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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.
@FedFRASER