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ANNOUNCEMENT BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1988, No. 40 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending October 1, 1988. ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Mellon Bank Corporation* Pittsburgh* Pennsylvania — to acquire Grant Street National Bank (in liquidation)* and engage de novo through the Bank and Collection Services Corporation in loan recovery and collection activities worldwide. Permitted* September 28* 1988. Western Illinois Bancorp* Inc.* Chicago* Illinois — to acquire The First National Bank of Blandinsville* Blandinsville* Illinois. Approved* September 26* 1988. BOARD OPERATIONS System Retirement and Thrift Plans — amendment of vesting provisions of the SystemTs pension plan. Approved* September 28* 1988. CHANGE IN BANK CONTROL Mellon Bank Corporation* Pittsburgh* Pennsylvania — change in bank control. Permitted* September 28* 1988. EXTENSIONS OF TINE Bank of Boston Corporation* Boston* Massachusetts — request for extension of the public comment period to acquire BankVermont Corporation* Burlington* Vermont. Denied* September 26* 1988. RESERVE BANK OPERATIONS Federal Reserve Bank of Cleveland — to upgrade the intra-District data communications network* including the purchase of four communications processors. Approved* September 26* 1988. H.2 SEPTEMBER 26, 1988 PAGE 2 TO SEPTEMBER 30, 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 Farmers & Merchants Bank of Central California — establish a branch in Elk Grove, California. Approved, September 26, 1988. Richmond Sailors and Merchants Bank and Trust, Vienna, Virginia — tc establish a branch at 2960 Chain Bridge Road, Oakton, Virginia. Approved, September 30, 1988. to BANK HOLDING COMPANIES Atlanta Alabama Bancorp, Birmingham, Alabama — Highland Bank. Approved, September 26, 1988. to acquire Staff Director BS&R Bellbrook Bancorp, Inc., Bellbrook, Ohio — agent registration. Approved, September 27, 1988. Chicago Beverly Bancorporation, Inc., Chicago, Illinois — acquire First Wilmington Corp., Wilmington, Illinois, and The First National Bank of Wilmington. Approved, September 30, 1988. Atlanta CB&T Bancshares, Inc., Columbus, Georgia — to merge Calumet Brokerage Services, Inc., Columbus, Georgia, D/B/A CB&T Discount Brokerage, with Calumet Financial Associates, Inc. Approved, September 27, 1988. Kansas City Cedar Financial Holding, Inc., Fordyce, Nebraska — to acquire Cedar Security Bank. Approved, September 30, 1988. Kansas City Clifton Bancshares, Inc., Wamego, Kansas — to acquire First National Bank, Clifton, Kansas. Approved, September 29, 1988. Chicago Commerce Bancorp, Inc., Berkeley, Illinois — acquire National Bank of Commerce. Approved, September 27, 1988. transfer to to H. 2 SEPTEMBER 26, 1988 PAGE 3 TO SEPTEMBER 30, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Dacotah Bank Holding Co., Aberdeen, South Dakota — to engage in insurance agency activities through Bristol Insurance, Inc. Permitted, September 28, 1988. Atlanta Dahlonega Bancorp, Inc., Dahlonega, Georgia — acquire First National Bank of Polk County, Copperhill, Tennessee. Approved, September 27, 1988. Minneapolis First Bancorp, Inc., Huron, South Dakota — to acquire Custer County Bank, Custer; and Southern Hills Bank, Cdgemont, South Dakota. Approved, September 26, 1988. Philadelphia First Executive Bancorp, Inc., Philadelphia, Pennsylvania — to acquire First Executive Bank. Approved, September 30, 1988. Philadelphia First Fidelity Bancorporation, Newark, New Jersey — to acquire First Executive Bancorp, Inc., Philadelphia, Pennsylvania. Approved, September 30, 1988. Staff Director BS&R First Western Bancorp, Inc., New Castle, Pennsylvania — transfer agent registration. Approved, September 27, 1988. Chicago First Wisconsin Corporation, Milwaukee, Wisconsin, and F.W.S.B. Corporation — to acquire the successor by merger to Metropolitan Bank Group, Inc., Bloomington, Minnesota. Approved, September 28, 1988. Richmond F & M National Corporation, Winchester, Virginia — to acquire Blakeley Bank and Trust Company, Ranson, West Virginia. Approved, September 26, 1988. Kansas City Hoff Investment Corporation, Lisco, Nebraska -- to acquire First National Financial Corporation, Estes Park, Colorado, and First National Bank of Estes Park. Returned, September 27, 1988. to H.2 SEPTEMBER 26, 1988 PAGE 4 TO SEPTEMBER 30, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Lisco State Company* Lisco* Nebraska — to acquire First National Financial Corporation* Estes Park* Colorado* and First National Bank of Estes Park. Returned* September 27* 1988. San Francisco Mission - Valley Bancorp, Lafayette, California — to acquire Lamorinda Financial Corporation* Lafayette* California* and Lamorinda National Bank. Approved* September 30* 1988. Cleveland National City Corporation* Cleveland* Ohio* and FKYN Acquisition Corp.* New Salem* Indiana — to acquire American Security Company of Bedford Incorporated* Bedford * Indiana. Approved* September 27* 1988. Chicago Presidential Holdings* Inc.* Bourbonnais* Illinois — to acquire Bank of Bourbonnais. Approved* September 27* 1988. Minneapolis Rocky Mountain Bancorporation* Billings* Montana — to acquire Western Bancshares* Inc.* and Western Bank of Billings. Approved* September 30* 1988. New York The Summit Bancorporation* Summit* New Jersey — to acquire Somerset Bancorp* Inc.* Somerville* New Jersey* and Somerset Trust Company* Bridgewater* New Jersey. Approved* September 29* 1988. Atlanta SunTrust Bank* Inc.* Atlanta* Georgia* and Sun Banks* Inc.* Orlando* Florida — to engage de novo in trust and investment advisory activities through SunBank Capital Management* National Association. Permitted* September 28* 1988. Chicago Sysco Financial* Inc.* Lincolnwood* Illinois — acquire Brickyard Bank* Chicago* Illinois. Approved* September 27, 1988. Chicago Valley Ridge Financial Corp.* Kent City* Michigan — to acquire Kent City State Bank. Approved* September 27* 1988. to H.2 SEPTEMBER 26, 1988 PAGE 5 TO SEPTEMBER 30, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Staff Director BS&R Ventura County National Bancorp, Oxnard, California — transfer agent registration. Withdrawn, September 28, 1988. San Francisco Ventura County National Bancorp, Oxnard, California — to engage de novo in operating a collection agency through Western Independent Collections, Oxnard, California, nationwide. Permitted, September 30, 1988. BANK MERGERS Dallas First City Bank of Dallas, Dallas, Texas — to merge with affiliates in Dallas, Farmers Branch, Garland, Grand Prairie, Lancaster, and Richardson, Texas. Approved, September 29, 1988. St. Louis Landmark Bank of Fairview Heights, Fairview Heights, Illinois — to acquire Landmark Bank of Edgemont, East St. Louis, Illinois; and to merge with Landmark Bank of St. Clair County, 0 TFallon, Illinois. Approved, September 29, 1988. St. Louis Landmark Bank of St. Clair County, Q TFallon, Illinois — to acquire Landmark Bank of Mascoutah, Mascoutah, Illinois. Approved, September 29, 1988. Richmond Ranson Interim Bank, Inc., Ranson, West Virginia — to merge with Blakeley Bank and Trust Company. Approved, September 26, 1988. BANK PREMISES New York Chemical Bank, New York, New York — bank premises. Approved, September 28, 1988. investments in New York Merchants Bank of New York, New York, New York — investment in bank premises. Approved, September 28, 1988. H.2 SEPTEMBER 26, 1988 PAGE 6 TO SEPTEMBER 30, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Chicago Old Kent Bank of Petoskey* Petoskey* Michigan — investment in bank premises. Approved* September 27* 1988. BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS San Francisco Drexler Technology, Mountain View, California, and Alaska Commercial Fishing and Agricultural Bank* Anchorage, Alaska — transfer agent registration. Withdrawn* September 29* 1988. CAPITAL STOCK Chicago Gresham Bancshares* Inc.* Gresham* Wisconsin — redemption of shares. Approved* September 30* 1988. Cleveland Harrison Bancorporation* Cynthiana* Kentucky — redemption of shares. Approved* September 27* 1988. CHANGE IN BANK CONTROL Kansas City Banks of Mid - America* Inc.* Oklahoma City* Oklahoma — change in bank control. Permitted* September 26* 1988. COMPETITIVE FACTORS REPORTS Chicago Bank of Versailles* Versailles* Indiana* proposed merger with PeopleTs Trust Company — report on compet it ive factors. Submitted* September 27* 1988. New York BNB National Bank* Bridgehampton* New York* proposed merger with The Bridgehampton National Bank — report on competitive factors. Submitted* September 30* 1988. Chicago Citizens State Bank* Hopkinton* Iowa* proposed merger with CSB State Bank — report on competitive factors. Submitted* September 28* 1988. H.2 SEPTEMBER 26, 1988 PAGE 7 TO SEPTEMBER 30, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Boston The Co-operative Bank of Concord, Concord, Massachusetts, proposed merger with The Quincy Co-operative Bank, Quincy, Massachusetts — report on competitive factors. Submitted, September 28, 1988. Dallas Coronado Bank, El Paso, Texas, proposed merger with Texas National Bank — report on competitive factors. Submitted, September 28, 1988. S t . Louis Farmers - Citizens Bank, Salem, Indiana, proposed merger with Washington County Bank — report on competitive factors. Submitted, September 30, 1988. Kansas City Farmers Stock Bank, Blackwater, Missouri, proposed merger with Central Missouri State Bank, Boonville, Missouri — report on competitive factors. Submitted, September 28, 1988. Dallas First City National Bank of Richmond, Richmond, Texas, proposed merger with First City National Bank of Houston, Houston, Texas — report on competitive factors. Submitted, September 27, 1988. Chicago First of America Bank - Frankenmuth, Frankenmuth, Michigan, proposed merger with First of America Bank - Thumb Area, Bad Axe, Michigan — report on competitive factors. Submitted, September 28, 1988. Dallas Grand Bank R. L. Thornton at Grand, Dallas, Texas, proposed merger with Grand Bank Northeast, and Grand Bank, N.A. — report on competitive factors. Submitted, September 26, 1988. Kansas City Mid City Bank, Inc., Omaha, Nebraska, proposed acquisition of assets and assumption of the liabilities of Mutual State Bank — report on compet it ive factors. Submitted, September 30, 1988. H.2 SEPTEMBER 26, 1988 PAGE 8 TO SEPTEMBER 30, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland The Miners and Mechanics Savings and Trust Company, Steubenville , Ohio, proposed merger with The Mingo National Bank of Mingo Junction — report on competitive factors. Submitted, September 30, 1988. Minneapolis Minnesota National Bank of Cottage Grove, Cottage Grove, Minnesota, proposed merger with First Bank National Association, Minneapolis, Minnesota — report on competitive factors. Submitted, September 28, 1988. Philadelphia The Muncy Bank and Trust Company, Muncy, Pennsylvania, proposed merger with Muncy Interim Bank — report on competitive factors. Submitted, September 27, 1988. S t . Louis New Casey County Bank, Inc., Liberty, Kentucky, proposed merger with The Casey County Bank, Inc. — report on competitive factors. Submitted, September 28, 1988. Dallas New Throckmorton Bank, Throckmorton, Texas, proposed merger with The First National Bank of Throckmorton — report on competitive factors. Submitted, September 27, 1988. Minneapolis Norwest Bank Owatonna, National Association, Owatonna, Minnesota, proposed merger with Norwest Bank Faribault, National Association, Faribault, Minnesota — report on competitive factors. Submitted, September 26, 1988. San Francisco Pasadena First National Bank, Pasadena, California, proposed merger with Community Bank — report on competitive factors. Submitted, September 28, 1988. Atlanta Security Trust and Savings Bank, Brilliant, Alabama, proposed merger with Security Interim Bank — report on competitive factors. Submitted, September 26, 1988. H.2 SEPTEMBER 26, 1988 PAGE 9 TO SEPTEMBER 30, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City United American Bank & Trust, Wichita, Kansas, proposed merger with Wichita State Bank and National Bank of Wichita — report on competitive factors. Submitted, September 26, 1988. EXTENSIONS OF TIME Richmond Commonwealth Bankshares, Inc., Norfolk, Virginia — extension to January 21, 1989, to acquire Bank of the Commonwealth. Granted, September 29, 1988. New York Eastcorp, New York, New York — extension to October 30, 1988, to acquire EastBank, N.A. Granted, September 30, 1988. Kansas City First Bancorporation of Holdenville, Inc., Holdenville, Oklahoma — extension to October 15, 1988, to acquire Alliance Bank, N.A. Granted, September 30, 1988. Boston First Essex Bancorp, Inc., Lawrence, Massachusetts — extension to January 1, 1989, to redeem shares. Granted, September 27, 1988. San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain properties. Granted, September 30, 1988. Boston Fleet / Norstar Financial Group, Inc., Albany, New York — extension to December 28, 1988, to engage in the purchase and sale of gold and silver bullion. Granted, September 30, 1988. Boston Fleet / Norstar Financial Group Inc., Providence, Rhode Island — extension to December 14, 1988, to engage in insurance activities through Norlife Reinsurance Company. Granted, September 27, 1988. H.2 SEPTEMBER 26, 1988 PAGE 10 TO SEPTEMBER 30, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago FNBH Bancorp, Inc., Howell, Michigan — extension to January 15, 1989, to acquire First National Bank in Howell. Granted, September 26, 1988. Atlanta Governors Bank Corporation, West Palm Beach, Florida — extension to December 25, 1988, to acquire Governors Bank. Granted, September 27, 1988. New York Montclair Bancorp, Inc., Montclair, New Jersey — extension to January 13, 1989, to acquire Montclair Savings Bank. Granted, September 29, 1988. Chicago Premier Bancorporation, Inc., Jackson, Michigan — extension to October 3, 1988, to acquire Premier Bank. Granted, September 27, 1988. Atlanta Sun Banks, Inc., Orlando, Florida, and SunTrust Banks, Inc., Atlanta, Georgia — extension to January 17, 1989, to acquire Peoples Bank of Lakeland, Lakeland, Florida. Granted, September 28, 1988. Atlanta SunTrust Banks, Inc., Atlanta, Georgia, and Sun Banks, Inc., Orlando, Florida — extension to January 9, 1989, to acquire Florida West Coast Banks, Inc., Venice, Florida. Granted, September 28, 1988. New York United Jersey Bank, Hackensack, New Jersey — extension to February 1, 1989, to merge with United Jersey Bank/Edgewater National, Englewood Cliffs, New Jersey. Granted, September 29, 1988. H.2 SEPTEMBER 26, 1988 PAGE 11 TO SEPTEMBER 30, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY MEMBERSHIP Philadelphia First Executive Bank, Philadelphia, Pennsylvania -to become a member of the Federal Reserve System. Approved, September 30, 1988. Richmond Rans m Interim Bank, Inc., Ranson, West Virginia to become a member of the Federal Reserve System. Approved, September 26, 1988. REGULATIONS AND POLICIES Director, C&CA Regulation Z — revisions to official staff commentary. Proposed, September 28, 1988. H.2 SEPTEMBER 26, 1988 PAGE 12 ADDITIONS AND CORRECTIONS TO SEPTEMBER 30, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Security State Bank, Hubbard, Iowa, proposed purchase of certain assets and assumption of liabilities of Tri-County State Bank, Zearing, Iowa — report on competitive factors. Submitted, September 9, 1988. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Fleet/Norstar Financial Group, Inc., Providence, Rhode Island - 3(a)(5)/4(c)(8) application to acquire Indian Head Banks, Inc., Newspaper 10-11-88 Federal Register 10-03-88 Peoples Heritage Financial Group, Inc., Portland, Maine - 3(a)(3) application to acquire Oxford Bank and Trust, Oxford, Maine** Newspaper 10-14-88 Federal Register 10-14-88 Cenvest, Inc., Meriden, Connecticut- 3(a)(3) application to acquire First Central Bank, Newspaper 10-17-88 Federal Register 10-14-88 Nashua, New Hampshire** Hartford, Connecticut, a de novo bank** SECTION III - APPLICATIONS SUBJECT TO FEDERAL. REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER O R 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 KeyCorp, Albany, New York and Key Bancshares of Wyoming Inc., Cheyenne, Wyoming to acquire First Wyoming Banoorporation, Cheyenne, W y o m i n g . V 10/14/88 2/ The Bank of Bermuda Ltd., Hamilton, Bermuda and Bermuda (U.S.) Holdings Ltd., Dover, Delaware to become bank holding companies with respect to Bank of Bermuda (New York) Ltd., New York, New York, a proposed new bank.l/ 10 / 2 1/8 8 SECTION III Nonbanking Applications (Subject to Federal Register Notice Onlv^ CapitalBanc Corporation, New York, New York to engage indirectly in certain nonbanking activities. 10/13/88 The Long-Term Credit Bank of Japan, Ltd., Tokyo, Japan to engage indirectly in certain nonbanking activities. 10 / 2 1/8 8 Manufacturers Hanover Corporation, New York, New York to engage through its subsibiary, Manufacturers Hanover Real Estate Investment Banking Group, Inc., in certain nonbanking activities. N/A 1/ 2/ 3/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available 2/ Federal Reserve Bank of New York Comment Period Ending Date Oesterreichische Landerbank AG, Vienna, Austria to engage indirectly in securities brokerage activities. N/A Societe Generale, Paris, France to engage through its subsidiary, Societe Generale Options-North America, Inc., in acting as the specialist on the Philadelphia Stock Exchange in Deutschemark and Japanese yen options. N/A SECTION IV Applications Not Involving ______ Public Comment______ None. N/A - Not Available FEDERAL RESERVE BANKOF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Gomnent Period Biding Date Meridian Bank, Beading, PA to establish a branch to be located at 2901 Whiteford Road, York, PA. 1/ 10/15/88 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Atcorp, Inc., Atco, NJ, to become a BHC by acquiring 100% of voting shares of Atco National Bank, Atco, NJ pursuant to Section 3(a)(1) of the Bank Holding Company Act. 1/ 10/ 20/88 10/ 21/88 Newspaper: Federal Register: 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 None. * Not yet available. 1/ Subject to provisions of Comnunity Reinvestment Act. Ten Independence Mall, Philadelphia, PA 19106, (215) 574-6000 Cleveland Reserve Bank Applications For Week Ending October 1, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY COMMENT PERIOD ENDING APPLICATION Received application on September 05toM888, 1988 from Ohio Citizens Bank, Toledo, Ohio, for permission to establish a branch at 1250 North Shoop Avenue, Wauseon, Ohio. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3(a)(3) application on September 15, 1988 frcm First Bancorporation of Ohio, Akron, Ohio, to acquire The First National Bank in Massillon, Massillon, Ohio. * F - October 14, 1988 Received application on September 26, 1988 frcm Ohio Citizens Bank, Toledo, Ohio, for permission to establish a CBCT branch at 119 East Williams Street, Maumee, Ohio. * Not Yet Known # Received Section 3(a)(1) application on September 29, 1988 frcm Citizens Independent Bancorp, Inc., Logan, Ohio, to acquire The Citizens Bank of Logan, Ohio. * N - October 27, 1988 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NOSE* * # N F - Subject to CRA Expected to end approximately 30 days frcm the date of receipt Newspaper Comment Period Federal Register Comment Period Cleveland Reserve Bank Applications For Week Ending October 1, 1988 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received request on September 26, 1988 fran Ohio Citizens Bank, Toledo, Ohio, for permission to exceed its limit of investment in bank premises permitted by Section 24A of the Federal Reserve Act. Received request on September 28, 1988 from Banc One Corporation, Columbus, Ohio, for permission to extend the time it be permitted to continue ownership of The Citizens Bank of Portland, Portland, Indiana, through its subsidiary, Bank One, Indianapolis, National Association, Indianapolis, Indiana.* * - Subject to CRA # - Expected to end approximately 30 days frcm the date of receipt N - Newspaper Comment Period F - Federal Register Conment Period F e d e r a l R e se rv e Bank o f Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Mellon Bank (MD), Rockville, Maryland, request for permission to establish a branch at 4800 Montgomery Lane, Bethesda, Maryland.* 11-3-88 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Blue Ridge Bankshares, Inc., Luray, Virginia, for prior approval to become a bank holding company through the acquisition of The Page Valley National Bank of L u r a y , Luray, Virginia.* 10-29-88 Section III - Applications Subject to Federal Register Notice Comment Period Ending Date Application None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None ^Application is subject to CRA. October 3, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Central Florida Banc Shares, Inc. Maitland, Florida To merge with First American Bank of Orange County, Maitland, Florida and to become a member of the Federal Reserve System (interim bank merger proposal). Sun Bank of Tampa Bay 10-16-88 (CRA) Tampa, Florida To establish a branch at 12401 North 22nd Street, Tampa, Florida, to be known as the University Village Office. Sovran Bank/Central South 10-09-88 Nashville, Tennessee Newspaper To merge with Sovran Bank/Clarksville, Clarksville, Tennessee. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date SouthTrust Corporation 10-15-88 Birmingham, Alabama Newspaper To acquire The Wiregrass Bank & Trust Company, Headland, Alabama. SouthTrust Corporation 10-21-88 Birmingham, Alabama Federal Register To acquire Meigs County Bancshares, Inc., Decatur, Tennessee. Barnett Banks, Inc. Jacksonville, Florida To acquire ANB Bankshares, Inc., Brunswick, Georgia. Equity Financial Ventures, Inc. Hialeah, Florida 1-BHC formation, The Village Bank, Hialeah, Florida. October 3, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Content Period Ending Date Florida Security Holding Corporation Maitland, Florida 1-BHC formation, First American Bank of Orange County, Maitland, Florida. Port St. Lucie National Bank Holding Corp. Port St. Lucie, Florida 1-BHC formation, Port St. Lucie National Bank, Port St. Lucie, Florida (in organization). B.H.C., Inc. Arlington, Georgia 1-BHC formation, Bostwick Banking Canpany, Arlington, Georgia. Empire Bank Corp. Hcmerville, Georgia 1-BHC formation, Empire Banking Carpany, Hcmerville, Georgia. Main Street Banks Incorporated 10-14-88 Covington, Georgia Federal Register 1-BHC formation, The Bank of Covington, Covington, Georgia. First Acadian Bancshares, Inc. Thibodapx, Louisiana Change in control by Michael M. Gauthier to retain 9.6 percent of the outstanding shares that increased his total ownership to 12.7 percent (after-the-fact). NBC Bancshares of DePidder, Inc. DeRidder, Iouisiana Change in control by Frances P. McElveen to retain 6.60 percent of the outstanding shares that increased her total ownership to 19.74 percent. Citizens Capital Corporation Morton, Mississippi Change in control by Ralph H. Lord to acquire an additional 43.71 percent of the outstanding shares increasing his total ownership to 57.84 percent. October 3, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice M & M Bancorp, Inc. Ellisville, Mississippi 1-BHC formation, M & M Financial Corporation, Laurel, Mississippi. Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Pate Southeast Banking Corporation Miami, Florida To acquire First Federal Savings & Loan Association of Jacksonville, Florida (First Federal). First Federal to acquire by supervisory merger of South Florida Savings, Miami, Florida, and engage in operating a savings & Loan, pursuant to section 4(c) (8) of the Bank Holding Company Act, and secrtion 225.23 of Regulation Y. Section IV - Application Not Subject To Federal Register Notice Or Newspaper Notice Application Twin Cities Financial Services, Inc. Maryville, Tennessee To redeem 16,000 shares (3.38 percent) of its outstanding common stock. Federal Reserve Bank of Chicago Section I - Applications Subject to newspaper notice Only Comment Period Ending Date Type Application Membership The State Savings Bank of South Lyon N South Lyon, Michigan to become a member of the Federal Reserve System* - 10-16-88 2070 The State Savings Bank of South Lyon South Lyon, Michigan First of America Bank - Ann Arbor Ann Arbor, Michigan* N - 10-16-88 Branch/24A Liberty State Bank & Trust N Hamtramck, Michigan 3030 Union Lake Road, Commerce Township, Michigan - 10-14-88 $1 , 000 , 000* Branch/24A Liberty State Bank & Trust Hamtramck, Michigan 3300 14 Mile Road, Commerce Township, Michigan $350,000* N - 10-14-88 Branch Isabella Bank and Trust Mount Pleasant, Michigan 500 East Wright Street Coe Township, Michigan* N - 10-13-88 Merger Isabella Bank and Trust N - 10-13-88 Mount Pleasant, Michigan Shepherd Branch of Commercial National Bank of Alma Shepherd, Michigan* Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application CoC-HC Highland Community Company Chicago, Illinois George R. Brokemond and retain 24.38% and acquire additional .63% (in violation) FR - 8-24-88 N - 10-14-88 Y-l Indiana-Hoosier Corp. Greenwood, Indiana The Bloomington National Bank Bloomington, Indiana* FR - 10-13-88 N - 10-9-88 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 Bosshard Financial Group, Inc. (was La Farge Bancorp) La Crosse, Wisconsin Grand Marsh State Bank Grand Marsh, Wisconsin Fanners State Bank-Hillsboro Hillsboro, Wisconsin* FR - 9-9-88 N - 9-16-88 Y-2 Indiana Bancshares, Inc. Greenwood, Indiana Hoosier Bancshares, Inc. Bloomington, Indiana The Bloomington National Bank Bloomington, Indiana* FR - 10-7-88 N - 10-9-88 Y-l Pioneer Bancorp, Inc. Chicago, Illinois Pioneer Bank & Trust Company Chicago, Illinois* FR - 10-7-88 N - 10-28-88 Y-l First Shares, Inc. Platteville, Wisconsin The First National Bank of Platteville Platteville, Wisconsin* FR - 10-21-88 N - 10-17-88 Y-l Dulaney Bancorp, Inc. Marshall, Illinois The Dulaney National Bank of Marshall Marshall, Illinois* FR - 10-21-88 N - 9-29-88 Y-2 Republic Bancorp, Inc. Ann Arbor, Michigan Republic Bank-Oakland (in organization) Bloomfield Hills, Michigan* FR - 10-14-88 N - ** Y-2 Ogle County Bancshares, Inc. Rochelle, Illinois Leland National Bancorp, Inc. Leland, Illinois Leland National Bank Leland, Illinois* FR - 10-3-88 N - 10-23-88 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-l The Bancorp of Tomah, Inc. Tomah, Wisconsin First Bank of Tomah Tomah, Wisconsin* Y-2 First Interstate Corporation of Wisconsin FR - 10-14-88 Sheboygan, Wisconsin N - ** First Interstate Bank of Northern Indiana, N.A. South Bend, Indiana* Y-2 First Busey Corporation Urbana, Illinois Community Bank of Mahomet Mahomet, Illinois* FR - ** N - 10-19-88 Y-2 First of America Bank Corporation Kalamazoo, Michigan Wabash Valley Bancorporation, Inc. Peru, Indiana Wabash Valley Bank and Trust Company Peru, Indiana* FR - ** N - ** Y-2 First of America Bank Corporation-Indiana Kalamazoo, Michigan Wabash Valley Bancorporation, Inc. Peru, Indiana Wabash Valley Bank and Trust Company Peru, Indiana* FR - ** N - ** FR - ** N - 10-11-88 Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) NBD Bancorp, Inc. FR - 10-14-88 Detroit, Michigan Make equity and debt invest in Corp or projects designed to community welfare (economic rehabilitation, develop low income areas, jobs and services) Community Development Corporation Detroit, Michigan F e d e r a l R eserve Bank o f C h ica g o Section III - Applications Subject to Federal Register Notice Only Continued Comment Period EndinR Date Type Application Y-4 First Interstate Corporation of Wisconsin Sheboygan, Wisconsin Joint Venture — First Interstate Insurance Company of Wisconsin, Kohler, Wisconsin FR - ** Y-4 First Chicago Corporation Chicago, Illinois Midwest Mortgage Services, Inc. Oakbrook Terrace, Illinois FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Application Type None N FR * ** _ _ Newspaper Federal Register Subject to provisions of Community Reinvestment Act Not available at this time September 30, 1988 F e d e ra l R eserve Bank o f S t . L o u is 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 Comment Period Ending Date Application * Section 3(a)(3) application by First Commercial Corporation, Little Rock, Arkansas, to acquire Benton State Bankshares, Inc., Benton, Arkansas (Not Available) * Section 3(a)(3) application by First Commercial Corporation, Little Rock, Arkansas, to acquire The Citizens Bank, England, Arkansas (Not Available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY None. SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE* OR NEWSPAPER NOTICE None. * Elis application is subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______Newspaper Notice Only_______ Comment Period Ending Date Application Central Savings Bank Sault Ste. Marie, MI To establish a de novo branch in Kinross Township, MI* Not yet available Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Klossner Bancorporation, Inc. Klossner, MN To merge with Houston State Holding, Inc., Houston, MN and thereby acquire the Houston State Bank, Houston, MN* 10-17-88 (Newspaper) North Shore Financial Corporation Duluth, MN To acquire Airport State Bank Duluth, MN* Not yet available D.S. Amundson & E.J. Amundson To acquire control of 28.862 of the voting shares of Culbertson Ban Corp, Culbertson, MT Not yet available Section III - Applications Subject to Federal Register Notice Only Application Community First Minnesota Bankshares, Inc., Fargo, ND To engage de novo in providing financially related data processing and data transmitting services to others. The activity will be con ducted nationwide.* *Subject to CRA Comment Period Ending Date 10-14-88 FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only (Continued) Comment Period Ending Date Application Norvest Corporation Minneapolis, MN To engage in operating a general insurance agency thru the acqui sition of Fargo Insurance Agency, Fargo, ND. The activity will be conducted in Fargo, ND. Not yet available 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 COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Schneider Bancorporation, Plattsmouth, Nebraska, for prior approval to become a bank holding company through the acquisition of 94.5 percent of the voting shares of Plattsmouth State Bank, Plattsmouth, N ebraska.* October 14, 1988 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE The Aurora First National Company, Aurora, Nebraska, for prior approval to engage d§ novo in insurance agency activities in a town of less than 5,000 persons. Not Available First Commerce Bancshares, Lincoln, Nebraska, for prior approval to engage <|e novo in providing management consulting services to depository institutions and to engage de novo in providing to others fina n c i a l l y related data processing and data transmission services, facilities, and data bases, or access to them. Not Available The Stuart Family Partnership, Lincoln, Nebraska, for prior approval to indirectly engage d§ novo in p r o v i d i n g management consulting services to depository institutions and to indirectly engage d§ novo in providing to others f i n ancially related data processing and data transmission services, facilities, and data bases, or access to them through First Commerce Bancshares, Lincoln, Nebraska. Not Available Federal Reserve Bank o f Kansas City The Catherine Stuart Schmoker F a m i l y P a r t n e r s h i p , Lincoln, N e b r a s k a , for prior 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 <|§ n o v o in providing management consulting s e r v i c e s to d e p o s i t o r y i n s t i t u t i o n s a n d to i n d i r e c t l y e n g a g e d§ n o v o in p r o v i d i n g to o t h e r s f i n a n c i a l l y r e l a t e d 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 s ervices, f acilities, a n d dat a bases, or a c c e s s to t h e m t h r o u g h First C o m m e r c e B a n c s h a r e s , L i n c o l n , Nebraska. Not Available T h e J a m e s Stuart, Jr. F a m i l y P a r t n e r s h i p , Lincoln, N e b r a s k a , 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 engage de n o v o in p r o v i d i n g m a n a g e m e n t c o n s u l 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 s t i t u t i o n s an d to i n d i r e c t l y e n g a g e de no v o in p r o v i d i n g to o t h e r s f i n a n c i a l l y r e l a t e d data p r o c e s s i n g a n d data t r a n s m i s s i o n S e r v i c e s , f a c i l i t i e s , an d data bases, or a c c e s s to t h e m t h r o u g h F i r s t C o m m e r c e B a n c s h a r e s , Lincoln, Nebraska. Not Available The Scott Stuart Family P a r t n e r s h i p , Linco l n , N e b r a s k a , 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 engage de n o v o in p r o v i d i n g m a n a g e m e n t c o n s u l 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 s t i t u t i o n s an d to i n d i r e c t l y e n g a g e <Je novo in p r o v i d i n g to o t h e r s f i n a n c i a l l y r e l a t e d data p r o c e s s i n g a n d data t r a n s m i s s i o n s e r v i c e s , f a c i l i t i e s , a n d data bases, or a c c e s s to t h e m t h r o u g h F i r s t C o m m e r c e B a n c s h a r e s , Lincoln, Nebraska. No t A v a i l a b l e SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. ♦ 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 SEPTEMBER 26, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Mike Jenkins, Seminole, TX; Marion Athen Lowrie, Seminole, TX; Robert and William R. Oswalt, Denton, TX, Gaines Bancshares, Inc., Seminole, C. Bowers, Seminole, TX; M. Cosby, Seminole, TX; to acquire an interest in TX 88/10/15 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) de novo notification by United New Mexico Financial Corporation, Albuquerque, NM to acquire United New Mexico Credit Life Insurance Company, Albuquerque, NM (engage in underwriting, as a reinsurer, life, accident, and health insurance that is directly related to an extension of credit by the bank holding company organization) N/A 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 9/30/88 Section I - Applications Subject to Newspaper Notice Only A p p Iication Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Arthur Schwalm, Sedona, Arizona, Antonio Grimalda and Leon Felton, both of Cottonwood, Arizona, to retain their ownership interests in Verde Valley Bancorp, Inc., Cottonwood, Arizona. Newspaper: 10/07/88 Fed. Red.: 10/12/88 Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER