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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1988, No- 26 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending June 25, 1988 ACTIONS TAKEN BY THE BOARD OF GOVERNORS FORMS Consolidated Bank Holding Company Financial Statements (FR Y-9c) — extension with revision. Approved, June 22, 1988. Regulation K Notification (FR 4002) — Proposed, June 24, 1988. extension. Report vf Transaction Accounts, Other Deposits and Vault Cash (FR 2900); Report of Certain Eurocurrency Transactions (FR 2950 / 2951); Quarterly Report of Selected Deposits, Vault Cash and Reservable Liabilities (FR 2910q);.Annual Report of Total Deposits and Reservable Liabilities (FR 2910a); Advance Report of Deposits from Large Banks (FR 2000); and Advance Report of Deposits from Small Banks (FR 2001) — extension with revisions. Proposed, June 22, 1988. Third - Party Disclosure and Recordkeeping Requirements -- extension. Approved, June 24, 1988. GENERAL ACCOUNTING OFFICE International banking — response to final General Accounting Office report, "International Banking: Supervision of Overseas Lending Is Inadequate." Authorized, June 22, 1988. REGULATIONS AND POLICIES Regulation D — interpretation to clarify the sale of short-term loans made under long-term lending commitments known as loan strips (Docket R-0641). Proposed, June 22, 1988. H.2 JUNE 20, 1988 PAGE 2 TO JUNE 24, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&QA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBd - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Richmond Bank of Northern Virginia, Arlington, Virginia — to establish a branch at 2230 Arlington Boulevard. Approved, June 23, 1988. Cleveland Trustcorp Bank, Ohio, Toledo, Ohio — to establish a CBCT branch at 1400 Dusell Road, Maumee, Ohio. Approved, June 21, 1988. BANK HOLDING COMPANIES Chicago Bank of Montreal, Montreal, Quebec, Canada, and Bankmont Financial Corporation, Wilmington, Delaware — to engage in trading of U.S. government securities through Harris Government Securities, Inc., Chicago, Illinois. Permitted, June 21, 1988. Kansas City Columbian Corporation, Topeka, Kansas — to merge with Topeka Bank Shares, Inc., and Columbian Financial Corporation, and to acquire The Topeka Bank and Trust Company, and Columbian National Bank and Trust Company. Approved, June 22, 1988. Chicago Danville, Bancshares, Inc, Danville, Iowa — acquire Danville State Savings Bank. Approved, June 22, 1988. Chicago 1889 Bancorp, East Lansing, Michigan — to acquire Pioneer Bank, North Branch, Michigan. Approved, June 21, 1988. Chicago First Affiliated Bancorp, Inc., Watseka, Illinois — to acquire Watseka First National Bank. Approved, June 22, 1988. Minneapolis First Bank System, Inc., Minneapolis, Minnesota — to engage in mortgage banking through Caylor Financial Services of Wisconsin, Inc., Brookfield, Wisconsin. Approved, June 24, 1988. to H.2 JUNE 20, 1988 PAGE 3 TO JUNE 24, 1988 ACTIONS TAKEN B Y THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Boston First Litchfield Financial Corporation* Litchfield* Connecticut — to acquire The First National Bank of Litchfield. Approved* June 20* 1988. St. Louis First United Bancshares* Inc.* Cl Dorado* Arkansas — to acquire First City Corp.* Fort Smith Arkansas* and The City National Bank of Fort Smith. Approved* June 24* 1988. Chicago Gillespie Bancshares* Inc.* De Soto* Wisconsin — acquire De Soto State Bank. Approved* June 21* 1988. St. Louis Hancock Bancorp* Inc.* Hawesville* Kentucky — to acquire Breckinridge Bank* Cloverport* Kentucky Approved* June 20* 1988. Dallas Lubbock Bancorporation* Inc.* Lubbock* Texas — acquire Bank of the West. Withdrawn* June 22* 1988. Minneapolis Mid * Wisconsin Financial Services* Inc.* Medford* Wisconsin — to acquire the Security State Bank of Colby* Colby* Wisconsin. Approved* June 21* 1988. Chicago NBD Bancorp* Inc.* Detroit* Michigan — to acquire Trust Company of Naples* Naples* Florida* and engage in trust activities. Approved* June 20* 1988. Dallas Northwest Bancorporation Inc.* Houston* Texas — acquire Northwest Bank. Approved* June 23* 1988. Kansas City Schuyler Bancorporation* Schuyler* Nebraska — to acquire Schuyler State Bank & Trust Company. Withdrawn* June 21* 1988. Richmond Signet Banking Corporation* Richmond* Virginia — to engage de novo in loan activities through Signet Investment Banking Company. Permitted* June 22* 1988. to to to H.2 JUNE 20, 1988 PAGE 4 TO JUNE 24, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Sturm Investment, Inc., Omaha, Nebraska — to engage in promissory notes related to stock purchases by personnel. Permitted, June 21, 1988. St. Louis Terre Du Lac Bancshares, Inc., St. Louis, Missouri — to acquire Ozarks National Bank, Lake Ozark, Missouri, Approved, June 22, 1988. Atlanta Volunteer State Bancshares, Inc., Portland, Tennessee — to acquire BOC Bancorp, Inc., Woodbury, Tennessee, and Bank of Commerce. Approved, June 24, 1988. San Francisco Wells Fargo & Company, San Francisco, California — to engage de novo in home mortgage redemption insurance through Crocker Life Insurance Company, Oakland, California. Permitted, June 22, 1988. BANK MERGERS St. Louis Fayette County Bank, St. Elmo, Illinois — with St. Elmo Bank. Approved, June 20, 1988. to merge BANK PREMISES New York Banco De Ponce, Hato Rey, Puerto Rico — in bank premises. Approved, June 23, 1988. Richmond Farmers and Miners Bank of Lee County, Pennington Gap, Virginia — investment in bank premises. Approved, June 24, 1988. Chicago 1st Source Bank, South Bend, Indiana — bank premises. Approved, June 24, 1988. Chicago Markesan State Bank, Markesan, Wisconsin — investment in bank premises. Approved, June 23, 1988. investment investment in H.2 JUNE 20, 1988 PAGE 5 TO JUNE 24, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Minneapolis North Shore Bank of Commerce, Duluth, Minnesota — investment in bank premises. Approved, June 24, 1988. BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS Atlanta Eastern Airlines Federal Credit Union, Miami Springs, Miami, Florida — transfer agent registration. Withdrawn, June 22, 1988. BANKS, STATE MEMBER Minneapolis Culbertson State Bank, Culbertson, Montana — of a dividend. Approved, June 22, 1988. payment St. Louis Elliott State Bank, Jacksonville, Illinois — of a dividend. Approved, June 22, 1988. payment CAPITAL STOCK Kansas City Arkansas Valley Bancshares, Inc., Broken Arrow, Oklahoma — redemption of shares. Approved, June 22, 1988. Minneapolis BCB Bancorp, Inc., Chippewa Falls, Wisconsin — redemption of shares. Approved, June 23, 1988. Minneapolis Cameron Investment Company, Inc., Cameron, Wisconsin — redemption of shares. Approved, June 22, 1988. Richmond C.R.N.B. Shares, Inc., Richwood, New Jersey — redemption of shares. Approved, June 22, 1988. Staff Director BS&R European American Bank, New York, New York — redemption of shares. Approved, June 23, 1988. H.2 JUNE 20, 1988 PAGE 6 TO JUNE 24, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Kansas City Springfield Bank Company, Inc., Springfield, Nebraska — redemption of shares. Approved, June 24, 1988. CHANGE IN BANK CONTROL Kansas City American National Bancshares, Inc., Baxter Springs, Kansas — change in bank control. Permitted, June 24, 1988. Minneapolis Cameron Investment Company, Inc., Cameron, Wisconsin — change in bank control. Permitted, June 22, 1988. Dallas First Artesia Bancshares, Inc., Artesia, New Mexico — change in bank control. Permitted, June 20, 1988. Chicago First Berne Financial Corporation, Berne, Indiana — change in bank control. Permitted, June 20, 1988. Secretary First Delta Corporation, Helena, Arizona — bank control. Permitted, June 22, 1988. Chicago Maroa Bancshares, Inc., Maroa, Illinois — bank control. Permitted, June 22, 1988. change in change in COMPETITIVE FACTORS REPORTS Boston Bank of New England - Old Colony, N.A., Providence, Rhode Island, proposed acquisition of certain assets and assumption of liability to pay deposits of The Cumberland, Rhode Island Branch of Old Stone Bank, FSB — report to the Comptroller of the Currency on competitive factors. Submitted, June 23, 1988. H.2 JUNE 20, 1988 PAGE 7 TO JUNE 24, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Citizens Bank, Vienna, Georgia, proposed merger with State Bank & Trust Company, Unadilla, Georgia — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 21, 1988. St. Louis The Citizens National Bank of Tell City, Indiana, proposed merger with CNB Bank, National Association — report to the Comptroller of the Currency on competitive factors. Submitted, June 22, 1988. Kansas City First Wyoming Bank - Cody, Cody, Wyoming, proposed merger with First Wyoming Bank - Meeteetse, Meeteetse, Wyoming — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 21, 1988. Kansas City First Wyoming Bank - Rawlins, Rawlins, Wyoming, proposed merger with First Wyoming Bank - Hanna, Hanna, Wyoming — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 21, 1988. Boston Granite Co-operative Bank, Quincy, Massachusetts, proposed merger with Abington National Bank, Abington, Massachusetts — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 23, 1988. Atlanta Jackson County Bank, Gainesboro, Tennessee, proposed merger with Jackson County Interim Bank — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 23, 1988. Chicago M&I Greater Milwaukee Bank, Milwaukee, Wisconsin, proposed merger with Greater Milwaukee Bank — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 20, 1988. H.2 JUNE 20, 1988 PAGE 8 TO JUNE 24, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas Oak Forest National Bank, Longview, Texas, proposed merger with Longview Bank and Trust Company— report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 21, 1988. Kansas City Ranchers State Bank, Belen, New Mexico., proposed merger with Ranchers State Interim Bank — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, June 21, 1988. Dallas Tascosa National Bank of Amarillo, Amarillo, Texas, proposed merger with The First National Bank of Amarillo, Amarillo, Texas — report to the Comptroller of the Currency on competitive factors. Submitted, June 23, 1988. Atlanta Trust Company of Naples, Naples, Florida, proposed merger with NBD Trust Company of Florida, National Association, North Palm Beach, Florida — report to the Comptroller of the Currency on competitive factors. Submitted, June 24, 1988. EXTENSIONS OF TIME Richmond The Bank of Waverly, Waverly, Virginia — extension to February 28, 1989, to establish a branch at 233 South County Line Drive. Granted, June 24, 1988. San Francisco BankAaerica Corporation, San Francisco, California extension to divest certain property. Granted, June 24, 1988. Atlanta Barnett Banks, Inc., Jacksonville, Florida — extension to September 9, 1988, to expand activities of Barnett Merchants Services, Inc. Granted, June 22, 1988. H.2 JUNE 20, 1988 PAGE 9 TO JUNE 24, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIHE Atlanta Citizens National Bancorp, Inc., Athens, Tennessee — extension to September 29, 1988, to acquire Citizens National Bank of Athens. Granted, June 22, 1988. Richmond City National Bancorporation, Inc., Washington, D.C. — extension to September 5, 1988, to acquire City National Bank of Washington, Washington, D.C. Granted, June 22, 1988. Chicago Comerica Incorporated, Detroit, Michigan — extension to September 20, 1988, to engage in lending activities through Comerica Acceptance Corporation. Granted, June 24, 1988. Atlanta Community Bankshares, Inc., Cornelia, Georgia — extension to September 14, 1988, to engage in insurance activities through Community Insurance Agency. Granted, June 22, 1988. Philadelphia CoreStates Financial Corp., Philadelphia, Pennsylvania — extension for one year to retain ownership of assets previously acquired. Granted, June 23, 1988. San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain property. Granted, June 22, 1988. Chicago Midlothian State Bank Employees Stock Ownership Trust, Midlothian, Illinois — extension to September 26, 1988, to acquire Midlothian State Bank. Granted, June 23, 1988. Chicago Oxford Bank Corporation, Oxford, Michigan — extension to October 6, 1988, to acquire Oxford Bank. Granted, June 23, 1988. San Francisco Wells Fargo & Company, San Francisco, California — extension to divest certain property. Granted, June 24, 1988. H.2 JUNE 20, 1988 PAGE 10 TO JUNE 24, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY INTERNATIONAL OPERATIONS Staff Director BS&R Citicorp, New York, New York — to make an additional investment in Citicorp Securities Ireland, Dublin, Ireland. Permitted, June 20, 1988. Staff Director BS&R The First National Bank of Boston, Boston, Massachusetts — relief from commitment not to share name with the The Commercial Bank of Manila, Manila, Philippines, which it had acquired. Granted, June 24, 1988. St. Louis St. Elmo Bank, St. Elmo, Illinois — to become a member of the Federal Reserve System. Approved, June 20, 1988. MEMBERSHIP RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Cleveland — to move the early deposit deadline at the Pittsburgh Branch from 9:30 p.m. to 10:00 p.m. Approved, June 24, 1988. H.2 JUNE 20, 1988 PAGE 11 ADDITIONS AND CORRECTIONS TO JUNE 24, 1988 ACTIONS TAKEN BY THE BOARD OF GOVERNORS FORMS Quarterly Report of Condition for a New York Investment Company and its Domestic Subsidiaries (FR 2886a) — extension. Approved* June 6* 1988. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago First United Financial Services* Inc.* Arlington Heights* Illinois — to engage de novo in loan activities through Arlington Mortgage Company. Withdrawn* June 17* 1988. COMPETITIVE FACTORS REPORTS Philadelphia First United National Bank* Fryburg* Pennsylvania* proposed merger with FUNB National Bank — report to the Comptroller of the Currency on competitive factors. Withdrawn, June 17* 1988. Atlanta Northern Bank of Tennessee* Clarksville* Tennessee* proposed acquisition of the assets and assumption of the liabilities of the Clarksville Branch of First American National Bank* Nashville* Tennessee — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted* June 15* 1988. H.2 JUNE 20, 1988 PAGE IP- ADDITIONS AND CORRECTIONS TO JUNE 24, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE Boston Fleet / Norstar Financial Group, Inc., Providence, Rhode Island — extension to September 16, 1988, to engage in credit related insurance through Norlie Reinsurance Company. Granted, June 16, 1983. INTERNATIONAL OPERATIONS San Francisco Bank of America National Trust & Savings Association, San Francisco, California — to place subordinated deposits with European Brazilian Bank PLC, London, England. Withdrawn, June 17, 1988. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Fleet/Norstar Financial Group, Inc., Providence, Rhode Island 3(a)(3) application to acquire Fleet Bank of New Hampshire, Nashua, New Hampshire, a de novo bank** Camfcnt Period Ending Date Newspaper Federal Register Mercantile Capital Corp., Boston, Massachusetts - 3 (a)(1) application to became a bank holding company through the acquisition of Mercantile Bank and Trust Company, Boston Massachusetts** Newspaper Granite State Bankshares, Inc., Keene, New Hampshire - 3(a)(5) application to acquire First Peterborough Bank Corp., Peterborough, New Hampshire** Newspaper Fleet/Norstar Financial Group, Inc., Providence, Rhode Island - 3(a)(3) application to retain Fleet/Norstar New York, Inc., Providence, Rhode Island** Newspaper Fleet/Norstar New York, Inc., Providence, Rhode Island 3(a)(1)/4(c)(8) application to retain Norstar Bank of Upstate New York, Albany, New York; Norstar Bank, N.A., Buffalo, New York; Norstar Bank of Central New York, Syracuse, New York; LI Holding Company, Hempstead, New York and thirteen nonbank subsidiaries* * Newspaper **Subject to CRA 07-07-88 Not Yet Established 07-14-88 Federal Register Not Yet Established 07-15-88 07-18-88 Federal Register Federal Register Federal Register Not Yet Established ‘ 07-29-88 Not Yet Established 07-29-88 Not Yet Established FEDERAL RESERVE BANK OF BOSTON APPLICATIONS (Cont'd) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet/Norstar Financial Group, Inc., Providence, Rhode Island 4(c)(8) application to engage in underwriting and dealing in certain securities through Adams, McEntee & Co., Inc. Federal Register Not Yet Established Wainwright Capital Corp., Boston, Massachusetts - 4 (c)(8) application to retain ownership of at least 83.3% of the voting shares of Internation Heritage Corp., Boston, Massachusetts Federal Register Not Yet Established SECTION TV ~ APPLICATIONS EXIT SUBJECT TO FEDERAL REGISTER O R NEWSPAPER NOTICE Application NONE Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper __________ Notice Only_________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice Delaware Bancshares, Inc., Walton, New York to became a bank holding company with respect to The National Bank of Delaware County, Walton, Walton, New York.l/ 7/15/88 2/ Apple Bancorp, Inc., New York, New York to became a bank holding company with respect to Apple Bank for Savings, New York, New York.l/ 7/23/88 3/ Banco Bilbao-Vizcaya, S.A., Bilbao, Spain to became a bank holding company with respect to Banco Camercial de Mayaguez, Mayaguez, Puerto Rico.l/ 7/17/88 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ 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 may be specified in the Federal Register notice. N/A - Not Available SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank. Reading, PA to establish an off-site electronic facility at Acme Markets, Inc., 600 Lehigh Valley Mall, Whitehall, PA. 7/15/88 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date National Penn Bancshares. Inc.. Boyertown, PA to acquire up to 24.9% of First Capital Bank, York, PA (In organization), pursuant to Section 3(a)(3) of the Bank Holding Company Act. Newspaper: Federal Register: 7/18/88 7/21/88 First Executive Bancorp. Inc., Philadelphia, PA to form a bank holding company by acquiring First Executive Bank, Philadelphia, PA (in organization), pursuant to Section 3(a)(1) of the Bank Holding Company Act. Newspaper: Federal Register: 7/16/88 7/14/88 First Fidelity Bancorporation. Newark, NJ to acquire 24.9% of First Executive Bancorp, Inc., Philadelphia, PA (a proposed bank holding company), pursuant to Section 3(a)(3) of the Bank Holding Company Act. Newspaper: Federal Register: 7/16/88 7/14/88 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Delaware National Bankshares Corp.. Georgetown, DE to engage de novo in the consumer finance business through its new subsidiary, Delaware National Loan Corp, Georgetown, DE, pursuant to Section 4(c)(8) of the Bank Holding Company Act and Section 225.25(b)(1)(i) of Regulation Y. 7/21/88 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None Cleveland Reserve Bank Applications F o r W e e k E n d i n g J u n e 25, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING R e c e i v e d a p p l i c a t i o n f r o m R i c h w o o d I n t e r i m B a nk, Richwood, Ohio, to m e r g e w i t h The Rich w o o d B a n k i n g Company, Richwood, Ohio, p u r s u a n t to S e c t i o n 18(c) o f 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 Act. July 15, 1988 R e c e i v e d a p p l i c a t i o n f r o m T r u s t c o r p B a n k , Ohio, T o l e d o , O h i o , fo r p e r m i s s i o n t o e s t a b l i s h a b r a n c h a t 170 S o u t h W a s h i n g t o n S t r e e t , Tiffin, Ohio. July 27, 1988 Received a p p l i cation from The M i n e r v a Banking C o m p a n y , M i n e r v a , O h i o , fo r p e r m i s s i o n to e s t a b l i s h a b r a n c h a t t he n o r t h e a s t c o r n e r o f N o r t h M a i n an a O r i o n S t r e e t , N o r t h C a n t o n , O h io. July 17, 1988 R e c e i v e d S e c t i o n 3 ( a ) (1) a p p l i c a t i o n f r o m R i c h w o o d B a n c s h a r e s , Inc., R i c h w o o d , O h i o , t o a c q u i r e T h e R i c h w o o d B a n k i n g C o m p a n y , R i c h w o o d , O h io. * N - July 15, 1988 R e c e i v e d S e c t i o n 3 ( a ) (5) a p p l i c a t i o n f r o m F i f t h T h i r d B a n c o r p , C i n c i n n a t i , O h i o , to a c q u i r e D e c a t u r B a n c s h a r e s , Inc., G r e e n s b u r g , I n d i a n a . * N - July 25, 1988 R e c e i v e d S e c t i o n 3 ( a ) (5) a p p l i c a t i o n f r o m I n t e g r a F i n a n c i a l C o r p o r a t i o n , Mt. L e b a n o n , P e n n s y l v a n i a , to a c q u i r e P e n n b a n c o r p , Titusville, Pennsylvania, and Oni o n N a t i o n a l C o r p o r a t i o n , Mt. L e b a n o n , P e n n s y l v a n i a . * N - July 23, 1988 SECTION II - APPLICATIONS NEWSPAPER AND FEDERAL SUBJECT TO BOTH REGISTER NOTICE S E C T I O N III - A P P L I C A T I O N S S U B J E C T TO F E D E R A L R E G I S T E R NOTICE ONLY R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n f r o m I n t e g r a F i n a n c i a l C o r p o r a t i o n , Mt. L e b a n o n , P e n n s y l v a n i a , to a c q u i r e P e n n b a n c o r p L i f e Insurance Company, Phoenix, Arizona; P e n n b a n c o r p B r o k e r a g e S e r v i c e s C o m p a n y , Erie, Pennsylvania; and Union National Life Insurance Company, Phoeniz, Arizona. SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE R e c e i v e d a p p l i c a t i o n f r o m R i c h w o o d I n t e r i m Bank, R i c h w o o d , O h i o , for a p p r o v a l of m e m b e r s h i p in t h e F e d e r a l R e s e r v e S y s t e m p u r s u a n t to S e c t i o n 9 of t he F e d e r a l R e s e r v e A c t and S e c t i o n 208.4 o f R e g u l a t i o n H. * - S u b j e c t to C R A N - Newspaper comment period 6/3-4 Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date American Bank, Newport News, Virginia, request for permission to establish a branch at the intersection of U. S. Route 17 and Ella Taylor Road, Grafton, Virginia. Central Fidelity Bank, Richmond, Virginia,, request for permission to establish a branch at 1020 Norwood Street, Radford, Virginia. 7-2-88 7-21-88 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Traders Bankshares, Inc., Spencer, West Virginia, and Commercial BancShares, Incorporated, Parkersburg, West Virginia, to engage de novo in the making and servicing of commercial loans and others extensions of credit, and making equity investments of 5% or less through its subsidiary, MOVE Capital, Inc., Charleston, West Virginia. Not Available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None ^Expiration of comment period specified in the Federal Register. June 27, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Family Bank of Hallandale 07-09-88 (CRA) Hallandale, Florida To establish a branch at 1220 South State Road 7, Hollywood, Florida, to be kncwn as the Hollywood Office. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Eufaula BancCorp, Inc. 07-31-88 Eufaula, Alabama Newspaper 1-BHC formation, Eufaula Bank & Trust Company, Eufaula, Alabama. Terrabank Holding Corporation Miami, Florida 1-BHC formation, Terrabank National Association, Miami, Florida. Soperton Bancshares, Inc. Sqperton, Georgia 1-BHC formation, The Bank of Soperton, Soperton, Georgia. Section III - Applications Subject to Federal Register Notice Only Application Ccannent Period Ending Date First Florida Banks, Inc. Tampa, Florida Joint with 7L Corporation, Tampa, Florida to acquire First Management Group, Inc., Tampa, Florida, and Florida Asset Management Group, Inc., Tampa, Florida, and engage de novo in fiiiancial services and other management services, pursuant to sections 225.25(b)(11) and (b) (23) of Regulation Y. June 27, 1988 Section III - Applications Subject to Federal Register Notice Only Application Canment Period Ending Date CB&T Bancshares, Inc., Columbus, Georgia Joint venture with 7 other Applicants to expand the activities of Georgia Interchange Network, Inc., Atlanta, Georgia, to include management consulting activities, pursuant to section 225.25(b)(11) of Regulation Y. Northwest Georgia Financial Corporation Dallas, Georgia To acquire Citizens Guaranty Mortgage Company, Dallas, Georgia, and engage de novo in the origination of mortgage loans, pursuant to secrtion 225.25(b) (1) (iii) of Regulation Y. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Tgge Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Type Application Y-2 First Midwest Bancorp, Inc. Naperville, Illinois Continental Illinois Bank of Deerfield, N.A. Deerfield, Illinois Continental Bank of Buffalo Grove, N.A. Buffalo Grove, Illinois Comment Period Ending Date 6-24-88** 7-4-88* Y-l Kansas Banc Corporation Kansas, Illinois Kansas State Bank Kansas, Illinois Y-2 Northwest Illinois Bancorp, Inc. Freeport, Illinois First State Financial Corporation of Rockford Rockford, 111inois First State Bank and Trust Company Rockford, Illinois 5-30-88* 7-8-88** Y-l NWIB Acquisition Corporation, Inc. Freeport, 111inois First State Financial Corporation of Rockford Rockford, Illinois First State Bank and Trust Company Rockford, Illinois 5-30-88* 7-8-88** CoC-HC Madison Financial Corporation 7-8-88** Chicago, Illinois A. Andrew & Flora, Andrew A. & Pam Boemi, Edwin C. & Marcia Buchanan Y-2 Shelby County Bancorp, Inc. Shelbyville, Illinois Strasburg State Bank Strasburg, I1linois 6-3-88** 7-12-88* 6-24-88** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Tyge Application Y-2 First Wisconsin Corporation Milwaukee, Wisconsin Century Bancorp, Inc. Circle Pines, Minnesota Centennial Bank Circle Pines, Minnesota CoC-HC/RoS Southern Wisconsin Bancshares Corporation 6-23-88** Mineral Point, Iowa By Hazel Keefe, Tequesta, Florida, to redeem 406 shares common stock Y-l Eastern Iowa Bancshares, Inc. Cascade, Iowa Onslow Savings Bank Onslow, Iowa Y-2 Lincoln Financial Corporation Fort Wayne, Indiana Peoples Bancshares Corporation Van Wert, Ohio The Peoples Bank and Trust Company Van Wert, Ohio 7-1-88** 7-1-88** 6-27-88* 7-1-88** 6- 21- 88* Y-2 Mid-Citco Incorporated Chicago, Illinois Union Bank and Trust Company Oklahoma City, Oklahoma N/A Y-l Western Illinois Bancorp, Inc. Chicago, Illinois The First National Bank in Blandinsville Blandinsville, Illinois N/A Y-2 Edgewood Bancshares, Inc. Countrys ide, 111inois EdgeMark Financial Corporation Countrys ide, 111ino is EdgeMark Bank-Lombard Lombard, Illinois Cosmopolitan Financial Services, Inc. Countrys ide, 111inois First National Bank of Lockport Lockport, Illinois Merchandise National Bank of Chicago Chicago, Illinois EdgeMark Bank-Rosemont Rosemont, Illinois N/A Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Tlge Application Y-l Commerce Bancorp, Inc. Berkeley, Illinois National Bank of Commerce Berkeley, 111inois Comment Period Ending Date N/A Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Typtt Y-4 First Wisconsin Corporation 6-23-88** Milwaukee, Wisconsin To engage in providing title insurance agency services thru Milwaukee Title Insurance Service, Inc., Milwaukee, Wisconsin Y-4 Prairieland Bancorp, Inc. Bushnell, Illinois Prairieland Accounting and Tax Services Bushnell, Illinois 7-14-88** Y-4 GL & ML, Limited Aplington, Iowa Meyer Insurance Agency Aplington, Iowa N/A Y-4 Findlay Bancshares, Inc. Findlay, Illinois Findlay Insurance Agency Findlay, Illinois 4(c)(8) First Wisconsin Corporation Milwaukee, Wisconsin Illinois Trust Company Milwaukee, Wisconsin Type * N/A N/A Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Comment Period Application Ending Date RoS Mid-Iowa Bancshares, Co. Algona, Iowa Redeem 2,325 shares (24.79 percent) of common stock *Newspaper **Federal Register N/A - Not available at this time N/A Federal Reserve Bank of St. Louis SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date * Section 3(a)(1) application by Bancshares of Dyer, Inc., Dyer, Tennessee, to acquire Bank of Dyer, Dyer, Tennessee (Not available) SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Application None. SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE* OR NEWSPAPER NOTICE Application None. *This application is subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section I t- 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 Arnold Skeie To acquire control of 92.11% of the voting shares of Oppegard Agency, Inc., Dilworth, MN Not yet established Winton Jones Trust To acquire control of 61.66% of the voting shares of Anchor Bancorp, Inc., Wayzata, MN 6-30-88 (Federal Register) Judith Blanchard, Samuel Kaplan, and Ralph Strangle To acquire control of 100% of the voting shares of Nerstrand Bancshares, Inc., Nerstrand, MN 7-8-88 (Federal Register) John D. Kelly To acquire control of 26.9% of the voting shares of Lamb's Bancorporation, Ltd, Michigan City, North Dakota. Not yet established John L. Olson To acquire control of 31% of the voting shares of 1st United Bancorporatlon, Inc., Sidney, Montana. Not yet established * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application None. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Citizens Incorporated Enderlin, ND To redeem 33.33Z of its voting shares. SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SPBJBCT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING. DATE First National of Nebraska* Inc.* Omaha* Nebraska* for prior approval to acquire 80 percent of the voting shares of Firn-Co.* Inc.* North Platte* Nebraska* parent of The First National Bank and Trust Company of North Platte* North Platte* Nebraska.* Not Available Cedar Financial Holding* Inc.* Fordyce* Nebraska* for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Cedar Security Bank* Fordyce* Nebraska.* Not Available Dr. R. A. Whiteneck* Woodward* Oklahoma* for approval to increase his proportionate ownership of American Interstate Bancshares* Inc.* Woodward* Oklahoma* by .65 percent to 23.64 percent. Not Available FirstBank Holding Company of Colorado Employee Stock Ownership Plan* Lakewood* Colorado* for prior approval to increase its proportionate ownership of FirstBank Holding Company of Colorado* Lakewood* Colorado* up to 24.9 percent. Not Available SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE N o ne. SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. ♦Application is s u b j e c t to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF 88/06/20 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP * *Section 3(a)(1) application by Northwest Bancorporation Inc., Houston, Texas to acquire Northwest Bank, Houston, Texas (Emergency acquisition) None required due to emergency SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 6/24/88 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Donald Barton to increase his ownership from 9.96 percent to 20.06 percent of Bank of Ephraim, Ephraim, Utah. * Newspaper: Not available Fed. Reo.: 7/21/88 Larry A. Shehadey to increase his ownership from 17.6 percent up to 24.9 percent of Fresno Bancorp, Fresno, California. * Newspaper: 7/05/88 Fed. Reo.: 7/21/88 Section III - Applications Subject to Federal Register Notice Only Business Bancorp, San Jose, California, to directly engage novo in all data processing activities throughout the State of California. Fed. Reo.: 7/21/88 Santa Barbara Bancorp, Santa Barbara, California, to engage de novo in operating a courier service and providing management consulting through SBBT Service Corp., Santa Barbara, California. Fed. Reo.: 7/22/88 §§Cti9.n IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA~
@FedFRASER