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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Applications and Reports Received or Acted on and All Other Actions of the Board H. 2 1975 No. 4 During the Week Ending January 25, 1975 District To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Cape Cod Bank and Trust Company, Hyannis, Massachusetts. Branches to be established at the following locations A. To be established off Station Avenue, South Yarmouth. B. To be established on Route 6A and Underpass Road (Southeast corner), Brewster. American Trust & Savings Bank, Dubuque, Iowa. Branches to be established at the following locations: A. To be established at the intersection of Rockdale Road and Tower Drive, Dubuque. B. To be established at the intersection of U.S. Highway 52 and Iowa Highway 386, Sageville. Withdrawn Chemical Bank-Buffalo, New York. Branch to be established at 2500 Walden Avenue, Unincorporated Area, Town of Cheektowaga, Erie County. Approved ^Manufacturers Hanover Trust Company/Mid-Hudson, Monroe, New York. Branch to be established in the Stoneridge Shopping Center, Route 211 and Stoneridge Road, Town of Wallkill, Orange County. *Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1975 No. 4 - 2 Approved Cont'd ^Commerce Union Bank of Lawrence County, Lawrenceburg, Tennessee. Branch to be established at 1225 North Locust Avenue, Lawrenceburg. ^Commerce Union Bank of Chattanooga, Chattanooga, Tennessee. Branch to be established at the Southeast corner of Brainerd and Spring Creek Roads, Chattanooga. ^Commerce Union Bank of Rutherford County, Murfreesboro, Tennessee. Branches to be established at the following locations: A. To be established at 802 Memorial Boulevard, Murfreesboro. B. To be established at 707 South Tennessee Boulevard, Murfreesboro. ^Adrian State Bank, Adrian, Michigan. Branch to be established at 307 East Beecher Street, Adrian. "k "k -k -k International Investments and Other Actions Approved Pursuant to 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 7 11 Continental Illinois Corporation, Chicago, Illinois, a Bank Holding Company: to acquire 100.0 percent of CI Capital (Canada) Limited, Canada. Republic International Company, Dallas, Texas: permission to amend Article FOURTH of the Corporation's Articles of Association to remove the geographical restrictions which presently confine RIC's operations to Great Britain and Latin America. *k -k -k Vc *Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Ranger Financial Corporation, Ranger, Texas, for approval to acquire 92.22 per cent of the voting shares of First State Bank, Ranger, Texas. Approved F.N.B. Corporation, Sharon, Pennsylvania, for approval to acquire 100 per cent of the voting shares (less directors1 qualifying shares) of the successor by merger to First National Bank of Mercer County, Greenville, Pennsylvania. Mingo Insurance Agency, Mingo, Iowa, for approval to acquire 80.5 per cent or more of the voting shares of Mingo Trust and Savings Bank, Mingo, Iowa. LaCrosse Insurance, Inc., LaCrosse, Kansas, for approval to acquire 83.2 per cent or more of the voting shares of The Farmers and Merchants State Bank of Rush County, LaCrosse, Kansas. The George Madison Corporation, Pawnee, Oklahoma, for approval to acquire 80 per cent or more of the voting shares of The First National Bank of Pawnee, Pawnee, Oklahoma. NBC Corporation, Altus, Oklahoma, for approval to acquire 80 per cent of the voting shares of The National Bank of Commerce of Altus, Altus, Oklahoma. PBC Financial Corporation, Oklahoma City, Oklahoma, for approval to acquire 82.4 per cent of the voting shares of Farmers & Merchants Bank, Eufaula, Oklahoma. Southwest National Corporation, Albuquerque, New Mexico, for approval to acquire 90 per cent or more of the voting shares of The Carlsbad National Bank, Carlsbad, New Mexico, and The Bank of Las Vegas, Las Vegas, New Mexico, and through acquisition of 100 per cent of the voting shares (less directorsf qualifying shares) of Southwest National Bank, Albuquerque, New Mexico, a proposed new bank. Denied Dexter Banking Company, Dexter, Kansas, for approval to acquire 95 per cent or more of the voting shares of The Farmers & Merchants State Bank of Dexter, Kansas, Dexter, Kansas. The 4(c)(8) application for permission to retain the assets of the former Kemp-McFall Agency, Dexter, Kansas, hereby becomes moot. Withdrawn On H.2 No. 1 (1975), the Board reported receipt of an application from Mille Lacs Bancshares, Inc., Onamia, Minnesota, for approval to acquire 90 per cent of the voting shares of First State Bank of Onamia, Onamia, Minnesota. In a letter dated January 15, 1975, Applicant requested that the application be withdrawn. * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received Bank of Virginia Company, Richmond, Virginia, for approval to acquire 100 per cent of the voting shares of Bank of Virginia-Cavalier Country, Albemarle County (P.O. Charlottesville), Virginia, the successor by merger to Cavalier-Country Bank, Albemarle County (P.O. Charlottesville), Virginia. Mountain Banks, Ltd., Colorado Springs, Colorado, for approval to acquire 80 per cent or more of the voting shares of Mountain National Bank of Aurora, Aurora, Colorado, a proposed new bank. Texas American Bancshares Inc., Fort Worth, Texas, for approval to acquire 100 per cent of the voting shares (less directorsf qualifying shares) of Gulf Southern National Bank, Houston, Texas, a proposed new bank. Approved Commerce Bancshares, Inc., Kansas City, Missouri, for approval to acquire 50.9 per cent of the voting shares of Barry County Bank, Cassville, Missouri. Denied Texas Commerce Bancshares, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of The Austin National Bank, Austin, Texas. H. 2 1975 No. 4 11 5 - 5 Denied Continued Texas Commerce Bancshares, Inc., Houston, Texas, for approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of Oak Hill National Bank, Oak Hill, Texas, a proposed new bank. Withdrawn On H.2 No. 45 (1974), the Board reported receipt of an application from Fidelity American Bankshares, Inc., Lynchburg, Virginia, for approval to acquire 90 per cent or more of the voting shares of The Citizens National Bank of Emporia, Emporia, Virginia. In a letter dated January 16, 1975, Applicant requested that the application be withdrawn. * 5 6 * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received **Colonial-American Bankshares Corporation, Roanoke, Virginia, notification of intent to engage in d_e novo activities (making, acquiring, and servicing, for its own account or for the account of others, loans secured principally by second mortgages on real property; and acting as an agent in the sale of credit life insurance and accident and health insurance in connection with such loans) at 2731 Williamson Road, Roanoke, Virginia, through a subsidiary, Colonial American Mortgage Corporation, and also at 2112 Colonial Avenue, S.W., Roanoke; 112 South Jefferson Street, Roanoke; 202 South Jefferson Street, Roanoke; 7337 Williamson Road, N.W., Roanoke; 3002 Edgewood Street, S.W., Roanoke; 4203 Melrose Avenue, N.W., Roanoke; 2230 Melrose Avenue, N.W., Roanoke; 112 McClanahan Street, S.W., Roanoke; 2730 Ogden Road, S.W., Roanoke; 210 Washington Avenue, Vinton; and 3403 Williamson Road, N.W., Roanoke; all located in Virginia; through offices of Colonial-American National Bank. First Alabama Bancshares, Inc., Montgomery, Alabama, for approval to acquire all of the shares of First Alabama Life Insurance Company, Phoenix, Arizona. **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-20-75 H.2 1975 No. 4 6 8 - 6 Received Continued **First National Holding Corporation, Atlanta, Georgia, notification of intent to engage in de novo activities (acting as agent, broker, or adviser in leasing personal property and equipment) at 2 Peachtree Street, Atlanta, Georgia, through a subsidiary, First South Financial Corporation. **First Union, Incorporated, St. Louis, Missouri, notification of intent to engage in de novo activities (acting as underwriter for credit life and for credit health and accident insurance which is directly related to extensions of credit by its wholly-owned Delaware subsidiary, Union Finance Company) at Suite 3300, Valley Center, Phoenix, Arizona, through a subsidiary, Preferred Life Insurance Company, and will involve insurance written in connection with extensions of credit made at the offices of Union Finance Company or its whollyowned subsidiaries in the following locations: 401 Truman Road, Kansas City; 11612 Hickman Mills Drive, Hickman Mills; 9411 East 63rd, Raytown; 120 South Liberty, Independence; 1802 Swift, North Kansas City; 845 Boonville, Springfield; and 7837-B Wornall Road, Kansas City; all located in Missouri. 10 **First National Lincoln Corp., Lincoln, Nebraska, notification of intent to engage in de novo activities (industrial banking activities) in Lincoln, Nebraska, through a subsidiary, First Savings Company of Lincoln. 12 **Rainier Bancorporation (formerly Marine Bancorporation), Seattle, Washington, notification of intent to relocate a Portland, Oregon, office of its subsidiary, Rainier Credit Company (formerly Commerce Credit Company), which engages In, (making or acquiring, for its own account or for the account of others, loans and other extensions of credit, including the making of consumer installment loans, purchasing consumer installment sales finance contracts and making of loans to small businesses; leasing personal property and equipment, or acting as agent, broker, or adviser in leasing of such property, where at the inception of the initial lease the effect **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-20-75 1-24-75 1-13-75 H.2 1975 No. 4 - 7 Received Continued of the transaction (and, with respect to governmental entities only, reasonably anticipated future transactions) will yield a return that will compensate the lessor for not less than the lessor's full investment in the property plus the estimated total cost of financing the property over the term of the lease, from (1) rentals; (2) estimated tax benefits (investment tax credit, net economic gain from tax deferral from accelerated depreciation, and other tax benefits with a substantially similar effect); (3) the estimated residual value of the property at the expiration of the initial term of the lease, which in no case shall exceed 20 per cent of the acquisition cost of the property to the lessor; and (4) in the case of a lease of not more than seven years in duration, such additional amount, which shall not exceed 60 per cent of the acquisition cost of the property, as may be provided by an unconditional guarantee by a lessee, independent third party or manufacturer, which has been determined by the lessor to have the financial resources to meet such obligation, that will assure the lessor of recovery of its investment and cost of financing; acting as insurance agent or broker with regard to credit life and disability insurance relating only to extensions of credit by Rainier Credit Company, secured or unsecured, with the limitation that the initial amount of such insurance issued with respect to any debtors may at no time exceed the amount owed by such debtors) from 11717 N.E. Halsey, Portland, to 5331 S. W. Macadam, Portland. 12 **Zions Utah Bancorporation, Salt Lake City, Utah, notification of intent to engage in de novo activities (operating as an industrial bank under the laws of the State of Colorado which includes the lending of money to consumers and others; the sale on an optional basis of credit life, health and accident insurance relating to such loans; and the acceptance of savings in the form of passbook accounts and certificate accounts) at 8830 West Colfax Avenue, Lakewood, Colorado, through a subsidiary, Lakewood 1st Industrial Bank. **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-15-75 H. 2 1975 No. Approved F.N.B. Corporation, Sharon, Pennsylvania, for approval to acquire the successor by merger to Citizens Budget C o . — Youngstown, Youngstown, Ohio, and its subsidiaries. Equitable Bancorporation, Baltimore, Maryland, for approval to acquire all of the voting shares of Equiban Life Insurance Company, Phoenix, Arizona. 7 Mingo Insurance Agency, Inc., Mingo, Iowa, for permission to continue to engage in the activities of a general insurance agency in a community with a population not exceeding 5,000 persons. 10 LaCrosse Insurance, Inc., LaCrosse, Kansas, for approval to acquire LaCrosse Insurance Agency, LaCrosse, Kansas. 10 PBC Financial Corporation, Oklahoma City, Oklahoma, for approval to continue to engage in finance company activities at one location in Oklahoma City, Oklahoma. 2 2 Delayed **Citicorp, New York, New York, notification of intent to 1-21-75 engage in de novo activities (acting as special purpose leasing corporation for specific leasing transactions with a single customer in that connection to hold legal title to personal property) at 399 Park Avenue, New York, New York, through its subsidiary, Citicorp Leasing (Alyeska), Inc. **Citicorp, New York, New York, notification of intent to 1-24-75 engage in de novo activities (making consumer installment personal loans, purchasing consumer installment sales finance contracts; and acting as broker for the sale of consumer credit related life/accident and health insurance and consumer credit related property and casualty insurance; if this proposal is effected, Nationwide Financial Corporation of Montana will offer to sell insurance as follows: (a) group credit life/accident and health insurance to cover the outstanding balances of loans to borrowers in the event of their death, or, to make the contractual monthly payments on the loans in the event of the borrower's disability; (b) individual physical damage insurance on personal property subject to security agreements (including liability only when such insurance is sold as part of an insurance package on such property); further, in regard to the sale of credit related insurance, Nationwide Financial Corporation of Montana will not offer insurance counseling) at the intersection of Amherst and Harrison Avenues, Butte, Montana. **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 1975 No. 4 12 " 9 Delayed Continued **Crocker National Corporation, San Francisco, California, notification of intent to engage in cie novo activities (acting as an insurance agent or broker with respect to (i) any insurance for Crocker National Corporation and its subsidiaries, (ii) any insurance to protect the value of assets being financed or leased by Crocker National Corporation or its subsidiaries, including fire and extended coverage insurance, liability insurance, homeowner1s insurance, performance bonds connected with construction loans, boiler and machinery insurance, theft insurance, collision and comprehensive insurance, surety bonds and marine property insurance, and (iii) any insurance that is otherwise sold as a matter of convenience to the purchaser) at One Montgomery Street, San Francisco, California, through a subsidiary, CNC Insurance Agency, Inc. 1-24-75 12 **Crocker National Corporation, San Francisco, California, notification of intent to engage in de_ novo activities (acting as an insurance agent or broker with respect to mortgage guarantee insurance and mortgage life and disability insurance on the life or health of a borrower of Crocker National Corporation or its subsidiaries when Crocker National Corporation or a subsidiary is a beneficiary of the insurance) at One Montgomery Street, San Francisco, California, through a subsidiary, CNC Insurance Agency, Inc. 1-24-75 12 **Crocker National Corporation, San Francisco, California, notification of intent to engage in de novo activities (acting as an insurance agent or broker with respect to credit life and credit disability insurance on life or health of a borrower or lessee of Crocker National Corporation or its subsidiaries where Crocker National Corporation or a subsidiary is the beneficiary of the insurance) at One Montgomery Street, San Francisco, California, through a subsidiary, CNC Insurance Agency, Inc. 1-24-75 3 Permitted ^Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in de novo activities (selling joint credit life insurance in connection with personal installment loans made pursuant to Signal Mortgage Corporation's second mortgage lending business and reinsuring such insurance through Patrick **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-24-75 # H.2 1975 No. 4 -10Permitted Continued Henry Life Insurance Company, an indirect subsidiary of Philadelphia National Corporation; such activities will be conducted by Signal Mortgage Corporation at existing offices in the following locations in Ohio except that these locations are relevant to reinsurance only as establishing the locations of the credit transactions to which such reinsurance relates) at 3809 Darrow Road, Stow; 192 South Main Street, Bowling Green; 123 Golden Gate Shopping Center, Mawmee; Great Lakes Mall, Room 242, 7850 Mentor Avenue, Mentor; Perkins Plaza, Store 5, Perkins Avenue, Sandusky; and Kamm's Plaza, 3766 Rocky River Drive, Cleveland; all located in Ohio; through its indirect subsidiary, Signal Mortgage Corporation, Cleveland, Ohio. 3 **United Penn Corporation, Wilkes-Barre, Pennsylvania, notification of intent to continue to engage in de novo activities (making loans under the Pennsylvania Consumer Discount Act up to $3,500 and the sale of credit insurance (life, health and disability insurance) which is directly related to such consumer loans) at the East End Shopping Center, 500 Scott Street, Wilkes-Barre, Pennsylvania, through its subsidiary, Valley Consumer Discount Company. 1-19-75 6 **First Alabama Bancshares, Inc., Montgomery, Alabama, notification of intent to engage in de novo activities (acting as insurance agent or broker with respect to credit life/accident and health insurance that is directly related to the extension of credit by a bank or bank related firm; credit life or accident insurance that is directly related to the provision of other financial services by a bank or bank related firm) at Selma and Hartselle, Alabama, through a subsidiary, FAB Agency, Inc. 1-20-75 6 **First Alabama Bancshares, Inc., Montgomery, Alabama, notification of intent to engage in de novo activities (acting as insurance agent or broker with respect to credit life/accident and health insurance that is directly related to the extension of credit by a bank 1-23-75 **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1975 No. 4 - 11 Permitted Continued or a bank related firm; credit life or accident insurance that is directly related to the provision of other financial services by a bank or bank related firm; and insurance sold in communities which have a population not exceeding 5,000) at Bayou La Batre, Alabama, through a subsidiary, FAB Agency, Inc. 8 **First Tennessee National Corporation, Memphis, Tennessee, notification of intent to engage in de_ novo activities (acting as agent or broker with respect to credit life insurance, credit accident and health insurance and comprehensive physical damage insurance on motor vehicles, mobile homes, and recreational vehicles which have been pledged as collateral for extensions of credit by the holding company or its subsidiaries) at 55 North Danny Thomas Avenue, Memphis, Tennessee, through a subsidiary, Crown Agency Corporation, St. Louis County, Missouri. 1-23-75 12 **BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (purchasing wholesale and retail sales finance contracts on vehicles, mobile homes, pleasure equipment, and home improvements; acting as agent or broker for the sale of credit insurance in connection with extensions of credit by FinanceAmerica Service Corporation) at 128 East 6th Street, Cincinnati, Ohio, through its indirect subsidiary, FinanceAmerica Service Corporation, Cincinnati, Ohio. 1-25-75 12 **First Security Corporation, Salt Lake City, Utah, notification of intent to engage in de novo activities (making or acquiring, for its own account or for the account of others, loans and other extensions of credit such as are normally made by a mortgage company; and servicing of such accounts for itself and for others) at 5050 North 19th Avenue, Phoenix, Arizona, and 2500 Louisiana Boulevard, Albuquerque, New Mexico, through its subsidiary, Utah Mortgage Loan Corporation. 1-24-75 12 **Security Pacific Corporation, Los Angeles, California, notification of intent to engage in dje novo activities (leasing and/or financing of personal property and equipment and real property; or acting as agent, broker, or adviser in the leasing and/or financing of such 1-24-75 **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 1975 No. 4 - 12 Permitted Continued property, where at the inception of the initial lease the effect of the transaction (and with respect to governmental entities only, reasonably anticipated future transactions) will yield a return that will compensate the lessor for not less than the lessor's full investment in the property plus the estimated total cost of financing the property over the term of the lease) at 1218 Third Avenue, Seattle, Washington, and 1925 Century Boulevard, N.E., Atlanta, Georgia, through its subsidiary, Security Pacific Leasing Corporation. 12 **U.S. Bancorp, Portland, Oregon, notification of intent to engage in de novo activities (acting as insurance agent with regard to the transaction of life and health insurance relating only to the employees of the holding company and its subsidiaries) at 309 S.W. Sixth Avenue, Portland, Oregon, through a subsidiary, Mt. Hood Credit Life Insurance Agency, Inc. 1-19-75 12 **U.S. Bancorp, Portland, Oregon, notification of intent to engage in de novo activities (acting as insurance agent with regard to the transaction of nonfiling insurance in lieu of, and protecting the holding company and its subsidiaries against the consequences of, not filing, not recording, or otherwise not perfecting any security interest or lien in connection with extensions of credit) at 309 S.W. Sixth Avenue, Portland, Oregon, through a subsidiary, Mt. Hood Credit Life Insurance Agency, Inc. 1-20-75 1 Reactivated **First National Boston Corporation, Boston, Massachusetts, 1-20-75 notification of intent to engage in de novo activities (providing bookkeeping or data processing services for the internal operations of First National Boston Corporation and its subsidiaries, storing and processing banking, financial, or related economic data, such as performing payroll, accounts receivable or payable, or billing services for others and providing all such other data processing services and engaging in all such other activities as are presently permissible as incidental activities) on Edison Drive, Maine Turnpike Shopping Center off Whitten Road and 331 Water Street, Augusta, Maine, through a subsidiary, Firstbank Data Services, Inc., Boston, Massachusetts, and through certain subsidiaries of Firstbank Data Services, Inc., including First of Boston Computeristics, Inc., Boston, Massachusetts. **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1975 No. 4 12 3 - 13 Reactivated Continued **BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (purchasing wholesale and retail sales finance contracts on vehicles, mobile homes, pleasure equipment, and home improvements; acting as agent or broker for the sale of credit insurance in connection with extensions of credit by FinanceAmerica Service Corporation) at 128 East 6th Street, Cincinnati, Ohio, through its indirect subsidiary, FinanceAmerica Service Corporation, Cincinnati, Ohio. Withdrawn Provident National Corporation, Philadelphia, Pennsylvania, for approval to acquire voting shares of CF International Inc., New York, New York. * * * * * 6 To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Received **Phoenix, Inc., Atlanta, Georgia, notification of intent to merge with Southeastern Capital Corporation. * * * * * Other Actions of the Board Reduction in reserve requirements on the net demand deposits of member commercial banks. Clarification of the Board's Order of November 12, 1974, concerning the stock ownership of Fairfax County National Bank, Falls Church, Virginia, by American Security Corporation, Washington, D.C. ***Belington Bank, Belington, West Virginia, to make an invest ment in bank premises. ***Sun Bank of Ocala, Ocala, Florida, to increase its investment in bank premises. **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. ***Processed on behalf of the Board of Governors under delegated authority H. 2 1975 No. 4 - 14 ~ Continued ***First International Bancshares, Inc. , Dallas, Texas, extension of time to April 25, 1975, in which to consummate the acquisition of Bank of Almeda, Texas. ***First International Bancshares, Inc., Dallas, Texas, extension of time to April 30, 1975, in which to consummate the acquisition of Nassau Bay Bank of Clear Lake, Clear Lake City (P.O. Houston), Texas. ***Intermountian Bankshares Company, Charleston, West Virginia, extension of time in which to become a bank holding company through acquisition of Kanawha Banking Company, N.A., Charleston, and Community Bank and Trust, N.A., Fairmont, West Virginia. ***Mercantile Bancorporation, Inc., St. Louis, Missouri, extension of time, to and including April 1, 1975, to acquire at least 90 per cent of the voting shares, plus directors' qualifying shares, of Salisbury Savings Bank, Salisbury, Missouri. ***Bank of Virginia-Central, Richmond, Virginia, extension of time within which to establish a branch at 4840 Laburnum Avenue, Henrico County, Virginia. ***Isabella Bank and Trust, Mount Pleasant, Michigan, extension of time to September 9, 1975, within which to establish a branch at 2133 South Mission Street, Union Township, Michigan. ***Liberty Trust Company of Maryland, Cumberland, Maryland, extension of time within which to establish a branch in the Gee Bee Shopping Center Complex, Cumberland, Maryland. ***Provident Bank, Cincinnati, Ohio, extension of time until November 16, 1975, within which to establish its branch at 4400-4610 Montgomery Road, Norwood, Hamilton County, Ohio. ***United California Bank, Los Angeles, California, extension of time to July 28, 1975, within which to establish branch in the vicinity of Main Street and Beach Boulevard, Huntington Beach, California, provided operations at existing office, 309 Main Street, Huntington Beach, are discontinued simultaneously with opening at new location. ***Processed on behalf of the Board of Governors under delegated authority. H. 2 1975 No. 4 - 15 - Continued ***United Virginia Bank of Williamsburg, Williamsburg, Virginia, extension of time within which to establish a branch at the intersection of U.S. Route 60 and Black1s Crossing, James City County, Virginia. ***Valley Bank of New York, Valley Stream, New York, extension of time within which to establish a branch in the vicinity of the intersection of Middle Country Road and Yaphank Road, Town of Brookhaven, New York. Mingo Valley National Bank, Tulsa, Oklahoma, proposed merger with Guaranty National Bank, Tulsa, Oklahoma; report to the Comptroller of the Currency on competitive factors. Union Savings Bank, Grand Mound, Iowa, proposed purchase of assets and assumption of liabilities by First National Bank, Clinton, Iowa; report to the Comptroller of the Currency on competitive factors. ***Processed on behalf of the Board of Governors under delegated authority.
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