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ANNOUNCEMENT BOARD O F GOVERNORS O F TH E FEDERAL RESERVE SYSTEM H.2, 1989, No. 30 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending July 29, 1989. ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Budget and expenses — statements by Governor Angell on budgets of the Federal Reserve Banks for 1989 and System initiatives; and by Governor Kelley on the Board's budget before the Subcommittee on Domestic Monetary Policy of the House Committee on Banking. Finance and Urban Affairs, August 3, 1989. Authorized, July 25, 1989. Community Reinvestment Act issues and enforcement by the Federal Reserve — testimony by Mr. Garwood, Director of the Division of Consumer and Community Affairs before the Subcommittee on Consumer and Regulatory Affairs of the Senate Committee on Banking, Housing, and Urban Affairs, July 31, 1989. Authorized, Ju l y 29, 1989. BANK HOLDING COMPANIES Capital Holdings, Inc., Sylvania, Ohio — Capital Bank, N.A. Approved, Ju l y 24, 1989. to acquire Citicorp, New York, New York; Bankers Trust Corporation; and The Chase Manhattan Corporation — to commence underwriting and dealing in debt securities subject to certain commitments. Approved, July 24, 1989. NCNB Corporation, Charlotte, North Carolina — to acquire additional shares of NCNB Texas National Bank, Dallas, Texas Approved, July 24, 1989. BOARD OPERATIONS Budget — mid-year a d j u s t m e n t s . Approved, July 26, 1989. H.2 JULY 23, 1989 PAGE 2 TO JULY 29, 1989 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT First Massachusetts Management Corporation, Brockton, Massachusetts, and First Massachusetts Financial Corporation — assessment of civil money penalty against Edward S. Buchanan, a former officer and director. Authorized, July 26, 1989. REGULATIONS AND POLICIES Regulation CC — Expedited Funds Availability Act, amendment regarding the treatment of bank payable through checks (Docket R-0648). Approved, July 26, 1989. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; GC - General Counsel; IF - International Finance; OSDM * Office of Staff Director for Management BANK BRANCHES, DOMESTIC Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch at the Aquia Village Shopping Center adjacent to the intersection of U.S. Route 1 and State Route 610, Garrisonville, Virginia. Approved, July 24, 1989. Cleveland Fifth Third Bank, Cincinnati, Ohio — to establish a branch at the northwest corner of Wenger and Union Roads, Englewood, Ohio. Approved, July 28, 1989. Richmond First Community Bank, Inc., Princeton, West Virginia — to establish an electronic funds transfer facility in the College Center, Concord College, Athens, West Virginia. Approved, July 28, 1989. Chicago Old Kent Bank - Southwest, Niles, Michigan — provide branch services at 16 offices. Approved, July 28, 1989. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — to provide branch services at 16 authorized offices. Approved, July 28, 1989. Chicago Old Kent Bank of Gaylord, Gaylord, Michigan — to provide branch services at 16 authorized offices. Approved, July 28, 1989. to H.2 JULY 23, 1989 PAGE 3 TO JULY 29, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Chicago Old Kent Bank of Hillsdale, Hillsdale, Michigan — to provide branch services at 16 authorized offices. Approved, July 28, 1989. Chicago Old Kent Bank of Kalamazoo, Kalamazoo, Michigan — to provide branch services at 16 authorized offices. Approved, July 28, 1989. Chicago Old Kent Bank of Ludington, Ludington, Michigan — to provide branch services at 16 authorized offices. Approved, July 28, 1989. Chicago Old Kent Bank of Petoskey, Petoskey, Michigan — to provide branch services at 16 authorized offices. Approved, July 28, 1989. Chicago Old Kent Bank of St. Johns, St. Johns, Michigan — to provide branch services at 16 authorized offices. Approved, July 28, 1989. Chicago Sparta State Bank, Sparta, Michigan — branch at 416 W. Division Street. Approved, July 26, 1989. New Yo r k Unted Jersey Bank, Hackensack, New Jersey — to establish branches at 700 Plaza Drive, NYNEX Building, Harmon Meadows, Secaucus, New Jersey; and 40-B Meadowlands Parkway, Harmon Cove, Secaucus, New Jersey. Approved, July 27, 1989. to establish a BANK HOLDING COMPANIES Cleveland Banc One Corporation, Columbus, Ohio — to engage de novo in investment advisory and underwriting services for bank eligible securities through Banc One Brokerage Corporation. Permitted, July 24, 1989. Kansas City BancFirst, Oklahoma City, Oklahoma — to acquire The Liberty State Bank of Tahlequah, Tahlequah, Oklahoma. Approved, July 27, 1989. H.2 JULY 23, 1989 PAGE 4 TO JULY 29, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Central of Kansas, Inc., Junction City, Kansas, and Central of Kansas V., Inc. — to acquire The Durham State Bank, Durham, Kansas. Approved, July 26, 1989. Kansas City Commercial Bankstock, Inc., Oklahoma City, Oklahoma — to acquire Mercantile Bancorp, Inc., Moore, Oklahoma, and Mercantile Bank, N.A. Approved, July 24, 1989. Atlanta First Commerce Corporation, New Orleans, Louisiana — to acquire NBC Bancshares of DeRidder, Inc., DeRidder, Louisiana, and National Bank of Commerce of DeRidder. Approved, July 26, 1989. Richmond First Community Bancshares, Inc., Princeton, West Virginia — to acquire C.R.N.B. Shares, Inc., Richwood, West Virginia. Approved, July 28, 1989. S t . Louis F & P Bancshares Inc., Lexington, Kentucky — to acquire First Bancorp of Springfield, Inc., Springfield, Kentucky. Approved, July 27, 1989. Atlanta Jackson County Bancorp, Inc., Gainesboro, Tennessee — to acquire Jackson County Bank. Withdrawn, July 29, 1989. Chicago Logansport Bancorp, Inc., Indianapolis, Indiana — retain Skyline Village, an Indiana Limited Partnership, Corunna, Indiana. Approved, July 27, 1989. Chicago Mansfield Bancorp, Inc., Mansfield, Illinois — acquire P e o p l e 1s State Bank of Mansfield. Returned, July 28, 1989. S t . Louis Mercantile Bancshares, Inc., Jonesboro, Arkansas — to acquire North Arkansas Bancshares, Inc., and Mammoth Investment and Credit Corporation, Inc. Mammoth Spring, Arkansas. Approved, July 27, 1989. to to H.2 JULY 23, 1989 PAGE 5 TO JULY 29, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Minonk Bancshares, Inc., Minonk, Illinois — to acquire Citizens Group, Inc., Toluca, Illinois, and The Citizens National Bank of Toluca. Approved, July 27, 1989. New York Osterreichische Landerbank Aktie n g e s e l l s c h a f t , Vienna, Austria — to engage de novo in mortgage, consumer finance, credit card, and commercial finance company activities. Permitted, July 25, 1989. San Francisco Palm Desert Investments, Indian Wells, California — to acquire Palm Desert National Bank, Palm Desert, California. Returned, July 24, 1989. Boston Peoples Heritage Financial Group, Inc., Portland, Maine — to engage in mortgage banking activities through Mortgage Capital Corporation and Mortgage Capital Associates, Inc. Withdrawn, July 28, 1989. San Francisco Scandinavian Bank Group PLC, London, England — to engage de novo in securities brokerage services. Permitted, July 29, 1989. Chicago State Savings Bancorp, Inc., Caro, Michigan — to acquire State Savings Bank of Caro, Caro, Michigan. Approved, July 24, 1989. S t . Louis Stone County National Bancshares, Inc., Crane, Missouri — to acquire Stone County National Bank. Approved, July 25, 1989. Dallas Surety Capital Corporation, Fort Worth, Texas — to acquire Texas National Ba n k of Lufkin, Lufkin, Texas. Returned, July 28, 1989. S t . Louis W i lkinson Banking Corporation, Greenwood, Arkansas — to acquire Farmers Bank. Approved, July 28, 1989. H.2 JULY 23, 1989 PAGE 6 TO JULY 29, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Richmond First Community Bank, Inc., Princeton, West Virginia — to merge with Cherry River National Bank, Richwood, West Virginia. Approved, July 28, 1989. BANK PREMISES Chicago Bank of Lenawee, Adrian, Michigan — bank premises. Approved, July 28, 1989. investment in Chicago Hawkeye Bank & Trust of Des Moines, Des Moines, Iowa — investment in bank p r e m i s e s . Approved, July 25, 1989. Chicago Sparta State Bank, Sparta, Michigan — bank premises. Approved, July 26, 1989. Staff Director BS&R West One Bank, Utah, Salt Lake City, Utah — investment in bank p r e m i s e s . Approved, July 24, 1989. investment in BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS New Y o r k Talley Industries, Inc., Phoenix, Arizona — exemption from Regulation L to permit Hubert T. Mandeville to continue to serve as a director of Talley Industries, Inc., while also serving as a director of Citytrust Bancorp, Inc., Bridgeport, Connecticut. Granted, July 28, 1989. BANKS, STATE MEMBER Kansas City Eaton Bank, Eaton, Colorado — Approved, July 28, 1989. payment of a dividend. CHANGE IN BANK CONTROL Chicago Beecher Bancorp, Inc., Beecher, Illinois — bank c o n t r o l . Permitted, July 26, 1989. change in H .2 JULY 23, 1989 PAGE 7 TO JULY 29, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City Fairview Bancshares, Inc., Fairview, Oklahoma — change in bank c o n t r o l . Permitted, July 28, 1989. San Francisco HNB Financial Group, Huntington Beach, California — change in bank c o n t r o l . Permitted, July 28, 1989. COMPETITIVE FACTORS REPORTS Chicago Alexandria Acquiring State Bank, Anderson, Indiana, proposed merger with Commercial Bank and Trust Company — report on competitive factors. Submitted, July 27, 1989. Boston Citizens Savings Bank, Providence, Rhode Island, and Citizens Trust Company, proposed assumption of deposits and certain liabilities of the Westerly, Rhode Island office of Rhode Island Hospital Trust, National Bank — report on competitive factors. Submitted, July 25, 1989. Dallas De Soto State Bank, De Soto, Texas, proposed merger with First State Bank, Wylie; Provident Bank Denton, Denton; Security State Bank of Commerce, Commerce; and Provident Bank - Dallas, Dallas — report on competitive factors. Submitted, July 26, 1989. Minneapolis First National Bank at Manistique, Manistique, Michigan, proposed purchase of the assets and assumption of the liabilities of the Paradise, Michigan Branch of First of America Bank - Northern Michigan, Cheyboygan, Michigan — report on competitive factors. Submitted, July 24, 1989. Chicago First of America Bank - Marquette, National Association, Marquette, Michigan, and First of America Bank - Gogebic, National Association, Ironwood, Michigan, p r o p o ^ d merger with First of America Bank - Copper Country, Calumet, Michigan — report on competitive factors. Submitted, July 26, 1989. H.2 JULY 23, 1989 PAGE 8 TO JULY 29, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas Interstate Bank North, Houston, Texas, proposed merger with Interstate Bank Interim North — report on competitive factors. Submitted, July 26, 1989. Philadelphia Pennsylvania National Bank and Trust Company, Pottsville, Pennsylvania, proposed purchase of assets and assumption of liabilities of the Shamokin Branch of Northern Central Bank, Williamsport, Pennsylvania — report on competitive factors. Submitted, July 26, 1989. Boston Pioneer Financial, A Co-operative Bank, Malden, Massachusetts, proposed acquisition of certain assets and assumption of liability to pay deposits of the Stuart Street, Boston, Massachusetts office of Neworld Bank of Savings — report on competitive factors. Submitted, July 25, 1989. San Francisco Security Pacific Asian Bank, N.A., Los Angeles, California, proposed merger with Security Pacific National Bank — report on competitive factors. Submitted, July 27, 1989. EXTENSIONS OF TIME Chicago Athens Bancorp, Inc., Athens, Illinois — extension to October 10, 1989, to acquire Athens State Bank. Granted, July 25, 1989. Staff Director BS & R Atico Financial Corporation, Miami, Florida — extenson to divest of certain real estate investments. Granted, July 24, 1989. Boston Bank of Boston Corporation, Boston, Massachusetts — extension to November 6, 1989, to engage de novo in underwriting and dealing in certain eligible and ineligible bank securities through BancBoston Securities, Inc. Granted, July 28, 1989. H .2 JULY 23, 1989 PAGE 9 TO JULY 29, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME New York Constellation Bancorp, Elizabeth, New Jersey — extension to November 5, 1989, to acquire the New Brunswick Savings Bank, New Brunswick, New Jersey. Granted, July 25, 1989. Richmond Crown National Bancorporation, Inc., Charlotte, North Carolina — extension to November 1, 1989, to acquire Crown National Bank. Granted, July 24, 1989. San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain property. Granted, July 24, 1989. San Francisco Griffin Holdings, Inc., Los Angeles, California — 30 day extension to achieve change in bank control. Granted, July 27, 1989. Kansas City Jason Bancshares, Inc., Offerle, Kansas — extension to August 25, 1989, to acquire The Bucklin State Bank, Bucklin, Kansas. Granted, July 26, 1989. Staff Director BS&R KeyCorp, Albany, New York — extension to divest or terminate insurance agency activities of Key Bank of Puget Sound, Seattle, Washington. Granted, July 24, 1989. San Francisco Scandinavian Ban k Group PLC, London, England — 30 day extension to engage de novo in securities brokerage services through Scandinavian American Securities, Inc., New York, New York. Granted, July 23, 1989. San Francisco Tokai Bank, Limited, Naka - Ku, Nagoya, Japan — extension to November 17, 1989, to engage de novo in securities brokerage and underwriting of government securities and money market instruments through Tokai Securities, Inc., New York, New York. Granted, July 28, 1989. San Francisco Wells Fargo & Company, San Francisco — divest certain property. Granted, July 24, 1989. extension to H .2 JULY 23, 1989 PAGE 10 TO JULY 29, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Kansas City — to extend the Denver B r a n c h 1s country unsorted and country qualified return item deadlines and the country fine sort deadline; and to discontinue the country group sort program. Approved, July 27, 1989. SECURITIES REGULATION Staff Director BS&R Over-the-counter stocks — revised list of OTC stocks subject to margin requirements, effective August 14, 1989. Published, July 28, 1989. H.2 JULY 23, 1989 PAGE 11 ADDITIONS AND CORRECTIONS TO JULY 29, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC New York Gateway State Bank* Staten Island* New York — to establish a branch at 9512 Third Avenue* Brooklyn* New York. Withdrawn* July 20* 1989. BANK HOLDING COMPANIES New York Community National Bancorp* Inc.* Staten Island* New Y o r k — to engage de novo in lending activities. Withdrawn* July 21* 1989. BANK PREMISES New Y o r k Gateway State Bank* Staten Island* New York — investment in ban k premises. Withdrawn* July 20* 1989. CAPITAL STOCK Boston Regional Bancorp. Inc.* Medford* Massachusetts — redemption of shares. Withdrawn* June 30* 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date Indian Head Bank & Trust Company, Newspaper Portsmouth, New Hampshire -- section 1 8 (c) application to merge Indian Head National Bank, Nashua, New Hampshire, Indian Head Bank North, North Conway, New Hampshire, Indian Head National Bank of Keene, Keene, New Hampshire, Dartmouth National Bank, Hanover, New Hampshire and Fleet Bank of New Hampshire, Nashua, New Hampshire* Not Yet Established SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date The Boston Bank of Commerce Employee Stock Ownership Trust, Boston, Massachusetts 3(a)(3) application to acquire up to 41.9% of the voting shares of The Boston Bank of Canmerce, Boston, Massachusetts* Newspaper Ocean State Bancshares Corporation, Middletown, Rhode Island - 3(a)(1) application to became a bank holding company through the acquisition of Ocean State National Bank, Middletown, Rhode Island, a de novo bank* Newspaper Multibank Financial Corp., Dedham, Massachusetts - 3(a)(3) applications to retain 5.60% of Andover Bancorp, Inc., Andover, Massachusetts; 6.70% of First Woburn Bancorp, Inc., Woburn, Massachusetts and 5.64% of the Waltham Corporation, Waltham, Massachusetts* Newspaper Republication for Andover Bancorp, Inc. only 8-21-89 Federal Register Republication for Andover Bancorp, Inc. only 8-14-89 Federal Register Federal Register 8-19-89 Not Yet Established 8-25-89 Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ____________ Notice Only__________ West Jersey Community Bank, Fairfield, New Jersey, a preposed new bank, for membership in The Federal Reserve System.l/ 8/21/89 SECTION II Applications Subject to Both Newspaper and Federal Register Notice West Jersey Bancshares, Inc., Fairfield, New Jersey to become a bank holding company with respect to West Jersey Community Bank, Fairfield, New Jersey, a proposed new barik.l/ 8/21/89 3/ Amsterdam-Rotterdam Bank, Amsterdam, the Netherlands and its parent, Stichting Amro, to become bank holding companies by acquiring 43.18% of the shares of European American Bancorp, New York, New York, itself a bank holding company.1/ 8/24/89 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Chemical Banking Corp., through its subsidiary, full service securities advisory activities and issuer's agent. New York, New York to engage Chemical Securities, Inc., in brokerage and financial placing securities as the N/A Canadian Imperial Bank of Commerce, Toronto, Canada, to engage through its subsidiary, Wood Gundy Corp., in acting as an introducing broker with respect to futures, forward and options contracts on bank-eligible securities. 8/11/89 Federal Reserve Bank of New York Comment Period Ending Date Nippon Credit Bank Ltd., Tokyo, Japan, to engage through its subsidiary, Eastbridge Capital, Inc., in acting as investment adviser to investment companies. 8/7/89 The Chase Manhattan Corporation, New York, New York to engage through its subsidiary, Chase Securities Inc., in placing, as agent for issuers, all types of securities. 8/28/89 SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available FEDERAL RESERVE BAN KO F PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE * OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. *N/A - not yet available. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Applications Bulletin For Week Ending July 29, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING Received Notice of Change in Bank Control on July 25, 1989 from Mrs. Georgia M. Wegman, Seven Hills, Ohio, of her intent to acquire up to 11.294 percent of the total shares outstanding of The Citizens Savings Bank, Peniberville, Ohio. Received Section 3(a)(3) application on July 27, 1989 from Citizens Bancshares, Inc., Salineville, Ohio, to acquire 97 percent of First National Bank of Chester, Chester, West Virginia. Not Yet Known # * August 26, 1989 # SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Conment Period Applications Bulletin For Week Ending July 29, 1989 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received request on July 24, 1989 frctn Cortland Savings and Banking Company, Cortland, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act. Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Blakeley Bank and Trust Company, Ranson, West Virginia, request for permission to establish a branch at Somerset Village, U. S. Route 340 North, Charles Town, West Virginia.* 8-26-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date PAER Bancorp, Inc., Bushkill, Pennsylvania, for prior approval to become a bank holding company through the acquisition of at least 61% of the voting shares of The Peoples National Bank of Rowlesburg, Rowlesburg, West Virginia.* 8-21-89** Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. July 24, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date SouthTrust Bank of Tampa Tampa, Florida To establish a branch office in the Cypress Creek Village on Cypress Village Boulevard, Sun City, Florida, to be kncwn as the Sun City Center Office. Bank of Adairsville Adairsville, Georgia To relocate its main office from 116 Public Square, Adairsville, Georgia, to 7400 Highway 140, Adairsville, Georgia. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date BankersTrust of Alabama, Inc. Madison, Alabama 1-BHC formation, Bankers Trust of Madison, Madison, Alabama. Citizens Corporation Smithville, Tennessee Change in control by Marion E. Lowery, to retain 29.12 percent of the outstanding shares of common stock (after-the-fact). Greene County Bancshares, Inc. 07-26-89 Greeneville, Tennessee Federal Register To acquire American Fidelity Bank, Alcoa, Tennessee. Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Mid State Banks, Inc. Cordele, Georgia To engage de novo in purchasing loan participations from its subsidiary banks, pursuant to section 225.25(b) (1) of Regulation Y. F e d e ra l R e se rve Bank o f Chicago Section I - Applications Subject to Newspaper Notice Only Comment P e rio d E n d in g Date Type Application EFT Davenport Bank and Trust Company Davenport, Iowa St. Ambrose University 518 W. Locust St. Davenport, Iowa* N - 8-12-89 Branch/24A G. W. Jones Exchange Bank Marcellus, Michigan 101 S. Broadway Cassopolis, Michigan* N - 8-6-89 Branch/24A Citizens Commercial & Savings Bank F1int, Michigan 1542 N. LeRoy Fenton, Michigan* N - ** Branch M&I Marshall & Ilsley Bank Milwaukee, Wisconsin W1555 N112 Mequon Road Mequon, Wisconsin* N - ** Branch Security Bank and Trust Company Southgate, Michigan 1601 King Road Trenton, Michigan* N - ** Branch Security Bank and Trust Company Southgate, Michigan 19001 Telegraph Romulus, Michigan* N - ** Branch Security Bank and Trust Company Southgate, Michigan 2189 West Road Trenton, Michigan* N - ** Branch Security Bank and Trust Company Southgate, Michigan 3701 West Road Trenton, Michigan* N - ** Branch Security Bank and Trust Company Southgate, Michigan 8825 Macomb Grosse lie, Michigan* N - ** N - ** Merger/Branch Security Bank and Trust Company Southgate, Michigan Trenton Bank and Trust Company Trenton, Michigan* r F e d e ra l R e se rve Bank o f Chicago Section I - Applications Subject to Newspaper Notice Only Comment P e r io d E n d in g D a te T yp e Application EFT Marine Bank of Bloomington-Normal Bloomington, Illinois Biasis Drug Store 102 West Washington Street Bloomington, 111inois* N - ** Comerica Bank-Detroit Detroit, Michigan Dearborn Bank and Trust Company Dearborn, Michigan* N - ** Merger/ Branch Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 Readlyn Bancshares, Inc. St. Paul, Minnesota Britt Bancshares, Inc. St. Paul, Minnesota First State Bank Britt, Iowa* FR - 4-21-89 N - 7-30-89 Y-2 First State Bancorp, Inc. Harwood Heights, Illinois PB State Bank (in organization) Harwood Heights, Illinois American Heritage Bank of Granite City Granite City, Illinois* N - 7-28-89 FR - 8-21-89 Y-2 Country Bank Shares Corporation Janesville, Wisconsin State Bank of Mt. Horeb Mt. Horeb, Wisconsin State Bank of Argyle Argyle, Wisconsin Citizens State Bank of Clinton Clinton, Wisconsin* FR - 8-2-89 N - 7-17-89 Y-2 Salin Bancshares of North Central, Indiana, Inc. Indianapolis, Indiana Logansport Bancorp, Inc. Indianapolis, Indiana The Farmers & Merchants State Bank Logansport, Indiana* FR - 8-4-89 N - 8-1-89 f F e d e ra l R eserve Bank o f C h icago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment P e rio d E n d in g Date T yp e Application Y-2 Fayette Bancorporation Marion, Iowa Maynard Savings BanSharesCorp Maynard, Iowa The Maynard Savings Bank Maynard, Iowa* FR - 8-4-89 N - ** Y—1 Manfield Bancorp, Inc. Mansfield, Illinois People's State Bank of Mansfield Mansfield, Illinois* FR - 8-9-89 N - 7-22-89 Y-2 Merchants National Corporation Indianapolis, Indiana First National Bankshares, Inc. Logansport, Indiana The First National Bank of Logansport Logansport, Indiana First National Bank of Indiana Monticello, Indiana* FR - 8-11-89 N - 8-4-89 Y—1 First Channahon Bancorp, Inc. Naperville, Illinois Westbank/Orland Park (in organization) Orland Park, Illinois* FR - 8-11-89 N - ** Y-2 Westbank Financial Corporation Naperville, Illinois First Bank of Channahon Channahon, 111inois Westbank/Orland Park (in organization) Orland Park, Illinois* FR - 8-11-89 N - ** Y-2 First Chicago Corporation Chicago, Illinois The Winnetka Bank Winnetka, Illinois* FR - 8-11-89 N - ** Y—1 Amboy Bancorp, Inc. Amboy, Illinois First National Bank in Amboy Amboy, Illinois* FR - ** N - 7-17-89 Y—1 Overton Bank Shares, Inc. Mondamin, Iowa Mondamin Savings Bank Mondamin, Iowa* FR - ** N - 7-1-89 F e d e ra l R e s e rve Bank o f Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Typ e Y—1 Application Commercial Financial Corp. Storm Lake, Iowa The Commercial Trust & Savings Bank Storm Lake, Iowa* Comment P e r io d E n d in g D ate FR - ** N - ** Section III - Applications Subject to Federal Register Notice only Comment Period Ending Date Type Application 4(c)(8) Backlund-White, Inc. FR - 8-18-89 Peoria, Illinois MFC Mortgage Corporation of Milwaukee, Wisconsin Milwaukee, Wisconsin Y-4 Hoosier Bancorp FR - 8-7-89 Rushville, Indiana Hoosier Insurance Ltd, Grand Turk Turks & Caicos Island, British West Indies 4(c)(8) First Midwest Bancorp, Inc. Naperville, Illinois Continue to engage in making, acquiring and servicing loans (in violation) FR - 8-7-89 Y-4 Johnson Heritage Bancorp, Ltd. Racine, Wisconsin Johnson Heritage Trust Company Racine, Wisconsin FR - 8-11-89 4(c)(8) Erie Bancorp, Inc. Erie, Illinois Engage in making and servicing loans FR - 8-7-89 4(c)(8) Northern Trust Corporation Chicago, Illinois Northern Trust Brokerage, Inc. Chicago, Illinois FR - ** 4(c)(8) Star Financial Group, Inc. Marion, Indiana Star Bankcard Services, Inc. Marion, Indiana PR - ** F e d e ra l R ese rve Bank o f C h ica g o Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application None N FR * ** _ _ Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time r Federal Reserve Bank o f S t. Lo u is SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Change in control notification involving Mark Twain Bancshares, Inc., St. Louis, Missouri, by Alvin Siteman (Not available) *Section 3(a)(1) application by JSB Bancorp, Jasper, Indiana, to acquire Jasper State Bank, Jasper, Indiana (Newspaper 8-27-89) *Section 3(a)(1) application by Allegiant Bancorp, Inc., Kahoka, Missouri, to acquire Allegiant National Bank, Kahoka, Missouri (Not available) ^Section 3(a)(1) application by Rodgers Family Bancshares, Inc., Waldron, Arkansas, to acquire Bank of Waldron, Waldron, Arkansas (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE* OR NEWSPAPER NOTICE None. * This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only_______ Comment Period Ending Date Application First Bank System, Inc., Minneapolis, MN To engage in general insurance agency activities through the acquisition of Swanson Insurance Associates, Billings, MT. This activity will be conducted in Billings, MT 7-30-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application None. Section III - Applications Subject to Federal Register Notice Only Application Norwest Corporation Minneapolis, MN To engage in leasing personal or real property or acting as agent, broker or advisor in leasing such property and commercial finance through the acquisi tion of Crestwood Capital Corp., Minne apolis, MN and Crestwood Financial Corp., Minneapolis, MN. ^Subject to CRA Comment Period Ending Date 8-7-89 FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only (Continued) Comment Period Ending Date Application Norwest Corporation Minneapolis, MN To engage de novo through Norwest Investment Services, Inc., in the following activities: 1) Underwriting and dealing in obligations that national banks are authorized to deal in; 2) Underwriting and dealing to a limited ex tent in certain securities national banks are ineligible to deal in; 3) Full service retail brokerage; 4) Providing private placement services for commercial paper, municipal revenue bonds, municipal leases, and mortgage-backed securi ties; 5) Purchasing and selling precious metals and coins for the account of customers; and 6) Acting as a futures commission merchant. Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application McLeod Bancshares, Inc, Hutchinson, MN To redeem 41.1% of its voting shares. Federal Reserve Bank o f Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SPBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION C O M M E N T P E R I O D E N D I N G DATE B a n c o o k C o r p o r a t i o n , Cook, N e b r a s k a , for prior a p p r o v a l to a c q u i r e 87.5 p e r c e n t of the v o t i n g s h a r e s of F a r m e r s Bank, P r a i r i e Home, N e b r a s k a . * Not Av a i l a b l e T u l s a N a t i o n a l B a n c s h a r e s , Inc., T u l s a , O k l a h o m a , for prior a p p r o v a l t o b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of T u l s a N a t i o n a l Bank, Tu l s a , Oklahoma.* Not A v a i l a b l e P.N.B. F i n a n c i a l C o r p o r a t i o n , K i n g f i s h e r , O k l a h o m a , for pri o r a p p r o v a l to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of The F i r s t N a t i o n a l Ban k of H e n n e s s e y , Hennessey, Oklahoma.* Not A v a i l a b l e South H o l t B a n c s h a r e s , Inc., Ore g o n , M i s s o u r i , for prior a p p r o v a l to b e c o m e a ban k h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of Zook a n d R o e c k e r S t a t e Bank, Oregon, M i s s o u r i . * Not A v a i l a b l e F i d e l i t y B a n k s h a r e s , Inc., G a r d e n City, Kansas, for prior a p p r o v a l t o a c q u i r e 96.93 p e r c e n t of the v o t i n g s h a r e s of The H e r i t a g e B a n k of O l a t h e , Olathe, K a n s a s . * A u g u s t 4, 1989 Federal Reserve Bank of Kansas City B r u c e B. M o r g a n , K a n s a s City, M i s s o u r i , a n d D o n n a L. McCoy, Shawnee, Kansas, for prior approval for e a c h t o a c q u i r e a 50 p e r c e n t o w n e r s h i p i n t e r e s t in P o l o B a n c s h a r e s , I n c . , Polo, M i s s o u r i . August 4, Kansas B a n k Corporation, Liberal, K a n s a s , for p r i o r a p p r o v a l to a c q u i r e 1 0 0 p e r c e n t of t h e v o t i n g shares of El k h a r t Financial C o m p a n y , E l k h a r t , K a n s a s , p a r e n t of F i r s t N a t i o n a l B a n k of E l k h a r t , Elkhart, Kansas.* August 21, 1989 D o n a l d J. B i e r m a n , S h a w n e e , O k l a h o m a , for p r i o r a p p roval to acquire a 31.69 percent ownership i n t e r e s t in C o m m e r c e B a n c o r p o r a t i o n , I nc., M c L o u d , Oklahoma. August 21, 1989 1989 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. ♦Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 24, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP *Section 3(a)(1) application by Las Cruces B.R.G., Inc., Las Cruces, NM, to acquire Bank of the Rio Grande, N.A., Las Cruces, NM 89/08/07 Change in Control Notice by Frank D. Yturria, Brownsville, TX to acquire an interest in TB&T Bancshares, Inc., Brownsville, TX 89/08/13 Change in Control Notice by George R. Farish, Houston, TX, to acquire an interest in TB&T Bancshares, Inc., Brownsville, TX 89/08/13 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Section 4(c)(8) de novo notification by The Plains Corporation, Lubbock, TX, to acquire Plains Financial Corporation, Lubbock, TX (originating loans for itself or for others of the type made by a mortgage company) (Resubmission) NOTICE EXP N/A SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by Western Bancshares of Las Cruces, Inc., Las Cruces, NM, to redeem 26,448.96 shares of its common stock (resubmission) * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 7/28/89 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice None Section III - Applications Subject to Federal Register Notice Only Security Pacific Corporation, Los Angeles, California, to engage in leasing activities beyond the scope of those listed in Regulation Y through Security Pacific Leasing Corp. Fed. Reg.: Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER