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ANNOUNCEMENT BT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1986, No. 27 Actions of the Board Applications and Reports Received Darin? the Week Ending Jaly 5, 1986 ACTIONS OF THE BOARD Federal Reserve Board announced the publication of a new pamphlet, "A Guide to Business Credit and the Equal Credit Opportunity Act." Boston Bank of New England Corporation, Boston, Massachusetts — extension to October 13, 1986, to engage in discount brokerage through New England Discount Brokerage, Inc., 1/ Boston United Bank, Bangor, Maine — proposed merger with United Interim Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ New York Bank of New York, New York, New York — extension of time to establish a branch in Putnam County, New York. 1/ Denied Philadelphia First Pennsylvania Corporation, Philadelphia, Pennsylvania — extension to September 15, 1986, to engage de novo in securities brokerage services through First Pennsylvania Investment Company. 1/ Richmond National Interim Bank of Blacksburg, Virginia — proposed merger with The *National Bank of Blacksburg — report to the Comptroller of the Currency on competitive factors. 1/ Atlanta F & M Financial Corp, Piedmont, Alabama — extension to October 2, 1986, to acquire Farmers & Merchants Bank. I f T7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 27 - 2 - ACTIONS OF THE BOARD - Continued Atlanta Wrightsville Bancshares, Inc., Wrightsville, Georgia — extension to September 28, 1986, to acquire Bank of Wrightsville. 1/ Atlanta Cayman Investment Company (Delta), George Town, Grand Cayman, Cayman Islands, British West Indies, and Delta South Bancorp, Inc., Dover, Delaware — extension to October 9, 1986, to acquire Delta National Bank and Trust Company of Florida, Miami, Florida. 1/ Chicago ONB Merger Bank III, National Association, Rockville, Indiana — proposed merger with The Rockville National Bank — report to the Comptroller of the Currency on competitive factors. 1/ Chicago Alexandria Banking Company, Alexandria, Indiana — proposed merger with ABC Interim Bank, Anderson, Indiana — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Chicago First State Bank, Conrad, Iowa — proposed merger with The State Bank of Conrad, Conrad, Iowa — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Chicago North Vernon 1st Financial Corporation, North Vernon, Indiana — extension to September 28, 1986, to acquire First National Bank of North Vernon. 1/ St. Louis The Bank of Sharon, Sharon, Tennessee proposed merger with The Bank of Sharon Interim Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Dallas RepublicBank Corporation, Dallas, Texas extension to September 30, 1986, to acquire RepublicBank Delaware, Newark, Delaware. 1/ Dallas National Bancshares Corporation of Texas, San Antonio, Texas — extension to September 26, 1986, to acquire Corpus Christi Bancshares, Inc., Corpus Christi, Texas. 1/ 17 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 27 -3- ACTIONS OF THE BOARD - Continued Dallas NBC Company, San Antonio, Texas — extension to September 26, 1986, to acquire Corpus Christi Bancshares, Inc., Corpus Christi, Texas and Citizens State Bank of Corpus Christi. 1/ Dallas Longview Bancshares, Inc., Longview, Texas — extension to July 28, 1986, to acquire The First State Bank, Big Sandy, Texas. 1/ Dallas Longview Bancshares, Inc., Longview, Texas — extension to July 28, 1986, to acquire First State Bank, Rusk, Texas. 1/ Dallas New North Houston Bank, Houston, Texas — proposed merger with North Houston Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ San Francisco American National Bank of Arizona, Scottsdale, Arizona — proposed purchase of assets and assumption of liabilities of the Gilbert and Mesa branches of Grand Canyon State Bank, Gilbert, Arizona — report to the Comptroller of the Currency on competitive factors. 1/ San Francisco Key Bank of Oregon, Woodburn, Oregon proposed merger with Citizens Valley Bank, Albany, Oregon — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ San Francisco Western Interstate Bancorp, Irvine, California — proposed purchase of assets and assumption of liabilities of U.S. Thrift and Loan, Sacramento, California — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Approved Richmond 17 Bank of Virginia, Richmond, Virginia — to establish a branch at 10001 Courtview Lane, Chesterfield, Virginia 1/ (7/3/86) Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 27 -4- ACTIONS OF THE BOARD - Continued Richmond Virginia Community Bank, Louisa, Virginia to establish a branch at Main Street and Cutler Avenue, Louisa, Virginia. 1/ (7/3/86) * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Returned Atlanta Gulf Harbor Banks, Inc., Dunedin, Florida for approval to acquire 100 percent of the voting shares of Gulf Bank of Dunedin, Dunedin, Florida, a proposed new bank. (6/25/86) Dallas Weimer Bancshares, Inc., Weimer, Texas for approval to acquire 100 percent of the voting shares of First State Bank, Weimer, Texas. (7/10/86) * * * * * Approved Boston Katahdin Bankshares Corp., Patten, Maine for approval to acquire 100 percent of the voting shares of Katahdin Trust Company, Patten, Maine. (6/30/86) Boston Granite State Bankshares, Inc., Keene, New Hampshire — for approval to acquire 100 percent of the voting shares of Keene Savings Bank, Keene, New Hampshire. 1/ (7/3/86) Philadelphia Neffs Bancorp, Inc., Neffs, Pennsylvania for approval to acquire 100 percent of the voting shares of The Neffs National Bank, Neffs, Pennsylvania. 1/ (7/3/86) Cleveland Cole Holding Company, Inc., Harlan, Kentucky — for approval to acquire 35.5 percent of the voting shares of Harco Bankshares, Inc., Harlan, Kentucky and indirectly The Harlan National Bank, Harlan, Kentucky. (7/2/86) 17 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 27 -5- ACTIONS OF THE BOARD - Continued Cleveland Harco Bankshares, Inc., Harlan, Kentucky for approval to acquire The Harlan National Bank, Harlan, Kentucky. 1/ (7/2/86) Richmond Arthur State Bancshares, Carolina — for approval 80 percent of the voting State Bank, Union, South (7/2/86) Richmond Chesnee State Bancshares, Inc., Chesnee, South Carolina — for approval to acquire at least 80 percent of the voting shares of Chesnee State Bank, Chesnee, South Carolina. 1/ (7/2/86) Richmond Woodruff State Eancshares, Inc., Woodruff, South Carolina — for approval to acquire at least 80 percent of the voting shares of Woodruff State Bank, Woodruff, South Carolina. 1/ Atlanta CNB Holding Company, Daytona Beach, Florida — for approval to acquire 80 percent of the voting shares of Commercial National Bank, Daytona Beach, Florida. 1/ (7/1/86) Atlanta First Brundidge Bancshares, Inc., Brundidge, Alabama — for approval to acquire 80 percent of the voting shares of The First National Bank of Brundidge, Brundidge, Alabama. 1/ (6/30/86) Chicago Iowa State Bank Holding Company, Des Moines, Iowa — for approval to acquire 99.9 percent of the voting shares of Iowa State Bank, Des Moines. 1/ (6/30/86) Chicago Parker Bank Holding Corporation, Muncie, Indiana — for approval to acquire 100 percent of the voting shares of The Parker Banking Company, Parker City, Indiana. 1/ (7/3/86) St. Louis Friendship Bancshares, Inc., Friendship, Tennessee — for approval to acquire at least 80 percent of the voting shares of Bank of Friendship, Friendship, Tennessee. 1/ (7/1/86) Kansas City First Canon Bancorp, Inc., Canon City, Colorado — for approval to acquire 100 percent of the voting shares of The First National Bank of Canon City, Canon City, Colorado. 1/ (7/2/86) Inc, Union, South to acquire at least shares of Arthur Carolina. 1/ 1 7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 27 - 6 - ACTIONS OF THE BOARD - Continued Dallas Capital Reserves Group, Inc., College Station, Texas — for approval to acquire 100 percent of the voting shares of Unitedbank-College Station, N.A., College Station, Texas. 1/ (7/3/86) Dallas Crown Park Bancshares, Inc., Lubbock, Texas — for approval to acquire 100 percent of the voting shares of Western National Bank, Lubbock, Texas, a proposed new bank. 1/ (7/3/86) Dallas NBC Bancshares, Inc., Pampa, Texas — for approval to acquire 80 percent of the voting shares of National Bank of Commerce, Pampa, Texas. 1/ (6/30/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3 (a)(3) of the Bank Holding Company Act of 1956 Returned St. Louis Smith Associated Banking Corporation, Little Rock, Arkansas — for approval to acquire at least 98 percent of the voting shares of Stephens Security Bank, Stephens, Arkansas. (7/10/86) St. Louis Valley Bancshares, Inc., Valley Park, Missouri — for approval to acquire at least 84 percent of the voting shares of Meramec State Bank, Sullivan, Missouri. (7/2/86) Dallas United Bankers, Inc., Waco, Texas — for approval to acquire 100 percent of the voting shares of First National Bank, Sherman, Texas. (7/10/86) * * * * * Approved Boston T7 United Vermont Vermont — for percent of the Mountain Bank, (7/3/86) Bancorporation, Rutland, approval to acquire 66.9 voting shares of The Green Winhall Township, Vermont. Application processed on behalf of the Board of Governors under delegated authority. 1/ H.2, 1986 No. 27 - 7 - ACTIONS OF THE BOARD - Continued Chicago American Fletcher Corporation, Indianapolis, Indiana for approval to acquire at least 94.8 percent of the voting shares of Carmel Bank and Trust Company, Carmel, Indiana. 1/ (7/2/86) Chicago Bellwood Bancorporation, Inc., Bellwood, Illinois — for approval to acquire at least 60 percent or more of the voting shares of First National Bank of Wheaton, Wheaton, Illinois. 1/ (7/3/86) Chicago First Colonial Bankshares Corporation, Chicago, Illinois — for approval to acquire 91.02 percent of the voting shares of Avenue Bancorporation, Oak Park, Illinois and indirectly 86.3 percent of Avenue Bank and Trust Company of Oak Park, Oak Park, Illinois, 88.7 percent of the voting shares of Avenue Bank Northwest, Niles, Illinois, 94.5 percent of the voting shares of Avenue Bank of Elk Grove, Elk Grove Village, Illinois, and 98.1 percent of The Northlake Bank, Northlake, Illinois. 1/ (6/20/86) Chicago St. Joseph Bancorporation, Inc., South Bend, Indiana — for approval to acquire 100 percent of the voting shares of the successor by merger to Angola Bancorporation, Angola, Indiana, and indirectly First National Bank of Angola, Angola, Indiana. 1/ (7/1/86) Minneapolis The Tysan Corporation, Minneapolis, Minnesota — for approval to acquire 94.78 percent of the voting shares of Miltona State Bank, Miltona, Minnesota. 1/ (7/3/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3 (a)(5) of the Bank Holding Company Act of 1956 Returned Chicago First Midwest Bancorp, Inc., Naperville, Indiana — for approval to merge with Bancorp of Mundelein, Inc., Mundelein, Illinois and indirectly acquire Bank of Mundelein, Mundelein, Illinois. (7/1/86) 1 7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 27 -8- ACTIONS OF THE BOARD - Continued * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Returned Dallas Metroplex North Bancshares, Inc., Plano, Texas— to acquire DataBank Services Corporation, Plano, Texas and thereby engage in providing to others financially related data processing and data transmission services, facilities and data bases; or access to them. (7/7/86) * * * * * Approved Chicago Iowa State Bank Holding Company, Des Moines, Iowa — to engage through its subsidiary, Bankers Leasing Company, Des Moines, Iowa, in leasing personal or real property. I f (6/30/86) Dallas Reagan Bancshares, Inc., Big Lake, Texas — for approval to acquire Credit Bureau of Big Lake, Inc., Big Lake, Texas, and engage in credit bureau and collection agency activities. San Francisco The Sanwa Bank, Limited, Osaka, Japan — for approval to acquire through its subsidiary, Sanwa Business Credit Corporation, Chicago, Illinois, substantially all of the assets of Division LE of Continental Illinois National Bank and Trust Company of Chicago, Chicago, Illinois and thereby acquire the type of loans and extensions of credit that are permissible nonbanking activities. 1/ (7/2/86) San Francisco Standard Chartered PLC, London, England — for approval to acquire an additional 50 to 70 percent of the voting securities of Mocatta Metals Corporation, New York, New York. 1/ (7/3/86) T 7 A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 27 -9- ACTIONS OF THE BOARD - Continued * * * * * Permitted Cleveland AmeriTrust Corporation, Cleveland, Ohio to engage de novo (engaging in the activities of a trust company of a fiduciary, agency, or custodial nature) through AmeriTrust Southeast National Association, Tampa, Florida. 3/ (7/3/86) Atlanta Allied Bankshares, Inc., Thomson, Georgia to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them) through its subsidiary, Financial Data Dimensions, Inc., Thomson, Georgia. 3/ (7/5/86) Atlanta Citizens and Southern Corporation, Atlanta, Georgia — to engage de novo (engaging in the activities of a trust company of a fiduciary, agency, or custodial nature) through its subsidiaries, Citizens and Southern Trust Company, N.A., Atlanta, Georgia; Citizens and Southern Trust Company (Florida), N.A., Fort Lauderdale, Florida; and Citizens and Southern Trust Company (South Carolina) N.A., Columbia, South Carolina. 3/ (7/2/86) Minneapolis First Bank System, Inc., Minneapolis, Minnesota — to engage de novo (acting as an intermediary for the financing of commercial or industrial income-producing real estate equities), through its subsidiary, FBS Mortgage Corporation, Minneapolis, Minnesota. The activity will be conducted throughout the United States. 3/ (7/5/86) San Francisco San Diego Financial Corporation, San Diego, California — to engage de novo (underwriting and dealing ir\ obligations of the United States, general obligations of states and political subdivisions, and other obligations in which state member banks are authorized to underwrite and deal) through SDT Discount Brokerage, Inc., San Diego, California. 3/ (6/30/86) 3/ Notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority H.2, 1986 No. 27 - 10 - ACTIONS OF THE BOARD - Continued San Francisco Western Security Financial Corporation, Salem, Oregon — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them) through a yet-to-be named subsidiary. 3/ (7/5/86) * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Approved Atlanta Farmers Bancshares, Inc., Malone, Florida. (7/2/86) St. Louis Montgomery Bancshares, Inc., Jonesboro, Missouri (7/1/86) Kansas City T-Mark, Inc., Cheyenne, Wyoming 37 (7/3/86) Notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority H.2, 1986 No. 27 - 11 - APPLICATIONS RECEIVED - Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received New York J. Henry Schroder Bank & Trust Company, New York, New York — to establish a branch office at 126 East 56th Street, New York, New York. 2/ New York Manufacturers Hanover Trust Company, New York, New York — to establish a branch office at 2275 Coleman Street, Brooklyn, New York. 2/ Richmond Central Fidelity Bank, Richmond, Virginia to establish a branch at 12410 Gayton Road, Richmond, Virginia. 2/ Chicago Wyandotte Savings Bank, Wyandotte, Michigan — to establish an EFT at 21111 Goddard, Taylor, Michigan. 2/ Kansas City Barton County State Bank, Lamar, Missouri to establish a facility in Lamar, Missouri. 2/ . * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Received Chicago Citizens Bank and Trust Company, Warren, Illinois. 2/ * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Received Dallas 2/ New North Houston Bank, Houston, Texas -- to merge with North Houston Bank, Houston, Texas. 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, 1986 Mo. 27 - applications San Francisco 12 - RECEIVED - Continued Rocky Mountain State Bank, Salt Lake City, Utah — to merge with Rocky Mountain State Bank of Bountiful, Bountiful, Utah. 2/ * * * * * Applications and Notifications for International Investments and Other Actions Pursuant to Section 25 and 25(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 Cleveland Mellon Bank, N.A., to establish and invest in Mellon Overseas Investment Corporation, a corporation to be organized under Section 25(a) of the Federal Reserve Act, and for Mellon Overseas to invest in Mellon Securities Limited, a Pennsylvania corporation which will engage in merchant banking and capital market activities in London, in the United Kingdom. 2/ * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Philadelphia FNBM Financial Corporation, Minersville, Pennsylvania — for approval to acquire 100 percent of the voting shares of The First National Bank of Minersville, Minersville, Pennsylvania. 2/ Atlanta BMR Bancorp, Inc., Decatur, Georgia — for approval to acquire 100 percent of the voting shares of The Citizens Bank of Swainsboro, Swainsboro, Georgia. 2/ St. Louis Eminence Bankshares, Inc., Eminence, Missouri — for approval to acquire at least 89.6 percent of the voting shares of Eminence Security Bank, Eminence, Missouri. 2/ 27 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, 1986 No. 27 - 13 - APPLICATIONS RECEIVED - Continued St. Louis Sharon Bancshares, Inc., Sharon, Tennessee — for approval to acquire 100 percent of the voting shares of The Bank of Sharon, Sharon, Tennessee. 2/ Kansas City Laramie Bankshares, Inc., Laramie, Wyoming — approval to acquire 99 percent of the voting shares of American National Bank of Laramie, Laramie, Wyoming. 2/ Kansas City Limestone Bancshares, Inc., Sand Springs, Oklahoma — for approval to acquire 100 percent of the voting shares of Limestone National Bank, Sand Springs, Oklahoma. 2/ Dallas Lake Granbury Financial Corporation, Grandbury, Texas — for prior approval to acquire at least 80 percent of the Lake Granbury National Bank, Granbury, Texas. San Francisco Heritage Bancorp, Inc., Mesa, Arizona — for approval to acquire 100 percent of the voting shares of Heritage Bank, Mesa, Arizona, a proposed new bank. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3 (a)(3) of the Bank Holding Company Act of 1956 Received Atlanta Commerce Union Corporation, Nashville, Tennessee — ■ for approval to acquire 100 percent of the voting shares of Central South Bancorp, Franklin, Tennessee and indirectly acquire Williamson County Bank, Franklin, Tennessee and Planters Bank and Trust Company, Hopkinsville, Kentucky. 2/ Kansas City Southwest Bancshares, Inc., Hermitage, Missouri — for approval tp acquire up to 100 percent of the voting shares of Buffalo Bank, Buffalo, Missouri; First National Bank, Republic, Missouri; Citizens State Bank of Bank of Polk County, Bolivar,, Missouri, 27 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, 1986 No. 27 -14- applications RECEIVED - Continued Tri-County State Bank of El Dorado Springs, El Dorado Springs, Missouri, Humansville Bank, Humansville, Missouri, The Lowry City Bank, Lowry City, Missouri and the Osceola Bank, Osceola, Missouri. 2/ Dallas Northway Bancshares, Inc., Richardson, Texas — for approval to acquire 100 percent of the voting shares of Great Western National Bank of Lewisville, Lewisville, Texas, a proposed new bank. 2/ Dallas Schreiner Bancshares, Inc., Kerrville, Texas — for approval to acquire 100 percent of the voting shares of First National Bank, Fredericksburg, Texas, a proposed new bank. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Received Chicago The Indiana National Corporation, Indianapolis, Indiana — for approval to merge CommerceAmerica Corp., Jeffersonville, Indiana. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received New York 27 Ball Holdings S.A., Luxembourg, Luxembourg — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through Sheppards & Chase (Overseas), Inc., New York, New York. (6/30/86) 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, 1986 NO. 27 -15- APPLICATIONS RECEIVED - Continued Richmond Maryland National Corporation, Baltimore, Maryland — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company; selling credit life, disability, or involuntary unemployment insurance) through its subsidiary, Maryland National Mortgage Corporation, Wilmington, Delaware. The activities will be conducted nationwide. (6/30/86) Atlanta BMR Bancorp, Inc., Decatur, Georgia — for approval to acquire Bank Management Resources, Inc., Decatur, Georgia, and thereby engage in management consulting services to depository institutions. Minneapolis First Sleepy Eye Bancorporation, Inc., Sleepy Eye, Minnesota — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them). The activity will be conducted nationwide. (6/30/86)
@FedFRASER