The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2
MARCH 21, 1988
TO
H.2, 1988, NO. 13
Actions of the Board, its Staff, and
the Federal Reserve Banks?
Applications and Reports Received
During the Week Ending March 26, 1988
MARCH 25, 1988
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Community Reinvestment Act — statement by Governor
Seger before the Senate Committee on Banking,
Housing, and Urban Affairs, March 23, 1988.
Authorized, March 21, 1988.
BANK HOLDING COMPANIES
Bryn Mawr Bank Corporation, Bryn Mawr, Pennsylvania
— to engage in loan marketing and advisory
services through Havens & Company, Inc., Radnor,
Pennsylvania•
Approved, March 21, 1988.
The Citizens and Southern Corporation, Atlanta,
Georgia; and Citizens and Southern Georgia
Corporation — to acquire factoring assets through
C&S Business Credit, Inc., Tucker, Georgia.
Approved, March 21, 1988.
NCB Corp., Culver, Indiana — petition for review of
the Reserve BankTs approval of an application to
acquire Norcen Bank.
Denied, March 22, 1988.
BANKS, STATE MEMBER
Hinsbrook Bank & Trust Company, Willowbrook, Illinois
— temporary management interlock with Palos Bank
and Trust Company, Clarendon Hills, Illinois.
Approved, March 22, 1988.
Security First Bank, Media, Pennsylvania — temporary
management interlock with First National Bank of
West Chester, West Chester, Pennsylvania.
Approved, March 22, 1988.
BOARD OPERATIONS
National Information Center for Systemwide Structure
and Financial Information — establishment.
Approved, March 22, 1988.
Organization and procedure and delegation of
administrative authority — revised statements.
Approved, March 21, 1988.
H.2
MARCH 21, 1988
PAGE 2
TO
MARCH 25, 1988
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
RESERVE BANK OPERATIONS
Federal Reserve Bank of Minneapolis — conceptual
design and budget for the Helena Branch building.
Approved# March 25# 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; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC
Richmond
Central Fidelity Bank* Richmond, Virginia — to
establish a branch at 4018 West Mercury Boulevard#
Hampton# Virginia.
Approved# March 22# 1988.
Richmond
Central Fidelity Bank# Richmond# Virginia — to
establish a branch at Tightsqueeze Plaza# U.S.
Route 29 and State Route 703# Chatham# Virginia.
Approved# March 25# 1988.
Philadelphia
Commerce Bank# Camp Hill# Pennsylvania — to
establish a branch in the Hampden Center Shopping
Plaza at 2900 Carlisle Pike# Mechanicsburg#
Pennsylvania.
Approved# March 25# 1988.
Chicago
Hinsbrook Bank and Trust# Willowbrook# Illinois — to
establish a branch at 6702 South Route 83# Darien#
Illinois.
Approved# March 23# 1988.
New York
Manufacturers Hanover Trust Company# New York# New
York — to establish a branch at 419 Central
Avenue# southeast corner of Carmen Avenue#
Cedarhurst# Nassau County# New York.
Approved# March 22# 1988.
H.2
MARCH 21, 1988
PAGE 3
TO
MARCH 25, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES, DOMESTIC
Philadelphia
Meridian Bank, Reading, Pennsylvania — to establish
an off-site electronic facility at the Shop-Rite at
Front and Olney, 101 East Olney Avenue,
Philadelphia County, Pennsylvania.
Approved, March 21, 1988.
New York
United Jersey Bank, Hackensack, New Jersey — to
establish a branch and drive-in facility at 605
Valley Road and 529 Valley Road, Montclair, New
Jersey.
Approved, March 22, 1988.
BANK HOLDING COMPANIES
Cleveland
AmeriTrust Corporation, Cleveland, Ohio — to
purchase and sell gold and silver bullion and coins
and to underwrite and deal in government
obligations and money market instruments and
provide related financial and investment advice,
through AT Investment Services Corp.
Approved, March 22, 1988.
