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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1982 No. 46)
Actions of the Board; Applications and Reports
Received During the Week Ending November 13, 1982
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Regulation K amendment, to change the procedures
for establishing a U. S. branch of an Edge
corporation and to shorten the n o t i f i c a t i o n
period in Section 211.5(c)(2) of Regulation K
from 60 days to 45 days; e f f e c t i v e November 8,
1982 (Docket No. R-0436)
Delegation of authority to the Director of the
Division of Banking Supervision and Regulation
to suspend the n o t i f i c a t i o n period in Section
211.5(c)(2) of Regulation K (Docket No. R-0437)
Delegation of authority to the Secretary of the
Board, t o act on certain applications where
authority is delegated to the Reserve Bank but
a senior o f f i c e r or d i r e c t o r of an involved
party i s also a director of the Reserve Bank
or branch (Docket No. R-0437)
Delegation of authority to the Federal Reserve
Banks, the authority t o approve formation of a
foreign " s h e l l " branch by a member bank, and
authority to waive the 30 days' notice requirement to the Board before a foreign banking
organization exercises i t s one time change o*
home State (Docket No. R-0437)
Amendment to the Rule Regarding A v a i l a b i l i t y of
Information to establish procedures regarding
access by bank regulatory authorities to
certain confidential reports submitted by
foreign banking organizations; the Board also
amended these rules t o provide that such reports
w i l l not be released to the p u b l i c ; e f f e c t i v e
November 8, 1982 (Docket No. R-0435)
I
H.2, 1982 No. 46
- 2 -
ACTIONS OF THE BOARD
Continued
Atlanta
AmSouth Bancorporation, Birmingham, Alabama, extension of time t o February 16, 1983, within
which to acquire shares of Citizens Bank of
Talladega, Talladega, Alabama. \J
Atlanta
Beach One Financial Services, I n c . , Vero Beach,
Florida, extension of time to February 12,
1983, within which to become a bank holding
company through the acquisition of the Beach
Bank o f Vero Beach, Vero Beach, Florida. 1_/
Atlanta
BOS Bancshares, I n c . , Metairie, Louisiana,
extension of time to February 5, 1983, within
which to become a bank holding company through
the acquisition of Bank of the South, Metairie,
Louisiana. J /
Atlanta
Brookhaven Financial Corporation, Brookhaven,
Mississippi, extension of time to November 30,
1982, w i t h i n which to become a bank holding
company through the acquisition of Brookhaven Bank
and Trust Company, Brookhaven, Mississippi. V
Chicago
COLUMBUS CORPORATION, Columbus, Indiana, extension
of time to February 11, 1983, within which to
become a bank holding company through the acq u i s i t i o n of 100 percent of the voting shares of
the successor by merger t o Columbus Bank and
Trust Company, Columbus, Indiana. V
Chicago
Farmers State Corporation of Mentone, Mentone,
Indiana, extension of time t o January 12, 1983,
within which t o become a bank holding company
through the acquisition of 80 percent or more
of the voting shares of Farmers State Bank,
Mentone, Indiana. ] /
Atlanta
FBT Bancshares, I n c . , S l i d e ! ! , Louisiana, extension of time to February 2, !983, within
which to become a bank holding company through
the acquisition of F i d e l i t y Bank and Trust
Company, S l i d e l l , Louisiana. V
T7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 46
- 3 -
ACTIONS OF THE BOARD - Continued
Chicago
F i r s t AT sip Bancorp, I n c . , AT s i p , I l l i n o i s ,
extension of time to December 8, 1982, within
which to become a bank holding company through
the acquisition of 80 percent or more of the
voting shares of F i r s t State Bank of A l s i p ,
A l s i p , I l l i n o i s . 1/
Chicago
F i r s t Bancshares of Huntington, I n c . , Huntington,
Indiana, extension of time to March 10, 1983,
w i t h i n which to become a bank holding company
through the acquisition of 100 percent of the
voting shares of the successor by merger to
The F i r s t National Bank in Huntington, Huntington,
Indiana, j l /
St. Louis
F i r s t Missouri Banks, I n c . , Manchester, Missouri,
extension of time to February 7, 1983, within
which to acquire F i r s t Missouri Bank, N.A.,
St. Louis County, Missouri, a proposed new
bank. J_/
Atlanta
F i r s t Pikevi1le Bancshares, I n c . , P i k e v i l l e ,
Tennessee, extension of time t o February 13,
1983, within which to become a bank holding
company through the acquisition of First
National Bank of P i k e v i l l e , P i k e v i l l e , Tennessee. J /
Dallas
Frontier Bancshares, I n c . , Eagle Pass, Texas, extension of time to February 2, 1983, within which
to acquire Frontier State Bank, Eagle Pass, Texas. V
Atlanta
Gulf South Bancshares, I n c . , Gretna, Louisiana,
extension of time to November 13, 1982, within
which to become a bank holding company through the
acquisition of Gulf South Bank & Trust Company,
Gretna, Louisiana. \J
Atlanta
Hardee Banking Corporation, Wauchula, Florida,
extension of time to February 9, 1983, within
which to become a bank holding company through
the acquisition of F i r s t National Bank of
Wauchula, Wauchula, Florida. 1/
J/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
I
H.2, 1982 No. 46
- 4 -
ACTIONS OF THE BOARD - Continued
San
Francisco
Lamorinda Financial Corporation, Lafayette,
C a l i f o r n i a , extension of time to February 10,
1983, within which to become a bank holding
company through the acquisition of 100 percent
of the voting shares of Lamorinda National Bank,
Lafayette, C a l i f o r n i a . V
Atlanta
PAB Bankshares, I n c . , Valdosta, Georgia, extension
of time to January 6, 1983, within which to become a bank holding company through the acquis i t i o n of the Park Avenue Bank, Valdosta, Georgia. _]_/
Atlanta
Pan American Banks, I n c . , Miami, Florida, extension
of time to February 19, 1983, within which to
acquire shares of Peoples National Bank of Commerce,
Mi ami, Florida, and Peoples Hialeah National Bank,
Hialeah, Florida. V
Chicago
Princeton National Bancorp, I n c . , Princeton, I l l i n o i s ,
extension of time to January 12, 1983, within which
to become a bank holding company through the
acquisition of 100 percent of the voting shares of
the successor by merger to Citizens F i r s t National
Bank of Princeton, Princeton, I l l i n o i s . ]_/
St. Louis
Southside Bancshares Corp., St. Louis, Missouri,
extension of time to January 27, 1983, within
which to become a bank holding company through
the acquisition of the successor by merger with
South Side National Bank in St. Louis, St. Louis,
Missouri. 1J
Dal las
Tahoka F i r s t Bancorp, I n c . , Tahoka, Texas, extension
of time to January 13, 1983, within which to
acquire Cedar Creek Bank, Seven Points, Texas. \ j
San
Francisco
Bank of Coronado, Coronado, C a l i f o r n i a , extension
of time to March 10, 1983, within which to become
a member of the Federal Reserve System. J /
San
Francisco
F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles,
C a l i f o r n i a , extension of time to November 9,
1983, within which to establish a branch o f f i c e
in the v i c i n i t y of the intersection of Highways
50 and 89, South Lake Tahoe, C a l i f o r n i a . 1/
1/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
i
H.2, 1982 No. 46
- 5 -
ACTIONS OF THE BOARD - Continue*!
St. Louis
F i r s t Kentucky Trust Company, L o u i s v i l l e , Kentucky, an additional investment in bank
premises. 1/
Atlanta
Marion County Banking Company, Hamilton, Alabama,
an investment in bank premises. V
Chicago
Ripley County Bank, Osgood, Indiana, extension
of time t o May 13, 1983, within which to establ i s h a branch at 211 West Perry Street,
Versailles, Indiana. 1/
Boston
Banking Center, Waterbury, Connecticut, proposal
t o merge with Woodbury Savings Bank, Woodbury,
Connecticut; report t o the Federal Deposit
Insurance Corporation on competitive fa cto rs. ]_/
Atlanta
Barnett Bank of Gainesville, N.A., Gainesville,
Florida, proposed merger with Great American
Bank of Gainesville, Florida; report to the
Comptroller of the Currency on competitive
f act ors. V
Atlanta
Barnett Bank of Tampa, N.A., Tampa, Florida,
proposed merger with Great American Bank of
Tampa, Tampa, Florida; report to the Comptroller
of the Currency on competitive f a c t o r s , y
Dal las
Citizens State Bank, Giddings, Texas, proposed
merger with New Citizens State Bank, Giddings,
Texas; report t o the Federal Deposit Insurance
Corporation on competitive fa cto rs. ]_/
Chicago
Community Bank & Trust Company, Canton, I l l i n o i s ,
application for p r i o r approval to merge with
. CBT Bank, Canton, I l l i n o i s , under the charter
of CBT Bank and t i t l e of Community Bank &
Trust Company; report to the Federal Deposit
Insurance Corporation on competitive factors 1/
Dal las
Humble National Bank, Humble, Texas, proposed
merger with Humble State Bank, Humble, Texas;
report to the Federal Deposit Insurance Corporation
on competitive fa cto rs. ]_/
T7 Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2. I9«2 No. 4b
- b -
ACTIONS OF THE BOARD - Continued
Chicago
Kane County Bank and Trust Co., El burn, I l l i n o i s ,
proposal to merge with Bank of Elburn, Elburn,
I l l i n o i s , under the charter of Bank of Elburn
and t i t l e of Kane County Bank and Trust Co.;
report to the Federal Deposit Insurance Corporation
on competitive factors. J /
Richmond
Mid-South Bank and Trust Company, Sanford, North
Carolina, proposed merger with New Mid-South
Bank, Sanford, North Carolina, a proposed new
bank; report to the Federal Deposit Insurance
Corporation on competitive factors. V
Philadelphia
Midlantic National Bank/South, Haddonfield, New
Jersey, proposal to merge with Midlantic
National Bank/Atlantic, Atlantic City, New
Jersey, under the charter and with the t i t l e
of Midlantic National Bank/South; report to
the Comptroller of the Currency on competitive
factors, 1/
Boston
Saver's Bank, L i t t l e t o n , New Hampshire, a mutual
savings bank, proposal to merge with the Dartmouth Savings Bank, Hanover, New Hampshire;
report to the Federal Deposit Insurance Corporation
on competitive factors. V
Dallas
Texas Bank 8 Trust, Wichita Falls, Texas, proposed
merger with New Texas Bank & Trust, Wichita
Falls, Texas; report to the Federal Deposit
Insurance Corporation on competitive factors. \J
Richmond
United Virginia Bank, Richmond, Virginia, proposed
assumption of deposits and purchase of certain
assets of the Courthouse Road Hull Street Branch
of F i r s t Colonial Savings and Loan Association,
Hopewell, V i r g i n i a ; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
San
Francisco
Woodburn State Interim Bank, Woodburn, Oregon, proposed merger with Woodburn State Bank, Woodburn,
Oregon, under the charter and t i t l e of the l a t t e r ;
report to the Federal Deposit Insurance Corporation
on competitive factors. 1/
Tf
"*
Application processed on behalf of the Board of Governors under
delegated authority.
I
H.2, 1982 No. 46
- 7 -
ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Philadelphia
Approved
Girard Bank, Bala Cynwyd, Pennsylvania. To
establish an o f f s i t e electronic f a c i l i t y at
43 South York Road, Hatboro, Pennsylvania. J /
Richmond
Central Fidelity Bank, Northern V i r g i n i a , Bailey's
Crossroads, Virginia. To establish a branch at
8117 Leesburg Pike, Vienna, Fairfax County,
Virginia. JJ
At 1anta
Hanover Bank of Florida, Plantation, Florida.
establish a branch at 8211 West Broward
Boulevard, Plantation, Florida. ]_/
Chicago
Hawkeye-Capital Bank & Trust, Des Moines, Iowa.
To establish an o f f s i t e electronic f a c i l i t y
at Des Moines General Hospital, 603 East 12th,
Des Moines, Iowa. V
Chicago
The De Kalb Bank, De Kalb, I l l i n o i s . To establish
an offsite electronic f a c i l i t y at 1320 Sycamore
Road, De Kalb, I l l i n o i s . ]_/
Dal las
Central Bank, Monroe, Louisiana. To establish
and use an o f f s i t e electronic f a c i l i t y in Monroe,
Louisiana. 1/
*
*
*
*
To
*
To Merge Pursuant to Section 18(c) of
The Federal Deposit Insurance Act
Richmond
Approved
F i r s t Virginia Bank - Franklin County, Rocky
Mount, V i r g i n i a , to merge with Farmers and
Merchants Bank, Boones M i l l , V i r g i n i a . J /
*
T7
*
*
*
*
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
I
H.2, 1982 No. 46
- 8 -
ACTIONS OF THE BOARD - Continued
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Kansas City
Not Disapproved
Swanton Agency, I n c . , Swanton, Nebraska.
*
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*
*
*
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13)
of the Bank Holding Company Act of 1956, as amended
Approved
Continental International Finance Corporation,
Chicago, I l l i n o i s : grants permission to hold
25,000 shares of common stock of Decair Corp.
under 265.2(f)(27). (11/8/82) 1/
Chicago
Chicago
Detroit Bank and Trust International, D e t r o i t ,
Michigan: grants permission to amend i t s
A r t i c l e s of Association in order to change
i t s name to Comerica Bank International
under 265.2(f)(18). (11/12/82) 1/
San
Francisco
U. S. Bancorp, Portland, Oregon: grants consent
to purchase and hold, d i r e c t l y or i n d i r e c t l y
a l l of the shares of U. S. Bancorp, N.V.,
Curacao, Netherlands A n t i l l e s .
New York
Sixty-Day N o t i f i c a t i o n Period Allowed to Expire
Citibank, N.A., New York, NeW York: no objection
t o make, d i r e c t l y or i n d i r e c t l y , an additional
investment in i t s wholly owned commercial bank
subsidiary, Citibank (Luxembourg) S.A., Luxembourg.
*
T7
*
*
*
*
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 46
- 9 -
ACTIONS OF THE BOARD - Continued
To Fonn a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Minneapolis
At!anta
Withdrawn
The Merchants Holding Company, Winona, Minnesota,
f o r approval to acquire 100 percent of the
voting shares of Merchants National Bank of
Winona, Winona, Minnesota. ]J
Approved
Citizens F i r s t Bancshares, I n c . , Ocala, Florida,
for approval to acquire at least 80 percent
of the voting shares of Citizens F i r s t Bank
of Ocala, Ocala, Florida. _1/
Atlanta
Guaranty Bancshares Holding Corporation, Morgan
C i t y , Louisiana, for approval to acquire 100
percent of the voting shares of Guaranty Bank
& Trust Company of Morgan C i t y , Morgan C i t y ,
Louisiana. V
Atlanta
Merchants & Farmers Bancshares, I n c . , L e e s v i l l e ,
Louisiana, f o r approval to acquire at least 80
percent of the voting shares of Merchants &
Farmers Bank & Trust Company, Leesville,
Louisiana. J /
Atlanta
Republic Bancshares, I n c . , Winchester, Tennessee,
for approval to acquire at least 80 percent of
the voting shares of Franklin County Bank,
Winchester, Tennessee. V
Chicago
Fairmount Bancorp, I n c . , Fairmount, I l l i n o i s ,
for approval to acquire at least 87 percent
of the voting shares of The F i r s t National
Bank of Fairmount, Fairmount, I l l i n o i s . \J
Chicago
FIRST CRAWFORDSVILLE FINANCIAL CORPORATION, Crawf o r d s v i l l e , Indiana, for approval to acquire
100 percent of the voting shares of the successor
by merger to The F i r s t National Bank and Trust
Company o f Crawfordsville, Crawfordsville,
Indiana. 1/
V
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 46
- 10 -
ACTIONS OF THE BOARD - Continued
Chicago
Harbor Springs Financial Corporation, Harbor
Springs, Michigan, for approval to acquire
100 percent of the voting shares of Harbor
Springs State Bank, Harbor Springs, Michigan. J_/
Chicago
South Sangamon Banc Shares, I n c . , Divernon,
I l l i n o i s , for approval to acquire 100 percent
of the voting shares of the successor by merger
to Community Bank of Divernon, Divernon,
I l l i n o i s . \J
St. Louis
Old National Bancorp., Evansville, Indiana, for
approval to acquire 100 percent of the voting
shares of the successor by merger to Old
National Bank in Evansville, Evansville,
Indiana. V
St. Louis
Piggott Bankstock, I n c . , Piggott, Arkansas, f o r
approval to acquire at least 80 percent of the
voting shares of Piggott State Bank, Piggott,
Arkansas. J /
St. Louis
TCBankshares, Quitman, Arkansas, f o r approval to
acquire 100 percent of the voting shares of F i r s t
National Bank of Cleburne County (formerly Bank
of Quitman), Quitman, Arkansas. 1_/
Minneapolis
Carver County Bancshares, I n c . , Chaska, Minnesota,
for approval to acquire at least 95 percent of
the voting shares of Carver County State Bank,
Chaska, Minnesota. V
Kansas City
Abanc Holding, I n c . , El Dorado, Kansas, for approval
to acquire at least 96.81 percent of the voting
shares of Augusta Bank and Trust, Augusta, Kansas. 1/
Kansas City
Bunceton Bancshares, I n c . , Blue Springs, Missouri,
f o r approval to acquire at least 80 percent
of the voting shares of Bunceton State Bank,
Bunceton, Missouri.
Kansas City
F i r s t Edmond Bancshares, I n c . , Edmond, Oklahoma,
f o r approval to acquire at least 80 percent of
the voting shares of The F i r s t National Bank of
Edmond, Edmond, Oklahoma. 1/
T/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 46
- 11 -
ACTIONS OF THE BOARD - Continued
Dal las
F i r s t New Mexico Financial Corporation, Deming,
New Mexico, for approval to acquire at least
80 percent of the voting shares of Deming
National Bank, Deming, New Mexico. V
Dallas
F i r s t Winters Holding Company, Winters, Texas,
f o r approval to acquire at least 80 percent
of the voting shares of The Winters State Bank,
Winters, Texas. ] /
San
Francisco
Delta National Bancorp, Manteca, C a l i f o r n i a , for
approval to acquire 100 percent of the voting
shares of the successor by merger to Delta
National Bank, Manteca, C a l i f o r n i a . V
San
Francisco
Independent Bancorp, Lynden, Washington, for approval
t o acquire 100 percent of the voting shares of
Peoples State Bank, Lynden, Washington. 1/
San
Francisco
Kings River Bancorp, Reedley, C a l i f o r n i a , for
approval t o acquire 100 percent of the voting
shares of Kings River State Bank, Reedley,
C a l i f o r n i a . ]_/
San
Francisco
Landmark Bancorp, La Habra, C a l i f o r n i a , f o r approval
t o acquire 100 percent of the voting shares of
Landmark Bank, La Habra, C a l i f o r n i a . 1/
*
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*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Atlanta
T7
Approved
C.S.B. Corporation, Marianna, Florida, for approval
t o acquire at least 80 percent of the voting
shares of Gadsden State Bank, Chattahoochee,
Florida. ]_/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 46
- 12 -
ACTIONS OF THE BOARD - Continued
Atlanta
Florida National Banks of Florida, I n c . ,
Jacksonville, Florida, for approval t o acquire
at least 80 percent of the voting shares of
Kingsley Bank, Orange Park, Florida. ]_/
Dal las
Citizens State Financial Corporation, Corrigan,
Texas, for approval to acquire 100 percent of
the voting shares of RepublicBank Groveton,
Groveton, Texas. 1/
Dallas
Texas American Bancshares I n c . , Fort Worth,
Texas, for approval to acquire 100 percent of
the voting shares of Citizens National Bank of
Temple, Temple, Texas. V
Cleveland
Denied
The Central Bancorporation, I n c . , Cincinnati,
Ohio, f o r approval t o acquire 100 percent of
the voting shares of The Union Commerce Bank,
Cleveland, Ohio; The Southern Ohio Bank,
Cincinnati, Ohio; F i r s t National Bank of
Nelsonville, Ohio and Port Clinton National
Bank, Port Clinton, Ohio.
*
*
*
*
*
To Retain Bank Shares Acquired in a Fiduciary Capacity
Pursuant to Section 3 of the Bank Holding Company Act
of 1956
San
Francisco
Approved
F i r s t Interstate Bancorporation, Los Angeles,
C a l i f o r n i a , f o r approval f o r i t s subsidiary bank
F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles,
Calif o rn i a to retain shares of Reynolds State
Bank, Reynolds, I l l i n o i s . J /
*
TJ
*
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*
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
I
H.2, 1982 No. 46
- 13 -
ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Approved
Commercial Bancshares, I n c . , Wharton, Texas, f o r
approval to acquire 100 percent of the voting
shares of CB8T Bancshares, I n c . , Cleveland,
Texas, and i n d i r e c t l y Cleveland Bank & Trust,
Cleveland, Texas and Park National Bank,
Porter, Texas, a proposed new bank. V
Dallas
Cleveland
Denied
The Central Bancorporation, I n c . , Cincinnati,
Ohio, f o r approval to acquire 100 percent of
the voting shares of The Union Commerce Corporation,
Cleveland, Ohio.
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
New York
Cleveland
New York
T7
Approved
Copenhagen Handelsbank, Copenhagen, Denmark; Den
norske Creditbank, Oslo, Norway; KansallisOsake-Pankki, Helsinki, Finland and Svenska
Handelsbanken, Stockholm, Sweden, for approval
t o acquire j o i n t l y and i n d i r e c t l y through
t h e i r subsidiary, N/A Leasing, I n c . , New York,
New York, 100 percent of the voting shares of
Commercial Funding I n c . , New York, New York.
Denied
The Central Bancorporation, I n c . , Cincinnati,
Ohio, f o r approval to acquire 100 percent of
the voting shares of Union Commerce Corporation
and Union Commerce Management Corporation,
both of Cleveland, Ohio.
Delayed
C i t i c o r p , New York, New York, requests permission
to expand the a c t i v i t i e s of 28 existing o f f i c e s
(the sale of credit related property and casualty
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 46
-14-
ACTIONS OF THE BOARD - Continued
insurance protecting real and personal property
subject to a security agreement with Citicorp
Homeowners, Inc. t o the extent permissible
under applicable State insurance laws and
regulations) at 7260 E. Indian School Rd.,
Scottsdale; 2077 East Camel back Rd., Phoenix;
Tri City Mall, 1836 West Main Street, Mesa;
143 Valley West Mall, 5719 West Northern Ave.,
Glendale; 9861 Metro Parkway West, Phoenix;
111 E. Missouri Avenue, Phoenix; Thomas Mall,
4421 A East Thomas Road, Phoenix and Chris
Town Shopping Center, 1558 West Montebello,
Phoenix, a l l in Arizona; 21707 Hawthorne Boulevard, Torrance; Two City Boulevard East, Orange;
119 North Central Avenue, Glendale; Four Seasons
Office Bldg., 4827 Sepulveda Blvd., Sherman Oaks;
Financial Plaza Office Bldg., 1661 Hanover, City
of Industry; 290 North "D" Street, San Bernardino
and 600 City Parkway West, Orange, a l l in Calif o r n i a ; 9550 Regency Square Blvd., Jacksonville;
5514 N. Davis Highway, Pensacola; 7261 U. S. 19
North, Pinellas Park; Windmill Gate Shopping
C t r . , 16403 N.W. 67th Ave., Miami Lakes; Dale
Mabry Executive C t r . , 3725 Grace S t . , W.,
Tampa; Center Pointe Office Bldg., 4000 N. State
Rd. 7, Fort Lauderdale; Executive Centre, 2300
Palm Beach Lakes Blvd., West Palm Beach; 1915
North Monroe, Tallahassee and 124 E. Colonial
Drive, Orlando, a l l in Florida; 12400 1-45 &
Greens Rd., Houston, 5501 LBJ Freeway, Dallas;
5360 Fredericksberg Rd., San Antonio and 6620
Harwin Drive, Houston, a l l in Texas, through i t s
subsidiary, Citicorp Homeowners, Inc., (Delaware)
(11/10/82) 3/
New York
Citicorp, New York, New York, requests permission
to expand the a c t i v i t i e s of six existing offices
(the sale of credit related property and casualty
insurance protecting real and personal property
subject to a security agreement with Citicorp
Person-to-Person T h r i f t , Inc. to the extent
permissible under applicable State insurance
laws and regulations) at 542 Broadway, Chula
Vista; 362 West Mission Ave., Escondido; 4525
La Jolla Village Dr., San Diego; 434 Fletcher
Parkway, El Cajon; 1400 Camino De La Reina,
San Diego and 119 North Central Ave., Glendale, a l l located in California, through i t s
subsidiary, Citicorp Person-to-Person T h r i f t ,
Inc. (Domestic) (11/10/82) 3/
i
H.2, 1982 No. 46
-15-
ACTIONS OF THE BOARD - Continued
Richmond
Boston
New York
37
Equitable Bancorporation, Baltimore, Maryland,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (acting as a sales agent of
Travelers Express Company, Inc., for the
sale through the a f f i l i a t e d banks of the
holding company of money orders drawn on
Travelers Express Company, Inc.) at 100
South Charles Street, Baltimore, Maryland
(11/12/82)
Permitted
Hospital Trust Corporation, Providence, Rhode
Island, n o t i f i c a t i o n of intent to engage in
de novo a c t i v i t i e s (in the o r i g i n a t i o n , sale
and servicing of residential and commercial
mortgage loans) in Charlotte and Raleigh,
North Carolina; Atlanta, Georgia and Miami,
Florida, serving North Carolina, South Carolina,
Florida, Georgia, V i r g i n i a , the D i s t r i c t of
Columbia, Maryland, Delaware and Pennsylvania,
through i t s subsidiary, RIHT Mortgage Corporation
(11/13/82) 3/
Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, request
permission to relocate an o f f i c e of t h e i r
existing subsidiaries, BarclaysAmerican/
Financial, Inc. ("BAF"), and BarclaysAmerican/
Retail Services, Inc., ("BARS"), engaging in
the following a c t i v i t i e s ( ( i ) making direct
consumer loans, including loans secured by
real estate, and purchasing sales finance
contracts representing extensions of credit
such as would be made or acquired by a
consumer finance company, and wholesale
financing [ f l o o r planning] and ( i i ) acting
as agent for the sale of related credit
l i f e , credit accident and health and credit
property insurance, credit l i f e and credit
accident and health insurance sold as agent
may be underwritten or reinsured by BarclaysAmerican Corporation's insurance underwriting
subsidiaries) from 4141 South Salina Street,
Syracuse, New York to Bayberry Plaza, 7650
Oswego Road, Liverpool, New York, through
t h e i r subsidiaries, BAF and BARS (11/11/82) 3/
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1982 No. 46
-
16 -
ACTIONS OF THE BOARD - Continued
New York
Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, request permission
to relocate an existing o f f i c e engaging in the
following a c t i v i t i e s ( ( i ) making d i r e c t consumer
loans, including loans secured by real estate, and
purchasing sales finance contracts representing
extensions of c r e d i t such as would be made or
acquired by a consumer finance company, and wholesale financing [ f l o o r planning] and ( i i ) acting as
agent f o r the sale of related c r e d i t l i f e , credit
accident and health and c r e d i t property insurance;
c r e d i t l i f e and c r e d i t accident and health insurance
sold as agent may be underwritten or reinsured by
BarclaysAmericanCorporation's insurance underwriting
subsidiaries) from 111 East Walnut Street, Goldsboro,
North Carolina t o 2419 East Ash Street, Goldsboro,
North Carolina, through i t s subsidiaries, BarclaysAmerican/Financial, I n c . , Bare!aysAmerican/Financial
Services, I n c . , and Barc1 aysAmericanMortgage, Inc.
(11/7/82) 3/
New York
C i t i c o r p , New York, New York, requests permission to
establish a de novo o f f i c e engaging in the following
a c t i v i t i e s (tHe making or acquiring of loans and
other extensions of c r e d i t , secured or unsecured,
f o r consumer and other purposes; the sale of c r e d i t
related l i f e and accident and health or decreasing
or level [ I n the case of single payment loans] term
l i f e insurance by licensed agents or brokers as
required; the sale of consumer oriented financial
management courses; and the servicing, for any person,
of loans and other extensions of c r e d i t ; as a
necessary incident t o i t s lending a c t i v i t i e s , f o r
the purpose of funding those a c t i v i t i e s , Citicorp
Person-to-Person Financial Center of Kansas, Inc.
w i l l issue investment c e r t i f i c a t e s , pursuant to the
Kansas Investment C e r t i f i c a t e Act; the service area
of the de novo subsidiary would be comprised of the
State of Kansas; c r e d i t related l i f e , accident and
health insurance may be w r i t t e n by Family Guardian
L i f e Insurance Company, an a f f i l i a t e of C i t i c o r p
Person-to-Person Financial Center of Kansas, Inc.)
a5 300 Pennsylvania National Building, 4370 W. 109
Street, Overland Park, Kansas, through i t s subs i d i a r y , Citicorp Person-to-Person Financial Center
of Kansas, Inc. (11/7/82) 3/
37
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behal f of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 46
- 17 -
ACTIONS OF THE BOARD - Continued
Philadelphia
FB&T Corporation, Hanover, Pennsylvania, n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s (in
consumer finance activiTTes, including the
extension of d i r e c t loans to consumers, the
discount of r e t a i l and installment notes or
contracts the extension of direct loans to
dealers f o r the financing of inventory [ f l o o r
planning]; and acting as agent for the sale
of l i f e , accident and health insurance d i r e c t l y
related to i t s extensions of c r e d i t ) at 38 York
Street, Hanover, Pennsylvania, serving the county
in which the o f f i c e i s located and those portions
of contiguous counties in Pennsylvania within a
15-mile radius of the o f f i c e , through i t s subs i d i a r y , Hanover Consumer Discount Company
(11/12/82) 3/
Richmond
Union Trust Bancorp, Baltimore, Maryland,
notification of intent to engage in de novo
activities (making installment loans to
individuals for personal, family or household
purposes; purchasing sales finance contracts
executed in connection with the sale of
personal, family or household goods or
services; acting as agent in the sale of
credit l i f e and credit accident and health
insurance directly related to i t s extensions
of credit; acting as agent in the sale of
insurance protecting c o l l a t e r a l held against
the extensions of credit; and making second
mortgage loans secured in whole or in part
by mortgages or other liens on real estate)
at 708 North Edgewood Avenue, Jacksonville,
Florida, serving the town of Jacksonville
and the surrounding area, through i t s subsidiary,
Landmark Financial Services, Inc. (11/12/82) 3/
Atlanta
First Railroad & Banking Company, Augusta, Georgia,
notification of intent to engage in de nov'
activities (making consumer installment loans
secured by note, household goods, and f i r s t or
second mortgages in real estate up to $15,000;
purchasing installment sales contracts up to
$3,500; underwriting credit l i f e and accident
and health insurance; and selling as agent
property insurance in connection with i t s loar,
J?
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.
H.2, 1982 No. 46
- 18 -
ACTIONS OF THE BOARD - Continued
and installment sales contracts) in Waynesvi1 l e ,
North Carolina, covering a service area encompassing Haywood County, through i t s subsidiary,
CMC Group, Inc. (11/7/82) 3/
Dallas
Nasher Financial Corporation, Dallas, Texas,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making or acquiring, f o r i t s own
account or for the account of others, loans
and other extensions of credit (including
issuing l e t t e r s of credit and accepting
d r a f t s ) such as would be made by a bank or
bank related financial i n s t i t u t i o n pursuant
to Sections 225.4(b)(1) of Regulation Y
and 4(c)(8) of the Bank Holding Company
Act; s p e c i f i c a l l y , NorthPark National Corporation w i l l concentrate i t s lending a c t i v i t i e s
toward commercial and industrial concerns in
i t s service area, including manufacturing,
r e t a i l , wholesale, energy, real estate and
service type industries) at 1300 NorthPark
Center, Dallas, Texas, serving the Dallas/
Fort Worth Metroplex area, consisting of
Dallas, Tarrant, C o l l i n , Denton, E l l i s , Rockwall and Kaufman Counties, through i t s subs i d i a r y , Northpark National Corporation
(11/12/82) 3/
San
Francisco
BankAmerica Corporation, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to expand the de novo
a c t i v i t i e s (to include a l l functions or a c t i v i t i e s that may be performed or carried on by
a t r u s t company pursuant to Section 225.4(a)(4)
of Regulation Y) at 65 Broadway, New York, New
York, serving the United States, through i t s
subsidiary, BankAmerica Securities Services
Company of New York (A Limited Purpose Trust
Company) (11/12/82) 3/
San
Francisco
BankAmerica Corporation, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s ( i n the a c t i v i t y of underwriter,
i n i t i a l l y as reinsurer, to the extent permitted
by relevant State law, f o r c r e d i t - r e l a t e d l i f e
insurance and c r e d i t - r e l a t e d accident and health
insurance which i s d i r e c t l y related to extensions
3/
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
I
H.2, 1982 No. 45
- 19 -
ACTIONS OF THE BOARD - Continued
of credit by BankAmerica Corporation and i t s nonbank subsidiaries) at 433 California Street, San
Francisco, California serving the State of
Washington, through i t s i n d i r e c t subsidiary, BA
Insurance Company, Inc. (a California corporation)
(11/8/82) 3/
San
Francisco
3/
F i r s t Interstate Bancorp, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to expand de novo
a c t i v i t i e s (in the a c t i v i t y of acting as
re-insurer for c r e d i t l i f e insurance which is
d i r e c t l y related to extensions of credit by
the Bank Holding Company System; such expanded
a c t i v i t y w i l l be performed by F i r s t Interstate
Life Insurance Company in the State of Nevada,
such a c t i v i t i e s have been specified by the
Board in Section 225.4(a)(10) of Regulation Y)
(11/8/82)3/
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
i
H.2, 1982 No. 46
- 20 APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Chicago
The Detroit Bank and Trust Company, D e t r o i t ,
Michigan. To establish an o f f s i t e electronic
f a c i l i t y at Proof Center, 23550 Harper, St.
Clair Shore, Michigan. 2/
*
*
*
*
*
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections
25 and 25(a) of the Federal Reserve Act and Sections
4(c)(9) and 4(c)(13) of the Bank Holding Company
Act of 1956, as amended
New York
Banque Indosuez, Paris, France: requests
consent to establish an Edge Act corporation
in Houston, Texas.
Chicago
Detroit Bank and Trust I n t e r n a t i o n a l , D e t r o i t ,
Michigan: requests permission t o be granted
to an amendment to the A r t i c l e s of Association
of International changing i t s name to Comerica
Bank International.
Dallas
I n t e r F i r s t Corporation, Dallas, Texas: p r i o r
n o t i f i c a t i o n of i t s intent to establish a
wholly-owned de novo international fi n a n ci a l
subsidiary, I n t e r F i r s t Dallas Finance, N.V.,
in the Netherlands A n t i l l e s .
San
Francisco
BankAmerica Corporation, San Francisco, C a l i f o r n i a :
p r i o r n o t i f i c a t i o n of i t s intent to increase i t s
investment in i t s i n d i r e c t subsidiary, BA Finance
(Hong Kong) Ltd.
San
Francisco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a :
p r i o r n o t i f i c a t i o n of i t s intent to make i n d i re ct
investments in one existing and two de novo finance
company subsidiaries in the United Kingdom.
TJ
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 46
-21 -
APPLICATIONS RECEIVED - Continued
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
New York
Meadow!ands Bancorp., Garfield, New Jersey,
f o r approval to acquire 100 percent of the
voting shares of County Trust Company,
Garfield, New Jersey. 2/
Cleveland
F i r s t Commerce Bancorp, I n c . , Eubank, Kentucky,
for approval to acquire at least 80 percent
of the voting shares of The F i r s t State Bank,
Eubank, Kentucky. 2/
Richmond
Morgan Bancorp, I n c . , Berkley Springs, West
V i r g i n i a , for approval to acquire at least
80 percent of the voting shares of Morgan
County State Bank, I n c . , Berkley Springs,
West V i r g i n i a . 2/
Richmond
United Bancorp, I n c . , Dunbar, West V i r g i n i a ,
f o r approval to acquire at least 80.004 percent
of the voting shares of The Bank of Dunbar,
Dunbar, West V i r g i n i a . 2/
Atlanta
F i r s t Chatsworth Bankshares, I n c . , Chatsworth,
Georgia, f o r approval to acquire 100 percent
of the voting shares of The F i r s t National
Bank of Chatsworth, Chatsworth, Georgia. 2/
Atlanta
FPB Corporation, G a l l a t i n , Tennessee, for approval
to acquire at least 80 percent of the voting
shares of F i r s t & Peoples National Bank,
Gal l a t i n , Tennessee; 47 percent of Farmers
and Merchants Bank, Bethpage, Tennessee; and
at least 80 percent p r i o r to dissolution of
F i r s t and Peoples Trust Company, G a l l a t i n ,
Tennessee. 2/
Atlanta
Mountain Bancshares, I n c . , Tracy C i t y , Tennessee,
for approval to acquire at least 80.79 percent
of the voting shares of F i r s t Bank and Trust,
Tracy C i t y , Tennessee. 2/
~Tj Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
I
H.2, 1982 No.
46
-22-
APPLICATIONS RECEIVED - Continued
At Id td
Vista Banks, I n c . , DeLeon Springs, F l o r i d a ,
for approval to acquire 100 percent of the
voting shares of DeLeon Springs Bank,
DeLeon Springs, F l o r i d a . 2J
Chic<;
BAYARD BANC0RP0RATI0N, Bayard, Iowa, f o r
approval t o acquire at least 80 percent of
the voting shares of The Farmers State Bank,
Bayard, Iowa. 2/
Chicago
Merchants and Manufacturers Bancorporation,
I n c . , Milwaukee, Wisconsin, for approval to
acquire at least 80 percent of the voting
shares of Lincoln State Bank, Milwaukee,
Wisconsin and Franklin State Bank, Frank!in,
Wisconson, a proposed new bank. 2/
Chicago
West Branch Bancorp, I n c . , West Branch, Iowa,
f o r approval to acquire at least 80 percent
of the voting shares of West Branch State
Bank, West Branch, Iowa. 2J
St. Louis
Clark Financial Corporation, J e f f e r s o n v i l l e ,
Indiana, f o r approval to acquire 100 percent
(less d i r e c t o r s ' q u a l i f y i n g shares) of the
voting shares of the successor by merger to
The Clark County State Bank, J e f f e r s o n v i l l e ,
Indiana. 2/
St. Louis
TCBankshares, Quitman, Arkansas, f o r approval
t o acquire 100 percent of the voting shares of
F i r s t National Bank of Cleburne County (formerly
Bank of Quitman), Quitman, Arkansas. 2/
Minneapolis
Hanisch Bankshares, L t d . , Crosby, North Dakota,
f o r approval to acquire 100 percent of the voting
shares of Farmers State Bank of Crosby, N.D.,
Crosby, North Dakota. 2J
Minneapolis
South Dakota Bancorp, I n c . , Minneapolis, Minnesota,
f o r approval t o acquire at least 96.00 percent
of the voting shares of Big Stone State Bank,
Big Stone C i t y , South Dakota; at least 81.52
percent of Farmers and Merchants Bank, Huron,
South Dakota; and at least 98.67 percent of
Dakota State Bank, Mil bank, South Dakota. 2/
2/
ApplicaMon subject t o Community Reinvestment Act. The Community
Att.il* ; O f f i c e r of the applicable Reserve Bank may be contacted
i fhe length of the comment period.
i
H.2, 1982 No. 46
— 23 —
APPLICATIONS RECEIVED - Continued
Kansas City
Bancshares of Glasgow, I n c . , Glasgow, Missouri,
for approval to acquire at least 80.0 percent
of the voting shares of Tri-County Trust Company,
Glasgow, Missouri. 2/
Kansas City
Hazel ton Bancshares, I n c . , Hazelton, Kansas,
f o r approval to acquire at least 84 percent
of the voting shares of The Farmers State
Bank, Hazelton, Kansas. 2/
Kansas City
Second Security Bankshares, I n c . , Miami, Oklahoma,
for approval to acquire at least 80.0 percent
of the voting shares of Security Holding Company
Miami, Oklahoma, and i n d i r e c t l y 84.48 percent
of Security Bank and Trust Company, Miami,
Oklahoma. 2/
Dal las
Sabine Bancshares, I n c . , Many, Louisiana, f o r
approval to acquire at least 80 percent of
the voting shares of Sabine State Bank & Trust
Company, Many, Louisiana. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
New York
Northeast Bancorp, I n c . , New Haven, Connecticut,
f o r approval to acquire 100 percent of the
voting shares of Security Bank and Trust,
Bloomfield, Connecticut. 2/
Chicago
Arnold Buschman Enterprises, I n c . , Fox Lake,
I l l i n o i s , f o r approval to acquire an additional
39.63 percent of the voting shares of Fox
Lake State Bank, Fox Lake, I l l i n o i s . 2/
Minneapolis
Dakota Company, I n c . , Minneapolis, Minnesota,
f o r approval to acquire at least 53.5 percent
of the voting shares of South Dakota Bancorp,
I n c . , Minneapolis, Minnesota. 2J
Kansas City
F i r s t Wyoming Bancorporation, Cheyenee, Wyoming,
f o r approval to acquire 100 percent of the
voting shares of State Bank of Big Piney, Big
Piney, Wyoming. 2/
27
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 46
- 24 -
APPLICATIONS RECEIVED - Continued
Kansas City
OMNIBANCORP, Denver, Colorado, f o r approval to
acquire 100 percent of the voting shares of
OMNIBANK Arapahoe, N.A., Arapahoe County,
Colorado, a proposed new bank. 2/
Dallas
Independent Bankshares, I n c . , Abilene, Texas,
f o r approval to acquire 100 percent of the
voting shares of F i r s t State Bank of Wylie,
N.A., Abilene, Texas, a proposed new bank. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
New York
The Hongkong and Shanghai Banking Corporation,
Hong Kong, B.C.C., requests permission to
expand the a c t i v i t i e s of an existing o f f i c e
(commercial finance a c t i v i t i e s , including
making installment, conditional sales, and
working capital loans secured by commercial
and i n d u s t r i a l equipment) in Larchmont, New
York, serving the e n t i r e continental United
States, through i t s subsidiary, U. S. Concord,
Inc.
(11/9/82)
Cleveland
Mellon National Corporation, Pittsburgh, Pennsylvania,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (providing real estate p o r t f o l i o investment advice, including: ( i ) serving as the
advisory company for a mortgage or real estate
investment t r u s t ; ( i i ) serving as investment
advisor, as defined in Section 2(a)(20) of the
' Investment Company Act of 1940, to an investment
company registered under that Act; ( i i i ) furnishing
general economic information and advice, general
economic s t a t i s t i c a l forecasting services and
industry studies; and ( i v ) providing financial
advice to State and local governments, such as
with respect to the issuance of t h e i r securities)
at 551 Madison Avenue, New York, New York, through
i t s subsidiary, Mellon Financial Services Corporation #2 (11/8/82)
77
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 46
- 25 -
APPLICATIONS RECEIVED - Continued
Atlanta
F i r s t Alabama Bancshares, I n c . , Montgomery,
Alabama, n o t i f i c a t i o n of intent to engage
in de novo a c t i v i t i e s (acting as agent or
brolcer of insurance f o r the proposed banking
subsidiaries of F i r s t Alabama Bancshares, I n c . ,
of the following kinds of insurance: (1) c r e d i t
l i f e and accident and health insurance that is
d i r e c t l y related to extensions of c r e d i t by
the bank; insurance protecting c o l l a t e r a l in
which the lender has acquired a security
i n t e r e s t , and insurance customarily sold to
individual borrowers in connection with or
as part of an insurance package with insurance
protecting c o l l a t e r a l ) at the o f f i c e s of the
following bank subsidiary of F i r s t Alabama
Bancshares, I n c . : F i r s t Alabama Bank of South
Baldwin, (now South Baldwin Bank) Baldwin
County, Alabama, through i t s subsidiary, FAB
Agency, Inc. (11/2/82)
Minneapolis
F i r s t Bank System, I n c . , Minneapolis, Minnesota,
n o t i f i c a t i o n of i n t e n t to engage in de novo
a c t i v i t i e s (in underwriting c r e d i t lTfe insurance
and credit accident and health insurance which
i s d i r e c t l y related to extensions of credit by
subsidiaries of F i r s t Bank System, Inc.) at
Suite 646, 234 North Central Avenue, Phoenix,
Arizona, serving the Phoenix, Arizona metropolitan area, through i t s subsidiary, F i r s t
Bank System L i f e Insurance Company (10/27/82)
Dallas
Coronado Bancshares, I n c . , El Paso, Texas, n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (leasing to consumer and commercial
businesses personal items of property and equipment) at 6004 North Mesa, El Paso, Texas and
serving the trade area consisting primarily of
El Paso County, Texas, through i t s subsidiary,
Coronado Capital Leasing Corporation, d/b/a
Coronado Leasing Corporation (11/5/82)
San
Francisco
American Bancorp of Nevada, Las Vegas, Nevada,
n o t i f i c a t i o n of intent to engage i n de novo
a c t i v i t i e s ( i n the a c t i v i t i e s of consumer and
commercial finance a c t i v i t i e s , including the
extension of d i r e c t loans for the financing of
insurance premiums f o r sale to investors or
acting as an agent f o r American Bank of Commerce
in making loans for the financing of insurance
premiums; making leases of personal property in
I
46
-26-
APPLICATIONS RECEIVED - Continued
accordance with the Board's Regulations for
sale to investors or acting as agent for
American Bank of Commerce in making leases of
personal property in accordance with the
Board's Regulations, servicing of loans and
leases f o r others; and acting as agent for
the sale of l i f e , accident and health, and
physical damage insurance d i r e c t l y related
to i t s extensions of c r e d i t as permitted by
Federal Law and the Board's Regulations) at
2800 West Sahara Avenue, Las Vegas, Nevada,
serving Southern Nevada, through i t s subs i d i a r y , AmBank Financial (11/11/82)
BankAmerica Corporation, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making or acquiring for t F e i r
own account loans and other extensions of
c r e d i t such as would be made or acquired
by a finance company; servicing loans and
other extensions of c r e d i t ; and o f f e r i n g
c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d
accident and health insurance, c r e d i t - r e l a t e d
property insurance w i l l not be offered in
the State of New York; the a c t i v i t i e s of
BA FinanceAmerica w i l l include, but not be
limited t o , making consumer installment loans,
making loans and other extensions of c r e d i t to
small businesses and making loans and other
extensions of c r e d i t secured by real and personal
property; the a c t i v i t i e s BAC Credit w i l l include,
but not be limited t o , purchasing installment
sales finance contracts; both corporations w i l l
be o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t related accident and health insurance d i r e c t l y
related to extensions of c r e d i t made or acquired
by BA FinanceAmerica Corporation and BAC Credit
Corporation) at Store W-14, Northern Lights Mall,
Routes 81 and 11, Syracuse, New York, serving
the e n t i r e State of New York, through i t s i n d i re ct
subsidiaries, BA FinanceAmerica Corporation and
BAC Credit Corporation (New York corporations)
(11/9/82)
F i r s t Security Corporation, Salt Lake C i t y , Utah,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making or acquiring loans and other
extensions of c r e d i t such as would be made by a
mortgage banking company, including making both
residential and commercial mortgage loans for
H.2, 1982 No. 46
- 27 -
APPLICATIONS RECEIVED - Continued
i t s own p o r t f o l i o and for sale to others, and
the servicing of such loans for others) at 2900
South Wilcrest, Suite 103, Houston, Texas,
serving Houston and a l l of Harris County; as
business can be developed f o r mortgages in
surrounding areas, t h i s o f f i c e w i l l also serve
those portions of the following adjacent
counties which are closest to Houston: Fort
Bend, Waller, Montgomery, Chambers and Galveston,
through i t s subsidiary, Utah Mortgage Loan
Corporation (11/10/82)
San
Francisco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent t o engage in de novo
a c t i v i t i e s ( i n making or acquiring for i t s
own account or f o r the account of others, asset
based business loans and other commercial or
i n d u s t r i a l loans and extensions of c r e d i t
such as would be made by a f a c t o r i n g , rediscount
or commercial finance company and engaging
generally in the factoring business) in St. Louis,
Missouri, serving the United States, through i t s
subsidiary, Security Pacific Business Credit Inc.
(11/11/82)
REPORTS RECEIVED
None.
PETITIONS FOR RULEMAKING
None.
I
@FedFRASER