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ANNOUNCEMENT B O A R D OF G O V E R N O R S OF TH E F E D E R A L R E S E R V E SYS T E M H.2, 1990, No. 42 A c t i o n s of the Board, its Staff, and the Federal R e s e r v e Banks; A p p l i c a t i o n s and Re p o r t s R e c e i v e d D u r i n g the W e e k E n d i n g O c t o b e r 20, 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES AmSouth Bancorporation, Birmingham, Alabama — petition for reconsideration of BoardTs order approving application to acquire First Bank of Maury County, Columbia, Tennessee. Denied, October 15, 1990. Norwest Corporation, Minneapolis, Minnesota — to acquire American Land Title Co., Inc., Omaha, Nebraska, and engage in title insurance agency and real estate settlement activities. Approved, October 15, 1990. South Carolina National Corporation, Columbia, South Carolina — to acquire Atlantic Savings Bank, FSB, Hilton Head Island, South Carolina, and Atlantic Mortgage Corporation of South Carolina, Inc., and engage in mortgage banking activities. Approved, October 15, 1990. : ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer a © Community Affairs; F0MC - Federal Open Market Committee; FRB0 - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Diredtor*~7 for Management * £££ BANK BRANCHES, DOMESTIC New York Bank of Avoca, Avoca, New York — branch at 2 Chase Street. Approved, October 17, 1990. Secretary Central Bank of the South, Birmingham, Alabama — to establish a branch at Section 21, Township 4 South, Range 2 West, Madison, Alabama. Approved, October 17, 1990. San Francisco Commercial Bank of Fremont, Fremont, California — to establish a branch at 32940 Alvarado - Niles Road, Suite 450, Union City, California. Approved, October 17, 1990. to establish a RESEARCH LICRA ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY H.2 OCTOBER 15, 1990 PAGE 2 TO OCTOBER 19, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Blue Ridge Bancshares, Inc., Kansas City, Missouri to acquire Blue Ridge Bank and Trust Company. Approved, October 17, 1990. S t . Louis Carroll Financial Services, Inc., Huntingdon, Tennessee, and Carroll Bank & Trust Employee Stock Ownership Plan — to acquire Carroll Bank & Trust, McLemoresville, Tennessee. Approved, October 17, 1990. Kansas City First Bancorp of Kansas, Wichita, Kansas — to acquire Valley Center Bancshares, Inc., Valley Center, Kansas, and Arkansas Valley State Bank. Approved, October 16, 1990. Minneapolis First Dakota Financial Corporation, Bismarck, North Dakota — to acquire Security State Bank, Beulah, North Dakota. Approved, October 16, 1990. Secretary First Security Corporation, Salt Lake City, Utah — to engage in financial or investment advisory activities and to provide securities brokerage services to retail and institutional customers through First Security Discount Brokerage, Inc. Approved, October 15, 1990. Minneapolis Fishback Insurance Agency, Brookings, South Dakota to acquire Community State Bank, Stockholm, South Dakota, and First National Bank, White, South Dakota. Returned, October 18, 1990. Cleveland Fist Financial Bancshares, Inc., Monroe, Ohio — acquire The Fayette Federal Savings Bank, Connersville, Indiana. Approved, October 17, 1990. Chicago Garwin Bancorporation, Garwin, Iowa — Farmers Savings Bank. Approved, October 16, 1990. Atlanta New South Finance, Inc., Cartersville, Georgia — to engage de novo in lending, insurance agency, and underwriting activities. Permitted, October 17, 1990. to to acquire H.2 OCTOBER 15, 1990 PAGE 3 TO OCTOBER 19, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES St. Louis State First Financial Corporation, Texarkana, Arkansas — to acquire Atlanta National Bank, Atlanta, Texas. Approved, October 19, 1990. BANK PREMISES St. Louis Jackson Exchange Bank and Trust Company, Jackson, Missouri — investment in bank premises. Approved, October 16, 1990. Chicago Liberty State Bank & Trust, Hamtramck, Michigan — investment in bank premises. Approved, October 19, 1990. New York Manufacturers Hanover Trust Company, New York, New York — investment in bank premises. Approved, October 15, 1990. Kansas City Mercantile Bank of Kansas City, Kansas City, Missouri — investment in bank premises. Approved, October 15, 1990. Staff Director BS&R Valley Bank of Nevada, Las Vegas, Nevada — investment in bank premises. Approved, October 16, 1990. BANKS, NATIONAL Chicago Merchants National Bank & Trust Company of Indiana, Indianapolis, Indiana — to acquire Merchants Service Corporation. Returned, October 18, 1990. BANKS, STATE MEMBER Minneapolis Farmers State Bank, Faith, South Dakota — a dividend. Approved, October 16, 1990. payment of Staff Director BS&R First of America Bank - Wayne, Wayne, Michigan — prepayment of subordinated notes. Approved, October 19, 1990. H.2 OCTOBER 15, 1990 PAGE 4 TO OCTOBER 19, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, STATE MEMBER Staff Director BS&R Harris Trust and Savings Bank, Chicago, Illinois — issuance of subordinated note. Approved, October 19, 1990. CAPITAL STOCK Minneapolis Faith Bank Holding Company, Inc., Pierre, South Dakota — redemption of shares. Approved, October 17, 1990. CHANGE IN BANK CONTROL Chicago Bank of Lenawee, Adrian, Michigan — control. Permitted, October 19, 1990. St. Louis Delta Bancshares, Inc., Eudora, Arkansas — bank control. Permitted, October 18, 1990. San Francisco EastWest Financial Group, Honolulu, Hawaii — in bank control. Permitted, October 18, 1990. Richmond ENB Financial Corporation, Elkridge, Maryland — change in bank control. Permitted, October 19, 1990. Chicago Northern States Financial Corporation, Waukegan, Illinois — change in bank control. Permitted, October 16, 1990. change in bank change in change COMPETITIVE FACTORS REPORTS Boston Bank of New England - West, National Association, Springfield, Massachusetts, proposed merger with Bank of New England, National Association, Boston, Massachusetts — report on competitive factors. Submitted, October 17, 1990. Dallas Bank of the West, Austin, Texas, proposed merger with The Citizens State Bank, Giddings, Texas — report on competitive factors. Submitted, October 19, 1990. H.2 OCTOBER 15, 1990 PAGE 5 TO OCTOBER 19, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Blackshear Bank, Blackshear, Georgia, proposed merger with Blackshear Acquisition, Inc. — report on competitive factors. Submitted, October 19, 1990. Minneapolis Central Bank, Stillwater, Minnesota, proposed merger with Cosmopolitan State Bank — report on competitive factors. Submitted, October 17, 1990. Cleveland Central Trust Company of Northeastern Ohio, N.A., Canton, Ohio, proposed purchase and assumption of two Akron branches of The Huntington National Bank, Columbus, Ohio — report on competitive factors. Submitted, October 15, 1990. Philadelphia Citizens National Bank of Landsford, Landsford, Pennsylvania, proposed merger with Landsford Interim National Bank — report on competitive factors. Submitted, October 17, 1990. Atlanta Community Trust Bank, Hiram, Georgia, proposed merger with CTFS Interim Corporation — report on competitive factors. Submitted, October 15, 1990. Chicago First Bank, National Association, Davenport, Iowa, proposed merger with Central Trust and Savings Bank, Eldridge, Iowa — report on competitive factors. Submitted, October 18, 1990. Atlanta First City Bank of Fort Walton, Fort Walton Beach, Florida, proposed merger with Second City Bank of Fort Walton — report on competitive factors. Submitted, October 19, 1990. Chicago First Interstate Bank of Iowa - Northwest, National Association, Estherville, Iowa, proposed merger with First Interstate Bank of Spencer, National Association, Spencer, Iowa — report on competitive factors. Submitted, October 18, 1990. H.2 OCTOBER 15, 1990 PAGE 6 TO OCTOBER 19, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City First National Bank in Albuquerque, Albuquerque, New Mexico, proposed merger with FirstBank Santa Fe, Santa Fe, New Mexico, and Western Bank Taos, Taos, New Mexico — report on competitive factors. Submitted, October 17, 1990. S t . Louis Helena National Bank, Helena, Arkansas, proposed purchase of assets and assumption of liabilities of Bank of Marvell, Marvell, Arkansas — report on competitive factors. Submitted, October 18, 1990. Atlanta Home Federal Savings Bank, Atlanta, Georgia, proposed purchase of the branch at 526 South Main Street, Woodstock, Georgia, of Decatur Federal Savings and Loan Association, Decatur, Georgia — report on competitive factors. Submitted, October 16, 1990. Chicago Independent Bank - West Michigan, Rockford, Michigan, proposed acquisition of certain assets and assumption of the liability to pay certain deposits of the White Cloud Branch of The Peoples State Bank, St. Joseph, Michigan. Submitted, October 15, 1990. Atlanta SouthTrust Bank of West Volusia County, De Land, Florida, proposed merger with SouthTrust Bank of Volusia County — report on competitive factors. Submitted, October 19, 1990. EXTENSIONS OF TIME St. Louis Casey County Bancorp, Inc., Liberty, Kentucky — extension to January 14, 1991, to acquire Middleburg Bancorp, Inc., Middleburg, Kentucky, and Farmers Deposit Bank. Granted, October 15, 1990. Philadelphia Diamond State Bancorp, Inc., Dover, Delaware — extension to January 26, 1991, to acquire Diamond State Bank, N.A. Granted, October 19, 1990. H .2 OCTOBER 15, 1990 PAGE 7 TO OCTOBER 19, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco First Interstate Bancorp, Los Angeles, California -extension to divest certain property. Granted, October 17, 1990. Chicago First Midwest Corporation of Delaware, Elmwood Park, Illinois — extension to December 31, 1990, to activate charter of Midwest Bank and Trust Company of DuPage County, East St. Louis, and relocate the Bank to Hindsdale, Illinois. Granted, October 18, 1990. Cleveland F.N.B. Corporation, Hermitage, Pennsylvania -extension to January 23, 1991, to acquire Dollar Savings Association, New Castle, Pennsylvania. Granted, October 19, 1990. Chicago Liberty State Bank & Trust, Hamtramck, Michigan -extension to January 9, 1991, to establish a branch at Northwest Corner of 12 Mile Road and Halstead Road, Farmington Hills, Michigan. Granted, October 19, 1990. Atlanta MC Bancshares, Inc., Morgan City, Louisiana -extension to February 15, 1991, to acquire MC Bank & Trust Company (formerly Morgan City Bank & Trust Company). Granted, October 18, 1990. San Francisco Mitsui - Taiyo Kobe Bank, Limited, Tokyo, Japan — extension to February 7, 1991, to acquire additional shares of Security Pacific Financial Services System, Inc., San Diego, California, and SPFSS, Inc. Granted, October 17, 1990. Staff Director BS&R Security Pacific Corporation, Los Angeles, California — extension to conform activities of Burns Fry Holdings Corporation, Toronto, Ontario, Canada, to Regulation K. Granted, October 19, 1990. H. 2 OCTOBER 15, 1990 PAGE 8 TO OCTOBER 19, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Atlanta Summerville / Trion Bancshares, Inc., Summerville, Georgia — extension to January 22, 1991, to engage de novo in insurance activities. Granted, October 18, 1990. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — extension to January 27, 1991, to acquire BHC Holdings, Philadelphia, Pennsylvania, and engage in securities brokerage activities. Granted, October 18, 1990. H.2 OCTOBER 15, 1990 PAGE 9 ADDITIONS AND CORRECTIONS TO OCTOBER 19, 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Task Force on Delegation of Enforcement Authority to Regional Offices and Banks — interagency report to the Congress. Authorized, September 26, 1990. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Bancs of Chicago Bancorp, Inc., Winnetka, Illinois — to acquire GEMA Financial Corporation, and the Bank of Chicago - Little Village, Chicago; Tsvaiter Financial Corporation, Winnetka; the Bank of Chicago - Garfield Ridge, Chicago; Dritter Financial Corporation, Winnetka; and Bank of Chicago - Lakeshore, Chicago; Ershter Financial Corporation, Winnetka; and Bank of Chicago - Little Village, Chicago, Illinois. Returned, September 20, 1990. Chicago Ershter Financial Corporation, Winnetka, Illinois — to acquire Bank of Chicago - Little Village, Chicago, Illinois. Returned, September 20, 1990. Chicago GEMA Financial Corporation, Winnetka, Illinois — to acquire Tsvaiter Financial Corporation, the Bank of Chicago - Garfield Ridge, Chicago; Dritter Financial Corporation, Winnetka; the Bank of Chicago - Lakeshore, Chicago; Ershter Financial Corporation, Winnetka; and Bank of Chicago - Little Village, Chicago, Illinois. Returned, September 20, 1990. CHANGE IN BANK CONTROL Chicago Dritter Financial Corporation, Winnetka, Illinois — change in bank control. Permitted, September 20, 1990. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE ^Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice Citicorp, New York, New York to acquire all of the voting shares of De Anza Holding Corporation, Sunnyvale, California, and thereby to acquire De Anza Bank, Sunnyvale, California. 11/15/90 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Royal Bank of Canada, Montreal, Canada to engage through its subsidiary, RBC Dominion Securities Corporation, New York, New York, in underwriting and dealing debt and equity securities of Canadian corporate issuers without any revenue or other quantitative limitation. N/A Canadian Imperial Bank of Commerce, Toronto, Canada to engage through its subsidiary, Woody Gundy Corp., New York, New York, in underwriting and dealing debt and equity securities of Canadian corporate issuers without any revenue or other quantitative limitation. N/A The Bank of Nova Scotia, Toronto, Canada to engage through its subsidiary, ScotiaMcLeod (USA) Inc., New York, New York, in underwriting and dealing debt and equity securities of Canadian corporate issuers without any revenue or other quantitative limitation. N/A The Fuji Bank, Limited, Tokyo, Japan to engage de novo through its subsidiary, Fuji Securities Inc., Chicago, Illinois, in trading in futures and options on futures contracts on government securities, gold, silver bullion, platinum, foreign exchange, and certificates of deposit and other money market instruments, and acting as a futures commission merchant in the execution and clearance of futures contracts for all instruments and commodities, and related indices, that Fuji Securi ties Inc. is authorized to buy and sell in the cash market for its own account, and providing investment advice in conjunction therewith. N/A Federal Reserve Bank of New York Comment Period Ending Date SECTION IV Applications Not Involving Public Comment______ None. 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. F E D E R A L R E S E R V E BANK OF P H I L A D E L P H I A SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank, Reading, PA requests permission to establish a remote service facility to be located at the ACME Markets, 1200 Welsh Road, North Wales, PA. Secretary Delegated 11/5/90 NOTE: the street address was incorrectly stated as 120 Welsh Road in last week's bulliten. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date None. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ * Subject to provisions of Community Reinvestment Act. N/A - not yet available. Federal R eserve Bank of Cleveland A p p l i c a t i o n s Bulletin For W e e k Ending O ctober 20, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION C O MMENT P E RIOD ENDING R e c e i v e d a p p l ication on O c tober 16,1990 from The Fifth Th i r d Bank, Cincinnati, Ohio, for p e r m i s s i o n to establish a b r a n c h at 6150 G l e n w a y Avenue, Cincinnati, Ohio. * N o v e m b e r 15, 1990 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE R e c e i v e d Section 3(a)(3) appl i c a t i o n on O c t o b e r 12, 1990 from Banc One Wis c o n s i n Corporation, Milwaukee, Wisconsin, to a c quire Marine Bank Chicago, Chicago, Illinois. * Not Yet Known # SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE * # N F - Subject to CRA Exp e c t e d to end a p p r o x imately 30 days from the date of receipt N e w s p a p e r Comment Period Federal R e g i s t e r Comment Period A p p l i c a t i o n s B u l letin For W e e k Endi n g O c t o b e r 20, 1990 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE R e c e i v e d a p p l i c a t i o n on O c t o b e r 16, 1990 from The M e t r o D a yton Bank, Dayton, Ohio, for approval of m e m b e r s h i p in the Federal R e s e r v e Syst e m p u r s u a n t to S ection 9 of the Federal Re s e r v e Act and S e ction 208.4 of R e g u l a t i o n H. * # N F - S ubject to CRA E x p e c t e d to end a p p r o x i m a t e l y 30 days from the date of receipt N e w s p a p e r Comment Period Federal R e g i s t e r C omment Period F e d e r a l R e se rv e Bank o f Richm ond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None . Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Signet Banking Corporation, Richmond, Virginia, to serve as investment adviser to investment companies registered under the Investment Company Act of 1940, through its subsidiary, Signet Trust Company. 11-5-90* First North loans First 11-6-90* Union Corporation, Charlotte, Carolina, to engage in brokering and leases through Its subsidiary, Union Securities, Inc. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Westinghouse Electric Corporation, Pittsburgh, Pennsylvania, request that the Board not disapprove the proposed dual serving of Mr. Hays T. Watkins as a director of Applicant and also of Signet Banking Corporation, Richmond, Virginia. ^Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending Oc t o b e r 19. 1990 Section II - Applications Subject to Both Newspaper and Federal Register Not i c e A p p l ication Comment Period Ending Date Community Bancshares, Inc. Blountsville, Alabama Change in control by Community Bancshares, Inc. Employee Stock Ownership Plan, Blountsville, Alabama (Kennon Ray Patterson, S r . ; Bishop Keener Walker, J r . ; and Dicey Strickland Childers, t r u s t e e s ) , to acquire an additional 5.37 percent of the outstanding shares of common stock. The acquisition will increase the ESOP's total ownership to 13.42 percent. SouthTrust Corporation Birmingham, Alabama To acquire SouthTrust Bank of Columbia, N.A., Columbia, South Carolina, (in organization). Bank of North America Bancorp, Inc. Miami, Florida 1-BHC formation, Bank of North America, Miami, Florida. Button Gwinnett Bancorp, Inc. Norcross, Georgia To become a b a n k holding company by converting the charter of its subsidiary, Button Gwinnett Savings Bank, FSB, Norcross, Georgia, to that of a national banking association charter. Community Trust Financial Services Corporation Hiram, Georgia 1-BHC formation, Community Trust Bank, Hiram, Georgia. VB&T Bancshares, Corp. Valdosta, Georgia 1-BHC formation, Valdosta Bank & Trust, Valdosta, Georgia. First City Bancorp, Inc. Murfreesboro, Tennessee Change in control by First City Bancorp, Inc. Employee Stock Ownership Plan, Murfreesboro, Tennessee (William E. Rowland; R o bert E. Murfree; and William Kent Coleman, trustees) , to acquire up to 24.9 pe r c e n t of the outstanding shares of common stock. S e ction III- Applications Subject To Federal Regi s t e r Notice O nly Application Automotive Financial Services, Kenner, Louisiana Inc. Applicant seeks approval to continue its consumer finance activities, pursuant to section 225.25(b)(1) of Regulation Y, and to continue the activity of accepting restricted deposits, pursuant to section 2 2 5 . 2 5 ( b ) ( 3 ) (ii) of Reg u l a t i o n Y. Federal Reserve Bank of Chicago Type Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Membership N - 10-10-90 Royal American Bank Inverness, Illinois (in organization) To become a member in the Federal Reserve System* EFT Bankers Trust Company Des Moines, Iowa Mr. Bill's, 204 SW 1st Grimes, Iowa* EFT N INB Banking Company North Chesterton, Indiana (formerly Chesterton State Bank) 380 Sand Creek Drive Chesterton, Indiana* - 11-5-90 Branch Marine Bank of Bloomington-Normal Bloomington, 111inois 1111 North Main Street Normal, Illinois* N - 9-15-90 Branch First of America Bank - Central Lansing, Michigan Lansing Mall, 5330 W. Saninaw Lansing, Michigan* N _ ** N - 10-26-90 Section II - Applications Subiect to Both Newspaper and Federal Reaister Notice Comment Period Ending Date Type Application CoC-HC The Baraboo Bancorporation, Inc. Baraboo, Wisconsin Merlin E. Zitzner FR - 10-16-90 N - 10-15-90 Y-l Royal American Corporation Inverness, Illinois Royal American Bank (in organization) Inverness, Illinois* FR - 10-24-90 N - 10-10-90 Y-2 INB Financial Corporation Indianapolis, Indiana F L & T Financial Corporation Columbia City, Indiana The Farmers Loan and Trust Company Columbia City, Indiana* FR - 10-25-90 N - 10-29-90 Communitifirst Bancorp, Inc. Chicago, Illinois Community Bank of Lawndale Chicago, Illinois* FR - ** N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application CoC-HC Fostoria Bankshares, Inc. Fostoria, Iowa Joseph Simington Milford, Iowa FR - ** N - ** Y-l Worthington Bancorporation Farley, Iowa State Bank of Worthington Worthington, Iowa* FR - ** N - ** CoC-HC First Eagle Bancshares, Inc. Roselle, Ilinois Joel I. Salk; Mildred J. Salk Revocable Trust; Joel & Mildred J. Salk or their successors as Trustees FR - ** N - ** CoC-HC