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ANNOONCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1985 No. 8
Actions of the Board
Applications and Reports Received
During the Week Ehding February 23, 1985
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Statement by Chairman Paul A. Volcker before the Senate Banking
Committee to present the Federal Reserve's monetary policy
objective for 1985.
The Board of Governors submits its tenetarv Policy Report to
the Congress pursuant to the Full Employment and Balanced
Growth Act of 1978.
Consumer Advisory Council meeting on March 13 and 14, in sessions
open to the public, in Terrace Roan E of the Board's Martin
Building.
New York
Inter Ccmnunity Bancorp, Springfield, New Jersey, extension of
time to May 16, 1985, within which to become a bank holding
company through the acquisition of Inter Comnunity Bank,
Springfield, New Jersey. 1/
Philadelphia
Meridian Bancorp, Inc., Reading, Pennsylvania, extension of time
to May 21, 1985, within which to acquire DBS, Inc., Reading,
Pennsylvania, a discount broker. \f
Philadelphia
National Penn Bancshares, Inc., Boyertown, Pennsylvania,
extension of time to June 2, 1985, within which to acquire
20 percent of the outstanding shares of Chestnut Hill National
Bank, Philadelphia, Pennsylvania, a de novo bank. 1/
Philadelphia
Delaware National Bank, Georgetown, Delaware, proposed merger
with Interim Delaware National Bank, Georgetown, Delaware,
under the charter and title of the former; report to the
Comptroller of the Currency on competitive factors. 1/
Richmond
Mid-Atlantic Barikcorp, Hagerstown, Maryland, extension of time
to July 23, 1985, within which to become a bank holding company
through the acquisition of Hagerstown Trust Company, Hagers
town, Maryland. 1/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 8
- 2 ACTIONS OF THE BOARD - Continued
Atlanta
Bank of Dooly, Vienna, Georgia, proposed merger with Dooly
Interim, Inc., Vienna, Georgia; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
Atlanta
First State Bank of Lineville, Lineville, Alabama, proposed
merger with First State Bank of Clay County, Lineville, Alabama;
report to the Federal Deposit Insurance Corporation on
competitive factors. 1/
Atlanta
Vanguard Bank & Trust Company, Valparaiso, Florida, proposed
merger with Valparaiso Interim Bank, Valparaiso, Florida;
report to the Federal Deposit Insurance Corporation on
competitive factors. 1/
Atlanta
Gulfside Holding Company, Inc., Gulf Breeze, Florida, extension
of time to May 24, 1985, within which to become a bank holding
company through the acquisition of Gulfside National Bank,
Gulf Breeze, Florida. 1/
Chicago
Security Trust and Savings Bank, Shenandoah, Iowa, an investment
in bank premises. 1/
Chicago
Bankers Trust Company, Des Moines, Iowa, an investment in bank
premises. 1/
Chicago
NED Northwest Bank, National Association, Traverse City, Michigan,
proposed merger with NBD Northwest Bank, Kalkaska, Michigan,
under the charter and title of NBD Northwest Bank, National
Association; report to the Comptroller of the Currency on
competitive factors. 1/
Chicago
First Bank of Oak Park, Oak Park, Illinois,
with FBOP Bank, Oak Park, Illinois, under
FBOP Bank, and title of First Bank of Oak
the Federal Deposit Insurance Corporation
factors. 1/
Chicago
Alpena Savings Bank, Alpena, Michigan, proposed merger with
AS Bank, Alpena, Michigan under the charter of AS Bank,
Alpena, Michigan and title of New Century Bank - Alpena,
Michigan; report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
Chicago
Mid Town Bank and Trust Company of Chicago, Chicago, Illinois,
proposed merger with Mid Town Interim Bank and Trust Company,
Chicago, Illinois, under the charter of Mid Town Interim Bank
T7
proposed merger
the charter of
Park; report to
on competitive
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 8
- 3 -
ACTIONS OF THE BOARD - Cdntinued
and Trust Company and title of Mid Town Bank and Trust Company
of Chicago; report to the Federal Deposit Insurance Corporation
on competitive factors. 1/
Chicago
Citizens National Bank of Stevens Point, Stevens Point, Wisconsin,
proposed merger with Marine National Interim Bank, Milwaukee,
Wisconsin, under the charter of The Citizens National Bank of
Stevens Point, and title of Citizens Marine National Bank,
Stevens Point, Wisconsin; report to the Comptroller of the
Currency on competitive factors. 1/
Chicago
NewCentury Bank - Metro West, Howell, Michigan, proposed con
solidation with The State Savings Bank of South Lyon, South
Lyon, Michigan, under the charter and title of New Century
Bank - Metro West; report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
Chicago
Arlington Bank Corporation, Arlington, Indiana, extension of
time to May 14, 1985, within which to acquire 100 percent
of the voting shares of Arlington State Bank, Arlington,
Indiana. 1/
St. Louis
Raymond Bancorp, Inc., Raymond, Illinois, extension of time to
May 20, 1985, within which to becane a bank holding company
through the acquisition of the successor by merger to The
First National Bank of Raymond, Raymond, Illinois. 1/
St. Louis
Sharp Bancshares, Inc., Cave City, Arkansas, extension of time
to March 31, 1985, within which to engage in insurance agency
activities in a town of less than 5,000 persons, through its
wholly-owned subsidiary, Sharp Insurance Agency, Inc., Cave
City, Arkansas. 1/
St. Louis
Citizens Bank and Trust Company, Glasgow, Kentucky, proposal
to merge with KSB Acquisition Bank, Inc., Glasgow, Kentucky;
report to the Federal Deposit Insurance Corporation on
competitive factors. 1/
St. Louis
FSB Corporation, Sullivan, Indiana, extension of time to April 19,
1985, within which to become a bank holding company through
the acquisition of Farmers State Bank of Sullivan, Sullivan,
Indiana. 1/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 8
- 4 -
ACTIONS OF TEE BOARD - Continued
St. Louis
National City Bank of Evansville, Evansville, Indiana, proposal
to merge with NCR Interim, National Association, Evansville,
Indiana; report to the Comptroller of the Currency on com
petitive factors. 1/
St. Louis
Calhoun Bancshares, Inc., Clinton, Missouri, extension of time
to March 21, 1985, within which to acquire Citizens State Bank
of Calhoun, Calhoun, Missouri. 1/
Dallas
National Bancshares Corporation of Texas, San Antonio, Texas,
extension of time to May 1, 1985, within which to acquire
Parkdale Bank, Corpus Christi, Texas. 1/
Dallas
National Bancshares Corporation of Texas, San Antonio, Texas,
extension of time to April 30, 1985, within which to acquire
Uvalde Bancshares, Inc., Uvalde, Texas and indirectly The
Uvalde Bank, Uvalde, Texas. 1/
Dallas
Martex Bancshares, Inc., Gladewater, Texas, extension of time
to May 28, 1985, within which to acquire The First State Bank,
Gladewater, Texas. 1/
Dallas
New Guaranty Bank and Trust Company, Delhi, Louisiana, proposed
merger with Guaranty Bank and Trust Company of Delhi, Delhi,
Louisiana; report to the Federal Deposit Insurance Corporation
on competitive factors. 1/
Dallas
New Peoples Bank, Shepherd, Texas, proposed merger with Peoples
State Bank, Shepherd, Texas; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
Dallas
Texas American Bank/Southwest, Stafford, Texas, proposed merger
with Southwestern Bank, Stafford, Texas; report to the Federal
Deposit Insurance Corporation on competitive factors. 1/
Dallas
New Dallas International Bank, Dallas, Texas, proposed merger
with Dallas International Bank, Dallas, Texas; report to the
Federal Deposit Insurance Corporation on competitive factors. 1/
Dallas
New Bridge City Bank, Bridge City, Texas, proposed merger with
Bridge City State Bank, Bridge City, Texas; report to the
Federal Deposit Insurance Corporation on competitive factors. 1/
San Francisco
First National Bank of Tempe, Tempe, Arizona, proposed acquisition
of assets and assumption of certain liabilities of the Yuma,
Parker and Sun City West, Arizona, branches of Century Bank,
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 8
- 5 -
ACTIONS OF THE BOARD - Continued
Phoenix, Arizona, under the title and charter of the former;
report to the Comptroller of the Currency on competitive
factors. 1/
T7Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 8
- 6 ACTIONS OF THE BOARD - Continued
Tb Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
Minneapolis
Kanabec State Bank, Mora, Minnesota. If
San Francisco
Columbia Bank, Phoenix, Arizona. If
* * * * *
Tb Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Approved
Richmond
Southern Bank, Richmond, Virginia, to establish an EFT facility
at 6100 Lakeside Avenue, Richmond, Virginia. 1/
Chicago
Wisconsin State Bank, Delavan, Wisconsin, to establish a branch
at Bauer Parkway and Geneva Street, Delavan, Wisconsin. 1/
* * * * *
Issued Intent Not to D isapp rove Change of Control
Pursuant to Change in Bank Control Act of 1978
St. Louis
Not Disapproved
GAB Bancorp., Jasper, Indiana. 1/
Kansas City
Arvada Bankshares, Ltd., Denver, Colorado. 1/
Kansas City
Montgomery County Financial Corporation, Independence, Kansas. If
* * * * *
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 8
- 7 ACTIONS OF THE BOARD - Continued
Applications and Notifications for International
Investments 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 Ccnpany Act of 1956, as amended
Approved
Atlanta
National Bank of Georgia, Atlanta, Georgia, grants permission
to convert National Bank of Georgia International Corporation,
Coral Gables, Florida, into an agreement corporation to be
named National Bank of Georgia International Bank, Coral
Gables, Florida.
* * * * *
To Form a Bank Holding Ccnpany Pursuant to Section
3(a) (1) of the Bank Holding Ccnpany Act of 1956
Returned
Chicago
Water Tower Bancorp, Inc., Chicago, Illinois, for
approval to acquire at least 80 percent of the voting shares
of Water Tower Trust and Savings Bank, Chicago, Illinois. 1/
Atlanta
JBC Bancshares, Inc., Jasper, Georgia, for approval to acquire
100 percent of the voting shares of Jasper Banking Company,
Jasper, Georgia. 1/
Chicago
ANB Corporation, Muncie, Indiana, for approval to acquire
100 percent of the voting shares of American National Bank
and Trust Company of Muncie, Muncie, Indiana. 1/
Chicago
FINE Holding Corp., Bettendorf, Iowa, for approval to acquire
100 percent of the voting shares of First Illinois National
Bank, Savanna, Illinois. 1/
St. Louis
CF Bancorp, Inc., Iouisville, Kentucky, for approval to acquire
100 percent of the voting shares of Citizens State Bank,
Owensboro, Kentucky. 1/
St. Louis
O.C.B. Bancorp, Paoli, Indiana, for approval to acquire 100
percent of the voting shares of Orange County Bank, Paoli,
Indiana. 1/
Approved
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 8
- 8 ACTIONS OF THE BOARD - Continued
Minneapolis
Lake Park Bancshares, Inc., Lake Park, Minnesota, for approval
to acquire 100 percent of the outstanding shares of State Bank
of Lake Park, Lake Park, Minnesota. 1/
Kansas City
Brookside Bancshares, Inc., Tulsa, Oklahoma, for approval to
acquire at least 81 percent of the voting cannon shares of
Brookside State Bank, Tulsa, Oklahoma. 1/
Dallas
Plaza Bancshares, Inc., Fort Worth, Texas, for approval to
acquire at least 80 percent of the voting shares of River
Plaza National Bank, Fort Worth, Texas. 1/
San Francisco
Fidelity Bancorp, Inc., Scottsdale, Arizona, for approval to
acquire 100 percent of the voting shares of Fidelity Bank,
Scottsdale, Arizona, a proposed new bank. 1/
* * * * *
To Expand a Bank Holding Ccnpany Pursuant to Section
3 (a) (3) of the Bank Holding Company of 1956
Richmond
Approved
American Bankshares, Inc., War, West Virginia, for approval to
acquire 100 percent of the voting shares of The Security Bank,
Fairmont, West Virginia. 1/
Atlanta
SunTrust Banks, Inc., Atlanta, Georgia, for approval to acquire
indirectly through its subsidiary, Sun Banks, Inc., Orlando,
Florida, 15 percent of the voting shares or assets of Peoples
Bank of Lakeland, Lakeland, Florida. 1/
Chicago
Metro Bancorporation, Waterloo, Iowa, for approved, to acquire
100 percent of the voting shares of Hudson State Bank, Hudson,
Iowa. 1/
Chicago
Peoples Mid-Illinois Corporation, Blocmington, Illinois, for
approval to acquire 100 percent of the voting shares of
First National Bank of Normal, Normal, Illinois. 1/
St. Louis
Capital Bancorporation, Inc., Clayton, Missouri, for approval
to acquire at least 80 percent of the voting shares of
Capital Bank & Trust Company of Clayton, Clayton, Missouri,
a proposed new bank. 1/
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 8
- 9 -
ACTIONS OF THE BOARD - Continued
St. Louis
First State Bancorporation, Inc., Tiptonville, Tennessee, for
approval to acquire at least 66.67 percent of the voting shares
of The Martin Bank, Martin, Tennessee. 1/
St. Louis
Liberty United Bancorp, Inc., Louisville, Kentucky, for approval
to acquire through its wholly-owned subsidiary, CF Bancorp, Inc.,
Louisville, Kentucky, and indirectly acquire at least 80 percent
of Citizens State Bank, Owensboro, Kentucky. 1/
St. Louis
Schmid Bros. Investment Co., Inc., Clayton, Missouri and its
subsidiary, Financial Bancshares, Inc., Sunset Hills, Missouri,
for approval to acquire 95.1 percent of the voting shares of
Bank of St. Mary, St. Marys, Missouri. 1/
St. Louis
Third Illinois Bancorp, Inc., Manchester, Missouri, for approval
to acquire 64.39 percent of the voting shares of Johnston City
State Bank, Johnston City, Illinois. 1/
Kansas City
Bank of the Rockies Bancshares, Inc., Boulder, Colorado, for
approval to acquire 100 percent of the voting cannon shares of
National Bank of the Rockies in Denver, Denver, Colorado, a
proposed new bank. 1/
Kansas City
Midwestern Services, Inc., Ctnaha, Nebraska, for approval to
acquire 100 percent of the voting shares of First Westside Bank
of Ctnaha, Ctnaha, Nebraska. 1/
Minneapolis
1/
Denied
Security Banks of Montana, Billings, Montana (formerly Security
Bancshares of Montana) for approval to acquire 100 percent of
the voting shares of Montana Bancsystem Inc., Billings, Montana,
and indirectly acquire Montana Bank of Billings, Billings;
Montana Bank of Circle, N.A., Circle; Montana Bank of
Livingston, Livingston; First National Montana Bank
of Missoula, Missoula; Montana Bank of South Missoula,
Missoula; Montana Bank of Forsyth, Forsyth; Baker
Bancorporation, Inc., Billings, and indirectly acquire
Montana Bank of Baker, N.A., Baker; Bozeman Bancorporation,
Inc., Billings and indirectly acquire Montana Bank of
Bozeman, N.A., Bozeman; Butte Bancorporation, Inc., Billings;
and indirectly acquire Montana Bank of Butte, N.A., Butte;
Mineral County Bancorporation, Inc., Billings and indirectly
acquire Montana Bank of Mineral County, Superior; Red Lodge
Bancorporation, Inc., Billings and indirectly acquire
Montana Bank of Red Lodge, N.A., Red Lodge; Roundup
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 8
- 10 -
ACTIONS OF THE BOARD - Continued
Bancorporation, Inc., Billings (formerly Roundup Insurance
Agency, Inc.) and indirectly acquire Montana Bank of
Roundup, N.A., Roundup; Sidney Holding Canpany, Billings
and indirectly acquire Montana Bank of Sidney, N.A., Sidney;
all of Montana.
* * * * *
To Expand a Bank Holding Ccnpany Pursuant to Section
4 (c) (8) o f the Bank Holding Ccnpany Act of 1956
Withdrawn
San Francisco
California Commercial Bancshares, Santa Ana, California, for
approval to purchase certain assets and assume certain
liabilities of Mission Hills Mortgage Corporation, Tustin,
California.
Minneapolis
First Bank System, Inc., Minneapolis, Minnesota, for approval
to indirectly acquire 100 percent of the outstanding shares of
Valley View, Inc., Bloomington, Minnesota, a general insurance
agency, in Bloomington, Minnesota, a community with a population
exceeding 5,000. 1/
Approved
Minneapolis
T7
Denied
Security Banks of Montana, Billings, Montana,(formerly Security
Bancshares of Montana) for approval to acquire certain nonbank
activities conducted by Montana Bancsystem Inc., Billings,
Montana, in providing data processing services and conducting
general insurance agency activities in communities with a
population not exceeding 5,000.
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 8
- 11 -
ACTIONS OF THE BOARD - Continued
Permitted
Chicago
Citizens Banking Corporation, Flint, Michigan, notification of
intent to engage in de novo activities (in underwriting,
as reinsurer, of credit life and accident and health
insurance directly related to extensions of credit by Citizens
Banking Corporation) through its subsidiary, Citizens Heritage
Life Insurance Company, Phoenix, Arizona (2/21/85) 3/
Chicago
The Marine Corporation, Milwaukee, Wisconsin, notification of
intent to engage in de novo activities (in data processing
and data transmission services, facilities {including data
processing and data transmission hardware, software,
documentation and operating personnel}, data bases and
access to such services to other financial institutions)
(2/22/85) 3/
Chicago
Correction;
The notice for Northern Trust Corporation, Chicago, Illinois,
to engage in providing management consulting services to
depository institutions through the acquisition of Northern
Trust Services, Inc., Chicago, Illinois, was listed under
Returned by mistake. This notice should have been listed as
Permitted.
(2/22/85) 3/
St. Louis
Lincoln Bankshares, Inc., Lincoln, Arkansas, notification of
intent to engage in de novo activities (in insurance sales,
in a community with a population not exceeding 5,000) through
its subsidiary, Lincoln Insurance Agency, Lincoln, Arkansas
(2/21/85) 3/
Dallas
Independent Bankshares Inc.,Abilene, Texas, notification of
intent to engage in de novo activities (in underwriting
credit related insurance that is directly related to an
extension of credit by the Bank Holding Company System
pursuant to Section 225.25(b)(9) of Regulation Y) the
geographic scope serves the State of Texas, through its
subsidiary, First Independent Bankshares Life Insurance Co.,
Abilene, Texas. (2/20/85) 3/
Dallas
Washington County Bancshares, Inc., Brenham, Texas, notifi
cation of intent to engage in de novo activities (in mortgage
loan origination and servicing pursuant to section 225.25(b)(1)
of Regulation Y) the geographic scope serves the United States
(2/22/85) 3/
3J
Notification processed by Reserve Bank on behalf of the Board of Governors
voider delegated authority.
H.2, 1985 No. 8
- 12 -
APPLICATIONS RECEIVED
* * * * *
Atlanta
To Merge Pursuant to Section 18 (c)
of the Federal Deposit Insurance Act
Central Bank of the South, Birmingham, Alabama. To acquire
the assets and assume the liabilities of the First National
Bank of Mobile, Mobile, Alabama, and AmSouth Bank, N.A.,
Birmingham, Alabama. 2/
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Philadelphia
Laurel Bank, Ebensburg, Pennsylvania.
* * * * *
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Cleveland
The Fifth Third Bank, Cincinnati, Ohio, to establish a branch
in Hamilton, Ohio. 21/
Richmond
Bank of Virginia, Richmond, Virginia, to establish a branch in
Oyster Point Industrial Park, 601 Thimble Shoals Blvd.,
Newport News, Virginia. 2J
Atlanta
Union Bank & Trust Co., Montgomery, Alabama, to convert an AIM
facility to a mini-branch located at 1305 Mulberry Street,
Montgomery, Alabama. 2/
San Francisco
First Interstate Bank of California, Los Angeles, California,
to establish a branch at 1330 East Shaw Avenue, City and
County of Fresno, California. 2/
2/
Application subject to Ccmnunity 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. 8
- 13 APPLICATIONS RECEIVED - Continued
San Francisco
First Interstate Bank of California, Los Angeles, California,
to establish a branch at 15626 Raush Street, City of Industry,
Los Angeles County, California. 2/
* * * * *
Applications and Notifications foot International
Investments 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 Company Act of 1956, as amended
Boston
Bank of Boston International ("BBI"), New York, New York,
and Bank of Boston International South ("BBIS"), Miami,
Florida, requests prior approval to amend the Fourth
Article of their respective Articles of Association. Such
amendment is designed to facilitate the establishment of branch
offices.
New York
Citicorp, New York, New York, prior notification of its intent
to make an additional investment in Citicorp International
(Singapore) Ltd., Singapore.
New York
The Hongkong and Shanghai Banking Corporation, Hong Kong, prior
notification of its intent to make an additional investment
in its indirectly held majority owned export trading company
subsidiary, Equator Limited, Hartford, Connecticut, and to
have the ETC take title to goods in instances where it does not
have firm orders for the sale of those goods.
New York
Irving Trust Company, New York, New York, prior notification of
its intent to make an additional investment in Banco Irving
Austral S.A., Zarate, Argentina to increase its equity ownership
to nearly 100 percent.
* * * * *
27
Application subject to Community Reinvestment Act. The Community Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the comment period.
H,2, 1985 No. 8
- 14 -
APPLICATIONS RECEIVED - Continued
To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Philadelphia
Firstway Financial, Inc., Waynesboro, Pennsylvania, for approval
to acquire 100 percent of the voting shares of First National
Bank and Trust Co., Waynesboro, Pennsylvania. 2/
Atlanta
First American Bancorp, Decatur, Alabama, for approval to
acquire 100 percent of the voting shares of First American
Bank, Decatur, Alabama. 2/
Atlanta
Gulf Coast Holding Corporation ESOT, Panama City, Florida, for
approval to acquire at least 25 percent of the voting shares
of Gulf Coast Holding Corporation, Panama City, Florida and
indirectly First National Bank, Panama City, Florida. 2/
Atlanta
Repton Supply Co., Inc., Brewton, Alabama, for approval to acquire
at least 11.8 percent of the voting shares of Bank of Brewton,
Brewton, Alabama. 2/
Atlanta
St. Mary Holding Corporation, Franklin, Louisiana, for approval
to acquire 100 percent of the voting shares of The St. Mary
Bank and Trust Carpany, Franklin, Louisiana. 2/
Chicago
Chicago Commerce Bancorporation, Chicago, Illinois, for approval
to acquire at least 97 percent of the voting shares of Chicago
Bank of Commerce, Chicago, Illinois. 2/
Chicago
Water Tower Bancorp, Inc., Chicago, Illinois, for approval to
acquire at least 80 percent of the voting shares of Water
Tower Trust and Savings Bank, Chicago, Illinois. 2/
St. Louis
Red Bud Bankcorp, Inc., Red Bud, Illinois, for approval to
acquire at least 80 percent of the voting shares of First
State Bank of Red Bud, Red Bud, Illinois. 2]
Kansas City
Buerge Bancshares of Girard, Inc., Girard, Kansas, for approval
to acquire at least 80 percent of the voting shares of Mid
American Bancshares, Inc., Girard, Kansas and indirectly acquire
The First National Bank of Girard, Girard, Kansas. 2/
Kansas City
First Antlers Bancorporation, Inc., Antlers, Oklahoma, for
approval to acquire at least 80 percent of the voting shares of
First Antlers Bancshares, Inc., Antlers, Oklahoma and
indirectly First National Bank at Antlers, Antlers, Oklahoma. 2/
2/
Application subject to Cannunitv Reinvestment Act. The Ccmnunity Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the comment period.
H.2, 1985 No. 8
- 15 APPLICATIONS RECEIVED - Continued
Kansas City
F&M Bankshares of Hill City, Inc., Hill City, Kansas, for
approval to acquire at least 96.9 percent of the voting shares
of The Farmers & Merchants Bank of Hill City, Hill City, Kansas. 2/
Kansas City
Fourth Financial Corporation, Wichita, Kansas, for approval to
acquire 24.9 percent of the voting shares of Wichita Bancshares,
Inc., Wichita, Kansas and indirectly acquire Charter Bank,
N.A., Wichita, Kansas. 2/
Kansas City
Luray Bankshares, Luray, Kansas, for approval to acquire 100
percent of the voting shares of The Peoples State Bank, Luray,
Kansas. 2/
Kansas City
Northeastern Oklahoma Bancorporation, Inc., Inola, Oklahoma,
for approval to acquire at least 94.84 percent of the voting
shares of Bank of Inola, Inola, Oklahoma. 2/
Kansas City
Wichita Bancshares, Inc., Wichita, Kansas, for approval to acquire
100 percent of the voting shares of Charter Bank, N.A., Wichita,
Kansas. 2/
Dallas
First Western Holding Company, Carrollton, Texas, for approval
to acquire 100 percent of the voting shares of First Western
National Bank of Carrollton, Carrollton, Texas. 2/
Dallas
First White Oak Bancshares, Inc., White Oak, Texas, for approval
to acquire at least 80 percent of the voting shares of White Oak
State Bank, White Oak, Texas. 2/
San Francisco
SC Bancorp, Costa Mesa, California, for approval to acquire at
least 80.1 percent of the voting shares of SOUTH COAST BANK,
Costa Mesa, California. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3 (a) (3) of the Bank Holding Company Act of 1956
Richmond
~Tj
American Bankshares, Inc., War, West Virginia, for approval
to acquire 100 percent of the voting shares of The Security
Bank, Fairmont, West Virginia. 2/
Application subject to Ccrmtunity Reinvestment Act. The Ccranunity Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the comment period.
H.2, 1985 No. 8
- 16 -
APPLICATIONS RECEIVED - Continued
Atlanta
First National Corporation of Jacksonville, Jacksonville,
Alabama, for approval to acquire 100 percent of the voting
shares of Bank of Anniston, Anniston, Alabama. 2/
Chicago
First United Financial Services, Inc., Arlington Heights,
Illinois, for approval to retain 14.07 percent of the voting
shares of Unibancorp, Chicago, Illinois and indirectly
UnibancTrust Company, Chicago, Illinois and Hawthorne Bank
of Wheaton, Wheaton, Illinois. 2/
St. Louis
First Kentucky National Corporation, Louisville, Kentucky, for
approval to acquire 100 percent of the voting shares of Bank
of Carmerce and Trust Company, Lexington, Kentucky. 2/
Dallas
First City Bancorporation of Texas, Inc., Dallas, Texas, for
approval to acquire 100 percent of the voting shares of First
City Bank-Sioux Falls, N.A., Sioux Falls, South Dakota, a pro
posed new bank. 2/
Dallas
Haltcm City Bancshares, Inc., Dallas, Texas, for approved to
acquire 100 percent of the voting shares of American Bank of
Carmerce, Grapevine, Texas. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4 (c) (8) of the Bank Holding Company Act of 1956
New York
Carmercial Bancshares, Inc., Jersey City, New Jersey, to engage
de novo (in making, acquiring and/or servicing loans for itself
or for others of the type made by a mortgage company and selling
credit life, disability or involuntary unemployment insurance)
through Creditco Inc., Woodbridge, New Jersey. The activities
would be conducted nationwide (2/21/85)
New York
First Jersey National Corporation, Jersey City, New Jersey, to
to engage de novo directly (in making, acquiring and/or servicing loans for itself or for others of the type made by a
consumer finance company and a commercial finance company) the
activity will be conducted throughout the northeastern United
States (2/19/85)
2/
Application subject to Community Reinvestment Act. The Ccmnunity Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the connent period.
H.2, 1985 No. 8
- 17 APPLICATIONS RECEIVED - Continued
Cleveland
PNC Financial Corporation, Pittsburgh, Pennsylvania, to engage
de novo (making, acquiring, and/or servicing loans for itself
or for others of the type made by a consumer finance canpany)
through PNC-NJ Credit Corp. The activities will be conducted
in the State of New Jersey (2/19/85)
Richmond
LTC Bancorp, Cumberland, Maryland, to engage de novo (in making,
acquiring, and/or servicing loans for itself or for others of
the type made by a consumer finance company and commercial
finance company and selling credit life, disability, or
involuntary unemployment insurance) through its subsidiary,
Community Finance, Inc., Cumberland, Maryland. The activities
will be conducted within a 90-mile radius of Cumberland,
covering portions of Maryland, West Virginia, and Pennsylvania
(2/19/85)
Richmond
Sovran Financial Corporation, Norfolk, Virginia, to engage in
underwriting credit life and disability insurance on consumer
loans through the merger of Security Atlantic Life Insurance
Company into Sovran Life Insurance Company, both in Phoenix,
Arizona.
Richmond
Sovran Financial Corporation, Norfolk, Virginia, to engage de
novo (in underwriting and dealing in obligations of the United
States, general obligations of states and political subdivisions,
and other obligations in which state member banks are authorized
to underwrite and deal, providing portfolio investment advice
to any person, and engaging in the activities of a trust company
of a fiduciary, agency, or custodial nature) through a subsidiary
to be known as Sovran Securities Corporation, Richmond, Virginia.
The activities would be conducted nationwide (2/21/85)
Atlanta
Henry County Bancshares, Inc., Stockbridge, Georgia, to engage
de novo (in making, acquiring, and/or servicing loans for
itself or for others of the type made by a mortgage company)
through First Metro Mortgage Co., Stockbridge, Georgia
(2/13/85)
Chicago
Comprehensive Investment Company, Coon Rapids, Iowa, for approval
to engage in insurance agency activities in a town of less
than 5,000 persons through the acquisition of Siedhoff Insurance
Agency, Bayard, Iowa.
Chicago
First Oak Brook Bancshares, Inc., Oak Brook, Illinois, to engage
de novo (in providing financially related courier services)
through F.O.B. Courier Express Corporation, Oak Brook, Illinois.
The activities would be conducted in the states of Illinois,
Indiana, and Wisconsin (2/20/85)
- 18 -
H.2, 1985 No. 8
APPLICATIONS RECEIVED - Continued
Chicago
Peoples Bankshares, Ltd., Waterloo, Iowa, for approval to engage
nationwide in full pay-out personal and real property leasing
through the acquisition of Bankers Plus, Inc., Minneapolis,
Minnesota.
St. Louis
United Community Bancorp, Inc., Greenfield, Illinois, (formerly
First Fanners Investment Corporation, Inc.), to engage de novo
(in providing to others financial related data processing and
data transmission services, facilities, and data bases; or
access to them)
(2/22/85)
Kansas City
First Antlers Bancorporation, Inc., Antlers, Oklahoma, for approval
to engage in the sale of credit life and accident and health
insurance through the acquisition of First Antlers Insurance
Agency, Inc., Antlers, Oklahoma.
Kansas City
United Ccranunity Corporation, Shawnee, Oklahoma, for approval to
engage de novo in providing management consulting advice to
nonaffiliated bank and nonbank depository institutions,
including accounting and auditing services, asset quality review
services, and economic development consulting services.
San Francisco
Security Pacific Corporation, Los Angeles, California, to engage
de novo (in acting as financial or investment advisor for a
mortgage or real estate investment trust or corporation)
through Security Pacific Mortgage Advisors, Inc., Denver
Colorado (2/19/85)
* * * * *
REPORTS RECEIVED
Proxy
Statement (Special Meeting) Filed Pursuant to
Section 14(a) of the Securities Exchange Act
Bank of Virginia Beach
Virginia Beach, Virginia
* * * * *
H.2, 1985 No. 8
- 19 APPLICATIONS RECEIVED - Continued
Ownership Statement Filed Pursuant to
Section 13(d) of the Securities Exchange Act
Peoples Bank of Danville
Danville, Virginia
Filed by George B. Buchanan, Jr.
Worth Harris Carter, Jr.
George W. Lester, II
* * * * *
PETITIONS FOR RULEMAKING
None.
@FedFRASER