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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1982 No. 22)
Actions of the Board; Applications and Reports
APPLICABLE
RESERVE BANK
Received During the Week Ending May 29, 1982
ACTIONS OF THE BOARD
Statement by Vice Chairman Preston Martin before the
Senate Banking Committee to present the Board's
views on S. 2531 (the Capital Assistance Act of
1982) and S. 2532 (the Deposit Insurance Flexibility
Act).
Statement by Governor J. Charles Partee before the Subcommittee on Domestic Monetary Policy of the House
Banking Committee to discuss his views of the current
financial condition of the nation's businesses and its
relationship to monetary and fiscal policy.
Criteria for determining whether debt securities issued
by State member banks and bank holding companies with a
mandatory requirement for future conversion to equity
can qualify as primary capital in assessing capital
adequacy.
Proposed interpretations of Regulation B, Equal Credit
Opportunity, involving consideration of income and
disclosure of reasons for adverse action; comments
must be received on or before July 1, 1982. (Docket
No. R-0203)
William R. Jones, Manager, Operations Review program,
appointment effective July 12, 1982.
Sidney M. Sussan, Assistant Director, Division of Banking
Supervision and Regulation, appointment announced.
Announcement by Federal Reserve Board that it is seeking
nominations of qualified individuals for 13 appointments to replace members whose terms expire December
31, 1982, on the Consumer Advisory Council.
H.2, 1982 No. 22
-
2
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ACTIONS OF THE BOARD-Continued
Kansas City
Valley Bank, Eagle, Colorado, proposed new bank, application for membership in the Federal Reserve System
approved. J /
New York
Chase Manhattan Bank, N.A., New York, New York, extension of time to July 1, 1983, within which to establish an initial branch in Colombo, Sri Lanka. J_/
San
Francisco
Wells Fargo Bank, N.A., San Francisco, California, request
to extend for one year to July 6, 1983, the period within which it may establish a branch in Seoul, Korea,
granted. J /
Cleveland
Harter Bank & Trust Company, Canton, Ohio, extension of
time within which to establish a branch at 3050 Lincolnway East, MassilIon, Ohio, until June 17, 1983. \J
Atlanta
Central Bank, Mobile, Alabama, investment in bank premises
for the establishment of a downtown office. J /
Chicago
Fort Madison Bank & Trust Co., Fort Madison, Iowa, investment in bank premises. J /
Richmond
First National Bank of the Valley, Luray, Virginia, a proposed new bank, proposed merger with The First National
Bank of Luray, Luray, Virginia, and Jefferson Bank of the
Valley, Fisherville, Virginia; report to the Comptroller
of the Currency on competitive factors. JV
Chicago
Bank of Commerce, Milwaukee, Wisconsin, proposed merger with
Commerce Acquisition Bank, Milwaukee, Wisconsin, under the
charter of Bank of Commerce and title of Bank of Commerce;
report to the Federal Deposit Insurance Corporation on
competitive factors. J /
Chicago
DBT National Bank of Jackson, Jackson, Michigan, proposed
merger with the National Bank of Jackson, Jackson, Michigan,
under the charter of DBT National Bank of Jackson, and the
title of National Bank of Jackson; report to the Comptroller
of the Currency on competitive factors. JJ
Chicago
Illinois National Bank of Buffalo Grove, Buffalo Grove,
Illinois, proposed merger with Buffalo Grove National
Bank, Buffalo Grove, Illinois, under the charter and title
of Buffalo Grove National Bank; report to the Comptroller
of the Currency on competitive factors. J V
T7
Application processed on behalf of the Board of Governors under delegated
authority.
a
H.2, 1982 No. 22
- 3 ACTIONS OF THE BOARD-Continued
Chicago
Sunnycrest National Bank, Urbana, Illinois, proposed
merger with National Bank of Urbana, Illinois, under
the charter of Sunnycrest National Bank and title
of National Bank of Urbana; report to the Comptroller
of the Currency on competitive factors. \J
Chicago
United Bank, Upland, Indiana and First Valley Bank, Gas
City, Indiana, proposed merger with Citizens National
Bank of Grant County, Marion, Indiana, under the
charter and title of Citizens National Bank of Grant
County; report to the Comptroller of the Currency on
competitive factors. ]_/
Atlanta
Flagship Banks Inc., Miami, Florida, extension of time
to September 26, 1982, within which to acquire Century
Bank of Gainesville, Gainesville, Florida. J /
Atlanta
Florida National Banks of Florida, Inc., Jacksonville,
Florida, extension of time to September 25, 1982, within which to acquire shares of Peoples Bank of St.
Augustine, St. Augustine, Florida. J /
Atlanta
Southern Bancorp, South Daytona, Florida, extension of
time to September 21, 1982, to become a bank holding company through acquisition of Central Bank of
Volusia County, South Daytona, Florida. J/
Chicago
Buffalo Bancorporation, Inc., Buffalo Grove, Illinois,
extension of time to August 28, 1982, within which to
become a bank holding company through the acquisition
of 51 percent or more of the voting shares of Buffalo
Grove National Bank, Buffalo Grove, Illinois. J /
Chicago
Merchants Corporation, Chicago, Illinois, extension of
time to July 19, 1982, within which to become a bank
holding company through the acquisition of 80 percent
or more of the voting shares of Merchants and Manufacturers
State Bank, Melrose Park, Illinois. V
Chicago
NBB, Inc., Chicago, Illinois, extension of time to
August 26, 1982, within which to become a bank holding company through acquisition of 75 percent or more
of the voting shares of National Boulevard Bank of
Chicago, Chicago, Illinois. 1/
T]
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 22
ACTIONS OF THE BOARD-Continued
Chicago
Southwest Financial Corporation, Evergreen Park, Illinois,
extension of time to August 17, 1982, within which to
become a bank holding company through acquisition of
100 percent of the voting shares (less directors'
qualifying shares) of the successor by merger to Evergreen Plaza Bank, Evergreen Park, Illinois. J /
Kansas City
Ameribanc, Inc., St. Joseph, Missouri, extension of time
from June 29, 1982 to September 29, 1982, within which
to consummate the acquisiton of Laurel Bancshares, Inc.,
Raytown, Missouri. \J
Dal las
Brady National Holding Company, Brady, Texas, extension
of time to September 7, 1982, within which to consummate
^ h e acquisition of The Brady National Bank, Brady, Texas.
Dallas
De Leon Bancshares, Inc., De Leon, Texas, extension of time
to August 25, 1982, within which to consummate the acquisition of Farmers 8 Merchants Bank, De Leon, Texas. 1/
Dallas
Raymondvilie State Bancshares, Inc., Raymondville, Texas,
extension of time to August 24, 1982, within which to
consummate the acquisition of Raymondville State Bank,
Raymondville, Texas. 1/
Dallas
Republic of Texas Corporation, Dallas, Texas, extension
of time to August 28, 1982, within which to consummate
the acquisition of First National Bank, Sherman, Texas. J /
Dallas
Republic of Texas Corporation, Dallas, Texas, extension
of time to September 17, 1982, within which to consummate the acquisition of Citizens National Bank of
Waco, Waco, Texas. 1/
San
Francisco
Bancorp Life Insurance Company of Hawaii, Inc., extension
of time to commence reinsuring credit life and credit
accident and health insurance in Guam to August 25, 1982.
1/
San
Francisco
T7
BankAmerica Corporation, San Francisco, California, extensi on of time to September 19, 1982, within which its subsidiary, BA Appraisals, Inc., San Francisco, California,
may commence authorized activities from offices located
in Walnut Creek and El Monte, California; Miami, Florida;
Chicago, Illinois; New York, New York; Houston, Texas; and
Washington, D.C. ]_/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 22
- 5 ACTIONS OF THE BOARD-Continued
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Atlanta
Central Bank, Mobile, Alabama. _
Kansas City
First Charter Bank, Denver, Colorado. ]J
Kansas City
Valley Bank, Eagle, Colorado. 1/
* * * * *
Issued Intent Not to Disapprove Change in Control
Pursuant to Change in Bank Control Act of 1978
Kansas City
Not Disapproved
Fidelity Bank of Denver, Denver, Colorado. J /
Minneapolis
Paru, Inc., Twin Bridges, Montana. V
Richmond
The Bank of White Sulphur Springs, White Sulphur Springs,
West Virginia. ]_/
Richmond
Peoples Bank of Danville, Danville, Virginia. 1/
* * * * *
To Merge Pursuant to Section 18(c) of the Federal
Deposit Insurance Act
Atlanta
J/
Approved
Central Bank of the South, Birmingham, Alabama, to merge
with Central Bank, Mobile, Alabama. 1/
Application processed on behalf of the Board of Governors under delegated
authority.
i
H.2, 1982 No. 22
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6
ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Atlanta
Approved
Exchange Bank and Trust Company, Tampa, Florida. To establish a branch on State Road 52 at the northwest
corner of The Plaza of the Oaks Shopping Center,
Pasco County, Florida. V
Chicago
Chemical Bank and Trust Company, Midland, Michigan. To
establish an offsite electronic facility at Midland
Hospital Center, 4005 Orchard Drive, Midland, Michigan.
1/
San
Francisco
First Interstate Bank of California, Los Angeles, California.
To establish a branch office in the vicinity of the intersection of Madison Avenue and Greenback Lane, Unincorporated
Community of Orangevale, Sacramento County, California. J_/
San
Francisco
First Interstate Bank of California, Los Angeles, California.
To establish a branch office in the vicinity of the intersection of Brookhurst Street and La Alameda Avenue, City of
Fountain Valley, Orange County, California. 1/
*
*
*
*
*
Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9) and
4(c)(13) of the Bank Holding Company Act of 1956, as
amended
New York
T7
Application processed on behalf of the Board of Governors under delegated
authority.
i
Approved
North America International Corporation, New York, New York,
an Edge Act Corporation wholly owned by National Bank of
North America, New York, New York: grants consent for the
amendment of Article First of the Articles of Association
of Edge to change its name to North America International
Bank and Articles Third and Fourth of Edge to change the
location of its home office to Miami, Florida.
- 7
H.2, 1982 No. 22
ACTIONS OF THE BOARD-Continued
Dal las
Cleveland
Philadelphia
First Dallas International Corporation in New York, New York,
New York, to change its name to Interfirst International
Corporation and the amendment of Article First of the
Articles of Association. (5/25/82) J /
Sixty Day Notification Period Allowed to Expire
Pittsburgh International Bank, Pittsburgh, Pennsylvania:
no objection to contribute to the capital of Pittsburgh
National, Seldon & Co. Limited, Sydney, Australia.
Sixty Day Notification Period Waived
Philadelphia International Investment Corporation,
Philadelphia, Pennsylvania: no objection to make an
additional investment in Concord International (Curacao)
N.V., Curacao, Netherlands Antilles in order to maintain
20 percent ownership.
*
*
*
*
*
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
New York
Approved
Morgan Bank (Delaware), Wilmington, Delaware: grants permission to establish a branch in George Town, Grand
Cayman, Cayman Islands.
*
*
*
*
*
To Form a Bank Holding Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Philadelphia
Cleveland
\J
Approved
Fulton Financial Corporation, Lancaster, Pennsylvania, for
approval to acquire 100 percent of the voting shares of
Fulton Bank, Harrisburg, Pennsylvania. J /
U.C.B. Banc Corp., East Palestine, Ohio, for approval to
acquire 100 percent of the voting shares of The Union
Commercial & Savings Bank, East Palestine, Ohio. JJ
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 22
8
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ACTIONS OF THE BOARD-Continued
Atlanta
H C Financial Corp., LaBelle, Florida, for approval to
acquire at least 80 percent of the voting shares of
Hendry County Bank, LaBelle, Florida. _1_/
St. Louis
First Bancshares of Eastern Arkansas, Inc., West Memphis,
Arkansas, for approval to acquire at least 80 percent
of the voting shares of First National Bank in West
Memphis, West Memphis, Arkansas. \J
St. Louis
Southern Bancshares, Inc., Fairview Heights, Illinois,
for approval to acquire at least 80 percent of the
voting shares of Southern Illinois Bank, Fairview
Heights, Illinois. V
Minneapolis
Century Bancorp, Inc., New Brighton, Minnesota, for approval to acquire at least 90.6 percent of the voting
shares of Centennial State Bank of Lexington, Lexington,
Minnesota, jl/
Minneapolis
Ceylon Bancorporation, Inc., Ceylon, Minnesota, for approval
to acquire at least 90.67 percent of the voting shares of
State Bank of Ceylon, Ceylon, Minnesota. JJ
Minneapolis
Hiawatha Bancshares, Inc., Hager City, Wisconsin, for approval to acquire at least 95 percent of the voting shares
of Hiawatha National Bank, Hager City, Wisconsin. J /
Minneapolis
Turtle Bancshares, Incorporated, Turtle Lake, Wisconsin,
for approval to acquire 100 percent of the voting shares
of Bank of Turtle Lake, Turtle Lake, Wisconsin. J /
Kansas City
Shoshone Financial Corporation, Lovell, Wyoming, for approval to acquire 100 percent of the voting shares of
The First National Bank of Lovell, Lovell, Wyoming. ]J
Kansas City
The Walton Bancshares, Inc., Walton, Kansas, for approval
to acquire at least 80 percent of the voting shares of
The Walton State Bank, Walton, Kansas. J_/
Dallas
Borger First Corporation, Borger, Texas, for approval to
acquire at least 80 percent of the voting shares of First
National Bank of Borger, Borger, Texas. \j
J/
Application processed on behalf of the Board of Governors under delegated
authority.
I
- 9 -
H.2, 1982 No. 22
ACTIONS OF THE BOARD-Continued
Dallas
Caprock Bancshares, Inc., Shallowater, Texas, for approval
to acquire at least 80 percent of the voting shares of
First State Bank of Shallowater, Shallowater, Texas. J_/
Dallas
Fresnos Bancshares, Inc., Los Fresnos, Texas, for approval
to acquire at least 80 percent of the voting shares of Los
Fresnos State Bank, Los Fresnos, Texas. _}/
Dallas
Ruidoso Bank Corporation, Ruidoso, New Mexico, for approval
to acquire at least 80 percent of the voting shares of
Ruidoso State Bank, Ruidoso, New Mexico. J /
Dallas
Zapata Bancshares, Inc., Zapata, Texas, for approval to
acquire 100 percent of the voting shares of First
National Bank of Zapata, Zapata, Texas. V
San
Francisco
Napa National Bancorp, Napa, California, for approval to
acquire 100 percent of the voting shares of Napa National
Bank, Napa, California, a proposed new bank. V
San
Francisco
SDN Bancorp, Encinitas, California, for approval to acquire
100 percent of the voting shares (less directors' qualifying shares) of the successor by merger to San Diequito
National Bank, Encinitas, California. 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Kansas City
Cleveland
J7
Withdrawn
Erie Bancshares, Inc., Erie, Kansas, for approval to acquire
at least 24.5 prcent of the voting shares of Lansing
Bancshares, Inc., Lansing, Kansas.
Approved
Huntington Bancshares Incorporated, Columbus, Ohio, for approval to acquire 100 percent of the voting shares of
Union Commerce Corporation, Cleveland, Ohio.2/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 22
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10
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ACTIONS OF THE BOARD-Continued
Atlanta
Royal Trustco Limited, Toronto, Ontario, Canada and Royal
Trust Bank Corp., Miami, Florida, for approval to acquire
at least 99.2 percent of the voting shares of Century
First National Bank of Pinellas County, St. Petersburg,
Florida. J /
Chicago
NORTHWEST FUNDING CO., INC., Rockford, Illinois, for approval to acquire 100 percent of the voting shares (less
directors' qualifying shares) of Northwest Bank of
Winnebago County, Rockford, Illinois, a proposed new
bank. J/
Kansas City
Crown Bancshares, Inc., Kansas City, Missouri, for approval
to acquire 22.5 percent of the voting shares of Merchants
Bancorporation, Topeka, Kansas and indirectly The Merchants
National Bank of Topeka, Topeka, Kansas, y
Kansas City
Southwest Bancshares, Inc., Hermitage, Missouri, for approval to acquire at least 85.75 percent of the voting
shares of The Bank of Hermitage, Hermitage, Missouri. V
Dallas
Victoria Bankshares, Inc., Victoria, Texas, for approval to
acquire 100 percent of the voting shares of Hays County
National Bank, San Marcos, Texas. 1/
*
*
*
*
*
To Retain Bank Shares Acquired in a Fiduciary Capacity
Pursuant to Section 3 of the Bank Holding Company Act
of 1956
Kansas City
T]
Approved
Fourth Financial Corporation, Wichita, Kansas, for approval
to retain 8.1 percent of the voting shares of The Towanda
State Bank, Towanda, Kansas. 1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1982 No. 22
-
11
-
ACTIONS OF THE BOARD-Continued
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
New York
Cleveland
New York
T7
3/
Approved
Chase Manhattan Corporation, New York, New York, for approval to acquire through its wholly-owned subsidiary,
Chase Home Mortgage Corporation, a portion of the assets
of a going concern Suburban Coastal Corp., Wayne, New
Jersey.
Huntington Bancshares Incorporated, Columbus, Ohio, for
approval to acquire indirectly 100 percent of Union
Commerce Leasing Corporation and Union Capital Management, Cleveland, Ohio. J /
Reactivated
Citicorp, New York, New York, requests permission to expand the service area and activities of an existing
office (the extension of loans to dealers for the
financing of inventory (floor planning) and working
capital purposes; the purchasing and servicing for its
own account of sales finance contracts; the sale of credit
related life and accident and health or decreasing or level
(in the case of single payment loans) term life insurance
by licensed agents or brokers, as required; the sale of
credit related property and casualty insurance protecting
real and personal property subject to a security agreement with Citicorp Acceptance Company, Inc., to the extent
permissible under applicable State insurance laws and
regulations; and the servicing for any person, of loans,
and other extensions of credit; the new activity in
which the office proposes to engage de novo is: the
making of loans to individuals and businesses to finance
the purchase of mobile homes, modular units or related
m a n u f a c t u r e d housing, together with the real property
to which such housing is or will be permanently affixed,
such property being used as security for the loans; the
proposed service area for all previously approved and
proposed activities, with the exception of the sale of
credit related property and casualty insurance, shall be
comprised of the following States: Illinois, Iowa, Minnesota
and Wisconsin) at 999 Plaza Drive, Woodfield Plaza, Suite
520, Schaumburg, Illinois, through its subsidiary, Citicorp
Acceptance Company, Inc. (5/28/82) 3/
Application processed on behalf of the Board of Governors under delegated
authority.
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 22
- 1 2 -
ACTIQNS OF THE BQARD-Continued
Atlanta
New York
New York
3/
First Mississippi National Corporation, Hattiesburg,
Mississippi, notification of intent to engage in de
novo activities (acting as insurance agent or broker
in offices at which the subsidiary is otherwise engaged
in business for the sale of life and accident and health
insurance directly related to extensions of credit by
a bank or bank related firm or is directly related to
the provision of other financial services by a bank or
bank related firm) at 1102 Highway 49 North, Hattiesburg,
Mississippi, serving Alabama, northwest Florida, Louisiana,
Mississippi and east Texas, through its subsidiary,
Continental Leasing Corporation (5/28/82) 3/
Permitted
Barclays Bank Limited and Barclays Bank International
Limited, both of London, England, requests permission
to relocate an existing office engaging in the following activities (making direct consumer loans, including
loans secured by real estate and purchasing sales finance
contracts representing extensions of credit such as would
be made or acquired by a consumer finance company and
wholesale financing (floor planning); and acting as agent
for the sale of related credit life, credit accident and
health and credit property insurance; credit life and
credit accident and health insurance sold as agent may
be underwritten or reinsured by BarclaysArnericanCorporation's insurance underwriting subsidiaries) from 917
Reynolds Street, Augusta, Georgia to 2621-B Washington
Road, Augusta, Georgia, through their subsidiary,
BarclaysAmerican/Financial, Inc. (5/27/82) 3/
The Chase Manhattan Corporation, New York, New York, requests
permission to establish de novo offices engaging in the
following activities (making or acquiring, for its own
account 6r for the account of others, loans and other
extensions of credit such as would be made by a commercial
finance, equipment finance or factoring company, including
factoring accounts receivable, making advances and overadvances on receivables and inventory and business installment lending as well as unsecured commercial loans; servicing loans and other extensions of credit; leasing
personal property on a full payout basis and in accordance
with the Board's Regulation Y, or acting as agent, broker
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 22
- 13
-
ACTIONS OF THE BOARD-Continued
or advisor in so leasing such property, including the
leasing of motor vehicles) at 1411 Broadway 4th Floor,
New York, New York, through its subsidiary, Chase Commercial
Corporation (5/28/82) 2 /
New York
The Chase Manhattan Corporation, New York, New York, requests
permission to establish de novo offices engaging in the
following activities (making or acquiring, for its own
account or for the account of others, loans and other
extensions of credit such as would be made by a commercial
finance, equipment finance or factoring company, including
factoring accounts receivable, making advances and overadvances on receivables and inventory and business installment lending as well as unsecured commercial loans; servicing loans and other extensions of credit; leasing personal property on a full payout basis and in accordance
with the Board's Regulation Y, or acting as agent, broker
or adviser in so leasing such property, including the
leasing of motor vehicles) at 150 Monument Drive, Bala
Cynwyd, Pennsylvania, through its subsidiary, Chase
Commercial Corporation (5/28/82) 3/
New York
Citicorp, New York, New York, requests permission to expand the service area and activities of an existing
office (the extension of loans to dealers for the
financing of inventory (floor planning) and working
capital purposes; the purchasing and servicing for its
own account of sales finance contracts; the sale of credit
related life and accident and health or decreasing or level
(in the case of single payment loans) term life insurance
by licensed agents or brokers, as required; the sale of
credit related property and casualty insurance protecting
real and personal property subject to a security agreement with Citicorp Acceptance Company, Inc., to the extent
permissible under applicable State insurance laws and
regulations; and the servicing for any person, of loans,
and other extensions of credit; the new activity in
which the office proposes to engage de novo is: the
making of loans to individuals and businesses to finance
the purchase of mobile homes, modular units or related
manufactured housing, together with the real property to
which such housing is or will be permanently affixed, such
property being used as security for the loans; the proposed
service area for all previously approved and proposed
3*7 4(c)(8) notification processed on behalf of the Board of Governors under
delegated authority.
H.2, 1982 No. 22
- 14 ACTIONS OF THE BOARD-Continued
activities, with the exception of the sale of credit
related property and casualty insurance, shall be comprised
of the following States: Illinois, Iowa, Minnesota and
Wisconsin) at 999 Plaza Drive, Woodfield Plaza, Suite 520,
Schaumberg, Illinois, through its subsidiary, Citicorp
Acceptance Company, Inc. (5/28/82) 3/
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to establish a de novo office engaging in the
following activities (making or acquiring loans and other
extensions of credit, secured and unsecured, such as would
be made or acquired by a finance company under State Law;
servicing such loans and other extensions of credit; and offering
credit-related life insurance; such activities will include, but
not be limited to, making consumer installment loans and other
extensions of credit secured by real and personal property, and
offering credit-related life insurance and decreasing or level
term (in the case of single payment loans) life insurance by
licensed agents or brokers to the extent permissible
under applicable State insurance laws and regulations
directly related to extensions of credit made or acquired
by Finance One Mortgage of New Mexico, Inc.) at 2155
Louisiana Boulevard, N.E., Albuquerque, New Mexico, this
office will service the entire State of New Mexico, through
its subsidiary, Finance One Mortgage of New Mexico, Inc.
(5/23/82) 3/
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to expand the service area of an existing office
(leasing real and personal property on a full payout basis;
and acting as agent, broker or advisor in leasing of such
property in accordance with the provisions of regulations
promulgated by the Board of Governors; and making and acquiring
for its own account or for the account of others loans and
other extensions of credit with respect to such property and
servicing such leases, loans or other extensions of credit)
at 3 Landmark Square, Stamford, Connecticut, the expanded
service area would include the County of Westchester, New York,
through its subsidiary, Manufacturers Hanover Leasing Corporation (5/23/82) 3/
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to establish a de novo office engaging in the
following activities (making or acquiring loans and other
extensions of credit, secured or unsecured, such as would be
made or acquired by a finance company under State law; ser-
3/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 22
- 15 ACTIONS OF THE BOARP-Continued
vicing such loans and other extensions of credit; and offering credit related life insurance; such activities will
include, but not be limited to, making consumer installment
loans, purchasing installment sales finance contracts, making
loans and other extensions of credit secured by real and
personal property, and offering credit related life insurance and decreasing or level term (in the case of single
payment loans) life insurance by licensed agents or brokers
to the extent permissible under applicable State insurance
laws and regulations directly related to extensions of
credit made or acquired by Finance One Mortgage of South
Carolina, Inc.) at 2420 Mall Drive, Charleston, South
Carolina, this office will service the entire State of
South Carolina, through its subsidiary, Finance One Mortgage of South Carolina, Inc. (5/22/82) _3/
Atlanta
77
Alliance Corporation Jacksonville, Florida, notification of
intent to engage in de novo activities (making or acquiring
mortgage loans for its own account or the account of others;
servicing mortgage loans for others; and reselling such loans
in the secondary mortgage markets in accordance with Sections
225.4(a)(1) and (3) of the Board's Regulation Y) at 25 West
Forsyth Street, Jacksonville, Florida; 2 LaVista Perimeter
Office Park, Suite 104, Tucker, Georgia; 3939 South Sherwood
Forest Boulevard, Suite F, Baton Rouge, Louisiana; 3045
Independence Drive, Birmingham, Alabama; 4700 Auth Place,
Suite 310, Camp Springs, Maryland; Northgate Office Building,
Suite 222, 5861 Rivers Avenue, North Charleston, South Carolina;
Suite 105, Osborne Office Center, Chattanooga, Tennessee; 2814
New Springs Road, Suite 103, Atlanta, Georgia; 1585 Phoenix
Boulevard, Suite 6, College Park, Georgia; 246 N. Ridgewood
Avenue, Daytona Beach, Florida; Suite KK, North Executive Plaza
2320 East North Street, Greenville, South Carolina; 2005
Gallatin Street, Suite A, Huntsvilie, Alabama; Suite 101,
Brookvale II Office Building, 6016 Brookvale Lane, Knoxville,
Tennessee, 515 S. College Street, Suite 201, Lafayette, Louisiana
3717 Taylorsville Road, Suite 110, Louisville, Kentucky; 16560
N.E. 6th Avenue, North Miami Beach, Florida; 576 Azalea Road,
Suite 101, Mobile, Alabama; Southland Building, Suite 310, 1-4
& Lee Road, Orlando, Florida; 440 East Main Street, Pensacola,
Florida; 4020 Moorpark Avenue, Suite 100, San Jose, California;
6825 Lillian Road, Suite Bl, Jacksonville, Florida; 300 Building
North, 3160 5th Avenue North, Suite 100, St. Petersburg, Florida;
5601 Mariner Street, Suite 104, Tampa, Florida; Bonney Square
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 22
-
16
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ACTIONS OF THE BQARD-Continued
Office Building, 347 Witchduck Road, Virginia Beach, Virginia;
4401 Wesconnet Boulevard, Suite 108, Jacksonville, Florida;
and 3003 S. Congress Avenue, Suite 2-D, Palm Springs, Florida,
serving the States of Florida, Alabama, California, Georgia,
Kentucky, Louisiana, Maryland, North Carolina, South Carolina,
Tennessee, and Virginia, through its subsidiary, Charter
Mortgage Company (5/26/82) 3/
Atlanta
First Mississippi National Corporation, Hattiesburg,
Mississippi, notification of intent to engage in de
novo activities (acting as insurance agent or broker
in offices at which the subsidiary is otherwise engaged
in business for the sale of life and accident and health
insurance directly related to extensions of credit by
a bank or bank related firm or is directly related to
the provision of other financial services by a bank or
bank related firm) at 1102 Highway 49 North, Hattiesburg,
Mississippi, serving Alabama, northwest Florida, Louisiana,
Mississippi and east Texas, through its subsidiary,
Continental Leasing Corporation (5/28/82) 3/
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota, notification
of intent to engage in de novo activities (providing portfolio
investment advice to any person, including, but not limited to,
pension and profit sharing funds and venture capital funds)
at 1730 Midwest Plaza Building, Minneapolis, Minnesota, 1300
S.W. Fifth Avenue, Suite 3018, Portland, Oregon and 7625
West Fifth Avenue, Suite 202, Lakewood, Colorado, serving
the United States, Puerto Rico, Mexico and Canada, through
a subsidiary, Northwest Growth Management, Inc. (5/24/82) 3/
San
Francisco
First Interstate Bancorp, Los Angeles, California, notification of intent to engage in de novo activities (making
or acquiring loans and other extensions of credit, and
servicing loans) in Los Angeles, California, serving the
fifty States, through its subsidiary, First Interstate
Funding Company (5/28/82) 3/
San
Francisco
Treasure Valley Bancorp, Fruitland, Idaho, notification of
intent to engage in de novo activities (in the sale of
general insurance in a town with a population not exceeding 5,000) at Gayway Center #2, Fruitland, Idaho, serving
the community of Fruitland, Idaho and the surrounding
rural areas, through its subsidiary, Peoples Treasure
Valley (formerly Peoples Insurance Co.) (5/283/82) 3/
3/
~~
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 22
17
APPLICATIONS RECEIVED
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Atlanta
Central Bank, Mobile, Alabama.
Richmond
First Virginia Bank - Tazewell, Tazewell, Virginia. 2/
Chicago
The DeKalb Interim Bank, De Kalb, Illinois. 2/
Kansas City
Boulder Tri-State Industrial Bank, Boulder, Colorado. 2/
Kansas City
Tri-State Bank, Denver, Colorado. 2/
* * * * *
To Merge Pursuant to Section 18(c) of the
Federal Deposit Insurance Act
Richmond
First Virginia Bank - Tazewell, Virginia, to merge with
Tazewell National Bank, Tazewell, Virginia. 2/
Chicago
The De Kalb Bank, De Kalb, Illinois, to merge with The
DeKalb Interim Bank, De Kalb, Illinois. 2/
* * * * *
To Establish a Branch Pursuant to Section 9 of the
Federal Reserve Act
New York
The Bank of New York, New York, New York. To establish
a branch approximately 167 feet south of the Southeast
corner of the intersection of Delaware Avenue and Nash
Road, Village of Kenmore, Erie County, New York. 2/
New York
The Bank of New York, New York, New York. To establish
a branch approximately 240 feet west of North Buffalo
Road and 110 feet south of the entrance to Bell's
Shopping Center, 4050 North Buffalo Road (Unincorporated
Area), Town of Orchard Park, Erie County, New York. 2/
2/
Application subject to Community Reinvesmtent Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 22
-
18
-
APPLICATIONS RECEIVEP-Continued
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Philadelphia
Girard Bank, Bala Cynwyd, Pennsylvania* To establish a
remote service facility to be located at 929 Arch Street,
Philadelphia, Pennsylvania. 2/
Richmond
Union Trust
establish
following
Baltimore
Atlanta
Central Bank, Mobile, Alabama. To establish an ATM to be
located in the University of South Alabama Post Office
Bookstore. 2/
Atlanta
Central Bank, Mobile, Alabama. To establish a branch to
be located at 250 Government Street, Mobile, Alabama. 2/
Atlanta
Trust Company of Georgia, Atlanta, Georgia. To establish
an ATM to be located in the Roswel1 Wieuca Shopping
Center on Roswel1 Road near its intersection with Wieuca
Road in Atlanta, Georgia. 2]
Atlanta
Flagship Bank of Tampa, Tampa, Florida. To establish a
branch to be located at the southwest corner of Rustic
Drive and Waters Avenue, Tampa, Florida. 2/
Atlanta
Flagship Bank of Tampa, Tampa, Florida. To establish a
branch to be located at the northwest corner of Fletcher
Avenue and North Dale Mabry Highway, Tampa, Florida. 2/
Chicago
The Pinney State Bank, Cass City, Michigan. To establish
a drive-up facility to be located at 140 feet away from
the present new office in Cass City, Michigan. 2/
San
Francisco
Emerald Empire Banking Company, Springfield, Oregon.
Branch to be located at 1075 Oak Street, Eugene, Oregon.
2/
Cmpany of Maryland, Baltimore, Maryland. To
customer-bank communication terminals at the
locations: 5 in Baltimore City and 7 in
County. 2/
2/
Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
I
H.2, 1982 No. 22
-19-
APPLICATIONS RECEIVED-Continued
Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9) and
4(c)(13) of the Bank Holding Company Act of 1956, as
amended
New York
Citibank Overseas Investment Corporation, Wilmington,
Delaware: prior notification of its intent to acquire,
directly or indirectly, 100 percent of the shares of
Citicorp Services Limited, Auckland, New Zealand and
to continue to hold, directly or indirectly, the shares
of Services after Services acquires up to 70 percent
of the shares of Citicorp New Zealand Limited, Auckland,
New Zealand.
New York
Morgan Guaranty International Finance Corporation,
York, New York and Morgan Guaranty International
Miami, Florida: requests consent to continue to
stock and subordinated debt investments in Saudi
national Bank, London, England.
Cleveland
Mellon National Corporation, Pittsburgh, Pennsylvania: prior
notification of its intent to form an indirect subsidiary to be known as Mellon Overseas Capital N.V., which
will be used as an offshore financing vehicle for Mellon
National Corporation and its affiliates.
Cleveland
Mellon Bank, N.A., Pittsburgh, Pennsylvania: requests consent
to amend Article Seventh of its Articles of Association of
Me 11 on Bank International - Miami ("MBI"-M") for the purpose of increasing the authorized capital stock of MBI-M.
Chicago
Continental International Finance Corporation, Chicago,
Illinois: requests consent to purchase additional shares
of its subsidiary, Underwriters Bank (Overseas) Limited.
Dallas
First Dal las International Corporation in New York, New York,
New York: for approval of a name change to Interfirst International Corporation and amendment of Article First of the
Articles of Association.
San
Francisco
BankAmerica Corporation, San Francisco, California: prior
notification of its intent to increase the capitalization
of its wholly-owned offshore financing subsidiary, BankAmerica Overseas Finance Corporation N.V.
New
Bank,
hold
Inter-
H.2, 1982 No. 22
- 20 APPLICATIONS RECEIVED-Continued
San
Francisco
Rainier International Bank, Los Angeles, California: prior
notification of its intent to make an additional investment in Rainier International Finance Company, Ltd.,
Hong Kong.
*
*
*
*
*
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
New York
The Chase Manhattan Bank, N.A., New York, New York: prior
notification of its intent to establish branches in
Argentina, through the acquisition of the present offices
of its subsidiary, Chase Bank S.A., Buenos Aires, Argentina.
*
*
*
*
*
To Establish a U.S. Branch of an Edge Act Corporation
Pursuant to Section 25(a) of the Federal Reserve Act
New York
Citibank International, Miami, Florida: requests consent
to establish a de novo branch in San Diego, California.
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Boston
First Vermont Financial Corporation, Brattleboro, Vermont,
for approval to acquire at least 80 percent of the voting
shares of First Vermont Bank and Trust Company, Brattelboro, Vermont. 2/
Boston
Vermont Financial Services Corp., Brattleboro, Vermont, for
approval to acquire 100 percent of the voting shares of
the successor by merger to Vermont National Bank, Brattleboro, Vermont. 2/
77
Application subject to Community Resinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 22
-
21
APPLICATIONS RECEIVED-Continued
Atlanta
Coastal Bankshares, Inc., Hinesville, Georgia, for approval
to acquire 100 percent of the voting shares of The Coastal
Bank, Hinesville, Georgia. 2/
Atlanta
Foxworth Corporation, Foxworth, Mississippi, for approval
to acquire at least 80 percent of the voting shares of
Foxworth Bank, Foxworth, Mississippi. 2/
Atlanta
Progressive Capital Corporation, Amite, Louisiana, for approval to acquire at least 80 percent of the voting
shares of Central Progressive Bank of Amite, Amite,
Louisiana. 2]
Atlanta
Southwest Georgia Bankshares, Inc., Americus, Georgia, for
approval to acquire 100 percent of the voting shares of
The Bank of Commerce, Americus, Georgia. 2/
Atlanta
United American of Northwest Florida, Inc., Pensacola,
Florida, for approval to acquire at least 90 percent
of the voting shares of First State Bank of Pensacola,
Pensacola, Florida. 2/
Chicago
DeKalb Bancorp, Inc., De Kalb, Illinois, for approval to
acquire at least 80 percent of the voting shares (less
directors' qualifying shares) of the successor by merger
to The De Kalb Bank, De Kalb, Illinois. 2/
Chicago
First Peoria Corp., Peoria, Illinois, for approval to acquire
100 percent of the voting shares (less directors' qualifying
shares) of the successor by merger to The First National
Bank of Peoria, Peoria, Illinois. 2/
Chicago
Oregon Bancorp, Inc., Oregon, Wisconsin, for approval to
acquire at least 80.2 percent of the voting shares of
Community National Bank, Oregon, Wisconsin. 2J
Chicago
Weaver Bancshares, Inc., Riverton, Iowa, for approval to
acquire at least 82 percent of the voting shares of
Nishna Valley State Bank, Riverton, Iowa. 2/
St. Louis
Colonial Capital Corporation, Mantee, Mississippi, for approval to acquire at least 83.44 percent of the voting
shares of Bank of Mantee, Mantee, Mississippi. 2/
2/
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 22
22
APPLICATIONS RECEIVED-Continued
St. Louis
Monticello Bankshares, Inc., Monticello, Kentucky, for approval to acquire at least 80 percent of the voting
shares of The Monticello Banking Company, Monticello,
Kentucky. ZJ
St. Louis
Vernois Bancorp, Inc., Mt. Vernon, Illinois, for approval
to acquire at least 80 percent of the voting shares of
Bank of Illinois in Mt. Vernon, Mt. Vernon, Illinois. 2/
Minneapolis
Americana Bancorporation of Alden, Inc., Edina, Minnesota,
for approval to acquire at least 75.63 percent of the
voting shares of Americana State Bank of Alden, Alden,
Minnesota. ZJ
Minneapolis
St. Joseph Bancshares, Inc., St. Joseph, Minnesota, for
approval to acquire at least 93 percent of the voting
shares of First State Bank of St. Joseph, St. Joseph,
Minnesota. ZJ
Kansas City
Citizens Commerce Corporation, Ardmore, Oklahoma, for approval to acquire at least 80 percent of the voting
shares of Citizens National Bank of Ardmore, Ardmore,
Oklahoma. 2/
Kansas City
First National Bancshares of Fredonia, Fredonia, Kansas,
for approval to acquire at least 80 percent of the
voting shares of First National Bank of Fredonia, Fredonia,
Kansas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Richmond
First Virginia Banks,
approval to acquire
of the successor by
Tazewell, Virginia.
Atlanta
The Colonial Bancgroup, Inc., Montgomery, Alabama, for approval to acquire at least 80 percent of the voting
shares of Exchange National Bank of Montgomery,
Montgomery, Alabama. 2/
2/
Inc., Falls Church, Virginia, for
100 percent of the voting shares
merger to Tazewell National Bank,
2/
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 22
23
APPLICATIONS RECEIVED-Continued
Atlanta
Southern Bancorp, Inc., Waycross, Georgia, for approval to
acquire at least 55.2 percent of the voting shares of The
Exchange Bank, Douglas, Georgia. 2/
Chicago
DETROITBANK Corporation, Detroit, Michigan, for approval
to acquire 100 percent of the voting shares (less directors' qualifying shares) of the successor by merger
to The National Bank of Jackson, Jackson, Michigan. 2/
Minneapolis
Hopkins Financial Corporation, Mitchell, South Dakota,
for approval to acquire at least 76 percent of the
voting shares of Day County Bank, Webster, South
Dakota. 2/
Kansas City
Affiliated Bank Corporation of Wyoming, Casper, Wyoming,
for approval to acquire at least 95 percent of the
voting shares of Fossil Butte National Bank, Kemmerer,
Wyoming. 2/
Kansas City
Fremont Bancshares, Inc., Lincoln, Nebraska, for approval
to acquire 100 percent of the Class B nonvoting shares
of Citizens State Banco, Lincoln, Nebraska. 2/
Dallas
Cullen/Frost Bankers, Inc., San Antonio, Texas, for approval to acquire 100 percent of the voting shares of
Union National Bank of Laredo, Laredo, Texas. 2/
Dallas
First City Bancorporation of Texas, Inc., Houston, Texas,
for approval to acquire 100 percent of the voting shares
of First City Bank-Northchase, N.A., Houston, Texas, a
proposed new bank. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston
2/
Fleet Financial Group, Inc., Providence, Rhode Island, notification of intent to engage in de novo activities
(the servicing of residential mortgage loans and loans
secured by junior liens on residential real estate) at
Suite 200, 26011 Evergreen, Southfield, Michigan, serving
the counties of Genesee, Lapeer, Macomb, Monroe, Oakland,
St. Clair, Sanilac and Wayne, through its indirect subsidiary, Mortgage Associates, Inc. (5/24/82)
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
i
H.2, 1982 No. 22
-24APPLICATIONS RECEIVED-Continued
New York
Bankers Trust New York Corporation, New York, New York,
requests permission to establish a de novo office engaging in the following activities (making or acquiring
loans or other extensions of credit such as would be
made by a commercial finance company, including commercial loans secured by a borrower's accounts receivable,
inventory or other assets; purchasing or acquiring accounts receivable and making advances theron as would
be done by a factor; servicing such loans or accounts
for others; and acquiring and selling participations)
at Cal Mart, 110 East 9th Street, Suite C801, Los
Angeles, California, through its subsidiary, BT Commercial Corporation (5/24/82)
New York
The Chase Manhattan Corporation, New York, New York,
requests permission to establish a de novo office
engaging in the following activities (making or acquiring, for its own account or for the account of others,
loans and other extensions of credit such as would be
made by a commercial finance, equipment finance or
factoring company, including factoring accounts receivable,
making advances and over-advances on receivables and
inventory and business installment lending as well as
unsecured commercial loans; servicing loans and other
extensions of credit; leasing personal property on a
full payout basis and in accordance with the Board's
Regulation Y, or acting as agent, broker or adviser
in so leasing such property, including the leasing of
motor vehicles) at 1 Marine Midland Plaza, Suite 1623,
Rochester, New York, through its subsidiary, Chase Commercial Corporation (5/24/82)
New York
The Hongkong and Shanghai Banking Corporation, Hong Kong,
B.C.C., requests permission to establish a de novo
office engaging in the following activities - [making or
acquiring loans and other extensions of credit, secured
or unsecured (other than consumer loans); commercial
financing, including revolving credit secured by inventory,
accounts receivable or other assets; conditional sales
financing; lease financing and making leases of personal
property in accordance with the Board's Regulation Y;
issuing letters of credit; accepting drafts; servicing
loans for its own account and the account of others;
purchasing loan and lease portfolios; purchasing and
selling loan participations; and providing representational
services for the banking affiliates) at 1 Houston Center,
Houston, Texas, through its subsidiary * Hongkong Bancorp
Inc. (S/27/82)
H.2, 1982 No. 22
-25APPLICATIONS RECEIVED-Continued
Richmond
Maryland National Corporation, Baltimore, Maryland, for
approval to acquire through its subsidiary, National
Personal Finance Corporation 100 percent of the
voting shares of Central Industrial Bank, Aurora,
Colorado.
Chicago
Continental Illinois Corporation, Chicago, Illinois,
notification of intent to engage in de novo activities
(making or acquiring for its own account and for the
account of others, secured and unsecured loans and
other extensions of credit (including issuing letters
of credit and accepting drafts) to or for business,
governmental and other customers (excluding direct
consumer lending) and servicing such loans and other
extensions of credit) in Rolling Meadows, Illinois,
serving the entire State of Illinois, through its
wholly-owned subsidiary, Continental Illinois Commercial Corporation (5/15/82)
St. Louis
Colonial Capital Corporation, Mantee, Mississippi, for
approval to engage in certain insurance activities.
Kansas City
Central Service Corporation, Enid, Oklahoma, for approval
to engage in selling commercial paper to primarily wholesale customers through a sweeping of DDA balances from
its subsidiary bank.
Kansas City
FM Co., Mil 1igan, Nebraska, for approval to acquire 100
percent of Barnard Agency, Mi 11igan, Nebraska, and thereby
engage in the sale of general insurance in a community
with less than 5,000 population.
Kansas City
Santa Fe Trail Banc Shares, Inc., Hutchinson, Kansas, for
approval to acquire 100 percent of the voting shares of
Thayer Leasing, Inc., Hutchinson, Kansas and thereby
engage in leasing personal or real property or acting
as an agent, broker or adviser in leasing such property
for commercial, agri-business or municipal uses.
San
Francisco
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (actting as an industrial loan company under the Washington
Industrial Loan Companies Act; making or acquiring for
its own account loans and other extensions of credit;
servicing loans and other extensions of credit; and
offering credit related life insurance and credit related health insurance in the State of Washington;
H.2, 1982 No. 22
-26-
APPLICATIONS RECEIVED-Continued
such activities will include, but not be limited to,
issuing investment certificates (pledged as security),
making consumer installment loans, purchasing installment sales finance contracts, making loans and other
extensions of credit to small businesses, making loans
secured by real and personal property, and offering
credit related life and credit related accident and
health insurance directly related to extensions of
credit made or acquired by both FinanceAmerica Industrial
Loan Company and FinanceAmerica Corporation) at 150
Bellevue Way, SE, Suite 103, Bellevue, Washington,
serving the entire State of Washington, through its
proposed indirect subsidiary, FinanceAmerica Industrial
Loan Company (a proposed Washington Corporation) and
(making or acquiring for its own account loans and
other extensions of credit such as would be made or
acquired by a finance company; servicing loans and
other extensions of credit; and offering credit related
life insurance and credit related accident and health
insurance) at 150 Bellevue Way, SE, Suite 103, Bellevue,
Washington, serving the entire State of Washington,
through an indirect subsidiary, FinanceAmerica Corporation (a Washington Corporation) (5/26/82)
San
Francisco
San
Franc isco
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making or acquiring for its own account loans and other
extensions of credit such as are made or acquired by a
finance company; servicing loans and other extensions
of credit; and offering credit related life insurance
and credit related accident and health insurance;
credit related property insurance will not be offered
in the State of Kentucky; such activities will include,
but not be limited to, purchasing installment sales finance contracts, making loans and other extensions of
credit to small businesses, making loans secured by
real and personal property, and offering credit related
life and credit related accident and health insurance
directly related to extensions of credit made or acquired
by FinanceAmeria Credit Corporation) at 350 Elaine Drive,
Suite 205, Lexington, Kentucky, serving the entire State
of Kentucky, through its indirect subsidiary, FinanceAmerica Credit Corporation (a Delaware Corporation)
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making loans and extending credit, servicing loans and
other extensions of credit for itself and others, and
B
ยป
H.2, 1982 No. 22
- 27 APPLICATIONS RECEIVED-Continued
providing services incidental to such loans and extensions of credit such as are made or acquired by a finance company; such activities will include, but not
be limited to, providing funds and/or credit services
in connection with the financing of stock and floor
plan inventory of distributors and dealers of consumer
products; no credit related insurance of any type will
be offered by Sea Ray in connection with its lending
activities) at 5979 E. Livingston Avenue, Suite 210,
Columbus, Ohio, serving all fifty States and the
District of Columbia, through its proposed indirect
subsidiary, Sea Ray Credit Corporation (a proposed
Delaware Corporation) (5/25/82)
*
*
*
*
*
REPORTS RECEIVED
Current Report Filed Pursuant to Section 13 of the
Securities Exchange Act
The Cortland Savings & blueing Co.. Cortland, Ohio.
*
*
*
*
*
PETITIONS FOR RULEMAKING
None.
@FedFRASER