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H .0 1°™ No. 20 , its Staff, and °xlie Federal Reserve Banks; ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ACTIONS TAKEN BY THE BOARD OF 60VERN01 TESTIMONY AND STATEMENTS Globalization of financial markets and competitive position of D.S. banks — statement by Chairman Greenspan before the Financial Institutions Supervision, Regulation and Insurance Subcommittee of the House Committee on Banking, Finance and Urban Affairs, May 14, 1990. Published, May 14, 1990. Extent of discriminatory mortgage lending practices by state member banks — follow-up statement by Governor LaWare before the Subcommittee on Consumer and Regulatory Affairs of the Senate Committee on Banking, Housing, and Urban Affairs, May 16, 1990. Authorized, May n , 1990. Money laundering legislation — t e s t i m o n y by C l y d e H. F a r n s w o r t h , Jr., b e f o r e t h e S e n a t e C o m m i t t e e on Bank in g , H o u s i n g , a n d U r b a n Affa i r s, M a y 18, 1990. Authorized, May 16, 1990. BANK HOLDING COMPANIES Approved, May 15, 1990. k w .o uwn, new TorK, New York. Approved, May 15, 1990. REGULATIONS AND POLICIES Retail Fees and Services of Depository Institutions annual report sent to Congress. Approved, May 18, 1990. H 2 ^^14^ 1990 TO MAY 18, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; GC - General Counsel; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch at 4717 Jefferson Davis Highway. Approved, May 16, 1990. Richmond Miners and Merchants Bank and Trust Company, Grundy, Virginia — to establish a branch on U.S. Route 460, East. Approved, May 16, 1990. Atlanta Sun Bank of Ocala, Ocala, Florida — branch on State Road 200. Approved, May 14, 1990. San Francisco Valley Bank of Nevada, Las Vegas, Nevada — to establish a branch at the northeast corner of Tropicana and Decatur. Approved, May 18, 1990. to establish a H .2 MAY 14, 1990 PAGE 3 TO MAY 18, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Aliant National Corporation of Alexander City, Alexander City, Alabama — to establish Aliant Bank For Savings, F.S.B. Approved, May 18, 1990. Staff Director BS&R Ameritrust Corporation, Cleveland, Ohio — proposal that Ameritrust National Bank, Michiana, Elkhart, Indiana, purchase the assets and assume the liabilities of Ameritrust Savings, F.A., which was formed to acquire certain assets and assume deposit liabilities of Pioneer Savings, F.A., Plymouth, Indiana. Approved, May 18, 1990. Cleveland Ameritrust Corporation, Cleveland, Ohio — to acquire Ameritrust Savings, F.A., Elkhart, Indiana, by acquiring certain assets and assuming certain liabilities of Pioneer Savings, F.A., Elkhart, Indiana. Approved, May 18, 1990. GC BancOklahoma Corporation, Tulsa, Oklahoma, and its subsidiaries — determination that the sale of certain banking and nonbanking assets constitutes divestiture. Granted, May 14, 1990. Chicago Banill Corporation, Normal, Illinois — to engage de novo in making and servicing loans and leasing activities. Returned, May 17, 1990. Minneapolis Bank Shares Incorporated, Minneapolis, Minnesota -to engage nationwide in data processing through the transfer of certain data processing assets of Marquette Bank Minneapolis to Marquette Information Services, Inc. Approved, May 18, 1990. Minneapolis Bismarck Bancshares, Inc., Bismarck, North Dakota — to engage in consulting services to various Bank and Investment Centers of America. Returned, May 14, 1990. H.2 MAY 14, 1990 PAGE 4 TO MAY 18, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Brewer Bancorp, Inc., Ryan, Oklahoma — to acquire Ryan Bancshares, Inc., and First State Bank. Approved, May 18, 1990. San Francisco Central Bancorporation, Provo, Utah — Central Bank and Trust Company. Approved, May 16, 1990. Atlanta Community Bankshares, Inc., Cornelia, Georgia — to acquire Community Bank and Trust - Alabama, Union Springs, Alabama. Approved, May 14, 1990. S t . Louis Country Bancorp, Inc., Litchfield, Illinois — to engage in the operation of a savings association through the acquisition of Security Savings Bank, F.S.B., Hillsboro, Illinois. Permitted, May 18, 1990. Staff Director BS&R County Bancorporation, Inc., Cape Girardeau, Missouri — proposal that Cape County Bank of Cape Girardeau purchase the assets and assume the liabilities of Broadway Savings and Loan Association. Approved, May 18, 1990. S t . Louis County Bancorporation, Inc., Cape Girardeau, Missouri — to engage in the operation of a savings association through acquisition of Broadway Savings and Loan Association, the successor to First Federal Savings and Loan Association of Southeast Missouri. Permitted, May 18, 1990. Staff Director BS&R F i rs t Banks, Inc., St. Louis, M i s s o u r i -- p r op o s a l t h a t First B a n k of I l linois, O ' Fa l l o n , Illinois, p u r c h a s e the a s s e t s a n d a s s u m e t h e l i a b