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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1980 No. 6) Actions of the Board; Applications and Reports APPLICABLE ; RESERVE BANK Received During the Week Ending February 9, 1980 ACTIONS OF THE BOARD Statement by Chairman Paul A. Volcker before the Senate Banking Committee on certain proposals the Committee is considering to ensure the continued capacity of the Federal Reserve System to conduct effective monetary policy in the years ahead. New definitions of money that will henceforth be used in the conduct of monetary policy. Chicago Astoria Investment Company, Astoria, Illinois, extension of time to May 2, 1980, within which to become a bank holding company through the acquisition of 100 per cent of the voting shares of Farmers State Bank of Astoria, Astoria, Illinois. 1/ Cleveland Pittsburgh National Corporation, Pittsburgh, Pennsylvania, extension of time to April 16, 1980, within which The Kissell Company, a subsidiary, may open an office in Hot Springs, Arkansas. 1/ Chicago TAIEN, INC., Edgerton, Wisconsin, extension of time to May 6, 1980, within which to become a bank holding company through the acquisition of 80 per cent or more of the voting shares of First State Bank of Edgerton, Edgerton, Wisconsin. 1/ Chicago Liberty State Bank & Trust, Hamtramck, Michigan, an investment in bank premises. 1/ Atlanta Marion County Banking Company, Hamilton, Alabama, an investment in bank premises. 1/ Atlanta St. Bernard Bank & Trust Company, Arabi, Louisiana, an investment in bank premises. 1/ ±7 Application processed on behalf of the Board of Governors under delegated authority. # H.2, 1980 No. 6 - 2 ACTIONS OF THE BQARD-Contdnued St. Louis Bank of Cairo and Moberly, Cairo, Missouri, a 60-day extension of time to April 2, 1980, to: (1) retain its present main office at 365 West Martin Street, Cairo, Missouri, as a facility (branch), and (2) relocate and construct a new main office at 207 East Rollins, Moberly, Missouri. 1/ Atlanta Commerce Union Bank of Lawrence County, Lawrenceburg, Tennessee, extension of time to April 22, 1980, within, which to construct a branch on Highway 43 in Loretto, Tennessee. 1/ Minneapolis Summit State Bank of Bloomington, Blocmington, Minnesota, an extension of time to establish a branch. Dallas New Gateway National Bank of Beaumont, Beaumont, Texas, proposed merger with Gateway National Bank of Beaumont, Beaumont, Texas? report transmitted to the Comptroller of the Currency on competitive factors. 1/ Dallas Western Bank, Houston, Texas, proposed merger with First Western Bank, Houston, Texas; report transmitted to the Federal Deposit Insurance Corporation on competitive factors. 1/ 17 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 6 - 3 ACTIONS OF THE BQARD-Continued Tb Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Cleveland Atlanta Approved The Andover Bank, Andover, Ohio. Branch to be established on the northeast corner of Marcy Road and State Route 7, Pierpoint, Ashtabula County, Ohio. 1/ & 2/ Trust Company Bank, Atlanta, Georgia. To install a customer bank communications terminal facility in the parking lot of the Toco Hills Shopping Center, located at the southwest corner of North Druid Hills Road and Lavista Road in Dekalb County. 1/ & 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Richmond Approved Bank of Virginia-Wise, St. Paul, Virginia. 1/ & 2/ Richmond Bank of Newport News, Newport News, Virginia. 1/ Kansas City Citizens Bank of Laramie, Laramie, Wyoming. 1/ & 2/ Dallas First State Bank of Cleburne, Cleburne, Texas. 1/ & 2/ * * * * * To Merge Pursuant to Section 18 (c) of the Federal Deposit Insurance Act New York Richmond Approved Barclays Bank of New York, New York, New York, to acquire 31 branch offices of Bankers Trust Company, New York, New York. 1/ & 2/ Bank of Virginia-Wise, St. Paul, Virginia, to merge with The Southwest Bank of Virginia, St. Paul, Virginia. 1/ & 2/ 1/ Application processed on behalf of the Board of Governors under delegated authority. 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. i - 4 - H.2, 1980 No. 6 ACTIONS OF THE BQARD-Qpntinued Richmond Bank of Virginia, Richmond, Virginia, to merge with The Southwest Bank of Virginia, St. Paul, Virginia. 1/ & 2/ * * * * * To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act Richmond Approved North Carolina National Bank, Charlotte, North Carolina: grants consent to establish a new Edge called North Carolina National Bank Overseas Corporation, Charlotte, North Carolina to reduce capital of North Carolina National Bank International Banking Corporation, New York, New York. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a) (1) of the Bank Holding Company Act of 1956 Atlanta Approved Capital Bancshares, Inc., Baton Rouge, Louisiana, for approval to acquire 80-100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to Capital Bank & Trust Company, Baton Rouge, Louisiana. 1/ & 2/ Atlanta First Citizens Bancorp., Cleveland, Tennessee, for approval to acquire 80 per cent or more of the voting shares of First Citizens Bank of Cleveland, Cleveland, Tennessee. 1/ & 2/ Minneapolis Oakley Holding Company, Buffalo, Minnesota, for approval to acquire 94.04 per cent of the voting shares of The Oakley National Bank of Buffalo, Buffalo, Minnesota. 1/ & 2/ 17 Application processed on behalf of the Board of Governors under delegated authority. 2/ Application subject to Community Reinvestment Act. The Ccnrriunity Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1980 No. 6 - 5 ACTIONS OF TOE BQARD-Continued Kansas City First National Hayes Center Corp., Hayes Center, Nebraska, for approval to acquire 281.5 shares of The First National Bank of Hayes Center, Hayes Center, Nebraska. 1 / & £/ Kansas City Howells Investment Company, Hcwells, Nebraska, for approval to acquire 95.25 per cent of the voting shares of Howells Bank, Hcwells, Nebraska. 1/ & 2/ Kansas City Sullivan County Bancshares, Inc., Winigan, Missouri, for approval to acquire 80 per cent or more of the voting shares of The Citizens Bank of Winigan Missouri, Winigan, Missouri. 1/ & 2/ Dallas First Citizens Financial Corporation of Vivian, Inc., Vivian, Louisiana, for approval to acquire 80-100 per cent (less directors' qualifying shares) of the voting shares of Citizens Bank & Trust Company of Vivian, Louisiana, Vivian, Louisiana. 1/ & 2/ Dallas Navigation Bancshares, Inc., Houston, Texas, for approval to acquire 85.62 per cent of the voting shares of Navigation Bank, Houston, Texas. 1/ & 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3 (a) (3) of the Bank Holding Company Act of 1956 New York Richmond Approved Horizon Bancorp, Morris tcwn, New Jersey, for approval to acquire 100 per cent of the voting shares of the successor by merger to The Marine National Bank of Wildwood, Wildwood, New Jersey. 1/ & 2/ Bank of Virginia Company, Richmond, Virginia, for approval to acquire 100 per cent of the voting shares of the successor by merger to The Southwest Bank of Virginia, St. Paul, Virginia. 1/ & 2/ 1/ Application processed on behalf of the Board of Governors under delegated authority. 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1980 No. 6 - 6 - ACTIONS OF THE BOARD-Continued Chicago Sheldon Security Banoorporatdon, Inc., Sheldon, Iowa, for approval to retain 3.71 per cent of the voting shares of Security State Bank, Sheldon, Iowa. 1/ & 2/ Kansas City J. R. Montgomery Bancorporation, Lawbon, Oklahoma, for approval to acquire an additional 49.9 per cent of the voting shares of The City National Bank and Trust Company of Lawton, Lawbon, Oklahoma. 3/ & 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a) (5) of the Bank Holding Company Act of 1956 Chicago Approved Western Michigan Corporation, Niles, Michigan, for approval to merge with Pacesetter Financial Corporation, Grand Rapids, Michigan. 1/ & 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c) (8) of the Bank Holding Company Act of 1956 New York Withdrawn Barclays Bank Limited and Barclays Bank International Limited# both of London, England, notification of intent to engage in de novo activities (making direct consumer loans and purchasing of sales finance contracts representing extensions of credit such as would be made or acquired by a consumer finance company, and wholesale financing (floor planning) ? and acting as agent for the sale of related credit life, credit accident and health and credit property insurance) at 2427 South College, Suite 3, Unit B, Fort Collins, Colorado and 1005 North 12th Street, Grand Junction, Colorado, through their subsidiary, BarclaysAmericanCorporation (1/16/80) 3/ 17 Application processed on behalf of the Board of Governors under delegated authority. 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. 3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 6 - 7 ACTIONS CF THE BOARD-Continued Kansas City Atlanta First Union Corporation, Stillwater, Oklahoma, 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), secured by liens on real property including the servicing thereof, in the same manner as made and serviced by mortgage companies) at 808 South Main, Stillwater, Oklahoma, through a subsidiary, Consolidated Venture Capital, Inc. (2/6/80) 3/ Approved Pan American Bancshares, Inc., proval to acquire, through a Bancshares Properties, Inc., Beach, Tampa and Orange Park Corporation, Miami, Florida. Miami, Florida, for apwholly earned subsidiary, the Orlando, West Palm offices of Atico Mortgage 1/ Minneapolis First State Agency of Lake Lillian, Inc., Lake Lillian, Minnesota, for approval to continue to sell insurance as a general insurance agent in the town of Lake Lillian, Minnesota, a community with a population not exceeding 5,000. 1/ Kansas City Affiliated Bankshares of Colorado, Inc., Boulder, Colorado, for approval to engage de novo in underwriting, as reinsurer, life and disability insurance written in connection with credit extensions by Applicant's banking subsidiaries through a subsidiary to be known as First Colorado Bankshares Insurance Company, Phoenix, Arizona. 1/ New York Delayed Chemical New York Corporation, New York, New York, notification of intent to engage in de novo activities (making or acquiring, for its own account loans and other extensions of credit and servicing loans and other extensions of credit including, but not limited to, making or acquiring loans to consumers; acquiring installment contracts from retail sellers covering the time sales of goods and related services; making or acquiring, loans and other extensions of credit to businesses (including inventory financing); making or acquiring extensions of credit secured by personal property lease contracts; making available to its V Application processed on behalf of the Board of Governors under delegated authority. 3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. % ACTIONS OF THE BQBJRD-Continued t New York Philadelphia debtors credit life, credit accident and health, mortgage life, mortgage disability, and property and casualty insurance, all directly related to extensions of credit; credit life and credit accident and health insurance provided by this office in connection with the proposed activities will be reinsured through Sun States Life and/or Great Lakes Insurance Companies, indirect subsidiaries of the J^plicant) at 410 Ware Boulevard, Tampa, Florida, through its subsidiary, SunAmerica Corporation (2/6/80) 3/ Manufacturers Hanover Corporation, New York, New York, notification of intent to engage in ds novo activities (purchasing installment sales finance contracts, and to sell credit life insurance, accident and health insurance, and property damage and liability insurance directly related to such finance activities) at Cornell Drive and Maple Avenue, Bridgeton; Route 202, Flemington; 29 West White Horse Pike, Berlin; 2620 Federal Street, Camden; 214 Bellevue Avenue, Hanmontan; Route 130 and Willow Drive, Cinnaminson; 13 Commerce Walk, Lambertville; 1638 Kings Highway, Store #4, Cherry Hill; 430 Bridgeton Pike, Mantua; 285 S. Church Street, Moorestcwn; Williamstown and Sicklerville Road, Sicklerville; Black Horse Pk • and Doughty Road, Pleasantville; 38 West Landis Avenue, Vineland; Virgnia Avenue and Marsden Avenue, Penns Grove; Route 130 Willingboro; and 19 Scott Street, Riverside; all in New Jersey, through its subsidiary, Ritter Finance Company, Inc. of New Jersey (2/5/80) 3/ Reactivated First Pennsylvania Corporation, Philadelphia, Pennsylvania, notification of intent to relocate the Columbus, Ohio office of Investors Mortgage Company and Investors Loan Corporation to Reynoldsburg, Ohio and add the sale of credit accident and health insurance to the activities of Investors Mortgage Company's second mortgage lending business in Cincinnati, Circleville, Reynoldsburg, Dayton, Find lay, Fostoria, Lancaster, Lima, Washington Courthouse, and Steubenville (2/5/80) 3/ 3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. ACTIONS OF THE BQAKD-Continued New York " Permitted Citicorp, New York, New York, notification of intent to engage in de novo activities (making or acquiring, loans and other extensions of credit, secured or unsecured, for consumer and other purposes; purchasing and servicing for its own account sales finance contracts; the extensions of loans to dealers for the financing of inventory (floor planning) and working capital purposes; acting as agent for the sale of credit property and casualty insurance and for the sale of credit life and credit accident and health insurance directly related to extensions of credit) at 3724 Lorna Road, Birmingham, Alabama, through its subsidiary, Citicorp Person-to-Person Financial Center, Inc. (2/9/80) 3/ New York Fidelity Union Bancorporation, Newark, New Jersey, notification of intent to engage in de novo activities (to engage in making consumer loans; and selling life and disability insurance and fire and theft insurance directly related to its extensions of credit) at Colonial Shopping Center, Routes 11 and 15, Shamhkin Dam, Snyder County, Pennsylvania, through its subsidiary, Sentry Consumer Discount Company (2/1/80) 3/ Philadelphia First Pennsylvania Corporation, Philadelphia, Pennsylvania, notification of intent to relocate the Coluntous, Ohio office of Investors Mortgage Company and Investors Loan Corporation to Reynoldsburg, Ohio and add the sale of credit accident and health insurance to the activities of Investors Mortgage Company's second mortgage lending business in Cincinnati, Circleville, Reynoldsburg, Dayton, Findlay, Fostoria, Lancaster, Lima, Washington Courtshouse, and Steubenville (2/6/80) 3/ Atlanta Southwest Florida Banks, Inc., Fort Myers, Florida, notification of intent to engage in de novo activities (to engage in the activity of selling credit life and credit accident and health insurance directly related to extensions of credit made by subsidiary banks of the holding company) in Port Charlotte, Madeira Beach and Palmetto, Florida, through a subsidiary, Southwest Financial Services, Inc. (2/8/80) 3/ 37 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 6 — 10 — ACTIONS OF THE BQAKDH3ontinued Chicago Heritage Wisconsin Corporation, Wawatpsa, Wisconsin, notification of intent to engage in de novo activities (to continue to engage in the sale of bomecwners insurance) at 2323 N. Mayfair Road, Wawatosa, Wisconsin, through its subsidiary, Heritage Insurance Agency, Inc. (1/30/80) 3/ St. Louis Citizens Fidelity Corporation, Louisville, Kentucky, notification of intent to engage in de novo activities (to engage in the leasing of personal property and equipment and to act as agent, broker, or adviser in the leasing of such property in a manner such that the leasing would serve as a functional equivalent of an extension of credit) at 2814 South Hamilton Road, Colurrtous, Ohio, through its subsidiary, Citizens Fidelity Leasing Corporation, Louisville, Kentucky (2/6/80) 3/ Kansas City Security Corporation, Duncan, Oklahoma, notification of intent to engage in de novo activities (the making or acquiring, for its a m account or far the account of others, loans and other extensions of credit) at 9th and Willow, Duncan, Oklahoma (2/6/80) 3/ San Francisco Utah Bancorporation, Salt Lake City, Utah, notification df intent to engage in de novo activities (to engage in lending and loan servicing activities) in Salt Lake City, Utah, Centerville, Utah and Boise, Idaho, through its direct subsidiary, Valley Mortgage Corporation (2/9/80) 3/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4 (c) (12) of the Bank Holding Company Act of 1956 Kansas City 37 Permitted Baldwin-United Corporation, Cincinnati, Ohio, notification of intent to acquire, through its wholly-owned subsidiary, B-U Investment, Inc., approximately 10 per cent of the stock of Continental Rax, Inc., an Ohio Corporation whose principal offices are located at 1070 Morse Road, Columbus, Ohio (2/7/80) 3/ 4(c)(8) or 4 (c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 6 - 11 - APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Richmond United Virginia Bank, Richmond, Virginia. Branch to be established on U.S. Route 501, 2 miles north of its intersection with State Route 129/716, Centerville, Halifax County, Virginia. 2/ * * * * * To Become a Matter of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act San Francisco Jefferson State Bank, Medford, Oregon. * * * * * To Establish a Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act San Francisco United California Bank International, New York, New York: requests consent to establish branches in Miami, Chicago and Houston. * * * * * To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act New York Skandinaviska Enskilda Banken, Stockholm, Sweden: requests consent to establish an Edge Act Corporation in New York, New York, to be named Skandinaviska Enskilda Banken International Corporation. 27 Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1980 No. 6 - 1 2 - APPLICATICNS BECEIVEDH^jntinued Tt> Form a Bank Holding Company Pursuant to Section 3 (a) (1) of the Bank Holding Company Act of 1956 Atlanta County Bancshares, Inc., Troy, Alabama, for approval to acquire 90 per cent of the voting shares of Pike County Bank, Troy, Alabama. 2/ Chicago First Woodstock Corp., Woodstock, Illinois, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of First National Bank of Woodstock, Woodstock, Illinois. 2/ Chicago FSB Holding Co., Kalona, Iowa, for approval to acquire 82.6 per cent of the voting shares of Farmers Savings Bank, Kalona, Icwa. 2/ Chicago Madison Holding Co., Winterset, Icwa, for approval to acquire 82.4 per cent of the voting shares of Union State Bank, Winterset, Icwa. 2/ Chicago MPSBancorp, Inc., Mount Prospect, Illinois, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of Mount Prospect State Bank, Mount Prospect, Illinois. 2/ Chicago M. W. Reed Banco, Inc., Icwa Falls, Icwa, for approval to acquire thru Stege Insurance Agency, Inc., Fonda, Icwa, 84 per cent or more of the voting shares of The First National Bank of Fonda, Fonda, Icwa. 2/ Chicago Northwood Financial Services Corporation, Northwood, Icwa, for approval to acquire 80 per cent or more of the voting shares of Northwood State Bank, Northwood, Icwa. 2/ Chicago Whitley Financial Corp., Auburn, Indiana, for approval to acquire 95.03 per cent of the voting shares of Citizens National Bank of Whitley County, Columbia City, Indiana. 2/ Minneapolis Onega City Holding Company, La Moure, North Dakota, for approval to acquire 95.5 per cent of the voting shares of The First State Bank of La Moure, La Moure, North Dakota. 2/ 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. -13- H.2, 1980 No. 6 APPLICATIONS RECEIVED-Cdntlnued Dallas Iowa Park Bancshares, Inc., Iowa Park, Texas, for approval to acquire 100 per cent of the voting shares of The State National Bank of lava Park, Iowa Park, Texas. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a) (3) of the Bank Holding Company Act of 1956 Chicago Fidelity Financial Corporation of Michigan, Birmingham, Michigan, for approval to acquire 100 per cent of the voting shares of Fidelity Bank of Bingham Farms, Bingham Farms, Michigan, a proposed new bank. 2/ Chicago Fidelity Financial Corporation of Michigan, Birmingham, Michigan, for approval to acquire 100 per cent of the voting shares of Fidelity Bank of Troy, Troy, Michigan, a proposed new bank. 2/ Chicago First American Bank Corporation, Kalamazoo, Michigan, for approval to acquire 100 per cent of the voting shares of the successor by consolidation to The Wayne Oakland Bank, Royal Oak, Michigan. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4 (c) (8) of the Bank Holding Company Act of 1956 New York Bankers Trust New York Corporation, New York, New York, notification of intent to engage in de novo activities (performing or carrying on any one or more of the functions or activities that may be performed or carried on by a trust company (including activities of a fiduciary, investment advisory, agency or custodian nature) in the manner authorized by Federal or State law) at 250 Royal Palm Way, Palm Beach, Florida, through its subsidiary, Bankers Trust Company of Florida (2/4/80) 3/ ~TJ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. 3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 6 -14APPLICATIONS KEEEIVE2>Gontinued New York Chemical New York Corporation, New York, New York, notification of intent to engage in de novo activities (to include making loans exceeding"TlO, 000; the credit life, credit accident and health and credit related property and casualty insurance previously approved for these offices will also be offered in connection with the larger loans) at 3511 Clayton Road, Concord; 2121 South El Camino Real, San Mateo; 1202 Concannon Boulevard, Livermore; 3700 Delta Fair Boulevard, Anticch; and 820 East El Camino Real, Mountain View, all in California, through its subsidiary, Sunamerica Financial Corporation (2/4/80) 3/ New York Chemical New York Corporation, New York, New York, notification of intent to relocate de novo activities (making direct loans, purchasing installment sales finance contracts; and acting as agent or broker for the sale of life, accident and health, and property and casualty insurance directly related to such extensions of credit) frcm 225 Green Street, Fayetteville, North Carolina to 105 South McPhersen Church Road, Fayetteville, North Carolina, through its subsidiary, Sunamerica Financial Corporation (2/4/80) 3/ New York Manufacturers Hanover Corporation, New York, New York, 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 and acquiring accounts receivable, all such as would be made or acquired by a commercial finance and factoring company; and arranging or servicing such loans, extensions of credit and accounts for any person) at 1509 Main Street, Dallas, Texas, through its subsidiary, Manufacturers Hanover Commercial Corporation (Del.) (2/4/80) 3/ Philadelphia First Pennsylvania Corporation, Philadelphia, Pennsylvania, notification of intent to engage in de novo activities (to continue to engage in the business of serving as the advisory company to First Pennsylvania Mortgage Trust) at One Cherry Hill Plaza, Suite 400, Cherry Hill, New Jersey, to retain its ownership of the shares of Associated Advisers, Inc. (1/31/80) 3/ 3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 6 - 15 APPLICATIONS KECEIVED-Continued Atlanta Feliciana Commerce Corporation, St. Francisville, Louisiana, notification of intent to engage in de novo activities (in the making, acquiring, and servicing of loans and other extensions of credit; to act as agent or broker for the sale of life, accident, health, property and casualty insurance directly related to the extensions of credit by itself or its subsidiary bank; to acquire and hold real or movable property, either directly itself or through its bank subsidiary, which shall be used by the subsidiary in the operation of its business; and to lease this property to the subsidiary, and/or the subsidiary's customers) these activities would be conducted frcm an office in St. Francisville, Louisiana (2/8/80) 3/ Chicago M. W. Reed Banco, Inc., lava Falls, lava, for approval to acquire thru Stege Insurance Agency, Inc., Fonda, Iowa, Stege Insurance Agency, Inc., Fonda, lava. Kansas City First Oklahoma Bancorporation, Inc., Oklahoma City, Oklahoma, notification of intent to engage in de novo activities (the making and acquiring of direct cormercial loans for its avn account) this activity is to be conducted principally frcm the main office of First Oklahoma Bancorporation, Inc., in Oklahoma City, Oklahoma (2/7/80) 3/ Dallas First City Bancorporation of Texas, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares of First City Insurance Agency, Inc., Houston, Texas. San Francisco BankAmerica Corporation, San Francisco, California, notificaticn of intent to engage in de novo activities (to engage in making residential mortgage loans) at 8755 Wadsworth Boulevard, Arvada, Colorado; 306-E South Ironton Street, Aurora, Colorado; 3063 Walnut Street, Suite M, Boulder, Colorado; 3846 Maize land Road, Colorado Springs, Colorado; 5198 South Broadway, Englewood, Colorado; 2020 South College Avenue, Darnings Plaza, Building B, Fort Collins, Colorado; 145 Grand Avenue, Grand Junction, Colorado; 457-A Wadsworth Boulevard, Post Office Box 26900, Lakewood, Colorado and 9191-A North Washington Street, Thornton, Colorado, through its direct subsidiary, BA Mortgage and International Realty Corporation (2/5/80) 3/ 37 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1980 No. 6 -16APPLICATICNS BECEIVED-Continued San Francisco Imperial Bancorp, Inglewood, California, notification of intent to engage in de novo activities (to engage in personal property broker, commercial credit and finance company activities) at 1603 116th Avenue N.E., Bellevue, Washington and 1145 4th Avenue, San Diego, California, through its subsidiary, Imperial Credit Corporation (2/6/80) V San Francisco Wells Fargo & Company, San Francisco, California, notification of intent to engage in de novo activities (to engage in lending and loan servicing) at 10950 Grandview, Overland Park, Kansas, through its subsidiary, Wells Fargo Business Credit (2/8/80) 3/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c) (12) of the Bank Holding Company Act of 1956 New York Warner Communications Inc., New York, New York, notification of intent to acquire up to 100 per cent of DeKalb Cablevision Corporation (2/8/80) 3/ * * * * * REPORTS RECEIVED None. * * * * * PETITIONS FOR BUI5MAKING None. 37 4 (c) (8) or 4 (c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.
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