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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1982 No. 40)
Actions of the Board; Applications and Reports
Received During the Week Ending October 2, 1982
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Regulation L amendment which implements
the Depository I n s t i t u t i o n Management
Interlocks Act, to r e f l e c t changes in
the Act recently adopted by Congress.
C r i t e r i a for determining the primary capital
status of mandatory convertible securities.
Consumer Advisory Council, meeting on October 27
and 28, in sessions open to the public.
Kansas City
Commerce Bancshares, I n c . , Kansas C i t y , Missouri,
extension of time to January 14, 1983, within
which to acquire Commerce Bank of Lee's
Summit, Lee's Summmit, Missouri. JJ
San
Francisco
Community Bancorporation, Pullman, Washington,
extension of time to December 21, 1982,
within which to become a bank holding company through the acquisition of Bank of
Pullman, Pullman, Washington. J /
Dal las
Garrison Bancshares, I n c . , Garrison, Texas, extension of time to December 2, 1982, within
which to acquire The Commercial State Bank,
Garrison, Texas. JJ
Dal las
K e r r v i l l e Bancshares, I n c . , K e r r v i l l e , Texas,
extension of time to December 31, 1982,
w i t h i n which to acquire Bank of Kerrvi1le,
K e r r v i l l e , Texas. J /
Atlanta
One American Corp., Vacherie, Louisiana, extension of time to January 15, 1983, within
which to become a bank holding company
through the acquisition of F i r s t American
Bank and Trust, Vacherie, Louisiana. 1/
U
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 40
-
2
-
ACTIONS OF THE BOARD - Continued
At]anta
State National Corp., New Iberia, Louisiana,
extension of time to December 31, 1982,
within which to become a bank holding
company through the acquisition of The
State National Bank, New I b e r i a , Louisiana. J_/
Atlanta
United American of Northwest Florida, I n c . ,
Pensacola, Florida, extension of time to
January 5, 1983, within which to become
a bank holding company through the acquisit i o n of F i r s t State Bank of Pensacola,
Pensacola, Florida. ]_/
San
Francisco
U. S. Bancorp, Portland, Oregon, extension of
time to December 28, 1982, within which
to acquire Bank of Milton-Freewater, MiltonFreewater, Oregon. V
San
Francisco
Bank of Milton-Freewater, Milton-Freewater,
Oregon, extension of time to December 28,
1982, within which to become a member of
the Federal Reserve System. ]_/
Chicago
Wyandotte Savings Bank, Wyandotte, Michigan,
an investment in bank premises. ]_/
Atlanta
Bank of Eclectic, Eclectic, Alabama, proposed
merger with Bank of Tallassee, Tallassee,
Alabama; report to the Federal Deposit
Insurance Corporation on competitive factors. ]_/
Chicago
Bank of Michigan City, Michigan C i t y , Indiana,
proposed merger with Citizens Bank of Michigan
C i t y , Michigan C i t y , Indiana, under the
charter of Bank of Michigan C i t y , and t i t l e of
Citizens Bank of Michigan C i t y , Indiana; report
to the Federal Deposit Insurance Corporation
on competitive factors. J_/
Atlanta
Citizens Bank of Blount County, Maryvilie,
Tennessee, proposed merger with Maryvilie
Phantom Bank, Maryvilie, Tennessee; report
to the Federal Deposit Insurance Corporation
on competitive factors. 1/
T 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. 40
- 3 -
ACTIONS OF THE BOARD - Continued
Richmond
Citizens Bank and Trust Company, Riverdale,
Maryland, proposed merger with Kennedy
Bank and Trust Company, Bethesda, Maryland;
report to the Federal Deposit Insurance
Corporation on competitive f a c t o r s . J /
Chicago
Citizens National Bank of Boone, Boone, Iowa,
proposal to purchase assets and assume
l i a b i l i t i e s and maintain branches of The
Farmers Savings Bank, Hamilton, Iowa, under
the charter and t i t l e of The Citizens
National Bank of Boone; report to the Compt r o l l e r of the Currency on competitive
f a c t o r s . ]_/
Richmond
Citizens and Southern National Bank of South
Carolina, Charleston, South Carolina,
proposed merger with Carolina National
Bank, Easley, South Carolina; report to
the Comptroller of the Currency on competit i v e f a c t o r s . J_/
Atlanta
Freedom Savings and Loan Association, Tampa,
F l o r i d a , proposed merger with ComBank,
Winter Park, Winter Park; ComBank/Seminole
County, Casselberry; ComBank/Fairvilla,
Orlando; ComBank/Apopka, Apopla; and
ComBank/Union Park, Orlando, F l o r i d a ;
report t o the Federal Deposit Insurance
Corporation on competitive f a c t o r s . JJ
San
Francisco
Fresno Commerce Subsidiary Co., Fresno, C a l i f o r n i a , proposed merger with Fresno Bank
of Commerce, Fresno, C a l i f o r n i a , under
the charter and t i t l e of the l a t t e r ; report
to the Federal Deposit Insurance Corporation
on competitive f a c t o r s . ]_/
Chicago
Gainer Bank, National Association, Gary, Indiana,
proposed merger with Gary National Bank, Gary,
Indiana, under the charter and t i t l e of
Gainer Bank, National Association; report to
the Comptroller of the Currency on competitive
f a c t o r s . 1/
\J 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. 40
- 4 -
ACTIONS OF THE BOARD - Continued
Chicago
Heritage Bank B e l o i t , B e l o i t , Wisconsin, proposal to consolidate with Heritage Bank
B e l o i t , B e l o i t , Wisconsin, under the
charter of Heritage Bank Beloit Mall, and
t i t l e of Heritage Bank B e l o i t ; report to
the Federal Deposit Insurance Corporation
on competitive f a c t o r s . ]_/
Boston
Laconia Peoples National Bank and Trust Company, Laconia, New Hampshire, proposed
merger with the Franklin National Bank,
F r a n k l i n , New Hampshire; report to the
Comptroller of the Currency on competitive
factors. U
Chicago
Sagamore National Bank, Lafayette, Indiana, proposed merger with Purdue National Bank of
Lafayette, Lafayette, Indiana, under the
charter of Sagamore National Bank and t i t l e
of Purdue National Bank of Lafayette;
report to the Comptroller of the Currency
on competitive f a c t o r s . ]_/
Chicago
State Bank of Waldron, Waldron, Indiana, proposed merger with Waldron Service Bank,
Waldron, Indiana, under the charter of Waldron
Service Bank and t i t l e of The State Bank of
Waldron; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . ]_/
Chicago
United Central Bank & Trust Company of Algona,
Algona, Iowa, propose to acquire the assets
and assume the l i a b i l i t i e s of Exchange State
Bank, Wesley, Iowa, under the charter and
t i t l e of United Central Bank & Trust Company
of Algona; report to the Federal Deposit
Insurance Corporation on competitive f a c t o r s . J_/
Chicago
United Central & Trust Company of Algona, Algona,
Iowa, propose to acquire the assets and assume
the l i a b i l i t i e s of Bode State Bank, Bode, Iowa,
under the charter and t i t l e of United Central
& Trust Company of Algona; report to the
Federal Deposit Insurance Corporation on
competitive f a c t o r s . 1/
T7
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. 40
- 5 -
ACTIONS OF THE BOARD - Continued
To Merge Pursuant to Section 18(c) of the
Federal Deposit Insurance Act
Chicago
Approved
St. Joseph Valley Bank, Elkhart, Indiana, to
merge with F i r s t National Bank of Goshen,
Goshen, Indiana.
i
*
*
*
*
*
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
New York
Approved
The Bank of New York, New York, New York. To
establish an o f f s i t e electronic f a c i l i t y
at Eric Hayes, I n c . , D/B/A Bells Market,
909 East Ferry Street, Buffalo, Erie County,
New York. J /
Richmond
Bank of V i r g i n i a , Richmond, V i r g i n i a . To
establish a customer-bank communication
terminal at 8103 Old Dominion Drive, McLean,
Fairfax County, V i r g i n i a . Jy
Richmond
Bank of V i r g i n i a , Richmond, V i r g i n i a . To
establish a customer-bank communication
terminal at 7318 Midlothian Turnpike,
Chesterfield County, V i r g i n i a . J /
Atlanta
Marion County Banking Company, Hamilton,
Alabama. To establish a branch o f f i c e
located on the west side of Highway 5 inside
the c i t y l i m i t s of Bear Creek, Alabama. JJ
San
Francisco
Valley Bank of Nevada, Las Vegas, Nevada. To
establish a branch o f f i c e in the v i c i n i t y
of M i l l Street and Corporate Boulevard,
Reno, Washoe County, Nevada. 1/
*
J/
*
*
*
*
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 40
- 6 -
ACTIONS OF THE BOARD - Continued
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Kansas City
Not Disapproved
Humboldt Bancshares, I n c . , Humboldt, Kansas. ]_/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
St. Louis
Approved
Commerce Union Bank Union C i t y , Union C i t y ,
Tennessee. JJ
Chicago
St. Joseph Valley Bank, Elkhart, Indiana. ]_/
* * * * *
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 Company Act of 1956, as amended
New York
Approved
Citibank Overseas Investment Corporation,
Wilmington, Delaware: request consent
to engage i n d i r e c t l y in futures commission
merchant a c t i v i t i e s abroad.
*
*
*
*
*
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
New York
T7
Approved
European American Bank and Trust Company, New
York, New York: grants consent to establish
a branch in Nassau, Bahamas.
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 40
- 7 -
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
Richmond
Approved
Intermountain Bankshares I n c . , Charleston,
West V i r g i n i a , for approval to acquire
100 percent of the voting shares of the
successors by merger t o : Kanawha Banking
& Trust Company National Association,
Charleston, West V i r g i n i a ; The Teays
Valley National Bank, Scott Depot, West
V i r g i n i a ; Community Bank and Trust, N.A.,
Fairmont, West V i r g i n i a ; Middletown National
Bank, Marion County, West V i r g i n i a ; National
Bank of Monongah, Monongah, West V i r g i n i a ;
Mountaineer National Bank, Morgantown,
West V i r g i n i a . 1/
Richmond
Peoples Bancorp (N.C.), I n c . , Rocky Mount,
North Carolina, for approval to acquire
100 percent of the voting shares of the
successor by merger to Peoples Bank and
Trust Company, Rocky Mount, North Carolina. ]_/
Atlanta
F i r s t Hartford Bancshares, I n c . , Hartford,
Alabama, f o r approval to acquire at least
80 percent of the voting shares of The
F i r s t National Bank of Hartford, Hartford,
Alabama. J /
Atlanta
Quality Financial Services Corporation,
Alexandria, Tennessee, for approval to acquire
100 percent of the voting shares of DeKalb
County Bank and Trust Company, Alexandria,
Tennessee. ]_/
Chicago
Central Lakes Bancorporation, I n c . , Necedah,
Wisconsin, f o r approval to acquire at
least 80 percent of the voting shares of The
Necedah Bank, Necedah, Wisconsin. V
Chicago
M a r t i n s v i l l e Bancshares, I n c . , M a r t i n s v i l l e ,
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 Martinsv i l l e State Bank, M a r t i n s v i l l e , I l l i n o i s . J /
T7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
i
H.2, 1982 No. 40
- 8 -
ACTIONS OF THE BOARD - Continued
Chicago
S. B. W. Bancorp., I n c . , Waupun, Wisconsin,
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 The
State Bank of Waupun, Waupun, Wisconsin. ]_/
Minneapolis
F i r s t State Financial Services, I n c . , Bridgewater, South Dakota, f o r approval to acquire
at least 80 percent of the voting shares of
F i r s t State Bank, Bridgewater, South Dakota. ]_/
Minneapolis
The Resource Companies, I n c . , Minneapolis,
Minnesota, for approval to acquire 100 percent
of the voting shares of Resource Trust Company,
Minneapolis, Minnesota. J_/
Kansas City
Cripple Creek Bancorporation, I n c . , Cripple Creek,
Colorado, f o r approval to acquire at least 80
percent of the voting shares of Bank of
Cripple Creek, Cripple Creek, Colorado. V
Kansas City
Victory Bancshares, I n c . , Nowata, Oklahoma, for
approval to acquire 89.5 percent of the voting
shares of Victory National Bank of Nowata,
Nowata, Oklahoma. J /
Dallas
Canadian Bancshares, I n c . , Canadian, Texas, for
approval to acquire 80.354 percent of the
voting shares of F i r s t State Bank of Canadian,
Canadian, Texas. JJ
Dallas
Lamesa National Corporation, Lamesa, Texas, for
approval to acquire at least 80 percent of
the voting shares of The Lamesa National Bank,
Lamesa, Texas.
Dallas
Landmark Financial Group,
f o r approval to acquire
of the voting shares of
Fort Worth, Fort Worth,
Dal las
Permian Bancshares, I n c . , Odessa, Texas, for
approval to acquire 10 percent of the voting
shares of Permian Bank & Trust, Odessa, Texas. 1/
17
I n c . , Fort Worth, Texas,
at least 80 percent
Mercantile Bank of
Texas. J /
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 40
- 9 -
ACTIONS OF THE BOARD - Continued
San
Francisco
Redmond Bancorp, Redmond, Washington, f o r
approval to acquire TOO percent of the
voting shares of Bank of Redmond, Redmond,
Washington. ] /
San
Francisco
Valencia Bancorp, Santa Ana, C a l i f o r n i a , for
approval to acquire 100 percent of the voting
shares of Valencia Bank, Santa Ana, C a l i f o r n i a . 1/
To Expand a Bank Holding Company Pursuant to Section
3(a)(2) of the Bank Holding Company Act of 1956
Cleveland
Approved
Union Commerce Corporation, Cleveland, Ohio,
for approval to retain 100 percent of the
voting shares of The F i r s t National Bank
Qf. Nelsonville, Nelsonville, Ohio. 1/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Chicago
Chicago
Denied
Mil ford Bancorporation, Mil f o r d , Iowa, for
approval to acquire 100 percent of the
voting shares of San Bancorp, Sanborn,
Iowa and i n d i r e c t l y at least 85.42 percent
of Sanborn Savings Bank, Sanborn, Iowa.
Approved
Hampton Park Corporation, Romeoville, I l l i n o i s ,
for approval to ac-quire 80 percent of the
voting shares of The Palwaukee Bank, Prospect
Heights, I l l i n o i s . 1/
Chicago
Oak Park Bancorp, I n c . , Oak Park, I l l i n o i s , for
approval to acquire 100 percent of the voting
shares of The Dunham Bank, St. Charles,
111inois. J /
Kansas City
CharterCorp, Kansas C i t y , Missouri, for approval
to acquire 100 percent of the voting shares
of Bank of Independence, Independence, Missouri. J /
T7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 40
- 10 -
ACTIONS OF THE BOARD - Continued
Dallas
Harlingen National Bancshares, I n c . , Harlingen,
Texas, for approval to acquire 100 percent
of the voting shares of South Harlingen
National Bank, Harlingen, Texas, a proposed
new bank. 1/
*
*
*
*
*
To Retain Bank Shares Acquired in a Fiduciary Capacity
Pursuant to Section 3 of the Bank Holding Company Act of 1956
New York
Approved
Midlantic Banks Inc. and Midlantic National Bank,
both located in Edison, New Jersey, for approval
to retain 39.1375 percent of the voting shares
of The F i r s t National Bank of Blairstown,
Blairstown, New Jersey. ]_/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
New York
Richmond
]_/
Approved
C i t i c o r p , New York, New York, for approval to
acquire 100 percent of the voting shares
through Citicorp Person-to-Person, I n c . , of
a federally chartered and insured savings
and loan association and is the successor
by supervisory conversion of F i d e l i t y Federal
Savings and Loan Association, San Francisco,
California and to acquire i n d i r e c t l y i t s
wholly-owned service corporation, F i d e l i t y
Subsidiary Corporation.
Southern Bancorporation, I n c . , Greenville,
South Carolina, for approval to acquire assets
of Continental Credit Corporation, Greenville,
Texas, and thereby engage in making loans to
i n d i v i d u a l s . ]_/
Applications processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
I
ACTIONS OF THE BOARD - Continued
New York
New York
3/
Permitted
Barclays Bank PLC and Barclays Bank I n t e r national Limited, both of London, England,
requests permission to relocate three
existing offices of t h e i r subsidiaries.
BardaysAmerican/Financial Services, Inc.
("BAFS"), and BarclaysAmerican/Financiaj,
Inc. ("BAFI"), the o f f i c e s w i l l continue
to engage in the following a c t i v i t i e s
( ( i ) making direct consumer loans, including
loans secured by real estate, and purchasing
sales finance contracts representing
extensions of credit such as would be made
or acquired by a consumer finance company,
and wholesale financing [ f l o o r planning] and
( i i ) acting as agent for the sale of related
c r e d i t l i f e , c r e d i t accident and health and
credit property insurance; credit l i f e and
c r e d i t accident and health insurance sold
as agent may be underwritten or reinsured
by BarclaysAmericanCorporation's insurance
underwriting subsidiaries) from Nine Mile
Road, Richmond, Virginia to 8014 Midlothian
Turnpike, Richmond, V i r g i n i a , through t h e i r
subsidiaries, BA and BAFI and from 4118
Elvis Presley Boulevard, Memphis, Tennessee t o
3063 Airways Boulevard, Suite 8, Memphis,
Tennessee, through t h e i r subsidiary BAFI
(9/26/82) 3/
C i t i c o r p , New York, New York, requests permission
to establish a de novo o f f i c e of i t s subs i d i a r y , Citicorp Homeowners, Inc. ("CHI"),
and to expand the a c t i v i t i e s and service
area of an existing o f f i c e of i t s subsidiary,
Citicorp Person-to-Person Financial Center,
Inc. ("CPFC") at the same location; the
new a c t i v i t i e s in which the o f f i c e of CPFC
proposes to engage de novo are (the making,
acquiring and servicing, for i t s own account
and for the account of others, of extensions
of credit to individuals secured by liens
on residential or non-residential real
estate; and the sale of mortgage l i f e and
mortgage d i s a b i l i t y insurance d i r e c t l y
related to extensions of mortgage loans;
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 .
ACTIONS OF THE BOARD - Continued
the proposed service area shall be the
e n t i r e States of Missouri and Kansas for
the aforementioned proposed a c t i v i t i e s and
f o r the f o l l o w i n g a c t i v i t i e s which have been
previously approved f o r CPFC: the making or
acquiring of loans and other extensions of
c r e d i t , secured or unsecured, f o r consumer
and other purposes; the extension of loans
to dealers f o r . t h e financing of inventory
[ f l o o r planning] and working c a p i t a l purposes;
the purchasing and servicing f o r i t s own account of sales finance contracts; the sale
of c r e d i t related l i f e and accident and
health or decreasing or level [ i n the case
of single payment loans] term l i f e insurance
by licensed agents or brokers, as required; the
sale of consumer oriented f i n a n c i a l management
courses; and the s e r v i c i n g , f o r any person,
of loans and other extensions of c r e d i t . The
a c t i v i t i e s i n which the d_e novo o f f i c e of
CHI w i l l engage are: the making or acquiring
of loans and other extensions of c r e d i t ,
secured or unsecured, f o r consumer and other
purposes; the sale of c r e d i t related l i f e
and accident and health or decreasing or
level [ i n the case of single payment loans]
term l i f e insurance by licensed agents or
brokers as required; the sale of consumer
oriented f i n a n c i a l management courses; the
s e r v i c i n g , f o r any person, of loans and
other extensions of c r e d i t ; the making,
acquiring and s e r v i c i n g , f o r i t s own account
and f o r the account of others, of extensions
of c r e d i t t o i n d i v i d u a l s secured by liens
on r e s i d e n t i a l or nonresidential real
e s t a t e ; and the sale of mortgage l i f e and
mortgage d i s a b i l i t y insurance d i r e c t l y
related to extensions of mortgage loans:
the proposed service area of CHI shall be
comprised of the e n t i r e States of Missouri
and Kansas f o r a l l the aforementioned a c t i v i t i e s
c r e d i t related l i f e , accident and health
insurance may be w r i t t e n by Family Guardian
L i f e Insurance Company, an a f f i l i a t e of CPFC
and CHI) at 310 E. 12th S t r e e t , Kansas C i t y ,
Missouri, through i t s s u b s i d i a r i e s , C i t i c o r p
Person-to-Person Financial Center, Inc. and
C i t i c o r p Homeowners, Inc. (10/1/82) 2 /
2 / 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 .
" . 2 , 1982 No. 40
- 13 -
ACTIONS OF THE BOARD - Continued
New York
C i t i c o r p , New York, New York, requests permission to engage in the following a c t i v i t i e s
(the making or acquiring of loans and other
extensions of c r e d i t , secured or unsecured,
f o r consumer and other purposes; the extension
of loans to dealers for the financing of
inventory [ f l o o r planning] and working capital
purposes; the purchasing and servicing for
i t s own account of sales finance contracts;
the sale of credit related l i f e and accident
and health or decreasing or level [ i n the case
of single payment loans] term l i f e insurance
by licensed agents or brokers, as required; the
issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; the sale of consumer oriented
financial management courses; the servicing,
for any person, of loans and other extensions
of c r e d i t ; the making, acquiring, and servicing,
for i t s own account and the account of others of
extensions of credit to individuals secured
by liens on residential or non-residential real
estate; and the sale of mortgage l i f e and
mortgage d i s a b i l i t y insurance d i r e c t l y related
to extensions of mortgage loans; the service
area of the subsidiary would be comprised of
the entire State of Colorado; credit related
l i f e , accident and health insurance may be
w r i t t e n by Family Guardian L i f e Insurance
Company, an a f f i l i a t e of Citicorp Person-toPerson Boulder Industrial Bank) at 1600 38th
Street, Boulder, Colorado, serving the entire
State of Colorado, through i t s subsidiary,
Citicorp Person-to-Person Boulder Industrial
Bank (9/30/82) 3/
New York
Deutsche Bank AG, Frankfurt, Germany, requests
permission to expand the service areas of
f i v e existing o f f i c e s (to expand i t s service
area to provide the same financing services
that i t is permitted to provide in the
United States to ( I ) persons in Canada who
make purchases from present and future
a f f i l i a t e s of Daimler-Benz AG ("DB") in
Canada, t h e i r respective dealers; the company
currently (A) provides dealers of a f f i l i a t e s
of DB in the United States with wholesale
financing in the form of loans to finance
17
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. 40
- 14 -
ACTIONS OF THE BOARD - Continued
dealers inventories secured by such inventories
and (B) provides customers of a f f i l i a t e s of
DB in the United States and t h e i r dealers
with 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 in respect of equipment purchased by the customer and of purchases
of lease receivables and dealer rental receivabl
in respect of equipment leased by the customer;
in connection therewith, the company makes
available, solely as an authorized agent, credit
l i f e , accident and physical damage insurance)
at 1815 South Marlow Avenue, Portland, Oregon;
1002 Society Drive, Claymont, Delaware; 1530
Dunwoody Village Parkway, Suite 100, Atlanta,
Georgia; 2001 Midwest Road, Suite 310, Oak
Brook, I l l i n o i s ; and 830 Northwest 19th Avenue,
Portland, Oregon, through i t s subsidiary,
Freightliner Credit Corporation (9/26/82) 3/
New York
Manufacturers Hanover Corporation, New York, New
York, requests permission to relocate an
existing o f f i c e engaging in the following
a c t i v i t i e s (arranging, making, or acquiring
f o r i t s own account or for the account of
others loans and other extensions of credit
such as would be made or acquired by a
mortgage company, servicing such loans and
other extensions of c r e d i t ; and acting as
agent or broker for the sale of credit l i f e
insurance and credit accident and health
insurance r e l a t i n g to such loans and other
extensions of c r e d i t ) from 4550 West 103rd
Street, Oak Lawn, I l l i n o i s to 2028 Elm,
Homewood, I l l i n o i s , through i t s subsidiary,
Manufacturers Hanover Mortgage Corporation
Inc. (9/25/82) 3/
New York
Manufacturers Hanover Corporation, New York,
New York, requests permission to establish
a de novo o f f i c e engaging in the following
acTTvities (making or acquiring loans and
other extensions of c r e d i t , secured or unsecured, such as could be made or acquired
by a finance company under I l l i n o i s law;
77
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 .
ACTIONS OF THE BOARD - Continued
servicing such loans and other extensions of
credit and acting as agent or broker for
the sale of credit l i f e insurance d i r e c t l y
related to such extensions of c r e d i t ; such
a c t i v i t i e s w i l l include, but not be limited
t o , making consumer installment loans, purchasing installment sales finance contracts,
making loans and other extensions of credit
secured by real and personal property, i n cluding real estate equity loans, and o f f e r i n g
c r e d i t - r e l a t e d single and j o i n t l i f e insurance
and decreasing or level term [ i n the case of
single payment loans] l i f e insurance and
credit accident and health insurance d i r e c t l y
related to extension of credit made or acquired by Finance One Mortgage of I l l i n o i s ,
I n c . , by licensed agents or brokers, to
the extent permissible under applicable
State insurance laws and regulations, t h i s
o f f i c e w i l l serve the entire State of I l l i n o i s )
at 2215 York Road, Oak Brook, I l l i n o i s , through
i t s subsidiary, Finance One Mortgage of I l l i n o i s ,
Inc. (9/25/82) 3/
New York
3/
Manufacturers Hanover Corporation, New York, New
York, requests permission to expand the
service area of an existing o f f i c e (arranging,
making, or acquiring for i t s own account or
for the account of others loans and other extensions of credit such as would be made or
acquired by a mortgage company; servicing such
loans and other extensions of c r e d i t ; and
acting as agent or broker for the sale of
credit l i f e insurance and credit accident
and health insurance r e l a t i n g to such loans
and other extensions of c r e d i t ; the o f f i c e
presently serves customers in Montgomery and
Prince Georges Counties and i t w i l l continue
to serve these customers and proposes to expand the service area to include Calvert,
Anne Arundel, Charles, Howard, Frederick,
Baltimore, Harford, St. Mary's and Worcester
Counties in Maryland, Sussex and Kent Counties
in the State of Delaware and the D i s t r i c t of
Columbia) at Maryland Trade Center, Suite 580,
7500 Greenway Center Drive, Lanham, Maryland,
through i t s subsidiary, Manufacturers Hanover
Mortgage Corporation (9/25/82) 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. 40
- 16 -
ACTIONS OF THE BOARD - Continued
Philadelphia
Philadelphia National Corporation, Philadelphia,
Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n commercial
finance and factoring a c t i v i t i e s including
the s o l i c i t a t i o n and making of loans to
businesses and corporations secured by
accounts receivable, inventory, machinery
and equipment and/or other commercial finance
c o l l a t e r a l and the factoring of accounts
receivable) at Minneapolis City Center, 33
South Sixth Street, Minneapolis, Minnesota,
serving Minneapolis, Minnesota and surrounding
areas, through i t s subsidiary, Congress
Financial Corporation (10/1/82) 3/
Chicago
Northern Trust Corporation, Chicago, I l l i n o i s ,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (performing appraisals of real
estate) at 1900 Spring Road, Suite 102,
Oak Brook I l l i n o i s , the geographic area to
be served w i l l be the e n t i r e 50 states of
the United States, through i t s subsidiary,
Nortrust Farm Management, Inc. (9/28/82) 3/
St. Louis
Boatmen's Bancshares, I n c . , St. Louis, Missouri,
n o t i f i c a t i o n of intent to engage through the
locations of i t s banking subsidiaries (the
issuance and sale of i t s travelers checks
in accordance with the Board's Regulation Y)
through an unspecified number of correspondent
banks and corporate customers located throughout
Missouri, the southern half of I l l i n o i s and the
eastern half of Kansas (9/28/82) 2J
Minneapolis
Bank Shares Incorporated, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (in leasing personal or real
property in accordance with the Board's Regul a t i o n Y) at 777 Marquette Avenue, Minneapolis,
Minnesota, serving the United States, through
i t s subsidiary, Marquette Lease Services, Inc.
(9/28/82) 3/
Minneapolis
F i r s t Bank System, I n c . , Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (to engage in the a c t i v i t i e s that
may be performed by a t r u s t company, including
37
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. 40
- 17 -
ACTIONS OF THE BOARD - Continued
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 10451 Palmera Drive,
Sun C i t y , Arizona, serving the metropolitan
area of Phoenix, Arizona, through i t s subs i d i a r y F i r s t Trust Company of Arizona
(9/27/82) 3/
San
Francisco
BankAmerica Corporation, San Francisco, Ca 11f o r n i a , n o t i f i c a t i o n of intent to engage in
de novo a c t i v i t i e s (making or acquiring,
for i t s own account loans and other extensions
of credit such as would be made or acquired
by a finance company; servicing loans and
other extensions of c r e d i t such as would
be made or acquired by a finance company;
servicing loans and other extensions of
c r e d i t : and o f f e r i n g c r e d i t - r e l a t e d l i f e
insurance and c r e d i t - r e l a t e d accident and
health insurance. Credit-related property
insurance w i l l not be offered in the State
of Indiana; such a c t i v i t i e s w i l l include,
but not be limited t o , making consumer i n stallment loans, purchasing sales finance
contracts, making loans and other extensions
of c r e d i t to small businesses, making loans
and other extensions of credit secured by
real and personal property, and o f f e r i n g
c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d
accident and health insurance d i r e c t l y
related to extensions of c r e d i t made or acquired by FinanceAmerica Corporation) in
Indianapolis, Indiana, serving the e n t i r e
state cf Indiana, through i t s i n d i r e c t subs i d i a r y , FinanceAmerica Corporation (an
Indiana corporation) (10/2/82) 3/
San
Francisco
BankAmerica Corporation, San Francisco, Calif o r n i a , n o t i f i c a t i o n of intent to engage in
de novo a c t i v i t i e s (making or acquiring, for
i t s own account loans and other extensions of
c r e d i t such as would be made or acquired by
the finance company, servicing loans and
other extensions of c r e d i t ; and o f f e r i n g
c r e d i t - r e l a t e d l i f e insurance, c r e d i t - r e l a t e d
accident and health insurance and c r e d i t - r e l a t e d
property insurance; such a c t i v i t i e s w i l l
include, but not be l i m i t e d t o , making con-
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
H.2, 1982 No. 40
- 18 -
ACTIONS OF THE BOARD - Continued
sumer installment loans, purchasing installment
sales finance contracts, making loans and
other extensions of c r e d i t to small businesses.,
making loans secured by real and personal
property, and o f f e r i n g c r e d i t - r e l a t e d l i f e ,
c r e d i t - r e l a t e d accident and health and c r e d i t related property insurance d i r e c t l y related
to extensions of credit made or acquired by
FinanceAmerica of Columbia Heights Inc.) at
19 N. 4th Street, Moorehead, Minnesota, serving
the entire States of Minnesota and North Dakota,
through i t s indirect subsidiary, FinanceAmerica
of Columbia Heights Inc. (a Minnesota corporation [whose name w i l l be changed to FinanceAmerica of Moorhead I n c . ] ) (10/1/82) 3/
San
Francisco
Security Pacific Corporation, n o t i f i c a t i o n of
intent to engage in de novo a c t i v i t i e s (to
engage in financing and i n d u s t r i a l loan corporation a c t i v i t i e s including making, acquiring
and servicing loans and other extensions of
c r e d i t ; s e l l i n g and issuing investment c e r t i f i c a t e s ; and acting as agent for the sale of
c r e d i t - r e l a t e d l i f e , c r e d i t - r e l a t e d accident
and health and c r e d i t - r e l a t e d property insurance,
a l l as authorized by California law) at
11480 South Street, Cerritos; 21535 North
Hawthorne Boulevard, Torrance; and 600 North
Mountain Avenue, Upland, a l l in C a l i f o r n i a ,
through i t s subsidiary, Security Pacific
Finance Money Center Inc. (10/1/82) 3/
San
Francisco
Security Pacific Corporation, Los Angeles,
C a l i f o r n i a , n o t i f i c a t i o n of intent to relocate
de novo a c t i v i t i e s (making or acquiring, for
i t s own account or for the account of others,
loans and extensions of c r e d i t , including
making consumer installment personal loans,
purchasing consumer installment sales finance
contracts, making loans to small businesses and
other extensions of credit such as would be
made by a factoring company or a consumer
finance company; and acting as broker or agent
for the sale of c r e d i t l i f e and credit accident
and health insurance) from 5012 Wellington
Avenue, Ventnor C i t y , New Jersey to Professional
37
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. 40
- 19 -
ACTIONS OF THE BOARD - Continued
Plaza, 2021 New Road, Linwood, New Jersey,
serving the State of New Jersey, through i t s
subsidiary, Security Pacific Finance Corp.
(9/30/82) 3/
*
*
*
*
*
Application for Modification of Deficiency Repayment Requirements
Under Plan Lender Provision of Regulation G, 12 CFR 207
Pursuant to delegated authority of the Director
of the Division of Banking Supervision and
Regulation has approved the application of
Tidewater I n c . , to modify deficiency repayment requirements under the Plan Lender
provision of Regulation G.
37
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. 40
-
20
-
APPLICATIONS RECEIVED
To Become A Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Richmond
The New Bank, Vienna, V i r g i n i a . 2/
*
*
*
*
*
To Merge Pursuant to Section 18(c) of the
Federal Deposit Insurance Act
Richmond
The New Bank, Vienna, V i r g i n i a , to merge with
The Business Bank, Vienna, V i r g i n i a . 2/
*
*
*
*
*
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
New York
The Bank of New Jersey, Moorestown, New Jersey.
To establish an o f f s i t e electronic f a c i l i t y
at Bellinawr Industrial Bank, Benigno Boulevard,
BelImawr, New Jersey. 2/
Chicago
M&I Marshall & I l s l e y Bank, Milwaukee, Wisconsin.
To establish an o f f s i t e electronic f a c i l i t y
at The Grand Avenue Mall, Milwaukee, Wisconsin. 2/
Chicago
Michigan Bank - Port Huron, Port Huron, Michigan.
To establish an o f f s i t e electronic f a c i l i t y
at the following locations: 1661 21 Mile Road,
Macomb Township, Michigan; 21 E. Long Lake
Road, Bloomfield H i l l s , Michigan; 601 S.
Main Street, Ann Arbor, Michigan and 2789
Plymouth Road, Ahn Arbor, Michigan. 2/
Chicago
Michigan-Bank - Port Huron, Port Huron, Michigan.
To establish an o f f s i t e electronic f a c i l i t y at
1101 S. University, Ann Arbor, Michigan. 2/
Chicago
Bankers Trust Company, Des Moines, Iowa. To
establish an ATM to be located at Carriers
Building, 601 Locust, Des Moines, Iowa. 2/
~2j 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. 40
- 21 -
APPLICATIONS RECEIVED - Continued
Chicago
The De Kalb Bank, De Kalb, I l l i n o i s .
To
establish an o f f s i t e electronic f a c i l i t y
at 125 North Annie Glidden Road, De Kalb,
I l l i n o i s . 2/
*
*
*
*
*
Applications and N o t i f i c a t i o n s 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 Company
Act of 1956, as amended
San
Francisco
BankAmerica International Financial Corporation,
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 the establishment of BA Futures Limited,
London, England, a futures commission
merchant.
*
*
*
*
*
To Establish an Overseas Branch of a Member Bank
Pursuant t o Section 25 of the Federal Reserve Act
Philadelphia
Philadelphia National Bank, Philadelphia,
Pennsylvania: p r i o r n o t i f i c a t i o n of i t s
intent to establish a branch to be located
at 807 Pacific Bank Makati Building, 6776
Ayala Avenue, Makati, Metro Manila,
Philippines.
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Richmond
Flat Top Bankshares, I n c . , B l u e f i e l d , West
V i r g i n i a , for approval to acquire 100 percent of the voting shares of The 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 . 2/
~Tj 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. 40
- 2 2 -
APPLICATIONS RECEIVED - Continued
Atlanta
BOC Bancorp, I n c . , Woodbury, Tennessee, for
approval to acquire 100 percent of the voting
shares of Bank of Commerce, Woodbury,
Tennessee. 2/
Atlanta
Citizens F i r s t Bancshares, I n c . , Ocala, Florida,
for approval to acquire at least 80 percent
of the voting shares of Citizens F i r s t
Bank of Ocala, Ocala, Florida. 2/
Atlanta
Guaranty Bancshares Holding Corporation, Morgan
C i t y , Louisiana, for approval to acquire 100
percent of the voting shares of Guaranty
Bank & Trust Company of Morgan C i t y , Morgan
C i t y , Louisiana. 2/
Atlanta
Republic Bancshares, I n c . , Winchester, Tennessee,
f o r approval to acquire at least 80 percent
of the voting shares of Franklin County Bank,
Winchester, Tennessee. 2/
Atlanta
United Bancshares, I n c . , Lake Charles, Louisiana,
for approval to acquire 100 percent of the
voting shares of American Bank of Commerce,
Lake Charles, Louisiana. 2/
Chicago
FIRST CRAWFORDSVILLE FINANCIAL CORPORATION, Crawf o r d s v i 1 l e , Indiana, for approval to acquire
100 percent of the voting shares of the
successor by merger to The F i r s t National Bank
and Trust Company of Crawfordsvilie, Crawfordsv i l l e , Indiana. 2J
Chicago
Harbor Springs Financial Corporation, Harbor Springs
Michigan, for approval to acquire 100 percent
of the voting shares of Harbor Springs State
Bank, Harbor Springs, Michigan. 2/
Chicago
HUNTLEY BANCSHARES, INC., Huntley, I l l i n o i s , for
approval to acquire 80 percent or more of the
voting shares of State Bank of Huntley,
Huntley, I I l i n o i s . 2!
Chicago
South Sangamon Banc Shares, I n c . , Divernon, 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 Community Bank of Divernon,
Divernon, I l l i n o i s . 2/
77
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 40
- 23 -
APPLICATIONS RECEIVED - Continued
St. Louis
Dawson Springs Bancorp, I n c . , Dawson Springs,
t^o acquire at least
Kentucky, f,ow.r approval
«rr,
80 percent of the voting shares of Commerc
Bank of Dawson, Dawson Springs, Kentucky.
S t . Louis
F i r s t Charlestown Corporation, Charlestown,
Indiana, f o r approval to acquire at least 80
percent of the voting shares of F i r s t Bank
of Charlestown, Charlestown, Indiana. 21
S t . Louis
Old National Bancorp, E v a n s v i l l e , Indiana, f o r
approval to acquire 100 percent of the voting
shares of the successor by merger to Old
National Bank i n Evansville, E v a n s v i l l e ,
Indiana. 27
St. Louis
Piggott Bankstock, I n c . , P i g g o t t , Arkansas, f o r
approval t o acquire at least 80 percent of
the voting shares of Piggott State Bank,
P i g g o t t , Arkansas. 2/
Minneapolis
Carver County Bancshares, I n c . , Chaska, Minnesota,
f o r approval t o acquire 95 percent of the
voting shares of Carver County State Bank,
Chaska, Minnesota. 2/
Kansas City
Abanc Holding, I n c . , El Dorado, Kansas, f o r approval
t o acquire at least 96.81 percent of the voting
shares of Augusta Bank and T r u s t , Augusta, Kansas, 2/
Kansas City
CSB Banco, I n c . , L i n c o l n , Nebraska, f o r approval
t o acquire at least 19,500 nonvoting shares
of Citizens State Banco, Lincoln, Nebraska,
and i n d i r e c t l y Citizens State Bank, Lincoln,
Nebraska. 2/
Kansas City
Downing Investment Co., I n c . , E l l i s , Kansas, f o r
approval to acquire 24.9 percent of the voting
shares of E l l i s State Bank, E l l i s , Kansas, and
81.5 percent of the voting shares of Americus
State Bank, Americus, Kansas. 2/
Kansas City
F i r s t Ada Bancshares, I n c . , Ada, Oklahoma, for
approval t o acquire at least 80 percent of
the voting shares of The F i r s t National Bank
and Trust Company of Ada, Ada, Oklahoma. 2]
Kansas City
F i r s t Edmond Bancshares, I n c . , Edmond, Oklahoma,
f o r approval t o acquire at least 80 percent of
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 t o the length of the comment period.
H.2, 1982 No. 40
- 24 -
APPLICATIONS RECEIVED - Continued
the voting shares of The F i r s t National Bank
of Edmond, Edmond, Oklahoma. 2/
Dal las
Alamo Corporation of Texas, Alamo, Texas, for
approval to acquire 100 percent of the voting
shares of Alamo Bank of Texas, Alamo, Texas,
Central National Bank, Pharr, Texas, a proposed new bank, and McAllen National Bank,
McAllen, Texas, a proposed new bank. 2/
Dallas
F i r s t New Mexico Financial Corporation, Deming,
New Mexico, f o r approval to acquire 80 percent
or more of the voting shares of Deming
National Bank, Deming, New Mexico. 2/
Dal las
Promenade Bancshares, I n c . , Richardson, Texas,
f o r approval t o acquire 100 percent of the
voting shares of Promenade National Bank,
Richardson, Texas. 2/
San
Francisco
Delta National Bancorp, Manteca, C a l i f o r n i a ,
f o r approval to acquire 100 percent of the
voting shares of successor by merger to
Delta National Bank, Manteca, C a l i f o r n i a . 2/
San
Francisco
Independent Bancorp, Lynden, Washington, f o r
approval to acquire 100 percent of the voting
shares of Peoples State Bank, Lynden, Washington. 1)
San
Francisco
Kings River Bancorp, Reedley, C a l i f o r n i a , f o r
approval t o acquire 100 percent of the voting
shares of Kings River State Bank, Reedley,
C a l i f o r n i a . 2!
San
Francisco
Landmark Bancorp, La Habra, C a l i f o r n i a , for approval
to acquire 100 percent of the voting shares of
Landmark Bank, La Habra, C a l i f o r n i a . 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Atlanta
2/
C.S.B. Corporation, Marianna, Florida, for approval
to acquire at least 80 percent of the voting
shares of Gadsden State Bank, Chattahoochee,
F l o r i d a . 2/
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. 40
- 25 -
APPLICATIONS RECEIVED - Continued
Atlanta
Flagship Banks I n c . , Miami,
to acquire 1U0 percent of
Flagship National Bank of
Crystal River, Florida, a
Atlanta
Florida National Banks of Florida, I n c . , Jacksonv i l l e , Florida, for approval to acquire at
least 80 percent of the voting shares of Kings!ey
Bank, Orange Park, Florida. 2/
Chicago
Valley Bancorporation, Appleton, Wisconsin, for
approval to acquire a l l of the assets of United
Bankshares, I n c . , Green Bay, Wisconsin, and
i n d i r e c t l y 100 percent of the voting shares
of West Bank and Trust, Green Bay, Wisconsin,
East Bank, Green Bay, Wisconsin, and United
Bank of Green Bay, Green Bay, Wisconsin. 2/
Minneapolis
Dakota Bankshares, I n c . , Fargo, North Dakota,
for approval to acquire at least 80 percent
of the voting shares of Dakota Bank of Wahpeton9
Wahpeton, North Dakota, a proposed new bank. 2J
Kansas City
Fremont Bancshares, I n c . , Lincoln, Nebraska, for
approval to acquire at least 74,000 nonvoting
shares of CSB Banco, I n c . , Lincoln, Nebraska
and i n d i r e c t l y Citizens State Bank, Lincoln,
Nebraska and Fremont State Bancshares, I n c . ,
Lincoln, Nebraska for approval to acquire at
least 19,500 nonvoting shares of CSB Banco,
I n c . , Lincoln, Nebraska and i n d i r e c t l y Citizens
State Bank, Lincoln, Nebraska. 2/
Dallas
A l l i e d Bancshares, I n c . , Houston, Texas, for
approval to acquire 100 percent of the voting
shares of A l l i e d Bank River Bend, Dallais,
Texas, a proposed new bank. 2/
\
Dal las
American Bancorporation, I n c . , Longview, texas,
for approval to acquire 100 percent of the
voting shares of Texas Bank & Trust in Wichita
F a l l s , Wichita F a l l s , Texas. 2j
*
77
*
*
*
Florida, for approval
the voting shares of
Citrus County,
proposed new bank. 2/
*
Application subject to Community Revinvestment 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. 40
-26-
APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston
Hospital Trust Corporation, Providence, Rhode
Island, n o t i f i c a t i o n of intent to engage in
de novo a c t i v i t i e s ( i n the o r i g i n a t i o n , sale
and servicing of residential and commercial
mortgage loans) in Charlotte and Raleigh,
North Carolina; Atlanta, Georgia and Miami,
F l o r i d a , serving North Carolina, South Carolina,
Florida, Georgia, V i r g i n i a , the D i s t r i c t of
Columbia, Maryland, Delaware and Pennsylvania,
through i t s subsidiary, RIHT Mortgage Corporation
(9/29/82)
New York
The Bank of New York Company, I n c . , New York,
New York, requests permission to establish a
de novo o f f i c e engaging in the following
a c t i v i t i e s (performing or carrying on any
one or more of the functions or a c t i v i t i e s
of a f i d u c i a r y , investment advisory, agency
or custodian nature, in the manner authorized
by Federal law) at 800 Brickell Avenue, Miami,
F l o r i d a , through i t s subsidiary, The Bank of
New York Trust Company of Florida, National
Association (10/1/82)
New York
Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, request
permission to relocate an o f f i c e of t h e i r
existing subsidiaries, BarclaysAmerican/
Financial, Inc. ("BAF"), and BarclaysAmerican/
Retail Services, Inc. ("BARS"), engaging in
the following a c t i v i t i e s ( ( i ) making direct
consumer loans, including loans secured by
real estate, and purchasing sales finance
contracts representing extensions of c r e d i t
such as would be made or acquired by a
consumer finance company, and wholesale
financing [ f l o o r planning] and ( i i ) acting
as agent for the sale of related credit
l i f e , credit accident and health and credit
property insurance, credit l i f e and credit
accident and health insurance sold as agent
may be underwritten or reinsured by BarclaysAmerican Corporation 1 s insurance underwriting
subsidiaries) from 4141 South Salina Street,
Syracuse, New York to Bayberry Plaza, 7650
Oswego Road, Liverpool, New York, through
t h e i r subsidiaries, BAF and BARS. (9/28/82)
H.2, 1982 No. 40
-27-
APPLICATIONS RECEIVED - Continued
New York
C i t i c o r p , New York, New York, requests permission to expand the a c t i v i t i e s of 28
existing o f f i c e s (the sale of credit related
property and casualty insurance protecting
real and personal property subject to a
security agreement with Citicorp Homeowners,
Inc. to the extent permissible under applicable State insurance laws and regulations)
at 7260 E. Indian School Rd., Scottsdale;
2077 East Camel back Rd., Phoenix; Tri City
Mall, 1836 West Main Street, Mesa; 143
Valley West Mall, 5719 West Northern Ave.,
Glendale; 9861 Metro Parkway West, Phoenix;
111 E. Missouri Avenue, Phoenix; Thomas
Mall, 4421 A East Thomas Road, Phoenix and
Chris Town Shopping Center, 1558 West
Montebello, Phoenix, a l l in Arizona;
21707 Hawthorne Boulevard, Torrance; Two
City Boulevard East, Orange; 119 North Central
Avenue, Glendale; Four Seasons Office Bldg.,
4827 Sepulveda Blvd., Sherman Oaks; Financial
Plaza Office Bldg., 1661 Hanover, City of
Industry; 290 North "D" Street, San Bernardino
and 600 City Parkway West, Orange, a l l in
C a l i f o r n i a ; 9550 Regency Square Blvd., Jacksonv i l l e ; 5514 N. Davis Highway, Pensacola; 7261
U.S. 19 North, Pinellas Park; Windmill Gate
Shopping C t r . , 16403 N.W. 67th Ave., Miami
Lakes; Dale Mabry Executive C t r . , 3725
Grace S t . , W., Tampa; Center Pointe Office
Bldg., 4000 N. State Rd. 7, Fort Lauderdale;
Executive Centre, 2300 Palm Beach Lakes
B l v d . , West Palm Beach; 1915 North Monroe,
Tallahassee and 124 E. Colonial Drive, Orlando,
a l l in Florida; 12400 1-45 & Greens Rd., Houston;
5501 LBJ Freeway, Dallas; 5360 Fredericksberg Rd.,
San Antonio and 6620 Harwin Drive, Houston, a l l
in Texas, through i t s subsidiary, Citicorp Homeowners, I n c . , (Delaware) (9/29/82)
New York
C i t i c o r p , New York, New York, requests permission
to expand the a c t i v i t i e s of six existing offices
(the sale of credit related property and casualty
insurance protecting real and personal property
subject to a security agreement with Citicorp
Person-to-Person T h r i f t , Inc. to the extent
permissible under applicable State insurance
laws and regulations) at 542 Broadway, Chula
Vista; 362 West Mission Ave., Escondido; 4525
H.2, 1982 No. 40
- 28 -
APPLICATIONS RECEIVED - Continued
La J o l l a Village D r . , San Diego; 434 Fletcher
Parkway, El Cajon; 1400 Camino De La Reina,
San Diego and 119 North Central Ave., Glendale, a l l located i n C a l i f o r n i a , through i t s
subsidiary, Citicorp Person-to-Person T h r i f t ,
Inc. (Domestic) (9/29/82)
New York
C i t i c o r p , New York, New York, requests permission to relocate two e x i s t i n g o f f i c e s of
i t s subsidiaries, Citicorp Person-to-Person
Financial Center, I n c . , ("CPFC"), and C i t i corp Homeowners, I n c . , ("CHI"), (CPFC engages
i n the making or acquiring of loans and other
extensions of c r e d i t , secured or unsecured,
f o r consumer and other purposes; the extension
of loans to dealers for the financing of
inventory [ f l o o r planning] and working capital
purposes; the purchasing and servicing f o r i t s
own account of sales finance contracts; the
sale of c r e d i t related l i f e and accident and
health or decreasing or level ( i n the case of
single payment loans) term l i f e insurance by
licensed agents or brokers, as required; the
sale of consumer oriented financial management
courses; the servicing, f o r any person, of
loans and other extensions of c r e d i t ; the
making, acquiring, and servicing, for i t s
own account and for the account of others, of
extensions of c r e d i t t o individuals secured
by liens on residential or non-residential
real estate; and the sale of mortgage l i f e
and mortgage d i s a b i l i t y insurance d i r e c t l y
related to extensions of mortgage loans)
(CHI engages in the making or acquiring of
loans and other extensions of c r e d i t , secured
or unsecured, f o r consumer and other purposes;
the sale of c r e d i t related l i f e and accident
and health or decreasing or level [ i n the case
of single payment loans] term l i f e insurance
by licensed agents or brokers, as required;
the sale of consumer oriented financial management courses; the servicing, for any person,
of loans and other extensions of c r e d i t ;
the making, acquiring, and servicing, f o r
i t s own account and f o r the account of others,
of extensions of c r e d i t to individuals secured
by liens on residential or non-residential
real estate; and the sale of mortgage l i f e and
mortgage d i s a b i l i t y insurance d i r e c t l y
related to extensions of mortgage loans; the
H.3, U t
+o. 40
- 29 -
APPLICATIONS RECEIVED - Continued
service area f o r the o f f i c e of CPFC and CHI
dt Che new location w i l l be comprised of
the e n t i r e States of Missouri and Kansas for
a l l of the aforementioned a c t i v i t i e s , credit
related l i f e , accident and health insurance
may be w r i t t e n by Family Guardian L i f e
Insurance Company, an a f f i l i a t e of CPFC and
CHI) from 310 E. 12th Street, Kansas C i t y ,
Missouri to 8800 E. 63rd Street, Raytown,
Missouri, through i t s subsidiaries, CPFC
and CHI (10/1/82)
#
New York
C i t i c o r p , New York * New York, requests permission
to expand the a c t i v i t i e s of f i v e existing o f f i c e s
(the making, acquiring or servicing or consumer
loans and other extensions of credit secured
by f i r s t mortgage or f i r s t t r u s t liens or decreasing or level [ i n the case of single payment
loans] term l i f e insurance by licensed agents or
brokers, as required; the sale of consumer
oriented financial management courses; the serv i c i n g , for any person, of loans and other
extensions of c r e d i t ; and the sale of mortgage
l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y
related to extensions of mortgage loans,
c r e d i t related l i f e , accident, and health
insurance may be underwritten by Family
Guardian L i f e Insurance Company, an a f f i l i a t e
of Citicorp Financial, Inc.) at 7720 York Road,
Towson, Maryland; 8200 Perry Hall Boulevard,
Baltimore, Maryland; 3500 East-West Highway,
Hyattsvi1le, Maryland; Harundale Mall, Ritchie
Highway and Aquahart Road, Glen Burnie, Maryland
and Springfield Mall, P.O. Box 789, S p r i n g f i e l d ,
V i r g i n i a , through i t s subsidiary, C i t i c o r p ,
Financial, Inc. (10/1/82)
Philadelphia
FB&T Corporation, Hanover, Pennsylvania, n o t i f i c a t i o n
of intent to engage in de novo a c t i v i t i e s , ( i n
consumer finance a c t i v i t i e s , including the
extension of d i r e c t loans to consumers, the
discount of r e t a i l and installment notes or
contracts the extension of d i r e c t loans to
dealers for the financing of inventory [ f l o o r
planning]; and acting as agent for the sale
of l i f e , accident and health insurance d i r e c t l y
related to i t s extensions of c r e d i t ) at 38 York
Street, Hanover, Pennsylvania, serving the county
in which the o f f i c e is located and those portions
of contiguous counties in Pennsylvania within a
15-mile radius of the o f f i c e , through i t s subsidiary , Hanover Consumer Discount Company (9/29/82)
H.2, 1982 No. 40
-30-
APPLICATIONS RECEIVED - Continued
Richmond
Equitable Bancorporation, Baltimore, Maryland,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (acting as a sales agent o?
Travelers Express Company, I n c . , for the
sale through the a f f i l i a t e d banks of the
holding company of money order drawn on
Travelers Express Company, Inc.) at 100
South Charles Street, Baltimore, Maryland
(10/1/82)
Richmond
Union Trust Bancorp, Baltimore, Maryland,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making installment loans to
individuals for personal, family or household
purposes; purchasing sales finance contracts
executed in connection with the sale of
personal, family or household goods or
services; acting as agent in the sale of
c r e d i t l i f e and credit accident and health
insurance d i r e c t l y related to i t s extensions
of c r e d i t ; acting as agent in the sale of
insurance protecting c o l l a t e r a l held against
the extensions of c r e d i t ; and making second
mortgage loans secured in whole or in part
by mortgages or other liens on real estate)
at 708 North Edgewood Avenue, Jacksonville,
Florida, through i t s subsidiary, Landmark
Financial Services, Inc. (9/29/82)
Atlanta
F i r s t Railroad & Banking Company, Augusta, Georiga,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making consumer installment loans
secured by note, household goods, and f i r s t or
second mortgages on real estate up to $15,000;
purchasing installment sales contracts up to
$3,500; underwriting c r e d i t l i f e and accident
and health insurance; and s e l l i n g as agent
property insurance in connection with i t s loan
and installment sales contracts) in Waynesville,
North Carolina, covering a service area encompassing Haywood County, through i t s subsidiary
CMC Group. Inc. (9/22/,82)
Chicago
Valley Bancorporation, Appleton, Wisconsin, for
approval to acquire Uniban Services, I n c . ,
Green Bay, Wisconsin, a wholly-owned subsidiary of United Bankshares, I n c . , that
engages in the leasing of personal property.
H.2, 1982 No. 40
-31-
APPLICATIONS RECEIVED r Continued
Kansas City
Valley Falls Insurance, I n c . , Valley F a l l s ,
Kansas, n o t i f i c a t i o n of intent to engage in
de novo a c t i v i t i e s (engaging in consumer
finance a c t i v i t i e s , including the extension
of d i r e c t loans to consumers in accordance with
the Board's Regulation Y) at 406 Broadway,
Valley F a l l s , Kansas, serving the community
of Valley F a l l s , Kansas (9/28/82)
Dal las
Nasher Financial Corporation, Dallas, Texas,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (making or acquiring, for i t s own
account or for the account of others, loans
and other extensions of credit (including
issuing l e t t e r s of credit and accepting
d r a f t s ) such as would be made by a bank or
bank related financial i n s t i t u t i o n pursuant
to Sections 225.4 (b)(1), of Regulation Y
and 4(c)(8) of the Bank Holding Company
Act; s p e c i f i c a l l y , NorthPark National Corporation w i l l concentrate i t s lending a c t i v i t i e s
toward commercial and i n d u s t r i a l concerns in
i t s service area, including manufacturing,
r e t a i l , wholesale, energy, real estate and
service type industries) at 1300 NorthPark
Center, Dallas, Texas, serving the Dallas/
Fort Worth Metroplex area, consisting of
Dallas, Tarrant, C o l l i n , Denton, E l l i s , Rockwall and Kaufman Counties, through i t s subs i d i a r y , Northpark National Corporation
(9/28/82)
San
Franci sco
BankAmerica Corporation, 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 intent to expand the de novo
a c t i v i t i e s (to include a l l functions or a c t i v i t i e s that may be performed or carried on by
a t r u s t company pursuant to Section 225.4(a)(4)
of Regulation Y) at 65 Broadway, New York, New
York, serving the United States, through i t s
subsidiary, BankAmerica Securities Services
Company of New York (A Limited Purpose Trust
Company) (9/28/82)
San
Francisco
F i r s t Interstate Bancorp, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to expand de novo
a c t i v i t i e s ( i n the a c t i v i t y of acting, as
re-insurer for credit l i f e insurance which is
d i r e c t l y related to extensions of credit by
the Bank Holding Company System; such expanded
a c t i v i t y w i l l be performed by F i r s t Interstate
I
H.2, 1982 No. 40
- 32 -
APPLICATIONS RECEIVED - Continued
Life Insurance Company 1n the State of
Nevada, such activities have been specified
by the Board in Section 225.4(a)(10) of
Regulation Y) (9/24/82)
REPORTS RECEIVED
None.
PETITIONS FOR RULEMAKING
None.
i
@FedFRASER