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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1984 No. 19
Actions of the Board; Applications and Reports
Received During the Week Ending May 12, 1984
APPLICABLE
RESERVE BANK

ACTIONS OF THE BOARD

Boston

Liberty Bank for Savings, Middletown, Connecticut, proposa
to acquire the assets and assume the liabilities of the
East Hampton, Connecticut office of Jefferson Federal
Savings and Loan Association, Meriden, Connecticut;
report to the Federal Deposit Insurance Corporation on
competitive factors. ]_/

New York

Manufacturers & Traders Trust Company, Buffalo, New York,
an investment in bank premises. \J

New York

Allied Bank International, New York, New York, extension
of time to February 1, 1985, within which to dispose of
its Grolier holdings. J_/

New York

First Jersey National Bank, Jersey City, New Jersey, appli
cation to purchase the assets and assume the liabilities
of several branches of First National State Bank and
Fidelity Union Bank/First National State, both of Newark
New Jersey; report to the Comptroller of the Currency on
competitive factors. V

Philadelphia

Southern Jersey Bancorp, Bridgeton, New Jersey, extension
of time to August 10, 1984, within which to become a
bank holding company through the acquisition of The
Farmers and Merchants National Bank of Bridgeton,
Bridgeton, New Jersey. 1_/

Philadelphia

Chambersburg Trust Company, Chambersburg, Pennsylvania,
proposal to merge with CTC Interim Bank, Chambersburg,
Pennsylvania, under the charter of the latter and with
the title of the former; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/

T7
“

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 19

- 2 ACTIONS OF THE BOARD - Continued

Philadelphia

Hazleton National Bank, Hazleton, Pennsylvania, proposed
merger with FV Interim National Bank, Bethlehem,
Pennsylvania, under the charter of the latter and with
the title of the former; report to the Comptroller of
the Currency on competitive factors. V

Cleveland

Croghan Bancshares, Inc., Fremont, Ohio, extension of
time to August 22, 1984, within which to acquire The
Croghan Colonial Bank, Fremont, Ohio. J1/

Richmond

Anchor Financial Corporation, Myrtle Beach, South Carolina,
extension of time to July 1, 1984, within which to become
a bank holding company through the acquisition of The
Anchor Bank of Myrtle Beach, Myrtle Beach, South Carolina. V

Richmond

Bank of Christiansburg, Christiansburg, Virginia, an invest­
ment in bank premises. ]_/

Richmond

First National Bank, Orangeburg, South Carolina, proposed
acquisition of the Bamberg and Denmark offices of First
National Bank of South Carolina, Columbia, south Carolina;
report to the Comptroller of the Currency on competitive
factors. ]_/

Richmond

M & M Financial Corporation, Oak Hill, West Virginia,
extension of time to July 23, 1984 within which to
become a bank holding company through the acquisition
of the successor by merger to The Merchants & Miners
National Bank of Oak Hill, Oak Hill, West Virginia. 1/

Richmond

Merchants & Miners National Bank of Oak Hill, Oak Hill,
West Virginia, proposed merger with M & M Bank, National
Association, Oak Hill, West Virginia, a proposed new bank;
report to the Comptroller of the Currency on competitive
factors. ]_/

Atlanta

National Bank of Commerce of Deridder, Deridder, Louisiana,
proposed merger with Deridder National Bank, Deridder,
Louisiana; report to the Comptroller of the Currency on
competitive factors. V/

Atlanta

Southtrust Bank, Auburn, Alabama, proposed merger with
Citibanc of Alabama, Tuskegee, Alabama; report to the
Federal Deposit Insurance Corporation on competitive
factors. 1/

T7

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 19

- 3 ACTIONS OF THE BOARD - Continued

Atlanta

Georgia Bancshares, Inc., Macon, Georgia, extension of
time to July 24, 1984, within which to acquire The First
State Bank of Fitzgerald, Fitzgerald, Georgia. ]_/

Chicago

Citizens Commercial & Savings Bank, Flint, Michigan, an
investment in bank premises. ]_/

Chicago

Monticello National Bank, Monticello, Illinois, proposal
to merge with National Bank of Monticello, Monticello,
Illinois, under the charter of Monticello National Bank,
and title of National Bank of Monticello; report to
the Comptroller of the Currency on competitive factors. J/

Chicago

National Bank of Monmouth, Monmouth, Illinois, proposal to
merge with Monmouth City National Bank, Monmouth, Illinois,
under the charter of Monmouth City National Bank, and
title of The National Bank of Monmouth; report to the
Comptroller of the Currency on competitive factors. J_/

Chicago

Louis Joliet Bank and Trust Company, Joliet, Illinois,
proposal to merge with West Jefferson Bank, Joliet,
Illinois, under the charter and title of Louis Joliet
Bank and Trust Company; report to the Federal Deposit
Insurance Corporation on competitive factors. _]/

Chicago

First National Bank of Galena, Galena, Illinois, proposal
to purchase the assets and assume certain liabilities
of State Bank of Scales Mound, Scales Mound, Illinois,
under the charter and title of The First National Bank
of Galena; report to the Comptroller of the Currency
on competitive factors. V

Chicago

West Central Illinois Bancorp, Inc., Monmouth, Illinois,
extension of time to August 13, 1984, within which to
become a bank holding company through the acquisition
of The National Bank of Monmouth, Monmouth, Illinois. J_/

Chicago

Midwest Bancshares, Inc., Park Forest South, Illinois,
extension of time to June 25, 1984, within which to
become a bank holding company through the acquisition
of Heritage Bank of Park Forest South, Park Forest
South, Illinois. V

Chicago

Orion Bancorporation, Inc., Orion, Illinois, extension
of time to June 30, 1984, within which to become a
bank holding company through the acquisition of State
Bank of Orion, Orion, Illinois. 1/

T7

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 19

- 4 ACTIONS OF THE BOARD - Continued

St. Louis

First Service Bancshares, Inc., Greenville,
extension of time to July 1, 1984, within
become a bank holding company through the
of the successor by merger to First State
Greenville, Kentucky,

y

St. Louis

Kentucky,
which to
acquisition
Bank of

Central Bank of Clayton, Clayton, Missouri, proposed
merger with Lindbergh Bank, Hazelwood, Missouri, and
Commercial Bank of St. Louis County, Olivette, Missouri;
report to the Federal Deposit Insurance Corporation on
competitive factors,

y

St. Louis

Planters Financial Corporation, Hopkinsville, Kentucky,
extension of time to August 17, 1984, within which to
become a bank holding company through the acquisition
of the successor by merger to Planters Bank & Trust
Company, Hopkinsville, Kentucky,

y

St. Louis

Planters Bank & Trust Company, Hopkinsville, Kentucky,
extension of time to August 17, 1984, within which to
merge with Big Friendly Bank Corporation, Hopkinsville,
Kentucky,

y

St. Louis

Carlinville National Bank, Carlinville, Illinois, proposal
to merge with C.N.B. National Bank, Carlinville, Illinois;
report to the Comptroller of the Currency on competitive
factors,

y

Kansas City

Cedar Security Bank, Fordyce, Nebraska, proposal to acquire
substantially all of the assets and liabilities of Wynot
Cooperative Credit Association, Wynot, Nebraska; report
to the Federal Deposit Insurance Corporation on competitive
factors,

y

Kansas City

Firstbank Holding Company of Colorado, Lakewood, Colorado,
extension of time to August 6, 1984, within which to
acquire its insurance activities through Colorado Firstbank Life Insurance Company, Littleton, Colorado,

y

Kansas City

Wilson Bancshares, Inc., Wilson, Oklahoma, extension of time
to June 28, 1984, within which to acquire Bank of Wilson,
Wilson, Oklahoma,

y

Dallas

Louisiana Central Bank, Ferriday, Louisiana, proposed
merger with Louisiana Central Interim Bank, Ferriday,
Louisiana; report to the Federal Deposit Insurance
Corporation on competitive factors,

y

y

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 19

- 5 -

ACTIONS OF THE BOARD - Continued
San
Francisco

TJ

Trans-Pacific Bancorp, San Francisco, California, extension
of time to August 9, 1984, to become a bank holding com­
pany through the acquisition of Trans-Pacific National
Bank, a proposed new bank, San Francisco, California. 1/

Application processed on behalf of the Board of Governors under
delegated authority.




- 6 -

H.2, 1984 No. 19

ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act

New York

Approved
Central Trust Company, Rochester, New York. To establish
an offsite electronic facility at 204 Main Street,
Village of Brockport, Town of Sweden, County of Monroe,
New York. ]J

New York

United Jersey Bank, Hackensack, New Jersey. To establish
an offsite electronic facility at Main Street (Route 49)
and Wade Boulevard, Millville, New Jersey. J_/

Richmond

Bank of Carroll, Hillsvilie, Virginia. To establish a
branch at 972 East Stuart Drive, Galax, Virginia. 1/

★

-k ic *

★

Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978

Minneapolis

Not Disapproved
Harlem Corporation, Billings, Montana.

Minneapolis

Bridger Company, Billings, Montana. J_/

Minneapolis

Waubay Bancorporation, Inc., Waubay, South Dakota. 1/

\J

* * * * *

Applications and Notifications for International
Investments and Other Actions 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 Company Act of 1956, as amended___________

New York

1_/

Approved
Citibank Overseas Investment Corporation, Wilmington, Delaware
grants consent to engage in certain futures commission
merchant activities on the Singapore International
Monetary Exchange.

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 19

- 7 ACTIONS OF THE BOARD - Continued

New York

Sixty-Day Notification Period Allowed to Expire
Citibank, N.A., New York, New York: no objection to
continue to hold shares of Grindlays Bank p.l.c., London,
England, after Grindlays makes an additional investment
in Grindlays Bahrain Bank B.S.C., Manama, Bahrain.

* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956

Boston

Approved
Community Bancorp, Inc., Hudson, Massachusetts, for
approval to acquire 100 percent of the voting shares
of The Hudson National Bank, Hudson, Massachusetts. 1/

Philadelphia

Albion Bancorp, Inc., Pen Argyl, Pennsylvania, for
approval to acquire 100 percent of the voting shares
of The Pen Argyl National Bank, Pen Argyl, Pennsylvania. J_/

Cleveland

Florence Bancorp Services, Inc., Florence, Kentucky, for
approval to acquire 100 percent of the voting shares of
Florence Deposit Bank, Florence, Kentucky. J7

Richmond

Chesapeake Bank Corporation, Chesapeake, Virginia, for
approval to acquire 100 percent of the voting shares
of the successor by merger to Chesapeake Bank & Trust,
Chesapeake, Virginia. ]_/

Atlanta

First Sterling Bancshares, Inc., Winter Haven, Florida,
for approval to acquire at least 80 percent of the
voting shares of First Sterling Bank, Winter Haven,
Florida. J/

Chicago

COAL CITY CAPITAL C0RP, Coal City, Illinois, for approval
to acquire 80 percent of the voting shares of Bank of
Coal City, Coal City, Illinois. J/

St. Louis

Helena Bancshares, Inc., Helena, Arkansas, for approval
to acquire at least 80 percent of the voting shares of
Helena National Bank, Helena, Arkansas. JJ

St. Louis

Mansfield Bankstock, Inc., Mansfield, Arkansas, for approval
to acquire at least 80 percent of the voting shares of
Bank of Mansfield, Mansfield, Arkansas. 1/

T?

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 19

- 8 ACTIONS OF THE BOARD - Continued

St. Louis

Schuyler County Bancshares, Inc., Lancaster, Missouri,
for approval to acquire at least 99.6 percent of the
voting shares of Schuyler County State Bank, Lancaster,
Missouri. J_/

St. Louis

State Holding Company, Sherwood, Arkansas, for approval
to acquire 80 percent or more of the voting shares of
First State Bank, Sherwood, Arkansas. 1/

Minneapolis

Wabasha Holding Company, Wabasha, Minnesota, for approval
to acquire 91.83 percent of the voting shares of First
State Bank of Wabasha, Wabasha, Minnesota. V

Kansas City

Bolder Bancorporation, Boulder, Colorado, for approval to
acquire at least 80 percent of the voting shares of Bank
of Boulder, Boulder, Colorado. ]_/

Kansas City

Laverne Bancshares, Inc., Laverne, Oklahoma, for approval
to acquire at least 80 percent of the voting common shares
of The First National Bank of Laverne, Laverne, Oklahoma. ]J

Kansas City

Waynoka Bancshares, Inc., Waynoka, Okalahoma, for approval
to acquire 100 percent of the voting shares of First
State Bank, Waynoka, Oklahoma. ]_/

Dallas

Carrizo Bancshares Corporation, Carrizo Spring, Texas, for
approval to acquire 100 percent of the voting shares of
Union State Bank, Carrizo Spring, Texas. JJ

Dallas

Security National Bancorp, Inc., Shreveport, Louisiana,
for approval to acquire 80 percent of the voting shares
of Security National Bank of Shreveport, Shreveport,
Louisiana, jJ

Dallas

Weatherford National Bancshares, Inc., Weatherford,
Texas, for approval to acquire 80 percent of the voting
shares of Weatherford National Bank, Weatherford, Texas,
a proposed new bank. J_/

San
Francisco

Commercial National Bancorp, Beverly Hills, California,
for approval to acquire 100 percent of the voting shares
of Commercial National Bank, a proposed new bank, Los
Angeles, California. ]_/

1/

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 19

- 9 ACTIONS OF THE BOARD - Continued

To Expand a Bank Holding Company Pursuant to Section
(a)(3) of the Bank Holding Company Act of 1956

Atlanta

Atlanta

Withdrawn
Sunset Financial Corporation, Miami, Florida, for approval
to acquire at least 80 percent of the voting shares of
Universal Bank, Boynton Beach, Florida, a proposed new
bank. 1/

Approved
Vista Banks, Inc., DeLeon Springs, Florida, for approval
to acquire 80 percent of the voting shares of Bank of
Belleview, Belleview, Florida. ]_/

Chicago

First of America Bank Corporation, Kalamazoo, Michigan,
for approval to acquire 100 percent of the voting shares
of The Citizens State Bank of Rudyard, Rudyard, Michigan.

Minneapolis

Beardsley Bancshares, Inc., Beardsley, Minnesota, for
approval to acquire 90.5 percent of the voting shares of
Buffalo Ridge State Bank of Ruthton, Inc., Ruthton,
Minnesota. }_/

Kansas City

Affiliated Bank Corporation of Wyoming, Casper, Wyoming,
for approval to acquire 100 percent of the voting shares
of The Wyoming National Bank of West Casper, Casper,
Wyoming, a proposed new bank. ]_/

Kansas City

Citizens Ban-Corporation, Rock Port, Missouri, for
approval to acquire 100 percent of the voting shares
of Ridgeway Bancshares, Inc., Bethany, Missouri; and
indirectly 98 percent of Farmers National Bank, Bethany
Missouri; and 100 percent of the voting and nonvoting
shares of Security Bancshares, Inc., Gallatin, Missouri;
and 20.12 percent of Albany State Bank, Albany, Missouri
and 100 percent of New Hampton Bancshares, Inc., New
Hampton, Missouri, and indirectly 99.6 percent of
First State Bank, New Hampton, Missouri, J_/

Dallas

American State Financial Corporation, Lubbock, Texas,
for approval to acquire 100 percent of the voting
shares of American State Bank of Snyder, Snyder, Texas,
a proposed new bank. JJ

1/

Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 19

- 10 ACTIONS OF THE BOARD - Continued

Dallas

Jefferson Bancshares, Inc., San Antonio, Texas, for
approval to acquire 100 percent of the voting shares
of Leon Valley Bank, San Antonio, Texas, a proposed
new bank. V

Dallas

Jersey Village Bancshares, Inc., Houston, Texas, for
approval to acquire 100 percent of the voting shares
of Great Western Bank, N.A., Houston, Texas, a proposed
new bank (formerly Sterling Bank, N.A., Houston, Texas,
a proposed new bank).
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956

Philadelphia

Approved
Meridian Bancorp, Inc., Reading, Pennsylvania, for
approval to acquire at least 99.6 percent of the
voting shares of American Business Credit Corporation,
Blue Bell, Pennsylvania. 1_/

Chicago

NBD Bancorp, Inc., Detroit, Michigan, for approval to
acquire Republic Mortgage Company, Southfield, Michigan. JJ

St. Louis

Mansfield Bankstock, Inc., Mansfield, Arkansas, for approval
to engage in real estate appraising. J_/

St. Louis

State Holding Company, Sherwood, Arkansas, for approval
to engage de novo, directly, in real estate appraisal
activities. 17

New York

V
3/

Permitted
Manufacturers Hanover Corporation, New York, New York,
requests permission to engage in de novo activities
(for a period not to exceed one year after commencement,
data processing services under the conditions set forth
in §225.25(b)(7) of Regulation Y in the State of New
Jersey), for North American Company for Property and
Casualty Insurance, Greenwich, Connecticut and North
American Company for Life and Health Insurance Chicago,
Illinois, through CIT Financial Corporation, New York,
New York (5/3/84) 3/

Application processed on behalf of the Board of Governors under
delegated authority.
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.




H.2, 1984 No. 19

- 11 ACTIONS OF THE BOARD - Continued

Philadelphia

Meridian Bancorp, Inc., Reading, Pennsylvania, noti­
fication of intent to engage in de novo activities
(in the sale of credit life, accident and health
insurance directly related to extensions of credit
made by Meridian Mortgage Corporation) initial
activities would be concentrated in the States of
Pennsylvania, New Jersey and Delaware, through
its subsidiary, Meridian Mortgage Corporation
(5/10/84) 3/

Minneapolis

S.B.T. Financial, Inc., Townsend, Montana, noti­
fication of intent to engage in de novo activities
(in data processing services for individuals,
partnerships and corporations, the data processing
services will consist of the preparation of finan­
cial and payroll information) these activities
will be offered in the City of Townsend, Montana,
and the counties of Broadwater, Louis & Clark,
Meagher, Gallatin and Jefferson (5/10/84) 3/

Dallas

Bay Bancshares, Inc., La Porte, Texas, notification
of intent to engage in de novo activities (in the
making, acquiring, or servicing for the company's
account or for the account of others residential
and commercial mortgage loans) the activities would
be performed at the applicants subsidiary offices
in the United States, through its subsidiary,
BayBanc Mortgage, Inc. (5/11/84) 3/

San
Francisco

Alameda Bancorporation, Inc., Alameda, California,
notification of intent to engage in de novo
activities (in making or acquiring mortgage
loans, servicing mortgage loans and other ex­
tensions of mortgage related credits) these
activities will be performed in the State of
California, through its subsidiary, First
Realcorp (5/9/84) 3/

San
Francisco

Alaska Pacific Bancorporation, Anchorage, Alaska,
notification of intent to engage in de novo
activities (in commercial lending activities,
including making or acquiring loans and other
extensions of credit, in conjunction with
corporate acquisitions, mergers or consolidations
to which Alaska Pacific or its affiliated companies
may be a party in accordance with the Board's
Regulation Y) these activities would be performed
through offices in Anchorage, Alaska, serving the
United States (5/9/84) 3/

37

4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.




H.2, 1984 No. 19

- 12 ACTIONS OF THE BOARD - Continued
Redemption of Shares

]_/

Chicago

Panora Financial Corp., Panora, Iowa.

Kansas city

CharterCorp, Kansas City, Missouri.

Dallas

First Bancshares of Texas, Inc., Longview, Texas.

1/

]_/

Application processed on behalf of the Board of Governors under
delegated authority.




]_/

H.2, 1984 No. 19

- 13 APPLICATIONS RECEIVED

To Establish a Domestic Branch Pursuant to Section 9
of the Federal Reserve Act
Atlanta

Boca Bank, Boca Raton, Florida. To establish a branch to
be located at 344 North Federal Highway, Boca Raton,
Florida. 2/
* * * * *

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Kansas City

Fort Collins 1st Industrial Bank, Fort Collins, Colorado. 2/

Chicago

Second Washington Bank, Naperville, Illinois.

2J

* * * * *

Applications and Notifications for International
Investments and Other Actions 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 Company Act of 1956, as amended___________
New York

Allied International Bancorp, Inc., Wilmington, Delaware:
requests the Board's after-the-fact consent to regularize
the investment of Applicant's subsidiary, Allied Bank
and Trust Company (Bahamas) Limited, Nassau, Bahamas,
in another subsidiary, Allied Pacific Corporation,
Panama City, Panama, and also requesting consent to
transfer this investment from Allied Bank and Trust
Company (Bahamas) Limited back to Allied International
Bancorp, Inc.

New York

Bank of Oman Overseas (USA) Inc., New York, New York:
requests consent to decrease its capital stock to
amend Article SEVENTH of its Articles of Association
to reflect this reduction. *
* * * * *

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, 1984 No. 19

- 14 APPLICATIONS RECEIVED - Continued

To Establish a U. S. Branch of an Edge Act Corporation
Pursuant to Section 25(a) of the Federal Reserve Act
San
Francisco

BankAmerica International, San Francisco, California,
an Edge Act subsidiary of Bank of America NT&SA,
San Francisco, California: prior notification of its
intent to establish a branch at 335 Madison Avenue,
New York, New York.
★ ★ ★ ★ ★

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
New York

Golden Pacific Bancorp, New York, New York, for approval
to acquire 80 percent of the voting shares of Golden
Pacific National Bank, New York, New York. 2/

Richmond

GuarantyShares of West Virginia, Inc., Huntington, West
Virginia, for approval to acquire 100 percent of the
voting shares of The Guaranty National Bank of
Huntington, Huntington, West Virginia. 2/

Richmond

Potomac Bankshares Company, Dumfries, Virginia, for
approval to acquire 38.06 percent of the voting
shares of The Prince William Bank, Dumfries, Virginia. 2/

Atlanta

Assumption Bancshares, Inc., Napoleonville, Louisiana,
for approval to acquire 100 percent of the voting shares
of Assumption Bank & Trust Company, Napoleonville,
Louisiana. 2/

Atlanta

Hancock Holding Company, Gulfport, Mississippi, for approval
to acquire 100 percent of the voting shares of Hancock
Bank, Gulfport, Mississippi. 2/

Atlanta

Universal Bancorp, Inc., Miami, Florida, for approval to
acquire 100 percent of the voting shares of Universal
National Bank, Miami, Florida, a proposed new bank. 2/

Chicago

First Washington Bancorp, Inc., Naperville, Illinois, for
approval to acquire 100 percent of the voting shares of
the successor by merger to Washington Bank and Trust
Company of Naperville, Naperville, Illinois. 2/

2/

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 No. 19

- 15 APPLICATIONS RECEIVED - Continued

Chicago

FNB Financial Corporation, Scottsburg, Indiana, for
approval to acquire at least 48.75 percent of the
voting shares of First National Bank of Scottsburg,
Scottsburg, Indiana. 2/

Chicago

Holcomb Bancorp, Inc., Holcomb, Illinois, for approval
to acquire 80 percent or more of the voting shares of
Holcomb State Bank, Holcomb, Illinois. 2/

Chicago

Liberty Bancorp, Inc., Broadview, Illinois, for approval
to acquire 87 percent or more of the voting shares of
Liberty Bank, Broadview, Illinois. 2/

Chicago

L & W, Inc., Portsmouth, Iowa, for approval to acquire
80 percent of the voting shares of State Bank of
Portsmouth, Portsmouth, Iowa. 2/

Chicago

Missouri Valley Financial Services, Inc., Council Bluff,
Iowa, for approval to acquire 58 percent of the voting
shares of Peoples State Bank, Missouri Valley, Iowa. 2/

Chicago

Rosholt Bancorporation, Rosholt, Wisconsin, for approval
to acquire 100 percent of the voting shares of The
State Bank of Rosholt, Rosholt, Wisconsin. 2/

Chicago

State Financial Services Corporation, Hales Corner, Wis­
consin, for approval to acquire 100 percent of the voting
shares of State Bank of Hales Corners, Hales Corners,
Wisconsin. 2/

Chicago

Stephenson National Bancorp, Inc., Marinette, Wisconsin,
for approval to acquire 90 percent of the voting shares
of The Stephenson National Bank and Trust, Marinette,
Wisconsin. 2/

Chicago

Soldier Valley Financial Services, Inc., Soldier Valley,
Iowa, for approval to acquire 100 percent of the voting
shares of Soldier Valley Savings Bank, Soldier, Iowa. 2/

St. Louis

First Citizens Bancshares Company, Marion, Arkansas, for
approval to acquire 80 percent of the voting shares of
Citizens Bank, Marion, Arkansas. 2/

Kansas City

Central Bancshares of Poteau, Inc., Poteau, Oklahoma,
for approval to acquire 80 percent of the voting shares
of Central National Bank of Poteau, Poteau, Oklahoma. 2/

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 comment period.




H.2, 1984 No. 19

- 16 APPLICATIONS RECEIVED - Continued

Kansas City

Hallam Bancorp, Inc., Hallam, Nebraska, for approval
to acquire 100 percent of the voting shares of Hallam
Bank, Hallam, Nebraska. 2/

Kansas City

Tuttle Bancshares, Inc., Tuttle, Oklahoma, for approval
to acquire 100 percent of the voting shares of Tuttle
Insurance Agency, Inc., Tuttle Insurance Agency, Inc.,
Tuttle, Oklahoma and directly acquire 24.6 percent of
Bank's voting stock of The Bank of Tuttle, Tuttle,
Oklahoma. 2/

Dallas

Atlanta Bancorp, Inc., Atlanta, Texas, for approval to
acquire 80 percent of the voting shares of The Atlanta
National Bank, Atlanta, Texas. 2/

Dallas

Community Capital Corp., Houston, Texas, for approval
to acquire 100 percent of the voting shares of Community
National Bank, Friendswood, Texas. 2/

Dallas

New Boston Bancshares, Inc., New Boston, Texas, for approval
to acquire 80 percent of the voting shares of The First
National Bank of New Boston, New Boston, Texas. 2/

San
Francisco

First Security Bancorp, Tacoma, Washington, for approval
to acquire 90 percent of the voting shares of First
Security Bank, Tacoma, Washington. 2/
* * ★ * ★

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Philadelphia

Continental Bancorp, Inc., Philadelphia, Pennsylvania,
for approval to acquire at least 100 percent of the
voting shares of United Penn Corporation, Wilkes-Barre,
Pennsylvania. 2J

Atlanta

First National Bancorp, Gainesville, Georgia, for
approval to acquire 100 percent of the voting shares of
Granite City Bank, Elberton, Georgia. 2/

2/

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 No. 19

- 17 APPLICATIONS RECEIVED - Continued

Correction:
Chicago

The application for Bank of Montreal, Montreal, Canada,
for approval to acquire indirectly through Harris Bankcorp,
Inc., Chicago, Illinois, 100 percent of the voting shares
of First Canadian Financial U.S. Holdings, Inc., New
York, New York, which appeared in H.2 No. 12, 1984 was
worded incorrectly. The correct wording should be
Bank of Montreal, Montreal, Canada, for approval to acquire
indirectly 100 percent of the voting shares of Harris
Bankcorp, Inc., Chicago, Illinois through First Canadian
Financial U.S. Holdings, Inc., New York, New York. 2/

Chicago

Community Banks, Inc., Middleton, Wisconsin, for approval
to acquire 80 percent of the voting shares or assets
of Brooklyn State Bank, Brooklyn, Wisconsin. 2/

Minneapolis

Security Richland Bancorporation, Miles City, Montana,
for approval to acquire 100 percent of the voting
shares of First National Bank of Glendive, Glendive,
Montana. 2/

Chicago

Town Financial Corporation, Hartford City, Indiana, for
approval to acquire 12.6 percent of the voting shares
of The Bank of Montpelier, Montpelier, Indiana. 2/

Kansas City

Affiliated Bank Corporation of Wyoming, Casper, Wyoming,
for approval to acquire 100 percent of the voting shares
of The Wyoming National Bank of West Casper, Casper,
Wyoming, a proposed new bank. 2/

Kansas City

Colorado Springs Banking Corporation, Colorado Springs,
Colorado, for approval to acquire up to 27.6 percent
of the voting shares of The Pueblo Bank and Trust
Company, Pueblo, Colorado. 2/

Kansas City

United Banks of Colorado, Inc., Denver, Colorado, for
approval to acquire control of Affiliated Bankshares
of Colorado, Inc., Boulder, Colorado, thereby gaining
indirect control of Intermountain Bankshares of Colorado,
Inc., Boulder, Colorado and the following banks: The
First National Bank of Englewood, Englewood, Colorado;
The Littleton National Bank, Littleton, Colorado;
Denver National Bank, Denver, Colorado; Lakeside
National Bank, Wheat Ridge, Colorado; Alameda National
Bank, Lakewood, Colorado; The Greeley National Bank,
Greeley Colorado; First National Bank in Loveland,

Yj

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 No. 19

- 18 APPLICATIONS RECEIVED - Continued
Loveland, Colorado; The Moffat County State Bank,
Craig, Colorado; Arapahoe National Bank of Boulder,
Boulder, Colorado; First National Bank of Louisville,
Louisville, Colorado; First National Bank of Lafayette,
Lafayette, Colorado, Bank of Manitou, Manitou Springs,
Colorado; First Colorado Bank, N.A., Colorado Springs,
Colorado; Cache National Bank of Greeley, Greeley, Colorado
Colorado; The Farmers National Bank of Ault, Ault; Colorado
Westlake First National Bank, Loveland, Colorado; First
Colorado Bank of Greeley, N.A., Greeley, Colorado; The
Colorado Bank & Trust company, Delta, Colorado; Fruita
State Bank, Fruita, Colorado; Montrose State Bank,
Montrose, Colorado; The First National Bank of Center,
Center, Colorado; Chaffee County Bank, Salida, Colorado;
First Colorado Bank of Pueblo, N.A., Pueblo, Colorado;
The First National Bank of Colorado Springs, Colorado
Springs, Colorado; Fort Carson National Bank, Fort
Carson, Colorado; University National Bank of Fort
Collins, Fort Collins, Colorado; First National Bank,
Westminster, Westminster, Colorado; and First National
Bank in Boulder, Boulder, Colorado. 2/

Dallas

Amarillo Western Bancshares, Inc., Amarillo, Texas, for
approval to acquire 100 percent of the voting shares
of City National Bank, Amarillo, Texas, a proposed
new bank. 2/

Dallas

American State Financial Corporation, Lubbock, Texas,
for approval to acquire 100 percent of the voting shares
of First National Bank, Snyder, Texas. 2/

Dallas

Independent Community Financial Corporation, Rockwall,
Texas, for approval to acquire 100 percent of the voting
shares of Wylie Bank, N.A., Wylie, Texas, a proposed
new bank and Balch Springs Bank, N.A., Balch Springs,
Texas, a proposed new bank. 2/

Dallas

InterFirst Corporation, Dallas, Texas, for approval to
acquire 100 percent of the voting shares of InterFirst
Bank West Beaumont, N.A., Beaumont, Texas, a proposed
new bank. 2/

Dallas

InterFirst Corporation, Dallas, Texas, for approval to
acquire 100 percent of the voting shares of InterFirst
Bank Westlake, N.A., Austin, Texas, a proposed new
bank. 2/

Tj

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, 1984 No. 19

- 19 APPLICATIONS RECEIVED - Continued

Dal las

InterFirst Corporation, Dallas, Texas, for approval to
acquire 100 percent of the voting shares of InterFirst
Bank North Austin, N.A., Austin, Texas, a proposed new
bank. 2/

Dallas

San Pedro Bancshares, Inc., San Antonio, Texas, for
approval to acquire 100 percent of the voting shares
of Commercial National Bank, San Antonio, Texas, a
proposed new bank. 2J

Dallas

Texas Gulf Coast Bancorp, Inc., Houston, Texas, for approval
to acquire 67 percent of the voting shares of First
National Bank of Pearland, Pearland, Texas. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
(c)(8) of the Bank Holding Company Act of 1956
New York

Security new York State Corporation, Rochester, New York,
requests permission to expand the activities to include
the following activities (reinsurance of credit health
and accident insurance issued in connection with
extensions of credit made by its two subsidiary banks,
Security Trust Company and The Mowhawk National Bank)
through its subsidiary, Griffin Life Insurance Company
(5/7/84)

New York

United Counties Bancorporation, Cranford, New Jersey,
requests permission to establish a de novo office
engaging in the following activities ((1) leasing
of personal or real property within the meaning of
225.25(b)(5); (2) acting as insurance agent on insurance
directly related to an extension of credit or the
provision of other financial services by the holding
company or its subsidiaries within the meaning of
225.25(b)(8); (3) providing securities brokerage
services within the meaning of 225.25(b)(15)) through
its subsidiary, United Capital Corporation (5/11/84)

Philadelphia

Continental Bancorp, Inc., Philadelphia, Pennsylvania
for approval to acquire Uni Penn Life Insurance Co.,
Phoenix, Arizona which engages in credit life insurance
underwriting activities.




H.2, 1984 No. 19

- 20 APPLICATIONS RECEIVED - Continued

Philadelphia

Correction:
Cleveland

First Valley Corporation, Bethlehem, Pennsylvania,
for approval to acquire 100 percent of the voting
shares of Lehigh Securities Corporation, Lehigh
County, Pennsylvania.

The application for Mellon National Corporation,
Pittsburgh, Pennsylvania, for approval to engage
de novo in consumer lending and deposit-taking through
Mellon Bank (NY), N.A., New York, New York; Mellon
Bank (MD), N.A., Towson, Maryland; Mellon Bank, N.A.,
(VA), Springfield, Virginia; Mellon Bank (DC), N.A.,
Washington, D.C.; Mellon Bank (LA), N.A., Metairie,
Louisiana; Mellon Bank (OH), N.A., Cleveland, Ohio;
Mellon Bank (CO), N.A., Arvada, Colorado; Mellon Bank
(CA), N.A., Pomona, California; Mellon Bank (WA), N.A.,
Bellevue, Washington; Mellon Bank (MA), N.A., Boston,
Massachusetts; Mellon Bank (GA), N.A., Atlanta, Georgia;
Mellon Bank (Miami), N.A., Miami, Florida; Mellon Bank,
N.A., (TX), Dallas, Texas; Mellon Bank, N.A., (AZ),
Phoenix, Arizona; and Mellon Bank (IL), N.A., Oak Brook,
Illinois, which appeared on H.2 No. 16, 1984 was listed
under the Philadelphia district which was incorrect and
should have read Cleveland.

Chicago

Heartland Bancorp, Inc., El Paso, Illinois, notification
of intent to engage in de novo activities (in the sale
of credit life and accident and health insurance in
connection with extensions of credit made at its sub­
sidiaries; Heartland would be acting as agent in said
sales) all activities would be limited to the State
of Illinois, through its subsidiaries, Woodford
Investment Company, Eureka, Illinois; First Bank of
Eureka, Eureka, Illinois; State Bank of Cornland,
Cornland, Illinois; Bank of Carlock, Carlock, Illinois;
Woodford County Bank, El Paso, Illinois (5/3/84)

Chicago

Marine Bancorp, Inc., Springfield, Illinois, notification
of intent to engage in de novo activities (in reinsuring
of credit life and credit accident and health insurance
issued on loans by affiliates of Marine Bancorp., Inc.)
through its subsidiary, Marine Credit Insurance Company
(5/7/84)

Kansas City

Colorado Springs Banking Corporation, Colorado Springs,
Colorado, for approval to engage de novo through its
subsidiary, Bank Compliance Corporation, Colorado
Springs, Colorado, in data processing activities.




H.2, 1984 No. 19

- 21 APPLICATIONS RECEIVED - Continued

Correction;
Kansas City

The application for First National Bankshares of
Beloit, Inc., Beloit, Kansas, to acquire at least
83.93 percent of First Loan Company, Beloit, Kansas
which appeared on H.2 No. 14, 1984 was listed under
Section 3(a)(3) which was incorrect.

Kansas City

Liberty National Corporation, Oklahoma City, Oklahoma,
notification of intent to expand de novo activities
(originating and servicing loans secured by real
estate; servicing loans and other extensions of credit
for any person; providing life insurance that is directly
related to an extension of credit or provision of
financial services by an institution within the
organization) in Albuquerque, New Mexico, the geographic
territory is to include the entire United States
(5/4/84)

Kansas City

Tuttle Bancshares, Inc., Tuttle, Oklahoma, for approval to
engage in the sale of general insurance, through Tuttle
Insurance Agency, Inc., Tuttle, Oklahoma.

Kansas City

United Banks of Colorado, Inc., Denver, Colorado, for
approval to engage in leasing real and/or personal proper
through Affiliated First Colorado Leasing Company,
Boulder, Colorado; underwriting credit life, health,
and accident insurance related to extensions of credit
made by affiliated subsidiaries through First Colorado
Bankshares Insurance Company, Boulder, Colorado; and
providing data processing services through Affiliated
Banks Service Company, Thornton, Colorado.

San
Francisco

New City Bancorp, Orange, California, to expand the
activities of its subsidiary, New City Leasing, Orange,
California, to now include general insurance agency
activities.

San
Francisco

Rainier Bancorporation, Seattle, Washington, for approval
to engage de novo in consumer lending through Rainier Bai
Idaho, N.A., Boise, Idaho; Rainier Bank Arizona, N.A.,
Phoenix, Arizona; Rainier Bank Oregon, N.A., Portland,
Oregon; Rainier Bank Hawaii, N.A., Honolulu, Hawaii;
Rainier Bank New Mexico, N.A., Albuquerque, New Mexico;
Rainier Bank Colorado, N.A., Denver, Colorado; Rainier
Bank Houston, N.A., Houston, Texas; and Rainier Bank
Austin, N.A., Austin, Texas.




H.2, 1984 No. 19




- 22
APPLICATIONS RECEIVED - Continued
REPORTS RECEIVED
None.

*

*

*

*

*

PETITIONS FOR RULEMAKING
None.