View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

ANNOUNCEMENT BT
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
H.2, 1987, No. 41
Actions of the Board
Applications and Reports Received
During the Week Ending October 10, 1987
ACTIONS OF THE BOARD
Philadelphia

CoreStates Financial Corp., Philadelphia,
Pennsylvania — three month extension to
acquire The Montgomery National Bank, Rock
Hill, New Jersey. 1/

Richmond

Sovran Financial Corporation, Richmond,
Virginia — extension to engage de novo in
certain investment advisory services through
Sovran Investment Corporation. 1/

Richmond

Sovran Financial Corporation, Richmond,
Virginia — extension to engage de novo in cash
management services through Sovran Financial
Corporation. 1/

Atlanta

First State Bank of Gilmer County, Ellijay,
Georgia, proposed merger with Interim First
State Bank of Gilmer County — report to the
Federal Deposit Insurance Corporation on
competitive factors. 1/

Atlanta

Citizens Bank of Americus, Americus, Georgia,
proposed merger with BMR Subsidiary, Inc.,
Atlanta, Georgia — report to the Federal
Deposit Insurance Corporation on competitive
factors. 1/

Atlanta

Bank of Louisiana, New Orleans, Louisiana,
proposed merger with New Bank of Louisiana in
New Orleans — report to the Federal Deposit
Insurance Corporation on competitive factors.
If

17

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 41

2

ACTIONS OF THE BOARD - Continued
Atlanta

Barnett Banks of Florida, Inc., Jacksonville,
Florida — extension to December 8, 1987, to
engage de novo in credit bureau activities
through Verifications Inc. 1/

Atlanta

First Citizens Bancstock, Inc., Morgan City,
Louisiana — extension to January 23, 1988, to
acquire The First National Bank in St. Mary
Parish. 1/

Atlanta

First South Bancshares, Inc., Morgan City,
Louisiana — extension to January 8, 1988, to
acquire Morgan City Bank & Trust Company. 1/

Chicago

Hasten Bancorp, Indianapolis, Indiana —
extension to January 10, 1988, to acquire First
Bank and Trust Company of Clay County, Indiana,
Brazil; Sullivan State Bank, Sullivan; Peoples
State Bank, Farmersburg; and Farmers Banc,
Inc., Tipton; and Farmers Loan and Trust
Company. 1/

St. Louis

MF Interim Bank, Macon, Mississippi, proposed
merger with Merchants & Farmers Bank — report
to the Federal Deposit Insurance Corporation on
competitive factors. 1/

St. Louis

Mercantile Bank of Springfield, Springfield,
Missouri, proposed merger with Mercantile Bank
of Miller, Miller, Missouri — report to the
Federal Deposit Insurance Corporation on
competitive factors. 1/

Minneapolis

McLeod Bancshares, Inc., Hutchinson, Minnesota
— extension to January 8, 1988, to acquire
Exchange State Bank, St. Paul, Minnesota. 1/

Kansas City

The Citizens State Bank of Maryville,
Maryville, Missouri, proposed merger with
Community Bank of Savannah, Savannah, Missouri
— report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

Dallas

New Plaza Bank, Vidor, Texas, proposed merger
with Plaza National Bank, Beaumont, Texas —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

1/

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1387, No. 41

3

ACTIONS OF THE BOARD - Continued
Dallas

Interim Somerset State Bank, Somerset, Texas,
proposed merger with Somerset National Bank —
report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

San Francisco

BankAmerica Corporation, San Francisco,
California — extension to divest certain
property. 1/
* * * * *
To Merge Pursuant to Section 18(c) of
the Federal Deposit Insurance Act
Returned

Kansas City

Commercial Bank of Sterling, Sterling, Colorado
— to merge with The First National Bank of
Brush, Brush, Colorado.
(10/8/87)
* * * * *
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
Approved

Atlanta

Sunset Commercial Bank, Miami, Florida — to
relocate a branch from 6931 Red Road, Coral
Gables, to 1575 San Ignacio Avenue, Coral
Gables, Florida. 1/ (10/9/87)

Chicago

Chemical Bank and Trust Company, Midland,
Michigan — to establish a branch at 5610
Gratiot Road, Saginaw, Michigan. 1/ (10/6/87)

Chicago

The State Bank of Viroqua, Viroqua, Wisconsin
— to establish an offsite electronic facility
at a convenience store located 3-1/2 blocks
north of the main bank building. 1/ (10/9/87)
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved

Philadelphia

T7




Princeton Bank of Pennsylvania, Philadelphia,
Pennsylvania. 1/ (10/7/87)

Application processed on behalf of the Board of Governors
under delegated authority.

H.2, 1987, No. 41

4

ACTIONS OF THE BOARD - Continued
Kansas City

Ark Valley Industrial Bank, La Junta, Colorado.
1/ (10/6/87)

Kansas City

Lamar Industrial Bank, Lamar Colorado.
(10/6/87)

San Francisco

Mid-Peninsula Bank, Palo Alto, California.
(10/6/87)

1/
1/

* * * * *
Applications and Notifications for International Investments
and Other Actions Pursuant to Sections 25 and 25(a) of the
Federal Reserve Act and Sections 4(c)(9), 4(c)(13), and 4(c)(14)
of the Bank Holding Company Act of 1956, as amended
Forty-Five Day Notification Allowed to Expire
Boston

The First National Bank of Boston, Boston,
Massachusetts: no objection to invest in The
Commercial Bank of Manila, Manila, Philippines.
(10/9/87)
Forty-Five Day Notification Period Waived

New York

Manufacturers Hanover International Finance
Corporation, New York, New York: no objection
to establish a de novo bank, Banco
Manufacturers Hanover (Portugal), S.A., Lisbon,
Portugal.
(10/9/87)

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Returned
Atlanta

1/

BOL Bancshares, Inc., New Orleans, Louisiana —
for approval to acquire 100 percent of the
voting shares of BOS Bancshares, Inc.,
Metairie, Louisiana, and indirectly Bank of
Louisiana in New Orleans, New Orleans,
Louisiana, Fidelity Bank and Trust Co.,
Slidell, Louisiana, and Bank of the South,
Matairie, Louisiana.
(9/15/87)

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 41

5

ACTIONS OF THE BOARD - Continued
Approved
Atlanta

Rebank Netherlands Antilles, N.V., Miami,
Florida — for approval to acquire 100 percent
of the voting shares of Republic Banking
Corporation of Florida, Miami, Florida, and
indirectly Republic National Bank of Miami,
Miami, Florida. 1/ (10/5/87)

Minneapolis

Dean Financial Services, Inc., St. Paul,
Minnesota — for approval to acquire 100
percent of the voting shares of Princeton State
Bank, Princeton, Minnesota. 1/ (10/8/87)

Kansas City

First National Holding Company, Inc.,
Fullerton, Nebraska — for approval to acquire
80.60 percent of the voting shares of First
National Bank and Trust of Fullerton,
Fullerton, Nebraska. 1/ (10/9/87)

San Francisco

Cerritos Valley Bancorp, Norwalk, California —
for approval to acquire 100 percent of the
voting shares of Cerritos Valley Bank, Norwalk,
California. 1/ (10/5/87)
* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Withdrawn
Atlanta

The Colonial Bancgroup, Inc., Montgomery,
Alabama — for approval to acquire The Colonial
Bank of North Florida, Pensacola, Florida. 1/
(10/10/87)
Approved

New York

Horizon Bancorp, Morristown, New Jersey — for
approval to acquire 100 percent of the voting
shares of Princeton Bank of Pennsylvania,
Philadelphia, Pennsylvania, a proposed new
bank. 1/ (10/7/87)

Richmond

Bank Maryland Corp., Towson, Maryland — for
approval to acquire 100 percent of the voting
shares of Maryland State Bank, Salisbury,
Maryland. 1/ (10/6/87)

1/




Application processed on behalf of the Board of Governors
under delegated authority.

H.2, 1987, No. 41

6

ACTIONS OF THE BOARD - Continued
Atlanta

The Citizens and Southern Corporation, Atlanta,
Georgia and Citizens and Southern Florida
Corporation, Fort Lauderdale, Florida — for
approval to acquire 100 percent of the voting
shares of Southern Bank Corp., Inc.,
Tallahassee, Florida, and indirectly The
Southern Bank of Tallahassee, Tallahassee,
Florida. 1/ (10/5/87)

Chicago

Winchester Bancorporation, Winchester, Indiana
— for approval to acquire 51 percent of the
voting shares of The Saratoga State Bank,
Saratoga, Indiana, and 51 percent of the voting
shares of Greensfork Township State Bank,
Spartanburg, Indiana. 1/ (10/5/87)

St. Louis

Colonial Bancshares, Inc., Des Peres, Missouri
— for approval to acquire 10 percent of the
voting shares of The Village Bank of St. Louis
County, St. Louis County, Missouri. 1/
(10/7/87)

Minneapolis

Frandsen Financial Corporation, Forest Lake,
Minnesota — for approval to acquire 100
percent of the voting shares of Rural American
Bank of Greenwald, Greenwald, Minnesota. 1/
(10/6/87)

San Francisco

Westamerica Bancorporation, San Rafael,
California — for approval to acquire 100
percent of the voting shares of Bank of
Mendocino County, N.A., Ukiah, California; Bank
of Lake County, N.A., Lakeport, California; and
Gold Country Bank, N.A., Grass Valley,
California, all proposed new banks. 1/
(10/9/87)
* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Withdrawn
Atlanta

1/

The Colonial Bancgroup, Inc., Montgomery,
Alabama — for approval to acquire 100 percent
of the voting shares of Liberty Holding
Company, Pensacola, Florida, and indirectly
acquire Liberty Bank, Pensacola, Florida. 1/
(10/10/87)

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 41

7

ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Returned
Chicago

Comerica Incorporated, Detroit, Michigan — for
approval to expand the current fiduciary
activities of its subsidiary, Comerica Trust
Company of Florida N.A., Boca Raton, Florida,
to include deposit-taking and the origination
of consumer loans.
(10/5/87)

Kansas City

Alma Bancshares Corporation, Alma, Missouri —
to engage de novo (discount securities
brokerage activities including certain
securities credit and incidental activities).
3/ (10/7/87)
Approved

Boston

First NH Banks, Inc., Manchester, New Hampshire
— for approval to acquire CreditAmerica, Inc.,
New Hyde Park, New York. 1/ (10/9/87)

Cleveland

Trustcorp, Inc., Toledo, Ohio — to engage in
general insurance agency activities through St.
Joseph Insurance Agency, Inc., South Bend,
Indiana. 1/ (10/5/87)

Atlanta

Rebank Netherlands Antilles, N.V., Miami,
Florida — for approval to acquire Rebank
Mortgage Corporation, Miami, Florida and
thereby engage in making and servicing mortgage
loans. 1/ (10/5/87)

San Francisco

First Interstate Bancorp, Los Angeles,
California — to engage in underwriting and
dealing in certain municipal revenue bonds, 1-4
family mortgage-related securities and
commercial paper through its wholly owned
subsidiary, First Interstate Capital Markets,
Inc., Los Angeles, California.
(10/7/87)

17




Application processed on behalf of the Board of Governors
under delegated authority.

H.2, 1987, No. 41

8

ACTIONS OF THE BOARD - Continued
Permitted
Philadelphia

Franklin Financial Services Corporation,
Chambersburg, Pennsylvania — to engage de novo
(underwriting credit life and disability
insurance on consumer loans) through its
subsidiary, Franklin Founders Life Insurance
Company, Phoenix, Arizona. The activity will
be conducted from offices in Fulton,
Cumberland, Franklin, Washington, and Adams
Counties of South Central Pennsylvania. 3/
(10/8/87)

Cleveland

Mount Sterling National Holding Corporation,
Mt. Sterling, Kentucky — to engage de novo
(making, acquiring and/or servicing loans for
itself or for others of the type made by a
consumer finance company) through its newly
formed subsidiary, Independence Financial,
Inc., Mt. Sterling, Kentucky. 3/ (10/4/87)

Atlanta

First Florida Banks, Inc., Tampa, Florida — to
engage de novo (providing to others financially
related data processing and data transmission
services, facilities, and data bases; or access
to them) through FFP, Co., Tampa, Florida. 3/
(10/4/87)

Kansas City

Nationwide Bankshares, Inc., West Point,
Nebraska — to engage de novo (engaging in
insurance agency activities in a town of less
than 5,000 persons) through its subsidiary,
Charter West Agency, West Point, Nebraska. 3/
(10/7/87)
* * * * *

17

Application processed on behalf of the Board of Governors
under delegated authority.




H.2, 1987, No. 41

9

ACTIONS OF THE BOARD - Continued
Redemption of Shares
Approved
Chicago

Valley Financial Services, Inc., South Elgin,
Illinois. 1/ (10/8/87)
* * * * *
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Approved

Chicago

1/




The Baraboo Bancorporation, Inc., Baraboo,
Wisconsin. 1/ (10/7/87)

Application processed on behalf of the Board of Governors
under delegated authority.

H.2, 1987, No. 41

10
APPLICATIONS RECEIVED

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
Philadelphia

Glendale Bank of Pennsylvania, Philadelphia,
Pennsylvania — to establish a branch office at
6908-10 Market Street, Upper Darby,
Pennsylvania. 2/
* * * * *
To Merge Pursuant to Section 18(c) of
the Federal Deposit Insurance Act
Received

Richmond

First Virginia Bank - Commonwealth, Grafton,
Virginia — to merge with First Virginia
Bank-Middle Peninsula, Urbanna, Virginia. 2/

Chicago

Citizens Trust and Savings Bank, South Haven,
Michigan — to merge with CB Bank, South Haven,
Michigan. 2/

Chicago

Chemical Bank Bay Area, Bay City, Michigan —
to merge with Chemical Bank-Cass City, Cass
City, Michigan. 2/

Chicago

First Trust and Savings Bank of Kankakee,
Kankakee, Illinois — to merge with First Trust
and Savings Bank of Bradley, Bradley, Illinois.
2/

Kansas City

Commercial Bank of Sterling, Sterling, Colorado
— to merge with The First National Bank of
Brush, Brush, Colorado. 2/

Dallas

Hibernia National Bank, New Orleans, Louisiana
— to merge with Shreveport Bank & Trust
Company, Shreveport, Louisiana. 2/

Dallas

Interim Somerset State Bank, Somerset, Texas —
to merge with Somerset National Bank, Somerset,
Texas. 2/

Dallas

New Plaza Bank, Vidor, Texas — to merge with
Plaza National Bank, Beaumont, Texas. 2/

2 / Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.



H.2, 1987, No. 41

11

APPLICATIONS RECEIVED - Continued
Dallas

South Shore National Bank, League City, Texas
— to merge with The Moody National Bank of
Galveston, Galveston, Texas. 2/
* * * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Received

Philadelphia

Glendale Bank of Pennsylvania, Philadelphia,
Pennsylvania. 2/

Richmond

Bank of Hampton Road, Chesapeake, Virginia.

Richmond

Hanover Bank, Mechanicsville, Virginia.

Chicago

CB Bank, South Haven, Michigan.

2/

2/

2/

* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
New York

FV Inc., Bethlehem, Pennsylvania — for
approval to acquire 100 percent of the voting
shares of First Valley Corporation, Bethlehem,
Pennsylvania and indirectly First Valley Bank,
Bethlehem, Pennsylvania Hazleton National Bank,
Hazleton, Pennsylvania; Hanover Bank of
Pennsylvania, Wilkes-Barre, Pennsylvania and
West Side Bank, West Pittston, Pennsylvania.
2/

New York

National Westminster Bancorp, Inc., Wilmington,
Delaware — for approval to acquire 100 percent
of the voting shares of National Westminster
Bank USA, New York, New York. 2/

Cleveland

AT Acquisition Corporation, Cleveland, Ohio —
for approval to acquire Midwest National Bank,
Indianapolis, Minnesota. 2/

Cleveland

Equimark Acquisition, Incorporated, Pittsburg,
Pennsylvania — for approval to acquire Liberty
Savings Bank, Horsham, Pennsylvania. 2/

27




Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.

H.2, 1987, No. 41

12

APPLICATIONS RECEIVED - Continued
Chicago

Southwest Financial Group of Iowa, Inc., Red
Oak, Iowa — for approval to acquire at least
98.73 percent of the voting shares of Houthton
State Bank, Red Oak, Iowa. 2/

St. Louis

Cardinal Bancorp II, Inc., Washington, Missouri
— for approval to acquire 100 percent of the
voting shares of United Bank of Union, Union,
Missouri. 2/

St. Louis

Okawville Bancshares, Inc., Okawville, Illinois
— for approval to acquire at least 80 percent
of the voting shares of Old Exchange National
Bank, Okawville, Illinois. 2/

St. Louis

Salem Bancorp, Inc., Salem, Kentucky — for
approval to acquire 100 percent of the voting
shares of Salem Bank, Inc., Salem, Kentucky.
2/

Minneapolis

Malta Banquo, Inc., Malta, Montana — for
approval to acquire at least 80 percent of the
voting shares of First Security Bank of Malta,
Malta, Montona. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
New York

Arrow Bank Corp., Glen Falls, New York — for
approval to acquire 100 percent of the voting
shares of Saratoga National Bank and Trust
Company, Saratoga Springs, New York. 2/

New York

The Bank of New York Company, Inc., New York,
New York — for approval to acquire 100 percent
of the voting shares of Irving Bank
Corporation, New York, New York and indirectly
Irving Trust Company, New York, New York; The
Bank of Lake Placid, Lake Placid, New York;
Bank of Long Island, Babylon, New York; Central
Trust Company, Rochester, New York; Dutchess
Bank and Trust Company, Poughkeepsie, New York;
Endicott Trust Company, Endicott, New York; The
First National Bank of Hancock, Hancock, New
York; The First National Bank of Moravia,
Moravia, New York The Fulton County National
Bank and Trust Company, Gloversvilie, New York,
and Hayes National Bank, Clinton, New York. 2/

2/

Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.




H.2, 1987, No. 41

13

APPLICATIONS RECEIVED - Continued
New York

National Westminster Bank PLC, London, United
Kingdom and NatWest Holdings, Inc., New York,
New York — for approval to acquire First
Jersey National Corporation, Jersey City, New
Jersey, and indirectly The First Jersey and
National Bank, Jersey City, New Jersey; The
First Jersey National Bank/Central, Trenton,
New Jersey; The First Jersey National
Bank/South, Atlantic City, New Jersey, The
First Jersey National Bank/West, Denville, New
Jersey and The First Jersey National Bank/Fort
Lee, Fort Lee, New Jersey. 2/

New York

National Westminster Bank PLC, London, United
Kingdom and NatWest Holdings, Inc., New York,
New York — for approval to acquire First
Jersey Fort Lee Corporation, Jersey City, New
Jersey and indirectly First National Bank of
Fort Lee, Fort Lee, New Jersey. 2/

Mew York

United Jersey Banks, Princeton, New Jersey —
for approval to acquire 100 percent of the
voting shares of First Valley Corporation,
Bethlehem, Pennsylvania and indirectly First
Valley Bank, Bethlehem, Pennsylvania; Hazleton
National Bank, Hazleton, Pennsylvania; Hanover
Bank of Pennsylvania, Wilkes-Barre,
Pennsylvania and West Side Bank, West Pittston,
Pennsylvania. 2/

Philadelphia

Atlantic Bancorporation, Voorhees, New Jersey
— for approval to acquire 100 percent of the
voting shares of Glendale Bank of Pennsylvania,
Philadelphia, Pennsylvania. 2/

Cleveland

AmeriTrust Corporation, Cleveland, Ohio — for
approval to acquire Midwest National Bank,
Indianapolis, Indiana. 2/

Cleveland

Equimark Corporation, Pittsburg, Pennsylvania
— for approval to acquire Liberty Savings
Bank, Horsham, Pennsylvania. 2/

Cleveland

Trustcorp, Inc., and Trustcorp of Michigan,
Inc., Toledo, Ohio — for approval to acquire
100 percent of the voting shares of Ypsilanti
Savings Bank, Ypsilanti, Michigan. 2/

Atlanta

Bank South Corporation, Atlanta, Georgia — for
approval to acquire 92.21 percent of the voting
shares of Heritage Trust, Conyars, Georgia. 2/

2/




Application subject to Community Reinvestment Act. The
Community Affhirs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.

H.2, 1987, No. 41

14

APPLICATIONS RECEIVED - Continued
Atlanta

First State Corporation, Waynesboro,
Mississippi — for approval to acquire 24.9
percent of the voting shares of First National
Bank of Lucedale, Lucedale, Mississippi. 2/

St. Louis

First Commercial Corporation, Little Rock,
Arkansas — for approval to acquire at least 80
percent of the voting shares of First Security
Corporation, Harrison, Arkansas, and indirectly
The Security Bank, Harrison, Arkansas. 2/

St. Louis

Liberty National Bancorp, Inc., Louisville,
Kentucky, through its wholly-owned subsidiary,
CSB Bancshares, Inc., 100 percent of the voting
shares of First Indiana Bank, N.A., Milltown,
Indiana. 2/

St. Louis

Liberty National Bancorp, Inc., Louisville,
Kentucky through its wholly-owned subsidiary,
CSB Bancshares, Inc., 100 percent of the voting
shares of Indiana First National Bank,
Charleston, Indiana. 2/

St. Louis

Old National Bancorp, Evansville, Indiana —
for approval to acquire 100 percent of the
voting shares of First Farmers Corporation,
Madisonville, Kentucky, indirectly Farmers Bank
and Trust Co., Madisonville, Kentucky. 2/

Minneapolis

Frandsen Financial Corporation, Forest Lake,
Minnesota — for approval to acquire 100
percent of the voting shares of Rural American
Bank of Greenwald, Greenwald, Minnesota. 2/

Dallas

Community Bankers, Inc., Granbury, Texas — for
approval to acquire 100 percent of the voting
shares of Farmers & Merchants State Bank,
Burleson, Texas. 2/

Dallas

Willow Bend Bancshares, Inc., Plano, Texap —
for approval to acquire 100 percent of the
voting shares of Preston North National Bank,
Dallas, Texas. 2/

2/




Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.

H.2, 1987, No. 41

15

APPLICATIONS RECEIVED - Continued
San Francisco

Eldorado Bancorp, Tustin, California — for
approval to acquire at least 83.8 percent of
the voting shares of American Merchant Bank,
Newport Beach, California. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Cleveland

AmeriTrust Indiana Corporation, Indianapolis,
Indiana — for approval to acquire A T
Acquisition Corporation, Cleveland, Ohio and
indirectly acquire Midwest National Bank,
Indianapolis, Indiana. 2/

Kansas City

Maryville Bancshares, Inc., Chillicothe,
Missouri — for approval to merge with Savannah
Bancshares, Inc., and indirectly acquire
Community Bank of Savannah, Savannah, Missouri.
2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Received
Boston

Bank of New England Corporation, Boston,
Massachusetts — for approval to establish de
novo BNE Capital Market Company, Boston,
Massachusetts. 2/

Boston

Home National Corporation, Milford,
Massachusetts, to engage de novo (providing
management consulting services to depository
institutions; consumer financial counseling;
tax planning and preparation) through Home
National Financial Services Corporation,
Milford, Massachusetts. The activities will be
conducted in the state of Massachusetts.
(10/8/87)

New York

The Bank of New York Company, Inc., New York,
New York — for approval to acquire Irving
Trust Company Florida, Miami, Florida and
thereby engage in providing fiduciary, custody
and investment management services.

27




Application subject to Community Reinvestment Act. The
Community Affairs Officer of the applicable Reserve Bank
may be contacted as to the length of the comment period.

H.2, 1987, No. 41

16

APPLICATIONS RECEIVED - Continued
New York

The Bank of New York Company, Inc., New York,
New York — for approval to acquire Irving
Trust Company California, San Francisco,
California and thereby engage in providing
fiduciary, custody and investment management
services.

New York

The Bank of New York Company, Inc., New York,
New York — for approval to acquire Irving Life
Insurance Company, New York, New York and
thereby engage in providing credit-related
life, mortgage and health insurance.

New York

The Bank of New York Company, Inc., New York,
New York — for approval to acquire Irving
Financial Centers, Inc., New York, New York and
thereby engage in consumer lending and
commercial lending to local business.

New York

The Bank of New York Company, Inc., New York,
New York — for approval to acquire Irving
Business Center, Inc., New York, New York and
thereby engage in the business of marketing the
products and services of Irving Trust Company.

New York

The Bank of New York Company, Inc., New York,
New York — for approval to acquire One Wall
Street Brokerage, Inc., New York, New York and
thereby engage in securities brokerage
activities.

New York

Marine Midland Banks, Inc., Buffalo, New York;
The Hongkong and Shanghai Banking Corporation,
Hong Kong; Kellett N.V., Curacao, Netherlands
Antilles; and HSBC Holdings B.V., Amsterdam,
the Netherlands — for approval to engage in
consumer and commercial finance activities,
including lease finance activities, through a
joint venture with Subaru of America, Inc.

New York

National Westminster Bank, PLC, London, United
Kingdom — to acquire International Securities,
Inc., New York, New York, a subsidiary of
NatWest Holdings, Inc., which is to be renamed
County NatWest Mortgage Corporation in certain
nonbanking activities.




H.2, 1987, No. 41

17

APPLICATIONS RECEIVED - Continued
New York

National Westminster Bank PLC, London, United
Kingdom, and NatWest Holdings, Inc., New York,
New York — for approval to acquire Tilden of
Florida, Inc., Fort Lauderdale, Florida, and
thereby engage in leasing personal property,
and commercial lending activities.

New York

National Westminster Bank PLC, London, United
Kingdom and NatWest Holdings, Inc., New York,
New York — for approval to acquire FJN
Corporation, Jersey City, New Jersey, and
thereby engage in leasing real property.

New York

United Jersey Banks, Princeton, New Jersey —
for approval to acquire First Valley Life
Insurance Company, Bethlehem, Pennsylvania and
thereby engage in the reinsurance of credit
life, accident and health insurance directly
related to extensions of credit by its bank
subsidiaries.

New York

United Jersey Banks, Princeton, New Jersey —
for approval to acquire First Valley Leasing,
Inc., Bethlehem, Pennsylvania and thereby
engage in the leasing of personal property.

Cleveland

Equimark Corporation, Pittsburg, Pennsylvania
— for approval to acquire Liberty Service
Corporation, Horsham, Pennsylvania and thereby
indirectly acquire Wynnewood Plaza, Inc.,
Horsham, Pennsylvania and thereby engage in
servicing loans.

Chicago

Indiana National Corporation, Indianapolis,
Indiana — to engage de novo (providing to
others financially related data processing and
data transmission services, facilities, and
data bases; or access to them) through its
subsidiary, Indiana National Network
Corporation, Indianapolis, Indiana.
(10/7/87)

Chicago

Midwest Financial Group, Inc., Peoria, Illinois
— for approval to acquire Central Computing
Company, Decatur, Illinois, through its
wholly-owned subsidiary, MFG Information
Systems, Inc.




H.2, 1987, No. 41

18

APPLICATIONS RECEIVED - Continued
Chicago

The Shorebank Corporation, Chicago, Illinois —
to engage de novo (engaging in community
development activities) through Shorebank
Advisory Services, Inc., Chicago, Illinois.
(10/9/87)

Minneapolis

Madison Agency, Inc., Sioux Falls, South Dakota
— to engage de novo (making acquiring and/or
servicing loans for itself or for others of the
type made by a commercial finance company).
The activities will be conducted nationwide.
(10/5/87)

San Francisco

Security Bank Holding Company, Coos Bay, Oregon
— to engage de novo (making, acquiring and/or
servicing loans for itself or for others of the
type made by a mortgage company) through
Security Mortgage Company, Coos Bay, Oregon.
(10/5/87)