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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM " H. 2, 1989, No. 7 Actipns of the Pp^rd, its Staff, and ‘‘the F&eraltlReserve Banks; , ApplicatiQns and Reports Received (Duping Ending February 18, 1989. ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Continental Bank Corporation, Chicago, Illinois, and Continental Illinois Bancorp, Inc. — order denying application to acquire Grand Canyon State Bank, Scottsdale, Arizona. Authorized, February 15, 1989. Credit and Commerce American Holdings, N.V., Curacao, Netherlands Antilles; Credit and Commerce American Investment, B.V., Amsterdam, Netherlands; First American Corporation, Washington, D.C.; First American Bankshares, Inc., Washington, D.C.; Georgia Bankshares, Inc., Atlanta, Georgia; and National Bank of Georgia Corporation — to retain shares of Bank of Escambia, N.A., Pensacola, Florida. Approved, February 15, 1989. Long - Term Credit Bank of Japan — to engage in trading foreign exchange forward, futures, options and options on futures contracts for hedging purposes only through Greenwich Capital Markets, Inc., Greenwich, Connecticut. Approved, February 15, 1989. Weyerhaeuser Company, Federal Way, Washington, and BankAmerica Corporation, San Francisco, California — exemption from Regulation L for Philip M. Hawley. Granted, February 15, 1989. FORMS Monthly Volume of Transactions in the U.S. Foreign Exchange Market (FR 3036A, B, and C) — to initiate one-time survey. Proposed, February 16, 1989. TESTIMONY AND STATEMENTS Monetary policy report to Congress. Authorized, February 15, 1989. H .2 FEBRUARY 13, 1989 PAGE 2 TO FEBRUARY 17, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch at the intersection of Route 220 and Valley Avenue, Roanoke, Virginia. Approved, February 17, 1989. Chicago Comerica Bank - Detroit, Detroit, Michigan — to establish branches at 46420 and 46428 Gratiot, Michigan, and the Southwest corner of Grand River and Draka, Farmington, Michigan. Approved, February 14, 1989. St. Louis Sovran Bank / Memphis, Memphis, Tennessee — to establish a branch incident to merger with First National Bank of Collierville, Collierville, Tennessee. Approved, February 16, 1989. BANK HOLDING COMPANIES Richmond Chesapeake Bank Corporation, Chesapeake, Virginia — to acquire South Norfolk Loan Corporation. Approved, February 16, 1989. Minneapolis Conrad Company, Minneapolis, Minnesota — First Galleria Bank, Houston, Texas. Approved, February 16, 1989. Chicago Dana Corporation, Toledo, Ohio — determination regarding dual service of Roger Fredholm with Comerica Incorporated, Detroit, Michigan. Granted, February 17, 1989. Boston Eastern Savings Bancorp, Inc., Lynn, Massachusetts — to acquire Eastern Bank. Approved, February 17, 1989. Chicago First of America Bank Corporation, Kalamazoo, Michigan — to acquire Antrim Financial Corporation, Mancelona; Antrim County State Bank, and First of America Bank - Grand Traverse, National Association, Traverse City, Michigan. Approved, February 16, 1989. to acquire H .2 FEBRUARY 13, 1989 PAGE 3 TO FEBRUARY 17, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Four County Bancshares, Inc., Allentown, Georgia — to acquire The Four County Bank. Approved, February 14, 1989. Chicago Hasten Bancorp, Indianapolis, Indiana -- to engage de novo in securities brokerage services through Hasten Financial Services, Inc. Returned, February 13, 1989. Atlanta LCB Corporation, Inc., Fayetteville, Tennessee — to acquire North Alabama Bank, Hazel Green, Alabama. Withdrawn, February 13, 1989. Dallas Lower Rio Grande Valley Bancshares, Inc., ESOP, La Feria, Texas — to acquire Lower Rio Grande Valley Bancshares, Inc., and First National Bank of La Feria. Approved, February 16, 1989. Chicago Marshall & Ilsley Corporation, Milwaukee, Wisconsin — to acquire M&I Greater Waukesha Bank, Pewaukee, Wisconsin. Approved, February 17, 1989. San Francisco Mineral King Bancorp, Inc., Visalia, California — acquire Mineral King National Bank. Approved, February 13, 1989. Kansas City New Hampton Bancshares, Inc., New Hampton, Missouri — to acquire Security Bancshares, Inc., Albany, Missouri, and Bank of Gallatin, Gallatin, Missouri. Returned, February 16, 1989. S t . Louis Old National Bancorp, Evansville, Indiana — to acquire the successor by merger to Morganfield National Service Corp., Morganfield, Kentucky, and the Morganfield National Bank, Morganfield, Kentucky. Approved, February 17, 1989. St. Louis Old National Bancorp, Evansville, Indiana — to acquire the successor by merger to The First National Bank of Harrisburg, Harrisburg, Illinois. Approved, February 17, 1989. to H.2 FEBRUARY 13, 1989 PAGE 4 TO FEBRUARY 17, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Peoples National Bancshares of Checotah, Inc., Checotah, Oklahoma — to acquire Cantwell Insurance Agency, Inc., and engage in insurance agency activities. Returned, February 14, 1989. Minneapolis Perham State Bancshares, Inc., Perham, Minnesota — to engage de novo in loan activities. Permitted, February 17, 1989. Cleveland Society Corporation, Cleveland, Ohio — to engage de novo in investment advisory activities through Society National Trust Company, Naples, Florida. Permitted, February 17, 1989. Chicago Union Bancorporation, Defiance, Iowa — Defiance State Bank. Approved, February 15, 1989. S t . Louis Union Planters Corporation, Memphis, Tennessee — to acquire the successor by merger to Cumberland City Bank, Cumberland City, Tennessee. Approved, February 17, 1989. Kansas City United Bancshares of Nebraska, Inc., Omaha, Nebraska — to acquire Fremont Computer Services, Inc., and engage in data processing. Approved, February 17, 1989. San Francisco Western Bancshares, Inc., Coos Bay, Oregon — acquire Western Bank, Coos Bay, Oregon. Approved, February 15, 1989. Minneapolis Wood Lake Bancorporation, Inc., Wood Lake, Minnesota — to retain Simonson Insurance Agency, Hanley Falls, Minnesota. Approved, February 17, 1989. to acquire to H.2 FEBRUARY 13, 1989 PAGE 5 TO FEBRUARY 17, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Philadelphia Central Bank, Hollidaysburg, Pennsylvania — to acquire the Pleasant Valley Mall Branch, Altoona; the Logan Valley Mall Branch; and the remote service facility, Duncansville, Pennsylvania, of the United States National Bank, Johnstown, Pennsylvania. Approved, February 17, 1989. St. Louis Sovran / Memphis, Memphis, Tennessee — to merge with First National Bank of Collierville, Collierville, Tennessee. Approved, February 16, 1989. BANK PREMISES Philadelphia Central Bank, Hollidaysburg, Pennsylvania -investment in bank premises. Approved, February 17, 1989. CHANGE IN BANK CONTROL Dallas Bandera Bancshares, Inc., Bandera, Texas -- change in bank control. Permitted, February 17, 1989. Dallas Community Bank, Katy, Texas — control. Returned, February 15, 1989. Cleveland Mount Sterling National Holding Company, Mount Sterling, Kentucky — change in bank control. Permitted, February 14, 1989. Cleveland Oakwood Deposit Bank, Oakwood, Ohio — control. Permitted, February 17, 1989. Dallas Pedernales Investment Corporation, Johnson City, Texas — change in bank control. Permitted, February 17, 1989. change in bank change in bank H .2 FEBRUARY 13, 1989 PAGE 6 TO FEBRUARY 17, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta American National Bank of Brunswick, Brunswick, Georgia, proposed merger with American Bank of Southeast Georgia, Kingsland, Georgia — report on competitive factors. Submitted, February 13, 1989. St. Louis Bank of Perryville, Perryville, Missouri, proposed merger with West Ste. Maries Street Phantom Bank report on competitive factors. Submitted, February 15, 1989. St. Louis Boatmen1s National Bank of St. Louis, St. Louis, Missouri; Boatmen’s Bank of Jefferson County, Festus; Boatmen’s Bank of 0 ’Fallon, 0 ’Fallon, proposed merger w ith Centerre Bank National Association, St. Louis, Missouri — report on competitive factors. Submitted, February 15, 1989. Chicago First American Bank of Riverside, Riverside, Illinois, proposed acquisition of assets and assumption of liabilities of deposits made in the Chicago, Illinois, Branch of Dai - Ichi Kangyo Bank, Ltd. — report on competitive factors. Submitted, February 16, 1989. Dallas First Texas Bank - Irving, N.A., Irving, Texas, proposed merger with First Texas Bank, Dallas, Texas — report on competitive factors. Submitted, February 15, 1989. Dallas International Bank of Commerce, N .A . , San Antonio, San Antonio, Texas, proposed merger with International Bank of Commerce of Laredo, Laredo, Texas — report on competitive factors. Submitted, February 15, 1989. Cleveland Monogram Bank, USA, Blue Ash, Ohio, proposed merger with The Monogram Bank, -- report on competitive factors. Submitted, February 13, 1989. Chicago Pembine - Wausaukee Bank, Crivitz, Wisconsin, proposed merger with New Bank of Pembine-Wausaukee -- report on competitive factors. Submitted, February 13, 1989. H.2 FEBRUARY 13, 1989 PAGE 7 TO FEBRUARY 17, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Republic National Bank, Columbia, South Carolina, proposed purchase of assets and assumption of liabilities of ten branches of First Union National Bank of South Carolina, Greenville, South Carolina — report on competitive factors. Submitted, February 13, 1989. EXTENSIONS OF TIME Boston Bank of Boston Corporation, Boston, Massachusetts — extension to May 6, 1989, to engage de novo in underwriting and dealing in certain securities through BancBoston Securities, Inc. Granted, February 13, 1989. S t . Louis Banterra Corp., Eldorado, Illinois — extension to March 18, 1989, to acquire the Hamilton County Bank, Me Leansboro, Illinois. Granted, February 14, 1989. Kansas City Commerce Bancshares, Inc., Kansas City, Missouri — extension to March 18, 1989, to acquire Midwest Financial Group, Inc., Peoria, Illinois. Granted, February 16, 1989. Chicago Community Bancorp, Inc., St. Charles, Michigan — extension to June 5, 1989, to acquire Community State Bank of St. Charles. Granted, February 14, 1989. Richmond Financial Institutions Holding Corporation, Riverdale, Maryland — extension to May 23, 1989, to acquire The Bank of Bowie, Bowie, Maryland. Granted, February 16, 1989. Richmond F & M Bank, Richmond, Virginia — extension to April 22, 1990, to establish a branch at Cooper Mill Trace and Broad Street Road. Granted, February 17, 1989. San Francisco Greater Pacific Bancshares, Whittier, California — extension to May 26, 1989, to acquire Bank of Whittier, N.A. Granted, February 13, 1989. H.2 FEBRUARY 13, 1989 PAGE 8 TO FEBRUARY 17, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Richmond Mellon Bank (MD), Rockville, Maryland — extension to June 30, 1989, to establish an Electronic Funds Transfer facility at 19209 Watkins Mill Road, Gaithersburg, Maryland. Granted, February 13, 1989. New York Saban S.A., Panama City, The Republic of Panama — extension to May 17, 1989, to acquire additional shares of Republic New York Corporation, New York, New York. Granted, February 16, 1989. San Francisco Security Pacific Business Credit, Los Angeles, California — extension to divest certain company. Granted, February 16, 1989. Cleveland Fayette Bank and Trust Company, Uniontown, Pennsylvania — to become a member of the Federal Reserve System. Approved, February 17, 1989. MEMBERSHIP H.2 ADDITIONS AND CORRECTIONS FEBRUARY 13, 1989 PAGE 9 TO FEBRUARY 17, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY " ■■■■ ...............i i ■ ii ■ ............................. .................. — ------------- --------------------- . " ' ' BANK KOLPINO COMPANIES N«w York National Bank of Canada# Montreal# Canada — to engage de novo in nonbanking activities through National Canada Corporation# Chicago# Illinois. Returned# January 17# 1989. BANK PREMISES Cleveland Citizens Bank# Strasburg# Ohio — premises. Approved# February 9# 1989. investment in bank FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Coitnent Period Ending Date' NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Continent Period Ending ,Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Coranent Period Ending Date United Saver's Bancorp, Inc., Manchester, Nev? Hampshire 4 (c)(8) application to engage in loan servicing activities Federal Register UST Corp., Boston, Massachusetts - 4 (c)(8) de novo notification to engage in making and servicing loans to key officers/employees to finance the exercise of their shell options granted under UST's current and future incentive shell option plans up to an aggregate ceiling of $1.5 million pursuant to the introductory paragraph of section 225.25(b)(1) of Regulation Y Federal Register 3-8-89 Not Yet Published SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER. OR NEWSPAPER NOTICE Application NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ____________ Notice Only__________ United Jersey Bank/Ccmmercial Trust, Jersey City, New Jersey to establish a branch at 700 Plaza Drive, Nynex Building, Secaucus, New Jersey.1/ 3/9/89 Manufacturers and Traders Trust Company, Buffalo, New York to establish a branch at 2330 Maple Road, Amherst, New York.l/ 3/14/89 United States Trust Company of New York, New York, New York to establish a branch at 111 Broadway, New York, New York.l/ 3/20/89 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Northern New York Bancorp, Inc., Alexandria Bay, New York to become a bank holding company with respect to The Redwood National Bank, Alexandria Bay, New York.l/ 3/8/89 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Societe Generale, Paris, France to engage through its subsidiary, Societe Generale Options-North America, Inc., in acting as the specialist on the Philadelphia Stock Exchange in Deutschemark and Japanese yen options. 2/28/89 Citicorp, New York, New York to engage in leasing personal property in reliance on residual values in excess of 20 percent. 1/ 2/ 3/ 3/10/89 Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available Federal Reserve Bank of New York Comment Period Ending Date SECTION IV Applications Not Involving ______ Public Comment______ Citibank, N.A., New York, New York, for its branches in Pakistan to invest in units of the National Investment (Unit) Trust, Karachi, Pakistan. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment P eriod Ending Date None. SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment P erio d Ending Date None. SECTION I I I - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment P erio d Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE* OR NEWSPAPER NOTICE None. JJ Subject to p r o v is io n s o f Community Reinvestment A ct. *N/A - not yet a v a i la b le . Ten Independence Mall, Philadelphia, PA 1910d-15, 4, (215) 574-6000 Fe d e r a l R eserve B an k of Cleveland P o. BOX S 3Q 7 C L E V E L A N D , O H I O -44-IOI SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING Received Section 3(a)(1) application on February 14, 1989 from North East Bancshares, Inc., North East, Pennsylvania, to acquire The National Bank of North East, North East, Pennsylvania. * N - March 22, 1989 SECTION Ml - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Notification on February 16, 1989 from Hyden Citizens Bankcorp, Inc., Hyden, Kentucky, to engage dfi novo in the consumer finance business pursuant to Section 225.25(b) (1) of Regulation Y through a wholly-owned subsidiary, Appalachian Finance Co., Hyden, Kentucky. * # N F - Not Yet Known # Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period Federal Reserve Bank of Cleveland P. O. BOX 6307 CLEVELAND,OHIO AA\Q\ SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received notice on February 13, 1989 from Commerce Bancorp, Inc., Eubank, Kentucky, of its intent to acquire up to 18,875 shares of its common stock. * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Citizens Bank of Tazewell, Tazewell, Virginia, request for permission to establish a branch at Railroad Avenue and Third Street, Richlands, Virginia.* 3-3-89 Union Bank and Trust Company, Bowling Green, Virginia, request for permission to establish a branch at 700 Kenmore Avenue, Fredericksburg, Virginia.* 3-10-89 The Lunenburg County Bank, Kenbridge, Virginia, request for permission to establish a branch in the South Hill Professional Building, 828 North Mecklenburg Avenue, South Hill, Virginia.* 3-13-89 Bruceton Bank, Bruceton Mills, West Virginia, request for permission to establish a branch in the Kroger Store located on State Route 7 in the Sabraton area, Morgantown, West Virginia.* 3-13-89 Central Fidelity Bank, Richmond, Virginia, request for permission to establish a branch at the intersection of Route 221 and Graves Mill Road, Forest, Virginia.* 3-15-89 Citizens Bank of Virginia, Arlington, Virginia, a nonoperating bank, for membership in the Federal Reserve System.* 3-15-89 Citizens Bank of Virginia, Arlington, Virginia, a nonoperating bank, for prior approval to merge with Arlington Bank, Arlington, Virginia.* 3-15-89 *Application is subject to CRA. Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Virginia Bank, Falls Church, Virginia, request for permission to establish a branch near the intersection of West Dahlgren Road (Route 206) and Route 301, Dahlgren, Virginia.* 3-15-89 Hallmark Bank & Trust Company, Springfield, Virginia, request for permission to establish a branch at 7021 Manchester Boulevard, Alexandria, Virginia.* 3-16-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Citizens Bancorp, Riverdale, Maryland, for prior approval to acquire Arlington Bank, Arlington, Virginia.* 3-15-89 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Application is subject to CRA. February 20, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section I •• Applications Subject To Newspaper Notice Only Application Comment Period Ending Date Boca Bank Boca Raton, Florida To merge with First Ccrtmercial Bank of Florida, Boca Raton, Florida. Section II - Applications Subject to Both Newspaper and FedercJ. Register Notice Application Ccrcment Period Ending Date Phenix'-Girard Bancshares, Inc. 03-09-89 Phcnix City, Alabama Federal Register 1-BHC formation, Phenix-Girard Bank, Phenix City, Alabama. Citizens National Corporation Naples, Florida 1-BHC formation, Citizens National Bail; of Naples, Naples, Florida. Gulf Bank 03-03-89 Miami, Florida Newspaper Change in control by Salvador Eonilla-Soca and Salvador Eonilla-Mathe to retain 4.25 percent and to acquire an additional 5 percent of the outstanding shares of cannon stock that will increase total ownership to 29.9 percent. North Florida Bank Corporation Madison, Florida Change in control by Edwin B. Browning, Jr., et. al., to acquire an additional 6.76 percent of the outstanding shares that will increase totcil ownership to 16.79 percent. Nu-Bancorp, Inc. Boca Raton, Florida To become a bank holding company by acquiring Boca Bank, Boca Raton, Florida and First Ccnmercial Bank of Florida, Boca Paton, Florida. Lanier Banks hares, Inc. Gainesville, Georgia 1-BHC formation, Lanier National Bank, Gainesville, Georgia (in organization). February 20, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date PNB Bankshares, Inc. Peachtree City, Georgia 1-BHC formation, Peachtree National Bank, Peachtree City, Georgia. Security Bancorp, Inc. 03-10-89 Canton, Georgia Federal Register and Newspaper 1-BHC formation, Security State Bank, Canton, Georgia (in organization). Section IV Applications Not Subject To Federal Register Notice or Newspaper ‘ Application Comment Period Ending Date First National Financial Corporation Vicksburg, Mississippi Notice for proposed interlocking service, pursuant to section 5 of the Management Interlocks Revision Act of 1988. Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER Application Comment Period Ending Date Section 4(c)(8) notification by City Bancorp, Inc., Murphysboro, Illinois, to retain ownership of Carboro, Ltd., Murphysboro, Illinois, a company engaged in credit insurance underwriting as re-insurer (Not available) SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only_______ Comment Period Ending Date Application Farmers State Bank Viborg, SD To establish a de novo branch in Beresford, South Dakota* 2-28-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application FNB Bancshares, Inc. Iron Mountain, MI To acquire First National Bank Iron Mountain, MI* 3-3-89 (Federal Register) First Southeastern Banc Group, Inc. Harmony, MN To acquire Fillmore County Bancshares, Inc. Canton, MN* 3-3-89 (Federal Register) A. N. Roberts and Emma L. Roberts To acquire an additional 2.16% of Flathead Lake Bancorporation, Inc., Poison, MT 3-3-89 (Federal Register) Peoples Bankshares, Inc. Parshall, ND To acquire Peoples Bank and Trust Parshall, ND* Not yet available Section III - Applications Subject to Federal Register Notice Only Application First Bank System, Inc. Minneapolis, MN To engage de novo in making and servicing loans for its own account. ♦Subject to CRA Comment Period Ending Date Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Peoples Bankshares, Inc. Parshall, ND To redeem 41% of its voting shares. The Conrad Company Minneapolis, MN To acquire First Galleria Bank Houston, TX Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD E N D I N G D ATE None. SECTION II - APPLICATIONS SPBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION C O M M E N T P E R I O D E N D I N G D ATE R o b e r t H. Strat o n , K a n s a s City, M i s s o u r i , for a p p r o v a l to reta i n his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in P e m b r o k e B a n c s h a r e s , K a n s a s City, M i s s o u r i , of 39.84 percent. No t A v a i l a b l e W a y n e M ajor, R i v e r t o n , Wyomi n g , for p r i o r a p p r o v a l to i n c r e a s e his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in R i v e r t o n S t a t e Bank H o l d i n g C o m p a n y , R i v e r t o n , W y o m i n g , by 1.37 p e r c e n t to 11.82 p e r c e n t . Not A v a i l a b l e F a r m e r s B a n c s h a r e s , Inc., M a y s v i l l e , M i s s o u r i , for pri o r a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of T h e F a r m e r s Ba n k of M a y s v i l l e , Maysville, Missouri.* No t A v a i l a b l e C a r l D. W o o l d r i d g e an d M a r s h a L. Wooldridge, Wilburton, Oklahoma, for p r i o r a p p r o v a l to i n c r e a s e their p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in F i r s t L a t i m e r C o r p . , I n c . , W i l b u r t o n , O k l a h o m a , by 85.37 p e r c e n t to 100 p e r c e n t . Not A v a i l a b l e C o m m e r c e B a n c s h a r e s , Inc., K a n s a s City, M i s s o u r i , for prior a p p r o v a l t o a c q u i r e 21 p e r c e n t of the v o t i n g s h a r e s of F i r s t B a n k e r s T r u s t s h a r e s , I n c . , Quincy, Illinois.* Not A v a i l a b l e Federal Reserve Bank of Kansas City First N a t i o n a l A g e n c y , Inc., Exeter, N e b r a s k a , for prior a p p r o v a l t o a c q u i r e an additional 14 p e r c e n t of the v o t i n g shares of First N a t i o n a l B a n k of Exeter, Exeter, N e b r a s k a . * March S teven O ' B r a t e , Andre w s , Texas, for appro v a l to r e t a i n his p r o p o r t i o n ate o w n e r s h i p i n t e r e s t in Ingalls I n s u r a n c e A g e n c y , Inc., Ingalls, Kansas, of 4 5 . 9 5 percent. February 27, 1989 P h i l i p L. P a n k o n i n , Louisville, Nebra s k a , for a p p r o v a l to retain his p r o p o r t i o n a t e o w n e r s h i p interest in L o u i s v i l l e Company, Loui s v i l l e , N e b r a s k a , of 28.67 percent. F e b r u a r y 28, 1989 NNB B a n c s h a r e s , Inc., Gladstone, Missouri, for pr i o r approval to b ecome a ba n k h o l d i n g company through the a c q u i s i t i o n of 100 p e rcent of the v o t i n g shares of N o r t h l a n d N a t i o n a l Bank, Gladstone, M i s s o u r i .* March SECTION 3, 3, 1989 1989 III - A P P L I C A T I O N S S D B J E C T T O F E D E R A L R E G I S T E R NOTICE ONLY COMMENT PERIOD ENDING DATE APPLICATION N:>ne. SECTION IV - APPLICATIONS NOT SPBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Wo o d & H u s t o n B a n c o r p o r a t i o n , Inc., Marshall, M i s s o u r i , for prior appro v a l to r e d e e m 3,000 shares of its own v o t i n g c o m m o n stock. Federal Reserve Bank of Kansas City F i r s t L a t i m e r C orp., Inc., W i l b u r t o n , O k l a h o m a , for p r ior a p p r o v a l to r e d e e m 3 1 , 5 8 7 s h a r e s of it s ow n v o t i n g c o m m o n stock. G r e a t e r M e t r o Ba n k H o l d i n g C ompany, A u r o r a , C o l o r a d o , for p r ior a p p r o v a l to r e d e e m 5 9,204 s h a r e s of its ow n v o t i n g c o m m o n stock. ♦ A p p l i c a t i o n is s u b j e c t to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 20, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Harvey Bancorporation, Inc., Dallas, TX to acquire Preston Forum National Bank of Dallas, Dallas, TX 89/03/20 Change in Control Notice by Vernon P. Hearn, Houston, TX to acquire an interest in Houston City Bancshares, Inc., Houston, TX Change in Control Notice by Sam K. Kendrick Testamentary Trust, Dallas, TX to acquire an interest in Parker County Bancshares, Inc., Weatherford, TX N/A 89/02/17 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 2/17/89 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Liberty Bank, South San Francisco, California, to acquire Boulder Creek Branch of Pacific Western Bank, San Jose, California. * Newspaper: Not available Section II - Applications Subject to Both Newspaper and Federal Register Notice Phillip Rocco, Santa Ana, California, to increase his ownership from 12.18 percent to 24.36 percent of California City Bancorp, Orange, California. Newspaper: 3/03/89 Fed. Reo.: 2/24/89 First Bancorp, Inc., Ketchikan, Alaska, to acquire First Bank, Ketchikan, Alaska. * Newspaper: Not available Fed. Reo.: 3/09/89 Moore Financial Group, Incorporated, Boise, Idaho, to acquire a newly chartered national bank, located in Boise, Idaho, (title to be established at a later date). * Newspaper: 3/11/89 Fed. Reo.: Not available M. Dale Rust, Sandy, Utah, to increase ownership from 10.09 percent to 11.14 percent of Guardian Bancorp, Salt Lake City, Utah. Newspaper: 3/06/89 Fed. Reo.: 3/13/89 Section III - Applications Subject to Federal Register Notice Only The Sumitomo Bank, Limited, Osaka, Japan, to engage in unlisted interest rate/currency swap activities. Fed. Reo.: Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.