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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2 1972 No. 5 Applications and Reports Received or Acted on During the Week Ending January 29, 1972 District 2 Date Current Report Filed Pursuant to Section 13 of the Securities Exchange Act Received The Trust Company of New Jersey, Jersey City, New Jersey (December 1971) 1-28-72 * * * * * * 4 Proxy Statement (Special Meeting) Filed Pursuant to Section 12(a) of the Securities Exchange Act Received The Commercial Bank & Savings Company, Fostorla, Ohio 1-18-72 * * * * * * Proxy Statement Filed Pursuant to Section 12(a) of the Securities Exchange Act Received Bank of the Commonwealth, Detroit, Michigan 1-21-72 * * * * * * 6 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 First Guaranty Bank, Hammond, Louisiana 7 Cudahy Marine Bank, Cudahy, Wisconsin 7 Approved *Cudahy Marine Bank, Cudahy, Wisconsin * * * * * * * Applications processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1972 No. 5 -2To Establish a Domestic Branch pursuant to Section 9 of the Federal Reserve Act Received United Virginia Bank of Williamsburg, Williamsburg, Virginia, Branch to be established at the intersection of U.S. Route 60 East and Black's Crossing, James City County„ 5 Approved -The Fidelity Bank, Rosemont, Pennsylvania. Branch to be established in the Berkshire Mall West, Woodland Avenue, approximately 500 feet south of Van Reed Road, Wyomissing Borough, Berks County. 3 7 ^Liberty State Bank and Trust, Hamtramck, Michigan. Branch to be established at 16673 East 15 Mile Road, Clinton Township, Macomb County. 7 ^Isabella County State Bank, Mount Pleasant, Michigan, Branch to be established at 1402 West High Street, Mount Pleasant, Michigan. 10 *Sadalia Bank and Trust Company, Salalia, Missouri. Branch to be established at Broadway and State Fair Boulevard, Sadalia (detached facility). * * * * * * To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Received The Riggs National Bank of Washington, D. C., Washington, D. C. Branch to be established in Nassau, Bahamas. 5 Approved Fort Worth National Bank, Fort Worth, Texas. Branch to be established in Nassau, Bahamas. 11 * * * * * * * Applications processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Approved Mechanics and Farmers' Bank of Albany, Albany, New York, to merge The Tanners National Bank of Catskill, Catskill, New York, under the charter and title of Mechanics and Farmers; Bank of Albany. H.2 19 72 No. 8 -4To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received First Missouri Bancorporation, Inc., Columbia, Missouri, for prior approval to acquire 80 per cent of the voting shares of First National Bank and Trust Company, Columbia, Missouri. 10 Citizens Investment Company, Thornton, Colorado, for prior approval to acquire 49.39 per cent or more of the voting shares of North Valley State Bank, Thornton, Colorado. 12 **BanCal Tri-State Corp., San Francisco, California, for prior approval to acquire substantially all of the shares of The Bank of California, National Association, San Francisco, California. 7 9 Denied Firstbrook Corporation, Chicago, Illinois, for prior approval to acquire 80 per cent or more of Northbrook Savings & Trust Bank, Northbrook, Illinois. Carlton Agency, Inc., Carlton, Minnesota, for prior approval to acquire 100 per cent of the voting shares (less directors! qualifying shares) of Carlton National Bank, Carlton, Minnesota. * * * * * 4 5 To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received BancOhio Corporation, Columbus, Ohio, for prior approval to acquire 100 per cent (less directorsf qualifying shares) of the voting shares of the successor by merger to The Central National Bank at Cambridge, Cambridge, Ohio. Southern Bankshares, Inc., Richmond, Virginia, for prior approval to acquire 100 per cent of the voting shares of the successor by merger to Bank of Goochland, Goochland, Virginia. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-28-72 Received Continued Southern Bankshares, Inc., Richmond, Virginia, for prior approval to acquire 100 per cent of the voting shares of the successor by merger to Bank of Powhatan, Powhatan, Virginia. Approved North Atlantic Bancorp. , Newton, Massachusetts, for prior approval to acquire 51 per cent or more of the voting shares of University Trust Company, Cambridge, Massachusetts. Chemical New York Corporation, New York, New York, for prior approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to Eastern National Bank of Long Island, Smithtown, New York. First Banc Group of Ohio, Inc., Columbus, Ohio, for prior approval to acquire 100 per cent of the voting shares of the successor by merger to The Ashland Bank and Savings Company, Ashland, Ohio. First Florida Bancorporation, Tampa, Florida, for prior approval to acquire 90 per cent or more of the voting shares of The Orlando National Bank West, Orlando, Florida, a proposed new bank. Affiliated Bank Corporation, Madison, Wisconsin, for prior approval to acquire 80 per cent or more of the voting shares of Middleton Shores Bank, Middleton, Wisconsin. Reactivated 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 was placed in suspense following the receipt of a letter to the Board from the Comptroller of the Currency dated January 13, 1972. Following receipt of Applicant's reply dated January 26, 1972, this application has been reactivated. • H.2 1972 No. 5 4 6 • -6- To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received **BancOhio Corporation, Columbus, Ohio, notification of intent to engage in a de novo activity (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 expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property will be to compensate the lessor for not less than the lessor's full investment in the property) through a subsidiary to be known as Ohio BancLease Inc., Columbus, Ohio. **Citizens and Southern Holding Company, Atlanta, Georgia, 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, for example, by a mortgage company; servicing loans and other extensions of credit for any person, and acting as investment or financial advisor, including (i) serving as the advisory company for a mortgage or a real estate investment trust and (ii) furnishing economic or financial information) through a subsidiary known as Citizens and Southern Mortgage Company, Atlanta, Georgia, in the following Georgia cities: Atlanta, Athens * Augusta, Macon, Savannah, Valdosta, Albany, Dalton, Rome, Columbus, and Decatur. This supersedes an earlier notification, reported as received on H.2 No. 51 and suspended on December 27, 1971, as a result of the Board's suspension of simplified procedures. The earlier notification has now been withdrawn. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-27-72 1-24-72 H.2 1972 No. 5 7 Received Continued **Conill Corporation, Chicago, Illinois, notification of intent to engage de novo in certain activities (leasing personal property and equipment, and acting as agent, broker, or adviser in the leasing thereof, where at the inception of the initial lease the expectation is that the effect of the transaction and reasonable anticipated future transactions with the same lessee as to the same property will be to compensate the lessor for not less than the lessor's full investment in the property) through a newly-formed subsidiary known as Continental Illinois Leasing Corporation, Chicago, Illinois. 1-24-72 7 **First Chicago Corporation, Chicago, Illinois, notification of intent to continue to engage, and to engage de tlovo in certain activities (making or acquiring for its own account or for the account of others loans and other extensions of credit and servicing such loans and other extensions of credit) through a subsidiary known as First Chicago Investment Corporation, Chicago, Illinois. 1-26-72 7 **Mid-Wis Bankshares, Inc., Madison, Wisconsin, notification of intent to engage de novo in certain activities (making or acquiring, for its own account or for the account of others, mortgage loans and other related extensions of credit, and the servicing of such loans and other related extensions of credit for any person) through a subsidiary known as United Wisconsin Mortgage, Inc., Madison, Wisconsin. 1-27-72 10 **Affiliated Bankshares of Colorado, Inc., Boulder, 1-26-72 Colorado, notification of intent to engage in de novo activities (providing bookkeeping and data processing services for the holding company and it's subsidiaries and storing and processing other banking, financial, or related economic data for customers of subsidiary banks) through a subsidiary to be known as Affiliated Banks Service Company in Boulder, Denver, Manitou Springs, Greeley, Ault, Colorado Springs, Lafayette, Louisville, Loveland and Fort Carson, Colorado. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1972 No. 10 1 Received Continued **Midwestern Financial Corporation, Denver, Colorado, notification of intent to engage in a cle 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., Honolulu, Hawaii. Approved Industrial National Corporation, Providence, Rhode Island, for prior approval to acquire 100 per cent of the voting shares of Ambassador Factors Corporation, New York, New York. 9 First Bank System, Inc., Minneapolis, Minnesota, for prior approval to acquire all the voting shares of IDS Credit Corporation, Minneapolis, Minnesota. 12 Patagonia Corporation, Tucson, Arizona, for prior approval to acquire all the outstanding shares of Model Finance Company, Phoenix, Arizona. 7 9 Delayed** Valley Bancorporat ion, Appleton, Wisconsin, notification of intent to engage in a de novo activity (offering complete fiduciary services and offering trust management and services to other banks and trust departments) through a subsidiary known as Valley Trust Company, Appleton, Wisconsin. This notification was received on January 24, 1972. Denied Carlton Agency, Inc., Carlton, Minnesota, for prior approval to acquire the assets of First National Bank Insurance Agency, Carlton, Minnesota. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-27-72 1-26-72 H .2 1972 No. 5 2 5 11 -9Permitted** Security New York State Corporation, Rochester, New York, to engage in a de novo activity (data processing and bookkeeping services for bank subsidiaries and others) through a subsidiary known as Griffin Computer Services, Inc., Rochester and Auburn, New York. First Virginia Bankshares Corporation, Arlington, Virginia, to engage in a de_ novo activity (making or acquiring for its own account, or for the account of others, mortgages and other loans and extensions of credit and servicing such loans and extensions of credit for other persons) in Arlington, Virginia, through a subsidiary, First Virginia Mortgage Company, which would be wholly-owned by the holding company's present subsidiary, Arlington Mortgage Company, Arlington, Virginia. 1-27-72 1-27-72 Withdrawn On H.2 No. 49 (1971) the Board reported receipt of an application from First City Bancorporation of Texas, Inc., Houston, Texas, for prior approval to acquire shares of Midnat Company, Midland, Texas. In a letter dated January 21, 19 72, applicant requested that the application be withdrawn. * * * * * 2 To Expand a Bank Holding Company Pursuant to Section 4(c) (12) of the Bank Holding Company Act of 1956 Received** National Kinney Corporation, New York, New York, a majority-owned subsidiary of Kinney Services, Inc., New York, New York, notification of intent to acquire all of the capital stock of Meyerbank Electric Co., Inc., New York, New York. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1-21-72 H.2 1972 No. -10- To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Delayed** International Bank, Washington, D.C., to acquire 25 per cent of the voting stock of Universal Lockport Corporation, Lockport, Illinois, a firm engaged in the manufacture of custom-fabricated steel and alloy pressure-vessels for the petroleum, chemical and food processing industries as well as pressed steel and alloy heads for tanks and pressure-vessels for those same industries, through its subsidiary Intermediate Credit Corporation, Washington, D. C. •' 7 Permitted** Sterling Precision Corporation, New York, New York, to acquire Harmon Distributors, Inc., and Harmon Automotive Corp., both of Rochester, New York. 7 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. I 1-27-72 1-27-72
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