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RESEARCH LIBRARY ANNOUNCEMENT H.2, 1989, No. 45 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Ut ^cations st af £' “ d Reserve Banks; Reports Received ing November 11, 1989 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES SouthTrust Corporation, Phenix City, Alabama — request by the Georgia Department of Banking and Finance for a stay of the Board's order approving applications to control SouthTrust National Bank after its relocation to Columbus, Georgia, and to acquire SouthTrust Bank of Russell County. Denied, November 6, 1989. RESERVE BANK OPERATIONS Federal Reserve Bank of New York — main Bank building. Approved, November 6, 1989. renovation to 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; GC - General Counsel; IF - International Finance; OSDM - Office of Staff Director for Management BANK HOLDING COMPANIES Chicago Bancroft State Bancshares, Inc., Bancroft, Wisconsin to acquire Bancroft State Bank. Approved, November 8, 1989. Chicago Bank of Montreal, Montreal, Quebec, Canada; Bankmont Financial Corp., New York, New York; and Harris Bancorp, Inc., Chicago, Illinois — to engage de novo in providing investment advice through Harris Investment Management, Inc. Permitted, November 9, 1989. Chicago Capitol Bancorp, Ltd., Lansing, Michigan — to acquire Portage Commerce Bank, Portage, Michigan. Approved, November 10, 1989. Atlanta Central Bancshares of The South, Inc., Birmingham, Alabama — to acquire Compass Bank - Plano, Plano, Texas. Approved, November 7, 1989. Staff Director BS&R Citicorp, New York, New York — request for relief from certain conditions concerning the operation of savings association subsidiaries. Granted, November 6, 1989. H.2 NOVEMBER 5, 1989 PAGE 2 TO NOVEMBER 10, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Richmond ComSouth Bankshares, Inc., Columbia, South Carolina — to acquire Bank of Charleston, National Association, Charleston, South Carolina. Approved, November 6, 1989. Dallas Ford Bank Group, Inc., Lubbock, Texas — to acquire First Borger Bancshares, Inc., Borger; the First National Bank of Borger; First Canyon Bancorporation, Inc., Canyon; First Canyon Bancshares, Inc.; the First National Bank in Canyon; Permian Financial Corporation, Crane, Texas; and First State Bank. Approved, November 10, 1989. Kansas City H. Pat Henson Company, Maysville, Oklahoma — to acquire Peoples State Bank, Blair, Oklahoma. Approved, November 6, 1989. S t . Louis Holly Grove Bancshares, Inc., Holly Grove, Arkansas — to acquire Bank of Holly Grove. Approved, November 10, 1989. S t . Louis Liberty National Bancorp, Inc., Louisville, Kentucky — to engage de novo in underwriting and dealing in government obligations and money market instruments, and to provide investment advice through B a n k e r Ts Investment Group, Inc. Permitted, November 9, 1989. New Yor k National Westminster B a n k PLC, London, England, NatWest Holdings Inc., Wilmington, Delaware, and National Westminster Bancorp, Inc., New York, New York — to engage de novo in leasing activities through NatWest USA Leasing Corp. Permitted, November 9, 1989. Dallas New Borger Bancorporation, Inc., Lubbock, Texas — to acquire First Borger Bancshares, Inc., and First National Bank of Borger. Approved, November 10, 1989. H.2 NOVEMBER 5, 1989 PAGE 3 TO NOVEMBER 10, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas New Canyon Bancorporation, I n c ., Lubbock, Texas — to acquire First Canyon Bancorporation, Inc., Canyon; First Canyon Bancshares, Inc., and First National Bank in Canyon. Approved, November 10, 1989. New York Oesterreichische Laenderbank A k t i engesellschaft, Vienna, Austria — to acquire LB Credit Corporation, San Francisco, California, and engage in certain nonbanking activities. Approved, November 8, 1989. Chicago Peotone Bancorp, Inc., Peotone, Illinois — to acquire additional shares of Rock River Bancorporation, Oregon, Illinois, and Rock River Bank. Approved, November 8, 1989. Chicago Prairie Bancorp, Inc., Manlius, Illinois — to acquire The First National Bank of Manlius. Approved, November 8, 1989. Chicago San Bancorp, Sanborn, Iowa — to engage de novo in data processing activities. Returned, November 9, 1989. S t . Louis Southside acquire Berger, Approved, Atlanta Synovus Financial Corporation, Columbus, Georgia — and TB&C Bancshares, Inc. — to acquire Bank of Pensacola, Pensacola, Florida. Approved, November 9, 1989. Kansas City Weld State Company, Fort Lupton, Colorado — to acquire The First National Bank of Colorado, Windsor, Colorado. Approved, November 9, 1989. Bancshares Corp., St. Louis, Missouri — Farmers and Merchants Bank of Berger, Missouri. November 7, 1989. to H.2 NOVEMBER 5, 1989 PAGE 4 TO NOVEMBER 10, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS San Francisco CiviBank of Commerce, Oakland, California — to purchase certain assets and assume certain liabilities of Meridian National Bank, Concord, California. Approved, November 9, 1989. Chicago Liberty Bank - Oakland, Troy, Michigan — to merge with Liberty State Bank & Trust, Hamtramck, Michigan. Approved, November 8, 1989. Chicago Villa Grove State Bank, Villa Grove, Illinois, to merge with The First National Bank of Villa Grove. Approved, November 10, 1989. BANK PREMISES Minneapolis Farmers State Bank, Viborg, South Dakota — investment in bank premises. Approved, November 10, 1989. Chicago Liberty Bank - Oakland, Troy, Michigan — in bank premises. Approved, November 8, 1989. Chicago Old Kent Bank - Southwest, Niles, Michigan — investment in bank p r e m i s e s . Approved, November 9, 1989. investment B A N K S » NONME M B E R » AND MISCELLANEOUS INSTITUTIONS Richmond Acacia Mutual Life Insurance Company, Washington, D. C. — request for Joseph H. Riley to serve on the Greater Washington Regional Board of Crestar Financial Corporation, Richmond, Virginia, while serving as a director of Acacia Mutual Life Insurance Company. Granted, November 10, 1989. H.2 NOVEMBER 5, 1989 PAGE 5 TO NOVEMBER 10, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, STATE MEMBER Kansas City Citizens State Bank & Trust Co., Ellsworth, Kansas — payment of a dividend. A p p r o v e d , November 7, 1989. Richmond Great Atlantic Savings Bank, Manteo, North Carolina — registration statement. Withdrawn, November 10, 1989. S t . Louis Lindell Trust Company, St. Louis, Missouri — of a dividend. Approved, November 7, 1989. payment Chicago Old Kent Bank - Chicago, Chicago, Illinois — of a dividend. Approved, November 7, 1989. payment Chicago Old Kent Bank of Hillsdale, Hillsdale, Michigan — payment of a dividend. Approved, November 10, 1989. Chicago Old Kent Bank of St. Johns, Saint Johns, Michigan — payment of a dividend. Approved, November 10, 1989. CHANGE IN BANK CONTROL Atlanta Boca Bancorp, Inc., Boca Raton, Florida — bank c o n t r o l . Permitted, November 9, 1989. change in San Francisco Cottonwood Bancorporation, Salt Lake City, Utah — change in bank c o n t r o l . Permitted, November 9, 1989. Cleveland New Madison, Ohio — FSB Financial Corp bank c o n t r o l . Permitted, November 8, 1989 Boston Olde Windsor Bancorp, Inc., Olde Windsor, Connecticut — change in bank c o n t r o l . Withdrawn, November 7, 1989. Atlanta Southwest Georgia Financial Corporation, Moultrie, Georgia — change in bank c o n t r o l . Permitted, November 10, 1989. change in H.2 NOVEMBER 5, 1989 PAGE 6 TO NOVEMBER 10, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS New York First Fidelity Bank, N.A., Newark, New Jersey, proposed purchase of certain assets and assumption of certain liabilities of the Raritan Branch of The Town and Country Bank, Flemington, New Jersey — report on competitive factors. Submitted, November 6, 1989. Cleveland First National Bank of Zanesville,, Zanesville, Ohio proposed merger with The First National Interim Bank — report on competitive factors. Submitted, November 8, 1989. Chicago First of America Bank - Kankakee, N.A., Kankakee, Illinois, proposed merger with First Trust Bank National Association — report on competitive factors. Submitted, November 10, 1989. Chicago First of America Bank - Rockford, National Association, Rockford, Illinois, proposed merger with United Bank of Illinois, National Association — report on competitive factors. Submitted, November 10, 1989. Atlanta Intercontinental Bank, Miami, Florida, proposed merger with Atico Savings Bank — report on competitive f a c t o r s . Submitted, November 8, 1989. Boston Neworld Bank For Savings, Boston, Massachusetts, proposed acquisition of certain assets and assumption of certain deposit liabilities of the Hanover Street, Boston Branch of Haymarket Cooperative Bank — report on competitive factors. Submitted, November 10, 1989. Chicago Valley Bank, Spring Green, Spring Green, Wisconsin, proposed merger with Valley Bank, Sauk Prairie, Sauk City, Wisconsin, and Valley Bank Richland Center, Richland, Wisconsin — report on competitive factors. Submitted, November 10, 1989. H.2 NOVEMBER 5, 1989 PAGE 7 TO NOVEMBER 10, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Boston Bank of Boston Corporation, Boston, Massachusetts — extension to February 2, 1990, to engage de novo in underwriting and dealing in certain bank eligible and ineligible securities through BancBoston Securities, Inc. Granted, November 7, 1989. San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain property. Granted, November 7, 1989. San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain property. Granted, November 8, 1989. Chicago Citizens National Bancorporation, Charles City, Iowa — extension to March 1, 1990, to acquire First Clarion Bancorporation, Clarion, Iowa, and The First National Bank of Clarion. Granted, November 9, 1989. Philadelphia Commerce Bancorp, Inc., Cherry Hill, New Jersey — extension to February 12, 1990, to acquire Commerce Bank / Harrisburg, Camp Hill, Pennsylvania. Granted, November 10, 1989. San Francisco First Interstate Bancorp, Los Angeles, California — extensions to divest certain properties. Granted, November 10, 1989. Chicago Shaw Investment Company, New Hampton, Iowa — extension to January 29, 1989, to redeem shares of stock. Granted, November 9, 1989. San Francisco Tokai Bank, Limited, Nagoya, Japan — extension to February 17, 1990, to engage de novo in securities brokerage through Tokai Securities, Inc., New York, New York. Granted, November 10, 1989. Chicago Withee B a n k Shares, Inc., Withee, Wisconsin — extension to February 6, 1990, to acquire State Bank of Withee. Granted, November 6, 1989. H.2 NOVEMBER 5, 1989 PAGE 8 TO NOVEMBER 10, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY INTERNATIONAL OPERATIONS San Francisco Security Pacific Corporation, Los Angeles, California — to make an additional investment in Security Pacific Bank AG Frankfurt, West Germany. Permitted, November 5, 1989. RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Cleveland — to implement reduced return item pull fees for the check truncation service. Approved, November 6, 1989. H .2 NOVEMBER 5, 1989 PAGE 9 ADDITIONS AND CORRECTIONS TO NOVEMBER 10, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Chicago Bellwood Bancorporation, Inc., Bellwood, Illinois — redemption of shares. Withdrawn, November 1, 1989. CHANGE IN BANK CONTROL Chicago Bellwood Bancorporation, Inc., Bellwood, Illinois — change in bank c o n t r o l . Withdrawn, November 1, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT T O BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Atlantic Bancshares, Inc., Newington, N e w Hampshire 3 ( a ) (1) application to become a bank holding company through the acquisition of Atlantic Toast Company, Newington, N e w Hampshire* Newspaper 12-1-89 Federal Register Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet/Norstar Financial Federal Register Group, Inc., Providence, Rhode Island and Fleet/Norstar N e w York, Inc., Albany, N e w York - 4 ( c ) (8) application to engage in the placement of all types of securities and to provide investment advisory services to retail and institutional customers, through Adams MCEntee, Fleet/Norstar Securities, Inc., N e w York, N e w York Not Yet Established Society for Savings Bancorp, Federal Register Hartford, Connecticut 4 (c)(8) application to acquire Franklin Equity Leasing Company, St. Louis, Missouri Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER O R NEWSPAPER NOTICE Application Continent Period Ending Date NONE *Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper _____________ Notice Only__________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice Kenneth J. Torsoe, S u f f e m , New York, to acquire 14.38 percent of the voting shares of U.S.B. Holding C o . , Inc., Nanuet, New York and thereby indirectly acquire Union State Bank, Nanuet, N e w York. 11/17/89 4/ Siggi B. Wilzig, Clifton, New Jersey to increase his interest in The Trustcompany Bancorporat ion, Jersey City, N e w Jersey to 14.6%. 11/27/89 2/ SECTION III Noribanking Applications (Subject t o Federal Register Notice Only) None. SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ 4/ Subject t o provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date m a y b e specified in the Federal Register notice. N / A - N o t Available Date specified in Federal Register notice; a later date may b e specified in the newspaper notice. ^W FED ER A L RESERVE BAN KO F PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending M e r i d i a n B a n k . R e a d i n g , P A f o r a n o f f s i t e 1/ electronic banking facility to be located at the F a i r g r o u n d s S q u a r e Mall, 3050 N o r t h F i f t h S t . , R e a d i n g , B e r k s C o u n t y , PA. 12/4/89 M e r i d i a n B a n k . R e a d i n g , P A f o r a n o f f s i t e 1/ electronic banking facility to be located at T e m p l e U n i v e r s i t y Student A c t i v i t y Center, 1 3 t h & M o n t g o m e r y S t s . , P h i l a d e l p h i a , PA . 12/4/89 M e r i d i a n B a n k . R e a d i n g , P A t o e s t a b l i s h a 1/ branch to be located at Towamencin Village Square S h opping Center, A l l e n t o w n Road & F o r t y F o o t R d ., T o w a m e n c i n T w p ., P A a n d requests permission to make an additional investment in b a n k premises, p u r s u a n t to S e c t i o n 2 4 A of t h e F e d e r a l R e s e r v e Act. 12/4/89 Date SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Keystone Financial. I n c . . Harrisburg, PA to eng a g e de no v o t h r o u g h its subsidiary, Keystone Financial Leasing Corporation, H a r r i s b u r g , P A in l e a s i n g rea l or p e r s o n a l property, p u r s u a n t to S e c tion 4(c)(8) of t h e B a n k H o l d i n g C o m p a n y Act. Period Ending Date *N/A SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions *N/A - not yet available. of Community Reinvestment Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Act. Applications Bulletin For The W e e k E n d i n g N o v e m b e r l l , 1989 SECTION I ~ APPLICATIONS SUBJECT NOTICE ONLY TO NEWSPAPER NONE S E C T I O N II ~ A P P L I C A T I O N S S U B J E C T T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT NOTICE ONLY TO APPLICATION FEDERAL COMMENT REGISTER PERIOD ENDING R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n o n O c t o b e r 26, 1 9 8 9 f r o m A m e r i t r u s t C o r p o r a t i o n , Clevel a n d , Ohio, to a c q u i r e M V e s t m e n t Corp., Dallas, Texas. November 27, 1989 R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on O c t o b e r 27, 1 9 8 9 f r o m P N C F i n a n c i a l C o r p . , Pittsburgh, Pennsylvania, to acquire Lomas S e c u r i t i e s USA, Inc., H o u ston, Texas.* November 27, 1989 * # N F - Subject to CRA E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s Newspaper Comment Period Federal Register Comment Period from the date of receipt Applications Bulletin F o r W e e k E n d i n g N o v e m b e r 11, SECTION III - APPLICATIONS SUBJECT TO N O T I C E O N L Y Cont. R e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n on N o v e m b e r 3, 1 9 8 9 f r o m F . N . B . C o r p o r a t i o n , Hermitage, Pennsylvania, to expand the activities of its w h o l l y - o w n e d subsidiary, Mortgage Service Corporation, to include the o r i g i n a t i o n and servi c i n g of c o n sumer a n d c o m m e r c i a l lo a n s a n d to e n g a g e in loan m a r k e t i n g and ad v i s o r y services. R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on O c t o b e r 27, 1 9 8 9 f r o m N a t i o n a l C i t y Corporation, Cleveland, Ohio, to a c quire G E M S a v i n g s A s s o c i a t i o n , Dayton, Ohio. SECTION IV 1 989 FEDERAL REGISTER November December 27, 1989 1, 1989 - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * # N F - Subject to CRA E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s Newspaper Comment Period Federal Register Comment Period from the date of receipt 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 Mercantile Bankshares Corporation, Baltimore, Maryland, for prior approval to acquire Baltimore Trust Company, Selbyville, Delaware.* 12-2-89 Section III - Applications Subject to Federal Register Notice Application First Uni o n Corporation, Charlotte, North Carolina, to engage in acting for nonaffiliated persons as a futures commission merchant registered wi t h the Commodities Futures Trading Commission in order to execute and clear options on bullion, foreign exchange, U. S. Government securities and money market instruments on established commodity exchanges, and options on futures in such commodities and instruments; and providing advisory services to institutional customers consisting of general research and advice on market conditions and trading strategies, client account information and reconciliation of trades, and communication linkage between clients and commodity exchange floors in connection with the proposed futures commission merchant activities through its subsidiary, First Union Futures Corporation, Charlotte, North Carolina. The activities w o u l d be conducted nationwide.** Comment Period Ending Date 11-17-89 *Application is subject to CRA. **Expiration of comment period specified in the Federal R e g i s t e r . Federal Reserve Bank of Richmond Section III - Applications Subject to Federal Register Notice A p p lication Comment Period Ending Date Jeffe r s o n Bankshares, Inc., Charlottesville, Virginia, to engage de novo in providing financial advisory services to local and state governments; providing portfolio investment advice to any person; and engaging, on a fee basis, in providing financial advisory services to non-affiliated financial and non-financial institutions, including the offering of financial advice to private corporate entities with regard to their own financial structure and need for capital, either equity or debt, through its subsidiary, Jefferson Financial, Inc., Charlottesville, Virginia. This wou l d not include either debt or equity underwriting. The activities w o u l d be conducted nationwide.** 11-30-89 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None **Expiration of comment period specified in the Federal R e g i s t e r . November 13, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Bank M Miami, Florida Change in control b y Armando Ramon Vicente, to acquire an additional 23.9 percent of the outstanding shares of cannon stock that will increase his total percentage ownership to 24.6 percent. Union Bancshares, Inc. Blairsville, Georgia T o acquire Citizens Bank, Murphy, North Carolina. Section III -• Application Subject To Federal Register Notice Only Application Barnett Banks, Inc. Jacksonville, Florida T o expand the credit card activities of its wholly-cwned subsidiary, Barnett Merchant Services, Inc., Jacksonville, Florida, to include making, servicing, and acquiring loans, or other extensions of credit, directly or for the accounts o f others, such as vjould be made by a credit card company, pursuant to section 225.25(b)(1)(ii) of Regulation Y. East Coast Bank Corporation Ormond Beach, Florida T o engage d e nov o in making, acquiring, and servicing loans, pursuant to section 225.25(b)(1) of Regulation Y. Federal Reserve Bank of Chicago Section I - Applications Subiect to Newspaper Notice Onlv Comment Period Endinq Date Type Application Branch First of America Bank-Northern Michigan Cheboygan, Michigan Park Place Drive-in, 125 Park Place Alpena, Michigan* N - 11-30-89 Branch First of America Bank-Northern Michigan Cheboygan, Michigan 14963 Hubbard Lake Hubbard Lake, Michigan* N - 11-30-89 Branch First of America Bank-Northern Michigan Cheboygan, Michigan 158 South Ripley Alpena, Michigan* N - 11-30-89 Branch First of America Bank-Northern Michigan Cheboygan, Michigan 219 South Second Lincoln, Michigan* N - 11-30-89 Branch First of America Bank-Northern Michigan Cheboygan, Michigan 2336 U.S. 23 South Alpena, Michigan* N - 11-30-89 Branch First of America Bank-Northern Michigan Cheboygan, Michigan 423 East Main Harrisville, Michigan* N - 11-30-89 Merger/ Branch First of America Bank-Northern Michigan Cheboygan, Michigan First of America Bank-Alpena Alpena, Michigan 122 N. 2nd Avenue Alpena, Michigan* N - 11-30-89 Merger/ Branch Central State Bank Elkader, Iowa First State Savings Bank McGregor, Iowa 158 1st Street McGregor, Iowa* n - 9-25-89 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Comment Period Endincr D a t e Tvpe ADDlication EFT Davenport Bank and Trust Company Davenport, Iowa 320 W. Kimberly Road Davenport, Iowa* N - 10-19-89 Branch Villa Grove State Bank Villa Grove, Illinois 20 N. Main Street Villa Grove, Illinois* N - ** Branch/ 24A Chesterton State Bank N - ** Chesterton, Indiana Thornapple Plaza, US 30 & Thornapple Highways Valparaiso, Indiana* Section II - Applications Subiect to Both Newspaper and Federal Recrister Notice Comment Period Endincr Date Tvoe Application CoC First Sterling Bancorp, Inc. Sterling, Illinois William J. Hank Y-2 First Interstate Corporation of Wisconsin FR - 11-30-89 N - 9-30-89 Sheboygan, Wisconsin First Illini Bancorp, Inc. Galesburg, Illinois Abingdon Bank and Trust Company Abingdon, Illinois Community Bank & Trust Company Canton, Illinois First Galesburg National Bank and Trust Company Galesburg, Illinois Madison Park Bank Peoria, Illinois* Y-l Century Financial Corporation Coldwater, Michigan Century Bank and Trust Coldwater, Michigan* FR - ** N - 11-28-89 FR - 10-11-89 N - 11-27-89 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-l FIB Acquisition, Inc. F R - 11-30-89 Kohler, Wisconsin N - 9-30-89 First Illini Bancorp, Inc. G a lesburg, Illinois Abingdon Bank and Trust Company Abingdon, Illinois Community Bank & Trust Company Canton, Illinois First Galesburg National Bank and Trust Company G a l esburg, 111inois Madison Fark Bank Peoria, Illinois* Y-2 Goodenow Bancorporation Wall Lake, Iowa First Trust & Savings Bank Armstrong, Iowa* Y-2 Mercantile Bancorp, Inc. Hammond, Indiana Meadowview Bancorp, Inc. Kankakee, Illinois First National Bank of Kankakee County Kankakee, Illinois* Y-l North B a ncorp, Inc. Gaylord, Michigan First National Bank of Gaylord Gaylord, Michigan* F R - 11-9-89 N - 10-1-89 CoC-HC Mid-Iowa, Inc. Panora, Iowa Larry Wenzl Ames, Iowa F R - 11-7-89 N - ** CoC The Commercial Trust & Savings Bank Storm Lake, Iowa T. J. Brown; J. C. Brown; F. D. Welterman a R. A. Mullen F R - 11-15-89 N - ** Y-2 First State Bancorp of Princeton, Illinois, Inc. Princeton, Illinois First Bank and Trust Co. of Gridley Gridley, Illinois* F R - 11-24-89 N - 11-30-89 F R - 10-27-89 N - 11-29-89 FR - 11-23-89 N - 10-22-89 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 Security Chicago Corp. Chicago, Illinois First Bank and Trust Co* of Gridley Gridley, Illinois* FR - 11-23-89 N - ** Y-2 Lincoln Financial Corporation Fort Wayne, Indiana Signal Bancorp Monticello, Indiana State and Savings Bank Monticello, Indiana* FR - 11-23-89 N - ** Y-2 Valley Bancorporation Appleton, Wisconsin First National Bank of Chippewa Falls Chippewa Falls, Wisconsin* FR - 11-23-89 N - ** Y-2 Valley Bancorporation Appleton, Wisconsin Peoples State Bank Three Lakes, Wisconsin* FR - 11-23-89 N - ** Y-l First Mid-America Bancorp, Inc. Davenport, Iowa The State Bank of Annawan Annawan, Illinois* FR - 11-24-89 N - 11-6-89 Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application Y-4 A.B.N. - Stichting Amsterdam, Nederland Union Realty Mortgage Co*, Inc. Chicago, Illinois N - 11-24-89 Y-4 ABN/LaSalle North America, Inc. Chicago, Illinois Union Realty Mortgage Co., Inc. Chicago, Illinois N - 11-24-89 Y-4 Algemene Bank Nederland, N.V. Amsterdam, Nederland Union Realty Mortgage Co., Inc. Chicago, Illinois N 11-24-89 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Continued Comment Period Ending Date Type Application Y-4 LaSalle National Corporation Chicago, Illinois Union Realty Mortgage Co., Inc. Chicago, Illinois N Y-4 Amcore Financial, Inc. Rockford, Illinois Mid-American Financial Services Company Loves Park, Illinois FR - 11-13-89 Y-4 Amcore Financial, Inc. Rockford, Illinois Amcore Trust Company Rockford, Illinois FR - 11-15-89 4(c)(8) First State Bancorp, Inc. Harwood Heights, Illinois American Mortgage and Real Estate Services, Inc. Chicago, Illinois FR - 11-13-89 4(c)(8) The Greenwood's Bancorporation, Inc. Lake Mills, Wisconsin Greenwood'8 Financial Services, Inc. Lake Mills, Wisconsin FR - ** - 11-24-89 Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application None N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date *Section 3(a)(3) application by Union Planters Corporation, Memphis, Tennessee, to acquire Security Bancshares, Inc., Paris Tennessee (Not available) *Section 3(a)(3) application by Union Planters Corporation, Memphis, Tennessee, to acquire First Financial Services, Inc., Brownsville, Tennessee (Not available) *Section 3(a)(1) application by First National Bancshares in Newton, Inc. Employee Stock Ownership Plan, Newton, Illinois, to acquire 68.9% of First National Bancshares in Newton Inc., Newton, Illinois (Newspaper 11-20-89) *Section 3(a)(1) application by Arkansas National Banking Corporation, Rogers, Arkansas, to acquire First National Bank of Bentonville, Bentonville, Arkansas, and Farmers and Merchants Bank of Rogers, Rogers, Arkansas (Newspaper 12-15-89) *Section 3(a)(3) application by First Commercial Corporation, Little Rock, Arkansas, to acquire ABT Bancshares Corporation, Hot Springs, Arkansas (Not available) * This application is subject to CRA Federal Reserve Bank of St. Louis SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Section 4(c)(8) notification by Sebastian Bankshares, Inc., Barling, Arkansas, to engage de novo in lending activities through Citizens Mortgage Company, Inc., Barling, Arkansas (Not available) Section 4(c)(8) notification by Commercial Bancorp, Inc., Obion, Tennessee, to directly engage de novo in community development activities (Not available) SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only_______ Comment Period Ending Date Application North Shore Bank of Commerce Duluth, MN To establish a de novo branch in the Miller Hill Mall, Duluth, MN Not yet available Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Claremont Financial Services, Inc. St. Paul, MN To acquire Security State Bank of Claremont Claremont, MN* 10-23-89 (Federal Register) Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Donnelly Bancshares, Inc. Donnelly, MN To acquire Farmers and Merchants Insurance Agency, Donnelly, MN 11-27-89 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. * Subject to CRA Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT B a n k of L a k e w o o d , L a k e w o o d / C o l o r a d o / for p r i o r a p p r o v a l for m e m b e r s h i p in t h e F e d e r a l R e s e r v e System. PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Exchange Bankshares Corporation/ A t c h i s o n / K a n s a s / f or p r i o r a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h t h e a c q u i s i t i o n of 1 0 0 p e r c e n t of t h e v o t i n g s h a r e s of E x c h a n g e B a n k s h a r e s C o r p o r a t i o n of K a n s a s / A t c h i s o n / K a n s a s / p a r e n t of Exchange National Bank & Trust C o m p a n y of A t c h i s o n / A t c h i s o n / Kansas/ and Fort National Bank/ Easton/ Kansas.* Not Available R i c h a r d F. N o g l e a n d B e v e r l y J. Nogle/ C h a n u t e / Kan s a s / for p r ior a p p r o v a l f o r b o t h t o a c q u i r e a 25 p e r c e n t o w n e r s h i p i n t e r e s t in F a l l R i v e r B a n k s h a r e s / Inc./ Fal l River/ Kansas. Not A p p l e t o n C i t y B a n c s h a r e s / Inc./ A p p l e t o n City/ Missouri, for prior a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h t h e a c q u i s i t i o n of 80 p e r c e n t o f t h e v o t i n g s h a r e s of C i t i z e n s B a n k of A p p l e t o n C i t y , A p p l e t o n City, Mis s o u r i . * November 6, 1989 Wal l C o / Inc./ Nehawka, Nebraska, for p r i o r a p p r o v a l to b e c o m e a bank h o l d i n g c o m pany t h r o u g h the a c q u i s i t i o n o f 80 p e r c e n t o f t h e v o t i n g shares of The N e h a w k a Bank, Nehawka, Nebraska.* November 6, 1989 Weld State Company, C o l o r a d o , for p r i o r a c q u i r e 100 p e r c e n t sh a r e s of The First of W i n d s o r , W i n d s o r , November 6, 1989 Ft. L u p t o n , a p p r o v a l to of the v o t i n g National Bank Colorado.* Available Federal Reserve Bank of Kansas City Fourth Financial Corporation, Wichita, Kansas, for prior approval t o a c q u i r e 1 0 0 p e r c e n t of t he v o t i n g sh a r e s of M c P h e r s o n Bank and Trust Company, McPherson, Kansas.* November 9, W e s t P o i n t B a n c o r p , Inc., St. J o s e p h , M i s s o u r i , fo r p r i o r a p p r o v a l t o a c q u i r e 36 p e r c e n t of the v o t i n g s h a r e s of D a k o t a B a n c s h a r e s , I n c . , St. J o s e p h , Missouri, p a r e n t of Dakota County State Bank, S o u t h S i o u x City, Nebraska.* November 17, 1989 P h i l i p M. B u r n s , W e s t P o i n t , N e b r a s k a , f o r p r i o r a p p r o v a l to increase his proportionate o w n e r s h i p i n t e r e s t in W e s t P o i n t B a n c o r p , I n c . , St. J o s e p h , M i s s o u r i , b y 3 4 . 9 1 p e r c e n t to 41.00 percent. November 17, 1989 R o b e r t W. M o o r e , O k l a h o m a C it y , O k l a h o m a , f o r p r i o r a p p r o v a l to increase his proportionate o w n e r s h i p i n t e r e s t in F o u n d e r s B a n c o r p o r a t i o n , Inc., Oklahoma City, O k l a h o m a , b y 14.41 per c e n t 17.78 percent. November 15, 1989 D o n a l d L. G a d d y a n d G e o r g e F. Bashaw, b o t h of Skiatook, Oklahoma, fo r p r i o r a p p r o v a l t o i n c r e a s e e a c h of t h e i r p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t s in S k i a t o o k Bancshares, Inc., S k i a t o o k , O k l a h o m a , b y 2.18 percent to 17.48 percent. November 17, 1989 Columbian Financial Corporation, O v e r l a n d P a r k , K a n s a s , for p r i o r a p p r o v a l t o a c q u i r e 1 00 p e r c e n t of the v o t i n g sh a r e s of The Columbian T r u s t C o m p a n y , O v e r l a n d Park, Kansas.* November 16, 1989 N o r t h e r n M i s s o u r i B a n c s h a r e s , Inc., U n i o n v i l l e , M i s s o u r i , for p r i o r a p p r o v a l t o a c q u i r e 10 0 p e r c e n t of the v o t i n g s h a r e s of Harrison C o u n t y B a n c s h a r e s , Inc., B e t h a n y , M issouri, p a r e n t of First National Bank of Bethany, Bethany, Missouri.* November 23, 1989 1989 to Federal Reserve Bank o f Kansas City B i n gman Trust, Sapulpa, Oklahoma, for p r i o r a p p r o v a l to inc r e a s e its p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in S e c u r i t y N a t ional B a n c s h a r e s of S a p u l p a , Inc., S a p u l p a , O k l a h o m a , b y .25 p e r c e n t t o 1 3 . 1 0 p e r c e n t . November 15, 1989 I n t e r n a t i o n a l B r o t h e r h o o d of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers and Helpers, K a n s a s City, Kan s a s , for p r i o r a p p r o v a l to a c q u i r e 47.50 p e r c e n t of the v o t i n g shares of B r o t h e r h o o d B a n c s h a r e s , Inc., K a n s a s City, Kansas.* November 22, 1989 B r o t h e r h o o d B a n c s h a r e s , Inc., K a n s a s City, Kan s a s , for p r i o r a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 1 0 0 p e r c e n t o f t h e v o t i n g s h a r e s of The Brotherhood Bank and Trust Company, Kansas City, K ansas.* November 22, 1989 Barbara Forster, Golden Valley, M i n n e s o t a , for p r i o r a p p r o v a l to acquire a 92.2 percent owner s h i p i n t e r e s t of E a g l e A g e n c y , Inc., Eagle, Colorado. November 17, 1989 T. B r e n t B a l l i n g e r , P a w h u s k a , O k l a h o m a , for p r i o r a p p r o v a l to i n c r e a s e h i s o w n e r s h i p i n t e r e s t in N.B . C . B a n c s h a r e s in P a w h u s k a , Inc., Pawh u s k a , Oklahoma, b y 50.25 p e r c e n t to 50.75 percent. November 22, 1989 S E C T I O N III - A P P L I C A T I O N S S UBJECT T O F E D E R A L R E G I S T E R NOTICE ONLY APPLICATION Exchange Bankshares Corporation, A t c h i s o n , Kansas, for prior 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 shares of Bankers Exchange Life Insurance Company, Atchison, Kansas, and thereby i n d i r e c t l y e n g a g e in s e l l i n g c r e d i t life, d i s a b i l i t y , or i n v o l u n t a r y unemployment insurance. COMMENT Not PERIOD ENDING DATE Available Federal Reserve Bank of Kansas City P e o p l e s N a t i o n a l B a n c s h a r e s of Checotah, Inc., Checotah, Oklahoma, f or p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t o f the v o t i n g shares of C a n t w e l l I n s u r a n c e A g e n c y , Inc., Checotah, Okl a h o m a , and thereby i n d i r e c t l y e n g a g e in s e l l i n g c redit life, d i s a b i l i t y , or i n v o l u n t a r y u n e m p l o y m e n t i n s u r a n c e and i n s u r a n c e a g e n c y a c t i v i t i e s in a town of less t han 5,000 persons. November 24, 1989 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. ♦Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF NOVEMBER 6, 1989 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 ♦Section 3(a)(1) application by Globalshare, Limited, Road Town, Tortola, British Virgin Islands, to acquire El Paso Financial Corporation, Wilmington, DE 89/11/10 ♦Section 3(a)(1) application by Broadway Bancshares of Delaware, Inc., Wilmington, DE, to acquire an interest in Broadway Air Force National Bank, Randolph Air Force Base, TX; Broadway National Bank, San Antonio, TX; and Eisenhower National Bank, San Antonio, TX 89/11/28 Change in Control Notice by Laura I. Stewart, Alamogordo, NM, to acquire an interest in First Alamogordo Bancorp, Inc., Alamogordo, NM N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION None. NOTICE EXP 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 FRANCESCO Week ending 11/10/89 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Pacific Western Bank, San Jose, California, t o acquire certain assets and liabilities of the Northern California Division of Household Bank, F.S.B., Newport Beach, California. * Newspaper: 11/27/89 Valley Bank of Nevada, Las Vegas, Nevada, to establish a branch in the Food Giant Grocery Store at the c o m e r of Sahara and Decatur, Las Vegas, Nevada. * Newspaper: 11/18/89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Roy Doumani, Beverly Hills, California; Gerald L. Parsky, Los Angeles, California; William E. Simon, Norristown, New Jersey; and Larry B. Thrall, S r . , Beverly Hills, California, to increase their ownership in World Trade Bancorp, Beverly Hills, California. BankAmerica Corporation, San Francisco, California, and Seafirst Corporation, Seattle, Washington, t o acquire W o o d b u m Bancorp, W o o d b u m , Oregon. * David E. Worthen, Bountiful, Utah, to: 1) retroactively increase his ownership to 25.56 percent; and 2) to increase his ownership further t o 25.81 percent of Brighten Bancorp, Salt Lake City, Utah. Fed. Rea.: 10/30/89 Newspaper: 10/31/89 Fed. Rec.: Not available Newspaper: N o t available Fed. Rea.: N o t available Newspaper: N o t available Section III - Applications Subject to Federal Register Notice Only First Interstate Bancorp, Los Angeles, California, t o engage in asset management and valuation activities through a yet-to-be named subsidiary. Fed. Rea.: Not yet published Valley Capital Corporation, Las Vegas, Nevada, t o engage in providing financing on non-recourse dealer installment sales contracts and thereby engage in lending activities. Fed. Rea.: 12/01/89 Section I V - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject t o CRA.
@FedFRASER