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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1983 No. 1)
Actions of t h e Board; A p p l i c a t i o n s and Reports
Received During t h e Week Ending January 1, 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
The Federal Reserve Board has approved a program
t o a c c e l e r a t e t h e c o l l e c t i o n of checks by t h e
Federal Reserve System.
R e g u l a t i o n s D and Q, number of t e c h n i c a l r e v i s i o n s
c o n c e r n i n g r e s e r v e s of d e p o s i t o r y i n s t i t u t i o n s
(D) and i n t e r e s t on d e p o s i t s (Q) t o conform t h e
r e g u l a t i o n s t o r u l e s adopted by t h e Depository
I n s t i t u t i o n s D e r e g u l a t i o n Committee. (Docket
No. R-0444)
R e g u l a t i o n D, a d o p t i o n of amendment in f i n a l form
d e f i n i n g as t r a n s a c t i o n a c c o u n t s time d e p o s i t s
i s s u e d in c o n n e c t i o n with an agreement p e r m i t t i n g
t h e d e p o s i t o r t o o b t a i n c r e d i t by check or
s i m i l a r d e v i c e s f o r t h e purpose of making payments
or t r a n s f e r s t o t h i r d p a r t i e s .
(Docket No. R-0424)
R e g u l a t i o n L* amendment c l a r i f y i n g t h e c i r c u m s t a n c e s
under which c e r t a i n i n t e r l o c k s among d e p o s i t o r y
i n s t i t u t i o n s may be c o n t i n u e d u n t i l 1988.
Revised f e e s c h e d u l e f o r book e n t r y s e c u r i t i e s
s e r v i c e s {computer r e c o r d i n g of government
s e c u r i t i e s and r e l a t e d w i r e t r a n s f e r s ) ; comment
r e q u e s t e d by February 13, 1983.
Form FR 2900, r e v i s e d forms t o c o l l e c t i n f o r m a t i o n
on Super NOW and Money Market Deposit Accounts.
New York
I s s u a n c e of a s u b o r d i n a t e d c a p i t a l n o t e by I r v i n g
Trust Company, New York, New York. J_/
Minneapolis
Prepayment of o u t s t a n d i n g n o t e s by t h e Montana
Bank of B i l l i n g s , B i l l i n g s , Montana. 1_/
1J
A p p l i c a t i o n s p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
H.2, 1983 No. 1
2 -
ACTIONS OF THE BOARD - Continued
Chicago
Prepayment of a c a p i t a l n o t e by t h e F i r s t Trust
& Savings Bank of Kankakee, Kankakee, I l l i n o i s . _!/
Atlanta
Great American Bank of Tampa, Tampa, F l o r i d a , an
investment in bank p r e m i s e s . J /
Atlanta
C i t i z e n s and Southern T r u s t , Savannah, Georgia,
e x t e n s i o n of time t o February 20, 1983, w i t h i n
which t o d i s p o s e of s h a r e s of F i r s t National Bank
of Wauchula, F l o r i d a . J /
S t . Louis
Dale Bancorp, I n c . , Dale, I n d i a n a , e x t e n s i o n of
time t o April 5, 1983, w i t h i n which t o become a
bank h o l d i n g company through t h e a c q u i s i t i o n of
t h e s u c c e s s o r by merger t o The Dale S t a t e Bank,
D a l e , I n d i a n a . J_/
Atlanta
F i r s t B a n k s h a r e s , I n c . , Marianna, F l o r i d a , e x t e n s i o n
of time t o April 6, 1983, w i t h i n which t o become
a bank h o l d i n g company through t h e a c q u i s i t i o n of
t h e F i r s t Bank of Marianna, Marianna, F l o r i d a . ]_/
S t . Louis
Landmark Bancshares C o r p o r a t i o n , C l a y t o n , M i s s o u r i ,
e x t e n s i o n of time t o February 3, 1983, w i t h i n
which t o a c q u i r e Landmark Bank of S t . Louis,
National A s s o c i a t i o n , S t . L o u i s , M i s s o u r i , a
proposed de novo bank. V
Kansas City
Pioneer B a n c o r p o r a t i o n , I n c . , Denver, Colorado,
e x t e n s i o n of t i m e t o March 22, 1983, w i t h i n which
t o a c q u i r e C i t y Center National Bank, Aurora,
Colorado. J_/
Atlanta
Quality Financial Services Corporation, Alexandria,
Tennessee, e x t e n s i o n of t i m e t o March 28, 1983,
w i t h i n which t o become a bank h o l d i n g company
through a c q u i s i t i o n of DeKalb County Bank and
Trust Company, A l e x a n d r i a , Tennessee. J_/
Kansas City
R i f l e Bank Agency, I n c . , R i f l e , Colorado, e x t e n s i o n
of time t o March 22, 1983, w i t h i n which t o a c q u i r e
F i r s t National Bank in P a r a c h u t e , P a r a c h u t e ,
Colorado. 1/
]_/
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
#*.2, 1983 No. 1
- 3 ACTIONS OF THE BOARD - Continued
S t . Louis
Southwest I l l i n o i s B a n c s h a r e s , I n c . , C o u l t e r v i l l e ,
I l l i n o i s , e x t e n s i o n of t i m e t o Apri1 18, 1983,
w i t h i n which t o become a bank h o l d i n g company
t h r o u g h t h e a c q u i s i t i o n of t h e s u c c e s s o r by
merger t o The F i r s t National Bank of Cou'.terv i l l e , Coulterville, I l l i n o i s . J7
Boston
S t a t e S t r e e t Boston C o r p o r a t i o n , Boston, M a s s a c h u s e t t s ,
e x t e n s i o n of time t o April 10, 1983, w i t h i n which
t o a c q u i r e through a purchased stock o p t i o n 16.6
p e r c e n t of t h e v o t i n g s h a r e s of Worcester Bancorp,
I n c . , W o r c e s t e r , M a s s a c h u s e t t s . \J
Atlanta
United American of Northwest F l o r i d a , I n c . , P e n s a c o l a ,
F l o r i d a , e x t e n s i o n of time t o April 5, 1983,
w i t h i n which t o become a bank h o l d i n g company
through a c q u i s i t i o n of F i r s t S t a t e Bank of
P e n s a c o l a , P e n s a c o l a , F l o r i d a . \J
Boston
Vermont F i n a n c i a l S e r v i c e s C o r p . , B r a t t l e b o r o , Vermont, e x t e n s i o n of time t o February 5, 1983,
w i t h i n which t o become a bank h o l d i n g company
t h r o u g h t h e a c q u i s i t i o n of Vermont National Bank,
B r a t t l e b o r o , Vermont. ]_/
Richmond
Bank of Romney, Romney, West V i r g i n i a , an investment
in bank p r e m i s e s . J J
Atlana
Lawrence County Bank, Lawrenceburg, T e n n e s s e e , an
in v es tm en t in bank p r e m i s e s . V
New York
Morgan Guaranty I n t e r n a t i o n a l Finance C o r p o r a t i o n ,
New York, New York, e x t e n s i o n of time t o
January 26, 1984, w i t h i n which t o complete i t s
a d d i t i o n a l investment in s h a r e s and s u b o r d i n a t e d
debt of Saudi I n t e r n a t i o n a l Bank, London, England. 1/
Dal l a s
RepublicBank - T y l e r , T y l e r , Texas, an investment
in bank p r e m i s e s . \ j
Chicago
Warren Bank, Warren, Michigan, an investment in bank
p r e m i s e s . ]_/
S t . Louis
Cass Bank & T r u s t Company, S t . L o u i s , M i s s o u r i , p r o posal t o merge with Tenth and Olive Bank, S t .
L o u i s , M i s s o u r i ; r e p o r t t o t h e Federal Deposit
I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/
T7
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated a u t h o r i t y .
H 2 , 1983 No. 1
- 4 ACTIONS OF THE BOARD - Continued
Atlanta
El l i s National Bank of P i n e l l a s County, S t .
P e t e r s b u r g , F l o r i d a , proposed merger with
El l i s F i r s t Park Bank, P i n e l l a s P a r k , F l o r i d a ;
r e p o r t t o t h e Comptroller of t h e Currency on
competitive f a c t o r s . 1/
S t . Louis
F i r s t American National Bank, North L i t t l e Rock,
A r k a n s a s , proposal t o p u r c h a s e and assume
Arkansas Federal Savings and Loan A s s o c i a t i o n ,
North L i t t l e Rock, A r k a n s a s ; r e p o r t t o t h e
C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e
factors. V
Richmond
F i r s t National Bank in F a i r m o n t , F a i r m o n t , West
V i r g i n i a , proposed merger with F i r s t National
I n t e r i m Bank in F a i r m o n t , F a i r m o n t , West V i r g i n i a ,
a proposed new bank; r e p o r t t o t h e Comptroller of
t h e Currency on c o m p e t i t i v e f a c t o r s . ] /
Atlanta
Lakeside National Bank of Lake C h a r l e s , Lake C h a r l e s ,
L o u i s i a n a , proposed merger with New Lakeside
National Bank, Lake C h a r l e s , L o u i s i a n a ; r e p o r t
t o t h e C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e
factors. JJ
Atlanta
Mall Bank, West Palm Beach, F l o r i d a , proposed merger
with F i r s t S t a t e Bank of West Palm Beach, West
Palm Beach, F l o r i d a ; r e p o r t t o t h e Federal Deposit
I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . J /
Atlanta
M e t t e r Banking Company, M e t t e r , G e o r g i a , proposed
merger with Metter Temporary, I n c . , M e t t e r , Georgia;
r e p o r t t o t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n
on c o m p e t i t i v e f a c t o r s . 1 /
Richmond
Mountaineer National Bank, Morgantown, West V i r g i n i a ,
proposed merger with Community Bank and T r u s t , N.A.,
West V i r g i n i a ; r e p o r t t o t h e C o m p t r o l l e r of t h e
Currency on c o m p e t i t i v e f a c t o r s . J /
Richmond
P l a n t e r s National Bank and T r u s t Company, Rocky
Mount, North C a r o l i n a , proposed merger with I n t e r i m
P l a n t e r s National Bank, Rocky Mount, North C a r o l i n a ,
a proposed new bank; r e p o r t t o t h e Comptroller of
t h e Currency on c o m p e t i t i v e f a c t o r s . 1/
TJ
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
H.2, 1983 No. 1
- 5
ACTIONS OF THE BOARD - Continued
Chicago
S e c u r i t y Savings Bank, MarshalItown, Iowa, p r o posed merger with SSB I n t e r i m S t a t e Bank,
MarshalItown, Iowa, under t h e c h a r t e r and t i t l e
of S e c u r i t y Savings Bank; r e p o r t t o t h e Federal
Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e
f a c t o r s . 1/
Dallas
Texas Commerce Bank-Lockwood, N.A., Houston, Texas,
proposed merger with Lockwood National Bank of
Houston, Houston, Texas; r e p o r t t o t h e Comptroller
of t h e Currency on c o m p e t i t i v e f a c t o r s . 1/
San
Francisco
T r i - C i t i e s Savings & Loan A s s o c i a t i o n , Kennewick,
Washington, proposed p u r c h a s e of t h e Yakima,
Richland and Walla Walla branches of United
Mutual Savings Bank, Tacoma, Washington; r e p o r t
t o t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on
c o m p e t i t i v e f a c t o r s . \J
Dal l a s
Uvalde Bank, Uvalde, Texas, proposed merger with
I n t e r i m Uvalde Bank, Uvalde, Texas; r e p o r t t o
t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on
competitive f a c t o r s . J /
Dal l a s
Winters S t a t e Bank, W i n t e r s , Texas, proposed merger
with New Winters S t a t e Bank, W i n t e r s , Texas; r e p o r t
t o t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on
c o m p e t i t i v e f a c t o r s . 1/
77
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
H.2, 1983 No.
-
6
w
-
ACTIONS OF THE BOARD - Continued
To E s t a b l i s h a Domestic Branch Pursuant
t o S e c t i o n 9 of t h e Federal Reserve Act
Approved
Chemical Bank and T r u s t Company, Midland, 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 a t
t h e I n t e r n a t i o n a l Headquarters of t h e Dow Chemical
Company, 2030 Dow C e n t e r , Midland, Michigan. ]_/
Chicago
Chicago
Warren Bank, Warren, Michigan. To e s t a b l i s h a
branch a t 23130 Dequindre Road, Warren, Michigan.
Chicago
C i t i z e n s Bank & T r u s t Company, Park Ridge, I l l i n o i s .
To e s t a b l i s h an ATM a t Thompson's F i n e r Foods,
901 Touhy Avenue, Park Ridge, I l l i n o i s . ] /
Chicago
C i t i z e n s Bank & T r u s t Company, Park Ridge, I l l i n o i s .
To e s t a b l i s h an ATM a t Lutheran General H o s p i t a l ,
1775 Dempster S t r e e t , Park Ridge, I l l i n o i s . 1/
*
*
*
*
*
Issued I n t e n t Not t o Disapprove Change of Control
Pursuant t o Change in Bank Control Act of 1978
S t . Louis
Not Disapproved
General Bancshares C o r p o r a t i o n , S t . L o u i s , Missouri,
Minneapolis
S t . James B a n c o r p . , I n c . , S t . James, Minnesota. J /
Minneapolis
Brid g er Company, Wayzata, Minnesota. J_/
Minneapolis
Made!ia B a n c s h a r e s , I n c . , Madelia, Minnesota. ]_/
Dallas
C i t i z e n s National B a n c s h a r e s , I n c . , Oklahoma C i t y ,
Oklahoma. 1 /
*
2/
*
*
*
*
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
H.2, 1983 No. *
^
ACTIONS OK THE BOARD - Continued
A p p l i c a t i o n s 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 S e c t i o n s 25 and 2 5 ( a )
of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 )
of t h e Bank Holding Company Act of 1956, as amended
San
Francisco
Sixty-Day N o t i f i c a t i o n Period Allowed t o Expire
Bank of America N.T. & S . A . , San F r a n c i s c o , 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
investment in Norco F i n a n c i a l S e r v i c e s L i m i t e d ,
Toronto, Canada.
