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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1983 No. 6)
Actions of the Board; Applications and Reports
Received During the Week Ending February 5, 1983
APPLICABLE
RESERVE BANK

ACTIONS OF THE BOARD
Statement by Chairman Paul A. Volcker before the
House Banking Committee t o discuss some recent
i n t e r n a t i o n a l economic and f i n a n c i a l problems
and measures t o deal w i t h them.
Proposals regarding bankers' acceptances i n
connection w i t h the recently enacted Bank Export
Services A c t ; the Board asked f o r comment on i t s
proposals by March 18, 1983. (Docket No. R-0453)
Regulation D, I n e l i g i b l e Bankers' Acceptances; proposed rulemaking; comments must be received by
March 18, 1983. (Docket No. R-0451)
Temporary suspension of the Regulation Q penalty
normally imposed upon the e a r l y withdrawal of
time deposit funds f o r depositors i n the Missouri
counties and c i t i e s a f f e c t e d by severe storms,
tornadoes, and f l o o d i n g ; e f f e c t i v e December 10,
1982. (Docket No. R-0454)

Kansas C i t y

AmBank Financial Corporation, Denver, Colorado,
extension of time t o May 17, 1983, w i t h i n which
t o consummate the a c q u i s i t i o n of Orchard Valley
Bank, Englewood, Colorado, and Viejo Bank, L i t t l e t o n , Colorado. Xj

Chicago

COLUMBUS CORPORATION, Columbus, Indiana, extension
of time t o A p r i l 12, 1983, 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
100 percent of the voting shares o f the successsor
by merger t o Columbus Bank and Trust Company,
Columbus, Indiana. 1/

T7
~~

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1983 No. 6

- 2 ACTIONS OF THE BOARD - Continued

Chicago

Continental I l l i n o i s Corporation, Chicago, I l l i n o i s ,
extension of time t o make an a d d i t i o n a l investment
i n Continental I l l i n o i s Overseas Finance Corporation
N.V., Curacao, Netherlands A n t i l l e s . ] /

Chicago

CS BANCORP, Huntington, Indiana, extension of time
t o May I B , 1983, 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 100
percent of the v o t i n g shares of the successor by
merger t o Community State Bank i n Huntington,
Huntington, Indiana. J J

Chicago

Du Page Bancshares, I n c . , Glen E l l y n , I l l i n o i s , extension of time t o June 28, 1983, 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 100 percent of the v o t i n g shares of the successor
by merger t o Du Page Bank & Trust Company, Glen E l l y n ,
I l l i n o i s . 1/

Cleveland

F i r s t I n t e r c i t y Banc Corporation, Cleveland, Ohio,
extension of time t o A p r i l 30, 1983, w i t h i n which t o
acquire F i r s t Bank National Association, Cleveland,
Ohio. ]_/

St. Louis

F i r s t Missouri Banks, I n c . , Manchester, Missouri,
a d d i t i o n a l extension of time u n t i l May 8, 1983,
w i t h i n which t o acquire and open F i r s t Missouri Bank,
N.A., St. Louis County, Missouri, a proposed new
bank. ]_/

Philadelphia

Hanover Bancorp, I n c . , Hanover, Pennsylvania, extension
of time of 90 days from February 5, 1983, w i t h i n which
t o consummate the formation of t h e bank holding company by acquiring 100 percent of the v o t i n g shares of
Bank of Hanover and Trust Company, Hanover, Pennsylvania. V

San
Franci sco

Northern Sierra Financial Corporation, Yreka, C a l i f o r n i a , extension of time t o May 1, 1983, w i t h i n
which t o become a bank holding company through
a c q u i s i t i o n of Scott Valley Bank, Yreka, C a l i f o r n i a , j y

TJ

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1983 No. 6

- 3 ACTIONS OF THE BOARD - Continued

Chicago

Sherman Banc Shares, I n c . , Sherman, I l l i n o i s , extension
of time t o May 1, 1983, 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 100
percent of the voting shares of the successor by
merger t o Sherman Community Bank, Sherman, I l l i n o i s . ]_/

Chicago

South Sangamon Banc Shares, I n c . , Divernon, I l l i n o i s ,
extension of time t o May 10, 1983, 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 100 percent of the voting shares of the successor
by merger t o Community Bank of Divernon, Divernon,
Illinois.

Chicago

Stonington Banc Shares, I n c . , Stonington, I l l i n o i s ,
extension of time t o May 7, 1983, 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 100 percent of the v o t i n g shares of the successor
by merger t o Stonington Community Bank, Stonington,
Illinois. J/

Dallas

United Bancorp, I n c . , V i c t o r i a , Texas, extension of
time u n t i l May 1, 1983, w i t h i n which t o consummate
the a c q u i s i t i o n of Unitedbank-Victoria, V i c t o r i a ,
Texas. ]_/

San
Francisco

Wells Fargo & Company, San Francisco, C a l i f o r n i a , extension of time t o February 21, 1984, w i t h i n which
t o make a d d i t i o n a l investments i n Wells Fargo
Financing Corporation and Wells Fargo I n t e r n a t i o n a l
Financing Corporation, N.V., Netherlands A n t i l l e s
Corporation. V

Dallas

Wilson Bancshares, I n c . . W i l s o n , Texas, extension of
time t o March 16, 1983, w i t h i n which t o consummate
the a c q u i s i t i o n of Wilson State Bank, Wilson, Texas. ]_/

Chicago

C i ti z e n s Commercial & Savings Bank, F l i n t , Michigan,
t o invest i n bank premises. J_/

New York

Morgan Guaranty I n t e r n a t i o n a l Finance Corporation,
New York, New York, a one-year extension of time
t o invest i n the c a p i t a l stock of Banco Morgan
Finansa, Santiago, Chile. J /

Chicago

State Bank of Freeport, Freeport, I l l i n o i s , t o invest
i n bank premises. 1/

T7

A p p l i c a t i o n processed on behalf of the Board of Governos under
delegated a u t h o r i t y .




H.2, 1983 No. 6

- 4 ACTIONS OF THE BOARD - Continued

Atlanta

American Bank, Bowman, Georgia, proposed merger
w i t h American In te ri m Bank, Bowman, Georgia;
report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . JJ

Atlanta

Bank of Oak Ridge, Oak Ridge, Tennessee, proposed
merger w i t h In te ri m Bank of Oak Ridge, Oak Ridge,
Tennessee; report t o the Federal Deposit
Insurance Corporation on competitive f a c t o r s . \ J

Atlanta

Barnett Bank of Nassau County, Fernandina Beach,
F l o r i d a , proposed merger w i t h Barnett Bank of
Fernandina Beach, Fernandina Beach, F l o r i d a ;
report t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . 1/

Atlanta

Citizens Bank of Hahira, Hahi r a , Georgia, proposed
merger w i t h ECB, I n c . , Hahira, Georgia; report
t o the Federal Deposit Insurance Corporation on
competitive f a c t o r s . \J

Atlanta

Citizens Bank & Trust Company, Plaquemine, Louisiana,
proposed merger w i t h Citizens Bank o f I b e r v i l l e
Parish, Plaquemine, Louisiana; report t o the Federal
Deposit Insurance Corporation on competitive f a c t o r s . ]_/

Chicago

Colonial Bank of Rockford, Rockford, I l l i n o i s , a p p l i c a t i o n f o r p r i o r approval t o merge w i t h Colonial
Interim Bank of Rockford, Rockford, I l l i n o i s , under
the charter and t i t l e of Colonial Bank of Rockford;
report t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . 1/

Atlanta

Del eon Springs Bank, Del eon Springs, F l o r i d a , proposed
merger w i t h Vista Bank, Del eon Springs, F l o r i d a ;
report t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . ]_/

Atlanta

F i r s t Bank of Man*anna, Marianna, F l o r i d a , proposed
merger w i t h Interim Bank of Marianna, Marianna,
F l o r i d a ; report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . ]_/

jy
~~

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1983 No. 6

- 5 ACTIONS OF THE BOARD - Continued

Philadelphia

F i r s t Jersey National Bank/South, Medford Lakes, New
Jersey, proposal t o merge w i t h the New F i r s t Jersey
National Bank/South, Manahawkin, New Jersey, w i t h
the t i t l e of the former and under the charter of
the l a t t e r ; report t o t h e Comptroller of the
Currency on competitive f a c t o r s , j /

Atlanta

F i r s t National Bank of Dickson, Dickson, Tennessee,
proposed merger w i t h F i r s t National Dickson Interim
Bank, Dickson, Tennessee; report t o the Comptroller
of the Currency on competitive f a c t o r s . J /

S t . Louis

F i r s t National Bank of Eastern Arkansas, Forrest C i t y ,
Arkansas, proposed merger w i t h Rice Growers Bank,
Wheatley, Arkansas; report t o t h e Comptroller of
the Currency on competitive f a c t o r s . J /

S t . Louis

F i r s t State Bank of G r e e n v i l l e , G r e e n v i l l e , Kentucky,
proposed merger w i t h New F i r s t State Bank of Greenv i l l e , Kentucky; report t o the Federal Deposit
Insurance Corporation on competitive f a c t o r s . ]_/

Chicago

F i r s t National Bank of Monroe, Monroe, Michigan,
a p p l i c a t i o n f o r p r i o r approval t o merge w i t h The
Bank of Monroe, Monroe, Michigan, under the charter
and t i t l e of Security Bank of Monroe; report
t o the Comptroller of the Currency on competitive
factors, y

Atlanta

Florida National Bank of Belle Glade, Belle Glade,
F l o r i d a , proposed merger w i t h nine o f f i c e s of
Florida National Bank of Palm Beach County, West
Palm Beach, F l o r i d a ; report t o the Comptroller of
the Currency on competitive f a c t o r s . J_/

Atlanta

Merchants & Planters Bank, Montevallo, Alabama, proposed merger w i t h M & P Bank, Montevallo, Alabama;
report t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . 1 /

Atlanta

North Port Bank, North Port, F l o r i d a , proposed merger
w i t h New North Port Bank, North P o r t , F l o r i d a ;
report t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . 1/

T7

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1983 No. 6

- 6 ACTIONS OF THE BOARD - Continued

Atlanta

Peoples Bank and Trust Company of Pointe Coupee
Parish, New Roads, Louisiana, proposed merger
w i t h Pointe Coupee Parish Bank, New Roads,
Louisiana; report t o the Federal Deposit
Insurance Corporation on competitive f a c t o r s . _!/

Philadelphia

Snyder County Trust Company, Selinsgrove, Pennsylvania,
proposed merger w i t h Selinsgrove I n t e r i m Bank,
Selinsgrove, Pennsylvania, under the charter of
the l a t t e r and w i t h the t i t l e of t h e former; report
t o the Federal Deposit Insurance Corporation on
competitive f a c t o r s . 1J

Atlanta

South Mississippi Bank, P r e n t i s s , M i s s i s s i p p i , proposed merger w i t h I n t e r i n South Mississippi Bank,
P r e n t i s s , M i s s i s s i p p i ; report t o the Federal
Deposit Insurance Corporation on competitive f a c t o r s . ]_/

Atlanta

S t . James Bank & Trust Company, Lutcher, Louisiana,
proposed merger w i t h SJB Bank, Lutcher, Louisiana;
report t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . ]_/

Chicago

Terre Haute Second National Bank, Terre Haute, Indiana,
a p p l i c a t i o n f o r p r i o r approval t o merge w i t h Terre
Haute F i r s t National Bank, Terre Haute, Indiana,
under the c h a r t e r of Terre Haute Second National Bank
and t i t l e of Terre Haute F i r s t National Bank; report
t r a n s m i t t e d t o the Comptroller of the Currency on
competitive f a c t o r s . 1/

New York

Union Center National I n t e r i m Bank, Union, New Jersey,
proposal t o merge w i t h The Union Center National
Bank, Union, New Jersey; report t o the Comptroller
of the Currency on competitive f a c t o r s . V

New York

Valley Bank, National A s s o c i a t i o n , Passaic, New Jersey,
proposal t o merge w i t h Valley National Bank, Passaic,
New Jersey; report t o the Comptroller of the Currency
on competitive f a c t o r s . 1/

]/

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1983 No. 6

- 7 ACTIONS OF THE BOARD - Continued

To Become a Member of the Federal Reserve System
Pursuant t o Section 9 of the Federal Reserve Act
San
Francisco

Approved
F i r s t American Bank, Rosemead, C a l i f o r n i a . ]_/

*

*

*

*

*

To Establish a Domestic Branch Pursuant
t o Section 9 of the Federal Reserve Act
Approved
United Jersey Bank, Hackensack, New Jersey. To
share 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 Commerce
Center O f f i c e of United Jersey Bank/Southwest,
Haddonfield Road & Chapel Avenue, Cherry H i l l ,
New Jersey. 1/

New York

United Jersey Bank, Hackensack, New Jersey. To
share 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 Plainsboro
O f f i c e of F i r s t National Bank of Princeton, 656
Plainsboro Rd., Plainsboro, New Jersey. J_/

New York

*

*

*

*

*

Issued Intent Not t o Disapprove Change of Control
Pursuant t o Change i n Bank Control Act of 1978
Not Disapproved
Mechanicsville Bancshares, I n c . , Mechanicsville, Iowa. J /

Chicago
Kansas

T7

City

Valley Bancorp., I n c . , Hopkins, Missouri. ]_/

A p p l i c c t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, l 9 8 3 N o . 6

-8 ACTIONS OF THE BOARD - Continued

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)(13)
of the Bank Holding Company Act of 1956, as amended
Approved
Shanghai Commercial Bank L t d , Hong Kong: approved
a p p l i c a t i o n on behalf of i t s branch i n New York,
New York, t o enter i n t o an agreement with the
Federal Reserve System t o receive only such
deposits as would be permissible under Section
5(a) of the I n t e r n a t i o n a l Bank Act. (1/31/83) 1/

San
Francisco

Sixty-Day N o t i f i c a t i o n Period Allowed t o Expire
Citibank Overseas Investment Corporation, Wilmington,
Delaware: no o b j e c t i o n t o make an a d d i t i o n a l
investment i n i t s wholly-owned s u b s i d i a r y , C i t i c o r p
Location (France) S . A . , P a r i s , France.

New York

New York

Citibank Overseas Investment Corporation, Wilmington,
Delaware: no o b j e c t i o n t o make, d i r e c t l y or
i n d i r e c t l y , an a d d i t i o n a l investment i n Diners
Club I n t e r n a t i o n a l (Hong Kong) L t d . , Hong Kong.

San
Francisco

Security P a c i f i c Overseas Corp., Los Angeles, C a l i f o r n i a
no o b j e c t i o n t o make an a d d i t i o n a l i n d i r e c t investment
i n the Bank of Canton L i m i t e d , Macau.
* * * * *

To Form a Bank Holding Company Pursuant t o Section
3(a)(1) of the Bank Holding Company Act of 1956
Philadelphia

Cleveland

Tj

Approved
ACNB Corporation, Gettysburg, Pennsylvania, f o r
approval t o acquire 100 percent of the voting
shares of Adams County National Bank, Gettysburg,
Pennsylvania. ] /
F i r s t Bancshares, I n c . , Bellevue, Ohio, f o r approval
t o acquire 100 percent of the voting shares of The
F i r s t National Bank of Bellevue, Bellevue, Ohio. 1/

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1983 No. 6

- 9 ACTIONS OF THE BOARD - Continued

Richmond

The Planters Corporation, Rocky Mount, North Carolina,
f o r approval t o acquire 100 percent of the voting
shares of successor by merger t o The Planters
National Bank and Trust Company, Rocky Mount,
North Carolina. 1/

Richmond

RHNB Corporation, Rock H i l l , South Carolina, f o r
approval t o acquire up t o 99.08 percent of the
v o t i n g shares of Rock H i l l National Bank, Rock
H i l l , South Carolina. ]_/

Atlanta

F i r s t Acadian Bancshares, I n c . , Thibodaux, Louisiana,
f o r approval t o acquire 92.5 percent of the voting
shares of Acadian Bank, Thibodaux, Louisiana. V

Atlanta

Straz Investment Co., I n c . , St. Petersburg Beach,
F l o r i d a , f o r approval t o acquire at least 93.24 percent of the voting shares of F i r s t Bank and Trust
Company, B e l l e a i r B l u f f s , F l o r i d a . ]_/

Chicago

F.A.B. Bancorp, I n c . , Aurora, I l l i n o i s , f o r approval
t o acquire 100 percent (less d i r e c t o r s ' q u a l i f y i n g
shares) of the v o t i n g shares-of the successor by
merger t o F i r s t American Bank of Aurora, Aurora,
I l l i n o i s . ]_/

Chicago

Port Bancshares, I n c . , Port Washington, Wisconsin,
f o r approval t o acquire at least 80 percent of
the v o t i n g shares of The Port Washington State
Bank, Port Washington, Wisconsin. V

Chicago

Starr Ban Company, Lamoni, Iowa, f o r approval t o
merge w i t h Lamoni Bancshares, I n c . , Lamoni, Iowa,
and thereby i n d i r e c t l y acquire 100 percent of the
voting shares of the successor by merger t o State
Bank of Lamoni, Lamoni, Iowa. 1/

St. Louis

Cass Commercial Corporation, St. Louis, Missouri, f o r
approval t o acquire 100 percent of the voting shares
of the successor by merger t o Cass Bank and Trust
Company, St. Louis, Missouri. 1/

St. Louis

GAB Bancorp, Jasper, Indiana, f o r approval t o acquire
100 percent of the voting shares of the successor
by merger t o The German American Bank, Jasper,
Indiana. 1/

V
~~

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1983 No. 6

-10ACTIONS OF THE BOARD - Continued

St. Louis

Lookingglass Banc Corp., A l t e r s , I l l i n o i s , f o r
approval t o acquire 100 percent of the voting
shares of the successor by merger t o Peoples
Bank of Albers, A l b e r s , I l l i n o i s . J_/

Minneapolis

Mahnomen Bancshares, I n c . , Mahnomen, Minnesota,
f o r approval t o acquire 100 percent of the voting
shares of F i r s t National Bank i n Mahnomen,
Mahnomen, Minnesota. Yf

Minneapolis

Ranchers Investment Corporation, Winner, South
Dakota, f o r approval t o acquire at least 90
percent of the voting shares of Ranchers National
Bank of Winner, Winner, South Dakota. V

Minneapolis

Starbuck Bancshares, I n c . , Starbuck, Minnesota, f o r
approval t o acquire at least 82.5 percent of the
v o t i n g shares of The F i r s t National Bank of Starbuck, Starbuck, Minnesota. ]_/

Kansas C i t y

Bassett Investment Co., Bassett, Nebraska, f o r
approval t o acquire at least 83.8 percent of the
v o t i n g shares of Commercial Bank, Bassett, Nebraska. ]_/

Kansas City

Downing Investment Co., I n c . , E l l i s , Kansas, f o r approval
t o acquire 24.9 percent of the voting shares of E l l i s
State Bank, E l l i s , Kansas and 81.5 percent of the
voting shares o f Americus State Bank, Americus, Kansas. ]_/

Kansas City

F i r s t National Utica Company, U t i c a , Nebraska, f o r
approval t o acquire 100 percent (less 50 d i r e c t o r s '
q u a l i f y i n g shares) of the v o t i n g shares of The F i r s t
National Bank of U t i c a , U t i c a , Nebraska. J J

Kansas City

H & L Investments, I n c . , Manhattan, Kansas, f o r approval
t o acquire at least 80 percent of the voting shares of
F i r s t Manhattan Bankshares, I n c . , Manhattan, Kansas
and i n d i r e c t l y F i r s t National Bank of Manhattan,
Manhattan, Kansas. ] /

Kansas City

McKinstry, I n c . , Julesburg, Colorado, f o r approval t o
acquire 91.33 percent of the voting shares of The
F i r s t National Bank o f Julesburg, Julesburg, Colorado. 1/

]_/

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




I

H.2, 1983 No. 6

-

11

-

ACTIONS OF THE BOARD - Continued
Dallas

Giddings
Texas,
voting
Texas.

Citizens State Bancshares, I n c . , Giddings,
f o r approval t o acquire 100 percent of the
shares of The C i ti zens State Bank, Giddings,
]_/

Dallas

Ouachita National Bancshares, I n c . , Monroe, Louisiana,
f o r approval t o acquire TOO percent of the voting
shares of Ouachita National Bank i n Monroe, Monroe,
Louisiana. 1/

Dallas

Security Shares, I n c . , Abilene, Texas, f o r approval
t o acquire at least 80 percent of the voting shares
of Security State Bank, Abilene, Texas. V

San
Francisco

Trans Bankcorp, I n c . , San Francisco, C a l i f o r n i a , f o r
approval t o acquire at l e a s t 97.5 percent of the
voting shares of Trans American National Bank,
Monterey Park, C a l i f o r n i a . 1/
*

*

*

*

*

To Expand a Bank Holding Company Pursuant t o
3(a)(3) of the Bank Holding Company Act of 1956
Chicago

Section

Approved
Alpine Bancorporation, I n c . , Belvidere, I l l i n o i s ,
f o r approval t o acquire at l e a s t 80 percent of
the v o t i n g shares of The Bank of Cherry Valley,
Cherry V a l l e y , I l l i n o i s . 1/

Chicago

PRAIRIELAND BANCORP., INC., Bushnell, I l l i n o i s ,
f o r approval t o a c q u i r e - a t ' l e a s t 80 percent of
the v o t i n g shares of Rosevilie State Bank, Rosev i l l e , I l l i n o i s . 1/

Minneapolis

Hopkins Financial Corporation, M i t c h e l l , South
Dakota, f o r approval t o acquire 97 percent of
the v o t i n g shares of Leola State Bank, Leola,
South Dakota. J /

Dallas

BancTEXAS Group I n c . , D a l l a s , Texas, f o r approval
t o acquire 100 percent of the voting shares of
East Texas Bancshares, I n c . , T y l e r , Texas and
i n d i r e c t l y Heritage National Bank, T y l e r , Texas
and Peoples National Bank of Sulphur Springs,
Sulphur Springs, Texas. 1 /

1/
~~

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1983 No. 6

-

12

-

ACTIONS OF THE BOARD - Continued
Dallas

BancTEXAS Group I n c . , D a l l a s , Texas, f o r approval
t o acquire 100 percent of the voting shares of
Great Southern Bancshares, I n c . , Houston, Texas
and i n d i r e c t l y Great Southern Bank, Houston,
Texas. !_/

Dallas

Broadway Bancshares, I n c . , San Antonio, Texas, f o r
approval t o acquire 100 percent of the voting
shares of Broadway A i r Force National Bank,
Randolph A i r Force Base, Texas, a proposed new
bank. 1/

Dallas

Texas Commerce Bancshares, I n c . , Houston, Texas,
f o r approval t o acquire 100 percent of the voting
shares of Lockwood National Bank of Houston,
Houston, Texas.
*

*

*

*

*

To Expand a Bank Holding Company Pursuant t o Section
3 ( a ) ( 5 ) of the Bank Holding Company Act of 1956
Dallas

Dallas

Approved
Houston Bancshares, I n c . , D a l l a s , Texas, f o r
approval t o acquire 100 percent of the v o t i n g
shares of East Texas Bancshares, I n c . , T y l e r ,
Texas, and i n d i r e c t l y Heritage National Bank,
T y l e r , Texas and Peoples National Bank of Sulphur
Springs, Sulphur Springs, Texas. ]_/
Houston Bancshares, I n c . , D a l l a s , Texas, f o r
approval t o acquire 100 percent of the voting
shares of Great Southern Bancshares, I n c . ,
Houston, Texas and i n d i r e c t l y Great Southern
Bank, Houston, Texas. 1/
*

T7

*

*

*

*

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1983 N0. 6

-13ACTIONS OF THE BOARD - Continued

To Expand a Bank Holding Company Pursuant t o Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
Minneapolis

Approved
Ranchers Investment Corporation, Winner, South
Dakota, f o r approval t o acquire the net assets
of Ranchers National Agency, Winner, South
Dakota, a general insurance agency operating i n
a community w i t h a population not exceeding 5,000. V

Minneapolis

Starbuck Bancshares, I n c . , Starbuck, Minnesota, f o r
approval t o acquire Olson Insurance Agency of Starbuck, Starbuck, Minnesota, a general insurance
agency operating i n a community with a population
not exceeding 5,000. Yf

Kansas City

McKinstry, I n c . , Julesburg, Colorado, f o r approval
t o acquire a l l of the assets of McKinstry-Campbel1
Insurance Agency, Julesburg, Colorado. 1/

New York

J/
~
3I
~~

Permitted
The Chase Manhattan Corporation, New York, New
York, requests permission t o e s t a b l i s h a
de novo o f f i c e t o engage i n the f o l l o w i n g
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 o t h e r s , loans
and other extensions of c r e d i t secured by real
estate i n c l u d i n g , but not l i m i t e d t o , f i r s t and
second mortgage loans secured by mortgages on
one-to-four family residential properties,
s e r v i c i n g loans and other extensions of c r e d i t
f o r any person, t o s e l l mortgage loans i n
the secondary market, and t o o f f e r mortgage
term l i f e insurance, accident and health
insurance and d i s a b i l i t y insurance d i r e c t l y
r e l a t e d t o such lending and s e r v i c i n g a c t i v i t i e s )
at an o f f i c e located i n the area of I n t e r s t a t e 1-287
and New Jersey Route 24 (Madison Avenue), Morristown,
New Jersey, through i t s s u b s i d i a r y , Chase Home
Mortgage Corporation (1/30/83) 3/

A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
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 .




I

H.2, 1983 No. 6

- 14
ACTIONS OF THE BOARD - Continued

Philadelphia

FB&T Corporation, Hanover, Pennsylvania, n o t 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
(making and acquiring loans and other extensions
of c r e d i t secured by real estate mortgages and
deeds of t r u s t and a c t i n g as agent f o r the sale
of c r e d i t l i f e and accident and d i s a b i l i t y
insurance d i r e c t l y r e l a t e d t o i t s extensions
of c r e d i t ) at Center Square, Hanover, Pennsylvania, serving Pennsylvania, through i t s subs i d i a r y , FB&T Mortgage Company (2/1/83) 3/

Cleveland

Pittsburgh National Corporation, P i t t s b u r g h , Pennsylvania, n o t i f i c a t i o n of i n t e n t t o expand the
f o l l o w i n g a c t i v i t i e s (making or acquiring and
s e r v i c i n g f o r i t s own accounts and or the accounts
of o t h e r s , loans and other extensions of c r e d i t )
at 1440 M i l i t a r y West, Benicia, C a l i f o r n i a , serving
Contra Costa County, through i t s s u b s i d i a r y , The
Kissel 1 Company (2/1/83)

Chicago

I r w i n Union Corporation, Columbus, Indiana, n o t 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
( t o engage i n mortgage banking a c t i v i t i e s i n c l u d i n g the d i r e c t extension of r e s i d e n t i a l
mortgage loans t o i n d i v i d u a l s and s e r v i c i n g such
loans f o r i n v e s t o r s ) i n Houston, Corpus C h r i s t i
and San Antonio, a l l i n Texas, the geographic
area t o be served w i l l be the State of Texas,
through i t s directly-owned s u b s i d i a r y , Inland
Mortgage Corporation (1/31/83) 2/

Chicago

NBD Bancorp, I n c . , D e t r o i t , Michigan, n o t 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 (making
or acquiring f o r i t s own account and f o r the
account of o t h e r s , mortgage loans and such other
extensions of c r e d i t , as would be made by a
mortgage company) at 1156 Niagra Avenue, Saginaw,
Michigan, the geographic area t o be served w i l l
be the counties of Saginaw, Midland, Bay and
Tuscola, Michigan, through i t s wholly-owned
s u b s i d i a r y , NBD Mortgage Company (2/5/83) 3/

Chicago

NBD Bancorp, I n c . , D e t r o i t , Michigan, n o t 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 (making
and acquiring of mortgage loans f o r i t s own
account and f o r the account of others and such
other extensions of c r e d i t as would be made by

37

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, 1983 No. 6

-15ACTIONS OF THE BOARD - Continued
a mortgage company) at Broadway Street between
Court Street and Mosher S t r e e t , Mt. Pleasant,
Michigan, the geographic area t o be served
w i l l be the counties of I s a b e l l a , G r a t i o t , and
Clare, Michigan, through i t s wholly-owned subs i d i a r y , NBD Mortgage Company (2/5/83) 3/

San
Francisco

Security P a c i f i c 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 i n t e n t t o 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 o t h e r s , loans and extensions
of c r e d i t , i n c l u d i n g making consumer i n s t a l l m e n t
personal loans, purchasing consumer i n s t a l l m e n t
sales finance c o n t r a c t s , making loans t o small
businesses and other extensions of c r e d i t such as
would be made by a f a c t o r i n g company or a consumer
finance company, and a c t i n g as broker or agent
f o r the sale of c r e d i t l i f e and c r e d i t accident
and health insurance) i n Exton and King of
Prussia, Pennsylvania, serving the State of
Pennsylvania, through i t s s u b s i d i a r i e s , Security
P a c i f i c Finance Corp. and Security P a c i f i c
Consumer Discount Company (1/30/83) _3/

San
Francisco

Security P a c i f i c 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 i n t e n t t o engage i n de novo a c t i v i t i e s
( a c t i n g as investment or f i n a n c i a l adviser t o the
extent of p r o v i d i n g p o r t f o l i o investment advice w i t h
respect t o real property i n t e r e s t s ) at 333 South
Hope S t r e e t , Los Angeles, C a l i f o r n i a and 100 Park
Avenue, New York, New York, serving the United States,
through i t s s u b s i d i a r y , Security P a c i f i c Investment
Real Estate, Inc. (1/30/83) 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 .




- 16 -

H.2, 1983 No. 6

APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
t o Section 9 of the Federal Reserve Act
New York

Central Trust Company, Rochester, New York. To
e s t a b l i s h e l e c t r o n i c f a c i l i t i e s at 27 locations
i n New York State. 2/

Richmond

F i r s t V i r g i n i a Bank—Shenandoah V a l l e y , Woodstock,
V i r g i n i a . To e s t a b l i s h a branch i n the Ward
Plaza Shopping Center, 2200 Valley Avenue,
Winchester, V i r g i n i a . 2/

Chicago

Comerica Bank-Detroit, D e t r o i t , Michigan. To
e s t a b l i s h 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
16235 E. Warren, D e t r o i t , Michigan. 2/
*

*

*

*

*

To Merge Pursuant t o Section 18(c) of the
Federal Deposit Insurance Act
Richmond

Bank of V i r g i n i a , Richmond, V i r g i n i a , t o merge w i t h
The Bank of Vienna, Vienna, V i r g i n i a . 2/
*

*

*

*

*

To Form a Bank Holding Company Pursuant t o Section
3(a)(1) of the Bank Holding Company of 1956
Philadelphia

Commerce Bancorp, I n c . , Evesham Township ( M a r l t o n ) ,
New Jersey, f o r approval t o acquire 100 percent
of the voting shares of Commerce Bank, N.A.,
Evesham Township ( M a r l t o n ) , New Jersey. 2/

Philadelphia

Penns Woods Bancorp, I n c . , Jersey Shore, Pennsylvania,
f o r approval t o acquire 100 percent of the voting
shares of the Jersey Shore State Bank, Jersey Shore,
Pennsylvania. 2/

Philadelphia

Sun Bancorp, I n c . , Selinsgrove, Pennsylvania, f o r
approval t o acquire 100 percent of the voting
shares of the Snyder County Trust Company, Selinsgrove, Pennsylvania. 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, 1983 No. 6

- 17
APPLICATIONS RECEIVED - Continued

Philadelphia

Upper Dauphin Bancorp, I n c . , M i l l e r s b u r g , Pennsylvania, f o r approval t o acquire 100 percent of
the v o t i n g shares of Upper Dauphin National Bank,
M i l l e r s b u r g , Pennsylvania. 2]

Cleveland

F i r s t Guaranty Corporation, M a r t i n , Kentucky, f o r
approval t o acquire 100 percent of the voting
shares of The F i r s t Guaranty Bank, M a r t i n ,
Kentucky. 2/

Cleveland

TBT Bancshares, I n c . , Mt. S t e r l i n g , Kentucky, f o r
approval t o acquire at l e a s t 80 percent of the
v o t i n g shares of Traders Bank and Trust Company,
Mt. S t e r l i n g , Kentucky. 2/

Atlanta

Baton Rouge Bancshares, I n c . , Baton Rouge, Louisiana,
f o r approval t o acquire 100 percent of the voting
shares of Baton Rouge Bank & Trust Company, Baton
Rouge, Louisiana. 2/

Atlanta

Citi-Bancshares, I n c . , Leesburg, F l o r i d a , f o r approval
t o acquire 100 percent of the v o t i n g shares of
C i t i z e n s National Bank of Leesburg, Leesburg,
F l o r i d a . 2/

Atlanta

Merchant Bancshares, I n c . , Kenner, Louisiana, f o r
approval t o acquire at least 80 percent of the
v o t i n g shares of Merchant Trust & Savings Bank,
Kenner, Louisiana. 2/

Atlanta

Tennessee Eastern Bancshares, I n c . , Oak Ridge,
Tennessee, f o r approval t o acquire 100 percent
of the v o t i n g shares of Bank of Oak Ridge, Oak
Ridge, Tennessee. 2/

Kansas C i t y

Craco, I n c . , V i n i t a , Oklahoma, f o r approval t o acquire
at least 80 percent of the v o t i n g shares of The
F i r s t National Bank and Trust Company of V i n i t a ,
V i n i t a , Oklahoma. 2/

Dallas

American Bancshares Holding Corp., Shreveport, Louisiana,
f o r approval t o acquire at least 80 percent of the
v o t i n g shares of American Bank & Trust Company,
Shreveport, Louisiana. 2/

Y/

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 a p p l i c a b l e Reserve Bank may be contacted
as t o the length of the comment p e r i o d .




H.2, 1983 No. 6

- 18 APPLICATIONS RECEIVED - Continued

Dallas

F i r s t Anderson Bancshares, I n c . , Anderson, Texas,
f o r approval t o acquire at least 80 percent of
the voting shares of The F i r s t National Bank
of Anderson, Anderson, Texas. 2J

Dallas

F i r s t Western Bancshares, I n c . , Duncanville, Texas,
f o r approval t o acquire at least 80 percent of
the voting shares of Western Bank, Duncanville,
Texas. 2/

Dallas

Mid-South Bancshares, I n c . , Bossier C i t y , Louisiana,
f o r approval t o acquire at least 99.2 percent of
the voting shares of Bank of the Mid-South
Bossier C i t y , Bossier C i t y , Louisiana. 2/

Dallas

Security Bancshares, Incorporated, Monroe, Louisiana,
f o r approval t o acquire at least 80 percent of the
voting shares of Security Bank, Monroe, Louisiana. 2J

Dallas

Texas East BanCorp, I n c . , J a c k s o n v i l l e , Texas, f o r
approval t o acquire at l e a s t 80 percent of the
voting shares of The F i r s t National Bank of Jacksonv i l l e , J a c k s o n v i l l e , Texas. 2/
*

*

*

*

*

To Expand a Bank Holding Company Pursuant t o Section
3(a)(3) of the Bank Holding Company Act of 1956
Atlanta

F i r s t Atlanta Corporation, A t l a n t a , Georgia, f o r
approval t o acquire 100 percent of the voting
shares of The F i r s t National Bank of C a r t e r s v i l l e ,
C a r t e r s v i l l e , Georgia. 2/

Chicago

Midwest Financial Group, I n c . , Peoria, I l l i n o i s ,
f o r approval t o acquire 67.8 percent or more of
the voting shares of Sangamon Bank and T r u s t ,
S p r i n g f i e l d , I l l i n o i s . 2/

Dallas

F i r s t City Financial Corporation, Albuquerque, New
Mexico, f o r approval t o acquire 100 percent of
the voting shares of Bank of the Southwest, Rio
Rancho, New Mexico. 2/

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, 1983 No. 6

- 19 APPLICATIONS RECEIVED - Continued

Dallas

National Bancshares Corporation of Texas, San
Antonio, Texas, f o r approval t o acquire 100
percent of the voting shares of F i r s t National
Bank of Mission, Mission, Texas. 2]

Dallas

Panhandle Bancshares, I n c . , Panhandle, Texas, f o r
approval t o acquire 81.15 percent of the voting
shares of F i r s t State Bank, T u l i a , Texas. 2/

Dallas

Southwest Bancshares, I n c . , Houston, Texas, f o r
approval t o acquire 100 percent of the voting
shares of Westhollow National Bank, Houston,
Texas. 2/
*

*

*

*

*

To Expand a Bank Holding Company Pursuant t o Section
3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956
Atlanta

Gwinnett Holding Corporation, S n e l l v i l l e , Georgia,
f o r approval t o acquire 100 percent of the
voting shares of Fulton Bancshares, I n c . ,
S n e l l v i l l e , Georgia. 2/
*

*

*

*

*

To Expand a Bank Holding Company Pursuant t o Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
New York

2/
~~




The Chase Manhattan Corporation, New York, New
York, requests permission t o e s t a b l i s h a
de novo o f f i c e engaging i n the f o l l o w i n g
a c t i v i t i e s (making or a c q u i r i n g , f o r i t own
account or f o r the account of o t h e r s , loans
and other extensions of c r e d i t , both secured
and unsecured i n c l u d i n g , but not l i m i t e d t o ,
consumer and business l i n e s of c r e d i t , i n s t a l l ment loans f o r personal, household and business
purposes and mortgage loans secured by real
p r o p e r t y ; s e r v i c i n g loans and other extensions
o f c r e d i t ; and a c t i n g as insurance agent f o r
c r e d i t l i f e insurance and c r e d i t accident

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 a p p l i c a b l e Reserve Bank may be contacted
as t o the length of the comment period.




APPLICATIONS RECEIVED - Continued
and health Insurance d i r e c t l y r e l a t e d t o such
lending and s e r v i c i n g a c t i v i t i e s ) at 1800 West
Loop South, Suite 100, Houston, Texas, through
i t s s u b s i d i a r y , Chase Manhattan Financial
Services, Inc. (2/1/83)
C i t i c o r p , New York, New York, requests permission
t o e s t a b l i s h two de novo o f f i c e s engaging i n
the f o l l o w i n g a c t i v i t i e s (the making or acquiring
of loans and other extensions of c r e d i t , secured
or unsecured, f o r consumer and other purposes;
the sale of c r e d i t - r e l a t e d l i f e and accident
and health or decreasing or l e v e l [ i n the case
of s i n g l e payment loans] term l i f e insurance by
licensed agents or brokers, as r e q u i r e d ; the
sale of consumer oriented f i n a n c i a l management
courses; the s e r v i c i n g , f o r any person, of loans
and other extensions of c r e d i t ; the making,
a c q u i r i n g , and s e r v i c i n g , f o r i t s own account
and f o r the account of o t h e r s , of extensions of
c r e d i t t o i n d i v i d u a l s secured by l i e n s on
r e s i d e n t i a l or n o n - r e s i d e n t i a l real e s t a t e ; and
the sale of mortgage l i f e and mortgage d i s a b i l i t y
insurance d i r e c t l y r e l a t e d t o extensions of
mortgage loans) at 9430 J o l l e y v i l l e Road, Bldg. 2,
A u s t i n , Texas and at the Landmark B u i l d i n g , 2201
North C o l l i n s , A r l i n g t o n , Texas, through i t s subs i d i a r i e s , C i t i c o r p Homeowners, Inc. and C i t i c o r p
Person-to-Person Financial Center, Inc. (Delaware)
(2/4/83)
Union National Corporation, Mt. Lebanon, Pennsylvania,
n o t 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
(underwriting as r e i n s u r e r c r e d i t l i f e and d i s a b i l i t y
insurance which i s d i r e c t l y r e l a t e d t o extensions of
c r e d i t by banking s u b s i d i a r i e s of Applicant) at 670
Washington Road, Mt. Lebanon, Pennsylvania, through
i t s s u b s i d i a r y , Union National L i f e Insurance (2/2/83)
Dominion Bankshares Corporation, Roanoke, V i r g i n i a ,
n o t 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
( o r i g i n a t i n g r e s i d e n t i a l , commercial, i n d u s t r i a l ,
and c o n s t r u c t i o n loans f o r i t s own account and f o r
sale t o o t h e r s , s e r v i c i n g such loans f o r others and
engaging i n the sale of c r e d i t l i f e insurance, c r e d i t
accident and health insurance, c r e d i t d i s a b i l i t y ,
mortgage redemption and mortgage accident and
health insurance i n connection w i t h such mortgage
loans; and t o engage de novo through i t s subsidiary
Dominion Bankshares Services, I n c . , i n acting as i n s u r -




APPLICATIONS RECEIVED - Continued
ance agent or broker w i t h respect t o c r e d i t l i f e
insurance, c r e d i t accident and health insurance,
c r e d i t d i s a b i l i t y , mortgage redemption and mortgage accident and health insurance r e l a t e d t o or
a r i s i n g out of c r e d i t transactions i n v o l v i n g
Dominion Bankshares Mortgage Corporation) i n
Richmond, V i r g i n i a , through i t s s u b s i d i a r y ,
Dominion Bankshares Mortgage Corporation (1/31/83)
American Fletcher Corporation, I n d i a n a p o l i s , Indiana,
n o t 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 (making or acquiring loans or other
extensions of c r e d i t f o r personal, f a m i l y or household purposes, i n c l u d i n g loans secured by home
e q u i t i e s , purchasing customer i n s t a l l m e n t sales
finance contracts and a c t i n g as agent w i t h respect
t o c r e d i t l i f e and d i s a b i l i t y insurance on
borrowing customers and insurance on property
taken as c o l l a t e r a l f o r loans and contracts made
or purchased) at 407 C l i f t y D r i v e , Madison, Indiana,
the geographic area t o be served i s Jefferson
County, Indiana, through i t s s u b s i d i a r y , American
Fletcher Financial Services, Inc.
(1/27/83)
F i r s t City Corp., Fort Smith, Arkansas, n o t 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 (consumer and
commercial finance a c t i v i t i e s , i n c l u d i n g the extension of d i r e c t loans t o consumers, the discounting
of r e t a i l i n s t a l l m e n t notes or c o n t r a c t s , the extension o f d i r e c t loans t o dealers f o r the f i n a n c i n g
of inventory [ f l o o r p l a n n i n g ] and working c a p i t a l
purposes and making or a c q u i r i n g loans and other
extensions of c r e d i t such as could be made or
acquired by a consumer and commercial finance company
i n Arkansas and Oklahoma; and a c t i n g as agent f o r
sale of l i f e , accident and h e a l t h , and physical
damage insurance d i r e c t l y r e l a t e d t o i t s extensions
of c r e d i t ) at Phoenix Street and State Line Road,
Arkoma, Oklahoma, serving the standard metropolitan
s t a t i s t i c a l area made up of 4 c o u n t i e s ; Le Flore and
Sequoyah counties i n Oklahoma, and Crawford and
Sebastian counties i n Arkansas, t h i s geographical
area approximates a 25-mile radius of Arkoma,
Oklahoma, through i t s s u b s i d i a r y , F i r s t City Financial
Services, Inc. (1/26/83)

H.2, IS:,3 No. 6

-

22

APPLICATIONS RECEIVED - Continued
St. Louis

F i r s t Tennessee National Corporation, Memphis, Tennessee,
n o t 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
(making or a c q u i r i n g , f o r i t s own account and f o r the
account of o t h e r s , loans and other extensions of
c r e d i t [ i n c l u d i n g l e t t e r s of c r e d i t and accepting
d r a f t s ] , such as would be made, f o r example, by a
mortgage, finance, c r e d i t card or f a c t o r i n g company)
the a c t i v i t i e s are t o be conducted at A p p l i c a n t ' s
main o f f i c e i n Memphis, Tennessee (1/26/83)

Kansas City

Alpine Bancorp, I n c . , Glenwood Springs, Colorado,
f o r approval t o acquire 100 percent of the voting
shares of Alpine Mortgage Company, Glenwood Springs,
Colorado, and thereby engage i n mortgage banking
activities.

Kansas City

Farmers and Merchants Bancshares, I n c . , Crescent,
Oklahoma, n o t 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 ( t o expand the auto and equipment
Teasing a c t i v i t i e s t o include Oklahoma and Grady,
Counties in Oklahoma) at 116 South Grand, Crescent,
Oklahoma (1/31/83)

:an

Central Banking System, I n c . , Pleasant H i l l , C a l i f o r n i a ,
n o t i t i c a t ion 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 making or acquiring loans and otHer extensions of
c r e d i t such as would be made by a commercial f i n a n c i a l
company, i n c l u d i n g commercial loans secured by a
borrower's i n v e n t o r y , accounts r e c e i v a b l e , or other
assets; o r i g i n a t i n g and s e l l i n g such loans t o o t h e r s ;
s e r v i c i n g such loans f o r o t h e r s ; and making leases
of personal property i n accordance w i t h the Board's
Regulation Y) at 395 Taylor Boulevard, Pleasant H i l l ,
C a l i f o r n i a and 3711 Long Beach Boulevard, Long Beach,
C a l i f o r n i a , serving the Western United States,
i n c l u d i n g the states of Alaska and Hawaii, through
i t s s u b s i d i a r y , Central Banking System Credit Corporation
(1/29/83)

ci SCO

San
Franci sco

Independent Bankshares Corporation, San Rafael, C a l i f o r n i a ,
f o r approval t o acquire 100 percent of the voting shares
of Learnex Corporation, La J o l l a , C a l i f o r n i a .

San
Francisco

Orbanco Financial Services Corporation, Portland,
Oregon, f o r approval t o engage i n s o l i c i t i n g , underw r i t i n g , deal i n purchase and sale of o b l i g a t i o n s of
the United States, various states and p o l i t i c a l subd i v i s i o n s and money market instruments through i t s
d i r e c t s u b s i d i a r y , Orbanco S e c u r i t i e s Corporation
i n the States of Oregon and Washington.




H.2, 1983 N0. 6

-23APPLICATIONS RECEIVED

Continued

San
Francisco

P a c i f i c Western Bancshares, San Jose, C a l i f o r n i a ,
n o t 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 ( p r o v i d i n g bookkeeping o r H a t a processing s e r v i c e s , p r o v i d i n g and maintaining data
and f a c i l i t i e s f o r t h e i n t e r n a l operations of
the holding company and i t s s u b s i d i a r i e s ; s t o r i n g
and processing other banking, f i n a n c i a l , or rel a t e d economic data, such as p a y r o l l , accounts
receivable/payable, t r u s t and f i d u c i a r y accounting,
and b i l l i n g services t o the holding company, i t s
s u b s i d i a r i e s and correspondents and customers of
those s u b s i d i a r i e s , n o n - a f f i l i a t e d banks, t h r i f t s
and others on an i n d i r e c t and d i r e c t contract
b a s i s ; providing other data processing and t r a n s mission s e r v i c e s , f a c i l i t i e s , data bases or access
t o such s e r v i c e s , f a c i l i t i e s or data bases by any
t e c h n o l o g i c a l l y f e a s i b l e means f o r banking,
f i n a n c i a l or economic data; s e l l i n g by-products
of permissable data processing a c t i v i t i e s ; providing
excess capacity on data processing and transmission
f a c i l i t i e s ; providing advice concerning f i n a n c i a l l y
r e l a t e d data processing a c t i v i t i e s t o n o n - a f f i l i a t e d
bank and non-bank depository i n s t i t u t i o n s ; leasing
data processing and data transmission hardware and
software and a c t i n g as agent, broker or advisor i n
o b t a i n i n g or providing equipment w i t h i n permissable
l i m i t s and t o the extent required t o support the
previously mentioned a c t i v i t i e s ) at 1245 South
Winchester Boulevard, San Jose, Santa Clara County,
C a l i f o r n i a , serving c l i e n t s i n C a l i f o r n i a , Arizona,
Hawaii, Nevada, New Mexico, Oregon, Utah and
Washington, through a s u b s i d i a r y , P a c i f i c Western
Information Systems (2/5/83)

San
Francisco

Security P a c i f i c 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 i n t e n t t o engage i n de novo a c t i v i t i e s
(making, a c q u i r i n g , f o r i t s own account or f o r the
account of others, or p a r t i c i p a t i n g i n , commercial
loans and other extensions of c r e d i t , and leases of
personal and real property) at 297 North Marengo
Avenue, Pasadena, C a l i f o r n i a , serving the United
States, through i t s s u b s i d i a r y , SPC Security Services
Corp. (2/3/83)

San
Francisco

Western Commercial, Fresno, C a l i f o r n i a , n o t 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 the
business of leasing personal p r o p e r t y , s p e c i f i c a l l y ,
commercial, i n d u s t r i a l and a g r i c u l t u r a l equipment,
i n accordance w i t h the Board's Regulation Y) at




H.2, 1983 No. 6




- 24 APPLICATIONS RECEIVED - Continued
4995 East Clinton Avenue, Fresno, C a l i f o r n i a
and would be performed i n the Fresno-Clovis
metropolitan area and the four C a l i f o r n i a
counties of Fresno, Madera, Kings and Tulare
through i t s s u b s i d i a r y , Western Commercial
Leasing Company (2/5/83)
*

*

*

*

*

REPORTS RECEIVED
Ownership Statement F i l e d Pursuant t o Section 13(d)
of the S e c u r i t i e s Exchange Act
Union Trust Company of
Wildwood, New Jersey
( F i l e d by Albert S. B a i l i e )
The B r i s t o l Bank
B r i s t o l , New Hampshire
( F i l e d by F i r s t BNH A c q u i s i t i o n Bank
Manchester, New Hampshire)
*

*

*

*

*

Tender Offer Statement F i l e d Pursuant t o Section 14(d)
of the Securities Exchange Act
The B r i s t o l Bank
B r i s t o l , New Hampshire
( F i l e d by F i r s t BNH A c q u i s i t i o n Bank
Manchester, New Hampshire)
*

*

*

*

*

PETITIONS FOR RULEMAKING
None.