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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1986 No. 11
Actions of the Board
Applications and reports Received
For the W e e k Ended March 15, 1986
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Statement by Vice Chairman Preston Martin
before the Senate Committee on Banking,
Housing, and Urban Affairs on problems
experienced by banks in our agricultural
communities and on proposals to ease the
strains resulting from these problems, March
11, 1986.
Philadelphia
N ew Tripoli Bancorp, Inc., New Tripoli,>
Pennsylvania — extension of time to July 10,
1986, within which to consummate the
formation of a bank holding company.
1/
Atlanta
First Polk Bankshares, Inc., Cedartown,
Georgia — extension of time to May 26, 1986,
within which to become a bank holding company
through acquisition of First National Bank of
Polk County.
1/
Atlanta
Peoples National of LaFollette Financial
C o r p . , LaFollette, Tennessee — extension of
time to May 16, 1986, within which to acquire
The Peoples National Bank of LaFollette.
1/
Atlanta
First Commercial Financial Corporation,
Bradenton, Florida — extension of time to
May 4, 1986, within which to become a bank
holding company through acquisition of First
Commercial Bank of Manatee County.
1/
Atlanta
Boca Bank, Boca Raton, Florida — extension
of time to June 16, 1986, within which to
merge with Boca Interim Bank.
1/
1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of Governors
u n d e r deleg a t e d authority.
H.2,
1986 No.
11
2
ACTIONS OF TEE BOARD - Continued
Atlanta
National City Bank, Coral Springs, Florida,
proposed merger with National City Interim
Bank — report to the Comptroller of the
Currency on competitive factors.
1/
Atlanta
Cullman Bancshares, Inc., Cullman, Alabama
— extension of time to May 27, 1986, within
which to become a bank holding company by
acquiring Peoples Bank of Cullman County.
1/
Atlanta
Culverhouse, Sr., Hugh F. — extension of
time to June 29, 1986, within which to
acquire additional shares of Florida
Commercial Banks, Inc., Miami, Florida.
1/
Chicago
Oak Brook Bank, Oak Brook, Illinois, proposed
acquisition of assets and assumption of the
liabilities of First National Bank and Trust
Company of Oak Brook (name to be changed to
First Oak Brook Bank) — report to the
Comptroller of the Currency on competitive
factors.
1/
Chicago
First Farmers National Bark of Knoxville,
Knoxville, Illinois, proposed merger with
Bank of Galesburg, Galesburg, Illinois, under
the charter of First Farmers National Bank of
Knoxville and title of First Midwest
Bank/Knoxville County, National Association
— report to the Comptroller of the Currency
on competitive factors.
1/
Chicago
Cloverdale Bank Corporation, Cloverdale,
Indiana — extension of time to June 2, 1986,
within which to become a bank holding company
through the acquisition of 100 percent of the
voting shares of The First National Bank of
Cloverdale.
1/
Chicago
First Illini Bancorp, Inc., Galesburg,
Illinois — extension of time to June 22,
1986, within which to acquire 100 percent of
the voting shares of Madison Park Bank,
Peoria, Illinois.
1/
St. Louis
Dent County Bank, Salem, Missouri, proposed
merger with Bank of Bunker, Bunker, Missouri
— report to the Federal Deposit Insurance
Corporation on competitive factors.
1/
Kansas City
First National Bank - North in Grand
1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of Gov e r n o r s
u n d e r d e l e g a t e d authority.
H.2,
1986 No.
11
3
ACTIONS OF THE BOARD - Continued
Junction, Grand Junction, Colorado, proposed
merger with First National Bank in Grand
Junction, under the charter and title of the
latter — report to the Comptroller of the
Currency on competitive factors.
1/
Kansas City
York State Bank and Trust Company, York,
Nebraska, proposed merger with Gresham State
Bank, Gresham, Nebraska, under the charter
and title of the former — report to the
Federal Deposit Insurance Corporation on
competitive factors. 1/
Dallas
FWNB Bancshares, Inc., Carrollton, Texas —
extension of time to June 22, 1986, within
which to acquire First Western National Bank
of Mesquite, Mesquite, Texas.
1/
Dallas
Benton Capital Corporation, Benton, Louisiana
— extension of time to acquire East River
Bancshares, Inc.
1/ Denied
Dallas
Texas Commerce Bancshares, Inc., Houston,
Texas — extension of time to June 1, 1986,
within which to acquire Texas Commerce
Financial Services, Inc.
1/
Dallas
Marfa Production Credit Association, Marfa,
Texas — deregistration statement.
1/
Dallas
First Hawaiian, Inc., Honolulu, Hawaii —
extension of time to April 1987, within which
to divest certain property.
1/
San Francisco
Valley West Bancorp, Springfield, Oregon —
extension of time to August 31, 1986, within
which to divest shares of a certain property.
1/
San Francisco
Valley National Corporation, Phoenix, Arizona
— extension of time to June 12, 1986, for
Valley National Financial Services Company of
California to commence business.
1/
* * * * *
1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of Governors
u n d e r d e l e g a t e d authority.
H . 2, 1986 No.
11
4
ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Approved
Philadelphia
Laurel Bank, Ebensburg, Pennsylvania — to
establish a Remote Service Facility at
Sheehan's Mini-Market, 926 Second Street,
Cresson, Cambria County, Pennsylvania.
1/
(3/12/86)
* * * * *
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control A ct of 1978
Approved
St. Louis
Dixie Bancshares,
1/
(3/13/86)
Inc., Dukedom, Tennessee.
Kansas City
Commercial Bankstock, Inc., Oklahoma City,
Oklahoma.
1/
(3/14/86)
Kansas City
Val Cor Bancorporation, Inc., Cortes,
Colorado.
If
(3/14/86)
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
Chicago
B.N.S. Bank, Northbrook,
(3/11/86)
Illinois.
1/
Dallas
Bank of Troy, Troy, Texas, a proposed new
bank.
1/
(3/14/86)
Dallas
Bank of Austin, Austin, Texas,
bank.
1/
(3/13/86)
a proposed new
* * * * *
To Merge Pursuant to Section 1 8 (c)
of the Federal Deposit Insurance A c t
Approved
Chicago
1/
Bank of the North Shore, Northbrook,
Illinois
A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of Gov e r n o r s
und e r d e l e g a t e d authority.
H .2 ,
1986 N o.
11
5
ACTIONS OF THE BOARD - Continued
— to merge with B.N.S. Bank, Northbrook,
Illinois.' 1/
(3/11/86)
* * * * *
Applications and Notifications for International Investments
and Other Actions Pursuant to Sections 25 and 25(a) of the
Federal Reserve Act and Sections 4(c)(9), 4 ( c ) (13), and 4(c)
(14) of the Bank Holding Company Act of 1956, as amended
Approved
San Francisco
Bank of America National Trust and Savings
Association, San Francisco, California -grants consent to make an additional
investment, directly or indirectly, in BA
Australia Limited ("BAAUL"), Sydney,
Australia.
(3/12/86)
San Francisco
Bank of America NT&SA, San Francisco,
California — grants consent to increase its
investment in Banco Colombo Americano,
Bogota, Colombia. (3/12/86)
San Francisco
Security Pacific Corporation, Los Angeles,
California — grants consent to increase its
ownership interest in Hoare Govett Limited,
London, England.
(3/13/86)
* * * * *
Forty-Five Day Notification Period Allowed to Expire
San Francisco
Security Pacific Corporation, Los Angeles,
California — no objection to make an
indirect investment in Security Pacific Bank
(France) S.N.C., Paris, France.
(3/13/86)
* * * * *
To F o r m a Bank Holding Company Pursuant to Section
3 ( a ) (1) of the Bank Holding Company Act of 1956
Returned
Atlanta
North Georgia Bancshares, Inc., Canton,
Georgia —
for approval to acquire 100
percent of the voting shares of North Georgia
Savings & Loan Association, Inc., Canton,
Georgia.
(3/12/86)
Chicago
Ossian Financial Services,
1/
Inc., Ossian,
A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of Governors
u n d e r delecrated authority.
H.2, 1986 No. 11
6
ACTIONS OF THE BOARD - Continued
Indiana —
for approval to acquire 100
percent of the voting shares of Ossian State
Bank, Ossian, Indiana.
(3/11/86)
Dallas
Fredoria Bancshares, Inc., Nacogdoches, Texas
—
for approval to acquire 100 percent of the
voting shares of Fredonia State Bank,
Nacogdoches, Texas.
(3/19/86)
Dallas
Northwest Crossing Bancshares, Inc., Houston,
Texas —
for approval to acquire 100 percent
of the voting shares of Northwest Crossing
National Bank, Houston, Texas.
(3/19/86)
Approved
Philadelphia
Fleetwood Bank Corporation, Fleetwood,
Pennsylvania —
for approval to acquire 100
percent of the voting shares of The First
National Bank in Fleetwood, Fleetwood,
Pennsylvania.
1/
(3/12/86)
Richmond
First Union Corporation, Charlotte, North
Carolina — for approval to acquire 100
percent of the voting shares of Citizens
DeKalb Bank, Clarkston, Georgia.
1/
(2/14/86)
Atlanta
NKB, Inc., North Miami Beach, Florida —
for
approval to acquire 100 percent of the voting
shares of Skylake Bancshares, Inc., North
Miami Beach, Florida and i n d i r e c t l y The
Skylake State Bank, North Miami Beach,
Florida.
(3/12/86)
Chicago
First United Bancorp, Franklin, Indiana —
for approval to acquire 100 percent of the
voting shares of Franklin Bank and Trust
Company, Franklin, Indiana.
1/
(3/11/86)
Chicago
North Shore Bancorp, Inc., Northbrook,
Illinois —
for approval to acquire 100
percent of the voting shares (less directors'
qualifying shares) of the successor by merger
to the Bank of the North Shore, Northbrook,
Illinois.
1/
(3/11/86)
St. Louis
Baker Financial Corporation, Pocahoutas,
Arkansas —
for approval to acquire at least
80 percent of the voting shares of Planters
1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s
un d e r d e l e g a t e d authority.
H.2, 1986 No. 11
7
ACTIONS OF THE BOARD - Continued
and Stockmen Bank, Pocahontas, Arkansas.
(3/14/86)
San Francisco
1/
Overseas Finance Holdings Proprietary
Limited, Melbourne, Australia; Ormside
Proprietary Limited, Melbourne, Australia;
Aylworth Proprietary Limited, Melbourne,
Australia; Costa Mesa Limited, London,
England; Costa Mesa Holdings N . V . , Curacao,
Netherlands Antilles; Citizens Financial
Holdings B . V . , Amsterdam, Netherlands; and
Citizens Holdings, Brea, California —
for
approval to acquire at least 80 percent of
the voting shares of Citizens Bank of Costa
Mesa, Costa Mesa, California.
(3/12/86)
Denied
Dallas
Texstar Financial Corporation, Inc., Azle,
Texas —
for approval to acquire 99.9 percent
of the voting shares of First National Bank
of Azle, Azle, Texas.
(3/12/86)
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) (3) of the Bank Holding Company Act of 1956
Approved
Atlanta
CB&T Rancshares, Inc., Columbus, Georgia —
for approval to acquire 100 percent of the
voting shares of Bank of Coweta, Newnan,
Georgia.
1/
(3/14/86)
St. Louis
First Kentucky National Corporation,
Louisville, Kentucky —
for approval to
acquire 100 percent of the voting shares of
Central Bancorp, Inc., and indirectly Central
Bank and Trust Company, both in Owensboro,
Kentucky.
1/
(3/14/86)
Dallas
Ruston Bancshares, Inc., Ruston, Louisiana —
for approval to acquire 100 percent of the
voting shares of Morehouse Bancshares, Inc.,
Bastrop, Louisiana and indirectly The Bank of
Morehouse, Bastrop, Louisiana.
1/
(3/14/86)*
* * * * *
1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o vernors
u n d e r d e l e g a t e d authority.
H.2, 1986 No. 11
8
ACTIONS OF THE BOAHD - Continued
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) (5) of the Bank Holding Company A ct o f 1956
Approved
Atlanta
Florida National Banks of Florida, Inc.,
Jacksonville, Florida —
for approval to
merge with Citrus Banking Corporation, Tampa,
Florida, and indirectly acquire Citrus Park
Bank, Tampa, Florida.
1/
(3/14/86)
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4 ( c ) (8) of the Bank Holding Company A ct of 1956
Returned
Philadelphia
Independence Bancorp, Inc., Perkasie,
Pennsylvania —
for approval to acquire
Independence Abstract, Inc., Rockledge,
Pennsylvania and thereby engage de novo in
the sale of title insurance.
(3/17/86)
Atlanta
North Georgia Bancshares, Inc., Canton,
Georgia -- for approval to engage in general
insurance activities in a place with a
population not exceeding 5,000 persons
through the acquisition of N.G.B.S.
Investments, Inc., Canton, Georgia.
(3/12/86)
Chicago
Unibancorp, Inc., Chicago, Illinois — to
engage de novo (discount securities brokerage
activities including certain securities
credit and incidental activities) through its
wholly-owned subsidiary, Unibanc Brokerage
Services, Inc., Chicago, Illinois.
(3/12/86)
Dallas
Haleco Bancshares, Inc., Plainview, Texas —
for approval to acquire 100 percent of the
voting shares of First Mortgage Services &
Invest Inc., Plainview, Texas.
(3/14/86)
Approved
New York
1/
The Bank of New York Company, Inc., New York,
New York —
for approval to acguire 50.1
percent of RMJ Securities Corp., N ew York,
New York and thereby engage in acting as
A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s
u n d e r d e l e g a t e d authority.
H.2,
1986 No.
11
9
ACTIONS OF THE BOARD - Continued
broker to primary dealers for U.S. government
securities and agency obligations.
(3/10/86)
Chicago
First United Bancorp, Franklin, Indiana — to
acquire Franklin Financial Corporation and at
least 50 percent of Franklin Mortgage
Corporation, both in Indianapolis, Indiana.
1/
(3/11/86)
St. Louis
Area Bancshares Corporation, Hopkinsville,
Kentucky — to engage in data processing
activities through a joint venture and
through the acquisition of a goincr concern.
1/
(2/6/86)
St. Louis
Mid-America Bancorp, Louisville, Kentucky —
to engage de novo in data processing
activities through a joint venture and
through the acquisition of a going concern.
1/
(2 / 6 / 86 )
Permitted
New York
Bankers Trust N ew York C o r p . , New York, New
York — to engage de novo (engaging in the
activities of a trust company of a fiduciary,
agency, or custodial nature) through BT Trust
Company of California, N.A.
These activities
will be conducted from offices in Los
Angeles, California.
3/
(3/12/86)
Chicago
Franklin Capital Corporation, Wilmette,
Illinois — to engage de novo (making,
acquiring, and/or servicing loans for itself
or for others of the type made by a
commercial finance company) through Franklin
Capital Corporation, Morton Grove, Illinois.
3/' (3/13/86)
Dallas
LBT Corporation, Shreveport, Louisiana -- to
engage de novo (discount securities brokerage
activities including certain securities
credit and incidental activities) through the
acquisition of LBT Brokerage Services, Inc.,
Shreveport, Louisiana.
3/
(3/14/86)
* * * * *
1/
3/
Application processed on behalf of the Board of Governors
under delegated authority.
Notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H . 2, 1986 No.
11
10
ACTIONS OF THE BOARD - C o n tin u e d
R e d e m p tio n o f S h a r e s
Kansas City
1/
Commercial Bankstock, Inc., Oklahoma City,
Oklahoma.
1/
(3/14/86)
A p p lic a tio n p ro c e s s e d on b e h a lf o f th e B o ard o f G o v e rn o rs
u n d e r d e le g a te d a u th o r ity .
H.2,
1986 No.
11
11
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
Section 9 of the Federal Reserve Act
Received
New York
Manufacturers Hanover Trust Company, New
York, New York — to establish a branch in
the Battery Park City's World Financial
Center Complex, Ne w York, Ne w York. 2/
New York
Manufacturers Hanover Trust Company, New
York, New York — to acquire certain branches
of Dollar Dry Dock Savings Bank, White
Plains, New York. 2/
New York
Manufacturers Hanover Trust Company, New
York, New York — to establish an offsite
electronic facility at 515 East 72nd Street,
New York, New York. 2/
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
R e c e iv e d
Chicago
Independent Bankers' Bank of Illinois,
Springfield, Illinois. 2/
San Francisco
First Security Financial,
Utah. 2/
Salt Lake City,
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 3(a)(1) of the Bank Holding Company Act of 1956
R e c e iv e d
Cleveland
Huntington Bancshares Indiana, Inc.,
Columbus, Ohio —
for approval to acquire
Central Bancorp, Inc., Plainfield, Indiana,
and indirectly acquire First National Bank of
Danville, Danville, Indiana. 2/
Cleveland
Mount Sterling National Holding Company,
Mount Sterling, Kentucky —
for approval to
acquire 100 percent of the voting shares of
The Mount Sterling National Bank, Mount
Sterling, Kentucky. 2/
2/
A p p l i c a t i o n s u b j e c t t o C o m m u n ity R e i n v e s t m e n t A c t . T h e
C o m m u n ity A f f a i r s O f f i c e r o f t h e a p p l i c a b l e R e s e r v e B a n k
m ay b e c o n ta c te d a s t o th e le n g th o f th e com m ent p e r io d .
H.2,
1986 No.
11
12
APPLICATIONS RECEIVED - Continued
Cleveland
Pandora Bancshares Incorporated, Pandora,
Ohio —
for approval to acquire 100 percent
of the voting shares of The First National
Bank of Pandora, Pandora, Ohio. 2/
Richmond
Liberty Bancshares Inc., Montgomery, West
Virginia —
for approval to acquire 100
percent of the voting shares of The
Montgomery National Bank, Montgomery, West
Virginia. 2/
Atlanta
City Financial Group, Inc., Coral Springs,
Florida —
for approval to acquire National
City Bank, Coral Springs, Florida. 2/
Atlanta
First National Corporation of Sparta, Sparta,
Tennessee —
for approval to acquire 100
percent of the voting shares of First
National Bank of Sparta, Sparta, Tennessee.
2/
Atlanta
United Southeastern Bancshares, Inc., Athens,
Alabama —
for approval to acquire 100
percent of the voting shares of
Athens-Limestone Bank, Athens, Alabama. ?!
Chicago
Bankers' Bancorp of Illinois, Springfield,
Illinois —
for approval to acquire 100
percent of the voting shares of Independent
Bankers' Bank of Illinois, Springfield,
Illinois, a proposed new bank. 2/
Chicago
East Side Bancorporation, Chicago, Illinois
—
for approval to acquire 100 percent of the
voting shares of East Side Bank and Trust
Company, Chicago, Illinois. 2/
Chicago
Pinnacle Financial Services, Inc., St.
Joseph, Michigan —
for approval to acquire
100 percent of the voting shares of The
Peoples State Bank of St. Joseph, St. Joseph,
Michigan. 2/
Chicago
Success Financial G r o up/Indiana, I n c . ,
Wilmington, Delaware —
for approval to
acquire 82.6 percent of the voting shares of
Industrial National Bank of East Chicago,
East Chicago, Indiana.
Chicago
Wenona Bancorp,
2/
Inc., Wenona,
Illinois —
for
A p p l i c a t i o n s u b j e c t t o C o m m u n i ty R e i n v e s t m e n t A c t . T h e
C o m m u n i ty A f f a i r s O f f i c e r o f t h e a p p l i c a b l e R e s e r v e B a n k
m ay b e c o n ta c te d a s t o th e le n g th o f th e co m m en t p e r i o d .
H.2,
1986 No.
11
13
APPLICATIONS RECEIVED - Continued
approval to acquire 100 percent of the voting
shares of Wenona State Bank, Wenona,
Illinois. 2/
St. Louis
DBT Financial Corporation, DeWitt, Arkansas
—
for approval to acquire at least 80
percent of the voting shares of DeWitt Bank &
Trust Company, DeWitt, Arkansas. 2/
St. Louis
Medina Bancshares, Inc., Medina, Tennessee —
for approval to acquire 94.30 percent of the
voting shares of Medina Banking Company,
Medina, Tennessee. 2/
St. Louis
Pioneer Bancshares, Inc. of Horatio,
Arkansas, Horatio, Arkanasa -- for approval
to acquire 94.15 percent of the voting shares
of Horatio State Bank, Horatio, Arkansas. 2/
Minneapolis
Franklin Bancorp, Inc., Minneapolis,
Minnesota —
for approval to acquire 98.75
percent of the voting shares of Franklin
National Bank of Minneapolis, Minnesota. 2/
Minneapolis
Lake Elmo Bancorp, Inc., Lake Elmo, Minnesota
—
for approval to acquire 100 percent of the
voting shares of State Bank of Lake Elmo,
Lake Elmo, Minnesota. 2/
Minneapolis
Mid-Wisconsin Financial Services, Inc.,
Medford, Wisconsin —
for approval to acquire
100 percent of the voting shares of State
Bank of Medford, Medford, Wisconsin. 2/
Minneapolis
Peninsula Financial Corporation, Ishpeming,
Michigan —
for approval to acquire The
Peninsula Bank, Ishpeming, Michigan. 2/
Kansas City
Manhattan Banking Corporation, Manhattan,
Kansas —
for approval to acquire 99.67
percent of the voting shares of Kansas State
Bank, Manhattan, Kansas. 2/
Dallas
North Houston Bancshares, Inc., Houston,
Texas —
for approval to acquire 100 percent
of the voting shares of North Houston Bank,
Houston, Texas. 2/
Dallas
Trinity Bancorp,
2/
Inc., Benbrook, Texas —
for
A p p l i c a t i o n s u b j e c t t o C o m m u n i ty R e i n v e s t m e n t A c t . T h e
C o m m u n ity A f f a i r s O f f i c e r o f t h e a p p l i c a b l e R e s e r v e B a n k
m ay b e c o n ta c te d a s to th e le n g th o f th e com m ent p e r io d .
H.2,
1986 No.
11
14
APPLICATIONS RECEIVED - Continued
approval to acquire 100 percent of the voting
shares of Trinity National Bank, Benbrook,
Texas. 2/
San Francisco
Premier Bancorp, Northridge, California —
for approval to acquire over 50 percent of
the voting shares of Premier Bank,
Northridge, California. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Received
Boston
Shawmut Corporation, Boston, Massachusetts —
for approval to acquire Home Bank & Trust
Company, Meriden, Connecticut. 2/
Cleveland
Huntington Bancshares Inc., Columbus, Ohio —
for approval to acquire Central Bancorp,
Inc., Plainfield, Indiana, and indirectly
accruire First National Bank of Danville,
Danville, Indiana. 2/
St. Louis
Farmers Capital Bank Corporation, Frankfurt,
Kentucky —
for approval to acquire 100
percent of the voting shares of Farmers
Bancshares of Georgetown, Inc., Georgetown,
Kentucky, and indirectly acquire The Farmers
Bank and Trust Company, Georgetown, Kentucky.
2/
St. Louis
Monticello Bankshares, Inc., Monticello,
Kentucky —
for approval to acquire at least
80 percent of the voting shares of Citizens
Bank and Trust Company, Campbellsville,
Kentucky. 2/
St. Louis
Old National Bancorp, Evansville, Indiana —
for approval to acquire 100 percent of the
voting shares of People's Bank & Trust
Company, Mount Vernon, Indiana. 2/
* * * * *
2/
A p p l i c a t i o n s u b j e c t t o C o m m u n ity R e i n v e s t m e n t A c t . T h e
C o m m u n ity A f f a i r s O f f i c e r o f t h e a p p l i c a b l e R e s e r v e B a r i
m ay b e c o n ta c te d a s to th e le n g th o f th e com m ent p e r i o d .
H.2,
1986 No.
11
15
APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to
Section 4( c ) (8) of the Bank Holding Company Act of 1956
Received
New York
United Jersey Banks, Princeton, New Jersey —
to engage de novo (making, acguiring and/or
servicing loans for itself or for others of
the type made hv a mortcage company; a
consumer finance company; and a commercial
finance c o m p a n y ) .
Cleveland
Huntington Bancshares Indiana, Inc.,
Columbus, Ohio —
for approval to acquire
Avon Computer Corporation, Plainfield,
Indiana and thereby engage in the leasing of
personal or real property or acting as agent,
broker, or advisor in leasing such property.
Cleveland
Huntington Bancshares, Inc., Columbus, Ohio
—
for approval to accruire Avon Computer
Corporation, Plainfield, Indiana and thereby
engage in the leasing of personal or real
property or acting as agent, broker or
advisor in leasing such property.
Richmond
Southern National Corporation, Lumberton,
North Carolina -— to acquire Southern
International C o r p . , Charlotte, North
Carolina.
Chicago
Liberty BanCorporation, Durant, Iowa — to
acquire F-P-H Agency, Inc., Durant, Iowa and
thereby engage in general insurance
activities in a town of less than 5,000 and
to engage in community development
act ivi t i e s .
Chicago
Peoples National Bancorp of America,
Lawr e n c e b u r g , Virginia —
for approval to
retain 100 percent of the voting shares of
P.N.B. Insurance A.gency, Inc., Lawrenceburg,
Indiana.
St. Louis
Monticello Bankshares, Inc., Monticello,
Kentucky —
for approval to engage in selling
credit life, disability, or involuntary
unemployment insurance.
Dallas
Texas Commerce Bancshares,
Inc., Houston
Houston,
H.2,
1986 No.
11
16
APPLICATIONS RECEIVED - Continued
Texas —
for approval to acquire 100 percent
of Texas Commerce Mortgage Company, Houston,
Texas.
San Francisco
Central Arizona Bancorp, Chandler, Arizona —
to engage de novo (making, accmiring and/or
servicing loans for itself or for others of
the type made by a mortgage company; a
commercial finance c o m p a n y ) through Central
Arizona Mortgage Corporation, Chandler,
Arizona. (3/10/86)
San Francisco
Security Pacific Corporation, Los Angeles,
California —
for approval to acquire
substantially all the assets of Bankline,
Inc., Phoenix, Arizona, and engage in data
processing and data transmission activities.
@FedFRASER