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announcem ent b y
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SXSTBi
H.2, 1985 No. 48
Actions of the Board
Applications and Reports Received
Daring the Node aiding November 30, 1985
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Boston
Amoskeag Savings Bank, Manchester, New Hampshire,
proposed merger with Amoskeag National Bank and
Trust Co. — report to the Comptroller of the
Currency on competitive factors.1/
Boston
The First National Bank of Boston, Boston,
Massachusetts, proposed merger with Bank of
Boston-Norfoik, Wellesley, Massachusetts —
report to the Comptroller of the Currency on
competitive factors.1/
New York
Citibank Overseas Investment Corporation, Wilmington
Delaware — extension of time to September 19,
1986, within which to make an investment in
Citibank Canada Mortgage Corporation, Toronto,
Canada.1/
New York
Banco de Santander International, Miami, Florida —
extension of time to July 29, 1986, within which
to dispose of shares of Compania Refanestadora
de la Sabena.l/
Cleveland
Ameritrust Corporation, Cleveland, Ohio — extension
of time on behalf of AT Investment Services Corp.
a subsidiary, to begin operations.1/
Richmond
Big Coal River Bancorp, Inc., Whitesville, West
Virginia — extension of time to February 27,
1986, within which to becane a bank holding
company through the acquisition of Whitesville
State Bank, Inc.l/
Atlanta
Commerce Union Bank Eastern, Oak Ridge, Tennessee —
'Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 No. 48
- 2 -
ACTIONS OF THE BOARD - Continued
investment in bank premises. 1/
Atlanta
Florida Commerce Bank, Clearwater, Florida, proposed
merger with Florida Bank of Commerce — report to
the Federal Deposit Insurance Corporation on
competitive factors.1/
Chicago
M&I Marshall & Isley Bank, Milwaukee, Wisconsin —
extension of time to December 15, 1985, within
which to merge with Heritage Bank, Wauwatosa,
Wisconsin.1/
Chicago
FIRSTBANK COBP., Alma, Michigan — extension of time
to February 16, 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 Bank of Alma.l/
Chicago
PSB RANCSHARES, LID., Postville, Iowa — extension
of time to February 1, 1986, within which to
become a bank holding company through the
acquisition of 54.4 percent or more of the voting
shares of Postville State Bank.l/
Chicago
FCN Banc Corp., Brookville, Indiana — extension of
time to February 13, 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 The Franklin County National Bank of
Brookville.1/
Chicago
The First Interim National Bank of Cloverdale,
Cloverdale, Indiana, proposed merger with The
First National Bank of Cloverdale, under the
charter of The First Interim National Bank of
Cloverdale and title of The First National Bank
of Cloverdale report to the Comptroller of the
Currency on competitive factors. 1/
Chicago
Peoples Bank of Port Huron, Port Huron, Michigan,
proposed merger with NBD Port Huron Bank, N.A.,
under the charter of NBD Port Huron Bank, N.A.,
and title of Peoples Bank of Port Huron, N.A. —
report to the Comptroller of the Currency on
competitive factors.1/
Chicago
DMB Corporation, Inc,, DeForest, Wisconsin, —
extension of time to December 22, 1985, within
^Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 No. 48
- 3ACTIONS OF THE BOARD - Continued
which to became a bank holding company through
the acquisition of 100 percent of the voting
shares of the successor by merger to DeForestMorrisville Bank.l/
Chicago
First American Bank Corporation, Elk Grove Village,
Illinois — extension of time to December 31,
1985, within which to acquire 100 percent of the
voting shares of the successor by merger to
Ccmmunity Bank & Trust, Hanover Park, Illinois. 1/
Chicago
Citizens Commercial & Savings Bank, Flint, Michigan
— extension of time to February 3, 1986, within
which to establish a branch in the vicinity of
G-3250 South Linden Road.l/
St. Louis
Commerce Union Bank, Union City, Tennessee —
investment in bank premises. 1/
St. Louis
Salem Bancorp, Inc., Salem, Indiana — extension of
time to December 31, 1985, within which to become
a bank holding company through the acquisition of
the State Bank of Salem. 1/
Kansas City
Bank of Neosho, Neosho, Missouri —
shares.1/
Dallas
Western Savings Association, Gatesville, Texas —
deregistration statement.1/
redemption of
* * * * * *
1Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 No. 48
- 4ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Approved
New York
United Counties Trust Company, Elizabeth, New Jersey,
to establish a branch at Four Lincoln Place,
Madison, New Jersey.1/ 11/26/85
Richmond
United Virginia Bank, Richmond, Virginia, to estab
lish a branch at 3610-H King Street, Alexandria,
Virginia. 1/ 11/29/85
Richmond
Central Fidelity Bank, Richmond, Virginia, to estab
lish a branch at 600 Thimble Shoals Boulevard,
Newport News, Virginia. 1/ 11/29/85
Atlanta
Bank of The Islands, Sahibel, Florida, to establish
a branch at Unit 110, Chadwick Square, Captiva,
Florida. 1/ 11/29/85
Atlanta
First American Bank of Orange County, Maitland,
Florida, to establish a branch at 105 West
Colonial Drive, Orlando, Florida. 1/ 11/29/85
* * * * * *
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Not Disapproved
St. Louis
Brighton Bancshares Corporation, Brighton,
Tennessee. 1/ 11/27/85
Minneapolis
Oliver Rancorporation, Inc., Center, North Dakota 1/
11/26/85
* * * * * *
To Became a Member of the Federal Reserve System
Pursuant to Section 9 of The Federal Reserve Act
Approved
Dallas
First American Bank and Trust of Friendswood,
Friendswood, Texas. 1/ 11/29/85
^Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 No. 48
- 5ACTIONS OF THE BOARD - Continued
Dallas
Commerce Bank of Plano, Plano, Texas. 1/ 11/29/85
* * * * * *
To Merge Pursuant to Section 18(c)
of the Federal Deposit Insurance Act
Approved
Atlanta
Georgia State Bank, Martinez, Georgia — to merge
with Georgia Railroad Bank & Trust Company,
Augusta, Georgia. 1/ 11/27/85
Atlanta
Washington Loan and Banking Canpany, Washington,
Georgia — to merge with Georgia Railroad Bank &
Trust Company, Augusta, Georgia. 1/ 11/27/85
Atlanta
Gwinnett Bank & Trust Company, Norcross, Georgia —
to merge with First Georgia Bank, Atlanta,
Georgia. 1/ 11/27/85
* * * * * *
^Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 Mb. 48
- 6 -
A C T IO N S O F TH E BOARD - C o n tin u e d
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)(14) of
the Bank Holding Company Act of 1956, as amended
Approved
New York
The Industrial Bank of Japan, Limited, Tokyo, Japan:
— grants consent to acquire indirectly the vot
ing shares of J. Henry Schroder International
Bank, New York, New York. 11/29/85
To Form a Bank Holding Ccupany Pursuant to Section
3(a) (1) of the Bank Holding Ccnpany Act of 1956
Returned
Dallas
Western Bancshares of Clovis, Inc., Clovis, New
Mexico — for approval to acquire at least 80
percent of the voting shares of Western Bank of
Clovis, Clovis, New Mexico. 12/4/85
Approved
Richmond
Colson, Inc., Wilmington,Delaware — for approval to
acquire 72.5 percent of the voting shares of
Washington Bancorporation, Washington, D.C., and
indirectly The National Bank of Washington,
Washington, D.C. 11/29/85
Richmond
First Center Bancshares, Inc., Mount Hope, West
Virginia — for approval to acquire 100 percent
of the voting shares of H & R Bancshares, Inc.,
Danville, West Virginia, and indirectly Bank of
Danville, Danville, West Virginia. 11/29/85
Richmond
Washington National Holdings N.V., Curacao, Nether
lands Antilles — for approval to acquire 37.5
percent of the voting shares of Colson, Inc.,
Wilmington, Delaware, and indirectly The National
Bank of Washington, Washington, D.C. 11/29/85
H.2, 1985 No. 48
- 7 -
ACTIONS
OF
THE BOARD - Continued
Atlanta
Big Lake Financial Corporation, Okeechobee, Flordia
— for approval to acquire 100 percent of the
voting shares of Big Lake National Bank,
Okeechobee, Florida, a proposed new bank. 1/
11/26/85
Atlanta
Cullman Bancshares, Inc., Cullman, Alabama — for
approval to acquire 100 percent of the voting
shares of Peoples Bank of Cullman County, Cullman,
Alabama. 1/ 11/26/85
Atlanta
Cahaba Bancorp, Trussville, Alabama — for approval
to acquire 100 percent of the voting shares of
Cahaba Bank & Trust, Trussville, Alabama. 1/
11/26/85
Atlanta
Newton County Bancorporation, Inc., Newton, Missis
sippi — for approval to acquire at least 80
percent of the voting shares of Newton County
Bank, Newton, Mississippi. 1/ 11/29/85
Atlanta
Newton County Bancorporation, Inc's. Employee Stock
Ownership Plan, Newton, Mississippi — for
approval to acquire 42.22 percent of the
voting shares of Newton County Bancorporation,
Inc., Newton, Mississippi, and indirectly
Newton County Bank, Newton, Mississippi. 1/
11/29/85
Chicago
First Midwest Financial Corporation, Hanover Park,
Illinois — for approval to acquire 100 percent of
the voting shares of First State Bank & Trust Com
pany of Hanover Park, Hanover Park, Illinois. 1/
11/26/85
Chicago
Foresight
— for
voting
German
Davis,
Kansas City
Eudora Bancshares, Inc., Eudora, Kansas — for
approval to acquire 93.93 percent of the voting
shares of Kaw Valley State Bank, Eudora,
Kansas. 1/ 11/29/85
Dallas
Cattleman's Bancshares, Inc., Gordon, Texas — for
approval to acquire 86.3 percent of the voting
Financial Group, Inc., Freeport, Illinois
approval to acquire 50.1 percent of the
shares of German-American State Bank,
Valley, Illinois, and State Bank of Davis,
Illinois. 1/ 11/29/85
'Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 No. 48
- 8 -
ACTIONS OF THE BOARD - Continued
shares of Gordon Financial Corporation, Gordon,
Texas, and indirectly Hie First National Bank
of Gordon, Gordon, Texas. 1/ 11/29/85
Dallas
Fannin Bancorp, Inc., Windom, Texas — for approval
to acquire 80 percent of the voting shares of
Fannin Bank, Windcm, Texas. 1/ 11/27/85
Dallas
Independence Bancshares, Inc., Houston, Texas — for
approval to acquire 100 percent of the voting
shares of New Waverly State Bank, New Waverly,
Texas. 1/ 11/25/85
San Francisco
First Interstate Hawaii, Inc., Honolulu, Hawaii —
for approval to acquire 100 percent (except for
director's qualifying shares) of the voting
shares of First Interstate Bank of Hawaii,
Honolulu, Hawaii. 11/27/85
San Francisco
Midland America Corporation, San Francisco,
California — for approval to acquire 100 per
cent of the voting shares of Crocker National
Corporation and indirectly Crocker National Bank,
both located in San Francisco, California. 1/
11/29/85
Denied
Chicago
Croesus Partners I, Inc., Chicago, Illinois — for
approval to acquire 100 percent of the voting
shares of LaGrange Bank and Trust Company, LaGrange, Illinois, and 98 percent of First Burl
ington Bank of Willowbrook, Willcwbrook, Illi
nois. 11/27/85
* * * * * *
To Expand a Bank Holding Ccnpany Pursuant to
Section 3 (a) (3) of the Bank Bolding Ccnpany act of 1956
W ithdraw n
St. Louis
Ozark Bankshares, Inc., Ozark, Arkansas — for
approval to acquire at least 80 percent of the
voting shares of Newco Corporation, Jasper,
Arkansas, and indirectly Newton County Bank,
Jasper, Arkansas, and Bankstock Two, Inc.,
■''Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 No. 48
- 9ACTIONS OF THE BOARD - Continued
Dardanelle, Arkansas and indirectly Arkansas
Valley Bank, Dardanelle, Arkansas. 11/22/85
Approved
New York
Commercial Bancshares, Inc., Jersey City, New Jersey
— for approval to acquire 100 percent of the
voting shares of First Bank of GoIonia, Colonia,
New Jersey. 11/27/85
New York
The Industrial Bank of Japan, Limited, Tokyo, Japan
— for approval to acquire up to 75.1 percent of
the voting shares of J. Henry Schroder Bank &
Trust Company, New York, New York. 11/29/85
Richmond
Bank of Virginia Company, Richmond, Virginia — for
approval to acquire 100 percent of the voting
shares of Union Trust Bancorp, Baltimore, Mary
land, and indirectly Union Trust Company of
Maryland, Baltimore, Maryland. 11/27/85
Richmond
NCNB Corporation, Charlotte, North Carolina — for
approval to acquire 100 percent of the voting
shares of the successor by merger to Bankers
Trust of South Carolina, Columbia, South Carolina.
11/27/85
Richmond
NCNB Corporation, Charlotte, North Carolina — for
approval to acquire 100 percent of the voting
shares of the successor by merger to Pan American
Banks Inc., Miami, Florida, and indirectly Pan
American Bank, N.A., Miami; Pan American Bank of
Miami, N.A., Miami; Pan American Bank of Dade
County, N.A., Hialeah; Pan American Bank of Miami
Shores, N.A., Miami Shores; Pan American Bank of
Jacksonville, Jacksonville; Pan American Bank of
Orlando, N.A., Orlando; and Pan American Bank of
Tampa, N.A., and to acquire 14.39 percent of
Eastern National Bank, Hialeah, all located in
Florida. 11/27/85
Richmond
NCNB Corporation, Charlotte, North Carolina — for
approval to acquire up to 100 percent of the vot
ing shares of the successor by merger to Southern
National Bankshares, Inc., Atlanta, Georgia, and
indirectly acquire Southern National Bank,
Atlanta, Georgia. 11/27/85
H.2, 1985 No. 48
- 10 ACTIONS OF TOE BOARD - Continued
Richmond
United Virginia Bankshares Incorporated, Richmond,
Virginia — for approval to acquire 100 percent of
the voting shares of NS&T Bankshares, Incor
porated, Washington, D.C., and indirectly NS&T
Bank, National Association, Washington, D.C.
11/27/85
Atlanta
7L Corporation, Tampa, Florida — for approval to
acquire an additional one percent of the voting
shares of First Florida Banks, Inc., Tampa,
Florida, and indirectly Citizens First National
Bank Crystal, Crystal River; Lee County Bank,
Fort Myers; Citizens First National Bank Citrus,
Ivemess; First National Bank of Kissimmee,
Kissirrmee; First National Bank of lakeland,
Lakeland; Lake County Bank, Leesburg; First
American Bank of Pensacola, Pensacola; First
National Bank, Punta Gorda; Citizens Bank &
Trust Co., Quincy; Citizens First National
Bank, Spring Hill; Lewis State Bank, Tallahassee;
First Florida Bank, N.A., Tampa; First National
Bank of Winter Haven, Winter Haven, all located
in Florida. 1/ 11/29/85
Chicago
First Colonial Bankshares Corporation, Chicago,
Illinois — for approval to acquire 100 percent
of the voting shares of All American Bank of
Chicago, Chicago, Illinois, and Northwest Com
merce Bank, Rosemont, Illinois. 1/ 11/29/85
Chicago
Suitmcorp, Fort Wayne, Indiana — for approval to
acquire 15.5 percent of the voting shares of
Decatur Financial, Inc., Decatur, Indiana, and
indirectly Decatur Bank & Trust Co., Decatur,
Indiana. 1/ 11/27/85
Kansas City
CNB Financial Corporation, Kansas City, Kansas —
for approval to acquire 100 percent of the voting
common shares of United Kansas Bancshares, Inc.,
Atchison, Kansas, and indirectly, The City
National Bank of Atchison, Atchison, Kansas. 1/
11/27/85
Kansas City
Osborne Investments, Inc., Osborne, Kansas — for
approval to acquire 100 percent of the voting
shares of Gaylord Investments, Inc., Gaylord,
Kansas, and indirectly Fanners National Bank
of Gaylord, Gaylord, Kansas. 1/ 11/27/85
"''Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 No. 48
- 11 ACTIONS OF THE BOARD - Continued
Dallas
First American Bancshares, Inc., Baytown, Texas —
for approval to acquire 100 percent of the voting
shares of First American Bank and Trust of
Friendswood, Friendswood, Texas, a proposed new
bank. 1/ 11/29/85
* * * * * *
To Expand a Bank Holding Ccnpany Pursuant to Section
3(a) (5) of the Bank Holding Ccnpany Act of 1956
Boston
First Vermont Financial Corporation, Brattleboro,
Vermont — for approval to merge with BANKNORTH
GROUP, INC., St. Albans, Vermont, and indirectly
acquire Franklin-Lamoille Bank, St. Albans,
Vermont. 11/29/85
Cleveland
Fifth Third Bancorp, Cincinnati, Ohio — for approval
to merge with American Bancorp, Inc., and indir
ectly acquire American National Bank, Newport,
Kentucky. 11/25/85
Kansas City
Merchants Bancorporation, Topeka, Kansas — for
approval to merge with Crown Bancshares, Inc.,
Kansas City, Missouri, and indirectly acquire
The First National Bank of Lawrence, Lawrence,
Kansas. 11/26/85
* * * * * *
To Expand a Bank Holding Ccnpany Pursuant to Section
4 (c) (8) of the Bank Holding Ccnpany act of 1956
Returned
Chicago
Banks of Iowa, Inc., Des Moines, Iowa — to engage de
novo (making, acquiring and/or servicing loans
for itself or for others of the type made by a
consumer finance ccnrpany). (11/27/85)
Approved
New York
The Industrial Bank of Japan, Limited, Tokyo, Japan
— for approval to acquire up to 75.1 percent of
the voting shares of J. Henry Schroder Banking
■^Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 No. 48
- 12 -
ACTIONS OF THE BOARD - Continued
Corporation, New York, New York. 11/29/85
Richmond
Bank of Virginia Company, Richmond, Virginia — for
approval to acquire Landmark Financial Services,
Inc., Silver Spring, Maryland. 11/27/85
Richmond
Colson, Inc., Wilmington, Delaware — for approval to
acquire Washington Mortgage Group, Inc., Vienna,
Virginia. 11/29/85
Richmond
United Virginia Bankshares Incorporated, Richmond,
Virginia — for approval to retain 100 percent of
the voting shares of Franklin Mortgage Corpora
tion, Fairfax, Virginia, and 9.5 percent of
Internet, Inc., Reston, Virginia. 11/27/85
Richmond
Washington National Holdings N.V., Curacao, Nether
lands Antilles — for approval to acquire
Washington Mortgage Group, Inc., Vienna,
Virginia, thereby engaging in making, acquiring,
selling and servicing residential mortgage loans;
principally single and multi-family mortgages.
11/29/85
Kansas City
Osborne Investments, Inc., Osborne, Kansas — for
approval to acquire the insurance assets of
Gaylord Investments, Inc., Gaylord, Kansas, in
the sale of life, accident and health insurance
directly related to extensions of credit and
to engage in general insurance. 1/ 11/27/85
San Francisco
Midland America Corporation, — San Francisco to
acquire Crocker Mortgage Ccmpany, Inc., San Diego,
California; Crocker Trust Company of California,
Hawthorne, California; Crocker Financial Corpora
tion, Limited, Honolulu, Hawaii; Crocker Life
Insurance Company, San Francisco, California;
Crocker Investment Management Corp., San Fran
cisco, California; CNC Insurance Agency, Inc., San
Francisco, California; Crocker Holdings, Inc.,
Memphis, Tennessee; Crocker Pacific-Trade
Corporation, San Francisco, California. 1/
11/29/85
San Francisco
The Sanwa Bank, Limited, Osaka, Japan, for approval
to acquire through Sanwa Business Credit Corpor
ation, Chicago, Illinois, installment sales con
tracts and finance leases fncm two subsidiaries
^Application processed on behalf of the Board of Governors under
delegated authority.
B.2, 1995 No. 48
- 13 -
ACTIONS OF THE BOARD - Continued
of Commercial Credit Company, Baltimore Mayrland,
Commercial Credit Equipment Corporation and CCEC,
Inc., all located in Baltimore, Maryland. 1/
11/26/85
San Francisco
Security Pacific Corporation, Los Angeles,
California, for approval to engage de n o w in
data processing activities through XCEL Business
Systems, Inc., Mill Valley, California, 'which
will be a joint venture of the following entities;
General Automation, Bankline, Inc., and Mr. Alan
Horton-Bentley. 11/25/85
^"Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 No. 48
- 14 ACTIONS OF THE BOARD - Continued
Permitted
New York
Irving Bank Corporation, New York, New York — to
engage de novo (making, acuiring, and/or servic
ing loans for itself or for others of the type
made by a mortgage company, a consumer finance
company; a sales finance company; a credit card
company; and a commercial finance company; engag
ing in full pay-out personal and real property
leasing) through its subsidiary, Irving Financial
Centers, Inc., New York, New York. These
activities will be conducted in Morristown, New
Jersey; Nashua, New Hampshire; and Burlington,
Vermont. 3/ (11/28/85)
New York
Swiss Bank Corporation, Basle, Switzerland — to
engage de novo (making, acquiring and/or
servicing loans for itself or for others of the
type made by a commercial finance company) through
its subsidiary Basle Asset Holding Corp., New
York, New York. 3/ (11/30/85)
3
Notification processed by Reserve Bank on behalf of the Board of
governors under delegated authority.
H.2, 1985 No. 48
- 15 ACTIONS OF TOE BOARD - Continued
Philadelphia
CoreStates Financial Corp., Philadelphia, Pennsyl
vania — to engage de novo (discount securities
brokerage activities including certain securities
credit and incidental activities) through the
acquisition of CoreStates Securities Corp.,
Philadelphia, Pennsylvania, the activities will
be conducted nationwide. 3/ (11/30/85)
Permitted
Philadelphia
Peoples National Bancorp, Inc., State College, Penn
sylvania, to engage de novo (underwriting credit
life and disability insurance on consumer loans)
through the acquisition of Central Pennsylvania
Life Insurance Company. The activity will be
conducted from the office of The Peoples National
Bank of Central Pennsylvania located in Centre
County of Centred. Pennsylvania. (11/29/85) 3/
St. Louis
Canton Bancshares, Inc., Hannibal, Missouri — to
engage de novo (making, acquiring, and/or ser
vicing loans for itself or for others of the type
made by a mortgage company? a consumer finance
company; and a commercial finance company).
(11/27/85) 3/
Dallas
PSB Financial Corporation, Many, Louisiana — to en
gage de novo (discount securities brokerage
activities including certain securities credit
and incidental activities) through a proposed new
subsidiary, PSB Financial Corporation, Many,
Louisiana (11/29/85) 3/
Notification processed by Reserve Bank on behalf of the Board of
Governors under delegated authority.
H.2, 1985 No. 48
- 16 ACTIONS OF THE BOARD - Continued
Redemption of Shares
Atlanta
First Bankshares, Inc., Marianna, Florida. 1/
(11/27/85)
(Chicago
Delaware Service Co., Inc., Manchester, Iowa. 1/
(11/29/85)
■'‘Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1985 No. 48
- 17 -
APPLICATIONS RECEIVED
To Merge Pursuant to Section 18 (c) of
the Federal Deposit Insurance Act
Atlanta
Sun Interim Bank, Tampa, Florida, to merge with Sun
Bank of Tampa Bay, Tampa Bay, Florida., and Sun
Bank/Suncoast, N.A., St. Petersburg, Florida. 2/
* * * * * *
Tb Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Cleveland
Commerce Exchange Bank, Beachwood, Ohio. 2/
Atlanta
Sun Interim Bank, Tampa, Florida. 2/
Dallas
First American Bank and Trust of Friendswood,
Texas. 2/
San Francisco
The Sun City Bank, Sun City, Arizona. 2/
* * * * * *
To Establish a U.S. Branch of an Edge Act Corporation
Pursuant to Section 25(a) of the Federal Reserve Act
Boston
Bank of Boston International South, Miami, Florida
— prior notification of its intent to open a
branch in Los Angeles, California.
* * * * * *
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)(14) of the Bank Holding
Company Act of 1956, as amended.
New York.
2
Citicorp, New York, New York, requests specific con
sent to continue to hold, indirectly, 100 percent
of the shares of Citicorp Futures Limited, Singa
pore ("Futures") after Futures acts as a futures
commission merchant with respect to the Nikkei
Stock Average Contract, a Japanese stock index
Application subject to Ccmnunity Reinvestment Act. The Ccmrnunity
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the carment period.
H.2, 1985 No. 48
- 18 -
APPLECKFICNS RECEIVED - continued
futures contract, which is expected to be
available shortly on the Singapore International
Monetary'Exchange.
Nev7 York
Manufactures Hanover International Finance Corpora
tion, New York, New York — requests consent to
make additional investment in Manufacturers
Hanover Bank (Guernsey) Ltd., Guernsey, Channel
Islands.
Chicago
First Chicago International Finance Corporation,
Chicago, Illinois — prior notification of its
intent to make an additional investment in P.T.
Salindo Perdana Leasing Indonesia, Jakarta,
Indonesia.
* * * * * *
To Form a Bank Holding Gcmpany Pursuant to Section
3 (a) (1) of the Bank Holding Ocnpany Act of 1956
Boston
Bank of New England Corporation, Boston, Massachu
setts — for approval to acquire 100 percent of
the voting shares of Old Colony Bank, a federal
savings bank, Providence, Rhode Island, a pro
posed bank. 2/
Philadelphia
Guaranty Bancshares Corporation, Shamokin, Pennsylvania — for approval to acquire 100 percent of
the voting shares of Community National Bank,
Shamokin, Pennsylvania. 2/
Cleveland
Commerce Exchange Corporation, Beachwood, Ohio,
— for approval to acquire 100 percent of the
voting shares of Commerce Exchange Bank, Beachwood, Ohio, a proposed new bank. 2/
Cleveland
National Bancshares Corporation, Orrville, Ohio
— for approval to acquire 100 percent of the
voting shares of First National Bank, Orrville,
Ohio. 2/
Atlanta
First American Kentucky Bancorp, Inc., Ashland,
Kentucky — for approval to acquire 100 percent of
the voting shares of First Ashland Corporation,
Ashland, Kentucky and indirectly acquire First
Bank and Trust Company of Ashland, Ashland,
2
Application subject to Ccmnunity Reinvestment Act. The Ccmnunity
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the ccnment period.
H.2, 1985 No. 48
- 19 -
APPLICATIONS RECEIVED - continued
Kentucky. 2/
Atlanta
Granvalor Holdings S.A., Panama City, Panama — for
approval to acquire 6 4 8 percent of the voting
shares of International Bancorp of Miami N.V.,
Curacao, Netherlands Antilles.
.
Atlanta
International Bancorp of Miami, Inc., Miami, Kentucky
— for approval to acquire 99.8 percent of the
•noting shares of The International Bank of Miami,
N.A., Miami, Florida. 2/
Atlanta
International Bancorp of Miami N.V., Curacao, Nether
lands, Antilles — for approval to acquire 100
percent of the voting shares of International
Bancorp of Miami, Inc., Miami, Florida. 2/
Atlanta
Mobile National Corporation, Mobile, Alabama — for
approval to acquire 100 percent of the voting
shares of The Bank of Mobile, N.A., Mobile,
Alabama, a proposed new bank. 2/
Chicago
F&M Bankshares of Reedsburg, Inc., Feedsburg, Wis
consin — for approval to acquire 80 percent
or more of the voting shares of Farmers and
Merchants Bank, Reedsburg, Wisconsin.
Chicago
Valley Holding Company, Aurora, Illinois —
for approval to acquire 100 percent of the
voting shares of Valley National Bank of
Aurora, Aurora, Illinois. 2/
Kansas City
Lone Wolfe Bancshares, Inc., Lone Wolf, Oklahoma —
for approval to acquire at least 80 percent of
the voting shares of First State Bank, Lone
Wolfe, Oklahoma. 2/
Dallas
First White Oak Bancshares, Inc., White Oak, Texas
—
for approval to acquire at least 80 percent
of the voting shares of White Oak State Bank,
White Oak, Texas.
Dallas
Lamar Bancorporation, Inc., Paris, Texas — for
approval to acquire 80 percent of the voting
shares of Lamar National Bank, Paris, Texas. 2/
San Francisco
Crown National Bancorp., San Jose, California —
for approval to acquire 100 percent of the voting
shares of Crown National Bank, San Jose,
2 Application
subject to Ccmnunity 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. 48
- 20 APPLICATIONS RECEIVED - continued
California, a proposed new bank. 2/
* * * * * *
To Expand a Bank Holding Ccnpany Pursuant to Section
3 (a) (3) of the Bank Holding Ccnpany Act of 1956
Boston
Bank of New England Corporation, Boston,
Massachusetts — for prior approval to acquire
100 percent of the voting shares of Old Colony
Bank, a federal savings bank, Providence, Rhode
Island. 2/
Cleveland
Kentucky Bancorporation, Inc., Covington, Kentucky
— for approval to acquire 100 percent of the
voting shares of Kentucky State Bank, Carrollton,
Kentucky. 2/
Atlanta
First American Corporation, Nashville, Tennessee
— through First American Kentucky Bancorp.,
Inc., Ashland, Kentucky, to acquire indirectly
100 percent of the voting shares of First Ashland
Corporation, Ashland, Kentucky, and indirectly
First Bank and Trust Company of Ashland, Ashland,
Kentucky. 2/
Chicago
Princeton National Bancorp., Inc., Princeton,
Illinois — for approval to acquire 100 percent
of the voting shares of Genoa State Bank, Genoa,
Illinois. 2/
Chicago
Standard Bancshares, Inc., Evergreen Park, Illinois
— for approval to acquire 100 percent of the
voting shares of Hickory Bancorp., Inc., Hickory
Hills, Illinois, and indirectly acquire Bank of
Hickory Hills, Hickory Hills, Illinois. 2/
Chicago
Valley Bancorporation, Appleton, Wisconsin — for
approval to acquire 100 percent of the voting
shares of Spring Green Bankshares, Inc., Spring
Green, Wisconsin, and indirectly acquire Bank
of Spring Green, Spring Green, Wisconsin. 2/
Kansas City
United Banks of Colorado, Inc., Denver, Colorado —
for approval to acquire 100 percent of the
voting shares of United Bank of Aurora-City
Center, Aurora, Colorado, a proposed new bank. 2/
2
Application subject to Ccranunitv Reinvestment Act. The Canmunity
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the ccmment period.
H.2, 1985 No. 48
- 21 APPUCATIONS RECEIVED - continued
Dallas
Texas Commerce Bancshares, Inc., Houston, Texas —
for approval to acquire 100 percent of the voting
shares of Texas Commerce Rank, Newark, Delaware, a
proposed new bank. 2/
* * * * * *
To Expand a Bank Holding Company Pursuant to Section
3 (a) (5) of the Bank Holding Company Act of 1956
Kansas City
American Bancorporation, Inc., Sapulpa, Oklahoma —
for approval to merge with Beggs Bancshares, Inc.,
Beggs, Oklahoma, and indirectly acquire The Bank
of Beggs, Beggs, Oklahoma. 2/
Kansas City
CBN Bancshares, Inc., Murdock, Kansas, (formerly
Murdock Bancshares, Inc.) — for approval to merge
with Mayfield Bancshares, Inc., Mayfield, Kansas,
and indirectly Mayfield State Bank, Mayfield,
Kansas, and to acquire 80.3 percent of the voting
shares of Fanners State Bank, Offerle, Kansas. 2/
* * * * * *
To Expand a Bank Holding Company Pursuant to Section
4 (c) (8) of the Bank Holding Ocnpany Act of 1956
Boston
BayBanks, Inc., Boston, Massachusetts — to engage
de novo (providing portfolio investment advice
to any person) through its subsidiary BayBanks
Investment Management, Inc., Boston, Massachu
setts. This activity would be conducted on a
nationwide basis. (11/22/85).
New York
Bergen Bank A/S, Bergen, Norway — for approval to
acquire at least 20 percent of the newly-issued
shares of Skandinaviska Enskilda Banken
Corporation, New York, New York, and thereby to
engage in certain nonbanking activities.
New York
NOrstar Bancorp, Inc., Albany, New York — to engage
de novo (making, acquiring and/or servicing loans
for itself or for others of the type made by a
mortgage company) through the acquisition of
Intercounty Mortgage Corp., Hempstead, New York.
(11/26/85)
Cleveland
Society Corporation, Cleveland, Ohio, to engage de
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. 48
- 22 -
APPLICATIONS RECEIVED - continued
novo (discount securities brokerage activities
including certain securities credit and incidental
activities) through a proposed new subsidiary
Societv Investor Services Corporation, Cleveland,
Ohio. (11/29/85)
Atlanta
Brantley Bancorp, Inc., Brantley, Alabama — to en
gage de novo (making, acquiring and/or servicing
loans for itself or for others of the type made
by a commercial finance company; selling credit
life, disability, and involuntary unemployment
insurance). The geographic area to be served will
be throughout the United States. (11/21/85)
Atlanta
Franklin First National Corporation, Decherd, Tennes
see — to engage de novo (making, acquiring and/or
servicing loan for itself or for others of the
type made by a mortgage company; selling credit
life, disability, or involuntary unemployment
insurance) through a proposed new subsidiary,
Franklin First National Mortgage Company, Decherd,
Tennessee. The geographic area to be served is
Southern Middle Tennessee and Northern Alabama.
(11/25/85).
Atlanta
SunTrust Banks, Inc., Atlanta, Georgia — to engage
de novo (discount securities brokerage activities
including certain securities credit and incidental
activities) through its subsidiary SunTrust
Brokerage Services, Inc., Atlanta, Georgia.
Company will initially have business offices
in Orlando, Florida and Atlanta, Georgia, but
seeks approval to conduct this activity through
out the United States. (11/27/85)
Atlanta
Third National Corporation, Nashville, Tennessee, 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, Third Data
Corporation, Nashville, Tennessee. (11/22/85)
Chicago
First United Financial Services, Inc., Arlington
Heights, Illinois — to engage de novo (engaging
in the activities of a trust company of a
fiduciary, agency or custodial nature) through
the acquisition of First United Trust Company,
Oak Park, Illinois. (11/27/85)
H.2, 1985 No. 48
- 23 APPLICATIONS RECEIVED - continued
Chicago
The Marine Corporation, Milwaukee, Wisconsin — to
engage de novo (discount securities brokerage
activities including certain securities credit
and incidental activities) through its subsidiary,
Marine Investment Services Corporation, Milwaukee,
Wisconsin. The geographic area to be served will
be the States of Wisconsin, Minnesota, Illinois,
Iowa, Indiana and Michigan. (11/25/85)
St. Louis
McKenzie Holding Company, McKenzie, Tennessee — to
engage de novo (making, acquiring and/or servic
ing loans for itself or for others of the type
made by a consumer finance company) (11/27/85).
St. Louis
Smith. Associated Banking Corporation, Little Rock,
Arkansas — to engage de novo (selling credit
life, disability, or involuntary unemployment
insurance). (11/29/85)
Minneapolis
First Bank System, Inc., Minneapolis, Minnesota —
for approval to acquire 100 percent of W. W.
Wallwork, Inc., Fargo, North Dakota, Wallwork
Lease and Rental Conpany, Inc., Fargo, North
Dakota, TEC Leasing, Inc., Casper, Wyoming,
and Northwest Leasing Corporation, Fargo, North
Dakota.
Minneapolis
Walker Ban Co., Walker, Minnesota — to engage de
novo through its subsidiary, C.J. Elsenpeter
Agency, Inc., Walker, Minnesota, in general
insurance agency activities in a place with a
population not exceeding 5,000.
Kansas City
American Interstate Bancorporation, Omaha,
Nebraska — for approval to acquire First
Interstate Insurance Conpany, Elkhom, Nebraska,
and thereby engage in general insurance agency
activities in a place with a population not
exceeding 5,000.
Kansas City
Firstier, Inc., Lincoln, Nebraska — to engage de
novo (providing to others financially related
data processing and data transmission services,
facilities and data bases? or access to them)
through Firstier Data Services, Inc., Omaha,
Nebraska (11/25/85).
Kansas City
Nebraska National Corporation, Omaha, Nebraska — to
engage de novo (making, acquiring and/or servic-
H.2, 1985 No. 48
- 24 -
APPLICATIONS RECEIVED - continued
Kansas City
ing loans for itself or for others of the type
made by a mortgage company; engaging in full pay
out personal and real property leasing; provid
ing management consulting services to depository
institutions). These activities will be con
ducted in the greater Omaha metropolitan area.
(11/29/85)
Utica Agency, Inc., Utica, Kansas — to engage de
novo (engaging in insurance agency activities
in a town of less than 5,000 persons). (11/26/85)
Dallas
Texas American Bancshares, Inc., Fort Worth, 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 acquisi
tion of Texas American Services, Inc., Fort
Worth, Texas. (11/26/85)
San Francisco
First Independent Investments Group, Inc., Vancouver,
Washington — to engage de novo (making, acquiring
and/or servicing loans for itself or for others of
the type made by a mortgage company; and a com
mercial finance company)
(11/24/85)
San Francisco
The Mitsubishi Bank, Limited, Tokyo, Japan, and
Bancal Tri-State Corporation, San Francisco,
California — to engage de novo (discount
securities brokerage activities including certain
securities credit and incidental activities)
through Bancal Investment Services, Inc., San
Francisco, California. (11/27/85)
* * * * * *
Reports Received
None.
* * * * * *
Petitions for Rulemaking
None.
@FedFRASER