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RESEARCH LIBRARY ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM i on JUH tJ H.2, 1990, No. 23 the Board, its Staff, and o "cne^rederal Reserve Banks; Applications and Reports Received *ec *of' W eek End*n9 Junfe ®' 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Credit availability to small businesses — statement by Governor LaWare before the House Committee on Small Business, June 6, 1990. Authorized, June 4, 1990. ADVISORY COUNCILS Consumer Advisory Council — for nine vacancies. Announced, June 4, 1990. request for nominations SANK HOLDING COMPANIES Amsterdam - Rotterdam Bank N.V., Amsterdam, The Netherlands, and Stichting Amro — to engage de novo in underwriting and dealing in bank-eligible securities, and to a limited extent, municipal revenue bonds, 1-4 family mortgage-related securities, commercial paper and consumerreceivable-related securities, private placement and riskless principal activities, full service brokerage activities, and providing financial advice to institutional customers through Amro Securities, Inc., New York, New York. Permitted, June 4, 1990. Bank of Tokyo, Ltd., Tokyo, Japan — to engage in certain brokerage services, investment and financial advisory services to institutional customers, and foreign exchange through BOT Securities, Inc., New York, New York. Approved, June 4, 1990. Nippon Credit Bank, Ltd., Tokyo, Japan — to acquire Nippon Credit Trust Company, New York, New York. Approved, June 4, 1990. BOARD OPERATIONS Martin Building — repairs. Approved, June 4, 1990. H.2 JUNE 4, 1990 PAGE 2 TO JUNE 9, 1990 ACTIONS TAKEN BY THE BOARD OP GOVERNORS FORMS Government Securities Dealer Activities (FR 2004A, B, C, and D extension, revision of 2004A and 2004B, and 2004C, discontinuance of FR 2004D, and implementation of 2004WI and 2004B.1. Approved, June 8, 1990. G o v e r n m e n t S e c u r i t i e s D e a l e r A c t i v i t i e s (FR G - FI N) a n d N o t i c e of T e r m i n a t i o n (FR G - F I N W ) — extension w i t h r e vision. Approved, June 4, 1990. National Survey of Currency Quality Perceptions (FR 3061) — one-time survey. Approved, June 8, 1990. Primary Dealer Profit Center Report (FR 2002) — extension. Approved, June 8, 1990. Senior Loan Officer Opinion Survey on Bank Lending Practices (FR 2018) — extension with revision. Approved, June 8, 1990. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES. DOMESTIC Atlanta First American Bank of Pelham, Pelham, Alabama — to establish a branch in BrunoTs Supermarket, located at the intersection of U.S. Highway 280 and Shelby County Highway 17, Shelby County, Alabama. Approved, June 5, 1990. Chicago First of America Bank - Ann Arbor, Michigan — to establish a branch at 3252 Washtenaw Avenue. Approved, June 6, 1990. Chicago Isabella Bank and Trust, Mount Pleasant, Michigan — to establish an offsite automated teller machine at 1015 East Pickard Street. Approved, June 8, 1990. H .2 JUNE 4, 1990 PAGE 3 TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Cleveland Ohio Citizens Bank, Toledo, Ohio — to establish a customer-bank communication terminal at 26625 North Dixie Highway, Perrysburg, Ohio. Approved, June 7, 1990. Atlanta SouthTrust Bank of Marion County, Hamilton, Alabama — to establish a branch at 104 West 1st Avenue North, Winfield, Alabama. Approved, June 7, 1990. New York United Jersey Bank, Hackensack, New Jersey — to establish a branch at 1415 Route 70 East, Cherry Hill, New Jersey. Approved, June 8, 1990. BANK HOLDING COMPANIES Secretary Amsterdam - Rotterdam Bank N.V., Amsterdam, The Netherlands, and Stichting Amro — to allow General Counsel of the New York branch of AmsterdamRotterdam N.V. to serve as General Counsel and Secretary of Amro Securities, Inc. Approved, June 6, 1990. S t . Louis Arkansas National Banking Corporation, Rogers, Arkansas — to acquire Farmers & Merchants Bank; and First National Bank of Bentonville, Bentonville, Arkansas. Withdrawn, June 7, 1990. Chicago Central Banc, Inc., Geneseo, Illinois — to acquire Central Trust & Savings Bank of Geneseo. Approved, June 8, 1990. New York Citicorp, New York, New York — to make an additional investment in Citicorp International Trading Company (an export trading company), New Castle, Delaware. Approved, June 8, 1990. H.2 JUNE 4, 1990 PAGE 4 TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York Compagnie Financiere de Suez, Paris, France, and Banque Indosuez -- to engage de novo in discount brokerage services through Indosuez Carr Futures Inc., Chicago, Illinois. Permitted, June 7, 1990. Atlanta Enterprise Financial Corporation, Orlando, Florida — to acquire Enterprise National Bank of Tampa, Tampa, Florida, and The Enterprise Bank, N.A., Winter Park, Florida. Approved, June 6, 1990. Atlanta Evergreen Bancshares, Inc., Tallahassee, Florida — to acquire Guaranty National Bank of Tallahassee, Tallahassee, Florida. Approved, June 9, 1990. Richmond First Charlotte Financial Corporation, Charlotte, North Carolina — to acquire First Charlotte Bank and Trust Company. Approved, June 8, 1990. Secretary First Commercial Bank N.A. of Memphis, Memphis, Tennessee — to acquire Home Federal Savings and Loan Association. Approved, June 8, 1990. Richmond First Fidelity Bancorp, Inc., Fairmont, West Virginia — to acquire FirstBank Shinnston, Shinnston, West Virginia. Approved, June 5, 1990. Cleveland First Grayson Bancorp, Inc., Grayson, Kentucky — acquire The First National Bank of Grayson. Approved, June 6, 1990. Minneapolis Gaylord Bancorporation, Ltd., Gaylord, Minnesota — to acquire Nicollet State Bank, Nicollet, Minnesota. Returned, June 6, 1990. to H.2 JUNE 4, 1990 PAGE 5 TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES S t . Louis Montgomery County Bancshares, Inc., Little Rock, Arkansas — to acquire Junction City Holding Company, Junction City, Arkansas, and Union State Bank. Approved, June 5, 1990. Staff Director BS&R NCNB Corporation, Charlotte, North Carolina, proposal that NCNB Texas National Bank, Dallas, Texas, purchase the assets and assume the liabilities of Interim Eight NCNB Texas, F.S.B., Tyler, Texas, and that Interim Eight acquire certain assets and assume deposit liabilities of East Texas Savings and Loan Association, F.A., Tyler, Texas. Approved, June 8, 1990. Richmond NCNB C o r p o r a t i o n , C h a r l o t t e , N o r t h C a r o l i n a — to e s t a b l i s h I n t e r i m E i g h t N C N B Texas, F.S.B., Tyler, Texas. Approved, June 8, 1990. Philadelphia Newfield Bancorp, Inc., Newfield, New Jersey — to acquire First National Bank in Newfield, Newfield, New Jersey. Approved, June 4, 1990. Kansas City Norton Bankshares, Inc., Norton, Kansas — to acquire the assets of Rouse Insurance Agency, Norton, Kansas, and engage in insurance agency activities. Approved, June 5, 1990. San Francisco Security Pacific Corporation, Los Angeles, California — to engage nationwide in community development activities through Security Pacific Community Services Corporation, Seattle, Washington. Approved, June 8, 1990. Philadelphia Univest Corporation of Pennsylvania, Souderton, Pennsylvania — to acquire Pennview Savings Association. Approved, June 8, 1990. H .2 JUNE 4, 1990 PAGE 6 TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Western American Bank Corporation, Bedford, Texas, and Western American Corporation of Delaware, Wilmington, Delaware — to acquire Western American National Bank, Bedford, Texas. Returned, June 8, 1990. BANK PREMISES New York Chemical Bank, New York, New York — bank premises. Approved, June 8, 1990. S t . Louis English State Bank, English, Indiana — bank premises. Approved, June 7, 1990. Staff Director BS&R First American Bank of Pelham, Pelham, Alabama — investment in bank premises. Approved, June 7, 1990. investments in investment in BANKS, NATIONAL GC Bank of Los Alamos, Los Alamos, New Mexico — control determination involving Community Center Limited Partnership, and Mesa Market, Inc. Granted, June 6, 1990. GC Mercantile Bank, N.A., St. Louis, Missouri, and Mercantile Bank Corporation — control determination involving The Hill - Dodge Banking Company, Warsaw, Illinois. Granted, June 6, 1990. CAPITAL STOCK Kansas City Eastman National Bancshares, Inc., Newkirk, Oklahoma — redemption of shares. Approved, June 8, 1990. Kansas City Gardner Bancorp, Inc., Gardner, Kansas — of shares. Approved, June 4, 1990. redemption H.2 JUNE 4, 1990 PAGE 7 TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Kansas City Norton Bankshares, Inc.; Norton, Kansas — of shares. Approved, June 5, 1990. redemption CHANGE IN BANK CONTROL Kansas City Eastman National Bancshares, Inc., Newkirk, Oklahoma — change in bank control. Permitted, June 8, 1990. Dallas First University Corporation, Houston, Texas — change in bank control Permitted, June 5, 1990. Kansas City Gardner Bancorp, Inc., Gardner, Kansas — bank control. Permitted, June 4, 1990. Chicago Guthrie County Bancshares, Inc., Guthrie Center, Iowa — change in bank control. Permitted, June 8, 1990. Chicago Northern States Financial Corporation, Waukegan, Illinois — change in bank control. Permitted* June 8, 1990. CffTOIlIMS change in EACI.QRS REPORTS Cleveland Banc One Columbus, N.A., Columbus, Ohio, proposed assumption of the liability to pay deposits in AARP Credit Union, Washington, D.C. — report on competitive factors. Submitted, June 4, 1990. Kansas City Bank IV Olathe, National Association, Olathe, Kansas, proposed acquisition of certain assets and assumption of certain liabilities of Anchor Federal Savings and Loan Association, Kansas City, Kansas — report on competitive factors. Submitted, June 7, 1990. H .2 JUNE 4, 1990 PAGE 8 TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City Cambridge State Bank, Cambridge, Nebraska, proposed merger with Farmers and Merchants Bank of Edison, Edison, Nebraska — report on competitive factors Submitted, June 5, 1990. Cleveland Farmers Banking Company, N.A., Lakeview, Ohio, proposed purchase of the assets and assumption of the liabilities of two branches of Mid - American National Bank and Trust Company, Bowling Green, Ohio — report on competitive factors. Submitted, June 4, 1990. Chicago Farmers National Bank of Geneseo, Geneseo, Illinois, proposed merger with Woodhull State Bank, Woodhull Illinois — report on competitive factors. Submitted, June 5, 1990. St. Louis First Community Bank, Missouri, Bernie, Missouri, proposed merger with the State Bank of Campbell, Campbell, Missouri — report on competitive factors. Submitted, June 6, 1990. Kansas City First National Bank of Phillipsburg, Phillipsburg, Kansas, proposed merger with Commercial State Bank Long Island, Kansas — report on competitive factors. Submitted, June 7, 1990. Dallas Guaranty Bond State Bank of Waller, Waller, Texas, proposed merger with First Bank, Fairfield, Texas — report on competitive factors. Submitted, June 6, 1990. San Francisco H.F. Ahmanson and Company, Los Angeles, California; Home Savings of American, Irwindale; and Bowery Holding Corporation, proposed acquisition of Home Savings Bank, Bayside, New York — report on competitive factors. Submitted, June 7, 1990. H .2 JUNE 4, 1990 PAGE 9 TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Home Savings of America* F.A.* Irwindale* California* proposed acquisition of certain assets and deposits of Golden Coin Savings and Loan Association* San Francisco* California — report on competitive factors. Approved* June 8* 1990. Chicago National Bank & Trust Company of Sycamore* Sycamore* Illinois* proposed merger with NI Interim National Bank — report on competitive factors. Submitted* June 5* 1990. Chicago Society Bank* Michigan* Ann Arbor* Michigan — proposed merger with Society Bank* Lenawee* Adrian* Michigan — report on competitive factors. Submitted* June 5* 1990. Chicago State National Bank of Platteville* Platteville* Wisconsin* proposed merger with The Bloomington State Bank* Bloomington; The First National Bank of Boscobel* Boscobel; Citizens State Bank* Montfort; and Farmers and Merchants State Bank* Shullsburg* Wisconsin — report on competitive factors. Submitted* June 4* 1990. Chicago Tri City National Bank of Oak Creek* Oak Creek* Wisconsin -- proposed merger with Tri City National Bank of Hales Corner* Hales Corner; Tri City National Bank of West Allis* West Allis; Tri City National Bank ef Brown Deer* Brown Deer; Tri City National Bank of Brookfield* Brookfield; and Tri City National Bankof Menomonee Falls* Menomonee Falls* Wisconsin'-- report on competitive factors. Approved* June 4* 1990. Cleveland United National Bank - North* Wheeling* West Virginia* proposed merger with First National Bank* Weirton* Weirton* West Virginia — report on competitive factors. Submitted* June 4* 1990. H.2 JUNE 4, 1990 PAGE 10 TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Minneapolis Windom State Bank* Windom, Minnesota, proposed merger with Westbrook - Darfur State Bank, Westbrook, Minnesota — report on competitive factors. Submitted, June 6, 1990. EXTENSIONS OF TIME Richmond Crestar Bank, Richmond, Virginia — extension to July 2, 1990, to purchase certain assets and assume certain liabilities of two branches of Perpetual Savings Bank, F.S.B., McLean, Virginia, located at 2260 Sunstates Court, Virginia Beach, Virginia, and 2155 Coliseum Drive, Hampton Virginia. Granted, June 4, 1990. St. Louis First Farmers Bank Holding Company, Bardstown, Kentucky — extension to July 2, 1990, to redeem shares. Granted, June 4, 1990. Richmond First Hanover BanCorp, Inc., Wilmington, North Carolina — extension to September 28, 1990, to acquire First Hanover Bank. Granted, June 8, 1990. San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain property. Granted, June 4, 1990. St. Louis Hogue Holding Company, Weiner, Arkansas — extension to September 1, 1990, to acquire Bank of Weiner. Granted, June 6, 1990. Kansas City Pittsburg Bancshares, Inc., Pittsburg, Kansas -extension to August 7, 1990, to acquire City National Bank of Pittsburg. Granted, June 7, 1990. H .2 JUNE 4, 1990 PAGE 11 TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, June 5, 1990. Chicago Tremont Bancorp, Inc., Tremont, Illinois -- extension to September 16, 1990, to acquire The First National Bank in Tremont. Granted, June 5, 1990. INTERNATIONAL OPERATIONS Staff Director IF Bank of New England International, Miami, Florida — amendment of articles of association to change the location of its home office from Miami, Florida to Boston, Massachusetts. Approved, June 4, 1990. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Minneapolis — reader / sorters for Helena Branch. Approved, June 5, 1990. to purchase Director, FRBO Federal Reserve Bank of New York — computer equipment. Approved, June 6, 1990. to purchase Director, FRBO Federal Reserve Bank of New York — computer equipment. Approved, June 6, 1990. to purchase RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Chicago — to offer a Canadian check collection service. Approved, June 7, 1990. H .2 ADDITIONS AND CORRECTIONS JUNE 4, 1990 PAGE 12 TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Philadelphia Bryn Mawr Bank Corporation, Bryn Mawr, Pennsylvania — to engage in management consulting services for depository institutions. Approved, May 28, 1990. Secretary FNB Rochester Corp., Rochester, New York — to acquire REMS, Inc. and engage in mortgage banking activities. Approved, May 17, 1990. SANK MERGERS San Francisco Pacific Western Bank, San Jose, California — to acquire certain assets of Saratoga Savings and Loan Association, and act as paying agent for deposit liabilities for the Resolution Trust Corporation. Approved, June 1, 1990. H .2 JUNE 4, 1990 PAGE 13 ADDITIONS AND CORRECTIONS TO JUNE 9, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas Alvin National Bank, Alvin, Texas, proposed merger with Chemical National Bank, Clute; Coastal National Bank, Angleton; and First Freeport National Bank, Freeport, Texas — report on competitive factors. Submitted, May 5, 1990. Atlanta Citizens Bank, Fort Valley, Georgia, proposed purchase of certain assets and assumption of liability to pay deposits made in the Fort Valley, Georgia Branch of Georgia Federal Bank, F.S.B., Atlanta, Georgia — report on competitive factors Submitted, May 31, 1990. San Francisco First Federal Savings Bank, Salt Lake City, Utah, proposed purchase and assumption of three branches of Crossland Savings F.S.B. — report on competitive factors. Submitted, June 1, 1990. San Francisco Scott Valley Bank, Yreka, California, proposed acquisition of certain assets and assumption of the liability to pay certain deposits made in the First Deposit Savings Bank, Redding, California — report on competitive factors. Submitted, June 1, 1990. EXTENSIONS OF TIME Staff Director BS&R Deutsche Bank AG, Frankfurt, Germany — six-month extension to conform activities of C. J. Lawrence Morgan Grenfell, Inc., New York, New York. Granted, May 30, 1990. 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 BOTCH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date The Royal Bank of Scotland Federal Register Group pic, Edinburgh, United Kingdom - 4 (c) (8) application for prior approval to engage indirectly through its wholly owned subsidiaries Charterhouse Inc., Charterhouse North American Securities, Inc., and Charterhouse Properties, Inc., in certain nonbanking activities, to acquire a partnership interest in a de novo general partnership, Continental Partners, and to engage indirectly through continental Partners in certain nonbanking actitivies Not Yet Established First Regional Bancorp, Federal Register Inc., Hartford, Connecticut - 4 (c)(8) application to engage in the private placement of debt and equity securities and to provide merger and acquisition advice and services through First Regional Investcorp, Inc., Hartford, Connecticut Not Yet Established -2- SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE *Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ Chemical Bank, New York, New York to purchase certain assets and assume certain liabilities of a branch of The Greater New York Savings Bank located at 2213/2219 Broadway, New York, New York.]/ 7/11/90 Chemical Bank, New York, New York to establish a branch at 6509 Bay Parkway, Brooklyn, New York.l/ 7/10/90 United Jersey Bank, Hackensack, New Jersey to establish an offsite electronic facility at Ramapo College, 505 Ramapo Valley Road, Mahwah, New Jersey.1/ 7/11/90 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Noribanking Applications (Subject to Federal Register Notice Only] None. SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FED ER A L R E S E R V E BANK OF P H ILA D ELP H IA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None* SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. F ed eral R eserv e Bank o f C le v e la n d Applications Bulletin For Week Ending June 9, 1990 SECTION I - APPLICATIONS SPBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SPBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION CO M M E N T P E R I O D ENDING 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 on M a y 29, 1990 from Nati o n a l City Corporation, Cleveland, Ohio, to a c quire Buckeye Financial Corporation, Columbus, Ohio. J u l y 2, 1990 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE R e c e i v e d r e q u e s t on J u n e 6, 1990 from Dollar Secu r i t y Bank, Niles, Ohio, for p e r m i s s i o n to e x ceed its limit of investment in b a n k p r e m i s e s p e r m i t t e d u n d e r S e c t i o n 24A of the Federal R e s e r v e Act. * # N F - Su b j e c t to C R A E x p e c t e d to end app r o x i m a t e l y 30 days from the d a t e of rece i p t N e w s p a p e r C o m m e n t Period Federal R e g i s t e r Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Community Bank, Inc., Princeton, West Virginia, for permission to establish an electronic funds transfer facility in the Benedum Center, West Virginia Wesleyan College, Buckhannon, West Virginia.* 6-30-90 Central Fidelity Bank, Richmond, Virginia, for permission to establish a branch at the intersection of Davis Ford Road and Liberia Avenue, Manassas, Virginia.* 7-6-90 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Peoples Bancorporation, Rocky Mount, North Carolina, to acquire 19.9% of The Planters Corporation, Rocky Mount, North Carolina.** 6-29-90 The Planters Corporation, Rocky Mount, North Carolina, to acquire 19.9% of Peoples Bancorporation, Rocky Mount, North Carolina.** 6-29-90 Section III - Applications Subject to Federal Register Notice Application Crown National Bancorporation, Inc., Charlotte, North Carolina, to engage in leasing automobiles and equipment to individuals and businesses through its subsidiary, Crown National Leasing Company, Charlotte, North Carolina.** Comment Period Ending Date 6-26-90 *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. Section III - Applications Subject to Federal Register Notice--contd. Application Comment Period Ending Date Centura Banks, Inc., Rocky Mount, North Carolina, to acquire Watauga Savings and Loan Association, Inc., Boone, North Carolina.** Carolina First Corporation, Greenville South Carolina, to engage in owning and operating a savings and loan association, accepting deposits; making and servicing mortgage, commercial, and consumer loans; issuing credit cards; lease financing of personal and real property; and acting as principal, agent, broker for insurance that is directly related to an extension of credit by the holding company organiza tion, and limited to ensuring the repay ment of the outstanding balance due on the extension of credit in the event of the death, disability, or involuntary unemployment of the debtor through the acquisition of First Federal Savings and Loan Association of Georgetown, Georgetown, South Carolina. 6-29-90 Not yet available. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Atlanta Applications Bulletin for Week. Ending June 8, 1990 Section I - Applications Subject To Newspaper Notice Only Application Central Bank of the South 05-30-90 (CRA) Birmingham, Alabama Newspaper To establish a branch office at Flintroad Supermarket, 1550 Opelika Road, Auburn, Alabama, to be known as Flintroad Supermarket Branch. Section II - Applications Subject To Both Newspaper and Federal Register Notice Application Comment Period Ending Date Citizens Bancorp of Winfield, Inc. Winfield, Alabama 1-BHC formation, The Citizens Bank of Winfield, Winfield, Alabama. Boca Bancorp, Inc. Boca Raton, Florida After-the-fact change in control by Dennis Alter to retain 1.44 percent of the Class B stock that increased his ownership to 11.24 percent, and to acquire an additional 14.36 percent of the outstanding shares of Class B stock that will increase his total ownership to 25.60 percent. Main Street Banks Incorporated 07-02-90 Covington, Georgia Newspaper To acquire Southern Heritage Savings Bank, Winterville, Georgia (member bank). First Ascension Bancorp, Inc. 06-18-90 Gonzales, Louisiana Federal Register and Newspaper 1-BHC formation, First National Bank of Gonzales, Gonzales, Louisiana. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Cumberland Valley Bancshares, Inc. Madison, Tennessee To redeem 50,000 shares (16.67 percent) of its outstanding common stock. Week Ending June 8, 1990 Federal Reserve Bank of Atlanta Recently Approved Applications Application Approval Date First American Bank 06-07-90 Pelham, Alabama To establish a branch office at the intersection of U.S. Highway 280 and Shelby County Highway 17, Pelham, Alabama, in an unincorporated area known as Inverness, to be known as the Inverness Branch. SouthTrust Bank of Marion County 06-05-90 Hamilton, Alabama To establish a branch office at 28 East First Avenue North, Winfield, Alabama, to be known as Winfield Branch. Enterprise Financial Corporation 06-06-90 Orlando, Florida Multi-BHC formation, Enterprise National Bank of Tampa, Tampa, Florida, and The Enterprise Bank, N.A., Winter Park, Florida. Evergreen Bancshares, Inc. 06-06-90 Tallahassee, Florida 1-BHC formation, Guaranty National Bank of Tallahassee, Tallahassee, Florida. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch Bankers Trust Company Des Moines, Iowa 114th & University Clive, Iowa* Branch Affiliated Bank/Chicago Chicago, Illinois 754-758 W. North Avenue Chicago, Illinois* N - 6-11-90 Branch Affiliated Bank/Chicago Chicago, Illinois Relocation from 754-758 W. North Avenue to 1457 Diversey Parkway Chicago, Illinois* N - 6-11-90 Branch First of America Bank-Northern Michigan Traverse City, Michigan 211 State Street East Atlanta, Michigan* N - 6-29-90 Merger/ Branch First of America Bank-Northern Michigan Traverse City, Michigan First of America Bank-Lewiston Lewiston, Michigan Kneeland Street Lewiston, Michigan* N - 6-29-90 N - 6-14-90 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 Capitol Bancorp, Ltd. Lansing, Michigan Ann Arbor Commerce Bank (in organization) Ann Arbor, Michigan* FR - 5-29-90 N - 7-5-90 Y-l Financial Center Corporation Holland, Michigan Paragon Bank (in organization) Holland, Michigan* FR - 5-29-90 N - 5-21-90 CoC-HC Dulaney Bancorp, Inc. FR - 5-24-90 Marshall, Illinois N - 6-16-90 Steven Nichols; Katherine Nichols; Alexander Nichols; Ann-Stewart Nichols; Melissa Nichols and Trevor McKinley Nichols Y-2 First Midwest Corporation of Delaware Elmwood Park, Illinois Midwest Bank and Trust Company of DuPage County (in organization) Hinsdale, Illinois* FR - 6-8-90 N - 6-11-90 CoC-HC Oswego Bancshares, Inc. Oswego, Illinois Oswego Community Bank Employee Stock Ownership Plan Oswego, Illinois FR - 6-15-90 N - ** Y-l Midstates Bancshares, Inc. FR Omaha, Nebraska N Harlan National Company Harlan, Iowa The Harlan National Bank Harlan, Iowa First National Company of Missouri Valley Missouri Valley, Iowa The First National Bank of Missouri Valley Missouri Valley, Iowa* - 6-19-90 - ** Y-2 Alpha Banco, Inc. Alpha, Illinois The Bank of Alexis Alexis, Illinois* - 6-20-90 - ** FR n Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application CoC-HC Leland National Bancorp, Inc. Leland, Illinois H. P. Walker; S. Pfeiffer; M. Cluts; T. Tilton & R. Reed FR - 6-22-90 N - 6-20-90 Y-2 Ogle County Bancshares, Inc. Rochelle, Illinois Leland National Bancorp, Inc. Leland, Illinois Leland National Bank Leland, Illinois* FR - 6-25-90 N - 6-26-90 Y-2 INB-Financial Corporation Indianapolis, Indiana Peoples Mid-Illinois Corporation Bloomington, 111inois Peoples Bank Bloomington, Illinois* FR - ** N - 6-23-90 Y-l INB-Illinois Corporation Indianapolis, Indiana Peoples Mid-Illinois Corporation Bloomington, 111inois Peoples Bank Bloomington, 111inois * FR - ** N - 6-23-90 Y-l Principal National Bancorp, Inc. Pontiac, Illinois The Pontiac National Bank Pontiac, Illinois* FR - 6-25-90 N - 6-25-90 Y-2 Marshall & Ilsley Corporation Milwaukee, Wisconsin Barneveld State Bank Barneveld, Wisconsin* FR - ** N - ** Y-l PrivateBancorp, Inc• Chicago, Illinois The PrivateBank and Trust Company Chicago, Illinois (in organization)* FR - ** N - ** Y-l Liberty Bank Stock Bonus Plan and Trust Milwaukee, Wisconsin Liberty Bank Milwaukee, Wisconsin* FR - ** N - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Type 4(c)(8) First Southeast Banking Corp. FR - 6-19-90 Lake Geneva, Wisconsin To make, acquire and service loans or other extensions of credit for Applicant's account or for the accounts of others Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Dulaney Bancorp, Inc. Marshal1, 111inois Redeem 11,022 shares outstanding stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time June 8, 1990 Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date ^Section 3(a)(1) application by Peoples Bancorp, Inc. of Bullitt County, Shepherdsville, Kentucky, to acquire The Peoples Bank of Bullitt County, Shepherdsville, Kentucky (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Section 4(c)(8) application by Universal Bancorp, Bloomfield, Indiana, to engage in leasing activities through Geneva Leasing Associates, Inc., St. Charles, Illinois, a going concern (Not available) SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. * This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Conrad Company Minneapolis, MN To acquire First National Bank, Cut Bank, MT* 6-20-90 (Federal Register) Three Forks Bancorporation, Inc. Three Forks, MT To acquire an additional 1.3% of the voting shares of Citizens Bancshares, Inc., Bozeman, MT* Not yet available Dennis J. Zaun and Thomas J. Sexton To acquire control of 100% of Eden Valley Bancshares, Inc., Eden Valley, MN Not yet available Gaylord Bancorporation, Ltd. Gaylord, MN To acquire Nicollet State Bank Nicollet, MN* 6-6-90 (Returned) Norwest Corporation Minneapolis, MN To acquire Wyoming National Bankcorporation, Casper, WY* Not yet available *Subject to CRA Section II - Applications Subject to Both Newspaper and Federal Register Notice (continued) Corporate Advisors L .P .; Corporate Partners, L.P.; Corporate Offshores Partners, L.P.; The State Board of Administration of Florida; Lazard Frerest Co.; and LFCD Corp. To acquire First Bank System Minneapolis, MN Not yet available NoDak Bancorporation Mandan, ND To acquire Union State Bank of Fargo, Fargo, ND* Not yet 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 Montana Bank of Sidney, N.A. Sidney, MT To become a member of the Federal Reserve System* *Subject to CRA Not yet available Federal Reserve Bank o f Kansas City SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H N E W S P A P E R AND F E D E R A L R E G I S T E R N O T I C E APPLICATION COMMENT PERIOD ENDING DATE S a r a h Bryan, G e n e Kelly, and Neal F. O s b orn, H o w ard, Kansas, for prior a p p r o v a l to incre a s e their p r o p o r t i o n a t e o w n e r s h i p interest in Elk C o u n t y Bancshares, Inc., Howard, Kansas, by 27.7 percent to 71.2 percent. Not A v a i l a b l e W e a t h e r f o r d Bancorporation, Inc., W e a t h e r f o r d , Oklahoma, for prior a p p r o v a l to b e c o m e a bank holding c o m p a n y t h r o u g h the a c q uisition of 80 p e r c e n t of the voting shares of U n i t e d C o m m u n i t y Bank, Weatherford, O k l a h o m a .* Not A v a i l a b l e A m e r i W e s t C o r p oration, Omaha, N e b r a s k a , for prior approval to b e c o m e a ba n k holding company t h r o u g h the a c q u i s i t i o n of 100 percent of the v o t i n g s h a r e s of United B a n c s h a r e s of N e b r a s k a , Inc., Omaha, Nebraska, p a r e n t of F i r s t Westroads Bank, Inc., Omaha, N e b r a s k a . * Not A v a i l a b l e Eva J u n e D o t s o n and Kennith Dotson, R a n g e l y , C olorado, for prior a p p r o v a l to i n c r e a s e their p r o p o r t i o n a t e o w n e r s h i p interest in Rio B l a n c o S t a t e Bank, Rangely, Colorado, by .85 p e r c e n t to 15.17 percent. Not A v a i l a b l e U n i t e d M i s s o u r i Bancshares, Inc., K a n s a s City, Missouri, for p r ior a p p r o v a l to a c q u i r e 100 percent of the v o t i n g s h a r e s of Liberty N a t i o n a l Bank, L i b e r t y , Missouri.* Not A v a i l a b l e Federal Reserve Bank o f Kansas City C o u n t r y Bank Shares, Inc., Milford, N e b r a s k a , for pr i o r a p p r o v a l to a c q u i r e 100 p e r c e n t of the voting s h a r e s of H o m e State Bank, Beaver Crossing, Nebraska.* June 29, 1990 F i r s T r u s t , Inc., Cambridge, Nebraska, for pr i o r a p p r o v a l to a c q u i r e 100 p e r c e n t of the v o t i n g shares of H a r din, Inc., Edison, N e b r a s k a . * June 22, 1990 SECTION III - A P P L I C A T I O N S SUBJECT TO F E D E R A L R E G I S T E R N O T I C E ONLY APPLICATION COMMENT PERI O D ENDING DATE S u n w e s t F i n a n c i a l Services, Inc., A l b u q u e r q u e , Ne w Mexico, for prior a p p r o v a l to e n g a g e de novo in p r o v i d i n g to o t h e r s f i n a n c i a l l y r e l a t e d da t a p r o c e s s i n g and data t r a n s m i s s i o n services, facilities, an d d a t a bases; or a ccess to them. Not Available A m e r i W e s t C o r p o r a t i o n , Omaha, N e b r a s k a , for prior a p p r o v a l to a c q u i r e 100 p e r c e n t of the voting s h a r e s of F r e m o n t C o m p u t e r Services, Inc., Omaha, N ebraska, and thereby e n g a g e in p r o v i d i n g to o t h e r s f i n a n c i a l l y r e l ated data p r o c e s s i n g a n d d a t a t r a n s m i s s i o n services, faci l i t i e s , and da t a bases; or access to them. Not Available S E C T I O N IV - A P P L I C A T I O N S NO T SUBJECT TO F E D E R A L R E G I S T E R N O T I C E O R N E W S P A P E R NOT I C E APPLICATION None. *Application is s u b ject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JUNE 4, 1990 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 Happy Bancshares, Inc., Canyon, TX, to acquire First State Bank, Happy, TX 90/07/04 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) de novo notification by First Alamogordo Bancorp, Inc., Alamogordo, NM, to engage in the activity of making, acquiring, and/or servicing one loan for itself or for others of the type made by a commercial finance company, through First Alamagordo Bancorp, Inc.-Commercial Lending, Alamogordo, NM 90/06/29 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by GNB Bancshares, Inc., Gainesville, TX to redeem 20,000 shares of its common stock * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY N/A - NOT AVAILABLE AT THIS TIME. fEHHffiL RESERVE BANK GP SAN FRANCISCO Week ending 6/08/90 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Northrim Bank (In Organization), Anchorage, Alaksa, to become a member of the Federal Reserve System. * Newspaper: 7/04/90 Section II - Applications Subject to Both Newspaper and Federal Register Notice First Hawaiian, Inc., Honolulu, Hawaii, to acquire First Interstate of Hawaii, Inc., Honolulu, Hawaii. * Leon Elster, Ios Angeles, California, to increase ownership of common shares from 20.24 up to 30.00 percent of Mid City Bancorp, Los Angeles, California. Fai Heng Chen, Vancouver, British Columbia, to increase ownership from 12.04 to at least 40.87 percent of American Pacific Bank, Aumsville, Oregon. Larry Shehadey, Fresno, California, to increase ownership from 9.93 to 15.00 percent of Vallicorp Holdings, Inc., Fresno, California. Fed. Rea.: 5/21/90 Newspaper: 7/07/90 Fed. Rea.: 6/05/90 Newspaper: 6/30/90 Fed. Rea.: 6/21/90 Newspaper: Not available Fed. Rea.: 6/27/90 Newspaper: Not available Section III - Applications Subject to Federal Register Notice Only Bank of Tokyo, Ltd., Tokyo, Japan, to expand geographically futures commission merchant activities through BOT Futures, Inc., New York, New York. Fed. Reg.: 7/02/90 PV Financial, Modesto, California, to engage directly in making/servicing loans. Fed. Rea.: 7/06/90 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER