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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1989, No. 8 Actions of the Board, its Staff, and the Federal Reserve Banks? Applications and Reports Received During the Week Ending February 25, 1989. ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Reform and recovery of the thrift industry — statement by Chairman Greenspan before the Senate Committee on Banking# Housing# and Urban Affairs# February 23# 1989. Authorized# February 21# 1989. International debt of developing countries — interagency report to Congress# Study On Accounting and Regulatory Policies Affecting Debt Restructuring. Published# February 22# 1989. DISCOUNT RATES Discount rates — increase from 6-1/2 percent to 7 percent by the Federal Reserve Banks of Boston# New York# Philadelphia# Cleveland# Richmond# Atlanta# Chicago# St. Louis# Minneapolis# Kansas City# Dallas# and San Francisco. Approved# February 24# 1989. REGULATIONS AND POLICIES Interstate banking laws — determination concerning reciprocity of Arkansas and Oklahoma laws. Granted# February 21# 1989. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS! BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs# FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management; IG - Office of the Inspector General BANK BRANCHES, DOMESTIC Atlanta Admiralty Bank# Juno Beach# Florida — to establish a branch at 4400 P. G. A. Boulevard# Palm Beach Gardens# Florida. Approved# February 23# 1989. San Francisco Capital Bank of Carlsbad# Carlsbad# California — to establish a branch near the intersection of Marguerite Parkway and La Paz Road# Mission Viejo# California. Approved# February 24# 1989. H.2 FEBRUARY 19, 1989 PAGE 2 TO FEBRUARY 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch at the intersection of Route 122 and Route 616, Moneta, Virginia. Approved, February 24, 1989. Richmond Farmers & Merchants Bank, Timberville, Virginia — establish a branch at the Elkton Plaza Shopping Center, Elkton, Virginia. Approved, February 23, 1989. New York Morgan Guaranty Trust Company of New York, New York, New York — to establish a branch at 60 Wall Street. Approved, February 24, 1989. Richmond Northern Neck State Bank, Warsaw, Virginia — to establish a branch on Route 3, west of the Route 645 intersection, Montross, Virginia. Approved, February 23, 1989. to BANK HOLDING COMPANIES Atlanta Bankers Capital Corporation, Forest, Mississippi — to acquire the Metropolitan Corporation, Biloxi, Mississippi. Returned, February 23, 1989. New York Bridge Bancorp, Inc., Bridgehampton, New York — acquire The Bridgehampton National Bank. Approved, February 24, 1989. St. Louis First Bancshares, Inc., St. Charles, Missouri — to acquire First State Bank of St. Charles, Missouri. Approved, February 22, 1989. Kansas City First Commerce Bancshares, Inc., Lincoln, Nebraska; The Stuart Family Partnership; The Catherine Stuart Schmoker Family Partnership; James Stuart, Jr. Family Partnership; and Scott Stuart Family Partnership — to acquire additional shares of Lincoln Bank South. Approved, February 22, 1989. to H.2 FEBRUARY 19, 1989 PAGE 3 TO FEBRUARY 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco First Financial Bancorp, Lodi, California — engage de novo in loan activities. Permitted, February 19, 1989. Chicago First National Bankshares, Inc., Logansport, Indiana — to acquire First Bank of America, Inc., Monticello, Indiana, and First National Bank of Indiana. Approved, February 24, 1989. Kansas City First Tuttle Bancorp, Inc., Tuttle, Oklahoma — acquire First National Bank of Tuttle. Approved, February 22, 1989. Boston Fleet / Norstar Financial Group Inc., Providence, Rhode Island — to acquire Fleet Real Estate Funding Corp., Columbia, South Carolina. Approved, February 24, 1989. Atlanta ITT Corporation, New York, New York — determination regarding dual service of Benjamin F. Payton with AmSouth Bancorporation, Birmingham, Alabama. Granted, February 24, 1989. Philadelphia Madison Bancshares Group, Ltd., Blue Bell, Pennsylvania — to acquire The Madison Bank. Approved, February 24, 1989. Chicago Midlothian State Bank Employee Stock Ownership Trust, Midlothian, Illinois — to acquire Midlothian State Bank. Approved, February 23, 1989. San Francisco Mission - Valley Bancorp, Pleasanton, California — to acquire The Bank of Milpitas, N.A., Milpitas, California. Approved, February 21, 1989. San Francisco Puget Sound Bancorp, Tacoma, Washington — to engage de novo in providing investment advice through Washington Capital Corporation, Seattle, Washington. Permitted, February 19, 1989. to to H.2 FEBRUARY 19, 1989 PAGE 4 TO FEBRUARY 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York Sleepy Hollow Bancorp, Inc., North Tarrytown, New York — to acquire The First National Bank of North Tarrytown. Approved, February 24, 1989. Atlanta SouthTrust Corporation, Birmingham, Alabama — to acquire Meigs County Bancshares, Inc., Decatur, Tennessee. Withdrawn, February 21, 1989. San Francisco Transamerica Corporation, San Francisco, California — determination regarding dual service of Sam Ginn with First Interstate Bancorp, Los Angeles, California. Granted, February 22, 1989. BANK PREMISES New York Morgan Guaranty Trust Company of New York, New York, New York — investment in bank premises. Approved, February 24, 1989. Cleveland New Waterford Bank, New Waterford, Ohio — in bank premises. Approved, February 23, 1989. Cleveland Ohio Citizens Bank, Toledo, Ohio — bank premises. Approved, February 21, 1989. Chicago Rock Island Bank, Rock Island, Illinois — in bank premises. Approved, February 23, 1989. investment investments in investment BANKS, STATE MEMBER Kansas City Eaton Bank, Eaton, Colorado — Approved, February 23, 1989. payment of a dividend. Dallas First State Bank, Brackettville, Texas — a dividend. Approved, February 24, 1989. payment of H.2 FEBRUARY 19, 1989 PAGE 5 TO FEBRUARY 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BOARD OPERATIONS IG Office of the Inspector General — appointment of Barry R. Snyder as Assistant Inspector General. Approved, February 24, 1989. CAPITAL STOCK Philadelphia First Peoples Financial Corp., Haddon Township, New Jersey — redemption of shares. Approved, February 21, 1989. Staff Director BS&R Morgan Guaranty Trust Company of New York, New York, New York — redemption of shares. Approved, February 24, 1989. CHANGE IN BANK CONTROL Dallas Fidelity Resources Company, Dallas, Texas — in bank control. Permitted, February 24, 1989. change Chicago First Rantoul Corporation, Rantoul, Illinois — change in bank control. Permitted, February 24, 1989. Atlanta Metropolitan Corporation, Biloxi, Mississippi — change in bank control. Returned, February 23, 1989. Dallas Pilot Point Bancorp, Inc., Pilot Point, Texas — change in bank control. Permitted, February 24, 1989. COMPETITIVE FACTORS REPORTS Atlanta Fayette Community Bank & Trust Company, Fayetteville, Georgia, proposed acquisition of certain assets and assumption of liabilities to pay deposits of the Fayetteville Branch of Anchor Savings Bank, F.S.B. — report on competitive factors. Submitted, February 23, 1989. San Francisco First Bank, Ketchikan, Alaska, proposed merger with Phantom State Bank — report on competitive factors. Submitted, February 24, 1989. H.2 FEBRUARY 19, 1989 PAGE 6 TO FEBRUARY 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Minneapolis First National Bank of Chisholm, Chisholm, Minnesota, proposed merger with New National Bank of Chisholm — report on competitive factors. Submitted, February 23, 1989. Chicago First of America Bank - Grand Traverse, National Association, Traverse City, Michigan, proposed merger with Antrim County State Bank, Mancelona, Michigan — report on competitive factors. Submitted, February 21, 1989. Chicago Firstbank, Shepherd, Michigan, proposed merger with Bank of Alma, Alma, Michigan — report on competitive factors. Submitted, February 21, 1989. Chicago Lafayette National Bank, Lafayette, Indiana, proposed merger with The Lowell National Bank, Lowell, and Union Bank and Trust Company, Delphi, Indiana — report on competitive factors. Submitted, February 21, 1989. Chicago National Bank of Hastings, Hastings, Michigan, proposed merger with NBH National Bank — report on competitive factors. Submitted, February 21, 1989. Atlanta NCNB National Bank of Florida, Tampa, Florida, proposed purchase of assets and assumption of the deposit liabilities of seven Brevard County Branches of First American Bank and Trust, Lake Worth, Florida — report on competitive factors. Submitted, February 21, 1989. Minneapolis Triumph State Bank, Trimont, Minnesota, proposed merger with State Bank of Butterfield, Butterfield, Minnesota — report on competitive factors. Submitted, February 23, 1989. Chicago Trustcorp Bank, South Bend, South Bend, Indiana, proposed merger with Trustcorp Bank, Winamac, Winamac, Indiana — report on competitive factors. Submitted, February 21, 1989. H.2 FEBRUARY 19, 1989 PAGE 7 TO FEBRUARY 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Trustcorp Bank, South Bend, South Bend, Indiana, proposed merger with Trustcorp Bank, Goshen, Goshen, Indiana — report on competitive factors. Submitted, February 21, 1989. Chicago Trustcorp Bank, South Bend, South Bend, Indiana, proposed merger with Trustcorp Bank, Knox, Knox, Indiana — report on competitive factors. Submitted, February 21, 1989. EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, February 21, 1989. San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain properties. Granted, February 24, 1989. Richmond First Community Bank, Forest, Virginia — extension to April 9, 1989, to acquire three Lynchburg, Virginia, Branches from Signet Bank, Richmond, Virginia. Granted, February 23, 1989. Cleveland 1st Security Bank, Hillsboro, Ohio — extension to August 19, 1989, to establish a branch at 511 North High Street. Approved, February 23, 1989. Richmond First Union Corporation, Charlotte, North Carolina — extension to May 28, 1989, to engage in data processing through Georgia Interchange Network, Inc., Atlanta, Georgia. Granted, February 23, 1989. Richmond First Wachovia Corporation, Winston-Salem, North Carolina — extension to May 28, 1989, to engage in data processing through Georgia Interchange Network, Inc., Atlanta, Georgia. Granted, February 23, 1989. H.2 FEBRUARY 19, 1989 PAGE 8 TO FEBRUARY 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE Kansas City FirstBank Holding Company of Colorado, Lakewood, Colorado — extension to May 11, 1989, to acquire FirstBank of 30th/Arapahoe, N.A., Boulder; FirstBank of Table Mesa, N.A.; and First Bank of Southmoor Park, N.A, Denver, Colorado. Granted, February 23, 1989. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain properties. Granted, February 21, 1989. Philadelphia Madison Bank, Blue Bell, Pennsylvania — member of the Federal Reserve System. Approved, February 24, 1989. MEMBERSHIP to become a RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Atlanta — to implement a $1.00 Districtwide intraterritory cash letter fee for forward collection of check deposits. Approved, February 23, 1989. Director, FRBO Federal Reserve Banks — to offer a fixed availability deposit option for mixed return item cash letters at previously approved fees and deadlines. Approved, February 23, 1989. H.2 FEBRUARY 19, 1989 PAGE 9 ADDITIONS AND CORRECTIONS TO FEBRUARY 24, 1989 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Leveraged financing transactions — guidance to examiners during on-site examination of banks and bank holding companies. Proposed, February 15, 1989. RESERVE BANK SERVICES Cash services — recommendations concerning the finality accorded commercial ACH transactions processed by the Reserve banks (Docket R-0661). Proposed, February 15, 1989. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Atlanta Sun Bank of Ocala, Ocala, Florida — bank premises. Approved, February 15, 1989. investment in BANKS, STATE MEMBER Staff Director BS&R Union Bank, Los Angeles, California — registrat ion. Withdrawn, February 17, 1989. transfer agent COMPETITIVE FACTORS REPORTS St. Louis BoatmenTs National Bank of St. Louis, St. Louis, Missouri; BoatmenTs Bank of Jefferson County, Festus; Boatmen1s Bank of 0 TFallon, 0 TFallon, proposed merger with Centerre Bank National Association, St. Louis, Missouri — report on competitive factors. Submitted, February 15, 1989. Cleveland Citizens National Bank of Urbana, Urbana, Ohio, proposed merger with Citizens Interim National Association — report on competitive factors. Submitted, February 15, 1989. H.2 FEBRUARY 19, 1989 PAGE 10 ADDITIONS AND CORRECTIONS TO FEBRUARY 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Secretary First Interstate Bank of Oregon, National Association, Portland, Oregon, proposed purchase of assets and assumption of liabilities of Jefferson State Bank, Medford, Oregon — report on competitive factors. Submitted, February 17, 1989. San Francisco Pioneer Bank, Salt Lake City, Utah — to become a member of the Federal Reserve System. Returned, January 31, 1989. MEMBERSHIP RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Minneapolis — to offer data transmission as a delivery option for its Key Customer Account Total Service. Approved, February 17, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS 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 Comment Period Ending Date Application NONE SECTION III »• APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date UST Corp., Boston, Massachusetts - 4 (c)(8) de novo notification to engage in making and servicing loans to key officers/anployees to finance the exercise of their stock options granted under U S T ’s current and future incentive stock option plans up to an aggregate ceiling of $1.5 million pursuant to the introductory paragraph of section 225.25(b)(1) of Regulation Y Federal Register SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER O R NEWSPAPER NOTICE Application NONE ♦Subject to CRA 3-10-89 Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ____________ Notice Only__________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nohbanking Applications (Subject to Federal Register Notice Only) Ccnpagnie Financiere de Suez and Banque Indosuez, both of Paris, France to engage through their subsidiaries, Daniel Breen & Co. L.P. and Breen Trust Company, both of Houston, Texas, in investment advisory and trust activities. N/A J.P. Morgan & Co. Inc., New York, New York to engage through its subsidiary, Morgan Securities Corp., in placing, as issuer's agent, all types of securities. N/A SECTION IV Applications Not Involving ________ Public Comment________ Citicorp, New York, New York, make an indirect investment in Albor Empreendimentos e Participacoes Limitada, Sao Paulo, Brazil. 1/ 2/ 3/ Subject to provisions of Ccaranunity Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date The Bank of Mid-Jersey, Bordentown Township, 1/ NJ to acquire the deposit liabilities and other fixed assets of a branch of the Howard Savings Bank, Livingston, NJ located at 90 Flock Road, Hamilton Township, Mercer County, NJ. 3/11/89 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Orrstown Financial Services, Inc., Orrstown, PA to acquire 18.39% of voting shares of Farmers National Bank of Newville, Newville, PA pursuant to Section 3(a)(3) of the Bank Holding Company Act. Newsp ap er: Federal Register: 3/25/89 N/A* * SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Citizens and Northern Corporation, Ralston, PA to acquire from its bank subsidiary Bucktail Life Insurance Company, Phoenix, Arizona pursuant to Section 4(c)(8) of the Bank Holding Company Act. N/A* 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. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Fe d e r a l Re s e r v e Baxk of Cleveland P O. BOX 0387 CLEVELAND,OHIO A-4IOI SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING Received application on February 21, 1989 from The Fifth Third Bank, Columbus, Ohio, for permission to establish a branch at 2336 Stringtown Road, Grove City, Ohio. * March 13, 1989 Received application on February 23, 1989 from the Citizens-State Bank, Strasburg, Ohio, for permission to establish a branch at County Road 80 at North Wooster Avenue, Dover, Ohio * Not Yet Known # SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3(a)(1) application on February 23, 1989 from Peoples Bancshares of Gambier Incorporated, Gambier, Ohio, to acquire The Peoples Bank, Gambier, Ohio. * # N F - * N - March 27, 1989 Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period Fed e r a l Re s e r v e OF Bank CLEVEluVND R. O. B O X 0307 C L E V E L A N D . O H I O - 4AI OI SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c)(8) Notification on February 22, 1989, from Banc One Corporation Columbus, Ohio, to engage in making, acquiring, and servicing loans or other extensions of credit pursuant to Section 225.25(b)(1) of Regualtion Y through a wholly-owned subsidiary, Banc One Mezzanine Capital Corporation, Milwaukee, Wisconsin. Not Yet Known # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Central Fidelity Bank, Richmond, Virginia, request for permission to establish a branch at 12745 Jefferson Avenue, Newport News, Virginia.* 3-25-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Franklin Bancorporation, Inc., Washington, D. C . , for prior approval to become a bank holding company through the acquisition of First Interstate Bank of Washington, D.C., N.A., Washington, D. C.* Comment Period Ending Date 3-3-89 BTNC Corp , Greensboro, North Carolina, for prior approval to become a bank holding company through the acquisition of Bankers Trust of North Carolina, Greensboro, North Carolina.* 3-16-89 Carolina First BancShares, Inc., Lincolnton, North Carolina, for prior approval to become a bank holding company through the acquisition of Lincoln Bank of North Carolina, Lincolnton, North Carolina.* 3-17-89 New East Bancorp, Raleigh, North Carolina, for prior approval to become a bank holding company through the acquisition of New East Bank of Goldsboro, Goldsboro, North Carolina, a de novo bank.* 3-20-89 -'Application is subject to CRA. Federal Reserve Bank of Richmond Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date NCNB Corporation, Charlotte, North Carolina, for prior approval to engage de novo in underwriting and dealing in bank-eligible securities; underwriting and dealing in the following bank-ineligible securities under certain restrictions: municipal revenue bonds, 1-4 family mortgage-related securities, commercial paper, and consumer-receivable-related securities; and certain incidental activities such as investment advice, hedging, and private placement activities through its subsidiary, NCNB Capital Markets, Inc., Charlotte, North Carolina. NCNB Corporation, Charlotte, North Carolnia, for prior approval to engage de novo in underwriting insurance, including home mortgage redemption insurance, that is directly related to extensions of credit by subsidiaries of NCNB Corporation and its subsidiaries and which is limited to ensuring the repayment of the outstanding balances due on such extensions of credit in the event of death, disability, or involuntary unemployment of the debtor, through its subsidiary, Superior Life Insurance Company, Charlotte, North Carolina. Section IV * Applications Not Subject to Federal Register Notice or Newspaper Notice Application None February 27, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newsi-aper o^ly Application Comment Period Ending Date Sovran Bank/Central South 03-14-89 (CRA) Nashville, Tennessee To establish a branch at the Nissan Motor Manufacturing Corporation, USA Nissan Drive, Smyrna, Tennessee, to be known as the Nissan Banking Center. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date F. B. H. Corp. Fayette, Alabama 1-BRC formation, The Citizens Bank of Fayette, Fayette, Alabama. First National Bancshares, Inc. 03-13-89 Hollywood, Florida Federal Register 1-BHC formation, First National Bark of Hollywood, Hollywood, Florida. First Santa. Rosa Eanc Shares, Inc. Milton, Florida 1-BHC formation, First National Bank of Santa Rosa County, Milton, Florida. CB&T Bancshares, Inc. 02-22-89 Columbus, Georgia Federal Register To merge with International City Bancorp, Inc., Warner Robins, Georgia, and thereby acquire its banking subsidiary, International City Bank, Warner Robins, Georgia. Fayette County Bancshares, Inc. Peachtree City, Georgia 1-BHC formation, Fayette County Bank, Peachtree City, Georgia (in organization). Merchants & Farmers Bancshares, Inc. Leesville, Iouisiana Change in control by Deloy C. Ross to retain 3.54 percent of the outstanding shares that increased his total ownership to 19.04 percent (after-the-fact). February 27, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section IV Applications Not Subject To Federal Register Notice or Newspaper Application Ccmnsnt Period Ending Date North Florida Bank Corporation Madison, Florida To redeem 49,840 shares (33.7 percent) of its Class A stock. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application EFT Marine Bank of Bloomington-Normal Bloomington, Illinois 100 N. Diamond-Star Parkway Normal, Illinois* N - 3-9-89 Branch First Source Bank South Bend, Indiana 6909 Grape Road Mishawaka, Indiana* N - 3-14-89 Branch First Source Bank South Bend, Indiana Branch Relocation from US 20 & County Line Road to 848 W. Michigan New Carlisle, Indiana* N - 3-14-89 Membership First Bank of Stockton/Warren N - ** Stockton, Illinois To become a member of the Federal Reserve System* Merger First Bank of Stockton/Warren Stockton, Illinois First National Bank of Freeport Freeport, Illinois Mount Carroll National Bank Mount Carroll, Illinois* N - ** Merger First Bank/Dixon Dixon, Illinois Lincolnway State Bank Sterling, Illinois The Polo National Bank Polo, Illinois* N - ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Type Application Y-2 Princeton Agency, Inc. Princeton, Iowa LeClaire Agency, Inc. LeClaire, Iowa LeClaire State Bank LeClaire, Iowa* Comment Period Ending Date FR - 1-6-89 N - 2-11-89 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Type Application Comment Period Ending Date Y-2 Illini Community Bancorp, Inc. Springfield, 11linois N PR - 2-3-89 - 2-26-89 }*xrst S ecuriry Bank Mackinaw, Illinois* Y-l West Michigan Financial Corporation Hudsonville, Michigan Bank of Hudsonville Hudsonville, Michigan* FR - 2-22-89 N - 2-24-89 Y-2 Western Iowa Consultants, Inc. Council Bluffs, Iowa Peoples State Bank Missouri Valley, Iowa* FR - ** N - 2-28-89 Y-l Community Illinois Corporation Rock Falls, Illinois Community State Bank of Rock Falls Rock Falls, Illinois* FR - 3-10-89 N - 3-13-89 Y-l Hastings Financial Corporation Hastings, Michigan National Bank of Hastings Hastings, Michigan* FR - ** - 2-20-89 N Y-l Lawrence L. Osborn Scholarship Trust Veedersburg, Indiana The Veedersburg State Bank Veedersburg, Indiana* FR - ** N - ** Y-l Deerfield Financial Corporation Madison, Wisconsin Bank of Deerfield Deerfield, Wisconsin FR - ** N - 3-11-89 Section III - Applications Subject to Federal Register Notice Only Type Application 4(c)(8) First State Bancorp, Inc. Harwood Heights, Illinois Making, acquiring or servicing loans or other extensions of credit Comment Period Ending Date FR - ** Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application None NP FR * ** _ Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER None. SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______Newspaper Notice Only_______ Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Peoples Bankshares, Inc. Parshall, ND To acquire Peoples Bank and Trust Parshall, ND* Not yet available JDOB, Inc. Naples, FL To acquire the First State Bank New Germany, MN Not yet available Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application First Bank System, Inc. Minneapolis, MN To engage de novo in making and servicing loans for its own account. Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. *Subject to CRA Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SDBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD B a n k of Leigh, Leigh, N e b r a s k a , for p r i o r a p p r o v a l of m e m b e r s h i p in the F e d e r a l R e s e r v e System. ENDING DATE No t A v a i l a b l e SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION C O M M E N T P E R I O D E N D I N G DATE Union Colony Bancorp, Greeley, C o l o r a d o , for pr i o r a p p r o v a l to a c q u i r e a nd m e r g e w i t h N o r t h e r n B a n k & Trust, Ft. Co l l i n s , Colorado.* Not Available MidAmerican Corporation, Shawnee M i s s i o n , K a n sas, for p r i o r a p p r o v a l t o a c q u i r e and m e r g e w i t h M e r c h a n t s B a n c o r p o r a t i o n , T o p eka, Kan s a s , p a r e n t of M e r c h a n t s N a t i o n a l Bank, T o p e k a , K a nsas, and The F i r s t N a t i o n a l Bank of L a w r e n c e , Lawrence, Kansas.* Not Available L o r r a i n e L. P o s t l e s , C o l o r a d o S p r i n g s , C o l o r a d o , for p r i o r a p p r o v a l to i n c r e a s e her p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in P o s t B a n c o r p , Inc., C o l o r a d o S p r i n g s , C o l o r a d o , b y 16.7 p e r c e n t t o 36.9 per c e n t . Not Available N o r C e n t r a l B a n c s h a r e s , Inc., P o r t i s , K a n s a s , for pr i o r a p p r o v a l t o b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of T h e F i r s t S t a t e Bank, P o r tis, K a n s a s . * No t A v a i l a b l e First McKinley Corporation, Denver, C o l o r a d o , for p r i o r a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h th e a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of F i r s t N a t i o n a l Ba n k in E v a n s t o n , Evanston, Wyoming.* No t A v a i l a b l e Federal Reserve Bank of Kansas City P h i l i p J. L u n s f o r d , St. Simons Island, G e o r g i a , for approval to r e t a i n his p r o p o r t i o n a t e o w n e r s h i p inter e s t in H e r i t a g e B a n c o r p Co., Clev e l a n d , O k l a h o m a , of 26.87 percent; a n d T o m R. Lunsford, Clev e l a n d , O k l a h o m a , for approval to r e t a i n h i s p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t of 26.17 percent. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE H e r i t a g e B a n c o r p Co., Cleveland, O klahoma, for p r i o r approval to e n g a g e de n o v o in making, a c q u i r i n g , a n d / o r servi c i n g loans for i t s e l f or for others made by a m o r t g a g e c o m p a n y , consumer finance company, a n d c o m m e r c i a l finance company, a n d to e n g a g e de novo in i n s u r a n c e a g e n c y a c t i v i t i e s in a town of le s s t h a n 5,000 persons. No t A v a i l a b l e SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION A n d e r s o n B a n c s h a r e s , Inc., Neosho, M i s s o u r i , for p r i o r approval to r edeem 30 s h a r e s of its own vot i n g c ommon stock. ♦Application is s u b ject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 20, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Harvey Bancorporation, Inc., Dallas, TX to acquire Preston Forum National Bank of Dallas, Dallas, TX 89/03/20 Change in Control Notice by Vernon P. Hearn, Houston, TX to acquire an interest in Houston City Bancshares, Inc., Houston, TX Change in Control Notice by Sam K. Kendrick Testamentary Trust, Dallas, TX to acquire an interest in Parker County Bancshares, Inc., Weatherford, TX N/A 89/02/17 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 2/24/89 Section I - Applications Subject to Newspaper Notice Only A d d ! ication Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Phillip Rocco, Santa Ana, California, to increase his ownership from 12.18 percent to 26 percent of California City Bancorp, Orange, California. Newspaper: 3/03/89 Fed. Rea.: Not available First Bancorp, Inc., Ketchikan, Alaska, to acquire First Bank, Ketchikan, Alaska. * Newspaper: Not available Fed. Rea.: 3/09/89 Moore Financial Group, Incorporated, Boise, Idaho, to acquire a newly chartered national bank, located in Boise, Idaho, (title to be established at a later date). * Newspaper: 3/11/89 Fed. Rea.: 3/16/89 Section III - Applications Subject to Federal Reaister Notice Only The Sumitomo Bank, Limited, Osaka, Japan, to engage in unlisted interest rate/currency swap activities. Fed. Reg.: 3/27/89 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER