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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
H.2, 1987, No. 29
Actions of the Board
Applications and Reports Received
During the Week Ending July 18, 1987
ACTIONS OF THE BOARD
Boston
Shawmut Bank, N.A., Boston, Massachusetts —
proposed merger with Shawmut Merchants Bank,
N.A., Salem, Massachusetts — report to the
Comptroller of the Currency on competitive
factors. 1/
Boston
Shawmut Bank National Association, Boston,
Massachusetts — proposed merger with Shawmut
First County Bank, N.A., Brockton,
Massachusetts — report to the Comptroller of
the Currency on competitive factors. 1/
New York
Norstar Bank of Long Island, Hempstead, New
York — investment in bank premises. 1/
New York
The First National Bank of Downsville,
Downsville, New York — proposed purchase of
certain assets and assumption of liabilities
of the Millerton Branch of the Chase
Manhattan Bank, N.A., New York, New York —
report to the Comptroller of the Currency on
competitive factors. 1/
Philadelphia
Dime Financial Services Corp., West Chester,
Pennsylvania -- extension for three months to
acquire Dime Savings Bank of Chester County,
West Chester, Pennsylvania. 1/
Cleveland
Citizens Bancshares, Incorporated,
Salineville, Ohio — extension to September
1, 1987, to engage de novo through Freedom
Financial Life Insurance Company, Phoenix,
Arizona, in credit related insurance. 1/
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 29
2
ACTIONS OF THE BOARD - Continued
Cleveland
First National Bank of Mercer County,
Greenville, Pennsylvania — proposed purchase
of the Slippery Rock Office of Mellon Bank,
N.A., Greensburg, Pennsylvania — report to
the Comptroller of the Currency on
competitive factors. 1/
Atlanta
National City Financial Group, Inc., Coral
Springs, Florida — extension to September
14, 1987, to acquire National City Bank. 1/
Chicago
Union Bank and Trust Company, N.A., Grand
Rapids, Michigan — proposed merger with NBD
Grand Valley Bank, N.A., Grandville, Michigan
— report to the Comptroller of the Currency
on competitive factors. 1/
Chicago
Heritage Bank, N.A., Aurelia, Iowa —
proposed merger with Holstein State Bank,
Holstein, Iowa and Iowa National Bank &
Trust, Lytton, Iowa — report to the
Comptroller of the Currency on competitive
factors. 1/
Chicago
Hi-Bancorp, Inc., Highwood, Illinois —
extension to October 27, 1987, to acquire GNP
Bancorp, Inc., Mundelein, Illinois and New
Century Bank. 1/
Chicago
Cherry Bancorporation, Inc., Cherry, Illinois
— extension to November 20, 1987, to acquire
State Bank of Cherry. 1/
St. Louis
First Tennessee National Corporation,
Memphis, Tennessee — extension to October
12, 1987, to engage de novo in acting as a
futures commission merchant through FTB
Future Corporation, Memphis, Tennessee. 1/
St. Louis
State Bank of Bernie, Bernie, Missouri —
proposed merger with Malden State Bank,
Malden, Missouri -- report to the Federal
Deposit Insurance Corporation on competitive
factors. 1/
Kansas City
Jason Bankshares, Inc., Offerle, Kansas —
extension to August 3, 1987, to acquire
Offerle Investment Co., Inc., Offerle,
Kansas, parent of Farmers State Bank. 1/
Kansas City
Jason Bankshares, Inc., Offerle, Kansas —
extension to August 3, 1987, to engage in
insurance agency activities. 1/
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 29
3
ACTIONS OF THE BOARD - Continued
Kansas City
Collegiate Peaks Bancorporation, Inc., Buena
Vista, Colorado — extension to September 30,
1987, to acquire Collegiate Peaks Bank. 1/
Dallas
First State Bank, Cypress, Cypress, Texas —
proposed merger with First State Bank of
Magnolia, Magnolia, Texas — report to the
Federal Deposit Insurance Corporation on
competitive factors. 1/
Dallas
The American Bank of Waco, Waco, Texas —
proposed merger with American National Bank
— report to the Comptroller of the Curreny
on competitive factors. 1/
Dallas
Greenville Bancshares Corporation,
Greenville, Texas — extension to October 20,
1987, to acquire American National Bank of
Greenville. 1/
Dallas
Allied Deer Park Bank, Deer Park, Texas;
Allied Addicks Bank, Houston; Allied
Bank-Interstate 10; Allied Bank of Texas;
Allied Beltway Bank; Allied Champions Bank;
Allied Cypress Bank; Allied Fairbanks Bank;
Allied Bank Gulf Freeway; Allied Jetero Bank;
Allied Bank Memorial; Allied Mercantile Bank;
Allied Mission Bend Bank; Allied Bank
Southwest Freeway; Allied Bank West; Allied
Humble Bank, N.A., Humble; Allied Pasadena
National Bank, Pasadena; Allied Seabrook
Bank, Seabrook; and Allied Spring Bank,
Spring, Texas — proposed merger with Allied
Bank North Belt, N.A. Houston, Texas —
report to the Comptroller of the Currency on
competitive factors. 1/
Dallas
Cattlemen's Financial Services, Inc., Austin,
Texas — extension to August 8, 1987 to
acquire Cattlemen's State Bank. 1/
San Francisco
Alaska Pacific Bank, Anchorage, Alaska —
proposed merger with First National Bank of
Fairbanks, Fairbanks, Alaska — report to the
Federal Deposit Insurance Corporation on
competitive factors. 1/
* * * * *
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 29
4
ACTIONS OF THE BOARD - Continued
To Establish a Domesitc Branch Pursuant to
Section 9 of the Federal Reserve Act
Approved
New York
Chemical Bank, New York, New York — to
establish a new branch office at Merrill
Lynch, One Liberty Plaza, New York, New York.
1/ (7/14/87)
New York
Chemical Bank, New York, New York — to
establish two offsite electronic facilities
at Fordham University at 113 West 60 Street,
New York, New York and 441 East Fordham Road,
Bronx, New York. 1/ (7/14/87)
New York
Chemical Bank, New York, New York — to
establish a branch office at 40-40 21 Street,
Long Island City, Queens, New York. 1/
(7/13/87)
Philadelphia
Farmers Trust Company, Lebanon, Pennsylvania
— to establish a branch in the Cleona Square
Shopping Center, West Penn Ave. and Mill
Street, Cleona, Pennsylvania. 1/ (7/15/87)
Cleveland
The Fifth Third Bank, Cincinnati, Ohio — to
establish branches at the following
locations: 4100 Hunt Road, Blue Ash, Ohio;
5033 Delhi Road, Delhi, Ohio; 7779 Tylersvlle
Road, West Chester, Ohio; Fields-Ertle Road,
Cincinnati, Ohio; Winton and Kemper Roads,
Cincinnati, Ohio, 675 Loveland-Maderia Road,
Cincinnati, Ohio; 7869 Montgomery Road,
Kenwood, Ohio; 12100 Reed Hartman Highway,
Cincinnati, Ohio. 1/ (7/17/87)
Richmond
Miners Exchange Bank, Coeburn, Virginia —
establish a branch in the Norton Square
Shopping Center, U.S. Route 58, Norton,
Virginia. 1/ (7/15/87)
Richmond
Sterling Bank & Trust Co., Pikesville,
Maryland — to establish branches at 111
Water Street, Baltimore, Maryland and 130
Holiday Court, Annapolis, Maryland. 1/
(7/14/87)
Chicago
First State Bank, Manchester, Iowa —
establish a branch at 104 N. Tama,
Manchester, Iowa. 1/ (7/13/87)
1/
to
to
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 29
5
ACTIONS OF THE BOARD - Continued
* * * * *
To Merge Pursuant to Section 18(c) of the
Federal Deposit Insurance Act
Approved
Chicago
First of America Bank - Central, Lansing,
Michigan — to merge with First of America
Bank - Charlotte, Charlotte, Michigan. 1/
(7/15/87)
Chicago
First of America Bank - Central, Lansing,
Michigan — to merge with First of America
Bank - Grand Ledge, Grand Ledge, Michigan.
11
(7/15/87)
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
Philadelphia
First Bank of Philadelphia, Philadelphia,
Pennsylvania. 1/ (7/15/87)
Atlanta
First Coast Community Bank, Fernandina Beach,
Florida. 1/ (7/10/87)
St. Louis
Springs Valley Bank & Trust Company, French
Lick, Indiana. 1/ (7/16/87)
* * * * *
Applications and Notifications for International Investments
and Other Actions Pursuant to Sections 25 and 25(a) of the
Federal Reserve Act and Sections 4(c)(9), 4(c)(13) and
4(c) (14) of the Bank Holding Coaqpany Act of 1956, as amended
Approved
New York
1/
Morgan Guaranty International Finance
Corporation, New York, New York: no
objection to make an additional investment in
Morgan Trust Bank Ltd., Tokyo, Japan.
(7/14/87)
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 29
6
ACTIONS OF THE BOARD - Continued
Forty Five Day Notification Period Waived
New York
Morgan Guaranty International Finance
Corporation, New York, New York: no
objection to invest in Morgan Trust Bank
Ltd., Tokyo, Japan.
(7/18/87)
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Returned
St. Louis
Commercial Security Bancshares, Inc.,
Springfield, Missouri — for approval to
acquire 80 percent of the voting shares of
Southern Missouri Bank, Mansfield, Missouri
and The Security Bank of Mountain Grove,
Mountain Grove, Missouri.
(7/13/87)
* * * * *
Approved
New York
CapitalBanc Corporation, New York, New York
— for approval to acquire 100 percent of the
voting shares of Capital National Bank, New
York, New York. 1/ (7/15/87)
New York
The Sumitomo Trust & Banking Co., Ltd.,
Osaka, Japan — for approval to acquire 100
percent of the voting shares of Sumitomo
Trust & Banking Co., (U.S.A.), New York, New
York, a proposed new bank. (7/16/87)
New York
Farmers Bank and Trust Company of Marion,
Kentucky, Marion, Kentucky — for approval to
acquire 100 percent of the voting shares of
Farmers Bank and Trust Company, of Marion,
Kentucky, Marion, Kentucky. 1/ (7/17/87)
Minneapolis
Fillmore County Bancshares, Inc., Canton,
Minnesota — for approval to acquire 97.4
percent of the voting shares of Canton State
Bank, Canton, Minnesota. 1/ (7/15/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 29
7
ACTIONS OF THE BOARD - Continued
Minneapolis
North Star Holding Company, Inc., Jamestown,
North Dakota — for approval to acquire 79.9
percent of the voting shares of Stutsman
County State Bank, Jamestown, North Dakota.
1/ (7/16/87)
Minneapolis
Northern Plains Investment, Inc., Jamestown,
North Dakota — for approval to acquire 40.25
percent of the voting shares of North Star
Holding Company, Inc., Jamestown, North
Dakota and indirectly acquire Stutsman County
State Bank, Jamestown, North Dakota. 1/ (7/16/87)
Dallas
Brazos Bancshares, Inc., Joshua, Texas — for
approval to acquire 81.32 percent of the
voting shares of The First National Bank in
Joshua, Joshua, Texas. 1/ (7/17/87)
San Francisco
SPC/RAB Acquisition Corp, Los Angeles,
California — for approval to acquire 100
percent of the voting shares of Rainier
Bancorporation, Seattle, Washington and
acquire indirectly Rainier National Bank,
Seattle, Washington, Rainier Bank Oregon,
N.A., Portland, Oregon, United Bank, A
Savings Bank > Tacoma, Washington, and Rainier
Bank Alaska, N.A., Anchorage, Alaska. (7/20/87)
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3 (a)3) of the Bank Holding Company Act of 1956
Approved
Boston
BayBanks, Inc., Boston, Massachusetts — for
approval to acquire 100 percent of the voting
shares of BayBank Connecticut, N.A.,
Farmington, Connecticut, a proposed new bank.
1/
(7/15/87)
Boston
Hartford National Corporation, Hartford,
Connecticut -- for approval to acquire 100
percent of the voting shares of Chester Bank,
Chester, Connecticut.
(7/14/87)
Richmond
Peoples Bancorporation, Rocky Mount, North
Carolina — for approval to acquire 18.4
percent of the voting shares of Citizens
National Bank, Winston-Salem, North Carolina.
1/ (7/17/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 29
8
ACTIONS OF THE BOARD - Continued
Chicago
1st Source Corporation, South Bend, Indiana
— for approval to acquire 100 percent of the
voting shares of The Hamlet State Bank,
Hamlet, Indiana. 1/ (7/15/87)
Chicago
Valley Bancorporation, Appleton, Wisconsin —
for approval to acquire 100 percent of the
voting shares of Community Banks, Inc.,
Middleton, Wisconsin and thereby indirectly
acquire The Bank of Middleton, Middleton,
Wisconson; The Bank of Shor.ewood Hills,
Madison, Wisconsin; The American Exchange
Bank of Madison, Madison, Wisconsin;
Monona-Grove State Bank, Monona, Wisconsin;
Brooklyn State Bank, Brooklyn, Wisconsin, and
Farmers and Merchants Bank, Richland Center,
Wisconsin. 1/ (7/16/87)
St. Louis
Peoples First Corporaton, Paducah, Kentucky
— for approval to acquire 100 percent of the
voting shares of First National Bank of La
Center, La Center, Kentucky. 1/ (7/14/87)
St. Louis
Security Bancorp of Tennessee, Inc., Halls,
Tennessee — for approval to acquire 100
percent of the voting shares of Bank of
Crockett, Bells, Tennessee. 1/ (7/13/87)
Minneapolis
Houston Bancorporation, Inc., St. Paul,
Minnesota — for approval to acquire 100
percent of the voting shares of Citizens
State Bank of Hayfield, Hayfield, Minnesota.
(7/15/87)
San Francisco
Security Pacific Corporation, Los Angeles,
California — for approval to acquire 100
percent of the voting shares of Rainier
Bancorporation, Seattle, Washington and
acquire indirectly Rainier National Bank,
Seattle, Washington, Rainier Bank Oregon,
N.A., Portland, Oregon, United Bank, A
Savings Bank, Tacoma, Washington, and Rainier
Bank Alaska, N.A., Anchorage, Alaska. (7/20/87)
* * * * *
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987
,No.
29
9
ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Approved
Richmond
First Virginia Banks, Inc. Falls Church,
Virginia — for approval to merge with United
Bancorp of Maryland, Inc., Upper Marlboro,
Maryland and thereby indirectly acquire United
Bank and Trust Company of Maryland, Upper
Marlboro, Maryland.
1/ (7/16/87)
Minneapolis
Houston Bancorporation, Inc., St. Paul,
Minnesota — for approval to merge with
Ladysmith Corporation, St. Paul, Minnesota
and indirectly acquire The Pioneer National
Bank of Ladysmith, Ladysmith, Wisconsin.
(7/15/87)
Minneapolis
Houston Bancorporation, Inc., St. Paul,
Minnesota — for approval to merge with
Cottage Grove Bancorporation, Inc., St. Paul,
Minnesota and indirectly acquire Minnesota
National Bank of Cottage Grove, Cottage
Grove, Minnesota.
(7/15/87)
* * * * *
To Expand a Bank Holding Company Pursuant, to Section
4(c)(8) of the Bank Holding Company Act of 1956
Withdrawn
New York
Chase Manhattan Corporation, New York, New
York — for approval to engage through Chase
Investment Management Corporation in
sponsoring and distributing mutual funds.
(6/24/87)
Dallas
Independent Bankers Financial Corporation,
Irving, Texas — for approval to acquire TIH
Company, Irving, Texas in activities of a
trust company of a fiduciary, agency or
custodial nature.
(6/26/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 29
10
ACTIONS OF THE BOARD - Continued
Returned
Dallas
Consolidated Bancorp, Inc., Rosebud, Texas —
to engage de novo (making, acquiring and/or
servicing loans for itself or for others of
the type made by a consumer finance compay)
through Consolidated Loan Service, Inc.,
Rosebud, Texas. 3/ (7/15/87)
Approved
New York
The Chase Manhattan Corporation, New York, New
York — for approval to engage through a
wholly owned subsidiary, Chase Home Mortgage
Corporation, Montvale, New Jersey, in
underwriting and dealing in, to a limited
extent, certain residential mortgage-related
securities that are ineligible for
underwriting and dealing in by state member
banks under the Glass-Steagall Act. 1/ (7/17/87)
New York
Marine Midland Banks, Incorporated, Buffalo,
New York and parent bank holding companies;
The Hongkong and Shanghai Banking
Corporation, Hong Kong, B.C.C.; Kellett N.V.,
Curacao, Netherlands Antilles; and HSBC
Holdings B.V., Amsterdam, The Netherlands —
for approval to engage through a wholly owned
subsidiary, Marine Midland Capital Markets
Corporation, in underwriting and dealing in,
on a limited basis, the following securities:
municipal revenue bonds, including certain
industrial development bonds; residential
mortgage-related securities; consumer-receivablerelated securities ("CRRS"); and commercial
paper.
(7/14/87)
New York
The Sumitomo Trust & Banking Co., Ltd.,
Osaka, Japan — for approval to engage in
investment advisory activities by acquiring
50 percent of the voting shares of Sumitrust
Security Pacific Investment Managers, Inc.,
Los Angeles, California. (7/16/87)
Richmond
Sovran Financial Corporation, Norfolk,
Virginia — for approval to expand the
activities of its subsidiary, Sovran
Investment Corporation, Richmond, Virginia,
to include certain investment advisory
services. (7/15/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
3/
Notification processed by Reserve Bank on behalf of the
Board'of Governors under delegated authority.
H.2, 1987, No. 29
11
ACTIONS OF THE BOARD - Continued
Chicago
Valley Bancorporation, Appleton, Wisconsin —
for approval to acquire 100 percent of CBI
Trust and Financial Services, Inc., Madison,
Wisconsin. 1/
(7/16/87)
San Francisco
Security Pacific Corporation, Los Angeles,
California — for approval to acquire Rainier
Mortgage Company, Seattle, Washington, and
thereby engage in mortgage banking; Rainier
Real Estate Advisers, Inc., Seattle,
Washington, and thereby engage in investment
advice, Rainier Credit Life Insurance
Company, Seattle, Washington, and thereby
engage in the sale of credit-related
insurance; and Rainier Brokerage Services,
Inc., Seattle, Washington, and thereby engage
in securities brokerage. (7/20/87)
San Francisco
SPC/RAB Acquisition Corp., Los Angeles,
California — for approval to acquire Rainier
Mortgage Company, Seattle, Washington, and
thereby engage in mortgage banking; Rainier
Real Estate Advisers, Inc., Seattle,
Washington, and thereby engage in investment
advice; Rainier Credit Life Insurance
Company, Seattle, Washington, and thereby
engage in the sale of credit-related
insurance; and Rainier Brokerage Services,
Inc., Seattle, Washington, and thereby engage
in securities brokerage.
(7/20/87)
* * * * *
Permitted
New York
Barclays pic and Barclays Bank pic, London,
England — to engage de novo (providing
portfolio investment advice to any person;
underwriting and dealing in obligations of
the United States, general obligations of
states and political subdivisions, and other
obligations in which state member banks are
authorized to underwrite and deal) through
their subsidiary, Barclays de Zoete Wedd
Government Securities, Inc., New York, New
York. These activities will be conducted
throughout the United States. 3/ (7/17/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
3/
Notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1987, No. 29
12
ACTIONS OF THE BOARD - Continued
Chicago
Lizton Financial Corporation, Lizton, Indiana
— to engage de novo (providing to others
financially related data processing and data
transmission services, facilities, and data bases;
or access to them; providing management consulting
services to depository institutions) through its
subsidiary, Schorling & Associates, Inc., Lizton,
Indiana. 3/ (7/17/87)
* * * * *
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Approved
St. Louis
First Citizens United, Inc., Central City,
Kentucky. 1/ (7/15/87)
St. Louis
First Bolivar Capital Corporation, Cleveland,
Mississippi. 1/ (7/13/87)
St. Louis
Raymond Bancorp, Inc., Raymond, Illinois.
(7/15/87)
Kansas City
Service Bancshares, Limited, Tonkawa,
Oklahoma. 1/ (7/16/87)
1/
1/
Application processed on behalf of the Board of Governors
under delegated authority.
3/
Notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H. 2 , 1987, No. 29
13
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
Cleveland
The Andover Bank, Andover, Ohio — to
establish a branch at South Broadway (Lot 6
— Sect. 2), Geneva, Ohio. 2/
Cleveland
The Fifth Third Bank, Cincinnati, Ohio — to
establish a branch at 4376 Taylorsville Road,
Dayton, Ohio. 2/
Cleveland
1st Security Bank, Hillsboro, Ohio — to
establish a branch at 511 North High Street,
Hillsboro, Ohio. 2/
Richmond
Central Fidility Bank, Richmond, Virginia —
to establish a branch at 2105 Roanoke Street,
Christiansburg, Virginia. 2/
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Received
Atlanta
Florida First International Bank, Hollywood,
Florida. 2/
* * * * *
Applications and Notifications for International Investments
and Other Actions Pursuant to Sections 25 and 25(a) of the
Federal Reserve Act and Sections 4(c)(9), 4(c)(13) and
4(c)(14) of the Bank Holding Company Act of 1956, as amended
Received
Boston
2/
State Street Bank and Trust Company, Boston,
Massachusetts — regarding the intent of its
Edge subsidiary, State Street International
Holdings, Boston, Massachusetts, to invest
in State Street Australia Limited, Sydney,
Australia, a wholly-owned subsidiary.
Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1987, No. 29
14
APPLICATIONS RECEIVED - Continued
New York
Bankers International Corporation, New York,
New York — prior notice of its intent to
acquire all of the shares of The World
Markets Company PLC, Edinburgh, Scotland.
San Francisco
Security Pacific Corporation, Los Angeles,
California — prior notice of its intent to
make an additional investment in Security
Pacific EuroFinance, Inc., London, England.
* * * * *
To Establish a D.S. Branch of an Edge Act Corporation
Pursuant to Section 25(a) of the Federal Reserve Act
Received
New York
American Express Bank International, New
York, New York — prior notice of its intent
to establish branches in Beverly Hills and
San Francisco, California.
* * * * *
To Form a Bank Holding Company Pursuant to
Section 3(a)(1) of the Bank Holding Company Act of 1956
Received
Richmond
First United Bancorporation, Anderson, South
Carolina — for approval to acquire 100
percent of the voting shares of Anderson
National Bank, Anderson, South Carolina. 2/
Atlanta
NBC Financial Corporation, Baton Rouge,
Louisiana — for approval to acquire 100
percent of the voting shares of National Bank
of Commerce, Baton Rouge, Louisiana. 2/
Chicago
KD Bancshares, Inc., Edgertson, Wisconsin —
for approval to acquire 80 percent of the
voting shares of Kingston-Dalton State Bank,
Kingston, Wisconsin. 2/
St. Louis
M & F Capital Corporation, Macon, Mississippi
— for approval to acquire 100 percent of the
voting shares of Merchants & Farmers Bank,
Macon, Mississippi. 2/
2/
Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1987, No. 29
15
APPLICATIONS RECEIVED - Continued
Minneapolis
Little Mountain Bancshares, Inc., Monticello,
Minnesota — for approval to acquire 100
percent of the voting shares of First
National Bank of Monticello, Monticello,
Minnesota. 2/
San Francisco
First Interstate Bancorp of Texas, Inc., Los
Angeles, California — for approval to
acquire 100 percent of the voting shares of
Allied Bancshares, Inc., Houston, Texas and
indirectly Allied Bank Austin, Austin, Texas?
Allied Bank North Austin, Austin, Texas;
Allied Bank South Austin, Austin, Texas;
Allied Bank of Marble Falls, Marble Falls,
Texas; Allied Bank Beaumont, N.A., Beaumont,
Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Received
Cleveland
Meridian Bancorp, Inc., Reading, Pennsylvania
— for approval to acquire 100 percent of the
voting shares of Delaware Trust Company,
Wilmington, Delaware. 2/
Richmond
Bancshares 2000, Inc., McLean, Virginia —
for approval to acquire 100 percent of the
voting shares of Bank 2000 Reston, N.A.,
Reston, Virginia ( a proposed new bank). 2/
Richmond
Sovran Financial Corporation, Norfolk,
Virginia — for approval to acquire 100
percent of the voting shares of Commerce
Union Corporation, Nashville, Tennessee and
indirectly Commerce Union Bank, Nashville,
Tennessee; Commerce Union Bank/Chattanooga,
Chattanooga, Tennessee; Commerce Union
Bank/Clarksville, Clarksville, Tennessee?
Commerce Union Bank/Eastern, Oak Ridge,
Tennessee; Commerce Union Bank/Greenville,
Greenville, Tennessee; Commerce Union Bank of
Memphis, Memphis, Tennessee? Commerce Union
Bank/Tri-Cities, Johnson City, Tennessee;
Commerce Union Bank/Union City, Unio City,
Tennessee? Williamson County Bank, Franklin,
2/
Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1987, No. 29
16
APPLICATIONS RECEIVED - Continued
Tennessee; First National Bank of Lewisburg,
Lewisburg, Tennesee; Planters Bank and Trust
Company, Hopkinsville, Kentucky; Security
Bank and Trust Company, Centerville,
Tennessee.
2/
St. Louis
Country Bancorporation, Inc,, Jackson,
Mississippi — for approval to acquire 100
percent of the voting shares of the First
National Bank of Perryville, Perryville,
Missouri. 2/
St. Louis
Miles Bancshares, Inc., Advance, Missouri —
for approval to acquire 99.6 percent of the
voting shares of Bowen State Bank, Bowen,
Illinois. 2/
Kansas City
Mid-America, Inc., Oklahoma City, Oklahoma —
for approval to retain F & M Bancorporation,
Inc., Tulsa, Oklahoma; F & M Bank and Trust
Company, Tulsa, Oklahoma — to engage
indirectly in the sale of credit life,
accident and health insurance through Inland
Life Insurance Company, Tulsa, Oklahoma, a
wholly-owned subisidary of F & M.
Kansas City
Ottawa Bancshares, Inc., Ottawa, Kansas —
for approval to acquire 100 percent of the
voting shares of Lyon County State
Bancshares, Inc., Emporia, Kansas and
indirectly Lyon County State Bank, Emporia,
Kansas. 2/
Kansas City
United Missouri Bancshares, Inc., Kansas
City, Missouri — for approval to acquire 100
percent of the voting shares of United
Missouri Bank U.S.A., Wilmington, Delaware (a
proposed new bank). 2/
Dallas
Buchel Bancshares, Inc., Cuero, Texas — for
approval to acquire United Bancorp, Inc.,
Victoria, Texas, and indirectly Crossroad
Bank, Victoria, Texas. 2/
Dallas
Vidor Bancshares, Inc., Vidor, Texas — for
approval to acquire 100 percent of the voting
shares of Plaza National Bank, Beaumont,
Texas. 2/
2/
Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the lencrth of the eomment Deriod.
H.2, 1987, No. 29
17
APPLICATIONS RECEIVED - Continued
San Francisco
First Interstate Bancorp, Los Angeles,
California — for approval to acquire 100
percent of the voting shares of Allied
Bancshares, Inc., Houston, Texas, and
indirectly Allied Bank Austin, Austin, Texas;
Allied Bank North Austin, Austin, Texas;
Allied Bank South Austin, Austin, Texas;
Allied Bank of Marble Falls, Marble Falls,
Texas; Allied Bank Beaumont, N.A., Beaumont,
Texas; Allied Merchants Bank, Port Authur,
Texas; Allied Nederland Bank, Port Arthur,
Texas; Allied American Bank, Dallas, Texas;
Allied Bank Arlington, Arlington, Texas;
Allied Bank Bedford, Bedford, Texas; Allied
Bank Cedar Hill, N.A., Cedar Hills, Texas;
Allied Bank of Dallas, Gaston, Texas; Allied
First National Bank of Mesquite, Mesquite,
Texas; Allied Bank Forth Worth, Fort Worth,
Texas; Allied Bank Irving, Irving, Texas;
Allied Bank Keller, N.A., Texas; Allied Bank
Mockingbird, Dallas, Texas; Allied Bank North
Central, N.A., Dallas, Texas; Allied
Northeast Bank, N.A., Fort Worth, Texas;
Allied Bank Oak Cliff, Dallas, Texas; Allied
Bank Plano, N.A., Plano, Texas; Allied Bank
Waxahachie, N.A., Waxahachie, Texas; Allied
Addicks Bank, Houston, Texas; Allied Beltway
Bank, Houston, Texas; Allied Champions Bank,
Houston, Texas; Allied Conroe Bank, Conroe,
Texas; Allied Cypress Bank, Houston, Texas;
Allied Deer Park Bank, Deer Park, Texas;
Allied Fairbanks Bank, Houston, Texas; First
Interstate Bancorp, Los Angeles, California
— for approval to acquire 100 percent of the
voting shares of Allied First National Bank,
Angleton, Texas; Allied Bank Gulf Freeway,
Houston, Texas; Allied Bank-Interstate 10,
Houston, Texas; Allied Jetero Bank, Houston,
Texas; Allied Bank Memorial, Houston, Texas;
Allied Mercantile Bank, Houston, Texas;
Allied Mission Bank, Houston, Texas; Allied
Bank Missouri City, Missouri City, Texas;
Allied Bank North Belt, N.A., Houston, Texas;
Allied Pasadena National Bank, Pasadena,
Texas; Allied Bank Southwest Freeway,
Houston, Texas; Allied Spring Bank, Spring,
Texas; Allied Bank of Texas; Houston, Texas;
Allied Bank West, Houston, Texas
and Allied Bank Longview, Longview, Texas.
2/
2/
Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1987, No. 29
18
APPLICATIONS RECEIVED - Continued
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Received
Richmond
Dominion Bancshares Corporation, Roanoke,
Virginia — for approval to merge with First
Springfield National Corporation,
Springfield, Tennessee and indirectly acquire
The First National Bank of Springfield,
Springfield, Tennessee. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 4(c)(8) of the Bank Holding Company Act of 1956
Received
New York
The Norinchukin Bank, Tokyo, Japan — to
retain 44 percent of the shares of Kyodo
Leasing America, Inc., and thereby continue
to engage in leasing activities and in the
making, acquiring and servicing of loans and
other extensions of credit.
New York
Norstar Bancorp, Inc., Albany, New York
to engage de novo (engaging in the activities
of a trust company of a fiduciary, agency, or
custodial nature) through Norstar Trust
Company of Florida, N.A.
(7/17/87)
Richmond
Dominion Bancshares Corporation, Roanoke,
Virginia — for approval to acquire First
Trust Company, Springfield, Tennessee and
thereby engage in general trust functions
including activities of a fiduciary, agency,
or custodial nature.
Richmond
Sovran Financial Corporation, Norfolk,
Virginia — for approval to acquire Commerce
Union Realty Service, Inc., Nashville,
Tennessee and thereby engage in brokering
commercial mortgage loans.
2/
Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.
H.2, 1987, No. 29
19
APPLICATIONS RECEIVED - Continued
Richmond
Sovran Financial Corporation, Norfolk,
Virginia — for approval to acquire Tennessee
Valley Life Insurance Company, Nashville,
Tennessee and thereby engage in reinsuring
credit life, accident and health insurance
directly related to extensions of credit by
the subsidiary banks of Commerce Union
Corporation, Nashville, Tennessee.
Atlanta
The Citizens and Southern Corporation,
Atlanta, Georgia — to engage de novo
(engaging in full pay-out personal and real
property leasing) through its subsidiary, C&S
Capital Corporation, Atlanta, Georgia and
Arlington, Texas.
(7/19/87)
Chicago
First Colonial Bankshares Corporation,
Chicago, Illinois — for approval to acquire
Mid-States Financial Corporation, Schaumburg,
Illinois and thereby engage in the leasing of
personal or real property.
Chicago
First of America Bank Corporation, Kalamazoo,
Michigan — to engage de novo (providing to
others financially related data processing
and data transmission services, facilities,
and data bases, or access to them) through
its wholly-owned subsidiary, First of America
Computer Services, Inc., Kalamazoo, Michigan.
(7/15/87)
Chicago
Huntley Bancshares, Inc., Huntley, Illinois
— for approval to acquire Rohrson Insurance
Agency, Hampshire, Illinois and thereby
engage in the sale and servicing of all types
of insurance to the general public in the
surrounding area of Huntley, Illinois and
Hampshire, Illinois.
San Francisco
First Interstate Bancorp, Los Angeles,
California — for approval to acquire Allied
Agency, Inc., Houston, Texas and to engage in
credit-related insurance agency activities.
San Francisco
First Interstate Bancorp, Los Angeles,
California — for approval to acquire
Bancshares Leasing, Inc., Houston, Texas and
to engage in single investor and leveraged
leasing financing.
H.2, 1987
,No.
29
20
APPLICATIONS RECEIVED - Continued
San Francsico
First Interstate Bancorp, Los Angeles,
California — for approval to acquire Allied
Life Insurance Company of Texas, Houston,
Texas — and to engage in underwriting and
reinsuring credit-related life, accident and
health insurance.
San Francisco
First Interstate Bancorp, Los Angeles,
California — for approval to acquire Allied
Trust Company, Houston, Texas and to engage
in corporate and institutional trust
services.
San Francisco
First Interstate Bancorp of Texas, Inc., Los
Angeles, California — for approval to
acquire Allied Agency, Inc., Houston, Texas
and to engage in credit-related insurance
agency activities.
San Francisco
First Interstate Bancorp of Texas, Inc., Los
Angeles, California — for approval to
acquire Allied Bancshares Brokerage, Inc.,
Houston, Texas and to engage in discount
brokerage activities.
San Francisco
First Interstate Bancorp of Texas, Inc.,
Los Angeles, California — for approval to
acquire Allied Bancshares Leasing, Inc.,
Houston, Texas and to engage in single
investor and leveraged leasing financing.
San Francisco
First Interstate Bancorp of Texas, Inc.,
Los Angeles, California — for approval to
acquire Allied Life Insurance Company of
Texas, Houston, Texas and to engage
underwriting and reinsuring credit-related
life, accident and health insurance.
San Francisco
First Interstate Bancorp of Texas, Inc.,
Los Angeles,. California — for approval to
acquire Allied Trust Company, Houston, Texas
and to engage in corporate and institutional
trust services.
San Francisco
Landmark Bancorp, La Habra, California — to
engage de novo (engaging in the activities of
a trust company of a fiduciary, agency, or
custodial nature) through Excelmark Financial
Services, Inc., La Habra, California.
(7/17/87)
H.2, 1987, No. 29
21
APPLICATIONS RECEIVED - Continued
* * * * *
Agreements Filed Pursuant to Section 8 of the
Securities Exchange Act of 1934
Philadelphia
Meritor Savings Bank has filed an agreement
with the Federal Reserve Bank of Philadelphia
(which is authorized to accept such
agreements on behalf of the Board of
Governors under delegated authority),
undertaking to comply with all provisions
which relate to the use of credit to finance
transactions in securities.
@FedFRASER