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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1989, No. 12 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending March 25, 1989. ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Reform and recovery of the thrift industry — statement by Chairman Greenspan before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the House Committee on Banking, Finance and Urban Affairs. Published, March 22, 1989. BANK HOLDING COMPANIES Midwest Financial Group, Inc., Peoria, Illinois, and PMI Acquisitions Corporation — to acquire Peoples Mid-Illinois Corporation, Bloomington, Illinois, and Peoples Bank. Approved, March 20, 1989. REGULATIONS AND POLICIES Community Reinvestment Act — statement. Published, March 21, 1989. interagency policy RESERVE BANK OPERATIONS Federal Reserve Bank of Minneapolis — construction phase and budget for the Helena Branch building project. Approved, March 20, 1989. H.2 MARCH 19, 1989 PAGE 2 TO MARCH 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch at the intersection of Route 221 and Graves Mill Road, Forest, Virginia. Approved, March 22, 1989. Cleveland Fifth Third Bank, Columbus, Ohio — to establish a branch at 2336 Stringtown Road, Grove City, Ohio. Approved, March 23, 1989. Richmond First Virginia Bank, Falls Church, Virginia — to establish a branch near the intersection of West Dahlgren Road (Route 206) and Route 301, Dahlgren, Virginia. Approved, March 23, 1989. Chicago Garrett State Bank, Garrett, Indiana — to establish a branch at the northeast corner of Mill Lake Road and Coldwater Road, Fort Wayne, Indiana. Approved, March 23, 1989. Richmond Hallmark Bank & Trust Company, Springfield, Virginia — to establish a branch at 7021 Manchester Boulevard, Alexandria, Virginia. Approved, March 24, 1989. BANK HOLDING COMPANIES Richmond Annapolis Bancshares, Inc., Annapolis, Maryland — acquire Bank of Annapolis. Approved, March 23, 1989. to Atlanta CB&T Bancshares, Inc., Columbus, Georgia — to acquire by merger International City Bancorp, Inc., Warner Robins, Georgia, and International City Bank. Approved, March 20, 1989. Chicago Central-State Bancorp, Inc., Frankfort, Michigan — to engage de novo in personal and real property leasing through Central State Leasing, Inc. Returned, March 21, 1989. H.2 MARCH 19, 1989 PAGE 3 TO MARCH 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York Citicorp, New York, New York — to engage de novo in leasing activities through subsidiaries. Withdrawn, March 24, 1989. Richmond Citizens Bancorp, Riverdale, Maryland — Arlington Bank, Arlington, Virginia. Approved, March 21, 1989. Richmond Enterprise Bancorp, Inc., Raleigh, North Carolina — to acquire Enterprise Bank, National Association. Approved, March 22, 1989. Kansas City F.N.B.A. Holding Co., Inc., North Miami, Florida — to acquire First National Bank of Arvada, Arvada, Colorado. Returned, March 24, 1989. Boston First Essex Bancorp, Inc., Lawrence, Massachusetts, and First Essex NH Bancorp, Inc., Windham, New Hampshire — to acquire Fortune Guaranty Savings Bank, Windham, New Hampshire. Approved, March 21, 1989. Chicago First National Bank of Blue Island Employee Stock Ownership Trust, Blue Island, Illinois — to acquire Great Lakes Financial Resources, Inc.; First National Bank of Blue Island; and Illinois and Community Bank of Homewood-Flossmore, Homewood, Illinois. Returned, March 23, 1989. Chicago First State Bancorp, Inc., Harwood Heights, Illinois — to retain PS State Bank (formerly American Heritage Bank of Granite City). Returned, March 22, 1989. Minneapolis FNB Bancshares, Inc., Iron Mountain, Michigan — to acquire The First National Bank of Iron Mountain. Approved, March 23, 1989. San Francisco Golden Gate Bancor, San Francisco, California — acquire Golden Gate Bank. Approved, March 23, 1989. to acquire to H.2 MARCH 19, 1989 PAGE 4 TO MARCH 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Cleveland Hyden Citizens Bancorp, Inc., Hyden, Kentucky — engage de novo in consumer finance activities through Appalachian Finance Company. Permitted, March 19, 1989. to Atlanta Lanier National Bancshares, Inc., Gainesville, Georgia — to acquire Lanier National Bank. Approved, March 20, 1989. Chicago Metrocorp, Inc., East Moline, Illinois — to engage in real estate appraising through Metrocorp Appraisals, Inc. Permitted, March 23, 1989. New York National Westminster Bank, PLC, London, England; NatWest Holdings Inc., Wilmington, Delaware; and National Westminster Bancorp, Inc., New York, New York — to engage de novo in loan activities through NatWest Equity Corporation, New York, New York. Permitted, March 24, 1989. Atlanta PNB Bankshares, Inc., Peachtree City, Georgia — acquire Peachtree National Bank. Approved, March 20, 1989. Kansas City Union Colony Bancorp, Greeley, Colorado — to acquire Northern Bank & Trust, Fort Collins, Colorado. Withdrawn, March 22, 1989. Chicago Western Iowa Consultants, Inc., Council Bluffs, Iowa — to provide date processing services through Information Technology, Inc., Lincoln, Nebraska. Returned, March 24, 1989. to BANK MERGERS Richmond Citizens Bank of Virginia, Arlington, Virginia — merge with Arlington Bank. Approved, March 21, 1989. to H. 2 MARCH 19, 1989 PAGE 5 TO MARCH 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Chicago Macomb County Bank, Richmond, Michigan — to effect a merger and continue operating the Clinton Office Branch of First State Bank of East Detroit, East Detroit, Michigan. Approved, March 23, 1989. BANK PREMISES Richmond Farmers and Miners Bank of Lee County, Pennington Gap, Virginia — investment in bank premises. Approved, March 24, 1989. Chicago First of America Bank-Northern Michigan, Cheboygan, Michigan — investment in bank premises. Approved, March 20, 1989. Chicago Garrett State Bank, Garrett, Indiana — bank premises. Approved, March 23, 1989. Cleveland Ohio Citizens Bank, Toledo, Ohio — bank premises. Approved, March 23, 1989. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — investment in bank premises. Approved, March 20, 1989. investment in investment in CAPITAL STOCK Atlanta First Bank Shares of the Southeast, Inc., Alma, Georgia — redemption of shares. Approved, March 24, 1989. Dallas Lamasa National Corporation, Lamasa, Texas — redemption of shares. Approved, March 20, 1989. Kansas City North Fork Corporation, Paonia, Colorado — redemption of shares. Approved, March 24, 1989. H.2 MARCH 19, 1989 PAGE 6 TO MARCH 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Dallas Alvin Bancshares, Inc., Alvin, Texas — bank control. Permitted, March 23, 1989. San Francisco BKLA Bancorp, Los Angeles, California — bank control. Permitted, March 21, 1989. Dallas Diboll State Bancshares, Inc., Diboll, Texas — change in bank control. Returned, March 22, 1989. Atlanta First Colony Bancshares, Inc., Alpharetta, Georgia — change in bank control. Permitted, March 23, 1989. Minneapolis First Holding Company of Park River, Inc., Park River, North Dakota — change in bank control. Permitted, March 20, 1989. Minneapolis Flathead Lake Bancorporation, Inc., Poison, Montana — change in bank control. Permitted, March 22, 1989. Minneapolis Hebron Bancshares, Inc., Hebron, North Dakota — change in bank control. Permitted, March 21, 1989. Kansas City North Fork Corporation, Paonia, Colorado — bank control. Permitted, March 24, 1989. Dallas Parker County Bancshares, Inc., Weatherford, Texas — change in bank control. Permitted, March 22, 1989. Atlanta Peoples Bancorp, Inc., Manchester, Tennessee — change in bank control. Permitted, March 20, 1989. Chicago Robuck, Inc., South Sioux City, Nebraska — bank control. Permitted, March 24, 1989. change in change in change in change in H. 2 MARCH 19, 1989 PAGE 7 TO MARCH 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia Artisans1 Savings Bank, Wilmington, Delaware, proposed purchase of assets and assumption of liabilities of the Talleyville office of First Federal Savings Bank — report on competitive factors. Submitted, March 21, 1989. Chicago Athens State Bank, Athens, Illinois, proposed merger with ASB Interim Bank — report on competitive factors. Submitted, March 21, 1989. Atlanta Calhoun First National Bank, Calhoun, Georgia, proposed merger with Calhoun First Interim National Bank — report on competitive factors. Submitted, March 22, 1989. St. Louis First National Bank of Kirksville, Kirksville, Missouri, proposed purchase of assets and assumption of liabilities of Commerce Bank of Kirksville, N.A. — report on competitive factors. Submitted, March 23, 1989. San Francisco First Security Bank of Utah, N.A., Ogden, Utah, proposed merger with Davis County Bank, Farmington, Utah — report on competitive factors. Submitted, March 21, 1989. Chicago FMB-Security National Bank, Manistee, Michigan, proposed merger with Security National Bank of Manistee — report on competitive factors. Submitted, March 21, 1989. Dallas North Fort Worth Bank, Fort Worth, Texas, proposed merger with First State Bank, Grand Prairie, Texas — report on competitive factors. Submitted, March 20, 1989. St. Louis OmniBank of Mantee, Mantee, Mississippi, proposed purchase of certain assets and assumption of liability to pay deposits in the seven branches of First United Bank, Bay Springs, Mississippi, located in Jasper and Rankin Counties — report on competitive factors. Submitted, March 21, 1989. H.2 MARCH 19, 1989 PAGE 8 TO MARCH 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland Peoples Commercial Bank, Winchester, Kentucky, proposed acquisition of control — report on competitive factors. Submitted, March 21, 1989. Philadelphia Peoples National Bank of Central Pennsylvania, State College, Pennsylvania, proposed purchase of assets and assumption of liabilities of the Loganton Branch of Northern Central Bank, Williamsport, Pennsylvania — report on competitive factors. Submitted, March 21, 1989. Chicago Peoples State Bank of Chandlerville, Chandlerville, Illinois, proposed merger with PSBC Interim Bank — report on competitive factors. Submitted, March 20, 1989. EXTENSIONS OF TIME Kansas City Affiliated Bankshares of Colorado, Denver, Colorado — extension to June 19, 1989, to engage de novo in selling credit life, disability, or involuntary unemployment insurance. Granted, March 22, 1989. Cleveland Citizens Budget Company, Hermitage, Pennsylvania — extension to divest certain property. Granted, March 22, 1989. St. Louis Cordova Bancshares, Inc., Memphis, Tennessee — extension to April 28, 1989, to acquire Cordova Bank & Trust Co., Cordova, Tennessee. Granted, March 22, 1989. Atlanta First Florida Banks, Inc., Tampa, Florida, and 7L Corporation — extension to June 19, 1989, to engage de novo in providing management consulting services and disposition of nonearning assets for failed savings and loan associations through First Management Group, Inc., and Florida Asset Management Group, Inc. Granted, March 21, 1989. H.2 MARCH 19, 1989 PAGE 9 TO MARCH 24, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain properties. Granted, March 23, 1989. INTERNATIONAL OPERATIONS Staff Director BS&R Citibank Overseas Investment Corporation, New Castle, Delaware — to make an additional investment in Citicorp Card Services Limited, Sydney, Australia, through Citibank Limited. Permitted, March 22, 1989. Staff Director BS&R Citicorp, New York, New York — to acquire Albor Empreendimentos e Participacoes Ltda., Sao Paulo, Brazil. Permitted, March 22, 1989. Staff Director BS&R Riggs International Banking Corporation, Miami, Florida — to make an investment in Valmet S.A., Geneva, Switzerland, and Great Seven Holdings Limited, Gibraltar. Permitted, March 20, 1989. Staff Director BS&R Riggs International Banking Corporation, Miami, Florida — to establish a deposit taking company in Hong Kong, to be known as Riggs Asia Limited. Permitted, March 20, 1989. Richmond Bank of Annapolis, Annapolis, Maryland — member of the Federal Reserve System. Approved, March 23, 1989. Richmond Citizens Bank of Virginia, Arlington, Virginia — become a member of the Federal Reserve System. Approved, March 21, 1989. MEMBERSHIP to become a to FEDERAL RESERVE BANK OF POSTON 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 Application Carment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Bank of Boston Corporation, Boston, Massachusetts 4(c)(8) application to engage de novo in the purchase and sale of gold and silver coins cind bars solely as agent for the account of customers through its existing subsidiaries, BancBoston Brokerage Inc. and Colbanc Securities Ltd. Federal Register Not Yet Established Woburn National Corporation, Woburn, Massachusetts - 4(c)(8) de novc- notification to engage in the business of making commercial loams Federal Register Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period E n d i m Date SECTION I Applications Subject to Newspaper ____________ Notice Only__________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice Gateway Financial Corp., South Norwalk, Connecticut to become a bank holding company with respect to Gateway Bank, South Norwalk, Connecticut.1/ 4/12/89 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Ihe Chase Manhattan Corporation, New York, New York to acquire certain mortgage servicing rights from Bankers Trust Company, New York, New York. N/A Ihe Chase Manhattan Corporation, New York, New York to engage through its subsidiary, Chase Community Development Corp., in community development activities. N/A Citicorp, New York, New York to acquire Citicorp Information Resources, Inc., Stamford, Connecticut and thereby to engage in providing data processing and management consulting services to depository institu tions. N/A Marine Midland Banks, Inc., Buffalo, New York, HSBC Holding B.V., Amsterdam, the Netherlands, Kellett N.V., Curacao, Netherlands Antilles and Ihe Hongkong and Shanghai Banking Corp., Hong Kong to engage through their subsidiary, Carroll McEntee & McGinley Inc., in securi ties brokerage activities. N/A 1/ 2/ 3/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available Federal Reserve Bank of New York Comment Period Ending Date The Royal Bank of Canada, Toronto, Canada to engage through its subsidiary, RBC Dominion Securities Corp., in (1) underwriting and dealing, to a limited extent in debt and equity securities and (2) acting as issuer's agent in the placement of debt and equity securities. N/A SECTION IV Applications Not Involving ______ Public Comment______ Banco Nacional, N.A., Hato Rey, Puerto Rico to became a member of the Federal Reserve System. FEDERAL RESERVE BANKOF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date The Bank of Mid-Jersey, Bordentown Twp., NJ 1/ to establish a branch in Manor’s Shopping Center on Lawrenceville-Pennington and Federal City Roads in Lawrence Twp., Mercer County, New Jersey. 4/13/89 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Applications Bulletin For Week Ending March 25/ 1989 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 Notice of Change in Bank Control on March 15, 1989 submitted by Eric A. Gillett, Attica, Ohio, regarding his acquisition of 12.50 percent of the outstanding voting shares of Sutton Bancshares, Inc., Attica, Ohio. Received Section 3(a)(3) application on March 21, 1989 from Lexington Bancshares, Inc., Lexington Kentucky, to acquire Cardinal Bancshares, Inc., Lexington, Kentucky. Not Yet Known # * N April 14, 1989 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE * # N F - Subject to CRA Expected to end approximately 30 days fran the date of receipt Newspaper Comment Period Federal Register Cortment Period Applications Bulletin For Week Ending March 25, 1989 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * - Subject to CRA # - Expected to end approximately 30 days from the date of receipt N - Newspaper Comment Period F - Federal Register Garment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Virginia Bank-Central, Charlottesville, Virginia, request for permission to establish a branch at 3501 Seminole Trail, Charlottesville, Virginia.* 4-22-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Key Centurion Bancshares, Inc., Charleston, West Virginia, for prior approval to acquire First National Company, Pikeville, Kentucky, and its subsidiary bank, The First National Bank of Pikeville, Pikeville, Kentucky.* 4-20-89 FNC Acquisition Company, Pikeville, Kentucky, for prior approval to become a bank holding company through the acquisition of First National Company, Pikeville, Kentucky, and its subsidiary bank, The First National Bank of Pikeville, Pikeville, Kentucky.* 4-20-89 *Application is subject to CRA. Federal Reserve Bank of Richmond Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date First Union Corporation, Charlotte, North Carolina, to engage de novo in underwriting and dealing in bank-eligible securities; underwriting and dealing in the following bank-ineligible securities: municipal revenue bonds, mortgage-related securities, commercial paper, and consumer-receivable-related securities; the provision of investment advisory services; the provision of securities brokerage services; the provision of foreign exchange advisory and transactional services; acting as a futures commission merchant for customers; the purchase and sale of silver and gold bullion and coins for the account of customers; providing advice regarding loan syndications, interest rate swaps and caps and similar transactions; providing valuations, fairness opinions and advice in connection with merger, acquisition, divestiture and similar transactions; and conducting private placements of securities as agent for issuers through its subsidiary, First Union Securities, Inc., Charlotte, North Carolina. The activities would be conducted nationwide. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None March 27, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Content FirstPanc Holding Company, Inc. Robertsdale, Alabama Change in control by Peter W. Field, Charles V. Weldon, Jr., and W. Edgar Weldon to acquire 25,791 shares (61.73 percent) of its outstanding cannon stock. Citizens National Corporation 04-03-89 Naples, Florida Newspaper 1-BHC formation, Citizens National Bank of Naples, Naples, Florida. Fayette County Bancshares, Inc. 04-15-89 Peachtree City, Georgia Newspaper 1-BHC formation, Fayette County Bank, Peachtree City, Georgia (in organization). The Gwinnett Financial Corporation 04-13-89 Lawrenceville, Georgia Federal Register Change in control by Roderick S. Sturdivant to acquire up to 24 percent of the outstanding shares of cannon stock. Jefferson Bancshares, Inc. Louisville, Georgia 1-BHC formation, Bank of Jefferson County, Louisville, Georgia. Bankers Capital Corporation 04-14-89 Forest, Mississippi Federal Register 1-BHC formation, to acquire 50.01 percent of The Metropolitan Corporation, Biloxi, Mississippi, and indirectly acquire its subsidiary, Metropolitan National Bank, Biloxi, Mississippi. Section III - Applications Subject To Federal Register Notice Only Application Comnent Period Ending Date 04-11-89 Barnett Banks, Inc. Jacksonville, Florida Federal Register Along with Barnett Merchants Services, Inc., Jacksonville, Florida, to engage indirectly in debt collection activities through a proposed new subsidiary, pursuant to section 225.25(b) (23) of Regulation Y. March 27, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section III - Applications Subject To Federal Register Notice Only Application Carment Period Ending Date Barnett Banks, Inc. 04-04-89 Federal Register Jacksonville, Florida To expand the activities of its wholly-owned subsidiary, Barnett Merchant Services, Inc., Jacksonville, Florida, to offer a package of TeleCheck services to subscribing financial institutions known as the "Financial Institutions Package"; and to offer a de ncwo package of new account and credit verification services to subscribing merchants and financial institution customers, known as "Verification Only Program", pursuant to sections 225.25(b) (22) and (b) (24) of Regulation Y. American Eankshares, Inc. Marietta, Georgia To engage de novo in camercial financing and providing loans guaranteed by the Small Business Administration through its subsidiary, American Bank Financing, Inc., Marietta, Georgia, pursuant to section 225.25(b)(1) of Regulation Y. Ccitmunity Financial Corporation 04-07-89 Mableton, Georgia Federal Register To acquire Cobb Mortgage Company through its subsidiary bank, and engage de nemo in mortgage banking activities, pursuant to section 225.25(b) (1) of Regulation Y. First Ccrrmerce Bancorp, Inc. 04-12-89 Caimerce, Georgia Federal Register To organize Ccranaercial First Life Insurance Company, Phoenix, Arizona, and engage de novo in insurance activities related to extensions of credit, pursuant to section 225.25(b)(8) of Pegulation Y . ' Federal Reserve Bank of Chicago Section I - Applications Subject to Newspapg Notice Only Type Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Application Y-2 Fort Wayne National Corporation Fort Wayne, Indiana FN Bancorp Warsaw, Indiana First National Bank of Warsaw Warsaw, Indiana* Y-2 Chemical Financial Corporation Midland, Michigan The Cass City State Bank Cass City, Michigan* Comment Period Ending Date FR - 3-16-89 N - 3-20-89 FR - 4-3-89 - 4-6-89 N Y-2 Chemical Financial Corporation Midland, Michigan Community Financial Corporation Harbor Beach, Michigan Huron County Bank Harbor Beach, Michigan The Peoples State Bank of Caro Caro, Michigan* FR - 4-3-89 N - 4-6-89 Y-l Norton Capital Corporation Morris, Illinois Exchange Bank Gardner, Illinois* FR - 4-5-89 N - 4-1-89 CoC-HC Capitol Bancorp, Ltd. Lansing, Michigan J. Fishman Trustee of P. Luptak; M. Mehr, Trustee of L. Beznos; J. Fishman Trustee of L. Beznos & S. Beznos Y-l First Eagle Bancshares, Inc. Roselle, Illinois First National Bank of Roselle Roselle, Illinois* FR - 3-31-89 - 4-5-89 N FR - ** N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Endina Date Type Application CoC-HC Parker Bank Holding Corporation Indianapolis, Indiana Michael 0* Lunsford FR - ** N - ** Y-2 B J S, Inc• West Union, Iowa Westmont Corporation West Union, Iowa The Farmers Savings Bank West Union, Iowa* FR - ** N - ** Y-2 First Michigan Bank Corporation Holland, Michigan Security National Bank of Manistee Manistee, Michigan* FR - ** N - ** Y-2 Lake Shore Bancorp, Inc* Chicago, Illinois Illinois Center Bancorporation, Inc. Glen Ellyn, Illinois Center Bank - Glen Ellyn Glen Ellyn, Illinois* FR - ** N - ** CoC-HC Oswego Bancshares, Inc* Oswego, Illinois Oswego Community Bank ESOP FR - ** N - ** Y-2 Readlyn Bancshares, Inc. St• Paul, Minnesota Britt Bancshares, Inc. St. Paul, Minnesota First State Bank Britt, Iowa* FR - ** N - ** Section III - Applications Subiect to Federal Reaister Notice Only Type Application 4(c)(8) Central-State Bancorp, Inc. Frankfort, Michigan Central State Leasing, Inc. Frankfort, Michigan— engage in leasing personal and real property Comment Period Endina Date FR - 4-7-89 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Continued Comment Period Ending Date Type Application Y-4 Nevada National Co. Omaha, Nebraska Yanney Hughes Investment Corporation Omaha, Nebraska FR - 4-7-89 Y-4 Caisse Nationale De Credit Agricole Paris, France Financial Advisory Services Bertrand Michel Securities, Inc. New York, New York FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Eastern Wisconsin Bancshares, Inc. Howards Grove, Wisconsin to redeem 1,210 shares from Robert B. and Yvonne A. Furman NP - Newspaper FR - Federal Register * • Subject to Provisions of Community Reinvestment Act ** _ Not available at this time Federal Reserve Bank of St. Louis SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Change in control notification by Trans Financial Bancorp Employee Stock Ownership Plan, Bowling Green, Kentucky, involving Trans Financial Bancorp, Inc., Bowling Green, Kentucky (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER Section 4(c)(8) notification by Chambers Bancshares, Inc., Danville, Arkansas, to engage de novo in lending activities through a 60 percent ownership interest in Arkansas Farm Mortgage Corporation, Dardanelle, Arkansas (Not available) SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Stock redemption notification by Caraway Bancshares, Inc., Caraway, Arkansas FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______Newspaper Notice Only_______ Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Citizens Bancshares, Inc. Bozeman, MT To acquire First Citizens Bank of Bozeman Bozeman, MT* April 12, 1989 (Newspaper) Three Forks Bancorporation Three Forks, MT To acquire Citizens Bancshares, Inc. Bozeman, MT* April 12, 1989 (Newspaper) Heritage Bancshares Corporation Pennock, MN To acquire Monticello Bancshares, Inc. Monticello, MN, which owns Wright County State Bank, Monticello, MN* April 23, 1989 (Newspaper) *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Three Forks Bancorporation Three Forks, MT To engage de novo in acting as guarantor on a loan to a related organization. The activity will be conducted in Montana. Not yet available Kandiyohi Bancshares, Inc., Kandiyohi, MN To engage de novo in making, acquiring or servicing loans. Not yet available Norwest Corporation, Mpls., MN; Norwest Financial Service, Inc., Des Moines, IA, and Norwest Financial, Inc., Des Moines, IA To engage in leasing and commercial finance activities through the acquisition of Corporate Funding, Inc., Grand Rapids, MI. Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Kansas City 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 Dr. F r e n c h H i c k m a n , O k l a h o m a City, O k l a h o m a , for p r i o r approval to i n c r e a s e his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in Nichols Hills B a n c o r p o r a t i o n , Inc., Ok l a h o m a City, O k l a h o m a , by 3.38 p e r c e n t to 13.46 p e r c e n t . Not A v a i l a b l e M e l v i n V i c t o r F e d e r e r , Cheyenne, Wyoming, for p r i o r appro v a l to increase h is p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in Equ a l i t y B a n k s h a r e s , C h e y e n n e , Wyoming, by 1.6 p e r c e n t to 17.8 percent. Not A v a i l a b l e S e c u r i t y E x c h a n g e B ancorp., Inc., Duncan, O k l a h o m a , for prior appro v a l to a c q u i r e an additional 28.96 p e r c e n t of the v o t i n g shares of A m e r i c a n N a t i o n a l Bank of Duncan, D u n c a n , O k l a h o m a . * Not A v a i l a b l e P h i l i p J. L u n s f o r d , St. Simons Island, G e o r g i a , for approval to retain hi s p r o p o r t i o n a t e o w n e r s h i p interest in H e r i t a g e B a n c o r p Co., C l eveland, O k l a h o m a , of 26.87 percent; and T o m R. Lunsford, C l e v e l a n d , O k l a h o m a , for approval r e t a i n his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t of 26.17 rcent. March 22, 1989 First M c K i n l e y C o r p o r a t i o n , Denver, Colorado, for p r i o r approval to b ecome a ba n k h o l d i n g c ompany through the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g shares of First N a t i o n a l B a n k in Evanston, Evanston, W y o m i n g . * March 24, 1989 Federal Reserve Bank of Kansas City MidAmerican Corporation, Shawnee M i s s i o n , K a nsas, for pr i o r ap p r o v a l to a c q u i r e and m e r g e w i t h M e r c h a n t s B a n c o r p o r a t i o n , T o p eka, K ansas, p a r e n t of M e r c h a n t s N a t i o n a l Bank, T o p eka, K a nsas, and T h e F i rst N a t i o n a l Bank of L a w r e n c e , Lawrence, Kansas.* March 24, 1989 R u d o l p h E. Farber, Neosho, M i s s o u r i , for p r i o r a p p r o v a l to i n c r e a s e his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in A n d e r s o n B a n c s h a r e s , Inc., N e o s h o , M i s souri, b y .06 p e r c e n t to 1 . 8 6 perce n t ? and A r n o l d F a r b e r Trust, Neosho, M i s s o u r i , for p r i o r a p p r o v a l to i n c r e a s e its p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t b y .86 p e r c e n t to 23.61 p e rcent. March 24, 1989 Dr. R o b e r t T obin, St. Joseph, M i s s o u r i , for p r i o r a p p r o v a l to i n c r e a s e his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in G a l l e r i a Bank, O v e r l a n d Park, K a n sas, by 16.49 p e r c e n t to 24.09 percent. March 30, 1989 American National Corporation, Omaha, N e b r a s k a , for p r i o r a p p r o v a l to a c q u i r e 99 p e r c e n t of the v o t i n g s h a r e s of A m e r i c a n N a t i o n a l Ba n k of S a r p y County, P a p i l l i o n , N e b raska, a de novo b a n k . * April 3, Er i e B a n k s h a r e s , Inc., Erie, K a n s a s , for prior a p p r o v a l to a c q u i r e and m e r g e w i t h C h e t o p a S t a t e B a n c s h a r e s , Inc., Chetopa, K a n s a s , p a r e n t of C h e t o p a State B a n k & T r u s t Co., C h e t o p a , Kansas; F i r s t N e o d e s h a B a n c s h a r e s , Inc., N e o d e s h a , K a n s a s , p a r e n t of F i r s t N e o d e s h a Bank, N e o d e s h a , Kansas; a n d N e o s h o C o u n t y B a n c s h a r e s , Inc., C h a n u t e , K a nsas, p a r e n t of Bank of C o m m e r c e , Chanute, K a n s a s . * April 10, 1989 1989 Federal Reserve Bank of Kansas City SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING D A T E U n i t e d M i s s o u r i B a n c s h a r e s , Inc., K a n s a s City, M i s s o u r i , for prior a p p r o v a l to e n g a g e de novo in making, a c q u i r i n g , and/or s e r vicing loans for i t s e l f or for others of the ty p e m a d e b y a consumer finance company. Not A v a i l a b l e L o u i s v i l l e C o m p a n y , Louisville, Nebra s k a , for a p p r o v a l to retain 100 p e r c e n t of the v o t i n g shares of Home S t a t e I n s u r a n c e Agency, Inc., L o u i s v i l l e , N e b r a s k a , and thereby i n d i r e c t l y e n g a g e in insurance a g e n c y a c t i v i t i e s in a town of less than 5 , 0 0 0 p e r s o n s . March 30, 1989 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION D o r c h e s t e r S t a t e Company, D o r c h e s t e r , N e b r a s k a , for prior appro v a l to r e d e e m 75,649 shares of their ow n c o m m o n stock. ♦Application is s u b j e c t to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MARCH 20, 1989 SECTION 1 - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Section 3(a)(1) application by Red River Financial Corportion, Detroit, TX to acquire Community National Bank, Detroit, TX 89/04/07 Section 3(a)(1) application by First State Bankshares, Inc., Spearman, TX to acquire First State Bank, Spearman, TX 89/03/29 Section 3(a)(1) application by Greater Southwest Bancshares, Inc. Employees Stock Option Plan & Trust, Irving, TX to acquire Greater Southwest Bancshares, Inc., Irving, TX and Bank of the West, Irving, TX 89/04/14 Change in Control Notice by Equicorp Texas, Inc., Dallas, TX to acquire an interest in Ameritex Bancshares Corporation, Haltom City, TX N/A Change in Control Notice by Emmett D. Paul, Jr., Pittsburg, TX to acquire an interest in Bank of Van Zandt, Canton, TX N/A Change in Control Notice by Joe M. Bennatte, Hempstead, TX; Dave C. Swalm, Houston, TX; John T. Shelton, Houston, TX; David Clarkston Swalm, Jr., Houston, TX; and Ronald W. Wolvier, Houston, TX to acquire an interest in Community Bank, Katy, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) de novo notification by The Plains Corporation, Lubbock, TX to engage in the activity of originating loans for itself or for others of the type made by a mortgage company pursuant to Section 225.25(b)(1) of Regulation Y through a subsidiary known as Plains Financial Corporation, Lubbock, TX N/A SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by Lower Rio Grande Valley Bancshares, Inc., La Feria, TX to redeem 360,827 shares of its common stock * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 3/24/89 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Rio Salado Bank, Tempe, Arizona, to establish a branch at the Sun Terrace Senior Adult Commmunity, 1825 West Emilita Avenue, Mesa, Arizona. * Newspaper: April 11, 1989 Section II - Applications Subject to Both Newspaper and Federal Register Notice George A. Walker, Murietta, California, to increase his ownership from 14.2 to over 25 percent of California City Bancorp, Orange, California. Newspaper: Not yet published John Anderson, Los Angeles, California, to acquire 1st Business Corporation, Los Angeles, California. Newspaper: Not yet published Fed. Reg.: 4/11/89 Allied Bancorp, Mission Viejo, California, to acquire at least 49 percent and up to 50 percent of Mission Valley Bank, San Clemente, California. * Newspaper: 4/17/89 Fed. Rea.: 4/19/89 Fed. Reg.; 3/28/89 Section III - Applications Subject to Federal Register Notice Only Security Pacific Corporation, Los Angeles, California, to acquire Burns Fry Hoare Govett, New York, New York, and engage in certain brokerage, advisory and private placement activities. Fed. Reg,: Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER