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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1984 No. 6
Actions of the Board; Applications and Reports
Received During the Week Ending February 11, 1984
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Statement by Chairman Paul A. Volcker before the
House Banking Committee to discuss the Federal
Reserve's monetary policy objectives for the year
ahead.
Statement by Chairman Paul A. Volcker before the
Joint Economic Committee to discuss monetary policy
within the context of recent and prospective economic
and financial developments.
Statement by Governor Nancy H. Teeters before the
Subcommittee on Consumer Affairs of the House
Banking Committee to present the views of the Board
of Governors on Cash Discounts and Surcharges under
the Truth in Lending Act.
Full Employment and Balanced Growth Act of 1978;
Monetary Policy Report to Congress.
The Federal Reserve Board announced a series of steps,
based on recommendations from its Consumer Advisory
Council to strengthen enforcement of the Community
Reinvestment Act.
The Federal Reserve Board has approved revised guidelines
for the provision of new or fit coin and currency by
Federal Reserve Banks to depository institutions.
The Federal Reserve Board announced adoption of rules to
implement several sections of the International
Lending Supervision Act of 1983.
Richmond
T7
CB&T Financial Corp., Fairmont, West Virginia, extension
of time to May 9, 1984, within which to become a bank
holding company through the acquisition of Community
Bank and Trust, National Association, Fairmont, West
Vi rginia. _]/
Application processed on behalf of the Board of Governors under
delegated authority.
H.?, 1984 No. 6
- 2 ACTIONS OF THE BOARD - Continued
Richmond
First National Bank of Maryland, Baltimore, Maryland,
proposed merger with Hampstead Bank of Carroll
County, Hampstead, Maryland; report to the Comp
troller of the Currency on competitive factors. 1/
Richmond
Southern National Bank of North Carolina, Lumberton,
North Carolina, proposed merger with Cherryville
National Bank, Cherryville, North Carolina; report
to the Comptroller of the Currency on competitive
factors. V
Richmond
Southern National Bank of North Carolina, Lumberton,
North Carolina, proposed merger with First National
Bank of Anson County, Wadesboro, North Carolina;
report to the Comptroller of the Currency on
competitive factors. ]_/
Richmond
First National Exchange Bank, Roanoke, Virginia,
proposed merger with First Bassett Bank & Trust,
Bassett, Virginia; report to the Comptroller of
the Currency on competitive factors. 1_/
Atlanta
Weatherford Foundation of Red Bay, Alabama, extension
of time to May 1, 1984, within which to become a
bank holding company through the acquisition of Bank
of Red Bay, Red Bay, Alabama. V
Atlanta
Clinton Bancshares, Inc., Clinton, Louisiana, extension
of time to May 4, 1984, within which to become a bank
holding company through the acquisition of Clinton
Bank & Trust Company, Clinton, Loulaiana. J_/
Atlanta
First National Bank of Athens, Athens, Georgia, proposed
merger with First National Bank of Madison, Madison,
Georgia; report to the Comptroller of the Currency
on competitive factors. 1_/
Atlanta
Pan American Bank, N.A., Miami, Florida, proposed merger
with Royal Trust Bank of Jacksonville, Jacksonville,
Florida; report to the Federal Deposit Insurance
Corporation on competitive factors. 1_/
Chicago
Port Byron State Bank, Port Byron, Illinois, an investment
in bank premises. ])
1/
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 6
- 3 ACTIONS OF THE BOARD - Continued
Chicago
Banks of Iowa, Inc., Des Moines, Iowa, extension of
time to April 12, 1984, within which to acquire
100 percent of Reed Street Company, Inc., Red
Oak, Iowa, and thereby indirectly acquiring 100
percent of The Montgomery County National Bank
of Red Oak, Red Oak, Iowa. V
Chicago
Banks of Iowa, Inc., Des Moines, Iowa, extension of
time to April 12, 1984, within which to acquire 90
percent or more of the voting shares of Henry County
Savings Bank, Mount Pleasant, Iowa. 1/
Chicago
Home State Bancorp, Inc., Crystal Lake, Illinois,
extension of time to May 3, 1984, within which to
become a bank holding company through the acquisition
of 80 percent or more of the voting shares of Home
State Bank of Crystal Lake, Crystal Lake, Illinois. 1/
Chicago
F.A.B. BANCORP, INC., Aurora, Illinois, extension of
time to March 29, 1984, 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 American Bank of Aurora, Aurora, Illinois. ]_/
Chicago
Mid-Southern Indiana Bancorp, Seymour, Indiana, extension
of time to May 23, 1984, within which to become a bank
holding company through the acquisition of the successor
by merger to The Seymour National Bank, Seymour, Indiana. 1/
St. Louis
Murphysboro Corp., Murphysboro, Illinois, extension of
time to May 8, 1984, within which to acquire The First
National Bank of Grand Tower, Grand Tower, Illinois. ]_/
St. Louis
Farmers Investment Corporation, Little Rock, Arkansas,
extension of time to February 29, 1984, within which
to become a bank holding company through the acquisition
of The Farmers Bank and Trust Company, Clarksville,
Arkansas. 1/
St. Louis
Tallahatchie County Bank, Charleston, Mississippi, proposal
to merge with Tallahatchie County Interim Bank, Charleston,
Mississippi; report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
J_/
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 6
- 4 ACTIONS OF THE BOARD - Continued
St. Louis
Cape County Bank, Jackson, Missouri, proposal to merge
with Cape Bank, Jackson, Missouri; report to the
Federal Deposit Insurance Corporation on competitive
factors. V
St. Louis
Boatmen's Bank of St. Louis County, Clayton, Missouri,
proposal to merge with Boatmen's West Port Bank, St.
Louis County, Missouri; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
Kansas City
National Bank
proposal to
Alamos, New
Currency on
Kansas City
ABC Bancshares, Inc., McAlester, Oklahoma, extension
of time to March 25, 1984, within which to acquire
Wilburton State Bancshares, Inc., Wi1burton, Oklahoma. 1/
Kansas City
Central Bancorporation, Inc., Central Colorado Company,
and C.C.B., Inc., all of Denver, Colorado, extension
of time to May 2, 1984, within which to acquire Central
Bank at Highlands Ranch, N.A., Arapahoe County,
Colorado, a proposed new bank. J/
San
Francisco
Trans-Pacific Bancorp, San Francisco, California, extension
of time to May 9, 1984, within which to become a bank
holding company through the acquisition of Trans
pacific National Bank, San Francisco, California, a proposed
new bank. 1_/
San
Francisco
Bear River State Bank of Tremonton, Tremonton, Utah, pro
posed merger with and into Commercial Security Bank,
Ogden, Utah, under the charter and with the title of
the latter; report to the Federal Deposit Insurance
corporation on competitive factors. V
San
Francisco
American Asian Bank, San Francisco, California, proposed
merger with Toronto Dominion Bank of California, San
Francisco, California, under the charter and with the
title of American Asian Bank; report to the Federal
Deposit Insurance Corporation on competitive factors. J_/
San
Francisco
Landmark Bank, La Habra, California, proposed acquisition
of assets and assumption of deposit liabilities of the
Lake Forest branch of Heritage Bank, Anaheim, California;
report to the Federal Deposit Insurance Corporation on
competitive factors. 1/
V
of Los Alamos, Los Alamos, New Mexico,
merge with Los Alamos National Bank, Los
Mexico; report to the Comptroller of the
competitive factors. _]_/
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 6
- 5 ACTIONS OF THE BOARD - Continued
San
Franci sco
1/
Northrop Credit Union, Hawthorne, California, deregis
tration under Regulation G. 1/
Application processed on behalf of the Board of Governors under
delegated authority.
H.2,,,1984 No. 6
- 6 ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Chicago
St. Louis
Approved
Michigan Bank - Port Huron, Port Huron, Michigan. To
establish an EFT at American Motors Corporation,
14250 Plymouth Road, Detroit, Michigan. _]_/
Farmers State Bank of Sullivan, Sullivan, Indiana. To
establish a branch at the northeast corner of Main
and Highway 41, Sullivan County, Farmersburg, Indiana. 1/
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Ri chmond
Approved
First Virginia Bank - Citizens, Clintwood, Virginia. V
Atlanta
Broward Interim Bank, Lauderdale Lakes, Florida. J_/
* * * * *
To Merge Pursuant to Section 18(c) of the
______ Federal Deposit Insurance Act______
Richmond
At!anta
Approved
First Virginia Bank— Citizens, Clintwood, Virginia, to
merge with Virginia Citizens Bank, Clintwood, Virginia.
Broward Interim Bank, Lauderdale Lakes, Florida, to merge
with Broward Bank, Lauderdale Lakes, Florida. 1/
* * * * *
]_/
Application processed on behalf of the Board of Governors under
delegated authority.
]_/
H.2, 1984 No. 6
7
ACTIONS OF THE BOARD - Continued
Applications and Notifications for International
Investments and Other Actions Pursuant to Section 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9), 4(c)(13) and 4(c)(14)
________ of the Bank Holding Company Act of 1956, as amended____________
New York
Sixty-Day Notification Period Allowed to Expire
Chase Mahattan Overseas Banking Corporation, Newark,
Delaware: no objection to acquire additional shares
of Nederlandse Credietbank N.V., Amsterdam, The
Netherlands.
* ★ ★ ★ ★
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Richmond
Philadelphia
Withdrawn
Northeast Bancorp, Inc., Wilmington, Delaware, for
approval to acquire 80 percent of the voting shares of
First National Bank of North East, North East, Maryland.
Approved
Penn Central Bancorp, Inc., Huntingdon, Pennsylvania,
for approval to acquire 100 percent of the voting
shares of Penn Central National Bank, Huntingdon,
Pennsylvania. 1/
Philadelphia
Southern Jersey Bancorp, Bridgeton, New Jersey, for
approval to acquire at least 80 percent of the
voting shares of The Farmers and Merchants National
Bank of Bridgeton, Bridgeton, New Jersey. 1/
Atlante
Broward Bancorp, Lauderdale Lakes, Florida, for approval
to acquire 100 percent of the voting shares of Broward
Bank, Lauderdale Lakes, Florida. 1/
Atlanta
F. A. Bankshares, Inc., Monroe, Georgia, for approval
to acquire 100 percent of the voting shares of First
American Bank of Walton, Monroe, Georgia. 1/
Atlanta
First Farmers Bancshares, Inc., Portland, Tennessee,
for approval to acquire at least 80 percent of the
voting shares of The Farmers Bank, Portland, Tennessee.
]_/
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 6
- 8 ACTIONS OF THE BOARD - Continued
Chicago
G.S.B. Financial Corporation, Garrett, Indiana, for
approval to acquire 100 percent of the voting
shares of The Garrett State Bank, Garrett, Indiana.
]_/
Chicago
Premier Bancorporation, Inc., Libertyvi11e, Illinois,
for approval to acquire at least 96.29 percent or
more of the voting shares of Golf Mill State Bank,
Niles, Illinois, 95.96 percent of Grayslake
National Bank, Grayslake, Illinois, 95.57 percent
or more of Libertyville National Bank, Libertyville,
Illinois, 98.50 percent or more of First National
Bank of Mundelein, Mundelein, Illinois, and 75.05
percent or more of The Premier Bank of Vernon Hills,
Vernon Hills, Illinois. ]_/
St. Louis
Bancshares of Ripley, Inc., Ripley, Tennessee, for
approval to acquire at least 80 percent of the voting
shares of Bank of Ripley, Ripley, Tennessee. J_/
St. Louis
Bootheel Bancorp, Inc., Bernie, Missouri, for approval to
acquire at least 99.3 percent of the voting shares of State
Bank of Bernie, Bernie, Missouri.
St. Louis
E. & D. Bancshares, Inc., Mendon, Illinois, for approval
to acquire at least 87.5 percent of the voting shares
of Mendon State Bank, Mendon, Illinois. 1_/
St. Louis
Farmers Bancorp of Sturgis, Inc., Sturgis, Kentucky, for
approval to acquire at least 80 percent of the voting shares
of the Farmers State Bank, Sturgis, Kentucky. _]_/
St. Louis
First Breckinridge Bancshares, Inc., Irvington, Kentucky,
for approval to acquire at least 80 percent of the voting
shares of First State Bank, Irvington, Kentucky. J_/
St. Louis
Maries County Bancorp, Inc., Vienna, Missouri, for approval
to acquire at least 83.13 percent of Maries County Bank,
Vienna, Missouri and 97.88 percent of Belle State Bank,
Belle, Missouri. \J
St. Louis
Moscow Bancshares, Inc., Moscow, Tennessee, for approval to
acquire 100 percent of the voting shares of the successor
by merger to Moscow Savings Bank, Moscow, Tennessee. J/
St. Louis
Saline Bancorp., Inc., Harrisburg, Illinois, for approval
to acquire at least 81.80 percent of the voting shares
of The Bank of Harrisburg, Harrisburg, Illinois, }J
1/
—
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 6
- 9 ACTIONS OF THE BOARD - Continued
St. Louis
Semo Bancshares, Inc., Malden, Missouri, for approval
to acquire 99.1 percent of the voting shares (less
directors' qualifying shares) of Malden State Bank,
Mai d e n , Mi ssouri.
Minneapolis
Eden Valley Bancshares, Inc., Eden Valley, Minnesota,
for approval to acquire 100 percent of the voting
shares of State Bank in Eden Valley, Eden Valley,
Mi nnesota. 1_/
Kansas City
National Bancshares, Inc., Oklahoma City, Oklahoma, for
approval to acquire 80 percent of the voting shares
of American National Bancshares, Inc., Midwest City,
Oklahoma, and indirectly American National Bank
of Midwest City, Midwest City, Oklahoma. J_/
Kansas City
Warrensburg Bancshares, Inc., Chillicothe, Missouri, for
approval to acquire 100 percent of the voting common
shares of Community Bank of Warrensburg, Warrensburg,
Missouri, a proposed new bank. 1/
Dallas
Spring Woods Bancshares, Inc., Houston, Texas, for approval
to acquire at least 80 percent of the voting shares of
Spring Woods Bank, Houston, Texas. 1/
San
Francisco
Pacific Capital Bancorp, Monterey, California, for approval
to acquire 100 percent of the voting shares of First
National Bank of Monterey County, Monterey, California,
a proposed new bank. ]_/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Richmond
Atlanta
Approved
First Virginia Banks, Inc., Falls Church, Virginia, for
approval to acquire 100 percent of the voting shares
of the First Virginia Bank— Citizens, Clintwood,
Virginia, a proposed new bank. ]/
Banco Zaragozano, S.A., Madrid, Spain; Banzano International,
N.V., Curacao, Netherlands Antilles; Banzano, B.V.,
Amsterdam, Netherlands; and Miami National Bancorp,
Coral Gables, Florida, for approval to acquire 89.7 percent
of the voting shares of International Bank of Miami, N.A.,
Mi ami, Florida. 1/
T 7 A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 6
- 10 ACTIONS OF THE BOARD - Continued
Atlanta
Northern of Tennessee Corp., Clarksville, Tennessee,
for approval to vote 93.01 percent of the voting
common shares and 100 percent of the Class A
Preferred shares of First Southern Bank, Mt.
Juliet, Tennessee. J_/
Chicago
COUNTY BANKSHARES, INC., Blue Island, Illinois, for
approval to acquire 100 percent of the voting shares
of Heritage Bank of Oak Lawn, Oak Lawn, Illinois. J_/
Chicago
Keystone Bancshares, Inc., Kankakee, Illinois, for
approval to acquire at least 80 percent of the voting
shares of Illinois Trust & Savings Bank, Ottawa,
11 linois. ]_/
Chicago
Second National Corporation, Richmond, Indiana, for
approval to acquire at least 94.89 percent of the
voting shares of Bentonville State Bank, Bentonville,
Indiana. V
St. Louis
First American Bancshares, Inc., North Little Rock,
Arkansas, for approval to acquire at least 93.95
percent of the voting shares of Grand National Bank,
Hot Springs, Arkansas. }J
Kansas City
Lexington Bancshares, Inc., Lexington, Nebraska, for
approval to acquire at least 49.96 percent of the
voting shares of Seven V Banco, Inc., Callaway,
Nebraska, and indirectly Seven Valleys State Bank,
Callaway, Nebraska. ]_/
Kansas City
Valley Bank Holding Company, Security, Colorado, for
approval to acquire at least 58.6 percent of the
voting shares of Mountain National Bank, Woodland
Park, Colorado. 1_/
Dallas
First of Austin Bancshares, Inc., Austin, Texas, for
approval to acquire 100 percent of the voting shares
of First National Bank, Austin, Texas, a proposed new
bank. ]_/
Dal 1 as
Northside Financial Corporation, San Antonio, Texas,
for approval to acquire 100 percent of the voting
shares of Northwest Bank, N.A., San Antonio, Texas,
a proposed new bank. 1/
* * * * *
1_/
Application processed on behalf of the Board of Governors under
delegated authority.
11 -
H.2, 1984 No. 6
ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Kansas City
Approved
Central Service Corporation, Enid, Oklahoma, for
approval to merge with Nichols Hills Bancorporation,
Inc., Oklahoma City, Oklahoma and indirectly acquire
Nichols Hills Bank, Nichols Hills, Oklahoma.
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to
Section 4(c)(8) of the Bank Holding Company Act of 1956
Philadelphia
Chicago
Withdrawn
Bank of Delaware Corporation, Wilmington, Delaware, notifi
cation of intent to engage in de novo activities (in
consumer and commercial finance activities, including
the purchase of retail installment contracts and second
mortgages, the extension of direct loans to dealers
for the financing of inventory [floor planning] and
working capital purposes and acting as agent for place
ment of life, accident and health insurance related to
its extensions of credit) these activities would be
conducted in the Commonwealth of Pennsylvania, through
its subsidiary, R & R Acceptance, Inc. (2/9/84)
Michigan National Corporation, Bloomfield Hills,
Michigan, notification of intent to engage in
de novo activities (through its proposed
Electronic Systems and Operations Division, in
providing bookkeeping and/or data processing
services, providing and maintaining data and
facilities for the internal operations of the
holding company and its subsidiaries; storing
and processing other banking, financial or
related economic data, such as payroll, accounts
receivable/payable, trust and fiduciary accounting,
credit card authorization, including processing,
accounting, data transmissions/settlement, and
related services, and providing consultation with
respect to such services to the holding company,
its subsidiaries, customers of those subsidiaries,
correspondents, non-affi1iated financial institutions
and others on an indirect and direct contract basis;
H.2, 1984 No. 6
- 12 ACTIONS OF THE BOARD - Continued
providing other data processing and transmission
services, facilities, data bases or access to
such services, facilities, data bases by any
technologically feasible means for banking, financial
or economic data; selling by-products of permissible
data processing activities; providing excess
capacity on data processing and transmission facilities;
providing, for a fee, data processing and data trans
mission hardware and software and acting as agent,
broker or advisor in obtaining or providing equipment
to the extent required to support the previously
mentioned activities) these activities will be
performed in the State of Michigan (2/9/84)
New York
Approved
Citicorp, New York, New York, for approval to establish
a de novo subsidiary, Citicorp Financial Services
Corporation, to engage in the activities of an
industrial bank through offices in Madison, Memphis,
Nashville and Knoxville, Tennessee.
Philadelphia
CoreStates Financial Corp., Philadelphia, Pennsylvania,
for approval to acquire through signal Financial
Corporation, its indirect subsidiary, certain assets
of Sterling Finance Corporation, East Aurora, New
York, ]_/
Cleveland
Mellon National Corporation, Pittsburgh, Pennsylvania,
for approval to acquire, through its subsidiary, Mellon
Financial Services Corporation, Northglenn Industrial
Bank, Inc., Northglenn, Colorado.
Cleveland
PNC Financial Corp, Pittsburgh, Pennsylvania, for approval
to acquire at least 51 percent of the voting shares
of LeMans Group, Ltd., Lancaster, Pennsylvania,
through its wholly-owned subsidiary, Provident
National Investment Corporation. 1_/
Richmond
First Union Corporation, Charlotte, North Carolina, for
approval to acquire 100 percent of the voting shares
of Salem Securities, Inc., Winston-Salem, North
Carolina. 1/
V
Applicati m processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 6
13
ACTIONS OF THE BOARD - Continued
Mi nneapolis
National City Bancorporation, Minneapolis, Minnesota,
for approval to acquire assets of a going concern,
Diversified Discount and Acceptance Corporation,
Minneapolis, Minnesota. ]_/
Kansas City
Coronado, Inc., Sterling, Kansas, for approval to
expand the general insurance agency activities of
its subsidiary, The Farmers State Agency, Inc., Sterling,
Kansas, through the acquisition of assets from Landmark
Federal Savings Association, Dodge City, Kansas,
related to the insurance business conducted in the
Sterling, Kansas, trade area. 1/
Dallas
1J
Delayed
Bankers Southwest Corporation, Dallas, Texas, notifi
cation of intent to engage in de novo activities
(in acting as an investment and financial advisor to the
extent of furnishing general economic information and
advice, general economic statistical forecasting
services and industry studies as well as providing
portfolio investment advice to any other person and
serving as an advisory company for a mortgage or real
estate investment trust; providing bookkeeping and
data processing for the internal operations of Bankers
Southwest Corporation, its subsidiaries, and for others
pursuant to 225.4(a)(8); leasing personal and real
property or acting as an agent, broker, or advisor in
leasing such property pursuant to 225.4(a)(6)(a) and
(b)) at 1304 Elm Street, Dallas, Texas and One
Financial Center, 800 Ferris Avenue, Waxahachie, Texas,
the service area to be served shall be the state of
Texas, for all activities referred to hereinabove;
the non-banking activities shall be performed by
both the Dallas and Waxahachie, Texas, offices, through
its subsidiary, American Southwest Corporation (2/8/84)
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1984 No. 6
14
ACTIONS OF THE BOARD - Continued
Boston
Permitted
RIHT Financial Corporation, Providence, Rhode Island,
notification of intent to engage in de novo activities
(in the origination, sale and servicing of residential
and commercial mortgage loans) at Whooping Loop Lane,
Crane's Roost Office Park, Phase II, Altamonte Springs,
Florida, the service area for the proposed activities
would be northern Florida, through its subsidiary,
RIHT Mortgage Corporation (2/10/84) 3/
New York
Midi antic Banks Inc., Edison, New Jersey, requests per
mission to establish a de novo office engaging in the
following activities ((77 acquiring for its account
or the accounts of others, loans and other extensions
of credit as would normally be acquired by a factoring
company of its type; (2) leasing personal property
and equipment on a full payment basis, or acting as
agent, broker or advisor in the leasing thereof;
and (3) servicing loans, and other extensions of
credit for any person) at 1460 Broadway, New York,
New York, through its subsidiary, Midlantic Commercial
Co. (2/10/84) 3/
Cleveland
Mellon National Corporation, Pittsburgh, Pennsylvania,
notification of intent to expand the scope of
de novo activities (the solicitation of loan business
on behalf of Applicant's banking and nonbanking sub
sidiaries) at 551 Madison Avenue, New York, New York,
serving the State of New York through its subsidiary,
Mellon Financial Services Corporation #2 (2/11/84) 3/
Cl eve!and
Mellon National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(commercial lending including accounts receivable and
inventory financing, and permissible personal property
leasing, including acting as agent, broker, or
adviser in leasing such property) at Mark Twain Building,
Third Floor, 10401 Holmes Road, Kansas City, Missouri,
through its subsidiary, Mellon Financial Services
Corporation (2/11/84) 3/
Richmond
NCNB Corporation, Charlotte, North Carolina, notification
of intent to engage in de novo activities (making
direct loans for consumer and other purposes, pur
chasing retail installment notes and contracts,
selling at retail money orders having a face value
of not more than $1,000 and acting as agent for
77
—
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1984 No. 6
15
ACTIONS OF THE BOARD - Continued
the sale of credit life, credit accident and health
and physical damage insurance directly related to
its extensions of credit, through its subsidiary,
TranSouth Financial Corporation; and making direct
loans for consumer and other purposes under the
general usury statutes, purchasing retail installment
notes and contracts, making direct loans to dealers
for financing of inventory [floor planning] and
working capital purposes and acting as agent for
the sale of credit life, credit accident and
health and physical damage insurance directly
related to its extensions of credit, through its
subsidiary, TranSouth Mortgage Corporation) at 803
Highway 64-70 Southwest, Hickory, North Carolina
(2/5/84) 3/
Richmond
Northwestern Financial Corporation, North Wilkesboro,
North Carolina, notification of intent to engage
in de novo activities (making, acquiring and
servicing first mortgage loans such as would be
made by a mortgage banking company) at 3414
Ashley Phosphate Road, North Charleston, South
Carolina; Myrtle Beach, South Carolina and
Hickory, North Carolina, through its subsidiary,
Northwestern Mortgage Corporation (2/9/84) 3/
Richmond
Equitable Bancorporation and its parent organization,
The Maybaco Company, Baltimore, Maryland, notification
of intent to engage in de novo activities (originating,
purchasing, selling and servicing loans to third
parties secured by real estate) at 1122 Kenilworth
Drive, Towson, Maryland and 555 City Line Avenue,
Bala-Cynwyd, Pennsylvania, through a subsidiary,
E. B. Mortgage Corporation (2/9/84) 3/
Atlanta
Flint Bancshares, Inc., Cordele, Georgia, notification
of intent to engage in de novo activities (in pur
chasing loans on a non-recourse basis) at 1620 Sixteenth
Avenue, East, Cordele, Georgia, through its subsidiary,
Cordele Banking company (2/7/84) 3J
Chicago
First Illinois Corporation, Evanston, Illinois,
notification of intent to engage in de novo
activities (in making and acquiring for its own
account or for the account of others, loans and other
extensions of credit such as would be made by a con
sumer finance company; and acting as agent for the
37
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1984 No. 6
- 16 ACTIONS OF THE BOARD - Continued
sale of credit life, accident and health and property
insurance directly related to its extensions of
credit) these activities would be performed in the
State of Illinois, Florida, Georgia, Kansas, Kentucky,
Louisiana, North Carolina, Oklahoma, Texas and Virginia,
through its subsidiary, First Illinois Finance Company
(2/7/84) 3/
St. Louis
Republic Bancorp, Inc., Louisville, Kentucky,
notification of intent to engage in de novo activities
(in providing data processing and data transmission
services, facilities [including data processing
documentation and operating personnel]) at 2801 Bardstown
Road, Louisville, Kentucky, serving the Metropolitan
Louisville, Jefferson County, Kentucky area and
surrounding counties, through its subsidiary, Eagle
Processing, Inc. (2/8/84) 3/
Minneapolis
Norwest Corporation, Minneapolis, Minnesota, notification
of intent to relocate de novo activities (in the
activities of consumer finance, sales finance and
commercial finance, the sale of credit life, credit
accident and health and property and credit-related
casualty insurance related to extensions of credit
by those companies [such sale of credit-related
insurance being a permissible activity under Subparagraph D of Title VI of the Garn-St Germain
Depository Institutions Act of 1982] and the offering
for sale and selling of travelers checks) from
790 New Holland Avenue, Lancaster, Pennsylvania to
1834 Oregon Pike, Lancaster, Pennsylvania, serving
Lancaster, Pennsylvania, through its subsidiaries,
Norwest Financial America, Inc. and Norwest Financial
Consumer Discount Company and from 10559 S.E. Price-Fuller
Road, Portland Oregon to 8800 Bldg., Room 101, 8800 S. E.
Sunnyside Road, Clackamus, Oregon, serving Clackamus,
Oregon, other nearby suburbs of Portland, Oregon, and
Portland, Oregon, through its subsidiary, Norwest
Financial System Oregon, Inc. (2/10/84) 3/
Minneapolis
Norwest Corporation, Minneapolis, Minnesota, notification
of intent to relocate de novo activities (in the
activities of consumer finance, sales finance and
commercial finance, the sale of credit life, credit
accident and health and property and credit-related
casualty insurance related to extensions of credit
by those companies [such sale of credit-related
37
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1984 No. 6
- 17 ACTIONS OF THE BOARD - Continued
insurance being a permissible activity under Subparagraph D of Title VI of the Garn-St Germain
Depository Institutions Act of 1982) and the offering
for sale and selling of travelers checks) from 39443946 Davie Boulevard, Fort Lauderdale, Florida to
Lakeside Plaza, 5413 North State Road 7, Tamarac,
Florida, serving Tamarac, Florida and other nearby
suburbs of Fort Lauderdale, Florida, and from 6681
Arlington Road, Jacksonville, Florida to 9394
Arlington Expressway, Regency Court Shopping Center,
Jacksonville, Florida, through its subsidiaries,
Norwest Financial Florida, Inc., Norwest Financial
Credit Services, Inc. and Norwest Financial America,
Inc. (2/10/84) 3/
Kansas City
FirstBank Holding Company of Colorado, Lakewood,
Colorado, notification of intent to engage in de novo
activities (in the activity of underwriting, as
reinsurer, credit life and credit disability insurance
which is directly related to extensions of credit by
the credit extending affiliates of FirstBank Holding
Company of Colorado) at 1421 East Thomas Road, Phoenix,
Arizona, through its subsidiary, Colorado FirstBank
Life Insurance Company (2/6/84) 3/
Dallas
Bank Securities, Inc., Albuquerque, New Mexico, notification
of intent to engage in de novo activities (in data
processing and transmission services, facilities, data
bases, or access to such services, facilities, or data
bases by any technologically feasible means)
(2/10/84) V
Dallas
Citizens-Texas Banc Shares, Inc., Buffalo, Texas,
notification of intent to engage in de novo
activities (in mortgage company activities, including
the origination and acquisition of single family,
multi-family and commercial loans, the sale of loans
on secondary markets and the servicing of real estate
loans) these activities would be conducted in central
Texas, through its subsidiary, Citizens Diversified
Mortgages, Inc. (2/11/84) 3/
Dallas
Helotes Bancshares, Inc., Helotes, Texas, notification of
intent to engage in de novo activities (in the under
writing of credit liTe insurance and credit accident
and health insurance directly related to extensions
of credit by Helotes State Bank, a Texas banking
association and wholly-owned subsidiary of Helotes
3/
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1984 No. 6
18 ACTIONS OF THE BOARD - Continued
Bancshares, Inc.) these activities would be performed
in the State of Texas, through its subsidiary,
Southern Sun Life Insurance Company (2/10/84) V
Dal las
Unicorp Bancshares, Inc., Houston, Texas, notification
of intent to engage in de novo activities (in data
processing activities, including the provision of
data processing services, data transmission services,
data bases and facilities for the internal operation
of Unicorp Bancshares, Inc., and its subsidiaries and
the provision of data processing and data transmission
services for financial, banking or economic data to
other financial and nonfinancial institutions) these
activities would be conducted in the State of Texas,
through its subsidiary, Unicorp Services, Inc. (2/10/84)
San
Francisco
BankAmerica Corporation, San Francisco, California,
notification of intent to expand de novo activities
(in the activity of underwriter, initially as
reinsurer, to the extent permitted by relevant state
law, for credit-related life insurance and creditrelated accident and health insurance which is
directly related to extensions of credit by BankAmerica
Corporation and its nonbank subsidiaries; these
activities are permitted pursuant to Section 601(A) of
Title VI of the Garn-St Germain Depository Institutions
Act of 1982) in San Francisco, California, through its
subsidiary, BA Insurance Company, Inc. (a California
corporation) (2/6/84) 3/
San
Francisco
BankAmerica Corporation, San Francisco, California,
notification of intent to expand de novo activities
(making or acquiring for its own account of loans and
other extensions of credit such as would be made
or acquired by a finance company; servicing loans
and other extensions of credit; and offering creditrelated life insurance and credit-related accident
and health insurance; credit-related property insurance
will be offered only in Pennsylvania, the aforementioned
types of credit-related insurance are permissible
under Section 4(c)(8)(D) of the Bank Holding Company
Act of 1956, as amended by the Garn-St Germain Depository
Institutions Act of 1982 and Section 2 of the Pennsylvania
Act of the General Assembly 1974 (P. L. 1148, No. 365
(40 P. S. 281)) with respect to credit-related property
insurance; such activities will include, but not be
37
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
y
H.2, 1984 No. 6
19
ACTIONS OF THE BOARD - Continued
limited to, making consumer installment loans, pur
chasing installment sales finance contracts, making
loans and other extensions of credit to consumers
and businesses, making loans and other extensions of
credit secured by real and personal property, and
offering credit-related life, credit-related accident
and health and credit-related property insurance
directly related to extensions of credit made or
acquired by FinanceAmerica Consumer Discount Company;
credit-related life and credit-related accident and
health insurance may be reinsured in the States of
Pennsylvania, New Jersey and Delaware by BA Insurance
Company, Inc., an affiliate of FinanceAmerica Consumer
Discount) these activities will be conducted from
seven existing Pennsylvania offices; the Bensalem,
Springfield and two Philadelphia offices will each
serve the entire States of Pennsylvania and New
Jersey; The Erie office will serve the additional
State of New York; the West Chester office will serve
the entire States of Pennsylvania and Delaware and the
Wilkes-Barre office will serve the entire State of
Pennsylvania, through its subsidiary, FinanceAmerica
Consumer Discount Company (a Pennsylvania corporation)
(2/6/84) 3/
San
Francisco
37
BankAmerica Corporation, San Francisco, California,
notification of intent to expand de novo activities
(making or acquiring for its own account of loans and
other extensions of credit such as would be made or
acquired by a finance company; servicing loans and
other extensions of credit; and offering credit-related
life insurance and credit-related accident and health
insurance; the aforementioned types of credit-related
insurance are permissible under Section 4(c)(8)(A) of
the Bank Holding Company Act of 1956, as amended by the
Garn-St Germain Depository Institutions Act of 1982;
such activities will include, but not be limited to,
purchasing installment sales finance contracts, making
loans and other extensions of credit to consumers
and businesses, making loans secured by real and
personal property and offering credit-related life
insurance and credit-related accident and health
insurance directly related to extensions of credit made
or acquired by the above corporation; credit-related
life and credit-related accident and health insurance
may be reinsured by BA Insurance Company, Inc., an
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1984 No. 6
- 20 ACTIONS OF THE BOARD - Continued
affiliate of FinanceAmerica Corporation) in South
Bend, Indiana, serving the entire States of Indiana
and Michigan, through its subsidiary, FinanceAmerica
Corporation (an Indiana corporation)
(2/11/84) 3J
San
Francisco
Empire Bancorp, Rancho Cucamonga, California, notifi
cation of intent to engage in de novo activities
(acting as and performing the "function of an escrow
agent in San Bernardino and Los Angeles counties and
the surrounding areas) at 213 East Badillo Street,
Covina, California, through its subsidiary, Haven
Escrow Company, Inc. (2/10/84) 3/
San
Francisco
Security Pacific Corporation, Los Angeles, California,
notification of intent to engage in de novo activities
(in financing, leasing and servicing activities
with respect to personal property and equipment and
real property) in Cincinnati, Ohio, serving the
Unites States, through its subsidiary, Security
Pacific Leasing Corporation (2/5/84) 3/
San
Francisco
Viejo Bancorp, Mission Viejo, California, notification
of intent to engage in de novo activities (in pro
viding services as an escrow agent in escrow trans
actions as permitted by Regulation Y (12 CFR, Section
225.4(a)(4)) in Mission Viejo, California, serving
the entire State of California, through its subsidiary,
Viejo Escrow Corporation (2/5/84) 3/
San
Francisco
Wells Fargo & Company, San Francisco, California,
notification of intent to engage in de novo
activities (in making or acquiring loans and other
extensions of credit, including consumer installment
loans originated by others and commercial loans
secured by a borrower's or guarantor's assets;
servicing loans for the account of others; making
full pay-out leases of personal property; and acting
as agent for credit life or accident and health
insurance related to its extensions of credit in
accordance with the Board's Regulation Y and Title VI
of the Garn-St Germain Depository Institutions Act
of 1982) in Scottsdale, Arizona, serving Alabama,
Alaska, Arizona, Arkansas, California, Connecticut,
Delaware, Florida, Georgia, Hawaii, Idaho, Illinois,
Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,
Massachusetts, Michigan, Minnesota, Mississippi,
Missouri, Montana, Nebraska, Nevada, New Hampshire,
New Jersey, New Mexico, New York, North Carolina,
37
~
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1984 No. 6
- 21
ACTIONS Oh THE BOARD - Continued
North Dakota, Ohio, Oregon, Pennsylvania, Rhode
Island, South Carolina, South Dakota, Tennessee,
Utah, Vermont, Washington, West Virginia, Wisconsin,
and Wyoming, through its subsidiary, Wells Fargo
Credit Corporation (2/6/84) 3/
Application to the Board of Governors of the
Federal Reserve System for Prior Approval of an
Acquisition Pursuant to Section 5(b) of the
Bank Service Corporation Act, as Amended
Chicago
Approved
American Fletcher National Bank and Trust Company,
Indianapolis, Indiana, for approval to acquire
one-third of the voting shares of a bank service
corporation, AIM Bank Service Corporation,
Indianapolis, Indiana, a joint venture to provide
back-up data processing facilities and services to
Banks and to other banking and nonbanking entities.
Chicago
Indiana National Bank, Indianapolis, Indiana, for
approval to acquire one-third of the voting shares
of a bank service corporation, AIM Bank Service
Corporation, Indianapolis, Indiana, a joint venture to
provide back-up data processing facilities and services
to Banks and to other banking and nonbanking entities.
Chicago
Merchants National Bank and Trust Company, Indianapolis,
Indiana, for approval to acquire one-third of the
voting shares of a bank service corporation, AIM Bank
Service Corporation, Indianapolis, Indiana, a joint
venture to provide back-up data prucebsiiiy facilities
and services to Banks and to other banking and nonbanking
entities.
★ ★ ★ * *
Agreements Filed Pursuant to Section 8 of the
_______ Securities Exchange Act of 1934_______
Kansas City
Mark Twain Bank Noland, Independence, Missouri, has
filed an agreement with the Federal Reserve Bank of
Kansas City (which is authorized to accept such
agreements on behalf of the Board of Governors under
delegated authority) undertaking to comply with
all provisions which relate to the use of credit to
finance transactions in securities.
San
Franci sco
Barclays Bank of California, San Francisco, California
has filed an agreement with the Federal Reserve Bank
of San Francisco (which is authorized to accept such
agreements on behalf of the Board of Governors under
delegated authority) undertaking to comply with
all provisions which relate to the use of credit to
finance transactions in securities.
H.2, 1984 No. 6
- 22 APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
San
Franci sco
San
Franci sco
Union Bank, Los Angeles, California. To establish a
branch office to be located in the vicinity of 18300
Von Karman, City of Irvine, Orange County, California.
Valley Bank of Nevada, Las Vegas, Nevada. To establish
the following branch offices: West Oakey and Western
Avenue, City of Las Vegas, Clark County, Nevada;
Eastern Avenue and Sahara Avenue, City of Las Vegas,
Clark County, Nevada; Cheyenne Avenue and Civic
Center, City of North Las Vegas, Clark County,
Nevada; Boulder Highway and Harmon Avenue, East Las
Vegas Town, Clark County, Nevada; Cheyenne Avenue
and Tonopah Highway, City of North Las Vegas, Clark
County, Nevada. 2/
★
★
★
★
★
To Merge Pursuant to Section 18(c) of the
______ Federal Deposit Insurance Act______
Richmond
First Virginia Bank - Colonial, Richmond, Virginia. To
merge with The Women's Bank, Richmond, Virginia, y
Richmond
Farmers & Merchants Bank, Timberville, Virginia, to
merge with Farmers and Merchants Bank of Rockingham,
Timberville, Virginia. 2/
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Richmond
Farmers & Merchants Bank, Timberville, Virginia. 2/
* * * * *
y
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.
2/
23 -
H.2, 1984 No. 6
APPLICATIONS RECEIVED - Continued
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9), 4(c)(13) and 4(c)(14)
________ of the Bank Holding Company Act of 1956, as amended____________
New York
Citicorp International Trading Company, Inc., New
York, New York: prior notification by Citicorp,
New York, New York, for Citicorp International
Trading Company, Inc., ("CITC") to engage in
freight forwarding activities.
San
Franci sco
Wells Fargo Bank, N.A., San Francisco, California:
prior notification to invest a portion of funds
in an Argentine Bank, Banco del Iguazu.
★
★
★
★
★
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
New York
The Chase Manhattan Bank, N.A., New York, New York:
prior notification of its intent to establish an
initial branch in Vienna, Austria.
San
Franci sco
The Bank of California, N.A., San Francisco, California
prior notification of its intent to establish an
Offshore Banking Unit in Taipei, Taiwan.
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Boston
First Coastal Banks, Inc., Portsmouth, New Hampshire,
for approval to acquire 100 percent of the voting
shares of The First National Bank of Portsmouth,
Portsmouth, New Hampshire. 2/
Boston
Woburn National Corporation, Woburn, Massachusetts, for
approval to acquire 100 percent of the voting shares
of Woburn National Bank, Woburn, Massachusetts. 2/
2/
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1984 No. 6
- 24 APPLICATIONS RECEIVED - Continued
New York
The First of Long Island Corporation, Glen Head, New
York, for approval to acquire 100 percent of the
voting shares of The First National Bank of Long
Island, Glen Head, New York. 2/
Cleveland
Bath County Banking Company, Owingsville, Kentucky,
for approval to acquire 100 percent of the voting
shares of Owingsville Banking Company, Owingsville,
Kentucky. 2]
Cleveland
Commonwealth Trust Bancorp, Inc., Covington, Kentucky,
for approval to acquire 100 percent of the voting
shares of Covington Trust & Banking Company, Covington,
Kentucky. 2/
Cleveland
Spectrum Financial Corporation, Wheeling, West Virginia,
for approval to acquire 100 percent of the voting shares
of Security National Bank & Trust Co., Wheeling, West
Virginia. 2/
Richmond
Anchor Financial Corporation, Myrtle Beach, South Carolina,
for approval to acquire 100 percent of the voting shares
of The Anchor Bank of Myrtle Beach, Inc., Myrtle Beach,
South Carolina. 2/
Richmond
F
& M Bank Corp., Timberville, Virginia, for approval to
acquire 100 percent of the voting shares of the successor
by merger to Farmers and Merchants Bank of Rockingham,
Timberville, Virginia. 2/
Atlanta
Bunkie Bancshares, Inc., Bunkie, Louisiana, for approval
to acquire at least 80 percent of the voting shares of
Bunkie Bank and Trust Company, Bunkie, Louisiana. 2J
Atlanta
First Haralson Corporation, Buchanan, Georgia, for approval
to acquire at least 80 percent of the voting shares of
First National Bank of Haralson County, Buchanan,
Georgia. 2/
Atlanta
Hanover Financial Corporation, Plantation, Florida, for
approval to acquire 100 percent of the voting shares
of Hanover Bank of Florida, Plantation, Florida. 2/
Chicago
Eagle Financial Services, Inc., Northfield, Illinois, for
approval to acquire at least 95.6 percent of the voting
shares of State Bank of Richmond, Richmond, Illinois. 2/
2/ Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1984 No. 6
- 25 APPLICATIONS RECEIVED - Continued
Chicago
E. F. Wonderlic Companies, Inc., Northfield, Illinois,
for approval to acquire Eagle Financial Services,
Inc., Northfield, Illinois and indirectly 95.6 percent
of the voting shares of State Bank of Richmond, Richmond,
11linois. 2/
Chicago
General Bancshares Corporation of Indiana, Fort Wayne,
Indiana, for approval to acquire 100 percent of the
voting shares of Anthony Wayne Bank, Fort Wayne,
Indiana. 2/
Chicago
Harvest Bancshares, Inc., Footville, Wisconsin, for
approval to acquire at least 80 percent of the voting
shares of The Footville State Bank, Footville,
Wisconsin. 2/
Chicago
Iowa First Bancshares, Corp., Muscatine, Iowa, for
approval to acquire 100 percent of the voting shares
of First National Bank of Muscatine, Muscatine, Iowa,
and at least 80 percent of the voting shares of
First National Bank in Fairfield, Fairfield, Iowa. 2J
St. Louis
First State Bancshares, Inc., Farmington, Missouri, for
approval to acquire at least 97.6 percent of the voting
shares of First State Bank of Farmington, Farmington,
Mi ssouri. 2J
St. Louis
NSB, Inc., Metropolis, Illinois, for approval to acquire
at least 86.96 percent of the voting shares of The
National State Bank of Metropolis, Metropolis, Illinois.
St. Louis
Southern Illinois Bancshares, Inc., Murphysboro, Illinois,
for approval to acquire at least 80 percent of the voting
shares of The Brookport National Bank, Brookport,
11 linois. 2/
Dallas
First Burkburnett Bancshares, Inc., Burkburnett, Texas,
for approval to acquire at least 80 percent of the
voting shares of First National Bank in Burkburnett,
Burkburnett, Texas. 2/
Dallas
First United Bancshares, Inc., Houston, Texas, for
approval to acquire at least 93.9 percent of the voting
shares of United National Bank, Houston, Texas. 2/
2/
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
2J
H.2, 1984 No. 6
26 APPLICATIONS RECEIVED - Continued
Dallas
Huntington Bancshares, Inc., Huntington, Texas, for
approval to acquire 100 percent of the voting shares
of Huntington State Bank, Huntington, Texas, 2/
Dallas
Longview Holding Company, Fort Worth, Texas, for approval
to acquire 100 percent of the voting shares of Texas Bank
& Trust in Wichita Falls, Wichita Falls, Texas; 100 percent
Town North National Bank, Longview, Texas; and 98.4 percent
American Bank, Longview, Texas. 27
Dallas
Van Alstyne Financial Corporation, Van Alstyne, Texas,
for approval to acquire 80 percent of the voting shares
of The First National Bank of Van Alstyne, Van Alstyne,
Texas. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Chicago
The Baraboo Bancorporation, Inc., Baraboo, Wisconsin,
for approval to acquire at least 80 percent of the
voting shares of Viroqua Bankshares, Inc., Viroqua,
Wisconsin and indirectly State Bank of Viroqua,
Viroqua, Wisconsin. 2/
Chicago
Financial National Bancshares, Co., Elgin, Illinois,
for approval to acquire 100 percent of voting shares
of The Larkin Bank, Elgin, Illinois. 2/
Chicago
River Valley Bancorporation, Inc., Rothschild, Wisconsin,
for approval to aquire at least 80 percent of the
voting shares of New London National Bank, New London,
Wisconsin. 2/
St. Louis
First Arkansas Bankstock Corporation, Little Rock,
Arkansas, for approval to acquire at least 83 percent
of the voting shares of First National Bank, Batesville,
Arkansas and at least 96.5 percent of the voting shares
of Bank of Newark, Newark, Arkansas. 2/
Kansas City
Midwest Bancorporation, Inc., Hays, Kansas, for approval
to acquire at least 20.2 percent of Bushton Investment
Company, Inc., Hays, Kansas and indirectly Bushton
State Bank, Bushton, Kansas. 2/
y
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.
27
H.2, 1984 No. 6
APPLICATIONS RECEIVED - Continued
Kansas City
Security Corporation, Duncan, Oklahoma, for approval
to acquire at least 52.37 percent of the voting
common shares of Cache Road National Bank of Lawton,
Lawton, Oklahoma. 2/
Dallas
Lower Rio Grande Valley Bancshares, Inc., La Feria, Texas,
and Collier Bancshares Holding Company, Inc., McAllen,
Texas, for approval to acquire at least 67 percent of
the voting shares of City National Bank, Weslaco,
Texas. 2/
Dali as
Texas American Bancshares Inc., Fort Worth, Texas, for
approval to acquire 100 percent of the voting
shares of American Bancorporation, Inc., Longview,
Texas and indirectly 100 percent of Texas Bank
& Trust in Wichita Falls, Wichita Falls, Texas;
100 percent of Town North National Bank, Longview,
Texas; and 98.4 percent of American Bank, Longview,
Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Philadelphia
NCB Financial Corporation, Williamsport, Pennsylvania,
notification of intent to engage in de novo activities
(in underwriting, as reinsurer, credit life and
accident and health insurance directly related to
extensions of credit by Northern Central Bank) these
activities will be conducted from offices located in
Williamsport, Pennsylvania, serving the State of
Pennsylvania, through its subsidiary, Northern Central
Life Insurance Company (2/6/84)
Richmond
The Palmer National Bancorp, Inc., Washington, D. C.,
notification of intent to engage in de novo activities
(making, acquiring, or servicing loans and other
extensions of credit for its own account and for the
account of others) at 1667 K Street, N.W., Washington,
D.C. (2/10/84)
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, 1984 No. 6
- 28 APPLICATIONS RECEIVED - Continued
Chicago
E. F. Wonderlic Companies, Inc., Northfield, Illinois,
for approval to acquire E. F. Wonderlic and Associates,
Inc., Northfield, Illinois, Eagle Acceptance Corporation,
Eagle Finance Corporation and E. F. Wonderlic Management
Corporation, all of Northfield, Illinois.
Chicago
Hawarden Bancshares, Inc., Hawarden, Iowa, for approval
to acquire Gearhart Insurance Agency, Hawarden, Iowa,
and Williams Insurance Agency, Hawarden, Iowa, through
a newly created subsidiary Farmers State Agency, Ltd.,
Hawarden, Iowa.
Chicago
The Indiana National Corporation, Indianapolis, Indiana,
notification of its intent to engage in de novo activities
(arranging commercial real estate equity financing)
the geographic area to be served will be the States of
Indiana, Ohio and Kentucky, through its subsidiary,
Indiana Mortgage Corporation (2/8/84)
Minneapolis
Norwest Corporation, Minneapolis, Minnesota, notification
of intent to retain shares in its indirect subsidiary,
Norwest Modern Home Capital, Inc., and thereby to engage
nationwide in a general residential manufactured housing
finance business, including origination of such loans,
the purchase of these loans from affiliated banks and
from others, the assembly of loans into blocks for
investors, the sale of servicing of these loans, and
the placement of inventory financing [floorplan financing]
for manufactured housing dealers with a qualified
lender or lenders (1/30/84)
Kansas City
Allied Oklahoma Bancorp, Inc., Oklahoma City, Oklahoma,
for approval to acquire at least 50 percent of the
voting shares of Mortgage Services Corp., Oklahoma
City, Oklahoma.
Kansas City
International Bancshares of Oklahoma, Inc., Yukon, Okla
homa, notification of intent to engage in de novo
activities (in management consulting for banks and
non-bank depository institutions, including reviewing,
designing, and implementing management information
systems to efficiently provide timely and meaningful
information for decision-making purposes) these activities
would be conducted in the State of Oklahoma (2/10/84)
Kansas City
International Bancshares of Oklahoma, Inc., Yukon, Okla
homa notification of intent to engage in de novo
activities (making and acquiring loans and other
extensions of credit such as would be made by a commercial
financial company, making commercial loans secured by
H.2, 1984 No. 6
- 29 APPLICATIONS RECEIVED - Continued
financial company, making commercial loans secured by
borrower's inventory, accounts receivable and other
assets; purchasing or otherwise acquiring such loans
from others; and servicing such loans for others)
these activities would be performed in the State of
Oklahoma (2/10/84)
Kansas City
Midwest Bancorporation, Inc., Hays, Kansas, for approval
to indirectly engage in the sale of general insurance
through Bushton Investment Company, Inc., Hays, Kansas.
Kansas City
Talmage Investment, Inc., Talmage, Kansas, notification
of intent to engage in de novo activities (in general
insurance agency activities) these activities will
be performed in the Village of Talmage, Kansas, and
the surrounding rural area through its subsidiary,
Talmage Insurance Agency (2/7/84)
Kansas City
United Banks of Colorado, Inc., Denver, Colorado,
notification of intent to expand the geographic service
area of its de novo activities (making or acquiring for its
own account,~Toans or other extension of credit, such as
would be made or acquired by a finance company; servicing
loans and offering credit related life and credit
related health and accident insurance; such activities
will include, but not be limited to making consumer
installment loans, purchasing installment sales finance
contracts, making loans and other extensions of credit
to businesses and making loans and other extensions of
credit secured by real property) the service area will
be expanded to include the States of Colorado and
Nebraska, through its subsidiary, United Financial
Centers, Inc. (2/7/84)
Dallas
Ranco Bancshares, Inc., Spur, Texas, notification of
intent to engage in de novo activities (making and
acquiring of commercial and installment loans including
the extension of direct loans to consumers and the
purchase and sale of loan participations) these activities
would be conducted in the State of Texas only (2/6/84)
San
Francisco
BankAmerica Corporation, San Francisco, California, for
approval to engage de novo in industrial savings bank
activities through its de novo, indirect subsidiary,
BankAmerica Savings Bank, Miami, Florida
San
Francisco
BankAmerica Corporation, San Francisco, California,
notification of intent to engage in de novo activities
(in the activities of securities broT<erage, consisting
principally of buying and selling securities solely
H.2, 1984 No. 6
- 30 APPLICATIONS RECEIVED - Continued
upon the order and for the account of customers, and
of extending margin credit in conformity with
Regulation T) at 25 Cannon Street, London, England,
having a worldwide geographic service area, through
its subsidiary, Charles Schwab & Co., Inc. (a
California corporation)
(2/8/84)
San
Francisco
Business Bancorp, San Jose, California, notification
of intent to engage in de novo activities (engaging
in community development activities in accordance
with the Board's Regulation Y) these activities will
be conducted in the State of California, through its
subsidiary, Bancorp BIDCO (2/10/84)
* * * * *
REPORTS RECEIVED
Current Report Filed Pursuant to Section
13 of the Securities Exchange Act
County Bank of Santa Cruz
Santa Crus, California
(February 1984)
* * * * *
Ownership Statement Filed Pursuant to Section
_____ 13(d) of the Securities Exchange Act
County Bank of Santa Cruz
Santa Cruz, California
(Filed by Cobanco, Inc.)
*
*
*
*
*
PETITIONS FOR RULEMAKING
None
@FedFRASER