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•

ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Applications and Reports Received or Acted on
H.2
1973 No. 21

During the Week Ending May 26, 1973

District

3

Date
Registration Statement Filed Pursuant to
Section 12(g) of the Securities Exchange Act
Received
The Bank of Mid-Jersey, Bordentown Township, New Jersey

5-21-73

* * * * *

1

Current Report Filed Pursuant to Section 13
of the Securities Exchange Act
Received
Manchester State Bank, Manchester, Connecticut
* * * * *

10

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Withdrawn
Bank of Boulder, Boulder, Colorado




* * * * *

5-21-73




To Withdraw from Membership in the Federal Reserve
System Without a Six-Month Notice as Prescribed by
Section 9 of the Federal Reserve Act
Received
State Bank & Trust Company, Beeville, Texas
Denied
Broadway Bank and Trust Company, Paterson, New Jersey
East End State Bank, Houston, Texas
State Bank & Trust Company, Beeville, Texas

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
Long Island Trust Company, Garden City, New York.
Branch to be established at the Northwest corner
of Gerard Street and New York Avenue, Huntington,
Suffolk County.
The Newark Trust Company, Newark, Ohio. To establish
a branch (Mobile Unit) in Licking County.
Hagerstown Trust Company, Hagerstown, Maryland. Branch
to be established at the intersection of West
Side Avenue and West Franklin Street, Hagerstown.
The Bank of New Orleans and Trust Company, New Orleans,
Louisiana. Branch to be established at Poydras
Street and St. Charles Avenue, New Orleans.
Bank & Trust Company in Alexandria, Alexandria, Louisiana.
Branch to be established at Memorial Drive near
Masonic Drive in the Alexandria Mall Shopping Center,
Alexandria.
American Bank and Trust Company, Racine, Wisconsin.
to be established at the Northeast corner of Lake
Avenue and Fifth Street, Racine.

Branch

f

H. 2
1973

7

12

1

- 3 Received Continued
Trenton State Bank, Trenton, Michigan. Branch to be
established at 3701 West Road, Trenton.
Bank of Idaho, Boise, Idaho. Branch to be established
in Elkhorn Village at Elkhorn in Sun Valley, Blaine
County.
Approved
*The Merrill Trust Company, Bangor, Maine. Branch to be
established at the intersection of Route 1 Bypass and
Route 3 (Belmont Avenue and U. S. 1) Belfast.

3

"The Fidelity Bank, Rosemont, Montgomery County, Pennsylvania.
Branch to be established at the Northeast corner of
Schadt and Mickley Avenue, Whitehall Township, Leigh
County.

5

"First Virginia Bank of Roanoke Valley, Roanoke, Virginia.
Branch to be established at 25 Church Avenue, S. W.,
Roanoke.
* * * >

7

12

2

°k

To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Received
The Indiana National Bank, Indianapolis, Indiana.
establish a branch in Georgetown, Grand Cayman,
Cayman Islands.

Security Pacific National Bank, Los Angeles, California.
To establish a branch in Brussels, Belgium.
Approved
New Jersey Bank, National Association, Paterson, New Jersey,
To establish a branch in Georgetown, Cayman Islands.

*Application processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.




To

H.2
1973 No. 21

7

3

- 4 To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Received
Financial Data Systems, Inc., Detroit, Michigan,
for prior approval to acquire 1,780,435 shares
of common stock and 165,000 shares of preferred
stock of Bank of the Commonwealth, Detroit,
Michigan.
Approved
**Univest Corporation of Pennsylvania, Souderton,
Pennsylvania, for prior approval to acquire 100
per cent of the voting shares (less directors'
qualifying shares) of the successor by merger to
Union National Bank and Trust Company of Souderton,
Souderton, Pennsylvania.

5-25-73

10

**Estes Bank Corporation, Estes Park, Colorado, for
prior approval to acquire 100 per cent (less
directors' qualifying shares) of the voting shares
of The Estes Park Bank, Estes Park, Colorado.

5-24-73

10

**First Golden Bancorporation, Golden, Colorado, for
prior approval to acquire 98.7 per cent of the
voting shares of The First National Bank in Golden,
Golden, Colorado.

5-24-73

10

**FNS Inc., Schuyler, Nebraska, for prior approval to
acquire 82.6 per cent of the voting shares of
First National Bank, Schuyler, Nebraska.

5-25-73

10

Geneva Investment Company, Lincoln, Nebraska, for
prior approval to acquire 94.67 per cent or more
of the voting shares of Fillmore County Bank,
Geneva, Nebraska.

**Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




H.2
1973 No. 21

- 5
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Received
Atlantic Bancorporation, Jacksonville, Florida, for
prior approval to acquire all of the voting shares
(less directors1 qualifying shares) of Conway
Atlantic Bank, Orlando, Florida, a proposed new
bank.

6

Bamett Banks of Florida, Inc., Jacksonville, Florida,
for prior approval to acquire 90 per cent or more
of the voting shares of The First National Bank of
Bay Harbor Islands, Bay Harbor Islands, Florida.
First Amtenn Corporation, Nashville, Tennessee, for
prior approval to acquire 80 per cent or more of
the outstanding voting shares of The First National
Bank of Tullahoma, Tullahoma, Tennessee,
Pan American Bancshares, Inc., Miami, Florida, for
prior approval to acquire at least 50 per cent
of the voting shares of Pan American Bank of
Inverrary, Lauderhill, Florida, a proposed new
bank.

2

Approved
**The Industrial Bank of Japan, Limited, Tokyo, Japan,
for prior approval to acquire additional shares of
Bank of Tokyo Trust Company, New York, New York.

5

First Virginia Bankshares Corporation, Falls Church,
Virginia, for prior approval to acquire 100 per
cent of the voting shares (less directors1 qualifying shares) of the successor by merger to The First
National Bank in Onancock, Onancock, Virginia.

6

Atlantic Bancorporation, Jacksonville, Florida,
reconsideration of an Order dated November 22,
1972, which denied an application to acquire Bank
of New Smyrna, New Smyrna Beach, Florida.

8

Mark Twain Bancshares, Inc., Clayton, Missouri, for
prior approval to acquire not less than a majority
and as much as all of the voting shares (less
directors1 qualifying shares) of Parkway Bank and
Trust Company, St. Louis County (P.O. Chesterfield),
Missouri.

^Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.



5-24-73

H.2
1973 No. 21

"

"

Approved Continued
U.N. Bancshares, Inc., Springfield, Missouri, for
prior approval to acquire 90 per cent or more of
the voting shares of Bank of Taney County, Forsyth,
Missouri.

8

Denied
New England Merchants Company, Inc., Boston, Massachusetts, for prior approval to acquire all of the
voting shares of Hancock Bank and Trust Company,
Quincy, Massachusetts.

1

Reactivated
On H.2 No. 4, the Board reported receipt of an
application from State Street Boston Financial
Corporation, Boston, Massachusetts, for prior
approval to acquire 100 per cent of the voting
shares of the successor by merger to Union National
Bank, Lowell, Massachusetts. This application was
placed in suspense following receipt of a Department of Justice letter to the Board dated April
25, 1973. Following receipt of Applicant f s reply
dated May 23, 1973, this application has been reactivated.

1

3

6

Returned
**Citizens Bancorp, Vineland, New Jersey, for prior
approval to acquire 100 per cent of the voting
shares (less directors* qualifying shares) of
Citizens National Bank of Wildwood, Wildwood, New
Jersey, a proposed new bank.

7

Suspended
On H.2 No. 13, the Board reported receipt of applications from Michigan National Corporation, Bloomfield Hills, Michigan, for prior approval to acquire
100 per cent (less directors 1 qualifying shares) of
the voting shares of the successors by merger to
Central Bank, National Association, Grand Rapids,
First National Bank of East Lansing, East Lansing,
First National Bank of Wyoming, Wyoming, and Valley
National Bank of Saginaw, Saginaw, all in Michigan.
These applications are now in suspense awaiting
receipt of Applicant's reply to a letter dated May
11, 1973, from the Commissioner of the Financial
Institutions Bureau for the State of Michigan to
the Board.

^Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




5-25-73

1973 No. 21

10

7

" /Withdrawn
On H.2 No. 51 (1972), the Board reported receipt of
an application from Preferred Investment Shares,
Inc., Denver, Colorado, for permission to retain
13,693 of the additional voting shares of Center
State Bank, Denver, Colorado. Following divestiture of these shares, in a letter dated May 9,
1973, Applicant requested that the application
be withdrawn.

*

1

* * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Received
**Industrial National Corporation, Providence, Rhode
Island, notification of intent to continue to
engage in d£ novo activities (consumer finance;
and insurance underwriting of credit life insurance,
credit accident and health insurance; and insurance
agency or brokerage in connection with selling to
consumer finance borrowers credit life insurance,
credit accident and health insurance, and property
damage insurance for collateral securing loans made
to borrowers) through a subsidiary known as Southern
Discount Company, Barnwell, South Carolina.

5-25-73

1

**United Bancorp of Maine, Portland, Maine, notification of intent to engage in a de novo activity
(activities as would normally be performed by a
mortgage company) through a subsidiary to be known
as United Mortgage Company, Portland, Maine.

5-21-73

5

**First Virginia Bankshares Corporation, Falls Church,
Virginia, notification of intent to engage in de
novo activities (operating as a finance company
including the extension of small personal loans;
financing retail installment sales; granting real
estate loans, primarily second mortgage loans; and
acting as agent or broker in the sale of property
insurance, credit life insurance, and credit
accident and health insurance to its customers)
through its subsidiary, Atlantic Finance Company
(a subsidiary of Bension Investment Corporation),
in Shreveport, Louisiana.

5-22-73

**Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




5

5

Received Continued
**The Citizens and Southern Corporation, Charleston,
South Carolina, notification of intent to engage
in de novo activities (servicing loans and other
extensions of credit; and making or acquiring,
for its own account, loans and other extensions
of credit, such as would be made by a mortgage
or finance company; and offering credit life
insurance for the convenience of its borrowing
customers in connection with such activity)
through its subsidiary, Carolina National Mortgage
Investment Company, Inc., in Knoxville, Tennessee.
**Union Trust Bancorp, Baltimore, Maryland, notification of intent to engage in de novo activities
(making secondary mortgage loans secured in whole
or in part by mortgage, deed of trust, security
agreement or other lien on real estate situtated
in the State of Maryland, which property is subject to the lien of one or more prior encumbrances
other than a ground rent or other leasehold interest ; and acting as agent in the sale of credit
life insurance, and credit accident and health
insurance) through a subsidiary to be known as
Union Home Loan Corporation, in Glen Burnie and
Lutherville, Maryland.

5

5

United Carolina Bancshares Corporation, Whiteville,
North Carolina, for prior approval to acquire the
accounts receivable, licenses, fixed assets, and
unearned insurance premiums of Prudential Credit
Corporation of Sanford, Sanford, North Carolina.
**Virginia National Bankshares, Inc., Norfolk, Virginia,
notification of intent to engage in ide novo
activities (making, acquiring, and servicing, for
its own account or for the account of others, loans
secured principally by second mortgages on real
property; and acting as agent in the sale of credit
life insurance, and accident and health insurance
in connection with such loans) through its subsidiary, VNB Equity Corporation, Lynchburg, Newport
News, Portsmouth, and Richmond, Virginia.

**Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




H.2
1973 No. 21

6

6

6

- 9 Received Continued
First Commerce Corporation, New Orleans, Louisiana, for prior approval to acquire 100 per
cent of the shares of Money, Inc., New Orleans,
Louisiana; E-Z Finance Plan of Gulfport, Inc.,
Gulfport, Mississippi; and E-Z Finance Plan of
Biloxi, Inc., Biloxi, Mississippi.
**First National Holding Corp. , Atlanta, Georgia,
notification of intent to engage in de novo
activities (making, acquiring, or servicing
loans or other extensions of credit for personal, family or household purposes; and acting
as insurance agent or broker in selling insurance to borrowers from such finance subsidiaries,
to include credit life insurance, accident and
health insurance, and property damage insurance,
for collateral supporting loans made by such
finance subsidiaries) through its present subsidiary, Dixie Finance Co., in Brewton, Bay
Minette, Opp, Atmore, Andalusia, and Demopolis,
Alabama.
The Alabama Financial Group, Inc., Birmingham, Alabama,
for prior approval to engage, de novo, in the activity of underwriting credit life insurance, and
credit accident and health insurance through a subsidiary to be known as Southern States Life Insurance Company, Birmingham, Alabama.

**Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




5-25-73

H.2
1973 No. 21

7

7

12

- 10 Received Continued
**The Indiana National Corporation, Indianapolis,
Indiana, notification of intent to engage in
de novo activities (acquiring, for its own
account or for the account of others, (1)
direct loans in the form of consumer loans
which would be made by companies subject to
regulation under the Uniform Consumer Credit
Code, business purpose loans and other extensions of credit in the form of conditional
sales contracts and retail installment sales
contracts and (2) loans or other extensions of
credit to developers of Mobile Home Parks or
recreational land developments in the form of
interim financing, either unsecured or secured
by a real estate mortgage on the development,
irrespective of whether the developer possesses
a commitment for permanent financing at the time
interim financing is made available) in Bloomington
and Greenwood, Indiana, through a subsidiary known
as Tower Finance and Acceptance Corporation,
Indianapolis, Indiana.
**United Michigan Corporation, Flint, Michigan, notification of intent to continue to engage in de novo
activities (residential and commercial mortgage
financing, which in addition to the originating of
mortgages will also include the sale of mortgages
to investors; the Mid-Michigan Mortgage Investment
Company will also retain in many cases the servicing of mortgages sold) through a subsidiary
known as Mid-Michigan Mortgage Investment Company,
Flint, Michigan.
BankAmerica Corporation, San Francisco, California,
for prior approval to acquire all of the shares of
BA Insurance Company, Inc., San Francisco, California.

^Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




5-25-73

5-24-73

H. 2
1973 No. 21

1

- 11 Approved
Worcester Bancorp Inc., Worcester, Massachusetts,
for prior approval to acquire all of the voting
shares of Empire Mortgage Corp. of Connecticut ,
Hartford, Connecticut; Empire Mortgage Corp. of
Massachusetts, Natick, Massachusetts; Empire
Finance Corp. of Rhode Island, Providence, Rhode
Island; and Empire Mortgage Corp. of New Hampshire,
Concord, New Hampshire, companies that engage
primarily in the activity of making loans to
individuals secured by second mortgages on nonincome producing real estate. All four companies are wholly-owned subsidiaries of Empire
Group, Inc., Natick, Massachusetts.

4

Centran Bancshares Corporation, Cleveland, Ohio,
for prior approval to acquire Peoples Investment
Company, Louisville, Kentucky, a company engaged
primarily in consumer finance activities. The
Board's Order is conditioned upon Applicant 1 s
undertaking to dispose of its automobile leases
and discontinue all auto leasing activities
within 60 days from consummation of the acquisition.

9

Northwest Bancorporation, Minneapolis, Minnesota, for
prior approval to acquire voting shares of Banco
Credit Life Insurance Company, Minneapolis, Minnesota, a company that will engage de novo in the
underwriting, as reinsurer, of credit life and
disability insurance in connection with extensions
of credit by Applicant's subsidiaries.

10




Geneva Investment Company, Lincoln, Nebraska, for
approval to continue to engage in the activities
of a general insurance agency in a community of
less than 5,000 persons.

H.2
1973 No. 21

12

7

-12

Approved Continued
Revised:
Crocker National Corporation, San Francisco,
California, for prior approval to acquire the
voting shares of Schumacher Mortgage Company,
Inc., Memphis, Tennessee, a company that engages
primarily in the following activities: (1) making
or acquiring real estate loans for its own
account and for the account of others; (2) servicing real estate loans for its own account or for
the account of others; and (3) acting as an insurance agent or broker selling casualty, group
credit life and group credit disability insurance,
related to the extension of credit by Schumacher
and SchumacherT s servicing activities.
Delayed
**Finaneial Incorporated, Fort Wayne, Indiana, notification of intent to engage in a de_ novo activity
(serving as investment adviser, as defined in
section 2(a)(20) of the Investment Company Act of
1940, to an investment company registered under
that Act; providing portfolio investment advice
to financial institutions and other persons; and
furnishing general economic information and advice)
through a subsidiary known as Financial Investment
Advisors, Inc., Fort Wayne, Indiana.

**Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




5-23-73

H.2
1973 No. 21

2

- 13 Permitted
**First National City Corporation, New York, New
York, to establish a new office of its whollyowned subsidiary, Acceptance Finance Company,
as a subsidiary thereto, to engage in de. novo
activities (making consumer installment personal loans, purchasing consumer installment
sales finance contracts; and acting as broker
for the sale of consumer credit related lifeaccident and health insurance, and consumer
credit related property and casualty insurance;
if this proposal is effected, it will offer to
sell insurance as follows: (a) credit lifeaccident and health insurance to cover the
outstanding balance of loans to borrowers in
the event of their death, or to make the contractual monthly payments on the loan in the
event of the borrowers disability; (b) individual casualty insurance on property,
generally automobiles and household goods, subject to security agreements) in Las Vegas,
Nevada.

5-21-73

5

**Bank of Virginia Company, Richmond, Virginia, to
engage in de novo activities (making mortgage
loans principally secured by junior liens on
commercial, residential and unimproved real
estate; and acting as agent for credit life,
accident and health insurance arising out of
business conducted) through its present subsidiary,
Hanover Mortgage Corporation, in Fairfax, Virginia.

5-25-73

5

**Bank of Virginia Company, Richmond, Virginia, to
engage in a de novo activity (full notification
and non-notification factoring of accounts receivable, secured and unsecured commercial financing, without restriction as to the nature of
security taken, including, but not limited to providing guarantees of letters of credit, and issuing
letters of guaranty of any kind) through its present subsidiary, Rusch Factors, Inc., in Atlanta,
Georgia,

5-26-73

**Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




H.2
1973 No. 21

6

-14-

Permitted ^Continued
**Citizens and Southern Holding Company, Atlanta,
Georgia, to engage in a de novo activity (providing bookkeeping or data processing services
for the internal operations of the Citizens and
Southern Holding Company and its subsidiaries,
and storing and processing other banking, financial, or related economic data, such as performing payroll, accounts receivable or payable,
or billing services) in Albany, Georgia, through
a subsidiary known as Citizens and Southern Data
Processing, Inc.

5-24-73

6

**Citizens and Southern Holding Company, Atlanta,
Georgia, to engage in a de novo activity (providing bookkeeping or data processing services
for the internal operations of the Citizens and
Southern Holding Company and its subsidiaries,
and storing and processing other banking, financial, or related economic data, such as performing payroll, accounts receivable or payable,
or billing services) in Augusta, Georgia, through
a subsidiary known as Citizens and Southern Data
Processing, Inc.

5-25-73

6

**Citizens and Southern Holding Company, Atlanta,
Georgia, to engage in de novo activities ((a)
making or acquiring, for its own account or for
the account of others, loans and other extensions
of credit (including issuing letters of credit
and accepting drafts), such as would be made by
a mortgage company; (b) servicing loans and other
extensions of credit for any person; and (c) acting
as investment or financial adviser, including (i)
serving as the advisory company for a mortgage or
real estate investment trust; and (ii) furnishing
economic or financial information) in Columbia,
South Carolina, through a subsidiary known as
Citizens and Southern Mortgage Company.

5-20-73

**Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




H.2
1973 No. 21

6

-15Permitted Continued
**Citizens and Southern Holding Company, Atlanta,
Georgia, to engage in de_ novo activities ((a)
making or acquiring, for its own account or for
the account of others, loans and other extensions
of credit (including issuing letters of credit
and accepting drafts), such as would be made by
a mortgage company; (b) servicing loans and other
extensions of credit for any person; and (c)
acting as investment or financial adviser, including (i) serving as the advisory company for
a mortgage or real estate investment trust; and
(ii) furnishing economic or financial information)
in Hilton Head Island, South Carolina, through a
subsidiary known as Citizens and Southern Mortgage
Company.

6

**Citizens and Southern Holding Company, Atlanta,
Georgia, to engage in cte novo activities ((a)
making or acquiring, for its own account or for
the account of others,loans and other extensions
of credit (including issuing letters of credit and
accepting drafts), such as would be made by a mortgage company; (b) servicing loans and other extensions of credit for any person; and (c) acting as
investment or financial adviser, including (i)
serving as the advisory company for a mortgage
or real estate investment trust; and (ii) furnishing
economic or financial information) in New Orleans,
Louisiana, through a subsidiary known as Citizens
and Southern Mortgage Company.

6

**The Alabama Financial Group, Inc., Birmingham,
Alabama, to shift a de novo activity (providing
bookkeeping or data processing services for the
internal operations of the holding company and its
subsidiaries and storing and processing other banking, financial or related economic data, such as
performing payroll, accounts receivable or payable,
or billing services for others) from a subsidiary
bank to a subsidiary known as AFG Data Services, Inc.
in Birmingham, Alabama.

**Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




H.2
1973 No 21

7

7

- 16Permitted Continued
**First Chicago Corporation, Chicago, Illinois, to
engage in a de novo activity (leasing personal
property and equipment, or acting as agent,
broker, or adviser in leasing of such property,
where at the inception of the initial lease the
expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same
property will be to compensate the lessor for
not less than the lessor's full investment in
the property) through a subsidiary known as
First Chicago Lease Holdings, Inc., Chicago,
Illinois.

5-21-73

**First Wisconsin Bankshares Corporation, Milwaukee,
Wisconsin, to engage in a de novo activity
(acting as investment or financial adviser to
the extent of (i) serving as investment adviser,
as defined in section 2 (a)(20) of the Investment
Company Act of 1940, to one or more investment
companies registered under that Act; (ii) providing portfolio investment advice to any other
person; and (iii) providing financial advice to
State and local government, such as with respect
to the issuance of their securities; and such
incidental activities as are necessary to the
foregoing) through a subsidiary known as First
Wisconsin Investment Management Corporation,
Milwaukee, Wisconsin.

5-26-73

10

**First Western Corporation, Kimball, Nebraska, to
engage in a de_ novo activity (making loans or
advances to persons or corporations engaged in
producing or marketing agricultural products)
through the acquisition of shares in a corporation to be known as Western AG-Credit Corporation,
in Ogallala, Imperial, Sutherland, Brule, Madrid,
Bushnell and Kimball, Nebraska.

5-24-73

12

**Hawaii Bancorporation, Inc., Honolulu, Hawaii, to
engage in a &e novo activity (leasing personal
property and equipment) through a subsidiary,
Bancorp (Hawaii) Leasing, Inc., in Honolulu, Hawaii.

5-21-73

^Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




H- 2
1973 No. 21

12

•
"

17

Permitted Continued
**Patagonia Corporation, Tucson, Arizona, to continue to engage in de novo activities (ownership and management of real property to be used
primarily for conducting the banking activities
of Patagonia Corporation and those activities
which the Board has found, or may in the future
find, to be so closely related to banking or
managing or controlling banks as to be a proper incident thereto, some of which property
is now owned by the banking subsidiary of
Patagonia and some of which may be acquired in
the future) through a subsidiary, Patagonia
Subsidiaries Properties, Inc., in Tucson, Arizona.

5-20-73

* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(12) of the Bank Holding Company Act of 1956
Received
**Warner Communications Inc., New York, New York, notification of intent to acquire, through a whollyowned subsidiary, Sterling Communications, Inc.,
New York, New York.
**American Financial Corporation, Cincinnati, Ohio,
notification of intent to acquire Gummings and
Associates, Inc., Phoenix, Arizona, an insurance
agency, through American Insurance Agency, Phoenix,
Arizona, a wholly-owned subsidiary of its 89 per
cent owned subsidiary, American Continental Homes
Inc., Cincinnati, Ohio.
Permitted
**The Sperry and Hutchinson Company, New York, New York,
to acquire Homecrest Company, and B and E Industries
Inc., Wadena, Minnesota, through its subsidiary,
Daystrom Furniture Inc., South Boston, Virginia,

**Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.




5-21-73

5-21-73

5-20-73

#
H.2
1973 No. 21
2

#
- 18 -

Permitted Continued
**The Sperry and Hutchinson Company, New York, New
York, to acquire Byrnes-McCaffrey, Inc., Chicago,
Illinois, through its subsidiary, National Business Services Inc., Los Angeles, California.

5-26-73

7

**Marcor Inc., Chicago, Illinois, to acquire Wellborn
Paint Manufacturing Company, Inc., Albuquerque,
New Mexico (manufactures and sells paint),
through its subsidiary, Standard T Chemical
Company, Inc., a Delaware Corporation.

5-26-73

7

**Marcor Inc., Chicago, Illinois, to acquire all of
of the assets and liabilities of San Diego Paper
Stock, Inc., San Diego, California (engaged in
waste paper purchases and sales), through its
subsidiary, Container Corporation of America,
Chicago, Illinois.

5-26-73

**Processed by Reserve Bank on behalf of the Board of Governors under
delegated authority.