Richmond
Bank Maryland Corp., Towson, Maryland — to acquire
Bank of Maryland - Harford County, Bel Air,
Maryland•
Approved, March 24, 1988.
Chicago
Bath State Bancorp, Bath, Indiana — to become a bank
holding company by acquiring The Bath State Bank.
Approved, March 24, 1988.
S t . Louis
Cadiz Bancorp, Inc., Cadiz, Kentucky — to become a
bank holding company by acquiring the successor by
merger to Bank of Cadiz and Trust Company.
Approved, March 22, 1988.
Chicago
CNBC Bancorp, Inc., Chicago, Illinois — to engage de
novo, through CNBC Development Corporation, in real
estate development and rehabilitation lending.
Returned, March 21, 1988•
H.2
MARCH 21, 1988
PAGE 4
TO
MARCH 25, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
First American Bank Corporation* Elk Grove Village*
Illinois — to acquire Keystone Data Corporation*
Kankakee* Illinois* and provide data processing and
data transmission services to financial
institutions.
Permitted* March 25* 1988.
Secretary
First Florida Banks* Inc.* Tampa* Florida* and 7L
Corporation — * to acquire First Florida Bank of
Orange County* N.A.* Orlando* Florida.
Approved* March 22* 1988.
Chicago
First Interstate Corporation of Wisconsin* Sheboygan*
Wisconsin — to acquire First Interstate Commercial
Corporation of Wisconsin.
Approved* March 24* 1988.
Kansas City
FirstTier Financial* Inc.* Omaha* Nebraska — to
acquire Circle Management Company* Kearney*
Nebraska* and Guaranty Trust Company.
Withdrawn, March 25* 1988.
Cleveland
Huntington Bancshares* Inc.* Columbus* Ohio — to
engage de novo through The Huntington Company in
providing advice regarding the structuring of and
arranging of interest rate swaps* interest rate
caps* and similar transactions; providing advice in
connection with mergers* acquisitions and
divestitures* and financing transactions for
nonaffiliated financial and nonfinancial
institutions; and providing valuation and fairness
opinions in connection with such transactions.
Permitted* March 25* 1988.
S t . Louis
National City Bancshares* Inc.* Evansville* Indiana
— to acquire the successor by merger to The
Peoples National Bank of Grayville* Grayville*
Illinois.
Approved* March 24* 1988.
H.2
MARCH 21, 1988
PAGE 5
TO
MARCH 25, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
San Francisco
Pacific Western Bancshares, San Jose, California
to provide data processing services through Pacific
Western Information Systems in the United States
and abroad.
Permitted# March 24# 1988.
Atlanta
Smoky Mountain Bancorp# Inc.# Gatlinburg# Tennessee
— to become a bank holding company by acquiring
The First National Bank of Gatlinburg.
Withdrawn# March 21# 1988. «
San Francisco
Standard Charterd PLC# London# England; Standard
Chartered Bank; Standard Chartered Overseas
Holdings Limited; Standard Chartered Holdings#
Inc.# Los Angeles# California; and Union Bancorp —
to acquire Western Bank Holding Company# Bellevue#
Washington.
Withdrawn# March 24# 1988.
Richmond
UBS Holding Company# Inc.# Glenville# West Virginia
— to become a bank holding company by acquiring
Kanawha Union Bank and The Weston National Bank#
Weston# West Virginia.
Approved# March 23# 1988.
Richmond
United Bankshares# Inc.# Charleston# West Virginia —
to acquire Webster County National Bank# Webster
Springs# West Virginia.
Approved# March 23# 1988.
Richmond
United Bankshares# Inc.# Charleston# West Virginia —
to acquire Ohio Valley National Bank of Vienna#
Vienna# West Virginia.
Approved# March 23# 1988.
Richmond
United Bankshares# Inc.# Charleston# West Virginia —
to acquire Heritage Bancorp# Inc.# Glenville# West
Virginia.
Approved# March 23# 1988.
Kansas City
Warrior Bank Corporation# Inc.# Cashion# Oklahoma —
to become a bank holding company by acquiring
Community State Bank.
Approved# March 25* 1988.
H.2
MARCH 21, 1988
PAGE 6
TO
MARCH 25, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
WIDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
West Iowa Banc Corp., Marcus, Iowa — to become a
bank holding company by acquiring The Farmers State
Bank.
Approved, March 25, 1988.
BANK PREMISES
New York
Manufacturers Hanover Trust Company, New York, New
York — investment in bank premises.
Approved, March 22, 1988.
BANKS, NATIONAL
S t . Louis
National Bank of
Mississippi —
and underwrite
insurance.
Permitted, March
Commerce of Mississippi, Starkville,
to form a bank service corporation
credit life and accident and health
23, 1988.
BANKS, STATE MEMBER
Staff Director
BS&R
The Schenectady Trust Company, Schenectady, New York
— to issue subordinated debentures.
Approved, March 22, 1988.
CAPITAL STOCK
Kansas City
First Nebraska Bank, Valley, Nebraska —
of shares.
Approved, March 23, 1988.
redemption
Minneapolis
Frazee Bancorporation, Inc., Frazee, Minnesota —
redemption of shares.
Approved, March 22, 1988.
Chicago
Rossville Bancorp, Inc., Rossville, Illinois —
redemption of shares.
Approved, March 25, 1988.
H.2
MARCH 21, 1988
PAGE 7
TO
MARCH 25, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
CHANGE IN BANK CONTROL
Atlanta
City Bancorp* Inc.* New Iberia* Louisiana —
in bank control.
Permitted* March 22* 1988.
change
S t . Louis
First Citizens Bancshares Company* Marion* Arkansas
— change in bank control.
Permitted* March 25* 1988.
Chicago
Peshtigo National Bancorporation* Inc.* Peshtigo*
Wisconsin — change in bank control.
Returned* March 24* 1988.
COMPETITIVE FACTORS REPORTS
Boston
Community Savings Bank* Holyoke* Massachusetts*
proposed merger with Community Heritage Trust
Company* Northampton* Massachusetts — report to
the Federal Deposit Insurance Corporation on
competitive factors.
Submitted* March 25* 1988.
Chicago
The Farmers National Bank of Geneseo* Geneseo*
Illinois* proposed merger with Bank of Atkinson*
N.A.* Atkinson* Illinois — report to the
Comptroller of the Currency on competitive factors.
Submitted* March 24* 1988.
Boston
First New Hampshire Granite State Bank* proposed
merger with Granite State National Bank — report
to the Federal Deposit Insurance Corporation on
competitive factors.
Submitted* March 24* 1988.
Richmond
Mountain State Bank* Parkersburg* West Virginia*
proposed merger with MSB Bank* Inc. — report to
the Federal Deposit Insurance Corporation on
competitive factors.
Submitted* March 21* 1988.
Boston
New Bedford Institution for Savings* New Bedford*
Massachusetts* proposed merger with Taunton Savings
Bank* Taunton* Massachusetts — report to the
Federal Deposit Insurance Corporation on
competitive factors.
Submitted* March 24* 1988.
H.2
MARCH 21, 1988
PAGE 8
TO
MARCH 25, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Boston
NIS Bank for Savings, Northampton, Massachusetts,
proposed merger with Community Savings Bank*
Holyoke, Massachusetts — report to the Federal
Deposit Insurance Corporation on competitive
factors.
Submitted, March 25, 1988.
New York
North Interim Savings Bank, Mattituck, New York,
proposed merger with Southold Savings Bank,
Southold, New York — report to the Federal Deposit
Insurance Corporation on competitive factors.
Submitted, March 22, 1988.
Boston
Plymouth Guaranty Savings Bank, Plymouth, New
Hampshire, proposed merger with Meredith Bank &
Trust, Meredith, New Hampshire; Baypoint Banccorp,
Inc.; and New Hampshire and Laconia Peoples
National Bank, Laconia, New Hampshire — report to
the Federal Deposit Insurance Corporation on
competitive factors.
Submitted, March 23, 1988.
Chicago
Sheridan Bank of Peoria, Peoria, Illinois, proposed
merger with First of America Bank - Peoria —
report to the Federal Deposit Insurance Corporation
on competitive factors.
Submitted, March 24, 1988.
Boston
Taunton Savings Bank, Taunton, Massachusetts,
proposed merger with New Bedford Trust Company, New
Bedford, Massachusetts — report to the Federal
Deposit Insurance Corporation on competitive
factors.
Submitted, March 24, 1988.
Chicago
Union Bank, Lake Odessa, Michigan, proposed merger
with Lake Odessa State Bank — report to the
Federal Deposit Insurance Corporation on
competitive factors.
Submitted, March 24, 1988.
H.2
MARCH 21, 1988
PAGE 9
TO
MARCH 25, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
San Francisco
United Savings Bank, Salem, Oregon, proposed
acquisition of assets and assumption of deposit
liabilities of Tualatin Valley Bank, Hillsboro,
Oregon — report to the Federal Deposit Insurance
Corporation on competitive factors.
Submitted, March 22, 1988.
San Francisco
Wells Fargo Bank, N.A., San Francisco, California,
proposed merger with Barclays Bank of California —
report to the Comptroller of the Currency on
competitive factors.
Submitted, March 21, 1988.
EXTENSIONS OF TIME
Kansas City
Aspen Bank Shares, Ltd., Aspen, Colorado — extension
to April 7, 1988, to acquire Pitkin County Bank and
Trust.
Granted, March 23, 1988.
Chicago
First United Financial Services, Inc., Arlington
Heights, Illinois — extension to June 13, 1988, to
engage de novo in lending activities through
Arlington Mortgage Company.
Granted, March 22, 1988.
Cleveland
NBM Bancorp, Inc., Montpelier, Ohio — extension to
June 21, 1988, to acquire National Bank of
Montpelier.
Granted, March 23, 1988.
San Francisco
Security Pacific Corporation, Los Angeles, California
— extension to divest property.
Granted, March 25, 1988.
Chicago
Valley Bancorporation, Appleton, Wisconsin —
extension to June 7, 1988, to acquire Valley
Bancard, Inc., Madison, Wisconsin.
Granted, March 22, 1988.
H.2
MARCH 21, 1988
PAGE 10
TO
MARCH 25, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
INTERNATIONAL OPERATIONS
Staff Director
BS&R
The First National Bank of Chicago, Chicago, Illinois
— to make an additional investment in
International Commercial Bank* London* England.
Permitted* March 25* 1988.
Staff Director
BS&R
Irving Trust Company* New York* New York — to make
an additional investment in International
Commercial Bank* London* England.
Permitted* March 25* 1988.
MEMBERSHIP
Atlanta
First Central Bank* St. Petersburg* Florida — to
become a member of the Federal Reserve System.
Approved* March 24* 1988.
RESERVE BANK OPERATIONS
General Counsel Farm Credit System Financial Assistance Corporation
— fiscal agency agreement.
Approved* March 22* 1988.
Director* FRBO
Federal Reserve Bank of Atlanta —
availability expenditures.
Approved* March 23* 1988.
expedited funds
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
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
Affiliated Banc Corporation,
Holyoke, Massachusetts - 3(a)(1)
application to become a bank
holding company through the
acquisition of Vanguard Savings
Bank, Holyoke, Massachusetts**
Newspaper
Citizens Financial Group, Inc.,
Providence, Rhode Island 3(a)(3) application to retain
Citizens Savings Bank,
Providence, Rhode Island**
Newspaper
Federal Register
Federal Register
04-17-88
Not Yet Established
04-23-88
Not Yet Established
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Comment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
**Subject to CRA
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
__________Notice Only________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice)
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Midland Bank PIC, London, England to engage through its
subsidiary, Thomas Cook, Inc., in purchasing and selling
foreign currency.
4/8/88
SECTION IV
Applications Not Involving
______ Public Comment______
Bankers Trust New York Corporation, New York, New York to
make an additional investment in B.T. New Zealand (Holding)
Limited, Auckland, New Zealand.
1/ Subject to provisions of Community 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 I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period ftnriinp Date
None
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 SOBJECT 10 FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None
Correction to Section II of the Applications Bulleten dated March 21,
1988.
The last comment period for the following application expires on April 4, 1988
not April 14, 1988:
Comment Period Ending Date
First Jermvn Corporation. Jermyn, PA Mr, Peter
Sabla who currently ownes more than 10% of the
shares of First Jermyn Corporation seeks approval
to acquire an additional 3 Co 5% of the
Corporation's shares pursuant to the Change in
Bank Control Act.
Newspaper:
Federal Register
Ten Independence Mali. Philadelphia, P/ - 9 1 0 8, {215) 574-6000
4/4/88
3/23/88
Cleveland Reserve Bank Applications
For Week Ending March 26, 1988
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
Received application fran Hie Fifth
Third Bank, Cincinnati, Ohio, for
permission to establish a branch at
Forest Road and Beechmont Avenue,
Cincinnati, Ohio.
COMMENT PERIOD ENDING
*April 22, 1988
SECTION II ~ APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3(a) (1) application
fran FarnMerc, Inc., Caldwell, Ohio,
to acquire The Fanners and Merchants
Bank, Caldwell, Ohio.
*N - April 16, 1988
Received Section 3(a)(3) application
fran Community First Financial Inc.,
Maysville, Kentucky, to acquire 66.70
percent of the voting shares of The
Citizens National Bank, Ripley, Ohio.
*F - April 24, 1988
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Notice from National City
Corporation, Cleveland, Ohio, of its intent
to acquire, pursuant to Section 4(c)(14)
of the Bank Holding Company Act and
Section 211.34 of Regulation K, First
Kentucky National Trading Company,
Louisville, Kentucky.
April 25, 1988
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Received request from The Canmercial
Bank, Delphos, Ohio, for permission to
exceed its limit of investment in bank
premises permitted under Section 24A of
the Federal Reserve Act.
* - Subject to CRA
N - Newspaper comnent period
F - Federal Register caunent period
6636B/3, 4
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
Central Fidelity Bank, Richmond,
Virginia, request for permission to
establish a branch at 7530 Tidewater
Drive, Norfolk, Virginia,
4-22-88
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Golden Bancorp, Inc., Milton, West
Virginia, for prior approval to become a
bank holding company through the acquisition
of The Commercial Bank of Bluefield,
Bluefield, West Virginia.
4-23-88
Delmar Bancorp, Delmar, Maryland, for prior
approval to become a bank holding company
through the acquisition of The Bank of
Delmar, Delmar, Maryland.
4-14-88
The above applications are subject to the Community Reinvestment Act.
Donald C. Bauerle, Sr., Notice of Change
in Control with respect to Carolina
Mountain Holding Company, Highlands, North
Carolina.
4-19-88
Federal Reserve Bank of Richmond
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
Key Centurion Bancshares, Inc.,
Charleston, West Virginia, for prior
approval to acquire Reliable Mortgage
Company, Charleston, West Virginia.
MNC Financial, Inc., Baltimore, Maryland,
to engage in the activities of an
industrial or Morris Plan bank, or
industrial loan company; selling credit life,
disability, or involuntary unemployment
insurance; issuing and retail selling of
money orders and similar consumer payment
instruments with a face value not more
than $1,000; selling U. S. savings bonds;
and selling traveler’s checks, through the
acquisition of: Applewood U.S. Industrial
Bank, Golden, Colorado; Aurora U.S.
Industrial Bank, Aurora, Colorado; Boulder
U.S. Industrial Bank, Boulder, Colorado;
Colorado Springs U.S. Industrial Bank,
Colorado Springs, Colorado; Fort Collins
U.S. Industrial Bank, Fort Collins, Colorado;
Littleton U.S. Industrial Bank, Littleton,
Colorado; Pueblo U.S. Industrial Bank, Pueblo,
Colorado; and Thornton U.S. Industrial Bank,
Thornton, Colorado.
The activities would be
conducted nationwide.
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application *
None
*Expiration of comment period specified in the Federal Register.
March 28, 1988
Federal Reserve Bank of Atlanta
Applications Bulletin
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Moundville Bancshares
04-15-88
Moundville, Alabama
Federal Register
1-BHC formation, Bank of Moundville, Moundville, Alabama.
Ready Bancorp, Inc.
Hialeah, Florida
1-BHC formation, Ready State Bank, Hialeah, Florida.
Whitney Holding Corporation
New Orleans, Louisiana
Change In Control by Auckland Pension Funds Limited, Wellington, New
Zealand and six firms to indirectly acquire an additional 12.03 percent,
increasing total ownership to 19.95 percent.
Section III - Applications Subject to
Federal Register Notice Only
Application
Conment Period Ending Date
The Colonial BancGroup, Inc.
Montgomery, Alabama
To engage de novo in performing appraisals of real estate and personal
property, including securities through an incorporated division, pursuant
to section 225.25(b) (13) of Regulation Y.
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Community Bancshares, Inc.
Blountsville, Alabama
To redeem 22,792 shares (5.38 percent) of its outstanding cannon stock.
LCB Corporation, Incorporated
Fayetteville, Tennessee
To redeem 15 percent of its outstanding shares of cannon stock.
Chicago Reserve Bank Applications
Section I - Applications Subject to Newspapei
Notice Only
Comment Period
Ending Date
Type
Application
EFT
Comerica Bank - Detroit
Detroit, Michigan
Delco Products, 13000 Eckels
Livonia, Michigan
3-14-88*
EFT
Comerica Bank - Detroit
Detroit, Michigan
Express 500 Station, 8438 Telegraph
Dearborn Heights, Michigan
3-14-88*
EFT
3-14-88*
Comerica Bank - Detroit
Detroit, Michigan
University of Michigan, North Campus Commons, 2101 Bonisteel
Blvd.
North Campus, Ann Arbor, Michigan
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Type
Application
Y-2
First Peoria Corp.
Peoria, Illinois
Farmers State Bank of Benson
Benson, Illinois
Y-2
Midwest Financial Group, Inc.
Peoria, Illinois
First Morton Bancorp, Inc.
Morton, Illinois
First National Bank of Morton
Morton, Illinois
N/A
Comerica Incorporated
Detroit, Michigan
Grand Banshares, Inc.
Dallas, Texas
Grand Bank R.L. Thornton at Grand
Dallas, Texas
Grand Bank, N.A.
Dallas, Texas
Grand Bank, Northeast
Dallas, Texas
N/A
3-29-88*
Chicago Reserve Bank Applications
Section II - Applications Subject to Both
newspaper and Federal Register Notice
(Continued)
Application
Comment Period
Ending Date
Y-2
First Illinois Corporation
Evanston, Illinois
United Illinois Bank of Troy
Troy, Illinois
Y-2
Illini Community Bancorp, Inc.
Springfield, Illinois
Elkhart Bancshares, Inc.
Elkhart, Illinois
Elkhart Community Bank
Elkhart, Illinois
Y-2
First of America Bancorporation-Indiana
Kalamazoo, Michigan
Lakeshore Bank and Trust Company
Michigan City, Indiana
N/A
Y-2
First of America Bank Corporation
Kalamazoo, Michigan
Lakeshore Bank and Trust Company
Michigan City, Indiana
N/A
Y-2
Mid-Citco Incorporated
Chicago, Illinois
(10,000 voting shares)
Union Bank and Trust Company
Oklahoma City, Oklahoma
N/A
Y-2
Mid-Citco Incorporated
Chicago, Illinois
(490 voting and 95,000 nonvoting shares)
Union Bank and Trust Company
Oklahoma City, Oklahoma
N/A
Y-2
Lincoln Financial Corporation
Fort Wayne, Indiana
Rush County National Corporation
Rushville, Indiana
4-04-88**
Y-l
Peoples Bancorporation of Northwest Iowa
Rock Valley, Iowa
Peoples Bank & Trust
Rock Valley, Iowa
4-07-88**
Y-l
First Affiliated Bancorp, Inc.
Watseka, Illinois
Wateska First National Bank
Wateska, Illinois
4-08-88**
N/A
4-21-88*
Chicago Reserve Bank Applications
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
(Continued)
Comment Period
Ending Date
Txpe
Application
Y-l
1889 Bankcorp
North Branch, Michigan
Pioneer Bank
North Branch, Michigan
4-13-88**
Y-l
Waymar Bancorporation
Spirit Lake, Iowa
First Bank of and Trust
Spirit Lake, Iowa
4-01-88**
Y-l
F S Bancshares, Inc.
Markesan, Wisconsin
Fanners State Bank
Markesan, Wisconsin
4-14-88**
Y-l
Vogel Bancshares, Inc.
Orange City, Iowa
Sioux County State Bank
Orange City, Iowa
4-14-88**
CofC
Beecher Bancorp
Beecher, Illinois
CofC by Bruce Brockelmahn
4-08-88**
Y-2
F & M Bancorporation, Inc.
Kaukauna, Wisconsin
PTD Bancorp, Inc.
Potosi, Wisconsin
Potosi State Bank
Potosi, Wisconsin
Darman Financial of Wisconsin, Incorporated
Verona, Wisconsin
First State Bank
Fennimore, Wisconsin
1-31-88*
Y-2
First Dubuque Corp.
Dubuque, Iowa
Andrew Financial Corp.
Bellevue, Iowa
Andrew Savings Bank
Bellevue, Iowa
3-25-88*
F & M Merger Bancorporation
Kaukauna, Wisconsin
PTD Bancorp, Inc.
Potosi, Wisconsin
Potosi State Bank
Potosi, Wisconsin
Darman Financial of Wisconsin, Incorporated
Verona, Wisconsin
First State Bank
Fennimore, Wisconsin
1-31-88*
Chicago Reserve Bank Applications
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Application
Ending Date
Type
4c8
Northern Trust Corporation
Chicago, Illinois
Northern Investment Management Co.
Chicago, Illinois
4c8
First Wisconsin Corporation
N/A
Milwaukee, Wisconsin
R E Services, Inc.; expanding MTG Lending Act to entire U.S.
Madison, Wisconsin
4c8
Illini Community Bancorp, Inc.
Springfield, Illinois
Illini Recovery Service; to collect past due accounts
Springfield, Illinois
4c8
CNBC Bancorp, Inc.
Chicago, Illinois
CNBC Development Corporation
Chicago, Illinois
4-08-88**
4c8
Midwest Financial Group, Inc.
Peoria, Illinois
Midwest Financial Mortgage Banking Corporation
Peoria, Illinois
4-13-88**
N/A
N/A
Section IV - Applications Not Subject to Federal Register Notice
Or Newspaper Notice
Type
Application
Comment Period
Ending Date
Continental International Finance Corporation
Chicago, Illinois
CIFC's intent to make an additional investment
directly in its wholly-owned Brazilian subsidiary.
Continental Illinois Servicos, Ltda. and indirectly
in its Brazilian joint venture, Continental Illinois
Sellas Banco de Investimento S.A.
*Newspaper
**Federal Register
N/A - Not available at this time
N/A
Federal Reserve Bank o f St. Louis
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
Change in Control notice involving
Montgomery County Bancshares, Inc.,
Little Rock, Arkansas, by G. R. Mosley
(Not available)
*Section 3(a)(3) application by
Old National Bancorp, Evansville, Indiana,
to acquire The Peoples National Bank in
Lawrenceville, Lawrenceville, Illinois
(Not available)
*Section 3(a)(1) application by
First Financial Corporation of America,
Salem, Missouri, to acquire The First
National Bank of Salem, Salem, Missouri
(Not available)
*Section 3(a)(3) application by
CNB Bancshares, Inc., Evansville, Indiana,
to acquire Haubstadt State Bank,
(Not available)
Haubstadt, Indiana
*Section 3(a)(3) application by
CNB Bancshares, Inc., Evansville, Indiana,
to acquire Posey Bancorporation, Wadesville,
Indiana, thereby acquiring Farmers Bank
and Trust Company, Wadesville, Indiana
(Not available)
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Application
Comment Period Ending Date*
None.
*This application is subject to CRA.
Federal Reserve Bank o f St. Louis
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
None
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
GEBSCO, Inc.
Cochrane, WI
To acquire Firstmondovi, Inc.
Mondovi, WI
Firstmondovi, Inc.
Mondovi, WI
Bank of Mondovi
Mondovi, WI
4-30-88
(Federal Register)
Minnesota-Wisconsin Bancshares, Inc.
Newport, MN
To acquire Carver County Bancshares, Inc.
Chaska, MN
James Heike
To acquire control of 25.0% of
Firstmondovi, Inc., Mondovi, WI
4-12-88
(Federal Register)
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Norwest Corporation
Minneapolis, MN
To indirectly engage in (01A) mortgage
banking activities through the acquisi
tion of 11 Ohio offices of Magnet Mort
gage, Inc., Charleston, West Virginia,
by Norwest Mortgage, Inc. The activity
will be conducted in the state of Ohio.
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.
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
First Junction City Bancshares,
Inc., Junction City, Kansas, for
prior approval to become a bank
holding company through the
acquisition of 80 percent of the
voting shares of Junction City
First National Company, Junction
City, Kansas, parent of First
National Bank and Trust Company of
Junction City, Junction City,
Kansas.*
Not Available
The Banks of Mid-America Thrift and
Salary Deferral Plan and Employee
Profit Sharing Plan, Oklahoma City,
Oklahoma, for approval to retain
10.6 percent of Banks of MidAmerica, Inc., Oklahoma City,
Oklahoma.
Not Available
Warrior Bank Corporation, Inc.,
Cashion, Oklahoma, for prior
approval to become a bank holding
company through the acquisition of
100 percent of the voting shares of
Community State Bank, Cashion,
Oklahoma.
Not Applicable
Don C. McNeill, Thomas, Oklahoma,
for prior approval to increase his
proportionate ownership of Thomas
Bancshares, Inc., Thomas, Oklahoma,
by 1.51 percent to 26.50 percent.
Not Available
J. David Davenport, Edmond,
Oklahoma, for prior approval to
increase his proportionate
ownership of Quail Creek
Bancshares, Inc., Oklahoma City,
Oklahoma, by 6.9 percent to 21.8
percent.
April 8, 1988
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 d§
novo bank.*
April 14, 1988
Bancorp II, Inc., Kansas City,
Kansas, for prior approval to
become a bank holding company
through the acquisition of 80
percent of the voting shares of The
Citizens Bank of Pilot Grove, Pilot
Grove, Missouri.*
April 1, 1988
First Alma Bancshares, Inc., Alma,
Kansas, for prior approval to
become a bank holding company
through the acquisition of 81.6
percent of the voting shares of The
First National Bank of Alma, Alma,
Kansas.*
April 8, 1988
SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
COMMENT PERIOD ENDING DATE
United Community Corporation,
Oklahoma City, Oklahoma, for prior
approval to acquire 50 percent of
the voting shares of Unitech Inc.,
Oklahoma City, Oklahoma, and
thereby engage indirectly in
providing to others financially
related data processing and data
transmission services, facilities,
and data bases; or access to them.
Not Available
OMNIBANCORP, Denver, Colorado, for
prior approval to engage c|e novo in
providing management consulting
services to depository
institutions.
April 13, 1988
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
♦Application is subject to CRA.
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF 88/03/21
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
,
NOTICE EXP
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE *
APPLICATION
GUSTINE-DELEON BANCSHARES, INC., GUSTINE, TX 3(A)(1)
FIRST STATE BANK, THE, GUSTINE, TX
NOTICE EXP
88/04/21
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
88-13
Week ending 3/25/88
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. Reg.:
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. Reg.: 4/15/88
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
****
@FedFRASER