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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.Z, 1982 No. 8) Actions of the Board; Applications and Reports APPLICABLE RESERVE BANK Received During the Week Ending February 20, 1982 ACTIONS OF THE BOARD L e t t e r t o the Commodity Futures Trading Commission regarding the question of applying margin requirements to the Kansas City Board of Trade futures contract. Chicago Central I l l i n o i s Banc Shares, I n c . , S p r i n g f i e l d , I l l i n o i s , extension of t i n e t o May 28, 1982, w i t h i n which to become a bank holding company through a c q u i s i t i o n of 100 percent of the voting shares of the successor by merger to Capitol Bank 2 Trust Company of S p r i n g f i e l d , S p r i n g f i e l d , IIlinois. V Chicago Citizens Bancshares Corporation, Bedford, Indiana, extension of tine t o June 22, 1982, w i t h i n which to become a bank holding company through the a c q u i s i t i o n of Citizens National Bank of Bedford, Bedford, Indiana. \J Chicago CNB Bancorp, I n c . , Decatur, I l l i n o i s , extension of time to February 28, 1982, w i t h i n which to become a bank holding company through acquisition of 100 percent of the voting shares of the successor by merger to The Citizens National Bank of Decatur, Decatur, I l l i n o i s . 1/ Philadelphia Commonwealth National Financial Bancorporation, Harrisburg, Pennsylvania, extension of time to May 16, 1982, w i t h i n which t o become a bank holding company through the a c q u i s i t i o n of Commonwealth National Bank, Harrisburg, Pennsylvania. 1/ Dal las Exchange Bancshares, I n c . , Natchitoches, Louisiana, extension of time to June 17, 1982, within which t o acquire Exchange Bank and Trust Company, Natchitoches, Louisiana. JV New York F i r s t National State Bancorporation, Newark, New Jersey, extension of time t o May 2, 1982, w i t h i n which to acquire the successor by merger to the Broadway National Bank of Bayonne, Bayonne, New Jersey. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. I H.2, 1982 No. 8 - 2 - ACTIONS OF THE BOARD-Continued Chicago HANCOCK BANCSHARES CORPORATION, Greenfield, Indiana, extension of time t o May 20, 1982, within which to beeone a bank holding company through acquisition of 100 percent of the voting shares of the successor by merger to Hancock Bank & Trust, Greenfield, Indiana. \J Dallas Plains Corporation, Lubbock, Texas, extension of time to May 17, 1982, w i t h i n which to acquire The Plains National Bank of Lubbock, Lubbock, Texas. \ j Atlanta Third National Corporation, Nashville, Tennessee, extension of time t o May 21, 1982, w i t h i n which to establish an o f f i c e of Third National Mortgage Company in Jackson, Tennessee, and engage in mortgage-related a c t i v i t i e s . l_/ Dallas Interlocking d i r e c t o r a t e s , request for permission f o r Mr. Gayle L. Schroder to maintain a management interlock between the F i r s t American Bank & Trust of Baytown, Baytown, Texas, and the newly established Citizens Bank & Trust, Baytown, Texas. \ j Chicago Citizens F i r s t State Bank of Walnut, Walnut, I l l i n o i s , an investment in bank premises. \ j Philadelphia Amerasia Bank, Philadelphia, Pennsylvania, extension of time to September 6, 1982, w i t h i n which to open the bank and to become a member of the Federal Reserve System. \J Kansas City Security Bank of Glenrock, Glenrock, Wyoming, a proposed new bank, extension of time t o May 17, 1982, within which t o accomplish membership in the Federal Reserve System, j y Atlanta A t l a n t i c National Bank of F l o r i d a , Jacksonville, Florida, proposed merger with Imperial Bank of Lakeland, Lakeland, Florida; report to the Comptroller of the Currency on competitive f a c t o r s . If Richmond Charleston Bank, National Association, Charleston, West Virginia (a proposed new bank), proposed merger with the Charleston National Bank, Charleston, West V i r g i n i a ; report to the Comptroller of the Currency on competitive f a c t o r s , 1/ Atlanta E l l i s F i r s t National Bank of New Port Richey, Florida, proposed merger with E l l i s Security Bank, New Port Richey, Florida; report to the Comptroller of the Currency on competitive factors. 1/ IJ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 8 3 ACTIONS OF THE BOARD-Continued Philadelphia F i r s t Eastern Bank, N.A., Wilkes-Barre, Pennsylvania, proposed merger with F i r s t Eastern Interim Bank, Wilkes-Barre, Pennsylvania, under the charter and t i t l e of the former; report to the Comptroller of the Currency on competitive factors, 1/ Richmond F i r s t National Exchange Bank of V i r g i n i a , Roanoke County, V i r g i n i a , proposed merger with Southwest Virginia National Bank, B l u e f i e l d , V i r g i n i a ; report to the Comptroller of the Currency on competitive factors. J7 Atlanta Flagship F i r s t National Bank of Boynton Beach, Boynton Beach, Florida, proposed merger with Flagship Bank of West Palm Beach, West Palm Beach, Florida; report to the Comptroller of the Currency on competitive factors, J7 Chicago MNN National Bank, Niles, I l l i n o i s , application for p r i o r approval to merge with Madison National Bank of Niles, Niles, I l l i n o i s , under the c h a r t e r o f MNN National Bank and t i t l e of Madison National Bank of Niles; report to the Comptroller of Currency on competitive fa cto rs. I / San Francisco New Bank, La Mesa, C a l i f o r n i a , proposed merger with Grossmont Bank, La Mesa, C a l i f o r n i a , under charter and t i t l e of the l a t t e r ; report to the Federal Deposit Insurance Corporation on competitive factors. J7 Chicago Second Bank of Roscoe, Roscoe, I l l i n o i s , application for p r i o r approval to merge with F i r s t Bank of Roscoe, Roscoe, I l l i n o i s under the charter of Second Bank of Roscoe and t i t l e of F i r s t Bank of Roscoe, Roscoe, I l l i n o i s ; report to the Federal Deposit Insurance Corporation on competitive factors. \ j Chicago Second National Bank, Aurora, I l l i n o i s , application f o r p r i o r approval to merge with The Old Second National Bank of Aurora, I l l i n o i s , under the charter of Second National Bank and t i t l e of The Old Second National Bank of Aurora, I l l i n o i s ; report to the Comptroller of the Currency on competitive factors. 1/ Chicago Second National Bank of Canton, Canton, I l l i n o i s , application for prior approval to merge with The National Bank of Canton Canton, I l l i n o i s , under the charter of The Second National Bank of Canton, Canton, I l l i n o i s , and t i t l e of The National Bank of Canton; report to the Comptroller of the Currency on competitive f ac to rs. \J 1/ Application processed on behalf of the Board of Governors under delegated authority. i H.2, 1982 No. 8 ACTIONS OF THE BOARD-Continued Chicago SECOND NATIONAL CORPORATION, Richmond, Indiana, extension of time to A p r i l 29, 1982, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to The Second National Bank of Richmond, Richmond, Indiana. 1/ San Francisco SGV Merger Company, El Monte, C a l i f o r n i a , proposed merger with San Gabriel Valley Bank, El Monte, C a l i f o r n i a , under the charter and t i t l e of the l a t t e r ; report to the Federal Deposit Insurance Corporation on competitive fa cto rs. \J Atlanta Sun Bank of Volusia County, Daytona Beach, Florida, proposed merger with Coronado Beach Bank, New Smyrna Beach, Florida; report to the Federal Deposit Insurance Corporation on competitive factors. \J Dal las Town North National Bank, Longview, Texas, proposed merger with New Town North Bank, Longview, Texas; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . 1/ Atlanta United American Bank in Hamilton County, Chattanooga, Tennessee, proposed merger with City Bank and Trust, East Ridge, Tennessee; report to the Federal Deposit Insurance Corporation on competitive f acto rs. \J Philadelphia Washington Bank, T u r n e r s v i l l e , New Jersey, proposed merger with and i n t o the F i r s t Jersey National Bank/Delaware Valley, T u r n e r s v i l i e , New Jersey, under the t i t l e and charter of the l a t t e r ; report to the Comptroller of the Currency on competitive f act ors. \J Dal las Wimberley Bank, Wimberley, Texas, proposed merger with The New Wimberley Bank, Wimberley, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ J7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 8 ACTIONS OF THE BOARD-Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Cleveland Approved The American Bank, Port Clinton, Ohio. To establish a branch at Delaware Avenue, Put-In-Bay, Ottawa County, Ohio. V Chicago Citizens F i r s t State Bank of Walnut, Walnut, I l l i n o i s . To establish a branch in Lot 13, Block 3, Village of Ohio, Bureau County, I l l i n o i s . 1/ Dallas F i r s t City Bank of Corpus C h r i s t i , Corpus C h r i s t i , Texas. To establish and use an o f f s i t e electronic f a c i l i t y located at 4101 South Padre Island Drive, Corpus C h r i s t i , Texas. JV San Francisco F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a . To establish a branch o f f i c e in the v i c i n i t y of the intersection of Ball Road and Valley View S t r e e t , City of Cypress, Orange County, C a l i f o r n i a . JJ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Cleveland Approved The FTB F i f t h Bank, R u s s e l l v i l l e , Ohio. 1/ Cleveland The Interim Dime Bank of Marietta, Marietta, Ohio. \J Atlanta Great American Bank of Tampa, Tampa, Florida. JV * * * * * To Merge Pursuant to Section 18(c) of The Federal Deposit Insurance Act Cleveland 1/ The FTB F i f t h Bank, R u s s e l l v i l l e , Ohio, to merge with The Bank of R u s s e l l v i l l e , R u s s e l l v i l l e , Ohio. \J Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 8 - 6 - ACTIONS OF THE BOARD-Continued Atlanta Great American Bank of Tampa, Tampa, Florida, t o acquire c e r t a i n assets and assume substantially a l l of the l i a b i l i t i e s of Metropolitan Bank and Trust Company, Tampa, Florida. 1/ * * * * * Applications and N o t i f i c a t i o n s for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended New York Chicago Approved Girard International Bank, New York, New York: grants consent to purchase and hold, d i r e c t l y or i n d i r e c t l y , 100 percent of the shares of Girard Asia, L t d . , Hong Kong, B.C.C. F i r s t Wisconsin Corporation, Milwaukee, Wisconsin: grants permission to the F i r s t Wisconsin National Bank of Milwaukee t o establish a confirming house subsidiary. (2/10/82) V New York Sixty Day N o t i f i c a t i o n Period Allowed to Expire Morgan Guaranty International Finance Cororation, New York, New York: no objection make an additional pro-rata investment i n Banco Morgan Finansa, Santiago, Chile * * * * * To Establish a U.S. Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act New York Approved Girard International Bank, New York, New York: and operate a branch in Miami, Florida. to establish ^ / " A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 8 - 7 ACTIONS OF THE BOARP-Continued To Form a Bank Holding Company Pursuant t o Section 3(a)(1) of the Bank Holding Company Act of 1956 Boston Approved Broadway Capital Corp., Chelsea, Massachusetts, for approval to acquire at least 80 percent of the voting shares of The Broadway National Bank of Chelsea, Chelsea, Massachusetts. 1/ Philadelphia Central Counties Bancorp., I n c . , State College, Pennsylvania, f o r approval t o acquire 100 percent of the voting shares of Central Counties Bank, State College, Pennsylvania. _!/ Cleveland Southwest National Corporation, Greensburg, Pennsylvania, for approval t o acquire 100 percent of the voting shares of Southwest National Bank of Pennsylvania, Greensburg, Pennsylvania. \J Atlanta Great Guaranty Bancshares, I n c . , New Roads, Louisiana, f o r approval t o acquire at least 80 percent of the voting shares of Guaranty Bank and Trust Company, New Roads, Louisiana. 1/ Chicago F 8 M Financial Services Corporation, Menomonee F a l l s , Wisconsin, f o r approval t o acquire at least 80 percent of the voting shares of Farmers & Merchants Bank, Menomonee F a l l s , Wisconsin. 1/ Chicago Merchants Bancorp, I n c . , Aurora, I l l i n o i s , f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to The Merchants National Bank of Aurora, Aurora, I l l i n o i s . 1/ Chicago Southwest Financial Corporation, Evergreen Park, I l l i n o i s , f o r approval t o acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger t o Evergreen Plaza Bank, Evergreen Park, I l l i n o i s . 1/ Chicago Wabash Valley Bancorporation, I n c . , Peru, Indiana, f o r approval t o acquire 100 percent of the voting shares of the successor by merger t o Wabash Valley Bank and Trust Company, Peru, Indiana. \ j Minneapolis Crookston Financial Services, I n c . , Crookston, Minnesota, for approval t o acquire at least 80 percent of the voting shares of Crookston National Bank, Crookston, Minnesota. \J Minneapolis Minto Bancorporation, I n c . , Minto, North Dakota, f o r approval to acquire 99.5 percent of the voting shares of Bank of Minto, Minto North, Dakota. 1/ 1/ A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority H.2, 1982 No. 8 ACTIONS OF THE BOARD-Continued Minneapolis Wells-Foster Bankshares, I n c . , Carrington, North Dakota, for approval to acquire at least 97.75 percent of the voting shares of Farmers State Bank, Carrington, North Dakota. _!/ Kansas City Woodriver Banco, I n c . , Oconto, Nebraska, f o r approval to acquire 100 percent of the voting shares of Farmers Bank, Oconto, Nebraska. 1/ Dallas F i r s t Texas Financial Corporation, Dallas, Texas, for approval to acquire at least 80 percent of the voting shares of F i r s t Texas Bank, Dallas, Texas. V Dal las Keene Bancorp, I n c . , Keene, Texas, for approval to acquire at least 80 percent of the voting shares of F i r s t State Bank, Keene, Texas. _1/ Dallas Liberty National Bancshares, I n c . , Houston, Texas, Lovington, New Mexico, f o r approval to acquire at least 80 percent of the voting shares of Liberty National Bank, Lovington, New Mexico. 1/ Dallas United Madison Bancshares, I n c . , Houston, Texas, f o r approval to acquire at least 86.9 percent of the voting shares of United Madison Bank, N.A., Houston, Texas. 1/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Cleveland Approved F i f t h Third Bancorp, Cincinnati, Ohio, for approval to acquire 100 percent of the voting shares of The Bank of R u s s e l l v i l l e , R u s s e l l v i l l e , Ohio. \ j Atlanta Barnett Banks of Florida, I n c . , Jacksonville, Florida, for approval to acquire 100 percent of the voting shares of F i r s t Marine Banks, I n c . , Riviera Beach, Florida, and i n d i r e c t l y acquire 98 percent of the voting shares of F i r s t Marine Bank and Trust of the Palm Beaches, Riviera Beach, Florida. \J Kansas City Commerce Bancshares, I n c . , Kansas C i t y , Missouri, f o r approval to acquire at least 80 percent of the voting shares of Wentzvilie State Bank, Wentzvilie, Missouri. 1/ y Application processed on behalf of the Board of Governors under delegated authority. i H.2, 1982 No. 8 - 9 ACTIONS OF THE BQARD-Continued Dallas Southwest Bancshares, I n c . , Houston, Texas, for approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of F i r s t Pasadena State Bank, Pasadena, Texas. 1/ San Francisco BSD Bancorp, I n c . , San Diego, C a l i f o r n i a , f o r approval to acquire 100 percent of the voting shares of American Valley Bank (formerly El Cajon Valley Bank), El Cajon, C a l i f o r n i a . 1/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 St. Louis Approved F i r s t Bancorp of B e l l e v i l l e , I n c . , B e l l e v i l l e , I l l i n o i s , for approval to acquire 99.8 percent of the voting shares of Bank of B e l l e v i l l e , B e l l e v i l l e , I l l i n o i s , through a merger with F i r s t United Bancshares, I n c . , B e l l e v i l l e , I l l i n o i s . 1/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York San Francisco Boston Approved F i r s t Glen Bancorp I n c . , Glens F a l l s , New York, for approval to acquire 100 percent of the voting shares of Van Dyke Associates Incorporated, Glens F a l l s , New York, and to engage through company in real estate appraisal a c t i v i t i e s . 1/ Denied Orbanco Financial Services Corporation, Portland, Oregon, for approval to engage in the a c t i v i t y of d i r e c t l y issuing and o f f e r i n g for sale i t s unsecured promissory notes. Permitted F i r s t National Boston Corporation, Boston, Massachusetts, not i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (providing p o r t f o l i o investment advice to other persons primarily for the i n estment of funds in real estate i n t e r e s t s , except where the real property is to be in the trade or business of the \J Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. . 10 - ^ ACTIONS OF THE BOARD-Continued person being advised) at 100 Federal Street, Boston, Massachusetts, the geographic area served is nationwide, through i t s subsidiary, F i r s t of Boston Mortgage Corporation (2/16/82) 3/ New York C i t i c o r p , New York, New York, requests permission to establ i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (making™ or acquiring, f o r i t s own account or for the account of others, commercial loans and other extensions of c r e d i t ) at 7720 York Road, Towson, Maryland, serving the States of Maryland, Delaware, V i r g i n i a , West V i r g i n i a , and the D i s t r i c t of Columbia, through i t s subsidiary, Citicorp Industrial C r e d i t , Inc. (2/19/82) 3/ Mew York C i t i c o r p , New York, New York, requests permission to establ i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquiring, f o r i t s own account or for the account of others, commercial loans and other extensions of c r e d i t ) at 17 North Harwood, Dallas, Texas, serving the States of Texas and Southwestern Oklahoma, through i t s subsidiary, C i t i c o r p Industrial Credit, Inc. (2/19/82) 3/ New York C i t i c o r p , New York, New York, requests permission to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e to include the following (the sale of c r e d i t related property and casualty i n surance protecting real and personal property subject to a security agreement with C i t i c o r p Person-to-Person Financial Center, Inc. to the extent permissible under applicable State insurance laws and regulations) at 5575 Peachtree Dunwoody Road, Atlanta, Georgia, the proposed service area for t h i s a c t i v i t y is the e n t i r e State of Georgia, through i t s subsidiary, C i t i c o r p Person-toPerson Financial Center, Inc. (2/19/82) 3/ New York F i r s t National State Bancorporation, Newark, New Jersey, requests permission t o establish de novo o f f i c e s engaging in the following a c t i v i t i e s (to assist local and governmental groups i n the economic r e v i t a l i z a t i o n , r e h a b i l i t a t i o n and development of both commercial and residential areas located in low and moderate-income areas i n the State of New Jersey; t h i s assistance w i l l consist of debt and equity investments when appropriate in r e s i d e n t i a l , commercial and i n d u s t r i a l projects; the subsidiary w i l l acquire, own, renovate, develop, lease, manage, exchange, s e l l or promote real and/or personal property in order to provide the necessary assistance; the subsidiary w i l l also provide financial counseling to a l l sectors of the community, especially the small business sector; f i n a l l y the subsidiary w i l l engage, 3>/ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 8 - 1 1 - ACTIONS OF THE BOARD-Continued coordinate and arrange j o i n t ventures or participations to provide f i n a n c i a l assistance t o low and moderate-income areas of the State of New Jersey) at 550 Broad Street, Newark, New Jersey and A t l a n t i c and South Carolina Avenues, A t l a n t i c C i t y , New Jersey, through i t s subs i d i a r y , F i r s t National State Community Development Corporation (2/19/82) _3/ New York The Hongkong and Shanghai Banking Corporation, Hong Kong, B.C.C.; K e l l e t t , N.V., Curacao, Necherlands A n t i l l e s ; HSBC Holdings, B.V., Amsterdam, The Netherlands; and Marine Midland Banks, I n c . , Buffalo, New York, requests permission to establish a de novo o f f i c e engaging in the following a c t i v i t i e s ( ! [ T r o r i g i n a t i n g , making, acquiring, and servicing, for i t s own account or for the account of others, loans and other extensions of c r e d i t , either unsecured or p r i n c i p a l l y secured by mortgages on residential or commercial properties or lease-hold interests therein; and (2) acting as investment or financial adviser to the extent of (a) serving as the advisory company for a mortgay or real estate investment t r u s t , (b) furnishing general economic information and advice on real estate matters and (c) providing p o r t f o l i o investment advice on real estate matters) at Wells Fargo Building, 444 South Flower Street, 15th Floor, Los Angeles, C a l i f o r n i a , serving the entire State of C a l i f o r n i a , through t h e i r subsidiary, Marine Midland Realty Credit Corporation (2/18/82) 3/ New York Manufacturers Hanover Corporation, New York, New York, requests permission to relocate an e x i s t i n g o f f i c e and to expand the service areas of the relocated o f f i c e engaging in the following a c t i v i t i e s (consumer finance, sales finance, home equity lending, and credit related insurance) from 281 Meeting Street, Charleston, South Carolina to 5060 Dorchester Road, North Charleston, South Carolina, through i t s subsidiary, Finance One of South Carolina, I n c . ; the o f f i c e wi11 serve customers in Charleston, Eastern Colleton, Southern Dorchester, and Southern Berkeley Counties, through Finance One of South Carolina, Inc. (2/18/82) 2 / 3/ 4(c)(8) n o t i f i c a f i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 8 - 1 2 - ACTIONS OF THE BOARD-Continued New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish a de novo o f f i c e engaging in the following a c t i v i t i e s (acting as insurance agent or broker for the sale of credit l i f e and credit accident and health insurance related to loans and other extensions of c r e d i t such as would be made by a mortgage company, that are made, acquired or serviced by Manufacturers Hanover Mortgage Corporation, f o r i t s own account or for the account of others) at 3101 West Peoria Avenue, Phoenix, Arizona, serving the e n t i r e United States, through i t s subsidiary, MHMC Insurance Agency, Inc. (2/18/82) 3/ Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (the o r i g i n a t i o n of FHA, VA and conventional residential mortgage loans and second mortgage loans) at 155 South Madison Street, Suite 311, Denver, Colorado, serving the State of Colorado and adjoining areas of adjacent States, through i t s subsidiary, Colonial Mortgage Service Company Associates, Inc. (a Pennsylvania Corporation) (2/17/82) 3/ Chicago American Fletcher Corporation, Indianapolis, Indiana, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s ( o r i g i n a t i n g and closing f i r s t mortgage loans, construction loans for commercial and m u l t i - f a m i l y residential properties, and placing long-term financing for commercial and m u l t i - f a m i l y income projects with i n s t i t u t i o n a l investors) at 279 Deer Creek Boulevard, Deerfield Beach, F l o r i d a , serving the State of Florida, through i t s subsidiary, American Fletcher Mortgage Company, Inc. (2/17/82) 3/ Dallas Consolidated Bancshares, I n c . , Abilene, Texas, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n making and acquiring f o r i t s own account, loans and other extensions of credit such as would be made by a mortgage company, including, as examples, o r i g i n a t i o n , purchase, sale and servicing of a l l types of mortgage loans (both long-term and short-term); construction and development loans; issuance of standby and f i r m take-out commitments f o r r e s i d e n t i a l , commercial, construction and development loans; operation of a management consultant department f o r the purpose of assisting n o n a f f i l i a t e d banks in the running of a mortgage loan operation; buying, s e l l i n g , and dealing in GNMA mortgage-backed s e c u r i t i e s , GNMA options conventional mortgage backed s e c u r i t i e s , loan p a r t i c i p a t i o n , and other types of secondary market a c t i v i t i e s related to the mortgage banking industry) at San Miguel Square, Suite 262, 3303 North M i d k i f f , Midland, Midland County, Texas, and in Odessa, Ector County, Texas, serving the c i t i e s of Abilene, Austin, 3/ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 8 -13ACTIONS OF THE BOARD-Continued Dallas, Fort Worth, Houston, Lubbock, Midland/Odessa, San Antonio and Wichita F a l l s , Texas, and the counties in which such c i t i e s are located, through i t s subsidiary, Consolidated Bankers' Mortgage Company (2/14/82) 3/ Dal las United Mercantile Bancshares, I n c . , Shreveport, Louisiana, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (leasing a c t i v i t i e s , including brokering leases and making and servicing wholly owned and leveraged true leases) at 509 Market Street, Shreveport, Louisiana, serving the c i t y of Shreveport and surrounding c i t i e s and towns, through i t s subsidiary, United Mercantile Leasing Company (2/18/82) 3/ San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s ( i n making or acquiring f o r i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a finance company; servicing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident and health insurance; c r e d i t related property insurance w i l l not be offered in either the State of New Jersey or the southeast region of Pennsylvania; such a c t i v i t i e s w i l l include, but not be limited t o , making consumer installment loans, purchasing installment sales finance contracts, making loans and other extensions of c r e d i t t o small business, making loans secured by real and personal property, and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d accident and health insurance d i r e c t l y related to extensions of c r e d i t made or acquired by FinanceAmerica Corporation) from Suite 1001 - 1005 Wilson Building, Broadway and Cooper Street, Camden, New Jersey to 3001 Greentree, Executive Campus, Burlington County, Marlton, New Jersey, serving the e n t i r e State of New Jersey and the southeast region of Pennsylvania, through i t s i n d i r e c t subsidiary, FinanceAmerica Corporation (a New Jersey corporation) (2/17/82) 3/ San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , not i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (making or acquiring, f o r i t s own account or for the account of others, loans and extensions of c r e d i t including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of c r e d i t such as would be made by a factoring company or a consumer 3/ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board ~~ of Governors under delegated a u t h o r i t y . H,2 1982 No. 8 - 14 ACTIONS OF THE BOARD-Continued finance company; and acting as broker or agent for the sale of c r e d i t l i f e and credit accident and health insurance) from 1765 Springfield Avenue, Maplewood, New Jersey t o 81 Northfield Avenue, West Orange, New Jersey, serving the State of New Jersey, through i t s subsidiary, Security Pacific Finance Corp. (2/17/82) 3/ 3/ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, Ibtil No. 8 - 15 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant t o Section 9 of the Federal Reserve Act Cleveland Chippewa Valley Bank, Pittman, Ohio. To e s t a b l i s h a branch at Lot #1, Kauffman Avenue, S t e r l i n g , Wayne County, Ohio. 2/ Dal las F i r s t C i t y Bank of Corpus C h r i s t i , Corpus C h r i s t i , Texas. To e s t a b l i s h and use an o f f s i t e e l e c t r o n i c banking f a c i l i t y located at 4101 South Padre Island Drive, Corpus C h r i s t i , Texas. 2/ Dal las V i c t o r i a Bank and Trust Company, V i c t o r i a , Texas. To e s t a b l i s h and use an o f f s i t e e l e c t r o n i c f a c i l i t y at 8402 H a l l e t t s v i l l e Highway, V i c t o r i a , Texas. 2/ Dal las The F i r s t State Bank, Abilene, Texas. To e s t a b l i s h and use and o f f s i t e e l e c t r o n i c f a c i l i t y at 4814 South 14th S t r e e t , Abilene, Texas. 2J Dallas The F i r s t State Bank, Abilene, Texas. To e s t a b l i s h and use an e l e c t r o n i c f a c i l i t y at 166 Pioneer Drive Abilene, Texas. 2J * * * * * To Merge Pursuant t o Section 18(c) of The Federal Deposit Insurance Act Cleveland The Toledo Trust Company, Toledo, Ohio, t o merge with The Peoples Bank, Carey, Ohio, 2/ * * * * * Applications and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l Investments and Other Actions Pursuant t o Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4 (c )(1 3 ) of the Bank Holding Company Act of 1956, as amended New York 2/ C i t i b a n k , N.A., New York, New York: requests consent to determine t h a t Grindlays Bank Limited, London, England i s no longer a Citibank " s u b s i d i a r y " , but rather a Citibank " j o i n t venture". A p p l i c a t i o n subject t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 8 - 1 6 - APPLICATIONS RECEIVED-Continued To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Cleveland Independence BancCorp., Independence, Ohio, f o r approval t o acquire 100 percent of the voting shares of Independence Bank, Independence, Ohio. 2/ Atlanta Bay Bancshares, I n c . , Oldsmar, F l o r i d a , f o r approval t o acquire at least 80 percent of the voting shares of Bank of Oldsmar, Oldsmar, F l o r i d a , and Clearwater Oaks Bank, Clearwater, F l o r i d a . 2J Atlanta Oahlonega Bancorp, I n c . , Dahloneqa, Georgia, for approval to acquire 100 percent of the voting shares of Bank of Dahlonega, Oahlonega, Georgia. 2/ Chicago Citizens Bank Holding, I n c . , Mukwonago, Wisconsin, f o r approval t o acquire at least 80 percent of the voting shares of Citizens Bank of Mukwonago, Mukwonago, Wisconsin. 2/ Chicago Farmers National Bancorp, I n c . , Geneseo, I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger t o The Farmers National Bank of Geneseo, Geneseo, I l l i n o i s . 2/ Chicago Standard Bancshares, I n c . , Evergreen Park, I l l i n o i s , f o r approval to acquire at least 80 percent of the voting shares of Heritage/Standard Bank and Trust Company, Evergreen Park* I l l i n o i s . 2/ S t . Louis Citizens Union Bancorp of S h e l b y v i l l e , I n c . , S h e l b y v i l l e , Kentucky, f o r approval t o acquire 100 percent of the voting shares of the successor by merger t o Citizens Union Bank of S h e l b y v i l l e , S h e l b y v i l l e , Kentucky. 2/ St. Louis F i r s t National Bancshares, I n c . , Camdenton, Missouri, for approval to acquire at least 73 percent of the voting shares of F i r s t National Bank of Linn Creek, Camdenton, Camdenton, Missouri. 2/ Minneapolis Baldy Bancshares, I n c . , Lyle, Minnesota, f o r approval t o acquire at least 93.67 percent of the voting shares of the Farmer's State Bank of L y l e , Lyle, Minnesota. 2/ 2J A p p l i c a t i o n subject t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as t o the length of the comment period. H . 2 , 1982 No. 8 - 17 APPLICATIONS RECEIVED-Continued Minneapolis Graceville Bancorporation, I n c . , Graceville, Minnesota, for approval to acquire 100 percent of the voting shares The F i r s t State Bank of Graceville, Graceville, Minnesota. 2/ Kansas City American Eagle Holding Corporation, Piedmont, Oklahoma, f o r approval to acquire at least 80 percent of the voting shares of Rolling H i l l s State Bank, Piedmont, Oklahoma. 2/ Kansas City Col 1 i n s v i l i e Bancorp, I n c . , C o l l i n s v i l l e , Oklahoma, f o r approval to acquire at least 52.80 percent of the voting shares of American Exchange Bank, C o l l i n s v i l l e , Oklahoma. 2/ Kansas City Loup Valley Bancshares, I n c . , North Loup, Nebraska, f o r approval t o acquire 100 percent of the voting shares of North Loup Valley Bank, North Loup, Nebraska. 2J Kansas City Smith Center Bancshares, I n c . , Smith Center, Kansas, f o r approval t o acquire at least 80 percent of the voting shares of F i r s t National Bank of Smith Center, Smith Center, Kansas. 2/ Dallas Crowley Holding Company, Crowley, Texas, for approval to acquire at least 80 percent of the voting shares of The Bank of Crowley, Crowley, Texas. 2J Dallas Garrison Bancshares, I n c . , Garrison, Texas, for approval to acquire at least 80 percent of the voting shares of The Commercial State Bank, Garrison, Texas. \ j Dallas Northwest Bancshares, I n c . , Houston, Texas, f o r approval to acquire 100 percent of the voting shares of Northwest Bank and Trust, Houston, Texas. 2/ San Francisco Home Interstate Bancorp, Signal H i l l , C a l i f o r n i a , for approval t o acquire 100 percent of the voting shares of Home Bank, Signal H i l l , C a l i f o r n i a . 2J San Francisco Midland C a l i f o r n i a Holdings Limited, London, England, for approval to acquire a majority of the voting shares of Crocker National Corporation, San Francisco, C a l i f o r n i a , and i n d i r e c t l y acquire 100 percent of the voting shares of Crocker National Bank, San Francisco, C a l i f o r n i a . 2/ 2/ Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. I H.2, 1982 No. 8 - 18 APPLICATIONS RECEIVED-Continued To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Atlanta F i r s t Alabama Bancshares, I n c . , Montgomery, Alabama, f o r approval t o acquire 78,09 percent of the voting shares of F i r s t Farmers and Merchants National Bank of Troy, Troy, Alabama. 2/ Chicago Gary-Wheaton Corporation, Wheaton, I l l i n o i s , f o r approval t o merge with Batavia Investment Company, Batavia, I l l i n o i s , and thereby acquire 90 percent of the voting shares of Batavia Bank, Batavia, I l l i n o i s . 2/ Kansas C i t y Central Bancorporation, I n c . , Central Colorado Company, and C.C.B., I n c . , a l l of Denver, Colorado, f o r approval to acquire 100 percent of the voting shares of Central Bank at Highlands Ranch, N.A., and Central Bank of Inverness, N.A., both of Arapahoe County, Colorado, both proposed new banks. 2/ Dal las V i c t o r i a Bankshares, I n c . , V i c t o r i a , Texas, f o r approval to acquire 100 percent of the voting shares of The F i r s t National Bank of Gonzales, Gonzales, Texas. 2/ San Francisco U.S. Bancorp, Portland, Oregon, f o r approval to acquire 100 percent of the voting shares of F i r s t National Bank of Oregon, Canby, Oregon, a proposed new bank. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Chicago 2/ FIRST FREEP0RT CORPORATION, Freeport, I l l i n o i s , f o r approval t o merge with POLO BANCORP, INC., Polo, I l l i n o i s , and thereby i n d i r e c t l y acquire 98.6 percent of the voting shares of The Polo National Bank, Polo, I l l i n o i s . 2/ A p p l i c a t i o n subject t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as t o the length of the comment period. H.2, 1982 No. 8 - 19 APPLICATIONS RECEIVED-Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York Barclays Bank Limited, London, England and Barclays Bank International Limited, London, England, requests permission to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e (making business loans to small businesses or individuals borrowing f o r business purposes, primarily secured by f i r s t and second mortgages on real estate) at 1950 Bishop Land, Waterson Towns, Suite 720, L o u i s v i l l e , Kentucky, through t h e i r subsidiary, BarclaysAmerican/ Mortgage, I n c . , serving customers in L o u i s v i l l e and surrounding areas i n Kentucky (2/16/82) New York The Chase Manhattan Corporation, New York, New York, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making or acquiring, for i t s own account or for the account of others, loans and other extensions of credit such as would be made by a commercial finance, equipment finance or factoring company, including factoring accounts receivable, making advances and over-advances on receivables and inventory and business installment lending as well as unsecured commercial loans; servicing loans and other extensions of c r e d i t ; leasing personal property on a f u l l payout basis and in accordance with the Board's Regulation Y, or acting as agent, broker or advisor in so leasing such property, including the leasing of motor vehicles) at City Center Square, Suite 1300, 1100 Main Street, Kansas C i t y , Missouri, serving the States of I l l i n o i s , Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri and Wisconsin, through i t s subsidiary, Chase Commercial Corporation (2/18/82) New York C i t i c o r p , New York, New York, requests permission to engage in the following a c t i v i t i e s (the making of loans to foreign importers to finance purchases of goods and services of United States manufacture or o r i g i n and/or costs incidental thereto: foreign importers seeking loans would be referred to C i t i c o r p Export Credit Corporation by Citibank overseas branch o f f i c e s or other financial i n s t i t u t i o n s , and such loans would be made or acquired by C i t i c o r p Export Credit Corporation) at 399 Park Avenue, New Yofk, New York, through i t s subsidiary, C i t i c o r p Export Credit Corporation (2/19/82) Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (the o r i g i n a t i o n of FHA, VA and conventional residential mortgage loans) at 360 Silverside Road, Wilmington, Delaware, serving the State of Delaware and in the Counties of Delaware and Chester in the State of Pennsylvania, through i t s subsidiary, Colonial Mortgage Service Company Associates, Inc. (2/17/82) I H.2, 1982 No. 8 - 20 APPLICATIONS RECEIVED-Continued Richmond F & M Holding Company, Sumrnersville, West V i r g i n i a , n o t i f i c a t i o n of intent t o engage i n de novo a c t i v i t i e s (acting as agent in the sale of c r e d i t l i f e , c r e d i t accident and health insurance which is d i r e c t l y related t o the extensions of c r e d i t granted by Farmers & Merchants Bank of Sumrnersville) at 811 Main Street, Sumrnersville, West V i r g i n i a , serving a l l of Nicholas County, West V i r g i n i a (2/16/82) Atlanta Barnett Banks of F l o r i d a , I n c . , Jacksonville, Florida, not i f i c a t i o n of intent t o engage in de novo a c t i v i t i e s ( i n o f f e r i n g from three additional o f f i c e s , check v e r i f i c a t i o n services, including authorizing subscribing merchants to accept certain personal purchase money checks and obligating V e r i f i c a t i o n s , I n c . , to purchase properly v e r i f i e d checks which are subsequently dishonored) in Jackson, Mississippi, an o f f i c e located in Knoxville, Tennessee and an o f f i c e located in Nashville, Tennessee, as well as from the principal o f f i c e of V e r i f i c a t i o n s , I n c . , located at 4160 Woodcock Drive, Suite 100, Jacksonville, Florida, and would be offered throughout the States of Mississippi and Tennessee (2/17/82) Atlanta Plateau Bancshares, Incorporated, C r o s s v i l l e , Tennessee, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (the appraisals of real property) at Woodmere Mall, C r o s s v i l l e , Tennessee, serving the county i n which the Holding Company is located and those counties w i t h i n a 75 mile radius of the o f f i c e , t h i s service w i l l be s p e c i f i c a l l y provided at t h i s time to Peoples Bank & Trust Company, Wartburg, Tennessee, Peoples Bank of C r o s s v i l l e , C r o s s v i l l e , Tennessee, and Bledsoe County Bank, P i k e v i l i e , Tennessee (2/11/82) Kansas City C o l l i n s v i l l e Bancorp, I n c . , C o l l i n s v i l l e , Oklahoma, for approval t o acquire 99 percent of the voting shares of F £ M Insurance Agency, C o l l i n s v i l l e , Oklahoma. Kansas City Loup Valley Bancshares, I n c . , North Loup, Nebraska, f o r approval to acquire 100 percent of the voting shares of North Loup Insurance Agency, I n c . , North Loup, Nebraska. Kansas City Midland Capital Co., Oklahoma C i t y , Oklahoma, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (leasing of personal property t o buTTnesses, i n d i v i d u a l s , and/or government e n t i t i e s ) at 134 Robert S. Kerr, Oklahoma C i t y , Oklahoma, the geographic area t o be served w i l l be the State of Oklahoma, through a subsidiary, Midland Leasing Co. (2/18/82) H.2, 1982 No. 8 - 21 - APPLICATIONS RECEIVED-Continued Dal las South Texas Bancshares, I n c . , B e e v i l l e , Texas, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (operating as a c r e d i t reinsurance company and w i l l assume c r e d i t l i f e and d i s a b i l i t y insurance business d i r e c t l y related to i t s extensions of c r e d i t ) at 100 South Washington, B e e v i l l e , Texas and 103 North Highway 359, Mathis, Texas, the geographic areas t o be served w i l l be Bee and San P a t r i c i a Counties, through i t s s u b s i d i a r y , South Texas Bankers L i f e Insurance Company (2/16/82) San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , not i f i c a t i o n of i n t e n t t o expand i t s de novo a c t i v i t i e s (making or acquiring f o r i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a finance company, s e r v i c i n g loans and other extensions of c r e d i t , and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident and health insurance; c r e d i t - r e l a t e d property insurance w i l l not be o f f e r e d i n e i t h e r the State of Georgia or the State of South Carolina; such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , making consumer i n stallment loans; purchasing installment sales finance c o n t r a c t s ; making loans and other extensions of c r e d i t t o small businesses; making loans and other extensions of c r e d i t secured by real and personal property; and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d accident and health insurance d i r e c t l y r e l a t e d to extensions of c r e d i t made or acquired by FinanceAmerica I n d u s t r i a l Plan, I n c . ) at 1141 East Altamonte D r i v e , Altamonte Springs, F l o r i d a , serving the a d d i t i o n a l States of Georgia and South Carolina, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica I n d u s t r i a l Plan, Inc. (a F l o r i d a corporation) (2/17/82) San Francisco Midland C a l i f o r n i a Holdings Limited, London, England, f o r approval t o acquire nonbanking companies of the Crocker organization. San Francisco Security P a c i f i c Corporation, Los Angeles, C a l i f o r n i a , not i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( i n financing and i n d u s t r i a l loan corporation a c t i v i t i e s through Security P a c i f i c Finance Money Center I n c . , including making, acquiring and s e r v i c i n g loans and other extensions of c r e d i t ; s e l l i n g and issuing investment c e r t i f i c a t e s ; and acting as agent f o r the sale of c r e d i t - r e l a t e d l i f e , c r e d i t - r e l a t e d accident and health and c r e d i t - r e l a t e d property insurance, a l l as authorized by C a l i f o r n i a law) at 1440 North Harbor B l v d . , F u l l e r t o n , C a l i f o r n i a and 1901 Olympic B l v d . , Locklin Center, Walnut Creek, C a l i f o r n i a , serving the State of C a l i f o r n i a , through i t s s u b s i d i a r y , Security P a c i f i c Finance Money Center I n c . (2/19/82) 8 - 22 - APPLICATIONS RECEIVED-Continued Security Pacific Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making or acquiring f o r i t s own account or f o r the account of others, asset based business loans and other commercial or i n d u s t r i a l loans and extensions of c r e d i t such as would be made by a f a c t o r i n g , rediscount or commercial finance company and engaging generally in the f a c t o r i n g business) at 1300 Quail Street, New Port Beach, C a l i f o r n i a ; One C a l i f o r n i a Street, Suite 525, San Francisco, C a l i f o r n i a ; 95 South Market, San Jose, C a l i fo rn i a and 400 North Olive, Southland Center, Suite 2520, Dallas, Texas, serving the United States, through i t s subsidiary, Security Pacific Business Credit Inc. (2/19/82) * * * * * REPORTS RECEIVED Ownership Statement Filed Pursuant t o Section 13(d) of the Securities Exchange Act The Bank of Vienna, Vienna, V i r g i n i a (Filed by Meyer H. Abraham) * * * * * PETITIONS FOR RULEMAKING None.
@FedFRASER