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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.2
1971 No. 31

Applications and Reports Received or iy>ted on
During Week Ending July 31, 1971*

District

10

Date
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
Platte Valley Bank, Brighton, Colorado.
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* * * tV

10

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
The Citizens State Bank, Liberal, Kansas.

10

Approved
The Citizens State Bank, Liberal, Kansas•
* it & "k •.

2

•

To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Received
The Dover Trust Company, Dover, New Jersey.
Branch to be established at the corner of
State Highway Route 15 and Bowling Green
Parkway, Township of Jefferson, Morris County.

2

Central Home Trust Company of Elizabeth, N. J.
Elizabeth, New Jersey. Branch to be established
at 119-121 Elmora Avenue, Elizabeth.

2

Hempstead Bank,, Hempstead, New York.
Branch at the following locations:
A. Neighborhood of the intersection of Johnson
Avenue and Veterans Memorial Highway,
McArthur Airport, unincorporated area of
Bohemia, town of Islip, Suffolk County; and




B.

Neighborhood of the intersection of Route 110
and Allen Boulevard, unincorporated area of
North Amityville, town of Babylon, Suffolk
County.

H. 2
Ho. 31

W
-2Received (Cont'd,)
Lincoln Rochester Trust Coupany, Rochester, ilew York.
Branch to be established approximately 20-124 feet
>• west of the centerline of South Street and Approximately 20-58 feet south of State Street, Village of
Pittsford, Monroe County,

2

2

Bank of Suffolk County, Stony Brook, New York.
Branches at the following locations:
A. Immediate neighborhood of the intersection
of Stony Brook Road and route 347 (NesconsetPort Jefferson Highway), Stony Brook, Town of
Brookhaven, Suffolk County; and
B.

Immediate neighborhood of the intersection of
Garrity Avenue and Railroad Avenue, Ronkonkoma,
Suffolk County.

5

The Citizens Bank Incorporated, South Hill, Virginia.
Branch to be established in the Southside Shopping
Center U.S. Route 58, South Hill, Mecklenburg County.

7

Citizens Banking Company, Anderson, Indiana.
Branch to be established at Broadway and
Ames, Anderson, Indiana.

8

Central West End Bank, St, Louis, Missouri.
Branch to be established on Hampton Avenue
south of Oakland Avenue, St. Louis, Missouri.

9

Central Savings Bank, Sault Ste. Marie, Michigan.
Branch to be established in De Tour Village,
Michigan,

12

Bank of Idaho, Boise, Idaho.
Branches at the following locations:
A. In city of Hailey, Blaine County; and
B.

Approved
"^Peoples Trust of New Jersey, Hackensack, New Jersey.
Branch at the intersection of Sunnyside Avenue
and Washington Avenue, Dumont, Bergen County.

2

*

On Cleveland Avenue near intersection of
South Florida Avenue, City of Caldwell,
Canyon County.

Application approved by Reserve Bank on behalf of the Board of Governors
under delegated authority.




H. 2
No. 31
Approved (Cont'd)
island State Bank, Patchogue, New York*
Branch at Jones Street and Main Street (State
Route 25A), East Setauket, Town of Brookhaven,
Suffolk County.
"First Trust and Deposit Company, Syracuse, New York.
Branch in the immediate neighborhood of Oswego
Plaza and Weston's Department Store on U.S. Route 104,
City of Oswego, Oswego County.
Marine Midland Trust Company of Western New York,
Buffalo, New York. Branch at Klein Road and Hopkins
Road, Town of Amherst, Erie County.
* The County Trust Company, White Plains, New York.
Branch at the W. T. Grant Shopping Plaza, Pike and
Ball Streets, City of Port Jervis, Orange County.
" Marine Midland Bank, New York, New York.
Branch at 550 Sunrise Highway, unincorporated
village of Massapequa, Town of Oyster Bay,
Nassau County.
* Wilmington Trust Company, Wilmington, Delaware.
Branch office to be located in the Park N\ Shop
Shopping Center, Elkton and Apple Roads, Newark,
New Castle County.
'"Bank of Commerce and Trust Company, Lexington,
Kentucky. Branch at Nicholasville Road and
Larkin Drive, Lexington, Fayette County.
" Bank of Delaware, Wilmington, Delaware.
Branch to be located in the Castle Mall
Shopping Center at the intersection of
Chestnut Hill Road and South Chapel Street
extension (also known as Delaware Route 72),
Pencader Hundred, New Castle County.
* Central Savings Bank, Sault Ste, Marie, Michigan.
Branch to be established in De Tour Village, Michigan.
Denied by State
Bank of Suffolk County, Stony Brook, New York.
Branch in the immediate neighborhood of the
intersection of Route 27A (Montauk Highway)
and William Floyd Parkway, Mastic/Shirley, Suffolk
County.
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Applications approved by Reserve Bank on behalf of the Board of Governors

under delegated authority.



H.2

No. 31

11

-4To Catry Reduced Reserves Pursuant to
Section 19 of the Federal Reserve Act
Approved
The Village National Bank * Houston, Texas,
* Vf iV vV Vf

12

To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Received
United States National Bank, San Diego, California.
Branch in Nassau, Bahamas•
* * * Vr

Thirty Day Notice of Intention to Establish An
Additional Branch in a Foreign Country
Approved
First National City Bank, New York, New York,
Branch in Ireland, Cork,
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7

10

9




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To Form a Bank Holding Company Pursuant to
Section 3(a)(1) of the Bank Holding Company
Act of 1956
Received
Peoples Mid-Illinois Corporation, Bloomington, Illinois,
for prior approval to acquire the voting shares of
Peoples Bank of Bloomington, Bloomington, Illinois,
Security Corporation, Duncan, Oklahoma, for prior
approval to acquire the voting shares of The
Security National Bank & Trust Co, of Duncan,
Duncan, Oklahoma,
Approved
First Sebanco, Inc., Glendive, Montana, for prior
approval to acquire 50,4 per cent of the voting
shares of First Security Bank of Glendive,
Glendive, Montana,
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To Expand a Bank Holding Company Pursuant to
Section 3(a)(3) of the Bank Holding Company
Act'- of 1956
Received
Affiliated Banlcshares of Colorado, Inc., Boulder,
Colorado, for prior approval to acquire the
voting shares of University National Bank of
Fort Collins, Fort Collins, Colorado*
Galbank, Inc., Galveston, Texas, for prior approval
to acquire the voting shares of Sugar Land State
Bank, Sugar Land, Texas.
United States National Bancshares, Inc., Galveston,
Texas, for prior approval to acquire the voting
shares of Sugar Land State Bank, Sugar Land,
Texas.
First Security National Corporation, Beaumont,
Texas, for prior approval to acquire the voting
shares of Peoples State Bank of Kountze, Kountze, Texas.
First Security National Corporation, Beaumont,
Texas, for prior approval to acquire the voting
shares of Sour Lake State Bank, Sourlake, Texas.
First Security National Corporation, Beaumont, Texas, for
prior approval to acquire the voting shares of The
Village State Bank, Beaumont, Texas.
Approved
Huntington Bancshares Incorporated, Columbus, Ohio,
for prior approval to acquire 80 per cent or more
of the voting shares of The Woodville State Bank
Woodvile, Ohio.
liidlantic Banks Inc., Newark, New Jersey, for
prior approval to acquire 100 per cent (less directors1
qualifying shares) of the voting shares of the
successor by merger to Citizens National Bank,
Znglewood, New Jersey.
First Virginia Banlcshares Corporation, Arlington,
Virginia, for prior approval to acquire 80 per
cent or more of the voting shares of the successor
by merger to Bank of Bland County, Bland, Virginia.

H. 2
Mo. 31
To Er.pand a Bank Holding Company Pursuant to
Section 4(c)(8) of the Bank Holding Company
Act of 1955
Received
Marine Hidland Banks, Inc., Buffalo, Mew York,
notification of intent to engage in a de novo
activity (leasing of personal property and
equipment, acting as agent, broker, or advisor
in leasing of such property and incidental
activity necessary thereto) through a subsidiary
known as Marine Midland Leasing Corporation,
Buffalo, Hew York.

7-29-71

Permitted**
Worcester Bancorp, Inc., Worcester, Massachusetts, 7-29-71
to engage in the activity of acquiring title to
personal property and leasing the same to others.

To Expand a Bank Holding Company Pursuant to
Section 4(c)(12) of the Bank Holding Company
Act of 1953
Received
Lykes-Youngstown Corporation, Hew Orleans,
Louisiana, notification of intent to acquire
an additional 50 per cent of Ly-Gra Corporation,
a Delaware corporation, whose only subsidiary
Gulf and American Steamship Co#, Inc.,
operates in Mew Orleans, Louisiana,

For exemption Pursuant to Section 4(d) of the
Bank Holding Company Act of 1956
Received
The Goodyear Tire & Rubber Company, Akron, Ohio.

7-28-71

7-30-71

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