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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(ri.2, 1982 No. 42}
Actions of the Board; Applications and Reports
Received During the Week Ending October 16, 1982
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Reduction i n the basic discount rate from 10
percent to 9 1/2 percent, e f f e c t i v e at the
opening of the next business day, at a l l
Federal Reserve Banks except Cleveland,
e f f e c t i v e October 13.
The Federal Reserve Board adopted in f i n a l form
two proposed i n t e r p r e t a t i o n s of Regulation B
and withdrew three proposed amendments to the
r e g u l a t i o n ; the i n t e r p r e t a t i o n s w i l l become
e f f e c t i v e A p r i l 1, 1983 (Docket No. R-0203).
Atlanta
American Security Bancshares, I n c . , Welsh,
Louisiana, extension of time t o December 30,
1982, w i t h i n which t o become a bank holding
company through a c q u i s i t i o n of American
Bank, Welsh, Louisiana. V
Boston
Bankcore, I n c . , North Conway, New Hampshire,
extension of time t o November 8, 1982,
w i t h i n which t o become a bank holding company
through the a c q u i s i t i o n of North Conway
Bank, North Conway, New Hampshire. ]_/
St. Louis
C i t i z e n s ' National Corporation, L i n t o n , Indiana,
extension of time t o November 1, 1982, w i t h i n
which t o become a bank holding company through
the a c q u i s i t i o n of C i ti zens National Bank
of L i n t o n , L i n t o n , Indiana. V
Dal las
Colonial Bancshares of G r e e n v i l l e , I n c . , Greenv i l l e , Texas, extension of time to November 30,
1982, w i t h i n which to acquire Colonial Bank
of G r e e n v i l l e , G r e e n v i l l e , Texas. 1/
TJ
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 42
-
2
-
ACTIONS OF THE BOARD - Continued
Chicago
COMMERCIAL BANCSHARES, INC., Crown P o i n t , Indiana,
extension of time t o December 31, 1982, w i t h i n
which to become a bank holding company through
the a c q u i s i t i o n of 100 percent of the voting
shares of the successor by merger to The
Commercial Bank, Crown P oi nt, Indiana. ]_/
S t . Louis
Dumas Bancshares, I n c . , Dumas, Arkansas,
extension of time to October 30, 1982, w i t h i n
which to become a bank holding company through
the a c q u i s i t i o n of Dumas State Bank, Dumas,
Arkansas. J_/
St. Louis
Edmonton Bancshares, I n c . , Edmonton, Kentucky,
extension of time t o February 18, 1983, w i t h i n
which t o become a bank holding company through
the a c q u i s i t i o n of the successor by merger
t o Edmonton State Bank, Edmonton, Kentucky. ]_/
Minneapolis
Farmers Investment Company, I n c . , Eyota, Minnesota, extension of time t o November 16,
1982, w i t h i n which t o acquire: (1) F i r s t
Dover Investment Company, E l g i n ; (2) F i r s t
State Bank of Dover, Dover; (3) Elgin I n v e s t ment Company, E l g i n ; (4) El gin-Mi 11vi1le
State Bank, E l g i n ; and (5) Elgin Financial
Services, E l g i n , Minnesota. J_/
Chicago
F i r s t Busey Corporation, Urbana, I l l i n o i s ,
extension of time t o January 18, 1983, w i t h i n
which t o acquire 100 percent of the voting
shares of National Bank of Urbana, Urbana,
IIlinois. V
Cleveland
F i r s t National Company, P i k e v i l i e , , Kentucky,
extension of time t o January 23, 1983, w i t h i n
•which t o acquire The F i r s t National Bank of
P i k e v i l l e , P i k e v i l l e , Kentucky. V
St. Louis
Franklin Bancorp, I n c . , F r a n k l i n , Kentucky,
extension of time t o February 28, 1983, w i t h i n
which t o become a bank holding company
through the a c q u i s i t i o n of the successor
by merger t o Franklin Bank and Trust Company,
F r a n k l i n , Kentucky. 1/
]_/
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
i
H.2, 1982 No. 42
- 3 -
ACTIONS OF THE BOARD - Continued
At!anta
Gulf South Bancshares, I n c . , Gretna, Louisiana,
extension of time t o November 13, 1982, w i t h i n
which to become a bank holding company through
a c q u i s i t i o n of Gulf South Bank & Trust Company, Gretna, Louisiana, j y
Dallas
Kilgore F i r s t Bancorp, I n c . , K i l g o r e , Texas,
extension of time t o January 14, 1983, w i t h i n
which t o acquire Kilgore F i r s t National
Bank, K i l g o r e , Texas. V
Kansas City
Lakeshore Bancshares, I n c . , Oklahoma C i t y , Oklahoma, extension of time t o October 27, 1982,
w i t h i n which t o acquire Lakeshore Bank, N.A.,
Oklahoma C i t y , Oklahoma. J /
San
Francisco
Meridian Bancorp, Pleasant H i l l , C a l i f o r n i a ,
extension of time t o January 16, 1983, w i t h i n
which t o become a bank holding company through
the a c q u i s i t i o n of 100 percent of the voting
shares of the successor by merger t o Meridian
National Bank, Pleasant H i l l , C a l i f o r n i a . J J
Atlanta
Peoples Bancshares, I n c . , C l i f t o n , Tennessee,
extension of time t o December 31, 1982, w i t h i n
which t o become a bank holding company
through the a c q u i s i t i o n of Peoples Bank of
C l i f t o n , C l i f t o n , Tennessee. J_/
Chicago
Savanna Bancorp, I n c . , Savanna, I l l i n o i s ,
extension of time t o January 30, 1983, w i t h i n
which t o become a bank holding company through
the a c q u i s i t i o n of 80 percent or more of the
v o t i n g shares of Savanna State Bank, Savanna,
Illinois. J/
Chicago
Somonauk FSB Bancorp, I n c . , Somonauk, I l l i n o i s ,
extension of time t o January 30, 1983, w i t h i n
which to become a bank holding company through
the a c q u i s i t i o n of 100 percent of the v o t i n g
shares of the successor by merger t o Farmers
State Bank of Somonauk, Somonauk, I l l i n o i s . 1/
1/
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 42
ACTIONS OF THE BOARD - Continued
Boston
State Street Boston Corporation, Boston, Massachusetts, extension of time to January 10, 1983,
w i t h i n which to acquire through a purchased stock
option 16.6 percent of the voting shares of
Worcester Bancorp, I n c . , Worcester, Massachusetts. ] /
Atlanta
UBF Corporation, Dade C i t y , F l o r i d a , extension
of time t o January 10, 1983, w i t h i n which
to become a bank holding company through the
a c q u i s i t i o n of the Bank of Pasco County, Dade
City, Florida. J /
San
Francisco
U. S. Bancorp, Portland, Oregon, extension of time
t o January 23, 1983, w i t h i n which to commence
operation of a branch o f f i c e of U. S. T h r i f t &
Loan, Salt Lake C i t y , Utah. J /
Dallas
Wilson Bancshares, I n c . , Wilson, Texas, extension
of t i m e . t o January 30, 1983, w i t h i n which to
acquire Wilson State Bank, Wilson, Texas. J_/
Atlanta
Home Bank, I n c . , G u n t e r s v i l i e , Alabama, an investment i n bank premises. J /
Richmond
NCNB International Banking Corporation, New
York, New York, extension of time t o February 18,
1983, w i t h i n which to establish a branch in
Miami, F l o r i d a . J /
Atlanta
Bank of Clearwater, Clearwater, F l o r i d a , proposed
merger w i t h Clearwater Beach Bank, Clearwater,
F l o r i d a ; report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . J_/
Atlanta
Bank of New Roads, New Roads, Louisiana, proposed
merger w i t h BNR Bank, New Roads, Louisiana;
report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . V
Richmond
Chesapeake National Bank, Kilmarnock, V i r g i n i a ,
proposed merger with Chesapeake Bank, National
Association, Kilmarnock, V i r g i n i a , a proposed
new bank; report to the Comptroller of the
Currency on competitive f a c t o r s . J /
]7
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 42
ACTIONS OF THE BOARD - Continued
St. Louis
Community Bank, S t e e l v i l 1 e , Missouri, proposed
merger with F i r s t Community National Bank of
Crawford County, S t e e l v i l l e , Missouri; report
to the Federal Deposit Insurance Corporation
on competitive f a c t o r s . 1/
Boston
Depositors Trust Company of Southern Maine,
Portland, Maine, proposal to acquire the
assets and assume the l i a b i l i t i e s of Canal
National Bank, Portland, Maine, and Canal
Corporation, Portland, Maine; report to the
Federal Deposit Insurance Corporation on
competitive f a c t o r s . ) /
At I ante
Exchange Bank & Trust Company of F l o r i d a , Tampa,
F l o r i d a , proposed merger with Exchange Bank
of C o l l i e r County, Naples; Exchange National
Bank of Lake County, Clermont; Exchange Bank
of Lee County, Fort Myers; Exchange National
Bank of Manatee County, Bradenton; Exchange
Bank of Osceola, Kissimmee; Exchange Bank of
Polk County, Winter Haven; Exchange Bank of
Sarasota County, Sarasota; and Exchange Bank
of Charlotte County, N.A., Englewood, F l o r i d a ;
report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . J /
Atlanta
F i r s t American Bank of Palm Beach County, North
Palm Beach, F l o r i d a , proposed merger with
United National Bank, Cocoa Beach, F l o r i d a ;
report to the Federal Deposit Insurance
Corporation on competitive f a c t o r s . 1/
Richmond
F i r s t Bank of Ceredo, Ceredo, West V i r g i n i a ,
proposed merger w i t h FBC Bank, I n c . , Ceredo,
West V i r g i n i a , a proposed new bank; report
to the Federal Deposit Insurance Corporation
on competitive f a c t o r s . J_/
Philadelphia
F i r s t National Bank of Bath, Bath, Pennsylvania,
proposal t o merge with FB National Bank, Bath,
Pennsylvania; report to the Comptroller of
the Currency on competitive f a c t o r s . 1/
]_/
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 42
- 6 -
ACTIONS OF THE BOARD - Continued
At 1anta
F i r s t National Bank of P i k e v i l l e , P i k e v i l l e ,
Tennessee, proposed merger with F i r s t Phantom
National Bank, P i k e v i l l e , Tennessee; report
t o the Comptroller of the Currency on comp e t i t i v e f a c t o r s . ]_/
Chicago
F i r s t Sub Bank, T a y l o r v i l l e , I l l i n o i s , proposed
merger w i t h F i r s t Trust and Savings Bank of
T a y l o r v i l l e , T a y l o r v i l l e , I l l i n o i s , under the
charter of F i r s t Sub Bank and t i t l e of F i r s t
Trust and Savings Bank of T a y l o r v i l l e ; report
to the Federal Deposit Insurance Corporation
on competitive f a c t o r s . J_/
Richmond
Flat Top National Bank of B l u e f i e l d , B l u e f i e l d ,
West V i r g i n i a , proposed merger with FTNB,
National A s s o c i a t i o n , B l u e f i e l d , West V i r g i n i a ,
a proposed new bank; report to the Comptroller
of the Currency on competitive f a c t o r s . J_/
Atlanta
Florida Coast Bank, Pompano Beach, F l o r i d a , proposed merger w i t h Deer Creek Bank, D e e r f i e l d
Beach, F l o r i d a ; report t o the Federal Deposit
Insurance Corporation on competitive f a c t o r s . J_/
Atlanta
Gulfstream Bank, N.A., Boca Raton, F l o r i d a , proposed merger w i t h Peoples Downtown National
Bank, Miami, F l o r i d a ; report t o the Comptroller
of the Currency on competitive f a c t o r s . J_/
Boston
Newworld Bank f o r Savings, Boston, Massachusetts,
proposal t o consolidate w i t h Bass River Savings
Bank, South Yarmouth, Massachusetts; report
to the Federal Deposit Insurance Corporation
on competitive f a c t o r s . ]_/
Richmond
Northwestern Bank, North Wi1kesboro, North
Carolina, proposed merger w i t h Cabarrus Bank
and Trust Company, Concord, North Carolina;
report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . J /
Atlanta
Park Avenue Bank, Valdosta, Georgia, proposed
merger w i t h New Valdosta I n t e r i m , I n c . ,
Valdosta, Georgia; report t o the Federal
Deposit Insurance Corporation on competitive
f a c t o r s . 1/
T7
Sjpplication processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 42
- 7 -
ACTIONS OF THE BOARD - Continued
Dallas
Plaza Bank, N.A., Harlingen, Texas, proposal to
merge with Plaza National Bank, Harlingen,
Texas; report to the Comptroller of the Currency
on competitive f a c t o r s . J_/
Chicago
Sherman Community Bank, Sherman, I l l i n o i s , proposed merger w i t h SCB Bank, Sherman, I l l i n o i s ,
under the charter of SCB Bank and t i t l e of
Sherman Community Bank; report to the Federal
Deposit Insurance Corporation on competitive
factors. J /
Chicago
Stonington Community Bank, Stonington, I l l i n o i s ,
proposed merger w i t h SCB Bank, Stonington,
I l l i n o i s , under the charter of SCB Bank and
t i t l e of Stonington Community Bank; report
t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . ]_/
Atlanta
West Central Georgia Bank, Thomaston, Georgia,
proposed merger with West Central Georgia
I n t e r i m Corporation, Thomaston, Georgia;
report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . J /
17
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 42
- 8 -
ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant
t o Section 9 of the Federal Reserve Act
Approved
North F i r s t Bank, North Fort Myers, F l o r i d a . To
e s t a b l i s h a branch at the Southwest Regional
J e t p o r t i n Lee County, F l o r i d a . V
Atlanta
Dal las
F i r s t State Bank, Abilene, Texas. To e s t a b l i s h
an o f f s i t e e l e c t r o n i c f a c i l i t y i n Abilene,
Texas. J /
San
Francisco
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles,
C a l i f o r n i a . To e s t a b l i s h a branch o f f i c e t o be
located i n the v i c i n i t y of the i n t e r s e c t i o n
of Betteravia Road and M i l l e r S t r e e t , City of
Santa Maria, Santa Barbara County, C a l i f o r n i a . 1/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant t o Section 9 of the Federal Reserve Act
San
Francisco
Approved
American P a c i f i c State Bank, Sun V a l l e y ,
C a l i f o r n i a . 1/
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*
Issued I n t e n t Not t o Disapprove Change of Control
Pursuant t o Change i n Bank Control Act of 1978
Dallas
Not Disapproved
Bangs Bancshares, I n c . , Bangs, Texas. 1/
San
Francisco
G r a n d v i l l e Financial Holdings L t d . , Hong
Kong. ]_/
y
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 42
- 9 -
ACTIONS OF THE BOARD - Continued
Applications and N o t i f i c a t i o n s f o r International
Investments and Other Actions Pursuant t o Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4(c)(13)
of the Bank Holding Company Act of 1956, as amended
Boston
New York
Boston
Approved
Rhode Island Hospital Trust National Bank,
Providence, Rhode Island: grants approval
t o change the name of an Edge Corporation
located i n Miami, Florida from Hospital Trust
International Banking Corporation to RIHT
International Banking Corporation (10/13/82) J /
I r v i n g International Financing Corporation,
New York, New York: grants consent to purchase
and hold, d i r e c t l y or i n d i r e c t l y , additional
shares of Si am Leasing S.p.A., Rome, I t a l y .
Sixty-Day N o t i f i c a t i o n Period Allowed t o Expire
The F i r s t National Bank of Boston, Boston,
Massachusetts: no objection to make an
additional investment in Boston Bank
Cameroon, S.A., Douala, United Republic of
Cameroon.
New York
Citibank Overseas Investment Corporation, Wilmingt o n , Delaware: no objection t o acquire, d i r e c t l y
or i n d i r e c t l y , a l l the c a p i t a l stock of a de novo
commercial finance company, C i t i c o r p AB, Stockholm, Sweden.
Dal las
Mercantile Texas Corporation, Dallas, Texas: no
o b j e c t i o n to make an additional investment in
Mercantile Texas Overseas Finance N.V.,
Curacao, Netherlands A n t i l l e s .
*
JV
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*
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 42
- 10 -
ACTIONS OF THE BOARD - Continued
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Philadelphia
Approved
Heritage Financial Services Corporation, Lewistown, Pennsylvania, f o r approval to acquire 100
percent of the voting shares of The Russell
National Bank, Lewistown, Pennsylvania. J /
Atlanta
BancSouth, I n c . , Abbeville, Alabama, for approval
to acquire at least 80 percent- of the voting
shares of The Bank of Abbeville, Abbeville,
Alabama and Bank of Cottonwood, Cottonwood,
Alabama.
Atlanta
City Savings Bancshares, I n c . , DeRidder, Louisiana,
for approval to acquire 100 percent of the voting
shares of City Savings Bank & Trust Company,
DeRidder, Louisiana. V
Atlanta
Dadeland Bancshares, I n c . , Miami, Florida, for
approval to acquire 100 percent of the voting
shares of Dadeland Bank, Miami, Florida. ]_/
Atlanta
Interstate Bank Holding Company, Coral Gables,
F l o r i d a , for approval to acquire at least 80
percent of the voting shares of The Bank of
Coral Gables, Coral Gables, Florida. V
Atlanta
Wakulla Bancorp, Crawfordvilie, Florida, for
approval to acquire at least 80 percent of
the voting shares of Wakulla County State
Bank, Crawfordvilie, Florida. ] /
Kansas City
Citadel Bankshares. I n c . , Wichita, Kansas, for
approval to acquire at least 90.12 percent of
the voting shares of East Side Bank and Trust,
Wichita, Kansas. J /
Kansas City
Citizens Bank Services, I n c . , Abilene, Kansas,
for approval to acquire at least 91.75 percent
of the voting shares of Citizens Bank of Abilene, Abilene, Kansas. 1/
jy
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H
H.2, 1982 No. 42
- 11 -
ACTIONS OF THE BOARD - Continued
Kansas City
Cloud County Bancshares, I n c . , Concordia,
Kansas, for approval to acquire at least 80
percent of the voting shares of Cloud County
Bank and Trust, Concordia, Kansas. J /
Kansas City
F i r s t Frankfort Bancshares, I n c . , Frankfort,
Kansas, f o r approval t o acquire at least 80
percent of the voting shares of F i r s t National
Bank in Frankfort, Frankfort, Kansas. V
Kansas City
Galva Bancshares, I n c . , Galva, Kansas, for
approval to acquire at least 95 percent of
the voting shares of The Farmers State Bank,
Galva, Kansas. J /
Kansas City
Harper Bancshares, I n c . , Harper, Kansas, for
approval t o acquire 100 percent of the voting
shares of F i r s t National Bank in Harper,
Harper, Kansas. ]J
Kansas City
Lebo Bancshares, I n c . , Lebo, Kansas, for approval
to acquire at least 80 percent of the voting
shares of The State Bank of Lebo, Lebo, Kansas. J /
Kansas City
Plainview Holding Co., Plainview, Nebraska, f o r
approval to acquire at least 80 percent of the
voting, shares of Plainview National Bank, Plainview, Nebraska. \J
Dallas
Moody Bancshares, I n c . , Galveston, Texas, for
approval to acquire at least 80 percent of
the voting shares of The Moody National Bank
of Galveston, Galveston, Texas. ]_/
Dallas
Rochester Bancshares, I n c . , Rochester, Texas, for
' approval to acquire at least 83.6 percent of
the voting shares of The Home State Bank,
Rochester, Texas. V
San
Francisco
APSB Bancorp, North Hollywood, C a l i f o r n i a , for
approval to acquire 100 percent of the voting
shares of American Pacific State Bank, Sun
Valley, C a l i f o r n i a . 1/
T7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
e
H.2, 1982 No. 42
- 12 -
ACTIONS OF THE BOARD - Continued
Cleveland
Denied
United Midwest Bancshares, I n c . , C i n c i n n a t i ,
Ohio, f o r approval t o acquire 100 percent
of the voting shares of Southern Ohio Bank,
C i n c i n n a t i , Ohio.
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To Expand a Bank Holding Company Pursuant t o Section
3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956
Atlanta
Approved
F i r s t Alabama Bancshares, I n c . , Montgomery,
Alabama, f o r approval t o acquire 100 percent
of the voting shares of South Baldwin Bank,
Foley, Alabama. V
Chicago
Mid-Central Bancshares Corporation, Charleston,
I l l i n o i s , f o r approval t o acquire up t o 51
percent of the voting shares of Ashmore State
Bank, Ashmore, I l l i n o i s . ]_/
Kansas City
F i r s t Midwest Bancorp., I n c . , St. Joseph,
M i s s o u r i , f o r appproval t o acquire at least
90 percent of the v o t i n g shares of The Farmers
Bank of M a y s v i l l e , M a y s v i l l e , Missouri. J J
Dallas
Summit Bancshares, I n c . , Fort Worth, Texas, f o r
approval t o acquire 100 percent of the voting
shares of A l t a Mesa National Bank, Fort Worth,
Texas. J /
Dallas
Texas Commerce Bancshares, I n c . , Houston, Texas,
f o r approval t o acquire 100 percent of the
voting shares of Texas Commerce Bank-Northcross,
N.A., A u s t i n , Texas, a proposed new bank. V
*
JJ
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*
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 42
- 13 -
ACTIONS OF THE BOAkU - Continued
To Expand a Bank Holding Company Pursuanc to Section
3(a)(5) of the Bank Holding Company Act of 1956
Approved
Bank of New England Corporation, Boston, Massachusetts, f o r approval to merge with The Hancock
Group, Incorporated, Quincy, Massachusetts.
Boston
*
*
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*
*
To Expand a Bank Holding Company Pursuant co Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
San
Francisco
Kansas C i t y
New York
Returned
Utah Bancorporation, Salt Lake C i t y , Utah, n o t i f i c a t i o n of i n t e n t t o engage in tie novo a c t i v i t i e s
( f o r the i n d u s t r i a l loan corporation a c t i v i t i e s
of the subsidiary in the manner authorized by
Utah state law, i n c l u d i n g the acceptance of
time and savings deposits and making, acquiring
and s e r v i c i n g loans and other extensions of
c r e d i t ) at the corner of 2300 East and 3300
South, Salt Lake C i t y , Utah, serving the market
area surrounding the l o c a t i o n , through i t s subs i d i a r y , Intermountain T h r i f t and Loan (10/15/82) 3/
Approved
United Bancorporation of Wyoming, inc.> Jackson,
Wyoming, f o r approval t o acquire 100 percent
of the assets and l i a b i l i t i e s of Jackson State
Insurance Agency, Jackson, Wyoming, and thereby
d i r e c t l y engage in general insurance a c t i v i t i e s
i n a community w i t h a oopulation of less than
5,000. 2 /
Permitted
Barclays Bank PLC and Barclays Bank I n t e r n a t i o n a l
L i m i t e d , both of London, England, request permission to expand the a c t i v i t i e s of 100 e x i s t i n g
o f f i c e s (wholesale financing [ f l o o r planning]) in
Idaho F a l l s , Boise ( 2 ; , M^:na and Payeite in
Idaho; Leavenworth anc _,r Lion City in Kansas;
F l i n t , Michigan; A!bu'L&'\.,c, Alamogordo, Carlsbad,
2/
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y ,
H.2, 1982 No. 42
- 14 -
ACTIONS OF THE BOARD - Continued
C l o v i s , Farmington, Hobbs and Lovington, New
Mexico; Corning, Cortland, Glens F a l l s , Middletown, Newburgh, Seneca F a l l s and Syracuse in
New York; Ashtabula, Find!ay, North Canton,
A l l i a n c e , MassilIon, K i t t e r i n g , Hamilton,
S p r i n g f i e l d , Reynoldsburg, S t e v e n v i l i e , Lorain,
Z a n e s v i l i e , M i l l i a r d , Grove C i t y , Fairview Park,
Maple Heights, P a i n e s v i l l e , Parma, Parma Heights,
Akron, Akron-Chapel H i l l , Akron-W. Market,
Maumee, Toledo-West, Northwood, Batama, Cinc i n n a t i ( 5 ) , Loveland, Mil ford 5 Columbus, Columb u s - A r l i n g t o n , Columbus-Grace!and, ColumbusRevolving and Columbus-Great Western in Ohio;
B a r t l e s v i 1 1 e , Oklahoma; Salem Candolaria, Salem,
Salem-Keizer, Portland ( 6 ) , Eugene, Milwaukie,
Baker, Redmond, Hi 11sboro, Gresham, Albany and
Bend in Oregon; Lancaster,, Baden and Lower
Burrel1 in Pennsylvania; Huron, Rapid City
and Sioux F a l l s in South Dakota; A m a r i l l o , Berger,
Corpus C h r i s t i , Houston, K i n g s v i l i e , Midland
and San Antonio (2) in Texas; Seattle-Lake C i t y ,
Seattle-Westlake, S e a t t l e , Auburn, Bel 1ingham,
K i r k l a n d , Tacoina, Vancouver and East Wenatchee
i n Washington, through t h e i r s u b s i d i a r y , BarclaysAmericanCorporation (10/9/82) 3/
New York
3/
The Chase Manhattan Corporation, New York, New York,
requests permission t o e s t a b l i s h a de novo o f f i c e
engaging i n the f o l l o w i n g a c t i v i t i e s (making or
a c q u i r i n g , f o r i t s own account or for the account
of o t h e r s , loans and other extensions of c r e d i t
secured by real estate i n c l u d i n g , but not l i m i t e d
t o , f i r s t and second mortgage loans secured by
mortgages on one-to-four family r e s i d e n t i a l prop e r t i e s ; s e r v i c i n g loans and other extensions of
c r e d i t f o r any person, s e l l i n g mortgage loans in
the secondary market and o f f e r i n g mortgage term
l i f e insurance, accident and health insurance
and d i s a b i l i t y insurance d i r e c t l y related to such
lending and s e r v i c i n g a c t i v i t i e s ) at 1801 Lee
Road, Winter Park, F l o r i d a , through i t s s u b s i d i a r y ,
Chase Home Mortgage Corporation of the Southeast
(10/15/82) 3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
I
L
No. 42
15
ACTIONS UF THE BOARD - Continued
New
r*
Chemical New York Corporation, New York, New York,
requests permission to relocate an e x i s t i n g o f f i c e
engaging in the f o l l o w i n g a c t i v i t i e s (operating as
an i n d u s t r i a l bank in the manner authorized by the
laws of the State of Colorado, including receiving
time savings deposits; making d i r e c t loans and
purchasing sales finance contracts and such other
extensions of c r e d i t as would be made or acquired
by an i n d u s t r i a l bank and making available to i t s
debtors, c r e d i t related insurance) from 2202 East
Bijou Street to 4905 North Union Boulevard,
Colorado Springs, Colorado, through i t s subsidiary,
SunAmerica Corporation (10/13/82) 3/
Philadelphia
Northern National Corporation, Moorestown, New
Jersey, n o t i f i c a t i o n of i n t e n t to engage in
de novo a c t i v i t i e s (providing management cons u l t i n g services to n o n - a f f i l i a t e d banks and
non-bank depository i n s t i t u t i o n s ) at 103 Spinger
B u i l d i n g , 3411 S i l v e r s i d e Road, Wilmington,
Delaware; The Dorchester, Suite 101, 226 West
Rittenhouse Square, Philadelphia, Pennsylvania
and 312 West Route 38 Eastgate Drive, Moorestown,
New Jersey, serving the states of Delaware,
Pennsylvania and New Jersey, through a s u b s i d i a r y ,
Northern National Financial Corporation (10/12/82) 3/
Richmond
Maryland National Corporation, Baltimore, Maryland,
n o t i f i c a t i o n of i n t e n t to engage in de novo
a c t i v i t i e s (engaging generally in commercial
lending operations i n c l u d i n g , but not l i m i t e d
t o , financing of accounts receivable, i n v e n t o r i e s ,
and other types of secured and unsecured loans to
commercial e n t e r p r i s e s ; servicing commercial loans
f o r a f f i l i a t e d or n o n a f f i l i a t e d i n d i v i d u a l s , p a r t nerships, corporations or other e n t i t i e s ; and
acting as advisor or broker in commercial lending
transactions) at 250 North Sunnyslope Road, Suite
345, B r o o k f i e l d , Wisconsin, through i t s subsidiary,
Maryland National I n d u s t r i a l Finance Corporation
(10/13/82) 3/
/
%{€/(o) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
i-Oxjro j t Governors under delegated a u t h o r i t y .
I
H.2, 1982 No. 42
-16-
ACTIONS OF THE BOARD - Continued
Atlanta
F i r s t Jefferson Corporation, B i l o x i , M i s s i s s i p p i ,
n o t i f i c a t i o n of i n t e n t to engage in de novo
a c t i v i t i e s (making of loans to persons, p a r t nerships, c o r p o r a t i o n s , and other legal e n t i t i e s
and to engage i n d i r e c t l y in making or acquiring
loans and other extensions of c r e d i t as would
be made by a mortgage company) at 500 West
Howard Avenue, B i l o x i , M i s s i s s i p p i , through i t s
s u b s i d i a r i e s , F i r s t Jefferson Financial Services,
Inc. and F i r s t Jefferson Mortgage Company
(10/13/82) 3/
Chicago
Heritage Wisconsin Corporation, Wauwatosa, Wisconsin,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( t o engage in the sale of crop h a i l insurance
i n connection w i t h a g r i c u l t u r a l loans) at 2323
North Mayfair Road, Milwaukee, Wisconsin; Heritage
Bank B e l o i t , 500 East Grand Avenue, B e l o i t , Wisconsin, and Heritage Bank of West Bend, 868 South
Main S t r e e t , West Bend, Wisconsin, serving the
B e l o i t and West Bend communities and surrounding
r u r a l areas, through i t s s u b s i d i a r y , Heritage I n surance Agency, Inc. (10/15/82) 3/
San
Francisco
Canadian Imperial Bank of Commerce, Toronto, Canada
and Canadian Imperial Holdings, I n c . , Wilmington,
Delaware, n o t i f i c a t i o n of i n t e n t to relocate the
headquarters of t h e i r i n d i r e c t subsidiary and to
engage i n the f o l l o w i n g a c t i v i t i e s ( t o engage in
the leasing of real and personal p r o p e r t y , the
proposed leasing a c t i v i t i e s w i l l consist p r i m a r i l y
of l a r g e - s c a l e , commercial leases) from Chicago,
I l l i n o i s t o New York, New York, serving the
States of New York, C a l i f o r n i a , I l l i n o i s , Georgia
and Pennsylvania, through an i n d i r e c t s u b s i d i a r y ,
Canadian Imperial Leasing, Inc. (10/15/82) 3/
San
Francisco
Lloyds Bank I n t e r n a t i o n a l Limited (LB I ) London, England
and Lloyds Bank P i c . , London, England, n o t i f i c a t i o n
of i n t e n t t o engage i n de novo a c t i v i t i e s ( i n the
a c t i v i t y of rendering f i n a n c i a l advisory services to
companies i n c l u d i n g advice as t o the optimum types of
debt or lease financing f o r a customer and assistance i n the o b t a i n i n g and s e r v i c i n g of such financing
from appropriate sources) at 88 Pine S t r e e t , New York,
New York from which employees of the subsidiary would
service the United States, Canada and Central and
South America, through a de novo subsidiary of LBI
(10/15/82) 3/
3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 42
- 17 -
ACTIONS OF THE BOARD - Continued
San
Francisco
3/
Wells Fargo & Company, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s (making or acquiring loans and
other extensions of c r e d i t , i n c l u d i n g consumer
i n s t a l l m e n t loans o r i g i n a t e d by o t h e r s , and
commercial loans secured by a borrower's or
a guarantor's assets; s e r v i c i n g loans f o r the
account of others making f u l l pay-out leases
of personal property i n accordance w i t h the
Board's Regulation Y; and acting as agent
f o r c r e d i t l i f e or accident and health insurance
r e l a t e d t o i t s extensions of c r e d i t ) at 12201
Merit D r i v e , Suite 820, D a l l a s , Texas, serving
Texas, Arkansas, Louisiana, New Mexico, and
Oklahoma, through i t s s u b s i d i a r y , Wells Fargo
Credit Corporation (10/15/82) 3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 42
-
18
-
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant t o
Section 9 of the Federal Reserve Act
New York
F i r s t State Bank, Canisteo, New York. To establ i s h a branch o f f i c e at the Southeast corner
of the i n t e r s e c t i o n of NYS Route 36 and East
Avenue Extension in the Town of Hornel1svi1le,
Steuben County, New York. 2/
Richmond
Union Trust Company of Maryland, Baltimore,
Maryland. To e s t a b l i s h a branch .at 721-723
Hammonds Ferry Road, Linthicum Heights,
Anne Arundel County, Maryland. 2/
Richmond
Union Trust Company of Maryland, Baltimore,
Maryland. To e s t a b l i s h a customer-bank
communication terminal at 941 R i t c h i e Highway,
Severna Park, Anne Arundel County, Maryland. 2/
Atlanta
F i r s t Independence Bank, Fort Myers, F l o r i d a .
To e s t a b l i s h a branch located at 2301 Estero
Boulevard, Fort Myers Beach, F l o r i d a . 2/
Chicago
The De Kalb Bank, De Kalb, I l l i n o i s . To establ i s h an o f f s i t e e l e c t r o n i c f a c i l i t y at 1320
Sycamore Road, De Kalb, I l l i n o i s . 2/
Chicago
Hawkeye-Capital Bank & T r u s t , Des Moines, Iowa,
t o e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y
at Des Moines General H o s p i t a l , 603 East 12th,
Des Moines, Iowa. 2/
San
Francisco
The P r i n e v i l l e Bank, P r i n e v i l i e , Oregon. A p p l i cation f o r a branch o f f i c e in the v i c i n i t y of
the i n t e r s e c t i o n of Christmas Valley Road
and Christmas Tree Lane, City of Christmas
V a l l e y , Lake County, Oregon. 2/
*
77
*
*
*
*
A p p l i c a t i o n subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
H.2, 1982 No. 42
- 19 -
APPLICATIONS RECEIVED - Continued
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other Actions Pursuant t o Sections
25 and 25(a) of the Federal Reserve Act and Sections
4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company
Act of 1956, as amended
Minneapolis
Northwestern National Bank of Minneapolis,
Minneapolis, Minnesota, requests permission t o
convert the Miami branch of A p p l i c a n t ' s subs i d i a r y , Northwest I n t e r n a t i o n a l Bank, t o a
separate Edge Act Corporation.
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o Section
3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956
New York
U.S.B. Holding Co., I n c . , Nanuet, New York, f o r
approval t o acquire 100 percent of the voting
shares of Union State Bank, Nanuet, New York. 2/
New York
The Wilber Corporation, Oneonta, New York, f o r
approval t o acquire 100 percent of the voting
shares of Wilber National Bank, Oneonta, New
York. 2/
Cleveland
F & M Bancorp, Miamisburg, Ohio, f o r approval t o
acquire 100 percent of the voting shares of
The Farmers and Merchants Bank, Miamisburg,
Ohio. 2/
Cleveland
Peoples Bank Corporation of Berea, Berea, Kentucky,
f o r approval t o acquire 100 percent of the v o t i n g
shares of Peoples Bank and Trust Company, Berea,
Kentucky. 2/
Atlanta
Citco Bancshares, I n c . , E l i z a b e t h t o n , Tennessee, f o r
approval t o acquire 100 percent of the voting shares
of C i t i z e n s Bank, E l i z a b e t h t o n , Tennessee. 2]
Atlanta
Clay County Bancshares, I n c . , Celina, Tennessee, f o r
approval t o acquire at least 80 percent of the
voting shares of Clay County Bank, Celina, Tennessee. 2/
2/
A p p l i c a t i o n subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 42
- 20 -
APPLICATIONS RECEIVED - Continued
Atlanta
Columbia Bancing Company, Columbia, Alabama, for
approval t o acquire at least 80 percent of the
voting shares of Bank of Columbia, Columbia,
Alabama. 2/
Atlanta
Bank of Gonzales Holding Company, I n c . , Gonzales,
Louisiana, for approval to acquire at least
80 percent of the voting shares of Bank of
Gonzales, Gonzales, Louisiana. ZJ
Chicago
BANKCAP, INC., Poland, Indiana, for approval to
acquire at least 81.52 percent of the voting
shares of Peoples State Bank of Clay County,
Poland, Indiana. 2/
Chicago
F i r s t Lena Corporation, Lena, I l l i n o i s , for approval
t o acquire at least 80 percent of the voting shares
of Citizens State Bank of Lena, Lena, I l l i n o i s . 2/
Chicago
Kane County Bancshares, I n c . , Elburn, I l l i n o i s , for
approval to acquire 100 percent of the voting shares
(less d i r e c t o r s ' q u a l i f y i n g shares) of the successor
by merger to Kane County Bank and Trust Co., Elburn,
I l l i n o i s . 2J
Chicago
LeClaire Agency, I n c . , LeClaire, Iowa, for approval
to acquire at least 80 percent of the voting shares
of LeClaire State Bank, LeClaire, Iowa. 2/
Chicago
Princeton Agency, I n c . , Princeton, Iowa, for approval
t o acquire at least 80 percent of the voting shares
of Farmers Savings Bank, Princeton, Iowa. 2/
St. Louis
Hillsboro Bancshares, I n c . , H i l l s b o r o , Missouri,
f o r approval to acquire 100 percent of the voting
shares of Bank of H i l l s b o r o , H i l l s b o r o , Missouri. 2J
St. Louis
Wayne Bancshares, I n c . , Monticello, Kentucky, f o r
approval to acquire at least 80 percent of the
voting shares of City and County Bank of Wayne
County, Monticello, Kentucky (formerly Peoples
State Bank). 2/
Minneapolis
Bay Area Banking Shares, I n c . , Ashland, Wisconsin,
f o r approval to acquire at least 80 percent of
the voting shares of Northern State Bank,
Ashland, Wisconsin. 2/
77
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 42
- 21 -
APPLICATIONS RECEIVED - Continued
Minneapolis
Dairyland State Bancorporation, I n c . , Bruce,
Wisconsin, f o r approval t o acquire at least
93.3 percent of the voting shares of Dairyland
State Bank, Bruce, Wisconsin. 2/
Minneapolis
Eau C l a i r e Financial Services, I n c . , Eau C l a i r e ,
Wisconsin, f o r approval to acquire at least
88.3 percent of the voting shares of London
Square Bank, Eau C l a i r e , Wisconsin. 2/
Minneapolis
Gary Holding Company, Gary, South Dakota, f o r
approval to acquire at least 83 percent of the
voting shares of Gary State Bank, Gary, South
Dakota. 2/
Minneapolis
Goodhue County Financial Corporation, Red Wing,
Minnesota, f o r approval to acquire at least
80 percent of the voting shares of The Goodhue
County National Bank of Red Wing, Red Wing,
Minnesota. 2/
Minneapolis
Hebron Banshares, I n c . , Omaha, Nebraska, f o r
approval t o acquire at least 80 percent of the
voting shares of Security Bank of Hebron,
Hebron, North Dakota. 2j
Minneapolis
The Merchants Holding Company, Winona, Minnesota,
f o r approval t o acquire 100 percent of the voting
shares of The Merchants National Bank, Winona,
Minnesota. 2/
Kansas City
C & M Bancshares, I n c . , Cameron, Missouri, f o r approval
t o acquire at least 78 percent of the voting shares
of Memphis Bancshares, I n c . , Memphis, Missouri and
i n d i r e c t l y 90 percent of Farmers & Merchants Bank,
Memphis, Missouri and 100 percent of the voting
shares of Cameron Bancshares, I n c . , Cameron, Missouri
and i n d i r e c t l y 80 percent of Cameron State Bank,
Cameron, Missouri. 2J
Kansas City
Guarantee State Bancshares, I n c . , Mangum, Oklahoma,
f o r approval t o acquire at least 80.0 percent of
the voting shares of The Guarantee State Bank,
Mangum, Oklahoma.
27
A p p l i c a t i o n subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 42
- 2 2 -
APPLICATIONS RECEIVED - Continued
Dallas
Camino Real Bancshares, I n c . , Carrizo Springs,
Texas, f o r approval t o acquire 100 percent
of the voting shares of F i r s t National Bank
of Dimmit County, Carrizo Springs, Texas. 2/
Dallas
F i r s t Jacksboro Bancshares, I n c . , Jacksboro,
Texas, f o r approval t o acquire at least 80
percent of the voting shares of The F i r s t
National Bank of Jacksboro, Jacksboro, Texas. 2/
Dallas
Franklin Bancshares, I n c . , F r a n k ! i n , Texas, f o r
approval t o acquire 80 percent of the voting
shares of The F i r s t National Bank of F r a n k l i n ,
F r a n k ! i n , Texas. 2J
Dallas
G-6 Corporation, Mesquite, Texas, f o r approval
t o acquire at l e a s t 95.57 percent of the voting
shares of F i r s t State Bank, Mesquite, Texas. 2/
Dallas
Gulf Southwest Bancorp, I n c . , Houston, Texas, f o r
approval t o acquire at least 80 percent of the
voting shares of League City National Bank,
Houston, Texas and A l v i n Community Bank, N.A.,
A l v i n , Texas; and t o merge w i t h Westgrove
Corporation, Houston, Texas and i n d i r e c t l y
acquire at least 80 percent of Southern State
Bank, South Houston, Texas and to merge with
Gulf Southwest Bancshares, I n c . , Houston, Texas
and i n d i r e c t l y acquire at least 99.96 percent of
Merchants Park Bank, Houston, Texas. 2/
Dallas
New Dim Financial Corporation, New Ulm, Texas, f o r
approval t o acquire 100 percent of the voting
shares of New Ulm State Bank, New Ulm, Texas. 2/
Dallas
Western Bancshares of El Paso, I n c . , El Paso, Texas,
f o r approval t o acquire at least 80 percent of
the voting shares of Western Bank, El Paso,
Texas. 2/
San
Cal
Francisco
2/
Rep B a n c o r p ,
Inc.,
Bakers field, California, for
approval t o acquire 100 percent of the voting
shares of C a l i f o r n i a Republic Bank, B a k e r s f i e l d ,
C a l i f o r n i a . 2/
A p p l i c a t i o n subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 42
- 23 -
APPLICATIONS RECEIVED - Continued
San
Francisco
Western Commercial, Fresno, C a l i f o r n i a , f o r
approval t o acquire 100 percent of the v o t i n g
shares of Fresno Bank of Commerce, Fresno,
C a l i f o r n i a . 2J
* * * * *
To Expand a Bank Holding Company Pursuant t o Section
3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956
Cleveland
F i r s t National Cincinnati Corporation, C i n c i n n a t i ,
Ohio, f o r approval to acquire 100 percent of
the voting shares (less d i r e c t o r s ' q u a l i f y i n g
shares) of Farmers and Traders National Bank
of H i l l s b o r o , H i l l s b o r o , Ohio. 2/
Atlanta
Mountain Financial Company, M a r y v i l l e , Tennessee,
f o r approval t o acquire 100 percent of the
voting shares of Jefferson County Bank, Dandridge,
Tennessee. 2/
Atlanta
Tennessee National Bancshares, I n c . , M a r y v i l l e ,
Tennessee, f o r approval t o acquire 56.3 percent
and up t o 100.0 percent of the voting shares of
F i r s t National Bank of Jefferson C i t y , Jefferson
C i t y , Tennessee. 2/
Minneapolis
Zappco I n c . , St. Cloud, Minnesota, f o r approval t o
acquire at least 89.3 percent of the voting shares
of F i r s t National Bank of L i t t l e F a l l s , L i t t l e
F a l I s , Minnesota. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
3 ( a ) ( 5 ) of the Bank Holding Company Act of 1956
Atlanta
2/
Barnett Banks of F l o r i d a , I n c . , J a c k s o n v i l l e ,
F l o r i d a , f o r approval t o acquire by merger
Great American Banks, I n c . , North Miami,
F l o r i d a and i n d i r e c t l y Great American Bank
of Dade County, Homestead; Great American
A p p l i c a t i o n subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
i
H.2, 1982 No. 42
- 24 -
APPLICATIONS RECEIVED - Continued
Bank of North Miami Beach, North Miami; Great
American Bank of Broward County, Fort Lauderdale;
Great American Bank of Davie, Davie; Great American Bank of the Florida Keys, Tavernier; Great
American Bank of P i n e l l a s , Clearwater; Great
American Bank of G a i n e s v i l l e , G a i n e s v i l l e ; Great
American Bank of Tampa, Tampa, F l o r i d a . 2J
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
New York
C i t i c o r p , New York, New York, f o r approval to
continue t o r e t a i n 100 percent of the voting
shares of C i t i c o r p Banking Corporation, Wilmington,
Delaware a f t e r CBC establishes branches in Bahrain,
the Channel Islands and Hong Kong.
New York
Deutsche Bank AG, F r a n k f u r t , West Germany, requests
permission to continue to operate an o f f i c e engaging in the f o l l o w i n g a c t i v i t i e s ((A) provide
dealers of a f f i l i a t e s of Daimler-Benz AG i n
the United States and Canada with wholesale
financing in the form of loans to finance dealers
inventories secured by such inventories and
(B) provide customers of a f f i l i a t e s of Daimler-Benz
AG in the United States and Canada and t h e i r dealers
w i t h r e t a i l financing consisting of purchases by
the company from such a f f i l i a t e s and t h e i r dealers
of r e t a i l installment obligations undertaken by the
customer i n respect of equipment purchased by the
customer, of purchases of lease receivables and
dealer rental receivables i n respect of the equipment leased by the customer and of f u l l payout
leasing of products of such a f f i l i a t e s and such
dealers; i n connection t h e r e w i t h , the company makes
a v a i l a b l e , solely as authorized agent, c r e d i t l i f e ,
accident and physical damage insurance) at 4545
F u l l e r Drive, Suite 328, P.O. Box 5225, I r v i n g ,
Texas, through i t s subsidiary, F r e i g h t ! i n e r Credit
Corporation (10/14/82)
77
A p p l i c a t i o n subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
H.2, 1982 No. 42
- 25 -
APPLICATIONS RECEIVED - Continued
Cleveland
BancOhio, Columbus, Ohio, f o r approval to acquire
c e r t a i n assets and assume c e r t a i n l i a b i l i t i e s of
W. Lyman Case & Company, Columbus, Ohio.
Atlanta
Barnett Banks o f F l o r i d a , I n c . , J a c k s o n v i l l e ,
F l o r i d a , f o r approval to acquire 100 percent of
the voting shares of American Bancshares Mortgage Company, I n c . , North Miami; American Bancshares Insurance Agency, I n c . , North Miami;
American Properties Holding Company, I n c . ,
North Miami; American Bancshares Services, I n c . ,
Miami, F l o r i d a .
Atlanta
The Colonial Bancgroup, I n c . , Montgomery, Alabama,
n o t i f i c a t i o n of i n t e n t engage i n de novo a c t i v i t i e s
(making, f o r i t s own account, loans and other extensions of c r e d i t , such as would be made, f o r
example, by a mortgage, finance, c r e d i t card, or
f a c t o r i n g company) at 671 South Perry S t r e e t ,
Montgomery, Alabama, serving Montgomery County
(10/6/82)
Chicago
LeClaire Agency, I n c . , LeClaire, Iowa, f o r approval
t o continue t o engage in the sale of general i n surance in a community with a population of less
than 5,000.
Chicago
Princeton Agency, I n c . , Princeton, Iowa, f o r approval
t o continue t o engage i n the sale of general insurance.
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s
( s e r v i c i n g loans and other extensions of c r e d i t f o r
other persons) at 4814 North MacArthur Boulevard,
Oklahoma C i t y , Oklahoma, serving the c i t y of
Oklahoma C i t y , Oklahoma, through i t s subsidiary,
Dial Finance Company of Oklahoma, Inc. (10/12/82)
Dallas
F i r s t City Financial Corporation, Albuquerque, New
Mexico, n o t i f i c a t i o n of i n t e n t t o engage in de novo
a c t i v i t i e s ( i n a l l functions or a c t i v i t i e s tTTat
may be performed by a t r u s t company, including
a c t i v i t i e s of a f i d u c i a r y , agency, or custodian
nature) at 2155 Louisiana Boulevard, NE, Albuquerque, New Mexico, serving B e r n a l i l l o County and
the State of New Mexico, t o the extent permitted by
New Mexico Statutes, through i t s subsidiary, F i r s t
City Trust Company (10/8/82)
PLICATIONS RECEIVED - Continued
' ' l e d Pursuant to Section o of the
ci c i t i e s Exchange Act of 1934
Mark Twahi South County bank, St. Louis,
Mi s s o u ri, has f i l e d an agreement with the
Federal Reserve Bank of St. Louis (which is
authorized t o accept such agreements on hehal
of the Board of'Governors under delegated
a u t h o r i t y ) undertaking t o comply with a l l
provisions which r e l a t e to the use of c r e d i t
to finance transactions in s e c u r i t i e s .
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REPORTS RECEIVED
None.
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PETITIONS FOK RULEMAKING
None.
@FedFRASER