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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2 1971 No. 29 District 1 Applications and Reports Received or Acted on During Week Ending July 17, 1971. Current Report Filed Pursuant to Section 13 of the Securities Exchange Act Received United States Trust Company, Boston, Massachusetts (June 1971) Date 7-12-71 2 Commercial Trust Company of New Jersey, Jersey City, New Jersey. (June 1971) 7-14-71 4 The Commercial Bank and Trust Company, Fostoria, Ohio. (June 1971) 7-12-71 7 Harris Trust and Savings Bank, Chicago, Illinois (June 1971) 7-12-71 12 Union Bank, Los Angeles, California * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Received The Southern Ohio Bank, Cincinnati, Ohio Approved Cheyenne Western Bank, Ashland, Montana * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received The Schenectady Trust Company, Schenectady, New York, New York. Branch at 3461 State Street Town of Niskayuana, Schenectady County, New York. (Originally reported as branch of Peoples Trust of New Jersey, Hackensaclt, New Jersey. The Bank of New Jersey, Camden, New jersey. Branch office on the easterly side of Delsea Drive, South of Heston Road, in the borough of Glassboro, Gloucester County. The Union Savings & Trust Co., Warren, Ohio. Branch at the southeast corner of Elm Road and Gretchen Drive, Rowland Township, Trumbull County. H*2 No. 29 -2Received (Cont'd) Union Bank, Los Angeles, California. Branch in vicinity of southwest corner of Century Boulevard and La Cienega Boulevard, Los Angeles. 12 12 Bank of Idaho, Boise, Idaho., Branch in or adjacent to or near Family Shopping Center, Yellowstone and Seventh, Pocatello, Boise, 12 Bank of Idaho, Boise, Idaho. Branch near intersection of Overland and Main Streets, City of Burley, Cassia County. Approved *The Peoples-Merchants Trust Company, Caniton, Ohio. Branch at Holl Road and North Main Street, North Canton, Stark County. 4 * * * * * To Carry Reduced Reserves Pursuant to Section 19 of the Federal Reserve Act Received The Vallage National Bank, Houston, Texas. 11 11 Fidelity Bank National Association , Houston, Texas, * * * * * To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Received Security Pacific National Bank, Los Angeles, California, Branch in Tokyo, Japan. 12 12 Security Pacific National Bank, Los Angeles, California. Branch in Frankurt am Main Federal Republic of Germany. * * * * * * Application approved by Reserve Bank on behalf of the Board of Governors under delegated authority. -3- H.2 No. 29 Thirty Day Notice of Intention to EstaMish An Additional Branch in a Foreign County Received First National City Bank, New York, New York. Branch in Nassau, Bahamas. Vc * * V? * 2 4 To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Received The Citizens Central Bank, Arcade, New York, for prior approval to merge Bank of Elba, Elba, New York, under the charter and title of the former. The Perry County Bank, New Lexington, Ohio, for prior approval to acquire The Peoples Bank, Thornville, Ohio, under the charter and title of the latter. i< * 7 9 10 11 in it * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received The Grand Banks Corporation, Milwaukee, Wisconsin, for prior approval to acquire the voting shares of Bank of North Lake, North Lake, Wisconsin. Northern Michigan Corporation, Excambia, Michigan, for prior approval to acquire the voting shares of Northern Michigan National Bank, Excambia, Michigan. Midland Investment Corporation, Casper, Wyoming, for prior approval to acquire the voting shares of Hilltop National Bank, Casper, Wyoming, Approved First Bancorp, Inc., Corsicana, Texas, for prior approval to acquire the successor by merger to The First National Bank of Corsicana, Corsicana, Texas. Approved (Cont'd) Continental Bancor, Inc., Phoenix, Arizona, for prior approval to acquire 69 per cent or more of the voting shares of Continental Bank, Phoenix, Arizona, Reactivated On H.2 No. 6 for the week ended February 6, 1.971, the Board reported receipt of an application from Central & State National Corporation of Alabama, Birmingham, Alabama, for prior approval to become a bank holding company. This application was placed in suspense following receipt of a Department of Justice letter to the Board dated 6-30-71. The application has now been reactivated. Ve Vr V? * -k To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received The Central Bancorporation, Inc., Cincinnati, Ohio, for prior approval to acquire the voting shares of The Home Banking Company, Saint liarys, Ohio. Fidelity American Bankshares, Inc., Lynchburg, Virginia, for prior approval to acquire the voting shares of Metompkin Bank and Trust Company, Parksley, Virginia. Fidelity American Bankshares, Inc., Lynchburg, Virginia, for prior approval to acquire the voting shares of The Culpeper National Bank, Culpeper, Virginia. Fidelity American Bankshares, Inc., Lynchburg, Virginia, for prior approval to acquire the voting shares of Peoples Bank of Gretna, Gretna, Virginia. Banks of Iowa, Inc., Cedar Rapids, Iowa, for prior approval to acquire the voting shares of Valley Bank and Trust Company, Des iioines, Iowa. First Security National Corporation, Beaumont, Texas, for prior approval to acquire the voting shares of Gateway National Bank of Beaumont, Beaumont, Texas. -5- H.2 No. 29 Approved T G Bancshares Co., St, Louis, Missouri* for prior approval to acquire an additional 53,6 per cent or more of the voting shares of Bank of House Springs, House Springs, Missouri. United Virginia Banlcshares Incorporated, Richmond, Virginia, for prior approval to acquire 30 per cent or more of the voting shares of the successor by merger to Security National Bank of Roanoke, Roanoke, Virginia, Vc 7 ic Vr V»- V: To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received First Chicago Corporation, Chicago, Illinois, notification of intent to engage in a de novo activity (leasing personal property and equipment, or acting as agent, broker, or advisor in leasing of such property) through a subsidiary known as First Chicago Leasing Corporation, Chicago, Illinois. 7-15-71 10 Commerce Bancshares, Inc., Kansas City, Missouri notification of intent to engage in a de novo activity (providing management and investment services to companies engaged in making real estate investments through a non-related corporation) through a subsidiary known as Commerce Management Services, Inc. 12 BankAmerica Corporation, San Francisco, California 7-14-71 notification of intent to engage in a de novo activity (1) serve as the investment advisor to BankAmerica Realty Investors, a real estate investment trust credited under the laws of California, (2) to advise BankAmerica and its affiliates with respect to real estate investment, and (3) to establish and sell limited partnership interest in real estate syndicate and to provide investment advice and management for such syndications as the general partner thereof, through a subsidiary known as BankAmerica Realty Services Inc., San Francisco. -6- H.2 No, 29 1 To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Ccppfthy Act of 1956 Received Family Finance Corporation, Wilmington, Delaware, notification of intent to acquire shares of Suburban Consumer Discount Co* , Broolchaven, Pennsylvania; Suburban Loan Service, Inc., Chester, Pennsylvania; Suburban Loan Service, Inc., Darby, Pennsylvania, 7-12-71 1 Family Finance Corporation, Wilmington, Delaware notification of intent to acquire shares of U.S. Credit Company, Covington, Kentucky, 7—17—71 4 Shelter Resources Corporation, New York, New York notification of intent to acquire shares of Certified lianagement Consultants, Inc., Cleveland, Ohio, through a subsidiary, Bates & Springer, Inc., Cleveland, Ohio. 7~ 9-71 6 Ashland Investment Corporation, Lexington, Kentucky notification of intent to acquire shares of Kentucky Finance Co. Inc., Lexington, Kentucky. 11 ARS, Inc., Houston, Texas, notification of 7-13-71 intent to acquire shares of Waste-Pak Co., Inc., Jeffco Land Reclamation, Inc., Rick's Repair and Co., Inc., Hilltop Hauling Inc., all in Arnold, Missouri; Nelson Industrial Services, Inc., both in Sulphur, Louisiana; K & B Inc., and Howard Disposal Corp,., boh!a in Boston, Massachusetts, through its subsidiary Bvowuing-Ferris Industries, Inc., * if Vr -V Ve
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