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ANNOUNCEMENT BT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1986 No.
5
Actions of the Board
Applications and Reports Received
During the W e e k Ending February 1, 1986
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Volcker, Paul A., statement before the
Subcommittee on Domestic Monetary Policy of
the House Committee on Banking, Finance and
Urban Affairs concerning issues involved in
the budgetary treatment and procedures of the
Federal Reserve System, January 29, 1986.
Rice, Emmett J . , statement before the
Subcommittee on Financial Institutions and
Consumer Affairs of the Senate Committee on
Banking, Housina, and Urban Affairs, January
28, 1986.
Boston
Fairhaven Bank, National Association,
Fairhaven, Massachusetts, proposed merger
with National Bank of Fairhaven — report to
the Comptroller of the Currency on
competitive fac t o r s . 1/
Boston
Amoskeag Bank Shares, Inc., Manchester, New
Hampshire — extension of time to May 8,
1986, within which to consummate the
acquisition of Portsmouth Savings Bank,
Portsmouth, N ew Hampshire. 1/
Ne w York
Banco Safra, Sao Paulo, Brazil, proposed
purchase of the assets and assumption of the
liabilities of Safra National Bank of New
York, Ne w York, N ew York — report to the
Currency on competitive factors.
1/
Philadelphia
Third National Bank and Trust Company of
Scranton, Scranton, Pennsylvania, proposed
merger with Interim National Bank and Trust
Company of Scranton, under the charter of the
latter and with the title of the former —
1/
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 v e r n o r s u nder
d e l e g a t e d authority.
H.2,
1986 No.
5
2
ACTIONS OF THE BOARD - Continued
report to the Comptroller of the Currency on
competitive factors. 1/
Philadelphia
First Eastern Corp., Wilkes-Barre,
Pennsylvania — extension of time to April
24, 1986, within which to consummate the
proposal to engage de novo in securities
brokerage services through First Eastern
Brokerage Services, Inc. 1/
Richmond
First Fidelity Bancorp, Inc., Fairmont, West
Virginia — extension of time to May 12,
1986, within which to acquire Bridgeport
Bank, Bridgeport, West Virginia. 1/
Richmond
Bank of Virginia, Richmond, Virginia —
extension of time to November 28, 1986,
within which to establish a branch at
Dominion Boulevard and West Broad Street
Road, Glen Allen, Virginia. 1/
Richmond
CNB Interim National Bank, Fairmont, West
Virginia, proposed merger with City National
Bank of Fairmont, Fairmont, West Virginia —
report to the Comptroller of the Currency on
competitive factors. 1/
Atlanta
National Bank of Georgia, Atlanta, Georgia —
extension of time to January 28, 1987, within
which to establish its NBG branch in the
Cayman Islands. 1/
Atlanta
First American Bank and Trust Company,
Athens, Georgia, proposed merger with F A B &
T Interim Corporation — report to the
Federal Deposit Insurance Corporation on
competitive factors. 1/
Atlanta
Bank of Belle Glade, Belle Glade, Florida,
proposed merger with Belle Glade Interim Bank
— report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
Atlanta
Farmers & Merchants Bank, Piedmont, Alabama,
proposed merger with F & M Interim Bank —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
Atlanta
Riverside National Bank of Florida, Fort
Pierce, Florida, proposed merger with New
Riverside National Bank — report to the
1/
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 v e r n o r s u n d e r
d e l e g a t e d authority.
H.2,
1986 No.
5
3
ACTIONS OF THE BOARD - Continued
Comptroller of the Currency on competitive
factors. 1/
Atlanta
Washington-Wilkes Corporation, Washington,
Georgia — extension of time to April 30,
1986, within which to become a bank holding
company through acquisition of Farmers and
Merchants Bank.
1/
Chicago
First National Bank of Chicago, Chicago,
Illinois — one-year extension of time to
complete conversion of Banco Arfina to a
branch. 1/
Chicago
United Bank of Illinois, National
Association, Rockford, Illinois, proposed
merger with United Bank of Rockford,
Rockford, Illinois, under the charter and
title of the former — report to the
Comptroller of the Currency on competitive
factors. 1/
Chicago
First of Charlevoix Corp., Charlevoix,
Michigan — extension of time to April 18,
1986, within which to become a bank holding
company through the acquisition of 100
percent of the voting shares of the successor
by merger to First State Bank of Charlevoix.
Chicago
F & M Bank of Sullivan, Sullivan, Wisconsin,
proposed merger with The Farmers State Bank
under the charter and title of F & M Bank of
Sullivan — report to the Federal Deposit
Insurance Corporation on competitive factors.
1/
Chicago
KEECO, INC., Chicago, Illinois — extension
of time to April 30, 1986, within which to
acquire 11.02 percent of the voting shares of
Round Lake Bankcorp, Inc., Round Lake,
Illinois. 1/
Chicago
Round Lake Bankcorp, Inc. Round Lake,
Illinois — extension of time to April 30,
1986, within which to become a bank holding
company through the acquisition of 100
percent of the voting shares of the successor
by mercrer to First State Bank of Round Lake.
1/
St. Louis
The Boatmen's National Bank of St. Louis, St.
1/
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 v e r n o r s u n d e r
d e l e g a t e d authority.
H.2,
1986 No.
5
4
ACTIONS OF THE BOARD - Continued
Louis, Missouri, proposed merger with General
Bank, and General Bank of St. Louis County,
Clayton, Missouri — report to the
Comptroller of the Currency on competitive
factors. 1/
Kansas City
The Southgate Bank, Prairie Village, Kansas
— proposed merger with SGB C o r p . , under the
charter and title of The Southgate Bank —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
Dallas
First Huntsville Corporation, Huntsville,
Texas — extension of time to April 22, 1986,
within which to acquire First National Bank
of Madisonville, Madisonville, Texas. 1/
Dallas
MBank Fort Worth East, Fort Worth, Texas —
payment of a dividend. 1/
San Francisco
Nevada First Development Corporation, Reno,
Nevada — extension of time within which to
divest certain properties. 1/
San Francisco
Heritage Oaks Bank, Paso Robles, California,
proposed acquisition of fixed assets and
assumption of the deposit liabilities of The
Paso Robles Branch of Crocker National Bank,
San Francisco, California — report to the
Comptroller of the Currency on competitive
factors. 1/*
* * * * *
1/
P r o c e s s e d on b e h a l f of the Board of Gover n o r s u nder
d e l e g a t e d authority.
H.2,
1986 No.
5
5
ACTIONS OF THE BOARD - Continued
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Withdrawn
St. Louis
Bank of Lincoln County, Elsberry, Missouri.
(1/31/86)
Approved
Atlanta
Georgia Bankers Bank, Atlanta, Georgia.
(1/29/86)
1/
* * * * *
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Approved
Philadelphia
Laurel Bank, Ebensburg, Pennsylvania — to
establish a branch office at Route 22 East,
D u n c a n s v i l l e , Blair County, Pennsylvania. 1/
(1/31/86)
Philadelphia
Peoples Bank of Nanticoke, Nanticoke,
Pennsylvania — to establish a branch office
to be located on Route 11 in the Village of
West Nanticoke, Plymouth Township, Luzerne
County, Pennsylvania 1/ (1/31/86)
Atlanta
The Trust Bank, Hialeah, Florida — to
establish a branch at 4375 East 4th Avenue,
Hialeah, Florida, to be known as East. Hialeah
Branch. 1/ (1/21/86)
* * * * *
Issued Intent not to Disapprove Change of Control
Pursuant to Change in Bank Control A ct of 1978
Approved
Chicago
Ogle Countv Bancshares,
Illinois, ‘ l/ (1/31/86)
Kansas City
United Ban Holding Corporation, Norman,
Oklahoma.
1/ (1/31/86)
1/
Inc., Rochelle,
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 e r n o r s u n d e r
d e l e g a t e d authority.
H.2,
1986 No.
5
6
ACTIONS OF THE BOARD - Continued
Kansas City
First State Bancshares of King City, Inc.,
King City, Missouri.
1/ (1/31/86)
* * * * *
Applications and Notification for Investments and Other
Actions Pursuant to Sections 25 and 25(a) of the Federal
Reserve A c t and Sections 4(c)(9), 4(c) (13) and 4(c) (14)
of the Bank Holding Company A ct of 1956, as amended
Approved
New York
Citicorp, N ew York, Ne w York — grants
consent for Citicorp to continue to hold,
indirectly, 100 percent of the shares of
Citicorp Futures Limited ("Futures"),
Singapore, after Futures acts as a futures
commission merchant on the Singapore
International Monetary Exchange ("SIMEX")
with respect to the Nikkei Stock Average
Contract, a futures contract based on stock
traded on Tokyo Stock Exchange.
(1/27/86)
New York
Manufacturers Hanover International Finance
Corporation, Ne w York, New York — grants
consent to make an additional investment in
Manufacturers Hanover (Guernsey) Bank
Limited, Guernsey, Channel Islands.
* * * * *
To Form a Bank Holding Company Pursuant to Section
3 ( a ) (1) of the Bank Holding Company A ct of 1956
Withdrawn
Minneapolis
BEDA Holding Company, Inc., Canton, South
Dakota — for approval to acquire 80 percent
of the voting shares of Farmers State Bank of
Canton, Canton, South Dakota.
(1/28/86)
Returned
Chicago
Blissfield Bank Corporation, Blissfield,
Michigan —
for approval to acquire 100
percent of the voting shares of The
Blissfield State Bank, Blissfield, Michigan.
(1/30/86)
1/ 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 e r n o r s under
d e l e g a t e d authority.
H.2,
1986 No.
5
7
ACTIONS OF THE BOARD - Continued
Chicago
Horizon Bancshares, Inc., Lombard, Illinois
—
for approval to acquire 99.12 percent of
the voting shares of State Bank of Lombard,
Lombard, Illinois.
(1/28/86)
Approved
Richmond
Anderson Bancshares, Inc., Hemingway, South
Carolina —
for approval to acquire 100
percent of the voting shares of the successor
by merger to Anderson State Bank, Inc.,
Hemingway, South Carolina.
1/ (1/31/86)
Chicago
CSB, Inc., Chesterton, Indiana —
for
approval to acquire 100 percent of the voting
shares of Chesterton State Bank, Chesterton,
Indiana.
1/
(1/31/86)
St. Louis
Lewis & Clark Bancshares, Inc., Wood River,
Illinois —
for approval to acquire at least
80 percent of the voting shares of First
national Bank of Wood River, Wood River,
Illinois.
1/ (1/31/86)
Kansas City
Jansen Bancshares, Inc., Jansen, Nebraska —
for approval to acquire at least 80 percent
of the voting shares of State Bank of Jansen,
Jansen, Nebraska.
(1/27/86)
Kansas City
South Kipling Bankshares, Ltd., Denver,
Colorado —
for approval to acquire 100
percent of the voting shares of North
American National Bank, Littleton, Colorado.
1/
(1/31/86)
Dallas
First Capital National Bancshares, Inc., Fort
Worth, Texas —
for approval to acquire 100
percent of the voting shares of Capital
National Bank, Fort Worth, Texas and The
Citizens National Bank of Weatherford,
Weatherford, Texas.
1/
(1/27/86)
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) (3) of the Bank Holding Company A ct of 1956
Denied
Dallas
1/
St. James Bancorp,
Inc., St. James, Minnesota
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 v e r n o r s u n d e r
d e l e g a t e d authority.
H . 2,
1986 No.
5
8
ACTIONS OF THE BOARD - Continued
—
for approval to acquire 100 percent of the
voting shares of Roseville Bancorp, Inc.,
Minneapolis, Minnesota and indirectly Mid
America National Bank of Roseville,
Roseville, Minnesota.
(1/21/86)
Returned
Atlanta
Southtrust Corporation, Birmingham, Alabama
—
for approval to acquire 60 percent of the
voting shares of the Bank of Ozark, Ozark,
Alabama.
(2/7/86)
Chicago
Edgewood Bancshares, Inc., Countryside,
Illinois —
for approval to acquire 25
percent of the voting shares of Horizon
Bancshares, Inc., Lombard, Illinois and
indirectly acquire State Bank of Lombard,
Lombard, Illinois.
(1/28/86)
Approved
N e w York
Citicorp, N e w York, New York and Citicorp
Holdings, Inc., Wilmington, Delaware —
for
approval to acquire 100 percent of the voting
shares of Citibank (Utah), Salt Lake City,
Utah, a proposed new bank.
(1/24/86)
Cleveland
United Bancorp of Kentucky, Inc., Lexington,
Kentucky —
for approval to acquire 100
percent of the voting shares of First
National Bank of Versailles, Versailles,
Kentucky.
1/ (1/30/86)
Atlanta
First National Corporation, Covington,
Louisiana —
for approval to acquire 100
percent of the voting shares of First
Industrial Bank and Trust Company, Metairie,
Louisiana, a proposed new bank.
(1/17/86)
Minneapolis
Citizens Fidelity Corporation, Louisville,
Kentucky —
for approval to acquire 100
percent of the voting shares of Bank of
Oldham County, LaGrange, Kentucky.
1/
(1/28/86)
St. Louis
Landmark Bancshares Corporation, Clayton,
Missouri —
for approval to acquire 100
percent of the voting shares of Brentwood
Bancshares Corporation, Brentwood, Missouri
1/
P r o c e s s e d on b e h a l f of the B o a r d of Gover n o r s u n d e r
d e l e g a t e d authority.
H . 2, 1986 No.
5
9
ACTIONS OF THE BOARD - Continued
and indirectly Brentwood Bank, Brentwood,
Missouri.
(1/27/86)
Minneapolis
First Interstate BancSystem of Montana, Inc.,
Billings, Montana (formerly Security Banks of
Montana) —
for approval to acquire 100
percent of the voting shares of First
National Montana Bank of Missoula, Missoula,
Montana.
(1/27/86)
Kansas City
United Banks of Colorado, Inc., Denver,
Colorado —
for approval to acquire 100
percent of the voting shares of United Bank
of Aurora - City Center, Aurora, Colorado, a
proposed new bank.
1/
(1/27/86)
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4 ( c ) (8) of the Bank Holding Company Act of 1956
Withdrawn
New York
United Jersey Banks, Princeton, New Jersey —
to engage de novo (underwriting credit life
and disability insurance on consumer loans)
through its subsidiary, United Jersey Credit
Life Insurance Company, Phoenix, Arizona.
(1/27/86)
Returned
San Francisco
Wells Fargo & Company, San Francisco,
California — to expand the geographic scope
of Central Western Insurance Company,
Phoenix, Arizona, to include all 50 states
and the District of Columbia, and to continue
to engage de novo (underwriting credit life
and disability insurance on consumer l o ans).
The activity will be conducted from offices
located in Phoenix, Arizona.
(1/31/86)
Approved
New York
1/
The Bank of N ew York Company, Inc., N ew York,
N ew York —
for approval to acquire Fidata
Trust Company California, Los Angeles,
P r o c e s s e d on b e h a l f of the Board of G o v e r n o r s u nder
d e l e g a t e d authority.
H.2,
1986 No.
5
10
ACTIONS OF THE BOARD - Continued
California, and to engage in trust activities
nationwide.
1/ (1/31/86)
Atlanta
Louisiana Bancshares, Inc., Baton Rouge,
Louisiana — to acquire 20.45 percent of the
voting shares of LINC Switch, Inc., Baton
Rouge, Louisiana.
1/ (1/28/86)
Chicago
American Fletcher Corporation, Indianapolis,
Indiana — to acquire Morris Plan Financial
Services Corporation, Indianapolis, Indiana
and thereby engage in the operation of a
general consumer finance business.
1/
(1/31/86)
Chicago
J. E. Coonley Company, Dows, Iowa — to
retain the activity of leasing computer
equipment to a nonsubsidiary affiliate,
Sheffield Savings Bank, Sheffield, Iowa.
(1/30/86)
1/
Minneapolis
Norwest Corporation, Minneapolis, Minnesota
— to acquire certain assets of EdmisonJohnson Aqency, Inc., Sioux Falls, South
Dakota.
1/ (1/30/86)
Dallas
Commercial National Corporation, Shreveport,
Louisiana —
for approval to acquire 20.45
percent of LINC Switch, Inc., Baton Rouge,
Louisiana.
1/ (1/28/86)
Permitted
New York
European American Bancorp, N ew York, N ew York
— to engage de novo (discount securities
brokerage activities including certain
securities credit and incidental activities)
through its subsidiary EAB Brokerage
Services, Inc., ITniondale, N ew York.
The
activities will be conducted throughout the
United States and outside the United States.
3/ (1/27/86)
New York
Irving Bank Corporation, New York, N ew York
— to engage de novo (discount securities
brokerage activities including certain
securities credit and incidental activities)
through a newly established subsidiary, One
Wall Street Brokerage, Inc., Scarsdale, New
York.
The activities will be conducted on a
nationwide basis.
3/ (1/27/86)
T7
3/
Processed on behalf of the Board of Governors under
delegated authority.
Notification processed by Reserve Bank on behalf of
the Board of Governors under delegated authority.
H.2,
1986 No.
5
11
ACTIONS OF THE BOARD - Continued
New York
J. P. Morgan & Company Incorporated, New
York, N ew York — to engage de novo (engaging
in the activities of a trust company of a
fiduciary, agency, or custodial nature)
through its subsidiary, Morgan Shareholder
Services Trust Company, New York, New York.
3/ (1/23/86)
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 subsidi
ary, SCN Discount Brokerage Services, Inc.,
Columbia, South Carolina.
3/ (1/31/86)
Chicago
Bank of Montreal, Montreal, Canada, Bankmont
Financial Corporation, N ew York, N ew York,
and Harris Bankcorp, Inc., Chicago, Illinois
— to engage de novo (advising a company
registered under the Investment Company Act
of 1940) through its wholly-owned subsidiary,
Derivative Markets Management, Inc., Chicago,
Illinois.
The geographic area to be served
will be the entire United States.
3/
(1/27/86)
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.
3/ (1/30/86)
Minneapolis
Mid-America B ancorporation, Louisville,
Kentucky — to engage de novo (underwriting
credit life and disability insurance on
consumer loans) through its subsidiary, Eton
Life Insurance Company, Louisville, Kentucky.
3/ (1/29/86)
Kansas City
Western Bancshares, Inc., St. Paul, Minnesota
— to engage de novo (making, acquiring
and/or servicing loans for itself or for
others made by a commercial finance company)
through its wholly-owned nonbank subsidiary,
WAV, Inc.
The activity will be conducted in
Minnesota. 3/
(1/31/86)
Dallas
Texas American Bancshares,
3/
Inc., Fort Worth,
Notification processed by Reserve Bank on behalf of
the Board of Governors under delegated authority.
H.2,
1986 No.
5
12
ACTIONS OF THE BOARD - Continued
Texas — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
activities) through the acquisition of
Tabrokerage, Inc., Fort Worth, Texas.
3/
(1/27/86)
* * * * *
Applications 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 A ct as Amended
Approved
New York
The Bank of New York Company, Inc., N ew York,
N ew York — to invest in the capital stock of
Wall Street Data Services, Inc., Teaneck, N ew
Jersey, a bank service corporation that will
engage in data processing activities.
1/
(1/31/86)
* * * * *
Redemption of Shares
Approved
Chicago
Oale County Bancshares,
Illinois.
1/ (1/31/86)
Inc., Rochelle,
Dallas
Benson Investment Company, San Antonio,
Texas.
1/ (1/29/86)
* * * * *
1/
3/
Application processed on behalf of the Board of
Governors under delegated authority.
Notification processed by Reserve Bank on behalf of
the Board of Governors under delegated authority.
H.2, 1986 No. 5
13
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Received
Philadelphia
Laurel Bank, Ebensburg, Pennsylvania — to
establish a Remote Service Facility at
Sheehan's Mini-Market, 926 Second Street,
Cresson, Cambira County, Pennsylvania.
2/
Richmond
Bank of Virginia, Richmond, Virginia — for
permission to establish a branch at 8330
Boone Boulevard, Vienna, Virginia.
2/
Richmond
First Virginia Bank, Falls Church, Virginia
— for permission to establish a branch at
2700 South Quincy Street, Arlington,
Virginia.
2/
Atlanta
Central Bank of the South, Birmingham,
Alabama — for permission to establish a
branch located at Madison Square Mall, 5901
University Drive West, Huntsville, Alabama,
to be known as Madison Square Mall Office.
2/
Atlanta
Metro Bank of Dade County, Miami, Florida —
for permission to establish a branch located
at 9000 S.W. 137th Avenue, Miami, Florida, to
be known as Metro Bank of Dade County.
2/
Atlanta
Prime Bank, Boynton Beach, Florida — for
permission to establish a branch located at
450 South Australian Avenue, West Palm Beach,
Florida, to be known as Prime Bank Australian Avenue Branch.
2/
Chicago
Bankers Trust Company, Des Moines, Iowa —
establish an off-site electronic facility
located at Dahl's Foods, 999 University,
Clive, Iowa.
2/
San Francisco
Valley Bank & Trust Company, Salt Lake City,
Utah — to establish a branch office in the
vicinity of 4800 South & Highland Drive, Salt
Lake City, Utah.
2/
to
* * * * *
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, 1986 No. 5
14
APPLICATIONS RECEIVED - Continued
Issued Intent not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Received
San Francisco
Michael W. and Catherine Brickley to increase
their ownership in National Intercity
Bancorp, Santa Clara, California from 8.55%
to 14.04%.
21
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Received
Philadelphia
C o m m u n ity Bank and Trust Company, Forest
City, Pennsylvania.
Dallas
2/
Park Central Bank of Dallas, Dallas, Texas, a
proposed new bank.
2/
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a ) (1) of the Bank Holding Company Act of 1956
Received
Cleveland
Unity Bancorp, Inc., New Waterford, Ohio —
for approval to acquire 100 percent of the
voting shares of The New Waterford Bank, New
Waterford, Ohio.
2/
Atlanta
Wrightsville Bancshares, Inc., Wrightsville,
Georgia — for approval to acquire 80 percent
of the voting shares of Bank of Wrightsville,
Wrightsville, Georgia.
2/
St. Louis
KBT Bancshares, Inc., Louisville, Kentucky —
for approval to acquire 100 percent of the
voting shares of The Kentucky Bank and Trust
Company, Madisonville, Kentucky.
St. Louis
Perry County Bancshares,
Arkansas — for approval
80 percent of the voting
County Bank, Perryville,
Kansas City
Russell State Bancshares, Inc., Russell,
2/
Inc., Perryville,
to acquire at least
shares of The Perry
Arkansas.
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, 1986 No. 5
15
APPLICATIONS RECEIVED - Continued
Kansas — for approval to acquire 100 percent
of the voting shares of Security State Bank,
Great Bend, Kansas.
2/
Kansas City
Southgate Banking Corporation, Prairie
Village, Kansas — for approval to acquire
100 percent of the voting shares of The
Southgate Bank, Prairie Village, Kansas.
2/
Dallas
Bryant-Irvin Bancshares, Inc., Benbrook,
Texas — for approval to acquire 100 percent
of the voting shares of Citizens National
Bank, Benbrook, Texas, a proposed new bank.
2/
Dallas
Mercedes Bancorp, Inc., Mercedes, Texas —
for approval to acquire 100 percent of the
voting shares of Mercedes National Bank,
Mercedes, Texas.
2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a ) (3) of the Bank Holding Company Act of 1956
Received
Atlanta
CB&T Bancshares, Inc., Columbus, Georgia —
for approval to acquire 100 percent of the
voting shares of Bank of Coweta, Newnan,
Georgia.
2/
St. Louis
Lincoln County Bancorp, Inc., Troy, Missouri
— for approval to acquire 18.15 percent of
the voting shares of Warren County
Bancshares, Inc., Warrenton, Missouri and
indirectly acquire Commerce Warren County
Bank, Warrenton, Missouri.
2/
Minneapolis
Minneapolis
2/
Dassel Investment Company, Minneapolis,
Minnesota — for approval to acquire 42.88
. percent of the voting shares of Hutchinson
Bancorp, Inc., Minneapolis, Minnesota and
indirectly acquire First National Bank,
Hutchinson, Minnesota.
2/
Hutchinson Bancorp, Inc., Minneapolis,
Minnesota — for approval to acquire 97.03
percent of the voting shares of Dassel State
Bank, Dassel, Minnesota.
2/
Application subject to Community Reinvestment Act.
The Community Affairs Officer of the applicable Reserve
Bank m a y be contacted as to the length of the comment
period.
H.2, 1986 No. 5
16
APPLICATIONS RECEIVED - Continued
Dallas
MCorp, Dallas,. Texas and MCorp Financial,
Inc., Wilmington, Delaware — for approval to
acquire 100 percent, of the voting shares of
MBank Arboretum, Austin, Texas, a proposed
new bank.
2/
Dallas
Texas Commerce Bancshares, Inc., Houston,
Texas — for approval to acquire 100 percent
of the voting shares of Texas Commerce Bank,
Newark, Delaware, a proposed new bank.
2/
Dallas
Zapata Bancshares, Inc., Zapata, Texas — for
approval to acquire 51 percent of the voting
shares of Mercedes Bancorp, Inc., Mercedes,
Texas and indirectly Mercedes National Bank,
Mercedes, Texas.
2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a ) (5) of the Bank Holding Company Act of 1956
Received
Atlanta
Florida National Banks of Florida, Inc.,
Jacksonville, Florida — for approval to
merge with Citrus Banking Corporation, Tampa,
Florida and indirectly acquire Citrus Park
Bank, Tampa, Florida.
2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c ) (8) of the Bank Holding Company Act of 1956
R e c e iv e d
Richmond
First Union Corporation, Charlotte, North
Carolina — for approval to acquire shares of
Southern International Corporation,
Charlotte, North Carolina.
Chicago
First of America Bank Corporation, Kalamazoo,
Michigan — for approval to acquire
Securities Counsel, Inc., Jackson, Michigan.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota
— to engage de novo (making, acquiring
and/or servicing loans for itself or for
others of the type made by a consumer finance
company; a sales finance company; a
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,
1986 No.
5
17
APPLICATIONS RECEIVED - Continued
commercial finance company; a factor,
engaging in full pay-out personal and real
property leasing; providing to others
financially related data processing and data
transmission services, facilities, and data
bases; or access to them; underwriting credit
life and disability insurance on consumer
loans) in the state of Alaska, through
Norwest Financial Services.
(1/27/86)
Kansas City
Fourthco, Inc., Tulsa, Oklahoma —
for
approval to acquire two subsidiaries of
Fourth National Corporation:
Diversified
Mortgage and Investment Company and Fourth
Investment Advisors, Inc., both located in
Tulsa, Oklahoma.
Kansas City
Southgate Banking Corporation, Prairie
Village, Kansas —
for approval to acquire
100 percent of the voting shares of The
Southgate Trust Company, Prairie Village,
Kansas (in o r ganization), and thereby engage
in the activities of a trust company of a
fiduciary, agency, or custodial nature.
San Francisco
Valley Capital Corporation, Las Vegas, Nevada
— to engage de novo (discount securities
brokerage activities including certain
securities credit and incidental activities)
through Valley Financial Services, Inc.
(1/28/86)
@FedFRASER