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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1987, No. 2
Actions of the Board
Applications and Reports Received
During the Week Ending January 10, 1987
ACTIONS OF THE BOARD
Risk-based capital framework for banks and
bank holding companies developed jointly by
the Bank of England, the Comptroller of the
Currency, the Federal Deposit Insurance
Corporation, and the Federal Reserve;
agreement to request public comment (Docket
R-0567).
Boston

BTP Corp., Boston, Massachusetts — extension
to April 3, 1987, to engage de novo in loan
activities.
1/

Cleveland

Marine Bank, Warren, Pennsylvania — proposed
merger with The First National Bank of
Cochranton, Cochranton, Pennsylvania —
report to the Comptroller of the Currency on
competitive factors.
1/

Cleveland

First Security Corporation of Kentucky,
Lexington, Kentucky and First Security
Affiliates, Inc., extension to February 19,
1987, to acquire State Financial Bancshares,
Inc., and State Bank and Trust Company of
Richmond, Richmond, Kentucky.
1/

Cleveland

Ohio Bancorp, Youngstown, Ohio — extension
to April 11, 1987, to engage de novo in
certain services through Florida Trust
Services of Ohio Bancorp, Naples, Florida.
1

/

Richmond

1/

The Business Bank, Vienna, Virginia —
extension to April 1, 1987, to withdraw from
membership in the Federal Reserve System.
1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 2

2

ACTIONS OF THE BOARD- Continued
Richmond

Federal Savings Bank of Maryland, Baltimore,
Maryland — proposed merger with State
Savings and Loan Association — report to the
Federal Deposit Insurance Corporation on
competitive factors.
1/

Atlanta

First Bank of Crestview, Crestview, Florida
— investment in bank premises.
1/

Atlanta

Commerce Union Bank, Johnson City, Tennessee
-- to invest in bank premises.
1/

Atlanta

Bank Independent, Sheffield, Alabama —
investment in bank premises.
1/

Atlanta

Central Bank of The South, Birmingham,
Alabama -- investment in bank premises.

1/

Atlanta

Sun Bank/West Florida, N.A., Pensacola,
Florida — proposed merger with Sun First
National Bank of De Funiak Springs, De Funiak
Springs, Florida — report to the Comptroller
' of the Currency on competitive factors.
1/

Atlanta

Cima, C.A., Caracas, Venezuela, and Banco
Mercantil, C.A., — extension to April 23,
1987, to acquire Commercebank, N.A., Miami,
Florida.
1/

Atlanta

Cayman Investment Company (Delta), George
Town, Grand Cayman, Cayman Islands, and Delta
South Bancorp, Inc., Dover, Delaware —
extension to April 7, 1987, to acquire Delta
National Bank and Trust Company of Florida,
Miami, Florida.
1/

Atlanta

Homebanc Corporation, Guntersville, Alabama
— extension to March 25, 1987, to acquire
Bank of Albertville, Albertville, Alabama.
1/

Chicago

Central-State Bancorp, Inc., Frankfort,
Michigan — extension to March 24, 1987, to
acquire State Savings Bank, and Central State
Bank, Beulah, Michigan.
1/

Chicago

Davenport Bank and Trust Company, Davenport,
Iowa — investment in bank premises.
1/

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 2

3

ACTIONS OF THE BOARD- Continued
Chicago

Peoples Bank and Trust Company, Waterloo,
Iowa — proposed merger with Parkersburg
State Bank, Parkersburg, Iowa — report to
the Federal Deposit Insurance Corporation on
competitive factors.
1/

Chicago

Bankers Trust Company, Des Moines, Iowa —
investment in bank premises.
1/

Chicago

State Financial Services Corporation, Hales
Corners, Wisconsin — extension to March 31,
1987, to acquire Edgewood Bank, Greenfield,
Wisconsin.
1/

Kansas City

First National of Nebraska, Inc., Omaha,
Nebraska — extension to April 1, 1987, to
engage de novo in loan activities through
First National Leasing Inc.
1/

Dallas

Texas American Bank/Las Colinas, N.A.,
Irving, Texas — proposed merger with Texas
American Bank/Dallas, Dallas, Texas — report
to the Federal Deposit Insurance Corporation
on competitive factors.
1/

Dallas

Central National Bank, Pharr, Texas —
proposed merger with Alamo Bank of Texas,
Texas — report to the Federal Deposit
Insurance Corporation on competitive factors.

1/

Dallas

Texas Commerce Bank - San Antonio NW, N.A.,
San Antonio, Texas and Texas Commerce
Bank-San Antonio — proposed merger with
Texas Commerce Bank-San Antonio, Loop —
report to the Federal Deposit Insurance
Corporation on competitive factors.
1/
* * * * *
To Merge Pursuant to Section 18(c)
of the Federal Deposit Insurance Act
Withdrawn

San Francisco

Bank of Coronado, Coronado, California —
merge with Capital Bank of Carlsbad,
Carlsbad, California.
(1/9/87)*

to

* * * * *

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 2

4

ACTIONS OF THE BOARD- Continued
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Approved
Atlanta

First Bank of Crestview, Crestview, Florida
— to establish a branch at State Road 85 and
Redstone Road in the Court Plaza Shopping
Center, Crestview, Florida, to be known as
the Court Plaza Office of First State Bank.
1/
(1/6/87)

Chicago

First of America Bank - Ann Arbor, Ann Arbor,
Michigan — to establish a branch at the
northeast corner of the intersection of
Stadium Boulevard and Pauline Boulevard, Ann
Arbor, Michigan.
1/
(1/6/87)

Chicago

Security Bank, Marshalltown, Iowa — to
establish branches at Eldora and Steamboat
Rock, Iowa.
1/
(1/9/87)
* * * * *
To Become a Member of the Pederal Reserve
System Pursuant to Section 9 of the Federal
Reserve Act
Approved

Richmond

Hardy County Bank, Inc., Wardensville,
West Virginia.
1/
(1/6/87)

Atlanta

United Citizens Bank of Alachua County,
Alachua, Florida.
1/
(1/8/87)

San Francisco

The Bank of Verde Valley, Cottonwood, Arizona
— a proposed new bank.
1/
(1/2/87)
* * * * *

To Merge Pursuant to Section 18(c) of the
Federal Deposit Insurance Act
Approved
Richmond

1/

Hardy County Bank, Inc., Wardensville,
West Virginia — to merge with The Capon
Valley Bank, Wardensville, West Virginia.
(1/6/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1187, No. 2

5

ACTIONS OP THE BOARD- Continued
Chicago

Security Bank, Marshalltown, Iowa — to merge
with Hawkeye Bank & Trust, Eldora, Iowa.
1/
(1/9/87)
* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Withdrawn
New York

Asia Bancshares, Inc., Flushing, New York —
for approval to acquire Asia Bank, N.A.,
Flushing, New York.
(11/7/86)

Kansas City

Love County Bancorp, Marietta, Oklahoma —
for approval to acquire 80 percent of the
voting shares Bank of Love County,
Marietta, Oklahoma.
(1/8/87)
* * * * *

Returned
Minneapolis

Sauk Centre Financial Services, Inc., Sauk
Centre, Minneapolis — for approval to
acquire 100 percent of the voting shares of
First National Bank of Sauk Centre, Sauk
Centre, Minnesota.
(1/2/87)
* * * * *
Approved

Cleveland

Banc Services Corp., Orrville, Ohio — for
approval to acquire 100 percent of the voting
shares of The Orrville Savings Bank,
Orrville, Ohio.
1/
(1/5/87)

Richmond

Citizens Financial Corp., Elkins, West
Virginia — for approval to acquire 100
percent of the voting shares of Citizens
National Bank of Elkins, Elkins, West
Virginia.
1/
(1/9/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 2

6

ACTIONS OF THE BOARD- Continued
Richmond

First Merchants Bancorp, Inc., Montgomery,
West Virginia — for approval to acquire 100
percent of the voting shares of The Merchants
National Bank of Montgomery, Montgomery, West
Virginia, and The Gauley National Bank,
Gauley Bridge, West Virginia.
1/
(1/7/87)

Atlanta

Belfast Holding Company, Belfast, Tennessee
— for approval to acquire 100 percent of the
voting shares of Bank of Belfast, Belfast,
Tennessee.
1/
(1/5/87)

Chicago

FNB Corp, Mount Clemens, Michigan — for
approval to acquire 100 percent of the voting
shares of First National Bank in Mount
Clemens, Mount Clemens, Michigan.
1/
(12/30/86)

Chicago

ICNB Financial Corp., Ionia, Michigan — for
approval to acquire 100 percent of the voting
shares of The Ionia County National Bank of
Ionia, Ionia, Michigan.
1/
(1/7/87)

St. Louis

Madison Corporation, Little Rock, Arkansas —
for approval to acquire at least 86.7 percent
of the voting shares of Madison Bank and
Trust, Kingston, Arkansas.
1/
(1/7/87)

St. Louis

Parkin Bancorp, Inc., Parkin, Arkansas -- for
approval to acquire 100 percent of the voting
shares of First State Bank, Parkin, Arkansas.
1/
(1/9/87)

St. Louis

Union County Bancshares, Inc., Anna, Illinois
— for approval to acquire 100 percent of the
voting shares of The Anna National Bank,
Anna, Illinois.
1/
(1/5/87)

Minneapolis

Morristown Holding Company, Minneapolis,
Minnesota — for approval to acquire 100
percent of the voting shares of State Bank of
Morristown, Morristown, Minnesota.
1/
(1/8/87)

Dallas

Goliad Bancshares, Inc., Goliad, Texas — for
approval to acquire 100 percent of the voting
shares of The First National Bank of Goliad,
Goliad, Texas.
1/
(1/6/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.




7

H.2, 1987, No. 2

ACTIONS OF THE BOARD- Continued
San Francisco

Verde Valley Bancorp, Inc., Cottonwood,
Arizona — for approval to acquire 100
percent of the voting shares of The Bank of
Verde Valley, Cottonwood, Arizona.
1/
(1/5/87)

* * * * *
To Expand a Bank Holding Company Pursuant
to Section 3(a)(3) of the Bank Holding
Act of 1956
Approved
Boston

BankEast Corporation, Manchester, New
Hampshire — for approval to acquire 100
percent of BankEast Savings Bank and Trust,
Rochester, New Hampshire.
1/
(1/9/87)

Richmond

Highlands Bankshares, Inc., Petersburg, West
Virginia — for approval to acquire 100
percent of the voting shares of The Capon
Valley Bank, Wardensville, West Virginia.
1/
(1/9/87)

St. Louis

First Commercial Corporation, Little Rock,
and Northwest Arkansas Bancshares, Inc.,
Bentonville, Arkansas — for approval to
acquire 50 percent of the voting shares of
Security National Bank and Trust Company of
Norman, Norman, Arkansas.
1/
(1/8/87)

Kansas City

J.R. Montgomery Bancorporation, Lawton,
Oklahoma — for approval to acquire an
additional 10 percent of the voting shares of
Fort Sill National Bank, Fort Sill, Oklahoma.
1/
(1/9/87)*
*

1/

*

*

*

*

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 2

8

ACTIONS OP THE BOARD- Continued
To Expand a Bank Holding Company Pursuant to
Section 3(a)(5) of the Bank Holding Company
Act of 1956
Approved
Boston

BankEast Corporation, Manchester, New
Hampshire — for approval to acquire 100
percent of the voting shares of United Banks
Corporation, Hanover, New Hampshire and
indirectly Hanover Bank & Trust Company,
Hanover, New Hampshire.
1/
(1/9/87)
*

*

*

*

*

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

Banco Nazionale Del Lavoro, Rome, Italy -- to
engage de novo (making, acquiring and/or
servicing loans for itself or for others of
the type made by a factor; engaging in full
payout personal property leasing) through
TIEC Services, Inc., New York, New York.
3/
(1/7/8?)

Chicago

AMCORE Financial, Inc., Rockford, Illinois —
to establish a de novo subsidiary, Amcore
Mortgage, Inc., Rockford, Illinois and to
engage de novo (making, acquiring and/or
servicing loans for itself or for others of
the type made by a mortgage company). 3/
(12/30/86)

Kansas City

O'Neill Properties, Inc., Minneapolis,
Minnesota — to continue to engage de novo
(engaging in insurance agency activities in a
town of less than 5,000 persons) through the
acquisition of Meierhenry Agency, Inc.,
O'Neill, Nebraska.
3/
(1/6/87)
Approved

Boston

BankEast Corporation, Manchester, New
Hampshire — to acquire United Appraisals,
Inc., Hanover, New Hampshire and engage in
appraisals of residential and commercial real
estate.
1/
(1/9/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.

3/

Notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.




H.2, 1987, No. 2

9

ACTIONS OF THE BOARD- Continued
Chicago

FNB Corp, Mount Clemens, Michigan — to
engage de novo in credit life and disability
reinsurance directly related to extensions of
credit.
1/
(12/30/86)
Permitted

New York

Skandinaviska Enskilda Banken, Stockholm,
Sweden — to engage de novo (advising a
company registered under the Investment
Company Act of 1940)
3/
(1/9/87)

Cleveland

First National Pennsylvania Corporation,
Erie, Pennsylvania — to engage de novo
(making, acquiring, and/or servicing loans
for itself or for others of the type made by
a mortgage company) through East Bay Mortgage
Corporation, Erie, Pennsylvania.
3/
(1/7/87)

Chicago

Bank of Montreal, Montreal, Canada; Harris
Bancorp, Inc., Chicago, Illinois and Bankmont
Financial Corp., New York, New York — to
engage de novo (discount securities brokerage
activities including certain securities
credit and incidental activities) through the
acquisition of Harris Brokerage Services,
Inc., Chicago, Illinois.
3/
(1/9/87)

Chicago

First Michigan Bank Corporation, Zeeland,
Michigan — to engage de novo (selling credit
life, disability, or involuntary unemployment
insurance) through its subsidiary, First
Michigan Life Insurance Company, Phoenix,
Arizona.
3/
(1/7/97)

San Francisco

Lloyds Bank PLC, London, United Kingdom — to
engage de novo (underwriting and dealing in
obligations of the United States, general
obligations of states and political
subdivisions and other obligations in which
state members are authorized to underwrite
and deal) through Lloyds Government
Securities Corporation, New York, New York.
The geographic area to be served will be the
entire United States.
3/
(1/2/87)

3/




Notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.

H.2, 1987, No. 2

10

ACTIONS OP THE BOARD- Continued
San Francisco

The Sumitomo Bank, Ltd., Osaka, Japan — to
engage de novo (making, acquiring and/or
servicing loans for itself or for others of
the type made by a commercial finance
company; engaging in full pay-out personal
real property leasing) through its
subsidiary, Sumitomo Bank Capital Markets,
Inc., Nev? York, New York.
3/ (1/7/87)

San Francisco

The Tokai Bank, Limited, Nagoya, Japan — to
engage de novo (advising a mortgage or real
estate investment trust; advising a company
registered under the Investment Company Act
of 1940; providing portfolio investment
advice to any person; providing economic
information and advice, statistical
forecasting services, and industry studies;
providing financial advice to state and local
governments) through Tokai Trust Company of
New York, New York, New York 3/ (1/7/87)

San Francisco

United Security Bancorporation, Chewelah,
Washington — to engage de novo (making,
acquiring, and/or servicing loans for itself
or for others of the type made by a mortgage
company) through USB Mortgage Company,
Chewelah, Washington. 3/
(1/7/87)
* * * * *
Redemption of Shares
Approved

Kansas City

Martell Financial Services, Inc., Martell,
Nebraska.
1/ (1/6/87)
* * * * *

Issued Intent Not to Disapprove Change of
Control Pursuant to Change in Bank
Control Act of 1978
Approved
Minneapolis

Crookston Financial Services, Inc, Crookston,
Minnesota.
1/ (1/6/87)

Kansas City

Midwest National Bancshares, Inc., Midwest
City, Oklahoma.
1/ (1/5/87)

1/

Application processed on behalf of the Board of
Governors under delegated authority.

3/

Notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.




H.2, 1987, No. 2

11

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

Chemical Bank, New York, New York — to
establish a branch at CMP Publications, Inc.,
600 Community Drive, Manhasset, New York.
2/

Philadelphia

Laurel Bank, Ebensburg, Pennsylvania — to
establish a remote service facility at Rt.
220 and Orchard Avenue, Altoona,
Pennsylvania.
2/

Richmond

Bank of Virginia, Richmond, Virginia -- to
establish a branch at the Northeast
Intersection of General Booth Boulevard and
Dam Neck Road, Virginia Beach, Virginia.
2/

Richmond

Bank of Virginia, Richmond, Virginia — to
establish a branch at the Southeast
Intersection of Route 17 and Washington
Square Shopping Center, Grafton, Virginia.
2/
* * * * *
To Become a Member of the Federal Reserve
System Pursuant to Section 9 of the
Federal Reserve Act
Received

Atlanta

Madison County Bank, New Hope, Alabama.

2/

Atlanta

Morgan County Bank, Falkville, Alabama.

2/

Chicago

The State Bank of Viroqua, Viroqua,
Wisconsin.
2/
* * * * *

2/

Application subject to Community Reinvestment Act.
The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.




H.2, 1987, No. 2

12

APPLICATIONS RECEIVED - Continued
To Form a Bank Holding Company Pursuant to
Section 3(a)(1) of the Bank Holding
Company Act of 1956
Received
New York

Community Bancorp, Inc., Glastonbury,
Connecticut — for approval to acquire 100
percent of the voting shares of Community
National Bank, Glastonbury, Connecticut.
2/

Cleveland

CG Bancshares, Inc., Irvine, Kentucky — for
approval to acquire 100 percent of the voting
shares of Citizens Guaranty Bank, Irvine,
Kentucky.
2/

Richmond

FNB Corporation, Holly Hill, South Carolina
— for approval to acquire 100 percent of the
voting shares of The First National Bank of
Holly Hill.
2/

Atlanta

Enots, Ltd., George Town, Cayman Islands —
for approval to acquire 28 percent of the
voting shares of Ocean Bankshares, Inc.,
Miami, Florida and indirectly acquire Ocean
Bank of Miami, Miami, Florida.
2/

Atlanta

First Bancorp, Inc., Oneida, Tennessee — for
approval to acquire 80 percent of the voting
shares of The First National Bank of Oneida,
Oneida, Tennessee.
2/

Atlanta

Nebema, Ltd. George Town, Cayman Islands —
for approval to acquire 25 percent of the
voting shares of Ocean Bankshares, Inc.,
Miami, Florida and indirectly acquire Ocean
Bank of Miami, Miami, Florida.
2/

Chicago

The Citizens State Corporation, Williamsport,
Indiana — for approval to acquire 100
percent of the voting shares of The Citizens
State Bank, Williamsport, Indiana.
2/

Chicago

Wonder
— for
voting
Wonder

2/




Bancorp, Inc., Wonder Lake, Illinois
approval to acquire 100 percent of the
shares of Wonder Lake State Bank,
Lake, Illinois.
2/

Application subject to Community Reinvestment Act.
The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.

H.2, 1987, No. 2

13

APPLICATIONS RECEIVED - Continued
Minneapolis

First State Bank of Miller Profit Sharing
Trust No. 1, Miller, South Dakota — for
approval to acquire 50 percent of the voting
shares of M&H Financial Services, Inc.,
Miller, South Dakota and indirectly First
State Bank of Highmore, Highmore, South
Dakota.
2/

Dallas

International Bancorporation, Inc.,
Brownsville, Texas — for approval to acquire
100 percent of the voting shares of
International Bank, N . A . , Brownsville, Texas.
2

/

Dallas

Kilgore Bancshares, Inc, Troup, Texas — for
approval to acquire 100 percent of the voting
shares of City National Bank of Kilgore,
Kilgore, Texas.
2/

Dallas

Texstar Financial Corporation, Inc., Azle,
Texas — for approval to acquire 99.93
percent of the voting shares of First
National Bank of Azle, Azle, Texas.
2/

* * * * *
To Expand a Bank Holding Company Pursuant to
Section 3(a)(3) of the Bank Holding Company
Act of 1956
Received
Cleveland

Banc One Corporation, Columbus, Ohio — for
approval to acquire 11.9 percent of PTC
Financial Corp., Peru, Indiana and indirectly
The Peru Trust Company, Peru, Indiana.
2/

Atlanta

Capital City Bank Group, Inc., Tallahassee,
Florida — for approval to acquire 100
percent of the voting shares of Gadsden
National Bank, Quincy, Florida, a proposed
new bank.
2/

2/




Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.

H.2, 1987, No. 2

14

APPLICATIONS RECEIVED - Continued
Atlanta

Community Group, Inc. Jasper, Tennessee —
for approval to acquire 100 percent of the
voting shares of Farmers Bank of Lawrence
County, Lawrenceburg, Tennessee.
2/

Chicago

First Wisconsin Corporation, Milwaukee,
Wisconsin — for approval to acquire 100
percent of the voting shares of Du Page
Bancshares, Inc, Glen Ellyn, Illinois and
indirectly Du Page Bank & Trust Company, Glen
Ellyn, Illinois.
2/

Chicago

First Wisconsin Corporation, Milwaukee,
Wisconsin — for approval to acquire 100
percent of the voting shares of Naper
Financial Corporation, Naperville, Illinois,
and indirectly Naper Bank Bolingbrook,
Bolingbrook, Illinois, and Naper Bank, N.A.,
Naperville, Illinois.
2/

St. Louis

First Commercial Corporation, Little Rock and
Northwest Arkansas Bancshares, Inc.,
Bentonville, Arkansas — for approval to
acquire 50 percent of the voting shares of
Security National Bank and Trust Company of
Norman, Norman, Oklahoma
2/

St. Louis

Union Planters Corporation, Memphis,
Tennessee — for approval to acquire at least
90 percent of the voting shares of Merchants
State Holding Company, Humboldt, Tennessee
and indirectly Merchants State Bank,
Humboldt, Tennessee.
2/

Minneapolis

Houston Bancorporation, Inc., St. Paul,
Minnesota — for approval to acquire 100
percent of the voting shares of Citizens
State Bank of Hayfield, Hayfield, Minnesota.
2/

Dallas

TransTexas Bancshares, Inc. Beaumont, Texas
— for approval to acquire 100 percent of the
voting shares of Kirbyville Bancshares, Inc.,
Beaumont, Texas and indirectly Kirbyville
State Bank, Beaumont, Texas.
2/

2/

Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.




H.2, 1987, No. 2

15

APPLICATIONS RECEIVED - Continued
TransTexas Bancshares, Inc., Beaumont, Texas
— for approval to acquire 100 percent of the
voting shares of Newton Bancshares, Inc.,
Beaumont, Texas, and indirectly First
National Bank of Newton, Newton, Texas and
First National Bank of Woodville, Woodville,
Texas.
2/

Dallas

* * * * *
To Expand a Bank Holding Company Pursuant to
Section 3(a)(5) of the Bank Holding
Company Act of 1956
Received
St. Louis

Popular Bluff Bancshares, Inc., Popular
Bluff, Minnesota — for approval to merge
with Mingo Bancshares, Inc., Popular Bluff,
Minnesota and indirectly acquire Puxico State
Bank, Puxico, Minnesota.
2/

Minneapolis

Houston Bancorporation, Inc., St. Paul,
Minnesota — for approval to merge with
Cottage Grove Bancorporation, Inc, St. Paul,
Minnesota and indirectly acquire Minnesota
National Bank of Cottage Grove, Cottage
Grove, Minnesota.
2/

Minneapolis

Houston Bancorporation, Inc., St. Paul,
Minnesota — for approval to merge with
Ladysmith Corporation, St. Paul, Minnesota
and indirectly acquire The Pioneer National
Bank of Ladysmith, Ladysmith, Wisconsin.
2/

2/

Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.




H.2, 1987, No. 2

16

APPLICATIONS RECEIVED - Continued
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 4(c)(8) of the Bank Holding Company
Act of 1956
Received
New York

Manufacturers Hanover Corporation, New York,
New York — for approval to engage through
one or more wholly-owned, direct or indirect
subsidiaries in underwriting, dealing and
acting as placement agent witl! respect to
certain securities eligible for ownership,
but not underwriting or dealing, by national
banks.
2/

Cleveland

Trustcorp, Inc., Toledo, Ohio -- to engage de
novo (tax planning and preparation) through
the Toledo Trust Company, Toledo, Ohio.

(1/9/87)
Cleveland

Trustcorp, Inc., Toledo, Ohio — for approval
to acquire William Fall, Inc., Perrysburg,
Ohio and thereby engage in appraisal
services.

Chicago

Carroll County Bancshares, Inc., Carroll,
Iowa — for approval to acquire Citizens
Insurance Services, Inc, Pocahontas, Iowa and
thereby engage in general insurance
activities.

Chicago

First Illinois Corporation, Evanston,
Illinois — to engage in consumer finance and
credit insurance activities through First
Illinois Finance Company, an Illinois
Corporation, Northbrook, Illinois.

San Francisco

Security Pacific Corporation, Los Angeles,
California — for approval to engage in
brokerage and clearance activities through
two de novo subsidiaries, respectively,
Security Pacific Options Trading Corp., and
Security Pacific Options Services Corp., to
be located in New York City.
2/

2/

Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.