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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1988, No. 29 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending July 16, 1988. ACTIONS TAKEN BY THE BOARD OF GOVERNORS ADVISORY COUNCILS Consumer Advisory Council. Convened, July 14, 1988. BANK HOLDING COMPANIES The Toyo Trust and Banking Company, Limited, Tokyo, Japan — to acquire Toyo Trust Company of New York, New York, New York. Approved, July 11, 1988. REGULATIONS AND POLICIES Regulation Y — informal hearing concerning the proposed rules to implement the nonbank bank provisions tinder the Competitive Equality Banking Act of 1987 (Docket R-0637). Announced, July 13, 1988. TESTIMONY AND STATEMENTS Monetary policy objectives — statement by Chairman Greenspan before Senate Committee on Banking, Housing, and Urban Affairs, July 13, 1988, and before the House Committee on Banking, Finance and Urban Affairs, July 28, 1988. Authorized, July 11, 1988. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONSi BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Minneapolis The Brookings Bank, Brookings, South Dakota — to establish a branch in Sioux Falls, South Dakota. Approved, July 11, 1988. Richmond First Community Bank, Forest, Virginia — to establish a branch at 3638 Old Forest Road, Lynchburg, Virginia. Approved, July 13, 1988. H.2 JU LY 11, PAGE 2 1988 TO JU LY 16, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Philadelphia Meridian Bank, Reading, Pennsylvania — to establish an offsite electronic facility at Super Fresh Food Markets, Inc., New Rodgers Road and Bristol Pike, Bristol, Pennsylvania. Approved, July 11, 1988. BANK HOLDING COMPANIES St. Louis Baden Bancorp, Inc., Wilmington, Delaware — to acquire Bank of New Baden, New Baden, Illinois, and to merge with Lookingglass Banc Corp., Albers, Illinois, and acquire Peoples Bank of Albers. Approved, July 15, 1988. San Francisco The Dai - Ichi Kango Bank, Limited, Tokyo, Japan — to engage de novo in loan and leasing activities through DKB Credit Corporation, New York, New York. Permitted, July 15, 1988. Boston Family Bancorp, Haverhill, Massachusetts — acquire The Family Mutual Savings Bank. Approved, July 14, 1988. Kansas City Farmers and Merchants Bancshares, Inc., Crescent, Oklahoma — to engage de novo in insurance activities. Permitted, July 14, 1988. Minneapolis First Bank System, Inc., Minneapolis, Minnesota — to engage in insurance activities through Midwestern Brokerage, Inc., d.b.a. Stock’s Insurance Services, Willmar, Minnesota. Approved, July 15, 1988. San Francisco First Interstate Bancorp, Los Angeles, California — to engage de novo in the operation of Nova Financial Services, Inc., Honolulu, Hawaii, an industrial bank. Permitted, July 16, 1988. Cleveland Fryburg Banking Company, Fryburg, Pennsylvania — acquire First United National Bank. Approved, July 11, 1988. to to H.2 JULY 11, 1988 PAGE 3 TO JULY 16, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Heartland Bancshares, Inc., Fairway, Kansas — to acquire Turner Bancshares, Inc., Kansas City, Kansas. Returned, July 15, 1988. Philadelphia Keystone Financial Inc., Harrisburg, Pennsylvania — to acquire Security National Bank, Pottstown, Pennsylvania. Approved, July 12, 1988. Chicago Lincoln Financial Corporation, Fort Wayne, Indiana — to acquire Peoples Bancshares Corporation, Van Wert, Ohio, and The Peoples Bank and Trust Company. Approved, July 12, 1988. Dallas McCamey Financial Corporation, McCamey, Texas — to acquire McCamey Bancshares, Inc., and Security State Bank. Approved, July 12, 1988. New York Montclair Bancorp, Inc., Montclair, New Jersey — acquire Montclair Savings Bank. Approved, July 13, 1988. Atlanta National City Financial Group, Inc., Coral Springs, Florida — to acquire National City Bank. Withdrawn, July 14, 1988. Chicago NBD Bancorp, Inc., Detroit, Michigan, and NBD Midwest Corporation, Detroit, Michigan — to acquire Charter Bank Group, Inc., Northfield; Bank of Glenbrook, Glenview; Bank of Northfield, Northfield; Bank of Wheaton, Wheaton; Bank of Winfield, Winfield; Charter Group Life Insurance Company, Northfield; and Charter Agency, Inc., Northfield, Illinois. Approved, July 13, 1988. Chicago Northwest Illinois Bancorp, Inc., Freeport, Illinois, and NWIB/Acquisition Corporation, Inc. — to acquire First State Financial Corporation of Rockford, Rockford, Illinois, and First State Bank and Trust Company. Approved, July 15, 1988. to H.2 JULY 11, 1988 PAGE 4 TO JULY 16, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City NSB Bancshares, Inc., LaCrosse, Kansas — The Nekoma State Bank. Approved, July 14, 1988. Atlanta Southeast Banking Corporation, Miami, Florida — to engage de novo in credit related insurance through Southeast Mortgage Corporation. Approved, July 13, 1988. to acquire BANK MERGERS Cleveland Bank One, Mansfield, Mansfield, Ohio — Bank One, Ashland, Ohio. Approved, July 13, 1988. to merge with BANK PREMISES Cleveland Wheeling Dollar Bank, Wheeling, West Virginia — investment in bank premises. Approved, July 15, 1988. BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS San Francisco Key Tronic Corporation, Spokane, Washington — transfer agent registration. Approved, July 15, 1988. San Francisco U.S. Leasing International, Inc., San Francisco, California — transfer agent registration. Withdrawn, July 15, 1988. CHANGE IN BANK CONTROL Dallas Crockett Bancshares, Inc., Crockett, Texas — in bank control. Permitted, July 11, 1988. change H.2 JULY 11, 1988 PAGE 5 TO JULY 16, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond The Bank of Man# Man# West Virginia# proposed merger with Man Interim Bank# Inc.# — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted# July 12# 1988. Kansas City Commerce Bank of Kansas City# N.A.# Kansas City# Missouri# proposed merger with Commerce Bank of Harrisonville# N.A.# Harrisonville; and Commerce Bank of Lexington# N.A.# Lexington — report to the Comptroller of the Currency on competitive factors. Submitted# July 13# 1988. Dallas Compass Bank# Houston# Houston# Texas# proposed merger with Compass Bank Houston# N.A.# and First National Bank of Crosby# Crosby# Texas — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted # July 11# 1988. Richmond Elkridge National Bank# Elkridge# Maryland# proposed merger with New Elkridge National Bank — report to the Comptroller of the Currency on competitive factors. Submitted# July 11# 1988. Dallas First City Bank - Central# Beaumont# Texas# proposed merger with First City Bank - Gateway# National Association — report to the Comptroller of the Currency on competitive factors. Submitted# July 12# 1988. Philadelphia The First National Bank of Nicholson# Nicholson# Pennsylvania# proposed merger with The Nicholson Interim National Bank — report to the Comptroller of the Currency on competitive factors. Submitted# July 13# 1988. Richmond The First National Bank of Romney# Romney# West Virginia# proposed merger with The First National Bank of Romney# Inc. — report to the Comptroller of the Currency on competitive factors. Submitted# July 11# 1988. H.2 JULY 11, 1988 PAGE 6 TO JULY 16, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago F&M Bank of Slinger, Slinger, Wisconsin, proposed merger with F&M Bank of Ashippun, Ashippun, Wisconsin — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, July 14, 1988. Atlanta Fort Rucker National Bank, Fort Rucker, Alabama, proposed merger with Interim National Bank — report to the Comptroller of the Currency on competitive factors. Submitted, July 15, 1988. Philadelphia Fulton County National Bank and Trust Company, McConnellsburg, Pennsylvania, proposed purchase of the assets and assumption of the liabilities of the Shade Gap Branch of Mellon Bank (Central). N.A., State College, Pennsylvania — report to the Comptroller of the Currency on competitive factors. Submitted, July 12, 1988. Chicago M&I Wauwatosa State Bank, Wauwatosa, Wisconsin — proposed merger with Village Bank of Elm Grove, Elm Grove, Wisconsin — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, July 12, 1988. Richmond Provident Bank of Maryland, Baltimore, Maryland, proposed merger with First Security Bank of Maryland — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, July 12, 1988. New York The Provident Savings Bank, Jersey City, New Jersey, proposed acquisition of certain assets and assumption of deposit liabilities of a branch office of the Carteret Savings Bank, FA, Morristown, New Jersey — report to the Federal Deposit Insurance Corporation on competitive factors• Submitted, July 14, 1988. H .2 JU LY 11, PAGE 7 1988 TO JU LY 16, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago The Saratoga State Bank, Saratoga, Indiana, proposed merger with Saratoga Interim Bank — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, July 14, 1988. Kansas City Union Bank and Trust Company, Lincoln, Nebraska, proposed merger with Pawnee County Bank, Pawnee City, Nebraska -- report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, July 13, 1988. EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, July 13, 1988. San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain property. Granted, July 15, 1988. St. Louis Citizens Fidelity Bank and Trust Company, Louisville, Kentucky — extension to November 1, 1988, to establish a branch at 1021 Hurstbourne Lane, Louisville, Kentucky. Granted, July 12, 1988. Richmond ENB Financial Corporation, Elkridge, Maryland — extension to October 27, 1988, to acquire Elkridge National Bank. Granted, July 14, 1988. San Francisco First Interstate Bancorp, Los Angeles, California ~~ extension to divest certain property. Granted, July 14, 1988. Chicago Hi “ Bancorp, Highwood, Illinois — extension to October 24, 1988, to acquire GNP Bancorp, Inc., Mundelein, Illinois, and New Century Bank. Granted, July 11, 1988. H.2 JU LY 11, PAGE 8 1988 TO JU LY 16, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE Minneapolis McLeod Bancshares, Inc., Hutchinson, Minnesota — extension to October 6, 1988, to acquire Exchange State Bank, St. Paul, Minnesota. Granted, July 12, 1988. St. Louis National Bank of Commerce of Mississippi, Starkville, Mississippi — extension to October 30, 1988, to form NBC Service Corporation. Granted, July 12, 1988. Richmond NCNB Corporation, Charlotte, North Carolina — extension to October 18, 1988, to acquire Charter Bancshares, Inc., Houston, Texas. Granted, July 13, 1988. Richmond Sovran Financial Corporation, Norfolk, Virginia — extension to October 15; 1988, to engage in certain investment advisory services through Sovran Investment Corporation, Richmond, Virginia. Granted, July 12, 1988. Atlanta SunBanks, Inc., Orlando, Florida, and SunTrust Banks, Inc., Atlanta, Georgia — extension to October 20, 1988, to acquire Peoples Bank of Lakeland, Lakeland, Flor ida. Granted, July 14, 1988. Atlanta SunTrust Banks, Inc., Atlanta, Georgia, and Sun Banks, Inc., Orlando, Florida — extension to October 20, 1988, to acquire Florida West Coast Banks, Inc., Venice, Florida. Granted, July 13, 1988. New York United States Trust Company of New York, New York — extension to August 7, 1989, to establish a branch at 120 West 47th Street. Granted, July 15, 1988. Atlanta Washington Bancorporation, Washington, D.C., and National Bank of Washington — extension to divest certain holdings. Granted, July 12, 1988. H.2 JULY 11, 1988 PAGE 9 TO JULY 16, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago Waymar Bancorporation# Spirit Lake# Iowa — extension to September 5# 1988# to acquire First Bank and Trust. Granted# July 13# 1988. Cleveland Wesbanco# Inc.# Wheeling# West Virginia — extension to October 13# 1988# to acquire Mountail State Bank# Parkersburg# West Virginia. Granted# July 13# 1988. Dallas Wheeler Bancshares# Inc.# Wheeler# Texas — extension to October 10# 1988# to acquire First National Bank in Wheeler. Granted# July 13# 1988. INTERNATIONAL OPERATIONS Staff Director BS&R Citicorp# New York# New York — to make an additional investment in Citicorp Scrimgeour Vickers International Limited# London# England. Permitted# July 14# 1988. Atlanta Commerce & Savings Bank# Palm Beach Gardens# Florida — application to become a member of the Federal Reserve System. Withdrawn# July 11# 1988. Atlanta Peoples Bank of Sumter# Bushnell# Florida — application to become a member of the Federal Reserve System. Withdrawn# July 13# 1988. MEMBERSHIP REGULATIONS AND POLICIES Secretary Check collection — extension of the comment period through December 1# 1988# regarding proposed same-day payment for checks presented to paying banks by private sector collection banks (Docket R-0631. Granted# July 15# 1988. H.2 JULY 11, 1988 PAGE 10 TO JULY 16, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY REGULATIONS AND POLICIES Director, C&CA Regulation B — determination of the consistency of certain provisions of the Family Code of New York to the Equal Credit Opportunity Act (Docket R-0642). Proposed, July 11, 1988. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Cleveland — additional expenses to meet the requirements of the Expedited Funds Availability Act. Approved, July 15, 1988. General Counsel Federal Reserve Bank of New York — to act as fiscal agent for a proposed issue of securities (COLTS) Ly the International Bank for Reconstruction and Development• Approved, July 11, 1988. ADDITIONS AND CORRECTIONS H.2 JULY 11, 1988 PAGE 11 TO JULY 16, 1988 ACTIONS TAKEN BY THE BOARD OF GOVERNORS RESERVE BANK OPERATIONS Federal Reserve Bank of New York — office automation equipment. Approved, June 22, 1988. to purchase ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco Idaho State Bank, Glenns Ferry, Idaho — extension to August 28, 1989, to establish a branch near 495 North 3rd East, Mountain Home, Idaho. Granted, July 5, 1988. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Fleet/Norstar Financial Group, Inc., Providence, Rhode Island 3(a)(3) application to acquire Fleet Bank of New Hampshire, Nashua, New Hampshire, a de novo bank** Newspaper Fleet/Norstar Financial Group, Inc., Providence, Rhode Island - 3(a)(3) application to retain Fleet/Norstar New York, Inc., Providence, Rhode Island** Newspaper Fleet/Norstar New York, Inc., Providence, Rhode Island 3(a)(1)/4(c)(8) application to retain Norstar Bank of Upstate New York, Albany, New York; Norstar Bank, N.A., Buffalo, New York; Norstar Bank of Central New York, Syracuse, New York; LI Holding Company, Hempstead, New York and thirteen nonbank subsidiaries** Newspaper Cenvest, Inc., Meriden, Connecticut - 3(a)(3) application to acquire Meriden Trust and Safe Deposit Company, Meriden, Connecticut** Newspaper 06-30-88 07-07-88 Federal Register 08-04-88 **Subject to CRA Federal Register Federal Register Federal Register 07-07-88 Not Yet Established 07-29-88 Not Yet Established 07-29-88 Not Yet Established FEDERAL RESERVE BANK OF BOSTON APPLICATIONS (Cont'd) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Carment Period Ending Date Application Fleet/Norstar Financial Group, Inc., Providence, Rhode Island 4(c)(8) application to engage in underwriting and dealing in certain securities through Adams, McEntee & Co., Inc. Federal Register Not Yet Established Wainwright Capital Corp., Boston, Massachusetts - 4(c) (8) application to retain ownership of at least 83.3% of the voting shares of Intemation Heritage Corp., Boston, Massachusetts Federal Register Not Yet Established First NH Banks, Inc., Manchester, Federal Register New Hampshire - 4(c)(8) application to acquire EG&G Financial Services, Inc., Wellesley, Massachusetts, a leasing company Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER O R 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__________ Manufacturers Hanover Trust Company, New York, New York to establish a branch at One Pierreport Plaza, Brooklyn, New York.l/ 8/15/88 SECTION II Applications Subject to Both Newspaper and Federal Register Notice ONB Corporation, Clifton Springs, New York to become a bank holding company with respect to The Ontario National Bank of Clifton Springs, Clifton Springs, New York.l/ 8/4/88 2/ Public Bank Holding Company, Inc., New York, New York to become a bank holding company with respect to The First Women's Bank, New York, New York.l/ 7/29/88 2/ Community Bank System, Inc., Dewitt, New York to merge with ComuniCorp, Inc., Addison, New York and thereby to acquire Community National Bank, Addison, New York.l/ 8/1/88 2/ SECTION III Nonbariking Applications (Subject to Federal Register Notice Only) Texas Commerce Bancshares, Inc., Houston, Texas to engage de novo through its subsidiary, Texas Commerce Information Services, Inc., in permissible data processing activities. 7/29/88 Westpac Banking Corporation, Sydney, Australia to engage de novo through its subsidiary, Mase Westpac, Inc., in permissible commercial lending activities. 7/26/88 SECTION IV Applications Not Involving ________ Public Comment________ None. 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 BANKOF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date The Coastal Bank. Ocean City, New Jersey to become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. 8/8/88 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 Ten Independence Mall, Philadelphia, PA 19106,(215) 574-6000 Cleveland Reserve Bank Applications F o r W e e k E n d i n g J u l y 16, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE S E C T I O N II - A P P L I C A T I O N S SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION R e c e i v e d S e c t i o n 3(a)(3) a p p l i c a t i o n f r o m K e n t u c k y B a n c s h a r e s , Inc., C o v i n g t o n , K e n t u c k y , to acquire The F i r s t Na t i o n a l Bank of Georgetown, Georgetown, Kentucky. COMMENT PERIOD ENDING * N - August R e c e i v e d N o t i c e o f C h a n g e in B a n k C o n t r o l f r o m N - August A l a n S. F e l l h e i m e r a n d J u d i t h E. F e l l h e i m e r , S e w i c k l e y H e i g h t s , P e n n s y l v a n i a ; C l a i r e W. G a r g a l l i , Pittsburgh, Pennsylvania; Henry Posner, Pittsburgh, P e n n s y l v a n i a ; D a v i d A. G r a d n e r , N e w Yo r k , N e w York; J a m e s H. M c L a u g h l i n , P i t t s b u r g h , P e n n s y l v a n i a ; C h a r l e s G. C h e l e d e n , H o r s h a m , P e n n s y l v a n i a ; G e o r g e F. E i c h l e a y , P i t t s b u r g h , P e n n s y l v a n i a ; D a v i d J. E a s t , P i t t s b u r g h , P e n n s y l v a n i a ; S. R a y m o n d R a c k o f f , P i t t s b u r g h , P e n n s y l v a n i a ; J u d i t h E. Y a n k o v i c , R o b i n s o n T o w n s h i p , P e n n s y l v a n i a ; H o w a r d W. H a n n a , III, P i t t s b u r g h , P e n n s y l v a n i a ; J. B r u c e J o h n s t o n , M c M u r r a y , P e n n s y l v a n i a ; W i l l i a m F. J o n e s , Jr., W e x f o r d , P e n n s y l v a n i a ; Patricia A. Muldoon, Pittsburgh, Pennsylvania; J a m e s M. M u r p h y , B e t h e l Park, P e n n s y l v a n i a ; D e n n i s F. K e n n e d y , S e w i c k l e y , P e n n s y l v a n i a ; R o b e r t C. P a y m e n t , B u t l e r , P e n n s y l v a n i a ; Dennis Pitocco, Pittsburgh, Pennsylvania; Emerson M. Wickwire, Sewickley, Pennsylvania; J a m e s M. M u r p h y , B e t h e l Park, P e n n s y l v a n i a ; a n d N i c h o l a s J. Z e n n a r i o , W e x f o r d , P e n n s y l v a n i a , o f t h e i r i n t e n t i o n to c o n t r o l c o l l e c t i v e l y u p to 25 . 0 p e r c e n t o f t h e v o t i n g s e c u r i t i e s o f E q u i m a r k Corporation, Pittsburgh, Pennsylvania. 8, 1988 22, 1988 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE S E C T I O N IV - A P P L I C A T I O N S N O T SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE R e c e i v e d r e q u e s t f r o m W h e e l i n g D o l l a r Bank, W h e e l i n g , W e s t V i r g i n i a , for p e r m i s s i o n to e x c e e d its l i m i t o f i n v e s t m e n t in b a n k p r e m i s e s p e r m i t t e d u n d e r S e c t i o n 24 A of the F e d e r a l R e s e r v e Act. S u b j e c t to C R A Newspaper Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Bank of the Potomac, Herndon, Virginia, for membership in the Federal Reserve System. 8-5-88 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date RHNB Corporation, Rock Hill, South Carolina, for prior approval to acquire 100% of the voting shares of MetroBank, N. A., Charlotte, North Carolina. City Holding Company, Charleston, West Virginia, for prior approval to acquire Bank of Ripley, Ripley, West Virginia. 8-5-88* 8-10-88 The above applications are subject to the Community Reinvestment Act. 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 ^Expiration of comment period specified in the Federal Register. July 18, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Financial Services Bancorp, Inc. 07-29-88 Miami, Florida Federal Register 1-BHC formation, Eagle National Holding Canpany, Miami, Florida. First Sterling Bancshares, Inc. Winter Haven, Florida To acquire First Sterling Bank of Osceola County, Kissimmee, Florida (in organization). University National Bankshares, Inc. 07-29-88 Orlando, Florida Federal Register 1-BHC formation, University National Bank, Orlando, Florida (in organization). Ccmrnex Financial Corporation 08-01-88 Kennesaw, Georgia Newspaper 1-BHC formation, Commercial Exchange Bank, Kennesaw, Georgia. Dahlonega Bancorp, Inc. 07-29-88 Dahlonega, Georgia Federal Register & Newspaper To acquire First National Bank of Polk County, Copperhill, Tennessee. Anglo-American Bancshares Corporation Baton Rouge, Louisiana Joint with Walbrook Financial Holdings B.V., Amsterdam, Holland, to become bank holding companies by acquiring Baton Rouge Bank and Trust Company, Baton Rouge, Louisiana. Forest BanCorp 07-29-88 Forest, Mississippi Federal Register & Newspaper To acquire 20 percent of Metropolitan Corporation, Biloxi, Mississippi. Section III - Applications Subject to Federal Register Notice Only Application Ccmnent Period Ending SouthTrust of Florida, Inc. 08-10-88 St. Petersburg, Florida Joint with SouthTrust Corporation, Birmingham, Alabama, to engage de n o w in trust company activities through SouthTrust Estate and Trust Company, South Pasadena, Florida, pursuant to section 225.25(b) (3) of Regulation Y. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspape Notice Only Comment Period Ending Date Type Application Merger First of America Bank-Ann Arbor Ann Arbor, Michigan The State Savings Bank of South Lyon South Lyon, Michigan 8- 10- 88* EFT Old Kent Bank - Southwest Niles, Michigan 715 Ship Street St. Joseph, Michigan 8-5-88* Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date CoC-HC 7-29-88** Morningside Development Company Sioux City, Iowa J. Sid Dinsdale; Ray Dinsdale; Lyn Barclay & Thomas Coding Morningside Bank and Trust Sioux City, Iowa Y-l Central West Bancorp Casey, Iowa Security State Bank Casey, Iowa 7- 15-88** Y-l Jay Financial Corporation Portland, Indiana The First National Bank of Portland Portland, Indiana 8- 4 -88 ** Y-2 Edgewood Bancshares, Inc. Countryside, Illinois EdgeMark Financial Corporation Countryside, Illinois EdgeMark Bank-Lombard Lombard, Illinois Cosmopolitan Financial Services, Inc. Countryside, Illinois First National Bank of Lockport Lockport, Illinois Merchandise National Bank of Chicago Chicago, Illinois EdgeMark Bank-Rosemont Rosemont, Illinois 7-22-88** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-l Mechanicsville Trust & Savings Bank, Trustee of The Mechanicsville Trust and Savings Bank Employee Stock Ownership Plan & Trust Mechanicsville, Iowa Mechanicsville Bancshares, Inc. Mechanicsville, Iowa 7-29-88** Y-2 Merchants National Corporation Indianapolis, Indiana BSB Bancorp Batesville, Indiana Batesville State Bank Batesville, Indiana 7-29-88** Y-2 First Merchants Corporation Muncie, Indiana Pendleton Banking Company Pendleton, Indiana 7-15-88* 7-28-88** Y-2 Illini Community Bancorp, Inc. Springfield, Illinois SBV Bancshares, Inc. Virden, Illinois State Bank of Virden Virden, Illinois 7-29-88** Y-2 Iroquois Bancorp, Inc. Gilman, Illinois Terrapin Bancorp, Inc. Elizabeth, Illinois The Elizabeth State Bank Elizabeth, Illinois 7-29-88** Y-2 Peotone Bancorp, Inc. Peotone, Illinois Terrapin Bancorp, Inc. Elizabeth, Illinois The Elizabeth State Bank Elizabeth, Illinois 7-29-88** Y-2 Terrapin Bancorp, Inc. Gilman, Illinois The Elizabeth State Bank Elizabeth, Illinois 7-29-88** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Application Sullivan Bancshares, Incorporated Sullivan, Illinois The First National Bank of Sullivan Sullivan, Illinois Comment Period Ending Pate 6-13-88* Valley Bancorporation Appleton, Wisconsin Colonial Bank Theinsville, Wisconsin Colonial National Bank-Port Washington Port Washington, Wisconsin Colonial Bank-Richfield Richfield, Wisconsin Not available at this time F.W.S.B. Corporation Milwaukee, Wisconsin Metropolitan Bank Group, Inc. Bloomington, Minnesota MetroBank Bloomington, Minnesota Not available at this time First Wisconsin Corporation Milwaukee, Wisconsin Metropolitan Bank Group, Inc. Bloomington, Minnesota MetroBank Bloomington, Minnesota Not available at this time P.T.C. Bancorp Brookville, Indiana Bank of Versailles Versailles, Indiana Not available Presidential Holdings, Inc. Bourbonnais, Illinois Bank of Bourbonnais Bourbonnais, Illinois Not available at this time Athens Bancorp., Inc. Athens, Wisconsin Junction State Bank Junction City, Wisconsin 8- 1- 88* Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Type Application CoC-HC Madison Financial Corporation Chicago, Illinois A. Andrew & Flora, Andrew A. & Pam Boemi, Edwin C. & Marcia Buchanan Comment Period Ending Date Not available at this time Madison Park and Trust Company Chicago, Illinois Madison National Bank of Niles Des Plaines, Illinois 1st National Bank of Wheeling Wheeling, Illinois Type Section III - Applications Subject to Federal Register Notice Only Comment Period Application Ending Date 4(c)(8) First Wisconsin Corporation Milwaukee, Wisconsin First Wisconsin Asset Management, Inc. Milwaukee, Wisconsin - Act as investment advisor 8-4-88** 4(c)(8) First Sioux Bancshares, Ltd. Sioux City, Iowa First Sioux Insurance Company Sioux Center, Iowa 8-4-88** 4(c)(8) First Wisconsin Corporation Milwaukee, Wisconsin Illinois Trust Company Milwaukee, Wisconsin 7-22-88** Y-4 Michigan National Corporation Farmington Hills, Michigan Second Commercial Fund, Inc. Bala Cynwyd, Pennsylvania 7-29-88** Y-4 Alta Vista Bancshares, Inc. Alta Vista, Iowa Alta Vista Insurance and Services Corporation Alta Vista, Iowa 7-27-88** Y-4 First Decatur Bancshares, Inc. Decatur, Illinois First Tech, Inc. Decatur, Illinois Not available at this time Federal Reserve Bank of Chicago Tvne Section IV - Applications Hot Subject to Federal Register Notice Or Newspaper Notice Comment Period Ending. Date Application None ♦Newspaper ♦♦Federal Register H/A - 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 * Section 3(a)(3) application by Peoples Investment Corporation, Cuba, Missouri, to acquire Peoples Bank of Steelville, Steelville, Missouri, a de novo non-member bank. (Newspaper 8-10-88) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application* None. *This application is subject to CRA FEDERAL RESERVE BARK 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 Comment Period Ending Date Application Town & Country Bancorporation, Inc. Newport, MN To acquire Roseville Bancorp, Inc., Roseville, Minnesota, which controls 100Z of Mid America Bank, N.A., Rose ville, Minnesota.* Clarkfield Bancshares, Inc. Clarkfield, MN To acquire Fergus Falls Bancshares, Inc., Fergus Falls, MN which owns Security State Bank, Fergus Falls, Minnesota.* Monycor Bancshares, Inc. Superior, WI To acquire Monycor Bank of Superior Superior, WI* Thomas J. Sexton, Dennis J. Zaun, Gary B. Davis and James H. Lehr To acquire control of 100Z of the voting shares of Yellow Medicine Bancshares, Inc., Granite Falls, MN. 8-5-88 (Federal Register) 8 10-88 - (Federal Register) 8 10-88 - (Federal Register) 8-5-88 (Federal Register) Section III - Applications Subject to Federal Register Notice Only Application Norwest Corporation Minneapolis, MN To engage in operating a general insurance agency through the ac quisition of Underwriting Specialists, Norfolk, Nebraska.* * Subject to CRA Comment Period Ending Date Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Yellow Medicine Bancshares, Inc. Granite Falls, VI To redeem 718 of its 1,378 shares of common stock outstanding. SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY COMMENT PERIOD ENDING DATE APPLICATION None. SECTION -II.,r APPLICATIONS. SUBJECT TO BOTH NEWSPAPER.ANP FEPEBAL REGISTER NOTICE COMMENT PERIOD ENDING PATE Anraer C o r p o r a t i o n , Nel i g h , N e b r a s k a , for p r i o r a p p r o v a l to a c q u i r e 6 4 . 0 7 p e r c e n t of the v o t i n g shares of S c h u y l e r S t a t e Ba n k and Trust Company, Schuyler, Nebraska.* Not Available L a n c a s t e r B a n c o r p o r a t i o n , Lincoln, N e b r a s k a , for p r i o r a p p r o v a l to become a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of 99.5 p e r c e n t of th e v o t i n g s h a r e s of L a n c a s t e r C o u n t y B a n k , Waverly, Nebraska.* No t A v a i l a b l e R u s s e l l Moore, A l b u q u e r q u e , New Mexico, f o r p r i o r a p p r o v a l to a c q u i r e 42 p e r c e n t of the v o t i n g s h ares of N e w M e x i c o B a n q u e s t I n v e s t o r s C o r p o r a t i o n , Santa Fe, New Mexico, as trustee. No t A v a i l a b l e F i r s t B a n k H o l d i n g C o m p a n y of Colorado Employee Stock Ownership Plan, L a k e w o o d , C o l o r a d o , for prior a p p r o v a l to i n c r e a s e its p r o p o r t i o n a t e o w n e r s h i p of F i r s t B a n k H o l d i n g C o m p a n y of C o l o r a d o , L a k e w o o d , Colorado, up to 24.9 p e r c e n t . J u l y 26, 1988 F i r s t B a n k H o l d i n g C o m p a n y of C o l o r a d o , L a k e w o o d , Colorado , for prior a p p r o v a l to a c q u i r e 100 p e r c e n t of t he v o t i n g s hares e a c h of F i r s t B a n k of G r e e n Mountain, N.A., L a k e w o o d , C o l o r a d o , and FirstBank at Arapahoe/Holly, Arapahoe County, Colorado, proposed d§ n o v o b a n k s . * J u l y 26, 1988 C.N. H o f f m a n , Jr., T o m Lillard, Jr., an d C. L. Cl a r k Tr u s t e e s , Salina, Kansas, for prior ap p r o v a l to i n c r e a s e t h e i r p r o p o r t i o n a t e o w n e r s h i p of N B A B a n k s h a r e s , Inc., Salina, Kansas, by 7.82 p e r c e n t to 3 0 . 0 6 percent. July 26, 1988 B B O K B a n c s h a r e s , Inc., W i chita, Kansas, for pr i o r a p p r o v a l to b e c o m e a ba n k h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of B a n k e r s ' B a n k of Kansas, N.A., W i c h i t a , Kansas, a de no v o b a n k . * J u l y 29, 1988 S t e a m b o a t S p r i n g s H o l d i n g Company, S t e a m b o a t Springs, Colorado, for p r i o r a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 10 0 p e r c e n t of the v o t i n g s h a r e s of Fi r s t N a t i o n a l B a n k of S t e a m b o a t Springs, S t e a m b o a t Springs, C o l o r a d o . * J u l y 29, 1988 T h e W e l d S t a t e Company, Ft. Lupton, C o l o r ado, for p r i o r a p p r o v a l to a c q u i r e 1 00 p e r c e n t of the v o t i n g s h a r e s of C e n t r a l B a n k of Craig, N . A . , Craig, C o l o r a d o . * July 28, 1988 A N B B a n k c o r p , I n c . , Bristow, O k l a h o m a , for p r i o r a p p r o v a l to a c q u i r e 10 0 p e r c e n t of the v o t i n g s h a r e s of C i t i z e n s Bank, N.A., Sa p u l pa, O k l a h o m a . * July 29, 1988 H e n r y Croak, M i d w e s t City, O k l a h o m a , for a p p r o v a l to inc 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 of F i r s t M i d w e s t Banco r p , Inc., M i d w e s t City, O klahoma, by 2.01 p e r c e n t to 24.64 percent. July 21, 1988 F i r s t B a n c o r p o r a t i o n of H o l d e n v i l l e , Inc., H o l d e n v i l l e , O k l a h o m a , for prior a p p r o v a l to a c q u i r e 80 p e r c e n t of the v o t i n g s h a r e s of A l l i a n c e Bank, N . A . , O k l a h o m a City, -Oklahoma.* July 27, 1388 C l i f t o n B a n c s h a r e s , Inc., Wamego, Kan s a s , for p r i o r a p p r o v a l to b e c o m e a b a n k h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of 98.6 p e r c e n t of the v o t i n g shares of F i r s t N a t i o n a l Bank, Clifton, Kansas.* August 4, 1 9 8 8 L e x i n g t o n B a n c s h a r e s , Inc., L e x i n g t o n , N e b r a s k a , for a pproval to r e t a i n 5 3 . 4 4 p e r c e n t of the v o t i n g s h a r e s of S e v e n V Banco, Inc., C a l l a w a y , N e b r a s k a . * August 4, 1 9 8 8 T r i - C o u n t y B a n c s h a r e s , Inc., Linn, Kan s a s , f o r p r i o r appro v a l to become a bank hold i n g company t h r o u g h t h e a c q u i s i t i o n of 94.4 p e r c e n t of th e v o t i n g shares of The L i n n S t a t e Bank, Linn, K a n s a s . * August 4, 1 9 8 8 Ed D u g g a n , W i n d s o r , Colorado, for p r i o r a p p r o v a l to a c q u i r e 7.7 p e r c e n t of the v o t i n g s hares of W i n d s o r B a n c o r p o r a t i o n , Inc., Windsor, Colorado. J u l y 21, 1988 SECTION III - APPLICATIONS. SqBJECT. T Q ,FEDERAL REGISTER NOTICE ONLY COMMENT PERIOD ENDING R e g e n c y B a n c o r p o r a t i o n , Pueblo, C o l o r a d o , for p r i o r approval to e n g a g e in the sale of credit life and h e a l t h a n d a c c i d e n t insurance. No t A v a i l a b l e U n i t e d C o m m u n i t y Corporation, O k l a h o m a City, Oklahoma, for prior a p p r o v a l to e n g a g e d§ no v o in p r o v i d i n g t a x c o n s u l t i n g an d tax p r e p a r a t i o n s e r vices. J u l y 29, 1988 DATE sgmQH. re. -..&ggM<&g£QBS.jg L § B i& ^ QB. NEWSPAPER NOTICE APPLICATION N o ne. ♦ 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 88/07/11 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)(3) application by BFW Financial Corporation, Burleson, Texas to acquire Alvord Financial Corporation, Alvord, Texas The Alvord National Bank in Alvord, Alvord, Texas 88/08/11 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Section 4(c)(8) application by Firstshares of Texas, Inc., Marshall, Texas to acquire The First National Company of Marshall, Marshall, Texas (to continue to engage in the activity of making, acquiring, and/or servicing loans) NOTICE EXP 88/07/29 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 7/15/88 Section I - Applications Subject to Newspaper Notice Only A p d Iication Comment Period Ending Date Guardian State Bank, Salt Lake City, Utah, to establish a branch in the vicinity of 140 West 9000 South, , Sandy, Utah. * Newspaper: 8/12/88 Section II - Applications Subject to Both Newspaper and Federal Register Notice Donald Barton to increase his ownership from 9.96 percent to 20.06 percent of Bank of Ephraim, Ephraim, Utah. Newspaper: Not available Fed. Reo.: 7/21/88 Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER