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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1988, No. 12 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending March 19, 1988 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Economic outlook — statement by Chairman Greenspan before the Joint Economic Committee, March 15, 1988. Published, March 15, 1988. Real Estate Appraisal Reform Act — statement by Mr. Taylor before the Subcommittee on Commerce, Consumer and Monetary Affairs of the House Committee on Government Operations, March 15, 1988. Authorized, March 14, 1988. BANK HOLDING COMPANIES First Interstate Bancorp, Los Angeles, California, and First Interstate Bancorp of Texas — application to acquire Allied Agency, Inc., Houston, Texas, and act as managing general agent for the vendor single interest programs of the subsidiary banks of Allied Bancshares, Inc. Approved, March 15, 1988. REGULATIONS AND POLICIES Membership — procedures and standards for admission to membership in the Federal Reserve System of newly chartered state banks and supervision of newly chartered state member banks. Approved, March 16, 1988. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; TF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Philadelphia First Bank of Philadelphia, Philadelphia, Pennsylvania — to establish a branch at 1760 Market Street. Approved, March 14, 1988. New York Great Eastern Bank, Flushing, New York — to establish a branch at 1618 East Broadway. Approved, March 14, 1988. PAGE 2 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Philadelphia Meridian Bank, Reading, Pennsylvania — to establish an offsite electronic facility at the Shop-Rite of Roosevelt Boulevard, 11000 Roosevelt Boulevard, Philadelphia, Pennsylvania. Approved, March 14, 1988. Chicago Security Bank and Trust Company, Southgate, Michigan — to establish a branch at 14 Mile Road, approximately 300 feet west of Haggerty Road, Novi, Oakland County, Michigan. Approved, March 15, 1988. BANK HOLDING COMPANIES Boston B&T Holding Company, L.P.; Wainwright Capital Company, L.P.; Wainwright Capital Management Company, L.P.; and Wainwright Capital Corp., Boston, Massachusetts — to acquire Wainwright Bank and Trust Company. Withdrawn, March 16, 1988. New York Citicorp, New York, New York — to issue variably denominated payment instruments. Withdrawn, March 14, 1988. Chicago Commercial National Financial Corporation, Ithaca, Michigan — to acquire Commercial National Bank, Alma, Michigan. Approved, March 18, 1988. San Francisco - First Community Bancorp, Lacey, Washington — to engage de novo in providing courier services. Returned, March 16, 1988. Boston Fleet/Norstar Financial Group, Inc., Providence, Rhode Island — to engage de novo in commercial lending through Fleet Mezzanine Capital Inc. Permitted, March 13, 1988. Cleveland Georgetown Bancorp, Inc., Georgetown, Kentucky — acquire Georgetown Bank & Trust Company. Approved, March 17, 1988. to PAGE 3 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES S t . Louis Liberty National Bancorp# Inc.# Louisville# Kentucky — to acquire Bank of Shelbyville# Shelbyville# Kentucky# by means of a merger of BSHCP Corporation and KBT Bancshares# Inc. Approved# March 18# 1988. Kansas City Northern Missouri Bancshares# Inc.# Unionville# Missouri — to acquire Farmers Bank of Unionville. Approved# March 18# 1988. Minneapolis Olmstead Bancorporation# Byron# Minnesota — to engage de novo in providing portfolio investment advice to any person. Permitted# March 18# 1988. Chicago Prairieland Bancorp# Inc.# Bushnell# Illinois — to acquire Prairieland Accounting and Tax Service. Returned# March 16# 1988. Atlanta Public National Bank Corporation# Key Largo# Florida — to acquire The First National Bank of Monroe County• Approved# March 18# 1988. Philadelphia State Bancshares# Inc.# Haverford# Pennsylvania — to acquire Jefferson Bank of New Jersey# Mount Laurel# New Jersey. Approved# March 18# 1988. St. Louis Union Planters Corporation# Memphis# Tennessee# and Union Planters-CBC Acquisition Company — to acquire CBC Bancorp# Inc.# Cookeville# Tennessee. Approved# March 18# 1988. Dallas Willow Bend Bancshares# Inc.# Plano# Texas — to acquire Preston North National Bank# Dallas# Texas. Withdrawn# March 15# 1988. PAGE 4 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Chicago Chemical Bank Bay Area* Bay City* Michigan — to merge with a branch of Chemical Bank and Trust Company* Midland* Michigan* located at 100 East Chippewa Street* Kawkawlin* Michigan. Approved* March 18* 1988. Chicago The Commercial Bank of Champaign* Champaign* Illinois — to merge with Marine American National Bank. Approved* March 18* 1988. BANK PREMISES Bank of Love County* Marietta* Oklahoma — in bank premises. Returned* March 14, 1988. Kansas City investment BANKS, STATE MEMBER Staff Director .Beaver Trust Company* Beaver* Pennsylvania — BS&R transfer agent registration. Withdrawn* March 18* 1988. Dallas First Bank of Plano* Plano* Texas — fiduciary powers. Withdrawn* March 14* 1988. to exercise Staff Director BS&R First City Bank of Corpus Christi, Corpus Christi* Texas — transfer agent registration. Withdrawn* March 18* 1988. CHANGE IN BANK CONTROL San Francisco Charter National Bancorp* Encino* California change in bank control. Permitted* March 18* 1988. Dallas Farmersville Bancshares, Inc.* Plano* Texas in bank control. Returned* March 16* 1988. ! ■ '• ' - •: « change PAGE 5 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas BancCentral Amarillo, Amarillo, Texas, proposed merger with Security National Bank — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, March 16, 1988. San Francisco Bellingham National Bank* Bellingham, Washington proposed merger with Bank of Washington, N.A. — report to the Comptroller of the Currency on competitive factors. Submitted, March 14, 1988. S t . Louis Bethalto Mercantile Bank National Association, Bethalto, Illinois, proposed merger with Alton Mercantile Bank National Association, Alton, Illinois — report to the Comptroller of the Currency on competitive factors. Submitted, March 18, 1988. Dallas Central National Bank of San Angelo, San Angelo, Texas, proposed merger with Central National Bank North and Central National Bank ~ West — report to the Comptroller of the Currency on competitive factors. Submitted, March 14, 1988. Richmond The Empire National Bank of Clarksburg, Clarksburg, West Virginia, proposed merger with First National Bank at Salem, Salem, West Virginia — report to the Comptroller of the Currency on competitive factors. Submitted, March 18, 1988. Atlanta First Alabama Bank, Montgomery, Alabama, proposed merger with First Alabama Bank of Covington County, Andalusia, Alabama — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, March 17, 1988. Atlanta First Fulton Bank ft Trust, Palmetto, Georgia, proposed merger with Barnett Bank, N.A., Marietta, Georgia — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, March 16, 1988. PAGE 6 ACTZONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta First.National Bank of Gatlinburg, Gat1 inburg> Tennessee, proposed merger with Interim National Bank of Gatlinburg — report to the Comptroller of the Currency of competitive factors. Submitted, March 16, 1988. Atlanta First National Bank of Opelika, Opelika, Alabama, proposed merger with Lee County National Bank — report to the Comptroller of the Currency on competitive factors. Submitted, March 16, 1988. Dallas Landmark Bank of Fort Worth, Fort Worth, Texas, proposed merger with Arlington Heights Bank of Fort Worth — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, March 17, 1988. Richmond The National Bank of Commerce of Williamson, Williamson, West Virginia, proposed merger with Commerce Interim National Bank ** report to the Comptroller of the Currency on competitive factors. Submitted, March 14, 1988. Richmond One Valley Bank, National Association, Charleston, West Virginia, proposed purchase of certain assets and assumption of the liabilities of four West Virginia branches of Poughkeepsie Savings Bank, FSB, Poughkeepsie, New York — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, March 17, 1988. Chicago State Central Bank, Keokuk, Iowa, proposed acquisition of assets and assumption of liabilities of Iowa State Bank, Fort Madison, Iowa — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, March 15, 1988. ‘' ‘ft'iSVi 5 H’jS’ir- PAGE 7 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St . Louis Sullivan State Bank# Sullivan# Indiana# proposed consolidation with Peoples State Bank# Farmersburg# Indiana — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted# March 16# 1988. Boston Windsor Bank and Trust Company# Windsor# Connecticut# proposed merger with Hew England Bank and Trust Company# Enfield# Connecticut — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted# March 17# 1988. EXTENSIONS OF TIME Philadelphia Bank of Mid-Jersey# Bordentown, New Jersey — extension to open a branch at Homestead-atMansfield# Columbus# Burlington County# New Jersey. Granted# March 14# 1988. San Francisco BankAaerica Corporation, San Francisco, California — extension to divest certain property. Granted# March 15# 1988. Atlanta Barnett Banks# Inc.# Jacksonville# Florida — extension to June 20# 1988# to engage de novo as a merchant processor for Visa and MasterCard accounts through Barnett Merchants Services Inc. Granted# March 14# 1988. Chicago Cole Taylor Bank/Drovers (formerly Drovers Bank of Chicago)# Chicago# Illinois — extension to September 17# 1988# to establish a branch facility at 47th Street and Ashland Avenue. Granted# March 14# 1988. Richmond Commercial Bank Shares# Inc.# Honea Path# South Carolina — extension to June 30# 1988# to acquire The Commercial Bank. Granted# March 18# 1988. PAGE 8 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco FIH, L.P.» and FIH» Inc. — extension to June 24, 1988* to acquire First Interstate of Hawaii* Inc.* Honolulu* Hawaii. Granted* March 15* 1988. Atlanta Financial Services Bancorp* Inc.* Miami* Florida — extension to June 18* 1988* to acquire Eagle Bank of Broward* N.A.* Fort Lauderdale* Florida. Granted* March 14* 1988. Richmond Home Bancorp* Inc.* Sutton* Nest Virginia ~ extension to June 30* 1988* to acquire The Home National Bank of Sutton. Granted* March 17* 1988. St. Louis M & F Capital Corporation* Macon* Mississippi — extension to April 12* 1988* to acquire Merchants and Farmers Bank. Granted* March 16* 1988. Richmond Sovran Financial Corporation* Norfolk* Virginia — extension to June 20* 1988* to engage in brokering options on U.S. government and agency securities through Sovran Investment Corporation. Granted* March 17* 1988. Richmond Sovran Financial Corporation* Richmond* Virginia — extension to June 23* 1988* to engage de novo in trust company functions through Sovran Investment Corporation. Granted* March 17* 1988. Atlanta Sun Banks* Inc.* Orlando* Florida* and SunTrust Banks* Inc.* Atlanta* Georgia — extension to July 20* 1988* to acquire shares of Peoples Bank of Lakeland* Lakeland* Florida. Granted* March 13* 1988. Atlanta SunTrust Banks* Inc.* Atlanta* Georgia* and Sun Banks* Inc.* Orlando* Florida — extension to July 13* 1988* to acquire shares of Florida West Coast Banks* Inc.* Venice* Florida. Granted* March 16* 1988. PAGE 9 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TINE San Francisco Wells Fargo & Company* San Francisco* California — extension to divest certain property. Granted* March 15* 1988. INTERNATIONAL OPERATIONS Staff Director BS&R National Westminster USA International Bank* New York* New York — to invest in Sociedad Quimicae y Minera de Chile* S.A.* Santiago* Chile. Permitted* March 15* 1988. Chicago The Commercial Bank of Champaign* Champaign* Illinois — to become a member of the Federal Reserve System. Approved* March 18* 1988. MEMBERSHIP RESERVE BANK SERVICES Director* FRBO j Federal Reserve Bank of Minneapolis — fee structure for an electronic clearing zone pilot. Approved* March 16* 1988. ADDITIONS AND CORRECTIONS PAGE 10 ACTIONS TAKEN BY THE BOARD OF GOVERNORS FORMS Criminal Referral Form (FR 2230) — revision. Approved, March 2, 1988. extension with Report of Changes in Foreign Investments (FR 2064) — extension. Approved, March 7, 1988. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Midwest Financial Group, Inc., Peoria, Illinois — to establish a de novo subsidiary, Midwest Financial Mortgage Banking Company. Returned, March 4, 1988. BANKS, FOREIGN New York Banca Commerciale Italiana, Milan, Italy — agreement pursuant to section 8 of the Securities Exchange Act of 1934 concerning extensions of credit to securities brokers and dealers. Approved, January 15, 1988. New York Caisse Nationale de Credit Agricole, Paris, France — agreement pursuant to section 8 of the Securities Exchange Act of 1934 concerning extensions of credit to securities brokers and dealers. Approved, March 9, 1988. New York Kansallis-Osake-Pankki, Helsinki, Finland — agreement pursuant to section 8 of the Securities Exchange Act of 1934 concerning extensions of credit to securities brokers and dealers. Approved, February 5, 1988. ADDITIONS AND CORRECTIONS PAGE 11 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS Cleveland The Commercial Bank of Grayson, Grayson, Kentucky — agreement pursuant to section 8 of the Securities Exchange Act of 1934 concerning extensions of credit to securities brokers and dealers. Approved, December 28, 1987. Cleveland The Preble County Bank of Eaton, Eaton, Ohio — agreement pursuant to section 8 of the Securities Exchange Act of 1934 concerning extensions of credit to securities brokers and dealers. Approved, December 28, 1987. EXTENSIONS OF TIME Chicago County Bank Corp., Lapeer, Michigan — extension to June 9, 1988, to acquire Lapeer County Bank & Trust Co. Granted, March 8, 1988. Chicago Lapeer County Bank & Trust Co., Lapeer, Michigan — extension to June 9, 1988, to merge with Lapeer Interim Bank. Granted, March 8, 1988. INTERNATIONAL OPERATIONS New York American Express Bank International, New York, New York — to establish a domestic branch. Approved, December 23, 1987. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Application NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Application NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE Federal Reserve Bank of New York Comment Period Ending Date gECTIW I Applications Subject to Newspaper _________ Notice Only________ None. SEmSETJI Applications Subject to Both Newspaper and Federal Register Notice) None. SKTKff III Nonbanking Applications (Syifrje<?t to Federal Bgagter.i*7ti<?e Only) None. SBCTMff VI Applications Not Involving _________ f t i h U f i Or—n a n t _________ Morgan Guaranty Trust Ocnpany of New York and Morgan Guaranty International Finance Corporation, both of New York, New York to make additional investments in J.P. Morgan QnbH and J.P. Morgan Holding Deutschland GmbH, both of Frankfurt, Germany. Irving Trust Ocnpany, New York, New York to make an additional investment in International Ocmaercial Bank PLC, London, England. 1/ Subject to provisions of Ocenunity Reinvestment Act. 2/ Later of dates specified in newspaper and Federal Register notices. 3/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Yet Available FEDERAL RESERVE BANKOF PHILADELPHIA SECTION T - APPLICATIONS SOBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Republic B a n k . Philadelphia, PA (in organization) to become a member of the Federal Reserve System pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. 4/11/88 Constitution B a n k . Philadelphia, PA to establish a branch office at 131 North 21st Street, Philadelphia, PA. 4/8/88 Community Bank & Trust C o ., Forest City, PA requests permission to establish a branch to be located at 37 Dundaff Street, Carbondale, PA. 4/10/88 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date First Jermvn Corporation. Jermyn, PA Mr. Peter Sabia who currently ownes more than 10% of the shares of First Jermyn Corporation seeks approval to acquire an additional 3 to 5% of the Corporation's shares pursuant to the Change in Bank Control Act. Newpaper: Federal Register: SECTION III 4/14/88 4/4/88 3/23/88 APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date CoreStates Financial C o r o ., Philadelphia, PA to engage de n o v o , through its existing subsidiary, Signal Financial Corporation, Pittsburgh, PA, in acting as agent for the sale of insurance that is limited to ensuring the repayment of the outstanding balance due on an extension of credit in the event of involuntary unemployment of the debtor, pursuant to Section 4(c)(8) of the Bank Holding Company Act. http://fraser.stlouisfed.org/ Ten Independence Mall, Philadelphia, PA 19106,(215) 574-6000 Federal Reserve Bank of St. Louis 4/15/88 FEDERAL RESERVE BANK OF PHILADELPHIA (Continued) SECTION III APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date CoreStates Financial C o r n ., Philadelphia, PA to expand its geographical service area of its subsidiary, Signal Financial Corp., Pittsburgh, PA, to include Florida and New Jersey with respect to acting as agent for the sale of insurance directly related to an extension of credit by Signal and its finance subsidiaries, that is limited to ensuring repayment of the outstanding balance on such extension of credit in the event of loss or damage to any property used as collateral for the extension of credit. 4/15/88 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None Ten Independence Mall, Philadelphia, PA 19106, (215) 574-6000 Cleveland Reserve Bank Applications For Week Ending March 19, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING Received Section 3(a)(1) application *F - April 16, 1988 fran CamunityBanc, Inc., Crodksville, Ohio, to acquire The Crodksville Bank, Crooksville, Ohio. Received Section 3(a)(1) application fran NC Acquisition Corp., Cleveland, Ohio, to acquire First Kentucky National Corporation, Louisville, Kentucky, and its eight bank subsidiaries located in Kentucky, Indiana, and Virginia. *F - April 17, 1988 Received Section 3(a) (3) application fran National City Corporation, Cleveland, Ohio, to acquire First Kentucky National Corporation, Louisville, Kentucky, and its eight bank subsidiaries located in Kentucky, Indiana, and Virginia. *F - April 17,1988 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c)(8) application frcm National City Corporation, Cleveland, Ohio, to acquire the 15 nonbanking subsidiaries of First Kentucky National Corporation, Louisville, Kentucky. April 17, 1988 Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date MNC Financial, Inc., Baltimore, Maryland, for prior approval to acquire Atlantic Coast Mortgage Company, Fairfax, Virginia. 3-4-88 Central Fidelity Bank, Richmond, Virginia, request for permission to establish an Electronic Funds Transfer Facility in the Dietrick Dining Hall at Virginia Polytechnic Institute and State University, Blacksburg, Virginia. 4-1-88 F & M Bank-Martinsburg, Martinsburg, West Virginia, for membership in the Federal Reserve System. 4-15-88 F & M Bank-Martinsburg, Martinsburg, West Virginia, an organizing bank, for prior approval to merge with Merchants and Farmers Bank, Martinsburg, West Virginia. 4-15-88 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date ENB Financial Corporation, Elkridge, Maryland, for prior approval to become a bank holding company through the acquisition of 100% of the voting shares of Elkridge National Bank, Elkridge, Maryland. 4-14-88 F & M National Corporation, Winchester, Virginia, for prior approval to acquire 100% of the voting shares of the successor by merger to Merchants and Farmers Bank, Martinsburg, West Virginia. 4-15-88 The above applications are subject to the Community Reinvestment Act. Federal Reserve Bank of Richmond Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None ^Expiration of comment period specified in the Federal Register. March 14, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date SouthTrust Corporation 04-01-88 Birmingham, Alabama Newspaper To acquire Latta Bank & Trust Co., Latta, South Carolina. SouthTrust Corporation 04-07-88 Birmingham, Alabama Newspaper To acquire MetluplSX BanCoharss, Inc., Dallas, Texas. First Bancorp, Inc. 04-01-88 Marathon, Florida Newspaper 1-BHC formation, The First National Bank of the Florida Keys, Marathon, Florida. First Sterling Bancshares, Inc. 04-02-88 Winter Haven, Florida Newspaper To acquire First Sterling Bank of Osceola County, Kissimmee, Florida (in organization). Citizens National Bancorp, Inc. 03-30-88 Athens, Tennessee Federal Register 1-BHC formation, Citizens National Bank of Athens, Athens, Tennessee. First American Corporation 04-02-88 Nashville, Tennessee Newspaper To merge with Northern of Tennessee Corp., Clarksville, Tennessee, and acquire its banking subsidiaries. First City Bancorp, Inc. 04-06-88 Murfreesboro, Tennessee Federal Register 1-BHC formation, First City Bank, Murfreesboro, Tennessee. Federal Reserve Bank of Atlanta Applications Bulletin Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Florida National Banks of 04-01-88 Florida, Inc. Federal Register Jacksonville, Florida To acquire Florida National Insurance Services, Inc., Jacksonville, Florida & engage in insurance activities, pursuant to section 225.25(b)(9) of Regulation Y. Application involves an initial joint venture. Chicago Reserve Bank Applications Section I - Applications Sub.iect to Newspaper Notice Only Comment Period Ending Date Type Application EFT Marine American State Bank Bloomington, Illinois 319 North Street, Normal, Illinois N/A EFT Davenport Bank and Trust Company Davenport, Iowa Food-4-Less, 1010 East Kimberly Road, Davenport, Iowa N/A Membership Beverly Bank of Lockport Lockport, Illinois (in organization) To become a member of the Federal Reserve System N/A Merger The Commercial Savings Bank Adrian, Michigan The Jipson-Carter State Bank Blissfield, Michigan N/A Branch The Grant State Bank 4-3-88* Grant, Michigan Northeast C o m e r M-37 and M-82, Garfield & Brooks Township Newaygo, Michigan Merger Old Kent Bank of Kalamazoo Kalamazoo, Michigan Old Kent Bank of Allegan Allegan, Michigan Old Kent Bank of Battle Creek Battle Creek, Michigan Old Kent Bank of Three Rivers Three Rivers, Michigan Old Kent Bank of South Haven South Haven, Michigan 3-18-68* Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice lipe Application Comment Period Ending Date Y-l - Peoples Bancorporation of Northwest Iowa Rock Valley, Iowa Peoples Bank and Trust Rock Valley, Iowa 4-1-88* 4-7-88** Y-2 First of America Bancorporation-Illinois Libertyville, Illinois Sheridan Bank of Peoria Peoria, Illinois 4-1-88* 4-4-88** ChicaRo Reserve Bank Applications Section II - Applications Subject to Both Newspaper and Federal ReRister Notice Continued Comment Period EndinR Date IZES Application Y-2 First of America Bank Corporation Kalamazoo, Michigan Sheridan Bank of Peoria Peoria, Illinois 4-1-88* 4.4-88** Y-l Park Ridge Bancshares, Inc. Stevens Point, Wisconsin Bank of Park Ridge Park Ridge, Wisconsin 3-14-88* Y-l Waymar Bancorporation Spirit Lake, Iowa First Bank and Trust Spirit Lake, Iowa CoC-HC RoS Beecher Bancorp, Inc. N/A Beecher, Illinois Bruce W. Bockelmann & Redeem 644 shares common stock Farmers State Bank of Beecher Beecher, Illinois Y-l 1889 Bankcorp East Lansing, Michigan Pioneer Bank North Branch, Michigan N/A Y-l FS Bancshares, Inc. Markesan, Wisconsin Farmers State Bank Markesan, Wisconsin 3-4-88* CoC-HC N/A Unibancorp, Inc. Chicago, Illinois Brierley Investment Limited; Citizens Craizers Life Assurance; Industrial Equity Limited; Wilbur Enterprises Limited; Industrial Equity; Auckland Pension Unibantrust Company, Chicago, Illinois Unibantrust/Hawthome, Wheaton, Illinois Y -l - Vogel Bancshares, Inc. Orange City, Iowa Sioux County State Bank Orange City, Iowa 4-4-88* N/A Chicago Reserve Bank Applications Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Type Application Y-2 Beverly Bancorporation, Inc. Chicago, Illinois Martinsville State Bank Martinsville, Illinois Tgge Comment Period Ending Date N/A Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application 4c8 Midwest Financial Group, Inc. Peoria, Illinois Midwest Financial Mortgage Banking Company Peoria, Illinois 3-30-88** 4c8 R & J Financial Corporation, Inc. N/A Elma, Iowa Engage in general insurance activities thru Peoples Insurance Agency, Elma, Iowa Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application None ♦Newspaper ♦♦Federal Register N/A - Not available at this time Comment Period Ending Date Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Change in Control notice involving Mathes Bancshares, Inc., Ellington, Missouri, by Elmer H. Austermann, Jr. (Not available) ♦Section 3(a)(1) application by Porter Bancorp, Inc., Pleasureville, Kentucky, to acquire The Central Bank of North Pleasureville, Pleasureville, Kentucky (Not available) ♦Section 3(a)(1), application by S.Y. Bancorp, Inc., Louisville, Kentucky, to acquire Stock Yards Bank & Trust Company, Louisville, Kentucky (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application None. ♦This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______Newspaper Notice Only_______ Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application None. Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date None. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Commerce Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire 100 percent of the voting shares of Commerce Bank Nixa, N.A., Nixa, Missouri, a de novo bank.* Not Available DB Holding Company, Inc., Omaha, Nebraska, for prior approval to become a bank holding company through the acquisition of 91.9 percent of the voting shares of Omaha State Corporation, Omaha, Nebraska, parent of Omaha State Bank, Omaha, Nebraska.* Not Available Charles Travis Henderson, Oklahoma City, Oklahoma, for prior approval to increase his proportionate ownership of Choctaw Bancorp, Inc., Choctaw, Oklahoma, by 81.64 percent to 82.06 percent. Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION OMNIBANCORP, Denver, Colorado, for prior approval to engage <|g novo in providing management consulting services to depository institutions. COMMENT PERIOD ENDING DATE Not Available SECTION IV ~ APPLICATIONS HOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Arkansas Valley Bancshares, Inc., Broken Arrow, Oklahoma, for approval to retain 140 shares of its own stock. ♦Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF 88/03/14 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMUNITY BANK, KATY, TX BRANCH OFFICE TO BE AT 20045 KATY FREEWAY, KATY .TEXAS NOTICE EXP 88/03/18 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE * APPLICATION NOTICE EXP NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY (NOT SUBJECT TO CRA) APPLICATION NONE SECTION IV - NOTICES UNDER THE CHANGE IN BANK CONTROL ACT SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE (NOT SUBJECT TO CRA) * NOTICE NOTICE EXP NONE * EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. PGM: DHCLRMH2 FEDERAL RESERVE BANK OF SAN FRANCISCO 88 -12 Week ending 3/18/88 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Bank of Seoul, Seoul, Korea, to become a bank holding company through the acquisition of 100 percent of the voting shares of Seoul Bank of California (In Organization), Los Angeles, California. Newspaper: Not available Fed. Reo.: 4/08/88 Section III - Applications Subject to Federal Register Notice Only The Sanwa Bank, Limited, Osaka, Japan, to acquire at least 80 percent of Brophy, Gestal, Knight & Co., L.P., New York, New York, a primary security dealer. Fed. Rea.: Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER