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ANNOUNCEMENT BY
BOARD OP GOVERNORS
CP THE
FEDERAL RESERVE SYSTBf
H.2, 1985 No. 5
Actions of the Board
Applications and Reports Received
During the Week Biding February 2, 1985
APPLICBEra
RESERVE BANK
ACTIONS OP THE BOARD
Regulation Y, cerement reguested on proposal with regard to
permissibility of real estate investment for bank holding
companies and their direct and indirect nonhank subsidiaries;
comments should be received by the Board by March 29.
The Federal Reserve Board approved revised fee structures for
the definitive securities safekeeping and noncash collection
service, effective February 28.
Over-the-Counter Stocks, the Federal Reserve Board published
a revised list of OTC stocks that are subject to its margin
reoulations, effective February 12, 1985.
Appointment of six new members of the Thrift Institutions
Advisory Council, and designated Thomas R. Bcmar, President,
and Richard H. Deiho, as Vice President, for 1985.
William Taylor, promoted to Director of the Division of Banking
Supervision and Regulation, effective February 15.
New York
Constellation Bancorp, Elizabeth, New Jersey, extension of time
to March 18, 1985, within which to become a bank holding
company through the acquisition of The National State Bank,
Elizabeth, New Jersey. 1/
Cleveland
Mercantile
of time
percent
Banking
Cleveland
Cortland Bancorp, Cortland, Ohio, extension of time to May 9,
1985, within which to acquire Cortland Savings and Banking
Company, Cortland, Ohio. 1/
1/
Bancorp, Inc., Moundsville, West Virginia, extension
to April 30, 1985, within which to acquire 100
of the outstanding common stock of Mercantile
and Trust Company, Moundsville, West Virginia. 1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 5
- 2 -
ACTIONS OF THE BOARD - Continued
Richmond
Putnam County Bank, Hurricane, West Virginia, an investment in
bank premises. 1/
Richmond
Lowcountry Rancshares, Inc., Vamville, South Carolina, extension
of time to May 26, 1985, within which to become a bank
holding company through the acquisition of the successor by
merger to The Hampton County Bank, Vamville, South Carolina. 1/
Richmond
Suburban Bancorp, Bethesda, Maryland, extension of time to
May 1, 1985, within which to acquire Suburban Bank/Washington,
National Association, Washington, D. C., a de novo nonbank
bank. 1/
Atlanta
NCNB National Bank of Florida, Tampa, Florida, proposed merger
with NCNB National. Bank of Florida, Cross City; NCNB National
Bank of Florida, Gainesville; and NCNB National Bank of
Florida, Live Oak, Florida; report to the Comptroller of the
Currency on competitive factors. 1/
Atlanta
Sumter Bank and Trust Company, Americus, Georgia, proposed merger
with Farmers and Merchants Bank, Leslie, Georgia; report to
the Federal Deposit Insurance Corporation on competitive
factors. 1/
Atlanta
NCNB National Bank of
with NCNB National
NCNB National Bank
to the Comptroller
Atlanta
Landmark Bank of Tampa, Tampa, Florida, proposed merger with
Peoples Bank of Hillsborough, Riverview, Florida, and First
County Bank, Riverview, Florida; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
Chicago
MSI Bank of Racine, Racine, Wisconsin, an investment in bank
premises. 1/
Chicago
Citizens Commercial Savings Bank, Flint, Michigan, an investment
in bank premises. 1/
Chicago
Fort Madison Bank S Trust Co., Fort Madison, Iowa, an investment
in bank premises. 1/
Florida, Tampa, Florida, proposed merger
Bank of Florida, Blountstown, Florida, and
of Florida, Tallahassee, Florida; report
of the Currency on competitive factors. 1/
T 7 Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 5
- 3 ACTIONS OF TOE BOARD - Continued
Chicago
Midway Bank & Trust, Cedar Falls, Iowa, proposed merger with MBT
State Bank, Cedar Falls, Iowa, under the charter and. title
of Midway Bank & Trust; report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
Chicago
Landmark Financial Group, Inc., Belvidere, Illinois, extension
of time to April 22, 1985, within which to become a bank
holding company through the acquisition of the successor by
merger to The Belvidere National Bank and Trust Company,
Belvidere, Illinois, and The State Bank of Kirkland, Kirkland,
Illinois. 1/
Chicago
Highland Community Company, Chicago, Illinois, extension of time
to April 17, 1985, within which to acquire Highland Community
Bank, Chicago, Illinois. 1/
Chicago
Rensselaer Financial Corporation, Rensselaer, Indiana, extension
of time to March 17, 1985, within which to become a bank
holding company through the acquisition of State Bank of
Rensselaer, Rensselaer, Indiana. 1/
Chicago
American State Bancorp, Sheridan, Indiana, extension of time
to February 28, 1985, within which to become a bank holding
company through the acquisition of American State Bank of
Sheridan, Sheridan, Indiana. 1/
St. Louis
Merchants and Farmers Bank, Winona, Mississippi, proposed merger
with The Peoples Bank and Trust Company, Tupelo, Mississippi,
report to the Federal Deposit Insurance Corporation on
competitive factors. 1/
St. Louis
First National Bank of Raymond, Raymond., Illinois, proposed
merger with Second National Bank of Raymond, Raymond, Illinois;
report to the Comptroller of the Currency on competitive
factors. 1/
Minneapolis
Towner County Financial Corporation, Cando, North Dakota,
extension of time to March 5, 1985, within which to acquire
Towner County State Bank, Cando, North Dakota. 1/
Dallas
Austin Colony, Inc., Take Jackson, Texas, extension of time
to May 10, 1985, within which to acquire First National
Bank of Lake Jackson, Lake Jackson, Texas. 1/
T 7 Application processed on behalf of the Board of Governor? under delegated
authority.
H.2, 1985 No. 5
- 4 ACTIONS OF THE BOARD - Continued
San Francisco
Valley Bank of Nevada, Las Vegas, Nevada, extension of time to
August 6, 1985, within which to establish a branch at Cheyenne
Avenue and Tonopah Highway, North Las Vegas, Nevada. 1/
San Francisco
Valley Bank of Nevada, Las Vegas, Nevada, extension of time to
February 24, 1986, within which to establish a branch at
Westcliff and Rainbow Boulevard, Las Vegas, Nevada. 1/
San Francisco
National Bankshares of La Jolla, La Jolla, California, extension
of time to April 21, 1985, within which to begin operation of
National Bankshares Mortgage, Inc. 1/
San Francisco
Downey Bancorp, Downey, California, extension of time to May 1,
1985, within which to acquire Dcwnev National Bank, Dcwney,
California, a proposed new bank. 1/
San Francisco
Premier Bank, Northridge, California, proposed acquisition of
assets and assumption of liabilities of the Ventura office
of Union Bank, Los Angeles, California? report to the Federal
Deposit Insurance Corporation on carnoetitive factors. 1/
San Francisco
National Security Bank, Newport, Oregon, proposed acquisition
of assets and assumption of deposit liabilities of the Yachats
branch of the Oregon Bank, Portland, Oregon; report to the
Corrrotroller of the Currency on competitive factors. 1/
San Francisco
Trans Bankcorp Holdings N.V., Curacao, Netherlands Antilles,
extension of time to May 4, 1985, within which to acquire Trans
Bankcorp, Inc., Monterey Park, California. 1/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 5
- 5 ACTIONS OF THE BOARD - Continued
Tb Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Approved
Chicago
M&I Bank of Racine, Racine, Wisconsin. To establish a branch
office at 5005 Douglas Avenue, Racine, Wisconsin. 1/
Chicago
First-Citizens Bank and Trust Canpany, Greencastle, Indiana.
To establish a branch on the northeast comer of the inter
section of State Road 240 and County Road 100F. (in Wal-Mart
Shopping Center), Greencastle, Indiana. 1/
* * * * *
Tb Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
Richmond
Highlands Union Bank, Abingdon, Virginia. 1/
San Francisco
First Business Bank of Arizona, Phoenix, Arizona. 1/
* * * * *
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Not Disapproved
Minneapolis
Calumet Investment Company, Grand Rapids, Minnesota. 1/
Dallas
Milford Bancshares, Inc., Milford, Texas. 1/
Dallas
City National Bancshares, Inc., Carrollton, Texas. 1/
* * * * *
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 5
- 6 -
ACTIONS OF THE BOARD - Continued
To Merge Pursuant to Section 18(c)
of the Federal Deposit Insurance Act
Approved
New York
The Bank of New York, New York, New York, to purchase the assets
and assume the liabilities of a branch of The Hamburg Savings
Bank, Brooklyn, New York. 1/
* * * * *
Applications and Notifications far International
Inve s tments and Other Action 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 Ccnpanv Act of 1956, as amended
Approved
New York
Hill Samuel International Banking Corporation, New York,
New York: grants consent to sell currency options to
its U. S. corporate clients at the request and for the
account of these U.S. customers.
San Francisco
Seattle-First International Corporation, Seattle, Washington:
grants after the fact consent to Seattle-First International
Corporation, Seattle, Washington, for the withdrawal of $2.5
million from Edge's paid-in capital and the amendment of
article SEVENTH of its articles of association to reflect
the withdrawal and the change in Edge's authorized paid-in
capital from 500,000 shares at S10 par value to 1 million
shares at $5 par value.
* * * * *
Tb Farm a Bank Holding Company Pursuant to Section
3 (a) (1) o f the Bank Holding Canpany Act of 1956
Returned
New York
T7
Gateway Bancorp, Inc., Staten Island, New York, for approval
to acguire 100 percent of the voting shares of Gateway State
Bank, Staten Island, New York. 1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 5
- 7 ACTIONS OF TOE BOARD - Continued
Kansas City
Liberty State Bancshares, Inc., Tahlequah, Oklahoma, for approval
to acquire 85 percent of the voting shares of The Liberty
State Rank of Tahlequah, Oklahoma, Tahlequah, Oklahoma. 1/
Dallas
Texas State Bancshares, Inc., El Paso, Texas, for approval
to acquire at least 69.8 percent of the voting shares of
Bank of Sierra Blanca, Sierra Blanca, Texas.
Atlanta
Approved
Commercial Bancshares of Roanoke, Inc., Roanoke, Alabama,
for approval to acquire 100 percent of the voting shares
of The Ccirroereial Bank of Roanoke, Roanoke, Alabama. 1/
Atlanta
First State Holding Corp., Sulligent, Alabama, for approval
to acquire at least 80 percent of the voting shares of
First State Bank of Lamar County, Sulligent, Alabama. 1/
Chicago
D & H Investments, Inc., Cherokee, Iowa, for approval to acquire
100 percent of the voting shares of Valley Bank & Trust,
Cherokee, Iowa, a proposed new bank. 1/
Chicago
EMMETSBUFG BANK SHAPES, INC., Enmetsburg, Iowa, for approval to
aoauire 100 percent of the voting shares of Iowa Trust &
Savings Bank, Efrmetsburg, Iowa. 1/
St. Louis
Oran Bancshares, Inc., Oran, Missouri, for approval to acquire
at least 80.56 percent of the voting shares of Oran State
Bank, Oran, Missouri. 1/
Kansas City
Parker Bankshares, Incorporated, Parker, Colorado, for approval
to acquire 100 percent of the voting shares of First National
Bank of Parker, Parker, Colorado. 1/
Kansas City
Superior Bancshares, Inc., Kansas City, Missouri, for approval
to acquire 100 percent of the voting cannon shares of
Superior National Bank, Kansas City, Missouri. 1/
Dallas
CapitalBank Corporation, San Antonio, Texas, for approval to
acquire 100 percent of the voting shares of First City BankCentral Park, San Antonio, Texas.
Dallas
First Union Bancorporation, Inc., Laredo, Texas, for approval to
acquire 100 percent of the voting shares of Union National
Bank of Laredo, Laredo, Texas.
T7
Application processed on behalf of the Board of Governors under deleqated
authority.
H.2, 1985 No. 5
- 8 ACTIONS OF THE BOARD - Continued
Dallas
Foremost Bancshares, Inc., Houston, Texas, for approval to
acquire 100 percent of the voting shares of South Main
Bank, Houston, Texas.
Dallas
Marble Falls National Bancshares, Inc., Marble Falls, Texas,
for approval to acquire 100 percent of the voting shares
of Marble Falls National Bank, Marble Falls, Texas. 1/
Dallas
Southwest Bankers, Inc., San Antonio, Texas, for approval to
acquire 100 percent of the voting shares of San Antonio
Bancshares, Inc., San Antonio, Texas, and indirectly Bank
of San Antonio, San Antonio, Texas. 1/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Ccnpanv of 1956
Minneapolis
Cleveland
Withdrawn
State Bond and Mortgage Company, New Ulm, Minnesota, for
approval to acquire 100 percent of the voting shares of
National Bank of Camierce In Mankato, Mankato, Minnesota.
Approved
Ohio Bancorp, Youngstown, Ohio, for approval to acquire 100
percent of the voting shares of The Miners and Mechanics
Savings and Trust Ccmpany, Steubenville, Ohio. 1/
Cleveland
Toledo Trustcorp, Inc., Toledo, Ohio, for approval to acquire
100 percent of the voting shares of Trustcorp Ccmpany,
Colurtibus, Ohio, a proposed new bank. 1/
Richmond
Raleigh Bankshares, Jnc., Beckley, West Virginia, for approval
to acquire 100 percent of the shares of National Bank of
Summers, Hinton, West Virginia. 1/
Atlanta
Caribank Corporation, Dania, Florida, for approval to acquire
100 percent of the voting shares of Caribank of Palm Beach
County, Boca Raton, Florida, a proposed new bank.
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 5
- 9 ACTIONS OP THE B OW© - Continued
Atlanta
Sun Banks, Inc., Orlando, Florida, for approval to acquire u d
to 15 percent of the voting shares of Peoples Bank of lake
land, Lakeland, Florida.
Chicago
Bedford Bancorp, Bedford, Iowa, for approval to acquire 50
percent of the voting shares of D & H Investments, Inc.,
Cherokee, Iowa and indirect]y Valley Bank & Trust,
Cherokee, Iowa, a proposed new bank. 1/
St. Louis
County Bancorporation, Inc., Jackson, Missouri, for approval
to acquire 100 percent of the voting shares of Cape County Bank
of Cape Girardeau, Cape Girardeau, Missouri. 1/
Kansas City
Valley Bancshares, Inc., Pauls Valley, Oklahoma, for approval to
acquire 100 percent of the voting cannon shares of First
National Bank of Marlow, Marlow, Oklahoma, a proposed new
bank. 1/
* * * * *
Tb Expand a Bank Holding Ccnpany Pursuant to Section
3 (a) (5) o f the Bank Holding Caapany Act of 1956
Atlanta
Approved
First Railroad &Banking Company of Georaia, Augusta, Georgia,
for approval to acquire 100 percent of the voting shares of
National City Bankcorp, Rone, Georgia, and indirectly the
successor by merger to National City Bank of Rome,Rcme,
Georgia. 1/
* * * * *
Tb E xpand a Bank Holding Company Pursuant to Section
4 (c) (8) o f the Bank Holding Gcnpany Act of 1956
Returned
New York
T7
Horizon Bancorp, Morristown, New Jersey, for approval to engage
de novo in consumer lending and. deposit-taking through
Horizon State Bank of New York, New York, New York. 1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2r 1985 Nb. 5
- 10 ACTIONS OF THE BOARD - Continued
Chicago
Grand Ridge Bancorporation, Inc., Grand Ridge, Illinois,
notification of intent to engage in de novo activities
(in making and servicing loans) the geographic scope to
be served is the entire United States. (1/8/85)
Chicago
Northern Trust Corporation, Chicago, Illinois, notification
of intent to engage in de novo activities (in management
consulting advice to nonaffiliated depository institutions)
through its subsidiary, Northern Trust Services, Inc., Chicago,
Illinois. (1/30/85)
Kansas City
Walsh Bancorporation, Inc., Plymouth, Minnesota, notification
of intent to engage in de novo activities (in making and
servicing loans). (1/7/85)
San Francisco
New York
Moot
First Security Corporation, Salt Lake City, Utah, notifi
cation of intent to engage in de novo activities (in
general insurance agency and brokerage activities,
pursuant to section 225.25(b)(8) of Regulation Y as
subject to exemption G, Title VI, Gam-St Germain
Depository Institutions Act of 1982, serving the state
of Utah) (2/8/85)
Approved
Irving Bank Corporation, New York, New York, for approval
to acquire Irving Trust California, N.A., Los Angeles,
California, that m i l make cctrmercial loans but not
accept demand deposits, including NOW accounts.
New York
Irving Bank Corporation, New York, New York, for approval
to acquire Irving Trust Minnesota, N.A., Minneapolis,
Minnesota; Irving Trust New Hampshire, N.A., Nashua, New
Hampshire; and Irving Trust Vermont, N.A., Burlington,
Vermont, that will make commercial loans but not accept
demand deposits, including NGW accounts.
New York
Irving Bank Corporation, New York, New York, for approval to
acquire Irving Trust Illinois, N.A., Chicago, Illinois;
and Irving Trust Ohio, N.A., Cincinnati, Ohio, that will
make ccnmercial loans but not accept demand deposits,
including NCW accounts.
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 5
- 11 -
ACTIONS OF THE BOARD - Continued
Richmond
Maryland National Corporation, Baltimore, Maryland, for approval
to engage de novo in consumer lending and deposit-taking
through Maryland National Bank/D.C., Washington, D.C.
Atlanta
First Alabama Bancshares, Inc., Montgomery, Alabama, for approval
to acquire Real Estate Financing, Inc., Montgomery, Alabama. 1/
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 5
- 12 -
ACTIONS OF THE BOARD - Continued
Permitted
New York
Ccmpagnie Financiere de Suez and Banque Indosuez, both of
Paris, France, notification of intent to engage in de novo
activities (acting as an advisory company for mortgage
and real estate investment trusts; serving as an investment
advisor, as defined in section 2(a)(20) of the Investment
Company Act of 1940, to investment companies registered
under such act; providing portfolio investment advice to
other persons; furnishing general economic information
and. advice, general economic and statistical forecasting
services and industry studies; providing financial advice
to state and local governments, such as with respect to
the issuance of their securities; and conducting such
incidental activities as are necessary to carry out the
activities specified above) at 3000 Sand Hill Road,
Menlo Park, California, through their subsidiary,
Indosuez Investment Management Services (2/2/85) 3/
Cleveland
PNC Financial Corp, Pittsburgh, Pennsylvania, notification
of intent to engage in de novo activities (acting as an
investment or financial advisor to the extent of providing
portfolio investment advice to anv person other than an
investment company registered under the Investment Company
Act of 1940 fas permitted in Section 225.26(b)(4) of
Regulation Y} serving the United States, through its
subsidiary, Advanced Investment Management, Inc., Weirton,
West Virginia (2/1/85) 3/
St. Louis
First Western Bancshares, Inc., Booneville, Arkansas,
notification of intent to engage in de novo activities
(in originating ccnmercial, consumer and mortgage loans,
then selling such loans to investors; originating leases
for the account of third party lessors; brokering leases
is authorized by Regulation Y, Section 225.25(b)(5) in
Booneville, Arkansas, through its subsidiary, First
Western Loan Company (1/30/85) 3/
San Francisco
Cobanco, Inc., Santa Cruz, California, notification of
intent to engage in de novo activities (in providing
data processing services including transmitting and providing
data of a financial and economic nature, regarding automated
payroll, accounts receivable, accounts payable, general ledger
processing services and another permissible automated
services through a new data processing subsidiary (exact
37 Notification processed by Reserve Bank on behalf of the Beard of Governors
under delegated authority.
H.2, 1985 No. 5
- 13 ACTIONS OF THE BOARD - Continued
corporate title not determined}, Santa Cruz, California)
(1/31/85) 3/
San Francisco
New City Bancorp, Orange, California, notification of
intent to engage in de novo activities (in the operation
of an industrial loan ccrnpany licensed under California law,
which will offer consumer loans, {including purchasing dealer
paper connected with consumer transactions}, carmercial
loans {including working capital loans, inventory financing,
accounts receivable financing, and loans for business ex
pansion}, and investment certificates; will not accept demand
deposits {including negotiable order of withdrawal accounts})
through its subsidiary, New City Financial Thrift and Loan
Association, Anaheim, California (2/2/85) 3/
37 Notification processed by Reserve Bank on behalf of the Board of Governors
tinder delegated authority.
H.2, 1985 No. 5
- 14 ACTIONS OF THE BOARD - Continued
Application of the Board of Governors of the Federal Reserve System
For Prior Approved, of an Acquisition Pursuant to Section 5(b)
of the Bank Service Corporation Act, as Amended
Approved
Minneapolis
T7
Norwest Bank Minneapolis, N.A., Minneapolis, Minnesota, for
approval to invest in Norwest Investment Services, Inc.,
Minneapolis, Minnesota, a proposed bank service
corporation. 1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 5
- 15 APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
New York
United Jersey Bank, Hackensack, New Jersey. To establish an
offsite electronic facility at 22 Hospital Place; Hackensack
New Jersey. 2/
Richmond
United Virginia Bank, Richmond, Virginia. To establish a branch
at 1129 Gaskins Road, Richmond, Virginia. 2/
Atlanta
Sun Bank of Tampa Bay, Tampa, Florida. To establish a branch
office located at 7545 W. Hillsborough Avenue, Tampa,
Florida. 2/
Atlanta
Colonial Bank, Montgomery, Alabama. To establish a branch
located at 425 Birmingham-Montgcmery Highway, Jamison,
Alabama. 2/
Atlanta
St. Bernard Bank and Trust Company, Arabi, Louisiana.
establish a branch office in Reggio, Louisiana. 2/
To
* * * * *
To Establish an Overseas Branch of a Mather Bank
Pursuant to Section 25 of the Federal Reserve Act
St. Louis
Liberty National Bank and Trust Company of Louisville, Louisville,
Kentucky, for prior approval to establish a foreign branch
located in Grand Cayman Island, British West Indies.
* * * * *
To Form a Bank Holding Company Pursuant to Section
3 (a) (1) of the Bank Holding Company Act of 1956
New York
Ponce Bancorporation, Inc., Hato Rey, Puerto Rico, for approval
to acquire 100 percent of the voting shares of Banco de
Ponce, Ponce, Puerto Rico. 2/
27 Application subject to Ccmnunity Reinvestment Act. The Ccmnunity Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the ccument period.
H.2, 1985 No. 5
- 16 APPLICATIONS RECEIVED - Continued
Cleveland
FBC Bancshares, Inc., Lakeview, Ohio, for approval to acquire
100 percent of the voting shares of The Fanners Banking
Company, N.A., Lakeview, Ohio. 7J
Atlanta
First BancCrossville, Inc., Crossville, Tennessee, for approval
to acquire at least 80 percent of the voting shares of The
First National Bank of Crossville, Inc., Crossville,
Tennessee. 2/
Atlanta
First City Bancshares, Inc., New Orleans, Louisiana, for approval
to acquire at least 80 percent of the voting shares of First
City Bank, New Orleans, Louisiana. 2/
Atlanta
JBC Bancshares, Inc., Jasper, Georgia, for approval to acquire
at least 80 percent of the voting shares of Jasper Banking
Company, Jasper, Georgia. 2/
Chicago
D & H Investments, Inc., Cherokee, Iowa, for approval to acquire
100 percent of the voting shares of Valley Bank & Trust,
Cherokee, Iowa, a proposed new bank. 2/
Chicago
Montgomery Financial Corporation, Darlington, Indiana, for approval
to acquire at least 80.84 percent of the voting shares of
Farmers & Merchants State Bank, Darlington, Indiana. 2J
St. Louis
Correction:
The notice for CF Bancorp, Inc., Iouisville, Kentucky, for
approval to acquire Liberty United Bancorp, Inc., Louisville,
Kentucky and indirectly Citizens State Bank, Owensboro,
Kentucky which appeared on H.2 #2, 1985 was stated incorrectly.
It should have read CF Bancorp, Inc., to acquire 100 percent
of the voting shares of Citizens State Bank, Owensboro,
Kentucky. 2/
St. Louis
Kevil Bancorp, Inc., Kevil, Kentucky, for approval to acquire
86.6 percent of the voting shares of The Kevil Bank, Kevil,
Kentucky. 2/
St. Louis
Maeon-Atlarta Bancorp, Inc., Macon, Missouri, for approval to
acquire 100 percent of the voting shares of Macon Atlanta
State Bank, Macon, Missouri. 2/
2/ Application subject to Cannunity Reinvestment Act. The Carmunitv Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the eminent period.
H.2, 1985 No. 5
- 17 APPLICATIONS RECEIVED - Continued
Kansas City
American National Bancshares of Westlink, Inc., Wichita, Kansas,
for approval to acquire 100 percent of the voting shares of
American National Bank of Westlink, Wichita, Kansas, a pro
posed new bank. 2/
Kansas City
Fairfax Bancshares, Inc., Fairfax, Missouri, for approval to
acquire 100 percent of the voting shares of Exchange Bank
of Fairfax, Fairfax, Missouri. 2/
Kansas City
McHugh Investment Company, Murdock, Nebraska, for approval to
acquire at least 80 percent of the voting shares of C o m
Growers State Bank, Murdock, Nebraska. 2/
Kansas City
Skiatook Bancshares, Inc., Skiatook, Oklahoma, for approval
to acquire 100 percent of the voting shares of Exchange
Bancshares, Inc., Skiatook, Oklahoma and indirectly acquire
The Exchange Bank, Skiatook, Oklahoma. 2/
Kansas City
United Community Corporation, Shawnee, Oklahoma, for approval to
acquire 100 percent of the voting shares of Federal National
Bancshares, Inc., Shawnee, Oklahoma and indirectly The
Federal National Bank and Trust Company of Shawnee, Shawnee,
Oklahoma and Security State Bank, Comanche, Oklahoma; First
Stillwater Bancshares, Inc., Stillwater, Oklahoma and First
Union Corporation, Stillwater, Oklahoma and indirectly The
First National Bank and Trust Company of Stillwater, Still
water, Oklahoma; First Guthrie Bancshares, Inc., Guthrie,
Oklahoma and indirectly The First National Bank, Guthrie,
Oklahoma; Liberty State Bancshares, Inc., Tahlequah, Okla
homa and indirectly The Liberty State Bank, Tahlequah,
Oklahoma; Konawa Bancorporation, Inc., Konawa, Oklahoma
and indirectly Oklahoma State Bank, Konawa, Oklahoma; First
Seminole Bancorporation, Inc., Seminole, Oklahoma and
indirectly First National Bank, Seminole, Oklahoma; Sand
Springs Bancshares, Inc., San Springs, Oklahoma and indirectly
First Bank and Trust Company, Sand Springs, Oklahoma.; ABC
Bancshares, Inc., McAlester, Oklahoma and indirectly
American Bank of Commerce, McAlester, Oklahoma and Wilburton
State Bancshares, Inc., Wilburton, Oklahoma and indirectly
Wilburton State Bank, Wilburton, Oklahoma. 2/
Dallas
Carlsbad National Bancshares, Inc., Hobbs, New Mexico, for
approval to acquire 100 percent of the voting shares of
The Carlsbad National Rank, Carlsbad, New Mexico. 2/
2/ Application subject to Community Reinvestment Act. The Cannunity Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the comment period.
H.2, 1985 No. 5
- 18 APPLICATIONS RECEIVED - Continued
San Francisco
First Interstate Corporation of Alaska, Anchorage, Alaska,
for approval to acquire 100 percent of the voting shares
of First Interstate Bank of Alaska, Anchorage, Alaska. 2/
San Francisco
Founders Bank Corporation, Scottsdale, Arizona, for approval
to acquire 100 percent of the voting shares of Founders
Bank of Arizona, Scottsdale, Arizona, a proposed new bank. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3 (a) (3) of the Bank Holding Company Act of 1956
Philadelphia
National Penn Bancshares, Inc., Boyertcwn, Pennsylvania, for
approval to acauire 24.9 percent of the voting shares of
Chestnut Hill National Bank, Philadelphia, Pennsylvania,
a proposed new bank.
Atlanta
Barnett Banks of Florida, Inc., Jacksonville, Florida, for
approval to acquire 100 percent of the voting shares of
Cawthon State Bank, Defuniak Springs, Florida. 2/
Atlanta
First Bankers Corporation of Florida, Panpano Beach, Florida,
for approval to acquire 100 percent of the voting shares
of The First Bankers of Seminole County, N.A., Longwood,
Florida, a proposed new bank. 2/
Atlanta
Louisiana Bancshares, Inc., Baton Rouge, Louisiana, for approval
to acquire 100 percent of the voting shares of The State
National Bank of New Iberia, New Iberia, Louisiana. 2/
Chicago
Bedford Bancorp, Bedford, Iowa, for approval to acquire 50
percent of the voting shares of D & H Investments, Inc.,
Cherokee, Iowa and indirectly Valley Bank & Trust, Cherokee,
Iowa, a proposed new bank. 2/
Chicago
First American Bank Corporation, Elk Grove Village, Illinois,
for approval to acquire 67 percent of the voting shares of
Riverside National Bank, Riverside, Illinois.
Chicago
Iowa National Bankshares Corp., Waterloo, Iowa, for approval
to acquire 100 percent of the voting shares of Midway Bank &
Trust, Cedar Falls, Iowa. 2/
2/ Application subject to Ccmnunity Reinvestment Act. The Ccranunity Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the Garment period.
H.2, 1985 No. 5
- 19 -
APPLICATIONS RECEIVED - Continued
Chicago
R a w Hammes, Tnc., South Bend, Indiana, for approval to acquire
an additional 9.6 percent of the voting shares of Peoples
Bank of Marycrest, Kankakee, Illinois. 2/
Minneapolis
State Bond and Mortgage Company, New Ulm, Minnesota, for
approval to acquire 100 percent of the voting shares of
National Bank of Carmerce in Mankato, Mankato, Minnesota. 2/
Kansas City
First Guthrie Bancshares, Inc., Guthrie, Oklahoma, for approval
to acquire 9.9 percent of the voting shares of Liberty State
Bancshares, Inc., Tahlequah, Oklahoma and indirectly
acquire The Liberty State Bank of Tahlequah, Oklahoma,
Tahlequah, Oklahoma. 2/
Dallas
Security Bancorp, Inc., San Antonio, Texas, for approval to
acquire 100 percent of the voting shares of Security Bank
East, N.A., San Antonio, Texas, a proposed new bank. 2/
Dallas
Victoria Bankshares, Inc., Victoria, Texas, for approval to
acquire 100 percent of the voting shares of Molte Bancshares
Inc., Sequin, Texas and indirectly acquire Nolte National
Bank of Sequin, Sequin, Texas. 2/
* * * * *
To Expand a Bank Holding Canpany Pursuant to Section
4(c) (8) of the Bank Holding Ccnpany Act of 1956
Boston
Bank East Corporation, Manchester, New Hampshire, notification
of intent to engage in de novo activities (in mortgage
banking activities) serving all states located east of the
Mississippi River, through an as-vet-to-be-named subsidiary
(1/31/85)
New York
Irving Bank Corporation, New York, New York, for approval to
engage through a de novo subsidiary, Irving Trust Texas,
National Association, Dallas, Texas, in making loans and
other extensions of credit, and accepting deposits other than
demand deposits.
New York
Norstar Bancorp Inc., Albany, New York, for approval to acquire
Altman & Brown, Inc., Albany, New York, an employee benefit
planning and servicing firm.
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, 1985 No. 5
- 20 APPLICATIONS RECEIVED - Continued
Chicago
Northern Trust Corporation, Chicago, Illinois, notification of
intent to engage in de novo activities (in mortgage financing
with respect to agricultural real estate and catmercial finance
with respect to acrribusiness) through its subsidiary,
Agricultural Services, Inc., Oakbrook Terrace, Illinois.
(1/29/85)
Kansas City
FAM Financial, Inc., Macksville, Kansas, for approval to acquire
Johnson Insurance Agency, st. John, Kansas, and thereby engage
in general insurance activities.
Kansas City
United Camiunity Corporation, Shawnee, Oklahoma, for approval
to encrage in providing management consulting services to
depository institutions.
San Francisco
RankAmerica Corporation, San Francisco, California, and Seafirst.
Corporation, Seattle, Washington, notification of intent to
expand the de novo activities (to new include the sale of
involuntary unemployment insurance) through its subsidiary,
Seafirst Insurance Corporation, Seattle, Washington (1/29/85)
San Francisco
Grant S. Clark Investment Company, Salt Lake City, Utah, and
Davis County Bancorporation, Salt Lake City, Utah, notification
of intent to engage in de novo activities (in making, acquiring
and/or servicing loans for itself or for others of the type
made by a catmercial finance canpanv) the activities would be
conducted nationwide, through its subsidiary, DCB Capital
Corp., Salt Lake City, Utah. (1/28/85)
San Francisco
Pacific Regency Bancorp, El Toro, California, notification of intent
to engage in de novo activities (in full payout personal
property leasing) these activities would be conducted
nationwide, through its subsidiary, Pacific Regency
Bancorp, El Toro, California (2/1/85)
* * * * *
H.2, 1985 No. 5
- 21 APPLICATIONS RECEIVED - Oraitinued
REPORTS RECEIVED
None.
* * * * *
PETIT IONS FOR R D I B W O N G
None.
@FedFRASER