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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Applications and Reports Received or Acted on H.2 1972 No. 23 During the Week Ending June 3, 1972 District Date Current Report Filed Pursuant to Section 13 of the Securities Exchange Act Received Broadway Bank & Trust Company, Paterson, New Jersey (May 1972) To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Lewis County Trust Company, Lowville, New York, A Public Accommodation office to be established at 5397 Dayan Street, Lowville. The Ohio Citizens Trust Company, Toledo, Ohio. Branch to be established at 6600 Sylvania Avenue, Sylvania, Lucas County. Union Trust Company of Maryland, Baltimore, Maryland, Branch to be established at the intersection of Shefiff and Landover Roads, Landover, Prince Georges County. First Bank and Trust Company of South Bend, South Bend, Indiana. Branch to be established at the corner of Lincoln Way West and Maplewood Avenue and Commerce Drive, South Bend. 5/30/72 H.2 1972 No. 23 —2- Approved "Cape Ann Bank and Trust Company, Gloucester, Massachusetts. Branch to be established at 82-86 Bass Avenue, East Gloucester. *Newton-Waltham Bank and Trust Company, Waltham, Massachusetts. Branch to be established at the intersection of Route 9 and Hammond Pond Parkway, Newton. *Fifth Third Bank, Cincinnati, Ohio. Branch to be established at 140 West Kemper Road, Springdale, Hamilton County. * * * * * 3 To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Received Mellon National Bank and Trust Company, Pittsburgh, Pennsylvania. Branch to be established in Frankfurt, Germany. * * * * * * Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 1972 No. 23 _3_ To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received **NBS Financial Corporation, Southfield, Michigan, for prior approval to acquire 80 per cent or more of the voting shares of National Bank of Southfield, Southfield, Michigan. Approved **Virginia National Bankshares, Inc., Norfolk, Virginia, for prior approval to acquire 100 per cent of the voting shares of Virginia National Bank, Norfolk, Virginia. Midland Mortgage Corporation, Detroit, Michigan, and its wholly-owned subsidiary Port Huron Financial Company, Detroit, Michigan, for prior approval to acquire Peoples Bank of Port Huron, Port Huron, Michigan. * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received The Alabama Financial Group, Inc., Birmingham, Alabama, for prior approval to acquire not less than 80 per cent of the voting shares of Commercial Guaranty Bank, Mobile, Alabama. American Bancshares, Incorporated, North Miami, Florida, for prior approval to acquire not less than 80 per cent of the voting shares of the Second National Bank of Clearwater, Clearwater, Florida. American Bancshares, Incorporated, North Miami, Florida, for prior approval to acquire not less than 80 per cent of the voting shares of the Sterling National Bank of Davie, Davie, Florida. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 6-1-72 6- 2-72 H.2 1972 No. 23 -4Keceived Continued American Bancshares, Incorporated, North Miami, Florida, for prior approval to acquire not less than 80 per cent of the voting shares of the First National Bank of the Upper Keys, Tavernier, Florida. 6 First Financial Corporation, Tampa, Florida, for prior approval to acquire not less than 57.967 per cent of the voting shares of the VeniceNokomis Bank and Trust Company, Venice, Florida. 6 Southeast Banking Corporation, Miami, Florida, for prior approval to acquire not less than 80 per cent of the voting shares of First Bank of Deltona, Deltona, Florida. 10 First National Charter Corporation, Kansas City, Missouri, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to Butler State Bank, Butler, Missouri. 10 United Missouri Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire all or not less than 80 per cent (plus directors! qualifying shares) of the voting shares of Wornall Bank, Kansas City, Missouri. 2 10 Approved First National State Bancorporation, Newark, New Jersey, for prior approval to acquire 100 per cent of the voting shares of the successor by merger to The Security National Bank of Trenton, Trenton, New Jersey. United Missouri Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire not less than 80 per cent (plus directors1 qualifying shares) of the voting shares of Manufacturers and Mechanics Bank of Kansas City, Kansas City, Missouri. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1972 No. 23 6 Withdrawn On H.2 No. 10, the Board reported receipt of an application from First Florida Bancorporation, Tampa, Florida, for prior approval to acquire 90 per cent or more of the voting shares of Ormond Beach First National Bank, Ormond Beach, Florida. In a letter dated May 12, 19 72, Applicant requested that the application be withdrawn. * * * * * 1 7 To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received **New England Merchants Company, Inc., Boston, Massachusetts, notification of intent to shift a de novo activity (leasing of personal property and equipment) through a transfer of New England Merchants Financial Corporation, a wholly-owned subsidiary of New England Merchants National Bank to direct ownership by the holding company. ^^Continental Illinois Corporation, Chicago, Illinois, 6-2-72 notification of intent to engage in de novo activities (making or acquiring, for its own account, or for the account of others, loans and other extensions of credit such as would be made, for example, by a mortgage company, and servicing loans and other extensions of credit for any person) through an existing subsidiary known as Republic Realty Mortgage Corporation, Chicago, Illinois. Such activities will be conducted at an office in Atlanta, Georgia. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 5-30-72 -6- H. 2 1972 No. 23 10 7 1 Received Continued **Affiliated Bankshares of Colorado,Inc., Boulder, Colorado, notification of intent to engage in de novo activities (all aspects of the business of mortgage lending including interim construction and permanent loan financing of all types and specifically the making of conventional, Federal Housing Administration insured and Veteran Administration guaranteed loans, and to engage in all activities in any way pertaining to the conduct of a mortgage lending business) through Piedmont Mortgage & Investment Co., Inc., Boulder, Colorado. Approved Midland Mortgage Corporation, Detroit, Michigan, to continue to engage in the activities of a mortgage company. Delayed **Berkshire Bancorp, Inc., Pittsfield, Massachusetts, notification of intent to engage in de novo activities (financial and investment advisory services and the leasing of personal property) through a subsidiary to be located in offices at 54 North Street, Pittsfield, Massachusetts. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 5-30-72 5-30-72 1972 No. 23 2 Permit ted ^^Connecticut Financial Services Corporation, Bridgeport, Connecticut, to engage in a de novo activity (leasing of personal property and equipment, or acting as agent, broker or advisor in leasing of such property) through a subsidiary known as Puritan Leasing Corporation, Bridgeport, Connecticut. 5-29-72 3 **PNB Corporation, Philadelphia, Pennsylvania, to engage in de novo activities ((1) making loans as a commercial finance company, and making loans against the security of accounts receivable and inventory, (2) leasing personal property and equipment on substantially a full payout basis, and (3) storing and processing on computer equipment other banking, financing or related economic data, such as performing payroll, accounts receivable or payable, accounting or billing services, for PNB Commercial Finance Corporation customers) through a subsidiary known as PNB Commercial Finance Corporation. These activities will be performed at offices located in Philadelphia and Melrose Park, Pennsylvania. 6- 1-72 5 ^Mercantile Bankshares Corporation, Baltimore, Maryland, to engage in d_e novo activities (making or acquiring for its own account or for the account of others, loans and other extensions of credit and servicing loans and other extensions of credit) through a subsidiary known as Mercantile Mortgage Corporation, Baltimore, Maryland. 5-29-72 6 **Barnett Banks of Florida, Inc., Jacksonville, Florida, to engage in a d_e novo activity (serving as the advisory company for Barnett Winston Investment Trust, a proposed real estate investment trust, and developing economic and financial information for internal use in evaluating proposed investments for the trust but not for sale to or use by customers) through a subsidiary to be known as Barnett Winston Investment Counselors, Inc., Jacksonville, Florida. 5-29-72 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1972 No. 23 6 7 10 12 w w -8Permitted Continued **Barnett Banks of Florida,Inc., Jacksonville, Florida, to engage in de novo activities (conducting the business of a mortgage company including (1) the making or acquiring, for its own account or for the account of others, loans and other extensions of credit, (2) servicing loans and other extensions of credit for any person and (3) acting as an investment or financial adviser by specifically generating economic and financial information to be used internally, but not to be sold to customers) through a subsidiary to be known as Barnett Winston Company, Jacksonville, Florida. **The Indiana National Corporation, Indianapolis, Indiana, to engage in a de novo activity (leasing personal property and equipment, or acting as agent, broker, or adviser in leasing of such property, where at the inception of the initial lease the expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property will be to compensate the lessor for not less than lessor 1 s full investment in the property) through a subsidiary to be known as Indiana Square Leasing, Inc., Indianapolis, Indiana. 5-27-72 **United Banks of Colorado, Inc., Denver, Colorado, to engage in de novo activities (conducting a general mortgage banking business including the origination, purchase, sale, and servicing of real estate mortgage loans) through its subsidiary United Mortgage Company, at Colorado Springs, Grand Junction and Longmont, Colorado. 6- 3-72 Permitted **0n H.2 No. 22, the Board reported receipt of a , notification from First Security Corporation, Salt Lake City, Utah, of intent to engage in a de novo activity (providing bookkeeping or data processing services for the internal operation of the holding company and its subsidiaries, and storing and processing other bank financial or other related economic data such as performing payroll, accounts receivable or payable, or billing services for customers) through a subsidiary to be known as First Security Datacorp, Salt Lake City, Utah. The 45-day period has been accelerated. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 5-29-72 5-30-72 H.2 1972 No. 23 -9- Reactivated **The Citizens and Southern National Bank, Atlanta, Georgia, and Citizens and Southern Holding Company, Atlanta, Georgia, notification of intent to engage in de_ novo activities ((1) making or acquiring, for its own account or for the account of others, loans and other extensions of credit (including issuing letters of credit and accepting drafts), such as would be made by a factoring company; (2) servicing loans and other extensions of credit for any person; and (3) leasing personal property and equipment, or acting as agent, broker or adviser in leasing of such property, where at the inception of the initial lease the expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property will be to compensate the lessor for not less than the lessor1s full investment in the property) through a subsidiary to be known as Citizens and Southern Factors, Inc., with offices to be located in Atlanta, Georgia; Dalton, Georgia; and Charlotte, North Carolina. **The Citizens and Southern National Bank, Atlanta, Georgia, and Citizens and Southern Holding Company, Atlanta, Georgia, notification of intent to engage in de novo activities ((1) making or acquiring, for its own account, or for the account of others, loans and other extensions of credit (including issuing letters of credit and accepting drafts), such as would be made by a mortgage company; (2) servicing loans and other extensions of credit for any person; and (3) acting as investment or financial advisor, including (i) serving as the advisory company for a mortgage or a real estate investment trust and (ii) furnishing economic or financial information) through a subsidiary to be known as Citizens and Southern Mortgage Company, with offices to be located in Atlanta, Athens, Augusta, Macon, Savannah, Valdosta, Albany, Dalton, Rome, Columbus, and Decatur, Georgia. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. i 6- 1-72 6- 1-72 -10— H.2 1972 No. 23 6 Reactivated Continued **Great American Corporation, Baton Rouge, Louisiana, 5-31-72 notification of intent to engage in a de_ novo activity (leasing personal property and equipment, and acting as agent, broker or advisor in leasing of such property, where at the inception of the initial lease the expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property will be to compensate the lessor for not less than the lessorTs full investment in the property) through a subsidiary to be known as American Equipment Leasing Company, Baton Rouge, Louisiana. * 4 12 * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Received **SheIter Resources Corporation, Cleveland, Ohio, notification of intent to acquire World of Aetna, Inc., Lakewood, Colorado, which operates six mobile home sales establishments and is in the business of developing mobile home parks. **Unionamerica, Inc., Los Angeles, California, notification of intent to acquire 100 per cent of outstanding capital stock of Western Appraisal Company, Medford, Oregon, through Marshall and Stevens, Incorporated, Los Angeles, California a wholly-owned subsidiary of Unionamerica, Inc. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 6- 1-72 5-30-72
@FedFRASER