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ANNOUNCEMHtfF BY BOARD OF GOVERNORS OF THE EH3ERAL RESERVE SYST04 H.2, 1985 No. 41 Actions of the Board implications and Reports Received During the ffeek Ending October 12, 1985 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Preston Martin, statement before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the House Committee on Banking, Finance and Urban Affairs an the topic of delayed availability policies of financial institutions. Federal Reserve Board announced two policies to strengthen Reserve Bank supervision of state member banks and bank holding companies that would generally increase the frequency of Federal Reserve examinations and strengthen the procedures for reporting deficiencies to bank management and boards of directors. One-Time Survey of Foreign Transactions of Primary Dealers (FR 3035). Boston IBC Bank and Trust Company, Middleborough, Massachusetts, proposed merger with Middleborough Trust Company — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ New York Peoples Bank, National Association, Belleville, New Jersey, proposed merger with Carteret Bank & Trust Company, Carteret, New Jersey, report to the Comptroller of the Currency on competitive factors. 1/ New York FNS Bank of New York, New York, New York — denied extension of time within which to become a member of the Federal Reserve System. 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 2 - ACTICKS OF THE BQAED - Continued Philadelphia American Bank and Trust Co. of Pa, Reading, Pennsylvania, preposed merger with Central Penn National Bank, Bala Cynwyd, Pennsylvania, under the charter of the applicant and the title of Meridian Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Richmond BTA National Bank, Terra Alta, West Virginia, proposed merger with The First National Bank of Terra Alta — report to the Comptroller of the Currency on competitive factors. 1/ Richmond Jefferson National Bank, Charlottesville, Virginia, proposed merger with Bank of Greene, Ruckersville, Virginia — report to the Comptroller of the Currency on canpetitive factors. 1/ Richmond Anchor Financial Corporation, Myrtle Beach, South Carolina — extension of time to January 14, 1986, within which to engage in providing financially related courier services to depository institutions. 1/ Atlanta Bank Independent, Sheffield, Alabama — in bank premises. 1/ Atlanta Sun Banks, Inc., Orlando, Florida and SunTrust Banks, Inc., Atlanta, Georgia — extension of time to February 1, 1986, within which to acquire Peoples Bank of Lakeland, Lakeland, Florida. 1/ Atlanta Sun Banks, Inc., Orlando, Florida, and SunTrust Banks, Inc., Atlanta, Georgia — extension of time to February 7, 1986, within which to acquire Sun Bank Flagler County, N.A., Palm Coast, Florida. 1/ Atlanta Coninunity Bank & Trust, Hartselle, Alabama, proposed merger with CB&T Interim Bank — report to the Federal Deposit Insurance Corporation on carpetitive factors. 1/ Atlanta Pascagoula-Moss Point Bank, Pascagoula, Mississippi, proposed merger with Hancock Bank, Gulfport, Mississippi — report to the Federal 17 investment Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 3 - ACTIONS OF THE BQAFD - Oontinued Deposit Insurance Corporation on catpetitive factors. 1/ Atlanta National Bank of Commerce, Birmingham, Alabama, proposed merger with Metrobank — report to the Comptroller of the Currency on competitive factors. 1/ Atlanta Bank of Carroll County, Temple, Georgia, proposed merger with Citizens & Merchants Bank, Bremen, Georgia — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Atlanta Canebrake Bank, Uniontown, Alabama, proposed merger with Canebrake Interim Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Atlanta First Fulton Bancshares, Inc., Palmetto, Georgia — extension of time to December 3, 1985, within which to become a bank holding company by acquiring First Fulton Bank and Trust, Palmetto. 1/ Atlanta Sumnerville/Trion — extension of which to became acquiring First County. 1/ Chicago Port Bryan State Bank, Port Bryon, Illinois — investment in bank premises. 1/ Chicago First Oak Brook Bancshares, Inc., Oak Brook, Illinois — extension of time to December 18, 1985, within which to engage de novo in providing financially related courier services through F.O.B. Courier Express Corporation in Illinois, Indiana, and Wisconsin. 1/ Chicago AFC Bank, Franklin, Indiana, proposed merger with Union Bank and Trust Company, under the charter and title of the latter — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ 1/ Bancshares, Inc., Trion, Georgia time to January 16, 1986, within a bank holding company by National Bank of Chattooga Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 4 - ACHGKS OF THE BOARD - Continued Chicago Lancaster State Bank, Lancaster, Wisconsin, proposed merger with M&I Lancaster State Bank, under the charter and title of the latter — report to the Federal Deposit Insurance Corporation on canpetitive factors. 1/ Chicago Peeples Bank and Trust Company, Waterloo, Iowa, proposed merger with LaPorte City State Bank, LaPorte City, Iowa, under the charter and title of the former — report to the Federal Deposit Insurance Corporation on canpetitive factors. 1/ Chicago Old First National Corporation, Bluffton, Indiana — extension of time to January 16, 1986, within which to beccme a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to Old-First National Bank in Bluffton. 1/ Chicago Republic Bancorp, Inc., Flint, Michigan — extension of time to January 29, 1986, within which to beccme a bank holding company through the acquisition of 80 percent of the voting shares of Republic Bank. 1/ St. Louis Madison Exchange Bank, Fredericktcwn, Missouri — investment in bank premises. 1/ St. Louis Mark Twain St. Charles County Bank, N.A., St. Peters, Missouri, proposed merger with Mark Twain St. Louis Bank, N.A. St. Louis, Missouri; Mark Twain Northland Bank, Jennings, Missouri; Mark Twain Progress Bank, Fenton, Missouri; Mark Twain Parkway Bank, St. Louis County, Missouri; Mark Twain South County Bank, St. Louis County, Missouri; Mark Twain State Bank, Bridgeton, Missouri; and Mark Twain National Bank, Ladue, Missouri, under the charter of Mark Twain National Bank with the title Mark Twain Bank, National Association, Ladue, Missouri — report to the Comptroller of the Currency on competitive factors. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 5 ACTIONS OF THE BOARD - Continued Dallas Kingsland National Bank, Kingsland, Texas, proposed merger with New Kingsland National Bank, Kingsland, Texas — report to the Comptroller of the Currency on competitive factors. 1/ Dallas The River Bank, Natchitoches, Louisiana, proposed merger with The Peeples Bank & Trust Company, Natchitoches, Louisiana, Natchitoches, Louisiana — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Dallas New Lubbock Bank, Lubbock, Texas, proposed merger with First National Bank at Lubbock — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Dallas Marble Falls National Bancshares, Marble Falls, Texas — extension of time to November 27, 1985, within which to acquire Marble Falls National Bank. 1/ Dallas RepublicBank Corporation, Dallas, Texas — extension of time to December 1, 1985, within which to acquire RepublicBank Countryside, N.A., San Antonio, Texas. 1/ San Francisco Bank of the Cascades, Bend, Oregon, proposed acquisition of assets and assumption of liabilities of The Sisters, Oregon, office of Western Bank, Coos Bay, Oregon — 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, 1985 No. 41 - 6 ACTICNS OF THE BOARD - Continued Tb Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Approved New York Irving Trust Company, New York, New York — to establish a branch at 445 Broad Hollow Road, Melville, New York. 1/ Richmond First Virginia Bank-Southwest, Roanoke, Virginia — to establish a branch at Valley View Boulevard, Valley View Mall, Roanoke, Virginia. 1/ Atlanta Ccnmerce Union Bank Chattanooga, Chattanooga, Tennessee — to establish a branch at 965 East Third Street, Chattanooga, Tennessee. 1/ Chicago The First State Bank, Bourbon, Indiana, Bourbon, Indiana — to establish a branch at 436 East Center Street, Bourbon, Indiana. 1/ Chicago State Bank of Croswell, Croswell, Michigan — establish a branch at 66 N. Howard Avenue, Croswell, Michigan. 1/ to * * * * * To Beormfi a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act A pproved Cleveland Society Bank of Northwest Ohio, Port Clinton, Ohio. 1/ Atlanta Bibb Interim Bank, West Blocton, Alabama. 1/ Atlanta Interstate Bank of Ccranerce, Miami, Florida. 1/ * * * * * 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 7 ACTIONS OF THE BOARD - Continued Tb Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Approved Bibb Interim Bank, West Blocton, Alabama — to merge with First State Bank of Bibb County, West Blocton, Alabama. 1/ Atlanta * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Not Disapproved St. Louis Mansfield Bankstock, Inc., Mansfield, Arkansas. 1/ Minneapolis Northern Highland Bancorporation, Inc., Mercer, Wisconsin. 1/ Kansas City Central Nebraska Bankshares, Inc., Broken Bow, Nebraska. 1/ Kansas City American State Bancshares, Inc., Broken Bow, Oklahoma. 1/ Dallas Tcsmball Bancshares, Inc., Tcmball, Texas. 1/ Dallas Franklin Bancshares, Inc., Franklin, Texas. 1/ * * * * * Applications and Notifications far International Investments and Other Action Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c) (9), 4(c) (13) , and 4(c) (14) of the Bank Holding Company Act of 1956, as amended Approved New York 1/ Merrill Lynch International Bank, New York, New York — requests the Board's after the fact consent to engage in the activity of trading for Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 8 - ACTIONS OF 'THE BOARD - Continued its own account options, future contracts, and options on futures contracts in foreign exchange. * * * * * Tto Form a Bank Holding Company Pursuant to Section 3 (a) (1) of the Bank Holding Company Act of 1956 Withdrawn Atlanta Ccrrmerce Corporation, St. Francisville, Louisiana — for approval to acquire at least 80 percent of the voting shares of Feliciana Ccnmerce Corporation, St. Francisville, Louisiana and indirectly 100 percent of Bank of Ccranerce & Trust Company, St. Francisville, Louisiana. Returned Atlanta First Franklin Corporation, Toccoa, Georgia — for approval to acquire 100 percent of the voting shares of First Franklin Bank & Trust, Toccoa, Georgia, a proposed new bank. Approved New York Cayman Investment Company (Omega), George Town, Grand Cayman — for approval to acquire 100 percent of the voting shares of Delta National Bank and Trust Company of New York, New York, New York, a proposed new bank. New York Delta North Bankcorp, Inc., Dover, Delaware — for approval to acquire 100 percent of the voting shares of Delta National Bank and Trust Company of New York, New York, New York, a proposed new bank. Philadelphia Bankvest, Inc., Wilkes-Barre, Pennsylvania — for approval to acquire 38.99 percent of the voting shares of Peoples National Bank of Edwardsville, Edwardsville, Pennsylvania. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. - 9 - H.2, 1985 No. 41 ACTIONS OF THE BOARD - Continued Atlanta Cayman Investment Company (Delta), George Town, Grand Cayman — for approval to acquire 100 percent of the voting shares of Delta National Bank and Trust Company of Florida, Miami, Florida, a proposed new bank. Atlanta Delta South Bankcorp, Inc., Dover, Delaware — for approval to acquire 100 percent of the voting shares of Delta National Bank and Trust Company of Florida, Miami, Florida, a proposed new bank. Chicago First Geneva Banqueshares, Inc., Geneva, Illinois — for approval to acquire at least 66.66 percent of the voting shares of The First National Bank of Geneva, Geneva, Illinois. 1/ Chicago First National Bancorp of Cullcm, Inc., Cullcm, Illinois — for approval to acquire at least 82 percent of the voting shares of The first National Bank of Cullcm, Cullcm, Illinois. 1/ Chicago Putnam County Bancorp, Inc., Hennepin, Illinois — for approval to acquire 100 percent of the voting shares of Putnam County Bank, Hennepin, Illinois. / 1 St. Louis Junction City Holding Company, Junction City, Arkansas — for approval to acquire 100 percent of the voting shares of Junction City Bancshares, Inc., Junction City, Arkansas and indirectly Union State Bank, Junction City, Arkansas. 1/ Kansas City Ellinwood Bankshares, Inc., Saline, Kansas — for approval to acquire 93.746 percent of the voting shares of The Peoples State Bank and Trust Company, Ellinwood, Kansas. 1/ ’Dallas American National Bancshares, Inc., Fuston, Louisiana — for approval to acquire 80 percent of the voting shares of American Bank of Ruston, N.A., Ruston, Louisiana. 1/ San Francisco First Commerce Bancorp, Inc., Phoenix, Arizona — for approval to acquire 100 percent of the voting shares of First Catmerce National Bank, Phoenix, Arizona, a proposed new bank. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 10 ACTIONS San Francisco OF THE BOARD - Continued Security State Corporation, Centralia, Washington — for approval to acquire 100 percent of the voting shares of Security State Bank, Centralia, Washington. 1/ * * * * * To Expand a Bank Holding Ccnpany Pursuant to Section 3 (a) (3) of the Bank Holding Ccnpany Act of 1956 Returned Dallas EVJNB Bancshares, Inc., Carrollton, Texas — for approval to acquire 100 percent of the voting shares of First Western National Bank of Mesquite, Mesquite, Texas, a proposed new bank. Dallas BWNB Bancshares, Inc., Carrollton, Texas — for approval to acquire 100 percent of the voting shares of First Western National Bank of Plano, Plano, Texas, a preposed new bank. Approved New York First Jersey National Corporation, Jersey City, New Jersey — for approval to acquire an additional 36.3 percent of the voting shares of The Broad Street National Bank of Trenton, Trenton, New Jersey. 1/ New York The Hongkong and Shanghai Banking Corporation, Hong Kong — for approval to retain certain assets and certain liabilities of Golden Pacific National Bank, New York, New York. 1/ Chicago Ccmnunity Banks, Inc., Middleton, Wisconsin — for approval to acquire 100 percent of the voting shares of Farmers and Merchants Bank, Richland Center, Wisconsin. 1/ Chicago Franklin Capital Corporation, Wilmette, Illinois — for approval to acquire 100 percent of the voting shares of First Security Bank, Addison, Illinois. 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 11 ACTIONS OF THE BCABD - Continued Chicago The Indiana National Corporation, Indianapolis, Indiana — for approval to acquire 100 percent of the voting shares of The Fidelity Bank of Indiana, Carmel, Indiana. 1/ St. Louis CctmerceAmerica Corp., Jeffersonville, Indiana — for approval to acquire 100 percent of the voting shares of Old Capital Financial Corporation, Corydon, Indiana and indirectly Old Capital Bank & Trust Canpany, Corydon, Indiana. 1/ St. Louis Lake Hamilton Enterprises, Inc., Little Rock, Arkansas — for approval to acquire at least 96.9 percent of the voting shares of The Bank of Harrisburg, Harrisburg, Arkansas. Kansas City First Bank Holding Canpany and its subsidiary, First Bank Holding Canpany of Colorado, both of Lakewood, Colorado — for approval to acquire 100 percent of the voting cannon shares of First Bank at 88th/Wadsworth, N.A., Westminster, Colorado, and First Bank of Cherry Creek, N.A., Denver, Colorado, both proposed new banks. 1/ Kansas City Arlington Commonwealth Corporation, Arlington, Texas — for approval to acquire 100 percent of the voting shares of Mercantile National Ban}; of Arlington, Arlington, Texas. San Francisco Zions Utah Bancorporation, Salt Lake City, Utah — for approval to acquire 100 percent of the voting shares of Nevada State Bank, Las Vegas, Nevada. * * * * * To Expand a Bank Holding Ccnpany Pursuant to Section 3 (a) (5) of the Bank Holding Caipany Act of 1956 Approved Kansas City 1/ Fourth Financial Corporation, Wichita, Kansas — for approval to merge with Educators Investment Ccnpany of Kansas, Inc, and Financial and Property Management, Inc., both of Emporia, Kansas and Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 12 ACTCCNS GF THE BOARD - Continued indirectly Citizens National Bank & Trust Company of Hnporia, Emporia, Kansas. 1/ * * * * * To Expand a Bank Holding Ocnpany Pursuant to Section 4(c) (8) of the Bank Holding Company Act of 1956 Returned Atlanta First Franklin Corporation, Toccoa, Georgia — for approval to acquire First Franklin Financial Corporation, Toccoa, Georgia, thereby indirectly engaging in the activities of making consumer loans, and selling credit life and accident and health insurance in connection with loans written by Applicant's subsidiaries. Chicago Gary-Wheaton Corporation, Wheaton, Illinois — to establish a de novo subsidiary, Gary-Wheaton Stock Brokerage, Incorporated, Wheaton, Illinois (discount securities brokerage activities including certain securities credit and incidental activities) presently being performed by Gary-Wheaton Bank. The geographic area to be served will be Du Page and Will Counties in Illinois. Approved Boston RIOT Financial Corporation, Providence, Rhode Island — for approval to acquire American Financial Systems Corporation, Tampa, Florida. 1/ New York Fishkill National Corporation, Beacon, New York — engaging in full pay-out personal property leasing through the acquisition of North Atlantic Leasing Corporation, Millbrook, New York. 1/ New York Manufacturers Hanover Corporation, New York, New York — to acquire through its subsidiary, C.I.T. Financial Corporation, substantially all of the ocntnercial finance receivables of AmHoist Credit Corporation, a subsidiary of American Hoist & Derrick Company, St. Paul, Minnesota. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 13 ACTIONS CP THE BQABD - Continued Chicago Bank of Montreal, Montreal, Quebec, Canada; Bankmont Financial Corp., New York, New York; and Harris Bankcorp, Inc., Chicago, Illinois — for approval to engage through Harris Futures Corporation, Chicago, Illinois, in the execution and clearance, on major commodity exchanges, of futures contracts on stock indexes and options thereon, and of futures contracts on a municipal bond index. H.2, 1985 No. 41 - 14 - ACTIONS OF THE BOARD - C ontinued P erm itte d Cleveland Provident Bancorp, Inc., Cincinnati, Ohio — to engage de novo (providing portfolio investment advice to any person; providing economic information and advice, statistical forecasting services, and industry studies) through its subsidiary, Praxis Capital Management, Inc., Cincinnati, Ohio (10/11/85) 3/ Richmond American Bankshares, Inc., War, West Virginia — to engage de novo (making, acquiring, and/or servicing loans for itself or for others of the type made by a mortgage company; a consumer finance company and a oonmercial finance company). The -activities would be conducted throughout the State of West Virginia. (10/9/85) 3/ Chicago First Indiana Bancorp, Elkhart, Indiana — to engage de novo (underwriting credit life insurance on consumer loans) through its subsidiary, First Indiana Life Insurance Conpany, Phoenix, Arizona (10/10/85) 3/ Chicago Irwin Union Corporation, Columbus, Indiana — to engage de novo (making, acquiring, and/or servicing loans for itself or for others of the type made by a mortgage company) through its subsidiary, Inland Mortgage Corporation, Indianapolis, Indiana. The geographic area to be served will be the United States of America. (10/10/85) 3/ Chicago The Indiana National Corporation, Indianapolis, Indiana — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, Indiana National Brokerage Services, Inc., Indianapolis, Indiana. The activity will be conducted throughout the United States (10/11/85) 3/ Minneapolis Norwest Corporation, Minneapolis, Minnesota — to engage de novo (any insurance activity engaged in by a bank holding company or a subsidiary that was approved by the Board prior to January 1, 1971) through Norwest Financial Services, Inc., Des Moines, Icwa, and its subsidiaries, as well as 3/ Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority* H.2, 1985 No. 41 - 15 ACTIONS OF THE BOARD - Continued Norwest Agencies, Inc., Minneapolis, Minnesota. The activity will be conducted nationwide. (10/10/85) 3/ Dallas Allied Bancshares, Inc., Houston, Texas — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, Allied Brokerage Services, Inc., Houston, Texas. (10/11/85) 3/ Dallas T N Bancshares, Inc., El Paso, Texas — to engage de novo (providing to others financially related data processing and data transmission services, facilities and data bases; or access to them) through its subsidiary, T N Services, Inc., El Paso, Texas (10/11/85) 3/ 3/ Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 16 - ACTIONS OF THE BCftFD - C ontinued ***** Redenpticn of Shares St. Louis Mansfield Bankstook, Inc., Mansfield, Arkansas. 1/ Dallas Toniball Bancshares, Inc., Tcmball, Texas. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 41 - 17 - APPLICATICNS RECEIVED To Establ ish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act New York United Jersey Bank, Hackensack, New Jersey — to establish a branch at 1501 Blocmfield Street, Hoboken, New Jersey. 2/ Philadelphia Central Bank, Hollidaysburg, Pennsylvania — to establish AIM sites at (1) Wissingers Super Markets - 31st and Oak Avenue, Altoona, Pennsylvania, and (2) Fast 25th Avenue and Ivyside Drive, Altoona, Pennsylvania. 2/ Chicago Davenport Bank and Trust Company, Davenport, Iowa — to establish an offsite electronic facility at Hy-Vee Food Store, 2900 Devils Glen Road, Bettendorf, Iowa. 2/ Chicago M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin — to establish an EFT at GuadGraphics Incorporated, W224 N 3322 Duplainville Road, Pewaukee, Wisconsin. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act San Francisco The Bank of Verde Valley, Cottonwood, Arizona. 2/ San Francisco New West Bank, Phoenix, Arizona. 2/ * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act San Francisco Western Security Bank, Phoenix, Arizona — to merge with New West Bank, Phoenix, Arizona. 2/ * * * * * 2/ Application subject to Community Reinvestment Act. The Ccranunity Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the ccranent period. H.2, 1985 No. - 18 A E E U O V n G N S RECEIVED - Continued Applications and Notifications for Tntemafimai Investments and Other Action 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 San Francisco Security Pacific Corporation, Los Angeles, California — prior notification of its intent to establish a de novo subsidiary, Security pacific Trade Holdings, Inc., and to engage in holding export trading company investments. * * * * * To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act New York Citibank, N.A., New York, New York — prior notification of its intent to establish an initial branch in Bangkok, Thailand. * * * * * Tb Farm a Bank Holding Company Pursuant to Section 3(a) (1) of the Bank Holding Company Act of 1956 Atlanta American National Financial Corporation, Panama City, Florida — for approval to acquire 100 percent of the voting shares of The American National Bank, Panama City, Florida. 2/ Atlanta Big Lake Financial Corporation, Okeechobee, Florida — for approval to acquire 100 percent of the voting shares of Big Lake National Bank, Okeechobee, Florida, a proposed new bank. 2/ Atlanta Ccmnunity Financial Services, Inc., Atlanta, Georgia — for approval to acquire 100 percent of the voting shares of Georgia Bankers Bank, Atlanta, Georgia, a proposed new bank. 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, 1985 No. - 19 APPLICATIONS RECEIVED - Continued Atlanta Patterson Bankshares, Inc., Patterson, Georgia — for approval to acquire 100 percent of the voting shares of The Patterson Bank, Patterson, Georgia. 2/ St. Louis Dermott Bancshares, Inc., Dermott, Arkansas — for approval to acquire 100 percent of the voting shares of First Delta Financial Corporation, Dermott, Arkansas and indirectly acquire First State Bank of Dermott, Dermott, Arkansas. 2/ Kansas City Canton Bancshares, Inc., Canton, Oklahoma — for approval to acquire 100 percent of the voting shares of Ccmnunity State Bank of Canton, Canton, Oklahoma. 2/ Kansas City Clear Creek County Capital Corporation, Denver, Colorado — for approval to acquire 100 percent of the voting shares of First State Bank, Idaho Springs, Colorado. 2/ Kansas City Eudora Bancshares, Inc., Eudora, Kansas — for approval to acquire at least 80 percent of the voting shares of Kaw Valley State Bank, Eudora, Kansas. 2/ Dallas Bancshares of Ysleta, Inc., El Paso, Texas — for approval to acquire 100 percent of the voting shares of Ysleta Bancshares, Inc., El Paso, Texas and indirectly Bank of Ysleta, El Paso, Texas. 2/ Dallas Granger Bancshares, Inc., Granger, Texas — for approval to acquire 100 percent of the voting shares of The Granger National Bank, Granger, Texas. 2/ Dallas TEXSTAR FINANCIAL CORPORATION,' INC., Azle, Texas — for approval to acquire 100 percent of the voting shares of First National Bank of Azle, Azle, Texas. San Francisco Verde Valley Bancorp, Inc., Cottonwood, Arizona — for approval to acquire 80 percent of the voting shares of The Bank of Verde Valley, Cottonwood, Arizona, a proposed new bank. 2/ 2/ Application subject to Carmunity Reinvestment Act. The Caxinunity Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the caiment period. - 20 - H.2, 1985 Mo. APPLICATIONS RECEIVED - Continued San Francisco Western Security Bancorp, Inc., Rocky River, Ohio — for approval to acquire 100 percent of the voting shares of Western Security Bank, Phoenix, Arizona. 2/ * * * * * To Expand a Bank H olding Gcnpany P u rsu an t to S e c tio n 3 (a) (3) o f th e Bank H olding Company A ct o f 1956 Atlanta PAB Bancshares, Inc., Valdosta, Georgia — for approval to acquire 100 percent of the voting shares of Fanners & Merchants Bancshares, Inc., Adel, Georgia. 2/ Kansas City First Wyoming Bancorporation, Cheyenne, Wyoming — for approval to acquire 100 percent of the voting shares of First Wyoming Bank - Saratoga, Saratoga, Wyoming. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3 (a) (5) of the Bank Holding Gcnpany Act of 1956 Boston First Vermont Financial Corporation, Brattleboro, Vermont — for approval to merge with BankNorth Group, Inc., St. Albans, Vermont and indirectly acquire Franklin-Lamoille Bank, St. Albans, Vermont. 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 ccnroent period. H.2, 1985 No. - 21 AFPLICMTCNS RECEIVED - Continued To Expand a Bank Bolding Company Pursuant to Section 4 (c) (8) of the Bank Holding Company Act of 1956 New York Midlantic Banks Inc., Edison, New Jersey — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, Midlantic Brokerage Services, Inc., Edison, New Jersey. (10/9/85) Cleveland Pennbancorp, Titusville, Pennsylvania — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, Pennbancorp Brokerage Services Company, Erie, Pennsylvania (10/10/85) Cleveland PNC Financial Corp., Pittsburgh, Pennsylvania — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, PNB Brokerage Services, Inc., Pittsburgh, Pennsylvania. (10/10/85) Richmond First Maryland Bancorp, Baltimore, Maryland — to engage de novo (underwriting credit life and disability insurance on consumer loans) through its subsidiary, First Maryland Life Insurance Company, Phoenix, Arizona. The activities will be conducted in the States of Florida and Pennsylvania. (10/11/85) Richmond Sovran Financial Corporation, Norfolk, Virginia — to expand the activities of its subsidiary, Sovran Investment Corporation, Richmond, Virginia to include options trading, acting as agent in the purchase and sale of precious metals, and discount brokerage activities. Atlanta The Chattahoochee Financial Corporation, Marietta, Georgia — to engage de novo (making, acquiring, and/or servicing loans for itself or for others of the type made by a mortgage company) through its subsidiary, The Chattahoochee Business Group, Inc., Marietta, Georgia. The activities would be conducted nationwide. (10/11/85) H.2, 1985 No. - 22 - APPUCKnCNS RECEIVED - Continued Chicago NBD Bancorp, Inc., Detroit, Michigan — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, NBD Securities, Inc., Detroit, Michigan. It will also engage in the sale at retail of tax-exempt securities and money market instruments. The geographic area to be served will be throughout the United States. (10/9/85) St. Louis Ccumonwealth Bancshares, Inc., Shelbyville, Kentucky — 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, Bancpro Information Services, Inc., Shelbyville, Kentucky. (10/2/85) Kansas City Osborne Investments, Inc., Osborne, Kansas — for approval to engage de novo in insurance agency activities in a town of less than 5,000 persons. Dallas RepublicBank Corporation, Dallas, Texas — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, RepublicBank Securities Company, Dallas, Texas (10/9/85) San Francisco Nells Fargo & Company, San Francisco, California — to engage de novo in the issuance and sale of variably denominated payment instruments, including official checks with unlimited face value. * * * * * * * * * * REPORTS RECEIVED NOne. H.2, 1985 No - 23 APPLICATIONS RECEIVED - Continued * * * * * PETITIONS FOR EQU94AKING None.
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