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ANNOONCBSNT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SX
SFEM
E.2,
1985 No. 10
Actions of the Board
Applications and Reports Received
During the Week Biding March 9, 1985
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Statement by Chairman Paul A. Volcker before the House Budget
Ccnmittee to discuss the economic situation.
The Federal Reserve Board announced a two-part modification in
its seasonal credit program, designed to provide further
assurance that small-and medium-sized agricultural banks can
meet temporary liquidity requirements that might arise in
accomodating the needs of their farm borrowers over the
forthcoming planting and production cycle.
Regulation Z, Truth in Lending, notice of intent to make deter
mination of effect on State laws (Arizona); comments must be
received on or before May 6, 1985.
Regulation B, Equal Credit Opportunity, the Federal Reserve Board
issued for public comment revisions to Regulation B that would
simplify the regulation and update seme of its provisions;
comment is requested by June 14, 1985. (Docket No. R-0541)
Boston
Bank of New England Corporation, Boston, Massachusetts, extension
of time to June 21, 1985, within which to merge with CBT
Corporation, Hartford, Connecticut. 1/
Boston
Fleet Financial Group, Inc., Providence, Rhode Island, extension
of time to March 3, 1986, within which to establish a foreign
subsidiary, FLT Financial NV., Curacao, Netherlands Antilles. 1/
New York
CNB National Bank, Canajoharie, New York, proposal to merge
with Canajoharie National Bank, Canajoharie, Canajoharie,
New York; report to the Comptroller of the Currency on
competitive factors. 1/
Richmond
Community Bank, Greenville, South Carolina, proposed merger
wdth Conmunity Interim Bank, Greenville, South Carolina, a
proposed new bank; report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 10
- 2 ACTIONS OP THE BOARD - Continued
Richmond
Ccranunity Bancorporation, Inc., Greenville, South Carolina,
extension of time to June 12, 1985, within which to become
a bank holding company through the acquisition of Ccranunity
Bank, Greenville, South Carolina. 1/
Richmond
First Carolina Bank & Trust Co., Sanford, North Carolina, a
preposed new bank, proposal to acquire the assets of and assume
liability to pay deposits made in the Sanford, North Carolina,
branch of Northwestern Bank, North Wilkesboro, North Carolina;
report to the Federal Deposit Insurance Corporation on
competitive factors. 1/
Atlanta
First City Bank, New Orleans, Louisiana, proposed merger with
FCB Bank, New Orleans, Louisiana; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
Atlanta
Evangeline Bank and Trust Company, Ville Platte, Louisiana,
proposed merger with EBT Bank, Ville Platte, Louisiana;
report to the Federal Deposit Insurance Corporation on
competitive factors. 1/
Atlanta
First Bankers of Tampa Bay, N.A., St. Petersburg, Florida,
proposed merger with First Citizens Bank of Florida, Tampa,
Florida; report to the Comptroller of the Currency on competitive
factors. 1/
Atlanta
Bank South, N.A., Atlanta, Georgia, proposed merger with Bank
of Griffin, Griffin, Georgia; report to the Comptroller of
the Currency on competitive factors. 1/
Atlanta
First National Bank of Union County, Blairsville, Georgia,
proposed merger with Interim First National Bank of Union
County, Blairsville, Georgia; report to the Comptroller of the
Currency on competitive factors. 1/
Atlanta
First National Bank of Camden County, St. Marys, Georgia, pro
posed merger with First National Bank of Camden Interim Bank,
St. Marys, Georgia; report to the Comptroller of the Currency
on competitive factors. 1/
Atlanta
Mid-Tennessee Bancorp, Inc., Ashland, Tennessee, extension of
time to June 4, 1985, within which to become a bank holding
company through the acquisition of Ashland City Bank & Trust
Company, Ashland City, Tennessee. 1/
Chicago
Premier Bank of Vernon Hills, Vernon Hills, Illinois, an investment
in bank premises. 1/
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 10
- 3 -
ACTIONS GP THE BOARD - Continued
Chicago
Port Byron State Bank, Port Byron, Illinois, an investment in
bank premises. 1/
Chicago
Bank of Boulder Hill, Boulder Hill, Illinois, proposal to merge
with Merora State Bank, Montgomery, Illinois, under the charter
and title of The Bank of Boulder Hill; report to the Federal
Deposit Insurance Corporation on competitive factors. 1/
Chicago
FNW National Bank, Winnebago, Illinois, proposal to merge with
First National Bank of Winnebago, Winnebago, Illinois, under
the charter of FNW National Bank and title of First National
Bank of Winnebago; report to the Comptroller of the Currency
on competitive factors. 1/
Chicago
First of American Bank - Oakland/Maccmb, National Association,
Pontiac, Michigan, proposal to merge with Community National
Bank of Pontiac, Pontiac, Michigan, under the charter and
title of First of America Bank-Oakland/Maccmib, National
Association; report to the Comptroller of the Currency on
competitive factors. 1I
Chicago
Union National Bancorp, Liberty, Indiana, extension of time to
May 20, 1985, within which to became a bank holding company
through the acquisition of 100 percent of the voting shares
of the successor by merger to The Union County National Bank
of Liberty, Liberty, Indiana. 1/
St. Louis
First State Bank of Dongola, Dongola, Illinois, investment in
bank premises. \J
Dallas
New City National Bank of Sulphur Springs, Sulphur Springs,
Texas, proposal to merge with City National Bank of Sulphur
Springs, Sulphur Springs, Texas; report to the Comptroller of
the Currency on competitive factors. 1/
Dallas
New First National Bank of Mount Vernon, Mount Vernon, Texas,
proposed merger with First National Bank of Mount Vernon,
Mount Vernon, Texas; report to the Comptroller of the Currency
on competitive factors. 1/
San Francisco
CoBank Financial Corporation, San Luis Obispo, California, extension
of time to June 10, 1985, within which to acquire Commerce Bank
of San Luis Obispo N.A., San Luis Obispo, California, a proposed
new bank. 1/
San Francisco
Campbell Bancshares, Campbell, California, extension of time
to June 10, 1985, within which to acquire Campell National
Bank, Campbell, California, a proposed new bank. 1/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 10
- 4 ACTIONS OF THE BOARD - Continued
San Francisco
Burlingame Bancorp, Burlingame, California, extension of time
to June 6, 1985, within which to acquire Burlingame Bank &
Trust Co., Burlingame, California. 1/
San Francisco
Barclays Bank of California, San Francisco, California, proposed
acquisition of the assets and assumption of the liability to
pay the deposits in the Los Altos Branch of Union Bank, Los
Angeles, California; report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
T 7 Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 10
- 5 ACTIONS OF THE BOARD - Continued
Tb Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Approved
New York
Chemical Bank, New York, New York. To establish a branch at
AT&T Communications, Inc., 32 Avenue of the Americas, New
York, New York. 1/
Philadelphia
Princeton Bank, Princeton, New Jersey. To establish a branch
office at Larchmont Center, State Highway #38 and Ark Road,
Mount Laurel Township, New Jersey. 1/
Richmond
United Virginia Bank, Richmond, Virginia. To establish a branch
at 1129 Gaskins Road, Richmond, Virginia. 1/
Richmond
Central Fidelity Bank, Richmond, Virginia. To establish a
branch at Independence Boulevard and Columbus Street, Virginia
Beach, Virginia. 1/
Atlanta
St. Bernard Bank and Trust Company, Arabi, Louisiana. To estab
lish a branch at the intersection of East Judge Perez Drive
and Shell Beach Highway, St. Bernard, Louisiana. 1/
Atlanta
Colonial Bank, Montgomery, Alabama. To establish a branch
at 425 Birmingham-Montgcmery Highway, Jamison, Alabama. 1/
* * * * *
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Kansas City
Not Disapproved
Arkansas Valley Bancshares, Inc., Broken Arrow, Oklahoma. 1/
Kansas City
Capital Bancshares, Inc., St. Joseph, Missouri. 1/
* * * * *
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 10
- 6 ACTIONS OP THE BOARD - Continued
Applications and Notifications far International
Investments and Other Action Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4 (c)(9), 4 (c)(13), and 4 (c)(14)
of the Bank Holding Ccnpany Act of 1956, as amended
Ftarty-Five Day Notification Period Allowed to Expire
New York
New York
Citibank Overseas Investment Corporation, Wilmington, Delaware:
no objection to invest in Banque Sud Beige S.A., Charleroi,
Belgian.
Forty-Five Day Notification Period Waived
Morgan Guaranty International Finance Corporation, New York,
New York: no objection to acquire all of the shares of a
de novo merchant bank, Morgan Guaranty Australia Limited,
Melbourne, Australia, and for Bank to acquire and make an
additional investment in Australian United Corporation Ltd.,
Melbourne, Australia.
* * * * *
To Form a Bank Holding CCnpany Pursuant to Section
3 (a) (1) of the Bank Holding Ocnpany Act of 1956
Returned
Kansas City
Alliance Bancshares, Inc., Oklahoma City, Oklahoma, for approval
to acquire at least 80 percent of the voting shares of
Alliance Bank, N.A., Oklahoma City, Oklahoma.
Dallas
Carlsbad National Bancshares, Inc., Hobbs, New Mexico, for
approval to acquire 100 percent of the voting shares of The
Carlsbad National Bank, Carlsbad, New Mexico. 1/
Dallas
First White Oak Bancshares, Inc., White Oak, Texas, for approval
to acquire at least 80 percent of the voting shares of White
Oak State Bank, White Oak, Texas.
Philadelphia
1/
Approved
First Ccninunity Financial Corporation, Mifflintcwn, Pennsylvania,
for approval to acquire 100 percent of the voting shares of
Ihe First National Bank of Mifflintcwn, Mifflintcwn, Pennsyl
vania. 1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 10
- 7 ACTIONS OF THE BOARD - Continued
Cleveland
FBC Bancshares, Inc., Lakeview, Ohio, for approval to acquire
100 percent of the voting shares of The Farmers Banking Company,
National Association, Lakeview, Ohio. 1/
Atlanta
First City Bancshares, Inc., New Orleans, Louisiana, for approval
to acquire 100 percent of the voting shares of First City
Bank, New Orleans, Louisiana. 1/
Atlanta
Marion County Bancshares, Inc., Hamilton, Alabama, for approval
to acquire 100 percent of the voting shares of First National
Bank of Hamilton, Hamilton, Alabama. 1/
Atlanta
Security Acadia Bancshares, Inc., Rayne, Louisiana, for approval
to acquire at least 80 percent of the voting shares of
Rayne State Bank and Trust Company, Rayne, Louisiana. 1/
Chicago
Cromwell Financial Corp., Cromwell, Indiana, for approval to
acquire 100 percent of the voting shares of The Cromwell
State Bank, Cromwell, Indiana. 1/
Chicago
First Berne Financial Corporation, Berne, Indiana, for approval
to acquire 100 percent of the voting shares of First Bank of
Berne, Berne, Indiana. 1/
St. Louis
FTB Bancshares, Inc., Louisville, Kentucky, for approval to
acquire 100 percent of the voting shares of Fort Thcmas-Bellevue
Bank, Fort Thomas, Kentucky. \l
St. Louis
Macon-Atlanta Bancorp., Inc., Macon, Missouri, for approval to
acquire 100 percent of the voting shares of the successor by
merger to Macon-Atlanta State Bank, Macon, Missouri. 1/
Kansas City
Citibancshares, Inc., Muskogee, Oklahoma, for approval to acquire
100 percent of the voting shares of Citibanc Holding Co., Inc.,
Muskogee, Oklahoma and indirectly acquire City Bank, Muskogee,
Oklahoma. 1/
Dallas
Horizon Bankshares, Inc., Fort Worth, Texas, for approval to
acquire 100 percent of the voting shares of The National Bank
of Texas at Fort Worth, Fort Worth, Texas. 1/
San Francisco
Founders Bank Corporation, Scottsdale, Arizona, for approval
to acquire 100 percent of the voting shares of Founders Bank
of Arizona, Scottsdale, Arizona, a proposed new bank. 1/
* * * * *
T7
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 10
- 8 ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
3 (a) (3) of the Bank Holding Company Act of 1956
Withdrawn
Philadelphia
National Penn Bancshares, Inc., Boyertcwn, Pennsylvania, for
approval to acquire an additional 4.9 percent of the voting
shares of Chestnut Hill National Bank, Philadelphia, Pennsyl
vania, a proposed new bank. 1/
Returned
Kansas City
Firstrust, Inc., Cambridge, Nebraska, for approval to acquire
at least 24.62 percent of the voting shares of Arapahoe
Financial Corp., Arapahoe, Nebraska and indirectly Citizens
State Bank of Arapahoe, Arapahoe, Nebraska. 1/
Kansas City
Hardin, Inc., Fdison, Nebraska, for approval to acquire at least
11.47 percent of the voting shares of Arapahoe Financial Corp.,
Arapahoe, Nebraska and indirectly Citizens State Bank of
Arapahoe, Arapahoe, Nebraska.
Kansas City
Western Kansas Investment Corporation, Inc., Winona, Kansas, for
approval to acquire at least 24.9 percent of the voting shares
of Selden Investment, Inc., Selden, Kansas and indirectly Selden
State Bank, Selden, Kansas. 1/
Atlanta
Approved
CB&T Bancshares, Inc., Columbus, Georgia, for approval to acquire
F&M Bancshares, Inc., Leslie, Georgia, and indirectly acquire
Fanners & Merchants, Leslie, Georgia.
Atlanta
Dahlonega Bancorp, Inc., Dahlonega, Georgia, for approval to
acquire 100 percent of the voting shares of The Bank of Ellijay,
Ellijay, Georgia. 1/
Chicago
Iowa National Bankshares Corp., Waterloo, Iowa, for approval to
acquire 100 percent of the voting shares of Midway Bank &
Trust, Cedar Falls, Iowa. 1/
Chicago
The Marine Corporation, Milwaukee, Wisconsin, for approval to
acquire 100 percent of the voting shares of The Citizens
National Bank of Stevens Point, Stevens Point, Wisconsin. 1/
T7
Application processed on behalf of the Board of Governors tinder delegated
authority.
H.2, 1985 Ho. 10
- 9 -
ACTIONS OF THE BQASD - Continued
St. Louis
Liberty United Bancorp., Inc., Louisville, Kentucky, for approval
to acquire through its wholly-owned subsidiary, F*TB Bancshares,
Inc., Louisville, Kentucky and 100 percent of Fort Thcmas-Bellevue
Bank, Fort Thomas, Kentucky. 1/
Kansas City
FirstBank Holding Ccnpany of Colorado, and FirstBank Holding
Company, both of Lakewood, Colorado, for approval to acquire
100 percent of the voting shares of FirstBank of Breckenridge,
N.A., Breckinridge, Colorado, a proposed new bank. 1/
Dallas
United City Corporation, Plano, Texas, for approval to acquire
100 percent of the voting shares of First National Bank in
DeSoto, DeSoto, Texas. 1/
* * * * *
To Expand a Bank Holding Ccnpany Pursuant to Section
4 (c) (8) o f the Bank Holding Oonpany Act of 1956
Withdrawn
Dallas
MCorp, Dallas, Texas, to engage in providing to others financially
related data processing and data transmission services,
facilities, and data bases; or access to them through the
acquisition of Florida Computer Services, Inc., (d/b/a
("Infoserve"), Altamonte Springs, Florida.
Boston
North American Bank Corporation, Farmington, New Hampshire,
notification to engage de novo (making, acquiring, and/or
servicing loans for itself or for others of the type made by
a ccnmereial finance company)
(2/27/85)
Kansas City
Western Kansas Investment Corporation, Inc., Winona, Kansas, to
engage in insurance agency activities in a t o m of less than
5,000 persons through the acquisition of Selden Investment,
Inc., Selden, Kansas. 1/
Atlanta
SouthTrust Corporation, Birmingham, Alabama, for approval to
acquire 100 percent of the voting shares of Finance South,
Inc., Florala, Alabama. 1/
Returned
Approved
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1985 No. 10
- 10 ACTIONS OF THE BOARD - Continued
Permitted
Chicago
Northern Trust Corporation, Chicago, Illinois, to engage de novo
(in mortgage financing with respect to agricultural real estate
and ccrrmercial finance with respect to agribusiness) through
its subsidiary, Agricultural Services, Inc., Oakbrook Terrace,
Illinois. (3/7/85) 3/
Kansas City
Holden Bankshares, Inc., Holden, Missouri, to engage de novo
(in selling credit life, disability, or involuntary unemploy
ment insurance) through its subsidiary, T & B Insurance
Agency, Holden, Missouri, a partnership (3/8/85) 3/
Kansas City
Selden Investment, Inc., Selden, Kansas, to engage de novo
(insurance agency activities in a town of less than 5,000
persons through Selden State Bank Agency, Selden, Kansas)
the activity will be conducted in Sheridan, Thanas, Decatur,
and Rawlins counties in the State of Kansas (3/5/85) 3/
* * * * *
Redemption of Shares
Kansas City
Approved
Capital Bancshares, Inc., St. Joseph, Missouri. \J
T 7 Application processed on behalf of the Board of Governors under
delegated authority.
3/ Notification processed by Reserve Bank on behalf of the Board of Governors
under delegated authority.
H.2, 1985 No. 10
- 11 APPLICATIONS RECEIVED
To Beocme a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Cleveland
The Fifth Third Bank of Columbus, Upper Arlington, Olio. 2:/
Richmond
The New Bank of Hartsville, Hartsville, South Carolina. 2/
* * * * *
To Merge Pursuant to Section 18(c)
of the Federal Deposit Insurance Act
Cleveland
Metamora Interim Bank, Metamora, Ohio.
State Bank, Metamora, Ohio. 2/
Tb merge with Metamora
* * * * *
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Cleveland
Cortland Savings & Banking Company, Cortland, Olio. To establish
a branch office at 2610 Elm Street, Warren, Ohio. 2/
Cleveland
Hie Sylvania Savings Bank Company, Sylvania Olio. To establish
a branch office in The Edison Plaza Building 300 Madison Avenue,
Toledo, Olio. 2/
New York
Chemical Bank, New York, New York. To establish a branch at IBM
Corporation, 30 Saw Mill Road, Hawthorne, Town of Mt. Pleasant,
Westchester County, New York. 2/
St. Louis
Commerce Union Bank of Memphis, Memphis, Tennessee. To establish
a branch at 6363 Poplar Avenue, Memphis, Tennessee. 2/
Dallas
First State Bank, Dumas, Texas. For permission to establish
and use an off-site electronic facility at Dumas, Texas. 2/
San Francisco
Union Bank, Los Angeles, California. To establish a branch in
the vicinity of 2321 West March Lane, Stockton (San Joaquin
County), California. 2/
~TJ
Application subject to Carmunity Reinvestment Act. The Cannunity Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the cement period.
H.2, 1985 No. 10
- 12 APPLICATIONS RECEIVED - Continued
Applications and Notifications far International
Investments and Other Action Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4 (c) (9), 4 (c) (13), and 4 (c) (14)
of the Bank Holding Canpany Act of 1956, as amended
New York
Citicorp, New York, New York, prior notification of its intent
to continue to hold the shares of Citicorp International Bank
Limited, London England after acquiring all of the shares of
Seccaribe Marshall & Campion FLC, London, England.
New York
Manufacturers Hanover Corporation, New York, New York, prior
notification of its intent to establish a de novo export trading
canpany, Manufacturers Hanover World Trade Corporation, New
York, New York.
Richmond
NCNB Corporation, Charlotte, North Carolina, prior notification
of its intent to indirectly, through its wholly-owned subsidiary
NCNB National Bank of North Carolina, to continue to hold 100
percent of the voting shares of Carolina Bank Limited, London,
England after CRL makes a joint venture investment in Panmure
Gordon & Co., London, England.
Richmond
NCNB Overseas Corporation, Charlotte, North Carolina, request
consent to make an additional investment in its subsidiary,
N O ® Spedley Australia Limited, Sydney, Australia.
* * * * *
To Form a Bank Holding Canpany Pursuant to Section
3 (a) (1) of the Bank Holding Canpany Act of 1956
New York
BanPonce Corporation, Hato Rey, Puerto Rico, for approval to
acquire 100 percent of the voting shares of Banco de Ponce,
Ponce, Puerto Rico. 2/
New York
Key Bancorp of the Pacific Inc., Anchorage, Alaska, for approval
to acquire 100 percent of the voting shares of Alaska Pacific
Bancorporation, Anchorage, Alaska and indirectly Alaska Pacific
Bank, Anchorage, Alaska and First National Bank of Fairbanks,
Fairbanks, Alaska. 2/
Atlanta
Comnunity Banks of Florida, Inc., Mims, Florida, for approval
to acquire at least 80 percent of the voting shares of Comnunity
National Bank, Mims, Florida. 2/
27
Application subject to Ccmnunity Reinvestment Act. The Ccmnunity Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the comment period.
H.2, 1985 No. 10
- 13 APPLICATIONS RECEIVED - Continued
Chicago
Kingsley Banc Corp., Kingsley, Iowa, for approval to acquire at
least 89.2 percent of the voting shares of Kingsley State Bank,
Kingsley, Iowa. 2]
Chicago
Round Lake Bankcorp, Inc., Round Lake, Illinois, for approval to
acquire 100 percent of the voting shares of First State Bank of
Round Lake, Round Lake, Illinois. 2/
Minneapolis
Winona National Holding Company, Winona, Minnesota, for approval
to acquire 100 percent of the voting shares of Winona National
and Savings Bank, Winona, Minnesota. 2/
Dallas
Benson Investment Company, San Antonio, Texas, for approval to
acquire 92.08 percent of the voting shares of Kelly Field
Bancshares Corporation, San Antonio, Texas and indirectly Kelly
Field National Bank, Leon Valley, Texas and Exchange National
Bank, San Antonio, Texas. 2]
Dallas
Heritage Barikshares, Inc., Dallas, Texas, for approval to acquire
100 percent of the voting shares of Turtle Creek National
Bank, Dallas, Texas. 2/
Dallas
Independent Community Financial Corp., Dallas, Texas, for approval
to acquire at least 51 percent of the voting shares of Coppell
Financial Corporation, Dallas, Texas and indirectly Coppell
Bank, N.A., Coppell, Texas. 2]
San Francisco
Ameriwest Bancor, Inc., Phoenix, Arizona, for approval to acquire
100 percent of the voting shares of Bank of Paradise Valley,
Phoenix, Arizona. 2/
San Francisco
Banco de Credito del Peru, Lima, Peru, Bethel Investments Inc.,
Panama City, Panama, Credito del Peru Holding Corporation,
Georgetown, Cayman Islands, British West Indies, and CDP
Holding (Delaware), Inc., Wilmington, Delaware, for approval
to acquire 100 percent of the voting shares of Valencia Bank,
Santa Ana, California. 2J
* * * * *
2/ Application subject to Community Reinvestment Act. The Ccmnunity Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the Garment period.
H.2, 1985 No. 10
- 14 APPLICATIONS RBCEEVH5 - Oxitinued
To Expand a Bank Holding Company Pursuant to Section
3 (a) (3) of the Bank Holding Company Act of 1956
Boston
Saver's Bancorp, Inc., Littleton, New Hampshire, for approval
to acquire 100 percent of the voting shares of North Country
Bank, Berlin, New Hampshire. 2/
New York
Key Banks Inc., Albany, New York, for approved, to acquire 100
percent of the voting shares of Alaska Pacific Bancorporation,
Anchorage, Alaska and indirectly Alaska Pacific Bank, Anchorage,
Alaska and First National Bank of Fairbanks, Fairbanks, Alaska. 2/
Cleveland
Fifth Third Bancorp, Cincinnati, Ohio, for approval to acquire
100 percent of the voting shares of The Fifth Bank of Columbus,
Upper Arlington, Ohio, a proposed new bank. 2J
Richmond
One Valley Bancorp of West Virginia, Inc., Charleston, West
Virginia, for approval to acquire 100 percent of the Tooting
shares of One Valley National Bank of Hurricane, Hurricane,
West Virginia, a proposed new bank. 2/
Atlanta
Louisiana Bancshares, Inc., Baton Rouge, Louisiana, for approval
to acquire 100 percent of the voting shares of The Raceland
Bank & Trust Company, Raceland, Louisiana. 2/
Chicago
KEEOO, INC., Chicago, Illinois, for approval to acquire at least
11.02 percent of the voting shares of Round Lake Bankcorp, Inc.,
Round Lake, Illinois. 2/
Chicago
Northwestco, Inc., Northbrook, Illinois, for approval to acquire
100 percent of the voting shares and 100 percent of nonvoting
Class A preferred stock of Lake View Bancorp., Inc., Northbrook,
Illinois and Lake View Trust and Savings Bank, Chicago, Illinois. 2/
Chicago
Northwestco, Inc., Northbrook, Illinois, for approval to acquire
100 percent of the voting shares and 100 percent of nonvoting
Class A and B preferred stock of Northbrook Bancorp, Inc.,
Northbrook, Illinois and Northbrook Trust & Savings Bank,
Northbrook, Illinois. 2/
Chicago
Valley Bancorporation, Appleton, Wisconsin, for approval to
acquire 100 percent of the voting shares of United Banks of
Wisconsin, Inc., Madison, Wisconsin and indirectly United Bank,
Madison, Wisconsin and Farmers & Citizens United Bank in Sauk
City, Sauk City, Wisconsin and United Bank in Mencmonie,
Mencmonie, Wisconsin and United Bank in Sun Prairie, Sun Prairie,
Wisconsin. 2/
27
Application subject to Camtunity Reinvestment Act. The Cannunitv Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the comment period.
H.2, 1985 No. 10
- 15 APPLICATIONS RECEIVED - Continued
Kansas City
United Banks of Colorado, Inc., Denver, Colorado, for approval
to acquire 100 percent of the voting shares of The Colorado
Springs National Bank, Colorado Springs, Colorado. 2/
* * * * *
To Expand a Bank Holding Ocnpany Pursuant to Section
4 (c) (8) of the Bank Holding Gcnpany Act of 1956
New York
The Chase Manhattan Corporation and Chase Manhattan National
Corporation, both of New York, New York, to engage de novo
(making, acquiring, and/or servicing loans for itself or for
others of the type made by a mortgage company, consumer finance
company, sales finance company, credit card company, commercial
finance company, and factor) (3/7/85)
New York
Irving Bank Corporation, New York, New York, to engage de novo
in consumer lending and deposit taking through Irving Trust
Connecticut, National Association, Stamford, Connecticut, and
Irving Trust Georgia, National Association, Atlanta, Georgia.
New York
Key Banks Inc., Albany, New York, for approval to engage in making,
acquiring, and/or servicing loans for itself or for others of
the type made by a mortgage company through the acquisition of
Alaska Pacific Mortgage Company, Anchorage, Alaska and All
Coast Financial, Inc., San Diego, California and to engage in
full pay-out personal property leasing through the acquisition
of Pentek Leasing, Inc., San Jose, California.
Cleveland
PNC Financial Corp, Pittsburgh, Pennsylvania, to engage de novo in
retail sales of gold and silver through its subsidiary, BHC
Securities, Inc.
Cleveland
Provident Bancorp, Inc., Cincinnati, Ohio, to engage de novo
(in making, acquiring, and/or servicing ioans for itself or
for others of the type made by a mortgage company and a commercial
finance company)
(3/7/85)
Richmond
Dominion Bankshares Corporation, Roanoke, Virginia, to engage
de novo (in providing economic information and advice, statistical
forecasting services, and industry studies) the activity would
be conducted nationwide through Dominion Trust Company (3/4/85)
27 Application subject to Community Reinvestment Act. The Community Affairs
Officer of the applicable Reserve Bank may be contacted as to the length of
the ccmnent period.
H.2, 1985 No. 10
- 16 APPLICATIONS RECEIVED - Continued
Chicago
Irwin Union Corporation, Columbus, Indiana, to engage de novo (in
providing portfolio investment advice to any person) through
Irwin Union Capital Corporation, Columbus, Indiana (3/8/85)
Chicago
Jesup Bancshares, Inc., Jesup, Iowa, to engage de novo (making,
acquiring or servicing loans for itself or for other of the
type made by a consumer finance company, mortgage company,
commercial finance company, and factor and engaging in full
pay-out, personal or real property leasing)
(3/8/85)
Chicago
Lakeland Financial Corporation, Warsaw, Indiana, to engage
de novo (in making, acquiring, and/or servicing loans for itself
or for others of the type made by a mortgage company) through
Lakeland Mortgage Corporation, Warwaw, Indiana (3/8/85)
Chicago
Marshall & Ilsley Corporation, Milwaukee, Wisconsin, to expand the
activities of Marshall & Ilsley Trust Company of Florida, N.A.,
Naples, Florida, to include consumer lending and deposit taking.
Chicago
Valley Bancorporation, Appleton, Wisconsin, for approval to engage
in making, acquiring, and/or servicing loans for itself or for
others of the type made by a mortgage company through the
acquisition of United Mortgage of Wisconsin, Inc., Madison,
Wisconsin.
Dallas
CNB Financial Corportion, Inc., Taylor, Texas, to engage de novo
(in making, acquiring, and/or servicing loans for itself or
for others of the type made by a mortgage company and a
consumer finance company)
(3/8/85)
Dallas
MCorp, Dallas, Texas, to engage de novo (in providing to others
financially related data processing and data transmission
services, facilities, and data bases; or access to them)
through MTech, Dallas, Texas (3/4/85)
San Francisco
Canadian Imperial Bank of Commerce, Toronto, Ontario (Canada),
and Canadian Imperial Holdings, Inc., Wilmington, Delaware,
to engage de novo (making, acquiring and/or servicing loans
for itself or for others of the type made by a commercial
finance company; engaging in full pay-out real property leasing
and acting as an intermediary for the financing of commercial
or industrial income-producing real estate equities) through
Canadian Imperial Financial Services, Inc., from offices in
Houston, Texas. (3/4/85)
t
San Francisco
Lloyds Bank EEC, London England, to engage de novo (in making,
acquiring, and/or servicing loans for itself of for others of
the type made by a commercial finance company) through
(corporate title not identified), New Orleans,
Louisiana, throughout Louisiana, Alabama and Mississippi
(3/7/85)
H.2, 1985 No. 10
- 17 -
APPLICATIONS RECEIVED - Continued
♦ * * * *
REPORTS RECEIVED
None.
* * * * *
PETITIONS FOR RULEMAKING
None.
@FedFRASER