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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1982 No. 7)
Actions of the Board; Applications and Reports
APPLICABLE
RESERVE BANK
Received During the Week Ending February 13, 1982
ACTIONS OF THE BOARD
Statement by Chairman Paul A. Volcker before the House
Banking Committee to discuss the direction of monetary
policy and the prospects for the national economy.
Monetary Policy Report to Congress Pursuant to the Full
Employment and Balanced Growth Act of 1978.
Regulation Z amendment with respect to the d e f i n i t i o n of
an "arranger" of c r e d i t (Docket No. R-0368).
Kansas City
F i r s t State Bank at Shoshoni, Shoshoni, Wyoming, an i n vestment in bank premises.
Atlanta
ANB Bankshares, I n c . , Brunswick, Georgia, extension of time
t o May 11, 1982, w i t h i n which to become a bank holding
company through acquisition of American National Bank
of Brunswick, Brunswick, Georgia. \ J
St. Louis
Area Bancshares Corporation, Hopkinsville, Kentucky, extension of time t o April 30, 1982, within which to become
a bank holding company through acquisition of the successor
by merger t o F i r s t City Bank and Trust Company, Hopkinsville
Kentucky. \J
Atlanta
Central of Georgia Bancshares, I n c . , Macon, Georgia,
extension of time t o May 19, 1982, within which to become
a bank holding company through acquisition of Central
Bank of Georgia, Macon, Georgia. 1/
Kansas City
Citadel Bancorporation, Colorado Springs, Colorado, extension of time to June 30, 1982, within which to acquire
The Citadel Bank, Colorado Springs, Colorado. \J
Kansas City
Eaton Capital Corporation, Loup C i t y , Nebraska, extension
of time to May 13, 1982, within which to commence general
insurance agency a c t i v i t i e s . 1/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 7
- 2 ACTIONS OF THE BOARD-Continued
Minneapolis
Farmers Investment Company, I n c . , Eyota, Minnesota,
extension of time t o April 16, 1982, within which to
acquire (1) F i r s t Dover Investment Company, Elgin; (2)
F i r s t State Bank of Dover, Dover; (3) Elgin Investment
Company, Elgin; (4) E l g i n - M i l l v i l l e State Bank, Elgin;
and (5) Elgin Financial Services, Elgin, Minnesota. _!/
Atlanta
F i r s t Commerce Bancorp, I n c . , Commerce, Georgia, extension
of time t o May 19, 1982, within which to become a bank
holding company through acquisition of Englewood Bank
and Trust, Englewood, Florida. 1/
Chicago
FIRST LINCOLNWOOD CORP., Lincolnwood, I l l i n o i s , extension
of time t o May 13, 1982, within which to become a bank
holding company through acquisition of 80 percent or more
of the voting shares of The F i r s t National Bank in
Lincolnwood, Lincolnwood, I l l i n o i s . 1/
Philadelphia
F i r s t National Bancorp of Allentown, I n c . , Allentown,
Pennsylvania, extension of time to May 28, 1982, w i t h i n
which t o acquire The F i r s t National Bank of Allentown,
Allentown, Pennsylvania. \J
Chicago
F & M Bankshares, I n c . , Marinette, Wisconsin, extension of
time to March 1, 1982, w i t h i n which to become a bank
holding company through the acquisition of 100 percent of
the i n i t i a l capital stock of Citizens Bank of Marinette,
Marinette, Wisconsin. 1/
Richmond
Mercantile Bankshares Corporation, Baltimore, Maryland,
extension of time t o April 19, 1982, within which t o
acquire 100 percent of the voting shares of The Peoples
National Bank of Maryland, Denton, Maryland. \J
New York
Peoples Bancorp, B e l l e v i l l e , New Jersey, extension of
time t o March 15, 1982, within which to become a bank
holding company through the acquisition of Peoples Bank,
N.A., B e l l e v i l l e , New Jersey. \ J
Atlanta
Peoples Holding Company, C o l l i n s v i l l e , Alabama, extension
of time t o May 9, 1982, w i t h i n which to become a bank
holding company through acquisition of the Peoples Bank,
C o l l i n s v i l l e , Alabama. 1/
1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 7
ACTIONS OF THE BOARD-Continued
Atlanta
St. F r a n c i s v i l l e Bancshares, St. F r a n c i s v i l l e , Louisiana,
extension of time t o May 15, 1982, w i t h i n which to become a bank holding company through acquisition of Bank of
St. F r a n c i s v i l l e , St. F r a n c i s v i l l e , Louisiana. 1/
Kansas City
United Banks of Colorado, I n c . , Denver, Colorado, extension
of time t o May 25, 1982, within which i t may commence
lending a c t i v i t i e s through United Bank Financial Center,
Inc. 1/
New York
A l l i e d Bank I n t e r n a t i o n a l , New York, New York, extension
of time t o May 25, 1982, within which to hold shares of
G r o l i e r , I n c . , New York, acquired as a result of debt
previously contracted. 1/
St. Louis
Farmers and Merchants Bank, Hannibal, Missouri, extension
of time t o April 28, 1982, within which to establish a
branch at #22 Mel grove Place, Hannibal, Missouri. 1/
Chicago
Hendricks County Bank and Trust Company, Brownsburg, Indiana,
extension of time to August 31, 1982, w i t h i n which to
establish a branch at the intersection of State Road 267
and Interstate 74, Brownsburg, Indiana. \ j
Chicago
Wyandotte Savings Bank, Wyandotte, Michigan, an investment
in bank premises. \J
Philadelphia
Central Counties Bank, State College, Pennsylvania, proposed
merger with Central Counties Interim Bank, State College,
Pennsylvania, under the charter and t i t l e of Central
Counties Bank; report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
Atlanta
Clayton County Bank, Riverdale, Georgia, proposed merger
with WBWB, I n c . , Atlanta, Georgia; report to the Federal
Deposit Insurance Corporation on competitive factors. \J
Chicago
F i r s t Bank in Wabash, National Association, Wabash, Indiana,
application for p r i o r approval to merge with The Fi rst
National Bank in Wabash, Wabash, Indiana, under the
charter of F i r s t Bank in Wabash, National Association,
and t i t l e of The F i r s t National Bank in Wabash; report
to the Comptroller of the Currency on competitive factors. 1/
Atlanta
F i r s t Commercial Bank, Buford, Georgia, proposed merger with
RPMC, I n c . , Atlanta, Georgia, report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 19R2 No. 7
ACTIONS OF THE BOARn-Continued
Philadelphia
First National State Bank of South Jersey, Morrestown,
New Jersey, proposed acquisition of certain assets and
assumption of the deposit l i a b i l i t i e s of two offices of
the Bank of New Jersey, Camden, New Jersey located in
Paulsboro and Deptford, New Jersey; report to the
Comptroller of the Currency on competitive factors. JL/
Oal las
First State Bank of Corpus Christi, Corpus Christi, Texas,
proposed merger with First State Bank of Commerce, Corpus
Christi, Texas; report to the Federal Deposit Insurance
Corporation on competitive factors. If
Philadelphia
Merchants National Rank of Allentown, Allentown, Pennsylvania,
proposed merger with Mertru National Bank, Allentown,
Pennsylvania, under the charter of the Mertur National
Bank and with the t i t l e of the Merchants National Bank
of A1lentown;.report to the Comptroller of the Currency
on competitive factors. 1/
Dal las
New National Bank of Socorro, Socorro, New Mexico, proposed
merger with First National Bank of Socorro, Socorro, New
Mexico; report to the Comptroller of the Currency on
competitive factors. \J
Oallas
Preston State Bank, Dallas, Texas, proposed merger with
Preston Road Bank, Dallas, Texas; report to the Federal
Deposit Insurance Corporation on competitive factors. 1/
T7
Application processed on hehalf of the Board of Governors under delegated
authority.
I
H.2, 1982 Ko
- 5 ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
San
Francisco
Approved
Union Bank, Los Angeles, C a l i f o r n i a . To establish a
branch o f f i c e in the v i c i n i t y of the intersection of
Canoga Avenue and Victory Boulevard, City and County
of Los Angeles, C a l i f o r n i a . 1/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Philadelphia
Approved
Provident of Delaware Bank, Wilmington, Delaware. 1/
Atlanta
F i r s t Independence Bank of Florida, Fort Myers, Florida. 1/
*
*
*
*
*
To Merger Pursuant to Section 18(c) of the Federal
Deposit Insurance Act
Cleveland
Approved
Interim Dime Bank of Marietta, Marietta, Ohio, to merge
with The Dime Bank, Marietta, Ohio, and The Dime Bank
of Ross County, N.A., Adelphia, Ohio.
*
*
*
*
*
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Kansas City
1/
Not Disapproved
Mid-America Bancshares, Inc. of Wichita, Wichita, Kansas.
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 7
6 ACTIONS OF THE BOARD-Continued
Applications and N o t i f i c a t i o n s for International
Investments and Other Actions Pursuant to Sections
25 and 25(a) of the Federal Reserve Act and Sections
4(c)(9) and 4(c)(13) of the Bank Holding Company Act
of 1956* as amended
San
Francisco
San
Francisco
Approved
Midland Sank Limited, London, England: entered into an
?
agreement wit|£ the Federal Reserve System that i t s
limited federal branch in New York City would receive
only such deposits as would be permissible under Section
5(a) of the International Banking Act. 1/
Sixty Day N o t i f i c a t i o n Period Allowed to Expire
Wells Fargo & Company, San Francisco, C a l i f o r n i a : no
objection to make an additional investment in Wells Fargo
Financing Corporation which wi11 invest the funds in Wells
Fargo International Financing Corporation, N.V.,
Netherlands A n t i l l e s .
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Minneapolis
Richmond
Atlanta
\J
Withdrawn
Security Bancshares, Inc.* Dunseith, North Dakota, for
approval to acquire 100 percent of the voting shares of
Security State Bank, Dunseith, North Dakota. \J
Approved
UNB Bancshares, I n c . , Washington, D.C., for approval to
acquire 100 percent of the voting shares of the successor
by merger to United National Bank of Washington,
Washington, D.C. 1/
F i r s t Bancshares, I n c . , SIidel 1, Louisiana, for approval to
acquire 100 percent of the voting shares of F i r s t Bank,
S l i d e ! ! , Louisiana. 1/
Application processed on behalf of the Board Governors under delegated
authority.
H.2, 1982 No. 7
- 7ACTIQNS OF THE BOARD-Continued
Atlanta
F i r s t Bulloch Banking Corporation, Statesboro, Georgia,
for approval to acquire 100 percent of the voting shares
of F i r s t Bulloch Bank and Trust Company, Statesboro,
Georgia. Jif
Atlanta
Fulton Bancshares, I n c . , Alpharetta, Georgia, for approval
to acquire at least 88,8 percent of the voting shares of
Fulton County Bank, Alpharetta, Georiga. 1/
Atlanta
Liberty Holding Company, Cantonment, Florida, for approval
to acquire at least 80 percent of the voting shares of
Liberty Bank of Cantonment, Cantonment, Florida, j y
Chicago
F i r s t Alsip Bancorp, I n c . , A l s i p , I l l i n o i s , has applied for
approval to acquire at least 80 percent of the voting
shares of F i r s t State Bank of A l s i p , A l s i p , I l l i n o i s . 1/
Chicago
Tuscola Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , for approval
to acquire 100 percent of the voting shares of The F i r s t
National Bank of Douglas County, Tuscola, I l l i n o i s . _!/
St. Louis
Sesser Bancorporation, I n c . , Sesser, I l l i n o i s , f o r approval
to acquire 86.27 percent of the voting shares of Bank of
Sesser, I l l i n o i s . 1/
Kansas City
Corporate Bankshares, I n c . , Overland Park, Kansas, for
approval to acquire 100 percent of the voting shares of
Woods State Bank, Overland Park, Kansas. 1/
Kansas City
F i r s t State Holding Company, I n c . , M u l l i n v i l l e , Kansas,
for approval to acquire at least 80 percent of the
voting shares of F i r s t State Bank, M u l l i n v i l l e , Kansas. \J
Kansas City
Lyon County State Bancshares, I n c . , Emporia, Kansas, for
approval to acquire at least 87.35 percent of the voting
shares of Lyon County State Bank, Emporia, Kansas. _!/
Kansas City
Union Colony Bancorp, Greeley, Colorado, f o r approval to
acquire at least 80 percent of the voting shares of
Colony Bank, Greeley, Colorado. 1/
Dallas
Amarillo National Bancorp, I n c . , Amarillo, Texas, f o r
approval to acquire at least 80 percent of the voting
shares of Amarillo National Bank, Amarillo, Texas. 1/
y
Application processed on behalf of the Board og Governors under delegated
authority.
i
H.2, 1982 No. 7
-
8
-
ACTIONS OF THE BOARD-Continued
Dallas
Azle Bancorp, Azle, Texas, for approval to acquire at
least 80 percent of the voting shares of Azle State Bank,
Azle, Texas. If
Dallas
Island American Bancshares, I n c . , Galveston, Texas, for
approval to acquire 100 percent of the voting shares of
American Bank, Galveston, Texas. 1/
San
Francisco
Pioneer American Bancorporation, Pendleton, Oregon, for
approval to acquire 100 percent of the voting shares of
Pendleton Banking Company, Pendleton, Oregon. J7
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Philadelphia
Richmond
Approved
Provident National Corporation, Philadelphia, Pennsylvania,
for approval to acquire 100 percent of the voting shares
(less d i r e c t o r s ' q u a l i f y i n g shares) of Delaware Bank,
Wilmington, Delaware, a proposed new bank. 1/
Maryland National Corporation, Baltimore, Maryland, for
approval to acquire 100 percent of the voting shares of
Central A t l a n t i c Bank, National Association, Newark,
Delaware, a proposed new bank. _1/
Atlanta
Exchange Bancorporation, I n c . , Tampa, Florida, for approval
to acquire 100 percent of the voting shares of F i r s t
National Bank of Englewood, Englewood, Florida. 1/
Chicago
Youell Sales Department, I n c . , Manson, Iowa, f o r approval
to acquire at least 35.6 percent additional shares of
Manson State Bank, Manson, Iowa. 1/
St. Louis
Mark Twain Banshares, I n c . , St. Louis, Missouri, for
approval to acquire at least 90 percent of the voting
shares of Hub State Bank, Independence, Missouri. If
Minneapolis
Minnehaha Bancshares, I n c . , Sioux F a l l s , South Dakota,
f o r approval to acquire at least 94.6 percent of the
voting shares of Farmers State Bank, Flandreau, South
Dakota. 1/
If Application processed on behalf of the Board of Governors under delegated
authority.