i l i t i e s of F i r s t I n t e r i m S a v i n g s a n d Loan A s s o c i a t i o n , St. Louis, M i ss o u r i, a n d t h a t the l a t t e r a c q u i r e c e r t a i n a s s e t s a n d a s s u m e d e p o s i t l i a b i l i t i e s of t he G r a n i t e City, I l l i n o i s b r a n c h of M a d i s o n C o u n t y Fed e r al S a v i n g s a n d Loa n A s s o c i a t i o n , G r a n i t e City, Illinois. Approved, May 18, 1990. to acquire H.2 MAY 14, 1990 PAGE 5 TO MAY 18, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES S t . Louis First Banks, Inc., St. Louis, Missouri — to engage in the operation of a savings association through acquisition of First Interim Savings and Loan Association, F.A. Permitted, May 18, 1990. Dallas Kirbyville Bancshares, Inc., Beaumont, Texas — to acquire First National Bank of Woodville, Woodville; and merge with Vidor Bancshares, Inc., Vidor, Texas. Approved, May 18, 1990. Minneapolis Nichols Financial, Inc., Sunfish Lake, Minnesota — to acquire First State Bank of Storden, Storden, Minnesota. Returned, May 14, 1990. S t . Louis SBC Financial Corporation, Como, Mississippi — to engage in the operation of a savings association through acquisition of New South Capital Corporation, Batesville, Mississippi, and New South Bank for Savings. Permitted, May 18, 1990. Atlanta Security Bancorp, Inc., Canton, Georgia — extension to August 24, 1990, to acquire Security State Bank. Approved, May 14, 1990. Staff Director BS&R Summit Bancshares, Inc., Fort Worth, Texas — transfer agent registration. Approved, May 18, 1990. San Francisco Wasatch Bancorp, Inc., Orem, Utah — Wasatch Bank. Approved, May 14, 1990. S t . Louis Worthen Banking Corporation, Inc., Little Rock, Arkansas — to engage de novo in trust services by consolidating trust activities currently performed by its existing subsidiary banks into Worthen Trust Company, Inc. Permitted, May 18, 1990. to acquire H.2 MAY 14, 1990 PAGE 6 TO MAY 18, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Richmond Consolidated Bank and Trust Company, Richmond, Virginia — to acquire the assets and assume the liabilities of Peoples Savings and Loan Association, Hampton, Virginia, and Community Federal Savings and Loan Association, Newport News, Virginia. Approved, May 18, 1990. BANK PREMISES Richmond Benchmark Community Bank, Kenbridge, Virginia — investment in bank premises. Approved, May 17, 1990. Richmond Miners and Merchants Bank and Trust Company — investment in bank premises. Approved, May 16, 1990. Cleveland Society Bank & Trust, Toledo, Ohio — bank premises. Approved, May 18, 1990. Dallas Western Bank, Lordsburg, New Mexico — bank premises. Approved, May 16, 1990. investment in investment in BANKS. STATE MEMBER Kansas City BancFirst, Oklahoma City, Oklahoma — dividend. Approved, May 14, 1990. payment of a CAPITAL STOCK San Francisco Central Bancorporation, Wenatchee, Washington — redemption of shares. Approved, May 18, 1990. Atlanta Tennessee State Bancshares, Inc., Gatlinburg, Tennessee — redemption of shares. Approved, May 18, 1990. H.2 MAY 14, 1990 PAGE 7 TO MAY 18, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Atlanta Citizens First National Bank, Crescent City, Florida — change in bank control. Permitted, May 18, 1990. Dallas IBBancshares, Inc., Plano, Texas — control. Permitted, May 17, 1990. change in bank COMPETITIVE FACTORS REPORTS Kansas City American National Bank of Sarpy County, Papillion, Nebraska, proposed acquisition of the assets and assumption of the liabilities of a Louisville Branch of Home State Bank and Trust Company, Humboldt, Nebraska — report on competitive factors. Submitted, May 17, 1990. Minneapolis Backus State Bank, Backus, Minnesota, proposed merger with Pequot Lakes Office of the Pine River State Bank — report on competitive factors. Submitted, May 17, 1990. Philadelphia Bank of Old York Road, Willow Grove, Pennsylvania, proposed merger with Bank and Trust Company of Old York Road — report on competitive factors. Submitted, May 15, 1990. San Francisco Bellingham National Bank, Bellingham, Washington, proposed purchase of the assets and assumption of the liabilities of Valley Bank, Mount Vernon, Washington — report on competitive factors. Submitted, May 17, 1990. Atlanta Citizens First National Bank, Crescent City, Florida, proposed merger with Citizens Interim First National Bank — report on competitive factors. Submitted, May 15, 1990. San Francisco City National Bank, Beverly Hills, California, proposed merger with Warner Center Bank, Woodland Hills, California — report on competitive factors. Submitted, May 14, 1990. San Francisco Far West Bank, Provo, Utah, proposed merger with Far West Merger Corporation — report on competitive factors. Submitted, May 14, 1990. H.2 MAY 14, 1990 PAGE 8 TO MAY 18, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland Fifth Third Bank of Boone County, Inc., Florence, Kentucky, proposed merger with Fifth Third Bank of Campbell County, Inc., National Association, Fort Thomas, Kentucky — report on competitive factors. Submitted, May 14, 1990. Kansas City First Community Industrial Bank of Longmont, Longmont, Colorado, proposed merger with Longmont 1st Industrial Bank, Longmont, Colorado — report on competitive factors. Submitted, May 15, 1990. Atlanta First Gwinnett Bank, Norcross, Georgia, proposed merger with First Gwinett Interim Corporation — report on competitive factors. Submitted, May 18, 1990. Kansas City Fort Collins 1st Industrial Bank, Fort Collins, Colorado, proposed merger with Loveland 1st Industrial Bank, Loveland, Colorado — report on competitive factors. Submitted, May 15, 1990. Cleveland Home Savings and Loan Association, Defiance, Ohio, proposed merger with Mid Am. Inc., Bowling Green, Ohio — report on competitive factors. Submitted, May 18, 1990. San Francisco International Savings Bank, San Diego, California, proposed acquisition of the La Jolla Branch of Flagship Federal Savings Bank — report on competitive factors. Submitted, May 18, 1990. Chicago LaSalle National Bank, Chicago, Illinois, proposed merger with Exchange National Bank of Chicago — report on competitive factors. Submitted, May 16, 1990. Chicago Liberty Bank & Trust, Mason City, Iowa, proposed purchase of the assets and assumption of the liabilities of First State Bank, Manly, Iowa — report on competitive factors. Submitted, May 15, 1990. H.2 MAY 14, 1990 PAGE 9 TO MAY 18, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Olympic National Bank, Los Angeles, California, proposed purchase of the assets and assumption of the liabilities of the Santa Monica Branch of Community Bank of California, Pasadena, California — report on competitive factors. Submitted, May 17, 1990. Philadelphia Philadelphia National Bank, Ardmore, Pennsylvania, proposed merger with First Pennsylvania Bank, National Association, Bala Cynwyd, Pennsylvania — report on competitive factors. Submitted, May 17, 1990. Kansas City Rocky Mountain 1st Industrial Bank, Colorado Springs, Colorado,. proposed merger with First Community Industrial Bank; Pueblo 1st Industrial Bank, Pueblo; and Rocky Mountain Widefield 1st Industrial Bank — report on competitive factors. Submitted, May 15, 1990. San Francisco Union Federal Federal Savings Bank, Los Angeles, California, proposed purchase of the assets and assumption of the liabilities of the Silverlake Branch, Los Angeles, California, of United Savings Bank, FSB, San Francisco, California. Submitted, May 17, 1990. EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain property. Granted, May 18, 1990. San Francisco CB Bancshares, Inc., Honolulu, Hawaii — extension to September 2, 1990, to engage de novo in certain industrial banking activities through City Finance anH M o r t o a a e . Inc. Atlanta C o m m u n i t y National Bancorporation, " e x t e n s i o n to A u g u s t 16, 1990, C o m m u n i t y N a t i o n a l Bank. Granted, May 17, 1990. Ashburn, Georgia to a c q u i r e H.2 MAY 14, 1990 PAGE 10 TO MAY 18, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Cleveland Hometown Bancshares, Inc., Middlebourne, West Virginia — extension to August 17, 1990, to acquire Universal Banc Corp, Paden City, West Virginia. Granted, May 14, 1990. Cleveland Mid Am, Inc., Bowling Green, Ohio, proposed extension to August 28, 1990, to acquire The Citizens Loan and Building Company, Lima, Ohio. Granted, May 16, 1990. San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, May 18, 1990. Atlanta S y n o v u s F i n a n c i a l Corp., C o l u m b u s , Ge o r g ia , a n d T B & C Ban c s h a r e s , Inc. — e x t e n s i o n to A u g u s t 17, 1990, to m e r g e w i t h S t a t e B a n c s h a r e s , Inc., E n t e rp r i se , Alabama, a n d a c q u i r e C o f f e e C o u n t y Bank. Granted, May 16, 1990. San Francisco Valley Capital Corporation, Las Vegas, Nevada — extension to September 3, 1990, to engage de novo in lending activities through Pacific Century Finance Company. Granted, May 15, 1990. San Francisco Wells Fargo & Company, San Francisco, California — extensions to divest certain property. Granted, May 14, 1990. REGULATIONS AND POLICIES Secretary FOMC Federal Open Market Committee — policy record for the meeting of March 27, 1990. Published, May 18, 1990. H.2 MAY 14, 1990 PAGE 11 ADDITIONS AND CORRECTIONS TO MAY 18, 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS RESERVE BANK OPERATIONS Federal Reserve Bank of Atlanta — computer. Approved, May 9, 1990. to purchase ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Merchants Holding Company, Winona, Minnesota — acquire the LaCrescent State Bank. Returned, May 11, 1990. to FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending na-hA Eastern Bank Corporation, Lynn, Massachusetts 3(a)(3) application to retain 6.9% of the outstanding shares of Family Bancorp, Haverhill, Massachusetts* Newspaper 06-08-90 Federal Register 06-05-90 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date The Royal Bank of Scotland Federal Register Group pic, Edinburgh, United Kingdom - 4(c) (8) application for prior approval to engage indirectly through its wholly cwned subsidiaries Charterhouse Inc., Charterhouse North American Securities, Inc., and Charterhouse Properties, Inc., in certain nonbanking activities, to acquire a partnership interest in a de novo general partnership, Continental Partners, and to engage indirectly through Continental Partners in certain nonbanking actitivies Not Yet Established First Regional Bancorp, Federal Register Inc.,Hartford, Connecticut - 4(c)(8) application to engage in the private placement of debt and equity securities and to provide merger and acquisition advice and services through First Regional Investcorp, Inc., Hartford, Connecticut Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Acolication NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ Chemical Bank, New York, New York to establish a branch at Montefiore Medical Center, 111 East 210th Street, Bronx, New York.l/ 6/12/90 SECTION II Applications Subject to Both Newspaper and Federal Register Notice The Bank of New York Company, Inc., New York, New York to acquire Northeast Bancorp, Inc., New Haven, Connecticut and its subsidiary bank, Union Trust Company. 1/ 6/13/90 3/ Banco Bilbao Vizcaya, S.A., Bilbao, Spain to acquire 48 percent of the voting shares of New Mexico Banquest Investors Corporation, Santa Fe, New Mexico.1/ 6/2/90 2/ Northern Jersey Financial Corp., Roxbury Township, New Jersey, to become a bank holding company with respect to Northern Jersey State Bank, Roxbury Township, New Jersey, a proposed new bank.l/ 6/8/90 2/ Vista Bancorp Inc., Phillipsburg, New Jersey to acquire Twin Rivers Community Bank, Easton, Pennsylvania, a de novo bank.l/ 6/5/90 2/ Amsterdam-Rotterdam Bank, Amsterdam, the Netherlands and its parent, Stichting Amro, to become bank holding companies by acquiring more than 50% of the shares of European American Bancorp, New York, New York, itself a bank holding company. [This represents an amendment to the original application.]]/ 6/4/90 2/ SECTION III Noribanking Applications (Subject to Federal Register Notice Only) Den norske Bank AS, Bergen, Norway and Union Bank of Finland Ltd., Helsinki, Finland, by virtue of their respective ownership of 31% of Scandinavian Bank Group pic, London, England, to engage in securities brokerage and related activities through Scandinavian American Securities, Inc., New York, New York, and in financial advisory activities through Cambridge International Partners L.P., New York, New York. N/A SECTION IV Applications Not Involving ______ Public Oaament______ None. 1/ 2/ 3/ 4/ Subject to provisions of Camnunity Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FEDERA L R E SE R V E BANK OF PH ILA D ELPH IA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Endina Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Endina Date - Phoenix Bancorp, Inc., Minersville, PA recruest permission for Vincent J. Land to aquire up to 13.73% of capital stock of Phoenix Bancorp, Inc. pursuant to the Change in Bank Control Act. Newspaper: Federal Register: 5/28/90 5/31/90 Community Financial Bancorp, Inc., Piladelphia, PA to form a bank holding company by acquiring 100% of the voting shares of Chestnut Hill National Bank, Philadelphia, PA, pursuant to Section 3(a)(1) of the Bank Holding Company Act. 6/8/90 N/A* Newspaper: Federal Register: Commonwealth Bancshares Corporation, Williamsport 1/ PA seeks to acquire The First Bank of Greater Pittston, Pittston, PA pursuant to Section 3(a)(3) of the Bank Holding Company Act. Newspaper: Federal Register: 6/4/90 6/7/90 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date FB&T Corportion. Hanover, PA seeks approval to acquire Monumental Savings Bank, Baltimore, MD pursuant to Section 4(c)(8) of the Bank Holding Company Act, 6/8/90 Meridian Bancorp, Inc., Reading, PA to acquire Keystone Mortgage Corporation, Indianapolis, Indiana, pursuant to Section 4(c)(8) of the Bank Holding Company Act. N/A* FEDERAL RESERVE BANK OF PHILADELPHIA SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ * Subject to provisions of Community Reinvestment Act. N/A - not yet available. APPROVAL Date of Approval Meridian Bank, Reading, PA to establish a remote service facility to be located at the Acme Markets in the Northtowne Shopping Center, 2700 DeKalb Pike, Norristown, PA - Secretary Delegated. 5/11/90 Meridian Bank, Reading, PA to establish a branch office to be located at 1024 Kimberton Rd. (Rt. 113) East, Pikeland, PA and also for an increase in bank premises pursuant to Section 24A of the Federal Reserve Act in connection with the subject branch. Secretary Delegated. 5/11/90 Meridian Bank, Reading, PA to establish a branch office to be located at Kings Supermarket Shopping Center, Oley Township, PA and also for an increase in bank premises pursuant to Section 24A of the Federal Reserve Act in connection with the subject branch. Secretary Delegated. 5/11/90 Applications Bulletin For Week Ending May 19, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING Rece i v e d a p p l i c a t i o n on M a y 14, 1990 * Not Yet Kno w n # from The Farmers Citizens Bank, Bucyrus, Ohio, for p e r m i s s i o n to establish a br a n c h at 1605 M a r i o n Road, Bucyrus, Ohio. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY R e c e i v e d S e c t i o n 4 ( c ) (8) N o t i f i c a t i o n on M a y 11, 1990 from M i d Am, Inc., Bowling Green, Ohio, of its intent to establish M i d Am, Inc., C o m m u n i t y D evelopment Corporation, p u r s u a n t to S e ction 225.25(b)(6) of R e g u l a t i o n Y. J u n e 6, 1990 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE R e c e i v e d n o t i c e on M a y 18, 1990 from H y d e n Citiznes Bancorp, Inc., Hyden, Kentucky, of its intent to r e p u rchase 399 shares of its common s t o c k outstanding. * # N F - S u bject to CRA E x p e c t e d to end app r o x i m a t e l y 30 days from the d a t e of receipt N e w s p a p e r C omment Period Federal R e g i s t e r Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Albemarle Bank and Trust Company d.b.a. F&M Bank-Charlottesville, Charlottesville, Virginia, to merge with Peoples Bank of Central Virginia, Lovingston, Virginia.* 6-15-90 Section 11 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Highlands Bankshares, Inc., Petersburg, West Virginia, to acquire 8.4% of The Stockmans Bank of Harman, Harman, West Virginia.* 6-5-90 Marathon Financial Corporation, Stephens City, Virginia, to become a bank holding company through the acquisition of The Marathon Bank, Stephens City, Virginia.** 6-6-90 The Bank of Southside Virginia Corporation, Carson, Virginia, to acquire 19.2% of The Bank of McKenney, McKenney, Virginia.* 6-8-90 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date MNC Financial, Inc., Baltimore, Maryland, to establish Security Trust Company of Virginia, National Association, a non deposit trust company, in Vienna, Virginia.** 6-5-90 Sovran Financial Corporation, Richmond, Virginia, to engage in private placement activities through its subsidiary, Sovran Investment Corporation, Richmond, Virginia.** 6-4-90 *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None Federal R e s e r v e Bank of Atlanta A p p l i c a t i o n s B u l l e t i n for Week Ending Nav 18. 1990 Section II - Applications Subject To Both Newspaper and Federal Register Notice Application Comment Period Ending Date V a l l e y B a n c s h a r e s , Inc. Russellville, Alabama 1-BHC fo rm at io n. V a l l e y State Bank, 05-29-90 Federal R e g i s t e r Russellville, A l a b a m a . Indian River B a nk in g Co m p a n y 06-08-90 Vero Beach, Fl orida Newspaper C h a n g e in control by Ve r n o n D. Smith to acquire an a d d i t i o n a l 10.70 percent of the o u t s t a n d i n g shares of comm on stock that will i n c r e a s e his o w n e r s h i p to 20.00 percent. The Pe o p l e s Hold in g Co mp a n y 06-15-90 Fort W a l t o n Beach, Florida Newspaper 1-BHC f o r m a t i o n by ac q u i r i n g Peoples Federal Sa vings Bank, Fort Wa l t o n Beach, Florida, and c o n v e r t i n g it to a commercial bank to be kn own as C o m m u n i t y & Pe op le s State Bank, Fort Walton Beach, Fl orida. First Ascension Bancorp, Inc. Gonzales, Louisiana 1-BHC form at io n, Section III First National - Applications Bank of Gonzales, Subject to Federal Gonzales, L o u i si an a. Register N o t i c e Only A p p l ic a t io n Central B a n c s h a r e s of the South, Inc. B i r m i n g h a m , Al a b a m a To a c q u i r e Central Comp as s Securities, Inc., B i r m i n g h a m , A l a b a m a , and en g a g e de novo in u n d e r w r i t i n g and dealing to a l i m i te d d e g r ee , in certain m u n i c i p a l re ve nu e bonds; 1-4 family m o r t g a g e - r e l a t e d s e c u r i t i e s , commercial paper, and c e r t a i n c o n s um er receivable related s e c u r i t i e s , and to act as agent in the pr i v a t e pl ac em en t of all types of s e c u r i t i e s , i n c l u d i n g p r o v i d i n g re la te d a d v i s o r y services, and to buy and sell all types of s e c u r i t i e s on the order of investors as a "riskless p r i n c i p a l " , p u r s ua nt to s e c t i o n 225. 23 of R e g u l a t i o n Y. In addition, Central C o m p a s s Se cu ri ti es , Inc. will en g a g e in the f o l l o w i n g activities: (1) u n d e r w r i t i n g and dealing in b a n k - e l i g i b l e se cu ri ti es , pursuant to section 2 2 5 . 2 5 ( b ) ( 1 6 ) of R e g u l a t i o n Y; (2) o f f e ri ng c o mb in ed securities b r o k e r a g e , p u r s u a n t to s e c t i o n 2 2 5 . 2 5 ( b ) (15) of R e g u l a t i o n Y, and offe ri ng i n v e s t m e n t a d v i c e to i n s t i t u t i o n a l and retail customers, pursuant to s e c t i o n 2 2 5 . 2 5 ( b > ( 4 ) of R e g u l a t i o n Y. Week Ending Nay 18, 1990 Federal Reserve Bank of Atlanta Recently Appr ov ed A p p l i c a t i o n s Application Ap pr o v a l Date A l i a n t N a t i o n a l C o rp or at io n of 05-18-90 A l e x a n d e r C i ty A l e x a n d e r City, Alabama To e s t a b l i s h A l ia nt Bank for Savings, F.S.B., A l e x a n d e r City, Al ab am a, to a c q u i r e c e r t a i n assets and assume c e rt ai n l i a b il it ie s of the A l e x a n d e r C i t y b r a n c h of P h e n i x Federal Savings and Loan A s s o c i a t i o n , F.A., P h e n i x City, A l a b a m a , an insolvent savings a s s o c i a t i o n in re ce i v e r s h i p . C o m m u n i t y B a n k s h a r e s , Inc. 05-14-90 C o r n e l i a , Geor gi a To a c q u i r e the Union Springs branch of Phenix Federal S a vi ng s and Loan A s s o c i a t i o n , F.A., Phenix City, Alabama, and es t a b l i s h C o m m u n i t y Bank and Trust - A l a b a m a , Union Springs, Al a b a m a (in o r g a n i z a t i o n ) . T e n n e s s e e S t at e Bancshares, Inc. G a t l i n b u r g , Tenn es se e To r e d e e m 4 7 , 6 1 2 shares (35.56 percent) 05 - 1 8 - 9 0 of its o u t s t a n d i n g co m m o n stock. F e d e r a l R e se rv e Bank o f C h ic a g o Section I - Applications Subject to Newspaper Notice Only Comment P e r io d E n d in g D ate Type Application EFT Isabella Bank and Trust Mount Pleasant, Michigan 1015 East Pickard Street Mount Pleasant, Michigan* N - 5-31-90 Branch The Ripley County Bank Osgood, Indiana Relocation from Franklin and Carr to Highway 101 and Mile Road Milan, Indiana* N - ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 First American Bank Corporation Elk Grove Village, Illinois Meadowview Bancorp, Inc. Kankakee, Illinois First National Bank of Kankakee County Kankakee, Illinois* FR - 5-23-90 N - 4-15-90 Y-2 Northern Illinois Bancorp, Inc. Elk Grove Village, Illinois Meadowview Bancorp, Inc. Kankakee, 111inois First National Bank of Kankakee County Kankakee, Illinois* FR - 5-23-90 N - 4-15-90 CoC-HC Dulaney Bancorp, Inc. Marshall, Illinois Steven S. Nichols, Katherine Nichols, Alexander T. Nichols, Ann-Stewart K. Nichols, Melissa M. Nichols and Trevor McKinley Nichols FR - 5-24-90 N - 5-15-90 Y-l Central Banc, Inc. Geneseo, Illinois Central Trust & Savings Bank of Geneseo Geneseo, Illinois* FR - 5-31-90 N - ** F e d e ra l R e se rv e Bank o f C h ic a g o Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment P e r io d E n d in g D ate ?YPe Application Y-l Enterprise Financial Corp. Brown Deer, Wisconsin Enterprise Bank (in organization) Brown Deer, Wisconsin* FR - 5-30-90 N - ** Y-l NI Bancshares Corporation Sycamore, Illinosi The National Bank & Trust Company of Sycamore Sycamore, Illinois* FR - 5-30-90 N - ** Y-2 First Midwest Corporation of Delaware Elmwood Park, Illinois Midwest Bank and Trust Company of DuPage County (in organization) Hinsdale, 111inois* FR - 6-8-90 N - ** Y-2 Bank of Montreal Montreal, Canada Frankfort Bancshares, Inc. Frankfort, Illinois Frankfort State Bank Frankfort, 111inois * FR - ** N - ** Y-2 Bankmont Financial Corp. New York, New York Frankfort Bancshares, Inc. Frankfort, Illinois Frankfort State Bank Frankfort, Illinois* FR - ** N - ** Y-2 Harris Bankcorp, Inc. Chicago, Illinois Frankfort Bancshares, Inc. Frankfort, Illinois Frankfort State Bank Frankfort, Illinois* FR - ** N - ** Type Y-4 Section III - Applications Subject to Federal Register Notice Only Comment Period Application Ending Date First Chicago Corporation Chicago, Illinois Lincoln-Way Federal Savings Bank New Lenox, Illinois FR - 6-6-90 F e d e r a l R e se rv e Bank o f C h ic a g o Section III - Applications Subject to Federal Register Notice Only Continued Comment Period Ending Pate M e Application Y-4 First Chicago Corporation Chicago, Illinois First Chicago Capital Markets, Inc. Chicago, Illinois 4(c)(8) Luxemburg Bancshares, Inc. FR - ** Luxemburg, Wisconsin Provide financial assistance and advice thru Area Development Corporation Luxemburg, Wisconsin FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Huron Community Financial Services, Inc. East Tawas, Michigan To redeem 100% preferred stock RoS Dulaney Bancorp, Inc. FR - 5-24-90 Marshall, Illinois N - 5-15-90 To redeem 11,022 shares outstanding stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time May 18, 1990 Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Change in control notification involving Cabot Bankshares, Inc., Cabot, Arkansas, by Bank of Cabot Employee Stock Ownership Trust, Cabot, Arkansas (Not available) Change in control notification involving Central Arkansas Bancshares, Inc., Malvern, Arkansas, by Jane Ross (Not available) ^Section 3(a)(1) application by Hampton Family Partnership, Trenton, Kentucky, to acquire Todd Bancshares, Inc., Trenton, Kentucky (Not available) ^Section 3(a)(1) application by Bumpushares, Inc., Atwood, Tennessee, to acquire Citizens Bank & Trust Company, Atwood, Tennessee (Not available) •^Section 3(a)(5) application by U.S.B. Corporation, Washington, Indiana, to acquire by merger Martinco Financial Corporation, Shoals, Indiana (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Stock redemption notification by Dearmin Bancorp, Inc., Odon, Indiana* * This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date * None. Section II - Applications Subject to Both Newspaper and Federal Register Notice* Application Comment Period Ending Date UNC Holding, Inc. Sioux Falls, SD To acquire United National Corpora tion, Sioux Falls, SD* 6-7-90 (Federal Register) Norwest Holding Company Minneapolis, MN To acquire Norwest National Bank Minneapolis, MN* 6-6-90 (Federal Register) Gaylord Bancorporation, Ltd. Gaylord, MN To acquire Nicollet State Bank Nicollet, MN* 6-5-90 (Federal Register) First Bank System, Inc. Minneapolis, MN To acquire via merger Northern Cities Bancorporation, Inc., Anoka, Minnesota, a multibank holding company owning the Northern Bank, Anoka, MN; and The Northern National Bank, Forest Lake, MN Not yet available * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application * Comment Period Ending Date Dakota Bankshares, Inc. Fargo, ND To acquire Pacific Southwest Financial Service, Inc. Phoenix, AZ Not yet available Winter-Park Bancshares, Inc. Exeland, WI To engage de novo in acauiring and servicing certain loans. The activity will be conducted in Exeland, WI 6-7-90 Voyageur Development Corporation Exeland, WI To engage de novo in acauiring and servicing certain loans. The activity will be conducted in Exeland, WI 6-7-90 Norwest Corporation Minneapolis, MN To engage in brokerage services including the sales of variable annuities through the acquisition of Warranty Financial Corporation, Burnsville, MN 6-6-90 Norwest Corporation Minneapolis, MN To engage in mortgage banking activities through the acquisition of Preferred Mortgage Corporation, St. Paul, MN 6-6-90 Norwest Corporation Minneapolis, MN To engage in general insurance agency activities through the acquisition of Regency Insurance Agency, Inc., North St. Paul, MN 6-6-90 FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject , to Federal Register Notice Only (Continued) Comment Period Ending Date Application Norwest Corporation Minneapolis, MN To engage in title insurance agency activities through the acquisition of Warranty Title, Inc., St. Paul, MN 6-6-90 Norwest Corporation Minneapolis, MN To engage in real estate development activities through the acquisition of Minnesota FSL Corporation, Minneapolis, MN 6-6-90 Norwest Corporation Minneapolis, MN To engage in operating a thrift through the acquisition of First Minnesota Savings Bank, F .S .B ., Minneapolis, MN 6-6-90 Norwest Corporation Minneapolis, MN Norwest Financial Services, Inc. Des Moines, IA Norwest Financial, Inc. Des Moines, IA To engage in collection agency activities through the acquisi tion of American Credit Asso ciates, Inc., Commerce, CA 6-6-90 Section IV - Applications Not Subject to Federal Reserve Notice or Newspaper Notice Application None. Federal Reserve Bank o f Kansas City S E C T I O N I ~ APPL I C A T I O N S S U B J E C T TO N E W S P A P E R N O TICE O N L Y APPLICATION COMMENT PERIOD ENDING DATE None. S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H N E W S P A P E R AND F E D E R A L R E G I S T E R N O T I C E APPLICATION COMMENT PERIOD ENDING DATE L e o N. B r a d l e y , Golden, Colorado, for p r i o r a p p r o v a l to increase his p r o p o r t i o n a t e o w n e r s h i p interest in E v e r g r e e n B a n c o r p o r a t i o n , Evergreen, C o l o r a d o , by 31.59 percent to 44.58 percent. Not A v a i l a b l e F i r s t Y o r k Ba n C o r p . , York, Nebraska, for p r i o r a p p r o v a l to acquire 51.34 p e r c e n t of the voting shares of A l b i o n N a t i o n a l M a nagement Co., Inc., Albion, Nebraska.* Not A v a i l a b l e T e a m B a n c , Inc., Paola, Kansas, for p r i o r a p p r o v a l to acquire 100 per c e n t of the v o t i n g shares of Iola B a n c s h a r e s , Inc., Paola, Kansas.* May 21, 1990 M i a m i C o u n t y Natio n a l Bank of Paola ESOP, P aola, Kansas, for prior a p p r o v a l to a c q u i r e 91 percent of the v o t i n g s h a r e s of Iola Bank and Trust, Iola, Kan s a s . Ma y 21, 1990 B a r r e t t H o l d i n g Company, Watonga, O k l a h o m a , for prior approval to b e c o m e a b a n k holding company t hrough the a c q u i s i t i o n of 25.69 p e r cent of the v o t i n g shares of Watonga B a n c s h a r e s , Inc., Watonga, Oklahoma, p a r e n t of W a t o n g a State Bank, Watonga, Oklahoma.* Ma y 29, 1990 Federal Reserve Bank o f Kansas City F i r s t of Fort Morgan, Colorado, for p r i o r a p p r o v a l to a c q u i r e an a d d i t i o n a l 5.6 p e r c e n t of the voting s h a r e s of First C o m m u n i t y Bankshares, Inc., Fort Morgan, Colorado, parent of Fi r s t N a t i o n a l Bank of Holyoke, Holyo k e , Colorado, for a total of 25.6 p e rcent. May 16, 1 990 C h a r l e s Boepple, Goltry, Oklahoma, for p r i o r a p p r o v a l to incre a s e his p r o p o r t i o n a t e o w n e r s h i p interest in G o l t r y Ban c s h a r e s , Inc., Goltry, O k l a h o m a , by 3.03 p e r c e n t to 25.55 percent. May 11, 1990 C. B. Graft, Clinton, O klahoma, for p r i o r a p p r o v a l to increase his p r o p o r t i o n a t e o w n e r s h i p interest in T h o m a s Ban c s h a r e s , Inc., Thomas, O k l a h o m a , by 15 p e r c e n t to 39.96 percent. May 11, 1990 F & M Bank Services, Inc., Wichita, Kansas, for prior a p p r o v a l to become a bank h o l d i n g c o m p a n y t h rough the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s hares of F a r m e r s and M e r c h a n t s State Bank, Derby, Kansas.* May 29, 1990 O r e n Lee Benton, Denver, Colorado, for p r i o r a p p r o v a l to increase his o w n e r s h i p interest in B e l c a r o Bank, G l e n d a l e , Colorado, from 8.33 percent to 100 percent. May 11, 1990 SECTION III - A P P L I C A T I O N S SUBJECT TO F E D E R A L R E G I S T E R N O T I C E ONLY APPLICATION First F i n a n c i a l C o r p o ration, W e l l i n g t o n , Kansas, for prior a p p r o v a l to a c q u i r e 100 p e r c e n t of the v o t i n g shares of W e l l i n g t o n Area T e s t Farm, and t h ereby e ngage in community development activities (060). COMMENT PERIOD ENDING DATE May 29, 1990 Federal Reserve Bank o f Kansas City S E CTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NO T I C E OR NEWSPAPER NOTICE APPLIC A T I O N None. *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MAY 14, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NOTICE EXP APPLICATION None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Louise Friddell Johnson, Chattanooga, TN, to acquire an interest in Terrell Bancshares, Inc., Terrell, TX 90/06/05 Change in Control Notice by James Richmond Lightner, Dallas, TX, to acquire an interest in Equitable Bankshares, Inc., Dallas, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANdSOD Week ending 5/18/90 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Endincr Date Valley Bank of Nevada, Las Vegas, Nevada, to merge with the Dayton, Nevada, branch of Comstock Bank, Carson City, Nevada. * Newspaper: Not available Section II - Applications Subject to Both Newspaper and Federal Register Notice First Hawaiian, Inc., Honolulu, Hawaii, to acquire First Interstate of Hawaii, Inc., Honolulu, Hawaii. * Cascade Bancorp, Bend, Oregon, to become a bank holding company through the acquisition of 100 percent of Bank of the Cascades, Bend, Oregon. * Michael R. Harvey, Hillsborough, California, to retain existing ownership of 16.65 percent of Burlingame Bancorp, Burlingame, California. * Leon Elster, Los Angeles, California, to increase ownership of cannon shares from 20.24 up to 30.00 percent of Mid City Bancorp, Los Angeles, California. * Fai Heng Chen, Vancouver, British Columbia, to increase ownership from 12.04 to at least 40.87 percent of American Pacific Bank, Aumsville, Oregon. * Fed. Recr.: 5/21/90 Newspaper: Not available Fed. Recr.: 5/25/90 Newspaper: 5/29/90 Fed. Recr.: 6/04/90 Newspaper: Not available Fed. Recr.: 6/05/90 Newspaper: Not available Fed. Recr.: Not available Newspaper: Not available Section III - Applications Subject to Federal Register Notice Only BanCal Tri-State Corporation, San Francisco, California, to engage in deleverage through Mills-Ralston, Inc., San Francisco, California. Fed. Rea.: The Dai-Ichi Kangyo Bank, Ltd., Tokyo, Japan, to engage in fiancial advisory services through The CIT Group Holdings, Inc., New York, New York. Fed. Recr.: Not available Not available FEDERAL RESERVE BANK OF SAN FRANCISCO (c o n tin u e d ) Week ending 5/18/90 Section III - Applications Subject to Federal Register Notice Only The Dai-Ichi Kangyo Bank, to engage in leasing with up to 100 percent through Holdings, Inc., New York, Ltd., Tokyo, Japan, residual values The CIT Group New York. Security Pacific Corporation, Los Angeles, California, to expand the geographic scope of activities in its subsidiary, Security Pacific Ccnanunity Services Corporation, Seattle, Washington, to include the entire United States. Fed. Reg.: Not available Fed. Reg.: Not available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER