The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
H
ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1983 No. 9 ( a ) )
Actions of t h e Board; Applications and Reports
Received During t h e Week Ending March 5, 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Kansas City
Central Bancorporation, I n c . , Central Colorado Company,
and C.C.B., a l l of Denver, Colorado, e x t e n s i o n of
time t o May 2, 1983, within which to acquire Central
Bank at Highlands Ranch, N.A., Arapahoe County,
Colorado, a proposed new bank. 1 /
Colorado
C i t i z e n s Bancshares, I n c . , S a l i n e v i l l e , Ohio, e x t e n s i o n
of time t o June 10, 1983, within which to acquire
The C i t i z e n s Bank Company, S a l i n e v i l l e , Ohio. 1_/
San
Franci sco
F i r s t Financial Bancorp, Lodi, C a l i f o r n i a , extension
of time t o June 10, 1983, within which to become
a bank holding company through t h e a c q u i s i t i o n
of Bank of Lodi, N . A . , a proposed new bank. 1/
Richmond
F i r s t & Merchants Corporation, Richmond, V i r g i n i a ,
e x t e n s i o n of time to June 7 , 1983, within which to
acquire additional shares of The Wise County
National Bank, Wise, V i r g i n i a . ]_/
S t . Louis
F i r s t Robinson Bancorp, Robinson, I l l i n o i s , extension
of time to June 11, 1983, within which to become a
bank holding company through t h e a c q u i s i t i o n of at
l e a s t 80 percent of t h e v o t i n g shares of the F i r s t
National Bank in Robinson. 1 /
Richmond
New Bank, Vienna, V i r g i n i a , a proposed new bank,
extension of time t o May 9, 1983, within which t o
merge with The Business Bank, Vienna, V i r g i n i a . 1/
San
Francisco
South Valley Bancorporation, Morgan H i l l , C a l i f o r n i a ,
e x t e n s i o n of time t o May 27, 1983, within which to
become a bank holding company through the a c q u i s i t i o n
of South Valley National Bank, a proposed new bank,
Morgan H i l l , C a l i f o r n i a . 1/
TJ
~~
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated authority.
#
H.2, 1983 No. 9(a)
- 2 ACTIONS OF THE BOARD - Continued
Richmond
United Financial Banking Companies, I n c . , Vienna,
V i r g i n i a , extension of time t o May 9, 1983, within
which to become a bank holding company through
the a c q u i s i t i o n of 100 percent of t h e voting shares
of The Business Bank, Vienna, V i r g i n i a . V
Kansas City
Alpine Bank, B a s a l t , Colorado, an investment in bank
preini s e s . j J
Atlanta
Bank of Florida in St. Petersburg, St. Petersburg,
F l o r i d a , an investment in bank premises. _]_/
Mi nneapoli s
Central Dakota Bank, Lehr, North Dakota, e x t e n s i o n
of time t o June 13, 1983, within which to e s t a b l i s h
a paying and receiving o f f i c e in Jud, North Dakota. j_/
Ri chmond
Union Trust Company of Maryland, Baltimore, Maryland,
e x t e n s i o n of time to March 4, 1984, within which to
e s t a b l i s h a d r i v e - i n f a c i l i t y at 624 Frederick Road,
C a t o n s v i l l e , Maryland. 1 /
Atlanta
Commonwealth Bank, Bay Springs, M i s s i s s i p p i , proposed
merger with F i r s t United Bank of M i s s i s s i p p i , Meridian,
M i s s i s s i p p i , and Central Bank of M i s s i s s i p p i , Brandon,
M i s s i s s i p p i ; report to the Federal Deposit Insurance
Corporation on c o m p e t i t i v e f a c t o r s . J /
Phil adelphi a
Downingtown National Bank, Downingtown, Pennsylvania,
proposal t o merge with Downingtown Interim National
Bank, Downingtown, Pennsylvania, under the t i t l e of
t h e former and the charter of the l a t t e r ; report to
the Comptroller of the Currency on competitive f a c t o r s . J_/
Ri chmond
F i r s t Huntington National Bank, Huntington, West V i r g i n i a ,
proposed merger with C i t i z e n s National Bank of Point
P l e a s a n t , West V i r g i n i a ; report to the Comptroller of
the Currency on c o m p e t i t i v e f a c t o r s . JJ
Philadelphia
F i r s t National Trust Bank, Sunbury, Pennsylvania,
proposal t o purchase the West End National Bank of
Shamokin, Shamokin, Pennsylvania, under the t i t l e
and charter of the former; report to the Comptroller
of t h e Curreency on c o m p e t i t i v e f a c t o r s . J /
S t . Louis
F i r s t S t a t e Bank, B r o w n s v i l l e , Tennessee, proposal to
merge with F i r s t State Interim Bank, Brownsville,
Tennessee; report to the Federal Deposit Insurance
Corporation on c o m p e t i t i v e f a c t o r s . 1/
J7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9(a)
- 3 ACTIONS OF THE BOARD - Continued
St. Louis
German American Bank, J a s p e r , Indiana, proposal t o
merger with GAB Bank, Jasper, Indiana; report to
the Federal Deposit Insurance Corporation on
competitive factors. J /
Richmo nd
National Bank of South Carolina, Sumter, South Carolina,
proposed merger with New National Bank of South
Carolina, a proposed new bank; report to the Compt r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . J /
Atl anta
Rabun County Bank, Clayton, Georgia, proposed merger
with RCB Interim, I n c . , Clayton, Georgia; report
t o the Federal Deposit Insurance Corporation on
c o m p e t i t i v e f a c t o r s . _]/
Richmo nd
Security Bank and Trust Company, S a l i s b u r y , North
Carolina, proposed merger with New S e c u r i t y Bank
and Trust Company, S a l i s b u r y , North Carolina,
a proposed new bank; report t o t h e Federal Deposit
Insurance Corporation on competitive f a c t o r s . 1/
TJ
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9 ( a )
- 4 ACTIONS OF THE BOARD - Continued
To E s t a b l i s h a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Approved
Central Trust Company, Rochester, New York. To
use o f f - s i t e e l e c t r o n i c f a c i l i t i e s at twenty-seven
l o c a t i o n s in New York S t a t e . 1/
New York
Richmond
F i r s t V i r g i n i a Bank - C o l o n i a l , Richmond, V i r g i n i a .
To e s t a b l i s h a branch a t 7023 Forest Hill Avenue,
Richmond, V i r g i n i a . J /
Chicago
Michigan Bank - Port Huron, Port Huron, Michigan.
t o e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y at
46 North Howard, Croswell, Michigan. 1/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant t o Section 9 of the Federal Reserve Act
Kansas City
Approved
Bank of Love County, Marjetta, Oklahoma. J_/
*
*
*
*
*
Issued Intent Not t o Disapprove Change of Control
Pursuant t o Change in Bank Control Act of 1978
Kansas City
Tj
Not Disapproved
The Protection Bank Holding Company, P r o t e c t i o n ,
Kansas. Yf
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated authority.
H.2, 1983 9 ( a )
- 5 ACTIONS OF THE BOARD - Continued
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other Actions Pursuant t o S e c t i o n s 25 and 2 5 ( a )
of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 )
of t h e Bank Holding Company Act of 1956, as amended
New Y o r k
Richmond
Approved
Marine Midland Banks, I n c . , B u f f a l o , New York, f o r
approval t o a c q u i r e 50 p e r c e n t of t h e v o t i n g
s h a r e s of I n t e r n a t i o n a l Treasury Management Limited,
Hong Kong, B.C.C.
NCNB National Bank of F l o r i d a , Boca Raton, F l o r i d a :
g r a n t s p e r m i s s i o n to e s t a b l i s h a f o r e i g n branch,
pursuant t o S e c t i o n 25 of t h e Federal Reserve
Act, i n Georgetown, Cayman I s l a n d s . 1/
*
*
*
*
*
To Form a Bank Holding Company Pursuant to S e c t i o n
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Atlanta
Dallas
New York
17
~~
Withdrawn
United Pensacola B a n c s h a r e s , I n c . , P e n s a c o l a ,
F l o r i d a , f o r approval t o acquire at l e a s t 8 9 . 5 9 5
percent of t h e v o t i n g s h a r e s of Bank of P e n s a c o l a ,
Pensacola, Florida.
Returned
Texas B a n c o r p o r a t i o n , I n c . , D a l l a s , Texas, f o r approval
t o a c q u i r e at l e a s t 80 percent of t h e v o t i n g shares
of The National Bank of Texas at Forth Worth, Fort
Worth, Weatherford B a n c s h a r e s , I n c . , Weatherford,
Texas and i n d i r e c t l y F i r s t National Bank of A z l e ,
A z l e , Texas and F i r s t National Bank of Weatherford,
Weatherford, Texas.
Approved
Broadway F i n a n c i a l C o r p o r a t i o n , P a t e r s o n , New J e r s e y ,
for approval t o a c q u i r e TOO percent of t h e v o t i n g
s h a r e s of Broadway Bank & Trust Company, P a t e r s o n ,
New J e r s e y . 1/
A p p l i c a t i o n p r o c e s s e d on behalf of the Board of Governors under
delegated authority.
H.2 1983 No. 9(a)
- 6 ACTIONS OF THE BOARD - Continued
Philadelphia
FNB Bancorp, I n c . , Newtown, Pennsylvania, f o r approval
to acquire 100 percent of t h e v o t i n g shares of The
F i r s t National Bank and Trust Company of Newtown,
Newtown, Pennsylvania. V
Phil adelphia
Merchants of Shenandoah Ban-Corp, Shenandoah, Pennsylv a n i a , for approval to acquire 100 percent of t h e
voting shares of The Merchants National Bank of
Shenandoah, Shenandoah, Pennsylvania. J /
Richmond
Southern Bankshares I n c . , Beckley, West V i r g i n i a , f o r
approval t o acquire 100 percent of t h e v o t i n g shares
of the successor by merger to Beckley National Bank,
Beckley, West V i r g i n i a . J /
At! anta
C i t i z e n s Bancorp, I n c . , New T a z e w e l l , Tennessee, f o r
approval to acquire 100 percent of t h e v o t i n g shares
of C i t i z e n s Bank, New T a z e w e l l , Tennessee. ]_/
Atlanta
H a r t s v i l l e Bancshares, I n c . , H a r t s v i l l e , Tennessee,
for approval to acquire at l e a s t 80 percent of the
voting shares of Bank of H a r t s v i l l e , H a r t s v i l l e ,
Tennessee. V
At! anta
Merchants & Planters Bancshares, I n c . , Monteval l o ,
Alabama, for approval to acquire 100 percent of
t h e voting shares of Merchants & Planters Bank,
Monteval l o , Alabama. V/
At! anta
Peoples Bancshares of Pointe Coupee Parish, I n c . ,
New Roads, Louisiana, for approval to acquire at
l e a s t 80 percent of the voting shares of The
Peoples Bank and Trust Company of Pointe Coupee
Parish, New Roads, Louisiana. 1 /
Chicago
FIRST MIDWEST BANCORP, INC., J o l i e t , I l l i n o i s , for
approval to acquire 80 percent of the voting
shares of Union National Bank and Trust Company
of J o l i e t , J o l i e t , I l l i n o i s ; C i t i z e n s Bancorp.,
I n c . , Waukegan, I l l i n o i s , and thereby i n d i r e c t l y
The C i t i z e n s National Bank of Waukegan, Waukegan,
I l l i n o i s ; F i r s t S e c u r i t y Bancorp., I n c . , Mo l i n e ,
I l l i n o i s , and thereby i n d i r e c t l y Moline National
Bank, Moline, I l l i n o i s ; D a n v i l l e Bancshares,
I n c . , D a n v i l l e , I l l i n o i s , and thereby i n d i r e c t l y
t h e Second National Bank of D a n v i l l e , D a n v i l l e ,
I l l i n o i s ; National Bank of J o l i e t , J o l i e t ,
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9 ( a )
- 7 ACTIQNS OF THE BOARD - Continued
I l l i n o i s ; S t r e a t o r Bancorp., I n c . , S t r e a t o r ,
I l l i n o i s , and thereby i n d i r e c t l y The S t r e a t o r
National Bank, S t r e a t o r , I l l i n o i s ; The F i r s t
National Bank of Morris, Morris, I l l i n o i s ;
F i r s t National Bank and Trust Company of Quincy,
Quincy, I l l i n o i s ; Bank of Galesburg, Galesburg,
II l i n o i s ; Mid-West National Bank of Lake F o r e s t ,
Lake F o r e s t , I l l i n o i s ; National Bank of North
Chicago, North Chicago, I l l i n o i s ; F i r s t Farmers
National Bank of Knoxvil l e , Knoxvil l e , I l l i n o i s ;
Bank of D a n v i l l e , D a n v i l l e , I l l i n o i s ; Community
State Bank, Seneca, I l l i n o i s ; Bank of Zion,
Zion, I l l i n o i s ; S t a t e Bank of Braidwood, Braidwood,
I l l i n o i s ; Community National Bank of Quincy, Quincy,
I l l i n o i s ; Bradley Bank, Bradley, I l l i n o i s ; Bank of
Lakehurst, Waukegan, I l l i n o i s ; F i r s t Wyanet I n v e s t ment Corporation, Galesburg, I l l i n o i s , and thereby
i n d i r e c t l y The F i r s t National Bank of Waynet, Wyanet,
I l l i n o i s . 1/
Chicago
FIRST WATSEKA BANC CORPORATION, Watseka, I l l i n o i s ,
for approval to acquire at l e a s t 80 percent of
the voting shares of the s u c c e s s o r by merger to
The F i r s t Trust and Savings Bank of Watseka,
I l l i n o i s , Watseka, I l l i n o i s . V
Chicago
J e f f e r s o n Bankshares Corp., Chicago, I l l i n o i s , for
approval t o acquire 100 percent of the voting
shares ( l e s s d i r e c t o r s q u a l i f y i n g s h a r e s ) of t h e
s u c c e s s o r by merger to J e f f e r s o n S t a t e Bank,
Chicago, I l l i n o i s . V
St. Louis
Bancshares of Hay t i , I n c . , Hayti, Missouri, for
approval to acquire at l e a s t 80 percent of the
voting shares of Bank of Hayti, Hayti, Missouri. ]_/
S t . Louis
Farmers Capital Bank Corporation, Frankfort, Kentucky,
for approval to acquire 100 percent of the voting
shares of t h e s u c c e s s o r by merger to Farmers Bank
& Capital Trust Company, Frankfort, Kentucky. ]_/
S t . Louis
South Central Bancshares, I n c . , R u s s e l l v i l l e , Kentucky,
f o r approval t o acquire at l e a s t 80 percent of the
v o t i n g shares of C i t i z e n s National Bank of
R u s s e l l v i l l e , R u s s e l I v i l l e , Kentucky. 1/
J]
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9 ( a )
- 8 ACTIONS OF THE BOARD - Continued
Kansas City
Clayco Bancs hares, I n c . , Claycomo, Missouri, f o r
approval to acquire 100 percent of t h e voting
shares of Clayco S t a t e Bank, Claycomo, Missouri. V
Kansas City
Fairview Bancshares, I n c . , Fairview, Oklahoma, for
approval t o acquire at l e a s t 80 percent of the
v o t i n g shares of The Farmers and Merchants National
Bank of F a i r v i e w , Fairview, Oklahoma. J_/
Kansas City
F i r s t Alex Bancshares, I n c . , Alex, Oklahoma, for
approval t o acquire at l e a s t 80 percent of the
v o t i n g shares of The F i r s t National Bank of Alex,
Alex, Oklahoma. \J
Dallas
Brazosport Corporation, F r e e p o r t , Texas, for approval
t o acquire at l e a s t 80 percent of the voting shares
of Brazosport Bank of Texas, Freeport, Texas. J /
Dallas
P i l o t Point Bancshares Corporation, P i l o t Point,
Texas, for approval t o acquire 100 percent of t h e
voting shares of The P i l o t Point National Bank,
P i l o t P o i n t , Texas. ]_/
San
Francisco
Metro Bancorp., I n c . , Phoenix, Arizona, f o r approval
t o acquire 100 percent of t h e voting shares of
Metropolitan Bank, Phoenix, Arizona (a proposed
new bank). ] /
San
Francisco
Woodburn Bancorp, Woodburn, Oregon, f o r approval
t o acquire 100 percent of t h e v o t i n g shares of
Woodburn State Bank, Woodburn, Oregon. 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956
Chicago
TJ
Withdrawn
Michigan National Corporation, Bloomfield, Michigan,
f o r approval t o acquire 100 percent of the voting
shares of S t a t e Bank of S t a n d i s h , Standish,
Michigan.
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated authority.
H.2, 1983 No. 9 ( a )
- 9 ACTIONS OF THE BOARD - Continued
Chicago
Approved
FIRST FREEPORT CORPORATION, F r e e p o r t , I l l i n o i s , for
approval t o acquire a t l e a s t 80 percent of the
v o t i n g shares of Lincolnway S t a t e Bank, S t e r l i n g ,
Illinois. V
Chicago
Midwest Financial Group, I n c . , P e o r i a , I l l i n o i s ,
for approval to acquire at l e a s t 6 7 . 8 percent or
more of the voting s h a r e s of Sangamon Bank and
Trust, Springfield, I l l i n o i s . V
S t . Louis
Mercantile Bancorporation, I n c . , S t . Louis, Missouri,
for approval to acquire 100 percent of t h e voting
shares of I n t e r s t a t e Bank of St. P e t e r s , St. P e t e r s ,
Mi s s o u r i . V
Minneapolis
Rice Lake Bancorp., I n c . , Rice Lake, Wisconsin, f o r
approval t o acquire at l e a s t 80 percent of t h e
voting shares of C i t i z e n s S t a t e Bank, Birchwood,
Wisconsin. V
Minneapolis
South Dakota Bancshares, I n c . , P i e r r e , South Dakota,
for approval to acquire a t l e a s t 5 7 . 8 percent of
t h e voting shares of Farmers S t a t e Bank, F a i t h ,
South Dakota. V
Kansas City
F i r s t Wyoming Bancorporation, Cheyenne, Wyoming, f o r
approval t o acquire 100 percent of t h e v o t i n g shares
of Bank of Laramie, Laramie, Wyoming. 1/
Dallas
F i r s t City Bancorporation of Texas, I n c . , Houston,
Texas, f o r approval t o acquire 100 percent of the
v o t i n g shares of F i r s t City Bank-MOPAC, Austin,
Texas. 1 /
Dallas
Harris County Bankshares, I n c . , Houston, Texas, f o r
approval to acquire 100 percent of t h e voting
shares of Harris County Bank-Airport, N.A., Houston,
Texas, a proposed new bank. V
Dallas
Harris County Bankshares, I n c . , Houston, Texas, f o r
approval t o acquire at l e a s t 51 percent of t h e
voting shares of Harris County Bank-Cy F a i r , N.A.,
Jersey V i l l a g e , Texas, a proposed new bank. ]_/
1/ A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated authority.
—
H.2, 1983 No. 9(a)
- 10 ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956
Approved
United Banks of Wisconsin, I n c . , Madison, Wisconsin,
for approval t o merge with Independent Bankshares,
I n c . , Madison, Wisconsin, and i n d i r e c t l y acquire
86.9 percent of t h e v o t i n g shares of Lake City Bank,
Madison, Wisconsin. 1/
Chicago
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
New York
Approved
Bankers Trust New York Corporation, New York, New
York, for approval t o engage through i t s whollyowned s u b s i d i a r y , BT Capital Markets Corp., New
York, New York, in t h e e x e c u t i n g and c l e a r i n g
on c e r t a i n commodity exchanges of f u t u r e s c o n t r a c t s
in b u l l i o n , U. S. Government s e c u r i t i e s , foreign
exchange, and n e g o t i a b l e money market instruments
at de novo branch o f f i c e s in D a l l a s , Texas, Los
AngeTes, C a l i f o r n i a and A t l a n t a , Georgia.
New York
Broadway Financial Corporation, Paterson, New J e r s e y ,
for approval t o acquire Broadway Premium Computer
S erv ice Center, I n c . , New York, New York, a
company engaged in arranging f i n a n c i n g of insurance
premium payments for customers of insurance agents
and brokers. V
Chicago
F i r s t Midwest Bancorp, I n c . , J o l i e t , I l l i n o i s , for
approval t o acquire at l e a s t 80 percent or more of
t h e voting shares of Midwest Insurance Company,
Joliet, Illinois.
S t . Louis
South Central Bancshares, I n c . , R u s s e l l v i l l e , Kentucky,
f o r approval t o act as an agent or broker with respect
t o the s a l e of c r e d i t l i f e and c r e d i t accident and
h e a l t h insurance, d i r e c t l y r e l a t e d t o e x t e n s i o n s of
c r e d i t by Applicant or any a f f i l i a t e of Applicant
through the a c q u i s i t i o n of Wilbur and Salb Insurance
Company, R u s s e l l v i l l e , Kentucky. V
Ty
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9(a)
- 11 ACTIONS OF THE BOARD - Continued
S t . Louis
S t . Louis
Boston
V
Delayed
F i r s t City Corp., Fort Smith, Arkansas, n o t i f i c a t i o n of
i n t e n t t o engage in de novo a c t i v i t i e s (consumer and
commercial f i n a n c e a c t i v i t i e s , i n c l u d i n g the ext e n s i o n of d i r e c t loans t o consumers, t h e discounting
of r e t a i l i n s t a l l m e n t notes or c o n t r a c t s , the ext e n s i o n of d i r e c t loans to d e a l e r s f o r the financing
of inventory [ f l o o r planning] and working c a p i t a l
purposes and making or acquiring loans and other
e x t e n s i o n s of c r e d i t such as could be made or
acquired by a consumer and commercial f i n a n c e company
in Arkansas and Oklahoma; and a c t i n g as agent f o r
s a l e of l i f e , a c c i d e n t and h e a l t h , and physical
damage insurance d i r e c t l y r e l a t e d to i t s e x t e n s i o n s
of c r e d i t ) at Phoenix S t r e e t and S t a t e Line Road,
Arkoma, Oklahoma, s e r v i n g the standard metropolitan
s t a t i s t i c a l area made up of 4 c o u n t i e s ; Le Flore and
Sequoyah c o u n t i e s in Oklahoma, and Crawford and
Sebastian c o u n t i e s in Arkansas, t h i s geographical
area approximates a 25-mile radius of Arkoma,
Oklahoma, through i t s s u b s i d i a r y , F i r s t City Financial
S e r v i c e s , Inc. ( 3 / 1 / 8 3 ) 3/
F i r s t Tennessee National Corporation, Memphis, Tennessee,
n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s
(making or a c q u i r i n g , f o r i t s own account and f o r the
account of o t h e r s , loans and other e x t e n s i o n s of
c r e d i t [ i n c l u d i n g l e t t e r s of c r e d i t and accepting
d r a f t s ] , such as would be made, for example, by a
mortgage, f i n a n c e , c r e d i t card or f a c t o r i n g company)
the a c t i v i t i e s are to be conducted at A p p l i c a n t ' s
main o f f i c e in Memphis, Tennessee ( 3 / 4 / 8 3 ) 3/
Permitted
Chittenden Corporation, Burlington, Vermont, n o t i f i cation of i n t e n t t o engage in de novo a c t i v i t i e s
(providing mnagement c o n s u l t i n g advice to nona f f i l i a t e d banks and nonbank de pos itor y i n s t i t u t i o n s ,
including commercial banks, savings and loan a s s o c i a t i o n s , mutual s a v i n g s banks, c r e d i t unions, i n d u s t r i a l
banks, Morris Plan banks, c o - o p e r a t i v e banks and
i n d u s t r i a l loan companies, on an e x p l i c i t f e e b a s i s ;
such an a c t i v i t y would be l i m i t e d t o advising c l i e n t s
and would not i n c l u d e performing t a s k s or conducting
operations on a d a i l y or continuing b a s i s ) at
Two Burlington Square, Burlington, Vermont,
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 No. 9 ( a )
-
12 -
ACTIONS OF THE BOARD - Continued
s e r v i n g t h e s t a t e of Vermont, t h e subject n o t i c e
i s f o r expansion of t h e s e r v i c e area of t h e
e x i s t i n g o f f i c e t o include the s t a t e s of New
York, New Hampshire and Massachusetts, through
i t s s u b s i d i a r y , Chittenden Consulting Corporation
(3/4/83) 3/
Boston
F i r s t National Boston Corporation, Boston, Massachusetts,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s
( f a c t o r i n g and commercial f i n a n c e a c t i v i t i e s ) at
Barclay Plaza, S u i t e 640, 1675 Larimer S t r e e t , Denver,
Colorado, serving t h e s t a t e s of Colorado, Kansas and
New Mexico, through i t s s u b s i d i a r y , FNB Financial
Company ( 2 / 2 7 / 8 3 ) 3/
New York
C i t i c o r p , New York, New York, requests permission t o
e s t a b l i s h a de novo o f f i c e of C i t i c o r p Homeowners,
Inc. (Delaware) ("CHI") and a de novo o f f i c e of
C i t i c o r p Person-to-Person Financi al Center, Inc.
(Delaware) ("CPTP"), engaging in the f o l l o w i n g
a c t i v i t i e s (the making or acquiring of loans and
other e x t e n s i o n s of c r e d i t , secured or unsecured,
f o r consumer and other purposes; t h e s a l e of c r e d i t r e l a t e d l i f e and accident and h e a l t h or decreasing
or l e v e l [ i n t h e case of s i n g l e payment l o a n s ] term
l i f e insurance by l i c e n s e d agents or brokers, as
required; t h e s a l e of consumer oriented f i n a n c i a l
management c o u r s e s ; the s e r v i c i n g , for any person,
of loans and other e x t e n s i o n s of c r e d i t ; t h e making,
a c q u i r i n g , and s e r v i c i n g , for i t s own account and
f o r t h e account of o t h e r s , of e x t e n s i o n s of c r e d i t
t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or
n o n - r e s i d e n t i a l real e s t a t e ; and t h e s a l e of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l o a n s .
The proposed s e r v i c e area for t h e de novo o f f i c e
of CHI and t h e de novo o f f i c e of CPTP shal1 be
comprised of t h e e n t i r e s t a t e of New Jersey for
a l l t h e aforementioned proposed a c t i v i t i e s ;
c r e d i t - r e l a t e d l i f e , a c c i d e n t , and health
insurance may be w r i t t e n by Family Guardian
L i f e Insurance Company, an a f f i l i a t e of CHI
and CPTP) at Paramus Plaza 4 , No. 10, Route 17,
Paramus, New J e r s e y , through i t s s u b s i d i a r i e s ,
CHI and CPTP ( 3 / 3 / 8 3 ) 3/
3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 No. 9(a)
- 13 ACTIONS OF THE BOARD - Continued
New York
C i t i c o r p , New York, New York, r e q u e s t s permission
to expand the s e r v i c e area of an e x i s t i n g o f f i c e
engaging in the f o l l o w i n g a c t i v i t i e s ( t h e making
or acquiring of loans and other e x t e n s i o n s of
c r e d i t , secured or unsecured, f o r consumer and
other purposes; t h e extension of loans to dealers
f o r t h e financing of inventory [ f l o o r planning]
and working c a p i t a l purposes; t h e purchasing and
s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e
c o n t r a c t s ; the s a l e of c r e d i t - r e l a t e d l i f e and
a c c i d e n t and h e a l t h or decreasing or level [ i n
the case of s i n g l e payment l o a n s ] term l i f e
insurance by l i c e n s e d agents or brokers, as
required; t h e making of loans to i n d i v i d u a l s
and b u s i n e s s e s secured by a l i e n on mobile
homes, modular u n i t s or r e l a t e d manufactured
housing, t o g e t h e r with the real property to
which such housing i s or w i l l be permanently
a f f i x e d , such property being used as s e c u r i t y
for t h e l o a n s ; and the s e r v i c i n g , for any person,
of loans and other e x t e n s i o n s of c r e d i t ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and health insurance may
be w r i t t e n by Family Guardian Life Insurance
Company an a f f i l i a t e of CAC) at 4370 West 109th
S t r e e t , 300 Pennsylvania National B u i l d i n g ,
S u i t e 300, Overland Park, Kansas, through i t s
s u b s id ia ry C i t i c o r p Acceptance Company, Inc.
(Delaware) ( 3 / 3 / 8 3 ) 3 /
Richmond
F i r s t Maryland Bancorp, Baltimore, Maryland, n o t i f i c a t i o n
of i n t e n t to expand t h e reinsurance underwriting
a c t i v i t i e s of i t s s u b s i d i a r y , F i r s t Maryland Life
Insurance Company, to i n c l u d e c r e d i t l i f e and c r e d i t
d i s a b i l i t y insurance s o l d in connection with extensions
of c r e d i t by the holding company's s u b s i d i a r i e s in
Delaware ( 2 / 2 7 / 8 3 ) 3/
Atlanta
F i r s t Alabama Bancshares, I n c . , Montgomery, Alabama,
n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s
(in the s a l e of involuntary unemployment insurance at
a l l t h e banking s u b s i d i a r y o f f i c e s of F i r s t Alabama
Bancshares) at 44 F i r s t Alabama Plaza, Montgomery,
Alabama, through an e x i s t i n g s u b s i d i a r y , FAB Agency,
Inc. ( 2 / 28/83 ) 3/
37
—
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 No. 9(a)
- 14 ACTIONS OF THE BOARD - Continued
S t . Louis
Ohio Valley Bancorp, I n c . , Henderson, Kentucky,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( i n the s a l e of c r e d i t l i f e insurance,
c r e d i t accident and h e a l t h i n s u r a n c e , and c r e d i t
d i s a b i l i t y insurance; a l l of which w i l l d i r e c t l y
r e l a t e to an extension of c r e d i t by Applicant
and any a f f i l i a t e of i t , i n c l u d i n g i t s banking
s u b s i d i a r y ) at 140 North Main S t r e e t , Henderson,
Kentucky, t h e geographic area t o be served i s
Henderson County, Kentucky, through i t s s u b s i d i a r y ,
0. V. Insurance Agency, Inc. ( 2 / 2 8 / 8 3 ) 3/
San
Francisco
U. S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of i n t e n t
to engage in de novo a c t i v i t i e s ( i n the making,
acquiring a n c T T e m c i n g of loans and other e x t e n s i o n s
of c r e d i t , e i t h e r secured or u n s e c u r e d / f o r i t s own
account or the account of o t h e r s , i n c l u d i n g , but
not l i m i t e d t o , commercial, r e d i s c o u n t and i n s t a l l m e n t
s a l e s c o n t r a c t s , to i s s u e t h r i f t c e r t i f i c a t e s and
passbooks, and t o act as insurance agent with regard
to c r e d i t l i f e and d i s a b i l i t y insurance s o l e l y i n
connection w i t h e x t e n s i o n s of c r e d i t by U. S. T h r i f t
& Loan in conformance with t h e p r o v i s i o n s of
Sections 2 2 5 . 4 ( a ) ( 1 ) , 2 2 5 . 4 ( a ) ( 2 ) , 2 2 5 . 4 ( a ) ( 3 ) , and
2 2 5 . 4 ( a ) ( 9 ) ( i ) of Regulation Y) a t 8031-B Greenback
Lane, Citrus Heights, C a l i f o r n i a ; t h e primary s e r v i c e
area by t h e proposed o f f i c e will be an area bounded
by the Sacramento/Placer County Line to the north,
Hazel Avenue to the e a s t , Fair Oaks Boulevard and
American River t o the south, and Highway 80, Garf i e l d and Manzanita Avenues to t h e west; at 1100
Contra Costa Boulevard, Concord, C a l i f o r n i a ; t h e
primary s e r v i c e area t o be served by t h e proposed
o f f i c e w i l l be an area bounded by Highway 4 t o
the n o r t h , Port Chicago Boulevard-Galindo to the
e a s t , Monument Boulevard-Boyd Road t o the South,
and to the c r e s t of a h i l l at the l i m i t of development t o West; and at 4600 N. Pershing Avenue,
Stockton, C a l i f o r n i a , t h e primary s e r v i c e area t o
be served by the proposed o f f i c e w i l l be the central
and northern s e c t i o n s of t h e incorporated c i t y of
Stockton, through i t s e x i s t i n g i n d i r e c t s u b s i d i a r y ,
U. S. T h r i f t & Loan ( 3 / 1 / 8 3 )
3?
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
- 15 -
H.2, 1983 No. 9(a)
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to
Section 9 of t h e Federal Reserve Act
New York
Chemical Bank, New York, New York. To e s t a b l i s h a
branch at 2630 Hylan Boulevard, Staten I s l a n d ,
New York. 2/
Cleveland
The First-Mason Bank, Mason, Ohio. To e s t a b l i s h a
CBCT branch at Kings I s l a n d , D e e r f i e l d Township,
Warren County, Kings I s l a n d , Ohio. 2/
Richmond
F i r s t S e t t l e r s Bank, Hayes, V i r g i n i a . To e s t a b l i s h
a branch at the i n t e r s e c t i o n of U. S. Rt. 17
and Ella Taylor Road, Harwoods M i l l , York County,
V i r g i n i a . 2/
Chicago
The Northern Trust Company, Chicago, I l l i n o i s .
To
e s t a b l i s h an ATM a t Wal greens Drug Store, 2317
N. Clark S t r e e t , Chicago, I l l i n o i s . 2/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant t o Section 9 of t h e Federal Reserve Act
S t . Louis
Central Trust Company, Memphis, Tennessee. 2/
*
*
*
*
*
Applications and N o t i f i c a t i o n s f o r International
Investments and Other Actions Pursuant t o S e c t i o n s
25 and 25(a) of the Federal Reserve Act and Sections
4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company
Act of 1956, as amended
Boston
2/
F i r s t National Boston Corporation, Boston, Massachusetts
prior n o t i f i c a t i o n of i t s i n t e n t to i n c r e a s e i t ind i r e c t investment through a wholly-owned s u b s i d i a r y ,
FSC Corp., i n Boston International Finance Corporation
N.V., Curacao, Netherlands, A n t i l l e s .
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1983 No. 9 ( a )
-
16 -
APPLICATIONS RECEIVED - Continued
Correction:
The a p p l i c a t i o n f o r NCNR National Bank of F l o r i d a ,
Boca Raton, F l o r i d a : to e s t a b l i s h a branch in
Georgetown, Cayman Islands which appeared on
H.2 No. 8 , 1983 was s t a t e d i n c o r r e c t l y . The
c o r r e c t name of the Applicant should have been
NCNB National Bank of F l o r i d a , Boca Raton,
Florida.
Richmond
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o Section
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Boston
Dartmouth National Corporation, Hanover, New
Hampshire f o r approval t o acquire 100 percent of
t h e v o t i n g shares of Dartmouth National Bank of
Hanover, Hanover, New Hampshire. 2/
New York
F i r s t Jersey National Corporation, Jersey C i t y ,
New J e r s e y , f o r approval t o acquire at l e a s t
20.07 percent of t h e v o t i n g shares of The Peoples
National Bank of Central J e r s e y , Pi s c a t away, New
J e r s e y . 2/
Philadelphia
BT Financial Corporation, Johnstown, Pennsylvania, f o r
approval t o acquire 100 percent of t h e v o t i n g shares
of Johnstown Bank and Trust Company, Johnstown,
Pennsylvania. 2/
Atlanta
Skylake Bankshares, I n c . , North Miami Beach, F l o r i d a ,
for approval t o acquire at l e a s t 97 percent of t h e
voting shares of The Skylake S t a t e Bank, North
Miami Beach, F l o r i d a . 2/
Atlanta
South Florida Banking Corp., Bonita Springs, F l o r i d a ,
for approval to acquire 100 percent of t h e voting
shares of F i r s t National Bank of Bonita Springs,
Bonita Springs, F l o r i d a . 2/
Chicago
Michiana Bancorp, I n c . , South Bend, Indiana, f o r
approval to acquire at l e a s t 80 percent or more of
the voting shares of Western S t a t e Bank, South
Bend, Indiana. 2/
27
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1983 No. 9 ( a )
- 17 -
APPLICATIONS RECEIVED - Continued
S t . Louis
F i r s t C i t i z e n s Bancs hares, I n c . , Dyersburg, Tennessee,
for approval t o acquire 100 percent of t h e voting
shares of the s u c c e s s o r by merger to F i r s t - C i t i z e n s
National Bank of Dyersburg, Dyersburg, Tennessee. 2]
Minneapolis
Hamburg F i n a n c i a l , I n c . , Edtna, Minnesota, f o r approval
t o acquire at l e a s t 9 4 . 5 percent of t h e v o t i n g shares
of S t a t e Bank of Hamburg, Hamburg, Minnesota. 2/
Kansas City
Auburn S e c u r i t y Bancshares, I n c . , Auburn, Kansas, for
approval t o acquire at l e a s t 9 4 . 4 percent of the
v o t i n g shares of The S e c u r i t y S t a t e Bank, Auburn,
Kansas. 2/
Kansas City
Cedaredge Financial S e r v i c e s , I n c . , Denver, Colorado,
for approval to acquire 100 percent of t h e voting
shares of The F i r s t National Bank of Cedaredge,
Cedaredge, Colorado. 2}
Kansas City
Farmers Bancshares of Erick, I n c . , Erick, Oklahoma,
for approval to acquire at l e a s t 80 percent of
the voting shares of The Farmers National Bank of
Erick, Erick, Oklahoma. 2]
Kansas City
F i r s t Overton Bancorp, Overton, Nebraska, f o r approval
to acquire 100 percent of t h e v o t i n g shares of Bank
of Overton, Overton, Nebraska. 2j
Kansas City
Lake Bancshares Corporation, Langley, Oklahoma, for
approval t o acquire at l e a s t 80 percent of the
v o t i n g shares of Bank of the Lakes, Langley,
Oklahoma. 2]
Kansas City
Windsor Bancorporation, I n c . , Windsor, Colorado, f o r
approval t o acquire at l e a s t 51.5 percent of the
voting shares of Bank of Windsor, Windsor, Colorado. \If
Dallas
C o l l i e r Bancshares Holding Company, I n c . , McAllen,
Texas, f o r approval t o acquire at l e a s t 30.69 percent
of t h e v o t i n g shares of Lower Rio Grande Valley
Bancshares, I n c . , La F e r i a , Texas and i n d i r e c t l y The
F i r s t National Bank of La F e r i a , La F e r i a , Texas,
Valley National Bank, Harlingen, Texas, and The F i r s t
National Bank of Mercedes, Mercedes, Texas. 2/
"Tf
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1983 No. 9(a)
-
18 -
APPLICATIONS RECEIVED - Continued
Dallas
F i d e l i t y Bancs hares, I n c . , Temple, Texas, f o r
approval to acquire 96.01 percent of t h e voting
shares of Robinson S t a t e Bank, Robinson, Texas. 2/
San
Francisco
Larchmont Bancorp, Los Angeles, C a l i f o r n i a , for
approval t o acquire 100 percent of the voting shares
of Larchmont National Bank, Los Angeles, C a l i f o r n i a ,
a proposed new bank. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
Atlanta
E l l i s Banking Corporation, Bradenton, F l o r i d a , f o r
approval to acquire at l e a s t 51 percent or more of
t h e voting shares of Dixie County S t a t e Bank,
Cross C i t y , F l o r i d a . 2j
Chicago
Middle S t a t e s Bancorporation, I n c . , East Moline,
I l l i n o i s , for approval t o acquire at l e a s t
76.5 percent of the voting shares of Colona
Avenue S t a t e Bank East Moline, I l l i n o i s . 21
S t . Louis
F i r s t Granite Bancorporation, I n c . , Granite C i t y ,
I l l i n o i s , for approval t o acquire at l e a s t 80 percent
and up to 100 percent of the voting shares of
Colonial Bank of Granite C i t y , Granite C i t y , I l l i n o i s . 2/
Dallas
Western Bancorporation, N . V . , Houston, Texas, f o r approval
t o acquire 100 percent of t h e v o t i n g shares of Port
City Bancs hares, I n c . , Houston, Texas and i n d i r e c t l y
Port City Bank, Houston, Texas. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956
Dallas
7/
Western Bancorporation, I n c . , Houston, Texas, for
approval t o merger with Port City Bancshares, I n c . ,
Houston, Texas and i n d i r e c t l y Port City Bank,
Houston, Texas. 2/
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted
as to the length of the comment period.
I
H.2, 1983 No. 9 ( a )
- 19 -
APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
New York
Chemical New York Corporation, New York, New York,
requests permission to r e l o c a t e an o f f i c e
engaging i n the f o l l o w i n g a c t i v i t i e s (making d i r e c t
l o a n s , purchasing i n s t a l l m e n t s a l e s f i n a n c e cont r a c t s , and acting as agent or broker f o r the s a l e
of c r e d i t l i f e , accident and health i n s u r a n c e , and
making a v a i l a b l e to i t s debtors property and
c a s u a l t y i n s u r a n c e , a l l d i r e c t l y r e l a t e d t o such
e x t e n s i o n s of c r e d i t ) from 5803 Youree Drive,
Shreveport, Louisiana t o 820 Jordan S t r e e t ,
Shreveport, Louisiana, through i t s s u b s i d i a r y ,
Sunamerica Financial Corporation ( 3 / 1 / 8 3 )
New York
C i t i c o r p , New York, New York, r e q u e s t s permission to
expand the a c t i v i t i e s and r e l o c a t e an e x i s t i n g o f f i c e
of i t s s u b s i d i a r y , Citicorp Person-to-Person
Financial Center, Inc. (Delaware) ("CPTP"), and t o
e s t a b l i s h a de novo o f f i c e of C i t i c o r p Homeowners,
Inc. (Delaware) (CHI") at the same l o c a t i o n ; t h e
previously approved a c t i v i t i e s in which the o f f i c e
of CPTP proposes t o engage at the new l o c a t i o n are
as f o l l o w s (the making or acquiring of loans and
other e x t e n s i o n s of c r e d i t , secured or unsecured,
f o r consumer and other purposes; t h e extension of
loans t o dealers for the f i n a n c i n g of inventory
[ f l o o r planning] and working capital purposes;
t h e purchasing and s e r v i c i n g for i t s own account
of s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and accident and health or decreasing
or l e v e l [ i n the case of s i n g l e payment l o a n s ]
term l i f e insurance by l i c e n s e d agents or brokers,
as required; t h e s a l e of consumer oriented f i n a n c i a l
management c o u r s e s ; and t h e s e r v i c i n g , for any
person, of loans and other e x t e n s i o n s of c r e d i t ;
the a c t i v i t i e s i n which t h e o f f i c e of CPTP proposes
t o engage de novo at t h e new l o c a t i o n are ( t h e
making, a c q u i r i n g , and s e r v i c i n g , for i t s own
account and f o r the account of o t h e r s , of e x t e n s i o n s
of c r e d i t t o i n d i v i d u a l s secured by l i e n s on
r e s i d e n t i a l or n o n - r e s i d e n t i a l real e s t a t e ; and t h e
s a l e of mortgage l i f e and mortgage d i s a b i l i t y
insurance d i r e c t l y r e l a t e d to e x t e n s i o n s of
mortgage l o a n s ) ; t h e CHI o f f i c e will engage in
t h e f o l l o w i n g a c t i v i t i e s (the making or acquiring
of loans and other e x t e n s i o n s of c r e d i t , secured
or unsecured, f o r consumer and other purposes;
the s a l e of c r e d i t - r e l a t e d l i f e and accident and
I
H.2, 1983 No. 9 ( a )
- 2 0 -
APPLICATIONS RECEIVED - Continued
h e a l t h or decreasing or l e v e l [ i n the case of
s i n g l e payment l o a n s ] term l i f e insurance by
l i c e n s e d agents or brokers, as required; t h e s a l e
of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ;
t h e s e r v i c i n g , f o r any person, of loans and other
e x t e n s i o n s of c r e d i t ; t h e making, a c q u i r i n g , and
s e r v i c i n g , f o r i t s own account and f o r the account
of o t h e r s , of e x t e n s i o n s of c r e d i t to i n d i v i d u a l s
secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l
real e s t a t e ; and the s a l e of mortgage l i f e and mortgage
d i s a b i l i t y insurance d i r e c t l y r e l a t e d to extensions
of mortgage l o a n s ) from 109 E. Lohman S t r e e t , Las
Cruces, New Mexico to Golden Key C e n t r a l , 1200
Golden Key C i r c l e , El Paso, Texas ( 2 / 2 8 / 8 3 )
Philadelphia
Merchants Bancorp, Incorporated, Allentown, Pennsylvania,
n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s
( i n the l i f e and d i s a b i l i t y insurance b u s i n e s s ,
insuring r i s k s d i r e c t or as a r e i n s u r e r , or both,
f r e e from t h e l i m i t a t i o n s imposed upon a domestic
l i f e and d i s a b i l i t y r e i n s u r e r ) t h e s e a c t i v i t i e s
would be conducted in the S t a t e of Pennsylvania,
through i t s s u b s i d i a r y , Merchants L i f e Insurance
Company ( 3 / 1 / 8 3 )
Cleveland
BancOhio Corporation, Columbus, Ohio, n o t i f i c a t i o n of
i n t e n t t o engage in de novo a c t i v i t i e s (making,
a c q u i r i n g , or s e r v i c i n g for i t s own account or
f o r t h e account of o t h e r s , a l l types of r e s i d e n t i a l
and commercial mortgage loans and other e x t e n s i o n s
of c r e d i t [ i n c l u d i n g i s s u i n g l e t t e r s of c r e d i t and
accepting d r a f t s ] at 1 Cascade Plaza, Akron, Ohio,
through i t s s u b s i d i a r y , BancOhio Mortgage Company
(2/25/83)
Cleveland
PNC Financial Corp, P i t t s b u r g h , Pennsylvania, n o t i f i cation of i n t e n t t o engage in de novo a c t i v i t i e s
( m a k i n g or acquiring f o r i t s own account or f o r
the accounts of o t h e r s , loans and other e x t e n s i o n s
of c r e d i t ) at Pittsburgh National B u i l d i n g , F i f t h
Avenue and Wood S t r e e t , P i t t s b u r g h , Pennsylvania,
through i t s s u b s i d i a r y , Pittsburgh National Commercial
Corporation ( 2 / 2 8 / 8 3 )
Richmond
Dominion Bankshares Corporation, Roanoke, V i r g i n i a ,
n o t i f i c a t i o n of i n t e n t to engage in de novo
a c t i v i t i e s (engaging i n any one or more o f t h e
f u n c t i o n s or a c t i v i t i e s t h a t may be performed or
carried on by a t r u s t company) at 200 Monticel l o
Avenue, Norfolk, V i r g i n i a , through i t s s u b s i d i a r y ,
Dominion Trust Company ( 3 / 4 / 8 3 )
H.2, 1983 No. 9 ( a )
- 21 -
APPLICATIONS RECEIVED - Continued
Richmond
Southern Bancorporation, I n c . , G r e e n v i l l e , South
Carolina, n o t i f i c a t i o n of i n t e n t to engage in
de novo a c t i v i t i e s (making e x t e n s i o n s of c r e d i t
as a l i c e n s e d consumer f i n a n c e lender) at 100
East Second S t r e e t , Sand Springs, Oklahoma,
through i t s s u b s i d i a r y , World Acceptance Corporation
(3/4/83)
Richmond
Southern Bancorporation, I n c . , G r e e n v i l l e , South
C a r o l i n a , n o t i f i c a t i o n of i n t e n t to engage in
de novo a c t i v i t i e s (making e x t e n s i o n s of c r e d i t
as a licensed consumer f i n a n c e lender) at 24 East
Dewey S t r e e t , Sapulpa, Oklahoma, through i t s subs i d i a r y , World Acceptance Corporation ( 3 / 4 / 8 3 )
Richmond
Southern Bancorporation, I n c . , G r e e n v i l l e , South
Carolina, n o t i f i c a t i o n of i n t e n t to engage in
de novo a c t i v i t i e s (making e x t e n s i o n s of c r e d i t
as a l i c e n s e d consumer f i n a n c e lender) at 18 East
Pine S t r e e t , T u l s a , Oklahoma, through i t s subs i d i a r y , World Acceptance Corporation ( 3 / 3 / 8 3 )
At! anta
Barnett Banks of F l o r i d a , I n c . , Jacksonvil l e , F l o r i d a ,
n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s
( i n f u n c t i o n s and a c t i v i t i e s performed by a corporate
f i d u c i a r y , i n c l u d i n g personal r e p r e s e n t a t i v e of
e s t a t e s , t r u s t e e of t r u s t agreements and indentures,
guardian of property, c u s t o d i a n , investment agent,
stock t r a n s f e r agent, r e g i s t r a r and a l l other
d u t i e s commonly performed by a t r u s t department of
a bank or a t r u s t company) in Tampa, Florida, conducting business throughout the s t a t e of F l o r i d a , through
i t s s u b s i d i a r y , Barnett Banks Trust Company, National
Association (2/25/83)
Chicago
F i r s t Midwest Bancorp, I n c . , J o l i e t , I l l i n o i s , f o r
approval to acquire at l e a s t 80 percent or more of
t h e voting shares of Midwest Insurance Company, J o l i e t ,
Illinois.
Mi nneapoli s
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s
( i n investment advisory and small business investment
company a c t i v i t i e s ) at 1730 Midwest Plaza Building,
Minneapolis, Minnesota; 3018 F i r s t National Tower,
Portland, Oregon and 7625 West F i f t h Avenue, S u i t e 202,
Lakewood, Colorado, serving t h e continental United
S t a t e s , through i t s s u b s i d i a r y , NWB Venture Capital Co.
(2/28/83)
H.2, 1983 No. 9(a)
-22-
APPLICATIQNS RECEIVED - Continued
Kansas City
Cedaredge Financial S e r v i c e s , I n c . , Denver, Colorado,
for approval to engage de novo in general insurance.,
agency a c t i v i t i e s in a community of l e s s than
5,000 population.
Kansas City
F i r s t Oklahoma Bancorporation, I n c . , Oklahoma C i t y ,
Oklahoma, n o t i f i c a t i o n of i n t e n t to engage in
de novo a c t i v i t i e s ( i n providing f i n a n c i a l advice
t o s t a t e and l o c a l governments and other tax
exempt o r g a n i z a t i o n s and e n t i t i e s , including
research and development of programs t a i l o r e d t o
match the f i n a n c i a l resources of the customer with
i t s f i n a n c i a l needs in t h e most e f f e c t i v e and
c o s t e f f i c i e n t manner in accordance with the Board's
Regulation Y) at 210 West Park Avenue, Oklahoma
C i t y , Oklahoma, serving Oklahoma, Kansas, Arkansas,
Missouri, Colorado, New Mexico and Texas, through
a s u b s i d i a r y , F i r s t Invescorp, Inc. ( 3 / 4 / 8 3 )
Kansas City
United Banks of Colorado, I n c . , Denver, Colorado,
n o t i f i c a t i o n of i n t e n t to engage in de novo
a c t i v i t i e s (in c r e d i t l i f e and c r e d i t accident
and h e a l t h insurance d i r e c t l y r e l a t e d t o e x t e n s i o n s
of c r e d i t ) by i t s s u b s i d i a r y , United Financial
Centers, I n c . , 1700 Broadway, S u i t e 2100, Denver,
Colorado, at o f f i c e s l o c a t e d at 3150 South Peoria
S t r e e t , Aurora, Colorado, serving t h e southeastern
portion of Araphahoe County, i n c l u d i n g the City
of Aurora, and the contiguous northeastern portion
of Douglas County, Colorado, and 900 West 104th
Avenue, Northglenn, Colorado, serving Adams County
and contiguous portions of Denver and Boulder Counties,
Colorado; through i t s subsidary, Lincoln Agency, I n c . ,
Denver, Colorado ( 3 / 1 / 8 3 )
Dallas
Commercial Bancshares, I n c . , Houston, Texas, n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s (making or
acquiring loans and other extensions of c r e d i t such as
would be made by a commercial f i n a n c i a l company,
including commercial loans secured by a borrower's
equipment, i n v e n t o r y , accounts r e c e i v a b l e , or other
a s s e t s , s e r v i c i n g such loans f o r o t h e r s ; and making
l e a s e s of personal property in accordance with t h e
Board's Regulation Y) t h e s e a c t i v i t i e s would be performed in the State of Texas ( 3 / 3 / 8 3 )
H.2, 1983 No. 9(a)
- 23 -
APPLICATIONS RECEIVED - Continued
Dallas
Mustang Financial Corporation, Rio V i s t a , Texas,
n o t i f i c a t i o n of i n t e n t to engage in de novo
a c t i v i t i e s (in consumer and commercial" f i n a n c e
a c t i v i t i e s , i n c l u d i n g the e x t e n s i o n s of d i r e c t
loans to consumers, t h e discount of r e t a i l and
i n s t a l l m e n t notes or c o n t r a c t s , and other ext e n s i o n s of c r e d i t such as would normally be
made by a f i n a n c e company) at 1500 West Henderson,
Cleburne, Texas, serving t h e s t a t e of Texas, through
i t s s u b s i d i a r y , Mustang Credit Corporation ( 3 / 1 / 8 3 )
*
*
*
*
*
REPORTS RECEVEP
None.
*
*
*
*
*
PETITIONS FOR RULEMAKING
None.
@FedFRASER