View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

AKNOUNC0ENT EOT
BOARD OF GOVERNORS
OF HIE
FHSRAL KESraVE SYSTEM
H.2, 1985 No. 24
Actions of the Board
Applications and Reports Received
Oaring the Wade Biding June 15, 1985
APPUCABEJ3
RESERVE BANK

ACTIONS OF THE BOARD

Federal Reserve Board announced an extension of
the comment period an its proposal regarding
automated clearing house and net settlement
arrangements, from August 15 to September 30,
1985 (Docket R-0515B and R-0515C).
Boston

The Connecticut Bank and Trust Company, National
Association, Hartford, Connecticut, proposed
merger with Citizens Bank and Trust Company of
Glastonbury, Connecticut — report to the
Comptroller of the Currency on competitive
factors. 1/

Boston

Century Bank/Suffolk, Chelsea, Massachusetts,
proposed acquisition of the assets and assumption
of the liability to pay deposits in Social
Services Credit Union, Boston, Massachusetts —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

Philadelphia

Johnstown Bank & Trust Company, Johnstown,
Pennsylvania, proposed acquisition of the assets
and assumption of the liabilities of the Latrobe
Route 30 office and Downtown Latrobe office of
Equibank, Pittsburgh, Pennsylvania — report to
the Federal Deposit Insurance on competitive
factors. 1/

Richmond

First Virginia Bank - Colonial, Richmond, Virginia
— extension of time to February 28, 1986,
within which to establish a branch in the Stony
Point Strapping Center, at Huguenot Road and Stony
Point Road. 1/

T7




A p p lic a tio n p r o c e s s e d o n b e h a l f o f t h e B o a rd o f G o v e rn o rs u n d e r
d e le g a te d a u th o r ity .

H.2, 1985 Mb. 24

- 2 ACTIONS OP THE BCARD - Continued

Atlanta

Evangeline Bancshares, Inc., Ville Platte,
Louisiana — extension of time to September 15,
1985, within which to become a bank holding
company through acquisition of The Evangeline
Rank & Trust Company. 1/

Atlanta

Public Bank Corporation, St. Cloud, Florida —
extension of time to October 10, 1985, within
which to become a bank holding company through
acquisition of Public Bank of St. Cloud. 1/

Atlanta

Bank of Tennessee, Kingsport, Tennessee, proposed
merger with Interim Bank of Tennessee — report
to the Federal Deposit Insurance Corporation on
competitive factors. 1/

Atlanta

Forsyth County Bank, Cunming, Georgia, proposed
merger with Forsyth County Interim Corporation —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

Chicago

Peoples Bank of Bloomington, Bloomington, Illinois
— investment in bank premises. 1/

Chicago

First National Bank in Manitowoc, Manitowoc,
Wisconsin, proposed merger with St. Nazianz State
Bank, Saint Nazianz, Wisconsin, under the
charter and title of First National Bank in
Manitowoc — report to the Comptroller of the
Currency on competitive factors. 1/

Chicago

Mitchell Street State Bank, Milwaukee, Wisconsin,
proposed merger with Broadway Interim Bank, under
the charter and title of Mitchell Street State
Bank — report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

Chicago

Commercial National Bank of Peoria, Peoria,
Illinois, proposed merger with Pioneer Bank of
Peoria, under the charter and title of Commercial
National Bank of Peoria — report to the
Comptroller of the Currency on competitive
factors. 1/

T7




A p p lic a tio n p r o c e s s e d o n b e h a l f o f t h e B o a rd o f G o v e rn o rs u n d e r
d e le g a te d a u t h o r i t y .

H.2, 1985 No. 24

- 3 -

ACTIONS OF THE BOARD - Continued
Chicago

United Savings Bank of Tecumseh, Tecumseh,
Michigan, proposed merger-faith United Bank and
Trust, under the charter of United Savings Bank
of Tecumseh — report to the Federal Deposit
Insurance Corporation on competitive factors. 1/

Chicago

Universal Corporation, Ypsilanti, Michigan —
extension of time to August 31, 1985, within
which to become a bank holding company through
the acquisition of 100 percent of the voting
shares of the successor by merger to The National
Bank of Ypsilanti. 1/

Chicago

First Lake Forest Corporation, Lake Forest,
Illinois — extension of time to September 25,
1985, within which to acquire 100 percent of the
voting shares of the successor by merger to The
First National Bank of Lake Bluff, Illinois. 1/

Chicago

First Lake Forest Corporation, Lake Forest,
Illinois — extension of time to September 25,
1985, within which to acquire 100 percent of the
voting shares of the successor by meroer to Lake
Forest National Bank. 1/ S !>

Chicago

ANB Corporation, Muncie, Indiana — extension of
time to August 15, 1985, within which to beccme a
bank holding ccmpany through the acquisition of
100 percent of the voting shares of the successor
by merger to American National Bank and Trust
Company of Muncie. 1/

Chicago

Farmers Banc, Inc., Tipton, Indiana — extension
of time to August 25, 1985, within which to
become a bank holding company through the
acquisition of 100 percent of the voting shares
of Farmers Loan and Trust Company. 1/

Chicago

5M Bancorp, Inc., Paxton, Illinois — extension of
time to September 11, 1985, within which to
beccme a bank holding company through the
acquisition of 100 percent of the voting shares
of the successor by merger to Farmers-Merchants
National Bank of Paxton. 1/

T7




A p p l i c a t i o n p r o c e s s e d o n b e h a l f o f t h e B o a rd o f G o v e r n o r s u n d e r
d e le g a te d a u th o r ity .

H .2 , 1 9 8 5 N o . 2 4

-

4 -

ACTIONS OF THE BORES) - Continued
Chicago

Home National Corporation, Thomtcwn, Indiana —
extension of time to September 13, 1985, within
which to become a bank holding company through
the acquisition of 100 percent of the voting
shares of the successor by merger to The Hone
National Bank of Thomtcwn. 1/

Chicago

Cromwell Financial Corp, Cromwell, Indiana —
extension of time to September 6, 1985, within
which to become a bank holding company through
the acquisition of 100 percent of the voting
shares of The CrCinwell State Bank. 1/

Chicago

First Washington Bancorp, Inc., Naperville,
Illinois — extension of time to September 11,
1985, within which to become a bank holding
company through the acquisition of 100 percent of
the voting shares (less directors' qualifying
shares) of Washington Bank and Trust Company of
Naperville. 1/

St. Louis

Martinsburg Bancorp, Inc., Martinsburg, Missouri
— extension of time to September 11, 1985,
within which to become a bank holding company
through the acquisition of 100 percent of the
outstanding shares of Martinsburg Bank. 1/

Dallas

Interim State Bank of Kingsville, Kingsville,
Texas, proposed merger width State Bank of
Kingsville — report to the Federal Deposit
Insurance Corporation on competitive factors. 1/

Dallas

Security Bancorp, Inc., San Antonio, Texas —
extension of time to September 16, 1985, within
which to acquire Security Bank East, N.A. 1/

San Francisco

COBank Financial Corporation, San Luis Obispo,
California — extension of time to September 10,
1985, wdthin which to acquire Commerce Bank of
San Luis Obispo, N.A. (in organization). 1/

San Francisco

Wells Fargo & Company, San Francisco, California
— extension of time to June 1, 1986, wdthin
which to divest real estate acquired in
connection wdth Schamberger Farm by a
subsidiary, Wells Fargo Ag Credit. 1/

TJ




A p p l i c a t i o n p r o c e s s e d o n b e h a l f o f t h e B o a rd o f G o v e r n o r s u n d e r
d e le g a te d a u th o r ity .

H.2, 1985 No. 24

- 5 -

ACTIONS OP TOE BOARD - Continued

San Francisco

Zions First National Bank, Salt Lake City, Utah,
proposed acquisition of certain assets and
assumption of the deposit liabilities of
Tracy-Collins Bank and Trust — report to the
Carptroller of the Currency on competitive
factors. 1/

T7 Application p r o c e s s e d




d e le g a te d a u th o r ity .

o n b e h a l f o f t h e B o a rd o f G o v e rn o rs u n d e r

H.2, 1985 No. 24

- 6ACTIONS OF THE BQAED - Continued

Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978

Chicago

Not Disapproved
Bellwood Bancorporation, Inc., Bellwood, Illinois.

Minneapolis

Menno Holding Canpany, Menno, South Dakota. 1/
* * * * *

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act

Philadelphia

Approved
Laurel Bank, Ebensburg, Pennsylvania. 1/
* * * * *

To Merge Pursuant to Section 18(c)
of the Federal Deposit Insurance Act

Philadelphia

Atlanta

Approved
Johnstown Bank & Trust Co., Johnstown,
Pennsylvania — to acquire the assets and assume
the liabilities of the Latrobe Route 30 office
and Downtown Latrobe office of Equibarik,
Pittsburgh, Pennsylvania. 1/
First Georgia Bank, Atlanta, Georgia — to merge
with First Georgia Bank Cobb County, Marietta,
Georgia, and Commercial & Exchange Bank, Bremen,
Georgia. 1/
* * * * *

T7




A p p lic a tio n p r o c e s s e d o n b e h a l f o f t h e B o a rd o f G o v e rn o rs u n d e r
d e le g a te d a u th o r ity .

H.2, 1985 No. 24

- 7 -

ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act

Chicago

Approved
McHenry State Bank, McHenry, Illinois — to
establish a branch at Church Street and Wilmot
Road, Johnsburg, Illinois. 1/

Chicago

Ccmerica Bank - Detroit, Michigan — to establish
an offsite electronic facility at Auburn Hills
Operation Center, 3701 Hamlin Road, Auburn Hills,
Michigan. 1/

Chicago

Wyandotte Savings Bank, Wyandotte, Michigan — to
establish an offsite electronic facility at 8999
Macomb, Grosse lie, Michigan. 1/
* * * * *

Applications and Notifications far International
Investments and Other Action Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4 (c) (9), 4 (c) (13), and
4(c) (14) of the Bank Holding Ccnpany Act of 1956, as amended

Approved
New York

Chemco International, Inc., New York, New York —
grants consent to make an additional investment
in Chemco Leasing S.p.A., Milan, Italy.

Sixty-Day Notification Period Allowed to Expire
New York

Citibank Overseas Investment Corporation,
Wilmington, Delaware — no objection to invest in
its wholly-owned subsidiary, Citicorp Services
Limited, Auckland, New Zealand, which will then
establish Citicorp Holdings Limited, Auckland,
New Zealand which, in turn, will acquire all of
the shares of Citicorp New Zealand Limited,
Auckland, New Zealand.
* * * * *

T7




Application processed on behalf of the Board of Governors under
delegated authority.

H.2, 1985 No. 24

- 8 ACTIONS OF THE BOARD - Continued

Tb Farm a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Cenpany Act of 1956

Returned
Atlanta

Peoples Exchange
Alabama — for
percent of the
Bank of Monroe

Atlanta

Ccnmerce Corporation, St. Francisville, Louisiana
— for approval to acquire 100 percent of the
voting shares of Feliciana Ccnmerce Corporation,
St. Francisville, Louisiana and indirectly Bank
of Ccnmerce & Trust Ccmpany, St. Francisville,
Louisiana.

Atlanta

U S Bancshares, Morristown, Tennessee, for
approval to acquire 80 percent of the voting
shares of United Southern Bank of Morristown,
Morristown, Tennessee.

Chicago

American Bancorp, Inc., Suring, Wisconsin — for
approval to acquire 100 percent of the voting
shares of the successor by merger to The Suring
State Bank, Suring, Wisconsin and The First
National Bank of Oconto, Oconto, Wisconsin, to be
knewn as American Bank of Wisconsin, Oconto,
Wisconsin and to acquire 94.13 percent of The
First National Financial Corporation, Marinette,
Wisconsin and indirectly acquire The First
National Bank of Marinette, Marinette, Wisconsin.

Chicago

Badger Bank Services, Inc., Cassville, Wisconsin
— for approval to acquire at least 95 percent of
the voting shares of Badger State Bank,
Cassville, Wisconsin.

Chicago

Royce Bancorporation, Inc., Omaha, Nebraska — for
approval to acquire at least 96 percent of the
voting shares of The First National Bank of
Fonda, Fonda, Iowa.

Dallas

USA Bancshares, Inc., Dallas, Texas — for
approval to acquire 100 percent of the voting
shares of Plano East National Bank, Plano, Texas;
to acquire 100 percent of Anna Bancshares, Inc.,
Anna, Texas and indirectly acquire First National

T7




Bancshares, Inc., Beatrice,
approval to acquire at least 80.46
voting shares of Peeples Exchange
County, Beatrice, Alabama.

Application processed on behalf of the Board of Governors under
delegated authority.

H.2, 1985 No. 24

- 9 -

ACTIONS OF THE BOARD - Continued
Bank of Anna, Anna, Texas? Hcwe Financial
Corporation, Hcwe, Texas and indirectly acquire
Howe State Bank, Hcwe, Texas.

San Francisco

Banco de Credito del Peru, Lima, Peru? Bethel
Investments Inc., Panama City, Panama? Credito
del Peru Holding Corporation, Georgetown, Cayman
Island, British West Indies? and CDP Holding
(Delaware), Inc., Wilmington, Delaware — for
approval to acquire 100 percent of the voting
shares of Valencia Bank, Santa Ana, California.

San Francisco

First Commerce Bancorp, Inc., Phoenix, Arizona —
for approval to acquire at least 80 percent of
the voting shares of First National Commerce
Bank, Phoenix, Arizona, a proposed new bank.

Sail Francisco

Republic National Bancorp, Inc., Phoenix, Arizona
— for approval to acquire 100 percent of the
voting shares of Republic National Bank, Phoenix,
Arizona, a proposed new bank.

Atlanta

Citizens Corporation, Manchester, Tennessee — for
approval to acquire at least 80 percent of the
voting shares of Citizens Bank, Smithville,
Tennessee. 1/

Atlanta

City Banc Corporation, Childersburg, Alabama —
for approval to acquire 80 percent of the voting
shares of City Bank of Childersburg,
Childersburg, Alabama. 1/

Atlanta

First Bankshares of St. Martin, Ltd., St.
Martinville, Louisiana — for approval to acquire
80 percent of the voting shares of Bank of St.
Martin, St. Martinville, Louisiana. 1/

Chicago

DuPage Financial Corporation, Lake Forest,
Illinois — for approval to acquire 100 percent
of the voting shares of Washington Bank and Trust
Ccnpany of Naperville, Naperville, Illinois. 1/

Approved

T7




Application processed on behalf of the Board of Governors under
delegated authority.

H.2, 1985 No. 24

- 10 -

ACTIONS OF THE BQABD - Continued
St. Louis

Salem Community Bancorp, Inc., Salem, Illinois —
for approval to acquire at least 80 percent of
the voting shares of Comnunity State Bank, Salem,
Illinois. 1/

Minneapolis

The Adino Company, Onida, South Dakota — for
approval to acquire at least 98.9 percent of the
voting shares of The Onida Bank, Onida, South
Dakota. 1/

Minneapolis

Belle Plaine BanCorporation, Inc., Belle Plaine,
Minnesota — for approval to acquire 100 percent
of the voting shares of State Bank of Belle
Plaine, Belle Plaine, Minnesota. 1/

Kansas City

Edna Bancshares, Inc., Edna, Kansas — for
approval to acquire 100 percent of the voting
shares of First State Bank of Edna, Edna, Kansas.
1/
* * * * *

Tb Expand a Bank Holding Ccnpany Pursuant to Section
3(a) (3) of the Bank Holding Ocnpany Act of 1956
Withdrawn
San Francisco

Atlanta

Chicago

T7




Bank-America Corporation, San Francisco,
California — for approval to acquire Bank of
America-South Dakota, Rapid City, South Dakota.
Returned
Great American Corporation, Baton Rouge, Louisiana
.— for approval to acquire 100 percent of the
voting shares or assets of State Bank & Trust
Company of Golden Meadow, Golden Meadow,
Louisiana.
Hawkeye Bancorporation, Des Moines, Iowa — for
approval to acquire 100 percent of the voting
shares of United Central Bancshares, Des Moines,
Iowa and indirectly United Central Bank of Des
Moines, N.A.,; United Centred Bank & Trust
Company of Algona, Algona; United Central Bank of

Application processed on behalf of the Board of Governors under
delegated authority.

H.2, 1985 No. 24

- 11 ACTIONS OF THE BOARD - Continued
Cresco, N.A., Cresco; United Central Bank & Trust
Company of Estherville, Estherville; United
Central Bank & Trust Company of Fort Dodge, Fort
Dodge; United Central Bank & Trust Company of
Greenfield, Greenfield; United Central Bank &
Trust Company of Kalona, Kalona; United Central
Bank & Trust Company of Marengo, Marengo; United
Central Bank & Trust Company of Mason City, Mason
City, United Bank & Trust Company of Sigourney,
Sigourney; United Central Bank & Trust Company of
Sioux City, Sioux City; United Central Bank of
Spencer, N.A., Spencer; Plaza State Bank
Urbandale, Iowa.

Chicago

Royce Corporation, Council Bluffs, Iowa — for
approval to acquire at least 96 percent of the
voting shares of The First National Bank of
Fonda, Fonda, Iowa.

Kansas City

Independent Community Financial Corp., Dallas,
Texas — for approval to acquire at least 51
percent of the voting shares of Coppell Financial
Corporation, Dallas, Texas and indirectly Coppell
Bank, N.A., Coppell, Texas.

Chicago

Charter 17 Bancorp, Inc., Richmond, Indiana — for
approval to acquire at least 24.9 percent of the
voting shares of Northwest National Bank,
Rensselaer, Indiana. 1/

Chicago

Marshall & Ilsley Corporation, Milwaukee,
Wisconsin — for approval to acquire 100 percent
of the voting shares of Bay View State Bank,
Milwaukee, Wisconsin. 1/

Chicago

Rcmy Hairmes, Inc., South Bend, Indiana — for
approval to acquire up to 32.0 percent of the
voting shares of Peoples Bank Marycrest,
Kankakee, Illinois. 1/

St. Louis

Shawneetcwn Bancorp, Inc., Shawneetcwn, Illinois
— for approved to acquire 100 percent of the
voting shares of Saline County State Bank,
Stonefort, Illinois. 1/

Approved

T7




Application processed on behalf of the Board of Governors under
delegated authority.

H.2, 1985 No. 24

-

12 -

ACTrase GF TOE BOARD - Continued
Kansas City

First Wyoming Baneorporation, Cheyenne, Wyoming —
for approval to acquire 100 percent of the voting
shares of First Wyoming Bank, National
Association - Riverton, Riverton, Wyoming. 1/

Kansas City

Fourth Financial Corporation, Wichita, Kansas —
for approval to acquire 100 percent of the voting
shares of M-L Bancshares, Inc., Wichita, Kansas
and indirectly The Kansas State Bank, Newton,
Kansas; Pittsburg Bancshares, Inc., Pittsburg,
Kansas and indirectly The National Bank of
Pittsburg, Pittsburg, Kansas; Coffeyville
Bancshares, Inc., Coffeyville, Kansas, and
indirectly The First National Bank of
Coffeyville, Coffeyville, Kansas; Salina
Bancshares, Inc., Salina, Kansas, and indirectly
The Planters Bank and Trust Company, Salina,
Kansas; and Olathe Bancshares, Inc., Olathe,
Kansas, and indirectly Patrons State Bank & Trust
Co., Olathe, Kansas. 1/

Kansas City

Peeples State Bankshares, Inc., Rossville, Kansas
— for approval to acquire at least 80 percent of
the voting shares of Citizens State Baric, Osage
City, Kansas. 1/
* * * * *

TO Expand a Bank Holding Company Pursuant to Section
3 (a) (5) of the Bank Holding Ooipany Act of 1956

Approved
Atlanta

Hibernia Corporation, New Orleans, Louisiana —
for approval to merge with Guaranty Commerce
Corporation, Alexandria, Louisiana and indirectly
Guaranty Bank & Trust Company of Alexandria,
Louisiana, Alexandria, Louisiana. 1/
* * * * *

17




Application processed on behalf of the Board of Governors under
delegated authority.

H.2, 1985 No. 24

- 13 ACTIONS OF THE BOARD - Continued

To Expand a Bank Holding Ccnpany Pursuant to Section
4 (c) (8) of the Bank Holding Company Act of 1956

Chicago

Returned
East Troy Bancshares, Inc., East Troy, Wisconsin
— to engage in discount securities brokerage
activities including certain securities credit
and incidental activities through the acquisition
of Wisconsin Discount Securities Corporation,
Milwaukee, Wisconsin.

Chicago

Hawkeye Bancorporation, Des Moines, Icwa — for
approval to acquire UCB Leasing Corporation, Des
Moines, Icwa and UCB Systems, Inc., Des Moines,
Icwa.

Chicago

J. E. Coonley Company, Dcwes, Iowa — to engage de
novo (providing to others financially related
data processing and data transmission services,
facilities, and data bases; or access to them)
these activities would be performed in and
limited to a lease transaction between the
applicant and Sheffield Savings Banks, Sheffield,
Iowa. (6/11/85)

St. Louis

First United Bancshares, Inc., El Dorado, Arkansas
— to engage de novo (discount securities
brokerage activities including certain securities
credit and incidental activities; underwriting
and dealing in obligations of the United States,
general obligations of states and political
subdivisions, and other obligations in which
state member banks are authorized to underwrite
and deal; and acting as a futures ccranission
merchant on major ccnmodity exchanges with
respect to futures contracts on bullion, foreign
exchange, government securities, certificates of
deposit, and certain other money market
instruments) as co-venturer with Bowman and
Company, Little Rock, Arkansas.




H.2, 1985 No. 24

- 14 -

ACTIONS OF THE BOARD - Continued

New York

Permitted
J. P. Morgan & Co., Incorporated, New York, New
York — to engage de novo (in underwriting and
dealing in obligations of the United States,
general obligations of states and political
subdivisions, and other obligations in which
state member banks are authorized to underwrite
and deal) through J.P. Morgan Securities Inc.,
and J.P. Morgan Municipal Finance Inc. (6/15/85)
3/

Philadelphia

National Penn Bancshares, Inc., Boyertown,
Pennsylvania — to engage de novo (making,
acquiring, and/or servicing loans for itself or
for others of the type made by a mortgage
company) through Penn Mortgage Company,
Boyertown, Pennsylvania (6/15/85) 3/

Richmond

Bank of Virginia Company, Richmond, Virginia — to
engage de novo (in any insurance activity engaged
in by a bank holding company or a subsidiary that
was approved by the Board prior to January 1,
1971) the activities would be conducted
throughout the State of Virginia, through Bank of
Virginia Insurance Agency, Inc., Richmond,
Virginia (6/11/85) 3/

Dallas

United City Corporation, Plano, Texas — to engage
de novo (making, acquiring, and/or servicing
loans for itself or for others of the type made
by a commercial finance company) the geographic
scope will be limited to participations from
Texas and Texas contiguous states (6/12/85) 3/

San Francisco

37



Pacific Capital Bancorp, Monterey, California —
to engage de novo (making, acquiring, and/or
servicing loans for itself or for others of the
type made by a mortgage company) through Pacific
Capital Services Corporation, Monterey,
California (6/15/85) 3/

Notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.

H.2, 1985 No. 24

- 15 -

ACTIONS OF THE BOARD - Continued
* * * * *

Redemption of Shares

Minneapolis

T7




Approved
Menno Holding Company, Menno, South Dakota. 1/

Application processed on behalf of the Board of Governors under
delegated authority.

H.2, 1985 No. 24

-

16 -

APPIJEMTCNS RBCEIVH)
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
New York

United Jersey Bank, Hackensack, New Jersey — to
establish a branch at Galaxy Tcwers Shopping
Mall, 7000 J. F. K. Boulevard East, Guttenberg,
New Jersey. 2/

Philadelphia

Princeton Bank, Princeton, New Jersey — to
establish a branch at State Highway #38 and East
Gate Drive, Moorestcwn, New Jersey. 2/

Cleveland

The Killbuck Savings Bank Company, Killbuck, Ohio
— to establish a branch office in Millersburg,
Ohio. 2/

Atlanta

Sun Bank Of Ocala, Ocala, Florida — to establish
a branch located at 9797 N.E. Jacksonville Road,
Anthony, Florida. 2/

Dallas

McFarland Bros. Bank, Logan, New Mexico — to
establish a branch office, at 614 S. Second,
Tucumcari, New Mexico. 2/
* * * * *

Applications and Notifications far International
Investments and Other Action Rxrsuant to Sections 25 and 25 (a)
of the Ftederal Reserve Act and Sections 4 (c) (9) , 4 (c) (13) , and
4(c) (14) of the Bank Holding Ocnpany Act of 1956, as amended
Boston

State Street Boston Corporation, Boston,
Massachusetts — requests consent to make an
additional investment in the preferred stock of
its subsidiary, State Street Trade Development
Co,, Inc., Cambridge, Massachusetts.
* * * * *

27




Application subject to Ccmnunity Reinvestment Act. The
Ccmnunity Affairs Officer of the applicable Reserve Bank may be
contacted as to the length of the ccrment period.

H.2, 1985 No. 24

- 17 -

APPIJCfiTIONS RECEIVED - Continued
To Form a Bank Holding Gcmpany Pursuant to Section
3 (a) (1) of the Bank Holding Ccnpany Act of 1956
New York

Peconic Bancshares, Inc., Riverhead, New York —
for approval to acquire 100 percent of the voting
shares of Peconic Bank, Riverhead, New York. 2/

Atlanta

First National Talladega Corporation, Talladega,
Alabama — for approval to acquire at least 80
percent of the voting shares of The First
National Bank of Talladega, Talladega, Alabama.
2/

Atlanta

Grand Bancorp, Grand Bay, Alabama — for approval
to acquire 100 percent of the voting shares of
Mobile County Bank, Grand Bay, Alabama, a
proposed new bank. 2/

Atlanta

Ocean Bankshares, Inc., Miami, Florida — for
approval to acquire 100 percent of the voting
shares of Ocean Bank of Miami, Miami, Florida. 2/

Atlanta

Sequatchie County Bancorp, Inc., Dunlap, Tennessee
— for approval to acquire 100 percent of the
voting shares of Sequatchie County Bank, Dunlap,
Tennessee. 2/

Chicago

Citizens Trust Bancorp, Inc., Ann Arbor, Michigan
— for approval to acquire 100 percent of the
voting shares of the successor by merger to
Citizens Trust, Ann Arbor, Michigan, and Michigan
Bank— Midwest, Jackson, Michigan. 2/

Chicago

Horizon Bancorp Employee Stock Ownership Plan,
Michigan City, Indiana — for approval to acquire
30.95 percent of the voting shares of Horizon
Bancorp, Michigan City, Indiana; and indirectly
100 percent of the voting shares of The First
Merchants National Bank of Michigan City,
Michigan City, Indiana. 2/

Chicago

Sand Ridge Financial Corp., Highland, Indiana —
for approval to acquire 100 percent of the voting
shares of Bank of Highland, Highland, Indiana. 2/

St. Louis

McKenzie Holding Company, McKenzie, Tennessee —
for approval to acquire 100 percent of the voting

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, 1985 No. 24

- 18 -

APPLICATIONS RECEIVED - Continued
shares of McKenzie Banking Company, McKenzie,
Tennessee. 2/
St. Louis

Security Bancorp of Tennessee, Inc., Halls,
Tennessee — for approval to acquire 100 percent
of the voting shares of Bank of Halls, Halls,
Tennessee; Security State Bank, Newbem,
Tennessee; and Gates Banking and Trust Company,
Gates, Tennessee. 2/

Minneapolis

Wanamingo Bancshares, Inc., Wanamingo, Minnesota
— for approval to acquire 100 percent of the
voting shares of Security State Bank of
Wanamingo, Inc., Wanamingo, Minnesota. 2/

Kansas City

Edna Bancshares, Inc., Edna, Kansas — for
approval to acquire 100 percent of the voting
shares of First State Bank of Edna, Edna, Kansas.
2/

Dallas

CapitalBank Corporation, San Antonio, Texas — for
approval to acquire 100 percent of the voting
shares of Union Bank, San Antonio, Texas. 2/

Dallas

Carlsbad Bancorporation, Inc., Carlsbad, New
Mexico — for approval to acquire 100 percent of
the voting shares of The Carlsbad National Bank,
Carlsbad, New Mexico. 2/

Dallas

Kingsville State Bancshares, Inc., Kingsville,
Texas — for approval to acquire 100 percent of
the voting shares of State Bank of Kingsville,
Kingsville, Texas. 2/

Dallas

Laredo Bankcorp, Inc., Zapata, Texas — for
approval to acquire 100 percent of the voting
shares of Falcon National Bank, Laredo, Texas, a
proposed new bank. 2/

Dallas

Western Bancshares of Clovis, Inc., Clovis, New
Mexico — for approval to acquire at least 80
percent of the voting shares of Western Bank of
Clovis, Clovis, New Mexico. 2/

San Francisco

Salt Lake Holding Corp., Salt Lake City, Utah —
for approval to acquire 100 percent of the voting
shares of Sand State Bank, Sandy, Utah. 2/

27




Application subject to Ccmnunity Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank may be
contacted as to the length of the caiment period.

H.2, 1985 No. 24

- .19A P P L ia v n O N S

RECEIVED - Continued

Tb Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Boston

Hartford National Corporation, Hartford,
Connecticut — for approval to acquire 100
percent of the voting shares of 'The Seymour Trust
Company, Seymour, Connecticut. 2/

New York

Bankers Trust New York Corporation, New York, New
York — for approval to acquire 100 percent of
the voting shares of Bankers Trust (Delaware),
Wilmington, Delaware, a proposed new bank. 2/

Atlanta

Seacoast Banking Corporation of Florida, Stuart,
Florida — for approval to acquire 100 percent of
the voting shares of First National Bank and
Trust Company/St. Lucie, Port St. Lucie, Florida,
a proposed new bank. 2/

Chicago

Mt. Zion Bancorp, Inc., Mount Zion, Illinois —
for approval to acquire 70.40 percent of the
voting shares of First National Bank Mt. Zion,
Mount Zion, Illinois. 2/

Kansas City

Colorado Springs Banking Corporation, Colorado
Springs, Colorado — for approval to acquire
35.40 percent of the voting shares of Pueblo
Bancorporation, Pueblo, Colorado, and indirectly
acquire Pueblo Bank and Trust Company, Pueblo,
Colorado. 2/

Kansas City

First Wyoming Bancorporation, Cheyenne, Wyoming —
for approval to acquire 100 percent of the voting
shares of First Wyoming Bank, National
Association — Riverton, Riverton, Wyoming. 2/

Kansas City

Missouri Banc-Management, Inc., Kansas City,
Missouri — for approval to acquire 91 percent of
the voting shares of Union National Bank, Kansas
City, Kansas. 2/

Kansas City

Pembroke Bancshares, Inc., Kansas City, Missouri
— for approval to acquire 100 percent of the
voting shares of Missouri Banc-Management, Inc.,
Kansas City, Missouri and indirectly Stadium
Bank, Kansas City, Missouri. 2/

2/




Application subject to Ccmnunity Reinvestment Act.

The

C o m m u n ity A f f a i r s O f f i c e r o f t h e a p p l i c a b l e R e s e r v e B an k m ay b e
c o n t a c t e d a s t o t h e l e n g t h o f t h e com m ent p e r i o d .

H.2, 1985 No. 24

-20 -

APPLICATIONS RECEIVED - Continued
Kansas City

York State Company, York, Nebraska — for approval
to acquire 100 percent of the voting shares of
The Gresham Company, Gresham, Nebraska and
indirectly Gresham State Bank, Gresham, Nebraska.
2/

Dallas

MCorp Financial, Inc., Wilmington, Delaware — for
approval to acquire additional preferred shares
and warrants equal to 24.9 percent of the voting
shares and 4.9 percent of the cannon shares of
United Bank, N.A., Midland, Texas.

Dallas

Zapata Bancshares, Inc., Zapata, Texas — for
approval to acquire at least 80 percent of the
voting shares of Laredo Bankcorp, Inc., Zapata,
Texas and indirectly Falcon National Bank,
Laredo, Texas and at least 51 percent of the
voting shares of The First National Bank of
Mercedes, Mercedes, Texas. 2/
* * * * *

To Expand a Bank Holding Ccnpany Pursuant to Section
4 (c) (8) of the Bank Holding Ccnpany Act of 1956
Cleveland

First Bancorporation of Chio, Akron, Ohio — to
engage de novo (in underwriting credit life and
disability insurance on consumer loans) through
its subsidiary FBOH Credit Life Insurance
Company, Phoenix, Arizona. (6/14/85)

Cleveland

PNC Financial Corp, Pittsburgh, Pennsylvania — to
acquire a trust company to be formed under New
York law.

Richmond

Anchor Financial Corporation, Myrtle Beach, South
Carolina — to engage de novo (providing to
others financially related data processing and
data transmission services, facilities, and data
bases; or access to them; providing related
courier services; and providing management
consulting services to depository institutions)
through its subsidiary, Anchor Automated
Services, Inc., Myrtle Beach, South Carolina.
The activities would be conducted nationwide.
(6/14/85)

27




Application subject to Cenraunity Reinvestment Act. The
Ccranunity Affairs Officer of the applicable Reserve Bank may be
contacted as to the length of the comment period.

H.2, 1985 No. 24

- 21 -

APPLICATIONS RECEIVED - Continued
Atlanta

First National Bancshares of Louisiana, Inc.,
Alexandria, Louisiana — to engage de novo (in
making, acquiring, and/or servicing loans for
itself or for others of the type made by a
mortgage company) through its subsidiary,
Security First Sheltemet, Inc., Alexandria,
Louisiana. (6/13/85)

Atlanta

First Railroad & Banking Company of Georgia,
Augusta, Georgia — to acquire Decimus Data
Services Corporation, located in the following
cities; Chicago, Illinois; Piscataway, New
Jersey; Nashville, Tennessee; Knoxville,
Tennessee; Pittsburgh, Pennsylvania; Boston,
Massachusetts; and Columbia, South Carolina.

Atlanta

National Commerce Corporation, Birmingham, Alabama
— to engage de novo (in making, acquiring,
and/or servicing loans for itself or for others
of the type made by a caimercial finance company)
the activities would be conducted in the State of
Alabama. (6/14/85)

Atlanta

National Commerce Corporation, Birmingham, Alabama
— to engage in the business of continuing to
hold a promissory note of Simsoo, Inc.

Chicago

Northwest Suburban Bancorp, Inc., Mt. Prospect,
Illinois — to engage de novo (in making,
acquiring, and/or servicing loans for itself or
for others of the type made by a sales finance
company; engaging in full pay-out personal and
real property leasing) through its subsidiary NSB
Finance, Inc., Mt. Prospect, Illinois. (6/10/85)

Kansas City

Kaw Valley Bancshares, Inc., Kansas City, Kansas
— to engage de novo (in insurance agency
activities if the bank holding company has $50
million or less in total consolidated assets)
through its subsidiary, Strawberry Hill Insurance
Agency, Inc., Kansas City, Kansas. (6/10/85)

Dallas

New Ulm Financial Corporation, New Ulm, Texas —
to engage de novo (in providing to others
financially related data processing and data
transmission services, facilities, and data
leases; or access to them) through its
subsidiary, New Ulm Service Corporation, New Ulm,
Texas. (6/14/85)




H.2, 1985 No. 24

- 22 APPLICATIONS RECEIVED - Continued

Dallas

Sabine Bancshares, Inc., Many, Louisiana — to
engage de novo (engaging in full pay-out personal
and real property leasing) through its
subsidiary, Sabine Leasing, Inc., Many,
Louisiana. (6/10/85)

San Francisco

Lloyds Bank, PLC, London, England — to engage de
novo (in making, acquiring, and/or servicing
loans for itself or for others of the type made
by a ocnmercial finance company) the geographic
area to be served is the United States. (6/10/85)

San Francisco

Mission Valley Bancorp, Pleasanton, California —
to engage de novo (engaging in full pay-out
personal and real property leasing). (6/10/85)

San Francisco

Mission Valley Bancorp, Pleasanton, California —
to engage de novo (in making, acquiring, and/or
servicing loans for itself or for others of the
type made by a mortgage company). (6/10/85)

San Francisco

Security Pacific Corporation, Los Angeles,
California — for approval to engage in data
processing and data transmission activities
through the formation of a joint venture by the
sale of 50 percent of the voting shares of
Security Pacific/Marketing Information, Inc. to
Market Information, Inc.

San Francisco

Valley Utah Bancorporation, Salt Lake City, Utah
— to engage de novo (selling credit life,
disability, or involuntary unemployment
insurance; underwriting credit life insurance on
consumer loans) these activities are to be
conducted throughout the State of Utah. (6/12/85)

San Francisco

Ventura County National Bancorp, Oxnard,
California — to engage de novo (in providing to
others financially related data processing and
data transmission services, facilities, and data
bases; or access to them) through its subsidiary
Ventura County Management Services Co., Inc.
(6/14/85)




* * * * *

H.2, 1985 No. 24




23"

APPLICATICNS RECEIVED - Continued
REPORTS RBCEIVED
None.
* * * * *

PETTTKWS FOR BDI0RK1NG
None.