The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
»■ » ANNOUNCEMENT . 1 \®3® "' H.2, 1996 , No. 24 J®*" c^A^i-dns of the Board, its Staff, arid BOARD OF GOVERNORS FFD£^Vfe^KH° the *’ Federal Reserve Banks;^•n mtrr» ' OF THE FEDERAL RESERVE SYSTEM G? WW Atp p licatio n s and Reports Received During the Week Ending June 16 , 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Budgets and expenses — statements by Governor Angell on budgets of the Federal Reserve Banks for 1990; and by Governor Kelley on the Board’s budget before the Subcommittee on Domestic Monetary Policy of the House Committee on Banking, Finance and Urban Affairs, June 14, 1990. Authorized, June 12, 1990. ADVISORY COUNCILS Consumer Advisory Council. Announced, June 15, 1990. BANK HOLDING COMPANIES Chase Manhattan Corporation, New York, New York — to engage in private placement and riskless principal activities through Chase Securities, Inc. Approved, June 11, 1990. Chemical Banking Corporation, New York, New York — to engage de novo in soliciting, executing, and clearing certain futures contracts and options on futures contracts and providing investment advice thereon through Chemical Futures, Inc.; and to provide investment advice on these contracts through Chemical Futures Management, Inc. Permitted, June 11, 1990. Chemical Banking Corporation, New York, New York — to engage in private placement, full service brokerage, and riskless principal activities through Chemical Securities, Inc. Approved, June 11, 1990. Citicorp, New York, New York — to engage in private placement and riskless principal activities through Citicorp Securities Markets, Inc.; and to engage in investment advisory and brokerage services, financial and transaction advice, and foreign exchange advisory and transactional services through Newbridge Securities, Inc., and Citicorp Securities Markets, Inc. Approved, June 11, 1990. H 2 JUNE 11, 1990 PAGE 2 TO JUNE 16, 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS Citicorn. New York, New York -- to engage de novo worldwide in executing and clearing futures contracts on the Tokyo International Financial Futures Exchange and providing futures advisory services through Citic^xp Futures Corporation. Permitted, June 11, 1990. Manufacturers Hanover Corporation, New York, New York — to engage in private placement, riskless principal, and full service brokerage activities through Manufacturers Hanover Securities Corporation. Approved, June 11, 1990. Muskingum Valley Bancshares, Inc., Beverly, Ohio — to acquire The Bartlett Farmers Bank, Bartlett, Ohio. Approved, June 11, 1990. REGULATIONS AND POLICIES Bank holding company investment advisory activities — revision of an interpretive rule. Proposed, June 15, 1990. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES. DOMESTIC Dallas Bank of Livingston, Livingston, Texas — to establish a branch at the southwest corner of Highway 190 and FM 3186, Onalaska, Texas. Approved, June 13, 1990. Secretary Central Bank of the South, Birmingham, Alabama — establish a branch at 28000 U.S. Highway 98, Daphne, Alabama. Approved, June 15, 1990. to H.2 JUNE 11, 1990 PAGE 3 TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY SANK BRANCHES, DOMESTIC New York Chemical Bank, New York, New York — to establish branches at 395 North Service Road, Melville; at the IBM Corporation, Route 9W, Palisades; and at Montefiore Medical Center 111 E. 210th Street, Bronx, New York. Approved, June 14, 1990. Cleveland Farmers Citizens Bank, Bucyrus, Ohio a branch at 1605 Marion Road. Approved, June 11, 1990. Cleveland Fifth Third Bank, Columbus, Ohio — branch at 7740 Sawmill Road. Approved, June 11, 1990. Cleveland Fifth Third Bank, Columbus, Ohio — to establish a branch at Pinecrest Center, Cleveland Avenue. Approved, June 11, 1990. Atlanta SouthTrust Bank of Atlanta, Roswell, Georgia — establish a branch at 900 Mansell Road. Approved, June 14, 1990. to establish to establish a to BANK HOLDING COMPANIES Staff Director BS&R Baltimore Bancorp, Baltimore, Maryland — proposal that The Bank of Baltimore merge with Municipal Savings Bank, F.S.B., Towson, Maryland. Approved, June 15, 1990. Dallas Bancshares of Ysleta, Inc., El Paso, Texas — acquire Bank of Ysleta. Returned, June 15, 1990. Staff Director BS&R Brenton Banks, Inc., Des Moines, Iowa — proposal that Brenton Bank of Palo Alto County, Emmetsburg, Iowa, purchase the assets and assume the liabilities of Palo Alto County State