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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Applications and Reports Received or Acted on H.2 1972 No, 46 During the Week Ending November 11, 1972 District 8 Date Current Report Filed Pursuant to Section 13 of the Securities Exchange Act Received Citizens Fidelity Bank and Trust Company, Louisville, Kentucky, (October 1972) 11-9-72 * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Received First Security Bank of Havre, Havre, Montana. * * * * * 8 To Withdraw from Membership in the Federal Reserve System Without a Six-Month Notice as Prescribed by Section 9 of the Federal Reserve Act Approved The Clay City Banking Co., Clay City, Illinois. * * * * * ss?** -2- 1 To Establish a Domestick Branch Pursuant to Section 9 of the Federal Reserve Act Received Cape Ann Bank and Trust Company, Gloucester, Massachusetts. Branch to be established at Rockport Shopping Center, Railroad Avenue, Rockport. 5 Merchants and Farmers Bank, Portsmouth, Virginia. Branch to be established at 600 Loudon Avenue, Portsmouth. 7 Old Kent Bank and Trust Company, Grand Rapids, Michigan. Branch to be established at intersection of 48th Avenue and Lake Michigan Drive (M-45), Allendale Township, Ottawa County. 7 Approved *Bay City Bank & Trust Company, Bay City, Michigan. Branch to be established at 1500-1512 Broadway, Bay City. 8 -Manufacturers Bank & Trust Company of St. Louis, St. Louis, Missouri. Branch to be established at Lansdowne Avenue and Kings Highway Boulevard, St. Louis. 12 ^Farmers & Merchants Bank of Central California, Lodi, California. Branch to be established at intersection of Lower Sacramento Road and Sargent Road, Lodi, San Joaquin County. -Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 1972 No. 46 7 -3To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Oakland Banshares, Inc., Oakland, Iowa, for prior approval to acquire 95.45 per cent of the voting shares of Oakland Savings Bank, Oakland, Iowa. * * * * * 6 6 6 6 11 To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received **Ellis Banking Corporation, Bradenton, Florida, for prior approval to acquire 100 per cent (less directorsf qualifying shares) of the voting shares of Ellis National Bank of Clearwater, Clearwater, Florida, a proposed new bank. Ellis Banking Corporation, Bradenton, Florida, for prior approval to acquire 51 per cent or more of the voting shares of First Park Bank, Pinellas Park, Florida. Approved First at Orlando Corporation, Orlando, Florida, for prior approval to acquire 90 per cent or more of the voting shares of Community National Bank and Trust Company, Bal Harbour, Florida. **Hamilton Bancshares, Chattanooga, Tennessee, for prior approval to acquire 80 per cent or more of the voting shares of Hamilton Bank of Nashville, Nashville, Tennessee, a proposed new bank. 11-7-72 **Dynamerica Corporation, Richardson, Texas, for prior approval to acquire at least 57 per cent of the voting shares of American National Bank, Garland, Texas, a proposed new bank. 11- 7-72 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 11- 8-72 II. 2 1972 No. 46 6 7 8 -4To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received 11- 7-72 **First National Holding Corp., Atlanta, Georgia, notification of intent to engage in de novo activities (making, acquiring, or servicing loans or other extensions of credit for personal, family, or household purposes, and acting as agent or broker in selling insurance to borrowers from such finance subsidiaries, to include credit life insurance, accident and health insurance, and property damage insurance for collateral supporting loans made by such finance subsidiaries) in Iuka, Mississippi, through its present subsidiary, Gulf Finance Corporation of Mississippi. Oakland Banshares, I n c O a k l a n d , Iowa, for permission to retain all of the assets of Spencer Insurance Agency, Oakland, Iowa. **Banreal Company, West Memphis, Arkansas, notification 11-6-72 of intent to engage in de novo activities (acting as insurance agent or broker in offices at which the holding company is engaged in business (or in an office adjacent thereto) with respect to the following types of insurance (i) any insurance for the holding company; (ii) any insurance that (a) is directly related to an extension of credit by a bank or a bank-related firm of the kind described in this regulation, or (b) is directly related to the provision of other financial services by a bank or such bank-related firm or (c) is otherwise sold as a matter of convenience to the purchaser, so long as the premium income from sales within the subdivision (ii)(c) does not constitute a significant portion of the aggregate insurance premium income of the holding company from insurance sold pursuant to this subdivision). Such activities will be conducted at 506 East Broadway, West Memphis, Arkansas. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H, 2 1972 No. 46 10 -5Received Continued **Liberty National Corporation, Oklahoma City, Oklahoma, notification of intent to engage in a de novo activity (leasing personal property and equipment or acting as agent, broker or adviser in such lease transactions) through its subsidiary, Mid-America Leasing Corporation, Oklahoma City, Oklahoma. 12 Orbanco, Inc., Portland, Oregon, for prior approval to acquire 100 per cent of the shares of Far West Securities Co., Spokane, Washington. 12 **U.S. Bancorp, Portland, Oregon, notification of intent to engage in a de novo activity (marketing, storing and processing of banking, financial or related economic data, such as performing payroll, accounts receivable or payable, or billing services for customers and incidental activities necessary thereto) through a branch office of its subsidiary U.S. Datacorp, Portland, Oregon, to be located in El Segundo, California. 8 5 11- 9-72 Amendment: On H.2 No. 28, the Board reported receipt of an application from First Arkansas Bankstock Corporation, Little Rock, Arkansas, for prior approval to acquire 28.92 per cent of the voting shares of L.E. Lay & Company, Inc., Little Rock, Arkansas. In a letter dated October 23, 1972, Applicant requested separate Board consideration and authorization for the mortgage banking and insurance agency activities. Permitted **First & Merchants Corporation, Richmond, Virginia, 11-10-72 to engage in a de novo activity (making mortgage loans principally secured by second mortgages on residential and commercial real estate) in Richmond, Virginia, through its present subsidiary, First Realty Mortgage Corporation. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 11- 9-72 H. 2 1972 No. 46 12 Permitted Continued **Security Pacific Corporation, Los Angeles, California, to engage in a de novo activity (leasing personal property and equipment, and acting as agent, broker, or adviser in leasing of such property, where at the inception of the initial lease the expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property will be to compensate the lessor for not less than the lessor1s full investment in the property) through a subsidiary to be known as Security Pacific Leasing Corporation, Los Angeles, California. * 4 7 10 * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Received **Shelter Resources Corporation, Cleveland, Ohio, notification of intent to acquire a 50 per cent interest in Shelter Equities Company, Cleveland, Ohio, which is in the business of selling tax shelter programs. 11-11-72 **Sterling Precision Corporation, West Palm Beach, Florida, notification of intent to acquire all the outstanding shares of stock of Columbus Ignition Company, Columbus, Ohio, which is engaged in the distribution of automotive replacement parts. 11-10-72 ^^Arizona-Colorado Land & Cattle Company, Phoenix, Arizona, notification of intent to acquire Prior Associates, Inc., a real estate development consulting firm located in Scottsdale, Arizona. 11- 9-72 ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 11- 6-72
@FedFRASER