The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
• • ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 28) Actions of t h e Board; Applications and Reports APPLICABLE RESERVE BANK Received During the Week Ending July 10, 1982 ACTIONS OF THE BOARD Policy Statement on Nonvoting Equity Investments by Bank Holding Companies. The Board has ordered a hearing on the a p p l i c a t i o n by BankAmerica Corporation, San Francisco, C a l i f o r n i a , t o acquire The Charles Schwab Corporation and engage in c e r t a i n discount stock brokering and r e l a t e d s e r v i c e a c t i v i t i e s ; t h e hearing will s t a r t September 13 a t the Board's o f f i c e s in Washington D.C. In connection with t h e c l o s i n g of Penn Square Bank in Oklahoma C i t y , Oklahoma, t h e Federal Reserve Board indicated t h a t "Receiver's C e r t i f i c a t e s " issued by the Deposit Insurance National Bank of Oklahoma City will be acceptable as c o l l a t e r a l from depository i n s t i t u t i o n s f o r advances at t h e Federal Reserve discount window a t the r e g u l a r discount r a t e . Temporary suspension of t h e Regulation Q penalty normally imposed upon the e a r l y withdrawal of time deposit funds f o r d e p o s i t o r s in the Oklahoma counties of Blaine, Caddo, C u s t e r , K i n g f i s h e r , Lincoln, Logan, I k f u s k e e , Payne and Washita, a f f e c t e d by s e r v e r storms and f l o o d i n g . S t . Louis Bancshares, I n c . , S c o t t s b u r g , Indiana, extension of time t o October 14, 1982, within which t o become a bank holding company through the a c q u i s i t i o n of 100 percent of the voting shares of t h e successor by merger t o t h e Scott County S t a t e Bank, S c o t t s b u r g , Indiana. J./ Chicago Calumet City Bancorp, I n c . , Calumet C i t y , I l l i n o i s , extension of time t o October 13, 1982, within which t o become a bank holding company through t h e a c q u i s i t i o n of 100 percent of the voting shares of the successor by merger t o F i r s t S t a t e Bank of Calumet C i t y , Calumet C i t y , I l l i n o i s . 1J San Francisco Canadian Imperial Bank of Commerce, Toronto, Canada, extension of time t o October 17, 1982, within which t o e s t a b l i s h subs i d i a r i e s t o engage in the leasing of real and personal p r o p e r t y . 1/ V Application processed on behalf of the Board of Governors under delegated authority. i H.2, 1982 No. 28 - 2 - ACTIONS OF THE BOARD-Continued Kansas City Commerce Bancshares, I n c . , Kansas City, Missouri, extension of time to October 14, 1982, within which to consummate the acquisition of Commerce Bank of Lee's Summit, N.A., Lee's Summit, Missouri. V Chicago First Indiana Bancorp, Elkhart, Indiana, extension of time to October 12, 1982, within which t o become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to First National Bank, Elkhart, Indiana. J / Cleveland First Kentucky Bancshares, I n c . , Florence, Kentucky, extension of time to November 21, 1982, within which to acquire Boone State Bank, Florence, Kentucky. \J Atlanta First National Corporation of Picayune, M i s s i s s i p p i , extension of time t o September 9, 1982, within which to become a bank holding company through acquisition of First National Bank of Picayune, Picayune, Mis s is s ip p i. \J Atlanta First Newton Corporation, Newton, Mississippi, extension of time to October 4, 1982, within which to become a bank holding company through the acquisition of First National Bank of Newton, Newton, Mis s is s ip p i. 1/ San Francisco First P a c i f i c Bancorp, Los Angeles, California, extension of time t o October 11, 1982, within which to become a bank holding company through the acquisition of First P a c i f i c Bank, Los Angeles, California. 1/ Dal las Frontier Bancshares, I n c . , Eagle Pass, Texas, extension of time t o September 5, 1982, within which to acquire Frontier State Bank, Eagle Pass, Texas. \J Dallas Garrison Bancshares, I n c . , Garrison, Texas, extension of time to October 10, 1982, within which to acquire The Commercial State Bank, Garrison, Texas. JL/ Kansas City Longmont National Bancshares, I n c . , Longmont, Colorado, extension of time t o September 15, 1982, within which to acquire Longmont National Bank, Longmont, Colorado, y Atlanta Northwest Georgia Financial Corporation, Dallas, Georgia, extension of time to September 20, 1982, within which to become a bank holding company through the acquisition of The Citizens Bank, Dallas, Georgia. 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. I H.2, 1982 No. 28 - 3 < ACTIONS OF THE BOARP-Continued Boston S t a t e S t r e e t Boston Corporation, Boston, Massachusetts, requesting an extension of time t o October 13, 1982, within which t o a c q u i r e through a purchased stock option 16.6 percent of t h e voting shares of Worcester Bancorp, I n c . , Worcester, Massachusetts. 1/ Richmond United Bancorp of Maryland, I n c . , Oxon H i l l , Maryland, extension of time t o October 9, 1982, within which t o become a bank holding company through the a c q u i s i t i o n of United Bank and Trust Company of Maryland, Oxon H i l l , Maryland. _!/ San Francisco U.S. Bancorp, P o r t l a n d , Oregon, extension of time t o October 9, 1982, within which t o begin operation of C i t i z e n s Thornton I n d u s t r i a l Bank, Thornton, Colorado. If Philadelphia Bank of New J e r s e y , Camden, New J e r s e y , an a d d i t i o n a l investment in bank premises. If San Francisco 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 Angels, C a l i f o r n i a , ext e n s i o n s of time t o e s t a b l i s h branches; (1) t o July 22, 19823 within which t o e s t a b l i s h a branch o f f i c e in the 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 North Hill and Alpine S t r e e t s , Los Angeles; and (2) t o July 30, 1983, within which t o 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 Sunrise Boulevard and Coloma Road in t h e unincorporated community of Rancho Cordova, C a l i f o r n i a . 1/ S t . Louis Scott County S t a t e Bank, S c o t t s b u r g , Indiana, extension of time t o October 14, 1982, within which t o merge with Scottsburg Bank, S c o t t s b u r g , Indiana. _1/ S t . Louis Scottsburg Bank, S c o t t s b u r g , Indiana, extension of time t o October 14, 1982, within which t o become a member of the Federal Reserve System. 1/ Richmond Central F i d e l i t y Bank, N.A., Richmond, V i r g i n i a , proposed merger with Central F i d e l i t y Bank, N.A., Culpeper; Central F i d e l i t y Bank, C h a r l o t t e s v i l l e ; and Central F i d e l i t y Bank, Northern V i r g i n i a , B a i l e y ' s Crossroads, V i r g i n i a ; report t o the Comptroller of t h e Currency on competitive f a c t o r s . 1/ Atlanta C i t i z e n s and Southern National Bank, Savannah, Georgia, proposed merger with C i t i z e n s and Southern Bank of Hart County, Hartwel1, Georgia; report t o t h e Comptroller of t h e Currency on competitive f a c t o r s . 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. i H.2, 1982 No. 28 - 4 ACTIONS OF THE BOARD-Continued Atlanta First Bank of Southwest M i s s i s s i p p i , McComb, M i s s i s s i p p i , proposed merger with South Central Bank, S i l v e r Creek, M i s s i s s i p p i ; report to the Federal Deposit Insurance Corporation on comp e t i t i v e f a c t o r s . 1/ Atlanta F i r s t National Bank of Atlanta, Atlanta, Georgia, proposed merger with Macon Bank & Trust Company, Macon, Georgia; report t o the Comptroller of the Currency on competitive f a c t o r s . V Atlanta F i r s t National Bank of Oalton, Dal ton, Georgia, proposed merger with Gordon County Bank, Calhoun, Georgia; report t o the Comptroller of the Currency on competitive f a c t o r s . V Atlanta First National Bank of Florida, Tampa, Florida, proposed merger with F i r s t Independent Bank, N.A., Sarasota, Florida; report t o the Comptroller of the Currency on competitive f a c t o r s . \J Atlanta First National Bank of Opp, Opp, Alabama, proposed merger with Bank of F l o r a l a , Florala, Alabama; report t o the Comptroller of the Currency on competitive f a c t o r s . If Chicago Iowa Trust & Savings Bank, Oskaloosa, Iowa, proposal to purchase the a s s e t s and assume l i a b i l i t i e s of First State Rank of What Cheer, What Cheer, Iowa; report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . 1/ New York Key Bank of Southeastern New York N.A., Chester, New York, proposal to merge with the National Bank of Pawling, Pawling, New York; report t o the Comptroller of the Currency on comp e t i t i v e f a c t o r s , 1/ New York Mechanics and Fanners Savings Bank, Bridgeport, Connecticut, proposal t o merge with New Canaan Savings Bank, New Canaan, Connecticut; report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . 1/ Atlanta Northern Trust Bank of Florida, N.A., Miami, Florida, proposed merger with Northern Trust Interamerican Bank, Miami, Florida; report t o the Comptroller of the Currency on competitive f a c t o r s . JV Atlanta Northen Trust Bank of Florida, N.A., Miami, Florida, proposed merger with Security Trust Company, Miami, Florida; report to the Comptroller of the Currency on competitive f a c t o r s . 1/ Atlanta Peoples State Bank & Trust, Baxley, Georigia, proposed merger with PBT Interim Corporation, Baxley, Georgia; report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 28 - 5 ACTIONS OF THE BOARD-Continucd To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act. New York Approved United Counties Trust Company, Elizabeth, New Jersey. To e s t a b l i s h a branch 1n the Science Building Lobby of Union College, 1033 Springfield Avenue, Cranford, New Jersey. 1/ New York United Jersey Bank, Hackensack, New Jersey. 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 at Sony Corporation of America, Sony Drive, Park Ridge, New Jersey. 1/ Philadelphia The Bank of New Jersey, Camden, New Jersey. To e s t a b l i s h a branch o f f i c e at 4307 Westfield Avenue, Pennsauken, New Jersey. If Richmond Stonewall Jackson Bank and Trust Company, Mount Jackson, Virginia. To e s t a b l i s h a branch at 9383 Congress S t . , New Market, Virginia. 1/ Chicago Springfield Marine Bank, S p r i n g f i e l d , I l l i n o i s . 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 at 1201 South Dirksen Parkway, S p r i n g f i e l d , I l l i n o i s . 1/ San Francisco 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, California. To e s t a b l i s h a branch o f f i c e in the v i c i n i t y of the i n t e r s e c t i o n of Tracy Boulevared and Eleventh S t r e e t , City of Tracy, San Joaquin County, California. 1/ * * * * * To Merge Pursuant t o Section 18(c) of the Federal Deposit Insurance Act Richmond Chicago T7 Approved First Virginia Bank - Tazewell, Tazewell, Virginia, t o merge with Tazewell National Bank, Tazewell, Virginia, y The De Kalb Bank, De Kalb, I l l i n o i s , t o merge with The Dekalb Interim Bank, De Kalb, I l l i n o i s . 1/ Application processed on behalf of the Board of Governors under delegated authority. 8 . 2 , 1982 No. 28 - 6 - ACTIONS OF THE BOARD-Continued To Become a Member of the Federal Reserve System Pursuant to Section 9 of The Federal Reserve Act Richmond Approved First Virginia Bank - Tazewell, Tazewell, Virginia. 1/ Chicago The Dekalb Interim Bank, De Kalb, I l l i n o i s . 1/ * * * * * Issued Intent Not to Disapprove Change of Control Pursuant t o Change in Bank Control Act of 1978 San Francisco Not Disapproved Santiam Valley Bank, Aumsville, Oregon. 1/ * * * * * Applications and N o t i f i c a t i o n s for International Investments and Other Actions Pursuant t o Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as amended New York Approved European American Bank, & Trust Company, New York, New York: grants consent to make an additional investment in European American Bank (Bahamas) Limited, Nassau, Bahamas, and for Limited to acquire 20 percent of the outstanding shares of Banque Europeene Pour L'Amerique Latine S.A., Brussels, Belgium. San Francisco First Interstate Bancorp, Los Angeles, California: t o acquire d i r e c t l y , and i n d i r e c t l y through i t s subsidiary banks, all of the shares of a de novo foreign commercial bank in the Cayman Islands. (7/9/82) J / San Francisco First Interstate Bank of California, Los Angeles, California: to acquire 19.5 percent of the shares of a de novo foreign commercial bank in the Cayman Islands. (7/9/82) 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. - 7 » H.2. 1982 No. 28 ACTIONS OF THE BOARO-Continued New York New York San Francisco Sixty Day N o t i f i c a t i o n Period Allowed to Expire Chase Manhattan Overseas Banking Corporation, Newark, Delaware: no objection to make and additional investment in Chase Bank ( C . I . ) Limited, Jersey, Channel Islands. Chase Manhattan Overseas Banking Corporation, Newark, Delaware: no objection to make and additional investment in the capital stock of i t s wholly-owned subsidiary, Chase Finanziaria, S.p.A., Milan, I t a l y . Sixty Day N o t i f i c a t i o n Period Wavied First Interstate Bancorp, Los Angeles, California: no objection to e s t a b l i s h a wholly-owned subsidiary to be called First Interstate Overseas N.V., Curacao, Netherlands A n t i l l e s . * * * * * To Organize, or Ivest in a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 24 or 25(a) of the Federal Reserve Act San Francisco Approved Banque Nationale de Paris, Paris, France: grants consent to e s t a b l i s h an Edge Act Corporation to be known as BNP International Corp., Houston, Texas. * * * * * To Form a Bank Holding Company Pursuant t o Section 3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956 Boston Boston Approved First Vermont Financial Corporation, Brattleboro, Vermont, f o r approval t o acquire at l e a s t 80 percent of the voting shares of First Vermont Bank and Trust Company, Brattleboro, Vermont. V Vermont Financial Services Corp., Brattleboro, Vermont, for approval to acquire 100 percent of the voting shares of Vermont National Bank, Brattleboro, Vermont. 1/ J/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 28 - 8 - ACTIONS OF THE BOARD-Continued Philadelphia Keystone Heritage Group, I n c . , Lebanon, Pennsylvania, f o r approval to acquire 100 percent of the voting shares of Lebanon Valley National Bank, Lebanon, Pennsylvania. V Atlanta Coastal Bankshares, I n c . , H i n e s v i l l e , Georgia, for approval to acquire 100 percent of the voting shares of The Coastal Bank, H i n e s v i l l e , Georgia. J / Atlanta Foxworth Corporation, Foxworth, M i s s i s s i p p i , for approval t o acquire at l e a s t 80 percent of the voting shares of Foxworth Bank, Foxworth, Mis s is s ip p i. JJ Atlanta Progressive Capital Corporation, Amite, Louisiana, for approval t o acquire at least 80 percent of the voting shares of Central Progressive Bank of Amite, Amite, Louisiana. J / Atlanta Southwest Georgia Bankshares, I n c . , Americus, Georgia, for approval t o acquire 100 percent of the voting shares of Bank of Commerce, Americus, Georgia. \ j Atlanta United American of Northwest Florida, I n c . , Pensacola, Florida, f o r approval t o acquire at l e a s t 90 percent of the voting shares of First State Bank of Pensacola, Pensacola, Florida. J / Chicago CAMBRIA STATE BANKSHARES, INC., Cambria, Wisconsin, for approval to acquire 80 percent or more of the voting shares of The Cambria State Bank, Cambria, Wisconsin. Chicago DeKalb Bancorp, I n c . , De Kalb, I l l i n o i s , for approval to acquire at l e a s t 80 percent of the voting shares ( l e s s d i r e c t o r s ' qualifying shares) of The De Kalb Bank, De Kalb, I l l i n o i s . V Chicago First Peoria Corp., Peoria, I l l i n o i s , for approval to acquire 100 percent of the voting shares ( l e s s d i rectors' qualifying shares) of the successor by merger t o The First National Bank of Peoria, Peoria, I l l i n o i s . 1/ Chicago Marquette National Corporation, Chicago, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger to Marquette National Bank, Chicago, I l l i n o i s . V T7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 28 - 9 ACTIONS OF THE BOARD-Continued Chicago Oregon Bancorp, I n c . , Oregon, Wisconsin, for approval to acquire at l e a s t 80.2 percent of the voting shares of Community National Bank, Oregon, Wisconsin. JJ Chicago Weaver Bancshares, I n c . , Rlverton, Iowa, for approval to acquire at l e a s t 82 percent of the voting shares of Nlshna Valley State Bank, Rlverton, Iowa. JJ S t . Louis Colonial Capital Corporation, Mantee, M i s s i s s i p p i , for approval t o acquire at l e a s t 83.44 percent of the voting shares of Bank of Mantee, Mantee, Mis s is s ip p i. 1_/ S t . Louis Montlcello Bankshares, I n c . , Monticello, Kentucky, for approval t o acquire at l e a s t 80 percent of the voting shares of Montlcello Banking Company, Montlcello, Kentucky. \J S t . Louis Vernols Bancorp, I n c . , Mt. Vernon, I l l i n o i s , f o r approval t o acquire at l e a s t 80 percent of the voting shares of Bank of I l l i n o i s in Mt. Vernon, Mt. Vernon, I l l i n o i s . J / Minneapolis S t . Joseph Bancshares, I n c . , St. Joseph, Minnesota, f o r approval t o acquire at l e a s t 93 percent of the voting shares of First State Bank of St. Joseph, St. Joseph, Minnesota. J / Kansas City Citizens Commerce Corporation, Ardmore, Oklahoma, for approval t o acquire at l e a s t 80 percent of the voting shares of Citizens National Bank of Ardmore, Ardmore, Oklahoma. J / Kansas City F i r s t National Bancshares of Fredonia, Fredonia, Kansas, f o r approval t o acquire 80 percent of the voting shares of F i r s t National Bank in Fredonia, Fredonia, Kansas. 1/ * * * * * To Expand a Bank Holding Company Pursuant t o Section 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956 Atlanta J7 ~ Withdrawn F i r s t Atlanta Corporation, Atlanta, Georgia, for approval t o acquire at l e a s t 50.1 percent of the voting shares of F i r s t South Bancorp, Columbus, Georgia. Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 28 - 10 ACTIONS OF THE BOARD-Continued Approved I n c . , Falls Church, Virginia, for 100 percent of the voting shares merger to Tazewell National Bank, J/ Richmond First Virginia Banks, approval to acquire of the successor by Tazewell, Virginia. Atlanta The Colonial BancGroup, I n c . , Montgomery, Alabama, for approval t o acquire at l e a s t 80 percent and up to 100 percent of the voting shares of Exchange National Bank of Montgomery, Montgomery, Alabama. J / Dallas National Bancshares Corporation of Texas, San Antonio, Texas, f o r approval to acquire 100 percent of the voting shares of Rockdale State Bank, Rockdale, Texas. 1/ Dal las Southwest Bancshares, I n c . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Hal torn City State Bank, Hal torn City, Texas. J / * * * * * To Expand a Bank Holding Company Pursuant to Section 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 New York Approved Citicorp, New York, New York, for approval t o engage in certain data processing and data transmission a c t i v i t i e s through a subsidiary to be known as Citishare Corporat i o n , New York, New York. St. Louis Colonial Capital Corporation, Mantee, M i s s i s s i p p i , for approval t o engage de novo in the s a l e , as agent, of credit l i f e and creBTt accident and health insurance d i r e c t l y related to extensions of credit made by Bank of Mantee, Mantee, M i s s i s s i p p i . J / Kansas City Santa Fe Trail Banc Shares, I n c . , Hutchinson, Kansas, f o r approval t o acquire 100 percent of the voting shares of Thayer Leasing, I n c . , Hutchinson, Kansas and thereby engage in general leasing a c t i v i t i e s , both personal and real property, Including commercial, agri-business and municipal use. V T7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 28 - 1 1 - ACTIONS OF THE BOARD-Continued Boston Permitted F l e e t Financial Group, I n c . , Providence, Rhode Island, not i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (the servicing of r e s i d e n t i a l mortgage loans and loans secured by j m i o r l i e n s on residential real e s t a t e ) at Suite 200, 26011 Evergreen, Southfield, Michigan, serving the counties of Genesee, Lapeer, Macomb, Monroe, Oakland, St. C l a i r , Sanilac and Wayne, ttrough i t s indirect subs i d i a r y , Mortgage Associates, Inc. ( 7 / 7 / 8 2 ) 3/ New York Bankers Trust New York Corporation, New York, New York, requests permission to e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (maTcfng or acquiring loans or other extensions of c r e d i t such as would be made by a commercial finance company, including commercial loans secured by a borrower's accounts receivable, inventory or other a s s e t s ; purchasing or acquiring accounts receivable and making advances t her on as would be done by a f a c t o r ; servicing such loans or accounts for others; and acquiring and s e l l i n g p a r t i c i p a t i o n s ) a t Cal Mart, 110 East 9th S t r e e t , Suite C801, Los Angeles, California, serving California, Nevada, Oregon, Washington, Idaho, Utah, Arizona, Montana, Wyoming, Colorado, New Mexico, Alaska and Hawaii, ttrough i t s subs i d i a r y , BT Commercial Corporation (7/7/82) 3/ New York The Chase Manhattan Corporation, New York, New York, requests permission to e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquiring, for i t s owi account or for the account of others, loans and other extensions of c r e d i t such as would be made by a commercial f i n a n c e , equipment finance or factoring company, including factoring accounts r e c e i v a b l e , making advances and over-advances on r e c e i v a b l e s and inventory and business installment lending as well as in secured commercial loans; servicing loans and other extensions of c r e d i t ; leasing personal property on a f u l l payout b a s i s and in accordance with the Board's Regulation Y, or acting as agent, broker or adviser in so leasing such property, including the leasing of motor v e h i c l e s ) at 1 Marine Midland Plaza, Suite 1623, Rochester, New York, serving northern New York S t a t e , Connecticut, Maine, New Hampshire, Rhode Islando, Massachusetts and Vermont, through i t s subsidiary, Chase Commercial Corporation ( 7 / 7 / 8 2 ) 3/ 37 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors mder delegated authority. I ACTIONS OF THE BOARD-Continued Philadelphia Fidel c o r , I n c . , P h i l a d e l p h i a , Pennsylvania, 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 (performing a p p r a i s a l s of real e s t a t e pursuant t o 2 2 5 . 4 ( a ) ( 1 4 ) ) a t 121 South Broad S t r e e t , 13th F l o o r , P h i l a d e l p h i a , Pennsylvania, t h e geographic area covered w i l l be the S t a t e s of Pennsylvania and New J e r s e y , through a subs i d i a r y , Latimer & Buck, Inc. (7/9/82) 3/ Chicago Acorn Financial Corp., Oak Park, I l l i n o i s , 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 leasing personal p r o p e r t y , or acTTing as a g e n t , broker or adviser in l e a s i n g property) a t 840 South Oak Park Avenue, Oak Park, I l l i n o i s , t h e area t o be served would be t h e S t a t e of I l l i n o i s , through i t s s u b s i d i a r y , Acorn Leasing Corp. (7/6/82) 3 Minneapolis Klein Bancorporation, I n c . , Chaska, 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 ( t o engage de novo in t h e a c t i v i t y of u n d e r w r i t i n g , as r e i n s u r e r , c r e d i t l i f e and c r e d i t accident and health insurance d i r e c t l y r e l a t e d t o extensions of c r e d i t by A p p l i c a n t ' s c r e d i t - g r a n t i n g s u b s i d i a r y banks) through i t s wholly-owned s u b s i d i a r y , Klein L i f e Insurance Company, Phoenix, Arizona (7/9/82) 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 ( a c t t i n g as an i n d u s t r i a l loan company under t h e Washington I n d u s t r i a l Loan Companies Act; making or acquiring f o r i t s own account loans and o t h e r extensions of c r e d i t ; s e r v i c i n g loans and o t h e r extensions 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 h e a l t h insurance in t h e S t a t e of Washington; 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 , i s s u i n g investment c e r t i f i c a t e s (pledged as s e c u r i t y ) , making consumer i n s t a l l m e n t l o a n s , purchasing i n s t a l l ment s a l e s f i n a n c e c o n t r a c t s , making loans and other 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 real and personal 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 accident and h e a l t h insurance d i r e c t l y r e l a t e d t o extensions of c r e d i t made or acquired by both FinanceAmerica I n d u s t r i a l Loan Company and FinanceAmerica Corporation) a t 150 Bellevue Way, SE, Suite 103, Bellevue, Washington, J7 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under delegated a u t h o r i t y . h . 2 , 1982 No. 28 - 13 ACTIONS OF THE BOARD-Continued serving the e n t i r e S t a t e of Washington, through i t s proposed i n d i r e c t s u b s i d i a r y , FinanceAmerica i n d u s t r i a l Loan Company (a proposed Washington Corporation) and (making or a c q u i r i n g f o r i t s own account loans and o t h e r extensions 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 o t h e r extensions 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) a t 150 Bellevue Way, SE, Suite 103, Bellevue, Washington, serving t h e e n t i r e S t a t e of Washington, through an i n d i r e c t s u b s i d i a r y , FinanceAmerica Corporat i o n (a Washington Corporation) (7/10/82) 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 extensions of c r e d i t such as are 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 extensions 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 will nqt be o f f e r e d in t h e S t a t e of Kentucky; such a c t i v i t i e s will i n c l u d e , but not be limited t o , purchasing i n s t a l l m e n t s a l e s f i nance c o n t r a c t s , making loans and other extensions of c r e d i t t o small b u s i n e s s e s , making loans secured by real and personal 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 accident and health insurance d i r e c t l y r e l a t e d t o extensions of c r e d i t made or acquired by FinanceAmeria Credit Corporation) at 350 Elaine Drive, S u i t e 205, Lexington, Kentucky, serving the e n t i r e S t a t e of Kentucky, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Credit Corporation (a Delaware Corporation) (7/9/82) 3/ San Francisco BankAmerica Corporation, 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 loans and extending c r e d i t , 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 f o r i t s e l f and o t h e r s , and providing s e r v i c e s i n c i d e n t a l t o such loans and extensions of c r e d i t such as a r e made or acquired by a f i nance company; 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 , providing funds and/or c r e d i t s e r v i c e s in connection with t h e f i n a n c i n g of stock and f l o o r plan inventory of d i s t r i b u t o r s and d e a l e r s of consumer p r o d u c t s ; no c r e d i t r e l a t e d insurance of any type will be o f f e r e d by Sea Ray in connection with i t s lending 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 28 - 14 ACTIONS OF THE BOARD-Continued a c t i v i t i e s ) at 5979 E. Livingston Avenue, Suite 210, Columbus, Ohio, serving a l l f i f t y States and the D i s t r i c t of Columbia, through i t s proposed indirect subsidiary, Sea Ray Credit Corporation (a proposed Delaware Corporation) (7/9/82) 3>/ San Francisco TJ West Coast Bancorp, Endno, California, n o t i f i c a t i o n of Intent t o engage in de novo a c t i v i t i e s (operating an Insurance premium financing company under the California Industrial Loan Laws) at 16311 Ventura Boulevard, Suite 1175, Endno, California, serving Southern California, through I t s subsidiary, West Coast Premium Financing Company (a California Corporation) (7/10/82) 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1 H.2, 1982 No. 28 - 15 APPLICATIONS RECEIVED To Estabish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act New York Bankers Trust Company, New York, New York. To establ i s h a branch o f f i c e at 4 Albany S t r e e t , Borough of Manhattan, City of New York. 2/ New York Chemical Bank, New York, New York. To e s t a b l i s h a branch o f f i c e on the second f l o o r at IBM Corporation, 1311 Mamaroreck Avenue, White Plains, New York. 2/ * * * * * Applications and N o t i f i c a t i o n s for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as amended Boston Industrial National Bank of Rhode Island, Providence, Rhode Island: to amend A r t i c l e s of Association of t h e i r Edge Act Corporation to r e f l e c t change in names of Industrial International Bank, New York, New York t o Fleet International Bank and Industrial Overseas Investment, Ltd., Providence, Rhode Island t o Fleet Overseas Invest, Ltd. New York Citibank, N.A., New York, New York: prior n o t i f i c a t i o n of i t s intent t o make an additional investment in Citibank Maghreb, Casablanca, Morocco. * * * * * To Establish an Overseas Branch of a Member Bank Pursuant t o Section 25 of the Federal Reserve Act New York 77 European American Bank and Trust Company, New York, New York: requests consent to e s t a b l i s h a branch in Nassau, Bahamas. Application subject t o Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 28 - 16 APPLICATIONS RECEIVED-Continued To Form a Bank Holding Company Pursuant to Section 3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956 Philadelphia Harleysville National Corporation, H a r l e y s v i l l e , Pennsylvania, for approval to acquire 100 percent of the voting shares of Harleysville National Bank and Trust Company, H a r l e y s v i l l e , Pennsylvania. 2/ Atlanta F i r s t Bank Holding Company, Treasire Island, Florida, for approval to acquire at l e a s t 80 percent of the voting shares of F i r s t Bank of P i n e l l a s Coimty, Treasure Island, Florida. 2 / Atlanta Peoples Bancshares, I n c . , C l i f t o n , Tennessee, for approval to acquire a t l e a s t 80 percent of the voting shares of Peoples Bank, C l i f t o n , Tennessee. 2/ Chicago CS BANCORP, Hmtington, Indiana, for approval to acquire at l e a s t 80 percent of the voting shares of the successor by merger to Community State Bank in Hmtington, Hmtington, Indiana. 2/ Chicago Dm lap Iowa Holding Co., Dtnlap, Iowa, for approval to acquire at l e a s t 80 pecent or more of the voting shares of Dmlap Savings Bank, Dtnlap, Iowa. 2 / Chicago Illowa Bancorp, I n c . , Savanna, I l l i n o i s , for approval to acquire 92.5 percent or more of the voting shares of The National Bank of Savanna, Savanna, I l l i n o i s . 2/ Chicago New Q*eat Lakes Financial, I n c . , Or and Rapids, Michigan, for approval to acquire 100 percent of the voting shares of Peoples Bank & Trust, Gfand Haven, Uhion Bank & Trust Co. N.A., Grand Rapids and F i r s t National Bank & Trust Company, Petoskey, all in Michigan, ttrough a merger with Uhion Bancorp I n c . , Grand Rapids, Michigan (a Delaware Corporation). 2 / Chicago Pan or a Financial Corp., Pan or a, Iowa, for approval to acquire 100 percent of the voting shares of Mid Iowa, I n c . , Panora, Iowa thereby d i r e c t l y acquiring 17.56 percent and i n d i r e c t l y acquiring 65.97 percent of Panora State Bank, Panora, Iowa. 2/ Chicago Royal Bancshares, I n c . , Royal, Iowa, for approval to acquire 80 percent of the voting shares of Home State Bank, Royal, Iowa. 2 / 27 Application subject to Commit 1 ty Reinvestment Act. The Commrnity A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 'fJt2 No. 26 - 17 • APPLICATIONS P.ECEIVED-Continued Chicago Uh ted Ban corpora tion, I n c . , Rock ford, I l l i n o i s , (a Delaware Corporation), for approval to acquire at l e a s t 98 percent of the voting shares of Uhited Bank of I l l i n o i s , National Association, Rock for d, m - ' n o i s ; United Bank of Belvidere, Belvidere, I l l i n o i s ; United Bank of Southgate, Rockfcrd, I l l i n o i s ; and Uti i ted Bancorporatio", I n c . , Rock ford, I l l i n o i s (an 111 'nois Corporation ) and indireclty acquire 98 percent of the voting shares of United Bank of For h e l l e , Roche!le, I l l i n o i s ; S.B.A. Company, Rockford, I l l i n o i s ; Uhited Bank of Rockford, Rockford, I l l i n o i s ; and Oregon Corporation, Rock ford, I l l i n o i s , and i n directly acquire 96 percent of the voting shares of ihited Bank of Ogle Cointy, National Association, Oregon, I l l i n o i s ; and East Riverside I n c . , Rockford, I l l i n o i s and to indirectly acquire 93 percent of United Bank of Loves Park, Loves Park, I l l i n o i s . 2/ St. Loir's Edmonton Bancshares, Inc., Edmonton, Kentucky, for approval to acquire 100 percent of the voting shares of the successor by nerger to Edmonton State Bank, Edmonton, Kentucky. 2/ St. Lou1's Midcon Holdings, Inc., B e l l e v i l l e , Missouri, for approval to acquire 100 percent of the voting shares of Bellev i l l e National Bank, B e l l e v i l l e , I l l i n o i s . 2/ Kansas C 'ty Amsterdam Bancshares, I n c . , Amsterdam, Missouri, for approval to acquire at l e a s t 86 percent of the voting shares of Citizens Bank, Amsterdam, Missouri. 2/ Kansas City F i r s t Bancorp of Kansas, Wichita, Kansas, for approval to acquire 100 percent of the voting shares of F i r s t National Bank in Wichita, Wichita, Kansas. 1/ Kansas C<ty Sinf 1 ower Bancshares, I n c . , Riley, Kansas, for approval to acquire at l e a s t 80 percent of the voting shares of The Riley State Bank of Riley, Riley, Kansas. 2/ Dallas A l l i e d Irving Bancshares, Inc., Houston, Texas, for approval to acquire 100 percent of the voting shares of Irving American Bancshares Corp., Irving, Texas and indirectly The American Bank, Irving, Texas. 2/ 27 — SpTpl^cat1 on subject to Comronity Reinvestment Act. The Commrnity A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted a s to the length of the comment period. H.2, 1982 No. 28 - 18 APPLICATIONS RECEIVED-Continued Dallas HNB Corporation, Huntsville, Texas, for approval to acquire at l e a s t 80 percent of the voting shares ( l e s s d i r e c t o r s ' qualifying shares) of the Huntsv i l l e National Bank, Huntsville, Texas. 2/ Dallas Oak!awn Financial Corporation, Texarkana, Texas, for approval to acquire at l e a s t 80 percent of the voting shares of Oaklawn Bank, Texarkana, Texas. 2J * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956 Boston First Bancorp of N.H., I n c . , Manchester, New Hampshire, for approval to acquire 100 percent of the voting shares of The Bedford Bank, Bedford, New Hampshire. 2/ Atlanta AmSouth Bancorporation, Birmingham, Alabama, for approval to acquire 100 percent of the voting shares of Citizens Bank of Talladega, Talladega, Alabama. 2/ Chicago First Busey Corporation, Urbana, I l l i n o i s , for approval to acquire 100 percent of the voting shares ( l e s s d i rectors' qualifing shares) of Roberts State Bank, Roberts, I l l i n o i s . 2/ Kansas City New Mexico Banquest Corporation, Santa Fe, New Mexico, for approval to acquire more than 50 percent of the voting shares of The Bank of Northern New Mexico, Las Vegas, New Mexico. 2/ Dallas Allied Bancshares, I n c . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Irving American Bancshares Corp., Irving, Texas and i n d i r e c t l y The American Bank, Irving, Texas. 2/ Dallas Mercantile Texas Coporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares of The Ashford Bank, Houston, Texas. 2/ Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Chemical Bank & Trust Company, Houston, Texas. 2/ 77 Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 28 - 19 APPLICATIONS RECEIVED-Continued To Expand a Bank Holding Company Pursuant to Section 3 ( a ) ( 5 ) of the Bank Holding Company Act of 1956 S t . Louis General Bancshares Corporation, St. Louis, Missouri, for approval to i n d i r e c t l y acquire 100 percent of B e l l e v i l l e National Bank, B e l l e v i l l e , I l l i n o i s through the merger of Mid-Continental Bancshares, Inc. into Midcon Holding, Inc. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 Boston Shawmut Corporation, Boston, Massachusetts, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (in commercial finance a c t i v i t i e s including the making or acquiring for i t s own account or for the account of others, loans and other extensions of credit such as would be made by a finance company including, without l i m i t a t i o n , commercial loans, which may be secured by accounts receivable, inventory, equipment or other a s s e t s ; and servicing such loans and other extensions of credit for others) in Atlanta, Georgia and Chicago, I l l i n o i s , the Atlanta o f f i c e will serve States in southeastern United States (Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Virginia) and the Chicago o f f i c e will serve the midwestern States ( I l l i n o i s , Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio and Wisconsin), through i t s subsidiary, Shawmut Credit Corp. (7/7/82) New York The Chase Manhattan Corporation, New York, New York, requests permission to e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquiring, f o r i t s own account or for the account of others, loans and other extensions of credit secured by real e s t a t e including, but not limited t o , f i r s t and second mortgage loans secured by mortgages on one-to-four family r e s i d e n t i a l properties; servicing loans and other extensions of credit for any person; servicing TJ Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. APPLICATIONS RECEIVED-f.ontinued mortgage loans in the secondary market, and o f f e r i n g mortgage term l i f e insurance, accident and health insurance and 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 to such lending and servicing a c t i v i t i e s ) a t 151 South Warner Read, Wayne, Pennsylvania, through 4 t s s u b s i d i a r y , Chase Home Mortgage Corporation (7/9/82) Manufacturers Hanover Corporation, New York, New York, requests permission io e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquiring loans and other extensions of c r e d i t , secured or unsecured, such as would be made or acquired by a finance company under California law; servicing such loans and other extensions of c r e d i t ; and o f f e r ing c r e d i t related l i f e insurance; such a c t i v i t i e s w i l l include, but not be limited t o , making consumer Installment loans, purchasing installment s a l e s f i nance contracts, making loans and other extensions of credit secured by real and personal property, and o f f e r ing related s i n g l e and j o i n t l i f e insurance and decreasing or level term (in the case of s i n g l e payment loans) l i f e insurance d i r e c t l y related to extensions of credit nade or acquired by Finance One of California, Inc. by licensed agents or brokers to the extent permissible under applicable State insurance laws and regulations; t h i s o f f i c e w i l l serve Del Norte, Siskiyou, Modoc, Humboldt, Trinity, Shasta, Lassen, Mendocino, Tehama, Plumas, Butte, Glenn, Lake, Colusa, S u t t e r , Yuba, Sierra, Nevada Placer, Sonoma, Napa, Yolo, El Dorado, Marin, Sacramento, Amador, San Francisco, Contra Costa, San Joaquin, San Mateo, Alameda, Calavares, Alpine, Solano, Tuolumne, S t a n i s l a u s , Santa Clara, and Santa Cruz counties) at 30 Quail Court, Walnut Creek, California, through i t s subsidiary, Finance One of C a l i f o r n i a , Inc. (7/6/82) Northwestern Financial Corporation, North Wilkesboro, North Carolina, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making, acquiring and servicing TTrst mortgage loans such as would be made by a mortgage banking company) at 3608 West Friendly Avenue, Greensboro, North Carolina, through i t s subsidiary, F i r s t Atlantic Corporation ( 7 / 7 / 8 2 ) NBD Bancorp, I n c . , Detroit, Michigan, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (mortgage banking a c t i v i t i e s , "including the making and acquiring of mortgage loans and other extensions of credit H.2, 1982 No. 28 - 21 APPLICATIONS RECEIVED-Continued a s would be made by a mortgage company) a t 125 South Ma^n S t r e e t , Ann Arbor, Michigan , the geographic area to be served w i l l be the c i t i e s of Ann Arbor, Y p s i l a n t i , Plymouth, Farmington, and Novi and c o i n t i e s of Washtenaw, Monroe and Livingston and p o r t i o n s of Wayne, Oakland and Lenawee C o u n t i e s , through i t s s u b s i d i a r y , NBD Morggage Company (6/24/82) Chicago Panora Financial C o r p . , Panora, Iowa, for approval t o engage in insurance a c t i v i t i e s in a town with a population of l e s s than 5,000. Minneapolis F i r s t Bank System, I n c . , Minneapolis, Minnesota, n o t i f i c a tion of i n t e n t to engage in de novo a c t i v i t i e s (in providing bookeeping or data processing s e r v i c e s and s t o r i n g and processing other banking, f i n a n c i a l , or r e l a t e d economic data such as performing p a y r o l l , accounts r e c e i v a b l e or payable, or b i l l i n g s e r v i c e s to the holding company, i t s s i A s i d i a r i e s and correspondents and customers of those s u b s i d i a r i e s , n o n - a f f i l i a t e d banks, t h r i f t s and o t h e r s on an i n d i r e c t and d i r e c t c o n t r a c t b a s i s ) a t 332 Minnesota S t r e e t , S t . Paul, Minnesota, and regional c e n t e r s l o c a t e d in B i l l i n g s , Montana; Duluth, Minnesota; Fargo, North Dakota; t r e a t F a l l s , Montana; Minot, North Dakota; Rapid C i t y , South Dakota; Rochester, Minnesota; Sioux F a l l s , South Dakota and Rothschild, Wisconsin, serving the c o n t i n e n t a l United S t a t e s , through i t s sitosidiary, F i r s t Computer Corporation ( 7 / 8 / 8 2 ) Minneapolis McLean Bank Holding Company, Garrison, North Dakota, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (to engage in the purchase of g e n e r a T l o a n s from i t s t h r e e subsi di a ry banks, namely the Garrison S t a t e Bank, Garrison, North Dakota, Farmers Security Bank, Washburn, North Dakota and the Bank of T u r t l e Lake, T u r t l e Lake, North Dakota and an a f f i l i a t e d bank, the Union S t a t e Bank of Hazen, North Dakota, the lending a c t i v i t y will be confined to the following North Dakota c o u n t i e s : McLean, Mercer & O l i v e r ; these loans will include r e a l e s t a t e mortgages, a g r i c u l t u r e l o a n s and consumer l o a n s ) the a c t i v i t y w i l l be conducted from i t s p r i n c i p a l o f f i c e a t 2 North Main, Garrison, North Dakota (7/7/82) San Francisco BankAmerica Corporation, 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 to engage in de novo a c t i v i t i e s (making loans and other e x t e n s i o n s of c r e d i t , and acquiring l o a n s , p a r t i c i p a t i o n s in 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 I H.2, 1982 No. 28 -22APPLICATIONS RECEIVED-Continued by a f i n a n c e company; such a c t i v i t i e s will include, but not be l i m i t e d t o , inventory and accounts r e c e i v a b l e f i nancing; equipment f i n a n c i n g ; insurance premium f i n a n c i n g ; making loans to n o n - a f f i l i a t e d finance and l e a s i n g companies secured by pledges of accounts r e c e i v a b l e of such companies; and making loans secured by real or personal property; in a d d i t i o n , BA Commercial Corporation also proposes t o engage in the a d d i t i o n a l a c t i v i t i e s of s e r v i c i n g loans, p a r t i c i p a t i o n s of loans and other extensions of c r e d i t f o r i t s e l f and o t h e r s in connection with extensions of c r e d i t made or acquired by BA Commercial Corporation; no c r e d i t r e l a t e d insurance of any type will be o f f e r e d by BA Commercial Corporation in connection with i t s lending a c t i v i t i e s ) in Cleveland, Ohio, serving a l l f i f t y S t a t e s and t h e D i s t r i c t of Columbia, through i s s u b s i d i a r y , BA Commercial Corporation (a Pennsylvania Corporation) (7/9/82) San Francisco Crocker National Corporation, San Francisco, C a l i f o r n i a , Midland Bank pic and Midland C a l i f o r n i a Holdings Limited, both of London, England, 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 mortgage banking a c t i v i t i e s including o r i g i n a t i n g mortgage loans on s i n g l e and multifamily r e s i d e n t i a l p r o p e r t i e s and commercial n o n - r e s i d e n t i a l p r o p e r t i e s , s e l l i n g t h e mortgage loans t o permanent inv e s t o r s , and s e r v i c i n g the loans on behalf of i n v e s t o r s who purchase them and a s s i s t i n g developers and b u i l d e r s in obtaining c o n s t r u c t i o n loans and o t h e r types of development loans; acquiring from o t h e r s , f o r i t s own account or f o r t h e account of o t h e r s , e n t i r e or p a r t i a l i n t e r e s t s in real e s t a t e loans and extensions of c r e d i t secured by real e s t a t e including i n t e r i m , c o n s t r u c t i o n , development and long-term real e s t a t e loans and r e l a t e d s e c u r i t y ; a c q u i r i n g , holding and disposing o f , f o r i t s own account or the account of o t h e r s , n o t e s , bonds, debentures, passthrough c e r t i f i c a t e s , or other s i m i l a r instruments which a r e secured or backed d i r e c t l y or i n d i r e c t l y by i n t e r e s t s in real e s t a t e or in extensions of real e s t a t e c r e d i t ; l e a s i n g real property in accordance with the provisions of Section 2 2 5 . 4 ( a ) ( 6 ) of Regulation Y; acting as a g e n t , broker or advisor t o any person or e n t i t y in connection with t r a n s a c t i o n s of the types described above; and s e r vicing real e s t a t e loans and other extensions of real e s t a t e c r e d i t owned by o t h e r s ) at 4101 McEwen S t r e e t , S u i t e 209, D a l l a s , Texas, serving the United S t a t e s , through a s u b s i d i a r y , Crocker Mortgage Company, Inc. (7/8/82) H.2, 1982 No. 28 - 23 APPLICATIONS RECEIVED-Continued San Franc'sco Orbanco Financial Services Corporation, Portland, Oregon, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring loans or other extensions of c r e d i t such as would be made or acquired by a commercial f i nance company; leasing personal property in accordance with 12 C.F.R. 2 2 5 . 4 ( a ) ( 6 ) ; and servicing loans or participations in loans and other extensions of c r e d i t ) at 1601 Dove S t r e e t , Suite 295, Newport Beach, C a l i fornia, serving the States of California and Arizona, through i t s subsidiary, Northwest Acceptance Corporation ( 7 / 7 / 8 2 ) San Francisco U.S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making, acquiring and servicing of loans and other extensions of c r e d i t either secured or unsecured for i t s own account or for the account of others including the making of consumer installment loans, purchasing consumer installment and real e s t a t e s a l e s finance contracts and evidences of debt and making consumer home equity loans secured by real e s t a t e , making industrial loans, and acting as insurance agent with regard to c r e d i t l i f e and d i s a b i l i t y insurance s o l e l y in connection with extensions of c r e d i t by U.S. Bancorp Financial, Inc.) at the American Bank Center, 123 West F i r s t S t r e e t , Suite C-95, Casper, Wyoming, the primary service area to be served by the proposed o f f i c e w i l l be the e n t i r e c i t y of Casper, Wyoming as well as all of Natrona County, ttrough i t s subsidiary, U.S. Bancorp Financial, Inc. d/b/a U.S. Ban cor p Financial Services, Inc. (7/7/82) San Francisco U.S. Bancorp, Portland, Oregon, for approval to acquire through i t s wholly-owned subsidiary, U.S. Bancorp Financial, I n c . , Portland, Oregon, 100 percent of the voting shares of Pueblo Beneficial Industrial Bank, Pueblo, Colorado; Colorado Springs Beneficial Industrial Bank, Colorado Springs, Colorado; and Trinidad Beneficial Industrial Bank, Trinidad, Colorado and engage in a c t i v i t i e s of making consumer finance l o a n s , issuing t t r i f t c e r t i f i c a t e s , servicing loans, c r e d i t r e l a t e d insurance s a l e s , and s a l e s of money orders and travelers checks. H.2, 1982 No. 28 - 24 APPLICATIONS RECEIVED-Continued REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None. I
@FedFRASER