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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1980 No. 29)
Actions of the Board; Applications and Reports
Received During the Week Ending July 19, 1980
APPLICABLE
RESERVE BANK

ACTIONS OF THE BOARD

Atlanta

First National Bank of Birmingham, Birmingham, Alabama,
requesting permission to accept commercial drafts or
bills of exchange not to exceed 100 per cent of its
paid-up and unimpaired capital stock and surplus. 1/

Dallas

GAB Company, Dallas, Texas, extension of time to August 28,
1980, within which to consummate the acquisition of Grand
Avenue Bank, Dallas, Texas. 1/

Kansas City

J.R. Montgomery, Lawton, Oklahoma, extension of time to
September 30, 1980, within which to consummate the acquisition of additional shares of City National Bank and
Trust Company of Lawton, Oklahoma. 1/

Dallas

Kelly Field Bancshares Corporation, San Antonio, Texas,
extension of time to September 22, 1980, within which
to acquire and open Exchange National Bank, San
Antonio, Texas. 1/

Chicago

Manufacturers National Corporation, Detroit, Michigan, extension of time to October 19, 1980, within which to
acquire 100 per cent of the voting shares of Manucor
Insurance Corporation, Phoenix, Arizona. 1J

Kansas City

Midland Capital Co., Oklahoma City, Oklahoma, extension of
time to January 31, 1981, within which to divest of its
interest in Midland Center, Oklahoma City, Oklahoma. JL/

San
Francisco

United California Bank, Los Angeles, California, extension
of time to October 24, 1980, within which to establish
a branch in the vicinity of Scripts Ranch Boulevard and
Red Rock Drive, San Diego, California. 1/

1/

Application processed on behalf of the Board of Governors under delegated
authority.




H.2 1980 No. 29

-

2

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ACTIONS OF THE BOARD-Continued
Richmond

Bank of Northumberland, Incorporated, Heathsville, Virginia,
an investment in bank premises. V

Chicago

Port Bryon State Bank, Port Bryon, Illinois, an Investment
in bank premises. V

Cleveland

Provident Bank, Cincinnati, Ohio, an investment in bank
premises. V

Chicago

Shelby County State Bank, Shelbyville, Illinois, an investment in bank premises. V

Dallas

New First National Bank, Madisonville, Texas, proposed
merger with The First National Bank of Madisonville,
Madisonville, Texas; report to the Comptroller of the
Currency on competitive factors. V

Dallas

Sunbelt State Bank, Brownwood, Texas, proposed merger with
Southwest State Bank, Brownwood, Texas; report to the
Federal Deposit Insurance Corporation on competitive
factors. 1/

San
Francisco

Surety Savings and Loan Association, Phoenix, Arizona, proposed merger with City Bank, Sun City, Arizona; report
to the Federal Deposit Insurance Corporation on competitive
factors. 1/

V

Application processed on behalf of the Board of Governors under delegated
authority.




H.2 1980 No. 29

- 3 ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act

Cleveland

Richmond

Approved
Provident Bank, Cincinnati, Ohio. Branch to be established at 1301 Western Avenue, Cincinnati, Hamilton
County, Ohio. JL/ & 2/
George Mason Bank, Fairfax, Virginia. Branch to be established on the George Mason University Campus at
4400 University Drive, Fairfax County, Virginia. 1/

&2/

Richmond

Bank of Northumberland, Incorporated, Heathsville, Virginia.
Branch to be established on U.S. Route 360, Callao, Northumberland County, Virginia. JL/ & 2/

*

* * *

*

Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978

Dallas

Not Disapproved
McFarland Brothers Bank, Logan, New Mexico.

*

* * * *

To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act

San
Francisco

JL/
2/




Approved
Bank of America N.T. & S.A., San Francisco, California:
grants consent to establish and operate branches in
New York, New York; Chicago, Illinois; Houston, Texas;
Atlanta, Georgia; Miami, Florida; Boston, Massachusetts;
Cleveland, Ohio; Dallas, Texas; Minneapolis, Minnesota;
Seattle, Washington; and St. Louis, Missouri.

Application processed on behalf of the Board of Governors under delegated
authority.
Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.

H.2 1980 No. 29

- 4 ACTIONS OF THE BOARD-Continued
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)
and 4(c)(13) of the Bank Holding Company Act of 1956,
as amended

San
Francisco

Sixty Day Notification Period Allowed to Expire
Bank of America N.T. & S.A., San Francisco, California: no
objection to make an additional investment in Banco Internacional S.A., Sao Paulo, Brazil in order to maintain its
existing 50 per cent ownership interest.

* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956

Chicago

Approved
East Troy Bancshares, Inc., East Troy, Wisconsin, for approval to acquire 80 per cent or more of the voting
shares of State Bank of East Troy, East Troy, Wisconsin.
1/&2/

Chicago

First Deerfield Corporation, Chicago, Illinois, for approval
tc acquire 80 per cent or more of the voting shares of
First National Bank of Deerfield, Deerfield, Illinois.
1/&2/

Chicago

First Schaumburg Bancorporation, Inc., Schaumburg, Illinois
for approval to acquire 80 per cent or more of the
voting shares of Heritage Bank of Schaumburg, Schaumburg,
Illinois. 1/ & 2/

Chicago

Longview Capital Corporation, Longview, Illinois, for approval to acquire 90 per cent or more of the voting
shares of Longview State Bank, Longview, Illinois. V &
21

f/
2/




Application processed on behalf of the Board of Governors under delegated
authority.
Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.

a

H.2 1980 No. 29

- 5 ACTIONS OF THE BOARD-Continued

Chicago

North Community Bancorp, Inc., Chicago, Illinois, for approval to acquire 90 per cent or more of the voting
shares of North Community Bank, Chicago, Illinois. 1/ &
2/

St. Louis

Carbondale Bancshares, Inc., Carbondale, Illinois, for approval to acquire at least 80 per cent of the voting
shares of MidAmerica Bank and Trust Company of Carbondale,
Carbondale, Illinois. If & If

St. Louis

Commercial Bankstock, Inc., Little Rock, Arkansas, for approval to acquire 100 per cent of the voting shares (less
directors' qualifying shares) of the successor by merger
to The Commercial National Bank of Little Rock, Little
Rock, Arkansas. If & 2/

St. Louis

Edwardsville Management Company, Omaha, Nebraska, for approval to acquire 87.11 per cent or more of the voting
shares of Edwardsville National Bank and Trust Company,
Edwardsville, Illinois. V & 2/

St. Louis

The Union of Arkansas Corporation, Little Rock, Arkansas,
for approval to acquire 80 per cent of the voting shares
of Union National Bank of Little Rock, Little Rock,
Arkansas. 2/

Minneapolis

CLARKFIELD BANCSHARES, INC., Clarkfield, Minnesota, for approval to acquire 81.1 per cent of the voting shares of
Farmers and Merchants State Bank of Clarkfield, Incorporated,
Clarkfield, Minnnesota. 1/ & 2/

Minneapolis

THE FIRST NATIONAL CORPORATION IN ONTONAGON, Ontonagon,
Michigan, for approval to acquire 80 per cent or more
of the voting shares of The First National Bank in
Ontonagon, Ontonagon, Michigan.V & If

Minnapolis

Florence Bancorporation, Inc., Florence, Wisconsin, for approval to acquire 81.6 per cent of the voting shares of
State Bank of Florence, Florence, Wisconsin. 1f & If

Minneapolis

Le Sueur Bancorporation, Inc., Le Sueur, Minnesota, for approval to acquire 89.5 per cent of the voting shares of
Le Sueur State Bank, Le Sueur, Minnesota. 1/ & 2/

Tj
If

Application processed on behalf of the Board of Governors under delegated
authority.
Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2 1980 No. 29

-

6

-

ACTIONS OF THE BOARD-Contlnued
Kansas City

Jasper Bancshares, Inc., Jasper, Missouri, for approval
to acquire 95 per cent of the voting shares of Bank
of Jasper, Jasper, Missouri. 1/ & 2/

Kansas City

South Ridge Bancshares, Inc., Lincoln, Nebraska, for approval to acquire 100 per cent of the voting shares
of South Ridge Bank, Inc., Lincoln, Nebraska. 1/ & 2/

Dallas

Lone Oak Financial Corporation, Lone Oak, Texas, for
approval to acquire 80-100 per cent of the voting
shares of Lone Oak State Bank, Lone Oak, Texas. V &
2/

San
Francisco

First Commercial Bancorp, Sacramento, California, for approval to acquire 100 per cent of the voting shares of
First Commercial Bank, Sacramento, California, ij & 2/

* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956

New York

Approved
Banco Central, S.A., Madrid, Spain, for approval to acquire
at least 54.56 per cent of the voting shares of United
Americas Bank, New York, New York. 1/ & 2/

New York

Key Banks Inc., Albany, New York, for approval to acquire
100 per cent of the voting shares (less directors1
qualifying shares) of the successor by merger to The
Citizens National Bank and Trust Company, Wellsville,
New York. JL/& 2/

Chicago

Great Lakes Financial Corporation, Grand Rapids, Michigan,
for approval to acquire 80 per cent of the voting shares
of Montcalm Central Bank, Stanton, Michigan. JL/ & 2/

Dallas

First Freeport Corporation, Freeport, Texas, for approval
to acquire 100 per cent of the voting shares of Alvin
National Bank, Alvin, Texas, proposed new bank. 1/ & 2/

1/
2/

Application processed on behalf of the Board of Governors under delegated
authority.
Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2 1980 No. 29

- 7 ACTIONS OF THE BOARD-Continued
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956

Boston

Approved
Old Stone Corporation, Providence, Rhode Island, for approval to engage in underwriting through reinsurance of
credit life insurance and credit accident and health
insurance in the State of Alabama through its indirect
wholly-owned subsidiary, Motor Life Insurance Company,
Jacksonville, Florida. 1/

Atlanta

First Railroad & Banking Company of Georgia, Augusta,
Georgia, for approval to acquire, through its whollyowned subsidiary, CMC Group, Inc., Charlotte, North
Carolina, certain receivables and assets of Blount
Financial Services, Inc., Maryville, Tennessee. IJ

Kansas City

Cross Financial Corporation, Oberlin, Kansas, for approval
d/b/a Medlin Insurance Agency, Oakley, Kansas, to retain
its general Insurance agency activities in a community
of less than 5,000 population. 1/

Dallas

Republic of Texas Corporation, Dallas, Texas, for approval
to retain 100 per cent of the voting shares of Republic
Exchange Company, Dallas, Texas. 1/

San
Francisco

First Commercial Bancorp, Sacramento, California, for approval to acquire through First Commercial Bank, Sacramento,
California, First Commercial Leasing Company and Northern
California Trading Company, both of Sacramento, California.
1/

Boston

New York

1/
3/

Permitted
First National Boston Corporation, Boston, Massachusetts,
notification of intent to engage in jde novo activities
(to engage in factoring, commercial finance, and personal
property leasing) at 33 West Monroe Street, Chicago,
Illinois, through a subsidiary, FNB Financial Company
(7/19/80) 3/
Citicorp, New York, New York, notification of intent to
relocate jde novo activities (making or acquiring loans
and other extensions of credit, secured or unsecured,
for consumer and other purposes; and acting as agent for

Application processed on behalf of the Board of Governors under delegated
authority.
4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority




1

H.2 1980 No. 29

- 8 ACTIONS OF THE BOARD-Continued
the sale of credit life and credit accident and health
insurance directly related to extensions of credit) from
675 West Garden Street, Pensacola, Florida to 5514 North
Davis Highway, Pensacola, Florida, through its subsidiary,
Citicorp Person-to-Person Financial Center, Inc. (7/13/80)
3/

New York

Citicorp, New York, New York, notification of intent to
relocate de novo activities (making or acquiring loans
and other extensions of credit, secured or unsecured,
for consumer and other purposes; the extensions of loans
to dealers for the financing of inventory (floor planning)
and working capital purposes; purchasing and servicing
for its own account sales finance contracts; and acting
as agent for the sale of credit life and credit accident
and health insurance directly related to extensions of
credit) from 675 West Garden Street, Pensacola, Florida
to 5514 North Davis Highway, Pensacola, Florida, through
its subsidiary, Citicorp Person-to-Person Financial
Center of Florida, Inc. (7/13/80) 3/

Cleveland

Pittsburgh Naclone1 Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(making or acquiring, for its own account or for the
account of others, loans and other extensions of credit)
at 16th Floor, 405 Park Avenue, New York, New York, through
a subsidiary, Pittsburgh National Financial Corporation
(7/3/80) 2/

Richmond

Southern Bancorporation, Inc., Greenville, South Carolina,
notification of intent to engage in de novo activities
(making extensions of credit as a licensed consumer finance
lender and acting as agent for the sale of credit related
life, accident and disability insurance and credit related
property insurance issued directly in connection with the
above-mentioned extensions of credit) at 124 North 5th
Street, Hartsville, 153 2nd Street, Cheraw and 615 North
Tom Casque Boulevard, Marion, South Carolina, through its
subsidiary, World Acceptance Corporation (7/17/80) 3/

Atlanta

Barnett Banks of Florida, Inc., Jacksonville, Florida, notification of intent to engage in jie novo activities
(offering check verification services, including authorizing subscribing merchants to accept certain personal

3/

4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2 1980 No. 29

- 9 ACTIONS OF THE BOARD-Continued
purchase money checks and obligating Verifications, Inc.
to purchase properly verified checks which are subsequently
dishonored) in Charlotte, North Carolina, throughout the
States of North Carolina and South Carolina, through its
subsidiary, Verifications, Inc.
(7/14/80) 3/

St. Louis

Newburg Insurance Agency, Inc., Newburg, Missouri, notification of intent to engage in de novo activities (sale of
credit life, credit accident and health and property damage
insurance directly related to extensions of credit made
by its subsidiary bank, Citizens Bank of Newburg, Newburg,
Missouri and sale of general insurance in a community of
less than 5,000 population) (7/18/80) 3/

Minneapolis

Wessington Bankshares, Inc., Wessington, South Dakota, notification of intent to engage in de novo activities (to
continue to engage for its own account in lending activities only to the extent of administering and collecting
one loan outstanding) (7/14/80) 3/

* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(12) of the Bank Holding Company Act of 1956

New York

Chicago

3/

Permitted
Warner Communications Inc., New York, New York, notification of intent to acquire indirectly all of the outstanding capital stock of H.C. Ostertag TV Company, Inc.,
Columbia, Pennsylvania (7/18/80) 3/
STEEGO Corporation, West Palm Beach, Florida, notification
of intent to acquire all of the outstanding capital stock
of English Brothers Machinery Company, Kansas City,
Missouri (7/7/80) 3J

4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2 1980 No. 29

—

10 —

APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
New York

The Bank of New York, New York, New York. Branch to be
established on the southwest corner of the intersection
of Station Plaza and Duffe Place, Valley Stream, Nassau
County, New York. 2/

New York

Fidelity Union Trust Company, Newark, New Jersey. To establish a communications terminal branch office at
Burlington County Trust Company, Mount Laurel office,
Church Road and Church Street, Mt. Laurel, New Jersey.
2/

Philadelphia

Girard Bank, Bala Cynwyd, Pennsylvania. To establish three
offsite electronic facilities in thriftway markets at
the following locations: 265 South Easton Road, Glenside,
Pennsylvania; 310 South 48th Street, Philadelphia, Pennsylvania; and 1541 North 61st Street, Philadelphia, Pennsylvania. 2J

Richmond

United Virginia Bank, Richmond, Virginia. Branch to be
established at the intersection of U.S. Route 340 and
State Route 649, Stuarts Draft, Augusta County, Virginia.
2/

Atlanta

Flagship Bank of Kissimmee, Kissimmee, Florida. Branch to
be established at 2 Doverplum Center, Kissimmee, Florida.
2/

Chicago

Marshall & Ilsley Bank, Milwaukee, Wisconsin. To establish
an offsite electronic facility in the following locations:
Howard Avenue Sentry #810, 3939 South 76th Street, Milwaukee,
Wisconsin, and 13th Street Sentry #427, 3045 South 13th
Street, Milwaukee, Wisconsin. 2/

San
Francisco

United California Bank, Los Angeles, California. Branch to
be established in the vicinity of the intersection of
Florida and Sanderson Avenues, Hemet, Riverside County,
California. 2/

2/

Application subject to Communit Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




I

11.2 1980 No. 29

- H

-

APPLICATIONS RECEIVED-Continued
To Merge Pursuant to Section 18(c) of the Federal
Deposit Insurance Act
Boston

The Connecticut Bank and Trust Company, Hartford,
Connecticut, to merge with Danbury Bank and Trust
Company, Danbury, Connecticut. 2/

* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Chicago

Geneva Capital Corporation, Lake Geneva, Wisconsin, for
approval to acquire 80 per cent or more of the voting
shares of Citizens National Bank of Lake Geneva, Lake
Geneva, Wisconsin. 2j

Chicago

IROQUOIS BANCORP, INC., Gilraan, Illinois, for approval
to acquire 80 per cent or more of the voting shares of
The First National Bank of Oilman, Gilman, Illinois. 2J

Chicago

NORTHERN BANKSHARES, INC., McFarland, Wisconsin, for approval to acquire 80 per cent of the voting shares of
McFarland State Bank, McFarland, Wisconsin. 2]

Chicago

Tigerton Bancorporation, Inc., Tigerton, Wisconsin, for
approval to acquire 83 per cent of the voting shares
of First National Bank in Tigerton, Tigerton, Wisconsin.
2/

Minneapolis

Citizens Incorporated, Enderlin, North Dakota, for approval
to acquire 90.8 per cent of the voting shares of Citizens
State Bank, Enderlin, North Dakota. 2/

Minneapolis

Continental Bancshares, Inc., Minneapolis, Minnesota, for
approval to acquire 80 per cent or more of the voting
shares of Gambles Continental State Bank, St. Paul,
Minnesota. 2/

Minneapolis

Darwin Bancshares, Inc., Darwin, Minnesota, for approval to
acquire 90 per cent of the voting shares of Farmers State
Bank of Darwin, Darwin, Minnesota. 2/

2/




Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.

I

H.2 1980 No. 29

-

12 -

APPLICATIONS RECEIVED-Continued
Minneapolis

Parkers Prairie Bancshares, Inc., Parkers Prairie, Minnesota,
for approval to acquire 86,4 per cent of the voting shares
of The First National Bank of Parker's Prairie, Parkers
Prairie, Minnesota. 2/

Minneapolis

SHELARD BANCSHARES, INC., St. Louis Park, Minnesota, for approval to acquire 97.4 per cent of the voting shares of
Shelard National Bank, St. Louis Park, Minnesota. 2J

Kansas City

Canton Bancorporation, Inc., Canton, Oklahoma, for approval
to acquire at least 80 per cent of the voting shares of
Bank of Canton, Canton, Oklahoma. 2J

Kansas City

McClain County Bancorporation, Inc., Purcell, Oklahoma, for
approval to acquire at least 80 per cent of the voting
shares of The McClain County National Bank of Purcell
Purcell, Oklahoma. 2/

Kansas City

MSB Holding Company, Mission, Kansas, for approval to
acquire at least 85 per cent of the voting shares of
The Mission State Bank & Trust Company, Mission, Kansas.
2/

Kansas City

Rose Hill Bancorp, Inc., Rose Hill, Kansas, for approval
to acquire 80.2 per cent of the voting shares of The Rose
Hill State Bank, Rose Hill, Kansas. 2/

Dallas

Nolte Bancshares, Inc., Sequin, Texas, for approval to
acquire at least 80 per cent of the voting shares of The
Nolte National Bank of Sequin, Sequin, Texas. 2/

Dallas

Schreiner Bancshares, Inc., Kerrville, Texas, for approval
to acquire 100 per cent of the voting shares (less directors1 qualifying shares) of Chas. Schreiner Bank,
Kerrville, Texas. 2j

San
Francisco

Northwest Bancshares, Inc., Vancouver, Washington, for approval to acquire 80.06 per cent of the voting shares of
Northwest National Bank, Vancouver, Washington. 2/

San
Francisco

PBC Holding Corporation, San Francisco, California, for approval to acquire 100 per cent of the voting shares of
Philippine Bank of California, San Francisco, California.
2/

2/




Application subject to Community Reinvesmtent Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.

1

H.2 1980 No. 29

- 13
APPLICATIONS RECEIVED-Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956

Boston

Connecticut River Bancorp, Inc., Charlestovm, New
Hampshire, for approval to acquire at least 65.79
per cent of the voting shares of Peoples National Bank
of Littleton, Littleton, New Hampshire. 2/

Cleveland

The Ogden Newspapers, Inc., Wheeling, West Virginia, for
approval to acquire an additional 5.15 per cent of the
voting shares of Half Dollar Trust and Savings Bank, Wheeling West Virginia. 2/

San
Francisco

U. S. Bancorp, Portland, Oregon, for approval to acquire
100 per cent of the voting shares of The Forest Grove
National Bank, Forest Grove, Oregon. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston

Industrial National Corporation, Providence, Rhode Island,
notification of intent to engage in jde novo activities
(the origination and sale of residential mortgages and
servicing of residential mortgage loans) at 1340 West
Highway 40, Vernal, Utah, through its indirect subsidiary, Mortgage Associates, Inc. (7/18/80) 3/

Boston

Industrial National Corporation, Providence, Rhode Island,
notification of intent to engage in de novo activities
(the origination and sale of residential mortgages and
servicing of residential mortgage loans) at 1815 South
State Street, Orem, Utah, through its indirect subsidiary, Mortgage Associates, Inc. (7/18/80) 3/

Nev York

Citicorp, New York, New York, notification of intent to
engage in de novo activities (in the marketing for and
sale at retail of a consumer oriented financial course
through its subsidiaries pursuant to a licensed arrange-

2/

3/

Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the aplicable Reserve Bank may be contacted
as to the length of the comment period.
4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




14 -

H.2 1980 No. 29

APPLICATIONS RECEIVED-Contlnued
ment in the offices of such subsidiaries located in
twenty-seven states) in Alabama (6 offices); Arizona (14
offices); California (17 offices); Colorado (16 offices);
Connecticut (1 office); Florida (12 offices); Georgia (8
offices); Idaho (7 offices); Illinois (4 offices); Indiana
(2 offices); Kansas (1 office); Louisiana (5 offices);
Mississippi (1 office); Missouri (5 offices); Montana (2
offices); Nebraska (1 office); Nevada (5 offices); New
Mexico (6 offices); Ohio (2 offices); Oklahoma (5 offices);
Oregon (7 offices); South Carolina (1 office); South
Dakota (2 offices); Texas (3 offices); Utah (8 offices);
Virginia (2 offices); and Wyoming (7 offices), through
its subsidiary, Citicorp Person-to-Person, Inc. (7/17/80)

V

Philadelphia

First Pennsylvania Corporation, Philadelphia, Pennsylvania,
notification of intent to engage in de novo activities
(the purpose of administrating and liquidating certain
assets consisting of commercial finance receivables) at
3760 Vance Street, Wheatridge, Colorado, through its
subsidiary, First Pennsylvania Leasing, Inc. (7/14/80) 3/

Cleveland

Mellon National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities
(mortgage banking activities, including acting as insurance agent with respect to the sale of credit life insurance and/or mortgage redemption insurance) at 6600 Louisville
Road, Springfield, Virginia, through a subsidiary, Mellon
Mortgage Inc. - East (7/18/SO) 3/

Atlanta

First State Banking Corporation, Miami, Florida, notification of intent to engage in die novo activities (making,
acquiring, and servicing loans and other extensions of
credit secured by real estate mortgages) at 499 State
Road # 434, Altamonte Springs, Florida, through a subsidiary, First State Mortgage Company (7/7/80) 3J

Chicago

Continental Illinois Corporation, Chicago, Illinois, for
approval to permit Republic Realty Mortgage Corporation,
Chicago, Illinois, a wholly-owned subsidiary engaged in
the mortgage banking business to continue to act as agent
or broker in connection with the placement of property

3/

4(c)(9) or 4(c)(12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




#
H.2, 1980 No. 29

-15APPLICATIONS RECEIVED-Cont1nued
and casualty insurance related to real estate loans it
originates or services principally for properties located
in the Chicago SMSA but also for properties located elsewhere in the State of Illinois#

Chicago

First Wyanet Investment Corporation, Galesburg, Illinois,
for approval to retain 50 per cent of Skaggs-Olds Insurance Agency, Wyanet, Illinois and E. W. Williams Agency,
Wyanet, Illinois, and to continue to engage in general
insurance activities in a town of less than 5,000 population.

Chicago

Iowa Bancorporation, Des Moines, Iowa, for approval to continue to engage in the sale of general insurance in a
town with a population of less than 5,000 and in lending
activities.

Minneapolis

Jorgenson Insurance Agency, Inc., Kenmare, North Dakota,
for approval to continue to engage in general insurance
agency activities in a community with a population not
exceeding 5,000.

Kansas City

CLC Enterprises, Inc., Nelson, Nebraska, for approval to
retain general insurance activities conducted on the
premises of Commercial Bank of Nelson in a community
with a population of less than 5,000.

Dallas

First International Bancshares, Inc., Dallas, Texas, notification of intent to engage in de novo activities (to
engage in secured lending) in Dallas, Texas, through a
wholly-owned subsidiary, First International
Financial Corporation (7/17/80) 3/

Dallas

First International Bancshares, Inc., Dallas, Texas, notification of intent to engage in de novo activities (to
engage in leasing of personal property) in Houston, Texas,
through a wholly-owned subsidiary, First International
Financial Corporation (7/17/80) 3/

San
Francisco

Security Pacific Corporation, Los Angeles, California, notification of intent to relocate de novo activities (making
or acquiring, for its own account or for the account of
others, loans and extensions of credit including making
consumer installment personal loans, purchasing consumer

3/

4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1980 No. 29

— 16 —

APPLICATIONS RECEIVED-Continued
installment sales finance contracts, making loans to small
businesses and other extensions of credit such as would be
made by a factoring company or a consumer finance company;
acting as broker or agent for the sale of credit related
life, accident and health insurance and credit related
property and casualty insurance) from 2830 West Broad
Street, Columbus, Ohio to 6797 North High Street,
Worthington, Ohio, through its subsidiaries, Security
Pacific Finance Corp. of Ohio and Security Pacific Finance
Corp. (7/14/80) 3/
San
Francisco

Security Pacific Corporation, Los Angeles, California, notification of intent to relocate de novo activities (making
or acquiring, for its own account or for the account of
others, loans and extensions of credit including making
consumer Installment personal loans, purchasing consumer
installment sales finance contracts, making loans to small
businesses and other extensions of credit such as would
be made by a factoring company or a consumer finance
company; and acting as broker or agent for the sale of
credit related life, accident and health insurance and
credit related property and casualty insurance) from 340
High Street, Hamilton, Ohio to 780 Nilles Road, Suite D,
Fairfield, Ohio, through its subsidiaries, Security Pacific
Finance Corp. of Ohio and Security Pacific Finance Corp.
(7/14/80) 3/

San
Francisco

Rainier Bancorporation, Seattle, Washington, notification of
intent to engage in jde novo activities (making or acquiring, for its own account or for the account of others,
loans or other extensions of credit) in Portland, Oregon,
through its subsidiary, Rainier Mortgage Company (7/17/80)
3/

* * * * *

REPORTS RECEIVED
Ownership Report Filed Pursuant to Section 13 of the
Securities Exchange Act
Bank of Burlington, Burlington, Wisconsin
(Filed by Thomas C.. Burchard and Evelyn Burchard)

3/

4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1980 No. 29




- 17 APPLICATIONS RECEIVED-Continued
PETITIONS FOR RULEMAKING

None.