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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1982 No. 18)
Actions of the Board; Applications and Reports
Received During the Week Ending May, 1, 1982
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Regulation D, modification of reserve requirements on longterm nonpersonal time deposits. (Docket No. R-0401)
Regulation H, Membership of State Banking I n s t i t u t i o n s in the
Federal Reserve System, section 208.8(d), footnote 6a of
Regulation H is amended to conform a c i t a t i o n in the footnote
with regulatory chantes adopted by the Board; e f f e c t i v e
April 22, 1982. (Docket No. R-0400)
Regulation T, supplemental chart as an aid to understanding
the complete revision of Regulation T--extensions of credit
on securities by brokers and dealers—which was proposed
for public comment on March 25, 1982.
Plan to end incentive pricing of Automated Clearing House
services by 1985.
Letter to a l l Federal Reserve Banks regarding policy designed
to improve the System's a b i l i t y to control the risks
associated with "daylight" overdrafts.
The Board extended through the end of 1982 the deferral of
deposit reporting and reserve requirements for nonmember
depository i n s t i t u t i o n s that had less than $2 m i l l i o n in
t o t a l deposits on December 31, 1979.
Nancy P. J a c k l i n , appointed Assistant General Counsel for
International Banking.
Richard M. Ashton, appointed Assistant General Counsel for
L i t i g a t i o n and Enforcement.
Kansas City
1/
Citizens National Bancshares, I n c . , Oklahoma C i t y , Oklahoma,
extension of time to May 31, 1982, within which to acquire
Citizens National Bank & Trust Co., Oklahoma C i t y , Oklahoma. _!/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 18
-
2
ACTIONS OF THE BOARD-Continued
Chicago
F i r s t Alsip Bancorp, I n c . , A l s i p , I l l i n o i s , extension of
time to August 10, 1982, w i t h i n which to become a bank
holding company through the acquisition of 80 percent or
more of the voting shares of F i r s t State Bank of Alsip,
A l s i p , I I l i n o i s . 1/
Chicago
Mid-Central Bancshares Corporation, Charleston, I l l i n o i s ,
extension of time to July 26, 1982, within which to become
a bank holding company through the acquisition of 100
percent of the voting shares of the successor by merger to
The Charleston National Bank, Charleston, I l l i n o i s . I /
Richmond
Bank of Carrol, N i l I s v i l l e , V i r g i n i a , an investment in bank
premises. J7
Richmond
Bruceton Bank, Bruceton M i l l s , West V i r g i n i a , an investment in
bank premises. Jif
St. Louis
Centerre Bank of P a c i f i c , P a c i f i c , Missouri, an additional
investment i n bank premises. 1/
St. Louis
Farmers and Merchants Bank, Hannibal, Missouri, extension of
time to May 28, 1982, w i t h i n which to establish a branch
( f a c i l i t y ) at #2 Mel grove Place, Hannibal, Missouri. 1/
Kansas City
Fanners and Merchants State Bank of Ruch County, La Crosse,
Kansas, an investment in bank premises.
Atlanta
Pascagoula-Moss Point Bank, Moss Point, Mississippi, an i n vestment in bank premises. \J
Richmond
Peoples Bank of Chesterfield, Chesterfield, V i r g i n i a , an i n vestment in bank premises. \J
Atlanta
Rapides Bank & Trust Company i n Alexandria, Alexandria,
Louisiana, an investment in bank premises. \J
San
Francisco
American Interstate Bank, Newport Beach, C a l i f o r n i a , proposed
merger with American State Bank, Newport Beach, 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 factors. \J
Atlanta
Bank of Commerce, Americus, Georgia, proposed merger with
Southwest Interim Company, Americus, Georgia; report to the
Federal Deposit Insurance Corporation on competitive factors. JJ
Yf
Application"processed on behalf of the Board of Governors under delegated
authority.
I
H.2, 1982 No. 18
- 3 ACTIONS OF THE BOARD-Continued
Atlanta
Brookhaven Bank and Trust Company, Brookhaven, Mississippi,
proposed merger with New Interim Brookhaven Bank and Trust
Company, Brookhaven, Mississippi; report to the Federal
Deposit Insurance Corporation on competitive factors. \J
St. Louis
Crawford County State Bank, Robinson, I l l i n o i s , proposal to
merge with Crawford State Bank, Robinson, I l l i n o i s ; report
to the Federal Deposit Insurance Corporation on competitive
factors.
Atlanta
First Alabama
merger with
Troy, Troy,
Currency on
Dallas
First National Amarillo Interim Bank, Amarillo, Texas, proposal
to merge with The First National Bank of Amari1lo, Amaril l o ,
Texas; report to the Federal Deposit Insurance Corporation
on competitive factors. _!/
Dallas
First National Bank of Cedar Park, Cedar Park, Texas, proposed
merger with New First State Bank of Cedar Park, Cedar Park,
Texas; report to the Federal Deposit Insurance Corporation
on competitive factors. 1/
Dallas
First National Bank of Gonzales, Gonzales, Texas, proposal
to merge with The First National Bank of Gonzales, Gonzales,
Texas; report to the Comptroller of the Currency on competitive
factors, y
Boston
Maine Savings Bank, Portland, Maine, proposal to merge with 1st
Consumers Savings Bank, Augusta, Maine; report to the Federal
Deposit Insurance Corporation on competitive factors. _1/
St. Louis
Metropolitan National Bank, L i t t l e Rock, Arkansas, proposal to
merge with The Metropolitan National Bank, L i t t l e Rock,
Arkansas; report to the Comptroller of the Currency on
competitive factors. \J
St. Louis
National Bank of Commerce of El Dorado, El Dorado, Arkansas,
proposal to merge with The National Bank of Commerce of
El Dorado, El Dorado, Arkansas; report to the Comptroller
of the Currency on competitive factors. V
Richmond
Southern Bank and Trust Company, Greenville, South Carolina,
proposed merger with Guaranty Bank and Trust Company, Florence,
South Carolina; report to the Federal Deposit Insurance
Corporation on competitive factors, y
Bank of Troy, N.A., Troy, Alabama, proposed
First Farmers and Merchants National Bank of
Alabama; report to the Comptroller of the
competitive factors. \J
\ f ~ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 18
- 4 ACTIONS OF THE BOARD-Continued
San
Francisco
Transworld Merger Corporation, Sherman Oaks, California, proposed merger with Transworld Bank, Sherman Oaks, California,
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 factors.
*
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*
*
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To Establish a Domestic Branch Pursuant to Section 9
of the Federal Reserve Act
San
Francisco
Richmond
Approved
First Interstate Bank of California, Los Angeles, California.
To establish a branch office in the vicinity of the intersection of Amar Road and Nogales Street, City of Walnut,
Los Angeles County, California. J./
Bank of Virginia, Richmond, Virginia.
offices at the following locations:
To establish branch
Bristol Shopping Mall, Gate City Highway
Bristol, Virginia. 1/
3537 South Jefferson Street
Baileys Crossroads, Virginia. JV
1300 Chain Bridge Road
McLean, Virginia. \J
189 Harry Flood Byrd Highway
Sterling, Virginia. 1/
*
*
*
*
*
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Minneapolis
Not Disapproved
Tioga Bank Holding Company, Tioga, North Dakota. 1/
Minneapolis
Minneapolis Holding Company, Minneapolis, Minnesota. JV
Kansas City
Fourth National Corporation, Tulsa, Oklahoma. 1/
1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 18
- 5 ACTIONS OF THE BOARD-Continued
Applications and N o t i f i c a t i o n s for International 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
Sixty Day N o t i f i c a t i o n Period Allowed to Expire
Security Pacific National Bank, Los Angeles, C a l i f o r n i a :
no objection to establish a branch in Seoul, Republic
of Korea.
*
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*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Philadelphia
Approved
National Penn Bancshares, I n c . , Boyertown, Pennsylvania, for
approval to acquire 100 percent of the voting shares of
National Bank of Boyertown, Boyertown, Pennsylvania. _!/
Richmond
Peoples Banking Co. of Cecil Co., Elkton, Maryland, for
approval to acquire 100 percent of the voting shares of
The Peoples Bank of Elkton, Elkton, Maryland, j y
Atlanta
Cameron Bancshares, I n c . , Cameron, Louisiana, for approval to
acquire at least 80 percent of the voting shares of
Cameron State Bank, Cameron, Louisiana. _1/
Atlanta
City National Bancshares, I n c . , Baton Rouge, Louisiana, for
approval to acquire at least 80 percent of the voting shares
of City National Bank of Baton Rouge, Baton Rouge, Louisiana. 1/
Atlanta
Lakeside Bancshares, I n c . , Lake Charles, Louisiana, for
approval to acquire 100 percent of the voting shares of
Lakeside National Bank of Lake Charles, Lake Charles, Louisiana. JL/
Atlanta
Yazoo Capital Corporation, Yazoo C i t y , Mississippi, for approval
to acquire at least 80 percent of the voting shares of Bank
of Yazoo C i t y , Yazoo C i t y , Mississippi. J7
Chicago
COMMERCIAL BANCSHARES, INC., Crown Point, Indiana, 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 successor by merger to The Commercial
Bank, Crown Point, Indiana. V
Chicago
FN Bancorp, Warsaw, Indiana, for approval to acquire 100
percent of the voting shares of the successor by merger to
F i r s t National Bank of Warsaw, Warsaw, Indiana. 1/
TJ
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 18
-
6
ACTIONS OF THE BOARD-Continued
Chicago
PLUM GROVE INCORPORATION, INC., Rolling Meadows, I l l i n o i s ,
f o r approval to acquire at least 88.9 percent of the voting
shares of Plum Grove Bank, Rolling Meadows, I l l i n o i s . \J
Chicago
T-C Holdings, I n c . , Chicago, I l l i n o i s , f o r approval to acquire
at least 93 percent of the voting shares of Bank of Yorktown,
Lombard, I l l i n o i s . If
St. Louis
Citizens Union Bancorp of S h e l b y v i l l e , I n c . , S h e l b y v i l i e ,
Kentucky, f o r approval to acquire 100 percent of the voting
shares of the successor by merger to Citizens Union Bank of
S h e l b y v i l i e , S h e l b y v i l l e , Kentucky. 1/
St. Louis
Latham Bancshares, I n c . , Tipton, Missouri, f o r approval to
acquire at least 82.5 percent of the voting shares of
The Bank of Latham, Latham, Missouri. V
St. Louis
Marion Bancshares, I n c . , Lexington, Kentucky, f o r approval t o
acquire at least 91 percent of the voting shares of The
Marion National Bank of Lebanon, Lebanon, Kentucky. ]_/
Kansas City
Merchants Bancorporation, Topeka, Kansas, f o r approval t o
acquire 100 percent of the voting shares of the successor
by merger t o The Merchants National Bank of Topeka, Topeka,
Kansas. 1/
Kansas City
Murdock Bancshares, I n c . , Murdock, Kansas, f o r approval to
acquire at least 91.3 percent of the voting shares of Murdock
State Bank, Murdock, Kansas. V
Dal las
Coleman Bancshares, I n c . , Coleman, Texas, f o r approval t o
acquire at least 80 percent of the voting shares of Coleman
Bank, Coleman, Texas. 1/
Dal las
Columbia Bancshares, I n c . , West Columbia, Texas, f o r approval
t o acquire 100 percent of the voting shares of F i r s t Capitol
Bank, West Columbia, Texas. V
Dal las
Johnston County Bancshares, I n c . , Tishomingo, Oklahoma, f o r
approval t o acquire at least 80 percent of the voting shares
of Bank of Johnston County, Tishomingo, Oklahoma. IJ
Dal las
Our Bancshares, I n c . , Booker, Texas, f o r approval t o acquire
100 percent of the voting shares of F i r s t Bank & Trust Co.,
Booker, Texas. \J
1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 18
- 7 ACTIONS OF THE BOARD-Continued
San
Francisco
Business Bancorp, San Jose, California, for approval to acquire
100 percent of the voting shares of California Business Bank,
K.A., San Jose, California, a proposed new bank. _!/
*
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*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
St. Louis
Boatmen's Bancshares, Inc., St. Louis, Missouri, for approval
to acquire 80 percent or more of the voting shares of
Farmers and Merchants Bank of Cape Girardeau, Cape Girardeau,
Missouri. V
St. Louis
Mark Twain Bancshares, Inc., St. Louis, Missouri, for approval
to acquire 100 percent of the voting shares of Mark Twain
Stadium Bank, National Association, St. Louis, Missouri, a
proposed new bank. \J
Kansas City
First Midwest Bancorp., Inc., St. Joseph, Missouri, for approval
to acquire at least 93.1 percent of the voting shares of
The Merchants & Farmers Bank of Salisbury, Salisbury, Missouri. _1/
Kansas City
The First National Bancorporation, Inc., Denver, Colorado, for
approval to acquire 100 percent of the voting shares of the
successor by merger to Foothills National Bank, Fort Collins,
Colorado. J_/
Dallas
First Bancshares of Texas, Inc., Longview, Texas, for approval
to acquire 100 percent of the voting shares of Bank of Longview,
National Association, Longview, Texas, a proposed new bank. \J
Dal las
InterFirst Corporation, Dallas, Texas, for approval to acquire
100 percent of the voting shares of First International Bank
- Chelmont, National Association, El Paso, Texas, a proposed
new bank. \J
Dallas
Republic of Texas Corporation, Dallas, Texas, for approval
to acquire 100 percent of the voting shares of RepublicBank
North Dallas, N.A., Addison, Texas, a proposed new bank. 1/
1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 18
- 8 ACTIONS OF THE BOARD-Continued
San
Francisco
BSD Bancorp, Inc., San Diego, California, for approval to
acquire 100 percent of the voting shares of Coast Bank,
Long Beach, California. JV
*
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*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Dallas
Mercantile Texas Corporation, Dallas, Texas, for approval
to merge with State National Financial Corporation, Corsicana,
Texas, and thereby acquire The State National Bank of Corsicana,
Texas. \J
*
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*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Atlanta
Atlanta
San
Francisco
I/
Approved
Landmark Banking Corporation of Florida, Inc., Ft. Lauderdale,
Florida, for approval to acquire 100 percent of the voting
shares of Capital America, Inc., Ft. Lauderdale, Florida,
Capital Associates, Inc., Pompano Beach, Florida, and
American Capital Leasing, Rolling Meadows, I l l i n o i s . JJ
Tennessee National Bancshares, Inc., Maryville, Tennessee,
for approval to acquire 100 percent of the voting shares of
Professional Leasing, Inc., Knoxville, Tennessee. V
Texas. 1/
Denied
Seafirst Corporation, Seattle, Washington, for approval to
engage through its wholly-owned subsidiary, Seafirst Life
Insurance Company, Seattle, Washington, in underwriting
group mortgage l i f e insurance directly related to residential
real estate loans made or acquired by its subsidiaries.
Application processed on behalf of the Board of Governors under delegated
authority.
I
H.2, 1982 No. 18
- 9 ACTIONS OF THE BOARD-Continued
Atlanta
Kansas City
New York
„
Delayed
First Mississippi National Corporation, Hattiesburg,
Mississippi, notification of intent to engage in de
novo a c t i v i t i e s (acting as insurance agent or broker
in offices at which the subsidiary is otherwise engaged
in business for the sale of l i f e , accident and health,
and property and casualty insurance directly related to
extensions of credit by such subsidiary and acting as
agent or broker in the sale of any insurance for the
holding company and i t s subsidiaries) at 1102 Highway
49 North, Hattiesburg, Mississippi, serving Alabama,
northwest Florida, Louisiana, Mississippi and east
Texas, through i t s subsidiary, Continental Leasing
Corporation (4/21/82) 3/
Reactivated
The First National Bancorporation, Inc., Denver, Colorado,
notification of intent to engage in de novo activities
(in providing data processing confirmation services and
reports, including technical assistance on interpreting
and using the confirmation reports to correspondent banks
and savings and loans associations of its subsidiary bank,
The First National Bank of Denver, Denver, Colorado) at 633
17th S t . , Denver, Colorado, the geographic area to be served
includes the State of Colorado and Albany County in Wyoming
(4/27/82) 3/
Permitted
The Chase Manhattan Corporation, New York, New York, requests
permission to establish a de novo office engaging in the
following activities (making or acquiring, for its own
account or for the account of others, loans and other extensions
of credit such as would be made by a commercial finance,
equipment finance or factoring company, including factoring
accounts receivable, making advances and over-advances on
receivables and inventory and business installment lending
as well as unsecured commercial loans; servicing loans and
other extensions of credit; leasing personal property on
a f u l l payout basis and in accordance with the Board's
Regulation Y, or acting as agent, broker or advisor in
leasing such property, including the leasing of motor vehicles)
at 11212 North May, Suite 208, Oklahoma City, Oklahoma, serving
States of Texas, Arkansas, Colorado, Kansas, Louisiana, New
Mexico, and Oklahoma, through its subsidiary, Chase Commercial
Corporation (4/24/82) ZJ
2 / 4(c)(8) notification processed by Reserve Bank of behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 18
-
10
-
ACTIONS OF THE BQARD-Continued
New York
The Chase Manhattan Corporation, New York, New York, requests
permission to 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, f o r i t s own
account or for the account of others, loans and other
extensions of credit such as would be made by a commercial
finance, equipment finance or factoring company, including
factoring accounts receivable, making advances and overadvances on receivables and inventory and business installment
lending as well as unsecured commercial loans; servicing loans
and other extensions of c r e d i t ; leasing personal property on
a f u l l payout basis and in accordance with the Board's
Requlation Y, or acting as agent, broker or advisor in
leasing such property, including the leasing of motor vehicles)
at 1 Southern L i f e Center, 301 North Elm Street, Suite 222,
Greensboro, North Carolina, serving the States of Alabama,
Florida, Georgia, Kentucky, Mississippi, North Carolina,
South Carolina, Tennessee and V i r g i n i a , through i t s subsidiary,
Chase Commercial Corporation (4/24/82) 3/
New York
The Chase Manhattan Corporation, New York, New York, requests
permission to 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, f o r i t s own
account or for the account of others, loans and other extensions of c r e d i t such as would be made by a commercial
finance, equipment finance or factoring company, including
factoring accounts receivable, making advances and overadances on receivables and inventory and business installment
lending as well as unsecured commercial loans; servicing loans
and other extensions of c r e d i t ; leasing personal property
on a f u l l payout basis and in accordance with the Board's
Regulation Y, or acting as agent, broker or advisor in
leasing such property, including the leasing of motor vehicles)
at 1700 IDS Center, Minneapolis, Minnesota, serving the States
of I l l i n o i s , Indiana, Iowa, Kentucky, Michigan, Minnesota,
Missouri and Wisconsin, through i t s subsidiary, Chase Commercial
Corporation (4/24/82) 3/
New York
C i t i c o r p , New York, New York, requests permission to (1) relocate
an existing o f f i c e of i t s subsidiary, Citicorp Homeowners, Inc.
(Delaware) ("CHI"), from 7535 L i t t l e River Turnpike, Suite 320
Annandale, V i r g i n i a to 8133 Leesburg Pike, Vienna, Virginia and
(2) 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 of Citicorp Person-to-Person Financial Center, Inc.
2/
4[c)(8) n o t i f i c a t i o n processed on behalf of the Board of Governors under
delegated authority.
H.2, 1982 No. 18
-
11
-
ACTIONS OF THE BOARD-ConUnued
(Delaware) ("CPFC"), at 8133 Leesburg Pike, Vienna, V i r g i n i a to
include the f o l l o w i n g a c t i v i t i e s (the making or acquiring of
loans and other extensions of c r e d i t , secured or unsecured, f o r
consumer and other purposes; the making, acquiring and s e r v i c i n g ,
f o r i t s own account and for the account of others, of extensions
of c r e d i t to i n d i v i d u a l s secured by liens on r e s i d e n t i a l or nonr e s i d e n t i a l real estate; the extension of loans to dealers f o r
the financing or inventory ( f l o o r planning) and working c a p i t a l
purposes; the purchasing and servicing f o r i t s own account of
sales finance c o n t r a c t s ; 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 mortgage l i f e and mortgage
d i s a b i l i t y insurance d i r e c t l y related t o extensions of mortgage
loans; the sale of consumer oriented f i n a n c i a l management courses
and the s e r v i c i n g , f o r any person, of loans and other extensions
of c r e d i t ; CPFC w i l l also continue to engage in the sale of
c r e d i t related single i n t e r e s t insurance in V i r g i n i a , the
previously approved service area f o r t h i s a c t i v i t y , the proposed
service area of CHI and CPFC at the location above w i l l include
the e n t i r e States of Maryland, V i r g i n i a , and the D i s t r i c t of
Columbia for a l l the aforementioned a c t i v i t i e s , except f o r
the sale of c r e d i t related single i n t e r e s t 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
CPFC and CHI) (4/29/82)
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 e x i s t i n g o f f i c e (the making of loans to
i n d i v i d u a l s 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 666 Mason Ridge Center Drive, St. Louis, Missouri,
serving the e n t i r e State of Missouri, through i t s subsidiary,
C i t i c o r p Acceptance Company, Inc. (4/29/82) 3/
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 e x i s t i n g o f f i c e (the making of loans to i n d i v i d u a l s and businesses to finance the purchase of mobile
homes, modular u n i t s or related manufactured housing, t o gether with the real property t o which such housing i s or
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. 18
-12AiriONS OF THE BOARD-Continued
w i l l be permanently a f f i x e d , such property being used as
security for the loans) at 4956 Brambleton Avenue, S.W.,
Roanoke, V i r g i n i a , serving the e n t i r e State of V i r g i n i a ,
through i t s subsidiary , C i t i c o r p Acceptance Company, Inc.
(4/29/82) 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 of an e x i s t i n g o f f i c e (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 6740 East Camel back Road, Suite 100, Scottsdale,
Arizona, serving the e n t i r e State of Arizona, through i t s
subsidiary, C i t i c o r p Acceptance Company, Inc. (4/29/82) 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 of an existing o f f i c e (the making of loans to
individuals and businesses to finance the purchase of mobile
homes, modular units or related manufactured housing, t o gether 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 10801 Lomas Boulevard, N.E.,
Suite 107, Albuquerque, New Mexico, serving the entire State
of New Mexico, through i t s subsidiary, Citicorp Acceptance
Company, Inc. (4/29/82) 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 of an e x i s t i n g o f f i c e (the making of loans to
individuals and businesess 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 5801 41st Street, Tulsa, Oklahoma, serving the
e n t i r e State of Oklahoma, through i t s subsidiary, Citicorp
Acceptance Company, Inc. (4/29/82) 3/
New York
C i t i c o r p , New York, New York, requests permission to establish a
de novo o f f i c e 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, for consumer and other purposes; the extension
of loans to dealers for 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
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 authority.
*4.2,
No. 1*
-13ACT1UNS OF THE BOARD-Continued
or level ( i n the case of single payment loans) term l i f e insurance
by licensed agents or brokers, as required; the making of loans to
individuals and businesses to finance the purchase of mobile homes,
modular u n i t s , 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; and the servicing, f o r any person, of loans and other
extensions of c r e d i t ; 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 Acceptance
Company, Inc.) at Prospect Road Professional Building, 875
Clare Lane, York, Pennsylvania, serving the States of Pennsylvania,
Maryland, Delaware, New Jersey, West V i r g i n i a , Virginia and
Connecticut, through i t s subsidiary, C i t i c o r p Acceptance
Company, Inc. (4/28/82) 3/
New York
Manufacturers Hanover Corporation, New York, New York,
requests permission to establish a de novo o f f i c e
engaging in the following a c t i v i t i e s (operating a t h r i f t
and loan as authorized by C a l i fo rn i a law, including the
acceptance of t h r i f t c e r t i f i c a t e s , making or acquiring
loans and other extensions of c r e d i t such as would be
made by a t h r i f t and loan, 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,
c r e d i t accident and health insurance and property insurance related to such loans and other extensions of
c r e d i t ) at 465 North Labrea Avenue, Los Angeles, Calif o r n i a , serving the State of C a l i f o r n i a , through i t s subsidiary,
Finance One T h r i f t of C a l i f o r n i a , Inc. (4/28/82) 3/
Nev York
Manufacturers Hanover Corporation, New York, New York,
requests permission to establish a de novo o f f i c e
engaging in the following a c t i v i t i e s (operating in an
i n d u s t r i a l bank as authorized by Colorado law, including
the acceptance of deposits, making, acquiring, and servicing loans and other extensions of c r e d i t such as would
be made by an i n d u s t r i a l bank, and acting as agent or
broker for the sale of single and j o i n t credit l i f e
insurance, c r e d i t accident and health insurance, and
property insurance, related to such loans and other
extensions of c r e d i t ) at 12308 W. 64th Avenue, Arvada,
Colorado, serving the counties of Boulder, southwestern
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. 18
- 14 ACTIONS OF THE BOARD-Continued
Weld, western Adams, western Arapahoe, northwestern Elbert,
Douglas, Jefferson, northern Park, southeastern Grant and
southeastern Larimer, through i t s subsidiary, Arvada Continental
Industrial Bank (4/29/82) 3/
Philadelphia
Univest Corporation of Pennsylvania, Souderton, Pennsylvania,
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 (in
the making or acquiring, f o r i t s own account or for the account of others, loans or other extensions of credit such
as would be made by a mortgage company and a l l powers necessary
and incident to the operations of such mortgage company which
shall be d i r e c t l y related to the extension of c r e d i t ; acting
as insurance agent or broker in o f f i c e s at which the holding
company or is subsidiaries or otherwise engage in business in
any insurance that is d i r e c t l y related to an extension of
c r e d i t by a bank or bank related firm or any insurance d i r e c t l y related to the provision of other financial services
by a bank or such bank related firm) at 14 Main Street,
Souderton, Pennsylvania, serving Pennsylvania, New Jersey
and Delaware, through i t s subsidiary, Univest Mortgage
Company (4/30/82) 3/
Richmond
Southern Bancorporation, I n c . , Greenville, South Carolina,
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 extensions of credit as a licensed consumer f i nance lender; acting as agent for credit and accident
insurance w r i t t e n in connection with such extensions of
c r e d i t ; and acting as agent for credit property insurance
w r i t t e n soley in connection with such extensions of c r e d i t )
at 113 South Paterson Street, Valdosta, Georgia, the
geographic area to be served includes the c i t y of Valdosta
and parts of Lowndes county, through a subsidiary, World
Acceptance Corporation (4/28/82) 3/
Richmond
Virginia National Bankshares, I n c . , Norfolk, V i r g i 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,
acquiring, and servicing, for i t s own account or for the
account of others, loans secured p r i n c i p a l l y by second
mortgages on real property and acting as an agent in the
sale of c r e d i t l i f e insurance and accident and health
insurance in connection with such loans) at 4950 West
Kennedy Boulevard, Tampa, Florida and North Regency One,
9485 Regency Square Building, Jacksonville, Florida,
the trade areas w i l l be Tampa and Jacksonville,
respectively and t h e i r environs, through a subsidiary,
VNB Equity Corporation (4/29/82) ^ /
3/ 4|fcT(^) notificatTorT processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 18
- 15 ACTIONS OF THE BOARD-Continued
Kansas City
The F i r s t National Bancorporation, I n c . , Denver, Colorado,
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 n providing data processing confirmation services and
reports, including technical assistance on i n t e r p r e t i n g
and using the confirmation reports to correspondent banks
and savings and loans associations of i t s subsidiary bank,
The F i r s t National Bank of Denver, Denver, Colorado) at
633 17th Street, Denver, Colorado, the geographic area to be
served includes the State of Colorado and Albany County in
Wyoming (4/27/82) 3/
San
Francisco
Seafirst Corporation, Seattle, Washington, 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 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; leasing personal property) at 18125 Andover
Park West, Tukwila, Washington, serving the States of Washington,
Oregon, Idaho, Montana, Alaska and C a l i f o r n i a , through i t s whollyowned subsidiary, Seafirst Dealer Banking Corporation (4/26/82) 3/
San
Francisco
U.S. Bancorp, Portland, Oregon, 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 (real estate appraisal a c t i v i t i e s , i n cluding appraisals of commercial and residential real estate for
i t s customers and outside c l i e n t s in conformance with the
provisions of Section 225.4(a)(14) of Regulation Y) in Oregon
and Washington, the geographic area to be served would be the
States of Oregon and Washington, through i t s subsidiary, U.S.
Creditcorp (4/27/82) 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. 18
-16APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
New York
The Bank of New York, New York, New York. To establish an
o f f s i t e electronic f a c i l i t y at Reader's Digest Association,
I n c . , Reader's Digest Road, (Unincorporated area), town of
New Castle, Westchester County, New York. 2/
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 .
A branch o f f i c e in the v i c i n i t y of the intersection of
Madison Avenue and Greenback Lane, unincorporated
community of Orangevale, Sacramento County, C a l i f o r n i a . 2/
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 .
A branch o f f i c e in the v i c i n i t y of the intersection of
Brookhurst Street and La Alameda Avenue, City of Fountain
Valley, Orange County, C a l i f o r n i a . 2/
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 .
A branch o f f i c e in the v i c i n i t y of the intersection of
i n t e r s t a t e Highway 10 and Haven Avenue, City of Ontario,
San Bernardino County, C a l i f o r n i a . 2J
Richmond
St. Michaels Bank, St. Michaels, Maryland. To establish a
branch in the Tidewater Inn, Harrison and Dover Streets,
Easton, Talbot County, Maryland. 2/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Richmond
Bank of the Commonwealth, Norfolk, V i r g i n i a . 2/
Kansas City
Valley Bank, Eagle, Colorado. 2/
2/
Application subject to Community Renvestment 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 to the length of the comment period.
H.2, i n 82 No. 1«
- 17 APPLICATIONS RECEIVED-Continued
Applications and N o t i f i c a t i o n s f o r International
investments and Other Actions Pursuant t o Sections
<;5 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
New Yo-k
Bankers Trust Company, New York, New York: request consent
to consolidate i t s banking Edge corporations i n Miami,
Chicago, Houston and Los Angeles i n t o one, headquartered
i n Miami, F l o r i d a ; t o convert the o f f i c e s of Edges i n
Chicago, Houston and Los Angeles i n t o branches of Miami
Edge; and to amend Miami Edge's A r t i c l e s of Association.
* * * * *
To Establish an Overseas Branch of a Member Bank
Pursuant t o Section 25 of the Federal Reserve Act
Cleveland
F i r s t National Bank of C i n c i n n a t i , C i n c i n n a t i , Ohio: request
consent t o e s t a b l i s h a branch i n George Town, Grand Cayman,
B r i t i s h West Indies.
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o Section
3(a)(1) of the Bank Holding Company Act of 1956
Philadelphia
Susquehanna Bancshares, I n c . , L i t i t z , Pennsylvania, f o r
approval t o acquire 100 percent of the voting shares of
Farmers F i r s t Bank, L i t i t z , Pennsylvania. 2/
Cleveland
Bluegrass Bancshares, I n c . , Lexington, Kentucky, f o r approval
t o acquire at least 51 percent and up t o 100 percent of the
voting shares of Bank of the Bluegrass, Lexington, Kentucky. 2/
Cleveland
F i r s t Prestonburg Bancshares, I n c . , Prestonsburg, Kentucky,
f o r approval to acquire at least 83.3. percent of the
voting shares of The F i r s t Commonwealth Bank of Prestonsburg,
I n c . , Prestonsburg, Kentucky. 2/
2/
A p p l i c a t i o n subject to 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 to the length of the comment period.
H.2. 198? No. 18
- 1 8 -
APPLICATIONS RECEIVED-Continued
Richmond
F i d e l i t y BancShares (N.C.), I n c . , Fuquay-Varina, North Carolina,
f o r approval to acquire 100 percent of the voting shares of
the successor by merger t o The F i d e l i t y Bank, Fuquay-Varina,
North Carolina. 2/
Richmond
Southern BancShares (N.C,), I n c . , Mount O l i v e , North Carolina,
f o r approval to acquire 100 percent of the voting shares of
the successor by merger to Southern Bank and Trust Company,
Mount O l i v e , North Carolina. 2/
Atlanta
f i r s t American A c q u i s i t i o n Corp., Kingsport, Tennessee, f o r approval to acquire at least 50 percent of the voting shares of
f i r s t Eastern National Bank, Kingsport, Tennessee. 2/
Atlanta
N.F.8. Corporation, Madison, F l o r i d a , f o r approval to acquire
at least SO percent of the voting shares of Bank of Madison,
County, Madison County, F l o r i d a . 2/
Atlanta
The Peoples National Bancorp, I n c . , S h e l b y v i l i e , Tennessee,
f o r approval to acquire 100 percent of the voting shares
of the successor by merger to The Peoples National Bank of
S h e l b y v i I l e , Shelbyvilie, Tennessee. 2/
Chicago
Early Bankshares, I n c . , Early, Iowa, for approval to acquire
at least 80 percent of the voting shares of Early Savings
Bank, Early, Iowa. 2 /
Chicago
Maiden Bancorp, I n c . , Maiden, I l l i n o i s , for approval to
a c q u i t at least 50 percent of the voting shares of The
farmer* and Traders State Bank of Maiden, I l l i n o i s , Maiden,
11 h o r n s . 2/
Chicago
United Community Financial Corporation, Wayland, Michigan, for
approval to acquire 100 percent of the voting shares of the
successor by merger to United Community Bank, Wayland,
Michigan. 2/
St. louii,
la ue dancshares, I n c . , Hodgenville, Kentucky for approval to
atqui re at least 80 percent of the voting shares of The
Peoples State Bank, Hodgenville, Kentucky. 2 /
ilinn <3pq! j.
2T
*
bam.or purat ion, I n c . , Newport, Minnesota f o r approval t o
ac|u:"e 100 percent of the voting shares of National Bank of
(omnerce in Mankato, Mankato, Minnesota. 2/
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. 18
- 19
APPl1CAT 1ONS RECEIVED-Conti nued
Minneapolis
Town & Country Banshares, Inc., Newport, Minnesota, for approval
to at.-.uire 100 percent of the voting shares of Town and Country
Bank - Maplewood, Maplewood, Minnesota. 2/
Kansas City
Coloraao River Bancorp, Clifton, Colorado, for approval to
acquire 100 percent of the voting shares of Bank of Clifton,
Clifton, Colorado. 2/
Kansas City
First Securities Investment, Inc., Beaver, Oklahoma, for approval
to acquire at least 89.9 percent of the voting shares of The
First Security Bank, Beaver, Oklahoma. 7J
Dallas
First A'amogordo Bancorp, Inc., Alamogordo, New Mexico, for
approval to acquire at least 80 percent of the voting shares
of First National Bank in Alamogordo, Alamogordo, New Mexico. 2J
Oflllar
Highlands Bancshares, Inc., Highlands, Texas, for approval to
acquire at least 93.5 percent of the voting shares of
Highlands State Bank, Highlands, Texas. 1)
Dallas
Troup Bancshares Inc., Troup, Texas, for approval to acquire
at least 80 percent of the voting shares of Troup Bank 8 Trust
Company, Troup, Texas, y
Sar
Francisco
MBC Corp., Modesto, California, for approval to acquire 100
percent of the voting shares of Modesto Banking Company,
Modesto, California. 2J
San
Francisco
Professional Bancorp, Santa Monica, California, for approval
to acquire 100 percent of the voting shares of First
Professional Bank of Los Angeles, N.A., Santa Monica,
California, a proposed new bank. 2/
San
Francisco
Transcorp, Beverly H i l l s , California, for approval to acquire
100 percent of the voting shares of The Bank of Beverly H i l l s ,
Beverly H i l l s , California. 2J
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. 18
- 20 APPLICATIONS RECEIVED-Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Atlanta
SouthTrust Corporation, Birmingham, Alabama, for approval
to acquire at least 90.0 percent of the voting shares
of The First National Bank of Piedmont, Piedmont, Alabama. 2J
Kansas City
Colorado National Bankshares, Inc., Denver, Colorado, for
approval to acquire 100 percent of the voting shares of
Republic National Bank of Englewood, Englewood, Colorado. 2/
Kansas City
Crown Bancshares, Inc., Kansas City, Missouri, for approval
to acquire 22.5 percent of the voting shares of Merchants
Bancorporation, Topeka, Kansas, and indirectly The Merchants
National Bank of Topeka, Topeka, Kansas. 2J
Dallas
Bank Securities, Inc., Albuquerque, New Mexico, for approval
to acquire 100 percent of the voting shares of International
State Bank, Raton, New Mexico. 2J
Dallas
North Texas Bancshares, Inc., North Richland H i l l s , Texas, for
approval to acquire 100 percent of the voting shares of
Arlington State Bank, Arlington, Texas. 2/
Dallas
State Bancshares, Inc., L i t t l e f i e l d , Texas, for approval to
acquire 58.78 percent of the voting shares of West Texas
Bancshares, Inc., Muleshoe, Texas and indirectly Muleshoe
State Bank, Muleshoe, Texas. 2/
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
St. Louis
2/
Dixie Bancshares Corp., New Madrid, Missouri, for approval
to merge with Hunter Farms, Inc., New Madrid, Missouri, and
indirectly acquire at least 80 percent of Peoples Bank of
Li 1 bourn, Li 1 bourn, Missouri. 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, 19%2 No. 18
-21APPLICATIQNS RECEIVED-Continued
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
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 e x i s t i n g o f f i c e ( i n the making of loans
t o United States exporters to finance purchases of goods and
services of United States manufacture or o r i g i n and/or costs
incidental thereto) at 399 Park Avenue, New York, New York,
through i t s subsidiary, Citicorp Export Credit Corporation
(4/28/82)
'Jew York
Manufacturers Hanover Corporation, New York, New York, requests
permission to expand the service area and a c t i v i t i e s of an
e x i s t i n g o f f i c e (making or acquiring of direct loans, secured
or unsecured, such as would be made by a finance company;
and acting as agent or broker f o r the sale of credit l i f e
insurance d i r e c t l y related to such lending a c t i v i t y ; previously
approved a c t i v i t i e s include arranging, making or acquiring
for i t s own account or f o r the account or others, loans
and other extensions of c r e d i t secured by a homeowner's
equity i n t e r e s t in a home such as would be made by a consumer
finance company, servicing such loans and other extensions
of c r e d i t for 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 insurance which
is d i r e c t l y related to such loans and extensions of c r e d i t ;
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
e n t i r e State of Tennessee) at Centrum Building, 6363 Popular
Avenue, Memphis, Tennessee, through i t s subsidiary, Finance
One of Tennessee, Inc. (4/26/82)
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to expand the service area and a c t i v i t i e s of an
e x i s t i n g o f f i c e (making or acquiring of direct loans, secured
or unsecured, such as would be made by a finance company; and
acting as agent or broker for the sale of credit l i f e insurance
d i r e c t l y related to such lending a c t i v i t y ; previously approved
a c t i v i t i e s include arranging, making, acquiring, or servicing,
f o r i t s own account or for the account of others, loans and
other extensions of c r e d i t secured by an equity interest in
a home; and acting as agent or broker f o r the sale of credit
l i f e and c r e d i t accident and health insurance; purchasing
intallment sales finance contracts, and acting as agent or
broker for the sale of c r e d i t related l i f e and accident and
health insurance; 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 e n t i r e State of Florida) at Paragon Center,
5201 W. Kennedy Boulevard, Tampa, Florida, through i t s subs i d i a r y , Finance One of F l o r i d a , Inc. (44/26/82)
H.2, 1982 No. 18
- 22 APPLICATIONS RECEIVED-Continued
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to expand the service area and a c t i v i t i e s of an
e x i s t i n g o f f i c e (making or acquiring of d i r e c t loans, secured
or unsecured, such as would be made by a finance company; and
acting as agent or broker f o r the sale of c r e d i t l i f e insurance
d i r e c t l y related to such lending a c t i v i t y ; previously approved
a c t i v i t i e s include purchasing installment sales finance contracts,
and acting as agent or broker for the sale of single c r e d i t
l i f e insurance and c r e d i t accident and health insurance which is
d i r e c t l y related to such loans and extensions of c r e d i t ; purchasing motor vehicle sales finance contracts, and the sale of
c r e d i t l i f e insurance d i r e c t l y related to such lending a c t i v i t y ;
arranging, making or acquiring f o r i t s own account or f o r the
account of o t h e r s , loans and other extensions of c r e d i t secured
by a homeowner's equity i n t e r e s t i n a home 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 agent or
broker f o r the sale of single c r e d i t l i f e 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 ; 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 to include the e n t i r e
State of Alabama) at Independence Drive & 29th Avenue, South,
Homewood, Alabama, through i t s subsidiary, Finance One of
Alabama, Inc. (4/26/82)
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission t o expand the service area and a c t i v i t i e s of an
e x i s t i n g o f f i c e (making or acquiring of d i r e c t loans, secured
or unsecured, such as would be made by a finance company; and
acting as agent or broker f o r the sale of c r e d i t l i f e insurance
d i r e c t l y r e l a t e d t o such lending a c t i v i t y ; previously approved
a c t i v i t i e s include arranging, making or acquiring f o r i t s own
account or f o r the account of others, loans and other extensions of c r e d i t secured by a homeowners's equity i n t e r e s t
i n a home such as would be made by a consumer finance company,
s e r v i c i n g such loans and other extensions of c r e d i t f o r any
person, a c t i n g 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 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 ; and purchasing i n s t a l l ment sales finance contracts and acting as an agent or broker
for 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 is d i r e c t l y related
t o such loans and extensions of c r e d i t ; 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 to include the e n t i r e State of New Jersey)
at Central Square O f f i c e #1, Central Avenue & New Road Route 9,
Linwood, New Jersey, through i t s subsidiary, Finance One of
New Jersey, Inc. (4/26/82)
i
H.2, 1982 No. 18
- 23 APPLICATIONS RECEIVED-Continued
New York
Manufacturers Hanover Corporation, New York, New York, to
engage through its indirect subsidiaries, Ritter Life Insurance
Company and Tempco Life Insurance Company, in the activity of
reinsuring certain types of creditrelated insurance sold in
connection with extensions of credit by Applicant's indirect
consumer finance subsidiaries in the State of Connecticut,
Kentucky, Oregon, and Washington (4/27/82)
New York
Peoples Bancorp, B e l l e v i l l e , New Jersey, requests permission
to establish a de novo office engaging in the following
a c t i v i t i e s (processing data and safekeeping of documents at
its New Jersey office involving third party automobile leases;
the company w i l l report on payments and compliance by the
borrower and insure the f i l i n g of vehicle registrations and t i t l e
documents on behalf of the lessor and lender; the company wi11
also obtain proof of insurance and remit sales taxes to various
jurisdictions) at 237 Washington Avenue, Belleville, New Jersey,
through its subsidiary, Peoples Financial Services Corp. (4/28/82)
Richmond
Maryland National Corporation, Baltimore, Maryland, notification
of intent to engage in de novo activities (engaging generally
in the business of a mortgage banker, mortgage broker and
mortgage servicing firm, including but not limited to, second
mortgage financing; originating, buying, selling and otherwise
dealing in mortgage loans as principal or agent; servicing
mortgage loan and second mortgage loan transactions; making or
acquiring, for its own account or for the account of others,
loans and other extensions of credit such as would be made
by a finance company or consumer finance company, making or
acquiring, for its own account or for the account of others,
loans and other extensions of credit such as would be made by
a credit card company; 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;
originating, buying, selling or otherwise dealing in consumer
finance paper, sales finance paper, credit card receivables
and personal property leases as principal or agent; servicing
consumer finance, sales finance and credit card receivables,
and personal property leases for a f f i l a t e d or nonaffiliated
e n t i t i e s ; and engaging in the sale as agent of credit l i f e ,
credit d i s a b i l i t y , credit accident and health, loan redemption
and loan cancellation insurance in connection with extensions
of credit by bank and nonbank subsidiaries of the holding
company; loan redemption and loan cancellation insurance w i l l
be limited to decreasing term policies and w i l l not include
level terra policies) at 153 East Chestnut H i l l Road, Newark,
Delaware, through i t s subsidiary, National Consumer Discount
Company (Z4/26/82)
H.2, 1982 No. 18
-24APPLICATIONS RECEIVED-Continued
St. Louis
Dixie Bancshares Corp., New Madrid, Missouri, for approval
to retain and service certain notes receivable related to
previous business a c t i v i t i e s .
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota, for approval
to acquire 100 percent of the voting shares of Dial Corporation,
Des Moines, Iowa.
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota, notification
of intent to engage in de novo activities (making or acquiring
loans or other extensions of credit such as would be made by
a commercial finance company, including loans secured by
borrower's inventory, accounts receivable, or other assets;
servicing such loans for others; and making leases of personal
property in accordance with the Board's Regulation Y) at
Seventh and Walnut Streets, Des Moines, Iowa, serving Iowa,
Nebraska, Kansas, Missouri, I l l i n o i s and South Dakota, through
its subsidiary, Banco Financial Corporation (4/23/82)
Minneapo)is
Northwest Bancorporation, Minneapolis, Minnesota, notification of
intent to engage in de novo activities (venture capital investment, including secured and unsecured lending investments)
at 1730 Midwest Plaza Building, Minneapolis, Minnesota; 1300
S.W. Fifth Avenue, Suite 3018, Portland, Oregon, and 7625
West Fifth Avenue, Suite 202, Lakewood, Colorado, through a
subsidiary, Northwest Growth Capital, Inc. (4/23/82)
Kansas City
International Bancshares of Oklahoma, Inc., Yukon, Oklahoma,
for approval to acquire 100 percent of the voting shares of
Citizens Mortgage Corporation, Oklahoma City, Oklahoma, and
thereby engage in the mortgage company business, including
making or acquiring, for i t s own account or the account of
others, loans and other extensions of credit, and servicing
loans and others extensions of credit.
San
Francisco
BankAmerica Corporation, San Francisco, California, notification
of intent to engage in de novo activities (making or acquiring
for its own account loans and other extensions of credit such
as would be made or acquired by a finance company; servicing
loans and other extensions of credit; and offering creditrelated l i f e insurance, credit-related accident and health
insurance, and credit-related property insurance in each state
except California, where credit-related property insurance
w i l l not be offered; such activities w i l l include, but not
be limited to, making consumer installment loans, purchasing
installment sales finance contracts, making loans and other
extensions of credit to small businesses, making loans and other
extensions of credit secured by real and personal property, and
offering credit-related l i f e , credit-related accident and
I
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H.2, 1982 No. 18
- 25 APPLICATIONS RECEIVED-Continued
health and c r e d i t - r e l a t e d property insurance, except where
otherwise noted above, d i r e c t l y related to extensions of
c r e d i t made or acquired by each of the three corporations)
at 9011 S. W. Beaverton - H i l l s d a l e Highway, Portland,
Oregon, serving the e n t i r e States of Oregon, C a l i fo rn i a
and Washington; 3017 N. Cole Road, Boise, Idaho, serving
the e n t i r e States of Idaho, Oregon and Montana and 3001
Henderson Drive, Suite N, Cheyenne, Wyoming, serving the
e n t i r e States of Wyoming, Montana and Nebraska, through i t s
i n d i r e c t subsidiaries, FinanceAmerica Corporation (an Idaho
Corporation), FinanceAmerica Corporation (an Oregon Corporat i o n ) and FinanceAmerica Corporation (a Wyoming Corporation)
(4/28/82)
San
Francisco
F i r s t Interstate Bancorp, Los Angeles, C a l i f o r n i a , f o r approval
to acquire 100 percent of the voting shares of Thomas L.
Karsten Associates, Los Angeles, C a l i f o r n i a .
*
*
*
*
*
REPORTS RECEIVED
Current Report Filed Pursuant t o Section 13 of the
Securities Exchange Act
Peoples Bank of Danville
Danville, V i r g i n i a .
*
*
*
*
*
Proxy Statement (Special Meeting) Filed Pursuant to
Section 14(a) of the Securities Exchange Act
Commercial Trust Company of New Jersey
Jersey C i t y , New Jersey.
*
*
*
*
*
PETITIONS FOR RULEMAKING
None.
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@FedFRASER