The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
>
#
e
ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
( H . 2 , 1$82 No. 10)
Actions of the Board; Applications and Reports
APPLICABLE
RESERVE BANK
Received During the Week Ending March 6, 1982
ACTIONS OF THE BOARD
Statement by Chairman Paul A. Volcker before the Senate
Budget Committee to discuss economic issues.
Statement by Governor Lyle E. Gramley before the Subcommittee on Domestic Monetary Policy of the House
Banking Committee to present his views regarding the
e f f e c t s of f i n a n c i a l innovations on the conduct of
monetary p o l i c y .
Meeting of the Consumer Advisory Council to be held on
A p r i l 28-29, 1982; the April meeting w i l l include a
discussion of the impact of current economic conditions
on implementation of the Community Reinvestment Act; the
Council is seeking w r i t t e n views from a wide range of
groups as background f o r discussion at i t s April meeting;
comment should be received by April 7, 1982.
Chicago
B l i s s f i e l d State Bank, B l i s s f i e l d , Michigan, an investment
in bank premises. J /
Atlanta
Flagship Bank of Tampa, Tampa, F l o r i d a , an investment in
bank premises. J /
Richmond
Centurion Bancorp, I n c . , Charleston, West V i r g i n i a , extension
of time t o May 21, 1982, w i t h i n which to become a bank holding company through acquisition of The Charleston National
Bank, Charleston, West V i r g i n i a . J /
Atlanta
F i r s t Pikevi1le Bancshares, I n c . , P i k e v i l i e , Tennessee, extension of t i n e t o May 19, 1982, within which to become a
bank holding company through acquisition of F i r s t National
Bank of P i k e v i l i e , P i k e v i l i e , Tennessee. ]_/
Cleveland
F i r s t Seneca Corporation, Oil C i t y , Pennsylvania, extension
of time t o July 1, 1982, within which to become a bank
holding company through the acquisition of F i r s t Seneca
Bank and Trust Company, Oil C i t y , Pennsylvania. J /
\J
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 10
-
2
-
ACTIONS OF THE BOARO-Continued
Atlanta
Florida National Banks of F l o r i d a , I n c . , Jacksonville,
Florida, extension of time to June 8, 1982, within
which t o acquire Alliance Corporation, Jacksonville,
Florida. V
Atlanta
Franklin F i r s t National Corporation, Decherd, Tennessee,
extension of time to May 25, 1982, within which to become
a bank holding company through acquisition of F i r s t
National Bank of Franklin County, Decherd, Tennessee. J_/
Boston
Hospital Trust Company, Providence, Rhode Island, extension of time to May 28, 1982, within which t o engage i n
t r u s t company a c t i v i t i e s through a new subsidiary,
Hospital Trust of Florida, N.A., Palm Beach, Florida. J_/
Chicago
MANHATTAN BANCSHARES, INC., Manhattan, I l l i n o i s , extension
of time t o June 29, 1982, within which t o become a bank
holding company through the acquisition of 80 percent or
more of the voting shares of The F i r s t National Bank of
Manhattan, Manhattan, I l l i n o i s . V
Chicago
NBB, I n c . , Chicago, I l l i n o i s , extension of time to May 28, 1982,
within which t o become a bank holding company through the
acquisition of 75 percent or more of the voting shares of
National Boulevard Bank of Chicago, Chicago, I l l i n o i s . J_/
Chicago
Pacesetter Financial Corporation, Grand Rapids, Michigan,
extension of time to June 2, 1982, w i t h i n which t o acquire
100 percent of the voting shares of Pacesetter Bank Grand Rapids, Grand Rapids, Michigan, a proposed new bank. J_/
Atlanta
Southwest Florida Banks, I n c . , Fort Myers, Florida, extension of time to May 26, 1982, w i t h i n which to acquire The
F i r s t Bank of Marco Island, N.A., Marco Island, Florida. !_/
Atlanta
Twin Cities Financial Services, I n c . , M a r y v i l l e , Tennessee,
extension of time to May 17, 1982, within which to become
a bank holding company through acquisition of Citizens
Bank of Blount County, Maryville, Tennessee. V
S t . Louis
West Tennessee Bancshares, I n c . , B a r t l e t t , Tennessee, extension of time to June 9, 1982, within which to become a bank
holding company through the acquisition of Bank of B a r t l e t t ,
B a r t l e t t , Tennessee. 1/
Chicago
City State Bank, Ogden, Iowa, an investment in bank premises. 1/
TJ
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 10
- 3 ACTIONS OF THE BOARD-Continued
Atlanta
Commerce Union Bank of Sumner County, Gal l a t i n , Tennessee,
an investment in bank premises. V
New York
F i d e l i t y Union Bank of Sumner County, G a l l a t i n , Tennessee,
an investment in bank premises. 1/
Chicago
F i r s t State Bank of Porter, Porter, Indiana, an investment
in bank premises. IJ
Atlanta
Mountain Empire Bank, Johnson C i t y , Tennessee, an investment in bank premises. If
Chicago
Peoples Bank of Bloomington, Bloomington, I l l i n o i s , an
investment in bank premises. If
Chicago
State Bank of Howards Grove, Howards Grove, Wisconsin,
an investment in bank premises. 1J
Dallas
Central Bank, Monroe, Louisiana, extension of time to March
14, 1982, within which to establish a branch at 2211
Forsythe Avenue, Monroe, Louisiana. 1/
Chicago
Bloomfield State Bank, Bloomfield, Indiana, proposed merger
with Greene County Bank, Bloomfield, Indiana; report to
the Federal Deposit Insurance Corporation on competitive
f act ors. JV
Chicago
Bremen Bank and Trust Company, Tinley Park, I l l i n o i s , application
for p r i o r approval to merge with BBT Bank; report to the
Federal Deposit Insurance Corporation on competitive f a c t o r s , y
Atlanta
Central Bank of Georgia, Macon, Georgia, proposed merger with
Centralize, I n c . , Macon, Georgia; report to the Federal
Deposit Insurance Corporation on competitive factors. If
Dallas
Citizens National Bank, Beaumont, Texas, proposed merger with
New Citizens Bank, Beaumont, Texas; report to the Federal
Deposit Insurance Corporation on competitive factors. \ j
Atlanta
Citizens and Southern National Bank, Savannah, Georgia, proposed
merger with Citizens and South Bank of Houston County, Warner
Robins, Georgia; report to the Comptroller of the Currency
on competitive factors. 1/
If Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982, No. 10
- 4 ACTIONS OF THE BOARD-Continued
St. Louis
Citizens Union Bank of Shelbyville, Shelbyville, Kentucky,
proposed merger with CUB Bank I n c . , Shelbyville, Kentucky;
report t o the Federal Deposit Insurance Corporation on
competitive f a c t o r s . 1J
San
Francisco
Commercial Interim Bank, Salem, Oregon, proposed merger with
the Commercial Bank, Salem, Oregon, under the charter and
t i t l e of the l a t t e r ; report to the Federal Deposit Insurance
Corporation on competitive f a c t o r s . JJ
Chicago
F i r s t Charleston National Bank, Charleston, I l l i n o i s , proposed
merger with The Charleston National Bank, Charleston, I l l i n o i s ,
under the charter of F i r s t Charleston National Bank, and t i t l e
of The Charleston National Bank; report t o the Comptroller
of the Currency on competitive fa cto rs. IJ
Richmond
F i r s t National Bank of South Carolina, Columbia, South Carolina,
proposed merger with The Peoples National Bank of Chester,
Chester, South Carolina; report to the Comptroller of the
Currency on competitive factors. 1/
San
Francisco
F i r s t Pacific Merger Co., Los Angeles, C a l i f o r n i a , proposed merger
with F i r s t Pacific Bank, Los Angeles, C a l i f o r n i a , under t i t l e
and charter of the l a t t e r ; report to the Federal Deposit
Insurance Corporation on competitive fa cto rs. 1/
Boston
FirstBank, N.A., Farmington, Maine, proposed merger with Washburn
Trust Company, Washburn, Maine and Houlton Trust Company,
Houlton, Maine; report t o the Comptroller of the Currency on
competitive f a c t o r s . 1/
San
Francisco
Fresno Subsidiary Co., Fresno, C a l i f o r n i a , proposed merger with
Bank of Fresno, Fresno, C a l i f o r n i a , under the charter and
t i t l e of the l a t t e r ; report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . J_/
Atlanta
Gulf South Bank and Trust Company, Gretna, Louisiana, proposed
merger with New Gulf South Bank and Trust Company, Gretna,
Louisiana; report to the Federal Deposit Insurance Corporation
on competitive f a c t o r s . \J
Dallas
New Chase National Bank, Austin, Texas, proposed merger with
Chase National Bank, Austin, Texas; report t o the Comptroller
of the Currency on competitive f a c t o r s . 1/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2. 1982 No. 10
- 5
ACTIONS OF THE BOARD-Continued
Chicago
Quad C i t i e s Interim National Bank, Rock Island, Rock Island,
I l l i n o i s , proposed merger with F i r s t National Bank of
Quad C i t i e s , Rock Island, I l l i n o i s , under the charter of
Quad C i t i e s Interim National Bank and t i t l e of F i r s t
National Bank of the Quad C i t i e s ; report to the Comptroller
of the Currency on competitive f a c t o r s . 1/
San
Francisco
Santa Barbara Merger Company, Santa Barbara, C a l i f o r n i a ,
proposed merger with Santa Barbara Bank and Trust,
Santa Barbara, C a l i f o r n i a ; under the t i t l e and charter of
the l a t t e r ; report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . y
Chicago
Third National Bank of Kankakee, Kankakee, I l l i n o i s , proposed
merger with City National Bank of Kankakee, Kankakee, I l l i n o i s ,
under the charter of Third National Bank of Kankakee and
t i t l e of City National Bank of Kankakee; report to the
Comptroller of the Currency on competitive f a c t o r s , y
San
Francisco
TriCo Merger Co., Chico, C a l i f o r n i a , proposed merger with T r i Counties Bank, Chico, C a l i f o r n i a , under the charter and t i t l e
of the l a t t e r ; report to the Federal Deposit Insurance
Corporation on competitive fa cto rs. 1/
Chicago
United Community Bank, Way!and, Michigan, proposed merger with
UCB Bank, Way!and, Michigan, under the charter of United
Community Bank and t i t l e of United Community Bank; report
t o the Federal Deposit Insurance Corporation on competitive
f a c t o r s . 1/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 10
- 6 ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
New York
Approved
Guaranty Trust Company of New York, New York, New York. To
establish a branch at 9 West 57th Street, (8th F l o o r ) ,
New York, New York. J /
Chicago
Wayne Bank and Trust Co., Cambridge C i t y , Indiana. To
establish a branch at One Waytru Plaza (6th and South A
S t r e e t ) , Richmond, Indiana. V
Chicago
Wayne Bank and Trust Co., Cambridge C i t y , Indiana. To
establish a branch at 4403 East Main Street, Richmond,
Indiana, y
Dallas
V i c t o r i a Bank 8 Trust Company, V i c t o r i a , Texas. To est a b l i s h and use an o f f s i t e electronic f a c i l i t y located
on west side of parking l o t of Wal-Mart Discount Store,
8402 H a l l e t t s v i l l e Highway, V i c t o r i a , Texas. V
To Merge Pursuant t o Section 18(c) of the Federal Deposit
Insurance Act
New York
Cleveland
Approved
F i d e l i t y Union Bank, Newark, New Jersey, to merge F i d e l i t y
Union Bank, N.A., Red Bank, and F i d e l i t y Union Bank, N.A.,
Garden State, Paramus, New Jersey. 1/
The FTB Sixth Bank, Fairborn, Ohio, t o merge with The Farmers
and Merchants Bank, Fairborn, Ohio. \J
To Become a Member of the Federal Reserve System Pursuant
t o Section 9 of the Federal Reserve Act
Cleveland
The FTB Sixth Bank, Fairborn, Ohio. V
Philadelphia
The Philadelpia Bank (Delaware), Wilmington, Delaware. \J
\J Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 10
- 7 ACTIONS OF THE BOARD-Continued
Issued Intent t o Disapprove Change of Control Pursuant
t o Change i n Control Act of 1978
St. Louis
Disapproved
F i r s t United Bancshares, I n c . , B e l l e v i l l e , I l l i n o i s . 1/
*
*
*
*
*
Applications and N o t i f i c a t i o n s for International Investments
and Other Actions Pursuant to Section 25 and 25(a) of the
Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of
the Bank Holding Company Act of 1956, as amended
Boston
Approved
Industrial National Corporation, Providence, Rhode Island:
grants consent to purchase and hold, d i r e c t l y or i n d i r e c t l y ,
Incorp Financial N.V., Curacao, Netherlands A n t i l l e s .
New York
Banco Commercial e Industria de Sao Paulo, S.A., Sao Paulo,
B r a z i l : grants consent to establish an Edge Act Corporation
in Houston Texas to be named Comind International Banking
Corporation.
San
Francisco
F i r s t Interstate Overseas Investment, I n c . , Los Angeles,
C a l i f o r n i a , and Edge Act subsidiary of F i r s t Interstate Bank
of C a l i f o r n i a , Los Angeles, C a l i f o r n i a : approved amendment
to i t s A r t i c l e s of Association t o increase i t s capital stock.
(3/2/82) J /
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
New York
Approved
Broad National Bancorporation, Newark, New Jersey, for approval
to acquire 100 percent of the voting shares of the successor
by merger to Broad National Bank, Newark, New Jersey. 1/
New York
Global Bancorporation, New York, New York, for approval to acquire
100 percent of the voting shares of Global Union Bank, New York,
New York. 1/
Philadelphia
F i r s t Eastern Corp., Wilkes-Barre, Pennsylvania, f o r approval
to acquire 100 percent of the voting shares of F i r s t Eastern
Bank, Wilkes-Barre, Pennsylvania. 1/
1/
Application processed on behalf of the Board of Goverors under delegated
authority.
H.2, 1982 No. 10
-
8
-
ACTIONS OF THE BOARD-Continued
Atlanta
A.B.T. Corporation, Savannah, Georgia, f o r approval to acquire
100 percent of the voting shares of A t l a n t i c Bank and Trust
Company, Savannah, Georgia. _!/
Atlanta
Community Bancshares, I n c . , Dothan, Alabama, f o r approval
to acquire at least 80 percent of the voting shares of
Bank of Dothan, Dothan, Alabama. \J
Chicago
CBC Bancorp, L t d . , Chicago, I l l i n o i s , f o r approval to acquire
at least 80 percent of the voting shares of Capitol Bank
and Trust of Chicago, Chicago, I l l i n o i s . 1/
Chicago
F i r s t Community Bancorp, I n c . , Rockford, I l l i n o i s , for approval
to acquire 100 percent of the voting shares (less d i r e c t o r s '
q u a l i f y i n g shares) of the successors by merger t o F i r s t
National Bank and Trust Company of Rockford, Rockford, I l l i n o i s ;
North Towne National Bank and Trust Company of Rockford,
Rockford, I l l i n o i s , F i r s t Bank of Roscoe, Roscoe, I l l i n o i s ,
and F i r s t Bank of Loves Park, Loves Park, I l l i n o i s . 1/
Chicago
Merchants Corporation, Chicago, I l l i n o i s , f o r approval to
acquire at least 78.2 percent of the voting shares of
Merchants and Manufactures State Bank, Melrose
Park, I l l i n o i s . 1J
St. Louis
Bay-Hermann Bancshares, I n c . , Hermann, Missouri, f o r approval
to acquire at least 80 percent of the voting shares of BayHermann Bank, Hermann, Missouri. 1_/
St. Louis
DCB Corporation, Jasper, Indiana, for approval to acquire 100
percent of the voting shares of the successor by merger to
Dubois County Bank, Jasper, Indiana. \J
St. Louis
F i r s t Charter Bancshares, I n c . , Springdale, Arkansas, f o r
approval t o acquire at least 80 percent of the voting shares
of F i r s t State Bank, Springdale, Arkansas. \f
St. Louis
Terre Du Lac Bancshares, I n c . , Chesterfield, Missouri, for
approval t o acquire 100 percent of the voting shares of
Bank of Leadwood, Leadwood, Missouri. 1/
Minneapolis
Flag, I n c . , Cambridge, Minnesota, f o r approval to acquire
at least 86 percent of the voting shares of People's
State Bank of Cambridge, Cambridge, Minnesota. \J
Minneapolis
TRAXSHARES, INC., Le Center, Minnesota, for approval to acquire
at least 80.5 percent of the voting shares of The F i r s t
National Bank of Le Center, Le Center, Minnesota.
1/ Application processed on behalf of the Board of Governors under delegated
~ authority.
H.2, 1982 No. 10
- 9 ACTIONS OF THE BOARD-Continued
Minneapolis
Western Holding Company of Wolf Point, Wolf Point, Montana, f o r
approval to acquire 100 percent of the voting shares of
Western National Bank of Wolf Point, Wolf Point, Montana. 1/
Kansas City
Carter Bancshares, I n c . , Carter, Oklahoma, f o r approval t o
acquire at least 80 percent of the voting shares of F i r s t
National Bank of Carter, Carter, Oklahoma. V
Kansas City
F i r s t Carrollton Bancshares, I n c . , C a r r o l l t o n , Missouri, f o r
approval to acquire at least 50.0 percent of the voting
shares of The F i r s t National Bank of C a r r o l l t o n , C a r r o l l t o n ,
Missouri, a proposed new bank. V
Kansas City
Lewellen National Corp., Lewellen, Nebraska, f o r approval to
acquire 80 percent of the voting shares of F i r s t National
Bank of Lewellen, Lewellen, Nebraska. V
Dallas
Benbrook Bancshares, I n c . , Fort Worth, Texas, f o r approval t o
acquire at least 80 percent of the voting shares of Benbrook
State Bank, Benbrook, Texas. 1/
Dallas
Earners and Savers Bancorporation, Galena Park, Texas, for
approval to acquire 100 percent of the voting shares of
Galena Park State Bank, Galena Park, Texas. \J
Dallas
Lubbock Bancorporation, I n c . , Lubbock, Texas, f o r approval to
acquire 90 percent or more of the voting shares of Bank of
the West, Lubbock, Texas. 1/
Dallas
RLG Bancshares N.V., Houston, Texas, f o r approval to acquire
100 percent of the voting shares of F i r s t Western Bancshares,
I n c . , Houston, Texas, and i n d i r e c t l y acquire Western Bank,
and F i r s t Western Bank, both of Houston, Texas. \J
San
Francisco
Aktivbanken A/S, Vejle, Denmark, and Aktiv Bank Holding Company,
Long Beach, C a l i f o r n i a , f o r approval to acquire 100 percent
of the voting shares of National Bank of Long Beach, Long
Beach, C a l i f o r n i a . 1/
San
Francisco
BWC Financial Corp., Walnut Creek, C a l i f o r n i a , f o r approval
to acquire 100 percent of the voting shares of Bank of Walnut
Creek, Walnut Creek, C a l i f o r n i a . 1/
San
Francisco
Trabanc, Salt Lake C i t y , Utah, for approval to acquire 100
percent of the voting shares of Tracy Bancorp, Salt Lake
C i t y , Utah, and i n d i r e c t l y acquire Tracy-Collins Bank & Trust
Company, Salt Lake C i t y , Utah. \ J
\J Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 10
- 10 ACTIONS OF THE BOARD-Continued
San
Francisco
Washington Community Bancshares, I n c . , Tacoma, Washington, for
approval to acquire 100 percent of the voting shares of
Western Community Bank, N.A., Tacoma, Washington, successor
by merger t o Western Community Bank, Tacoma, Washington.
1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
3(a)(3) of the Bank Holding Company Act of 1956
New York
Approved
Greater Jersey Bancorp., West Paterson, New Jersey, f o r
approval to acquire 100 percent of the voting shares of
Anthony Wayne Bank, Wayne Township (P.O. Wayne), New Jersey. J7
Philadelphia
Philadelphia National Corporation, Philadelphia, Pennsylvania,
f o r approval to acquire 100 percent of the voting shares
(less d i r e c t o r s ' q u a l i f y i n g shares) of The Philadelphia Bank
(Delaware), New Castle County, Delaware, a proposed new bank. 1/
Cleveland
F i f t h Third Bancorp, Cincinnati, Ohio, f o r approval to acquire
100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g
shares) of the successor by merger to The Farmers and
Merchants Bank, Fairborn, Ohio. J /
Minneapolis
Bank Shares Incorporated, Minneapolis, Minnesota, f o r approval
t o acquire 100 percent of the voting shares of The Farmers
and Mechanics Savings Bank of Minneapolis, Minneapolis,
Minnesota. 1/
* * * * *
To Expand a Bank Holding Company Pursuant to Section 3(a)(5)
of the Bank Holding Company Act of 1956
Dal las
Approved
I n t e r F i r s t Corporation (formerly F i r s t International Bancshares,
I n c . ) , Dallas, Texas, f o r approval to acquire 100 percent of
the voting shares of the successor by merger to Austin
Bancshares Corporation, Austin, Texas.
\ f Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 10
- 1 1 -
ACTIONS OF THE BOARD-Continued
To Expand a Bank Holding Company Pusuant to Section
4 ( c ) ( 8 ) of the Bank Holdig Company Act of 1956
New York
Approved
C i t i c o r p , New York, New York, f o r approval to engage through
a subsidiary, Citicorp Government Securities, I n c . , in
underwriting and dealing in obligations of the United States,
obligations of various States and t h e i r p o l i t i c a l subdivisions
and c e r t a i n money market instruments. \J
New York
C i t i c o r p , New York, New York, f o r approval to retain d i r e c t or
i n d i r e c t ownership of i t s subsidiary, Citicorp Banking
Corporation, Wilmington, Delaware, a f t e r CBC establishes
branches i n Nassau and Luxembourg t o engage in certain
commercial banking a c t i v i t i e s . \J
Kansas City
Citizens National Corporation, Wisner, Nebraska, for approval
to acquire 100 percent of the voting shares of Chandler
Leasing, I n c . , Omaha, Nebraska. V
Kansas City
Lewellen National Corp., Lewe11 en, Nebraska, f o r approval to
engage in the sale of general insurance through the
acquisition of C-J Insurance Agency, Lewellen, Nebraska. \J
Kansas City
Met-State Corporation, Brighton, Colorado, f o r approval to
acquire 100 percent of the voting shares of Metropolitan
State I n d u s t r i a l Bank, Commerce C i t y , Colorado, and to have
t h i s subsidiary operate as an i n d u s t r i a l bank and s e l l
insurance that i s d i r e c t l y related to an extension of c r e d i t . 1/
Boston
Delayed
F i r s t National Boston Corporation, Boston, Massachusetts,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( ( i )
providing bookeeping and data processing services f o r the
internal operation of a single named bank and ( i i ) storing
and processing banking, fi n a n ci a l or related data (including
demand deposit, savings, d i r e c t and i n d i re ct installment
loans, commercial loans, mortgages, general ledger and
central information accounting) f o r such bank and i n d i r e c t l y
for i n s t i t u t i o n s who may enter into a data processing agreement
with such bank) at 101 East Flagler Street, Miami, Florida,
serving the State of F l o r i d a , through i t s subsidiary, FBC,
Inc. (3/4/82) 3/
\ J Application processed on behalf of the Board of Governors under delegated
authority.
/ 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, 1982 No. 10
-
12 -
ACTIONS OF THE BOARD-Continued
Dallas
New York
South Texas Bancshares, I n c . , Beeville, Texas, n o t i f i c a t i o n of
intent t o engage i n de novo a c t i v i t i e s (operating as a credit
reinsurance company and w i l l assume c r e d i t l i f e and d i s a b i l i t y
insurance business d i r e c t l y related to i t s extensions of
c r e d i t ) at 100 South Washington, B e e v i l l e , Texas and 103
North Highway 359, Mathis, Texas, the geographic areas to be
served w i l l be Bee and San P a t r i c i a Counties, through i t s
subsidiary, South Texas Bankers L i f e Insurance Company (3/4/82) 3/
Permitted
Chemical New York Corporation, New York, New York, requests
permission to establish a t r u s t company engaging in the
following a c t i v i t i e s (acting as a t r u s t company, including
acting as trustee and executor, and o f f e r i n g investment
advice to customers) at 249 Royal Palm Way, Palm Beach,
F l o r i d a , serving the town of Palm Beach and the surrounding
towns of J u p i t e r , Tequesta, Juan Beach, Riviera Beach, West
Balm Beach, A t l a n t i s , Lake Clarke, Lartara, Boynton Beach,
Del ray Beach, Highland Beach and Boca Raton, through i t s
subsidiary, Chemical Trust Company of Florida, N.A. (3/2/82) y
New York
C i t i c o r p , New York, New York, requests permission to expand
the a c t i v i t i e s of an existing o f f i c e to include (the
making of loans to individuals and businesses to finance
the purchase of mobile homes, modular units or related
manufactured housing, together with the real property
to which such housing is or w i l l be permanently a f f i x e d ,
such property being used as security for the loans) at 1425
West Pioneer, Suite 255, I r v i n g , Texas, t h i s a c t i v i t y w i l l
serve the e n t i r e State of Texas, through i t s subsidiary,
C i t i c o r p Acceptance Company, Inc. (3/5/82) y
New York
C i t i c o r p , New York, New York, requests permission to expand
the a c t i v i t i e s of an existing o f f i c e to include (the
making of loans to individuals and businesses to finance
the purchase of mobile homes, modular units or related
manufactured housing, together with the real property to
which such housing is or w i l l be permanently a f f i x e d ,
such property being used as security for the loans) at 4630
50th S t r e e t , Lubbock Square Office Tower, Suite 406, Lubbock,
Texas, t h i s a c t i v i t y w i l l serve the e n t i r e State of Texas,
through i t s subsidiary, Citicorp Acceptance Company, Inc.
(3/5/82) 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, 1982 No. 10
- 13 ACTIONS OF THE BOARD-Continued
New York
C i t i c o r p , New York, New York, requests permission t o expand
the a c t i v i t i e s and service area of an e x i s t i n g o f f i c e
engaging in (the making, acquiring and servicing of second
liens on residential real estate; and the sale of c r e d i t
related l i f e and accident and health or decreasing or
level ( i n the case of single payment loans) term l i f e
insurance by licensed agents or brokers, as required; the
new a c t i v i t i e s in which the o f f i c e proposes to engage de
novo are: the making or acquiring of loans and other
extensions of c r e d i t , secured or unsecured, f o r consumer
and other purposes; the extension of loans to dealers
f o r the financing of inventory ( f l o o r planning) and working capital purposes; the purchasing and servicing f o r
i t s own account of sales finance contracts; the sale
of consumer oriented f i n a n c i a l management courses; and
the servicing, f o r any person, of loans and other extensions of c r e d i t ; the previously approved service area
of the o f f i c e i s comprised of the e n t i r e State of Ohio
f o r a l l previously approved a c t i v i t i e s ; the service area
for a l l aforementioned previously approved and proposed
a c t i v i t i e s would be expanded to include the the e n t i r e
States of Ohio and Indiana; c r e d i t related l i f e , accident
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 Citicorp Personto-Person Mortgage Corporation) at Rockside Office Plaza
Building, Suite 105, 1440 Snow Road, Independence, Ohio,
through i t s subsidiary, C i t i c o r p Person-to-Person Mortgage
Corporation (3/5/82) 3/
New York
C i t i c o r p , New York, New York, requests permission to expand
the a c t i v i t i e s and service area of an e x i s t i n g o f f i c e
engaging in (the making, acquiring and servicing of second
liens on residential real estate; and the sale of c r e d i t
related l i f e and accident and health or decreasing or
level ( i n the case of single payment loans) term l i f e
insurance by licensed agents or brokers, as required; the
new a c t i v i t i e s in which the o f f i c e proposes to engage de
novo are: the making or acquiring of loans and other extensions of c r e d i t , secured or unsecured, for consumer and
other purposes; the extension of loans to dealers f o r the
financing of inventory ( f l o o r planning) and working capital
purposes; the purchasing and servicing for i t s own account
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, 1982 No. 10
- 14 ACTIONS OF THE BOARD-Continued
of sales finance contracts; the sale of consumer oriented
f i n a n c i a l management courses; and the servicing, for any
person, of loans and other extensions of c r e d i t ; the
previously approved service area of the o f f i c e is comprised
of the e n t i r e State of Ohio f o r a l l previously approved
a c t i v i t i e s ; the service area f o r a l l aforementioned
previously approved and proposed a c t i v i t i e s would be
expanded t o include the entire States of Ohio and Indiana;
c r e d i t related l i f e , accident 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 Citicorp Person-to-Person Mortgage Corporation)
at Executive Plaza I , 144 Merchant Street, Springdale,
Ohio, through i t s subsidiary, Citicorp Person-to-Person
Mortgage Corporation (3/5/82) 2J
New York
C i t i c o r p , New York, New York, requests permission t o expand
the a c t i v i t i e s of an existing o f f i c e t o include (the making of loans to individuals and businesses to finance the
purchase of mobile homes, modular units or related manufactured housing, together with the real property to which
such housing is or w i l l be permanently a f f i x e d , such property being used as security for loans) at 12400 1-45, Greens
Road, Suite 209, Houston, Texas, t h i s a c t i v i t y w i l l serve
the e n t i r e State of Texas, through i t s subsidiary, Citicorp
Acceptance Company, Inc. (3/4/82) ZJ
New York
C i t i c o r p , New York, New York, requests permission to expand
the service areas of an o f f i c e of each of two subsidiaries,
C i t i c o r p Person-to-Person Mortgage Corporation ("CPMC")
and C i t i c o r p Person-to-Person Financial Center, Inc.
("CPFC") engaging in the following a c t i v i t i e s (the making
or acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, f o r consumer and other purposes;
the extension of loans to dealers f o r the financing of
inventory ( f l o o r planning) and working capital purposes;
the purchasing and servicing f o r i t s own account of sales
finance contracts; the sale of credit related l i f e and
accident and health or decreasing or level ( i n the case
of single payment loans) term l i f e insurance by licensed
agents or brokers, as required; the sale of c r e d i t related property and casualty insurance protecting real
and personal property subject to a security agreement
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, 1982 No.
- 15 ACTIONS OF THE BOARD-Continued
with e i t h e r CPMC or CPFC t o the extent permissible under
applicable State insurance laws and regulations; the
sale of consumer oriented financial management courses;
servicing, f o r any person, of loans and other extensions
of c r e d i t ; the proposed expanded service area of the
o f f i c e would be comprised of the e n t i r e State of Ohio
f o r a l l the aforementioned a c t i v i t i e s ; c r e d i t related
l i f e , accident 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
CPMC and CPFC) at 2003 Morse Road, Columbus, Ohio
through i t s subsidiaries, Citicorp Person-to-Person
Mortgage Corporation and Citicorp Person-to-Person
Financial Center, Inc. (3/4/82) 3/
Philadelphia
Philadelphia National Corporation, Philadelphia, Pennsylvania, n o t i f i c a t i o n of intent t o engage in de novo
a c t i v i t i e s (the o r i g i n a t i o n of FHA, VA and conventional
residential mortgage loans) at 4 Kings Highway East,
Haddonfield, New Jersey and 76 Prospect Street, Newark,
New Jersey, serving New Jersey and Pennsylvania, through
i t s subsidiary, Colonial Mortgage Service Company Associates,
Inc. (a Pennsylvania Corporation) (3/2/82) y
Philadelphia
Philadelphia National Corporation, Philadelphia, Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (the s o l i c i t a t i o n and making of loans secured
by accounts receivable, inventory, machinery and equipment and/or other commercial finance c o l l a t e r a l from and
t o businesses and corporations located in the States of
New York, Ohio and Pennsylvania) at 2430 Bowen Road,
Elma, New York, serving New York, Ohio and Pennsylvania,
through i t s i n d i r e c t subsidiary, Congress Financial Corporati
(a Calif ornia Corporation) (3/2/82) y
Chicago
Continental I l l i n o i s Corporation, Chicago, I l l i n o i s , n o t i f i cation of intent to engage in de novo a c t i v i t i e s (making
or acquiring, for i t s own account or f o r the account of
others, secured and unsecured loans and other extensions
of c r e d i t t o or f o r business, governmental and other
customers, and servicing such loans and other extensions
of c r e d i t ) at 515 Flower Street, Los Angeles, C a l i f o r n i a ,
the area t o be served is the State of C a l i f o r n i a , through
i t s wholly-owned subsidiary, Continental I l l i n o i s Commercial
Corporation (3/1/82) 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 .
a
H.2, 1982 No. 10
-
16 -
ACTIONS OF THE BOARD-Continued
San
Francisco
Banque National De Paris, Paris, France, n o t i f i c a t i o n of
intent t o engage i n 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 , secured
or unsecured (other than consumer loans); commercial
financing, including revolving c r e d i t s secured by
inventory, accounts receivable or other assets; lease
financing and making leases of personal property in
accordance with the Board's Regulation Y; issuing
commercial l e t t e r s of c r e d i t ; servicing loans; purchasing
loan and lease p o r t f o l i o s from other finance companies and
lenders; purchasing and s e l l i n g loan p a r t i c i p a t i o n s ;
and providing information and representation services)
at One Allen Center, Houston, Texas, serving the States
of Texas, New Mexico, Oklahoma, Colorado, Arkansas and
Louisiana, through i t s subsidiary, BNP Finance (Houston)
Corporation (3/2/82) 3/
2 / 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 .
- 17 -
H.2, 1982 No. 10
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant t o Section
9 of the Federal Reserve Act
Cleveland
The F i f t h Third Bank, Cincinnati, Ohio. To establish a
branch at 7435 Kingsgate Way, West Chester, Butler
County, Ohio. 2/
Cleveland
AmeriTrust Company, Cleveland, Ohio. To establish a
branch at 4555 Lake Forest Drive, Blue Ash, Hamilton
County, Ohio. 2J
Cleveland
AmeriTrust Company, Cleveland, Ohio. To establish a
customer bank communication terminal branch at 3395
Scranton Road, Cleveland, Cuyahoga County, Ohio. 2J
San
Francisco
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a .
Branch o f f i c e t o be located at 224 North Euclid Avenue,
City of Ontario, San Bernardino County, C a l i f o r n i a . 2J
San
Francisco
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a .
Branch o f f i c e in the v i c i n i t y of the intersection of Citrus
Avenue and East Valley Parkway, City of Escondido, San
Diego County, C a l i f o r n i a . 2]
San
Francisco
Valley Bank of Nevada, Las Vegas, Nevada. Branch o f f i c e to
be located in the Community of Laugh!in, Clark County,
Nevada. 2/
*
*
*
*
*
To Merge Pursuant t o Section 18(c) of the Federal
Deposit Insurance Act
San
Francisco
Guardian State Bank, Salt Lake C i t y , Utah, to merge
with Empire State Bank, Salt Lake C i t y , Utah. 2J
St. Louis
Indiana Sointerim Bank, Sellersburg, Indiana, to merge
with Indiana Southern Bank of Sellersburg, Indiana. 2J
2J Application subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
H.2, 1982 No. 10
-
18 -
APPLICATIONS RECEIVED-Continued
To Become a Member of the Federal Reserve System
Pursuant t o Section 9 of the Federal Reserve Act
Chicago
Third Bank of Dixon, Dixon, I l l i n o i s , y
St. Louis
Indiana Sointerim Bank, Sellersburg, Indiana. 2/
*
*
*
*
*
Applications and N o t i f i c a t i o n s for Internationa Investments
and Other Actions Pursuant to Sections 25 and 25(a) of the
Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of
the Bank Holding Company Act of 1956, as amended
San
Francisco
F i r s t Interstate Overseas Investment, I n c . , Los Angeles,
C a l i f o r n i a , an Edge Act subsidiary of F i r s t Interstate
Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a : application
t o amend i t s A r t i c l e s of Association to increase i t s capital
stock.
San
Francisco
Security Pacific Overseas Corp., an Edge Act subsidiary of
Security Pacific National Bank, Los Angeles, C a l i f o r n i a :
p r i o r n o t i f i c a t i o n of i t s intent t o increase i t s i n d i r e c t
investment in Security Pacific A u s t r a l i a , Limited.
*
*
*
*
*
To Establish an Overseas Branch of a Member Bank
Pursuant t o Section 25 of the Federal Reserve Act
San
Francisco
F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a :
p r i o r n o t i f i c a t i o n of i t s intent to establish a branch in
Madrid, Spain.
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
New York
Letchworth Independent Bancshares Corporation, C a s t i l e ,
New York, f o r approval to acquire at least 81.3 percent of
the voting shares of The Bank of Castile, C a s t i l e , New York. 2/
2/ Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 10
- 19 APPLICATIONS RECEIVED-Continued
Cleveland
F i r s t Ashland Corporation, Ashland, Kentucky, f o r approval to
acquire 100 percent of the voting shares (less d i r e c t o r s '
q u a l i f y i n g shares) of F i r s t Bank and Trust Company,
Ashland, Kentucky. 2J
Richmond
Farmers National Bancorp, Annapolis, Maryland, f o r approval to
acquire 100 percent of the voting shares of Farmers Bank,
National Association, successor by merger to Farmers National
Bank of Maryland, Annapolis, Maryland, and Caroline County
Bank, Greensboro, Maryland. 2J
Richmond
Security National Corporation, Washington, D.C., for approval
to acquire 100 percent of the voting shares of Security
Bank, National Association, the successor by merger to
Security National Bank, Washington, D.C. 2J
Atlanta
Central Capital Corporation, Morton, Mississippi, for approval
t o acquire at least 80 percent of the voting shares of Citizens
Bank 8 Trust Company, Morton, Mississippi. 2/
Atlanta
F i r s t National Bancorp of Rutherford County, I n c . , Smyrna,
Tennessee, f o r approval to acquire at least 80 percent of
the voting shares of The F i r s t National Bank of Rutherford
County, Smyrna, Tennessee. ZJ
Atlanta
F i r s t National Corporation of Picayune, Picaynue, Mississippi,
for approval to acquire at least 80 percent of the voting
shares of F i r s t National Bank of Picayune, Picaynue,
Mississippi. 2J
Chicago
Calumet City Bancorp, I n c . , Calumet C i t y , I l l i n o i s , f o r
approval to acquire 100 percent of the voting shares (less
d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger
t o F i r s t State Bank of Calumet C i t y , Calumet C i t y , I l l i n o i s . 2/
Chicago
CITBA FINANCIAL CORPORATION, Mooresvilie, Indiana, f o r approval
t o acquire 100 percent of the voting shares (less directors'
q u a l i f y i n g shares) of the successor by merger to Citizens
Bank, Mooresvilie, Indiana. 2J
2/
Application subject to Community Reinvestment Act. The Community A f f a i r s
Officer of the applicable Reserve Bank may be contacted as t o the length
of the comment period.
H.2, 1982 No. 10
-
20 -
APPLICATION RECEIVED-Continued
Chicago
F i r s t City Bancshares, I n c . , Dixon, I l l i n o i s , f o r approval
t o acquire 100 percent of the voting shares (less d i r e c t o r s '
q u a l i f y i n g shares) of the successor by merger to City Bank
and Trust Company, Dixon, I l l i n o i s . 2)
Chicago
NBE Bancshares, I n c . , E a r l v i l l e , I l l i n o i s , f o r approval
t o acquire 100 percent of the voting shares (less
d i r e c t o r s ' q u a l i f y i n g shares) of the successor by
merger t o National Bank of E a r l v i l l e , E a r l v i l l e , I l l i n o i s . 2/
Chicago
PLUM GROVE BANCORPORATION, INC., Rolling Meadows, I l l i n o i s ,
f o r approval t o acquire at least 88.9 percent of the voting
shares of Plum Grove Bank, Rolling Meadows, I l l i n o i s . 2/
Chicago
Salem Financial Corporation, Goshen, Indiana, for approval
t o acquire 100 percent of the voting shares (less d i r e c t o r s '
q u a l i f y i n g shares) of the successor by merger to Salem Bank
and Trust Company, Goshen, Indiana. 2/
St. Louis
Caneyvilie Bancshares, I n c . , Canneyville, Kentucky, for
approval t o acquire at least 80 percent of the voting shares
of Bank of Caneyvilie, Caneyvilie, Kentucky. 2J
St. Louis
F i r s t of Murphysboro Corp., Murphysboro, I l l i n o i s , f o r approval
t o acquire at least 80 percent of the voting shares of
The F i r s t Bank and Trust Company of Murphysboro, Murphysboro,
I l l i n o i s . 2J
St. Louis
Indiana Southern Financial Corp., Sellersburg, Indiana, f o r
approval to acquire 100 percent of the voting shares of
Indiana Southern Bank of Sellersburg, Sellersburg, Indiana. 2/
Minneapolis
Financial Services of Lowry, I n c . , Lowry, Minnesota, for
approval t o acquire at least 82 percent of the voting shares
of the Lowry State Bank, Lowry, Minnesota. 2/
Kansas City
Alden Bancshares, I n c . , A!den, Kansas, f o r approval to acquire
at least 85 percent of the voting shares of Alden State Bank,
Alden, Kansas. 2/
Kansas City
Carbondale Bancshares, I n c . , Carbondale, Kansas, for approval
t o acquire at least 80 percent of the voting shares of
State Bank of Carbondale, Carbondale, Kansas. 2/
J7
Application subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
H.2. 1982 No. 10
-
21 -
APPLICATIONS RECEIVED-Continued
Kansas City
City Bancorp of Norman, Inc., Norman, Oklahoma, f o r approval
to acquire at least 80 percent of the voting shares of
City National Bank and Trust Company, Norman, Oklahoma. 2_!
Kansas City
Exchange Financial Corporation, Ardmore, Oklahoma, for approval
to acquire at least 80 percent of the voting shares of
Exchange National Corporation, Ardmore, Oklahoma, and i n d i r e c t l y
acquire 100 percent of the voting shares of The Exchange
National Bank & Trust Company, Ardmore, Oklahoma. 2j
Kansas City
Hudson Bancshares, I n c . , Hudson, Kansas, f o r approval to
acquire at least 80 percent of the voting shares of
Hudson State Bank, Hudson, Kansas. 2/
Kansas City
Kansas State Financial Corporation, Wichita, Kansas, for approval
to acquire at least 99 percent of the voting shares of Kansas
State Bank and Trust Company, Wichita, Kansas. 2/
Kansas City
Longmont National Bankshares, I n c . , Longmont, Colorado, for
approval to acquire 100 percent of the voting shares of
Longmont National Bank, Longmont, Colorado. Zj
Kansas City
Mercantile Bancorp, Inc., Moore, Oklahoma, f o r approval to
acquire 100 percent of the voting shares of Mercantile Bank,
National Association, Moore, Oklahoma. 2J
Kansas City
Overbrook Bancshares, Inc., Overbrook, Kansas, f o r approval
to acquire at least 80 percent of the voting shares of The
First Security Bank, Overbrook, Kansas. 2/
Kansas City
Peoples Bancorp, Inc., Burlington, Kansas, for approval to
acquire at least 80 percent of the voting shares of
The First National Bank of Elk City, Elk City, Kansas. 2J
Dal las
Colonial Bancshares of Greenville, I n c . , Greenville, Texas
for approval to acquire at least 80 percent of the voting
shares of Colonial Bank of Greenville, Greenville, Texas. 2/
Dallas
Delhi Bancshares, I n c . , Delhi, Louisiana, for approval to acquire
at least 80 percent of the voting shares of Guaranty Bank and
Trust Company of Delhi, Delhi, Louisiana. 2J
YJ
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period. 2J
H.2, 1982 No. 10
- 22 -
APPLICATION RECEIVED-Continued
Dal las
National Bancshares, I n c . , Clovis, New Mexico, for approval
to acquire at least 80 percent of the voting shares of F i r s t
National Bank of Clovis, Clovis, New Mexico. 2/
San
Francisco
Area Financial Corporation, Redwood City, California, f o r
approval to acquire 100 percent of the voting shares of
Bay Area Bank, Redwood City, California. 2J
San
Francisco
Canadian Imperial Holdings, Inc., and Canadian Imperial
Holding Company, both of Wilmington, Delaware, f o r approval to acquire 100 percent of the voting shares of
California Canadian Bank, San Francisco, C a l i f o r n i a , and
99.9 percent of the voting shares of Canadian Imperial
Commercial Bank Trust Company, New York, New York. 2J
San
Francisco
Comnercail Bancorp, Salem, Oregon, f o r approval to acquire 100
percent of the voting shares of The Commercial Bank, Salem,
Oregon. 2/
San
Francisco
Santa Barbara Bancorp, Santa Barbara, California, f o r approval
to acquire 100 percent of the voting shares of Santa Barbara
Bank 6 Trust, Santa Barbara, California. 2J
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Cleveland
Huntington Bancshares Incorporated, Columbus, Ohio, f o r
approval to acquire 100 percent of the voting shares of
Union Commerce Corporation, Cleveland, Ohio. 2J
Richmond
First 6 Merchants Corporation, Richmond, Virginia, for
approval to acquire not less than 22 percent and not
more than 35 percent of the voting shares of The Wise
County National Bank, Wise, Virginia. 2/
Atlanta
Peachtree Bancshares, Inc., Atlanta, Georgia, for approval
to acquire 100 percent of the voting shares of Bank of
Woodstock, Woodstock, Georgia. 2/
2/
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 10
- 23 APPLICATIONS RECEIVED-Continued
Chicago
MPSBancorp, I n c . , Mount Prospect, I l l i n o i s , f o r approval
t o acquire 100 percent of the voting shares (less
d i r e c t o r s ' qualifying shares) of To!Iway-Arlington
National Bank of Arlington Heights, Arlington Heights,
I l l i n o i s . 2/
Minneapolis
Bank Shares Incorporated, Minneapolis, Minnesota, f o r approval
t o acqeire 100 percent of the voting shares of The Farmers
and Mechanics Savings Bank of Minneapolis, Minneapolis,
Minnesota. If
Kansas City
Kansas S t a t e Financial Corporation, Wichita, Kansas, f o r
approval t o acquire 100 percent of the voting shares of
Central Financial Corporation, Wichita, Kansas and i n d i r e c t l y
acquire Central Bank and Trust, Wichita, Kansas. 2J
Kansas City
Rock Creek Bancshares, I n c . , Burlington, Kansas, f o r
approval t o acquire 100 percent of the voting shares of
Peoples Bancorp, I n c . , Burlington, Kansas. 7J
Kansas City
United Banks of Colorado, I n c . , Denver, Colorado, for approval
to acquire 100 percent of the voting shares of United Bank
of Cherry Creek, National Association, Denver, Colorado, a
proposed new bank. 2J
Kansas City
United Banks of Colorado, I n c . , Denver, Colorado, f o r approval
to acquire 100 percent of the voting shares of United Bank
of Southwest Plaza, National Association, L i t t l e t o n , Colorado,
a proposed new bank. 2/
To Expand a Bank Holding Company Pursuant t o Section
4 ( c ) ( 8 ) o f the Bank Holding Company Act of 1956
New York
2J
Barclays Bank Limited, London, England, and Barclays Bank
International Limited, London, England, requests permission
t o e s t a b l i s h a de novo o f f i c e engaging in the following
a c t i v i t i e s (marketing commercial loans to customers in
Oregon, Washington and Alaska) at Orbanco Building, Suite
1000, O f f i c e #24, 101 Southwest F i f t h Avenue, Portland,
Oregon, through t h e i r subsidiary, BarclaysAmerican/Business
C r e d i t , Inc. (3/4/82)
Application subject t Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e applicable Reserve Bank may be contacted
as to the length of t h e comment period.
H.2, 1982 No. 10
-24APPL1CAT1UNS RECEIVED-Continued
New York
Chemical New York Corporation, New York, New York, requests
permission to relocate an e x i s t i n g o f f i c e engaging in the
following a c t i v i t i e s (making d i r e c t loans, purchasing
i n s t a l l m e n t sales finance contracts, and making available
t o i t s debtors c r e d i t related insurance, serving the c i t y
of Beachwood and i t s environs) from 16717 Chagrin Boulevard,
Shaker Heights, Ohio to 3681 Green Road, Beachwood, Ohio,
through i t s subsidiary, Sunamerica Corporation (3/3/82)
New York
C i t i c o r p , New York, New York, requests permission to expand
the service area of an e x i s t i n g o f f i c e (the making or
acquiring of loans and other extensions of c r e d i t , secured
or unsecured, f o r consumer and other purposes; the extension
of loans to dealers f o r the financing of inventory ( f l o o r
planning) and working capital purposes; the purchasing and
servicing f o r i t s own account of sales finance contracts;
the sale of c r e d i t related l i f e and accident and health
or decreasing or level ( i n the case of single payment loans)
term l i f e insurance by licensed agents or brokers, as required;
the sale of c r e d i t related property and casualty insurance
protecting real and personal property subject to a security
agreement with Citicorp Person-to-Person Financial Center,
I n c . , t o the extent permissible under applicable State
insurance laws and regulations; the sale of consumer oriented
f i n a n c i a l management courses; and the servicing, for any
person, of loans and other extensions of c r e d i t ; the proposed
expanded service area of the o f f i c e would be comprised of the
e n t i r e States of New Mexico and Texas f o r a l l the aforementioned
a c t i v i t i e s with the exception of the sale of credit related
property and casualty insurance; c r e d i t related l i f e , accident
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 Citicorp Person-to-Person
Financial Center, Inc.) at 109 E. Lohman Street, Las Cruces,
New Mexico, through i t s subsidiary, Citicorp Person-to-Person
Financial Center, Inc. (3/2/82)
New York
C i t i c o r p , New York, New York, requests permission to expand the
service area of an e x i s t i n g o f f i c e (the making or acquiring
of loans and other extensions of c r e d i t , secured or unsecured,
for consumer and other purposes; the extension of loans to
dealers f o r the financing of inventory ( f l o o r planning) and
working c a p i t a l purposes; the purchasing and servicing for
i t s own account of sales finance contracts; the sale of credit
related l i f e and accident and health or decreasing or level
( i n the case of single payment loans) term l i f e insurance by
licensed agents or brokers, as required; the sale of credit
related property and casualty insurance protecting real and
personal property subject to a security agreement with
C i t i c o r p Person-to-Person Financial Center, I n c . , to the
extent permissible under applicable State insurance laws
H.2, 1982 No. 10
- 25 APPLICATIONS RECEIVED-Continued
and regulations; the sale of consumer oriented financial
management courses; and the servicing, f o r any person,
of loans, and other extensions of c r e d i t ; the proposed
expanded service area f o r a l l previously approved a c t i v i t i e s ,
w i t h the exception of the sale of c r e d i t related property
and casualty insurance, shall be comprised of the e n t i r e
State of C a l i f o r n i a ) at 119 North Central Avenue, Glendale,
C a l i f o r n i a , through i t s subsidiary, C i t i c o r p Person-to-Person
Financial Center, Inc. (3/2/82)
New York
European American Bancorp, New York, New York, for approval
to acquire i n d i r e c t l y through i t s subsidiary, Dorman &
Wilson, I n c . , 100 percent of the voting shares of William J.
Gil 1 8 Co., I n c . , Garden C i t y , New York.
New York
Letchworth Independent Bancshares Corporation, New York, New York,
f o r approval t o acquire the shares of Letchworth Ag Credit
Corporation, C a s t i l e , New York, a de novo company to be
engaged in a g r i c u l t u r a l lending.
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission t o establish a de novo o f f i c e engaging in the
following a c t i v i t i e s (arranging, making, or acquiring for
i t s own account or f o r the account of others, consumer loans
and home equity loans such as would be made by a consumer
finance company, servicing such loans and other extensions
of c r e d i t f o r any person, and acting as an agent or broker
f o r the sale of single and j o i n t c r e d i t l i f e and credit
accident and health insurance which is d i r e c t l y related t o
such loans and extensions of c r e d i t , and from which Finance
One Mortgage of North Carolina, I n c . , would engage in the
a c t i v i t i e s of purchasing installment sales finance contracts,
and acting as agent or broker f o r the sale of single and
j o i n t c r e d i t l i f e insurance and c r e d i t accident and health
insurance which i s d i r e c t l y related to such loans and
extensions of c r e d i t ) at 6623 Executive C i r c l e , Suite 102,
Charlotte, North Carolina, serving the following counties:
Mecklenburg, Union, southern I r e d e l , Davidson, western Cabarrus,
Gaston and eastern Lincoln, through i t s subsidiary, Finance
One Mortgage of North Carolina, Inc. (3/4/82)
New York
Ramapo Financial Corporation, Wayne, New Jersey, requests
permission t o establish a de novo o f f i c e engaging in the
following a c t i v i t i e s (making or acquiring leases of personal
property, discounting or rediscounting such leases, making
or acquiring loans or other extensions of c r e d i t such as
would be made by a commercial finance company, including
commercial loans secured by a borrower's inventory,
accounts receivable, or other assets; and servicing such
loans for others i n accordance with the Board's Regulation
Y) at 64 Boonton Road, Wayne, New Jersey, through i t s
subsidiary, Ramapo Trading Corporation (3/5/82)
I
H.2, 1982 No. 10
-
26 -
APPLICATIONS RECEIVED-Continued
Cleveland
Huntington Bancshares Incorporated, Columbus, Ohio, f o r
approval to acquire 100 percent of the voting shares of
Union Commerce Leasing Corporation and Union Capital
Management, Cleveland, Ohio.
Richmond
Maryland National Corporation, Baltimore, Maryland, n o t i f i c a t i o n
of intent to engage in de novo activities (engaging generally
in the business of leasing personal property (including but
not limited to, the leasing or various types of equipment,
machinery, vehicles, transportation equipment, and data
processing equipment and including conditional sales contracts
and chattel mortgages) where the lease i s the functional
equivalent of an extension of credit; originating and
servicing personal property leases as principal or agent;
buying, selling and otherwise dealing in personal property
lease contracts as principal or agent; acting as adviser in
personal property leasing transactions; engaging in the sale,
as agent or broker, of insurance similar in form and intent
to credit l i f e and/or mortgage redemption insurance; engaging
generally in the business of leasing real property where the
lease is the functional equivalent of an extension of c r e d i t ;
originating real property leases as principal or agent;
servicing real property leases for a f f i l i a t e d or n o n a f f i l i a t e d
individuals, partnerships, corporations or other e n t i t i e s ;
buying, selling and otherwise dealing in real property leasing
transactions; engaging generally in commercial lending
operations including, but not limited t o , secured and unsecured
connerical loans and other extensions of credit to commercial
enterprises; and acting as advisor or broker in commercial
lending transactions) at 24301 Southland Drive, Suite 611,
Hayward, California and 15250 Ventura Boulevard, Suite 508,
Sherman Oaks, California, through its subsidiary, Maryland
National Leasing Corporation (3/5/82)
Richmond
Southern Bancorporation, I n c . , Greenville, South Carolina, for
approval to acquire the assets of Family Budget Finance of
Tifton, Inc., Tifton, Georgia.
Richmond
Southern Bancorporation, Inc., Greenville, South Carolina,
notification of intent to engage in de novo activities
(making extensions of credit as a licenses consumer finance
lender) at 603 North Saint Mary's Street, Suite 104, San Antonio,
Texas, through its subsidiary, World Acceptance Corporation (3/3/82)
Atlanta
First National Bank of Palm Beach, Incorporated, Palm Beach,
Florida, notification of intent to engage in de novo activities
(making or acquiring, for i t s own account or for the account
of others, loans; servicing loans; acting as investment or
financial adviser to the extent of providing portfolio investment advice to other persons, including real estate investment
I
H.2, 1982 No. 10
-27APPL1CAT0NS RECEIVED-Continued
advice to such Bank's clients; and leasing real property,
or acting as agent, broker or adviser in leasing such
property, for the Bank and for others) at 4600 North
Ocean Boulevard, Boynton Beach, Florida, servicing the
southern half of the State of Florida, through its subsidiary, Palm Beach National Corporation (3/3/82)
Chicago
Harris Bankcorp, I n c . , Chicago, I l l i n o i s , notification of
intent to engage in de novo activities (nondeposit t r u s t
company Including activities of a fiduciary, investment
advisory, agency or custodian nature) at 501 South Flagler
Drive, West Palm Beach, Florida, the geographic area to be
served w i l l primarily be Palm Beach County, and secondarily,
the entire State of Florida, through its subsidiary, Harris
Trust Company of Florida (2/19/82)
Chicago
Northern Trust Corporation, Chicago, I l l i n o i s , n o t i f i c a t i o n
of intent to directly engage in de novo activities (making
or acquiring, for i t s own account or for the account of
others, loans and other extensions of credit) the geographic
area to be served w i l l be the 50 States of the United States
and foreign countries (2/19/82)
St. Louis
Caneyville Bancshares, Inc., Caneyville, Kentucky, for approval
to acquire 100 percent ownership of Caneyville Insurance
Agency, I n c . , Caneyville, Kentucky, (currently a nonoperating
corporation) and thereby engage indirectly in certain
insurance agency a c t i v i t i e s .
Kansas City
Commerce Financial Corporation, Topeka, Kansas, notification of
intent to engage in de novo activities (acting as insurance
agent or broker in the sale of credit-related insurance) at
4900 West 29th Street, Topeka, Kansas, the geographic area to
be served includes the County of Shawnee and surrounding
counties, through its subsidiary, Comco Financial Service
Centers, Inc. (3/4/82)
Kansas City
Mid-Nebraska Bancshares, Inc., Ord, Nebraska, f o r approval to
acquire Ord Insurance, Inc., Ord, Nebraska, and engage
d i r e c t l y , in the sale of general insurance in a community with
a population of 5,000 or less.
San
Francisco
BSD Bancorp, Inc., San Diego, California, n o t i f i c a t i o n of intent
to engage in de novo activities (data processing and transmission services; such activities w i l l include, but not be
limited t o , proof; data capture, balancing and transmission
to an independent data processor; check f i l i n g , statement
preparation and mailing; and provisions of pick-up and
delivery of items processed to and from the client banks) in
San Diego, California, serving the county of San Diego,
California, through its subsidiary, BSD Datacorp, Inc. (a
California Corporation) (2/25/82)
#
H.2, 1982 No. 10
- 2 8 -
APPLICATIONS RECEIVED-Continued
San
Francisco
BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i cation of intent t o engage i n de novo a c t i v i t i e s (making
or acquiring f o r i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a
finance companys servicing loans and other extensions of
c r e d i t , and o f f e r i n g credit related l i f e insurance and
c r e d i t related accident and health insurance; c r e d i t related property insurance w i l l include, but not be limited
t o , making consumer installment loans; purchasing i n s t a l l ment sales finance contracts; making loans and other extensions of c r e d i t t o small businesses; making loans secured
by real and personal property; and o f f e r i n g credit related
l i f e and c r e d i t related accident and health insurance
d i r e c t l y related to extensions of c r e d i t made or acquired
by FinanceAmerica Corporation) at 150 Morris Avenue, Springf i e l d , Union County, New Jersey, serving the entire State
of New Jersey, through i t s i n d i r e c t subsidiary, FinanceAmerica Corporation (a New Jersey Corporation) (2/26/82)
San
Francisco
Canadian Imperial Bank of Commerce, Toronto, Canada, to engage
i n d i r e c t l y in leasing a c t i v i t i e s through a de novo subsidiary,
Canadian Imperial Leasing Company, t o be incorporated in
I l l i n o i s and wholly-owned by Canadian Imperial Service
Company.
San
Francisco
Seafirst Corporation, Seattle, Washington, n o t i f i c a t i o n of intent
to engage i n 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 including commercial loans secured
by a borrower's inventory, accounts receivable, capital
equipment or other assets; servicing loans; and leasing personal
property) at 5940 East 20th Street, Anchorage, Alaska, serving
the State of Alaska and an o f f i c e in Minneapolis, Minnesota,
serving the State of Minnesota, through i t s subsidiary, Seafirst
Commercial Corporation (3/2/82)
San
Francisco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making
or acquiring f o r i t s own account or for the account of others,
loans and extensions of c r e d i t , including making consumer
installment personal loans, purchasing consumer installment
sales finance contracts, making loans to small businesses and
other extensions of c r e d i t such as would be made by a
factoring company or a consumer finance company, and acting
as broker or agent for the sale of credit l i f e , accident and
health insurance) at The Home Office Building, 6900 East
Camel back Road, Scottsdale, Arizona, serving the State of
Arizona, through i t s subsidiary, Security Pacific Finance
Corp. (3/6/82)
•
H.2, 1982 No. 10
e
- 29 APPLICATIONS RECEIVED-Continued
San
Francisco
U.S. Bancorp, n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making, acquiring and servicing of loans and
other extensions of c r e d i t , e i t h e r secured or unsecured, for
i t s own account or f o r the account of others including, but
not l i m i t e d t o , commercial, consumer loans; instalment sales
contracts and other forms of receivables; issuing passbook
and investment c e r t i f i c a t e s ; making investments as permitted
by Colorado Revised Statutes, 11-22-101 to 11-22-517; and
acting as insurance agent with regard to credit l i f e and
d i s a b i l i t y insurance, solely in connection with extensions
of c r e d i t by Citizens Aurora) at the northeast corner of
East I l e f f and South Peri a Streets i n Aurora, Colorado,
through i t s subsidiary, Citizens Aurora Industrial Bank
(3/3/82)
*
*
*
*
*
REPORTS RECEIVED
Ownership Statement Filed Pursuant to Section 13(d) of
the Securities Exchange Act
Bank of Burlington, Burlington, Wisconsin
(Filed by Evelyn U. Burchard)
(Filed by Thomas C. Burchard)
Chemung Canal Trust Company, Elmira, New York
(Filed by Robert E. Dalrymple)
Continental Bank and Trust Company, S p r i n g f i e l d , Virginia
(Filed by Rex M. Phares)
*
*
*
*
*
PETITIONS FOR RULEMAKING
None.
@FedFRASER