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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1983 No. 3)
Actions of the Board; Applications and Reports
Received During the Week Ending January 15, 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Regulation D amendement* t o implement Congressional
a c t i o n exempting Money Market Deposit Accounts
from the phase-in reserve requirements of the
Monetary Control Act of 1980 (Docket No. R-0446)
Temporary suspension of the Regulation Q penalty f o r
withdrawal of time deposits p r i o r t o maturity from
member banks f o r depositors a f f e c t e d by severe
storms and f l o o d i n g i n the Louisiana parishes of
A l l e n , Beauregard, Calcasieu, Catahoula, Grant,
LaSalle, Natchitoches, Ouachita, Rapides, and Winn;
e f f e c t i v e date: January 11, 1983.
Chicago
F i r s t Trust & Savings Bank of Kankakee, Kankakee,
I l l i n o i s , prepayment of a c a p i t a l note.
San
Francisco
Alaska Bancorporation, Anchorage, Alaska, extension
of time t o December 31, 1984, w i t h i n which t o
divest of c e r t a i n impermissible real estate assets. ]_/
Cleveland
American Bancorporation, M a r i e t t a , Ohio, extension
of time t o December 31, 1983, w i t h i n which to
dispose of property acquired under section 4 ( c ) ( 2 ) ,
i n s a t i s f a c t i o n of a debt previously contracted. J_/
Kansas City
Chartercorp, Kansas C i t y , Missouri, extension of time
t o March 22, 1983, w i t h i n which t o acquire American
National Bank, St. Louis, and City Bank, St. Louis,
Missouri. V
San
Francisco
City National Corporation, Beverly H i l l s , C a l i f o r n i a ,
extension of time t o December 31, 1984, w i t h i n which
t o d i v e s t of c e r t a i n impermissible real estate assets. ]_/
Tf
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 3
- 2 ACTIONS OF THE BOARD - Continued
Atlanta
CNB Capital Corp., Pascagoula, M i s s i s s i p p i , extension
of time t o March 7, 1983, w i t h i n which t o become a
bank holding company through the a c q u i s i t i o n of
Citizens National Bank, Pascagoula, M i s s i s s i p p i . J /
Atlanta
Flagship Banks I n c . , Miami, F l o r i d a , extension of
time t o May 4, 1983, w i t h i n which t o acquire shares
of Flagship National Bank of Citrus County, Crystal
River, F l o r i d a . V
Kansas City
Harper Bancshares, I n c . , Harper, Kansas, extension of
time t o January 27, 1983, w i t h i n which t o acquire
F i r s t National Bank i n Harper, Harper, Kansas. V
Kansas City
I n d u s t r i a l Bancshares, I n c . , Kansas C i t y , Kansas, extension of time t o A p r i l 21, 1983, w i t h i n which t o
acquire Security National Bank, Kansas C i t y , Kansas. J /
Philadelphia
Keystone Heritage Group, I n c . , Lebanon, Pennsylvania,
extension of time t o A p r i l 9, 1983, w i t h i n which t o
become a bank holding company through the a c q u i s i t i o n
of Lebanon Valley National Bank, Lebanon, Pennsylvania. ]_/
Atlanta
Lakeside Bancshares, I n c . , Lake Charles, Louisiana,
extension of time t o A p r i l 22, 1983, w i t h i n which t o
become a bank holding company through the a c q u i s i t i o n
of Lakeside National Bank, Lake Charles, Louisiana. V
Chicago
Malta Bancshares, I n c . , Malta, I l l i n o i s , extension of
time t o March 26, 1983, w i t h i n which t o become a bank
holding company through the a c q u i s i t i o n of 80 percent
or more of the voting shares of The F i r s t National
Bank of Malta, Malta, I l l i n o i s . V
Chicago
Marshall & I l s l e y Corporation, Milwaukee, Wisconsin,
extension of time t o March 9, 1983, w i t h i n which t o
acquire 100 percent of the voting shares of the
successor by merger t o The F i r s t National Bank of
West Bend, West Bend, Wisconsin. J_/
San
Franci sco
Meridian Bancorp, Pleasant H i l l , C a l i f o r n i a , extension
of time t o A p r i l 16, 1983, w i t h i n which t o become a
bank holding company through the merger of Meridian
National Bank w i t h Interim Meridian National Bank,
Pleasant H i l l , C a l i f o r n i a . 1/
T]
~~
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 3
- 3 ACTIONS OF THE BOARD - C o n t i n u e d
Chicago
OWEN FINANCIAL CORPORATION, Spencer, Indiana, extension of time t o March 21, 1983, w i t h i n which
t o become a bank holding company through the
a c q u i s i t i o n of 100 percent of the voting shares
of the successor by merger t o Owen County State
Bank, Spencer, Indiana. J J
Kansas City
Valley View Bancshares, I n c . , Overland Park, Kansas,
extension of time t o A p r i l 21, 1983, w i t h i n which
t o acquire Security National Bank, Kansas C i t y ,
Kansas. ]_/
Atlanta
Wakulla Bancorp, C r a w f o r d v i l l e , F l o r i d a , extension
of time t o A p r i l 1 0 , 1 9 8 3 , w i t h i n which t o become
a bank holding company through the a c q u i s i t i o n of
Wakulla County State Bank, C r a w f o r d v i l l e , F l o r i d a , j y
Chicago
WALDRON FINANCIAL CORPORATION, Waldron, Indiana,
extension of time t o A p r i l 20, 1983, w i t h i n which
t o become a bank holding company through the
a c q u i s i t i o n of 100 percent of the voting shares
of the successor by merger t o The State Bank of
Waldron, Waldron, Indiana. V
Atlanta
Bank of New Orleans and Trust Company, New Orleans,
Louisiana, extension of time t o August 4, 1983,
w i t h i n which t o open i t s branch located on Pydras
Street, y
Chicago
Bank of Reynolds, Reynolds, Indiana, extension of
time t o March 30, 1983, w i t h i n which t o e s t a b l i s h
a branch at 229 North Main Street and a d r i v e - i n
f a c i l i t y at 110 East Marion S t r e e t , both in
Monti c e l l o , Indiana. ]_/
Atlanta
Bank of Gonzales, Gonzales, Louisiana, proposed merger
w i t h Gonzales State Bank, Gonzales, Louisiana; report
t o the Federal Deposit Insurance Corporation on
competitive f a c t o r s . V
Dallas
Capital Bank, Dallas, Texas, proposed merger w i t h
F i r s t Capital Bank, Dallas, Texas; report t o the
Federal Deposit Insurance Corporation on competitive
factors. V
I
TJ
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 3
- 4ACTIONS OF THE BOARD - Continued
Boston
Derbybank, Derby, New Hampshire, proposal t o merge
w i t h Derby Bank & Trust Company, Derby, New Hamps h i r e ; report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . V
Atlanta
E l l i s F i r s t National Bank of Volusia County, De Bary,
F l o r i d a , proposed merger w i t h E l l i s F i r s t National
Bank of Flagler County, Bunnell, F l o r i d a ; report
t o the Comptroller of the Currency on competitive
f a c t o r s . 1/
Atlanta
F i r s t National Bank of Chatsworth, Chatsworth, Georgia,
proposed merger with Chatsworth Interim National
Bank, Chatsworth, Georgia; report t o the Comptroller
of the Currency on competitive f a c t o r s . J /
St. Louis
F i r s t National Bank of Mayfield, M a y f i e l d , Kentucky,
proposal t o merge w i t h Exchange Bank, Mayfield,
Kentucky; report t o the Comptroller of the Currency
on competitive f a c t o r s . J /
Boston
Indian Head National Bank, Nashua, New Hampshire,
proposal t o merge w i t h Indian Head National Bank
of Laconia, Laconia, New Hampshire; report t o the
Comptroller of the Currency on competitive f a c t o r s . ]_/
San
Francisco
Interim Continental National Bank, Fresno, C a l i f o r n i a ,
proposed merger with Continental National Bank, Fresno,
C a l i f o r n i a , under the charter of the former and t i t l e
of the l a t t e r ; report t o the Comptroller of the
Currency on competitive f a c t o r s . !_/
Chicago
Lamoni National Bank, Lamoni, Iowa, proposal t o merge
w i t h State Bank of Lamoni, under the charter and
t i t l e of Lamoni National Bank; report t o the Compt r o l l e r of the Currency on competitive f a c t o r s .
Ri chmond
National Bank of Commerce of Charleston, Charleston,
West V i r g i n i a , proposed merger with Commerce Bank,
National Association, Charleston, West V i r g i n i a ,
a proposed new bank; report t o the Comptroller of
the Currency on competitive f a c t o r s . J /
Atlanta
Ponchartrain State Bank, M e t a i r i e , Louisiana, proposed
merger with Bank of the Parish, M e t a i r i e , Louisiana;
report t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . J /
TJ
~~
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 3
- 5 ACTIONS OF THE BOARD - Continued
Atlanta
State Bank of Como, Como, M i s s i s s i p p i , proposed
merger w i t h Interim Bank of Como, Como, Mississippi
report t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . 1/
Atlanta
T r i - C i t y Bank & Trust Company, B l o u n t v i l i e , Tennessee
proposed merger w i t h Interim T r i - C i t y Bank, Blountvi l i e , Tennessee; report t o the Federal Deposit
Insurance Corporation on competitive f a c t o r s . 1/
New York
W. B. National Bank, Oneonta, New York, proposal t o
consolidate Wilber National Bank, Oneonta, New
York; report t o the Comptroller of the Currency
on competitive f a c t o r s . 1/
17
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 NO. 3
- 6 ACTIONS OF THE BOARD - Continued
Applications and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other Actions Pursuant t o Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4(c)(13)
of the Bank Holding Company Act of 1956, as amended
Dallas
Sixty-Day N o t i f i c a t i o n Period Allowed t o Expire
I n t e r F i r s t Corporation, D a l l a s , Texas: no object i o n t o make an i n i t i a l investment i n I n t e r F i r s t
Dallas Finance N.V., Willemstad, Curacao, Netherlands A n t i l l e s .
*
*
*
*
*
To Merge Pursuant t o Section 18(c) of
the Federal Deposit Insurance Act
Approved
Am-Ba-Co, I n c . , Lake Wales, F l o r i d a , t o merge w i t h
American Bank of Lake Wales, Lake Wales, F l o r i d a .
Atlanta
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant t o Section 9 of the Federal Reserve Act
Approved
Am-Ba-Co, I n c . , Lake Wales, F l o r i d a .
Atlanta
*
*
*
*
*
Issued Intent Not t o Disapprove Change of Control
Pursuant t o Change i n Bank Control Act of 1978
Chicago
Not Disapproved
Corydon Bancorporation, Corydon, Iowa.
Kansas City
A l f a l f a County Bancshares, I n c . , Cherokee, Oklahoma.
H.2, 1983 No. 3
- 7 ACTIONS OF THE BOARD - Continued
To Form a Bank Holding Company Pursuant t o
Section 3(a)(1) of the Bank Holding Company Act of 1956
Cleveland
Approved
Exchange Financial Corporation, Mount S t e r l i n g ,
Kentucky, f o r approval t o acquire at least 80
percent of the v o t i n g shares of The Exchange
Bank of Kentucky, Mount S t e r l i n g , Kentucky. ]_/
Cleveland
Winchester Bancorp, I n c . , Winchester, Kentucky,
f o r approval t o acquire 100 percent of the
voting shares of The Winchester Bank, Winchester,
Kentucky. ]_/
Richmond
F i r s t F i d e l i t y Bancorp, I n c . , Fairmont, West
V i r g i n i a , f o r approval t o acquire 100 percent
of the v o t i n g shares of the successor by merger
t o F i r s t National Bank i n Fairmont, Fairmont,
West V i r g i n i a . V
Atlanta
Central State Bancorporation, Calera, Alabama,
f o r approval t o acquire at least 80 percent of
the voting shares of Central State Bank, Calera,
Alabama. J_/
Atlanta
Cohutta Bancshares, I n c . , Chatsworth, Georgia, f o r
approval t o acquire 100 percent of the voting
shares of Cohutta Banking Company, Chatsworth,
Georgia. 1/
Atlanta
F i r s t National Financial Corporation, Vicksburg,
M i s s i s s i p p i , f o r approval t o acquire 100 percent
of the voting shares of F i r s t National Bank of
Vicksburg, Vicksburg, M i s s i s s i p p i , y
Atlanta
Henry County Bancshares, I n c . , Stockbridge, Georgia,
f o r approval t o acquire 100 percent of the voting
shares of The F i r s t State Bank, Stockbridge,
Georgia, y
Atlanta
T r i - C i t y Bancorp, I n c . , B l o u n t v i l l e , Tennessee,
f o r approval t o acquire 100 percent of the voting
shares of T r i - C i t y Bank and Trust Company, Blountv i l l e , Tennessee. 1/
jy
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 3
ACTIONS OF THE BOARD - Continued
Chicago
F i r s t Peoria Corp., Peoria, I l l i n o i s , f o r approval
t o acquire 100 percent of the voting shares (less
d i r e c t o r s ' q u a l i f y i n g shares) of the successor by
merger t o The F i r s t National Bank of Peoria, Peoria,
I l l i n o i s and F i r s t National Bank of Metamora,
Metamora, I l l i n o i s . 1/
St. Louis
F i r s t Blevins Bancshares, I n c . , Hope, Arkansas, f o r
approval t o acquire at least 80 percent of the
voting shares of Bank of Blevins, Blevins, Arkansas. J_/
St. Louis
Taney County Bancorporation, I n c . , Kansas C i t y , Missouri,
f o r approval t o acquire at least 80 percent of the
voting shares of Security Bank and Trust Company,
Branson, Missouri. J /
Minneapolis
Flathead Holding Company of B i g f o r k , B i g f o r k , Montana,
f o r approval t o acquire at l e a s t 84.2 percent of the
voting shares of Flathead Bank of B i g f o r k , B i g f o r k ,
Montana. ]_/
Kansas City
C. J. Bancshares, I n c . , Carl Junction, Missouri, f o r
approval t o acquire at least 90.17 percent of the
voting shares of Citizens Bank of Carl Junction,
Carl Junction, Missouri. 1/
Kansas City
Farmers State Investment, Co., Dodge, Nebraska, f o r
approval t o acquire at least 89.59 percent of the
voting shares of Farmers State Bank, Dodge, Nebraska. ]_/
Kansas City
Holly Bankshares, I n c . , H o l l y , Colorado, f o r approval
t o acquire 100 percent of the voting shares of F i r s t
Bank & T r u s t , H o l l y , Colorado. 1/
Kansas City
I n t e r s t a t e Financial Corporation, Edmond, Oklahoma, f o r
approval t o acquire at l e a s t 80.05 percent of the
voting shares of F i r s t I n t e r s t a t e Bank and Trust Company, Edmond, Oklahoma. 1/
Kansas City
Pembroke Bancshares, I n c . , Kansas C i t y , Missouri, f o r
approval t o acquire at l e a s t 66.67 percent of the
voting shares of Civic Plaza National Bank of Kansas
C i t y , Kansas C i t y , Missouri. 1/
Dallas
A & K Bancshares, I n c . , Roby, Texas, f o r approval t o
acquire 80 percent or more of the voting shares of
Citizens State Bank, Roby, Texas. 1/
T7
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 3
- 9 ACTIONS OF THE BOARD - Continued
Dallas
Lamar Bancshares, I n c . , Beaumont, Texas, f o r approval
t o acquire 80 percent or more of the voting shares
of Lamar State Bank, Beaumont, Texas. ]_/
Dallas
Quadco Bancshares, I n c . , Ladonia, Texas, f o r approval
t o acquire 80 percent or more of the voting shares
of Farmers and Merchants State Bank, Ladonia, Texas. ]_/
Dallas
Sobank, I n c . , T y l e r , Texas, f o r approval t o acquire
100 percent of the voting shares of Southside State
Bank, T y l e r , Texas. 1/
Dallas
Woodville Bancshares, I n c . , Woodville, Texas, f o r
approval t o acquire at least 80 percent or more of
the voting shares of Citizens State Bank, Woodville,
Texas. ]_/
San
Francisco
T r i - V a l l e y Bancorp, Dublin, C a l i f o r n i a , f o r approval
t o acquire 100 percent of the voting shares of T r i Val ley National Bank, Dublin, 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 the Bank Holding Company Act of 1956
Cleveland
Approved
Banc One Corporation, Columbus, Ohio, f o r approval
t o acquire 100 percent of the voting shares of
Tower National Bank of Lima, Lima, Ohio. J_/
Atlanta
Brannen Banks of F l o r i d a , I n c . , Dunnellon, F l o r i d a ,
f o r approval t o acquire 100 percent of the voting
shares of the Bank of Inverness, Inverness, F l o r i d a ,
Crystal River Bank, Crystal River, Florida and
Homosassa Springs Bank, Homosassa Springs, F l o r i d a . ]_/
Chicago
F i r s t Community Bancorp, I n c . , Rockford, I l l i n o i s , f o r
approval t o acquire at least 80 percent of the voting
shares of The Guaranty National Bank of Rockford,
Rockford, I l l i n o i s . 1/
T7
~~
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 N0. 3
-10ACTIONS OF THE BOARD - Continued
Chicago
Middle States Bancorporation, I n c . , East Moline, I l l i n o i s ,
f o r approval t o acquire an a d d i t i o n a l 14.995 percent of
the voting shares of Colona Avenue State Bank, East
Moline, I l l i n o i s . y
Chicago
Quad C i t i e s F i r s t Company, Rock Island, I l l i n o i s , f o r
approval t o acquire at least 50 percent of the voting
shares of Midwest National Bank of Moline, Moline,
Illinois. V
Chicago
STEEL CITY BANCORPORATION, INC., Chicago, I l l i n o i s , f o r
approval t o acquire at least 80 percent of the voting
shares of Tinley Park Bank, Tinley Park, I l l i n o i s . ]_/
Kansas City
Arkansas Valley Banc Shares, I n c . , Hutchinson, Kansas,
f o r approval t o acquire 20.06 percent each of the
voting shares of Valley Bancorp., I n c . , Syracuse,
Kansas and i n d i r e c t l y acquire The Valley State Bank,
Syracuse, Kansas.
Kansas City
F i r s t Wyoming Bancorporation, Cheyenne, Wyoming, f o r
approval t o acquire 100 percent of the voting shares
of the successor by merger t o State Bank of Big
Piney, Big Piney, Wyoming. ]_/
Kansas City
Northwest Kansas Banc Shares, I n c . , Hutchinson, Kansas,
f o r approval t o acquire 20.06 percent of the
voting shares of Valley Bancorp., I n c . , Syracuse,
Kansas and i n d i r e c t l y acquire The Valley State Bank,
Syracuse, Kansas.
Kansas City
Santa Fe T r a i l Banc Shares, I n c . , Hutchinson, Kansas,
f o r approval t o acquire 20.06 percent of the
voting shares of Valley Bancorp., I n c . , Syracuse,
Kansas and i n d i r e c t l y acquire The Valley State
Bank, Syracuse, Kansas.
Kansas City
Southwest Kansas Banc Shares, I n c . , Hutchinson, Kansas,
f o r approval t o acquire 20.06 percent of the
voting shares of Valley Bancorp., I n c . , Syracuse,
Kansas and i n d i r e c t l y acquire The Valley State Bank,
Syracuse, Kansas.
Dallas
Mercantile Texas Corporation, Dallas, Texas, f o r
approval t o acquire 100 percent of the voting shares
of Exposition Bank, N.A., San Antonio, Texas, a
proposed new bank, y
jV
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 3
-
11
-
ACTIONS OF THE BOARD - Continued
Dallas
United Bankers, I n c . , Waco, Texas, for approval to
acquire at least 61.84 percent of the voting shares
of Marl in Bancshares, I n c . , Marl i n , Texas and i n d i r e c t l y acquire First State Bank of Marl i n ,
Marl i n , Texas. J /
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
Dallas
Boston
Boston
T7
3/
Reactivated
First City Financial Corporation, Albuquerque, New
Mexico, notification of intent to engage in
ri? novo a c t i v i t i e s (to engage in insurance
a c t i v i t i e s by acting as agent for the sale of
l i f e , accident and health insurance directly
related to i t s extensions of c r e d i t ) at 2155
Louisiana, NE, Albuquerque, New Mexico; 200
East Broadway, Hobbs, New Mexico; 101 West
Greene, Carlsbad, New Mexico; 1141 Mechem Drive,
Ruidoso, New Mexico; 209 S, Main Street, Lovington,
New Mexico; and 1901 N. Main Street, Roswell, New
Mexico, through i t s subsidiary, First City Mortgage
Company (1/14/83) 2/
Permitted
Fleet Financial Group, I n c . , Providence, Rhode,
Island, n o t i f i c a t i o n of intent to engage in
de novo a c t i v i t i e s (in consumer finance and
insurance agency a c t i v i t i e s involving the sale
of credit l i f e and credit accident and health
insurance directly related to an extension of
c r e d i t ) at 6825 East Tennessee Avenue, Denver,
Colorado, serving the State of Colorado, through
i t s indirect subsidiary, Mortgage Associates,
Inc. (1/12/83) 3/
Fleet Financial Group, I n c . , Providence, Rhode
Island, notification of intent to engage in
de novo a c t i v i t i e s (in consumer finance a c t i v i t i e s )
at 5350 South Western Avenue, Oklahoma City,
Oklahoma, serving the State of Oklahoma, through
i t s indirect subsidiary, Mortgage Associates,
Inc. (1/12/83) 3/
Application processed on behalf of the Board of Governors under
delegated authority.
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1983 No. 3
- 12 ACTIONS OF THE BOARD - Continued
Boston
Fleet Financial Group, I n c . , Providence, Rhode
Island, notification of intent to engage in
de novo a c t i v i t i e s (in consumer finance and
insurance agency a c t i v i t i e s involving the sale
of credit l i f e and credit accident and health
insurance directly related to an extension of
c r e d i t ) at 3127 West Spencer Street, Appleton,
Wisconsin, serving northeastern and central
Wisconsin, through i t s indirect subsidiary,
Mortgage Associates, Inc. (1/12/83)
New York
The Bank of New York Company, I n c . , New York,
New York, requests permission to establish
three de novo offices engaging in the following
a c t i v i t i e s (making loans secured by f i r s t and
second mortgages on real estate consisting
of one-to-four family residential properties)
at 7301 Topanga Canyon Boulevard, Conaga Park,
California, with a primary service area of the
San Fernando Valley, being portions of Los
Angeles and Ventura Counties, California;
2045 Springs Road, Vallejo, California, with
a primary service area of Solano, Sonoma,
Martin, Napa and Contra Costa Counties, California,
and 408 S. Main Street, Salinas, California,
with a primary service area of Monterey, Santa
Cruz and San Benito Counties, California, through
i t s subsidiary, ARCS Mortgage, Inc. (1/9/83) 3/
New York
Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, requests permission to establish a de novo o f f i c e engaging
in the following a c t i v i t i e s ( ( i ) making direct
consumer loans including loans secured by real
estate, and purchasing sales finance contracts
representing extensions of credit such as would
be made or acquired by a consumer finance company,
and wholesale financing [ f l o o r planning] and
( i i ) acting as agent for the sale of related
credit l i f e , credit accident and health and
credit property insurance; credit l i f e and
credit accident and health insurance sold as
agent may be underwritten or reinsured by BarclaysAmericanCorporation's insurance underwriting subsidiaries) at 3300 West Esplanade, Suite 101,
TJ
4 ( c ) ( 8 ) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1983 No. 3
_ 1 3 _
ACTIONS OF THE BOARD - Continued
M e t a l r i e , Louisiana, serving customers i n M e t a i r i e
and surrounding areas i n Louisiana, through t h e i r
s u b s i d i a r y , Bare!aysAmerican/Financial, Inc.
(1/13/83) 3/
New York
3/
~~
C i t i c o r p , New York, New York, requests permission
t o e s t a b l i s h a de novo o f f i c e of i t s s u b s i d i a r y ,
C i t i c o r p Homeowners, Inc. ( " C H I " ) , and t o establ i s h a de novo s u b s i d i a r y , C i t i c o r p Person-toPerson TThancial Center, I n c . , ("CPFC"), at the
same l o c a t i o n ; the a c t i v i t i e s i n which the CHI
o f f i c e proposes t o engage are (making or acquiring
of loans and other extensions of c r e d i t , secured
or unsecured, f o r consumer and other purposes;
the sale of c r e d i t - r e l a t e d l i f e and accident and
health or decreasing or level [ i n the case of s i n g l e
payment l o a n s ] term l i f e insurance by licensed
agents or brokers, as required; the sale of consumer oriented f i n a n c i a l management courses; the
s e r v i c i n g , f o r any person of loans and other extensions of c r e d i t ; the making, a c q u i r i n g , and
s e r v i c i n g , f o r i t s own account and f o r the account
of o t h e r s , of extensions of c r e d i t to i n d i v i d u a l s
secured by l i e n s on r e s i d e n t i a l or non-residential
real e s t a t e ; and the sale of mortgage l i f e and
mortgage d i s a b i l i t y insurance d i r e c t l y related t o
extensions of mortgage loans; the proposed service
area f o r the de novo o f f i c e of CHI shall be comprised of the e n t i r e State of Minnesota f o r a l l
the aforementioned proposed a c t i v i t i e s ; the de novo
subsidiary proposes t o engage i n operating as an
i n d u s t r i a l loan company i n the manner authorized
by Minnesota law, i n c l u d i n g the f o l l o w i n g a c t i v i t i e s :
the making or acquiring of loans and other extensions
of c r e d i t , secured or unsecured, f o r consumer and
other purposes; the sale of c r e d i t - r e l a t e d l i f e and
accident and health or decreasing or level [ i n the
case of s i n g l e payment loans] term l i f e insurance
by licensed agents or brokers, as r e q u i r e d ; the
issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook
c e r t i f i c a t e s ; the sale of consumer oriented f i n a n c i a l
management courses: the s e r v i c i n g , f o r any person,
of loans and other extensions of c r e d i t ; the making,
a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and
f o r the account of o t h e r s , of extensions of c r e d i t
t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 N0. 3
-14ACTIONS OF THE BOARD - Continued
n o n - r e s i d e n t i a l real e s t a t e ; and the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y r e l a t e d t o extensions of mortgage loans;
the proposed service area f o r the de novo subsidiary
s h a l l be comprised of the e n t i r e State of Minnesota
f o r a l l the aforementioned proposed a c t i v i t i e s ;
c r e d i t - r e l a t e d l i f e , accident, and health insurance
may be w r i t t e n by Family Guardian L i f e Insurance
Company, an a f f i l i a t e of CPFC and CHI) at Westbrook
Mall Shopping Center, 5605 Xerxes Avenue North,
Brooklyn Center, Minnesota, through i t s s u b s i d i a r y ,
CPFC and CHI (1/13/83) 3/
New York
IT/
C i t i c o r p , New York, New York, requests permission
t o e s t a b l i s h three de novo o f f i c e s of i t s subs i d i a r y , C i t i c o r p Homeowners, Inc. ( " C H I " ) , and
t o expand the a c t i v i t i e s of three e x i s t i n g
o f f i c e s of i t s s u b s i d i a r y , C i t i c o r p Person-toPerson Financial Center, I n c . , ("CPFC"), at
the same l o c a t i o n s ; the de novo o f f i c e s of CHI
propose t o engage i n the~Tollowing a c t i v i t i e s
(the making or acquiring of loans and other
extensions of c r e d i t , secured or unsecured,
f o r consumer and other purposes; the sale of
c r e d i t - r e l a t e d l i f e and accident and health or
decreasing or level [ i n the case of s i n g l e payment loans] term l i f e insurance by licensed
agents or brokers, as required; the sale of
consumer oriented f i n a n c i a l management courses;
the s e r v i c i n g , f o r any person, of loans and
other extensions of c r e d i t ; the making, a c q u i r i n g ,
and s e r v i c i n g , f o r i t s own account and f o r the
account of others, of extensions of c r e d i t t o
i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or
non-residential real e s t a t e ; and the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y related t o extensions of mortgage
loans; the proposed service area f o r each of
the de novo o f f i c e s of CHI shall be comprised
of tRe e n t i r e State of C a l i f o r n i a f o r a l l the
aforementioned proposed a c t i v i t i e s ; the new
a c t i v i t i e s i n which the o f f i c e s of CPFC propose
t o engage de novo are: the making, a c q u i r i n g ,
and s e r v i c i n g , f o r i t s own account and f o r the
account of others, of extensions of c r e d i t t o
i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 No. 3
-15 ACTIONS OF THE BOARD - Continued
n o n - r e s i d e n t i a l real e s t a t e ; and the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y r e l a t e d t o extensions of mortgage loans,
the proposed service area f o r each o f f i c e of
CPFC f o r the aforementioned proposed a c t i v i t i e s
s h a l l be comprised of the e n t i r e State of C a l i f o r n i a ; c r e d i t - r e l a t e d l i f e , accident, and
health insurance may be underwritten by Family
Guardian L i f e Insurance Company, an a f f i l i a t e
of CPFC and CHI) at 362 West Mission Avenue,
Escondido; 434 Fletcher Parkway, El Cajon; and
1400 Camino De La Reina, San Diego, a l l in
C a l i f o r n i a , through i t s s u b s i d i a r i e s , CHI
and CPFC (1/13/83) 3/
New York
~T/
C i t i c o r p , New York, New York, requests permission
t o expand t h e a c t i v i t i e s and service area of an
e x i s t i n g o f f i c e t o include the f o l l o w i n g a c t i v i t i e s
(the sale of c r e d i t - r e l a t e d l i f e and accident and
health or decreasing or level [ i n the case of
s i n g l e payment loans] term l i f e insurance by
licensed agents or brokers, as required; the
making of loans t o i n d i v i d u a l s and businesses t o
finance the purchase of mobile homes, modular u n i t s
or r e l a t e d manufactured housing together with the
real property t o which such housing i s or w i l l be
permanently a f f i x e d , such property being used as
s e c u r i t y f o r the loans; and the s e r v i c i n g , f o r
any person, of loans and other extensions of
c r e d i t ; i n a d d i t i o n , the o f f i c e proposes t o broaden
i t s previously approved a c t i v i t i e s of the extension
of loans t o mobile home dealers f o r the financing
of inventory [ f l o o r p l a n n i n g ] and working c a p i t a l
purposes and the purchasing and s e r v i c i n g f o r
i t s own account of sales finance contracts r e l a t i n g t o the mobile homes, t o engage i n such
a c t i v i t i e s w i t h regard t o a l l types of dealers
and a l l types of consumer installment paper;
the proposed service area, f o r a l l previously
approved and proposed a c t i v i t i e s , shall be
comprised of the e n t i r e States of Minnesota,
Wisconsin and Wyoming; c r e d i t - r e l a t e d l i f e ,
accident, and health insurance may be w r i t t e n
by Family Guardian L i f e Insurance Company, an
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 No. 3
- 16 ACTIONS OF THE BOARD - Continued
a f f i l i a t e of C i t i c o r p Acceptance Company, I n c . )
at 1700 W. Highway 36, Rosedale Towers, Suite
630, R o s e v i l l e , Minnesota, through i t s s u b s i d i a r y ,
C i t i c o r p Acceptance Company, Inc. (1/13/83) 3/
New York
C i t i c o r p , New York, New York, requests permission t o
expand the service area of an e x i s t i n g o f f i c e
engaging i n the f o l l o w i n g a c t i v i t i e s (the service
area s h a l l be expanded t o include the States of
Indiana and Michigan, i n a d d i t i o n t o the previously
approved service area of I l l i n o i s , Iowa, Minnesota
and Wisconsin, f o r the f o l l o w i n g previously approved
a c t i v i t i e s : the making or acquiring of loans and
other extensions of c r e d i t , secured or unsecured,
f o r consumer and other purposes; the extension of
loans t o dealers f o r the financing of inventory
[ f l o o r planning] and working c a p i t a l purposes;
the purchasing and s e r v i c i n g f o r i t s own account
of sales finance c o n t r a c t s ; the sale of c r e d i t r e l a t e d l i f e and accident and health or decreasing
or level [ i n the case of s i n g l e payment loans]
term l i f e insurance by licensed agents or brokers,
as r e q u i r e d ; and the s e r v i c i n g , f o r any person,
of loans and other extensions of c r e d i t ; c r e d i t r e l a t e d l i f e , accident and health insurance may
be w r i t t e n by Family Guardian L i f e Insurance
Company, an a f f i l i a t e of C i t i c o r p Acceptance Company, I n c . ) at 999 Plaza Drive, Woodfield Plaza,
Suite 520, Schaumberg, I l l i n o i s , through i t s subs i d i a r y , C i t i c o r p Acceptance Company, Inc. (1/13/83) 3/
New York
Manufacturers Hanover Corporation, New York, New
York, request permission t o e s t a b l i s h a de novo
o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s
(making, a c q u i r i n g , and s e r v i c i n g marine loans
and other extensions of c r e d i t such as could be
made, acquired, or serviced by a finance company
under State and Federal law) at Route #1 and
Old Lincoln Highway, Trevose, Pennsylvania,
serving the e n t i r e United States and Puerto Rico,
through i t s s u b s i d i a r y , Finance One Marine, Inc.
(1/14/83) 3/
Chicago
The Marine Corporation, Milwaukee, Wisconsin, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s
( t o operate a t r u s t service o f f i c e and t o develop
and administer new f i d u c i a r y r e l a t i o n s h i p [ t r u s t
3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983N0. 3
-17ACTIONS OF THE BOARD - Continued
accounts] of a l l types) at The F i r s t State Bank
of New London, 113 N. Water S t r e e t , New London,
Wisconsin, serving Waupaca County and western
Outagamie County, Wisconsin, through i t s s u b s i d i a r y ,
The Marine Trust Company, N.A. (1/10/83) 3/
Dallas
F i r s t C i t y Financial Corporation, Albuquerque, New
Mexico, n o t i f i c a t i o n of i n t e n t t o engage i n
de novo a c t i v i t i e s ( t o engage i n insurance
a c t i v i t i e s by acting as agent f o r the sale of
l i f e , accident and health insurance d i r e c t l y
r e l a t e d t o i t s extensions of c r e d i t ) at
2155 Louisiana, NE, Albuquerque, New Mexico;
200 East Broadway, Hobbs, New Mexico; 101
West Greene, Carlsbad, New Mexico; 1141
Mechem Drive, Ruidoso, New Mexico; 209 S. Main
S t r e e t , Lovington, New Mexico; and 1901 N. Main
S t r e e t , Roswell, New Mexico, through i t s subs i d i a r y , F i r s t City Mortgage Company (1/14/83) 3/
Dallas
Texas Commerce Bancshares, I n c . , Houston, Texas,
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 (performing a c t i v i t i e s t h a t may
be l a w f u l l y c a r r i e d on by a t r u s t company, i n
the manner authorized by Federal and New York
law, i n c l u d i n g serving as t r u s t e e , providing
stock t r a n s f e r and r e g i s t r a r a c t i v i t i e s and
providing agency and custodial services) at
Suite 2700, 80 Broad S t r e e t , New York, New York,
through a subsidiary known as Texas Commerce
Trust Company of New York (1/10/83) 3/
San
Francisco
Rainier Bancorporation, S e a t t l e , Washington, requests
permission t o e s t a b l i s h de novo o f f i c e s engaging
i n the f o l l o w i n g a c t i v i t i e s (general mortgage banking
i n c l u d i n g , but not l i m i t e d t o , 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 others,
loans and other extensions of c r e d i t secured by
l i e n s on r e s i d e n t i a l and n o n - r e s i d e n t i a l real
e s t a t e ; s e r v i c i n g loans and other extensions of
c r e d i t f o r any person; s e l l i n g mortgage loans i n
the secondary market and o f f e r i n g mortgage term
l i f e insurance, accident, health and d i s a b i l i t y
insurance d i r e c t l y r e l a t e d t o such lending and
s e r v i c i n g a c t i v i t i e s and c r e d i t - r e l a t e d property
and casualty insurance) i n Cupertino, Santa Maria
and San Diego, C a l i f o r n i a , serving the State of
37
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983N0. 3
-18ACTIONS OF THE BOARD - Continued
C a l i f o r n i a , Tuscon, Arizona, serving the State of
Arizona, except t h a t property and casualty
insurance a c t i v i t i e s w i l l be l i m i t e d t o C a l i f o r n i a ,
through i t s s u b s i d i a r y , Rainier Mortgage Company
(7/10/83)3/
San
Francisco
Security P a c i f i c Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo
a c t i v i t i e s ( i n acting as agent n e g o t i a t i n g the
purchase and sale of r e s i d e n t i a l mortgages on
behalf of Security P a c i f i c Mortgage Corporation)
at 2460 West 26th Avenue, Denver, Colorado; 1975
Century Boulevard, Suite 17, A t l a n t a , Georgia;
and 16400 South Center Parkway, Suite 300, S e a t t l e ,
Washington, through i t s s u b s i d i a r y , Security
P a c i f i c Mortgage Services, Inc. (1/10/83) 3/
San
Francisco
Wells Fargo & Company, San Francisco, 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 ( u n d e r w r i t i n g , as 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 d i s a b i l i t y insurance which is
d i r e c t l y r e l a t e d t o extensions of c r e d i t by the
c r e d i t extending a f f i l i a t e s of Wells Fargo &
Company t o include the u n d e r w r i t i n g , as r e i n s u r e r ,
of such c r e d i t insurance d i r e c t l y r e l a t e d to
such c r e d i t extensions i n Maryland) at 1421 East
Thomas Road, Phoenix, Arizona, through i t s subs i d i a r y , Central Western Insurance Company
(1/14/83) 3/
San
Franci sco
Wells Fargo & Company, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo
a c t i v i t i e s (making or acquiring f o r i t s own
account or f o r the account of others loans and
other extensions of c r e d i t ; s e r v i c i n g loans f o r
the account of o t h e r s ; making f u l l pay-out leases
of personal or real property or acting as an agent,
broker or advisor i n leasing such property i n
accordance w i t h the Board's Regulation Y) i n San
Francisco, C a l i f o r n i a , serving commercial borrowers
throughout the United States and abroad, through
i t s s u b s i d i a r y , Wells Fargo Capital Corporation
(1/15/83) 3/
3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 No. 3
- 19 APPLICATIONS RECEIVED
Applications and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other Actions Pursuant t o Sections
25 and 25(a) of the Federal Reserve Act and Sections
4 ( c ) ( 9 ) and 4(c)(13) of the Bank Holding Company
Act of 1956, as amended
New York
Manufacturers Hanover I n t e r n a t i o n a l Finance Corp o r a t i o n , New York, New York: 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 make, i n d i r e c t l y through i t s
wholly owned s u b s i d i a r y , Manufacturers Hanover
I n t e r n a t i o n a l Holdings Corporation, Dover,
Delaware, an a d d i t i o n a l investment i n Manufacturers
Hanover Property Services A.G., Glarus, Switzerland.
* * * * *
To Form a Bank Holding Company Pursuant t o Section
3(a)(1) of the Bank Holding Company Act of 1956
New York
Banco de Vizcaya, S.A., Bilbao, Spain, f o r approval
t o acquire at least 68 percent of the voting shares
of Banco Comercial de Mayaquez, Mayaquez, Puerto
Rico. 2/
New York
Broadway Financial Corporation, Paterson, New Jersey,
for approval t o acquire 100 percent of the voting
shares of Broadway Bank & Trust Company, Paterson,
New Jersey. 2/
Richmond
Washington Bancorporation, Washington, D. C., f o r
approval t o acquire 100 percent of the voting
shares of The National Bank of Washington, Washington,
D. C. 2/
Atlanta
CBA Bancshares, I n c . , Americus, Georgia, f o r approval
t o acquire 100 percent of the voting shares of Citizens
Bank of Americus, Americus, Georgia. 2/
Atlanta
F i r s t Bancorporation of Geraldine, I n c . , Geraldine,
Alabama, f o r approval t o acqui re at least 80 percent
of the voting shares of Bank of Geraldine, Geraldine,
Alabama. 2/
2]
A p p l i c a t i o n subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
H.2, 1983 No. 3
-
20
-
APPLICATIONS RECEIVED - Continued
Atlanta
Sunset Financial Corporation, Miami, F l o r i d a , f o r
approval t o acquire at least 80 percent of the
voting shares of Sunset Commercial Bank, Miami,
F l o r i d a . If
Atlanta
Wayne County Bancshares, I n c . , Waynesboro, Tennessee,
f o r approval t o acquire at least 80 percent or more
of the voting shares of Wayne County Bank, Waynesboro, Tennessee. 2/
Chicago
F i r s t S t e r l i n g Bancorp., I n c . , Moline, I l l i n o i s , f o r
approval t o acquire at least 80 percent or more of
the voting shares of F i r s t National Bank of S t e r l i n g ,
S t e r l i n g , I l l i n o i s . 2/
Chicago
SSB Bancshares, I n c . , Marshal Itown, Iowa, f o r approval
t o acquire 100 percent of the voting shares of the
successor by merger t o Security Savings Bank,
Marshal 1town, Iowa. 2/
St. Louis
Central Arkansas Bancshares, I n c . , Malvern, Arkansas,
f o r approval t o acquire at least 80 percent of the
voting shares of Bank of Malvern, Malvern, Arkansas. 2/
St. Louis
F i r s t State Bancorp., I n c . , C a r u t h e r s v i l l e , Missouri,
f o r approval t o acquire at least 80 percent of the
voting shares of F i r s t State Bank of C a r u t h e r s v i l l e ,
C a r u t h e r s v i l l e , Missouri. 2/
St. Louis
Golden Oaks Bancshares I n c . , Waldo, Arkansas, f o r approval
t o acquire at least 80 percent or more of the voting
shares of Peoples Bank, Waldo, Arkansas. 2/
Minneapolis
Choteau Bancorporation, I n c . , Choteau, Montana, f o r
approval t o acquire at least 87.2 percent of the voting
shares of The C i t i z e n ' s State Bank of Choteau, Choteau,
Montana. 2/
Minneapolis
Claremont Bancshares, I n c . , Claremont, Minnesota, f o r
approval t o acquire at least 82.94 percent of the
voting shares of Security State Bank of Claremont,
Claremont, Minnesota. 2/
Kansas City
Bern Bancshares, I n c . , Bern, Kansas, f o r approval t o
acquire at least 80 percent of the voting shares of
The State Bank of Bern, Bern, Kansas. 2/
~2j A p p l i c a t i o n subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
H.2, 1983 No. 3
- 21 APPLICATIONS RECEIVED - Continued
Kansas C i t y
Cedar Rapids State Company, Cedar Rapids, Nebraska,
f o r approval t o acquire 100 percent of the v o t i n g
shares of Cedar Rapids State Bank, Cedar Rapids,
Nebraska. 2)
Dallas
Gaines Bancshares, I n c . , Seminole, Texas, f o r approval
t o acquire at l e a s t 80 percent of the v o t i n g shares
of F i r s t National Bank, Seminole, Texas. 2/
San
Francisco
S e c u r i t y Bank Holding Company, M y r t l e P o i n t , Oregon,
f o r approval t o acquire 100 percent of the v o t i n g
shares o f Security Bank of Coos County, Myrtle
P o i n t , Oregon. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
3 ( a ) ( 3 ) o f t h e Bank Holding Company Act of 1956
Atlanta
America C o r p o r a t i o n , Morgan C i t y , Louisiana, f o r
approval t o acquire 100 percent of the v o t i n g
shares of America Bank i n L o u i s i a n a , Morgan
C i t y , Louisiana. 2/
Minneapolis
Rice Lake Bancorp., I n c . , Rice Lake, Wisconsin, f o r
approval t o acquire at l e a s t 80 percent of the v o t i n g
shares of C i t i z e n s State Bank, Birchwood, Wisconsin. 2/
San
Francisco
Orange Bancorp, Fountain V a l l e y , C a l i f o r n i a , f o r approval
t o acquire at l e a s t 51 percent of the v o t i n g shares of
The Bank of Northern C a l i f o r n i a , San J o s e , C a l i f o r n i a ,
a proposed new bank. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
3 ( a ) ( 5 ) o f t h e Bank Holding Company Act of 1956
Chicago
United Banks of Wisconsin, I n c . , Madison, Wisconsin,
f o r approval t o merge w i t h Independent Bankshares,
I n c . , Madison, Wisconsin, and i n d i r e c t l y acquire
86.9 percent of the v o t i n g shares of Lake C i t y
Bank, Madison, Wisconsin. 2/
~2J A p p l i c a t i o n subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted
as t o the length of the comment p e r i o d .
H.2, 1983 No. 3
- 2 2 -
APPLiCATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant t o Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
New York
Broadway Financial Corporation, Paterson, New Jersey,
f o r approval t o engage i n d i r e c t l y , through Broadway
Premium-Computer Service Center, I n c . , New York,
New York, i n the s o l i c i t a t i o n of extensions of
c r e d i t by Broadway Bank & T r u s t Company, Paterson,
New Jersey f o r f i n a n c i n g casualty insurance
(insurance premium f u n d i n g ) .
New York
Chemical New York Corporation, New York, New York,
requests permission t o r e l o c a t e an e x i s t i n g o f f i c e
engaging i n the f o l l o w i n g a c t i v i t i e s (making or
a c q u i r i n g loans and other extensions of c r e d i t t o
businesses i n c l u d i n g , but not l i m i t e d t o , inventory
f i n a n c i n g ; making or a c q u i r i n g extensions of c r e d i t
secured by personal property lease c o n t r a c t s ;
making a v a i l a b l e t o i t s debtors c r e d i t l i f e , c r e d i t
accident and h e a l t h , mortgage l i f e , mortgage d i s a b i l i t y ,
and property and casualty insurance, a l l d i r e c t l y
r e l a t e d t o such extensions of c r e d i t ) from 10641 North
28th D r i v e , Phoenix, Arizona t o 1225 West Baseline
Road, Mesa, Arizona, through i t s s u b s i d i a r y , Sunamerica Financial Corporation (1/10/83)
Richmond
Dominion Bankshares Corporation, Roanoke, V i r g i n i a ,
n o t i f i c a t i o n of i n t e n t t o relocate de novo a c t i v i t i e s
(mortgage banking a c t i v i t i e s of o r i g i n a t i n g resident i a l , commercial, i n d u s t r i a l , and c o n s t r u c t i o n loans
f o r i t s own account and f o r sale t o o t h e r s , s e r v i c i n g
such loans f o r o t h e r s , and engaging i n the sale of
c r e d i t l i f e insurance and c r e d i t accident and health
insurance; and, t o continue t o engage through i t s
s u b s i d i a r y , Dominion Bankshares Services, I n c . , i n
a c t i n g as insurance agent or broker w i t h respect t o
c r e d i t l i f e insurance and c r e d i t accident and
health insurance r e l a t e d t o or a r i s i n g out of loans
made or c r e d i t t r a n s a c t i o n s i n v o l v i n g Dominion Bankshares Mortgage Corporation) from Suite 300, Belle
Meade O f f i c e Park, 4515 Harding Road, N a s h v i l l e ,
Tennessee t o Continental P l a z a , S u i t e 333, 4301
H i l l s b o r o Road, N a s h v i l l e , Tennessee, through i t s
s u b s i d i a r y , Dominion Mortgage Corporation (1/13/83)
H.2, 1983 No. 3
-23APPLICATIONS RECEIVED - Continued
Richmond
F i r s t Maryland Bancorp, Baltimore, Maryland, n o t i f i c a t i o n
of i n t e n t t o expand the reinsurance underwriting
a c t i v i t i e s of i t s s u b s i d i a r y , F i r s t Maryland L i f e
Insurance Company, t o include c r e d i t l i f e and c r e d i t
d i s a b i l i t y insurance sold i n connection w i t h extensions
of c r e d i t by the holding company's subsidiaries in
Delaware (1/14/83)
Chicago
American Fletcher Corporation, I n d i a n a p o l i s , Indiana,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s
(making or a c q u i r i n g loans or other extensions of
c r e d i t f o r personal, family or household purposes,
i n c l u d i n g loans secured by home e q u i t i e s , purchasing
consumer i n s t a l l m e n t sales finance contracts and
a c t i n g as agent w i t h respect t o c r e d i t l i f e and
d i s a b i l i t y insurance on borrowing customers and
insurance on property taken as c o l l a t e r a l f o r such
loans and c o n t r a c t s ) at 2617 North Sixth S t r e e t ,
Vincennes, Indiana; the geographic area t o be
served w i l l be Knox County, Indiana, through i t s
wholly-owned s u b s i d i a r y , American Fletcher Financial
Services, Inc. (1/4/83)
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of i n t e n t t o relocate i n de novo a c t i v i t i e s
( i n the a c t i v i t i e s of consumer and commercial finance,
and the sale of c r e d i t - r e l a t e d insurance including
c r e d i t - a c c i d e n t and h e a l t h , c r e d i t - l i f e , and property
and c r e d i t - r e l a t e d casualty insurance related t o
extensions of c r e d i t by Dial Finance Company of
C a l i f o r n i a [such sale of c r e d i t - r e l a t e d insurance
being permissible a c t i v i t y under Subparagraph D of
t i t l e VI of the Gam-St. Germain Depository I n s t i t u t i o n s Act of 1982]) from 3686 Santa Barbara Avenue,
Broadway, Crenshaw Center, Los Angeles, C a l i f o r n i a
t o 3815 Culver Center S t r e e t , Culver C i t y , C a l i f o r n i a ,
serving Culver C i t y , C a l i f o r n i a , other nearby suburbs
of Los Angeles, C a l i f o r n i a , and Los Angeles, C a l i f o r n i a ,
through i t s s u b s i d i a r y , Dial Finance Company of
C a l i f o r n i a (1/11/83)
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of i n t e n t t o relocate de novo a c t i v i t i e s
( i n the a c t i v i t i e s of consumer and commercial finance,
and the sale of c r e d i t - r e l a t e d insurance including
c r e d i t - a c c i d e n t and h e a l t h , c r e d i t - l i f e , and property
and c r e d i t - r e l a t e d casualty insurance related t o
extensions of c r e d i t by Dial Finance Company of
C a l i f o r n i a [such sale of c r e d i t - r e l a t e d insurance
being permissible a c t i v i t y under Subparagraph D of
I
H.2, 1983 N0. 3
-24APPLICATIONS RECEIVED - Continued
T i t l e VI of the Garn-St. Germain Depository
I n s t i t u t i o n s Act of 1982]) from 7721 Inwood
Road, Dallas, Texas t o Executive Plaza, 1515
West Mockingbird Lane, Dallas, Texas, through
i t s s u b s i d i a r y , Dial Finance Company of Texas
(1/11/83)
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of i n t e n t t o relocate de novo
a c t i v i t i e s ( i n the a c t i v i t i e s of consumer and
commercial f i n a n c e , and the sale of c r e d i t - r e l a t e d
insurance i n c l u d i n g c r e d i t - a c c i d e n t and h e a l t h ,
c r e d i t - l i f e , and property and c r e d i t - r e l a t e d
casualty insurance r e l a t e d t o extensions of
c r e d i t by Dial Finance Company of C a l i f o r n i a
[such sale of c r e d i t - r e l a t e d insurance being
a permissible a c t i v i t y under Subparagraph D of
T i t l e VI of the Garn-St. Germain Depository
I n s t i t u t i o n s Act of 1982) from 226 Gus Thomasson
Road, D a l l a s , Texas t o Leohmann's Plaza, 11411
Northwest Highway, Suite 101, Dallas, Texas,
through i t s s u b s i d i a r y , Dial Finance Company of
Texas (1/11/83)
Kansas City
Colorado National Bankshares, I n c . , Denver,
Colorado, f o r approval t o expand i t s c r e d i t l i f e
and d i s a b i l i t y and hazard insurance coverages,
through i t s s u b s i d i a r y , Colorado National
Insurance Agency, t o s i x o f i t s recently acquired
subsidiary banks: Colorado National Bank-Arvada,
Arvada, Colorado; Colorado National Bank-Aurora,
Aurora, Colorado; Colorado National Bank-Boulder,
Boulder, Colorado; Colorado National Bank-Exchange,
Colorado Springs, Colorado; Colorado National BankBelmont, Pueblo, Colorado; and Colorado National
Bank-Pueblo, Pueblo, Colorado; the respective
geographic scopes f o r the above locations w i l l be
the c i t y of Arvada, Colorado and the eastern p o r t i o n
of Golden, Colorado; the City of Aurora, Colorado;
the c i t y of Boulder, Colorado; El Paso County plus
the town of Woodland Park, Colorado and Pueblo
County, Colorado (1/14/83)
Dallas
F i r s t City Financial Corporation, Albuquerque, New
Mexico, n o t i f i c a t i o n of i n t e n t t o engage i n de novo
a c t i v i t i e s ( i n providing data processing and data
transmission s e rvi ces, data bases or f a c i l i t i e s
[ i n c l u d i n g data processing and data transmission
hardware, software, documentation and operating
personnel] f o r the i n t e r n a l operations of F i r s t
H.2 1983No. 3
-25APPLICATIONS RECEIVED - Continued
City Financial Corporation and i t s s u b s i d i a r i e s ,
and i n providing t o others data processing and
transmission servi ces, f a c i l i t i e s or data bases)
at 2155 Louisiana Boulevard, NE, Albuquerque, New
Mexico and 200 East Broadway, Hobbs, New Mexico,
serving New Mexico and West Texas, through i t s
s u b s i d i a r y , F i r s t City Data Corp. (1/12/83)
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 ,
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 (to engage in extending and arranging
c r e d i t f o r specialized p r o j e c t s ; in s e r v i c i n g
such extensions of c r e d i t ; and i n acting as
investment or f i n a n c i a l advisor by providing
general economic information and advice, general
economic s t a t i s t i c a l forecasting services and
i n d u s try studies t o projects f o r which financing
i s arranged) at 707 W i l s h i r e Boulevard, Los
Angeles, C a l i f o r n i a , serving North America, Central
America, South America, A u s t r a l i a , and the rest of
the world, through i t s s u b s i d i a r y , F i r s t I n t e r s t a t e
Merchant Bankers Ltd. (1/7/83)
San
Franci sco
Midland Bank p i c , Midland C a l i f o r n i a Holdings, Ltd.
both of London, England and Crocker National Corp o r a t i o n , San Francisco, C a l i f o r n i a , propose t o
engage, through Crocker National Corporation i n
(making or acquiring loans and other extensions
of c r e d i t t o borrowers located worldwide) these
a c t i v i t i e s would be conducted from the o f f i c e s
of Crocker National Corporation located at One
Montgomery S t r e e t , San Francisco, C a l i f o r n i a (1/12/83)
San
Francisco
U. S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of i n t e n t
t o engage i n de novo a c t i v i t i e s ( i n the making,
acquiring and s e r v i c i n g of loans and other extensions
of c r e d i t , e i t h e r secured or unsecured, f o r i t s own
account or the account of others, i n c l u d i n g , but
not l i m i t e d t o , commercial, rediscount and installment
sales c o n t r a c t s , t o issue t h r i f t c e r t i f i c a t e s and
passbooks, and t o act as insurance agent with regard
t o c r e d i t l i f e and d i s a b i l i t y insurance s o l e l y i n
connection with extensions of c r e d i t by U. S. T h i r f t
& Loan i n conformance w i t h the provisions of
Sections 2 2 5 . 4 ( a ) ( 1 ) , 2 2 5 . 4 ( a ) ( 2 ) , 2 2 5 . 4 ( a ) ( 3 ) , and
2 2 5 . 4 ( a ) ( 9 ) ( i ) of- Regulation Y) at 8031-B Greenback
Lane, Citrus Heights, C a l i f o r n i a ; the primary service
area by the proposed o f f i c e w i l l be an area bounded
by the Sacramento/Placer County Line t o the n o r t h ,
Hazel Avenue t o the e a s t , Fair Oaks Boulevard and
H.2, 1983 No. 3
- 26 APPLICATIONS RECEIVED - Continued
American River t o the south, and Highway 80, Garf i e l d and Manzanita Avenues t o the west; at 1100
Contra Costa Boulevard, Concord, C a l i f o r n i a ; the
primary service area t o be served by the proposed
o f f i c e w i l l be an area bounded by Highway 4 t o
the n o r t h , Port Chicago Boulevard-Galindo t o the
e a s t , Monument Boulevard-Bo.yd Road t o the South,
and t o the crest of a h i l l at the l i m i t of development t o West; and at 4600 N. Pershing Avenue,
Stockton, C a l i f o r n i a , the primary service area t o
be served by the proposed o f f i c e w i l l be the central
and northern sections of the incorporated c i t y of
Stockton, through i t s e x i s t i n g i n d i r e c t s u b s i d i a r y ,
U. S. T h r i f t & Loan (1/14/83)
*
*
*
*
*
REPORTS RECEIVED
None.
*
*
*
*
*
PETITIONS FOR RULEMAKING
None.
@FedFRASER