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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1981 No.25
A c t i o n s of t h e Board; A p p l i c a t i o n s and R e p o r t s
Received During t h e Week Ending June 20, 1981
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
R e g u l a t i o n T, p r o p o s a l to amend R e g u l a t i o n T to e s t a b l i s h
margin r e q u i r e m e n t s f o r o p t i o n s on exempted debt s e c u r i t i e s ;
comment r e q u e s t e d by August 3 (Docket No R-0082).
R e g u l a t i o n s D and Q, amendments r e g a r d i n g r e s e r v e r e q u i r e ments and payments of i n t e r e s t on d e p o s i t s t o permit t h e
e s t a b l i s h m e n t of I n t e r n a t i o n a l Banking F a c i l i t i e s (iBFs)
in t h e United S t a t e s (Docket No. R-0214).
R e g u l a t i o n s T and U, proposed amendments c o n c e r n i n g margin
r e q u i r e m e n t s ; t h e Board r e q u e s t e d comment by September 15,
1981 (Docket No. R-0362).
R e g u l a t i o n Y, proposed amendment to i n c l u d e the i s s u a n c e of
t r a v e l e r s checks in the l i s t of nonbanking a c t i v i t i e s
p e r m i s s i b l e f o r bank h o l d i n g companies; t h e Board i n v i t e d
comment by August 31, 1981 (Docket No. R-0361)
Appointment of Mr. William W. Wiles as S e c r e t a r y of the Board,
e f f e c t i v e immediately.
L e t t e r s e n t to Commodity F u t u r e s Trading Commission commenting on p r o p o s a l s by t h e Chicago Board of T r a d e , t h e Chicago
M e r c a n t i l e Exchange, and t h e New York F u t u r e s Exchange to
e s t a b l i s h markets f o r f u t u r e s c o n t r a c t s t h a t s p e c i f y
d e l i v e r y of E u r o d o l l a r s .
Dallas
Bant ex B a n c s h a r e s , I n c . , Houston, T e x a s , e x t e n s i o n of time t o
J u l y 18, 1981, w i t h i n which to consummate the a c q u i s i t i o n of
G r e a t e r Houston Bank, Houston, T e x a s . JL/
San
Francisco
C a l i f o r n i a P a c i f i c C o r p o r a t i o n , Bakers f i e l d , C a l i f o r n i a , e x t e n s i o n of t i m e w i t h i n which to become a bank h o l d i n g company
through a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of
American N a t i o n a l Bank, Bakers f i e l d , C a l i f o r n i a . • 1/
1/ A p p l i c a t i o n processed on b e h a l f of the Board of Governors under d e l e g a t e d
authority.
i
H . 2 , 1931 ^o. 25
2
-
ACTIONS OF THE BOARD-Continued
Atlanta
CBC Bancorp, I n c . , C o o k e v i l l e , T e n n e s s e e , e x t e n s i o n of time
u n t i l September 15, 1981, w i t h i n vfaich to become a bank
h o l d i n g company through a c q u i s i t i o n of shares of C i t i z e n s
Bank, C o o k e v i l l e , T e n n e s s e e . \J
Atlanta
Clayton B a n c s h a r e s , I n c . , C l a y t o n , Alabama, e x t e n s i o n of time
u n t i l September 16, 1981, w i t h i n which to become a bank h o l d ing company through the a c q u i s i t i o n of the Clayton Banking
Company, C l a y t o n , Alabama, and to engage in g e n e r a l i n s u r a n c e
and consumer f i n a n c i n g a c t i v i t i e s . If
Chicago
Commercial Chicago C o r p o r a t i o n , C h i c a g o , I l l i n o i s , e x t e n s i o n of
time to October 7, 1981, w i t h i n which to become a bank h o l d ing company through a c q u i s i t i o n of 100 percent of t h e v o t i n g
s h a r e s of Commerical N a t i o n a l Bank of Chicago, Chicago,
I l l i n o i s . J.J
Atlanta
F i r s t Englewood Bank C o r p . , Englewood, F l o r i d a , e x t e n s i o n of
time u n t i l September 25, 1981, w i t h i n which to become a
bank h o l d i n g company through a c q u i s i t i o n of Englewood Bank
and T r u s t , Englewood, F l o r i d a . \J
Atlanta
F l o r i d a B a n k s h a r e s , I n c . , Hollywood, F l o r i d a , e x t e n s i o n of time
u n t i l September 15, 1981, w i t h i n Wiich to consummate t h e o r d e r
g r a n t i n g a p p r o v a l to a c q u i r e The F i r s t N a t i o n a l Bank of S e b r i n g ,
S e b r i n g , F l o r i d a . If
Chicago
IDA GROVE BANCSHARES, INC., I d a Grove, Iowa, e x t e n s i o n of
time t o August 3 , 1981, w i t h i n trfiich to become a bank h o l d i n g
company through the a c q u i s i t i o n of 95 p e r c e n t or more of the
v o t i n g s h a r e s of I d a County S t a t e Bank, Ida Grove, Iowa. 1/
Dallas
N a t i o n a l Bancshares C o r p o r a t i o n of Texas, San Antonio, Texas,
e x t e n s i o n of time t o September 1 1 , 1981, w i t h i n which t o
consummate the a c q u i s i t i o n of Republic National Bank of A u s t i n ,
A u s t i n , T e x a s . 1/
Kansas C i t y
ONB Bancorp, I n c . , Chickasha, Oklahoma, e x t e n s i o n of time to
September 12, 1981, w i t h i n v*iich to consummate the a c q u i s i t i o n
of Oklahoma N a t i o n a l Bank and T r u s t Company, Chickasha,
Oklahoma. If
Cleveland
Peoples Bancorp, I n c . , M a r i e t t a , O h i o , e x t e n s i o n of time w i t h i n
which to a c q u i r e The F i r s t N a t i o n a l Bank of C a l d w e l l , C a l d w e l l ,
Ohio. 1/
If A p p l i c a t i o n processed on b e h a l f of the Board of Governors under d e l e g a t e d
authority.
H . 2 , 1981 No. 25
- 3 ACTIONS OF THE BOARD-Cont inued
San
Francisco
BankAmerica I n t e r n a t i o n a l , San F r a n c i s c o , C a l i f o r n i a , e x t e n s i o n of time i n which to e s t a b l i s h a b r a n c h e s in A t l a n t a ,
G e o r g i a ; Boston, M a s s a c h u s e t t s and S t . L o u i s , M i s s o u r i . J 7
Cleveland
C i t i z e n s S t a t e Bank, S i l v e r t o n , Ohio, e x t e n s i o n of t i m e w i t h i n
which to e s t a b l i s h a branch a t F i e l d s E r t e l and Montgomery
Roads, S o m e r s e t , Ohio. \J
Chicago
Hendricks County Bank and T r u s t Company, Brownsbury, I n d i a n a ,
to i n v e s t in bank p r e m i s e s . 1/
Atlanta
C o a s t a l Bank, H i n e s v i l l e , G e o r g i a , p r o p o s a l to merge w i t h long
S t a t e Bank, Ludowici, G e o r g i a ; r e p o r t t r a n s m i t t e d to t h e
F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on can pet i t ive f a c t o r s .
V
Atlanta
F i r s t N a t i o n a l Bank of Cobb County, M a r i e t t a , G e o r g i a , proposed
merger with I n t e r i m Cobb Bank, M a r i e t t a , G e o r g i a ; r e p o r t
t r a n s m i t t e d to the C o m p t r o l l e r of the Currency on c o m p e t i t i v e
f a c t o r s . _1/
Chicago
J a c k s o n S t a t e Bank and T r u s t Company, Maquoketa, Iowa, a p p l i c a t i o n f o r p r i o r approval to merge with JSB S t a t e Bank and
T r u s t Company, Maquoketa, Iowa, under the c h a r t e r of JSB Bank
and T r u s t Company, and t h e t i t l e of Jackson S t a t e Bank and
T r u s t Company, Maquoketa, Iowa; r e p o r t t r a n s m i t t e d to the
F e d e r a l Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s .
1/
Dallas
Josey N a t i o n a l Bank, C a r r o l I t o n , Texas, proposed merger w i t h
C a r r o l l t o n F i r s t N a t i o n a l Bank, C a r r o l l t o n , Texas; r e p o r t
t r a n s m i t t e d t o the C o m p t r o l l e r of .the Currency on c o m p e t i t i v e
factors. J7
Chicago
Mt. Zion S t a t e Bank, Mount Z i o n , 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
a p p r o v a l t o merge with MZB Bank, Mount Z i o n , I l l i n o i s , under
t h e c h a r t e r of MZB Bank, and t i t l e of Mt. Zion S t a t e Bank,
Mount Z i o n , I l l i n o i s ; r e p o r t t r a n s m i t t e d to t h e F e d e r a l Deposit
I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/
Dallas
Republic N a t i o n a l Bank of A u s t i n , A u s t i n , Texas, proposed merger
w i t h R e p u b l i c Bank of Commerce, N . A . , A u s t i n , T e x a s ; r e p o r t
t r a n s m i t t e d to t h e Comptroller of t h e Currency on c o m p e t i t i v e
f a c t o r s . 1/
JL/ A p p p l i c a t i o n processed on behalf of the Board of Governors under d e l e g a t e d
author!ty.
i
H.2, 1981 No. 25
4 ACTIONS OF THE BOARD-Continued
Chicago
Roscommon S t a t e Bank, Roscommon, Michigan, a p p l i c a t i o n f o r
p r i o r approval to merge with RSB S t a t e Bank, Roscommon,
Michigan, under the c h a r t e r of The Roscommon S t a t e Bank,
Roscommon, Michigan, and the t i t l e of The Roscommon S t a t e
Bank, Roscommon, Michigan; r e p o r t t r a n s m i t t e d t o the F e d e r a l
Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . _L/
Chicago
SNB Bank and T r u s t , B a t t l e Creek, Michigan, a p p l i c a t i o n f o r
p r i o r a p p r o v a l to merge with DBT S t a t e Bank, B a t t l e Creek,
Michigan, under the c h a r t e r of SNB Bank and T r u s t , B a t t l e
Creek, M i c h i g a n , and t h e t i t l e of SNB Bank and T r u s t , B a t t l e
Creek, Michigan; r e p o r t t r a n s m i t t e d t o the F e d e r a l Deposit
I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . \J
Chicago
S t a t e Bank of Woodstock, Woodstock, 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 a p p r o v a l to merge with SBW Bank of Woodstock, Woodstock,
I l l i n o i s , under the c h a r t e r of SBW Bank of Woodstock,
Woodstock, I l l i n o i s , and the t i t l e of The S t a t e Bank of
Woodstock, Woodstock, I l l i n o i s ; r e p o r t t r a n s m i t t e d to the
F e d e r a l Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s .
jy
Atlanta
Sun Bank of J a c k s o n v i l l e , J a c k s o n v i l l e , F l o r i d a , proposed
merger w i t h Beach Guaranty Bank, J a c k s o n v i l l e Beach, F l o r i d a ;
r e p o r t t r a n s m i t t e d to the F e d e r a l Deposit I n s u r a n c e C o r p o r a t i o n
on c o m p e t i t i v e f a c t o r s . 1/
Richmond
V i r g i n i a N a t i o n a l Bank, N o r f o l k ,
with Old Colony Bank and T r u s t
Williamsburg, Virginia; report
of t h e Currency on c o m p e t i t i v e
V i r g i n i a , proposed merger
Company of W i l l i a m s b u r g ,
t r a n s m i t t e d t o the C o m p t r o l l e r
factors. V
1/ A p p l i c a t i o n processed on behalf of the Board of Governors under d e l e g a t e d
authority.
H . 2 , 1981 No. 25
5 ACTIONS OF THE BOARD-Continued
To Become a Member of t h e F e d e r a l R e s e r v e System
P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l R e s e r v e Act
Minneapolis
Approved
New Montana Bank, G r e a t F a l l s , Montana. J L /
Kansas C i t y
R i v e r t o n S t a t e Bank, R i v e r t o n , Wyoming. 1/
v* * * * *
I s s u e d I n t e n t Not to D i s a p p r o v e Change of C o n t r o l
P u r s u a n t t o Change i n Bank C o n t r o l Act of 1978
Minneapolis
Not D i s a p p r o v e d
Greenbush B a n c s h a r e s , I n c . , Greenbush, M i n n e s o t a . 1/
Minneapolis
The Harlem C o r p o r a t i o n , H a r l e m , Montana. JL/
Kansas City
T o r r i n g t o n N a t i o n a l Company, T o r r i n g t o n , Wyoming. J J
* * * * *
To Merge P u r s u a n t t o S e c t i o n 1 8 ( c ) of t h e F e d e r a l
Deposit Insurance Act.
Minneapolis
Approved
F i r s t I n t e r s t a t e Bank of G r e a t F a l l s , G r e a t F a l l s , Montana,
t o merge w i t h New Montana Bank, G r e a t F a l l s , Montana. 1/
* * * * *
To E s t a b l i s h a Domestic Branch P u r s u a n t t o S e c t i o n 9
of t h e F e d e r a l R e s e r v e Act
Bos ton
Approved
The C o n n e c t i c u t Bank and T r u s t Company, H a r t f o r d , C o n n e c t i c u t ,
t o e s t a b l i s h a branch i n t h e v i c i n i t y of the i n t e r s e c t i o n of
t h e i n t e r s e c t i o n of G i s e l l a Avenue and Main S t r e e t , T r u m b u l l ,
C o n n e c t i c u t . 1/
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under d e l e g a t e d
authority.
a
H . 2 , 1981 No. 25
— 6
—
ACTIONS OF THE BOARD-Continued
New York
The Bank of New York, New York, New York, t o e s t a b l i s h an
o f f s i t e e l e c t r o n i c f a c i l i t y 167 f e e t south of t h e s o u t h e a s t
c o r n e r of t h e i n t e r s e c t i o n of Delaware Avenue and Nash Road,
V i l l a g e of Kenmore, E r i e C o u n t y , New York. JL/
Philadelphia
G i r a r d Bank, Bala Cynwyd, P e n n s y l v a n i a , t o e s t a b l i s h a branch
o f f i c e t o be l o c a t e d a t t h e V i l l a g e S h i r e s Shopping C e n t e r
Buck and E a s t Holland Roads, H o l l a n d , P e n n s y l v a n i a . 1/
Philadelphia
G i r a r d Bank, Bala Cynwyd, P e n n s y l v a n i a , to e s t a b l i s h o f f s i t e
e l e c t r o n i c f a c i l i t i e s a t t h e f o l l o w i n g l o c a t i o n s : Cheyney
S t a t e C o l l e g e , Cheyney, Pa; 1201 West C h e s t e r P i k e , West
C h e s t e r , P a ; 1500 G a r r e t Road, Upper Darby, Pa; D e l a i r e
L a n d i n g , 9456 S t a t e Road, P h i l a d e l p h i a , P a . and The Shop R i t e
S t o r e , F r a n k f o r t Avenue and Knopp S t r e e t , P h i l a d e l p h i a , P a .
1/
San
Francisco
Utah I n d e p e n d e n t Bank, S a l i n a , U t a h , t o e s t a b l i s h a branch
o f f i c e t o be l o c a t e d i n B e a v e r , Beaver County, U t a h . _1/
San
Francisco
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , t o e s t a b l i s h a branch
o f f i c e i n t h e v i c i n i t y of t h e i n t e r s e c t i o n of F o o t h i l l
Boulevard and C h e l s e a D r i v e , City of La V e r n e , Los A n g e l e s ,
C a l i f o r n i a . 1/
*
*
*
*
*
A p p l i c a t i o n s and n o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t m e n t s and o t h e r A c t i o n s P u r s u a n t to S e c t i o n 25 and 2 5 ( a )
of t h e F e d e r a l R e s e r v e Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 )
of t h e Bank H o l d i n g Company Act of 1956, a s amended
New York
Approved
C i t i c o r p , New York, New York: g r a n t s c o n s e n t to o p e r a t e i t s
i t s s u b s i d i a r y , C i t i c o r p O v e r s e a s F i n a n c e C o r p o r a t i o n N.V.,
Curacao, Netherlands A n t i l l e s ("Finance"), pursuant to
S e c t i o n 4 ( c ) (13) of R e g u l a t i o n Y and t o make a d d i t i o n a l i n v e s t m e n t s i n F i n a n c e and t h a t any such a d d i t i o n a l i n v e s t m e n t s
w i l l r e s u l t i n t h e r e d u c t i o n of the c a p i t a l and s u r p l u s of
C i t i c o r p Overseas Finance Corporation Limited, T o r t o l a ,
B r i t i s h V i r g i n I s l a n d s i n a c o r r e s p o n d i n g amount.
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d
authority.
H . 2 , 1981 No. 25
—7
ACTIONS OF THE BOARD-Cont inued
Richmond
F i r s t Maryland I n t e r n a t i o n a l Banking C o r p o r a t i o n , B a l t i m o r e ,
Maryland:
for a f i n a l permit to b e g i n b u s i n e s s . 1/
San
Francisco
NBA I n t e r n a t i o n a l Banking C o r p o r a t i o n , S e a t t l e , Washington,
a w h o l l y owned Edge Act s u b s i d i a r y of N a t i o n a l Bank of A l a s k a ,
A n c h o r a g e , A l a s k a : i s s u e d f i n a l p e r m i t to b e g i n b u s i n e s s . If
S i x t y Day N o t i f i c a t i o n P e r i o d Allowed t o E x p i r e
C i t i c o r p O v e r s e a s I n v e s t m e n t C o r p o r a t i o n , Wilmington, D e l a w a r e :
no o b j e c t i o n to a c q u i r e a d d i t i o n a l s h a r e s of i t s wholly-owned
s u b s i d i a r y , Famicredit, Dijon, France.
*
*
*
*
*
To Form a Bank Holding Company P u r s u a n t to S e c t i o n
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
CIeve land
Approved
M e t r o p o l i t a n B a n c o r p , I n c . , Lima, O h i o , f o r a p p r o v a l to acq u i r e 100 p e r c e n t of the v o t i n g s h a r e s of t h e s u c c e s s o r
by merger t o The M e t r o p o l i t a n Bank of Lima, O h i o , Lima,
O h i o . 1/
Richmond
One V a l l e y Bancorp of West V i r g i n i a , I n c . , C h a r l e s t o n , West
V i r g i n i a , f o r a p p r o v a l to a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of t h e s u c c e s s o r by m e r g e r to Kanawha V a l l e y Bank,
N.A. , C h a r l e s t o n , West V i r g i n i a . J J
Atlanta
Guaranty Bancorp, Zachary, L o u i s i a n a , f o r approval to a c q u i r e
a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of G u a r a n t y Bank
& T r u s t Company, Z a c h a r y , L o u i s i a n a . J J
At l a n t a
LaFourche B a n c s h a r e s , I n c . , L a r o s e , L o u i s i a n a , f o r a p p r o v a l
t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of
South L a F o u r c h e Bank & T r u s t Company, L a r o s e , L o u i s i a n a . 1/
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d
authority.
H . 2 , 1981 No. 25
-
8
ACTIONS OF THE BOARD-Continued
Chicago
Metro
l l s ,lo ^M il ci JhLiV
g1a1 n , d ilf oy r l U
ap• v i v Bancorp,
ua lie vi p j I i.n iic v. ,• yFarmington
i aillli I ljt^ LullH ifill
i dp
nrnua1
f tthhee vvoottiinngg sshhaarreess ((lleessss
p r o v a l hzx
to -^^,4v-^
a c q u i r e mn
100 p e r c e n t Qof
>f t h e s u c c e s s o r by m e r g e r to
d i r e c t o r s q u a l i f y i n g s h a r e s ) of
M e t r o p o l i t a n N a t i o n a l Bank of F a r m i n g t o n , F a r m i n g t o n H i l l s ,
M i z>ii i fy«n 1 /
Chicago
S t e e l e B a n C o r p . , Cherokee, Iowa, f o r a p p r o v a l t o a c q u i r e a t
l e a s t 93 p e r c e n t of t h e v o t i n g s h a r e s of The S t e e l e S t a t e
Bank, Cherokee, Iowa. \J
S t . Louis
F i r s t Bunker H i l l B a n c s h a r e s , I n c . , Bunker H i l l , I l l i n o i s ,
f o r a p p r o v a l to a c q u i r e a t l e a s t 5 1 . 2 p e r c e n t of the
v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of Bunker H i l l ,
Bunker H i l l , I l l i n o i s . J L /
Minneapolis
Minnehaha Banshar e s , I n c . , Sioux F a l l s , South D a k o t a , f o r
a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g
s h a r e s of The F i r s t N a t i o n a l Bank i n Sioux F a l l s , Sioux
F a l l s , South Dakota. J L /
Minneapolis
Walker Ban C o . , Walker, M i n n e s o t a , for appvoval to a c q u i r e
a t l e a s t 8 0 . 0 5 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t
N a t i o n a l Bank of Walker, Walker, M i n n e s o t a . J J
Minneapolis
Winthrop B a n c s h a r e s , I n c . , W i n t h r o p , M i n n e s o t a , f o r a p p r o v a l
to a c q u i r e a t l e a s t 84 p e r c e n t of t h e v o t i n g s h a r e s of
Winthr op S t a t e Bank, Winthr op, M i n n e s o t a . JL/
Kansas City
Eaton C a p i t a l C o r p o r a t i o n , Loup C i t y , N e b r a s k a , for a p p r o v a l
to a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of
The E a t o n Bank, E a t o n , C o l o r a d o . I./
Kansas C i t y
Harrisonville Bancshares, I n c . , H a r r i s o n v i l l e , Missouri, for
a p p r o v a l to a c q u i r e a t l e a s t 91 p e r c e n t of t h e v o t i n g
s h a r e s of t h e A l l e n Bank and T r u s t Company, H a r r i s o n v i l l e ,
Missouri. JJ
Kansas C i t y
H i l l t o p Bancshares, I n c . , Bennington, Nebraska, f o r approval
to a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Bank of
B e n n i n g t o n , B e n n i n g t o n , N e b r a s k a . \J
Kansas City
Kingman County F i n a n c i a l Corp. , Norwich, K a n s a s , for a p p r o v a l
t o a c q u i r e 8 1 . 8 p e r c e n t of the v o t i n g s h a r e s of The Farmers
S t a t e Bank of Norwich, K a n s a s , Norwich, K a n s a s . 1/
J J A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under d e l e g a t e d
authority.
I
H . 2 , 1981 No. 25
- 9 ACTIONS OF THE BOARD-Contiaued
Kansas C i t y
SPRINGFIELD Bank Company, I n c . , S p r i n g f i e l d , N e b r a s k a , f o r app r o v a l to a c q u i r e a t l e a s t 9 6 . 6 percent of t h e v o t i n g s h a r e s
of the S p r i n g f i e l d S t a t e Bank, S p r i n g f i e l d , N e b r a s k a . \J
Dallas
C i t i z e n s S t a t e F i n a n c i a l C o r p o r a t i o n , C o r r i g a n , T e x a s , for app r o v a l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of The
C i t i z e n s S t a t e Bank, C o r r i g a n , Texas, C o r r i g a n , T e x a s . 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to S e c t i o n
3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
Chicago
Chicago
Dallas
Approved
Community Banks, I n c . , Middle ton, Wisconsin, for a p p r o v a l t o
a c q u i r e a t l e a s t 90 p e r c e n t of the v o t i n g s h a r e s of The
American Exchange Bank of Madison, Wisconsin, Madison,
W i s c o n s i n . JL/
Hawkeye B a n c o r p o r a t i o n , Des Moines, Iowa, f o r approval to acq u i r e 100 percent of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by
by merger to J a c k s o n S t a t e Bank and T r u s t Company, Maquoketa,
Iowa. J 7
Southwest B a n c s h a r e s , I n c . , Houston, Texas, f o r approval to
a c q u i r e 100 percent of t h e v o t i n g s h a r e s of C o p p e r f i e l d ,
N a t i o n a l Bank, H a r r i s County, Te xa s , a proposed new bank.
1/
* * * * *
To Expand a Bank Holding Company Pursuant to S e c t i o n
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
Chicago
Withdrawn
The I n d i a n a N a t i o n a l C o r p o r a t i o n , I n d i a n a p o l i s , I n d i a n a , for
a p p r o v a l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of
I n d i a n a N a t i o n a l Neighborhood R e v i t a l i z a t ion C o r p o r a t i o n ,
Indianapolis, Indiana.
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d
authority.
http://fraser.stlouisfed.org/
I
Federal Reserve Bank of St. Louis
1
H . 2 , 1981 No. 25
10
ACTIONS OF THE BOARD-Continued
Bos t o n
I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d ,
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 s u r a n c e agency a c t i v i t i e s f o r t h e s a l e of p r o p e r t y and
c a s u a l t y i n s u r a n c e ) a t 3725 N a t i o n a l D r i v e , R a l e i g h , North
C a r o l i n a , t h e new s e r v i c e a r e a would be t h e Commonwealth
of V i r g i n i a , t h r o u g h i t s i n d i r e c t s u b s i d i a r y , K e n s i n g t o n
Mortgage and F i n a n c e Corp. ( 6 / 1 7 / 8 1 ) 3/
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New Y o r k , New York,
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
( p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , and t o
s e l l c r e d i t l i f e i n s u r a n c e , a c c i d e n t and h e a l t h i n s u r a n c e ,
and p r o p e r t y damage and l i a b l i l t y i n s u r a n c e d i r e c t l y r e l a t e d
t o such f i n a n c e a c t i v i t i e s ) a t C o r n e l l Drive and Maple
Avenue, B r i g h t o n ; Route 202, F l e m i n g t o n ; 29 West White
Horse P i k e , B e r l i n ; 2620 F e d e r a l S t r e e t , Camden; 214 B e l l e v u e
Avenue, Hammonton; Route 130 and Willow D r i v e , Cinnaminson;
13 Commerce Walk, L a m b e r t v i l l e ; 1638 Kings Highway S t o r e "
#4, C h e r r y H i l l ; 430 Br id ge t o n P i k e , Ma nut a; 285 S. Church
S t r e e t , Moorestown; Wil liamstown and S i c k e r v i l l e Road,
S i c k e r v i l l e , Black Horse P k . and Doughty Road, P l e a s a n t v i l l e ;
38 West L a n d i s Avenue, V i n e l a n d ; V i r g i n i a Avenue and Marsden
A v e . , Penns Grove; Route 130, W i l l i n g f c o r o ; and 19 S c o t t
S t r e e t , R i v e r s i d e ; a l l i n New J e r s e y , t h r o u g h i t s s u b s i d i a r y ,
R i t t e r F i n a n c e Company, I n c . of New J e r s e y .
(6/16/81) 3/
Richmond
Dominion B a n k s h a r e s C o r p o r a t i o n , Roanoke, V i r g i n i a , n o t i f i c a t i o n
of i n t e n t t o expand i t s de novo a c t i v i t i e s ( t o i n c l u d e a c t i n g
as i n s u r a n c e a g e n t or b r o k e r i n t h e s a l e of c r e d i t l i f e i n s u r a n c e ; and n o n e o n v e r t ib le t e r m l i f e i n s u r a n c e r e l a t e d to o r
a r i s i n g out of l o a n s made o r c r e d i t t r a n s a c t i o n s ) a t 213 South
J e f f e r s o n S t r e e t , Roanoke, V i r g i n i a , t h r o u g h i t s s u b s i d i a r y ,
Dominion L e a s i n g C o r p o r a t i o n , a s u b s i d i a r y of Dominion
B a n k s h a r e s C o r p o r a t i o n ( 6 / 1 9 / 8 1 ) 3/
Kansas C i t y
Approved
S p r i n g f i e l d Bank Company, I n c . , S p r i n g f i e l d , N e b r a s k a , f o r
a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
S p r i n g f i e l d I n s u r a n c e Agency, S p r i n g f i e l d , N e b r a s k a .
3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of the Board
of Governors under d e l e g a t e d a u t h o r i t y .
H . 2 , 1981 No. 25
- 11 ACTIONS OF THE BOARD-Continued
Boston
Permitted
I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d ,
n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o
engage i n consumer f i n a n c e ) a t 7 N o r t h Brentwood B o u l e v a r d ,
C l a y t o n , M i s s o u r i , t h r o u g h i t i n d i r e c t s u b s i d i a r y , Mortgage
A s s o c i a t e s , Inc. (6/19/81) 3/
Boston
I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d ,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s
( t h e o r i g i n a t i o n and s a l e of r e s i d e n t i a l m o r t g a g e s , t h e
s e r v i c i n g of r e s i d e n t i a l mortgage l o a n s and i n s u r a n c e agency
a c t i v i t i e s f o r t h e s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t
and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d to an e x t e n s i o n of
c r e d i t ) a t 344 South L a u r a , W i c h i t a , K a n s a s , t h r o u g h i t s
i n d i r e c t s u b s i d i a r y , Mortgage A s s o c i a t e s , I n c . ( 6 / 1 9 / 8 1 )
3/
Boston
I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d ,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s
( t h e o r i g i n a t i o n and s a l e of r e s i d e n t i a l m o r t g a g e s , t h e
s e r v i c i n g of r e s i d e n t i a l mortgage l o a n s and i n s u r a n c e agency
a c t i v i t i e s f o r t h e s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t
and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d to an e x t e n s i o n of
c r e d i t ) a t 2833 M i l t o n Avenue, J a n e s v i l l e , W i s c o n s i n ,
t h r o u g h i t s i n d i r e c t s u b s i d i a r y , Amortized M o r t g a g e s , I n c .
( 6 / 1 9 / 8 1 ) 3/
Boston
I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d ,
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
( t h e o r i g i n a t i o n , s a l e and s e r v i c i n g of m o b i l e home l o a n s ,
and i n s u r a n c e agency a c t i v i t i e s f o r t h e s a l e of c r e d i t l i f e
and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e s o l d i n c o n n e c t i o n
with e x t e n s i o n s of c r e d i t and f o r t h e s a l e of p r o p e r t y and
c a s u a l t y i n s u r a n c e o f f e r e d i n c o n n e c t i o n w i t h e x t e n s i o n s of
c r e d i t ) a t 5286 South 320 West, Murray, U t a h , t h r o u g h i t s
i n d i r e c t s u b s i d i a r y , K e n s i n g t o n Mortgage and F i n a n c e Corp.
( 6 / 1 9 / 8 1 ) 3/
Boston
I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d ,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s
(consumer f i n a n c e and i n s u r a n c e agency a c t i v i t i e s f o r the
s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e
d i r e c t l y r e l a t e d t o an e x t e n s i o n of c r e d i t ) a t 522 S e v e n t h
S t r e e t , Racine, Wisconsin, through i t i n d i r e c t s u b s i d i a r y ,
Mortgage A s s o c i a t e s , I n c . ( 6 / 1 9 / 8 1 ) 3/
3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of the Board
of Governors under d e l e g a t e d a u t h o r i t y .
H . 2 , 1981 No. 25
-
12
-
ACTIONS OF THE BOARD-Continued
New York
Chemical New York C o r p o r a t i o n , New York, New York, r e q u e s t s
p e r m i s s i o n t o r e l o c a t e an e x i s t i n g o f f i c e e n g a g i n g in t h e
f o l l o w i n g a c t i v i t i e s (making d i r e c t l o a n s , p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , and a c t i n g as agent o r
b r o k e r f o r t h e s a l e of l i f e , a c c i d e n t and h e a l t h , and
p r o p e r t y and c a s u a l t y i n s u r a n c e d i r e c t l y r e l a t e d t o such
e x t e n s i o n s of c r e d i t ) from 415 West Meadowview Road,
G r e e n s b o r o , North C a r o l i n a t o 2300 West Meadowview Road,
Greensboro, North C a r o l i n a , through i t s s u b s i d i a r y ,
Sunamerica F i n a n c i a l C o r p o r a t i o n . ( 6 / 1 4 / 8 1 ) 3 /
New York
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h
a de novo o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( t h e
making of l o a n s to f o r e i g n companies w i t h g r o w t h p o t e n t i a l )
a t 335 S t r a n d , London, E n g l a n d , t h r o u g h i t s s u b s i d i a r y ,
C i t i c o r p C a p i t a l I n v e s t o r s L t d . ( 6 / 1 4 / 8 1 ) 3/
New York
C i t i c o r p , New Y o r k , New Y o r k , r e q u e s t s p e r m i s s i o n t o expand t h e
s e r v i c e a r e a of an e x i s t i n g o f f i c e engaging i n t h e f o l l o w i n g
a c t i v i t i e s ( t h e making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , s e c u r e d or u n s e c u r e d , f o r consumer and
o t h e r p u r p o s e s ; t h e e x t e n s i o n s of l o a n s to d e a l e r s for t h e
f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l
p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g for i t s own a c c o u n t
of s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e
and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n t h e c a s e
of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d
a g e n t s or b r o k e r s as r e q u i r e d ; t h e s a l e of c r e d i t r e l a t e d
p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l
p r o p e r t y s u b j e c t t o a s e c u r i t y agreement w i t h C i t i c o r p
Washington F i n a n c i a l C e n t e r , I n c . , t o the e x t e n t p e r m i s s i b l e
under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e
o r i g i n a t i n g , f o r i t s own account or f o r t h e a c c o u n t of o t h e r s ,
of f i r s t mortgage l o a n s s e c u r e d by r e s i d e n t i a l or commercial
p r o p e r t i e s ; and t h e s e r v i c i n g , f o r any p e r s o n , of l o a n s and
o t h e r e x t e n s i o n s of c r e d i t ; t h e e x p a n s i o n of t h e s e r v i c e
a r e a would i n c l u d e t h e e n t i r e S t a t e of W a s h i n g t o n ; c r e d i t
r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may be w r i t t e n
by Family G u a r d i a n L i f e I n s u r a n c e Company, a n a f f i l i a t e of
C i t i c o r p Washington F i n a n c i a l C e n t e r , I n c . ) a t 172 3 H e w i t t
Avenue, E v e r e t t , Washington, t h r o u g h i t s u b s i d i a r y , C i t i c o r p
Washington F i n a n c i a l C e n t e r , I n c . ( 6 / 1 4 / 8 1 ) 3 /
3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board
of Governors under d e l e g a t e d a u t h o r i t y .
H . 2 , 1981 No. 25
- 1 3 ACTIONS OF THE BOARD-Continued
New York
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h
a de novo o f f i c e e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s ( t h e
making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t ,
secured o r u n s e c u r e d , for consumer and o t h e r p u r p o s e s ; t h e
e x p a n s i o n of l o a n s to d e a l e r s f o r the f i n a n c i n g of i n v e n t o r y
( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g
and s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e c o n t r a c t s ;
t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or
d e c r e a s i n g or l e v e l ( i n the case of s i n g l e payment l o a n s ) term
l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s as r e q u i r e d ; t h e
s a l e of c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y
agreement w i t h C i t i c o r p Washington I n d u s t r i a l Loan Company,
to t h e e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e
laws and r e g u l a t i o n s ; the o r i g i n a t i n g , f o r i t s own account
or for t h e account of o t h e r s , of f i r s t mortgage loans secured
by r e s i d e n t i a l or canmerical p r o p e r t i e s ; and t h e s e r v i c i n g ,
for any p e r s o n , of loans and other e x t e n s i o n s of c r e d i t ;
t h e s e r v i c e a r e a of the de novo o f f i c e would be comprised
of t h e e n t i r e S t a t e of Washington; c r e d i t r e l a t e d l i f e ,
a c c i d e n t , and h e a l t h i n s u r a n c e may b e w r i t t e n by Family
Guardian L i f 6 I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p
Washington I n d u s t r i a l Loan Company) a t 1723 Hewitt Avenue,
E v e r e t t , Washington, through i t s s u b s i d i a r y , C i t i c o r p
Washington I n d u s t r i a l Loan Company (Domestic) ( 6 / 1 4 / 8 1 ) J3/
New York
C i t i c o r p , New York, New York, r e q u e s t s permission to expand t h e
s e r v i c e a r e a of an e x i s t i n g o f f i c e engaging in the f o l l o w i n g
a c t i v i t i e s (making or a c q u i r i n g of loans and other e x t e n s i o n s
of c r e d i t , secured or u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n s of loans to d e a l e r s for t h e f i n a n c i n g
of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ;
t h e p u r c h a s i n g and s e r v i c i n g for i t s own account of s a l e s
f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and
a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n the case of
s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s
or b r o k e r s as r e q u i r e d ; t h e s a l e of c r e d i t r e l a t e d p r o p e r t y
and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y
s u b j e c t to a s e c u r i t y agreement with C i t i c o r p P e r s o n - 1 o - P e r s o n
F i n a n c i a l C e n t e r ( D o m e s t i c ) , t o the e x t e n t p e r m i s s i b l e
under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e
making of loans to i n d i v i d u a l s and b u s i n e s s e s to f i n a n c e
t h e p u r c h a s e of mobile homes, modular u n i t s or r e l a t e d
manufactured h o u s i n g , t o g e t h e r w i t h the r e a l p r o p e r t y to
which such h o u s i n g i s o r w i l l be permanently a f f i x e d , such
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 d e l e g a t e d a u t h o r i t y .
H.2, 1981 No. 25
- 14 ACTIONS OF THE BOARD-Continued
p r o p e r t y b e i n g used as s e c u r i t y f o r the l o a n s ; and t h e
s e r v i c i n g , for any p e r s o n , of loans and other e x t e n s i o n s of
c r e d i t ; the p r e v i o u s l y approved s e r v i c e a r e a of the o f f i c e
comprised of t h e e n t i r e S t a t e of Utah, would be expanded t o
i n c l u d e the e n t i r e S t a t e of Wyoming; except t h a t t h i s a p p l i c a t i o n would not expand t h e s e r v i c e a r e a for t h e s a l e of
c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e ; c r e d i t
r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u a n c e may be w r i t t e n
by Family Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of
C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center) a t 3828 South
Main, S u i t e 201, S a l t Lake C i t y , Utah, through i t s s u b s i d i a r y ,
C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r (Domestic) ( 6 / 1 4 / 8 1 )
3/
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York,
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
( p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , and t o s e l l
c r e d i t l i f e i n s u r a n c e , a c c i d e n t and h e a l t h i n s u r a n c e , and
p r o p e r t y damage and l i a b i l i t y i n s u r a n c e d i r e c t l y r e l a t e d to
such f i a n c e a c t i v i t i e s ) a t C o r n e l l Drive and Maple Avenue,
B r i d g e t o n ; Route 202, Flemington; 29 West White Horse P i k e ,
B e r l i n ; 2620 F e d e r a l S t r e e t , Camden; 214 B e l l e v u e Avenue,
Hammonton; Route 130 and Willow D r i v e , Cinnaminson; 13
Commerce Walk, L a m b e r t v i l l e ; 1638 Kings Highway S t o r e #4,
Cherry H i l l ; 430 Bridge ton P i k e , Mantua; 285 S. Church
S t r e e t , Moorestown; Williamstown and S i c k e r v i l e Road,
S i c k e r v i l l e ; Black Horse Pk. and Doughty Road, P l e a s a n t v i l l e ; 38 West L a n d i s Avenue, Vine land; V i r g i n i a Avenue and
Madison Ave. , Penns Grove; Route 130, Wil l i n g b o r o ; and 19
S c o t t S t r e e t , R i v e r s i d e ; a l l in New J e r s e y , through i t s
s u b s i d i a r y , R i t t e r Finance Company, I n c . of New J e r s e y
( 6 / 1 7 / 8 1 ) 3/
Richmond
Dominion Bankshares C o r p o r a t i o n , Roanoke, V i r g i n i a , n o t i f i c a t i o n
of i n t e n t to expand i t s de novo a c t i v i t i e s ( t o i n c l u d e a c t i n g
as i n s u r a n c e agent or b r o k e r in the s a l e of c r e d i t l i f e i n s u r a n c e ; and none on v e r t ib le term l i f e i n s u r a n c e r e l a t e d to o r
a r i s i n g out of loans made or c r e d i t t r a n s a c t i o n s ) a t 213 South
J e f f e r s o n S t r e e t , Roanoke, V i r g i n i a , through i t s s u b s i d i a r y ,
Dominion Leasing C o r p o r a t i o n , a s u b s i d i a r y of Dominion
Bankshares S e r v i c e s ( 6 / 1 9 / 8 1 ) 3/
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 d e l e g a t e d a u t h o r i t y .
H. 2 , 1981 No. 25
- 15 ACTIONS OF THE BOARD-Contiaued
Richmond
The Wachovia C o r p o r a t i o n , Winston-Salem, North C a r o l i n a , 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 ( t h e o r i g i n a t i o n and p r o c e s s i n g of r e s i d e n t i a l , c o n s t r u c t i o n , d e v e l o p ment and income p r o p e r t y mortgage l o a n s ; t h e purchase and
s a l e or placement of mortgage l o a n s ; t h e a d m i n i s t r a t i o n and
s e r v i c i n g of mortgage l o a n s ; t h e management and s a l e of
p r o p e r t i e s acquired through f o r e c l o s u r e or t r a n s f e r s in l i e u
of f o r e c l o s u r e ; and a c t i n g as agent for c r e d i t l i f e and
c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e and f o r p r o p e r t y and
c a s u a l t y i n s u r a n c e r e l a t e d to e x t e n s i o n s of c r e d i t ) a t 400
E a s t Main S t r e e t , E l i z a b e t h C i t y ; 1505 South York Road,
G a s t o n i a ; and 139 West Walnut S t r e e t , G o l d s b o r o , North
C a r o l i n a , through i t s s u b s i d i a r y , Wachovia Mortgage Company
( 6 / 2 0 / 8 1 ) 3/
Atlanta
P l a n t e r s B a n c s h a r e s , I n c . , O p e l o u s a s , L o u s i a n a , 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 l e a s i n g of heavy
equipment, p r i m a r i l y f o r o i l f i e l d u s e ) a t 102-C Sheppard D r i v e ,
L a f a y e t t e , L o u i s i a n a , through a s u b s i d i a r y , P l a n t e r s Bancshares
L e a s i n g , I n c . ( 6 / 1 6 / 8 1 ) 3/
Kansas C i t y
Omaha N a t i o n a l C o r p o r a t i o n , Omaha, N e b r a s k a , n o t i f i c a t i o n of
i n t e n t to engage in de novo a c t i v i t i e s (mortgage banking
a c t i v i t i e s ; a t 555 N. McClean, W i c h i t a , Kansas, t h e geographic
a r e a to be served by the W i c h i t a o f f i c e i n c l u d e s the a r e a w i t h i n a 100 mile r a d i u s of W i c h i t a , Kansas, e x c l u d i n g any a r e a of
t h e S t a t e of Oklahoma, t h r o u g h i t s s u b s i d i a r y , Real banc, I n c .
( 6 / 1 9 / 8 1 ) 3/
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , not if i c a t i o n of i n t e n t to r e l o c a t e de novo a c t i v i t i e s (making or
a c q u i r i n g , f o r i t s own account loans and o t h e r e x t e n s i o n s
of c r e d i t such as would be made or acquired by a f i n a n c e
company; s e r v i c i n g loans and o t h e r e x t e n s i o n s of c r e d i t ; and
o f f e r i n g c r e d i t - r e l a t e d l i f e i n s u r a n c e and c r e d i t - r e l a t e d
a c c i d e n t and h e a l t h i n s u r a n c e ; such a c t i v i t i e s w i l l i n c l u d e ,
but not be l i m i t e d t o , making consumer i n s t a l l m e n t l o a n s ,
p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans
and o t h e r e x t e n s i o n s of c r e d i t to small b u s i n e s s e s , making
loans secured by r e a l and p e r s o n a l p r o p e r t y , and o f f e r i n g
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 a c c i d e n t , and h e a l t h
i n s u r a n c e d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t made or
a c q u i r e d by FinanceAmerica C o r p o r a t i o n ) from 5403 East D r i v e ,
A r b u t u s , Maryland t o Lakefr •• x North B u i l d i n g , 5550 S t e r r e t t
P l a c e , Columbia, Maryland, s e r v i n g t h e e n t i r e s t a t e of Maryl a n d , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Corp o r a t i o n ( a Maryland C o r p o r a t i o n ) ( 6 / 1 5 / 8 1 ) 3/
3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Resrve Bank on b e h a l f of the Board
~~ of Governors under d e l e g a t e d a u t h o r i t y .
H . 2 , 1981 No. 25
— 16
—
ACTIONS OF THE BOARD-Continued
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , 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
o r a c q u i r i n g f o r i t s own account l o a n s and o t h e r e x t e n s i o n s
of c r e d i t such as would be make or a c q u i r e d by a f i n a n c e
company; s e r v i c i n g such l o a n s and o t h e r e x t e n s i o n s of c r e d i t ;
and o f f e r i n g c r e d i t - r e l a t e d l i f e i n s u r a n c e , c r e d i t - r e l a t e d
a c c i d e n t and h e a l t h i n s u r a n c e and c r e d i t - r e l a t e d p r o p e r t y
i n s u r a n c e ; such a c t i v i t i e s w i l l i n c l u d e , but n o t be l i m i t e d
t o , making consumer i n s t a l l m e n t l o a n s , p u r c h a s i n g i n s t a l l ment s a l e s f i n a n c e c o n t r a c t s , making l o a n s and o t h e r e x t e n s i o n s of c r e d i t to s m a l l b u s i n e s s e s , making l o a n s secured
by r e a l and p e r s o n a l p r o p e r t y , and o f f e r i n g c r e d i t - r e l a t e d
l i f e , a c c i d e n t and h e a l t h and p r o p e r t y i n s u r a n c e d i r e c t l y
r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d by
FinanceAmerica C o r p o r a t i o n ) a t 402 Gammon P l a c e , Madison,
W i s c o n s i n , s e r v i n g t h e s t a t e of W i s c o n s i n , t h r o u g h i t s
i n d i r e c t s u b s i d i a r y , FinanceAmerica C o r p o r a t i o n ( a
Wisconsin C o r p o r a t i o n ) ( 6 / 1 9 / 8 1 ) 37
San
Francisco
S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , 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 o r
a c q u i r i n g , f o r i t s own a c c o u n t o r f o r the account of o t h e r s ,
l o a n s and e x t e n s i o n s of c r e d i t i n c l u d i n g making consumer
i n s t a l l m e n t p e r s o n a l l o a n s , p u r c h a s i n g consumer i n s t a l l m e n t
s a l e s f i n a n c e c o n t r a c t s , making l o a n s t o small b u s i n e s s e s
and o t h e r e x t e n s i o n s of c r e d i t such as would be made by a
f a c t o r i n g company or a consumer f i n a n c e company) a t 18552
MacArthur B o u l e v a r d , I r v i n e ; 10103 C a r r o l l Canyon Road, San
Diego and One Market P l a z a , Spear S t r e e t Tower, San F a n b f s c o ,
C a l i f o r n i a , s e r v i n g t h e S t a t e of C a l i f o r n i a , t h r o u g h i t s
s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Business Center Inc.
(6/16/81) 3/
San
Francisco
U. S. B a n c o r p . , P o r t l a n d , O r e g o n , 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 ( m a k i n g , a c q u i r i n g and s e r v i c i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , e i t h e r
secured o r u n s e c u r e d , f o r i t s own account o r for t h e
account of o t h e r s , i n c l u d i n g , b u t not l i m i t e d t o , comm e r c i a l , r e d i s c o u n t , i n s t a l m e n t s a l e s c o n t r a c t s and o t h e r
forms of r e c e i v a b l e s , and l e a s i n g of p e r s o n a l p r o p e r t y
and equipment i n c o n f o r m a n c e with t h e p r o v i s i o n s of
S e c t i o n 2 2 5 . 4 ( a ) ( 1 ) and ( 3 ) , and 2 2 5 . 4 ( a ) ( 6 ) ( a ) of
R e g u l a t i o n Y) a t C i t y C e n t e r S q u a r e , S u i t e 1400, 1100 Main S t r e e t , Kansas C i t y , M i s s o u r i , t h e g e o g r a p h i c a r e a
to be s e r v e d by t h e proposed o f f i c e i n c l u d e s t h e S t a t e of
M i s s o u r i , Kansas and t h e n o r t h e a s t e r n s e c t i o n of Oklahoma,
t h r o u g h i t s s u b s i d i a r y , U. S. B a n c o r p F i n a n c i a l , I n c .
( 6 / 1 9 / 8 1 ) 3/
3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board
of Governors under d e l e g a t e d a u t h o r i t y .
H . 2 , 1981 No. 25
- 17 APPLICATIONS RECEIVED
To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9
of t h e F e d e r a l Reserve Act
Boston
The C o n n e c t i c u t Bank and T r u s t Company, H a r t f o r d , C o n n e c t i c u t .
To e s t a b l i s h a branch a t the n o r t h e a s t c o r n e r of Holmes S t r e e t
and E a s t Main S t r e e t , S t o n i n g t o n , C o n n e c t i c u t . 2 j
Cleveland
Ohio C i t i z e n s Bank, T o l e d o , O h i o . To e s t a b l i s h a branch a t R e t a i l
Concourse of One SeaGate C e n t e r , (world h e a d q u a r t e r s of OwensI l l i n o i s ) , T o l e d o , Lucas County, Ohio. 2/
San
Francisco
Idaho S t a t e Bank, Glenns F e r r y , I d a h o . Branch to be e s t a b l i s h e d
a t F a i r f i e l d , Camas County, I d a h o . 2/
San
Francisco
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los A n g e l e s , C a l i f o r n i a .
Branch o f f i c e in t h e v i c i n i t y of t h e i n t e r s e c t i o n of H i l l and
A l p i n e S t r e e t s , City of Los A n g e l e s , C a l i f o r n i a . 2/
*
*
*
*
*
A p p l i c a t i o n s and n o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t ments and Other Actions Pursuant to S e c t i o n s 25 and 25(a)
of the F e d e r a l Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 )
of t h e Bank Holding Company Act of 1956, as amended
New York
The Bank of New York I n t e r n a t i o n a l I n c o r p o r a t e d , New York,
New York: r e q u e s t s a f i n a l permit a u t h o r i z i n g t h e i n i t i a t i o n
of o p e r a t i o n s of The Bank of New York I n t e r n a t i o n a l I n c o r p o r a t e d , New York, New York.
Richmond
F i r s t Maryland I n t e r n a t i o n a l Banking C o r p o r a t i o n , B a l t i m o r e ,
Maryland: r e q u e s t for a f i n a l permit to begin b u s i n e s s .
San
Francisco
NBA I n t e r n a t i o n a l Banking C o r p o r a t i o n , S e a t t l e , Washington,
a wholly owned Edge a c t s u b s i d i a r y of N a t i o n a l Bank of A l a s k a ,
Anchorage, Alaska: r e q u e s t f o r f i n a l p e r m i t to begin b u s i n e s s .
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a : p r i o r n o t i f i c a t i o n of i t s i n t e n t to make an a d d i t i o n a l inve s tme nt in i t s
i n d i r e c t s u b s i d i a r y , FinanceAmerica Canada L i m i t e d .
2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment Act. The Community
~~ A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as to the l e n g t h of the comment p e r i o d .
H.2, 1981 No. 25
18
APPLICATIONS RECEIVED-Continued
To Form a Bank Holding Company P u r s u a n t to S e c t i o n
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Philadelphia
York Bancorp, York, P e n n s y l v a n i a , f o r approval to a c q u i r e
100 percent of t h e v o t i n g s h a r e s of The York Bank and T r u s t
Company, York, P e n n s y l v a n i a . 2/
Atlanta
F i r s t Pulaski National Corporation, P u l a s k i , Tennessee, for
approval t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of
F i r s t N a t i o n a l Bank of P u l a s k i , P u l a s k i , T e n n e s s e e . 2/
Atlanta
The I n t e r n a t i o n a l Bank-Holding Company of F l o r i d a , N . V . ,
N e t h e r l a n d s A n t i l l e s and The I n t e r n a t i o n a l Bank of F l o r i d a ,
I n c . , South Miami, F l o r i d a , f o r approval to a c q u i r e a t
l e a s t 80 percent of t h e v o t i n g s h a r e s of The I n t e r n a t i o n a l
Bank of Miami, N a t i o n a l A s s o c i a t i o n , South Miami, F l o r i d a .
2/
Chicago
B e l l e P l a i n e S e r v i c e C o r p . , Des Moines, Iowa, f o r approval t o
a c q u i r e a t l e a s t 81.9 percent of t h e v o t i n g s h a r e s of C i t i z e n s
S t a t e Bank, B e l l e P l a i n e , Iowa. 2/
Chicago
Greene Investment Co., Coon R a p i d s , Iowa, for approval to a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of Home S t a t e
Bank, J e f f e r s o n , Iowa. 2/
St. Louis
C i t i z e n s S t a t e Bankshares of Bald Knob, I n c . , Bald Knob, Arkansas,
for a p p r o v a l to a c q u i r e 9 6 . 5 percent of t h e v o t i n g s h a r e s of
C i t i z e n s S t a t e Bank, Bald Knob, A rka ns a s . 2J
Minneapolis
Southwest B a n c o r p o r a t i o n , M i n n e a p o l i s , M i n n e s o t a , for approval
to a c q u i r e 98 p e r c e n t of the v o t i n g s h a r e s of F i r s t American
S t a t e Bank of Brownsdale, Brownsdale, Minnesota. 2J
Minneapolis
Suburban B a n c o r p o r a t i o n , I n c . , Eden P r a i r i e , Minnesota, f o r
approval to a c q u i r e a t l e a s t 80. 1 percent of t h e v o t i n g s h a r e s
of the Suburban N a t i o n a l Bank, Eden P r a i r i e , Minnesota. 2/
Kansas C i t y
Bur chard B a n k s h a r e s , I n c . , Tecumseh, Nebraska, for a p p r o v a l
to a c q u i r e a t l e a s t 9 9 . 1 p e r c e n t of the v o t i n g s h a r e s of
S t a t e Bank of Bur chard, B u r c h a r d , Nebraska. 2/
2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as to the l e n g t h of the comment p e r i o d .
H.2, 1981 No. 25
19
APPLICATIONS RECEIVED-Continued
*
Kansas C i t y
The Chugwater C o r p o r a t i o n , Chugwater, Wyoming, f o r approval
to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of
F i r s t N a t i o n a l Bank of Chugwater, Chugwater, Wyoming. 2/
Kansas C i t y
Emerson F i r s t N a t i o n a l Company, S c h u y l e r , N e b r a s k a , for app r o v a l to a c q u i r e a t l e a s t 95 p e r c e n t of the v o t i n g s h a r e s
of The F i r s t N a t i o n a l Bank of Emerson, Emerson, Nebraska.
2/
Kansas C i t y
F i r s t Dodge C i t y B a n c s h a r e s , I n c . , Dodge C i t y , Kansas, f o r app r o v a l to a c q u i r e F i r s t N a t i o n a l Bancshares of Dodge C i t y ,
I n c . , Dodge C i t y , Kansas and i n d i r e c t l y 80 p e r c e n t of the
v o t i n g s h a r e s of F i r s t N a t i o n a l Bank and T r u s t Company i n
Dodge C i t y , Dodge C i t y , Kansas. 7 j
Kansas C i t y
F o r t Gibson B a n c s h a r e s , I n c . , F o r t Gibson, Oklahoma, for approval t o a c q u i r e a t l e a s t 86 p e r c e n t of the v o t i n g s h a r e s
of F o r t Gibson S t a t e Bank, F o r t Gibson, Oklahoma. 2J
Kansas C i t y
The M o o r c r o f t C o r p o r a t i o n , M o o r c r o f t , Wyoming, f o r approval
to a c q u i r e 80 percent or more of t h e v o t i n g s h a r e s of
M o o r c r o f t S t a t e Bank, M o o r c r o f t , Wyoming. 2/
Kansas C i t y
Mountain V a l l e y B a n k s h a r e s , I n c . , C o n i f e r , C o l o r a d o , for approval t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of
Mountain V a l l e y Bank, C o n i f e r , Colorado. 2/
Kansas C i t y
Mustang Community Ban C o r p . , Mustang, Oklahoma, f o r approval
to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of
Mustang Community Bank, Mustang, Oklahoma. 2/
Kansas C i t y
The N e w c a s t l e C o r p o r a t i o n , Newcastle,, Wyoming, for approval
t o a c q u i r e 80 p e r c e n t or more of the v o t i n g s h a r e s of
N a t i o n a l Bank of N e w c a s t l e , Newcastle, Wyoming. 2J
Kansas C i t y
P e r s h i n g N a t i o n a l Bancshares, I n c . , Kansas C i t y , M i s s o u r i , f o r
a p p r o v a l to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s
of C i v i c P l a z a N a t i o n a l Bank of Kansas C i t y , Kansas C i t y ,
M i s s o u r i . 2J
Dal l a s
Bent T r e e B a n c s h a r e s , I n c . , D a l l a s , Texas, f o r approval to acq u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of Bent Tree
N a t i o n a l Bank, Addison, T e x a s . 2/
2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as to the l e n g t h of the comment p e r i o d .
H.2, 1981 No. 25
- 2 0 APPLICATIONS RECEIVED-Cont inued
Dallas
City B a n c s h a r e s , I n c . , Mineral W e l l s , Texas, f o r approval
to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The
City N a t i o n a l Bank of Mineral W e l l s , Mineral Wells, Texas. 2/
San
Francisco
Mesa Bancorp, San Diego, C a l i f o r n i a , for approval to a c q u i r e
100 p e r c e n t of the v o t i n g s h a r e s of the s u c c e s s o r by merger
t o C a l i f o r n i a H e r i t a g e Bank, San Diego, C a l i f o r n i a . 2 /
* * * * *
To Expand a Bank Holding Company Pursuant to S e c t i o n
3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
At l a n t a
C i t i z e n s and Southern Georgia C o r p o r a t i o n , Savannah, Georgia,
f o r approval to r e t a i n 36.2 p e r c e n t of the o u t s t a n d i n g voting
s h a r e s of F i r s t N a t i o n a l Bank of Wauchula, F l o r i d a . 2/
Atlanta
Southwest F l o r i d a Banks, I n c . , Fort Meyers, F l o r i d a , f o r app r o v a l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of Peoples
Bank of H i l l s b o r o u g h County, Tampa, F l o r i d a . 2/
S t . Louis
Boatmen's B a n c s h a r e s , I n c . , S t . L o u i s , M i s s o u r i , for approval
t o a c q u i r e 90 p e r c e n t or more of the v o t i n g s h a r e s of Mountain
Grove N a t i o n a l Bank, Mountain Grove, M i s s o u r i . 2/
Minneapoli s
Dacotah Bank Holding Co., Aberdeen, South Dakota, f o r approval
to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of t h e Bank of
C r e s b a r d , C r e s b a r d , South Dakokta. 2 j
Dal l a s
C u l l e n / F r o s t B a n k e r s , I n c . , San A n t o n i o , Texas, for approval
t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of North F r o s t
Bank, N a t i o n a l A s s o c i a t i o n , San A n t o n i o , T e x a s , a proposed
new bank. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to S e c t i o n
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
New York
The Chase Manhattan C o r p o r a t i o n , New York, New York, r e q u e s t s
p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e engaging i n the
f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g for i t s own account
and f o r the account of o t h e r s , loans and o t h e r e x t e n s i o n s of
2J A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as to the l e n g t h of the comment p e r i o d .
I
H . 2 , 1981 No. 25
- 2 1 APPLICATIONS RECIEVED-Continued
c r e d i t , b o t h secured and unsecured i n c l u d i n g , but not l i m i t e d
t o , consumer and b u s i n e s s l i n e s of c r e d i t , i n s t a l l m e n t loans
f o r p e r s o n a l , h o u s e h o l d and b u s i n e s s purposes and mortgage
loans secured by r e a l p r o p e r t y ; t o s e r v i c e loans and other
e x t e n s i o n s of c r e d i t ; t o s e l l t r a v e l e r s checks a t r e t a i l ;
to act as i n s u r a n c e agent or b r o k e r for c r e d i t l i f e i n s u r a n c e
and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d
t o such l e n d i n g and s e r v i c i n g a c t i v i t i e s ) a t Coral Gables
I n t e r n a t i o n a l P l a z a , South E a s t Corner Le Jeune Road and
V a l e n c i a Avenue, Coral Gables, F l o r i d a , through i t s s u b s i d i a r y ,
Chase Manhattan F i n a n c i a l S e r v i c e s , I n c . ( 6 / 1 8 / 8 1 )
New York
Chemical New York C o r p o r a t i o n , New York, New York, r e q u e s t s
p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e engaging i n the
f o l l o w i n g a c t i v i t i e s ( p r e v i o u s l y approved a c t i v i t i e s m a k i n g
d i r e c t loans, purchasing installment sales finance c o n t r a c t s ,
and a c t i n g as agent or b r o k e r for t h e s a l e of c r e d i t r e l a t e d
i n s u r a n c e ) from 1101 Greene S t r e e t , Augusta, t o 3106
W r i g h t s b o r o Road, Augusta, G e o r g i a , through i t s s u b s i d i a r y ,
Sunamerica F i n a n c i a l C o r p o r a t i o n ( 6 / 1 5 / 8 1 )
New York
C i t i c o r p , New York, New York, r e q u e s t s consent t o (1) r e t a i n
d i r e c t or i n d i r e c t ownership of 100 p e r c e n t of the s h a r e s
of C i t i c o r p Banking C o r p o r a t i o n , Wilmington, Delaware and
(2) c o n t i n u e to r e t a i n d i r e c t or i n d i r e c t ownership of such
s h a r e s a f t e r CBC e s t a b l i s h e s branches i n Nassau, Bahamas
and Luxembourg.
New York
C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand
t h e s e r v i c e a r e a of an e x i s t i n g o f f i c e e n g a g i n g in t h e
f o l l o w i n g a c t i v i t i e s (making, a c q u i r i n g and s e r v i c i n g , f o r
i t s own account and for t h e account of o t h e r s , e x t e n s i o n s of
c r e d i t secured by l i e n s on r e s i d e n t i a l r e a l e s t a t e ; the
p r e v i o u s l y approved s e r v i c e a r e a i s comprised of C a l i f o r n i a ;
t h e expanded s e r v i c e a r e a would i n c l u d e the e n t i r e s t a t e s of
Nevada and Arizona) a t 600 C i t y Parkway West, S u i t e 710,
Orange, C a l i f o r n i a , through i t s s u b s i d i a r y , C i t i c o r p
Homeowners, I n c . ( 6 / 1 9 / 8 1 )
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s
p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e engaging in t h e
f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account
o r for t h e account of o t h e r s , loans and other e x t e n s i o n s of
c r e d i t such as would be made by a f a c t o r i n g company, and
a r r a n g i n g or s e r v i c i n g such loans and other e x t e n s i o n s of
c r e d i t f o r any person) a t 333 Market S t r e e t , San F r a n c i s c o ,
C a l i f o r n i a , through i t s s u b s i d i a r y , M a n u f a c t u r e r s Hanover
Commercial C o r p o r a t i o n , (Delaware) ( 6 / 1 8 / 8 1 )
I
H.2, 1981 No. 25
- 2 2 -
APPLICATIONS RECEIVED-Cont inued
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s
permission to e s t a b l i s h a de novo o f f i c e engaging in t h e f o l l o w ing a c t i v i t i e s ( p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ,
and a c t i n g as an agent or b r o k e r for the s a l e of s i n g l e and
j o i n t c r e d i t l i f e i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h
i n s u r a n c e t h i c h i s d i r e c t l y r e l a t e d t o such loans and e x t e n s i o n s of c r e d i t ; Tempco L i f e I n s u r a n c e Company would r e i n s u r e
such c r e d i t l i f e and a c c i d e n t and h e a l t h i n s u r a n c e ) a t Diamond
Savings B u i l d i n g , 6100 Channingway Boulevard, S u i t e 102,
Columbus, Ohio, through i t s s u b s i d i a r y , I n v e s t o r s Loan
C o r p o r a t i o n of Ohio ( 6 / 1 8 / 8 1 )
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s
p e r m i s s i o n to e s t a b l i s h a d_e novo o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s ( a r r a n g i n g , making or a c q u i r i n g for i t s own
account or f o r the account of o t h e r s , loans and o t h e r e x t e n s i o n s of c r e d i t secured by homeowner 1 s e q u i t y i n t e r e s t in a
home such as would be made by a consumer f i n a n c e company,
s e r v i c i n g such loans and other e x t e n s i o n s of c r e d i t for any
p e r s o n , and a c t i n g as a agent or broker f o r the s a l e of s i n g l e
and j o i n t c r e d i t l i f e i n s u r a n c e vfaich i s d i r e c t l y r e l a t e d t o
such loans and e x t e n s i o n s of c r e d i t ; Tempco L i f e I n s u r a n c e
Company would r e i n s u r e such c r e d i t l i f e and a c c i d e n t and
h e a l t h i n s u r a n c e ) a t Diamond Savings B u i l d i n g , 6100 Channingway
B o u l e v a r d , S u i t e 102, Columbus, O h i o , through i t s s u b s i d i a r y ,
I n v e s t o r s Mortgage Company of Ohio, I n c . ( 6 / 1 8 / 8 1 )
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s
p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e and t o expand t h e
s e r v i c e a r e a of t h e r e l o c a t e d o f f i c e e n g a g i n g in t h e f o l l o w ing a c t i v i t i e s (consumer f i n a n c e ; s a l e s f i n a n c e ; and a c t i n g
as a g e n t / b r o k e r for c r e d i t i n s u r a n c e ) from 997 5 E. C o l f a x
Avenue, Aurora, Colorado, t o 7200 E. Hampden Avenue, Denver,
C o l o r a d o , t h e new o f f i c e w i l l serve customers in Denver,
D i l p i n , Boulder, J e f f e r s o n and Douglas C o u n t i e s , and Southwestern and W e s t - C e n t r a l Adams, Northwestern and W e s t - C e n t r a l
Arapahoe, S o u t h e a s t e r n L a r i m e r , Southwestern Weld, E a s t e r n
Grand, N o r t h e a s t e r n P a r k , N o r t h e r n T e l l e r , Northwestern El Paso,
and N o r t h w e s t e r n A l b e r t C o u n t i e s , through i t s s u b s i d i a r y ,
Termplan I n c . of Colorado ( 6 / 1 8 / 8 1 )
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s
permission to e s t a b l i s h a de novo o f f i c e engaging in t h e
f o l l o w i n g a c t i v i t i e s ( a r r a n g i n g , making or a c q u i r i n g f o r i t s
own account or for t h e account of o t h e r s , loans and o t h e r
e x t e n s i o n s of c r e d i t secured by a homeowner's e q u i t y i n t e r e s t
in a home such as would be make by a consumer f i n a n c e company,
s e r v i c i n g such loans and o t h e r e x t e n s i o n s of c r e d i t f o r any
a
H. 2 , 1981 No 25
- 2 3 APPLICATIONS RECEIVED-Cont inued
p e r s o n ; a c t i n g as an agent or b r o k e r f o r t h e s a l e of s i n g l e
and j o i n t c r e d i t l i f e i n s u r a n c e trtiich i s d i r e c t l y r e l a t e d t o
such l o a n s and e x t e n s i o n s of c r e d i t , p u r c h a s i n g i n s t a l l m e n t
s a l e s f i n a n c e c o n t r a c t s , and a c t i n g as an agent or b r o k e r f o r
t h e s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e and c r e d i t
a c c i d e n t and h e a l t h i n s u r a n c e ttfiich i s d i r e c t l y r e l a t e d t o such
l o a n s and e x t e n s i o n s of c r e d i t ; R i t t e r L i f e I n s u r a n c e Company
would r e i n s u r e such c r e d i t r e l a t e d i n s u r a n c e ; t h e jle novo
o f f i c e would s e r v e the f o l l o w i n g c o u n t i e s : Mathews, G l o u c e s t e r ,
New Kent, C h a r l e s C i t y , James C i t y , P r i n c e G e o r g e , S u r r y ,
Southampton, I s l e of Wight, M i d d l e s e x , Nansemond, S o u t h e r n King,
S o u t h e r n Queen, S o u t h e r n N o r t h a m p t o n , S o u t h e r n L a n c a s t e r , and
N o r t h e a s t e r n S u s s e x ) a t Rouse Tower, 6060 J e f f e r s o n Avenue,
S u i t e 3 0 0 3 , Newport News, V i r g i n i a , t h r o u g h i t s s u b s i d i a r y ,
F i n a n c e One Mortgage of V i r g i n i a , I n c . ( 6 / 1 8 / 8 1 )
New York
M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New Y o r k , New Y o r k , r e q u e s t s
p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e and t o expand t h e
s e r v i c e a r e a of t h e r e l o c a t e d o f f i c e e n g a g i n g in t h e f o l l o w ing a c t i v i t i e s ( o r i g i n a t i n g mortgage l o a n s ) from F i r s t N a t i o n a l
Bank B u i l d i n g , One F i r s t N a t i o n a l P l a z a , S u i t e 1236, Dayton,
O h i o , t o F i n a n c i a l South O f f i c e P a r k , 5335 Far H i l l s Avenue,
D a y t o n , O h i o , t o s e r v e c u s t o m e r s i n Montgomery County and
would a l s o s e r v e c u s t o m e r s i n Green and Warren C o u n t i e s ,
t h r o u g h i t s s u b s i d i a r y , M a n u f a c t u r e r s Hanover Mortgage
Corporation (6/16/81)
Philadelphia
Bancorp of P e n n s y l v a n i a , R e a d i n g , P e n n s y l v a n i a , 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 ( u n d e r w r i t i n g , a s
r e i n s u r e r , c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t by A p p l i c a n t ' s
s u b s i d i a r y bank, Bank of P e n n s y l v a n i a ) a t a o f f i c e i n P h o e n i x ,
A r i z o n a , t h e g e o g r a p h i c a r e a to be s e r v e d i s s o u t h e a s t e r n
P e n n s y l v a n i a , t h r o u g h i t s s u b s i d i a r y , Callowh i l l L i f e I n s u r a n c e
Company ( 6 / 1 9 / 8 1 )
Richmond
The Wachovia C o r p o r a t i o n , Wins t o n Salem, N o r t h C a r o l i n a , 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 ( p r o v i d i n g
mortgage banking s e r v i c e s , i n c l u d i n g t h e o r i g i n a t i o n and
p r o c e s s i n g of r e s i d e n t i a l , c o n s t r u c t i o n , d e v e l o p m e n t , and i n come p r o p e r t y mortgage l o a n s , t h e p u r c h a s e and s a l e or p l a c e ment of mortgage l o a n s , t h e a d m i n i s t r a t i o n and s e r v i c i n g of
m o r t g a g e l o a n s , t h e management and s a l e of p r o p e r t i e s a c q u i r e d
t h r o u g h f o r e c l o s u r e or t r a n s f e r s i n l i e u of f o r e c l o s u r e , and
a c t i n g as a g e n t f o r c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h
i n s u r a n c e and f o r p r o p e r t y and c a s u a l t y i n s u r a n c e r e l a t e d
t o e x t e n s i o n s of c r e d i t ) a t 6201 Powers F e r r y Road, A t l a n t a ,
G e o r g i a , t h r o u g h i t s s u b s i d i a r y , Wachovia Mortgage Company
(6/19/81)
H.2,
1981 No. 25
- 2 4 APPLICATION RECEIVED-Cont inued
Chicago
Greene I n v e s t m e n t C o . , Coon R a p i d s , Iowa, f o r a p p r o v a l t o
a c q u i r e 8 5 . 6 p e r c e n t of Greene County A g r i c u l t u r a l C r e d i t
C o r p o r a t i o n , J e f f e r s o n , Iowa,
ich engages in s e l l i n g
c r e d i t l i f e and d i s a b i l i t y income i n s u r a n c e .
Minneapolis
Dacotah Bank H o l d i n g C o . , Aberdeen, South Dakota, f o r a p p r o v a l
to a c q u i r e a p a r t n e r s h i p , Bank of C r e s b a r d Agency, C r e s b a r d ,
South Dakota, a g e n e r a l i n s u r a n c e agency i n a town of l e s s
than 5,000 population.
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , 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 o r
a c q u i r i n g f o r i t s own account l o a n s and o t h e r e x t e n s i o n s of
c r e d i t such as would be made or a c q u i r e d by a f i n a n c e company,
s e r v i c i n g loans and o t h e r e x t e n s i o n s of c r e d i t , and o f f e r i n g
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 a c c i d e n t and h e a l t h and
c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e ; such a c t i v i t i e s w i l l
i n c l u d e , but n o t be l i m i t e d t o , making consumer i n s t a l l m e n t
l o a n s ; p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making
l o a n s and o t h e r e x t e n s i o n s of c r e d i t t o small b u s i n e s s e s ;
making loans and o t h e r e x t e n s i o n s of c r e d i t secured by r e a l
and p e r s o n a l p r o p e r t y ; and o f f e r i n g 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 a c c i d e n t and h e a l t h and c r e d i t - r e l a t e d p r o p e r t y
i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made o r
a c q u i r e d by FinanceAmerica Consumer D i s c o u n t Company) a t 11
North 7th S t r e e t , A l l e n t o w n , P e n n s y l v a n i a , s e r v i n g t h e e n t i r e
s t a t e of P e n n s y l v a n i a , t h r o u g h i t s i n d i e c t s u b s i d i a r y ,
F i n a n c e A m e r i c a Consumer D i s c o u n t Company ( a P e n n s y l v a n i a
corporation) (6/19/81)
San
Francisco
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n
of i n t e n t to r e l o c a t e de novo a c t i v i t i e s (making or a c q u i r i n g
f o r i t s own account l o a n s and o t h e r e x t e n s i o n s of c r e d i t such
as would be made or a c q u i r e d by a f i n a n c e company; s e r v i c i n g
l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; and o f f e r i n g c r e d i t r e l a t e d l i f e i n s u r a n c e ; n e i t h e r c r e d i t - r e l a t e d a c c i d e n t and
h e a l t h nor c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e w i l l be o f f e r e d
in e i t h e r New York o r C o n n e c t i c u t ; such a c t i v i t i e s w i l l i n c l u d e ,
but not be l i m i t e d t o , p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e
c o n t r a c t s , making l o a n s and o t h e r e x t e n s i o n s of c r e d i t t o s m a l l
b u s i n e s s e s , making loans s e c u r e d by r e a l p r o p e r t y , and o f f e r i n g
c r e d i t - r e l a t e d l i f e i n s u r a n c e d i r e c t l y r e l a t e d to e x t e n s i o n s
of c r e d i t made or a c q u i r e d by FinanceAmeric a Mortgage S e r v i c e s
I n c . ) from 3704 Whitney Avenue, S u i t e 9 , Hamden, C o n n e c t i c u t
t o O f f i c e 3 B u i l d i n g C, 422-426 H i g h l a n d s Avenue, C h e s h i r e ,
C o n n e c t i c u t , s e r v i n g t h e s t a t e s of C o n n e c t i c u t and New
York, t h r o u g h i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Mortgage
S e r v i c e s I n c . (a New Hampshire c o r p o r a t i o n ) ( 6 / 1 8 / 8 1 )
H.2, 1981 No 25
- 25 APPLICATIONS RECEIVED-Cont inued
San
Franci sco
Security P a c i f i c Corporation, Los Angeles, C a l i f o r n i a , n o t i f i cation of i n t e n t to engage i n de novo a c t i v i t i e s ( f i n a n c i n g ,
l e a s i n g and s e r v i c i n g a c t i v i t i e s with respect to personal
property and equipment and r e a l property) a t 7171 Mercy Road,
S u i t e 137, Omaha, Nebraska, serving the s t a t e s of Iowa, Nebraska
and South Dakota, through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c
Leasing Corporation ( 6 / 3 / 8 1 )
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REPORTS RECEIVED
Current Report F i l e d Pursuant to S e c t i o n 8 of the
S e c u r i t i e s Exchange Act of 1934
Dry Dock Savings Bank, New York, New York, has f i l e d an
agreement with the Federal Reserve Bank of New York (which
i s authorized to accept such agreements on behalf of the
Board of Governors under delegated a u t h o r i t y ) undertaking
to comply with a l l p r o v i s i o n s which r e l a t e to t h e use of
c r e d i t to finance t r a n s a c t i o n s in s e c u r i t i e s .
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PETITIONS FOR RULEMAKING
None.
i
@FedFRASER