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ANNOUNCEMENT board of governors OF THE FEDERAL RESERVE SYSTEM H.2, 1988, No. 24 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending June 11, 1988 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES The Long - Tern Credit Bank of Japan, Ltd., Tokyo, Japan — to acquire Greenwich Capital Markets, Inc., Greenwich, Connecticut, and engage in certain securities futures and financial advisory activities. Approved, June 6, 1988. The Sanwa Bank, Ltd., Osaka, Japan — to acquire Brophy, Gestal, Knight ft Co., New York, New York, and engage in certain securities, futures and financial advisory activities. Approved, June 6, 1988. FORMS National Survey of Saall Business Finances (FR 3044) — one-tiae survey. Approved, June 10, 1988. Stateaent of Purpose for an Extension of Credit Secured by Margin Stock (FR U-1) — extension. Approved, June 10, 1988. INTERNATIONAL OPERATIONS Citicorp, New York, New York — to engage indirectly in'the activities of pension fund adainistration and underwriting related retireaent and life insurance through Sur Seguros de Retiro y Vida S.A., Buenos Aires, Argentina. Approved, June 6, 1988. H.2 JUNE 5, 1988 PAGE 2 TO JUNE 10, 1988 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; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Cleveland The Central Trust Company, Newark, Ohio — to establish a branch at 37 North Third Street, Columbus, Ohio. Approved, June 10, 1988. New York Chemical Bank, New York, New York — to establish an offsite electronic facility at the Corinthian, Tunnel access and 38th Street. Approved, June 7, 1988. Chicago De Motte State Bank, De Motte, Indiana — to establish an electronic funds transfer at AllenTs IGA Supermarket, 300 South Polk Street, Morocco, Indiana. Approved, June 6, 1988. Cleveland The Fifth Third Bank of Columbus, Columbus, Ohio — to establish a branch at 5555 Cleveland Avenue. Approved, June 6, 1988. Richmond Mellon Bank (MD), Bethesda, Maryland — to retain the present main office at 6500 Rock Spring Drive as a branch office upon the relocation of the main office to 1901 Research Boulevard, Rockville, Maryland• Approved, June 6, 1988. Atlanta Mercantile Bank of Naples, Naples, Florida — to establish a branch at 2375 Tamiami Trail, North Naples, Florida. Approved, June 8, 1988. Cleveland Trustcorp Bank, Ohio, Toledo, Ohio — to establish a CBCT branch at The Toledo Zoological Society, 2700 Broadway. Approved, June 6, 1988. Cleveland Trustcorp Bank, Ohio, Toledo, Ohio — to establish a CBCT branch at Cedar Point Amusement Park, Sandusky, Ohio. Approved, June 6, 1988. H.2 JUNE 5, 1988 PAGE 3 TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC New York U.S. Trust Company of New York, New York, New York to establish a branch at 770 Broadway. Approved, June 8, 1988. BANK HOLDING COMPANIES Chicago BancSecurity Corporation# Marshalltown# Iowa — to acquire Kellogg * Sully Bank & Trust# Kellogg# Iowa. Approved# June 9# 1988. Philadelphia Bryn Mawr Bank Corporation# Bryn Mawr# Pennsylvania — to engage in real estate appraisal activities through Havens & Company# Inc.# Radnor# Pennsylvania. Approved# June 10# 1988. Dallas Burkburnett Bancshares# Inc.# Burkburnett# Texas — to acquire The Burkburnett Bank. Approved# June 9# 1988. Dallas First Jacksboro Bancshares of Delaware# Inc.# Wilmington# Delaware — to acquire The First National Bank of Jacksboro. Approved# June 10# 1988. Kansas City First' Junction City Bancshares# Inc.# Junction City# Kansas — to acquire Junction City First National Company# and The First National Bank & Trust Company of Junction City. Approved# June 6# 1988. Kansas City First National of Nebraska# Inc.# Omaha# Nebraska — to acquire Collection Corporation of America# Omaha# Nebraska# and engage de novo in collection activities. Approved# June 10# 1988. Kansas City John Herbin# Inc.# Jamestown# Kansas — to acquire The Jamestown State Bank# Jamestown# Kansas. Approved# June 10# 1988. H.2 JUNE 5, 1988 PAGE 4 TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Kansas Bank Corporation# Liberal# Kansas — to acquire American National Bancshares of Westlink# Inc.# Wichita# Kansas# and American National Bank of Westlink. Approved# June 10# 1988. St. Louis Lewisburg Bancshares Corporation# Lewisburg# Kentucky — to acquire the successor by merger to Lewisburg Banking Company. Approved# June 6# 1988. St. Louis Liberty National Bancorp# Inc.# Louisville# Kentucky — to acquire the successor by merger to Bank of Jessamine# Inc.# Nicholasville# Kentucky. Approved# June 10# 1988. Chicago Marshall & Ilsley Corporation# Milwaukee# Wisconsin — to acquire the Thunderbird Bank# Scottsdale# Arizona# and Scottscorn Bank. Returned# June 9# 1988. Cleveland Middlefield Banc Corp., Middlefield, Ohio — acquire The Middlefield Banking Company. Approved# June 8# 1988. New York North Fork Bancorporation# Inc.# Mattituck# New York — to acquire Southold Savings Bank. Approved# June 10# 1988. Kansas City Omnibancorp# Denver# Colorado — to engage de novo in providing management consulting services to depository institutions. Permitted# June 9# 1988. Cleveland Pikeville National Corporation# Pikeville# Kentucky — to acquire The Exchange Bank of Kentucky# Mt. Sterling# Kentucky. Approved# June 8# 1988. St. Louis Spring Rivers Bancshares# Inc.# Imboden# Arkansas — to acquire Bank of Imboden. Approved# June 8# 1988. to H.2 JUNE 5, 1988 PAGE 5 TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago St. Francis, Bancshares, Inc., St. Francis, Wisconsin — to acquire St. Francis State Bank. Withdrawn, June 7, 1988. Dallas Texas Capital Bancshares, Inc., Houston, Texas — acquire Texas Capital Services, Inc. Returned, June 10, 1988. New York United National Bancorp, Branchburg, New Jersey — to acquire The First National Bank of Blairstown, Blairstown; Newco National Bank, Plainfield; and United National Bank, Plainfield, New Jersey. Approved, June 10, 1988. to BANK MERGERS Atlanta Citizens Bank, Smithville, Tennessee — Bank of Ardmore, Ardmore, Teimessee. Approved, June 6, 1988. to merge with Chicago State Bank of Cowden, Cowden, Illinois — to merge with the Windsor Branch of Citicorp Savings of Illinois, Windsor, Illinois. Approved, June 9, 1988. BANK PREMISES Chicago Davenport Bank and Trust Company, Davenport, Iowa — investment in bank premises. Approved, June 8, 1988. Staff Director BS&R Dickenson - Buchanan Bank, Haysi, Virginia — investment in bank premises. Approved, June 8, 1988. Cleveland The Ottoville Bank, Ottoville, Ohio — bank premises. Approved, June 8, 1988. Chicago Peoples Bank of Bloomington, Bloomington, Illinois — investment in bank premises. Approved, June 6, 1988. investment in H.2 JUNE 5, 1988 PAGE 6 TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES New York U.S. Trust Company of New York, New York, New York investment in bank premises. Approved, June 8, 1988. CAPITAL STOCK Kansas City Financial Bancshares, Inc., Holton, Kansas — redemption of shares. Approved, June 9, 1988. Minneapolis Floodwood Agency, Inc., Floodwood, Minnesota — redemption of shares. Approved, June 10, 1988. Kansas City North Plaza Bancshares, Inc., Topeka, Kansas — redemption of shares. Approved, June 9, 1988. Secretary The Pierce Corporation, Pierce, Nebraska — redemption of shares. Approved, June 10, 1988. Chicago Southern Wisconsin Bancshares Corporation, Mineral Point, Iowa — redemption of shares. Approved, June 9, 1988. CHANGE IN BANK CONTROL St. Louis Mathes Bancshares, Inc., Ellington, Missouri change in bank control. Permitted, June 8, 1988. Kansas City North Plaza Bancshares, Inc., Topeka, Kansas change in bank control. Permitted, June 9, 1988. San Francisco Pacific Inland Bancorp, Anaheim, California — in bank control. Permitted, June 9, 1988. Chicago Southern Wisconsin Bancshares Corporation, Mineral Point, Iowa — change in bank control. Permitted, June 9, 1988. change H.2 JUNE 5, 1988 PAGE 7 TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Bank of Santa Maria, Santa Maria, California, proposed acquisition of certain assets and assumption of liabilities to pay deposits of the Guadalupe Branch, the Vandenberg Air Force Base Branch, and the Vandenberg Village Branch of Security Pacific National Bank, Los Angeles, California — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 8, 1988. Philadelphia Beneficial National Bank, Wilmington, Delaware, proposed purchase of certain assets and assumption of liabilities of three branches located in New Castle County, of The First National Bank of Wilmington, Wilmington, Delaware — report to the Comptroller of the Currency on competitive factors Submitted, June 10, 1988. Atlanta Community Bank, Blountsville, Alabama, proposed merger with Morgan Interim Bank, Falkville, Alabama, and Marshall Interim Bank, Arab, Alabama — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 10, 1988. Richaond Community Bank and Trust, National Association, Fairmont, West Virginia, proposed merger with The Security Bank — report to the Comptroller of the Currency on competitive factors. Submitted, June 10, 1988. Richmond First American Bank of Maryland, Silver Spring, Maryland, proposed merger with FABM Acquisition Bank — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 9, 1988. H.2 JUNE 5, 1988 PAGE 8 TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta First Bank and Trust# Grove Hill# Alabama# proposed merger with Jackson Bank & Trust Company# Jackson# Alabama — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted# June 8# 1988. Atlanta First National Bank of South Miami# South Miami# Florida# proposed merger with Interim National Bank of South Miami — report to the Comptroller of the Currency on competitive factors. Submitted# June 10# 1988. San Francisco First Security Bank of Elk Grove, Elk Grove, California# proposed merger with River Bank# Sacramento# California — report to the Federal Deposit Insurance Corporation on competitive factors• Submitted# June 6# 1988. San Francisco The Hibernia Bank, San Francisco, California, proposed merger with Security Pacific National Bank# Los Angeles# California — report to the Comptroller of the Currency on competitive factors. Submitted# June 6# 1988. Boston The Interim National Bank of Litchfield# Litchfield# Connecticut# proposed merger with The First National Bank of Litchfield — report to the Comptroller of the Currency on competitive factors. Submitted# June 10# 1988. St. Louis Mark Twain Belleville Bank# Belleville# Illinois# proposed merger with Mark Twain Edwardsville Bank# Edwardsville# Illinois — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted# June 10# 1988. Atlanta Marshall Interim Bank# Arab# Alabama# proposed purchase of the assets and assumption of liabilities of Community Bank of Marshall County — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted# June 10# 1988. H.2 JUNE 5, 1988 PAGE 9 TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Morgan Interim Bank, Falkville, Alabama, proposed purchase of the assets and liabilities of Community Bank of Morgan County — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 10, 1988. New York NBDC National Bank, Walton, New York, proposed merger with The National Bank of Delaware County — report to the Comptroller of the Currency on competitive factors. Submitted, June 6, 1988. New York North Side Savings Bank, Bronx, New York, proposed merger with Richmond Hill Savings Bank, Floral Park, New York — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 10, 1988. Dallas Texas Bank North, National Association, San Antonio, Texas, proposed merger with Texas Bank — report to the Comptroller of the Currency on competitive factors. Submitted, June 7, 1988. EXTENSIONS OF TIME Richmond Albright Bancorp, Inc., Kingwood, West Virginia — extension to September 11, 1988, to acquire Albright National Bank of Kingwood. Granted, June 8, 1988. New York Arrow Bank Corporation, Glen Falls, New York — extension to June 15, 1988 to acquire Saratoga National Bank & Trust Company, Saratoga Springs, New York. Granted, June 9, 1988.* Atlanta CeeBee Corporation, Pratttville, Alabama — extension to October 2, 1988, to acquire The Citizens Bank. Granted, June 6, 1988. H.2 JUNE 5, 1988 PAGE 10 TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Richmond Central Fidelity Bank# Richmond# Virginia — extension to January 17# 1989# to establish a branch at 13716 Smoketown Road# Dale City# Virginia. Granted# June 7# 1988. Philadelphia The Farmers Trust Company# Lebanon# Pennsylvania — * extension to January 15# 1989# to establish a branch in the Cleona Square Shopping Center# West Penn Avenue and Mill Street# Cleona# Pennsylvania. Granted# June 9# 1988. San Francisco FIH, L.P. and FIH, Inc., Beverly Hills, California — extension to September 24# 1988# to acquire First Interstate of Hawaii# Inc.# Honolulu# Hawaii. Granted# June 9# 1988. S t . Louis First Commercial Corporation# Little Rock# Arkansas — extension to August 31# 1988# to engage de novo in loan activities and credit related insurance through First Commercial Finance Corporation. Granted# June 6# 1988. Chicago First Wisconsin Corporation# Milwaukee# Wisconsin — extension to September 18# 1988# to engage de novo in mortgage lending through RE Services# Inc.# nationwide• Granted# June 6# 1988. St. Louis Owenton Bancorp# Inc.# Employee Stock Ownership Trust# Owenton# Kentucky — extension to July 9# 1988# to acquire Owenton Bancorp# Inc. Granted# June 7# 1988. Atlanta Public National Bank Corporation# Key Largo# Florida — extension to September 16# 1988# to acquire First National Bank of Monroe County. Granted# June 6# 1988. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, June 7, 1988. H.2 JUNE 5, 1988 PAGE 11 TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Richmond Signet Bank / Virginia, Richmond, Virginia — extension to February 18, 1989, to establish a branch at Lynnhaven Parkway and Saber Drive, Virginia Beach, Virginia. Granted, June 10, 1988. Richmond UBS Holding Company, Inc., Glenville, West Virginia — extension to September 23, 1988, to acquire Kanawha Union Bank, Glenville, West Virginia, and The Weston National Bank, Weston, West Virginia. Granted, June 7, 1988. Richmond United Bankshares, Inc., Charleston, West Virginia — extension to September 23, 1988, to acquire Ohio Valley National Bank of Vienna, Vienna; Webster County National Bank, Webster Spriigs; and Heritage Bancorp, Inc., Glenville, West Virginia. Granted, June 7, 1988. INTERNATIONAL OPERATIONS Staff Director BS&R Security Pacific Overseas Corporation, Los Angeles, California — to invest in Banco Security Pacific, Santiago, Chile. Permitted, June 5, 1988. Richmond The Blueville Bank of Grafton, Grafton, West Virginia — notice of withdrawal of membership in the Federal Reserve System. Withdrawn, June 10, 1988. MEMBERSHIP REGULATIONS AND POLICIES Secretary Rules Regarding Delegation of Authority — amendments to conform reference to Regulations G, T, and U to the revised versions of those regulations (Docket R-0638). Approved, June 8, 1988. H.2 JUNE 5, 1988 PAGE 12 TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Cleveland — consultant services for study of replacement and renovation of building systems. Approved, June 6, 1988. RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of New York — to reduce from $40 per endpoint to $20 per endpoint, the fee charged for the collection of time-items (bankers acceptances and commercial paper). Approved, June 8, 1988. H.2 JUNE 5, 1988 PAGE 13 ADDITIONS AND CORRECTIONS TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco The Mitsubishi Bank, Ltd., Tokyo, Japan -- to engage de novo in investment advice and leasing activities through Mitsubishi Capital, Inc., New York, New York. Permitted, June 2, 1988. 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 BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Endlna Date Chesthlll Bancorp, Inc., Chestnut Hill, Massachusetts - 3(a)(1) application to become a bank holding company through the acquisition of Chestnut Hill Bank and Trust Company, Chestnut Hill, Massachusetts Newspaper Federal Register 07-07-88 Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date ' Fleet/Norstar Financial Group, Inc., Providence, Rhode Island 4(c)(8) application to engage 1n underwriting and dealing 1n certain securities through Adams, McEntee & Co., Inc. Federal Register Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE * * S u b je c t t o CRA H.2 JUNE 5, 1988 PAGE 13 ADDITIONS AND CORRECTIONS TO JUNE 10, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES San Francisco The Mitsubishi Bank, Ltd., Tokyo, Japan — to engage de novo in investment advice and leasing activities through Mitsubishi Capital, Inc., New York, New York. Permitted, June 2, 1988. 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 BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Chesthlll Bancorp, Inc., Chestnut H11T, Massachusetts - 3(a)(1) application to become a bank holding company through the acquisition of Chestnut H 1 U Bank and Trust Company, Chestnut H111, Massachusetts Newspaper Federal Register 07-07-88 Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet/Norstar Financial Group, Inc., Providence, Rhode Island 4(c)(8) application to engage 1n underwriting and dealing 1n certain securities through Adams, McEntee & Co., Inc. Federal Register Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE * * S u b je c t t o CRA Federal Reserve Bank of New York Comment Period E n d i m Date SECTION I Applications Subject to Newspaper ____________ Notice Only__________ Chemical Bank, New York, New York to establish an offsite electronic facility at Columbia-Presbyterian Medical Center/Allen Pavilion, 5141 Broadway, New York, New York.l/ 6/30/88 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Montgomery Bancorp, Rocky Hill, New Jersey to become a bank holding company with respect to The Montgomery National Bank, Rocky Hill, New Jersey. 1/ 6/30/88 BSB Bancorp, Inc., Binghamton, New York to become a bank holding company with respect to Binghamton Savings Bank, Binghamton, New York.l/ 7/3/88 SECTION III Noribanking Applications (Subject to Federal Register Notice Only) United Jersey Banks, Princeton, New Jersey to engage through Trico Mortgage Company, Inc. in making, ac quiring, selling and sevicing commercial loans. N/A 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 2/ 3/ FEDERAL RESERVE BANKOF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank. Reading, PA to establish an offsite electronic facility at Super Fresh Food Markets, Inc. , New Rodgers Road and Bristol Pike, Bristol, PA. 7/2/88 Meridian Bank. Reading, PA to establish an offsite electronic facility at Super Fresh Food Markets, Inc. James Street and Aramingo, Ave., Philadelphia, PA. 7/2/88 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Keystone Financial. Inc. Harrisburg, PA to acquire 20% stock of Security National Bank (In organization), Pottstown, PA pursuant to Section 3(a)(3) of the Bank Holding Company Act. 7/4/88 Comm. Bancorp. Inc.. Forest City, PA to acquire additional (or the remaining) 57% stock of The First National Bank of Nicholson, Nicholson, PA pursuant to Section 3(a)(3) of the Bank Holding company Act. 7/11/88 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Meridian Bancorp. Inc.. Reading, PA requests permission to expand the geographical area for the reinsurance activity of its subsidiary, Meridian Life Insurance Company, from South East Pennsylvania to a nationwide basis. 7/6/88 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None Ten Independence Mall, Philadelphia, PA 19106,(215) 574-6000 Cleveland Reserve Bank Applications F o r W e e k E n d i n g J u n e 11, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING R e c e i v e d a p p l i c a t i o n from T r u s t c o r p Bank, O h i o , T o l e d o , O h i o , f or p e r m i s s i o n t o e s t a b l i s h a b r a n c h a t 6066 B u s c h B o u l e v a r d , C o l u m b u s , O h io. * July 6, 1988 Received application from The Citizens C o m m e r c i a l B a n k & T r u s t Co. C e l i n a , O h i o , f o r p e r m i s s i o n t o e s t a b l i s h a b r a n c h at 220 N. W a y n e S t r e e t , Ft. R e c o v e r y , O h io. * July 9, 1988 R e c e i v e d a p p l i c a t i o n f r o m B a n k One, M a n s f i e l d , M a n s f i e l d , Oh i o , to m e r g e w i t h B a n k One, A s h l a n d , O h i o , p u r s u a n t t o S e c t i o n 18(c) of t h e F e d e r a l D e p o s i t I n s u r a n c e Act. * July 11, 1988 13, 1988 S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER ANT FEDERAL REGISTER NOTICF R e c e i v e d S e c t i o n 3 ( a ) (1) a p p l i c a t i o n f r o m F r y b u r g B a n k i n g C o m p a n y , Inc., F r y b u r g , P e n n s y l v a n i a , to a c q u i r e F i r s t U n i t e d N a t i o n a l Bank, Fryburg, P ennsylvania. SECTION III - APPLICATIONS * FR July SUBJECT TO FEDE R A L REGISTER NOTICE ONLY NONE SECTION IV - A P P L I C A T I O N S NO T SUBJECT TO F E D E R A L RE G I S T E R NOT I C E OR NEWSPAPER NOTICE R e c e i v e d r e q u e s t f r o m O h i o C i t i z e n s B a nk, T o l e d o , O h i o , for p e r m i s s i o n t o e x c e e d its l i m i t o f i n v e s t m e n t in b a n k p r e m i s e s p e r m i t t e d u n d e r S e c t i o n 2 4 A of t h e F e d e r a l R e s e r v e Act. Received request from The Cortl a n d Savings and B a n k i n g C o m p a n y , C o r t l a n d , O h i o , for p e r m i s s i o n t o e x c e e d it s l i m i t o f i n v e s t m e n t in b a n k p r e m i s e s p e r m i t t e d u n d e r S e c t i o n 24 A o f t h e F e d e r a l R e s e r v e Act. * * - Subject to C R A N - Newspaper comment period F - Federal Register comment period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Signet Bank/Virginia, Richmond, Virginia, request for permission to establish a branch in Richneck Center at the southeast junction of Jefferson Avenue and McMorrow Drive, Newport News, Virginia. 7-5-88 Central Fidelity Bank, Richmond, Virginia, request for permission to establish a branch in the General Electric Plant at 1501 Roanoke Boulevard, Salem, Virginia. 7-6-88 Central Fidelity Bank, Richmond, Virginia, request for permission to establish a branch at the intersection of Plantation and Hollins Roads, Roanoke, Virginia. 7-6-88 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Commonwealth Bankshares, Inc., Norfolk, Virginia, for prior approval to become a bank holding company through the acquisition of 100% of the voting shares of Bank of the Commonwealth, Norfolk, Virginia. 6-20-88 The above application is subject to the Community Reinvestment Act. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None •s; Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None ^Expiration of comment period specified in the Federal Register, June 13, 1988 Federal Reserve Bank of Atlanta Applications Bulletin. Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Central Bank 06-29-88 (CRA) Miami, Florida To establish a branch at 16800 N.W. 67th Avenue, Hialeah, Florida, to be known as the Palmetto-Lakes Office. Equitable Bank 06-20-88 (CRA) North Miami Beach, Florida To establish a branch at 11077 Biscayne Boulevard, North Miami, Florida, to be kncwn as the North Miami Banking Center Office. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Eufaula Bankcorp, Inc. Eufaula, Alabama 1-BHC formation, Eufaula Bank & Trust Company, Eufaula, Alabama. Barikshares Corporation of Niceville 07-05-88 Niceville, Florida Newspaper 1-BHC formation, Peoples National Bank of Niceville, Niceville, Florida Altamaha Bancshares, Inc. Uvalda, Georgia Change in Control notification by R. L. Cato to retain the additional 2.33 percent of the outstanding shares of treasury stock that increased his total ownership to 18.90 percent (After-the-fact). Twin Cities Financial Services, Inc. Maryville, Tennessee After-the-fact change in control notification by Ben Robertson to retain 10.8 percent of the outstanding shares and the prior notification to acquire an additional 9.2 percent of the outstanding shares, increasing total ownership to 20.0 percent. Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Community Bankshares, Inc. 06-30-88 Cornelia, Georgia Federal Register To engage de novo in making, acquiring and servicing loans related to extensions of credit through its subsidiary, Community Family Credit, Inc., Cornelia, Georgia, pursuant to section 225.25(b) (1) (i) of Regulation Y. June 13, 1988 Federal Reserve Bank of Atlanta Recently Approved Applications Application Approval Date Citizens Bank, 06-06-88 Smithville, Tennessee To merge with Bank of Ardmore, Ardmore, Tennessee. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Pate Type Application EFT Old Kent Bank and Trust Company Grand Rapids, Michigan Kirkhof Center, Grand Valley State University Allendale, Michigan 6-9-88* EFT Old Kent Bank and Trust Company Grand Rapids, Michigan 3195 28th Street, S.E. (Woodland Mall) Kentwood, Michigan 6-9-88* Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application CoC-HC Waymar Bancorporation 6-15-88** Spirit Lake, Iowa 6-28-88* Robert J., Gloria J., Steven J., & Julie J. Currell & Debra K. Ditsworth Y-l Danville Bancshares, Inc. Danville, Iowa Danville State Savings Bank Danville, Iowa 6- 20- 88 * * 6- 20- 88 * Y-l Eastern Iowa Bancshares, Inc. Cascade, Iowa Onslow Savings Bank Onslow, Iowa 7-1-88** 6-27-88* Y-l Ashton Bancshares, Inc. Saint Paul, Minnesota Ashton State Bank Ashton, Iowa 6-9-88** 6-25-88* Y-2 6- 6- 88 * * NBD Bancorp, Inc. 6-4-88* Detroit, Michigan Charter Bank Group, Northfield, Illinois Bank of Glenbrook, Glenbrook, Illinois Bank of Northfield, Northfield, Illinois Bank of Wheaton, Wheaton, Illinois Bank of Winfield, Winfield, Illinois Charter Group Life Insurance Company, Northfield, Illinois Charter Agency, Inc., Detroit, Michigan Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-l 6- 6- 88* * NBD Midwest Corporation 6-4-88* Detroit, Michigan Charter Bank Group, Northfield, Illinois Bank of Glenbrook, Glenbrook, Illinois Bank of Northfield, Northfield, Illinois Bank of Wheaton, Wheaton, Illinois Bank of Winfield, Winfield, Illinois Charter Group Life Insurance Company, Northfield, Illinois Charter Agency, Inc., Detroit, Michigan Y-2 First Colonial Bankshares Corporation Chicago, Illinois American Bank & Trust Company Springfield, Illinois Y-2 Suburban Bancorp, Inc. Palatine, Illinois Continental Bank of Oakbrook Terrace Oakbrook Terrace, Illinois 6-9-88** 6-21-88* 6-18-88* 6-1-88** Y-l Havana Bancshares, Inc. Springfield, Illinois State Bank of Havana Havana, Illinois N/A Y-2 ANB Corporation Muncie, Indiana The Saratoga State Bank Saratoga, Indiana N/A 2070 Marshall & Ilsley Corporation Milwaukee, Wisconsin Thunderbird Bank Scottsdale,•Arizona Scottscom Bank Scottsdale, Arizona N/A Y-2 Marshall & Ilsley Corporation Milwaukee, Wisconsin Scottscom Bancorp, Inc. Scottsdale, Arizona Scottscom Bank Scottsdale, Arizona N/A Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-2 Indiana National Corporation Indianapolis, Indiana Morgan County Bancorp Mooresville, Indiana The Morgan County Bank and Trust Company Eminence, Indiana N/A Y-2 Old Kent Financial Corporation Grand Rapids, Michigan Unibancorp, Inc. Chicago, Illinois Unibanctrust Company Chicago, Illinois Unibanctrust/Hawthome Wheaton, Illinois Unibanctrust/DuPage Lostant, Illinois Unibanc Brokerage Services, Inc. Chicago, Illinois N/A CoC-HC Colonial Bancorporation, Inc. Thiensville, Wisconsin Ralph J. Huiras (in violation) Colonial National Bank-Port Washington Port Washington, Wisconsin Colonial Bank-Richfield Richfield, Wisconsin Colonial Bank Thiensville, Wisconsin 5- 19-88** 6- 20- 88 * Y-2 Shelby County Bancorp, Inc. Shelbyville, Illinois Strasburg State Bank Strasburg, Illinois 6-24-88** Y-2 First Midwest Bancorp, Inc. Naperville, Illinois Continental Illinois Bank of Deerfield, N.A. Deerfield, Illinois Continental Bank of Buffalo Grove, N.A. Buffalo Grove, Illinois 6-24-88** CoC-HC/RoS Southern Wisconsin Bancshares Corporation 6-23-88** Mineral Point, Iowa By Hazel Keefe, Tequesta, Florida, to redeem 406 shares common stock Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Endinz Date Type Application Y-l NBD Midwest Corporation 6-6-88** Detroit, Michigan 6-4-88* Charter Bank Group, Northfield, Illinois Bank of Glenbrook, Glenbrook, Illinois Bank of Northfield, Northfield, Illinois Bank of Wheaton, Wheaton, Illinois Bank of Winfield, Winfield, Illinois Charter Group Life Insurance Company, Northfield, Illinois Charter Agency, Inc., Detroit, Michigan Y-2 Y-2 First Colonial Bankshares Corporation Chicago, Illinois American Bank & Trust Company Springfield, Illinois Suburban Bancorp, Inc. Palatine, Illinois Continental Bank of Oakbrook Terrace Oakbrook Terrace, Illinois 6-9-88** 6-21-88* 6-18-88* 6-1-88** Y-l Havana Bancshares, Inc. Springfield, Illinois State Bank of Havana Havana, Illinois N/A Y-2 ANB Corporation Muncie, Indiana The Saratoga State Bank Saratoga, Indiana N/A 2070 Marshall & Ilsley Corporation Milwaukee, Wisconsin Thunderbird Bank Scottsdale,-Arizona Scottscom Bank Scottsdale, Arizona N/A Y-2 Marshall & Ilsley Corporation Milwaukee, Wisconsin Scottscom Bancorp, Inc. Scottsdale, Arizona Scottscom Bank Scottsdale, Arizona N/A Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal ReKister Notice Continued Application Comment Period Ending Date Y-2 Indiana National Corporation Indianapolis, Indiana Morgan County Bancorp Mooresville, Indiana The Morgan County Bank and Trust Company Eminence, Indiana N/A Y-2 Old Kent Financial Corporation Grand Rapids, Michigan Unibancorp, Inc. Chicago, Illinois Unibanctrust Company Chicago, Illinois Unibanctrust/Hawthome Wheaton, Illinois Unibanctrust/DuPage Lostant, Illinois Unibanc Brokerage Services, Inc. Chicago, Illinois N/A CoC-HC Colonial Bancorporation, Inc. Thiensville, Wisconsin Ralph J. Huiras (in violation) Colonial National Bank-Port Washington Port Washington, Wisconsin Colonial Bank-Richfield Richfield, Wisconsin Colonial Bank Thiensville, Wisconsin 5-19-88** 6-20-88* Y-2 Shelby County Bancorp, Inc. Shelbyville, Illinois Strasburg State Bank Strasburg, Illinois 6-24-88** Y-2 First Midwest Bancorp, Inc. Naperville, Illinois Continental Illinois Bank of Deerfield, N.A. Deerfield, Illinois Continental Bank of Buffalo Grove, N.A. Buffalo Grove, Illinois 6-24-88** CoC-HC/RoS Southern Wisconsin Bancshares Corporation 6-23-88** Mineral Point, Iowa By Hazel Keefe, Tequesta, Florida, to redeem 406 shares common stock Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-2 First Wisconsin Corporation Milwaukee, Wisconsin Century Bancorp, Inc. Circle Pines, Minnesota Centennial Bank Circle Pines, Minnesota 7-1-88** Y-2 Lincoln Financial Corporation Fort Wayne, Indiana Peoples Bancshares Corporation Van Wert, Ohio The Peoples Bank and Trust Company Van Wert, Ohio 7-1-88** Type Y-4 Y-4 Section III - Applications Subject to Federal Register Notice Only Comment Period Application Ending Date NBD Bancorp, Inc. Detroit, Michigan Charter Group Life Insurance Company Northfield, Illinois Charter Agency, Inc. Northfield, Illinois 6-4-88* NBD Midwest Corporation Detroit, Michigan Charter Group Life Insurance Company Northfield, Illinois Charter Agency, Inc. Northfield, Illinois 6-4-88* 6 - 6 - 88 * * 6- 6- 88 * * Y-4 First Wisconsin Corporation 6-23-88** Milwaukee, Wisconsin To engage in providing title insurance agency services thru Milwaukee Title Insurance Service, Inc., Milwaukee, Wisconsin Y-4 Old Kent Financial Corporation Grand Rapids, Michigan Unibanc Brokerage Services, Inc. Chicago, Illinois N/A Y-4 Old Kent Financial Corporation Grand Rapids, Michigan Vanguard Financial Services, Inc. Lombard, Illinois N/A Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register Notice Or newspaper Notice Type Application None ♦Newspaper ♦♦Federal Register N/A - Not available at this time Comment Period Ending Date 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 Comment Period Ending Date Application None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application None FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______Newspaper Notice Only_______ Comment Period Ending Date Application The Brookings Bank Brookings, SD To establish a de novo branch in Sioux Falls, SD* July 3, 1988 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Norwest Corporation Minneapolis, MN Norwest Bank Nebraska Lincoln, N.A. Lincoln, Nebraska (a de novo bank)* Arnold Skeie To acquire control of 92.11Z of the voting shares of Oppegard Agency, Inc., Dilworth, MN Vinton Jones Trust To acquire control of 61.66Z of the voting shares of Anchor Bancorp, Inc., Vayzata, MN * Subject to CRA Comment Period Ending Date 6-30-88 (Federal Register) Not yet available Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Heritage Bancshares Corporation Villmar, MN To engage de novo in operating a general insurance agency. First Bank System, Inc. Minneapolis, MN To engage in making, acquiring, and servicing loans of the type made by a mortgage company thru the acquisition of Caylor Financial Services of Wisconsin, Brookfield, July 1, 1988 Not yet available WI. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION. II. - APPLICATIONS SUBJECT TO NOTH NEWSPAPER,ANO FEDERAL. REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE N S B B a n c s h a r e s , Inc., LaCrosse, Kansas, for prior approval to b e c o m e a bank holding company t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g shares of The N e k o m a S tate Bank, LaCrosse, Kansas.* Not A v a i l a b l e F i r s t B a n k H o l d i n g Company of C o l o r a d o , Lakewood, Colorado, for p r i o r a p p r o v a l to acquire 100 p e r c e n t of the v o t i n g shares e a c h of F i r s t B a n k of G r e e n Mountain, N.A., L a k ew o o d , Colorado, and F i r s t B a n k at Arapahoe/Holly, A r a p a h o e County, Colorado, p r o p o s e d de n o v o b a n k s . * Not A v a i l a b l e S c h u y l e r Bancorporation, Schuyler, N e b r a s k a , for prior approval to b e c o m e a bank holding company t h r o u g h the acqu i s i t i o n of 80 p e r c e n t of the v o t i n g shares of S c h u y l e r S t a t e Bank & Trust C o mpany, Schuyler, Nebraska.* Not A v a i l a b l e C l i f t o n Bancshares, Inc., Wamego, Kansas, for prior approval to b e c o m e a ba n k holding company t h r o u g h the acq u i s i t i o n of 98.6 p e r c e n t of the v o t i n g shares of F i r s t N a t i o n a l Bank, Clifton, Kansas.* Not A v a i l a b l e A. G. Bond/ Canton/ O k l a h o m a / for p r i o r a p p r o v a l to a c q u i r e 21.75 p e r c e n t of the v o t i n g s h a r e s of C a n t o n B a n c S h a r e s / Inc., Canton, O k l a h o m a ; K e n n e t h W. Cox, Canton, O k l a h o m a , for prior a p p r o v a l to a c q u i r e 1 6 . 3 3 perce n t ; S t e v e n G. Bond, Can ton, Oklahoma, for prior a p p r o v a l to a c q u i r e 5.22 per c e n t ; M i c h a e l D. Bond, Canton, Oklahoma, for p r i o r a p p r o v a l to a c q u i r e 5.22 p e r c e n t ; a n d C. Re n e e Murray, Canton, O k l a h o m a , for p r i o r a p p r o v a l to a c q u i r e 1.52 percent. Not Available Charles Travis Henderson, Oklahoma City, O k l a h o m a , for prior a p p r o v a l t o i n c r e a s e his p r o p o r t i o n a t e o w n e r s h i p of A l l i e d O k l a h o m a B a n c o r p o r a t i o n , Inc., O k l a h o m a City, O k l a h o m a , by 95.65 p e r c e n t to 95.92 p e r cent. Not Available B e t t y e C. Reid, Pampa, Texas, for p r i o r a p p r o v a l to i n c r e a s e her p r o p o r t i o n a t e o w n e r s h i p of A m e r i c a n R e p u b l i c B a n c s h a r e s , Inc., Belen, N e w M e x i c o, by .42 p e r c e n t to 22.42 percent. SECTION III - APPLICATIONS SUBJECT TQ gBPBRAL REGISTER NOTICE ONLY APPLICATION F i r s t M o r r i l l Co., Omaha, N e b r a s k a , for p r i o r a p p r o v a l to 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 M o r r i l l I n s u r a n c e S ervices, I n c . , M o r r i l l , N e b r a s k a , an d t h e r e b y i n d i r e c t l y e n g a g e 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 ess t h a n 5 , 0 0 0 p e rsons. C O M M E N T P E R I O D E N D I N G DATE Not Available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION A m e r i c a n R e p u b l i c B a n c s h a r e s , Inc., Belen, N e w M e x i c o , for p r ior a p p roval to r e d e e m 8 , 6 0 0 shares of its own v o t i n g c o m m o n stock. I n d i a n o l a A g e n c y , I n c . , Indianola, N e b r a s k a , fo r a p p r o v a l to ret a i n 500 s h a r e s of its o w n v o t i n g c o m m o n stock. ♦ A p p l i c a t i o n is s u b j e c t to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF 88/06/06 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER n o t i c e On l y NOTICE EXP APPLICATION None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE ** NOTICE EXP APPLICATION None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Section- 4(c)(8) de novo notification by Texas Capital Bancshares, Inc., Houston, Texas to acquire Texas Capital Services, Inc., Houston, Texas (engage in full pay-out personal property leasing) NOTICE EXP 88/06/17 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * 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 6/10/88 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Robert V. Kelley, Burbank, California, to increase his ownership from 7.5 percent to a maximum of 15.5 percent of BNB Bancorp, Burbank, California. Newspaper: June 3, 1988 Fed. Rea.: June 9, 1988 Michael J. Corliss, Seattle, Washington, to increase his ownership from 8.1 percent up to 25 percent of the outstanding shares of Valley Bancorporation, Sumner, Washington. Newspaper: June 20, 1988 Fed. Rea.: June 24, 1988 Marlyn N. Bateman, Sumner, Washington, to increase his ownership from 8.1 percent up to 25 percent of the outstanding shares of Valley Bancorporation, Sumner, Washington. Newspaper: June 20, 1988 Fed. Rea.: June 24, 1988 Moore Financial Group, Inc., Boise, Idaho, to acquire 100 percent of Western Bank Holding Company, Bellevue, Washington, and its bank subsidiary, First Western Bank, Bellevue, Washington. Newspaper: July 11, 1988 Fed. Rea.: July 8, 1988 Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None ****
@FedFRASER