The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1983 No. 11}
Actions of t h e Board; Applications and Reports
Received During t h e Week Ending March 19, 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Statement by Vice Chai rman Martin before t h e Subcommittee on Consumer A f f a i r s of t h e Senate Banking
Committee t o discuss consumer i n t e r e s t r a t e s .
The Board announced t h a t i t will continue without
change c u r r e n t charges t o depository i n s t i t u t i o n s
f o r w i r e t r a n s f e r of funds and net s e t t l e m e n t
services.
Regulation D amendment, modifying reserve requirements
on nonpersonal time d e p o s i t s , e f f e c t i v e March 31,
1983. (Docket No. R-0461 )
S t . Louis
Clark Financial Corporation, J e f f e r s o n v i l 1 e , Indiana,
extension of time until May 19, 1983, within which
to become a bank holding company through the a c q u i s i t i o n
of t h e successor by merger to the Clark County S t a t e
Bank, J e f f e r s o n v i l l e , Indiana. 1 /
At!anta
Community Bank of South F l o r i d a , I n c . , Homestead,
F l o r i d a , extension of time u n t i l June 27, 1983, within
which to become a bank holding company through
a c q u i s i t i o n of Community Bank of Homestead, Homestead,
Florida. J /
San
Francisco
Financial Group, Newport Beach, C a l i f o r n i a , extension
of time t o April 30, 1983, within which to become
a bank holding company through a c q u i s i t i o n of P a c i f i c
National Bank, Newport Beach, C a l i f o r n i a . V
Atlanta
F.M.B. Corporation, Monti e e l l o , F l o r i d a , extension of
time u n t i l May 16, 1983, within which to become a bank
holding company through t h e a c q u i s i t i o n of Farmers &
Merchants Bank, Monticello, F l o r i d a . 1/
TJ
Application processed on behalf of t h e Board of Governors under
delegated a u t h o r i t y .
H,2, 1983 No. 11
- 2 ACTIONS OF THE BOARD - Continued
New York
Herkimer T r u s t c o r p o r a t i o n , I n c . , L i t t l e F a l l s , New York,
extension of time t o June 14, 1983, within which t o
become a bank holding company through the a c q u i s i t i o n
of Herkimer County Trust Company, L i t t l e F a l l s , New
York. V
Chicago
Hinsdale Bancshares, I n c . , Hinsdale, I l l i n o i s , extension
of time t o June 14, 1983, within which to become a
bank holding company through the a c q u i s i t i o n of 100
percent of t h e voting shares of t h e successor by
merger t o Bank of Hinsdale, Hinsdale, I l l i n o i s . 1/
Dal las
Merkel Bancshares, I n c . , Merkel, Texas, extension of
time t o May 27, 1983, within which to consummate t h e
a c q u i s i t i o n of M.B.S. Leasing, I n c . , Merkel, Texas. J /
S t . Louis
Morgantown Deposit Bancorp., Inc..Morgantown, Kentucky,
extension of time u n t i l June 28, 1983, within which
t o become a bank holding company through the a c q u i s i t i o n
of t h e successor by merger t o Morgantown Deposit Bank,
Morgantown, Kentucky. 1/
San
Franci sco
Pajaro Valley Bancorporation, Watsonville, C a l i f o r n i a ,
extension of time to June 15, 1983, within which to
become a bank holding company through a c q u i s i t i o n of
P a j a r o Valley Bank, N.A., Watsonville, C a l i f o r n i a . 1/
Dallas
Texas Commerce Bancshares, I n c . , Houston, Texas, extension
of time to June 20, 1983, within which to consummate
and open f o r business Texas Commerce-Champions Park,
N.A., Houston, Texas. J_/
Dal las
Texas Commerce Bancshares, I n c . , Houston, Texas, extension
of time to June 13, 1983, within which to consummate and open
for business Texas Commerce Bank-Greens Crossing, N.A.,
Houston, Texas. _]_/
Atlanta
TMB Bankshares I n c . , West Palm Beach, F l o r i d a , extension
of time u n t i l June 30, 1983, within which to become a
bank holding company through a c q u i s i t i o n of The Mall
Bank, West Palm Beach, F l o r i d a . ]_/
Atlanta
Vista Banks, I n c . , Del eon Springs, F l o r i d a , extension of
time u n t i l June 20, 1983, within which to become a
bank holding company through the a c q u i s i t i o n of Deleon
Springs Bank, Deleon Springs, F l o r i d a . 1/
J7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 11
- 3 ACTIONS OF THE BOARD - Continued
Dal las
Wilson Bancshares, I n c . , Wilson, Texas, extension of time
to April 6, 1983, within which to consummate the
a c q u i s i t i o n of Wilson S t a t e Bank, Wilson, Texas. ]_/
Richmond
Bank of Shawsville, Shawsville, V i r g i n i a , requesting
permission t o i n v e s t in bank premises. J /
San
Francisco
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 time within which to e s t a b l i s h branches: ( I ) t o March 31, 1984, in t h e v i c i n i t y
of t h e i n t e r s e c t i o n of CI ovis and Shaw Avenues, Clovis;
and (2) t o March 21, 1984, in t h e v i c i n i t y of t h e
i n t e r s e c t i o n of Malibu Road and Webb Way, Community
of Malibu, C a l i f o r n i a . V
Dal las
Odessa I n d u s t r i a l Bank, Odessa, Texas, a proposed new
bank, r e q u e s t i n g permission to invest in bank premises. V
Bank of Clarke County, B e r r y v i l l e , - V i r g i n i a , t o i n v e s t
in bank premises ( D i r e c t o r , Division of Banking Superv i s i o n and Regulation)
Atlanta
St. Bernard Bank & Trust Company, Arabi, Louisiana, t o
i n v e s t in bank premises. J J
Atlanta
Bank of Clearwater, Clearwater, F l o r i d a , proposal t o
merge with Clearwater Beach Bank, Clearwater, F l o r i d a ;
report t r a n s m i t t e d to t h e Federal Deposit Insurance
Corporation on competitive f a c t o r s . ]_/
Dallas
Cibolo S t a t e Bank, Guadelupe, Texas, proposal to merge
with New Cibolo S t a t e Bank, Guadalupe, Texas; report
t r a n s m i t t e d to t h e Federal Deposit Insurance Corporation
on competitive f a c t o r s . V
Atlanta
C i t i z e n s Bank, Ball Ground, Georgia, proposal t o merge
with F i r s t C i t i z e n s Interim of Cherokee C6unty, I n c . ,
Ball Ground, Georgia; report t r a n s m i t t e d to t h e Federal
Deposit Insurance Corporation on competitive f a c t o r s . V/
Richmond
Commonwealth Bank, B e l l a i r e , Texas, proposal to merge
with New Commonwealth Bank, B e l l a i r e , Texas; r e p o r t
t r a n s m i t t e d to t h e Federal Deposit Insurance Corporation
on competitive f a c t o r s . 1/
Tj
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. U
- 4 ACTIONS OF THE BOARD - Continued
Dal l a s
Community Bank, Fort Bend County, Texas, proposal to
merge with New Community Bank, Fort Bend County, Texas;
report transmitted to the Federal Deposit Insurance
Corporation on competitive f a c t o r s . V
Chicago
Marine Bank, National Association, Milwaukee, Wisconsin,
application for prior approval to merge with Cudahy
Marine Bank, Cudahy, Cudahy; South Milwaukee Marine
Bank, South Milwaukee; and Oak Creek Marine National
Bank, Oak Creek, Wisconsin, under the charter and
t i t l e of Marine Bank, National Association; report
transmitted to the Comptroller of the Currency on
competitive f a c t o r s . V
Boston
Old Colony Bank of Northern Essex County, N.A., Haverhill,
Massachusetts, proposal to merge with Old Colony Bank
and Trust Company of Essex County, Marblehead, Massac h u s e t t s ; report transmitted to the Comptroller of the
Currency on competitive f a c t o r s . V
San
Franci sco
Philippine Bank of California, San Francisco, California,
proposed merger with Century Bank, Los Angeles, under
the charter of the former and t i t l e of the l a t t e r ;
report transmitted to the Federal Deposit Insurance
Corporation on competitive f a c t o r s . J /
Dal l a s
Security State Bank, Pharr, Texas, proposal to merge
with New Security State Bank, Pharr, Texas; report
transmitted to the Federal Deposit Insurance Corporation
on competitive f a c t o r s . ] /
San
Franci sco
Timber Community Bank, Roseburg, Oregon, proposal to
merge with Timber Community Interim Bank, Roseburg,
Oregon, under the t i t l e and charter of the former;
report transmitted to the Federal Deposit Insurance
Corporation on competitive factors. \ j
Chicago
UNB National Bank of Chicago, Chicago, I l l i n o i s , application for prior approval to merge with Uptown
National Bank of Chicago, Chicago, I l l i n o i s , under
the charter of UNB National Bank of Chicago and
t i t l e of Uptown National Bank of Chicago; report
transmitted to the Comptroller of the Currency on
competitive f a c t o r s . 1/
T7
—
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1983 NO. 11
- 5 ACTIONS OF THE BOARD - Continued
Chicago
TJ
~*
Valley Bank and Trust Company, Mishawaka, Indiana,
a p p l i c a t i o n f o r p r i o r approval to acquire the a s s e t s
of and assume l i a b i l i t y t o pay d e p o s i t s made in
American National Bank and Trust Company of South
Bend, South Bend, Indiana, under the t i t l e of Valley
Bank & Trust Company and will change t h e i r name a f t e r
t h e a c q u i s i t i o n to Valley American Bank and Trust
Company; 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 . 1J
Application processed on behalf of t h e Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 11
- 6 ACTIONS OF THE BOARD - C o n t i n u e d
To E s t a b l i s h a Domestic Branch Pursuant to
Section 9 of t h e Federal Reserve Act
Approved
C i t i z e n s Bank and Trust Company of Baytown, 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
in Baytown, Texas. V
Dallas
New York
Manufacturers Hanover Trust Company, New York, New
York. 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
in t h e Brooklyn Union Gas Company Building at 195
Montague S t r e e t , Brooklyn, New York. J /
*
*
*
*
*
To Become a Member of t h e Federal Reserve System
Pursuant t o Section 9 of t h e Federal Reserve Act
Approved
Odessa I n d u s t r i a l Bank, Odessa, Texas. J_/
Dallas
*
*
*
*
*
Issued I n t e n t Not to Disapprove Change of Control
Pursuant t o Change in Bank Control Act of 1978
Kansas City
Not Disapproved
Crofton S t a t e Company, C r o f t o n , Nebraska. 1/
*
*
*
*
*
Applications and N o t i f i c a t i o n s for 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 t h e Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4(c)(13)
of t h e Bank Holding Company Act of 1956, as amended
New York
TJ
Sixty-Day N o t i f i c a t i o n Period Allowed t o Expire
Marine Midland Overseas Corporation, New York, New York:
no o b j e c t i o n to acquire a 100 percent i n t e r e s t in
Marine Midland ( C . I . ) Limited, J e r s e y , Channel Islands
and f o r Limited t o acquire a 100 percent i n t e r e s t in
MMB Advisory (Jersey) Limited, J e r s e y , Channel Islands
and Intercurrency Fund Limited, J e r s e y , Channel I s l a n d s .
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 N0. 11
- 7 ACTIONS OF THE BOARD - Continued
To Form a Bank Holding Company Pursuant to Section
3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956
Philadelphia
Approved
Penns Woods Bancorp, I n c . , Jersey Shore, Pennsylvania,
f o r approval t o acquire 100 percent of the voting
shares of Jersey Shore S t a t e Bank, Jersey Shore,
Pennsylvania. ]_/
Philadelphia
Sun Bancorp, I n c . , Selinsgrove, Pennsylvania, f o r
approval t o acquire 100 percent of t h e voting shares
of Snyder County Trust Company, Selinsgrove,
Pennsylvania. J /
Philadelphia
Upper Dauphin Bancorp, I n c . , Mil l e r s b u r g , Pennsylvania,
for approval t o acquire TOO percent of t h e voting
shares of Upper Dauphin National Bank, Mil l e r s b u r g ,
Pennsylvania. J /
Cleveland
F i r s t Commonwealth Financial Corporation, Indiana,
Pennsylvania, for approval to acquire 100 percent
of the voting shares of National Bank of the Commonw e a l t h , Indiana, Pennsylvania. J /
Atlanta
Baton Rouge Bancs h a r e s , I n c . , Baton Rouge, Louisiana,
for approval to acquire 100 percent of t h e voting
shares of Baton Rouge Bank & Trust Company, Baton
Rouge, Louisiana. J /
Atlanta
C i t i - B a n c s h a r e s , I n c . , Leesburg, F1orida, f o r approval
t o acquire 100 percent of t h e voting shares of
C i t i z e n s National Bank of Leesburg, Leesburg, F l o r i d a . J /
Atlanta
F i r s t Monco Bancshares, I n c . , Monroeville, Alabama, f o r
approval to acquire 100 percent of t h e voting s h a r e s
of The Monroe County Bank, Monroeville, Alabama. 1/
Minneapolis
Ray Bancorporation, I n c . , Ray, North Dakota, f o r approval
t o acquire a t l e a s t 92.59 percent of t h e voting shares
of C i t i z e n s S t a t e Bank of Ray, Ray, North Dakota. ]_/
Kansas City
Bern Bancshares, I n c . , Bern, Kansas, for approval t o
acquire at l e a s t 80 percent of the voting shares of
The S t a t e Bank of Bern, Bern, Kansas. J /
Kansas City
Craco, I n c . , V i n i t a , Oklahoma, f o r approval to acqui re
at l e a s t 80 percent of t h e voting shares of The F i r s t
National Bank and Trust Company of V i n i t a , V i n i t a ,
Oklahoma. 1/
\J
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 11
ACTIONS OF THE BOARD - Continued
Kansas City
CSB Banco, I n c . , Lincoln, Nebraska, for approval to
acquire at l e a s t 19,500 nonvoting shares of Citizens
State Banco, Lincoln, Nebraska, and in d irectly
Citizens State Bank, Lincoln, Nebraska. J /
Dallas
First Anderson Bancs hares, I n c . , Anderson, Texas, f o r
approval to acquire at least 80 percent of the voting
shares of The First National Bank of Anderson,
Anderson, Texas. J /
Dallas
Mid-South Bancs hares, I n c . , Bossier City, Louisiana,
for approval to acquire at l e a s t 99.2 percent of the
voting shares of Bank of the Mid-South, Bossier
City, Louisiana. 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Atlanta
Approved
First Atlanta Corporation, Atlanta, Georgia, for
approval to acquire 100 percent of the voting
shares of The F i r s t National Bank of Cartersvi1le,
C a r t e r s v i l l e , Georgia. ty
Atlanta
Sun Banks of Florida, I n c . , Orlando, Florida, for
approval to acquire 100 percent of the voting shares
of Avon Citrus Bank, Avon Park, Florida. V
Kansas City
Fremont Bancshares, I n c . , Lincoln, Nebraska and Fremont
State Bancshares, I n c . , Lincoln, Nebraska, for
approval to acquire at l e a s t 74,000 nonvoting shares
of CSB Banco, I n c . , Lincoln, Nebraska, and indirectly
Citizens State Bank, Lincoln, Nebraska.J/
Dallas
Allied Bancshares, I n c . , Houston, Texas, for approval
to acquire 100 percent of the voting shares of Texas
Bank & Trust Company of Houston, Houston, Texas. JJ
Dallas
Texas Commerce Bancshares, I n c . , Houston, Texas, for
approval to acquire 100 percent of the voting shares
of Bank of Pasadena, Pasadena, Texas. 1/
Tj
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1983 No. 11
- 9 ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956
Philadelphia
Approved
A New Corporation Yet to be Named, Reading, Pennsylvania,
f o r approval to c o n s o l i d a t e with American Bancorp,
I n c . , Reading, Pennsylvania and Central Penn National
C o r p . , P h i l a d e l p h i a , Pennsylvania. V
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
Phi 1 adelphi a
S t . Louis
New York
T/
~~
3/
Approved
A New Corporation Yet to be Named, Reading, Pennsylvania,
f o r approval t o acquire Amerisure Life Insurance
Company and CP Credit Corp., P h i l a d e l p h i a , Pennsylvania. 1/
Reactivated
F i r s t Tennessee National Corporation, Memphis, Tennessee,
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 a c q u i r i n g , f o r i t s own account and for t h e
account of o t h e r s , loans and other extensions of
c r e d i t [ i n c l u d i n g l e t t e r s of c r e d i t and accepting
d r a f t s ] , such as would be made, f o r example, by a
mortgage, f i n a n c e , c r e d i t card or f a c t o r i n g company)
t h e a c t i v i t i e s are to be conducted a t A p p l i c a n t ' s
main o f f i c e in Memphis, Tennessee (3/11/83) 3J
Permitted
The Bank of New York Company, I n c . , New York, New
York, r e q u e s t s permission to r e t a i n two o f f i c e s
of i t s s u b s i d i a r y engaging in t h e following
a c t i v i t i e s (making loans secured by f i r s t and
second mortgages on real e s t a t e c o n s i s t i n g of
one-to f o u r - f a m i l y r e s i d e n t i a l p r o p e r t i e s )
a t 221A Chester Avenue, B a k e r s f i e l d , C a l i f o r n i a
and 1660B South Broadway, Santa Maria, C a l i f o r n i a ,
through i t s s u b s i d i a r y , Arcs Mortgage, Inc. (3/12/83) 3/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
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, 1983 No. 11
- 1 0 -
ACTIONS OF THE BOARD - Continued
New York
The Chase Manhattan Corporation, New York, New
York, r e q u e s t s permission t o e s t a b l i s h a
de novo o f f i c e engaging in the following
a c t i v i t i e s (making or a c q u i r i n g , for i t own
account or f o r t h e account of o t h e r s , loans
and other extensions of c r e d i t , both secured
and unsecured i n c l u d i n g , but not limited t o ,
consumer and business l i n e s of c r e d i t , i n s t a l l ment loans f o r p e r s o n a l , household and business
purposes and mortgage loans secured by real
p r o p e r t y ; s e r v i c i n g loans and other extensions
of c r e d i t ; and a c t i n g as insurance agent for
c r e d i t l i f e insurance 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 t o such
lending and s e r v i c i n g a c t i v i t i e s ) a t 1800 West
Loop South, Suite 100, Houston, Texas, through
i t s s u b s i d i a r y , Chase Manhattan Financial
S e r v i c e s , Inc. (3/17/83) 3/
New York
C i t i c o r p , New York, New York, r e q u e s t s permission
t o e s t a b l i s h two de novo o f f i c e s of each of i t s
s u b s i d i a r i e s , Citicorp Homeowners, Inc. (Delaware)
("CHI") and C i t i c o r p Person-to-Person Mortgage
Corporation ("CPTPMC"), engaging in the following
a c t i v i t i e s (making or acquiring of loans and
o t h e r extensions of c r e d i t , secured or unsecured,
for consumer and other purposes, the s a l e of
c r e d i t - r e l a t e d l i f e and accident and h e a l t h or
decreasing or level [in t h e case of s i n g l e payment
l o a n s ] term l i f e insurance by l i c e n s e d agents or
b r o k e r s , as r e q u i r e d ; the s a l e of consumer o r i e n t e d
f i n a n c i a l management courses; t h e 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 ;
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 for t h e account of o t h e r s , of extensions
of c r e d i t to 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 n o n - r e s i d e n t i a l real e s t a t e ; and t h e
s a l e 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 to extensions of mortgage
l o a n s ; 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 h e a l t h
insurance may be w r i t t e n by Family Guardian Life
Insurance Company, an a f f i l i a t e of CHI and CPTPMC)
at 1370 E. Flamingo Road, Las Vegas, Nevada, through
i t s s u b s i d i a r i e s , CHI and CPTPMC (3/13/83) 3/
~3J
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, 1983 N0. 11
-11 ACTIONS OF THE BOARD - Continued
Philadelphia
Philadelphia National Corporation, P h i l a d e l p h i a ,
Pennsylvania, 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 (in the o r i g i n a t i o n of FHA,
VK ancf"conventional r e s i d e n t i a l mortgage loans
and second mortgage loans) a t 14802 North Dale
Mabry Road, Tampa, F l o r i d a , a proposed new o f f i c e
w i l l conduct t h e foregoing a c t i v i t i e s in the S t a t e
of F l o r i d a , through i t s s u b s i d i a r y , Colonial
Mortgage Service Company A s s o c i a t e s , Inc. (3/14/83) 3/
Philadelphia
Philadelphia National Corporation, P h i l a d e l p h i a ,
Pennsylvania, 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 (in the o r i g i n a t i o n of FHA, VA
and conventional r e s i d e n t i a l mortgage loans and
second mortgage loans) at 2170 El Camino Real,
S u i t e 204, Oceanside, C a l i f o r n i a and Southland
Square Professional Building, Suite 607, Hayward,
C a l i f o r n i a , in t h e S t a t e 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 , Colonial A s s o c i a t e s , Inc. (3/14/83) 3/
Philadelphia
P h i l a d e l p h i a National Corporation, P h i l a d e l p h i a , Pennsylv a n i a , 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 (the o r i g i n a t i o n of FHA, VA and convent i o n a l r e s i d e n t i a l mortgage loans and second mortgage
loans) a t 4205 Old Highway 94 South, St. Charles,
Missouri, through i t s s u b s i d i a r y , Colonial Mortgage
Service Company A s s o c i a t e s , Inc. d / b / a CMSA Mortgage
Company, in t h e S t a t e s of Missouri and I l l i n o i s
(3/17/83) 3/
Cleveland
Mellon National Corporation, P i t t s b u r g h , Pennsylvania,
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
(in t h e making, acquiring and s e r v i c i n g of loans and
other exteq^ions of c r e d i t , e i t h e r secured or unsecured, f o r i t s own account or f o r the account of
others i n c l u d i n g , but not limited t o , loans and
o t h e r extensions of c r e d i t secured by mortgages or
deeds of t r u s t on r e a l p r o p e r t y ; l e a s i n g personal
or real property or acting as agent, broker or
advisor in l e a s i n g such property and s e r v i c i n g such
l e a s e s subject to a l l t h e q u a l i f i c a t i o n s s p e c i f i e d
in Section 225.4(a)(6) of Regulation Y; and acting
as agent f o r the s a l e of r e l a t e d c r e d i t l i f e , c r e d i t
accident and health insurance and c r e d i t property
insurance in connection with extensions of c r e d i t
by any of A p p l i c a n t ' s s u b s i d i a r i e s ) at 10485
Magnolia Avenue, S u i t e #4, R i v e r s i d e , C a l i f o r n i a ,
through i t s s u b s i d i a r y , Mellon Financial Services
Corporation (3/14/83) 3/
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, 1983 No. U
- 12 -
ACTIONS OF THE BOARD - Continued
Cleveland
Union National Corporation, Mt. Lebanon, Pennsylvania,
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
(underwriting as reinsurer credit liTe and d i s a b i l i t y
insurance which i s d i r e c t l y related to extensions of
c r e d i t by banking s u b s i d i a r i e s of Applicant) at 670
Washington Road, Mt. Lebanon, Pennsylvania, through
i t s subsidiary, Union National Life Insurance Company
(3/18/83) 3/
Richmond
Dominion Bankshares Corporation, Roanoke, Virginia,
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
(originating r e s i d e n t i a l , commercial, i n d u s t r i a l ,
and construction loans for i t s own account and for
s a l e to others, servicing such loans for others and
engaging in the s a l e of credit l i f e insurance, credit
accident and health insurance, credit d i s a b i l i t y ,
mortgage redemption and mortgage accident and
health insurance in connection with such mortgage
loans; and to engage de novo through i t s subsidiary
Dominion Bankshares Services, I n c . , in acting as insurance agent or broker with respect to credit l i f e
insurance, c r e d i t accident and health insurance,
credit d i s a b i l i t y , mortgage redemption and mortgage accident and health insurance related to or
arising out of credit transactions involving
Dominion Bankshares Mortgage Corporation) at 2810
Parham Road, Richmond, Virginia, through i t s subs i d i a r y , Dominion Bankshares Mortgage Corporation
(3/16/83)3/
Richmond
Union Trust Bancorp, Baltimore, Maryland, 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 (making
installment loans to individuals for personal, family
or household purposes; purchasing s a l e s finance cont r a c t s executed in connection with the sale of personal,
family or household goods or s e r v i c e s ; acting as agent
in the s a l e of insurance protecting collateral held
against extensions of c r e d i t ; and making loans secured
in whole or in part by mortgages or other l i e n s on
real e s t a t e ) at 3905 East Independence Boulevard,
Charlotte, North Carolina, through i t s subsidiary,
Landmark Financial Services, Inc. (3/18/83) 3/
37
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 authority.
H.2, 1983 N0. 11
-13ACTIQNS OF THE BOARD - Continued
St. Louis
F i r s t Tennessee National Corporation, Memphis, Tennessee,
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 a c q u i r i n g , f o r i t s own account and f o r the
account of o t h e r s , loans and other extensions of
c r e d i t [including l e t t e r s of c r e d i t and accepting
d r a f t s ] , such as would be made, f o r example, by a
mortgage, f i n a n c e , c r e d i t card or f a c t o r i n g company)
t h e a c t i v i t i e s are to be conducted a t A p p l i c a n t ' s
main o f f i c e in Memphis, Tennessee (3/11/83) 3/
Kansas City
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 to engage in
de novo a c t i v i t i e s (to expand t h e auto and equipment
Teasing a c t i v i t i e s to include Oklahoma and Grady,
Counties in Oklahoma) a t 116 South Grand, Crescent,
Oklahoma ( 3 / 1 7 / 8 3 ) 2 /
San
Francisco
Central Banking System, I n c . , Pleasant H i l l , 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 to engage in de novo a c t i v i t i e s
(in making or acquiring loans and other extensions of
c r e d i t such as would be made by a commercial f i n a n c i a l
company, including 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 , or other
a s s e t s ; o r i g i n a t i n g and s e l l i n g such loans to o t h e r s ;
s e r v i c i n g such loans f o r o t h e r s ; and making l e a s e s
of personal property in accordance with t h e Board's
Regulation Y) a t 395 Taylor Boulevard, Pleasant H i l l ,
C a l i f o r n i a and 3711 Long Beach Boulevard, Long Beach,
C a l i f o r n i a , serving t h e Western United S t a t e s ,
i n c l u d i n g t h e s t a t e s of Alaska and Hawaii, through
i t s s u b s i d i a r y , Central Banking System Credit Corporation
(3/15/83)3/
San
Francisco
Security P a c i f i c Corporation, Los Angeles, 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 in de novo a c t i v i t i e s
(making, a c q u i r i n g , f o r i t s own account or f o r t h e
account of o t h e r s , or p a r t i c i p a t i n g i n , commercial
loans and other extensions of c r e d i t , and l e a s e s of
personal and r e a l property) a t 297 North Marengo
Avenue, Pasadena, C a l i f o r n i a , serving t h e United
S t a t e s , through i t s s u b s i d i a r y , SPC Security Services
Corp. ( 3 / 1 9 / 8 3 ) 3 /
37
~~
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, 1983 N0. 11
-14ACTIONS OF THE BOARD - Continued
San
Francisco
U. S. Bancorp, P o r t l a n d , 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 (making, a c q u i r i n g ,
and s e r v i c i n g of loans and other extensions of
c r e d i t e i t h e r secured or unsecured for i t s own account or t h e account of o t h e r s , including t h e making
of consumer i n s t a l l m e n t l o a n s , purchasing consumer
i n s t a l l m e n t and real e s t a t e s a l e s f i n a n c e c o n t r a c t s
and evidences of debt and making consumer home equity
loans secured by real e s t a t e , leasing of personal
p r o p e r t y , and a c t i n g as insurance agent with regard
to c r e d i t l i f e and d i s a b i l i t y insurance solely
in connection with extensions of c r e d i t by U. S.
Bancorp Consumer Services, I n c . ) a t t h e Lloyd 700
Building, Suite 1450, 700 Northeast Multnomah, Portl a n d , Oregon, through i t s s u b s i d i a r y , U.S. Bancorp
Consumer S e r v i c e s , Inc. (3/15/83) 3/
*
*
*
*
*
Pursuant to Regulation G and t h e Board's r u l e on
delegation of a u t h o r i t y , t h e Director of t h e
Division of Banking Supervision and Regulation
has approved t h e a p p l i c a t i o n of Buttes Gas & Oil
Company f o r r e l i e f from t h e s p e c i f i e d d e f i c i e n c y
repayment schedule provided in t h e plan-lender
provision of Regulation G, 12 CFR 2 0 7 . 4 ( a ) ( 2 ) ( i i ) .
y
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 .
-15H.2, 1983 No. 11
APPLICATIONS RECEIVED
To E s t a b l i s h a Domestic Branch Pursuant
t o Section 9 of t h e Federal Reserve Act
New York
The Bank of New York, New York, New York. To
e s t a b l i s h two e l e c t r o n i c branches to be located
a t B-Kwik, 1210 Colvin Avenue, B u f f a l o , Erie
County, New York and S.M. F l i c k i n g e r Co., Town
Garden Plaza, 447 William S t r e e t , B u f f a l o , Erie
County, New York. 2/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant t o Section 9 of t h e Federal Reserve Act
Kansas City
Peoples S t a t e Bank of Meeker, Meeker, Colorado. 2J
Kansas City
The F i r s t S t a t e Bank of Pleasanton, Pleasanton,
Kansas,
Kansas City
Twin Lakes Bank, Oklahoma C i t y , Oklahoma. 2/
*
*
*
*
*
To Merge Pursuant to Section 18(c) of the
Federal Deposit Insurance Act
San
Franci sco
Valley Bank and Trust Company, Salt Lake C i t y , Utah,
t o merge with Utah Valley Bank, Orem, Utah. 2/
Richmond
The Bank of West P o i n t , West P o i n t , V i r g i n i a , t o merge
with Fi r s t S e t t l e r s Bank, Hayes, V i r g i n i a . 2/
*
Tj
*
*
*
*
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be contacted
as to t h e length of the comment period.
H.2, 1983 No. 11
-
16
-
APPLICATIONS RECEIVED - Continued
Applications and N o t i f i c a t i o n s for International
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
Bankers Trust Company, New York, New York: prior
n o t i f i c a t i o n of i t s intent to acquire, d i r e c t l y or
i n d i r e c t l y , all the shares of a de novo commercial
bank subsidiary, Bankers Trust (Trance), Paris,
France.
New York
Marine Midland Overseas Corporation, New York, New
York: requests consent to make an additional
investment in i t s j o i n t venture investment, Ward ley
Australia Limited, Sydney, Australia.
San
Franci sco
Crocker National Corporation, San Francisco, California:
prior n o t i f i c a t i o n of i t s intent to make a direct
investment in Crocker Overseas Investment Corporation,
N.V., an offshore financing company in the Netherlands
Antilles.
San
Franci sco
Security P a c i f i c Corporation, Los Angeles, California:
prior n o t i f i c a t i o n of i t s intent to e s t a b l i s h an
export trading company to be located in Los Angeles,
California.
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o Section
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Philadelphia
F i r s t J e s s u p , Corp., J e s s u p , Pennsylvania, for approval
t o a c q u i r e 100 percent of the voting s h a r e s of The
F i r s t National Bank of J e s s u p , Jessup, Pennsylvania 2/
Richmond
Carolina Mountain Holding Company, Highlands, North
C a r o l i n a , f o r approval t o acquire at l e a s t 80 percent
of t h e voting s h a r e s of Carolina Mountain Bank,
Highlands, North Carolina. 2/
77
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be contacted
as t o the length of t h e comment period.
H.2, 1983 No. 11
- 17 APPLICATIONS RECEIVED - Continued
Richmond
Commercial Bancshares, Incorporated, Parkersburg,
West Virginia, for approval to acquire at least
80 percent of the voting shares of the successor
by merger to Commercial Banking and Trust Company,
Parkersburg, West Virginia. 2J
Atlanta
Citizens National Bancshares, I n c . , Hammond, Louisiana,
for approval to acquire 100 percent of the voting
shares of Citizens National Bank, Hammond, Louisiana. 2/
Chicago
F i r s t Marshal 1
for approval
shares ( l e s s
successor by
II l i n o i s . 2/
Chicago
JAW Bancshares Corp., Stanhope, Iowa, for approval to
acquire at l e a s t 86 percent or more of the voting
shares of Farmers State Bank, Stanhope, Iowa. 2/
Chicago
KSAD, Inc., Council B l u f f s , Iowa, for approval to
acquire at l e a s t 80 percent of the voting shares
of First National Bank of Council B l u f f s , Council
B l u f f s , Iowa. 2/
Chicago
Pioneer Bankshares, I n c . , North Branch, Michigan, for
approval to acquire at l e a s t 80 percent of the
voting shares of Pioneer Bank, North Branch, Michigan. 2/
St. Louis
Farmers Investment Corporation, L i t t l e Rock, Arkansas',
for approval to acquire at l e a s t 81.66 percent of the
voting shares of Farmers & Trust Company, CI a r k s v i l i e ,
Arkansas. 2J
St. Louis
Fidelity Bancorp, I n c . , West Memphis, Arkansas, for
approval to acquire at l e a s t 80 percent of the voting
shares of F i d e l i t y National Bank of West Memphis,
West Memphis, Arkansas. 2/
St. Louis
First Commerce Corporation, New Albany, Mississippi,
for approval to acquire 100 percent of the voting
shares of the successor by merger to First National
Bank, New Albany, Mis s is s ip p i. 2/
77
Bancshares, I n c . , Marshall, I l l i n o i s ,
to acquire 100 percent of the voting
d i r e c t o r s ' qualifying shares) of the
merger to First National Bank, Marshall,
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1983 N0. 11
-18APPLICATIONS RECEIVED - Continued
S t . Louis
F i r s t Newport Bancshares, I n c . , Newport, Arkansas,
for approval t o acquire at l e a s t 87.2 percent of
t h e voting s h a r e s of F i r s t S t a t e Bank of Newport,
Newport, Arkansas. 2/
S t . Louis
F i r s t Union Financial Corporation, Monticel l o ,
Arkansas, f o r approval t o acquire a t l e a s t 76.4
percent of t h e voting shares of Union Bank &
Trust Company, Monticel!o, Arkansas. 2/
Minneapoli s
Elmore Bancshares, I n c . , Elmore, Minnesota, f o r approval
to acquire at l e a s t 91 percent of t h e voting shares
of The F i r s t National Bank of Elmore, Elmore,
Minnesota. 2/
Kansas City
B a i l e y v i l l e Bancshares, I n c . , Baileyvil l e , Kansas, f o r
approval t o acquire a t l e a s t 80 percent of t h e
voting s h a r e s of t h e B a i l e y v i l l e S t a t e Bank,
B a i l e y v i l l e , Kansas. 2/
Kansas City
Burns Bancorporation, I n c . , S t . Paul, Minnesota, f o r
approval t o acquire a t l e a s t 96.5 percent of t h e
voting s h a r e s of The Burns National Bank of Durango,
Durango, Colorado. 2/
Kansas City
N.B.C. Bancshares in Pawhuska, I n c . , Pawhuska, Oklahoma,
f o r approval t o acquire at l e a s t 80 percent of t h e
voting s h a r e s of National Bank of Commerce in
Pawhuska, Pawhuska, Oklahoma. 2/
Kansas City
Western Bancshares of Albuquerque, I n c . , Albuquerque,
New Mexico, f o r approval t o acquire at l e a s t 80
percent of t h e voting shares of West Bank, Albuquerque,
New Mexico and C i t i z e n s Bank, Albuquerque, New Mexico. 2/
Kansas City
Western Bancshares of New Mexico, I n c . , A r t e s i a , New
Mexico, f o r approval t o acquire at l e a s t 80 percent
of t h e voting shares of Western Bank, A r t e s i a , New
Mexico, A r t e s i a , New Mexico; and at l e a s t 20 percent
of Western Bank, Albuquerque, New Mexico, and Citizens
Bank, Albuquerque, New Mexico. 2/
Dal l a s
Texas Southwest Bancorp., I n c . , Mesquite, Texas, f o r
approval to acquire 100 percent of t h e voting shares
of Southwest Bank, Mesquite, Texas. 2/
2/
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1983 No. 11
- 19 APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
New York
Correction:
The a p p l i c a t i o n f o r F i r s t Jersey National Corporation,
Jersey C i t y , New York, for approval to acquire a t
l e a s t 20,07 percent of the voting shares of The
Peoples National Bank of Central J e r s e y , Piscataway,
New J e r s e y , which appeared on H.2 No. 9(a) was l i s t e d
under t h e wrong heading. This a p p l i c a t i o n should
have been l i s t e d under the Section 3 ( a ) ( 3 ) heading.
Richmond
Mercantile Bankshares Corporation, Baltimore, Maryland,
f o r approval to acquire 100 percent of t h e voting
shares of County Banking and Trust Company, Elkton,
Maryland. 2/
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 ,
for approval to acquire 100 percent of t h e voting
shares of B a r n e t t Banks of Osceola County, N.A.,
Kissimmee, F l o r i d a , a proposed new bank. 2/
Atlanta
CB&T Bancshares, I n c . , Columbus, Georgia, f o r approval
to acquire 25 percent of t h e voting shares of West
Georgia Financial Corporation, Tallapoosa, Georgia
and i n d i r e c t l y West Georgia Bank of Tallapoosa,
Tallapoosa, Georgia and Carroll County Financial
Corporation, Temple, Georgia and i n d i r e c t l y Bank
of C a r r o l l County, Temple, Georgia. 2/
Chicago
F i r s t Wisconsin Corporation, Milwaukee, Wisconsin,
f o r approval to acquire 100 percent of the voting
shares of the successor by merger to the Bank of
Two Rivers, Two Rivers, Wisconsin. 2/
S t . Louis
F i r s t Missouri Banks, I n c . , Manchester, Missouri,
f o r approval to acquire at l e a s t 50.16 percent
of t h e voting shares of Manufacturers Bancorp, I n c . ,
S t . Louis, Missouri and i n d i r e c t l y a c q u i r e
Manufacturers Bank & Trust Company, S t . Louis,
S t . Louis; F i r s t National Bank of Franklin
C i t y , Union; F i r s t Missouri Bank of S t . Charles
County, Wentzville, Missouri, a l l located in
Missouri. 2/
2/
Application s u b j e c t to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be contacted
as to the length of the comment p e r i o d .
H.2, 1983 No. 11
- 20 APPLICATIONS RECEIVED - Continued
Mi nneapoli s
St. Charles Bancshares, I n c . , St. Charles, Minnesota,
for approval to acquire at least 87.9 percent of
the voting shares of F i r s t National Bank of Stewartv i l l e , S t e w a r t v i l l e , Minnesota. 2/
Kansas City
Energy Banks, Casper, Wyoming, for approval to acquire
100 percent of the voting shares of Security Bank of
Glen rock, Glen rock, Wyoming. 2/
Kansas City
FirstBank Holding Company and FirstBank Holding
Company of Colorado, both of Lakewood, Colorado,
for approval to acquire 100 percent of the voting
shares of F i r s t Bank of Silverthorne, N.A., S i l v e r thorne, Colorado, and FirstBank at Wadsworth/Coal
Mine, N.A., Jefferson County, Colorado, both proposed banks. 2/
Dal l a s
Allied Bancshares, I n c . , Houston, Texas, f o r approval
to acquire 100 percent of the voting shares of
Town & Country Bank, Houston, Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Chicago
Whitmore Company, I n c . , Corning, Iowa, for approval
to merge with Whitmore Bancorporation, Inc.,
Corning, Iowa, and in d irectly acquire 100 percent
of t h e voting shares of Page County State Bank,
Clarinda, Iowa. 2/
* * *
Tj
* *
Application subject to Community Reinvestment Act. The Community
Affairs 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, 1983 N0. 11
-21 APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
Boston
Multibank Financial Corp., Quincy, Massachusetts,
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 (in mortgage banking a c t i v i t i e s i n c l u d i n g ,
but not l i m i t e d t o , 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 or f o r the account of o t h e r s ,
loans and extensions of c r e d i t secured by real
e s t a t e [ i n c l u d i n g f i r s t and second mortgages secured
by o n e - t o - f o u r family r e s i d e n t i a l p r o p e r t i e s and
commercial p r o p e r t i e s ] , and s e l l i n g mortgages in t h e
secondary market) at 1400 Hancock S t r e e t , Quincy,
Massachusetts and from seventy-seven additional
o f f i c e s of t h e holding company's s i x s u b s i d i a r y
banks, serving New England and New York, through
i t s s u b s i d i a r y , Multibank Mortgage Company, Inc.
(3/16/83)
New York
C i t i c o r p , New York, New York, f o r approval t o engage
*
d i r e c t l y or i n d r e c t l y through C i t i c o r p S e r v i c e s ,
I n c . , New York, New York, in the c o l l e c t i o n , proc e s s i n g and s e t t l e m e n t of money orders and payments
instruments having a maxiumum f a c e value of $100,000.
New York
C i t i c o r p , New York, New York, requests permission t o
expand t h e s e r v i c e areas of two e x i s t i n g o f f i c e s
engaging in t h e following a c t i v i t i e s ( t h e making or
acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, for consumer and other purposes';
t h e s a l e 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 [in t h e case of s i n g l e
payment l o a n s ] term l i f e insurance by l i c e n s e d agents
or b r o k e r s , as r e q u i r e d ; t h e s a l e of consumer o r i e n t e d
f i n a n c i a l management courses; t h e 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 ; t h e
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 t h e 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 and t h e s a l e 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 l o a n s ; t h e proposed expanded
s e r v i c e areas of t h e two o f f i c e s f o r t h e previously
approved a c t i v i t i e s s h a l l include t h e e n t i r e S t a t e of
Washington) a t 1521 NE 122nd S t r e e t , P o r t l a n d , Oregon
and Columbia Square O f f i c e Building, 111 SW Columbia,
P o r t l a n d , Oregon, through i t s s u b s i d i a r y , Citicorp
Homeowners Inc. (3/18/83)
I
H.2, 1983 N0. 11
-22APPLICATIQNS RECEIVED - Continued
New York
Key Banks, I n c . , Albany, New York, r e q u e s t s permission
to expand t h e a c t i v i t i e s and s e r v i c e area to include
t h e following a c t i v i t i e s (previously approved
a c t i v i t i e s : s e r v i c i n g of loans and other extensions
of c r e d i t and providing bookkeeping or data proc e s s i n g s e r v i c e s and s t o r i n g and processing banking
f i n a n c i a l or r e l a t e d data f o r n o n a f f i l i a t e d banking
o r g a n i z a t i o n s and o t h e r s ; t h e a c t i v i t i e s will include
performing accounts r e c e i v a b l e or payable or b i l l i n g
s e r v i c e s in connection with t h e debit and/or c r e d i t
card operations of banks, c r e a t i n g and maintaining
a p p r o p r i a t e computer records of bank merchant and
cardholder customers, posting t r a n s a c t i o n s , preparing
and r e c o n c i l i n g s t a t e m e n t s , producing and mailing debit
and/or c r e d i t c a r d s , providing a u t h o r i z a t i o n s e r v i c e
t o merchants, and handling normal customer and
merchant i n q u i r i e s and problems; de novo a c t i v i t i e s :
providing data processing and data transmission
s e r v i c e s f o r the i n t e r n a l operations of the holding
company or i t s s u b s i d i a r i e s and for n o n a f f i l i a t e d
banking o r g a n i z a t i o n s and o t h e r s ; t h e a c t i v i t i e s will
i n c l u d e : providing a p o i n t - o f - s a l e and automated
t e l l e r machine network and communication switching and
settlement s e r v i c e s f o r s u b s i d i a r i e s of a p p l i c a n t ,
and o t h e r banks and t h r i f t i n s t i t u t i o n s ; c r e a t i n g and
maintaining a p p r o p r i a t e computer records of bank
merchant and cardholder customers, posting t r a n s a c t i o n s ,
preparing and r e c o n c i l i n g s t a t e m e n t s , mailing s t a t e m e n t s ,
producing and mailing debit and/or c r e d i t cards, providing
a u t h o r i z a t i o n s e r v i c e t o merchants, and handling normal
customer and merchant i n q u i r i e s and problems) a t 800
North Pearl S t r e e t , Albany, New York, through i t s subs i d i a r y , Key Services Corporation (3/10/83)
Philadelphia
Northeastern Bancorp, I n c . , Scranton, Pennsylvania,
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
(in l e a s i n g personal property or a c t i n g as agent, broker
or advisor in leasing such property) a t Penn Avenue
at Spruce S t r e e t , Scranton, Pennsylvania, through i t s
s u b s i d i a r y , Norbanc Lease, Inc. (3/17/83)
Cleveland
!
Banc One Corporation, Columbus., Ohio, f o r approval t o
acquire Winters National Mortgage Corporation, Winters
National L i f e Insurance Company, Winters National
Leasing Corporation, a l l located in Dayton, Ohio.
H.2, 1983 No. 11
- 23APPLICATIONS RECEIVED - Continued
Cleveland
Mellon National Corporation, P i t t s b u r g h , Pennsylvania,
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
(providing real e s t a t e p o r t f o l i o investment advice
i n c l u d i n g : ( i ) serving as t h e advisory company for
a mortgage or real e s t a t e investment t r u s t ; ( i i ) serving
as investment a d v i s e r , as defined in Section 2(a)(20)
of the Investment Company Act of 1940, t o an investment
company r e g i s t e r e d under t h a t Act; ( i i i ) f u r n i s h i n g
general economic information and advice, general
economic s t a t i s t i c a l f o r e c a s t i n g s e r v i c e s and industry
s t u d i e s and ( i v ) providing f i n a n c i a l advice to S t a t e
and local governments, such as with respect to real
e s t a t e p o r t f o l i o investment advice; Mellon Fi nanci al
Services Corporation #2 will derive business from,
and s o l i c i t business throughout t h e United S tates
and p o s s i b l e c l i e n t s overseas as well) at Renaissance
Center, Tower 600, S u i t e 990, D e t r o i t , Michigan,
through i t s s u b s i d i a r y , Mellon Financial Services
Corporation #2 (3/14/83)
Richmond
Maryland National Corporation, Baltimore, Maryland,
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
(conducting business generally such as would be conducted
by a mortgage banker, mortgage broker and mortgage s e r vicing f i r m ; o r i g i n a t i n g , buying, s e l l i n g and otherwise
dealing in mortgage loans as principal or agent;
s e r v i c i n g mortgage 1oans for a f f i l i a t e d or n o n a f f i l i a t e d
e n t i t i e s ; acting as adviser in mortgage loan t r a n s a c t i o n s ;
and s e l l i n g as agent c r e d i t l i f e , c r e d i t d i s a b i l i t y and
c r e d i t accident and h e a l t h insurance in connection with
extensions of c r e d i t by bank and non-bank s u b s i d i a r i e s
of t h e holding company) a t 8200 Greensboro Drive, Suite
307, McLean, Vi r g i n i a , serving t h e g r e a t e r Washi ngton
metropoli tan area includi ng (but not limi ted t o ) t h e
Northern Vi r g i n i a counties of F a i r f a x , Loudon and Prince
William as well as t h e c i t i e s of Alexandria, Arlington,
Fal Is Church and Vienna/ through i t s s u b s i d i a r y ,
Maryland National Mortgage Corporation (3/18/83)
Richmond
South Carolina National Corporation, Columbia, South
Carolina, noti 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 (in providing consumer finance a c t i v i t i e s
i ncludi ng t h e extension of di rect loans to consumers,
t h e di scount of r e t a i l and i n s t a l I m e n t notes or cont r a c t s , s e r v i c i n g loans and other extensions of c r e d i t
f o r t h e account of o t h e r s , and a c t i ng as agent for
s a l e of l i f e , accident and h e a l t h , and property and
c a s u a l t y insurance d i r e c t l y r e l a t e d to i t s extensions
of c r e d i t ; property and casualty insurance w i l l be
o f f e r e d pursuant to t h e grandfather provision in
H.2, 1983 No. 11
- 24 APPLICATIONS RECEIVED - Continued
section 601 (D) ( i ) of the Garn-St. Germain Depository
I n s t i t u t i o n s Act) at U. S. Highway 52 and 176, Goose
Creek, South Carolina, servicing the town of Goose
Creek and the surrounding area, through i t s subsidiary,
Provident Financial Corporation (3/14/83)
Chicago
Marshall & I l s l e y Corporation, Milwaukee, Wisconsin,
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
( o r i g i n a t i n g , acquiring, s e l l i n g and servicing
residential and commercial mortgage loans, for i t s
own account or for the account of others, as well as
making construction and development mortgage loans and
performing such other incidental a c t i v i t i e s necessary
to conduct mortgage banking a c t i v i t i e s ) at 770 North
Water S t r e e t , Milwaukee, Wisconsin, the geographic
area to be served i s nationwide, through i t s subsidiary,
M&I Mortgage Company (3/10/83)
San
Francisco
Valley Capital Corporation, Las Vegas, Nevada, 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 (in structuring
and making available leveraged and non-leveraged lease
financing products r e l a t i v e t o personal and real property, and acting as agent, broker and/or adviser
t h e r e f o r , in accordance with the Board's Regulation Y)
at the main branch and branch banking o f f i c e s of Valley
Bank of Nevada, serving the e n t i r e State of Nevada,
through i t s subsidiary, Valley Leasing Company, Inc.
(3/18/33)
*
*
*
*
*
REPORTS RECEIVED
None.
*
*
*
*
*
PETITIONS FOR RULEMAKING
None.
@FedFRASER