Schooler Bancshares, Inc. Des Moines, Iowa Larry Rolfstad, Marion Coons, Dwight Vredenburg FR - ** N - ** Y-l Bancs of Chicago Bancorp, Inc. Winnetka, Illinois, GEMA Financial Corporation Winnetka, 111inois Bank of Chicago-Little Village Chicago, Illinois Tsvaiter Financial Corporation Winnetka, Illinois Bank of Chicago-Garfield Ridge Chicago, Illinois Dritter Financial Corporation Winnetka, Illinois Bank of Chicago-Lakeshore Chicago, Illinois Ershter Financial Corporation Winnetka, 111inois Bank of Chicago-Little Village Chicago, Illinois* FR - ** N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-l Ershter Financial Corporation Winnetka, 111inois Bank of Chicago-Little Village Chicago, Illinois* FR - ** N - ** Y-2 GEMA Financial Corporation Winnetka, Illinois Tsvaiter Financial Corporation Winnetka, Illinois Bank of Chicago-Garfield Ridge Chicago, Illinois Dritter Financial Corporation Winnetka, Illinois Bank of Chicago-Lakeshore Chicago, Illinois Ershter Financial Corporation Winnetka, Illinois Bank of Chicago-Little Village Chicago, 111inois * FR - ** N - ** CoC-HC Dritter Financial Corporation W innet ka, Illinois Gary R. Edidin Trustee Edidin Stock Trust; Gary R. Edidin & Stanley H. Meadows Trustee Gary Edidin Family Trust FR - ** N - ** Y-l Minowa Bancshares, Inc. Decorah, Iowa Decorah State Bank Decorah, Iowa The First National Bank of Mabel Mabel, Minnesota* FR - ** N - ** Y-2 Preston Bancshares, Inc. Preston, Iowa Chadwick Bancshares, Inc. Chadwick, Illinois Farmers State Bank of Chadwick and Mount Carroll Mount Carroll, Illinois* FR - ** N - ** Y-l Waterford Bancshares, Inc. Waterford, Wisconsin Waterford Bank Waterford, Wisconsin* FR - ** N - ** Federal Reserve Bank of Chicago Type Application Y-4 ANB Corporation Huncie, Indiana Muncie Federal Savings Bank Muncie, Indiana Service Management Corporation Muncie, Indiana Ending Date FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application None N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time F e d e ra l R e se rv e Bank o f S t . O c to b e r 19, 1990 L o u is SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE End of Comment Period Application * Section 3(a)(3) application by Scott County Bancorp, Inc., Winchester, Illinois, to acquire additional shares of Founders Bancorp, Inc., Scottsdale, Arizona (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE None SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Marquette Bank Apple Valley, To establish a in Burnsville, Apple Valley MN de novo branch MN* 11-1-90 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Hettinger Holding Company, Inc. Fargo, ND To acquire First National Bank of Hettinger, Hettinger, ND* 11-12-90 (Newspaper) Kent Harrington To increase his ownership from 16.08% to 16.76% of Plainview Bankshares, Inc., Plainview, MN 10-29-90 (Federal Register) Mark White and Janice Muhar To acquire control of 100% of Jan-Mar Corporation, Coleraine, MN 11-7-90 (Federal Register) FS Banco, Inc. Malta, MT To acquire First State Bank, Malta, MT* 12-14-90 (Newspaper) Hayward Bancshares, Inc. Hayward, WI To acquire The Peoples Bancshares of Hayward, Inc., Hayward, WI, a one-bank holding company owning The Peoples National Bank, Hayward, WI* Not yet available *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Application Krause Financial, Inc. Winnebago, MN To acquire the First National Bank in Winnebago, Winnebago, MN* 10-31-90 (Newspaper) Corporate Advisors, L.P., Corporate Partners, L.P., Corporate Offshore Partners, L.P., the State Board of Ad ministration of Florida, Lazard Freres & Co ., LFXR Corp., LFXR Partners, L.P., and LFCP Corp. To increase their ownership interest by 1.2% to 14.9% of First Bank System, Inc., Minneapolis, MN Not yet available Section III - Applications Subject to Federal Register Notice Only Application Norwest Corporation Minneapolis, MN To engage in data processing activities through the acquisition of United Banks Service Company, Englewood, CO; to en gage in commercial finance activities through the acquisition of United Banks Financial Services Corporation, Denver, CO; to engage in insurance agency acti vities through the acquisition of United Banks Insurance Services, Denver, CO and Lincoln Agency, Inc./Phoenix Arizona, Tempe, AZ; and to engage in underwriting and reinsurance of credit life, accident and health insurance through the acqui sition of IntraWest Insurance Company, Denver, CO and Fidelity National life Insurance Company, Denver, CO. *Subject to CRA Comment Period Ending Date Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only (Continued) Comment Period Ending Date Application Commercial Banshares, Inc. Mitchell, SD To acquire Spectrum Life Insurance Company, Mitchell, SD Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank o f Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Mike C. Daly, Wheatland, Wyoming, for prior approval to increase his proportionate ownership interest in Wheatland Bankshares, Inc., Wheatland,, Wyoming, to 20.2 percent. Not Available Community Bankshares of Wyoming, Guernsey, Wyoming, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Oregon Trail Bank, Guernsey, W y o m i n g .* Not Available First Bancorp of Durango, Durango, Colorado, for prior approval to become a bank holding company through the acquisition of 82.3 percent of the voting shares of First National Bank of Durango, Durango, Colorado.* Not Available Air Academy National Bancorp, U.S. Air Force Academy, Colorado, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Air Academy National Bank, U.S. Air Force Academy, Colorado.* Not Available First Commerce Bancshares, Inc., Lincoln, Nebraska, for prior approval to acquire 100 percent of the voting shares of First National Bank of McCook, McCook, Nebraska.* Not Available Decatur Investment, Inc., Oberlin, Kansas, for prior approval to merge with Western Kansas Investment Corp., Inc., Winona, Kansas, parent of The Bank, Oakley, Kansas.* Not Available Federal Reserve Bank o f Kansas City SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE O N L Y APPL I C A T I O N Brooke Holdings, Inc., Jewell, Kansas, for prior approval to acquire 100 percent of the voting shares of G y psum Valley Agency, Inc., Jewell, Kansas. COMMENT PERIOD ENDING D ATE Not Available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NO T I C E * OR NEWSPAPER NOTICE APPLICATION Wheatland Bankshares, Inc., Wheatland, Wyoming, for prior approval to redeem 34,976 shares of its own voting common stock. *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 15, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Elvin Lowery, Huntington, TX, to acquire an interest in Huntington Bancshares, Inc., Huntington, TX 90/10/31 Change in Control Notice by Michael Gordon Murphy; Fred Deen Herring; and Carl Fred Allen, Houston, TX, to acquire an interest in Foremost Bancshares, Inc., Houston, TX 90/10/16 Change in Control Notice by Pat S. Bolin, Dallas, TX; D. Phil Bolin; Dan H. Bolin, M.D.; Warren T. Ayers; and Eagle I, Wichita Falls, TX, to acquire an interest in Fidelity Resources Company, Dallas, TX N/A Change in Control Notice by Sidney William Cauthorn, Del Rio, Tx, to acquire an interest in Westex Bancorp, Inc., Del Rio, TX N/A ♦Section 3(a)(1) application by Landmark Bancshares, Inc., Euless, TX, to acquire Landmark Bank-Mid Cities, Euless, TX 90/11/12 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) application by Guaranty Bancshares, Inc., Mount Pleasant, TX, to acquire Guaranty Leasing Company, Inc., Mount Pleasant, TX (to engage in full pay-out personal leasing) 90/10/30 Section 4(c)(8) application by Guaranty Financial Corp., Wilmington, DE, to acquire Guaranty Leasing Company, Inc., Mount Pleasant, TX (to engage in full pay-out personal leasing) 90/10/30 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANdSGO Week ending 10/19/90 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice C.N. Bancorp, Ltd., San Francisco, California, to acquire Alvarado Bank, Richmond, California. * Interwest National Bancorp, Reno, Nevada, to became a bank holding company through the acquisition of Fallon National Bank of Nevada, Fallon, Nevada. * Fed. Rea.: 10/25/90 Newspaper: Not available Fed. Rea.: 11/13/90 Newspaper: Not available Section III - Applications Subject to Federal Register Notice Only U.S. Bancorp, Portland, Oregon, to engage in credit bureau activities through the acquisition of Credco of Washington, Inc., Solana Beach, California. Fed. Rea.: 11/13/90 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER