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RESEARCH LIBRARY
ANNOUNCEMENT

H.2, 1990, No. 18
ins of the Board, its Staff, and
h
oi
the Federal Reserve Banks;
BOARD OF GOVERNOR
OF THE
FEDERAL RESERVE $^lications arK^ Reports Received
FEDERAL RESERVE SYSTEM CFG LEYEUDOring the Week Ending May 5, 1990

J

ZI IO H W

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

SANK HOLDING COMPANIES
Citicorp, New York, New York — to acquire the
merchant credit card processing assets of FCC
National Bank, Wilmington, Delaware.
Approved, May 2, 1990.
Liberty National Bancorp, Inc., Louisville, Kentucky
— to underwrite and deal in municipal revenue
bonds; mortgage-related securities; commercial
paper; and consumer-receivable-related securities
to a limited extent, and to purchase and sell
securities as a riskless principal through BankerTs
Investment Group, Louisville, Kentucky.
Approved, April 30, 1990.
Marshall & Ilsley Corporation, Milwaukee, Wisconsin
— to acquire Central Federal Bank, F.S.B, Ripon,
Wisconsin, and to merge CFB into M&I Ripon State
Bank.
Approved, May 2, 1990.
Sanwa Bank, Limited, Osaka, Japan — to underwrite
and deal in municipal revenue bonds;
mortgage-related securities; commercial paper; and
consumer-receivable-related securities to a limited
extent, and to engage in full service brokerage
activities through Sanwa-BGK Securities, L.P., New
York, New York.
Approved, May 2, 1990.
Security Pacific Corporation, Los Angeles, California
— to engage in expanded leasing activities through
Security Pacific Leasing Corporation, San
Francisco., California.
Approved, April 30, 1990.
ENFORCEMENT
Commerce Bank Plano, Plano, Texas — order of
prohibition against Sam M. Thomas, III, a former
officer and director.
Authorized, April 30, 1990.
FORMS




Agreement of Domestic and Foreign Nonmember Banks
(FR T “1 and FR T - 2 — extension.
.^
Proposed, April 30, 1990.

H.2
APRIL 29, 1990
PAGE 2

TO

MAY 4, 1990

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

FORMS




Government Securities Broker or Dealer Activities by
Financial Institutions (FR G-FIN), and Termination
of Government Securities Broker or Dealer
Activities by Financial Institutions (FR G-FINW) —
extension with revision.
Proposed, April 30, 1990.
Government Securities Dealers Reports (FR 2004A, B,
C, and D) — extension with revision.
Proposed, May 1, 1990.
National Survey of Currency Quality Perceptions
(FR 3061) — one-time survey.
Proposed, April 30, 1990.
Primary Dealer Profit Center Report (FR 2002) —
extension.
Proposed, May 1, 1990.
Senior Loan Officer Opinion Survey on Bank Lending
Practices (FR 2018) — extension with revision.
Proposed, April 30, 1990.

H.2
APRIL 29, 1990
PAGE 3

TO

MAY 4, 1990

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

FORMS
Uniform Application for Municipal Securities
Principal or Municipal Securities Representative
Associated with a Bank Municipal Securities Dealer
(FR MSD-4) and the Uniform Termination Notice for
Municipal Securities Principal or Municipal
Securities Representative Associated with a Bank
Municipal Securities Dealer CFR MSD-5) — extension
with revision.
Proposed, April 30, 1990.
REGULATIONS AND POLICIES
Regulation BB — new procedures for preparation and
public disclosure of CRA evaluations.
Approved, May 2, 1990.
RESERVE BANK SERVICES




Payments system risk reduction program — penalty fee
on overdrafts by Edge corporations and bankers7
banks.
Proposed, May 2, 1990.
Payments system risk reduction program —
risk reduction policies.
Approved, May 2, 1990.

certain

H.2

APRIL 29# 1990
PAGE 4

TO

HAY 4# 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS * BS&R - Banking Supervision and Regulation; CftCA - Consuaer and
Coaaunity Affairs; FOMC - Federal Open Market Coaaittee; FRBO - Federal Reserve
Bank Operations; GC - General Counsel; ZF - International Finance; OSDM - Office
of Staff Director for Manageaent
I M K BRANCHES, DOMESTIC
San Francisco

First Interstate Bank of California, Los Angeles,
California — to establish a branch at 1700
Surveyor Avenue, Sini Valley, California.
Approved, April 29, 1990.

San Francisco

First Interstate Bank of California, Los Angeles,
California — to establish a branch at 850 West
March Lane, Stockton, California.
Approved, May 3, 1990.

San Francisco

Silicon Valley Bank, San Jose, California — to
establish a branch in the Irvine Business Complex,
in the vicinity of the intersection of the San
Diego Freeway (1-405) and Von Karaan Avenue,
Irvine, California.
Approved, Hay 4, 1990.

Atlanta

SouthTrust Bank of Tanpa, Taapa, Florida — to
establish a branch at Cypress Creek Village, Sun
City, Florida.
Approved, May 4, 1990.

tm mms




companies

Chicago

Albany Bancshares, Inc., Albany, Illinois — to
engage de novo in credit related insurance.
Permitted, May 4, 1990.

Kansas City

American Merchants Bancorp, Inc., Laguna Hills,
California — to acquire Centennial National Bank,
Englewood, Colorado.
Returned, May 1, 1990.

Chicago

Ashton Bancorporation, Inc., Ashton, Illinois —
engage de novo in insurance activities.
Returned, May 1, 1990.

Cleveland

Bane One Corporation, Columbus, Ohio — to acquire
First State Federal Savings Association, San
Antonio, Texas.
Approved, May 4, 1990.

to

H.2
APRIL 29, 1990
PAGE 5

TO

MAY 4, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Staff Director
BS&R

Banc One Corporation, Columbus, Ohio — to purchase
the assets and assume the liabilities of Banc One
San Antonio Federal Savings Bank, San Antonio,
Texas.
Approved, May 4, 1990.

Cleveland

Bourbon Bancshares, Inc., Paris, Kentucky — to
acquire Kentucky Bank F.S.B., Georgetown, Kentucky.
Withdrawn, May 1, 1990.

Dallas

Central Texas Bancshares, Inc., Austin, Texas —
acquire Georgetown National Bank.
Approved, May 3, 1990.

Chicago

Comerica Incorporated, Detroit, Michigan — to engage
de novo in management consulting to depository
institutions.
Permitted, May 4, 1990.

Kansas City

Consolidated Equity Corporation, Norman, Oklahoma —
to acquire First American Bank and Trust Co.,
Purcell, Oklahoma.
Approved, April 30, 1990.

Richmond

First Maryland Bancorp, Baltimore, Maryland, and
Allied Irish Banks pic, Dublin, Ireland — to
acquire Columbia National Bank, Washington, D.C.
Approved, May 2, 1990.

Kansas City

First National of Nebraska, Inc., Omaha, Nebraska —
to acquire Circle Management Company, Kearney,
Nebraska.
Approved, May 4, 1990.

Chicago

First Sioux Bancshares, Ltd., Sioux Center, Iowa —
to engage de novo in securities brokerage, consumer
financial counseling, and insurance activities
through First Sioux Financial, Inc.
Permitted, May 3, 1990.

to

H.2
APRIL 29, 1990
PAGE 6

TO

MAY 4, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Dallas

Georgetown National Holding Company* Inc.*
Georgetown* Texas — to acquire Central Texas
Bancshares* Inc., Austin* Texas* and Georgetown
National Bank.
Approved* May 3* 1990.

Chicago

Honor Bancorp* Inc.* Honor* Michigan —
The Honor State Bank.
Approved* May 2* 1990.

Chicago

Joseph & Bessie Feinberg Foundation* Chicago*
Illinois — to acquire Jefferson Holding Corp.* and
Jefferson State Bank* Park West Tower, and Park
West Coin-Op.
Returned* May 2* 1990.

S t . Louis

River Bend Bancshares* Inc.* East Alton, Illinois —
to engage in the operation of a savings association
through Interim Federal Savings and Loan.
Permitted* May 4* 1990.

Staff Director
BS&R

River Bend Bancshares* Inc.* East Alton* Illinois —
to purchase the assets and assume the liabilities
of Interim Federal Savings and Loan.
Approved* May 4* 1990.

GC

Security Bank Shares* Flower Mound* Texas —
determination that sale of Security Bank
constitutes effective divestiture.
Granted* April 30* 1990.

Atlanta

SouthTrust Corporation* Birmingham* Alabama — to
establish SouthTrust Federal Savings Bank in order
to acquire certain assets and assume certain
liabilities of Guaranty Federal Savings and Loan
Association* and to merge Guaranty Federal into
SouthTrust Bank of Alabama* N.A.* SouthTrust Bank
of Huntsville* Huntsville; SouthTrust Bank* N.A.*
Montgomery* Montgomery; and SouthTrust Bank of
Mobile* Mobile* Alabama.
Approved* May 4* 1990.

to acquire

H.2
APRIL 29, 1990
PAGE 7

TO

MAY 4, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Staff Director
BS&R

SouthTrust Corporation, Birmingham, Alabama —
proposal that SouthTrust Bank of Alabama, N.A.,
Birmingham; SouthTrust Bank of Huntsville, N.A.,
Huntsville; SouthTrust Bank, N.A., Montgomery; and
SouthTrust Bank of Mobile, Mobile, purchase the
assets and assume the liabilities of SouthTrust
Federal Savings Bank, Birmingham, Alabama.
Approved, May 4, 1990.

Atlanta

Synovus Financial Corp., Columbus, Georgia — to
engage de novo in consumer financial counseling
activities through Synovus Securities, Inc.
Permitted, May 3, 1990.

Cleveland

Tonti Financial Corporation, Columbus, Ohio — to
acquire Marietta Franklin Securities Corporation,
Columbus, Ohio, and Pioneer Savings and Loan,
Marietta, Ohio.
Returned, May 3, 1990.

Dallas

Valley - Hi Investment Company, San Antonio, Texas —
to acquire First State Bank, Bandera, Texas.
Returned, May 4, 1990.

Chicago

Wellington Bancorp, Inc., Springfield, Illinois — to
engage de novo in credit related insurance through
Community Bank, Hoopestown, Illinois.
Permitted, May 2, 1990.

BANK PREMISES
Richmond

Pee Dee State Bank, Timmonsville, South Carolina —
investment in bank premises.
Approved, May 4, 1990.

CAPITAL STOCK




Kansas City

H. Pat Henson Company, Inc., Maysville, Oklahoma —
redemption of shares.
Approved, May 2, 1990.

Chicago

Miles Service Corporation, Miles, Iowa —
of shares.
Approved, May 2, 1990.

redemption

K.2
APRIL 29, 1990
PAGE 8

TO

MAY 4, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

CHANGE IN BANK CONTROL
Secretary

First Interstate BancSystem of Montana, Inc.,
Billings, Montana — change in bank control.
Permitted, April 30, 1990.

Dallas

First National Bancorporation of Ennis, Inc., Ennis,
Texas — change in bank control.
Returned, May 2, 1990.

Kansas City

First Poteau Corporation, Poteau, Oklahoma —
in bank control.
Permitted, April 30, 1990.

change

Dallas

JBI Financial Corporation, Jena, Louisiana —
in bank control.
Permitted, April 30, 1990.

change

COMPETITIVE FACTORS REPORTS




Minneapolis

Americana Bank, Edina, Minnesota, proposed merger
with Americana Bank, Alden; Americana Bank, Danube;
and Americana Bank, Hayward, Minnesota — report on
competitive factors.
Submitted, May 1, 1990.

Kansas City

Equity Bank for Savings, F.A., Oklahoma City,
Oklahoma, proposed acquisition of the assets and
assumption of the liabilities of four branches
located in El Reno, Yukon, and Shawnee of The Globe
Savings Bank, F.S.B., El Reno, Oklahoma.
Submitted, May 3, 1990.

Dallas

First Bank, Navasota, Texas, proposed merger with
First Bank, Fairfield, Texas — report on
competitive factors.
Submitted, May 1, 1990.

Richmond

First Federal Savings and Loan Association of
Georgetown, Georgetown, South Carolina, proposed
merger with Carolina First Interim Savings Bank,
FSB, Greenville, South Carolina — report on
competitive factors.
Submitted, May 3, 1990.

H.2
APRIL 29, 1990
PAGE 9

TO

MAY 4, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




San Francisco

First Federal Savings Bank of California, Santa
Monica, California, proposed purchase of assets and
assumption of liabilities of the Los Angeles Branch
of Encino Savings Bank, Van Nuys, California —
report on competitive factors.
Submitted, April 30, 1990.

Atlanta

First Gwinnett Bank, Norcross, Georgia, proposed
merger with First Gwinett Interim Corporation —
report on competitive factors.
Submitted, May 2, 1990.

New York

First National Bank of Moravia, Moravia, New York,
proposed merger into The Merchants National Bank &
Trust Company of Syracuse, Syracuse, New York —
report on competitive factors.
Submitted, May 3, 1990.

S t . Louis

Jasper County Savings and Loan Association of Newton,
Newton, Illinois, proposed merger with Olney
Savings and Loan Association of Olney — report on
competitive factors.
Submitted, May 4, 1990.

Richmond

Jefferson National Bank, Charlottesville, Virginia,
proposed merger with Jefferson National
Bank/Tidewater, Chesapeake, Virginia — report on
competitive factors.
Submitted, May 2, 1990.

Richmond

Mutual Federal Savings and Loan Association, Elkin,
North Carolina; proposed merger with Mutual Federal
Interim Savings and Loan Association; Western
Carolina Savings & Loan Association, Inc., Valdese;
and Western Carolina Interim Savings & Loan
Association, Inc. — report on competitive factors.
Submitted, May 3, 1990.

Chicago

Pembine - Wausakee Bank, Crivitz, Wisconsin, proposed
merger with citizens Bank of Goodman, Goodman,
Wisconsin — report on competitive factors.
Submitted, May 3, 1990.

H.2
APRIL 29, 1990
PAGE 10

TO

MAY 4, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Minneapolis

State Bank of Phillips, Phillips, Wisconsin, proposed
merger with the Park Falls State Bank, Park Falls,
Wisconsin — report on competitive factors.
Submitted, May 3, 1990.

Chicago

Union Federal Savings Bank of Indianapolis,
Indianapolis, Indiana, proposed merger with Union
Federal Savings Bank — report on competitive
factors.
Submitted, May 3, 1990.

Boston

Waltham Savings Bank, Waltham, Massachusetts,
proposed purchase of certain assets and assumption
of certain liabilities in the 256 Moody Street, and
16 Boston Post Road, Wayland, Massachusetts
branches of First Mutual Bank For Savings, Boston,
Massachusetts — report on competitive factors.
Submitted, May 3, 1990.

EXTENSIONS OF TIME




Chicago

Bancpal, Inc., Palatine, Illinois — extension to
August 6, 1990, to acquire Bank of Palatine.
Granted, May 4, 1990.

Secretary

Bank Holding Company Reporting Requirements —
extension of the comment period to May 31, 1990,
for proposed revisions to forms FR Y-9C, FR Y-9LP,
FR Y-9SP, FR Y-11Q, and FR Y-11AS.
Granted, May 3, 1990.

Atlanta

BankersTrust of Alabama, Inc., Madison, Alabama —
extension to July 1, 1990, to acquire Bankers Trust
of Madison.
Granted, May 2, 1990.

Philadelphia

Central Bank, Hollidaysburg, Pennsylvania —
extension to October 2, 1990, to establish a branch
office at the intersection of Theatre Drive and
Eisenhower Boulevard in Richland Township,
Johnstown, Pennsylvania.
Denied, May 3, 1990.

H.2
APRIL 29, 1990
PAGE 11

TO

MAY 4, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME




Kansas City

Farmers State Bank Corporation, of Fort Morgan, Fort
Morgan, Colorado — extension to June 26, 1990, to
acquire The Farmers State Bank.
Granted, May 1, 1990.

S t . Louis

First Commercial Corporation, Little Rock, Arkansas
— extension to June 15, 1990, to acquire ABT
Bancshares Corporation, Hot Springs, Arkansas, and
Arkansas Bank and Trust Company.
Granted, April 30, 1990.

Cleveland

F.N.B.Corporation, Hermitage, Pennsylvania, extension
to July 31, 1990, to acquire Emclaire Financial
Corp., Emlenton, Pennsylvania.
Granted, May 2, 1990.

Boston

Institution For Savings In Newburyport And Its
Vicinity, Newburyport, Massachusetts — extension
to August 2, 1990, to acquire First and Ocean
Bancorp.
Granted, May 2, 1990.

H.2
APRIL 29, 1990
PAGE 12

ADDITIONS AND CORRECTIONS
TO

MAY 4, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK PREMISES
New York

Chemical Bank, New York, New York —
bank premises.
Approved, April 27, 1990.

investments in

CHANGE IN BANK CONTROL
San Francisco

Capital Bancorp, Salt Lake City, Utah —
bank control.
Returned, April 26, 1990.

change in

COMPETITIVE FACTORS REPORTS




Secretary

La Jolla Bank & Trust Company, La Jolla, California,
proposed merger with Security Pacific National
Bank, Los Angeles, California — report on
competitive factors.
Submitted, April 6, 1990.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Comment Period Ending Date

Application
NONE

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

Comment Period Ending Date
04-

Home Port Bancorp, Inc.,
Newspaper
Nantucket, Massachusetts 3 (a) (3)/3 (a) (5)
Federal Register
applications to acquire
Martha's Vineyard Bancorp,
Inc., Vineyard Haven,
Massachusetts and Martha's
Vineyard National Bank,
Vineyard Haven, Massachusetts*

08-90

05-29-90

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application

Comment Period Ending Date

The Royal Bank of Scotland Federal Register
Group pic, Edinburgh,
United Kingdom - 4(c) (8)
application for prior
approval to engage
indirectly through its
wholly owned subsidiaries
Charterhouse Inc., Charterhouse North American
Securities, Inc., and
Charterhouse Properties,
Inc., in certain nonbanking
activities, to acquire
a partnership interest
in a de novo general
partnership, Continental
Partners, and to engage
indirectly through
Continental Partners in
certain nonbanking
actitivies




Not Yet Established

First Regional Bancorp,
Federal Register
Inc.,
Hartford, Connecticut
- 4 (c)(8) application to
engage in the private
placement of debt and equity
securities and to provide
merger and acquisition
advice and services through
First Regional Investoorp,
Inc., Hartford, Connecticut

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
Chemical Bank, New York, New York to establish
a branch at 395 North Service Road, Melville,
New York.l/

5/25/90

FNB Rochester Corp., Rochester, New York to acquire
REMS, Inc., Rochester, New York, a company engaged
in mortage banking.

5/6/90

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Steuben Trust Corp., Homell, New York to became a bank
holding company with respect to Steuben Trust Ccmpany,
Homell, New York.l/
5/11/90 2/
Amsterdam-Rotberdam Bank, Amsterdam, the Netherlands
and its parent, Stichting Amro, to become bank holding
companies by acquiring more than 50% of the shares of
European American Bancorp, New York, New York, itself
a bank holding ccmpany.
[This represents an amendment
to the original application.]!/

5/21/90 2/

Stamford Bank Corp., Stamford, New York to become
a bank holding ccmpany with respect to The National
Bank of Stamford, Stamford, New York.l/

5/16/90 2/

Banco Bilbao Vizcaya, S.A., Bilbao, Spain to acquire
48 percent of the voting shares of New Mexico Banquest
Investors Corporation, Santa Fe, New Mexico.1/

6/2/90 3/

SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Ccmpagnie Financiere de Suez and Banque Indosuez,
both of Baris, France to engage through their indirect
subsidiary, Carr Futures Inc., in discount brokerage
activities.
Deutsche Bank AG, Frankfurt, Germany to retain up to
100 percent of the voting shares of the United States
subsidiaries of Morgan Grenfell pic and thereby to




N/A

engage in underwriting and dealing in securities and
privately placing all types of securities (including
riskless principal transactions), and in full service
brokerage and certain financial advisory activities.

N/A

Ccmpagnie Financiere de Suez and Banque Indosuez,
both of Paris, France to engage through their
subsidiary, Indosuez International Investment
Services, Paris, France, in serving as the
investment adviser to a closed-end investemnt
company registered under the Investment Company
Act of 1940.

5/7/90

National Bank of Canada, Montreal, Canada, to acquire
through its subsidiary, National Canada Corporation
1987, New York, New York, certain assets and
liabilities of Bank of New England, N.A., Boston,
Massachusetts and its subsidiary, New England
Commercial Finance Corp.

5/8/90

The Bank of Nova Scotia, Toronto, Canada to engage
through its subsidiary, ScotiaMcleod (USA) Inc.,
New York, New York, in acting as agent in the private
placement of all types of securities and to buy and
sell all types of securities on the order of investors
as riskless principal.

5/15/90

Bankers Trust New York Corporation, New York, New York
to engage through its subsidiary, BT Futures
Corporation, New York, New York, in providing foreign
exchange advisory and transactional services and in
rendering investment advice on finanical futures and
options on futures.

5/14/90

Amsterdam Rotterdam Bank and Stichting Amro, both
of Amsterdam, the Netherlands, to engage through
their de novo subsidiary, Amro Securities Corp.,
New York, New York, in underwriting and dealing in
bank-eligible and certain bank-ineligible debt
securities, private placement activities, securities
brokerage activities, and investment and financial
advisory services.

5/21/90

SECTION IV
Applications Not Involving
______ Public Comment______
None.

1/
2/
3/

4/




Subject to provisions of Ccmnunity Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
N/A - Not Available
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.

FED ERA L R E S E R V E BANK OF P H IL A D E L P H IA

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
Berks County Bank, Reading, PA seeks approval
to establish a branch office at Gibraltar Road
and U.S. Route 422, Exeter Township, Berks
County, PA pursuant to Section 9 of the Federal
Reserve Act.

5/30/90

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
Phoenix Bancorp, Inc., Minersville, PA request
permission for Vincent J. Land to aquire up to
13.73% of capital stock of Phoenix Bancorp, Inc.
pursuant to the Change in Bank Control Act.
Newspaper:
Federal Register:

N/A*
N/A*

Newfield Bancorp, Inc., Newfield, New Jersey to
become a bank holding company by acquiring 100%
of First National Bank in Newfield, Newfield,
New Jersey, pursuant to Section 3(a)(1) of the
Bank Holding Comapany Act.
Newspaper:
Federal Register:

5/26/90
N/A*

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
Univest Corporation of Pennsylvania, Souderton,
PA to acquire 100% of the voting shares of
Pennview Savings Association, Souderton, PA,
pursuant to Section 4(c)(8) of the Bank Holding
Company Act.

5/25/90

Brvn Mawr Bank Corporation, Bryn Mawr, PA to
establish Profit Research Consulting, Inc., Bryn
Mawr, PA to engage in management consulting services
for nonaffiliated depository institutions, pursuant
to Section 4(c)(8) of the Bank Holding Company Act.

5/25/90




FEDERAL R E S E R V E BANK OF P H ILA D ELP H IA

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None.

1/

*

Subject to provisions of Community Reinvestment Act.
N/A - not yet available.




Applications Bulletin
For W e e k Ending May 5, 1990

SECTION I ~ APPLICATIONS SUBJECT TO N E W S P A P E R
NOTICE ONLY
APPL I C A T I O N

COMMENT PERI O D ENDING

R eceived application on May 3, 1990 from
Ohio Citizens Bank, Toledo, Ohio, for
permission to establish a CBCT branch
at 26625 North Dixie Highway, Perrysburg,
Ohio.

* Not Yet Known #

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSP A P E R AND FEDERAL REGISTER NOTICE
R eceived Notice of Change in Bank Control
on May 4, 1990 from Warburg, Pincus & Co.;
E.M. Warburg, Pincus & C o . ; Warburg, Pincus
Ventures, Inc.; Pincus Capital Partners, L.P.;
Lionel I. Pincus and John L. Volgelstein
(collectively, the " Applicants”) , New York,
New York, to acquire up to 17.2 percent of
the v o t ing shares of Mell o n Bank Corporation,
Pittsburgh, Pennsylvania.
Received Section 4(c)(8) application on May 25,
April 25, 1990 from F.N.B. Corporation,
Hermitage, Pennsylvania, to acquire
Dollar Savings Association, New Castle,
Pennsylvania.

Not Yet Known #

1990

SECTION III - APPLICATIONS SUBJECT TO FE D E R A L R E G I S T E R
NOTICE ONLY
None

SECTION IV - APPLICATIONS NOT SUBJECT TO F EDERAL R E G I S T E R NOTICE
OR NEWSPAPER NOTICE
None

*
#
N
F

-

Subject to CRA
Expected to end approximately 30 days from the date of receipt
Newspaper Comment Period
Federal R egister Comment Period




Federal Reserve Bank of Richmond

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
Application

Comment Period Ending Date

Eugene J. Metzger Change in Control with
respect to Ballaston Bancorp, Inc.,
Arlington, Virginia.*
**

5-25-90

Key Centurion Bancshares, Inc., Charleston,
West Virginia, to acquire The Farmers and
Citizens State Bank, Clendenin, West Virginia.*
United Bankshares, Inc., Charleston, West
Virginia, to acquire BankFirs Corp. , McLean,
Virginia.

6-2-90

Not yet available.

Section III - Applications Subject to Federal Register Notice
Comment Period Ending Date

Application
Dominion Bankshares Corporation, Roanoke,
Virginia, to organize a community develop­
ment corporation.**
Sovran Financial Corporation, Richmond,
Virginia, to engage in private placement
activities.

5-25-90

Not yet available.

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.




Federal R e s e rv e Bank of Atlanta
A p p l i c a t i o n s B u l l e t i n for Meek Ending May 4.
Section

I - Applications

Subject

to N e w s p a p e r

1990
Notice

Only

A p p l i c a t io n
Central Bank of the South
0 5 - 0 8 - 9 0 (CRA)
Bi r m i n g h a m , A l a b a m a
Newspaper
To e s t a b l i s h a branch o f fi ce at 28000 U .S . Highway 98, D a ph ne , A l a b am a,
be known as the D a p h n e Branch.

to

S e c t i o n II - A p p l i c a t i o n s Subject To Both
N e w s p a p e r and Federal Register N o t i c e
Application

Comment P e r i o d

V a l l e y B a n c s h a r e s , Inc.
Russellville, Alabama
1-BHC f o rm at io n. V a l l e y State Bank,

Russellville,

Ending

D a te

Alabama.

The P e o p l e s H o l d i n g C o m p a n y
Fort W a l t o n Beach, Florida
1-BHC fo r m a t i o n . P e o p l e s Federal Savings Bank, Fort W a l t o n Beach, Florida,
and conv er t it to a co mm e r c i a l bank to be known as C o m m u n i t y & P e o p l e s
State Bank, Fort W a l t o n Beach, Florida.

A m e r i c a n City Ba ncorp, Inc.
Tu ll a h o m a , T e n n e s s e e
A f t e r - t h e - f a c t ch a n g e in control by Sam Sawyer to re t a i n 4.65 p e r c e n t of
the o u t s t a n d i n g sh ar es of co mm on stock that increased his o w n e r s h i p from
9.80 pe rc en t to 14.45 percent.
Nr. Sawyer's increase in o w n e r s h i p is the
result of a stoc k r e de mp ti on .

Section

III

- Applications

Subject

to Federal

Register

Notice

On l y

Application
Forest B a n c o r p
05-25-90
Forest, M i s s i s s i p p i
To en g a g e de n o vo in p r o v i d i n g ma na ge me nt co nsulting a d v i c e to n o n a ff i l iated
banks and n o n b a n k d e p o s i t o r y instit ut io ns through B a n k e r s S e r v i c e s Co rp oration,
Forest, M i s s i s s i p p i , pu r s u a n t to section 2 2 5 .2 5 <b ) ( 1 1 ) of R e g u l a t i o n Y.




Week Ending May 4, 1990

Federal Reserve Bank of Atlanta

Rece nt ly Approved A p p l i c a t i o n s

Application

Approval

Date

SouthTrust Corporation
05 - 0 4 - 9 0
B i r m i n g h a m , Alabama
To m e r g e G u a r a n t y Federal Savings & Loan A s s o c i a t i o n , B i r m in gh am , A l a b a m a
s u b s i d i a r i e s , into four of S o u t hT ru st 's s u b s i d i a r y banks, S o u t h T r u s t Bank
of A l a b a m a , N.A., Birmingham, Alabama, S o u t h T r u s t Bank of Huntsville, N.A.,
H u n t s v i l l e , A l ab am a, SouthTrust Bank, N.A., M o n t g o m e r y , Alabama, and
S o u t h T r u s t Bank of Mobile, Mobile, Alabama, p u r s u a n t to se ct i o n 2 2 5 . 2 5 ( b ) ( 8 )
of R e g u l a t i o n Y.

S y n o v u s F i n a n c i a l Corp.
C o l u m b u s , Geor gi a
To e n g a g e de n o v o in consumer financial c o u n s e l i n g
w h o l l y - o w n e d subsidiary, Synovus Se cu ri ti es , Inc.,
p u r s u a n t to s e c t i o n 22 5.25(b)(20) of R e g u l a t i o n Y.




05 - 0 3 - 9 0
se rv i c e s through its
Co lumbus, Georgia,

Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only

Type
Branch/24A

Application
Bankers Trust Company
Des Moines, Iowa
114th & University
Clive, Iowa*

Comment Period
Ending Date
N

- **

EFT

Bankers Trust Company
Des Moines, Iowa
Park Fair Mall, 100 E. Euclid
Des Moines, Iowa*

N

- **

EFT

Bankers Trust Company
Des Moines, Iowa
Iowa Lutheran Hospital
University at Pennsylvania
Des Moines, Iowa*

N

- **

EFT

Isabella Bank and Trust
Mount Pleasant, Michigan
1015 East Pickard Street
Mount Pleasant, Michigan*

N

- **

Branch/24A

First of America Bank - Ann Arbor
Ann Arbor, Michigan
3252 Washtenaw Avenue
Ann Arbor, Michigan*

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date

Type

Application

Y-2

Readlyn Bancshares, Inc.
St. Paul, Minnesota
Tripoli Bancshares, Inc.
St. Paul, Minnesota
American Savings Bank
Tripoli, Iowa*

FR - 3-23-90
N - 5-10-90

Y-2

Marshall & Ilsley Corporation
Milwaukee, Wisconsin
M&I Bank of Oconomowoc (in organization)
Oconomowoc, Wisconsin*

FR - 4-13-90
N - 5-5-90

CoC-HC

Gillespie Bancshares, Inc
De Soto, Wisconsin
Paul E. Schams

FR - 4-19-90
N - 5-24-90




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date

Type

Application

Y-2

Midlothian State Bank Employees Stock
Ownership Trust
Midlothian, Illinois
Midlothian State Bank
Midlothian, 111inois *

FR - 5-16-90
N - 5-12-90

CoC-HC

Arthur Bancshares Corp.
Arthur, Illinois
D. Jurgens; J. Winningham & J. Jurgens,
as Trustee of Ervin L. Jurgens

FR - **
N - 5-20-90

Y-l

Financial Center Corporation
Holland, Michigan
Paragon Bank (in organization)
Holland, Michigan*

FR - **
N - **

CoC/HC

Dulaney Bancorp, Inc.
Marshall, Illinois
Steven S. Nichols, Katherine Nichols,
Alexander T. Nichols, Ann-Stewart K.
Nichols, Melissa M. Nichols
and Trevor McKinley Nichols

FR - **
N - 5-15-90

Y-l

Central Banc, Inc.
Geneseo, Illinois
Central Trust & Savings Bank of Geneseo
Geneseo, Illinois*

FR - **
N - **

Y-l

Enterprise Financial Corp.
Brown Deer, Wisconsin
Enterprise Bank (in organization)
Brown Deer, Wisconsin*

FR - **
N - **

Y-l

NI Bancshares Corporation
Sycamore, Illinosi
The National Bank & Trust Company
of Sycamore
Sycamore, Illinois*

FR - **
N - **

Section III - Applications Subject to Federal Register Notice
Only

Type

Application

Y-4

West Suburban Bancorp, Inc.
Lombard, Illinois
Aurora Federal Savings Bank, F.S.B.
Aurora, Illinois




Comment Period
Ending Date
FR - 5-11-90

Federal Reserve Bank of Chicago

Section III - Applications Subject to Federal Register Notice
Only
Continued
Comment Period
Ending Date

Type

Application

4(c)(8)

Central-State Bancorp, Inc.
Frankfort, Michigan
Make and sell fixed rate mortgage in
secondary mortgage market through
Central State Service Corp.
Beulah, Michigan

PR - 5-14-90

4(c)(8)

KSAD, Inc.
Council Bluffs, Iowa
Make and service loans

FR - 5-21-90

4(c)(8)

Ashton Bancorporation, Inc.
Ashton, Illinois
Sell life, health, property and
casualty insurance and annuities

FR - 5-25-90

Y-4

Oxford Financial Corporation
Addison, Illinois
Make and service loans through
Hampton Park Corporation
Romeovi1le, 111inois

FR - 5-25-90

Section IV - Applications Not Subject to Federal Register Notice
Or Newspaper Notice
Type

Application

RoS

Dulaney Bancorp, Inc.
Marshall, Illinois
To redeem 11,022 of the outstanding shares

N
FR
*
**

-




Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time

May 4, 1990

Federal Reserve Bank of St. Louis

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

Comment Period Ending Date

Change in Control notification
involving Reelfoot Bancshares,
Inc., Union City, Tennessee, by
Reelfoot Bank Employee Stock
Ownership Plan, Union City, Tennessee

(Not available)

^Section 3(a)(3) application by
Montgomery County Bancshares, Inc.,
Little Rock, Arkansas, to acquire
Junction City Holding Company,
Junction City, Arkansas

(Newspaper 5-31-90)

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None.
*This application is subject to CRA.




FEDERAL R ESER V E BANK OF M IN N EAPOLIS

Section I - Applications Subject to
Newspaper Notice Only

Co m m e n t Period
Endincr Date

Application
None.

Section II - Applications Subject to Both
Newspaper and Federal Register No t i c e
Comment Period
Endincj Date

Application
Century Bancshares, Inc.
Eden Prairie, MN
To acquire Century Bank,
Eden Prairie, MN*

5-25
(Federal Register)
N.A.,

Nichols Financial, Inc.
Sun Fish Lake, MN
To acquire First State Bank
of Storden, Storden, MN*

Not yet available

Twin Co., Inc.
Twin Bridges, MT
To acquire Bank of Sheridan
Sheridan, MT*

Not yet available

Kenneth Kohler, Robert T. Olson,
and Curtis Richman
To acquire First Hawley Bancshares,
Inc., Hawley, M N

Not yet available




FEDERAL RESERVE BANK OF M INNEAPOLIS

Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Appl i c a t i o n
Dakota Bankshares, Inc.
Fargo, ND
To a cquire Pacific Southwest
Financial Service, Inc.
Phoenix, AZ

Not yet available

B i s m a r c k Bancshares, Inc.
Bismarck, N D
To engage in providing consultation
to v a r i o u s B a n k and Investment Centers
of A m e r i c a regarding the arrangements for
the e s t a b l i s h m e n t of investment centers at
the ban k

Not yet available

Section IV - Applications Not Subject to
Federal Reserve Notice or Newspaper Notice
Application
F i r s t H a w l e y Bankcshares, Inc.
Hawley, M N
To r e d e e m 20% of its voting shares

* Subject to CRA




Federal Reserve Bank o f Kansas City

SECTION

I ~ A P P L I C A T I O N S SUBJECT TO N E W S P A P E R
N O T I C E ONLY

APPLICATION

C O M MENT P E R I O D E N D I N G D A T E

None.
S E C T I O N II - A P P L I C A T I O N S SUBJECT TO B O T H
N E W S P A P E R A N D F E D ERAL R E G I S T E R N O T I C E
APPLICATION

COMMENT P E RIOD ENDING DATE

D a v i d C. an d O n e i d a Sue Maysey,
Canute, O k l a h o m a , to incre 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 interest in
C a n u t e B a n c s h a r e s , Inc., Clinton,
O k l a h o m a , by 29.66 p e r c e n t to 54.79
percent.

Not A v a i l a b l e

C o u n t r y Bank Shares, Inc., Milford,
N e b r 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 100 p e r c e n t of the v o t i n g
s h a r e s of H o m e State Bank, Beaver
Crossing, Nebraska.*

Not A v a i l a b l e

C i t i z e n ' s N a t i o n a l Corpor a t i o n ,
W i s n e r , N e b r a s k a , for a p p r o v a l to
a c q u i r e an d m e r g e with L e i g h
C o r p o r a t i o n , Leigh, Nebraska, parent
of Bank of Leigh, Leigh, Ne b r a s k a . *

April

24,

1990

H e r b e r t W. Alber t s , Jr., et. al.,
W i s n e r , N e b r a s k a , for prior approval
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 in C i t i z e n s N a t i o n a l
C o r p o r a t i o n , Wisner, Nebraska, to
72.05 p ercent.

April

19,

1990

J o h n Dugan, Wichi t a , Kansas; J o h n
Daley, G a r d e n City, Kansas; Patrick
Regan, W i c h i t a , Kansas; W i l l i a m
H i g g i n s , Wichi t a , Kansas; M e l v i n
W i n g e r , Johns o n , Kansas; R. D. Floyd,
S y r a c u s e , Kansas; Paul Dugan,
W i c h i t a , Kansas; P a t r i c k Regan, Jr.,
W i c h i t a , Kansas; G l e n n Dugan,
G o d d a r d , Kansas; and L a r r y Carney,
W i c h i t a , Kansas; to a c q u i r e 100
p e r c e n t of A m e r i c a n N a t i o n a l
B a n c s h a r e s of Wichita, Inc., Wichita,
Kansas.

April

19,

1 990




Federal Reserve Bank o f Kansas City

April

24,

1990

A m e r i c a n M e r c h a n t s Bancorp, Inc.,
L a g u n a H i l l s , California, for p r ior
a p p r o v a l to b e c o m e a bank holding
c o m p a n y t h r o u g h the acquisition of 99
p e r c e n t of the v oting shares of
C e n t e n n i a l N a t i o n a l Bank, Englewood,
Colorado.*

April

30,

1990

B. D. F a i r c h i l d , Tonkawa, Oklahoma,
for p r i o r a p p r o v a l to increase his
o w n e r s h i p i n t e r e s t in Service
B a n c s h a r e s , Ltd., Tonkawa, Oklahoma,
by 1 0 . 1 7 5 p e r c e n t to 21.5850 percent.

April

24,

1990

C o l u m b u s C orp., Stanley, Kansas,
p r i o r a p p r o v a l to acquire 98.65
p e r c e n t of the voting shares of
S t a n l e y Bank, Stanley, Kansas.*

SECTION

III

for

- APPLICATIONS S U B J E C T TO F E D E R A L R E G I S T E R
NOTICE O N L Y
COMMENT PERIOD ENDING DATE

APPLICATION
None.

S E C T I O N IV - AP P L I C A T I O N S NOT S U B J E C T TO F E D E R A L R E G I S T E R N O T I C E
OR NEWS P A P E R N O T I C E
APPLICATION
None.

*Application




is subject

to CRA.

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF APRIL 30, 1990

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
** NOTICE EXP

APPLICATION
Change in Control Notice by
Fred S. Neumann, Dallas, TX, to acquire an
interest in Southeast Bancshares, Inc., Dallas, TX

90/05/05

Change in Control Notice by
Bobby Lynn Walker and Billy Joe Walker, El Paso, TX,
to acquire an interest in Continental National
Bancshares, Inc., El Paso, TX

90/04/26

♦Section 3(a)(3) application by
First Fabens Bancorporation, Inc., Fabens, TX, to
acquire Bancshares of Ysleta, Inc., El Paso, TX, and
Bank of Ysleta, El Paso, TX

90/05/31

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.

* 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 IRANCXSOO

Week ending 5/04/90
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
First Hawaiian, Inc., Honolulu, Hawaii, to
acquire First Interstate of Hawaiia, Inc.,
Honolulu, Hawaii. *
Cascade Bancorp, Bend, Oregon, to become a
bank holding company through the acquisition
of 100 percent of Bank of the Cascades,
Bend, Oregon. *

Fed. Rea.:

5/21/90

Newspaper:

Not available

Fed. Rea.:

5/25/90

Newspaper:

Not available

Section III - Applications Subject to Federal Register Notice Only
Ihe Dai-Ichi Kangyo Bank, Ltd., Tokyo, Japan,
to engage in Futures Commission Merchant
and Futures advisory activities through a
yet-to-be named subsidiary.

Fed. Rea.: Not yet published

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None

* Subject to CRA.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102