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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1983 No. 26)
Actions of t h e Board; A p p l i c a t i o n s and Reports
Received During t h e Week Ending J u l y 2 , 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Statement by John E. Ryan, D i r e c t o r , D i v i s i o n of
Banking S u p e r v i s i o n and R e g u l a t i o n , b e f o r e t h e
Commerce, Consumer and Monetary A f f a i r s Subcommittee
of t h e House Committee on Government O p e r a t i o n s ,
t o d i s c u s s t h e r o l e of t h e banking a g e n c i e s in t h e
Government's e f f o r t s t o i d e n t i f y and p r o s e c u t e
v i o l a t i o n s of c r i m i n a l laws by o f f i c e r s , d i r e c t o r s
or o t h e r bank employees.
Request f o r comment on a proposal t o r e v i s e t h e f e e
s t r u c t u r e s f o r t h e Federal R e s e r v e ' s d e f i n i t i v e
s e c u r i t i e s s a f e k e e p i n g and noncash c o l l e c t i o n
s e r v i c e s ; comment must be r e c e i v e d by August 8 ,
1983 (Docket No. R-0475)
Meeting of t h e Consumer Advisory Council on J u l y 20
and 21, in s e s s i o n s open t o t h e p u b l i c .
New York
C i t i z e n s F i r s t National Bank of New J e r s e y , Ridgewood,
New J e r s e y , proposed merger with Bergen S t a t e Bank,
B e r g e n f i e l d , New J e r s e y ; r e p o r t t o t h e Comptroller
of t h e Currency on c o m p e t i t i v e f a c t o r s . U
New York
Broadway Bank & T r u s t Company, P a t e r s o n , New J e r s e y ,
p r o p o s a l t o merge Anthony Wayne Bank, Wayne, New
J e r s e y ; r e p o r t t o t h e Federal Deposit I n s u r a n c e
C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . ]_/
New York
Columbus T r u s t Company, Newburgh, New York, e x t e n s i o n
of time t o J u l y 10, 1984, w i t h i n which t o e s t a b l i s h
a branch o f f i c e in t h e immediate v i c i n i t y of t h e
i n t e r s e c t i o n of Quaker Avenue and Angola Road, Town
of C o r n w a l l , New York. 1/
}/
~~
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 26
-
2
ACTIONS OF THE BOARD - Continued
New York
United J e r s e y Bank, Hackensack, New J e r s e y , e x t e n s i o n
of time t o September 3 , 1984, w i t h i n which t o e s t a b l i s h a branch o f f i c e a t 9 Campus Drive, P r u d e n t i a l
B u s in es s Campus, i n t e r s e c t i o n of Routes 10 and 202,
Parsippany-Troy H i l l s , New J e r s e y . 1/
New York
South Norwalk New Bank, National A s s o c i a t i o n , South
Norwalk, C o n n e c t i c u t , proposal t o merge C i t i z e n ' s
National Bank of F a i r f i e l d , F a i r f i e l d , C o n n e c t i c u t ;
r e p o r t t o t h e C o m p t r o l l e r of t h e Currency on comp e t i t i v e f a c t o r s . 1/
New York
F i r s t National
proposal t o
Totowa, New
Currency on
Philadelphia
C i t i z e n s National Bank and T r u s t Company of Waynesboro,
P e n n s y l v a n i a , proposal t o merge with C i t i z e n s I n t e r i m
National Bank and T r u s t Company of Waynesboro, under
t h e c h a r t e r of t h e l a t t e r and with t h e t i t l e of t h e
f o r m e r ; r e p o r t t o t h e C o m p t r o l l e r of t h e Currency on
c o m p e t i t i v e f a c t o r s . \J
Cleveland
H a r t e r Bank & T r u s t Company, Canton, Ohio, e x t e n s i o n
of t i m e t o June 17, 1984, w i t h i n which t o e s t a b l i s h
a branch a t 3050 Lincolnway E a s t , Massil Ion, Ohio. ] /
Richmond
Community Bank and T r u s t , N.A., F a i r m o n t , West V i r g i n i a ,
proposed merger w i t h Middletown National Bank, Fairmont,
West V i r g i n i a ; r e p o r t t o t h e Comptroller of t h e Currency
on c o m p e t i t i v e f a c t o r s . 1/
Richmond
C i t i z e n s T r u s t Bank, Portsmouth, V i r g i n i a , a proposed new
bank; proposed merger w i t h C. T. Bank, Portsmouth,
V i r g i n i a , a proposed new bank; r e p o r t t o t h e Federal
Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/
Richmond
Mercer County Bank, P r i n c e t o n , West V i r g i n i a , proposed
merger w i t h MCB Bank, P r i n c e t o n , West V i r g i n i a , a
proposed new bank; r e p o r t t o t h e Federal Deposit
I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/
Richmond
Twentieth S t r e e t Bank, H u n t i n g t o n , West V i r g i n i a , p r o posed merger w i t h TSB Bank, I n c . , H u n t i n g t o n , West
V i r g i n i a , a proposed new bank; r e p o r t t o t h e Federal
Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/
]7
S t a t e Bank-Hudson, Bayonne, New J e r s e y ,
merge F i r s t National Bank of New J e r s e y ,
J e r s e y ; r e p o r t t o t h e C o m p t r o l l e r of t h e
competitive f a c t o r s . ] /
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
i
H.2, 1983 No. 26
- 3 ACTIONS OF THE BOARD - Continued
Atl anta
Bank of Loudon County, Lenoir C i t y , Tennessee, proposed merger with Loudon County Interim Bank, Lenoir
C i t y , Tennessee; report t o the Federal Deposit
Insurance Corporation on competitive f a c t o r s . \J
Atlanta
E l l i s Bank and Trust Company, Sarasota, Florida, proposed merger with E l l i s Ft. Myers Bank, Ft. Myers,
F l o r i d a ; report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . \J
Atlanta
Northwest Georgia Bank, Ringgold, Georgia, proposed
merger with Northwest Interim Bank, Ringgold,
Georgia; report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . \J
Atlanta
Exchange Bank of Wrightsvi 1 l e , Wrightsvi 1 l e , Georgia,
proposed merger with Exchange Interim, I n c . , Wrightsvi 1 l e , F i r s t S t a t e Bank, Marshal Ivi 1 l e , and Bank of
Fort V a l l e y , Fort V a l l e y , Georgia; report t o the
Federal Deposit Insurance Corporation on competitive
factors. V
Atlanta
F i r s t National Bank of A t l a n t a , Atlanta, Georgia, proposed
merger with F i r s t National Bank of Cartersvil l e ,
C a r t e r s v i l l e , Georgia; report t o the Comptroller of
the Currency on competitive f a c t o r s . V
Chicago
People's Trust Company, Brookvi 1 l e , Indiana, proposal
t o merge with The Farmers and Merchants S t a t e Bank,
Oldenburg, Indiana, under the charter and t i t l e of
P e o p l e ' s Trust Company; report t o the Federal Deposit
Insurance Corporation on competitive f a c t o r s . \J
Chicago
Bank of Western Indiana, Covington, Indiana, proposal
t o merge w i t h The H i l l s b o r o S t a t e Bank, Hi 1 l s b o r o ,
Indiana, under the charter and t i t l e of Bank of
Western Indiana; report t o t h e Federal Deposit Insurance
Corporation on competitive f a c t o r s . J\J
S t , Louis
C i t i z e n s National Bar* of D a n v i l l e , D a n v i l l e , Kentucky,
proposal t o merge with CBD Bank, National A s s o c i a t i o n ,
D a n v i l l e , Kentucky; report t o the Comptroller of the
Currency on competitive f a c t o r s . 1/
17
Application p r o c e s s e d on oenalf of t h e Board of Governors under
delegated a u t h o r i t y .
1983 No. 26
ACTIONS OF THE BOARD - Continued
St,
v s
P l a n t e r s F i n a n c i a l C o r p o r a t i o n , Hopki n s v i 1 l e , Kentucky,
e x t e n s i o n of t i m e t o November 18, 1983, w i t h i n which
t o bee one a bank h o l d i n g company through t h e a c q u i s i t i o n
of t h e s u c c e s s o r by merger t o P l a n t e r s Bank & T r u s t
Company, Hopki n s v i 1 l e , Kentucky, y
S t . Louis
P l a n t e r s Bank & T r u s t Company, H o p k i n s v i 1 ! e , Kentucky,
e x t e n s i o n of time t o November 18, 1983, w i t h i n which
t o merge with The Big F r i e n d l y Bank C o r p o r a t i o n ,
Hopki n s v i 1 l e , Kentucky. J /
Kam.i:
F i r s t Wyoming B a n c o r p o r a t i o n , Cheyenne, Wyoming, e x t e n s i o n
of t i n e t o October I I , 1983, w i t h i n which t o a c q u i r e
S t a t e Bank of Big P i n e y , Big P i n e y , Wyoming, y
i ity
Kansas C i t y
Equitable Bank shares of C o l o r a d o , I n c . , Denver, Colorado,
e x t e n s i o n of time t o September 22, 1983, w i t h i n which
t o acquire Equi Bank - South, N . A . , Arapahoe Coutny,
Colorado. V
Dallas
V i c t o r i a B a n k s n a r e s , I n c . , V i c t o r i a , Texas, e x t e n s i o n
of time t o October 31, 1983, w i t h i n which t o a c q u i r e
C i b o l o S t a t e Bank, C i b o l o , T e x a s . ] /
Dal U s
V i c t o r i a Bankshares, I n c . , V i c t o r i a , T e x a s , e x t e n s i o n
of time t o September 30, 1983, i n which to a c q u i r e
American National Bank of Bay C i t y , Bay C i t y , Texas, y
5an
frdfiUito
O e r e g i s t r a t i o n as a l e n d e r on s e c u r i t i e s under R e g u l a t i o n G
f o r H e w l e t t - P a c k a r d Company, Palo A l t o , C a l i f o r n i a . J /
:-df.
iran;1s..
Larchmont Bancorp, Los A n g e l e s , C a l i f o r n i a , e x t e n s i o n of
t i n e t o October 14, 1983, w i t h i n which t o become a
bank h o l d i n g company through t h e a c q u i s i t i o n of Larchmont National Bank, a proposed new bank, Los Angeles,
Cat i f o r n i a . 1/
jan
Francisco
C u s t e r County Ban* , C h a l l i s , I d a h o , proposed merger w i t h
F i r s t b e c i . n ty Bank of I d a h o , N.A., B o i s e , Idaho,
under t h e t i t l e and c h a r t e r of t h e l a t t e r ; r e p o r t t o
t h e F e d e r a l Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e
f a c t o r s . 1/
T/
t d t i u f t p r o c e s s e d on behalf
delegated authority.
of t n e Baoro of Governors under
H.2, 1983 No. 26
ACTIONS OF THE BOARD - Continued
Sd
trat..1 »co
Grand Canyon S t a t e Bank, G i l b e r t , Arizona, proposed p u r chase of a s s e t s and assumption of l i a b i l i t i e s of the
tiasei i ne Road, Mesa, Arizona, branch of Southwest Savings
and Loan A s s o c i a t i o n , Phoenix, Arizona; report to the
Federal Deposit Insurance Corporation on c o n p e t i t i v e
f a c t o r s . ]_/
San
irancisco
Peoples National Bank of Washington, S e a t t l e , Washington,
proposed purchase of t h e F i f t h and Washington branch
and t h e Legion and J e f f e r s o n branch of Tumwater S t a t e
Bank, Olymphia, Washington, under the charter and
t i t l e of the former; report to the Comptroller of the
Currency on c o m p e t i t i v e f a c t o r s . 1/
T7
A p p l i c a t i o n pr oc e sse d on behalf of t h e Board of Governors under
delegated authority.
H.2, 1983 No. 26
6 -
ACTIONS OF THE BOARD - Continued
Issued Intent Not to Disapprove Change of Control
Pursuant t o Change in Bank Control Act of 1978
S t . Louis
Not Disapproved
Elizabethtown Bancshares, I n c . , Elizabethtown, Kentucky. JJ
Kansas City
Wamego Bancshares, I n c . , Wamego, Kansas, j /
Dallas
S e c u r i t y Bankshares, I n c . , Wellington, Texas. \ j
*
*
*
*
*
To E s t a b l i s h a Domestic Branch Pursuant
t o S e c t i o n 9 of t h e Federal Reserve Act
Richmond
Approved
Salem Bank and T r u s t , Salem, V i r g i n i a . To e s t a b l i s h a
branch in t h e West Gate Shopping C e n t e r , 1300 West
Main S t r e e t , Salem, V i r g i n i a . 1/
*
*
*
*
*
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other Actions Pursuant t o S e c t i o n s 25 and 25(a)
of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 )
of t h e Bank Holding Company Act of 1956, as amended
San
Franci sco
New York
Tj
Withdrawn
Crocker National Bank, San F r a n c i s c o , C a l i f o r n i a :
r e q u e s t s permission f o r Applicant to increase i t s
a c c e p t a n c e l i m i t from 150 t o 200 p e r c e n t of c a p i t a l
and s u r p l u s .
Approved
C i t i b a n k Overseas Investment C o r p o r a t i o n , Wilmington,
Delaware, f o r a f t e r t h e f a c t consent f o r i t s i n v e s t ment i n Walwyn I n c . , T o r o n t o , O n t a r i o , Canada,
n o t w i t h s t a n d i n g Walwyn's engaging in domestic b u s i n e s s
in t h e United S t a t e s through a wholly-owned s u b s i d i a r y ,
Walwyn S e c u r i t i e s , I n c . , New York, New York.
Application processed on behalf of t h e Board of Governors under
delegated authority.
H.2, 1 9 8 3 N 0 . 26
- 7ACTIONS OF THE BOARD - Continued
Atlanta
European American Bank I n t e r n a t i o n a l , Mi ami, F l o r i d a :
g r a n t s consent t o amend A r t i c l e s FIRST, THIRD, and
FOURTH of i t s A r t i c l e s of A s s o c i a t i o n t o change i t s
name t o European American Bank I n t e r n a t i o n a l , Los
Angeles, t o r e l o c a t e i t s home o f f i c e t o Los Angeles,
California.
Atlanta
B a r n e t t Banks of
grants consent
indirectly, all
F i n a n c e , N.V.,
Chicago
Florida, I n c . , Jacksonville, Florida:
t o purchase and h o l d , d i r e c t l y or
of t h e s h a r e s of B a r n e t t Overseas
Curacao, N e t h e r l a n d s A n t i l l e s .
Sixty-Day N o t i f i c a t i o n P e r i o d Waived
F i r s t Chicago I n t e r n a t i o n a l Finance C o r p o r a t i o n , Chicago,
I l l i n o i s : no o b j e c t i o n t o make an addi t i o n a l investment
in a j o i n t v e n t u r e d e p o s i t t a k i n g company, CCIC Finance
Limited, Hong Kong.
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Boston
Approved
Community Bancorp, Derby, Vermont, f o r approval t o
a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Community
National Bank, Derby, Vermont. V
New York
United Counties B a n c o r p o r a t i o n , C r a n f o r d , New J e r s e y ,
f o r approval t o a c q u i r e 1 00 p e r c e n t of t h e voting
s h a r e s of United S t a t e s T r u s t Company, E l i z a b e t h , New
Jersey. ] /
Richmond
F i r s t National Bank s h a r e s , I n c . , Emporia, V i r g i n i a ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of t h e s u c c e s s o r by merger t o The F i r s t
National Bank of Emporia, Emporia, V i r g i n i a . J J
Richmond
Raleigh B a n k s h a r e s , I n c . , Beck 1 ey , West V i r g i n i a , f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of Bank of R a l e i g h , Beck l e y , West V i r g i n i a . 1/
Tf
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated authority.
H.2, 1983 No. 26
- 8 ACTIONS OF THE BOARD - Continued
Atlanta
American Bancorp, I n c . , Opelousas, Louisiana, for
approval t o acquire 100 percent of the voting shares
of American Bank and Trust Company, Opelousas,
Louisiana. jj/
Atlanta
NBG Holding Company, A t l a n t a , Georgia, f o r approval to
acquire 100 percent of the voting shares of National
Bank of Georgia, A t l a n t a , Georgia. J /
Chicago
Bridgeview Bancorp, I n c . , Bridgeview, I l l i n o i s , for
approval to acquire at l e a s t 80 percent of the voting
shares of Bridgeview Bank and Trust Company, Bridgeview, I l l i n o i s . 1/
Chicago
Dairyland Bancshares, I n c . , M a r s h f i e l d , Wisconsin, for
approval t o acquire 100 percent of the voting shares
of the s u c c e s s o r by merger t o C i t i z e n s National Bank
and Trust, M a r s h f i e l d , Wisconsin.
Chicago
Persia Bancorp, I n c . , Woodbine, Iowa, for approval t o
acquire at l e a s t 84 percent of the voting shares of
Home Savings Bank, P e r s i a , Iowa. V
Chicago
Spartan Bankcorp, I n c . , East Lansing, Michigan, for
approval t o acquire 100 percent of the voting shares
of the s u c c e s s o r by c o n s o l i d a t i o n t o East Lansing
S t a t e Bank, East Lansing, Michigan. V
S t . Louis
F i r s t Bancorp of Russell County, I n c . , Russell Springs,
Kentucky, f o r approval t o acquire at l e a s t 80 percent
of the v o t i n g shares of F i r s t National Bank of
Russell S p r i n g s , Russell Springs, Kentucky. J_/
Minnesota
Cherokee Bancshares, I n c . , S t . Paul, Minnesota, for
approval t o acquire at l e a s t 8 0 . 3 percent of the
v o t i n g shares of Cherokee S t a t e Bank of S t . Paul,
S t . Paul, Minnesota. J /
Oallas
Centex Community Bankshares, I n c . , K i l l e e n , Texas,
f o r approval to acquire 100 percent of the voting
shares of C i t i z e n s National Bank of K i l l e e n , K i l l e e n ,
Texas. J /
i)dl IdS
Thompson F i n a n c i a l , L t d . , Fort Worth, Texas, for approval
t o acquire 4 6 . 3 0 percent of the voting shares of Texas
S e c u r i t y Bancshares, I n c . , Fort Worth, Texas, and
i n d i r e c t l y Central Bank & Trust, Fort Worth, Texas and
North Fort Worth Bank, Fort Worth, Texas. 1/
T7
~
A p p l i c a t i o n processed on behalf o f the Board of Governors under
delegated authority.
ALiiUNS vr THk ^JAKU . Continued
jdiWs
w o r t n S d n r n r p o r a i i o n , I n c . * Fort Worth* Texas, f o r
dpi-rova; co a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i : ^ s n a r e s uf Lake Worth National Hank, Forth
Worn#,
.r
Hancisco
V i e j o b a n c o r p . Mission V i e j o , C a l i f o r n i a * f o r approval
t o a c q u i r e IUU p e r c e n t of t h e v o t i n g s h a r e s of t h e
successor
merger t o Mission V i e j o National Bank,
Mission V i c : u , C a l i f o r n i a . 1/
*
^
*
lo L*pana 3 tiank Holding Company Pursuant t o S e c t i o n
j ( 3 j } j j of t n e Bank Holding Company Act of 1956
Aiia<a-
Approved
b d r n e l t 3 arms of F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a ,
tor approve! t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s n a r e s of t n e s u c c e s s o r by merger t o Boulevard Bank,
ke> West, H o n d a . J /
At. dfitd
r ir.encial Growtn Systems,
f o r approval t o a c q u i r e
<?iares of C i t i z e n s F i r s t
( . a u n t y , Hernando County,
b-siw. 1/
At 134ile
b o . . t n ' r u s t C o r p o r a t i o n , Birmingham, Alabama, f o r
a p ^ r u v t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g
s n a r e s of Tne F i r s t Bank of A l a b a s t e r , A l a b a s t e r ,
A!abama, Jy
unic ago
waiter t . HeUer I n t e r n a t i o n a l C o r p o r a t i o n , Chicago,
I l l i n o i s and American National C o r p o r a t i o n , Chicago,
! 1 h n o i s , f o r approval t o acquire 100 percent of t h e
1
v o t i h t , s n a r e s of ( l e s s d i r e c t
qualifying shares)
!
i r s t American Bank of B e n s e n v i 1 l e , B e n s e n v i 1 l e ,
! 1 ^» noi s . I /
In t c a g e
w a i t e r t . H e l l e r I n t e r n a t i o n a l C o r p o r a t i o n , Chicago,
I l l i n o i s , f o r approval t o a c q u i r e , through i t s
s u b s i d i a r y , American National C o r p o r a t i o n , Chicago,
I l l i n o i s , 100 p e r c e n t of t h e v o t i n g s h a r e s of
( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) F i r s t National
yank of l l a e - ' y v i I l e , l i o e r t y v i 1 l e , I l l i n o i s . \J
T]
~~
Appl i cat ion "prTcej seu on behalf
delt-geied o>".nunty.
I n c . , Inverness, Florida,
100 p e r c e n t of t h e v o t i n g
National Bank of Hernando
F l o r i d a , a proposed new
of t h e Board of Governors under
,t
- 1 0 VTSOMS OF THE BOARD - Continued
St.. t O i s
M e r c a n t i l e Bancorporation I n c . , S t . L o u i s , M i s s o u r i ,
f o r approval t o a c q u i r e up t o TOO percent of t h e
v o t i n g s h a r e s of Wright County Bank, H a r t v i l l e ,
Missouri. JJ
Dallas
Broadway B a n c s h a r e s , I n c . , San Antonio, Texas, f o r
approval t o a c q u i r e 100 percent of t h e v o t i n g shares
of Eisenhower National Bank, San A n t o n i o , Texas. 1/
*o Expand a Bank Holding Company Pursuant t o S e c t i o n
4 ( c ) ( 3 ) of t h e Bank Holding Company Act of 1956
New York
Approved
Chemical New Vork C o r p o r a t i o n , New York, New York, f o r
approval t o engage through i t s wholly-owned s u b s i d i a r y ,
Chemical Mortgage Company, Columbus, Ohio, in arranging
equity financing.
Chicago
P e r s i a Bancorp, i n c . , Woodbine, Iowa, f o r approval t o
engage in general i n s u r a n c e a c t i v i t i e s in a community
of l e s s than 5 , 0 0 0 , through Willard Insurance Agency,
P e r s i a , Iowa. J /
San
f ~at"
i - : . s t I n t e r s t a t e Bancorp, Los A n g e l e s , C a l i f o r n i a , f o r
a p p r o v a l t o r e t a i n through i t s wholly-owned d i r e c t
s u b s i d i a r y , F i r s t I n t e r s t a t e Mortgage Company, 100
percent of t h e v o t i n g s h a r e s of F i r s t I n t e r s t a t e
Mortgage Company of T e x a s , Houston, Texas. J J
Chicago
Richmond
T7
V
Delayed
A s s o c i a t e d Banc-Corp., Green Bay, Wisconsin, n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s (mortgage
banking) at 600 East Northland Avenue, Appleton,
W i s c o n s i n , t h e geographic s c o p e w i l l be t h e S t a t e
of W i s c o n s i n , through i t s s u b s i d i a r y , A s s o c i a t e d
Mortgage, Inc.
(6/28/83) 3/
Permitted
.lames Madison L i m i t e d , Washington, D. C . , n o t i f i c a t i o n
of i n t e n t to engage in de novo a c t i v i t i e s ( p r o v i d i n g
data p r o c e s s i n g and data t r a n s m i s s i o n s e r v i c e s ,
data b a s e s or f a c i l i t i e s [ i n c l u d i n g data p r o c e s s i n g
A p p l i c a t i o a n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated authority.
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, *903
f
5
- H ACTIONS OF THE BOARD - Continued
and d a t a t r a n s m i s s i o n h a r d w a r e , s o f t w a r e , documentation
and o p e r a t i n g p e r s o n n e l ] f o r t h e i n t e r n a l o p e r a t i o n of
t h e h o l d i n g company o r i t s s u b s i d i a r i e s ; p r o v i d i n g t o
o t h e r s d a t a p r o c e s s i n g and t r a n s m i s s i o n s e r v i c e s ,
f a c i l i t i e s , d a t a bases or a c c e s s t o such s e r v i c e s ,
f a c i l i t i e s or d a t a b a s e s by any t e c h n o l o g i c a l l y
f e a s i b l e means; and p r o v i d i n g s o f t w a r e b y - p r o d u c t s
of p e r m i s s i b l e data p r o c e s s i n g and t r a n s m i s s i o n
a c t i v i t i e s ) a t 1730 M S t r e e t , N.W., Washington, D. C . ,
through a s u b s i d i a r y , JML Communications, I n c .