Savings and Loan Association. Approved, June 15, 1990. to H.2 JUNE 11, 1990 PAGE 4 TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Staff Director BS&R Citizens Financial Corporation, Belzoni, Mississippi — proposal that Citizens Bank and Trust Company, Belzoni, Mississippi purchase the assets and assume the liabilities of Citizens Bank for Savings, F.S.B., Yazoo City, Mississippi. Approved, June 15, 1990. S t . Louis Citizens Financial Corporation, Belzoni, Mississippi — to acquire Citizens Bank for Savings, FSB, Yazoo City, Mississippi. Permitted, June 15, 1990. Philadelphia Commonwealth Bancshares Corporation, Williamsport, Pennsylvania — to acquire The First Bank of Greater Pittson, Pittson, Pennsylvania. Approved, June 13, 1990. Philadelphia Community Financial Bancorp, Inc., Philadelphia, Pennsylvania — to acquire Chestnut Hill National Bank. Approved, June 13, 1990. Minneapolis Dassel Investment Company, Minneapolis, Minnesota — to acquire Hutchinson Bancorp, Inc. Approved, June 13, 1990. Minneapolis First Bank System, Inc. — to merge with Northern Cities Bancorporation, Inc., Anoka, Minnesota. Returned, June 14, 1990. Richmond Key Centurion Bancshares, Inc., Charleston, West Virginia — to acquire The Farmers and Citizens State Bank, Clendenin, West Virginia. Approved, June 15, 1990. Staff Director BS&R Merchants Capital Corporation, Vicksburg, Mississippi — proposal that Merchants National Bank purchase the assets and assume the liabilities of Merchants Bank for Savings, F.S.B. Approved, June 15, 1990. H.2 JUNE 11, 1990 PAGE 5 TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta NBN Corporation, Newport, Tennessee — to acquire First Peoples Bancorp, Inc., Jefferson City, Tennessee, and First Peoples Bank of Jefferson County. Approved, June 15, 1990. Staff Director BS&R Newton County Bancorporation, Inc., Newton, Mississippi — proposal that Newton County Bank purchase the assets and assume the liabilities of Newton County Bank for Savings, F.S.B. Approved, June 15, 1990. Atlanta Newton County Bancorporation, Inc., Newton, Mississippi — to establish Newton County Bank For Savings, FSB. Approved, June 15, 1990. Chicago NX Bancshares Corporation, Sycamore, Illinois — acquire The National Bank & Trust Company of Sycamore. Approved, June 11, 1990. Secretary Park National Corporation, Newark, New Jersey — to acquire Mutual Federal Savings Bank, Zanesville, Ohio. Approved, June 14, 1990. Secretary Park National Corporation, Newark, Ohio — to acquire Mutual Federal Savings Bank, Zanesville, Ohio. Approved, June 14, 1990. Staff Director BS&R Port Gibson Capital Corporation, Port Gibson, Mississippi — proposal that Port Gibson Bank purchase the assets and assume the liabilities of Port Gibson Bank for Savings, F.S.B. Approved, June 15, 1990. Atlanta Port Gibson Capital Corporation, Port Gibson, Mississippi — to establish Port Gibson Bank For Savings, FSB. Approved, June 15, 1990. to H.2 JUNE 11, 1990 PAGE 6 TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Richmond Premier Bankshares Corporation, Tazewell, Virginia — to acquire Shawsville Bancorp, Inc. Approved, June 11, 1990. Minneapolis Rocky Mountain Bancorporation, Inc., Billings, Montana — to merge with Whitehall Bancorporation, Inc. Withdrawn, June 11, 1990. Staff Director BS&R Security Bancorp of Tennessee, Inc., Halls, Tennessee — proposal that Security Bank, Newbern, Tennessee, purchase the assets and assume the liabilities of Security Thrift Association, Trenton, Tennessee. Approved, June 15, 1990. St. Louis Security Bancorp of Tennessee, Inc., Halls, Tennessee — to acquire Security Thrift Association, Trenton, Tennessee. Permitted, June 15, 1990. San Francisco Security Pacific Corporation, Los Angeles, California, and SPC Acquisition, Inc. — to acquire certain nonbank subsidiaries of La Jolla Bancorp, San Diego, California. Withdrawn, June 12, 1990. Atlanta T.C.N.B., Inc., Fort Pierce, Florida — Treasure Coast National Bank. Approved, June 13, 1990. Staff Director BS&R Trustmark Corporation, Jackson, Mississippi — proposal that Trustmark National Bank, Jackson, Mississippi, purchase the assets and assume the liabilities of Trustmark Interim, F.S.B. Approved, June 15, 1990. Atlanta Valley Bancshares, Inc., Russellville, Alabama — acquire Valley State Bank. Approved, June 11, 1990. to acquire to H.2 JUNE 11, 1990 PAGE 7 TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Chicago Bank of Commerce, Hamtramck, Michigan — to merge with The State Bank of Fraser, Fraser, Michigan, and to establish branches at 32981 Utica Road and 32001 Groesbeck Highway. Approved, June 16, 1990. Atlanta Southern Heritage Savings Bank, Winterville, Georgia — to merge with Main Street Interim, Inc., Covington, Georgia. Approved, June 15, 1990. Atlanta Trust Company Bank, Atlanta, Georgia — to merge with Trust Company Bank of Douglas County, Douglasville, Georgia. Approved, June 12, 1990. BANK PREMISES Minneapolis Grand Marais State Bank, Grand Marais, Minnesota — investment in bank premises. Approved, June 14, 1990. BANKS, STJTE MEMBER S t • Louis Elliott State Bank, Jacksonville, Illinois — of a dividend. Approved, June 12, 1990. payment EAP7TAL STOCK Chicago Bancorp of Rantoul, Inc., Rantoul, Illinois — redemption of shares. Approved, June 15, 1990. Dallas Ford Bank Group, Inc., Lubbock, Texas — of shares. Approved, June 15, 1990. Minneapolis Linton Bancshares, Inc., Bismarck, North Dakota — redemption of shares. Approved, June 15, 1990. redemption H.2 JUNE 11, 1990 PAGE 8 TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City Bank of Cushing and Trust Company* Cushing* Oklahoma — change in bank control. Permitted* June 15* 1990. Minneapolis Eden Valley Bancshares* Inc.* Eden Valley* Minnesota — change in bank control. Returned* June 12* 1990. Chicago First Sioux Bancshares* Ltd.* Sioux Center* Iowa — change in bank control. Permitted^ June 15* 1990. Kansas City Goltry Bancshares* Inc.* Goltry, Oklahoma — in bank control. Permitted* June 14* 1990. Minneapolis Linton Bancshares* Inc.* Bismarck* North Dakota — change in bank control. Permitted* June 15* 1990. Minneapolis Morris Bancorporation* Inc.* Morris* Minnesota — change in bank control. Permitted* June 11* 1990. Secretary Trans Financial Bancorp* Inc.* Bowling Green* Kentucky — change in bank control. Permitted* June 15* 1990. change COMPETITIVE FACTORS REPORTS Atlanta Anchor Savings Bank* FSB* Hewlett* New York* proposed purchase of the Northside Parkway* Atlanta* Georgia* branch of Anchor Savings Bank* Hewlett* Georgia — report on competitive factors. Submitted* June 13* 1990. Richmond Bank of Baltimore* Baltimore* Maryland* proposed merger with Municipal Interim Trust Company* Towson* Maryland — report on competitive factors. Submitted* June 11 * 1990• Chicago Bank One* Appleton* National Association* Appleton* Wisconsin* proposed merger with Bank One* Neenah* National Association* Neenah* Wisconsin — report on competitive factors. Submitted* June 11* 1990. H.2 JUNE 11, 1990 PAGE 9 TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland Bank One, Columbus, N.A., Columbus, Ohio, proposed purchase of four branches of Citizens Federal Bank, F.S.B., Miami, Florida — report on competitive factors. Submitted, June 15, 1990. Philadelphia Chestnut Hill National Bank, Philadelphia, Pennsylvania, proposed merger with Chestnut Interim National Bank — report on competitive factors. Submitted, June 12, 1990. San Francisco Commercial Bank of San Francisco, San Francisco, California, proposed merger with International Bancorp of the Pacific — report on competitive factors. Submitted, June 14, 1990. Cleveland First Federal of Western Pennsylvania, Sharon, Pennsylvania, proposed merger with First Western Bancorp, Inc., New Castle, Pennsylvania — report on competitive factors. Submitted, June 15, 1990. Richmond Greenwood National Bank, Greenwood, South Carolina, proposed purchase of the assets and assumption of the liabilities of the Greenwood Branch of Perpetual Federal Savings Bank, Anderson, South Carolina — report on competitive factors. Submitted, June 14, 1990. Cleveland Home Saving and Loan Association, Defiance, Ohio, proposed merger with First National Bank of Northwestern Ohio, Bryan, Ohio — report on competitive factors. Submitted, June 12, 1990. San Francisco Household Bank, F.S.B., Newport Beach, California, proposed acquisition of two Columbus, Ohio, branches of Citizens Federal Bank, F.S.B., Miami, Florida — report on competitive factors. Submitted, June 12, 1990. H.2 JUNE 11, 1990 PAGE 10 TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas New Western American Bank, Bedford, Texas, proposed merger with Western American National Bank — report on competitive factors. Submitted, June 11, 1990. Philadelphia Northeastern Bank of Pennsylvania, Wilkes - Barre, Pennsylvania, proposed purchase of certain assets and assumption of certain liabilities of the Easton branch of Citizens Savings Association, Mount Pocono, Pennsylvania report on competitive factors. Submitted, June 11, 1990. Chicago River Grove Bank and Trust Company, River Grove, Illinois, proposed merger with Pioneer Bank & Trust Company, Chicago, Illinois — report on competitive factors. Submitted, June 11, 1990. Cleveland Second National Bank of Warren, Warren, Ohio, proposed purchase of the assets and assumption of the liabilities of the Aurora, Ohio, office of Dollar Bank, F.S.B., Pittsburgh, Pennsylvania — report on competitive factors. Submitted, June 15, 1990. Philadelphia Star Savings and Loan Association, Sayre, Pennsylvania, proposed merger with an interim federal stock savings bank to be formed by Citizens Financial Services, Inc., Mansfield, Pennsylvania — report on competitive factors. Submitted, June 12, 1990. San Francisco Western Community Bancorp, Corona, California, proposed merger with Western Community Bank — report on competitive factors. Submitted, June 15, 1990. H.2 JUNE 11, 1990 PAGE 11 TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago Citizens Trust and Savings Bank* South Haven, Michigan — extension to November 4, 1990, to invest in bank premises, and to establish a branch at 510 Hubbard Street, Allegan, Michigan. Granted, June 11, 1990. San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain property. Granted, June 14, 1990. S t . Louis FSB, Inc., Covington, Tennessee — extension to September 8, 1990, to redeem shares. Granted, June 13, 1990. Chicago Great River Bancshares, Inc., Quincy, Illinois — extension to September 10, 1990, to acquire The Hill - Dodge Banking Company, Warsaw, Illinois. Granted, June 16, 1990. Chicago Mid - Michigan Bancorp, Inc., Portland, Michigan — extension to August 21, 1990, to acquire Maynard Allen State Bank. Granted, June 14, 1990. Minneapolis Northern Interstate Financial, Inc., Norway, Michigan — extension to September 20, 1990, to acquire First National Bank. Granted, June 15, 1990. S t . Louis Pioneer Bancshares, Inc., Truman, Arkansas — extension to September 18, 1990, to acquire First National Bank of Poinsett County. Granted, June 13, 1990. New York Saban S.A., Panama City, Republic of Panama — extension to September 15, 1990, to acquire Safra National Bank of New York. Granted, June 14, 1990. Chicago West Suburban Bancorp, Inc., Lombard, Illinois — extension to September 11, 1990, to reactivate the charter of LMB Bank, Mascoutah, Illinois, in St. Charles, Illinois, and to change the name to West Suburban Bank of St. Charles, St. Charles, Illinois. Granted, June 15, 1990. H.2 JUNE 11, 1990 PAGE 12 TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Philadelphia — to offer a Cash Letter Microfiche Payor Bank Service. Approved, June 15, 1990. H.2 JUNE 11, 1990 PAGE 13 ADDITIONS AND CORRECTIONS TO JUNE 16, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Merchants Capital Corporation, Vicksburg, Mississippi — to establish Merchants Bank For Savings, FSB. Approved, May 15, 1990. Dallas Wheeler Delaware, Inc., Wilmington, Delaware — to acquire First National Bank in Wheeler, Wheeler, Texas. Waived, May 11, 1990. BANKS, STATE MEMBER Kansas City Mercantile Bank of Kansas City, Kansas City, Missouri — to assume the insured deposits of the Blue Springs Branch of Blue Valley Federal Savings and Loan Association. Approved, June 4, 1990. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date The Royal Bank of Scotland Federal Register Group pic, Edinburgh, United Kingdom - 4(c) (8) application for prior approval to engage indirectly through its wholly owned subsidiaries Charterhouse Inc., Charterhouse North American Securities, Inc., and Charterhouse Properties, Inc., in certain nonbanking activities, to acquire a partnership interest in a de novo general partnership, Continental Partners, and to engage indirectly through Continental Partners in certain nonbanking actitivies Not Yet Established First Regional Bancorp, Federal Register Inc., Hartford, Connecticut - 4(c)(8) application to engage in the private placement of debt and equity securities and to provide merger and acquisition advice and services through First Regional Investcorp, Inc., Hartford, Connecticut Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE ♦Subject to GRA F e d e r a l R e s e rv e B ank o f New Y o rk Comment Period E n d i m Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ Chemical Bank, New York, New York to purchase certain assets and assume certain liabilities of a branch of Ihe Greater New York Savings Bank located at 2213/2219 Broadway, New York, New York.l/ 7/11/90 Chemical Bank, New York, New York to establish a branch at 6509 Bay Parkway, Brooklyn, New York.l/ 7/10/90 United Jersey Bank, Hackensack, New Jersey to establish an offsite electronic facility at Ramapo College, 505 Ramapo Valley Road, Mahwah, New Jersey. 1/ 7/11/90 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ 4/ Subject to provisions of Ccmmunity Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - NOt Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FED ERA L R E SE R V E BANK OF PH ILA D ELP H IA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Meridian Bancorp. Inc.. Reading, PA to engage de novo in providing data processing services and management consulting to depository institutions, pursuant to Section 4(c)(8) of the Bank Holding Company Act. (Secretary delegated) N/A* Citizens Financial Services. Inc.. Mansfield, PA to N/A* acquire Star Savings and Loan Association, Sayre, PA, pursuant to Section 4(c)(8) of the Bank Holding Company Act. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. Federal Reserve Bank of Cleveland Applications Bulletin For Veek Ending June 16 , 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION CO M M E N T P E R I O D E N D I N G R e c e i v e d a p p l i c a t i o n on J u n e 12, 1990 f r o m The F i f t h Bank, Cincinnati, Ohio, to e s t a b l i s h a b r a n c h at 851 H i g h Street, Hamilton, Ohio. * J u l y 9, 1990 R e c e i v e d a p p l i c a t i o n on J u n e 12, 1990 from The F i f t h Bank, Cincinnati, Ohio, to e s t a b l i s h a b r a n c h at 1500 S h e r m a n Avenue, Cincinnati, Ohio. * J u l y 9, 1990 R e c e i v e d a p p l i c a t i o n on J u n e 12, 1990 from The Fif t h Bank, Cincinnati, Ohio, to e s t a b l i s h a b r a n c h at 6401 C o l e r a i n Avenue, Cincinnati, Ohio. * J u l y 9, 1990 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE R e c e i v e d S e c t i o n 3(a)(5) a p p l i c a t o n on J u n e 14, 1990 from Banc One Corporation, Columbus, Ohio, to a c quire D.S.B. Bancshares, Inc., Randolph, Wisconsin. * N - J u l y 16, 1990 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on M a y 31, 1990 from Fi r s t Financial Bancorp., Monroe, Ohio, to a c quire Fide l i t y Federal Sa v i n g s Bank, Marion, Indiana. * # N F - J u n e 26, 1990 Su b j e c t to C R A E x p e c t e d to end a p p r o x i m a t e l y 30 d a y s from the d a t e of receipt N e w s p a p e r C o m m e n t Period Federal R e g i s t e r C omment Period Applications Bulletin For Week Ending June 16, 1990 SECTION IV - APPLICATIONS WOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE* * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date BB&T Financial Corporation, Wilson, North Carolina, to engage in the traditional deposit taking and loan making activities performed by a savings and loan association through the acquisition of First Federal Savings Bank of Pitt County, Greenville, North Carolina.* 6-26-90 First Citizens BancShares, Inc., Raleigh, North Carolina, to engage in owning and operating a state chartered savings and loan association through the acquisition of Catawba SavShares, Inc., Charlotte, North Carolina, and its subsidiary Mutual Savings and Loan Association, Inc., Charlotte, North Carolina.* 6-26-90 Southern National Corporation, Lumberton, North Carolina, to engage in owning and operating a savings and loan that obtains funds in the form of savings deposits and invests these funds primarily in mortgage loans on residential and commercial real estate, and to a lesser extent in various types of consumer loans and investments through the acquisition of Mutual Federal Savings and Loan Association, Elkin, North Carolina.* 7-2-90 *Expiration of comment period specified in the Federal Register. Section III - Applications Subject to Federal Register Notice--contd. Application Comment Period Ending Date Southern National Corporation, Lumberton, North Carolina, to engage in owning and operating a savings and loan that obtains funds in the form of savings deposits and invests these funds primarily in mortgage loans on residential and commercial real estate, and to a lesser extent in various types of consumer loans and investments through the acquisition of Western Carolina Savings & Loan Association, Inc., Valdese, North Carolina.* 7-2-90 Carolina First Corporation, Greenville South Carolina, to engage in owning and operating a savings and loan association, the activities of which.include: accepting deposits; making and servicing mortgage, commercial, and consumer loans; issuing credit cards; lease financing of personal and real property; and acting as principal, agent, broker for insurance that is directly related to an extension of credit by the holding company organization, and limited to ensuring the repayment of the outstanding balance due on the extension of credit in the event of the death, disability, or involuntary unemployment of the debtor through the acquisition of First Federal Savings and Loan Association of Georgetown, Georgetown, South Carolina.* 7-2-90 NCNB Corporation, Charlotte, North Carolina, to engage & novo in providing securities brokerage services to institutional and retail customers; providing investment and financial advisory services to institutional and retail customers; providing institutional and retail customers with full-service securities brokerage services that combine investment advisory and securities brokerage services; acting as agent in the private placement of all types of securi ties and providing related advisory services; and acting as a "riskless principal" in buying and selling all types of securities on the order of investors through its subsidiary, NCNB Capital Markets, Inc., Charlotte, North Carolina.* 7-13-90 *Expiration of comment period specified in the Federal Register. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending June 15. 1990 Section I - Applications Subject To Newspaper Notice Only Application Comment Period Ending Date Plaza Merger Company Miami, Florida To become a member of the Federal Reserve System, pursuant to section 9 of the Federal Reserve Act. Plaza Merger Company Miami, Florida To merge with and into Plaza Bank of Miami, Miami, Florida, pursuant to section 18(c) of the Federal Deposit Insurance Act. Section II - Applications Subject To Both Newspaper and Federal Register Notice Application Comment Period Ending Date First Camden Bancshares, Inc. 06-25-90 Camden, Alabama Newspaper 1-BHC formation, The Camden National Bank, Camden, Alabama. Plaza Merger Company Miami, Florida Change in control by Eugenio Mendoza, et al., to acquire 100 percent of the outstanding shares of Plaza Bank of Miami, Miami, Florida. First Gwinnett Bancshares, Inc. 06-04-90 Norcross, Georgia Newspaper 1-BHC formation, First Gwinnett Bank, Norcross, Georgia. Main Streets Bank Incorporated 06-25-90 Covington, Georgia Federal Register To acquire Southern Heritage Savings Bank, Winterville, Georgia. Cumberland Valley Bancshares, Inc. Madison, Tennessee Change in control by Eddie P.S. Pen to increase his ownership from 15.2 percent to 18.2 percent as a result of a stock redemption. Week Ending June 15, 1990 Section III - Applications Subject To Federal Register Notice Only Application Synovus Financial Corp. Columbus, Georgia Synovus along with TB&C Bancshares, Inc., Columbus, Georgia, proposes to expand the activities of its wholly-owned subsidiary, Synovus Securities, Inc., Columbus, Georgia, and engage de novo in providing employee benefits consulting services, pursuant to section 225.23(a)(3) of Regulation Y. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Tvoe Application EFT American Trust 6 Savings Bank Dubuque, Iowa Medical Associates Clinic, P.C. 1000 Langworthy Street Dubuque, Iowa* N - 6-24-90 Branch Comerica Bank - Detroit Detroit, Michigan Relocation from 2700 E. Jefferson to 2631 E. Jefferson Detroit, Michigan* N - ** Branch 1st Source Bank South Bend, Indiana Northeast Corner US 30 and Oak Road Plymouth, Indiana* N - ** EFT Bankers Trust Company Des Moines, Iowa Amoco Oil Company 4300 Westown Parkway West Des Moines, Iowa* N - ** EFT Davenport Bank and Trust Company Davenport, Iowa St. Ambrose University 518 W. Locust Street Davenport, Iowa* N - ** EFT Davenport Bank and Trust Company Davenport, Iowa St. Luke'8 Hospital 1227 E. Rushholme Davenport, Iowa* N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 Bank of Montreal Montreal, Canada Frankfort Bancshares, Inc. Frankfort, 111inois Frankfort State Bank Frankfort, Illinois* PR - 7-2-90 N - ** Y-2 Bankmont Financial Corp. New York, New York Frankfort Bancshares, Inc. Frankf ort, 111inois Frankfort State Bank Frankfort, Illinois* FR - 7-2-90 N - ** Y-2 Harris Bankcorp, Inc. Chicago, Illinois Frankfort Bancshares, Inc• Frankfort, Illinois Frankfort State Bank Fr ankf ort, 111inois* CoC-HC Oswego Bancshares, Inc. Oswego, Illinois Oswego Community Bank Employee Stock Ownership Plan Oswego, Illinois Y-2 INB-Financial Corporation Indianapolis, Indiana Peoples Mid-Illinois Corporation Bloomington, Illinois Peoples Bank Bloomington, Illinois* Y-l INB-Illinois Corporation Indianapolis, Indiana Peoples Mid-Illinois Corporation Bloomington, Illinois Peoples Bank Bloomington, Illinois* Y-l Logan Bancorporation, Inc. Logan, Iowa The First National Bank of Logan Logan, Iowa* FR _ 7-2-90 N - ** FR - 6-15-90 - 6-28-90 N FR - 6-26-90 N - 6-23-90 FR - 6-26-90 N - 6-23-90 FR - 6-26-90 N - 6-15-90 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-2 Westbank Financial Corporation Naperville, Illinois First National Bank of Wheaton Wheaton, Illinois* FR - 6-26-90 N - ** Y—1 First Marengo Financial Corporation Marengo, Illinois First National Bank of Marengo Marengo, Illinois* FR - 7-2-90 N - ** Y-2 Palmer Bancorp, Inc. Danville, Illinois The Citizens State Bank Williamsport, Indiana* Y-2 Y-l Y-l Marshall & Ilsley Corporation Milwaukee, Wisconsin Barneveld State Bank Barneveld, Wisconsin* PrivateBancorp, Inc. Chicago, Illinois The PrivateBank and Trust Company Chicago, Illinois (in organization)* Liberty Bank Stock Bonus Plan and Trust Milwaukee, Wisconsin Liberty Bank Milwaukee, Wisconsin* PR - 7-2-90 N - ** PR - 7-3-90 N - ** PR - 7-2-90 N - ** PR - 7-3-90 N - ** Y-l Blackhawk Bancorporation Milan, Illinois Blackhawk State Bank Milan, Illinois* FR - ** N - ** Y-2 First Financial Corporation Terre Haute, Indiana Ridge Farm State Bank Ridge Farm, Illinois* FR - ** N - ** CoC-HC Royal Bancshares, Inc. Elroy, Wisconsin Ronald Darga; Richard and Mardelle Behnke; Gilbert and Evelyn Lee; William and Anita Neuman and Warren and Clarice Winn FR - ** N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Type Application Y-2 Royal Bancshares, Inc. Elroy, Wisconsin Lone Rock Investments, Inc. Lone Rock, Wisconsin State Bank of Lone Rock Lone Rock, Wisconsin* Comment Period Ending Date FR - ** N - ** Section III - Applications Subject to Federal Register Notice Only Comment Period Application Ending Date Type 4(c)(8) Lakeview Financial Corp. FR - 7-2-90 Lakeview, Michigan Form a community development corp and provide affordable one-level housing to senior citizens with low to moderate incomes 4(c)(8) Edville Bankcorp, Inc. Villa Park, Illinois Make and service loans FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application None N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Ju n e 15, Federal Reserve Bank of St. Louis 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date ^Section 3(a)(1) application by C. B. Bancshares, Inc., Des Peres, Missouri, to acquire Century Bank, Des Peres, Missouri (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Section 4(c)(8) application by Lincoln County Bancorp, Inc., Troy, Missouri, to engage in general insurance activities through a 50 percent ownership interest in Louisiana Title Company, Inc., Louisiana, Missouri (Not available) SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. * This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Three Forks Bancorporation, Inc. Three Forks, MT To acquire an additional 1.3% of the voting shares of Citizens Bancshares, Inc., Bozeman, MT* 6-26-90 (Federal Register) Norwest Corporation Minneapolis, MN To acquire Wyoming National Bankcorporation, Casper, WY* 7-2-90 (Federal Register) Corporate Advisors L.P.; Corporate Partners, L.P.; Corporate Offshores Partners, L.P.; The State Board of Administration of Florida; Lazard Freres & C o .; and LFCP Corp. To acquire First Bank System Minneapolis, MN 6-26-90 (Federal Register) NoDak Bancorporation Mandan, ND To acquire Union State Bank of Fargo, Fargo, ND* 7-3-90 (Federal Register) *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Norwest Corporation Minneapolis, MN To engage in general insurance agency activities through the acquisition of American Land Title Co., Omaha, Nebraska. Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ^Subject to CRA Federal Reserve Bank o f Kansas City SECTION I - A P P L I C A T I O N S S U B J E C T TO N E W S P A P E R N O T I C E O NLY APPLICATION A l p i n e Bank, Clifton, Clifton, C o l o r a d o , for prior approval for m e m b e r s h i p in the Federal Reserve Sys t e m . COMMENT PERIOD ENDING DATE Not A v a i l a b l e S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H N E W S P A P E R AND F E DERAL R E G I S T E R N O T I C E APPLICATION COMMENT PERIOD ENDING DATE A l p i n e B a n k s of Colorado, Gl e n w o o d Sprin g s , C o l o r a d o , for prior ap p r o v a l to a c q u i r e 100 percent of the voting s h a r e s of A l p i n e Bank, Clifton, Clifton, Colorado.* Not A v a i l a b l e Fi r s t H o w a r d Bankshares, Inc., T o p e k a , K a nsas, for prior approval to a c q u i r e 87 p e r c e n t of the voting s h a r e s of Fi r s t Security Bankshares, Inc., T o p e k a , K a nsas.* Not A v a i l a b l e F i r s t S e c u r i t y Bankshares, Inc., T o p e k a , K a n sas, for prior approval to b e c o m e a bank h o l d i n g company through the a c q u i s i t i o n of 100 percent of the v o t i n g s h a r e s of I & B, Inc., C h e r r y v a l e , Kansas, parent of Peoples S t a t e Bank, C h e rryvale, Kansas.* Not A v a i l a b l e F a r m e r s N a t i o n a l Bancshares cf B e t h a n y , Inc., Bethany, Missouri, for p r i o r a p p r o v a l to become a- bank h o l d i n g c o m p a n y through the a c q u i s i t i o n of 98 percent of the v o t i n g s h a r e s of Farmers National Bank of B e t h a n y , Bethany, Missouri.* Not A v a i l a b l e T e a m B a n c , Inc., Paola, Kansas, for p r i o r a p p r o v a l to acquire 100 p ercent of the v o t i n g shares of Iola B a n c s h a r e s , Inc., Paola, Kansas.* June 21, 1990 C r a i g J. W a l k e r , Westcliffe, C o l o r a d o , for prior approval to a c q u i r e 7 2 . 2 3 p e r c e n t of Custer B a n c o r p , W e s t c l i f f e , Colorado. June 27, 1990 Federal Reserve Bank o f Kansas City Leo N. Bradley, Golden, Colorado, for prior a p p r o v a l to retain his o w n e r s h i p i n c r e a s e in Eve r g r e e n B a n c o r p o r a t i o n , Evergreen, Colorado, of 31.59 p e r c e n t for a total of 44.58 percent. June 28, 1990 M i n d e n E x c h a n g e Company, Minden, Nebraska, for p r i o r appro v a l to b e c o m e a bank h o l d i n g c o m pany through the a c q u i s i t i o n of 80 percent of the v o t i n g s h a r e s of M i n d e n Exchange Bank & Trust, Minden, N e b r a s k a . * June 26, 1990. F r e d J. Hall, B r o o k s Hall, Jr., and K i r k l a n d Hall, O k l a h o m a City, O k l a h o m a , for prior appro v a l to a c q u i r e 100 p e r c e n t of the voting s h ares of C a p i t a l N a t i o n a l B a n cshares, Inc., O k l a h o m a City, O k l ahoma. June 21, 1990 SECTION III - A P P L I C A T I O N S SUBJECT T O F E D E R A L R E G I S T E R NOTICE ONLY APPLICATION COMMENT P E RIOD ENDING DATE None. S E C T I O N IV - A P P L I C A T I O N S NOT SUBJECT T O F E D E R A L R E G I S T E R N O T I C E OR N EWSPAPER N O T I C E APPLICATION First O g a l l a l a Investment, Inc., Ogal l a l a , N e b r a s k a , for prior a p p r o v a l to r e d e e m 13,498 shares of its own v o t i n g c o m m o n stock. Not A v a i l a b l e Beutler, Inc., Ness City, Kansas, for prior a p p r o v a l to r edeem 1,095 shares of its own v o t i n g c o m m o n stock. N ot A v a i l a b l e *App li ca ti on is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 11, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Eugene Leroy Riser - Trustee; Eugene Leroy Riser; Cruz Garcia; James Marvin Johnson III; and Paul Martin Dirks, George West, TX; Gwendolyn Knox, Dallas, TX; James Henderson Eckhardt, San Antonio, TX; Robert Edward Matula, Calliham, TX; Marcia Lynne Wallace, San Antonio, TX, to acquire an interest in Charlotte Bancshares, Inc., Charlotte, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCESCO Week ending 6/15/90 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Fai Heng Chen, Vancouver, British Columbia, to increase ownership from 12.04 to at least 40.87 percent of American Pacific Bank, Aumsville, Oregon. Larry Shehadey, Fresno, California, to increase ownership from 9.93 to 15.00 percent of Vallicorp Holdings, Inc., Fresno, California. Fed. Rea.; 6/21/90 Newspaper: Not available Fed. Rea.: 6/27/90 Newspaper: Not available Section III - Applications Subject to Federal Register Notice Only First Security Corporation, Salt Lake City, Utah, to expand the activities of First Security Discount: Brokerage, Inc., Salt Lake City, Utah, to include investment advisory and private placement services for retail and institutional customers. Fed. Rea.: Not available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER