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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1989, No. 27 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending July 8, 1989. ACTIONS TAKEN BY THE BOARD OF GOVERNORS ADVISORY COUNCILS Consumer Advisory Council — for seven vacancies. Announced, July 7, 1989. request for nominations BANK HOLDING COMPANIES Government Securities Clearing Corporation, New York, New Yor k — determination concerning consistency of G S C C Ts netting and settlement operating rules and procedures with B o a r d Ts risk reduction policies. Granted, July 7, 1989. FORMS Weekly Report of Foreign Branch Liabilities to, and Custody Holdings for, U.S. Addressees — extension with revision. Approved, July 5, 1989. REGULATIONS AND POLICIES Regulation B — revisions to implement the Equal Credit Opportunity Act amendments concerning applications for business credit. Proposed, July 7, 1989. RESERVE BANK OPERATIONS Federal Reserve Branch building projects — consideration of requesting reli e f from limitations on funds for construction and expansion. Approved, July 7, 1989. H.2 JULY 3, 1989 PAGE 2 TO JULY 7, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FQMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; GC - General Counsel; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Richmond Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch on U.S. Route 17, Hayes; and 701-A North Battlefield Boulevard, Chesapeake, Virginia. Approved, July 6, 1989. " Crestar Bank, Richmond, Virginia — to establish a branch at the Gunston Plaza Shopping Center, 9400 Richmond Highway, Lorton, Virginia. Approved, July 7, 1989. Chicago Isabella Bank and Trust, Mount Pleasant, Michigan — to establish an off-site automated teller machine at the Student Book Exchange, 209 East Bellows Street, Mount Pleasant, Michigan. Approved, July 3, 1989. Philadelphia Meridian Bank, Reading, Pennsylvania — to establish a remote service facility at 230 Montgomery Mall, U.S. Routes 202 and 203, North Wales, P e n n s y l v n a i a . Approved, July 5, 1989. i Richmond Signet Ban k / Virginia, Richmond, Virginia — to establish a branch at the intersection of U.S. Route 60 and Busch Corporate Center Drive, Williamsburg; and at Fairfax Drive and Stuart Street in the Ballston Metro Center, Arlington, Virginia. Approved, July 7, 1989. Chicago Warren Bank, Warren, Michigan — to establish a branch at southwest corner of Freda and W. Warren Avenue, Dearborn, Michigan. Approved, July 6, 1989. H.2 JULY 3, 1989 PAGE 3 TO JULY 7, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES S t . Louis BMC Bankcorp, Inc., Benton, Kentucky — to engage de novo in community development activities. Permitted, July 5, 1989. Chicago Community Illinois Corporation, Rock Falls, Illinois — to acquire Community State Bank of Rock Falls. Approved, J u l y 7, 1989. Cleveland First Financial Bancorp, Inc., Monroe, Ohio — to acquire Union Trust Bank, Union City, Indiana. Approved, July 5, 1989. Cleveland First Financial Bancorp, Inc., Monroe, Ohio — to acquire ILB Financial Corp, North Manchester, Indiana. Approved, July 6, 1989. Chicago Gilman Investment Co., Montezuma, Iowa — de novo in lending activities. Permitted, July 7, 1989. Kansas City Livingston & Company Southwest, L.P., Chicago, Illinois, and Livingston Southwest Corporation — to acquire First National Bank of North County, San Marcos, California. Returned, July 3, 1989. Philadelphia Meridian Bancorp, Inc., Reading, Pennsylvania — to acquire First Commercial Bank of Philadelphia, Philadelphia, Pennsylvania. Approved, July 7, 1989. Atlanta Mid State Banks, Inc., Cordele, Georgia — de novo in data processing. Returned, July 3, 1989. Richmond NB Corporation, Charlottesville, Virginia — to acquire Chesapeake Bank 8 Trust, Chesapeake, Virginia, and American Bank, Newport News, Virginia. Approved, July 5, 1989. New York Norstar Bank, Hempstead, New York — to acquire one branch of The First National Bank of Downsville, Downsville, New York. Approved, July 5, 1989. to engage to engage H.2 JULY 3, 1989 PAGE 4 TO JULY 7, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Pine Creek Bancorp, Inc., Oakland, Illinois — acquire The Oakland National Bank, Oakland, Illinois. Approved, July 7, 1989. Minneapolis Pioneer Acquisition Corp., Ladysmith, Wisconsin — acquire Pioneer National Bank of Ladysmith. Approved, July 6, 1989. Dallas Western Bancshares of Las Cruces, Inc., Las Cruces, New Mexico — change in bank c o n t r o l . Returned, July 6, 1989. to to BANK PREMISES Chicago Warren Bank, Warren, Michigan — premises. Approved, July 6, 1989. investment in bank CAPITAL STOCK S t . Louis First Holmes Corporation, Lexington, Mississippi — to acquire Citizens Financial Corporation, Belzoni, Mississippi. Approved, July 7, 1989. Minneapolis First Interstate of North Dakota, Inc., Fargo, North Dakota — redemption of shares. Approved, July 5, 1989. CHANGE IN BANK CONTROL Dallas Bank of V a n Zandt, Canton, Texas — control. Returned, July 3, 1989. change in bank S t . Louis Crawford Bancorp, Inc., Robinson, Illinois — in ba n k c o n t r o l . Permitted, July 3, 1989. Minneapolis First Interstate of North Dakota, Inc., Fargo, North Dakota — change in bank c o n t r o l . Permitted, July 5, 1989. change H.2 JULY 3, 1989 PAGE 5 TO JULY 7, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Dallas First Liberty National Bancshares, Inc., Liberty, Texas — change in bank c o n t r o l . Permitted, July 7, 1989. S t . Louis Mark Twain Bancshares, Inc., St. Louis, Missouri — change in bank control. Permitted, July 3, 1989. COMPETITIVE FACTORS REPORTS Cleveland Bank One, Lima, National Association, Lima, Ohio, proposed merger with United National Bank, Convoy, Ohio, and The Metropolitan Bank of Lima, Lima, Ohio — report on competitive factors. Submitted, July 5, 1989. Cleveland First Bremen Bank, Bremen, Ohio, proposed purchase of assets and assumption of liabilities of the West Fair Avenue Branch of Equitable Savings Bank, Lancaster, Ohio — report on competitive factors. Submitted, July 5, 1989. San Francisco Seattle - First National Bank, Seattle, Washington, proposed merger with American Savings Bank, Tacoma, Washington — report on competitive factors. Submitted, July 7, 1989. Atlanta SouthTrust proposed Bonifay, Submitted, Bank of Jackson County, Marianna, Florida, merger with First Bank of Holmes County, Florida — report on competitive factors. July 6, 1989. Atlanta SouthTrust proposed Chipley, Submitted, Bank of Jackson County, Marianna, Florida, merger with Bank of Washington County, Florida — report on competitive factors. July 6, 1989. Richmond United National Bank, Parkersburg, West Virginia, proposed merger with The First National Bank of Ripley, Ripley, West Virginia — report on competitive factors. Submitted, July 6, 1989. H.2 JULY 3, 1989 PAGE 6 TO JULY 7, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Minneapolis Valley National Bank, Apple Valley, Minnesota, proposed merger with The Midway National Bank of St. Paul, St. Paul, Minnesota — report on competitive factors. Submitted, July 6, 1989. EXTENSIONS OF TIME San Francisco ABQ Bank, Albuquerque, Ne w Mexico — divest certain shares. Granted, July 6, 1989. extension to Richmond American Bank, Newport News, Virginia — extension to August 7, 1989, to establish a branch at the intersection of U.S. Route 17 and Ella Taylor Road, Grafton, Virginia. Granted, July 6, 1989. Chicago Bluestem Financial C o r p ., Fairbury, Illinois — extension to October 2, 1989, to acquire National Bank of Fairbury. Granted, July 7, 1989. Atlanta Cordele Bancshares, Inc., Cordele, Georgia — extension to August 10, 1989, to acquire Cordele Banking Company. Granted, July 5, 1989. Atlanta EBT Bancshares, Inc., Fayetteville, Georgia — extension to October 17, 1989, to acquire First Bank & Trust Company. Granted, July 3, 1989. San Francisco First Interstate Bancorp, Los Angeles, California extensions to divest certain properties. Granted, July 7, 1989. Francisco San Franc; isco First Security Corporation, Salt Lake City, Utah — extensions to divest certain properties. Granted, July 5, 1989. H.2 JULY 3, 1989 PAGE 7 TO JULY 7, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Minneapolis McLeod Bancshares, Inc., Hutchinson, Minnesota — extension to October 6, 1989, to acquire Exchange State Bank, St. Paul, Minnesota. Granted, July 6, 1989. San Francisco Tokai Bank, Limited, Nagoya, Japan — extension to October 8, 1989, to expand the activities of Master Lease Corporation, Bala Cynwyd, Pennsylvania, worldwide, to include lending activities. Granted, July 5, 1989. San Francisco Zions Bancorporation, Salt Lake City, Utah — extension to divest of certain property. Granted, July 5, 1989. Richmond Commerce Bank Corporation, College Park, Maryland — to become a member of the Federal Reserve System. Approved, July 6, 1989. MEMBERSHIP REGULATIONS AND POLICIES Secretary FOMC Federal Open Market Committee — the meeting of May 16, 1989. Published, July 7, 1989. policy record for H.2 ADDITIONS AND CORRECTIONS JULY 3, 1989 PAGE 8 TO JULY 7, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, FOREIGN Staff Director BS&R Banco del Caribe, S.A.C.A., Caracas, Venezuela -report to the New York State Banking Department on an application to establish an agency in New York, New York, Approved, June 30, 1989. COMPETITIVE FACTORS REPORTS San Francisco Frontier Bank, Everett, Washington, proposed acquisition of assets and assumption of liabilities of Citizens Bank of Snohomish County, Marysville, Washington — report on competitive factors, Submitted, June 26, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO DOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Lee National Banc Corp, Lee, Massachusetts - 3(a)(1) applic tion to become a bank holding company through the acquisition of First National Bank of the Berkshires, Lee, Massachusetts* Newspaper 0-10-89 Federal Register 7-28-89 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Conment Period Ending Date NONE *Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ____________ Notice Only__________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice Tne Summit Bancorporation, Summit, New Jersey to acquire 24.9% of the shares of Growth Financial Corp., Bemardsville, New Jersey. 1/ 7/30/89 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Compagnie Financiere de Suez and Banque Indosuez, both of Paris, France, to engage through their subsidiary, Carr Futures International, Inc., in acting as broker for foreign currency options and providing incidental investment advice. 7/19/89 PKbanken, Stockholm, Sweden to acquire Independent Finance, Inc., Bellevue, Washington and thereby to engage in leasing real and personal property and making commercial loans. 7/28/89 The Royal Bank of Canada, Toronto, Canada to engage through its subsidiary, RBC Dominion Securities Corp., in (1) underwriting and dealing, to a limited extent in debt and equity securities and (2) acting as issuer's agent in the placement of debt and equity securities. 8/1/89 SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available FEDERAL RESERVE BA N KO F PHILADELPHIA SECTION I - APPLICATIONS SUBJECT T O NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE* OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. *N/A - not yet available. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Applications Bulletin For Week Ending July 8, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING Received application on June 19, 1989 from Ohio Citizens Bank, Toledo, Ohio, for permission to establish a branch at 735 South Main Street, Bowling Green, Ohio. * J u ly 17, 1989 Received application on June 19, 1989 from Ohio Citizens Bank, Toledo, Ohio, for permission to establish a CBCT branch at 434 Wooster Street, Bowling Green, Ohio. * J u ly 17, 1989 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period implications Bulletin For Week Ending July 8, 1989 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received request from The Sabina Bank, Sabina, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act. Received notice from FSB Financial Corp., New Madison, Ohio, of its intent to purchase up to 5,358 shares of its own common stock. * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Central Fidelity Bank, Richmond, Virginia, request for permission to establish a branch at the Aquia Village Shopping Center adjacent to the intersection of U. S. Route 1 and State Route 610, Garrisonville, Virginia.* Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Djtte First Union Corporation, Charlotte, North Carolina, to engage in investment advisory services, including management and supervision of investment portfolios on both a discretionary and non-discretionary basis and the provision of portfolio investment advice through the acquisition of Florida Investment Management Company, Jacksonville, Florida.** 7-14-89 First Union Corporation, Charlotte, North Carolina, to engage in underwriting, as reinsurer, credit-related life and credit-related accident, health, and disability insurance in connection with extensions of credit by the banking subsidiaries of Florida National Banks of Florida, Inc., Jacksonville, Florida, through the acquisition of Florida National Insurance Services, Inc., Jacksonville, Florida.** 7-14-89 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Atlanta Recently Approved Applications Application Approval Date Gulf Bank 06-28-89 Miami, Florida Change in control by Salvador Bonilla-Sosa and Salvador Bonilla-Mathe to retain 4.25 percent of the outstanding shares of cannon stock that increased his total ownership to 24.9 percent (after-the-fact). Citizens Trust Bank 06-27-89 Atlanta, Georgia To establish a branch at 3030 Headland Drive (Kroger Store #242), Atlanta, Georgia to be known as the Kroger store #242 Office. Dahlonega Bancorp, Inc. 06-28-89 Dahlonega, Georgia To acquire Georgia First Bank, Gainesville, Georgia. Federal Reserve Bank o£ Chicago Section I - Applications Subject to Newspaper Notice Only Type Application Branch Old Kent Bank and Trust Company Grand Rapids, Michigan Old Kent Bank of Big Rapids Big Rapids, Michigan Old Kent Bank of Brighton Brighton, Michigan Old Kent Bank of Cadillac Cadillac, Michigan Old Kent Bank - Central Owosso, Michigan Old Kent Bank of Gaylord Gaylord, Michigan Old Kent Bank of Grand Haven Grand Haven, Michigan Old Kent Bank - Grand Traverse Traverse City, Michigan Old Kent Bank of Hillsdale Hillsdale, Michigan Old Kent Bank of Holland Holland, Michigan Old Kent Bank of Kalamazoo Kalamazoo, Michigan Old Kent Bank of Lansing, N.A. Lansing, Michigan Old Kent Bank of Ludington Ludington, Michigan Old Kent Bank of Petoskey Petoskey, Michigan Old Kent Bank of St. Johns St. Johns, Michigan Old Kent Bank - Southeast Trenton, Michigan Old Kent Bank - Southwest Niles, Michigan* Comment Period Bndinq Date N - 7-16-89 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Type Application Branch Old Kent Bank of Gaylord Gaylord, Michigan Old Kent Bank and Trust Company Grand Rapids, Michigan Old Kent Bank of Big Rapids Big Rapids, Michigan Old Kent Bank of Brighton Brighton, Michigan Old Kent Bank of Cadillac Cadillac, Michigan Old Kent Bank - Central Owosso, Michigan Old Kent Bank of Grand Haven Grand Haven, Michigan Old Kent Bank - Grand Traverse Traverse City, Michigan Old Kent Bank of Hillsdale Hillsdale, Michigan Old Kent Bank of Holland Holland, Michigan Old Kent Bank of Kalamazoo Kalamazoo, Michigan Old Kent Bank of Lansing, N.A. Lansing, Michigan Old Kent Bank of Ludington Ludington, Michigan Old Kent Bank of Petoskey Gaylord, Michigan Old Kent Bank of St. Johns St. Johns, Michigan Old Kent Bank - Southeast Trenton, Michigan Old Kent Bank - Southwest Niles, Michigan* Comment Period Ending Date N - 7-16-89 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Type Application Branch Old Kent Bank of Hillsdale Hillsdale, Michigan Old Kent Bank and Trust Company Grand Rapids, Michigan Old Kent Bank of Big Rapids Big Rapids, Michigan Old Kent Bank of Brighton Brighton, Michigan Old Kent Bank of Cadillac Cadillac, Michigan Old Kent Bank - Central Owos 80 , Michigan Old Kent Bank of Gaylord Gaylord, Michigan Old Kent Bank of Grand Haven Grand Haven, Michigan Old Kent Bank - Grand Traverse Traverse City, Michigan Old Kent Bank of Holland Holland, Michigan Old Kent Bank of Kalamazoo Kalamazoo, Michigan Old Kent Bank of Lansing, N.A. Lansing, Michigan Old Kent Bank of Ludington Ludington, Michigan Old Kent Bank of Petoskey Petoskey, Michigan Old Kent Bank of St. Johns St. Johns, Michigan Old Kent Bank - Southeast Trenton, Michigan Old Kent Bank - Southwest Niles, Michigan* Comment Period Ending Date N - 7-16-89 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Type Application Branch Old Kent Bank of Kalamazoo Kalamazoo, Michigan Old Kent Bank and Trust Company Grand Rapids, Michigan Old Kent Bank of Big Rapids Big Rapids, Michigan Old Kent Bank of Brighton Brighton, Michigan Old Kent Bank of Cadillac Cadillac, Michigan Old Kent Bank - Central Owosso, Michigan Old Kent Bank of Gaylord Gaylord, Michigan Old Kent Bank of Grand Haven Grand Haven, Michigan Old Kent Bank - Grand Traverse Traverse City, Michigan Old Kent Bank of Holland Holland, Michigan Old Kent Bank of Hillsdale Hillsdale, Michigan Old Kent Bank of Lansing, N.A. Lansing, Michigan Old Kent Bank of Ludington Ludington, Michigan Old Kent Bank of Petoskey Petoskey, Michigan Old Kent Bank of St. Johns St. Johns, Michigan Old Kent Bank - Southeast Trenton, Michigan Old Kent Bank - Southwest Niles, Michigan* Comment Period Ending Date N - 7-16-89 Federal Reserve Bank of Chicago section I - Applications Subject to Newspaper Notice Only Continued Type Application Branch Old Kent Bank of Ludington Ludington, Michigan Old Kent Bank and Trust Company Grand Rapids, Michigan Old Kent Bank of Big Rapids Big Rapids, Michigan Old Kent Bank of Brighton Brighton, Michigan Old Kent Bank of Cadillac Cadillac, Michigan Old Kent Bank - Central Owosso, Michigan Old Kent Bank of Gaylord Gaylord, Michigan Old Kent Bank of Grand Haven Grand Haven, Michigan Old Kent Bank - Grand Traverse Traverse City, Michigan Old Kent Bank of Holland Holland, Michigan Old Kent Bank of Hillsdale Hillsdale, Michigan Old Kent Bank of Kalamazoo Kalamazoo, Michigan Old Kent Bank of Lansing, N.A. Lansing, Michigan Old Kent Bank of Petoskey Petoskey, Michigan Old Kent Bank of St. Johns St. Johns, Michigan Old Kent Bank - Southeast Trenton, Michigan Old Kent Bank - Southwest Niles, Michigan* Comment Period Ending Date N - 7-16-89 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Type Application Branch O l d Kent Bank of Petoskey Petoskey, Michigan Old Kent Bank and Trust Company Grand Rapids, Michigan Old Kent Bank of Big Rapids Big Rapids, Michigan Old Kent Bank of Brighton Brighton, Michigan Old Kent Bank of Cadillac Cadillac, Michigan Old Kent Bank - Central Owosso, Michigan Old Kent Bank of Gaylord Gaylord, Michigan Old Kent Bank of Grand Haven Grand Haven, Michigan Old Kent Bank - Grand Traverse Traverse City, Michigan Old Kent Bank of Holland Holland, Michigan Old Kent Bank of Hillsdale Hillsdale, Michigan Old Kent Bank of Kalamazoo Kalamazoo, Michigan Old Kent Bank of Lansing, N.A. Lansing, Michigan Old Kent Bank of Ludington Ludington, Michigan Old Kent Bank of St. Johns St. Johns, Michigan Old Kent Bank - Southeast Trenton, Michigan Old Kent Bank - Southwest Niles, Michigan* Comment Period Ending Date N - 7-16-89 Federal Reserve Bank of Chicago Section 1 - Applications Subject to Mewsoaoer Notice Only Continued Type Application Branch Old Kent Bank of St. Johns St. Johns, Michigan Old Kent Bank and Trust Company Grand Rapids, Michigan Old Kent Bank of Big Rapids Big Rapids, Michigan Old Kent Bank of Brighton Brighton, Michigan Old Kent Bank of Cadillac Cadillac, Michigan Old Kent Bank - Central Owo8so, Michigan Old Kent Bank of Gaylord Gaylord, Michigan Old Kent Bank of Grand Haven Grand Haven, Michigan Old Kent Bank - Grand Traverse Traverse City, Michigan Old Kent Bank of Holland Holland, Michigan Old Kent Bank of Hillsdale Hillsdale, Michigan Old Kent Bank of Kalamazoo Kalamazoo, Michigan Old Kent Bank of Lansing, N.A. Lansing, Michigan Old Kent Bank of Ludington Ludington, Michigan Old Kent Bank of Petoskey Petoskey, Michigan Old Kent Bank - Southeast Trenton, Michigan Old Kent Baulk - Southwest Niles, Michigan* Comment Period Ending Date N - 7-16-89 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Comment Period Ending Date Type Application Branch Old Kent Bank - Southwest Niles, Michigan O l d Kent Bank and Trust Company Grand Rapids, Michigan Old Kent Bank of Big Rapids Big Rapids, Michigan Ol d Kent Bank of Brighton Brighton, Michigan O l d Kent Bank of Cadillac Cadillac, Michigan Old Kent Bank - Central Owo8so, Michigan Old Kent Bank of Gaylord Gaylord, Michigan Old Kent Bank of Grand Haven Grand Haven, Michigan Old Kent Bank - Grand Traverse Traverse City, Michigan Old Kent Bank of Holland Holland, Michigan Old Kent Bank of Hillsdale Hillsdale, Michigan Old Kent Bank of Kalamazoo Kalamazoo, Michigan Old Kent Bank of Lansing, N.A. Lansing, Michigan Old Kent Bank of Ludington Ludington, Michigan Old Kent Bank of Petoskey Petoskey, Michigan Old Kent Bank of St. Johns St. Johns, Michigan Old Kent Bank - Southeast Trenton, Michigan* N - 7-16-89 Branch/24A G. W. Jones Exchange Bank Marcellus, Michigan 101 S Broadway Cassopolis, Michigan - 24A* N - ** Federal Reserve Bank of Chicago section 11 - Applications Subject to Both Newspaper and Federal Register notice Comment Period Ending Date Type Application Y -2 Boulevard Bancorp, Inc. Chicago, Illinois Northwest Financial Corp. Chicago, Illinois National Security Bank of Chicago Chicago, Illinois* FR - 6-2-89 N - 7-23-89 Y-2 Miami Corporation Chicago, Illinois No:rthwest Financial Corp. Chicago, Illinois National Security Bank of Chicago Chicago, Illinois* FR - 6-2-89 N - 7-23-89 Y-l First Marengo Financial Corporation Marengo, Illinois First National Bank of Marengo Marengo, Illinois* N - ** FR - 7-26-89 Y-l North Linn Corporation Coggon, Iowa Linn County State Bank Coggon, Iowa* N - ** FR - 7-27-89 Y-2. Mackinaw Valley Financial Services, Inc. Mackinaw, Illinois First Security Bank Mackinaw, Illinois* N - 7-3-89 FR - 7-27-89 CoC-RC/RoS Wenona Bancorp, Inc. Wenona, Illinois Redeem 2,260 shares (37.7 percent) from Edward C. & Mary H. Horter N - 7-5-89 FR - 7-5-89 Y -2 First Chicago Acquisition III Corp. Chicago, Illinois Ravenswood Financial Corporation Chicago, Illinois Bank of Ravenswood Chicago, Illinois* N - ** FR - 7-17-89 Y-2 First Chicago Corporation Chicago, Illinois Ravenswood Financial Corporation Chicago, Illinois Bank of Ravenswood Chicago, Illinois* N - ** FR - 7-17-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice (continued) Type Application Y-2 Payette Bancorporation Marion, Iowa Maynard Savings BanSharesCorp Maynard, Iowa The Maynard Savings Bank Maynard, Iowa* Comment Period Ending Date N - ** FR - ** Section I I I - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) Wellman Investment Company FR - 7-21-89 Wellman, Iowa Sell life, property and casualty, liability, auto and marine insurance 4(c)(8) Comerica Incorporated FR - 7-26-89 Detroit, Michigan N - ** Bloomfield Mortgage Corporation Southfield, Michigan - to acquire certain mortgage banking assets 4(c)(8) Northern Trust Corporation Chicago, Illinois Northern Trust Company of New York New York, New York FR - 7-26-89 Y-4 Firstar Corporation Milwaukee, Wisconsin Firstar Trust Company of Minnesota Minneapolis, Minnesota FR - 7-26-89 Y-4 Firstar Corporation of Minnesota Milwaukee, Wisconsin Firstar Trust Company of Minnesota Minneapolis, Minnesota FR - 7-26-89 Y-4 Hoosier Bancorp Rushville, Indiana Hoosier Insurance, Ltd. Grand Turk, Turks & Caicos Islands British West Indies FR - ** Federal Reserve Bank of Chicago Section IV - Applications Wot Subject to Federal Register Notice Or Newspaper Notice Type Application Hone H FR * ** - Newspaper Federal Register subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date ^Section 3(a)(3) application by Colonial Bancshares, Inc., Des Peres, Missouri to acquire Village Bank of St. Louis County, Ellisville, Missouri (Not available) *Section 3(a)(3) application by Union Planters Corporation, Memphis, Tennessee to acquire Citizens Bank & Trust Company, Wartburg, Tennessee (Not available) *Section 3(a)(1) application by FDH Bancshares, Inc., Little Rock, Arkansas to acquire First National Bank of Fordyce, Fordyce, Arkansas and Citizens First State Bank, Arkadelphia, Arkansas (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. * This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only________ Comment Period Ending Date Application First Bank System, Inc. Minneapolis, MN To engage in general insurance agency activities through the acquisition of V.J. Schaefer Agency, Adams, MN. 6-4-89 (Newspaper) Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Bernard Gruenes To acquire 40% of Eden Valley Bancshares, Eden Valley, MN Edwards Bros. Holding Company, Inc. Denton, MT To acquire the Farmers State Bank, Denton, MT* Comment Period Ending Date 7-14-89 (Federal Register) 7-24-89 (Newspaper) Primo Financial Services, Inc. Apple Valley, MN To acquire the State Bank of Hampton, Hampton, MN* Not yet available James W. Emison To acquire control of 26.23% of Henderson Bancorporation, Inc., Henderson, MN Not yet available Stearns Financial Services, Inc. Albany, MN To acquire (1) 80% of Stearns Agency, Inc., Albany, MN, which owns Stearns County Na tional Bank, Albany, MN; (2) 100% of Finan cial Services of Evansville, Inc., Evans ville, Inc., Evansville, MN, which owns Farmers State Bank, Evansville, MN; (3) 84.13% of Security State Bank, Holdingsford, MN; and (4) 94.56% of Farmers State Bank, Upsala, MN* Not yet available ^Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Stearns Financial Services, Inc, Albany, MN To engage in general insurance agency activities in places with a population not exceeding 5,000 through the acqui sition of (1) Stearns Agency, Inc., Albany, MN; (2) Financial Services, of Evansville, Inc., Evansville, MN; and (3) Security Insurance Agency, Holdingsford, MN Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Kansas City SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING D A T E OM N I B A N K Denver, Denver, Colorado, a de novo bank, for prior approval for m e m b e r s h i p in the Federal Reserve System. Not A v a i l a b l e SECTION II - APPLICATIONS SPBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION C O M M E N T PERIOD E N D I N G D A T E OMNIBANCORP, Denver, Colorado, for prior ap p r o v a l to acquire 100 percent of the voting shares of OM N I B A N K Denver, Denver, Colorado, a de novo b a n k . * Not A v a i l a b l e First Universal Bancorporation, Inc., Aurora, Colorado, for prior approval to a c q u i r e and merge with Pioneer Bancorporation, Inc., Denver, Colorado, parent of City Center N a t i o n a l Bank, Aurora, Colorado.* Not A v a i l a b l e F i d elity Bankshares, Inc., Garden City, Kansas, for prior approval to acquire 96.93 percent of the voting shares of The H e ritage Bank of Olathe, Olathe, Kansas.* Not A v a i l a b l e Ace Gas, Inc., Deshler, Nebraska, for prior ap p r o v a l to become a bank holding c o m p a n y through the a c q u i s i t i o n of 98.4 percent of the voting shar e s of Gibbon Exchange Company, Gibbon, Nebraska, parent of E x change Bank of Gibbon, Gibbon, Nebraska.* Not A v a i l a b l e Jay D. Peters, Martell, Nebraska, for prior a p p r o v a l to increase his prop o r t i o n a t e ownership interest in Martell Finan c i a l Services, Inc., Martell, Nebraska, by 95.2 percent to 100 percent. Not A v a i l a b l e Federal Reserve Bank o f Kansas City D e n n i s Sc h a r d t , D e s hler, N e b r a s k a , for prior a p p r o v a l to a c q u i r e a 3 9 . 4 7 p e r c e n t o w n e r s h i p i n t e r e s t in G i b b o n E x c h a n g e Co m p a n y , Gibbon, Nebraska; Ronald Schardt, Deshler, N e b r a s k a , for prior a p p r o v a l to a c q u i r e .67 p e r cent; S u p e r i o r D e s h l e r Company, D e s h l e r , N e b r a s k a , for prior a p p r o v a l t o a c q u i r e 4.94 p e r c e n t ; V I E Company, D e s h l e r , N e b r a s k a , for prior a p p r o v a l t o a c q u i r e 4.94 percent; a n d S&S I n d u s t r i e s , Inc., Deshl e r , N e b r a s k a , for prior a p p r o v a l to a c q u i r e .65 percent. Not A v a i l a b l e SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION C O M M E N T P E R I O D E N D I N G DATE A c e Gas, Inc., D e shler, N e b r a s k a , for prior a p p r o v a l to i n d i r e c t l y a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of G i b b o n I n s u r a n c e A g e n c y , Gibbon, Nebraska, and thereby i n d i r e c t l y e n gage in i n s u r a n c e a g e n c y a c t i v i t i e s in a t o w n of l e s s than 5,000 persons. Not A v ailable SECTION IV - APPLICATIONS NOT SPBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION G i b b o n E x c h a n g e C o mpany, G i b b o n , N e b r a s k a , for prior a p p r o v a l t o r e d e e m 1 0 ,000 s h a r e s of its o w n v o t i n g c o m m o n stock. M a r t e l l F i n a n c i a l S e r v i c e s , Inc., M a r t e l l , N e b r a s k a , for p r i o r a p p r o v a l to r e d e e m 1 0 7 . 2 s h a r e s of i t s o w n v o t i n g c o m m o n stock. ♦Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 3, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION * * NOTICE EXP *S e c tio n 3 (a )(1 ) a p p lic a tio n by Lubbock N a tio n a l Bancshares, In c ., Lubbock, TX to a c q u ire Lubbock N ational Bank, Lubbock, TX 89/07/31 Change in C o n tro l N otice by E. D e lb e rt H o rto n , D a lla s , TX, and Michael B. W itch e r, Windom, TX, to a cq u ire an in te re s t in Cooper Lake F in a n c ia l C orporation, Cooper, TX N/A Change in C o n tro l N otice by B re tt W. S m ith, K e r r v ille , TX; James W. P rio u r, I I I , Ingram, TX; S tanley C. Jones, Lubbock, TX; and Tex Hood, K e r r v ille , TX, to a cq u ire an in te r e s t in Premier Bancshares o f Texas, In c ., K e r r v ille , TX N/A Change in C o n tro l N otice by James M. T a te , A b ile n e , TX, and Harold L. Sm ith, A b ile n e , TX to a c q u ire an in te r e s t in S e cu rity Shares, In c ., A b ile n e , TX N/A Change in C o n tro l N otice by Vernon C a r r o ll M ino r, M a rlin , TX to acqu ire an in te r e s t in Lorena S tate Bank, Lorena, TX 89/07/09 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION None. NOTICE EXP SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION N otice by Cooper Lake F in a n c ia l C orpo ra tio n, Cooper, TX to redeem 13,380 shares o f i t s common sto ck. * SUBJECT TO CRA. * * EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 7/07/89 S e ctio n I - A p p lic a tio n s S ubject to Newspaper N otice Only A p d I ic a tio n Comment Period Ending Date None Section I I - A p p lic a tio n s Sub.iect to Both Newspaper and Federal R e g iste r N otice BankAmerica C o rp o ra tio n , San Francisco, C a lif o r n ia , to acq u ire Bank o f America S tate Bank, Concord, C a lifo r n ia . * Newspaper: 7/30/89 Fed. Reg.: 8/02/89 S e c tio n I I I - A p p lic a tio n s Sub.iect to Federal R eg ister N otice Only S candinavian Bank Group, PLC, London, England, to engage de novo in s e c u ritie s brokerage s e rv ic e s , re la te d s e c u ritie s c r e d it a c t iv it i e s and in c id e n ta l a c t iv it ie s , pursuant to S e ctio n 22 5.2 5(b)(15) o f R e g u la tio n Y. Fed. Reg.: 7/28/89 Business Bancorp, San Jose, C a lifo r n ia , to a c q u ire P ro v id e n t C a lifo rn ia Business and In d u s tr ia l Development C orporation, San F ra n c is c o , C a lifo r n ia , to engage in the o r ig in a tio n and s e rv ic in g o f loans guaranteed by the Small Business A d m in is tra tio n . Fed. Reg.: 7/26/89 Standard C hartered PLC, London, England, to engage de novo in the purchase and sale o f p la tin u m c o in s through Mocatta Metals C o rp o ra tio n , New York, New York. Fed. Reg.: Not y e t pu b lish e d S e c tio n IV - A p p lic a tio n s Not Sub.iect to Federal R egister N otice o r Newspaper N otice None * S u b je c t to CRA.
@FedFRASER