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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1986, No. 24 Actions of the Board Applications and Reports Received During the Week Ending June 14, 1986 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Statement by Chairman Volcker before the Subcommittee on Commerce, Consumer & Monetary Affairs of the House Committee on Government Operations concerning the basic approach toward banking and bank holding company legislation and regulation, June 11, 1986. Federal Reserve Board adopted amendments to its Regulation J, Check Collection and Transfers of Funds, concerning the reduction and reallocation of check float and the collection of foreign checks as well as some technical changes, effective January 1, 1987, and in addition, modified its automated clearing house (ACH) procedures, effective April 1, 1987. A standard holiday schedule for Reserve Banks was adopted effective January 1, 1987. Philadelphia Comm Bancorp, Inc.,Forest City, Pennsylvania — extension of time to September 27, 1986, within which to acquire 23.9 percent of The First National Bank of Nicholson, Nicholson, Pennsylvania. 1/ Cleveland FNBG National Bank, Garrett, Pennsylvania, — proposed merger with The First National Bank of Garrett — report to the Comptroller of the Currency on competitive factors. 1/ Cleveland The First National Bank of Pandora, Pandora, Ohio — proposed merger Pandora, Interim, National Association — report to the Comptroller of the Currency on competitive factors. 1/ 17 A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Boa r d of G o vernors und e r d e l e g a t e d authority. H.2, 1986, No. 24 -2- ACTIONS OF THE BOARD - Continued Richmond First Virginia Bank - South Central, Amherst, Virginia — extension of time to May 27, 1987, within which to establish a branch at the intersection of U. S. Route 501 and State Route 24, Rustburg, Virginia. 1/ Richmond Peoples Bank & Trust Company, Rocky Mount, North Carolina — proposed acquisition of assets and assumption of liabilities of the Atlantic Savings & Loan Association, Incorporated, Wilson, North Carolina — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Atlanta NCNB National Bank of Florida, Tampa, Florida — proposed merger with Pan American Bank, N . A . , Miami, Florida — report to the Comptroller fo the Currency on competitive factors. 1/ Atlanta Florida Commercial Banks, Inc., Miami, Florida — extension of time to September 27, 1986. within which Hugh F.Culverhouse, Sr., may acquire additional shares. Atlanta United Pinellas Corporation, St. Petersburg, Florida — extension of time to September 22, 1986, within which to merge with Pinellas Bancshares Corporation. 1/ Atlanta N K B, Inc., North Miami Beach, Florida — extension of time to September 12, 1986, within which to acquire Skylake State Bank. 1/ Atlanta Boca Bank, Boca Raton, Florida — extension of time to September 14, 1986, within which to merge with Boca Interim Bank. 1/ Chicago First National Interim Bank of Angola, Angola, Indiana — proposed merger with First National Bank of Angola — report to the Comptroller of the Currency on competitive factors. 1/ Chicago CNB National Association, Downers Grove, Illinois — proposed merger with Citizens National Bank of Downers Grove — report to the Comptroller of the Currency on competitive factors. 1/ T7 A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H. 2 , 1986, No. 24 -3- ACTIONS OF THE BOARD - Continued Chicago Shelby County Bancorp, Inc., Shelbyville, Illinois — extension of time to September 4, 1986, within which to acquire the successor by merger to Shelby County State Bank. 1/ Kansas City Citywide Bank of Denver, Denver, Colorado proposed acquisition of assets and assumption of liabilities of the Montbello Branch of Empire Savings Building and Loan Association — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Kansas City R & C Bancorp, Inc., Oklahoma City, Oklahoma — extension of time to September 4, 1986, within which to acqure Rockwell Bank, N.A., and Choctaw Bancorp, Inc., Choctaw, Oklahoma. / 1 Dallas Valley-Hi National Bank of San Antonio, San Antonio, Texas — proposed merger with N e w Valley-Hi National Bank — report to the Comptroller of the Currency on competitive factors. 1/ Dallas Interim Peoples State Bank, Caldwell, Texas — proposed merger with Peoples National Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ San Francisco First Interstate Bank of California, Los Angeles, California — extension of time to June 4, 1986, within which to establish a branch office near the intersection of Highway 10 and Haven Avenue, Ontario, California. 1/ San Francisco Security Pacific Corporation, Los Angeles, California — extension of time within which to divest certain properties. / 1 San Francisco Wells Fargo & Company, San Francisco, California — extension of time to September 16, 1986, within which to issue payments i n struments. 1/* * * * * * 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Boa r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986, No. 24 -4- ACTIONS OF THE BOARD - Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve A c t Approved Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch at 2129 General Booth Boulevard, Virginia Beach, Virginia. 1/ (6/ 12/ 86) * * * * * T o Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve A c t Approved Chicago Bank of Elmwood, Racine, Wisconsin. (6/ 11/ 86) 1/ Kansas City Lafayette First Industrial Bank, Lafayette, Colorado. 1/ (6/13/86) Dallas Bank of Livingston, Livingston, Texas, a proposed new bank. 1/ (6/12/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (1) of the Bank Holding Company Ac t of 1956 Returned Cleveland Greenup B a n k s h a r e s , I n c ., G r e e n u p , Kentucky — for approval to acquire 100 percent of the voting shares of The Greenup County Bank, Greenup, Kentucky. (6/24/86) Atlanta Peoples Exchange Bancshares, Inc., Beatrice, Alabama — for approval to acquire 80 percent of the voting shares of Peoples Exchange Bank of Monroe County, Beatrice, Alabama. (2/25/86) Kansas City Northland Bancshares, 17 Inc., Kansas City, A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986, No. 24 -5- ACTIONS OF THE BOARD - Continued Missouri — for approval to acquire 100 percent of the voting shares of First National Bank of Platte County, Kansas City, Missouri, a proposed new bank. (6/12/86) San Francisco Verde Valley Bancorp, Inc., Cottonwood, Arizona — for approval to acquire 80 percent of the voting shares of The Bank of Verde Valley, Cottonwood, Arizona, a proposed new bank. (5/22/86) * * * * * Approved Richmond National Bankshares, Inc., Blacksburg, Virginia — for approval to acquire 100 percent of the voting shares of The National Bank of Blacksburg, Blacksburg, Virginia. 1/ (6/13/86) Atlanta Cumberland Bancshares, Inc., Hartsville, Tennessee — for approval to acquire 80 percent of the voting shares of Citizens Bank, Hartsville, Tennessee. 1/ (6/13/86) Atlanta First State Bancshares of Blakely, Inc., Blakely, Georgia — for approval to acquire 100 percent of the voting shares of First State Bank of Blakely, Blakely, Georgia. 1/ (6/11/86) Atlanta IBT Bancshares, Iuc., Gretna, Louisiana — for approval to acquire 100 percent of the voting shares of Investors Bank and Trust Company, Gretna, Louisiana. 1/ (6/11/86) St. Louis Omni Bancorp, Inc., Effingham, Illinois for approval to acquire 100 percent of the voting shares of the successor by merger to Crossroads Bank,Effingham, Illinois. 1/ (6/9/86) Minneapolis Graham Shares of Waverly, Inc., Waverly, Minnesota — for approval to acquire 100 percent of the voting shares of Citizens State Bank of Waverly, Waverly, Minnesota. 1/ (6/9/86) Minneapolis Marquette County Financial Corporation, 17 A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986, No. 24 -6- ACTIONS OP THE BOARD - Continued Negaunee, Michigan — for approval to acquire 100 percent of the voting shares of The First National Bank of Negaunee, Negaunee, Michigan. 1/ (6/11/86) Kansas City American Commerce Banshares, Inc., Omaha, Nebraska — for prior approval to acquire at least 80 percent of the common and preferred shares of Financial Group Humboldt, Inc., Humboldt, Nebraska and indirectly Home State Bank & Trust Company, Humboldt, Nebraska; and Financial Group Dawson, Inc., Humboldt, Nebraska and indirectly The Dawson Bank, Dawson, Nebraska; and to acquire at least 80 percent of the common shares of American National Corporation, Omaha, Nebraska and indirectly American National Bank, Omaha, Nebraska. 1/ (6/10/86) Kansas City Nichols Hills Bancorporation, Inc., Oklahoma City, Oklahoma — for approval to acquire 100 percent of the voting common shares of Nichols Hills Bank and Trust Company, Oklahoma City, Oklahoma. 1/ (6/13/86) Dallas Ben Wheeler Bancshares, Inc., Ben Wheeler, Texas — for approval to acquire 100 percent of the voting shares of First State Bank of Ben Wheeler, Ben Wheeler, Texas. 1/ (6/13/86) San Francisco Sierra Tahoe Bancorp, Truckee, California — for approval to acquire 100 percent of the voting shares of Truckee River Bank, Truckee, California. 1/ (6/9/86) * * * * * Denied San Francisco Crown National Bancorp, San Jose, California — for approval to acquire 100 percent of the voting shares of Crown National Bank, San Jose, California, a proposed new bank. (6/10/86) * * * * * T o Expand a Bank Holding Company Pursuant to Section 3 ( a ) (3) of the Bank Holding Company A c t o f 1956 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986, No. 24 -7- ACTIONS OF THE BOARD - Continued Returned Chicago Central Illinois Community Bancorp, Inc., Peoria, Illinois — for approval to acquire 100 percent of the voting shares of First Tazewell Bancorp, Inc., Peoria, Illinois and indirectly acquire First National Bank in East Peoria, East Peoria, Illinois. (6/24/86) Chicago Central Illinois Community Bancorp, Inc., Peoria, Illinois — for approval to acquire 97.66 percent of the voting shares of Northwest Community Bank, Peoria, Illinois. (6/24/86) St. Louis Bancorp of Mississippi, Inc., Tupelo, Mississippi — for approval to acquire at least 7.76 percent of the voting shares of First Mississippi National Corporation, Hattiesburg, Mississippi and indirectly acquire First Mississippi National Bank, Hattiesburg, Mississippi. (6/13/86) * * * * * Approved Boston The Conifer Group Inc., Worcester, Massachusetts — for approval to acquire 100 percent of the voting shares of Hampshire National Bank of South Hadley, South Hadley, Massachusetts. 1/ (6/10/86) Boston The Conifer Group Inc., Worcester, Massachusetts — for approval to acquire 100 percent of the voting shares of Patriot Bancorporation, Boston, Massachusetts and indirectly Patriot Bank, N . A . , Boston, Massachusetts. 1/ (6/10/86) Philadelphia Guaranty Bancshares Corporation, Shomokin, Pennsylvania — for approval to acquire 100 percent of the voting shares of First National Bank of Nicholson, Nicholson, Pennsylvania. 1/ (6/11/86) Atlanta Bank Corporation of Georgia, Fort Valley, Georgia — for approval to acquire 100 percent of the voting shares of The Citizens T7 A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986, No. 24 -8- ACTIONS OF THE BOARD - Continued Bank of Ashburn, Ashburg, Georgia. (6/13/86) 1/ Chicago Summcorp, Fort Wayne, Indiana — for approval to acquire 100 percent of the voting shares of the successor by merger to Kendallville Bank & Trust Co., Kendallaville, Indiana. 1/ (6/13/86) Dallas MCorp, Dallas, Texas and MCorp Financial, Inc., Wilmington, Delaware, — for approval to acquire 100 percent of the voting stock of MBank Arboretum, Austin, Texas. (6/12/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (5) of the Bank Holding Company A c t of 1956 Approved Philadelphia Guaranty Bancshares Corporation, Shamokin, Pennsylvania — for approval to merge with Nanticoke Financial Services, Inc., Nanticoke, Pennsylvania and indirectly Nanticoke National Bank, Nanticoke, Pennsylvania. 1/ (6/11/86) Kansas City American National Corporation, Omaha, Nebraska — for approval to merge with American Commerce Banshares, Inc., Omaha, Nebraska, thereby acquiring at least 80 percent of the common and preferred shares of Financial Group Humboldt, Inc., Humboldt, Nebraska, and indirectly Home State Bank & Trust Company, Humboldt, Nebraska; Financial Group Elk Creek, Inc., Humboldt, Nebraska and indirectly State Bank of Elk Creek, Elk Creek, Nebraska and Financial Group Dawson, Inc., Humboldt, Nebraska and indirectly The Dawson Bank, Dawson, Nebraska. 1/ (6/10/86) * * * * * To Expand a Bank Holding Company Pursuant To Section 4 ( c ) (8) of the Bank Holding Company A c t of 1956 Approved 1 7 A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d o f G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986, No. 24 -9- A C TIONS OF THE BOARD - Continued New York Citicorp, New York, New York — to acquire through its subsidiary, CitiExchange, Inc., certain assets and to assume certain liabilities of Northeast Exchange Ltd. 1984-1, a Texas limited partnership. (6/12/86) New York National Westminster Bank PLC, London, England, and NatWest Holdings, Inc., New York,- New York — for approval to acquire 100 percent of the voting shares of County Securities Corporation, New York, New York, and thereby engage in securities brokerage and investment advisory activities. (6/13/86) Cleveland AmeriTrust Corporation, Cleveland, Ohio to acquire certain assets of Associates Corporation of North America and its wholly-owned subsidiary, Associates Commercial Corporation. 1/ (6/13/86) Dallas MCorp, Dallas, Texas and MC Financial, Inc., Wilmington, Delaware - for approval to acquire 100 percent of the voting stock of ECOM Systems, Inc., Memphis, Tennessee, engaging in data processing activities. (6/12/86) Dallas MCorp, Dallas, Texas and MCorp Financial, I nc., Wilmington, Delaware — for approval to acquire National Computer Analysts, Inc., Princeton, New Jersey and engage in data processing activities. (6/12/86) San Francisco Zions Utah Bancorporation, Salt Lake City, Utah — for approval to acquire Century Mortgage Company, Salt Lake City, Utah, and to continue to engage in Mortgage banking activities. 1/ (6/13/86) * * * * * Permitted Boston BankEast Corporation, Manchester, New Hampshire — to engage de novo (engaging in full pay-out personal and real property leasing through BankEast Leasing Corp.) The activities would be conducted on a nationwide basis. 3/ (6/14/86) 17 Application processed on behalf of the Board of Governors under delegated authority. 3/ Notification processed by Reserve Bank on behalf of the Board Governors under delegated authority. of H.2, 1986, No. 24 -10- ACTIONS OF THE BOARD - Continued Boston BayBanks, Inc., Boston, Massachusetts — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a consumer finance company) through BayBanks Credit Corp. The activities would be conducted on a nationwide basis. 3/ (6/13/86) New York Financial Institutions, Inc., Warsaw, New York — to engage de novo (selling credit life, disability or involuntary unemployment insurance; engaging in insurance agency activities in a town of less than 5,000 persons) through its subsidiary, Financial Institutions Services, Inc., Warsaw, New York. 3/ (6/10/86) New York Fuji Bank Limited, Tokyo, Japan — to engage de novo (making, acquiring, and/or servicing loans for itself or for others of the type made by a commercial finance company; engaging in full pay-out personal property leasing) through an indirect wholly-owned subsidiary, Heller Capital Resources, Inc., Chicago, Illinois. 3/ (6/11/86) Chicago Fidelity Financial Corporation of Milwaukee, Birmingham, Michigan — to establish a de novo subsidiary, Fidelity Leasing Corporation, Birmingham, Michigan and to engage de novo (engaging in full pay-out real property leasing) 3/ (6/13/86) * * * * * Redemption of Shares Approved Chicago FBOP Corporation, Oak Park, Illinois. (6/9/86) Kansas City American National Corporation, Omaha, Nebraska. 1/ (6/10/86) 1/ Application processed on behalf of the Board of Governors under delegated authority. 3/ Notification processed by Reserve Bank on behalf of the Board Governors under delegated authority. of H.2, 1986, No. -11- 24 ACTIONS OF THE BOARD - Continued * * * * * To Establish a U.S. Branch of an Edge Act Corportion Pursuant to Section 25(a) of the Federal Reserve Act Received New York The Chase Manhattan Bank, N.A., New York, New York Chase Manhattan Overseas Banking Corporation, Chase Manhattan Capital Markets International and Chase Bank International, all located in Newark, Delaware individually request the Board's consent, pursuant to Section 211.4(a)(6) to amend their respective articles of association to reflect a change in the location of their home ofice. 2/ * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Richmond The Commercial Bank, Bel Air, Maryland — to establish a branch in the Notchcliff Retirement Community, 11630 Glen Arm Road, Glen Arm, Maryland. 2/ Richmond Hallmark Bank and Trust Company, Springfield, Virginia — to establish a branch at 4115 Annandale Road, Annandale, Virginia. 2/ * * * * * To Establish a Foreigh Branch Pursuant to Section 9 of the Federal Reserve Act Received San Francisco 27 Security Pacific National Bank, Los Angeles, California — to establish a foreign branch in Taipei, Taiwan. 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank m a y be contacted as to length of the comment period. H.2, 1986, No. 24 -12- ACTIONS OF THE BOARD - Continued To Merge Purusant to Section 18(c) of the Federal Deposit Insurance Act Received Dallas Interim Peoples State Bank, Caldwell, Texas — to merge with Peoples National Bank, Caldwell, Texas. 2/ Dallas Valley-Hi National Bank of San Antonio, San Antonio, Texas — to merge with New Valley-Hi National Bank, San Antonio, Texas. 2/ * * * * * To Form a Bank Holding Company Pursuant to Section 3 ( a ) (1) of the Bank Holding Company Act of 1956 Received New York Progressive Bank, Inc., Pawling, New York for approval to acquire 100 percent of the voting shares of Pawling Savings Bank, Pawling, New York. 2/ Atlanta Citizens Bancorp Investment, Inc., Lafayette, Tennessee — for approval to acquire 100 percent of the voting shares of Citizens Bank, Lafayette, Tennessee. 2/ Atlanta First American Acquisition Co r p . , Nashville, Tennessee — for approval to acquire Tennessee National Bancshares, Inc., Maryville, Tennessee and indirectly acquire First National Bank of Jefferson City, Jefferson City, Tennessee; Merchants and Farmers Bank, Greenback, Tennessee; Bank of Canaan County, Woodbury, Tennessee; Citizens State Bank, McMinnville, Tennessee; and Blount National Bank, Maryville, Tennessee. 2/ Atlanta Peoples Exchange Bancshares, Inc., Beatrice, Alabama — for approval to acquire 80 percent of the voting shares of Peoples Exchange Bank of Monroe County, Beatrice, Alabama. 2/ 2 / Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank m a y be contacted as to length of the comment period. H.2, 1986, No. 24 -13- ACTIONS OF THE BOARD - Continued Chicago Duco Bancshares, Inc., Villa Park, Illinois — for approval to acquire 100 percent of the voting shares of Bank of Villa Park, Villa Park, Illinois. 2/ Chicago St. Joseph Bancorp, Inc., St. Joseph, Illinois — for approval to acquire 100 percent of the voting shares of The State Bank of Saint Joseph, Saint Joseph, Illinois. 2/ Chicago West Suburban Bancorp., Inc., Lombard, Illinois — for approval to acquire 80 percent of the voting shares of West Suburban Bank, Lombard, Illinois; West Suburban Bank of Downers Grove/Lombard, Downers Grove, Illinois; West Suburban Bank of Darien, Darien, Illinois; and West Suburban Bank of Carol Stream/Stratford Squire, Carol Stream, Illinois. 2/ St. Louis Adamsville Tennessee percent of Adamsville, St. Louis Brighton Bancorp, Inc., Brighton, Tennessee — for approval to acquire 100 percent of the voting shares of Brighton Bancshares Corporation, Brighton, Tennessee and indirectly acquire Brighton Bank, Brighton, Tennessee. 2/ St. Louis Martinco Financial C o r p . , Shoals, Indiana — for approval to acquire 100 percent of the voting shares of The Martin County Bank, Shoals, Indiana. 2/ St. Louis SBT Bancshares, Inc., Selmer, Tennessee for approval to acquire 100 percent of the voting shares of Selmer Bank and Trust Company, Selmer, Tennessee. 2/ Minneapolis First Holding Company of Park River, Inc., Park River, North Dakota — for approval to acquire 100 percent of the voting shares of First Bank Park River, N . A . , Park River, North Dakota. 2/ 27 Bancshares, Inc., Adamsville, — for approval to acquire 98 the voting shares of Bank of Adamsville, Tennessee. 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank m ay be contacted as to length of the comment period. H.2, 1986, No. 24 -14- ACTIONS OF THE BOARD - Continued Kansas City Capital National Bancshares, Inc., Oklahoma City, Oklahoma — for approval to acquire 100 percent of the voting shares of Capital National Bank, Oklahoma City, Oklahoma. 2/ Kansas City Security National Corporation, Omaha, Nebraska — for approval to acquire 92.67 percent of the voting shares of Security National Bank of Omaha, Omaha, Nebraska. 2/ Dallas Benson Financial Corporation, San Antonio, Texas — for approval to acquire 100 percent of the voting shares of Commercial National Bank, San Antonio, Texas. 2/ Dallas Fidelity Resources Company, Dallas, Texas for approval to acquire 80 percent of the voting shares of Fidelity National Bank, Dallas, Texas. 2/ Dallas Galenabanc, Inc., Galena Park, Texas — for approval to acquire 100 percent of the voting shares of Galena Park State Bank, Galena Park, Texas. 2/ Dallas Goliad Bancshares, Inc., Goliad, Texas for approval to acquire 100 percent of the voting shares of First National Bank of Golilad, Goliad, Texas. 2/ San Francisco Verde Valley Bancorp, Inc., Cottonwood, Arizona — for approval to acquire 80 percent of the voting shares of The Bank of Verde Valley, Cottonwood, Arizona, a proposed new bank. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (3) of the B a n k Holding Company A c t of 1956 Received Philadelphia 2/ First Pennsylvania Corporation, Philadelphia, Pennsylvania — for approval to acquire First Pennsylvania Bank (Del), Wilmington, Delaware. 2/ A p p l i c a t i o n su b j e c t to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e Bank, m a y b e c o n t a c t e d as to l e ngth of the c o m m e n t period. H.2, 1986, No. 24 -15- ACTIONS OF THE BOARD - Continued Cleveland AmeriTrust Corporation, Cleveland, Ohio for approval to acquire 100 percent o f the voting shares of American National Bancshares, Inc., Noblesville, Indiana and indirectly acquire American National Bank of Noblesville, Noblesville, Indiana. 2/ Cleveland AmeriTrust Corporation, Cleveland, Ohio for approval to acquire 100 percent of the voting shares of Indcorp, Martinsville, Indiana, and indirectly acquire Indiana Bank and Trust Company, Martinsville, Indiana. 2/ Cleveland First National Cincinnati Corporation, Cincinnati, Ohio — for approval to acquire 100 percent of the voting shares of Second National Corporation, Richmond, Indiana and indirectly acquire The Second National Bank of Richmond, Richmond and Bentonville State Bank, Bentonville, both located in Indiana. 2/ Atlanta The Colonial BancGroup, Inc., Montgomery, Alabama — for approval to acquire 100 percent of the voting shares of Bank of Anniston, Anniston, Alabama. 2/ Chicago Central Illinois Community Bancorp, Inc., Peoria, Illinois — for approval to acquire 100 percent of the voting shares of First Tazewell Bancorp, Inc., Peoria, Illinois and indirectly acquire First National Bank in East Peoria, East Peoria, Illinois. 2/ Chicago Central Illinois Community B a ncorp,Inc., Peoria, Illinois — for approval to acquire 97.66 p e r c e n t of the v o t i n g shares of N o r t h w e s t C o m m u n i t y Bank, Peoria, Illinois. 2/ Chicago Tf Michigan National Corporation, Bloomfield Hills, M i c h i g a n — f 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 o f t h e v o t i n g s h a r e s o f I n dependence One Bank, N a t i o n a l Association, R a pid City, South Dakota, a p r o p o s e d n ew bank. 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank m ay be contacted as to length of the comment period. H.2, 1986, No. 24 -16- ACTIONS OF THE BOARD - Continued Chicago P.T.C. Bancorp, Brookville, Indiana — for approval to acquire 100 percent of the voting shares of Arlington Banc Corporation, Arlington, Indiana and indirectly acquire Arlington State Bank, Arlington, Indiana. 2/ St. Louis Smith Associated Banking Corporation, Little Rock, Arkansas — for approval to acquire at least 98 percent of the voting shares of Stephens Security Bank, Stephens, Arkansas. 2/ St. Louis Valley Bancshares, Inc., Valley Park, Missouri — for approval to acquire at least 84 percent of the voting shares of Meramec State Bank, Sullivan, Missouri 2/ Dallas Texas Commerce Bancshares, Inc., Houston, Texas — for approval to acquire 100 percent of the voting shares of Texas Commerce Bank-Richardson, N.A., Richardson, Texas, a proposed new bank. 2/ Dallas Texas Commerce Bancshares, Inc., Houston, Texas — for approval to acquire 100 percent of the voting shares of Texas Commerce Bank-San Antonio Loop 410, San Antonio, Texas, a proposed new bank. 2/ Dallas United Bankers, Inc., Waco, Texas — for approval to acquire 100 percent of the voting shares of First National Bank, Sherman, Texas. 2/ San Francisco Rainier Bancorporation, Seattle, Washington — for approval to acquire 100 percent of the voting shares of Mount Hood Security Bank, Gresham, Oregon. 2/ * * * * * T o E x p a n d a B a n k H o ld in g C om p an y P u r s u a n t t o S e c t i o n 3 ( a ) ( 5 ) o f t h e B a n k H o ld in g C om pany A c t o f 1 9 5 6 R e c e iv e d Richmond 27 James Madison Limited, Washington, D.C. for approval to merge with UNB Bancshares, Incorporated, Washington, D.C., and Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank ma y be contacted as to length of the comment period. H.2, 1986, No. 24 -17- ACTIONS OF THE BOARD - Continued indirectly acquire United National Bank of Washinton, Washington, D.C. 2/ Received * * * * * To Expand a Bank Holding Company Pursuant to Section 4 ( c ) (8) o f the B a n k Holding Company A c t o f 1956 Received Cleveland N.B.W.P., Inc., and Employee Stock Ownership Plan of N.B.W.P., Inc., Berlin, Pennsylvania — to engage de novo (engaging in full pay-out personal and real property leasing) through its subsidiary N.B.W.P. Lease, Inc., Berlin, Pennslyvania. The activities will be conducted through offices located in Somerset and Fayette Counties in Pennsylvania. (6/9/86) Richmond Bank of Virginia Company, Richmond, Virginia — to engage de novo (any insurance agency activity engaged in by a bank holding company or a subsidiary that was approved by the Board prior to January 1, 1971) through its subsidiary, UTB Agency, Inc., Baltimore, Maryland. (6/11/96) Atlanta First American Acquisition Corp., Nashville, Tennessee — for approval to acquire Southeastern Life Insurance Company, Maryville, Tennessee. Chicago BancServe Group, Inc., Rockford, Illinois to engage de novo (selling credit life, disability, or involuntary unemployment insurance) through BancServe Credit Life Insurance Company, Rockford, Illinois. (6/13/86) TT A p p l i c a t i o n su b j e c t to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e B a n k m a y be c o n t a c t e d as to l e n g t h of the c o m m e n t period. H.2, 1986, No. 24 -18- ACTIONS OF THE BOARD - Continued Chicago Hospers Agency Company, Sioux Center, Iowa — to acquire Van Bruggen I n s u r a n c e , I n c ., Sioux Center, Iowa and thereby engage in general insurance activities in a town of less than 5,000 population. St. Louis Mid South Bancshares, Inc., Paragould, Arkansas — for approval to acquire Profit Consultants, Inc., Jonesboro, Arkansas. Minneapolis Otto Bremer Foundation, St. Paul, Minnesota and Bremer Financial Corporation, St. Paul, Minnesota — to acquire First American Trust Company of Minnesota, Marshall, Minnesota and thereby engage in trust activities from offices in Redwood Falls, Granite Falls, Alexandria, B r e c k e n r i d g e , Detroit Lakes and Crookston, all located in the State of Minnesota. Dallas Metroplex North Bancshares, Inc., Plano, Texas — to acquire DataBank Services Corporation, Plano, Texas and thereby engage in providing to others financially related data processing and data transmission services, facilities and data bases or access to them. San Francisco Metro Bancorp, Incorporated, Phoenix, Arizona through its subsidiary, MB Mortgage Company, Phoenix, Arizona — to acquire 100 percent of the voting shares of Mesa Mortgage Company, Phoenix, Arizona and thereby engage in mortgage banking activities. San Francisco Standard Chartered PLC, London, England — to acquire an additional 50 percent, and under certain circumstances, the remainder of the outstanding shares of the common stock of Mocatta Metals Corporation, N ew York, N e w York (Company) and to acquire ownership of voting shares of the following corporations, w h ich are wholly subsidiaries of the Company — Iron Mountain Depository Corporation, Mocatta Trade Corporation and Mocatta Asset Management Corporation. H.2, 1986, No. 24 -19- ACTIONS OF THE BOARD - Continued * * * * * Applications to the Board of Governors of the Federal Reserve System for Prior Approval of an A c q u isition Pursuant to Section 5(b) of the B a n k Service Corporation A c t as Amended Received Chicago Northern Indiana Financial Service Corporation, Marion, Indiana — approval a c q u i r e 100 p e r c e n t o f t h e v o t i n g s h a r e s Grant Life Insurance Company, Phoenix, Arizona. to of
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