The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1991, NO. 5 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending February 2, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Dai - Ichi Kangyo Bank, Limited, Tokyo, Japan — to engage in underwriting and dealing in certain securities to a limited extent, private placement, riskless principal, financial and investment advisory activities, and full service brokerage through DKB Securities Corporation, New York, New York. Approved, January 28, 1991 . DISCOUNT RATES Discount rates — decrease to 6 percent from 6-1/2 percent by the Federal Reserve Banks of Boston, New York, Philadelphia, Richmond, Chicago, Kansas City, and Dallas. Approved, February 1, 1991. REGULATIONS AND POLICIES Regulation CC — to provide for same - day settlement for checks presented by private - sector banks (Docket R-0723). Proposed, January 30, 1991. 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 HOLDING COMPANIES Kansas City AmVestors Financial Corporation, Topeka, Kansas registration statement. Withdrawn, January 29, 1991. St. Louis Breckenridge Bancshares Company, St. Ann, Missouri — to acquire the successor by merger to the Centennial Bank. Approved, January 30, 1991 . — H .2 JANUARY 28, 1991 PAGE 2 TO FEBRUARY 1, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco Dai - Ichi Kangyo Bank, Limited, Tokyo, Japan — to acquire commercial finance assets from certain subsidiaries of First Fidelity Bancorporation, Newark, New Jersey. Approved, January 30, 1991. New York Financial Holdings El - Yam Limited, Tel Aviv, Israel, and El - Yam Ships Limited, Haifa, Israel et al — to acquire IDB Bank Holding Corporation Limited, Tel Aviv, Israel. Withdrawn, January 31, 1991. Atlanta First Florida Banks, Inc., Tampa, Florida, and 7L Corporation — to acquire Mid - State Federal Savings Bank, F.S.B., Ocala, Florida. Withdrawn, January 29, 1991. Chicago First Midwest Corporation of Delaware, Elmwood Park Illinois — to acquire Oquawka Bancshares, Inc., Oquawka, Illinois, and Bank of Oquawka. Approved, January 30, 1991. St. Louis First National Bancorp of Columbia, Inc., Columbia, Kentucky — to acquire the successor by merger to The First National Bank of Columbia. Approved, January 30, 1991. Minneapolis Folden Financial Corporation, Hendricks, Minnesota to acquire the First Security Bank - Hendricks. Approved, January 29, 1991. Atlanta Investors Financial Corporation, Bainbridge, Georgia — to acquire Bainbridge National Bank. Approved, January 28, 1991. Dallas Landmark Bancshares, Inc., Euless, Texas — acquire Landmark Bank - Mid Cities. Approved, January 30, 1991. Chicago Liberty Bancorporation, Durant, Iowa — to acquire Bennett Bancshares, Inc., Bennett, Iowa, and Bennett State Bank. Approved, February 1, 1991. to H .2 JANUARY 28, 1991 PAGE 3 TO FEBRUARY 1, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES S t . Louis Lincolnland Bancorp, Inc., Dale, Indiana — to engage in insurance agency activities through AyerWagoner Insurance Agency, Inc., Rockport, Indiana, and the Deal Insurance Agency, Inc. Permitted, January 30, 1991. Secretary Manufacturers Hanover Corporation, New York, New York — to acquire certain commercial finance assets and other assets from subsidiaries of First Fidelity Bancorporation, Newark, New Jersey. Approved, January 30, 1991. Kansas City Meader Insurance Agency, Waverly, Kansas — to acquire Coffey County Bank Shares, Burlington, Kansas, and The Strawn State Bank. Approved, February 1, 1991. Kansas City North Park Bancshares, Inc., Walden, Colorado — acquire North Park State Bank. Approved, January 30, 1991. New York Northern New Jersey Financial Corp., Roxbury Township, New Jersey — to acquire Northern Jersey State Bank. Withdrawn, February 1, 1991. Chicago Pilot Grove Savings Bank Employee Stock Ownership Plan, Pilot Grove, Iowa — to acquire Pilot Bancorp, Inc., and Pilot Grove Savings Bank. Approved, January 30, 1991. San Francisco Security Bank Holding Company, Coos Bay, Oregon — to engage de novo in data processing through Security Data Processing Services. Permitted, January 30, 1991. New York Skandinaviska Enskilda Banken, Stockholm, Sweden -to retain Scandinavian Bank Group PLC, London, England, and engage indirectly in securities brokerage activities through Skandinavian American Securities, Inc., New York, New York. Approved, February 1, 1991. to H .2 JANUARY 28, 1991 PAGE 4 TO FEBRUARY 1, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Richmond South Carolina National Corporation, Columbia, South Carolina — to acquire Old Republic Bancorp, Inc., Rocky Mount, North Carolina, and Old Republic Savings Bank, Inc. Approved, January 31, 1991. Chicago 1st Source Corporation, South Bend, Indian — to acquire Mortgage Acquisition Company, and engage in lending activities. Approved, February 1, 1991. BANK MERGERS Secretary Fleet Bank of Maine, Portland, Maine, to merge with Maine Savings Bank, and to establish branches. Approved, February 1, 1991. BANK PREMISES New York Chemical Bank, New York, New York — bank premises. Approved, February 1, 1991. investment in Chicago Fort Madison Bank & Trust Co., Fort Madison, Iowa — investment in bank premises. Approved, January 29, 1991. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — investment in bank premises. Approved, January 29, 1991. CAPITAL STOCK Chicago Avoca Financial Services, Inc., Council Bluffs, Iowa — redemption of shares. Returned, January 30, 1991. H .2 JANUARY 28, 1991 PAGE 5 TO FEBRUARY 1, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City Capital Bancshares, Inc., Brookfield, Missouri — change in bank control. Permitted, January 31, 1991. Dallas Crockett County National Bancshares, Inc., Ozona, Texas — change in bank control. Permitted, February 1, 1991. San Francisco Liberty Bank, South San Francisco, California -change in bank control. Permitted, February 1, 1991, Minneapolis Olivia Bancorporation, Inc., Olivia, Minnesota -change in bank control. Permitted, February 1, 1991. Kansas City Prague Company, Omaha, Nebraska -- change in bank control. Permitted, January 31, 1991. COMPETITIVE FACTORS REPORTS Dallas American State Bank, Lubbock, Texas, proposed merger with Liberty State Bank report on competitive factors. Submitted, January 29, 1991. New York Anchor Savings Bank FSB, Hewlett, New York, proposed merger with ASB Interim Savings Bank — report on competitive factors. Submitted, January 29, 1991. Kansas City Bank of Tuttle, Tuttle, Oklahoma, proposed acquisition of certain assets and assumption of deposit liabilities of the Newcastle branch of Central Bank of Oklahoma City, Oklahoma City, Oklahoma — report on competitive factors. Submitted, January 29, 1991. Atlanta First Interstate Bank of Lea County, Hobbs, New Mexico, proposed merger with United New Mexico Bank at Lea County — report on competitive factors. Submitted, January 29, 1991. H .2 JANUARY 28, 1991 PAGE 6 TO FEBRUARY 1, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City First National Bank of Kingman, Kingman, Kansas, proposed merger with Kingman Savings and Loan Association — report on competitive factors. Submitted, January 28, 1991. S t . Louis First State Bank of Farmington, Farmington, Missouri, proposed purchase of certain assets and assumption of certain liabilities of Capital Bank of Cape Girard County, Cape Girard, Missouri — report on competitive factors. Submitted, February 1, 1991. Boston Granite Bank, Keene, New Hampshire, proposed merger with the Granite Acquisition Trust Company — report on competitive factors. Submitted, February 1, 1991. Richmond Guaranty National Bank of Huntington, Huntington, West Virginia, proposed merger with Guaranty Interim National Bank, Lavalette, West Virginia — report on competitive factors. Submitted, February 1, 1991. Richmond Lavalette State Bank, Lavalette, West Virginia, proposed merger with Guaranty Interim National Bank — report on competitive factors. Submitted, February 1, 1991. Atlanta Mountain National Bank, Tucker, Georgia, proposed merger with Mountain National Interim Bank — report on competitive factors. Submitted, February 1, 1991. Philadelphia Ocean National Bank, Point Pleasant Beach, New Jersey, proposed merger with Bay State Bank, Ship Bottom, New Jersey — report on competitive factors. Submitted, February 1, 1991. H .2 JANUARY 28, 1991 PAGE 7 TO FEBRUARY 1, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY DISCOUNT RATES Secretary Discount rates — decrease to 6 percent from 6-1/2 percent by the Federal Reserve Banks of Cleveland, St. Louis, Minneapolis, and San Francisco. Approved, February 1, 1991. EXTENSIONS OF TIME Atlanta BJC Holdings, Inc., Graceville, Florida — extension to May 6, 1991, to acquire Bank of Jackson County. Granted, February 1, 1991. Richmond Carolina First Corporation, Greenville, South Carolina — extension to April 28, 1991, to acquire two branches of American Federal Bank, F.S.B. Granted, January 31, 1991. Atlanta Citizens National Corporation, Naples, Florida — extension to April 28, 1991, to acquire Citizens National Bank of Naples. Granted, February 1, 1991. S t . Louis First Commercial Corporation, Little Rock, Arkansas - extension to March 18, 1991, to engage de novo in trust activities through First Commercial Trust Company, N.A. Granted, January 31, 1991. Philadelphia First Eastern Corporation, Wilkes-Barre, Pennsylvania — extension to dispose of certain assets. Granted, January 29, 1991. Chicago First Peoria Corp., Peoria, Illinois — extension to May 12, 1991, to acquire The Tazewell County National Bank of Delavan, Delavan, Illinois. Granted, January 30, 1991. Staff Director BS&R Fleet / Norstar Financial Group, Inc., Providence, Rhode Island — extension to divest certain stock. Granted, January 29, 1991. Chicago Midlothian State Bank Employees Stock Ownership Trust, Midlothian, Illinois — extension to May 20, 1991, to acquire Midlothian State Bank. Granted, February 1, 1991. H .2 JANUARY 28, 1991 PAGE 8 TO FEBRUARY 1, 1991* ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco National Bancorp of Alaska, Inc., Anchorage, Alaska extension to divest certain property. Granted, January 29, 1991. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — extension to May 7, 1991, to acquire shares of Peoples Bank of Lakeland, Lakeland, Florida. Granted, February 1, 1991. San Francisco U.S. Bancorp, Portland, Oregon — certain property. Granted, January 29, 1991 . extension to divest INTERNATIONAL OPERATIONS Staff Director BS&R Manufacturers Hanover Trust Company, New York, New York — to establish Manufacturers Hanover Trust Bank A.S., Istanbul, Turkey. Permitted, January 29, 1991 . New York Northern Jersey State Bank, Roxbury Township, New Jersey — to become a member of the Federal Reserve System. Withdrawn, February 1, 1991. MEMBERSHIP ADDITIONS AND CORRECTIONS H .2 JANUARY 28, 1991 PAGE 9 TO FjEBRUARY 1, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Regulation C — exemption from the Home Mortgage Disclosure Act for certain financial institutions in Connecticut (Docket R-0719). Proposed, December 19, 1990. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco BankAmerica Corporation, San Francisco, California — to engage de novo in credit related activities. Approved, January 19, 1991. BANKS, STATE MEMBER Staff Director BS&R Bank of McKenney, McKenney, Virginia — dividend. Approved, January 8, 1991. payment of a COMPETITIVE FACTORS REPORTS Atlanta Tifton Bank and Trust Company, Tifton, Georgia, proposed merger with Interim Tifton Corporation — report on competitive factors. Submitted, January 25, 1991. H .2 ADDITIONS AND CORRECTIONS JANUARY 28, 1991 PAGE 10 TO FEBRUARY 1, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago NBD Bancorp, Inc., Detroit, Michigan — extension to May 1, 1991, to engage in providing portfolio investment advice to institutional investors through NBD Financial Services of Michigan, Inc. Granted, January 25, 1991 . FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE S E C T I O N III ~ A P P L I C A T I O N S S U B J E C T T O FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period Ending n a ta SECTION I Applications Subject to Newspaper __________ Notice Only________ Trustoo Bank, Schenectady, New York to establish a branch at Quaker Plaza, Queensbury, New York.l/ 2/20/91 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Manufacturers Hanover Trust Ccmpany, New York, New York to purchase certain assets and assume certain liabilities of Goldcme, Buffalo, New York.l/ 2/25/91 3/ SECTION III Nahbanking Applications (Subject to Federal Register Notice Only) The Iong-Term credit Bank of Japan, Limited, Tokyo, Japan to engage through its subsidiary, Greenwich Capital Markets, Inc., Greenwich, Connecticut in private placement and riskless principal activities, securities brokerage activities, and in trading foreign exchange forward, futures, options and options on futures transactions for purposes other than hedging. 2/11/91 SECTION IV Applications Not Involving _____ Public Comment_____ None. 1/ Subject to provisions of Community Reinvestment Act. 2/ Later of dates specified in newspaper and Federal Register notices. 3/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available 4/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank, Reading, PA has re-applied for permission to establish a remote service facility to be located at the Acme Markets, 101 Bustleton Ave., Feasterville, PA 2/25/91 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Community Financial Holding Corp., Westmont, NJ request permission to become a bank holding company by acquiring 100% of Community National Bank of New Jersey, Westmont, NJ, pursuant to Section 3(a)(1) of the Bank Holding Company Act. N/A 2/26/91 Federal Register: Newspaper: SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. Federal Reserve Bank of Cleveland Applications Bulletin For Week Ending February 2, 1991 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 NOTICE ONLY R e c e i v e d S e c t i o n 4(c) (8) a p p l i c a t i o n o n D e c e m b e r 27, 1990 f r o m B a n c O n e C o r p o r a t i o n , C o l u m b u s , Ohio, t o e n g a g e in a s s e t management activities through a newly-formed subsidiary. F e b r u a r y 27, 1991 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * # N F - Subject to CRA E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s f r o m t h e d a t e of r e c e i p t 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 None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date National Banc of Commerce Company, Charleston, West Virginia, to acquire 100% of the voting shares of Lavalette State Bank, Lavalette, West Virginia.* 2-15-91 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date CB&T Financial Corp., Fairmont, West Virginia, to engage de novo in data processing, proof and transit, book keeping and statement rendering and reconcilement services through a sub sidiary to be known as CB&T Operations Company, Inc. 2-20-91** BB&T Financial Corporation, Wilson, North Carolina, to acquire Gate City Federal Savings and Loan Association, Greensboro, North Carolina. 2-25-91** Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Riggs International Banking Corporation, Washington, Miami, Florida, notification of intent to invest in Finsbury Management Services Limited. ★Application is subject to CRA. ★★Expiration of comment period specified in the Federal Register. Federal Reserve Bank of A t l a n t a A p p l i c a t i o n s B u l l e t i n f o r W e e k E n d i n g F e b r u a r y 1. 1991 S e c t i o n II - A p p l i c a t i o n s S u b j e c t T o B o t h Newspaper and Federal Register Notice Application Comment Period Ending Date F i r s t P i n e l l a s F i n a n c i a l G r o u p , Inc. P i n e l l a s Park, F l o r i d a 1 - B H C f o r m a t i o n , F i r s t N a t i o n a l B a n k of Pinellas, Pinellas Park, Florida (in organization). 02-25-91 Newspaper A m e r i c a n B a n c o r p , Inc. Opelousas, Louisiana A f t e r - t h e - f a c t c h a n g e in c o n t r o l b y D i e s i Family Trust ( S a l v a d o r L a w r e n c e Diesi, t r u s t e e ) t o r e t a i n 13.3 p e r c e n t o f t h e o u t s t a n d i n g s h a r e s o f c o m m o n stock. S e c t i o n III - Applications Subject to Federal Register Notice Only Application S y n o v u s F i n a n c i a l Corp. Colum b u s , Georgia Along with TB&C Bancshares, Inc., Columbus, Georgia, to acquire Citizens Federal S a v i n g s a n d Lo a n A s s o c i a t i o n of R o m e , R ome, G e o r g i a , p u r s u a n t t o S e c t i o n 2 2 5 . 2 5 ( b ) (9) of R e g u l a t i o n Y. E a s t R i d g e B a n c s h a r e s , Inc. E a s t Ridge, T e n n e s s e e To acquire M o r t g a g e South of Tennessee, I n c ., E a s t R i d g e , T e n n e s s e e , a n d e n g a g e in m o r t g a g e l o a n b r o k e r a g e a c t i v i t i e s , p u r s u a n t t o S e c t i o n 2 2 5 . 2 5 ( b ) ( 1 ) (iii) o f R e g u l a t i o n Y. 02-19-91 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Ccranent Period Application Ending Date Merger/ Branches/ Relocation The Farmers loan and Trust Company N - ** Columbia City, Indiana INB National Bank Fort Wayne,Indiana* Georgetown Branch, 6564 East State Boulevard Fort Wayne, Indiana Illinois Road Branch, 1115 Avenue of the Autos Fort Wayne, Indiana Irene Byron Health Center Branch, 12101 Lima Road Fort Wayne, Indiana Renaissance Square Branch, 200 East Berry Street Fort Wayne, Indiana Relocate its home office to 200 East Berry Street Fort Wayne,Indiana* Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period RndinfT nate Tffie Application Y-l KSB Financial, Inc. Kingston, Michigan The Kingston State Bank Kingston, Michigan* FR - 2-12-91 N - 2-18-91 Y-l Mergerco, Inc. Farmington Hills, Michigan Lockwood Banc Group, Inc. Houston, Texas Lockwood National Bank of Houston Houston, Texas* FR - ** N - 2-13-91 Y-2 Michigan National Corporation Farmington Hills, Michigan Lockwood Banc Group, Inc. Houston, Texas Lockwood National Bank of Houston Houston, Texas* FR - ** N - 2-13-91 Y-l Beaman Bancshares, Inc. Beaman, Iowa Farmers Savings Bank Beaman, Iowa* FR - 1-23-91 N - 2-20-91 Y-l Caledonia Financial Corporation Caledonia, Michigan State Bank of Caledonia Caledonia, Michigan* FR - 2-15-91 N - 2-10-91 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Ccranent Period Rnriinqr n a te Type Application Y-2 Oakland Financial Services, Inc. FR - ** Oakland, Iona N - 2-24-91 Otoe County Bancorporation, Inc. Lincoln, Nebraska Otoe County Bank and Trust Ccnpany (in organization) Lincoln, Nebraska* Y-2 Southwest Gcnpany FR - ** Sidney, Iowa N - 2-24-91 Otoe County Bancorporation, Inc. Lincoln, Nebraska Otoe County Bank and Trust Company (in organization) Lincoln, Nebraska* Y-2 Firsthank of Illinois Co. Springfield, Illinois PEM Bancorp, Inc. Marion, Illinois Peoples Bank of Marion Marion, Illinois* Rend lake Bank Christopher, Illinois* FR - ** N - 1-23-91 Y-l Illinois State Bancorp, Inc. Chicago, Illinois First National Bank of Wheaton Wheaton, Illinois* FR - ** N - ** CoC-HC First Hanover Bancorp, Inc. Hanover, Illinois Harley L. Zeal FR - ** N - ** Y-2 Fanners Savings Bank, Trustee of Farmers FR - 2-19-91 Savings Bank Employee Stock Ownership N - ** Plan and Trust West Union, Iowa BJS, Inc., West Union, Iowa Westmont Corporation, West Union, Iowa The Fanners Savings Bank, West Union, Icwa* Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Application Y-l First National Bancorporation of Stoughton, Inc Stoughton, Wisconsin The First National Bank of Stoughton Stoughton, Wisconsin* Tffie Y-4 Ccmnent Period Ending nate FR - 2-19-91 N - ** Section III - Applications Subject to Federal Register Notice Only Comment Period Ending r&te> Application Metrdbancorp FR - ** Indianapolis, Indiana Metro Federal Savings Bank (in organization) Indianapolis, Indiana SECTION IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Application RoS N FR * ** Financial Services Corporation of the Midwest Rock Island, Illinois To redeem 85,863 shares of cannon stock _ _ Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time February 1, 1991 Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE * Application End of Comment Period Change in control notification involving State First Financial Corporation, Texarkana, Arkansas by Otis Truman Arnold (Not available) Section 3(a)(1) application by Plato Bancshares, Inc., Plato, Missouri to acquire Bank of Plato, Plato, Missouri (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Section 4(c)(8) notification by First Waterloo Bancshares, Inc., Waterloo, Illinois to engage de novo, indirectly, in community development activities (Not available) SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None.* * This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Hansen Freeborn, Inc. Freeborn, MN To acquire 100% of First State Bank of Freeborn Freeborn, MN* Not yet available Mid America Banshares, Inc. Newport, MN To indirectly acquire 100% of The Battle Creek Bank St. Paul, MN* Not yet available Minnesota-Wisconsin Bancshares, Inc. Newport, MN To indirectly acquire 100% of The Battle Creek Bank St. Paul, MN* Not yet available Mid America Bank Maplewood Maplewood, MN To acquire 100% of The Battle Creek Bank, St. Paul, MN* Not yet available Evan A. Tessier Trust To increase ownership interest from 9.81% to 10.50% of Commercial Banshares, Inc., Mitchell, SD Not yet available ^Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Application United Banks of Colorado, Inc. Denver, CO To acquire 100% of the following Colorado banks: United Bank of Boulder, N.A., Boulder; United Bank of Colorado Springs, N.A., Colorado Springs; United Bank of Denver, N.A., Denver; United Bank of Fort Collins, N.A., Fort Collins; United Bank of Greeley, N.A., Greeley; United Bank of Montrose, N.A., Montrose; United Bank of Steamboat Springs, N.A., Steamboat Springs; United Bank of Sterling, N.A., Sterling; United Bank of Grand Junction - Downtown, N.A., Grand Junction; United Bank of Brighton, N.A., Brighton; United Bank of Aurora, N.A., Aurora; United Bank of Ignacio, N.A. , Ignacio; United Bank of Pueblo, N.A., Pueblo; United Bank of Littleton, N.A., Littleton; United Bank of Broomfield, N.A. , Broomfield; United Bank of Sunset Park, N.A. , Pueblo; United Bank of Lakewood, N.A. , Lakewood; United Bank of Northglenn, N.A., Northglenn; United Bank of Lasalle, N.A., Lasalle; United Bank of Grand Junction, N.A., Grand Junction; United Bank of Delta, N.A., Delta; United Bank of Bear Valley, N.A., Denver; United Bank of Colorado Springs - East, N.A., Colorado Springs; United Bank of Southglerm, N.A., Arapahoe County; United Bank of Longmont, N.A., Longmont; United Bank of Durango, N.A, Durango; United Bank of Skyline, N.A., Denver; United Bank of Buckingham Square, N.A., Aurora; United Bank of Monaco, N.A., Denver; United Bank of Garden of the Gods, N.A. , Colorado Springs; United Bank of Arvada, N.A., Arvada; United Bank of Fort Collins - South, N.A., Arvada; United Bank of Arapahoe, N.A., Englewood; United Bank of Southwest Plaza, N.A., Jefferson County; United Bank of Cherry Creek, N.A., Denver; United Bank of Highland Ranch, N .A ., Highland Ranch; United Bank of Academy Place, N.A., Colorado Springs; United Bank of Aurora City Center, N.A., Aurora; United Bank of Aurora - South, N.A., Aurora; United Bank of Westminster, N.A., West minister.* ♦Subject to CRA Comment Period Ending Date Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Commercial Banshares, Inc. Mitchell, SD To acquire Spectrum Life Insurance Company, Mitchell, SD Not yet available 401, Inc. Huron, SD To engage in general insurance agency activities through the acquisition of First Western Agency, Inc. 2-19-91 Martinius Corporation Rogers, MN To engage de novo in making or purchasing loans. 2-19-91 Norwest Corporation Minneapolis, MN To engage in the activities of securities brokerage and underwriting and dealing in government obligations and money market instruments through the acquisition of UBC Investment Corp., Denver, CO and the bond department of United Bank of Denver, N.A., Denver, Co. Not yet available Farmers and Merchants Investment Co. Watertown, SD To engage de novo in making and servicing loans for its own account. 2-25-91 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Dickinson Bancorporation, Inc. Dickinson, ND To redeem (49.1%) of its voting shares. Federal Reserve Bank o f Kansas City SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION Ban k of H a r t i n g t o n , Hartington, N e b r a s k a , for prior approval to e s t a b l i s h a b r a n c h in Hartington, Nebraska. COMMENT PERIOD ENDING DATE No t A v a i l a b l e S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DA T E T e x h o m a Banc s h a r e s , Inc., Texhoma, O k l a h o m a , for prior approval to b e c o m e a b a n k holding c o m pany t h r o u g h t h e a c q u i s i t i o n of 80 percent of the v o t i n g s h a r e s of First N a t i o n a l Bank of T e x h o m a , Texhoma, Ok l a h o m a . * Not A v a i l a b l e J u d y L. Svajgr, Cozad, Nebraska, C h r i s t o p h e r J. Smith, Cozad, N e b r a s k a , a n d Virgi n i a M. Olson, C o l o r a d o Springs, Colorado, for prior a p p r o v a l to increase their c o m b i n e d o w n e r s h i p in M i dwest Banco C o r p o r a t i o n , Cozad, Nebraska, by .3 p e r c e n t to 50 percent. Not A v a i l a b l e B a r r e t t H o l d i n g Company, Watonga, O k l a h o m a , for prior approval to a c q u i r e an a d d i t i o n a l 1.82 p e r c e n t of t h e v o t i n g shares of W a t o n g a State Bank, W a t o n g a , Oklahoma.* February 15, 1991 A m y L y n n S c o t t W y oming Trust, W. D a v i d S c o t t W y oming Trust, K a r e n A n n D i x o n W y o m i n g Trust, a nd San d r a S c o t t P a r k e r , all of Coun cil Bluffs, Iowa, as a group, for prior a p p r o v a l to p u r c h a s e 32.92 percent of the v o t i n g s h a r e s of 304 Corporation, O m a h a , N e b raska. February 14, 1 991 C e n t r a l of Kansas, Inc., J u n c t i o n City, K a n s a s , for prior appro v a l to a c q u i r e 100 p e rcent of the voti n g s h a r e s of H e r i n g t o n Bancshares, Inc., H e r i n g t o n , Kansas, parent of The H e r i n g t o n Bank, Herington, Kan s a s . * February 15, 1991 Federal Reserve Bank o f K ansas City W. Dale and Laveta M. Maudlin, St. Joseph, Missouri, for prior approval to increase their proportionate ownership interest in First American Bancshares, Inc., Union Star, Missouri, by 1.05 percent to 25.32 percent, and for Robert G. Bolin, St. Joseph, Missouri, to increase his proportionate ownership interest by 1.05 percent to 25.32 percent. February 6, 1991 First of Fort Morgan, Inc., Fort Morgan, Colorado, for prior approval to acquire 100 percent of the voting shares of First National Bank of Sterling, Sterling, Colorado, and First National Bank of Holyoke, Holyoke, Colorado.* February 15, 1991 Terry Jelinek, Munden, Kansas, Brad Wilkinson, Munden, Kansas, and Debra Alexander, Mankato, Kansas, for prior approval to increase their proportionate ownership interest in Munden Bankshares, Inc., Munden, Kansas, by 14.55 percent to 26.76 percent. January 17, 1991 Patrick T. Rooney, Muskogee, Oklahoma, for prior approval to increase his proportionate ownership interest in Charter Bancshares, Inc., Oklahoma City, Oklahoma, by 16.84 percent to 16.87 percent. January 17, 1991 Enterprise Holding Co., Omaha, Nebraska, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Enterprise Bank, National Association, Omaha, Nebraska, a de novo bank. January 23, 1991 Craig Reeves, Clayton, New Mexico, for prior approval to increase his proportionate ownership interest in Los Hacendados, Inc., Clayton, New Mexico, by 16.98 percent to 26.19 percent. January 17, 1991 Central Grain, Inc., Central City, Nebraska, for prior approval to acquire 13.83 percent of the voting shares of Heartland Bancorporation, Aurora, Nebraska.* February 15, 1991 Federal Reserve Bank o f Kansas City Steven J. Wells, Ardmore, Oklahoma, for prior approval to increase his proportionate ownership interest in Amcorp Financial, Inc., Ardmore, Oklahoma, by 2.5 percent to 13.74 percent. January 22, 1991 William G. Dietrich and Marjorie Reich Dietrich, Grandview, Missouri, to indirectly increase their control of Blue Ridge Bancshares, Inc., Kansas City, Missouri, by 1.96 percent to 26.86 percent. February 8, 1991 Sarah Welch Young, Chillicothe, Missouri, for prior approval to increase her proportionate ownership interest in Citizens Bancshares Co., Chillicothe, Missouri, by .09 percent to 11.56 percent. January 29, 1991 United Missouri Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire 100 percent of the voting shares of Valley Bank Holding Company, parent of Valley Bank, both of Security, Colorado.* January 30, 1991 First Geary Corporation Employee Stock Ownership Plan, Geary, Oklahoma, for prior approval to become a bank holding company through the acquisition of 51 percent of the voting shares of First Geary Corporation, parent of First National Bank of Geary, both of Geary, Oklahoma.* January 30, 1991 Prism Group, Inc., Hamilton, Missouri, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of The Hamilton Bank, Hamilton, Missouri.* February 4, 1991 Routt County National Bank Corporation, Steamboat Springs, Colorado, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of First National Bank of Steamboat Springs, Steamboat Springs, Colorado.* February 5, 1991 Federal Reserve Bank o f K ansas City SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE Midstate Bancorp, Hinton, Oklahoma, for prior approval to engage de novo in making, acquiring, and/or servicing loans for itself or for others of the type made by a mortgage company. January 28, 1991 The Binger Agency, Inc., Binger, Oklahoma, for prior approval to engage de novo in making, acquiring, and/or servicing loans for itself or for others. January 30, 1991 SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Henderson State Co., Henderson, Nebraska, for prior approval to redeem 12,000 shares of its own voting common stock. Allen Bancshares, Inc., Allen, Nebraska, for prior approval to redeem 400 shares of its own voting common stock. *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 28, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NOTICE EXP APPLICATION None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by George D. Francklow, Jr., Houston, TX, to acquire an interest in Guardian Bancshares, Inc., Houston, TX N/A Change in Control Notice by David M. Cox, Ennis, TX, to acquire an interest in First National Bancorporation of Ennis, Inc., Ennis, TX N/A 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 2/01/91 Section I - Applications Subject to Newspaper Notice Only Apolication Comment Period Ending Date Oak Valley Community Bank (In Organization), Oakdale, California, to become a member of the Federal Reserve System. * Newspaper: 2/14/91 Section II - Applications Subject to Both Newspaper and Federal Register Notice None Section III - Applications Subject to Federal Register Notice Only SJNB Financial Corp., San Jose, California, to engage de novo, directly, in making, acquiring or servicing loans or other extensions of credit for applicant's account and for the account of others. Fed. Reg.: 2/25/91 Redwood Empire Bancorp, Santa Rosa, California, to engage de novo in data processing services through Redwood Empire Datacorp, Santa Rosa, Califonria. Fed. Rea.: 3/01/91 Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None Subject to CRA.
@FedFRASER