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# ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Applications and Reports Received or Acted on H.2 1972 No. 29 During the Week Ending July 15, 1972 Date District Current Report Filed Pursuant to Section 13 of the Securities Exchange Act Received Citizens Commercial & Savings Bank, Flint, Michigan (June 1972) 12 Union Bank, Los Angeles, California (June 1972) To Withdraw from Membership in the Federal Reserve System Without a Six Month Notice as Prescribed by Section 9 of the Federal Reserve Act Received Mutual Trust and Deposit Company, New Albany, Indiana k * * "k -k To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received The Richwood Banking Company, Richwood, Ohio. Branch to be established at 601 West Main Street, Plain City, Union and Madison Counties. 7-11-72 7-10-72 H.2 1972 No. 29 -2- App roved ^Depositors Trust Company, Augusta, Maine. Branch to be established at the Airport Mall Shopping Center, 305 Kennedy Drive,Waterville. •k k * * * To Carry Reduced Reserves Pursuant to Section 19 of the Federal Reserve Act Received First Hennepin National Bank of Minneapolis, Minnesota Approved First Hennepin National Bank of Minneapolis, Minnesota Denied Security National Bank, Hempstead, New York * * * * * 8 To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Received Union Planters National Bank of Memphis, Memphis, Tennessee, Branch to be established in Cayman Islands, West Indies. •k i< -k "k -k Thirty Day Notice of Intention to Establish An Additional Branch in a Foreign Country Received First National City Bank, New York, New York. Two additional branches to be established in Hong Kong. k k "k k k *Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 1972 No. 29 6 7 6 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Approved HMT Corporation, Miami, Florida, for prior approval to acquire 80 per cent or more of the voting shares of each: Bank of Perrine, Perrine, Florida, and Bank of Cutler Ridge, Cutler Ridge, Florida / **NBS Financial Corporation, Southfield, Michigan, for prior approval to acquire 80 per cent or more of the voting shares of National Bank of Southfield, Southfield, Michigan. Suspended **First Georgia Bancshares, Inc., for prior approval to acquire directors 1 qualifying shares) of the successor by merger to Bank, Atlanta, Georgia. Atlanta, Georgia, 100 per cent (less of the voting shares the First Georgia * * * * * 2 To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received First National City Corporation, New York, New York, for prior approval to acquire 100 per cent of the voting shares of Citibank (Central), National Association, Oriskany Falls, New York, successor by merger to The First Trust and Deposit Company of Oriskany Falls, New York, Oriskany Falls, New York. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 7-12-72 7-13-72 # H.2 1972 No. 29 2 Received Continued **United Jersey Banks, Hackensack, New Jersey, for prior approval to acquire 100 per cent (excluding directors 1 qualifying shares) of the voting shares of United Jersey National Bank of Ocean County, Lakewood, New Jersey, a de novo bank in organization. 6 **Exchange Bancorporation, Inc., Tampa, Florida, for prior approval to acquire at least 99 per cent of the outstanding voting shares of The Exchange National Bank of Pinellas Park, Pinellas Park, Florida, a proposed new bank. 6 Hamilton Bancshares, Inc., Chattanooga, Tennessee, for prior approval to acquire at least 90 per cent of the voting shares of The Farmers National Bank of Winchester, Winchester, Tennessee. 8 U . N . Bancshares, Inc., Springfield, Missouri, for prior approval to acquire 90 per cent or more of the voting shares of Pulaski County Bank, Richland, Missouri. 9 Mid America Bancorporation, Inc., St. Paul, Minnesota, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of First State Bank of Coon Rapids, Coon Rapids, Minnesota. 3 Approved Citizens Bancorp, Vineland, New Jersey, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to Citizens National Bank of South Jersey, Bridgeton, New Jersey. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 7-10-72 7-14-72 - 5- H.2 1972 No. 29 3 6 6 Approved Continued Citizens Bancorp, Vineland, New Jersey, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the successor by merger to The First National Bank of Marlton, MarIton, New Jersey. North American Mortgage Corporation, St, Petersburg, Florida, fpr prior approval to acquire 23.9 per cent of the voting shares of The American Bank, St. Petersburg, Florida, a proposed new bank. Correction: **0n H.2 No. 26 the Board reported as approved Hamilton Bancshares, Inc., Chattanooga, Tennessee, for prior approval to acquire 24,200 shares of common stock to be issued by The First National Bank of Cartersville, Cartersville, Georgia. It should have been reported as follows: Hamilton Bancshares, Inc., Chattanooga, Tennessee, for prior approval to acquire 9,280 of the additional 24,200 shares of common stock to be issued by The First National Bank of Cartersville, Cartersville, Georgia. 6-19-72 * * * * * 1 To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received **Worcester Bancorp, Inc., Worcester, Massachusetts, notification of intent to engage in a de novo activity (acting as insurance agent or broker in offices at which Worcester Bancorp, Inc., or its subsidiaries are or are expected to be otherwise engaged in business with respect to the following types of insurance: (1) any insurance for Worcester Bancorp, Inc., and its subsidiaries, including casualty insurance on ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 7-14-72 -6- H. 2 1972 No. 29 Received Continued real and personal property subject to, however, the limitations contained in the laws of Massachusetts; (2) any insurance that (a) is directly related to the extension of credit by a bank or bank-related firm, including credit life insurance, mortgage life insurance, and casualty insurance on real and personal property; (b) is directly related to the provision of other financial services by a bank or bank-related firm including credit life insurance and casualty insurance on real and personal property; or, (c) is otherwise sold as a matter of convenience to the purchaser; (3) any insurance sold in a community that has a population not exceeding 5,000, including credit life insurance, other life insurance and casualty insurance on real and personal property) through a subsidiary known as Wornat Insurance Agency, Inc. Such activities will be or are expected to be conducted at offices in Massachusetts, including offices in the following locations: 446 Main Street, Worcester, Massachusetts; 12 High Street, Worcester, Massachusetts; 535 Lincoln Street, Lincoln Plaza, Worcester, Massachusetts; 342 Main Street, Worcester, Massachusetts; 875A Main Street, Worcester, Massachusetts; 295 Park Avenue, Worcester, Massachusetts; 57 Pearl Street, Worcester, Massachusetts; 78 Pleasant Street, Worcester, Massachusetts; 47 Myrlle Street, Seven Hills Plaza, Worcester, Massachusetts; 458 West Boylston Street, Worcester, Massachusetts; 505 Main Street, Ashburnham, Massachusetts; 376 Southbridge Street, Auburn, Massachusetts; Elm Street, Baldwinville, Massachusetts; On the Common, Barre, Massachusetts; 77 High Street, Clinton, Massachusetts; 533 Main Street, Fitchburg, Massachusetts, John Fitch Highway, Fitchburg, Massachusetts; MacArthur Avenue, Ft. Devens, Massachusetts; 25 Main Street, Gardner, Massachusetts; 346 Timpany Blvd., Gardner, 1 -7 H.2 1972 No. 29 Received Continued Massachusetts; 1116 Main Street, Holden, Massachusetts; 145 Main Street, Lancaster, Massachusetts; Searstown, Leominster, Massachusetts; 181 Main Street, North Brookfield, Massachusetts; 200 Boston Turnpike, Shrewsbury, Massachusetts; 11 Main Street, Southborough, Massachusetts, 249 Main Street, Southbridge, Massachusetts; 914 Main Street, Southbridge, Massachusetts; 133 Main Street, Spencer, Massachusetts; Main Street, Sterling, Massachusetts; Sturbridgc Plaza, Route 131 at Fairview Road, Sturbridge, Massachusetts; 248 Main Street, Webster, Massachusetts; 68 E, Main Street, Westboro, Massachusetts; 101 Main Street, Westminster, Massachusetts. 4 Equimark Corporation, Pittsburgh, Pennsylvania, for prior approval to acquire all of the loans receivable, office furniture and fixtures of six offices of First Provident Company, Inc., Sanford, North Carolina. 5 **Cameron Financial Corporation, Charlotte, North Carolina, notification of intent to engage in a de_ novo activity (providing investment advisory and investment management services and furnishing financial information) through a subsidiary to be known as Mint Investors Corporation, Charlotte, North Carolina. 7-10-72 5 **South Carolina National Corporation, Columbia, South Carolina, notification of intent to engage in a de novo activity ((1) making or acquiring for its own account or for the account of others, mortgages and other extensions of credit; and (2) servicing such loans and extensions of credit) through a subsidiary to be known as South Carolina National Mortgage Corp., in Columbia, Charleston and Greenville, South Carolina. 7-10-72 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. -8- H.2 1972 No. 29 6 Received Continued **Barnett Banks of Florida, Inc., Jacksonville, Florida, notification of intent to engage in de novo activities ((1) conducting the business of a mortgage company, including the making or acquiring, for its own account or for the account of others, loans and other extensions of credit; (2) servicing loans and other extensions of credit for any person; and (3) acting as investment or financial adviser to the extent of (i) providing portfolio investment advice, and (ii) furnishing general economic information and advice) in Houston, Texas, through its present subsidiary, Barnett-Winston Company. 7-10-72 6 **Forpak, Inc., Forest Park, Georgia, notification of intent to engage in cle novo activities (making or acquiring for its own account, loans secured by real estate and other loans and extensions of credit) through a subsidiary to be known as Forpak Investment Corporation, Forest Park, Georgia. 7-14-72 6 **Fulton National Corporation, Atlanta, Georgia, notification of intent to engage in a de novo activity (making or acquiring for its own account loans secured by real estate and other loans and extensions of credit) through a subsidiary to be known as B.M.A., Investment Company, Atlanta, Georgia, 7-14-72 6 **Great American Corporation, Baton Rouge, Louisiana, notification of intent to engage in a de novo activity (making and acquiring, for its own account, loans, discounts, acceptances, and other extensions of credit, and other such business as is customarily engaged in by a consumer credit or finance company) in Metairie, Louisiana, through its present subsidiary, Ambank Acceptance Corporation doing business as American Acceptance Associates. 7-13-72 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. • • H.2 1972 No. 29 7 Received Continued **The Indiana National Corporation, Indianapolis, Indiana, notification of intent to engage in a de novo activity (acting as investment or financial advisor to the extent of serving as the advisory company for Indiana Mortgage & Realty Investors, a Maryland real estate investment trust) through its wholly-owned subsidiary known as Indiana Mortgage Corporation, Indianapolis, Indiana. 7-14-72 10 **Midwestern Financial Corporation, Denver, Colorado, notification of intent to engage in a de novo activity (originating for sale to investors residential first mortgage real estate loans) through its subsidiary, Kassler & Co., at Lakewood, Colorado. 7-10-72 12 **Patagonia Corporation, Tucson, Arizona, notification of intent to engage in a de novo activity (leasing of personal property and equipment and/or acting as agent, broker, or advisor in connection therewith, where at the inception of the initial lease the expectation is that the effect of the transaction will be to compensate the lessor for full investment in property) through a subsidiary known as Great Western Leasing Company, Phoenix, Arizona. 7-11-72 I 11 Permitted **New England Merchants Company, Inc., Boston, Massachusetts, notification of intent to shift a de_ novo activity (leasing of personal property and equipment) through a transfer of New England Merchants Financial Corporation, a wholly-owned subsidiary of New England Merchants National Bank to direct ownership by the holding company. **Republic National Bank of Dallas, Dallas, Texas, to engage in de_ novo activities ((1) making loans and other extensions of credit customarily made by mortgage companies for its own account and for the account of others; (2) servicing of such accounts) through a wholly-owned subsidiary, Republic National Mortgage Corporation of Texas, Dallas, Texas. 7-13-72 7-12-72 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. I • • I —10— H. 2 1972 No. 29 6 7 4 12 To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Received **Phoenix, Inc., Atlanta, Georgia, notification of intent to acquire 123,000 shares of common stock of Southeastern Capital Corporation, Atlanta, Georgia. **Investors Growth Industries, Inc., Minneapolis, Minnesota, notification of intent to acquire directly or through a wholly-owned subsidiary, Seven Up Bottling Company of Salt Lake City, Salt Lake City, Utah. Permitted **Shelter Resources Corp., Cleveland, Ohio, to acquire World of Aetna, Inc., Lakewood, Colorado, which operates six mobile home sale establishments and is in the business of developing mobile home parks. **Unionamerica, Inc., Los Angeles, California, notification of intent to acquire 100 per cent of outstanding capital stock of Western Appraisal Company, Medford, Oregon, through Marshall and Stevens, Incorporated, Los Angeles, California, a wholly-owned subsidiary of Unionamerica, Inc. * * * * * 3 10 For Exemption Pursuant to Section 4(d) of the Bank Holding Company Act of 1956 Received Beneficial Corporation, Wilmington, Delaware. Oppenheimer Industries, Inc., Kansas City, Missouri. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 7-11-72 7-14-72 7-15-72 7-14-72
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