The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2 1973 No, 4 Applications and Reports Received or Acted on During the Week Ending January 27, 1973 District 4 Date Proxy Statement (Special Meeting) Filed Pursuant to Section 14(a) of the Securities Exchange Act Received The Peoples-Merchants Trust Company, Canton, Ohio. 1-22-73 * * * * * 5 To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Received The Peoples Bank and Trust Company of Henrico, Henrico County, Virginia* 5 Bank of the James, (organizing bank), Manakin-Sabot, Virginia. 6 Interbay Citizens Bank, Tampa, Florida. 6 North American Bank of Tampa, Tampa, Florida* 5 Approved "Bank of the James, (organizing bank), Manakin-Sabot, Virginia. 7 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 The First Commercial Bank, Chicago, Illinois. ^Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. 1-16-73 w H.2 1973 No. 4 W - 2 - 7 Received Continued First State Bank, Webster City, Iowa0 11 The Roscoe State Bank, Roscoe, Texas. 11 Approved *The Roscoe State Bank, Roscoe, Texas. * * /V * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Harvard Trust Company, Cambridge, Massachusetts. Branch to be established at 1386 Massachusetts Avenue, Arlington. Bank of New Branch to Route 130 Township, Jersey, Camden, New Jersey. be established on the west side of and Cinnaminson Avenue, Cinnaminson Burlington County. First Virginia Bank of Roanoke Valley, Roanoke, Virginia. Branch to be established at 2238 Garden City Boulevard, S. E., Roanoke. Approved ^Bankers Trust Company, New York, New York. Branches to be established at the following locations: A. 1704 Avenue M, Brooklyn, Kings County, New York. B. 1603 Avenue U, Brooklyn, Kings County, New York. C. 498 Avenue of the Americas, New York. "Old Kent Bank and Trust Company, Grand Rapids, Michigan. Branch to be established at the intersection of 48th Avenue and Lake Michigan Drive (M-45), Allendale Township, Ottawa County. -Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1973 No. 4 - 3 Approved Continued -Union Savings Bank of Manchester, Manchester* Michigan. Branch to be established at 9108 Austin Road, Village of Bridgewater, Bridgewater Township, Washtenaw County. i< * V? * Thirty Day Notice of Intention to Establish An Additional Branch in a Foreign Country. Received The Chase Manhattan Bank, National Association, New York, New York. To establish an additional branch in Hong Kong, to be located in Tsimshatsui. To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Received The Bank of Arlington, Arlington, Virginia for prior approval to merge with North Moore Street Bank, Arlington, Virginia. 1-18-73 Bank of Fulton County, East Point, Georgia for prior approval to merge with First Georgia Bank, Atlanta, Georgia. 1-3-73 Genesee County Bank, Flint, Michigan for prior approval to merge with Genesee Merchants Bank and Trust Co., Flint, Michigan. 1- 5-73 Menominee State Bank, Menominee, Michigan for prior approval to merge with The Commercial Bank of Menominee, Menominee, Michigan. ''App1ication processed by the Reserve Bank on behalf of the Board of Governors uncer delegated authority. H.2 1973 No. 4 4 - 4 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received **First Southwest Corporation, Washington, Pennsylvania, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to First National Bank & Trust Co., Washington, Pa., Washington, Pennsylvania. 1-24-73 10 **The Citizens Bank Holding Corporation, Drumright, Oklahoma, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of The Citizens Bank, Drumright, Oklahoma. 1-25-73 10 **Edgar, Inc., Omaha, Nebraska, for prior approval to acquire 90 per cent of the voting shares of Security State Bank, Edgar, Nebraska. 1-25-73 10 The Farmers & Merchants Insurance Agency, Inc., Colby, Kansas, for prior approval to acquire 80 per cent or more of the voting shares of The Farmers and Merchants State Bank, Colby, Kansas. 10 **0ak, Inc., Omaha, Nebraska, for prior approval to acquire 90 per cent of the voting shares of Scroggin and Company Bank, Oak, Nebraska. 7 7 Approved Fidelity Financial Corporation of Michigan, Birmingham, Michigan, for prior approval to acquire 100 per cent of the voting shares of Fidelity Bank of Michigan, Birmingham, Michigan. **K.B.J. Enterprises, Inc., Sibley, Iowa, for prior approval to acquire 80 per cent or more of the voting shares of Sibley State Bank, Sibley, Iowa. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-25-73 1-23-73 H. 2 1973 No. 4 - 5 11 Withdrawn On H.2 No. 48 (1972), the Board reported receipt of an application from Durant Bancorporation, Inc., Durant, Oklahoma, for prior approval to acquire not less than 81.07 per cent or more of the voting shares of The Durant Bank & Trust Company, Durant, Oklahoma. In a letter dated January 12, 1973, Applicant requested that the application be withdrawn. * * * * * 1 To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received State Street Boston Financial Corporation, Boston, Massachusetts, for prior approval to acquire 100 per cent of the voting shares of the successor by merger to Union National Bank, Lowell, Massachusetts. 4 BancOhio Corporation, Columbus, Ohio, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to The Peoples National Bank of Greenfield, Greenfield, Ohio. 5 Virginia National Bankshares, Inc., Norfolk, Virginia, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to Virginia Trust Company, Richmond, Virginia. 6 Alabama Bancorporation, Birmingham, Alabama, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to The Commercial National Bank of Anniston, Anniston, Alabama. Barnett Banks of Florida, Inc., Jacksonville, Florida, for prior approval to acquire 90 per cent or more of the voting shares of Florida Southern Bank, Palm Beach County (P. 0. Lake Worth), Florida. H. 2 1973 No. - 6 - Received Continued Barnett -Banks of Florida, Inc., Jacksonville, Florida, for prior approval to acquire 90 per cent or more of the voting shares of Southern Bank of West Palm Beach, West Palm Beach, Florida. Old Kent Financial Corporation, Grand Rapids, Michigan, for prior approval to acquire 100 per cent of the voting shares of the successor by merger to First National Bank of Cadillac, Cadillac, Michigan. 10 2 First National Charter Corporation, Kansas City, Missouri, for prior approval to acquire 90 per cent of the voting shares of American Bank of De Soto, De Soto, Missouri. Approved First National City Corporation, New York, New York, for prior approval to acquire 100 per cent (less directors1s qualifying shares) of the voting shares of Citibank (Mid-Hudson), National Association, Central Valley, New York, the successor by merger to The Central Valley National Bank, Central Valley, New York. 2 First National City Corporation, New York, New York, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of Citibank (Central), National Association, Oriskany Falls, New York, the successor by merger to The First Trust and Deposit Company of Oriskany Falls, N.Y., Oriskany Falls, New York. 6 Alabama Bancorporation, Birmingham, Alabama, for prior approval to acquire 100 per cent (less directorsf qualifying shares) of the voting shares of the successor by merger to Bank of Sulligent, Sulligent, Alabama. 6 **Combanks Corporation, Winter Park, Florida, for prior approval to acquire not less than 98.8 per cent of the voting shares of The Commercial Bank at Union Park, Union Park, Florida, a proposed new bank. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-26-73 H.2 1973 No. - 7 Approved Continued First Florida Bancorporation, Tampa, Florida, for prior approval to acquire 90 per cent or more of the voting shares of Ormond Beach First National Bank, Ormond Beach, Florida. Third National Corporation, Nashville, Tennessee, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to Bank of Knoxville, Knoxville, Tennessee. * * * * * 6 To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Received United Tennessee Bancshares Corporation, Memphis, Tennessee, for prior approval to merge with American National Corporation, Chattanooga, Tennessee. * * * * * 1 To Expand a Bank Holding Company Pursuant to Section 4 (c) (8) of the Bank Holding Company Act of 1956 Received **First Connecticut Bancorp, Inc., Hartford, Connecticut, notification of intent to engage in a de novo activity ((i) providing portfolio investment advice to non-subsidiary banking institutions and municipalities; (ii) furnishing general economic information and advice, general economic statistical forecasts and industry studies; and (iii) providing financial advice to State and local governments, such as with respect to issuance of their securities) in Hartford, Connecticut. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-25-73 I1 H. 2 1973 No. 4 - 8 ~ Received Continued **First National Holding Corporation, Atlanta, Georgia, 1-25-73 notification of intent to engage in a de. novo activity (making loans, principally secured by second mortgages on single family residences, for its own account) in Birmingham, Alabama, through its present subsidiary, First South Homeowners Co., Inc. **Hamilton Bancshares, Inc., Chattanooga, Tennessee, notification of intent to engage in a de novo activity (providing mortgage banking services in Georgia) in Columbus, Georgia, through its present subsidiary, Hamilton Mortgage Corporation. 1-24-73 6 **Hamilton Bancshares, Inc., Chattanooga, Tennessee, 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, including issuing letters of credit and accepting drafts, such as would be made by a finance company) through its present subsidiary, Hamilton Loan Services Corporation, at offices in Chattanooga, Johnson City, and Knoxville, Tennessee. 1-24-73 6 **Hamilton Bancshares, Inc., Chattanooga, Tennessee, 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, including issuing letters of credit and accepting drafts, such as would be made by a finance company) through its present subsidiary, Hamilton Loan Services Corporation, in Paducah, Kentucky; and Nashville, Tennessee. 1-26-73 6 Pan American Bancshares, Inc., Miami, Florida, for prior approval to acquire all of the outstanding shares of Atico Financial Corporation, Miami, Florida. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1973 No. 4 - 9 ~ Received Continued Third National Corporation, Nashville, Tennessee, for prior approval to acquire 100 per cent of the shares of the successor by merger to Mobilehome Guaranty Corporation, Miami, Florida. 10 The Farmers & Merchants Insurance Agency, Inc., Colby, Kansas, for permission to continue to engage in insurance activities. 10 **Liberty National Corporation, Oklahoma City, Oklahoma, notification of intent to engage in de novo activities (the origination, sale, and servicing, of real estate mortgages on residential and commercial properties; and the provision of group credit life, and group accident and health insurance related thereto) through a subsidiary, Liberty Mortgage Company, in Tulsa, Oklahoma. 1-22-73 12 **Patagonia Corporation, Tucson, Arizona, notification of intent to engage in a de novo activity (acting as a consumer finance company and insurance agent in connection with insurance directly related to the extension of credit to the subsidiary's borrowers) in Tucson, Arizona, through its wholly-owned subsidiary, Model Finance Company, East Tucson, Arizona. 1-22-73 6 6 Approved First Amtenn Corporation, Nashville, Tennessee, for prior approval to acquire all of the voting shares of Atlantic Discount Company, Inc., Jacksonville, Florida. Permitted **Great American Corporation, Baton Rouge, Louisiana, 1-25-73 to engage in a d£ novo activity (making or acquiring, for its own account, loans, discounts, acceptances, and other extensions of credit, and other such business as is customarily engaged in by a consumer credit or finance company) in Monroe, Louisiana, through its present subsidiary, Ambank Acceptance Corporation doing business as American Acceptance Associates. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1973 No. 4 - 6 10 9 2 - Permitted Continued **Hamilton Bancshares, Inc., Chattanooga, Tennessee, to engage in a de novo activity (providing mortgage banking services in Georgia and Florida) through its present subsidiary, Hamilton Mortgage Corporation, in Orlando, Florida; and Savannah, Georgia. **Herington Bancshares, Inc., Berington, Kansas, to continue to engage in a de novo activity (the sale of credit life insurance) in Herington, Kansas. 1-25-73 * * * * To Expand a Bank Holding Company Pursuant to Section 4(c) (12) of the Bank Holding Company Act of 1956 Accelerated **American Financial Corporation, Cincinnati, Ohio, to retain 7.5 per cent of the outstanding common stock of the Kroger Company, Cincinnati, Ohio. Withdrawn **The Sperry and Hutchinson Company, New York, New York, notification of intent to acquire Ter Bush and Powell, Inc., Schenectady, New York, through its wholly-owned subsidiary, National Business Services, Inc. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-25-73 Withdrawn On H.2 No. 45 (1972), the Board reported receipt of an application from Bank Shares Incorporated, Minneapolis, Minnesota, for prior approval to acquire 100 per cent of the shares of O.C.B. Agency, Inc., Rochester, Minnesota. In a letter dated January 15, 1973, Applicant requested that the application be withdrawn. * 4 10 1-22-73 1-26-73
@FedFRASER