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ANNOUNCEMENT BT
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
H.2, 1987, No. 18
Actions of the Board
Applications and Reports Received
Daring the Week Ending May 2, 1987
ACTIONS OF THE BOARD
Statement by Chairman Volcker before the
Subcommittee on General Oversight and
Investigations of the House Committee on
Banking, Finance and Urban Affairs,
concerning the joint proposal of the U.S.
federal banking agencies and the Bank of
England for the establishment of a
risk-based capital framework, April 30, 1987.
Boston
Granite Bank, Amherst, New Hampshire —
proposed acquisition of assets and assumption
of deposit liabilities of the Amherst, New
Hampshire, branch of Amoskeag Bank,
Manchester, New Hampshire — report to the
Federal Deposit Insurance Corporation on
competitive factors.
1/
Philadelphia
Union Bancorp, Pottsville, Pennsylvania —
extension for three months to acquire Union
Bank and Trust Company.
1/
Philadelphia
Liberty State Bank, Mount Carmel,
Pennsylvania — extension for one year to
establish a branch at Elysburg, Pennsylvania.
1/
Richmond
Maryland National Corporation, Baltimore,
Maryland — extension to August 4, .1987, to
acquire Maryland National Bank/D.C.,
Washington, D.C., a de novo bank.
1/
Atlanta
North Georgia Bancshares, Inc., Canton,
Georgia — extension to July 21, 1987, to
comply with a commitment in connection with
its acquisition of North Georgia Bank.
1/
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 18
2
ACTIONS OF THE BOARD - Continued
Atlanta
Community Bankshares, Inc. Cornelia, Georgia
— extension to July 20, 1987, to engage in
insurance activities through Community
Insurance Agency. 1/
Atlanta
National City Financial Group, Inc., Coral
Springs, Florida — extension to June 16,
1987, to acquire National City Bank.
1/
Chicago
SNB Interim National Bank, Chicago, Illinois
— proposed merger with Seaway National Bank
of Chicago — report to the Comptroller of
the Currency on competitive factors.
1/
Chicago
United Savings Bank of Tecumseh, Tecumseh,
Michigan — proposed assumption of liability
to pay deposits made in the Clinton Branch of
First of America Bank — Ann Arbor, Michigan
— report to the Federal Deposit Insurance
Corporation on competitive factors.
1/
Chicago
Empire Banc Corporation, Traverse City,
Michigan — extension to July 28, 1987, to
acquire The Empire National Bank of Traverse
City.
1/
St. Louis
Commerce Bancshares, Inc., Greenwood,
Mississippi — extension to August 7, 1987,
to acquire the successor by merger to Bank of
Commerce.
1/
St. Louis
Commercial Bank and Trust Company, Paris,
Tennessee — proposed merger with Citizens
Central Bank, Memphis, Tennessee, a de novo
bank — report to the Federal Deposit
Insurance Corporation on competitive factors
1/
Dallas
Cornerstone Bancshares, Inc., Dallas, Texas
— extension to July 15, 1987, to acquire
Cornerstone Bank, N.A.
1/
Dallas
Commercial National Bank, San Antonio, Texas
— proposed merger with Groos Bank, National
Association — report to the Comptroller of
the Currency on competitive factors.
1/
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987 , No. 18
3
ACTIONS OF THE BOARD - Continued
Dallas
Cooper Lake Financial Corporation, Cooper,
Texas — extension to July 26, 1987, to
acquire First National Bank in Cooper.
1/
Dallas
Gateway Bancshares, Inc., Dallas, Texas —
extension to acquire Gateway National Bank.
1/ Denied
Dallas
Commonwealth Bancorp, Inc., Arlington, Texas
— extension to July 24, 1987, to acquire
Commonwealth Services, Inc., 1/
Dallas
CNB Bancshares, Inc., Whitehouse, Texas —
extension to June 9, 1987, to acquire City
National Bank.
1/
San Francisco
Wells Fargo & Company, San Francisco,
California — extension to divest certain
property. 1/
San Francisco
Founders Bancorp, Inc., Scottsdale, Arizona
— extension to acquire Founders Bank of
Arizona.
1/
San Francisco
De Anza Interim National Bank, Riverside,
California — proposed merger with De Anza
National Bank — report to the Comptroller of
the Currency on competitive factors.
1/
San Francisco
Wells Fargo & Company, San Francisco,
California — extension to dispose of certain
property.
1/
* * * * *
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Approved
New York
Chemical Bank, New York, New York — to
establish a branch office at The Pierre
Hotel, Fifth Avenue at 61st Street, New York,
New York.
1/
(4/27/87)
New York
Chemical Bank, New York, New York — to
establish a branch at the International Paper
Company, The Centre, One Manhattan Road,
Purchase, New York.
1/
(4/27/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 18
4
ACTIONS OF THE BOARD - Continued
New York
Bank of Mid-Jersey, Bordentown, New Jersey —
to open a new branch office at the main
entrance of the Homestead-at-Mansfield
Retirement Village on Route 543, Mansfield
Township, Burlington County, New Jersey.
1/
(4/27/87)
Richmond
Bank of Gassaway, Gassaway, West Virginia —
to establish a Electronic Funds Transfer
Facility within the Kroger store located at
1125 State Street, Gassaway, West Virginia.
1/
(4/21/87)
Richmond
Signet Bank/Virginia, Richmond, Virginia —
to establish an Electronic Funds Transfer
Facility at Innsbrook Office Park, 5 Dominion
Boulevard, Glen Allen, Virginia.
1/
(4/28/87)
Atlanta
Commerce Union Bank, Nashville, Tennessee —
to establish automatic teller machines at the
Metro Airport Terminal Building and 2416 West
End Avenue, Nashville, Tennessee and 5325 Mt.
View Road, Antioch, Tennessee.
1/
(5/1/87)
Atlanta
Safra Bank, Miami, Florida — to establish a
branch at 7700 North Kendall Drive, Miami,
Florida, to be known as The Greenery Branch.
1/
(5/1/87)
Atlanta
United Bank of Pinellas, St. Petersburg,
Florida — to establish a branch at 201
Second Street North, St. Petersburg, Florida,
to be known as the United Bank of Pinellas
Downtown Office.
1/
(4/29/87)
* * * * *
To Merge Pursuant to Section 1 8 (c) of the
Federal Deposit Insurance Act
Approved
Chicago
1/
Security Bank Northeast, Richmond, Michigan
— to merge with Security Bank of Almont,
Almont, Michigan.
1/
(4/30/87)
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 18
5
ACTIONS OF THE BOARD - Continued
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
Approved
Richmond
NCNB Corporation, Charlotte, North Carolina:
no objection to acquire the remaining shares
of Panmure Gordon Investments, London,
England.
(4/24/87)
Atlanta
Florida National Bank, Jacksonville, Florida
— grants consent to establish a branch in
Grand Cayman, British West Indies, and to
operate and maintain that branch subject to
the provisions of that section and of
Regulation K.
(4/22/87)
San Francisco
BankAmerica International Financial
Corporation, San Francisco, California:
no
objection to invest in P.T. First
Indo-American Leasing, Jakarta, Indonesia, by
issuing to FIAL a standby letter of credit.
(4/27/87)
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Returned
Minneapolis
Baron II Bancshares, Inc., White Bear Lake,
Minnesota — for approval to acquire 95.5
percent of the voting shares of Security
State Bank of Deer Creek, Deer Creek,
Minnesota.
(4/30/87)
Approved
St. Louis
1/
Citizens State Bank Employee Stock Ownership
Trust, Trenton, Tennessee — for approval to
retain 27.97 percent of the voting shares of
Citizens State Bank, Trenton, Tennessee.
1/
(4/30/87)
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No
18
6
ACTIONS OF THE BOARD - Continued
Minneapolis
Belle Fourche Bancshares, Inc., Belle .
Fourche, South Dakota — for approval to
acquire 100 percent of the voting shares of
Pioneer Bank and Trust Company, Belle
Fourche, South Dakota.
1/
(4/30/87)
Minneapolis
Draper Holding Company, Inc., Draper,
South Dakota — for approval to acquire 100
percent of the voting shares of Draper State
Bank, Draper, South Dakota.
1/
(4/28/87)
Minneapolis
FMB Bankshares, Inc., Madison, South Dakota
— for approval to acquire 100 percent of the
voting shares of First Madison Bank, Madison,
South Dakota, (a proposed new bank). 1/
(4/27/87)
Minneapolis
Merchants & Miners Bancshares, Inc.,
Hibbing, Minnesota — for approval to acquire
100 percent of the voting shares of Merchants
& Miners State Bank of Hibbing, Hibbing,
Minnesota.
1/
(5/1/87)
Dallas
First Gilmer Bankshares, Inc., Gilmer, Texas
— for approval to acquire 100 percent of the
voting shares of The First National Bank of
Gilmer, Gilmer, Texas.
1/
(5/1/87)
Dallas
International Bancorporation, Inc.,
Brownsville, Texas — for approval to acquire
100 percent of the voting shares of
International Bank, N.A., Brownsville, Texas.
(4/29/87)
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Corporation,
Dallas, Texas and indirectly InterFirst Bank
Delaware, New Castle, Delaware; InterFirst
Bank Abilene, N.A. Abilene; InterFirst Bank
South Abilene, Abilene; InterFirst Bank
Addison, Addison, InterFirst Bank Alamo
Heights, N.A., Alamo Heights; InterFirst Bank
SW Temple, NA, Temple; InterFirst Bank
Tomball, Tomball; InterFirst Bank Tyler,
N.A., Tyler; InterFirst Bank Victoria,
Victoria; InterFirst Bank Waco, Waco;
InterFirst Bank Wichita Falls, N.A., Wichita
Falls; InterFirst Bank SW Arlington, N.A.,
Arlington; InterFirst Bank Arlington, N.A.,
Arlington; InterFirst Bank Northwest, N.A.,
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 18
7
ACTIONS OF THE BOARD - Continued
Austin; InterFirst Bank Westlake, N.A.,
Austin; InterFirst Bank Austin, N.A., Austin;
InterFirst Bank North Austin, N.A., Austin;
InterFirst Bank Baytown, Baytown; InterFirst
Bank Beaumont, Beaumont; InterFirst Bank
SW-Houston, N.A., Bellaire; InterFirst Bank
Brownwood, Brownwood; InterFirst Bank
Cleburne, N.A., Cleburne; InterFirst Bank
Clifton, Clifton; InterFirst Bank Conroe,
Conroe; InterFirst Bank Corsicana, N.A.,
Corsicana; InterFirst Bank Oak Cliff, Dallas;
InterFirst Bank Dallas, N.A., Dallas;
InterFirst Bank Pleasant Grove, Dallas;
InterFirst Bank Galleria, N.A., Dallas;
InterFirst Bank Park Cities, Dallas;
InterFirst Bank Denison, N.A., Denison;
InterFirst Bank El Paso, N.A. , El Paso;
InterFirst Bank Chelmont, N.A., El Paso;
InterFirst Bank Ennis, N.A., Ennis;
InterFirst Bank Forney, Forney; InterFirst
Bank Fort Worth, N.A., Fort Worth; InterFirst
Bank Gateway N.A., Fort Worth; InterFirst
Bank South, Fort Worth, Fort Worth;
InterFirst Bank South, Fort Worth, Fort
Worth; InterFirst Bank University, Fort
Worth, Fort Worth; InterFirst Bank Galveston,
N.A., Galveston; InterFirst Bank Greenville,
N.A., Greenville; InterFirst Bank Harlingen,
N.A., Harlingen; InterFirst Bank Hillsboro,
Hillsboro; InterFirst Bank Fannin, Houston;
InterFirst Bank Post Oak, Houston; InterFirst
Bank East Houston, Houston; InterFirst Bank
Greenpoint, Houston; InterFirst Bank San
Felipe, N.A., Houston; InterFirst Bank
Hutchins, Hutchins; InterFirst Bank D/FW
Freeport, N.A., D/FW Freeport; InterFirst
Bank Las Colinas, Irving; InterFirst Bank
Irving, Irving; InterFirst Bank Malakoff,
Malakoff? InterFirst Bank Mount Pleasant,
N.A., Mount Pleasant; InterFirstBank Nassau
Bay, N.A., Houston; InterFirst Bank
Nederland, Nederland; InterFirst Bank,
Richland, N Richland Hills; InterFirst Bank
Oak Hill, N.A., Oak Hill; InterFirst Bank
Odessa, N.A., Odessa; InterFirst Bank Paris,
Paris; InterFirst Bank Pasadena, Pasadena;
InterFirst Bank San Antonio, N.A., San
Antonio; InterFirst Bank NW, San Antonio,
N.A., San Antonio; InterFirst Bank
Stevenville, N.A., Stephenville; InterFirst
Bank Almeda, Almeda, Texas all located in
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 18
8
ACTIONS OF THE BOARD - Continued
Texas and InterFirst Bank International
Corp., New York, New York.
1/
* * * * *
To Expand a Bank Holding Company Pursuant to
Section 3 ( a ) (3) of the Bank Holding Company
Act of 1956
Withdrawn
Chicago
Chemical Financial Corporation, Midland,
Michigan — for approval to acquire 100
percent of the voting shares of Chemical Bank
Huron, Standish, Michigan, (a proposed new
bank). (4/27/87)
Approved
Cleveland
F.N.B.
— for
voting
Ohio.
Corporation, Hermitage, Pennsylvania
approval to acquire 51 percent of the
shares of First County Bank, Chardon,
1/
(4/30/87)
Chicago
Valley Banc Services Corp., Antioch, Illinois
— for approval to acquire 80 percent of the
voting shares of State Bank of Osco, Osco,
Illinois.
1/
(4/27/87)
St. Louis
First Tennessee National Corporation,
Memphis, Tennessee — for approval to acquire
90 percent of the voting shares of Lebanon
Bank, Lebanon, Tennessee.
(4/29/87)
San Francisco
U.S. Bancorp, Portland, Oregon — for
approval to acquire 100 percent of the voting
shares of Valley National Corporation, Forest
Grove, Oregon and indirectly Valley National
Bank of Oregon, Forest Grove, Oregon.
(4/27/87)
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3 ( a ) (5) of the Bank Holding Company Act of 1956
Approved
Dallas
1/
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Corporation,
Dallas, Texas and indirectly InterFirst Bank
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 18
9
ACTIONS OF THE BOARD - Continued
Delaware, New Castle, Delaware; InterFirst
Bank Abilene, N.A., Abilene; InterFirst Bank
South Abilene, Abilene; InterFirst Bank
Addison, Addison, InterFirst Bank Alamo
Heights, N.A., Alamo Heights, InterFirst Bank
SW Temple, NA, Temple; InterFirst Bank
Tomball, Tomball; InterFirst Bank Tyler,
N.A., Tyler; InterFirst Bank Victoria,
Victoria; InterFirst Bank Waco, Waco;
InterFirst Bank Wichita Falls, N.A., Wichita
Falls; InterFirst Bank SW Arlington, N.A.,
Arlington; InterFirst Bank Arlington, N.A.,
Arlington; InterFirst Bank Northwest, N.A.,
Austin; InterFirst Bank Westlake, N.A.,
Austin; InterFirst Bank Austin, N.A., Austin;
InterFirst Bank North Austin, N.A., Austin;
InterFirst Bank Baytown, Baytown; InterFirst
Bank Beaumont, Beaumont; InterFirst Bank
SW-Houston, N.A., Bellaire; InterFirst Bank
Brownwood, Brownwood; InterFirst Bank
Cleburne, N.A., Cleburne; InterFirst Bank
Clifton, Clifton; InterFirst Bank Conroe,
Conroe; InterFirst Bank Corsicana, N.A.,
Corsicana; InterFirst Bank Oak Cliff, Dallas;
InterFirst Bank Dallas, N.A., Dallas;
InterFirst Bank Pleasant Grove, Dallas;
InterFirst Bank Galleria, N.A., Dallas;
InterFirst Bank Park Cities, Dallas;
InterFirst Bank Denison, N.A., Denison;
InterFirst Bank El Paso, N.A., El Paso;
EnterFirst Bank Chelmont, N.A., El Paso;
InterFirst Bank Ennis, N.A., Ennis;
InterFirst Bank Forney, Forney; InterFirst
Bank Fort Worth, N.A., Fort Worth; InterFirst
Bank Gateway N.A., Fort Worth; InterFirst
Bank South, Fort Worth, Fort Worth;
InterFirst Bank South, Fort Worth, Fort
Worth; InterFirst Bank University, Fort
Worth, Fort Worth; InterFirst Bank Galveston,
N.A., Galveston; InterFirst Bank Greenville,
N.A., Greenville; InterFirst Bank Harlingen,
N. A . , Harlingen; InterFirst Bank Hillsboro,
Hillsboro; InterFirst Bank Fannin, Houston;
InterFirst Bank Post Oak, Houston; InterFirst
Bank East Houston, Houston; InterFirst Bank
Greespoint, Houston; InterFirst Bank San
Felipe, N.A., Houston; InterFirst Bank
Hutchins, Hutchins; InterFirst Bank D/FW
Freeport, N.A., D/FW Freeport; InterFirst
Bank Las Colinas, Irving; InterFirst Bank
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 18
10
ACTIONS OF THE BOARD - Continued
Irving, Irving; InterFirst Bank Malakoff,
Malakoff; InterFirst Bank Mount Pleasant,
N.A., Mount Pleasant; InterFirstBank Nassau
Bay, N.A., Houston; InterFirst Bank
Nederland, Nederland; InterFirst Bank,
Richland,
N Richland Hills; InterFirst Bank
Oak Hill, N.A., Oak Hill; InterFirst Bank
Odessa, N.A., Odessa; InterFirst Bank Paris,
Paris; InterFirst Bank Pasadena, Pasadena;
InterFirst Bank San Antonio, N.A., San
Antonio; InterFirst Bank NW, San Antonio,
N.A., San Antonio; InterFirst Bank
Stephenville, N.A., Stephenville; InterFirst
Bank Almeda, Almeda, Texas; InterFirst Bank
Tyler, N.A., Tyler; InterFirst Bank Victoria,
Victoria; InterFirst Bank Waco, Waco;
InterFirst Bank Wichita Falls, NA, Wichita
Falls; all located in Texas and InterFirst
Bank International Corp., New York, New York.
1/ (4/29/87)
Atlanta
SunTrust Banks, Inc., Atlanta, Georgia and
Third National Corporation, Nashville,
Tennessee — for approval to merge with
Loundon County Bancshares, Inc., Lenoir City,
Tennessee and indirectly acquire Bank of
Loundon County, Lenior City, Tennessee.
1/
(4/30/87)
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Returned
New York
J.P. Morgan & Co., Incorporated, New York,
New York — to engage through its
wholly-owned subsidiary, J.P. Morgan
Securities Inc., New York, New York in acting
as the issuer's agent.
(4/30/87)
Atlanta
Independent Bancshares, Red Bay, Alabama —
to engage de novo (engaging in insurance
agency activities in a town of less than
5,000 persons) through its subsidiary, Bay
Independent Insurance Agency, Inc., Red Bay,
Alabama.
3/
(5/1/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 18
11
ACTIONS OF THE BOARD - Continued
Approved
Minneapolis
Draper Holding Company, Inc., Draper, South
Dakota — for approval to acquire First
Insurance-Presho, Presho, South Dakota and
Hayes Insurance Agency, Draper, South Dakota
and thereby engage in general insurance
agency activities in a community with a
population not exceeding 5,000.
1/
(4/28/87)
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Finance
Company, Dallas, Texas and thereby engage in
insurance agency and underwriting activities
related to extensions of credit made by the
banks and bank holding company.
(4/29/87)
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Securities
Company, Dallas, Texas and thereby engage in
discount brokerage activities.
(4/29/87)
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Life Insurance
Company, Dallas, Texas and thereby engage in
insurance agency and underwriting activities
related to extensions of credit made by the
banks and bank holding companies.
(4/29/87)
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Services
Corporation, Dallas, Texas and thereby engage
in data processing.
(4/29/87)
Dallas
RB-IF Merger Company, Dallas, Texas —
for approval to acquire InterFirst Services
Corporation, Houston, Texas and thereby
engage in data processing.
(4/29/87)
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Financial
Corporation, Dallas, Texas and thereby engage
in commercial, consumer, and mortgage lending
activities.
(4/29/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 18
12
ACTIONS OF THE BOARD - Continued
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Insurance
Company, Dallas, Texas and thereby engage in
insurance agency and underwriting activities
related to extensions of credit made by the
banks and the bank holding company.
(4/29/87)
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Lending
Corporation, Dallas, Texas and thereby engage
in commercial, consumer and mortgage lending
activities.
(4/29/87)
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Mortgage
Company, Dallas, Texas and thereby engage in
commercial, consumer, and mortgage lending
activities.
(4/29/87)
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Investment
Management, Inc., Dallas, Texas and thereby
engage in investment advisory services.
(4/29/87)
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Funding
Corporation, Dallas, Texas and thereby engage
in commercial, consumer and mortgage lending
activities.
(4/29/87)
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Securities
Company, Dallas, Texas and thereby engage in
discount brokerage activities.
(4/29/87)
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Finance
Company, Dallas, Texas and thereby engage in
insurance agency and underwriting activities
related to extensions of credit made by the
banks and bank holding company.
(4/29/87)
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Services
Corporation, Dallas, Texas and thereby engage
in data processing.
(4/29/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, No. 18
13
ACTIONS OF THE BOARD - Continued
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Investment
Management, Inc., Dallas, Texas and thereby
engage in investment advisory services.
(4/29/87)
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Lending
Corporation, Dallas, Texas and thereby engage
in commercial, consumer and mortgage lending
activities.
(4/29/87)
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Services
Corporation, Houston, Texas and thereby
engage in data processing.
(4/29/87)
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Mortgage
Company, Dallas, Texas and thereby engage in
commercial, consumer and mortgage lending
activities.
(4/29/87)
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Financial
Corporation, Dallas, Texas and thereby engage
in commercial, consumer, and mortgage lending
activities.
(4/29/87)
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Insurance
Company, Dallas, Texas and thereby engage in
insurance agency and underwriting activities
related to extensions of credit made by the
banks and the bank holding company.
(4/29/87)
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Life
Insurance Company, Dallas, Texas and thereby
engage in insurance agency and underwriting
activities related to extensions of. credit
made by the banks and bank holding companies.
(4/29/87)
Dallas
RepublicBank Corporation, Dallas, Texas —
for approval to acquire InterFirst Funding
Corporation, Dallas, Texas and thereby engage
in commercial, consumer and mortgage lending
activities.
(4/29/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
H.2, 1987, Ho. 18
14
ACTIONS OP THE BOARD - Continued
* * * * *
Permitted
Kansas City
Perry Bancshares, Inc., Perry, Oklahoma —
engage de novo {engaging in community
development activities)
3/
(4/28/87)
to
* * * * *
Redemption of Shares
Approved
Dallas
Westex Bancorp, Inc., Del Rio, Texas.
(4/30/87)
1/
* * * * *
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Approved
Kansas City
Delphos, Inc., Beloit, Kansas.
1/
(4/27/87)
1/
Application processed on behalf of the Board of Governors
under delegated authority.
3/
Notification processed by Reserve Bank of behalf of the
Board of Governors under delegated authority.
H.2, 1987, No. 18
15
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Received
Richmond
Central Fidelity Bank, Richmond, Virginia —
to establish a branch on the southeast corner
of the intersection of Electric Road and
Midland Road, Salem, Virginia.
2/
* * * * *
To Merge Pursuant to Section 1 8 (c) of the
Federal Deposit Insurance Act
Received
Cleveland
Iron and Glass Interim Bank, Pittsburgh,
Pennsylvania — to merge with Iron and Glass
Bank, Pittsburgh, Pennsylvania.
2/
Richmond
The Forest Hill State Bank, Forest Hill,
Maryland — to merge with Equitable Bank,
N.A., Baltimore, Maryland.
2/
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Received
Cleveland
Iron and Glass Interim Bank, Pittsburgh,
Pennsylvania.
2/
Cleveland
Sandusky Interim Bank, Sandusky, Ohio.
Atlanta
Central Bank of Shelby County, Shelby County,
Alabama.
2/
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.
11.2, 1987,
No. 18
16
APPLICATIONS RECEIVED - Continued
* * * * *
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections 25
and 2 5 (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
Received
New York
Chase Bank International, Newark, Delware —
requests consent to amend its Articles of
Association to reflect a change in the
location of its home office from Newark,
Delaware to Miami, Florida.
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Received
Boston
Regional Bancorp, Inc., Medford,
Massachusetts — for approval to acquire 100
percent of the voting shares of Medford
Savings Bank, Medford, Massachusetts.
2/
Chicago
Elcho Bancorporation, Inc., Altoona, Iowa —
for approval to acquire 100 percent of the
voting shares of State Bank of Elcho, Elcho,
Wisconsin.
2/
Chicago
Pearl City Bancorp, Inc., Pearl City,
Illinois — for approval to acquire 100
percent of the voting shares of The State
Bank of Pearl City, Pearl City, Illinois.
St. Louis
2/
2/
Lewisburg Bancshares Corporation, Lewisburg,
Kentucky — for approval to acquire at least
80 percent of the voting shares of Lewisburg
Banking Company, Lewisburg, Kentucky.
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, 1987, No. 18
17
APPLICATIONS RECEIVED - Continued
Minneapolis
Community First Minnesota Bankshares, Inc.,
Fargo, North Dakota — for approval to
acquire 100 percent of the voting shares of
First Bank Benson, N.A., Benson, Minnesota;
First Bank (N.A.)-Little Falls, Little Falls,
Minnesota; The First State Bank in
Paynesville, Paynesville, Minnesota;
First Bank Southwest, N.A., Marshall,
Minnesota; First Bank of Wheaton, N.A.,
Wheaton, Minnesota; and The First National
Bank of Windom, Windom, Minnesota.
2/
Minneapolis
Community First North Dakota Bankshares,
Inc., Fargo, North Dakota — for approval to
acquire 100 percent of the voting shares of
The First State Bank of Cooperstown,
Cooperstown, North Dakota; First National
Bank in Lidgerwood, Lidgerwood, North Dakota;
First Bank of North Dakota (N.A.) Wahpeton,
Wahpeton, North Dakota; and 86.35 percent of
the voting shares of The First National Bank
and Trust Company of Dickinson, Dickinson,
North Dakota.
2/
Minneapolis
Community First South Dakota Bankshares,
Inc., Fargo, North Dakota — for approval to
acquire 100 percent of the voting shares of
Community First State Bank of Hot Springs,
Hot Springs, South Dakota; Community First
State Bank of Huron, Huron, South Dakota;
Community State Bank in Lemmon, Lemmon, South
Dakota; Community First State Bank of Platte,
Platte, South Dakota; Community First State
Bank of Redfield, Redfield, South Dakota; and
Community First State Bank of Vermillion,
Vermillion, South Dakota.
2/
Kansas City
Tri-County Bancshares, Inc., El Dorado
Springs, Missouri — for approval to acquire
100 percent of the voting shres of Tri-County
State Bank of El Dorado Springs, El Dorado
Springs, Missouri, Lowry City Bank, Lowry
City, Missouri and Osceola Bank, Osceola,
Missouri.
2/
Dallas
Citizens Equity Corporation, Weatherford,
Texas — for approval to acquire 100 percent
of the voting shares of The Citizens National
Bank of Weatherford, Weatherford, Texas.
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, 1987, No. 18
18
APPLICATIONS RECEIVED - Continued
San Francisco
F I N , Inc., Mesa, Arizona — for approval to
acquire 100 percent of the voting shares of
American National Bank of Afton, Afton,
Wyoming.
2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Received
Boston
Granite State Bankshares, Inc., Keene,
New Hampshire — for approval to acquire 100
percent of the voting shares of Granite Bank,
Amherst, New Hampshire, (a proposed new bank)
2/
Richmond
Credit and Commerce American Holdings, N.V.,
Curacao, NA; Credit and Commerce American
Investment, B.V., Amsterdam, NL; First
American Corporation, Washington, D.C., and
First American Bankshares, Inc., Washington,
D.C. — for approval to acquire NBG Financial
Corporation, Atlanta, Georgia and indirectly
National Bank of Georgia, Atlanta, Georgia.
2/
Richmond
Liberty Bancshares, Inc., Montgomery, West
Virginia — for approval to acquire 100
percent of the voting shares of The National
Bank of Ansted, Ansted, West Virginia.
2/
Atlanta
Central Bancshares of the South, Inc.,
Birmingham, Alabama — for approval to
acquire Central Bank of Shelby County, Shelby
County, Alabama, (a proposed new bank).
Atlanta
Northwest Georgia Financial Corporation,
Dallas, Georgia — for approval to acquire
100 percent of the voting shares of Alcovy
Banking Company (formerly Newton County
Bank), Mansfield, Georgia.
2/
Atlanta
SouthTrust Corporation, Birmingham, Alabama
— for approval to acquire 80 percent of the
voting shares of Bank of Pensacola,
Pensacola, Florida.
2/
Kansas City
First Dodge City Bancshares, Inc., Dodge
City, Kansas — to acquire at least 80
percent of the voting shares of Metro
Bancshares, Inc., Broken Arrow, Oklahoma. 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, 1987, No. 18
19
APPLICATIONS RECEIVED - Continued
Kansas City
TCB Investments, Inc., (formerly Kansas City
Bancshares, Inc.,) Kansas City, Missouri —
for approval to acquire 84.2 percent of the
voting shares of Tri-County Bancshares, Inc.,
El Dorado Springs, Missouri.
2/
San Francisco
Security Pacific Corporation, Los Angeles,
California — for approval to acquire 100
percent of the voting shares of Rainier
Bancorporation, Seattle, Washington, and
indirectly Rainier National Bank, Seattle,
Washington, United Bank, A Savings Bank,
Tacoma, Washington, Rainier Bank Oregon,
N.A., Portland, Oregon, and Rainier Bank
Alaska, N.A., Anchorage, Alaska.
2/
* * * * *
To Expand a Bank: Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Received
Boston
Bank of New England Corporation, Boston,
Massachusetts — for approval to acquire
certain assets of Clayton, Polleys & C o . ,
Inc., Boston, Massachusetts.
Richmond
Sovran Financial Corporation, Norfolk,
Virginia — for approval to engage in certain
investment advisory services through its
subsidiary, Sovran Investment Corporation,
Richmond, Virginia.
Chicago
Illini Community Bancorp, Inc., Springfield,
Illinois — to engage de novo (providing
management consulting services to depository
institutions through its subsidiary.
(5/1/87)
St. Louis
Independent Southern Bancshares, Inc.,
Brownsville, Tennessee — to engage de novo
(making, acquiring and/or servicing loans for
itself or for others of the type made by a
consumer finance company). (4/30/87)
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, 1987, No. 18
20
APPLICATIONS RECEIVED - Continued
St. Louis
Security Bancshares, Inc., Des Arc. Arizona
— for approval to acquire Security Insurance
Agency of Des Arc, Inc., Des Arc, Arizona and
thereby engage as a broker or agent in the
sale of numerous lines of insurance.
Kansas City
Harrison County Bancshares, Inc., Bethany,
Missouri — to engage de novo (engaging in
insurance agency activities in a town of less
than 5,000 persons; discount securities
brokerage activities including certain
securities credit and incidental activities)
(4/30/87)
Dallas
CORRECTION: RB-IF Merger Company, Dallas,
Texas — for approval to acquire InterFirst
Finance Company, Dallas, Texas and thereby
engage in insurance agency and underwriting
activities related to extensions of credit
made by the banks and bank holding company.
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Insurance
Company, Dallas, Texas and thereby engage in
insurance agency and underwriting activities
related to extensions of credit made by the
banks and the bank holding company.
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Services
Corporation, Houston, Texas and thereby
engage in data processing.
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Investment
Management, Inc., Dallas, Texas and thereby
engage in investment advisory services.
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Life Insurance
Company, Dallas, Texas and thereby engage in
insurance agency and underwriting activities
related to extensions of credit made by the
banks and bank holding companies.
Dallas
RB-IF, Dallas, Texas — for approval to
acquire InterFirst Services Corporation,
Dallas, Texas and thereby engage in data
processing.
H.2, 1987, No. 18
21
APPLICATIONS RECEIVED - Continued
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Lending
Corporation, Dallas, Texas and thereby engage
in commercial, consumer and mortgage lending
activities.
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Mortgage
Company, Dallas, Texas and thereby engage in
commercial, consumer, and mortgage lending
activities.
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Financial
Corporation, Dallas, Texas and thereby engage
in commercial, consumer and mortgage lending
activities.
Dallas
RB-IF Merger Company, Dallas, Texas — for
approval to acquire InterFirst Securities
Company, Dallas, Texas and thereby engage in
discount brokerge activities.
Dallas
RB-IF Merger Company, Dallas, Texas —
for approval to acquire InterFirst Funding
Corporation, Dallas, Texas and thereby engage
in commercial, consumer and mortgage lending
activities.
These notices should have
appeard in H.2. No. 8 for the week ending
February 21, 1987.
San Francisco
Banco Nacional de Mexico, Mexico
City, Mexico; Banamex Holding Company, Los
Angeles, California; and Ammex Holding
Company, Los Angeles, California — to engge
de novo in the issuance of consumer type
payment instruments denominated in Mexican
pesos.
San Francisco
First Security Corporation, Salt Lake City,
Utah — for approval to engage de novo
through First Security Discount Brokerage in
the activities of purchasing and selling gold
and silver bullion and coin for its
customers.
H.2, 1987, No. 18
22
APPLICATIONS RECEIVED - Continued
San Francisco
Learner Financial Corporation, Orinda,
California — to engage de novo (providing to
others financially related data processing
and data transmission services, facilities,
and data bases; or access to them) through
Learner Financial Corporation Information
Systems Division, Walnut Creek, California.
(4/29/87)
San Francisco
Security Pacific Corporation, Los Angeles,
California — for approval to acquire Rainier
Brokerage Services, Inc., Seattle,
Washington, and thereby engage in providing
securities brokerage services and other
incidental activities, including without
limitation, related securities credit and
cash management services.
San Francisco
Security Pacific Corporation, Los Angeles,
California — for approval to acquire Rainier
Credit Life Insurance Company, Seattle,
Washington and thereby indirectly act as an
underwriter and reinsurer for credit life
insurance, credit accident and health
insurance directly related to extensions of
credit by affiliates of Security Pacific
Corporation.
San Francisco
Security Pacific Corporation, Los Angeles,
California — for approval to acquire Rainier
Mortgage Company, Seattle, Washington and
thereby engage in making, servicing,
acquiring and selling of loans, for its own
account and for the account of others, such
as would be made by mortgage companies.
San Francisco
Security Pacific Corporation, Los Angeles,
California — for approval to acquire Rainier
Real Estate Advisors, Inc., Seattle,
Washington and thereby engage in offering
real estate investment advice to real estate
investment trusts and other persons.
* * * * *
H.2, 1987, No. 18
23
APPLICATIONS RECEIVED - Continued
Agreements Filed Pursuant to Section 8 of the
Securities Exchange Act of 1934
Banca Nazionale de Lavoro has filed an
agreement with the Federal Reserve Bank of
New York (which is authorized to accept such
agreements on behalf of the Board of
Governors under delegated authority),
undertaking to comply with all provisions
which relate to the use of credit to finance
transactions in securities.
@FedFRASER