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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1983 No. 46
Actions of t h e Board; A p p l i c a t i o n s and Reports
Received During t h e Week Ending November 19, 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
New York
Lakeland S t a t e Bank, Newfoundland, New J e r s e y ,
proposal t o a c q u i r e t h e a s s e t s of and assume t h e
l i a b i l i t i e s of a branch of American National Bank,
Morristown, New J e r s e y , l o c a t e d in Rockaway Towns h i p , New J e r s e y ; r e p o r t t o t h e Federal Deposit
I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . J J
New York
D o l l a r - D r y Dock Savings Bank of New York, New York,
New York, proposal t o a c q u i r e t h e a s s e t s and assume
t h e l i a b i l i t i e s of a branch of American Savings Bank,
F . S . B . , New York, New York, l o c a t e d a t 88th S t r e e t
and Lexington Avenue, New York, New York, r e p o r t t o
t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e
f a c t o r s . %/
New York
National Westminster Bank, USA, New York, New York,
proposal t o a c q u i r e t h e a s s e t s and assume t h e
l i a b i l i t i e s of a branch of Bankers T r u s t Company,
New York, New York, l o c a t e d in Brooklyn, New York;
r e p o r t t o t h e C o m p t r o l l e r of t h e Currency on competitive factors. J/
Philadelphia
C i t i z e n s & Northern Bank, R a l s t o n , P e n n s y l v a n i a , proposal
t o merge with The Farmers National Bank of A t h e n s ,
under t h e c h a r t e r and t i t l e of t h e f o r m e r ; r e p o r t t o
t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on competitive factors. V
Philadelphia
Peoples National Bank of C e n t r a l P e n n s y l v a n i a , S t a t e
C o l l e g e , P e n n s y l v a n i a , proposal t o merge with Farmers
Community Bank, S t a t e C o l l e g e , P e n n s y l v a n i a , under
t h e c h a r t e r and t i t l e of t h e f o r m e r ; r e p o r t t o t h e
C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . 1/
1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated a u t h o r i t y .
I
H.2, M 8 3 N o . 46
- 2 ACTIONS OF THE BOARD - Continued
Phi 1 adel phi a
Merchants of Shenandoah Bancorp, Shenandoah, Pennsylv a n i a , e x t e n s i o n of time t o February 28, 1984,
w i t h i n which t o become a bank holding company through
t h e a c q u i s i t i o n of 100 p e r c e n t of t h e v o t i n g s h a r e s
of Merchants National Bank of Shenandoah, P e n n s y l v a n i a . V
CI eveland
United Bancorp, I n c . , Martins F e r r y , Ohio, e x t e n s i o n of
time t o March 30, 1984, w i t h i n which t o a c q u i r e The
C i t i z e n s Savings Bank of Martins F e r r y , Martins F e r r y ,
Ohio. 1/
Pichmond
Concord N a t i o n a l , I n c . , Concord, North C a r o l i n a , e x t e n s i o n
of time t o December 1?, 1983, w i t h i n which t o become a
bank h o l d i n g company through t h e a c q u i s i t i o n of Concord
National Bank, Concord, North C a r o l i n a . ]_/
Richmond
Union T r u s t Company of Maryland, B a l t i m o r e , Maryland,
e x t e n s i o n s of time w i t h i n which t o e s t a b l i s h b r a n c h e s :
f1) t o December 16, 1984, a f r e e s t a n d i n g d r i v e - i n a t
11Q45 P e i s f e r s t o w n Road, B a l t i m o r e County; (?) t o
November 15, 1984, a f u l l - s e r v i c e branch a t 721-23
Hammonds F e r r y Road, Linthicum; and (3) t o November 20,
1984, a branch on U. S. Route 50, Trappe, Maryland. ]_/
Richmond
Peoples Bank of C h a r l e s Town, C h a r l e s Town, West V i r g i n i a ,
an investment in hank p r e m i s e s . 2 /
Richmond
Valley National Bank, B r i d g e w a t e r , V i r g i n i a , proposed
a c q u i s i t i o n of t h r e e Augusta County o f f i c e s of V i r g i n i a
National Bank, N o r f o l k , and F i r s t & Merchants National
Bank, Richmond, V i r g i n i a ; r e p o r t t o t h e Federal Deposit
I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . ]_/
Richmond
F i r s t American Bank of V i r g i n i a , McLean, V i r g i n i a ,
proposed a c q u i s i t i o n of 23 o f f i c e s of Vi r g i n i a National
Bank, N o r f o l k , and F i r s t & Merchants National Bank,
Richmond, V i r g i n i a ; r e p o r t t o t h e Federal Deposit
I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . V
Richmond
F i r s t American Rank of V i r g i n i a , McLean, V i r g i n i a , proposed merger with F i r s t P e n i n s u l a Bank and Trust Company,
Hampton, V i r g i n i a ; r e p o r t t o t h e Federal Deposit
I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/
)/
A p p l i c a t i o n proccs^f-fi on b e h a l f of t h e Board of Governors under
f c l r-CAt f.f' a u t h o r M y .
w.?, '
.
- 3 a r ; O F
TH^ pn/^PP - Continued
&i m- "1
Adrian A;f Khannon Rank, Ruckhannon, West V i r g i n i a ,
proposed merger with A. P. Bank, Puckhannon, West
V i r g i n i a , a proposed new bank; r e p o r t to t h e
f * d e r a l r ^ p n s i t Insurance C o r p o r a t i o n on c o m p e t i t i v e
/ i
Pan» of
^
, F o r e s t , M i s s i s s i p p i , an investment in
p r a i s e s . 2/
? n i r n *>ank & Trust Company, Montgomery, Alabama,
an investment m hank p r e m i s e s . ] /
/tU'?/
%i
*
n !ar?,<
C l i n t o n P an cs ba re s * I n c . , C l i n t o n , L o u i s i a n a , e x t e n s i o n
nf t i r e to February 4 , 19R4, w i t h i n which t o become a
hfn& h o l d i n g company through t h e a c q u i s i t i o n of
CMntun Rank X T r u s t Company, C l i n t o n , L o u i s i a n a . V
SeacoasT Ranking C o r p o r a t i o n of F l o r i d a , S t u a r t , F l o r i d a ,
e x f e n s ion of time t o J a n u a r y 1 &, 1984, w i t h i n which t o
become a ban; Molding company through t h e a c q u i s i t i o n
of F i r s t National Rank A T r u s t Company, S t u a r t , F l o r i d a . 2 /
F i r s t P ^ r n f - s v i H e C o r p o r a t i o n , Rarnesvi T i e , Georgia, ext w s w r to time to February !Q, 19R4, w i t h i n which t o
hpmme a rank h o l d i n g company through t h e a c q u i s i t i o n
nt F i r s * f'aftAna] Rank of R a r n e s v i l l e , R a r n e s v i l l e ,
nenr(*i/i. 1/
C a p i t a l r i f y Rank Group, I n c . , T a l l a h a s s e e , F l o r i d a ,
e x t e n s i o n of time t o February 16, 19P&, w i t h i n which
t o bmeore a bank h o l d i n g company through the a c q u i s i t i o n
nf r ^ p t t a l C i t y F i r s t National Rank of T a l l a h a s s e e ,
C a p i t a l City Second National Rank, T a l l a h a s s e e ,
M i s t r i a l National Rank, T a l l a h a s s e e , City National
;*an&, l a l l a b a s s e e , Havana S t a t e Rank, Havana, and
HrsT
lonal rank of J e f f e r s o n County,
Monti, *4 I n , a l l in F l o r i d a .
*
F ' r s f r a t i o n a l J a s p e r C o r p o r a t i o n , J a s p e r , Alabama,
e%tensinn of time t o March 1, 19R4, w i t h i n which t o
b e f o r e a bank holding company through t h e a c q u i s i t i o n
r f the F i r s t National Rank of J a s p e r , J a s p e r , Alabama. ]_/
nr / x c h a r y , / a r h a r y , L o u i s i a n a , proposed merger with
i nf ! nij ? r i
^ Zachary, L o u i s i a n a ;
m t h e H-ff.ro! ''^posi i Insurance Corporation
' r
; r7*, r
hnrif y.
n fi
T-irt^rs.
