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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1988, No. 45 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending November 5, 1988. ACTIONS TAKEN*BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES BoatmenTs Bancshares, Inc., St. Louis, Missouri — merge with Centerre Bancorporation, and acquire eleven of its twelve subsidiary banks, and its nonbanking subsidiaries. Approved, October 31, 1988. to EXTENSIONS OF TIME The Bank of New York, New York, New York — extension to acquire Irving Bank Corporation. Granted, November 2, 1988. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC San Francisco California Center Bank, Los Angeles, California — establish a branch near 8132 Garden Grove Boulevard, Garden Grove, California. Approved, November 4, 1988. to Minneapolis Central Savings Bank, Sault Ste Marie, Michigan — to establish a branch at Tone and Riley Roads, Kinross Township, Michigan. Approved, November 4, 1988. Chicago Chemical Bank and Trust Company, Midland, Michigan — to establish a branch in the main concourse of Delta College, University Center, Michigan. Approved, October 31, 1988. San Francisco Hanmi Bank, Los Angeles, California — to establish a branch near Garden Grove Boulevard and Magnolia Street, Garden Grove, California. Approved, November 4, 1988. Richmond Signet Bank / Virginia, Richmond, Virginia — to establish a branch at 618 Denbigh Corporate Center, Denbigh Boulevard, Newport News, Virginia. Approved, November 4, 1988. H.2 OCTOBER 31, 1988 PAGE 2 TO NOVEMBER 5, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Dallas Texas Commerce Bank - Brownsville, Brownsville, Texas — to establish a branch at 1514 West Tyler, Harlingen, Texas. Approved, November 4, 1988. BANK HOLDING COMPANIES Philadelphia Atcorp, Inc., Atco, New Jersey — National Bank. Approved, October 31, 1988. to acquire Atco Atlanta B.H.C., Inc., Arlington, Georgia — Bostwick Banking Company. Approved, October 31, 1988. St. Louis Buena Vista Bancorp, Inc., Chester, Illinois — acquire Buena Vista National Bank. Approved, November 4, 1988. Cleveland Citizens Independent Bancorp, Inc., Logan, Ohio — to acquire The Citizens Bank of Logan, Ohio, Logan, Ohio. Approved, October 31, 1988. Kansas City CMJR Investments, Inc., Lyndon, Kansas — Lyndon State Bank. Returned, November 4, 1988. Philadelphia Commerce Bancorp, Inc., Cherry Hill, New Jersey — to acquire Citizens State Bank of New Jersey, Forked River, New Jersey. Approved, November 4, 1988. Atlanta Empire Bank Corp., Homerville, Georgia — Empire Banking Company. Approved, November 2, 1988. Minneapolis First Bank System, Inc., Minneapolis, Minnesota — to acquire commercial loans and participations from Columbia Savings, Denver, Colorado. Approved, October 31, 1988. to acquire to to acquire to acquire H.2 OCTOBER 31, 1988 PAGE 3 TO NOVEMBER 5, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis First Bank System, Inc., Minneapolis, Minnesota — to acquire Interstate Lending Corporation, Englewood, Colorado, and engage in residential mortgages. Approved, November 4, 1988. St. Louis First Commercial Corporation, Little Rock, Arkansas — to acquire Citizens Bank, England, Arkansas. Approved, November 4, 1988. Kansas City The First National Bank of Syracuse Employee Stock Ownership Plan, Syracuse, Kansas — to acquire Syracuse Financial Company, and First National Bank of Syracuse. Withdrawn, November 4, 1988. Chicago First Shares, Inc., Platteville, Wisconsin — to acquire The First National Bank of Platteville. Approved, October 31, 1988. Cleveland First Southern Bancorp, Inc., Stanford, Kentucky — to acquire Peoples Bank of Paint Lick, Paint Lick, Kentucky. Approved, November 2, 1988. Kansas City First State Bancorporation, Taos, New Mexico — acquire First State Bank of Taos. Approved, November 3, 1988. Atlanta Florida Security Holding Corporation, Maitland, Florida — to acquire First American Bank of Orange County. Approved, November 4, 1988. Cleveland F.N.B. Corporation, Hermitage, Pennsylvania — to acquire The Farmers National Bank of Emlenton, Emlenton, Pennsylvania. Approved, November 4, 1988. Chicago Gore - Bronson Bancorp, Inc., Northbrook, Illinois — to acquire The Palwaukee Bank, Prospect Heights, Illinois. Approved, November 2, 1988. to H.2 OCTOBER 31, 1988 PAGE 4 TO NOVEMBER 5, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis HMC Holding Company, Sioux Falls, South Dakota — acquire Gary State Bank, Gary, South Dakota. Approved, November 4, 1988. New York Hubco Inc., Union City, New Jersey — to engage in mortgage activities through Hub Financial Services Inc. Permitted, November 3, 1988. Kansas City J. R. Montgomery Bancorporation, Lawton, Oklahoma — to engage de novo in mortgage loan activities. Permitted, November 2, 1988. San Francisco Kolob Investment Company, Springville, Utah — to retain M.O. Packard Investment Company, and for Packard to merge with Kolob. Approved, November 4, 1988. Kansas City Livingston & Company Southwest, L.P., Chicago, Illinois — to acquire New Mexico Bank Corporation, Inc., Albuquerque, New Mexico, and First State Bancorporation, Taos, New Mexico. Approved, November 3, 1988. Minneapolis Marietta Bancshares, Inc., Marietta, Minnesota — acquire State Bank of Marietta, and Marietta Insurance Agency. Approved, November 3, 1988. Chicago Merchants National Corporation, Indianapolis, Indiana — to acquire BSP Bancorp, Batesville, Indiana, and Batesville State Bank. Approved, October 31, 1988. S t . Louis Meredosia Bancorporation, Inc., Springfield, Illinois — to acquire Mount Zion State Bank and Trust, Mount Zion, Illinois. Approved, November 4, 1988. Minneapolis Montana Bancsystem, Inc., Billings, Montana — to acquire The Insurance Center, Roundup, Montana. Approved, November 1, 1988. to to H.2 OCTOBER 31, 1988 PAGE 5 TO NOVEMBER 5, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City New Mexico Bank Corporation, Inc., Albuquerque, New Mexico — to acquire Banquest National Bank of Albuquerque. Approved, November 3, 1988. Atlanta P.C.P. Bancorp, Inc., Largo, Florida — to acquire Pinellas Community Bank, Largo, Florida. Approved, November 4, 1988. San Francisco Philippine National Bank, Manila, Philippines — to acquire Century Holding Corporation, San Francisco, California, and Century Banki. Returned, November 2, 1988. Chicago Pioneer Bancorp, Inc., Chicago, Illinois — acquire Pioneer Bank 8 Trust Company. Approved, November 1, 1988. Staff Director BS&R Prairie Bancorp, Inc., Bloomington, Illinois — transfer agent registration. Withdrawn, November 2, 1988. San Francisco Redwood Empire Bancorp, Santa Rosa, California — acquire National Bank of The Redwoods. Approved, November 4, 1988. Kansas City Security Bancshares, Inc., Scott City, Kansas — to acquire Farmers State Bank, Oakley, Kansas, and Medline Insurance Agency, Inc., and engage in insurance agency activities. Withdrawn, November 1, 1988. Cleveland Society Corporation, Cleveland, Ohio — to engage de novo in trust activities through Society National Trust Company, Naples, Florida. Permitted, November 5, 1988. Secretary SunTrust Banks, Inc., Atlanta, Georgia — to acquire BHC Holding, Inc., Philadelphia, Pennsylvania, and BHC Securities, Inc., and engage in discount brokerage. Approved, November 1, 1988. to to H.2 OCTOBER 31, 1988 PAGE 6 TO NOVEMBER 5, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Thompson Financial, Ltd., Fort Worth, Texas — to acquire Texas Security Bancshares, Inc., and Central Bank and Trust. Approved, November 3, 1988. Dallas Weslaco Bancshares, Inc., Weslaco, Texas — acquire City National Bank. Approved, October 31, 1988. San Francisco Western Community Bancorp, Inc., Corona, California — to engage in insurance and underwriting activities through S & S Finance Co., Orange, California. Returned, November 3, 1988. S t . Louis Worthington Bancshares, Inc., Indianapolis, Indiana — to acquire Worthington State Bank, Worthington, Indiana. Approved, October 31, 1988. to BANK MERGERS Atlanta Central Florida Banc Shares, Inc., Maitland, Florida — to merge with First American Bank of Orange County, with the resulting name United American Bank of Central Florida. Approved, November 4, 1988. BANK PREMISES Cleveland Chippewa Valley Bank, Rittman, Ohio — bank premises. Approved, November 3, 1988. investment in Dallas Texas Commerce Bank - Brownsville, Brownsville, Texas — investment in bank premises. Approved, November 4, 1988. H.2 OCTOBER 31, 1988 PAGE 7 TO NOVEMBER 5, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS San Francisco Ramtek Corporation, Santa Clara, California — transfer agent registration. Withdrawn, November 2, 1988. CAPITAL STOCK Chicago Am Tru, Inc., Whiting, Indiana — shares. Approved, November 4, 1988. Atlanta Banco Latino International, Miami, Florida — redemption of shares. Approved, November 2, 1988. Minneapolis Bovey Financial Corporation, Bovey, Minnesota — redemption of shares. Approved, November 4, 1988. San Francisco M.O. Packard Investment Company, Springville, Utah — redemption of shares. Approved, November 4, 1988. Kansas City Spalding City Corporation, Omaha, Nebraska — redemption of shares. Approved, November 1, 1988. redemption of CHANGE IN BANK CONTROL Kansas City Attica Financial Corporation, Attica, Kansas — change in bank control. Permitted, November 3, 1988. Boston The Boston Bancorp, Boston, Massachusetts — in bank control. Permitted, November 2, 1988. St. Louis Citizens Financial Corporation, Belzoni, Mississippi — change in bank control. Permitted, November 3, 1988. St. Louis Fidelity Bancorp, Inc., West Memphis, Tennessee change in bank control. Permitted, November 4, 1988. change H.2 OCTOBER 31, 1988 PAGE 8 TO NOVEMBER 5, 1988 ACTIQNS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS New York The Bowery Savings Bank, New York, New York, proposed purchase of certain assets and liabilities of 20 branches of Hone Savings of America, FA, Irwindale, California — report on competitive factors. Submitted, November 2, 1988. Atlanta Citizens and Southern National Bank of Florida, Fort Lauderdale, Florida, proposed merger with Citizens and Southern Bank, Tallahassee, Florida — report on competitive factors. Submitted, November 2, 1988. Atlanta Community Bank, Blountsville, Alabama, proposed fcerger with Community Bank of Morgan County, Hartselle, Alabama — report on competitive factors• Submitted, November 2, 1938. Atlanta , Community Trust Bank, Hiram, Georgia, proposed merger with CTFS Interim Corporation — report on competitive factors. Submitted, November 1, 1988. Chicago Decatur County Bank, Greensburg, Indiana, proposed merger with The Fifth Third Bank of Southeastern Indiana, Batesville, Indiana — report on competitive factors. Submitted, November 4, 1988. Chicago The First National Bank in Glidden, Glidden, Iowa, proposed merger with Lohrville Savings Bank, Lohrville, Iowa — report on competitive factors. Submitted, November 1, 1988. St. Louis F&M Interim Bank, Fort Branch, Indiana, proposed merger with the Farmers and Merchants Bank — report on competitive factors. Submitted, October 31, 1988. Dallas Great Western National proposed merger with Richardson, Texas — Submitted, November 3, Bank, Lewisville, Texas, Richardson National Bank, report on competitive factors. 1988. H.2 OCTOBER 31, 1988 PAGE 9 TO NOVEMBER 5, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis Liberty National Bank and Trust Company of Indiana, Corydon, Indiana, proposed merger with Liberty National Bank and Trust Company of Southern Indiana, Charlestown, Indiana — report on competitive factors. Submitted, November 1, 1988. EXTENSIONS OF TIME Boston Bank of Boston Corporation, Boston, Massachusetts — extension to February 5, 1989, to engage in certain securities underwriting through BancBoston Securities Inc. Granted, October 31, 1988. San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, November 2, 1988. Cleveland Chippewa Valley Bank, Rittman, Ohio — extension to April 6, 1989, to establish a branch at North High Street and Smokerise Drive, Wadsworth, Ohio. Granted, November 3, 1988. S t . Louis Citizens Fidelity Bank and Trust Company, Louisville, Kentucky — extension to December 1, 1988, to establish a branch at 1021 Hurstbourne Lane. Granted, October 31, 1988. Atlanta Eufaula Bancorp, Inc., Eufaula, Alabama — extension to November 30, 1988, to acquire Eufaula Bank & Trust Company. Granted, November 3, 1988. S t . Louis First City, Inc, Memphis, Tennessee -- extension to January 27, 1989, to convert First City, A Federal Savings Bank into a national bank. Granted, November 4, 1988. San Francisco Frontier Group Incorporated, La Palma, California — extension to February 14, 1989, to engage de novo in real estate loans through Frontier Services, Inc. Granted, November 1, 1988. H.2 OCTOBER 31, 1988 PAGE 10 TO NOVEMBER 5, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain properties. Granted, November 2, 1988. San Francisco U.S.Bancorp, Portland, Oregon — certain property. Granted, November 4, 1988. San Francisco Wells Fargo & Company, San Francisco, California — extension to divest certain property. Granted, November 4, 1988. Atlanta United American Bank of Central Florida, Maitland, Florida — to become a member of the Federal Reserve System. Approved, November 4, 1988. extension to divest MEMBERSHIP RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Atlanta — processor upgrades. Approved, October 31, 1988. to purchase FEDERAL RESERVE RANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Conment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Application NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Conment Period Ending Date Application NONE SECTION TV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE **Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ____________ Notice Only__________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice Fairfield County Bancorp, Inc., Stamford, Connecticut to become a bank holding company with respect to Bank of Stamford, Stamford, Connecticut.1/ 11/ 21/88 2/ Midmerica Bank Corporation, Somerville, New Jersey to became a bank holding company with respect to Mid Jersey National Bank, Somerville, New Jersey. 1/ 11/23/88 2/ Evans Bancorp, Inc., Angola, New York to became a bank holding company with respect to The Evans National Bank of Angola, Angola, New York.l/ 11/27/88 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______ Public Comment______ Citicorp, New York, New York, to acquire the shares of Nelson, Hurst & Marsh (Holdings) Limited, London, England. 1/ Subject to provisions of Canmunity Reinvestment Act. 2/ Later of dates specified in newspaper and Federal Register notices. 3/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Dafe Meridian Bank, Reading, PA to establish an off-site electronic banking facility to be located at the Acme Market, Castor and Wyoming Aves., Philadelphia, PA. 1/ 11/28/88 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE First Peoples Financial Corporation, Haddon Township, NJ, notice to purchase shares of its own common stock pursuant to Section 225.4 of Regulation Y. \J Subject to provisions of Community Reinvestment Act. N/A - Not yet available. Ten Independence Mall, Philadelphia, PA 19106,(215) 574-6000 * # N F Cleveland Reserve Bank Applications For Week Ending Novonber 5, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION CCFMENT PERIOD ENDING Received application on October N3yeS®88 12, 1988 from The Fifth Third Bank, Cincinnati, Ohio, for permission to establish a branch at 705 Central Avenue, Cincinnati, Ohio. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY - Received Section 4 (c) (8) Notice on November 1, 1988 from Equimark Corporation, Pittsburgh, Pennsylvania, to engage de novo in foreign exchange advisory and transactional services through its wholly-owned subsidiary, Equimanagement, Inc., Pittsburgh, Pennsylvania, pursuant to Section 225.25(b) (17) of Regulation Y. Not Yet Known # Received Section 4(c)(8) Notice on November 1, 1988 from Equimark Corporation, Pittsburgh, Pennsylvania, to engage de novo in arranging cormercial real estate equity financing through its wholly-earned subsidiary, Equimanagement, Inc., Pittsburgh, Pennsylvania, pursuant to Section 225.25(b)(14) of Regulation Y.* Not Yet Known # Subject to CRA Expected to end approximately 30 days frem the date of receipt Newspaper Comment Period Federal Reaister Comment Period Cleveland Reserve Bank Applications For Week Ending November 5, 1988 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received request on November 2, 1988 from Lorain County Bank, Elyria, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act.* * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Garment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Sovran Financial Corporation, Norfolk, Virginia, and Sovran Financial Corporation/Central South, Nashville, Tennessee, for prior approval to acquire First Bank of Marion County, South Pittsburg, Tennessee.* Comment Period Ending Date Not Yet Available Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date The National Bank of Washington, Washington, D. C . , to establish an Edge Act Corporation to be known as NBW International Banking Corporation, Miami, Florida.* ** 11-16-88 Signet Banking Corporation, Richmond, Virginia, to engage de novo in the provision of investment counseling and advice and the management of securities accounts through a joint venture with The Equimax Corporation, Richmond, Virginia, through its subsidiary, Fortune Asset Management, Inc., Richmond, Virginia.** 11-23-88 *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Mercantile Bankshares Corporation, Baltimore, Maryland, to acquire most of the assets of Benchmark Appraisal Group, Inc., Columbia, Maryland, and engage through its existing subsidiary, Mercantile Mortgage Corporation, and New Appraisal Company, an organizing subsidiary of the former that would hold the assets acquired, in real estate appraisal activities.* ** 11-25-88 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. October 31, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Family Bank of Hallandale 11-27-88 (CRA) Hallandale, Florida To establish a branch at 4491 South State Road 7, Davie, Florida, to be known as the Family Bank of Hallandale/Davie Office. Section II - Applications Subject to Both Newspaper and Federal Register Notice . Application Comment Period Ending Date Barnett Banks, Inc. Jacksonville, Florida To merge with EMB Financial Holdings, Inc., Fayetteville, Georgia. First Santa Rosa BancShares, Inc. 11-10-88 Milton, Florida Federal Register 1-BHC formation, First National Bank of Santa Rosa County, Milton, Florida. Security National Corporation Maitland, Florida To acquire Security National Bank of Brevard, Melbourne, Florida (in organization). The Citizens and Southern Corporation 11-17-88 Atlanta, Georgia Federal Register Joint with Citizens and Southern Georgia Corporation, Atlanta, Georgia, to acquire Heritage Trust, Conyers, Georgia. Walthall Capital Group, Ltd. Tylertown, Mississippi Change in control by John J. Fraiser, Jr. et. al., to acquire 1,200 shares (60 percent) of the outstanding cannon stock. Bradley County Financial Corp. 11-10-88 Cleveland, Tennessee Federal Register 1-BHC formation, Bank of Cleveland, Cleveland, Tennessee. October 31, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Barnett Banks, Inc. Jacksonville, Florida To expand the geographic scope and to expand the Telecheck services provided by its subsidiary, Barnett Merchant Services, Inc., Jacksonville, Florida, pursuant to section 225.23(b)(1) & (b)(3) of Regulation Y. St. Mary Holding Corporation Franklin, Louisiana To engage de novo in leasing personal property, pursuant to section 225.25(b)(5) of Regulation Y. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application EFT Hawkeye Bank & Trust of Des Moines Des Moines, Iowa Drake University, 2901 University Avenue Des Moines, Iowa Branch/24A Harris Bank St. Charles N - 11-14-88 Saint Charles, Illinois Interstate of Illinois Highway 64 & Smith Road St. Charles, Illinois $1,450,000 for land, building, equipment, furniture and fixtures Branch Old Kent Bank and Trust Company Grand Rapids, Michigan 9325 Cherry Valley Avenue Caledonia, Michigan N N - 11-7-88 - ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application CoC-HC/RoS Mid-Iowa Bancshares Co. Algona, Iowa Beatrice Gilmore and to redeem 791.33 shares of common stock FR - 11-3-88 N - 11-10-88 Y-2 Community Financial Corporation Harbor Beach, Michigan The Peoples State Bank of Caro, Michigan Caro, Michigan FR - 11-21-88 N - 11-30-88 Y-2 First Colonial Bankshares Corporation Chicago, Illinois DuPage County Bank of Glendale Heights Glendale Heights, Illinois FR - 11-21-88 N - ** CoC-HC Lincoln Financial Corporation Fort Wayne, Indiana Lincoln National Corporation Fort Wayne, Indiana FR - 11-3-88 N - ** Y-l Collins Bankcorp, Inc. Collins, Wisconsin Collins State Bank Collins, Wisconsin* FR - 11-10-88 N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-2 First Wisconsin Corporation Milwaukee, Wisconsin Metro Bancorp, Incorporated Phoenix, Arizona Metropolitan Bank Phoenix, Arizona* FR - 11-21-88 N - ** Y-l IBT Bancorp Mount Pleasant, Michigan Isabella Bank and Trust Mount Pleasant, Michigan* FR - 11-21-88 N - ** Y-l American Chartered Bancorp Schaumburg, Illinois American Chartered Bank Schaumburg, Illinois* FR - 11-21-88 N - ** Y-2 First Suburban Bancorp Corporation Maywood, Illinois First State Bank of Alsip Alsip, Illinois FR - 11-21-88 N - ** CoC-HC/RoS First Brookfield, Inc. La Grange, Illinois 3,000 shares (17.7%) Shirley B. Hennebry First National Bank of Brookfield Brookfield, Illinois FR - ** N ^ 11-23-88 Y-l Friendship Bancorp. Friendship, Indiana The Friendship State Bank Friendship, Indiana FR N - ** - ** Y-2 Harris Bankcorp, Inc. Chicago, Illinois First American Bank of Chandler Chandler, Arizona FR N - ** - ** CoC-HC/RoS Hawarden Bancshares, Inc. Hawarden, Iowa 1,258.75 shares (75.15%) Earl V. Slife & Edith C. Slife; Earl V. Slife, Jr., Harry Slife & Alan Burke Fanners State Bank Hawarden, Iowa FR N - ** _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date TJg>e Application CoC-HC Kent Bancshares, Inc. Kent, Illinois Dale DeVries & R. Ronald Lawfer Kent Bank Kent, Illinois FR - ** N - ** Y-l Community Bancorp, Inc. St. Charles, Michigan Community State Bank of St. Charles St. Charles, Michigan FR - ** Y-2 First National Bancorp, Inc. Joliet, Illinois Southwest Suburban Bank Bolingbrook, Illinois FR - ** N - 11-18-88 Section III - Applications Sub.iect to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) A.B.N. - Stichting FR - 11-23-88 Amsterdam, Nederlands To expand the activities of making, acquiring and servicing loans and other extensions of credit through its subsidiary, Netherlands Trading Society East, Inc., Chicago, Illinois 4(c)(8) Algemene Bank Nederland, N.V. FR - 11-23-88 Amsterdam, Nederlands To expand the activities of making, acquiring and servicing loans and other extensions of credit through its subsidiary, Netherlands Trading Society East, Inc., Chicago, Illinois 4(c)(8) Athens Bancorp, Inc. FR - 11-23-88 Athens, Wisconsin Vigil Asset Management Group, Inc. Wausau, Wisconsin— provide trust and fiduciary service to general public Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Continued Type Application Comment Period Ending Date 4(c)(8) Caisse Nationale De Credit Agricole Paris, France Loan Syndication, Interest swaps, portfolio investment through UI-USA, New York New York FR - ** 4(c)(8) Comerica Incorporated Detroit, Michigan Provide to other business organizations, employee benefits consulting services FR - 11-10-88 Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application None N FR * ** - Newspaper Federal Register Subject to provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. Application Comment Period Ending Date SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application * Section 3(a)(1) application by First Bankers Trustshares, Inc., Quincy, Illinois, to acquire First Midwest Bank/M.C., National Association, Quincy, Illinois * Section 3(a)(3) application by Peoples Investment Corporation, Cuba, Missouri, to acquire Peoples Bank of Steelville, Steelville, Missouri, a de novo bank Comment Period Ending Date (Newspaper 12-2-88) (Not available) SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY None. SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Section 3(a)(3) application by Meredosia Bancorporation, Inc., Springfield, Illinois, to acquire Mount Zion State Bank and Trust, Mount Zion, Illinois, a de novo bank, formerly Mount Zion State Bank, Mount Zion, Illinois (Immediate Action) * This application is subject to CRA (None required) FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______Newspaper Notice Only_______ Comment Period Endine Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Endine Date D.S. Amundson & E.J. Amundson To acquire control of 28.86Z of the voting shares of Culbertson Ban Corp, Culbertson, MT 11-15-88 (Federal Register) Michael Bancorporation, Inc. Minneapolis, MN To acquire the Summit National Bank St. Paul, MN* 11-17-88 (Federal Register) Jacob Schmidt Company St. Paul, MN; and American Bancorporation, Inc. St. Paul, MN For American Bancorporation, Inc. to merge with Barnesville Invest ment Corporation, Barnesville, MN and thereby acquire 96.2Z of First National Bank, Barnesville, MN* 12-15-88 (Newspaper) North Shore Financial Corporation Duluth, MN To acquire the Airport State Bank Duluth, MN* Not yet available Charter 95 Corporation Hudson, VI To acquire Merchants State Bank North Branch, MN* 11-23-88 (Federal Register) Jay Nelson To acquire control of 25.91Z of the voting shares of Mower Agency, Inc., Austin, MN 11-21-88 (Federal Register) ♦Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Application Dassel Investment Company Minneapolis, MN To acquire Fidelity State Bank of New Prague, New Prague, MN* Not yet available Lakeside Bank Holding Company New Town, ND To merge with McKenzie County Bancorp, Inc., Watford City, ND, which owns McKenzie County National Bank, Watford City, ND* Not yet available Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Jacob Schmidt Company St. Paul, MN; and American Bancorporation, Inc. St. Paul, MN To engage in general insurance agency activities in a place with a population not exceeding 5,000 thru the acquisition of First Agency of Bamesville, Barnesville, MN. The activity will be conducted in Barnesville, MN 11-21-88 Norwest Corporation Minneapolis, MN To engage in general insurance agency activities through the acquisition of assets of Hopkins Insurance Agency, Des Moines, IA. The activity will be conducted in Des Moines, IA. 11-15-88 *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject (Continued) to Federal Register Notice Onli Application Comment Period Ending Date Park Financial Corporation St. Louis Park, MN To engage de novo in originating and servicing loand or other ex tensions of credit. The activity will be conducted in Minnesota. Not yet available Park Financial Corporation St. Louis Park, MN To engage de novo through Park Investment Corporation, St. Louis Park, MN, in providing securities brokerage services and incidental activities. The activity will be conducted nationwide. Not yet available Norwest Corporation, Mpls, MN, Norwest Financial Services, Inc., Des Moines, IA and Norwest Finan cial, Inc., Des Moines, IA To engage in leasing personal property as agent, broker, or ad visor & to engage in making, acquiring or servicing loans thru the acquisition of HBE Leasing Corporation, St. Louis, MO. Not yet available Lake Crystal Bancorporation Lake Crystal, MN To engage in operating a general insurance agency through the acquisition of Lake Crystal National Agency, Inc., Lake Crystal, MN. The activity will be conducted in Lake Crystal, MN. Not yet available Bosshard Banco, Ltd. La Crosse, VI To engage de novo in providing trust services thru the acquisi tion of 8Z of the voting shares of Vigil Asset Management, Inc., Wausau, VI, a de novo company. The activity will be conducted in Wisconsin. Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION C O M M E N T P E R I O D E N D I N G DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION C O M M E N T P E R I O D E N D I N G DATE C Y R F a m i l y Trust, Merriam, Kansas, for p r i o r approval to a c q u i r e 37.54 p e r c e n t of the v o t i n g s h a r e s of U n i t e d K a n s a s Ba n k Group, I n c . , Me r r i a m , Kansas. Not A v a i l a b l e N e w H a m p t o n B a n c s h a r e s , Inc., New H a m p t o n , M issouri, for p r ior a p p r o v a l to a c q u i r e a n d m e r g e w i t h S e c u r i t y B a n cshares, Inc., Albany, M i s s o u r i , p arent of Ba n k of G a l l a t i n , Galla t i n , M i s s o u r i . * Not A v a i l a b l e J a s o n B a n k shares, I n c . , Offerle, Kansas, for prior a p p r o v a l to a c q u i r e 80 p e r c e n t of the v o t i n g s h a r e s of T he B u c k l i n S t a t e Bank, Bucklin, Kansas.* Not A v a i l a b l e W a y n e R. and V i r g i n i a E. L. M c K i n n e y , Kearney, Nebra s k a , for p r i o r ap p roval to i n c r e a s e the i r p r o p o r t i o n a t e o w n e r s h i p of C i r c l e M a n a g e m e n t Company, Kearney, N e b r a s k a , by 6.52 p e r c e n t to 15.44 percent. Not A v a i l a b l e B r o o k e Holdings, Inc., Jewell, Kansas, for prior a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 97.93 p e r c e n t of the v o t i n g s h a r e s of C i t i z e n s State Bank, Jewell, Kansas.* N o v e m b e r 23, 1988 Federal Reserve Bank of Kansas City F i r s t B a n k H o l d i n g C o m p a n y of C o l o r a d o , L a k e w o o d , Colorado, for pr i o r a p p r o v a l to a c q u i r e 100 p e r c e n t of t h e v o t i n g shares of F i r s t B a n k of W e s t Vail, Vail, Colorado.* November 23, 1988 J o h n W. C o ots, S r . , P l a t t e City, M i s s o u r i , for p r i o r approval to i n c r e a s e hi s p r o p o r t i o n a t e o w n e r s h i p of W e l l s Bancsh a r e s , Inc., P l a t t e City, Missouri, by 8.57 p e r c e n t t o 2 8 . 5 7 percent. N o v e m b e r 17, 1988 J o h n C. B u m g a r n e r , Jr., Tulsa, O k l a h o m a , fo r p r i o r approval to increase his p roportionate o w n e r s h i p of W e s t e r n Nat i o n a l B a n c o r p o r a t i o n , Inc., Tulsa, Oklah o m a , b y 1 4 . 0 5 p e r c e n t to 23.58 percent. N o v e m b e r 18, 1988 S E C T I O N III ~ A P P L I C A T I O N S S U B J E C T T O F E D E R A L R E G I S T E R NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE A f f i l i a t e d B a n k s h a r e s of Colorado, Inc., D e n v e r , C o l o r a d o , for prior a p p r o v a l to e n q a q e de novo in sel l i n g c r e d i t life, disability, or i n v o l u n t a r y u n e m p l o y m e n t insurance and to e n q a q e de n o v o in insurance a g ency a c t i v i t i e s in a t o w n of less tha n 5 , 0 0 0 p e r s o n s . No t A v a i l a b l e Kansas N a t ional Bancorporation, Inc., G o o d l a n d , Kansas, for prior a p p r o v a l to e n o a q e de novo in p r o v i d i n g m a n a g e m e n t consul t i n g s e r v i c e s to d e p o s i t o r y i n stitutions and t o e n q a q e de n o v o in p r o v i d i n q to o t h e r s f i n a n c i a l l y related data p r o c e s s i n g an d d a t a t r a n s m i s s i o n services, f a c i l i t i e s , and data bases, or a c c e s s t o them. November 21, 1988 Federal Reserve Bank of Kansas City U n i t e d B a n k s of C olorado, Inc., D e n v e r , Colorado, for p r i o r a p p r o v a l to i n d i r e c t l y e n g a g e de n o v o in any i n s u r a n c e a c t i v i t y e n g a g e d in by a bank h o l d i n g c o m p a n y or a s u b s i d i a r y th a t w a s a p p r o v e d by the B o a r d p r i o r to J a n u a r y 1, 1971, and to i n d i r e c t l y e n g a g e de novo in p r o v i d i n g to others financially related data p r o c e s s i n g and data t r a n s m i s s i o n s e r v i c e s , faci l i t i e s , an d d ata b a s e s , or a c c e s s to t h e m t h r o u g h U n i t e d B a n k I n s u r a n c e Services, Inc., Denver, Colorado, w h o has e n t e r e d into a p a r t n e r s h i p joint venture agreement with Thompson & C o m p a n y I n s u r a n c e Services, Inc., P a s a d e n a , C alifornia. November 21, 1988 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION H o l l i s B a n c s h a r e s , Inc., Hollis, O k l a h o m a , for prior a p p r o v a l to r e d e e m 4,255 shares of its own v o t i n g c o m m o n stock. W e l l s Bancshares, I n c . , Platte C i t y , M i s souri, for p r i o r ap p r o v a l t o r e d e e m 600 shares of its own v o t i n g c ommon stock. C i r c l e M a n a g e m e n t Company, Kearney, N e b r a s k a , for prior a p p r o v a l to r e d e e m 3 , 1 9 8 shares of its o w n v o t i n g c o m m o n stock. ♦ A p p l i c a t i o n is s u b ject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 31, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 18(c) application received from Texas Bank, Weatherford, TX to merge with Texas Bank of Denton, Denton, TX 88/10/31 ♦Section 9 application received from Texas Bank, Weatherford, TX to establish a branch at 1013 University Drive, Denton, TX 88/10/25 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Sunwestern Investment Fund III, L. P., Dallas, TX to acquire an interest in Provident Bancorp of Texas, Inc., Dallas, TX 88/11/19 Change in Control Notice by Davis Venture Partners, L.P., Tulsa, OK to acquire an interest in Provident Bancorp of Texas, Inc., Dallas, TX 88/11/19 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Section 4(c)(8) de novo notification by Coble Bankshares, Inc., Hewitt, TX to engage in the activity of arranging mortgage loans for customers of financial institutions, including location of funding sources and processing of applications and other necessary documentation through Global Mortgage, Inc., Waco, TX NOTICE EXP 88/11/10 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 11/04/88 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice C.N. Bancorp, Limited, Taipei, Taiwan, Republic of China, and Williams-Augusta Acquisition Corp., San Francisco, California, respectively, to become bank holding companies through the acquisition of California National Bank, San Francisco, California. * Newspaper: Not available Fed. Rea.: 11/30/88 Mineral King Bancorp, Inc., Visalia, California, to become a bank holding company through the acquisition of Mineral King National Bank, Visalia, California. * Newspaper: Not available Fed. Rea.: 12/02/88 Moore Financial Group, Boise, Idaho, to acquire Community Bank of Renton, Renton, Washington. * Newspaper: 11/28/88 Fed. Rea.: 11/30/88 Siegel & Feldstein Voting Trust, Los Angeles, California, to increase voting shares from 20 percent to 35 percent of Griffin Holdings, Inc., Los Angeles, California. Newspaper: Not available Fed. Rea.: 11/28/88 Section III - Applications Subject to Federal Register Notice Only Security Pacific Corporation, Los Angeles, California, to acquire Burns Fry Hoare Govett, Inc., New York, New York, and engage in brokerage, advisor and private placement activities. Fed. Reg.: Not yet published Scandinavian Bank Group Pic, London, England, to acquire 50.5 percent of Cambridge International Partners, Inc., New York, New York, and engage in financial advice. Fed. Reg.: 11/30/88 Section III - Applications Subject to Federal Register Notice Only (Cont'd). Security Pacific Corporation, Los Angeles, California, to engage in underwriting and dealing in certain asset-backed securities to a limited extent through Security Pacific Securities, Inc., Los Angeles, California. Fed. Rea.: Not yet published Security Pacific Corporation, Los Angeles, California, to engage in underwriting and dealing in equity securities to a limited extent through Security Pacific Securities, Inc., Los Angeles, California. Fed. Rea.: Not yet published Security Pacific Corporation, Los Angeles, California, to engage in underwriting and dealing in certain ineligible debt securities to a limited extent through Security Pacific Securities, Inc., Los Angeles, California. Fed. Rea.: Not yet published The Sanwa Bank, Limited, Osaka, Japan, to engage in underwriting and dealing in mortgage related securities, municipal bonds, consumer related receivables, and commercial paper, securities brokerage and acting as investment/financial advisor, through Sanwa-BGK Securities Co., L.P., New York, New York. Fed. flea.: Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.