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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL.RESERVE SYSTEM H.2, 1986 No. 46 Actions of the Board Applications and Reports Received During the Week Ending November 15, 1986 ACTIONS OF THE BOARD Financial results of Federal Reserve priced services operations for the quarter ending September 30, 1986. Issued for public comment a proposal to charge fees for processing of applications and for the supervision and general oversight of Edge corporations; comments to be received by January 5, 1987 (Docket R-0584). Boston Amoskeag Bank Shares, Manchester, New Hampshire — extension to February 2, 1987 — to acquire Portsmouth Savings Bank, Portsmouth, New Hampshire. 1/ New York Norstar Bank of Upstate New York, Albany, New York — investment in bank premises. 1/ New York FNBA Bank, Amenia, New York — proposed merger with the First National Bank of Amenia — report to the Comptroller of the Currency on compietitive factors. 1/ New York FNBN National Bank, Norfolk, New York — proposed merger with The First National Bank of Norfolk — report to the Comptroller of the Currency on competitive factors. 1/ Philadelphia Citizens National Bank in Windber, Windber, Pennsylvania — proposed merger with Dale National Bank, Johnston, Pennsylvania — report to the Comptroller of the Currency on competitive factors. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 46 -2- ACTIONS OF THE BOARD - Continued Philadelphia Peoples Bank of Nanticoke, Nanticoke, Pennsylvania — proposed merger with First Eastern Bank, N.A., Wilkes-Barre, Pennsylvania — report to the Comptroller of the Currency on competitive factors. 1/ Philadelphia Commerce Bank/Pennsylvania, N. A . , Philadelphia, Pennsylvania — proposed merger with Commerce Interim Bank/Pennsylvania, N.A., — report to the Comptroller of the Currency on competitive factors. 1/ Cleveland First Security Corporation of Kentucky, Lexington, Kentucky and First Security Affiliates, Inc., — extension to acquire State Financial Bancshares, Inc., Richmond, Kentucky, and State Bank and Trust Company of Richmond. 1/ Cleveland First County Bank, Chardon, Ohio — to commence operations. 1/ Richmond Bank of Shawsville, Shawsville, Virginia — investment in bank premises. 1/ Richmond Putnam Bancshares, Inc., Hurricane, West Virginia — extension to March 5, 1987, to acquire Putnam County Bank. 1/ Richmond Monocacy National Bank, Frederick, Maryland — proposed merger with Frederick County National Bank — report to the Comptroller of the Currency on competitive factors. 1/ Chicago The Union National Bank of Macomb, Macomb, Illinois — proposed merger with First National Bank of Macomb — report to the Comptroller of the Currency on competitive factors. 1/ Chicago Davenport Bank and Trust Company, Davenport, Iowa — investment in bank premises. 1/ Chicago MetroBanc - Interim, National Association, Grand Rapids, Michigan — proposed merger with MetroBanc, National Association — report to the Comptroller of the Currency on competitive factors. 1/ 1/ extension Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 46 -3- ACTIONS OF THE BOARD - Continued Chicago The Second National Bank of Paris, Paris, Illinois — proposed merger with The Citizens National Bank of Paris — report to the Comptroller of the Currency on competitive factors. 1/ Chicago M&l Stevens Point Corp., Stevens Point, Wisconsin — extension to December 24, 1986 — to acquire First Affiliated Bancorporation, Inc.; Bank of Park Ridge, Park Ridge; and The First National Bank of Stevens Point, Stevens Point, Wisconsin. 1/ Chicago 1st Source Bank, South Bend, Indiana — extension to February 15, 1987 — to merge with Community State Bank, North Liberty, Indiana. 1/ Chicago The First State Bank, Bourbon, Indiana — extension to December 31, 1986 — to establish a branch at 436 East Center Street. 1/ St. Louis Monroe City Bank, Monroe City, Missouri — investment in bank premises. 1/ St. Louis First Columbus National Bank, Columbus, Mississippi — proposed merger with Interim Columbus National Bank — report to the Comptroller of the Currency on competitive factors. 1/ Minneapolis Otto Bremer Foundation, St. Paul, Minnesota and Bremer Financial Services, Inc., extension to February 25, 1987, to acquire the fiduciary assets of First American Bank & Trust, Marshall, Minnesota. 1/ Kansas City First National Bank of Wynnewood, Wynnewood, Oklahoma — proposed merger with Heritage National Bank, Davis, Oklahoma — report to the Comptroller of the Currency on competitive factors. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 NO. 46 -4- ACTIONS OF THE BOARD - Continued Dallas New Pavillion Bank, Dallas, Texas — proposed merger with Pavillion National Bank ■— report to the Federal Deposit Insurance Corporation on competitive factors. 1/ San Francisco First Interstate Bancorp, Los Angeles, California — extension to dispose of certain property. 1/ San Francisco Wells Fargo & Company, San Francisco, California — extension to divest certain property. 1/ San Francisco Moore Financial Group, Inc., Boise, Idaho — extension to dispose of certain property. 1/ San Francisco U.S. Bancorp, Portland, Oregon — to divest certain property. 1/ extension * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Approved Cleveland Chase Bank of Ohio, Mentor, Ohio — to establish a branch at Enterprise Place, 3401 Enterprise Parkway, Beachwood, Ohio. 1/ (11/ 12/ 86) * * * * * To Merge Pursuant'to Section 18(c) of the Federal Deposit Insurance Act Approved Norstar Bank of Upstate New York, Albany, New York — to merge with Seaway National Bank, Watertown, New York. 1/ (11/14/86) New York * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Approved Kansas City 1/ Chemical Financial Industrial Bank, Westminster, Colorado. 1/ (11/10/86) Application processed on behalf of the Board of Governors under delegated authority. -5- H.2, 1986 No. 46 ACTIONS OF THE BOARD - Continued * * * * * Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 2 5 (a) of the Federal Reserve Act and Sections 4(c)(9), 4(c) (13) and 4(c) (14) of the Bank Holding Company Act of 1956, as amended Approved Chicago International Bank of Detroit, Detroit, Michigan: no objection to retain the shares of Hondela Finance Ltd., Hong Kong which it currently holds pursuant to the dpc provisions of Regulation K. (11/10/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Returned St. Louis Rogers Bancshares, Inc., Little Rock, Arkansas — for approval to acquire at least 80 percent of the voting shares of Metropolitan National Bancshares, Inc., Little Rock, Arkansas and indirectly Metropolitan National Bank, Little Rock, Arkansas. (11/3/86) Dallas First Coleman Bancshares, Inc., Coleman, Texas — for approval to acquire 100 percent of the voting shares of First Coleman National Bank of Coleman, Coleman, Texas. (11/14/86) * * * * * Approved Boston 1/ Amity Bancorp Inc., New Haven, Connecticut — for approval to acquire 100 percent of the voting shares of Amity Bank, Woodbridge, Connecticut. 1/ (11/10/86) Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 46 -6- ACTIONS OP THE BOARD - Continued Boston Suffield Financial Corporation, Suffield, Connecticut — for approval to acquire 100 percent of the voting shares of Suffield Savings Bank, Suffield, Connecticut. ( 11 / 10/ 86 ) Philadelphia Nicholson Voting Trust Agreement, Forest City, Pennsylvania — for approval to acquire 53 percent of the voting shares of The First National Bank of Nicholson, Nicholson, Pennsylvania. 1/ (11/10/86) Cleveland Banco Harlan, Inc., Harlan, Kentucky — for approval to acquire 100 percent of the voting shares of The Bank of Harlan, Harlan, Kentucky. 1/ (11/13/86) . Richmond FCNB Corp., Frederick, Maryland — for approval to acquire 100 percent of the voting shares of Frederick County National Bank of Frederick, Frederick, Maryland. 1/ (11 / 12 /86 ) Atlanta Alabama National Bancorporation, Ashland, Alabama — for approval to acquire 100 percent of the voting shares of First United Corporation, Ashland, Alabama and indirectly The First National Bank, Ashland, Alabama; Tallapoosa Capital Corporation, Dadeville, Alabama and indirectly Bank of Dadeville, Alabama; Macon Capital Corporation, Ashland, Alabama and indirectly Alabama Exchange Bank, Tuskegee, Alabama; and Headllund Capital Corporation, Headlund, Alabama and indirectly Wiregrass Bank & Trust Co., Headlund, Alabama. 1/ (11/12/86) Atlanta ASB Bancshares, Inc., Ashville, Alabama — for approval to acquire 100 percent of the voting shares of Ashville Savings Bank, Ashville, Alabama. 1/ (11/10/86) Atlanta International City Bancorp, Inc., Warner Robins, Georgia — for approval to acquire 100 percent of the voting shares of International City Bank, Warner Robins, Georgia. 1/ (11/10/86) 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 46 -7- ACTIONS OF THE BOARD - Continued Atlanta UniSouth, Inc., Umatilla, Florida — for approval to acquire 100 percent of the voting shares of Umatilla State Bank, Umatilla, Florida. 1/ (11/10/867 Chicago City Bancorp of Bloomington-Normal, Inc., Bloomington, Illinois — for approval to acquire 100 percent of the voting shares of State Bank of Saybrook*. Saybrook, Illinois. 1/ (11/13/86) Chicago First Citizens of Paris, Inc., Paris, Illinois — for approval to acquire 100 percent of the voting shares of The Citizens National Bank of Paris, Paris, Illinois. 1/ (11/13/86) Chicago H P Holding Company, Oak Park, Illinois — for approval to acquire at least 81 percent of the voting shares1 of Heritage/Pullman Bank and Trust Company, Chicago, Illinois. 1/ (11/ 10/86 ) Chicago River Associates Bancorp, Inc., River Grove, Illinois — for approval to acquire 100 percent of the voting shares of River Grove Bank and Trust Company, River Grove, Illinois. 1/ (11/14/867 St. Louis Republic Bancshares, Inc., Neosho, Missouri — for approval to acquire at least 80 percent of the voting shares of Security State Bank, Republic, Missouri. 1/ (1 1 /1 0 /8 6 ) Minneapolis Houghton Financial, Inc., Houghton, Michigan — for approval to acquire 100 percent of the voting shares of Houghton National Bank, Houghton, Michigan. 1/ (11/12/86) Kansas City Prairie State Bancshares,Inc., Oakley, Kansas -- for approval to acquire 100 percent of the voting shares of Prairie State Bank, Hoxie, Kansas. 1/ (11/13/86) Dallas El Paso Financial Corporation, El Paso, Texas — for approval to acquire 80 percent of the voting shares of El Paso State Bank, El Paso, Texas. (11/10/86) 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 46 -8- ACTIONS OP THE BOARD - Continued Dallas Texas Community Bancshares, Inc., Dallas, Texas — for approval to acquire 100 percent of the voting shares of BancTEXAS Sulphur Springs, N.A., Sulphur Springs, Texas. (11/12/861 * * * * * To Expand a Bank Holding Company Pursuant to Section 3 (a)(3) of the Bank Holding Company Act of 1956 Returned St. Louis Mark Twain Bancshares, Inc., St. Louis, Missouri — for approval to acquire at least 95 percent of the voting shares of Bankers Trust Company, Belleville, Illinois. (11/10/86) * * * * * Approved Philadelphia First Valley Corporation, Bethlehem, Pennsylvania — for approval to acquire 100 percent of the voting shares of West Side Bancorp, Inc. ,< West Pittston, Pennsylvania and indirectly acquire West Side Bank, West Pittston, Pennsylvania. 1/ (11/12/86) Philadelphia Statewide Bancorp, Toms River, New Jersey — for approval to acquire 100 percent of the voting shares of The Penn's Grove National Bank and Trust Company, Penns Grove, New Jersey. 1/ (11/14/86) Atlanta Community Group, Inc., Jasper, Tennessee— for approval to acquire 100 percent of the voting shares of The First State Bank, Jacksboro, Tennessee. 1/ (11/14/86) Atlanta Florida National Banks of Florida, Inc., Jacksonville, Florida — for approval to acquire 97.78 percent of the voting shares of Southern National Bank of Broward County, Pompano Beach, Florida. 1/ (11/13/86) 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 46 -9- ACTIONS OF THE BOARD - Continued Chicago Gray-Wheaton Corporation, Wheaton, Illinois — for approval to acquire 80 percent or more of the voting shares of Ogden-Saratoga Corporation, Downers Grove, Illinois and indirectly First Security Bank of Downers Grove, Downers Grove, Illinois. 1/ (11/13/86) St. Louis Bancorp of Mississippi, Tupelo, Mississippi — for approval to acquire at least 7.76 percent of the voting shares of First Mississippi National Corporation, Hattiesburg, Mississippi and indirectly First Mississippi National Bank, Hattiesburg, Mississippi. 1/ (11/14/86) St. Louis Schmid Brothers Investment Company, Inc., Clayton, Missouri and Financial Bancshares, Inc., St. Louis, Missouri — for approval to acquire at least 89 percent of the voting shares and Oran State Bank, Oran, Missouri. 1/ (11/12/86) San Francisco Rainier Bancorporation, Seattle, Washington — for approval to acquire 100 percent of the voting shares of Mount Hood Security Bank, Gresham, Oregon. (11/14/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Returned Kansas City 1/ First Commerce Bancshares, Inc., Lincoln, Nebraska — for approval to merge with Commerce Group Grand Island, Inc., and indirectly acquire Overland National Bank of Grand Island, Grand Island; Commerce Group Kearney, Inc., Kearney, and indirectly acquire First National Bank & Trust Company, Kearney, Kearney; Commerce Group West Point, Inc., West Point and indirectly acquire First National Bank of West Point, West Point, Nebraska. (11/14/86) Application processed on behalf of the Board of Governors under delegated authority. -10- H.2, 1986 No. 46 ACTIONS OF THE BOARD - Continued * * * * * Approved Richmond Dominion Bankshares Corporation, Roanoke, Virginia — for approval to merge with First National Corporation of Sparta, Sparta, Tennessee and indirectly acquire The First National Bank of Sparta, Sparta, Tennessee. 1/ (11/10/86) Chicago Fort Wayne National Corporation, Fort Wayne, Indiana — for approval to merge with Old-First National Corporation, Bluffton, Bluffton, Indiana and indirectly acquire Old First National Bank in Bluffton, Bluffton, Indiana. 1/ (11/10/86) Chicago St. Joseph Bancorporation, Inc., South Bend, Indiana — for approval to acquire 100 percent of the voting shares of Starke County Bancorp, Inc., Knox, Indiana and indirectly acquire Farmers Bank and Trust Company, Knox, Indiana. 1/ (11/12/86) St. Louis Bancorp of Mississippi, Tupelo, Mississippi — for approval to merge with First Mississippi National Corporation, Hattiesburg, Mississippi and indirectly acquire First Mississippi National Bank, Hattiesburg, Mississippi. 1/ (11/14/86) St. Louis ONB Corporation, Owensboro, Kentucky — for approval to acquire Area Bancshares Corporation, Hopkinsville, Kentucky and indirectly acquire City Bank and Trust Company, Hopkinsville, Kentucky. 1/ (11/12/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Returned San Francisco 1/ First Hawaiian, Inc., Honolulu, Hawaii — to acquire Crocker Financial Corporation, Ltd., Honolulu, Hawaii, and thereby engage in operating an industrial bank, Morris Plan bank, or industrial loan company. (11/14/86) Application processed on behalf of the Board of Governors under delegated authority. -11H.2, 1986 No. 46 ACTIONS OF THE BOARD - Continued * * * * * Approved New York Citicorp, New York, New York — to retain all the capital stock of Securities Industry Software Corporation, Evergreen, Colorado and thereby to continue engaging in data processing and data transmission activities for the financial services industry. 1/ (11/14/86) St. Louis ONB Corporation, Owensboro, Kentucky — to acquire 50 percent of the voting shares of DATANET, Inc., Hopkinsville, Kentucky. 1/ ( 11 / 12 / 8 6 ) * * * * * Permitted New York Irving Bank Corporation, New York, New York — to engage de novo (underwriting credit life and disability insurance on consumer loans) through its subsidiary, Irving Life Insurance Company, Phoenix, Arizona. The activities will be conducted throughout the United States. 3/ (11/12/86) Minneapolis Bank Shares Incorporated, Minneapolis, Minnesota — to engage de novo (any insurance activity engaged in by a bank holding company or a subsidiary that was approved by the Board prior to January 1, 1971) through Marquette-Holm Insurance Agency, Inc. The activity will be conducted nationwide. 3/ (11/13/86) Minneapolis Norwest Corporation, Minneapolis, Minnesota — to engage de novo (engaging in the activities of a trust company of a fiduciary, agency or custodial nature) through Norwest Financial Escrow System, California, Inc. The activity will be conducted in the state of California. (11/10/86) Kansas City J.R. Montgomery Bancorporation, Lawton, Oklahoma — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company) 3/ (11/10/86) 1/ Processed on behalf of the Board of Governors under delegated authority. 3/ Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 46 -12- ACTIONS OF THE BOARD - Continued Kansas City J.R. Montgomery Bancorporation, Lawton, Oklahoma — to engage de novo (underwriting credit life and disability insurance on consumer loans) through Express Life Insurance Co., Lawton, Oklahoma. 3/ (11/10/86) * * * * * Redemption of Shares Chicago Byron Bancshares, Inc., Byron, Illinois. (11/13/86) St. Louis Green River Bancorp, Inc., Morgantown, Kentucky. 1/ (11/12/86) 1/ * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Approved Atlanta Georgia Central Bancshares, Inc., Social Circle, Georgia. 1/ (11/12/86) Atlanta Georgia Central Bancshares, Inc., Social Circle, Georgia. 1/ (11/12/86) Atlanta SWG Financial Enterprises, Inc., Morristown, Tennessee. 1/ (11/14/86) St. Louis Green River Bancorp, Inc., Morgantown, Kentucky 1/ (11/12/86) San Francisco Professional Bancorp, Santa Monica, California 1/ (11/14/86) 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 46 -13APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received New York Chemical Bank, New York, New York — to establish a branch office at Hunter College, 695 Park Avenue, New York, New York. 2/ Cleveland Dollar Savings and Trust Company, Youngstown, Ohio — to establish a CBCT Branch at St. Joseph Riverside Hospital, 1400 Todd Avenue, N.W., Watten, Ohio. 2/ Chicago Ypsilanti Savings Bank, Ypsilanti, Michigan — to establish an offsite electronic facility at Eastern Michigan University Campus, Ypsilanti, Michigan.- 2/ San Francisco GivicBank of Commerce, Oakland, California — application made for branch office in vicinity of 2251 Alvardo Street, San Leandro, California. 2 h * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Received Dallas New Pavillion Bank, Dallas, Texas — to merge with Pavillion National Bank, Dallas, Texas. 21 * * * * * 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986 No. 46 -14- APPLICATIONS RECEIVED - Continued 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), 4(c) (13) and 4(c) (14) of the Bank Holding Company Act of 1956, as amended Received New York Citicorp Overseas Investment Corporation, Wilmington, Delaware — prior notification of its intent to make additional investments in Citibank Financial Trust Limited and Citibank Trust Limited, both located in London, England. Cleveland PNC International Bank, Pittsburgh, Pennsylvania — prior notification of its intent to establish PNC International France Societe Financiere and Financiere's subsidiaries, PNC International France, S.A. and PNC International Location located in Paris, France. Cleveland PNC International Bank, Pittsburgh, Pennsylvania ■— prior notification of its intent to invest in Banco Industrial del Tajo, S.A., Toledo, Spain. «*-*** To Expand a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Boston First Mutual Holding Company, Dover, New Hampshire — for approval to acquire 100 percent of the voting shares of Southeast Bank for Savings, Dover, New Hampshire. 2/ Philadelphia Codorus Valley Bancorp, Inc., Glen Rock, Pennsylvania — for approval to acquire 100 percent of the voting shares of Peoples Bank of Glen Rock, Glen Rock, Pennsylvania. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986 No. 46 -15- APPLICATIONS RECEIVED - Continued Atlanta City National Bancshares, Inc., Miami, Florida — for approval to acquire 98.31 percent of the voting shares of City National Bank Corporation, Miami, Florida and indirectly City National Bank of Miami, Miami, Florida and 93.96 percent of the voting shares of City National Bank of Florida, Hallandale, Florida. 2/ Chicago Alta Vista Bancshares, Inc., Alta Vista, Iowa — for approval to acquire 61 percent of the voting shares of Alta Vista State Bank, Alta Vista, Iowa. 2/ Chicago Financial Corporation of Central Illinois, inc., Starsburg, Illinois — for approval to acquire 100 percent of the voting share of Starsburg State Bank, Starsburg, Illinois. 21 St. Louis Madison Corporation, Little Rock, Arkansas — for approval to acquire at least 86.07 percent of the voting shares of Madison Bank and Trust, Kingston, Arkansas. 2/ Minneapolis Con-West, Inc., Billings, Montana — for approval to acquire 80 percent of the voting shares of First Security Bank of Glendive, Glendive, Montana. 2/ Kansas City Charter Bancorporation, Englewood, Colorado — for approval to acquire 100 percent of the voting shares of Charter Bank and Trust, Englewood, Colorado. 2/ Kansas City Intermountain Bancorporation, Inc., Colorado Springs, Colorado — for approval to acquire 100 percent of the voting shares of Byers State Bank, Byers, Colorado. 2/ Kansas City New Mexico Bank Investors, Inc., Raton, New Mexico — for approval to acquire 96.86 to 100 percent of the voting shares of International State Bank, Raton, New Mexico. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986 No. 46 -16- APPLICATIONS RECEIVED - Continued Kansas City Prairie State Bancshares, Inc., Oakley, Kansas — for approval to acquire 100 percent of the voting shares of Prairie State Bank, Hoxie, Kansas. 2/ San Francisco N.U.B. Corp., Salt Lake City, Utah — for approval to acquire 62 percent of the voting shares of Salt Lake Bancorporation, Sandy, Utah and indirectly Sandy State Bank, Sandy, Utah. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received St. Louis Montgomery County Bancshares, Inc., Little Rock, Arkansas — for approval to acquire 100 percent of the voting shares of First National Bank in Mena, Mena, Arkansas. 2/ Minneapolis Bank Shares Incorporated, Minneapolis, Minnesota — for approval to acquire 88.27 percent of the voting shares of First State Bank of Apple Valley, Apple Valley, Minnesota. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Received San Francisco Security Pacific Corporation, Los Angeles, California — for approval to merge with Westamerica Bancorporation, San Rafael, California and indirectly acquire Westamerica Bank, N.A., San Rafael, California. 2/* * * * * * 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986 NO. 46 -17- APPLICATIONS RECEIVED - Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received Boston First Regional Bancorp, Inc., Hartford, Connecticut — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company; a consumer finance company; and a commercial finance company) through First National Bank - Connecticut, Hartford, Connecticut. The geographic area to be served will be the state of Connecticut. (1 1 / 1 2 /8 6 ) New York Banque Indosuez, Paris, France — to acquire indirectly Macro Holdings, Inc., Chicago, Illinois and thereby engage in certain nonbanking activities. New York Chemical New York Corporation, New York, New York — to acquire all the capital stock of Penmark Investments, Inc., Chicago, Illinois and thereby engage in investment advisory activities. New York Compagnie Financiere de Suez, Paris, France — to acquire indirectly Macro Holdings, Inc., Chicago, Illinois and thereby engage in certain nonbanking activities. Richmond James Madison Limited, Washington, D.C. — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them). These activities will be conducted in the District of Columbia, Maryland and Virginia. (11/12/86) H.2, 1986 No. 46 -18- APPLICATIONS RECEIVED - Continued Richmond Sovran Financial Corporation, Norfolk, Virginia — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company; selling credit life, disability, or involuntary unemployment insurance) through its subsidiary, Sovran Equity Mortgage Corporation, Richmond, Virginia. The activities would be conducted nationwide. (11/14/86) Richmond Sovran Financial Corporation, Norfolk, V i r g i n i a — to acquire Sovran Leasing Corporation, Richmond, Virginia and thereby engage in commercial financing; making, acquiring and/or servicing for its own account and for the account of others, loans and leases of real and personal property; arranging, financing, financial structure and analysis of equipment leasing problems. Richmond Sovran Financial Corporation, Norfolk, Virginia — to acquire Sovran Mortgage Corporation, Richmond, Virginia and thereby engage in origination, marketing and servicing of FHA and VA insured as well as conventional residential and commercial loans, acting as agent in the sale of credit life, credit accident and health insurance, mortgage redemption and mortgage accident and health insurance directly related to its extensions of credit. Richmond Sovran Financial Corporation, Richmond, Virginia — to conduct the general insurance agency activities of Sovran Insurance, Inc., (formerly Suburban Insurance, Inc.,) Rockville, Maryland. Richmond Sovran Financial Corporation, Norfolk, Virginia — to engage (providing to others financially related data processing and data transmission services, facilities, and data bases or access to them) through its subsidiary, Cash Flow, Inc., Norfolk, Virginia. (11/14/86) Atlanta Farmers and Merchants Bancorp, Inc., Dover, Tennessee — to acquire Peoples' Insurance Agency, Inc., Dover, Tennessee and thereby engage in general insurance activities. Atlanta First Haralson Corporation, Buchanan, Georgia — to acquire Thompson-Greene Insurance Agency, Tallapoosa, Georgia and thereby engage in insurance activities in a town of less than 5,000 persons. H.2, 1986 No. 46 -19- APPLICATIONS RECEIVED - Continued Chicago Duco Bancshares, Inc., Villa Park, Illinois — to acquire Banill Corporation, Norman, Illinois and thereby engage in insurance sales as an agent or broker for the sale of life, health and accident insurance that is directly related to extensions of credit by its subsidiary bank. St. Louis Mercantile Bancorporation Inc., St. Louis, Missouri — to engage de novo (advising a company registered under the Investment Company Act of 1940) through its subsidiary, Gateway West Investment Management, Inc., St. Louis, Missouri. (11/10/86) Kansas City Eastman National Bankshares, Inc., Newkirk, Oklahoma — to acquire The Eastman Company, Newkirk, Oklahoma and thereby engage in making and servicing loans. Dallas Landmark Financial Group, Inc., Fort Worth, Texas — to engage de novo (engaging in full pay-out personal property leasing through the acquisition of Landmark Service Corporation, Fort Worth, Texas. (11/13/86) San Francisco Security Pacific Corporation, Los Angeles, California — to acquire Learnex Corporation, San Rafael, California and thereby engage in financial institutions sales personal training. San Francisco Security Pacific Corporation, Los Angeles, California — to acquire Goldome Preimum Finance, Inc., Bohemia, New York and thereby engage in financing the payment of consumer and commercial insurance premiums through its indirect subsidiary, Security Pacific Insurance Premium Financing, Inc. San Francisco Security Pacific Corporation, Los Angeles, California — to acquire Westar Mortgage Company, Santa Rosa, California and thereby engage in mortgage banking.
@FedFRASER