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ANNOUNCEMENT BY
BOARD O F GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1986, No. 3
Actions of the Board
Applications and Reports Received
During the W e e k Ending January 18, 1986
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Federal Reserve requests public comment on
proposed standards for measuring capital on a
risk-adjusted basis, based on the principle
that a banking organization's capital should
be related to its overall risk profile
(Docket No. 0567).
Boston
Bank of N ew England - Old Colony, National
Association, Boston, Massachusetts, proposed
merger with the Newport National Bank,
Newport, Rhode Island — report to the
Comptroller of the Currency on competitive
factors. 1/
Boston
N e w Randolph National Bank, Randolph,
Vermont, proposed merger with the Randolph
National Bank — report to the Comptroller of
the Currency on competitive factors. 1/
Boston
N ew Bedford Five Cents Savings Bank, New
Bedford, Massachusetts, proposed merger with
Fall River Savings Bank, Fall River,
Massachusetts — report to the Comptroller of
the Currency on competitive factors. 1/
New York
Key Bank of Southeastern New York N . A . ,
Chester, Ne w York, proposed purchase of three
branch offices of Peoples Westchester Savings
Bank, Fishkill, N ew York — report to the
Comptroller of the Currency on competitive
factors. 1/
Philadelphia
Commonwealth Bancshares Corporation,
Williamsport, Pennsylvania — extension of
time to April 19, 1986, within which to
consummate the acquisition of 24.9 percent of
1/ P r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s under
d e l e g a t e d authority.
H.2,
1986 No.
3
2
ACTIONS OF THE BOARD
- Continued
Heritage Financial Services Corporation,
Lewistown, Pennsylvania. 1/
Philadelphia
Princeton Bank, Princeton, N e w Jersey —
extension of time to April 22, 1986, within
which to consummate the purchase of certain
assets and assumption of certain liabilities
of The Bank of Ne w Jersey, N . A . , Moorestown,
N e w Jersey. 1/
Philadelphia
The Hershey Bank, Hershey, Pennsylvania,
proposed merger with Hershey Newbank, under
the charter and title of the former — report
to the Federal Deposit Insurance Corporation
on competitive factors. 1/
Richmond
Bank of Virginia, Richmond, Virginia —
extension of time to April 22, 1986, within
which to establish a branch at 5379 Indian
River Road, Virginia Beach, Virginia. 1/
Atlanta
SunBank/South Florida, N . A . , Fort Lauderdale,
Florida, proposed merger with Sun Bank/Palm
Beach County, N . A . , Delray Beach, Florida —
report to the Comptroller of the Currency on
competitive factors. 1/
Atlanta
Macon Banctrust, Inc., Lafayette, Tennessee
— extension of time to April 16, 1986,
within which to become a bank holding company
by acquiring Macon Bank & Trust Company. 1/
Chicago
Bankers Trust Company, Des Moines,
investment in bank premises. 1/
Kansas City
First Golden Bancorporation, Golden, Colorado
— extension of time to March 31, 1986,
within which to consummate the acquisition of
First Interstate Bank of Arvada, N.A.,
Arvada, Colorado. 1/
Kansas City
Commerce Bancshares, Inc., Kansas City,
Missouri — extension of time to January 31,
1986, within which to consummate the
acquisition of Commerce Brokerage Services,
Inc., and thereby engage indirectly in
providing discount securities brokerage
services. 1/
Kansas City
United Banks of Colorado,
Iowa —
Inc., Denver,
1/ P r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r
d e l e g a t e d authority.
H.2,
1986 No.
3
3
ACTIONS OF THE BOARD
- Continued
Colorado — extension of time to February 12
1986, within which to consummate the
acquisition of United Bank of Westminster,
Westminster, Colorado, a de novo bank. 1/
Dallas
Harrisburg Bancshares, Inc., Houston, Texas
— extension of time to May 1, 1986, within
which to consummate the application to
acquire Harrisburg Bank. 1/
San Francisco
California Commercial Bankshares, Santa Ana,
California — extension of time to April 25,
1986, within which to engage in mortgage
banking activities. 1/
* * * * *
To Establish a Domestic Branch
Pursuant to
Section 9 of the Federal Reserve Act
Approved
New York
Chemical Bank, N ew York, Ne w York — to
establish a branch office at 300 Park Avenue
New York, N ew York. 1/ (1/15/86)
New York
Chemical Bank, New York, Ne w York — to
establish a branch at 333 West 34th Street,
New York, New York. 1/ (1/15/86)
* * * * *
To Become a Member of the Federal Reserve
System Pursuant to Section 9 of the
Federal Reserve Act
Approved
Cleveland
Commerce Exchange Bank, Beachwood, Ohio.
(1/14/86)
* * * * *
Issued Intent Not To Disapprove Change of
Control Pursuant to Change in
Bank Control A c t of 1978
1/
P r o c e s s e d o n b e h a l f of the B o a r d of G o v e r n o r s u nder
d e l e g a t e d authority.
1/
H.2,
1986 No.
3
4
ACTIONS OF THE BOARD
- Continued
Approved
Dallas
Lockney Bancshares,
(1/13/86)
Inc., Lockney, Texas.
1/
* * * * *
International Investments and Other Actions
Appr o v e d Pursuant to Sections 25 and 25 (a) of
the Federal Reserve A c t and Sections 4 (c)9 and
4 (c)13 of the Bank Holding Company A c t
of 1956, as amended
Approved
New York
Prudential-Bache Trade Corporation, Ne w York,
N e w York — grants consent for PBTC
International Bank, Ne w York, N e w York, to
amend Article SEVENTH of its Articles of
Association to increase its authorised
capital. (1/16/86)
San Francisco
Security Pacific Overseas C o r p . , Los Angeles,
California — grants consent to make an
additional investment in Security Pacific
Bank, Canada ("SPBC"), Toronto, Canada, and
for SPBC to amalgamate with Morguard Bank of
Canada ("Morguard"), Vancouver, British
Columbia. (1/13/86)
* * * * *
To F o r m a Bank Holding Company pursuant to
Section 3 ( a ) (1) of the Bank Holding
Company Act of 1956
Returned
Chicago
ASB Bankcorp, Inc., Adrian, Michigan —
for
approval to acquire 100 percent of the voting
shares of Adrian State Bank, Adrian,
Michigan. (1/27/86)
St. Louis
Bancshares of Urbana, Inc., Urbana, Missouri
—
for approval to acquire at least 80
percent of the voting shares of The Bank of
Urbana, Urbana, Missouri. (1/16/86)
Dallas
Casa Linda Financial Corporation, Dallas,
1/ P r o c e s s e d on b e h a l f of the Boa r d of G o v e r n o r s u n d e r
d e l e g a t e d authority.
H.2,
1986 No.
3
5
ACTIONS OF TH E BOARD
- Continued
Texas —
for approval to acquire 100 percent
of the voting shares of Independent Bank,
N . A . , Dallas, Texas, a proposed new bank.
(1/16/86)
Approved
Cleveland
Commerce Exchange Corporation, Beachwood,
Ohio —
for approval to acquire 100 percent
of the voting shares of Commerce Exchange
Bank, Beachwood, Ohio, a proposed new bank.
11 (1/14/86)
Atlanta
Tattnall Bancshares, Inc., Reidsville,
Georgia —
for approval to acquire 80 percent
of the voting shares of The Tattnall Bank,
Reidsville, Georgia. 1/ (1/16/86)
Chicago
First National Bancorp, Inc., Joliet,
Illinois —
for approval to acquire 100
percent of the voting shares of First
National Bank of Joliet, Joliet, Illinois.
(1/16/86)
1/
Chicago
HPK Financial Corporation, Chicago, Illinois
—
for approval to acquire 100 percent of the
voting shares of Hyde Park Bank and Trust
Company, Chicago, Illinois. 1/ (1/13/86)
Chicago
The North Salem State Bancorporation, North
Salem, Indiana —
for approval to acquire 100
percent of the voting shares of The North
Salem State Bank, North Salem, Indiana. 1/
(1/15/86)
Minneapolis
First Hawley Bancshares, Inc., Hawley,
Minnesota —
for approval to acquire 100
percent of the voting shares of The First
National Bank of Hawley, Hawley, Minnesota.
1/ (1/17/86)
Kansas City
Bankers Bancorp of Oklahoma, Inc., Oklahoma
City, Oklahoma —
for approval to acquire at
least 80 percent of the voting shares of The
Bankers Bank, Oklahoma City, Oklahoma, a
proposed new bank. 1/ (1/13/86)
Dallas
Hub Financial Corporation, Lubbock, Texas —
for approval to acquire 100 percent of the
voting shares of City Bank, N.A., Lubbock,
Texas. 1/ (1/17/86)
1 / P ro c e s s e d on b e h a lf o f th e B o ard o f G o v e rn o rs u n d e r
d e le g a te d a u th o r ity .
H.2, 1986 No. 3
6
ACTIONS OF THE BOARD
- Continued
Dallas
WestBanc Bancshares, Inc., Austin, Texas —
for approval to acquire 100 percent of the
votinq shares of Bank of the West, Austin,
Texas. 1/ (1/17/86)
San Francisco
Citizens Bancorporation, Marysville,
Washington —
for approval to acquire 100
percent of the voting shares of Citizens Bank
of Snohomish Countv, Marvsville, Washington.
1/ (1/17/86)
* * * * *
To Expand a Bank Holding Company Pursuant
to Section 3 ( a ) (3) of the
Bank Holding Company Ac t of 1956
Withdrawn
Kansas City
NBR Financial, Inc., Boulder, Colorado —
for
approval to acquire 100 percent of the voting
shares of National Bank of the Rockies in
Colorado Springs, Colorado Springs, Colorado.
(1/17/86)
Returned
Dallas
Independent Community Financial C o r p . ,
Dallas, Texas —
for approval to acquire at
least 51 percent of the voting shares of
Coppell Financial Corporation, Dallas, Texas
and indirectlv Coppell Bank, N.A., Coppell,
Texas. (1/16/86)
Dallas
Independent Community Financial Corporation,
Dallas, Texas —
for approval to acquire 51
percent of the voting shares of Casa Linda
Financial Corporation, Dallas, Texas and
indirectly acquire Independent Bank, N . A . ,
Dallas, Texas, a proposed new bank. (1/16/86)
Approved
N ew York
First Glen Bancorp, Inc., Glens Falls, New
York —
for approval to acquire 100 percent
of the voting shares of The Peoples
Commercial Bank, East Greenbush, N ew York. 1/
(1/17/86)
Chicago
The Marine Corporation, Milwaukee, Wisconsin
1/ P r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r
d e l e g a t e d authority.
H.2, 1986 No. 3
7
ACTIONS OF THE BOARD
- Continued
and Marisub, Inc., Milwaukee, Wisconsin —
for approval to acquire 100 percent of the
voting shares of Mequon State Bank, Mequon,
Wisconsin and acquire 100 percent of The
Commercial Anc-Corp, Monroe, Wisconsin, and
indirectly Commercial and Savings Bank,
Monroe, Wisconsin. 1/ (1/14/86)
Kansas City
Citizens Dimension Bancorp, Inc., Muskogee,
Oklahoma —
for approval to acquire 13.4
percent of the voting shares of Charter
Bancshares, Inc., Oklahoma City, Oklahoma,
and indirectly Charter National Bank,
Oklahoma City, Oklahoma. 1/ (1/15/86)
Dallas
Texas American Bancshares Inc., Fort Worth,
Texas —
for approval to acquire 100 percent
of the voting shares of Texas American
Bank/Cityview, N . A . , Fort Worth, Texas, a
proposed new bank. 1/ (1/17/86)
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 4 ( c ) (8) of the Bank Holding Company
Act of 1956
Returned
Chicago
MWA Bancorporation, Estherville, Iowa — to
establish a de novo subsidiary, General
Commercial Services, Ltd., Esterville, Iowa,
and engage in servicing and acquiring of
loans. (1/16/86)
Minneapolis
Bank Shares Incorporated, Minneapolis,
Minnesota — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
activ i t i e s ) . The activity will be conducted
nationwide. (12/16/85)
Dallas
BancHills Bancorp, Inc., Austin, Texas — to
engage de novo (discount securities brokerage
activities including certain securities
credit and incidental activities) through the
acquisition of BancHills Brokerage
Corporation, Austin, Texas. (1/16/86)
Dallas
LBT Corporation, Shreveport, Louisiana —
1/ P r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r
d e l e g a t e d authority.
to
H.2,
1986 No.
3
8
ACTIONS OF THE BOARD
- Continued
engage de novo (discount securities brokerage
activities including certain securities
credit and incidental activities)
through
the acguisition of LBT Brokerage Services,
Inc., Shreveport, Louisiana. (1/16/86)
Approved
Boston
N ew Hampshire Savings Bank Corporation,
Concord, Ne w Hampshire —
for approval to
acquire National Mortgage Company, Inc.,
Nashua, New Hampshire, thereby engaging in
marketing, originating, underwriting,
funding, warehousing, packaging and servicing
for its own account and for the account of
others, loans and extensions of credit in the
secondary market. 1/ (1/17/86)
N e w York
The Chase Manhattan Corporation, N e w York,
New York —
for approval to acquire Sturgeon
Company, Third Century, I n c . , and Third
Century, Ltd., all of Moberly, Missouri; and
to acquire a 75 percent interest in Third
Century Limited TCG, Moberly, Missouri, a de
novo general partnership. (1/16/86)
San Francisco
First Interstate Bancorp, Los Angeles,
California — to engage de novo in
underwriting and dealing in such obligations
of the United States, general obligations of
various states and their political sub
divisions, and other obligations, including
money market instruments, such as b a n k e r s ’
acceptances and certificates of deposit, as
State member banks may from time to time be
authorized to underwrite and deal through a
de novo subsidiary, First Interstate
Securities, Inc., Los Angeles, California. 1/
(1/17/86)
1/ P r o c e s s e d on b e h a l f of the Bo a r d of G o v e r n o r s u n d e r
d e l e g a t e d authority.
H.2, 1986 No. 3
9
ACTIONS OF THE BOARD
- Continued
Permitted
Boston
Bank of N ew England Corporation, Boston,
Massachusetts — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
activities) through N ew England Discount
Brokerage, Inc., Boston, Massachusetts. The
activity would be conducted nationwide. 3/
(1/15/86)
Ne w York
Horizon Bancorp, Morristown, N ew Jersey — to
engage de novo (discount securities brokerage
activities including certain securities
credit and incidental activities) through its
subsidiary, Horizon Brokerage Services, Inc.,
Morristown, M ew Jersey. 3/ (1/15/86)
Richmond
United Virginia Bankshares, Inc., Richmond,
Virginia — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
activities) through its subsidiary, United
Virginia Brokerage, Inc., Richmond, Virginia.
3/ (1/17/86)
Chicago
Valley B a n c o r p o r a t i o n , Appleton, Wisconsin —
to establish a de novo subsidiary, Valley
Brokerage Services, Inc., Appleton, Wisconsin
and to engage de novo (discount securities
brokerage activities including certain
securities credit and incidental activ i t i e s ) .
3/ (1/14/86)
Dallas
Benson Investment Company, San Antonio, Texas
— to engage de novo (underwriting credit
life and disability insurance on consumer
loans) through the acquisition of Bancshares
Life Insurance Company, Phoenix, Arizona. 3/
(1/13/86)
San Francisco
The Mitsubishi Bank, Limited, Tokyo, Japan,
and Bancal Tri-State Corporation, San
Francisco, California — to engage de novo
(discount securities brokerage activities
including certain securities credit and
incidental activities) through Bancal
Investment Services, Inc., San Francisco,
California. 3/ (1/17/86)
San Francisco
Wells Fargo & Company,
San Francisco,
3/ N o t i f i c a t i o n p r o c e s s e d by R e serve Bank on b e h a l f of
the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority.
H.2, 1986 No. 3
10
ACTIONS OF THE BOARD
- Continued
California — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
activities) through Wells Fargo Brokerage
Corporation, San Francisco, California. 3/
(1/16/86)
3/ N o t i f i c a t i o n p r o c e s s e d by R e s e r v e B a n k on b e h a l f of
the Boa r d of G o v e r n o r s u n d e r d e l e g a t e d authority.
H.2, 1986 No. 3
11
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
Cleveland
Fifth Third Bank, Cincinnati, Ohio — to
establish a Banking Center at West Park
Retirement Community, 2950 West Park Drive,
Cincinnati, Ohio. 2/
* * * * *
To Merge Pursuant to Section 1 8 (c) of the
Federal Deposit Insurance Act
Richmond
Chicago
Received
The Suburban Bank, Richmond, Virginia — to
merge with Virginia Capital Bank, Richmond,
Virginia. 2/
Shelby County State Bank, Shelbvville,
Illinois, to merge with Shelbvville Interim
Bank, Shelbvville, Illinois. 2/
* * * * *
To Become A Member of the Federal Reserve
System Pursuant to Section 9 of the
Federal Reserve Act
Received
New York
United Missouri Trust Company of Ne w York,
New York, New York. 2/
Dallas
Bank of Austin, Austin, Texas, a proposed new
bank. 2/
Dallas
Bank of Troy, Troy, Texas, a proposed new
bank. 2/
Dallas
Bank of the West,
new bank. 2/
Irving, Texas,
a proposed
* * * * *
Issued Intent Not to Disapprove Change of
Control Pursuant to Change in
Bank Control Act of 1978
2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t Act.
The
C o m m u n i t y 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 R e s e r v e Ban k
m a y be c o n t a c t e d as to the length of the c o m m e n t period.
H.2, 1986 No. 3
12
APPLICATIONS RECEIVED - Continued
Received
Dallas
North Texas Bank & Trust, Gainesville, Texas.
/
2
* * * * *
Applications and Notifications for International
Investments and Other Actions Pursuant to
Sections 25 and 25(a) of the Federal Reserve
A c t and Sections 4(c)(9), 4(c) (13) and 4(c) (14)
of the Bank Holding Company A c t of 1956, as amended
Received
Boston
The First National Bank of Boston, Boston,
Massachusetts — request consent to
restructure its French banking operations
through the conversion of an existing leasing
subsidiary into a commercial bank to be named
Banque de Boston, S.A.
N e w York
Citicorp, N e w York, N e w York — request
consent to continue to hold shares of
Citibelsa - Assurantieroaatschippij Financia Compagnie d'Assurances Financia, N.V. S.A.,
Antwerp, Belgium after AMF engages in
underwriting life and disability insurance in
Belgium.
San Francisco
Security Pacific Corporation, Los Angeles,
California — prior notification to make an
additional investment in Security Pacific
International Leasing, Inc.
2/ A p p l i c a t i o n s u b j e c t to C o m m u n i t y R e i n v e s t m e n t Act.
The
C o m m u n i t y 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 R e s e r v e Ban k
m a y be c o n t a c t e d as to the length of the c o m m e n t period.
H.2, 1986 No. 3
13
APPLICATIONS RECEIVED - Continued
APPLICATIONS RECEIVED
T o Establish a D.S. Branch of an Edge Act
Corporation Pursuant to Section 25(a)
of the Federal Reserve Act
New York
The Chase Manhattan Bank, N . A . , New York, Mew
York — request consent to acquire through
Chase's branch in Paris a subsidiary, PNC
Chase Location, Paris, France, engaged in
leasing activities.
* * * * *
T o F o r m a Bank Holding Company Pursuant
to Section 3 ( a ) (1) of the Bank Holding
Act of 1956
Received
Boston
National Industrial Bancorp, I n c . , East
Hartford, Connecticut —
for approval to
acquire 100 percent of the voting shares of
National Industrial Bank of Connecticut,
Meriden, Connecticut. 2/
N ew York
Interchange Financial Services Corporation,
Saddle Brook, New Jersey —
for approval to
acquire 100 percent of the voting shares of
Interchange State Bank, Saddle Brook, New
Jersey. 2/
Philadelphia
Financial Services Bancorp, Inc., Scranton,
Pennsylvania --- for approval to acquire 100
percent of the voting shares of Third
National Bank and Trust Company of Scranton,
Scranton, Pennsylvania. 2/
Philadelphia
Yardville National Bancorp, Yardville, New
Jersey —
for approval to acquire 100 percent
of the voting shares of the Yardville
National Bank, Yardvilie, New Jersey. 2/
Chicago
Liberty Bancorp, Inc., Hammond, Indiana —
for approval to acquire 100 percent of the
voting shares of Community State Bank, North
Liberty, Indiana.
Kansas City
Fourthco, Inc., Tulsa, Oklahoma —
for
approval to acquire 90 percent of the voting
shares of Fourth National Corporation, Tulsa,
2/ A p p l i c a t i o n s u bject to C o m m u n i t y R e i n v e s t m e n t Act.
The
C o m m u n i t y A f f a i r s O f f i c e r of the ap p l i c a b l e Reserve Bank
m a y be c o n t a c t e d as to the length of the c o m m e n t period.
H.2,
1986 No.
3
14
APPLICATIONS RECEIVED - Continued
Oklahoma and indirectly Fourth National Bank
of Tulsa, Tulsa, Oklahoma, and United
Bancshares, Inc., Tulsa, Oklahoma and
indirectly United Bank of Tulsa, Tulsa,
Oklahoma. 2/
Dallas
General Bancshares, Inc.., Caldwell, Texas —
for approval to acquire 100 percent of the
voting shares of Peoples National Bank,
Caldwell, Texas. 2/
Dallas
New Braunfels Bancshares, Inc., New
Braunfels, Texas — for approval to acquire
100 percent of the voting shares of Citizens
National Bank, New Rraunfels, Texas, a
proposed new bank. 2/
Dallas
Texas Community Bancshares, Inc., Dallas,
Texas —
for approval to acquire 100 percent
of the voting shares of BancTexas Sulphur
Springs, N.A., Sulphur Springs, Texas. 2/
* * * * *
To Expand a Bank Holding Company Pursuant
to Section 3 ( a ) (3) of the Bank Holding
Company Act of 1956
Received
Philadelphia
Comm. Bancorp, Inc., Forest City,
Pennsylvania —
for approval to acquire 23.9
percent of the voting shares of First
National Bank of Nicholson, Nicholson,
Pennsylvania. 2/
Cleveland
Banc One Corporation, Columbus, Ohio — for
approval to acquire 100 percent of the voting
shares of Purdue National Corporation,
Lafayette, Indiana and indirectly acquire
Purdue National Bank of Lafayette, Lafayette,
Indiana. 2/
Richmond
Sovran Financial Corporation, Norfolk,
Virginia — for approval to acquire 100
percent of the voting shares of Suburban
Bank/Delaware, Dover, Delaware. 2/
Chicago
First of American Bank Corporation,
Kalamazoo, Michigan —
for approval to
acquire 100 percent of the voting shares of
2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t Act.
The
C o m m u n i t y A f fairs O f f i c e r o f the a p p l i c a b l e Re s e r v e B a n k
m a y be contacted as to the length of the comment period.
H.2, 1986 No. 3
15
APPLICATIONS RECEIVED - Continued
Securities Counsel,
2/
Inc., Jackson, Michigan.
Kansas City
J. F.. Montgomery Banc o r p o r a t i o n , Lawton,
Oklahoma — for approval to acquire an
additional 11 percent of the voting shares of
City National Bank & Trust Company, Lawton,
Oklahoma. 2/
Dallas
InterFirst Corporation, Dallas, Texas —
for
approval to acquire 100 percent of the voting
shares of Interfirst Bank Delaware, New
Castle, Delaware, a proposed new bank. 2/
Dallas
Promenade Bancshares, Inc., Richardson, Texas
— for approval to acquire 100 percent of the
voting shares of Plano National Bank, Plano,
Texas, a proposed new bank. 2/
* * * * *
To Expand a Bank Holding Company Pursuant
to Section 3 ( a ) (5) of the Bank Holding
Company Act of 1956
Received
Chicago
Fort Wayne National Corporation, Fort Wayne,
Indiana —
for approval to merge with Auburn
Financial C o r p . , Auburn, Indiana and
indirectly acquire The Auburn State Bank,
Auburn, Indiana. 2/
Chicago
Fort Wayne National Corporation, Fort
Wayner, Indiana
—
for approval to merge
with Churubusco Bancorp, Churubusco, Indiana
and indirectly acquire Churubusco State Bank,
Churubusco, Indiana. 2/
Chicago
Fort Wayne National Corporation, Fort Wayne,
Indiana —
for approval to merge with DeKalb
Financial Corporation, Waterloo, Indiana and
indirectly acquire Citizens State Bank,
Waterloo, Indiana. 2/
2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t Act.
The
C o m m u n i t y 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 R eserve B a n k
m a y be contacted as to the length of the co m m e n t period.
H.2,
1986 No.
3
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
Boston
BANKVERMONT CORPORATION, Burlington, Vermont
—
for approval to retain Future Planning
Associates, Inc., and Madison Group, Inc.
Philadelphia
Fidelcor, Inc., Philadelphia, Pennsylvania —
for approval to acquire Florida Commercial
Mortgage Corporation, Orlando, Florida and
thereby engage in making, and servicing
loans, providing investment or financial
advice, arranging commercial real estate
equity financing, and performing real estate
appraisals.
Cleveland
Mountain Bancorp, Inc., West Liberty,
Kentucky — to engage de novo (making,
acquiring and/or servicing loans for itself
or for others of the type made by a consumer
finance company) through its subsidiary
Consumer Lending Corporation, West Liberty,
Kentucky.
The geographic area to be served
will be the county of Morgan and contiguous
counties of Johnson, Lawrence, Elliott,
Rowan, Menifee, Wolfe, and Magoffin, all
located in Kentucky. (1/15/86)
Richmond
American Security Corporation, Washington,
D.C. — to engage de novo (discount
securities brokerage activities including
certain securities credit and incidental
activities) through its subsidiary, American
Security Investment Services Inc.,
Washington, D. C.
The activities would be
conducted nationwide. (1/17/86)
Richmond
Washington Bancorporation, Washington, D.C.,
Colson, Inc., Wilmington, Delaware and
Washingtion National Holdings, N . V . , Curacao,
Netherlands Antilles — to engage de novo
(making, acquiring and/or servicing loans for
itself or for others of the type made by a
mortgage company; performing real estate
appraisals) through its subsidiary,
Washington Mortgage Group, Inc., Washington,
H.2,
1986 No.
3
17
APPLICATIONS RECEIVED - Continued
D. C. The activities would be conducted
nationwide. (1/14/86)
Minneapolis
Resource Companies, Inc., Minneapolis,
Minnesota — for approval to engage de novo
in investment advisory activities on a
nationwide basis through its subsidiary,
Resource Capital Advisers, Inc., Minneapolis,
Minnesota.
Dallas
Independent Bankshares, Inc., Abilene, Texas
—
for approval to acquire of 100 percent of
First Independent Computers, Inc., Abilene,
Texas.
@FedFRASER