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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1980 No. 4)
Actions of the Board? Applications and Reports
Received During the Week Ending January 26, 1980
APPLICABLE
RESERVE BANK

ACTIONS OF THE BOARD
Statement by Governor J. Charles Partee before the Subcommittee on Financial Institutions of the Senate Banking Committee to discuss questions relating to market
mutual funds.

Atlanta




Issuance of subordinated capital notes by Citizens Commercial Bank of Tallahassee, Tallahassee, Florida.

H.2, 1980 No. 4

-

?

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

Approved
Bank of Oxford, Oxford, Alabama. Branch to be established at the southeast corner of the intersection of
Highway #202 and Bynum cutoff Road, Bynum, Alabama. 1/

& 2/

San
Francisco

Valley Bank of Nevada, Las Vegas, Nevada. Branch to
be established in the vicinity of the Fashion Shew
shopping center on the northwest corner of the intersection of Spring Mountain Road and Las Vegas Boulevard South, Las Vegas, Clark County, Nevada. 1/ & 2/
* * * * *

To Withdraw from Membership in the Federal Reserve
System Without a Six-Month Notice as Prescribed by
Section 9 of the Federal Reserve Act
St. Louis

Denied
Commerce Bank of St. Charles, St. Charles, Missouri.

St. Louis

Commerce Bank of Tipton, Tipton, Missouri.

St. Louis

Commerce Bank of Lebanon, Lebanon, Missouri.
*

* * * *

To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Boston

Approved
New England Merchants Bank International, Boston, Massachusetts: grants consent to establish a branch in
Miami, Florida.

1/ Application processed an behalf of the Board of Governors under delegated
authority.
2/ Application subject to Comnunity Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Psnk may be contacted
as to the length of the comment period.




H.2, 1980 No. 4
ACTIONS OF THE BOARD-Continued
New York

Citibank, N.A., New York, New York: grants permission to amend Article First of the Articles of Association of Citibank Interamerica, Miami, Florida, to
change its name to Citibank International and for
International to establish branches in Chicago,
Illinois; Houston, Texas? Los Angeles, California; San
Francisco, California; Seattle, Washington; Minneapolis,
Minnesota; St. Louis, Missouri; Cleveland, Ohio;
Boston, Massachusetts and Atlanta, Georgia; also
granted for Citibank, N.A. to amend Article Seventh of
the Articles of Association of Citibank InternationalHouston, Houston, Texas, Citibank International-Los
Angeles, Los Angeles, California and Citibank International-San Francisco, San Francisco, California*
*

* * * *

To Form a Bank Holding Carpany Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Dallas

Minneapolis

Kansas City

Atlanta

Returned
Rowland Bancshares, Inc., San Antonio, Texas, for approval to acquire 81 per cent of the voting shares of
Mercantile Bank & Trust, San Antonio, Texas. 2/
Withdrawn
Goodhue County Holding Company, Red Wing, Minnesota,
for approval to acquire 80.5 per cent of the voting
shares of The Goodhue County National Bank of Red
Wing, Red Wing, Minnesota. 2/
Control Union Corporation, Stillwater, Oklahoma, for
approval to acquire 81.7 per cent of the voting shares
of First Union Corporation, Stillwater, Oklahoma and
to acquire 100 per cent of the voting shares of The
First National Bank and Trust Company of Stillwater,
Stillwater, Oklahoma. 2/
Approved
First Denham Bancshares, Inc., Denham Springs, Louisiana,
for approval to acquire 80 per cent or more of the
voting shares of First National Bank of Denham Springs,
Denham Springs, Louisiana. 1/ & 2/

17 Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1980 No.

- 4
ACTIONS OF THE BOARD-Continued

Atlanta

Mansura Bancshares, Inc., Mansura, Louisiana, for
approval to acquire 80 per cent or more of the voting
shares of Mansura State Bank, Mansura, Louisiana. 1/ &
2/

Atlanta

Planters Bancshares, Inc., Opelousas, Lcui »xana, for
approval to acquire 80 per cent or mova of the voting
shares of Planters Trust and Savings Bank of Opelousas,
Opelousas, Louisiana. 1/ & 2/

Minneapolis

McGregor Bancshares, Inc., McGregor, Minnesota, for
approval to acquire 80.2 per cent of the voting shares
of State Bank of McGregor, McGregor, Minnesota. 1/ &

2/

Minneapolis

Strasburg Bancorporation, Inc., Strasburg, North Dakota,
for approval to acquire 83.1 per cent of the voting
shares of Strasburg State Bank, Strasburg, North
Dakota. 1/ & 2/

Minneapolis

The Tysan Corporation, Minneapolis, Minnesota, for approval to acquire 90.8 per cent of the voting shares
of State Bank of Long Lake, Long Lake, Minnesota. 1/ &

2/

Kansas City

Bucklin Bankshares, Inc., Bucklin, Kansas, for approval
to acquire 80 per cent or more of the voting shares of
The Farmers State Bank of Bucklin, Kansas, Bucklin,
Kansas. 1/ & 2/

Kansas City

Elsie, Inc., Elsie, Nebraska, for approval to acquire
100 per cent (less directors' qualifying shares) of
the voting shares of Commercial State Bank, Elsie,
Nebraska. 1/ & 2/

Kansas City

First of Chadron Bank Corporation, Chadron, Nebraska,
for approval to acquire 95.5 per cent of the voting
shares of The First National Bank of Chadron, Chadron,
Nebraska, 1/ & 2/

Kansas City

Green River Company, Green River, Wyoming, for approval
to acquire 80 per cent or more of the voting shares of
First National Bank of Green River, Green River,
Wyoming. 1/ & 2/

1/ Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




- 5-

H.2, 1980 No. 4

ACTIONS OF THE BOARD-Continued
Kansas City

Louisburg Bancshares, Inc., Louisburg, Kansas, for approval to acquire 80 per cent or more of the voting
shares of The Bank of Louisburg, Louisburg, Kansas. 1/

& 2/

Dallas

Gulf Southwest Bancshares, Inc., Houston, Texas, for
approval to acquire 80.8 per cent or more of the
voting shares of Merchants Park Bank, Houston, Texas.

]/ & 2/

Dallas

Kansas City

Jena Bancshares, Inc., Jena, Louisiana, for approval to
acquire 80-100 per cent of the voting shares of Bank
of Jena, Jena, Louisiana. 1/ & 2/
Denied
American National Sidney Corp., Sidney, Nebraska, for
approval to acquire 100 per cent (less directors1
qualifying shares) of the voting shares of American
National Bank of Sidney, Sidney, Nebraska. 1/ & 2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1.956
Atlanta

Minneapolis

Approved
Trust Company of Georgia, Atlanta, Georgia, for approval
to acquire 80 per cent or more of the voting shares of
the successor by merger to The Citizens and Southern
Bank of Rockdale, Conyers, Georgia. 1/ & 2/
Guaranty Development Company, Livingston, Montana, for
approval to acquire 53.8 per cent of the voting shares
of First Security Bank of Big Timber, Big Timber,
Montana. 2/
*

*

*

*

*

To Expand a Bank Holding Company Pursuant to Section
4(c) (8) of the Bank Holding Company Act of 1956
Kansas City

Withdrawn
Control Union Corporation, Stillwater, Oklahoma, for approved to acquire the shares of First Union Company (a

17 Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Ccmnunity Reinvestment Act. The Community
Reinvestment Officer of the Applicable Reserve Bank may be contacted
as to the length of the comment period.



i

H.2, 1980 No. 4

-

6

l

-

ACTIONS OF THE BGARD-Continued
business trust) and its wholly owned subsidiaries,
First Union Insurance Agency, Inc.; First Union Financial Services, Inc.; and Consolidated Ventures
Capital, Inc.; all of Stillwater, Oklahoma.
New York

Richmond

Manufacturers Hanover Corporation, New York, New York,
notification of intent to engage in de novo activities
(purchasing installment sales finance contracts, and
to sell credit life insurance, accident and health
insurance, and property damage and liability insurance
directly related to such finance activity) at 3 Kings
Highway East, Haddonfield, New Jersey, through its
subsidiary, Ritter Finance Caipany, Inc. of New Jersey
(1/21/80) 3/
Approved
NCNB Corporation, Charlotte, North Carolina, for approval to retain all of the shares of Superior Life
Insurance Company, Florence, South Carolina and to
continue to engage through it in the underwriting of
credit life and credit accident and health insurance
which is directly related to extensions of credit by
Applicant's credit-granting subsidiaries in the States
of Alabama, North Carolina, South Carolina, Tennessee
and Virginia. 1/

Richmond

NCNB Corporation, Charlotte, North Carolina, for approval to retain all of the shares of Superior Insurance Company, Florence, South Carolina and to engage
de novo through it in the underwriting of credit
accident and health insurance which is directly related to extensions of credit by Applicant's creditgranting subsidiaries in the State of North Carolina
and South Carolina. 1/

Richmond

Southern National Corporation, Lumberton, North Carolina,
for approval to retain all of the shares of Unified
Investors Life Insurance Corpany, Phoenix, Arizona. 1/

New York

J7
3/

Reactivated
Citicorp, New York, New York, notification of intent to
engage in de novo activities (operating a credit card
business including, but not limited to, extending,
acquiring, and servicing indebtedness (i) incurred by
customers for purchases and leases of goods and services and (ii) representing loans to customers; such

Application processed on behalf of the Board of Governors under delegated
authority.
4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1980 No. 4

- 7 ACTIONS OF THE BQARD-Continued
servicing may include credit review, issuance of
credit cards, billing, collection activities and
related services; three of the offices located in
Atlanta, Georgia; San Mateo, California; and Rosemont,
Illinois, will engage solely in related collection
activities) at 399 Park Avenue, New York, New York; 2
Huntington Quadrangle, Melville, New York; 575 Lexington
Avenue, New York, New York; 41 Perimeter Center East,
Suite 450, Atlanta, Georgia; 9801 West Higgins Road,
Northwest Commerce Plaza, Rosemont, Illinois; and 1710
South Amphlett Boulevard, Suite 214, San Mateo, California, through its subsidiary, Citicorp Credit Services, Inc. (1/21/80) 3/

San
Francisco

BankAmerica Corporation, San Francisco, California, notificaticxi of intent to relocate <3&_ novo activities
(to engage in selling credit related property insurance) frcm 11 West Ohio Avenue, Mt. Vernon, Ohio to
791 South State Street, Wssterville, Ohio, through its
indirect subsidiaries, FinanceAmerica Corporation of
Ohio and FinanceAmerica Discount Catpany of Ohio
(1/21/80) 3/

San
Francisco

BankAmerica Corporation, San Francisco, California, notificaticn of intent to engage in cte novo activities
(to engage in credit related property insurance agency
activities) at 16505 Clark Street, Bell flower; 2141
Brea Canyon Road, Diamond Bar; 1818 N. Placentia
Avenue, Placentia; and 905B W. Foothill Boulevard,
Upland, California, through its subsidiary, FinanceAmerica Thrift Corporation (1/24/80) 3/

New York

3/

Permitted
Citicorp, New York, New York, notification of intent to
engage in de novo activities (operating a credit card
business including, but not limited to, extending,
acquiring, and servicing indebtedness (i) incurred by
customers for purchases and leases of goods and services and (ii) representing loans to customers; such
servicing may include credit review, issuance of
credit cards, billing, collection activities and
related services; three of the offices located in
Atlanta, Georgia; San Mateo, California; and Rosemont,
Illinois, will engage solely in related collection

4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1980 No. 4

-

8

-

ACTIONS OF THE BQARD-Cantinued
activities) at 399 Park Avenue, New York, New York? 2
Huntington Quadrangle, Melville, New York? 575 Lexington
Avenue, New York, New York; 41 Perimeter Center East,
Suite 450, Atlanta, Georgia? 9801 West Higgins Road,
Northwest Commerce Plaza, Rosemont, Illinois; and 1710
South Anphlett Boulevard, Suite 214, San Mateo, California, through its subsidiary, Citicorp Credit Services, Inc. (1/22/80) 3/
Philadelphia

Philadelphia National Corporation, Philadelphia, Pennsylvania , notification of intent to engage in de novo
activities (the solicitation and origination of loans
secured by accounts receivable, inventory, machinery
and equipment and/or other commercial finance collateral from and to businesses and corporations located
in the State of Pennsylvania, Virginia, Maryland and
the District of Columbia) at the American City Building, Columbia, Maryland, through its indirect subsidiary, Congress Financial Corporation (1/25/80) 3/

Cleveland

Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(to engage in mortgage banking, including the making
or acquiring and servicing for its am account and for
the account of others, loans and other extensions of
credit) at Casa de Emdeko Building, Alii Drive,
Kaiulau-Kona, Hawaii, through a subsidiary, The Kissell
Company (1/24/80) 3/

Kansas City

Century Bancorporatiai, Inc., Tulsa, Oklahoma (formerly
First State Bancorp, Inc.), notification of intent to
engage in de novo activities (acting as insurance
agent or broker at offices at which Bancorp or its
subsidiaries are otherwise engaged in business (or in
offices adjacent thereto) with respect to the following
types of insurance; any insurance for Bancorp and its
bank-related subsidiaries; credit life, accident and
health or any insurance that is directly related to an
extension of credit by the existing subsidiary bank or
by Bancorp) through an Oklahoma Business Trust (of
which 100 per cent of the beneficial interest will be
owned by Bancorp) and Citizens Insurance Agency, Inc.
(an Oklahoma Corporation to be created and which 100
per cent of the outstanding shares will be cwned by
the Oklahoma Business Trust) (1/25/80) 3/

17

4(c) (8) or 4(c) (12) notification processed by Reserve Bank cn behalf
of the Board of Governors under delegated authority.




H.2, 1980 No. 4

— 9 —
ACTIONS OF THE BOARD-CGntinued

San
Francisco

BankAmerica Corporation, San Francisco, California, notification of intent to relocate de novo activities
(to engage in selling credit related property insurance) from 11 West Ohio Avenue, Mt. Vernon, Ohio to
791 South State Street, Westerville, Ohio, through its
indirect subsidiaries, FinanceAmerica Corporation of
Ohio and FinanceAmerica Discount Company of Ohio
(1/21/80) 3/

San
Francisco

BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities
(to engage in credit related property insurance agency
activities) at 16505 Clark Street, Bellflower; 2141
Brea Canyon Road, Diamond Bar? 1818 N. Placentia
Avenue, Placentia; and 905B W. Foothill Boulevard,
Upland, California, through its subsidiary, FinanceAmerica Thrift Corporation (1/24/80) 3/

San
Francisco

BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities
(to engage in credit related property insurance activities) in Concord, Fairfield, Livemore, Modesto,
Redding, and Sacramento, California, through its
subsidiary, FinanceAmerica Thrift Corporation (1/24/80)
3/

San
Francisco

Crocker National Corporation, San Francisco, California,
notification of intent to engage in de novo activities
(to engage in mortgage lending, loan servicing, investment advisory, and real property leasing activities)
in Salt Lake City, Utah; Phoenix, Arizona; San Bernardino,
California; and Fresno, California, through its subsidiary,
Crocker Mortgage Company, Inc. (1/25/80) 3/

3/

4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1980 No. 4

-10APPLICATIONS RECEIVED
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act

Philadelphia

United Jersey Bank/Southwest, Camden, New Jersey.

Kansas City

The First Vfyoming Bank-Worland, Norland, Waning. 2/

Kansas City

The Elk City State Bank, Elk City, Oklahoma. 2/

To Withdraw from Membership in the Federal Reserve
System Without a Six-Month Notice as Prescribed by
Section 9 of the Federal Reserve Act
St. Louis

Commerce Bank of Lebanon, Lebanon, Missouri.

St. Louis

Commerce Bank of Moberly, Moberly, Missouri.
*

* * * *

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

First Lake County Corporation, Libertyville, Illinois,
for approval to acquire 100 per cent of the voting
shares (less directors' qualifying shares) of First
National Bank of Libertyville, Libertyville, Illinois.

2/

Chicago

First Tipton Bancorporation, Tipton, Iowa, for approval
to acquire 84.1 per cent or more of the voting shares
of First National Bank of Tipton, Tipton, Oklahoma. 2/

Minneapolis

Blackduck Bancshares, Inc., Blackduck, Minnesota, for
approval to acquire 83.2 per cent of the voting shares
of Blackduck State Bank, Blackduck, Minnesota. 2/

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




I

H. 2, 1980 No. 4

-11APPLICATIONS RECEIVED-Ccntinued

Minneapolis

Minnesota Banc Holding Conpany, Minneapolis, Minnesota,
for approval to acquire 81.3 per cent of the voting
shares of Citizens State Bank of Waterville, Waterville, Minnesota. 2/

Kansas City

Breckenridge Bancorporation, Inc., Breckenridge, Colorado,
for approval to acquire 100 per cent of the voting
shares of Bank of Breckenridge, Breckenridge, Colorado.

2/

Kansas City

First Beemer Corporation, Beemer, Nebraska, for approval
to acquire 80 per cent or more of the voting shares of
First National Bank, Beemer, Nebraska. 2/

Kansas City

FIRST NATIONAL BANKSHAKES OF SHERIDAN, Wyoming, Sheridan,
Wyoming, for approval to acquire 80 per cent or more
of the voting shares of The First National Bank of
Sheridan, Sheridan, Wyoming. 2/

Kansas City

TBC, Incorporated, Taylor, Nebraska, for approval to
acquire 100 per cent (less directors1 qualifying
shares) of the voting shares of Bank of Taylor,
Taylor, Nebraska. 2/

Dallas

First Riesel Corporation, Riesel, Texas, for approval
to acquire 80 per cent or more of the voting shares of
First State Bank, Riesel, Texas. 2/
* * * * *

To Retain Control of a Subsidiary of a Bank
Holding Company Pursuant to Section 3(a) (2)
of the Bank Holding Company Act of 1956
Chicago

27

Manufacturers National Corporation, Chicago, Illinois,
for approval to retain 80.02 per cent of the voting
shares of Manufacturers Bank, Chicago, Illinois. 2/

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




I

H.2, 1980 No. 4

-

12 -

APPLICATIONS RECEIVED-Ccntinued
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Atlanta

Southeast Banking Corporation, Miami, Florida, for approval to acquire 80 per cent or more of the voting
shares of Community Bank of Pasco, Pasco County (P.O.
Port Richey), Florida. 2/
*

*

*

*

*

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

Citicorp, New York, New York, notification of intent
to relocate de novo activities (making or acquiring
loans and other extensions of credit, secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory (floor planning) and working capital purposes;
acting as agent for the sale of property and casualty
insurance and for the sale of credit life and credit
accident and health insurance directly related to
extensions of credit in an expanded service area;
credit related life, accident and health may be underwritten by Family Guardian Life Insurance Company, an
affiliate; the office will be relocated within the
city of Reno, Nevada; the service area of the office
will be expanded to include the entire State of Nevada)
from 3374 A. Kietzke Lane, Reno, Nevada to 4001 South
Virginia Street, Suite 211B, Reno, Nevada, through its
subsidiary, Citicorp Person-to-Person Financial Center,
Inc. (1/25/80) 3/

New York

Citicorp, New York, New York, notification of intent
to engage in de novo activities (operating a finance
company, including purchasing and servicing for its
own account sales finance contracts; the extension of
loans to dealers for the financing of inventory (floor
planning) and working capital purposes; acting as agent

2/
3/

Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1980 No. 4

-13APPLICATIONS RE£EIVED-Continued
for the sale of property and casualty insurance and
for the sale of credit life and credit casualty accident and health insurance directly related to extensions of credit; credit related life, accident and
health insurance may be underwritten by Family Guardian Life Insurance Company, an affiliate of Citicorp
Person-to-Person Financial Center, Inc.) at 4480
Refugee Road, Columbus, Ohio, through its subsidiary,
Citicorp Person-to-Person Financial Center, Inc.
(Delaware) (1/23/80) 3/

New York

Citicorp, New York, New York, notification of intent
to engage in de novo activities (operating a finance
company, including purchasing and servicing for its
own account sales finance contracts; acting as agent
for the sale of property and casualty insurance and
for the sale of credit life and credit casualty accident and health insurance directly related to extensions of credit; credit related life, accident and
health may be underwritten by Family Guardian Life
Insurance Company, an affiliate of Citicorp Person-toPerson Financial Center, Inc.) at 8604 Allisonville
Road, Indianapolis, Indiana, through its subsidiary,
Citicorp Person-to-Person Financial Center, Inc.
(Delaware) (1/23/80) 3/

Philadelphia

Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in de novo
activities (the solicitation and making of loans
secured by accounts receivable, inventory, machinery
and equipment and/or other commercial finance collateral
from and to businesses and corporations) at 2 North
LaSalle Street, Chicago, Illinois, through its indirect
subsidiary, Congress Financial Corporation (a California
Corporation) (1/17/80) 3/

Richmond

First Maryland Bancorp, Baltimore, Maryland, for approval
to engage in the activity of underwriting, as reinsurer,
credit life and disability insurance which is directly
related to extensions of credit by First National Bank
of Maryland and First Maryland Credit Corporation,
through a subsidiary to be known as First Maryland
Life Insurance Company, Phoenix, Arizona.

3/

4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




i

H.2, 1980 No. 4

— 14 —
APPLICATIONS REXEIVED-Ccntinued

Richmond

Correction:
The application for NCNB Corporation, Charlotte, North
Carolina, for approval to retain all of the shares of
Superior Life Insurance Corpany, Florence, South
Carolina and to continue to engage through it in the
underwriting of credit life and credit accident and
health insurance which is directly related to extensions of credit by Applicant's credit-granting subsidiaries in the States of Alabama, North Carolina,
South Carolina, Tennessee and Virginia was inadvertently left off H.2 No. 41, 1979 as Received.

Richmond

Union Trust Bancorp, Baltimore, Maryland, notification
of intent to engage in de novo activities (making
secondary mortgage loans secured in whole or in part
by mortgage, deed of trust, security agreement, or
other lien on real estate situated in the State of
South Carolina which property may be subject to one or
more encumbrances or other leasehold interests; and
acting as agent in the sale of credit life insurance
and credit accident and health insurance in connection
with its extensions of credit) at 1463 East Main
Street, Spartanburg, South Carolina, through its
subsidiary, Union Heme Loan Corporation (1/24/80) 3/

Richmond

Virginia National Bankshares, Inc., Norfolk, Virginia,
for approval to acquire certain assets, leases, and
three offioes of VNB Mortgage Corporation, located at
Upper Darby and Camp Hill, Pennsylvania, and
Wilmington, Delaware.

Atlanta

Flagship Banks, Inc., Miami Beach, Florida, notification of intent to engage in de novo activities (acting
as a bank data processing center for providing bank
data processing services for affiliate and non-affiliate
banks) at 3737 N.W. 87th Avenue, Miami, Florida,
through a subsidiary, Flagship Services Corporation
(1/17/80) 3/

Kansas City

Commerce Bancshares, Inc., Kansas City, Missouri, notification of intent to engage in de novo activities
(making or acquiring, for its own account or for the
account of others, real estate loans and other extensions of credit secured by deeds of trust or mortgages;

37

4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




•

•

H.2, 1980 No. 4

- 15 APPLICATIONS RBCEIVEP-Continued
servicing, soliciting, documenting, participating in,
processing, purchasing, selling, transferring, and
closing of real estate loans; and soliciting, preparing, processing, servicing, closing, transferring,
purchasing, participating in, and selling of mortgages
in secondary mortgage markets) at Vandeventer & Chouteau
Avenue, St. Louis, Missouri, through a subsidiary,
Commerce Mortgage Ccnpany (1/24/80) 3/

Kansas City

Kansas Bancorporation, Inc., Kansas City, Kansas,
for approval to form a mortgage banking subsidiary to
be known as Kansas Mortgage Company, Inc., Kansas
City, Kansas and also the new subsidiary will acquire
the assets of Mission Investment Company.

San
Francisco

BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities
(to engage in industrial loan company activities,
credit related life, accident, health and property
insurance agency activities of a finance ccnpany to
the extent of providing management, facilities and
related services for FinanoeAnerica Corporation
(California)) at 39767 Paseo Padre Parkway, Fremont,
California? Grant Park Plaza Shopping Center, 1350
Grant Road, Mountain View, California; Woodside
Mercade Shopping Center, 730 Woodside Road, Redwood
City, California; 444 San Mateo Avenue, San Bruno,
California; and 880 Village Park, 2660 Townsgate Road,
Westlake Village, California, through its subsidiary,
FinanoeAnerica Thrift Corporation (1/21/80) 3/
*

* * * *

REPORTS RECEIVED
Registration Statement Filed Pursuant to Section
12(g) of the Securities Exchange Act
Bank of Amelia, Amelia, Virginia.
(Amendment #3)
37

4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




#
H.2, 1980 No. 4




•
-16APPLICATIONS REXIEIVED-Cciitinued
PETITIONS FOR RULEMAKING

None.

!

i