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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H. 2 1970 - No. 29 Applications and Reports Received or Acted on During the Week Ended July 13, 1970. District To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Approved Monroe County Bank, Sweetwater, Tennessee. V? Vc "k Vc Vc To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received The Colonial Bank and Trust Company, Waterbury, Connecticut. Branch on the westerly side of Route #7 immediately south of the White Turkey Inn, Brookfield. The Fidelity Bank, Rosemont, Pennsylvania. Branch at 400 East Lincoln Highway, Coatesville, Chester County. The First Pennsylvania Banking and Trust Company, Philadelphia, Pennsylvania. Branch at 54-24 Caster Avenue, Philadelphia. The Peoples Savings Bank, Van Wert, Ohio. Branch at the northeast corner of US Route 127 and Hospital Drive (RFD No. 5), Van Wert. Wyandotte Savings Bank, Wyandotte, Michigan. Branch on west side of Haggerty Road, north of 1-94, Van Buren Township, Wayne County. Approved *The Connecticut Bank and Trust Company, Hart ford, Connecticut. Branch in the North College Building of Wesleyan University on High Street, Middletown. Application approved by Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 No. 29 Approved *Union County Trust Company, Elizabeth, New Jersey. Branches at the following locations: A. On the southwest corner of the intersection of Westview Avenue and South Street, Borough of New Providence, Union County; and B. At 274-276 Somerset Street, Borough of North Plainfield, Somerset County. ^Merchants and Farmers Bank, Portsmouth, Virginia. Branches at the following locations: A. In the Triangle Shopping Center, George Washington Highway and Victory Boulevard, Portsmouth; and B. At 3928 Portsmouth Boulevard, Chesapeake. "The Old State Bank of Fremont, Fremont, Michigan. Branch (auto bank) at 18, 20, and 22 South Division, Fremont. ^Citizens Fidelity Bank and Trust Company, Louisville, Kentucky. Branches (two) in the Oxmoor Shopping Center on Shelbyville Road, east of the Watterson Expressway, Jefferson County. Vc "k V? V; * To Carry Reduced Reserves Pursuant to Section 19 of the Federal Reserve Act Approved Metropolitan National Bank, Little Rock, Arkansas. 8 11 Madison-Southern National Bank, Houston, Texas. 11 Pan American National Bank, Houston, Texas. * Application approved by Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 No. 29 2 11 7 -3To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Received First National City Bank, New York, New York. Branch in Doha, Sheikdom of Qatar. Houston National Bank, Houston, Texas. Branch in Nassau, Bahamas. Approved The First National Bank of Chicago, Chicago, Illinois. Branch in Athens, Greece. 'V * Vc k 1 Thirty Day Notice of Intention to Establish An Additional Branch in a Foreign County Received The First National Bank of Boston, Boston, Massachusetts. Branch (limited teller facility) at Rua Estados Unidos 1390, Sao Paulo, Brazil. * 6 7 k k V,' k k To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act Received The First National Bank of Atlanta, Atlanta, Georgia, to organize a corporation under Section 25(a) of the Federal Reserve Act to be known as First Atlanta International Corporation, Atlanta, Georgia. The Indiana National Bank, Indianapolis, Indiana, to organize a corporation under Section 25(a) of the Federal Reserve Act to be known as Indiana National Overseas Corp., Indianapolis, Indiana. k k • H.2 No. 29 7 e -4- To Merge Pursuant to Section 10(c) of the Federal Deposit Insurance Act Received American Bank and Trust Company, Lansing, Michigan, to merge The National Bank of Eaton Rapids, Eaton Rapids, Michigan, under the charter and title of American Bank and Trust Company. * V? V? * 4 6 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Northwest Ohio Bankshares, Inc., Toledo, Ohio, for prior approval to become a bank holding company through the acquisition of 80 per cent or more of the voting shares of The Toledo Trust Company, Toledo; and The First National Bank of Findlay, Findlay, both in Ohio. Combanks Corporation, Winter Park, Florida, for prior approval to become a bank holding company through the acquisition of 51 per cent or more of the voting shares of South Seminole Bank, Fern Park; and The Commercial Bank at Apopka, Apopka, both in Florida. First Union, Incorporated, St. Louis, Missouri, for prior approval to become a bank holding company through the acquisition of 11,900 of the voting shares of Vandalia State Bank, Vandalia, Missouri. First New Mexico Bankshares Corporation, Albuquerque, New Mexico, for prior approval to become a bank holding company through the acquisition of 100 per cent (less directors' qualifying shares) of First National Bank of Rio Arriba, Espanola; The Merchants Bank, Gallup; First National Bank in Raton, Raton; and Security National Bank of Roswell, Roswell, all in New Mexico. To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1955 Received First National Charter Corporation, Kansas City, Missouri, for prior approval to acquire CO per cent or more of the voting shares of National Bank of Boonville, Boonville, Missouri. Approved Fidelity American Bankshares, Inc., Lynchburg, Virginia, for prior approval to acquire 00 per cent or more of the voting shares of The Buchanan National Bank, Buchanan, Virginia. Fidelity American Bankshares, Inc., Lynchburg, Virginia, for prior approval to acquire 80 per cent or more of the voting shares of The Bank of Natural Bridge, Natural Bridge Station, Virginia. Fidelity American Bankshares, Inc., Lynchburg, Virginia, for prior approval to acquire 100 per cent of the voting shares of a new insured nonmember bank into which would be merged Bank of Hampton Roads, Newport News, Virginia. Southeast Bancorporation, Inc., Miami, Florida, for prior approval to acquire 80 per cent or more of the voting shares of Citizens Bank of Brevard, Melbourne, Florida. Southeast Bancorporation, Inc., Miami, Florida, for prior approval to acquire 80 per cent or more of the voting shares of First National Bank of Satellite Beach, Satellite Beach, Florida. United Bancshares of Florida, Inc., Coral Gables, Florida, for prior approval to acquire 82.37 per cent or more of the voting shares of Security Exchange Bank, West Palm Beach, Florida. American Bankshares Corporation, Milwaukee, Wisconsin, for prior approval to acquire 80 per cent or more of the voting shares of Kettle Moraine Bank, Genesee Depot, Wisconsin. H. 2 No. 29 10 10 6 6 -6Approved (cont'd) Colorado GNB Bankshares, Inc., Denver, Colorado, for prior approval to acquire at least 80 per cent of the voting shares of The Bank of Glenwood, Glenwood Springs, Colorado. Commerce Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire more than 80 per cent of the voting shares of State Bank of Lebanon, Lebanon, Missouri. Denied Southeast Bancorporation, Inc., Miami, Florida, for prior approval to acquire 80 per cent or more of the voting shares of First National Bank of Eau Gallie, Melbourne, Florida, Southeast Bancorporation, Inc., Miami, Florida, for prior approval to acquire 80 per cent or more of the voting shares of Indialantic Beach Bank, Indialantic, Florida. iV V? V; iV Vr
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