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A N N O U N C E M E N T BY B O A R D OF G O V E R N O R S OF T H E F E D E R A L R E S E R V E S Y S T E M A p p l i c a t i o n s and R e p o r t s R e c e i v e d H •2 1973 NOo 5 or A c t e d on D u r i n g the W e e k E n d i n g F e b r u a r y 3, 1973 District 2 5 Date C u r r e n t R e p o r t Filed P u r s u a n t to S e c t i o n 13 of the S e c u r i t i e s E x c h a n g e A c t Received United Counties Trust Company, Elizabeth, New J e r s e y . (December 1 9 7 2 ) T o B e c o m e a M e m b e r of the F e d e r a l R e s e r v e S y s t e m P u r s u a n t to S e c t i o n 9 of the F e d e r a l R e s e r v e Act Received U n i t e d C i t i z e n s B a n k , (newly o r g a n i z e d ) W i n s t o n - S a l e m , North Carolina. 6 Bivens Gardens Bank, Gainesville, Florida, 6 A l a b a m a B a n k of G u i n , G u i n , A l a b a m a . 9 Menominee State Bank, Menominee, Michigan. * * * * * 2 3 T o E s t a b l i s h a D o m e s t i c B r a n c h P u r s u a n t to S e c t i o n 9 of the F e d e r a l R e s e r v e A c t Received Bankers Trust Company, New York, New York. B r a n c h to b e e s t a b l i s h e d at 7 1 - 6 7 Y e l l o w s t o n e Boulevard, Forrest Hills, Queens County. The Fidelity Bank, Rosemont, Pennsylvania. B r a n c h to b e e s t a b l i s h e d on the n o r t h w e s t c o r n e r of B a l t i m o r e P i k e and S p r o u l R o a d , S p r i n g f i e l d Township, Delaware County. 1-31-73 H.2 1973 N o . 5 6 6 Received Continued Dothan Bank and Trust Company, Dothan, Alabama. Branch to b e established at 4201 Ross Clark Circle, N.E„, within the city limits of Dothan. The Bank of New Orleans and Trust Company, New Orleans, Louisiana. Branches to be established at the following locations: A0 Interstate 10 Service Road and Read Road, to be known as The Read Road Branch. B. 4 12 2 Interstate 10 Service Road and Martin Drive, to be known as The Kenilworth Branch. Approved "The Union Commerce Bank, Cleveland, Ohio. Branch to be established at Martin Luther King, Jr. Plaza Shopping Center, W a d e Park and Crawford Road, Cleveland, Cuyahoga County. ^United California Bank, Los Angeles, California. Branch to be established in vicinity of Union Square, City and County of San Francisco. Withdrawn Central Home Trust Company, Elizabeth, N e w Jersey. Branch to be established on the main course, Terminal A, Newark Airport, Elizabeth, Union County. * * * -k * 7 To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Received Bank of Kokomo, Kokomo, (organizing) Indiana for prior approval to merge with Union Bank and Trust Company, Kokomo, Indiana. * Vc Vc iV *Application processed by the Reserve B a n k on behalf of the Board of Governors under delegated authority. H.2 1973 No. 5 - 3 - 3 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received * * I n t e g r i t y Holding Co., Wilmington, Delaware, for prior approval to acquire indirectly 33,965 shares and directly 4,500 shares of The First National Bank of Wilmington, Wilmington, Delaware. 1-23-73 7 **DETROITBANK Corporation, Detroit, Michigan, for prior approval to acquire 100 per cent of the voting shares of The Detroit Bank and Trust Company, Detroit, Michigan. 1-31-73 7 **Schroeder-Goodenow Management Co., Exira, Iowa, for prior approval to acquire 100 per cent (less directors 1 qualifying shares) of the voting shares of Exchange State Bank, Exira, Iowa. 1-29-73 7 **Ubantco Corporation, Kokomo, Indiana, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to Union Bank and Trust Company, Kokomo, Indiana. 2- 1-73 10 On H . 2 No. 43, (1972) the Board reported receipt of an application from Survco Bancorp, Inc., Sugar Creek, Missouri, for prior approval to acquire 94 per cent of the voting shares of Sugar Creek N a t i o n a l Bank, Sugar Creek, Missouri. A n amended application was filed and accepted as of January 31, 1973. 7 Approved **BSB Corporation, Boone, Iowa, for prior approval to acquire 98 per cent or more of the voting shares of Boone State Bank & Trust Company, Boone, Iowa. * * * * * **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-31-73 To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received Financial General Bankshares, Inc., The Morris Plan Corporation, and Virginia Bankshares, Inc., all of Washington, D. C., for prior approval to acquire 17,000 shares of the voting shares of Clarendon Bank & Trust, Arlington, Virginia. Central Bancshares of the South, Inc., Birmingham, Alabama, (formerly Central and State National Corporation of A l a b a m a ) for prior approval to acquire 100 per cent of the voting shares of the sucessor by merger to The Deposit National Bank of Mobile County, Prichard, Alabama. Central Bancshares of the South, Inc., Birmingham, Alabama, (formerly Central and State National Corporation of Alabama) for prior approval to acquire not less than 80 per cent of the voting shares of The First National Bank of Auburn, Auburn, Alabama. Exchange Bancorporation, Inc., Tampa, Florida, for prior approval to acquire 100 per cent of the outstanding voting shares of Edison National Bank in Fort Myers, Fort Myers, Florida. First Florida Bancorporation, Tampa, Florida, for prior approval to acquire 90 per cent or more of the voting shares of United National Bank, Cocoa Beach, Florida. First City Bancorporation of Texas, Inc., Houston, Texas, for prior approval to acquire 18.1 per cent of the voting shares of Central Bank and Trust Company, Farmers Branch, Texas. First City Bancorporation of Texas, Inc., Houston, Texas, for prior approval to acquire 10 per cent of the voting shares of Commercial National Bank of Dallas, Dallas, Texas. Received Continued First City Bancorporation of Texas, Inc., Houston, Texas, for prior approval to acquire 21.3 per cent of the voting shares of First Bank & Trust Company, Cedar Hill, Texas. First City Bancorporation of Texas, Inc., Houston, Texas, for prior approval to acquire 24.2 per cent of the voting shares of First Bank and Trust of Richardson, Richardson, Texas / First City Bancorporation of Texas, Inc., Houston, Texas, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to Texas Bank & Trust Company of Dallas, Dallas, Texas. Approved Indian Head Banks Inc., Nashua, New Hampshire, for prior approval to acquire at least 53.68 per cent of the voting shares of The Lakeport National Bank of Laconia, Laconia, New Hampshire F & M Operating Company, Abilene, Texas, for prior approval to acquire indirectly an additional 3.9 per cent of the voting shares of Bank of Commerce, Abilene, Texas. F & M. Operating Company, Abilene, Texas, for prior approval to acquire directly 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to First National Bank of Abilene, Abilene, Texas. Withdrawn On H.2 No. 26, (1972) the Board reported receipt of an application from First Southwest Bancorporation, Inc., Waco, Texas, for prior approval to acquire 100 per cent (less directors qualifying shares) of the voting shares of the successor by merger to Bellmead State Bank, Waco, Texas. In a letter dated January 23, 1973 Applicant requested that the application be withdrawn. H. 2 1973 No. 5 - 6 - Withdrawn C o m i que a On H.2 No. 26, (1972) the Board reported receipt of an application from First Southwest Bancorporn tion, Inc., Waco, 7 r;::as, for prior approval to acquire 100 per cent (less directors f qualifying shares) of the voting shares of the successor by merger to East Texas Bank & Trust Company, Longview, Texas. In a letter dated January 23, 1973, Applicant requested that the application be withdrawn. ]1 11 On H.2 No. 26, (1972) the Board reported receipt of an application from First Southwest Bancorporation, Inc., Waco, Texas, for prior approval to acquire 100 per cent (less directors T qualifying shares) of the voting shares of the sucessor by merger to The Kilgore National Bank, Kilgore, Texas. In a letter dated January 23, 1973, Applicant requested that the application be withdrawn. 11 On H.2 No. 26, (1972) the Board reported receipt of an application from First Southwest Bancorporation, Inc., Waco, Texas, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to Sabine National Bank, Port Arthur, Texas. In a letter dated January 23, 1973, Applicant requested that the application be withdrawn. * * * * * 1 To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received **First. National Boston Corporation, Boston, Massachusetts, notification of intent to engage in de novo activities (factoring, commercial financing, and leasing personal property) through FNB Financial Company, in New York, New York, **Irccessed by Reserve Bank on behalf of the Board of Governors under delegated authority. 2- 2-73 H.2 19 73 No. 5 - 7 Received Continued **UST Corp., Boston, Massachusetts, notification of intent to engage in a de novo activity (acting as investment or financial adviser) through a subsidiary known as UST Financial Planning Corp., Boston, Massachusetts. 1-31-73 Fidelity Union Bancorporation, Newark, New Jersey» for prior approval to acquire all the shares of outstanding capital stock of Suburban Finance Company of Newark, Newark, New Jersey. Greater Jersey Bancorp., Clifton, New Jersey, for prior approval to acquire 100 per cent of the shares of the successor by merger to New Jersey Mortgage and Title Company, Passaic, New Jersey. First Pennsylvania Corporation, Philadelphia, Pennsylvania, for prior approval to acquire all of the outstanding common stock of Aliquippa Finance Corporation, Aliquippa, Pennsylvania. First Pennsylvania Corporation, Philadelphia, Pennsylvania, for prior approval to acquire all of the outstanding common stock of Beaver Falls Consumer Discount Company, Inc., Beaver Falls, Pennsylvania. First Pennsylvania Corporation, Philadelphia, Pennsylvania, for prior approval to acquire all the issued and outstanding common stock of Ellwood Finance Corporation, Ellwood City, Pennsylvania. First Pennsylvania Corporation, Philadelphia, Pennsylvania, for prior approval to acquire 100 per cent of the common shares of Performance Associates, Inc., Denver, Colorado, **Fidelity Airerican Bankshares Inc., Lynchburg, Virginia, notification of intent to engage in de novo activities (granting and servicing loans secured by mortgages (principally second mortgages) and acting as agent in the sale of such credit life, and credit accident and health insurance, in connection w i t h such loans) through a subsidiary to be known as Columbia Mortgage Company, in Lynchburg, Virginia. -Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 2- 2-73 H.2 1973 No. 5 - 6 6 7 7 8 - Received Continued **Hami1 ton Bancshares, Inc., Chattanooga, Tennessee, notification of intent to engage in de novo activities (making or acquiring, for its own account or for the account of others, loans and other extensions of credit, including issuing letters of credit and accepting drafts, such as would be made by a finance company) through its present subsidiary, Hamilton Loan Services Corporation, in Atlanta, Georgia. **Palmer Bank Corporation, Sarasota, Florida, notification of intent to engage in d e novo activities ((1) making or acquiring, for its own account or for the account of others, loans and other extensions of credit such as would be made by a mortgage company; (2) servicing loans and other extensions of credit for any person; (3) acting as financial advisor in the (i) preparation and sale of data regarding area economic trends; (ii) preparation and dissemination of real estate industry studies; (iii) collection and dissemination of real estate market data) in St. Petersburg, Tampa, and Orlando, Florida, through its present subsidiary, Coastal Mortgage Company. 1-29-73 Merchants National Corporation, Indianapolis, Indiana, for prior approval to acquire 100 per cent of the shares of Circle Leasing Corp., Indianapolis, Indiana. **Michigan National Corporation, Bloomfield Hills, 1-31-73 Michigan, notification of intent to engage in de novo activities ((1) leasing personal property and equipment or acting as agent, broker, or adviser in leasing of such property, w h e r e at the inception of the initial lease the expectation is that the effect of the transaction and reasonably anticipated future transactions w i t h the same lessee as to the same property w i l l be to compensate the lessor for not less than l e s s o r T s full investment in the property; and (2) financing personal property and equipment by making or acquiring for its own account or for the account of others, loans and other extension of credit (including accepting drafts) such as would be m a d e by a finance c o m p a n y ) through a subsidiary known as Michigan National Leasing Corp., Detroit and Grand Rapids, Michigan. -''Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-30-73 H.2 1973 No. 5 - 9 - 7 Received Continued **SJV Corporation, Elkhart, Indiana, notification of intent to engage in a de novo activity (acting as insurance agent or broker with respect to real and personal property and casualty insurance for the holding company and its subsidiaries; any such property and casualty insurance directly related to an extension of credit or to the provision of other financial services by its banking subsidiary; insurance otherwise sold as a convenience to the purchaser, so long as the premium therefrom does not constitute a significant portion of the aggregate insurance premium income of the holding company from its sales of credit related insurance or insurance sold in relation to the provision of other financial services by the bank or bank-related firm as outlined above) through a subsidiary known as SJV Insurance, Inc., in Elkhart and Goshen, Indiana. 1-29-73 7 **SJV Corporation, Elkhart, Indiana, notification of intent to engage in a d e novo activity (providing bookkeeping or data processing services for the internal operations of the holding company and its subsidiaries and storing and processing other banking, financial, or related economic data, including performing payroll, accounts receivable, accounts payable, general ledger bookkeeping, billing, and related services) through a subsidiary known as SJV Data Service, Inc., Elkhart and Goshen, Indiana. 1-29-73 7 **Security Bancorp, Inc., Southgate, Michigan, notification of intent to engage in de_ novo activities (originating, buying, selling, and servicing, for principals, loans secured by or based on mortgages on real estate, including residential (single or multiple units) commercial developments and industrial facilities; arranging for interim financing of such construction; issuing commercial paper and arranging for other short-term funding; advising real estate investment trusts for long-term financing of real estate investments) through a subsidiary known as Seaway Mortgage Company, Lincoln Park, Michigan. 1-29-73 ^ P r o c e s s e d by Reserve Bank on be ha 11 of the. Board of Governors under delegated authority. H.2 1973 No. 5 - 9 1 0 - Received Continued **First Bank System, Minneapolis , Minnesota, notification of intent to engage in de novo activities ((1) making and acquiring, for its own account or for the account of others, loans and other extensions of credits such as would be made by a finance company; and (2) the sale of credit life insurance, and credit accident and health insurance, sold in connection with the foregoing) through FBS Financial, Inc. of Oklahoma, a proposed new subsidiary of FBS Financial Inc., a wholly-owned subsidiary of First Bank System. Such activity w i l l be conducted from existing offices of FBS Financial Inc., in Oklahoma City, and Tulsa, Oklahoma, 10 **The Berthoud Bancorp, Inc., Berthoud, Colorado, notification of intent to shift a de novo activity (general insurance activity including sale of credit insurance, mortgage insurance, casualty insurance, life insurance, automobile damage and liability insurance) from the subsidiary, The Berthoud National Bank, Berthoud, Colorado, to the Berthoud Bancorp, Inc. 10 On H.2 No. 43, (1972) the Board reported receipt of an application from Survco Bancorp, Inc., Sugar Creek, Missouri, for prior approval to acquire 100 per cent of the voting shares of Survco Company, Sugar Creek, Missouri. An amended application was filed and accepted as of January 31, 1973. 12 Zions Utah Bancorporation, Salt Lake City, Utah, for prior approval to acquire 100 per cent of the shares of Financial Credit Corporation, Idaho Falls, Idaho. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-29-73 12-27-72 H.2 1973 No. 5 - 1 1 Permitted **Northwestern Financial Corporation, North Wilkesboro, North Carolina, to engage in a de novo activity (serving as investment advisor as defined in Section 2(a)(20) of the Investment Company Act of 1940 to an investment company registered under that act; providing portfolio investment advice to any other person; furnishing general economic information and advice and general economic statistical forecasting services and industry studies) in North Wilkesboro, North Carolina, through a subsidiary to be known as Northwestern Investment. Management Company. 2- 1-73 6 **First National Holding Corp., Atlanta, Georgia, to engage in a de novo activity (making or acquiring, for its own account or for the account of others, loans and other extensions of credit) in Atlanta, Georgia. 2- 2-73 10 **Colorado National Bankshares, Inc., Denver, Colorado, to engage in a de novo activity (leasing personal property and equipment and acting as agent, broker, or adviser in such lease transactions) through a subsidiary to be known as Colorado National Leasing Inc., Denver, Colorado. 2- 1-73 12 **U.S. Bancorp, Portland, Oregon, to engage in de novo activities (leasing personal property and equipment, and acting as agent, broker, or adviser in the leasing of such property and incidental activities thereto) through its subsidiary, U.S. Datacorp, Portland, Oregon. 1-28-73 6 Suspended On H.2 No. 46, (1972) the Board reported receipt of an application from Deposit Guaranty Corp., Jackson, Mississippi, for prior approval to acquire all of the voting shares of Bridges Loan & Investment Company, Inc., Jackson, Mississippi. This application is now in suspense awaiting receipt of Applicant *s reply to a Department of Justice letter to the Board dated February 1, 1973« a*p r nccssed by Reserve Panl delegated authority. cn behalf of the Hoard of Governors under H.2 1973 No. 5 - 1 2 - Withdrawn On H.2 N o . 36, (1972) the Board reported receipt of an application from First Pennsylvania Corporation, Philadelphia, Pennsylvania, for prior approval to acquire the notes receivable, furniture, fixtures, and equipment of Community Finance of Montgomery, Inc., Montgomery, Alabama. In a letter dated January 22, 1973, Applicant requested that this application be withdrawn. * 2 7 7 * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Received **Warner Communications Inc., New York, New York, notification of intent to acquire Work-Master, Inc., Atlanta, Georgia, through its wholly-owned subsidiary, National Kinney Corporation, New Y o r k , New York. Permitted ^ B e r k s h i r e Hathaway Inc., New Bedford, Massachusetts, to acquire additional shares of Cleveland-Cliffs Iron Company, Cleveland, Ohio, through its nonbanking subsidiaries. **Lumbermens Mutual Casualty Company, Long Grove, Illinois, to acquire all the outstanding stock of Smith Insurance Agency, Inc., and Harris Insurance A g e n c y , Inc., both of New London, Connecticut, which are engaged to act as insurance agents for all types of insurance, through its subsidiary Kemperco, Inc., Long Grove, Illinois. ^ P r o c e s s e d by Reserve Bank on behalf of the Board of Governors under delegated authority. 2- 1-73 2- 3-73 1-29-73 H.2 1973 No. 5 - 1 3 - 12 Permitted Continued **Unionamerica, Inc., Los Angeles, California, to acquire 100 per cent of the outstanding common stock of Scott Hudgens Realty & Mortgage, Inc., Atlanta, Georgia, an existing mortgage loan and servicing company. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-29-73
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