- 9 -
H.2, 1982 No. 7
ACTIONS OF THE BOARD-Continued
Kansas City
Central Bancorporation, Inc., Central
C.C.B., Inc., Denver, Colorado, for
100 percent of the voting shares of
N.A., Colorado Springs, Colorado, a
Dallas
Texas American Bancshares I n c . , Fort Worth, Texas, f o r
approval to acquire 100 percent of the voting shares of
Commercial National Bank of Longview, Longview, Texas. \ j
Dallas
Texas Commerce Bancshares, Inc., Houston, Texas, for approval
to acquire 100 percent of the voting shares of Texas Commerce
Bank - Cypress Station, National Association, Houston, Texas
a proposed new bank. 1/
*
*
*
*
Colorado Company, and
approval to acquire
Bank of Chaple H i l l s ,
proposed new bank. \J
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Boston
Approved
The Conifer Group, I n c . , Worcester, Massachusetts, for
approval to merge with Commonwealth National Corporation,
Boston, Massachusetts. \J
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Kansas City
17
Reactivated
Bankshares of Nebraska, I n c . , Grand Island, Nebraska,
notification of intent to engage i n de novo a c t i v i t i e s
(to engage in leasing of personal property; Applicant
seeks authority to engage in closed end leasing and,
to a limited degree, leveraged leasing; a g r i c u l t u r a l
and commercial personal property would be leased to
credit customers of Applicant's subsidiary banks as
follows: First National Bank of Grand Island, Grand
Island, Nebraska; First Savings Company of Grand
Island, Grand Island, Nebraska; F i r s t Savings Company
of Hastings, Hastings, Nebraska; and F i r s t Savings
Application processed on behalf of the Board of Governors under delegated
authority.
N^RP-Cortinued
..* \earn*-y,
i«.v, Nebraska) at 202 West Third
* r j Island, ' e raska, the primary geographic area
:e
' J includes Che f ollowing counties in Nebraska;
j . \ - j u / . . Howard, Merrick* Hamilton, Clay, Nuckolls,
« '
f ^ , * ^ H i n , Kearney, Buffalo and Sherman; the
ytCvtid";/ !f>nqraphic area to be served included a l l re,<i:ninq counties in Nebraska and a l l contiguous States
y ' \ * r2 ^ ^
% ^
San
Francisco
3/
Permitted
:,a;*^rrrus . f Nebraska, I n c . , Grand Island, Nebraska,
n o t : " i c a t wn of intent to engage i n de novo a c t i v i t i e s
; : o vrgaqe in leasing personal property; Applicant
"C*
j f ; t y to engage in closed end leasing and,
a ; m i led degree, leveraged leasing; agricultural
a" I .onren.ia) personal property would be leased to
'.r.
cusioiners of Applicant's subsidiary banks as
K r . w s : F i r s t National Bank of Grand Island, Grann
I s l a r j , Te^raska; F i r s t Savings Company of Grand
!3lan :, Srand Island, Nebraska; F i r s t Savings Company
uf H/tstmys, Hastings, Nebraska, and F i r s t Savings
'onptny of Kearney, Kearney, Nebraska) at 202 West Third
a t r e M , ,rand Island, Nebraska, the primary geographic
area to be served includes the following counties in
Nebraska; H a l l , Adams* Howard, Merrick, Hamilton, Clay,
KuckclIs. Webster, Franklin, Kearney, Buffalo and
Sh*»'man; the secondary geographic area to be served
ir.( l ines a l l remaining counties in Nebraska and a l l
L„"l:v*ous States (2/12/82) 3/
Gen,:A wrica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a i : o n of intent to engage i n de novo a c t i v i t i e s (making or acquiring f o r i t s own account loans and other
extensions of credit such as would be made or acquired
by a finance company* servicing loans and other extensions of c r e d i t , and o f f e r i n g credit related l i f e insurance, c r e d i t related accident and health insurance and
c r e d i related property insurance; such a c t i v i t i e s w i l l
include, but not be limited t o , making consumer i n s t a l l ment loans; purchasing installment sales finance cont r a c t s ; making loans and other extensions of credit to
small businesses; making loans secured by real and personal property; and o f f e r i n g credit related l i f e , credit
related accident and health and credit related property
insurance d i r e c t l y related to extensions of credit made
4 { / ) ( ) n v i ; f K a(
of Govt;fnv?\
vcessed by Re» rve Bank on behalf of the Board
delegated a u t h o r r .
H.2, 1982 No. 7
-
11 -
ACTIONS OF THE BOARP-Continued
or acquired by FinanceAmerica Corporation) at 2505 North
Nayfair Road* Suite 201, Wauwatosa, Wisconsin, serving
the e n t i r e State of Wisconsin, through i t i n d i re ct subs i d i a r y , FinanceAmerica Corporation (a Wisconsin Corporat i o n ) (12/13/81) 3/
San
Francisco
37
U. S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of intent to engage
in de novo a c t i v i t i e s (the making, acquiring and servicing of
loans and other extensions of credit either secured or unsecured
for i t s own account or for the account of others, including the
making of consumer instalment loans, purchasing consumer i n s t a l ment and real estate sales finance contracts and evidences of
debt and making consumer home equity loans secured by real
estate, making i n d u s t r i a l loans, and acting as insurance agent
with regard to credit l i f e and d i s a b i l i t y insurance solely in
connection with extensions of credit by Bancorp Financial) at
the intersection of 28th Street and I r i s Avenue, Boulder,
Colorado, the geographic area to be served by the proposed o f f i c e
w i l l include the e n t i r e c i t y of Boulder, Colorado as well as
part of Boulder County north and east of Boulder including
L o u i s v i l l e , Niwot, and E r i e , through i t s subsidiary, U.S. Bancorp
Financial, Inc. (2/13/82) 3/
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board
of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 7
-
12 -
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
New York
United Jersey Bank/Southwest, Camden, New Jersey. To
establish ten o f f s i t e electronic f a c i l i t i e s at the
following locations:
Cedar Lane and Palisades Avenue
Teaneck, New Jersey 2/
308-310 Main Street
Orange, New Jersey 2/
904 River Road
Mil ford, New Jersey
2J
12-14 Park Avenue
Rutherford, New Jersey
339 Franklin Avenue
Wyckoff, New Jersey
2/
2J
#2 Bethany Road and Routh #35
Hazlet, New Jersey 2/
211 Elmora Avenue
Elizabeth, New Jersey
ZJ
Oak Tree Avenue and Case Drive
South Plainfield, New Jersey 2/
6 Airport Plaza
Hazlet, New Jersey
2/
*
*
*
*
*
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Atlanta
Y]
Exchange Bank and Trust Company of Florida, Tampa, Florida.
To establish an electronic f a c i l i t y at 2465 U.S. Highway
19, Clearwater, Florida. 2J
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 7
13 APPLICATION RECEIVED-Continued
Kansas City
Country H i l l State Bank, Lenexa, Kansas. To establish
a branch f a c i l i t y at the northwest corner of 87th &
Quivira Road, Lenexa, Kansas. 2/
San
Francisco
Valley Bank of Nevada, Las Vegas, Nevada. Branch
o f f i c e t o be located at 885 Rancho Lane in the City
of Las Vegas, Clark County, Nevada. 2/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Richmond
The Bank of Brunswick, Lawrenceville, V i r g i n i a .
Chicago
Whitley Banking Co., Columbia C i t y , Indiana. 2/
*
*
*
*
*
To Merge Pursuant t o Section 18(c) of the Federal
Deposit Insurance Act
Chicago
Whitley Banking Co., Columbia C i t y , Indiana, to merge
with The Farmer's Loan and Trust Company, Columbia
C i t y , Indiana. 2/
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Atlanta
2/
Beacon Financial Corporation, I n c . , J u p i t e r , Florida, for
approval to acquire 100 percent of the voting shares of
Lighthouse National Bank, J u p i t e r , Florida. 2j
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 7
- 14 APPLICATIONS RECEIVED-Continued
Atlanta
F i r s t City Bancorp, I n c . , Marietta, Georgia, for approval
to acquire at least 80 percent of the voting shares of
Citizens DeKalb Bank, Clarkston, Georgia. 2J
Atlanta
Southern Bancorp, South Daytona, Florida, for approval t o
acquire 100 percent of the voting shares of Central Bank
of Volusia County, South Daytona, Florida. 2/
Chicago
ALLIED BANCSHARES OF ILLINOIS, INC., J o l i e t , I l l i n o i s , for
approval to acquire 100 percent of the voting shares
(less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by
merger to East J o l i e t Bank, J o l i e t , I l l i n o i s . 2/
Chicago
Exchange State Corp., Knoxville, Iowa, f o r approval to
acquire at least 80 percent of the voting shares of
Exchange State Bank, C o l l i n s , Iowa. 2/
Chicago
F i r s t State Bank Holding Company, L y n n v i l l e , Iowa, for
approval to acquire at least 50 percent of the voting
shares of F i r s t State Bank, Lynnville, Iowa. 2/
Chicago
F L & T FINANCIAL CORPORATION, Columbia C i t y , Indiana, f o r
approval to acquire 100 percent of the voting shares
(less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by
merger to The Farmer's Loan and Trust Company, Columbia
C i t y , Indiana. 2/
Chicago
Ocheyedan Bancorporation, Ocheyedan, Iowa, for approval
to acquire at least 80 percent of the voting shares of
Ocheyedan Savings Bank, Ocheyedan, Iowa. 2/
Chicago
Tuscola Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , for approval
to acquire 100 percent of the voting shares of The F i r s t
National Bank of Douglas County, Tuscola, I l l i n o i s . 2/
St. Louis
Bradley Bancshares, I n c . , Warren, Arkansas, f o r approval
to acquire at least 80 percent of the voting shares of
F i r s t State Bank of Warren, Warren, Arkansas. 2/
St. Louis
Exchange Bancshares, I n c . , El Dorado, Arkansas, for
approval to acquire 100 percent of the voting shares
of The Exchange Bank and Trust Company, El Dorado,
Arkansas. 2/
2/
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period. 2J
H.2, 191# No. 7
-15APPLICATIONS RECEIVED-Continued
St. Louis
Security Bancorp, I n c . , Vincennes, Indiana, for approval
to acquire 100 percent of the voting shares of the
successor by merger to Security Bank and Trust Company,
Vincennes, Indiana. 2/
St. Louis
Universal Bancorp, Bloomfield, Indiana, for approval to
acquire at least 80 percent of the voting shares of
the successor by merger with to the Bloomfield State Bank,
Bloomfield, Indiana. 2/
St. Louis
Volunteer Bancshares, I n c . , Jackson, Tennessee, for approval
to acquire 100 percent of the voting shares of the successor
by merger to the Jackson National Bank, Jackson, Tennessee. 2/
Minneapolis
Coulee Bancshares, I n c . , LaCrosse, Wisconsin, for approval to
acquire at least 87.7 percent of the voting shares of The
Coulee State Bank, La Crosse, Wisconsin. 2/
Minneapolis
f e r t i l e Bancshares, I n c . , F e r t i l e , Minnesota, for approval
to acquire 82.6 percent of the voting shares of First
State Bank of F e r t i l e , F e r t i l e , Minnesota. 2J
Kansas City
Bushnel1 Bancorp, Bushnel1, Nebraska, for approval to
acquire 82 percent of the voting shares of Kimball County
Bank, Bushnel1, Nebraska. 2/
Kansas City
F i r s t Midwest Bancorp, I n c . , Midwest C i t y , Oklahoma, for
approval to acquire 100 percent of the voting shares of
The F i r s t National Bank of Midwest C i t y , Midwest C i t y ,
Oklahoma. 2/
Kansas City
Goddard Financial Corporation, Goddard, Kansas, for approval
to acquire at least 88.32 percent of the voting shares of
Suburban West State Bank, Goddard, Kansas. 2]
Kansas City
International Bancorp., Denver, Colorado, for approval to
acquire at least 80 percent of the voting shares of
International Bank, Denver, Colorado, at least 80 percent
of the voting shares of Community Bank and Trust Company,
Englewood, Colorado, at least 30 percent of the voting
shares of Orchard Valley Bank (P.O. Arapahoe County), Englewood,
Colorado, and at least 60 percent of the voting shares of
Viejo Bank and Trust, L i t t l e t o n , Colorado, a proposed new
bank. 2/
2J
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 7
-
16
APPLICATIONS RECEIVED-Continued
Dallas
New Galveston Company, I n c . , San Antonio, Texas, for approval
to acquire 100 percent (less d i r e c t o r s ' q u a l i f y i n g shares)
of the voting shares of United States National Bancshares
and Galbank, Inc., both of San Antonio, Texas. 2J
San
Francisco
Seaport Bancorp, I n c . , Lewiston, Idaho, f o r approval to
acquire at least 80 percent of the voting shares of
Seaport Citizens Bank, Lewiston, Idaho. 2/
San
Francisco
Westlands Diversified Bancorp, I n c . , Santa Ana, C a l i f o r n i a ,
for approval to acquire 100 percent of the voting shares
the Westlands Bank, Santa Ana, C a l i f o r n i a . 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Cleveland
National City Corporation, Cleveland, Ohio, for approval
to acquire 100 percent of the voting shares of The
Goodyear Bank, Akron, Ohio. 2J
Atlanta
Capital Bancorp, North Bay V i l l a g e , Florida, for approval
to acquire at least 65 percent of the voting shares of
First Bank of Oakland Park, Oakland Park, Florida. 2/
Chicago
Continental I l l i n o i s Corporation, Chicago, I l l i n o i s for
approval to acquire 100 percent of the voting shares
(less directors' q u a l i f y i n g shares) of the successor
by merger to Bank of Oakbrook Terrace, Oakbrook Terrace,
I l l i n o i s . Z)
Chicago
DETR0ITBANK Corporation, Detroit, Michigan, for approval
to acquire 100 percent of the voting shares (less
directors' qualifying shares) of The Detroit Bank Grosse Pointe, National Association, Grosse Pointe,
Michigan, a proposed new bank. 2/
Chicago
Ohnward Bancshares, I n c . , Maquoketa, Iowa, for approval
to acquire at least 50 percent of the voting shares of
Maquoketa State Bank, Maquoketa, Iowa. 2/
27
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, 1982 No. 7
- 17 APPLICATIONS RECEIVED-Continued
Dal las
Cullen/Frost Bankers, Inc., San Antonio, Texas, f o r approval
to acquire 100 percent of the voting shares of Chase
National Bank, Austin, Texas. 2/
Dallas
Cullen/Frost Bankers, Inc., San Antonio, Texas, for approval
to acquire 100 percent (less directors' q u a l i f y i n g shares)
of the voting shares of Sugar Land State Bank, Sugar Land,
Texas, and United States National Bank of Galveston,
Galveston, Texas. 2J
Dal las
Republic of Texas Corporation, Dallas, Texas, for approval to
acquire 100 percent of the voting shares (less d i r e c t o r s '
qualifying shares) of RepublicBank Conroe, National
Association, Conroe, Texas, a proposed new bank. 2J
San
Francisco
CCB Bancorp, Inc., Los Angeles, California, and Canadian
Commercial Bank, Edmonton, Canada, for approval to acquire
40 percent of the voting shares of Westlands Diversified
Bancorp, Inc., Santa Ana, California. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Kansas City
Ameribanc, Inc., St. Joseph, Missouri, for approval to
merge with Laurel Bancshares, I n c . , Raytown, Missouri. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston
BankEast Corporation, Manchester, New Hampshire, for
approval to acquire 100 percent of the voting shares of
Portsmouth Trust Company, Portsmouth, New Hampshire.
New York
Citicorp, New York, New York, request permission to expand
the activities of an existing o f f i c e (sale of credit related
single interest insurance protecting real and personal
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, 1982 No. 7
-
18
-
APPLICATIONS RECEIVED-Continued
property subject to a security agreement with Citicorp
Person-to-Person Financial Center, I n c . , to the extent
permissible under applicable State insurance laws and
regulations) at 503 Libbie Avenue, Richmond, V i r g i n i a ,
the service area for the new a c t i v i t y w i l l be the e n t i r e
State of V i r g i n i a , through i t s subsidiary, Citicorp Personto-Person Financial Center, Inc. (2/8/82)
New York
C i t i c o r p , New York, New York, requests permission to expand the a c t i v i t i e s of an existing o f f i c e (the making
of loans to individuals and businesses to finance the
purchase of mobile homes, modular units or related
manufactured housing, together with the real property
to which such housing is or w i l l be permanently a f f i x e d ,
such property being used as security for the loans) at
4370 West 109th Street, 300 Pennsylvania National
Building, Suite 300, Overland Park, Kansas, the proposed
service area of the new a c t i v i t y w i l l be comprised of the
e n t i r e State of Kansas, through i t s subsidiary, Citicorp
Acceptance Company, I n c . , (2/11/82)
New York
C i t i c o r p , New York, New York, requests permission to expand the service area and a c t i v i t i e s of an existing
o f f i c e (the extension of loans to dealers for the
financing of inventory ( f l o o r planning) and working
capital purposes; the purchasing and servicing for i t s
own account of sales finance contracts; the sale of credit
related l i f e and accident and health or decreasing or level
( i n the case of single payment loans) term l i f e insurance
by licensed agents or brokers, as required; the sale of
c r e d i t related property and casualty insurance protecting
real and personal property subject to a security agreement with C i t i c o r p Acceptance Company, I n c . , to the extent
permissible under applicable State insurance laws and
regulations; and the servicing for any person, of loans,
and other extensions of c r e d i t ; the new a c t i v i t y in
which the o f f i c e proposes to engage de novo i s : the
making of loans to individuals and businesses to finance
the purchase of mobile homes, modular units or related
manufactured housing, together with the real property to
which such housing i s or w i l l be permanently a f f i x e d , such
property being used as security for the loans; the proposed
service area f o r a l l previously approved and proposed
a c t i v i t i e s , with the exception of the sale of credit
related property and casualty insurance, shall be comprised
of the following States: I l l i n o i s , Iowa, Minnesota and
Wisconsin) at 999 Plaza Drive, Woodfield Plaza, Suite 520,
Schaumberg, I l l i n o i s , through i t s subsidiary, Citicorp
Acceptance Company, Inc. (2/11/82)
H.2, 1982 No. 7
- 19
APPLICATIONS RECEIVED-Continued
Philadelphia
American Bancorp, I n c . , Reading, Pennsylvania, n o t i f i c a t i o n
of intent to engage i n de novo a c t i v i t i e s (underwriting,
as reinsurer, c r e d i t l i f e and c r e d i t accident and health
insurance d i r e c t l y related to extensions of credit by
Applicant's subsidiary bank, American Bank and Trust Co.
of Pennsylvania) i n Phoenix, Arizona, the geographic area
to be served is Southeastern Pennsylvania, through i t s
subsidiary, Amerisure L i f e Insurance Company (2/12/82)
Philadelphia
Philadelphia National Corporation, Philadelphia, Pennsylvania,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n
the o r i g i n a t i o n of FHA, VA and conventional residential
mortgage loans and second mortgage loans) at 4741 Maryville
Road, Madison County, I l l i n o i s , serving the State of
I l l i n o i s and primarily in the counties of Madison, St.
C l a i r , Clinton and Monroe, through i t s subsidiary, Colonial
Mortgage Service Company Associates, Inc. (2/12/82)
Philadelphia
Philadelphia National Corporation, Philadelphia, Pennsylvania,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
( i n the o r i g i n a t i o n of FHA, VA and conventional residential
mortgage loans and second mortgage loans) at 8850 LaDue
Road, Clayton, Missouri, serving the State of Missouri
and p r i m a r i l y in the counties of Franklin, St. Charles,
St. Louis and the c i t y of St. Louis, through i t s subsidiary,
Colonial Mortgage Service Company Associates, Inc. (2/12/82)
Chicago
F i r s t State Bank Holding Company, Lynnvilie, Iowa, f o r
approval to engage in general insurance a c t i v i t i e s in a
community with a population of less than 5,000.
Chicago
P.N.B. Financial Corp., Chicago, I l l i n o i s , n o t i f i c a t i o n of
intent to engage in de novo a c t i v i t i e s ( i n leasing of
personal property in accordance with the Board's Regulation
Y; new equipment, consisting of readily available standard
items i . e . , trucks and i n d u s t r i a l equipment, in the
$10,000 to $100,000 cost range w i l l constitute the major
portion of the lease p o r t f o l i o ) at 2958 N. Milwaukee Avenue,
Chicago, I l i n o i s , primarily serving I l l i n o i s and Colorado
(1/27/82)
Kansas City
Bushnel1 Bancorp, Bushnel1, Nebraska, for approval to acquire
Bushnel1 Insurance Agency, Bushnel1, Nebraska, and thereby
engage in the a c t i v i t y of acting as agent in the sale of
general insurance.
Dallas
F i r s t National Bancorp, I n c . , Shreveport, Louisiana, f o r
approval to acquire 100 percent of the voting shares of
F i r s t Mortgage Corporation of Shreveport, Shreveport,
Louisiana.
H.2, 1982 No. 7
- 20 APPLICATIONS RECEIVED-Continued
San
Francisco
Seaflrst Corporation, Seattle, Washington, for approval to
engage through Its wholly-owned subsidiary, Seaflrst Life
Insurance Company, in the activity of reinsuring group
mortgage l i f e insurance in connection with extensions of
credit by Seaflrst and i t s subsidiaries.
*
*
*
*
*
REPORTS RECEIVED
Ownership Statement Filed Pursuant to Section 13(d)
of the Securities Exchange Act
Bank of Green, Ruckersville, Virginia
(Filed by Frank L. Lamb)
*
*
*
*
*
PETITIONS FOR RULEMAKING
None.
@FedFRASER