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ANNOUNCEMENT BOARD O F GOVERNORS O F TH E k'M ,FE D E R A L R E SE R V E SY ST E M i> H . 2 f 1989, No. 26 of the Board, its Staff, and 'the Federal Reserve Banks; "Applications and Reports Received 'ti the Week Ending July 1, 1989. j-i ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES St. Croix Valley Bancshares, Inc., Bloomington, Minnesota — to acquire Stillwater Bancorporation, Stillwater, Minnesota, and Cosmopolitan State Bank of Stillwater. Denied, June 26, 1989. Sumitomo Bank, Limited, Osaka, Japan — to engage de novo in interest rate and currency swap activities through Sumitomo Bank Capital Markets, Inc., New York, New York. Permitted, June 26, 1989. FORMS Survey of Consumer Finances (FR 3059) — implement. Approved, June 28, 1989. to REGULATIONS AND POLICIES Regulation CC — first of a series of Reports to the Congress Under the Expedited Funds Availability Act. Approved, June 29, 1989. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; GC - General Counsel; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC New York Chemical Bank, New York, New York — to establish branches at the Estee Lauder Companies, 125 Pinelawn Road, Melville; Estee Lauder Companies, 182 Sweet Road, Old Bethpage; and Ogilvy & Mather Advertising, 2 East 48th Street, New York, New York. Approved, June 26, 1989. Atlanta Citizens Trust Bank, Atlanta, Georgia — to establish a branch at Kroger Store #242, 3030 Headland Drive. Approved, June 27, 1989. H.2 JUNE 25, 1989 PAGE 2 TO JUNE 30, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Richmond County Bank of Chesterfield, Midlothian, Virginia — to establish a branch at 10226 Midlothian Turnpike, Richmond, V i r g i n i a . Approved, June 28, 1989. Chicago Friendship State Bank, Friendship, Indiana — to establish a branch at 12933 Lenover Street, Dillsboro, Indiana. Approved, June 27, 1989. BANK HOLDING COMPANIES GC Banc One Corporation, Columbus, Ohio, and Banc One Texas Corporation — to acquire Deposit Insurance Bridge Bank, N.A., Dallas, Texas. Approved, June 29, 1989. Minneapolis Bosshard Banco, Ltd., La Crosse, Wisconsin — to acquire Bank of Stoddard, Stoddard, Wisconsin, and Ferryville State Bank, Ferryville, Wisconsin. Approved, June 30, 1989. S t . Louis Campbell Hill Bancshares, Inc., Campbell Hill, Illinois — to acquire the successor by merger to First State Bank of Campbell H i l l . Approved, June 29, 1989. Kansas City Cedar Vale Bank Holding Company, Wellington, Kansas — to acquire Sumner County Bancshares, Inc., and Bank of Commerce & Trust Company. Returned, June 29, 1989. Kansas City Country Bank Shares, Inc., Milford, Nebraska — acquire Farmers and Merchants Bank. Approved, June 27, 1989. Atlanta Dahlonega Bancorp, Inc., Dahlonega, Georgia — to acquire Georgia First Bank, Gainesville, Georgia. Approved, June 28, 1989. Richmond First Commercial Holding Corporation, Asheville, North Carolina — to acquire First Commercial Bank. Approved, June 26, 1989. to H.2 JUNE 25, 1989 PAGE 3 TO JUNE 30, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Firstar Corporation, Milwaukee, Wisconsin — to acquire The First National Bank of Wisconsin Rapids, Wisconsin Rapids, Wisconsin. Approved, June 26, 1989. Chicago Firstar Corporation, Milwaukee, Wisconsin, and F.W.S.F. Corporation — to acquire Elkhorn Bankshares Corporation, Elkhorn, Wisconsin, and State Bank of Elkhorn. Approved, June 26, 1989. Chicago FM Financial Services Corporation, Menomonee Falls, Wisconsin — to acquire St. Francis State Bank. Returned, June 26, 1989. Kansas City F.N.B.A. Holding Co., Inc., North Miami, Florida — to acquire First National Bank of Arvada, Arvada, Colorado. Returned, June 27, 1989. Dallas Greater Southwest Bancshares, Inc., ESOP & Trust, Irving, Texas — to acquire Greater Southwest Bancshares, Inc. Returned, June 28, 1989. Minneapolis Heritage Bancshares Corporation, Pennock, Minnesota — to acquire Monticello Bancshares, Inc., Monticello, Minnesota, and Wright County State Bank. Approved, June 29, 1989. * Hutchinson Financial Corporation, Wichita, Kansas — to acquire Iuka Bancshares, Inc., Iuka, Kansas, and Iuka State Bank. Approved, June 27, 1989. Kansas City San Francisco Puget Sound Bancorp, Tacoma, Washington — to engage de novo directly in community development activities. Permitted, June 25, 1989. H.2 JUNE 25, 1989 PAGE 4 TO JUNE 30, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Richmond RHNB Corporation, Rock Hill, South Carolina — to acquire Sterling Commercial Corporation, Charlotte, North Carolina. Approved, June 30, 1989. BANK MERGERS New York Bank of New York, New York, New York — to merge with Irving Trust Company; Bank of Long Island, Babylon; Dutchess Bank & Trust Company, Poughkeepsie; Nanuet National Bank, Nanuet; and Scarsdale National Bank and Trust Company, Scarsdale, New York. Approved, June 29, 1989. Chicago First of America Bank - Northern Michigan, Cheboygan, Michigan — to merge with First of America Bank Grand Traverse, National Association, Traverse City, Michigan. Approved, June 29, 1989. BANK PREMISES Cleveland Commercial Bank, Delphos, Ohio — premises. Approved, June 26, 1989. investment in bank S t . Louis First Exchange Bank of St. Louis, St. Louis, Missouri — investment in bank premises. Approved, June 29, 1989. Chicago Friendship State Bank Friendship, Indiana — investment in bank premises. Approved, June 27, 1989. Chicago NBD Genesee Bank, Flint, Michigan — bank premises. Approved, June 29, 1989. investment in H.2 JUNE 25, 1989 PAGE 5 TO JUNE 30, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, STATE MEMBER Kansas City Citizens State Bank and Trust Company, Ellsworth, Kansas — payment of a dividend. Approved, June 27, 1989. CAPITAL STOCK Minneapolis American National Agency, Inc., Nashville, Minnesota — redemption of shares. Approved, June 27, 1989. Philadelphia Guaranty Bancshares Corporation, Philadelphia, Pennsylvania — redemption of shares. Approved, June 26, 1989. CHANGE IN BANK CONTROL Minneapolis American National Agency, Inc., Nashwauk, Minnesota — change in bank c o n t r o l . Permitted, June 27, 1989. Kansas City Anderson Bancshares, Inc., Neosho, Missouri — in bank c o n t r o l . Permitted, June 27, 1989. Kansas City Banking Group, Ltd., Castle Rock, Colorado — in bank c o n t r o l . Permitted, June 29, 1989. Kansas City Colonial Bancorp, Denver, Colorado -- change in bank control. Permitted, June 26, 1989. Kansas City First Kansas Bancorporation, Kansas City, Missouri change in bank c o n t r o l . Permitted, June 27, 1989. Kansas City First Kansas Bancorporation, Kansas City, Missouri change in bank c o n t r o l . Permitted, June 27, 1989. Atlanta Gulf Bank, Miami, Florida — Permitted, June 28, 1989. San Francisco Idaho State Bank, Glenns Ferry, Idaho — bank c o n t r o l . Returned, June 27, 1989. change change change in bank control. change in H.2 JUNE 25, 1989 PAGE 6 TO JUNE 30, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City Nebraska National Corporation, Omaha, Nebraska — change in bank c o n t r o l . Permitted, June 29, 1989. Kansas City Northeastern Oklahoma Bancshares, Inc., Inola, Oklahoma — change in bank c o n t r o l . Permitted, June 27, 1989. Kansas City PBT Bancshares, Inc., McPherson, Kansas — bank c o n t r o l . Permitted, June 30, 1989. Dallas Valley Bancorp, Inc., El Paso, Texas — bank c o n t r o l . Permitted, June 26, 1989. change in change in COMPETITIVE FACTORS REPORTS Richmond Community Bank & Trust of Harrison County, Clarksburg, West Virginia, proposed merger with The Lowndes Bank — report on competitive factors. Submitted, June 26, 1989. San Francisco Davis County Bank, Farmington, Utah, proposed merger with First Security Bank of Utah, N.A., Ogden, Utah — report on competitive factors. Submitted, June 27, 1989. Chicago Farmers State Bank of Benson, Benson, Illinois, proposed merger with First National Bank of Woodford County, Metamora, Illiois — report on competitive factors. Submitted, June 26, 1989. Cleveland Huntington National Bank, Columbus, Ohio, proposed purchase of assets and assumption of liabilities of the Marysville and Richwood offices of Merchants and Mechanics Federal Savings and Loan Association, Springfield, Ohio — report on competitive factors. Submitted, June 28, 1989. H.2 JUNE 25, 1989 PAGE 7 TO JUNE 30, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Magna Bank of Lincoln, Lincoln, Illinois, proposed purchase of the assets and assumption of deposit liabilities of Magna Bank of New Holland, New Holland, Illinois — report on competitive factors. Submitted, June 28, 1989. Chicago Magna Bank of Springfield, Springfield, Illinois, proposed merger with Magna Bank of Lincoln, Lincoln, Illinois — report on competitive factors. Proposed, June 28, 1989. Richmond Planters National Bank & Trust Company, Rocky Mount, North Carolina, proposed purchase of three branches of NCNB National Bank of North Carolina, Charlotte, North Carolina — report on competitive factors. Submitted, June 29, 1989. EXTENSIONS OF TIME Staff Director BS&R Bank of Tokyo, Ltd., Tokyo, Japan — extension to December 31, 1989, to conform investments of Union Bank, Los Angeles, California, in two joint ventures. Granted, June 28, 1989. New York Chemical International Finance, Ltd., New York, New Yor k — extension to dispose of certain property. Granted, June 30, 1989. San Francisco Dai - Ichi Kangyo Bank, Ltd., Tokyo, Japan — extension to October 9, 1989, to engage in securities brokerage underwriting through DKB Securities Corporation, New York, New York. Granted, June 28, 1989. Philadelphia First Eastern Corporation, Wilkes - Barre, Pennsylvania — extension to dispose of certain property. Granted, June 27, 1989. Philadelphia Omega Financial C o r p ., State College, Pennsylvania extension to October 10, 1989, to acquire Mifflinburg Bancorp, Inc. Granted, June 28, 1989. H.2 JUNE 25, 1989 PAGE 8 TO JUNE 30, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Cleveland Peoples Bancshares of Gambier, Inc., Gambier, Ohio -extension to September 30, 1989, to acquire Peoples Bank. Granted, June 27, 1989. San Francisco 1867 Western Financial Corporation, Stockton, California — extension to November 9, 1989, to acquire Bank of Stockton. Granted, June 30, 1989. REGULATIONS AND POLICIES GC State member bank ownership of stock in a state business development corporation — request concerning Iowa b a n k s . Granted, June 26, 1989. RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Chicago — to revise selected forward collection check fees and services. Approved, June 29, 1989. ADDITIONS AND CORRECTIONS H.2 JUNE 25, 1989 PAGE 9 TO JUNE 30, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Merchants National Corporation, Indianapolis, Indiana — to engage de novo in the issuance and sale of travelers checks. Permitted, June 21, 1989. S t . Louis Peoples First Corporation, Paducah, Kentucky, and PFC Acquisition, Inc. — to acquire Salem Bank, Inc., Salem, Kentucky. Approved, June 23, 1989. Atlanta Summit Bank Corporation, Atlanta, Georgia — to engage de novo in investment and financial advisory activities nationwide through Summit Merchant Banking Corporation. Permitted, June 5, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT T O BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Conment Period Ending Date Wachusett Bancorp, Inc., Clinton, Massachusetts - 3 ( a ) (1) application to become a bank holding company through the acquisition of Clinton Savings Bank, Clinton, Massachusetts Newspaper 07-13-89 Federal Register 07-13-89 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet/Norstar Financial Group, Inc., Providence, Rhode Island - 4(c)(8) application to transfer certain accounts of Shatkin Financial Services, Inc., Chicago, Illinois to Norstar Brokerage Corporation, Ne w York, N e w York Federal Register 07-07-89 Peoples Heritage Financial Group, Inc., Portland, Maine - 4(c)(8) notification to engage in mortgage banking activities through two subsidiaries, Mortgage Capital Corporation and Mortgage Capital Associates, Inc. Federal Register 07-12-89 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ____________ Notice Only__________ United Jersey Bank, Hackensack, New Jersey to establish branches at 700 Plaza Drive and 40-B Meadowlands Parkway, both in Secaucus, New Jersey.!/ 7/24/89 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nohbanking Applications (Subject to Federal Register Notice Only) Osterreichische Landerbank Aktiengesellschaft, Vienna, Austria to engage in making, acquiring, or servicing loans or other extensions of credit. 7/20/89 Amsterdam-Rotterdam Bank, N.V. and Stichting Amro, both of Amsterdam, the Netherlands to acquire up to 42.0% of the shares of Discount Brokers International, Inc., New York, New York and thereby to engage in providing securities brokerage and investment advisory services. N/A SECTION IV Applications Not Involving ______ Public Comment______ Citicorp, New York, New York, to make an additional investment in Citicorp Investment Bank Limited, London, England. 1/ 2/ 3/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available FEDERAL RESERVE BA N KO F PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE * OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. *N/A - not yet available. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Applications Bulletin For Week Ending July 1, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY COMMENT PERIOD ENDING APPLICATION Received application on June 26, 1939 from The Fifth Third Bank, Cincinnati, Ohio, for permission to establish a branch at the north west c o m e r of Wenger and Union Roads, Englewood, Ohio. July 26, 1989 Received application on June 26, 1989 from The Fifth Third Bank, Columbus, Ohio, for permission to establish a branch at 4400 North High Street, Columbus, Ohio. July 15, 1989 Received application on June 26, 1989 from The Fifth Third Bank, Columbus, Ohio, for permission to establish a branch at 4600 E. 17th Avenue, Columbus, Ohio. July 15, 1989 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE * * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period Applications Bulletin For Week Ending July 1, 1989 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c)(8) Notice on June 29, 1989 frcm Hometown Bancshares, Inc., Middleboume, West Virginia, of its intent to engage in general insurance agency activities in towns having a population of 5,000 or less through Hometown Insurance Agency, Inc., a wholly-owned subsidiary pursuant to Section 225.25(b)(3)(iii)(A) of Regulation Y. Not Yet Known # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * - Subject to CRA # - Expected to end approximately 30 days from the date of receipt N r Newspaper Comment Period F - Federal Register Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Community Bank, Inc., Princeton, West Virginia, request for permission to establish an Electronic Funds Transfer facility in the College Center, Concord College, Athens, West Virginia.* 7-22-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Bank Maryland Corp., Towson, Maryland, for prior approval to acquire 100% of the voting shares of Heritage International Bank, Inc., Bethesda, Maryland.* 7-14-89 Crescent Group, Bethesda, Maryland, for prior approval to become a bank holding company with respect to Heritage International Bank, Inc.,Bethesda, Maryland.* 7-14-89 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Application is subject to CRA. June 26, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Interim Bank of Crestview Crestview, Florida To become a member of the Federal Reserve System, pursuant to section 9 of the Federal Reserve Act. Sovran Bank/Central South Nashville, Tennessee To merge with Sovran Bank/Hickman County, Centerville, Tennessee. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Metro Bank of Dade County Coral Gables, Florida Change in control by Fred Havenick and Barbara Havenick to acquire up to 20.6 percent of the outstanding shares. SouthTrust Corporation 07-08-89 Birmingham, Alabama Newspaper To merge with Florida Central Banks, Inc., Chipley, Florida, and to merge with Florida Community Banks, Inc., Bonifay, Florida, and indirectly acquire their banking subsidiaries. First Clayton Bancshares, Inc. 07-06-89 Clayton, Georgia Federal Register 1-BIIC Formation, First Clayton Bank & Trust Company, Clayton, Georgia (in organization). Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Barnett Banks, Inc. Jacksonville, Florida To engage de n ovo in making, acquiring and servicing loans or other extensions of credit through a proposed new subsidiary, pursuant to section 225.25(b)(1)(i) of Regulation Y. June 26, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section III - Applications Subject to Federal Register Notice Only Application Comient Period Ending Date One American Corp. 07-14-89 Vacherie, Louisiana Federal Register To engage de novo in leasing personal or real estate properties through its subsidiary, One American Agency, Inc., Vacherie, Louisiana, pursuant to section 225.25(b)(5) of Regulation Y. Section IV - Applications Not Subject To Federal Register Notice or Newspaper Notice Application Comment Period Ending Date Brannen Banks of Florida, Inc. Inverness, Florida To repurchase 7,655 shares of its outstanding common stock. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only A p plication Comment Peri od Ending Date Membership Bank of Commerce N - 7-10-89 Hamtramck, Michigan To become a member of the Federal Reserve System* Membership The State Bank of Fraser N - 7-10-89 F r a s e r , Mi c h i g a n To become a member of the Federal Reserve System* Merger/ Branch First of A m e r i c a Bank-Northern M i chigan C h e b o y g a n , M i chigan A n t r i m County State Bank Mancelona, Michigan Branch - 625 N. Williams Street M a n c e l o n a , Michigan* N - 7-22-89 Branch NBD Genesee Bank N - ** F l i n t , Mi c h i g a n Northwest Corner S. Saginaw & Territorial Sts. G e n e s e e , Michigan* Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type A p p l i cation Y-2 Dentel Bancorporation Victor, Iowa Colfax Bancshares, Inc. Colfax, Iowa The First National Bank in Colfax Colfax, Iowa* N - ** FR - 7-12-89 FM Bancorp, Inc. Paxton, Illinois Me l v i n State Bank Melvin, Illinois* N - 7-21-89 FR - 7-14-89 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (continued) Comment Period Ending Date Type Application Y-2 First of America Bancorporation-Illinois, Inc N - 7-16-89 Lihertyville, Illinois FR - 7-21-89 Midwest Financial Group, Inc. Peoria, Illinois BancMidwest McLean County, National Association Bloomington, Illinois The First National Bank in Champaign Champaign, Illinois The Citizens National Bank of Decatur Decatur, Illinois The De Kalb Bank National Association DeKalb, Illinois First Trust Bank National Association Kankakee, Illinois First National Bank of Morton Morton, Illinois Commercial National Bank of Peoria Peoria, Illinois United Bank of Illinois* National Association Rockford, Illinois The Illinois National Bank of Springfield Springfield, Illinois* Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (continued) Comment Period Ending Date Type Application Y-2 First of America Bank Corporation N - 7-16-89 Kalamazoo, Michigan FR - 7-21-89 Midwest Financial Group, Inc. Peoria, Illinois BancMidwest McLean County, National Association Bloomington, Illinois The First National Bank in Champaign Champaign, Illinois The Citizens National Bank of Decatur Decatur, Illinois The De Kalb Bank National Association DeKalb, Illinois First Trust Bank National Association Kankakee, Illinois First National Bank of Morton Morton, Illinois Commercial National Bank of Peoria Peoria, Illinois United Bank of Illinois, National Association Rockford, Illinois The Illinois National Bank of Springfield Springfield, Illinois* Y-2 Northwest Illinois Bancorp, Inc. Freeport, Illinois First Galena Bancshares, Inc. Galena, Illinois The First National Bank of Galena Galena, Illinois* N - ** FR - 7-14-89 Y-2 NWIB Acquisition Corporation, Inc. Freeport, Illinois First Galena Bancshares, Inc. Galena, Illinois The First National Bank of Galena Galena, Illinois* N - ** FR - 7-14-89 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register HotIce t continued \ Comment Period Ending Date Type Application Y-l First Marengo Financial Corporation Marengo, Illinois First National Bank of Marengo Marengo, Illinois* N - ** FR - ** Y-l North Linn Corporation Coggon, Iowa Linn County State Bank Coggon, Iowa* N - ** FR - ** Y-l Mackinaw Valley Financial Services, Inc. Mackinaw, Illinois First Security Bank Mackinaw, Illinois* N - 7-3-89 FR - ** Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application Y-4 First of America Bancorporation-Illinois, Inc. Libertyville, Illinois Midwest Financial Group Brokerage Service, Inc. Peoria, Illinois FR - 7-21-89 Y-4 First of America BancorporationIllinois, Inc. Libertyville, Illinois Midwest Financial Investment Management Company Peoria, Illinois FR - 7-21-89 Y-4 First of America BancorporationIllinois, Inc. Libertyville, Illinois Midwest Financial Life Insurance Company Peoria, Illinois FR - 7-21-89 Y-4 First of America BancorporationIllinois, Inc. Libertyville, Illinois Midwest Financial Mortgage Company Peoria, Illinois FR - 7-21-89 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice (continued) Comment Period Ending Date Type Application Y-4 First of America Bank Corporation Kalamazoo, Michigan Midwest Financial Mortgage Company Peoria, Illinois PR . 7-21-89 Y-4 First of America Bank Corporation Kalamazoo, Michigan Midwest Financial Group Brokerage Service, Inc. Peoria, Illinois PR - 7-21-89 Y-4 First of America Bank Corporation K a l amazoo, Michigan Midwest Financial Investment Management Company Peoria, Illinois FR - 7-21-89 Y-4 First of America Bank Corporation K a lamazoo, Michigan Midwest Financial Life Insurance Company Peoria, Illinois FR - 7-21-89 4(c)(8) Comerica Incorporated Detroit, Michigan Bloomfield Mortgage Corporation Southfield, Michigan - to acquire certain mortgage banking assets FR - ** 4(c)(8) First Midwest Bancorp, Inc. Naperville, Illinois First Midwest Asset Management Co. Joliet, Illinois F R - ** * 4(c)(8) Northern Trust Corporation Chicago, Illinois Northern Trust Company of New York N e w York, New York FR - ** 4(c)(8) G r and Bank Financial Corporation Grand Rapids, Michigan Grand Financial Associates, Inc. Grand Rapids, Michigan FR - 7-14-89 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Luana Bancorporation Luana, Iowa to redeem 5,240 shares (43*20 percent) of common stock N FR ♦ ** _ Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Change in control notification by First State Bank of Covington, Employee Stock Ownership Trust, Covington, Tennessee, involving FSB, Inc., Covington, Tennessee (Newspaper 7-18-89) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER Section 4(c)(8) notification by Farmers Holding Company, Jacksonville, Illinois, to engage de novo in community development activities through Tri-County Community Development Corporation, Jacksonville, Illinois (Not available) SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only_______ Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Bernard Gruenes To acquire 40% of Eden Valley Bancshares, Eden Valley, MN Comment Period Ending Date Not yet available Community First South Dakota Bankshares, Inc. Fargo, ND To acquire through merger Community First Minnesota Bankshares, Inc., Fargo, ND* 7-21-89 (Federal Register) Edwards Bros. Holding Company, Inc. Denton, MT To acquire the Farmers State Bank, Denton, MT* Not yet available Primo Financial Services, Inc. Apple Valley, MN To acquire the State Bank of Hampton, Hampton, MN* Not yet available Henderson Bancorporation, Inc. Henderson, MN To acquire Citizens, Inc., Winsted, MN which owns the Citizens State Bank, Winsted, MN* 7-27-89 (Newspaper) James W. Emison To acquire control of 26.23% of Henderson Bancorporation, Inc., Hendesson, MN Not yet available ^Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Application Ending Date Stearns Financial Services, Inc. Albany, MN To acquire (1) 80% of Stearns Agency, Inc., Albany, MN, which owns Stearns County National Bank, Albany, MN; (2) 100% of Financial Services of Evansville, Inc., Evansville, MN, which owns Farmers State Bank, Evans ville, MN; (3) 84.13% of Security State Bank, Holdingsford, MN; and (4) 94.56% of Farmers State Bank, Not yet available Upsala, MN* Section III - Applications Subject to Federal Register Notice Only Comment Period Application Norwest Corporation Minneapolis, MN To engage de novo through Norwest Investment Services, Inc., in the following activities 1) Underwriting and dealing in obligations that national banks are authorized to deal in; 2) Underwriting and dealing to a limited extent in certain securities national banks are ineligible to deal in; 3) Full service retail brokerage; 4) Providing private placement services; 5) Purchasing and selling precious metals and coins for the account of customers; and 6) Acting as a futures commission merchant. ♦Subject to CRA Ending Date Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only (Continued) Comment Period Ending Date Application Community First South Dakota Bankshares, Inc. Fargo, ND To engage in providing to others finan cially related data processing through the acquisition of Community First Ser vice Corporation, Fargo, ND. 7-21-89 (Federal Register) Stearns Financial Services, Inc. Albany, MN To engage in general insurance agency activities in places with a population not exceeding 5,000 through the acqui sition of (1) Stearns Agency, Inc., Albany, MN; (2) Financial Services, of Evansville, Inc., Evansville, MN; and (3) Security Insurance Agency, Holdingsford, MN Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT B a n c F i r s t , O k l a h o m a City, O k l a h o m a , for p r i o r a p p r o v a l t o m e r g e w i t h The L i b e r t y S t a t e Bank, Tahlequah, Oklahoma. PERIOD Not ENDING DATE Available SECTION II - APPLICATIONS SPBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING F . N . B . A . H o l d i n g C o . , Inc., N o r t h Miami, F l o r i d a , for prior approval to b e c o m e a b a n k h o l d i n g c o m p a n y t h r o u g h t h e a c q u i s i t i o n of 1 00 p e r c e n t of t h e v o t i n g s h a r e s o f F i r s t N a t i o n a l B a n k of A r v a d a , Arvada, C o l o r a d o . * Not Available Kansas B a n k C o r p o r a t i o n , Liberal, Kansas, for p r i o r approval to a c q u i r e 1 0 0 p e r c e n t of t h e v o t i n g s h a r e s of E l k h a r t F i n a n c i a l C o m p a n y , E l k h a r t , K a n s a s , p a r e n t of F i r s t N a t i o n a l B a n k of E l k h a r t , Elkhart, Kan s a s . * Not Available F r e n c h E. H i c k m a n , D . D . S . , O k l a h o m a City, O k l a h o m a , f o r p r i o r a p p r o v a l to i n c r e a s e h i s p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in Harrah N a t i o n a l B a n c s h a r e s , Inc., H a r r a h , O k l a h o m a , b y 1 4 . 3 9 p e r c e n t t o 34 . 6 5 p e r c e n t ; F r e n c h E. H i c k m a n , D . D . S . , Inc., R e t i r e m e n t P l a n , O k l a h o m a City, O k l a h o m a , f o r p r i o r a p p r o v a l to a c q u i r e a 4 .97 percent ownership i n t e r e s t ; J a c k R. M a t h e r l y , M c L o u d , Oklahoma, for pr i o r approval to increase his proportionate o w n e r s h i p i n t e r e s t b y 40.19 p e rcent to 4 7 . 6 9 p e r c e n t ; a n d M a t h e r l y M e c h a n i c a l C o n t r a c t o r s , Inc., M i d w e s t C i t y , O k l a h o m a , for p r i o r a p p r o v a l t o a c q u i r e a 2.67 p e r c e n t ownership interest. July 7, 1989 DATE Federal Reserve Bank of Kansas City SECTION III ~ APPLICATIONS SPBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION C O M M E N T P E R I O D E N D I N G DATE None. SECTION IV ~ APPLICATIONS NOT SPBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. ♦ A p p l i c a t i o n is s u b j e c t to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 26, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Mineral Wells Bancshares, Inc., Mineral Wells, TX, to acquire First State Bank of Mineral Wells, Mineral Wells, TX 89/07/15 ♦Section 3(a)(1) application by ProBancShares, Inc., Houston, TX, to acquire Woodlands Capital Corporation, Wilmington, DE, and ProBank, N.A., The Woodlands, TX 89/07/24 ♦Section 3(a)(1) application by Woodlands Capital Corporation, Wilmington, DE, to acquire ProBank, N.A., The Woodlands, TX 89/07/24 Change in Control Notice by Norman D. Oswald, Duncanville, TX, to acquire an interest in Metroplex Bancshares, Inc., Dallas, TX 89/07/14 Change in Control Notice by George R. Farish, Houston, TX, to acquire an interest in TB&T Bancshares, Inc., Brownsville, TX N/A Change in Control Notice by Pat S. Bolin, Dallas, TX; D. Phil Bolin, Wichita Falls, TX; Warren T. Ayres, Wichita Falls, TX; and Dan H. Bolin, Wichita Falls, TX, to acquire an interest in Fidelity Resources Company, Dallas, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 6/30/89 Section I - Applications Sub.iect to Newspaper Notice Only Application Comment Period Ending Date Pioneer Bank, Fullerton, California, to establish a branch in the vicinity of South Manchester Avenue, Orange, California. * Newspaper: 7/29/89 CivicBank of Commerce, Oakland, California, to establish a branch in the vicinity of the Central Business District of Concord, Concord, California. * Newspaper: 7/31/89 Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Ventura County National Bancorp, Oxnard, California, to acquire Frontier Group, Inc., Salt Lake City, Utah, and its subsidiary, Frontier Bank, N.A., Salt Lake City, Utah. * Fed. Reg.: 7/21/89 Newspaper: 6/26/89 Section III - Applications Sub.iect to Federal Register Notice Only Scandinavian Bank Group, PLC, London, England, to engage de novo in securities brokerage services, related securities credit activities and incidental activities, pursuant to Section 225.25(b)(15) of Regulation Y. Fed. Rea.: Not yet published Ventura County National Bancorp, Oxnard, California, to acquire Frontier Services, La Palma, California, a nonbank subsidiary of Frontier Group, Inc., La Palma, California. Fed. Rea.: 7/21/89 Security Pacific Corporation, Los Angeles, California, and Security Pacific Texas Corporation, Fort Worth, Texas, to acquire Texas American Services, Inc., Fort Worth, Texas, which is engaged in permissible data processing activities. Fed. Rea.: Not available Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER