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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H. 2, 1985 No. 47
Actions of the Board
Applications and Reports Received
During the W e e k Ending November 23,
1985
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Issuance of proposals for comment,
including an amendment to
Regulation J (Collection of Checks
and Other Items and Wire Transfer
of F u n d s ) , to reduce float
generated because of local holiday
schedules, comment requested by
January 2, 1986 (R-0558).
Report on financial results of
Federal Reserve priced services
operations for the quarter ending
September 30, 1985.
Stephen H. Axilrod , testimony
before the Subcommittee on Economic
Stabilization of the House
Committee on Banking, Finance and
Urban Affairs to clarify the
technical aspects of possible
discount window lending by the
Federal Reserve to the Farm Credit
System, as well as agricultural
banks.
Boston
Capitol Bank and Trust Company,
Boston, Massachusetts, proposed
purchase of the assets and
assumption of the deposit
liabilities of Community
Co-operative Bank, Medford,
Massachusetts — report to the
Federal Deposit Insurance
H.2, 1985 No. 47
2
ACTIONS OF THE BOARD - Continued
Corporation on competitive f a c t o r s .
1/
Boston
Indian Head Banks Inc., Nashua, New
Hampshire — extension of time to
December 23, 1985, within which to
acquire Dartmouth National
Corporation, Hanover, New
Hampshire, and indirectly Dartmouth
National Bank. 1/
Boston
Indian Head Banks Inc., Nashua, New
Hampshire — extension of time to
January 28, 1986, within which to
commence engaging in mortgage
servicing activities through Indian
Head Mortgage Servicing. 1/
N ew York
Great Neck Bancorp, Great Neck, N e w
York — extension of time to
February 1 4 , 1 9 8 6 , within which to
become a bank holding c o m p a n y
through acquisition of Bank of
Great Neck, and for Bank of Great
Neck to become a member of the
Federal Reserve System. 1 /
Richmond
Century Bancshares, Inc.,
Washington, D. C. — extension of
time to February 28, 1986, within
which to become a bank holding
company through the acquisition of
Century National Bank, Washington,
D.C. 1/
Atlanta
University State Bank Corporation,
Tampa, Florida — extension of time
to February 1, 1986, within which
to become a bank holding company
through acquisition of University
State Bank. 1/
Atlanta
First National Bank of Waynesboro,
Georgia, proposed merger with
Interim National Bank of Waynesboro
— report to the Comptroller of the
Currency on competitive factors. 1/
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of
G o v e r n o r s u n d e r d e l e g a t e d authority.
H . 2 , 1985 N o. 47
3
ACTIONS OF THE BOARD - Continued
Atlanta
Citizens State Bank, South
Pittsburg, Tennessee, proposed
merger with Interim State Bank of
South Pittsburgh -- report to the
Federal Deposit Insurance
Corporation on competitive factors.
1/
Atlanta
First Polk Bancshares, Inc.,
Cedartown, Georgia — extension of
time to February 26, 1986, within
which to become a bank holding
company through the acquisition of
First. National Bank of Polk County.
1/
Atlanta
Citizens Bancorp of Lawrence,
Moulton, Alabama — extension of
time to February 19, 1986, within
which to become a bank holding
company through the acquisition of
The Citizens Bank. 1/
Atlanta
First Banccrossville, Inc.,
Crossville, Tennessee — extension
of time to February 24, 1986,
within which to become a bank
holding company through the
acquisition of the First National
Bank of Crossville, Inc. 1/
Chicago
Marine Bank De Pere, De Pere,
Wisconsin (formerly Firstar Bank of
De P e r e ) , proposed merger with
Peoples Marine Bank of Green Bay,
Wisconsin — report to the Federal
Deposit Insurance Corporation on
competitive factors. 1/
Chicago
First National Bank, Iowa City,
Iowa, proposed merger with First
Capitol National Bank — report to
the Comptroller of the Currency on
competitive factors. 1/
Chicago
Second National Bank in
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Boa r d of
G o v e r n o r s und e r d e l e g a t e d authority.
H.2, 1985 No. 47
4
ACTIONS OF THE BOARD - Continued
Taylorville, Taylorville, Illinois,
proposed merger with First National
Bank in Taylorville, under the
charter of Second National Bank in
Taylorville and title of First
National Bank in Taylorville —
report to the Comptroller of the
Currency on competitive factors. 1/
Chicago
CNB Corporation, Cheboygan,
Michigan — extension of time to
February 7, 1986, 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
National Bank of Cheboygan. 1/
Chicago
Blue Water Bancshares, Inc., Port
Huron, Michigan — extension of
time to February 17, 1986, within
which to become a bank holding
company through the acquisition of
80.4 percent of the voting shares
of Peoples Bank of Port Huron. 1/
Chicago
Salem Financial Corporation,
Goshen, Indiana — extension of
time to December 18, 1986, within
which to form a wholly-owned
subsidiary, Credit Life Insurance
Company, Phoenix, Arizona, which
will engage de novo in the business
of underwriting certain kinds of
insurance in the United States. 1/
Chicago
Central Wisconsin Bankshares, Inc.,
Wausau, Wisconsin — extension of
time to January 31, 1986, within
which to acquire 80 percent or more
of the voting shares of Central
National Bank of Wausau. 1/
St. Louis
Hunt & Howell Bancshares, Inc.,
Fayettville, Arkansas — extension
of time to February 27, 1986,
within which to become a bank
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of
G o v e r n o r s u n d e r d e l e g a t e d authority.
H.2, 1985 No. 47
5
ACTIONS OF THE BOARD - Continued
holding companjr through the
acquisition of First National Bank
of Favettville. 1/
St. Louis
National Commerce B a n c o r p o r a t i o n ,
Memphis, Tennessee — extension of
time to February 12, 1986, within
which to acauire Knoxville Bank &
Trust, Knoxville, Tennessee. 1/
St. Louis
General Bancshares Corporation, St.
Louis, Missouri — extension of
time to January S, 1986, within
which to acquire 100 percent of the
voting shares of The Hillsboro
National Bank, Hillsboro, Illinois,
through the merger of its parent,
HNB Bancorp, Inc., Hillsboro,
Illinois, into General Bancshares
Corporation of Illinois,
Belleville, Illinois. 1/
St. Louis
Oblong Bancshares, Inc., Oblong,
Illinois — extension of time to
February 17, 1986, within which to
become a bank holding company
through the acquisition of The
First National Bank of Oblong. 1/
Kansas City
United Bank of Westminster,
Westminster, Colorado, a proposed
new bank — extension of time to
March 23, 1986, to accomplish
membership in the Federal Reserve
System. If
Dallas
Carlsbad Ba n c o r p o r t i o n ,
Carlsbad, New Mexico —
of time to February 13,
within which to acquire
Carlsbad National Bank.
Dallas
Crown Bancshares, Inc., San
Antonio, Texas — extension of time
to February 21, 1986, within which
to acquire Crown Bank, N.A. 1/
Inc.,
extension
1986,
The
1/
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of
Governors u n d e r d e l e g a t e d authority.
H.2, 1985 No. 47
6
ACTIONS OF THE BOARD - Continued
Dallas
National Bank of Commerce of
Brownsville, Brownsville, Texas,
proposed merger with N ew National
Bank of Commerce of Brownsville —
report to the Comptroller of the
Currency on competitive factors. 1/
Dallas
Interfirst Bank West Beaumont,
N.A., Beaumont, Texas, proposed
merger with Interfirst Bank
Beaumont — report to the Federal
Deposit Insurance Corporation on
competitive factors. 1/
Dallas
N e w Guaranty Bank, Austin, Texas,
proposed merger with Guaranty
National Bank — report to the
Comptroller of the Currency on
competitive factors. 1/
Dallas
RepublicBank Richardson,
Richardson, Texas, proposed merger
with Richardson Bank & Trust —
report to the Federal Deposit
Insurance Corporation on
competitive factors. 1/
Dallas
Texas First Financial Corporation,
Dallas, Texas — denied extension
of time to acquire Dallas
International Bank. 1/
Dallas
Laredo Bankcorp, I n c . , Zapata,
Texas — extension of time to
February 13, 1986, within which to
acquire Falcon National Bank,
Laredo, Texas. 1/
Dallas
North Central Bancshares, Inc.,
Iowa Park, Texas — extension of
time to March 5, 1986, within which
to acquire Windthorst National
Bank, Windthorst, Texas. 1/
Dallas
USA Bancshares, Inc., Dallas, Texas
— extension of time to January 3,
1986, within which to acquire Anna
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of
G o v e r n o r s u n d e r d e l e g a t e d authority.
E.2, 1985 No. 47
7
ACTIONS OF THE BOARD - Continued
Bancshares, Inc., Anna, and
indirectly The First National Bank
of Anna, Howe. Financial
Corporation, and indirectly Howe
State Bank, Howe; and Plano East
National Bank, Plano, Texas. 1/
San Francisco
U.S. Bancorp, Portland, Oregon —
extension of time to February 24,
1986, within which to engage in the
sale of U.S. savings bonds. 1/
San Francisco
Tumwater State Bank, Tumwater,
Washington, proposed merger with
Western Community Bank, N.A.,
Tacoma, Washington, under the
charter of the former and the title
of Western Community Bank — report
to the Federal Deposit Insurance
Corporation on competitive factors.
San Francisco
Southern California Bank, Downey,
California, proposed acquisition of
assets and assumption of deposit
liabilities of the Huntington Beach
office of Garfield Bank,
Montebello, California — report to
the Federal Deposit Insurance
Corporation on competitive factors.
/
1
San Francisco
United States Bank, Mutual, Salem,
Oregon, proposed assumption of
deposit liabilities of two Salem,
Oregon, branches of Pacific Western
Bank, Portland, Oregon — report to
the Federal Deposit Insurance
Corporation on competitive factors.
1/
*
*
*
*
*
To Establish a Domestic Branch
Pursuant to
Section 9 of the Federal Reserve Act
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of
Gover n o r s u n d e r d e l e g a t e d authority.
H.2, 1985 No. 47
8
ACTIONS OF THE BOARD - Continued
Approved
Cleveland
Lorain County Bank, Elyria, Ohio,
— to establish a branch at 630
East River Street, Elyria, Ohio. 1/
(11/21/85)
Richmond
First Virginia Bank, Falls Church,
Virginia — to establish a branch
at 14500 Smoketown Road,
Woodbridge, Virginia 1/ (11/21/85)
Chicago
American Trust & Savings Bank,
Dubuque, Iowa — to establish an
automated teller machine at Dubuque
Target Store, 3500 Dodge Street,
Dubuque, Iowa. 1/
(11/18/85)
Chicago
Comerica Bank - D e t r o i t , Detroit,
Michigan — to establish an
automatic teller machine at
Lakeside Mall, Management Office,
14000 Lakeside Circle, Sterling
Heights, Michigan.
1/ (11/19/85)
Chicago
Comerica Bank-Detroit, Detroit,
Michigan — to establish an
automated teller machine at
Fairland Town Center, Management
Office, Dearborn, Michigan. 1/
(11/19/85)
Chicago
Comerica Bank-Detroit, Detroit,
Michigan — to establish an
automated teller machine at Twelve
Oakes Mall, Management Office,
27500 Novi Road, Novi, Michigan. 1/
(11/19/85)
San Francisco
Simi Valley Bank, Simi Valley,
California — to establish a branch
in the vicinity of High Street and
Moorpark Road, Unincorporated
Community of Moorpark, City of
Ventura, California. 1/ (11/22/85)
* * * * *
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of
Gover n o r s und e r d e l e g a t e d authority.
H.2,
1985 No.
9
47
ACTIONS OF THE BOARD - Continued
Issued Intent Not to Disapprove
Change of Control Pursuant to Change
in Bank Control Act of 1978
Not Disapproved
Minneapolis
Kansas City
Dallas
Northern Plains Rancshares, Inc.,
Fargo, North Dakota. 1/ (11/21/85)
Packers Management Company, Inc.
Lincoln, Nebraska. 1/ (11/21/85)
FSB Bankshares,
1/ (11/22/85)
Inc., Waco, Texas.
* * * * *
To Become a Member of The Federal
Reserve System
Pursuant to Section 9 of the Federal
Reserve Act
Approved
Cleveland
C.S. Bank,
(11/22/85)
Silverton, Ohio.
1/
* * * * *
To Merge Pursuant to Section
18(c) of The
Federal Deposit Insurance Act
Approved
Cleveland
C.S. Bank, Silverton, Ohio, to
merge with Citizens Bank,
Silverton, Ohio. 1/
* * * * *
Applications and Notifications for
International Investments and
Other Actions Pursuant to Sections
25 and 25(a) of the Federal Reserve
Act and Sections 4(c)(9) 4 ( c ) (13) and
4 ( c ) (13) of the Bank Holding
Company A ct of 1956, as amended
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f o f the B o a r d of
G o v e rnors u n d e r d e l e g a t e d authority.
H.2, 1985 No. 47
10
ACTIONS OF THE BOARD - Continued
Approved
San Francisco
Security Pacific Corporation, Los
Angeles, California — grants
consent to underwrite in the United
Kingdom life insurance, credit loss
of income insurance, and savings
completion insurance through its de
novo indirect subsidiaries,
Security Life Assurance Company
Limited and Security General
Insurance Company Limited.
11/20/85
>rty-five D ay Notification Period
Waived
N ew York
Republic National Bank of N e w York,
N e w York — no objection to make an
additional investment in Republic
National Bank of N e w York (Guernsey
Ltd.) Guernsey, Channel Islands.
* * * * *
To F o r m a Bank Holding Company
Pursuant to Section
3 ( a ) (1) of the Bank Holding Company
A ct of 1956
Withdrawn
Dallas
First Caprock Bancsha r e s , I n c . ,
Claude, Texas —
for approval to
acquire at least 80 percent of the
voting shares of The First National
Bank of Claude, Claude, Texas.
11/26/85
Returned
Kansas City
American Southwest Corporation,
Midwest City, Oklahoma —
for
approval to acquire 100 percent of
the voting common shares and 100
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of
G o v e r n o r s u n d e r d e l e g a t e d authority.
H.2,
1985 No.
47
11
ACTIONS OF THE BOARD - Continued
percent of the non-voting preferred
shares of National Bancshares,
Inc., Oklahoma City, Oklahoma which
owns 80 percent of American
National Bancshares, Inc., Midwest
City, Oklahoma and indirectly
acquire American National Bank of
Midwest City, Midwest City,
Oklahoma, and to acquire 100
percent of the voting shares of
Mercantile Bank, N.A., Moore,
Oklahoma. 11/26/85
San Francisco
Mesa Holdings, Ltd., Mesa, Arizona
—
for approval to acquire 93.9
percent of the voting shares of
Mesa Bank, Mesa, Arizona. 11/18/85
Approved
Boston
BNE Holding C o m p a n y , Boston,
Massachusetts —
for approval to
acquire 100 percent of the voting
shares of Maine National
Corporation, Portland, Maine, and
indirectly Maine National Bank,
Portland, Maine. 11/18/85
Richmond
FMB of South Carolina Bancshares,
Incorporated, Holly Hill, South
Carolina —
for approval to acquire
100 percent of the voting shares of
the successor by merger to Farmers
& Merchants Bank of South Carolina,
Holly Hill, South Carolina. 1/
11/19/85
Chicago
Citizens Bankshares, Inc., Shawano,
Wisconsin —
for approval to
acquire 100 percent of the voting
shares of the successor by merger
to Citizens State Bank, Shawano,
Wisconsin. 1/ 11/22/85
Chicago
CWB Holdings-Onalaska, Inc.,
Wausau, Wisconsin —
for approval
to acquire 100 percent of the
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of
G o v e r n o r s u n d e r d e l e g a t e d authority.
H.2,
1985 No.
47
12
ACTIONS OF THE BOAED - Continued
voting shares of Onalaska Holding
Company, Inc., Onalaska, Wisconsin
and indirectly Bank of Onalaska,
Onalaska, Wisconsin. 1/ 11/22/85
Chicago
First Financial Bancorporation,
Iowa City, Iowa —
for approval to
acquire 100 percent of the voting
shares of the successor to
consolidation of First National
Bank, Iowa City, Iowa, Iowa City,
Iowa. 1/ 11/22/85
Chicago
F.W.S.F. Corporation, Milwaukee,
Wisconsin, —
for approval to
acquire Security Financial
Services, Inc., Sheboygan,
Wisconsin, and thereby indirectly
acquire Security First National
Bank of Sheboygan, Sheboygan,
Wisconsin; South West State Bank,
Sheboygan, Wisconsin;
Farmers-Merchants National Bank in
Princeton, Princeton, Wisconsin;
Eldorado State Bank, Eldorado,
Wisconsin; Security Bank, Menasha,
Wisconsin; and Manitowoc County
Bank, Manitowoc, Wisconsin.
11/20/85
Chicago
Geneva Bancshares, Inc., Geneva,
Illinois — for approval to acquire
100 percent of the voting shares of
The State Bank of Geneva, Geneva,
Illinois. 1/ 11/22/85
Minneapolis
C & L Investment Company, Inc.,
Miller, South Dakota —
for
approval to acquire 81.1 percent of
the voting shares of Hand County
State Bank, Miller, South Dakota.
1/ 11/22/85
Minneapolis
Freedom Bancorporation, Inc.,
Lindstrom, Minnesota —
for
approval to acquire 100 percent of
the voting shares of Security State
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of
G o v e r n o r s u n d e r d e l e g a t e d authority.
H.2,
1985 No.
47
13
ACTIONS OF THE BOARD
- Continued
Holding Company, I.indstrom,
Minnesota, and indirectly Security
State Bank of Lindstrom, Lindstrom,
Minnesota. 1/
11/22/85
Minneapolis
Ridgedale Financial Services, Inc.,
Minnetonka, Minnesota -- for
approval to acquire 100 percent of
the voting shares of Ridgedale
State Bank, Minnetonka, Minnesota.
1/ 11/22/85
Kansas City
Decatur Investment, Inc., Oberlin,
Kansas —
for approval to acquire
100 percent of the voting shares of
The Bank of Oberlin, Oberlin,
Kansas. 1/ 11/21/85
Kansas City
Regency Ba n c o r p o r t i o n , Pueblo,
Colorado —
for approval to acquire
96.7 percent of the voting shares
of Pueblo Boulevard Bank, Pueblo,
Colorado. 1/ 11/21/85
Dallas
Banowell Financial Corporation,
Wells, Texas —
for approval to
acquire 100 percent of the voting
shares of Bank of East Texas,
Chester, Texas, a proposed new
bank. 1/ 11/22/85
Dallas
Granger Bancshares, Inc., Granger,
Texas —
for approval to acquire
100 percent of the voting shares of
The Granger National Bank, Granger,
Texas. 1/ 11/28/85
* * * * *
To Expand a Bank Holding Company
Pursuant to Section
3 ( a ) (3) o f t h e B a n k H o l d i n g C o m p a n y
A c t o f 1956
1/ A p p l i c a t i o n p r o c e s s e d on b e half of the Board of
Gover n o r s u n d e r d e l e q a t e d authority.
H.2,
1985 No.
47
14
ACTIONS OF THE BOAED - Continued
Returned
Kansas City
United Community Corporation,
Oklahoma City, Oklahoma —
for
approval to acquire 11.44 percent
of the voting shares of Liberty
State Bancshares, Inc., Tahlequah,
Oklahoma, and indirectly acquire
The Liberty State Bank of Tahlequah
Oklahoma, Tahlequah, Oklahoma.
11/27/85
Approved
Boston
First NH Banks, Inc., Manchester,
N ew Hampshire —
for approval to
acquire 100 percent of the voting
shares of The North Country Bank,
Berlin, N ew Hampshire. 1/ 11/22/85
Boston
Bank of New England Corporation,
Boston, Massachusetts —
for
approval to acquire 100 percent of
the voting shares of Maine National
Corporation, Portland, Maine and
indirectly Maine National Bank
Portland, Maine. 11/18/85
Boston
Shawmut Corporation, Boston,
Massachusetts —
for approval to
acquire 100 percent of the voting
shares of Shawmut Quincy Bank and
Trust Company, Boston,
Massachusetts, a proposed new bank.
11/18/85
Philadelphia
CCNB Corporation, Gettysburg,
Pennsylvania —
for approval to
acquire at least 15.98 percent of
the voting shares of Gettysburg
National Bank, Gettysburg,
Pennsylvania. 1/ 11/18/85
Cleveland
Banc One Corporation, Columbus,
Ohio —
for approval to acquire 100
percent of the voting shares of
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Boa r d of
G o v e r n o r s und e r d e l e g a t e d authority.
H.2,
1985 No.
47
15
ACTIONS OF THE BOARD - Continued
First-Union Bank, N.A., Bellaire,
Ohio. 1/ 11/21/85
Atlanta
B.P.C. Corporation, Cookeville,
Tennessee —
for approval to
acquire 51 percent of the voting
shares of Cumberland County Bank,
Crossville, Tennessee. 1/ 11/8/85
Atlanta
First Alabama Bancschares, Inc.,
Montgomery, Alabama —
for approval
to acquire 100 percent of the
voting shares of Shelby State Bank,
Pelham, Alabama. 1/ 11/19/85
Chicago
Central Wisconsin Bankshares, Inc.,
Wausau, Wisconsin —
for approval
to acquire 100 percent of the
voting shares of Onalaska Holding
Company, Inc., Onalaska, Wisconsin,
and indirectly Bank of Onalaska,
Onalaska, Wisconsin. 1/ 11/22/85
Chicago
First Wisconsin Corporation.
Milwaukee, Wisconsin —
for
approval to acquire 100 percent of
the voting shares of the successor
by merger to Cedarburg State Bank,
Cedarburg, Wisconsin. 1/ 11/22/85
Chicago
First Wisconsin Corporation,
Milwaukee, Wisconsin -- for
approval to acquire 100 percent of
the voting shares of the successor
by merger to Island City Bancorp,
Inc., Minocqua, Wisconsin, and
indirectly Security State Bank of
Minocqua, Minocqua, Wisconsin. 1/
11/22/85
Chicago
First Wisconsin Corporation,
Milwaukee, Wisconsin — approval to
acquire 100 percent of the voting
shares of Security Financial
Services, Inc., Sheboygan,
Wisconsin, and indirectly Security
First National Bank of Sheboygan,
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Boa r d of
G o v e r n o r s u n d e r d e l e g a t e d authority.
H.2,
1985 No.
47
16
ACTIONS OF THE BOARD - Continued
Sheboygan, Wisconsin; South West
State Bank, Sheboygan, Wisconsin;
Farmers-Merchants National Bank in
Princeton, Princeton, Wisconsin;
Eldorado State Bank, Eldorado,
Wisconsin; Security Bank, Menasha,
Wisconsin; and Manitowoc County
Bank, Manitowoc, Wisconsin.
11/20/85
Chicago
Lincoln Financial Corporation, Fort
Wayne, Indiana —
for approval to
acquire 100 percent of the voting
shares of CS BANCORP, Huntington,
Indiana and indirectly Community
State Bank in Huntington,
Huntington, Indiana. 1/ 11/21/85
Kansas City
Financial Bancshares, Inc.,
LaVista, Nebraska —
for approval
to acquire 100 percent of the
voting shares of Bank of Nebraska
in Omaha, Omaha, Nebraska, a
proposed new bank. 1/ 11/22/85
Kansas City
United Missouri Bancshares, Inc.,
Kansas City, Missouri — for
approval to acquire 100 percent of
the voting shares of United
Missouri Bank of Clarksdale,
Clarksdale, Missouri, a proposed
new bank. 1/ 11/21/85
Dallas
Alice Bancshares, Inc., Alice,
Texas —
for approval to acquire
100 percent of the voting shares of
The First State Bank, Premont,
/Texas. 1/
11/22/85
Dallas
Hull State Bancshares, Inc., Hull,
Texas —
for approval to acquire
100 percent of the voting shares of
Bank,of the Trinity, N . A . , Liberty,
Texas, a proposed new bank. 1/
11/22/85
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d of
G o v e rnors und e r d e l e g a t e d authority.
H.2,
1985 No.
47
17
ACTIONS OF THE BOARD - Continued
* * * * *
To Expand a Bank Holding Company
P u r s u a n t to S e c t i o n 3(a)(5) o f
the Bank Holding Com p a n y Ac t
o f 1956
Approved
Atlanta
Williamson County Bancorp., Inc.,
Franklin, Tennessee —
for approval
to merge with Planters Financial
Corporation, Hopkinsville,
Kentucky, and indirectly acquire
Planters Bank & Trust Company,
Hopkinsville, Kentucky. 1/
11/22/85
St. Louis
Old National Bancorp, Evansville,
Indiana — for approval to merge
with Greencastle Bancorp, Inc.,
Greencastle, Indiana, and
indirectly acquire First Citizens
Bank and Trust Company,
Greencastle, Indiana. 1/
11/21/85
* * * * *
To Expand a Bank Holding Company
Pursuant to Section
4 ( c ) (8) o f t h e B a n k H o l d i n g C o m p a n y
Withdrawn
Richmond
Washington Bancorporation,
Washington, D. C. — to engage de
novo (making acquiring and/or
servicing loans for itself or for
others of the type made by a
mortgage company; performing real
estate appraisals through its
subsidiary Washington Mortgage
Group, Washington, D. C.
The
activities would be conducted
nationwide. 11/19/85
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Bo a r d of
G o v e r n o r s u n d e r delegated authority.
H.2,
1985 No.
47
18
ACTIONS OP THE BOARD - Continued
San Francisco
Centennial Beneficial Corporation,
Orange, California — to engage in
the following nonbank activities,
to expand the geographic scope of
mortgage lending activities
conducted by its wholly-owned
subsidiary, Centennial Beneficial
Mortgage Company, to engage de novo
in personal property leasing and
acting as agent, broker, or advisor
in connection with such leasing in
the United States through a
wholly-owned subsidiary, Centennial
Leasing Company; to act as general
partner of Centennial Mortgage
Income Fund II, a California
limited partnership to be organized
by Applicant to invest in
commercial, industrial and
residential income-producing real
property in the United States
through mortgage instruments.
11/19/85
Returned
Chicago
Northern Trust Corporation,
Chicago, Illinois —
for approval
to execute futures contract on
stock indexes and options of such
futures contract and to provide
futures advisory services to its
customers through its wholly-owned
subsidiary Northern Futures
Corporation, Chicago, Illinois.
Dallas
Benson Investment Company, San
Antonio, Texas — to engage de novo
(underwriting credit life and
disability insurance on consumer
loans) through the acquisition of
Bancshares Life Insurance Company,
Phoenix, Arizona. 11/21/85
Approved
Cleveland
Mellon Bank Corporation,
1/ A p p l i c a t i o n p r o c e s s e d on beha l f of the B o a r d of
G o v e r n o r s u n d e r d e l e g a t e d authority.
H.2,
1985 No.
47
19
ACTIONS OP THE BOARD - Continued
Pittsburgh, Pennsylvania —
for
approval to acquire Fidata Services
Incorporated, Pittsburgh,
Pennsylvania. 1/ 11/18/85
Richmond
Maryland National Corporation,
Baltimore, Maryland — to acquire
Firstmark Arvada Industrial Bank,
Arvada, Colorado, and Firstmark
Cherry Creek Industrial Bank,
Denver, Colorado and engage in the
industrial banking business
including the making of loans and
the issuance of thrift and passbook
accounts. 1/ 11/18/85
Minneapolis
Forest Lake Finance Company, Forest
Lake, Minnesota —
for approval to
acquire the assets of the Coy
Insurance Agency, Forest Lake,
Minnesota. 1/ li/19/85
1/ Applicati >n p r o c e s s e d on b e h a l f of the B o a r d of
Governors u n d e r d e l e g a t e d authority.
H.2,
1985 No.
47
20
ACTIONS OF THE BOARD - Continued
Permitted
Richmond
Potomac Bancorp, Inc., Keyser, West
Virginia — to engage de novo
(providing to others financially
related data processing and data
transmission services, facilities,
and data bases; or access to them)
through its subsidiary, Eastern
Servicecenter, I n c . , Keyser, West
Virginia.
The activity would be
conducted in Maryland and West
Virginia. 3/ (11/23/85)
Atlanta
First Commerce Corporation, New
Orleans, Louisiana — to engage de
novo (discount securities brokerage
activities including certain
securities credit and incidental
activities) through its subsidiary,
First Commerce Investment
Securities, Inc., N ew Orleans,
Louisiana. 3/ (11/23/85)
Chicago
Comerica Incorporated, Detroit,
Michigan — to engage de novo
(discount securities brokerage
activities including certain
securities credit and incidental
activities) through a proposed new
subsidiary, Comerica Brokers, Inc.,
Detroit, Michigan.
3/ (11/20/85)
Chicago
NBD Bancorp, I n c . , Detroit,
Michigan — to engage de novo
(discount securities brokerage
activities including certain
securities credit and incidental
activities) through its subsidiary,
NBD Securities, Inc., Detroit,
Michigan.
It will also engage in
the sale at retail of tax-exempt
securities and money market
instruments.
The geographic area
to be served will be throughout the
United States. 3/ (11/22/85)
St. Louis
Magnolia Bancshares,
Inc.,
3/ N o t i f i c a t i o n s p r o c e s s e d by R e s e r v e B a n k on
b e h a l f of the B o a r d of G o v e r n o r s u n d e r
d e l e g a t e d authority.
H.2,
1985 NO.
47
21
ACTIONS OF THE BOARD - Continued
Hodgenville, Kentucky — to engage
de novo (making, acquiring and/or
servicing loans for itself or for
others of the type made by a
consumer finance company) through
its subsidiary, Magnolia Mortgage
Company, Inc.,
Hodgenville, Kentucky. 3/
(11/20/85)
San Francisco
Rainier Bancorporation, Seattle,
Washington — to engage de novo
(discount securities brokerage
activities including certain
securities credit and incidental
activities) through its subsidiary,
Rainier Brokerage Services, Inc.,
Seattle, Washington. 3/ (11/23/85)
San Francisco
The Sumitomo Bank, Limited, Osaka,
Japan, to engage de novo (advising
a mortgage or real estate
investment trust; advising a
company registered under the
Investment Company Act of 1940;
providing portfolio investment
advice to any person; providing
economic information and advice,
statistical forecasting services,
and industry studies; providing
financial advice to state and local
governments) through its proposed
new subsidiary, Sumitomo Bank of
N ew York Trust Companv, N ew York,
New York. 3/ (11/23/85)
3/ N o t i f i c a t i o n s p r o c e s s e d by Re s e r v e B a n k on
b e h a l f of the B o a r d of Gover n o r s u n d e r
d e l e g a t e d authority.
H.2,
1985 No.
47
22
ACTIONS OF THE BOARD - Continued
* * * * *
Redemption of Shares
Approved
Minneapolis
Owatonna Bancshares, Inc.,
Owatonna, Minnesota. 1/
Dallas
Texas Gulf Coast Bancshares,
Bay City, Texas. 1/
Inc.,
1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the B o a r d
of Gover n o r s u n d e r d e l e g a t e d authority.
H.2,
1985 No.
47
23
APPLICATIONS RECEIVED
* * * * *
To Establish a Domestic Branch
Pursuant to
Section 9 of the Federal Reserve Act
Received
N e w York
Peapack-Gladstone Bank, Gladstone,
N ew Jersey — to establish a branch
office at the Victorian Scmare
Shopping Center, Califon, New
Jersey. 2/
Richmond
Central Fidelity Bank, Richmond,
Virginia — to establish a branch
at 4230 Plank Road, Fredericksburg,
Virginia. 2/
Chicago
Harris Trust and Savings Bank,
Chicago, Illinois — to establish
an EFT at its facility at 6343 W.
63rd Street, Chicago, Illinois. 2/
Chicago
American Trust and Savings Bank,
Dubuque, Iowa — to establish an
offsite electronic facility at
Sundown Ski Area, 9000 Ashbury
Road, Dubuque, Iowa. 2/
San Francisco
First Interstate Bank of
California, I.os Angeles,
California, to establish a branch
office in the vicinity of 400 South
El Camino Real, City and County of
San Mateo, California. 2/
San Francisco
Vintage Bank, Napa, California,
— to establish a branch in the
vicinity of the intersection of
Browns Valley Road and Austin Way,
City of Napa, California. 2/
To Merge Pursuant to Section
18(c) of The
Federal Deposit Insurance Act
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, 1985 No.
47
24
APPLICATIONS RECEIVED - Continued
Received
San Francisco
Valley Bank and Trust Company, Salt
Lake City, Utah — to acquire the
assets and assume the liabilities
of the Holladay Office of Valley
Thrift and Loan, Salt Lake City,
Utah. 2/
* * * * *
To Establish an Overseas Branch of
an Edge A ct Corporation Pursuant
to Section 25(a) of the Federal
Reserve Act
N e w York
Chemical Bank, New York, N e w York
— prior notification of its intent
to establish an initial branch in
St. Peter Port, Guernsey, Channel
Islands.
* * * * *
Applications and Notifications for
International Investments and
Other Actions Pursuant to
Sections 25 and 2 5 (a) of the
Federal Reserve Act and Sections
4(c)(9), 4(c) (13) and 4(c) (14)
of the Bank Holding Company
A ct o f 1956, as amended
N e w York
Hill Samuel Group, PLC London,
England: prior notification of its
intent to acquire the, Investment
Advisers, Inc., Minneapolis,
Minnesota, a company which provides
investment advice and portfolio
management services.
* * * * *
To F o r m a Bank Holding Company
Pursuant to Section
3 ( a ) (1) of the Bank Holding Company
Act of 1956
N e w York
2
Communicorp, Inc., Addison, N e w
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, 1985 NO.
47
25
APPLICATIONS RECEIVED - Continued
York —
for approval to acquire 100
percent of the voting shares of
Community National Bank, Addison,
New York.
?./
Cleveland
FNB Shares, Inc., M c C o n n e l s v i l l e ,
Ohio —
for approval to acquire 100
percent of the voting shares of The
First National Bank of
McC o n n e 1svi1l e , M c C o n n e 1svi1l e ,
Ohio. 2/
Atlanta
Acadiana Financial Services, Inc.,
Lafayette, Louisiana —
for
approval to acquire 100 percent of
the voting shares of Acadiana
National Bank, Lafayette,
Louisiana. 2/
Atlanta
F&M Financial C o r p . , Piedmont,
Alabama —
for approval to acquire
100 percent of the voting shares of
Farmers & Merchants Bank, Piedmont,
Alabama. 2/
Atlanta
FNS Bancshares, Inc., Scottsboro,
Alabama —
for approval to acquire
100 percent of the voting shares of
The First National Bank,
Scottsboro, Alabama
and Northeast
State Bank of Alabama, Henegar,
Alabama. 2/
Atlanta
Tattnall Bancshares, Inc.,
Reidsville, Georgia —
for approval
to acquire 80 percent of the voting
shares of The Tattnall Bank,
Reidsville, Georgia. 2/
Chicago
The North Salem State
Bancorporation, North Salem,
Indiana —
for approval to acquire
100 percent of the voting shares of
The North Salem State Bank, North
Salem, Indiana. 2/
Chicago
North Vernon 1st Financial
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,
1985 No.
47
26
APPLICATIONS RECEIVED - Continued
Corporation, North Vernon, Indiana.
—
for approval to acquire 100
percent of the voting shares of The
First National Bank of North
Vernon, North Vernon, Indiana. 2/
Chicago
Solon Financial, Inc., Solon, Iowa
—
for approval to acquire at least
80.1 percent of the voting shares
of Solon State Bank, Solon, Iowa.
2/
Minneapolis
SWH Bancorp, Inc. Edina, Minnesota
—
for approval to acquire 100
percent of the voting shares of
Southwest Fidelity State Bank of
Edina, Edina, Minnesota. 2/
Kansas City
Decatur Investment, Inc., Oberlin,
Kansas —
for approval to acquire
100 percent of the voting shares of
The Bank of Oberlin, Oberlin,
Kansas. 2/
Dallas
Bancwell Financial Corporation,
Wells, Texas —
for approval to
acquire 100 percent of the voting
shares of Bank of East Texas,
Chester, Texas, a proposed new
bank. 2/
Dallas
First North Louisiana Bancshares,
Inc., Arcadia, Louisiana —
for
approval to acquire 100 percent of
the voting shares of First National
Bank in Arcadia, Arcadia,
Louisiana. 2/
* * * * *
'
2
To Expand a Bank Holding Company
Pursuant to Section
3 ( a ) (3) of the Bank Holding Company
A ct of 1956
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, 1985 No. 47
27
APPLICATIONS RECEIVED - Continued
New York
First Glen Bancorp, Inc., Glen
Falls, New York —
for approval to
acquire 100 percent of the voting
shares of The Peoples Commercial
Bank, East Greenbush, N ew York. 2/
Philadelphia
Fulton Financial Corporation,
Lancaster, Pennsylvania —
for
approval to acquire 100 percent of
the voting shares of Swineforcl
National Bank, Middleburg,
Pennsylvania. 2/
Atlanta
SouthTrust Corporation, Birmingham,
Alabama —
for approval to acquire
60 percent of the voting shares of
The Bank of Ozark, Ozark, Alabama.
2/
Chicago
First Busev Corporation, Urbana,
Illinois — to acquire 100 percent
of the voting shares of Farmers
State Bank of Heyworth, Heyworth,
Illinois. 2/
Chicago
First Peoria C o r p . , Peoria,
Illinois —
for approval to acquire
100 percent of the voting shares of
Peoples State Bank of Roanoke,
Roanoke, Illinois. 2/
Chicago
Old Second Bancorp., Inc. Aurora,
Illinois —
for approval to acquire
100 percent of the voting shares of
The Yorkville National Bank,
Yorkville, Illinois. 2/
Minneapolis
Hutchinson Bancorp, Inc.,
Minneapolis, Minnesota —
for
approval to acquire 98.57 percent
of the voting shares of Fidelity
State Bank of Fairfax, Fairfax,
Minnesota. 2/
Minneapolis
Hutchinson Bancorp,
2
Inc.,
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, 1985 No. 47
- 28 -
APPLICATIONS RECEIVED - Continued
Minneapolis, Minnesota —
for
approval to acquire 98.38 percent
of the voting shares of Fidelity
State Bank of Hector, Hector,
Minnesota. 2/
Minneapolis
Hutchinson Bancorp, Inc.,
Minneapolis, Minnesota -- for
approval to acquire 98.75 percent
of the voting shares of Fidelity
State Bank of N ew Prague, New
Prague, Minnesota. 2/
Kansas City
ADBANK (formerly First Security
Corp o r a t i o n ) , Ogallala, Nebraska —
for approval to acquire 100 percent
of the voting shares of Adams Bank
and Trust (formerly Keith County
Bank and T r u s t ) , Ogallala, Nebraska
and 100 percent of Security State
Bank, Madrid, Nebraska. 2/
Kansas City
United Missouri Bancshares, Inc.,
Kansas City, Missouri —
for
approval to acquire 100 percent of
the voting shares of United
Missouri Bank of Clarksdale,
Clarksdale, Missouri, a proposed
new bank. 2/
Dallas
International Bancshares
Corporation, Laredo, Texas —
for
approval to acquire 100 percent of
the voting shares of
Intercontinental National
B a n k - S tarcrest, San Antonio, Texas.
2/
Dallas
Texas Regional Bancshares, Inc.,
McAllen, Texas —
for approval to
acquire 100 percent of the voting
shares of Mid Valley Bank, Weslaco,
Texas. 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, 1985 No. 47
29
APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company
Pursuant to Section
3 ( a ) (5) of the Bank Holding Company
Act of 1956
Richmond
Sovran Financial Corporation,
Norfolk, Virginia —
for approval
to merge with D. C. National
Bancorp, Inc., Washington, D.C.,
and indirectly acquire District of
Columbia National Bank, Washington,
D.C. 2/
Richmond
Sovran Financial Corporation,
Norfolk, Virginia —
for approval
to merge with Suburban Bancorp,
Bethesda, Maryland and indirectly
acquire Suburban Bank, Bethesda,
Maryland. 2/
Kansas City
ADBANK (formerly First Security
C o r p o ration), Ogallala, Nebraska —
for approval to merge with Chase
County Corporation, Ogallala,
Nebraska and indirectly acquire
Chase County Bank and Trust
Company, Imperial, Nebraska and to
merge with Adco Company, Ogallala,
Nebraska and indirectly acquire
Bank of Brule, Brule, Nebraska. 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.
B.2, 1985 No. 47
30
APPLICATIONS RECEIVED - Continued
* * * * *
To Expand a Bank Holding Company
Pursuant to Section
4 ( c ) (8) o f the Bank Holding Company
A ct of 1956
Ne w York
The Chase Manhattan Corporation,
N ew York, Ne w York — to engage de
novo through its subsidiary, Chase
Manhattan Futures Corporation, in
the execution and clearance of
stock index futures contracts and
options on such contracts for
affiliated and nonaffiliated
persons on major commodity
exchanges.
N ew York
Citicorp, N ew York, N ew York —
prior notice of its intent to
establish a branch of its
subsidiary, Citicorp Banking
Corporation, Wilmington, Delaware
("CBC.") , in the Territory of Guam.
N e w York
First Fidelity Bancorporation,
Newark, Ne w Jersey, — to expand
the geographic areas of its
nonbanking subsidiaries to any
state within the U.S. for the
following de novo activities
(discount securities brokerage
activities including certain
securities credit and incidental
activities; making, acquiring
and/or servicing loans for itself
or for others of the type made by a
consumer finance company? a sales
finance company? a commercial
finance company? selling credit
life, disability, or involuntary
unemployment insurance? and any
insurance agency activity engaged
in by a bank holding company or a
subsidiary on or before May 1,
1982). (11/22/85)
Ne w York
First Fidelity Bancorporation,
H.2, 1985 No. 47
31
APPLICATIONS RECEIVED - Continued
Newark, N ew Jersey — to engage de
novo (engaging in the activities of
a trust company of a fudiciary,
agency, or custodial nature)
through its subsidiary, FNS Bank of
N e w York, N e w York, N ew York.
The
activity will be conducted
throughout the United States.
(11/20/85)
N e w York
Horizon Bancorp, Morristown, New
Jersey — to engage de novo
(discount securities brokerage ?
activities including certain
securities credit and incidental
activities) through its subsidiary,
Horizon Brokerage Services, Inc.,
Morristown,
New Jersey. (11/20/85)
N ew York
Irving Bank Corporation, N ew York,
N ew York — to engage de novo
(discount securities brokerage activities including certain
securities credit and incidental
activities) through a new’ly
established subsidiary. One Wall
Street Brokerage, Inc., Scarsdale,
N ew York.
The activities will be
conducted on a nationwide basis.
(11/22/85)
Cleveland
Ameritrust Corporation, Cleveland,
Ohio, to engage de novo (making,
acquiring and/or servicing loans
for itself or for others of the
type made by a consumer finance
company) through its subsidiary AT
Acceptance Corporation, Cleveland,
Ohio.
The activities will be
conducted throughout the entire
United States.
(11/22/85)
Cleveland
Mellon Bank Corporation,
Pittsburgh, Pennsylvania — to
acquire AVCO Financial services of
the United States, Inc., Newport
H.2, 1985 No. 47
32
APPLICATIONS RECEIVED - Continued
Beach, California and acquire
substantially all of the assets of
AVCO which engages in making,
acquiring and servicing loans and
other extensions of credit for its
account or for the account of
others.
Cleveland
Mellon Bank Corporation,
Pittsburgh, Pennsylvania — to
engage de novo (discount securities
brokerage activities including
certain securities credit and
incidental activities) through
Mellon Brokerage Services
Corporation, J n c . , Pittsburgh,
Pennsylvania. (11/22/85)
C.l eve land
Mellon Bank Corporation,
Pittsburgh, Pennsylvania — to
acquire Carleton Financial
Computations, Inc., South Bend,
Indiana.
Cleveland
Northern Kentucky Trust Corp.,
Inc., Alexandria, Kentucky — to
engage de novo (making, acquiring
and/or servicing loans for itself
or for others of the type made by a
consumer finance company) through
Northern Kentucky Financial
Corporation, Florence, Kentucky.
(11/18/85)
Richmond
Sovran Financial Corporation,
Norfolk, Virginia — for approval
to acquire Suburban Funding
Corporation, Bethesda, Maryland and
thereby engage in commercial
financing; making, acquiring,
and/or servicing for its own
account and for the account of
others, loans and leases of real
and personal property; and
arranging financing, financial
structuring and analysis with
respect to equipment leasing.
H.2, 1985 No. 47
33
APPLICATIONS RECEIVED - Continued
Richmond
United Virginia Bankshares, I n c . f
Richmond, Virginia — to engage de
novo (discount securities brokerage
activities including certain
securities credit and incidental
activities) through its subsidiary,
United Virginia Brokerage, Inc.,
Richmond, Virginia. (11/18/85)
Atlanta
First American Corporation,
Nashville, Tennessee — to engage
de novo (engaging in the activities
of a trust company of a fudiciary,
agency, or custodial nature)
through its subsidiary, First
American Trust Company, N . A . ,
Nashville, Tennessee.
(11/18/85)
Atlanta
First Commerce Corporation, New
Orleans, Louisiana — to engage de
novo (making, acquiring and/or
servicing loans for itself or for
others of the type made by a
mortgage company) through its
subsidiary, First Commerce Mortgage
Corporation, New Orleans,
Louisiana. (11/18/85)
Atlanta
Third National Corporation,
Nashville, Tennessee — to engage
de novo (discount securities
brokerage activities including
certain securities credit and
incidental activities) through its
subsidiary. TNC Securities, Inc.,
Chattanooga, Tennessee. (11/18/85)
Atlanta
Quality Financial Services, Corp.,
Alexandria, TN —
for approval to
acquire George W. Corley and Son
Insurance Agency, Alexandria, TN
and thereby engage in general
insurance agency activities in a
place with a population not
exceeding 5,000.
Chicago
Banks of Iowa, Inc., Des Moines,
H.2, 1985 No. 47
34
APPLICATIONS RECEIVED - Continued
Iowa — to engage de novo (making
acquiring and/or servicing loans
for itself or for others of the
type made by a consumer finance
c o m p a n y ) . (11/18/85)
Chicago
Community Banks, Inc., Middleton,
Wisconsin — to establish a de novo
subsidiary.
CBI Trust and
Financial Services, Inc., Madison,
Wisconsin and to engage de novo
(engaging in t h e ’activities of a
trust company of a fidiciary,
agency, or custodial n a t u r e ) .
(11/19/85)
Chicago
Old Kent Financial Corporation,
Grand Rapids, Michigan — to engage
de novo (discount securities
brokerage activities including
certain securities credit and
incidental activities) through a
wholly-owned subsidiary, Old Kent
Brokerage Services, Inc., Grand
Rapids, Michigan, which will
acquire the brokerage business and
assets previously acquired by Old
Kent Bank and Trust Company, Grand
Rapids, Michigan, from National
Financial Services Corporation, an
unaffiliated organization.
(11/22/85)
Chicago
Valley Bancorportion, Appleton,
Wisconsin — to establish a de novo
subsidiary, Valley Brokerage
Services, Inc., Appleton, Wisconsin
and to engage de novo (discount
securities brokerage activities
including certain securities credit
and incidental a c t i v i t i e s ) .
(11/21/85)
St. Louis
Bancorp of Mississippi, Inc.,
Tupelo, MS —
for approval to
acquire Continental Leasing
Corporation, Hattiesburg,
H.2, 1985 No. 47
35
APPLICATIONS RECEIVED - Continued
Mississippi and thereby engage in
originating and servicing equipment
leases.
St. Louis
Citizens Fidelity Corporation,
Louisville, Kentucky, to engage de
novo (discount securities brokerage
activities including certain
securities credit and incidental
activities; underwriting and
dealing in obligations of the
United States, general obligations
of states and political
subdivisions, and other obligations
in which state member banks are
authorized to underwrite and deal)
through its wholly-owned
subsidiary, Citizens Fidelity
Capital Markets, Inc., Louisville,
Kentucky. (11/20/85)
St. Louis
Siloam Springs Bancshares, Inc.,
Bentonville, Arkansas — to engage
de novo (engaging in full pay-out
personal property l e a sing).
(11/20/85)
St. Louis
Siloam Springs Bancshares, I n c . ,
Bentonville, Arkansas — to engage
de novo (making, acquiring, and/or
services loans for itself or for
others of the type made by a
mortgage c o m p a n y ) . (11/18/85)
Minneapolis
Norwest Corporation, Minneapolis,
Minnesota — to engage de novo
(advising a mortgage or real estate
investment trust; advising a
company registered under the
Investment Company Act of 1940;
providing portfolio investment
advice to any person; providing
economic information and advice,
statistical forecasting services,
and industry studies; providing
H.2, 1985 NO. 47
36
APPLICATIONS RECEIVED - Continued
financial advice to state and local
gov e r n m e n t s ) . (11/18/85)
Kansas City
Firstier, Inc., Omaha, Nebraska —
for approval to acquire Firstier
Data Services, Inc., Omaha, NE and
thereby engage in the provision of
data processing and transmission
services, facilities, data bases,
or access to such.
Kansas City
Herington Bancshares, Inc.,
Herington, Kansas — to engage de
novo (engaging in insurance agency
activities in a town of less than
5,000 persons; performing real
estate appraisals) through
Herington Financial Services, Inc.,
Herington, Kansas.
These
activities would be conducted
throughout the State of Kansas.
(11/22/85)
Dallas
Central Bancshares, Inc., Houston,
Texas — to engage de novo
(providing to others financially
related data processing and data
transmission services, facilities,
and data bases; or access to them)
through the acquisition of Central
Technology, Inc., Houston, Texas.
(11/19/85)
Dallas
United Bancshares, Inc., Rosenburg,
Texas —
for approval to acquire
Associated Investors Life Insurance
Company, Houston, Texas, and
thereby engage in the underwriting
of credit life, credit accident and
health insurance that is directly
related to an extension of credit
by the bank holding c o m p a n y system.
San Francisco
First Interstate Bancorp, Los
Angeles, California — to engage de
novo (underwriting and dealing in
obligations of the United States,
H.2, 1985 No. 47
37
APPLICATIONS RECEIVED - Continued
general obligations of states and
political subdivisions, and other
obligations in which state member
banks are authorized to underwrite
and deal) through First Interstate
Services, Inc., Los Angeles,
California. (11/20/85)
San Francisco
Security Pacific Corporation, Los
Angeles, California — to engage de
novo (providing management
consulting services to depository
institutions) through its
subsidiary Security Pacific
Management Consulting Corporation,
Los Angeles, California.
The
activities will be conducted from
an office of Security Pacific
Management Consulting Corporation,
located in Los Angeles, California,
serving the United States and the
District of Columbia. (11/18/85)
* * * * *
REPORTS RECEIVED
None.
* * * * *
PETITIONS F OR RULEMAKING
None.
@FedFRASER