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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1988, No. 47 Actions of the Board, its Staff, and the Federal Reserve Banks? Applications and Reports Received During the Week Ending November 19, 1988. ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Bank of Ireland, Dublin, Ireland — to acquire First NH Banks, Inc., Manchester, New Hampshire. Approved, November 16, 1988. First National of Nebraska, Inc., Omaha, Nebraska — to acquire First National Columbus Bancorp, Columbus, Nebraska. Approved, November 16, 1988. First Wisconsin Corporation, Milwaukee, Wisconsin — to acquire Milwaukee Title Insurance Service, Inc., and engage in title insurance activities. Approved, November 16, 1988. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Cleveland The Fifth Third Bank, Cincinnati, Ohio — to establish a branch at 705 Central Avenue. Approved, November 14, 1988. Atlanta First Columbia Bank, Martinez, Georgia — to establish a branch at 101 West Robinson Avenue, Grovetown, Georgia. Approved, November 14, 1988. Philadelphia Meridian Bank, Reading, Pennsylvania — to establish a branch at One Reading Center, 11th and Market Streets, Philadelphia, Pennsylvania. Approved, November 18, 1988. New York Schenectady Trust Company, Schenectady, New York — to establish a branch at Rotterdam Square Mall, 2 Campbell Road, Rotterdam, New York. Approved, November 17, 1988. H.2 NOVEMBER 13, 1988 PAGE 2 TO NOVEMBER 18, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Atlanta United Bank of Pinellas, St. Petersburg, Florida — to establish an ATM facility on the St. Petersburg Municipal Pier at 800 Second Avenue, N.E. Approved, November 15, 1988. BANK HOLDING COMPANIES Chicago Alta Vista Bancshares, Inc., Alta Vista, Iowa — extension to March 19, 1989, to acquire Alta Vista Insurance and Services Corporation. Approved, November 14, 1988. Atlanta American Bankshares, Inc., Marietta, Georgia — to acquire COBB American Bank and Trust Company. Approved, November 14, 1988. Kansas City The Bank of New Mexico Holding Company, Albuquerque, New Mexico — to acquire Western Bank of Springer, Springer, New Mexico. Approved, November 18, 1988. Kansas City Bank of Woodward, Woodward, Oklahoma — Bank of the Northwest. Approved, November 15, 1988. S t . Louis Banterra Corp., Eldorado, Illinois — to acquire The Hamilton County Bank, McLeansboro, Illinois. Approved, November 16, 1988. Kansas City Citizens Financial Corporation, Liberal, Kansas — engage de novo in operating a loan production facility. Permitted, November 14, 1988. New York CNB Bancorp, Inc., Gloversville, New York — to acquire City National Bank and Trust Company of Gloversville. Approved, November 14, 1988. Chicago Comerica Incorporated, Detroit, Michigan — de novo in employee consulting services. Permitted, November 15, 1988. to acquire to to engage H .2 NOVEMBER 13, 1988 PAGE 3 TO NOVEMBER 18, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Edgeley Bancorporation, Inc., Edgeley, North Dakota — to acquire The Security National Bank of Edgeley. Approved, November 16, 1988. Atlanta Equity Financial Ventures, Inc., Hialeah, Florida — to acquire The Village Bank. Approved, November 18, 1988. S t . Louis First Commercial Corporation, Little Rock, Arkansas — to acquire Benton State Bankshares, Inc., Benton, Arkansas. Approved, November 17, 1988. Richmond First Virginia Banks, Inc., Falls Church, Virginia — to engage de novo in credit related insurance through First Virginia Life Insurance Company, nationwide. Permitted, November 13, 1988. Boston Fleet / Norstar Financial Group, Inc., Providence, Rhode Island — to acquire Brokers Securities, Norfolk, Virginia. Approved, November 18, 1988. Cleveland F.N.B Corporation, Hermitage, Pennsylvania — to acquire certain assets and liabilities of four branches of Household Bank, FSB, Columbus, Ohio. Approved, November 16, 1988. Chicago Harris Bankcorp, Inc., Chicago, Illinois — to retain more than 5 percent but less than 9 percent of First American Bank of Chandler, Chandler, Arizona. Returned, November 15, 1988. Chicago Indiana Bancshares, Inc., Greenwood, Indiana, and Indiana Hoosier Corp. — to acquire Hoosier Bancshares, Inc., Bloomington, Indiana, and The Bloomington National Bank. Approved, November 16, 1988. H .2 NOVEMBER 13, 1988 PAGE 4 TO NOVEMBER 18, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York KeyCorp, Albany, New York — to acquire First Wyoming Bancorporation, Cheyenne, Wyoming, and its bank and nonbank subsidiaries; and for Key Bancshares of Wyoming, Inc. to merge with First Wyoming and engage in data processing. Approved, November 15, 1988. New York The Long - Term Credit Bank of Japan, Tokyo, Japan — to engage de novo in mortgage, sales finance, credit card, and commercial finance activities through LTCB Capital Markets. Permitted, November 15, 1988. Chicago Marshall & Ilsley Corporation, Milwaukee, Wisconsin — to acquire Scottscorn Bancorp, Inc., Scottsdale, Arizona. Approved, November 16, 1988. Boston Peoples Heritage Financial Group Inc., Portland, Maine — to acquire Oxford Bank and Trust, Oxford, Maine. Approved, November 17, 1988. Dallas Premier Bancshares of Texas, Inc., Victoria, Texas — to acquire Bank of Kerrville, Kerrville, Texas. Approved, November 17, 1988. Kansas City Southwest Missouri Bancorporation, Inc., Carthage, Missouri — to acquire Bank of Miami, Miami, Oklahoma. Approved, November 15, 1988. Chicago Terrapin Bancorp, Inc., Elizabeth, Illinois — acquire The Elizabeth State Bank. Approved, November 14, 1988. San Francisco U.S. Bancorp, Portland, Oregon — to acquire State Financial Services, Inc., Bend, Oregon. Approved, November 14, 1988. San Francisco Vineyard National Bancorp, Rancho Cucamonga, California — to acquire Vineyard National Bank. Approved, November 14, 1988. to H.2 NOVEMBER 13, 1988 PAGE 5 TO NOVEMBER 18, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Atlanta First Columbia Bank, Martinez, Georgia — in bank premises. Approved, November 14, 1988. investment S t . Louis First State Bank of Dongola, Dongola, Illinois — investment in bank premises. Approved, November 18, 1988. Chicago The Grant State Bank, Grant, Michigan — in bank premises. Approved, November 18, 1988. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — investment in bank premises. Approved, November 18, 1988. Atlanta United Bank of Pinellas, St. Petersburg, Florida — investment in bank premises. Approved, November 15, 1988. investment BANKS, STATE MEMBER Dallas The First State Bank, Matador, Texas — dividend. Approved, November 18, 1988. payment of a CAPITAL STOCK Atlanta Georgia Central Bancshares, Inc., Social Circle, Georgia — redemption of shares. Approved, November 15, 1988. Atlanta NBC Bancshares of DeRidder, Inc., DeRidder, Louisiana — redemption of shares. Approved, November 17, 1988. Atlanta Twin Cities Financial Services, Inc., Maryville, Tennessee — redemption of shares. Approved, November 14, 1988. New York U.S. Trust Corporation, New York, New York — redemption of shares. Approved, November 18, 1988. H.2 NOVEMBER 13. 1988 PAGE 6 TO NOVEMBER 18, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City Charter Bancshares, Inc., Oklahoma City, Oklahoma — change in bank control. Permitted, November 18, 1988. Kansas City City National Bancshares of Weatherford, Inc., Weatherford, Oklahoma — change in bank control. Permitted, November 16, 1988. Minneapolis Drayton Bancor, Inc., Drayton, North Dakota — in bank control. Permitted, November 15, 1988. Kansas City Equitable Bankshares of Colorado, Inc., Denver, Colorado — change in bank control. Permitted, November 14, 1988. Kansas City First National Bancshares of Weatherford, Inc., Weatherford, Oklahoma — change in bank control. Permitted, November 17, 1988. Atlanta Georgia Central Bancshares, Inc., Social Circle, Georgia — change in bank control. Permitted, November 15, 1988. Atlanta NBC Bancshares of DeRidder, Inc., DeRidder, Louisiana — change in bank control. Permitted, November 17, 1988. Kansas City Thomas Bancshares, Inc., Thomas, Oklahoma — in bank control. Permitted, November 16, 1988. Atlanta Twin Cities Financial Services, Inc., Maryville, Tennessee — change in bank control. Permitted, November 14, 1988. change change COMPETITIVE FACTORS REPORTS Chicago Colonial Trust & Savings Bank* Peru* Illinois* proposed aerger with Illinois Regional Bank* Bureau County* Princeton* Illinois — report on competitive factors. Submitted* November 16* 1988. H.2 NOVEMBER 13, 1988 PAGE 7 TO NOVEMBER 18, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia Dime Savings Bank of Chester County, West Chester, Pennsylvania, proposed merger with The Bank of Chester County — report on competitive factors. Submitted, November 14, 1988. New York The Evans National Bank of Angola, Angola, New York, proposed purchase of certain assets and assumption of certain liabilities of the North Boston Branch of Chase Lincoln First Bank, National Association, Rochester, New York — report on competitive factors. Submitted, November 18, 1988. Chicago First National Bank, Mattoon, Illinois, Mattoon, Illinois, proposed purchase of the assets and assumption of the liabilities of Mattoon Bank — report on competitive factors. Submitted, November 16, 1988. Chicago The First National Bank of Portland, Portland, Indiana, proposed merger with The Citizens Bank of Portland — report on competitive factors. Submitted, November 15, 1988. Richmond The Page Valley National Bank of Luray, Luray, Virginia, proposed merger with Luray National Bank — report on competitive factors. Submitted, November 14, 1988. Chicago Star Bank, National Association, Aurora, Aurora, Indiana, proposed merger with Star Bank, National Association, Southeastern Indiana, Lawrenceburg, Indiana — report on competitive factors. Submitted, November 14, 1988. H .2 NOVEMBER 13, 1988 PAGE 8 TO NOVEMBER 18, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Philadelphia Commerce Bancorp, Cherry Hill, New Jersey — extension to February 10, 1989, to acquire Commerce Bank/Harrisburg, Camp Hill, Pennsylvania. Granted, November 18, 1988. Kansas City First Bancorporation of Holdenville, Inc., Holdenville, Oklahoma — extension to November 29, 1988, to acquire Alliance Bank, N.A., Oklahoma City, Oklahoma. Granted, November 14, 1988. Richmond 1st Carolina Bancshares, Ltd., Charleston, South Carolina — extension to February 28, 1989, to acquire 1st Carolina Bank, N.A. Granted, November 14, 1988. Richmond First Union Corporation, Charlotte, North Carolina — extension to February 28, 1989, to engage in data processing through Georgia Interchange Network, Inc., Atlanta, Georgia. Granted, November 18, 1988. Richmond First Wachovia Corporation, Winston-Salem, North Carolina — extension to February 28, 1989, to engage in data processing through Georgia Interchange Network, Inc., Atlanta, Georgia. Granted, November 18, 1988. Richmond Greenwood National Bancorporation, Greenwood, South Carolina — extension to February 23, 1989, to acquire Greenwood National Bank. Granted, November 18, 1988. Chicago Harris Bank St. Charles, St. Charles, Illinois — extension to April 30, 1989, to establish a branch in the 1400 block of East State Street, Geneva, Illinois. Granted, November 14, 1988. San Francisco Puget Sound Bancorp, Tacoma, Washington — to divest certain properties. Granted, November 17, 1988. extension H .2 NOVEMBER 13, 1988 PAGE 9 TO NOVEMBER 18, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME New York Saban S.A., Panama City, Republic of Panama — extension to February 17, 1989, to acquire additional shares of Republic New York Corporation, New York, New York. Granted, November 16, 1988. Chicago Security Chicago Corp., Chicago, Illinois — extension to February 15, 1989, to acquire Oswego Bancshares, Inc., Oswego, Illinois. Granted, November 17, 1988. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Minneapolis — to purchase pocket modules in connection with implementation of Expedited Funds Availability Act. Approved, November 16, 1988. Director, FRBO Federal Reserve Bank of New York — to purchase a digital Information Display System and to alter the scope of the IDS project. Approved, November 16, 1988. H .2 NOVEMBER 13, 1988 PAGE 10 ADDITIONS AND CORRECTIONS TO NOVEMBER 18, 1988 ACTIONS TAKEN BY THE BOARD OF GOVERNORS FORMS Bank holding company reporting requirements (Y-6, Y-6a, and Y-lli) — extension with revision. Approved, November 2, 1988. Regulation K Reporting Requirements for Applications and Prior Notifications (FR K - 1) — extension with revision. Approved, November 2, 1988. Report of Sender Net Debit Cap (FR 2226) — extension. Approved, November 2, 1988. Weekly Report of Assets and Liabilities for Large U.S. Branches and Agencies of Foreign Banks (FR 2069) — extension with revision. Approved, November 2, 1988. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago American Central Financial Group, Inc., Springfield, Illinois — to acquire Meredosia Bancorporation, Inc., Springfield, Illinois, and Farmers and Merchants State Bank of Virden, Virden, Illinois; and engage in loan activities. Withdrawn, November 10, 1988. S t . Louis Meredosia Bancorporation, Inc., Springfield, Illinois — to acquire Mount Zion State Bank and Trust, Mount Zion, Illinois. Approved, November 4, 1988. H.2 NOVEMBER 13, 1988 PAGE 11 ADDITIONS AND CORRECTIONS TO NOVEMBER 18, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES New York Bank of Millbrook, Millbrook, New York — in bank premises. Approved, November 10, 1988. investment COMPETITIVE FACTORS REPORTS San Francisco Valley National Bank of Oregon, Forest Grove, Oregon, proposed consolidation with United States National Bank of Oregon, Portland, Oregon — report on compet itive factors. Submitted, November 4, 1988. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Ccnment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Canaan National Bancorp, Inc., Canaan, Connecticut 3 (a)(1) application to become a bank holding company through the acquisition of The Canaan National Bank, Canaan, Connecticut* Newspaper Federal Register 10/3/88 Not Yet Published SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Bank of Boston Corporation, Boston, Massachusetts 4 (c)(8) application to acquire the factoring assets of First Union Canaercial Corporation, Charlotte, North Carolina Federal Register Not Yet Published Fleet/Norstar Financial Group, Inc., Providence, Rhode Island - 4(c)(8) application for prior approval of the acquisition of approximately 35% of the outstanding voting capital stock of Capital Guaranty Corporation, San Francisco, California Federal Register Not Yet Published SECTION TV - APPLICATIONS NOT SJKJECT TO FEDERAL REGISTER O R KEWSPAP5R ITTTCE Application NONE Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ____________ Notice Only__________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice The Hongkong and Shanghai Banking Corporation, Hong Kong, Kellett, N.V., Netherlands Antilles, HSBC Holdings, B.V., Amsterdam, The Netherlands, and Marine Midland Banks, Inc., Buffalo, New York to retain warrants for up to 24.9% of the shares of Statewide Bancorp, Toms River, New Jersey.1/ 12/14/88 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) The Chase Manhattan Corporation, New York, New York to engage in underwriting, to a limited extent, preferred equity securities and debt securities. 12/8/88 J.P. Morgan & Co., Incorporated, New York, New York to engage in underwriting, to a limited extent, (1) equity securities and (2) debt securities. 12/8/88 Bankers Trust New York Corporation, New York, New York to engage in underwriting, to a limited extent, (1) preferred equity securities and debt securities and (2) all equity securities. 12/8/88 Citicorp, New York, New York to engage in underwriting, to a limited extent, debt securities. 12/8/88 SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available FEDERAL RESERVE BANKOF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. N/A - Not yet available. Ten Independence Mall. Philadelphia, PA 19106,(215) 574-6000 Applications Bulletin For Week Ending November 19, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING Received application on O c t o b e r 27, 1 988 from Ohio Citizens Bank, Toledo, Ohio, for permission to establish a branch at 6392 Monroe Street, Sylvania, Ohio. *November 28, Received application on N o v e m b e r 10, 1 9 8 8 from Ohio Citizens Bank, Toledo, Ohio, for permission to establish a branch at 6730 West Central Avenue, Toledo, Ohio. * D e c e m b e r 6, SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3(a)(3) application on October 24, 1988 from Farmers State Bancorp, Union City, Ohio, to acquire Farmers State Bank, Iosantville, Indiana. * N - November 30, 1988 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c) (8) Notice on November 1, 1988 from Fquimark Corporation, Pittsburgh, Pennsylvania, to engage de novo in foreign exchange advisory and transactional services through its wholly-owned subsidiary, Equiroanageroent, Inc., Pittsburgh, Pennsylvania, pursuant to Section 225.25(b) (17) of Regulation Y. * # N F - November 30, 1988 Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Garment Period Federal Register Content Period 1988 1988 Applications Bulletin For Week Ending November 19, 1988Feceived Section 4(c) (8) Notice on November 1, 1988 from Eouixaark Corporation, Pittsburgh, Pennsylvania, to engage de novo in arranging cormercial real estate equity financing through its vbolly-cwned subsidiary, Equimanagement, Inc., Pittsburgh, Pennsylvania, pursuant to Section 225.25(b)(14) of Regulation Y. November 30, 1988 Feceived Section 4(c) (8) Notice on November 8, 1988 from Fanners National Bank Corp. of Cynthiana, Inc,, Cynthiana, Kentucky, to engage de novo in the business of consumer finance pursuant to Section 225.25(b)(1)(i) of Regulation Y through a wholly-owned subsidiary J.B. Finance Company, Inc. December 5, 1988 Received Section 4(c)(8) Notice on November 9, 1988 from Cortland Bancorp, Inc., Cortland, Ohio, for permission to engage de novo in leasing personal and real property pursuant to Section 225.25(b) (5) of Regulation Y through a wholly-owned subsidiary New Resources Leasing Co., Cortland, Ohio. December 5, 1988 SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE* OR NEWSPAPER NOTICE Received notice on November 14, 1988 from Northern Kentucky Trustcorp, Inc., Cold Spring, Kentucky, of its intent to redeem all of its 12 percent preferred, non-voting stock outstanding. Received request on November 14, 1988 from Ohio Citizens Bank, Toledo, Ohio, for permission to exceed its limit of investment in bank promises permitted under Section 24A of the Federal Reserve Act. * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Content Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date First Banc Securities, Inc., Morgantown, West Virginia, for prior approval to acquire First Bank, National Association, Uniontown, Pennsylvania, a de novo bank.* 12-19-88 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Chesapeake Bank Corporation, Chesapeake, Virginia, to engage in making, acquiring, and/or servicing loans for itself or for others of the type made by a consumer finance company through acquisition of South Norfolk Loan Corporation, Chesapeake, Virginia. Not Yet Available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None* *Application is subject to CRA. November 21, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Admiralty Bank Juno Beach, Florida To establish a branch at the intersection of Military Trail and P.G.A. Boulevard, Palm Beach Gardens, Florida, to be known as the Admiralty Plaza Office. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Citizens' Capital Corporation Fobertsdale, Alabama Change in control by Robert Gulledge and Linda Gulledge to retain 11.38 percent of the outstanding shares that increased total ownership to 25.24 percent (after-the-fact). FirstBanc Holding Company, Inc. 11-23-88 Fobertsdale, Alabama Federal Register Change in control by Charles K. Breland to acquire an additional 33.22 percent of the outstanding shares of c a m o n stock, increasing total ownership to 77.67 percent. Abess Properties, Ltd. 12-05-88 Miami, Florida Federal Register 1-BHC formation, City National Bancshares, Inc., Miami, Florida. Pasco Financial Corporation 12-02-88 Dade City, Florida Federal Register 1-BHC formation, First National Bank of Pasco, Dade City, Florida. First Cherokee Bancshares, Inc. Woodstock, Georgia 1-BHC formation, First Cherokee Bancshares, Inc., Woodstock, Georgia. Citizens Capital Corporation Morton, Mississippi Change in control by Robert Eason Leake and Wirt A. Merger, Jr. to acquire an additional 14.1 percent of the outstanding shares increasing total cvrership to 43.4 percent. November 21, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Ccnroent Period Ending Date Magnolia State Capital Corporation Magee, Mississippi Change in control by Robert Eason Leake and Wirt A. Yerger, Jr. to acquire an additional 18.5 percent of the outstanding shares, increasing total ownership to 55.4 percent. SouthTrust of South Carolina, Inc. Latta, South Carolina Joint with SouthTrust Corporation, Birmingham, Alabama, to acquire SouthTrust National Bank of Charleston, Charleston, South Carolina (in organization). Hartsville Pancshares, Inc. 12-08-88 Hartsville, Tennessee Newspaper Change in control by Buford and Ruby Thompson who will become the largest shareholders when the current largest shareholder sells his shares. The Thompsons own 23.7 percent. Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Bate Barnett Banks, Inc. 12-09-88 Jacksonville, Florida Federal Register To expand the geographic scope and to expand Telecheck services provided by its subsidiary, Barnett Merchants Services, Inc., Jacksonville, Florida, pursuant to sections 225.23(b) (1) and (b) (3) of Regulation Y. SunTrust Banks, Inc. Atlanta, Georgia To expand the activities of SunTrust Insurance Company, Atlanta, Georgia, and engage de ncwo in underwriting as reinsurer of home mortgage redemption insurance, pursuant to section 225.25(b) (8) (i) of Regulation Y. November 21, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section IV - Aplications Not Subject To Federal Register Or Newspaper Notice Application Whitney National Bank New Orleans, Louisiana To establish a branch to be located in Grand Cayman, British West Indies, pursuant to Regulation K. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch Security Bank and Trust Company Southgate, Michigan Vicinity of Six Mile and Haggerty Road Livonia, Michigan* N - 11-21-88 Branch Old Kent Bank and Trust Company Grand Rapids, Michigan 9325 Cherry Valley Avenue Caledonia, Michigan* N - 11-27-88 Membership Exchange Bank of Lake County (in organization) N Vernon Hills, Illinois To become a member of the Federal Reserve System* - 11-22-88 Branch Midwest Commerce Banking Company Elkhart, Indiana Relocation from 100 E. Wayne Street to 233 S. Main Street, South Bend, Indiana* N - ** Branch The Ripley County Bank Osgood, Indiana Corner of Carr & Franklin Streets Milan, Indiana* N - ** EFT Bankers Trust Company Des Moines, Iowa Food Saver, 3799 86th Street Urbandale, Iowa* N - ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 Community Financial Corporation Harbor Beach, Michigan The Peoples State Bank of Caro, Michigan Caro, Michigan* FR - 11-21-88 N - 11-30-88 Y-l Friendship Bancorp. Friendship, Indiana The Friendship State Bank Friendship, Indiana* FR - 11-30-88 N - 11-7-88 Y-2 Panhandle Aviation, Inc. Clarinda, Iowa Humboldt Trust & Savings Bank Humboldt, Iowa* FR N - 12-7-88 12-5-88 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Reftister Notice Continued Comment Period EndinR Date Type Application Y-l Community Bancorp, Inc. St. Charles, Michigan Community State Bank of St. Charles St. Charles, Michigan* FR - 12-2-88 N - 11-30-88 Y-2 First of America Bank Corporation Kalamazoo, Michigan Wabash Valley Bancorporation, Inc. Peru, Indiana Wabash Valley Bank and Trust Company Peru, Indiana* FR - 10-26-88 N - 11-21-88 Y-2 First of America Bank Corporation-Indiana Kalamazoo, Michigan Wabash Valley Bancorporation, Inc. Peru, Indiana Wabash Valley Bank and Trust Company Peru, Indiana* FR - 10-26-88 N - 11-21-88 CoC-HC Lincoln Financial Corporation Fort Wayne, Indiana Lincoln National Corporation Fort Wayne, Indiana FR - 11-3-88 N - 11-4-88 Y-2 First Suburban Bancorp Corporation Maywood, Illinois First State Bank of Alsip Alsip, Illinois* FR - 11-21-88 N - 11-30-88 CoC-HC/RoS First Brookfield, Inc. La Grange, Illinois Shirley B. Hennebry and to redeem 3,000 shares (17.7%) FR - 11-23-88 N - 11-23-88 CoC-HC/RoS Hawarden Bancshares, Inc. Hawarden, Iowa Earl V. Slife; Edith C. Slife; Earl V. Slife, Jr.; Harry Slife & Alan Burke and to redeem 1,258.75 shares (75.15%) FR - 11-23-88 N - 11-30-88 CoC-HC Kent Bancshares, Inc. Kent, Illinois Dale DeVries & R. Ronald Lawfer FR - 11-23-88 U _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y -2 First National Bancorp, Inc. Joliet, Illinois Southwest Suburban Bank Bolingbrook, Illinois* FR - 12-5-88 N - 11-18-88 Y-2 First Oak Brook Bancshares, Inc. Oak Brook, Illinois Liberty Bancorp, Inc. Broadview, Illinois Liberty Bank Broadview, Illinois* FR - ** N - ** CoC-HC Leland National Bancorp, Inc. Leland, Illinois H. P. Walker; Donald D. Spencer; Marlin M. Cluts; Theodore L. Tilton; Steven M. Pfieffer; Rick L. Reed FR - ** N - ** Y-l W-CV Bancorp, Inc. Westby, Wisconsin Westby-Coon Valley State Bank Westby, Wisconsin* FR - ** N - ** Y-l FSB of Victor, Inc. Victor, Iowa Farmers Savings Bank Victor, Iowa* FR - ** N - ** Y-2 NEB Corporation Fond Du Lac, Wisconsin Mount Calvary State Bank Mount Calvary, Wisconsin* FR - ** N - 12-10-88 CoC-HC First Midwest Corporation of Delaware Elmwood Park, Illinois E. V. Silveri FR - ** N _ ** CoC-HC Robuck, Inc. South Sioux City, Nebraska Thomas D. Ross; Ron Bowden; Randy Lanning; Randy Lamprecht and Mark Buckley FR - ** N - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Endins Date Type Application 4(c)(8) Northern Trust Corporation Chicago, Illinois Northern Investment Corporation Chicago, Illinois— making and servicing loans FR - 11-30-88 Y-4 Caisse Nationale De Credit Agricole Paris, France Loan Syndication, Interest swaps, portfolio investment through UI-USA, New York New York FR - 11-30-88 Y-4 Conover Bancorporation Creston, Iowa Northwest Financial Corp. Spencer, Iowa FR - ** Y-4 Continental Illinois Corporation Chicago, Illinois Continental Capital Markets Corporation Chicago, Illinois FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Geneva Bancshares, Inc. Geneva, Illinois To purchase up to 10% of outstanding shares of common stock N - Newspaper FR - Federal Register * - Subject to provisions of Community Reinvestment Act ** - Not available at this time Federal Reserve Bank, of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None Application Comment Period Ending Date SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Change in control notification involving FBT Bancshares, Inc., Fordyce, Arkansas, by L. Weems Trussell (Not available) Change in control notification involving First Valley National Corporation, Clarksdale, Mississippi, by First National Bank of Clarksdale Employee Stock Option Plan, Clarksdale, Mississippi (Not available) Change in control notification involving Caddo Holding Company, Glenwood, Arkansas, by Faye Cargile (Not available) * Section 3(a)(3) application by Union Planters Corporation, Memphis, Tennessee, to acquire United Southern Corporation, Clarksdale, Mississippi (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY None SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE* OR NEWSPAPER NOTICE Stock Redemption notification by FBT Bancshares, Inc., Fordyce, Arkansas * This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to ______ Newspaper Notice Only_______ Comment Period ' Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Dassel Investment Company Minneapolis t MN To acquire Fidelity State Bank of New Prague, New Prague, MN* December 2, 1988 (Federal Register) Cleveland Bancshares, Inc. Cleveland, MN To acquire Peoples State Bank Cleveland, MN* December 5, 1988 (Federal Register) First Dakota Financial Corporation Yankton, SD To acquire First Dakota National Bank Yankton, SD* December 7, 1988 (Federal Register) Albert Johnson and Vernon Johnson To acquire control of 33Z of the voting shares of Vahalla Bank Holding Company, Vahalla, ND Not yet available Section III - Applications Subject to Federal Register Notice Only Application Park Financial Corporation St. Louis Park, MN To engage de novo in originating and servicing loans or other ex tensions of credit. The activity will be conducted in Minnesota. Subject to CRA Comment Period Ending Date November 11, 1988 FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only (Continued) Application Comment Period Ending Date Park Financial Corporation St. Louis Park, MN To engage de novo through Park Investment Corporation, St. Louis Park, MN, in providing securities brokerage services and incidental activities. The activity will be conducted nationwide. November 11, 1988 Norwest Corporation, Mpls, MN, Norwest Financial Services, Inc., Des Moines, IA and Norwest Finan cial, Inc., Des Moines, IA To engage in leasing personal property as agent, broker, or ad visor & to engage in making, acquiring or servicing loans thru the acquisition of HBE Leasing Corporation, St. Louis, MO. November 11, 1988 Lake Crystal Bancorporation Lake Crystal, MN To engage in operating a general insurance agency through the acquisition of Lake Crystal National Agency, Inc., Lake Crystal, MN. The activity will be conducted in Lake Crystal, MN. December 2, 1988 Bosshard Banco, Ltd. La Crosse, WI To engage de novo in providing trust services thru the acquisi tion of 82 of the voting shares of Vigil Asset Management, Inc., Wausau, WI, a de novo company. The activity will be conducted in Wisconsin. November 30, 1988 FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only (Continued) Comment Period Ending Date Application Norvest Corporation Minneapolis, MN Norvest Financial Services, Inc. Des Moines, IA Norvest Financial, Inc. Des Moines, IA To engage in consumer finance acti vities thru the acquisition of Charter Finance Company, Cape Girardeau, MO, and Mid South Finance Company of Illinois, McClure, 111. Not yet available Section IV - Applications Not Subject to Federal Register Notice or Nevspaper Notice Application None Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION C O M M E N T P E R I O D E N D I N G DATE B a n k of W o o d w a r d , W o o d w a r d , O k l a h o m a , for pr i o r a p p r o v a l to a c q u i r e c e r t a i n a s s e t s a nd a s s u m e t h e l i a b i l i t i e s of B a n k of the N o r t h w e s t , W o o d w a r d , Oklahoma. Not A p p l i c a b l e SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION C O M M E N T P E R I O D E N D I N G DATE C h a r l e s G. Smith, Omaha, Nebraska, f o r p r i o r a p p r o v a l to a c q u i r e 20 p e r c e n t of the v o t i n g s h a r e s of N o r t h Pork C o r p o r a t i o n , Paonia, C o l o r a d o ; J a c k G. L e n g e m a n n , Omaha, N e b r a s k a , for pr i o r a p p r o v a l to a c q u i r e 5 percent; A n n e M. A n d e r s o n , as C u s t o d i a n for G o r d o n A n d e r s o n , under the U n i f o r m Gift to M i n o r s Act, Thed f o r d , Nebraska, for p r i o r a p p r o v a l to a c q u i r e 16.67 p e r c e n t ; A n n e M. Anderson, T h e d f o r d , N e b r a s k a , for p r i o r a p p r o v a l to a c q u i r e 16.67 p ercent; L a w r e n c e P. C h a n d l e r T r u s t and L a w r e n c e P. Chandler, Jr., Trustee, B e l l e v u e , Nebraska, for p r i o r a p p r o v a l to a c q u i r e 8.33 p e rcent; a n d R e e v a C h a n d l e r Trust, L a w r e n c e F. C h a n d l e r and L a w r e n c e P. C h a n d l e r , Jr., Trust e e s , B e l levue, N e b r a s k a , for p r i o r a p p r o v a l to a c q u i r e 16.67 percent. N ot A v a i l a b l e Southwest Missouri Bancorporation, Inc., C a r thage, M i s s o u r i , for p r i o r a p p r o v a l to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of B a n k of Miami, Miami, O k lahoma, a de n o v o bank. No t A p p l i c a b l e M e l v i n W i n g e r , J o h n s o n , Kansas, a n d J o h n Levis, Syracuse, Kansas, for p r i o r a p p r o v a l t o i n c r e a s e e a c h of t h e i r p r o p o r t i o n a t e o w n e r s h i p of S y r a c u s e F i n a n c i a l Company, S y r a c u s e , Kansas, by 7.39 p e r c e n t t o 31 . 1 2 percent. Not Available Federal Reserve Bank of Kansas City C h a m b a n c o , Inc., Chambers, N e b r a s k a , for p r i o r approval to a c q u i r e 56.2 p e r c e n t of the v o t i n g s h a r e s of E w i n g Agency, Inc., Ewing, N e b r a s k a , p arent of F a r m e r s S t a t e B a n k , Ewing, N e b r a s k a . * N ot A v a i l a b l e A N B B a n k c o r p , I n c . , Bristow, O k l a h o m a , for p r i o r appro v a l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of C i t i z e n s Bank, N . A . , Sapulpa, Oklahoma.* N o v e m b e r 23, 1988 N e w H a m p t o n B a n c s h a r e s , Inc., New H a m p t o n , M i s s o u r i , for prior approval to acquire and merge with S e c u r i t y B a n c s h a r e s , Inc., Albany, M i s s o u r i , p a r e n t of Bank of Gallatin, Gallatin, Missouri.* N o v e m b e r 30, 1988 C Y R F a m i l y T rust, Merriam, Kansas, for p r i o r a p p r o v a l to a c q u i r e 37.54 p e r c e n t of t h e v o t i n g share s of U n i t e d K a n s a s B a n k Group, I n c . , M e r r i a m , Kan s a s . D e c e m b e r 2, W a y n e R. a n d V i r g i n i a E. L. M c K i n n e y , K e a r n e y , Nebraska, for p r i o r a p p r o v a l to increase t h eir p r o p o r t i o n a t e o w n e r s h i p of C i r c l e M a n a g e m e n t Compa n y , Kearney, N e b r a s k a , b y 6.52 percent to 15.44 percent. N o v e m b e r 28, L u t h e r C. G r a h a m , Sand Springs, O k l a h o m a , fo r prior approval t o increase his proportionate o w n e r s h i p of L i m e s t o n e B ancshares, I n c . , S a n d Springs, Oklahoma, by 1 . 2 6 p e r c e n t t o 11.79 percent. D e c e m b e r 2, 1 9 8 8 M. L. & J a m i e W o o l d r i d g e , C a r r o l l t o n , M issouri, for prior a p p r o v a l t o i n c r e a s e their p r o p o r t i o n a t e o w n e r s h i p of First C a r r o l l t o n Banc s h a r e s , Inc., C a r r o l l t o n , Misso u r i , by 11.27 p e r c e n t to 21.03 percent; M. L. W o o l d r i d g e - IRA, for prior a p p r o v a l to a c q u i r e 4.87 p e r c e n t of t h e v o t i n g shares; and J a mi e W o o l d r i d g e - IRA, for prior a p p r o v a l ‘■o a c q u i r e 2.08 p e r cent of Liiu v o t i n g shares. December 1988 1988 2, 1 9 8 8 Federal Reserve Bank of Kansas City SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION C O M MENT P E R I O D E N D I N G DATE None. SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION S y r a c u s e Finan c i a l C ompany# S y r a c u s e , Kansas, for prior a p p r o v a l to r e d e e m 2 2,050 s h a r e s of its o w n v o t i n g c o m m o n stock. M i d Cen t r al Bancorp, I n c . , W a r s a w , M i s s o u r i , for prior a p p r o v a l to r e d e e m 1,824 s h a r e s of its own v o t i n g c o m m o n stock. W e l c h B a n c s h a r e s , Inc., W e l c h , O k l a h o m a , for prior a p p r o v a l to r e d e e m 194 s hares of its own v o t i n g c o m m o n stock. G r e a t e r M e t r o Ba n k H o l d i n g Company, A u r o r a , C olorado, for p r i o r a p p r o v a l to r e d e e m 6 , 6 0 0 s h a r e s of i t s o w n v o t i n g c o m m o n stock. ♦ A p p l i c a t i o n is s u b ject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF NOVEMBER 14, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Lower Rio Grande Valley Bancshares, Inc., Employee Stock Option Plan, La Feria, TX to acquire Lower Rio Grande Valley Bancshares, Inc., La Feria, TX and First National Bank of La Feria, La Feria, TX ♦Section 3(a)(3) application by Premier Bancshares of Texas, Inc., Victoria, TX to acquire Bank of Kerrville, Kerrville, TX, a de novo institution formed to acquire certain assets and assume the liabilities of The Bank of Kerrville, Kerrville, TX 88/ 11/11 None required due to emergency SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 11/18/88 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice C.N. Bancorp, Limited, Taipei, Taiwan, Republic of China, and Williams-Augusta Acquisition Corp., San Francisco, California, respectively, to become bank holding companies through the acquisition of California National Bank, San Francisco, California. * Newspaper: 12/05/88 Fed. Rea.: 11/30/88 Mineral King Bancorp, Inc., Visalia, California, to become a bank holding company through the acquisition of Mineral King National Bank, Visalia, California. * Newspaper: Not available Fed. Rea.: 12/02/88 Siegel & Feldstein Voting Trust, Los Angeles, California, to increase voting shares from 20 percent to 35 percent of Griffin Holdings, Inc., Los Angeles, California. Newspaper: Not available Fed. Rea.: 11/28/88 Richard J. Meyer, Fullterton, California, to increase his ownership from 22.21 percent to 45.55 percent of Pacific Inland Bancorp, Anaheim, California, which owns Pacific Inland Bank, Anaheim, California. Newspaper: 11/28/88 Fed. Rea.: 12/06/88 Section III - Applications Subject to Federal Register Notice Only Security Pacific Corporation, Los Angeles, California, to acquire Burns Fry Hoare Govett, Inc., New York, New York, and engage in brokerage, advisor and private placement activities. Fed. Rea.: Not yet published Section III - Applications Subject to Federal Register Notice Only (Cont'd) Security Pacific Corporation, Los Angeles, California, to engage in underwriting and dealing in equity securities to a limited extent through Security Pacific Securities, Inc., Los Angeles, California. Fed. Rea.: 12/10/88 Security Pacific Corporation, Los Angeles, California, to engage in underwriting and dealing in certain ineligible debt securities to a limited extent through Security Pacific Securities, Inc., Los Angeles, California. Fed. Rea.: 12/10/88 The Sanwa Bank, Limited, Osaka, Japan, to engage in underwriting and dealing in mortgage related securities, municipal bonds, consumer related receivables, and commercial paper, securities brokerage and acting as investment/financial advisor, through Sanwa-BGK Securities Co., L.P., New York, New York. Fed. Rea.: 11/23/88 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Brighton Bancorp, Salt Lake City, Utah, to redeem 350 shares of net worth of Bancorp. * Subject to CRA.
@FedFRASER