The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1981 No. 4 7 )
Actions of the Board; Applications and Reports
Received During the Week Ending November 21, 1981
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Rates, Federal Reserve Banks; the Federal Reserve Board
removed the 2 percent surcharge that applies to large
frequent borrowers at the discount window.
Regulation Y amendment, to include the issuance of travelers
checks among the nonbanking activities permissible for bank
holding companies; effective December 21, 1981.
(Docket
No. R-0361)
Over-the-counter stocks; the Federal Reserve Board proposed
for comment amendments to some of the criteria that overthe counter (OTC) stocks must meet and continue to meet
to be included on its list of OTC Margin Stocks; the Board
requested comment by January 29, 1982. (Docket No. R-0372)
St. Loui s
Area Bancshares Corporation, Hopkinsville, Kentucky, extension of time to February 12, 1982, within which to become
a bank holding company through acquisition of the successor
by merger to First City Bank and Trust Company, Hopkinsville, Kentucky. I/
Chicago
Brooklyn Bankshares, Inc., Brooklyn, Wisconsin, extension of
time to December 19, 1981, within which to become a bank
holding company through acquisition of 80 percent or more
of the voting shares of Brooklyn State Bank, Brooklyn,
Wisconsin. \J
San
Francisco
Enterprise Bancorp, Oakland, California, extension of time
to February 21, 1982, within which to become a bank holding company through acquisition of all outstanding shares
of First Enterprise Bank, Oakland, California. J_/
Chicago
Pacesetter Financial Corporation, Grand Rapids, Michigan,
extension of time to March 4, 1982, within which to
acquire 100 percent of the voting shares of Pacesetter
Bank - Grand Rapids, Michigan (in organization). 1/
1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2,
1981 No. 47
- 2
-
ACTIONS OF THE BOARP-Continued
Kansas City
Bank of Cashing, Gushing, Oklahoma, permission to exercise
full trust powers. \J
Atlanta
Commerce Union Bank of Rutherford County, Murfreesboro,
Tennessee, an investment in bank premises. \J
Kansas City
Issuance of subordinated capital notes by Fidelity Bank
and Trust, Aurora, Colorado. 1/
Atlanta
Central Bank of Mobile, N.A., Mobile, Alabama, proposed
merger with First National Bank of Baldwin County,
Fairhope, Alabama; report to the Comptroller of the
Currency on competitive factors. JJ
San
Franci sco
Central Valley Bank, Toppenish, Washington, proposed merger
with Central Valley Bank, N.A., Toppenish, Washington,
with the title and charter of the latter; report to the
Federal Deposit Insurance Corporation on competitive
factors. JJ
Dallas
Fannin Bank, Windom, Texas, proposed merger with New Fannin
Bank, Windom, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. Jij
Dallas
First City National Bank, Carlsbad, New Mexico, proposed
merger with New First City National Bank, Carlsbad, New
Mexico; report to the Comptroller of the Currency on
competitive factors. JJ
Dal las
First City National Bank of Lea County, Hobbs, New Mexico,
proposed merger with New First City National Bank of
Lea County, Hobbs, New Mexico; report to the Comptroller
of the Currency on competitive factors. JJ
Atlanta
First National Bank of Pulaski, Pulaski, Tennessee, proposed
merger with First Phantom National Bank, Pulaski, Tennessee;
report to the Comptroller of the Currency on competitive
factors. \J
St. Louis
Holland National Bank, Holland, Indiana, proposed merger with
The National Bank of Holland, Holland, Indiana; report to
the Comptroller of the Currency on competitive factors. J 7
Cleveland
Intercounty Bancshares, Inc., Wilmington, Ohio, extension of
time to December 31, 1981, within which to acquire the
Clinton County National Bank and Trust Company, Wilmington,
Ohio. 1/
1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2,
1431 No. 47
ACTIONS OK THE BOARD-Continued
Atlanta
International Bank-Holding Company of Florida, N.V., and
the Internationa1 Bank of Florida, Inc., South Miami,
Florida, extension of time to February 6, 1982, within
which to become bank holding companies through acquisition
of the International Bank of Miami, N.A., South Miami,
Florida. If
Richmond
State Bank, Denton, Maryland, proposed merger with the
Peoples Bank of Maryland, Denton, Maryland; report to
the Federal Deposit Insurance Corporation on competitive
factors. 1/
Atlanta
State Bank and Trust Company, Unadilla, Georgia, proposed
merger with Bank of Pinehurst, Pinehurst, Georgia; report
to the Federal Deposit Insurance Corporation on competitive
factors. 1/
\J
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1931 No. 47
- 4 ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant
9 of the Federal Reserve Act
Cleveland
to Section
Approved
The Oak Harbor State Bank Company, Oak Harbor, Ohio. To
establish a branch at Maple & East Perry Streets, Port
Clinton, Ottawa County, Ohio. 1/
Chicago
The Ripley County Bank, Osgood, Indiana. To establish a
branch at 211 West Perry Street, Versailles, Indiana. J_/
Chicago
First State Bank of Porter, Porter, Indiana. To establish
a branch at 429 N. Calumet Road, City of Chesterton,
Indiana. \J
San
Francisco
First Interstate Bank of California, Los Angeles, California.
To establish a branch office in the vicinity of the intersection of Highway 49 and Brunswick Road, Unincorporated
northern section of the City of Grass Valley, Nevada County,
California. \J
San
Francisco
Tracy-Collins Bank and Trust Company, Salt Lake City, Utah.
To establish a branch office to be located on the southwest corner of 2700 South and 300 West South Salt Lake,
Salt Lake County, Utah. JL/
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Atlanta
Approved
Central Bank of Birmingham, Birmingham, Alabama, jJ
* * * * *
To Establish a U.S. Branch of an Edge Act Corporation
Pursuant to Section 25(a) of the Federal Reserve Act
Richmond
\J
Approved
NCNB International Banking Corporation, New York, New York:
grants consent to establish a branch in Miami, Floirda.
Application processed on behalf of the Board of Governors under delegated
authority.
1.2,
1981 No. 47
ACTIONS OF THE BOARD-ContinueJ
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
Boston
Approved
Boston Overseas Financial Corporation, Boston, Massachusetts:
grants consent to make an additional investment in Boston
Financial Limited, Melbourne, Victoria, Australia.
New York
Banco Real S.A.,
ment that Real
of a branch to
its home State
New York
Chemical International Finance, Ltd., New York, New York:
grants consent to purchase and hold, directly or indirectly
additional shares of Chemical Bank International Limited,
London, England.
New York
Morgan Holdings Corp., Wilmington, Delaware, for approval to
retain its interst in Morgan Curacao, N.V., Netherlands
Antilles and Morgan Fonciere Cayman Islands Ltd., Georgetown, Grand Cayman Island.
New York
Soeiete Generale, Paris, France ("Sogen"):
entered into an
agreement that Sogen would limit the deposit taking activities
of a branch to be located in Chicago, Illinois outside of
its home State of New York. \J
New York
California Pacific National Bank, Los Angeles, California:
approved application to accept commercial drafts in an
agreement amount at any one time up to 100 percent of
its capital and surplus. 1/
San
Francisco
1/
Sao Paulo, Brazil:
entered into an agreewould limited the deposit-taking activities
be located in Chicago, Illinois outside ot
of New York. JL/
Sixty Day Notification Period Allowed to Expire
BankAmerica International Financial Corporation, San Francisco,
California:
no objection to acquire up to 96.9 percent of
the shares of Commercial Bank of Africa, Nairobi, Kenya.
Application processed on behalf of the Board of Governors under delegated
authority.
I
H.2,
1981 No. 4 7
- 6
-
A C T I O N S OF THE BOARD-Continued
T o Farm a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Mi :meapolis
Ntw Y rk
Philadelphia
Withdrawn
Pine River Holding Company, Fine River, Minnesota, for
approval to acquire 94.8 percent of the voting shares
of Pine
River State Bank, Pine River, Minnesota.
Approved
Morgan H o l d i n g s Corp., Wilmington, Delaware, for approval
to acquire at least 99.995 percent of the voting shares
<less directors' qualifying s h a r e s ) of Morgan Bank
(Delaware), Wilmington, Delaware, a proposed new bank.
Commonwealth National Financial Corporation, Harrisbur%,
Pennsylvania, for approval to acquire 100 percent of
the voting shares of The Commonwealth National Bank,
Harriaburg, Pennsylvania. j_/
?hi!aJitphia
Mid-State Bancorp, Inc., A1toona, Pennsylvania, for approval to acquire 100 percent of the voting shares of
Kid-St ate Bank and Trust Company, A1 toona, Pennsylvania.
1/
Li«vclan«i
( ! w<«! .iu<!
A m e r i c a n Bancorp, Inc., Newport, Kentucky, for approval to
acquire 100 percent of the voting shares of The American
National Bank of Newport, Newport, Kentucky and at Least
90 percent of the voting shares of Bellevue Commercial
& Savingr Bank, Bellevue, Kentucky. 1/
Peoples Bancorp of Sandy Hook, Inc., Sandy Hook, Kentucky,
for approval to acquire at least 51 percent of the voting
shares of Peoples Bank, Sandy Hook, Kentucky. If
At h i m u
Brookhaven Financial Corporation, Brookhaven, Mississippi,
for approval to acquire 100 percent of the voting shares
of Brookhaven Bank and Trust C o m p a n y , Brookhaven,
M i s s i s s i p p i . \f
Atlanta
Central of G e o r g i a Bancshares, Inc., Macon, Georgia, for approval to acquire 100 percent of the voting shares of
Central Bank of Georgia, M a c o n , Georgia. J J
Atlanta
Dale Hollow Holding Company, Celina, Tennessee, for approval
to acquire at least 80 and up to 96.18 percent of the voting
shares of Bank of Celina, Celina, Tennessee. 1/
JJ
A p p l i c a t i o n processed on behalf of the Board of Governors under delegated
authori ty.
HA3
7 -
<«,. 47
ACTIONS OF THE BOARD-Cont inued
Atlanta
First Commerce Bancorp, Inc., Commerce, Georgia, for approval to acquire 100 percent of the voting shares of
The First National Bank of Commerce, Commerce, Georgia.
1/
Atlanta
First Pikevi1le Bancshares, Inc., Pikevi1le, Tennessee,
for approval to acquire 100 percent of the voting
shares of the successor by merger to The First
National Bank of Pikevilie, Pikeville, Tennessee. _L/
Atlanta
First State Bancorporation, Tuscaloosa, Alabama, for approval to acquire at least 80 percent of the voting
shares of First State Bank of Tuscaloosa, Tuscaloosa,
Alabama. 1/
Atlanta
Northwest Georgia Bankshares, Inc., LaFayette, Georgia, for
approval to acquire at least 80 percent of the voting shares
of Walker County Bank, LaFayette, Georgia. JL/
Atlanta
Port Gibson Capital Corporation, Port Gibson, Mississippi,
for approval to acquire at least 80 percent of the voting
shares of Port Gibson Bank, Port Gibson, Mississippi. \j
Chicago
FIRST STATE FINANCIAL CORPORATION OF ROCKFORD, Rockford,
Illinois, for approval to acquire 100 percent of the
voting shares (less directors' qualifying shares) of
the successor by merger to First State Bank and Trust
Company, Rockford, Illinois. 1/
Chicago
First of Waverly Corporation, Waverly, Iowa, for approval to
acquire at least 80 percent of the voting shares of The
First National Bank of Waverly, Waverly, Iowa. JJ
Chicago
HANCOCK BANCSHARES CORPORATION, Greenfield, Indiana, for approval to acquire 100 percent of the voting shares (less
directors' qualifying shares) of the successor by merger
to Hancock Bank & Trust, Greenfield, Indiana. JL/
Chicago
Scott Bancshares, Inc., Bethany, Illinois, for approval to
acquire at least 80 percent of the voting shares of Scott
State Bank, Bethany, Illinois. 1/
Chicago
Spencer Bancorporation, Inc., Spencer, Wisconsin, for approval to acquire at least 80.06 percent of the voting
shares of Spencer State Bank, Spencer, Wisconsin. JJ
1/
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1981 No. 4 7
-
8 -
ACTIONS OF THE BOARD-Continued
St. Louis
Clifford Bancshares, Inc., Clarksville, Missouri, for approval to acquire Clifford Banking Company, Clarksville,
Missouri. If
St. Louis
Hardeman County Investment Company, Inc., Bolivar, Tennessee,
for approval to acquire at least 89.95 percent of the voting
shares of Hardeman County Bank, Bolivar, Tennessee. If
St. Louis
Valley Bancshares, Inc., Valley Park, Missouri, for approval
to acquire at least 80 percent of the voting shares of
Meramec Valley Bank, Valley Park, Missouri, If
Minneapolis
Milan Agency, Inc., Milan, Minnesota, for approval to acquire
at least 95.83 percent of the voting shares of Peoples State
Bank of Milan, Milan, Minnesota. JJ
Minneapolis
Wolf Point Bancorporation, Inc., Wolf Point, Montana, for approval to acquire 94.31 percent of the voting shares of
Citizens First National Bank of Wolf Point, Wolf Point,
Montana. _1/
Kansas City
International Bancshares of Oklahoma, Inc., Yukon, Oklahoma,
for approval to acquire at least 80 percent of the voting
shares of The Yukon National Bank, Yukon, Oklahoma. If
Kansas City
Rosedale Bancshares, Inc., Kansas City, Kansas, for approval
to acquire at least 80 percent of the voting shares of Rosedale State Bank and Trust Co., Kansas City, Kansas. \f
Dallas
Northwest Bancshares of Louisiana, Inc., Mansfield, Louisiana,
for approval to acquire a least 80 percent of the voting
shares of First National Bank in Mansfield, Mansfield,
Louisiana. JJ
Dallas
The Plains Corporation, Lubbock, Texas, for approval to
acquire at least 80 percent of the voting shares of The
Plains National Bank of Lubbock, Lubbock, Texas. If
San
Francisco
Orange Bancorp, Fountain Valley, California, for approval to
acquire 100 percent of the voting shares of The Bank of
Orange County, Fountain Valley, California. If
San
Francisco
Summit Bancshares, Inc., Oakland, California, for approval to
acquire 100 percent of the voting shares of Summit Bank,
Oakland, California, a proposed new bank. 1/
If
Application processed on behalf of the Board of Governors under delegated
authority.
H.2,
1981 No. 47
- 9 ACTIONS OF THE BOARD-Continued
San
Francisco
Tri-State Bancorporat ion, Inc., Montpelier, Idaho, for
approval to acquire 100 percent of the voting shares
of Tri-State Bank & Trust Company, Montpelier, Idaho.
1/
*
* * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
New York
Approved
J.P. Morgan & Co., Incorporated, New York, New York, for
approval to acquire indirectly through its wholly-owned
subsidiary, Morgan Holdings Corp., Wilmington, Delaware, 100
percent of the voting shares (less directors' qualifying
shares) of Morgan Bank (Delaware), Wilmington, Delaware,
proposed new bank.
Atlanta
Ellis Banking Corporation, Bradenton, Florida, for approval to acquire 100 percent of the voting shares
of The Peoples Bank, Gainesville, Florida. 1/
Atlanta
First Bankers Corporation of Florida, Pompano Beach, Florida,
for approval to acquire at least 80 percent of the voting
shares of Century National Bank of Brevard, Melbourne,
Florida. I/
Atlanta
Pan American Banks, Inc., Miami, Florida, for approval to
acquire at least 99 percent of the voting shares of
Manufacturers National Bank, Hialeah, Florida. 1/
Chicago
FIRST STATE FINANCIAL CORPORATION, East Detroit, Michigan,
for approval to acquire at least 80 percent of the voting
shares of Macomb County Bank, Richmond, Michigan. JLJ
Minneapolis
Commercial Banshares, Inc., Mitchell, South Dakota, for approval to acquire 100 percent of the voting shares of
Sanborn County Bank, Woonsocket, South Dakota. \J
Minneapolis
Dakota Bankshares, Inc., Fargo, North Dakota, for approval
to acquire at least 95.55 percent of the voting shares
of Bank of Kirkwood Plaza, Bismarck, North Dakota. 1/
\J
Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1981 No. 47
- 10 ACTIONS OF THE BOARD-Continued
Minneapolis
Farmers Investment Company, Inc., Eyota, Minnesota, for
approval to acquire 100 percent of the voting shares of
Elgin-Mi Ilville State Bank, Elgin, Minnesota. \J
Kansas City
North Platte Corporation, Torrington, Wyoming, for approval to acquire 80 percent or more of the voting shares
of Western Bank of Cody, Cody, Wyoming. JJ
Dallas
Texas American Bancshares Inc., Fort Worth, Texas, for
approval to acquire 100 percent of the voting shares
of Allen State Bank, Allen, Texas. JL/
San
Francisco
Northwest Bancorp, Albany, Oregon, for approval to acquire
100 percent of the voting shares (less directors' qualifying
shares) of Citizens Valley Bank, Albany, Oregon. \J
*
* * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Minneapolis
Approved
Farmers Investment Company, Inc., Eyota, Minnesota, for approval to merge with First Dover Investment Company, Elgin,
Minnesota and indirectly acquire First State Bank of Dover,
Dover, Minnesota. JL/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Minneapolis
New York
}J
Withdrawn
Pine River Holding Company, Pine River, Minnesota, for approval to acquire Pine River Agency, Inc., a general
insurance agency operating in a community of less than
5,000 population. V
Approved
Morgan Holdings Corp., Wilmington, Delaware, for approval
to retain its interest in Morgan Data Services, Inc.,
Jersey City, New Jersey.
Application processed on behalf of the Board of Governors under delegated
authority.
I
H.2,
1981 N o . 4 7
-
11
-
ACTIONS OF THE BOARD-Continued
St. Louis
Clifford Bancshares, Inc., ClarksviIle, Missouri, for approval to engage in the sale as agent of credit life
and credit accident and health insurance. J_/
Minneapolis
Farmers Investment Company, Inc., Eyota, Minnesota, for
approval to acquire 100 percent of the voting shares of
Elgin Financial Services, Elgin, Minnesota and Elgin
Investment Company, Elgin, Minnesota. JJ
Minneapolis
Milan Agency, Inc., Milan, Minnesota, for approval to continue to engage in general insurance activities in a
community with less than 5,000 population. \J
Kansas City
Padgett Agency, Inc., Greenleaf, Kansas, for approval to
acquire 33.63 percent and retain 10.11 percent of Greenleaf Development Company, Greenleaf, Kansas. \J
Kansas City
Kansas City
New York
3/
Delayed
Guaranty Bancshares Corporation, Kansas City, Kansas, notification of intent to engage in de novo activities
(making consumer and commercial loans and other extensions of credit to individuals and businesses; and acting as an agent for the sale of credit life and accident
and health insurance directly related to extensions of
credit by Company) at 6900 State Avenue, Kansas City,
Kansas, the geographic area to be served is Wyandotte
County, Kansas, through a subsidiary, Guaranty Financial
Services, Inc. (11/20/81) 3/
Reactivated
Farmers Enterprises, Inc., Albert, Kansas, notification of
intent to engage in de novo activities (the sale of money
orders and travelers checks) in Great Bend, Kansas, the
geographic area to be served by this office includes the
towns of Great Bend, Albert Olmitz and Pawnee Rock, all
in Western Barton County, Kansas (11/17/81) 3/
Permitted
Citicorp, New York, New York, requests permission to relocate
an existing office engaging in the following activities
(making or acquiring of loans and other extensions of
credit, secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing
of inventory (floor planning) and working capital purposes;
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
ACTIONS OF THE isOARD-Continued
11;(. purchasing and servicing for its own account of sales
finance contracts; the sale of credit related life and
a n id+'ut and health or decreasing or level (in the case of
single pavmenl loans) term life insurance hy licensed agents
o% hiokcrs, as r**quircd; the sale < f c<^nsumer oriented finaocial marKij'tment courses; and the servicing, for any
prison, cf loans and other extensions of credit; Che service arcr of che office would be comprised of the entire
Stale of Virginia; credit r e l i e d life, accident and health
insurance may be written by Family Guardian Life Insurance
Lonpjny, an affiliate of Citicorp Person-to-Person Financial
Center, Inc.) from 101 Buford Road, Suite 201, Richmond,
Virginia to r>03 Libbie Avenue, Richmond, Virginia, through
its sursidi^rv, Citicorp Person-to-Person Financial Center,
Inr. U 1 / 2 0 / 6 1 ) 2 /
Citicorp, New York, New York, requests permission to establish a dc novo office engaging in the following activities
< tin making or acquiring of loans and other extensions of
credit, secured or unsecured, for consumer and other purposes ; the extension of loans to dealers for the financing
of inventory (floor planning/ and working capital purposes;
the purchasing and servicing for its own account of sales
finance contracts; the sale of credit related life and
accident and health or decreased or level (in the case
of single payment loans) term life 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 credit;
the service area of the office would be comprised of the
entire State of Colorado; credit related life, accident
and health insurance may be written by Family Guardian
Life Insurance Company, an affiliate of Citicorp Personto-Person Financial Center, Inc.) at 3033 South Parker
Road, Aurora, Colorado, serving the entire State of
Colorado, through its subsidiary, Citicorp Person-to-Person
Financial Center, Inc. (11/20/81) 3J
New York
V
Manufacturers Hanover Corporation, New York, New York,
requests permission to expand the service area of existing offices engaging in the following activities (making
for its own account or for the account of others loans
and other extensions cf credit in connection with the
Federal National Mortgage Association resale and re-
4(c>78) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
11.2, 1981 No. 47
— 13 —
ACTIONS OF THE BOARD-Continued
finance commitment program, these activities would be
conducted from the mortgage origination offices of
Manufacturers Hanover Mortgage Corporation) at 3101
West Peoria Avenue, Phoenix, Arizona; 6420 East Broadway, Tucson, Arizona; 1819 Dobson Road, Mesa, Arizona;
5660 South Syracuse Circle, Englewood, Colorado; 6161
Ninth Street, St. Petersburg, Florida; 4550 West 103rd
Street, Oak Lawn, Illinois; Woodfield Executive Plaza,
600 Woodfield Drive, Schaumburg, Illinois; 611 Cascade
West Parkway, S.E., Grand Rapids, Michigan; 27555 Farmings
Road,, Farmington Hills, Michigan; 30100 Van Dyke Road,
Warren, Michigan; 6105 West St. Joseph, Lansing, Michigan;
1660 South Highway 100, St. Louis Park, Minnesota; 644
Linn Street, Holiday Park Tower, Cincinnati, Ohio; One
Independence Place, 4807 Rockside Road, Independence,
Ohio; 150 East Mound Street, Columbus, Ohio; 5335 Far
Hills Avenue, Dayton, Ohio; 19206 Eastex Highway, 108
TransAmerica Building, Humble, Texas; 8111 Gatehouse
Road, Falls Church, Virginia; 4326 Dale Boulevard, Woodbridge, Virginia; and 4 San Jose Drive, Newport News,
Virginia, servicing the entire United States, through
its subsidiary, Manufacturers Hanover Mortgage Corporation (11/19/81) 3/
Philadelphia
Lincoln National Company, Bala Cynwyd, Pennsylvania, notification of intent to engage in d £ novo activities (underwriting, as reinsurer, credit life and credit accident
and health insurance directly related to extensions of
credit by Applicant's subsidiary bank, Lincoln Bank) in
Phoenix, Arizona, the geographic area to be served is
Southeastern Pennsylvania, through its subsidiary, Lenders
Life Insurance Company (11/16/81) 3/
Richmond
Dominion Bankshares Corporation, Roanoke, Virginia, notification of intent to engage in de novo activities (mortgage banking activities of originating residential, commercial, industrial and construction loans for its own
account and for sale to others and servicing such loans
for others) in San Antonio, Texas, the service area will
be San Antonio, Texas, SMSA, which includes Bexar, Conrad
and Guadelupe Counties, through its subsidiary, Metropolitan Mortgage Fund, Inc. (11/19/81) 3/
5/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1981 No. 47
- 14 ACTIONS OF THE BOARD-Continued
Richmond
Suburban Bancorporation, Hyattsville, Maryland, notification of intent to engage in de novo activities (engaging
generally in the business of a mortgage banker and mortgage broker, for itself and others; engaging in the business
of servicing loans and other extensions of credit for
itself and others; and engaging in the business of
arranging financing, financial structuring and analysis
of real estate problems) at 120 Boylston Street, Boston,
Masachuset ts, serving the States of Alabama, Connecticut,
Delaware, Florida, Georgia, Maine, Maryland, Massachusetts,
New Hampshire, New Jersey, New York, North Carolina, Rhode
Island, South Carolina, Vermont and Virginia, through its
subsidiary, Suburban Mortgage Associates Incorporated
(11/19/81) 3/
Chicago
First Chicago Corporation, Chicago, Illinois, notification of intent to engage in de novo activities (engaging in performing or carrying on any one or more of
the functions or activities that may be performed or
carried on by a trust company including activities
of a fiduciary, agency or custodial nature) at Executive
Row Building, 2000 N.W. 24th Street, Boca Raton, Florida,
the geographic area to be served is Palm Beach and Broward
Counties and the entire State of Florida, through its
subsidiary, First Chicago Trust Company of Florida, N.A.,
Boca Raton, Florida (11/17/81) _3/
Kansas Ci vy
Farmers Enterprises, Inc., Albert, Kansas, notification of
intent to engage in ch?. novo activities (the sale of money
orders and travelers checks) in Great Bend, Kansas, the
geographic area to be served by this office includes the
towns of Great Bend, Albert, Olmitz and Pawnee Rock, all
in Western Barton County, Kansas (11/18/81) 3/
Dallas
Cullen/Frost Bankers, Inc., San Antonio, Texas, notification of intent to engage in cle novo activities (in the
underwriting of credit life insurance and credit accident
and health insurance which is directly related to extensions of credit by the Applicant or its subsidiaries) the
activities of the Company will be performed at the
Applicant's member bank offices; the Company will serve the
following cities and other as banks are acquired and a
larger geographical area consisting of that area in which
3/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2,
1981 No. 47
- 15 ACTIONS OF THE BOARD-Continued
customers of the member banks are located:
San Antonio,
Corpus Christ i, Houston, Dallas, Galveston, Sugar Land,
Laredo, and Austin, all located in Texas, through its
subsidiary, C/F Life Insurance Company (11/16/81) 3i
San
Francisco
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making or acquiring for its own account loans and other
extensions of credit such as would be made or acquired
by a finance company, servicing loans* a .id other extensions of credit, and offering credit related life insurance in the State of Massachusetts; credit related
accident and health insurance and credit related property insurance will not be offered in the State of
Massachusetts; such activities will include, but not
be limited to, making consumer installment loans; purchasing installment sales finance contracts; making
loans and other extensions of credit to small businesses;
making loans and other extensions of credit secured by
real and personal property; and offering credit related
life insurance directly related to extensions of credit
made or acquired by FinanceAmerica Corporation of
Massachusetts) at 1421 Westfield Street, West Springfield, Massachusetts, serving the entire State of
Massachusetts, through its indirect subsidiary, FinanceAmerica Corporation of Massachusetts (a
Massachusetts Corporation) (11/20/81) 3/
San
Francisco
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making loans and other extensions of credit and acquiring
loans, participations in loans and other extensions of
credit such as would be made or acquired by a finance
company; such activities will include, but not be limited
to, inventory and accounts receivable financing; lease
financing; equipment financing; insurance premium financing; making loans to non-affiliated finance and leasing companies secured by pledges of accounts receivable
of such companies; making loans secured by real or personal property; and purchasing retail installment sales
contracts; in addition, BA Commercial Corporation also
proposes to engage in the additional activities of
servicing loans, participations of loans and other extensions of credit for itself and others in connection
_3/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1981 No. 47
-16-"
ACTIONS OF THE BOARD-Continued
with extensions of credit made or acquired by BA Commercial
Corporation; credit related insurance of any type will not
be offered by BA Commercial Corporation in connection
with its lending activities) at 1621 Cedar Street
Boulevard, Allentown, Pennsylvania, serving all fifty
States and the District of Columbia, through its indirect
subsidiary, BA Commercial Corporation (a Pennsylvania
Corporation) (11/21/81) 3/
San
Franc isco
Francisco
3/
Security Pacific Corporation, Los Angeles, California, notification of intent to engage in de novo activities (making or acquiring for its own account or for the account of
others, asset based business loans and other commercial or
industrial loans and extensions of credit such as .vou 1 • ue
made by a factoring, rediscount or commercial finance c apany) at 1300 Quail Street, Suite 205, Newport Beach,
California, serving the United States, through its subsidiary, Security Pacific Finance Corp. (11/20/81) _3/
Sei Ion, Inc., Toledo. Ohio and Nevada National Bancorporation, Reno, Nevada, notification of intent to engage in
de novo activities (the financing of personal property
and equipment and leasing of such property or the acting
as an agent, broker or adviser in the leasing and/or
financing of such property where at the inception of the
initial lease the effect of the transaction (and, with
respect to governmental entities only, reasonably
anticipated future transactions) will yield a return that
will compensate the lessor for not less than the lessor's
full investment in the property over the term of the
lease, and the servicing of such financings and/or loans
as is authorized by the Federal Reserve Board under
Regulation Y and the Bank Holding Company Act; making or
acquiring for its own company or the account of others,
loans and other extensions of credit in the normal course
of its leasing business including the making of business
installment loans, the purchase of business installment
sales finance contracts and making loans to businesses
of various sizes) at Henderson Bank Building, 401 Railroad
Street, Elko, Nevada, serving Elko south to Tonopah,
Nevada and north to Jackpot, Nevada, it will also service
west to Wendover, Nevada and east to Fallon, Nevada, through
its subsidiary, National Leasing Company, Inc. (11/16/81) 3/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1981 No. 47
- 17 ACTIONS OF THE BOARD-Cont inued
San
Francisco
3?
Valley National Corporation, Phoenix, Arizona, notification of intent to engage in de novo activities (acting
as agent or broker for the sale of credit life, credit
accident and health insurance, property and casualty
insurance, mortgage life and disability insurance and
lendor 1 s single interest insurance in connection with
extensions of credit or other financial services offered
by its subsidiaries) in Phoenix, Arizona, serving the
State of Arizona and from an office in Albuquerque, New
Mexico, serving the State of New Mexico, through a subsidiary, Financial Services Insurance Agency, Inc.
(11/19/81) 3/
4(c)(8) notification processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
1
H.2, 1981 No. 47
— 18
-
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
9 of the Federal Reserve Act
to Section
San
Franc isco
First Interstate Bank of Utah, Salt Lake City, Utah. Branch
office in the vicinity of Main and Forest Streets, Central
Business District, Brigham City, Box Elder County, Utah.
2/
Kansas
First State Bank of Taos, Taos, New Mexico. To establish a
branch facility at Highway #75, Penasco, New Mexico. 2j
Richmond
Union Trust Company of Maryland, Baltimore, Maryland.
establish branches at the following locations:
To
737 Deepdene Road, Baltimore, Maryland 2/
11945 Reistetown Road, Baltimore County, Maryland 2j
960 Liberty Road, Baltimore County, Maryland 2/
6600 Baltimore National Pike, Baltimore County, Maryland 2/
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Cleveland
The FTB Fourth Bank, Mason, Ohio. 2j
* * * * *
To Merge Pursuant to Section 18(c) of the
Federal Deposit Insurance Act
Cleveland
2/
The FTB Fourth Bank, Mason, Ohio, requests permission to
merge with The First-Mason Bank, Mason, Ohio. 2/
Application subject to Community Reinvestment Act.
The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
:1.2, 19^1 Xo. W
-19
-
APPLICATIONS RECEIVSD-Continued
Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and
25(a) of the Federal Reserve Bank and Sections 4(c)(9)
and 4(c)(13) of the Bank Holding Company Act of 1956,
as amended
__
San
Francisco
California Pacific National Bank, Los Angeles, California:
application to accept commercial drafts in an aggregate
amount at any one time up to 100 percent of its capital
and surplus.
San
Francisco
Rainier International Bank, Los Angeles, California:
for
permission to retain the shares of Rainier Properties
(Hong Kong) Limited and Herbst Investment Limited.
*
* * * *
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Chicago
Michigan National Bank, Lansing, Michigan:
requests
consent to establish a branch in Nassau, Bahamas.
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Cleveland
Tri-State Financial Bancorp, Bryan, Ohio, for approval
to acquire 100 percent of the voting shares of First
National Bank Northwest Ohio, Bryan, Ohio. 27
Atlanta
American Bancshares, Inc., Cookeville, Tennessee, for
approval to acquire 80 percent of the voting shares of
American Bank and Trust, Cookeville, Tennessee. 2/
Atlanta
DeKalb Bancshares, Inc., Crossville, Alabama, for approval to acquire at least 80 percent of the voting
shares of The DeKalb Bank, Crossville, Alabama. 2/
2/
Application subject to Community Reinvestment Act.
The Community
Affairs Officer of the applicable Reseive Bank may be contacted
as to the length of the comment period.
I
H.2, 1981 No. 47
- 2 0 -
APPLICATIONS RECEIVED-Cont inued
Atlanta
Merchants Bancorporation, Hanceville, Alabama, for approval to acquire at least 80 percent of the voting
shares of Merchants Bank, Hanceville, Alabama. 2/
Atlanta
UNB Corporation, Fayetteville, Tennessee, for approval
to acquire 100 percent of the voting shares of Union
National Bank of Fayetteville, Fayettevilie, Tennessee.
2/
Chicago
Camp Grove Bancorp, Inc., Camp Grove, Illinois, for approval to acquire at least 80 percent of the voting
shares of Camp Grove State Bank, Camp Grove, Illinois.
2/
Chicago
First Morton Bancorp, Inc., Morton, Illinois, for approval
to acquire 80 percent of the voting shares of First
National Bank of Morton, Morton, Illinois. 2/
Chicago
First Union Bancorporation, Inc., Streator, Illinois, for
approval to acquire 100 percent of the voting shares (less
directors' qualifying shares) of the successor by merger
to The Union National Bank of Streator, Streator,
Illinois. 2/
Chicago
MANHATTAN BANCSHARES, INC., Manhattan, Illinois, for approval to acquire at least 80 percent of the voting
shares of The First National Bank of Manhattan, Manhattan,
Illinois. 2/
Chicago
West Shore Bank Corporation, Scottville, Michigan, for approval to acquire 100 percent of the voting shares of
State Savings Bank of Scottville, Scottville, Michigan. 2J
St. Louis
Brighton Bancshares, Inc., Branson, Missouri, for approval
to acquire at least 80 percent of the voting shares of
The First National Bank of Brighton, Brighton, Illinois.
U
St. Louis
2/
Financial Dominion of Kentucky Corporation, Radcliff, Kentucky,
for approval to acquire at least 80 percent of the voting
shares of The Bank of North Hardin, Radcliff, Kentucky.
2/
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
I
H.2,
1931 No. 47
- 21
APPLICATIONS RECEIVED-Cont inued
St. Louis
Sesser Bancorporation, Inc., Sesser, Illinois, for approval
to acquire 86.27 percent of the voting shares of Bank of
Sesser, Sesser, Illinois. 2/
Minneapolis
Big Lake Bancshares, Inc., Big Lake, Minnesota, for approval
to acquire at least 89.2 percent of the voting shares of
Citizens State Bank of Big Lake, Big Lake, Minnesota. 2/
Kansas City
Citadel Bancorporation, Colorado Springs, Colorado, for
approval to acquire at least 80 percent of the voting
shares of Citadel Bank, Colorado Springs, Colorado. 2/
Kansas City
Clearwater Home State Bancshares, Wichita, Kansas, for approval to acquire 80 percent of the voting shares of
Home State Bank of Clearwater, Clearwater, Kansas. 2/
Kansas City
Energy Banks, Casper, Wyoming, for approval to acquire
100 percent of the voting shares of Bank of Casper,
Casper, Wyoming. 2/
Dal 1 as
CBC, Inc. , Clovis, New Mexico, for approval to acquire 100
percent of the voting shares of The Citizens Bank of
Clovis, Clovis, New Mexico. 2/
Da I las
CSWI Bancshares, Inc., Dallas, Texas, for approval to
acquire 100 percent of the voting shares of Houston
Bancshares, Inc., Houston, Texas and indirectly acquire
Houston City Bank, Houston, Texas and North Side Bank,
Houston, Texas. 2/
Dal las
Valley Bancorp, Inc., El Paso, Texas, for approval to acquire
at least 80 percent of the voting shares of The Valley
Bank of El Paso, El Paso, Texas. 2/
San
Francisco
Yip Financial Investment, Ltd., Hong Kong, B.C.C.; Yip Bancorporation, N.V., Netherlands Antilles; Yip Bancorp, San
Francisco, California; and Chung Hwa Bancorp, San
Francisco, California, for approval to acquire 100 percent of the voting shares of Commercial Bank of San
Francisco, San Francisco, California. 2/
2/
Application subject to Community Reinvestment Act.
The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1981 No. 47
- 2 2 -
APPLICATIONS RECEIVED-Cont inued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
New York
The Chase Manhattan Corporation, New York, New York, for
approval to acquire 100 percent of the voting shares
(excluding directors' qualifying shares) of The Chase
Manhattan Bank (USA), National Association, Wilmington,
Delaware, a proposed new bank. 2/
Atlanta
Flagship Banks Inc., Miami, Florida, for approval to acquire
100 percent of the voting shares of Century Bank of Gainesville, Gainesville, Florida. 2/
At 1 ant a
Multi-Line, Inc., Tampa, Florida, for approval to acquire
an additional 10 percent of the voting shares of First
Florida Banks, Inc., Tampa, Florida. 2/
Minneapolis
Montana Bancsystem, Inc., Billings, Montana, for approval
to acquire at least 80 percent of the voting shares of
First Security Bank of Havre, Havre, Montana. 2/
Kansas City
Central Bancorporation, Inc., Denver, Colorado, Central
Colorado Company, Denver, Colorado and C.C.B., Inc.,
Denver, Colorado, for approval to acquire 100 percent
of the voting shares of First National Bank in Battlement Mesa, Battlement Mesa, Colorado, a proposed new bank.
2/
Kansas City
Commerce BancShares of Wyoming, Inc., Sheridan, Wyoming,
for approval to acquire at least 75 percent of the voting
shares of The First National Bank of Greybul1, Greybul1,
Wyoming. 2/
Dal las
Commerce Southwest Inc., Dallas, Texas, for approval to
acquire through Houston Bancshares, Inc., Dallas, Texas,
98.79 percent of the voting shares of Houston City Bank,
Houston, Texas and Houston North Side Bank, Houston,
Texas. 2J
Dal las
Southwest Bancshares, Inc., Houston, Texas, for approval
to acquire 100 percent of the voting shares (less directors' qualifying shares) of First Pasadena State
Bank, Pasadena, Texas and Republic State Bank, Houston,
Texas. 2/
2J
Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
I
H.2,
1981 No. 47
- 2 3 APPLICATIONS RECEIVED-Continued
Dallas
Southwest Bancshares, Inc., Houston, Texas, for approval
to acquire 100 percent of the voting shares of The
Mercantile National Bank of Corpus Christ i, Corpus
Christi, Texas. 2/
Da1ias
Southwest Bancshares, Inc., Houston, Texas, for approval
to acquire 100 percent of the voting shares of Preston
State Bank, Dallas, Texas. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston
First National Boston Corporation, Boston, Massachusetts,
notification of intent to engage in de novo activities
(activities that may be carried on by a trust company
including activities of an agency, custodial, fiduciary
or investment advisory nature) at the Sapela Building,
Island Office Park, Hilton Head, South Carolina, through
its subsidiary, Old Colony Trust Company of South Carolina
(11/20/81)
Boston
First National Boston Corporation, Boston, Massachusetts,
notification of intent to engage in de novo activities
(activities that may be carried on by a trust company
including activities of an agency, custodial, fiduciary
or investment advisory nature) at 201 North Federal
Highway, Deerfield Beach, Florida, through its subsidiary,
Old Colony Trust Company of Southeast Florida, N.A.
(11/16/81)
New York
Barclays Bank Limited and Barclays Bank International
Limited, both of London, England, request permission to
relocate an existing office engaging in the following
activities (commercial financing, i.e., making secured
loans to small and medium sized businesses) from 5200
West Kentucky Boulevard, Tampa, Florida to 10008 North
Dale Mabry Avenue, Tampa, Florida, through their subsidiary, Bare1aysAmerican/Business Credit, Inc. (11/19/81)
New York
Deutsche Bank AG, Frankfurt (Main), Federal Republic of
Germany, for approval to (1) acquire indirectly through
its subsidiary, Daimler-Benz AG, Stuttgart, Federal
Republic of Germany the 95.1 percent of the voting
stock that it presently does not own of Credit Acquisition
2j
Application subject to Community Reinvestment Act.
The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
1
H.2, 1981 No. 47
- 24 APPLICATIONS RECEIVED-Cont inued
Corporation and its wholly-owned subsidiary, Freightliner
Credit Corporation ("FCC"), both of Portland, Oregon and
(2) thereafter expand (a) the customer base of FCC to
include customers of all of Daimler's affiliates located
in the U.S. and (b) the activities of FCC.
New York
Horizon Bancorp, Morristown, New Jersey, requests permission
to establish de novo offices engaging in the following
activities (making or acquiring, for its own account or
for the account of others, loans and other extensions of
credit (including issuing letters of credit and accepting
drafts) such as would be made, for example, by a mortgage,
finance, credit card or factoring company; leasing personal
property or acting as broker or advisor in leasing such
property provided such leases meet the criteria of Section
225.4(a)(6) of Regulation Y; and servicing loans and other
extensions of credit for the account of others; typically,
the persons for whom such loans would be serviced are other
financial institutions) at 366 Thames Street, Newport, Rhode
Island; 29 W. Lloyd Street, Pensacola, Florida and 222
Severn Avenue, Annapolis, Maryland, through its subsidiary,
Horizon Creditcorp (11/19/81)
New York
Manufacturers Hanover Corporation, New York, New York,
requests permission to expand the service area of an
existing office (arranging, making or acquiring for its
own account or for the account of others, loans and other
extensions of credit such as would be made or acquired by
a mortgage company; servicing any such loans and other
extensions of credit for any person; acting as agent or
broker, through its subsidiary, CMC Insurance Agency,
Inc. for the sale of credit life insurance and credit
accident and health insurance relating to such loans
and other extensions of credit; the Newport News office
services customers in the cities of Newport News, Hampton,
Poquoson, Williamsburg and the counties of Gloucester, James
City, and York; the expanded service area would include Currituck
and Dare counties in North Carolina) at 4 San Jose Drive,
Newport News, Virginia, through its subsidiary, Manufacturers
Hanover Mortgage Corporation (11/17/81)
New York
Manufacturers Hanover Corporation, New York, New York, requests
permission to engage in the following activities (activities
of a fiduciary, investment advisory, agency or custodial
nature) at 100 North Biscayne Boulevard, Miami, Florida,
through its subsidiary, Manufacturers Hanover Trust Company
of Florida (11/20/81)
H.2, 1981 No. 47
25
APPLICATIONS RECEIVED-Continued
New York
National Westminster Bank Limited, London, England and
Natwest Holdings Inc., Wilmington, Delaware, request
permission to engage in the following activities (factoring of accounts receivable arising out of U.S. domestic
and international transactions; the acquisition from
other factors of receivables arising primarily from
international transactions; the financing of accounts
receivable and inventory by direct loans, guarantees
of letters of credit and issuing other guarantees;
unsecured loans primarily to factoring clients; and
the financing of equipment for clients through the
acquisition of conditional sales contracts and direct
leasing) the activities would be conducted from a
principal office in Bergen County, New Jersey and
a sales ofice in New York City, New York, serving clients
anywhere in the United States but primarily on the eastern
seaboard, through their subsidiary, Natwest Commercial
Services, Inc. (11/18/81)
Philadelphia
Fidelcor, Inc., Philadelphia, Pennsylvania, notification
of intent to engage in de novo activities (in the
specific business of commercial finance, factoring and
general lending) at Suite 3950 Mid-Continental Plaza,
55 East Monroe Street, Chicago, Illinois, through a
subsidiary, Trefoil Capital Corporation (11/20/81)
Philadelphia
Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in de novo
activities (the origination of FHA, VA and conventional
residential mortgage loans and second mortgage loans at
a proposed new office of Colonial Mortgage Service Company Associates, Inc.) serving primarily in the
municipality of Anchorage, Alaska, through its subsidiary, Colonial Mortgage Service Company Associates,
Inc. (11/20/81)
Philadelphia
Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in de novo
activities (the origination of FHA, VA and conventional
residential mortgage loans and second mortgage loans
at a proposed new office of Colonial Mortgage Service
Company Associates, Inc.) at 111 East Decatur, Decatur,
Macon County, Illinois, serving primarily in Macon
County, Illinois and adjoining counties, through its
subsidiary, Colonial Mortgage Service Company Associates,
Inc. (a Pennsylvania Corporation) (11/20/81)
I
47
-
26
-
APPLICATIONS RECEIVCD-Cont.inued
Pi t t sburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(mortgage banking, including the making or acquiring and
.servicing for its own accounts and or the accounts of
others, loans and other extensions of credit; also
acting as agent for non-affiliated insurance companies
in the sale or solicitation of orders for accident and
health insurance and mortgage redemption life insurance
on debtors in connection with mortgages made or serviced)
at 5547 Jackson Drive, La Mesa, California, through its
subsidiary, The Kissel1 Company (11/16/81)
Toledo Trustcorn, Inc., Toledo, Ohio, notification of ii'trnt
to enc zige in *Ie novo activities (providing inves LiueiU,
«M onomi c and f i nan ' a I ad v i ce L » i n.iivi dun 1 corporat i ons ,
and other entities) at 245 Summit Street, Toledo, Ohio,
through its subsidiary, Seagate Capital Management
Company (11/16/81)
Southern Bancorporation, Inc., Greenville, South Carolina,
notification of intent to engage in d_e novo activities
(making extensions of credit as a licensed consumer finane
lender) at 216 East 6th Street, Okmulgee, Oklahoma, throng
its subsidiary, World Acceptance Corporation (11/18/81)
First Union Bancorporation, St. Louis, Missouri, notification of intent to engage in de novo activities (leasing
of personal property for commercial or business use and
serving as agent, broker of advisor in the leasing of
real and/or personal property) at 510 Locust Street,
St. Louis, Missouri, serving Missouri, Arkansas,
Colorado, Illinois, Iowa, Kansas, Kentucky, Louisiana,
Nebraka, Tennessee and Texas, through a subsidiary,
Centerre Leasing Company (11/19/81)
Canadian Commercial Bank, Edmonton, Alberta, Canada and
CCB Bancorp, Inc., Los Angeles, California, notification
of intent to engage in dje novo activities (making, acquiring and servicing for its own account of others, loans
and other extensions of credit; purchasing conditional
installment sales finance contracts; and leasing real
and personal property where such leases would serve as
the functional equivalent of extensions of credit) at
Suite 1050, 1901 Avenue of the Stars, Los Angeles,
California, serving the entire United States, through
their subsidiary, CCB Commercial Finance Corporation
(11/17/81)
H.2,
No. 47
- 2 7 APPLICATIONS RECEIVED-Contiriued
San
Francisco
Canadian Commercial Bank, Edmonton, Alberta, Canada and
CCB Bancorp, Inc., Los Angeles, California, notification
of intent to engage in de novo activities (making, acquiring, advising and servicing, for the account of CCBRSC
and for the account of others, real estate loans and other
extensions of credit; leasing real property where such
!eases would serve as the functional equivalent of extensions of credit; and performing real estate appraisal
services; and, through CCBRSC's wholly-owned subsidiary,
CCB Realty Advisory Services Corporation in the activity
of acting as advisor to a real estate investment trust,
or a corporation serving the functionally equivalent
purpose as a REIT and other investors) at Suite 1050,
1901 Avenue of the Stars, Los Angeles, California, serving
the entire United States, through its subisdiary, CCB
Realty Services Corporation (11/18/81)
San
Francisco
First Bancorporation, Salt Lake City, Utah, notification of
intent to engage in de novo activities (leasing and insurance activities; leasing activities will include, but not
be limited to, leasing personal property and acting as a
broker in leasing such property in accordance with the
Board's Regulation Y; insurance activities will include,
acting as an agent for the sale of life, accident and
health, disability, and property insurance directly related to its extensions of credit) in Salt Lake City,
Utah, serving the states of Utah, Idaho, Nevada, Wyoming,
Montana, Colorado, Arizona, Washington, Oregon and New
Mexico, through its subsidiary, Foothill Leasing
(11/16/81)
San
Francisco
First Interstate Bancorp, Los Angeles, California, not if ication of intent to engage in de novo activities (making
or acquiring loans and other extensions of credit such as
commercial loans secured by a borrower's inventory, accounts receivable, or other assets and servicing loans)
in Portland, Oregon and Denver, Colorado, serving California, Oregon, Washington, Idaho, Utah, Montana, New
Mexico, Arizona, Colorado, Wyoming, Nevada, Illinois,
and Texas, through its subsidiary, First Interstate
Commerical Corporation (11/19/81)
San
Francisco
Imperial Bancorp, Inglewood, California, notification of
intent to engage in de novo activities (making or acquiring, for its own account or for the account of others,
loans and other extensions of credit and servicing loans
and other extensions of credit for any person; in addition,
H.3, I4H1 No. ^7
- 28 APPLICATIONS RECEIVED-Cont inued
Applicant proposes to engage de novo through a subsidiary , Imperial Thrift and Loan Association, in the
activities of an Industrial Loan Company pursuant to
the laws of California as well as offer credit life
and disability insurance in connection with such
activity; both IPX and ITL will operate throughout
California) these businesses were previously commenced
de novo and are currently being performed as subsidiaries of Imperial Bank, a California bank and a subsidiary of Applicant each having headquarters at 9920
South La Cienega Boulevard, Inglewood, California,
serving Beverly Hills; San Jose; Tustin; Panorama City;
Fresno; Sacramento; San Diego; Covina; Fullerton;
Hayward; and Stockton, all in California, through its
subsidiary, Imperial Plan, Inc. (11/16/81)
San
Franc isco
Security Pacific Corporation, Los Angeles, California, notification of intent to engage in dje novo activities
(making or acquiring for its own account or fur the
account of others, asset based business loans and other
commercial or industrial loans and extensions of credit
such as would be made by a factoring, rediscount or
commercial finance company) at West Plaza, 95 S. Market
Street, San Jose, California, through its subsidiary,
Security Pacific Finance Corp. (11/17/81)
San
Francisco
Security Pacific Corporation, Los Angeles, California, notification of intent to engage in de novo activities (the
origination and acquisition of mortgage loans including
development and construction loans on multi-family and
commercial properties for Security Pacific Mortgage
Corporation's own account or for sale to others; the
servicing of such loans for others; and acting as broker
or agent for the sale of credit related life, accident
and health insurance) at 2256 South Mountain Avenue,
Ontario, California, serving the State of California,
through its subsidiary, Security Pacific Mortgage Corporation (11/16/81)
San
Franc isco
Security Pacific Corporation, Los Angeles, California, notification of intent to engage in de novo activities (servicing loans and other extensions of credit) at 10089
Willor Creek Road, San Diego, California, serving the
United States, through its subsidiary, Security Pacific
Finance Corp. (11/17/31)
H.2, 1981 No. 47
29
APPLICATIONS RECEIVED-Continued
REPORTS RECEIVED
Tender Offer Statement Filed Pursuant to Section
14(d) of the Securities Exchange Act
United Counties Trust Company, Elizabeth, New Jersey
(Amendment #1)
*
* * * *
PETITIONS FOR RULEMAKING
None.
@FedFRASER