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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2., 1982 No. 24)
Actions of the Board; Applications and Reports
APPLICABLE
RESERVE BANK
Received During the Week Ending June 12, 1982
ACTIONS OF THE BOARD
Atlanta
A.8.T. Corp., Savannah, Georgia, extension of time
u n t i l September 1, 1982, within which to become a bank
holding company through the acquisition of A t l a n t i c Bank
and Trust Company, Savannah, Georgia. \J
Da)las
American Southwest Bancshares, I n c . , El Paso, Texas, extension of time to September, 29, 1982, within which
to consummate the acquisition of American Bank of
Commerce, El Paso, Texas. \J
Da Has
F i r s t City Bancorporation of Texas, I n c . , Houston, Texas, extension of time to August 19, 1982, within which to consummate
the acquisition of F i r s t City National Bank of F l o r e s v i l l e ,
F l o r e s v i l l e , Texas. 1/
New York
F i r s t Jersey National Corporation, Jersey C i t y , New Jersey, extension of time t o July 31, 1982, w i t h i n which to acquire
the successor by merger to the Washington Bank, Turnersville,
New Jersey. \J
Kansas City
F i r s t Midwest Bancorp, I n c . , Midwest C i t y , Oklahoma, extenstion
of time to August 25, 1982, within which to consummate the
a c q u i s i t i o n of F i r s t National Bank of Midwest C i t y , Midwest
C i t y , Oklahoma. \J
Chicago
Hayesville Bancshares, I n c . , Hayesville, Iowa, extension of
time to September 7, 1982, within which to become a bank
holding company through the acquisition of 80 percent or more
of the voting shares of Hayesville Savings Bank, Hayesville,
Iowa. J7
Kansas City
Indian Springs Bancshares, I n c . , Kansas C i t y , Kansas, extension
of time to August 9, 1982, within which to consummate the
a c q u i s i t i o n of Indian Springs State Bank, Kansas C i t y , Kansas. 1/
T7
App)ication processed on behalf of the Board of Governors under delegated
authority
i
H.2, 1982 No. 24
2 -
ACTIONS OF THE BOARD-Continued
Dallas
Republic of Texas Corporation, Dallas, Texas, extension of
time to August 24, 1982, within which to consummate the
acquisition of The Lubbock National Bank, Lubbock, Texas. \J
Dallas
San Saba National Corporation, San Saba, Texas, extension of
time to July 11, 1982, within which to consummate the acquisiton
of The San Saba National Bank, San Saba, Texas. TJ
St. Louis
Callaway Bank, Fulton, Missouri, extension of time to September
6, 1982, within which to establish a branch ( f a c i l i t y ) at
1101 Highway 54 South, Fulton, Missouri. \J
New York
Columbus Trust Company,
July 10, 1983, within
immediate neigborhood
and Angola Road, Town
Boston
Connecticut Bank and Trust Company, Hartford, Connecticut, extension of time u n t i l July 1, 1983, w i t h i n which to establish
a branch in Trumbull, Connecticut. 1/
San
Francisco
F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a , extension of time t o June 23, 1983, within which to establish a
branch o f f i c e in the v i c i n i t y of La J o l l a Village Drive and
Genessee Avenue, City of San Diego, C a l i f o r n i a . 1/
Chicago
Citizens F i r s t State Bank of Walnut, Walnut, I l l i n o i s , t o invest
in bank premises. \J
Richmond
F i r s t V i r g i n i a Bank - Northern Neck, Colonial Beach, V i r g i n i a ,
to invest in bank premises. \ j
Richmond
Deregistration under Regulation G submitted by Mitre Employees
Credit Union, Bedford, Massachusetts. _1/
St. Louis
Bank of Marshall County, Benton, Kentucky, proposal to merge
with Marshall County Bank, I n c . , Benton, Kentucky; report
to the Federal Deposit Insurance Corporation on competitive
factors. \J
Dal las
Brazosport Bank of Texas, Freeport, Texas, proposed merger with
New Brazosport Bank of Texas, Freeport, Texas; report to the
Federal Deposit Insurance Corporation on competitive factors. 1/
T7
Newburgh, New York, extension of time t o
which to establish a branch in the
of the intersection of Quaker Avenue
of Cornwall, New York. U
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 24
3 ACTIONS OF THE BQARD-Continued
Chicago
Farmers State Bank of Henry County, Middletown, Indiana, for
approval to merge with Union State Bank, Sulphur Springs,
Indiana, under the charter of Farmers State Bank of Henry
County, and t i t l e of F i r s t United Bank; report to the
Federal Deposit Insurance Corporation on competitive factors, j y
Philadelphia
Farmers Trust Company, C a r l i s l e , Pennsylvania, proposal to merge
with Farmers Trust Interim Bank under the t i t l e of the former
and the charter of the l a t t e r ; report to the Federal Deposit
Insurance Cororation on competitive factors. J7
Chicago
F i d e l i t y Bank of Indiana, Carmel, Indiana, applicaton for prior
approval to merge with Hamilton County Bank, Cicero, Indiana,
under the charter and t i t l e of The F i d e l i t y Bank of Indiana;
report to the Comptroller of the Currency on competitive
f a c t o r s . 1/
San
Francisco
1st Business Merger Corporation, Los Angeles, C a l i f o r n i a , proposed merger with 1st Business Bank, Los Angeles, C a l i f o r n i a ,
under the charter and t i t l e of the l a t t e r ; report to the
Federal Deposit Insurance Corporation on competitive factors, y
Dal las
F i r s t Capitol Bank, West Columbia, Texas, proposed merger with
New F i r s t Capitol Bank, West Columbia, Texas; report to the
Federal Deposit Insurance Corporation on competitive factors. _!/
New York
F i r s t Jersey National Bank, Jersey C i t y , New Jersey, proposal
to purchase certain assets and assume certain l i a b i l i t i e s of
F i r s t Peoples Bank of New Jersey, Haddon Township, New Jersey;
report to the Comptroller of the Currency on competitive
f a c t o r s . 1/
Philadelphia
F i r s t Jersey National Bank/South, Medford Lakes, New Jersey,
proposal to purchase certain assets of F i r s t Peoples Bank
of New Jersey, Haddon Township, New Jersey, under the t i t l e
and charter of The Fi rst Jersey National Bank/South; report
to the Comptroller of the Currency on competitive factors. J7
San
Francisco
F i r s t Los Angeles Bank, Los Angeles, C a l i f o r n i a , proposed merger
with IBSP Newco, I n c . , Los Angeles, C a l i f o r n i a , under the
charter and t i t l e of the former; report to the Federal Deposit
Insurance Corporation on competitive factors. \J
St. Louis
F i r s t State Bank of Covington, Covington, Tennessee, proposal to
merge with F i r s t State Interim Bank, Covington, Tennessee;
report to the Federal Deposit Insurance Corporation on
competitive factors. 1/
T7
Application processed on behalf of the Board of Governors under delegated
authority.
i
H.2, 1982 No. 24
- 4 ACTIONS OF THE BOARD-Continued
St. Louis
Greene County National Bank, Linton, Indiana, proposal to
merge with Citizens' National Bank of Linton, Linton,
Indiana; report to the Comptroller of the Currency on
competitive f a c t o r s . \ j
Dallas
Hal torn City State Bank, Hal torn C i t y , Texas, proposed merger
with Belknap Street Bank, Hal torn C i t y , Texas; report to
the Federal Deposit Insurance Corporation on competitive
f a c t o r s . 1/
Dallas
Interim New Bruaunfels National Bank, New Braunfels, Texas, proposed merger with New Braunfels National Bank, New Braunfels,
Texas; report to the Comptroller of the Currency on competitive
f a c t o r s . 1/
Dallas
Kilgore F i r s t National Bank, Kilgore, Texas, proposed merger
with New Kilgore F i r s t State Bank, Kilgore, Texas; report
t o the Federal Deposit Insurance Corporation on competitive
f a c t o r s . JV
Atlanta
Lighthouse National Bank, J u p i t e r , Florida, proposed merger
with LNB National Bank, J u p i t e r , Florida; report to the
Comptroller of the Currency on competitive factors. 1/
Chicago
St. C l a i r Shores National Bank, St. C l a i r Shores, Michigan,
approval to merge with The Bank of St. C l a i r , St. C l a i r ,
Michigan, under the charter and t i t l e of Security Bank St.
C l a i r Shores; report to the Comptroller of the Currency on
competitive f act ors. _1/
Dallas
State Bank & Trust Company, B e e v i l l e , Texas, proposed merger
with New State Bank & Trust Company, Beeville, Texas; report
to the Federal Deposit Insurance Corporation on competitive
f a c t o r s . 1/
)J
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 24
- 5 ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Cleveland
Approved
The Citizens Savings Bank Company, Pemberville, Ohio, t o
establish a branch at 209 Bierley Avenue, Pemberville,
Wood County, Ohio. V
Richmond
St. Michaels Bank, St. Michaels, Maryland. To establish
a branch at 113-114 Tidewater Inn, Harrison and Dover
Streets, Easton, Maryland. 1/
Chicago
Northwest Bank of Winnebago County, Rockford, I l l i n o i s , to
establish a branch f a c i l i t y at 125 Phelps Avenue, Rockford,
I l l i n o i s . 1/
San
Francisco
F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a ,
t o establish a branch o f f i c e in the v i c i n i t y of intersection
of i n t e r s t a t e Highway 10 and Haven Avenue, City of Ontario,
San Bernardino County, C a l i f o r n i a . 1/
San
Francisco
F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a ,
t o establish a branch o f f i c e in the v i c i n i t y of the i n t e r section of Grand Avenue and Ingraham Street, Community of
Pacific Beach, City of San Diego, San D^ego County,
C a l i f o r n i a . 1/
*
*
*
*
*
Issued Intent Not to Disapprove Change of Control
Pursuant t o Change i n Bank Control Act of 1978
Chicago
Not Disapproved
Woodford Investment Company, Mason C i t y , Iowa. 1/
Dal las
Leon County Bancshares, I n c . , Buffalo, Texas. 1/
T7
Application processed on behalf of the Board of Governors under delegated
authority.
I
H.2, 1982 No. 24
- 6 ACTIONS OF THE BOARD-Continued
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections 25 and
25(a) of the Federal Reserve Act and Sections 4(c)(9) and
4(c)(13) of the Bank Holding Company Act of 1956, as amended
Boston
Sixty Day Notification Period Waived
The First National Bank of Boston, Boston, Massachusetts: no
objection to increase its capital contribution in Bank of
Boston Canada.
Philadelphia
Philadelphia International Bank, New York, New York: grants
consent to acquire 1,000,000 shares of Hastings Deering
Finance & Investment Company Limited of Lidcombe, New
South Wales, Australia by PNB International Finance Co. Australia Limited.
San
Francisco
Rainier International Bank, Los Angeles, California: no objection
to make an additional investment in Rainier International
Finance Company, Ltd., Hong Kong, B.C.C.
*
*
*
*
*
To Establish a U.S. Branch of an Edge Act Corporation
Pursuant to Section 25(a) of the Federal Reserve Act
New York
New York
Approved
Manufacturers Hanover Trust Company, New York, New York, on
behalf of Manufacturers Hanover International Banking
Corporation, Miami, Florida: grants consent to establish
a branch 1n Boston, Massachusetts.
Manufacturers Hanover Trust Company, New York, New York,
on behalf of Manufacturers Hanover International Banking
Corporation, Miami, Florida: grants consent to establish
a branch in San Francisco, California.
I
H.2, 1982 No. 24
- ?ACTIONS OF THE BOARD-Continued
Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
New Yor*
Approved
Banc* Commerciale Italiana, Milan, I t a l y , for approval to acquire
100 percent of the voting shares of LITCO Bancororation of
New York, Inc., Garden City, New York and indirectly 100
percent of the voting shares of Long Island Trust Company,
N.A., Garden City, New York.
Philadelphia
Susquehanna Bancshares, Inc., L i t i t z , Pennsylvania, for approval
to acquire 100 percent of the voting shares of Farmers First
Bank, L i t i t z , Pennsylvania. \J
Cleveland
F*-st Prestonsburg Bancshares, Inc., Prestonsburg, Kentucky,
to acquire at least 83.3 percent of the voting shares of The
First Commonwealth Bank of Prestonsburg, Prestonsburg,
Kentucky. \J
Richmond
Fidelity BancShares (N.C.), Inc., Fuquay-Varina, North Carolina,
for aoproval to acquire 100 percent of the voting shares of
the successor oy merger to The Fidelity Bank, Fuquay-Varina,
North Carolina. 1/
Richmond
Southern BancShares (N.C.), Inc., Mount Olive, North Carolina,
for approval to acquire 100 percent of the voting shares of
the successor by merger to Southern Bank and Trust Company,
Mount Olive. North Carolina. V
Atlanta
First American Acquisition Corp., Kingsport, Tennessee, for
approval to acquire at least 50 percent of the voting shares of
First Eastern National Bank, Kingsport, Tennessee, y
Atlanta
N.F.B. Corporation, Madison, Florida, for approval to acquire
at least 80 percent of the voting shares of Bank of Madison
County, Madison, Florida. JV
Atlanta
The Peoples National Bancorp, Inc., Shlebyville, Tennessee,
for approval to acquire 100 percent of the voting shares of
the successor by merger to National Bank of Shelbyville,
Shelbyville, Tennessee. 1/
Chicago
Decorah State Bank Holding Co., Decorah, Iowa, for approval
to acquire 100 percent of the voting shares of the successor
by me-ger to Decorah State Bank, Decorah, Iowa. 1/
1/
A?piication process?' or behalf of the Board of Governors under delegated
atifciicity.
H.2, 1982 No. 24
-
8
-
ACTIONS OF THE BOARD-Continued
Chicago
Maiden Bancorp, Inc., Maiden, I l l i n o i s , for approval to acquire
at least 50 percent of the voting shares of The Farmers and
Traders State Bank of Maiden, I l l i n o i s , Maiden, I l l i n o i s . IJ
Chicago
Southern Wisconsin Bancshares Corporation, Mineral Point,
Wisconsin, for approval to acquire 90 percent or more of
the voting shares of Farmers Savings Bank, Mineral Point,
Wisconsin. 1/
Chicago
United Community Financial Corporation, Way!and, Michigan, for
approval to acquire 100 percent of the voting shares of the
successor by merger to United Community Bank, Wayland,
Michigan. JV
Kansas City
Colorado River Bancorp, Clifton, Colorado, for approval to
acquire 100 percent of the voting shares of Bank of Clifton,
Clifton, Colorado. 1/
Kansas City
First Securities Investment, Inc., Beaver, Oklahoma, for
approval to acquire at least 89.91 percent of the voting
shares of The First Security Bank, Beaver, Oklahoma. 1/
Kansas City
F0UR-D, INC., Litchfield, Nebraska, for approval to acquire
at least 83.3 percent of the voting shares of State Bank of
Litchfield, Litchfield, Nebraska. IJ
Dal las
First Alamogordo Bancorp, Inc., A1amogordo, New Mexico, for
approval to acquire at least 80 percent of the voting shares
of First National Bank in Alamogordo, Alamogordo, New
Mexico. 1/
Dallas
Highlands Bancshares, Inc., Highlands, Texas, for approval to
acquire at least 93.5 percent of the voting shares of
Highlands State Bank, Highlands, Texas. JL/
Dal las
Troup Bancshares, Inc., Troup, Texas, for approval to acquire
at least 80 percent of the voting shares of Troup Bank & Trust
Company, Troup, Texas. 1/
San
Francisco
MBC Corp., Modesto, California, for approval to acquire 100
percent of the voting shares of Modesto Banking Company,
Modesto, California. 1/
San
Francisco
Professional Bancorp, Santa Monica, California, for approval
to acquire 100 percent of the voting shares of First Professional
Bank of Los Angeles, N.A., Santa Monica, California, a proposed
new bank.
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 24
- 9 ACTIONS OF THE BOARD-Continued
San
Francisco
State Bank of India, Bombay, India, f o r approval to acquire
100 percent of the voting shares of State Bank of India,
Los Angeles, C a l i f o r n i a , a proposed new bank. 1J
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Atlanta
Atlanta
Withdrawn
E l l i s Banking Corporation, Bradenton, Florida, for approval
to acquire 51 percent or more of the voting shares of Port
Charlotte Bank & Trust Company, Port Charlotte, Florida. 1/
Approved
F i r s t Bancgroup-Alabama, I n c . , Mobile, Alabama, for approval
to acquire 100 percent of the voting shares of The F i r s t
National Bank of R u s s e l l v i l l e , R u s s e l l v i l l e , Alabama. 1/
Atlanta
Southtrust Corporation, Birmingham, Alabama, f o r approval
to acquire at least 90 percent of the voting shares of
The F i r s t National Bank of Piedmont, Piedmont, Alabama. 1/
Minneapolis
Montana Bancsystem, I n c . , B i l l i n g s , Montana, f o r approval
to acquire at least 80 percent of the voting shares of
Montana Bank of B i l l i n g s , B i l l i n g s , Montana. 1/
Kansas City
Colorado National Bankshares, I n c . , Denver, Colorado, f o r
approval to acquire 100 percent of the voting shares of
Republic Bancorporation, I n c . , Englewood, Colorado and
thereby i n d i r e c t l y acquire Republic National Bank of
Englewood, Englewood, Colorado. 1/
Dallas
F i r s t City Bancorporation of Texas, I n c . , Houston, Texas,
f o r approval to acquire 100 percent of the voting shares
of Bank of Pasadena, Pasadena, Texas. 1/
Dal las
F i r s t City Bancorporation of Texas, I n c . , Houston, Texas,
f o r approval to acquire 100 percent of the voting shares of
McAllen State Bank, McAllen, Texas. 1/
Dallas
Howl and Bancshares, I n c . , San Antonio, Texas, f o r approval
to acquire at least 65.79 percent of the voting shares of
the Bank of Robstown, Robstown, Texas. 1/
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 24
- 10 ACTIONS OF THE BOARD-Continued
Dallas
Howl and Bancshares, Inc., San Antonio, Texas, for approval
to acquire at least 76.84 percent of the voting shares of
First State Bank and Trust Company, Port Lavaca, Texas. \J
Dallas
North Texas Bancshares, Inc., North Richland H i l l s , Texas,
for approval to acquire 100 percent of the voting shares
of Arlington State Bank, Arlington, Texas. JJ
Dallas
State Bancshares, Inc., L i t t l e f i e l d , Texas, for approval to
acquire 58.78 percent of the voting shares of West Texas
Bancshares, Inc., Muleshoe, Texas, and indirectly Muleshoe
State Bank, Muleshoe, Texas. 1/
Dallas
United Texas Financial Corporation, Wichita Falls, Texas, for
approval to acquire 100 percent of the voting shares of The
Farmers National Bank of Seymour, Seymour, Texas. 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
St. Louis
Approved
Dixie Bancshares Corp., New Madrid, Missouri, for approval to
merge with Hunter Farms, Inc., New Madrid, Missouri, and
thereby, indirectly acquire Peoples Bank of Li 1 bourn, Lilbourn,
Missouri.
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
St. Louis
San
Francisco
T7
Approved
Dixie Bancshares Corp., New Madrid, Missouri, for approval to
retain and service certain notes receivable. V
First Interstate Bancorp, Los Angeles, California, for approval
to acquire 100 percent of the voting shares of Thomas L.
Karsten Associates, Los Angeles, California. V
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 24
- 1 1 -
ACTIONS OF THE UOARD-Continued
New York
Delayed
Manufacturers Hanover Corporation, New York, New York, requests
permission to relocate an existing o f f i c e and to expand the
service area of the relocated o f f i c e engaging in the following
activities (making or acquiring loans and other extensions of
credit, secured or unsecured, such as would be made or acquired
by a finance company under Tennessee State Law; and o f f e r i n g
credit related l i f e insurance and credit accident, health, and
property insurance; the relocated o f f i c e w i l l serve customers
in Hamilton, Marion, Bradley, Polk, McMinn, Rhea, Bledsoe,
Grundy, Warren, Van Buren, Franklin, Monroe, and Sequatchie
Counties) from 811 Chestnut Street, Chattanooga, Tennessee t o
4548 Brainerd Road, Chatanooga, Tennessee, through i t s subsidiary, Finance One of Tennessee, Inc. (6/9/82) 2/
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to expand the service area and a c t i v i t i e s of an
existing office (making or acquiring of direct loans, secured
or unsecured, such as would be made by a finance company;
and acting as agent or broker for the sale of c r e d i t l i f e
insurance directly related to such lending a c t i v i t y ; previously
approved activities include arranging, making or acquiring
for its own account or for the account or others, loans
and other extensions of credit secured by a homeowner's
equity interest in a home such as would be made by a consumer
finance company, servicing such loans and other extensions
of credit for any person, and acting as an agent or broker
for the sale of single and j o i n t credit l i f e insurance which
is directly related to such loans and extensions of c r e d i t ;
the service area for a l l aforementioned previously approved
and proposed activities would be expanded to include the
entire State of Tennessee) at Centrum Building, 6263 Popular
Avenue, Memphis, Tennessee, through i t s subsidiary, Finance
One of Tennessee, Inc. (6/9/82) 3/
New York
Manufacturers Hanover Corporation, New York, New York, t o
engage through its indirect subsidiaries, Ritter L i f e Insurance
Company and Tempco Life Insurance Company, in the activity of
reinsuring certain types of credit related insurance sold in
connection with extensions of credit by Applicant's i n d i r e c t
consumer finance subsidiaries in the State of Connecticut
(6/10/82) 3/
J7
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 24
-
12 -
ACTIONS OF THE BOARD-Continued
Dallas
New York
Reactivated
South Texas Bancshares, inc., Beevllle, Texas, notification
of intent to engage in de novo activities (operating as
a credit reinsurance company and w i l l assume credit l i f e
and disability Insurance business directly related to its
extensions of credit) at 100 South Washington, Beevllle,
Texas and 103 North Highway 359, Mathis, Texas, the
geographic areas to be served will be Bee and San Patricia
Counties, through its subsidiary, South Texas Bankers Life
Insurance Company (6/8/82) 3/
Permitted
Barclays Bank Limited, and Barclays Bank International Limited,
both of London, England, requests permission to relocate an
existing office engaging in the following activities (marketing
and administering commercial loans secured by accounts receivable,
Inventory and chattel mortgages, to customers in Texas, Arkansas,
Louisiana and New Mexico) from One Main Place, Dallas, Texas,
to 3500 Oaklawn Avenue, Dallas, Texas, through their subsidiary,
BarclaysAmerica/Business Credit, Inc. (6/5/82) 3/
New York
Citicorp, New York, New York, requests permission to expand the
activities of an existing office (in the making of loans to
United States exporters to finance purchases of goods and
services of United States manufacture or origin and/or costs
incidental thereto) at 399 Park Avenue, New York, New York,
through its subsidiary, Citicorp Export Credit Corporation
(6/11/82) 3/
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to expand the service area and activities of an
existing office (making or acquiring of direct loans, secured
or unsecured, such as would be made by a finance company; and
acting as agent or broker for the sale of credit l i f e insurance
directly related to such lending activity; previously approved
activities include arranging, making or acquiring for Its own
account or for the account of others, loans and other extensions of credit secured by a homeowner's equity interest
in a home such as would be made by a consumer finance company,
servicing such loans and other extensions of credit for any
person, acting as an agent or broker for the sale of single
and joint credit l i f e insurance which is directly related to
such loans and extensions of credit; and purchasing i n s t a l l ment sales finance contracts and acting as an agent or broker
17
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated autority.
H.2, 1982 No. 24
- 13 ACTIONS OF THE BOARD-Continued
f o r the sale of single and j o i n t credit l i f e insurance and
c r e d i t accident and health insurance which is d i r e c t l y related
to such loans and extensions of c r e d i t ; the service area for
a l l aforementioned previously approved and proposed a c t i v i t i e s
would be expanded to include the entire State of New Jersey)
at Central Square Office #1, Central Avenue & New Road Route 9,
Linwood, New Jersey, through i t s subsidiary, Finance One of
New Jersey, Inc. (6/9/82) 3/
New York
Manufacturers Hanover Corporation, New York, New York, to
engage through i t s i n d i r e c t subsidiaries, R i t t e r L i f e Insurance
Company and Tempco L i f e Insurance Company, in the a c t i v i t y of
reinsuring certain types of credit related insurance sold in
consumer finance subsidiaries in the State of Connecticut,
Kentucky, Oregon, and Washington (6/10/82) 3/
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to expand the service area and a c t i v i t i e s of an
e x i s t i n g o f f i c e (making or acquiring of direct loans, secured
or unsecured, such as would be made by a finance company; and
acting as agent or broker f o r the sale of c r e d i t l i f e insurance
d i r e c t l y related to such lending a c t i v i t y ; previously approved
a c t i v i t i e s include purchasing installment sales finance contracts,
and acting as agent or broker for the sale of single credit
l i f e insurance and c r e d i t accident and health insurance which is
d i r e c t l y related to such loans and extensions of c r e d i t ; purchasing motor vehicle sales finance contracts, and the sale of
credit l i f e insurance d i r e c t l y related to such lending a c t i v i t y ;
arranging, making or acquiring f o r i t s own account or for the
account of others, loans and other extensions of credit secured
by a homeowner's equity interest in a home such as would be made
by a consumer finance company, servicing such loans and other
extensions of c r e d i t f o r any person, and acting as agent or
broker for the sale of single credit l i f e insurance which is
d i r e c t l y related to such loans and extensions of c r e d i t ; the
service area for a l l aforementioned previously approved and
proposed a c t i v i t i e s would be expanded to include the entire
State of Alabama) at Independence Drive & 29th Avenue, South,
Homewood, Alabama, through i t s subsidiary, Finance One of
Alabama, Inc. (6/9/82) 3/
37
%Tc;(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board
of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 24
- 14 ACTIONS OF THE BOARD-Continued
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to expand the service area and a c t i v i t i e s of an
e x i s t i n g o f f i c e (making or acquiring of d i r e c t loans, secured
or unsecured, such as would be made by a finance company; and
acting as agent or broker f o r the sale of c r e d i t l i f e insurance
d i r e c t l y related to such lending a c t i v i t y ; previously approved
a c t i v i t i e s include arranging, making, a c q u i r i n g , or s e r v i c i n g ,
f o r i t s own account or f o r the account of others, loans and
other extensions of c r e d i t secured by an equity i n t e r e s t in
a home; and acting as agent or broker f o r the sale of c r e d i t
l i f e and c r e d i t accident and health insurance; purchasing
intallment sales finance c o n t r a c t s , and acting as agent or
broker f o r the sale of c r e d i t related l i f e and accident and
health insurance; the service area f o r a l l aforementioned previously approved and proposed a c t i v i t i e s would be expanded
t o include the e n t i r e State of F l o r i d a ) at Paragon Center,
5201 W. Kennedy Boulevard, Tampa, F l o r i d a , through i t s subs i d i a r y , Finance One of F l o r i d a , Inc. (6/9/82) ZJ
New York
Peoples Bancorp, B e l l e v i l l e , New Jersey, requests permission
t o establish a de novo o f f i c e engaging i n the f o l l o w i n g
a c t i v i t i e s (processing data and safekeeping of documents at
i t s New Jersey Office i n v o l v i n g t h i r d party automobile leases;
the company w i l l report on payments and compliance by the
borrower and insure the f i l i n g of vehicle r e g i s t r a t i o n s and t i t l e
documents on behalf of the lessor and lender; the company w i l l
also obtain proof of insurance and remit sales taxes to various
j u r i s d i c t i o n s ) at 237 Washington Avenue, B e l l e v i l l e , New Jersey,
serving the States of New York, New Jersey and Connecticut
through i t s subsidiary, Peoples Financial Services Corp.
(6/11/82) 3/
Richmond
Maryland National Corporation, Baltimore, Maryland, n o t i f i c a t i o n
of i n t e n t t o engage i n de novo a c t i v i t i e s (engaging generally
i n the business of a mortgage banker, mortgage broker and
mortgage s e r v i c i n g f i r m , including but not l i m i t e d t o , second
mortgage f i n a n c i n g ; o r i g i n a t i n g , buying, s e l l i n g and otherwise
dealing i n mortgage loans as p r i n c i p a l or agent; servicing
mortgage loan and second mortgage loan t r a n s a c t i o n s ; making or
a c q u i r i n g , f o r i t s own account or f o r the account of others,
loans and other extensions of c r e d i t such as would be made
by a finance company or consumer finance company, making or
a c q u i r i n g , for i t s own account or f o r the account of others,
loans and other extensions of c r e d i t such as would be made by
a c r e d i t card company; engaging generally i n the business of
leasing personal property, including but not l i m i t e d t o , the
37
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board
of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 24
- 15 ACTIONS OF THE BOARD-Continued
leasing or various types of equipment, machinery, vehicles,
transportation equipment and data processing equipment;
o r i g i n a t i n g , buying, s e l l i n g or otherwise dealing in consumer
finance paper, sales finance paper, credit card receivables
and personal property leases as principal or agent; servicing
consumer finance, sales finance and c r e d i t card receivables,
and personal property leases for a f f i l i a t e d or n o n a f f i l i a t e d
e n t i t i e s ; and engaging in the sale as agent of credit l i f e ,
c r e d i t d i s a b i l i t y , c r e d i t accident and health, loan redemption
and lean cancellation insurance in connection with extensions
of c r e d i t by bank and nonbank subsidiaries of the holding
company; loan redemption and loan cancellation insurance w i l l
be l i m i t e d to decreasing term policies and w i l l not include
level term p o l i c i e s ) at 153 East Chestnut H i l l Road, Newark,
Delaware, through i t s subsidiary, National Consumer Discount
Company (6/10/82) 3/
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of
intent to engage i n de novo a c t i v i t i e s (venture capital investment , including secured and unsecured lending investments)
at 1730 Midwest Plaza Building, Minneapolis, Minnesota; 1300
S.W. F i f t h Avenue, Suite 3018, Portland, Oregon, and 7625
West F i f t h Avenue, Suite 202, Lakewood, Colorado, through a
subsidiary, Northwest Growth Capital, Inc. (6/14/82) 3/
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s (making or acquiring
loans or other extensions of credit such as would be made by
a commercial finance company, including loans secured by
borrower's inventory, accounts receivable, or other assets;
servicing such loans f o r others; and making leases of personal
property in accordance with the Board's Regulation Y) at
Seventh and Walnut Streets, Des Moines, Iowa, serving Iowa,
Nebraska, Kansas, Missouri, I l l i n o i s and South Dakota, through
i t s subsidiary, Banco Financial Corporation (6/7/82) 3/
Dallas
South Texas Bancshares, I n c . , Beeville, Texas, n o t i f i c a t i o n
of intent t o engage in de novo a c t i v i t i e s (operating as
a c r e d i t reinsurance company and w i l l assume credit l i f e
and d i s a b i l i t y insurance business d i r e c t l y related to i t s
extensions of c r e d i t ) at 100 South Washington, Beeville,
Texas and 103 North Highway 359, Mathis, Texas, the
geographic areas t o be served w i l l be Bee and San P a t r i c i a
Counties, through i t s subsidiary, South Texas Bankers L i f e
Insurance Company (6/8/24) 3/
7J
Hc)[iS) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board
of Governors under deleg ited a u t h o r i t y .
H.2, 1982 No. 24
-
16 -
ACTIONS OF THE BOARD-Continued
San
Francisco
BankAmerica Corporation, San Francisco, California, notification
of intent to engage in de novo a c t i v i t i e s (making or acquiring
for i t s own account loans and other extensions of credit such
as would be made or acquired by a finance company; servicing
loans and other extensions of credit; and offering creditrelated l i f e insurance, credit-related accident and health
insurance, and credit-related property insurance in each state
except California, where credit-related property insurance
w i l l not be offered; such a c t i v i t i e s w i l l include, but not
be limited t o , making consumer installment loans, purchasing
installment sales finance contracts, making loans and other
extensions of credit to small businesses, making loans and other
extensions of credit secured by real and personal property, and
offering credit-related l i f e , credit-related accident and
health and credit-related property insurance, except where
otherwise noted above, directly related to extensions cf
credit made or acquired by each of the three corporations)
at 9011 S. W. Beaverton - Hillsdale Highway, Portland,
Oregon, serving the entire States of Oregon, California
and Washington; 3017 N. Cole Road, Boise, Idaho, serving
the entire States of Idaho, Oregon and Montana and 3001
Henderson Drive, Suite N, Cheyenne, Wyoming, serving the
entire States of Wyoming, Montana and Nebraska, through i t s
indirect subsidiaries, FinanceAmerica Corporation (an Idaho
Corporation), FinanceAmerica Corporation (an Oregon Corporation) and FinanceAmerica Corporation (a Wyoming Corporation)
(6/12/82) 3/
San
Francisco
Security Pacific Corporation, Los Angeles, California, notification
of intent to engage in de novo a c t i v i t i e s (financing, leasing
and servicing a c t i v i t i e s with respect to personal property and
equipment and real property) at 30 South Cayuga Street,
Wi1liamsville, New York, serving the State of New York, through
i t s subsidiary, Security Pacific Leasing Corporation (6/12/82) 3/
San
Francisco
Security Pacific Corporation, Los Angeles, California, notification
of intent to engage in de novo a c t i v i t i e s (making, acquiring
and servicing loans a n f o t h e r extensions of credit; selling
and issuing investment c e r t i f i c a t e s ; and acting as agent for
the sale of credit-related property insurance, as authorized
by California law) at 591 Camino De La Reina, Suite 909, San
Diego, California; 400 North Tustin, Suite 110, Santa Ana,
California and 528 East Main Street, Suite 530, Santa Maria,
California, serving the State of California, through i t s subsidiary, Security Pacific Finance Money Center Inc. (6/7/82) V
3/ 4 ( c ) ( 8 ) notification processed by Reserve Bank on oehalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 24
-17ACTIONS OF THE BOARD-Continued
San
Francisco
U.S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of intent to engage
1n de novo a c t i v i t i e s (making, acquiring and servicing of loans
and otherextensions of credit secured by real estate mortgages
for i t s own account or for the account of others, including,
but not limited t o , f i r s t and second mortgage loans, commercial,
Income and business loans; acting as insurance agent with regard
to credit l i f e and disability insurance solely in connection
with extensions of credit by Creditcorp and to perform real
estate appraisals in conformance with the provisions of Section
225.4(a)(1), 225.4(a)(2), 2 2 5 . 4 ( a ) ( 9 ) ( i ) ( a ) , and 225.4(a)(14)
of Regulation Y) at Phoenix, Arizona within an area bounded
by Thomas Road on the south, McDonald Drive and extension of
McDonald Drive on the north, 24th Street on the west and 60th
Street on the east, the geographic area to be served w i l l be
principally Phoenix and Maricopa County, Arizona, through i t s
subsidiary, U.S. Creditcorp (6/5/82) 3/
San
Francisco
Wells Fargo 8 Company, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of
Intent to engage in de novo a c t i v i t i e s ((1) making or acquiring
real estate related loans and other extensions of credit f o r
i t s own account or for the account of others; (2) servicing
the loans and extensions of credit described in (1) above) at
572 E. Green Street, Pasadena, C a l i f o r n i a , serving the e n t i r e
United States, through its subsidiary, Wells Fargo Realty
Services, Inc. (6/12/82) 3/
17
4(c)(9) notification processed by Reserve Bank on behalf of the Board of
Governors under delegated authority.
H.2, 1982 No. 24
18 -
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
New York
United Jersey Bank, Hackensack, New Jersey, to establish an
offsite electronic f a c i l i t y at Sony Corporation of America,
Sony Drive, Park Ridge, New Jersey. 2/
Philadelphia
United Jersey Bank/Southwest, Cherry H i l l , New Jersey,
to establish an offsite electronic f a c i l i t y at the Sony
Corporation of America, Sony Drive, Park Ridge, New Jersey. 2/
Richmond
Bank of Virginia, Richmond, Virginia, to establish a CBCT at
Chent Village Shoppes, 1355-K DeBree Avenue, Norfolk, Virginia.
San
Francisco
First Interstate Bank of California, Los Angeles, California, to
establish a branch office in the vicinity of the intersection
of Tracy Boulevard and Eleventh Street, City of Tracy, San
Joaquin County, California. 2/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Dal las
Midland Amrican Bank, Midland, Texas. 2/
*
*
*
*
*
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections 25 and
25(a) of the Federal Reserve Act and Sections 4(c)(9) and
4(c)(13) of the Bank Holding Company Act of 1956, as amended
Dallas
First City Bancorporation of Texas, Inc., Houston, Texas: prior
notification of intent to establish a commercial finance
subsidiary in Curacao, Netherlands Antilles.
San
Francisco
First Interstate Bancorp, Los Angeles, California: prior not i f i c a t i o n of Its Intent to establish an offshore financing
subsidiary in the Netherlands Antilles, to be named First
Interstate Overseas N.V.
77
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 24
- 19 APPLICATIONS RECEIVED-Continued
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Cleveland
F i r s t National Company, P i k e v i l l e , Kentucky, f o r approval to
acquire 100 percent of the voting shares of The F i r s t National
Bank of P i k e v i l l e , P i k e v i l l e , Kentucky. 2]
Cleveland
Princeton Bank Holding Company, Princeton, West V i r g i n i a ,
for approval to acquire 100 percent of the voting shares
of the successor by merger to Princeton Bank & Trust Company,
Princeton, West V i r g i n i a . 2/
Richmond
0MB Financial, I n c . , Clarksburg, West V i r g i n i a , for approval to
acquire at least 80 percent of the voting shares of The Oak
Mound Bank, Clarksburg, West V i r g i n i a . 2/
Atlanta
F i r s t Farmers and Merchants Corporation, Columbia, Tennessee,
for approval to acquire 100 percent of the voting shares of
F i r s t Farmers and Merchants National Bank of Columbia,
Columbia, Tennessee. 2/
Chicago
Union-Calhoun Investments, L t d . , Rockwell C i t y , Iowa, for
approval to acquire at least 80.8 percent of the voting shares
of Union State Bank, Rockwell C i t y , Iowa. 2/
St. Louis
Benton Bancorp, I n c . , Benton, Kentucky, for approval to acquire
100 percent (less d i r e c t o r s ' q u a l i f y i n g shares) of the voting
shares of successor by merger to Bank of Benton, Benton,
Kentucky. 2/
St. Louis
Citizens' National Corporation, Linton, Indiana, for approval
to acquire 100 percent of the voting shares of the successor by
merger to Citizens' National Bank of Linton, Linton, Indiana. 2/
Minneapolis
Oliver Bancorporation, I n c . , Center, North Dakota, for approval
to acquire at least 80 percent of the voting shares of the
State Bank of Oliver County, Center, North Dakota. 2/
Kansas City
SNB Bancshares, I n c . , Eufaula, Oklahoma, for approval to
acquire at least 51.60 percent of the voting shares of
The State National Bank of Eufaula, Eufaula, Oklahoma. 2/
San
Francisco
F i r s t National Corporation, San Diego, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of the
successor by merger to F i r s t National Bank of San Diego
County, San Diego, C a l i f o r n i a . 2J
2/
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
1
H.2, 1982 No. 24
- 20 APPLICATIONS RECEIVED-Continued
San
Francisco
Townco Bancorp, Seal Beach, California, for approval to
acquire 100 percent of the voting shares of Garden Grove
Community Bank, Garden Grove, California. 2J
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Atlanta
AmSouth Bancorporation, Birmingham, Alabama, for approval to acquire 100 percent of the voting shares of
National Bank of Commerce of Birmingham, Birmingham,
Alabama. 2:/
Atlanta
Tennessee National Bancshares, Inc., Maryville, Tennessee,
for approval to acquire at least 21.0 percent of the
voting shares of Tennessee State Bank, Gatlinburg,
Tennessee. 2J
Chicago
Antioch Holding Company, Antioch, I l l i n o i s , for approval
to acquire 100 percent of the voting shares of New Lenox
Holding Company, New Lenox, I l l i n o i s and indirectly New
Lenox State Bank, New Lenox, I l l i n o i s ; Wesco Investment
Corporation, La Grange, I l l i n o i s and indirectly West
Chicago State Bank, West Chicago, I l l i n o i s ; and F.N.B.C.
of La Grange, La Grange, I l l i n o i s and indirectly First
National Bank of La Grange, La Grange, I l l i n o i s . 2/
Chicago
Community Banks, Inc., Middleton, Wisconsin, for approval
to acquire 100 percent of the voting shares of Badger
Bankshares Corporation, Monona, Wisconsin and indirectly
Monona-Grove State Bank, Monona, Wisconsin. 2J
Chicago
Northern Trust Corporation, Chicago, I l l i n o i s , for approval
to acquire 100 percent of the voting shares (less directors' qualifying shares) of the successor by merger
to Northern Trust Bank of Florida N.A., Miami, Florida,
a proposed new bank. 2J
Chicago
Transworld Corp., Lake Forest, I l l i n o i s , for approval to
acquire up to 33 percent of the voting shares of Dempster
Plaza State Bank, Niles, I l l i n o i s . 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, 1982 No. 24
- 21 APPLICATIONS RECEIVED-Continued
Kansas City
Colorado National Bankshares, Inc., Denver, Colorado, for
approval to acquire 100 percent of the voting shares
of The Exchange National Bank of Colorado Springs,
Colorado Springs, Colorado. 2/
Kansas City
Riverton State Bank Holding Company, Riverton, Wyoming,
for approval to acquire 100 percent of the voting
shares of Dubois National Bank, Dubois, Wyoming. 2J
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
New York
Citicorp, New York, New York, for approval to acquire 100
percent of the voting shares of Drum Savings and Investment Company of Douglas County, Inc., Omaha, Nebraska.
New York
Citicorp, New York, New York, requests permission to establish a de novo office of its subsidiary, Citicorp Homeowners , Inc. ("CHI"), and to expand the activities of
an existing office of its subsidiary, Citicorp Personto-Person Financial Center, Inc. ("CPFC") at the same
location, the proposed activities in which CPFC will engage
in are (the making, acquiring and servicing, for its own
account and for the account of others, of extensions of credit
to individuals secured by liens on residential or nonresidential real estate; and the sale of mortgage l i f e
and mortgage disability insurance directly related to
extensions of mortgage loans; the proposed service area
for the aforementioned activities shall be comprised of
the entire State of Georgia; the proposed activities in
which the de novo office of CHI w i l l engage are: the
making or acquiring of loans and other extensions of
credit, secured or unsecured, for consumers and other
purposes; the making, acquiring and servicing for its
own account and for the account of others, of extensions
of credit to individuals secured by liens on residential
or non-residential real estate; the sale of credit related
l i f e and accident and health or decreasing or level (in
the case of single payment loans) term l i f e insurance
by licensed agents or brokers, as required; the sale of
77
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 24
- 22 APPLICATIONS HECEIVED-Continued
mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y
related t o extensions of mortgage loans; the sale of
consumer oriented f i n a n c i a l management courses; and the
s e r v i c i n g , f o r any person, of loans and other extensions
of c r e d i t ; the proposed service area of the de novo o f f i c e
of CHI shall be comprised of the e n t i r e State of Georgia
f o r a l l the aforementioned a c t i v i t i e s ; c r e d i t related
l i f e * accident and health insurance may be w r i t t e n by
Family Guardian L i f e Insurance Company, an a f f i l i a t e
of CPFC and CHI) at 5575 Peachtree Dunwoody Road,
A t l a n t a , Georgia, through i t s s u b s i d i a r i e s , C i t i c o r p
Homeowners, Inc. and C i t i c o r p Person-to-Person Financial
Center, Inc. (6/8/82)
New York
C i t i c o r p , New York, New York, requests permission to establ i s h a de novo o f f i c e of i t s s u b s i d i a r y , C i t i c o r p Homeowners , Inc. ("CHI") and to expand the a c t i v i t i e s of an
e x i s t i n g o f f i c e of i t s subsidiary, C i t i c o r p Person-toPerson Financial Center of F l o r i d a , Inc. ("CPFC") at the
same l o c a t i o n s , the a c t i v i t i e s in which the proposed de
novo o f f i c e of CHI w i l l engage are (the making or acquiring of loans and other extensions of c r e d i t , secured or
unsecured, f o r consumer and other purposes; the sale of
c r e d i t related l i f e and accident and health or decreasing or l e v e l ( i n the case of single payment loans) term
l i f e insurance by licensed agents or brokers, as required;
the sale of consumer oriented f i n a n c i a l management courses;
the s e r v i c i n g , f o r any person, of loans and other extensions of c r e d i t ; the making, acquiring and s e r v i c i n g , f o r
i t s own account and f o r the account of others, of extensions of c r e d i t t o i n d i v i d u a l s secured by liens on
r e s i d e n t i a l or non-residential real estate; and the sale
of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y r e l a t e d to extensions of mortgage loans; the proposed service area f o r the de novo o f f i c e shall be
comprised of the e n t i r e State of Florida f o r a l l the
aforementioned a c t i v i t i e s ; the new a c t i v i t i e s in which
CPFC proposes t o engage de novo are: the making, acquiring and s e r v i c i n g , f o r i t s own account and f o r the account of o t h e r s , of extensions of c r e d i t to i n d i v i d u a l s
secured by l i e n s on r e s i d e n t i a l or non-residential real
e s t a t e ; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related t o extensions of
mortgage loans; the proposed service area f o r the
aforementioned a c t i v i t i e s shall be comprised of the
e n t i r e State of F l o r i d a ; c r e d i t related l i f e , accident
and health insurance may be w r i t t e n by Family Guardian
H.2, 1982No. 24
-23APPLICATIONS RECEIVED-Continued
L i f e Insurance Company, an a f f i l i a t e of CHI and CPFC) at
7261 U.S. 19th North, Pinellas Park, Florida, through i t s
subsidiaries, Citicorp Homeowners, Inc. and Citicorp
Person-to-Person Financial Center of Florida, Inc. (6/11/82)
New York
C i t i c o r p , New York, New York, requests permission to establ i s h a de novo o f f i c e of i t s subsidiary, Citicorp Homeowners, Inc. ("CHI") and to expand the a c t i v i t i e s of an
existing o f f i c e of i t s subsidiary, Citicorp Person-toPerson Financial Center, Inc. ("CPFC") at the same locat i o n , the a c t i v i t i e s in which the de novo o f f i c e of CHI
w i l l engage are (the making or acquiring of loans and
other extensions of c r e d i t , secured or unsecured, for
consumer and other purposes; the making, acquiring and
servicing for i t s own account and for the account of
others, of extensions of c r e d i t to individuals secured
by liens on residential or non-residential real estate;
the sale of c r e d i t related l i f e and accident and health
or decreasing or level ( i n the case of single payment
loans) term l i f e insurance by licensed agents or brokers,
as required; the sale of mortgage l i f e and mortgage disa b i l i t y insurance d i r e c t l y related to extensions of
mortgage loans; the sale of consumer oriented fi n a n ci a l
management courses; and the servicing, f o r any person,
of loans and other extensions of c r e d i t ; the proposed
service area of CHI shall be comprised of the e n t i r e
State of Alabama for a l l the aforementioned a c t i v i t i e s ;
the new a c t i v i t i e s in which the existing o f f i c e of CPFC
proposes to engage de novo are: the making, acquiring
and servicing, f o r U s own account and for the account
of others, of extensions of credit to individuals secured
by liens on residential or non-residential real estate;
and the sale of mortgage l i f e and mortgage d i s a b i l i t y
insurance d i r e c t l y related to extensions of mortage
loans; the proposed service area for the aforementioned
a c t i v i t i e s shall be comprised of the entire State of
Alabama; c r e d i t related l i f e , accident, and health
insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of CHI and CPFC) at 3724 Lorna
Road, Birmingham, Alabama, through i t s subsidiaries,
C i t i c o r p Homeowners, Inc. and Citicorp Person-to-Person
Financial Center, Inc. (6/9/82)
New York
C i t i c o r p , New York, New York, requests permission to establ i s h a de novo o f f i c e of i t s subsidiary, Citicorp Homeowners , Inc. ("CHI") and to expand the a c t i v i t i e s and service area of an existing o f f i c e of i t s subsidiary, Citicorp
Person-to-Person Financial Center, Inc. ("CPFC") at the
i
H.2, 1982 No. 24
-24APPLICATIONS RECEIVED-Continued
same location; the a c t i v i t i e s in which the proposed
de novo o f f i c e of CHI w i l l engage are (the making or
acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, f o r consumer and other purposes; the sale of c r e d i t related l i f e and accident
and health or decreasing or level ( i n the case of
single payment loans) term l i f e insurance by licensed
agents or brokers, as required; the sale of consumer
oriented financial management courses; the servicing
for any person, of loans and other extensions of
c r e d i t ; the making, acquiring and servicing, f o r i t s
own account and for the account of others of extensions of c r e d i t to individuals secured by liens on
residential or non-residential real estate; and the
sale of mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y related to extensions of mortgage loans; the
proposed service area of CHI shall be comprised of the
e n t i r e State of Alabama f o r a l l the aforementioned
a c t i v i t i e s ; the new a c t i v i t i e s in which the o f f i c e
of CPFC proposes to engage de novo are: the making,
acquiring and servicing, f o r i t s own account and f o r
the account of others, of extensions of c r e d i t to
individuals secured by liens on residential or nonresidential real estate; and the sale of mortgage l i f e
and mortgage d i s a b i l i t y insurance d i r e c t l y related to
extensions of mortgage loans; the proposed service are
f o r the aforementioned proposed a c t i v i t i e s shall be comprised
of the e n t i r e State of Alabama, the proposed expanded
service area of CPFC shall be comprised of the entire
State of Alabama f o r a portion of i t s previously approved
a c t i v i t i e s , s p e c i f i c a l l y , the making or acquiring of
loans and other extensions of c r e d i t , secured or unsecured,
f o r consumer and other purposes; the extension of loans
to dealers for the financing of inventory ( f l o o r planning)
and working capital purposes; the purchasing and servicing
f o r i t s own account of sales finance contracts; the sale
of credit related l i f e and accident and health or decreasing
or level ( i n the case of single payment loans) term l i f e
insurance by licensed agents or brokers, as required; the
sale of consumer oriented fi n a n ci a l management courses;
and the servicing, f o r any person, of loans and other
extensions of c r e d i t ; c r e d i t related l i f e , accident and
health insurance may be w r i t t e n by Family Guardian L i f e
Insurance Company, an a f f i l i a t e of CHI and CPFC) at #12
North 20th Street, Birmingham, Alabama, through i t s subsidi a r i e s , Citicorp Homeowners, Inc. and Citicorp Person-to-Person
Financial Center, Inc. (6/9/82)
H.2, 1982 No. 24
- 25 APPLICATIONS RECEIVED-Continued
New York
C i t i c o r p , New York, New York, requests permission to establ i s h jje novo o f f i c e s of i t s subsidiary, Citicorp Homeowners, Inc. ("CHI") and to expand the a c t i v i t i e s and
service area of eight existing o f f i c e s of i t s subsidi a r y , Citicorp Person-to-Person Financial Center, Inc.
("CPFC") at the same locations, the a c t i v i t i e s to be
engaged in by the de novo o f f i c e s of CHI w i l l include
(the making or a c q u i r i n g o f loans and other extensions
of c r e d i t , secured or unsecured, for consumer and other
purposes; the making, acquiring and servicing for i t s
own account and f o r the account of others, extensions of
of c r e d i t to individuals secured by liens on residential
or non-residential real estate; the sale of c r e d i t related l i f e and accident and health or decreasing or level
( i n the case of single payment loans) term l i f e insurance
by licensed agents or brokers, as required; the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y
related to extensions of mortgage loans; the sale of
consumer oriented financial management courses; and the
servicing, for any person, of loans and other extensions
of c r e d i t ; the proposed service area of the de novo
o f f i c e s shall be comprised of the e n t i r e States of
Arizona, Nevada and New Mexico f o r a l l the aforementioned
a c t i v i t i e s ; the new a c t i v i t i e s in which the CPFC o f f i c e s
propose to engage de novo are: the making, acquiring
and servicing, for i t s own account and for the account
of others, of extensions of c r e d i t to individuals secured
by liens on residential or non-residential real estate;
and the sale of mortgage l i f e and mortgage d i s a b i l i t y
insurance d i r e c t l y related to extensions of mortgage
loans; the proposed service area f o r the aforementioned
proposed a c t i v i t i e s shall be comprised of the entire
States of Arizona, Nevada and New Mexico; the proposed
expanded service area of the CPFC o f f i c e s shall include
the entire States of Arizona, Nevada and New Mexico f o r
a portion of t h e i r previously approved a c t i v i t i e s ;
s p e c i f i c a l l y , the making or acquiring of loans and other
extensions of c r e d i t , secured or unsecured, for consumer
and other purposes; the sale of c r e d i t related l i f e and
accident and health or decreasing or level ( i n the case
of single payment loans) term l i f e insurance by licensed
agents or brokers, as required; the sale of consumer oriented
f inancial management courses; and the servicing, f o r any
person, of loans and other extensions of c r e d i t ; in regard
to c r e d i t related insurance, the business of a general
insurance agency w i l l not be conducted; c r e d i t related
decreasing term l i f e insurance and accident and health
insurance may be underwritten by Family Guardian L i f e
Insurance Company, an a f f i l i a t e of CPFC and CHI) at 7260
H.2, 1982 No. 24
- 26 APPLICATIONS RECEIVED-Continued
E. Indian School Road, Scottsdale, Arizona; 9861 Metto
Parkway West, Phoenix, Arizona; 2077 East Camel back
Road, Phoenix, Arizona; 111 E. Missouri Avenue, Phoenix,
Arizona; T r i - C i t y M a l l , 1836 West Main S t r e e t , Mesa,
Arizona; Thomas M a l l , 4421 A East Thomas Road, Phoenix,
Arizona; 143 Valley West Mall, 5719 West Northern Avenue,
Glendale, Arizona; and Chris Town Shopping Center, 1558
West Montebello, Phoenix, Arizona, through i t s subsidi a r i e s , C i t i c o r p Homeowners, Inc. and C i t i c o r p Personto-Person Financial Center, Inc. (6/7/82)
New York
C i t i c o r p , New York, New York, requests permission to establ i s h f o u r de novo o f f i c e s of i t s subsidiary, C i t i c o r p
Homeowners, Inc. ("CHI") and to expand the a c t i v i t i e s and
service area of four e x i s t i n g o f f i c e s of i t s subsidiary,
C i t i c o r p Person-to-Person Financial Center, Inc. ("CPFC")
at the same l o c a t i o n s , the a c t i v i t i e s in which the proposed de novo ofices of CHI w i l l engage are (the making
or acquiring of loans and other extensions of c r e d i t
secured or unsecured, f o r consumer and other purposes;
the sale of c r e d i t related l i f e and accident and health
or decreasing or level ( i n the case of single payment
loans) term l i f e insurance by licensed agents or brokers,
as requested; the sale of consumer oriented f i n a n c i a l
management courses; the s e r v i c i n g , f o r any person of
loans and other extensions of c r e d i t ; the making, acquiri n g , and s e r v i c i n g , f o r i t s own account and f o r the
account of o t h e r s , of extensions of c r e d i t t o
i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or nonr e s i d e n t i a l real e s t a t e ; and the sale of mortgage l i f e
and mortgage d i s a b i l i t y insurance d i r e c t l y related t o
extensions of mortgage loans; the proposed service area
of the de novo o f f i c e s of CHI s h a l l be comprised of the
e n t i r e "State of C a l i f o r n i a f o r a l l the aforementioned
a c t i v i t i e s ; the new a c t i v i t i e s i n which the o f f i c e s of
CPFC propose t o engage de novo are: the making, acquiri n g , and s e r v i c i n g , f o r T t s own account and f o r the
account of o t h e r s , of extensions of c r e d i t t o i n d i v i d u a l s
secured by l i e n s on r e s i d e n t i a l or non-residential real
e s t a t e ; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related t o extensions of
mortgage loans; the proposed service area of each of
the CPFC o f f i c e s f o r the aforementioned proposed
a c t i v i t i e s shall be comprised of the e n t i r e State of
C a l i f o r n i a ; the proposed expanded service area of the
CPFC o f f i c e s s h a l l include the e n t i r e State of C a l i f o r n i a f o r the p o r t i o n of t h e i r previously approved
a c t i v i t i e s , s p e c i f i c a l l y , the making or acquiring of
l
H.2, 1982 No. 24
- 27 APPLICATIONS RECEIVED-Continued
loans and other extensions of c r e d i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory
( f l o o r planning) and working capital purposes; the purchasing and servicing for i t s own account of sales
finance contracts; the sale of credit related l i f e
and accident and health or decreasing or level ( i n the
case of single payment loans) term l i f e insurance by
licensed agents or brokers, as required; the sale of
consumer oriented financial management courses and the
servicing, f o r any person, of loans and other extensions of c r e d i t ; credit related l i f e , accident and
health insurance may be w r i t t e n by Family Guardian
L i f e Insurance Company, an a f f i l i a t e of CPFC and CHI)
at Four Seasons Office Building, 4827 Sepulveda Blvd.,
Suite 100, Sherman Oaks, C a l i f o r n i a ; 119 North Central
Avenue, Glendale, C a l i f o r n i a ; Vanir Tower City Mall
Plaza, 290 N. "D" Street, Suite 804, San Bernardino,
C a l i f o r n i a ; and 21707 Hawthorne Blvd., Suite 106, Torrance,
C a l i f o r n i a , through i t s subsidiaries, Citicorp Homeowners,
Inc. and C i t i c o r p Person-to-Person Financial Center,
Inc. (6/8/82)
New York
C i t i c o r p , New York, New York, requests permission to establ i s h four de novo o f f i c e s of i t s subsidiary, Citicorp
Homeowners, Inc. ("CHI") and to expand the a c t i v i t i e s and
service area of four e x i s t i n g o f f i c e s of i t s subsidiary,
C i t i c o r p Person-to-Person Financial Center of Florida,
Inc. ("CPFC") at those same locations, the a c t i v i t i e s
in which the de novo o f f i c e s of CHI propose to engage
are (the making or acquiring of loans and other extensions of c r e d i t , secured or unsecured, f o r consumer
and other purposes; the sale of c r e d i t related l i f e
and accident and health or decreasing or level ( i n the
case of single payment loans) term l i f e insurance by
licensed agents or brokers, as required; the sale of
consumer oriented financial management courses; the
s e r v i c i n g , f o r any person, of loans and other extensions of c r e d i t ; the making, acquiring and servicing,
f o r i t s own account and for the account of others, of
extensions of c r e d i t to individuals secured by liens
on residential or non-residential real estate; and the
sale of mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y related to extensions of mortgage loans; the
proposed service area of each of the de novo o f f i c e s
of CHI shall be comprised of the e n t i r e State of Florida
for a l l the aforementioned proposed a c t i v i t i e s ; the
1
I
H.2, 1982 No. 24
- 28 APPLICATIONS RECEIVEP-Continued
previously approved a c t i v i t i e s in which the o f f i c e s of
CPFC engage are as follows: the making or acquiring of
loans and other extensions of c r e d i t , secured or unsecured,
for consumer and other purposes; the extension of loans to
dealers for the financing of inventory ( f l o o r planning)
and working capital purposes; the purchasing and servicing
f o r i t s own account of sales finance contracts and the
sale of credit related l i f e and accident and health
or decreasing or level ( i n the case of single payment
loans) term l i f e insurance by licensed agents or brokers,
as required; the sale of consumer oriented financial
management courses; and the servicing, for any person
of loans and other extensions of c r e d i t ; the new
a c t i v i t i e s in which the o f f i c e s of CPFC propose to
engage de novo are: the making, acquiring and servicing,
for i t s own account and for the account of others,
of extensions of c r e d i t to individuals secured by liens
on residential or non-residential real estate; and the
sale of mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y related to extensions of mortgage loans; the
proposed service area f o r each CPFC o f f i c e f o r a l l
previously approved a c t i v i t i e s shall be comprised of
the e n t i r e State of F l o r i d a ; c r e d i t related l i f e , accident and health insurance may be written by Family
Guardian L i f e Insurance Company, an a f f i l i a t e of CPFC
and CHI) at 5414 North Davis Highway, Pensacola, Florida,
Windmill Gate Shopping Center, 1603 N.W. 67th Avenue,
Miami Lakes, Florida; Executive Centre, 2300 Palm Beach
Lake Blvd., West Palm Beach, Florida and 1915 North
Monroe, Tallahassee, F l o r i d a , through i t s subsidiaries,
C i t i c o r p Homeowners, Inc. and C i t i c o r p Person-to-Person
Financial Center of F l o r i d a , Inc. (6/8/82)
New York
C i t i c o r p , New York, New York, requests permission to establ i s h a de novo o f f i c e engaging i n the following a c t i v i t i e s
(consumer lending a c t i v i t i e s including application
acceptance functions, the execution of loan documents
and disbursement of funds, the acceptance of payments,
account adjustments and other customer service a c t i v i t i e s
incidental to Citicorp Financial I n c . ' s c r e d i t card and
d i r e c t lending a c t i v i t i e s ; the service area of the de
novo o f f i c e shall be comprised of the e n t i r e State of
V i r g i n i a ) at Springfield Mall, P.O. Box 789, S p r i n g f i e l d ,
V i r g i n i a , through i t s subsidiary, Citicorp Financial Inc.
(6/9/82)
i
H.2, 1982 No. 24
- 29APPLICATIONS RECEIVED-Continued
New York
Ramapo Financial Corporation, Wayne, New Jersey, requests
permission to expand the activities of an unapproved
subsidiary (providing instruction and advice regarding
the development of loan programs in order to enable client
banks, savings and loan associations, and mutual savings
banks to operate such loan programs independently; this
service would include instruction and advice concerning
operations; systems and procedures; accounting procedures;
credit administration, documentation and evaluation;
product development and advertising programs; and training
for the above mentioned lending areas of other financial
institutions) at 64 Boonton Road, Wayne, New Jersey,
through its subsidiary, RFC Services Corporation (6/10/82)
Cleveland
Banc One Corporation, Columbus, Ohio, notification of intent
to engage in de novo activities (leasing personal property
and equipment, or acting as agent, broker, or advisor in
leasing of such property where such property is acquired
by the lessor at the request of the lessee, for business
purposes and where at the inception of the i n i t i a l lease
the expectation is that the effect of the transaction
and reasonably anticipated future transactions with the
same lessee as to the same property w i l l be to compensate
the lessor for not less than the lessor's f u l l investment
1n the property; making, acquiring, and selling for i t s
own account and for the account of others, loans and other
extensions of credit including loans to finance agricultural
production, commercial and industrial loans, and loans to
individuals for household, family, and other personal
expenditures; and servicing such loans and other extensions of credit for i t s e l f and for non-affiliated banks
and for institutional investors) at 9023 Darrow Road,
Twlnsburg, Ohio, through its subsidiary, Banc One Financial
Corporation (6/7/82)
Richmond
Maryland National Corporation, Baltimore, Maryland, n o t i f i cation of intent to engage in de novo activities (engaging generally in the business of leasing personal property
(including, but not limited to, the leasing of various types
of equipment, machinery, vehicles, transportation equipment, and data processing equipment and including conditional
sales contracts and chattel mortgages where the lease is the
functional equivalent of an extension of credit; originating
and servicing personal property leases as principal or agent;
buying, selling and otherwise dealing in personal property
lease contracts as principal or agent; acting as adviser in
personal property leasing transactions; engaging in the
H.2, 1982 No. 24
- 30 APPLICATIONS RECEIVED-Continued
sale, as agent or broker, of insurance similar in form
and intent to credit l i f e and/or mortgage redemption
insurance; engaging generally in the business of leasing real property where the lease is the functional
equivalent of an extension of credit; originating
real property leases as principal or agent; servicing
real property leases for a f f i l i a t e d or nonaffiliated
individuals, partnerships, corporations or other
e n t i t i e s ; buying, selling and otherwise dealing in
real property leases as principal, agent or broker;
acting as adviser in real property leasing transactions;
engaging generally in commercial lending operations including, but not be limited to, secured and unsecured
commercial loans and other extensions of credit to
commercial enterprises; and acting as advisor or broker
in commercial lending transactions) at Suite 105C,
Prospect Center Office Building, 301 Sovereign Court,
Manchester, Missouri and Suite 804, Fidelity Federal
Building, 401 Union Street, Nashville, Tennessee,
through its subsidiary, Maryland National Leasing
Corporation (6/9/82)
Kansas City
The First National Bancorporation, Inc., Denver, Colorado,
notification of intent to engage in de novo activities
(acting as agent for the sale of credit l i f e , credit
accident and health insurance to include Applicant's
recently acquired subsidiary bank, Foothills National
Bank, Fort Collins, Colorado) the geographic area to
be served by this office includes the city of Fort
Collins, Larimer County and the western half of Weld
County (6/11/82)
San
Francisco
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making or acquiring for its own account loans and other
extensions of credit such as would be made or acquired
by a finance company; such activities w i l l include, but
not be limited t o , making loans and other extensions of
credit of a commercial nature to individuals and
businesses; such loans may be unsecured or secured by
personal assets and residential and commercial real
estate) at 1105 Hamilton Street, Allentown, Pennsylvania,
serving a l l f i f t y States and the District of Columbia,
through i t s subsidiary, BA Business Credit Corporation
(a Delaware Corporation) (6/12/82)
H.2, 1982 No. 24
-31APPLICATIONS RECEIVED-Continued
San
Francisco
Charter National Bancorp, Encino, C a l i f o r n i a , n o t i f i c a t i o n
of intent t o engage i n de novo a c t i v i t i e s (making or
acquiring, f o r i t s own account or for the account of
others, loans and other extensions of c r e d i t (including issuing l e t t e r s of c r e d i t and accepting d r a f t s )
such as would be made by a mortgage, finance, credit
card or factoring company; these a c t i v i t i e s are proposed to be financed by loans to Charter National F i nance Corporation, by a non a f f i l i a t e d bank or banks,
which loans may be guaranteed by Charter National Bancorp)
at 16810 Ventura Boulevard, Encino, (Los Angeles),
C a l i f o r n i a , serving the State of C a l i f o r n i a , through
a subsidiary, Charter National Finance Corp. (6/3/82)
San
Francisco
Rainier Bancorporation, Seattle, Washington, n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s (making or
acquiring for i t s own account or for the account of
others, loans or other extensions of c r e d i t ; and acting as an insurance agent or broker with regard to
insurance that is d i r e c t l y related to extensions of
c r e d i t by Rainier Mortgage Company in the following
categories: mortgage redemption insurance in the
form of c r e d i t l i f e and d i s a b i l i t y insurance; property
and casualty insurance on real and personal property,
including homeowners, f i r e and extended coverage,
l i a b i l i t y , b u i l d e r ' s course of construction, and
builder borrower insurance and performance bonds) in
Lakewood, Colorado, serving the e n t i r e State of
Colorado, through i t s subsidiary, Rainier Mortgage
Company (6/8/82)
San
Francisco
Seafirst Corporation, Seattle, Washington, for approval
t o engage de novo through i t s subsidiaries, Seafirst
University H i l l s Industrial Bank and Seafirst Belcaro
Industrial Bank, both in Denver, Colorado, in the
o f f e r i n g of NOW accounts and savings accounts accessible
by d r a f t s payable through commercial banks and debit
cards.
San
Fracfsco
U.S. Bancorp * Portland, Oregon, n o t i f i c a t i o n of intent
to engage i n de novo a c t i v i t i e s (making, acquiring and
servicing of Toans and other extensions of c r e d i t ,
e i t h e r secured or unsecured, f o r i t s own account or
the account of others including, but not l i m i t e d t o ,
commercial, rediscount and installment sales contracts;
to issue t h r i f t c e r t i f i c a t e s and passbooks and to act
as insurance agent with regard to c r e d i t l i f e and d i s a b i i l t y insurance solely in connection with extensions
i
H.2, 1982 No. 24
- 32 APPLICATIONS RECEIVED-Continued
of credit by U.S. T h r i f t , in conformance with the
provision of Sections 225.4(a)(1), (2), ( 3 ) , and
( 9 ) ( i ) of Regulation Y) at 2 East Broadway, Salt
Lake City, Utah, the primary service area is defined
as that area north of 2100 South Street, east of 1-15
and bordered to the north and east by the Wasatch Mountain,
through its subsidiary, U.S. Thrift & Loan (6/11/82)
*
*
*
*
*
REPORTS RECEIVED
Ownership Statement Filed Pursuant to Section 13(d)
of the Securities Exchange Act
Chemung Canal Trust Co., Elmira, New York
(Filed by Robert E. Dalrymple)
The Bank of Vienna, Vienna, Virginia
(Filed by Michael S. Juhasz)
@FedFRASER