if
1/
t r A ^f,c*rd of Governors under
ACTIONS OF THE BOARD - Continued
Atlanta
f i d e l i t y Bant ano Trust Company, S l i d e l l , L o u i s i a n a ,
proposed merger with F i d e l i t y Interim Bank and
Trust Company. SI Mel I , Louisiana; report to the
f e d e r a l Deposit Insurance Corporation on c o m p e t i t i v e
factors. 2/
At 1 dflt <9
H w r w a Nation * I Bank, J a c k s o n v i l l e , F l o r i d a , proposed
merger with s i x o f f i c e s of Sun Bank/Hi 11sborough,
Tampa, F l o r i d a ; report t o the Comptroller of the
(urrency on c o m p e t i t i v e f a c t o r s . ] /
Atlanta
Amsouth Bank, &.A., Birmingham, Alabama, proposed
merger with C i t i z e n s Bank of Wetumpka, Wetumpka,
Georgia; report to the Comptroller of the Currency
on c o m p e t i t i v e f a c t o r s . ] /
Atlanta
E l l i s National Bank of J a c k s o n v i l l e , J a c k s o n v i l l e ,
F l o r i o a , proposed merger with J a c k s o n v i l l e National
Bank, J a c k s o n v i l l e , F l o r i d a ; report t o the Comptroller
of the Currency on c o m p e t i t i v e f a c t o r s . U
Chicago
Continental International Finance Corporation, Chicago,
I l l i n o i s , e x t e n s i o n of time t o November 6 , 1984,
within which t o continue t o hold shares of common
stock of Decair Corp., acquired in s a t i s f a c t i o n of
debts previously contracted. ] /
Chicaqo
Sandwicn Interim Bank, Sandwich, I l l i n o i s , a p p l i c a t i o n
f o r ^rior approval t o merge with The Sandwich S t a t e
Bank, Sandwich, I l l i n o i s , under the c h a r t e r of The
Sandwich Interim Bank and t i t l e of The Sandwich S t a t e
Bank; report t o the Federal Deposit I n s u r a n c e C o r p o r a t i o n
on c o m p e t i t i v e f a c t o r s , j /
S t . Louis
F i r s t Bank Capital Corporation, Tupelo, M i s s i s s i p p i ,
e x t e n s i o n of time to February 12, 1984, w i t h i n which
to become a bank holding company through t h e a c q u i s i t i o n
of the s u c c e s s o r by merger t o F i r s t C i t i z e n s National
Bank, Tupelo, M i s s i s s i p p i . ] /
S t . low?'
N r i n n v i l l e B a n c s h a r e s , I n c . , Neosho, M i s s o u r i , e x t e n s i o n
of time t o J a n u a r y 19, 1984, w i t h i n which t o become a
bank h o l i n g company through t h e a c q u i s i t i o n of F i r s t
S t a t e Bank of M a r i o n v i l l e , M a r i o n v i I l e , M i s s o u r i . 2 /
T?
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated authority.
H.P, 1983 0%.
- 5 ACTIONS OF THE BOARD - Continued
S t . Louis
Commercial & Industrial Bank, Memphis, Tennessee,
proposed merger with t h e F i r s t National Bank of
Savannah, Savannah, Tennessee; r e p o r t t o t h e
Federal Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e
factors. 2/
S t . Louis
Landmark Bank of South County, S t . L o u i s , M i s s o u r i ,
proposal t o merge with Landmark Bank of Sunset
H i l l s , N.A., Sunset H i l l s , M i s s o u r i ; r e p o r t t o
t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on
competitive f a c t o r s . ] /
S t . Louis
C i t i z e n s National Bank of F v a n s v i l l e , F v a n s v i l l e ,
I n d i a n a , proposal t o merge with CNB National Bank,
F v a n s v i l l e , I n d i a n a ; r e p o r t t o t h e C o m p t r o l l e r of
t h e Currency on c o m p e t i t i v e f a c t o r s . 2 /
S t . Louis
Merchants and Farmers Bank, Columbus, M i s s i s s i p p i ,
an a d d i t i o n a l investment in bank p r e m i s e s . 2 /
S t , Louis
Ashley Bancstock Company, C r o s s e t t , A r k a n s a s , e x t e n s i o n
of t i m e t o February 29, 1984, w i t h i n which t o become
a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of
t h e s u c c e s s o r by merger t o t h e F i r s t National Bank
of C r o s s e t t , C r o s s e t t , A r k a n s a s . _]_/
S t . Louis
C i t i z e n s Bancorp of Hickman, I n c . , Hickman, Kentucky,
e x t e n s i o n of time t o February ? ? , 1984, w i t h i n which
t o become a bank h o l d i n g company through t h e a c q u i s i t i o n
of t h e s u c c e s s o r by merger t o t h e C i t i z e n s Bank, Hickman,
Hickman, Kentucky. V
S t . Louis
S t a t e National Bank of F r a n k f o r t , F r a n k f o r t , Kentucky,
proposal t o merge with New S t a t e National Bank of
F r a n k f o r t , F r a n k f o r t , Kentucky; r e p o r t t o t h e Comptroller
of t h e Currency on c o m p e t i t i v e f a c t o r s . ]_/
Minneapolis
S u p e r i o r F i n a n c i a l C o r p o r a t i o n , Sa ult S t e . Marie, Michigan,
e x t e n s i o n of time t o February 19, 1984, w i t h i n which t o
a c q u i r e t h e S a u l t Savings Bank, S a u l t S t e . Marie,
Michigan. ]_/
Kansas C i t y
Fremont National Bank and T r u s t Company, Fremont, Nebraska,
proposal t o merge with Fremont Bank, N.A., Fremont,
Nebraska; r e p o r t t o t h e C o m p t r o l l e r of t h e Currency on
c o m p e t i t i v e f a c t o r s . 1/
1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated a u t h o r i t y .
H.?, 1983 No. 46
- 6 ACTIONS OF THE BOARD - Continued
Kansas City
Trenton T r u s t Company, T r e n t o n , M i s s o u r i , proposal t o
merge with Cook and Vencil Rank, G a i t , M i s s o u r i ;
r e p o r t t o t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n
on c o m p e t i t i v e f a c t o r s . ]J
Kansas C i t y
Post Bancorp, I n c . , Colorado S p r i n g s , Colorado, e x t e n s i o n
of time t o March 2 , 1984, w i t h i n which t o a c q u i r e
Northern National Bank, Colorado S p r i n g s , C o l o r a d o . _]_/
Pal l a s
P l a c i d Oil Company, D a l l a s , Texas, d e r e g i s t r a t i o n s t a t e m e n t
under Pegul a t i o n G f o r r e g i s t e r e d l e n d e r . J_/
Dal l a s
American National I n s u r a n c e Company, G a l v e s t o n , Texas,
d e r e g i s t r a t i o n statement under R e g u l a t i o n G f o r
r e g i s t e r e d l e n d e r . ]_/
Hal l a s
F r i t c h S t a t e Bank, F r i t c h , Texas, proposed merger with
New F r i t c h S t a t e Bank, F r i t c h , Texas; r e p o r t t o t h e
Federal Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e
factors. JJ
San
Francisco
C i t i z e n s Commercial Trust and Savings Bank of Pasadena,
Pasadena, C a l i f o r n i a , proposed a c q u i s i t i o n of a s s e t s
and assumption of l i a b i l i t i e s of t h e San Marino,
C a l i f o r n i a , branch of B a r c l a y s Bank of C a l i f o r n i a ,
San F r a n c i s c o , C a l i f o r n i a ; r e p o r t t o t h e Federal
Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . ]_/
San
Francisco
Santa Ana Savings & Loan A s s o c i a t i o n , a proposed new bank,
Santa Ana, C a l i f o r n i a , proposed a c q u i s i t i o n of c e r t a i n
a s s e t s and l i a b i l i t i e s of t h e 17th and B r i s t o l branch of
Imperial Bank, Los A n g e l e s , C a l i f o r n i a , under t h e
c h a r t e r and t i t l e of t h e f o r m e r ; r e p o r t t o t h e Federal
Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . ]_/
San
Francisco
San J o s e I n t e r i m National Bank, San J o s e , C a l i f o r n i a ,
proposed merger with San J o s e National Bank, San
J o s e , C a l i f o r n i a , under t h e c h a r t e r of t h e former and
with t h e t i t l e of t h e l a t t e r ; r e p o r t t o t h e Comptroller
of t h e Currency on c o m p e t i t i v e f a c t o r s . V
San
Francisco
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los A n g e l e s ,
C a l i f o r n i a , e x t e n s i o n s of time w i t h i n which t o e s t a b l i s h b r a n c h e s : (1) t o November 18, 1984, a branch in
t h e v i c i n i t y of t h e i n t e r s e c t i o n of Highway 111 and
Country Club D r i v e , Rancho Mirage; (?) t o November 20,
1984, an o f f i c e in t h e v i c i n i t y of t h e i n t e r s e c t i o n
of Highway 49 and Brunswick Road, Grass V a l l e y ;
(3) t o November 27, 1984, an o f f i c e in t h e v i c i n i t y
JJ
~~
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated a u t h o r i t y .
H . ? , 14R3N0. 46
- 7 ACTIONS OF THE BOARD - Continued
of t h e i n t e r s e c t i o n of Central and San Tomas Expressways,
Santa C l a r a ; and (4) t o November ? 8 , 1984, a branch a t
Rancho Santa Fe Road and San Marcos Boulevard; San Marcos,
California. V
San
Francisco
]/
RankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a ,
e x t e n s i o n of time t o December ? , 19P4, w i t h i n
which t o make an a d d i t i o n a l investment in BankAmerica
Overseas Finance C o r p o r a t i o n N.V., Netherlands
A n t i l l e s . 1/
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated a u t h o r i t y .
H . ? , 1983 No. 46
- 8 ACTIONS OF THE BOARD - Continued
To Merge Pursuant t o S e c t i o n 18(c) of the
Federal Deposit Insurance Act
Approved
Flagship Bank of Tampa, Tampa, F l o r i d a , to merge with
Sun Bank/Hi 1lsborough, Tampa, F l o r i d a . J /
Atlanta
Issued Intent Not t o Disapprove Change of Control
Pursuant t o Change in Bank Control Act of 1978
Kansas City
Not Disapproved
United Kansas Bank Group, I n c . , Merriam, Kansas. 1/
Dal l a s
Union of Texas Bancshares, I n c . , Houston, Texas. J_/
Dal l a s
The HNB Corporation, Homer, Louisiana. ] /
*
*
*
*
To E s t a b l i s h a Domestic Branch Pursuant to
S e c t i o n 9 of the Federal Reserve Act
Cleveland
Approved
The F i f t h Third Bank, C i n c i n n a t i , Ohio. To e s t a b l i s h
a CBCT branch at Christ H o s p i t a l , C i n c i n n a t i , Ohio. ] /
Richmond
Southern Bank, Richmond, V i r g i n i a . To e s t a b l i s h a
branch o f f i c e at 100 McLaws C i r c l e , James City
County, V i r g i n i a . V
Chicago
Genesee Merchants Bank & Trust Co., F l i n t , Michigan.
To e s t a b l i s h automatic t e l l e r s at the f o l l o w i n g
l o c a t i o n s : Hurley Medical Center, Hurley Plaza,
f l i n t , Michigan; F l i n t Osteopathic H o s p i t a l , 3921
Beecher Road, F l i n t , Michigan; GMI Engineering &
Management I n s t i t u t e , 1700 W. Third Avenue, F l i n t
Michigan. 1/
T7
A p p l i c a t i o n processed on behalf of t h e Board of Governors under
delegated authority.
*
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It;
a? t^f
r i L a Pf^k - C p r f r a l . ( a n s i n y , Micinyan.
aut&^afed t e l l e r machine
r a n e e on t h e qround Moor of t h e
r d r i n ^t r i* n P u i l d i r * ; , 9?D Town send S t . ,
y i c h i y a n . 1/
WT <
Tiiv
r x ; / e r s $ \T^(# Kank amf Trust C o . , F l l s w o r t h , Kansas.
In
a f a c i l i t y % oca ted a t t h e NW c o r n e r of
>?+*f s e c : ? ' tif Highways *56 an^ Wi% FT I s w o r t h ,
!;
^f
?<#*:$") P a ^ k , * ave J u n c t i o n , Oregon. To e s t a b l i s h
a t f4»nc* a f * #te t o he l o c a t e d in t h e Deer Creek Plaza
v K : f ;?y r f *re i n t e r s e c t i o n of Peer Creek Road
Miqhvay in ^elma, Oregon. 1/
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f^he
^ s i f t w.rt
t: ? a ; i » i c a t m n s f r I n t e r n a t i o n a l
K
r t f ^ r f c t w r t Pursuant t o S e c t i o n / 4 and ? h ( a )
v#* f i t
Actions
^ ( c X U ) and A f c ) ( 1 4 )
t-rlf*inc Torgary ^ct
1^56, as anended
Approver
^ - n r t l a m ,
Oregon: g r a n t s consent t o
»-<:
- s*"
- * [ c r t n ^ d i n y company, U. S. World
I",* w o r ; r a t i o n , P o r t l a n d , Oregon.
{^wr
-
*, ! "
'
\ %&*ar$ :
f*
-f *T ,*ry .
r p f j p ( f Allowed t o e x p i r e
Investment C o r p o r a t i o n , kiliTiington,
no o b j e c t i o n t o a c q u i r e a d d i t i o n a l s h a r e s
^ e u t s c n l a n d ^ Crb^\ F r a n k f u r t , West
^ ,T ;< ( , ?rw h»'% ^ ** w \ r r . ;
no o b j e c t i o n t o make an
<*/<?%( son*! m v ^ s t r e n t in C i t i c o r p C r e d i t , I n c . , Tokyo,
.? ^ <40 .
Ku:»
* ^ r $ . f n d M ,t %;:* Sar F r a n c i s c o , C a l i f o r n i a :
f " MKr^SH ; f s investment in i f s i n d i r e c t s u b s i d i a r y ,
%YMilan, I f d ' v .
A;,* i M a" K ' |
"4" fqaf f-"
*.," ..;
1% .
1f nf The- Koard of f o v e r n o r s under
- m
ACTinNS OF IMF BOARD - Continued
?n F n m a Rank Holding Company Pursuant t o Section
nf t h e Bank Holding Company Act of 1Q56
Phi l a d e ! p h i a
r l e v e l and
1anta
Approved
I VP F i n a n c i a l C o r p o r a t i o n , P h i l a d e l p h i a , P e n n s y l v a n i a ,
f o r approval t o a c q u i r e TOP p e r c e n t of t h e v o t i n g
s h a r e s of t h e s u c c e s s o r by merger t o I n d u s t r i a l
Valley Rank and Trust Company, P h i l a d e l p h i a ,
Pennsylvania.
P e o p l e s S e c u r i t y Bancorp, I n c . , L o u i s a , Kentucky, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of The P e o p l e s S e c u r i t y Rank of L o u i s a , L o u i s a ,
Kentucky. V
NRN C o r p o r a t i o n , Newport, T e n n e s s e e , f o r approval t o
a c q u i r e AO p e r c e n t of t h e v o t i n g s h a r e s of National
Rank of Newport, Newport, T e n n e s s e e . 2 /
Atlanta
Peoples Rankshares I n c o r p o r a t e d , E a t o n t o n , Georgia, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
nf The Peoples Bank, E a t o n t o n , G e o r g i a . ]_/
Chicago
Fox Lake R a n k s h a r e s , I n c . , Fox Lake, Wisconsin, f o r
approval to a c q u i r e at l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of S t a t e Rank of Fox Lake, Fox Lake, Wisconsin. ] /
Chicago
H i l l s R a n c o r p o r a t i o n , H i l l s , Iowa, f o r approval t o a c q u i r e
100 p e r c e n t of t h e v o t i n g s h a r e s of H i l l s Bank and
Trust Company, H i l l s , Iowa. V
Chicago
KSAP, I n c . , Council B l u f f s , Iowa, f o r approval t o a c q u i r e
at l e a s t AO p e r c e n t of t h e v o t i n g s h a r e s of F i r s t
National Rank of Council B l u f f s , Council B l u f f s , Iowa.
Chicago
NPG F i n a n c i a l C o r p o r a t i o n , Greenwood, I n d i a n a , f o r
approval t o a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r s '
q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of t h e
s u c c e s s o r hy merger t o The National Bank of Greenwood,
Greenwood, I n d i a n a . 2 /
Chicago
l-estmont Corporat. ion , West Union , Iowa , f o r approval
t o a c q u i r e 80 p e r c e n t of t h e voting s h a r e s of The
Farmers Savings Bank, West Union, Iowa. 1/
'
fp* Meat inn p r o c e s s e d nn behalf of t h e Board of Governors under
awfhnrify.
1%?, 1 W 1%. AG
- 11 ACTIONS OF THE POARO - Continued
St. louis
F i r s t Perry P a n c o r p , I n c . , P i n c k n e y v i l l e , I l l i n o i s ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of t h e s u c c e s s o r hy merger t o F i r s t
National Pank in P i n c k n e y v i l l e , P i n c k n e y v i l l e ,
111innis. V
S t . Louis
Lakeside P a n c s h a r e s I n c o r p o r a t e d , Hughes, Arkansas,
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of The P l a n t e r s National Pank of Hughes,
Hughes, A r k a n s a s . ] /
Minneapolis
Frandsen P a n c s h a r e s , I n c . , Luck, Wisconsin, f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i d e l i t y
S t a t e Pank, Luck, Wisconsin, j y
Minneapolis
K i t t s o n Investment Company, G r y g l a , Minnesota, f o r
approval t o a c q u i r e 9 9 . 2 p e r c e n t of t h e v o t i n g s h a r e s
of American S t a t e Pank of G r y g l a , Minnesota.
Minneapolis
Milk River I n v e s t m e n t s , I n c . , H i n s d a l e , Montana, f o r
approval t o a c q u i r e a t l e a s t AO p e r c e n t of t h e v o t i n g
s h a r e s of F i r s t National Pank of H i n s d a l e , H i n s d a l e ,
Montana.
Kansas C i t y
The C i t i z e n s S t a t e Pank and C i t i z e n s Holding C o r p o r a t i o n
Employees' Stock Ownership P l a n , Keeneshurg, Colorado,
f o r approval t o p a s s i v e l y i n c r e a s i n g i t s ownership of
t h e v o t i n g s h a r e s of C i t i z e n s Holding C o r p o r a t i o n ,
Keeneshurg, C o l o r a d o , from 24.QO p e r c e n t t o 41.4F
p e r c e n t . 1/
Kansas C i t y
Farmers and Merchants Pancorp, I n c . , Hill C i t y , Kansas,
f o r approval to a c q u i r e a t l e a s t PO p e r c e n t of t h e
v o t i n g s h a r e s of The Farmers and Merchants Rank of
H i l l C i t y , H i l l C i t y , Kansas. 2 /
Kansas C i t y
P l a i n v i l l e P a n c s h a r e s , I n c . , P l a i n v i l l e , Kansas, f o r
approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of P l a i n v i l l e S t a t e Pank, P l a i n v i l l e , Kansas. 2 /
Pallas
F i r s t Community F i n a n c i a l C o r p . , L u f k i n , Texas, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of Community S t a t e Pank, L u f k i n , Texas. 1/
*
V
*
*
*
*
*
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Poard of Governors under
delegated authority.
H.2, 19P3 No. 46
- 12 ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
Withdrawn
F i r s t Bancshares of Texas, I n c . , Longview, Texas,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of The F i r s t National Bank of A t l a n t a ,
A t l a n t a , Texas. 1/
Pallas
Approved
The C o n i f e r / E s s e x Croup, I n c . , W o r c e s t e r , M a s s a c h u s e t t s ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of Union National Bank, Lowell, M a s s a c h u s e t t s and
Falmouth Bank and T r u s t Company, Falmouth, M a s s a c h u s e t t s . ]_/
Boston
Atlanta
SouthTrust C o r p o r a t i o n , Birmingham, Alabama, f o r approval
t o a c q u i r e 75 p e r c e n t of t h e v o t i n g s h a r e s of C i t i b a n c
Croup, I n c . , Alexander C i t y , Alabama. 1/
Chicaqo
FIRST OAK BROOK BANCSHARES, INC., Oak Brook, I l l i n o i s ,
f o r approval t o a c q u i r e a t l e a s t 9 5 . ? p e r c e n t of t h e
v o t i n g s h a r e s of Warrenvi11e Bank and Trust Co.,
W a r r e n v i l l e , I l l i n o i s . 1/
*
*
*
*
*
To Fxpand a Bank Holding Company Pursuant t o Section
4 ( c ) ( P ) of t h e Bank Holding Company Act of 1956
New York
Cleveland
i/
Approved
Chemical New York C o r p o r a t i o n , New York, New York,
f o r approval t o a c q u i r e t h r o u g h i t s newly-organized
s u b s i d i a r y , ASX, I n c . , 100 p e r c e n t of t h e p a r t n e r s h i p
i n t e r e s t s in A l e x a n d e r , S c r i v e r and A s s o c i a t e s ,
Oenver, C o l o r a d o , and t h e r e b y t o engage in nonbankinc
a c t i v i t i e s . ]_/
F.N.B. C o r p o r a t i o n , Hermitage, P e n n s y l v a n i a , f o r approval
t o a c q u i r e t h e f i n a n c e r e c e i v a b l e s and equipment, r e t a i n
t h e p e r s o n n e l , and assume t h e r e a l e s t a t e l e a s e o b l i g a t i o n s of f i v e o f f i c e s of Carson Consumer Discount
Company, Well s h o r n , P e n n s y l v a n i a . ] /
A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under
delegated a u t h o r i t y .
ACTIONS OF THE ROAPD - Continued
Cleveland
f n c i e f y C o r p o r a f i n n . C l e v e l a n d , Ohio, f o r approval t o
engage in p r o v i d i n g management c o n s ; ; ! t i ng s e r v i c e s
T,, PancSystems A s s o c i a t i o n , Rocky R i v e r , Ohio, a
nondepository i n s t i t u t i o n .
Cf
Comerira I r c o r p o r a t e d , P e t r o i t , Michigan, f o r approval
t c e s t a b l i s h a de novo s u b s i d i a r y , Comerica-Midwest,
a r d t o engage de novo in making or a c q u i r i n g
f o r i t s own account or f o r t h e account of o t h e r s ,
l o a n s and o t h e r e x t e n s i o n s of c r e d i t , such as would
he r a d e hy a f i n a n c e o r c r e d i t card company in
Toledo, Ohio.
iouit
L a k e s i d e P a n c s h a r e s I n c o r p o r a t e d , Hughes, Arkansas, f o r
a p p r o v a l t o encage d i r e c t l y in r e a l e s t a t e a p p r a i s a l s . 1/
Permi f t e d
Flee? H r a n r W Group, I n c . , P r o v i d e n c e , Rhode
I n l a n d , n o ^ i f i r a t i o n of i n t e n t t o engage in
de novo a c t i v i r i e s (f i ) o r i g i n a t i o n and s a l e of
r e s i d e n t i a l and commercial mortgage loans and loans
snn.rm?
j u n i o r l i e n s on r e s i d e n t i a l real e s t a t e ;
i r s e r v i c ing nf r e s i d e n t i a l and commercial
mortgage loar< and loans secured hy j u n i o r l i e n s
on r e s i d e n t i a l r e a l e s t a t e ) a t w r i t e r s ' Five
1P71 South P e l l a i r e S t r e e t , Denver,
C n i o r a d r , t h e s e r v i c e a r e a w i l l be t h e Colorado
c o u n t i e s of ; Adams, Arapahoe, P o u l d e r , Clear
f r e e ? , ^ o u g l a s , F l b e r t , F1 Paso* G i l p i n , J e f f e r s o n ,
l a r i m e r , Korean, P a r k , T e l l e r , Weld, through i t s
t,*K<Jdiary, F l e e t Mortgage Corp. H l / 1 9 / % 3 ) 3/
*
or#^
Thf Chasm Manhattan C o r p o r a t i o n , New York, New York,
rccups+s p e n r i s s i o n to e s t a b l i s h a de novo o f f i c e
engaging in The t o ) l o v i n g a c t i v i t i e T " f m a k i ng or
a c q u i r e d f o r i t s own account and f o r t h e
account o* o t h e r s , l o a n s and o t h e r e x t e n s i o n s
of (rmffif* hnrh secured and unsecured i n c l u d i n g ,
but not * i m i t M t :, consumer jnd b u s i n e s s l i n e s
of r r e t f i f , m s f c l l ^ e n t l o a n s f n r p e r s o n a l , household
ar/i b u s i n e s s p u r p o s e s and mortgage loans secured
; y r^t'l ; r ^ p A r t y ; s e r v i c i n g x»a^ s and o t h e r e x t e n s i o n s
o r * , 0 ^ ( f f h- KOdrd of Governors under
* it
^
+y .
wnX" f^MficatK^
by Pes,-' ve Pank on b e h a l f of t h e
f ^ a n - nf C o v e r r n r s ' ; r d e r d e l e g a t e d ai,t hr r i t y .
i
frtifKS
THE POAQD . C'.itinued
of crm^11; and a c t i n g as insurance agent for c r e d i t
l i f e insurance and c r e d i t accident and health
insurance d i r e c l t y r e l a t e d »o such lending and
< e f v i c i e g a c t i v i t i e s ) at Pickwick Plaza, Building 34,
f r e e ^ w i c h , Connecticut, through i t s s u b s i d i a r y , Chase
Vdohaltar Financial S e r v i c e s , Inc. ( 1 1 / 1 6 / 8 3 ) 2 /
C i t i c o r p , %ew York, New York, requests permission t o
expand the s e r v i c e area to include the S t a t e of
Connecticut of an e x i s t i n g o f f i c e s engaging in
%he f o l l o w i n g a c t i v i t i e s ( t h e making or acquiring
o* leant and otner e x t e n s i o n s of c r e d i t , secured
er t , r t e f u r e d , f o r consumer and other purposes;
IN* purchasing and s e r v i c i n g for i t s own account
of s a l e < f i n a n c e c o n t r a c t s ; the e x t e n s i o n of
loams t o d e a l e r s for the financing of inventory
TMerr ( t a n n i n g ! and working c a p i t a l purposes;
f r o t t e < * r v i c m g , for any person, of loans and
o*N»r e&fensions of c r e d i t ) at Praintree Hill
M f i c f "art,
* r a i n t r e e Hill Park, P r a i n t r e e ,
P * s s < » f » ; s M t s . through i t s s u b s i d i a r y , C i t i c o r p
Acceptance Company$ %nc. (Delaware) ( 1 1 / 1 7 / 8 3 )
( i t i r o r p . Te# York, New York, requests permission
to expand the s e r v i c e area of an e x i s t i n g o f f i c e
t o include tn*. f o l l o w i n g a c t i v i t i e s (the making
of acquiring of loans and other e x t e n s i o n s of
c r e m * . secured or unsecured, for consumer and
purposes; the e x t e n s i o n of loans t o d e a l e r s
f^r t t e f i n a n c i n g of inventory Ffloor planning!
c a p i t a l purposes; the purchasing and
tor i t s own account of s a l e s finance
IN? s a l e of c r e d i t r e l a t e d l i f e and
accident ard h e a l t h insurance ^y l i c e n s e d agents
or hro&^rs, as required; the making of loans t o
i m v i d u a l s ,*nd n u s i r e s s e s secured oy a l i e n on
f \ y * s , modular u n i t s or r e l a t e d manufactured
h o u s i n g , ( f g e t n e r wilh the real property t o which
wch
mo i s or w i l l he permanently a f f i x e d ,
%ucr pr,»^rty oeing used as s e c u r i t y for loans;
a*ft
fur any person, of loans and
gwfhf-r *«xfen<ioo< uf r r e d i t ) at HUH Dutch Square
iiJfch P l a z a , ^ u i t e 100, Columbia, South
i^s si.M^diary, C i t i c o r p
;
forpa^y. Inc. H 1 / I 7 / P 3 ) 3/
frfc#-s^ec ! y Peserve Rank on behalf of the
%rvffeors inder d e l e g a t e d a u t h o r i t y .
-17ACTIONS OF THE BOARD - Continued
t h e Texas Credit Code) at 10501 Market, Houston,
Texas, the s e r v i c e area w i l l be H a r r i s County,
Texas, through i t s s u b s i d i a r y , Mercury Acceptance
Corporation ( 1 1 / 1 8 / 8 3 ) 3/
3 am
Francisco
RankAmerica Corporation, San F r a n c i s c o , C a l i f o r n i a ,
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
Mn the a c t i v i t i e s of s e c u r i t i e s b r o k e r a g e c o n s i s t i n g
p r i n c i p a l l y of buying and s e l l i n g s e c u r i t i e s s o l e l y
upon the order and for the account of c u s t o m e r s , and
of extending margin c r e d i t in c o n f o r m i t y with
Regulation T) at 9461 Wilshire Boulevard, S u i t e 100,
Beverly H i l l s and 1101 Westwood B o u l e v a r d , S u i t e 100,
Los A n g e l e s , both loc ate d in C a l i f o r n i a , s e r v i n g a i l
f i f t y S t a t e s and the D i s t r i c t of Columbia, through
i t s s u b s i d i a r y , Charles Schwab & C o . , I n c . ( 1 1 / 1 5 / 8 3 ) 2 /
San
f rancisco
f i r s t I n t e r s t a t e Bancorp, Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n
making or acquiring loans and o t h e r e x t e n s i o n s of c r e d i t ,
such as commercial loans secured by a b o r r o w e r ' s i n v e n t o r y ,
accounts r e c e i v a b l e or other a s s e t s , and s e r v i c i n g l o a n s )
in the S t . Louis, Missouri a r e a , s e r v i n g t h e Midwestern
S t a t e s , through i t s s u b s i d i a r y , F i r s t I n t e r s t a t e Commercial
Corporal ion ( 1 1 / 1 4 / 8 3 ) 3/
\an
^ antisco
F r o n t i e r Bancorp, V i s t a , C a l i f o r n i a , n o t i f i c a t i o n of
i n t e n t t o engage in de novo a c t i v i t i e s ( i n s e r v i c i n g
and s e l l i n g l o a n s in t h e secondary market p e r m i t t e d
by t h e C a l i f o r n i a Personal P r o p e r t y B r o k e r s ' Law)
t h e s e a c t i v i t i e s would be conducted in t h e S t a t e of
C a l i f o r n i a , t h r o u g h i t s s u b s i d i a r y , Vista F r o n t i e r
Financial Services, Inc. (11/14/83) 2 /
San
f ran(iSCv
S e c u r i t y P a c i f i c C o r p o r a t i o n , 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 i n t e n t t o engage in de novo a c t i v i t i e s
f i n making or a c q u i r i n g f o r i t s own account or f o r
t h e account of o t h e r s , l o a n s and e x t e n s i o n s of c r e d i t ,
i n c l u d i n g making consumer i n s t a l l m e n t personal l o a n s ,
p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ,
making l o a n s t o small b u s i n e s s e s and o t h e r e x t e n s i o n s
of c r e d i t such as would be made by a f a c t o r i n g company
nr a consumer f i n a n c e company, and a c t i n g as b r o k e r or
a g e n t f o r t n e s a l e of c r e d i t - r e l a t e d l i f e , a c c i d e n t
and h e a l t h i n s u r a n c e , such i n s u r a n c e a c t i v i t i e s being
p e r m i t t e d p u r s u a n t t o S e c t i o n 601(A) and (D) of T i t l e
V! of t h e Garn-St Germain Act) a t 2627 Hylan B o u l e v a r d ,
j/
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e
Roard of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 46
- 1 8 -
ACTIONS OF THE BOARD - Continued
S t a t e n I s l a n d , New York, s e r v i n g t h e S t a t e of New York,
through i t s s u b s i d i a r i e s , S e c u r i t y P a c i f i c Finance
Corp. and SPF C r e d i t S e r v i c e s , I n c . ( 1 1 / 1 9 / 8 3 ) 3/
San
Francisco
3/
S e c u r i t y P a c i f i c C o r p o r a t i o n , 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 i n t e n t t o engage in de novo
a c t i v i t i e s ( i n making o r a c q u i r i n g f o r i t s own
account or f o r t h e account of o t h e r s , l o a n s and
e x t e n s i o n s of c r e d i t , i n c l u d i n g making consumer
i n s t a l l m e n t p e r s o n a l l o a n s , p u r c h a s i n g consumer
i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making l o a n s
t o small b u s i n e s s e s and o t h e r e x t e n s i o n s of c r e d i t
such as would be made by a f a c t o r i n g company or
a consumer f i n a n c e company and a c t i n g as b r o k e r
or agent f o r t h e s a l e of c r e d i t l i f e , a c c i d e n t and
h e a l t h i n s u r a n c e , and c r e d i t p r o p e r t y i n s u r a n c e ,
such i n s u r a n c e a c t i v i t i e s being p e r m i t t e d p u r s u a n t
t o S e c t i o n 601(A) and (D) of T i t l e VI of t h e GarnSt Germain Act) a t 7827 C o l i n a , City of I n d u s t r y ,
C a l i f o r n i a , s e r v i n g t h e S t a t e of C a l i f o r n i a , through
i t s s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Corp.
(11/19/83) 3/
4 ( c ) ( A ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.?, 19P3 No. 46
. 19 APPLICATIONS RECEIVED
To E s t a b l i s h a Domestic Branch Pursuant t o S e c t i o n 9
of t h e Federal Reserve Act
Philadelphia
Girard Bank, Pal a Cynwyd, P e n n s y l v a n i a . To e s t a b l i s h
a Remote S e r v i c e F a c i l i t y at t h e P h i l a d e l p h i a
I n t e r n a t i o n a l A i r p o r t , P h i l a d e l p h i a , P e n n s y l v a n i a . ?/
Philadelphia
Oirard Bank, Bala Cynwyd, P e n n s y l v a n i a . To e s t a b l i s h
a Remote S e r v i c e F a c i l i t y a t Texaco S e r v i c e S t a t i o n ,
1551 Wadsworth Avenue, P h i l a d e l p h i a , P e n n s y l v a n i a . ?/
Philadelphia
The Bank of New J e r s e y , Moorestown, New J e r s e y . To
e s t a b l i s h a new ATM s i t e a t t h e new e n t r a n c e of t h e
Medford Thri ftway S t o r e ,
Stokes Road, Med f o r d ,
New J e r s e y . 2 /
Richmond
United V i r g i n i a Bank, Richmond, V i r g i n i a . To e s t a b l i s h
a f r e e s t a n d i n g ATM at t h e Plaza O f f i c e b r a n c h , Radford
Shopping C e n t e r , F a i r l a w n , V i r g i n i a . _?/
Atlanta
Trust Company Bank, A t l a n t a , Georgia. To e s t a b l i s h a
branch l o c a t e d a t
P e r i m e t e r Center Parkway,
A t l a n t a , Georgia. 2 /
Chicago
Comerica B a n k - D e t r o i t , Michigan. To e s t a b l i s h an
EFT t o be l o c a t e d at D e t r o i t M e t r o p o l i t a n A i r p o r t ,
Road Commission, D e t r o i t , Michigan. ?/
To Become a Member of t h e Federal Reserve System
Pursuant t o S e c t i o n 9 of t h e Federal Reserve Act
S t . Louis
MidAmerica Bank and Trust Company of Edgemont, Fast
St. Louis, I l l i n o i s .
*
//
*
*
*
*
A p p l i c a t i o n s u b j e c t to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
H.?, 19B3No. 46
- 20 APPLICATIONS RECEIVED - Continued
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other Actions Pursuant to S e c t i o n s ?5 and 25(a)
of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) , 4 ( c ) ( 1 3 ) and 4 ( c ) (14)
of t h e Bank Holding Company Act of 1956, as amended
New York
C i t i b a n k * N.A., New York, New York: r e q u e s t s consent
t o , d i r e c t l y or i n d i r e c t l y , a c q u i r e a d d i t i o n a l s h a r e s
of Diners Club of Greece S . A . , Athens, Greece.
New York
Citibank Overseas Investment C o r p o r a t i o n , Wilmington,
Delaware: prior n o t i f i c a t i o n of i n t e n t t o make an
a d d i t i o n a l investment in C a r t e Blanche A u s t r a l i a
L i m i t e d , Sydney, A u s t r a l i a ,
New York
Marine Midland Ranks, I n c . , B u f f a l o , New York: p r i o r
n o t i f i c a t i o n of i t s i n t e n t to a c q u i r e 57 p e r c e n t of
the t o t a l e q u i t y of Shorcan International Brokers
Limited, Toronto, Canada.
San
Francisco
Union Rancorp, 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 i n t e n t to expand the a c t i v i t i e s of i t s e x p o r t
trading company, StanChart Export S e r v i c e s Company.
* * * * *
To E s t a b l i s h an Overseas Branch of a Member Bank
Pursuant t o S e c t i o n ?5 of t h e Federal Reserve Act
Boston
S t a t e S t r e e t Bank and Trust Company, Boston, M a s s a c h u s e t t s :
r e q u e s t s c o n s e n t t o e s t a b l i s h a branch in London,
England.
New York
C i t i b a n k , N.A., New York, New York: p r i o r n o t i f i c a t i o n
of i t s i n t e n t t o open an i n i t i a l branch in Kathmandu,
Nepal.
A* * * *
H.P* 1QP3 No.
APPLICATIONS RECEIVED - Continued
To Form * Rank Holding Company Pursuant t o S e c t i o n
T f a X I ) of the Rank Holding Company Act of 1%C
Cleveland
tl
ta
Community Holding Company, I n e z , Kentucky, f o r approval
t o acquire at l e a t BO p e r c e n t of t h e v o t i n g s h a r e s of
Ine/ Deposit Bank, Inez, Kentucky.
Earners X Merchants Bancshares, I n c . , Adel, Georgia,
f o r approval to acquire a t l e a s t R4.5 p e r c e n t of
the v o t i n g shares of The Farmers and Merchants
Park, Adel, Georgia.
ftlana
Peoples F i r s t National B a n c s h a r e s , I n c . , North Miami
Peach, F l o r i d a , f o r approval t o a c q u i r e a t l e a s t
9 5 . 0 6 percent of the voting s h a r e s of Peoples F i r s t
National Bank, North Miami Peach, F l o r i d a . ?/
Chit dye
The Heritage Group* I n c . , P o o d r i d g e , I l l i n o i s , f o r
approval to acquire at l e a s t 96.05 p e r c e n t of t h e
voting shares of H e r i t a g e Hank of Woodridge, Woodridge,
M I i n n i s . ?/
Chicago
vtdwect Pancshares, I n c . , Park F o r e s t ^ o u t h , I l l i n o i s ,
for approval t o acquire at l e a s t P0 percent or more
of the v o t i n g shares of H e r i t a g e Rank of Park F o r e s t
South. Park Forest South, I l l i n o i s .
fMcago
Pohanco F i n a n c i a l C o r p . , R o c h e s t e r , I n d i a n a , f o r
approval to acquire 100 p e r c e n t of t h e voting s h a r e s
H e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e s u c c e s s o r
hy merger t o the F i r s t National Bank of R o c h e s t e r ,
Rochester, Indiana. ? /
%t. i o u i s
Perton S t a t e Pankshares, I n c . , Benton, A r k a n s a s , f o r
approval to acquire at l e a s t AO p e r c e n t of t h e voting
chares of Benton S t a t e Bank, P e n t o n , Arkansas. jY
S t . Louis
First <*»arp County P a n c s h a r e s , I n c . , Ash F l a t , Arkansas
f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of the
v o t i n g shares of F i r s t National Bank of Sharp County,
Ash F l a t , Arkansas. jY
Louis
Peoples Pank Corporation, Mountain Home, A r k a n s a s , f o r
approval to acquire 100 p e r c e n t of t h e v o t i n g s h a r e s
of Peoples Bark f ~rys» Company, Mountain Home,
Arkansas. P'
~Apjrl i c a r i c o s .rj^ct ro Community Reinvestment A c t . The Community
Affairs
of the a p p l i c a b l e Reserve Bank may he c o n t a c t e d
as to
?ercth of the comment p e r i o d .
;rA:n
:r,i(
p p r n v F n . continued
Spurqpmn F i n a n c i a l C n r p o r ^ t i o n , Spurgeon, I n d i a n a ,
f o r a p r r c v a l t o a c q u i r e inn p e r c e n t of t h e v o t i n g
snare^ of ?he ^pur^ecn S t a t e Pank, Spurgeon,
?/
S e c u r i t y S h a r e s , I n c . , Mankato* Minnesota, f o r approval
t o f ( q i , t r r a t l e a s t ^1.0^ p e r c e n t of t h e v o t i n g s h a r e s
of S e c u r i t y S t a t e Pank of Mankato, Mankato, Minnesota.
%erm?Hicr P f n c s h a r r s , I n c . , V e r m i l l i o n , Minnesota, f o r
approve) f n a c q u i r e at l e a s t P h . ? p e r c e n t of t h e v o t i n g
c h a r t s cf V e r m i l l i o n S t a t e Rank, V e r m i l l i o n , Minnesota. ?/
fity
P a ^ c n r p . , I n c * , Kansas C i t y , Kansas, f o r approval
t o a c q u i r e a t l e a s t #0 p e r c e n t of t h e v o t i n g s h a r e s
^rrnKhAaM S t a t e Pank nf Kansas C i t y , Kansas C i t y ,
Kansas, ? /
Kan<a< r i t y
K a n f # i . P a n r s h a r e s , I n c . , S a l i n a , Kansas, f o r approval
t o a c c u i r p a t l e a s t 07 p e r c e n t of t h e v o t i n g s h a r e s
M F i r s t H a n d i - P a n k s h a r e s , I n c . , S a l i n a , Kansas, and
i n d i r e c t l y F i r s t National Bank and Trust Company,
Sal i n ? , Kansas. jV
City
Pallas
I n c . , Fnglewood, Colorado, f o r approval t o a c q u i r e
1^0 p e r c e n t of t h e v o t i n g s h a r e s of The National City
Rank nf Denver, Denver, Colorado. ?/
f l v i n R a n r s h a r e s , I n c . , A l v i n , Texas, f o r approval t o
a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Alvin
^t^Tp Pank, A l v i n , Texas.
^ a n c H i l l s P a n C o r p . , I n c . , A u s t i n , Texas, f o r approval
t c a c q u i r e a t l e a s t 8 0 . 7 p e r c e n t of t h e v o t i n g s h a r e s
cf ^anl^ of the H i l l s , A u s t i n , Texas,
^pre^s F i n a n c i a l , I n c . , Kerens, Texas, f o r approval
f ^ a r q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The
F i r s t S t a t e Pank of Kerens, Kerens, Texas. ? /
NHas
Marble F a l l s National Pane s h a r e s , I n c . , Marble F a l l s ,
Te>r% f o r approval t o a c q u i r e 100 p e r c e n t of t h e
vnMnq c h a r t s of Marble F a l l s National Pank, Marble
FaH <.
. ?/
r i p M f i f i o r ^r*".f*rt
? f * N*
Cnrmur i Ty Reinvestment /^ct. The Community
t
Reserve Pank nay he c o n t a c t e d
of ^ ^ f" / c r r e r t p e r i o d .
I
H . f , 1*23 No. 46
- ?3 APPLICATIONS DECEIVED - Continued
P a l l as
Poth P a n c o r p o r a t i o n , I n c . , P o t h , Texas, f o r approval
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The
F i r s t National Rank of P o t h , P o t h , Texas. jY
San
Francisco
ASP P a n c o r p , San Pedro, C a l i f o r n i a , f o r approval t o
acquire 100 p e r c e n t of t h e v o t i n g s h a r e s of Bank of
San P e d r o , San Pedro, C a l i f o r n i a .
San
Francisco
New Nevada National P a n c o r p o r a t i o n , I n c . , Reno,
Nevada, f o r approval t o a c q u i r e 100 p e r c e n t of t h e
v o t i n g s h a r e s of Nevada National P a n c o r p o r a t i o n , I n c . ,
and i n d i r e c t l y Nevada National Bank, both of Reno,
Nevada. ? /
*
*
*
*
*
To Expand a Pank Holding Company Pursuant t o S e c t i o n
? ( a H 3 ) of t h e Rank Holding Company Act of 1956
Pichmond
Centurion Pancorp, I n c . , C h a r l e s t o n , West V i r g i n i a ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Cardinal S t a t e Rank, P e c k ! e y , West
Vi r g i n i a . ? /
Pichmond
NCNP C o r p o r a t i o n , C h a r l o t t e , North C a r o l i n a , f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of F i l l s Ranking C o r p o r a t i o n , Rradenton,
F l o r i d a and i n d i r e c t l y up t o 100 p e r c e n t of F l l i s
Rank & Trust Company, S a r a s o t a , F l o r i d a ; F l l i s
Springs Rank, Tarpon S p r i n g s , F l o r i d a ; E l l i s
Commercial Rank, Live Oak, F l o r i d a ; E l l i s Bank of
R1ountstown, Blountstown, F l o r i d a ; E l l i s Fort Myers
Bank, Fort Myers, F l o r i d a ; E l l i s Peoples Bank,
G a i n e s v i l l e , F l o r i d a ; E l l i s Bank of Indian Rocks,
Largo, F l o r i d a ; E l l i s Highlands Pank, Avon P a r k ,
F l o r i d a ; Dixie County S t a t e Rank, Cross C i t y ,
F l o r i d a ; E l l i s F i r s t National Bank of Bradenton,
Rradenton, F l o r i d a ; F l l i s F i r s t National Rank of
West Pasco, New Port P i c h e y , F l o r i d a ; F l l i s F i r s t
National Rank in Tarpon S p r i n g s , Tarpon S p r i n g s ,
F l o r i d a ; Royal Trust Rank of F l o r i d a , S t . P e t e r s b u r g ,
F l o r i d a ; F l l i s National Rank of Central F l o r i d a ,
Tampa, F l o r i d a ; F l l i s F i r s t National Rank of J a y ,
7J
A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Rank may be c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
H . ? , TOPPNn. 46
- p/3APPLICATIONS RECEIVED - Continued
J a y , F l o r i d a ; E l l i s National Bank uf T a l l a h a s s e e ,
T a l l a h a s s e e , F l o r i d a ; FIT i s Park of Northeast
F l o r i d a , N.A., Be P a r y , F l o r i d a ; and J a c k s o n v i l l e
National Pank, J a c k s o n v i l l e , F l o r i d a .
Richmond
Union Pancorp of West V i r g i n i a , I n c . , C l a r k s b u r g ,
West V i r g i n i a , f o r approval t o a c q u i r e 100 p e r c e n t
of t h e v o t i n g s h a r e s of F i r s t National Pank in
P h i l i p p i , P h i l i p p i , West V i r g i n i a . jV
Atlanta
The Colonial BancGroup, I n c . , Montgomery, Alabama, f o r
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of t h e s u c c e s s o r by merger t o The Bank of H u n t s v i l i e ,
H u n t s v i l i e , Alabama, and t h e s u c c e s s o r by merger t o
C i t i z e n s National Bank of Opp, Opp, Alabama. 2/
St. L e n s
General P a n c s h a r e s C o r p o r a t i o n , S t . L o u i s , M i s s o u r i ,
f o r approval t o a c q u i r e i n d i r e c t c o n t r o l of 100
p e r c e n t of t h e v o t i n g s h a r e s of The C h a r l e s t o n
National Pank, C h a r l e s t o n , I l l i n o i s , and at
l e a s t 51 p e r c e n t of t h e v o t i n g s h a r e s of Ashmore
S t a t e Pank, Ashmore, I l l i n o i s .
Pallas
Southwest P a n c s h a r e s , I n c . , Houston, Texas, for
approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of Pank of t h e S o u t h w e s t , N.A., Las C o l i n a s ,
I r v i n g , Texas, a proposed new hank. ?/
Pallas
V i c t o r i a Pank, I n c . , V i c t o r i a , Texas, f o r approval t o
a c q u i r e 10 p e r c e n t of t h e v o t i n g s h a r e s of M e r c a n t i l e
National Pank of K i n g s v i l l e , K i n g s v i l l e , Texas. ?/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to S e c t i o n
3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956
S t . Louis
General Bancshares C o r p o r a t i o n , S t . L o u i s , M i s s o u r i ,
f o r approval t o a c q u i r e through t h e merger of MidCentral Pancshares, I n c . , Charleston, I l l i n o i s ,
General P a n c s h a r e s C o r p o r a t i o n of I l l i n o i s ,
B e l l e v i l l e , I l l i n o i s . 2/
Kansas City
C e n t r a l S e r v i c e C o r p o r a t i o n , Enid, Oklahoma, f o r
approval t o merge with Nichols H i l l s R a n c o r p o r a t i o n ,
I n c . , Oklahoma C i t y ,
and i n d i r e c t l y a c q u i r e
Nichols H i l l s Pank, f i c o ' s " M i l s , Oklahoma. _?/
? / A p p l i c a t i o n s u b j e c t t o Community Reinvestment A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Pank may he c o n t a c t e d
as t o t h e l e n g t h of t h e comment p e r i o d .
i ' . P , |0%3 No. 46
-25APPLICATIONS PECCIVFn . Continued
Expand a Pank Holding Company Pursuant t o S e c t i o n
of t h e Rank Holding Company Act of 1%6
Boston
DM Stone C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d ,
f o r approval t o a c q u i r e 100 p e r c e n t of t h e o u t s t a n d i n g stock of Old Stone Mortgage C o r p o r a t i o n ,
S e a t t l e , Washington, from i t s s u b s i d i a r y , Old
Stone Pank, P r o v i d e n c e , Rhode I s l a n d .
New York
C i t i c o r p , New York, New York, r e q u e s t s permission
t o e s t a b l i s h two de novo o f f i c e s engaging in t h e
f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g of
l o a n s and o t h e r e x t e n s i o n s of c r e d i t , secured or
u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e
s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and
h e a l t h i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s ,
as r e q u i r e d , t h e s a l e of consumer o r i e n t e d
f i n a n c i a l management c o u r s e s : the s e r v i c i n g , f o r
any p e r s o n , of loans and o t h e r e x t e n s i o n s of c r e d i t ;
t h e making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own
account ano f o r t h e account of o t h e r s , of e x t e n s i o n s
of c r e d i t t o i n d i v i d u a l s secured by l i e n s on
r e s i d e n t i a l or n o n - r e s i d e n t i a l r e a l e s t a t e ; and t h e
s a l e of mortgage l i f e and mortgage d i s a b i l i t y i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l o a n s ) at
One Tampa c i t y C e n t e r , 201 N. F r a n k l i n S t r e e t , Tampa,
F l o r i d a , through i t s s u b s i d i a r i e s , C i t i c o r p P e r s o n - t o Person F i n a n c i a l Center of F l o r i d a , I n c . and C i t i c o r p
Homeowners, I n c . ( 1 1 / 1 6 / 8 3 )
New Yurk
C i t i c o r p , New York, New York, r e q u e s t s permission t o
e s t a b l i s h two de novo o f f i c e s engaging in t h e
f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g of
l o a n s and o t h e r e x t e n s i o n s of c r e d i t , secured or
u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e
s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and h e a l t h
i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ;
t h e s a l e of consumer o r i e n t e d f i n a n c i a l management
c o u r s e s ; t h e s e r v i c i n g , f o r any p e r s o n , of loans and
o t h e r e x t e n s i o n s of c r e d i t ; t h e making, a c q u i r i n g ,
and s e r v i c i n g , f o r i t s own account and f o r t h e account
of o t h e r s , of e x t e n s i o n s of c r e d i r t o i n d i v i d u a l s
secured hy l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l
f-rd rhe
cf mortgage l i f e and mortgage
i n s u r a n c e " " ' T l y r e l a t e d t o e x t e n s i o n s of
r-,
1 nans) a t
- Norton D r i v e , L a k e l a n d ,
F: ,-,r
, t hr^.uf ^ i t s
ifMdr i e s , C i t i c o r p P e r s o n - t o FMV'Cwl ' ' r n t r r of t i f f i n , I n c . and C i t i c o r p
1 -ome Own *1 r s , I n c . ( l l / U / f i ? )
36
- ?6APPUC*T,m<; RECEIVED - Continued
Dominion f a n k s h a r e s C o r p o r a t i o n , Poanoke, V i r g i n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( o r i g i n a t i n g r e s i d e n t i a l , commercial, i n d u s t r i a l , and
c o n s t r u c t i o n l o a n s f o r i t s own account and f o r s a l e t c
o t h e r s ; s e r v i c i n g such loans f o r o t h e r s ; and in t h e
s a l e of c r e d i t l i f e i n s u r a n c e , c r e d i t a c c i d e n t and
h e a l f h i n s u r a n c e , c r e d i t d i s a b i l i t y , mortgage redemption
and mortgage a c c i d e n t and h e a l t h i n s u r a n c e in c o n n e c t i o n
w i f h such mortgage l o a n s , t h r o u g h i t s s u b s i d i a r y ,
Dominion Pankshares Mortgage C o r p o r a t i o n ; and a c t i n g
a s i n s u r a n c e agent or b r o k e r with r e s p e c t t o c r e d i t l i f e
i n s u r a n c e , c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e , c r e d i t
d i s a b i l i t y , mortgage redemption and mortgage a c c i d e n t
and h e a l t h i n s u r a n c e r e l a t e d t o or a r i s i n g out of l o a n s
made or c r e d i t t r a n s a c t i o n s i n v o l v i n g Dominion Bankshares
Mortgage C o r p o r a t i o n , through i t s s u b s i d i a r y , Dominion
Bankshares S e r v i c e s , I n c . ) a t 3819-G South George Mason
Drive, Paileys Crossroads, Virginia (11/10/83)
South C a r o l i n a National C o r p o r a t i o n , Columbia, South
C a r o l i n a , f o r approval t o a c q u i r e t h e a s s e t s of Union
Finance C o r p o r a t i o n - Emporia, V i r g i n i a Branch, Emporia,
Vi r g i n i a .
Peoples Equity S h a r e s , I n c . , C a r r o l l t o n , G e o r g i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making
o r a c q u i r i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t such
as would he made by a mortgage company; s e r v i c i n g such
l o a n s f o r o t h e r s in accordance with t h e B o a r d ' s R e g u l a t i o n
Y) t h e a c t i v i t i e s would be performed in t h e S t a t e s of
Georgia and Alabama, through i t s s u b s i d i a r y , Peoples
E q u i t y Mortgage Co. ( 1 1 / 1 4 / 8 3 )
E i r s t American P a n c s h a r e s , I n c . , North L i t t l e Pock,
A r k a n s a s , n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( i n u n d e r w r i t i n g of c r e d i t l i f e and c r e d i t
a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o i t s
e x t e n s i o n s of c r e d i t by i t s s u b s i d i a r i e s ) t h e s e a c t i v i t i e s
would be performed p r i m a r i l y in t h e c o u n t i e s of P u l a s k i ,
S a l i n e , Lonoke, and Garland C o u n t i e s , A r k a n s a s , and t h e
s u r r o u n d i n g a r e a , through i t s s u b s i d i a r i e s , F i r s t
American National Bank and F i r s t American Bank, and
proposed s u b s i d i a r y , Grand National Bank ( 1 1 / 9 / 8 3 )
M f - t " u t b P a n c o r p , I n c . , F r a n k l i n , Kentucky, n o t i f i c a t i o n
of i n t e n t t o engage in de novo a c t i v i t i e s ( a s agent f o r
t h e s a l e of l i f e or h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d
t o e x t e n s i o n s of c r e d i t by Simpson County Bank, F r a n k l i n ,
Kentucky, i t s s u b s i d i a r y ) t h e s e a c t i v i t i e s would be
conducted in t h e t r a d e a r e a of t h e Simpson County Rank
APPilCAilUNS
- Continued
**i Kentucky t».ogan, warr t n , Allen and Simpson C o u n t i e s )
am" Tennessee sRobert son ard Sumner C o u n t i e s ) through
u s s u & s w i a r y , Mid-Scuth C r e d i t Insurance S e r v i c e s ,
im.
14/^31
Northwest Arkansas Pancshares* In^., H e n t o n v i l i e , A r k a n s a s ,
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
On acquiring loans for i t s own account and mortgage
>nr*er;nyi
j)
Grant pancshares, I n c . , Grant^ Nebraska. f o r approval
t r acquire aH of the operating a s s e t s of the Grant
? v i c e Insurance Agency * I n c . , G r a n t , Nebraska,
an insurance company engaged in t h e s a l e of genera)
insurance.
Western Bancshares of Truth or Consequences, I n c . ,
Truth or Consequences, New Mexico, 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 (making or
a c q u i r i n g , for i t s own account or f o r t h e account
r# o t h e r s , loans and other e x t e n s i o n s of c r e d i t
( i n c l u d i n g i s s u i n g l e t t e r s of c r e d i t and a c c e p t i n g
d r a f t s ^ . such as would be made, f o r example, by a
mortgage, f i n a n c e , c r e d i t c a r d , or f a c t o r i n g company)
serving Sifrf«i County, New Mexico and El Paso County,
Texas ( U / 1 S / 8 3 )
RantAnerica Corporation, San F r a n c i s c o , C a l i f o r n i a ,
r o t i f i c a t i o n of i n t e n t to expand de novo a c t i v i t i e s
in the a c t i v i t i e s of making or a c q u i r i n g f o r t h e i r
own a c t ( ; u r t loans and o t h e r e x t e n s i o n s of c r e d i t
«,uch as would be made or a c q u i r e d by a f i n a n c e
company; s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s of
c r e d i t ; ano 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 i n s u r a n c e
and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e ;
c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e will be o f f e r e d
by t h e Jackson and Picayune o f f i c e s of both c o r p o r a t i o n s
m t h e S t a t e s of M i s s i s s i p p i and L o u i s i a n a ; c r e d i t r e ! a t e d p r o p e r t y i n s u r a n c e w i l l be o f f e r e d by the
Tupelo o f f i c e of hoth c o r p o r a t i o n s in t h e S t a t e of
M i s s i s s i p p i ; however, n e i t h e r c o r p o r a t i o n w i l l o f f e r
c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e in t h e S t a t e of
^ e n f e s s * e ; t h e aforementioned c r e d i t - r e l a t e d i n s u r a n c e
a c t i v i t i e s a r e p e r m i s s i b l e under S e c t i o n 4 ( c ) ( 8 ) ( A )
a r < / o r 'D of t h e Hank Holding C o n any Act of 1956,
c s amended by t h e Harr-St C e r t a i n d e p o s i t o r y I n s t i t u t i o n s
A f uT
/ ; such a c t i v i t i e s
i n c l u d e , but not be
l i m i t e d t o , making l o a n s srv o t n e r e x t e n s i o n s of c r e d i t
t o < onsu^t r s and r u s i n r s s n b , making luans secured by
rr.rl and p e r s o n a l p r o p e r t y , purryiasing i n s t a l l m e n t
H . ? * 1 4 A 3 N o . 46
_?P_
APPUCATIONS RFCFIVFD - Continued
s a l e t f i n a n c e c o n t r a c t s , 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 , c r e d i t - r e l a t e d a c c i d e n t and
h e a l t h , and c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made
o r a c q u i r e d by b o t h c o r p o r a t i o n s ; c r e d i t - r e l a t e d
l i f e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e
may h e r e i n s u r e d by RA I n s u r a n c e Company, I n c . , an
a f f i l i a t e of b o t h c o r p o r a t i o n s ) a t IPSO S. West
S t r e e t , S u i t e C, J a c k s o n , M i s s i s s i p p i , s e r v i n g
t h e S t a t e of M i s s i s s i p p i and L o u i s i a n a ; 417 Highway
43 S o u t h , P i c a y u n e , M i s s i s s i p p i , s e r v i n g t h e e n t i r e
S t a t e s of M i s s i s s i p p i and Lousiana and 311 West Main
S t r e e t , Tupelo, Mississippi serving the e n t i r e
S t a t e s of M i s s i s s i p p i and T e n n e s s e e , t h r o u g h i t s
s u b s i d i a r i e s , FinanceAmerica C o r p o r a t i o n and F i n a n c e
America I n d u s t r i a l Plan I n c . ( b o t h M i s s i s s i p p i
corporations)
(11/16/83)
San
Francisco
PankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
( i n t h e a c t i v i t i e s o f making o r a c q u i r i n g f o r i t s own
a c c o u n t l o a n s and o t h e r e x t e n s i o n s of c r e d i t such as
would be made o r a c q u i r e d by a f i n a n c e company;
s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s 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 i n s u r a n c e and c r e d i t r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e ; t h e a f o r m e n t i o n e d
c r e d i t - r e l a t e d i n s u r a n c e a c t i v i t i e s a r e p e r m i s s i b l e under
S e c t i o n 4 ( c ) ( R ) ( A ) of t h e Bank Holding Company Act of
I 9 5 F , a s amended by t h e Garn-St Hermain D e p o s i t o r y
I n s t i t u t i o n s Act of 198?, c r e d i t - r e l a t e d p r o p e r t y
i n s u r a n c e w i l l n o t be o f f e r e d ; such a c t i v i t i e s w i l l
i n c l u d e , b u t not be l i m i t e d t o , making l o a n s and o t h e r
e x t e n s i o n s of c r e d i t t o consumers and b u s i n e s s e s ,
making l o a n s and o t h e r e x t e n s i o n s of c r e d i t s e c u r e d by
r e a l and p e r s o n a l p r o p e r t y , p u r c h a s i n g i n s t a l l m e n t
s a l e s f i n a n c e c o n t r a c t s , 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 and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or
a c q u i r e d by FinanceAmerica C o r p o r a t i o n ; c r e d i t - r e l a t e d
l i f e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e
may be r e i n s u r e d by PA I n s u r a n c e Company, I n c . , an
a f f i l i a t e of FinanceAmerica C o r p o r a t i o n ) a t 7820 North
University Drive, ^eoria, I l l i n o i s , serving the e n t i r e
S t a t e of I l l i n o i s , t h r o u g h i t s s u b s i d i a r y , F i n a n c e America C o r p o r a t i o n (a Delaware c o r p o r a t i o n )
(11/17/83)
H.2, 1983 No. 46
- 29 APPLICATIONS RECEIVED - Continued
San
Francisco
S e c u r i t y P a c i f i c C o r p o r a t i o n , 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 i n t e n t t o engage in de novo
a c t i v i t i e s ( i n l e a s i n g a c t i v i t i e s with r e s p e c t t o personal
p r o p e r t y and equipment and r e a l p r o p e r t y and s e r v i c i n g
of e x t e n s i o n s of c r e d i t ) a t 10 South Lake Avenue,
Pasadena, C a l i f o r n i a , s e r v i n g t h e United S t a t e s ,
through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Corp.
(11/18/83)
*
*
*
*
*
REPORTED RECEIVED
None.
*
*
*
*
*
PETITIONS FOR RULEMAKING
None
@FedFRASER