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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
H.2, 1987 No. 27
Actions of the Board
Applications and Reports Received
During the Week Ending July 4, 1987
ACTIONS OF THE BOARD
Boston

Guaranty Bank and Trust Company, Worcester,
Massachusetts — proposed acquisition of
assets and assumption of liabilities to pay
deposits of three branches of Bank of New
England, N.A., Boston, Massachusetts —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

Boston

Attleborough Saving Bank, Attleborough,
Massachusettss — proposed merger with
Pawtucket Institution For Savings, Pawtucket,
Rhode Island — report to the Federal Deposit
Insurance Corporation on competitive factors.
1/

Boston

Shawmut Bank, N.A., Boston, Massachusetts —
proposed merger with Shawmut Needham Bank,
N.A., Needam, Massachusetts — report to the
Comptroller of the Currency on competitive
factors. 1/

Boston

Shawmut Bank, N.A., Boston, Massachusetts —
proposed merger with Shawmut Quincy Bank and
Trust Company, Quincy, Massachusetts —
report to the Comptroller of the Currency on
competitive factors. 1/

New York

Manufacturers Hanover Trust Company, New
York, New York — investment in bank
premises. 1/

New York

Saban S.A., Panama City, Panama — extension
to October 1, 1987, to purchase additional
shares of Republic New York Corporation, New
York, New York. 1/

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987 No. 27

2

ACTIONS OF THE BOARD - Continued
Cleveland

Crescent Holding Co., Napoleon, Ohio —
extension to October 7, 1987, to acquire The
Henry County Bank. 1/

Cleveland

The First National Bank of Chesterhill,
Chesterhill, Ohio — proposed merger with
Chesterhill Interim National Bank — report
to the Comptroller of the Currency on
competitive factors. 1/

Cleveland

The First National Bank of Carmichaels,
Carmichaels, Pennsylvania — proposed
purchaser of the Washington, Pennsylvania,
office of Cummunity Savigs Association,
Monroeville, Pennsylvania — report to the
Comptroller of the Currency on competitive
factors. 1/

Cleveland

Bank One, Bellaire, N.A., Bellaire, Ohio —
proposed purchase of thirteen offices of Bank
One of Eastern Ohio, N.A., Youngstown, Ohio
— report to the Comptroller of the Currency
on competitive factors. 1/

Cleveland

Allegheny Valley Bank of Pittsburgh,
Pittsburgh, Pennsylvania — proposed merger
with Allegheny Interim State Bank — report
to the Federal Deposit Insurance Corporation
on competitive factors. 1/

Cleveland

Lorain County Bank, Elyria, Ohio —
investment in bank premises. 1/

Richmond

Century Bancshares, Inc., Washington, D.C. -extension to August 16, 1987, to acquire
Century National Bank, Washingto, D.C. 1/

Richmond

First National Bankshares Corporation,
Ronceverte, West Virginia — extension to
September 30, 1987, to acquire The First
National Bank in Ronceverte. 1/

Richmond

Bank of Greenville, Greenville, West
Virginia — investment in bank premises.

Richmond

1/

1/

Farmers and Merchants Bank of Cairo,
Harrisville, West Virginia — proposed merger
with FMC Bank Co. — report to the Federal
Deposit Insurance Corporation on competitive
factors. 1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987 No. 27

3

ACTIONS OF THE BOARD - Continued
Atlanta

Jacksonville State Bank, Jacksonville,
Alabama — proposed merger with Central Bank,
N.A.; and Central Bank of Oxford, N.A.,
Oxford, Alabama — report to the Federal
Deposit Insurance Corporation on competitive
factors. 1/

Atlanta

Barnett Banks of Florida, Inc., Jacksonville,
Florida — extension to September 9, 1987, to
engage de novo in operating credit bureau
activities through Verifications, Inc. 1/

Atlanta

First Brundidge Bancshares, Inc., Brundidge,
Alabama — extension to September 26, 1987,
to acquire The First National Bank of
Brundidge. 1/

Atlanta

SunBanks, Inc., Orlando, Florida, and
SunTrust Banks, Inc., Atlanta, Georgia —
extension to October 21, 1987, to acquire
Peoples Bank of Lakeland, Lakeland, Florida.
1/

Atlanta

First National Bank and Trust Company of
Stuart, Stuart, Florida — proposed merger
with First National Bank and Trust
Company/St. Lucie County, Fort St. Lucie,
Florida — report to the Comptroller of the
Currency on competitive factors. 1/

Atlanta

SafraBank II, N.A., Pompano Beach, Florida —
proposed merger with Colonial Savings Bank,
N.A., Ocala, Florida — report to the
Comptroller of the Currency on competitive
factors. 1/

Atlanta

First National Bank of Atlanta, Atlanta,
Georgia — proposed merger with First Bank of
Savannah, Savannah, Georgia — report to the
Comptroller of the Currency on competitive
factors. 1/

Atlanta

SunTrust Banks, Inc., Atlanta, Georgia, and
Sun Banks, Inc., Orlando, Florida —
extension to October 13, 1987, to acquire
Florida West Coast Banks, Inc, Venice,
Florida. 1/

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987 No. 27

4

ACTIONS OF THE BOARD - Continued
Atlanta

Southeast Banking Corporation, Miami, Florida
— extension to October 20, 1987, to engage
de novo in the development of data processing
facilities through Southeast Mortgage
Company, Miami, Florida. 1/

Atlanta

First Suncoast Trust Bancshares, Inc.,
Atmore, Alabama — extension to September 22,
1987, to acquire The First National Bank of
Atmore. 1/

Atlanta

Putnam-Greene Financial Corporation,
Eatonton, Georgia — extension to August 21,
1987, to acquire The Farmers Bank, Union
Point, Georgia, and The Farmers and Merchants
Bank, Eatonton, Georgia. 1/

Chicago

State Bank of Toulon, Toulon, Illinois —
proposed merger with New State Bank of Toulon
— report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

Chicago

Bank of Sturgeon Bank, Sturgeon Bay,
Wisconsin — investment in bank premises.

1/

Chicago

State Financial Services Corporation, Hales
Corners, Wisconsin — extension to July 30,
1987, to acquire Edgewood Bank, Greenfield,
Wisconsin. 1/

St. Louis

United Illinois Bank of New Athens, New
Athens, Illinois — proposed merger with
UIB-NA Bank — report to the Federal Deposit
Insurance Corporation on competitive factors.
1/

St. Louis

United Illinois Bank of Troy, Troy, Illinois
— proposed merger with UIB-T Bank— report
to the Federal Deposit Insurance Corporation
on competitive factors. 1/

Kansas City

Platte Valley Bank, Brighton, Colorado —
investment in bank premises. 1/

Dallas

Security State Bank & Trust Co., Ralls, Texas
— investment in bank premises. 1/

San Francisco

Seafirst Corporation, Seattle, Washington extension to divest certain property. 1/

San Francisco

Security Pacific Corporation, Los Angeles,
California — extension to divest certain
property. 1/

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987 No. 27

5

ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Approved
Philadelphia

Laurel Bank, Ebensburg, Pennsylvania — to
establish a branch at Orchard Plaza, Altoona,
Pennsylvania. 1/ (7/3/87)

Richmond

Albemarle Bank and Trust Company,
Charlottesville, Virginia — to establish a
branch at 2208 Ivy Road, Charlottesville,
Virginia. 1/ (6/12/87)

Richmond

Central Fidelity Bank, Richmond, Virginia —
to establish a branch at 11 Canal Center
Plaza, Suites 101 and 103, Alexandria,
Virginia." 1/ (6/10/87)

Richmond

Central Virginia Bank, Powhatan, Virginia —
to establish a branch in the Village
Marketplace Shopping Center, 13100 Midlothian
Turnpike, Midlothian, Virginia. 1/
(6/12/87)

Dallas

Application to establish and use a branch
office from Security State Bank & Trust
Company, Ralls, Texas, 705 6th Street,
Lorenzo, Texas. 1/ (7/2/87)
*

*

*

*

*

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
New York

Tompkins County Trust Company, Ithaca, New
York. 1/ (7/3/87)

Richmond

Heritage Bank of Northern Virginia, McLean,
Virginia. 1/ (6/12/87)
*

1/

*

*

*

*

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987 No. 27

6

ACTIONS OF THE BOARD - Continued
Application and Notifications for International Investments
and Other Actions Pursuant to Sections 25 and 25(a) of the
Federal Reserve Act Sections 4(c)(9), 4(c)(13) and
4(c)(14) of the Bank Holding Company Act of 1956, as amended
Approved
New York

Morgan Guaranty International Finance
Corporation, New York, New York: no
objection to make an additional investment in.
Morgan Guaranty Limited, London, England.
(6/29/87)
* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Approved
Cleveland

Bellbrook Bancorp, Inc., Bellbrook, Ohio —
for approval to acquire 100 percent of the
voting shares of The Bellbrook Community
Bank, Bellbrook, Ohio. 1/ (7/2/87)

Richmond

Northeast Bancorp, Inc., North East, Maryland
— for approval to acquire at least 80
percent of the voting shares of First
National Bank of North East, North East,
Maryland.
(7/2/87)

Atlanta

Tara Bankshares Corporation, Riverdale,
Georgia — for approval to acquire 25 percent
of the voting shares of Tara State Bank,
Riverdale, Georgia. 1/ (6/29/87)

St. Louis

Greenfield Bancshares, Inc., Greenfield,
Tennessee — for approval to acquire at least
80 percent of the voting shares of Greenfield
Banking Company, Greenfield, Tennessee. 1/
(7/3/87)

Dallas

Lockwood Banc Group, Inc., Houston, Texas —
for approval to acquire 100 percent of the
voting shares of Lockwood National Bank of
Houston, Houston, Texas. 1/ (7/1/87)

1/




Application processed on behalf of the Board of Governors
under delegated authority.

7

H.2, 1987 No. 27

ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Returned
Chicago

Bosshard Financial Group, Inc., LaCrosse,
Wisconsin — for approval to acquire 89
percent of the voting shares of Farmer State
Bank - Hillsboro, Hillsboro, Wisconsin and
89.5 percent of the voting shares of Grand
Marsh State Bank, Grand Marsh, Wisconsin.
(7/2/87)
Approved

Philadelphia

Susquehanna Bancshares, Inc., Lititz,
Pennsylvania — for approval to acquire 100
percent of the voting shares of Spring Grove
National Bank, Spring Grove, Pennsylvania.
1/ (7/1/87)

Chicago

Illini Community Bancorp, Inc., Springfield,
Illinois — for approval to acquire 100
percent of the voting shares of Greenview
Banc Shares, Inc., Greenview, Illinois and
indirectly Greenview Community Bank,
Greenview, Illinois. 1/ (6/30/87)
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(C)(8) of The Bank Holding Company Act of 1956
Returned
Chicago

First Midwest Corporation of Delaware,
Elmwood Park, Illinois — to engage de novo
(engaging in full pay-out personal property
leasing). 3/ (6/29/97)
*

*

*

*

*

Approved
New York

Citicorp, New York, New York — for approval
to acquire indirectly through it's subsidiary,
Citicorp Savings, A Federal Savings and Loan
Association, Oakland, California, to purchase
certain assets ai\d assume certain liabilities of
50 branch offices of Sears Savings Bank, Glendale,
California.
(6/29/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.

3/

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




H.2, 1987 No. 27

8

ACTIONS OF THE BOARD - Continued
Cleveland

PNC Financial Corp., Pittsburgh, Pennsylvania
— for approval to engage through a wholly
owned subsidiary, PNC Investment Company,
Pittsburgh, Pennsylvania, in underwriting and
dealing in, on a limited basis, municipal
revenue bonds, including certain industrial
development bonds, and commercial bonds.
(7/1/87)

Richmond

MNC Financial, Inc., Baltimore, Maryland —
for approval to retain the insurance agency
activities of its subsidiary, American
Security Corporation, Washington, D.C.
(7/2/87)

Chicago

Manufacturers National Corporation, Detroit,
Michigan — for approval to expand the
activities of its subsidiary, Manufacturers
National Trust Company of Florida, North Palm
Beach, Florida, to include the acceptance of
savings, time, and demand deposits and the
making of consumer loans.
(7/1/87)

Chicago

Valley Bancorporation, Appleton, Wisconsin
— for approval to retain its data processing
activities, including the sale of financial
services software, through its wholly-owned
subsidiary, Valley Systems, Inc., Appleton,
Wisconsin. 1/ (7/3/87)

San Francisco

Security Pacific Corporation, Los Angeles,
California — for approval to acquire
substantially all of the assets of Wells
Fargo Business Credit, Inc., Dallas, Texas.
(6/29/87)
*

*

*

*

*

Permitted
Atlanta

Florida National Banks of Florida, Inc,
Jacksonville, Florida — to engage de novo
(performing real estate appraisals) through
its subsidiary, Florida Investment Management
Company, Jacksonville, Florida. 3/ (7/1/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.

3/

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




H.2, 1987 No. 27

9

ACTIONS OF THE BOARD - Continued
Chicago

Associated Banc-Corp., Green Bay, Wisconsin
— to engage de novo (arranging commercial
real estate equity financing) through its
subsidiary, Associated Mortgage, Inc., Green
Bay, Wisconsin. These activities will be
conducted in Green Bay, Appleton, and
Milwaukee, Wisconsin. 3/ (7/2/87)

Chicago

Bank of Montreal, Montreal, Quebec, Canada;
Bankmont Financial Corp., New York, New York
and Harris Bankcorp, Inc., Chicago, Illinois
— to engage de novo (selling credit life,
disability, or involuntary unemployment
insurance, property insurance related to an
extension of credit by a finance company;
underwriting credit life and disability
insurance) through its subsidiary, Harris
Life Insurance Company, Scottsdale, Arizona.
The activity will be conducted throughout the
United States. 3/ (6/29/87)

Chicago

Edville Bankcorp, Inc., Villa Park, Illinois
— to engage de novo (providing to others
financially related data processing and data
transmission services, facilities, and data bases;
or access to them. 3/ (6/30/87)
* * * * *
Redemption of Shares

Kansas City

Covington First State Bancshares, Inc.,
Covington, Oklahoma. 1/ (6/29/87)

Dallas

East-Tex Bancorp, Inc, Trinity, Texas.
(7/3/87)

1/

* * * * *
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Approved
Kansas City

Alfalfa County Bancshares, Inc., Cherokee,
Oklahoma. 1/ (6/29/87)

Kansas City

Commercial Landmark Corporation, Muskogee,
Oklahoma. 1/ (6/29/87)

Dallas

Kerrville Bancshares, Inc., Kerrville, Texas.
1/ (6/29/87)

1/

Application processed on behalf of the Board of Governors
under delegated authority.

3/

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




H.2, 1987 No. 27

10
APPLICATIONS RECEIVED

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
Chicago

Harris Trust and Savings Bank, Chicago,
Illinois — to place an automated teller
Machine at the Loyola University of Chicago
campus at 6525 North Sheridan Road, Chicago,
Illinois. 2/

St. Louis

Citizens Fidelity Bank & Trust Company,
Louisville, Kentucky — to establish a branch
at 1021 Hurstbourne Lane, Louisville,
Kentucky. 2/
* * * * *

Applications and Notifications for International Investments
and Other Actions Pursuant to Sections 25 and 2 5 (a) of the
Federal Reserve Act and Sections 4(c)(9), 4(c)(13) and
4(c)(14) of the Bank Holding Company Act of 1956, as amended
Received
New York

Bankers International Corporation, New York,
New York — notice of its intent to make an
additional investment in BT Holdings
Limited, London, England.

New York

Chase Manhattan Overseas Banking Corporation,
Newark, Delaware — prior notice of its
intent to make additional investments in
Chase Investment Bank Limited, Chase
Manhattan Securities and Chase Manhattan
Equities Limited, all located in London,
England.

New York

Citibank Overseas Investment Corporation,
Wilmington, Delaware — requests specific
consent to continue to hold, directly and
indirectly 100 percent of the shares of FNC
Corretora de Titulos de Valores Mobiliaros
S.A., Rio de Janeiro, Brazil after FNC
Corretora acts as a futures commission
merchant on the Bolsa Mercantil and de
Futures the Bolsa de Mercadorias de Sao Paulo
and the Bolsa Brasilieira de Futuro with
respect to contracts of the kinds listed in
Section 225.25(b)(18) of Regulation Y.

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, 1987 No. 27

11

APPLICATIONS RECEIVED - Continued
New York

Republic National Bank of New York, New York
— notice of it's intention to invest in
Republic National Bank of New York, S.A.,
Geneva, Switzerland, a de novo commercial
bank.
* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Received
Boston

First Ipswich Bancorp, Ipswich, Massachusetts
— for approval to acquire 100 percent of the
voting shares of The First National Bank of
Ipswich, Ipswich, Massachusetts. 2/

Boston

NESB Corp., New England, Connecticut — to
directly acquire 100 percent of the voting
shares of New England Savings Bank, New
England and to indirectly acquire Tolland
Bank, FSB, Tollad, Connecticut. 2/

Boston

Seashore Bank Shares Inc., Seabrook, New
Hampshire, to acquire Coastal Holdings Corp.,
Concord, New Hampshire. 2/

Cleveland

FFB Corporation, Wheeling, West Virginia —
for approval to acquire 100 percent of the
voting shares of The First National Bank and
Trust Co., Wheeling, West Virginia. 2/

Chicago

Monticello Corporation, Monticello, Wisconsin
— for approval to acquire 80 percent of the
voting shares of Bank of Monticello,
Monticello, Wisconsin. 2/

Chicago

Success Financial Group, Inc., Lincolnshire,
Illinois — for approval to acquire 25
percent of the voting shares of Lincolnshire
Bancshares, Inc., Lincolnshire, Illinois, and
indirectly First National Bank of
Lincolnshire, Lincolnshire; Illinois;
Bellwood Bancorporation, Inc., Bellwood,
Illinois, and indirectly Bank of Bellwood,
Bellwood, Illinois; First National Bank of
Wheaton, Wheaton, Illinois and Peterson Bank,
Chicago, Illinois. 2/

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, 1987 No. 27

12

APPLICATIONS RECEIVED - Continued
St. Louis

Altenburg Bancorp, Inc., Altenberg, Missouri
— for approval to acquire at least 95
percent of the voting shares of Bank of
Altenburg, Altenburg, Missouri. 2/

St. Louis

Commercial Security Bancshares, Inc.,
Springfield, Missouri — for approval to
acquire 80 percent of the voting shares of
Southern Missouri Bank, Mansfield, Missouri
and The Security Bank of Mountain Grove,
Mountain Grove, Missouri. 2/

St. Louis

First Highland Corp., Highland, Illinois —
for approval to acquire 100 percent of the
voting shares of The First National Bank of
Highland, Highland, Illinois.' 2/

Minneapolis

Shakopee Bancorporation, Inc., St. Paul,
Minnesota — for approval to acquire 96.7
percent of the voting shares of Citizens
State Bank of Shakopee, Shakopee, Minnesota.
2/

Kansas City

CeeVeeTee Limited Partners, Shawnee Mission,
Kansas — for approval to acquire 62 percent
of the voting shares of FCB Bancshares, Inc.,
Overland Park, Kansas and indirectly First
Continental Bank & Trust, Overland Park,
Kansas. 2/

Kansas City

FCB Bancshares, Inc., Overland Park, Kansas
— for approval to acquire 100 percent of the
voting shares of First Continentl Bank &
Trust, Overland Park, Kansas. 2/

Kansas City

First State Fremont, Inc., Fremont, Nebraska
— for approval to acquire 99.75 percent of
the voting shares of First State Bank,
Fremont, Nebraska. 2/

Kansas City

Rocky Mountain Bancorporation, Inc., Aspen,
Colorado — to acquire 100 percent of the
voting shares of The Bank of Aspen, Aspen,
Colorado. 2/

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, 1987 No. 27

13

APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Received
Cleveland

Wesbanco, Inc., Wheeling, West Virginia —
for approval to acquire 100 percent of the
voting shares of The First National Bank and
Trust Co., Wheeling, West Virginia. 2/

Cleveland

Wesbanco, Inc., Wheeling, West Virginia —
for approval to acquire 100 percent of the
voting shares of Bank of Sissonville,
Sissonville, West Virginia. 2/

Richmond

Key Centurion Bancshares, Inc., Charleston,
West Virginia — for approval to acquire 100
percent of the voting shares of The Central
National Bank of Buckhannon, Buckhannon, West
Virginia. 2/

Atlanta

Crews Banking Corporation, Wauchula, Florida
— for approval to acquire 80 percent of the
voting shares of Charlotte State Bank,
Charlotte, Florida, a proposed new bank. 2/

Chicago

Security Chicago Corp., Chicago, Illinois —
for approval to acquire 21 percent of the
voting shares of First State Bancorp of
Princeton, Princeton, Illinois and indirectly
First State Bank of Sheffield, Sheffield,
Illinois. 2/

Chicago

Stillman Bancorp, Inc., Stillman Valley,
Illinois — for approval to acquire 100
percent of the voting shares of United Bank
of Rochelle, Rochelle, Illinois. 2/

St. Louis

Magna Group, Inc., Belleville, Illinois —
for approval to acquire 100 percent of the
voting shares o f Firstplace Financial
Corporation, Lincoln, Illinois, and
indirectly First National Bank in Lincoln,
Lincoln, Illinois. 2/
* * * * *

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, 1987 No. 27

14

APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Received
Atlanta

Bank South Corporation, Atlanta, Georgia —
for approval to merge with First Bank
Financial Corp., Conyers, Georgia, and
indirectly acquire First Bank of Conyers,
Conyers, Georgia. 2/

Atlanta

Bank South Corporation, Atlanta, Georgia —
for approval to merge with Heritage
Bancshares, Inc,. Atlanta, Georgia and
indirectly acquire Heritage Bank, Atlanta,
Georgia. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Received
Richmond

Allied Irish Banks, PLC, Dublin, El and
First Maryland Bancorp, Baltimore, Maryland
— to engage de novo through their
subsidiary, First Maryland Cheque
Corporation, Baltimore, Maryland, inthe
issuance and sale of retail money orders
having a face value of not more than $10,000;
the issuance and sale of official checks
having no limitations on face value; and in
the provision of data processing, management,
and servicing support services in connection
with the payment activities.

Atlanta

Habersham Bancorp, Cornelia, Georgia — to
engage de novo (making, acquiring and/or
servicing loans for itself or for others;
providing to others financially related data
processing and data transmission services,
facilities, and data bases; or access to
them; providing management consulting
services to depository institutions) through
its subsidiary, The Advantage Group, Inc.,
Cornelia, Georgia. These activities will be
conducted in parts of Georgia, South Carolina
North Carolina and Tennessee.
(6/29/87)

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, 1987 No. 27

15

APPLICATIONS RECEIVED - Continued
Chicago

Central Wisconsin Bankshares, Inc., Wausau,
Wisconsin — to engage de novo (making,
acquiring and/or servicing loans for itself
or for others of the type made by a mortgage
company) through its subsidiary, CWB
Mortgage, Inc., Wausau, Wisconsin.
(7/1/87)

Chicago

Midwest Commerce Corporation, Elkhart,
Indiana — for approval to acquire the assets
of Independent Leasing Services, Inc.,
Indianapolis, Indiana.

Chicago

NBD Bancorp, Inc., Detroit, Michigan — to
engage de novo (engaging in the activities of
a trust company of a fiduciary, agency, or
custodial nature) through its subsidiary, NBD
Trust Company of Illinois, Park Ridge,
Illinois.
(7/2/87)

St. Louis

Ozark Bancshares, Inc., Ozark, Arizona — for
approval to acquire Ozark Commercial
Corporation, Tulsa, Oklahoma and thereby
engage in the origination, sale, and
servicing of mortgage and commercial loans.

St. Louis

Ozark Bancshares, Inc., Ozark, Arizona — for
approval to acquire Ozark Financial Services,
Inc., Ozark, Arizona and thereby engage in
acting as a broker for mortgage and
commercial loans.

Minneapolis

First State Banking Corporation, Alcester,
South Dakota — to engage in the activity of
providing data processing services to three
insurance agencies which are affiliated with,
but are not subsidiaries of, Applicant.

Dallas

Consolidated Bancorp., Inc., Rosebud, Texas
— to engage de novo (making, acquiring
and/or servicing loans for itself or for
others of the type made by a consumer finance
company) through Consolidated Loan Service,
Inc., Rosebud, Texas.
(7/2/87)

San Francisco

First Independent Investment Group, Inc.,
Vancouver, Washington — to engage de novo
(selling credit life, disability, or
involuntary unemployment insurance). The
geographic area to be served will be within
the United States.
(6/30/87)