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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1986, No. 10 Actions of the Board Applications and Reports Received During the W e e k Ending M a rch 8, 1986 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Rates, discount, Board approved a reduction in the discount rate from 7-1/2 to 7 percent, effective immediately. N ew York Bankers Trust N e w York Corporation, N ew York, N ew York — extension of time to February 2, 1987, within which to complete its investment in Bankers Trust International Trading Corporation. 1/ N ew York Maplewood Bank and Trust Company, Maplewood, Ne w Jersey — investment in bank premises. 1/ Philadelphia The First National Bank of Saxton, Saxton, Pennsylvania, proposed merger with FNBS National Bank, under the charter of the latter and with the title of the former — report to the Comptroller of the Currency on competitive factors. 1/ Philadelphia First Pennsylvania Corporation, Philadelphia, Pennsylvania — extension of time to June 15, 1986, within which to consummate the proposal to engage de novo in securities brokerage through First Pennsylvania Investments C o m p a n y . 1/ Richmond Harford National Bank, Aberdeen, Maryland, proposed acquisition of assets and assumption of the liability to pay deposits made in Enterprise Building and Loan Association of Harford County — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 10 2 ACTIONS OF THE BOARD - Continued Richmond The Business Bank, Vienna, Virginia — extension of time to October 1, 1986, within which to withdraw from membership in the Federal Reserve System. 1/ Atlanta American National Financial Corporation, Panama City, Florida — extension of time to June 11, 1986, within which to become a bank holding company through acquisition of the American National Bank. 1/ Atlanta First Banccrossville, Inc., Crossville, Tennessee — extension of time to May 24, 1986, within which to become a bank holding company through acquisition of The First National Bank of Crossvile, Inc. 1/ Atlanta First National Bank, Brewton, Alabama, proposed merger with Brewton Interim Bank, N.A. — report to the Comptroller of the Currency on competitive factors. 1/ Atlanta First National Bank, Scottsboro, Alabama, proposed merger with FNS Interim Bank, N.A. — report to the Comptroller of the Currency on competitive factors. 1/ Chicago South Ottumwa Bancshares, Inc., Ottumwa, Iowa — ■ extension of time within which to become a bank holding company through acquisition of 80 percent of the voting shares of South Ottumwa Savings Bank. 1/ Denied Chicago Davenport Bank and Trust Company Davenport, Iowa — investment in bank premises. 1/ Chicago 1st Bank, South Bend, Indiana — in bank premises. 1/ Chicago NBD Bancorp, Inc., Detroit, Michigan — extension of time to May 28, 1986, within which to engage de novo through NBD Securities, Inc., in discount securities brokerage, tax exempt securities, and money market instruments, nationwide. 1/ Chicago The Commercial Bank, Chilton, Wisconsin, proposed merger with Valley Chilton Interim Bank, under the charter and title of the former — report to the Federal Deposit 1/ investment A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Boa r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 10 3 ACTIONS OF THE BOARD - Continued Insurance Corporation on c o m p e t i t i v e factors. 1/ Chicago I n t e r i m Bank, G e n o a City, W i s c onsin, p r o p o s e d m e r g e r w i t h C i t i z e n s State Bank, u n d e r the charter of the state of Wisconsin and title of Citizens State Bank — r e p o r t to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/ Chicago U S A F i r s t r u s t , Inc., O g l e s b y , I l l i n o i s — e x t e n s i o n o f t i m e t o J u n e 4, 1986, w i t h i n whi c h to become a bank holding company t h r o u g h t h e a c q u i s i t i o n o f 100 p e r c e n t o f t h e v o t i n g s h a r e s o f t h e s u c c e s s o r b y m e r g e r to F i r s t N a t i o n a l B a n k o f O g l e s b y . 1/ St. Louis M e r c a n t i l e B a n k o f S o u t h C o u n t y , N. A . St. Louis, Missouri, proposed merger with M e r c a n t i l e B a n k o f N o r t h w e s t C o u n t y , N. A . — r e p o r t to the C o m p t r o l l e r of the C u r r e n c y on c o m p e t i t i v e f a c t o r s . 1/ St. Louis National Commerce Bancorporation, Memphis, Tennessee — e x t e n s i o n o f t i m e t o M a y 29, 1986, w i t h i n w h i c h t o o p e n N B C K n o x v i l l e Bank, Knoxville, Tennessee, a de novo bank ( f o r m e r l y K n o x v i l l e B a n k & T r u s t ) . 1/ St. Louis Commerce Bank of Springfield, Springfield, Missouri, proposed merger with Commerce Bank o f Bolivar, N.A., Bolivar, M i s s o u r i — report to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n o n c o m p e t i t i v e f a c t o r s . 1/ St. Louis 1st B a n c o r p Vienna, Vienna, Illinois — e x t e n s i o n o f t i m e t o J u n e 8, 1986, w i t h i n w h i c h to b e c o m e a b a n k h o l d i n g co m p a n y t h r o u g h the ac q u i s i t i o n of Fir s t State Bank o f V i e n n a . 1/ Kansas City Kansas City 1/ C h e m i c a l Bank, S w e e t Spring, i n v e s t m e n t in b a n k p r e m i s e s . Missouri 1/ — United Missouri Bank of Brookfield, Brookfield, Missouri, proposed merger with U nited Missouri Bank of Linn County, Linneus, Missouri, und e r the charter of Unit e d Miss o u r i Ban k of Brookfield and w i t h the title of United Missouri Bank North Central A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 10 4 ACTIONS OF THE BOARD - Continued — r e p o r t to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n o n c o m p e t i t i v e f a c t o r s . 1/ Kansas City San Fr a n c i s c o San Francisco 1/ U n i t e d Banks of Colorado, Inc., Denver, Colorado — e x t e n s i o n o f t i m e t o M a y 27, 1986, w i t h i n w h i c h t o e n g a g e in i n s u r a n c e a g e n c y a c t i v i t i e s , n a t i o n w i d e . 1/ Wel l s Fargo & Company, San Francisco, California — e x t e n s i o n of time to June 1986, w i t h i n w h i c h t o i s s u e p a y m e n t s i n s t r u m e n t s . 1/ 16, F i r s t S e c u r i t y C o r p o r a t i o n , S a l t L a k e Cit y , Utah — exte n s i o n of time to divest certain p r o p e r t i e s . 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 10 5 ACTIONS OF THE BOARD - C o n t i n u e d * * * * * T o E s t a b l i s h a D o m e s tic B r a n c h P u r s u a n t t o S e c tio n 9 o f th e F e d e ra l R e se rv e A ct Approved Cleveland The Dollar Savings and T r u s t Company, Youngstown, Ohio — to e s t a b l i s h a CBCT b r a n c h at 7655 M a r k e t Street, Boardman, Ohio. 1/ (3/7/86) Cleveland The Fifth Third Bank of Columbus, Columbus, Ohio — t o e s t a b l i s h a b r a n c h at 1 7 7 3 W e s t F i f t h A v e n u e , C o l u m b u s , O h i o . 1/ (3/7/86) Richmond F i r s t V i r g i n i a Bank, Falls Church, Urbanna, Virginia — t o e s t a b l i s h a b r a n c h at 2700 S o u t h Q uincy Street, Arlington, Virg i n i a V i r g i n i a . 1/ (3/5/86) Richmond First Virginia Bank-Middle Peninsula, Urbanna, Virginia — to e s t a b l i s h a b r a n c h at Lancaster Square Shopping Center, Kilmarnock, V i r g i n i a . 1/ (3/8/86) Richmond Union Trust Company of Maryland, Baltimore, Maryland — t o e s t a b l i s h a b r a n c h a t 1 0 282 B a l t i m o r e N a t i o n a l P i k e , E l l i c o t t C i ty, M a r y l a n d . 1/ (3/8/86) * * * * * T o B eco m e a M em b er o f t h e F e d e r a l R e s e r v e S y s te m P u rs u a n t to S e c tio n 9 o f th e F e d e ra l R e se rv e A ct Approved Chicago S h e l b y v i l l e I n t e r i m Bank, I l l i n o i s . 1/ (3/4/86) Dallas Fir s t B ank of Plano, (3/7/86) San Francisco C a l i f o r n i a Central Bank, C a l i f o r n i a . 1/ (2/28/86) Shelbyville, Plano, Texas. 1/ Los Angeles, * * * * * T o M e rg e P u r s u a n t t o S e c t i o n 1 8 ( c ) o f th e F e d e r a l D e p o s it In s u ra n c e A c t 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 10 6 ACTIONS OF THE BOARD - C o n tin u e d A p p ro v e d Atlanta C o m m e r c e U n i o n Bank, N a s h v i l l e , T e n n e s s e e — to m e r g e w i t h Co m m e r c e Uni o n B a n k Hu m p h r e y s County, Waverly, Tennessee; Commerce Union Bank of Rutherford County, Murfreesboro, Tennessee, and Commerce Union Bank of Sumner C o u n t y , G a l l a t i n , T e n n e s s e e . 1/ (3/7/86) Chicago S h e l b y C o u n t y S t a t e Bank, S h elbyville, Illinois — to m e r g e w i t h Shelby v i l l e I n t e r i m B a n k , S h e l b y v i l l e , I l l i n o i s . 1/ (3/4/86) * * * * * I s s u e d I n t e n t N o t t o D is a p p ro v e C hange o f C o n tro l P u rs u a n t t o C hange in B ank C o n tro l A c t o f 1978 A p p ro v e d Richmond Virginia Community Bankshares, V i r g i n i a . 1/ (3/6/86) Inc., Louisa, * * * * * I n t e r n a t i o n a l I n v e s t m e n t s a n d O t h e r A c t i o n s A p p ro v e d P u r s u a n t t o S e c t i o n s 25 a n d 2 5 ( a ) o f t h e F e d e r a l R e s e r v e A c t a n d S e c t i o n s 4 ( c ) ( 9 ) a n d 4 ( c ) (1 3 ) o f t h e B a n k H o l d i n g C o m p an y A c t o f 1 9 5 6 , a s a m e n d e d A p p ro v e d New York Chase M a n h a t t a n Corporation, N e w York, N e w York — r e q u e s t s r e l i e f f r o m it s c o m m i t m e n t to l i m i t t h e a s s e t s t o c a p i t a l o f i t s e x p o r t t r a d i n g c o m p a n y , C h a s e T r a d e , Inc. (2/26/86) * * * * * T o E x p a n d a B a n k H o ld in g C o m p an y P u r s u a n t t o S e c t i o n 3 ( a ) (1 ) o f t h e B a n k H o l d i n g C o m p an y A c t o f 1 9 5 6 W ith d ra w n Minneapolis 1/ Crow River Holding Company, Delano, Minnesota — for approval to acquire 97.72 perc e n t of the vo t i n g shares of the C r o w River State B a n k , D e l a n o , M i n n e s o t a . (3/4/86) A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 10 7 ACTIONS OF THE BOARD - Continued Approved Philadelphia Mox h a m Bank Corporation, Johnstown, Pennsylvania — fo r a p p r o v a l t o a c q u i r e 100 p e r c e n t of the vo t i n g shares of The M o x h a m National Bank of Johnstown, Johnstown, P e n n s y l v a n i a . 1/ (3/6/86) Chicago B J S, Inc., W e s t U n i o n , I o w a — f or a p p r o v a l t o a c q u i r e 34 p e r c e n t o f t h e v o t i n g s h a r e s o f W e s t m o n t C o r p o r a t i o n , W e s t U n i o n , Iowa, a n d i n d i r e c t l y The Far m e r s Savings Bank, W e s t U n i o n , Iowa. 1/ (3/5/86) Chicago CSB Investors, Cobb, W i s c o n s i n — for a p p r o v a l to a c q u i r e 93.4 p e r c e n t o f the v o t i n g shares of Iow a - G r a n t Bankshares, Cobb, W i s c o n s i n , a n d i n d i r e c t l y C o b b S t a t e B a nk, C o b b , W i s c o n s i n . (3/3/86) Chicago Oxf o r d Bank Corporation, Oxford, Indiana — fo r a p p r o v a l t o a c q u i r e 100 p e r c e n t o f t h e v o t i n g shares of State Bank of Oxford, O x f o r d , I n d i a n a . 1/ (3/4/86) Chicago S h e l b y C o u n t y B a n c o r p , Inc., S h e l b y v i l l e , Illinois — fo r a p p r o v a l t o a c q u i r e 100 p e r c e n t of the v o t i n g shares of the successor by m e r g e r to S h e l b y C o u n t y St a t e Bank, S h e l b y v i l l e , I l l i n o i s . 1/ (3/4/86) Kansas City R & C B a n c o r p , Inc., O k l a h o m a C i t y , O k l a h o m a — f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t o f th e v o t i n g shares of Ro c k w e l l Bank, N.A., O k l a h o m a C i t y , O k l a h o m a , a n d 100 p e r c e n t o f C h o c t a w B a n c o r p , Inc., C h o c t a w , O k l a h o m a , and i n d i r e c t l y C h o c t a w State Bank, Choctaw, O k l a h o m a . 1/ (3/4/86) Dallas Overton Financial Corporation, Overton, Texas — f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t o f t h e v o t i n g shares o f F i r s t State Bank, Overton, T e x a s . 1/ (3/6/86) * * * * * T o E x p a n d a B a n k H o l d i n g C o m p an y P u r s u a n t t o S e c t i o n 3 ( a ) ( 3 ) o f t h e B a n k H o l d i n g C o m p an y A c t o f 1 9 5 6 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H . 2, 1986 No. 10 8 ACTIONS OF THE BOARD - Continued Approved Chicago Dallas F & M B a n c o r p o r a t i o n , Inc., K a u k a u n a , Wisconsin — fo r a p p r o v a l t o a c q u i r e a t 80 p e r c e n t o f t h e v o t i n g s h a r e s o f T h e Farmers State Bank of Potter, Potter, W i s c o n s i n . 1/ (3/6/86) least P r o m e n a d a B a n c s h a r e s , Inc., R i c h a r d s o n , T e x a s *— f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t o f t h e v o t i n g s h a r e s o f P l a n o N a t i o n a l Ba n k , P l a n o , T e x a s , a p r o p o s e d n e w b a n k . 1/ (3/3/86) * * * * * T o E x p a n d a B a n k H o l d i n g C om pany P u r s u a n t t o S e c t i o n 4 ( c ) ( 8) o f t h e B a n k H o ld in g C o m p an y A c t o f 1 9 5 6 Returned Chicago M a h a s k a Investment Company, Oskaloosa, Iowa — to e ngage de n o v o (providing to others financially related data processing and data transmission services; facilities, and data bases; or access to t h e m ) . The geographic s c o p e w i l l b e t h e S t a t e o f Iowa. (3/3/86) Kansas City F i r s t N a t i o n a l B a n k s h a r e s o f S h e r i d a n , Inc., Sheridan, Wyoming — for a p proval to a c quire R a w l i n g s I n s u r a n c e A g e n c y , Inc., R a n c h e s t e r , W y o m i n g and t h e r e b y e n gage in g eneral i n s u r a n c e a c t i v i t i e s in a p l a c e w i t h a p o p u l a t i o n n o t e x c e e d i n g 5 , 0 0 0 . (2/6/86) Dallas C u l l e n / F r o s t Bankers, Inc., S a n A ntonio, Texas — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through the acquisition of C u l l e n / F r o s t D i s c o u n t B r o k e r s , Inc., S a n A n t o n i o , T e x a s . (3/7/86) Dallas F W N B B a n c s h a r e s , Inc., C a r r o l l t o n , T e x a s — t o e n g a g e d e n o v o (making, a c q u i r i n g , a n d / o r servi c i n g loans for i tself or for o thers of the type m a d e b y a m o r t g a g e company) through the ac q u i s i t i o n of FWNB M o r t g a g e Services, C a r r o l l t o n , T e x a s . (3/7/86) San Francisco Ventura Cou n t y National Bancorp, 1/ Oxnard, A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 10 9 ACTIONS OF THE BOARD - Continued C a l i f o r n i a , t o e n g a g e d e n o v o (making, a c q u i r i n g , a n d / o r s e r v i c i n g l o a n s fo r i t s e l f or for o thers of the type m a d e by a com m e r c i a l finance company) thr o u g h V e n t u r a Com m e r c i a l Finance C o m p a n v , Oxnard, C a l i f o r n i a . (3/7/86) Approved Boston BankVermont Corporation, Burlington, Vermont, f o r a p p r o v a l t o r e t a i n 100 p e r c e n t o f t h e voting shares of Future Planning Associates, Inc., a n d M a d i s o n G r o u p Inc., b o t h o f Burlington, Vermont. (3/6/86) N e w York The Hongkong and Shanghai Banking Corporation, H o n g Kong; Kellett, N.V., Curacao, Netherlands Antilles; HSBC Holdings B.V., A m s terdam, The Netherlands; and M a r i n e M i d l a n d B a n k s , Inc., B u f f a l o , N e w Y o r k — to acquire either directly or indirectly through a n e w l y formed, w h o l l y own e d subsidiary, from it s s u b s i d i a r y , M a r i n e M i d l a n d B a n k , N . A . , Buffalo, N e w York, all of the shares of C M & M Grou p < Inc., N e w York, N e w York, and t h e r e a f t e r t o e n g a g e in c e r t a i n n o n b a n k i n g a c t i v i t i e s . (3/5/86) H.2, 1986 No. 10 10 ACTIONS OF THE BOARD - C o n tin u e d P e rm itte d Cleveland UNB C o r p . , Canton, Ohio — to e n gage de novo (underwriting c redit life and d i s a b i l i t y i n s u r a n c e o n c o n s u m e r loans) t h r o u g h its subsidiary, United Credit Life Insurance C o m p a n y , P h o e n i x , A r i z o n a . 3/ (3/6/86) Richmond Bank of Virginia Company, Richmond, Virginia — t o e n g a g e de n o v o ( d i s c o u n t s e c u r i t i e s brokerage activities including certain securities credit and incidental activities) t h r o u g h i ts s u b s i d i a r y , B V A I n v e s t m e n t C o r p . , Richmond, Virginia. The activities wou l d be c o n d u c t e d n a t i o n w i d e . 3/ (3/8/86) St. Louis Dixie Bancshares Corp., N e w Madrid, Missouri — t o c o n t i n u e t o e n g a g e d e n o v o (making, a c q u i r i n g a n d / o r s e r v i c i n g l o a n s f or i t s e l f o r fo r o t h e r s o f t h e t y p e m a d e b y a m o r t g a g e c o m p a n y ) . 3/ (3/8/86) Minneapolis B a n k S h a r e s In c . , M i n n e a p o l i s , M i n n e s o t a — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) thro u g h a de novo subsidiary, M a r q u e t t e I n v e s t o r S e r v i c e s , Inc., M i n n e a p o l i s , Minnesota. The activity will be conducted n a t i o n w i d e . 3/ (3/7/86) Minneapolis Norwest Corporation, Minneapolis, Minnesota — to e n g a g e de no v o (advising a m o r t g a g e or real e s t a t e i n v estment trust; a d v i s i n g a company registered under the Investment C o m p a n y A c t o f 1940; p r o v i d i n g p o r t f o l i o investment advice to any person; providing economic information and advice, statistical forecasting services, and industry studies; p r o v i d i n g f i n a n c i a l a d v i c e t o s t a t e a n d loca l governments) through Norwest Investment M a n a g e m e n t , Inc. The activ i t y w ill be c o n d u c t e d in t h e c o n t i n e n t a l U n i t e d S t a t e s . 3/ (3/7/86) San Francisco Plaza Co m m e r c e Bancorp, San Jose, C alifornia — t o e n g a g e d e n o v o (making, a c q u i r i n g a n d / o r s e r v i c i n g loans for i t s e l f or for others of the type m a d e by a m o r t g a g e c o m p a n y ) . The a c t i v i t y w i l l be c o n d u c t e d by a p p l i c a n t . 3/ (3/2/86) 3/ N o t i f i c a t i o n p r o c e s s e d b y R e s e r v e B a n k on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2., 1986 No. 10 11 A PPLIC A TIO N S RECEIVED T o E s t a b l i s h a D o m e s tic B r a n c h P u r s u a n t t o S e c tio n 9 o f th e F e d e ra l R e se rv e A ct R e c e iv e d Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch at 8101 Brook Road, Richmond, Virginia. 2/ Richmond First Virginia Bank, Falls Church, Virginia — to establish a branch at 14175 St. Germain Drive, Centreville, Virginia. 2/ Chicago First Trust & Savings Bank of Kankakee, Kankakee, Illinois — to establish a branch at 200 South Bridge Street, Aroma Park, Illinois. 2/ * * * * * To E s t a b l i s h a n O v e rs e a s B ra n c h o f a n E dge A c t C o r p o ra tio n P u r s u a n t t o S e c tio n 2 5 (a ) o f t h e F e d e r a l R e s e rv e A c t R e c e iv e d San Francisco Security Pacific Corporation, Los Angeles, California — for approval to acquire certain assets and assume certain liabilities of the Paris branch of The Chase Manhattan Bank, N . A . , Paris, France. * * * * * T o F o rm a B a n k H o l d i n g C o m p an y P u r s u a n t t o S e c t i o n 3 ( a ) ( 1 ) o f t h e B a n k H o l d i n g C o m p an y A c t o f 1 9 5 6 N e w York C le v e la n d Atlanta United Bank Corporation of N ew York, Downsville, N e w York — for approval to acquire 100 percent of the voting shares of The First National Bank of Downsville, Downsville, N ew York. 2/ CNB Corp., Inc., Windber, Pennsylvania — for approval to acquire 100 percent of the voting shares of Citizens National Bank in Windber, Windber, Pennsylvania. 2/ Citizens and Southern Georgia Holding Corporation, Atlanta, Georgia ~ for approval to acquire 100 percent of the voting shares 2/ A p p l i c a t i o n su b j e c t to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y 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 R e s e r v e Bank m a y be c o n t a c t e d as to the length of the c o m m e n t period. H.2., 1986 No. 10 12 APPLICATIONS RECEIVED - Continued of The Citizens and Southern National Bank, Atlanta, Georgia. 2/ Chicago F&M Bankshares of Reedsburg, Inc., Reedsburg, Wisconsin — for approval to acquire 80 percent or more of the voting shares of Farmers and Merchants Bank, Reedsburg, Wisconsin. 2/ St. Louis Brownstown CSB Bancorp, Brownstown, Indiana — for approval to acquire at least 80 percent of the voting shares of The Citizens State Bank, Brownstown, Indiana. 2/ Kansas City Guaranty Bancorp, Inc., Oklahoma City, Oklahoma — for approval to acquire 80.26 percent of the voting shares of Guaranty Bancshares, Inc., Oklahoma City, Oklahoma and indirectly Guaranty Bank & Trust Co., Oklahoma City, Oklahoma. 2/ Kansas City Intermountain Bancorporation, Inc., Colorado Springs, Colorado — for approval to acquire 100 percent of the voting shares of Fountain Bancorporation, Inc., Fountain, Colorado, and indirectly Pioneer Bank of Fountain, Fountain, Colorado, 87 percent of the voting shares of Byers State Bank, Byers, Colorado, and 85 percent of the voting shares of First National Bank of Fleming, Fleming, Colorado. 2/ Kansas City Logan Bancshares, Inc., Logan, Kansas — for approval to acquire at least 80 percent of the voting shares of The First National Bank of Logan, Logan, Kansas. 2/ Dallas Tanglewood Bancshares, Inc., Houston, Texas — for approval to acquire 100 percent of the voting shares of Tanglewood Bank, N.A., Houston, Texas. 2/ 2/ A p p l i c a t i o n su b j e c t to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r o f the a p p l i c a b l e R e s e r v e Ban k m a y be c o n t a c t e d as to t h e l e n g t h of the c o m m e n t period. H . 2., 1986 No. 10 13 APPLICATIONS RECEIVED - Continued To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (3) of the Bank Holding Company A c t of 1956 Boston The Conifer Group Inc., Worcester, Massachusetts — for approval to acquire 100 percent of the voting shares of Hampshire National Bank of South Hadley, South Hadley, Massachusetts. 2/ Boston The Conifer Group, Inc., Worcester, Massachusetts — for approval to acquire 100 percent of the voting shares of Patriot Bancorporation, Boston, Massachusetts and indirectly acquire Patriot Bank, N.A., Boston, Massachusetts. Philadelphia Community Banks, Inc., Millersburg, Pennsylvania — for approval to acquire 100 percent of the voting shares of Peoples Bank of Shamokin, Pennsylvania, Shamokin, Pennsylvania. 2/ Philadelphia First Lehigh Corporation, Walnutport, Pennsylvania — for approval to acquire 5.32 percent of the voting shares of Knoblauch Bank, Reading, Pennsylvania, a proposed new bank. 2/ Cleveland AmeriTrust Corporation, Cleveland, Ohio — for approval to acquire 100 percent of the voting shares of First United Bancorp, Franklin, Indiana and indirectly acquire Franklin Bank and Trust Company, Franklin, Indiana. 2/ Chicago Bellwood Bancorporation, Inc., Bellwood, Illinois — for approval to acquire 10 percent or more of the voting shares of Peterson Bank, Chicago, Illinois. 2/ Kansas City Robinson Bancshares, Inc., Robinson, Kansas — for approval to acquire 91.80 percent of the voting shares of Morrill and Janes Bancshares, Inc., Hiawatha, Kansas and indirectly acquire Morrill and Janes Bank and Trust Company, Hiawatha, Kansas. 2/ * * * * * 2/ A p p l i c a t i o n su b j e c t to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y 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 R e s e r v e B ank m a y be c o n t a c t e d as to the l e n g t h of the c o m m e n t period. H.2., 1986 No. 10 14 APPLICATIONS RECEIVED - Continued T o E x p a n d a B a n k H o l d i n g C o m p an y P u r s u a n t t o S e c t i o n 3 ( a ) (5 ) o f t h e B a n k H o l d i n g C o m p an y A c t o f 1 9 5 6 Cleveland Banc One Corporation, Columbus, Ohio — for approval to merge with Money Management Corporation, Merrillville, Indiana and indirectly acquire Bank of Indiana, N.A., Gary, Indiana. 2/ * * * * * T o E x p a n d a B a n k H o l d i n g C o m p an y P u r s u a n t t o S e c t i o n 4 ( c ) ( 8 ) o f t h e B a n k H o l d i n g C o m p an y A c t o f 1 9 5 6 Cleveland AmeriTrust Corporation, Cleveland, Ohio — for approval to acquire Franklin Financial Corporation, Indianapolis, Indiana and thereby arrange commercial and residential real estate loans and commercial lines of credit; Franklin Mortgage Corporation, Indianapolis, Indiana and thereby engage in making and servicing mortgage loans and other extensions of credit. Cleveland First National Cincinnati Corporation, Cincinnati, Ohio — for approval to acquire P.N.B. Insurance Agency, Inc., Lawrenceburg, Indiana and First-In-Leasing, Inc., Lawrenceburg, Indiana and thereby engage in the underwriting of credit life, accident and health insurance related to extensions of credit. Cleveland N . B . W . P . , Inc., Berlin, Pennsylvania — to engage de novo (underwriting credit life insurance on consumer loans) through Laurel Highland Life Insurance Company, Phoenix, Arizona. (3/4/86) Cleveland Union Bancshares C o r p . , Bellevue, Ohio — to engage de novo (engaging in full pay-out personal and real property leasing) through Union Ohio Leasing Corp., Bellevue, Ohio. (3/4/86) Atlanta Citizens and Southern Georgia Holding Corporation, Atlanta, Georgia — for approval to acquire Citizens and Southern Mortgage Company, Atlanta, Georgia (real estate Pet. 2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t The C o m m u n i t y A f f a i r s O f f i c e r o f the a p p l i c a b l e R e s e r v e Ban k m a y be c o n t a c t e d as to the length o f the c o m m e n t period. H . 2., 1986 No. 10 15 APPLICATIONS RECEIVED - Continued mortgage lending; loan sales and servicing); The Citizens and Southern Agency, I n c . f Atlanta, Georgia (general insurance agency a c t i v i t i e s ) ; Citizens and Southern Data Processing, Inc., Atlanta, Georgia (data processing); Family Credit Services, Inc., Atlanta, Georgia (consumer finance; mortgage lending and related activ i t i e s ) ; The Citizens and Southern Life Insurance Company, Altanta, Georgia (underwriting credit life and credit disability insurance; reinsuring similar risks); Citizens and Southern Securities, Inc., Atlanta, Georgia (discount brokerage); and Citizens and Southern Investment Advisors, Inc., Atlanta, Georgia, (portfolio investment a d v i c e ) . Atlanta Gulf Coast Holding Corporation, Panama City, Florida — for approval to acquire ATM Network, Inc., Panama City, Florida and thereby engage in providing data processing and data transmissions services, facilities, data bases, or access to such services, facilities or data by any technological means. Chicago McLaughlin Holding Company, Moline, Illinois — to acquire assets of MBC Financial C o r p . , Moline, Illinois. Chicago CITIZENS BANKING CORPORATION, Flint, Michigan — for approval to acquire 11.1 percent of the voting shares of ML, Inc., Detroit, Michigan. 2/ Chicago Comerica Incorporated, Detroit, Michigan — for approval to acquire 11.1 percent of the voting shares of ML, I n c . , Detroit, Michigan. 2/ Chicago First of America Bank Corporation, Kalamazoo, Michigan — for approval to acquire 11.1 percent of the voting shares of ML, Inc., Detroit, Michigan. 2/ Chicago Manufacturers National Corporation, Detroit, Michigan — for approval to acquire 11.1 percent of the voting shares of ML, Inc., Detroit, Michigan. 2/ Chicago Michigan National Corporation, Bloomfield 2/ A p p l i c a t i o n s u b j e c t to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y 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 Re s e r v e Bank m a y be c o n t a c t e d as to the leng t h of the co m m e n t period. H . 2 . , 1986 No. 10 16 APPLICATIONS RECEIVED - Continued Hills, Michigan — for approval to acquire 11.1 percent of the voting shares of ML, Inc., Detroit, Michigan. 2/ Chicago Union Bancorp, Inc., Grand Rapids, Michigan — for approval to acquire 11.1 percent of the voting shares of ML, Inc., Detroit, Michigan. 2/ Chicago Unibancorp, Inc., Chicago, Illinois — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its wholly-owned subsidiary, Unibanc Brokerage Services, Inc., Chicago, Illinois. (3/5/86) Dallas Texas Commerce Bancshares, I n c . , Houston, Texas — to acquire 100 percent of the voting shares of Texas Commerce Capital Markets, Inc., Houston, Texas. 2/ San Francisco Midland Bank pic, London, England — to engage de novo (making, acquiring, and/or servicing loans for itself or for others of the type made by a commercial finance company, advising a company registered under the Investment Company Act of i940 y providing portfolio investment advice to any person; providing economic information and advice, statistical forecasting services, and industry studies; providing financial advice to state and local governments; underwriting and dealing in obligations of the United States, general obligations of states and political subdivision, and other obligations in which state member banks are authorized to underwrite and deal; providing information and advice with respect to foreign exchange markets and exposures, and certain transactional services involving foreign exchange; acting as a futures commission merchant on major commodity exchanges with respect to future contracts on bullion, foreign exchange, government securities, certificates of deposit, and certain other money market instruments) through its subsidiary Samuel Montagux & Co., Limited, Ne w York, N ew York. (2/26/86)* * * * * * 2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y 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 R e serve Bank m a y be c o n t a c t e d as to the length of the c o mment period. H . 2., 1986 No. 10 17 APPLICATIONS RECEIVED - Continued Agreements Piled Pursuant to Section 8 of the Securities Exchange A c t of 1934 New York The Royal Bank and Trust Company has filed an agreement with the Federal Reserve Bank of N ew York (which is authorized to accept such agreements on behalf of the Board of Governors under delegated authority) undertaking to comply with all provisions which relate to the use of credit to finance transactions in securities.
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