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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1990, No. 6
Actions of the Board , its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending February 10/ 1990
BANK HOLDING COMPANIES
Cedar Vale Bank Holding Company, Wellington, Kansas
—
to acquire Bank of Commerce & Trust Company and
to engage in insurance agency activities through
the acquisition of Tri-County Financial
Corporation.
Denied, February 8, 1990.
Citicorp, New York, New York — request for
reconsideration of the BoardTs approval of the
application to retain indirect ownership of Great
Western Insurance Agency, Phoenix, Arizona, and
United Security Corporation, and to engage through
these subsidiaries in certain insurance agency
activities.
Denied, February 5, 1990.
Credit Lyonnais, Paris, France — to acquire and
temporarily retain shares of IMRS, Inc., Stamford,
Connecticut.
Permitted, February 5, 1990.
BOARD OPERATIONS
Budget of the Office of the Inspector General.
Approved, February 9, 1990.
ENFORCEMENT
Flower Mound Bank, Flower Mound, Texas — order of
prohibition against Ben D. Campbell, a former
officer and director.
Authorized, February 5, 1990.
REGULATIONS AND POLICIES
Regulation C — termination of exemptions from the
Home Mortgage Disclosure Act for certain financial
institutions in Connecticut, Massachusetts, and New
Jersey.
Approved, February 7, 1990.
Regulation Y — amendment implementing the Financial
Institutions Reform, Recovery, and Enforcement Act
concerning procedures for notices of changes in
senior executive officers and directors of certain
bank holding companies and state member banks.
Proposed, February 9, 1990.
H .2
FEBRUARY 5, 1990
PAGE 2
TO
FEBRUARY 9, 1990
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FQMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; GC - General Counsel; IF - International Finance; OSDM - Office
of Staff Director for Management
BANK BRANCHES, DOMESTIC
Richmond
F & M Bank, Richmond, Virginia — to retain its
present main office location at 1776 Staples Mill
Road as a branch office incident to the relocation
of the main office to 9401 West Broad Street.
Approved, February 9, 1990.
Cleveland
Ohio Citizens Bank, Toledo, Ohio — to establish a
CBCT branch at 4810 Suder Avenue.
Approved, February 6, 1990.
BANK HOLDING COMPANIES
Cleveland
Banc One Corporation, Columbus, Ohio — to acquire
Community Savings and Loan Association, Fond du
Lac, Wisconsin.
Approved, February 8, 1990.
Kansas City
Brookside Bancshares, Inc., Tulsa, Oklahoma — to
engage de novo in the origination of residential
mortgage loans for resale in the secondary market
through Brookside Mortgage Corporation.
Permitted, February 6, 1990.
New York
Chase Manhattan Corporation, New York, New York — to
engage de novo in acting as financial advisor to
municipalities through Chase Securities, Inc.
Permitted, February 5, 1990.
New York
Citicorp, New York, New York — to acquire indirectly
American Financial Systems, Inc., Haverford,
Pennsylvania, and engage in data processing and
related activities.
Approved, February 8, 1990.
Richmond
FCFT, Inc., Princeton, West Virginia — to acquire
First Community Bancshares, Inc., Princeton, West
Virginia, and Flat Top Bankshares, Inc., Bluefield,
West Virginia.
Approved, February 9, 1990.
H.2
FEBRUARY 5, 1990
PAGE 3
TO
FEBRUARY 9, 1990
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
First Colonial Bankshares Corporation, Chicago,
Illinois — to engage de novo in servicing mortgage
loans through First Colonial Mortgage Corporation,
Rosemont, Illinois.
Permitted, February 7, 1990.
Dallas
First Fabens Bancorporation, Inc., Fabens, Texas —
to acquire Bancshares of Ysleta, Inc., El Paso,
Texas, and Bank of Ysleta.
Returned, February 8, 1990.
Atlanta
First State Corporation, Albany, Georgia — to engage
de novo in making, acquiring, and servicing loans
through Southeastern Mortgage Corporation.
Permitted, February 7, 1990.
Boston
Fleet / Norstar Financial Group, Inc., Providence,
Rhode Island — to acquire stock of Capital
Guaranty Corporation, San Francisco, California.
Withdrawn, February 9, 1990.
S t . Louis
Lonoke Bancshares, Inc., Lonoke, Arkansas —
acquire shares of First State Bank.
Approved, February 7, 1990.
Richmond
MNC Financial, Inc., Baltimore, Maryland — to
acquire Newton Finance Company, Inc., Covington,
Georgia.
Approved, February 7, 1990.
Richmond
Montgomery Bancorp, Inc., Bethesda, Maryland — to
acquire Prince GeorgeTs National Bank, Landover,
Maryland, a de novo bank.
Approved, February 5, 1990.
Richmond
New East Bancorp, Raleigh, North Carolina — to
acquire New East Bank of Elizabeth City, Elizabeth
City, North Carolina, a de novo bank.
Approved, February 5, 1990.
to
H.2
FEBRUARY 5, 1990
PAGE 4
TO
FEBRUARY 9, 1990
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Atlanta
Synovus Financial Corp. and TB&C Bancshares, Inc.,
Columbus, Georgia — to merge with NBWC
Corporation, Monroe, Georgia, and acquire The
National Bank of Walton County.
Approved, February 5, 1990.
Atlanta
Synovus Financial Corp. and TB&C Bancshares, Inc.,
Columbus, Georgia — to merge with State
Bancshares, Inc., Enterprise, Alabama, and acquire
Coffee County Bank.
Approved, February 9, 1990.
BANK PREMISES
Cleveland
Citizens Commercial Bank, M t . Blanchard, Ohio —
investment in bank premises.
Approved, February 8, 1990.
Chicago
Marine Bank of Springfield, Springfield, Illinois —
investment in bank premises.
Approved, February 8, 1990.
Philadelphia
Meridian Bank, Reading, Pennsylvania —
bank premises.
Approved, February 6, 1990.
Cleveland
Ohio Citizens Bank, Toledo, Ohio —
bank premises.
Approved, February 6, 1990.
Richmond
One Valley Bank of Summersville, Inc., Summersville,
West Virginia — investment in bank premises.
Approved, February 7, 1990.
Chicago
State Bank of Freeport, Freeport, Illinois —
investment in bank premises.
Approved, February 9, 1990.
investment in
investment in
H.2
FEBRUARY 5, 1990
PAGE 5
TO
FEBRUARY 9, 1990
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANKS, FOREIGN
San Francisco
Bank of Tokyo, Ltd., Tokyo, Japan — agreement that
its Chicago branch would receive only deposits
permissible under the International Banking Act.
Approved, February 8, 1990.
BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS
San Francisco
Sierra-Bay Production Credit Association, Stockton,
California — deregistration statement.
Approved, February 7, 1990.
BANKS, STATE MEMBER
Kansas City
Citizens Bank, Bancroft, Nebraska —
dividend.
Approved, February 6, 1990.
Staff Director
BS&R
Guardian State Bank, Salt Lake City, Utah —
of a dividend.
Approved, February 6, 1990.
payment of a
payment
CAPITAL STOCK
Kansas City
Cook Investment, Inc., Beatrice, Nebraska —
redemption of shares.
Approved, February 6, 1990.
CHANGE IN BANK CONTROL
Atlanta
Cullman Bancshares, Inc., Cullman, Alabama —
in bank control.
Withdrawn, February 6, 1990.
San Francisco
Founders Bancorp, Scottsdale, Arizona —
bank control.
Returned, February 6, 1990.
Kansas City
Third Bancshares Corporation, Sedalia, Missouri —
change in bank control.
Permitted, February 8, 1990.
change
change in
H.2
FEBRUARY 5, 1990
PAGE 6
TO
FEBRUARY 9, 1990
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Richmond
Bank of Mingo, Naugatuck, West Virginia, proposed
merger with BM Bank, Inc. — report on competitive
factors.
Submitted, February 7, 1990.
Philadelphia
Bucktail Bank and Trust Company, Emporium,
Pennsylvania, proposed acquisition of assets and
liabilities of the Bradford Branch of Colony
Savings Bank, Wexford, Pennsylvania — report on
competitive factors.
Submitted, February 6, 1990.
Dallas
Farmers & Merchants National Bank of Nocona, Nocona,
Texas, proposed merger with Parker Square State
Bank, Wichita Falls, Texas — report on competitive
factors.
Submitted, February 8, 1990.
Chicago
First Federal Savings and Loan Association of Council
Bluffs, Council Bluffs, Iowa, proposed merger with
Metropolitan Federal Bank FSB, Fargo, North Dakota
— report on competitive factors.
Submitted, February 6, 1990.
Dallas
First Heights, FSB, Houston, Texas, proposed merger
with Heights of Texas, FSB — report on competitive
factors.
Submitted, February 6, 1990.
Chicago
PrimeBank, Federal Savings Bank, Grand Rapids,
Michigan, proposed merger with New Bank — report
on competitive factors.
Submitted, February 8, 1990.
San Francisco
Security Pacific Bank/ Arizona, Phoenix, Arizona,
proposed purchase of assets and assumption of
liabilities of Security Pacific Bank, N.A.,
Scottsdale, Arizona — report on competitive
factors.
Submitted, February 6, 1990.
New York
Somerset Trust Company, Bridgewater Township, New
Jersey, proposed merger with The Town and Country
Bank, Raritan Township, New Jersey — report on
competitive factors.
Submitted, February 8, 1990.
H.2
FEBRUARY 5, 1990
PAGE 7
TO
FEBRUARY 9, 1990
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
S t . Louis
Bainum Bancorp II, Murfreesboro, Arkansas —
extension to February 28, 1990, to acquire Pike
County Bank.
Granted, February 5, 1990.
San Francisco
BankAmerica Corporation, San Francisco, California —
extension to divest a property.
Granted, February 6, 1990.
New York
Growth Financial Corporation, Inc., Basking Ridge,
New Jersey — extension to acquire Growth Bank.
Granted, February 5, 1990.
Staff Director
BS&R
Merchants National Corporation, Indianapolis, Indiana
— extension to divest or terminate insurance
agency activities of Madison Bank And Trust
Company, Madison, Indiana.
Granted, February 9, 1990.
Chicago
Midlothian State Bank Employees Stock Ownership
Trust, Midlothian, Illinois — extension to May 19,
1990, to acquire shares of Midlothian State Bank.
Granted, February 8, 1990.
Richmond
NCNB Corporation, Charlotte, North Carolina —
extension to May 18, 1990, to engage in securities
underwriting through NCNB Capital Markets, Inc.
Granted, February 8, 1990.
Chicago
North Bancorp, Inc., Gaylord, Michigan — extension
to May 13, 1990, to acquire First National Bank of
Gaylord.
Granted, February 8, 1990.
Chicago
Security Bank and Trust Company, Southgate, Michigan
— extension to May 29, 1990, to merge with Trenton
Bank and Trust Company, Trenton, Michigan.
Granted, February 9, 1990.
San Francisco
Security Pacific Corporation, Los Angeles, California
— extension to divest a property.
Granted, February 6, 1990.
San Francisco
Wells Fargo & Company, San Francisco, California —
extension to divest certain properties.
Granted, February 9, 1990.
H.2
FEBRUARY 5, 1990
PAGE 8
TO
FEBRUARY 9, 1990
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
REGULATIONS AND POLICIES
Secretary
Secre
tary
FOMC
Federal Open Market Committee — policy record for
the meeting of December 18-19, 1989.
Published, February 9, 1990.
ADDITIONS AND CORRECTIONS
H.2
FEBRUARY 5, 1990
PAGE 9
TO
FEBRUARY 9, 1990
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHESr DOMESTIC
New York
Trustco Bank, Schenectady, New York — to establish a
branch at 190 Glen Street, Glen Falls, New York.
Approved, February 1, 1990.
BANKS, STATE MEMBER
Richmond
Bank of Gassaway, Gassaway, West Virginia —
of a dividend.
Approved, January 30, 1990.
payment
CHANGE IN BANK CONTROL
Philadelphia
BCB Financial Services Corporation, Reading,
Pennsylvania — change in bank control.
Permitted, February 2, 1990.
COMPETITIVE FACTORS REPORTS
Richmond
Bancshares Merger Sub Bank, Inc., Greenbelt,
Maryland, proposed merger with Jefferson Bank and
Trust Company — report on competitive factors.
Submitted, January 22, 1990.
Richmond
Citizens Savings Bank, Inc., Rocky Mount, North
Carolina, proposed purchase of the Kildaire Farm
Road Office of 1st Home Federal Savings and Loan
Association of the Carolinas, F.A., Greensboro,
North Carolina — report on competitive factors.
Submitted, January 22, 1990.
New York
Midlantic National Bank / North, West Paterson, New
Jersey, proposed merger with County Trust Company,
Lyndhurst, New Jersey — report on competitive
factors.
Submitted, January 30, 1990.
Richmond
Plantation Federal Savings Bank, Inc., Pawleys
Island, South Carolina, proposed merger with
Interim Federal Savings Bank — report on
compet it ive factors.
Submitted, January 23, 1990.
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I ~ APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application
Conment Period Ending Date
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Conment Period Ending Date
Cheshire Financial
Newspaper
Corporation, Keene,
New Hampshire - 3(a)(3)
Federal Register
application to acquire
The Valley Bank,
Hillsborough, New Hampshire*
Multibank Financial Corp., Newspaper
Dedham, Massachusetts 3(a)(3) application to
Federal Register
acquire 6.38% of Andover
Bancorp, Inc., Andover,
Massachusetts and 6.25% of
The Waltham Corporation,
Waltham, Massachusetts*
02-24-90
Not Yet Established
03-12-90
Not Yet Established
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTERTNOTICE ONLY
Application
Conment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
"Subject to CRA
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only_________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Noribanking Applications
(Subject to Federal Register Notice Only)
None.
SECTION IV
Applications Not Involving
________Public Comment______
Manufacturers Hanover Corporation, New York, New York
to make an investment in Massuh, S.A., Buenos Aires,
Argentina, an Argentine paper company.
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
sjpecified in the newspaper notice.
FEDERAL
RESERVE BA N K O F
PHILADELPHIA
Week Ended 2/9/90
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
Valley Community Bank, (in organization) 1/
Kingston, PA for approval to become a member
of the Federal Reserve System pursuant to
Section 9 of the Federal Reserve Act and
Section 208.4 of Regulation H.
3/5/90
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
Penn Bancshares, Inc. Pennsville, NJ 1/
for Donald L. Masten to own more than
25% of Penn Bancshares, Inc., pursuant
to the Change in Bank Control Act.
2/22/90
2/9/90
Newspaper:
Federal Register:
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
BT Financial Corporation, Johnstown, PA
to engage de novo in trust activities,
through its subsidiary BT Management Trust
Company, Johnstown, PA, pursuant to Section
225.25(b)(3) of Regulation Y and Section
4(c)(8) of the Bank Holding Company Act.
3/5/90
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
A p p l i c a t i o n s Bulle t i n
For W e e k E n ding Feb r u a r y 10,
1990
S E C T I O N I - A P P L I C A T I O N S SU B J E C T TO N E W S P A P E R
NOTICE ONLY
APPLICATION
C O M M E N T P E RIOD ENDING
R e c e i v e d a p p l i c a t i o n on J a n u a r y 10
1990 from The Sabina Bank, Sabina,
Ohio, for p e r m i s s i o n to e s tablish
a b r a n c h at 1129 C l inton Avenue,
W a s h i n g t o n Cou r t House, Ohio.
R e c e i v e d a p p l i c a t i o n on F ebruary 5,
1990 from S o m e r s e t T r u s t Company,
Somerset, Pennsylvania, to e s tablish
a b r a n c h o f fice at G e o r g i a n Place,
R o u t e 601 North, Somerset, Pennsylvania.
* M a r c h 1,
1990
* M a r c h 1, 1990
SE C T I O N II - A P P L I C A T I O N S SU B J E C T TO BOTH
N E W S P A P E R A N D FE D E R A L R E G I S T E R N O T I C E
R e c e i v e d S e c t i o n 3(a)(3) appl i c a t i o n on
* F - F e b r u a r y 16,
J a n u a r y 22, 1990 from Cardinal Bancshares,
Inc., Lexington, Kentucky, to acquire
30.560 p e r c e n t of the v o t i n g shares of
Trans K e n t u c k y Bancorp, Pikeville, Kentucky.
1990
R e c e i v e d S e c t i o n 3(a)(3) appl i c a t i o n on
* Not Yet Kn o w n #
F e b r u a r y 7, 1990 from H o m e t o w n Bancshares,
I n c . , Middlebourne, W e s t Virginia, to acquire
13.260 p e r c e n t of the v o t i n g shares of First
Nati o n a l B a n k of P o w h a t a n Point, P o w h a t a n Point,
Ohio.
*
#
N
F
-
S u bject to CRA
E x p e c t e d to end a p p r o x i m a t e l y 30 days from the d a t e of rece i p t
N e w s p a p e r C omment Period
Federal R e g i s t e r Comment Period
A p p l i c a t i o n s Bulletin
For W e e k Endi n g F ebruary 10,
1990
SECT I O N III - APPLIC A T I O N S S UBJECT TO F E D E R A L R E G I S T E R
N O TICE ONLY
NONE
SECTION IV - A P P L I C A T I O N S NOT SUBJECT TO F E D E R A L R E G I S T E R NOTICE
OR N E W S P A P E R NO T I C E
NONE
*
#
N
F
-
Su b j e c t to CR A
E x p e c t e d to end a p p r o x i m a t e l y 30 days from the date of receipt
N e w s p a p e r Co m m e n t Period
Federal R e g i s t e r C o mment Period
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
First Virginia Bank, Falls Church, Virginia,
request to permission to establish a branch
at 14595 Avion Parkway, Chantilly, Virginia.*
3-5-90
The Peoples Bank of Mullens, Mullens, West
Virginia, for prior approval to merge with
Peoples Interim Bank, Inc., Mullens, West
Virginia, an organizing bank.*
3-9-90
Peoples Interim Bank, Inc., Mullens, West
Virginia, for membership in the Federal
Reserve System.*
3-9-90
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Carrollton Bancorp, Baltimore, Maryland,
for prior approval to become a bank
holding company through the acquisition
of The Carrollton Bank of Baltimore,
Baltimore, Maryland.*
3-5-90
Peoples Bankshares, Inc., Mullens, West
Virginia, for prior approval to become a
bank holding company through the acquisition
of The Peoples Bank of Mullens, Mullens,
West Virginia.*
3-9-90
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
None
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None*
*Application is subject to CRA.
Week Ending February 9, 1990
Federal Reserve Bank of Atlanta
Applications Bulletin
Section I - Applications Subject to Newspaper Notice Only
Application
SouthTrust Bank of Marion County
Hamilton, Alabama
To establish a branch office at 28 East First Avenue North, Winfield,
Alabama, to be known as the Winfield Branch.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Coitment Period Ending Date
Century National Corporation
02-2b-y0
Clearwater, Florida
Federal Register and Newspaper
1-BHC formation, Security National Bank, Clearwater, Florida
(in organization).
BMR Financial Group, Inc.
Atlanta, Georgia
To merge with Meigs County Bancshares, Inc., Decatur, Tennessee, and
thereby acquire its subsidiary bank, Meigs County Bank, Decatur,
Tennessee.
Peoples Financial Services, Inc.
Cookeville, Tennessee
1-BHC formation, Peoples Bank and Trust of the Cumberlands, Cookeville,
Tennessee.
Section III - Applications Subject to Federal Register Notice Only
Application
Main Street Banks Incorporated
Covington, Georgia
02-28-90
To acquire Main Street Savings Bank, F.S.B., Conyers, Georgia
(in organization), and engage directly or indirectly in certain nonbanking
activities, pursuant to section 225.2b(b) (9) of Regulation Y.
*
Merchant Bank Corporation
Atlanta, Georgia
To establish Merchant Mortgage Corporation, Atlanta, Georgia, and engage
de nowo in making, acquiring, and servicing loans, pursuant to section
225.25(b)(1)(i) of Regulation Y; and selling as agent or broJcer, credit
life and accident health insurance directly related to its extensions of
credit, pursuant to section 225.2b(b)(8)(i) of Regulation Y.
Week Ending February 9, 1990
Section IV - Applications Not Subject to Federal Register Norice
or Newspaper Notice
Application
First United Eancorp, Inc.
Florence, Alabama
To redeem 125,000 shares (9 percent) of its outstanding shares of common
stock.
BMR Financial Group, Inc.
Atlanta, Georgia
Commitment waiver request.
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Type
Application
EFT
American Trust & Savings Bank
Dubuque, Iowa
IOCO Speede Shopf 3270 Dodge Street
Dubuque, Iowa*
N
- **
EFT
Comerica Bank - Detroit
Detroit, Michigan
General Motors, Hydromatic Warren Plant
23500 Mount Road
Warren, Michigan*
N
- 7-28-89
EFT
Comerica Bank - Detroit
Detroit, Michigan
The Madden Building
150 W. Jefferson
Detroit, Michigan*
N
- 7-28-89
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Type
Application
Y-2
Firstbank of Illinois Co.
Springfield, Illinois
City Bancorp of Bloomington-Normal, Inc.
Bloomington, Illinois
City Bank of Bloomington-Normal
Bloomington, Illinois*
FR - 2-16-90
N - 1-26-90
Y-2
Oxford Financial Corporation
Addison, Illinois
Hampton Park Corporation
Romeoville, Illinois
First Bank of Romeoville
Romeoville, Illinois*
FR - 2-26-90
N - **
Y-l
NBRC Company
Rockwell City, Iowa
The National Bank of Rockwell City
Rockwell City, Iowa*
FR - **
N - 2-23-90
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date
Type
Application
Y-2
Salin Bancshares of North Central
Indiana, Inc.
Indianapolis, Indiana
Logansport Bancorp, Inc.
Indianapolis, Indiana
The Farmers & Merchants State Bank
Logansport, Indiana*
FR - **
N - 2-26-90
Y-2
First Affiliated Bancorp, Inc.
Watseka, Illinois
Bancorp of Northwestern Indiana, Inc.
Goodland, Indiana
Goodland State Bank
Goodland, Indiana*
FR - 1-22-90
N - 2-24-90
Section III - Applications Subject to Federal Register Notice
only
Comment Period
Ending Date
lYEg
Application
4(c) ( )
Hasten Bancorp
Indianapolis, Indiana
Hasten Financial Services, Inc.
Indianapolis, Indiana
FR - 2-20-90
Y-l
First of America Bank Corporation
Kalamazoo, Michigan
Primebank, Federal Savings Bank
Grand Rapids, Michigan
FR - 2-26-90
4(c) ( )
Algemene Bank Nederland N.V.
Amsterdam, Netherland
ABN Capital Markets Corporation
New York, New York
FR - **
4(c) ( )
Mid Town Bancorp, Inc.
Chicago, Illinois
Mid Town Mortgage Corp.
Chicago, Illinois
FR - **
4(c)(8)
Irwin Union Corporation
Columbus, Indiana
Tippacanoe Mortgage Corporation
Lafayette, Indiana
FR - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date
Type
Application
Y-4
Salin Bancshares of North Central
Indiana, Inc.
Indianapolis, Indiana
Skyline Village, an Indiana Limited
Partnership
Corunna, Indiana
FR - **
4(c)(8)
Albany Bancshares, Inc.
Albany, Illinois
Engage de novo in sale of life, health
and annuity insurance
FR - **
Section IV - Applications Not Subject to Federal Register Notice
Or Newspaper Notice
Type
Application
RoS
Middletown Bancorp, Inc.
Middletown, 111inois
Purchase 265 shares of its common stock
N
FR
*
**
-
Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time
February 9, 1990
Federal Reserve Bank of St. Louis
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Comment Period Ending Date
^Section 3(a)(1) application by
Missouri Quad Bancshares, Inc.,
Kansas City, Missouri, to acquire
Quad County State Bank, Viburnum,
Missouri
(Not available)
-Section 3(a)(1) application by
Bumpushares, Inc., Atwood, Tennessee
to acquire Citizens Bank and Trust
Company, Atwood, Tennessee
(Not available)
^Section 3(a)(1) application by
Carlson Bancshares, Inc., West
Memphis, Arkansas, to acquire
Fidelity Bancorp, Inc., West
Memphis, Arkansas
(Newspaper 3-9-90)
-Section 3(a)(3) application by
AmeriFirst Bancorporation, Inc.,
Sikeston, Missouri, to acquire
AmeriFirst Bank, Cape Girardeau,
Missouri, a de novo bank
(Not available)
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Section 4(c)(8) application by
Arkansas Union Bancshares, Inc.,
Benton, Arkansas, to acquire
Benton Savings and Loan Association,
Benton, Arkansas
(Not available)
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Stock redemption notification by
Springfield Bankshares, Inc.,
Springfield, Kentucky
'-This application is subject to CRA.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
______ Newspaper Notice Only______
Comment Period
Ending Date
Application
Ronan State Bank
Ronan, MT
To establish a de novo branch
in Pablo, MT
3-4-90
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Mid-Wisconsin Financial Services, Inc.
Medford, WI
To acquire the North Holding Company, Inc.
Neillsville, WI*
Bank of Montana System
Great Falls, MT
To acquire Big Sky Bankshares, Inc.,
Great Falls, MT*
Comment Period
Ending Date
3-9-90
(Newspaper)
Not yet available
Northern Interstate Financial, Inc.
Norway, MI
To acquire First National Bank of
Norway, Norway, MI*
2-23-90
(Newspaper)
First National Bank in Grand Forks
Grand Forks, ND
To increase its ownership to 15.36%
of First National Corporation,
Grand Forks, ND
3-8-90
(Newspaper)
Barrett Bancorporation, Inc.
Barrett, MN
To acquire Citizens State Bank of
Barrett, Barrett, MN*
Not yet available
Taylor Bancshares, Inc.
North Mankato, MN
To acquire Farmers National Bank of
Minnesota Lake, Minnesota Lake, MN*
Not yet available
* Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Big Sioux Financial, Inc.
Estelline, SD
To engage de novo in income tax
return preparation.
Not yet available
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Wells-Foster Bankshares, Inc.
Carrington, ND
To redeem 30.7% of its voting
shares.
Federal Reserve Bank o f Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
COMMENT PERIOD E N D I N G DATE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
COMMENT PERIOD E N D I N G DATE
Donald Harrell, Leedey, Oklahoma,
Jimmy Harrell, Leedey, Oklahoma,
Graydon R. Lantz, Elk City,
Oklahoma, and Robert L. Newcomb,
Elk City, Oklahoma, for prior
approval for each to increase
their ownership interest in Western
O klahoma Bancshares, Inc., Elk City,
Oklahoma, from 16.13 percent to
25 percent.
Not Available
N o r m a n L. Nelson, Norton, Kansas,
for prior approval to acquire a
41.85 percent ownership interest
in N o r t o n Bankshares, Inc.,
Norton, Kansas ("Company” ),
N. T e r r y Nelson, Long Island,
Kansas, for prior approval to
acquire a 41.85 percent ownership
interest in Company, and Troy D.
Nelson, Lewis, Kansas, for prior
approval to acquire a 9.3 percent
o w n e r s h i p interest in Company.
Not Available
SECTION III - APPLICATIONS SUBJECT TO FEDERAL R E G I S T E R
NOTICE ONLY
APPL I C A T I O N
N o r t o n Bankshares, Inc., Norton,
Kansas, for prior approval to
a c q u i r e the assets of Rouse
Insurance Agency, Norton, Kansas,
and th e r e b y engage in selling
c r edit life, disability, or
invo l u n t a r y unemployment
insurance and insurance agency
ac t i v i t i e s in a town of less
t h a n 5,000 persons.
COMMENT PERIOD E N D I N G DATE
Not Available
Federal Reserve Bank o f Kansas City
SECTION IV - APPLICATIONS NOT SUBJECT TO F E DERAL REG I S T E R NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Western Oklahoma Bancshares,
I n c . , Elk City, Oklahoma,
for prior approval to
redeem 21,531 shares of its
own common stock.
Downs Bancshares, Inc., Downs,
Kansas, for prior approval to
redeem 1,000 shares of its
own outstanding common stock.
Norton B a n k s h a r e s , I n c .,
Norton, Kansas, for prior
approval to redeem 200,814
shares of its own voting
common capital stock.
♦Application is subject to CRA.
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 5, 1990
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
James F. Justiss, Jr., Trout, LA, to acquire an
interest in JBI Financial Corporation, Jena, LA
N/A
Change in Control Notice by
Ronald Samuels, Parker, TX; Dianna W. Skeeters,
Radcliff, KY; James W. Parker, Plano, TX; Jerry Dwight,
Richardson, TX; and Carl Eatherly, Plano, TX, to acquire
an interest in IB Bancshares, Inc., Plano, TX
N/A
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
NOTICE EXP
Section 4(c)(8) de novo notification by
ExTraCo Bankshares, Inc., Temple, TX, to engage in
the activity of making direct cash loans for directors
qualifying shares pursuant to Section 225.25(b)(1) of
Regulation Y.
N/A
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 2/09/90
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
First Interstate Bank of California, Los
Angeles, California, to establish a branch
at 21842 Hawthorne Boulevard, Torrance,
California. *
Newspaper;
3/05/90
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Bay Commercial Services Employee Stock
Ownership Plan, San Leandro, California, to
increase its ownership from 9.84 to 24.9
percent of Bay Commercial Services, San
Leandro, California.
Newspaper:
Not available
Fed. Rea.:
2/22/90
50th State Bancorporation, Honolulu, Hawaii,
to became a bank holding company through
the acquisition of 50th State Bank (In
Organization), Honolulu, Hawaii. *
Newspaper:
3/07/90
Fed. Rea.:
3/12/90
Security Pacific Corporation, Los Angeles,
California, to acquire 20 percent of Mitsui
Manufacturers Bank, Los Angeles, California. *
Newspaper:
2/09/90
Fed. Rea.:
3/12/90
Section III - Applications Subiect to Federal Reaister Notice Onlv
Redwood Empire Bancorp, Santa Rosa,
California, to acquire Allied Savings
Bank, F.S.B., Santa Rosa, California.
Fed. Rea.:
3/05/90
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
@FedFRASER