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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1983 No. 24)
Actions of the Board; Applications and Reports
Received During the Week Ending June 18, 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
The Comptroller of the Currency and the Federal Reserve
Board announced amendments to t h e i r minimum capital
guidelines; the guidelines are used by the two
agencies in examining and supervising national banks,
state chartered banks that are members of the Federal
Reserve System, and bank holding companies.
Regulation B, Equal Credit Opportunity; notice of intent
to review regulation; request for comment by August 30,
1983. (Docket No. R-0473)
Withdrawal of the transfer agent r e g i s t r a t i o n of The
Bank of New Orleans and Trust Company, New Orleans,
Louisiana.
Withdrawal of the transfer agent r e g i s t r a t i o n of Cape
Cod Bank and Trust Company, Hyannis, Massachusetts.
Boston
Independent Bank and Trust Company, Willimantic,
Connecticut, proposed merger with the New Independent
Bank and Trust Company, Willimantic, Connecticut;
report to the Federal Deposit Insurance Corporation
on competitive factors. V
Boston
New Community National Bank, Derby, Vermont, proposal
to merge with Community National Bank, Derby, Vermont;
report to the Comptroller of the Currency on competiti ve
factors. V
Boston
New Guaranty Savings Bank, Plymouth, New Hampshire,
proposed merger with Plymouth Guaranty Savings Bank,
Plymouth, New Hampshire; report to the Federal Deposit
Insurance Corporation on competitive factors. V
T7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 19ti3 No. 24
- 2 ACTIONS OF THE BOARD - Continued
Boston
Home National Corporation, Mil f o r d , Massachusetts, extension of time t o July 8, 1983, within which to become
a bank holding company through the acquisition of the
Home National Bank of Mil ford, Mil ford, Massachusetts. J /
New York
Hempstead Bank, Hempstead, New York, t o make an investment
in bank premises. V
New York
Manufacturers and Traders Trust Company, Buffalo, New
York, to make an additional investment in bank premises. J /
Philadelphia
Independence Bancorp, I n c . , Perkasie, Pennsylvania, extension of time to November 19, 1983, w i t h i n which
t o consummate the acquisition of Union Bank and Trust
Company of Eastern Pennsylvania and the merger with
Cheltenham Corporation, y
Richmond
Bank of Raleigh, Beck l e y , West V i r g i n i a , proposed merger
with One Park Bank, I n c . , Beckley, West V i r g i n i a , an
organizing bank; report to the Federal Deposit Insurance
Corporation on competitive factors. V
Richmond
Intemountain Bankshares, I n c . , Charleston, West V i r g i n i a ,
extension of time to July 25, 1983, within which to
become a bank holding company through the acquisition of
the successor by merger to Kanawha Banking & Trust
Company, National Association, Charleston, West V i r g i n i a .
Richmond
Central F i d e l i t y Bank, National Association, Southwest,
Abingdon, V i r g i n i a , proposed merger with Virginia
Citizens Bank, Clintwood, V i r g i n i a ; report to the
Comptroller of the Currency on competitive factors. J /
Atlanta
F i r s t Elbert Corporation, Elberton, Georgia, extension
of time u n t i l September 22, 1983, within which to
become a bank holding company through the acquisition
of F i r s t National Bank in Elberton, Elberton, Georgia. V
Atlanta
Community Bank of South F l o r i d a , I n c . , Homestead, Florida,
extension of time u n t i l September 24, 1983, w i t h i n which
to become a bank holding company through acquisition of
Community Bank of Homestead, Homestead, Florida. y
Atlanta
National City Bank of Rome, Rome, Georgia, proposed merger
with Interim National Bank of Rome, Rome, Georgia;
report to the Comptroller of the Currency on competitive
f act ors. 1/
J/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 24
- 3 ACTIONS OF THE BOARD - Continued
Atlanta
F i r s t National Bank of Florence, Florence, Alabama,
proposed merger with F i r s t Florence Interim Bank, N. A.,
Florence, Alabama; report to the Comptroller of the
Currency on competitive factors. V
Atlanta
F i r s t National Bank of Greenville, Greenville, Alabama,
proposed merger with F i r s t National Interim Bank of
Greenville, Greenville, Alabama; report to the Compt r o l l e r of the Currency on competitive factors. 2/
Atlanta
F i r s t National Bank of West Point, West Point, Georgia,
proposed merger with Interim National Bank of West
Point, West Point, Georgia; report to the Comptroller
of the Currency on competitive factors. _)/
Chicago
Citizens Commercial & Savings Bank, F l i n t , Michigan,
to invest i n bank premises. 2/
Chicago
WESTERN ILLINOIS NATIONAL BANCSHARES, INC., Aledo,
I l l i n o i s , extension of time to August 24, 1983,
within which to become a bank holding company through
the acquisition of 100 percent of the voting shares
of the successor by merger to National Bank of Aledo,
Aledo, I! h n o i s . 2/
Chicago
Elkhart Community Bank, Elkhart, I l l i n o i s , application
for prior approval to merge with ECB Bank, Elkhart,
H h n o i s , under the charter of ECB Bank and t i t l e of
Elkhart Community Bank; report to the Federal Deposit
Insurance Corporation on competitive factors. ] /
Chicago
East Lansmy State Bank, East Lansing, Michigan, application for p r i o r approval to merge with ELSB Bank,
I n c . , East Lansing, Michigan, under the charter of
Fast Lansing State Bank and t i t l e of East Lansing State
Dank; report to the Federal Deposit Insurance Corporation on competitive factors. 1/
Chicago
FNBOS National Bank, Oak Brook, I l l i n o i s , application
for p r i o r approval to merge w i t h F i r s t National Bank
and Trust Company of Oak Brook, Oak Brook, I l l i n o i s ,
under the charter of FNBOB National Bank and t i t l e
of F i r s t National Bank of Oak Brook; report to the
Comptroller of the Currency on competitive factors. 2/
7?
Application processed on tehzr cf th* Board of Governors under
delegated autnority.
H.2, 1983 No. 24
- 4 ACTIONS OF Int BOARD - Continued
Cn icago
Citizens Bank, N.A., Macomo, I l l i n o i s , a p p l i c a t i o n
f o r p r i o r approval t o :wrge with Cit.zens National
Bonk of Macomb, Macomb, I l l i n o i s , unaer the charter
of C l t u e n s Bank, N.A., and t i t l e of C i t izens
National Bank of Macomo; report to the Comptroller
of the Currency on competitive f a c t o r s . y
S t . 13U5S
F i r s t Robinson Bancorp, Robmson, I l l i n o i s , extension
of time u n t i l September 11, 1983, w i t n i n wnich to
become a bank holding company through the a c q u i s i t i o n
of the F i r s t National Bank i n Robinson, Robinson,
I l l i n o i s . 1/
Kansas
St. Paul Bancorporation, I n c . , St. Paul, Nebraska,
extension of time to September 29, 1983, w i t h i n which
to consummate the a c q u i s i t i o n of St. Paul National
Bank, S t . Paul, Neoraska. V
Kansas C i t y
Val Cor Bancorporation, I n c . , Cortez, Colorado, extension of f ime to October 1, 19.3, w i t h i n which to
consummate the a c q u i s i t i o n of Valley National bank
of Cortez, Cortez, Colorado. V
Kansas C i t y
Farley Bancshares. I n c . , F a r l e y , Missouri, extension
of time to September 24, 1983, w i t h i n whicn to consummate the a c q u i s i t i o n of Farley State Bank,
F a r l e y , Missouri, y
Dal las
Texas Commerce Bancshares, I n c . , Houston, Texas,
extension of t : n e t o August 13, 1983, w i t h i n which
t o consummate the a c q u i s i t i o n of Bank of Pasadena,
Pasadena, Texas. J7
Dal las
Northwest Bank and T r u s t , Houston, Texas, proposal to
merge w i t h New Northwest Bank and T r u s t , Houston,
Texas; report to tne Federal Deposit Insurance
Corporation on competitive f a c t o r s . V
Dai las
I n d u s t r i a l Bank, Houston, Texas, proposal to merge
w i t h New I n d u s t r i a l Bank, Houston, lexas; report
to the Federal Deposit Insurance Corporation on
competitive f a c t o r s . V
Dal las
Charter Bank, N.W., Corpus C h r i s t i , Texas, proposal
to merge w i t h New Charter Bank, N.W., Corpus C h r i s t i ,
Texas; report to the Federal Deposit Insurance
Corporation *,»n competitive f a c t o r s , j /
V
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated authority.
H.2, 1983 No. 24
- 5 ACTIONS OF THE BOARD - Continue^
Dal las
Mid Valley Bank, Weslaco, Tex^s, proposed merger w i t h
New Weslaco State Bank, Weslaco, Texas; report to
the Federal Deposit Insurance Corporation on competitive
f act ors. V
Dal las
Marble Falls National Bank, Marble F a l l s , Texas, proposed merger with New Marble Falls State Bank, Marble
F a l l s , Texas; report to the Federal Deposit Insurance
Corporation on competitive factors. J_/
San
Francisco
F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles,
C a l i f o r n i a , extension of time to June 23, 1984,
w i t h i n which to establish a branch o f f i c e in the
v i c i n i t y of the intersection of La J o l l a , Village
Drive and Genesee Avenue, City of Sari Diego, C a l i f o r n i a . V
San
Francisco
F o o t h i l l Independent Bank, Glendora, C a l i f o r n i a , proposed
merger w i t h Foothillsubco, Glendora, C a l i f o r n i a , under
the charter and t i t l e of the former; report to the
Federal Deposit Insurance Corporation on competitive
factors. V
San
Francisco
Wells Fargo Bank, N.A., San Francisco, C a l i f o r n i a , extension of time t o July 6, 1984, w i t h i n which to open
a branch in Seoul, Korea. J /
San
Francisco
Western Security Interim Bank, Salem, Oregon, proposed
merger w i t h Western Security Bank, Salem, Oregon,
under the charter and t i t l e of the l a t t e r ; report to
the Federal Deposit Insurance Corporation on competitive
factors, y
San
Francisco
INB Bancorp, Covina, C a l i f o r n i a , second extension of time
to October 5, 1983, w i t h i n which to become a bank holding
company through the acquisition of Independence National
Bank, Covina, C a l i f o r n i a , a proposed new bank. 1/
77
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983N0. 24
- 6 ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant
to Section 9 o f the Federal Reserve Act
Approved
The Bank of New York, New York, New York. To
establish thirteen o f f s i t e electronic f a c i l i t i e s
in New York State, 1/
New York
*
*
*
*
*
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Mi nneapoli s
Not Disapproved
Caprice Corporation, Red Lake F a l l s , Minnesota. J/
Kansas City
North Fork Corporation, Paonia, Colorado. ]_/
*
*
*
*
*
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13)
of the Bank Holding Company Act of 1956, as amended
New York
Approved
H i l l Samuel Group PLC, London, England: grants consent
to establish an Edge Act Corporation in New York, New
York to be named H i l l Samuel International Banking
Corporation.
New York
Marine Midland Overseas Corporation, New York, New
York: grants consent for Marine Midland Overseas
Corporation, New York, New York, t o make an
additional investment in the subordinated debt of
Ward ley Australia Limited, Sydney, Australia.
Chicago
Walter E. Heller International Corporation, Chicago,
I l l i n o i s : no objection of intent to establish an
export trading company known as Heller Trading
Company.
T7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 24
- 7 ACTIONS OF THE BOARD - Continued
San
Francisco
Atlanta
F i r s t Interstate Bancorp, Los Angeles, C a l i f o r n i a :
no objection to establish an export trading company
to be named F i r s t Interstate Trading Company to be
located in Los Angeles, C a l i f o r n i a .
Sixty-Day N o t i f i c a t i o n Period Allowed to Expire
Citibank International, Miami, Florida: no objection
to continue to hold, d i r e c t l y or i n d i r e c t l y , shares
of Citibank S.A., Paris, France a f t e r Citibank
France establishes a de novo mutual fund, Societe
d'Investissement a Capital Variable, Paris, France.
New York
Citibank Overseas Investment Corporation, Wilmington,
Delaware: no objection to invest, d i r e c t l y or
i n d i r e c t l y , i n The Tupuna Unit Trust, Brisbane,
Queensland, Australia.
Atlanta
F i r s t Atlanta Corporation, Atlanta, Georgia: no
objection to establish and invest in F i r s t Atlanta
International Finance, N.V., Curacao, Netherlands
Antilles.
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Atlanta
F i r s t Bankshares of West Point, I n c . , West Point,
Georgia, f o r approval to acquire 100 percent of
the voting shares of F i r s t National Bank of
West Point, West Point, Georgia. V
Atlanta
Jeanerette F i r s t National Bancorp, I n c . , Jeanerette,
Louisiana, f o r approval to acquire at least
8,334 shares (two-thirds) of the voting shares of
The F i r s t National Bank of Jeanerette, Jeanerette,
Louisiana. V
Atlanta
The National City Bankcorp, Rome, Georgia, for approval
to acquire 100 percent of the voting shares of The
National City Bank of Rome, Rome, Georgia. V
TJ
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1983 No. 24
- 8 ACTIONS OF THE BOARD - Continued
Atlanta
Southern National Banks, I n c . , Fort Walton Beach,
F l o r i d a , for approval to acquire at least 80 percent
of the voting shares of F i r s t National Bank of
Okaloosa County, Fort Walton Beach, Florida. y
Atlanta
Staba Bancshares, I n c . , Oonaldsonville, Louisiana,
for approval to acquire 100 percent of the voting
shares of State Bank and Trust Company, Dona!dsonv i l l e , Louisiana. V
Atlanta
Upper Cumberland Bancshares, I n c . , Byrdstown, Tennessee,
for approval to acquire at least 80 percent of the
voting shares of Peoples Bank and Trust Company of
Pickett County, Byrdstown, Tennessee. V
Atlanta
V.B.T, Holding Corporation, Valparaiso, Florida, f o r approval
to acquire at least 80 percent of the voting shares of
The Valparaiso Bank and Trust Company, Valparaiso,
Florida and Bank o f Mary Esther, Mary Esther, Florida, y
Chicago
Centre 1 Bancorp, I n c . , B e l o i t , Wisconsin, f o r approval
to acquire 100 percent of the voting shares of the
successor by merger to The F i r s t National Bank and
Trust Company of B e l o i t , B e l o i t , Wisconsin, y
Chicago
I.S.B. FINANCIAL CORP., Midlothian, I l l i n o i s , for approval
to acquire at least 80 percent of the voting shares of
I n t e r s t a t e Bank of Oak Forest, Oak Forest, I l l i n o i s . 1/
Chicago
Northwest Suburban Bancorp, I n c . , Mount Prospect, I l l i n o i s ,
for approval to acquire 100 percent of the voting shares
of F i r s t National Bank of Mount Prospect, Mount Prospect,
I l l i n o i s , Countryside Bank, Mount Prospect, I l l i n o i s
and F i r s t National Bank of Lake Zurich, Lake Zurich,
IIlinois.
Chicago
Pioneer Bankshares, I n c . , North Branch, Michigan, f o r
approval to acquire at least 80 percent of the
voting shares of Pioneer Bank, North Branch, Michigan, y
Chicago
Rock F a l l s Bancshares, I n c . , Rock F a l l s , I l l i n o i s , for
approval to acquire 100 percent of the voting shares of
the successor by merger to Rock Falls National Bank,
Rock F a l l s , I l l i n o i s . 1/
V
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
I
H.2, 3982 No. 24
- 9 ACTIONS OF THE BOARD - Continued
St. Louis
Dixie Bancshares, I n c . , Dukedom, Tennessee, f o r
approval to acquire at least 80 percent of the
voting shares of Dukedom Bank, Dukedom, Tennessee. J /
S t . Louis
Earle Bankshares, I n c . , Earle, Arkansas, for approval
to acquire at least 80 percent of the voting shares
of Earle State Bank, Earle, Arkansas. J/
St. Louis
Wilson & Muir Bancorp, I n c . , Bardstown, Kentucky, f o r
approval to acquire at least 80 percent of the voting
shares of Wilson 4 Muir Bank S Trust Company,
Bardstown, Kentucky. V
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
New fork
Approved
Commercial Bancshares, I n c . , Jersey C i t y , New Jersey,
for approval to acquire 100 percent of the voting
shares of Fidelity Bank & Trust Company of New
Jersey, Pennsauken, New Jersey. V
Philadelphia
Northeastern Bancorp, I n c . , Scranton, Pennsylvania,
for approval to acquire 100 percent of the voting
shares of The Cement National Bank, Northampton,
Pennsylvania. 1/
Philadelphia
Susquehanna Bancshares, I n c . , L i t i t z , Pennsylvania,
for approval to acquire 100 percent of the voting
shares of Citizens National Bank and Trust Company
of Waynesboro, Waynesboro, Pennsylvania. V
Chicago
First Wisconsin Corporation, Milwaukee, Wisconsin,
for approval to acquire 100 percent of the voting
shares of the successor by merger to Bank of Two
Rivers, Two Rivers, Wisconsin.
Chicago
United Midwest Bancorporation, L t d . , West Blocmfleld,
Michigan, for approval to acquire 100 percent of
the voting shares of Liberty Bank - Oakland, Troy,
Michigan. 1/
1/
~~
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1983 No. 24
— 10
•
ACTIONS OF THE BOARD - Continued
St. Louis
F i r s t Farmers Investment Corporation, I n c . , Greenfield,
I l l i n o i s , for approval to acquire at least 75.6
percent of the voting shares of Bank of Pawnee,
Pawnee, I l l i n o i s . V
Minneapolis
F i r s t Mabel BanCorporation, I n c . , Mabel, Minnesota,
for approval to acquire at least 84.1 percent of
the voting shares of The F i r s t National Bank of
Crosby, Crosby, Minnesota. V
Dal las
A l l i e d Bancshares, I n c . , Houston, Texas, f o r approval
to acquire 100 percent of the voting shares of Town
& Country Bank, Houston, Texas. V
Dallas
Southern Bancshares, Bremond, Texas, for approval t o
acquire at least 80 percent of the voting shares of
Moulton State Bank, Moulton, Texas. 1/
*
*
*
*
*
To Retain Bank Shares Acquired in a Fiduciary Capacity
Pursuant t o Section 3 of the Bank Holding Company Act of 1956
Approved
Midlantic Banks Inc. and Midlantic National Bank,
both of Edison, New Jersey, for approval to retain
9.42 percent of the shares of The Peoples National
Bank of Central Jersey, Pi scataway, New Jersey.
New York
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Cleveland
7/
Approved
Interstate Financial Corporation, Dayton, Ohio, f o r
approval to acquire at least 50 percent of the voting
shares of a de novo company, Green Machine Network
Corporation, Dayton, Ohio which provides services,
f a c i l i t i e s and data bases as permitted in Section
225.4 ( a ) ( 8 ) ( i i ) of Regulation Y.
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 24
-11ACTIQNS OF THE BOARD - Continued
Atlanta
New York
Southeast Banking Corporation, Miami, Florida, t o
engage through i t s subsidiary, Southeast Investors
Management Corporation, Miami, Florida, i n a j o i n t
venture t h a t w i l l provide investment advice with
respect to income-producing real property. The
remaining 50 percent of the j o i n t venture w i l l be
acquired by Gooch & Wagstaff, I n c . , Lakeland,
F l o r i d a , a subsidiary of Gooch & Wagstaff, London,
England.
Permitted
Barclays Bank PLC and Barclays Bank International
Limited, both located in London, England., request
permission to relocate an o f f i c e engaging in the
following a c t i v i t i e s (lease financing of personal
property by means of leases t h a t meet the standards
of Section 225.4(a)(6) of Regulation Y) from 2064
Peachtree Industrial Court, Chamblee, Georgia to
7001 Peachtree Industrial B l v d . , Norcross, Georgia,
through t h e i r subsidiary, BarclaysAmerican/Leasing,
Inc. ( 6 / 1 6 / 8 3 ) 3 /
New York
Manufacturers Hanover Corporation, New York, New York,
requests permission to relocate an o f f i c e engaging in
the following a c t i v i t i e s (making or acquiring loans
and other extensions of c r e d i t , secured or unsecured,
such as would be made or acquired by a finance company
under Connecticut law; and o f f e r i n g credit-related
l i f e insurance and credit accident and health insurance)
from 600 N. Colony Street, Wallingford, Connecticut to
5 Main Street, West Hartford, Connecticut, through i t s
subsidiary, Manufacturers Hanover Financial Services,
Inc. (6/12/83) 3/
Cleveland
PNC Financial Corp, Pittsburgh, Pennsylvania, n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s (making or
acquiring and servicing f o r i t s own account and/or the
account of others, loans and other extensions of c r e d i t )
i n the metropolitan area of Anchorage, Alaska, through
i t s subsidiary, Kissel1-Alaska, Inc. (6/16/83) 3/
Richmond
Southern Bancorporation, I n c . , Greenville, South Carolina,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
(making extensions of c r e d i t as a licensed consumer
finance lender; acting as agent for credit l i f e and
c r e d i t accident insurance w r i t t e n in connection with
JJ
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
I
H.2, 1983 No. 24
-
12 -
ACTIONS OF THE BOARD - Continued
such extensions of c r e d i t ; and acting as agent for
credit property insurance written solely in connection
with such extensions of c r e d i t ) at 12 West McBee
Avenue, Greenville, South Carolina, through i t s subs i d i a r y , World Acceptance Corporation (6/18/83) 3/
Richmond
Southern Bancorporation, I n c . , Greenville, South
Carolina, n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making extensions of credit as a licensed
consumer finance lender) at 321 East Main Street,
Nacogdoches, Texas, through i t s subsidiary, World
Acceptance Corporation (6/15/83) 3/
Richmond
Southern Bancorporation, I n c . , Greenville, South
Carolina, n o t i f i c a t i o n of intent to engage in
de novo a c t i v i t i e s (making extensions of credit
as a licensed consumer finance lender; acting as
agent for c r e d i t l i f e and c r e d i t accident insurance
w r i t t e n in connection w i t h such extensions of c r e d i t ;
and acting as agent for c r e d i t property insurance
w r i t t e n solely in connection w i t h such extensions
of c r e d i t ) at 1830 Sumter Street, Columbia, South
Carolina, through i t s subsidiary, World Acceptance
Corporation
(6/15/83) 3/
Chicago
Citizens Bancorporation, Sheboygan, Wisconsin,
n o t i f i c a t i o n of intent to engage i n de novo
a c t i v i t i e s (making and acquiring loans and other
extensions of c r e d i t for i t s own account or for
the account of others) at 801 East Walnut, Green
Bay, Wisconsin, the geographic area to be served
w i l l be Wisconsin and the upper peninsula of
Michigan, through i t s subsidiary, Citizens
Mortgage Company, Inc. (6/13/83) 3/
Chicago
DeKalb Bancorp, I n c . , De Kalb, I l l i n o i s , n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s ( i n
underwriting c r e d i t l i f e insurance and health and
accident insurance related to extensions of c r e d i t )
in De Kalb, I l l i n o i s , the geographic scope w i l l be
De Kalb County, I l l i n o i s , through i t s subsidiary,
Security L i f e Insurance Company (6/13/83) 3/
37
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 Ho. 24
- i3 ACTIONS OF THE BOARD - Continued
Chicago
Geiger Corporation, Edina, Minnesota, n o t i f i c a t i o n of
intent to engage d i r e c t l y in acquiring for i t s own
account loans and other extensions of c r e d i t through
loan p a r t i c i p a t i o n agreements with other financial
i n s t i t u t i o n s ; the geographic area to be served w i l l
be the states of Iowa and Minnesota (6/14/83) 3/
St, Louis
Union Planters Corporation, Memphis, Tennessee, n o t i f i c a t i o n
of intent to engage i n de novo a c t i v i t i e s ( i n the business
of a t r u s t company organized under the laws of the state
of Arkansas, including a c t i v i t i e s of a f i d u c i a r y agency
or custodial nature, such as acting as executor or
administrator of estates as trustee under both i n t e r
vivos and testamentary t r u s t s , and as guardian or curator
of any infant or incompetent person or his estate under
court appointment, administering agency and custodial
accounts o f f e r i n g both s e l f - d i r e c t e d and trustee-directed
IRA accounts, retirement plans for the self-employed,
pension, p r o f i t - s h a r i n g and t h r i f t plans and T a f t Hartley plans, and offerings to individuals, firms
and foundations investment recommendations and
management) in L i t t l e Rock, Arkansas, serving
Pulaski County, Arkansas, and the counties of Lonoke,
Grant, Faulkner, Perry and Saline in Arkansas, a
s p e c i f i c location for the o f f i c e of the proposed
t r u s t company has not been selected, but Applicant
intends that the proposed t r u s t company should lease
suitable f a c i l i t i e s in L i t t l e Rock, through i t s subs i d i a r y , Investors Trustcorp., Inc. (6/13/83) 3/
Kansas
Los Hacendados, I n c . , Clayton, New Mexico, n o t i f i c a t i o n
of intent to engage i n de novo a c t i v i t i e s ( i n the
sale of general insurance in a town w i t h a population
not exceeding 5,000) in the town of Clayton, serving
a l l of Union County, New Mexico, through a subsidiary,
F i r s t Insurance Agency, Inc. (6/15/83) 3/
City
San
Francisco
37
—
Central Pacific Corporation, Bakers f i e l d , C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s
( i n data processing of financial and banking data of
a f f i l i a t e d companies and others, and in management
consulting t o a f f i l i a t e d and n o n - a f f i l i a t e d bank and
non-bank depository i n s t i t u t i o n s ) at 5055 California
Avenue, Suite 101, Bakersfield, C a l i f o r n i a , serving
the states of C a l i f o r n i a and Arizona, through i t s
subsidiary, CPC Financial Corporation (6/17/83) 3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
K?,
- 14 ACTIONS OF THE BOARD - Continued
San
f rano v o
f ranti sco
San
Francisco
Tj
F i r s t Security Corporation, Salt Lake C i t y , Utah,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
kn o f f e r i n g t h r i f t savings accounts and t h r i f t
c e r t i f i c a t e s ; engaging in the business of making
consumer, business and mortgage loans; engaging in
tne business of lease financing; to engage in the
a c t i v i t i e s as an agent of s e l l i n g credit l i f e and
c r e d i t d i s a b i l i t y insurance related to extensions
of c r e d i t , where the insurance is l i m i t e d to assuring
repayment of the outstanding balance due on a specific
extension of c r e d i t in the event of death, d i s a b i l i t y or involuntary unemployment of the debtor,
pursuant to Section 601(A) of the Garn-St. Germain
Depository i n s t i t u t i o n s Act of 1982) at 2080 East
4800 South, Salt Lake County, Utah, the o f f i c e
w i l l serve the southeastern portion of Salt Lake
County, through i t s subsidiary, F i r s t Security
f i n a n c i a l (6/17/83) 3/
Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent t o engage i n de novo a c t i v i t i e s
( i n the o r i g i n a t i o n and acquisition of mortgage loans,
including development and construction loans on mult i family and commercial properties for Security Pacific
Mortgage Corporation's own account or for sale to
others; and the servicing of such loans for others)
at 350 East 500 South, Salt Lake C i t y , Utah, through
i t s subsidiary. Security Pacific Mortgage Corporation
(6/14/83) If
Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
( i n the o r i g i n a t i o n and acquisition o f mortgage loans,
including development and construction loans on
multt-faenly and commercial properties f o r Security
Pacific Mortgage Corporation's own account or for
sale to others; and the servicing of such loans for
others) at 2851 South Parker Road, Suite 970, Aurora,
Colorado, serving the State of Colorado, through i t s
subsidiary. Security Pacific Mortgage Corporation
16/34/83)
4(c)(6) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H. , 1983 No. 24
-15APPLICAT10NS RECEIVED
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
New York
Chemical Bank, New York, New York. To establish branch
offices at the following ten locations: 590 Madison
Avenue, New York, New York; 1133 Westchester Avenue,
White Plains, New York; 1000 Westchester Avenue,
White Plains, New York; 900 King Stret, Port Chester,
New York; Long Meadow Road, Sterling Forest, New York;
44 South Broadway, White Plains, New York; Route #9,
North Tarrytown, New York; Route 134/Kitchawan,
Yorktown Heights, New York; 2000 Purchase Street,
Purchase, New York. 2/
New York
The Merchants Bank of New York, New York, New York, To
establish a branch at 1040 Avenue of the Americas,
New York, New York. 2/
Richmond
First Virginia Bank - Colonial, Richmond, Virginia. To
establish a branch on the east side of North Washington
Highway, north of the Ashland/Hanover Shopping Center,
Ashland, Virginia. 2/
Atlanta
Flagship Bank of Tampa, Tampa, Florida. To establish an
ATM located at the N.W. corner of Ehrlich Road and
Hutchinson Road, Block of Ehrlich Road, Tampa, Florida. 27
Chicago
Peoples Bank & Trust Company, Cedar Rapids, Iowa. To
establish an EFT at Mercy Hospital, Cedar Rapids,
Iowa. 2/
Chicago
Harris Trust and Savings Bank, Chicago, I l l i n o i s . To
establish an EFT at 141 W. Jackson, Chicago, I l l i n o i s . 2]
*
Tj
*
*
*
*
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, 1983 No. 24
- 16 APPLICATIONS RECEIVED - Continued
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections
25 and 25(a) of the Federal Reserve Act and Sections
4(c)(9) and 4(c)(13) of the Bank Holding Company
Act of 1956, as amended
New York
Morgan Guaranty International Finance Corporation,
New York, New York: p r i o r n o t i f i c a t i o n of intent
to acquire additional shares of Bank of Commerce
Berhad, Kuala Lumpur, Malaysia.
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Richmond
F i r s t Bancorp of Wayne, I n c . , Sprague, West V i r g i n i a ,
for approval to acquire 100 percent of the voting
shares of F i r s t National Bank of Kenova, Kenova,
West V i r g i n i a . 2/
Atlanta
East Coast Bank Corporation, Ormond Beach, Florida,
for approval to acquire at least 98.23 percent of
the voting shares of Bank at Ormond By-The-Sea,
Ormond Beach, F l o r i d a , a proposed new bank. 2/
Atlanta
F i r s t Bank Holding Company, Sylvester, Georgia, f o r
approval to acquire at least 80 percent of the
voting shares of Sylvester Bank Company, Sylvester,
Georgia. It
Atlanta
F i r s t National Corporation of Alexander C i t y , I n c . ,
Alexander C i t y , Alabama, for approval to acquire
at least 80 percent of the voting shares of The
F i r s t National Bank of Alexander C i t y , Alexander
C i t y , Alabama. 2/
Atlanta
Loudon County Bancshares, I n c . , Lenoir C i t y , Tennessee,
for approval to acquire 100 percent of the voting
shares of Bank of Loudon County, Lenoir C i t y ,
Tennessee. 2/
Tj
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1983 No. 24
- 17
APPLICATIONS RECEIVED - Continued
Atlanta
P8G Financial Services, I n c . , Graceville, Florida,
for approval to acquire at least 80 percent of the
voting shares of Peoples Bank of Graceville,
Graceville, F l o r i d a . 2/
Chicago
Cole-Taylor Financial Group, I n c . , Chicago, I l l i n o i s ,
for approval to acquire 99 percent of Main Bank of
Chicago, Chicago, I l l i n o i s , 99 percent of Bank of
Yorktown, Lombard, I l l i n o i s , and 80 percent of Skokie
Trust & Savings Bank, Skokie, I l l i n o i s . 2/
S t . Louis
Farmers 8 Merchants Bancshares, I n c . , Wright C i t y ,
Missouri, f o r approval to acquire at least 96 percent
of the voting shares of Farmers and Merchants Bank
of Wright C i t y , Wright C i t y , Missouri. 2/
St. Louis
HNB Bancorp, I n c . , H i l l s b o r o , I l l i n o i s , for approval
to acquire 100 percent of the voting shares of the
successor by merger to The Hillsboro National Bank,
Hi!Isboro, I l l i n o i s . 2/
S t . Louis
W.B.T. Holding Company, Memphis, Tennessee, for approval
to acquire at least 80 percent of the voting shares
of Central Trade Bank, Memphis, Tennessee. 2/
Minneapolis
McGregor Banco, I n c . , McGregor, Minnesota, f o r approval
to acquire 83.93 percent of the voting shares of
State Bank of McGregor, McGregor, Minnesota, a proposed
new bank. 2/
Kansas City
Columbine Bankshares, L t d . , Denver, Colorado, f o r approval
to acquire 100 percent of the voting shares of Columbine
Valley Bank & Trust Company, L i t t l e t o n , Colorado,
a proposed new bank. 2j
Kansas City
Haysville Bancshares, I n c . , Haysvi1le, Kansas, f o r approval
to acquire at least 80 percent of the voting shares
of F i r s t National Bank, Haysville, Kansas, a proposed
new bank. 2/
Kansas City
Stanley Corp. Stanley, Kansas, f o r approval to acquire
99.48 percent of the voting shares of Stanley Bancshares,
I n c . , Stanley, Kansas, and i n d i r e c t l y State Bank of
Stanley, Stanley, Kansas. 2/
Yj
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1983 No. 24
- 18 APPLICATIONS RECEIVED - Continued
Dal las
F i r s t Sweetwater Bancshares, I n c . , Sweetwater, Texas,
for approval to acquire at least 80 percent of the
voting shares of The Texas Bank and Trust Company,
Sweetwater, Texas. 1}
San
Francisco
Marathon Bancorp, Los Angeles, C a l i f o r n i a , f o r approval
to acquire 100 percent of the voting shares of
Marathon National Bank, Los Angeles, C a l i f o r n i a , a
proposed new bank. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
New York
C i t i c o r p , New York, New York, for approval to acquire
at least 80 percent of the voting shares of the
successor by merger to American State Bank of Rapid
C i t y , Rapid c i t y , South Dakota. 2/
Cleveland
Banc One Corporation, Columbus, Ohio, for approval t o
acquire at least 100 percent of the voting shares
of F i r s t National City Bank of A l l i a n c e , Alliance,
Ohio. 2/
Atlanta
F i r s t American Corporation, Nashville, Tennessee, f o r
approval to acquire 100 percent of the voting shares
of F i r s t American Bank of Chattanooga, N.A.,
Chattanooga, Tennessee, a proposed new bank. 2J
Atlanta
Sun Banks of F l o r i d a , I n c . , Orlando, Florida, for
approval to acquire 100 percent of the voting shares
of Florida State Bank of Tallahassee, Tallahassee,
F l o r i d a . 2/
Chicago
Ames National Corporation, Ames, Iowa, for approval to
acquire at least 95 percent of the voting shares of
State Bank & Trust Co., Nevada, Iowa. 2/
Minneapolis
Dakota Bankshares, I n c . , Fargo, North Dakota, for
approval to acquire at least 80 percent of the voting
shares of Dakota Bank of Wahpeton, Wahpeton, North
Dakota, a proposed new bank. 2/
5/
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
I
H.2, 5983 No. 24
- 19
APPLICATIONS RECEIVED - Continued
Ml 'VH'd^O l i s
bt Sleepy Eye Bancorporation, I n c . , Sleepy Eye,
S nnesota, for approval to acquire at least
d3.3 percent of the voting shares of the State
Bank of B u t t e r f i e l d , B u t t e r f i e l d , Minnesota. 2/
Kansas C»?v
Columbus Corp., Columbus, Kansas, f o r approval to
acquire 100 percent of the nonvoting shares of
Stanley Corp., Stanley, Kansas, and i n d i r e c t l y
State Bank of Stanley, Stanley, Kansas. 2!
Oalle$
American Southwest Bancshares, I n c . , El Paso, Texas,
for approval to acquire 100 percent of the voting
shares of American Bank of Commerce East, N.A.,
-1 Paso, Texas, a proposed new bank. 2/
To Expand a Bank Holding Company Pursuant t o Section
4(c)(8> of the Bank Holding Company Act of 1956
Boston
BankEast Corporation, Manchester, New Hampshire,
n o t i f i c a t i o n of intent to engage i n de novo
a c t i v i t i e s ( i n the provision of t r u s t services,
including a c t i v i t i e s of a f i d u c i a r y , investment
advisory, agency or custodial nature) i n Manchester
and Rochester, these a c t i v i t i e s would be conducted
in the state of New Hampshire, through i t s subs i d i a r y , BankEast Trust Company (6/14/83)
Boston
tiST Corp., Boston, Massachusetts, n o t i f i c a t i o n of
intent to engage i n de novo a c t i v i t i e s ( i n prov i d i n g a t o t a l analysis of the c l i e n t ' s financial
p i c t u r e , including analysis and recommendation
of appropriate investments; furnishing general
economic information and advice, s t a t i s t i c a l
forecasting services and industry studies; and
making general f i n a n c i a l planning recommendations)
in the Gulfstream B u i l d i n g , 8751 West Broward
Boulevard, Suite 200, Ft. Lauderdale, Florida,
serving a l l of F l o r i d a , through i t s subsidiary,
FCA Corp. (6/15/83)
17
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
a« to the lemttb •<! the comment period.
APPLICATIONS RECEIVED - Continued
Barclays Bank PLC and Barclays Bank International
Limited, London* England, request permission to
establish a de novo office engaging i n the
following activities (reinsurance or underwriting
of credit l i f e and credit accident and health
insurance in Delaware; such insurance w i l l be
sold in connection with extensions of c r e d i t )
through their subsidiary, Citidel Life Insurance
Company (6/6/83)
Deutsche Bank AG, Frankfurt, Germany, requests
permission to relocate an office engaging in the
following activities (provides dealers of a f f i l i a t e s
of Daimler-Benz AG in the United States and Canada
with wholesale financing in the form of loans to
finance dealers inventories secured by such inventories and provides customers of a f f i l i a t e s
of Daimler-Benz AG in the United States and Canada
and their dealers with r e t a i l financing consisting
of purchases by the company from such a f f i l i a t e s
and their dealers of r e t a i l installment obligations
purchased by the customer, of purchases of lease
receivables and dealer rental receivables in respect
of equipment purchased by the customer, of purchases
of lease receivables and dealer rental receivables
in respect of the equipment leased by the customer
and of f u l l payout leasing of products of such
a f f i l i a t e s and such dealers; in connection therewith,
the company facilitates the making available through
an independent insurance agent of credit l i f e ,
accident and physical damage insurance) from 7931
Northeast Halsey, Portland, Oregon to 1815 Southwest
Marlow Avenue, Portland, Oregon, through its subsidiary, Mercedes-Benz Credit Corporation (6/17/83)
European American Bancorp, New York, New York, for
approval to engage through i t s wholly-owned subsidiary,
Doman & Wilson, Inc., White Plains, New York, in
arranging equity financing.
Horizon Bancorp, Morristown, New Jersey, requests permission to establish a de novo office engaging i n the
following activities (making or acquiring, for i t s
own account or for the account of others, loans and
other extensions of credit [including issuing l e t t e r s
of credit and accepting drafts], such as would be
made, for example, by a mortgage, finance, credit
card or factoring company; leasing personal property
H.2, 1983 No. 24
- 21 APPLICATIONS RECEIVED - Continued
or acting as broker or advisor in leasing such
property such leases meet the c r i t e r i a of Section
225.4(a)(6)) at 355 Settlers Road, Holland,
Michigan, through i t s subsidiary, Horizon CreditCorp (6/15/83)
New York
Manufacturers Hanover Corporation, New York, New York,
requests permission to establish a de novo o f f i c e
engaging i n the following a c t i v i t i e s (consumer
finance i n c l u d i n g , but not l i m i t e d t o , the extension
of d i r e c t loans, secured or unsecured, t o consumers
and the purchase of sales finance contracts; servicing
such loans and other extensions of c r e d i t ; and acting
as agent or broker for the sale of credit single and
j o i n t l i f e insurance and decreasing or level term
[ i n the case of single payment loans] credit l i f e
insurance, and c r e d i t accident, health, and property
insurance d i r e c t l y related to extensions of credit
made or acquired by Finance One) at 141 S. Lake
Avenue, Pasadena, C a l i f o r n i a , through i t s subsidiary,
Finance One of C a l i f o r n i a , Inc. (6/16/83)
New York
Norstar Bancorp I n c . , Albany, New York, requests permission to expand the service area engaging in the
following a c t i v i t i e s (making of leases of personal
property and equipment for commercial and consumer
use and to act as agent, broker or advisor in leasing
such property) at Norstar Building, 1450 Western Avenue,
Albany, New York, to include the states of New York,
New Jersey, Pennsylvania, Vermont, New Hampshire,
Maine, Massachusetts, Connecticut and Rhode Island,
through i t s subsidiary, Norstar Leasing services
Inc. (6/15/85)
New York
Norstar Bancorp I n c . , Albany, New York, requests permission to expand the service area engaging in the
following a c t i v i t i e s (providing information and data
processing services for the internal operations of
Norstar Bancorp and i t s subsidiaries) at Norstar
Building, 1450 Western Avenue, Albany, New York
to include the states of New York and Maine through
i t s subsidiary, Norstar Data Services Inc. (6/15/83)
New York
Norstar Bancorp I n c . , Albany, New York, requests permission to expand the service area engaging in the
following a c t i v i t i e s (the making of motor vehicle
leases for commercial and consumer use and to act
as agent, broker or advisor in leasing such property)
at Norstar Building, 1450 Western Avenue, Albany,
H.2, 1983 No. 24
- 22 APPLICATIONS RECEIVED - Continued
New York, t o include the e n t i r e states of New York,
New Jersey, Pennsylvania, Vermont, New Hampshire,
Maine, Massachusetts, Connecticut and Rhode Island,
through i t s s u b s i d i a r y , Norstar Auto Lease Inc.
(6/15/83)
Cleveland
Society Corporation, Cleveland, Ohio, t o engage in
providing management consulting services to BancSystems Association, Rocky R i v e r , Ohio, a nondepository i n s t i t u t i o n .
Richmond
NCNB Corporation, C h a r l o t t e , North Carolina, n o t i f i c a t i o n
of i n t e n t to engage i n de novo a c t i v i t i e s (making or
acquiring loans or other extensions of c r e d i t such
as would be made by a commercial finance company,
including commercial loans secured by a borrower's
i n v e n t o r y , accounts receivable or other accounts,
and servicing such loans f o r others) i n Tampa,
F l o r i d a , through i t s s u b s i d i a r y , NChB Financial
Services, I n c . (6/15/83
Atlanta
F i r s t Atlanta Corporation, A t l a n t a , Georgia, for approval
to engage de novo through i t s subsidiary F i r s t Atlanta
Mortgage Corporation i n arranging equity financing
f o r income producing real property.
Atlanta
F i r s t National Bancorp of the South, I n c . , Opp, Alabama,
n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s
(consumer finance, loan s e r v i c i n g , personal property
leasing and sale of l i f e and accident and health
insurance) i n Opp, Alabama, serving the states of
Alabama and F l o r i d a , through i t s subsidiary, Finance
South, Inc. (6/6/83)
Atlanta
F i r s t National Corporation of Alexander C i t y , I n c . ,
Alexander C i t y , Alabama, for approval to engage
i n making d i r e c t loans to i n d i v i d u a l s , consumers
and businesses.
Atlanta
Intercontinental Bank Holding Company, Mi ami, Florida,
n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s
( i n making real estate appraisals of commercial,
r e s i d e n t i a l and i n d u s t r i a l properties) at 930
Washington Avenue, Suite 500, Miami Beach, F l o r i d a ,
serving the whole State of F l o r i d a , through i t s subs i d i a r y , South Florida Real Estate Services, I n c .
(6/6/83)
H.2, 1983 No. 24
-23 APPLICATIONS RECEIVED - Continued
Chicago
Associated Banc-Corp., Green Bay, Wisconsin, n o t i f i c a t i o n
of intent to engage i n de novo a c t i v i t i e s (mortgage
banking) at 600 East Northland Avenue, Appleton,
Wisconsin, the geographic scope w i l l be the State
of Wisconsin, through i t s subsidiary, Associated
Mortgage, Inc. (5/28/83)
Chicago
Heritage Wisconsin Corporation, Wauwatosa, Wisconsin,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
{ i n the sale of c r e d i t related involuntary unemployment
insurance) the geographic area to be served i s Southeast
Wisconsin, through an existing subsidiary, Heritage
Insurance Agency, Inc. (6/11/83)
Chicago
Correction:
The Y-4 application for Hometown Bancorporation, I n c . ,
Rock Island, I l l i n o i s , which was combined with a
Section 3(a)(1) application that appeared on H.2
No. 18, 1983 was i n c o r r e c t l y f i l e d .
Chicago
State Bancshares, I n c . , Schaller, Iowa, n o t i f i c a t i o n
of intent to engage i n de novo a c t i v i t i e s (making
or acquiring loans and other extensions of credit
such as would be made by a commercial finance company
and servicing such loans for others) the geographic
scope w i l l be the community of Schaller, Iowa (6/4/83)
Chicago
Walter E. Heller International Corporation, Chicago,
I l l i n o i s , for approval to engage de novo through
i t s existing subsidiary, Abacus Real Estate Finance
Co., Chicago, I l l i n o i s , in arranging equity financing
f o r commercial and industrial income-producing real
estate investors.
St. Louis
First City Corp., Fort Smith, Arkansas, n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s ( i n consumer and commercial finance a c t i v i t i e s , including
the extension of direct loans to consumers, the
discounting of r e t a i l installment notes or contracts,
the extension of direct loans to dealers for the
financing of inventory [ f l o o r planning] and working
c a p i t a l purposes and making or acquiring loans and other
extensions of c r e d i t such as could be made or acquired
by a consumer and commercial finance company i n Arkansas
and Oklahoma; and acting as agent for sale of l i f e ,
accident and health insurance d i r e c t l y related to i t s
extensions of c r e d i t ) at Phoenix Street and State Line
Road, Arkoma, Oklahoma, serving the standard metrop o l i t a n s t a t i s t i c a l area made up of 4 counties: LeFlore
H.2, 1983 No. 24
-24APPLICATIONS RECEIVED - Continued
and Sequoyah counties in Oklahoma, and Crawford and
Sebastian counties in Arkansas, t h i s geographical area
approximates a 25-mile radius of Arkoma, Oklahoma,
through i t s suosidiary* F i r s t City Financial Services,
Inc. (6/6/83)
Minneapolis
Norwest Corporation* Minneapolis, Minnesota, n o t i f i c a t i o n
of intent to engage i n de novo a c t i v i t i e s ( i n lending
and loan servicing a c t i v i t i e s including making or
acquiring* for i t s own account or for the account of
others* loans, real estate mortgages, or other
extensions of c r e d i t and servicing loans, real estate
mortgages, and other extensions of c r e d i t for any
person) at 1100 Lincoln Avenue, York, Nebraska,
serving Minnesota, Wisconsin, Iowa, South Dakota,
North Dakota, Montana, Nebraska, I l l i n o i s , Missouri,
Kansas, Colorado, Wyoming, Texas, Oklahoma, Idaho,
Washington, and Oregon, through i t s wholly-owned
subsidiary, Norwest Agricultural Credit, Inc. (6/10/83)
Minneapolis
Norwest Corporation, Minneapolis, Minnesota, n o t i f i c a t i o n
of intent to relocate de novo a c t i v i t i e s (consumer
finance* sales finance and commercial finance, the
sale of c r e d i t l i f e , c r e d i t accident and health and
property and c r e d i t related casualty insurance related
to extensions of c r e d i t by Norwest Financial North
Carolina* I n c . , Norwest Financial North Carolina 1,
Inc. and Norwest Financial America, Inc. [such sale
of c r e d i t - r e l a t e d insurance being a permissible a c t i v i t y
under Subparagraph D of T i t l e VI of the Garn - St
Germain Depository I n s t i t u t i o n s Act of 1982] and the
o f f e r i n g f o r sale and s e l l i n g of travelers checks)
t h i s n o t i f i c a t i o n is for the relocation within the
same c i t y of an existing o f f i c e of Norwest Financial
North Carolina, Inc. and Norwest Financial North
Carolina 1* I n c . i n Charlotte, North Carolina; and
requests permission to engage de novo in the a c t i v i t y
of commercial finance from said o f f i c e * as relocated;
a d d i t i o n a l l y by t h i s n o t i f i c a t i o n , Norwest Financial
America, I n c . , also a subsidiary of Norwest Corporation
proposes to engage de novo in commercial finance at
t h i s same relocated o f f i c e ; upon relocation, said
o f f i c e w i l l serve Charlotte, North Carolina* through
i t s subsidiaries* Norwest Financial North Carolina*
I n c . , Norwest Financial North Carolina 1* Inc.* and
Norwest Financial America (6/6/83)
H.2, 1983 No. 24
-25APPLICAT10NS RECEIVED - Continued
Dallas
First City Financial Corporation, Albuquerque, New
Mexico, notification of intent to engage i n de novo
activities (in mortgage banking a c t i v i t i e s including
the origination, selling and servicing of real estate
mortgage loans for i t s own account and the accounts
of others) these activities would be conducted i n
the states of New Mexico and West Texas from o f f i c e s
located in Artesia, Belen, Farmington, Las Cruces,
Rio Rancho, and Santa Fe, New Mexico, through i t s
subsidiary. First City Mortgage Company (6/15/83)
Dallas
RepublicBank Corporation, Dallas, Texas, n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s ( t o perform
activities that may be lawfully carried on by a
trust company, in the manner authorized by federal
and state law, including serving as trustee, providing stock transfer and registrar a c t i v i t i e s and
providing agency and custodial services) these
activities w i l l be performed in the State of Texas
and w i l l be conducted from offices located in Harris
County, Texas, San Antonio, Texas and Richmond,
Texas, through its subsidiary, RepublicBank Trust
Company (6/13/83)
San
Francisco
BankAmerica Corporation, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to expand de novo a c t i v i t i e s
(making or acquiring f o r i t s own account loans
and other extensions of c r e d i t such as would be made
or acquired by a finance company; servicing loans and
other extensions of c r e d i t ; and o f f e r i n g c r e d i t related l i f e insurance, c r e d i t - r e l a t e d accident and
health insurance and c r e d i t - r e l a t e d property insurance;
property insurance w i l l be offered only in Tennessee
as permitted under Section 56-6-20 of the Tennessee
Insurance Code; there w i l l be no property insurance
offered in e i t h e r the states of Arkansas or Mississippi;
the aforementioned types of c r e d i t - r e l a t e d insurance
are permissible under Section 4(c)(8)(A) and/or
4(c)(8)(D) of the Bank Holding Company Act of 1956,
as amended by the Garn-St Germain Depository I n s t i t u t i o n s
Act of 1982; such a c t i v i t i e s w i l l include, but not be
l i m i t e d t o , making consumer installment loans and loans
to businesses, purchasing installment sales finance
contracts, making loans and other extensions of credit
secured by real and personal property, and offering
c r e d i t - r e l a t e d l i f e , c r e d i t - r e l a t e d accident and health
and c r e d i t - r e l a t e d property insurance; c r e d i t - r e l a t e d
l i f e and c r e d i t - r e l a t e d accident and health insurance
may be reinsured by BA Insurance Company, I n c . , an
- 2 6 -
APPLICATIONS RECEIVED - Continued
a f f i l i a t e of each of the above named subsidiaries)
i n Memphis, Tennessee; Shreveport, Louisiana; and
Southaven, Misssissippi; both the Memphis and
Shreveport offices w i l l each serve the additional
state of Arkansas, the Southaven o f f i c e w i l l serve
the e n t i r e states of Mississippi, Arkansas and
Tennessee, through i t s four indirect subsidiaries,
FinanceAmerica Credit Corporation (a Delaware
corporation); FinanceAmerica Corporation (a Louisiana
corporation); FinanceAmerica Corporation (a Mississippi
corporation) and FinanceAmerica Industrial Plan Inc.
(a Mississippi corporation) (6/14/83)
F i r s t Interstate Bancorp, Los Angeles, California,
n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s
(leasing company a c t i v i t i e s by leasing personal
property which was acquired s p e c i f i c a l l y for the
leasing transaction, i n leases which are the functional
equivalent of extensions of c r e d i t ) at 707 Wilshire
Bouevard, Los Angeles, C a l i f o r n i a , serving the
United States, through i t s subsidiaries, F i r s t I n t e r state Leasing Services Company and F i r s t Interstate
Leasing, Inc. (6/18/83)
F i r s t Interstate Bancorp, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
( i n providing real estate appraisal services; real
estate investment advisory services to closed-end
pooled real estate funds that are registered investment companies; financial advisory services to state
and local governments regarding real estate investments
and development projects; real-estate-related management consulting to n o n a f f i l i a t e d depository i n s t i t u t i o n s ,
and real estate investment advisory services, general
economic advice, and industry studies to other persons)
at 630 F i f t h Avenue, New York, New York, serving New
York State and the Greater New York Metropolitan area,
through i t s subsidiary, Thomas L. Karsten & Associates
(6/17/83)
Rainier Bancorporation, Seattle, Washington, n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s (general
mortgage banking including, but not limited t o , making
or acquiring, for i t s own account or for the account
of others, loans and other extensions of c r e d i t secured
by liens on residential and non-residential real estate;
servicing loans and other extensions of c r e d i t for any
person; s e l l i n g mortgage loans in the secondary market
and o f f e r i n g mortgage term l i f e insurance, accident,
H.2, 1983 No. 24
-27APPLICATIONS RECEIVED - Continued
health and disability insurance directly related to
such lending and servicing activities) in Prescott
and Yuma, Arizona, serving the state of Arizona,
through its subsidiary, Rainier Mortgage Company
(6/14/83)
San
Francisco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
for approval to acquire substantially a l l the assets
of General Finance Service Corporation and i t s
wholly-owned subsidiary, The Budget Plan of V i r g i n i a ,
both located in Huntingdon, Pennsylvania.
San
Francisco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s
( i n making or acquiring, for i t s own account or for
others, loans and extensions of c r e d i t , including
making consumer installment personal loans, purchasing
consumer installment sales finance contracts, making
loans to small businesses and other extensions of
c r e d i t such as would be made by a factoring company
or consumer finance company, and acting as agent or
broker for the sale of c r e d i t l i f e , c r e d i t accident
and health and c r e d i t property insurance, such as
permitted pursuant to Section 601(A) and (D) of T i t l e
VI of the Garn-St Germain Act) in Mishawaka, Indiana,
serving the State of Indiana, through i t s subsidiary,
Security Pacific Finance Corp. (6/17/83)
San
Francisco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s
( i n providing data processing and data transmission
services, data bases or f a c i l i t i e s [including data
processing and data transmission hardware, software,
documentation, and operating personnel] for the
internal operations of the holding company or i t s
subsidiaries; and providing to others data processing
and transmission services, f a c i l i t i e s , data bases or
access to such services, f a c i l i t i e s , or data bases
by any technologically feasible means, where:
(a) data to be processed or furnished are f i n a n c i a l ,
banking, or economic, and the services are provided
pursuant to a written agreement so describing and
l i m i t i n g the services; (b) the f a c i l i t i e s are
designed, marketed, and operated for the processing
and transmission of f i n a n c i a l , banking, or economic
data; and (c) hardware i n connection therewith is
offered only in conjunction with software designed
and marketed for the processing and transmission of
f i n a n c i a l , banking, or economic data, and where the
general purpose hardware does not constitute more
H.2, 1983 No. 24
- 28 APPLICATIONS RECEIVED - Continued
more than 30 percent of the cost of any packaged
o f f e r i n g ) at 10089 Willow Creek Road, San Diego,
C a l i f o r n i a , serving the United States, through
i t s subsidiary, Security Pacific Information
Services, Inc. (6/14/83)
San
Francisco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s
( i n financing, leasing and servicing a c t i v i t i e s with
respect to personal property and equipment and real
property) at 333 South Hope S t r e e t , Los Angeles,
C a l i f o r n i a , serving the United States, through i t s
subsidiary, Security Pacific Public Finance, Inc.
(6/14/83)
San
Francisco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
( i n making or acquiring, f o r i t s own account or for
the account of others, loans and extensions of c r e d i t ,
including making consumer installment personal loans,
purchasing consumer installment sales finance contracts,
making loans to small businesses and other extensions
of c r e d i t such as would be made by a factoring company
or a consumer finance company, and acting as broker
or agent for the sale of c r e d i t l i f e , credit accident
and health and credit property insurance, such insurance a c t i v i t i e s being permitted pursuant to Section
601 (A) and (D) of T i t l e VI of the Garn-St Germain
Act) at the Aviation Hal 1, Route 254, Glens F a l l s ,
New York, serving the State of New York, through i t s
subsidiaries, Security Pacific Finance Corp. and SPF
Credit Services, Inc. (6/18/83)
San
Francisco
United Bancorporation Alaska, I n c . , Anchorage, Alaska,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
(making or acquiring loans and other extensions of
c r e d i t such as would be made by a mortgage company
and/or commercial financial company including: real
estate construction loans, both commercial and
r e s i d e n t i a l ; real estate residential term loans;
commercial loans secured by a borrower's inventory,
accounts receivable, or other assets: and installment
consumer loans; and b) servicing such loans for others,
in accordance with the Board's Regulation Y; and
c) acting as agent or broker for credit-related l i f e ,
accident, health or unemployment insurance; pursuant
1983 No. 24
-29APPL1CATI0NS RECEIVED - Continued
to Section 601(A) of T i t l e VI of the Garn-St Germain
Act) at 645 G. Street, Anchorage, Alaska, serving
the State of Alaska, through i t s subsidiary, DBA
Mortgage Company, Inc. (6/16/83)
REPORTS RECEIVED
Proxy Statement (Special Meeting) Filed Pursuant to
Section 14(a) of the Securities Exchange Act
Heritage Bank & Trust
Norfolk, Virginia
Independent Bank & Trust Co.
West Trenton, New Jersey
Ownership Statement Filed Pursuant to Section 13(d)
of the Securities Exchange Act
Bank of the Commonwealth
Deroit, Michigan
(Filed by Comerica Corp.)
Detroit, Michigan
PETITIONS FOR RULEMAKING
None.
@FedFRASER