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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1989, No. 21 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending May 27, 1989. ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES SouthTrust Corporation, Birmingham, Alabama — to acquire SouthTrust National Bank after its relocation from Phenix City, Alabama, to Columbus, Georgia; and SouthTrust Bank of Russell County, Phenix City, Alabama. Approved, May 22, 1989. FORMS Monthly Survey of Selected Deposits and Other Accounts (FR 2042) and Quarterly Survey of the Number of Selected Deposit Accounts (FR 2071) — extension and revision of the former and elimination of the latter form. Approved, May 25, 1989. Report of Brokers Carrying Margin Accounts (FR 2240) — extension. Approved, May 25, 1989. Survey of Terms of Bank Lending (FR 2028A, 2028A-S, and 2028B) — extension with revision. Approved, May 25, 1989. 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 Cleveland Central Trust Company, Newark, Ohio — to establish a customer bank communication terminal at 1155 North 21st Street. Approved, May 22, 1989. Richmond Signet Bank / Virginia, Richmond, Virginia — to establish a branch at the Williamsburg Crossing Shopping Center located at the intersection of Route 199 and Route 5, Williamsburg, Virginia. Approved, May 24, 1989. H.2 MAY 22, 1989 PAGE 2 TO MAY 26, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Richmond Signet Bank / Virginia, Richmond, Virginia — to establish a branch at 2230 East Parham Road. Approved, May 24, 1989. New York United Jersey Bank, Hackensack, New Jersey — to establish an offsite electronic facility at Prudential Insurance Company of America, 1111 Durham Road, South Plainfield, Middlesex, New Jersey. Approved, May 25, 1989. BANK HOLDING COMPANIES Boston Bank of Boston Corporation, Boston, Massachusetts — to engage de novo in trust company activities, through BancBoston Trust Company of New York. Approved, May 26, 1989. Atlanta Bankers7 Bancorporation of Florida, Orlando, Florida — to acquire Independent Bankers7 Bank of Florida Approved, May 22, 1989. Atlanta Barnett Banks, Inc., Jacksonville, Florida — to expand the activities of Barnett Merchant Services, Inc. Withdrawn, May 23, 1989. Chicago BJS, Inc., West Union, Iowa — to retain voting shares of Westmont Corporation, and acquire The Farmers Savings Bank. Approved, May 25, 1989. Cleveland Central Bancorporation, Cincinnati, Ohio, and PNC Financial Corp., Pittsburgh, Pennsylvania — to acquire Money Station, Inc., Columbus, Ohio, and engage in ATM switch services. Permitted, May 26, 1989. New York Citicorp, New York, New York — to acquire Citicorp Information Resources, Stamford, Connecticut, and engage in data processing and management consulting services to depository institutions. Approved, May 24, 1989. H .2 MAY 22, 1989 PAGE 3 TO MAY 26, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Farmers Savings Bank Employee Stock Ownership Plan and Trust, West Union, Iowa — to acquire BJS, Inc., West Union, Iowa. Approved, May 25, 1989. Chicago First Michigan Bank Corporation, Holland, Michigan — to acquire Security National Bank of Manistee Manistee, Michigan. Approved, May 24, 1989. Minneapolis JDOB Incorporated, Naples, Florida — to acquire the First State Bank of New Germany, New Germany, Minnesota. Approved, May 26, 1989. Kansas City Labette County Bankshares, Inc., Altamont, Kansas — to engage de novo in accepting and servicing loan applications through Kansas Credit Company, Inc., Parsons, Kansas. Approved, May 24, 1989. S t . Louis Liberty National Bancorp, Inc., Louisville, Kentucky — to engage de novo in lending and credit related insurance activities through Liberty Financial Services, Inc. Permitted, May 22, 1989. Chicago Mechanicsville Trust & Savings Bank, Trustee of Mechanicsville Trust & Savings Bank Employee Stock Ownership Plan & Trust, Mechanicsville, Iowa — to acquire additional shares of Mechanicsville Bancshares, Inc. Returned, May 24, 1989. New York Midland Bank PLC, London, England — to engage de novo in financial advisory activities through Samuel Montagu, Inc., New York, New York. Permitted, May 26, 1989. Richmond MNC Financial, Inc., Baltimore, Maryland — to acquire Prime Rate Premium Finance Corporation and Prime Rate Systems, Inc., Florence, South Carolina Approved, May 26, 1989. H.2 MAY 22, 1989 PAGE 4 TO MAY 26, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City New Hampton Bancshares, Inc., Albany, Missouri — acquire Security Bancshares, Inc., and Bank of Gallatin, Gallatin, Missouri. Approved, May 26, 1989. to Kansas City NorCentral Bancshares, Inc., Portis, Kansas — acquire The First State Bank of Portis. Approved, May 25, 1989. Minneapolis Norwest Corporation, Minneapolis, Minnesota; Norwest Financial, Inc., Des Moines, Iowa; and Norwest Financial Services, Inc. — to engage de novo nationwide in underwriting involuntary unemployment insurance. Permitted, May 24, 1989. Kansas City Omnibancorp, Denver, Colorado — to engage in collection agency activities through Progressive Financial Services, Inc. Permitted, May 22, 1989. Philadelphia Penncore Financial Services, Inc., Newton, Pennsylvania — to engage de novo in courier services through Commonwealth Courier Services, Inc. Permitted, May 25, 1989. Dallas Red River Financial Corporation, Detroit, Texas — acquire Community National Bank. Approved, May 24, 1989. Richmond Romney Bankshares, Inc., Romney, West Virginia — acquire The Bank of Romney. Approved, May 23, 1989. Minneapolis Security Bancshares Company, Glencoe, Minnesota — acquire Waconia State Bank, Waconia, Minnesota. Approved, May 23, 1989. Dallas Texas Bancorporation, Inc., Odessa, Texas — acquire Texas Bank. Approved, May 25, 1989. to to to to to H .2 MAY 22, 1989 PAGE 5 TO MAY 26, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Tuscaloosa Bancshares, Inc., Denham Springs, Louisiana — to engage in data processing services. Withdrawn, May 22, 1989. Dallas West Bancshares of Delaware, Inc., Wilmington, Delaware — to acquire West Bank & Trust, West, Texas. Approved, May 26, 1989. Boston Woburn National Corporation, Woburn, Massachusetts — to engage de novo in commercial loan activities. Permitted, May 26, 1989. BANK MERGERS Richmond Bank of Romney, Romney, West Virginia — with Romney Interim Bank Corporation. Approved, May 23, 1989. to merge Chicago First of America Bank - Northern Michigan, Cheboygan, Michigan — to merge with First of American Bank Petoskey, National Association, Petoskey, Michigan. Approved, May 25, 1989. BANK PREMISES Richmond Peoples Bank of Montross, Montross, Virginia — investment in bank premises. Approved, May 26, 1989. Chicago Pioneer Bank, North Branch, Michigan — bank premises. Approved, May 25, 1989. investment in BANKS, STATE MEMBER Minneapolis Culbertson State Bank, Culbertson, Montana — of a dividend. Approved, May 26, 1989. payment H .2 MAY 22, 1989 PAGE 6 TO MAY 26, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Kansas City New Hampton Bancshares, Inc., Albany, Missouri — redemption of shares. Approved, May 26, 1989. CHANGE IN BANK CONTROL Dallas Bank of Van Zandt, Canton, Texas — control. Permitted, May 22, 1989. change in bank Minneapolis Crow River State Bank, Delano, Minnesota -- change in bank control. Permitted, May 25, 1989. Chicago Keystone Community Bancorporation, Keystone, Iowa — change in bank control. Permitted, May 24, 1989. Kansas City Quivira Banc Shares, Inc., Sterling, Kansas — in bank control. Permitted, May 25, 1989. change COMPETITIVE FACTORS REPORTS Chicago Bank of Farmington, Farmington, Illinois, proposed merger with BF Interim Bank — report on competitive factors. Submitted, May 25, 1989. Atlanta Commercial Bank, Crawford, Georgia, proposed merger with Commercial Interim, Inc. — report on competitive factors. Submitted, May 24, 1989. Chicago Commercial National Bank of Peoria, Peoria, Illinois, proposed merger with First National Bank of Morton, Morton, Illinois — report on competitive factors. Submitted, May 22, 1989. Dallas Community National Bank, Austin, Texas, proposed merger with New Community Bank, Austin, Texas — report on competitive factors. Submitted, May 24, 1989. H.2 MAY 22, 1989 PAGE 7 TO MAY 26, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Community State Bank of Rock Falls, Rock Falls, Illinois, proposed merger with CIC Bank — report on competitive factors. Submitted, May 22, 1989. Dallas Fair Oaks National Bank, Boerne, Texas, proposed merger with First National Bank — report on competitive factors. Submitted, May 23, 1989. Minneapolis First National Bank, Pierre, South Dakota, proposed purchase of the assets and assumption of the liabilities of First State Bank, McLaughlin, South Dakota — report on competitive factors. Submitted, May 26, 1989. Dallas First State Bank, Austin, Texas, proposed merger with Community National Bank — report on competitive factors. Submitted, May 23, 1989. Dallas First State Bank, Austin, Texas, proposed merger with New First State Bank — report on competitive factors. Submitted, May 23, 1989. S t . Louis Hannibal National Bank, Hannibal, Missouri, proposed merger with Hannibal Interim, N.A. — report on competit ive factors. Submitted, May 22, 1989. Chicago Illinois Regional Bank, Clarendon Hills, Illinois, proposed merger with UnibancTrust / Hawthorne, Wheaton, Illinois — report on competitive factors. Submitted, May 22, 1989. Philadelphia McConnellsburg Interim National Bank and Company, McConnellsburg, Pennsylvania, merger with The Fulton County National Trust Company — report on competitive Submitted, May 22, 1989. Trust proposed Bank and factors. H.2 MAY 22, 1989 PAGE 8 TO MAY 26, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Merchant Bank of Florida, Brandon, Florida, proposed purchase of the assets and assumption of the liability to pay deposits of the 702 N. Franklin Street Branch, Tampa, Florida, of Florida Federal Savings Bank, St. Petersburg, Florida — report on competitive factors. Submitted, May 23, 1989. Dallas New Texas Bank, Odessa, Texas, proposed merger with Texas Bank — report on competitive factors. Submitted, May 24, 1989. Atlanta Peoples Bank of Fannin County, Blue Ridge, Georgia, proposed merger with Temporary Subsidiary, Inc., Atlanta, Georgia — report on competitive factors. Submitted, May 25, 1989. Atlanta SouthTrust Bank of Alabama, proposed assumption of the National Bank — Submitted, May 25, Dallas Texas Bank, Odessa, Texas, proposed merger with New Texas Bank, Odessa, Texas — report on competitive factors. Submitted, May 23, 1989. S t . Louis Wayne County Bank & Trust Company, Fairfield, Illinois, proposed merger with Fairfield Interim Bank — report on competitive factors. Submitted, May 26, 1989. RussellCounty, Phenix City, purchase of the assets and liabilities of SouthTrust reportoncompetitivefactors. 1989. EXTENSIONS OF TIME Chicago Community Bancorp, Inc., St. Charles, Michigan — extension to September 5, 1989, to acquire Community State Bank of S t . Charles. Granted, May 26, 1989. S t . Louis First Bankers Trustshares, Inc., Quincy, Illinois extension to July 31, 1989, to acquire First Midwest Bank / M.C. N.A. Granted, May 24, 1989. H.2 MAY 22, 1989 PAGE 9 TO MAY 26, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Richmond 1st Carolina Bancshares, Ltd., Charleston, South Carolina — extension to August 28, 1989, to acquire 1st Carolina Bank, N.A. Granted, May 26, 1989. Kansas City First Commerce Bancshares, Inc., Lincoln, Nebraska — * extension to May 23, 1990 to acquire Lincoln Bank South. Granted, May 23, 1989. Minneapolis FNB Bancshares, Inc., Iron Mountain, Michigan — extension to July 23, 1989, to acquire The First National Bank of Iron Mountain. Granted, May 25, 1989. Philadelphia Madison Bancshares Group, Ltd., Blue Belle. Pennsylvania — extension to August 24, 1989, to acquire The Madison Bank. Granted, May 23, 1989. Cleveland Mid Am, Inc., Bowling, Green, Ohio — extension to August 28, 1989, to acquire FBC Bancshares, Inc., Lakeview, Ohio. Granted, May 26, 1989. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — extension to January 5, 1990, to establish a branch at 9325 Cherry Valley Avenue, Caledonia, Michigan. Granted, May 24, 1989. Kansas City Stuart Family Partnership, Lincoln, Nebraska; the James Stuart, Jr. Family Partnership; the Scott Stuart Family Partnership; and the Catherine Stuart Schmoker Family Partnership — extension to May 23, 1990 to acquire Lincoln Bank South. Granted, May 23, 1989. Chicago Tompkins Bancorp, Inc., Avon, Illinois — extension to August 26, 1989, to acquire Tompkins State Bank. Granted, May 23, 1989. H.2 MAY 22, 1989 PAGE 10 TO MAY 26, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY INTERNATIONAL OPERATIONS San Francisco Pacific International Bank, San Francisco, California — to retain Golden Gate Finance Co., Hong Kong; and to make subordinated loans to Golden Gate. Permitted, May 23, 1989. Philadelphia First Commercial Bank of Philadelphia, Philadelphia, Pennsylvania — to become a member of the Federal Reserve System. Returned, May 22, 1989. Richmond Peninsula Trust Bank, Incorporated, Gloucester, Virginia — to become a member of the Federal Reserve System. Approved, May 22, 1989. Richmond Romney Interim Bank Corporation, Romney, West Virginia — to become a member of the Federal Reserve System. Approved, May 23, 1989. MEMBERSHIP RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Cleveland — revised cost estimate and corresponding reduction in the lease fee for new intelligent terminal package. Approved, May 25, 1989. Director, FRBO Federal Reserve Bank of New York — to purchase printers, workstations, point directors, and associated cabling. Approved, May 26, 1989. H.2 MAY 22, 1989 PAGE 11 ADDITIONS AND CORRECTIONS TO MAY 26, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Atlanta SouthTrust Bank of Pinellas County, St. Petersburg, Florida — to establish a branch at 1255 Pasadena Avenue South. Approved, May 15, 1989. COMPETITIVE FACTORS REPORTS San Francisco * Wells Fargo Bank, N.A., San Francisco, California, proposed merger with Bank of Paradise, Paradise, California — report on competitive factors. Submitted, May 8, 1989. Please note that H. 2 No. 20 is for the week ending May 20, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Corroent Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Conroent Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application 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 branches at Estee Iauder Companies, 132 Sweet Hollow Road, Old Bethpage, New York and 125 Pinelawn Road, Melville, New York and at Ogilvy & Mather Advertising, 2 East 48 Street, New York, New York.l/ 6/22/89 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Howard R. Curd, Longwood, Florida to acquire up to 25.0% of the shares of Community National Bancorp, Inc., Staten Island, New York. N/A First State Bancorp, Howell, New Jersey to acquire 20% of the shares of First Washington State Bank, Washington, New Jersey, a proposed new bank. 1/ 6/16/89 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) The Hongkong and Shanghai Banking Corp., Hong Kong; Kellett N.V., Curacao, Netherlands Antilles; and HSBC Holding B.V., Amsterdam, the Netherlands to engage through James Capel Inc. and Wardley Inc., in securities brokerage, investment and financial advisory and futures commission merchant activities. N/A The Chase Manhattan Corporation, New York, New York to engage through its subsidiary, Chase Securities, Inc., in providing financial advice to municipalities and administering pooled financings for municipal authorities. N/A SECTION IV Applications Not Involving ______ Public Comment______ Morgan Guaranty International Finance Corporation, New York, New York to make an additional investment in J.P. Morgan & Cie S.A., Paris, Franoe. 1/ 2/ 3/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Bate specified in newspaper notice; a later date m y be specified in the Federal Register notice. N/A - Not Available FEDERAL RESERVE BANKOF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. APPLICATION RETURNED First Commercial Bank of Philadelphia (in organization), Philadelphia, PA for membership in the Federal Reserve System pursuant to Section 9 of the Federal Reserve Act. - returned 5/22/89. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE* OR NEWSPAPER NOTICE Guaranty Bancshares Corporation, Philadelphia, PA to purchase 10% shares of its own common stock pursuant to Section 225.4(b) of Regulation Y. 1/ Subject to provisions of Community Reinvestment Act. *N/A - not yet available. Ten Independence Mall, Philadelphia, PA 1 9 1 0 6 -1 5 7 4 , (21 5) 5 7 4 -6 0 0 0 Applications Bulletin For Week Ending May 27, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING Received Notice of Change in Bank Control on N - June 16, 1989 May 8, 1989 from R.B. Campbell, Hyden, Kentucky, of his intent to acquire an additional 6.3 percent of the total shares outstanding of Hyden Citizens Bancorp, Inc., Hyden, Kentucky, which will increase his total holdings in the target institution to 23.4 percent. Received Notice of Change in Bank Control on May 23, 1989 from Ameritrust Corporation Employees' Savings and Investment Plan of its intent to acquire up to 16 percent of the total shares outstanding of Ameritrust Corporation, Cleveland, Ohio. Received Section 3(a)(5) application on May 26, 1989 from First Financial Bancorp, Monroe, Ohio, to acquire ILB Financial Corp., North Manchester, Indiana.* * # N F - Not Yet Known # * N - June 24, 1989 Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Conment Period Applications Bulletin For Week Ending May 27, 1989 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c)(8) Notification on May 12, 1989 from PNC Financial Corp, Pittsburgh, Pennsylvania, to engage de novo in underwriting and dealing in permitted government obligations and money market instruments pursuant to Section 225.25(b)(16) of Regulation Y through BHC Securities, Inc., Philadelphia, Pennsylvania. Received Notice on May 24, 1989 from Mellon Bank, N.A., Pittsburgh, Pennsylvania, of its intent to increase its investment in Mellon Bank, Canada, Toronto, Canada, by an additional Canadian $9.0 million (approximately U.S. $8.0 million). June 9, 1989 Not Yet Known # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper C e m e n t Period Federal Register Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Barclays Bank of North Carolina, Charlotte, North Carolina, request for permission to relocate a branch from 111 S * Washington Street, Greenville, North Carolina, to 2475 Stantonsburg Road, Greenville, North Carolina.* 6-19-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Unity Bancorp, Inc., Rocky Mount, North Carolina, for prior approval to become a bank holding company through the acquisition of 100% of the voting shares of Unity Bank & Trust Company, Rocky Mount, North Carolina, a de novo bank.* 6-21-89** First Commercial Holding Corporation, Asheville, North Carolina, for prior approval to become a bank holding company through the acquisition of 100% of the voting shares of First Commercial Bank, Asheville, North Carolina.* 6-21-89** Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date RHNB Corporation, Rock Hill, South Carolina, to engage in recourse factoring, accounts receivable financing, and leasing of personal property through the acquisition of Sterling Commercial Corporation, Charlotte, North Carolina. The activity would be conducted nationwide. 6-21-89** Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. May 29, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Bank of Crestview 06-16-89 (CRA) Crestview, Florida Newspaper To merge with First Interim Bank of Crestview, Crestview, Florida (interim merger proposal). Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date FBC Holding Co., Inc. Crestview, Florida 1-BHC fomation, First Bank of Crestview, Crestview, Florida. BMR Financial Group, Inc. 06-14-89 Atlanta, Georgia Federal Register To acquire Bay Bankshares, Inc., Clearwater, Florida, and indirectly acquire its subsidiary banks, AmeriBank, Clearwater, Florida, and AmeriBank of Oldsmar, Oldsmar, Florida. SunTrust Banks, Inc. 06-13-89 Atlanta, Georgia Newspaper To acquire additional shares, up to 24.99 percent of Peoples Bank of Lakeland, Lakeland, Florida. (SunTrust currently owns 4,179 shares of Peoples Bank, representing 13.93 percent). First American Corporation 06-07-89 Nashville, Tennessee Federal Register To acquire First American Community Development Corporation, Nashville, Tennessee, and engage de novo in ccranunity development activities, pursuant to section 225.25(b)(6) of Regulation Y. Franklin Financial Corporation 06-13-89 Franklin, Tennessee Newspaper 1-BHC formation, Franklin National Bank, Franklin, Tennessee (in organization). May 29, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date SouthTrust Corporation 06-29-89 Birmingham, Alabama Federal Register To engage de novo in securities brokerage activities through its subsidiary, SouthTrust Securities, Inc., Birmingham, Alabama, pursuant to section 225.25(b) (15) of Regulation Y. Dadeland Bancshares, Inc. 05-26-89 Miami, Florida Federal Register Joint venture with Dadeland Bank, Miami, Florida (member bank), and Community Bank of Homestead, Homestead, Florida, to retain shares of Financial Processors, Inc., Miami, Florida, and continue engaging in data processing activities, pursuant to section 225.25(b)(7) of Regulation Y (after-the-fact). Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application First Commerce Corporation New Orleans, Louisiana 3(a)(5) Waiver Request. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Tvoe Application Branch Comerica Detroit, Ford & Garden Bank - Detroit Michigan Middlebelt City, Michigan* N - ** Branch Comerica Bank - Detroit Detroit, Michigan 41941 Garfield, M t • Clemens, Michigan* N - ** Branch Comerica Bank - Detroit Detroit, Michigan 4395 Orchard Lake Road Orchard Lake, Michigan* N - ** Branch Comerica Bank - Detroit Detroit, Michigan 5720 North Sheldon Canton, Michigan* N - ** Branch Comerica Bank - Detroit Detroit, Michigan 65 South Livernois Rochester, Michigan* N - ** Merger/ Branch First of America Bank-North Michigan N - ** Cheboygan, Michigan First of America Bank - Grand Traverse, National Association Traverse City, Michigan Branches - 522 Railroad Street, Traverse City, Michigan - 1057 East Front Street, Traverse City, Michigan - 1747 S. Benzie Highway, Benzonia, Michigan - 10561 South U.S. 31, Elk Rapids, Michigan Section II - Applications Subject to Both Newspaper and Federal Register Notice Type Application Y-l State Savings Bancorp, Inc. Caro, Michigan State Savings Bank of Caro Caro, Michigan* Comment Period Ending Date FR - ** N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Type Application CoC First Financial Corporation Terre Haute, Indiana First Financial Corporation Employee Stock Ownership Plan Terre Haute, Indiana Comment Period Ending Date FR - ** N - ** Trust Section III - Applications Subject to Federal Register Notice Only Type Application 4(c)(8) Illinois Holding Co Sherrard, Illinois To engage in mortgage and commercial financial activities Comment Period Ending Date FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Maple Park Bancshares, Inc. Maple Park, Illinois To redeem 191,605 shares of stock from Bruce Madden N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date *Section 3(a)(3) application by Mercantile Bancshares, Inc., Jonesboro, Arkansas, to acquire North Arkansas Bancshares, Inc., Jonesboro, Arkansas (Newspaper 6-30-89) *Section 3(a)(3) application by Mercantile Bancshares, Inc., Jonesboro; Arkansas, to acquire Mammoth Investment and Credit Corporation, Inc., Mammoth Springs, Arkansas (Newspaper 6-30-89) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE* OR NEWSPAPER NOTICE Stock redemption notification by Carbondale Investment Corporation, Carbondale, Illinois *This application is subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______Newspaper Notice Only_______ Comment Period Ending Date Application North Shore Bank of Commerce Duluth, MN To establish a branch at 1600 Miller Trunk Highway, Duluth, MN, Not yet available Farmers and Merchants Bank Huron, SD To establish a branch in Yank ton , SD Not yet available Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Edward Bros. Holding Company, Inc. Denton, MT To acquire Farmers State Bank, Denton, MT* 6-8-89 (Federal Register) Pioneer Acquisition Corp. Ladysmith, WI To acquire Pioneer National Bank Ladysmith, WI* 6-8-89 (Federal Register) Madison Agency, Inc. Sioux Falls, SD To acquire State Bank of Hendricks Hendricks, MN* 6-8-89 (Federal Register) Gail K. Mathisen To acquire 100% of St. James Bancorp. Inc., Chanhassen, MN ^Subject to CRA Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date None. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Federal Reserve Bank of Kansas City SECTION I ~ APPLICATIONS SOBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING D A T E C i t i z e n s Bank, Lawton, Oklahoma, for p r i o r a p p r o v a l for m e m b e r s h i p in th e F e d e r a l R e s e r v e System. Not A v a i l a b l e SECTION II ~ APPLICATIONS SPBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DAT E Ace Gas, Inc., Deshl e r , Nebraska, for pr i o r a p p r o v a l to b e come a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 98.4 p e rcent of the v o t i n g s h a r e s of G i b b o n Exchange Company, G i b b o n , Nebraska, parent of E x c h a n g e B a n k of Gibbon, Gibbon, Nebraska.* No t A v a i l a b l e Peter J. F i e n e , Gladstone, M i s s o u r i , a n d P a t r i c k R. Fiene, O v e r l a n d Park, Kansas, for prior a p p r o v a l as a g r o u p to increase their p r o p o r t i o n a t e own e r s h i p i n t e r e s t in G a r d n e r Bancorp, Inc., G a r d n e r , K a n s a s , b y 24.67 percent to 51.85 p e r c e n t . Not A v a i l a b l e F o u r t h F i n a n c i a l Corporation, W i c h i t a , K a n s a s , for prior approval to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of The First National Bank and T r u s t C o m p a n y of El Dorado, El D o r a d o , K ansas.* Not A v a i l a b l e Lisco S t a t e C o m p a n y , Lisco, Nebra s k a , for p r i o r approval to a c q u i r e 28.33 p e r c e n t of the voting shares of 0 & F C a t t l e Company, Oshkosh, N e b r a s k a , p arent of N e b r a s k a S t a t e Bank, Oshkosh, Nebraska.* Not A v a i l a b l e Federal Reserve Bank o f Kansas City Denn i s Schardt, Deshler, Nebraska, for p r i o r a p p r o v a l to a c q u i r e 39.47 p e r c e n t o w n e r s h i p i n t e r e s t in G i b b o n E x c h a n g e Compa n y , Gibbon, N e b r a s k a ; R o n a l d Schar d t , D e s h l e r , N e b r a s k a , for prior a p p r o v a l to a c q u i r e .67 perce n t ; S u p e r i o r Deshler Company, Deshler, Nebraska, for p r i o r a p p r o v a l to a c q u i r e 4.94 p e r c e n t ; V I E Company, D e s h l e r , N e b r a s k a , for prior a p p r o v a l to a c q u i r e 4.94 percent; an d S&S I n d u s t r i e s , Inc., Des h l e r , N e b r a s k a , for prior a p p r o v a l to a c q u i r e .65 percent. No t A v a i l a b l e R i c h a r d C. C i v e r o l o , A l b u q u e r q u e , N e w M e x i c o , for prior a p p r o v a l to i n c r e a s e hi s p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in W e s t e r n B a n c s h a r e s of A l b u q u e r q u e , Inc., A l b u q u e r q u e , N e w Mexico, by 2.63 p e r c e n t to 4.65 percent; D & D Enterprises, Albuquerque, New M e x i c o , for prior a p p r o v a l to a c q u i r e 1.58 percent; G a s i l i o a n d O l i v a D i G r e g o r i o , Gallup, New M e x i c o , for prior a p p r o v a l to i n c r e a s e their p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t b y 2.42 p e r c e n t to 4 . 4 4 perce n t ; G e o r g e A. DuB o i s , A l b u q u e r q u e , N e w Mexico, for p r i o r a p p r o v a l to a c q u i r e .34 p e rcent; D u B o i s , Caffe r y , Cooks e y , B i s h o f f a n d D i c k i n s o n , P.A., P r o f i t S h a r i n g P l a n , A l b u q u e r q u e , N e w M e x ico, for p r i o r a p p r o v a l to i n c r e a s e its p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t by 3 . 6 7 p e r c e n t to 7.72 per c e n t ; W i l l i a m T. Fietz, A l b u q u e r q u e , N e w M e x i c o , for prior a p p r o v a l to i n c r e 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 i n t e r e s t by 6.43 p e r c e n t to 9 . 4 6 perce n t ; G A D E n t e r p r i s e s , In c . , A l b u q u e r q u e , Ne w M e x i c o , for p r i o r a p p r o v a l to a c q u i r e .52 p e r c e n t ; D o n a l d R. Holmes, A l b u q u e r q u e , N e w Mexico, for p r i o r a p p r o v a l to i n c r e a s e his proport i o n a t e ownership interest by 2 . 4 2 p e r c e n t to 4.44 p e r c e n t ; Not A v a i l a b l e Federal Reserve Bank o f Kansas City S teven P. J a c k s o n / Albuquerque, New Mexico, for p r i o r appro v a l to i n c r e 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 i n t e r e s t by .53 percent to 1.54 p e r c e n t ; D e n n i s Jontz, A l b u q u e r q u e , Ne w Mexico, for prior appro v a l to a c q u i r e .11 percent; W e s t e r n B a n k E m p l o y e e Stock O w n e r s h i p Plan, A l b u q u e r q u e , New Mexico, for p r i o r approval to incre a s e its p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t by 1.90 percent to 11.48 p e r c e n t ; C h a r l e s W. Willi a m s , A l b u q u e r q u e , New Mexico, for prior 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 by 2.42 p e r c e n t to 5.45 percent; W i l l i a m P. G r a l o w , Albuquerque, New Mexico, for p r i o r approval to a c q u i r e .11 p e r c e n t ; Dave W i n t e r m u t e , T r u s t e e , Albuquerque, New M e x i c o , for pr i o r approval 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 i n t e r e s t by 3.15 percent to 4.16 p e r c e n t ; W a y n e Wolf, A l b u q u e r q u e , Ne w Mexico, for prior approval to a c q u i r e 1.47 percent; Wayne W o l f , T r u s t e e , Albuquerque, New M e x i c o , for pr i o r approval to a c q uire 2.42 p e r c e n t ; and ZHMC, Inc., A l b u q u e r q u e , N e w Mexico, for prior a p p r o v a l to a c q u i r e 5.06 percent. ARSEB E C O , Inc., F a l l s City, N ebraska, for p r i o r approval to a c q u i r e 90 p e r c e n t of the voting shares of S t a t e Bank of Stella, Stella, N e b r a s k a . * June 5 , 1989 BOC B a n s h a r e s , Inc., Chouteau, Oklahoma, for p r i o r approval to become a bank h o l d i n g company through the a c q u i s i t i o n of 95.87 p e r c e n t of th e v o t i n g shares of Bank of C o m m e r c e , Chouteau, Oklahoma.* June 5 , 1989 Federal Reserve Bank o f Kansas City F.N.B.A. H o l d i n g Co., Inc., N o r t h M i a m i , F l o r i d a , for pr i o r a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h 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 h a r e s of First N a t i o n a l Bank of A r v a d a , A r v ada, C o l o r a d o . * June 5, 1 989 Mountain West Banking Corporation, Denver, Color a d o , for p r i o r a p p r o v a l to b e c o m e a m u l t i b a n k h o l d i n g c o m p a n y t h r o u g h 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 I n t e r n a t i o n a l B a n c o r p , Denver, C o l o r a d o , p a r e n t of I n t e r n a t i o n a l Bank, Denver, C olorado; I n t e r n a t i o n a l B a n k Engl e w o o d , Engl e w o o d , Co l o r a d o ; International Bank-North, Federal Heigh t s , C olorado; and I n t e r n a t i o n a l B a n k - W h e a t Ridge, W h e a t Ridge, C o l o r a d o . * June 8, 1989 D a v i d Frieze, Inola, Okla h o m a , and W. S. A t h e r t o n , Tulsa, O k l a h o m a , for prior appro v a l to i n c r e a s e each of their p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t s in N o r t h e a s t e r n O k l a h o m a B a n c s h a r e s , Inc., Inola, O k l a h o m a , by 5 p e r c e n t to 25 p e rcent. June 6, 1989 D e a n R a n son, Fairv i e w , O k l ahoma, for a p p r o v a l to r e t a i n his proportionate ownership interest F a i r v i e w B a n c s h a r e s , Inc., Fairv i e w , Oklah o m a , of 20.50 per c e n t . June 6, 1989 June 6, 1989 in Ja c k W. W i l l i a m s , A r d m o r e , O k l a h o m a , for a p p r o v a l to r e t a i n his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in C i t i z e n s C o m m e r c e C o r p o r a t i o n , Ardmo r e , O k l a h o m a , of 10.49 percent. Federal Reserve Bank o f Kansas City SECTION III - APPLICATIONS SOBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE Lisco S t a t e C o m p a n y , Lisco, Nebra s k a , for p r i o r approval to e n g a g e in m a k i n g , acquiring, and/or s e r v i c i n g l o a n s for itself or for o t h e r s of the ty p e m a d e by a c o n s u m e r f i n a n c e c o m p a n y and for prior a p p r o v a l to e n g a g e in i n s u r a n c e a g e n c y a c t i v i t i e s in a town of less th a n 5,000 persons. Not A v a i l a b l e SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION G i b b o n E x c h a n g e Company, Gibbon, Nebr a s k a , for pr i o r approval to redeem 1 0 , 0 0 0 s h a r e s of its own v o t i n g c o m m o n stock. NBM C o r p o r a t i o n , McAlester, O k l a h o m a , for p r i o r approval to r e d e e m 7, 0 0 0 s h a r e s of its own v o t i n g c o m m o n stock. T e l l u r i d e B a n c o r p , Ltd., Telluride, Color a d o , for a p p r o v a l to retain 233 s h a r e s of its o w n v oting common stock. G a r d n e r B a n c o r p , Inc., Gardner, Kansas, for p r i o r approval to r e d e e m 659 s h a r e s of its own voting c o m m o n stock. ♦Application is s u b ject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MAY 22, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Vernon Carroll Minor, Marlin, TX to acquire an interest in Lorena State Bank, Lorena, TX N/A Change in Control Notice by Frank D. Yturria, Brownsville, TX to acquire an interest in TB&T Bancshares, Inc., Brownsville, TX N/A Change in Control Notice by First National Bank of Artesia Employee Stock Option Plan, Artesia, NM to acquire an interest in First Artesia Bancshares, Inc., Artesia, NM N/A Change in Control Notice by Lowell M. Irby; William M. Siegenthaler; Loy G. Fletcher; John T. Jackson, Jr.; James E. Guy, Artesia, NM; M. Greg Anesi, Farmington, NM; and Western Bank, Artesia, NM to acquire an interest in Western Bancshares of New Mexico, Inc., Artesia, NM (Resubmission) N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Section 4(c)(8) de novo notification by Capital Reserves Group, Inc., College Station, TX to acquire Reed, Seymour & Associates, Inc., College Station, TX (providing management services to depository institutions) NOTICE EXP N/A SECTION IV - APPLICATIONS HOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by Western Bancshares of New Mexico, Inc., Artesia, NM to redeem 12,468.743 shares of its common stock (Resubmission) * 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 FRANCISCO Week ending 5/26/89 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 VailiCorp Holdings, Inc., Fresno, California, to become a bank holding company through the acquisition of Fresno Bancorp and Western Commercial, Inc., both of Fresno, California. Salinas Valley Bancorp, Salinas, California, to become a bank holding company through the acquisition of Bank of Salinas, Salinas, California. Ernest L. Go, Hillsborough, California, to: 1) retroactively increase ownership from 14.5 to 17.99 percent, and 2) increase ownership up to 24.9 percent of Orient Bancorporation, San Francisco, California. Fed. Rea.: 6/14/89 Newspaper: 6/12/89 Fed. Req.: 6/14/89 Newspaper: Not available Fed. Req.: 6/14/89 Newspaper: Not available Section III - Applications Subject to Federal Register Notice Only VailiCorp Holdings, Inc., Fresno, California, to acquire Western Commercial Leasing Company, Fresno, California, and thereby engage in leasing of personal property. Fed. Reg.: 6/14/89 Puget Sound Bancorp, Tacoma, Washington, to engage de novo in community development activities. Fed. Reg.: Not available Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA.