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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1984 No. 26
Actions of the Board; Applications and Reports
Received During the Week Ending June 30, 1984

APPLICABLE
RESERVE BANK

ACTIONS OF THE BOARD
The Federal Reserve Board issued a report providing
financial results of Federal Reserve priced service
operations for the quarter ended March 31, 1984.
Consumer Advisory Council meeting on July 18 and 19, in
sessions open to the public, in Terrace Room E of the
Federal Reserve Board's Martin Building

Boston

Lynn Five Cents Savings Bank, Lynn, Massachusetts, pro­
posal to merge with Lincoln Cooperative Bank, Lynn,
Massachusetts; report transmitted to the Federal Deposit
Insurance Corporation on competitive factors. ]_/

Boston

Heritage Savings Bank, Waterville, Maine, proposal to
merge with Peoples Savings Bank, Portland, Maine;
report transmitted to the Federal Deposit Insurance
Corporation on competitive factors. ]_/

Boston

Amoskeag National Bank, Manchester, New Hampshire, proposal
to merge with New Amoskeag National Bank and Trust Co.,
Manchester, New Hampshire; report transmitted to the
Comptroller of the Currency on competitive factors. ]_/

New York

Provident Savings Bank, Jersey City, New Jersey, proposal
to purchase the assets and assume the liabilities of a
branch of Harmonia Savings Bank, Elizabeth, New Jersey;
report transmitted to the Federal Deposit Insurance
Corporation on competitive factors. ]J

Philadelphia

New Jersey National Bank, Trenton, New Jersey, proposal to
merge with Citizens United Bank, Vineland, New Jersey,
under the charter and title of New Jersey National Bank;
report transmitted to the Comptroller of the Currency
on competitive factors. J /

1J

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 2

- 2 ACTIONS OF THE BOARD - Continued

Cleveland

Citizens Guaranty Bancshares, Inc., Irvine, Kentucky,
extension of time until October 11, 1984, within which
to acquire Citizens Guaranty Bank, Irvine, Kentucky. \J

Cleveland

Bath County Banking Company, Owingsville, Kentucky,
extension of time until September 8, 1984, within which
to acquire Owingsville Banking Company, Owingsville,
Kentucky. 1/

Richmond

TCB Corporation, Greenwood, South Carolina, extension of
time until August 27, 1984, within which to become a
bank holding company through the acquisition of The County
Bank, Greenwood, South Carolina. V

Richmond

Union Bank and Trust Company, Bowling Green, Virginia,
extension of time within which to establish a branch
at the intersection of U.S. Route 1 and State Route 657,
Hanover County, Virginia, j_/

Atlanta

Hanover Financial Corporation, Plantation, Florida, extension
of time until September 26, 1984, within which to become
a bank holding company through the acquisition of
Hanover Bank of Florida, Plantation, Florida. \j

Atlanta

Baxley State Banking Company, Baxley, Georgia, extension
of time until August 30, 1984, within which to become a
bank holding company through the acquisition of Baxley
State Bank, Baxley, Georgia. ]_/

Atlanta

First of Homestead, Inc., Homestead, Florida, extension
of time until August 25, 1984, within which to become
a bank holding company through the acquisition of the
First National Bank of Homestead, Homestead, Florida. 1/

Atlanta

First National Bank of Rome, Rome, Georgia, proposed merger
with Rockmart Bank, Rockmart, Georgia; report transmitted
to the Comptroller of the Currency on competitive factors. JJ

Atlanta

Barnett Bank of Jacksonville, N.A., Jacksonville, Florida,
proposed merger with Barnett Bank of St. Johns County,
St. Augustine, Florida; report transmitted to the Comp­
troller of the Currency on competitive factors. 1/

Chicago

Bank of Illinois in Normal, Normal, Illinois, to invest
in bank premises. ]_/

1J

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 26

- 3 ACTIONS OF THE BOARD - Continued

Chicago

Bankers Trust Company, Des Moines, Iowa, to invest in
bank premises. J_/

Chicago

Avenue Financial Corporation, Oak Park, Illinois, extension
of time until September 16, 1984, within which to merge
with Transworld Delaware Corp., Lake Forest, Illinois,
and indirectly acquiring Dempster Plaza State Bank,
Niles, Illinois, and The Northlake Bank, Northlake,
Illinois; and acquiring Avenue Bank of Elk Grove, Elk
Grove Village, Illinois. J_/

Chicago

Whitney Corporation of Iowa, Atlantic, Iowa, extension
of time to July 2, 1984, within which to acquire
Schroeder-Goodenow Management Co., Exira, Iowa and
indirectly acquiring Exchange State Bank, Exira, Iowa, j_/

Chicago

Hudson Bancshares, Inc., Hudson, Iowa, extension of time
until September 17, 1984, within which to become a bank
holding company through the acquisition of Hudson State
Bank, Hudson, Iowa. 1J

Chicago

Elkhart Bancorp, Inc., Elkhart, Indiana, extension of
time until July 31, 1984, within which to become a bank
holding company through the acquisition of Citizens
Northern Bank of Elkhart, Elkhart, Indiana. V

Chicago

Robanco Financial Corp., Rochester, Indiana, extension of
time until August 31, 1984, within which to become a
bank holding company through the acquisition of The
First National Bank of Rochester, Rochester, Indiana. JJ

Chicago

Midwest Bancshares, Inc., Park Forest South, Illinois,
extension of time to September 24, 1984, within which
to become a bank holding company through the acquisition
of Heritage Bank of Park Forest South, Park Forest South,
Illinois. 1/

Chicago

Decatur Financial, Inc., Decatur, Indiana, extension of time
within which to become a bank holding company through the
acquisition of Decatur Bank and Trust Company, Decatur,
Indiana. JJ

Chicago

Rural Financial Services, Inc., Dousman, Wisconsin, extension
of time to October 4, 1984, within which to become a bank
holding company through the acquisition of Dousman State
Bank, Dousman, Wisconsin and Mansfield State Bank,
Johnson Creek, Wisconsin. 1/

]_/

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 26

- 4 ACTIONS OF THE BOARD - Continued

St. Louis

First Citizens United, Inc., Central City, Kentucky,
extension of time until October 4, 1984, within which
to become a bank holding company through the acquisition
of Citizens Union Bank, Central City, Kentucky. 1/

St. Louis

Moscow Bancshares,. Inc., Moscow, Tennessee, additional 90-day
extension of time until October 7, 1984, within which to
become a bank holding company through the acquisition of
the successor by merger to Moscow Savings Bank, Moscow,
Tennessee-. J/

St. Louis

First State Bank, Holly Springs, Mississippi, proposal to
merge with First State Interim Bank, Holly Springs,
Mississippi; report transmitted to the Federal Deposit
Insurance Corporation on competitive factors. JJ

St. Louis

Mass Merchandisers, Inc., Harrison, Arkansas, termination
of registration under Regulation G. J_/

Kansas City

Farmers National Bank of Madison, Madison, Nebraska,
proposal to acquire the assets of and assume liability
to pay deposits made in Creston Cooperative Credit
Association, Creston, Nebraska and operate under the
charter and title of the Farmers Bank of Madison, Madison,
Nebraska; report transmitted to the Federal Deposit
Insurance Corporation on competitive factors, j_/

Kansas City

Evergreen Interim National Bank, Evergreen, Colorado, appli­
cation to merge with Evergreen National Bank, Evergreen,
Colorado, under the charter of Evergreen Interim National
Bank, Evergreen, Colorado and title of Evergreen National
Bank, Evergreen, Colorado; report transmitted to the
Comptroller of the Currency on competitive factors. J /

Kansas City

First Golden Bancorporation, Golden, Colorado, extension
of time until October 3, 1984, within which to consummate
the acquisition and until January 3, 1985 in which to
open First Interstate Bank of Arvada, N.A., Arvada,
Colorado, a proposed new bank, }J

Kansas City

First Golden Bancorporation, Golden, Colorado, extension
of time until October 3, 1984, within which to consummate
the acquisition and until January 3, 1985, in which to
open First Interstate Bank of Westminster, N.A., West­
minster, Colorado, a proposed new bank. JJ

V

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 26

- 5 ACTIONS OF THE BOARD - Continued

San
Francisco

BNB Bancorp, Burbank, California, extension of time until
September 21, 1984, within which to become a bank holding
company through the acquisition of Burbank National Bank,
a proposed new bank. J[_/

San
Francisco

Wells Fargo Bank, N.A., San Francisco, California, extension
of time until September 30, 1984, within which to estab­
lish a branch in Seoul, Korea. JJ

San
Francisco

Marin National Bancorp, San Rafael, California, requesting
a third extension of time until October 5, 1984, within
which to become a bank holding company through the
acquisition of First National Bank of Marin, San
Rafael, California, a proposed new bank. JJ

San
Francisco

Barclays Bank of California, San Francisco, California,
proposed acquisition of assets and assumption of liabilities
of the La Cumbre Branch of Union Bank, Los Angeles,
California, under the charter and title of the former;
report transmitted to the Federal Deposit Insurance
Corporation on competitive factors.

T7

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 26

- 6 -

ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act

Cleveland

Chicago

Approved
Fifth Third Bank, Cincinnati, Ohio. To establish a branch
office at Mason-Montgomery Road and Governor's Hill
Drive, Symmes Township, Hamilton County. J_/
The Bank of Illinois in Normal, Normal, Illinois, to
establish a banking facility at the northeast corner of
Morrissey Drive (U.S. Route 150) and Veterans Parkway,
Bloomington, Illinois. 1/
* * * * *

Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978

Cl eveland

Not Disapproved
The First State Bank of West Manchester, West Manchester,
Ohio. ]J

St. Louis

Southern Indiana Bancorp., Inc., Newburgh, Indiana. J/

St. Louis

State National Bancorp of Frankfort, Inc., Frankfort,
Kentucky. 1/
* * * * *

Applications and Notifications for International
Investments and Other Actions Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9), 4(c)(13), and 4(c)(14)
___________ of the Bank Holding Company Act of 1956, as amended____________

New York

1_/

Approved
Citibank, N.A., New York, New York: grants consent for
Citibank International, Miami, Florida, to engage in
the activities of buying and selling gold and silver
coin and bullion on a spot, forward, and futures basis
provided that its counterparties are entities of the
Citibank organization outside the United States or
other foreign persons permitted by 12 C.F.R. 211.4(e)(1)
to maintain deposits with Edge.

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 26

- 7 ACTIONS OF THE BOARD - Continued

New York

Citibank, N.A., New York, New York: grants consent for
Citibank International, Miami, Florida, to trade futures,
forward, or standby contract permissible to a national
bank or a bank holding company provided that the trans­
action relates ultimately to either financial instruments
cited in 12 C.F.R. 211.4(e)(3) or foreign currencies.

St. Louis

Worthen Bank & Trust Company, N.A., Little Rock, Arkansas:
grants consent to establish an Edge Corporation, Worthen
Bank International, Little Rock, Arkansas, and establish
a branch of the Edge Corporation in Los Angeles, California.

San
Francisco

Security Pacific National Bank, Los Angeles, California:
grants consent to reduce the surplus of its wholly-owned
Edge Act Corporation, Security Pacific International
Bank and invest that amount in a new wholly-owned Edge
Act corporation, Security Pacific International Banking
Corporation, which would then operate certain of SPIB's
branches.

Boston

New York

New York

Forty-Five Day Notification Allowed to Expire
Boston Overseas Financial Corporation, Boston, Massachusetts,
to invest in Boston Trust & Savings Limited, St. Albans,
Hertfordshire, England.
Chase Manhattan Overseas Banking Corporation, Newark, Delaware
no objection to make an additional investment in the capital
stock of its wholly-owned leasing subsidiary, CHASEFIN Chase Finanziaria, S.p.A., Milan, Italy.

Forty-Five Day Notification Period Waived
Chemco International, Inc., New York, New York: to
made an additional investment in its wholly-owned sub­
sidiary, Chemco Leasing S.p.A., Milan, Italy.
* * * * *

V

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 26

- 8 ACTIONS OF THE BOARD - Continued

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956

St. Louis

St. Louis

Richmond

Returned
Continental Bank Shares, Inc., Louisville, Kentucky,
for approval to acquire 100 percent of the voting shares
of Continental National Bank of Kentucky, Louisville,
Kentucky. J_/
Marshall Financial Corporation, Byhalia, Mississippi, for
approval to acquire 80 percent or more of the voting
shares of Citizens Bank, Byhalia, Mississippi.

Approved
Old Point Financial Corporation, Hampton, Virginia, for
approval to acquire 100 percent of the voting shares of
the successor by merger to The Old Point National Bank
of Phoebus, Hampton, Virginia. ]_/

Chicago

Alden Bancshares Company, Alden, Iowa, for approval to
acquire 94.3 percent of the voting shares of Alden
State Bank, Alden, Iowa. ]_/

Chicago

Marion Bancorp, Marion, Indiana, for approval to acquire
100 percent of the voting shares of First National Bank
in Marion, Marion, Indiana. ]_/

Chicago

Royal Bank Group, Inc., Royal Oak, Michigan, for approval
to acquire 100 percent of the voting shares of the
successor by merger to the National Bank of Royal Oak,
Royal Oak, Michigan.

St. Louis

First Farmers Bank Holding Company, Bardstown, Kentucky,
for approval to acquire 100 percent of the voting shares
of Farmers Bank & Trust Company, Bardstown, Kentucky. ]_/

St. Louis

FNB Financial Corporation, Scottsburg, Indiana, for approval
to acquire at least 50.65 percent of the voting shares
of First National Bank of Scottsburg, Scottsburg, Indiana.

Kansas City

1/

Gallup Bancshares, Inc., Gallup, New Mexico, for approval
to acquire 100 percent of the voting common shares of
First Interstate Bank of Gallup, Gallup, New Mexico. ]_/

Application processed on behalf of the Board of Governors under
delegated authority.




]_/

H.2, 1984 No. 26

- 9 ACTIONS OF THE BOARD - Continued

Kansas City

Holden Bankshares, Inc., Holden, Missouri, for approval
to acquire 100 percent of the voting shares of Bank of
Holden, Holden, Missouri. ]J

Kansas City

Lyons Bancorp, Inc., Brighton, Colorado, for approval to
acquire at least 98 percent of the voting shares of
Valley Bank of Lyons, Lyons, Colorado. JJ

Kansas City

Stock Exchange Bancshares, Inc., Woodward, Oklahoma, for
approval to acquire 100 percent of the voting common
shares of The Stock Exchange Bank, Woodward, Oklahoma.

]_/

Dal las

New Boston Bancshares, Inc., New Boston, Texas, for approval
to acquire 80 percent of the voting shares of The First
National Bank of New Boston, New Boston, Texas. ]_/

San
Francisco

Sunstate Bancshares, Inc., Phoenix, Arizona, for approval
to acquire 100 percent of the capital stock of Bank of
Casa Grande Valley, Casa Grande, Arizona, a proposed
new bank.
* * * * *

To Expand a Bank Holding Company Pursuant to Section
(a)(3) of the Bank Holding Company Act of 1956

St. Louis

Kansas City

Chicago

1/

Returned
Town Financial Corporation, Hartford City, Indiana, for
approval to acquire 12.6 percent of the voting shares
of The Bank of Montpelier, Montpelier, Indiana.
BancOklahoma Corp., Tulsa, Oklahoma for approval to acquire
100 percent of the voting shares of Grove Bancshares, Inc.,
Grove, Oklahoma and indirectly acquire First Bank of Grove,
Grove, Oklahoma. 1/
Approved
Community Banks, Inc., Middleton, Wisconsin, for approval
to acquire 80 percent of the voting shares or assets of
Brooklyn Bankshares, Inc., Brooklyn, Wisconsin and indirectly
Brooklyn State Bank, Brooklyn, Wisconsin. 1/

Application processed on behalf of the Board of Governors under
delegated authority.




.2, 1984 No. 26

- 10 ACTIONS OF THE BOARD - Continued

Chicago

Geiger Corporation, Edina, Minnesota, for approval to
acquire 100 percent of the voting shares of Heritage
Bank, N.A., Aurelia, Iowa. J_/

Chicago

J. E. Coonley Company, Dows, Iowa, for approval to acquire
2,000 shares of non-voting preferred stock of Alden
Bancshares Company, Alden, Iowa, and indirectly acquire
Alden State Bank, Alden, Iowa. ]/

St. Louis

Ohio Valley Bancorp, Madison, Indiana, for approval to
acquire 100 percent of the voting shares of the successor
by merger to First Bank of Madison, Madison, Indiana. 1/

Minneapolis

McLeod Bancshares, Inc., Glencoe, Minnesota, for approval
to acquire 100 percent of the voting shares of The First
Bank of Minnesota, Stewart, Minnesota. 1/

Kansas City

C.S.B. Co., Cozad, Nebraska, for approval to acquire 100
percent of the voting shares of St. Paul National Bank,
St. Paul, Nebraska. J_/

Kansas City

Nebanco, Inc., Wallace, Nebraska, for approval to acquire
an additional 26.4 percent of the voting shares of
American State Bank, McCook, Nebraska. 1/

San
Francisco

Western Commercial, Fresno, California, for approval to
acquire 100 percent of the voting shares of Merced Bank
of Commerce, N.A., Merced, California, a proposed new
bank. 1/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956

San
Francisco

1/

Returned
Correction:
The notice for BankAmerica Corporation, San Francisco,
California, for approval to engage de novo in consumer
lending through Bank of America, N.A., Phoenix, Arizona;
Bank of America, N.A., Dallas, Texas; Bank of America,
N.A., Miami, Florida; Bank of America, N.A., Atlanta,
Georgia; Bank of America, N.A., Houston, Texas; Bank
of America, N.A., Chicago, Illinois; Bank of America, N.A.,
Boston, Massachusetts; Bank of America, N.A., Las Vegas,

Application processed on behalf of the Board of Governors under
delegated authority.




.2, 1984 No. 26

- 11 ACTIONS OF THE BOARD - Continued
Nevada; Bank of America, N.A., Albuquerque, New Mexico;
Bank of America, N.A., New York, New York; Bank of
America, N.A., Portland, Oregon; Bank of America, N.A.,
Salt Lake City, Utah; and Bank of America, N.A., Washington,
D.C. was listed on H.2 Nq. 23, 1984 by mistake. This
notice was not returned.

New York

Approved
Citicorp, New York, New York, for approval to engage
indirectly in certain nonbanking activities consisting
of acting as an agent, broker or advisor for unaffiliated
third parties in connection with the disposition of
aircraft through its wholly-owned subsidiary, Citicorp
Industrial Credit, Inc., Harrison, New York.

New York

Marine Midland Banks, Inc., Buffalo, New York, and The
Hong Kong and Shanghai Banking Corporation, Hong Kong,
B.C.C.; Kellett N.V., Curacao, Netherlands, Antilles;
and HSBC Holdings B.V., Amsterdam, The Netherlands, for
approval to acquire Chronogram International Corporation,
and Chronogram Corporation, both of Greenwich, Connecticut. J_/

Atlanta

CB&T Bancshares, Inc., Columbus, Georgia; Bank South
Corporation, Citizens and Southern Georgia Corporation,
Trust Company of Georgia, and First Atlanta Corporation,
all of Atlanta, Georgia; First Railroad & Banking Company
of Georgia, Augusta, Georgia; and Heritage Bancshares
Inc., Snellville, Georgia, for approval to acquire 8.33
percent of the voting shares of Georgia Interchange
Network, Inc., Atlanta, Georgia, a joint venture to
engage de novo in data processing and related activities.

Kansas City

Lyons Bancorp, Inc., Brighton, Colorado, for approval to
acquire the assets and liabilities of Centennial
Insurance Services, Inc., Lyons, Colorado, and thereby
engage in the sale of general insurance in a town of
a population of less than 5,000. 1/

San
Francisco

First Security Corporation, Salt Lake City, Utah, for
approval to acquire 100 percent of the voting shares of
Mission Bay Mortgage Company, San Diego, California,
engaging in residential and commercial mortgage lending,
loan servicing and the sale of credit-related insurance.

]J

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 26

12 ACTIONS OF THE BOARD - Continued

Chicago

Permitted
Americorp Financial, Inc., Rockford, Illinois, notification
of intent to engage in de novo activities (underwriting
credit life and credit accident and health insurance
(225.25(b)(9)) serving the United States, through its
subsidiary, Americorp Financial Life Insurance Company
(6/30/84) 3/

St. Louis

Northwest Bancorporation of Arkansas, Inc., Fayetteville,
Arkansas, notification of intent to engage in de novo
activities (in real estate appraising in the market
area served by its affiliate, Northwest National Bank,
Fayetteville, Arkansas
(6/29/84) 3/

San
Francisco

United Bancorporation Alaska, Inc., Anchorage, Alaska,
notification of intent to expand de novo activities (in
(a) making or acquiring loans and other extensions of
credit such as would be made by a mortgage company and/or
commercial financial company including:
real estate
construction loans, both commercial and residential;
real estate residential term loans; commercial loans
secured by a borrower's inventory, accounts receivable,
or other assets; and installment consumer loans; and
(b) servicing such loans for others, in accordance with
the Board's Regulation V; and (c) acting as agent or
broker for credit related life, accident, health or
unemployment insurance; pursuant to Section 601(A) of
Title VI of the Garn-St Germain Act) in Anchorage,
Alaska, these activities would be performed within
the United States of America, through its subsidiary,
UBA Mortgage Company, Inc. (6/14/84) 3/
* * * * *
Application to the Board of Governors of the
Federal Reserve System for Prior Approval of an
Acquisition Pursuant to Section 5(b) of the Bank
______ Service Corporation Act, as Amended_________

Atlanta

Approved
The First National Bank of Cobb County, Marietta, Georgia,
for approval to acquire all of the capital stock of a
proposed bank service corporation, which in turn will
hold 8.33 percent of the voting shares of Georgia
Interchange Network, Inc., Atlanta, Georgia, a joint
venture to engage de novo in data processing and related
activities.

3 / 4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.




H.2, 1984 No. 26

- 13 ACTIONS OF THE BOARD - Continued
Redemption of Shares

]_/

Chicago

C-B-G, Inc., Wilton, Iowa.

St. Louis

First Bancorp of Russell County, Inc., Russell Springs,
Kentucky. ]_/

Kansas City

Citizens Banco, Inc., Westminster, Colorado. V

Dallas

Citizens Bankshares of Springhill, Inc., Springhill,
Louisiana. ]_/
* * * * *

Agreements Filed Pursuant to Section 8 of the
_______ Securities Exchange Act of 1934_______
New York

Credit du Nord of Paris, France, has filed an agreement
with the Federal Reserve Bank of New York (which is
authorized to accept such agreements on behalf of the
Board of Governors under delegated authority) under­
taking to comply with all provisions which relate
to the use of credit to finance transactions in securities.

New York

Flushing Savings Bank, Flushing, New York, has filed an
agreement with the Federal Reserve Bank of New York
(which is authorized to accept such agreements on behalf
of the Board of Governors under delegated authority)
undertaking to comply with all provisions which relate
to the use of credit to finance transactions in securities.

]_/

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 26

14 APPLICATIONS RECEIVED

To Establish a Domestic Branch Pursuant to Section 9
of the Federal Reserve Act
Cleveland

The Dollar Savings and Trust Company, Youngstown, Ohio.
To establish CBCT's branches at General Motors Corporation,
Fisher Body Division, Lordstown Plant, 2369 EllsworthBaily Road, Trumbull County, Lordstown, Ohio and the
Nemenz Valu King store, 1140 Boardman-Poland Road,
Boardman, Mahoning County, Ohio. 2/

Chicago

Comerica Bank-Detroit, Detroit, Michigan. To establish
an EFT at Total Petroleum, 29030 Northwestern, Southfield,
Michigan. 2/

Chicago

Security Savings Bank, Marshalltown, Iowa. To establish
an EFT at 1702 South Center, Marshalltown, Iowa. 2/

Chicago

Northwest Bank of Winnebago County, Rockford, Illinois.
To establish an ATM at 1601 Harrison Avenue, Rockford,
Illinois. 2/

Richmond

First Community Bank - Princeton, Princeton, West Virginia.
To establish a branch at 3425 East Cumberland Road,
Bluefield, West Virginia. 2/

New York

Commercial Trust Company of New Jersey, Jersey City, New
Jersey. To establish a branch office at Journal Square
Plaza, Jersey City, New Jersey. 2/
* * * * *

Applications and Notifications for International
Investments and Other Actions Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9), 4(c)(13) and 4(c)(14)
of the Bank Holding Company Act of 1956, as amended
New York

27

Citibank Overseas Investment Corporation, Wilmington,
Delaware: prior notification of its intent to estab­
lish a de novo commercial bank subsidiary, Citibank
Norge A/S, Oslo, Norway.

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




15 -

H.2, 1984 No. 26

APPLICATIONS RECEIVED - Continued
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Philadelphia

First West Chester Corporation, West Chester, Pennsylvania,
for approval to acquire 100 percent of the voting shares
of First National Bank of West Chester, West Chester,
Pennsylvania. 2J

Chicago

Community State Bancshares, Inc., Wisconsin Rapids,
Wisconsin, for approval to acquire at least 93.57 percent
of the voting shares of Community State Bank, Wisconsin
Rapids, Wisconsin. 2/

Chicago

Dixon Bancorp, Inc., Dixon, Illinois, for approval to
acquire 100 percent of the voting shares of The Dixon
National Bank, Dixon, Illinois. 2/

Chicago

Northern States Financial Corporation, Waukegan, Illinois,
for approval to acquire 100 percent of the voting shares
of Bank of Waukegan, Waukegan, Illinois. 2]

Chicago

R

St. Louis

City National Bankcorp, Inc., Metropolis, Illinois, for
approval to acquire at least 80 percent of the voting
shares of The City National Bank, Metropolis, Illinois.

& J Financial Corporation, Plainfield, Iowa, for approval
to acquire 80 percent or more of the voting shares of
Peoples Savings Bank, Elma, Iowa. 2/

2/

St. Louis

Community Bancshares, Inc., Chillicothe, Missouri (formerly
Shelbyville Bancshares, Inc.) to acquire 100 percent of
the voting shares of the successor by meryer to Centerre
Bank of Sedalia, Sedalia, Missouri. 2/

St. Louis

First National Bancshares of Hempstead County, Inc., Hope,
Arkansas, for approval to acquire 100 percent of the
voting preferred shares and 99.9 percent of the common
voting shares of First Blevins Bancshares, Inc., Blevins,
Arkansas and indirectly Bank of Blevins, Blevins, Arkansas,
and 95.5 percent of the voting shares of First National
Bank of Hope, Hope, Arkansas. 2j

2/

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 No. 26

16 APPLICATIONS RECEIVED - Continued

St. Louis

Mississippi Valley Investment Company, St. Louis, Missouri,
for approval to acquire 100 percent of the voting shares
of Southwest Bank of St. Louis, St. Louis, Missouri. 2/

St. Louis

Trigg Bancorp, Inc., Cadiz, Kentucky, for approval to acquire
100 percent of the voting shares of Trigg County Farmers
Bank, Cadiz, Kentucky. 2/

Kansas City

Beveridge Bancshares, Inc., Paxton, Nebraska, for approval
to acquire 100 percent of the voting shares of Bank of
Paxton, Paxton, Nebraska. 2/

Kansas City

Farmer's State Bancshares of Sabetha, Inc., Sabetha, Kansas,
for approval to acquire 86.60 percent of the voting shares
of Farmers State Bank, Sabetha, Kansas. 2J

Kansas City

Gardner Bancshares, Inc., Gardner, Kansas, for approval to
acquire 100 percent of the voting shares of Gardner
National Bank, Gardner, Kansas, a proposed new bank. 2/

Kansas City

Jefferson National Corporation, Lakewood, Colorado, for
approval to acquire 100 percent of the voting shares
of Bank of Lakewood, N.A., Lakewood, Colorado. 27

Kansas City

Prairie Capital, Inc., Augusta, Kansas, for approval to
acquire 80 percent of the voting shares of The Prairie
State Bank, Augusta, Kansas. 2/

Dallas

Parkway Bancshares, Inc., Dallas, Texas, for approval to
acquire 100 percent of the voting shares of Parkway Bank
& Trust, Dallas, Texas. 2/

* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
New York

2/

Valley National Bancorp, Clifton, New Jersey, for approval
to acquire 100 percent of the voting shares of First
National Bank and Trust Company, Kearny, Kearny, New
Jersey. 2/

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 No. 26

- 17
APPLICATIONS RECEIVED - Continued

Richmond

First Fidelity Bancorp, Inc., Fairmont, West Virginia,
for approval to acquire 100 percent of the voting
shares of Central National Bank, Morgantown, West
Virginia. 2/

Atlanta

Barnett Banks of Florida, Inc., Jacksonville, Florida,
for approval to acquire 100 percent of the voting shares
of Barnett Bank of Citrus County, N.A., Inverness,
Florida, a proposed new bank. 2/

Chicago

Geiger Corporation, Edina, Minnesota, for approval to
acquire 100 percent of the voting shares of Heritage
Bank, N.A., Aurelia, Iowa. 2/

Minneapolis

International Bancorporation, St. Paul, Minnesota, for
approval to acquire 100 percent of the voting shares of
Northern National Bancshares, Inc., Bemidji, Minnesota
and indirectly acquire The Northern National Bank of
Bemidji, Bemidji, Minnesota. 2/

Minneapol is

Newport Corporation, Canton, South Dakota, for approval
to acquire 100 percent of the voting shares of Dakota
State Bank of Col man, Col man, South Dakota. 2J

Kansas City

Affiliated Bankshares of Colorado, Inc., Boulder, Colorado,
for approval to acquire 95.1 percent of the voting
shares of Intrawest Financial Corporation, Denver,
Colorado and indirectly Intrawest Bank of Southglenn,
N.A., Denver; Intrawest Bank of Aurora, N.A., Arapahoe
County; Intrawest Bank of Boulder, N.A., Boulder;
Intrawest Bank of Colorado Springs, Colorado Springs;
Intrawest Bank of Bear Valley, N.A., Denver; Intrawest
Bank of Fort Collins, N.A., Fort Collins; Intrawest
Bank of Grand Junction, Grand Junction; Intrawest Bank
of Greeley, N.A., Greeley; Intrawest Bank of Highlands
Ranch, N.A., Highlands Ranch; Intrawest Bank of Southwest
Plaza, N.A., Jefferson County; Intrawest Bank of Montrose,
N.A., Montrose; Intrawest Bank of Northglenn, N.A.,
Northglenn; Intrawest Bank of Pueblo, N.A., Pueblo;
Intrawest Bank of Steamboat Springs, N.A., Steamboat
Springs and Intrawest Bank of Sterling, Sterling, all
located in Colorado. 2J

Kansas City

American Bank Corporation, Denver, Colorado, for approval
to acquire 100 percent of the voting shares of American
National Bank of Evanston, Evanston, Wyoming. 2/

Tl

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 No. 26

- 18 APPLICATIONS RECEIVED - Continued

Kansas City

BancOklahoma Corp., Tulsa, Oklahoma, for approval to acquire
90 percent of the voting shares of Fidelity of Oklahoma,
Inc., Tulsa, Oklahoma. 2/

Kansas City

Central Bancorporation, Inc., Central Colorado Company and
C.C.B., Inc., all of Denver, Colorado, for approval to
acquire 100 percent of the voting shares of Central Bank
of Garden of the Gods, N.A., Colorado Springs, Colorado
and 100 percent of Central Bank of Westminster, N.A.,
Westminster, Colorado. 2/

Kansas City

Valley Bancorp, Inc., Brighton, Colorado, for approval
to acquire 100 percent of the voting shares of First
National Bank of Brighton, Brighton, Colorado, formerly
Platte Valley Industrial Bank, Brighton, Colorado. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to
Section 4(c)(8) of the Bank Holding Company Act of 1956
New York

Manufacturers Hanover Corporation, New York, New York,
for approval to acquire through Applicant's indirect
subsidiary, Finance One of Louisiana, Inc., Alexandria,
Louisiana, 100 percent of the voting shares of Cenla
Finance, Inc., Pineville, Louisiana.

New York

North Fork Bancorporation, Inc., Mattituck, New York,
requests permission to engage de novo in the following
activities (providing financiaTT banking and economic
data processing and data transmission services for
North Fork Bancorporation, Inc., and its subsidiary and
third parties) through its subsidiary, Acudata Service
Corporation (6/28/84)

New York

U.S. Trust Corporation, New York, New York, requests
permission to engage de novo in the following activities
(providing to others data processing and data transmission
services and facilities [including data processing and
data transmission hardware, software, documentation
and operating means for banking, financial and economic
data] and providing to others excess capacity and time
sharing on data processing or transmission equipment
or facilities) in New York City, serving the entire
United States, through its subsidiary, Financial
Technology, Inc. (6/27/84)

2/

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 No. 26

- 19 APPLICATIONS RECEIVED - Continued

Atlanta

SouthTrust Corporation, Birmingham, Alabama, notification
of intent to engage in de novo activities (in making and
servicing loans, the issuance and sale of money orders,
savings bonds, and traveler's checks; securities
brokerage services; leasing personal or real property;
and insurance activities related to the extension of
credit throughout the United States) through its subsidiary,
SouthTrust Financial Services, Inc. (6/19/84)

Chicago

Merchants National Corporation, Indianapolis, Indiana,
for approval to acquire Mortgage Company of Indiana,
Inc., Indianapolis, Indiana.

Chicago

Northern States Financial Corporation, Waukegan, Illinois,
for approval to acquire Antioch Trust Company, Antioch,
11 linois.

Minneapolis

First Bank System, Inc., Minneapolis, Minnesota, for
approval to acquire Metropolitan Insurance Agency,
Wahpeton, Inc., Wahpeton, North Dakota, thereby engaging
in general insurance agency activities in a town with
a population exceeding 5,000.

Minneapolis

Norwest Corporation, Minneapolis, notification of intent to
engage in de novo activities (in insurance agency
activities including the sale of life, casualty, property
and other general lines insurance) in Atlantic, Iowa and
Virginia, Minnesota, by transferring such activities from
two subsidiary banks to its insurance subsidiary, Norwest
Agencies, Inc. (6/25/84)

Kansas City

Affiliated Bankshares of Colorado, Inc., Boulder, Colorado,
for approval to acquire 100 percent of the voting shares
of Intrawest Insurance Agency, Inc., Denver, Colorado;
Intrawest Leasing Company, Denver, Colorado and Intrawest
Mortgage Company, Denver, Colorado.

Kansas City

Second Security Bankshares, Inc., and Security Holding
Company, Miami, Oklahoma, for approval to acquire Security
Insurance Agency, Miami, Florida and thereby engage
indirectly in credit related life, accident, and health
insurance.

Dallas

Landmark Financial Group, Inc., Fort Worth, Texas, notifification of intent to engage in de novo activities
(bookkeeping and data processing services for the
internal operations of the holding company and its
subsidiaries and the storing and processing of other
banking, financial, and related economic data) in
Fort Worth, Texas, through its subsidiary, landmark
Service Corp.
(6/25/84)




H.2, 1984 No. 26

- 20 APPLICATIONS RECEIVED - Continued

San
Francisco




National Bankshares of La Jolla, La Jolla, California,
notification of intent to engage in de novo activities
(in normal mortgage banking activities including
originations, servicing and secondary marketing;
this activity is allowed under Section 225.25,
paragraph b.l. of the Bank Holding Company Act)
serving the entire State of California primarily the
San Diego and Bakersfield areas, through its subsidiary,
National Bankshares Mortgage, Inc. (6/21/84)
* * * * *

REPORTS RECEIVED
Current Report Filed Pursuant to
Section 13 of the Securities Exchange Act
Chemung Canal Trust Company
Elmira, New York
* * * * *

Ownership Statement Filed Pursuant to
Section 13(d) of the Securities Exchange Act
Union Trust Company of Ellsworth
Ellsworth, Maine
*

*

*

*

*

Tender Offer Statement Filed Pursuant to
Section 14(d) of the Securities Exchange Act
Union Trust Company of Ellsworth
Ellsworth, Maine
* * * * *

PETITIONS FOR RULEMAKING
None