( 6 / 2 7 / 8 3 ) 3/
Richmond
James Madison L i m i t e d , Washington, D. C . , n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s ( l e a s i n g
r e a l and p e r s o n a l p r o p e r t y and a c t i n g as a g e n t , b r o k e r
o r a d v i s e r in l e a s i n g such p r o p e r t y where t h e l e a s e
i s t o s e r v e as t h e f u n c t i o n a l e q u i v a l e n t of an
e x t e n s i o n of c r e d i t and i s on a n o n o p e r a t i n g b a s i s )
a t 1730 M S t r e e t , rr.W., Washington, D. C . , t h r o u g h
i t s s u b s i d i a r y , James Madison Leasing C o r p o r a t i o n
( 6 / 2 7 / 8 3 ) 3/
Richmond
Northwestern F i n a n c i a l C o r p o r a t i o n , North Wilkesboro,
North C a r o l i n a , n o t i f i c a t i o n of i n t e n t t o engage
in de novo a c t i v i t i e s (making, a c q u i r i n g , and
s e r v i c i n g f i r s t mortgage l o a n s such as would be
made by a mortgage banking company) a t Highway 421,
C a r o l i n a Beach, North C a r o l i n a , through i t s s u b s i d i a r y , Northwestern Mortgage C o r p o r a t i o n
( 7 / 2 / 8 3 ) 3/
Richmond
3/
~~
South C a r o l i n a National C o r p o r a t i o n , Columbia, South
C a r o l i n a , n o t i f i c a t i o n of i n t e n t t o engage in
de novo a c t i v i t i e s ( p r o v i d i n g consumer f i n a n c e
a c t i v i t i e s i n c l u d i n g t h e e x t e n s i o n of d i r e c t 1oans
t o consumers, t h e d i s c o u n t of r e t a i l and i n s t a l l m e n t
n o t e s or c o n t r a c t s , s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t f o r t h e account of o t h e r s , and
a c t i n g as agent f o r s a l e of c r e d i t l i f e and c r e d i t
a c c i d e n t and h e a l t h , and p r o p e r t y i n s u r a n c e d i r e c t l y
r e l a t e d t o i t s e x t e n s i o n s of c r e d i t ) a t 117 Vance
S t r e e t , C l i n t o n , North C a r o l i n a , through i t s subs i d i a r y , Provident Financial Corporation (7/1/83) V
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 26
-
12 -
ACTIONS OF THE BOARD - Continued
Mi n n e a p o l i s
F i r s t Bank System, I n c . , Minneapolis, Minnesota,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( i n d a t a processing and p r o c e s s i n g banking and
f i n a n c i a l data in accordance with t h e Board's
R e g u l a t i o n Y) s e r v i n g t h e c o n t i n e n t a l United S t a t e s
from o f f i c e s l o c a t e d in Milwaukee and West A 1 l i s ,
Wisconsin, through i t s s u b s i d i a r y , F i r s t Data Proc e s s i n g , Inc. ( 6 / 2 7 / 8 3 ) 3/
Mi rmeapoli s
F i r s t Bank System, I n c . , Minneapolis, Minnesota,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( i n a c q u i r i n g d i r e c t l y or i n d i r e c t l y 1 oans or o t h e r
e x t e n s i o n s of c r e d i t and s e r v i c i n g t h e s e loans and
c r e d i t s ) serving t h e United S t a t e s and would be p e r formed from o f f i c e s l o c a t e d in Minneapolis, Minnesota,
through i t s s u b s i d i a r y , FBS Asset Management, I n c .
( 6 / 2 7 / 8 3 ) 3/
Kansas C i t y
Central of Kansas, I n c . , J u n c t i o n C i t y , Kansas, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
(consumer and commercial f i n a n c e a c t i v i t i e s , i n c l u d i n g
t h e e x t e n s i o n of d i r e c t loans f o r t h e purchase of
consumer goods, t h e extension of loans f o r home
improvements, t h e discount of r e t a i l and i n s t a l l m e n t
n o t e s or c o n t r a c t s , t h e purchase of r e t a i l and
i n s t a l l m e n t notes or c o n t r a c t s ; and a c t i n g as an
agent for the s a l e of l i f e , a c c i d e n t , and h e a l t h
and p h y s i c a l damage i n s u r a n c e d i r e c t l y r e l a t e d
t o i t s e x t e n s i o n of c r e d i t ) t h e s e a c t i v i t i e s would
be conducted in North Central Kansas, i n c l u d i n g
Geary County, Kansas, t h e contiguous c o u n t i e s and
t h e F o r t Riley M i l i t a r y R e s e r v a t i o n , through i t s
s u b s i d i a r y , Central of Kansas F i n a n c e , I n c . ( 6 / 2 7 / 8 3 ) 3/
Dal las
F i r s t Amarillo B a n c o r p o r a t i o n , I n c . , A m a r i l l o , Texas,
n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s
( t o provide t o o t h e r s f i n a n c i a l mortgage, banking,
and economic data processing and transmi s s i o n s e r v i c e s
p u r s u a n t t o a w r i t t e n agreement so d e s c r i bi ng and
l i m i t i n g t h e s e r v i c e s ) t h e s e a c t i v i t i e s would be p e r formed both from i t s main o f f i c e i n A m a r i l l o , Texas
and remote l o c a t i o n s in Lamar, Colorado, Lubbock,
Texas, P e r r y t o n , Texas, and Quannah, Texas, through
i t s s u b s i d i a r y , Western Data C e n t e r s , I n c . ( 7 / 1 / 8 3 ) 3/
3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 26
- 13 ACTIONS OF THE BOARD - Continued
Dallas
Mercantile Texas Corporation, D a l l a s , Texas, n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s (in making
or acquiring and s e r v i c i n g loans and other e x t e n s i o n s
of c r e d i t such as would be made by a mortgage company)
t h e s e a c t i v i t i e s would be performed in the s t a t e s of
Texas, Oklahoma, Arkansas, Louisiana and New Mexico,
through i t s s u b s i d i a r y , MPACT Mortgage Company
( 7 / 2 / 8 3 ) 3/
Dallas
Texas Commerce Bancshares, I n c . , Houston, Texas,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( i n acquiring and l e a s i n g real and personal property
as provided for in 12 CFR 2 2 5 . 4 ( a ) ( 6 ) ( i ) and ( i i ) )
throughout the Gulf Coast a r e a , p r i n c i p a l l y , and,
from time t o t i m e , in other a r e a s , p o t e n t i a l l y worldwide, i n Harris County, Texas, through the e s t a b l i s h ment of a wholly-owned s u b s i d i a r y , Texas Commerce
Bancshares Leasing Company ( 7 / 1 / 8 3 ) J3/
San
Francisco
BankAmerica Corporation, San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
(making or acquiring for i t s own account loans and
other e x t e n s i o n s of c r e d i t such as would be made or
acquired by a f i n a n c e company, s e r v i c i n g loans and
other e x t e n s i o n s of c r e d i t ; and o f f e r i n g c r e d i t r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident
and h e a l t h insurance; the aforementioned types of
c r e d i t - r e l a t e d insurance are p e r m i s s i b l e under
S e c t i o n 4 ( c ) ( 8 ) ( A ) of the Bank Holding Company
Act of 1956, as amended by the Garn-St. Germain
Depository I n s t i t u t i o n s Act of 1982; c r e d i t r e l a t e d property insurance w i l l not be o f f e r e d ;
such a c t i v i t i e s w i l l i n c l u d e , but not be limited
t o , making loans or other e x t e n s i o n s of c r e d i t
secured by f i r s t l i e n s on r e s i d e n t i a l real property,
by f i r s t l i e n s on stock in a r e s i d e n t i a l cooperative
housing corporation where t h e l o a n , mortgage, or
advance i s used t o f i n a n c e the a c q u i s i t i o n of such
s t o c k , or by a f i r s t l i e n on a r e s i d e n t i a l manufactured home, and o f f e r i n g c r e d i t - r e l a t e d l i f e and
c r e d i t - r e l a t e d a c c i d e n t and health insurance d i r e c t l y
r e l a t e d t o e x t e n s i o n s of c r e d i t made or acquired by
FinanceAmerica Credit Corporation) in Syracuse and
Valley Stream, New York, each s e r v i n g the e n t i r e
s t a t e of New York, through i t s i n d i r e c t s u b s i d i a r y ,
FinanceAmerica Credit Corporation (a Delaware
corporation) ( 7 / 2 / 8 3 ) 3/
3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H./.
No. Zb
- 1 4 ACTIONS OF THE BOARD - Continued
San
Francisco
BankAmerica Corporation* San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o expand de novo a c t i v i t i e s
(making or acquiring f o r i t s own account loans and
other e x t e n s i o n s of c r e d i t such as would be made
or acquired by a f i n a n c e company; s e r v i c i n g loans and
other e x t e n s i o n s of c r e d i t ; $nd o f f e r i n g c r e d i t r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident
and h e a l t h insurance; the aforementioned types of
c r e d i t - r e l a t e d insurance are p e r m i s s i b l e under
S e c t i o n 4 ( c ) ( 8 ) ( A ) of the Bank Holding Company Act
of 1956, as amended by the Garn-St. Germain Depository
I n s t i t u t i o n s Act of 1982; c r e d i t - r e l a t e d property
insurance w i l l not be o f f e r e d ; such a c t i v i t i e s w i l l
i n c l u d e , but not be l i m i t e d t o , making consumer
i n s t a l l m e n t l o a n s , purchasing i n s t a l l m e n t s a l e s
f i n a n c e c o n t r a c t s , making loans and other e x t e n s i o n s
of c r e d i t t o b u s i n e s s e s , making loans and other
e x t e n s i o n s of c r e d i t secured by real and personal
property, and o f f e r i n g c r e d i t - r e l a t e d l i f e and
c r e d i t - r e l a t e d a c c i d e n t and h e a l t h insurance d i r e c t l y
r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d by
FinanceAmerica C o r p o r a t i o n ; c r e d i t - r e l a t e d l i f e and
c r e d i t - r e l a t e d accident and h e a l t h i n s u r a n c e may be
reinsured by BA Insurance Company, I n c . , an a f f i l i a t e
of FinanceAmerica Corporation) at 5198 S. Broadway,
Englewood, Colorado, s e r v i n g the e n t i r e s t a t e of
Colorado, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Corporation (a Colorado corporation) ( 7 / 1 / 8 3 ) 3/
San
f rancisco
BankAmerica Corporation, San F r a n c i s c o , C a l i f o r n i a , f o r
approval to expand the a c t i v i t i e s of i t s e x i s t i n g subs i d i a r y , BA A p p r a i s a l s , I n c . , t o i n c l u d e p e r f o r m i n g
construction analysis services.
( 7 / 2 / 8 3 ) 3/
San
Francisco
BankAmerica Corporation, San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( i n the a c t i v i t i e s of s e c u r i t i e s brokerage, cons i s t i n g p r i n c i p a l l y of buying and s e l l i n g s e c u r i t i e s
s o l e l y upon the order and f o r the account of customers,
and of extending margin c r e d i t in conformity with
Regulation T) at 5021 C a l i f o r n i a Avenue, S u i t e 100,
B a k e r s f i e l d ; 1011 Van Ness Avenue, S u i t e 100, F r e s n o ;
1021
S t r e e t , S u i t e 200, Modesto and 1546 March
Lane, S t . Marks P l a z a , S u i t e 100, Stockton, a l l
lo ca ted in C a l i f o r n i a and 120 Broadway, S u i t e 1750,
New York, New York, serving a l l f i f t y S t a t e s and
37
~
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
ig<''3 Vs. 26
• 15 •
ACTIONS OF THE BOARD - Continued
the D i s t r i c t of Columbia, through i t s i n d i r e c t subs i d i a r y , Charles Schwab & C o . , Inc. ( 6 / 2 7 / 8 3 ) 3/
San
Francisco
17
F i r s t S e c u r i t y Corporation, S a l t Lake C i t y , Utah,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( i n o f f e r i n g t h r i f t s a v i n g s accounts and t h r i f t
c e r t i f i c a t e s ; engaging in the business of making
consumer, b u s i n e s s and mortgage l o a n s ; engaging in
the b u s i n e s s of l e a s i n g f i n a n c i n g ; t o engage in the
a c t i v i t i e s as an agent of s e l l i n g c r e d i t l i f e and
c r e d i t d i s a b i l i t y insurance r e l a t e d t o e x t e n s i o n s
of c r e d i t , where t h e insurance i s l i m i t e d to assuring
repayment of the outstanding balance due on a s p e c i f i c
e x t e n s i o n of c r e d i t i n t h e event of death, d i s a b i l i t y
or involuntary unemployment of the debtor, pursuant
t o S e c t i o n 601(A) of the Garn-St. Germain Depository
I n s t i t u t i o n s Act o f 1982) at 8952 South Redwood Road,
West Jordan, S a l t Lake County, Utah, t h e o f f i c e w i l l
s e r v e t h e southwestern portion of S a l t Lake County,
Utah, through i t s s u b s i d i a r y , F i r s t Security Financial
( 6 / 2 8 / 8 3 ) 3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 No. 26
- 16 APPLICATIONS RECEIVED
To Merge Pursuant t o Section 18(c)
of the Federal Reserve Act
Cleveland
The S t a t e Bank 8 Trust Company, D e f i a n c e , Ohio, t o
merge with Defiance Interim Bank, D e f i a n c e , Ohio. 2/
*
*
*
*
*
To E s t a b l i s h a Domestic Branch Pursuant
t o S e c t i o n 9 of the Federal Reserve Act
Richmond
Bank of V i r g i n i a , Richmond, V i r g i n i a . To e s t a b l i s h an
e l e c t r o n i c funds t r a n s f e r f a c i l i t y a t 333 Waterside
D r i v e , Norfolk, V i r g i n i a . 2/
Chicago
C i t i z e n s Bank, Sheboygan, Wisconsin. To e s t a b l i s h
an EFT at Rural Route 1 , Highway 23 E a s t , Plymouth,
Wisconsin. 2/
Chicago
Comerica Bank-Detroit, D e t r o i t , Michigan. To e s t a b l i s h
an EFT at 4177 Orchard Lake Road, Orchard Lake,
Michigan. 2J
*
*
*
*
*
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
I n v e s t m e n t s and Other Actions P u r s u a n t t o S e c t i o n s
25 and 2 5 ( a ) of t h e Federal Reserve Act and S e c t i o n s
4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company
Act of 1956, as amended
Philadelphia
P h i l a d e l p h i a I n t e r n a t i o n a l Bank, P h i l a d e l p h i a , P e n n s y l v a n i a : p r i o r n o t i f i c a t i o n of i t s i n t e n t to e s t a b l i s h
a branch in B a l t i m o r e , Maryland.
*
2/
*
*
*
*
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983 No. 26
17 APPLICATIONS RECEIVED - Continued
To Form a Bank Holding Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Philadelphia
Lake Ariel Bancorp, I n c . , Lake A r i e l , P e n n s y l v a n i a ,
f o r approval t o a q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of The F i r s t National Bank of Lake A r i e l , Lake
A r i e l , P e n n s y l v a n i a . J2/
Cleveland
Cumberland Valley F i n a n c i a l C o r p o r a t i o n , London, Kentucky,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Cumberland Valley National Bank &
T r u s t Company, London, Kentucky. 2/
Cleveland
Rurban F i n a n c i a l C o r p . , D e f i a n c e , Ohio, f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
The S t a t e Bank and T r u s t Company, D e f i a n c e , Ohio
and The Peoples Banking Company, McComb, Ohio. jV
Ri chmond
C i t i z e n s T r u s t Company, P o r t s m o u t h , V i r g i n i a , f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of t h e s u c c e s s o r by merger t o C i t i z e n s
T r u s t Bank, P o r t s m o u t h , V i r g i n i a . J2/
Richmond
Old National Bancorp, I n c . M a r t i n s b u r g , West
V i r g i n i a , f o r approval t o a c q u i r e 100 p e r c e n t
of t h e v o t i n g s h a r e s of t h e Old National Bank
of Marti n s b u r g , M a r t i n s b u r g , West V i r g i n i a , j?/
Atlanta
Cypress Banks, I n c . , Wesley Chapel, F l o r i d a , f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of F i r s t National Bank of t h e South,
Wesley Chapel, F l o r i d a , a proposed new bank. 2/
Atlanta
FCB C o r p o r a t i o n , M a n c h e s t e r , T e n n e s s e e , f o r approval
t o a c q u i r e 80 p e r c e n t or more of t h e v o t i n g
s h a r e s of The F i r s t National Bank of Manchester,
M a n c h e s t e r , Tennessee, j?/
Chicago
E l k h a r t Banc S h a r e s , I n c . , E l k h a r t , I I l i n o i s , f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e s u c c e s s o r
by merger t o E l k h a r t Community Bank, E l k h a r t ,
IIlinois. 2/
Chicago
Luana B a n c o r p o r a t i o n , Luana, Iowa, f o r approval t o
a c q u i r e 80 p e r c e n t or more of t h e v o t i n g s h a r e s
of Luana Savings Bank, Luana, Iowa. 2/
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
H.2, 1983 No. 26
- 1 8 -
APPLICATIONS RECEIVED - Continued
Chicago
Old O'Brien Banc S h a r e s , I n c . , S u t h e r l a n d , Iowa, f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of S e c u r i t y S t a t e Bank, S u t h e r l a n d ,
Iowa.
S t . Louis
DeWitt F i r s t Bankshares C o r p o r a t i o n , DeWitt,
A r k a n s a s , f o r approval t o a c q u i r e a t l e a s t 80
p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t
National Bank of DeWitt, DeWitt, Arkansas, 2/
S t . Louis
LIBSAB Bancorp, I n c . , M a y f i e l d , Kentucky, f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e
s u c c e s s o r by merger t o L i b e r t y Savings Bank, M a y f i e l d ,
Kentucky. 2/
Kansas C i t y
American Banc C o r p o r a t i o n , Fremont, Nebraska,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of American National Bank of Fremont,
Fremont, Nebraska. 2J
Kansas C i t y
Grand Lake Bancorp, I n c o r p o r a t e d , Grove, Oklahoma,
f o r approval t o a c q u i r e a t l e a s t 94 p e r c e n t of
t h e v o t i n g s h a r e s of Grand Lake Bank, Grove,
Oklahoma. 2/
Kansas C i t y
United B a n c s h a r e s , I n c . , L i n c o l n , Nebraska, f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of Gateway Bank & T r u s t Company,
L i n c o l n , Nebraska. 2/
Dal l a s
Waxahachie B a n c s h a r e s , I n c . , Waxahachie, Texas, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of F i r s t National Bank of Waxahachie,
Waxahachie, Texas. 2 /
To Expand a Bank Holding Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
Richmond
7J
One Valley Bancorp of West V i r g i n i a , I n c . ,
C h a r l e s t o n , West V i r g i n i a f o r approval t o a c q u i r e
100 p e r c e n t of t h e v o t i n g s h a r e s of Mercer County
Bank, P r i n c e t o n , West V i r g i n i a . 2/
A p p l i c a t i o n s u b j e c t t o Community Reinvestment A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as to t h e l e n g t h of t h e comment p e r i o d .
H.2,
.0. 26
-19APPLICATIONS RECEIVED - Continued
hnond
cf mond
Piedmont BankGroup Incorporated, M a r t i n s v i l l e ,
V i r g i n i a , f o r approval t o acquire 105,439 s h a r e s
of the voting shares of t h e s u c c e s s o r by merger
t o The Community Bank of F o r e s t , F o r e s t , V i r g i n i a . 2/
Princeton Banc Holding Company, Princeton, West
V i r g i n i a , f o r approval t o acquire at l e a s t 52
percent of t h e voting shares of The C a s t l e Rock
Bank of P i n e v i 1 ! e , P i n e v i l l e , West V i r g i n i a . 2/
Atlanta
Bank South Corporation, A t l a n t a , Georgia, for
approval t o acquire 5.01 percent of the voting
s h a r e s of Georgia Bancshares, I n c . , Macon,
Georgia i n d i r e c t l y acquiring Georgia Bank and
Trust C o . , Macon, Farmers National Bank of
M o n t i c e l l o , M o n t i c e l l o , F i r s t National Bank of
Houston C i t y , Perry, a l l in Georgia. 2/
Atlanta
Sun Banks of F l o r i d a , I n c . , Orlando, F l o r i d a , f o r
approval t o acquire 100 percent of t h e v o t i n g
shares of Port Charlotte Bank and T r u s t Company,
Port C h a r l o t t e , F l o r i d a , j?/
Chicago
Hawkeye Bancorporation, Des Moines, Iowa, for approval
to acquire 100 percent of the voting shares of
Tipton Co., I n c . , Tipton, Iowa, and i n d i r e c t l y
5 0 . 0 3 percent and d i r e c t l y up to 49.97 percent
of t h e v o t i n g shares of Tipton State Bank, Tipton,
Iowa. 2 /
Chicago
Tonica Bancorp, I n c . , Tonica, I l l i n o i s , f o r approval
to acquire 80 percent of t h e voting shares of The
Farmers S t a t e Bank of Lostant, Lostant, I l l i n o i s . 2J
S t . Louis
F i r s t Arkansas Bankstock Corporation, L i t t l e Rock,
Arkansas, f o r approval t o acquire 100 p e r c e n t
of the voting shares of the s u c c e s s o r by merger
t o F i r s t National Bank of Camden, Camden, Arkansas. 2/
Minneapolis
Poplar Insurance Agency, I n c . , P o p l a r , Montana, f o r
approval t o a c q u i r e a t l e a s t 93 p e r c e n t of t h e v o t i n g
s h a r e s of The C i t i z e n s S t a t e Bank of Scobey,
Scobey, Montana. 2/
2/
Applicatioan s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o the length of t h e comment p e r i o d .
H.?, 1983 No. 2fi
-
20 -
APPLICATIONS RECEIVED - Continued
Kansas C i t y
Colorado Springs Banking Corporation, Colorado
Springs, Colorado, for approval to a c q u i r e a t
l e a s t 80 percent of the voting s h a r e s of
C i t i z e n s National Bank, Colorado S p r i n g s , Colorado. 2/
Kansas C i t y
United Missouri Bancshares, I n c . , Kansas C i t y ,
M i s s o u r i , f o r approval t o acquire a t l e a s t 82.89
percent of t h e v o t i n g shares of Nodaway Valley
Bank, M a r y v i l l e , Missouri. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
hoSion
F l e e t Financial Group, I n c . , Providence, Rhode
I s l a n d , n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( { 1 ) consumer f i n a n c e ; ( i i ) insurance
agency f o r t h e s a l e of c r e d i t l i f e and c r e d i t
a c c i d e n t and h e a l t h insurance r e l a t e d t o an e x t e n s i o n
of c r e d i t ) at 10640 North 28th Drive, Phoenix,
Arizona, t h e s e r v i c e area w i l l be the State of
Arizona, through i t s d i r e c t s u b s i d i a r y , F l e e t
Mortgage Corp. ( 6 / 2 8 / 8 3 )
Boston
F l e e t Financial Group, I n c . , P r o v i d e n c e , Rhode
I s l a n d , n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( ( i ) t h e o r i g i n a t i o n and s a l e of
r e s i d e n t i a l and commercial mortgage loans and
( i i ) the s e r v i c i n g of r e s i d e n t i a l and commercial
mortgage l o a n s ) at 260 Cochituate Road, Framingham,
Massachusetts, serving Berkshire, Franklin,
Hampden, Hampshire, Norfolk, Middlesex and
Worcester Counties in Massachusetts, through
i t s d i r e c t s u b s i d i a r y , F l e e t Mortgage Corp.
(6/27/83)
New York
C i t i c o r p , New York, New York, requests permission
to e s t a b l i s h a de novo o f f i c e engaging in the
f o l l o w i n g a c t i v i t i e s ( t h e making or acquiring of
loans and other e x t e n s i o n s of c r e d i t , secured
or unsecured, f o r consumer and other purposes;
the s a l e of c r e d i t - r e l a t e d l i f e and accident
and h e a l t h insurance by l i c e n s e d agents or brokers,
as required; the s a l e of consumer o r i e n t e d
f i n a n c i a l management c o u r s e s ; the s e r v i c i n g , f o r
2/
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted
as to the length of the comment p e r i o d .
4r
- Continued
j f y p e r s o n , of l o a n s and o t h e r e x t e n s i o n s of
, r e d ; i , t h e making, a c q u i r i n g , and s e r v i c i n g ,
f.r
own account and f o r t h e ^ . c o u n t of o t h e r s ,
^ e x t e n s i o n s of c r e d i t t o i n d i v i i u a l s secured
'
l i c u s cn r e s i d e n t i a l or n o n - r e s i d e n t i a l
rea" e s t a t e ; and t h e s a l e of moniiaye l i f e and
ort^dge d i s a b i l i t y insurance d i r e c t l y related
t o e x t e n s i o n s of mortgage l o a n s ) a t J e f f e r s o n
: ] a z a , 1*0 South J e f f e r s o n Road, Whippany, New
through i t s s u b s i d i a r i e s * C i t i c o r p
Homeowners, I n c . and C i t i c o r p P e r s o n - t o - P e r s o n
Financial Center, Inc. (6/3/83)
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n
t o expand t h e a c t i v i t i e s t o i n c l u d e t h e f o l l o w i n g
a c t i v i t i e s ( c r e d i t card a c t i v i t i e s , i n c l u d i n g
t h e i s s u a n c e of t h e c r e d i t c a r d t o customers and
t h e s e r v i c i n g f o r i t s own account of t h e c r e d i t
card a c c o u n t s r e c e i v a b l e ; t h e s o l i c i t i n g of
m e r c h a n t s t o p a r t i c i p a t e in t h e c r e d i t card
program so t h a t merchants w i l l a c c e p t t h e c r e d i t
c a r d from c u s t o m e r s ) a t 14109 E. E x p o s i t i o n ,
Aurora, C o l o r a d o , t h r o u g h t i t s s u b s i d i a r y , C i t i c o r p
P e r s o n s - t o - P e r s o n Aurora I n d u s t r i a l Bank ( 7 / 1 / 8 3 )
F i r s t National S t a t e B a n c o r p o r a t i o n , Newark, New
J e r s e y , r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a de novo
o f f i c e engaging i n t h e f o l l o w i n g a c t i v i t i e s ~ T t h e
s o l i c i t a t i o n of t r u s t customers f o r a n o n - d e p o s i t o r y
National T r u s t Company s u b s i d i a r y of t h e a p p l i c a n t )
a t 550 Broad S t r e e t , Newark, New J e r s e y ; 1775
N.E. F i f t h Avenue, Boca Raton, F l o r i d a ; 50 N.E.
F i f t h Avenue, Del ray Beach, F l o r i d a ; 19 South
D i x i e Highway, Lake Worth, F l o r i d a ; 1635 Tampa
S t r e e t , Tampa, F l o r i d a ; 623 U.S. HWY 19 North,
P.O. Box 8 , New Port R i c h e y , F l o r i d a ; 1620 N.
U.S. 1, P.O. Box 1605, J u p i t e r , F l o r i d a ; 215
E. C o l o n i a l D r i v e , P.O. Box 1967, Orlando,
F l o r i d a ; 606 Chestnut S t . , P.O. Box 2729, C l e a r w a t e r , F l o r i d a and 112 West Indiana Avenue, P.O.
Box 909, Dedland, F l o r i d a , through i t s s u b s i d i a r y ,
F i r s t National S t a t e F i n a n c i a l S e r v i c e s C o r p o r a t i o n
(6/27/83)
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New
York, r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a de novo
o f f i c e engaging in t h e f o l l o w i n g a c t i v i t i e s
(consumer f i n a n c e , i n c l u d i n g , but not l i m i t e d t o ,
t h e e x t e n s i o n of d i r e c t l o a n s , secured or uns e c u r e d , t o consumers and t h e purchase of s a l e s
H.2, 1983 No. 26
- 22 APPLICATIONS RECEIVED - Continued
f i n a n c e c o n t r a c t s ; s e r v i c i n g such loans and o t h e r
e x t e n s i o n s of c r e d i t ; and a c t i n g as agent or broker
f o r t h e s a l e of s i n g l e and j o i n t c r e d i t l i f e
i n s u r a n c e and d e c r e a s i n g or l e v e l term [ i n t h e
c a s e of s i n g l e payment l o a n s ] c r e d i t l i f e i n s u r a n c e ,
and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y
r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d
by Finance One) a t 1681 Crown Avenue, L a n c a s t e r ,
P e n n s y l v a n i a , t h r o u g h i t s s u b s i d i a r y , Finance One
Consumer Discount Company, I n c .
(6/28/83)
Richmond
Maryland National C o r p o r a t i o n , B a l t i m o r e , Maryland,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
(engaging g e n e r a l l y in t h e b u s i n e s s W l e a s i n g
p e r s o n a l p r o p e r t y i n c l u d i n g but not l i m i t e d t o ,
t h e l e a s i n g of v a r i o u s t y p e s of equipment, machinery,
v e h i c l e s , t r a n s p o r t a t i o n equipment, and d a t a p r o c e s s i n g equipment and i n c l u d i n g c o n d i t i o n a l s a l e s
c o n t r a c t s and c h a t t e l m o r t g a g e s ) where t h e
l e a s e i s t h e f u n c t i o n a l e q u i v a l e n t of an e x t e n s i o n
of c r e d i t ; o r i g i n a t i n g and s e r v i c i n g personal
p r o p e r t y l e a s e s as p r i n c i p a l or a g e n t ; b u y i n g ,
s e l l i n g and o t h e r w i s e d e a l i n g in p e r s o n a l p r o p e r t y
c o n t r a c t s as p r i n c i p a l or a g e n t ; a c t i n g as a d v i s o r
in p e r s o n a l p r o p e r t y l e a s i n g t r a n s a c t i o n s ; engaging
in t h e s a l e , as agent or b r o k e r , of i n s u r a n c e
s i m i l a r in form and i n t e n t t o c r e d i t l i f e a n d / o r
mortgage redemption i n s u r a n c e ; engaging g e n e r a l l y
in t h e b u s i n e s s of l e a s i n g r e a l p r o p e r t y where t h e
l e a s e i s t h e f u n c t i o n a l e q u i v a l e n t of an e x t e n s i o n
of c r e d i t ; o r i g i n a t i n g r e a l p r o p e r t y l e a s e s as
p r i n c i p a l or a g e n t ; s e r v i c i n g r e a l p r o p e r t y l e a s e s
f o r a f f i l i a t e d or n o n a f f i l i a t e d i n d i v i d u a l s ,
p a r t n e r s h i p s , c o r p o r a t i o n s or o t h e r e n t i t i e s ;
b u y i n g , s e l l i n g and o t h e r w i s e d e a l i n g in r e a l
p r o p e r t y l e a s e s as p r i n c i p a l , agent or b r o k e r ;
a c t i n g as a d v i s o r in real p r o p e r t y l e a s i n g
t r a n s a c t i o n s ; engaging g e n e r a l l y in commercial
l e n d i n g o p e r a t i o n s i n c l u d i n g , but not l i m i t e d t o ,
s e c u r e d and unsecured commercial l o a n s and o t h e r
e x t e n s i o n s of c r e d i t t o commercial e n t e r p r i s e s ;
and a c t i n g as a d v i s o r or b r o k e r in commercial
l e n d i n g t r a n s a c t i o n s ) a t 3532 Habersham a t Northl a k e , S u i t e A, A t l a n t a , G e o r g i a , through i t s subs i d i a r y , Maryland National Leasing C o r p o r a t i o n
(6/27/83)
H.2, 1983 No. 26
?3 APPLICATIONS RECEIVED - Continued
Atlanta
Cen-La B a n c s h a r e s , I n c . , M a r k s v i l i e , L o u i s i a n a
and Mansura B a n c s h a r e s , I n c . , Mansura, L o u i s i a n a ,
f o r approval t o engage de novo in a g r i c u l t u r a l
lending through a s u b s i d i a r y known as Avoylees
Credit Corporation, Marksvilie, Louisiana.
Chicago
American F l e t c h e r C o r p o r a t i o n , I n d i a n a p o l i s , I n d i a n a ,
f o r approval t o engage de novo through i t s e x i s t i n g
s u b s i d i a r y , American F l e t c h e r Mortgage Company,
I n c . , I n d i a n a p o l i s , I n d i a n a , in a r r a n g i n g e q u i t y
f i n a n c i n g f o r commercial and i n d u s t r i a l incomeproducing r e a l e s t a t e i n v e s t o r s .
Kansas C i t y
IntraWest F i n a n c i a l C o r p o r a t i o n , Denver, C o l o r a d o ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( i n t h e o r i g i n a t i o n of VA, FHA and
Conventional mortgage loans as well as real e s t a t e
commercial and c o n s t r u c t i o n loan a c t i v i t i e s as
would be made by a mortgage banking company) t h e s e
a c t i v i t i e s would be performed in t h e s t a t e of
Colorado and more p a r t i c u l a r l y in t h e s o u t h e a s t
q u a d r a n t of t h e Denver, Colorado m e t r o p o l i t a n a r e a
as well as in L i t t l e t o n , C o l o r a d o , through i t s
s u b s i d i a r y , IntraWest Mortgage Company ( 6 / 7 / 8 3 )
Kansas City
L i b e r t y National C o r p o r a t i o n , Oklahoma C i t y , Oklahoma,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( i n real e s t a t e c o n s t r u c t i o n f i n a n c i n g
in Tulsa and t h r o u g h o u t t h e s t a t e of Oklahoma)
through i t s s u b s i d i a r y , L i b e r t y F i n a n c i a l C o r p o r a t i o n
(6/27/83)
Dallas
Northwest Bancshares of L o u i s i a n a , I n c . , M a n s f i e l d ,
L o u i s i a n a , n o t i f i c a t i o n of i n t e n t t o engage in
de novo a c t i v i t i e s ( i n a c t i n g as agent in p r o v i d i n g
c r e d i t l i f e i n s u r a n c e which i s d i r e c t l y r e l a t e d t o
e x t e n s i o n s of c r e d i t by i t s s u b s i d i a r y , F i r s t
National Bank in M a n s f i e l d ) a t 100 Polk S t r e e t ,
M a n s f i e l d , L o u i s i a n a , s e r v i n g t h e market a r e a
i n c l u d i n g DeSoto, S a b i n e , Red River and Caddo
Parishes (6/30/83)
H.2, 1983 No. 26
- 2 4 APPLICATONS RECEIVED - Continued
ban
Francisco
BankAmerica Corporation, San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t to engage in de novo
a c t i v i t i e s ( i n the a c t i v i t i e s of s e c u r i t i e s b r o k e r a g e ,
c o n s i s t i n g p r i n c i p a l l y of buying and s e l l i n g s e c u r i t i e s
s o l e l y upon the order and f o r the account of c u s t o m e r s ,
and of e x t e n d i n g margin c r e d i t in c o n f o r m i t y with
Regulation T) at 800 El Camino R e a l , Menlo P a r k ,
C a l i f o r n i a and One Walnut Creek Center, Walnut
C r e e k , C a l i f o r n i a , serving a l l f i f t y s t a t e s and t h e
D i s t r i c t of Columbia, through i t s i n d i r e c t s u b s i d i a r y ,
Charles Schwab & Co., I n c . ( 6 / 2 9 / 8 3 )
San
Francisco
F i r s t I n t e r s t a t e Bancorp, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( i n mortgage company a c t i v i t i e s t o tTie e x t e n t of
( i ) making o r a c q u i r i n g r e a l e s t a t e or c o n s t r u c t i o n
l o a n s f o r i t s own account or f o r t h e account of
o t h e r s ; ( i i ) s e l l i n g or s e r v i c i n g real e s t a t e or
c o n s t r u c t i o n l o a n s f o r i t s own account or f o r t h e
acco u n t of o t h e r s ; ( i i i ) p e r f o r m i n g a p p r a i s a l s of
r e a l e s t a t e ; ( i v ) c o n d u c t i n g such r e l a t e d a c t i v i t i e s
a s a r e i n c i d e n t a l t o t h e mortgage banking b u s i n e s s ;
and (v) a c t i n g as i n s u r a n c e agent or b r o k e r , as
p e r m i t t e d by s u b s e c t i o n (A) of S e c t i o n 601 of t h e
G a m - S t Germain D e p o s i t o r y I n s t i t u t i o n s Act of 1982,
w i t h r e s p e c t t o ( a ) c r e d i t l i f e and c r e d i t a c c i d e n t
and h e a l t h i n s u r a n c e , and (b) mortgage d i s a b i l i t y
and mortgage redemption i n s u r a n c e d i r e c t l y r e l a t e d t o
e x t e n s i o n s of c r e d i t or t h e p r o v i s i o n of o t h e r
f i n a n c i a l s e r v i c e s by F i r s t I n t e r s t a t e Bancorp or i t s
s u b s i d i a r i e s ) in D a l l a s , T e x a s , s e r v i n g D a l l a s and
t h e S t a t e of Texas, through i t s s u b s i d i a r y , F i r s t
I n t e r s t a t e Real E s t a t e S e r v i c e s Company, I n c .
(6/28/83)
San
Francisco
O r i e n t Bancorporation, San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ,
( i n g i v i n g i n v e s t m e n t or f i n a n c i a l a d v i c e , i n c l u d i n g
p o r t f o l i o i n v e s t m e n t a d v i c e and a d v i c e t o mortgage
o r r e a l e s t a t e i n v e s t m e n t t r u s t s ) a t 233 Sansome
S t r e e t , San F r a n c i s c o , C a l i f o r n i a , s e r v i n g t h e S t a t e
of C a l i f o r n i a ( 7 / 2 / 8 3 )
H . 2 , 1983 No. 26
- 25 APPLICATIONS RECEIVED - Continued
San
Francisco
Orient Bancorporation, San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
(making or acquiring and s e r v i c i n g mortgage loans f o r
I t s own account and f o r the account of o t h e r s ) at
233 Sansome S t r e e t , San F r a n c i s c o , C a l i f o r n i a ,
s e r v i n g t h e S t a t e of C a l i f o r n i a , through i t s subs i d i a r y , Orient Mortgage Corporation ( 7 / 2 / 8 3 )
San
Francisco
S e c u r i t y P a c i f i c Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
(making or a c q u i r i n g , f o r i t s own account or f o r the
account of o t h e r s , a s s e t based b u s i n e s s loans and
other commercial or i n d u s t r i a l loans and e x t e n s i o n s
of c r e d i t , such as would be made by a f a c t o r i n g ,
rediscount or commercial finance company and engaging
g e n e r a l l y in the f a c t o r i n g b u s i n e s s ) in Tampa, F l o r i d a ,
s e r v i n g t h e United S t a t e s , through i t s s u b s i d i a r y ,
S e c u r i t y P a c i f i c Business Credit Inc.
(6/30/83)
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Applicaton t o t h e Board of Governors of the Federal Reserve System
f o r Prior Approval of an A c q u i s i t i o n P u r s u a n t t o
S e c t i o n 5(b) of t h e Bank S e r v i c e Corporation A c t , as Amended
Atlanta
L o u i s i a n a National Bank, Baton Rouge, L o u i s i a n a ,
f o r approval t o engage in u n d e r w r i t i n g , as r e i n s u r e r ,
c r e d i t l i f e and a c c i d e n t and h e a l t h i n s u r a n c e t h r o u g h
a s u b s i d i a r y t o be known as L o u i s i a n a C r e d i t L i f e
Insurance Company, Phoenix, Arizona.
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REPORTS RECEIVED
Proxy Statement (Special Meeting) F i l e d Pursuant
To S e c t i o n 14(a) of t h e S e c u r i t i e s Exchange Act
Dearborn Bank and T r u s t Company
Dearborn, Michigan
PETITIONS FOR RULEMAKING
None.
@FedFRASER