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , 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 inve s tme nt in
BA Finance (Hong Kong) Ltd.
San
Francisco
Bank of America N.T. & S . A . , San F r a n c i s c o , 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 v e s t ment in FinanceAmerica R e a l t y L i m i t e d , Toronto,
Canada.
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
S t . Louis
Boston
Cleveland
1/
Withdrawn
S a l i n e Bancorp, I n c . , H a r r i s b u r g , I l l i n o i s , f o r
approval t o a c q u i r e 81.16 p e r c e n t of t h e v o t i n g
s h a r e s of Bank of H a r r i s b u r g , H a r r i s b u r g ,
111 i n o i s .
Approved
Kingswood Bank-Corp., Wolfeboro, New Hampshire,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t
of t h e v o t i n g s h a r e s of Kingswood T r u s t &
Savings Bank, Wol f e b o r o , New Hampshire. ]_/
F i r s t Commerce Bancorp, I n c . , Eubank, Kentucky,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t
of t h e v o t i n g s h a r e s of The F i r s t S t a t e Bank,
Eubank, Kentucky. 1/
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
H.2* 1983 %o. ^
AC J 'Uf,
Ri ^
^
^ ^cnt 'nueO
«:u. y**n i d h w i f , : -: . . Berkeley Springs, West
^
*vul : o acquire 80 percent
^ . .r
^ 'y;c /O'Jny snare: of Morgan County
"+
\.vt
:
s p r i n g s , W^<t V i r g i n i a . 2 /
Aiisfi
.
:
.c*
"x/ ,,: ^ ~
:
%
x
/ . u a ' « c i A, Tennessee, f o r approval
leobC MO percent prior to d i s s o l u t i o n
f
Trust Company, G a l l a t i n ,
\ ,
at l e c s t 80 percent of the voting
.7
r s t unu Peoples National Bank,
- , l e n n e s s e e ; and 47 percent of the voting
c" dinners and Merchants Bank, Bethpage,
i ''
i —
-j
cf n H o r i a a , I n c . , Homestead,
oval ; o a c q u n e at l e a s t 80
voting shares of Community Bank
?. homestead, F l o r i d a .
y
Corporation, Magee, M i s s i s s i p p i ,
..., - v , . tu JcyUi re at l e a s t 80 percent of the
.mi" ;
1 df:K of Simpson County, Magee,
At
r
\
i- *
nanLsha^es, I n c . , Decatur, Tennessee,
vvai tu acquire ot l e a s t 80 percent of the
,
,)f Meiys County Bank, Decatur,
t.' ncs See. I /
Atlanta
rr
Ch
X r k i h a r ^ : , M c . , West Palm Beach, F l o r i d a , f o r
rwv;« t o acquire 100 percent of the voting shares
x . i i r^nk, West Palm Beach, F l o r i d a . ] /
i r : k i, \ i : r " Te^/ony, R a d c l i f f e , Iowa, f o r
acquire at l e a s t 8 2 . 8 percent of the
..;i^r.; ^ro^es uf Security State Bank, R a d c l i f f e ,
*(/A il * ( /
d
^hKaju
: j | i uu::L
e s , I n c . , Glen E l l y n , I l l i n o i s , f o r
j^pru ui iu acquire 100 percent of the v o t i n g s h a r e s
int suvcessor by merger t o Du Page Bank & irust
roMpnny, ;%ler E l l y n , I l l i n o i s . ] /
:z
WuHwl
.
,x
17""::,':
^ .
Corporation, S h e l b y v i l l e , Indiana,
r.,_<r'ire 100 percent of the voting
-»--.cr by merger t o The Farmers
rc-» of ^ne^byvi H e , Snelbyvi l i e , Indiana. ]_/
',T -iw Hoard :)f .Governors under
H . 2 , 1983 No. 1
- 9 ACTIONS OF THE BOARD - Continued
Chicago
G u t h r i e County B a n c s h a r e s , I n c . , G u t h r i e C e n t e r ,
Iowa, f o r approval t o a c q u i r e 9 7 . 5 p e r c e n t of
t h e v o t i n g s h a r e s of G u t h r i e County S t a t e Bank,
G u t h r i e C e n t e r , Iowa. _!/
Chicago
Metro B a n c o r p o r a t i o n , W a t e r l o o , Iowa, f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
t h e s u c c e s s o r by merger t o The Waterloo Savings
Bank, W a t e r l o o , Iowa. ]_/
Chicago
Pomeroy B a n c o r p o r a t i o n , Pomeroy, Iowa, f o r approval
t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of Pomeroy S t a t e Bank, Pomeroy, Iowa. J_/
Chicago
West Branch Bancorp, I n c . , West Branch, Iowa, f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of West Branch S t a t e Bank, West
Branch, Iowa. ]_/
S t . Lou i s
Morgantown Deposit Bancorp, I n c . , Morgantown,
Kentucky, f o r approval t o a c q u i r e 100 p e r c e n t of
t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o
Morgantown Deposit Bank, Morgantown, Kentucky. J_/
S t . Louis
SBC F i n a n c i a l C o r p . , Como, M i s s i s s i p p i , f o r approval
t o a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r s ' q u a l i f y i n g
s h a r e s and f o u r o u t - o f - s t a t e s h a r e s ) of t h e
s u c c e s s o r by merger t o S t a t e Bank of Como, Como,
M i s s i s s i p p i . \J
Kansas C i t y
F i r s t of Minden F i n a n c i a l C o r p o r a t i o n , L i n c o l n ,
Nebraska, f o r approval t o a c q u i r e a t l e a s t 60
p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t National
Bank of Minden, Minden, Nebraska. J_/
Kansas C i t y
GN Bankshares, I n c . , G i r a r d , Kansas, f o r approval t o
a c q u i r e a t l e a s t 61.67 p e r c e n t of t h e v o t i n g s h a r e s
of The G i r a r d National Bank, G i r a r d , Kansas. 1_/
Kansas C i t y
Kaw Valley B a n c s h a r e s , I n c . , Kansas C i t y , Kansas,
f o r approval t o a c q u i r e a t l e a s t 8 8 . 4 2 p e r c e n t of
t h e v o t i n g s h a r e s and 99.80 p e r c e n t of t h e c o n v e r t i b l e d e b e n t u r e s of Kaw Valley S t a t e Bank S
T r u s t , Kansas C i t y , Kansas. 1/
T7
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
H.2, 1983 No.
- 1 0 -
W
ACTIONS OF THE BOARD - Continued
Kansas C i t y
Pueblo B a n c o r p o r a t i o n , Pueblo, Colorado, f o r
approval t o a c q u i r e a t l e a s t 95 p e r c e n t of
t h e v o t i n g s h a r e s of The Pueblo Bank and Trust
Company, Pueblo, Colorado. ]_/
Dal l a s
Athena Bancshares C o r p o r a t i o n , Pampa, Texas, f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of Pampa B a n c s h a r e s , I n c . , Pampa,
Texas, and i n d i r e c t l y a c q u i r e 9 8 . 5 p e r c e n t of
t h e v o t i n g s h a r e s of C i t i z e n s Bank and T r u s t
Company, Pampa, Texas. J /
Dallas
F i r s t Community B a n c s h a r e s , I n c . , Houston, Texas,
f o r approval t o a c q u i r e 85.078 p e r c e n t of t h e
v o t i n g s h a r e s of The F i r s t National Bank of
K i l l e e n , K i l l e e n , Texas; 80.027 p e r c e n t of t h e
v o t i n g s h a r e s of Fort Hood National Bank, Fort
Hood, Texas; and 96.45 p e r c e n t of t h e v o t i n g
s h a r e s of American Bank, Con r o e , Texas. ]_/
Dallas
F i r s t Dumas B a n c s h a r e s , I n c . , Dumas, Texas, f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of The F i r s t National Bank of Dumas,
Dumas, Texas. J /
Dallas
Groos F i n a n c i a l C o r p o r a t i o n , San Antonio, Texas,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Groos Bank, N.A., San Antonio, Texas. \J
San
Francisco
Auburn Bancorp, Auburn, C a l i f o r n i a , f o r approval t o
a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Auburn
Bank of Commerce, N.A., Auburn, C a l i f o r n i a , a
proposed new bank. 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
Atlanta
TJ
Approved
F i r s t Bankers C o r p o r a t i o n of F l o r i d a , Pompano
Beach, F l o r i d a , f o r approval t o a c q u i r e a t
l e a s t 99 p e r c e n t of t h e v o t i n g s h a r e s of
National Trust Bank of F l o r i d a , S t . P e t e r s b u r g ,
F l o r i d a . 1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
H.2, 1983 No. 1
w
- n
-
ACTIONS OF THE BOARD - Continued
San
Francisco
F i r s t I n t e r s t a t e Bancorp, Los Angeles, C a l i f o r n i a ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of F i r s t I n t e r s t a t e Bancard Company, N.A.,
Conoga P a r k , C a l i f o r n i a , a proposed new bank. 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
Atlanta
Chicago
Dallas
Boston
TJ
3/
Returned
Community Bank of South F l o r i d a , I n c . , Homestead,
F l o r i d a , f o r approval t o a c q u i r e v o t i n g s h a r e s of
CBH I n s u r a n c e C o r p o r a t i o n , Homestead, F l o r i d a
and F i n a n c i a l P r o c e s s o r s I n c . , Miami, F l o r i d a . 1/
Approved
Drake Holding Company, I n c . , R a d c l i f f e , Iowa,
f o r approval t o engage in g e n e r a l i n s u r a n c e
a c t i v i t i e s in R a d c l i f f e , Iowa, a community with
a p o p u l a t i o n of l e s s t h a n 5 , 0 0 0 . 1 /
Reactivated
Andrews B a n c s h a r e s , I n c . , Andrews, Texas, and
Andrews F i n a n c i a l C o r p o r a t i o n , Andrews, Texas,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( t o engage in making l e a s e s of
p e r s o n a l p r o p e r t y in accordance with t h e B o a r d ' s
R e g u l a t i o n Y) a t 111 West Broadway, Andrews,
Texas, s e r v i n g Texas
( 1 2 / 3 0 / 8 2 ) 3/
Permitted
UST C o r p . , Boston, M a s s a c h u s e t t s , n o t i f i c a t i o n of
i n t e n t t o engage in de novo a c t i v i t i e s ( t o c o n t i n u e
t o engage in investment a d v i s o r y a c t i v i t i e s and
f i n a n c i a l planning s e r v i c e s , including analyzing
and recommending a p p r o p r i a t e i n v e s t m e n t s , f u r n i s h i n g g e n e r a l economic i n f o r m a t i o n and a d v i c e ,
f u r n i s h i n g s t a t i s t i c a l f o r e c a s t i n g s e r v i c e s and
i n d u s t r y s t u d i e s and making g e n e r a l f i n a n c i a l
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 1
- IC ACTIONS OF THE BOARD - Continued
p l a n n i n g recommendations) a t 4849 N. Mesa, S u i t e
210, El Paso, Texas and 201 N. F r a n k l i n S t r e e t ,
Tampa, F l o r i d a , s e r v i n g w e s t e r n Texas and t h e
S t a t e of F l o r i d a , r e s p e c t i v e l y , through i t s
s u b s i d i a r y , FCA Corp. ( 1 2 / 3 0 / 8 2 ) 2 /
New York
Hubco I n c . , Union C i t y , New J e r s e y , r e q u e s t s p e r m i s s i o n t o engage in t h e f o l l o w i n g a c t i v i t i e s
( l e a s i n g and l e a s e s e r v i c i n g a c t i v i t i e s under
t h e p r o v i s i o n s of R e g u l a t i o n Y; in making of
d i r e c t and i n d i r e c t l e a s e s of p e r s o n a l p r o p e r t y ;
t h e making of l e a s e s s h a l 1 i n c l u d e , but not be
limited t o , automobile l e a s e s obtained d i r e c t l y
o r through d e a l e r s ; s e r v i c i n g of independent
l e a s i n g companies or l e a s e s t h a t conform t o t h e
p r o v i s i o n s of R e g u l a t i o n Y) a t 3100 B e r g e n l i n e
Avenue, Union C i t y , New J e r s e y , s e r v i n g t h e
e n t i r e S t a t e of New J e r s e y , through i t s
s u b s i d i a r y , Hub L e a s e r v i c e Corp. ( 1 / 1 / 8 3 ) 3 /
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New
York, r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a de novo
o f f i c e t o engage in t h e 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 l o a n s and o t h e r e x t e n s i o n s
of c r e d i t , s e c u r e d or u n s e c u r e d , such as could
be made or a c q u i r e d by a f i n a n c e company under
Alabama law; s e r v i c i n g such loans and o t h e r
e x t e n s i o n s of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d
l i f e i n s u r a n c e and c r e d i t - r e l a t e d a c c i d e n t and
h e a l t h i n s u r a n c e ; such a c t i v i t i e s w i l l i n c l u d e ,
but not be l i m i t e d t o , making consumer i n s t a l l ment l o a n s , p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e
c o n t r a c t s , making loans and o t h e r e x t e n s i o n s of
c r e d i t s e c u r e d by r e a l and p e r s o n a l p r o p e r t y , and
o f f e r i n g c r e d i t - r e l a t e d s i n g l e l i f e i n s u r a n c e and
d e c r e a s i n g or l e v e l term [ i n t h e c a s e of s i n g l e
• payment l o a n s ] l i f e i n s u r a n c e and c r e d i t a c c i d e n t
and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s
of c r e d i t made or a c q u i r e d by Finance One of Alabama, I n c . by l i c e n s e d a g e n t s or b r o k e r s t o t h e
e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e
laws and r e g u l a t i o n s ) a t 303 Williams Avenue, Huntsv i l l e , Alabama, t h i s o f f i c e w i l l s e r v e t h e e n t i r e
S t a t e of Alabama, t h r o u g h i t s s u b s i d i a r y , Finance
One of Alabama, I n c . ( 1 / 1 / 8 3 ) V
3/
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
I
H.2, 1983 No. 1
- 13 ACTIONS OF THE BOARD - Continued
Philadelphia
F i r s t National Bancorp of Allentown, I n c . , A l l e n town, Pennsylvania* n o t i f i c a t i o n of i n t e n t t o
engage in de novo a c t i v i t i e s ( i n t h e a c t i v i t y
of u n d e r w r i t i n g , a s r e i n s u r e r , c r e d i t l i f e
and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t by
a p p l i c a n t ' s s u b s i d i a r y , The F i r s t National
Bank of Allentown and any o t h e r banking and
non-banking s u b s i d i a r i e s o f F i r s t National
Bancorp of Allentown, I n c . ) a t 234 North
C e n t r a l Avenue, Phoenix, A r i z o n a , t h e geographic
a r e a s e r v e d w i l l i n i t i a l l y be P e n n s y l v a n i a , New
J e r s e y , New York, Maryland and Delaware, through
i t s s u b s i d i a r y , F i r a l L i f e I n s u r a n c e Co.
(12/31/82) 2 /
Atlanta
American Banks of F l o r i d a , I n c . , J a c k s o n v i l l e ,
F l o r i d a , n o t i f i c a t i o n of i n t e n t t o engage in
de novo a c t i v i t i e s ( t o engage in both d i r e c t
u n d e r w r i t i n g and r e i n s u r a n c e of c r e d i t l i f e
i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e which i s d i r e c t l y r e l a t e d t o e x t e n s i o n s
of c r e d i t by i t or i t s banking s u b s i d i a r y ,
American National Bank of J a c k s o n v i l l e ) a t 208
North Laura S t r e e t , S u i t e 1200, J a c k s o n v i l l e ,
F l o r i d a , s e r v i n g Duval County, F l o r i d a , through
i t s s u b s i d i a r y , American S e c u r i t y L i f e Insurance
Company ( 1 2 / 2 8 / 8 2 ) 3/
Dallas
Andrews B a n c s h a r e s , I n c . , Andrews, Texas, and
Andrews F i n a n c i a l C o r p o r a t i o n , Andrews, Texas,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( t o engage in making l e a s e s of
p e r s o n a l p r o p e r t y in a c c o r d a n c e with t h e
B o a r d ' s R e g u l a t i o n Y) a t 111 West Broadway,
Andrews, Texas, s e r v i n g Texas ( 1 2 / 3 1 / 8 2 ) 3/
Dallas
3/
Union B a n c s h a r e s , I n c . , San A n t o n i o , Texas,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s (in t h e u n d e r w r i t i n g of c r e d i t l i f e
i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of
c r e d i t by Union Bank) a t 3570 S.W. M i l i t a r y
D r i v e , San A n t o n i o , Texas, s e r v i n g Texas,
through i t s s u b s i d i a r y , UBI L i f e I n s u r a n c e
Company ( 1 2 / 3 1 / 8 2 ) 3/
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 1
H ACTIONS U, "nE
- Continued
San
Francisco
American Bancorp of Nevada* Las Vegas* Nevada,
n o t i f i c a t i o n of intent t o engage in de novo
a c t i v i t i e s (making # ; , i t y mortgage loans f o r
placement with i n v e s t o r s or a c t i n g as an agent
for American Hank of Commerce in making equity
mortgage l o a n s , a c t i n g as a loan broker by
p l a c i n g Wans with p r i v a t e or i n s t i t u t i o n a l
l e n d e r s , purchasing loans secured by second
t r u s t deeds f o r s a l e t o i n v e s t o r s or a c t i n g as
an agent f o r American Bank of Commerce in purchasing loans secured by second t r u s t d e e d s ,
loan s e r v i c i n g , and a c t i n g as agent f o r t h e
s a l e of l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e
d i r e c t l y r e l a t e d t o i t s e x t e n s i o n s of c r e d i t )
a t 2800 West Sahara Avenue, Las Vegas, Nevada,
s e r v i n g Southern Nevada, t h r o u g h i t s s u b s i d i a r y ,
AmBank Mortgage ( 1 2 / 2 6 / 8 2 ) 2 /
San
Francisco
American Bancorp of Nevada, Las Vegas, Nevada,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( i n t h e a c t i v i t i e s of consumer and
commercial f i n a n c e a c t i v i t i e s , i n c l u d i n g t h e
e x t e n s i o n of d i r e c t l o a n s f o r t h e f i n a n c i n g of
i n s u r a n c e premiums f o r s a l e t o i n v e s t o r s or
a c t i n g as an agent f o r American Bank of Commerce
in making loans f o r t h e f i n a n c i n g of i n s u r a n c e
premiums; making l e a s e s of p e r s o n a l p r o p e r t y in
accordance with t h e B o a r d ' s R e g u l a t i o n s f o r
s a l e t o i n v e s t o r s or a c t i n g as agent f o r
American Bank of Commerce in making l e a s e s of
p e r s o n a l p r o p e r t y in accordance with t h e
B o a r d ' s R e g u l a t i o n s , s e r v i c i n g of l o a n s and
l e a s e s f o r o t h e r s ; and a c t i n g as agent f o r
t h e s a l e of l i f e , a c c i d e n t and h e a l t h , and
p h y s i c a l damage i n s u r a n c e d i r e c t l y r e l a t e d
t o i t s e x t e n s i o n s of c r e d i t as p e r m i t t e d by
Federal Law and t h e B o a r d ' s R e g u l a t i o n s ) a t
2800 West Sahara Avenue, Las Vegas, Nevada,
s e r v i n g Southern Nevada, through i t s s u b s i d i a r y , AmBank F i n a n c i a l
( 1 2 / 2 5 / 8 2 ) 3/
3/
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under delegated a u t h o r i t y .
e
H.2, 1983 N0. 1
-15ACTIONS OF THE BOARD - Continued
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , 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 in de novo
a c t i v i t i e s ( p r o p e r t y i n s u r a n c e ) a t 241 West
Broad S t r e e t , Quakertown, P e n n s y l v a n i a , s e r v i n g
t h e e n t i r e S t a t e of P e n n s y l v a n i a , through i t s
i n d i r e c t s u b s i d i a r y , FinanceAmerica Consumer
Discount Company (a Pennsylvania c o r p o r a t i o n )
(12/29/82)3/
San
Francisco
E n t e r p r i s e Bancorp, San F r a n c i s c o , 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 in de novo
a c t i v i t i e s (making or a c q u i r i n g and s e r v i c i n g
r e a l e s t a t e loans f o r i t s own account and f o r
t h e account of o t h e r s ) a t 1632 F r a n k l i n S t r e e t ,
Oakland, C a l i f o r n i a , s e r v i n g t h e 8 county a r e a
g e n e r a l l y known as t h e San F r a n c i s c o Bay Area,
through i t s s u b s i d i a r y , E n t e r p r i s e Bancorp
S e r v i c i n g ( 1 2 / 3 0 / 8 2 ) _3/
San
Francisco
F i r s t S e c u r i t y C o r p o r a t i o n , S a l t Lake C i t y , Utah,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( a c t i n g as agent f o r t h e s a l e of
c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e ) in S a l t
Lake C i t y , Utah, t h r o u g h i t s d i r e c t s u b s i d i a r y ,
F i r s t Security Financial
( 1 2 / 2 5 / 8 2 ) 3/
San
Francisco
M i t s u b i s h i Bank, L i m i t e d , Tokyo, J a p a n , n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s ( l e a s i n g
personal p r o p e r t y , a c t i n g as a g e n t , broker or
a d v i s e r in l e a s i n g s a i d p r o p e r t y , or s e l l i n g such
p r o p e r t y through l o n g - t e r m i n s t a l l m e n t s a l e s cont r a c t s where such t r a n s a c t i o n s s e r v e as t h e
f u n c t i o n a l e q u i v a l e n t of an e x t e n s i o n of c r e d i t
t o t h e u s e r of t h e p r o p e r t y p u r s u a n t t o t h e
c o n d i t i o n s c o n t a i n e d in S e c t i o n 2 2 5 . 4 ( a ) ( 6 )
of t h e B o a r d ' s R e g u l a t i o n Y) from t h e head o f f i c e
of Diamond Lease Company in Tokyo, J a p a n , and a t
800 W i l s h i r e B o u l e v a r d , Los A n g e l e s , C a l i f o r n i a ,
s e r v i n g t h e United S t a t e s , through i t s s u b s i d i a r y ,
Diamond Lease Company, Ltd.
( 1 2 / 3 1 / 8 2 ) 3/
~V
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H . 2 , 1983 No. 1
-
16
-
ACTIONS OF THE BOARD - Continued
San
Francisco
P a c i f i c National B a n c s h a r e s , Eureka, 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 ( l e a s i n g personal p r o p e r t y and a c t i n g
as a g e n t , b r o k e r or a d v i s e in l e a s i n g such
p r o p e r t y ) a t 160 North B u t t e , Willows, C a l i f o r n i a ,
s e r v i n g Northern C a l i f o r n i a , t h r o u g h i t s s u b s i d i a r y
P a c i f i c National Bancshares Leasing ( 1 2 / 3 1 / 8 2 ) V
San
Francisco
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , 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 in de novo
a c t i v i t i e s ( i n making or a c q u i r i n g f o r i t s
own account or f o r t h e account of o t h e r s , a s s e t
based b u s i n e s s l o a n s and o t h e r commercial or
i n d u s t r i a l loans and e x t e n s i o n s of c r e d i t
such as would be made by a f a c t o r i n g , r e d i s c o u n t
or commercial f i n a n c e company and engaging
g e n e r a l l y in t h e f a c t o r i n g b u s i n e s s ) in S t . L o u i s ,
M i s s o u r i , s e r v i n g t h e United S t a t e s , t h r o u g h i t s
s u b s i d i a r y , S e c u r i t y P a c i f i c Business C r e d i t I n c .
(12/26/82)3/
37
~
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 19C3N0. 1
-17APPLICATIONS RECEIVED
To Become j Member of t h e Federal Reserve System
Pursuant t o S e c t i o n 9 of t h e Federal Reserve Act
Chicago
S e c u r i t y Bank of Monroe, Monroe, Michigan.
*
*
*
*
*
A p p l i c a t i o n s 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 S e c t i o n s
25 and 25(a) of t h e Federal Reserve Act and S e c t i o n s
4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company
Act of 1956, as amended
San
Francisco
Midland Bank, p i c , London, England, f o r approval
t o r e t a i n i t s i n d i r e c t ownership of t h e United
S t a t e s t r a v e l b u s i n e s s of Thomas Cook, I n c . ,
New York, New York.
San
Francisco
S e c u r i t y P a c i f i c Overseas C o r p . , Los Angeles,
C a l i f o r n i a : p r i o r n o t i f i c a t i o n of i t s i n t e n t
t o i n c r e a s e i t s i n d i r e c t i n v e s t m e n t , through
i t s 100 p e r c e n t owned s u b s i d i a r y , S e c u r i t y
P a c i f i c Overseas Investment C o r p o r a t i o n in
t h e Bank of Canton Limited Macau.
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
New York
High Point F i n a n c i a l C o r p o r a t i o n , B r a n c h v i l i e ,
New J e r s e y , f o r approval t o a c q u i r e 100 p e r c e n t
of t h e v o t i n g s h a r e s of The National Bank of
Sussex County, B r a n c h v i l i e , New J e r s e y . 2/
Philadelphia
DNB F i n a n c i a l C o r p o r a t i o n , Downingtown, P e n n s y l v a n i a ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Downingtown National Bank , Downingtown,
P e n n s y l v a n i a . 2/
2/
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h ^ a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983 No. 1
-18APPLICATIONS RECEIVED - Continued
Richmond
Parnetto B a n c s h a r e s , I n c . , Laurens, South C a r o l i n a ,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of
t h e v o t i n g s h a r e s of The Palmetto Bank, Laurens,
South C a r o l i n a . 2/
Richmond
RHNB C o r p o r a t i o n , Rock H i l l , South C a r o l i n a , f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of Rock H i l l National Bank, Rock
H i l l , South C a r o l i n a . 2/
Atlanta
C i t i z e n s Bancorp, I n c . , New Tazewell, Tennessee, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of C i t i z e n s Bank, New Tazewell, Tennessee. 2/
Atlanta
H a r t s v i l i e B a n c s h a r e s , I n c . , H a r t s v i l i e , Tennessee,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of
t h e v o t i n g s h a r e s of Bank of H a r t s v i l i e , H a r t s vi 1 l e , Tennessee. 2/
Atlanta
Metter F i n a n c i a l S e r v i c e s , I n c . , M e t t e r , Georgia,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Metter Banking Company, M e t t e r , Georgia. 2/
Chicago
C i t i z e n s C e n t r a l Bancorp, I n c . , Macomb, I l l i n o i s ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of t h e s u c c e s s o r by merger t o C i t i z e n s
National Bank of Macomb, Macomb, I l l i n o i s . 2/
Chicago
Francor F i n a n c i a l , I n c . , Wabash, I n d i a n a , f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of
s u c c e s s o r by merger t o Frances Slocum Bank and
Trust Company, Wabash, I n d i a n a . 2/
Chicago
I l l i n o i s Valley Bancorp,
f o r approval t o a c q u i r e
shares (less d i r e c t o r s '
t h e s u c c e s s o r by merger
National Bank, M o r r i s ,
Chicago
MID ILLINOIS BANCORP, INC., P e o r i a ,
approval t o a c q u i r e 80 p e r c e n t or
v o t i n g s h a r e s of South Side Trust
Bank of P e o r i a , P e o r i a , I l l i n o i s .
Inc., Morris, I l l i n o i s ,
100 p e r c e n t of t h e v o t i n g
q u a l i f y i n g s h a r e s ) of
t o The Grundy County
I l l i n o i s . 2/
I l l i n o i s , for
more of t h e
& Savings
2/
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
w.2,
!
-19APPLICATIONS RECEIVED - Continued
Ch c
Town & Country Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Town & Country Bank of S p r i n g f i e l d ,
Springfield, I l l i n o i s . 2/
S t . Louis
Central Banc System, I n c . , G r a n i t e C i t y , I l l i n o i s ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of t h e s u c c e s s o r by merger t o G r a n i t e
City Trust and Savings Bank, G r a n i t e C i t y , I l l i n o i s . 2/
S t . Louis
CNB of Lebanon Bancorp, I n c . , Lebanon, Kentucky, f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of The C i t i z e n s National Bank of
Lebanon, Lebanon, Kentucky. ZY
S t . Louis
GAB Bancorp, J a s p e r , I n d i a n a , f o r approval t o a c q u i r e
100 p e r c e n t of the v o t i n g s h a r e s of t h e s u c c e s s o r
by merger t o The German American Bank, J a s p e r ,
I n d i a n a . 2/
Minneapolis
Ray B a n c o r p o r a t i o n , I n c . , Ray, North Dakota, f o r
approval t o a c q u i r e a t l e a s t 92.59 p e r c e n t of t h e
v o t i n g s h a r e s of C i t i z e n s S t a t e Bank of Ray, Ray,
North Dakota. 2/
Minneapolis
Warroad B a n c s h a r e s , I n c . , Warroad, Minnesota, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of S e c u r i t y S t a t e Bank of Warroad, Warroad,
Minnesota. 2?/
Kansas City
B.O.E. B a n c s h a r e s , I n c . , E l g i n , Oklahoma, f o r approval
t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of Bank of E l g i n , E l g i n , Oklahoma, j?/
Kansas City
Pembroke B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i ,
f o r approval t o a c q u i r e a t l e a s t 66.67 p e r c e n t
of t h e v o t i n g s h a r e s of Civic Plaza National
Bank of Kansas C i t y , Kansas C i t y , M i s s o u r i . 2/
Dallas
National C e n t e r b a n k s , I n c . , D a l l a s , Texas, f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of CENTERBANK, National A s s o c i a t i o n ,
* D a l l a s , Texas, a proposed new bank. 2/
Z/
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983No. 1
- 2 0 APPLICATIONS RECEIVED - Continued
Dallas
S m i t h v i l l e B a n k s h a r e s , I n c . , S m i t h v i l l e , Texas,
f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e
v o t i n g s h a r e s of F i r s t S t a t e Bank of S m i t h v i l i e ,
S m i t h v i l i e , Texas. 2/
San
Francisco
Empire Bancorp, Rancho Cucamonga, C a l i f o r n i a , f o r
a p p r o v a l t o a q u i r e 100 p e r e n t of t h e v o t i n g s h a r e s
of Empire Bank, N . A . , Cucamonga, C a l i f o r n i a ,
a p r o p o s e d new b a n k . 2 /
*
*
*
*
*
To Expand a Bank Holding Company P u r s u a n t t o S e c t ' e n
3 ( a ) ( 3 ) of t h e Bank Hoi dim, Company Act of 1956
-ante
Sun r ^ n k s of Flor"(.!a,
approval t c a c q u ^ e
s h a r e s of The F i r s t
S p r i n g s , De F.miak
I n c . , Orlando, F l o r i d a , fo
1 - 0 p e r c e n t of t h e v o t ' -c,
N a t i o r 1 Bank of De Funiak
S p r i n g s , F l o r i d a . _2/
PRA1RIELAND BANCORP., INC., B u s h n e l l , I l l i n o i s ,
f o r appro.\«1 t o a c q u i r e r t l e a s t 80 p e r c e n t o,
t h e v o t i n g s h a r e s of R c s e v i l l e S t a t e Bcmk,
R o s e v i l l e , I l l i n o i s . 2/
Cli
S e c u r i t y Bancorp, I n c . , S o u ^ h g a t e , M i c h i g a n , Tor
a p p r o v a l t o a c c u i r e 100 n e r c c n t of thn v o t i n g
s h a r e s of t h e s u c c e s s o r by c o n s o l i d a t i o n t c
I h c F i r ^ t N a t i o n a l Bank of Monroe, Monroe,
Michigan.
Mi n n e a o o i i s
Guaranty Development Company, L i v i n g s t o n , M c i t a n a ,
f o r a p p r o v a l t o a c q u i r e a t l e a s t 82 P e r c e n t of
t h n v o t i n g s h a r e s of Western S t a t e Bank, B i l l i n g s ,
Montana. 2 /
Dai l a s
C u l l e n / F r o s t B a n k e r s , I n c . , San A n t o n i o , T e x a s , f o r
a p p r o v a l t o a c q u i r e 1U0 p e r c e n t of t h e v o t i n g
s h a r e s of N o r t h l i e l d N a t i o n a l Bank, Houston, T e x a s .
San
Francisco
Puget Sound B a n c o r p , Tacoma, Washington, f o r a p p r o v a l
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s n(
San Juan County Bank, F r i d a y H a r b o r , Washington, j?/
2j
A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t .
The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d
a s t o t h e l e n g t h of t h e comment p e r i o d .
#
H.2, 1983 No. 1
- 21 APPLICATIONS RECEIVED -
San
Francisco
Continued
R a i n i e r B a n c o r p o r a t i o n , S e a t t l e , Washington, f o r
approval t o a c q u i r e a t l e a s t 90 p e r c e n t of t h e
v o t i n g s h a r e s of Peoples Bank & T r u s t Company,
Anchorage, Alaska. 2 /
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
New York
HUBCO, I n c . , Union C i t y , New J e r s e y , r e q u e s t s
p e r m i s s i o n t o expand t h e a c t i v i t i e s of an
o f f i c e t o include the following a c t i v i t i e s
(providing data processing s e r v i c e s r e l a t e d
to leasing a c t i v i t i e s , including access to
p r o p r i e t a r y s o f t w a r e , where t h e s o f t w a r e
has been a c q u i r e d in c o n n e c t i o n with t h e
s u b s i d i a r y ' s p r e v i o u s l y approved l e a s i n g
a c t i v i t i e s ) a t 3100 B e r g e n l i n e Avenue,
Union C i t y , New J e r s e y , through i t s subs i d i a r y , HUB FINANCIAL SERVICES, Inc. ( 1 2 / 3 1 / 8 2 )
Philadelphia
FB&T C o r p o r a t i o n , Hanover, P e n n s y l v a 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 in de novo a c t i v i t i e s
(in a c t i n g as an u n d e r w r i t e r of c r e d i t l i f e and
c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e which i s
d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t by
o t h e r s u b s i d i a r i e s of FB&T C o r p o r a t i o n ) a t
Center S q u a r e , Hanover, P e n n s y l v a n i a , s e r v i n g
York and Adams Counties and c o u n t i e s c o n t i g u o u s
t h e r e t o , through i t s s u b s i d i a r y , FB&T Insurance
Company ( 1 / 1 / 8 3 )
Richmond
E q u i t a b l e B a n c o r p o r a t i o n and The Maybaco Company,
B a l t i m o r e , Maryland, t o expand t h e r e i n s u r a n c e
u n d e r w r i t i n g a c t i v i t i e s of t h e i r s u b s i d i a r y ,
Equiban L i f e Insurance Company, t o i n c l u d e
c r e d i t l i f e i n s u r a n c e s o l d in c o n n e c t i o n with
e x t e n s i o n s of c r e d i t by t h e h o l d i n g company's
s u b s i d i a r i e s in Delaware ( 1 2 / 1 3 / 8 2 )
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
a s t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983 No. 1
- 2 2 -
APPLICATIONS RECEIVED - Continued
Atlanta
Metter F i n a n c i a l S e r v i c e s , I n c . , M e t t e r , Georgia,
f o r approval t o a c q u i r e de novo Metter F i n a n c i a l
Systems, I n c . , M e t t e r , Georgia.
Chicago
Irwin Union C o r p o r a t i o n , Columbus, I n d i a n a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( t o engage in mortgage banking a c t i v i t i e s i n c l u d i n g t h e d i r e c t e x t e n s i o n 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
l o a n s f o r i n v e s t o r s ) in Houston, Corpus C h r i s t i
and San Antonio, a l l in Texas, t h e geographic
a r e a t o be served w i l l be t h e S t a t e of Texas,
through i t s d i r e c t l y - o w n e d s u b s i d i a r y , Inland
Mortgage C o r p o r a t i o n ( 1 2 / 1 7 / 8 2 )
Chicago
Larch B a n c o r p o r a t i o n , Larchwood, Iowa, n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s ( t o
engage in personal p r o p e r t y l e a s i n g a c t i v i t i e s )
t h e geographic a r e a t o be s e r v e d w i l l be n o r t h west Lyon County, Iowa, and southwest Rock
County, Minnesota ( 1 2 / 2 1 / 8 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 in 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 t h e
account of o t h e r s , mortgage loans and such o t h e r
e x t e n s i o n s of c r e d i t , as would be made by a
mortgage company) a t 1156 Niagra Avenue, Saginaw,
Michigan, t h e geographic a r e a t o be served w i l l
be t h e c o u n t i e s of Saginaw, Midland, Bay and
T u s c o l a , Michigan, through i t s wholly-owned
s u b s i d i a r y , NBD Mortgage Company ( 1 2 / 2 2 / 8 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 in de novo a c t i v i t i e s (making
and a c q u i r i n g of mortgage l o a n s f o r i t s own
account and f o r t h e account of o t h e r s and such
o t h e r e x t e n s i o n s of c r e d i t as would be made by
a mortgage company) a t Broadway S t r e e t between
Court S t r e e t and Mosher S t r e e t , Mt. P l e a s a n t ,
Michigan, t h e g e o g r a p h i c a r e a t o be served
w i l l be t h e c o u n t i e s of I s a b e l l a , G r a t i o t , and
C l a r e , Michigan, through i t s wholly-owned subs i d i a r y , NBD Mortgage Company ( 1 2 / 2 2 / 8 2 )
$
H.2, 1983 No. 1
f
-23-
APPLICATIONS RECEIVED - Continued
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , 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 in de novo
a c t i v i t i e s ( a c t i n g as an i n d u s t r i a l Toan company
under t h e Iowa I n d u s t r i a l Loan Law, p r o v i d e d ,
however, t h a t no investment c e r t i f i c a t e s w i l l
be o f f e r e d t o t h e p u b l i c ; making or a c q u i r i n g
f o r i t s own account loans and o t h e r e x t e n s i o n s
of c r e d i t ; s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s
of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e
i n s u r a n c e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h
i n s u r a n c e ; no c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e
w i l l be o f f e r e d ; such a c t i v i t i e s w i l l i n c l u d e ,
but not be l i m i t e d t o , making consumer i n s t a l l m e n t
loans, purchasing i n s t a l l m e n t s a l e s finance cont r a c t s , making loans and o t h e r e x t e n s i o n s of c r e d i t
t o b u s i n e s s e s , making loans s e c u r e d by r e a l and
p e r s o n a l p r o p e r t y , and o f f e r i n g c r e d i t - r e l a t e d
l i f e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h
i n s u r a n c e ; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d
a c c i d e n t and h e a l t h i n s u r a n c e may be r e i n s u r e d
by BA I n s u r a n c e Company, I n c . , an a f f i l i a t e of
FinanceAmerica C o r p o r a t i o n of Iowa) a t 101 West
Second S t r e e t , S u i t e 306* Davenport, Iowa,
s e r v i n g t h e e n t i r e S t a t e of Iowa and I l l i n o i s ,
through i t s newly o r g a n i z e d i n d i r e c t s u b s i d i a r y ,
FinanceAmerica C o r p o r a t i o n of Iowa (an Iowa
corporation)
(12/30/82)
San
Francisco
Peoples B a n c o r p o r a t i o n , S e a t t l e , Washington, n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s (in consumer
f i n a n c e a c t i v i t i e s , i n c l u d i n g t h e e x t e n s i o n of c r e d i t
f o r personal l o a n s ) a t 2411 Fourth Avenue, S u i t e 990B,
S e a t t l e , Washington, s e r v i n g King County, Washington,
through i t s s u b s i d i a r y , Peoples Consumer Finance
Company ( 1 2 / 2 8 / 8 2 )
San
Francisco
Peoples B a n c o r p o r a t i o n , S e a t t l e , Washington, n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s (in consumer
f i n a n c e a c t i v i t i e s , i n c l u d i n g t h e e x t e n s i o n of c r e d i t
f o r p e r s o n a l l o a n s , second mortgage r e a l e s t a t e l o a n s ,
and c o n t r a c t s o r i g i n a t i n g in t h e s a l e of merchandise)
a t 2411 Fourth Avenue, S u i t e 990B, S e a t t l e , Washington,
s e r v i n g King County, Washington, through i t s s u b s i d i a r y , Peoples I n d u s t r i a l Loan Company ( 1 2 / 2 8 / 8 2 )
H.2, ! 9 8 3 No. 1
-24APPLICATIONS RECEIVED - Continued
San
Francisco
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , 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 r e l o c a t e 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 or f o r t h e
account of o t h e r s , l o a n s and e x t e n s i o n s 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 p e r s o n a l l o a n s ,
p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e cont r a c t s , making loans t o small b u s i n e s s e s and o t h e r
e x t e n s i o n s of c r e d i t such as would be made by a
f a c t o r i n g company o r a consumer f i n a n c e company;
and a c t i n g a s b r o k e r or agent f o r t h e s a l e of
c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e )
from 372 Kinderkamack Road, Westwood, New J e r s e y t o
Paramus Plaza 4 , 120 Route 17 North, Paramus, New
J e r s e y , s e r v i n g t h e S t a t e of New J e r s e y , through
i t s s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Corp.
(12/31/82)
San
Francisco
S e c u r i t y P a c i f i c C o r p o r a t i o n , 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 in 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 or f o r t h e
account of o t h e r s , loans and e x t e n s i o n s 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 l o a n s ,
p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e cont r a c t s , making loans t o small b u s i n e s s e s and o t h e r
e x t e n s i o n s 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 f i n a n c e company;
and a c t i n g as broker or agent f o r t h e s a l e of c r e d i t
l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e ) a t
175 East Capitol S t r e e t , J a c k s o n , M i s s i s s i p p i ,
s e r v i n g t h e S t a t e of M i s s i s s i p p i , through i t subs i d i a r y , S e c u r i t y P a c i f i c Finance Corp.
(I 2 / 3 1 / 8 2 )
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REPORTS RECEIVED
None.
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PETITIONS FOR RULEMAKING
None.
@FedFRASER