kansas.* Not A v a i l a b l e M a r v i n N. C h r i s t e n s e n , W a u b u n , M i n n e s o t a , for p r i o r a p p r o v a l to a c q u i r e a 100 p e r c e n t o w n e r s h i p i n t e r e s t in C o l u m b i n e V a l l e y B a n k & Trust, Littleton, Colorado. Not A v a i l a b l e O r e n Lee Benton, Denver, Colorado, f o r p r i o r a p p r o v a l to i n c r e a s e hi s o w n e r s h i p i n t e r e s t in B e l c a r o Bank, G l e n d a l e , C o l o r a d o , f r o m 8.33 p e r c e n t to 100 p e r c e n t . Not A v a i l a b l e W i l l i a m H. Hen s o n , M a y s v i l l e , O k l a h o m a , for p r i o r a p p r o v a l to i n c r e a s e h i s o w n e r s h i p i n t e r e s t in T h e H. Pat H e n s o n Co., Inc., M a y s v i l l e , O k l a h o m a , to 4 6 . 7 6 p e r c e n t and R o s s M c K n i g h t , T h r o c k m o r t o n , Texas, for p r i o r a p p r o v a l to a c q u i r e u p to a 30.0 p e r c e n t o w n e r s h i p i n t e r e s t in Th e H. Pat H e n s o n Co., Inc., M a y s v i l l e , Oklahoma. Not A v a i l a b l e Federal Reserve Bank of Kansas City L a f a y e t t e B a n c s h a r e s , Inc., I n d e p e n d e n c e , M i s s o u r i , for prior a p proval to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h 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 shares of L a f a y e t t e C o u n t y B a n c s h a r e s , Inc., L e x i n g t o n , M i s s o u r i , p a r e n t of L a f a y e t t e C o u n t y B a n k of Lexington, Lexington, Miss o u r i . * Not A v a i l a b l e Olat h e B a n c s h a r e s , Inc., O v e r l a n d Park, K a n s a s , for p r i o r a p p r o v a l to become a b a n k h o l d i n g c o m p a n y t h r o u g h t h e a c q u i s i t i o n of 82.56 p e r c e n t o f t h e v o t i n g shares of O l athe S t a t e B a n k , Olathe, Kans a s . * Not Available J. R. M o n t g o m e r y B a n c o r p o r a t i o n , Lawton, O k l a h o m a , for prior a p p r o v a l to a c q u i r e an a d d i t i o n a l .8 p e r c e n t of t h e v o t i n g shares of Fort Sill N a t i o n a l Bank, Fort Sill, Oklahoma.* Not Available SECTION III - APPLICATIONS SDBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE NONE. SECTION IV - APPLICATIONS NOT SDBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION The H. P a t H e n s o n Co., Inc., M a y s v i l l e , O k l a h o m a , for prior a p p r o v a l to r e d e e m 3,154 1/6 shares o f its o w n v o t i n g co m m o n stock. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 4, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Donald B. Hayes, Austin, TX; David L. Kriegel, Lima, Ohio; Pinnacle Banc Group, Oakbrook, IL; BMR Financial Group, Inc., Atlanta, GA; Reed Rubin, New York, NY; South Atlantic Venture, Tampa, Florida; Richard D. Segal, Rye, NY; and Robert Feldman, Scarsdale, NY, to acquire an interest in Giddings Citizens State Bancshares, Inc., Giddings, TX 89/12/15 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Section 4(c)(8) application by PSB Financial Corporation, Many, LA, to continue to engage in providing tax planning and preparation services through H & R Block franchise, Many, Louisiana NOTICE EXP 89/12/15 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 12/08/89 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Verde Valley Bancorp, Inc., Cottonwood, Arizona, to consolidate into The Bank of Verde Valley, Cottonwood, Arizona. * Newspaper; Not available Harris Trust Bank of Arizona, Scottsdale, Arizona, to establish a branch in The Promenade, 10001 West Bell Road, Sun City, Arizona. * Newspaper: 12/20/89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Sun State Capital Corporation, Las Vegas, Nevada, to became a bank holding company through the acquisition of at least 48.63 and up to 100 percent of Sun State Bank, Las Vegas, Nevada. * Terry M. Giles, Santa Ana, California, to acquire 100 percent of Merchant House, Santa Ana, California, which owns FNB Financial Group and its subsidiary bank, Pacific National Bank. Fed. Rea.: 1/05/90 Newspaper: 12/29/89 Fed. Rea.: 12/28/89 Newspaper: 12/07/89 Section III - Applications Subject to Federal Register Notice Only First Interstate Bancorp, Los Angeles, California, to engage in asset management and valuation activities through a yet-to-be named subsidiary. Fed. Reg.; Not yet published Bank of leasing leasing Leasing of Bank Feg. Reg.; 12/28/89 Tokyo, Ltd., Tokyo, Japan, to acquire assets and/or stock in certain subsidiaries of the BancNewEngland Group which is a nonbank subsidiary of New England Corporation. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER