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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1979 No. 41)
Actions of the Board; Applications and Reports
APPLICABLE
RESERVE BANK
Received During the Week Ending October 13, 1979
ACTIONS OF THE BOARD
Regulation E, Electronic Fund Transfer Act; the Board
has adopted a number of additional provisions of Regulation E implementing the Act; and is also publishing
for further coirment revisions of several previously
proposed provisions.
Regulation Z, Truth in Lending Enforcement Guidelines;
letters sent to Senators Gam and Armstrong regarding
amendment to the Interagency Uniform Guidelines.
Regulations D and Q; response to requests for a determination that the issuance of securities backed by pools
of conventional mortgages does not involve a deposit.
Federal Bank Supervisory agencies; joint notice of policy
statement on discrimination.
New York
Deutsche Bank, Frankfurt, Germany, a 90-day estension of
time within which to commence business of Fiat Credit
Services, Inc. 1/
Chicago
Indecorp, Inc., Chicago, Illinois, extension of time to
November 15, 1979, within which to become a bank holding company through the acquisition of all the outstanding voting shares of Independence Bank of Chicago,
Chicago, Illinois. 1/
Dallas
Jefferson Company, Jefferson, Texas, extension of time
to December 3, 1979, within which to consummate the
acquisition of the First National Bank of Jefferson,
Jefferson, Texas. 1/
Chicago
KOSS-WNN BANCSHARES, INC., Buffalo Center, Iowa, extension of time to December 12, 1979, within which to
become a bank holdirig company through the acquisition
of 95 per cent or more of the voting shares of Farmers
Trust and Savings Bank, Buffalo Center, l'cwa. 1/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
H.2, 1979 No. 41
-
2
ACTIONS OF THE BOARD-Continued
Atlanta
Levy County Bancorporation, Chief land, Florida, extension of time within which to consummate the acquisition
of Levy County State Bank, Chief land, Florida. 1/
St. Louis
Peoples of Indianola, Inc., Indianola, Mississippi, an
additional extension of time to November 15, 1979,
within which to acquire additional shares of Peoples
Bank of Indianola, Indianola, Mississippi. 1/
St. Louis
Regional Bancshares, Inc., Alton, Illinois, extension
of time to November 17, 1979, within which to become a
bank holding company through acquisition of The Bank
of Alton, Alton, Illinois. 1/
Minneapolis
Stanley Bancorporation, Inc., Stanely, Wisconsin, a
90-day extension of time within which to consummate
the acquisition of Farmers & Merchants State Bank,
Stanley, Wisconsin. 1/
Richmond
Wachovia Bank and Trust Company, N.A., Winston-Salem,
North Carolina, permission to accept catmercial drafts
or bills of exchange up to 100 per cent of its capital
and surplus. 1/
Chicago
Bank of Brodhead, Brodhead, Wisconsin, permission to
make an investment in bank premises. 1/
Cleveland
Bank of Coming Ccmpany, Coming, Ohio, premission to
make an investment in bank premises. 1/
Boston
Bristol Bank, Bristol, New Hampshire, prior approval to
reduce capital stock. 1/
Richmond
First Virginia Bank - Colonial, Richmond, Virginia, permission to make an investment iri bank premises. 1/
Boston
Naumkeag Trust Company, Salem, Massachusetts, permission
to make an investment in bank premises. 1/
Minneapolis
Root River State Bank, Chatfield, Minnesota, permission
to make an investment in bank premises. 1/
San
Francisco
Farmers and Merchants Bank of Central California, Lodi,
California, extension of time to May 6, 1980, within
which to establish a branch office in the vicinity of
the intersection of Lower Sacramento Road and Sargent
Road, Lodi, California. 1/
17 Application processed on behalf of the Board of Governors under delegated
~~ authority.
I
H.2, 1979 No. 41
- 3ACTIONS CF TOE BQARD-Continued
Minneapolis
Montana Bank of Billings, Billings, Montana, an extension of time to establish a domestic branch. 1/
San
Francisco
United California Bank, Los Angeles, California, extension of time to April 12, 1980, within which to establish a branch office in the vicinity of Diamond Boulevard and Willcw Pass Road, Concord, California. 1/
San
Francisco
United California Bank, Los Angeles, California, extension of time to April 20, 1980, within which to establish a branch office in the vicinity of Sepulveda
Boulevard and Marine Avenue, Manhattan Beach, California. 1/
1/ Application processed on behalf of the Board of Governors under delegated
~~ authority.
H.2, 1979 No. 41
- 4ACTIONS OF THE BOARD-Continued
To Merge Pursuant to Section 18(c) of the Federal
Deposit Insurance Act
New York
Approved
Fidelity Union Trust Company, Newark, New Jersey, to
merge with Livingston State Bank, Livingston, New
Jersey. 1/ & 2/
*
* * * *
To Organize, or Invest in, a Corporation doing
Foreign Banking and Other Foregin Financing Pursuant
to Section 25 or 25(a) of the Federal Reserve Act
Atlanta
Approved
Banco de Santander, S.A., Miami, Florida: to establish an Edge Act Corporation to be kncwn as Banco de
Santander International, Inc., Miami, Florida.
*
* * * *
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)
and 4(c) (13) of the Bank Holding C&npany Act of 1956,
as amended
Chicago
Sixty Day Notification Allowed to Expire
The First National Bank of Chicago, Chicago, Illinois:
no objection to establish a branch in Manila, Republic
of the Philippines.
*
* * * *
To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Dallas
Withdrawn
Commercial Bancshares, Inc., Wharton, Texas, for approval to acquire 80-100 per cent (less directors1
qualifying shares) of the voting shares of Commercial
State Bank of El Campo, El Campo, Texas, Wharton Bank
& Trust Company, Wharton, Texas, The Security State
Bank, Navasota, Texas, and First State Bank of Magnolia,
Magnolia, Texas. 1/ & 2/
17 Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1979 No. 41
— S —
ACTIONS OF 1HE BQARD-Continued
Chicago
Approved
Muscatine Bancorporaticn, Muscatine, Icwa, for approval to acquire 80 per cent or more of the voting
shares of Central State Bank, Muscatine, Icwa. 1/ & 2/
St. Louis
First M & F Corporation, Kosciusko, Mississippi, for
approval to acquire 80 per cent or more of the voting
shares of Merchants & Farmers Bank, Kosciusko, Mississippi. 1/ & 2/
Minneapolis
C.S.B. Financial, Inc., Chetek, Wisconsin, for approval
to acquire 82.62 per cent of the voting shares of
Chetek State Bank, Chetek, Wisconsin. 2/
Minneapolis
Hampton Bancshares, Inc., Hampton, Minnesota, for approval to acquire 90 per cent of the voting shares of
State Bank of Hampton, Hampton, Minnesota. 1/ & 2/
Minneapolis
Maddock Bank Holding Company, Maddock, North Dakota,
for approval to acquire 81.3 per cent of the voting
shares of Farmers State Bank, Maddock, North Dakota.
1/&2/
Minneapolis
Security Bancshares Co., Glencoe, Minnesota, for approval to acquire 83.5 per cent of the voting shares
of Security State Bank of Glencoe, Glencoe, Minnesota
and 94.7 per cent of the voting shares of The First
State Bank of Brownton, Bramton,. Minnesota. 2/
Kansas City
Frederick Holding Company, Stanberry, Missouri, for
approval to acquire 80 per cent or more of the voting
shares of Farmers State Bank Stanberry, Stanberry,
Missouri. 1/ & 2/
Dallas
Beltway Bancshares, Inc., Houston, Texas, for approval
to acquire 100 per cent (less directors1 qualifying
shares) of the voting shares of Beltway Bank, Houston,
Texas. 1/ & 2/
Dallas
Merkel Bancshares, Inc., Merkel, Texas, for approval to
acquire at least 80 per cent of the voting shares
(less directors' qualifying shares) of The Farmers and
Merchants National Bank of Mgrkel, Merkel, Texas. 1/ &
2/
Xf Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Ccmnunity Reinvestment Act. The Ccmnunity
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
I
H.2, 1979 No. 41
—
6
—
ACTIONS OF THE BQARCH^tinued
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Kansas City
Approved
FirstBank Holding Ccnpany, Lakewood, Colorado, for approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of FirstBank of
Governor's Ranch, N.A., Denver, Colorado, a proposed
new bank. 1/ & 2/
Kansas City
FirstBank Holding Company, Lakewood, Colorado, for approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of FirstBank of
Villa Italia, N.A., Lakewood, Colorado, a proposed new
bank. 1/ & 2/
Kansas City
First National Charter. Corporation, Kansas City, Missouri,
for approval to acquire 51 per cent or more of the
voting shares of Farmers Bank of Clinton, Clinton,
Missouri. 1/ & 2/
Kansas City
Wyoming Bancorporation, Cheyenne, Wyoming, for approval
to acquire 100 per cent (less directors' qualifying
shares) of the voting shares of First Wyoming Bank Douglas, Douglas, Wyoming, a proposed new bank. 1/ &
2/
Dallas
Southwest Bancshares, Inc., Houston, Texas, for approval
to acquire 100 per cent of the voting shares (less
directors' qualifying shares) of Dallas Bank and Trust
Company, Dallas, Texas. 1/ & 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c) (8) of the Bank Holding Ccnpany Act of 1956
Chicago
Delayed
Midland Mortgage Corporation, Detroit, Michigan, notification of intent to engage in de novo activities
(originating mortgages on single family residential
housing in Florida, Washington, D.C., Virginia,
Maryland and Michigan) at 360 First National Building, Detroit, Michigan (10/12/79) 3/
37 Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
http://fraser.stlouisfed.org/
Federal Reserve i,
Bank of• St. Louis
H.2, 1979 No. 41
- 7ACTIONS OF THE BOARD-Continued
Kansas City
First National Charter Corporation, Kansas City, Missouri,
notification of intent to engage in de novo activities
(to engage in mortgage banking activities) at 600 East
103rd Street, Kansas City, Missouri and on the premises
of CharterBank Lee's Surmit, 301 South Main, Lee's
Summit, Missouri, through its subsidiary, Charter
Bankers Mortgage Company (10/12/79) 3/
San
Francisco
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities
(to engage in credit related property insurance activities) in Normal, Illinois, through its indirect subsidiary, FinanceAmerica Corp. (Delaware) (10/12/79) 3/
New York
Permitted.
Chemical New York Corporation, New York, New York, notification of intent to engage in de novo activities
(making direct loans including loans secured by real
and personal property, purchasing installment sales
contracts; and acting as agent or broker for the sale
of life, accident and health and property and casualty
insurance directly related to such extensions of
credit) at 10604 North 28th Street, Phoenix, Arizona,
through its subsidiary, Sunamerica Corporation (10/10/79)
3/
New York
Chemical New York Corporation, New York, New York, notification of intent to engage in de novo activities
(in operating a finance company including making or
acquiring, for its own account loans and other extensions of credit and servicing loans and other extensions of credit? such activities Will include, but not
be limited to, making or acquiring loans to customers;
purchasing installment sales finance contracts; making
or acquiring, loans and other extensions of credit to
businesses (including inventory financing); making or
acquiring, extensions of credit secured by personal
property lease contracts; acting as agent or broker
for the sale of credit life, and credit accident and
health insurance directly related to its extensions of
credit) at 6433 Georgetown North Boulevard, Fort
Wayne, Indiana, through its subsidiary, Sunamerica
Corporation (10/11/79) 3/
New York
Chemical New York Corporation, New York, New York, notification of intent to relocate de novo activities
(making direct loans, including loans secured by real
and personal property, purchasing installment sales
3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
I
•
H.2, 1979 No. 41
e
-8ACTIONS OF THE BQARD-Continued
contracts; and acting as agent or broker for the sale
of life, accident and health and property and casualty
insurance directly related to such extensions of
credit) from 410 South Ndrfolk Street, San Mateo,
California to 2121 South El Camino Real, San Mateo,
California, through its subsidiary, Sunamerica Financial Corporation (10/10/79) 3/
Philadelphia
Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage through a
newly-formed indirect subsidiary known as Signal Finance of New Castle, Inc. (a Delaware Corporation)
having its principal office at Robinson Plaza Three,
Pittsburgh, Pennsylvania, in the following activities
(making installment loans for personal, family and
household purposes; purchasing sales finance contracts
executed in connection with the sale of personal,
family and household goods or services; selling credit
life insurance, including joint life insurance, and
credit accident and health insurance in connection
with certain installment loans made and sales finance
contracts purchased, and reinsuring such insurance
through Patrick Henry Life Insurance Company and
Patrick Henry Insurance Company, indirect subsidiaries
of Philadelphia National Corporation and generally
engaging in the business of a consumer finance company)
such activities will be engaged in throughout the
State of Delaware and contiguous portions of Maryland
and Pennsylvania from a proposed new office of Signal
Finance of New Castle, Inc. at 103 Penn Mart Center,
New Castle, Delaware (10/12/79) 3/
Cleveland
Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(to engage in mortgage banking activities. including
the making or acquiring and servicing, for its cwn account or the account of others, loans and other extensions of credit) in the Metropolitan area of Huntsville,
Alabama, in the Metropolitan area of Mobile, Alabama
and in the Metropolitan area of Ashville, North Carolina,
through a subsidiary, The Kissell Company (10/11/79)
3/
Richmond
Maryland National Corporation, Baltimore, Maryland, notification of intent to engage in de novo activities
(engaging generally in commercial lending operations
including, but not limited to, financing of accounts
receivable, inventories, and other types of secured
3/ 4 (c) (8) or 4 (c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
•
— 9—
H.2, 1979 No. 41
ACTIONS OF THE BQARD-Continued
and unsecured loans to cxxrmercial enterprises; servicing ccranercial loans for affiliated or nonaffilited
individuals, partnerships^ corporations or other
entities; and acting as advisor or broker in commercial lending transactions) at Robinson Plaza III
Building, Route 60, Robinson Township, Pittsburgh,
Pennsylvania, through its subsidiary, Maryland National
Industrial Finance Corporation (10/8/79) 3/
San
Francisco
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities
(to engage in lending, loans servicing, and credit
related life, accident and disability insurance activities) in Normal, Illinois, through its indirect subsidiary, FinanceAmerica Corporation (Delaware) (10/13/79)
y
San
Francisco
First Security Corporation, Salt Lake City, Utah, notification of intent to engage in de novo activities
(to engage in mortgage lending and loan servicing
activities) at 321 South 24th Street West, Billings,
Montana, through its subsidiary, Mortgage Loan Corporation (10/12/79) 3/
San
Francisco
Patagonia Corporation, Phoenix, Arizona, notification of
intent to engage in de novo activities (making or
acquiring, for its own account or for the account of
others, loans and other extensions of credit (including
issuing letters of credit and accepting drafts) such
as would be made, for example, by a mortgage, finance,
credit card, or factoring company) at 800 West 47th
Street, Kansas City, Missouri and 5251 West Westheimer,
Houston, Texas, through its subsidiary, Patagonia
Leasing Company (10/14/79) 3/
San
Francisco
Security Pacific Corporation, Los Angeles, California,
notification of intent to engage in de novo activities
(making or acquiring, for its cwn account or for the
account of others, mortgage loans, including development and construction loans on multi-family and commercial properties, and servicing such loans pursuant
to Section 225.4(a) (1) and (3) of Regulation Y) at 523
South Eighth Street, Minneapolis, Minnesota, through
its subsidiary, Security Pacific Mortgage Corporation
(10/13/79) 3/
37 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
1
H.2, 1979 No, 41
— 10 —
ACTIONS OF THE BGARD-Continued
San
Francisco
Wells Fargo & Ccnpany, San Francisco, California, notification of intent to engage in de novo activities (to
engage in lending, loan servicing, acting as investment
or financial adviser, leasing of real property, or
acting as agent- or broker in such leasing, and providing bookkeeping or data processing services) at 111
S.W. Columbia Street, Portland, Oregon, through its
subsidiary, Wells Fargo Realty Advisors (10/12/79) 3/
San
Francisco
Ziofis Utah Bancorporation, Salt Lake City, Utah, notification of intent to engage in de novo activities (to
engage iti itioftgagd lending,- loan servicing, and credit
related insurance agency activities) at 370 South 500
East, Clearfield, Utah, through its subsidiary, Zions
Mbiftgage Company (10/11/79) 3/
* * * * *
OeirtifiGatiofts Issued Pursuant to the Bank Holding
%
A # of 1976
GhippBVa Valley A#ncy Ltd., Inc.f Winter, Wisconsin,
prior certification pursuant to section 6158 (a) of the
Internal Revefiue Code, that the proposed sale of its
subsidiary, Winter Insurance Agency, is necessary or
^propriatB to effectuate sectioti 4 of th# Bank Holding & # a n y Act* IA#1 Divisidh Docket Wo. 76-178 */
* * * * *
totmftiifiatidra Isdudfl Pursuant to Section 2(g) (3)
of
Barik HqldingydOtt^ar^ Act / .
Fifst Charter Fihdfioidl Corporation ("First"), Syracuse,
iMiana# detemihatioA pursuant to section 2(g) (3) of
the iBank Holding Carpahy Act that First is not in fact
capable of ocntroliling'William K. Nellaris, Inc. ("Nellans")
Or it# principals, William K. Nellans and Christine G.
Nellans (''Nellans principals"), notwithstanding the
fact that N&llan^ and the Nellans principals are
indebted to First* */
3/4(c)(8) or 4(G) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
V Processed on behalf of the Board of Governors acting through its
General Counsel pursuant to delegated authority.
H.2, 1979 No. 41
- 11 ACTIONS OF 1HE BQARD-Continued
Agreements Filed Pursuant to Section 8 of the
Securities Exchange Act of 1934
Bank of Cornierce and Trust Corpany, Tulsa, Oklahona,
has filed an agreement with the Board undertaking to
comply with all provisions which relate to the use of
credit to finance transactions in securities.
-12-
H.2, 1979 No. 41
V
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
New York
United Citizens Bank, Winston-Salem, North Carolina.
Branch to be established at North Carolina Highway 150
North - South Main Street, Forsyth County (P.O. Kernersville). 2/
Chicago
Manufacturers Bank of Bay City, Bay City, Michigan.
Branch to be established on the west side of M-25
(Unionville Road) between Bay and Myers Streets,
Sekxtwaing Township, Huron County. 2/
San
Francisco
Farmers and Merchants Bank of Long Beach, Long Beach,
California. Branch to be established in the vicinity
of California Street and Kate 11a Avenue, Oregon. 2/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Kansas City
Mountain Valley Bank, Conieer, Colorado. 2/
* * * * *
To Merge Pursuant to Section 18(c) of the Federal
Deposit Insurance Act
New York
Fidelity Union Trust Company, Newark, New Jersey, to
merge with Livingston State Bank, Livingston, New
Jersey. 2/
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Chicago
The Elgin National Bancorp, Inc., Elgin, Illinois, for
approval to acquire 80 per cent or more of the voting
shares of The Elgin National Bank, Elgin, Illinois. 2/
27 Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the ccmnent period.
-13-
H.2, 1979 No. 41
APPLICATIGNS RECEBTED-Cmtinued
Chicago
Heritage Racine Corporation, Racine, Wisconsin, for approval to acquire 80 per cent or more of the voting
shares of Heritage Bank and Trust, Wind Point (P.O.
Racine), Wisconsin, Heritage National Bank of Racine,
Racine, Wisconsin, Heritage Bank-Mt. Pleasant, Mt.
Pleasant Township (P.O. Racine), Wisconsin, and Racine
County National Bank, Franksville, Wisconsin. 2/
Chicago
IRVING BANCORP, INC., Chicago, Illinois, for approval
to acquire 80 per cent or more of the voting shares of
The Irving Bank, Chicago, Illinois. 2/
St. Louis
Caddo Holding Company, Incorporated, Glenwood, Arkansas,
for approval to acquire 54 per cent of the voting
shares of Caddo State Bank, Glenwood, Arkansas. 2/
St. Louis
Quad County Bancshares, Inc., Viburnam, Missouri, for
approval to acquire 80.9 per cent of the voting shares
of Quad County State Bank, Viburnam, Missouri. 2/
St. Louis
Purdy Bancshares, Inc., Purely, Missouri, for approval
to acquire 88.8 per cent of the voting shares of First
State: Bank of Purdy, Purdy, Missouri* 2/
Minneapolis
Strasburg Bancorporation, Inc., Strasburg, North Dakota,
for approval to acquire 83.1 per cent of the voting
shares of Strasburg State Bank, Strasburg, North
Dakota. 2/
Kansas City
Beggs Bancshares, Inc., Beggs, Oklahoma, for approval
to acquire more than 80 per cent of the voting shares
of The Bank of Beggs, Beggs, Oklahoma. 2/
Kansas City
Blackwell Security Bancshares, Inc., Blackwell, Oklahoma,
for approval to acquire 80 per cent or more of the
voting shares (less directors' qualifying shares) of
Security Bank and Trust Company, Blackwell, Oklahoma.
1/
Kansas City
Pioneer Bancshares, Inc., Ponca City, Oklahoma, for approval to acquire 80 per cent or more of the voting shares
of Pioneer National Bank, Ponca City, Oklahoma. 2/
Kansas City
Reliable Bancshares, Inc., Albany, Missouri, for approval to acquire 80 per cent car more of the voting
shares of First State Bank of Pattonsburg, Pattonsborg,
Missouri. 2/
27 Application subject to Community Reinvestment Apt. The Gtignmunity
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1979 No. 41
— 14 —
APPLICATIONS PECEIVEEHCQntinued
Kansas City
Security State Bancorp, Inc., Mooreland, Oklahcma, for
approval to acquire 92.25 per cent of the voting
shares of The Security State Bank, Moore land,
Oklahcma. 2/
Dallas
Eagle Bancshares, Inc., Shallavater, Texas, for approval
to acquire 80-100 per cent of the voting shares (less
directors' qualifying shares) of First State Bank of
Shallcwater, Shallcwater, Texas. 2/
Dallas
Fannin Bancshares, Inc., Houston, Texas, for approval
to acquire 100 per cent of the voting shares (less
directors' qualifying shares) of Fannin Bank, Houston,
Texas. 2/
Dallas
• Moore"Bdticshares Corporation, Dumas, Texas, for approval
to acquire 80-100 per cent of the voting shares (less
directors1 qualifying shares) of First State Bank,
Dumas, Texas. 2/
Dallas
Texas Security Bancshares, Inc., Fort Worth, Texas, for
approval to acquire 80-100 per cent of the voting .
shared (less directors' qualifying shares) of Central
Bank and Trust, Fort Worth, Texas, and North Fort
Worth Bank, Fort Worth, Texas. 2/
Dallas
Western Bancorporation, Houston, Texas, for approval to
acquire 100 per cent of the voting shares (less directors' qualifying shares) of Western Bank, Houston,
Texas. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
New York
Banco Union C.A., Caracas, Venezuela, for approval to
directly acquire 15 per cent of the voting shares of
Union Chelsea National Bank, New York, New York. 2/
Chicago
Pacesetter Financial Corporation, Grand Rapids, Michigan,
for approval to acquire 100 per cent of the voting
shares of the successor by consolidation to The Almont
Savihgd Bank, Almont/ Michigan. 2/
27 Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank ray be contacted
as to the length of the corment period.
'
H.2, 1979 No. 41
— 15 —
APPLICATIONS RECEIVED
Chicago
Pacesetter Financial Corporation, Grand Rapids, Michigan,
for approval to acquire 100 per cent of the voting
shares of the successor by consolidation to Hillsdale
State Savings Bank, Hillsdale, Michigan. 2/
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota, for
approval to acquire 80 per cent or more of the voting
shares of Atlantic State Bank, Atlantic, Icwa. 2/
Kansas City
North Platte Corporation, Torrington, Wyoming, for approval to acquire an additional 9.71 per cent of the
voting shares of Wyoming Bancorporation, Cheyenne,
Weaning. 2/
Dallas
Allied Bancshares, Inc., Houston, Texas, for approval
to acquire 100 per cent of the voting shares (less
directors' qualifying shares) of Allied Mission Bend
Bank, Harris County, Texas, a proposed new bank. 2/
Dallas
Allied Bancshares, Inc., Houston, Texas, for approval
to acquire 100 per cent of the voting shares (less
directors1 qualifying shares) of Allied Nederland
Bank, Nederland, Texas, a proposed new bank. 2/
Dallas
Allied Bancshares, Inc. , Houston, Texas, for approval
to acquire 100 per cent of the voting shares (less
directors' qualifying shares) of Cypress Bank, Harris
County (P.O. Houston), Texas. 2/
Dallas
Allied Bancshares, Inc. , Houston, Texas, for approval
to acquire 100 per cent of the voting shares (less
directorsr qualifying shares) of Mercantile Bank of
Houston, Houston, Texas. 2/
Dallas
Allied Bancshares* Inc., Houston, Texas, for approval
to acquire 100 per cent of the voting shares (less
directors' qualifying shares) of Texas Bank and Trust
Company, Jacksonville, Texas. 2/
2/ Application subject to Community Reinvestment Act. The Community
~~ Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1979 No. 41
- 16 APPLICATIONS RECEIVEEKContinued
To Expand a Bank Holding Company Pursuant to Section
4(c) (8) of the Bank Holding Company Act of 1956
Boston
Old Stone Corporation, Providence, Rhode Island, notification of intent to engage in de novo activities
(the origination, sale and servicing of first and
second mortgage loans; and, in connection with extensions of credit, making available to borrowers
credit life and credit accident and health insurance)
at 6605 Abercorn Street, Chatham County, Savannah,
Georgia, through its indirect subsidiary, DAC Corporation of Georgia (10/10/79) 3/
Richmond
South Carolina National Corporation, Columbia, South
Carolina, notification of intent to engage in de novo
activities (making or acquiring, loans and other
extensions of credit for its own account such as would
be made by a consumer finance company, servicing loans
and other extensions of credit for the account of
others; and offering life, accident and health and
property insurance directly related to its extensions
of credit) at 109 Whitehall Road, Anderson, South
Carolina, through its subsidiary. Provident Finance
Corporation (10/9/79) 3/
Richmond
Southern National Corporation, Lumberton, North Carolina
for approval to retain 100 per cent ownership of the
shares of tfoified Investors Life Insurance Company,
Phoenix, Arizona.
r
Chicago
Indiana National Corporation, Indianapolis, Indiana,
for approval to continue to engage in the activities
of making, - acquiring, for its own account or for the
account of others, loans and other extensions of
credit, and leasing*real property or acting as agent,
broker, or adviser in leasing such property, through
^ its wholly-owned subsidiary, Indiana Mortgage Corporation, Indianapolis, Indiana.
Kansas City
Blackwell Security Bancshares, Inc., Blackwell, Oklahoma
for approval to engage de novo in the sale of credit
related insurance through an indirect subsidiary to be
known as Blackwell Security Insurance Agency, Inc.,
Blackwell, Oklahoma.:
3/ 4(c)(8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2, 1979 No. 41
-17APPLICATIONS RECEIVEI>Continued
Kansas City
Security Corporation, Duncan, Oklahoma, notification of
intent to engage in de novo activities (making or
acquiring, for its cwn account or for the account of
others, loans and other extensions of credit) at 9th
and Willcw, Duncan, Oklahoma (10/11/79) 3/
Dallas
CB&T Bancshares, Inc., Houston, Texas, notification of
intent to engage in de novo activities (to continue to
engage in leasing personal property) at offices in
Cleveland, Texas (10/9/79) 3/
San
Francisco
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities
(to engage in lending, loan servicing and credit related life, accident, disability and property insurance) at Space A-103, One New Market, Painesville,
Ohio, through its indirect subsidiaries, FinanceAmerica Corporation of Ohio and FinanceAmerica Discount Company of Ohio (10/9/79) 3/
San
Francisco
Security Pacific Corporation, Los Angeles, California,
notification of intent to engage in de novo activities
(to engage in mortgage lending and loan servicing
activities) in Greeley, Colorado, through its subsidiary, Security Pacific Mortgage Corporation (10/8/79)
3/.
San
Francisco
Security Pacific Corporation, Los Angeles, California,
notification of intent to engage in de novo activities
(to engage in credit related life, accident and health
insurance activities) at 2460 West 26th Avenue, Denver,
Colorado, through its subsidiary, Security Pacific
Mortgage Corporation (10/8/79) 3/
To Expand a Bank Holding Company Pursuant to Section
4 (c) (12) of the Bank Holding Company Act of 1956
Kansas City
AZL Resources, Inc., Phoenix, Arizona, notification of
intent to acquire various of the major operating
assets of Procor, Inc., which is headquartered at
5025 East Washington Street, Phoenix Arizona (10/11/79)
3/
3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2, 1979 No. 41
- 18 APPLICATIONS HECEIVED-Continued
REPORTS RECEIVED
None.
* * * * *
PETITION'S FOR RULEMAKING
None.
@FedFRASER