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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1988, No. 19 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending May 7, 1988. ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Budget and expenses of the Board for 1988 — statement by Governor Kelley, with additional commentary by Governor Angell on budgets of the Federal Reserve Banks for 1988 and System initiatives, before the Subcommittee on Domestic Monetary Policy of the House Committee on Banking, Finance and Urban Affairs, May 3, 1988. Published, May 3, 1988. BANK HOLDING COMPANIES Citizens Financial Group, Inc., Providence, Rhode Island — to acquire Fairhaven Savings Bank, Fairhaven, Massachusetts• Approved, May 2, 1988. Napa Valley Bancorp, Napa, California -- to acquire Sonoma Valley Bank, Sonoma, California, and Bank of Lake County, Lakeport, California, proposed new banks. Approved, May 2, 1988. Sovran Financial Corporation, Norfolk, Virginia — to engage in certain securities - related activities through Sovran Investment Corporation, Richmond, Virginia. Approved, May 2, 1988. GENERAL ACCOUNTING OFFICE International banking — comments on a draft report of the General Accounting Office on Competitive Concerns of Foreign Financial Institutions in Japan, the United Kingdom, and the United States. Authorized, May 2, 1988. REGULATIONS AND POLICIES Regulation C — amendments to implement the permanent extension of the Hone Mortgage Disclosure Act to include mortgage banking subsidiaries of bank holding companies and savings and loan holding companies and savings and loan service corporations (Docket R-0635). Proposed, May 4, 1988. H.2 HAY 1, 1988 PAGE 2 TO HAY 6, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Chicago Bank of Pontiac, Pontiac, Michigan — branch at 103 N. Oak Street. Approved, May 6, 1988. New York Chemical Bank, New York, New York — to establish three branch offices at Montefiore Medical Center, Jack E. Weiler-Albert Einstein Hospital Division, 1825 EastChester Road, Bronx; Greenpark Care Center, 140 St. Edwards Street, Brooklyn; and Montefiore Medical Center, Henry and Lucy Moses Hospital Division, 111 East 210th Street, Bronx, New York. Approved, May 4, 1988. Chicago Chemical Bank Bay Area, Bay City, Michigan — to establish an offsite electronic facility at Wicker Hall, Campus of Saginaw Valley State University, 2250 Pierce Road, University Center, Michigan. Approved, May 3, 1988. Richmond First Virginia Bank of Tidewater, Norfolk, Virginia — to establish a branch in the 800 block of Volvo Parkway, Chesapeake, Virginia. Approved, May 5, 1988. New York Manufacturers Hanover Trust Company, New York, New York — to establish a branch at 95-25 Queens Boulevard, Rego Park, New York. Approved, May 4, 1988. Richmond Signet Bank / Virginia, Richmond, Virginia — to establish a branch at 4501 Daly Drive, Chantilly, Virginia. Approved, May 5, 1988. to establish a H.2 MAY 1, 1988 PAGE 3 TO MAY 6, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Cleveland Banc One Corporation, Columbus, Ohio — to acquire First Municipal Leasing Corporation, Denver, Colorado. Approved, May 4, 1988. Kansas City Bellevue Capital Co., Bellevue, Nebraska — de novo in loan activities. Returned, May 6, 1988. Dallas Community Bankers, Inc., Granbury, Texas — to acquire Farmers & Merchants State Bank, Burleson, Texas. Approved, May 5, 1988. Cleveland Community Financial, Inc., Maysville, Kentucky — to acquire The Citizens National Bank, Ripley, Ohio. Approved, May 6, 1988. Dallas Cooper Lake Financial Corporation, Cooper, Texas — to acquire The First National Bank in Cooper. Approved, May 6, 1988. St, Louis DSB Bancshares, Inc., Dermott, Arkansas — Dermott State Bank. Approved, May 2, 1988. Cleveland FarmMerc, Inc., Caldwell, Ohio — Farmers and Merchants Bank. Approved, May 6, 1988. Atlanta First City Bancorp, Inc., Murfreesboro, Tennessee — to acquire First City Bank. Approved, May 4, 1988. Dallas First Parker Bancshares, Inc., Weatherford, Texas — to acquire Weatherford Bancshares, Inc., and The First National Bank of Weatherford. Approved, May 6, 1988. Dallas First Weatherford Bancshares, Inc., Weatherford, Texas — to acquire The First National Bank of Weatherford. Approved, May 6, 1988. to engage to acquire to acquire The H.2 HAY 1, 1988 PAGE 4 TO MAY 6, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago FS BancShares, Inc., Markesan, Wisconsin — acquire Farmers State Bank. Approved, May 4, 1988. New York Home Bancorp, Inc., Brooklyn, New York — The Home Savings Bank. Withdrawn, May 4, 1988. Chicago Illini Community Bancorp, Inc. Springfield, Illinois — to acquire Elkhart Banc Shares, Inc., Elkhart, Illinois, and Elkhart Community Bank. Approved, May 3, 1988. Chicago Manufacturers National Corporation, Detroit, Michigan — to acquire Wilson, Kemp & Associates, Inc. Approved, May 4, 1988. Kansas City Peoples, Inc., Ottawa, Kansas — Savings, Inc. Returned, May 5, 1988. Chicago Peoples Bancorporation of Northwest Iowa, Rock Valley, Iowa — to acquire Peoples Bank and Trust. Approved, May 3, 1988. Boston Peoples Heritage Financial Group, Inc., Portland, Maine — to acquire Peoples Heritage Savings Bank. Approved, May 3, 1988. St. Louis Raymond Bancorp, Inc., Raymond, Illinois — to acquire the successor by merger to Peoples State Bank of Gillespie, Gillespie, Illinois. Approved, May 4, 1988. Atlanta Ready Bancorp, Inc., Hialeah, Florida — Ready State Bank. Approved, May 4, 1988. Chicago R & J Financial Corporation, Elma, Iowa — to engage de novo in general insurance activities through Peoples Insurance Agency. Permitted, May 6, 1988. to to acquire to acquire Peoples to acquire H.2 MAY 1, 1988 PAGE 5 TO MAY 6, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Security Trustco, Inc., Brilliant, Alabama — acquire Security Trust and Savings Bank. Approved, May 6, 1988. to Boston Shavrmut Corporation, Boston, Massachusetts — to engage de novo in credit related insurance through Shawmut Insurance Agency, Inc. Withdrawn, May 5, 1988. Atlanta TSB Bancorp, Inc., Woodland, Georgia — Talbot State Bank. Approved, May 6, 1988. Boston Union Bankshares, Inc., Morrisville, Vermont — engage in leasing activities. Permitted, May 6, 1988. Cleveland Union National Corporation, Pittsburgh, Pennsylvania — to engage in credit related insurance through Union National Life Insurance Company, Phoenix, Arizona, in connection with lease transactions made by the corporation1s bank subsidiaries. Permitted, May 2, 1988. Kansas City United Community Corporation, Oklahoma City, Oklahoma — to acquire Unitech Inc., Oklahoma City, Oklahoma, and engage in data processing activities. Approved, May 5, 1988. Chicago Winnebago County Bancorporation, Hampton, Iowa — to acquire Liberty Bank and Trust, Forest City, Iowa. Approved, May 6, 1988. Kansas City Woodland Holding Company, Woodland Park, Colorado — to acquire Mountain National Bank. Withdrawn, May 2, 1988. to acquire to H.2 MAY 1, 1988 PAGE 6 TO MAY 6, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Chicago Bank of Pontiac* Pontiac* Illinois — bank premises. Approved* May 6* 1988. Staff Director BS&R The First Bank and Trust Company* Lebanon* Virginia — investment in bank premises. Approved* May 4* 1988. Staff Director BS&R Jefferson Bank & Trust* Lakewood* Colorado — investment in bank premises. Approved* May 4* 1988. New York Manufacturers Hanover Trust Company* New York* New York — investment in bank premises. Approved* May 4* 1988. investment in CAPITAL STOCK Atlanta LCB Corporation* Inc.* Fayetteville* Tennessee — redemption of shares. Approved* May 2* 1988. CHANGE IN BANK CONTROL San Francisco American Bancorp of Nevada* Las Vegas* Nevada — change in bank control. Permitted* May 4* 1988. Minneapolis Security State Bancshares of Bemidji* Inc.* Bemidji* Minnesota — change in bank control. Permitted* May 4* 1988. Dallas United New Mexico Financial Corporation* Albuquerque* New Mexico — change in bank control. Permitted* May 4* 1988. COMPETITIVE FACTORS REPORTS San Francisco The Bank of California* N.A.* San Francisco* California* proposed merger with The Mitsubishi Bank of California* Los Angeles* California — report to the Comptroller of the Currency on competitive factors. Submitted* May 2* 1988. H.2 HAY 1, 1988 PAGE 7 * TO MAY 6, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland Bank One* Cleveland, Cleveland, Ohio, proposed acquisition of certain assets and assumption of liability to pay deposits in the Berea, Seven Hills, Cleveland Heights, and Kamms offices of Broadview Savings Bank — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, May 1, 1988. Cleveland Deposit Bank of Carlisle, Carlisle, Kentucky, proposed merger with New Deposit Bank of Carlisle — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, May 1, 1988. S t . Louis Farmers State Bank, Scotts Hill, Tennessee, purchase of certain assets and assumption deposit liabilities of The First National Lexington, Lexington, Tennessee — report Federal Deposit Insurance Corporation on competitive factors. Submitted, May 5, 1988. Minneapolis First Dakota Bank, National Association, Yankton, South Dakota, proposed purchase of assets and assumption of liabilities of American State Bank report to the Comptroller of the Currency on competitive factors. Submitted, May 6, 1988. S t . Louis The First National Bank of Collinsville, Collinsville, Illinois, proposed merger with UMB Bank of Illinois, National Association, Maryville, Illinois — report to the Comptroller of the Currency on competitive factors. Submitted, May 6, 1988. S t . Louis The First National Bank of Salem, Salem, Missouri, proposed merger with The First Interim National Bank of Salem — report to the Comptroller of the Currency on competitive factors. Submitted, May 5, 1988. proposed of the Bank of to the H.2 MAY 1, 1988 PAGE 8 TO MAY 6, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Magna Bank of McLean County, Bloomington, Illinois, proposed acquisition of assets and assumption of liability to pay deposits made in Stanford State Bank, Stanford, Illinois — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, May 3, 1988. Atlanta NCNB National Bank of Florida, Tampa, Florida, proposed merger with USBank, St. Petersburg, Florida — report to the Comptroller of the Currency on competitive factors. Submitted, May 2, 1988. Sam Francisco Seattle - First National Bank* Seattle* Washington* proposed purchase of assets and assumption of liabilities of seven branches of American Marine Bank, Bainbridge Island, Washington — report to the Comptroller of the Currency on competitive factors. Submitted, May 5, 1988. V Chicago State Bank of La Harpe, La Harpe, Illinois, proposed merger with La Harpe Interim State Bank — report to the Federal Deposit Insurance Corporation on competitive factors. ~ Submitted, May 3, 1988. EXTENSIONS OF TIME S t . Louis C.P. Burnett & Sons, Inc., Eldorado, Illinois — extension to June 29, 1988, to acquire C.P. Burnett & Sons, Bankers. Granted, May 2, 1988. Richmond Crestar Bank, Richmond, Virginia — extension to June 30, 1988, to establish a branch at the intersection of General Booth Boulevard and Dam Neck Parkway, Virginia Beach, Virginia. Granted, May 6, 1988. H.2 MAY 1, 1988 PAGE 9 » TO MAY 6, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Richmond Crestar Bank, Richmond, Virginia — extension to November 17 a 1988 a to establish a branch in the Pocono Crossing Shopping Center a at the intersection of Midlothian Turnpike and Sturbridge Drive. Granted a May 6 a 1988. Kansas City First Business Bancshares of Kansas City a Inc. a Kansas City a Missouri — extension to June 2 3 a 1988 a to acquire First Business Bank of Kansas CityA N.A. Granted a May 6 a 1988. Atlanta First Commerce Corporation New OrleansA Louisiana — extension to August 7 a 1988 a to merge with First Commercial BancsharesA Inc. a ChalmetteA Louisiana. Granted a May 4 a 1988. Cleveland First National Massillon Corporation Massillon, Ohio — extension to August 8 a 1988 a to acquire The First National Bank in Massillon. Granted a May 6 a 1988. New York PeopleTs Mutual Holdings a Bridgeport a Connecticut — extension to August 15 a 1988 a to form a mutual bank holding company with respect to PeopleTs Bank. GrantedA May 2 a 1988. Chicago Success Financial GroupA Inc. a LincolnshireA Illinois — extension to acquire Lincolnshire BancsharesA Inc.; and Bellwood Bancorporation, Inc. a Bellwood, Illinois; First National Bank of Lincolnshire; Bank of BellwoodA Bellwood; First National Bank of Wheaton a Wheaton; and Peterson BankA Chicago a Illinois. Denied a May 2 a 1988. San Francisco WestAmerica Bancorporation, San RafaelA California — extension to September 30 a 1988 a to acquire Bank of Lake County. GrantedA May 4 a 1988. H.2 MAY 1, 1988 PAGE 10 TO MAY 6, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY MEMBERSHIP Atlanta Friendship Community Bank* Ocala* Florida — to become a member of the Federal Reserve System. Approved* May 2* 1988. RESERVE BANK OPERATIONS Director* FRBO Federal Reserve Bank of Chicago — capital and operating expenses necessary to met requirements of the Expedited Funds Availability Act. Approved* May 4* 1988. Director* FRBO Federal Reserve Bank of Minneapolis — expense for additional staffing* training* and seminars in connection with the Expedited Funds Availability Ac t . Approved* May 2* 1988. Director* FRBO Federal Reserve Bank of Richmond — operating expenses for personnel necessary to meet requirements of the Expedited Funds Availability Act. Approved* May 4* 1988. Director* FRBO Federal Reserve Bank of San Francisco — to meet the requirements of the Expedited Funds Availability Act. Approved* May 5* 1988. RESERVE BANK SERVICES Director* FRBO Federal Reserve Bank of Cleveland — to participate in the Extended MICR Capture pilot program in the Cincinnati office. Approved* May 5* 1988. H.2 MAY 1, 1988 PAGE 11 ADDITIONS AND CORRECTIONS TO MAY 6, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Boston Cheshire Financial Corporation* Keene* New Hampshire — to acquire Monadnock Bank* Jaffrey* New Hampshire. Approved* April 29* 1988. EXTENSIONS OF TIME Minneapolis American National Bank and Trust Company* St. Paul* Minnesota — extension to divest certain property. Granted* April 20* 1988. INTERNATIONAL OPERATIONS Chicago First Chicago Corporation* Chicago* Illinois* and First Chicago Investment Advisors — to engage de novo in fiduciary and investment activities in Japan and the United Kingdom. Withdrawn* April 27* 1988. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS 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 Family Bancorp, Haverhill, Massachusetts - 3(a)(1) application to become a bank holding company through the acquisition of The Family Mutual Savings Bank, Haverhill, Massachusetts First Litchfield Financial Corporation, Litchfield, Connecticut - 3(a)(1) application to become a bank holding company through the acquisition of The First National Bank of Litchfield, Litchfield, Connecticut Newspaper 05-23-88 Federal Register 05-23-88 Newspaper Federal Register 05-31-88 Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE **Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper _________ Notice Only________ United States Trust Company of New York, New York, New York to establish a branch at 770 Broadway, New York, New York.l/ SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Onlv> None. SECTION IV Applications Not Involving ______ Public Comment_____ None. 1/ Subject to provisions of Community Reinvestment Act. 6/ 6/88 FEDERAL RESERVE BANKOF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period. Ending Date None SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Pro Group. Inc.. Brandford, PA to form a Bank Holding Company by acquiring 100% of the voting shares of Producers Bank & Trust Company, Bradford, PA. Newspaper Fed. register 5/12/88 5/27/88 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE First Sterling Bancorp. Inc.. Devon, PA requests a time extension of 3 months from Hay 18, 1988 to August 18, 1988 within which to consummate the formation of the bank holding company. Ton Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Cleveland Reserve Bank Applications For Week Ending May 07, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION Received applications fron Trustcorp Bank, Ohio, Toledo, Ohio, for permission to establish CBCT branches at Cedar Point Amusement Park, Sandusky, Ohio, and The Toledo Zoological Society, 2700 Broadway, Toledo, Ohio. COMMENT PERIOD ENDING *June 2, 1988 Received application from the Fifth Third Bank of Columbus, Columbus, Ohio, for permission to establish a CBCT branch at 5555 Cleveland Avenue, Columbus, Ohio. *June 6, 1988 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3(a) (3) application fron Pikeville National Corporation, Pikeville, Kentucky, to acquire Whitley-Williamsburg Financial Corporation, Williamsburg, Kentucky, and its wholly-cwned subsidiary Farmers National Bank, Williamsburg, Kentucky. *FR - June 4, 1988 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE 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 None Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application * None *Expiration of comment period specified in the Federal Register, May 9, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Canment Period Ending Date First State Corp. West Blocton, Alabama Change In Control by Joseph W. Stephens and Kermit Stephens to acquire an additional 20.07 percent of the outstanding shares, increasing total ownership to 47.20 percent. Central Bank Shares, Inc. 05-25-88 Orlando, Florida Federal Register To acquire Bank of Central Florida/Seminole County, Sanford, Florida (in organization). Volunteer State Bancshares, Inc. 06-01-88 Portland, Tennessee Federal Register To merge with BOC Bancorp, Inc., Woodbury, Tennessee, and indirectly acquire its banking subsidiary. Federal Reserve Bank of Chicago Section 1 - Applications Subject to Newspaper Notice Only Type Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y~1 Lamoine Bancorp, Inc. La Harpe, Illinois State Bank of La Harpe La Harpe, Illinois 5-4-88** 5-14-88* Y-l Tripoli Bancshares, Inc. Saint Paul, Minnesota First State Bank Britt, Iowa 5-11-88** 5-15-88* Y -l Britt Bancshares, Inc. Saint Paul, Minnesota First State Bank Britt, Iowa 5-11-88** 5-15-88* Y-2 Hasten Bancorp Indianapolis, Indiana Sullivan State Bank Sullivan, Indiana First Bank and Trust Company of Clay County Brazil, Indiana Peoples State Bank Farmersburg, Indiana Farmers Banc, Inc. Tipton, Indiana 5-1-88* 5-23-88** Y-l NBA Holding Company Davenport, Iowa National Bank of Aledo Aledo, Illinois 5-1-88* 5-23-88** Y-l Eastern Wisconsin Bancshares, Inc. Howards Grove, Wisconsin State Bank of Howards Grove Howards Grove, Wisconsin 5-6-88* 5-25-88** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Application Comment Period Ending Date Colonial Bancorporation, Inc. Thiensville, Wisconsin Ralph J. Huiras (in violation) Colonial National Bank-Port Washington Port Washington, Wisconsin Colonial Bank-Richfield Richfield, Wisconsin Colonial Bank Thiensville, Wisconsin 5-19-88** Salin Bancshares of North Central Indiana, Inc. Indianapolis, Indiana Carroll Financial Corporation Burlington, Indiana First Bank of Carroll County Burlington, Indiana 45- First Chicago Acquisition II Corp. Chicago, Illinois Gary-Wheaton Corporation Wheaton, Illinois Gary-Wheaton Bank of Fox Valley Fox Valley, Illinois Gary-Wheaton Bank of Batavia Batavia, Illinois Gary-Wheaton Bank of Downers Grove Downers Grove, Illinois Gary-Wheaton Bank Wheaton, Illinois Gary-Wheaton Stock Brokerage, Inc. Wheaton, Illinois 5-26-88** First Chicago Corporation Chicago, Illinois Gary-Wheaton Corporation Wheaton, Illinois Gary-Wheaton Bank of Fox Valley Fox Valley, Illinois Gary-Wheaton Bank of Batavia Batavia, Illinois Gary-Wheaton Bank of Downers Grove Downers Grove, Illinois Gary-Wheaton Bank Wheaton, Illinois Gary-Wheaton Stock Brokerage, Inc. Wheaton, Illinois 5-26-88** 20-88* 23-88** Federal Reserve Bank of Chicago Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice (Continued) Application Comment Period Ending Date Fort Madison Financial Company Fort Madison, Iowa Fort Madison Bank & Trust Co. Fort Madison, Iowa 5-22-88* Northwest Illinois Bancorp, Inc. Freeport, Illinois First State Financial Corporation of Rockford Rockford, Illinois First State Bank and Trust Company Rockford, Illinois N/A NWIB Acquisition Corporation, Inc. Freeport, Illinois First State Financial Corporation of Rockford Rockford, Illinois First State Bank and Trust Company Rockford, Illinois N/A Suburban Bancorp, Inc. Palatine, Illinois Continental Bank of Oakbrook Terrace Oakbrook Terrace, Illinois N/A First Michigan Bank Corporation Zeeland, Michigan CSB Financial Corporation Greenville, Michigan Commercial Bank Greenville, Michigan Kansas Banc Corporation Kansas, Illinois Kansas State Bank Kansas, Illinois 5-1-88* N/A N/A NBD Bancorp, Inc. Detroit, Michigan Charter Bank Group, Northfield, Illinois Bank of Glenbrook, Glenbrook, Illinois Bank of Northfield, Northfield, Illinois Bank of Wheaton, Wheaton, Illinois Bank of Winfield, Winfield, Illinois Charter Group Life Insurance Company, Northfield , Illinois N/A NBD Midwest Corporation Detroit, Michigan Charter Bank Group, Northfield, Illinois Bank of Glenbrook, Glenbrook, Illinois Bank of Northfield, Northfield, Illinois Bank of Wheaton, Wheaton, Illinois Bank of Winfield, Winfield, Illinois Charter Group Life Insurance Company, Northfield , Illinois Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Application Comment Period Endins Date First Chicago Acquisition II Corp. Chicago, Illinois Gary-Uheaton Stock Brokerage, Inc. Wheaton, Illinois 5-26-88** First Chicago Corporation Chicago, Illinois Gary-Wheaton Stock Brokerage, Inc. Wheaton, Illinois 5-26-88** First Chicago Acquisition II Ccrp. Chicago, Illinois G-W Life Insurance Company Wheaton, Illinois 5-26-88** First Chicago Corporation Chicago, Illinois G-W Life Insurance Company Wheaton, Illinois 5-26-88** Bank of Montreal Montreal, Canada Harris Government Securities, Inc. Chicago, Illinois N/A Bankmont Financial Corporation Wilmington, Delaware Harris Government Securities, Inc. Chicago, Illinois N/A NBD Bancorp, Inc. Detroit, Michigan Charter Group Life Insurance Company Northfield, Illinois Charter Agency, Inc. Northfield, Illinois N/A NBD Midwest Corporation Detroit, Michigan Charter Group Life Insurance Company Northfield, Illinois Charter Agency, Inc. Northfield, Illinois N/A Federal Reserve Bank of St. Louis SECTION 1 - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Change in Control notice involving First Fordyce Bancshares, Inc., Fordyce, Arkansas, by Peter Jaffe (Not available) SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Application None SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application None FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only_______ Comment Period Ending Date Application First Bank System, Inc. Minneapolis, MN To engage in (08G) general insurance agency activities through the indirect acquisition of G. S. Dahms and Associates, Ltd., Fargo, ND. First Bank System, Inc. Minneapolis, MN To engage in (08G) general insurance agency activities through the indirect acquisition of Roloff Insurance Agency, Fairmont, MN. 5-2-88 Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Monycor Bancshares, Inc. Superior, WI To acquire Monycor Bank of Superior Superior, WI 5-27-88 (Federal Register) Bank Shares Incorporated Minneapolis, MN To acquire Lakeville Financial services, Inc. Lakeville, MN Section III - Applications Subject to Federal Register Notice Only Application Johnson Bancshares, Inc. Chatfield, MN To engage in (08C) general insurance agency activities and (01A) to retain a loan through the acquisition of Northwest Security Agency, Inc., Chatfield, Minnesota. Comment Period Ending Date 5-25-88 FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application St. Croix Valley Bankshares, Inc. Bloomington, MN To acquire the Oak Park State Bank Oak Park Heights, MN SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II.".APPLICATIONS. SUBJECT, TO BOTH application COMMENT. PERIOD,.ENDING PATE Kansas Bank Corporation/ Liberal/ Kansas/ for prior approval to acquire 100 percent of the voting shares of American National Bancshares of Westlink/ Inc./ Wichita/ Kansas.* Not Available Lexington Bancshares/ Inc./ Lexington/ Nebraska, for approval to retain 53.44 percent of the voting shares of Seven V Banco, Inc., Callaway, Nebraska.* Not Available FirstMorrill Co., Omaha, Nebraska, for prior approval to acquire 84.5 percent of the voting shares of Security State Bank, Ansley, Nebraska.* Not Available Peter L. Ochs and Wesley Rubenich, Wichita, Kansas, for prior approval to increase their proportionate ownership of Attica Financial Corporation, Wichita, Kansas, by 25.1 percent to 31.2 percent each; and Clay Phillips, Attica, Kansas, for prior approval to increase his proportionate ownership by 9.5 percent to 14.5 percent. Not Available SECTION III. - APPEICATIONS..SPEJECT TO FEDERAL .REGISTER NOTICE ONLY APPLICATION None. COMMENT. PERIOD, ENDING DATE FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF 88/05/02 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER notice Only APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION 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 F R ANCISCO Week ending 5/06/88 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 Security Bank Holding Company Employee Stock Ownership Trust, Coos Bay, Oregon, to increase their ownership from 17.3 percent to 24.9 percent of Security Bank Holding Company, Coos Bay, Oregon. Newspaper: 5/11/88 Fed. Rea.: 5/25/88 Frank E. O'Bryan, Newport Beach, California, Eldon R. Eakin and Roy W. Murdock, both of Gardena, California, and Wilbur R. Hunter and Robert J. Jones, both of Lawndale, California, as a group to increase their ownership from 26.3 percent to 51 percent of American Republic Bancorp, Torrence, California. Newspaper: 5/20/88 Fed. Rea.: 5/27/88 Section III - Applications Subject to Federal Register Notice Only Canadian Imperial Bank of Commerce, Toronto, Ontario, Canada, to indirectly acquire 100 percent of Wood Gundy Corp., New York, New York. Fed. Rea.: 5/26/88 The Mitsubishi Bank, Ltd., Tokyo, Japan, to engage dg novo in lending, leasing, and providing portfolio investment advice to other persons through Mitsubishi Capital, Inc., New York, New York. Fed. Reg.: 6/03/88 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None ****
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