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ANNOUNCEMENT BOARD OF OF GCVERN£^\fc^‘ FEDERAL SYSTEM H.2, 1990, No. 25 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending June 23, 1990 a * * * .^tv* r> ACTIONS TAKEN BY THE^AttS^F GOVERNORS TESTIMONY AND STATEMENTS Credit availability and its effect on the economy — statement by Chairman Greenspan before the Senate Committee on Banking* Housing & Urban Affairs* June 21* 1990. Authorized* June 19* 1990. Condition of Texas banks — statement by Mr. Taylor before the House Committee on Banking* Finance and Urban Affairs* Houston* Texas* June 22* 1990. Authorized* June 19* 1990. BANK HOLDING COMPANIES Banca Commerciale Italiana s.p.A.* Milan, Italy — to engage in securities brokerage and investment advisory services* corporate finance advisory services* foreign exchange services* and to act as riskless principal through BCI Capital Corporation, New York* New York. Approved* June 18* 1990. Bank of Montreal, Toronto* Ontario* Canada — to engage in private placement and riskless principal activities through Nesbitt Thomson Securities* Inc.* New York* New York. Approved* June 18* 1990. Fleet / Norstar Financial Group* Inc.* Providence* Rhode Island* and Fleet / Norstar New York* Inc.* Albany* New York — to engage in private placement* full service brokerage* and riskless principal activities through Adams McEntee* Fleet Norstar Securities Inc.* New York* New York. Approved* June 18* 1990. Metrocorp* Inc.* East Moline* Illinois* and Metro Armored Courier* Inc. — order rejecting determination that armored car services are not closely related to banking* and returning application to Administrative Law Judge for a recommended decision. Authorized* June 18* 1990. Norwest Corporation* Minneapolis* Minnesota* and NCNB Corporation* Charlotte* North Carolina — limited exemption from the t i e - i n prohibitions of Section 106 of the Bank Holding Company Act Amendments of 1970* and proposed rule making exemption available to bank holding companies generally. Approved* June 20* 1990. H.2 JUNE 18, 1990 PAGE 2 TO JUNE 22, 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Regulations H and Y — guidelines for transition capital standards for state member banks and bank holding companies, and guidelines for the leverage standard to be applied to banking organizations in conjunction with the risk-based capital framework (Docket R-0683). Approved, June 20, 1990. Regulations H and Y — standards for the performance of real estate appraisals in connection with federally related transactions involving state member banks and bank holding companies (Docket R-0685). Approved, June 20, 1990. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FQMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management H.2 JUNE 18* 1990 PAGE 3 TO JUNE 22. 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY SM K BRANCHES, DOMESTIC S t . Louis Lemay Bank and Trust Company* St. Louis* Missouri — to establish a branch at 1950 Richardson Road* Arnold* Missouri. Approved* June 18* 1990. Kansas City Mercantile Bank of Kansas City* Kansas City* Missouri — to establish a branch in Blue Springs* Missouri. Approved* June 18* 1990. Atlanta SouthTrust Bank of Pinellas County* St. Petersburg* Florida — to establish a limited service branch at 901 Seminole Boulevard* Largo* Florida. Approved* June 21* 1990. BANK HOLDING COMPANIES GC Abbott Laboratories* Abbott Park* Illinois — request for 0. Ralph Edwards to serve as a director of Abbott Credit Union* North Chicago* Illinois* while serving as a director of First Midwest Bancorp* Inc.* Naperville* Illinois. Granted* June 22* 1990. Staff Director BS&R Atico Financial Corporation* Miami* Florida — proposal that Atico Savings Bank merge with Intercontinental Bank. Approved* June 19* 1990. Chicago Bobcat Financial Corp.* New Vienna* Iowa — acquire New Vienna Savings Bank. Returned* June 21* 1990. S t . Louis Brighton Bancorp* Inc.* Brighton* Tennessee — to acquire Delta Bank & Trust* Drew* Mississippi* successor to Delta Federal Savings and Loan. Permitted* June 22* 1990. Atlanta Cumberland Savings Bancshares* Inc.* Carthage* Tennessee — to convert Cumberland Savings Bank* Carthage* Tennessee* to a commercial bank. Approved* June 18* 1990. Philadelphia FB&T Corporation* Hanover* Pennsylvania — to acquire Monumental Savings Bank* Baltimore* Maryland. Approved* June 22* 1990. to H.2 JUNE 18, 1990 PAGE 4 TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Staff Director BS&R First Commercial Corporation, Little Rock, Arkansas proposal that Benton State Bank, Benton, Arkansas, purchase the assets and assume the liabilities of Benton Savings Bank, Hot Springs, Arkansas. Approved, June 22, 1990. Staff Director BS&R First Wachovia Corporation, Winston-Salem, North Carolina — proposal that The First National Bank of Atlanta, Atlanta, Georgia, purchase the assets and assume the liabilities of FAB, FSB. Approved, June 21, 1990. Staff Director BS&R First York Ban Corp., York, Nebraska -- proposal that The Firs-i National Bank of York, puicndic tne assets and assume the liabilities of First York Federal Savings Association. Approved, June 22, 1990. Kansas City First York Ban Corp., York, Nebraska — to establish an interim thrift to acquire the assets and assume the liabilities of First Federal Savings Association of York. Approved, June 22, 1990. Kansas City FirsTier Financial, Inc., Omaha, Nebraska — to establish FirsTier Savings Bank, FSB, to acquire the assets and assume the liabilities of Occidental Nebraska Savings Bank, FSB. Approved, June 22, 1990. Atlanta Forest Bancorp, Forest, Mississippi — to engage de novo in providing management consulting advice to nonaffiliated banks and nonbank institutions through Bankers Capital Corporation. Permitted, June 20, 1990. H.2 JUNE 18, 1990 PAGE 5 TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Staff Director BS&R Fourth Financial Corporation* Wichita* Kansas — proposal that Bank IV Olathe* N.A.* Olathe* Kansas purchase the assets and assume the liabilities of IV Anchor Savings* F.S.B.* Kansas City* Kansas* which has been established to acquire certain assets and assume deposit liabilities of Anchor Federal Savings and Loan Association* Kansas City* Kansas. Approved* June 21* 1990. Secretary Huntington Bancshares Incorporated, Columbus* Ohio to acquire Huntington Federal Savings Bank* Sebring* Florida. Approved* June 18, 1990. S t . Louis LBT Bancshares* Inc.* Litchfield* Illinois — to acquire Palmer State Bank* Palmer* Illinois. Withdrawn* June 22* 1990. Staff Director BS&R Magna Group* Inc.* Belleville* Illinois — proposal that Magna Bank of Springfield* Springfield* Illinois — purchase the assets and assume the liabilities of Magna Springfield Interim Federal Savings and Loan Association. Approved* June 22* 1990. S t . Louis Magna Group* Inc.* Belleville* Illinois — to engage in the operation of a savings association through acquisition of Magna Springfield Interim Federal Savings and Loan Association* Springfield* Illinois* successor to Citizens Savings and Loan Association* F.A. Permitted* June 22* 1990. Secretary Meridian Bancorp* Inc.* Reading* Pennsylvania — acquire Keystone Mortgage Corporation* Indianapolis* Indiana* and engage in mortgage banking activities. Approved* June 21* 1990. to H.2 JUNE 18, 1990 PAGE 6 TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Richmond MNC Financial, Inc., Baltimore, Maryland — to engage in trust company activities through Security Trust Company of Virginia, National Association, Vienna, Virginia. Approved, June 22, 1990. Staff Director BS&R Mountain Financial Holding Company, Woodland Park, Colorado — proposal that Mountain National Bank purchase the assets and assume the liabilities of Mountain (Interim) Federal Savings Bank. Approved, June 22, 1990. Chicago SCB Bancorp, Inc., Decatur, Illinois — to acquire First Federal Savings and Loan Association of Macon County. Approved, June 18, 1990. Staff Director BS&R SCB Bancorp, Inc., Decatur, Illinois — proposal that Soy Capital Bank and Trust Companypurchase the assets and assume the liabilities of First Federal Savings and Loan Association of Macon County. Approved, June 18, 1990. San Francisco Security Pacific Corporation, Los Angeles, California — to expand the scope of its activities nationwide through Security Pacific Community Services Corporation, Seattle, Washington. Approved, June 19, 1990. New York Stamford Bank Corp., Stamford, New York — The National Bank of Stamford. Approved, June 22, 1990. S t . Louis Washco Bancshares, Inc., Potosi, Missouri — to engage in the operation of a savings association through acquisition of Unipoint Federal Savings Bank, Truman, Arkansas, successor to Unipoint Federal Savings Bank. Permitted, June 22, 1990. to acquire H .2 JUNE 18, 1990 PAGE 7 TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS > S t . Louis First Exchange Bank of North St. Louis County, Florissant, Missouri, proposed purchase of certain assets and acceptance of the transfer of insured deposits of the former Cass Federal Savings and Loan Association of St. Louis. Approved, June 22, 1990. Richmond Northern Neck State Bank, Warsaw, Virginia — to acquire the Tappahanock, Virginia, branch of Perpetual Savings Bank, F.S.B., McLean, Virginia. Approved, June 19, 1990. BANK PREMISES Kansas City Mercantile Bank of Kansas City, Kansas City, Missouri — investment in bank premises. Approved, June 18, 1990. BANKS. STATE MEMBER S t . Louis State Bank of Breese, Breese, Illinois — a dividend. Approved, June 21, 1990. payment of CAPITAL STOCK Chicago De Witt Bancorp, De Witt, Iowa — shares. Approved, June 20, 1990. S t . Louis Dearmin Bancorp, Inc., Odon, Indiana — shares. Approved, June 18, 1990. Dallas First Lockney Bancshares, Inc., Lockney, Texas — redemption of shares. Approved, June 21, 1990. Cleveland Hyden Citizens Bancorp, Inc., Hyden, Kentucky — redemption of shares. Approved, June 18, 1990. redemption of redemption of H .2 JUNE 18, 1990 PAGE 8 TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City Belcaro Bank, Denver, Colorado — control. Permitted, June 22, 1990. Kansas City Cedaredge Financial Services, Inc., Cedaredge, Colorado — change in bank control. Permitted, June 18, 1990. Chicago De Witt Bancorp, Inc., De Witt, Iowa — bank control. Permitted, June 20, 1990. Dallas Independent Financial, Inc., Lubbock, Texas — in bank control. Permitted, June 18, 1990. Kansas City Jefferson Bank and Trust, Lakewood, Colorado — change in bank control. Permitted, June 18, 1990. Atlanta Terrabank Holding Corporation, Miami, Florida — change in bank control. Permitted, June 22, 1990. Dallas Terrell Bancshares, Inc., Terrell, Texas — bank control. Permitted, June 19, 1990. change in bank change in change change in COMPETITIVE FACTORS REPORTS New York Citizens Savings Bank, F.S.B., Ithaca, New York, proposed merger with Citizens Interim Federal Savings Bank — report on competitive factors. Submitted, June 18, 1990. Atlanta Coastal Bank of Georgia, Brunswick, Georgia, proposed purchase of certain assets and assumption of the deposit liabilities of the Brunswick and St. Simons, Georgia, branches of Georgia Federal Bank, FSB, Atlanta, Georgia — report on competitive factors. Submitted, June 18, 1990. H.2 JUNE 18, 1990 PAGE 9 TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Boston Connecticut National Bank, Hartford, Connecticut, proposed merger with Seymour Trust Company, Seymour, Connecticut, and Chester Bank, Chester, Connecticut — report on competitive factors. Submitted, June 19, 1990. S t . Louis First Community Bank, Missouri, Bernie, Missouri, proposed merger with the State Bank of Campbell, Campbell, Missouri — report on competitive factors. Submitted, June 22, 1990. Cleveland Huntington Bank of Kenton County, Inc., Covington, Kentucky, proposed merger with Huntington Bank of Campbell County, Inc., Dayton, Kentucky, and Huntington National Bank of Boone County, Florence, Kentucky — report on competitive factors. Submitted, June 20, 1990. Chicago Iroquois Federal Savings and Loan Association, Watseka, Illinois, proposed merger with Household Bank, f .s.b., Newport Beach, California — report on competitive factors. Submitted, June 19, 1990. Chicago LaSalle Bank Northbrook, Northbrook, Illinois, proposed merger with Exchange Bank of Lake County, Vernon Hills, Illinois — report on competitive factors. Submitted, June 21, 1990. Boston Massbank for Savings, Reading, Massachusetts, proposed purchase of certain assets and assumption of certain deposits in the 648 Fellsway Plaza, Medford, Massachusetts, branch of First Mutual Bank for Savings, Boston, Massachusetts — report on competitive factors. Submitted, June 19, 1990. H.2 JUNE 18, 1990 PAGE 10 TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS New York Midlantic National Bank, Newark, New Jersey, proposed purchase of certain assets and assumption of certain liabilities of Midlantic National Bank / Delaware, Wilmington, Delaware — report on competitive factors. Submitted, June 21, 1990. Richmond Regal Savings Bank, F.S.B., Owings Mills, Maryland, proposed merger with Regal Interim Federal Savings Bank — report on competitive factors. Submitted, June 22, 1990. Richmond Second National Federal Savings Bank, Salisbury, Maryland, proposed merger with Wicomico Interim Federal Savings Bank — report on competitive factors. Submitted, June 22, 1990. Boston Shawmut Bank, National Association, Boston, Massachusetts, proposed merger with Shawmut Bank of Hampshire County, N.A., Amherst; Shawmut Worcester County Bank, N.A., Worcester; Shawmut Arlington Trust Company, Lawrence; Shawmut First Bank and Trust Company, Springfield; and Shawmut Bank of Franklin County, Greenfield, Massachusetts — report on competitive factors. Submitted, June 19, 1990. Chicago Shelby State Bank, Shelby, Michigan, proposed merger with The State Bank of Hesperia, Hesperia, Michigan — report on competitive factors. Submitted, June 21, 1990. Atlanta Southside Bank and Trust Company, Union City, Georgia, proposed merger with SBG Subsidiary, Inc., Roswell, Georgia — report on competitive factors. Submitted, June 21, 1990. Dallas Victoria Bank & Trust Company, Victoria, Texas, proposed merger with Victoria Bank & Trust Company - Central, Gonzales; and Victoria Bank & Trust Company - West, New Braunfels, Texas — report on competitive factors. Submitted, June 19, 1990. H.2 JUNE 18, 1990 PAGE 11 TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Staff Director BS&R Atico Financial Corporation, Miami, Florida — extension to March 1, 1991, to meet certain divestiture or conversion requirements. Granted, June 22, 1990. Richmond Bank of Hampton Roads, Chesapeake, Virginia — extension to September 22, 1990, to establish a branch at 1500 M t . Pleasant Road. Granted, June 20, 1990. Richmond Beacon Capital Corporation, Henderson, North Carolina — extension to September 21, 1990, to acquire Vance National Bank. Granted, June 20, 1990. S t . Louis Commercial Bancorp, Inc., Obion, Tennessee — extension to September 25, 1990, to engage de novo in community development activities. Granted, June 20, 1990. Atlanta FCB Corporation, Manchester, Tennessee — extension to July 16, 1990, to acquire additional shares of Bank of Waynesboro, Waynesboro, Tennessee. Granted, June 22, 1990. Atlanta First National Financial Corporation, Albany, Georgia — extension to September 19, 1990, to acquire First National Bank of the South. Granted, June 22, 1990. Chicago First of America Bank Corporation, Kalamazoo, Michigan — extension to October 2, 1990, to acquire Primebank, Federal Savings Bank, Grand Rapids, Michigan. Granted, June 22, 1990. Atlanta Premier Bancorp, Inc., Baton Rouge, Louisiana — extension to September 18, 1990, to acquire Florida Street National Bank. Granted, June 22, 1990. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, June 18, 1990. H.2 JUNE 18, 1990 PAGE 12 TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco U.S. Bancorp, Portland, Oregon — extension to September 27, 1990, to expand insurance activities of M t . Hood Life Insurance, Inc., Phoenix, Arizona. Granted, June 22, 1990. INTERNATIONAL OPERATIONS Boston State Street Bank and Trust Company, Boston, Massachusetts — to establish a branch in Hong Kong. Approved, June 18, 1990. Minneapolis Montana Bank of Red Lodge, Red Lodge, Montana — to become a member of the Federal Reserve System. Approved, June 22, 1990. San Francisco Nevada Community Bank, Las Vegas, Nevada — a member of the Federal Reserve System. Approved, June 20, 1990. MEMBERSHIP to become RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Cleveland — computer equipment. Approved, June 21, 1990. to purchase H .2 JUNE 18, 1990 PAGE 13 ADDITIONS AND CORRECTIONS TO JUNE 22, 1990 ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Fourth Financial Corporation* Wichita* Kansas — to establish an interim thrift to acquire the assets and assume the liabilities of Anchor Savings and Loan Association* Kansas City* Kansas. Approved* June 11* 1990. Chicago Lakeview Financial Corp.* Lakeview* Michigan — to engage in providing affordable housing to senior citizens with low to moderate incomes through a community development corporation to be established. Returned* June 8, 1990. H.2 JUNE 18, 1990 PAGE 14 ADDITIONS AND CORRECTIONS TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Merchants Capital Corporation* Vicksburg* Mississippi — to establish Merchants Bank For Savings* FSB* to acquire certain assets and assume certain liabilities of the Vicksburg Branch of UniFirst Bank For Savings* FSLA* Jackson* Mississippi* and facilitate the merger of UniFirstTs Vicksburg Branch into Merchants National Bank* Vicksburg* Mississippi. Approved* June 15* 1990. Kansas City Mountain Financial Holding Company* Woodland Park* Colorado — to acquire Mountain National Bank and establish an interim thrift to acquire the assets and assume the liabilities of Rocky Mountain F.S.B. Approved* June 15* 1990. Atlanta NBN Corporation* Newport* Tennessee — to acquire First Peoples Bancorp* Inc.* Jefferson City* Tennessee* and First Peoples Bank of Jefferson County. Approved* June 15* 1990. Atlanta Newton County Bancorporation* Inc* Newton* Mississippi — to establish Newton County Bank For Savings* FSB* and acquire certain assets and assume certain liabilities of the Newton Branch of UniFirst Bank For Savings* FSLA* Jackson* Mississippi* and to facilitate the merger of UniFirstTs Newton Branch into Newton County Bank* Newton* Mississippi. Approved* June 15* 1990. Atlanta Port Gibson Corporation* Port Gibson* Mississippi — to establish Port Gibson Bank For Savings* FSB* to acquire certain assets and assume certain liabilities of the Port Gibson Branch of UniFirst Bank For Savings* FSLA* Jackson* Mississippi* and to facilitate the merger of UniFirstTs Port Gibson Branch into Port Gibson Bank* Port Gibson* Mississippi. Approved* June 15* 1990. H.2 JUNE 18, 1990 PAGE 15 ADDITIONS AND CORRECTION’S TO JUNE 22, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Trustmark Corporation, Jackson, Mississippi — to establish Trustmark Interim, FSB, to acquire certain assets and assume certain liabilities of the Jackson; Hattiesburg; Meridian; and Louisville Branches of UniFirst Bank For Savings, FSLA, Jackson, Mississippi, and to facilitate the merger of these UniFirst branches into Trustmark National Bank. Approved, June 15, 1990. COMPETITIVE FACTORS REPORTS S t . Louis Peoples Bank of Bullitt County, Shepherdsville, Bullitt County, Kentucky, proposed merger with TP Bank, Inc. — report on competitive factors. Submitted, June 8, 1990. San Francisco Torrance National Bank, Torrance, California, proposed merger with Home Bank, Signal Hill, California — report on competitive factors. Submitted, June 14, 1990. EXTENSIONS OF TIME New York Saban S.A., Panama City, Republic of Panama — extension to September 15, 1990, to acquire Safra National Bank of New York. Granted, June 14, 1990. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date The Royal Bank of Scotland Federal Register Group pic, Edinburgh, United Kingdom - 4(c) (8) application for prior approval to engage indirectly through its wholly owned subsidiaries Charterhouse Inc., Charterhouse North American Securities, Inc., and Charterhouse Properties, Inc., in certain nonbanking activities, to acquire a partnership interest in a de novo general partnership, Continental Partners, arid to engage indirectly through Continental Partners in certain nonbanking actitivies First Regional Bancorp, Federal Register Inc., Hartford, Connecticut - 4 (c) (8) application to engage in the private placement of debt and equity securities and to provide merger and acquisition advice and services through First Regional Investcorp, Inc., Hartford, Connecticut Not Yet Established 07-11-90 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Acolication NONE ♦Subject to CRA F e d e r a l R e s e r v e B an k o f New Y o rk Comment Period Endincr Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ Chemical Bank, New York, New York to establish a branch at The Warwick Hotel, 65 West 54th St., New York, New York.l/ 7/16/90 SECTION II Applications Subject to Both Newsoacer and Federal Register Notice Alfred R. Urbano, Mahwah, New Jersey to retain 10.82 percent of Great Falls Bancorp, Totcwa, New Jersey. 7/3/90 4/ George Gale Foster Corp., Poughkeepsie, New York to become a bank holding company with respect to Fishkill National Corp., Beacon, New York.l/ 7/19/90 2/ BanPonce Corporation, Hato Rey, Puerto Rico, to acquire Banco Popular de Puerto Rico, Hato Rey, Puerto Rico and Banco Popular de Puerto Rico, Hato Rey, Puerto Rico, to merge into Banco de Ponce, Ponce, Puerto Rico, a subsidiary of BanPonce Corporation.1/ 7/17/90 3/ United Bank Corporation of New York, Downsville, New York to increase its interest in shares of The Citizens National Bank of Hammond, Hammond, New York from 4.96 percent to 10.9 percent.l/ 7/20/90 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Onlvi Saastopankkien Keskus-Osake-Parikki, Helsinki, Finland to continue to engage through its subsidiary, Union Mortgage Company, Inc., in credit-related insurance agency activities. 7/9/90 Societe Generale, Paris, France to engage through its indirect subsidiary, FIMAT Futures USA, Inc., Chicago, Illinois, in the execution and clearance of certain stock-indexed financial futures contracts and options on such futures contracts. 7/10/90 Creditanstalt-Bankverein, Vienna, Austria to engage through its subsidiary, Creditanstalt International Advisers, Inc., New York, New York, in providing full service brokerage services, including acting as riskless principal, and providing certain corporate financial advisory services. 7/17/90 KeyCorp, Albany, New York, and Key Bancshares of Wyoming, Inc., Cheyenne, Wyoming to engage de novo through their subsidiary, The Key Trust Company of the West, Cheyenne, Wyoming, in trust company activities. N/A Swiss Bank Corporation, Basel, Switzerland to engage indirectly through its wholly owned subsidiary, SBC Government Securities Inc., New York, New York, in the purchase and sale of certain Eurobond obligations as riskless principal. N/A SECTION IV Applications Not Involving ______Public Comment_____ 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date nay be specified in the Federal Register notice. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FED ER A L R E SE R V E BANK OF PH ILA D ELPH IA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Fanners Trust Bank, Lebanon, PA to establish a Remote Service Facility (in Fort Indiantown Gap) to be located at Fisher Ave. & Rickards Road, Annville, Union Township, PA. 7/15/90 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Pate First Peoples Financial Corp., Haddon Township, NJ request permission for Lewis Katz to acquire up to 13.68% of common stock of First Peoples Financial Corp., pursuant to the Change in Bank Control Act. N ewspaper: Federal Register: N /A * N/A* SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Meridian Bancorp, Inc., Reading, PA to engage de novo in providing data processing services and management consulting to depository institutions, pursuant to Section 4(c)(8) of the Bank Holding Company Act. (Secretary delegated) 7/9/90 Citizens Financial Services, Inc.. Mansfield, PA to acquire Star Savings and Loan Association, Sayre, PA, pursuant to Section 4(c)(8) of the Bank Holding Company Act. 7/10/90 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ * Subject to provisions of Community Reinvestment Act. N/A - not yet available. F e d e r a l R e s e r v e Bank o f C le v e la n d Applications Bulletin For Week Ending June 23, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION C O M M E N T P E RIOD ENDING Rece i v e d Section 3 ( a ) (1) application on June 21, 1990 from The M & B Capital Company, Mentor, Ohio, to acquire The Merchants & Business Bank, Mentor, Ohio. * N - J u l y 20, 1990 Received Section 3 ( a ) (3) application on June 22, 1990 from First Financial Bancorp., Monroe, Ohio, to acquire Trustcorp Bank, Dunkirk, Dunkirk, Indiana. * N - J u l y 21, 1990 Received Section 3(a) (3) application on June 22, 1990 from First Financial Bancorp., Monroe, Ohio, to acquire Trustcorp Bank, Hartford City, Hartford City, Indiana, Indiana. * N - J u l y 21, 1990 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE * # N F - Subject to CRA E xpected to end approximately 30 days from the d a t e of receipt Newspaper Comment Period Federal Register Comment Period Applications Bulletin For Week Ending June 23, 1990 SECTION IV - APPLICATIONS HOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * # N F - S u b j e c t to CRA E x p e c t e d to end approximately 30 days from the date of rece i p t N e w s p a p e r Comment Period Federal Register Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Central Fidelity Bank, Richmond, Virginia, for permission to establish a branch at 1142 Big Bethel Road, Hampton, Virginia.* 7-20-90 Central Fidelity Bank, Richmond, Virginia, for permission to establish a branch at the intersection of Brandon Avenue and Colonial Avenue, Roanoke, Virginia.* 7-21-90 First Virginia Bank-Planters, Bridgewater, Virginia, to acquire certain assets and assume certain liabilities of the Harrisonburg, Virginia, branch of CorEast Savings Bank, FSB, Richmond, Virginia.* 7-23-90 First Virginia Bank-Piedmont, to acquire certain assets and liabilities of the Brookneal, of CorEast Savings Bank, FSB, 7-23-90 Lynchburg, Virginia, assume certain Virginia, branch Richmond, Virginia.* Section II - Applications Subject to Both Newspaper and Federal Register Notice Application NCBC Corporation, Charlotte, North Carolina, to retain shares of NCNB America Bank, Newark, Delaware.** Comment Period Ending Date Not yet available. Section III - Applications Subject to Federal Register Notice Application South Carolina National Corporation, Columbia, South Carolina, to engage in deposit taking activities, lending, originating mortgage loans, and other activities that are permissible for a bank holding company through the acquisi tion of Atlantic Savings Bank, FSB, Hilton Head Island, South Carolina.** Comment Period Ending Date Not yet available. *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Rese rv e Bank of At l a n t a A p p l i c a t i o n s B u l l e t i n for Week Ending June 22. Section I - Applications Subject Application To N e w s p a p e r Comment Period 1990 Notice Only Ending Date C l a n t o n In t e r i m Bank Clanton, A l a b a m a To merge with The Peoples Savings Bank, Clanton, Alabama. Clanton Interim Bank Clanton, Alabama To b e c o m e a me m b e r of the the Federal R e s e r v e Act. Federal Reserve System, pursuant to se ction 9 of C o m m e r c i a l State Bank 0 7 - 1 0 - 9 0 (CRA) Orlando,Florida Newspaper To e s t a b l i s h a branch offi ce at 441 and T a f t - V i n e l a n d Road, Orlando, Florida, to be known as the South 441 Office. Hega Bank Miami,Florida To e s t a b l i s h a branch offi ce at 46 Southwest be know n as the D o w n t o w n Office. 1st 0 7 - 1 6 - 9 0 (CRA) Newspaper St re et , Miam i, Florida, S e c t i o n II - A p pl ic at io ns Subj ec t To Both N e w s p a p e r and Federal Re gi s t e r N o t i c e A p pli c a t i o n Comment A u b u r n N a ti on al B a n c o r p o r a t i o n Aubu rn , A l a b a m a C h a n g e in cont ro l by E d w a r d L. Spencer to ac qu ir e pe rc e n t of the o u t s t a n d i n g shares of common stock total o w n e r s h i p to 16 percent. E u f a u l a Ba nc Co rp , Inc. Euf au l a , A l a b a m a To a c q u i r e 1st A m e r i c a n Bank of Walton County, Fina nc ia l C o r p o r a t i o n Cl e w i s t o n , Florida 1-BHC f o r m at io n, C l e w i s t o n National Period E n d i n g Date an a d d i t i o n a l 4.25 that will in crease his Inc., D e st in , CNB Bank, C l ew is to n, Flor id a. Florida. to Week Ending June 22, 1990 Section II - A p p l i c a t i o n s Su bj ec t To Both Newspaper and Federal R e g i s t e r N o ti ce A p pli c a t i o n Co mm en t Pe r i o d En di ng Date Bank C o r p o r a t i o n of Georgia Maco n, Ge or gi a To a c q u i r e 43 percent of AmeriCorp, Inc., Savannah, Ge orgia, and t h e r e b y i n d i r e c t l y a c qu ir e its s u b s id ia ry bank, A m e r iB an k, N.A., Sava nn ah , G e o r g i a . No rt h F u l t o n Bancshares, Inc. R o s w e l l , Georgia 1-BHC f o r m a t i o n , Milton National Section III - A p pl ic at io ns Bank, Subject Roswell, G e or gi a To Federal (in o r g a n i z a t i o n ) . Register No ti ce Only Application S y n o v u s Fina nc ia l Corp. 07-10-90 C o l u m b u s , Georgia S y n o v u s alon g with TB&C Bancshares, Inc., Co lumbus, Ge orgia, pr op o s e s to e x p a n d the ac ti vi ti es of its w h o l l y - o w n e d s u b s id ia ry , S y n o v u s S e c u r i t i e s , Inc., Co l u m b u s , Georgia, and enga ge de novo in p r o v i d i n g e m p l o y e e b e n e f i t s c o n s u l t i n g services, pursuant to se ct io n 2 2 5 . 2 3 ( a ) ( 3 ) of R e g u l a t i o n Y. Federal Reserve Bank of Chicago Section 1 - Applications Subject to Newspaper floy.ce.9aly Type Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 Bank of Montreal Montreal, Canada Frankfort Bancshares, Inc. Frankfort, Illinois Frankfort State Bank Frankfort, Illinois* FR - 7-2-90 N - 6-17-90 Y-2 Bankmont Financial Corp. New York, New York Frankfort Bancshares, Inc. Frankfort, Illinois Frankfort State Bank Frankfort, Illinois* FR - 7-2-90 N - 6-17-90 Y-2 Harris Bankcorp, Inc. Chicago, Illinois Frankfort Bancshares, Inc. Frankfort, Illinois Frankfort State Bank Frankfort, Illinois* FR - 7-2-90 N - 6-17-90 CoC-HC Oswego Bancshares, Inc. Oswego, Illinois Oswego Community Bank Employee Stock Ownership Plan Oswego, Illinois FR - 6-29-90 N - 6-28-90 Y-2 Alpha Banco, Inc. Alpha, Illinois The Bank of Alexis Alexis, Illinois* FR - 6-20-90 N - 6-26-90 Y-2 Palmer Bancorp, Inc. Danville, Illinois The Citizens State Bank Williamsport, Indiana* FR - 7-2-90 N - 6-29-90 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-l Liberty Bank Stock Bonus Plan and Trust Milwaukee, Wisconsin Liberty Bank Milwaukee, Wisconsin* PR - 7-3-90 N - 7-5-90 Y-l Garwin Bancorporation Garwin, Iowa Farmers Savings Bank Garwin, Iowa* FR - ** N - 6-25-90 Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application 4(c)(8) Lanark Bancshares, Inc. Lanark, Illinois Lanark Bancshares Insurance Agency, Inc. Lanark, Illinois FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application HoS Union-Calhoun Investments, Ltd. Rockwell City, Iowa To redeem 8,228 shares of common stock RoS GSB of George, Iowa George, Iowa To redeem 24,400 shares of common stock RoS Mauston-Grand Marsh Bancorp, Inc. Mauston, Wisconsin To redeem 50 percent of common stock from John Bosshard Estate and Rylla Bosshard N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time June 22, 1990 Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Change in control notification involving Citizens of Hardeman County Financial Services, Inc., Whiteville, Tennessee, by Frank T. Bass (Not available) Change in control notification involving First Community Bancshares, Inc., Middleton, Tennessee, by James S. Simpson (Not available) ^Section 3(a)(1) application by Batesville Bancshares, Inc., Batesville, Arkansas, to acquire Bank of Evening Shade, Evening Shade, Arkansas (Newspaper 7-31-90) ^Section 3(a)(3) application by First Banks, Inc., St. Louis, Missouri, to acquire Havana Bancshares, Inc., Springfield, Illinois (Newspaper 7-12-90) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Stock redemption notification by First Community Bancshares, Inc., Middleton, Tennessee* * This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment P e r io d E n d in g D ate Application The Northern Bank Anoka, MN To establish a de novo branch in Anoka, MN 7-1-90 Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Gaylord Bancorporation, Ltd. Gaylord, MN To acquire Nicollet State Bank, Nicollet, MN* 7-8-90 (Newspaper) Allen W. Buhr and family To acquire control of 21.7% of Valley Holding Company, Ronan, MT Not yet available Section III - Applications Subject to Federal Register Notice Only Application Norwest Corporation Minneapolis, MN To engage in general insurance agency activities through the acquisition of American Land Title Co., Omaha, Nebraska. ^Subject to CRA Comment Period Ending Date 7-9-90 FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Valley Holding Company Ronan, MT To redeem 15.4% of its voting shares. ^Subject to CRA Federal Reserve Bank o f Kansas City SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION P a w n e e H o l d i n g Company, Inc., Pawnee, O k l a h o m a , for prior approval to b e c o m e a b a n k holding c o mpany t h r o u g h the a c q u i s i t i o n of 99 percent of the v o t i n g s h a r e s of The Pawnee N a t i o n a l Bank, P a w n e e , Oklahoma.* COMMENT PERIOD ENDING DA T E Not A v a i l a b l e S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H N E W S P A P E R A ND F E D E R A L R E G I S T E R N O T I C E APPLICATION COMMENT PERIOD ENDING D A T E R o g e r s C o u n t y Bank Holding Company, C l a r e m o r e , Oklahoma, for prior a p p r o v a l to a c q uire 100 percent of the v o t i n g shares of Bank of O k l a h o m a , Claremore, Oklahoma, and B a n k of Oklah o m a , Pryor, O k l a h o m a . * Not A v a i l a b l e S a n d S p r i n g s Bancshares, Inc., Tulsa, O k l a h o m a , for prior approval to b e c o m e a bank holding company thr o u g h the a c q u i s i t i o n of 100 percent of the v o t i n g s h a r e s of Bank of Oklahoma, S a n d S p r i n g s , Oklahoma.* Not A v a i l a b l e M a r g a r e t A. Moffet, Larned, Kansas, for p r i o r a p p r o v a l to increase her o w n e r s h i p inter e s t in Pawnee B a n c s h a r e s , Inc., Larned, Kansas, by 1 4 . 5 2 p e r c e n t to 38.31 percent. Not A v a i l a b l e R o b e r t L. Sellard, Mullinville, K a n s a s , for approval to retain 100 p e r c e n t of Ingalls Insurance Agency, Inc., Ingalls, Kansas. Not A v a i l a b l e R o b e r t Sellard, Mullinville, Kansas, for a p p r o v a l to retain 59.3 p e r c e n t of First S t a t e Holding Co., Inc., M u l l i n v i l l e , Kansas. Not A v a i l a b l e Federal Reserve Bank o f Kansas City Lindoe, Inc., Ordway, Colorado, for prior approval to acquire .364 percent, for a total of 5.36 percent, of the voting shares of Pueblo Bancorporation, parent of Pueblo Bank and Trust Co., Pueblo, Colorado.* Not A v a i l a b l e SECTION III - APPLICATIONS SUBJECT TO FEDERAL R E G I S T E R NOTICE ONLY APPLICATION COMMENT P E RIOD E N D I N G DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION First York Ban Corp., York, Nebraska, filed in conjunction with an Oakar conversion, to establish an interim thrift to acquire the assets and assume the liabilities of First Federal Savings Association of York, York, Nebraska. Not Available Mountain Financial Holding Company, Woodland Park, Colorado, filed in conjunction with an Oakar conversion, to establish an interim thrift to acquire the assets and assume the liabilities of Rocky Mountain F.S.B., Woodland Park, Colorado. Not Available FirsTier Financial, Inc., Omaha, Nebraska, to establish FirsTier Savings Bank, FSB, Omaha, Nebraska, to acquire the assets and assume the liabilities of Occidental Nebraska Savings Bank, FSB, Omaha, Nebraska. Not Available *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 18, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE ** NOTICE EXP APPLICATION ♦Section 3(a)(1) application by Chico Bancorp, Inc., Chico, TX, to acquire The First State Bank of Chico, Chico, TX Change in Control Notice by Vincent John Viola, Chatham, New Jersey, to acquire an interest in Farmersville Bancshares, Inc., Farmersville, TX 90/07/19 N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FHKRAL KESHWE BANK OF SAN FRANCESCO Week ending 6/22/90 Section I - Applications Subject to Newspaper N otice Only A pplication Comment Period Ending Date None Section I I - Applications Subject to Both Newspaper and Federal R egister N otice Larry Shehadey, Fresno, C alifo rn ia, to increase ownership from 9 .9 3 to 15.0 0 percent o f V allio o rp Holdings, In c ., Fresno, C a lifo rn ia . S h irle y W. Nelson, Walnut Creek, C alifo rn ia, to increase ownership from 10 .5 3 to 10 .8 1 percent o f Summit Bancshares, In c ., Oakland, C a lifo rn ia . Fed. R e a.: 6/27/90 Newspaper: 7/17/9 0 Fed. R ea.: 7/16 /9 0 Newspaper: 7/23/9 0 Section I I I - A pplications Subject to Federal R e g iste r N otice Only F ir s t S e cu rity Corporation, S a lt Lake C ity , Utah, to expand the a c t iv it ie s o f F ir s t S e cu rity Discount Brokerage, In c ., S a lt Lake C ity , Utah, to include investment advisory and p riv a te placement se rv ice s fo r r e ta il and in stitu tio n a l customers. Fed. R ea.; Not y e t published Section IV - A pplications Not Subject to Federal R e g iste r Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER