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ANNOUNCEMENT BY

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JUL6

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197 i

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
H. 2
1971 - No. 26

Applications and Reports Received or Acted on
During the Week Ended June 26, 1971.

District

4

Registration Statement Filed Pursuant to Section 12(g)
of the Securities Exchange Act
Effective
Savings & Trust Company of Indiana, Indiana,
Pennsylvania.
* * * * *

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Received
Cheyene Western Bank, Ashland, Montana•
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*

*

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
The Connecticut Bank and Trust Company, Hartford,
Connecticut, Branch at the Coventry Shopping
Center, Intersection of Routes 44A and 31, Coventry.
2

Marine Midland Bank, New York, New York.
Branch at 550 Sunrise Highway, unincorporated
Village of Massapequa, Town of Oyster Bay,
Ssau County.

2

Security Trust Company of Rochester, Rochester,
New York. Branches at the following locations:




A.

On the west side of Route 95, center of North
Public Corridor, between Buildings C & H,
approximately 50 feet northeast of Main
Entrance to Building D, Eastview Mall, intersection of Route 95 and Turk Hill Road,
unincorporated area, Town of Victor, Ontario
County; and

Date

6-25-71

II. 2
No* 26

-2B.

Received (corit'd)
Limited service branch on the west side of Route 96,
Center of South Public Corridor, between Buildings
A & B, approximately 75 feet southeast of main
entrance to Building A, Eastview Mall, intersection
of Route 95 and Tur% Hill Road, unincorporated
area, Town of Victor, Ontario County.

The Bank of Wood County Company, Bowling Green, Ohio.
Branch at 1050 (approximately) North Main Street,
Bowling Green, Wood County,
The Cleveland Trust Company, Cleveland, Ohio.
Branch approximately 250 feet south of Euclid
Avenue on Mayfield Road, Cleveland, Cuyahoga
County.
Dothan Bank and Trust Company, Dothan, Alabama.
Branch at 1144 Ross Clark Circle S.E., Dothan,
Alabama.
Approved
^Central Home Trust Company of Elizabeth, N.J., Elizabeth,
New Jersey. Branch on the northeast corner of Rangoon
and Corbin Streets, Port Elizabeth, Union County.
"The Louisville Trust Company, Louisville, Kentucky.
Branch on southeast corner of Floyd and Chestnut
Streets (601 Floyd Street) Louisville, Jefferson
County.
Denied by State
Warren Bank, Warren, Michigan.
Branches at the following locations:
A.

At Van Dyke at 14 Mile Road, City of Warren,
Macomb County.

B.

At 14 Mile Road at Ryan Road, City of Warren,
Macomb County.

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Application approved by Reserve Bank on behalf of the Board of Governors
under delegated authority.







To Carry Reduced Reserves Pursuant to
Section 19 of the Federal Act
Received
First National Bank of Miami, Miami, Florida

To Establish an Overseas Branch of a Member
Bank Pursuant to Section 25 of the Federal
Reserve Act
Received
State Street Bank Boston International, New York, New
York. Branch in Nassau, Bahamas.
First National Bank of Atlanta, Atlanta, Georgia.
Branch in Nassau, Bahamas.
Approved
Chemical Bank, New York, New York.
Branch in Paris, France.
it it it

iV

it

To Organize, or Invest in, a Corporation Doing
Foreign Banking and Other Foreign Financing Pursuant
To Section 25 or 25(a) of the Federal Reserve Act
Received
Marine Midland International Corporation, New York,
New York, to organize a corporation under Section 25(a)
to be known as Marine Midland, Incorporated
it it it it it

To Merge Pursuant to Section 15(c) of the
Federal Deposit Insurance Act
Received
Trust Company of Georgia, Atlanta, Georgia, for prior
approval to merge Bank of Fulton County, East Point?
Georgia, under the charter and title of Trust Company
of Georgia.
it it it it it

To Form a Bank Holding Company Pursuant to
Section 3(a)(1) of the Bank Holding Company
Act of 1956
Received
Palmer Bank Corporation,:Sarasota, Florida, for
prior approval to acquire 80 per cent or more
of the following banks Palmer First National
Bank and Trust Company of Sarasota, Sarasota;
St. Armands Palmer Bank, Sarasota; Siesta Key
Palmer Bank, Sarasota, all in Florida.
United Bank Shares, Inc., El Paso, Texas, for
prior approval to acquire shares of Southwest
National Bank of El Paso, El Paso, Texas,
Approved
Central Bancompany, Jefferson City, Missouri, for
prior approval to acquire 100 per cent of the
voting shares (less directors? qualifying shares)
of the successor by merger to The Central Trust
Bank, Jefferson City, Missouri.
* * Vx

-k

v?

To Expand a Bank Holding Company Pursuant to
Section 3(a)(3) of the Bank Holding Company
Act of 1956
Received
Charter New York Corporation, New York, New York,
for prior approval to acquire Nanuet National
Bank, Nanuet, New York.
United Jersey Banks, Haclcensack, New Jersey, for
prior approval to acquire the First National Bank
of Princeton, Princeton, New Jersey.
Barnett Banks of Florida, Inc., Jacksonville, Florida,
for prior approval to acquire Barnett Mall Bank,
N.A., Winter Park, Florida.
Approved
First Holding Company, Inc., Waukesha, Wisconsin, for
prior approval to acquire 80 per cent or more of the
voting shares of The First National Bank of Elk Horn,
Elk Horn, Wisconsin.




H. 2
No. 26
-5To Expand a Bank Holding Company Pursuant to
Section 4(c)(12) of the Bank Holding Company
Act of 1956
Received
Family Finance Corporation, Wilmington, Delaware,
notification of intent to acquire shares of
Westland Investment Company, Inc., Roswell,
New Mexico.

6-24-71

7

Berkshire Hathway Inc., New Bedford, Massachusetts,
and subsidiaries notifications of intent to
acquire Blue Chips Stamps, Los Angeles, California,
California Water Service Company, San Jose,
California.

6-23-71

2

Gulf & Western Industries, Inc., New York, New York
subsidiary, Gulf & Western, Ltd., notification
to acquire Anglo-Dutch Cigar Co., Ltd., United
Kingdom, Matanzas, Ltd., United Kingdom, AngloDutch Marketing Services, Ltd., United Kingdon.

6-24-71

9

Permitted*
Minnesota Mining and Manufacturing Company, St.
Paul, Minnesota, permitted to consummate
acquisition of Call's Police Signal Corporation
of Chelsea, Massachusetts.

^Processed under Section 222.4(d) of Regulation Y following
submission of an irrevocable declaration that the company
making the acquisition will cease to be a bank holding
company by January 1, 1901. Acquisitions proposed under
this section may cake place unless the Board notifies the
company to the contrary within 45 days after receipt of the
proposal, or the company is permitted to make the acquisitions
at an earlier date.




H.2
No. 26

1

To Expand a Bank Holding Company Pursuant to
Section 4(c)(3) of the Bank Holding Company
Act
Received
R.I.H.T. Corporation, Providence, Rhode Island,
notification of intent to engage in de novo
activities (Real Estate) in Providence.

6-21-71

2

Marine Midland Banks, Inc., New York, New York
notification of intent to engage in de novo
activity (trust activities and investment
advisory service) in New York.

6-10-71

7

Conill Corporation, Chicago, Illinois,
notification of intent to engage in de novo
activities (investment advisory, management,
negotiations and consummation of loans,
mortgages or other agreements), in Chicago.

6-24-71

Banlcamerica Corporation, San Francisco, California
notification of intent to engage in a de novo
activity (investment service) in California.

6-21-71

12