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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1982 No. 47)
Actions of the Board; Applications and Reports
Received During the Week Ending November 20, 1982
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Reduction in the basic discount rate from 9 1/2
percent to 9 percent.
Atlanta
AmSouth Bancorporation, Birmingham, Alabama,
extension of time to January 18, 1983, within
which to acquire shares of National Bank of
Birmingham, Birmingham, Alabama. ]_/
Cleveland
Banc One Corporation, Columbus, Ohio, extension
of time to March 1, 1983, within which to
acquire Chardon Savings Bank, Chardon, Ohio. JJ
Minneapolis
B e l f i e l d Bancshares, I n c . , Bel f i e l d , North
Dakota, extension of time to December 31, 1982,
w i t h i n which to acquire F i r s t National Bank
of B e l f i e l d , North Dakota. V
Dal las
Borger F i r s t Corporation, Borger, Texas, extension
of time to February 20, 1983, within which to
acquire F i r s t National Bank of Borger, Borger,
Texas. \J
Cleveland
Chardon Savings Bank, Chardon, Ohio, extension of
time t o March 1, 1983, within which to merge with
Banc One of Geauga County, Chardon, Ohio. ]_/
Chicago
Citizens Michiana Financial Corporation, Michigan
C i t y , Indiana, extension of time to January 24,
1983, within which to become a bank holding
company through the acquisition of 100 percent
of the voting shares of the successor by merger
to Citizens Bank of Michigan C i t y , Indiana,
Michigan C i t y , Indiana. 1/
T7
Application processed on behalf of the Board of Governors under
delegated authority.
1
H.2, 1982No. 47
- 2 -
ACTIONS OF THE BOARD - Continued
Chicago
City Bankshares, I n c . , Portage, Wisconsin, extension
of time to January 15, 1983, within which to become a bank holding company through the acquisition
of 80 percent or more of the voting shares of
City Bank and Trust Company, Portage, Wisconsin. y
Chicago
CS BANCORP, Huntington, Indiana, extension of time
to February 14, 1983, within which to become a
bank holding company through the acquisition of
100 percent of the voting shares of the successor
by merger to Community State Bank in Huntington,
Huntington, Indiana. J /
Atlanta
F i r s t Bulloch Banking Corporation, Statesboro,
Georgia, extension of time to February 7, 1983,
within which to become a bank holding company
through the acquisition of F i r s t Bulloch Bank &
Trust Company, Statesboro, Georgia. ]_/
Kansas City
F i r s t National Bankshares of Gunnison, I n c . , Gunnison,
Colorado, extension of time to February 16,
1983, within which to acquire F i r s t National
Bank of Gunnison, Gunnison, Colorado. J /
Dal las
Humble Bancshares, I n c . , Humble, Texas, extension
of time to January 19, 1983, within which to
acquire Humble National Bank, Humble, Texas, y
Chicago
Huntington Bancshares, Incorporated, Columbus,
Ohio, extension of time to February 20, 1983,
within which to acquire Union Commerce Corporation,
Cleveland, Ohio, y
Dallas
Liberty National Bancshares, I n c . , Lovington, New
Mexico, extension of time to January 14, 1983,
within which to acquire Liberty National Bank,
Lovington, New Mexico. J_/
Chicago
Maiden Bancorp, I n c . , Maiden, I l l i n o i s , extension of
time to February 7, 1983, within which to become
a bank holding company through the acquisition of
50 percent of the voting shares of The Farmers
and Traders State Bank of Maiden, I l l i n o i s , Maiden,
I l l i n o i s . 1/
y
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 47
3 -
ACTIONS OF THE BOARD - Continued
St. Louis
Mercantile Bancorporation Inc., St. Louis, Missouri,
extension of time to February 23, 1983, within
which to acquire Clayton Mercantile National Bank,
Clayton, Missouri, a proposed new bank. 1/
St. Louis
Mid-America Bancorp, L o u i s v i l l e , Kentucky, extension
of time to February 28, 1983, within which to
become a bank holding company through the acq u i s i t i o n of the successor by merger to The
Bank of L o u i s v i l l e and Trust Company, L o u i s v i l l e ,
Kentucky. J /
Chicago
Mid-Iowa Bancshares Co., Algona, Iowa, extension of
time to February 14, 1983, within which to become
a bank holding company through the acquisition of
80 percent or more of the voting shares of Iowa
State Bank, Algona, Iowa. 1/
Dallas
Oaklawn Financial Corporation, Texarkana, Texas,
extension of time to February 14, 1983, within
which to acquire Oaklawn Bank, Texarkana, Texas. } /
Atlanta
7-L Corporation, Tampa, Florida, extension of time to
January 13, 1983, within which to acquire shares of
F i r s t Florida Banks, I n c . , Tampa, Florida. V
Dallas
Texas Commerce Bancshares, I n c . , Houston, Texas,
extension of time to February 14, 1983, within which
to acquire Texas Commerce Bank-Westlake Park, N. A»,
Houston, Texas. J /
Boston
Cape Cod Bank and Trust Company, Hyannis, Massachusettss
an investment in bank premises. J_/
Cleveland
First-Mason Bank, Mason, Ohio, an investment in bank
premises. 1/
Atlanta
Lawrence County Bank, Lawrenceburg, Tennessee, an
investment in bank premises. V
San
Francisco
F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles,
C a l i f o r n i a , extensions of time within which to
establish branch o f f i c e s : (1) in the v i c i n i t y
of Central and San Tomas Expressways, Santa Clara,
C a l i f o r n i a , extended to November 27, i983;
(2) in the v i c i n i t y of the intersection of
T7
Aoplication processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 47
- 4 -
ACTIONS OF THE BOARD - Continued
Highway 111 and Country Club Drive, Rancho Mirage,
C a l i f o r n i a , extended to November 18, 1983; and
(3) in the v i c i n i t y of Highway 49 and Brunswich
Road, Grass Valley, C a l i f o r n i a , extended to
November 20, 1983. 1/
Atlanta
South County Bank, Venice, Florida, extension of
time to March 3, 1983, within which to open i t s
Lemon Bay Banking Center. j_/
Kansas City
Alpine Bank, Glenwood Springs, Colorado, extension
of time to February 23, 1983, within which to
accomplish membership in the Federal Reserve
System. 1/
Cleveland
Banc One of Geauga County, Chardon, Ohio, extension
of time to March 1, 1983, within which to accomplish
membership in the Federal Reserve System. V
Kansas City
Valley Bank, Eagle, Colorado, extension of time to
February 27, 1983, within which to accomplish
membership in the Federal Reserve System. ]_/
Chicago
La Porte County National Bank, La Porte, Indiana,
proposed merger with F i r s t National Bank and
Trust Company of La Porte, La Porte, Indiana,
under the charter of La Porte County National
Bank and Trust Company of La Porte; report to
the Comptroller of the Currency on competitive
factors. 1_/
San
Francisco
New Pacific National Bank, Newport Beach, C a l i f o r n i a ,
proposed merger with Pacific National Bank, Newport Beach, C a l i f o r n i a , under charter and t i t l e
of the l a t t e r ; report to the Comptroller of the
Currency on competitive factors.
Atlanta
Northern Trust Bank of Florida/Naples, N.A., Naples,
F l o r i d a , proposed merger with Security Trust
Company of Naples, Naples, Florida; report to the
Comptroller of the Currency on competitive factors. J[.
Atlanta
Northern Trust Bank of Florida/Palm Beach, N.A., Palm
Beach, Florida, proposed merger with Security Trust
Company of Palm Beach* Palm Beach, Florida; report*
to the Comptroller of the Currency on competitive
fa cto rs. 1/
J7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
i
#
H.2, 1982 No. 47
- 5 -
ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant
To Section 9 of the Federal Reserve Act
Philadelphia
Approved
Orrstown Bank, Orrstown, Pennsylvania. To
establish a branch o f f i c e to be located at
51 East King Street, Shippensburg, Pennsylvania. 1J
Cleveland
The First-Mason Bank, Mason, Ohio. To establ i s h a branch o f f i c e at 122 N. Broadway,
Lebanon, Ohio. JJ
San
Francisco
The P r i n e v i l l e Bank, P r l n e v i l l e , Oregon. To
establish a branch o f f i c e i n the v i c i n i t y of
the intersection of Christmas Valley Road
and Christmas Tree Lane, City of Christmas,
Lake County, Oregon. 1/
Issued Intent Not t o Disapprove Change of Control
Pursuant t o Change i n Bank Control Act of 1978
Minneapolis
Not Disapproved
Pelican Bancshares, I n c . , Pelican Rapids,
Minnesota. 1/
Minneapolis
Parkers P r a i r i e Bancshares, I n c . , Parkers
P r a i r i e , Minnesota. 1/
Kansas City
Farmers Bancshares, I n c . , Nebraska C i t y , Nebraska. 1_/
Kansas City
Grant Bancshares, I n c . , Grant, Nebraska. 1/
*
1/
~~
*
*
*
*
Application processed on behalf of the Board of Governors, under
delegated a u t h o r i t y .
H.2, 1982 No. 47
- 6 -
ACTIONS OF THE BOARD - Continued
Applications and N o t i f i c a t i o n s f o r International
Investments and Other Actions Pursuant t o Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13)
of the Bank Holding Company Act of 1956, as amended
New York
roved
Citibank, N.A., New York, New York: requesting
c l a r i f i c a t i o n of conditions imposed on the
New York agency of Grind!ays Bank p . I . e . ,
London, England.
San
Francisco
F i r s t Pacific Investments Limited, Monrovia,
Liberia and F i r s t Pacific Holdings Limited,
Hong Kong, f o r approval t o retain ownership
of shares in F i r s t Pacific Finance Limited,
Hong Kong.
San
Francisco
Liu Chong Hing Bank Limited, Hong Kong: entered
i n t o an agreement with the Federal Reserve
System that i t s proposed limited Federal
branch in New York, New York, would receive
only such deposits as would be permissible
under Section 5(a) of the International
Banking Act (11/16/82) J /
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Richmond
Richmond
T7
Approved
Chesapeake Bankshares, I n c . , Kilmarnock, V i r g i n i a ,
f o r approval t o acquire 100 percent of the. voting
shares of the successor by merger t o Chesapeake
National Bank, Kilmarnock, V i r g i n i a . 1/
Fredericksburg National Bancorp, I n c . , Fredericksburg, V i r g i n i a , f o r approval to acquire 100
percent of the voting shares of the successor
by merger to The National Bank of Fredericksburg,
Fredericksburg, V i r g i n i a . J /
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
I
H.2, 1982 No. 47
- 7 -
ACTIONS OF THE BOARD - Continued
Atlanta
BNR Bancshares, Inc, New Roads, Louisiana, f o r
approval t o acquire at least 80 percent of
the voting shares of Bank of New Roads, New
Roads, Louisiana. V
Atlanta
F i r s t National Bancorp of Greenville, I n c . ,
Greenville, Alabama, for approval to acquire
at least 80 percent of the voting shares of
The F i r s t National Bank of Greenville, Greenv i l l e , Alabama. J /
Atlanta
F i r s t Roane County Bankcorp, I n c . , Rockwood,
Tennessee, f o r approval to acquire at least
80.0 percent of the voting shares of F i r s t
National Bank and Trust Company, Rockwood,
Tennessee. 1/
Atlanta
F i r s t S p r i n g f i e l d National Corp., Springf i e l d , Tennessee, f o r approval t o acquire at
least 80 percent of the voting shares of The
F i r s t National Bank of S p r i n g f i e l d , Springf i e l d , Tennessee. ] /
Atlanta
Gulf State Bancorp, Carrabelle, Florida, f o r
approval t o acquire at least 80 percent of the
voting shares of Gulf State Bank of Franklin
County, Carrabelle, Florida. 1/
Chicago
F i r s t Manitowoc Bancorp, I n c . , Manitowoc,
Wisconsin, f o r approval t o acquire 80 percent
of the voting shares of F i r s t National Bank
in Manitowoc, Manitowoc, Wisconsin.
Chicago
GRINNELL BANCSHARES, INC., G r i n n e l l , Iowa, for
approval t o acquire at least 80 percent of the
voting shares of Grinnell State Bank, G r i n n e l l ,
Iowa, j y
Chicago
I . V. Bancorp, I n c . , Peru, I l l i n o i s , f o r approval
to acquire at least 80 percent of the voting
shares of F i r s t National Bank in Peru, Peru,
Illinois. \ j
Chicago
SPRING GREEN BANKSHARES, INC., Spring Green, Wisconsin, for approval t o acquire at least 80
percent of the voting shares of Bank of Spring
Green, Spring Green, Wisconsin. 1/
T7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
1
H.2, 1982 No. 47
8 -
ACTIONS OF THE BOARD - Continued
St. Louis
•
Dawson Springs Bancorp, I n c . , Dawson Springs,
Kentucky, for approval to acquire at least
80 percent of the voting shares of Commercial
Bank of Dawson, Dawson Springs, Kentucky. ]_/
Minneapolis
Emery Security Bancorporation, I n c . , Emery» South
Dakota, f o r approval to acquire at least 90
percent of the voting shares of Security State
Bank, Emery, South Dakota. ]J
Minneapolis
M. M. Enterprises of PIentywood, I n c . , Plentywood,
Montana, f o r approval to acquire at least 80
percent of the voting shares of Security State
Bank of PIentywood, Plentywood, Montana. 1/
Minneapolis
MSB Holding Co., I n c . , Bismarck, North Dakota,
f o r approval to acquire at least 83.7 percent
of the voting shares of Mandan Security Bank,
Mandan, North Dakota. ] /
Kansas City
American Commerce Bancshares, I n c . , Oklahoma
C i t y , Oklahoma, f o r approval to acquire at
least 80 percent of the voting shares of
American Bank of Commerce, Oklahoma C i t y ,
Oklahoma. ]_/
Kansas City
F i r s t Ada Bancshares, I n c . , Ada, Oklahoma, f o r
approval to acquire at least 80 percent of the
voting shares of The F i r s t National Bank and
Trust Company of Ada, Ada, Oklahoma. J /
Kansas City
f i r s t Ainsworth Company, Ainsworth, Nebraska,
f o r approval t o acquire at least 80 percent of
the voting shares of The F i r s t National Bank
of Ainsworth, Ainsworth, Nebraska. ]_/
Kansas City
Winside Bancshares, I n c . , Winside, Nebraska, f o r
approval to acquire 100 percent of the voting
shares of Winside State Bank, Winside, Nebraska. ]_/
Dallas
Alamo Corporation of Texas, Alamo, Texas, f o r
approval t o acquire 100 percent of the voting
shares of Alamo Bank of Texas, Alamo, Texas,
Central National Bank, Pharr, Texas, a proposed
new bank and McAllen National Bank, McAllen,
Texas, a proposed new bank. J /
T7
Application processed on behalf of the Board of Governors under
.delegated a u t h o r i t y .
i
H.2, 1982 No. 47
- 9 -
ACTIONS OF THE BOARD - Continued
Dal las
F i r s t Graham Bancorp, I n c . , Graham, Texas, f o r
approval to acquire 100 percent of the. voting
shares of F i r s t National Bank in Graham, Graham,
Texas. ]_/
Dal las
Lancaster Bancshares, I n c . , Lancaster, Texas,
for approval to acquire at least 80 percent of
the voting shares of The F i r s t National Bank
of Lancaster, Lancaster, Texas. J_/
Dallas
Promenade Bancshares, I n c . , Richardson, Texas,
for approval t o acquire TOO percent of the
voting shares of Promenade National Bank,
Richardson, Texas. J /
Dal las
San Pedro Bancshares, I n c . , San Antonio, Texas,
f o r approval t o acquire 100 percent of the
voting shares of San Pedro State Bank, San
Antonio, Texas. J /
San
Francisco
C a l i f o r n i a Commercial Bankshares, Costa Mesa,
C a l i f o r n i a , f o r approval to acquire 100 percent
of the voting shares of National Bank of
Southern C a l i f o r n i a , Costa Mesa, C a l i f o r n i a ,
a proposed new bank. ]_/
San
Francisco
Combancorp, City of Commerce, C a l i f o r n i a , for
approval to acquire 100 percent of the voting
shares of Commerce National Bank, City of
Commerce, C a l i f o r n i a , a proposed new bank. 1/
San
Francisco
F i r s t Pacific Investments Limited, Monrovia,
L i b e r i a ; F i r s t Pacific Holdings Limited, Hong
Kong, B.C.C.; FPC Holdings, N.V, Curacao, Nether
lands A n t i l l e s ; F i r s t P a c i f i c , B.V.,
Amsterdam, Netherlands; and F i r s t Pacific Corporation, Wilmington, Delaware, f o r approval
t o acquire 100 percent of the voting shares of
Hibernia Bancshares Corporation, San Francisco,
C a l i f o r n i a and i n d i r e c t l y acquire The Hibernia
Bank, San Francisco, C a l i f o r n i a .
*
J?
*
*
*
*
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 47
- 10 -
ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Richmond
Approved
Bank of Virginia Company, Richmond, V i r g i n i a ,
f o r approval to acquire 21.2 percent of the
voting shares of The Bank of Vienna, Vienna,
V i r g i n i a . 1/
Chicago
Hawkeye Bancorporation, Des Moines, Iowa, f o r
approval to acquire at least 80 percent of
the voting shares of State Bank of Vinton,
Vinton, Iowa. J /
Chicago
Valley Bancorporation, Appleton, Wisconsin, for
approval t o acquire a l l of the assets of United
Bankshares, I n c . , Green Bay, Wisconsin, and
i n d i r e c t l y 100 percent of the voting shares of
West Bank and Trust, Green Bay, Wisconsin;
East Bank, Green Bay, Wisconsin; and United
Bank of Green Bay, Green Bay, Wisconsin. ]_/
Dallas
A l l i e d Bancshares, I n c . , Houston, Texas, f o r approval
t o acquire 100 percent of the voting shares of
A l l i e d Bank River Bend, Dallas, Texas, a proposed
new bank. J /
Dallas
American Bancorporation, I n c . , Longview, Texas,
f o r approval t o acquire 100 percent of the voting
shares of Texas Bank & Trust in Wichita F a l l s ,
Wichita F a l l s , Texas. 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
New York
\j
Withdrawn
C i t i c o r p , New York, New York, f o r approval to
engage, through i t s subsidiary, Citicorp
Financial, I n c . , Towson, Maryland, i n o f f e r i n g
a consumer layaway plan known as the Purchase
Plus Plan, 1n connection with CFl's proprietary
c r e d i t card known as Choice.
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
I
H.2, 1982 No. 47
- 11 -
ACTIONS OF THE BOARD - Continued
Boston
Approved
Old Colony Co-Operative Bank, Providence, Rhode
Island, f o r approval to retain an existing
branch o f f i c e located at Walnut H i l l Shopping
Plaza, Woonsocket, Rhode Island and thereby
continue to engage in the a c t i v i t i e s of a
mutual building-loan association at a branch
o f f i c e in Woonsocket, Rhode Island.
New York
The Hongkong and Shanghai Banking Corporation,
Hong Kong; K e l l e t t , N.V., Curacao, Netherlands
A n t i l l e s ; HSBC Holdings, B.V., Amsterdam, The
Netherlands; and Marine Midland Banks, I n c . ,
Buffalo, New York, f o r approval to engage
de novo in investment advisory a c t i v i t i e s
through an o f f i c e in New York of Wardley Marine
International Investment Management, L t d . ,
London, England.
Chicago
Valley Bancorporation, Appleton, Wisconsin, f o r
approval to acquire Uniban Services, I n c . ,
Green Bay, Wisconsin, which engages in the
leasing of personal property. 1/
Kansas City
Dallas
J/
3/
Delayed
Commercial Bancorporation of Colorado, Denver,
Colorado, n o t i f i c a t i o n of intent to engage
i n de novo a c t i v i t i e s (making of leases on
personal property in accordance with the
Board's Regulation Y; the company intends to
enter i n t o leasing a c t i v i t i e s throughout the
United States) at 3300 East F i r s t Avenue,
Denver, Colorado (11/16/82) 3/
Andrews Bancshares, I n c . , Andrews, Texas, n o t i f i c a t i o n
of intent to engage i n de novo a c t i v i t i e s (to engage
in making leases of personal property in accordance
with the Board's Regulation Y) at 111 West Broadway,
Andrews, Texas, serving Texas (11/16/82) 3/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated authority
1
ACTIONS OF THE BOARD - Continued
New York
Permitted
The Bank of New York Company, I n c . , New York,
New York, requests permission to establish a
de novo o f f i c e engaging in the following
a c t i v i t i e s (performing or carrying on any
one or more of the functions or a c t i v i t i e s
of a f i d u c i a r y , investment advisory, agency
or custodian nature, in the manner authorized
by Federal law) at 800 B r i c k e l l Avenue, Miami,
F l o r i d a , through i t s subsidiary, The Bank o f
New York Trust Company of F l o r i d a , National
Association (11/14/82) 3/
New York
C i t i c o r p , New York, New York, requests permission
to expand the a c t i v i t i e s of f i v e existing o f f i c e s
(the making, acquiring or servicing or consumer
loans and other extensions of credit secured
by f i r s t mortgage or f i r s t t r u s t liens or decreasing or level [ i n the case of single payment
loans] term l i f e insurance by licensed agents or
brokers, as required; the sale of consumer
oriented financial management courses; the serv i c i n g , for any person, of loans and other
extensions of c r e d i t ; and the sale of mortgage
l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y
related to extensions of mortgage loans,
c r e d i t related l i f e , accident, and health
insurance may be underwritten by Family
Guardian L i f e Insurance Company, an a f f i l i a t e
o f Citicorp Financial, Inc.) at 7720 York Road,
Towson, Maryland; 8200 Perry Hall Boulevard,
Baltimore, Maryland; 3500 East-West Highway,
H y a t t s v i l l e , Maryland; Harundale Mall, Ritchie
Highway and Aquahart Road, Glen Burnie, Maryland
and Springfield Mall, P.O. Box 789, S p r i n g f i e l d ,
V i r g i n i a , through i t s subsidiary, C i t i c o r p ,
Financial, Inc. (11/14/82) _3/
New York
C i t i c o r p , New York, New York, requests permission
to relocate two e x i s t i n g o f f i c e s of i t s subs i d i a r i e s , Citicorp Person-to-Person Financial
Center, I n c . , ("CPFC"), and Citicorp Homeowners,
I n c . , ("CHI"), (CPFC engages in the making or
acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, f o r consumer and other
purposes; the extension of loans to dealers for
37
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 47
- 13 -
ACTIONS OF THE BOARD - Continued
the financing of inventory [ f l o o r planning]
and working capital purposes; the purchasing
and servicing f o r i t s own account of sales
finance contracts; the sale of c r e d i t related
l i f e and accident and health or decreasing or
level ( i n the case of single payment loans)
term l i f e insurance by licensed agents or
brokers, as required; the sale of consumer
oriented financial management courses; the
servicing, for any person, of loans and other
extensions of c r e d i t ; the making, acquiring,
and servicing, for i t s own account and for the
account of others, of extensions of c r e d i t to
individuals secured by liens on residential
or non-residential real estate; and the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y related to extensions of mortgage loans)
(CHI engages in the making or acquiring of loans
and other extensions of c r e d i t , secured or unsecured, f o r consumer and other purposes; the
sale of c r e d i t related l i f e and accident and
health or decreasing or level [ i n the case of
single payment loans] term l i f e insurance by
licensed agents or brokers, as required; the
sale of consumer oriented financial management
courses; the servicing, for any person, of loans
and other extensions of c r e d i t ; the making,
acquiring, and servicing, f o r i t s own account
and f o r the account of others, of extensions of
credit to individuals secured by liens on
residential or non-residential real estate;
and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related t o extensions
of mortgage loans; the service area f o r the
o f f i c e of CPFC and CHI at the new location w i l l
be comprised of the e n t i r e States of Missouri
and Kansas f o r a l l of the aforementioned a c t i v i t i e s ,
c r e d i t related l i f e , accident and health insurance
may be written by Family Guardian L i f e Insurance
Company, an a f f i l i a t e of CPFC and CHI) from 310
E. 12th Street, Kansas C i t y , Missouri to 880
E. 63rd Street, Raytown, Missouri, through i t s
subsidiaries, CPFC and CHI (11/14/82) 3/
3/
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
1
H.2, 1982 No. 47
-14-
ACTIONS OF THE BOARD - Continued
New York
Manufacturers Hanover Corporation, New York, New
York, requests permission to establish a de novo
o f f i c e engaging in the following a c t i v i t i e s
(making or acquiring loans and other extensions
of c r e d i t , secured or unsecured, such as could
be made or acquired by a finance company under
Maryland law; servicing such loans and other
extensions of c r e d i t ; and o f f e r i n g c r e d i t related l i f e insurance; such a c t i v i t i e s w i l l
include, but not be limited t o , making consumer
installment loans, purchasing installment sales
finance contracts, real estate equity lending,
motor vehicle lending, making loans and other
extensions of c r e d i t secured by real and personal
property, and o f f e r i n g c r e d i t - r e l a t e d single and
j o i n t l i f e insurance and decreasing or level term
[ i n the case of single payment loans] l i f e i n surance, d i r e c t l y related to extensions of c r e d i t
made or acquired by Finance One Mortgage of
Maryland, I n c . , by licensed agents or broker t o
the extent permissible under applicable State
insurance laws and regulations) at 500 Rock
Springs Drive, Bethesda, Maryland, serving the
e n t i r e State of Maryland, through i t s subsidiary,
Finance One Mortgage of Maryland, Inc. (11/17/82) 3/
Philadelphia
Northeastern Bancorp, I n c . , Scranton, Pennsylvania,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (to perform or carry on one or
more of the functions or a c t i v i t i e s that may
be performed or carried on by a t r u s t company
Including a c t i v i t i e s of a f i d u c i a r y , agency or
custodian nature in the manner authorized by
Federal or State law) at 3003 Cardinal Drive,
Vero Beach, Florida, serving Indian River,
Brevard, Saint Lucie and Martin Counties,
F l o r i d a , through i t s subsidiary, Pennsylvania
Trust Company of F l o r i d a , National Association
(11/20/82) 3/
Atlanta
The Colonial Bancgroup, I n c . , Montgomery, Alabama,
n o t i f i c a t i o n of intent to engage i n de novo
a c t i v i t i e s (making, f o r i t s own account, loans
and other extensions of c r e d i t , such as would
be made, f o r example, by a mortgage, finance,
c r e d i t card, or factoring company) at 671 South
Perry Street, Montgomery, Alabama, serving
Montgomery County (11/20/82) 3/
3/
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 47
- 15 -
ACTIONS OF THE BOARD - Continued
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s ( i n the a c t i v i t i e s of consumer and
commercial finance and the sale of c r e d i t related insurance) from 508 State Street, Salem,
Oregon t o 3708 Center Street, Salem, Oregon,
through i t s subsidiary, Dial Finance Company of
Oregon (11/15/82) 3/
Dallas
The Jefferson Company, Jefferson, Marion County,
Texas, n o t i f i c a t i o n of intent t o engage in
de novo a c t i v i t i e s (making or acquiring loans
and other extensions of c r e d i t such as would
be made by a commercial finance company;
servicing such loans for others; the sale of
money orders, U. S. Savings Bonds and travelers
checks) in the Lake 0' the Pines resort area,
Marion County, Texas, serving the resort and
the surrounding rural area of Marion County,
Texas, through i t s subsidiary, The F i r s t
National Jefferson Company (11/20/82) 3/
Dallas
Merchants Financial Corporation, Dallas, Texas,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making leases of personaT"property)
at 5217 Ross Avenue, Dallas, Texas, through a
wholly-owned subsidiary known as MFC Leasing,
Inc. ( 1 1 / 2 0 / 8 2 ) 3 /
San
Francisco
Arizona Bancwest Corporation, Phoenix, Arizona,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making and/or acquiring f o r i t s
own account and the account of others, loans
and other extensions of c r e d i t and leasing
personal property or acting as agent, broker,
or adviser in connection with leasing such
property) at 101 North F i r s t Avenue, Phoenix,
Arizona, serving customers throughout the
State of Arizona and certain customers who
require financing in the States of C a l i f o r n i a ,
Nevada, Utah, Colorado, New Mexico and Texas,
through i t s subsidiary, Bancwest Financial
Services Company (11/20/82) 3/
37
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Boad of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 47
- 16 -
ACTIONS OF THE BOARD - Continued
San
Francisco
3/
Wells Fargo & Company, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (underwriting, as reinsurer,
c r e d i t l i f e and c r e d i t d i s a b i l i t y insurance
which i s d i r e c t l y related to extensions of
c r e d i t by the c r e d i t extending a f f i l i a t e s of
Wells Fargo & Company to include the underw r i t i n g , as reinsurer, of such c r e d i t insurance
d i r e c t l y related to such c r e d i t extensions
in Texas and V i r g i n i a ) at 1421 East Thomas
Road, Phoenix, Arizona, through i t s subs i d i a r y , Central Western Insurance Company
(11/20/82) 3/
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
I
- 17 -
H.2, 1982 No. 47
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
To Section 9 of the Federal Reserve Act
Richmond
Bank of V i r g i n i a , Richmond, V i r g i n i a . To establ i s h a customer-bank communication terminal at
1229 Todds Lane, Hampton, V i r g i n i a . 2/
Cleveland
AmeriTrust Company, Cleveland, Ohio. To establish
a CBCT branch at Parker Hannifin Corp., 17325
Euclid Avenue, Cleveland, Ohio. 2/
*
*
*
*
*
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections
25 and 25(a) of the Federal Reserve Act and Sections
4(c)(9) and 4(c)(13) of the Bank Holding Company
Act of 1956, as amended
San
Francisco
Liu Chong Hing Bank Limited, Hong Kong: request
to enter into an agreement with the Federal
Reserve System that i t s proposed limited Federal
branch in New York, New York, would receive
only such deposits as would be permissible
under Section 5(a) of the International Banking
Act.
San
Francisco
Security Pacific Overseas Corporation, Los Angeles,
C a l i f o r n i a : requests consent to increase i t s
i n d i r e c t investment in Security Pacific Bank
Canada.
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Atlanta
Community Bank of South Florida, I n c . , Homestead,
Florida, f o r approval to aquire at least 80
percent of the voting shares of Community Bank
of Homestead, Homestead, Florida. 2J
~T) Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 47
-
18
-
APPLICATIONS RECEIVED - Continued
Atlanta
Magnolia State Capital Corporation, Magee,
Mississippi, for approval to acquire at least
80 percent of the voting shares of Bank of
Simpson County, Magee, Mississipppi. 2/
Atlanta
Meigs County Bancshares, I n c . , Decatur, Tennessee,
for approval to acquire at least 80 percent of
the voting shares of Meigs County Bank, Decatur,
Tennessee. 2/
Atlanta
Preferred Equity Investors of Florida, I n c . , Knoxv i l l e , Tennessee, for approval to acquire up to
29.4 percent of the voting shares of Landmark
Banking Corporation of Florida, Fort Lauderdale,
Florida, and i n d i r e c t l y Landmark F i r s t National
Bank in Fort Lauderdale, Fort Lauderdale;
Landmark Bank of Brevard, Melbourne; Landmark
Bank of Orlando, Orlando; Landmark Union Trust
Bank of St. Petersburg, N.A., St. Petersburg;
Landmark Bank of Tampa, Tampa, a l l in Florida. 2/
Atlanta
UBF Corporation, Dade C i t y , Florida, f o r approval
to acquire at least 80 percent of the voting shares
of The Bank of Pasco County, Dade C i t y , Florida. 2j
Atlanta
United Pensacola Bancshares, Pensacola, Florida, f o r
approval to acquire at least 89.595 percent of
the voting shares of Bank of Pensacola, Pensacola,
Florida. 2/
Chicago
Commerce Bancorp, I n c . , Hamtramck, Michigan,
f o r approval to acquire 100 percent of the
voting shares of the successor by consolidation
to Bank of Commerce, Hamtramck, Michigan, and
100 percent of the successor by consolidation
t o The State Bank of Fraser, Fraser, Michigan. 2/
2/
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 47
- 19 -
APPLICATIONS RECEIVED - Continued
Chicago
Du Page Bancshares, I n c . , Glen E l l y n , I l l i n o i s ,
for approval t o acquire 100 percent of the voting
shares of the successor by merger to Du Page
Bank & Trust Company, Glen Ellyn, I l l i n o i s . 2/
Chicago
FARMERS NATIONAL CORPORATION, She!byvilie, Indiana,
for approval to acquire 100 percent of the voting
shares of the successor by merger to The Farmers
National Bank of Shelbyville, Shelbyville,
Indiana. 2/
Chicago
Guthrie County Bancshares, I n c . , Guthrie Center,
Iowa, for approval to acquire 97.5 percent or
more of the voting shares of Guthrie County State
Bank, Guthrie Center, Iowa. 2/
Chicago
Metro Bancorporation, Waterloo, Iowa, f o r approval
to acquire 100 percent of the voting shares of
the successor by merger to The Waterloo Savings
Bank, Waterloo, Iowa. 2/
Chicago
Pomeroy Bancorporation, Pomeroy, Iowa, f o r approval
to acquire at least 80 percent of the voting shares
of Pomeroy State Bank, Pomeroy, Iowa. 2/
St. Louis
CB&T Bancshares, I n c . , F l i p p i n , Arkansas, f o r
approval to acquire at least 80 percent of the
voting shares of Citizens Bank and Trust Company,
F l i p p i n , Arkansas. 2/
St. Louis
SBC Financial Corp., Como, Mississippi, for
approval t o acquire 100 percent (less d i r e c t o r s '
shares and 4 o u t - o f - s t a t e shares) of the voting
shares of State Bank of Como, Como, Mississippi. 2/
Minneapolis
Hutchinson Bancorp, I n c . , Minneapolis, Minnesota,
f o r approval to acquire 100 percent of the voting
shares of The F i r s t National Bank of Hutchinson,
Hutchinson, Minnesota. 2/
7J
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
H.2, 1982 No. 47
- 20 -
APPLICATIONS RECEIVED - Continued
Kansas City
F i r s t of Minden Financial Corporation, Lincoln,
Nebraska, for approval to acquire at least 60
percent of the voting shares of The F i r s t
National Bank of Minden, Minden, Nebraska. 2/
Kansas City
GN Bankshares, I n c . , Girard, Kansas, f o r approval
to acquire at least 61.67 and up t o 92.33 percent
of the voting shares of The Girard National Bank,
Girard, Kansas. 2J
Kansas City
Kaw Valley Bancshares, I n c . , Kansas C i t y , Kansas,
for approval to acquire at least 88.2 percent
of the voting shares and 99.80 percent of the
convertible debentures of Kaw Valley State Bank
and Trust, Kansas C i t y , Kansas. 2/
Kansas City
Pueblo Bancorporation, Pueblo, Colorado, f o r
approval to acquire at least 95 percent of the
voting shares of Pueblo Bank 8 Trust Company,
Pueblo, Colorado. 2J
Dallas
F i r s t Community Bancshares, I n c . , Houston, Texas,
f o r approval t o acquire 85.078 percent of the
voting shares of F i r s t National Bank, K i l l e e n ,
Texas; 80.027 percent of Fort Hood National
Bank, Fort Hood, Texas; and 96.45 percent of
American Bank, Conroe, Texas. 2J
Dallas
F i r s t Dumas Bancshares, I n c . , Dumas, Texas, for
approval t o acquire at least 80 percent of the
voting shares of The F i r s t National Bank of
Dumas, Dumas, Texas. 2/
Dallas
Groos Financial Corporation, San Antonio, Texas,
f o r approval to acquire 100 percent of the
voting shares of Groos Bank, N.A., San Antonio,
Texas. 2/
*
77
*
*
*
*
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 47
-21 -
APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Boston
F i r s t National Vermont Corporation, S p r i n g f i e l d ,
Vermont, f o r approval to acquire 100 percent of
the voting shares of The Bradford National
Bank, Bradford, Vermont. 2/
Cleveland
AmeriTrust Corporation, Cleveland, Ohio, f o r
approval t o acquire 100 percent of the voting
shares of The Southern Ohio Bank, Cincinnati,
Ohio. 2/
Richmond
F i r s t Bancorp of War, I n c . , War, West V i r g i n i a ,
f o r approval to acquire 100 percent of the
voting shares of Ameribank Welch, West V i r g i n i a ,
a proposed new bank. 2/
St. Louis
Eagle Bancorporation, I n c . , Highland, I l l i n o i s , f o r
approval to acquire at least 51.0 percent of
the voting shares of Sparta State Bank, Sparta,
I l l i n o i s . 2/
Kansas City
Fourth Financial Corporation, Wichita, Kansas, f o r
approval to acquire at least 24.98 percent of
the voting shares of Pittsburg Bancshares, I n c . ,
Pittsburg, Kansas and i n d i r e c t l y The National
Bank of Pittsburg, Pittsburg, Kansas. 2/
Dallas
Mercantile Texas Corportion, Dallas, Texas, for
approval t o acquire 100 percent of the voting
shares of Exposition Bank, N.A., San Antonio,
Texas, a proposed new bank. 2/
San
Francisco
F i r s t Interstate Bancorp, Los Angeles, C a l i f o r n i a ,
f o r approval t o acquire 100 percent of the
voting shares of F i r s t Interstate Bancard Company, N.A., Simi Valley, C a l i f o r n i a , a proposed
new bank. 2/
*
Tj
*
*
*
*
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
H.2, 1982 No. 47
-
22 -
APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
St. Louis
Eagle Bancorporation, I n c . , Highland, I l l i n o i s ,
for approval to merge with Time Associates,
I n c . , Nashville, I l l i n o i s , and i n d i r e c t l y
acquire 97.18 percent of the voting shares
of The F i r s t National Bank of Nashville,
Nashville, I l l i n o i s . 2/
St. Louis
F i r s t Tennessee National Corporation, Memphis,
Tennessee, for approval to merge with Mountain
Financial Company, Maryville, Tennessee, and
i n d i r e c t l y acquire 100 percent of the voting
shares of Bank of Maryville, Maryville,
Tennessee. 2/
Dallas
I n t e r F i r s t Corporation, Dallas, Texas, f o r approval
to acquire 100 percent of the voting shares of
F i r s t United Bancorporation, I n c . , Fort Worth,
Texas and i n d i r e c t l y acquire F i r s t United BankA r l i n g t o n , N.A, Arlington; Metroplex National
Bank in Arlington, Arlington; Southwest State
Bank, Brownwood; Cleburne National Bank,
Cleburne; F i r s t National Bank of Fort Worth,
Fort Worth; Gateway National Bank of Fort
Worth, Fort Worth; Security State Bank, Fort Worth;
Seminary State Bank, Fort Worth; University
Bank, Fort Worth; Las Colinas National Bank of
I r v i n g , I r v i n g ; Texas Commerce Bank-Longview
N.A., Longview; F i r s t United Bank-Richland N.A.,
North Richland H i l l s ; State National Bank,
Odessa; Farmers F i r s t National Bank, Stephenville,
Citizens National Bank of Temple, Temple; and
Terrell State Bank, T e r r e l l , a l l in Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston
UST Corp., Boston, Massachusetts, 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 (to continue
ZJ Application subject t o Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
I
H.2, 1982 No. 47
- 23 -
APPLICATIONS RECEIVED - Continued
to engage in investment advisory a c t i v i t i e s and
financial planning services, including analyzing
and recommending appropriate investments, f u r nishing general economic information and advice,
furnishing s t a t i s t i c a l forecasting services and
industry studies and making general f i n a n c i a l
planning recommendations) at 4849 N. Mesa, Suite
210, El Paso, Texas and 201 N. Franklin Street,
Tampa, Florida, serving western Texas and the
State of Florida, respectively, through i t s
subsidiary, FCA Corp. (11/16/82)
New York
C i t i c o r p , New York, New York, requests permission
t o expand the a c t i v i t i e s of an existing o f f i c e
of i t s subsidiary, Citicorp Acceptance Company,
I n c . , t o include the following a c t i v i t i e s (the
sale of c r e d i t - r e l a t e d l i f e and accident and
health or decreasing or level [ i n the case of
single payment loans] term l i f e insurance by
licensed agents or brokers, as required; the
making of loans to individuals and businesses
to finance the purchase of mobile homes, modular
units or related manufactured housing together
with the real property to which such housing is
or w i l l be permanently a f f i x e d , such property
being used as security f o r the loans; and the
servicing, for any person, of loans and other
extensions of c r e d i t ; in addition, the o f f i c e
proposes t o broaden i t s previously approved
a c t i v i t i e s of the extension of loans to mobile
home dealers f o r the financing of inventory
[ f l o o r planning] and working capital purposes
and the purchasing and servicing for i t s own
account of sales finance contracts r e l a t i n g to
mobile homes, t o engage in such a c t i v i t i e s
with regard to a l l types of dealers and a l l types
of consumer installment paper) for the aforementioned a c t i v i t i e s at 2045 University Parkway,
Republic Square, Suite 101, Winston/Salem,
North Carolina, the proposed service area shall
be comprised of the e n t i r e States of North
Carolina and South Carolina, through i t s subs i d i a r y , Citicorp Acceptance Company, Inc. (11/19/82)
New York
C i t i c o r p , New York, New York, requests permission
to expand the services of two e x i s t i n g o f f i c e s
of i t s subsidiaries, Citicorp Homeowners, Inc.
("CHI") and Citicorp Person-to-Person Financial
Center, Inc. ("CPFC") engaging in the following
a c t i v i t i e s (previously approved for both o f f i c e s :
H.2, 1982 No. 47
- 24 -
APPLICATIONS RECEIVED - Continued
the making, acquiring, and servicing, for i t s
own account and for the account of others, of
extensions of credit to individuals secured
by liens on residential or non-residential
real estate) at 8133 Leesburg Pike, V i r g i n i a , ?
the proposed expanded service area shall be the "
e n t i r e State of Pennsylvania, through i t s
subsidiaries, CHI and CPFC (11/19/82)
New York
C i t i c o r p , New York, New York, requests permission
to establish two de novo offices of i t s subs i d i a r i e s , Citicorp Homeowners, Inc. ("CHI"),
and Citicorp Person-to-Person Financial Center
of Utah ("CPFC") to engage in the following
a c t i v i t i e s (the making or acquiring of loans
and other extensions of c r e d i t , secured or
unsecured, for consumer and other purposes;
the sale of credit related l i f e and accident
and health or decreasing or level [ i n the case
of single payment loans] term l i f e insurance
by licensed agents or brokers, as required;
the sale of consumer oriented financial management
courses; the servicing, for any person, of loans
and other extensions of c r e d i t ; the making, acquiring,
and servicing, for i t s own account or for the account
of others, of extensions of credit to individuals
secured by liens and residential or non-residential
real estate; and the sale of mortgage l i f e and
mortgage d i s a b i l i t y insurance d i r e c t l y related to
extensions of mortgage loans; the proposed service
area for the de novo o f f i c e of CHI and CPFC shall
be comprised "of the e n t i r e State of Utah for a l l
the aforementioned proposed a c t i v i t i e s ; c r e d i t
related l i f e , accident, and health insurance may
be written by Family Guardian Life Insurance Company, an a f f i l i a t e of CHI and CPFC) at 3828 South
Main, Salt Lake C i t y , Utah, through i t s subsidiaries,
CHI and CPFC (11/19/82)
Hew York
C i t i c o r p , New York, New York, requests permission to
establish four de novo offices of i t s subsidiary,
Citicorp Homeowners, I n c . , ("CHI"), and to expand
a c t i v i t i e s and service areas of four existing
o f f i c e s of i t s subsidiary, Citicorp Person-to-Person
Financial, Center, I n c . , ("CPFC") at the same
locations; the a c t i v i t i e s in which the de novo o f f i c e s
of CHI propose to engage are (making or acquiring of
loans and other extensions of c r e d i t , secured or
unsecured, f o r consumer and other purposes; the sale
of credit related l i f e and accident and health or
I
H.2, 1982 No. 47
-25-
APPLICATIONS RECEIVED - Continued
decreasing or level ( i n the case of single
payment loans) term l i f e insurance by licensed
agents or brokers, as required; the sale of
consumer oriented financial management courses;
the servicing, f o r any person, of loans and
other extensions of c r e d i t ; the making, acquiring,
and servicing, f o r i t s own account and for the
account of others, of extensions of c r e d i t to
individuals secured by liens on residential or
non-residential real estate; and the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y related to extensions of mortgage loans;
the proposed service area for each of the de novo
o f f i c e s of CHI shall be comprised of the e n t i r e
State of Oregon for a l l the aforementioned proposed
a c t i v i t i e s ; the new a c t i v i t i e s in which the o f f i c e s
of CPFC propose to engage de novo are: the making,
acquiring, and servicing, for i t s own account and
f o r the account of others, of extensions of credit
t o individuals secured by liens on residential
or non-residential real estate; and the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y related to extensions of mortgage loans;
the proposed service area for each o f f i c e of
CPFC shall be comprised of the e n t i r e State of
Oregon for the aforementioned proposed a c t i v i t i e s
and a portion of CPFC's previously approved
a c t i v i t i e s , s p e c i f i c a l l y , the making or acquiring
of loans and other extensions of c r e d i t , secured
or unsecured, f o r consumer and other purposes;
the sale of credit related l i f e and accident and
health or decreasing or level [ i n the case of
single payment loans] term l i f e insurance by
licensed agents or brokers, as required; the sale
of consumer oriented financial management courses;
and the servicing, for any person, of loans and
other extensions of c r e d i t ; c r e d i t related l i f e ,
accident, and health insurance may be written by
Family Guardian L i f e Insurance Company, an
a f f i l i a t e of CPFC and CHI) at 11521 N.E. 122nd
S t r e e t , Portland, Oregon; 831 Lancaster Drive, N.E.,
Salem, Oregon; Columbia Square Office Building,
111 S.W. Columbia, Portland, Oregon; and 11505 S.W.
Pacific Highway, Portland, Oregon, through i t s subs i d i a r i e s , CHI and CPFC (11/19/82)
H.2, 1982 No. 47
- 26 -
APPLICATIONS RECEIVED - Continued
New York
F i r s t National State Bancorporation, Newark,
New Jersey, requests permission to establish
a t r u s t company and to engage in the
following a c t i v i t i e s (performance and carrying
on of any one or more of the functions or
a c t i v i t i e s that may be performed or carried
on by a national t r u s t company in a manner
authorized by applicable federal and state
law) at 150 East Palmetto Park Road, Boca
Raton, F l o r i d a , through i t s subsidiary,
F i r s t National State Trust Company (11/18/82)
New York
Horizon Bancorp, Morristown, New Jersey, requests
permission to establish a de novo o f f i c e to
engage in the following a c t i v i t i e s (making or
acquiring, f o r i t s own account or for the account
of others, loans and other extensions of c r e d i t
including issuing l e t t e r s of c r e d i t and accepting
d r a f t s such as would be made, for example, by
a mortgage, finance, c r e d i t card or factoring
company; and leasing personal property or acting
as broker or advisor in leasing such property
provided such leases meet the c r i t e r i a of
Section 225.4(a)(6) of Regulation Y) at Suite 7613,
76 Perimeter Center East, Atlanta, Georgia, through
i t s subsidiary, Horizon Creditcorp (11/19/82)
New York
Hubco I n c . , Union C i t y , New Jersey, requests permission to engage in the following a c t i v i t i e s
( i n making of d i r e c t and i n d i r e c t leases of
personal property; the making of leases shall
include, but not be l i m i t e d t o , automobile
leases obtained d i r e c t l y or through dealers;
servicing of independent leasing companies or
leases that conform to the provisions of
Regulation Y) at 3100 Bergen!ine Avenue,
Union C i t y , New Jersey, through i t s subsidiary,
Hub Leaservice, Inc. (11/17/82)
New York
Manufacturers Hanover Corporation, New York, New
York, requests permission t o establish a de novo
o f f i c e to engage in the following a c t i v i t i e s
(making or acquiring loans and other extensions
of c r e d i t , secured or unsecured, such as could
be made or acquired by a finance company under
Alabama law; servicing such loans and other
extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d
l i f e insurance and c r e d i t - r e l a t e d accident and
I
H.2, 1982 No. 47
- 27 -
APPLICATIONS RECEIVED - Continued
health insurance; such a c t i v i t i e s w i l l include,
but not be l i m i t e d t o , making consumer i n s t a l l ment loans, purchasing installment sales finance
contracts, making loans and other extensions of
c r e d i t secured by real and personal property, and
o f f e r i n g c r e d i t - r e l a t e d single l i f e insurance and
decreasing or level term [ i n the case of single
payment loans] l i f e insurance and credit accident
and health insurance d i r e c t l y related to extensions
of credit made or acquired by Finance One of Alabama, Inc. by licensed agents or brokers to the
extent permissible under applicable State insurance
laws and regulations) at 303 Williams Avenue, Huntsv i i l e , Alabama, t h i s o f f i c e w i l l serve the entire
State of Alabama, through i t s subsidiary, Finance
One of Alabama, Inc. (11/17/82)
Cleveland
Mellon National Corporation, Pittsburgh, Pennsylvania,
n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s
(to engage in the limited purpose leasing of four
a i r c r a f t whereby the lease serves as the functional
equivalent of an extension of c r e d i t in compliance
with Section 225.4'a)(6) of Regulation Y) at the
Mellon Bank Building, Mellon Square, Pittsburgh,
Pennsylvania, through i t s subsidiary, Mellon I n t e r national A i r c r a f t Leasing Corporation #2 (11/12/82)
Richmond
Southern National Corporation, Lumberton, North Carolina,
and Southern Bancorporation, I n c . , Greenville, South
Carolina, for approval to acquire 100 percent of the
voting shares of Southern International Corporation,
Charlotte, North' Carolina.
Atlanta
American Banks of F l o r i d a , I n c . , Jacksonville, Florida,
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
(to engage in both direct underwriting and reinsurance
of c r e d i t l i f e insurance and c r e d i t accident and
health insurance which i s d i r e c t l y related to extensions of c r e d i t by i t or i t s banking subsidiary,
American National Bank of Jacksonville) at 208 North
Laura Street, Suite 1200, Jacksonville, Florida,
serving Duval County, Florida, through i t s subsidiary,
American Security L i f e Insurance Company (11/15/82)
Atlanta
Trust Company of Georgia, Atlanta, Georgia, f o r
approval t o engage de novo through i t s subsidiary,
Trust Company Mortgage, Atlanta, Georgia.
I
H.2, 1982 No. 47
-
28 -
APPLICATIONS RECEIVED - Continued
St. Louis
F i r s t Tennessee National Corporation, Memphis,
Tennessee, for approval to i n d i r e c t l y conduct
certain leasing a c t i v i t i e s through a going
concern nonbank subsidiary.
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s ( i n the a c t i v i t i e s of consumer and
commercial finance, and the sale of c r e d i t - r e l a t e d
insurance) at Salem Plaza, 1111 North Salem Drive,
Schaumburg, I l l i n o i s , which o f f i c e w i l l serve
Schaumburg, I l l i n o i s , other nearby suburbs of
Chicago, I l l i n o i s , through i t s subsidiary,
Dial Finance Company of I l l i n o i s (11/17/82)
Kansas City
Kaw Valley Bancshares, I n c . , Kansas City, Kansas, for
approval to acquire 50.01 percent of the outstanding
shares of Electronic Processing, I n c . , Kansas
C i t y , Kansas, a data processing services company.
Dal 1 as
F i r s t City Financial Corporation, Albuquerque, New
Mexico, 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 (to engage in insurance
a c t i v i t i e s by acting as agent f o r the sale of
l i f e , accident and health insurance d i r e c t l y
related to I t s extensions of c r e d i t ) at
2155 Louisiana, NE, Albuquerque, New Mexico;
200 East Broadway, Hobbs, New Mexico; 101
West Greene, Carlsbad, New Mexico; 1141
Mechem Drive, Ruidoso, New Mexico; 209 S. Main
Street, Lovington, New Mexico; and 1901 N. Main
Street, Roswel1, New Mexico, through i t s subs i d i a r y , F i r s t City Mortgage Company (11/15/82)
Dallas
I n t e r F i r s t Corporation, Dallas, Texas, f o r approval
t o acquire 100 percent of the voting shares of
Texas Credit L i f e Insurance Company and F i r s t
United Services, I n c . , both of Fort Worth, Texas.
Dallas
Merkel Bancshares, I n c . , Merkel, Texas, n o t i f i c a t i o n
of intent to engage i n de novo a c t i v i t i e s (making
leases of personal property in accordance with the
Board's Regulation Y) in Merkel, Texas, serving
Texas, through is wholly-owned subsidiary, MBS
Leasing, Inc. (11/12/82)
H.2, 1982 No. 47
- 29 -
APPLICATIONS RECEIVED - Continued
Dal las
Union Bancshares, I n c . , San Antonio, Texas,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (in the underwriting of credit l i f e
insurance and credit accident and health i n surance d i r e c t l y related to extensions of
credit by Union Bank) at 3570 S.W. M i l i t a r y
Drive, San Antonio, Texas, serving Texas, through
i t s subsidiary, UBI Life Insurance Company
(11/16/82)
San
Francisco
American Bancorp of Nevada, Las Vegas, Nevada,
n o t i f i c a t i o n of intent to engage i n de novo
a c t i v i t i e s (making equity mortgage loans for
placement with investors or acting as an agent
f o r American Bank of Commerce in making equity
mortgage loans, acting as a loan broker by
placing loans with private or i n s t i t u t i o n a l
lenders, purchasing loans secured by second
t r u s t deeds for sale to investors or acting as
an agent for American Bank of Commerce in purchasing loans secured by second t r u s t deeds,
loan servicing, and acting as agent for the
sale of l i f e , accident, and health insurance
d i r e c t l y related to i t s extensions of c r e d i t )
at 2800 West Sahara Avenue, Las Vegas, Nevada,
serving Southern Nevada, through i t s subsidiary,
AmBank Mortgage (11/11/82)
San
Francisco
BankAmerica Corporation, San Francisco, California,
f o r approval to establish de novo a direct subs i d i a r y , BA Futures, I n c . , T a n Francisco, California.
San
Francisco
Enterprise Bancorp, San Francisco, California,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making or acquiring and servicing
real estate loans for i t s own account and for
the account of others) at 1632 Franklin Street,
Oakland, C a l i f o r n i a , serving the 8 county area
generally known as the San Francisco Bay Area,
through i t s subsidiary, Enterprise Bancorp
Servicing (11/10/82)
San
Francisco
First Security Corporation, Salt Lake City, Utah,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making or acquiring loans and other
extensions of credit such as would be made by a
mortgage banking company, including making both
residential and commercial mortgage loans for
i t s own p o r t f o l i o and for sale to others, and
the servicing of such loans for others) at
-30-
H.2, 1982 No. 47
APPLICATIONS RECEIVED -
Continued
632 West Southern Avenue, Mesa, Arizona, serving
Mesa, the southern h a l f of Maricopa County and
the northern portion of Pinal County, through
i t s e x i s t i n g subsidiary, Utah Mortgage Loan
Corporation (11/10/82)
San
Francisco
Mitsubishi Bank, Limited, Tokyo, Japan, n o t i f i c a t i o n
of intent t o engage in de novo a c t i v i t i e s (leasing
personal property, acting as agent, broker or
adviser in leasing said property, or s e l l i n g such
property through long-term installment sales cont r a c t s where such transactions serve as the
functional equivalent of an extension of c r e d i t
t o the user of the property pursuant to the
conditions contained in Section 225.4(a)(6)
of the Board's Regulation Y) from the head o f f i c e
of Diamond Lease Company in Tokyo, Japan, and at
800 Wilshire Boulevard, Los Angeles, C a l i f o r n i a ,
serving the United States, through i t s subsidiary,
Diamond Lease Company, Ltd. (11/12/82)
*
*
*
*
*
REPORTS RECEIVED
Tender Offer Statement Filed Pursuant to Section 14(d)
of the Securities Exchange Act Supplement
Bank of Vienna
Vienna, V i r g i n i a
(Filed by Bank of V i r g i n i a Company
Richmond, V i r g i n i a )
*
*
*
*
*
PETITIONS FOR RULEMAKING
None.
@FedFRASER