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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1982 No. 11)
Actions of the Board; Applications and Reports
Received During the Week Ending March 13, 1982
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Statement by Theodore E. A l l i s o n , S t a f f D i r e c t o r f o r
Federal Reserve Bank A c t i v i t i e s , before the Subcommittee on Consumer A f f a i r s of the Senate Banking
Committee t o present the views of the Board of
Governors of the Federal Reserve System regarding
delayed funds a v a i l a b i l i t y p o l i c i e s and p r a c t i c e s .
Regulation K amendment, p e r m i t t i n g Edge Corporations t o
engage i n the United States in c e r t a i n economic and
investment advisory and investment management services
(Docket No. 4-0366).
F i d e l i t y Union Bank, Newark, New Jersey, issuance of a
subordinated c a p i t a l note.
Dal las
Austin County Bankshares, I n c . , B e l l v i l l e , Texas, extension
of time t o June 2, 1982, w i t h i n which t o consummate the
a c q u i s i t i o n of Austin County State Bank, B e l l v i l l e , Texas. _1/
Atlanta
Banks County Financial Corporation, Homer, Georgia, extension
of time u n t i l July 14, 1982, w i t h i n which t o become a bank
holding company through a c q u i s i t i o n of Bank of Banks County,
Homer, Georgia. 1/
Dal las
CBC, I n c . , C l o v i s , New Mexico, extension of time t o June 30, 1982,
w i t h i n which t o consummate the a c q u i s i t i o n of The C i ti zens
Bank of C l o v i s , C l o v i s , New Mexico. 1/
Dal las
Central Corporation, Monroe, Louisiana, extension of time t o
A p r i l 23, 1982, w i t h i n which to consummate the a c q u i s i t i o n of
Central Bank, Monroe, Louisiana. J J
Cleveland
Colonial Banc Corp., Eaton, Ohio, extension of time u n t i l
July 21, 1982, w i t h i n which t o acquire Eaton National Bank
and Trust Co., Eaton, Ohio. 1/
1/
A p p l i c a t i o n processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 NO. 11
2
-
ACTIONS OF THE BOARD-Continued
Chicago
F i r s t Morton Bancorp, I n c . , Morton, I I l i n o i s , extension of
time t o A p r i l 30, 1982, w i t h i n which to become a bank
holding company through the a c q u i s i t i o n of 80 percent
or more of the voting shares of F i r s t National Bank of
Morton, Morton, I l l i n o i s . 1/
Chicago
Hayesville Bancshares, I n c . * H a y e s v i l l e , Iowa, extension of
time to June 9, 1982, w i t h i n which t o become a bank holding
company through the a c q u i s i t i o n of 80 percent or more of the
v o t i n g shares of Hayesvi1le Savings Bank, H a y e s v i l i e , Iowa. V
Dallas
I n t e r n a t i o n a l Bancshares Corporation, Laredo, Texas, extension
of time t o March 30, 1982, w i t h i n which t o consummate the
a c q u i s i t i o n of Commerce Bank, N.A., Laredo, Texas. _!/
St. Louis
Mercantile Bancorporation I n c . , St. Louis, Mi ssouri , a d d i t i o n a l
extension of time u n t i l June 1, 1982, w i t h i n which to open
Mercantile Bank of South County, N.A., St. Louis County,
Missouri s a proposed new bank, j /
St. Louis
Old Capital Financal Corporation, Corydon, Indiana, extension
of time u n t i l May 15, 1982, w i t h i n which t o become a bank
holding company through the a c q u i s i t i o n of Old Capital Bank
and Trust Company, Corydon, Indiana, the successor by merger
w i t h Capital Bank, Corydon, Indiana. V
Kansas City
P l a t t e v i l i e Capital Corp., P l a t t e v i l i e , Colorado, extension of
time u n t i l A p r i l 24, 1982, w i t h i n which to consummate the
a c q u i s i t i o n of P l a t t e v i ! l e State Bank, P l a t t e v i l i e , Colorado. 1/
Atlanta
Sun Banks of F l o r i d a , I n c . , Orlando, F l o r i d a , extension of time
u n t i l June 15, 1982, w i t h i n which t o acquire Commercial Bank
of Okeechobee, Okeechobee, F l o r i d a , y
Dallas
United Mercantile Bancshares, I n c . , Shreveport, Louisiana,
extension of time to May 28, 1982, w i t h i n which to consummate
the a c t i v i t y of brokering leases through a subsidiary known
as United Mercantile Leasing Company, Shreveport, Louisiana. _!/
Dallas
Valley Bancorp, Inc.» El Paso, Texas, extension of time u n t i l
May 31, 1982, w i t h i n which to consummate the a c q u i s i t i o n of
The Valley Bank of El Paso, El Paso, Texas. \ j
Minneapolis
Farmers State Bank of West Concord, West Concord, Minnesota, t o
make an investment in bank premises. 1/
! / A p p l i c a t i o n processed on behalf of the Board of Governors under delegated
authority.
H.y, 19 2 No. H
ACTIONS OF THE BOARD-Continued
Kansas City
f i d e l i t y Bank jno i r u s t , Aurora, Colorado, extension to time to
November 18, H / , w i t h i n which Co accomplish the sate of subordinated c a p i t a l notes. 1/
San
franc;seo
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a ,
extension of t tine to March 31, 1983, w i t h i n which to establish
a branch o f f i c e in the v i c i n i t y of the i n t e r s e c t i o n of Clovis
and Shaw Avenues, C l o v i s , C a l i f o r n i a . \J
Kansas City
Jackson State Bank, Jackson, Wyoming, to make an investment in
bank premises. U
Oallas
Bank of k e r m l l e , Xerrvi 1 l e , Texas, extension of time to
September IS, 1982, to issue subordinated c a p i t a l notes. \_/
Dal las
Peoples State Bank, Rocksprings, Texas, to make an investment
in bank premises. ] /
Atlanta
Sun Bank of Oca l a , Oca!a, F l o r i d a , t o make an investment in
bank premises, i j
Chicago
Bank of L i s l e , L i s l e , I l l i n o i s , a p p l i c a t i o n f o r p r i o r approval
to merge with Arboretum V i l l a g e Bank, L i s l e , I l l i n o i s , under
the charter of Arboretum V i l l a g e Bank, and t i t l e of Bank of
L i s l e ; report transmitted to the Federal Deposit Insurance
Corporation on competitive f a c t o r s , j /
Richmond
Bank of Riverdale, Hiverdale, Maryland, a proposed new
proposed merger with Citizens Bank and Trust Company
Maryland, Riverdale, Maryland; report transmitted to
Federal Deposit Insurance Corporation on competitive
Atlanta
Bank of Woodstock, Woodstock, Georgia, proposed merger with
Woodstock Interim Bank, Woodstock, Georgia; report transmitted
to the Federal Deposit Insurance Corporation on competitive
factors. V
Chicago
Citizens Bank, Mooresville, Indiana, a p p l i c a t i o n for p r i o r
approval to merge with F i r s t Bank of Morgan County, Mooresvi11 e,
Indiana, under the charter of F i r s t Bank of Morgan County,
and t i t l e of Citizens Bank; report transmitted to the Federal
Deposit Insurance Corporation on competitive f a c t o r s . V
At lanta
City Bank and T^ust Company, McMinnvi1le, Tennessee, proposed
nenier * 11 ** L • %
. I Interim Bank , McMinnvi l i e , Tennessee; report
trans i i I T c : to th*» Federal Deposit Insurance Corporation on
competitive f a c t o r s . 1/
T/
Appl i c a t i o n p ^
dut +r)r 11 v.
bank,
of
the
factors. V
w-half of the Board of Governors under delegated
H.2, 1982 No. 11
- 4 ACTIONS OF THE BOARD-Continued
Chicago
Edens Plaza State Bank, Wilmette, I l l i n o i s , a p p l i c a t i o n f o r
p r i o r approval t o merge w i t h EPS Bank, Wilmette, I l l i n o i s ,
under the c h a r t e r of EPS Bank, and t i t l e of Edens Plaza
State Bank; report t r a n s m i t t e d t o the Federal Deposit
Insurance Corporation on competitive f a c t o r s . J J
Atlanta
Farmers Bank of T i f t o n , T i f t o n , Georgia, proposed merger
w i t h F i r s t Community I n t e r i m , I n c . , T i f t o n , Georgia;
report t r a n s m i t t e d t o t h e Federal Deposit Insurance Corporation
on competitive f a c t o r s . \J
Philadelphia
Farmers Bank and Trust Company of Hanover, Hanover, Pennsylvania,
proposal t o merge w i t h Center Square Bank, Hanover, Pennsylvania,
under the c h a r t e r and t i t l e o f Farmers Bank and Trust Company;
report t r a n s m i t t e d t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . If
Chicago
F i r s t American State Bank, Fort Dodge, Iowa, a p p l i c a t i o n f o r
p r i o r approval t o merge w i t h The State Bank, Fort Dodge, under
the c h a r t e r and t i t l e of F i r s t American State Bank; report
t r a n s m i t t e d t o the Federal Deposit Insurance Corporation on
competitive f a c t o r s . 1/
Atlanta
F i r s t Bank of Haversham, C o r n e l i a , Georgia, proposed merger w i t h
JMM, I n c . , C o r n e l i a , Georgia; report transmitted t o the Federal
Deposit Insurance Corporation on competitive f a c t o r s . J7
Atlanta
F i r s t National Bank of Houma, Houma, Louisiana, proposed merger
w i t h New F i r s t National Bank of Houma, Houma, Louisiana; report
t r a n s m i t t e d t o the Comptroller of the Currency on competitive
f a c t o r s . IJ
Philadelphia
Fulton Bank, H a r r i s b u r g , Pennsylvania, proposed merger with One
Penn Square Bank, Harrisburg, Pennsylvania, under the charter
and t i t l e of Fulton Bank; report transmitted to the Federal
Deposit Insurance Corporation on competitive f a c t o r s . 1/
Atlanta
Merchants National Bank, Vicksburg, M i s s i s s i p p i , proposed merger
w i t h MNB National Bank of Vicksburg, Vicksburg, M i s s i s s i p p i ;
report t r a n s m i t t e d t o the Comptroller of the Currency on
competitive f a c t o r s . J J
Chicago
Morgan County Bank and Trust Company, Eminence, Indiana,
a p p l i c a t i o n f o r p r i o r approval to merge w i t h Mooresvilie
Bank & Trust Company, Eminence, Indiana, under the charter of
M o o r e s v i l i e Bank & Trust Company, and t i t l e of The Morgan
County Bank and Trust Company; report transmitted to the
Federal Deposit Insurance Corporation on competitive f a c t o r s . _!/
V A p p l i c a t i o n processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 11
- 5 ACTIONS OF THE BOARD-Continued
Atlanta
National Bank of Georgia, A t l a n t a , Georgia, proposed merger
w i t h NBG I n t e r i m National Bank, A t l a n t a , Georgia; report
t r a n s m i t t e d t o the Comptroller of the Currency on competitive
f a c t o r s . 1/
Chicago
Second State Bank of Calumet C i t y , Calumet C i t y , I l l i n o i s ,
a p p l i c a t i o n f o r p r i o r approval t o merge w i t h F i r s t State Bank
of Calumet C i t y , Calumet C i t y , I l l i n o i s , under the charter
of Second State Bank of Calumet C i t y , and t i t l e of F i r s t
State Bank of Calumet C i t y ; report t r a n s m i t t e d to the Federal
Deposit Insurance Corporation on competitive f a c t o r s . \J
Richmond
Security Bank, National A s s o c i a t i o n , Washington, D.C., a proposed new bank, proposed merger w i t h Security National Bank,
Washington, D.C.; report t r a n s m i t t e d t o the Comptroller of
the Currency on competitive f a c t o r s . 1/
Richmond
UNB National Bank, Washington, D.C., a proposed new bank, proposed
merger w i t h United National Bank of Washington, Washington, D.C.,
report t r a n s m i t t e d t o the Comptroller of the Currency on
competitive f a c t o r s , j y
1J
A p p l i c a t i o n processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 11
-
6
-
ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant t o Section
9 of the Federal Reserve Act
New York
Approved
United Jersey Bank, Hackensack, New Jersey. To e s t a b l i s h
an o f f s i t e e l e c t r o n i c f a c i l i t y at 6 A i r p o r t Plaza, Route
#36, H a z l e t , New Jersey. 1/
New York
Barclays Bank of New York, J e r i c h o , New York. To e s t a b l i s h
d branch o f f i c e at 604 Broadhollow Road, M e l v i l l e , New York. 1/
New Jersey
United Jersey Bank/Southwest, Camden, New Jersey. To
e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y at 6 A i r p o r t Plaza,
Route 36, Hazlet, New Jersey. V
At 1anta
Exchange Bank and Trust Company of F l o r i d a , Tampa, F l o r i d a .
To e s t a b l i s h an automated t e l l e r machine at 2465 U.S.
Highway 19, Clearwater, F l o r i d a . j_/
Atlanta
Bank of Forest, Forest, M i s s i s s i p p i .
at i t s former head o f f i c e . JL/
Dallas
The F i r s t State Bank, Abilene, Texas. To e s t a b l i s h and use
an o f f s i t e e l e c t r o n i c f a c i l i t y at 4814 South 14th S t r e e t ,
Abilene, Texas. U
Dallas
The F i r s t State Bank, Abilene, Texas. To e s t a b l i s h and use
an o f f s i t e e l e c t r o n i c f a c i l i t y at 166 Pioneer Drive,
Abilene, Texas. 1/
*
*
*
*
To maintain a branch
*
To Become a Member of the Federal Reserve System
Pursuant t o Section 9 of the Federal Reserve System
Chicago
San
Franci sco
1/
Approved
Northwest Bank of Winnebago County, Rockford, I l l i n o i s . l_/
Bank of Lake Oswego, Lake Oswego, C a l i f o r n i a . _!/
A p p l i c a t i o n processed on behalf of the Board of Governors under delegated
authori t y .
H.2, 1982 No. 11
- 7 ACTIONS UF THE BOARD-Continued
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l Investments
and Other Actions Pursuant t o Sections 25 and 25(a) of the
Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the
Bank Holding Company Act of 1956, as amended
New York
New York
Approved
European American Bank and Trust Company, New York, New York:
grants consent f o r European American Bank and Trust Company,
New York , New York, t o r e t a i n i t s investment in European
American Bank (Bahamas) Limited a f t e r Limited engages in
fiduciary a c t i v i t i e s .
Sixty Day N o t i f i c a t i o n Period Allowed t o Expire
Manufacturers Hanover Trust Company, New York, New York: no
o b j e c t i o n t o e s t a b l i s h an i n i t i a l branch i n T a i p e i , Taiwan,
Repuhlic of China.
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o Section
3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956
Boston
Approved
f i r s t Massachusetts Management Corporation, Brockton,
Massachusetts, f o r approval t o r e t a i n 80 percent of the
v o t i n g shares of F i r s t Massachusetts Financial Corporation,
Brockton, Massachusetts, by v i r t u e of i t s c o n t r o l of
Massachusetts Bank and Trust Company, Brockton, Massachusetts.
i/
Philadelphia
J e f f e r s o n Bancorporation, I n c . , Haverford, Pennsylvania, f o r
approval to acquire 100 percent of the voting shares of
J e f f e r s o n Bank, Haverford, Pennsyl vania. _1/
Atlanta
B a l l e r t o n Corporation, Oveido, Spain, f o r approval t o
acquire 50 percent of the v o t i n g shares of Totalbank Corporation
of F l o r i d a , Miami, F l o r i d a , and i n d i r e c t l y acquire Total bank,
Miami, F l o r i d a .
Atlanta
Country Bank Company, Forsyth, Georgia, f o r approval to acquire
100 percent of the voting shares of Monroe County Bank,
Forsyth, Georgia, j /
At 1anta
Guaranty Connerce Corporation, Alexandria, Louisiana, f o r
approval to acquire at least 80 percent of the voting shares of
Guaranty Bank & Trust Company, Alexandria, Louisiana. V
IT of chc Boara of Governors under delegated
- 8
W.2, 1982 Mo. 11
ACTIONS OF THL BOARD-Continued
Atlanta
M i l f o r d , N . V . , Oranjestad, Netherlands A n t i l l e s , f o r approval t o acquire 40 percent of the voting shares of
Totalbank Corporation of F l o r i d a , Miami, F l o r i d a and
i n d i r e c t l y acquire Totalbank, Miami, F l o r i d a .
Atlanta
UNB Corporation, F a y e t t e v i l l e , Tennessee, f o r approval to
acquire 100 percent of the v o t i n g shares of Union National
Bank o f F a y e t t e v i l l e , F a y e t t e v i l l e , Tennessee. ]_/
Atlanta
United Southern Bancorp, St. Petersburg, F l o r i d a , f o r approval
to acquire a t least 90 percent of the voting shares of United
Southern Bank, S t . Petersburg, F l o r i d a . U
Chicago
Central of I l l i n o i s , I n c . , S t e r l i n g , I l l i n o i s , f o r approval t o
acquire 100 percent of the v o t i n g shares (less d i r e c t o r s '
q u a l i f y i n g shares) of the successor by merger to The Central
National Bank of S t e r l i n g , S t e r l i n g , I l l i n o i s . U
Chicago
FIRST HARVEY BANC CORPORATION, River Forest, I l l i n o i s , f o r
approval t o acquire at least 80 percent of the voting shares
of F i r s t National Bank in Harvey, Harvey, I l l i n o i s . V
Chicago
Great Lakes Financial Resources, I n c . , Blue I s l a n d , I l l i n o i s ,
f o r approval t o acquire 100 percent of the voting shares
(less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by
merger t o F i r s t National Bank of Blue I s l a n d , Blue I s l a n d ,
Illinois.
1/
Chicago
ILB Financial C o r p . , North Manchester, Indiana, f o r
t o acquire 100 percent of the voting shares (less
qua I i f y i n g shares) of the successor by merger to
Lawrence Bank & Trust Company, North Manchester,
Chicago
I r e t o n Bancorp, I r e t o n , Iowa, f o r approval t o acquire at least
80 percent of the v o t i n g shares of Security Savings Bank,
I r e t o n , Iowa. If
Chicago
Morgan County Bancorp, M o o r e s v i I l e , Indiana, f o r approval to
acquire 100 percent of the voting shares (less d i r e c t o r s 1
q u a l i f y i n g shares) of the successor by merger to The Morgan
County Bank and Trust Company, Eminence, Indiana. \J
Chicago
Thurman State Corporation, Thurman, Iowa, f o r approval to
acquire at least 80 percent of the voting shares of Thurman
State Bank, Thurman, Iowa. 1/
y
approval
directors'
Indiana
Indiana. 1/
A p p l i c a t i o n processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 NO. 11
- 9
ACTIONS OF THE BOARD-Continued
St. Louis
FNB Bancorp s I n c . , Glasgow, Kentucky, f o r approval to acquire
100 percent of the v o t i n g shares of The New Farmers National
Bank of Glasgow, Glasgow, Kentucky. 1/
Kansas C i t y
Indian Springs Bancshares, I n c . , Kansas C i t y , Kansas, f o r
approval t o acquire at least 80 percent of the voting shares
o f Indian Springs State Bank, Kansas C i t y , Kansas. 1/
Kansas C i t y
Kansas Bancorp I I , I n c . , Concordia, Kansas, f o r approval to
acquire at l e a s t 80 percent of the voting shares of Kansas
Bancorp, I n c . , Concordia, Kansas and i n d i r e c l y F i r s t Bank &
T r u s t , Concordia, Kansas. JL_/
Dal las
Brady National Holding Company, I n c . , Brady, Texas, f o r
approval t o acquire at l e a s t 80 percent of the voting shares
of The Brady National Bank, Brady, Texas. \J
Dal las
Broadway Bancshares, I n c . , San Antonio, Texas, f o r approval
t o acquire 100 percent of the voting shares of Broadway
National Bank, San Antonio, Texas. J7
Dal las
The Roxton Corporation, Roxton, Texas, f o r approval t o acquire
100 percent of the v o t i n g shares of Roxton Bancshares, I n c . ,
Roxton, Texas, and i n d i r e c t l y at least 95 percent of The F i r s t
Bank, Roxton, Texas. \J
Dal las
San Saba National Corporation, San Saba, Texas, f o r approval to
acquire at least 80 percent of the voting shares of The San
Saba National Bank, San Saba, Texas. \ j
San
Francisco
BNW Bancorp, Eugene, Oregon, f o r approval t o acquire 100 percent
of the v o t i n g shares of Bank of the Northwest, Eugene, Oregon. _!/
Chicago
Denied
GREENSTONE F i n a n c i a l , I n c . , Three Oaks, Michigan, f o r approval
t o acquire at least 80 percent of the voting shares of The
Bank of Three Oaks, Three Oaks, Michigan. 1/
y
A p p l i c a t i o n processed on behalf of the Board of Governors under delegated
authority.
I
H.2, 1982 No. 11
-10ACTIONS OF THE BOARD-Continued
To Expand a Bank Holding Company Purusant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Chicago
Approved
Continental I l l i n o i s Corporation, Chicago, I l l i n o i s , f o r
approval t o acquire 100 percent of the voting shares (less
d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger
t o B u f f a l o Grove National Bank, B u f f a l o Grove, I l l i n o i s . 1/
Dallas
F i r s t Abilene Bankshares, I n c . , Abilene, Texas, f o r approval
to acquire at least 80 percent of the voting shares of
Eastland National Bank, Eastland, Texas. 1/
Dallas
Mercantile Texas Corporation, D a l l a s , Texas, f o r approval t o
acquire 100 percent of the voting shares (less d i r e c t o r s '
q u a l i f y i n g shares) of Southwest Bank, Mesquite, Texas. If
San
Francisco
U.S. Bancorp, Portland, Oregon, f o r approval t o acquire 100
percent of the voting shares of Bank of Lake Oswego, Lake
Oswego, Oregon, a proposed new bank. 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
New York
Approved
Deutsche Bank Ag, Frankfurt (Main), Federal Republic of Germany,
f o r approval t o acquire 50 percent of the voting shares of
Fiat Credit Services I n c . , Bannockburn, I l l i n o i s . J7
Richmond
James Madison, L i m i t e d , Washington, D.C., f o r approval t o
acquire A.E. Landvoigt, I n c . , F a i r f a x , V i r g i n i a , a company
which i s engaged i n mortgage company a c t i v i t i e s . _!/
Chicago
Thurman State Corporation, Thurman, Iowa, f o r approval to
engage in general insurance a c t i v i t i e s i n a community w i t h
a population of less than 5,000. l_/
San
Francisco
F i r s t Bancorporation, Salt Lake C i t y , Utah, f o r approval t o
acquire 100 percent of the outstanding shares of Beehive
Financial Corporation and i t s wholly-owned s u b s i d i a r y ,
Beehive T h r i f t and Loan Company, Salt Lake C i t y , Utah and
engage i n i n d u s t r i a l loan a c t i v i t i e s .
J_/
A p p l i c a t i o n processed on behalf of the Board of Governors under delegated
authority.
I
H.2, 1982 No. 11
- 11 ACTIONS OF THE BOARD-Continued
New York
Kansas C i t y
Boston
New York
3/
Delayed
Correction:
The n o t i c e f o r C i t i c o r p which appeared as Delayed on H.2 No.
9, 1982 was i n c o r r e c t . The correct noti ce which should
have been Delayed should be C i t i c o r p , New York, New York,
requests permission to expand the a c t i v i t i e s of an e x i s t i n g
o f f i c e engaging i n (the sale of c r e d i t r e l a t e d property
and casualty insurance p r o t e c t i n g real and personal property
subject t o a s e c u r i t y agreement w i t h C i t i c o r p Person-to-Person
Financial Center, Inc. t o the extent permissible under
a p p l i c a b l e State insurance laws and r e g u l a t i o n s ) at 3033
South Parker Road, Aurora, Colorado, the proposed service
area f o r t h i s a c t i v i t y i s the e n t i r e State of Colorado,
through i t s s u b s i d i a r y , C i t i c o r p Person-to-Person Financial
Center, Inc. (2/25/82) 3/
The F i r s t National Bancorporation, I n c . , Denver, Colorado,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( i n p r o v i d i n g data processing confirmation services and
r e p o r t s , i n c l u d i n g technical assistance on i n t e r p r e t i n g
and using the confirmation reports t o correspondent banks
and savings and loans associations of i t s subsidiary bank,
The F i r s t National Bank of Denver, Denver, Colorado) at
633 17th S t . , Denver, Colorado, the geographic area to
be served includes the State of Colorado and Albany County
in Wyoming (2/5/82) 3/
Reactivated
F i r s t National Boston Corporation, Boston, Massachusetts,
n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s
( ( i ) p r o v i d i n g bookeeping and data processing services
f o r the i n t e r n a l operation of a s i n g l e named bank and
( i i ) s t o r i n g and processing banking f i n a n c i a l or related
data ( i n c l u d i n g demand d e p o s i t , savings, d i r e c t and i n d i r e c t i n s t a l l m e n t loans, commercial loans, mortgages,
general ledger and c e n t r a l information accounting) f o r
such bank and i n d i r e c t l y f o r i n s t i t u t i o n s who may enter
i n t o a data processing agreement w i t h such bank) at 101
East F l a g l e r S t r e e t , Miami, F l o r i d a , serving the State
of F l o r i d a , through i t s s u b s i d i a r y , FBC, I n c . , (3/11/82) 3/
Chemical New York Corporation, New York, New York, requests
permission to e s t a b l i s h de novo o f f i c e s engaging in the
f o l l o w i n g a c t i v i t i e s ( i n generating and s e r v i c i n g loans
and other extensions of c r e d i t ; making or acquiring
loans t o customers; acquiring i n s t a l l m e n t contracts from
4(c)(%) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of
Governors under dHmjatod a u t h o r i t y .
H.2, 1982 No. 11
- 1 2 -
ACTIONS OF THE BOARD-Continued
r e t a i l s e l l e r s covering the time sales of goods and related
s e r v i c e s ; making or a c q u i r i n g loans and other extensions
of c r e d i t to businesses ( i n c l u d i n g extensions of c r e d i t
secured by personal property lease c o n t r a c t s ; making
a v a i l a b l e t o i t s debtors c r e d i t l i f e , c r e d i t accident
and h e a l t h , mortgage l i f e and mortgage d i s a b i l i t y i n s u r ance, a l l d i r e c t l y r e l a t e d t o extensions of c r e d i t ; the
service area of these o f f i c e s w i l l be the States of Oklahoma
and Arizona, r e s p e c t i v e l y ; c r e d i t l i f e and c r e d i t accident
and health insurance provided by these o f f i c e s in connection
w i t h the proposed a c t i v i t i e s w i l l be reinsured through
Sun States L i f e and/or Great Lakes Insurance Companies,
i n d i r e c t s u b s i d i a r i e s of A p p l i c a n t ) at 4431 NW 63rd S t r e e t ,
Oklahoma C i t y , Oklahoma, through i t s s u b s i d i a r y , Sunamerica
Corporation (3/9/82) 3/
New York
Cleveland
17
Permitted
Chemical New York Corporation, New York, New York, requests
permission to e s t a b l i s h de novo o f f i c e s engaging in the
f o l l o w i n g a c t i v i t i e s ( i n generating and s e r v i c i n g loans
and other extensions of c r e d i t ; making or acquiring
loans t o customers; a c q u i r i n g i n s t a l l m e n t contracts from
r e t a i l s e l l e r s covering the time sales of goods and related
s e r v i c e s ; making or a c q u i r i n g loans and other extensions
o f c r e d i t t o businesses ( i n c l u d i n g extensions of c r e d i t
secured by personal property lease c o n t r a c t s ; making
a v a i l a b l e t o i t s debtors c r e d i t l i f e , c r e d i t accident
and h e a l t h , mortgage l i f e and mortgage d i s a b i l i t y i n s u r ance, a l l d i r e c t l y r e l a t e d t o extensions of c r e d i t ; the
service area of these o f f i c e s w i l l be the States of Oklahoma
and Arizona, r e s p e c t i v e l y ; c r e d i t l i f e and c r e d i t accident
and health insurance provided by these o f f i c e s in connection
w i t h the proposed a c t i v i t i e s w i l l be reinsured through
Sun States L i f e and/or Great Lakes Insurance Companies,
i n d i r e c t s u b s i d i a r i e s of Applicant) at 4431 NW 63rd S t r e e t ,
Oklahoma C i t y , Oklahoma, through i t s s u b s i d i a r y , Sunamerica
Corporation (3/9/82) 3/
F i r s t Ohio Bancshares, I n c . , Toledo, Ohio, n o t i f i c a t i o n of
i n t e n t t o engage i n de novo a c t i v i t i e s ( i n the underw r i t i n g on a reinsurance basis of c r e d i t l i f e and c r e d i t
accident and health insurance d i r e c t l y r e l a t e d to extensions of c r e d i t by F i r s t Ohio Bancshares 1 lending subs i d i a r i e s ) at 1421 E. Thomas Road, Phoenix, Arizona, the
immediate geographic area which w i l l be served and from
which business w i l l be derived and/or s o l i c i t e d includes
Lucas, Wood, Fulton and Henry Counties i n the State of
Ohio, through i t s s u b s i d i a r y , F i r s t Ohio L i f e Insurance
Co* (an Arizona c o r p o r a t i o n ) (3/12/82) 3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of
Governors under delegated a u t h o r i t y .
H.2, 1982 No. 13
-13ACTIONS OF THE BuARD-Continued
Kansas C i t y
Devonshire Investment r . r - r : r y , |:,?rhany, Oklahoma, n o t i f i c a t i o n
of i n t e n t t o engage in de
f ' : i v i t i e s ( i n s e l l i n g reducing
tenn, j o i n t and s i n g l e , c r ^ j i t I : fe insurance in connection
w i t h demand and s i n g l e payment c r e d i t , and c r e d i t - r e l a t e d
accident and health insurance d i r e c t l y r e l a t e d to extensions
of c r e d i t by Devonshire Investment Company, Bethany, Oklahoma
and i t s subsidiary hank, F i r s t National Bank of Bethany, Bethany,
Oklahoma) at
N.W. 39th Street Expressv/ay, and 3808 N.
Peniel (Bethany Bank Tower), the geographic area to be served
by these o f f i c e s includes Western Oklahoma and Eastern Canadian
counties in Oklahoma, i n c l u d i n g the c i t i e s of Bethany, Warr
Acres, Yukin. V i l l a g e , Nichols H i l l s , and part of Oklahoma C i t y ,
a l l in Oklahoma* through a s u b s i d i a r y , Uevinco Credit Insurance
Agency, Inc. (3/12/X2) 3/
San
Francisco
Heritage Bancorp, Anaheim, C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t
t o engage i n de no_vo a c t i v i t i e s (making real estate mortgage
loans and s e r v i c i n g real estate c o n s t r u c t i o n and mortgage
loans) as 2171 Campus D r i v e , I r v i n g , C a l i f o r n i a , serving
the southern C a l i f o r n i a area, through i t s d i r e c t s u b s i d i a r y ,
Heritage Mortgage Corporation (3/12/82) 3/
San
Francisco
S e a f i r s t Corporation, b a t t l e , Washington, n o t i f i c a t i o n of
i n t e n t t o engage i n ,ie novo a c t i v i t i e s ( i n i n d u s t r i a l banking
a c t i v i t i e s as authorized by Colorado law; such a c t i v i t i e s w i l l
include accepting deposits as authorized f o r i n d u s t r i a l
banks by Colorado law (excluding NOW accounts), making loans
and other extensions of c r e d i t , i n c l u d i n g personal c r e d i t
l i n e s , both secured and unsecured, second mortgages, and
small business loans; and a c t i n g as an agent or broker
f o r the sale of c r e d i t l i f e , accident and health insurance
d i r e c t l y r e l a t e d t o i t s extensions of c r e d i t ) at South
Colorado boulevard & East Exposition Avenue, Denver,
Colorado, through i t s s u b s i d i a r y , S e a f i r s t Belcaro I n d u s t r i a l
Bank and w i t h i n one-half mile of 16th Street ^ Larimer
S t r e e t , Denver, Colorado, through i t s s u b s i d i a r y , S e a f i r s t
Larimer Square I n d u s t r i a l Bank (3/12/82) 3/
_3/ ^ ( c ) ( 8 ) n o t i f i c a t i o n I f r o c e s b M by Reserve Bank on behalf of the Board of
Governors under delegated a u t h o r i t y .
/ %U. 12
- 14 APPLICATIONS RECEIVED
To E s t a b l i s h a Domestic Branch Pursuant to Section 9
of J:he Federal Reserve Act
%ow fork
Manufacturers and Traders Trust Company, B u f f a l o , New York.
Requests permission t o e s t a b l i s h an o f f s i t e e l e c t r o n i c
t j i . H i t y at Harriman Hall on the main s t r e e t campus of
the State U n i v e r s i t y of New York at B u f f a l o , City of
B u f f a l o , Erie County, New York. 2/
Chiiagc
Northwest Bank of Winnebago County, Rockford, I l l i n o i s .
To e s t a b l i s h a branch f a c i l i t y at 125 Phelps Avenue,
Rockford, I l l i n o i s . 2/
Chicago
Peoples Bank of Bloomington, Bloomington, I l l i n o i s . To
e s t a b l i s h an o f f s i t e automatic t e l l e r machine at the
corner of Washington and Madison S t r e e t , Bloomington,
I l l i n o i s . 2/
*
*
*
*
*
Applications and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other Actions Pursuant to Sections 25
and 25(a) of the Federal Reserve Act and Sections 4 ( c ) ( 9 )
and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as
amended
New York
European American Bank & Trust Company, New York, New York:
consent t o make an a d d i t i o n a l investment in i t s wholly
owned s u b s i d i a r y , European American Bank (Bahamas) L t d . ,
Nassau, Bahamas, t o enable the subsidiary to acquire 20
percent of the shares of Banque Europeene Pour L'Amerique
L a t i n e , S.A. Brussels, Belgium and p a r t i c i p a t e p r o - r a t a in
Banque1s a n t i c i p a t e d c a p i t a l increase in 1982.
New York
North America I n t e r n a t i o n a l Corporation, New York, New York,
an Edge Act Corporation wholly owned by National Bank of
North America, New York, New York: requests consent to
r e l o c a t e i t s home o f f i c e to Miami, F l o r i d a and to change
i t s name t o North America I n t e r n a t i o n a l Bank, r e q u i r i n g
amendments to A r t i c l e s F i r s t , Third and Fourth of Edge's
A r t i c l e s of Association.
New York
U.S. Trust Corporation, New York, New York: requests consent
to e s t a b l i s h an Edge Act corporation in Palm Beach, F l o r i d a
through i t s wholly owned s u b s i d i a r y , U.S. Trust Company of
Delaware, Dover, Delaware to be known as United States Trust
Company I n t e r n a t i o n a l Corporation.
A p p l i c a t i o n "subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the lennth of tne comment period.
H.2, 1982No.
-15APPLICATIONS RECEIVED-Continued
Dallas
RepublicBank D a l l a s , N.A., D a l l a s , Texas: requests consent
t o e s t a b l i s h a 2nd Edge Act subsidiary to be known as
RepublicBank Dallas I n t e r n a t i o n a l in D a l l a s , Texas and t o
e s t a b l i s h a branch of the Edge in New York C i t y , New York.
San
Francisco
Security P a c i f i c Corporation, Los Angeles, C a l i f o r n i a : p r i o r
n o t i f i c a t i o n of i t s i n t e n t t o acquire i n d i r e c t l y a l l of the
shares of S h i p f i t t e r s (Lancashire) Rentals L t d . , a United
Kingdom leasing company.
*
*
*
*
*
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
New York
Republic National Bank of New York, New York: p r i o r n o t i f i c a t i o n
of i t s i n t e n t to open an i n i t i a l branch in Milan, I t a l y .
Philadelphia
Morgan Bank (Delaware), Wilmington, Delaware: requests consent
to e s t a b l i s h a branch in Geroge Town, Grand Cayman, Cayman
Islands.
*
*
*
*
*
To Establish a U.S. Branch of an Edge Act Corporation
Pursuant to Section 25(a) of the Federal Reserve Act
New York
Manufacturers Hanover Trust Company, New York, New York, on
behalf of Manufacturers Hanover I n t e r n a t i o n a l Banking
Corporation, Mi ami, F l o r i d a : requests consent f o r Edge to
e s t a b l i s h a branch in San Francisco, C a l i f o r n i a .
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Philadelphia
2/
National Penn Bancshares, I n c . , Boyertown, Pennsylvania, f o r
approval to acquire 100 percent of the voting shares of
National Bank of Boyertown, Boyertown, Pennsylvania. 2/
A p p l i c a t i o n subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 11
-16APPLICATIONS RECEIVED-Continued
Atlanta
Cameron Bancshares, I n c . , Cameron, Louisiana, f o r approval to
acquire at least 80 percent of the voting shares of Cameron
State Bank, Cameron, Louisiana.
Atlanta
F i r s t National Bancorp, G a i n e s v i l l e , Georgia, f o r approval to
acquire 100 percent of the voting shares of F i r s t Cornelia
Corporation, Cornelia, Georgia, and i n d i r e c t l y acquire F i r s t
Bank of Hambersham, Cornelia, Georgia. 2/
Chicago
T-C Holdings, I n c . , Chicago, I l l i n o i s , f o r approval to acquire
at least 93 percent of the voting shares of Bank of Yorktown,
Lombard, I l l i n o i s . 2]
St. Louis
Ambanc Corp., Vincennes, Indiana, f o r approval to acquire
100 percent of the voting shares of the successor by merger
t o The American National Bank of Vincennes, Vincennes,
Indiana. 2/
S t . Louis
American Bancshares of Arkansas, I n c . , Charleston, Arkansas
f o r approval to acquire at least 80 percent of the voting
shares of American State Bank, Charleston, Arkansas. 2]
St. Louis
The Bancshares, I n c . , Scottsburg, Indiana, f o r approval to
acquire 100 percent of the voting shares (less d i r e c t o r s '
q u a l i f y i n g shares) of The Scott County State Bank, the successor
by merger t o Scottsburg Bank, Scottsburg, Indiana. 2/
St. Louis
F i r s t Selmer Bancshares, I n c . , Selmer, Tennessee, f o r approval
to acquire 100 percent of the voting shares of F i r s t National
Bank of Selmer, Selmer, Tennessee. 2/
St. Louis
Mt. Vernon Bancorp., I n c . , Mt. Vernon, I l l i n o i s , f o r approval
t o acquire at l e a s t 80 percent of the voting shares of
F i r s t Bank and Trust Company, Mt. Vernon, I l l i n o i s . 2/
S t . Louis
Pioneer Bancshares, I n c . , Canmer, Kentucky, f o r approval t o
acquire at least 95.9 percent of the voting shares of
Canmer Deposit Bank, Canmer, Kentucky. 2/
Minneapolis
American Bancorporation Holding Company, Brainerd, Minnesota,
f o r approval to acquire 100 percent of the voting shares of
American National Bank of Brainerd, Brainerd, Minnesota. 2/
Minneapolis
Consolidated Holding Company, Oldham, South Dakota, f o r approval t o acquire at least 80 percent of the voting shares
of American State Bank, Oldham, South Dakota. 2/
2J A p p l i c a t i o n subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted
as t o the length of the comment p e r i o d .
17 -
H.2, 1982 No. 11
APPLICATIONS RECEIVED-Continued
Minneapolis
New London Agnecy, I n c . , New London, Minnesota, f o r approval t o
acquire at least 81.4 percent of the voting shares of the
F i r s t State Bank of New London, New London, Minnesota, 2/
Kansas C i t y
DeKalb County Bancshares, I n c . , Clarksdale, Missouri, f o r
approval t o acquire at least 80 percent of the voting shares of
The Clarksdale Bank of Clarksdale, Clarksdale, Missouri. 2/
Kansas C i t y
Murdock Bancshares, I n c . , Murdock, Kansas, f o r approval to
acquire at least 91.3 percent of the voting shares of
Murdock State Bank, Murdock, Kansas. 2 j
Kansas C i t y
Rocky Financial Corporation, Rocky, Oklahoma, f o r approval t o
acquire 100 percent of the voting shares of The State Bank of
Rocky, Rocky, Oklahoma. 2/
Kansas C i t y
Sarcoxie Bancorp, I n c . , Sarcoxie, M i s s o u r i , f o r approval to
acquire at least 84 percent of the voting shares of The
F i r s t National Bank of Sarcoxie, Sarcoxice, Missouri. 2/
Kansas City
Union Bank Corporation, Wichita, Kansas, f o r approval t o
acquire at least 50.01 percent of the voting shares of
Union National Bank of Wichita, Wichita, Kansas. 2/
Dal las
Columbia Bancshares, I n c . , West Columbia, Texas, f o r approval
t o acquire 100 percent of the voting shares of F i r s t Capitol
Bank, West Columbia, Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956
New York
C i t i c o r p , New York, New York, f o r approval to acquire 100
percent of the v o t i n g shares (less d i r e c t o r s ' q u a l i f y i n g
shares) of Citibank (Delaware), Wilmington, Delaware, a
proposed new bank. 2/
Chicago
F i r s t American Bank Corporation, Kalamazoo, Michigan, f o r
approval to acquire 100 percent of the voting shares of
the successor by merger to Huron County Bank, Harbor Beach,
Michigan. 2/
S t . Louis
Boatmen's Bancshares, I n c . , St. Louis, Mi ssouri , f o r approval
t o acquire at least 80 percent of the voting shares of Farmers
and Merchants Bank of Cape Girardeau, Cape Girardeau, Missouri. 2/
2]
A p p l i c a t i o n subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may he contacted
as to the length of the comment period.
i
H.2,
No. 11
- 18 APPLICATIONS RECEIVED-Continued
St. Louis
Centerre Bancorporation, St. Louis, Mi ssouri , f o r approval t o
acquire 100 percent of the voting shares of Centerre Bank of
South County, National A s s o c i a t i o n , St. Louis County, Missouri,
a proposed new bank. 2 /
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
3 ( a ) ( 5 ) of the Bank Holding Company Act of 1956
Dallas
Mercantile Texas Corporation, D a l l a s , Texas, f o r approval t o
acquire 100 percent of the voting shares of State National
Financial Corporation, Corsicana, Texas, and i n d i r e c t l y
acquire 100 percent of State National Bank of Corsicana,
Corsicana, Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
Boston
Hospital Trust Corporation, Providence, Rhode I s l a n d , n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s (the o r i g i n a t i o n and
sale of r e s i d e n t i a l and commercial mortgages, and a c t i n g as
agent f o r the sale of c r e d i t l i f e and c r e d i t accident and
health insurance d i r e c t l y r e l a t e d to an extension of c r e d i t )
at One Hospital Trust Plaza, Providence, Rhode I s l a n d , and 10
Forbes Road, B r a i n t r e e , Massachusetts, serving Rhode I s l a n d ,
Massachusetts, Connecticut, New Hampshire, Vermont, Maine,
New York and New Jersey: the insurance a c t i v i t i e s would be
conducted from the Providence o f f i c e , serving Rhode Island
only (3/8/K2)
New York
The Chase Manhattan Corporation, New York, New York, requests
permission to e s t a b l i s h a de novo o f f i c e engaging i n the
f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own
account or for the account of o t h e r s , loans and other extensions
of c r e d i t such as would be made by a commercial finance,
equipment finance or f a c t o r i n g company, i n c l u d i n g f a c t o r i n g
//
App 11cati o n s Y u h j e t i T T o Community Reinvestment A c t . The Community
A f f a i r s o f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted
as to the length of thu conment period.
I
H * / , j y/-/ \ ( i . i 1
- 19 \S .\t.CEIVED-Conrinued
,;i . .
' -!iv
- ' ^ ' n q advances and over-advances on
re
i i ^ v ^ t o r y and business i n s t a l l m e n t lending
o* '"' -- /' u n r i e r r i a ) loans; s e r v i c i n g loans and
r-th.-f r. r i cr.-*pt: leasing personal property on
a
'
r , , s and T,! accordancewith the Board's
R v g u ! i r
acting as agent, broker or advisor in
> a s w ; - n r - f . - e r t v , i n c l u d i n g the leasing of motor vehicles)
at i l . ' l :
^ v , Sinte 208, Oklahoma C i t y , Oklahoma, through
?' \ s./bs:-.::
Commercial Corporation (3/11/82)
New York
Th«' S ' ! / * " * :r ^ n r n n r ^ t i o n , New York, New York, requests
pc-r-- — i " :•* v < • ( /
de nov^ o f f i c e engaging in the
v
[ n c l ' n g or a c q u i r i n g , f o r i t s own
vr ' o r :'«r u.count of o t h e r s , loans and other extensions of c r e d i t such as would be made by a commercial
t indfK f-, - -, i i i v-n* finance or f a c t o r i n g company, including
» r ( n r ; r e r ^ i v a b l e , making advances and overnv,»:v,:
and inventory and business installment
iemnn.T ^
i \ unsecured commercial loans; s e r v i c i n g loans
.
of c r e d i t ; leasing personal property
T)* is and in accordance w i t h the Board's
% *r
as agent, broker or advisor in
\
<' \
including the leasing of motor vehicles)
j ' 17
Minneapolis, Minnesota, through i t s
<-wrsMiur\%
' ^ r c i a l Corporation. (3/11/82)
New Yjrk
*%
" r,,;,rpt-iQn, New York, New York, requests
: .-r , ^ .r * f - * isn a
novo o f f i c e engaging in the
* ' "*• . *?
f a k i n g or a c q u i r i n g , for i t s own
,
- 'r
I"of o t h e r s , loans and other
,
^ ,' -suih as would be made by a commercial
,
.r ' . n j n e e or f a c t o r i n g company, i n c l u d i n g
r
r i vahle, making advances and overv,
'
and inventory and business installment
.r^'-rured commercial loans; s e r v i c i n g loans
,ir,:
r r.\Tn^" x r . ,
c r e d i t ; leasing personal property on
f d in accordance with the Board's
^
as agent, broker or advisor in
:-j
. ' - : ' ' ; x ' r r y , including tl*e leasing of motor vehicles)
/ i ' .
301 North Elm S t r e e t , Suite 222,
\
) :\;rf l i n a , through i t s s u b s i d i a r y , Chase
/
)n ' 3/11/^2)
\ew York
"r :
, \ „
\ ) r k , f o r approval to engage, through
i:s u = x
" : \ i ' , ' r p F i n a n c i a l , I n c . , Towson, Maryland
r , V,.'-" , ' - r;u,")er layaway plan known as the Purchase
x. ? , " r . e : t i u n w i t h CFTs p r o p r i e t a r y c r e d i t card,
kf.uw aj %:noiCP%
H.2, 1982 No. 11
-20APPLICATIONS RECEIVED-Continued
New York
C i t i c o r p , New York, New York, requests permission to (1) relocate
an e x i s t i n g o f f i c e of i t s s u b s i d i a r y , C i t i c o r p Homeowners, Inc.
(Delaware) ( " C H I " ) , from 7535 L i t t l e River Turnpike, Suite 320
Annandale, V i r g i n i a t o 8133 Lessburg Pike, Vienna, V i r g i n i a and
(2) t o expand the a c t i v i t i e s and service area of an e x i s t i n g
o f f i c e of C i t i c o r p Person-to-Person Financial Center, Inc.
(Delaware) ("CPFC"), a t 8133 Leesburg Pike, Vienna, V i r g i n i a t o
include the f o l l o w i n g a c t i v i t i e s (the making or a c q u i r i n g of
loans and other extensions of c r e d i t , secured or unsecured, f o r
consumer and other purposes; the making, a c q u i r i n g and s e r v i c i n g ,
f o r i t s own account and f o r the account of o t h e r s , of extensions
of c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or nonr e s i d e n t i a l real e s t a t e ; the extension of loans to dealers f o r
the f i n a n c i n g or inventory ( f l o o r planning) and working c a p i t a l
purposes; the purchasing and s e r v i c i n g f o r i t s own account of
sales finance c o n t r a c t s ; the sale of c r e d i t r e l a t e d l i f e and
accident and health or decreasing or level ( i n the case of
s i n g l e payment loans) term l i f e insurance by licensed agents
or brokers, as r e q u i r e d ; the sale of mortgage l i f e and mortgage
d i s a b i l i t y insurance d i r e c t l y r e l a t e d t o extensions of mortgage
loans; the sale of consumer oriented f i n a n c i a l managment courses;
and the s e r v i c i n g , f o r any person, of loans and other extensions
of c r e d i t ; CPFM w i l l also continue to engage in the sale of
c r e d i t r e l a t e d s i n g l e i n t e r e s t insurance, the proposed service
area of CHI and CPFC at the l o c a t i o n above w i l l include the
e n t i r e States of Maryland, V i r g i n i a , and the D i s t r i c t of Columbia
f o r a l l the aforementioned a c t i v i t i e s , except that the sale of
c r e d i t r e l a t e d s i n g l e i n t e r e s t insurance i s not included i n the
n o t i f i c a t i o n ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and health insurance
may be w r i t t e n by Family Guardian L i f e Insurance Company, an
a f f i l i a t e of CPFC and CHI) (3/2/82)
New York
C i t i c o r p , New York, New York, requests permission t o expand the
service area of an e x i s t i n g o f f i c e ( r e i n s u r i n g c r e d i t l i f e
and c r e d i t accident and health insurance which i s r e l a t e d to
extensions of c r e d i t by C i t i c o r p s u b s i d i a r i e s located outside
the United States) these a c t i v i t i e s would be conducted in
connection w i t h extensions of c r e d i t by C i t i c o r p s u b s i d i a r i e s
operating in the f o l l o w i n g c o u n t r i e s : Belguim, France, Germany,
I t a l y , and The United Kingdom, through i t s s u b s i d i a r y , Family
Guardian L i f e Insurance Company (3/9/82)
New York
C i t i c o r p , New York, New York, requests permission t o expand the
a c t i v i t i e s of an e x i s t i n g o f f i c e (the making of loans to
i n d i v i d u a l s and businesses to finance the purchase of mobile
homes, modular u n i t s or r e l a t e d manufactured housing, together
w i t h the real property to which such housing is or w i l l be
permanently a f f i x e d , such property being used as s e c u r i t y f o r
the loans) at 6740 East Camel back Road, Suite 100, Scottsdale,
Arizona, through i t s s u b s i d i a r y , C i t i c o r p Acceptance Company,
I n c . (3/12/82)
H.2, 1982 No. 11
-21APPLICATIONS RECEIVED-Continued
New York
C i t i c o r p , New York, New York, requests permission to expand the
a c t i v i t i e s of an e x i s t i n g o f f i c e (the making of loans to i n d i v i d u a l s and businesses t o finance the purchase of mobile
homes, modular u n i t s or r e l a t e d manufactured housing, t o gether w i t h the real property to which such housing is or
w i l l be permanently a f f i x e d , such property being used as
s e c u r i t y f o r the loans) at 4956 Brambleton Avenue, S.W.,
Roanoke, V i r g i n i a , through i t s s u b s i d i a r y , C i t i c o r p Acceptance
Company, Inc. (3/12/82)
New York
C i t i c o r p , New York, New York, requests permission t o expand
the a c t i v i t i e s of an e x i s t i n g o f f i c e (the making of loans to
i n d i v i d u a l s and businesses t o finance the purchase of mobile
homes, modular u n i t s or r e l a t e d manufactured housing, t o gether w i t h the real property t o which such housing i s or
w i l l be permanently a f f i x e d , such property being used as
s e c u r i t y f o r the loans) at 10801 Lomas Boulevard, N.E.,
Suite 107, Albuquerque, New Mexico, through i t s s u b s i d i a r y ,
C i t i c o r p Acceptance Company, Inc. (3/12/82)
New York
C i t i c o r p , New York, New York, requests permission to expand the
a c t i v i t i e s of an e x i s t i n g o f f i c e (the making of loans to
i n d i v i d u a l s and businesses t o finance the purchase of mobile
homes, modular u n i t s or r e l a t e d manufactured housing, together
w i t h the real property t o which such housing is or w i l l be
permanently a f f i x e d , such property being used as s e c u r i t y for
the loans) at 666 Mason Ridge Center D r i v e , St. Louis, Missouri,
through i t s s u b s i d i a r y , C i t i c o r p Acceptance Company, Inc. (3/12/82)
New York
C i t i c o r p , New York, New York, requsts permission to expand the
a c t i v i t i e s of an e x i s t i n g o f f i c e (the making of loans to
i n d i v i d u a l s and businesess t o finance the purchase of mobile
homes, modular u n i t s or r e l a t e d manufactured housing, together
w i t h the real property t o which such housing is or w i l l be
permanently a f f i x e d , such property being used as s e c u r i t y f o r
the loans) at 5801 41st S t r e e t , Tulsa, Oklahoma, through i t s
s u b s i d i a r y , C i t i c o r p Acceptance Company, Inc. (3/12/82)
New York
C i t i c o r p , New York, New York, requests permission t o e s t a b l i s h a
de novo o f f i c e engaging in the f o l l o w i n g a c t i v i t i e s (the making
or a c q u i r i n g of loans and other extensions of c r e d i t , secured
or unsecured, f o r consumer and other purposes; the extension
of loans t o dealers f o r the f i n a n c i n g of inventory ( f l o o r
planning) and working c a p i t a l purposes; the purchasing and
s e r v i c i n g f o r i t s own account of sales finance c o n t r a c t s ; the
sale of c r e d i t r e l a t e d l i f e and accident and health or decreasing
or l e v e l ( i n the case of s i n g l e payment loans) term l i f e insurance
by licensed agents or brokers, as required; the making of loans to
i n d i v i d u a l s and businesses to finance the purchase of mobile homes,
modular u n i t s , or r e l a t e d manufactured housing, together with the real
H.2, 1982 No. 11
-22APPLICATIONS RECEIVED-Continued
property to which such housing i s or w i l l be permanently
a f f i x e d , such property being used as s e c u r i t y f o r the
loans; and the s e r v i c i n g , f o r any person, of loans and other
extensions of c r e d i t ; c r e d i t r e l a t e d l i f e , accident and
health insurance may be w r i t t e n by Family Guardian L i f e
Insurance Company, an a f f i l i a t e of C i t i c o r p Acceptance
Company, I n c . ) at Prospect Road Professional B u i l d i n g , 875
Clare Lane, York, Pennsylvania, through i t s s u b s i d i a r y ,
C i t i c o r p Acceptance Company, Inc. (3/12/82)
Richmond
The Wachovia Corporation, Winston-Salem, North C a r o l i n a ,
n o t i f i c a t i o n of i n t e n t t o relocate de novo a c t i v i t i e s (providing
mortgage banking s e r v i c e s , i n c l u d i n g the o r i g i n a t i o n and
processing of r e s i d e n t i a l , c o n s t r u c t i o n , development, and
income property mortgage loans, the purchase and sale or
placement of mortgage loans, the a d m i n i s t r a t i o n and s e r v i c i n g
of mortgage loans, the management and sale of properties acquired
through f o r c l o s u r e or t r a n s f e r s in l i e u of f o r c l o s u r e , and
a c t i n g as agent f o r c r e d i t l i f e and c r e d i t accident and health
insurance and f o r property and casualty insurance related t o
extensions of c r e d i t ) from 615 Wesley Drive, Charleston, South
Carolina t o the Corporate Square O f f i c e Complex at the i n t e r section of Mall Drive and LaCross Road, North Charleston,
South C a r o l i n a , through i t s s u b s i d i a r y , Wachovia Mortgage
Company (3/8/82)
Atlanta
Barnett Banks of F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a , f o r approval
t o acquire the voting shares of F i r s t State Mortgage Company,
Altamonte Springs, F l o r i d a , through A p p l i c a n t ' s s u b s i d i a r y ,
Barnett Mortgage Company, J a c k s o n v i l l e , F l o r i d a .
Atlanta
Southeast Banking Corporation, Miami, F l o r i d a , f o r approval to
merge Church i l l Mortgage Company, Miami, F l o r i d a i n t o Southeast
Mortgage Company, Miami, F l o r i d a .
Minneapolis
New London Agency, I n c . , New London, Minnesota, f o r approval t o
continue to s e l l general insurance i n a community w i t h a
population of less than 5,000.
Kansas C i t y
Farmers and Merchants Bancshares, I n c . , Crescent, Oklahoma,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s
(the leasing of personal property and s e r v i c i n g such leases)
at 116 Grand, Crescent, Oklahoma, serving Logan, Kingfisher
and Canadian counties and surrounding r u r a l areas (3/8/82)
Dal las
Bank S e c u r i t i e s , I n c . , Albuquerque, New Mexico, n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s (processing of demand
deposit accounts, savings, c e r t i f i c a t e s of d e p o s i t , commercial,
i n s t a l l m e n t loans, and mortgage loans, and general ledger) at
2305 Renard, SE, Albuquerque, New Mexico, serving the State of
New Mexico (3/9/82)
H.2, 1982 No. 11
-23APPLICATIONS RECEIVED-Continued
San
*rancisco
American Republic Bancorp, Torrance, C a l i f o r n i a , n o t i f i c a t i o n of
i n t e n t t o engage i n de novo a c t i v i t i e s ( a c t i n g as agent, broker
or adviser in leasing motor v e h i c l e s , i n accordance w i t h the
Board's Regulation V) in Gardena, C a l i f o r n i a , serving the
State of C a l i f o r n i a , through i t s s u b s i d i a r y , Republic Leasing
Company (3/9/82)
San
Francisco
BankAnerica Corporation, San Francisco, C a l i f o r n i a , f o r approval
to acquire 100 percent of the v o t i n g shares of Charles Schwab
Corporation, San Francisco, C a l i f o r n i a .
San
Francisco
S e a f i r s t Corporation, S e a t t l e , Washington, n o t i f i c a t i o n of i n t e n t
to engage in de novo a c t i v i t i e s (making or acquiring loans and
other extensions of c r e d i t i n c l u d i n g commercial loans secured
by a borrower's i n v e n t o r y , accounts r e c e i v a b l e , c a p i t a l equipment
or other assets; leasing personal property) at 18125 Andover
Park West, Tukwila, Washington, serving the States of Washington,
Oregon, Idaho, Montana, Alaska and C a l i f o r n i a , through i t s whollyowned s u b s i d i a r y , S e a f i r s t Dealer Banking Corporation (3/11/82)
San
Francisco
U.S. Bancorp, Port land, Oregon, n o t i f i c a t i o n of i n t e n t t o engage
in de novo a c t i v i t i e s (real estate appraisal a c t i v i t i e s , i n cluding appraisals of commercial and r e s i d e n t i a l real estate f o r
i t s customers and outside c l i e n t s in conformance w i t h the
provisions of Section 225.4(a)(14) of Regulation Y) in Oregon
and Washington, the geographic area t o be served would be the
States of Oregon and Washington, through i t s s u b s i d i a r y , U.S.
Credilcorp (3/12/82)
REPORTS RECEIVED
Current Report F i l e d Pursuant to Section 13 of the
S e c u r i t i e s Exchange Act
The Chardon Savings Bank Company, Chardon, Ohio
PETITIONS FOR RULEMAKING
@FedFRASER