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announcement BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1988, No. 22 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending May 28, 1988. ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS U. S. and Canadian government Free Trade Agreement — statement by Mr. Bradfield before the House Committee on Banking, Finance and Urban Affairs, May 24, 1988. Published, May 24, 1988. BANK HOLDING COMPANIES Ballston Bancorp, Inc., Arlington, Virginia — acquire Bank of Northern Virginia. Approved, May 23, 1988. to Bank of Montreal, Toronto, Canada — to engage in securities and advisory activities through Nesbitt Thomson Securities, Inc., New York, New York. Approved, May 23, 1988. Northern Trust Corporation, Chicago, Illinois — to engage de novo in lnvestnent advice on futures contracts on broad-based stock and bond indexes traded on major commodity exchanges through Northern Investment Management Conpany. Approved, May 23, 1988. EXTENSIONS OF TIME The Bank of New York Conpany, New York, New York — extension to acquire Irving Bank Corporation. Granted, May 24, 1988. MEMBERSHIP Bank of Northern Virginia, Arlington, Virginia — become a member of the Federal Reserve System. Approved, May 23, 1988. to H.2 MAY 23, 1988 PAGE 2 TO MAY 27, 1988 ACTZONS 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; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Richmond The Annapolis Banking and Trust Company, Annapolis, Maryland — to establish a branch at the intersection of Disney Avenue and Mountain Road, Pasadena, Mary1and. Approved, May 24, 1988. Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch at 1615 General Booth Boulevard, Virginia Beach, Virginia. Approved, May 25, 1988. Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch at 3809 Princess Anne Road, Virginia Beach, Virginia. Approved, May 26, 1988. Cleveland Chase Bank of Ohio, Columbus, Ohio — to relocate a branch to 118-B West Wilson Bridge, Worthington, Ohio. Approved, May 23, 1988. Chicago UnibancTrust Company, Chicago, Illinois — to establish electronic offsite facilities at Allstate Plaza South, Northbrook, Illinois, and Allstate Plaza North. Approved, May 23, 1988. BANK HOLDING COMPANIES Chicago Banks of Iowa, Inc., Des Moines, Iowa — United Bank 8t Trust, Ames, Iowa. Approved, May 25, 1988. to acquire Dallas Community Bankers, Inc., Granbury, Texas — acquire Community Bank, Rockwall, Texas. Approved, May 26, 1988. Chicago Eastern Wisconsin Bancshares, Inc., Howards Grove, Wisconsin — to acquire State Bank of Howards Grove. Approved, May 27, 1988. to H.2 HAY 23, 1988 PAGE 3 TO HAY 27, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Eoston Excel Bancorp* Inc.* Quincy* Massachusetts — acquire Lincoln Trust Company* Hingham* Massachusetts. Approved* May 23* 19S8. to Cleveland Farmers National Bancorp of Cynthiana* Cynthiana* Kentucky — to acquire Deposit Bank of Carlisle* Carlisle * Kentucky• Approved* May 23* 1988. Philadelphia First Eastern Corporation* Wilkes - Barre* Pennsylvania — to acquire Peoples First National Bank and Trust Company of Hazleton* Hazleton* Pennsylvania. Approved* May 26* 1988. St• Louis First Financial Corporation of America* Salem* Missouri — to acquire the successor by merger to The First National Bank of Salem. Approved* May 25* 1988. Kansas City First Wyoming Bancorporation* Cheyenne* Wyoming — to engage in data processing through Item Processing Center * Inc.* Denver * Colorado. Approved* May 27* 1988. Richmond F ft M National Corporation* Winchester* Virginia — to acquire Merchants and Farmers Bank* Martinsburg* West Virginia. Approved* May 23* 1988. Atlanta FNB Financial Corporation* Knoxville* Tennessee — acquire First National Bank of Knoxville. Approved* May 27* 1988. Boston Home Port Bancorp* Inc.* Nantucket* Massachusetts — to acquire Nantucket Savings Bank. Approved* May 27* 1988. Minneapolis Investors Bancorporation* Inc.* Hudson* Wisconsin — to acquire Roberts Bancorporation* Roberts* Wisconsin* and State Bank of Roberts. Approved* May 27* 1988. to H.2 HAY 23, 1988 PAGE 4 TO MAY 27, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES St. Louis Liberty National Bancorp# Inc.* Louisville# Kentucky — to engage de novo in credit related insurance through Liberty Financial Services# Inc. Permitted# May 27# 1988. Atlanta Moundville Bancshares# Inc.# Moundville# Alabama — to acquire Bank of Moundville# Moundville# Alabama Withdrawn# May 27# 1988. Boston NESB Corp.# New London# Connecticut — to acquire OmniBank of Connecticut# Inc.# Madison# Connecticut. Approved# May 27# 1988. Boston NewMil Bancorp# Inc.# New Milford# Connecticut — retain 6.97 percent of Cenvest# Inc.# Meriden# Connecticut# and 7.68 percent of West Mass Bankshares# Greenfield# Massachusetts. Approved# May 24# 1988. Atlanta Security National Corporation# Maitland# Florida — to acquire Security National Bank of Osceola# Kissimmee # FIorida. Approved# May 23# 1988. Richmond % Southern Bankshares# Inc.# Beckley# West Virginia — to acquire M & M Financial Corporation# Oak Hill# West Virginia. Approved# May 25# 1988. Atlanta SouthTrust Corporation# Birmingham# Alabama — to acquire Latta Bank & Trust Co.# Latta# South Carolina. Approved# May 27# 1988. Kansas City Sterling National Bank Employee Stock Ownership Plan Sugar Creek# Missouri — to acquire Sterling Bancorp and Sterling National Bank. Withdrawn# May 25# 1988. Minneapolis Taylor Bancshares# Inc.# North Mankato# Minnesota — to acquire Fidelity State Bank of Hector# Hector# Minnesota. Approved# May 26# 1988. to H.2 MAY 23, 1988 PAGE 5 TO MAY 27, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Trustmark National Bank Profit Sharing Plan, Jackson, Mississippi, and Trustmark National Bank Trust Department — to acquire First Capitol Corporation. Approved, May 25, 1988. Chicago Upbancorp, Inc., Chicago, Illinois — to acquire First West Bank of Tempo, Tempo, Arizona. Approved, May 27, 1988. BANK MERGERS Dallas Citizens Bank and Trust Company, Baytown, Texas — merge with Lone Star Bank. Approved, May 26, 1988. Chicago First State Bank of Eldorado, Eldorado, Illinois — to merge with the Eldorado branch of Citicorp Savings of Illinois, Chicago, Illinois. Returned, May 24, 1988. Richmond F & M Bank - Martinsburg, Inc., Martinsburg, West Virginia — to merge with Merchants and Farmers Bank. Approved, May 23, 1988. Dallas Interstate Bank North, Houston, Texas — to merge with First National Bank of Kingwood, Kingwood, Texas. Approved, May 26, 1988. to BANK PREMISES Staff Director BS&R Bank of Boulder, Boulder, Colorado — bank premises. Approved, May 24, 1988. investment in Cleveland Chase Bank of Ohio, Columbus, Ohio — bank premises. Approved, May 23, 1988. investment in H.2 MAY 23, 1988 PAGE 6 TO MAY 27, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK S t . Louis RMC Bankcorp, Inc., Benton, Kentucky — shares. Approved, May 25, 1988. redemption of CHANGE IN BANK CONTROL Atlanta BOC Bancorp, Inc., Woodbury, Tennessee — bank control. Permitted, May 26, 1988. Minneapolis Graceville Bancorporation, Inc., Graceville, Minnesota — change in bank control. Permitted, May 27, 1988. Kansas City Guaranty, Inc., Beloit, Kansas — control. Permitted, May 26, 1988. San Francisco Laaorinda Financial Corporation, Lafayette, California — change in bank control. Permitted, May 27, 1988. St. Louis RMC Bankcorp, Inc., Benton, Kentucky — bank control. Permitted, May 25, 1988. change in change in bank change in COMPETITIVE FACTORS REPORTS Cleveland Bank of Jessamine, Nicholasville, Kentucky, proposed merger with Nicholasville Interim Bank, Inc. — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, May 23, 1988. Minneapolis Carver County State Bank, Chaska, Minnesota, proposed merger with Citizens State Bank of Green Isle, Green Isle, Minnesota — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, May 25, 1988. H.2 MAY 23, 1988 PAGE 7 TO MAY 27, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland The Central Trust Company* Newark, Ohio, proposed acquisition of certain assets and assumption of the deposits of three Newark branches of Transohio Savings Bank, Cleveland, Ohio — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, May 23, 1988. Chicago Chemical Bank Huron, Standish, Michigan, proposed acquisition of certain assets and assumption of liability to pay deposits in the Pinconning, MI branch of Chemical Bank and Trust Company, Midland, Michigan. Submitted, May 26, 1988. San Francisco Corporate Bank, Santa Ana, California, proposed merger with C.B. Merger Company, Inc. — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, May 27, 1988. Cleveland The First National Bank, Miamisburg, Ohio, proposed merger with Miami Bank, National Association, Fairborn, Ohio — report to the Comptroller of the Currency on competitive factors. Submitted, May 23, 1988. Chicago The First National Bank of Chicago, Chicago, Illinois, proposed acquisition of certain assets and assumption of liabilities of Continental Illinois National Bank and Trust Company of Chicago — report to the Comptroller of the Currency on competitive factors. Submitted, May 25, 1988. St. Louis First State Bank of Eldorado, Eldorado, Illinois, proposed acquisition of certain assets and assumption of deposits of the Eldorado branch of Citicorp Savings of Illinois, Chicago, Illinois — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, May 27, 1988. H.2 HAY 23, 1988 PAGE 8 TO HAY 27, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIHE Chicago Capac Bancorp* Inc.* Capac* Michigan — extension to September 10* 1988* to acquire Capac State Savings Bank. Granted* May 25* 1988. New York Chemical Banking Corporation* New York* New York — extension to June 20* 1988* to acquire Texas Commerce Bank - Richardson* N.A.* Richardson* Texas* and by CT Holdings* Inc.* New York* New York* to acquire the bank. Granted* May 25* 1988. St. Louis County Bancorporation* Inc.* Jackson* Missouri — extension to September 10* 1988* to engage de novo in real estate appraisals. Granted* May 24* 1988. San Francisco First Security Corporation, Salt Lake City, Utah — extension to divest certain property. Granted* May 25* 1988. Chicago Lane Financial* Inc.* Northbrook* Illinois — extension to June 6* 1988* to engage de novo in credit related insurance through Lane Life Insurance Company. Granted* May 24* 1988. Chicago NCB Corp.* Culver* Indiana — extension to July 21* 1988* to acquire NorCen Bank. Granted* May 24* 1988. St. Louis- Southern Bancshares* Ltd.* Carbondale* Illinois — extension to July 1* 1988* to acquire the successor by merger to First National Bank and Trust Company. Granted* May 26* 1988. Chicago State Bank of St. Charles* Saint Charles* Illinois — extension to November 22* 1988* to open a branch in the 1400 block of East State Street* Highway 38* Geneva * 111ino is• Granted* May 27* 1988. San Francisco Wells Fargo & Company, San Francisco, California extension to divest certain property. Granted* May 25* 1988. H.2 HAY 23, 1988 PAGE 9 TO HAY 27, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY MEMBERSHIP Atlanta Commerce Bank of Central Florida, Winter Haven, Florida — to become a member of the Federal Reserve System. Withdrawn, May 25, 1988. Richmond F & M Bank - Martinsburg, Inc., Martinsburg, West Virginia — to become a member of the Federal Reserve System. Approved, May 23, 1988. Philadelphia Republic Bank, Philadelphia, Pennsylvania — to become a member of the Federal Reserve System. Approved, May 26, 1988. Philadelphia Security First Bank, Media, Pennsylvania — a member of the Federal Reserve System. Approved, May 27, 1988. to become H.2 ADDITIONS AND CORRECTIONS HAY 23, 1988 PAGE 10 TO HAY 27, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta St. James Bancorporation, Inc., Lutcher, Louisiana — to engage in warehouse loans through SJB Mortgage Corporation, Lutcher, Louisiana. Permitted, May 18, 1988. Minneapolis Taylor Bancshares, Inc., North Mankato, Minnesota — to acquire Fidelity State Bank of Fairfax, Fairfax, Minnesota. Approved, May 20, 1988. COMPETITIVE FACTORS REPORTS Richmond Wachovia Bank and Trust Company, N.A., Winston * Salem, North Carolina, proposed purchase of the assets and assumption of the liabilities to pay deposits of the North Wilkesboro Federal Savings and Loan Association, North Wilkesboro, North Carolina — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, May 17, 1988. EXTENSIONS OF TIME Richmond Powell Valley Bankshares, Inc., Jonesville, Virginia — extension to August 29, 1988, to acquire Powell Valley National Bank. Granted, May 17, 1988. \ Chicago Unibancorp, Inc., Chicago, Illinois — extension to August 8, 1988, to acquire The Farmers State Bank of Lostand, Lostand, Illinois. Granted, May 20, 1988. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Conroent Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Conroent Period Ending Date Warren Bancorp, Inc., Peabody, Newspaper Massachusetts - 3(a)(1) application to become a bank Federal Register holding company through the acquisition of Warren Five Cents Savings Bank, Peabody, Massachusetts* Norwich Financial Corporation Norwich, Connecticut - 3(a)(1) application to become a bank holding company through the acquisition of Norwich Savings Society, Norwich, Connecticut* 06-04-88 06-13-88 Newspaper 06-12-88 Federal Register 06-13-88 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Conroent Period Ending Date Fleet/NOrstar Financial Group, Inc., Providence, Rhode Island 4 (c)(8) application to engage in underwriting and dealing in certain securities through Adams, McEntee & Co., Inc. Federal Register Not Yet Established 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__________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Noribanking Applications (Subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______ Public Comment______ Irving International Financing Corporation, New York, New York to make an additional investment in Ttans City Holdings Limited, Sydney, Australia. Irving Trust Company, New York, New York to establish a branch in Seoul, Korea. 1/ Subject to provisions of Community Reinvestment Act. 2/ Later of dates specified in newspaper and Federal Register notices. 3/ Date specified in newspaper notice; a later date may 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 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date BMJ Financial C o m . Bordentown, NJ to acquire Southern Ocean State Bank, Little Egg Harbor Township, NJ, pursuant to Section 3(a)(3) of the Bank Holding Company Act. Newspaper: 6/18/88 SECTION III - APPLICATIONS SUBJECT TO 1 AL REGISTER BQIICB ONIT Sprcment Period Ending Pate Brvn Mawr Bank Corporation. Bryn Mawr, PA seeks approval to engage, through Havens & Company, Inc., Radnor, PA, in real estate appraisal activities, pursuant to Section 4(c)(8) of the Bank Holding Company Act and Section 225.25(b)(13) of Regulation Y. 6/10/88 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Ten Independence Mall, Philadelphia, PA 19106, (215) 574-6000 Cleveland Reserve Bank Applications For Week Ending May 14, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Received Section 3(a) (5) application from First Financial Bancorp, Monroe, Ohio, to acquire NB Banc Corp and its wholly-cwned subsidiary, Van Wert National Bank, both of Van Wert, Ohio. COMMENT PERIOD ENDING *F - June 9, 1988 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * - Subject to CRA N - Newspaper carment period F - Federal Register carment period 6636B/3 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received request fron Chase Bank of Ohio, Columbus, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act.* * - Subject to CPA N - Newspaper comment period F - Federal Register comment period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date The Traders Bank, Spencer, West Virginia, request for permission to establish a branch at 606 South Church Street, Ripley, West Virginia. 6-17-88 Fairfax Bank & Trust Company, Fairfax, Virginia, request for permission to establish a branch at 14260-J Centreville Square, Centreville, Virginia. 6-23-88 Central Fidelity Bank, Richmond, Virginia, request for permission to establish a branch at 230 E. Little Creek Road, Norfolk, Virginia. 6-27-88 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Atlas Towing C o m p a n y I n c . , Parkersburg, West Virginia, for prior approval to acquire 5*9% of the voting shares of Wesbanco, Inc., Wheeling, West Virginia. Eastern Bancshares, Inc., Romney, West Virginia, for prior approval to become a bank holding company through the acquisition of 100% of the voting shares of The First National Bank of Romney, Romney, West Virginia. 6-10-88 The above applications are subject to the Community Reinvestment Act. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None ^Expiration of comment period specified in the Federal Register. May 30, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section 1 - Applications Subject to Newspaper Notice Only Application Content Period Ending Date First American Bank of Orange County (CRA) Maitland, Florida To establish a branch at 2809 Corrine Drive, Orlando, Florida, to be known as the Corrine Drive Office. United Bank of Pinellas 06-13-88 (CRA) St. Petersburg, Florida To establish a branch at 5601 Park Street North, St. Petersburg, Florida, to be kncwn as the Five Tcwns Office. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date First Commercial Banc shares, Inc. Jasper, Alabama To merge with Cahaba Bancorp, Trussville, Alabama, and indirectly acquire its banking subsidiary. First State Corp. 06-20-88 west Blocton, Alabama Newspaper Change In Control by Joseph W. Stephens and Kermit Stephens to acquire an additional 20.07 percent of the outstanding shares, increasing total ownership to 47.20 percent. Pasco Financial Corporation 06-16-88 Dade City, Florida Federal Register & Newspaper 1-BHC formation, First National Bank of Pasco, Dade City, Florida. Suburban Bankshares, Inc. 06-30-88 Lake Worth, Florida Newspaper Change In Control by John E. Mercurior to acquire an additional 3.73 percent of the outstanding shares, increasing total ownership to 33.43 percent. May 30, 1988 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Bank South Corporation Atlanta, Georgia TO merge with C & P Bank Corporation of Pensacola, Pensacola, Florida. Bank South Pensacola, Inc. Atlanta, Georgia 1-EHC formation, The Citizens & Peoples National Bank of Pensacola, Pensacola, Florida. FNB Newton Bankshares, Inc. Covington, Georgia To acquire Heritage Trust, Conyers, Georgia. Gwinnett Investors 06-10-88 Atlanta, Georgia Federal Register 1-BHC formation by acquiring 50 percent of Investors Trust Financial Corporation, Duluth, Georgia. Application involves a joint venture. Federal Reserve Bank of Atlanta Applications Bulletin Section IV - Applications Not Subject To Federal Register Notice Or Newspaper Notice Application. Banco Latino International Miami, Florida To increase its.capital stock. Federal Reserve Banlc of Chicago Section I - Applications Subject to Newspaper Notice Only Type Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application CoC & RoS GN Bancorp, Inc. 6-16-88* Chicago, Illinois Howard C. Muck - Gladstone-Norwood Trust & Savings, Chicago, Illinois, redeem 34,541 shares (44.24%) common stock CoC-BK First Mil Bank 5-31-88* Milwaukee, Wisconsin John L. Cutler, Joseph A. Domanik, Mark F. Dudley, Louis A. Gral, Robert L. Habush, Gerald J. Kahn, Bernard J. Mitchell, Melvin S. Schlesinger, and Zackary Takerian Y-2 Lafayette Bancorporation Lafayette, Indiana Banc of Reynolds Reynolds, Indiana Bank of Reynolds Reynolds, Indiana Y-2 Shelby County Bancorp, Inc. Shelbyville, Illinois Strasburg State Bank Strasburg, Illinois N/A Y-2 First Midwest Bancorp, Inc. Naperville, Illinois Continental Illinois Bank of Deerfield, N.A. Deerfield, Illinois Continental Bank of Buffalo Grove, N.A. Buffalo Grove, Illinois N/A CoC-HC/RoS Southern Wisconsin Bancshares Corporation N/A Mineral Point, Iowa By Hazel Keefe, Tequesta, Florida, to redeem 406 shares common stock 5-30-88** 5-26-88* Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application Ac8 Sturm Investment, Inc. N/A Omaha, Nebraska To engage directly in issuance and holding of secured promissory notes Y-4 Delhi Bancshares, Inc. Traer, Iowa Manchester Insurance Service Manchester, Iowa Y-4 First Wisconsin Corporation N/A Milwaukee, Wisconsin To engage in providing title insurance agency services thru Milwaukee Title Insurance Service, Inc. N/A Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Hotice Type Application None ^Newspaper **Federal Register N/A - Not available at this time Comment Period Ending Date 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 None. 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 None. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______Newspaper Notice Only_______ Comment Period Ending Date Application The Brookings Bank Brookings, SD To establish a de novo branch in Sioux Falls, SD Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Marvin N. Christensen To acquire control of 100Z of Vaubun Bancshares, Inc., Vaubun, MN 6-9-88 (Federal Register) Mid-Visconsin Financial Services, Inc. Medford, VI To acquire Security State Bank Colby, VI 6-16-88 (Federal Register) Calvin V. Clark To acquire control of 17.8Z of the voting shares of Pine City Bancorporation, Inc., Pine City, MN Minnesota-Visconsin Bancshares, Inc. Newport, MN and its subsidiary Town & Country Banshares, Inc., Newport, MN To acquire Roseville Bancorp., Inc., Roseville, MN which owns Mid America Bank, N.A. Roseville, MN Fidelity Bancorp, Inc. Medford, VI To acquire Medford National Bank Medford, VI FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application None. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application BCB Bancorp., Inc. Chippewa Falls, VI To redeem 12.3Z of its outstanding voting shares. SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION C O M M E N T P E R I O D ENDING DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION C O M M E N T P E R I O D E N D I N G DATE S t e a m b o a t S p r i n g s H o l d i n g Company, S t e a m b o a t S p r i n g s , 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 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 1 0 0 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 B a n k of S t e a m b o a t Springs, S t e a m b o a t Springs, C o l o r a d o . * Not Available C o l o r a d o W e s t e r n B a n c o r p , Inc., M o n t r o s e , Colorado, for p r i o r a p p r o v a l to b e c o m e a 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 h a r e s of F i r s t N a t i o n a l B a n k of Montrose, M o n t r o s e , C o l o r a d o .* No t A v a i l a b l e M i n e r s B a n c s h a r e s , Inc., Frontenac, Kansas, 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 The M i n e r s S t a t e B a n k of Fronte n a c , Frontenac, Kansas.* No t A v a i l a b l e W a d e V. Robinett, K a n s a s City, M i s s o u r i , for p r i o r 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 of S u p e r i o r B a n c s h a r e s , Inc., K a n s a s City, Misso u r i , by 17.47 p e r c e n t to 25.6 percent. No t A v a i l a b l e C h a r l e s L. Epstein, M a lvern, P e n n s y l v a n i a , for a p p r o v a l to r e t a i n 33.3 p e r c e n t of the v o t i n g s h a r e s of C o m m e r c i a l B a n k I n v e s t m e n t Company, Denver, Co l o r a d o . No t A v a i l a b l e Joy O s t e r b e r g , Craig, Nebraska, for prior a p p r o v a l to a c q u i r e 4.18 p e r c e n t of t he v o t i n g shares of O a k l a n d F i n a n c i a l , Inc., Omaha, N e b r a s k a ; W i l l i a m H. Osterberg, Craig, N e b r a s k a , for prior approval 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 by 8.65 p e r c e n t to 9.51 percent; O s t e r b e r g La n d Company, Craig, N e b r a s k a , for prior approval to a c q u i r e 4.52 p e r c e n t ; W a l t e r W. Clark, O maha, Nebr a s k a , for prior a p p r o v a l t o 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 by 21.21 p e r c e n t to 3 4 . 2 7 perce n t ; Kirby L. a nd/or G a y L. Larson, Oakland, N e b r a s k a , fo r p r i o r approval to incre a s e t h e i r p r o p o r t i o n a t e o w n e r s h i p b y 2. 8 8 p e r c e n t to 3.74 perce n t ; M e r l i n W. Nelson, Oakland, N e b r a s k a , for p r i o r appro v a l to incre 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 b y 4 . 4 9 p e r c e n t to 9.60 perce n t ; F r a n k l i n W. Johnson, Craig, N e b r a s k a , for prior app r o v a l to a c q u i r e 4 . 2 9 perce n t ; Chester L. A n d r e a s e n , O a k l a n d , Nebraska, for prior a p p r o v a l to a c q u i r e 1.13 p e r c e n t ; S t a n A n d r e a s e n , Oakland, N e b r a s k a , for p r i o r approval to a c q u i r e 1 . 1 3 p e r c e n t ; Lee Peterson, Craig, N e b r a s k a , for prior approval to a c q u i r e 3 . 6 7 p e r c e n t ; L a y n e Baker, O a k l a n d , N ebraska, for prior a p p r o v a l to a c q u i r e 4.18 percent; R. G. L i n d s t r o m Farms, Inc., Oakland, 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 2.09 percent; W i l l m e r a n d / o r M i l d r e d Moseman, Oakland, N e b r a s k a , for- prior a p p r o v a l t o 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 by 4.93 p e r c e n t t o 1 1 . 3 6 perce n t ; Julie A n n Johns o n , O a k l a n d , Nebraska, for prior a p p r o v a l to a c q u i r e 1.13 perce n t ; M a r i l e e Sue Nelson, Oakland, 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 1.13 percent; M u t u a l I nsur a n c e C o m p a n y of O a k l a n d , Oakland, Nebr a s k a , for p r i o r a p p r o v a l to a c q u i r e 1 .24 p e r c e n t ; M a r c i a V. Clark, C u s t o d i a n for D. J. Clark, Omaha, Ne b r a s k a , for p r i o r a p p r o v a l to i n c r e a s e her p r o p o r t i o n a t e o w n e r s h i p .35 p e r c e n t to 1 . 4 2 p erce n t ; an d M a r c i a V. Clark, C u s t o d i a n for L o r i Jo Clark, Omaha, N e braska, for p r i o r a p proval to i n c r e a s e her p r o p o r t i o n a t e o w n e r s h i p by .35 p e r c e n t to 1 .42 perc e n t . SECTION,.III.,- APPLICATIONS SUBJECT TQ ggDgRAL, RBGISTgR NOTICE ONLY APPLICATION C O M M E N T P E R I O D E N D I N G DATE None. on NEWSPAPER NOTICE APPLICATION S p r i n g f i e l d B a n k Company, Inc., S p r i n g f i e l d , Nebraska, for p r i o r a p p r o v a l to r e d e e m 1, 3 6 4 s h a r e s of its o w n v o t i n g c o m m o n stock. O a k l a n d Financial, Inc., Omaha, N e b r a s k a , for prior a p p r o v a l to r e d e e m 2,894 shares of its o w n v o t i n g c o m m o n stock. ♦ A p p l i c a t i o n is s u bject to C R A FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF 88/05/30 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 None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION TV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notification by Kirby Bancshares, Inc., San Antonio, Texas to redeem 37,064 shares of its common stock. * 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 5/27/88 Section I - Applications Subject to Newspaper Notice Only Add !ication Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Robert V. Kelley, Burbank, California, to increase his ownership from 7.5 percent to a maximum of 15.5 percent of BNB Bancorp, Burbank, California. Newspaper: Not available Fed. Rea.: June 9, 1988 Section III - Applications Subject to Federal Register Notice Only Wells Fargo & Company, San Francisco, California, to engage de novo through its wholly-owned subsidiary, Crocker Life Insurance Company, Oakland, California, in underwriting and/or reinsurance of home mortgage redemption insurance, pursuant to Section 225.25(b)(8)(i) of Regulation Y. Fed. Reo.: June 13, 1988 Cobank Financial Corporation, San Luis Obispo, California, to engage de novo directly in commercial lending pursuant to Section 225.25(b)(1) of Regulation Y. Fed. Rea.: Not available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None ****
@FedFRASER