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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1983 No. 2)
I
Actions of t h e Board; A p p l i c a t i o n s and Reports
i
Received During t h e Week Ending January 8 , 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Kansas City
Commerce B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i ,
e x t e n s i o n of time t o April 14, 1983, in which
t o a c q u i r e Commerce Bank of L e e ' s Summit, N.A.,
L e e ' s Summit, M i s s o u r i . J!_/
Dallas
ExTraCo Bankshares I n c . , Temple, Texas, e x t e n s i o n
of time t o February 5 , 1983, w i t h i n which t o
a c q u i r e F i r s t National Bank of Temple-South,
Temple, Texas. ]_/
Dallas
F i r s t Bancshares of Texas, I n c . , T y l e r , Texas,
e x t e n s i o n of time t o March 31, 1983, w i t h i n
which t o a c q u i r e Tyler National Bank, T y l e r ,
Texas. J_/
San
Francisco
SDNB F i n a n c i a l Corp, San Diego, C a l i f o r n i a ,
e x t e n s i o n of t i m e t o May 1, 1983, w i t h i n which
t o become a bank h o l d i n g company t h r o u g h t h e
a c q u i s i t i o n of San Diego National Bank, San
Diego, C a l i f o r n i a . ]_/
New York
Consolidado I n t e r n a t i o n a l Bank, New York, New
York, e x t e n s i o n of time t o June 30, 1983, w i t h i n
which t o open i t s branch l o c a t e d a t 9 W. 57th
S t r e e t , New York, New York. J_/
Atlanta
Parker Bank and T r u s t Company, Cullman, Alabama,
e x t e n s i o n of time t o J u l y 29, 1983, w i t h i n which
t o open i t s North o f f i c e . J /
Philadelphia
Union T r u s t Company of Wildwood, Wildwood, New
J e r s e y , an a d d i t i o n a l inve s tme nt in bank p r e m i s e s . J_/
Boston
Termination of r e g i s t r a t i o n under R e g u l a t i o n G f o r
Family Funding I n c . , Cambridge, M a s s a c h u s e t t s . 1/
T/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
I
I
#
H.2, 1 9 8 3 N 0 . 2
- 2 ACTIONS OF THE BOARD - Continued
New York
BNB, National A s s o c i a t i o n , Bath, New York, p r o posal t o merge with The Bath National Bank,
Bath, New York; r e p o r t t o t h e Comptroller of
t h e Currency on c o m p e t i t i v e f a c t o r s . ] /
Chicago
Farmers National Bank of Shelbyvi H e , Shelbyvi l i e ,
I n d i a n a , t o merge with Farmco National Bank,
S h e l b y v i l i e , I n d i a n a , under t h e c h a r t e r of
Farmco National Bank and t i t l e of The Farmers
National Bank in S h e l b y v i l i e ; r e p o r t t o t h e
Comptroller of t h e Currency on c o m p e t i t i v e f a c t o r s . J /
Chicago
Frances Slocum Bank and Trust Company, Wabash, I n d i a n a ,
proposal t o merge with Wabash S e r v i c e Bank, North
Manchester, I n d i a n a , under t h e c h a r t e r of Wabash
S e r v i c e Bank and t i t l e of Frances Slocum Bank and
Trust Company; r e p o r t t o t h e Federal Deposit Ins u r a n c e Corporation on c o m p e t i t i v e f a c t o r s . J /
S t . Louis
G r a n i t e City Trust and Savings Bank, G r a n i t e C i t y ,
I l l i n o i s , proposal t o merge with GCT Bank, G r a n i t e
C i t y , I l l i n o i s ; r e p o r t t o t h e Federal Deposit
I n s u r a n c e Corporation on c o m p e t i t i v e f a c t o r s . ]_/
San
Francisco
Kitsap County Bank, Port Orchard, Washington, p r o posal t o a c q u i r e c e r t a i n a s s e t s and assume d e p o s i t
l i a b i l i t i e s of t h e Poulsbo branch of P r u d e n t i a l
Mutual Savings Bank, S e a t t l e , Washington, under
t h e c h a r t e r and t i t l e of t h e f o r m e r ; r e p o r t t o
t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on
c o m p e t i t i v e f a c t o r s . _]_/
Richmond
Lexington S t a t e Bank, Lexington, North C a r o l i n a , p r o posed merger with The New Lexington S t a t e Bank,
L e x i n g t o n , North C a r o l i n a ; r e p o r t t o t h e Federal
Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e
factors. J/
Dal l a s
Merchants S t a t e Bank, D a l l a s , Texas, proposed merger
with New Merchants S t a t e Bank, D a l l a s , Texas;
r e p o r t t o t h e Federal Deposit I n s u r a n c e Corporation
on c o m p e t i t i v e f a c t o r s . J_/
Chicago
Outagamie Bank, Appleton, Wisconsin, proposal t o merge
with S t a t e S t r e e t Bank, Appleton, Wisconsin, under
t h e c h a r t e r and t i t l e of The Outagamie Bank; r e p o r t
t o t h e Federal Deposit Insurance Corporation on
c o m p e t i t i v e f a c t o r s . 1/
}/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
3 -
H.2, 1983 No. 2
ACTIONS OF THE BOARD - Continued
To E s t a b l i s h a Domestic Branch Pursuant t o
Section 9 of t h e Federal Reserve Act
Approved
United J e r s e y Bank, Hackensack, New J e r s e y . To
e s t a b l i s h two o f f s i t e e l e c t r o n i c f a c i l i t y
o f f i c e s at the following l o c a t i o n s :
288
North Broad S t r e e t , E l i z a b e t h , New J e r s e y and
3140 P r i n c e t o n P i k e , Lawrence Township, New
J e r s e y . 1J
New York
Philadelphia
Union T r u s t Company of Wildwood, Wildwood, New
J e r s e y . To e s t a b l i s h a branch o f f i c e a t 32nd
S t r e e t and Dune D r i v e , Aval on, New J e r s e y . ]_/
Cleveland
The D o l l a r Savings and Trust Company, Youngstown,
Ohio. To e s t a b l i s h a branch a t 1044 Belmont
Avenue, Youngstown, Ohio. J J
San
Franci sco
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles,
C a l i f o r n i a . To e s t a b l i s h a branch o f f i c e in t h e
v i c i n i t y of t h e i n t e r s e c t i o n of Lake Murray
Boulevard and Lake Park Way, City of La Mesa,
San Diego County, C a l i f o r n i a . 1/
*
*
*
*
*
Issued I n t e n t Not t o Disapprove Change of Control
Pursuant t o Change in Bank Control Act of 1978
Kansas City
Not Disapproved
B u r l i n g t o n B a n c s h a r e s , I n c . , B u r l i n g t o n , Colorado. ]_/
Kansas City
Greenhorn Valley Bank, Colorado C i t y , Colorado. ]_/
Kansas City
Kansas Bankshares, I n c . , Shawnee M i s s i o n , Kansas. 1/
*
T7
*
*
*
*
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
H.2, 1983 No. 2
- 4 ACTIONS OF THE BOARD - Continued
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other Actions Pursuant t o S e c t i o n s 25 and 25(a)
of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 )
of t h e Bank Holding Company Act of 1 956, as amended
Approved
Bangkok Bank L i m i t e d , Bangkok, T h a i l a n d : e n t e r e d
i n t o an agreement t h a t Bangkok Bank would l i m i t
t h e d e p o s i t - t a k i n g a c t i v i t i e s of a Federal branch
in New York, New York ( o u t s i d e of i t s home s t a t e ,
Los Angeles, C a l i f o r n i a ) . J_/
New York
New York
Morgan Guaranty I n t e r n a t i o n a l Finance C o r p o r a t i o n ,
New York, New York: g r a n t s consent t o a c q u i r e
d i r e c t l y or i n d i r e c t l y , a 29 p e r c e n t i n t e r e s t
in a de novo l e a s i n g company, Computer Systems
L e a s i n g , L t d . , Tokyo, J a p a n .
Atlanta
Banco Latino I n t e r n a t i o n a l , Miami, F l o r i d a : g r a n t e d
p e r m i s s i o n t o commence b u s i n e s s as a c o r p o r a t i o n
under t h e p r o v i s i o n s of S e c t i o n 25(a) of t h e
Federal Reserve Act. 1/
San
Francisco
Sixty-Day N o t i f i c a t i o n Period Waived
Bank of America NT & SA, San F r a n c i s c o , C a l i f o r n i a :
no o b j e c t i o n t o a c q u i r e 49.9 p e r c e n t of t h e e q u i t y
of Hanmie Bank, Se oul, Korea, a de novo commercial
bank.
*
*
*
*
•
To Form a Bank Holding Company Pursuant t o Section
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Atlanta
T]
~~
Withdrawn
Grupo F i n a n c i e r o del E s t a d o , S . A . , Bogota,
Colombia and Banco del Estado Holding Company,
I n c . , A t l a n t a , G e o r g i a , f o r approval t o a c q u i r e
a t l e a s t 82.20 p e r c e n t of t h e v o t i n g s h a r e s of
The F i r s t National Bank of DeKalb County,
D e c a t u r , Georgia.
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
H.2, 1983 No. 2
- 5 ACTIONS OF THE BOARD - Continued
Boston
Approved
Maine National C o r p . , P o r t l a n d , Maine, f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
Maine National Bank, P o r t l a n d , Maine. J /
Atlanta
Union B a n c s h a r e s , I n c o r p o r a t e d , M a r k s v i H e , L o u i s i a n a ,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of The Union Bank, M a r k s v i l i e ,
Louisiana. V
Chicago
MWA B a n c o r p o r a t i o n , E s t h e r v i l i e , Iowa, f o r approval t o
a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of
t h e Emmet County S t a t e Bank, E s t h e r v i l i e , Iowa and
F i r s t Bank and T r u s t . S p i r i t Lake, Iowa. ]J
Chicago
Valley F i n a n c i a l S e r v i c e s , I n c . , South E l g i n , I l l i n o i s ,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of The Valley Bank and Trust Company,
South E l g i n , I l l i n o i s . ]_/
S t . Louis
Security Capital Corporation, B a t e s v i l i e , M i s s i s s i p p i ,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o B a t e s vi l i e S e c u r i t y Bank, B a t e s v i l l e , M i s s i s s i p p i . J /
S t . Louis
WEST FRANKFORT COMMUNITY BANCSHARES, INC., F r a n k f o r t ,
I l l i n o i s , f o r approval t o a c q u i r e a t l e a s t 90.092
p e r c e n t of t h e v o t i n g s h a r e s of F i r s t Community
Bank of West F r a n k f o r t , West F r a n k f o r t , I l l i n o i s . J_/
Minneapolis
F i r s t Sharon Holding Company, I n c . , Sharon, North Dakota,
f o r approval t o a c q u i r e 94.62 p e r c e n t of t h e v o t i n g
s h a r e s of F i r s t S t a t e Bank of Sharon, Sharon, North
Dakota. J J
Minneapolis
Hutchinson Bancorp, I n c . , M i n n e a p o l i s , Minnesota, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of The F i r s t National Bank of Hutchinson, Hutchinson,
Minnesota. J_/
Kansas City
Granada B a n k s h a r e s , I n c . , Granada, Colorado, f o r
approval t o a c q u i r e a t l e a s t 88 p e r c e n t of t h e v o t i n g
s h a r e s of The American S t a t e Bank, Granada, Colorado. 1/
Ty
~
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
H.2, 1 9 8 3 N 0 . 2
- 6ACTIONS OF THE BOARD - Continued
Kansas City
Northwest Missouri B a n c s h a r e s , I n c . , C r a i g ,
M i s s o u r i , f o r approval t o a c q u i r e 100 p e r c e n t
of t h e v o t i n g s h a r e s of Bank of Craig B a n c s h a r e s ,
I n c . , C r a i g , M i s s o u r i , and i n d i r e c t l y a c q u i r e
9 6 . 7 5 p e r c e n t of Bank of C r a i g , C r a i g , M i s s o u r i . ]_/
Dal l a s
S t a t e w i d e Bancshares C o r p o r a t i o n , Cedar H i l l ,
Texas, f o r approval t o a c q u i r e a t l e a s t 88 p e r c e n t
of t h e v o t i n g s h a r e s of F i r s t Bank & T r u s t Company,
Cedar H i l l , Texas. V
San
Francisco
Carmel B a n c o r p o r a t i o n , Carmel, C a l i f o r n i a , f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of t h e s u c c e s s o r by merger t o National
Bank of Carmel, Carmel, C a l i f o r n i a . V
San
Francisco
C o n t i n e n t a l Bancorp, F r e s n o , C a l i f o r n i a , f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of t h e s u c c e s s o r by merger t o C o n t i n e n t a l
National Bank, F r e s n o , C a l i f o r n i a . J /
San
Francisco
INB Bancorp, Covina, C a l i f o r n i a , f o r approval t o
a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
Independence National Bank, Covina, C a l i f o r n i a ,
a proposed new bank. 1 /
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*
To Expand a Bank Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
Boston
Cleveland
Ty
Approved
F i r s t National Vermont C o r p o r a t i o n , S p r i n g f i e l d ,
Vermont, f o r approval t o a c q u i r e 100 p e r c e n t
of t h e v o t i n g s h a r e s of The Bradford National
Bank, B r a d f o r d , Vermont. V
F i r s t National C i n c i n n a t i C o r p o r a t i o n , C i n c i n n a t i ,
Ohio, f o r approval t o a c q u i r e TOO p e r c e n t of t h e
voting shares ( l e s s d i r e c t o r s ' q u a l i f y i n g shares)
of Farmers and Traders Bank of H i l I s b o r o , H i l l s b o r o , Ohio. 1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
e
H.2, 1983 N0. 2
- 7ACTIONS OF THE BOARD - Continued
Richmond
The Maybaco Company, B a l t i m o r e , Maryland, f o r
approval t o a c q u i r e through i t s s u b s i d i a r y ,
E q u i t a b l e B a n c o r p o r a t i o n , B a l t i m o r e , Maryland
i n d i r e c t l y a l l of t h e s h a r e s of E q u i t a b l e
Bank of Delaware, National A s s o c i a t i o n , Dover,
Delaware. J /
Chicago
Hawkeye B a n c o r p o r a t i o n , Des Moines, Iowa, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Onawa S t a t e Bank, Onawa, Iowa. ]_/
Dal l a s
Coastal Bend B a n c s h a r e s , I n c . , Robstown, Texas,
f o r approval t o a c q u i r e 53.9 p e r c e n t of t h e
v o t i n g s h a r e s of Coastal Bend National Bank,
Corpus C h r i s t i , Texas. ] /
Dal l a s
National Bancshares C o r p o r a t i o n of Texas, San
Antonio, Texas, f o r approval t o a c q u i r e 100
p e r c e n t of t h e v o t i n g s h a r e s of Southwest S t a t e
Bank, Corpus C h r i s t i , Texas. J_/
San
Francisco
Washington Community B a n c s h a r e s , I n c . , Tacoma,
Washington, f o r approval t o a c q u i r e 100 p e r c e n t
of t h e v o t i n g s h a r e s of Tumwater S t a t e Bank,
Tumwater, Washington. 1/
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*
*
*
*
To Expand a Bank Holding Company Pursuant t o S e c t i o n
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
New York
17
3/
Withdrawn
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n
t o expand t h e a c t i v i t i e s of 4 e x i s t i n g o f f i c e s
( t h e s a l e of c r e d i t - r e l a t e d p r o p e r t y and c a s u a l t y
i n s u r a n c e p r o t e c t i n g r e a l and personal p r o p e r t y
s u b j e c t t o a s e c u r i t y agreement with C i t i c o r p
Homeowners, Inc. t o t h e e x t e n t p e r m i s s i b l e
under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ) a t 12400 1 - 4 5 & Greens Rd., Houston,
Texas; 5501 LBJ Freeway, D a l l a s , Texas; 5360
F r e d e r i c k s b e r g Rd., San A n t o n i o , Texas; 6620
Harwin D r i v e , Houston, Texas, through i t s
s u b s i d i a r y , C i t i c o r p Homeowners, Inc. (Delaware)
( 1 / 3 / 8 3 ) 3/
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, T983 N0. 2
- 8 ACTIQNS OF THE BOARD - Continued
San
Francisco
New York
Richmond
T7
3/
Approved
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of The C h a r l e s Schwab C o r p o r a t i o n , San
F r a n c i s c o , C a l i f o r n i a , a company t h a t engages in
r e t a i l discount s e c u r i t i e s brokerage, extending
margin l o a n s , and o t h e r i n c i d e n t a l a c t i v i t i e s . 1/
Reacti vated
Deutsche Bank AG, F r a n k f u r t , West Germany, r e q u e s t s
p e r m i s s i o n t o c o n t i n u e t o o p e r a t e an o f f i c e e n gaging in t h e f o l l o w i n g a c t i v i t i e s ((A) p r o v i d e
d e a l e r s of a f f i l i a t e s of Daimler-Benz AG in
t h e United S t a t e s and Canada with w h o l e s a l e
f i n a n c i n g in t h e form of loans t o f i n a n c e d e a l e r s
i n v e n t o r i e s secured by such i n v e n t o r i e s and
(B) p r o v i d e customers of a f f i l i a t e s of Daimler-Benz
AG in t h e United S t a t e s and Canada and t h e i r d e a l e r s
with r e t a i l f i n a n c i n g c o n s i s t i n g of p u r c h a s e s by
t h e company from such a f f i l i a t e s and t h e i r d e a l e r s
of r e t a i l i n s t a l l m e n t o b l i g a t i o n s undertaken by t h e
customer in r e s p e c t of equipment purchased by t h e
c u s t o m e r , of p u r c h a s e s of l e a s e r e c e i v a b l e s and
d e a l e r r e n t a l r e c e i v a b l e s in r e s p e c t of t h e e q u i p ment l e a s e d by t h e customer and of f u l l payout
l e a s i n g of p r o d u c t s of such a f f i l i a t e s and such
d e a l e r s ; in c o n n e c t i o n t h e r e w i t h , t h e company makes
a v a i l a b l e , s o l e l y as a u t h o r i z e d a g e n t , c r e d i t l i f e ,
a c c i d e n t and p h y s i c a l damage i n s u r a n c e ) a t 4545
F u l l e r D r i v e , S u i t e 328, P.O. Box 5225, I r v i n g ,
Texas, t h r o u g h i t s s u b s i d i a r y , F r e i g h t ! i n e r C r e d i t
C o r p o r a t i o n ( 1 / 7 / 8 3 ) 3/
South C a r o l i n a National C o r p o r a t i o n , Columbia, South
C a r o l i n a , n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s (making or a c q u i r i n g l o a n s or o t h e r ext e n s i o n s of c r e d i t f o r i t s own account such as would
be made by a consumer f i n a n c e company; s e r v i c i n g
l o a n s and o t h e r e x t e n s i o n s of c r e d i t f o r t h e account
of o t h e r s ; and o f f e r i n g c r e d i t l i f e and c r e d i t
a c c i d e n t and h e a l t h , and p r o p e r t y i n s u r a n c e d i r e c t l y
r e l a t e d t o i t s e x t e n s i o n s of c r e d i t ) a t 121 Carolina
Avenue, H a r t s v i l l e , South C a r o l i n a , through i t s subs i d i a r y , P r o v i d e n t F i n a n c i a l Corporation
( 1 / 4 / 8 3 ) 3/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 2
- 9 ACTIONS OF THE BOARD - Continued
Chicago
New York
New York
37
American F l e t c h e r C o r p o r a t i o n , I n d i a n a p o l i s , I n d i a n a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s (making or a c q u i r i n g l o a n s or o t h e r
e x t e n s i o n s of c r e d i t f o r p e r s o n a l , f a m i l y or household p u r p o s e s , i n c l u d i n g l o a n s secured by home
e q u i t i e s , p u r c h a s i n g consumer i n s t a l l m e n t s a l e s
f i n a n c e c o n t r a c t s and a c t i n g as agent with r e s p e c t
t o c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e on
borrowing customers and i n s u r a n c e on p r o p e r t y
t a k e n as c o l l a t e r a l f o r such l o a n s and c o n t r a c t s )
a t 711 South Range Line Road, Carmel, I n d i a n a ,
s e r v i n g Hamilton County and Lawrence, Washington
and Pike townships of Marion County, I n d i a n a ,
through i t s s u b s i d i a r y , American F l e t c h e r F i n a n c i a l
S e r v i c e s , Inc.
( 1 / 6 / 8 3 ) 3/
Permitted
Chemical New York C o r p o r a t i o n , New York, New York,
r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a de novo o f f i c e
engaging in t h e f o l l o w i n g a c t i v i t i e s ( g e n e r a t i n g
and s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t ;
making o r a c q u i r i n g consumer l o a n s ; a c q u i r i n g
i n s t a l l m e n t c o n t r a c t s from r e t a i l s e l l e r s c o v e r i n g
t h e time s a l e s of goods and r e l a t e d s e r v i c e s ;
making or a c q u i r i n g l o a n s and o t h e r e x t e n s i o n s
of c r e d i t t o b u s i n e s s e s i n c l u d i n g but not l i m i t e d
t o , i n v e n t o r y f i n a n c i n g ; making a v a i l a b l e t o i t s
d e b t o r s c r e d i t - r e l a t e d l i f e and a c c i d e n t and
h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o such l e n d i n g
a c t i v i t i e s t o t h e e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e laws and r e g u l a t i o n s , t h e s e r v i c e
a r e a of t h i s o f f i c e w i l l be t h e S t a t e of C a l i f o r n i a )
a t 3330 Clayton Road, Concord, C a l i f o r n i a , through
i t s s u b s i d i a r y , Sunamerica C o r p o r a t i o n ( 1 / 7 / 8 3 ) 3/
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n t o
e s t a b l i s h f o u r de novo o f f i c e s of i t s s u b s i d i a r y ,
C i t i c o r p Homeowners, I n c . , ("CHI"), and t o expand
a c t i v i t i e s and s e r v i c e a r e a s of f o u r e x i s t i n g
o f f i c e s of i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n
F i n a n c i a l , C e n t e r , I n c . , ("CPFC") a t t h e same
l o c a t i o n s ; t h e a c t i v i t i e s in which t h e de novo o f f i c e s
of CHI propose t o engage a r e (making or a c q u i r i n g of
l o a n s and o t h e r e x t e n s i o n s of c r e d i t , secured or
u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e s a l e
of c r e d i t - r e l a t e d l i f e and a c c i d e n t and h e a l t h or
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 2
-10ACTIONS OF THE BOARD - Continued
d e c r e a s i n g or l e v e l [ i n t h e case of s i n g l e payment
l o a n s ] term l i f e i n s u r a n c e by l i c e n s e d a g e n t s
or b r o k e r s , as r e q u i r e d ; t h e s a l e of consumer
o r i e n t e d f i n a n c i a l management c o u r s e s ; t h e
s e r v i c i n g , f o r any p e r s o n , of loans and o t h e r
e x t e n s i o n s of c r e d i t ; t h e making, a c q u i r i n g , and
s e r v i c i n g , f o r i t s own account and f o r t h e
account of o t h e r s , of e x t e n s i o n s of c r e d i t t o
i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or
n o n - r e s i d e n t i a l r e a l e s t a t e ; and t h e s a l e of
mortgage l i f e and mortgage d i s a b i l i t y i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l o a n s ;
t h e proposed s e r v i c e a r e a f o r each of t h e de novo
o f f i c e s of CHI s h a l l be comprised of t h e e n t i r e
S t a t e of Oregon f o r a l l t h e a f o r e m e n t i o n e d proposed
a c t i v i t i e s ; t h e new a c t i v i t i e s in which t h e o f f i c e s
of CPFC propose t o engage de novo a r e : t h e making,
a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and
f o r t h e account of o t h e r s , of e x t e n s i o n s of c r e d i t
t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l
or n o n - r e s i d e n t i a l r e a l e s t a t e ; and t h e s a l e of
mortgage l i f e and mortgage d i s a b i l i t y i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l o a n s ;
t h e proposed s e r v i c e a r e a f o r each o f f i c e of
CPFC s h a l l be comprised of t h e e n t i r e S t a t e of
Oregon f o r t h e a f o r e m e n t i o n e d proposed a c t i v i t i e s
and a p o r t i o n of CPFC's p r e v i o u s l y approved
a c t i v i t i e s , s p e c i f i c a l l y , t h e making or a c q u i r i n g
of loans and o t h e r e x t e n s i o n s of c r e d i t , secured
or u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ;
t h e s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and
h e a l t h or d e c r e a s i n g or l e v e l [ i n t h e c a s e of
s i n g l e payment l o a n s ] term l i f e i n s u r a n c e by
l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ; t h e s a l e
of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ;
and t h e s e r v i c i n g , f o r any p e r s o n , of loans and
o t h e r e x t e n s i o n s of c r e d i t ; c r e d i t - r e l a t e d l i f e ,
a c c i d e n t , and h e a l t h i n s u r a n c e may be w r i t t e n by
Family Guardian L i f e I n s u r a n c e Company, an
a f f i l i a t e of CPFC and CHI) a t 11521 N.E. 122nd
S t r e e t , P o r t l a n d , Oregon; 831 L a n c a s t e r D r i v e , N . E . ,
Salem, Oregon; Columbia Square O f f i c e B u i l d i n g ,
111 S.W. Columbia, P o r t l a n d , Oregon; and 11505 S.W.
P a c i f i c Highway, P o r t l a n d , Oregon, through i t s subs i d i a r i e s , CHI and CPFC ( 1 / 2 / 8 3 ) 3/
37
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 2
-It
-
ACTIONS OF THE BOARD - Continued
New York
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n
t o e s t a b l i s h two de novo o f f i c e s of i t s subs i d i a r i e s , C i t i c o r p Homeowners, I n c . ("CHI"),
and C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center
of Utah ("CPFC") t o engage in t h e f o l l o w i n g
a c t i v i t i e s ( t h e making or a c q u i r i n g of loans
and o t h e r e x t e n s i o n s of c r e d i t , s e c u r e d or
u n s e c u r e d , f o r consumer and o t h e r purposes;
t h e s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t
and h e a l t h or d e c r e a s i n g or l e v e l [ i n t h e c a s e
of s i n g l e payment l o a n s ] term l i f e i n s u r a n c e
by l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ;
t h e s a l e of consumer o r i e n t e d f i n a n c i a l management
c o u r s e s ; t h e s e r v i c i n g , f o r any p e r s o n , of loans
and o t h e r e x t e n s i o n s of c r e d i t ; t h e making, a c q u i r i n g ,
and s e r v i c i n g , f o r i t s own account or f o r t h e account
of o t h e r s , of e x t e n s i o n s of c r e d i t t o i n d i v i d u a l s
s e c u r e d by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l
r e a l e s t a t e ; and t h e s a l e of mortgage l i f e and
mortgage d i s a b i l i t y i n s u r a n c e d i r e c t l y r e l a t e d t o
e x t e n s i o n s of mortgage l o a n s ; t h e proposed s e r v i c e
a r e a f o r t h e de novo o f f i c e of CHI and CPFC s h a l l
be comprised of t h e e n t i r e S t a t e of Utah f o r a l l
t h e a f o r e m e n t i o n e d proposed a c t i v i t i e s ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may
be w r i t t e n by Family Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of CHI and CPFC) a t 3828 South
Main, S a l t Lake C i t y , Utah, through i t s s u b s i d i a r i e s ,
CHI and CPFC ( 1 / 2 / 8 3 ) 3/
New York
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n
t o expand t h e a c t i v i t i e s of an e x i s t i n g o f f i c e
of i t s s u b s i d i a r y , C i t i c o r p Acceptance Company,
I n c . , t o include the following a c t i v i t i e s (the
s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and
health or d e c r e a s i n g or l e v e l [ i n t h e c a s e of
s i n g l e payment l o a n s ] term l i f e i n s u r a n c e by
l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ; t h e
making of l o a n s t o i n d i v i d u a l s and b u s i n e s s e s
t o f i n a n c e t h e purchase of mobile homes, modular
u n i t s or r e l a t e d manufactured housing t o g e t h e r
w i t h t h e r e a l p r o p e r t y t o which such housing i s
o r w i l l be permanently a f f i x e d , such p r o p e r t y
being used as s e c u r i t y f o r t h e l o a n s ; and t h e
s e r v i c i n g , f o r any p e r s o n , of l o a n s and o t h e r
e x t e n s i o n s of c r e d i t ; in a d d i t i o n , the o f f i c e
proposes t o broaden i t s p r e v i o u s l y approved
37
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
i
H.2, 1 9 8 3 N 0 . 2
-12ACTIONS OF THE BOARD - Continued
a c t i v i t i e s of t h e e x t e n s i o n of loans t o mobile
home d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y
[ f l o o r p l a n n i n g ] and working c a p i t a l purposes
and t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own
account of s a l e s f i n a n c e c o n t r a c t s r e l a t i n g t o
mobile homes, t o engage in such a c t i v i t i e s
with r e g a r d t o a l l t y p e s of d e a l e r s and a l l t y p e s
of consumer i n s t a l l m e n t p a p e r ) t h e proposed s e r v i c e
a r e a f o r t h e a f o r e m e n t i o n e d a c t i v i t i e s s h a l l be
comprised of t h e e n t i r e S t a t e s of North C a r o l i n a
and South C a r o l i n a , a t 2045 U n i v e r s i t y Parkway,
Republic Square, S u i t e 101, Winston/Salem, North
C a r o l i n a , through i t s s u b s i d i a r y , C i t i c o r p
Acceptance Company, I n c .
( 1 / 2 / 8 3 ) 3/
New York
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n
t o expand t h e s e r v i c e s of two e x i s t i n g o f f i c e s
of i t s s u b s i d i a r i e s , C i t i c o r p Homeowners, Inc.
("CHI") and C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l
C e n t e r , I n c . ("CPFC") engaging in t h e f o l l o w i n g
a c t i v i t i e s ( p r e v i o u s l y approved f o r both o f f i c e s :
t h e making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own
account and f o r t h e account of o t h e r s , of e x t e n s i o n s
of c r e d i t t o i n d i v i d u a l s s e c u r e d by l i e n s on
r e s i d e n t i a l or n o n - r e s i d e n t i a l r e a l e s t a t e ) a t 8133
Leesburg P i k e , Vienna, V i r g i n i a , t h e proposed e x panded s e r v i c e a r e a s h a l l be t h e e n t i r e S t a t e of
P e n n s y l v a n i a , t h r o u g h i t s s u b s i d i a r i e s , CHI and
CPFC ( 1 / 2 / 8 3 ) 3 /
New York
Deutsche Bank, AG, F r a n k f u r t , West Germany, r e q u e s t s
p e r m i s s i o n t o c o n t i n u e t o o p e r a t e an o f f i c e engaging in t h e f o l l o w i n g a c t i v i t i e s ((A) p r o v i d e
d e a l e r s of a f f i l i a t e s of Daimler-Benz AG in
t h e United S t a t e s and Canada with w h o l e s a l e
f i n a n c i n g in t h e form of l o a n s t o f i n a n c e d e a l e r s
i n v e n t o r i e s s e c u r e d by such i n v e n t o r i e s and
(B) p r o v i d e customers of a f f i l i a t e s of Daimler-Benz
AG in t h e United S t a t e s and Canada and t h e i r d e a l e r s
with r e t a i l f i n a n c i n g c o n s i s t i n g of p u r c h a s e s by
t h e company from such a f f i l i a t e s and t h e i r d e a l e r s
of r e t a i l i n s t a l l m e n t o b l i g a t i o n s undertaken by t h e
customer in r e s p e c t of equipment purchased by t h e
c u s t o m e r , of p u r c h a s e s of l e a s e r e c e i v a b l e s and
d e a l e r r e n t a l r e c e i v a b l e s in r e s p e c t of t h e e q u i p ment l e a s e d by t h e customer and of f u l l payout
l e a s i n g of p r o d u c t s of such a f f i l i a t e s and such
37
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
I
H.2, 1983 No. 2
- 13 ~
ACTIONS OF THE BOARD - Continued
d e a l e r s ; in c o n n e c t i o n t h e r e w i t h , t h e company makes
a v a i l a b l e , s o l e l y as a u t h o r i z e d a g e n t , c r e d i t l i f e ,
a c c i d e n t and p h y s i c a l damage i n s u r a n c e ) a t 4545
F u l l e r D i r v e , S u i t e 328, P.O. Box 5225, I r v i n g ,
Texas, through i t s s u b s i d i a r y , F r e i g h t l i n e r C r e d i t
Corporation
( 1 / 7 / 8 3 ) 3/
New York
F i r s t National S t a t e B a n c o r p o r a t i o n , Newark, New
J e r s e y , requests permission t o e s t a b l i s h a t r u s t
company and t o engage in t h e f o l l o w i n g a c t i v i t i e s
(performance and c a r r y i n g on of any one or more
of t h e f u n c t i o n s or a c t i v i t i e s t h a t may be p e r formed or c a r r i e d on by a n a t i o n a l t r u s t company
in a manner a u t h o r i z e d by a p p l i c a b l e f e d e r a l and
s t a t e law) a t 150 East Palmetto Park Road, Boca
Raton, F l o r i d a , through i t s s u b s i d i a r y , F i r s t
National S t a t e T r u s t Company ( 1 / 2 / 8 3 ) 3/
New York
Horizon Bancorp, Morristown, New J e r s e y , r e q u e s t s
p e r m i s s i o n t o e s t a b l i s h a de novo o f f i c e t o
engage in t h e f o l l o w i n g a c t i v i t i e s (making or
a c q u i r i n g , f o r i t s own account or f o r t h e account
of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t
i n c l u d i n g i s s u i n g l e t t e r s of c r e d i t and a c c e p t i n g
d r a f t s such as would be made, f o r example, by
a m o r t g a g e , f i n a n c e , c r e d i t card or f a c t o r i n g
company; and l e a s i n g p e r s o n a l p r o p e r t y or a c t i n g
as b r o k e r or a d v i s o r in l e a s i n g such p r o p e r t y
provided such l e a s e s meet t h e c r i t e r i a of
S e c t i o n 2 2 5 . 4 ( a ) ( 6 ) of R e g u l a t i o n Y) a t S u i t e 7613,
76 P e r i m e t e r Center E a s t , A t l a n t a , G e o r g i a , through
i t s s u b s i d i a r y , Horizon C r e d i t c o r p ( 1 / 2 / 8 3 ) 3/
Richmond
South C a r o l i n a National C o r p o r a t i o n , Columbia, South
C a r o l i n a , n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s (making or a c q u i r i n g l o a n s or o t h e r e x t e n s i o n s of c r e d i t f o r i t s own a c c ount such as would
be made by a consumer f i n a n c e company, s e r v i c i n g l o a n s
and o t h e r e x t e n s i o n s of c r e d i t f o r t h e account of
o t h e r s ; and o f f e r i n g c r e d i t l i f e and c r e d i t a c c i d e n t
and h e a l t h , and p r o p e r t y i n s u r a n c e d i r e c t l y r e l a t e d
t o i t s e x t e n s i o n s of c r e d i t ) a t 121 C a r o l i n a Avenue,
H a r t s v i l l e , South C a r o l i n a , through i t s s u b s i d i a r y ,
P r o v i d e n t F i n a n c i a l C o r p o r a t i o n ( 1 / 4 / 8 3 ) 3/
3/
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 2
-14ACTIONS OF THE BOARD - Continued
Chicago
American F l e t c h e r C o r p o r a t i o n , I n d i a n a p o l i s , I n d i a n a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s (making or a c q u i r i n g loans or o t h e r
e x t e n s i o n s of c r e d i t f o r p e r s o n a l , f a m i l y or
household p u r p o s e s , i n c l u d i n g loans secured by
home e q u i t i e s , p u r c h a s i n g consumer i n s t a l l m e n t
s a l e s f i n a n c e c o n t r a c t s and a c t i n g as agent
with r e s p e c t t o c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e on borrowing customers and i n s u r a n c e on
p r o p e r t y t a k e n as c o l l a t e r a l f o r such l o a n s and
c o n t r a c t s ) a t 711 South Range Line Road, Carmel,
I n d i a n a , s e r v i n g Hamilton County and Lawrence,
Washington and Pike townships of Marion County,
I n d i a n a , through i t s s u b s i d i a r y , American F l e t c h e r
F i n a n c i a l S e r v i c e s , Inc.
( 1 / 7 / 8 3 ) 3/
Minneapolis
Northwest B a n c o r p o r a t i o n , M i n n e a p o l i s , Minnesota,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s (in t h e a c t i v i t i e s of consumer and
commercial f i n a n c e , and t h e s a l e of c r e d i t - r e l a t e d
i n s u r a n c e ) a t Salem P l a z a , 1111 North Salem D r i v e ,
Schaumburg, I l l i n o i s , which o f f i c e w i l l s e r v e
Schaumburg, I l l i n o i s , o t h e r nearby suburbs of
Chicago, I l l i n o i s , through i t s s u b s i d i a r y ,
Dial Finance Company of I l l i n o i s
( 1 / 4 / 8 3 ) 3/
Minneapolis
S e c u r i t y S t a t e Bank S h a r e s , P o i s o n , Montana, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( t o engage in t h e s a l e of general i n s u r a n c e in a
town with a p o p u l a t i o n not exceeding 5,000) a t
301 Main S t r e e t , P o i s o n , Montana, s e r v i n g t h e
C i t y of Poison, Montana and t h e s u r r o u n d i n g
r u r a l a r e a , through a s u b s i d i a r y , Poison
I n s u r a n c e Agency, Inc.
(1/4/83) V
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s (making or a c q u i r i n g f o r i t s own account
l o a n s and o t h e r e x t e n s i o n s of c r e d i t such as
would be made or a c q u i r e d by a f i n a n c e company;
s e r v i c i n g loans and o t h e r e x t e n s i o n s of c r e d i t ;
and o f f e r i n g c r e d i t - r e l a t e d l i f e i n s u r a n c e and
c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e ;
c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e w i l l not be
o f f e r e d by e i t h e r c o r p o r a t i o n in t h e S t a t e of
Michigan; such a c t i v i t i e s w i l l i n c l u d e , but
not be l i m i t e d t o , making consumer i n s t a l l m e n t
37
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 N0. 2
-15ACTIONS OF THE BOARD - Continued
loans, purchasing installment s a l e s finance
c o n t r a c t s , making l o a n s and o t h e r e x t e n s i o n s
of c r e d i t t o small b u s i n e s s e s , making loans
secured by r e a l and p e r s o n a l p r o p e r t y , and
o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d
a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d
t o e x t e n s i o n s of c r e d i t made or a c q u i r e d by
both FinanceAmerica C r e d i t C o r p o r a t i o n and
FinanceAmerica C o r p o r a t i o n , t o t h e e x t e n t
p e r m i t t e d by Michigan law; c r e d i t - r e l a t e d l i f e
and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e
may be r e i n s u r e d by BA Insurance Company, I n c . ,
an a f f i l i a t e of both FinanceAmerica C r e d i t
C o r p o r a t i o n and FinanceAmerica C o r p o r a t i o n ) in
B a t t l e Creek, Grand R a p i d s , F l u s h i n g , J a c k s o n ,
Kalamazoo, Lansing, Livonia and Troy, Michigan,
s e r v i n g t h e e n t i r e S t a t e of Michigan, through
i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica C r e d i t
C o r p o r a t i o n (a Delaware c o r p o r a t i o n ) and F i n a n c e America C o r p o r a t i o n (a Michigan c o r p o r a t i o n )
( 1 / 8 / 8 3 ) 3/
San
Franci sco
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
(making or a c q u i r i n g f o r i t s own account or f o r t h e
account of o t h e r s , l o a n s and e x t e n s i o n s of c r e d i t ,
i n c l u d i n g making consumer i n s t a l l m e n t p e r s o n a l l o a n s ,
p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e cont r a c t s , making loans t o small b u s i n e s s e s and
o t h e r e x t e n s i o n s of c r e d i t such as would be
made by a f a c t o r i n g company or a consumer f i n a n c e
company, and a c t i n g as b r o k e r or agent f o r t h e s a l e
of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e ) in Birmingham, Alabama, s e r v i n g t h e S t a t e
of Alabama; C h a r l o t t e and R a l e i g h , North C a r o l i n a ,
s e r v i n g t h e S t a t e of North C a r o l i n a and C h a r l e s t o n
and Columbia, South C a r o l i n a , s e r v i n g t h e S t a t e
of South C a r o l i n a , through i t s s u b s i d i a r y , S e c u r i t y
P a c i f i c Finance Corp. ( 1 / 7 / 8 3 ) 3/
San
Francisco
U. S. Bancorp, P o r t l a n d , Oregon, n o t i f i c a t i o n of i n t e n t
t o engage in de novo a c t i v i t i e s (making, a c q u i r i n g
and s e r v i c i n g of loans and o t h e r e x t e n s i o n s of
c r e d i t , e i t h e r secured or u n s e c u r e d , f o r i t s
own account or f o r t h e account of o t h e r s , i n c l u d i n g
but not l i m i t e d t o , commercial, consumer l o a n s ;
i n s t a l l m e n t s a l e s c o n t r a c t s and o t h e r forms of
2?
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e
Board of Governors u n d e r d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 2
-
16
-
ACTIONS OF THE BOARD - Continued
r e c e i v a b l e s ; i s s u i n g passbook and investment
c e r t i f i c a t e s ; making i n v e s t m e n t s as p e r m i t t e d by
Colorado Revised S t a t u t e s 11-22-101 t o 11-22-517;
and a c t i n g as i n s u r a n c e agent with r e g a r d t o
c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e s o l e l y in
c o n n e c t i o n with e x t e n s i o n s of c r e d i t by F t . C o l l i n s
I n d u s t r i a l ) a t Fort C o l l i n s U. S. I n d u s t r i a l
Bank, 760 Whalers Way, Fort C o l l i n s , Colorado,
t h r o u g h Fort C o l l i n s U. S. I n d u s t r i a l Bank,
a wholly-owned s u b s i d i a r y of U. S. Bancorp
F i n a n c i a l , Inc. (1/8/83)
~Zj
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H . 2 , 1983 No. 2
17 APPLICATIONS RECEIVED
To E s t a b l i s h a Domestic Branch Pursuant t o
S e c t i o n 9 of t h e Federal Reserve Act
New York
United J e r s e y Bank, Hackensack, New J e r s e y . To
e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y a t t h e
f o l l o w i n g l o c a t i o n s : Commerce Center O f f i c e of
United J e r s e y Bank/Southwest, Haddonfield Road
& Chapel Avenue, Cherry H i l l , New J e r s e y ;
P l a i n s b o r o O f f i c e of F i r s t National Bank of
P r i n c e t o n , 656 P l a i n s b o r o Road, P l a i n s b o r o ,
New J e r s e y . 2/
Richmond
F i r s t V i r g i n i a Bank, F a l l s Church, V i r g i n i a . To
e s t a b l i s h a branch a t South L a k e s / V i l l a g e C e n t e r ,
11100 South Lakes D r i v e , R e s t o n , F a i r f a x County,
V i r g i n i a . 2/
Atlanta
Bank I n d e p e n d e n t , S h e f f i e l d , Alabama. To e s t a b l i s h
a branch o f f i c e l o c a t e d a t 300 Cox Creek Parkway,
F l o r e n c e , Alabama. 2/
Atlanta
F l a g s h i p Bank of Tampa, Tampa, F l o r i d a . To e s t a b l i s h
a branch o f f i c e l o c a t e d n o r t h w e s t of t h e i n t e r s e c t i o n of Casey Road and Gunn Highway, 4507 Gunn
Highway, Tampa, F l o r i d a . 2/
Atlanta
Bank I n d e p e n d e n t , S h e f f i e l d , Alabama. To e s t a b l i s h
a branch l o c a t e d a t 105 North Main S t r e e t ,
Cherokee, Alabama. 2]
Chicago
Michigan Bank - Port Huron, Port Huron, Michigan.
To e s t a b l i s h a branch a t 2314 Pine Grove, Port
Huron, Michigan. 2j
Chicago
Michigan Bank - Port Huron, Port Huron, Michigan.
To e s t a b l i s h a branch a t 6690 S. River Road,
Marine C i t y , Michigan. 2/
Dallas
The F i r s t S t a t e Bank, A b i l e n e , Texas. To e s t a b l i s h
an o f f s i t e e l e c t r o n i c f a c i l i t y a t 2181 Hickory,
A b i l e n e , Texas. 2J
Dallas
C i t i z e n s Bank and T r u s t Company of Baytown, Texas,
Baytown, Texas. To e s t a b l i s h an o f f s i t e e l e c t r o n i c
f a c i l i t y t o Baytown, Texas. 2/
TJ
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
a s t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983 N0. 2
-18APPLICATIONS RECEIVED - Continued
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other Actions Pursuant t o S e c t i o n s
25 and 25(a) of t h e Federal Reserve Act and S e c t i o n s
4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company
Act of 1956, as amended
New York
Marine Midland Overseas C o r p o r a t i o n , New York,
New York: p r i o r n o t i c e t o d i r e c t l y a c q u i r e
a 100 p e r c e n t e q u i t y i n t e r e s t in a de novo
investment a d v i s o r y company, Marine Midland
( C . I . ) L i m i t e d , J e r s e y , Channel I s l a n d s , and
f o r MMCI t o d i r e c t l y a c q u i r e a TOO p e r c e n t
e q u i t y i n t e r e s t in a de novo a d v i s o r y s e r v i c e s
company, MMB Advisory~%Jersey) L i m i t e d , J e r s e y ,
Channel I s l a n d s , and a de novo mutual f u n d ,
I n t e r c u r r e n c y Fund L i m i t e d , Monaco, Channel
Islands.
Chicago
F i r s t Chicago I n t e r n a t i o n a l Finance C o r p o r a t i o n ,
Chicago, I l l i n o i s : p r i o r n o t i f i c a t i o n of i t s
i n t e n t t o make an a d d i t i o n a l investment in i t s
wholly-owned s u b s i d i a r y , The F i r s t National Bank
of Chicago ( C . I . ) , L i m i t e d , S t . P e t e r s P o r t ,
Guernsey.
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o Section
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Philadelphia
Newco, P h i l a d e l p h i a , P e n n s y l v a n i a , f o r approval t o
a c q u i r e P h i l a d e l p h i a National C o r p o r a t i o n ,
P h i l a d e l p h i a , Pennsylvania and i n d i r e c t l y a c q u i r e
P h i l a d e l p h i a National Bank, Ardmore, Pennsylvania
and The P h i l a d e l p h i a Bank ( D e l a w a r e ) , Wilmington,
Delaware. 2/
Cleveland
F i r s t F i n a n c i a l Bancorp, Monroe, Ohio, f o r approval
t o a c q u i r e t h e v o t i n g s h a r e s of F i r s t National
Bank of Southwestern Ohio, Monroe, Ohio, and
The C i t i z e n s Commercial Bank & Trust Company,
C e l i n a , Ohio. 2/
2/
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983 No. 2
- 19
APPLICATIONS RECEIVED - Continued
Atlanta
Bartow B a n c s h a r e s , I n c . , C a r t e r s v i 1 l e , G e o r g i a ,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t
of t h e v o t i n g s h a r e s of Bartow County Bank,
C a r t e r s v i l l e , G e o r g i a . 2/
Atlanta
CCB B a n c s h a r e s , I n c . , H a h i r a , G e o r g i a , f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
C i t i z e n s Bank of H a h i r a , H a h i r a , Georgia. 2/
Atlanta
Gueydan B a n c s h a r e s , I n c . , Gueydan, L o u i s i a n a , f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of Bank of Gueydan, Gueydan,
L o u i s i a n a . 2/
Chicago
I n t e r c i t y B a n c o r p o r a t i o n , I n c . , S c h o f i e l d , Wisc o n s i n , f o r approval t o a c q u i r e a t l e a s t 95.6
p e r c e n t or more of t h e v o t i n g s h a r e s of I n t e r c i t y S t a t e Bank, S c h o f i e l d , Wisconsin. 2/
Chicago
Naperville Financial Corporation, Napervilie,
I l l i n o i s , f o r approval t o a c q u i r e a t l e a s t 80
p e r c e n t or more of t h e v o t i n g s h a r e s of The
N a p e r v i l l e National Bank and T r u s t Company,
N a p e r v i l i e , I l l i n o i s , N a p e r v i l l e , I l l i n o i s . 2/
Chicago
SOUTH CENTRAL BANCORP, Edinburg, I n d i a n a , f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
voting shares (less d i r e c t o r s 1 qualifying shares)
of s u c c e s s o r by merger t o The Edinburg S t a t e
Bank, Edinburg, I n d i a n a . 2/
Chicago
T e r r e Haute F i r s t C o r p o r a t i o n , T e r r e Haute, I n d i a n a ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of
s u c c e s s o r by merger t o T e r r e Haute F i r s t National
Bank, T e r r e Haute, I n d i a n a . 2/
S t . Louis
F i r s t Financial Services,
Tennessee, f o r approval
of t h e v o t i n g s h a r e s of
t o The F i r s t S t a t e Bank
v i l l e , Tennessee. 2/
Minneapolis
Dewco Agency, I n c . , Timber Lake, South Dakota, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Dewey County Bank, Timber Lake, South
Dakota. 2/
2/
Inc., Brownsville,
t o a c q u i r e 100 p e r c e n t
t h e s u c c e s s o r by merger
of B r o w n s v i l l e , Browns-
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
i
H.2, T983 No. 2
-20APPLICATIONS RECEIVED - Continued
Minneapolis
McCook B a n c s h a r e s , I n c . , Salem, South Dakota,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of
t h e v o t i n g s h a r e s of The McCook County National
Bank of Salem, Salem, South Dakota. 2j
Minneapolis
Stephen B a n c s h a r e s , I n c . , S t e p h e n , Minnesota, f o r
approval t o a c q u i r e a t l e a s t 99 p e r c e n t of t h e
v o t i n g s h a r e s of Farmers S t a t e Bank of Stephen,
Stephen, Minnesota. 2/
Kansas City
Derby F i n a n c i a l C o r p o r a t i o n , W i c h i t a , Kansas, f o r
approval t o a c q u i r e a t l e a s t 9 6 . 7 p e r c e n t of
t h e v o t i n g s h a r e s of Derby B a n c s h a r e s , Inc. and
i n d i r e c t l y F i r s t National Bank of Derby, both
of Derby, Kansas. 2 ]
Kansas City
F i r s t Independent Bancorp, I n c . , Chickasha, Oklahoma,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of F i r s t National Bank and Trust
Company, C h i c k a s h a , Oklahoma. 2/
Kansas City
Garden Banc S h a r e s , I n c . , Hutchinson, Kansas, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of The Fourth Bank of Garden C i t y , N.A.,
Garden C i t y , Kansas, a proposed new bank. 2/
Kansas City
L a f a y e t t e County B a n c s h a r e s , I n c . , L e x i n g t o n ,
M i s s o u r i , f o r approval t o a c q u i r e a t l e a s t 82.67
p e r c e n t of t h e v o t i n g s h a r e s of L a f a y e t t e County
Bank of L e x i n g t o n / W e l l i n g t o n , W e l l i n g t o n ,
M i s s o u r i . 2/
Dallas
Amarillo Western B a n c s h a r e s , I n c . , A m a r i l l o ,
Texas, f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t
of t h e v o t i n g s h a r e s of Western National Bank,
A m a r i l l o , Texas. 2/
Dallas
F i r s t Commonwealth B a n c s h a r e s , I n c . , Bell a i r e ,
Texas, f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t
of t h e v o t i n g s h a r e s of The Commonwealth Bank,
Bell a i r e , Texas. 2/
2/
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act.
The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983 No. 2
- 21 APPLICATIONS RECEIVED - Continued
Dallas
Lincoln B a n c s h a r e s , I n c . , Ruston, L o u i s i a n a ,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t
of t h e v o t i n g s h a r e s of Lincoln Bank & Trust
Company, Ruston, L o u i s i a n a . 2/
Dallas
Nichols B a n c s h a r e s , I n c . , Kenedy, Texas, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of F i r s t Nichols National Bank of
Kenedy, Kenedy, Texas. 2j
Dallas
Texas F i r s t F i n a n c i a l C o r p o r a t i o n , San A u g u s t i n e ,
Texas, f o r approval t o a c q u i r e 80 p e r c e n t of t h e
v o t i n g s h a r e s of San Augustine B a n c s h a r e s , I n c . ,
San A u g u s t i n e , Texas and i n d i r e c t l y Commercial
S t a t e Bank, San A u g u s t i n e , Texas. 2J
Dallas
Texas Gulf Coast B a n c s h a r e s , I n c . , Bay C i t y , Texas,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Bay City Bank 8 T r u s t C o . , Bay C i t y ,
Texas. 2J
San
Francisco
C a p i t a l Bancorp, Downey, C a l i f o r n i a , f o r approval t o
a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of C a p i t a l
Bank, Downey, C a l i f o r n i a . 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
Philadelphia
National C e n t r a l F i n a n c i a l C o r p o r a t i o n , L a n c a s t e r ,
P e n n s y l v a n i a , f o r approval t o a c q u i r e P h i l a d e l p h i a
National C o r p o r a t i o n , P h i l a d e l p h i a , Pennsylvania
and i n d i r e c t l y a c q u i r e P h i l a d e l p h i a National Bank,
Ardmore, Pennsylvania and The P h i l a d e l p h i a Bank
( D e l a w a r e ) , Wilmington, Delaware. 2 j
Cleveland
I n t e r s t a t e F i n a n c i a l C o r p o r a t i o n , Dayton, Ohio,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of The Waynesvilie National Bank, Waynesv i l l e , Ohio. 2/
27
~~
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
a s t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983 No. 2
- 2 2 -
APPLICATIONS RECEIVED - Continued
Cleveland
Northwest Pennsylvania C o r p . , Oil C i t y , P e n n s y l v a n i a ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Union Bank & T r u s t Co., E r i e , E r i e ,
P e n n s y l v a n i a . 2/
Chicago
F i r s t I l l i n o i s C o r p o r a t i o n , Evanston, I l l i n o i s , f o r
approval t o a c q u i r e 100 p e r c e n t of t h e voting
s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of
s u c c e s s o r by merger t o Northwest Trust & Savings
Bank, A r l i n g t o n H e i g h t s , I l l i n o i s . 2/
Kansas City
Arkansas Valley Banc S h a r e s , I n c . ; Northwest Kansas
Banc S h a r e s , I n c . ; Santa Fe T r a i l Banc S h a r e s ,
Inc. and Southwest Kansas Banc S h a r e s , I n c . ,
Hutchinson, Kansas, f o r approval t o a c q u i r e 16.67
p e r c e n t each of Garden Banc S h a r e s , I n c . , Hutchinson,
Kansas and i n d i r e c t l y The Fourth Bank of Garden C i t y ,
N.A., Garden C i t y , Kansas, a proposed new bank. 2j
Kansas City
Chisholm T r a i l F i n a n c i a l C o r p o r a t i o n , W i c h i t a , Kansas,
f o r approval t o a c q u i r e a t l e a s t 24.9 p e r c e n t of
t h e v o t i n g s h a r e s of Derby F i n a n c i a l C o r p o r a t i o n ,
W i c h i t a , Kansas. 2/
Kansas City
Republic Bancshares of M i s s o u r i , I n c . , Kansas C i t y ,
M i s s o u r i , f o r approval t o a c q u i r e a t l e a s t 90
p e r c e n t of t h e v o t i n g s h a r e s of S t . James Bank,
S t . James, M i s s o u r i . 2/
Dallas
F i r s t City B a n c o r p o r a t i o n of Texas, I n c . , Houston,
Texas, f o r approval t o a c q u i r e 100 p e r c e n t of
t h e v o t i n g s h a r e s of F i r s t City Bank-MOPAC, N.A.,
A u s t i n , Texas, a proposed new bank. 2]
*
2J
*
*
*
*
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
H . ? , 1983 No. 2
- 23 APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956
Philadelphia
F i d e l c o r , I n c . , Rosemont, P e n n s y l v a n i a , f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
S o u t h e a s t National Bancshares of P e n n s y l v a n i a , I n c . ,
Malvern, P e n n s y l v a n i a , and i n d i r e c t l y Southeast
National Bank of P e n n s y l v a n i a , East Whiteland,
P e n n s y l v a n i a . 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o S e c t i o n
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
Boston
F l e e t F i n a n c i a l Group, I n c . , P r o v i d e n c e , Rhode I s l a n d ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( ( i ) t h e o r i g i n a t i o n , s a l e and s e r v i c i n g of r e s i d e n t i a l mortgage l o a n s , commercial mortgage loans and
l o a n s s e c u r e d by j u n i o r l i e n s on r e s i d e n t i a l r e a l
e s t a t e and ( i i ) t h e s a l e of c r e d i t l i f e and c r e d i t
a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o
e x t e n s i o n s of c r e d i t ) a t 14 Commerce D r i v e , C r a n f o r d ,
New J e r s e y , s e r v i n g t h e S t a t e of New J e r s e y , through
i t s d i r e c t s u b s i d i a r y , F l e e t Mortgage Corp. ( f o r m e r l y
Mortgage A s s o c i a t e s , I n c . )
(1/7/83)
New York
B a r c l a y s Bank PLC and B a r c l a y s Bank I n t e r n a t i o n a l
L i m i t e d , both of London, England, r e q u e s t s p e r m i s s i o n
t o e s t a b l i s h a de novo o f f i c e engaging in t h e
f o l l o w i n g a c t i v i t i e s ( l e a s e f i n a n c i n g of p e r s o n a l
p r o p e r t y by means of l e a s e s t h a t meet t h e s t a n d a r d s
of S e c t i o n 2 2 5 . 4 ( a ) ( 6 ) of R e g u l a t i o n Y) a t 500 F i f t h
Avenue, New York, New York, through i t s s u b s i d i a r y ,
Barclays-American/Leasing, Inc.
(1/5/83)
New York
B a r c l a y s Bank PLC and B a r c l a y s Bank I n t e r n a t i o n a l , L t d . ,
both of London, England, r e q u e s t p e r m i s s i o n t o
r e l o c a t e an e x i s t i n g o f f i c e engaging in t h e f o l l o w i n g
a c t i v i t i e s ( ( I ) in making d i r e c t consumer l o a n s ,
i n c l u d i n g l o a n s s e c u r e d by r e a l e s t a t e , and p u r chasing s a l e s finance c o n t r a c t s representing ext e n s i o n s of c r e d i t such as would be made or a c q u i r e d
by a consumer f i n a n c e company, and w h o l e s a l e f i n a n c i n g
2j
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
a s t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983 No. 2
-24APPLICATIONS RECEIVED - Continued
[ f l o o r p l a n n i n g ] and ( I I ) a c t i n g as agent f o r
t h e s a l e of r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t
and h e a l t h and c r e d i t p r o p e r t y i n s u r a n c e ; c r e d i t
l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e
s o l d as agent may be u n d e r w r i t t e n or r e i n s u r e d
by BAC's i n s u r a n c e u n d e r w r i t i n g s u b s i d i a r i e s )
from 8201 S.W. Barbur Boulevard, P o r t l a n d , Oregon
t o 4800 S.W. G r i f f i t h D r i v e , B e a v e r t o n , Oregon,
through i t s s u b s i d i a r y , B a r e T a y s A m e r i c a n / F i n a n c i a l ,
Inc.
(1/4/83)
New York
Chemical New York C o r p o r a t i o n , New York, New York,
r e q u e s t s p e r m i s s i o n t o r e l o c a t e an e x i s t i n g o f f i c e
engaging in t h e f o l l o w i n g a c t i v i t i e s ( t o c o n t i n u e
t o engage in t h e p r e v i o u s l y approved a c t i v i t i e s
of making d i r e c t l o a n s , p u r c h a s i n g i n s t a l l m e n t
s a l e s f i n a n c e c o n t r a c t s , and a c t i n g as agent or
b r o k e r f o r t h e s a l e of l i f e , a c c i d e n t and h e a l t h ,
and p r o p e r t y and c a s u a l t y i n s u r a n c e d i r e c t l y r e l a t e d
t o such e x t e n s i o n s of c r e d i t ) from 897 P e t e r s Creek
Parkway, Winston-Salem, North C a r o l i n a t o 175 C h a r l o i s
Boulevard, Winston-Salem, North C a r o l i n a , through i t s
s u b s i d i a r y , Sunamerica F i n a n c i a l Corporation ( 1 / 3 / 8 3 )
New York
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n t o
expand t h e a c t i v i t i e s of an e x i s t i n g o f f i c e t o i n c l u d e t h e f o l l o w i n g a c t i v i t i e s ( t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g
or l e v e l [ i n t h e c a s e of s i n g l e payment l o a n s ] term
l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as
r e q u i r e d ; and t h e s e r v i c i n g , f o r any p e r s o n , of
loans and o t h e r e x t e n s i o n s of c r e d i t ; in a d d i t i o n ,
t h e o f f i c e proposes t o broaden i t s p r e v i o u s l y
approved a c t i v i t i e s of t h e e x t e n s i o n of loans t o
mobile home d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y
[ f l o o r p l a n n i n g ] and working c a p i t a l purposes and
t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own account of
s a l e s f i n a n c e c o n t r a c t s r e l a t i n g t o mobile homes,
t o engage in such a c t i v i t i e s with regard t o a l l
t y p e s of d e a l e r s and a l l t y p e s of consumer i n s t a l l ment p a p e r ; t h e proposed s e r v i c e area f o r t h e a f o r e mentioned a c t i v i t i e s s h a l l be comprised of t h e e n t i r e
S t a t e s of Michigan, Indiana and Ohio) a t 17117 West
Nine Mile Road, North Park P l a z a , S u i t e 709, Southf i e l d , Michigan, through i t s s u b s i d i a r y , C i t i c o r p
Acceptance Company, I n c . (Delaware) ( 1 / 4 / 8 3 )
H.2, 1983 No. 2
- 25 APPLICATIONS RECEIVED - Continued
New York
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n
t o e s t a b l i s h two de novo o f f i c e s engaging in t h e
f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g of
l o a n s and o t h e r e x t e n s i o n s of c r e d i t , secured or
unsecured f o r consumer and o t h e r p u r p o s e s ; t h e
s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and
h e a l t h o r d e c r e a s i n g or l e v e l [ i n t h e c a s e of
s i n g l e payment l o a n s ] term l i f e i n s u r a n c e by
l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ; t h e s a l e
of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ;
t h e s e r v c i n g , f o r any p e r s o n , of l o a n s and o t h e r
e x t e n s i o n s of c r e d i t ; t h e making, a c q u i r i n g , and
s e r v i c i n g , f o r i t s own account and f o r t h e account
of o t h e r s , of e x t e n s i o n s of c r e d i t t o i n d i v i d u a l s
s e c u r e d by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l
r e a l e s t a t e ; and t h e s a l e of mortgage l i f e and
mortgage d i s a b i l i t y i n s u r a n c e d i r e c t l y r e l a t e d t o
e x t e n s i o n s of mortgage l o a n s ; t h e de novo o f f i c e
of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c .
proposes t o engage in o p e r a t i n g as an o f f i c e of an
i n d u s t r i a l loan company in t h e manner a u t h o r i z e d by
Minnesota Law, i n c l u d i n g t h e f o l l o w i n g a c t i v i t i e s :
t h e making o r a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s
of c r e d i t , s e c u r e d or u n s e c u r e d , f o r consumer and
o t h e r p u r p o s e s ; t h e s a l e of c r e d i t - r e l a t e d l i f e
and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l [ i n
t h e c a s e of s i n g l e payment l o a n s ] term l i f e i n s u r a n c e
by l i c e n s e d a g e n t s or b r o k e r s , a s r e q u i r e d ; t h e
i s s u i n g of t h r i f t c e r t i f i c a t e s and t h r i f t passbook
c e r t i f i c a t e s ; t h e s a l e of consumer o r i e n t e d f i n a n c i a l
management c o u r s e s ; t h e s e r v i c i n g , f o r any p e r s o n , of
l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; t h e making,
a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and
f o r t h e account of o t h e r s , of e x t e n s i o n s of c r e d i t
t o i n d i v i d u a l s s e c u r e d by l i e n s on r e s i d e n t i a l or
n o n - r e s i d e n t i a l r e a l e s t a t e ; and t h e s a l e of mortgage
l i f e and mortgage d i s a b i l i t y i n s u r a n c e d i r e c t l y
r e l a t e d t o e x t e n s i o n s of mortgage l o a n s ; t h e p r o posed s e r v i c e a r e a f o r t h e de novo o f f i c e of C i t i c o r p
P e r s o n - t o - P e r s o n F i n a n c i a l "Center, I n c . and t h e
de novo o f f i c e of C i t i c o r p Homeowners, I n c . s h a l l
Be comprised of t h e e n t i r e S t a t e of Minnesota f o r
a l l a f o r e m e n t i o n e d proposed a c t i v i t i e s ) a t B u r n s v i l i e
D i s t r i c t C e n t e r , A l d r i c h Avenue and County Road 42,
Burnsvi H e , M i n n e s o t a , t h r o u g h i t s s u b s i d i a r i e s ,
C i t i c o r p Homeowners, I n c . and C i t i c o r p P e r s o n - t o Person F i n a n c i a l C e n t e r , Inc. ( 1 / 4 / 8 3 )
H.2, 1983 No. 2
- 26 APPLICATIONS RECEIVED - Continued
New York
C i t i c o r p , New York, New York, requests permission
t o e s t a b l i s h two de novo o f f i c e s engaging in
the f o l l o w i n g a c t i v i t i e s (the a c t i v i t i e s in which
t h e de novo o f f i c e of C i t i c o r p Homeowners, Inc.
proposes t o engage a r e : the making or acquiring
of loans and other e x t e n s i o n s of c r e d i t , secured
or unsecured, f o r consumer and other purposes;
t h e s a l e of c r e d i t - r e l a t e d l i f e and accident and
health or decreasing or l e v e l [ i n t h e case of
s i n g l e payment l o a n s ] term l i f e insurance by
l i c e n s e d agents or brokers, as required; t h e
s a l e of consumer o r i e n t e d f i n a n c i a l management
c o u r s e s ; the s e r v i c i n g , f o r any person, of loans
and other e x t e n s i o n s of c r e d i t ; the making,
a c q u i r i n g , and s e r v i c i n g , f o r i t s own account
and f o r t h e account of o t h e r s , of e x t e n s i o n s of
c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l real e s t a t e ; and the
s a l e of mortgage l i f e and mortgage d i s a b i l i t y
insurance d i r e c t l y r e l a t e d t o e x t e n s i o n s of
mortgage l o a n s ; t h e de novo o f f i c e of C i t i c o r p
Person-to-Person Financial Center, Inc. proposes
t o engage in operating as an o f f i c e of an i n d u s t r i a l loan company in t h e manner authorized
by Minnesota law, including the f o l l o w i n g
a c t i v i t i e s ; the making or acquiring of loans
and other e x t e n s i o n s of c r e d i t , secured or
unsecured, f o r consumer and other purposes;
the s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t
and h e a l t h or decreasing or l e v e l [ i n the case
of s i n g l e payment l o a n s ] term l i f e insurance by
l i c e n s e d agents or brokers, as required; the
i s s u i n g of t h r i f t c e r t i f i c a t e s and t h r i f t
passbook c e r t i f i c a t e s ; t h e s a l e of consumer
o r i e n t e d f i n a n c i a l management c o u r s e s ; t h e
s e r v i c i n g , f o r any person, of loans and other
e x t e n s i o n s of c r e d i t ; t h e making, acquiring
and s e r v i c i n g , f o r i t s own account and f o r the
account of o t h e r s , of e x t e n s i o n s of c r e d i t t o
i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or
n o n - r e s i d e n t i a l real e s t a t e ; and the s a l e of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l o a n s ;
the proposed s e r v i c e area f o r t h e de novo o f f i c e
of C i t i c o r p Person-to-Person FinancTal Center,
Inc. and t h e de novo o f f i c e of C i t i c o r p Homeowners,
Inc. s h a l l be comprised of t h e e n t i r e S t a t e of
Minnesota f o r a l l aforementioned proposed a c t i v i t i e s )
at Ridge Square North Shopping Center, 12977 Ridged a l e Drive, Minnetonka, Minnesota, through i t s subs i d i a r i e s , C i t i c o r p Homeowners, Inc. and C i t i c o r p
Person-to-Person Financial Center, Inc. ( 1 / 4 / 8 3 )
H.2, 1983 No. 2
- 27 APPLICATIONS RECEIVED - Continued
New York
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n t o
e s t a b l i s h a de novo o f f i c e and t o expand t h e
a c t i v i t i e s ancT s e r v i c e a r e a of an e x i s t i n g o f f i c e
engaging in t h e f o l l o w i n g a c t i v i t i e s ( t o expand
t h e a c t i v i t i e s s e r v i c e a r e a of an e x i s t i n g s u b s i d i a r y , Citicorp Person-to-Person Industrial
Bank, l o c a t e d in F o r t C o l l i n s , Colorado, and t o
e s t a b l i s h a de novo o f f i c e of C i t i c o r p Homeowners,
I n c . a t t h e same Fort Col 1 i n s , Colorado l o c a t i o n ;
t h e a c t i v i t i e s in which t h e de novo o f f i c e of
C i t i c o r p Homeowners, I n c . proposes t o engage a r e :
t h e making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , s e c u r e d or u n s e c u r e d , f o r
consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n of
l o a n s t o d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y
[ f l o o r p l a n n i n g ] and working c a p i t a l p u r p o s e s ; t h e
s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and h e a l t h
or d e c r e a s i n g or l e v e l [ i n t h e c a s e of s i n g l e payment l o a n s ] term l i f e i n s u r a n c e by l i c e n s e d a g e n t s
or b r o k e r s , as r e q u i r e d ; t h e s a l e of consumer
o r i e n t e d f i n a n c i a l management c o u r s e s : t h e s e r v i c i n g
f o r any p e r s o n , of l o a n s and o t h e r e x t e n s i o n s of
c r e d i t ; t h e making, a c q u i r i n g and s e r v i c i n g , f o r .
i t s own account and f o r t h e account of o t h e r s , of
e x t e n s i o n s of c r e d i t t o i n d i v i d u a l s s e c u r e d by
l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l r e a l e s t a t e ;
and t h e s a l e of mortgage l i f e and mortgage d i s a b i l i t y
i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage
l o a n s ; t h e proposed s e r v i c e a r e a f o r t h e de novo
o f f i c e of C i t i c o r p Homeowners, I n c . s h a l l T e comp r i s e d of t h e e n t i r e S t a t e of Colorado f o r a l l t h e
a f o r e m e n t i o n e d proposed a c t i v i t i e s ; t h e new a c t i v i t i e s
in which C i t i c o r p P e r s o n - t o - P e r s o n I n d u s t r i a l Bank
p r o p o s e s t o engage de novo a r e : t h e making, a c q u i r i n g ,
and s e r v i c i n g , f o r T t s own account and f o r t h e account
of o t h e r s , of e x t e n s i o n s of c r e d i t t o i n d i v i d u a l s
s e c u r e d by l i o n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l
r e a l e s t a t e ; and t h e s a l e of mortgage l i f e and
mortgage d i s a b i l i t y i n s u r a n c e d i r e c t l y r e l a t e d t o
e x t e n s i o n s of mortgage l o a n s ; t h e proposed s e r v i c e
a r e a s h a l l be t h e e n t i r e S t a t e of Colorado f o r t h e
a f o r e m e n t i o n e d proposed a c t i v i t i e s , and f o r t h e
f o l l o w i n g a c t i v i t i e s p r e v i o u s l y approved f o r
C i t i c o r p P e r s o n - t o - P e r s o n I n d u s t r i a l Bank: t h e
o p e r a t i n g as an i n d u s t r i a l loan company in t h e
manner a u t h o r i z e d by Colorado law, i n c l u d i n g t h e
making o r a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s
of c r e d i t , s e c u r e d or u n s e c u r e d , f o r consumer and
o t h e r p u r p o s e s ; t h e e x t e n s i o n of l o a n s t o d e a l e r s
f o r t h e f i n a n c i n g of i n v e n t o r y [ f l o o r p l a n n i n g ]
H.2, 1983 No. 2
-28APPLICATIONS RECEIVED - Continued
and working c a p i t a l purposes; t h e purchasing and
s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e
c o n t r a c t s ; the s a l e of c r e d i t - r e l a t e d l i f e and
a c c i d e n t and h e a l t h or decreasing or l e v e l [in
t h e case o f s i n g l e payment l o a n s ] term l i f e
insurance by l i c e n s e d agents or brokers, as
required; t h e i s s u i n g of t h r i f t c e r t i f i c a t e s and
t h r i f t passbook c e r t i f i c a t e s ; t h e s a l e of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; and
t h e s e r v i c i n g , f o r any person, of loans and other
e x t e n s i o n s of c r e d i t ) at 3050 South College Avenue,
Fort C o l l i n s , Colorado, through i t s s u b s i d i a r i e s ,
C i t i c o r p Homeowners, Inc. and C i t i c o r p Person-toPerson Industrial Bank ( 1 / 4 / 8 3 )
New York
Manufacturers Hanover Corporation, New York, New
York, requests permission t o e s t a b l i s h a de novo
o f f i c e engaging in t h e f o l l o w i n g a c t i v i t i e s (in
making or a c q u i r i n g , f o r i t s own account or f o r
t h e account of o t h e r s , loans and other e x t e n s i o n s of
c r e d i t such as would be made by a mortgage company,
and s e r v i c i n g any such loans and other e x t e n s i o n s
of c r e d i t f o r any person) at 17000 Preston Road,
D a l l a s , Texas, through i t s s u b s i d i a r y , Manufacturers
Hanover Mortgage Corporation ( 1 / 6 / 8 3 )
Philadelphia
National Central Financial Corporation, Lancaster,
Pennsylvania, f o r approval t o acquire i n d i r e c t l y
The Colonial Group of Companies, Signal Financial
Corporation, Congress Financial Corporation,
20 percent of t h e voting shares of Charter A t l a n t i c
Corporation, and PNB Commercial Finance Corporation.
Philadelphia
Newco, P h i l a d e l p h i a , Pennsylvania, f o r approval t o
acquire i n d i r e c t l y The Colonial Group of Companies,
Signal Financial Corporation, Congress Financial
Corporation, 20 percent of the voting shares of
Charter A t l a n t i c Corporation, and PNB Commercial
Finance Corporation.
Cleveland
Mellon National Corporation, P i t t s b u r g h , Pennsylvania,
requests permission t o expand t h e a c t i v i t y l i s t e d
below t o include c l i e n t s l o c a t e d throughout the
United S t a t e s and overseas engaging in the f o l l o w i n g
a c t i v i t i e s ( t o engage in commercial lending including
accounts r e c e i v a b l e and inventory f i n a n c i n g , and
p e r m i s s i b l e personal property l e a s i n g , including
a c t i n g as a g e n t , broker, or a d v i s e r in l e a s i n g such
property; Mellon Financial S e r v i c e s Corporation
w i l l d e r i v e business from, and s o l i c i t business
H.2, 1983 No. 2
- 29 APPLICATIONS RECEIVED - Continued
throughout, the United S t a t e s and from p o s s i b l e
c l i e n t s o v e r s e a s ) at 1415 West 22nd S t r e e t , Oak
Brook, I l l i n o i s , through i t s s u b s i d i a r y , Mellon
Financial S e r v i c e s Corporation ( 1 2 / 3 1 / 8 2 )
Richmond
Equitable Bancorporation, Baltimore, Maryland and
The Maybaco Company, Baltimore, Maryland, f o r
approval t o acquire at l e a s t 49 percent of the
shares of v o t i n g common stock and 6 5 . 3 percent
of the shares of non-voting preferred stock of
ABG A s s o c i a t e s , I n c . , Baltimore, Maryland.
Atlanta
Barnett Banks of F l o r i d a , I n c . , J a c k s o n v i l l e ,
Florida (in o f f e r i n g from a d d i t i o n a l o f f i c e s ,
check v e r i f i c a t i o n s e r v i c e s , including authorizing
subscribing merchants t o accept c e r t a i n personal
purchase money checks and o b l i g a t i n g V e r i f i c a t i o n s ,
Inc. t o purchase properly v e r i f i e d checks which are
subsequently dishonored) in Durham, North Carolina;
Greensboro, North Carolina; Winston-Sal em, North
Carolina; Greensboro, North Carolina; WinstonSalem, North Carolina; Charleston, South Carolina
and G r e e n v i l l e , South Carolina, as wel] as from
e x i s t i n g o f f i c e s of V e r i f i c a t i o n s , Inc. in North
and South Carolina and would be o f f e r e d throughout
t h e S t a t e s of North and South Carolina, through i t s
s u b s i d i a r y , V e r i f i c a t i o n s , Inc. ( 1 2 / 3 1 / 8 2 )
Chicago
American F l e t c h e r Corporation, I n d i a n a p o l i s , Indiana,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s (making or acquiring loans or other
e x t e n s i o n s of c r e d i t f o r personal family or
household purposes; i n c l u d i n g loans secured by
home e q u i t i e s , purchasing consumer i n s t a l l m e n t
s a l e s f i n a n c e c o n t r a c t s and a c t i n g as agent with
respect t o c r e d i t l i f e and d i s a b i l i t y insurance
on borrowing customers and insurance on property
taken as c o l l a t e r a l f o r such loans and c o n t r a c t s )
at 1033 Jackson S t r e e t , Columbus, Indiana, the
geographic area t o be served w i l l be Bartholomew
County, Indiana, through i t s s u b s i d i a r y , American
F l e t c h e r Financial S e r v i c e s , Inc. ( 1 2 / 2 1 / 8 2 )
Minneapolis
Dewco Agency, I n c . , Timber Lake, South Dakota, f o r
approval t o engage in general insurance a c t i v i t i e s
with Dewco Agency, I n c . , Timber Lake, South Dakota.
H.2, 1983 No. 2
- 30 APPLICATIONS RECEIVED - Continued
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( ( 1 ) making or acquiring Toans or
other e x t e n s i o n s of c r e d i t such as would be
acquired by a commercial f i n a n c e company,
(2) s e r v i c i n g loans f o r o t h e r s , and (3) l e a s i n g
personal and real property) through the a c q u i s i t i o n
of Lease Northwest, I n c . , Minneapolis, Minnesota
(1/4/83)
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
( ( 1 ) making or acquiring loans or other e x t e n s i o n s
of c r e d i t such as would be acquired by a commercial
f i n a n c e company, (2) s e r v i c i n g loans f o r o t h e r s ,
and (3) l e a s i n g personal and real property) through
the a c q u i s i t i o n of NW Financial S e r v i c e s , I n c . ,
Minneapolis, Minnesota ( 1 / 4 / 8 3 )
San
Francisco
BankAmerica Corporation, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s (making or acquiring f o r i t s own account
loans and other e x t e n s i o n s of c r e d i t such as would
be made or acquired by a f i n a n c e company; s e r v i c i n g loans and other e x t e n s i o n s of c r e d i t ; and
o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t r e l a t e d accident and health insurance; c r e d i t r e l a t e d property insurance w i l l not be o f f e r e d by
the above-named corporation; such a c t i v i t i e s w i l l
i n c l u d e , but not be l i m i t e d t o , making loans and
other e x t e n s i o n s of c r e d i t t o b u s i n e s s e s , purchasing i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ,
making loans secured by real and personal property,
and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and
c r e d i t - r e l a t e d accident and health insurance;
d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or
acquired by FinanceAmerica Mortgage S e r v i c e s
Company; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d
accident and health insurance may be reinsured
by BA Insurance Company, I n c . , an a f f i l i a t e
of FinanceAmerica Mortgage S e r v i c e s Company)
at 7611 L i t t l e River Turnpike, Annandale,
V i r g i n i a , serving the e n t i r e s t a t e of Virginia
and the D i s t r i c t of Columbia, through i t s subs i d i a r y , FinanceAmerica Mortgage S e r v i c e s Company
(a Virginia corporation) ( 1 / 6 / 8 3 )
-31
H.2, 1983 No. 2
-
APPLICATIONS RECEIVED - Continued
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( i n t h e a c t i v i t y of s e l l i n g t r a v e l e r s
c h e c k s ; such a c t i v i t y w i l l i n c l u d e , but not be
l i m i t e d t o , p r o c e s s i n g customer claims f o r r e f u n d s
f o r l o s t or s t o l e n t r a v e l e r s checks) in London,
England, having a worldwide g e o g r a p h i c s e r v i c e
a r e a , t h r o u g h i t s s u b s i d i a r y , BA Cheque C o r p o r a t i o n
(a Delaware c o r p o r a t i o n )
(12/31/82)
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REPORTS RECEIVED
Proxy Statement (Special Meeting) F i l e d Pursuant t o
S e c t i o n 14(a) of t h e S e c u r i t i e s Exchange Act
United Counties Trust Co.
E l i z a b e t h , New J e r s e y
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PETITIONS FOR RULEMAKING
None.
@FedFRASER