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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2 1972 No. 4 Applications and Reports Received or Acted on During the Week Ending January 22, 1972 District Date Registration Statement Filed Pursuant to Section 12(g) of the Securities Exchange Act Received State Bank of North Jersey, Pinebrook, New Jersey 1-19-72 2 i< -k -k "k *k To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Approved The Auglaize County Bank, St. Marys, Ohio. 4 * * * * * 1 To Withdraw from Membership in the Federal Reserve System Without a Six Month Notice as Prescribed by Section 9 of the Federal Reserve Act Received United Bank & Trust Company, Hartford, Connecticut. 6 First Guaranty Bank, Hammond, Louisiana, 6 American Bank, St. Joseph, Tennessee. 1 Approved *United Bank & Trust Company, Hartford, Connecticut. 6 ^American Bank, St. Joseph, Tennessee. * Applications processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. -2- To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Chemical Bank, New York, New York Branch to be established at 116-04 Metropolitan Ave., Kew Gardens, Queens County, New York. 2 4 The Barter Bank & Trust Company, Canton, Ohio. Branch to be established at the corner of State Route 62 and Fairview Street, Alliance, Stark County. 6 Trust Company of Georgia, Atlanta, Georgia. Branch to be established at 1290 Columbia Drive, Decatur, Georgia, to be known as the Belvedere Office. Approved ^Manufacturers Hanover Trust Company, New York, New York. Branch to be established at 111 West 40th Street, New York, New York. 2 3 *The Bank of Mid-Jersey, Bordentown Township, New Jersey. Branch to be established on Route 206 in the Columbus Shopping Center, Springfield Township, Burlington County, New Jersey. 3 *The Fidelity Bank, Rosemont, Pennsylvania. Branch to be established at 7915 Frankford Avenue, Philadelphia, Philadelphia County, Pennsylvania. 4 *The Chardon Savings Bank Company, Chardon, Ohio. Branch to be established at White Brothers Shopping Center, State Street, Middlefield, Geauga County, Ohio. 5 ^Citizens Bank of Poquoson, Poquoson, Virginia. Branch to be established at the intersection of Second (State Route 162) and York Streets, Williamsburg, Virginia. 7 *The Ypsilanti Savings Bank, Ypsilanti, Michigan. Branch to be established at the intersection of Carpenter and Ellsworth Roads, Pittsfield Township, Washtenaw County, Michigan. 8 *The Louisville Trust Company, Louisville, Kentucky. Branch to be established at the northeast corner of 28th Street and Broadway Avenue, Louisville, Kentucky. ^Manchester Bank, St. Louis, Missouri. Branch to be established at 2329-39 Hampton Avenue (drive-in and walk-up facility), St. Louis, Missouri. Applications processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. I 2 Withdrawn Peoples Trust of New Jersey, Hackensack, New Jersey. Branch to be established in the southwest section of Valley Fair Parking Lot, on the east side of Bergen turnpike, Borough of Little Ferry, Bergen County, New Jersey. * * * * * 7 To Carry Reduced Reserves Pursuant to Section 19 of the Federal Reserve Act Received Bank of Commerce and Industry, Chicago, Illinois * * * * * 12 To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Received United California Bank, Los Angeles, California. Branch to be established in Tokyo, Japan. Approved Chemical Bank, New York, New York. Branch to be established in Tokyo, Japan. * * * * * 4 To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Approved The Auglaize County Bank, St. Marys, Ohio For prior approval to merge with The Home Banking Company, St. Marys, Ohio, under the charter and title of The Auglaize County Bank, St. Marys, Ohio. * * * * * 1 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Casco-Northern Corporation, Portland, Maine, for prior approval to acquire at least 80 per cent of the voting shares of Casco Bank & Trust Company, Portland, Maine, and Northern National Bank, Presque Isle, Maine. First Financial Group, Inc., Janesville, Wisconsin, for prior approval to acquire 80 per cent or more of the voting shares of The First National Bank, Janesville, Wisconsin, and Peoples State Bank, Janesville, Wisconsin. Approved North Platte Corporation, Torrington, Wyoming, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of The Citizens National Bank of Torrington, Torrington, Wyoming. National Bancshares Corporation of Texas, San Antonio, Texas, for prior approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to National Bank of Commerce of San Antonio, San Antonio, Texas, and 51 per cent or more of the voting shares of Randolph Field National Bank, Universal City, Texas. Reactivated On H.2 No. 39 (19 71) the Board reported receipt of an application from Virginia National Bankshares, Inc., Norfolk, Virginia, for prior approval to acquire 100 per cent of the voting shares of Colonial-American National Bank, Roanoke, Virginia, the successor by merger to The Colonial-American National Bank of Roanoke, Roanoke, Virginia, and the successor by merger to Virginia National Bank, Norfolk, Virginia. This application was placed in suspense following receipt of a Department of Justice letter to the Board dated December 15, 1971. Following receipt of Applicant's reply dated January 18, 19 72, this application has been reactivated. Reactivated Continued On H.2 No. 46 (1971) the Board reported receipt of an application from First National Bank Holding Company, Inc., Pinedale, Wyoming, for prior approval to acquire 83.45 per cent of the voting shares of First National Bank of Pinedale, Pinedale, Wyoming. This application was placed in suspense following receipt of a letter to the Board from the Comptroller of the Currency dated December 29, 1971. Following receipt of Applicant fs reply dated January 11, 1972, this application has been reactivated. On H.2 No. 41 (1971) the Board reported receipt of an application from Trans Texas Bancorporation, Inc., El Paso, Texas, for prior approval to acquire 80 per cent or more of the voting shares of El Paso National Bank, El Paso, Texas; First State Bank, El Paso, Texas; Northgate National Bank of El Paso, El Paso, Texas; Border City Bank, El Paso, Texas. This application was placed in suspense following receipt of a Department of Justice letter to the Board dated December 28, 19 71. Following receipt of Applicant's reply dated January 19, 1972, this application has been reactivated. * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received First Financial Corporation, Tampa, Florida, for prior approval to acquire 80 per cent or more of the voting shares of Union Trust National Bank of St. Petersburg, St. Petersburg, Florida. Wyoming Bancorporation, Cheyenne, Wyoming, for prior approval to acquire 11,966 or more of the voting shares of The First National Bank of Lander, Lander, Wyoming. Received Continued Wyoming Bancorporation, Cheyenne, Wyoming, for prior approval to acquire 595 or more of the voting shares of The First National Bank of Rawlins, Rawlins, Wyoming. Wyoming Bancorporation, Cheyenne, Wyoming, for prior approval to acquire 840 or more of the voting shares of Stockmans National Bank of Lusk, Lusk, Wyoming. Approved Society Corporation, Cleveland, Ohio, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of The 1st State Bank & Trust Company, Columbus, Ohio. Atlantic Bancorporation, Jacksonville, Florida, for prior approval to acquire 80 per cent or more of the voting shares of The First State Bank and Trust Company, Eustis, Florida. Mercantile Bancorporation Inc., St. Louis, Missouri, for prior approval to acquire up to 100 per cent of the voting shares of County Bank of St. Charles, St. Charles, Missouri. Suspended On H.2 No. 48 (1971) the Board reported receipt of an application from Seilon, Inc., Toledo, Ohio, for prior approval to acquire up to an additional 63.5 per cent of the voting shares of First Bancorporation, Reno, Nevada. This application is now in suspense awaiting receipt of Applicant\s reply to a letter to the Board from the Comptroller of the Currency dated January 13* 1972. H.2 1972 No. 4 5 To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received NCNB Corporation, Charlotte, North Carolina, for prior approval to acquire all of the outstanding shares of C. Douglas Wilson & Co., Greenville, South Carolina. 10 **Midwestern Financial Corporation, Denver, Colorado, to engage in a de_ novo activity (serving as an investment adviser for a real estate investment trust and administering the daily operations of the trust) through a subsidiary to be known as Midwestern Investors Trust Advisers Inc., Denver, Colorado; San Francisco, California; Encino, California; and Seattle, Washington. 1-19-72 12 **Beverly Hills Bancorp, Beverly Hills, California, notification of intent to engage in a de novo activity (providing investment and financial counseling services to individuals through a subsidiary known as Dimensional Planning Group, Beverly Hills, California. 1-12-72 12 **Charter Bancorp, Culver City, California, notification of intent to engage in a de novo activity (leasing automobiles, trucks, and other related commercial consumer commodities) through a subsidiary known as Charter Leasco, at offices located in Culver City, Redondo Beach, and Los Angeles, California. 1-17-72 12 **Marine Bancorporation, Seattle, Washington, notification of intent to engage in a de novo activity (making or acquiring for its own account or for the account of others, loans and other extensions of credit; the applicant will also directly or indirectly act as insurance agent or broker on insurance that is directly related to an extension of credit by any subsidiary of the applicant) through its wholly-owned subsidiary, Coast Mortgage Company, Anchorage, Alaska. 1-17-72 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1972 No. 4 1 Permitted** Hartford National Corporation, Hartford, Connecticut, to engage in a de novo activity (commercial finance, including accounts receivable, lending) through a newly formed subsidiary Nycon Capital Corporation, New York, New York and Hartford, Connecticut. 1-15-72 2 First National City Corporation, New York, New York, to engage in a de novo activity (making equity and debt investments in corporations or projects, including joint ventures, partnerships and other similar organizations, engaged in developing low and moderate income housing and related facilities in the New York metropolitan region, both through new construction and rehabilitation pursuant to Federal, State or Local programs such as Section 236 of the National Housing Act and incidental to making such investments and with regard to specific development projects undertaken by such entities, (a) to make loans, advances and other extensions of credit, (b) to perform financial advisory services and (c) to arrange, assist in arranging and/or effect such projectTs construction and permanent financing) through a subsidiary known as Citicorp Community Development, Inc., New York, New York. 1-20-72 2 Marine Midland Banks, Inc., Buffalo, New York, to continue to engage, through a subsidiary known as Marine Midland Realty Credit Corporation, Syracuse, New York, in de novo activities ((1) making, acquiring and servicing for its own account, or for the account of others, loans and other extensions of credit secured by mortgages on residential or commercial properties or leasehold interests therein; (2) acting as investment advisor to a real estate investment trust; (3) furnishing economic or financial information on real estate matters; and (4) making equity and debt investments in corporations or projects designed primarily to promote community welfare, such as the economic rehabilitation and development of low-income areas). These activities will be conducted from offices located in Syracuse and Scarsdale, New York. 1-15-72 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1972 No. 4 10 -9Permitted** Continued Circle Management Company, Kearney, Nebraska, to engage in a de novo activity (leasing personal property and equipment) through a subsidiary to be known as Circle Leasing Company, Kearney, Nebraska. 1-17-72 * * * * * 4 6 7 7 To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Received** Midwestern Fidelity Corporation, Cincinnati, Ohio, notification of intent to acquire Investors Fidelity Corporation, Birmingham, Alabama. The Charter Company, Jacksonville, Florida, 1-20-72 notification of intent to acquire the remaining 60 per cent of the outstanding stock of Kern County Refinery Inc. , Los Angeles, California, a corporation engaged in the refining of petroleum products in Bakersfield, California. The Charter Company through its wholly-owned subsidiary, Charter Oil Company, Jacksonville, Florida, presently owns 40 per cent of the corporation. The proposed acquisition will be accomplished through merger of Kern County Refinery Inc. into a subsidiary of The Charter Company. Permitted** Berkshire Hathaway Inc., New Bedford, Massachusetts, to acquire additional shares of Rheingold Corp., New York, New York, through its nonbanking subsidiaries to be determined. Correction: Gulf & Western Industries, Inc., New York, New York, to acquire shares of Richards International, Inc., New York, New York, a recently formed Delaware corporation which proposes to engage in real estate development and construction both in the United States and abroad. (It was erroneously reported on H.2 No. 1 under Received.) **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-18-72 1-20-72 12-31-71
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