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• • ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1983 No. 39) Actions of t h e Board; Applications and Reports Received During the Week Ending October 1, 1983 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Boston Kingswood Bank Corp., Wolfeboro, New Hampshire, extension of time t o December 27, 1983, within which t o become a bank holding company through t h e a c q u i s i t i o n of Kingswood Trust and Savings Bank, Wolfeboro, New Hampshire. ]_/ Boston S t a t e S t r e e t Boston Corporation, Boston, Massachusetts, extension of time t o January 5, 1984, within which t o a c q u i r e through a purchased stock option 16.6 percent of t h e voting shares of Worcester Bancorp, I n c . , Worcester, Massachusetts. _]_/ New York 45-49 Court S t r e e t Bank, National A s s o c i a t i o n , Canton, New York, proposal to merge with The S t . Lawrence National Bank, Canton, New York; report t o the Comptroller of the Currency on competitive f a c t o r s . 1/ New York 7193 Main S t r e e t Bank, National A s s o c i a t i o n , Ovid, New York, proposal t o merge with The F i r s t National Bank of Ovid, Ovid, New York; r e p o r t to the Comptroller of the Currency on competitive f a c t o r s . J_/ New York C i t i c o r p , New York, New York, extension of time to November 1, 1984, within which t o make an additional investment in C i t i c o r p Overseas Finance Corporation N.V., O r a n j e s t a d , Aruba, Netherlands A n t i l l e s . J_/ Philadelphia Independent Bank and Trust Company, West Trenton, New J e r s e y , extension of time t o March 27, 1984, within which to e s t a b l i s h the approved but unopened Mercer County Airport o f f i c e to be located in Ewing Township, Mercer County, New J e r s e y . _]_/ V Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . % H.2, 1983 No. 39 - 2 - ACTIONS OF THE BOARD-Continued Philadelphia First National Bank of Bradford County, Towanda, Pennsylvania, proposed merger with The National Bank of Wyalusing, Wyalusing, Pennsylvania, under the charter and t i t l e of the former; report to the Comptroller of the Currency on competitive factors. 2 / Richmond First National Bankshares, I n c . , Emporia, Virginia, extension of time to December 29, 1983, within which to become a hank holding company through the a c q u i s i s i t i o n of The First National Bank of Emporia* Emporia, Virginia. V Atlanta South County Bank, Venice, Florida, an investment in hank premises. V Atlanta Peoples Bancshares of Pointe Coupee Parish, Inc., New Roads, Louisiana, extension of time to December 14, 1983, within which t o become a bank holding company through the a c q u i s i t i o n of Peoples Bank and Trust Company of Pointe Coupee Parish, New Roads, Louisiana. ] / Atlanta First National Bank of Jasper, Jasper, Alabama, proposed merger with First Jasper Interim Bank, N.A., Jasper, Alabama; report to the Comptroller of the Currency on competitive f a c t o r s . 2 / Atlanta E l l i s First National Bank in Tarpon Springs, Tarpon Springs, Florida, proposed merger with E l l i s Springs Bank, Tarpon Springs, Florida; report to the Comptroller of the Currency on competitive f a c t o r s . 2 / Chicago Bankers Trust Company, Des Moines, Iowa, an investment in hank premises. 2 / Chicago FMBK National Bank, Kenosha, Wisconsin, proposal to merge with The First National Bank of Kenosha, Kenosha, Wisconsin, under the charter of FNBK National Bank and t i t l e of The F i r s t National Bank of Kenosha; report to the Comptroller of the Currency on competitive f a c t o r s . 2 / 1/ Digitized for i FRASER Application processed on behalf of the Board of Governors under delegated authority. H . f , 1Q83 No. 39 - 3 ACTIONS OF THE BOAPD-Continued Chicago Land of Lincoln Bank, S p r i n g f i e l d , I l l i n o i s , proposal to merge with LL Bank, Springfield, I l l i n o i s , under the charter and t i t l e of Land of Lincoln Bank; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . J / Chicago Ann Arbor Trust Company, Ann Arhor, Michigan, proposal to merge with The Citizens Bank of Saline, Saline, Michigan, under the charter of Ann Arbor Trust Company and t i t l e of Citizens Trust; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . J / Chicago First Lacon Corp., Lacon, I l l i n o i s , extension of time to December 23, 1983, within which to become a bank holding company through the acquisition of 80 percent or more of the voting shares of The First National Bank of Lacon, Lacon, I l l i n o i s . 2 / S t . Louis First Citizens National Bank, Tupelo, M i s s i s s i p p i , proposal to purchase certain a s s e t s and assume certain l i a b i l i t i e s of the S t a r k v i l l e , Mississippi branch of Bank of Mantee, Mantee, Mississippi; report to the Comptroller of the Currency on competitive f a c t o r s . 1/ St. Louis Midland Bank & Trust Company, Memphis, Tennessee, proposed merger with First Trust and Savings Bank, Paris, Tennessee; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . 1/ St. Louis Security Capital Corporation, B a t e s v i l l e , M i s s i s s i p p i , extension of time to January 23, 1984, within which to become a bank holding company through the a c q u i s i t i o n of the successor by merger to Patesv i l l e Security Bank, B a t e s v i l l e , M i s s i s s i p p i . V St. Louis First City Bank and Trust Company, Kentucky, proposal to merge with Bank, Pembroke, Kentucky; report Deposit Insurance Corporation on f a c t o r s . 1/ J7 Hopkinsville, United Peoples to the Federal competitive Application processed on behalf of the Board of Governors under delegated authority. H.?, No. 39 - 4 . ACTIONS OF THE BOARD-Continued St. l o m s First Fordyce Bancshares, I n c . , Fordyce, Arkansas, extension of time to January 13, 1984, within which tn become a hank holding company through the acquisition of the successor by merger to The First National Bank of Fordyce, Fordyce, Arkansas. ] / Kansas City Pathfinder Bancshares, I n c . , Fremont, Nebraska, extension of time to January 8, 1984, within which to acquire Fremont National Bank & T r u s t , Fremont, Nebraska. 2 / francisco Pacific Regency Bank, a proposed new bank, El Toro, California* proposed acquisition of a s s e t s and assumption of l i a b i l i t i e s of Valencia Bank, Placentia, California; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . 2 / r ffncisco I'P&T Bancorp, Bountiful, Utah, extension of time to Janauary A* 1984$ within which to become a bank holding company through the acquisition of Utah Bank & Trust, Bountiful, Utah. ] / San harcisco Central Bank of Glendale, Glendale, California, proposed acquisition of the Palm Springs Branch of Heritage Bank, Anaheim, California; report to the Federal Deposit Insurance Corporation on competitive factors. V francisco Valley Bank of Nevada, Las Vegas, Nevada, extension of time to April 2, 1984, within which to e s t a b l i s h a branch o f f i c e to be located at Mill Street and Corporation Boulevard in Reno, Nevada, 2 / Deregistration for Western Electric L.A. Employees Credit Union, Los Angeles, California. 1/ 1/ icat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y . i 5 - H.?, 1983 No. 39 ACTIONS OF THE BOARD-Continued To Establish a Domestic Branch Pursuant to Section 9 of t h e Federal Reserve Act Richmond Approved Union Trust Company of Maryland, Baltimore, Maryland. To e s t a b l i s h a branch at Commerce Center, Hooks Lane and Reisterstown Road, Baltimore County, Maryland. ] / Richmond Union Trust Company of Maryland, Baltimore, Maryland. To e s t a b l i s h a branch at 5040 Sinclair Lane, Baltimore, Maryland. ] / New York European American Bank & Trust Company, New York, New York. To e s t a b l i s h a branch o f f i c e at FAB Plaza, Uniondale, New York. J J New York F i d e l i t y Union Bank, Newark, New J e r s e y . To e s t a b l i s h 45 o f f s i t e e l e c t r o n i c f a c i l i t i e s in New Jersey. 1/ * * * * * To Become a Member of the Federal Reserve System Pursuant t o Section 9 of t h e Federal Reserve Act Richmond Approved Community Bank & Trust Company of V i r g i n i a , S t e r l i n g , Virginia. Virginia * * * * * Applications and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t ments and Other Actions Pursuant t o Sections 25 and 25(a) of t h e 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 Chicago Approved Continental I l l i n o i s National Bank and Trust Company of Chicago, Chicago, I l l i n o i s : g r a n t s consent to make an a d d i t i o n a l investment in Continental I l l i n o i s Bank, Toronto, O n t a r i o , Canada. H.?, 1983 No. 39 - 6ACTIONS OF THE BOARD-Continued New York Sixty Pay N o t i f i c a t i o n Period Allowed t o Expire C i t i b a n k , N.A., New York, New York: no objection t o acquire 4Q percent of the voting shares of Grind!ays Holdings p . l . c . , London, England in exchange f o r &9 percent of the voting shares of Grindlays Bank p . l . c . , London, England. * * * * To Form a Bank Holding Company Pursuant to Section 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 San Francisco Cleveland Cleveland Withdrawn Bank Hapoalim, B.M., Tel Aviv, I s r a e l , f o r approval t o acquire 100 percent of the voting shares of Hapoalim C a l i f o r n i a Bank, Los Angeles, C a l i f o r n i a . Approved Farmers National Bancorp of Cynthiana, I n c . , Cynthiana, Kentucky, f o r approval to acquire at l e a s t 8& percent of the voting shares of The Farmers National Bank of Cynthiana, Cynthiana, Kentucky. 2 / United Bancorp, I n c . , Martins F e r r y , Ohio, for approval to acquire 100 percent of the voting shares of The C i t i z e n s Savings Bank, Martins Ferry, Ohio. V Atlanta Community Banking Corporation, Bradenton, F l o r i d a , for approval t o acquire at l e a s t 80 percent of the voting shares of Community Bank of Manatee, Bradenton, F l o r i d a . 2 / Atlanta Dawson Bancshares, I n c . , Dawson, Georgia, f o r approval t o acquire 100 percent of the voting shares of Bank of Dawson, Dawson, Georgia, ]_/ Atlanta F i r s t City Bancorp, I n c . , G a i n e s v i l l e , F l o r i d a , for approval to acquire at l e a s t 80 percent or more of t h e voting shares of F i r s t City Bank of G a i n e s v i l l e , G a i n e s v i l l e , F l o r i d a . 1/ 1/ " Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.P, 1983No. 39 - 7 ACTIONS OF THE BOARD-Continued At!anta Florida Central Banks, I n c . , Chipley, F l o r i d a , f o r approval t o a c q u i r e 97.0 percent of the voting shares of Bank of Washington County, Chipley, F l o r i d a , J_/ Atlanta Florida Community Banks, I n c . , Bonifay, F l o r i d a , f o r approval t o acquire 97.8 percent of the shares of F i r s t Bank of Holmes County, Bonifay, Florida. 2/ Chicago B and K Bancorporation, I n c . , Hampton, Iowa, f o r approval t o acquire 100 percent of the voting shares of Iowa Bank & Trust Company, Bloomfield, Iowa (formerly Exchange Bank). 1J Chicago Guaranty Bankshares, L t d . , Cedar Rapids, Iowa, tor approval t o a c q u i r e 80 percent of the voting of Guaranty Bank and Trust Company, Cedar Rapids, Iowa. V Chicago Logansport Bancorp, I n c . , Logansport, Indiana, f o r approval to acquire 100 percent of the voting shares of The Farmers and Merchants S t a t e Bank, Logansport, Indiana. V Chicago Wainwright Financial Corporation, N o b l e s v i l l e , Indiana, f o r approval to acquire 100 percent of t h e voting shares of the successor by merger t o Wainwright Bank and Trust Company, N o b l e s v i l l e , Indiana. 2 / S t . Louis F i r s t I l l i n o i s Bancorp, I n c . , f o r approval t o acquire at the voting shares of F i r s t Chester, Chester, I l l i n o i s . S t . Louis United D a n v i l l e , I n c . , D a n v i l l e , Kentucky, tor approval t o acquire 94.6575 percent of the voting shares of Bank of Danville, D a n v i l l e , Kentucky. ]_/ Minneapolis Tri County Investment Company, Chamberlain, South Dakota, f o r approval to acquire 100 percent of t h e voting shares of Tri County S t a t e Bank Holding Company, I n c . , Chamberlain, South Dakota and i n d i r e c t l y acquire Tri County S t a t e Bank, Chamberl a i n , South Dakota. ]_/ 2/ Manchester, Missouri, l e a s t 80 percent of National Bank in ]_/ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . voting shares 1983 No. 39 - 8 - ACTIONS OF THE BOARH-Continued Kansas City American Exchange Bancorp, I n c . , Norman, Oklahoma, for approval t o acquire at l e a s t 80 percent of the voting shares of American Exchange Bank and Trust Company, Norman, Okl ahoma. _]_/ Kansas City City Bancshares, I n c . , Fort Scott, Kansas, for approval t o acquire at l e a s t 80 percent of t h e voting shares of City State Bank, Fort Scott, Kansas. ] / Kansas City First Carmen Bancshares* I n c . , Carmen, Oklahoma, for approval to acquire at l e a s t 80 percent of the voting shares of First National Bank in Carmen, Carmen, Oklahoma. Kansas City First Fowler Bancorp, I n c . , Fowler, Colorado, for approval t o acquire 100 percent of the voting shares of F i r s t National Bank of Fowler, Fowler, Colorado. 1/ Kansas City First Gage Bancorporation, I n c . , Gage, Oklahoma, for approval t o acquire at l e a s t 80 percent of the voting shares of First State Bank of Gage, Gage, Oklahoma. Kansas City First Sallisaw Bancshares, I n c . , Sallisaw, Oklahoma, for approval to acquire at l e a s t 80 percent of the voting shares of First National Bank, Sallisaw, Oklahoma. Kansas City First Seminole Bancorporation, I n c . , Seminole, Oklahoma, f o r approval to acquire at l e a s t 80 percent of t h e voting shares of F i r s t National Bank of Seminole, Seminole, Oklahoma. Kansas City H i g g i n s v i l l e Bancshares, I n c . , H i g g i n s v i l l e , Missouri, for approval t o acquire 100 percent of t h e voting shares of Higginsville State Bank, H i g g i n s v i l l e , Missouri. U Kansas City The Mitch Corporation, Mitchell, Nebraska, for approval t o acquire at l e a s t 91 percent of the voting shares of First National Bank in M i t c h e l l , Mitchell, Nebraska. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.?, W 3 No. 3^ - 9 ACTIONS OF THE ROARD-Continued Kansas City Northwest Bancshares, Inc., Woodward, Oklahoma, for approval to acquire 100 percent of the voting shares of Bank of the Northwest, Woodward, Oklahoma. ] / Kansas City Sand Springs Bancshares, Inc., Sand Springs, Oklahoma, f o r approval to acquire at l e a s t 80 percent of the voting shares of First Bank and Trust Company, Sand Springs, Oklahoma. Kansas City Webb Bancshares, I n c . , Highland, Kansas, for approval to acquire at l e a s t AO percent of the voting shares of The Farmers State Bank of Highland, Highland, Kansas. J / Dallas Mineola Bancshares, I n c . , Mineola, Texas, for approval to acquire 100 percent of the voting shares of Mineola S t a t e Bank, Mineola, Texas. ]_/ Dallas Pecos County Bancshares, I n c . , Fort Stockton, Texas, f o r approval to acquire 100 percent of the voting shares of The Pecos County S t a t e Bank, Fort Stockton, Texas. 2 / Kansas City Denied Holcomb Bancshares, I n c . , Ellsworth, Kansas, for approval to acquire 100 percent of the voting shares of First National Bank of Holcomb, Holcomb, Kansas. * * * * * To Expand a Rank Holding Company Pursuant t o Section 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956 Richmond 1/ Approved First Community Bancshares, I n c . , Princeton, West V i r g i n i a , f o r approval to acquire 100 percent of the voting shares of Adrian Buckhannon Bank, Buckhannon, West Virginia. ] / ApplTc a tTon processed on behalf of the Board of Governors under delegated authority. ^10(f TK BOARB-Continufd f^rst C t ^ u n t y ^ancshares, I n c . , Princeton, West Virginia, for approval to acquire 100 percent the voting shares of Upshur National Bank, rbfyharnon. West Virginia. J / (me Valley Bancorp of West Virginia, Inc., Charlesfon, West Virginia, for approval to acquire 100 percent of the voting shares of One Valley National Bank of Kanawha City, Charleston, West Virginia. ] / Atlanta A f r i c a n Banks of Florida, Inc., Jacksonville, Florida, for approval to acquire 100 percent of the voting shares of Flagship National Bank of Alachua County, Gainesville, Florida. 2 / Atlanta E l l i s Banking Corporation, Bradenton, Florida, for approval to acquire a s s e t s and assume certain l i a b i l i t i e s of Jacksonville National Bank, J a c k s o n v i l l e , Florida. V At lanf a f i r s t Bancshares Corporation of I l l i n o i s , Alton, I l l i n o i s . tor approval to acquire 100 percent of the voting shares of Airport National Bank, Befhaltn, 11 1inois. J / St. Louis Helta Bancshares Company, St. Louis, Missouri, for approval to acquire at l e a s t 45.25 percent of the voting shares of Eureka Bank, Eureka, Mi s s o u r i . 2 / Kansas City Clarke, I n c . , P a p i l l i o n , Nebraska, for approval to acquire 100 percent of the voting shares of The Mitch Corporation, Mitchell, Nebraska and ind i r e c t l y First National Bank in Mitchell, Mitchell, Nebraska. ] / Kansas Cify Pawson Corporation, Lexington, Nebraska, for approval to acquire 73 percent of the voting shares of Mitch Corporation, Mitchell, Nebraska. 1/ Kansas City 1/ I & B, Inc., Cherryvale, Kansas, for approval to acquire at l e a s t ?4.9 percent of the voting of City Bancshares, Inc., Fort Scott, Kansas and indirectly acquire City State Bank, Fort Scott, Kansas. 1/ Application processed on behalf of the Board of Governors under delegated authority. The shares H.?, MPJNn. ?o - 11 ACTIONS OF THE BOARD-Continued Dallas Grand Bancshares, I n c . , D a l l a s , Texas, f o r approval t o acquire 100 percent of t h e voting shares of Grand Bank Airport Freeway at Highway 157, N.A., Bedford, Texas. 2 / Dallas Independent Bankshares, I n c . , Abilene, Texas, for approval t o acquire 100 percent of the voting shares of F i r s t State Bank of Odessa, N.A,, Odessa, Texas, a proposed new bank. ] / Dallas Landmark Financial Group, I n c . , Fort Worth, Texas, f o r approval t o acquire 100 percent of the voting shares of Arlington Heights Bank of Fort Worth, Fort Worth, Texas. V San Francisco F i r s t Northwest Bancorporation, S e a t t l e , Washington, f o r approval to acquire 100 percent of the voting shares of Cascade Security Bank, Enumclaw, Washington. 1/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 San Francisen Chicago Kansas City 1/ Withdrawn Bank Hapoalim, B.M., Tel Aviv, I s r a e l , f o r approval to engage de novo in investment advising and l e a s i n g through i t s s u b s i d i a r y , Ampel-American I s r a e l Corporation, New York, New York. Approved Union Bancorp I n c . , Grand Rapids, Michigan, for approval t o acquire 100 percent of the voting shares of Bankers Leasing S e r v i c e s , I n c . , S o u t h f i e l d , Michigan. 2 / Sherman County Management, I n c . , Loup C i t y , Nebraska, for approval t o r e t a i n c e r t a i n a s s e t s of a general insurance agency, Skotchdopole Agency, I n c . , Ravenna, Nebraska. 1/ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 19R3 No. 39 - 1 2 - ACTIONS OF THE BOARO-Continued Boston Permitted Fl e e t Financial Group, I n c . , Providence, Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( ( i ) t h e o r i g i n a t i o n and s a l e of r e s i d e n t i a l and commercial mortgage loans and loans secured by j u n i o r l i e n s on r e s i d e n t i a l real e s t a t e and ( i i ) the s e r vicing of r e s i d e n t i a l and commercial mortgage loans and loans secured by j u n i o r l i e n s on r e s i d e n t i a l real e s t a t e ) a t 1370 Niagra F a l l s Boulevard, Tonawanda, New York, serving E r i e , Genesee, Monroe, Niagra, Orleans and Wyoming counties in New York, through i t s d i r e c t s u b s i d i a r y , Fleet Mortgage Corp. (10/1/83) 2 / Boston Old Stone Corporation, Providence, Rhode I s l a n d , not i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (in the underwriting of c r e d i t l i f e and c r e d i t a c c i dent and h e a l t h insurance w r i t t e n in connection with e x t e n s i o n s of c r e d i t by an a f f i l i a t e d bank holding company s u b s i d i a r y , UniMortgage Corporation of MN) serving the S t a t e of Minnesota, through i t s i n d i r e c t s u b s i d i a r y , The Motor Life Insurance Company (10/1/83) V Boston Old Stone Corporation, Providence, Rhode I s l a n d , not i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (in t h e o r i g i n a t i o n , s a l e and s e r v i c i n g of second mortgage l o a n s ; t h e s a l e of c r e d i t l i f e and c r e d i t accident and h e a l t h insurance which, pursuant t o concurrent approval shall be underwritten by an a f f i l i a t e d bank holding company s u b s i d i a r y , Motor L i f e Insurance Company) at 2950 Metro Drive, Bloomington, Minnesota, serving t h e g r e a t e r metrop o l i t a n area of the City of Bloomington, Minnesota and S t . Paul and Hennepin County, through i t s i n d i r e c t s u b s i d i a r i e s , UniMortgage Corporation of MN and The American Standard Insurance Agency (10/1/83) 3/ Boston Shawmut Corporation, Boston, Massachusetts, n o t i f i c a t i o n of i n t e n t t o r e l o c a t e de novo a c t i v i t i e s (in insurance agency a c t i v i t i e s for the s a l e of c r e d i t l i f e and c r e d i t accident and health insurance sold in connection with extensions of c r e d i t ) from 446 Main S t r e e t , Worcester, Massachusetts t o One Federal S t r e e t , Boston, Massachusetts, a d i s t a n c e 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegatd a u t h o r i t y . ACTIONS OF THE BOARD-Continued of approximately 40 m i l e s , serving the Commonwealth of Massachusetts, through i t s indirect s u b s i d i a r y , Womat Insurance Agency, I n c . , Worcester, Massachus e t t s (Wornat: to be renamed Shawmut Insurance Agency, Inc.) (10/1/83) 2 / New York Barclays Bank PLC and Barclays Bank International Ltd., both of London, England, request permission t o relocate two o f f i c e s engaging in t h e following a c t i v i t i e s (making direct consumer loans, including loans secured by real e s t a t e , and purchasing s a l e s finance contracts representing extensions of credit such as would be made or acquired by a consumer finance company, and wholesale financing [ f l o o r planning] and acting as agent for the sale of related credit l i f e , credit accident and health and credit property insurance; credit l i f e and credit accident and health insurance sold as agent may be underwritten or reinsured by the insurance underwriting subsidiaries of BarclaysAmericanCorporation) from 1199 Northwest Wall S t r e e t , Bend, Oregon to Suite 7, Deschutes Business Center, 20370 Anderson Road, Bend, Oregon and from 852 West Oglethorpe Avenue, Albany, Georgia t o 407 Sands Drive, Albany, Georgia, through t h e i r subsidiary, Barclays American/Financial, Inc. ( 9 / 2 4 / 8 3 ) 3/ Chicago First Chicago Corporation, Chicago, I l l i n o i s , notif i c a t i o n of intent to engage in de novo a c t i v i t i e s (in performing or carrying or any one or more of the functions or a c t i v i t i e s that may be performed or carried on by a trust company including a c t i v i t i e s of a f i d u c i a r y , agency or custodial nature) at Three First National Plaza, Chicago, I l l i n o i s , through i t s subsidiary, First Chicago Investments Advisers, National Association (9/27/83) 3/ 3/ ~~ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.f, ^ UF THF BOAkD - Continued r Nomwest f nr^oraf ion, Minneapolis, Minnesota, n o t i f i c a t i o n nf intent to relocate de novo a c t i v i t i e s (in the of consumer finance, s a l e s finance and finance, the s a l e of credit l i f e * c r e d i t accment an# health and property and credit-related casualty insurance related to extensions of credit M company. such s a l e of c r e d i t - r e l a t e d insurance being a permissible a c t i v i t y under subparagraph D of i n : r VI of the Garn-St Germain Depository I n s t i t u t i o n s A(t <*f HHP, and (he o f f e r i n g for sale and s e l l i n g of travelers checks) from 192? Remount Road, North Charleston, south Carolina to 217) A Ashley Phosphate Woac* Mrth Charleston, South Carolina, upon relocation, saM o f f i c e will serve North Charleston, South Carolina; Cf *rl* st<»n, South Carolina; and other nearby suburbs of Charleston, South Carolina* through i t s subsidiary, Financial <outh Carolina, Inc. (9/2P/83) 3/ ^an»freriLa Corporation, San Francisco, California, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring for i t s own acftuni loans and other extensions of credit such as toulo be made or acquired by a finance company; servicing loans and other extensions of c r e c i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance, c r e d i t - r e l a t e d accident and health :K„rance a no c r e d i t - r e l a t e d property insurance; the aforementioned types of c r e d i t - r e l a t e d insurance are permisible under Section 4(c)(8)(D) of The Pank Holding Company Act of 1956, as amende# by the Garn-St Germain Depository i n s t i t u t i o n s Act of 19H2 and Section 2 of the Pennsylvania Act of the General Assembly 1974 114/, %o. ?hS,l (40 P.S. 281)); such a c t i v i t i e s w?11 include, but not be limited t o , making (ensumer installment loans, purinstallment s a l e s finance contracts, i uans and other extensions of credit Tr hus;n< s $ e s , making loans and other exteno? s^cureo by real and personal tf . ann o f f e r i n g c r e d i t - r e l a t e d l i f e , t f * / ^ - f t - l d t e d accident and health and c r e d i t property insurance d i r e c t l y related to ; reo*t made or acquired by Fi C^r^^er Discount Company; c r e d i t anfi crpdit-related accident and : ncMfifalur,n ^ r cussed ^y Reserve Bank on behalf of the c e h ^ t M * authcrity. W+/. Wr: -IS. OK HOARD - Continued health insurance p;ay he reinsured by BA Insurance for ^any, i r e , an a f f i l i a t e of FinanceAcer ica fons*#*er Discount Company) in Bethlehem, *onroevi H e , and Scranton, Pennsylvania, each q M i c e will serve the e n t i r e State of Pennsylvania, through i t s indirect subsidiary, HnanceAn-eriea Consumer Discount Company (a Pennsylvania Corporation) (9/30/83) 3/ Sar franc kanfA$re':ca Corporation, San Francisco, California, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s fira*iry or s q u i r i n g for their own account loans and other ektenstens of c r e d i t such as would be made or acquired by a finance company; servicing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident and health insurance; tn*» aforementioned types of c r e d i t - r e l a t e d insurance are permissible under Section 4(c)(8)(A) of the Rant Holding Company Act of 1956, as amended by the Garn-St Germain Depository I n s t i t u t i o n s Act of c r e d i t - r e l a t e d property insurance will not be offered in e i t h e r the State of Kentucky or Indiana; si,c^ a c t i v i t i e s will include, but not be limited t o , mating loans ana other extensions of credit to businesses, making loans secured by real and personal property, purchasing installment s a l e s finance cont r a c t s , and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t related accident and health insurance d i r e c t l y related to extensions of credit made or acquired by both corporations; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d accident and health insurance may be reinsured by RA Insurance Company, I n c . , an a f f i l i a t e of both corporations) at 1250 Bardstown Road, L o u i s v i l l e , Kentucky; both corporations will serve the entire States of Kentucky and Indiana, through i t s indirect s u b s i d i a r i e s , f inanceAmerica Corporation and FinanceAmerica Loan and Investment Company (both Kentucky corporations) (9/30/83) 2 / n o t i f i c a t i o n processed by Reserve Bank on behalf of the Po„rd of Governors under delegated authority. H.P, 1<W3 No, ?9 - 16 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act New York Chemical Bank, New York, New York. To e s t a b l i s h a branch at Jefferson Valley Mali, J e f f e r s o n Valley, Town of Yorktown, County of Westchester, New York. 2 / Richmond Union Trust Company of Maryland, Baltimore, Maryland. To e s t a b l i s h a branch at 101-102 Baltimore Annapolis Blvd., Anne Arundel County, Maryland. jY * * * * * To Become a Member of t h e Federal Reserve System Pursuant t o Section 9 of the Federal Reserve Act Kansas City Bank of Aurora, Aurora, Colorado. Dallas Independence Bank, Piano, Texas, j?/ * * * * * Applications and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l Investments and Other Actions Pursuant t o Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) , 4 ( c ) ( 1 3 ) and 4(c)(14) of the Bank Holding Company Act of 1956, as amended Chicago F i r s t Chicago Corporation, Chicago, I l l i n o i s , p r i o r n o t i f i c a t i o n of i t s i n t e n t t o e s t a b l i s h an export t r a d i n g company, F i r s t Chicago Trading Company, which will in t u r n i n v e s t in a j o i n t venture export t r a d i n g company, Sears - F i r s t Chicago Trading Company. San Francisco U.S. Bancorp, Portland, Oregon, p r i o r n o t i f i c a t i o n of i t s i n t e n t to e s t a b l i s h an export t r a d i n g company, U. S. World Trade Corporation. * 2/ ~ * * * * Application subject to Community Reinvestment Act. The Community Affairs Officer of the a p p l i c a b l e Reserve Bank may be contacted as to the length of the comment period. * H.7, H83 No. 39 -17APPLICATIONS RECEIVED - Continued To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o Section 25 of the Federal Reserve Act Philadelphia The P h i l a d e l p h i a National Bank, P h i l a d e l p h i a , Pennsylvania: p r i o r n o t i f i c a t i o n of i t s i n t e n t t o e s t a b l i s h a branch in London, England. * * * * * To Form a Bank Holding Company Pursuant t o Section 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 New York Community Bank System, I n c . , Canton, New York, f o r approval t o acquire 100 percent of t h e voting shares of t h e successors by merger to The S t . Lawrence National Bank, Canton, New York, and The F i r s t National Bank of Ovid, Ovid, New York. 2/ Atlanta F i r s t C i t i z e n s Corporation, Oneonta, Alabama, for approval t o acquire 100 percent of the voting shares of The C i t i z e n s Bank, Oneonta, Alabama. 2/ Chicago B and K Bancorporation, I n c . , Hampton, Iowa, for approval t o a c q u i r e 100 percent of the voting shares of Iowa Bank & Trust Company, Bloomfield, Iowa (formerly Exchange Bank). 2/ Chicago Columbia National Bancorp, I n c . , Chicago, I l l i n o i s , f o r approval t o acquire 100 percent of the voting shares ( l e s s d i r e c t o r s ' q u a l i f y i n g shares) of successor by merger to Columbia National Bank of Chicago, Chicago, I l l i n o i s . 2/ Chicago Harvard Bancorp., I n c . , Harvard, I l l i n o i s , for approval to acquire a t l e a s t 80 percent or more of the voting shares of The Harvard S t a t e Bank, Harvard, I l l i n o i s . 2/ S t . Louis FABC0 Sub, I n c . , L i t t l e Rock, Arkansas, for approval to a c q u i r e 100 percent of Pope County Bankshares I n c . , and i n d i r e c t l y control of 98.9 percent of the voting shares of Peoples Bank and Trust Company, both of R u s s e l l v i l l e , Arkansas. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as t o the length of t h e comment p e r i o d . H.?, 1983 No. 39 - 1 8 - APPLICATIONS RECEIVED - Continued S t . Louis S t a t e National Bancorp of F r a n k f o r t , I n c . , F r a n k f o r t , Kentucky, for approval t o acquire 100 percent of the voting shares of the successor by merger to The S t a t e National Bank of F r a n k f o r t , F r a n k f o r t , Kentucky. 2J Mi nneapoli s Truman Bancshares, I n c . , Truman, Minnesota, for approval t o acquire 97 percent of the voting shares of Peoples S t a t e Bank of Truman, Incorporated, Truman, Minnesota. 2/ Kansas City The C i t i z e n s S t a t e Bank and C i t i z e n s Holding Corporation Employees' Stock Ownership Plan, both located in Keenesburg, Colorado, for approval t o i n c r e a s e , p a s s i v e l y , i t s ownership of C i t i z e n s Holding Corporation, Keenesburg, Colorado, from 24.90 percent to 41.46 p e r c e n t . 2J Kansas City P l a i n v i l l e Bancshares, I n c . , P l a i n v i l l e , Kansas, for approval t o acquire at l e a s t 80 percent of the voting shares of P l a i n v i l l e S t a t e Bank, P l a i n v i l l e , Kansas. jY Dal las Western Commerce Bancshares of Carlsbad, I n c . , Carlsbad, New Mexico, f o r approval t o acquire at l e a s t 80 percent of t h e voting shares of Western Commerce Bank, Carlsbad, New Mexico. 2] San Franci sco National American Bancorp, San Francisco, C a l i f o r n i a , f o r approval to acquire 100 percent of the voting shares of National American Bank, San Francisco, C a l i f o r n i a , a proposed new bank. San Franci sco S. H. Resources and Development Corporation, Los Angeles, C a l i f o r n i a , H. S. Holding Company, L t d . , Tel Aviv, I s r a e l , and Corporation f o r I n t e r n a t i o n a l Agricultural Production Limited, Ramat-Gan, I s r a e l , f o r approval t o acquire 80.4 percent of t h e voting shares of Empire State Bank of Layton, Layton, Utah. 2/ San Francisco SJNB Financial Corp., San J o s e , C a l i f o r n i a , for approval t o acquire 100 percent of the voting shares of San Jose National Bank, San J o s e , C a l i f o r n i a . 2] San Francisco T r a n s - P a c i f i c Bancorp, San Francisco, C a l i f o r n i a , for approval t o acquire 100 percent of the voting shares of T r a n s - P a c i f i c National Bank, San Francisco, C a l i f o r n i a , a proposed new hank. 2/ 2/ Application s u b j e c t t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted as to the length of the comment p e r i o d . H.2, ) No. 39 -19APPLILATIOXS RECEIVED - Continued To Expand a Bank Holding Company Pursuant to Section 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956 Chn FIRST OAK BROOK BANCSHARES, INC., Oak Brook, I l l i n o i s , for approval to acquire at l e a s t 95.2 percent or more of Warrenvil!e Bank and Trust Co., Warrenville, IIlinois. 2/ St. Louis First Arkansas Bankstock Corporation, L i t t l e Rock, Arkansas, for approval to acquire FABCO Sub, Inc., L i t t l e Rock, Arkansas and indirectly 100 percent of Pope County Bankshares, Inc. and i n d i r e c t l y control 98.9 percent of the voting shares of Peoples Bank and Trust Company, both of R u s s e l l v i l l e , Arkansas. 2/ Minneapolis Intermountain Bancorporation, Columbia F a l l s , Montana, for approval to acquire 91.25 percent of the voting shares of Treasure S t a t e Bank of Glasgow, Glasgow, Montana. 2 / Kansas City American Bank Corporation, Denver, Colorado, for approval to acquire 100 percent of the voting shares of American Bank of Eastridge, N.A., Casper, Wyoming, a proposed new bank. J?/ Pallas Independent Bankshares, I n c . , Abilene, Texas, for approval to acquire 100 percent of the voting shares of First State Bank of Odessa, N.A., Odessa, Texas, a proposed new bank. 2/ * * * * * To Expand a Rank Holding Company Pursuant to Section 4(c)(P) of the Bank Holding Company Act of 1956 New York Barclays Bank PLC and Barclays Bank International Limited, both located in London, England, request permission to relocate an o f f i c e engaging in the following a c t i v i t i e s (making direct consumer loans, including loans secured by real e s t a t e , and purchasing s a l e s finance contracts representing extensions of credit such as would be made or acquired by a consumer finance company, and wholesale financing [ f l o o r planning] and acting as 2/ ^ [ p l i c a t i o n subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as fo the length of the comment period. RFCHVtU - Continued *: f c f related credit l i f e , credit re f^a^th and credif property insurance; * * if mc r r e d i t accident and heal th i n s u r e ( snW as agent ray be underwritten or re;;sun c PdM lays' insurance underwriting subs i d i a r i e s ! fro*" f l i t Cosgrove Avenue, Charleston South Carolina to Skylark O f f i c e Park, 2040 Savannah M*,hway, Charleston, South Carolina, through i t s si/~<Miary, BarclaysAmerican/Financial, inc. (9/30/83) ^ i % ^her'ica) New York Corporation, Mew York, New York, for approval fn a cqui r e , through i t s newly-organized s ^ s i d i a r y . ASX, I n c . , 100 percent of the partnership i n t e r e s t s ir Alexander, Scriver and A s s o c i a t e s , Denver, Colorado, and thereby to engage in nonbanking a c t i v i t i e s . C i t i c o r p , New York, New York, for approval to engage through i?s s u b s i d i a r y , Citicorp Futures Corporation in the n . ^ u t i o r and clearance of c e r t a i n options on futures cor!raet< ann on the underlying commodities and financial instruments on major commodity exchanges, in the execution anr clearance of c e r t a i n non-equity options on major s e c u r i t i e s exchanges. Norstar Bancorp I n c . , Albany, New York, for approval to e>;and the s e r v i c e area of i t s s u b s i d i a r y , N o r l i f e Reinsurance Company, to include reinsurance of c r e d i t l i f e and accident and health insurance sold in connection witr e x t e n s i o n s of c r e d i t by i t s subsidiary banks in the State Af Maine. F.N.8. Corporation, Hermitage, Pennsylvania, for approval to acquire the finance r e c e i v a b l e s and equipment, retain the personnel, and assume the l e a s e o b l i g a t i o n s of f i v e o f f i c e s of Carson Consumer Discount Company, Wellsboro, Pennsylvania. Marshall & I l l s l e y Corporation, Milwaukee, Wisconsin, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n the o r i g i n a t i n g , acquiring, s e l l i n g and servicing r e s i d e n t i a l and commercial mortgage loans for i t s own account or f o r the account of o t h e r s , as well as making construction and development mortgage loans and performing such incidental a c t i v i t i e s necessary t o conducting a mortgage nanking b u s i n e s s ) at 11 West Main S t r e e t , MadMon, Wisconsin, and the geographic scope will be the SO States of the United S t a t e s , through i t s s u b s i d i a r y , M # I Mortgage Company, Inc. ( 9 / 1 7 / 8 4 ) HUP, MP: 21 APOLJCAlIrNS RECEIVED - Continued I in^ourry Han c r p . , I n c . , Troy, Missouri, n o t i f i c a t i o n of i n t e n t to engage in dp novo a c t i v i t i e s (in a c t i n g as aue;+ f o r "he s a l e of c r e d i t l i f e , accident and h e a l t h irsu^a^ce d i r e c t l y r e l a t e d to i t s two s u b s i d i a r y banks' p y f ' r s i o n s of c r e d i t ) t h e s e a c t i v i t i e s would he performed in t h e c i t i e s of Troy, Hawk Point and Winfield, Missouri and the surrounding rural areas (9/22/83) Dal las Coronado Bancshares, I n c . , El Paso, Texas, n o t i f i c i a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (to engage d i r e c t l y in consumer and commercial lending a c t i v i t i e s including the extension of d i r e c t loans to commercial b u s i n e s s e s ; d i r e c t loans t o i n d i v i d u a l s ; t h e purchase of r e t a i l and commercial i n s t a l l m e n t notes or c o n t r a c t s r e c e i v a b l e and any o t h e r extension of c r e d i t which would be made by a commercial l e n d e r , including s e r v i c i n g such loans f o r o t h e r s ) t h e s e a c t i v i t i e s would be performed in El Pa so, Hudspeth and Culberson Counties in Texas, and Dona Ana County in New Mexico (9/26/83) San Francisco F i r s t I n t e r s t a t e Bancorp, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (in making or acquiring loans and other extensions of c r e d i t , such as commercial loans secured by a borrower's i n v e n t o r y , accounts r e c e i v a b l e or other a s s e t s , and s e r v i c i n g loans) in the S t , Louis, Missouri a r e a , serving the Midwestern S t a t e s , through i t s s u b s i d i a r y , F i r s t I n t e r s t a t e Commercial Co rpo r a t i on (9/30/83) San Francisco F i r s t P a c i f i c Investments Limited, C e n t r a l , Hong Kong, f o r approval to engage de novo in l e n d i n g , loan s e r v i c i n g and s a l e of c r e d i t - r e l a t e d l i f e , h e a l t h , accident and unemployment insurance through a d i r e c t s u b s i d i a r y , P a c i f i c F i r s t Mortgage Corporation, Pleasanton, C a l i f o r n i a . San Franci sco F i r s t Security Corporation, Salt Lake C i t y , Utah, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (in making or acquiring loans and other extensions of c r e d i t such as would be made by a mortgage banking company, including making both r e s i d e n t i a l and commercial mortgage loans f o r i t s own p o r t f o l i o and for s a l e to o t h e r s , and the s e r v i c i n g of such loans f o r o t h e r s ) at 300 South 4th S t r e e t , Las Vegas, Nevada, serving Las Vegas and a l l of Clark County, as b u s i n e s s can be developed f o r mortgages in surrounding a r e a s , t h i s o f f i c e will also serve those p o r t i o n s of the following contiguous counties which are c l o s e s t t o Las Vegas, Nye and Lincoln Counties, through i t s s u b s i d i a r y , F i r s t Security Realty Services Corporation (formerly known as Utah Mortgage Loan Corporation) (9/29/83) H.2, 1983 No. 39 22 APPLICATIONS RECEIVED - Continued San Francisco Security P a c i f i c Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n t h e o r i g i n a t i o n and a c q u i s i t i o n of mortgage loans, including development and c o n s t r u c t i o n loans on m u l t i family and commercial p r o p e r t i e s f o r Security P a c i f i c Mortgage C o r p o r a t i o n ' s own account or for s a l e to o t h e r s ; and the s e r v i c i n g of such loans f o r o t h e r s ) at 2510 15th S t r e e t , Casper, Wyoming, serving the S t a t e of Wyoming, through i t s s u b s i d i a r y , Security P a c i f i c Mortgage Corporation (9/29/83) San Francisco U. S. Bancorp, P o r t l a n d , Oregon, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (in the making, a c q u i r i n g , and s e r v i c i n g of loans and other extensions of c r e d i t , e i t h e r secured or unsecured, f o r i t s own account or the account of o t h e r s i n c l u d i n g , but not limited t o , consumer l o a n s , i n s t a l l m e n t s a l e s c o n t r a c t s and other forms of r e c e i v a b l e s ; a c t i n g as insurance agent with regard t o c r e d i t l i f e and d i s a b i l i t y insurance, property and c a s u a l t y i n s u r a n c e , s o l e l y in connection with extensions of c r e d i t by Bancorp Credit S e r v i c e s , I n c . ; Bancorp r e l i e s upon the provisions of Sections 2 2 5 . 4 ( a ) ( 1 ) , 2 2 5 . 4 ( a ) ( 3 ) , and 2 2 5 . 4 ( a ) ( 9 ) ( i ) of Regulation Y and Sections 601 (A) and 601(D) of T i t l e VI of t h e Garn-St Germain Depository I n s t i t u t i o n s Act) these a c t i v i t i e s will be conducted from a modern two s t o r y o f f i c e building located at the i n t e r section of Hurley Way and Howe Avenue in Central Sacramento, a t 2143 Hurley Way, Suite 200, Sacramento, C a l i f o r n i a , the primary area t o be serviced will be a l l of the incorporated City of Sacramento, through i t s s u b s i d i a r y , Bancorp Credit S e r v i c e s , Inc. (9/28/83) San Francisco Wells Fargo & Company, San Francisco, C a l i f o r n i a , n o t i f i cation of i n t e n t to engage in de novo a c t i v i t i e s (to engage in the issuance of t r a v e l e r s checks, which will be sold by i t s s u b s i d i a r y , Wells Fargo Bank, N.A., a c t i n g as agent for the i s s u e r , and possibly by o t h e r , u n a f f i 1 i t a t e d s a l e s agents) in San Francisco, C a l i f o r n i a , serving the S t a t e of C a l i f o r n i a (9/26/83) • * * * * -23- H.?, 1983 No. 39 APPLICATIONS RECEIVED - Continued REPORTS RECEIVED Proxy Statement (Special Meeting) Filed Pursuant to Section 14(a) of t h e Securities Exchange Act Gateway S t a t e Bank Staten I s l a n d , New York The Lawrence County Bank Lawrenceburg, Tennessee PETITIONS FOR RULEMAKING None
@FedFRASER