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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1982 No. 31)
Actions of the Board; Applications and Reports
Received During the Week Ending July
APPLICABLE
RESERVE BANK
31, 1982
ACTIONS OF THE BOARD
Statement by Chairman Paul A. Volcker before the Senate
Budget Committee reviewing the monetary and budgetary
situation.
Reduction in the basic discount rate from 11-1/2 to 11
percent, e f f e c t i v e Monday, August 2, at a l l Federal
Reserve Banks except Cleveland, e f f e c t i v e August 3, 1982.
Appointment of Mr. G r i f f i t h L. Garwood, Director of the
Division of Consumer and Community A f f a i r s , e f f e c t i v e
August 1, 1982.
Planned revisions in priced services offered to depository
i n s t i t u t i o n s ; the changes were announced by E. Gerald
Corrigan, President of the Federal Reserve Bank of
Minneapolis and Chairman of the System's Pricing
Policy Committee. J /
Minneapolis
American Bancorporation Holding Company, Brainerd, Minnesota,
extension of time to October 23, 1982, within which to
acquire American National Bank of Brainerd, Brainerd,
Minnesota. J7
San
Francisco
Business Bancorp, San Jose, C a l i f o r n i a , extension of time
to October 30, 1982, within which to become a bank holding company by acquiring 100 percent of the voting shares
of California Business Bank, N.A., San Jose, C a l i f o r n i a ,
a proposed new bank. JJ
Kansas City
Central Bancorporation, I n c . , Denver, Colorado, extension of time
November 12, 1982, within which to acquire Central Bank of
Chapel H i l l s , N.A., Colorado Springs, Colorado. 1/
St. Louis
Citizens Union Bancorp of S h e l b y v i l l e , I n c . , Shelbyville,
Kentucky, extension of time to October 27, 1982, within
which to become a bank holding company through the
acquisition of the successor by merger to Citizens
Union Bank of Shelbyville, S h e l b y v i l l e , Kentucky. 1/
V
Application processed on behalf of the Board of Governors under delegated
authority.
i
H.2, 1982 No. 31
-
2
-
ACTIONS OF THE BOARD-Continued
Chicago
COMMERCIAL BANCSHARES, INC., Crown Point, Indiana, extension of time to October 28, 1982, within which to
become a bank holding company through the acquisition
of 100 percent of the voting shares of the successor
by merger to The Commercial State Bank, Crown Point,
Indiana. J /
Atlanta
F i r s t Alabama Bancshares, I n c . , Montgomery, Alabama,
extension of time to November 9, 1982, within which
to acquire Anniston National Bank, Anniston, Alabama.
i/
Chicago
F i r s t Alsip Bancorp, I n c . , A l s i p , I l l i n o i s , extension of
time to November 8, 1982, within which to become a bank
holding company through the acquisition of 80 percent
or more of the voting shares of F i r s t State Bank of
A l s i p , A l s i p , I l l i n o i s . J_/
Atlanta
Flagship Banks I n c . , Miami, F l o r i d a , extension of time to
August 13, 1982, within which to acquire Citizens National
Bank of Naples, Naples, Florida. J /
St. Louis
Hardin County Bancshares, I n c . , Savannah, Tennessee, extension of time to October 30, 1982, within which to
become a bank holding company through the acquisition
of Hardin County Bank, Savannah, Tennessee. J /
San
c
rancisco
Lamorinda Financial Corporation, Lafayette, C a l i f o r n i a ,
extension of time to November 10, 1982, within which
to become a bank holding company by acquiring 100 percent of the voting shares of Lamorinda National Bank,
Lafayette, C a l i f o r n i a . \J
Kansas City
Midland Capital Co., Oklahoma C i t y , Oklahoma, extension
of time to November 2, 1982, within which to acquire
Midland Leasing Co., Oklahoma C i t y , Oklahoma. J /
Kansas City
Nebraska F i r s t Security Corporation, Lincoln, Nebraska,
extension of time to November 5, 1982, within which
to acquire Security National Bank, Lincoln, Nebraska.
1/
Dal las
North Texas Bancshares, Inc., North Richland H i l l s , Texas,
extension of time to November 10, 1982, within which to
acquire Arlington State Bank, Arlington, Texas. J /
\J
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 31
- 3
ACTIONS OF THE BOARD-Continued
Philadelphia
Philadelphia National Corporation, Philadelphia, Pennsylvania, extension of time to November 28, 1982, within
which to acquire Signal Business Loans, Inc. _]_/
Atlanta
7L Corporation, Tampa, F l o r i d a , extension of time to
September 15, 1982, within which to acquire F i r s t
Florida Banks, Inc., Tampa, Florida. ]_/
San
Francisco
SNB Bancorp, Encinitas, California, extension of time
to November 25, 1982, within which to become a bank
holding company by acquiring 100 percent of the
voting shares of San Dieguito National Bank,
Encinitas, California. ]_/
Dal las
Victoria Bankshares, Inc., Victoria, Texas, extensions
of time to (1) September 16, 1982, within which to
acquire New Braunfels National Bank, New Braunfels,
Texas and (2) to October 17, 1982, within which to
acquire Hays County National Bank, San Marcos, Texas.
1/
St. Louis
Arkansas Bank & Trust Company, Hot Springs, Arkansas,
an additional Investment in bank premises. J /
San
Francisco
American National Bank, Bakersfield, California, proposed acquisition of four branches of Bank of California,
N.A., San Francisco, California, under the charter and
t i t l e of the former; report to the Comptroller of the
Currency on competitive factors. J /
Dallas
Chemical Bank 4 Trust Company, Houston, Texas, proposal
to merge with New Riverside State Bank, Houston,
Texas; report to the Federal Deposit Insurance Corporation on competitive factors. \J
Philadelphia
Drovers and Mechanics Bank,. York, Pennsylvania, proposed
merger with Drovers Interim Bank, under the charter and
t i t l e of Drovers and Mechanics Bank; report to the
Federal Deposit Insurance Corporation on competitive
factors. \J
Dal las
First National Bank of Plainview, Plainview, Texas, proposed merger with First Plainview Bank, Plainview,
Texas; report to the Federal Deposit Insurance Corporation on competitive factors. J /
T7
Application processed on behalf of the Board of Governors under delegated
authority.
I
H.2, 1982 No. 31
- 4 ACTIONS OF THE BOARD-Continued
Chicago
Heritage Bank-Mayfair, Wauwatosa, Wisconsin, application
for prior approval to consolidate with Heritage Bank
Menomonee F a l l s , Menomonee F a l l s , Wisconsin, under the
charter of Heritage Bank-Mayfair and t i t l e of Heritage
Bank; report to the Federal Deposit Insurance Corporation
on competitive factors. J /
Kansas City
Northeast Colorado National Bank, Denver, Colorado, proposed merger with Colorado National Bank - Northeast,
Denver, Colorado; report to the Comptroller of the
Currency on competitive f a c t o r s . JJ
Chicago
Security Marine Bank of Madison, Madison, Wisconsin, to
consolidate the assets and l i a b i l i t i e s with the Commercial
Marine Bank of Madison, Madison, Wisconsin, under the
charter of Security Marine Bank of Madison and t i t l e
of Marine Bank Dane County; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 31
- 5 ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
New York
Approved
Manufacturers Hanover Trust Company, New York, New York,.
To establish a limited purpose branch at 95-25 Queens
Boulevard, Rego Park, New York, j y
Richmond
Bank of the James, Manakin-Sabot, V i r g i n i a . To establ i s h a branch at the intersection of Gaskins Road
and Stoneridge Lane, Henrico County, V i r g i n i a . J_/
Richmond
United Virginia Bank, Richmond, V i r g i n i a . To establish
a branch at U.S. Route 1 and Parham Road, Henrico
Ccjnty, V i r g i n i a . ]J
Chicago
Bank of Reynolds, Reynolds, Indiana. To establish a
branch at 229 North Main Street, and a d r i v e - i n
f a c i l i t y at 110 East Marion Street, both in Monticello,
Indiana. 1/
* * * * *
To Merge Pursuant to Section 18(c) of the Federal
Deposit Insurance Act
Chicago
Approved
Brownsburg Service Bank, Brownsburg, Indiana, to merge
with Hendricks County Bank and Trust Company, Brownsburg, Indiana. ]J
*
*
*
*
*
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Not Disapproved
Kansas City
Alma Bancshares, I n c . , Alma, Kansas. J /
Kansas City
Offerle Investment Co., I n c . , O f f e r l e , Kansas. 1/
jy
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 31
-
6
ACTIONS OF THE BQARP-Continued
Kansas City
Council Grove Banc Shares, I n c . , Council Grove, Kansas, j y
Dallas
Citizens Bank and Trust, Manvel, Texas. J_/
*
*
*
*
*
Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25
and 25(a) of the Federal Reserve Act and Sections
4(c)(9) and 4(c)(13) of the Bank Holding Company
Act of 1956, as amended
Cleveland
San
Franci sco
San
Franci sco
San
Francisco
New York
T7
Approved
Mellon Bank Internacional-mami, Miami, Florida: grants
consent to purchase and hold 100 percent of the shares
of Mellon Bank Canada, Toronto, Ontario, Canada.
Correction:
The application for F i r s t Interstate Bancorp, Los Angeles,
C a l i f o r n i a : to acquire d i r e c t l y and i n d i r e c t l y through
i t s subsidiary banks, a l l of the shares of a de novo
foreign commercial bank in the Cayman Islands was
mistakenly l i s t e d on H.2, 1982 No. 28 as Approved.
Correction:
I he application for F i r s t Interstate Bank of C a l i f o r n i a ,
Los Angeles, C a l i f o r n i a : to acquire 19.5 percent of
the shares of a de novo foreign commercial bank in the
Cayman Islands was mistakenly l i s t e d on H.2, 1982 No. 28
as Approved.
Producers Bank of the Philippines: entered into an agreement
with the Federal Reserve System to receive only such
deposits as would be permissible under Section 5(a) of
the International Banking Act at i t s limited Federal branch
in Los Angeles, C a l i f o r n i a . (7/30/82) ]_/
Sixty Day N o t i f i c a t i o n Period Allowed to Expire
C i t i c o r p , New York, New York: no objection to make an
additional investment, d i r e c t l y or i n d i r e c t l y , in
Citicorp International Finance, S.A., Zurich, Switzerland.
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 31
- 7 ACTIONS OF THE BOARD-Continued
To Establish a U.S. Branch of an Edge Act Corporation
Pursuant to Section 25(a) of the Federal Reserve Act
New York
Approved
Citibank I n t e r n a t i o n a l , Miami, Florida: grants consent
to establish and operate a branch in San Diego, California.
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
San
Francisco
San
Francisco
New York
Withdrawn
Townco Bancorp, Seal Beach, C a l i f o r n i a , for approval to
acquire 100 percent of the voting shares of Garden
Grove Community Bank, Garden Grove, C a l i f o r n i a . ]_/
Transcorp, Beverly H i l l s , C a l i f o r n i a , for approval to
acquire 100 percent of the voting shares of The Bank
of Beverly H i l l s , Beverly H i l l s , C a l i f o r n i a .
Approved
Chemical F i r s t State Corporation, Wilmington, Delaware,
for approval to acquire 100 percent of the voting
shares (less d i r e c t o r s ' q u a l i f y i n g shares) of Chemical
Bank (Delaware), Wilmington, Delaware, a proposed new
bank. \J
Cleveland
F i r s t National Company, P i k e v i l l e , Kentucky, for approval to acquire 100 percent of the voting shares
of The F i r s t National Bank of P i k e v i l l e , P i k e v i l l e ,
Kentucky. \J
Atlanta
American Security Bancshares, I n c . , Welsh, Louisiana,
for approval to acquire at least 80 percent of the
voting shares of American Bank, Welsh, Louisiana. J_/
Atlanta
Central Bancshares, I n c . , Glenmore, Louisiana, for approval to acquire at least 80 percent of the voting
shares of Central Bank & Trust Company, Glenmore,
Louisiana. 1/
]y
~
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 31
-
8
ACTIONS OF THE BOARD-Continued
Atlanta
City Bancorp, Inc., New Iberia, Louisiana, for approval
to acquire 100 percent of the voting shares of City
Bank & Trust Company, New Iberia, Louisiana, J /
Atlanta
First National Corporation of Jacksonville, Jacksonville,
Alabama, for approval to acquire at least 80 percent
of the voting shares of The First National Bank of
Jacksonville, Jacksonville, Alabama. J /
Chicago
Charter Bancorporation, Inc., Newport, Minnesota, for
approval to acquire 100 percent of the voting shares
of Stoughton State Bank, Stoughton, Wisconsin. J /
Chicago
CRETE BANCORPORATION, INC., Crete, I l l i n o i s , for approval
to acquire at least 80 percent of the voting shares of
United Bank of Crete-Steger, Crete, I l l i n o i s . ]J
Chicago
FIRSNABANC0, I n c . , Viroqua, Wisconsin, for approval to
acquire at least 94 percent of the voting shares of
First National Bank in Viroqua, Viroqua, Wisconsin. _1/
Chicago
Hoosier Bancshares, Inc., Bloomington, Indiana, for approval to acquire 86 percent of the voting shares of
The Bloomington National Bank, Bloomington, Indiana. ]_j
Chicago
MIDSTATE FINANCIAL CORP., Brownsburg, Indiana, for approval to acquire 100 percent of the voting shares
(less directors' qualifying shares) of the successor
by merger to Hendricks County Bank and Trust Company,
Brownsburg, Indiana. JV
Chicago
Savanna Bancorp, Inc., Savanna, I l l i n o i s , for approval
to acquire at least 80 percent of the voting shares
of Savanna State Bank, Savanna, I l l i n o i s . V
St. Louis
City Bancorp Inc., Murphysboro, I l l i n o i s , for approval
to acquire at least 87.435 percent of the voting
shares of The City National Bank of Murphysboro,
Murphysboro, I l l i n o i s . V
St. Louis
Rend Lake Bancorp, Inc., Marlon, I l l i n o i s , for approval
to acquire at least 80 percent of the voting shares
of Rend Lake Bank, Christopher, I l l i n o i s . J /
Minneapolis
East Central Holding Company, Cambridge, Minnesota, for
approval to acquire 94.5 percent of the voting shares
of First State Bank of Isanti, Isanti, Minnesota. 1/
TJ
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982No. 31
- 9 ACTIONS OF THE BOARD-Continued
'"mneapoMs
Frost BanCorporation, I n c . , Frost, Minnesota, for approval to acquire at least 94.4 percent of the
voting shares of State Bank of Frost, Frost,
Minnesota. 2 /
^
\5C Bancorporation, I n c . , Newport, Minnesota, for approval to acquire 100 percent of the voting shares
of National Bank of Commerce in Mankato, Mankato,
Minnesota. J /
,nneapoMs
Cty
cnsas City
ow
md Country Banshares, I n c . , Newport, Minnesota,
approval to acquire 100 percent of the voting
shares c? Town & Country Bank--Maplewood, Maplew o n ' : , Minnesota. 2 /
C h i i i i c o t h e Bancshares, I n c . , C h i l l i c o t h e , Missouri,
for approval to acquire at least 80 percent of the
voting shares of Community Bank, C h i l l i c o t h e ,
Missouri. 2/
Docking Bank Consulting Company, Arkansas C i t y , Kansas,
for approval to acquire at least 50.2 percent of
the voting shares of The Union State Bank, Arkansas
C i t y , Kansas. 2 /
»as City
Monte Vista Bank Corp., Monte Vista, Colorado, for approval to acquire at least 94.67 percent of the
voting shares of Bank of ; ,
'vista, Monte Vista,
Colorado. 2 /
Kansas City
Perry Bancshares, I n c . , Perry, Oklahoma, for approval
to acquire at least 80 percent of the voting shares
of Exchange Sank and Trust Company, Perry, Oklahoma.
v
Dallas
Oaklawn Financial Corporation, Texarkana, Texas, for
approval to acquire 100 percent of the voting shares
of F i r s t Bank and Trust, Redwater, Redwater, Texas
and F i r s t Bank and Trust, Hooks, Hooks, Texas. ]_/
Dallas
LaSalle Bancshares, I n c . , Jena, Louisiana, for approval
to acquire at least 80 percent of the voting shares
of The LaSalle State Bank, Jena, Louisiana. 1/
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 31
- 10 ACTIONS OF THE BOARD-Continued
Dallas
Lower Rio Grande Valley Bancshares, I n c . , La Feria,
Texas, for approval to acquire at least 80 percent
of the voting shares of The F i r s t National Bank of
La Feria, La Feria, Texas; The F i r s t National Bank
of Mercedes, Mercedes, Texas; and Valley National Bank,
Harlingen, Texas, a proposed new bank, j y
Dallas
Telp Corporation, Houston, Texas, for approval to
a c q u i ^ E l Paso National Corporation, El Paso, Texas
and i n d i r e c t l y acquire Border City Bank; Chemical
National Bank; El Paso National Bank; F i r s t State
Bank; Northgate National Bank; East El Paso National
Bank; and West El Paso National Bank, a l l of El Paso,
Texas. ]_/
Dallas
Red Bird Bancshares, I n c . , Dallas, Texas, for approval to
acquire at least 80 percent of the voting shares of
Red Bird Bank of Dallas, Dallas, Texas, a proposed
new bank. J /
Dallas
United American Bancshares, I n c . , Palestine, I l l i n o i s ,
for approval to acquire at least 98.84 percent of
the voting shares of The F i r s t National Bank of
Palestine, Palestine, Texas. J /
San
Francisco
Transworld Bancorp, Sherman Oaks, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares
of Transworld Bank, Sherman Oaks, C a l i f o r n i a . 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
New York
T7
Approved
Chemical New York Corporation, New York, New York, for
approval to acquire 100 percent of the voting shares
of Chemical F i r s t State Corporation, Wilmington,
Delaware and i n d i r e c t l y 100 percent of the voting
shares (less d i r e c t o r s ' q u a l i f y i n g shares) of Chemical
Bank (Delaware), Wilmington, Delaware, a proposed new
bank. 1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 31
-
11 -
ACTIONS OF THE BOARD-Continued
Atlanta
Citizens and Southern Georgia Corporation, Atlanta,
Georgia, for approval to acquire at least 51 percent
of the voting shares of The Citizens and Southern
Bank of Dalton, Dalton, Georgia. J /
Chicago
Antioch Holding Company, Antioch, I l l i n o i s , for approval to acquire 100 percent of the voting shares
of Wesco Investment Corporation, La Grange, I l l i n o i s
and i n d i r e c t l y West Chicago State Bank, West Chicago,
I l l i n o i s ; F.N.B.C. of La Grange, La Grange, I l l i n o i s
and i n d i r e c t l y F i r s t National Bank of La Grange, La
Grange, I l l i n o i s and New Lenox Holding Company, New
Lenox, I l l i n o i s and i n d i r e c t l y New Lenox State Bank,
New Lenox, I l l i n o i s . J /
Chicago
Community Banks, I n c . , Middleton, Wisconsin, for approval
to acquire 100 percent of the voting shares of Badger
Bankshares Corporation, Monona, Wisconsin and i n d i r e c t l y 54 percent of the voting shares of MononaGrove State Bank, Monona, Wisconsin, y
Kansas City
A f f i l i a t e d Bankshares of Colorado, I n c . , Boulder, Colorado,
for approval to acquire at least 80 percent of the voting
shares of The L i t t l e t o n National Bank, L i t t l e t o n ,
Colorado. J /
Kansas City
Central Bancorporation, I n c . , Central Colorado Company
and C.C.B., I n c . , Denver, Colorado, for approval to
acquire 100 percent of the voting shares of General
Bancorporation, I n c . , Broomfield, Colorado. ]_/
Kansas City
United Banks of Colorado, I n c . , Denver, Colorado, for
approval to acquire 100 percent of the voting shares
of United Bank of Highlands Ranch, N.A., L i t t l e t o n ,
Colorado, a proposed new bank. 1/
Dal las
F i r s t City Bancorporation of Texas, I n c . , Houston, Texas,
for approval to acquire 100 percent of the voting shares
of F i r s t City Bank-West B e l t , N.A., Houston, Texas,
a proposed new bank. JJ
Dal las
F i r s t City Bancorporation of Texas, I n c . , Houston, Texas,
for approval to acquire 100 percent of the voting shares
of F i r s t City National Bank of Fort Worth, Fort Worth,
Texas, a proposed new bank. 1/
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 31
-
12 -
ACTIONS OF THE BOARD-Continued
Dallas
National Bancshares Corporation of Texas, San Antonio,
Texas, for approval to acquire 100 percent of the
voting shares of Peoples Bank, Houston, Texas and
substantially a l l of the assets of P/B Bancshares,
Inc., Houston, Texas. V
Dallas
Northeast United Bancorp, Inc. of Texas, For Worth,
Texas, for approval to acquire at least 25 percent
of the voting shares of Northwest Bank, Roanoke,
Texas, a proposed new bank. 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Dallas
Approved
Texas Commerce Bancshares, inc., Houston, Texas, for
approval to acquire indirectly 100 percent of the
voting shares of El Paso National Corporation, El
Paso, Texas through a merger with Telp Corporation,
Houston, Texas.
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Atlanta
Atlanta
V
Approved
Citizens and Southern Georgia Corporation, Atlanta,
Georgia, for approval to acquire certain assets of
Lloyd of Louisiana Finance Company, I n c . , Harvey,
Louisiana. J /
First National Corporation of Jacksonville, Jacksonville,
Florida, for approval to engage in the sale, as agent,
of credit l i f e and credit accident and health insurance
directly related to extensions of credit by The First
National Bank of Jacksonville, Jacksonville, Alabama. 1/
Application processed on behalf of the Board of Governors under delegated
authority.
I
H.2, 1982 No. 31
13 ACTIONS OF THE BOARO-Continued
Minneapolis
East Central Holding Company, Cambridge, Minnesota, for
approval to acquire Isanti Agency, Inc., a company
engaging in general insurance activities in Isanti,
Minnesota, a community with a population of less than
5,000. J /
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota, for
approval to acquire 100 percent of the voting shares
of Dial Corporation, Des Moines, Iowa.
Dallas
Texas Commerce Bancshares, I n c . , Houston, Texas, and
Telp Corporation, Houston, Texas, for approval to
acquire the assets of Trans Texas International Company, Trans Commonwealth Associates and El Paso
National General Agency, Inc., a l l of El Paso, Texas. _]_/
New York
V
Delayed
Citicorp, New York, New York, requests permission to establish a de novo office of i t s subsidiary, Citicorp
Homeowners, Inc. ("CHI") and to expand the activities
of an existing office of its subsidiary, Citicorp Person -to-Person Financial Center of Florida, Inc. ("CPFC")
at the same location; the activities to be engaged in
by CHI and CPFC will include (the making or acquiring
of loans and other extensions of credit, secured or
unsecured, for consumer and other purposes; the making,
acquiring, and servicing for its own account and for
the account of others, of extensions of credit to individuals secured by liens on residential or nonresidential real estate; the sale of credit related l i f e
and accident and health or decreasing or level (in the
case of single payment loans) term l i f e insurance by
licensed agents or brokers, as required; the sale of
mortgage l i f e and mortgage disability insurance directly
related to extensions of mortgage loans; the sale of
consumer oriented financial management courses; and
the servicing, for any person, of loans and other extensions of credit; the proposed service area of CPFC
and CHI shall be comprised of the entire States of
Florida and Georgia for a l l the aforementioned a c t i v i t i e s ;
CPFC w i l l also continue to engage in the previously
approved a c t i v i t i e s of the sale of credit related propperty and casualty insurance protecting real and
personal property subject to a security agreement
with CPFC and to the extent permissible under appli-
Application processed on behalf of the Board of Governors under delegated
authority.
1982 No. 31
- 14 ACTIONS OF THE BOARD-Continued
cable State insurance laws and regulations in i t s
previously approved service area of Georgia; c r e d i t
related l i f e , accident and health insurance may be
written by Family Guardian L i f e Insurance Company,
an a f f i l i a t e of CPFC and CHI) at Barnett Regency
Tower, 9550 Regency Square B l v d . , Suite 301,
Jacksonville, F l o r i d a , through i t s subsidiaries,
Citicorp Person-to-Person Financial Center of
F l o r i d a , Inc. and Citicorp Homeowners, Inc. (7/27/82)
]/
Kansas City
Kansas City
Boston
3J
Central Bancorporation, I n c . , Central Colorado Company and
C.C.B., I n c . , a l l of Denver, Colorado, n o t i f i c a t i o n of
intent to engage in de novo a c t i v i t i e s (in operating as
an underwriter of c r e d i t l i f e , c r e d i t accident and health
insurance which i s d i r e c t l y related to extensions of
c r e d i t made by subsidiaries of Central Bancorporation, Inc.)
at 1421 East Thomas Road, Phoenix, Arizona, and serving the
following counties in the State of Colorado, El Paso, Denver,
Adams, Arapahoe, Jefferson, Boulder, Weld, P i t k i n , Ga rfi e l d ,
Mesa, Douglas, Pueblo, Moffat and Otero, through i t s subs i d i a r y , Central Bancorp Life Insurance Company (7/28/82)
2/
Reactivated
AmeriCorp, Shawnee, Oklahoma, n o t i f i c a t i o n of intent to
engage in de novo a c t i v i t i e s (the sale of l i f e , accident and health, and mortgage cancellation insurance
d i r e c t l y related to extensions of c r e d i t by AmeriCorp's
subsidiary bank, American National Bank and Trust
Company of Shawnee, Shawnee, Oklahoma) at 201 North
Broadway, Shawnee, Oklahoma, serving Pottawatomie
County, Oklahoma (7/28/82) 3/
Permitted
F i r s t National Boston Corporation, Boston, Massachusetts,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
(mortgage banking a c t i v i t i e s and the servicing of mortgage loans, furnishing economic or f i n a n c i a l informat i o n on real estate matters and providing p o r t f o l i o
investment advice concerning real estate matters) at
700 North Pearl Street, Dallas, Texas, serving Arizona,
Arkansas, C a l i f o r n i a , Colorado, Kansas, Louisiana,
Missouri, Nevada, New Mexico, Oklahoma, Texas and Utah,
through i t s subsidiary, F i r s t of Boston Mortgage Corporation (7/31/82) 3/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 31
- 15 ACTIONS OF THE BOARD-Continued
New York
The Bank of New York Company, I n c . , New York, New York,
requests permission to establish de novo o f f i c e s engaging
the following a c t i v i t i e s (making loans secured by f i r s t
and second mortgages on real estate consisting of
one-to-four family residential properties to customers
in Shasta and Los Angeles counties, California) at
999 Mission oe Oro, Redding, C a l i f o r n i a ; 836 East
Avenue " J " , Suite B, Lancaster, California and 524
Second Street, Davis, C a l i f o r n i a , the proposed service
area i s the California counties: Los Angeles, Shasta,
and Yolo, through i t s subsidiary, Arcs Mortgage, Inc.
(7/28/82) 3/
New York
Chemical New York Corporation, New York, New York,
requests permission to establish a de novo o f f i c e
engaging in the following a c t i v i t i e s (in a c t i v i t i e s
that may be carried on by an investment adviser, i n cluding o f f e r i n g p o r t f o l i o investment advice to
i n d i v i d u a l s , corporations, governmental e n t i t i e s and
other i n s t i t u t i o n s on both a discretionary and nondiscretionary basis) at 1300 Dove Street, Newport Beach,
C a l i f o r n i a , serving the area of Southern C a l i f o r n i a ,
through i t s subsidiary, Van Deventer & Hoch (7/30/82) 3/
New York
C i t i c o r p , New York, New York, requests permission to establ i s h a de novo o f f i c e of i t s subsidiary, Citicorp Homeowners, Inc. ("CHI") and to expand the a c t i v i t i e s of an
e x i s t i n g o f f i c e of i t s subsidiary, Citicorp Person-toPerson Financial. Center of F l o r i d a , Inc. ("CPFC") at the
same locations, the a c t i v i t i e s in which the proposed de
novo o f f i c e of CHI w i l l engage are (the making or acquiring of loans and other extensions of c r e d i t , secured or
unsecured, for consumer and other purposes; the sale of
c r e d i t related l i f e and accident and health or decreasing or level (in the case of single payment loans) term
l i f e insurance by licensed agents or brokers, as required;
the sale of consumer oriented financial management courses
the servicing, for any person, of loans and other extensions of c r e d i t ; the making, acquiring and servicing, for
i t s own account and for the account of others, of extensions of c r e d i t to individuals secured by liens on
r e s i d e n t i a l or non-residential real estate; and the sale
of mortgage l i f e and mortgage d i s a b i l i t y insurance d i -
57
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, 1982 No. 31
-
16 -
ACTIONS OF THE BQARD-Continued
r e c t l y related to extensions of mortgage loans; the proposed service area for the de novo o f f i c e shall be
comprised of the e n t i r e State of Florida for a l l the
aforementioned a c t i v i t i e s ; the new a c t i v i t i e s in which
CPFC proposes to engage de novo are: the making, acquiring and servicing, for i t s own account and for the account of others, of extensions of c r e d i t to individuals
secured by liens on residential or non-residential real
estate; and the sale of mortgage l i f e and mortgage disa b i l i t y insurance d i r e c t l y related to extensions of
mortgage loans; the proposed service area for the
aforementioned a c t i v i t i e s shall be comprised of the
e n t i r e State of Florida; c r e d i t related l i f e , accident
and health insurance may be written by Family Guardian
L i f e Insurance Company, an a f f i l i a t e of CHI and CPFC) at
7261 U.S. 19th North, Pinellas Park, F l o r i d a , through i t s
subsidiaries, Citicorp Homeowners, Inc. and Citicorp
Person-to-Person Financial Center of F l o r i d a , Inc.
(7/25/82) _3/
New York
JJ
C i t i c o r p , New York, New York, requests permission to establ i s h a de novo o f f i c e of i t s subsidiary, Citicorp Homeowners, Inc. and to expand the a c t i v i t i e s and service
area of two e x i s t i n g o f f i c e s of Citicorp Person-to-Person
Financial Center, Inc. and Citicorp Person-to-Person F i nancial Center of I l l i n o i s , Inc. at the same l o ca ti o n ;
the new a c t i v i t i e s in which the o f f i c e s of Citicorp
Person-to-Person Financial Center, Inc. and Citicorp
Person-to-Person Financial Center of I l l i n o i s , Inc.
propose to engage de novo are (the making, acquiring,
and servicing, for i t s own account and for the account
of others, of extensions of c r e d i t to individuals
secured by liens on residential or non-residential
real estate; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans; the proposed service area
for the aforementioned proposed a c t i v i t i e s shall be
comprised of the e n t i r e State of I l l i n o i s ; the proposed
expanded service area of the Citicorp Person-to-Person
Financial Center, Inc. o f f i c e shall be the e n t i r e
State of I l l i n o i s for a portion of i t s previously
approved a c t i v i t i e s , s p e c i f i c a l l y , the making or
acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, for consumer and other purposes;
the sale of c r e d i t related l i f e and accident and health
or decreasing or level (in the case of single payment
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, 1982 No. 31
- 17 ACTIONS OF THE BOARP-Continued
loans) term l i f e insurance by licensed agents or brokers,
as required; the sale of consumer oriented f i n a n c i a l
management courses; and the servicing, for any person,
of loans and other extensions of c r e d i t ; the proposed
expanded service area of the CPTP-I11inois o f f i c e shall
be the e n t i r e State of I l l i n o i s for a portion of i t s
previously approved a c t i v i t i e s , s p e c i f i c a l l y , the making
or acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, for consumer and other purposes;
the sale of c r e d i t related l i f e and accident and health
or decreasing or level (in the case of single payment
loans) term l i f e insurance by licensed agents or brokers,
as required; the extensions of loans to dealers for the
financing of inventory ( f l o o r planning) and working capital
purposes; the sale of consumer oriented financial management courses; and the servicing, for any person, of
loans and other extensions of c r e d i t ; the a c t i v i t i e s in
which the proposed de novo o f f i c e of C i t i c o r p Homeowners,
Inc. w i l l engage are: the making or acquiring of loans and
other extensions of c r e d i t , secured or unsecured, for
consumer and other purposes; the sale of c r e d i t related
l i f e and accident and health or decreasing or level (in
the case of single payment loans) term l i f e insurance
by licensed agents or brokers, as required; the sale of
consumer oriented financial management courses; the serv i c i n g , for any person, of loans and other extensions of
c r e d i t ; the making, acquiring and servicing, for i t s own
account and for the account of others, of extensions of
c r e d i t to individuals secured by liens on residential or
non-residential real estate; and the sale of mortgage
l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related
to extensions of mortgage loans; the proposed service
area of Citicorp Homeowners, Inc. shall be comprised
of the e n t i r e State of I l l i n o i s for a l l the aforementioned
a c t i v i t i e s ; c r e d i t related l i f e , accident and health
insurance may be written by Family Guardian Life Insurance Company, an a f f i l i a t e of C i t i c o r p Person-to-Person
Financial Center, I n c . , C i t i c o r p Person-to-Person F i nancial Center of I l l i n o i s , Inc. and C i t i c o r p Homeowners, Inc.) at Woodfield Plaza, 999 Plaza Drive, Schaumburg,
I l l i n o i s , through i t s subsidiaries, Citicorp Homeowners,
I n c . , C i t i c o r p Person-to-Person Financial Center, Inc.
and C i t i c o r p Person-to-Person Financial Center of
I l l i n o i s , Inc. (7/30/82) 3/
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 .
H.2, 1982 No. 31
-
18 -
ACTIONS OF THE BOARD-Continued
New York
3/
C i t i c o r p , New York, New York, requests permission to establ i s h a de novo o f f i c e of i t s subsidiary, Citicorp Homeowners Tnc. and to expand the a c t i v i t i e s of an existing
o f f i c e of Citicorp Person-to-Person Mortgage Corporation
at the same location; the new a c t i v i t i e s in which the
o f f i c e of Citicorp Person-to-Person Mortgage Corporation
proposes to engage de novo are (the making, acquiring and
servicing, for i t s own account and for the account of
others, of extensions of c r e d i t to individuals secured by
liens on residential or non-residential real estate; and
the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to exensions of mortgage loans; the
proposed service area for the aforementioned proposed
a c t i v i t i e s shall be comrised of the e n t i r e States of
Ohio and Indiana; the a c t i v i t i e s in which the proposed
de novo office of Citicorp Homeowners, Inc. w i l l engage
are: the making or acquiring of loans and other extensions of credit, secured or unsecured, for consumer and
other purposes; the sale of c r e d i t related l i f e and
accident and health or decreasing or level (in the
case of single payment loans) term l i f e insurance
by licensed agents or brokers, as required; the
sale of consumer oriented financial management
courses; the servicing, for any person, of loans
and other extensions of credit; the making, acquiring and servicing, for its own account and for the
account of others, of extensions of credit to i n dividuals secured by liens on r e s i d e n t i a l or nonresidential real estate; and the sale of mortgage
l i f e and mortgage disability insurance d i r e c t l y
related to extensions of mortgage loans; the proposed service area of Citicorp Homeowners, Inc.
shall be comprised of the entire States of Ohio and
Indiana for a l l the aforementioned a c t i v i t i e s ; credit
related l i f e , accident and health insurance may be
written by Family Guardian Life Insurance Company,
an a f f i l i a t e of Citicorp Person-to-Person Mortgage
Corporation and Citicorp Homeowners, Inc.) at Rockside Square I I , Suite 103, 6133 Rockside Road,
Independence, Ohio, through i t s subsidiaries,
Citicorp Homeowners, Inc. and Citicorp Person-toPerson Mortgage Corporation (7/30/82) 3/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
. 2 . 198? No. 31
- 19 ACTIONS OF THE BOARD-Continued
New iork
C i t i c o r p , New York, New York, requests permission to est a b l i s h a de novo o f f i c e of i t s subsidiary, C i t i c o r p
Homeowners, Inc. ("CHI") and to expand the a c t i v i t i e s
of two e x i s t i n g o f f i c e s of i t s subsidiaries, C i t i c o r p
Person-to-Person Financial Center, Inc. ("CPFC") and
C i t i c o r p Person-to-Person Mortgage Corporation ("CPMC")
at the same location; the proposed a c t i v i t i e s in which
the de novo o f f i c e of CHI w i l l engage are (the making
or acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, for consumer and other purposes;
the sale of c r e d i t related l i f e and accident and health
or decreasing or level (in the case of single payment
loans) term l i f e insurance by licensed agents or brokers,
as required; the sale of consumer oriented financial
management courses; the servicing, for any person, of
loans and other extensions of c r e d i t ; the making, acquiring and s e r v i c i n g , for i t s own account and f o r the account of others, of extensions of c r e d i t to individuals
secured by liens on residential or non-residential real
estate; and the sale of mortgage l i f e and mortgage disa b i l i t y insurance d i r e c t l y related to extensions of
mortgage loans; the proposed service area of CHI shall
be comprised of the e n t i r e State of Ohio for a l l the
aforementioned a c t i v i t i e s ; c r e d i t related l i f e , accident, and health insurance may be w r i t t e n by Family
Guardian L i f e Insurance Company, an a f f i l i a t e of
CHI, CPFC and CPMC) at 2003 Morse Road, Columbus, Ohio,
through i t s subsidiaries, C i t i c o r p Homeowners, I n c . ,
C i t i c o r p Person-to-Person Financial Center, Inc. and
C i t i c o r p Person-to-Person Mortgage Corporation
(7/30/82) 3/
New York
C i t i c o r p , New York, New York, requests permission to establ i s h two de novo o f f i c e s of i t s subsidiary, C i t i c o r p Homeowners, Inc. and to expand the a c t i v i t i e s of two e x i s t ing o f f i c e s of C i t i c o r p Person-to-Person Financial
Center, Inc. at those same locations; the new a c t i v i t i e s
in which the o f f i c e s of C i t i c o r p Person-to-Person F i nancial Center, Inc. propose to engage de novo are (the
making, acquiring and servicing, for i t s own account and
for the account of others, of extensions of c r e d i t to
individuals secured by liens on residential or nonresidential real estate; and the sale of mortgage l i f e
and mortgage d i s a b i l i t y insurance d i r e c t l y related to
extensions of mortgage loans; the proposed service area
of each of the C i t i c o r p Person-to-Person offices for the
aforementioned proposed a c t i v i t i e s shall be comprised of
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, 1982 No. 31
- 2 0 -
ACTIONS OF THE BOARD-Continued
the e n t i r e State of V i r g i n i a ; the a c t i v i t i e s in which the
proposed de novo o f f i c e s of C i t i c o r p Homeowners, Inc. w i l l
engage are: the making or acquiring of "oans and othe '
extensions of c r e d i t , secured or unsecured, for consumer
and other purposes; the sale of c r e d i t related l i f e and
accident and health or decreasing or level ( i n the case
of single payment loans) term l i f e insurance by licensed
agents or brokers, as required; the sale of consumer oriented
f i n a n c i a l management courses; the s e r v i c i n g , f o r any
person, of loans and other extensions of c r e d i t ; the
making, acquiring and s e r v i c i n g , f o r i t s own account
and for the account of others, of extensions of c r e d i t
to individuals secured by l i e n s on r e s i d e n t i a l or
non-residential real estate; and the sale of mortgage
l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans; the proposed
service areas of the de novo o f f i c e s of C i t i c o r p Homeowners , Inc. shall be comprised of the e n t i r e State of
V i r g i n i a f o r a l l the aforementioned a c t i v i t i e s ; c r e d i t
related l i f e , accident and health insurance may be
w r i t t e n by Family Guardian L i f e Insurance Company, an
a f f i l i a t e of C i t i c o r p Person-to-Person Financial
Center, Inc. and C i t i c o r p Homeowners, I n c . ) at 503
Libbie Avenue, Richmond, V i r g i n i a and 5718 E. V i r g i n i a
Beach Boulevard, N o r f o l k , V i r g i n i a , through i t s subs i d i a r i e s , C i t i c o r p Homeowners, Inc. and C i t i c o r p
Person-to-Person Financial Center, Inc. (7/30/82) 3/
New York
37
C i t i c o r p , New York, New York, requests permission t o establ i s h three de novo o f f i c e s of i t s s u b s i d i a r y , C i t i c o r p
Homeowners, Inc. and to expand the a c t i v i t i e s and service area of three e x i s t i n g o f f i c e s of C i t i c o r p Personto-Person Financial Center, I n c . at those same l o c a t i o n s ;
the new a c t i v i t i e s in which the o f f i c e s of C i t i c o r p Personto-Person Financial Center, Inc. propose to engage de novo
are (the making, acquiring and s e r v i c i n g , f o r i t s own
account and for the account of others, of extensions of
c r e d i t to i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l
or non-residential real estate; and the sale of mortgage
l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related
to extensions of mortgage loans; the proposed service area
of each of the C i t i c o r p Person-to-Person o f f i c e s f o r the
aforementioned proposed a c t i v i t i e s shall be comprised of
the e n t i r e State of Louisiana; the proposed expanded ser-
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, 1982 No. 31
-
21 -
ACTIONS OF THE BOARD-Continued
vice areas of the C i t i c o r p Person-to-Person o f f i c e s shall
be the e n t i r e State of Louisiana for a portion of t h e i r
previously approved a c t i v i t i e s , s p e c i f i c a l l y , the making
or acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, for consumer and other purposes;
the extension of loans to dealers for the financing of
inventory ( f l o o r planning) and working capital purposes;
the purchasing and servicing for i t s own account of sales
finance contracts; the sale of c r e d i t related l i f e and
accident and health or decreasing or level (in the case
of single payment loans) term l i f e insurance by licensed
agents or brokers, as required; the sale of consumer
oriented f i n a n c i a l management courses; and the servicing,
for any person, of loans and other extensions of c r e d i t ;
the a c t i v i t i e s in which the proposed de novo o f f i c e s of
C i t i c o r p Homeowners, Inc. w i l l engage are: the making
or acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, for consumer and other purposes;
the sale of c r e d i t related l i f e and accident and health
or decreasing or level ( i n the case of single payment
loans) term l i f e insurance by licensed agents or brokers,
as required; the sale of consumer oriented f i n a n c i a l
management courses; the servicing, f o r any person, of
loans and other extensions of c r e d i t ; the making,
acquiring and servicing, f o r i t s own account and f o r
the account of others, of extensions of credit t o
individuals secured by liens on residential or nonresidential real estate; and the sale of mortgage l i f e
and mortgage d i s a b i l i t y insurance d i r e c t l y related to
extensions of mortgage loans; the proposed service area
of the de novo o f f i c e s of C i t i c o r p Homeowners, Inc.
shall be comprised of the e n t i r e State of Louisiana for
a l l the aforementioned a c t i v i t i e s ; c r e d i t related l i f e ,
accident, and health insurance may be written by Family
Guardian L i f e Insurance Company, an a f f i l i a t e of Citicorp
Person-to-Person Financial Center, Inc. and Citicorp
Homeowners, I n c . ) at 9029 Mansfield Road, Suite 103,
Shreveport, Louisiana; 3621 Veterans Memorial Boulevard,
Metairie, Louisiana; and Aurora V i l l a g e , 4132 General
DeGaulle Drive, New Orleans, Louisiana, through i t s
subsidiaries, C i t i c o r p Homeowners, Inc. and Citicorp
Person-to-Person Financial Center, Inc. (7/30/82) 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, 1982 No. 31
- 2 2 -
ACTIQNS OF THE BQARD-Continued
New York
3/
C i t i c o r p , New York, New York, requests permission to establ i s h a de novo o f f i c e of i t s subsidiary, C i t i c o r p Homeowners, Inc. and to expand the a c t i v i t i e s and service
area of an e x i s t i n g o f f i c e of i t s subsidiary, Citicorp
Person-to-Person Financial Center, Inc. at the same
locat ion; the new a c t i v i t i e s in which the Citicorp Personto-Person Financial Center, Inc. o f f i c e proposes to
engage de novo are (the making, acquiring and servicing,
for i t s own account and f o r the account of others, of
extensions of c r e d i t to individuals secured by liens on
residential or non-residential real estate; and the sale
of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y
related to extensions of mortgage loans; the proposed service area for the aforementioned proposed a c t i v i t i e s shall
be comprised of the entire States of Kansas and Missouri;
the proposed expanded service area of the C i t i c o r p Personto-Person Financial Center, Inc. o f f i c e shall be the entire
States of Kansas and Missouri for a portion of i t s previously
approved a c t i v i t i e s , s p e c i f i c a l l y , the making or acquiring
of loans and other extensions of c r e d i t , secured or unsecured,
for consumer and other purposes; the sale of c r e d i t related
l i f e and accident and health or decreasing or level (in the
case of single payment loans) term l i f e insurance by
licensed agents or brokers, as required; the sale of consumer oriented financial management courses; and the serv i c i n g , for any person, of loans and other extensions of
c r e d i t ; the a c t i v i t i e s in which the proposed de novo o f f i c e
of C i t i c o r p Homeowners, Inc. w i l l engage are: the
making or acquiring of loans and other extensions
of c r e d i t , secured or unsecured, for consumer and
other purposes; the sale of c r e d i t related l i f e
and accident and health or decreasing or level ( i n
the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the
sale of consumer oriented f i n a n c i a l management
courses; the servicing, for any person, of loans
and other extensions of c r e d i t ; the making, acquiring and s e r v i c i n g , for i t s own account and for the
account of others, of extensions of c r e d i t to i n dividuals secured by liens on residential or nonresidential real estate; and the sale of mortgage
l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans; the proposed
service area of C i t i c o r p Homeowners, Inc. shall be
comprised of the entire States of Kansas and Missouri
for a l l the aforementioned a c t i v i t i e s ; c r e d i t re-
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, 1982 No. 31
-23ACTIONS OF THE BOARD-Continued
lated l i f e , accident and health insurance may be
written by Family Guardian Life Insurance Company, an
a f f i l i a t e of Citicorp Person-to-Person Financial
Center, Inc. and Citicorp Homeowners, Inc.) at 300
Pennsylvania National Building, 4370 W. 109 Street,
Overland Park, Kansas, through its subsidiaries,
Citicorp Person-to-Person Financial Center, Inc. and
Citicorp Homeowners, Inc. (7/30/82) 3/
New York
Citicorp, New York, New York, requests permission to establish a de novo office of its subsidiary, Citicorp Personto-Person Financial Center, Inc. ("CPFC") and to expand
the a c t i v i t i e s of an existing office of i t s subsidiary,
Citicorp Homeowners, Inc. ("CHI") at the same location;
the a c t i v i t i e s to be engaged in by CPFC and CHI w i l l
include (the making or acquiring of loans and other extensions of c r e d i t , secured or unsecured, for consumer
and other purposes; the making, acquiring and servicing
for i t s own account and for the account of others, of
extensions of credit secured by liens on residential
or non-residential real estate; the sale of credit related l i f e and accident and health or decreasing or level
(in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale
of mortgage l i f e and mortgage disability insurance directly related to extensions of mortgage loans; the
sale of consumer oriented financial managmenet courses;
and the servicing, for any person, of loans and other
extensions of credit; the proposed service area of CPFC
and CHI shall be comprised of the entire State of Texas
and for a l l the aforementioned a c t i v i t i e s ; credit related
l i f e , accident and health insurance may be written by
Family Guardian Life Insurance Company, an a f f i l i a t e of
CPFC and CHI) at 5360 Fredericksberg Road, Suite 100,
San Antonio, Texas, through i t s subsidiaries, Citicorp
Person-to-Person Financial Center, Inc. and Citicorp
Homeowners, Inc. (7/30/82) 3/
New York
Citicorp, New York, New York, requests permission to establish a de novo office of i t s subsidiary, Citicorp Homeowners, Inc. ("CHI") and to expand the a c t i v i t i e s and
service area of an existing office of i t s subsidiary,
Citicorp Person-to-Person Financial Center of Florida,
Inc. ("CPFC") at the same location; the proposed a c t i v i t i e s
in which the de novo o f f i c e of CHI w i l l engage are (the
making or acquiring of loans and other extensions of
3/ 4 ( c ) ( 8 ) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
- 24 -
H.2, 1982 No. 31
ACTIONS OF THE BOARD-Continued
credit, secured or unsecured, for consumer and other
purposes; the making, acquiring and servicing for i t s
own account and for the account of others, of extensions of credit to individuals secured by liens on
residential and non-residential real estate; the sale
of credit related l i f e and accident and health or decreasing or level (in the case of single payment loans)
term l i f e insurance by licensed agents or brokers; the
sale of mortgage l i f e and mortgage disability insurance
directly related to extensions of mortgage loans; the
sale of consumer oriented financial management courses;
and the servicing, for any person, of loans and other
extensions of credit; the proposed service area of the
de novo office of CHI shall be comprised of the entire
State of Florida for all the aforementioned proposed
a c t i v i t i e s ; the proposed activities in which CPFC will
engage are: the making, acquiring, and servicing, for
its own account and for the account of others, of
extensions of credit to individuals secured by liens
on residential or non-residential real estate; and
the sale of mortgage l i f e and mortgage disability
insurance directly related to extensions of mortgage
loans; the proposed service area for the de novo
activities shall be comprised of the entire State
of Florida; the proposed expanded service area of
CPFC shall be comprised of the entire State of Florida
for a portion of its previously approved a c t i v i t i e s ,
specifically, the sale of credit related l i f e and
accident and health or decreasing or level (in the
case of single payment loans) term l i f e insurance
by licensed agents or brokers, as required; credit
related l i f e , accident, and health insurance may be
written by Family Guardian Life Insurance Company, an
a f f i l i a t e of CPFC and CHI) at Center Point Office
Building, 4000 N. State Road 7, Fort Lauderdale,
Florida, through its subsidiaries, Citicorp Homeowners, Inc. and Citicorp Person-to-Person Financial
Center, Inc. (7/30/82) 3/
New York
Citicorp, New York, New York, requests permission to establish a de novo office of its subsidiary, Citicorp
Homeowners, Inc. ("CHI") and to expand the activities
and service area of an existing office of its subsidi a r y , Citicorp Person-to-Person Financial Center, Inc.
("CPFC") at the same location; the proposed a c t i v i t i e s
in which the de novo office of CHI w i l l engage are (the
3/ 4(c)(8) notification processed by Reserve Bank on behal of the Board
of Governors under delegated authority.
H.2, 1982 No. 31
- 25 ACTIONS OF THE BQARD-Continued
making or acquiring of loans and other extensions of
credit, secured or unsecured, for consumer and other
purposes; the sale of credit related l i f e and accident and health or decreasing or level (in the case
of single payment loans) term l i f e insurance by licensed
agents or brokers, as required; the sale of consumer
oriented management courses; the servicing, for any
person, of loans and other extensions of credit; the
making, acquiring and servicing, for i t s own account
and for the account of others, of extensions of credit
to individuals secured by liens on residential or nonresidential real estate; and the sale of mortgage l i f e
and mortgage disability insurance directly related to
extensions of mortgage loans; the proposed service area of
the de novo office of CHI shall be comprised of the entire
State of Georgia for all the aforementioned proposed
a c t i v i t i e s ; the proposed activities in which CPFC will engage
are: the making, acquiring, and servicing, for its own account
and for the account of others, of extensions of credit to
individuals secured by liens on residential or nonresidential real estate; and the sale of mortgage l i f e
and mortgage disability insurance directly related to
extensions of mortgage loans; the proposed service area
for the aforementioned proposed activities shall be
comprised of the entire State of Georgia; the proposed
expanded service area of CPFC shall be comprised of the
entire State of Georgia for a portion of i t s previously approved a c t i v i t i e s , specifically, the making or acquiring of loans and other extensions of
credit, secured or unsecured, for consumer and other
purposes; the sale of credit related l i f e and accident and health or decreasing or level (in the case
of single payment loans) term l i f e insurance by
licensed agents or brokers, as required; the sale of
consumer oriented financial management courses; and
the servicing, for any person, of loans and other
extensions of credit; credit related l i f e , accident
and health insurance may be written by Family
Guardian Life Insurance Company, an a f f i l i a t e of CPFC
and CHI) at Southlake I I Shopping Center, 1336 Morrow
Ind. Blvd., Morrow, Georgia, through its subsidiaries,
Citicorp Person-to-Person Financial Center, Inc. and
Citicorp Homeowners, Inc. (7/29/82) 3/
3/
~
4(c)(8) notofication processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 31
-
26 -
ACTIONS OF THE BOARD-Continued
New York
3?
Citicorp, New York, New York, requests permission to establish a de novo office of its subsidiary, Citicorp
Homeowners, Inc. ("CHI") and to expand the activities
and service area of an existing office of its subsidiary, Citicorp Person-to-Person Financial Center of
Florida ("CPFC") at the same location; the proposed
activities in which CHI will engage are (the making
or acquiring of loans and other extensions of credit,
secured or unsecured, for consumer and other purposes;
the sale of credit related l i f e and accident and health
or decreasing or level (in the case of single payment
loans) term l i f e insurance by licensed agents or brokers,
as required; the sale of consumer oriented financial
management courses; the servicing, for any person, of
loans and other extensions of credit; the making,
acquiring, and servicing, for its own account and for
the account of others, of extensions of credit to individuals secured by liens on residential or nonresidential real estate; and the sale of mortgage l i f e
and mortgage disability insurance directly related to
extensions of mortgage loans; the proposed service area
of the de novo office of CHI shall be comprised of the
entire "State of Florida for a l l the aforementioned
a c t i v i t i e s ; the proposed activities in which CPFC will
engage are: the making, acquiring and servicing, for
its own account and for the account of others, of extensions of credit to individuals secured by liens on
residential or non-residential real estate; and the sale
of mortgage l i f e and mortgage disability insurance
directly related to extensions of mortgage loans; the
proposed service area for the aforementioned proposed
activities shall be comprised of the entire State of
Florida; the proposed expanded service area of CPFC shall
be comprised of the entire State of Florida for a portion
of i t s previously approved a c t i v i t i e s , specifically,
the sale of credit related l i f e and accident and health
or decreasing or level (in the case of single payment
loans) term l i f e insurance by licensed agents or brokers,,
as required; credit related l i f e , accident and health
insurance may be written by Family Guardian Life Insurance Company, an a f f i l i a t e of CPFC and CHI) at Dale
Mabry Executive Center, 3725 Grace Street West, Suite
100, Tampa, Florida, through its subsidiaries, Citicorp
Person-to-Person Financial Center of Florida, Inc. and
Citicorp Homeowners, Inc. (7/29/82) 3/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 31
- 27 ACTIONS OF THE BOARD-Continued
New York
Citicorp, New York, New York, requests permission to expand the activities of two existing offices of its
subsidiaries, Citicorp Homeowners, Inc. ("CHI") and
Citicorp Person-to-Person Financial Center, Inc.
("CPFC") at the same location; the new activities in
which the office of CHI w i l l engage de novo are (the
making or acquiring of loans and other extensions of
credit, secured or unsecured, for consumer and other
purposes; the making, acquiring and servicing for its
own account and for the account of others, of extensions of credit to individuals secured by liens on
residential or non-residential real estate; the sale
of credit related l i f e and accident and health or
decreasing or level (in the case of single payment
loans) term l i f e insurance by licensed agents or
brokers, as required; the sale of mortgage l i f e and
mortgage disability insurance directly related to
extensions of mortgage loans; the sale of consumer
oriented financial management courses; and the servicing, for any person, of loans and other extensions of credit, the proposed service area of CHI
shall be comprised of the entire State of Texas for
a l l the aforementioned a c t i v i t i e s ; the new activities
in which the office of CPFC will engage de novo are:
the making, acquiring and servicing, for its own
account and for the account of others, of extensions
of credit to individuals secured by liens on residential
or non-residential real estate; and the sale of mortgage l i f e and mortgage disability insurance directly related
to extensions of mortgage loans; the proposed service area
for the aforementioned activities shall be comprised of
the entire State of Texas; credit related l i f e , accident
and health insurance may be written by Family Guardian
Life Insurance Company, an a f f i l i a t e of CPFC and CHI)
at 5501 LBJ Freeway, Dallas, Texas, through its subsidiaries, Citicorp Person-to-Person Financial Center, Inc.
and Citicorp Homeowners, Inc. (7/29/82) 3/
New York
Citicorp, New York, New York, requests permission to
establish a de novo office of its subsidiary, Citicorp
Person-to-Person Financial Center, Inc. ("CPFC") and
to expand the activities of an existing office of
Citicorp Homeowners, Inc. ("CHI") at the same location; the activities to be engaged in by CPFC and CHI
will include (the making or acquiring of loans and
other extensions of credit, secured or unsecured,
ij
notification processed by Reserve Bank on behalf of the Board
~~ of Governors under delegated authority.
H.2, 1982 No. 31
-
28 -
ACTIONS OF THE BOARP-Continued
for consumer and other purposes; the making, acquiring,
and servicing for its own account and for the account
of others, of extensions of credit secured by liens
on residential or non-residential real estate; the
sale of credit related l i f e and accident and health
or deceasing or level (in the case of single payment
loans) term l i f e insurance by licensed agents or
brokers, as required; the sale of consumer oriented
financial management courses; and the servicing, for any
person, of loans and other extensions of credit; the
proposed service area of CPFC and CHI shall be comprised
of the entire State of Texas for a l l the aforementioned
a c t i v i t i e s ; credit related l i f e , accident and health
insurance may be written by Family Guardian Life Insurance Company, an a f f i l i a t e of CPFC and CHI) at 6620
Harwln Drive, Houston, Texas, through its subsidiaries,
Citicorp Person-to-Person Financial Center, Inc. and
Citicorp Homeowners, Inc. (7/29/82) 3/
New York
JJ
Manufacturers Hanover Corporation, New York, New York,
requests permission to establish a de novo office
engaging in the following activities (making or acquiring loans and other extensions of credit, secured or
unsecured, such as would be made or acquired by a
finance company under Massachusetts law; servicing
such loans and other extensions of credit; and acting
as agent or broker for the sale of credit l i f e insurance directly related to such extensions of credit;
such activities w i l l include, but not be limited t o ,
making consumer installment loans, purchasing i n s t a l l ment sales finance contracts, making loans and other
extensions of credit secured by real and personal prope r t y , including real estate equity loans, and offering
credit related single l i f e insurance and decreasing or
level (in the case of single payment loans) l i f e insurnace directly related to extensions of credit made or
acquired by Finance One Mortgage of Massachusetts, Inc.,
by licensed agents or brokers, to the extent permissible
under applicable State insurance laws and regulations;
this office w i l l serve the entire State of Massachusetts)
at 15 New England Executive Park, Burlington, Massachusetts,
through its subsidiary, Finance One Mortgage of
Massachusetts, Inc. (7/28/82) V
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 31
-29ACTIONS OF THE BOARD-Continued
Cleveland
Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(making or acquiring and servicing for its own account
and or the account of others, loans and others extensions of credit) in Houston, Texas, serving the greater
metropolitan area of Houston, Texas, through i t s subsidiary , The Kissel1 Company (7/28/82) 3/
Kansas City
AmeriCorp, Shawnee, Oklahoma, notification of intent to
engage in de novo activities (the sale of l i f e , accident and health, and mortgage cancellation insurance
directly related to extensions of credit by AmeriCorp's
subsidiary bank, American National Bank and Trust
Company of Shawnee, Shawnee, Oklahoma) at 201 North
Broadway, Shawnee, Oklahoma, serving Pottawatomie County,
Oklahoma (7/29/82) 3/
Kansas City
Commerce Bancshares, I n c . , Kansas City, Missouri, notification of intent to engage in de novo activities
(commercial, consumer and mortgage financing activities
by making and acquiring secured and unsecured loans and
other extensions of credit such as would be made by a
commercial finance, consumer finance or mortgage company)
at 720 Main Street, Kansas City, Missouri, serving
primarily Missouri, Kansas, Oklahoma, Iowa, I l l i n o i s
and Nebraska (7/30/82)
3/
Kansas City
The First National Bancorporation, Inc., Denver, Colorado,
notification of intent to engage in de novo activities
(acting as agent for the sale of credit l i f e , credit
accident and health insurance to include Applicant's
recently acquired subsidiary bank, Foothills National
Bank, Fort Collins, Colorado) the geographic area to
be served by this office includes the city of Fort
Collins, Larimer County and the western half of Weld
County, through its subsidiary, First Denver Insurance
Agency, Inc. (7/26/82) 2/
Kansas City
Morrow & Keeling, Inc., Chanute, Kansas, notification of
intent to engage in de novo activities (the sale of
credit l i f e , accident and health insurance in connection
with extensions of credit by the Bank of Commerce,
Chanute, Kansas) these activities would by conducted
in the main banking f a c i l i t i e s of The Bank of Commerce,
101 West Main, Chanute, Kansas and would serve the
surrounding rural area (7/30/82) 3/
3/ 4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 31
-30ACTIONS OF THE BOARD-Continued
San
Francisco
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making or acquiring for its own account loans and other
extensions of credit such as would be made or acquired
by a finance company; servicing loans and other extensions of credit; and offering credit related l i f e insurance, credit related accident and health insurance and
credit related property insurance; such activities will
include, but not be limited to, making consumer i n s t a l l ment loans, making loans and other extensions of credit
to small businesses, making loans and other extensions
of credit secured by real property and offering credit
related l i f e , credit related accident and health and
and credit related property insurance directly related to extensions of credit made or acquired by
FinanceAmerica Mortgage Services Inc.) at 2312 High
Point Road, Greensboro, North Carolina, serving the
entire State of North Carolina, through i t s subsidi a r y , FinanceAmerica Mortgage Services, Inc. (a New
Hampshire Corporation) (7/31/82) 3/
San
Francisco
BankAmerica Corporation, San Francisco, California, not i f i c a t i o n of intent to engage in de novo activities
(making or acquiring for their own account loans and
other extensions of credit such as would be made or
acquired by a finance company, servicing loans and
other extensions of credit, and offering credit related l i f e insurance, credit related accident and
health insurance and credit related property insurance in the State of Mississippi and Louisiana; such
activities will include, but not be limited t o , making consumer installment loans, purchasing i n s t a l l ment sales contracts, making loans and other extensions of credit to small businesses, making loans and
other extensions of credit secured by real and personal property and offering credit related l i f e ,
credit accident and health, and credit related property insurance directly related to extensions of
credit made or acquired by both FinanceAmerica Industrial
Plan Inc. and FinanceAmerica Corporation) at 502
Franklin Street, Natchez, Mississippi, serving the
entire States of Mississippi and Louisiana, through
i t s subsidiaries, FinanceAmerica Industrial Plan
Inc. and FinanceAmerica Corporation (both Mississippi
Corporations) (7/30/82) 3/
2 / 4(c)(8) notification processed by Reserve Bank on behalf of the Board
Governors under delegated authority.
H.2, 1982 No. 31
-31ACTIONS OF THE BOARD-Continued
San
Francisco
37
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making or acquiring for its own account loans and other
extensions of credit such as would be made or acquired
by a finance company; such activities will include, but
not be limited t o , making loans and other extensions of
credit of a commercial nature to individuals and
businesses; such loans may be unsecured or secured by
personal assets and residential and commercial real
estate) at 1105 Hamilton Street, Allentown, Pennsylvania,
serving a l l f i f t y States and the District of Columbia
through i t s subsidiary, BA Business Credit Corporation
(a Delaware Corporation) (7/27/82)
3/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
- 32 -
H.2, 1982 No. 31
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Philadelphia
The Bank of New Jersey, Moorestown, Nsw Jersey. To
establish an offsite electronic f a c i l i t y at the Boulder
Run Mall, 319 Franklin Avenue, Wyckoff, New Jersey. 2/
*
*
*
*
*
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections
25 and 25(a) of the Federal Reserve Act and Sections
4(c)(9) and 4(c)(13) of the Bank Holding Company Act
of 1956, as ammended
Boston
Boston Overseas Financial Corporation, an Edge Act subsidiary
of The First tetional Bank of Boston, Boston, Massachusetts:
prior notification of i t s intent to acquire 600,000 additional
Ordinary Shares of the Nigerian - American Merchant Bank
Limited, Lagos, Nigeria.
New York
Marine Midland Bank, Inc., New York, tew York: requests consent to acquire a 50 percent interest in a de novo company,
Wardley Marine International Investment Management Limited,
England.
Chicago
Algemene Bank Nederland N.V.: entered into an agreement
relating to the limitation of deposits by proposed
Seattle branch.
San
Francisco
Producers Bank of the Philippines: request to enter into an
agreement with the Federal Reserve System that i t s Los
Angeles, California, Branch would receive only such deposits
as would be permissible under section 5(a) of the International
Banking Act.
*
*
*
*
*
To Establish a U.S. Branch of an Edge Act Corporation
Pursuant to Section 25(a) of the Federal Reserve Act
New York
TJ
Citibank International, Miami, Florida: requests consent to
establish a branch at the Houston Intercontinental Airport,
Houston, Texas.
ApplicAtiAh subject CO Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 31
- 33 APPLICATIONS RECEIVED-Continued
New York
Citibank International, Miami, Florida: requests consent to
establish a branch at the Miami International Airport,
Miami, Florida.
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Cleveland
Second National Bancorp, Lexington, Kentucky, for approval to
acquire 100 percent of the voting shares of The Second
National Bank and Trust Company of Lexington, Lexington,
Kentucky. 7J
Atlanta
Brantley Bancorp, Inc., Brantley, Alabama, for approval to
acquire at least 80 percent of the voting shares of Brantley
Bank and Trust Company, Brantley, Alabama. _2/
Atlanta
G. S. B. Investments, Inc., Gainesville, Florida, for approve 1
to acquire at least 80 percent of the voting shares of
Gainesville State Bank, Gainesville, Florida. 2/
Atlanta
Union Bancshares, Inc., Livingston, Tennessee, for approval to
acquire at least 80 percent of the voting shares of Union
Bank and Trust Company, Livingston, Tennessee. 2/
Chicago
Lincoln!and Bancshares, Inc., Casey, I l l i n o i s , for approval
to acquire 100 percent of the voting shares (less directors'
qualifying shares) of the successor by merger to The Bank
of Casey, Casey, I l l i n o i s . ^ /
St. Louis
Banlou Corporation, Louisville, Kentucky, for approval to acquire
100 percent of the voting shares of the successor by merger
with Bank of Louisville and Trust Company, Louisville, Kentucky. 2 /
S t . Louis
First Merchants Financial Corporation, Fort Snith, Arkansas,
for approval to acquire at least 80 percent of the voting
shares of The Merchants National Bank of Fort Smith, Fort
Smith, Arkansas. 2/
Minneapolis
Made!1a Holding Corp., Madelia, Minnesota, for approval to
acquire at least 86.8 percent of the voting shares of The
Citizens tetional Bank of Madelia, Madelia, Minnesota. 2/
Tj
~
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
I
H.2, 1982 No. 31
-34APPLICATIONS RECEIVED-Continued
Minneapolis
Northeast Bancorporation, Inc., Minneapolis, Minnesota, for
approval to acquire 97.2 percent of the voting shares of
First American State Bank of Sargeant, Sargeant, Minnesota. 2/
Kansas City
Central of Kansas, Inc., Junction City, Kansas, for approval
to acquire 100 percent of the voting shares of The Central
National Bank of Junction City, Junction City, Kansas which
is the successor by merger to Central of J.C., N.A., Junction
City, Kansas. 2/
Kansas City
First Itetional Columbus Bancorp, Columbus, Nebraksa, for
approval to acquire at least 97.7245 percent or more of
the voting shares of First tetional Bank and Trust, Columbus,
Nebraksa. 2/
Kansas City
Kersey Bancorp, Inc., Kersey, Colorado, for approval to acquire
at least 80 percent of the voting shares of Kersey State Bank,
Kersey, Colorado. 2/
Kansas City
Maple Hill Bancshares, Inc., for approval to acquire 81.62
percent of the voting shares of The Stockgrowers State Bank,
Maple H i l l , Kansas. 2J
Kansas City
Mountain View Bancorporation, Inc., Mountain View, Oklahoma,
for approval to acquire at least 96.94 percent of the voting
shares of The First National Bank of Mountain View, Mountain
View, Oklahoma. 2/
Dallas
B.O.A. Bancshares, Inc., Houston, Texas, for approval to acquire
at least 80 percent of the voting shares of Bank of Almeda,
Houston, Texas. 2J
Dal las
Moody Bancshares, Inc., Galveston, Texas, for approval to
acquire at least 80 percent of the voting shares of The Moody
National Bank of &1 veston, Galveston, Texas. 2/
Dallas
Oaklawn Financial Corporation, Texarkana, Texas, for approval
to acquire 100 percent of the voting shares of First Bank
and Trust, Redwater, Redwater, Texas and First Bank and
Trust, Hooks, Hooks, Texas, both proposed new banks. 2/
San
Francisco
First Financial Bancorp, Lodi, California, for approval to
acquire 100 percent of the voting shares of Bank of Lodi,
N.A., Lodi, California (a proposed new bank). 2J
2/
-
Application subject to Community Reinvestment Act. , The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 31
- 35 APPLICATIONS RECEIVED-Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Richmond
F i r s t & Merchants Corporation, Richmond, V i r g i n i a , for
approval to acquire up to 100 percent of the voting shares
of Main Street National Bank, Wise, V i r g i n i a , successor
by merger to The Wise County National Bank, Wise, V i r g i n i a . 2/
St. Louis
F i r s t Banc Group, I n c . , Centralia, I l l i n o i s , for approval to
acquire 100 percent of the voting shares of Ashley State
Bank, Ashley, I l l i n o i s . 2/
St. Louis
F i r s t Banc Group, I n c . , Centralia, I l l i n o i s , for approval to
acquire 100 percent of the voting shares of The F i r s t State
Bank of Centralia, Centralia, I l l i n o i s . 2/
St. Louis
F i r s t Banc Group, I n c . , Centralia, I l l i n o i s , for approval to
acquire 100 percent of the voting shares of Hoyleton State
& Savings Bank, Hoyleton, I l l i o i s . 2)
Dallas
Cullen/Frost Bankers, I n c . , San Antonio, Texas, for approval
to acquire 100 percent of the voting shares of Cullen Bank/
City West, N.A., Houston, Texas, a proposed new bank. 2/
Dallas
F i r s t City Financial Corporation, Albuquerque, New Mexico,
for approval to acquire 100 percent of the voting shares
of F i r s t City National Bank, Roswell, New Mexico, a proposed
new bank. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston
y
Chittenden Corporation, Burlington, Vermont, n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s (in providing
management consulting advice to n o n a f f i l i a t e d bank and
nonbank depository i n s t i t u t i o n s , including commercial
banks, savings and loan associations, mutual savings banks,
c r e d i t unions, i n d u s t r i a l banks, Morris Plan banks, cooperative banks and i n d u s t r i a l loan companies, on an e x p l i c i t
fee basis; such an a c t i v i t y would be l i m i t e d to advising
c l i e n t s and would not include performing tasks or conducting
operations on a d a i l y or continuing basis) at Two Burlington
Square, Burlington,Vermont, serving the State of Vermont, through
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted as
t o the length of the comment period.
H.2, 1982 No. 31
-36APPLICATIQNS RECEIVED-Continued
through i t s subsidiary, Chittenden Consulting Corporation.
New York
The Hongkong and Shanghai Banking Corporation, Hongkong, K e l l e t ,
N.V., Netherlands A n t i l l e s , HSBC Holdings B.V., The Netherlands
and Marine Midland Banks, I n c . , New York, New York, for approval
to engage through Wardley Marine International Investment
Management Limited, London, England, in investment advisory
services.
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to expand the service area of an existing o f f i c e
(acting as agent or broker for the sale of credit l i f e and
c r e d i t accident and health insurance related to extensions of
c r e d i t made, acquired, or serviced by Manufacturers Hanover
Mortgage Corporation for i t s own account or the account of
others) at 27555 Farmington Road, Farmington H i l l s , Michigan,
serving the e n t i r e United States, through i t s subsidiary, CMC
Insurance Agency, Inc. (7/28/82)
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to expand the service area of f i v e existing o f f i c e s
(arranging, making, or acquiring for i t s own account or for
the account of others loans and other extensions of credit
such as would be made or acquired by a mortgage company;
servicing such loans and other extensions of c r e d i t ; and
acting as agent or broker for the sale of credit l i f e insurance
and c r e d i t accident and health insurance r e l a t i n g to such
loans and other extensions of c r e d i t ) at 30100 Van Dyke Road,
Suite 229, Warren, Michigan, serving customers in Wayne, Oakland,
Macomb, and St. Clair Counties in Michigan; Suite 180, One
Independence Place, 4807 Rockside Road, Independence, Ohio,
serving customers in Cuyahoga, Lake, Lorain, Ashtabula,
Geauga, Mahoning, Medina, Portage, Stark, Summit and Trumbull
Counties in Ohio; 1819 Dobson Road, Mesa, Arizona, serving
customers in the c i t i e s of Mesa and Tempe and in Maricopa,
Coconino, Mohave and Yavapai Counties in Arizona; 2300 Palm
Beach Lakes Boulevard, Suite 208, West Palm Beach, Florida,
serving customers in Palm Beach, Dade, Broward, Martin, St.
Lucie, Monroe, Okeechobee and Indian River counties in Florida
and Suite B-316, 3103 West Peoria Avenue, Phoenix, Arizona,
serving customers in Maricopa, Coconino and Yuma Counties
in Arizona, through i t s subsidary, Manufacturers Hanover
Mortgage Corporation (7/29/82)
Richmond
The Wachovia Corporation, Winston-Salem, North Carolina: noti f i c a t i o n of intent to relocate de novo a c t i v i t i e s (providing
mortgage banking services, including the orgination and processing of r e s i d e n t i a l , construction, development, and income
property mortgage loans, the purchase and sale or placement of
mortgage loans, the administration and servicing of mortgage
H.2, 1982 No. 31
-37APPLICATONS RECEIVED-Continued
loans, the management and sale of properties acquired through
foreclosure or transfers in l i e u of foreclosure, and acting
as agent for c r e d i t l i f e and c r e d i t accident and health insurance and for property and casualty insurance related to extensions of c r e d i t ) from Suite 500, 3915 Snapfinger Parkway,
Decatur, Georgia to Suite I I I , Northlake Henderson M i l l Office
Building, 2296 Henderson M i l l Road, Atlanta, Georgia through
i t s subsidiary, Wachovia Mortgage Company (7/26/82)
Chicago
F i r s t National Bancshares, I n c . , East Lansing, Michigan, for
approval to acquire substantially a l l of the assets of Le Ann
Corporation, East Lansing, Michigan, and thereby engage d i r e c t l y
in the making and acquiring for i t s own account, real estate
loans and other extensions of c r e d i t as would be made by a
mortgage company. The geographic area to be served is the
State of Michigan.
Minneapolis
Dakota Bankshares, I n c . , Fargo, North Dakota, n o t i f i c a t i o n of
intent to engage in de novo a c t i v i t i e s (the making of a l l
types of loans, most t y p i c a l l y , direct consumer loans to
i n d i v i d u a l s , purchasing of installment sales contracts,
accounts receivable financing, and loans secured by second
mortgages) at 510 East Main Avenue, Bismarck, North Dakota,
serving the c i t i e s of Bismarck and Mandan, North Dakota,
through i t s subsidiary, Dakota Financial Services, Inc.
(7/29/82)
Minneapolis
Montana Bancsystem, I n c . , B i l l i n g s , Montana, n o t i f i c a t i o n of
intent to engage in de novo a c t i v i t i e s (in bookeeping and
data processing a c t i v i t i e s , including the operation of
data processing departments to provide data processing
services to i t s member banks and n o n - a f f i l i a t e d banks) at
the F i r s t National Montana Bank of Missoula, Front and
Higgins, Missoula, Montana and at 201 North Broadway,
B i l l i n g s , Montana, serving the state of Montana (7/16/82)
Dallas
F i r s t City Bancorporation of Texas, I n c . , Houston, Texas,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
(in making and acquiring loans and other extensions of
c r e d i t , both secured and unsecured for the purpose of
financing energy development, exploration and related
energy projects) in Houston, Texas, serving the United
States with p r i n c i p a l emphasis on the energy producing
states of Texas» Louisiana, Oklahoma, New Mexico and
Colorado, through a subsidiary, F i r s t City Energy Finance
Company (7/26/82)
H.2, 1982 No. 31
-38APPLICATIONS RECEIVED-Continued
San
Francisco
BankAmericd Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n
of intent to expand de novo a c t i v i t i e s (making or acquiring
for i t s own account Toans and other extensions of credit
such as would be made or acquired by a finance company;
servicing loans and other extensions of c r e d i t ; and the
o f f e r i n g of c r e d i t - r e l a t e d l i f e insurance in New Hampshire,
Maine, Massachusetts and Vermont; c r e d i t - r e l a t e d accident
and health insurance w i l l be offered in a l l states except
Massachusetts; c r e d i t - r e l a t e d property insurance w i l l not
be offered in any of the four states; such a c t i v i t i e s w i l l
include, but not be l i m i t e d t o , making loans and other extensions of credit to consumers and small businesses, purchasing installment sales finance contracts, making loans
secured by real 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 credi t - r e l a t e d accident and health insurance d i r e c t l y
related to extensions of c r e d i t made or acquired by FinanceAmerica Corporation of New Hampshire Inc.) at The Executive
Office Building, Third Floor, 20 Industrial Park Drive,
Nashua, New Hampshire, serving the e n t i r e states of New
Hampshire, Massachusetts and Vermont and 639 Main Street, and
Laconia, New Hampshire, serving the e n t i r e states of New
Hampshire, Maine and Vermont through i t s i n d i r e c t subsidiary,
FinanceAmerica Corporation of New Hampshire I n c . , ( a New
Hampshire Corporation) (7/31/82)
San
Franc i sco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a , noti f i c a t i o n of intent to engage in de novo a c t i v i t i e s (in
making or acquiring for i t s own account or for the account
of others, asset based business loans and other commercial
or i n d u s t r i a l loans and extensions of c r e d i t such as would
be made by f a c t o r i n g , rediscount or commercial finance
companies and leasing and servicing a c t i v i t i e s with respect
to personal property and equipment and real property) at
# 2 Executive Campus B u i l d i n g , Suite 402, Cherry H i l l ,
New Jersey, serving the United States, through i t s subsidiary,
Security Pacific Finance Business Center Inc. (7/27/82)
REPORTS RECEIVED
Ownership Statement Filed Pursuant to Section 13(d)
o f tiie Securities Exchange Act
Peoples Bank of Danville, Danville, Virginia
(Filed by Worth Harris Carter, J r . )
I
- 39 APPLICATIONS RECEIVED-Continupfl
PETITIONS FOR RULEMAKING
@FedFRASER