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ANNOUNCEMENT, BY
BOARD OF GOVERNORS OF THg FEDERAL feESERVE SYSTEM
H.2
1971 No. 30
District

Applications and Reports Received or Acted on
During Week Ending July 24, 1971.

Date

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
The Southern Ohio Bank, Cincinnati, Ohio.

* * * * i< A

To Withdraw from Membership in the Federal Reserve
System Without a Six Month Notice as Prescribed by
Section 9 of the Federal Reserve Act
Received
10

The Hoxie State Bank, Hoxie, Kansas.
Approved

10




The Hoxie State Bank, Hoxie, Kansas.

1e *

* * * * *

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
The Connecticut Bank and Trust Company, Hartford,
Connecticut. Branch in Branhaven Plaza, corner
of West Main Street and Short Beach Road, Branford.
Manufacturers and Traders Trust Company, Buffalo,
New York. Branches at the following locations:
A,

The Niagara Mall, 6929 Williams Road,
Town of Wheat field, Niagara County?

30

^
B.

-2keceived (cont'd)
(public Accommodation office) approximately
660 feet to the southwest of the Branch to
be established at 6929 Williams Road,
Town of Wheatfield, Niagara County,

Citizens Bank of Monroe, Monroe, New York.
Branch on the southwest corner of the
intersection of Ramapo Street (Route 17M)
and Still Road, Village of Monroe, New York
Chemical Bank, New York, New York.
Branch in the immediate neighborhood of
the intersection of Jericho Turnpike and
Roslyn Road, Mineola* Nassau County.
Manufacturers Hanover Trust Company, New
York, New York, Branch in the immediate
neighborhood of Main Street (Railroad
Avenue) and Old Country Road, Village
of Mineola, Nassau County.
Marine Midland Bank-Northern, Watertown,
New York. Branch (public accommodation
office) at 140 Clinton Street, Watertown.
Manufacturers Hanover Trust Company, New
York, New York. Branch at 200 East Gun
Hill Road, southeast corner of Wayne
Avenue and East Gun Hill Road, Borough
of the Bronx, New York.
The First Pennsylvania Banking and Trust
Company, Bala Cynwyd, Pennsylvania.
Branch office on the-north side of
West Chester Pike, East of Five Points
Road, West Goshen Township, Chester County.
Metairie Bank and Trust Company, Metairie,
Louisiana. Branch at Veterans Boulevard
and David Drive, Metairie, to be
known as the David Drive Branch.
11

Southern Arizona Bank and Trust Company,
Tucson, Arizona". Relocate its BroadwayCountry Club Banking Center branch
presently located at 3052 East Broadway
to premises located at 3434 East Broadway
in Tucson.
Approval

1

estate Street Bank and Trust Company, Boston,
Mass. Branch at- £25 Congress Street, Boston.
Application approved by Reserve Bank on behalf of the Board of Governors
under delegated authority.




H. 2
No. 30

m

-3-

IP

Apprcval (continued)
1

*B.M.C. Durfee Trust Company, Fall River, Massachusetts.
Branch at 2 Main Street, Taunton, Massachusetts,

1

^Norfolk County Trust Company, Brookline, Massachusetts.
Branch on the east side of Route 1 in Westwood at the
Norwood Line in an office building to be constructed at
number 420 Providence Highway, Westwood.

2

*Broadway Bank & Trust Company, Paterson, New Jersey.
Branch in the vicinity of Paterson Avenue and Main
Street, Little Falls, New Jersey,

4

*The Savings and Trust Company of Indiana, Indiana
Pennsylvania. Branch at 539 West Rationing Street,
Punxsutawney, Jefferson County, Pennsylvania.

9

^Central Savings Bank, Sault Ste. Marie, Michigan.
Branch at Elizabeth Street De Tour Village Chippewa
County.
* * * * * * * *

To carry Reduced Reserves Pursuant to
Section 19 of the Federal Reserve Act
Received
11

The Village National Bank. Houston, Texas.
(Originally reported as The Vallage National Bank)
..Fidelity 3&nk national Association/' Dallas„ Texas
(Originally reported as being in Houston, Texas)
Approved

11

Fidelity Bank, National Association, Dallas, Texas.
To Establish an Overseas Branch of a Mem&gr Bank
Pursuant to Section 25 of the Federal Reserve Act
Received

12

United States National Bank, San Diego, California
Thirty Day Notice of Intention to Establish An
Additional Branch in a Foreign Country.
Approval -

2

First National City Bank, New York, New York.
* * * * * *

^.Application, approved by Reserve Bank on behalf of the Board of
Governors uncfer delegated authority.







To Form a Bank Holding Company Pursuant to
Section 3(a)(1) of the Bank Holding Company
Act of 1956
Received
United Carolina Bancshares Corporation, Whiteville, North
Carolina, for prior approval to acquire shares of
Cape Fear Bank & Trust Company, Fayetteville, North
Carolina
American Bancorporation, Inc., Kansas City, Missouri, for
prior approval to acquire shares of Linwood State Bank,
Kansas City, Missouri.
Plaza Bancshares, Inc., Kansas City, Missouri, for
prior approval to acquire the voting shares of
The Plaza Bank of Commerce, Kansas City, Missouri.
Approval
First Commercial Banks Inc., Albany, New York, for
prior approval to acquire 100 per cent of the
voting shares (less directors1 qualifying shares" of the
successor by merger to National Commercial Bank and
Trust Company, Albany, New York, and 100 per cent of
the voting shares of First Trust and Deposit Company,
Syracuse, New York.
* * * * * * * * * *

To Expand a Bank Holding Company Pursuant to
Section 3(a)(3) of the Bank Holding Company
Act of 1956
Received
Barnett Banks of Florida, Inc., Jacksonville, Florida,
for prior approval to acquire the voting shares of
American Bank of Ormond Beach, Ormond Beach, Florida.
T. G. Bancshares Co., St. Louis, Missouri, for prior
approval to acquire the voting shares of Continental
Bank and Trust Company, Richmond Heights, Missouri.
Northwest Bancorporation, Minneapolis, Minnesota, for prior
approval to acquire the voting shares of Farmers and
Merchants State Bank of Stillwater, Stillwater, Minnesota.
Mid America Bancorporation, Inc., St. Paul, Minnesota, for
prior approval to acquire shares of Mid American State
Bank of Mendota Heights, Mendota Heights, Minnesota,
Q proposed new bank.

H. 2
1971 No. 30
Approved
9

Bank Share Incorporated, Minneapolis, Minnesota, for prior
approval to acquire 80 per cent or more of the voting
shares of Olmsted County Bank and Trust Company,
Rochester, Minnesota.
* iV *

* *

By a Bank Holding Company Pursuant to Section
4 (c)(8) of the Bank Holding Company Act of 1956
Received
1

First National Boston Corporation, Boston,
7-23-71
Massachusetts, notification of intent to continue
to engage in the activity of commercial factoring, commenced
de novo, in Boston.
To Expand a Bank Holding Company Pursuant to Section
4(c)(12) of the Bank Holding Company Act.
Received

1

Family Finance 'Corporation,.. Wilmington, Delaware,
notification of intent £o-acquire shares of:
Foudation Investment Company, Artesia, New ^Mexico
Foundation Investment Company, Farmington, New Mexico
Foundation Investment Company, Alemagodo, New Mexico
Foundation Investment Company, Roswell, New Mexico

1

Family Finance Corporation, Wilmington, Delaware,
notification of intent to acquire shares of:
FoundationDiscount:Inc, Farmington, New Mexico
Foundation Discount Inc., Alamagodo, New Mexico

1

1

1




7-19-71

7-19-71

Family Finance Corporation, Wilmington, Delaware,
notification of intent to acquire shares of:
Artesia Discount Corporation, Artesia, New Mexico

7-19-71

Family Finance Corporation, Wilmington, Delaware,
notification of intent to acquire shares of:
Firisco Inc., Roswell, New Mexico

7-19-71

Family Finance Corporation, Wilmington, Delaware,
notification of intent to acquire shares of:
Foundation Investment Company 0 f Texas, Odessa, Texas 7-19-71
Family Finance Corporation, Wilmington, Delaware,
notification of intent to acquire shares of:
Foundation of intent to acquire shares of:
Foundation Loans, El Paso, Texas

H.2
1971 No

30

8

-6Received (continued)

01in Corporation, Stamford, Connecticut,
notification of intent to acquire shares
of Seattle Quilt Manufacturing Co., Inc.,
Seattle, Washington.

7-19-71

Permitted**
4

American Financial Corporation, Cincinnati, Ohio,
to acquire shares of Agricultural Insurance
Company, New York, New York

7-20-71

** Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.