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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1988, Nb. 43 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending October 22, 1988. ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Cenvest# Inc.# Meriden# Connecticut — to acquire Meriden Trust and Safe Deposit Company. Approved# October 19# 1988. Comerica Incorporated# Detroit# Michigan — to acquire Grand Bancshares# Inc.# Dallas# Texas. Approved# October 17# 1988. Hassenstab Management Company# Inc.# Humphrey# Nebraska — petition for review of Reserve Bank's approval of the application to acquire Farmers State Bank. Denied# October 18# 1988. Security Pacific Corporation# Los Angeles# California — to engage de novo in investment advice concerning futures and options on futures contracts through SP Investment Strategies Corp. Permitted# October 17# 1988. BOARD OPERATIONS Office of the Executive Director for Information Resources Management — appointment of Stephen R. Malphrus as Deputy Executive Director. Approved# October 19# 1988. INTERNATIONAL OPERATIONS Bankers Trust New York Corporation# New York# New York — to acquire La Estrella S.A. Compania de Seguros de Retiro# Buenos Aires# Argentina# a proposed de novo pension company that will engage in insurance underwriting. Approved# October 17# 1988. REGULATIONS AND POLICIES Expedited Funds Availability Act* Deposits at Nonpro0rietary Automated Teller Machines — report to the Congress. Approved# October 19# 1988. Regulation CC — preemption determination regarding the availability of funds under the laws of California# Connecticut# Maine# Massachusetts# New Mexico# New York# and Rhode Island (Docket R-0640# R-0644, and R-0647). Approved# October 19# 1988. H.2 OCTOBER 17, 1988 PAGE 2 TO OCTOBER 21, 1988 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Regulation CC — preemption determination regarding the availability of funds under the laws of New Jersey (Docket R-0647). Proposed, October 19, 1988. Regulation CC — Expedited Funds Availability Act, amendments and revisions to official commentary (Docket R-0649). Proposed, October 19, 1988. Regulation CC — Expedited Funds Availability Act, amendment regarding treatment of payable through drafts (Docket R-0648). Proposed, October 19, 1988. Regulation CC — Expedited Funds Availability Act, interim rule — payable through drafts (Docket R-0643). Approved, October 19, 1988. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Philadelphia First Sterling Bank, Devon, Pennsylvania — to establish a branch at Lancaster Avenue and Radnor Chester Road, St. Davids, Pennsylvania. Approved, October 18, 1988. Chicago Liberty State Bank & Trust, Hamtramck, Michigan — to establish a branch at 3030 Union Lake Road, Commerce Township; and at the intersection of Metropolitan Parkway and Dundee, Sterling Heights, Michigan. Approved, October 18, 1988. Philadelphia Meridian Bank, Reading, Pennsylvania — to establish a branch at 2901 Whiteford Road, York, Pennsylvania. Approved, October 17, 1988. H.2 OCTOBER 17, 1988 PAGE 3 TO OCTOBER 21, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Cleveland Security Dollar Bank* Niles, Ohio — to establish a branch at 160 East Market Street, Warren, Ohio. Approved, October 21, 1988. Richmond The Traders Bank, Spencer, West Virginia — to establish a branch at 606 South Church Street, Ripley, West Virginia. Approved, October 17, 1988. BANK HOLDING COMPANIES Kansas City Adrian Bancshares, Inc., Adrian, Missouri — acquire Adrian Bank. Approved, October 21, 1988. to Kansas City ANB Bankcorp, Inc., Bristow, Oklahoma — to acquire Citizens Bank, N.A. Sapulpa, Oklahoma. Withdrawn, October 17, 1988. Minneapolis Big Sioux Financial, Inc., Estelline, South Dakota to acquire Farmers State Bank of Estelline, and Farmers State Bank Agency. Approved, October 21, 1988. New York Capitalbanc Corporation, New York, New York — to engage in selling money orders, U.S. savings bonds and travelers checks. Withdrawn, October 19, 1988. Minneapolis Community First Minnesota Bankshares, Inc., Fargo, North Dakota — to engage de novo in data processing. Permitted, October 19, 1988. Minneapolis Dakota Cqmpany, Inc., Minneapolis, Minnesota, and South Dakota Bancorp — to acquire Valley National Bank, Sioux Falls, South Dakota. Approved, October 18, 1988. Chicago First American Bank Corporation, Hampshire, Illinois — to engage de novo in courier services through First American Courier Services, Elk Grove Village Illinois. Returned, October 21, 1988. H.2 OCTOBER 17, 1988 PAGE 4 TO OCTOBER 21, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York First State Bancorp* Howell* New Jersey — to acquire First Washington State Bank* Washington Township* New Jersey. Returned* October 18* 1988. Chicago First Wisconsin Corporation* Milwuakee* Wisconsin* and F.W.S.B. Bancorporation* Inc. — to acquire St. Anthony Bancorporation* Inc.* Omaha* Nebraska* and St. Anthony National Bank. Approved* October 19* 1988. Chicago Jay Financial Corporation* Portland* Indiana — acquire The First National Bank of Portland. Approved * October 20 * 1988. to Dallas Lubbock Bancorporation* Inc.* Lubbock* Texas — acquire Bank of the West. Approved* October 19* 1988. to Atlanta Main Street Banks Incorporated* Covington, Georgia -to acquire Bank of Covington. Approved* October 19* 1988. Chicago NBD Bancorp* Inc.* Detroit* Michigan — to engage de novo in projects designed to promote community welfare. Returned* October 21* 1988. Cleveland Ohio Bancorp* Youngstown* Ohio — to acquire The Mingo National Bank of Mingo Junction. Approved* October 20* 1988. Atlanta Peoples Bancshares* Inc.* Elba* Alabama — The Peoples Bank. Approved* October 19* 1988. Kansas City Ramona Bankshares* Inc.* Hillsboro* Kansas — to retain Hillsboro Insurance Agency and engage in credit related insurance activities. Approved* October 21* 1988. to acquire H .2 OCTOBER 17, 1988 PAGE 5 TO OCTOBER 21, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES St. Louis Raymond Bancorp, Inc., Raymond, Illinois, and Raymond Acquisition Corporation — to acquire S.B.V. Banc Shares, Inc., Virden, Illinois, and State Bank of Virden. Approved, October 21, 1988. Kansas City Sierra Petroleum Co., Inc., Wichita, Kansas — to acquire Graham - Michaelis Financial Corporation and NBW Financial Corporation. Approved, October 18, 1988. San Francisco Tokai Bank, Limited, Tokyo, Japan — to engage in leasing activities through Tokai Credit Corporation, Los Angeles, California, nationwide. Permitted, October 21, 1988. Chicago Valley Banc Services Corp., St. Charles, Illinois — to acquire Fox Valley Bank. Approved, October 19, 1988. BANK MERGERS Chicago The State Savings Bank of South Lyon, South Lyon, Michigan — to merge with First of America Bank Ann Arbor, Ann Arbor, Michigan. Approved, October 20, 1988. BANK PREMISES Kansas City Century Bank Sterling, Sterling, Colorado — investment in bank premises. Approved, October 19, 1988. New York Gateway State Bank, Staten Island, New York — investment in bank premises. Approved, October 20, 1988. Chicago Liberty State Bank & Trust, Hamtramck, Michigan — investments in bank premises. Approved, October 18, 1988. Richmond The Traders Bank, Spencer, West Virginia — investment in bank premises. Approved, October 17, 1988. H.2 OCTOBER 17, 1988 PAGE 6 TO OCTOBER 21, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Dallas Kirby Bancshares, Inc., San Antonio, — shares. Approved, October 19, 1988. Kansas City Morrill & Janes Bancshares, Inc., Hiawatha, Kansas redemption of shares. Approved, October 17, 1988. Richmond Riggs National Corporation, Washington, D.C. — redemption of shares. Approved, October 21, 1988. Minneapolis Yellow Medicine Bancshares, Inc., Granite Falls, Minnesota — redemption of shares. Approved, October 20, 1988. redemption of CHANGE IN BANK CONTROL Minneapolis Anchor Bancorp, Inc., Wayzata, Minnesota — bank control. Permitted, October 20, 1988. change in San Francisco Brighton Bancorp, Salt Lake City, Utah — bank control. Permitted, October 18, 1988. Dallas Kirby Bancshares, Inc., San Antonio, Texas — in bank control. Permitted, October 19, 1988. Kansas City Morrill & Janes Bancshares, Inc., Hiawatha, Kansas — change in bank control. Permitted, October 17, 1988. Chicago Pinnacle Banc Group, Inc., Oak Brook, Illinois — change in control. Permitted, October 21, 1988. San Francisco Verde Valley Bancorp, Inc., Cottonwood, Arizona change in bank control. Withdrawn, October 17, 1988. Minneapolis Yellow Medicine Bancshares, Inc., Granite Falls, Minnesota — change in bank control. Permitted, October 20, 1988. change in change H.2 OCTOBER 17, 1988 PAGE 7 TO OCTOBER 21, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Aloha National Bank of Maui, Kihei, Maui, Hawaii, proposed purchase and assumption of the liabilities of Kahului Branch of the Bank of Maui, National Association — report on competitive factors. Submitted, October 20, 1988. Secretary Bellingham National Bank, Bellingham, Washington, proposed acquisition of assets and assumption of liabilities of Community State Bank, Blaine, Washington — report on competitive factors. Submitted, October 19, 1988. Cleveland Champaign National Bank of Urbana, Urbana, Ohio, proposed purchase of assets and assumption of liabilities of the Urbana office of Buckeye Federal Savings and Loan Associations, Columbus, Ohio — report on competitive factors. Submitted, October 19, 1988. Kansas City First Kansas Bank, Hoisington, Kansas, proposed merger with Farmers State Bank, Beaver, Kansas, and The Farmers and Merchants State Bank, Claflin, Kansas — report on competitive factors. Submitted, October 20, 1988. New York Horizon Bank, National Association, Morristown, New Jersey, proposed merger with Marine National Bank, Wildwood, New Jersey, and Princeton Bank, Princeton, New Jersey — report on competitive factors. Submitted, October 17, 1988. Richmond Lincoln Bank of North Carolina, Lincolnton, North Carolina, proposed merger with New Lincoln Bank of North Carolina — report on competitive factors. Submitted, October 21, 1988. Chicago NBD Cadillac Bank, Cadillac, Michigan, proposed merger with NBD Roscommon Bank, Roscommon, Michigan — report on competitive factors. Submitted, October 17, 1988. Philadelphia NBD New Castle Bank, Newark, Delaware, proposed merger with NBD Delaware Bank — report on competitive factors. Submitted, October 21, 1988. H.2 OCTOBER 17, 1988 PAGE 8 TO OCTOBER 21, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Southwest Suburban Bank, Bolingbrook, Illinois, proposed merger with Bolingbrook Merger Bank — report on competitive factors. Submitted, October 17, 1988. Kansas City Trenton Trust Company, Trenton, Missouri, proposed merger with Interim Trenton Trust Company — report on competitive factors. Submitted, October 18, 1988. EXTENSIONS OF TIME San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain property. Granted, October 17, 1988. Chicago The Baraboo Bancorporation, Inc., Baraboo, Wisconsin — extension to December 31, 1988, for change in bank control. Granted, October 20, 1988. Dallas Clyde Financial Corporation, Clyde, Texas — extension to January 20, 1989, to acquire Peoples State Bank. Granted, October 19, 1988. Kansas City First Bancorporation of Holdenville, Inc., Holdenville, Oklahoma — extension to October 30, 1988, to acquire Alliance Bank, N.A., Oklahoma City, Oklahoma. Granted, October 17, 1988. Chicago First Chicago Corporation, Chicago, Illinois — extension to February^ 2, 1989, to acquire First Chicagp Capital Markets, Inc. Granted, October 17, 1988. Chicago First Financial Corporation, Terre Haute, Indiana — extension to January 5, 1989, to acquire First Citizens of Paris, Inc., Paris, Illinois, and The Citizens National Bank of Paris. Granted, October 17, 1988. H.2 OCTOBER 17, 1988 PAGE 9 TO OCTOBER 21, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Boston Fleet / Norstar Financial Group, Inc., Providence, Rhode Island — extension to September 23, 1989, to divest certain property. Granted, October 17, 1988. Chicago Marshall & Ilsley Corporation, Milwaukee, Wisconsin — extension to January 20, 1989, to acquire Village Banc Holding Co., Inc., Elm Grove; Village Bank of Elm Grove; Hartland Bancorp, Inc., Hartland; Hartland National Bank; Greater Milwaukee Financial Corp., Milwaukee; and Greater Milwaukee Bank, Milwaukee, Wisconsin. Granted, October 19, 1988. INTERNATIONAL OPERATIONS New York Bankers Trust New York Corporation, New York, New York — to acquire BT Yuen Foong Securities Limited, Taipei, Republic of China. Permitted, October 17, 1988. Cleveland National City Corporation, Cleveland, Ohio — to form NPC Internacionale, S.A. de C.V., Juarez, Mexico. Permitted, October 21, 1988. Chicago The State Savings Bank of South Lyon, South Lyon, Michigan — to become a member of the Federal Reserve System. Approved, October 20, 1988. MEMBERSHIP RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Chicago — to purchase high speed control processor replacements and upgrades. Approved, October 20, 1988. H.2 OCTOBER 17, 1988 PAGE 10 ADDITIONS AND CORRECTIONS TO OCTOBER 21, 1988 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ADVISORY COUNCILS Thrift Institutions Advisory Council. Convened* September 13* 1988. FORMS Bank holding company reporting requirements (Y~6* Y-6a* and Y-lli) — extension with revision. Proposed* September 19* 1988. H.2 OCTOBER 17, 1988 PAGE 11 ADDITIONS AND CORRECTIONS TO OCTOBER 21, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Chicago Isabella Bank and Trust, Mount Pleasant, Michigan — to establish a branch at 500 East Wright Street, Coe Township, Isabella County, Michigan. Approved, September 9, 1988. BANK MERGERS Chicago Macomb County Bank, Richmond, Michigan — to merge with First State Bank of East Detroit, East Detroit, Michigan. Returned, October 14, 1988. COMPETITIVE FACTORS REPORTS Atlanta West Alabama Bank & Trust, Reform, Alabama, proposed merger with First State Bank of Carrollton, Carrollton, Alabama — report on competitive factors. Submitted, October 3, 1988. INTERNATIONAL OPERATIONS New York Citicorp, New York, New York — to continue to hold shares of Citicorp Scrimgeour Vickers International Ltd., London, England. Permitted, September 20, 1988. FEDERAL RESERVE RANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Conroent Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Conroent Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet/Norstar Financial Group, Inc., Providence, Rhode Island - 4(c)(8) application to acquire Brokers Securities, Inc. Federal Register Not Yet Established , 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__________ Chemical Bank, New York, New York to establish a branch at the Office Center at Montebello, Building #1, 400 Rella Boulevard, Montebello, New York.l/ 11/10/88 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Fairfield County Bancorp, Inc., Stamford, Connecticut to became a bank holding company with respect to Bank of Stamford, Stamford, Connecticut.1/ 11/17/88 3/ SECTION III Noribanking Applications (Subject to Federal Register Notice Only) Ihe Long-Term Credit Bank of Japan, Ltd., Tokyo, Japan to engage indirectly in certain commercial lending and leasing activities. N/A SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ 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 FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank, Reading, PA to establish a 1/ branch to be located at One Reading Center, 11th and Markets Sts, Philadelphia, PA. 11/14/88 Meridian Bank, Reading, PA to establish a 1/ de novo branch at the New Britain Village Square Shopping Center, U.S. Route 202 and County Line Rd., New Britain Township, Bucks County, PA and for an additional investment in bank premises pursuant to Section 24A of the Federal Reserve Act. 11/14/88 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 Guaranty Bancshares Corporation, Shamokin, PA to engage de novo in tax planning and preparation and consumer financial counseling through a to-be-formed subsidiary, Guaranty Financial Corp., pursuant to Section 4(c)(8) of the Bank Holding Company Act. 11/10/88 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. Ten Independence Mall, Philadelphia, PA 19106, (215) 574-6000 Cleveland Reserve Bank Applications For Week Ending October 22, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING Received application on October 17, 1988 from The Fifth Third Bank, Cincinnati, Ohio, for permission to establish a branch at 705 Central Avenue, Cincinnati, Ohio. Received application on October 14, 1988 from Star Bank Kenton County, Inc., Covington, Kentucky, for permission to establish a branch at 4387 Decoursey Avenue, Latonia, Kentucky. *# Not Vet Known - * November 14, 1988 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AMD FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received request on October 21, 1988 from Ohio Citizens Bank, Toledo, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act. Cleveland Reserve Bank Applications For Week Ending October 22, 1988 Received request on October 21, 1988 from Ohio Citizens Bank, Toledo, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act. Received request on October 21, 1988 from Ohio Citizens Bank, Toledo, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act. Received request on October 21, 1988 from Ohio Citizens Bank, Toledo, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act. Received request on October 21, 1988 frcm Ohio Citizens Bank, Toledo, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act.* * - Subject to CRA # - Expected to end approximately 30 days frcm the date of receipt N - Newspaper Comment Period F - Federal Register Comment Period F e d e r a l R e se rve Bank o f Richmond 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 Sovran Financial Corporation, Norfolk, Virginia, and Sovran Financial Corporation Central/South, Nashville, Tennessee, for prior approval to acquire First National Bank of Collierville, Collierville, Tennessee.* 11-15-88 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None •^Application is subject to CRA. October 24, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Columbia Bank 11-10-88 (CRA) Martinez, Georgia To establish a branch at 101 W. Robinson Avenue, Grovetown, Georgia, to be known as the Grovetown Office. Central Florida Banc Shares, Inc. 10-28-88 (CPA) Maitland, Florida Newspaper TO merge with First American Bank of Orange County, Maitland, Florida and become a member of the Federal Reserve System (interim bank merger proposal). Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Conment Period Ending Date Florida Security Holding Corporation 10-28-88 Maitland, Florida Newspaper 1-BHC formation, First American Bank of Orange County, Maitland, Florida. Canmunity Trust Financial Services Corp. Hiram, Georgia 1-BHC formation, Ccmnunity Trust Bank, Hiram, Georgia. The Citizens and Southern Corporation Atlanta, Georgia Joint with Citizens and Southern Georgia Corporation, Atlanta, Georgia, to acquire Heritage Trust, Conyers, Georgia. NBC Bancshares of DeRidder, Inc. DeRidder, Louisiana Change in Control by Frances P. McElveen to outstanding shares that increased her total (After-the-fact). 10-31-88 Newspaper retain 6.60 percent of the ownership to 19.74 percent Hartsville Bancshares, Inc. Hartsville, Tennessee Change in Control by Buford and Ruby Thompson who will become the largest shareholders as a result of a stock transfer. The transfer will increase their ownership to 23.7 percent. October 24, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Pate First Denham Bancshares, Inc. Denham Springs, Louisiana To engage de novo in insurance activities through First Advantage Insurance, Inc., Springfield, Louisiana, pursuant to section 225.25(b)(8) of Regulation Y. Public Bank Corporation St. Cloud, Florida To engage de novo in mortgage banking activities through its subsidiary, Public Mortgage Corporation, St. Cloud, Florida, pursuant to section 225.25(b)(1)(iii) of Regulation Y. F e d e r a l R e se rve Bank o f C h ica g o Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch/24A Liberty Bank-Oakland Troy, Michigan 1595-99 N. Woodward Avenue Birmingham, Michigan - $1,375,000* N - 11-6-88 FR - ** 2083 Exchange Bank of Lake County Vernon Hills, Illinois (in organization) To become a member of the Federal Reserve System* FR - ** N - ** 2070 State Bank of Caledonia Caledonia, Michigan Primebank Federal Savings Bank Middleville, Michigan* 2070 Cole Taylor Bank/Drovers Chicago, Illinois Cole Taylor Bank/Ford City Chicago, Illinois* 2070 Cole Taylor Bank/Drovers Chicago, Illinois Cole Taylor Bank/Main Wheeling, Illinois* 2070 Cole Taylor Bank/Drovers Chicago, Illinois Cole Taylor Bank/Skokie Skokie, Illinois* FR - ** U _ ** FR - ** N - ** FR - ** N _ ** FR - ** U _ ** Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Type Application Y-2 First Busey Corporation Urbana, Illinois Community Bank of Mahomet Mahomet, Illinois* Y-l Collins Bankcorp, Inc. Collins, Wisconsin Collins State Bank Collins, Wisconsin* Comment Period Ending Date FR - 10-27-88 N - 10-19-88 FR - ** H _ ** F e d e r a l R e s e rv e Bank o f C h icag o Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-2 First Wisconsin Corporation Milwaukee, Wisconsin Metro Bancorp, Incorporated Phoenix, Arizona Metropolitan Bank Phoenix, Arizona* FR - ** u — ** Y-l IBT Bancorp Mount Pleasant, Michigan Isabella Bank and Trust Mount Pleasant, Michigan* FR - ** N - ** Y-l American Chartered Bancorp Schaumburg, Illinois American Chartered Bank Schaumburg, Illinois* FR - ** N - ** Section III - Applications Subject to Federal Register Notice Only Type Application Comment Period Ending Date None 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 r a l R e se rv e Bank o f S t . L o u is SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY None. Application Comment Period Ending Date SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date * Section 3(a)(1) application by Jamestown Bancorp, Inc., Jamestown, Kentucky, to acquire Bank of Jamestown, Jamestown, Kentucky (Not available) * Section 3(a)(1) application by Bainum Bancorp, Glenwood, Arkansas, to acquire The Bank of Glenwood, Glenwood, Arkansas (Newspaper 11-6-88) SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Section 4(c)(8) notice by First Tennessee National Corporation, Memphis, Tennessee, to engage de novo, in providing investment advice on financial futures and options on futures through FTB Futures Corporation, Memphis, Tennessee (Not available) Section 4(c)(8) notice by Mid-America Bancorp, Louisville, Kentucky, to engage de novo in lending activities through Eton Life Insurance Company, Louisville, Kentucky (Not available) 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 Endine Date Application First Bank System, Inc. Minneapolis, MN To engage in mortgage banking activities through the acquisi tion of certain assets of Inter state Lending Corporation, Englewood, CO. The activity will be conducted in the State of Colorado. 10-25-88 Montana Bancsystem, Inc. Billings, MT To engage in ()(C) operating a general insurance agency in a place of less than 5,000 thru the acquisition of the insurance assets of the Insurance Center, Roundup, MT. The activity will be conducted in Roundup, MT. 10-15-88 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Endine Date D.S. Amundson & E.J. Amundson To acquire control of 28.86Z of the voting shares of Culbertson Ban Corp, Culbertson, MT Not yet available First Bank System, Inc. Minneapolis, MN To merge with Suburban Bancorporation, Inc., Eden Prarie, MN and thereby ac quire Suburban National Bank, Eden Prairie, MN.* 11-4-88 ^Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Application Comment Period Ending Date Winter-Park Bancshares, Inc. Winter, WI To acquire Gilman Corporation, Gilman, WI, which owns the State Bank of Gilman, Gilman, WI* 11-12-88 (Newspaper) Winter-Park Bancshares, Inc. Winter, WI To acquire Owen-Curtiss Financial Corporation, Oven, WI, which owns Owen-Curtiss State Bank, Oven, WI.* 11-12-88 (Newspaper) Michael Bancorporation, Inc. Minneapolis, MN To acquire the Summit National Bank St. Paul, MN* Not yet available Doroth E. Cornwall, James A. Wick, Kevin J. Wick, Mark D. Wick, Mary K. Wick, Patrick A. Wick and Paul D. Wick To acquire control of 76.02 of the common shares of Turtle Bancshares Incorporated, Turtle Lake, WI Not yet available Jacob Schmidt Company St. Paul, MN; and American Bancorporation, Inc. St. Paul, MN For American Bancorporation, Inc. to merge with Bamesville Invest ment Corporation, Barnesville, MN and thereby acquire 96.22 of First National Bank, Barnesville, MN* Not yet available ♦Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Jacob Schmidt Company St. Paul, MN; and American Bancorporation, Inc. St. Paul, MN To engage in general insurance agency activities in a place with a population not exceeding 5,000 thru the acquisition of First Agency of Bamesville, Bamesville, MN. The activity will be conducted in Bamesville, MN Not yet available Norwest Corporation Minneapolis, MN To engage in general insurance agency activities through the acquisition of assets of Hopkins Insurance Agency, Des Moines, IA. The activity will be conducted in Des Moines, IA. Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Turtle Bancshares, Incorporated Turtle Lake, WI To redeem 61.011 of its voting common shares. Federal Reserve Bank of 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 J o h n C. B u m g a r n e r , Jr., Tulsa, O k l a h o m a , for p r i o r approval to i n c r e a s e hi s p r o p o r t i o n a t e o w n e r s h i p of W e s t e r n National B a n c o r p o r a t i o n , Inc., Tulsa, O k l a h o m a , by 1 4 . 0 5 p e r cent to 2 3 .58 percent. No t A v a i l a b l e F i r s t B a n k H o l d i n g Company of Color a d o , L a k e w o o d , Colorado, for prior a p p r o v a l to a c q u i r e 100 p e r c e n t of the v o t i n g shares of F i r s t B a n k of W e s t Vail, Vail, Colorado.* Not A v a i l a b l e A N B B a n k c o r p , Inc., Bristow, O k l a h o m a , for p r i o r approval to a c q u i r e 1 0 0 p e r c e n t of the v o t i n g s h a r e s of C i t i z e n s Bank, N.A., Sapulpa, O k l a h o m a . * Not A v a i l a b l e State N a t i o n a l B a n cshares, I n c . , H e a v e n e r , O k l a h o m a , for prior a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 80 p e r c e n t of the v o t i n g shares of St a t e N a t i o n a l B a n k of Heavener, Heavener, Oklahoma.* Not A v a i l a b l e S e q u o y a h C o u n t y Bankshares, Inc., S a l l isaw, O k l a h o m a , for prior a p p r o v a l to b e c o m e a bank hol d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 80 p e r c e n t of the v o t i n g shares of N a t i o n a l B a n k of Sallisaw, Sallisaw, O k l a h o m a . * Not A v a i l a b l e BON, Inc., M o u n d r i d g e , Kansas, for p r i o r a p p r o v a l to a c q uire 92.5 p e r c e n t of the v o t i n g shares of The F a r m e r s S t a t e B a n k and Trust C o mpany, Canton, Kan s a s . * Not Available DATE Federal Reserve Bank of Kansas City C M J R I n v e stments, Inc., Lyndon, Kan s a s , for prior a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 80 p e r c e n t of the v o t i n g s h a r e s of L y n d o n S t a t e Bank, Lyndon, K a n s a s . * Not Available U n i t e d C o m m u n i t y Corpo r a t i o n , O k l a h o m a City, Oklahoma, for prior a p p r o v a l to a c q u i r e 98 p e r c e n t of t h e v o t i n g s hares of B a n c First, O k l a h o m a City, Oklah o m a , a de novo bank.* Not Available SECTION III - APPLICATIONS SUBJECT TO, FEDERAL REGISTER NOTICE ONLY APPLICATION C O MMENT P E R I O D E N D I N G DATE Kansas National Bancorporation, Inc., G o o dland, Kansas, for prior a p p r o v a l to e n q a q e de n o v o in providing management consulting s e r v i c e s to d e p o s i t o r y i n s t i t u t i o n s a n d to e n q a q e de no v o in p r o v i d i n q to o t h e r s f i n a n c i a l l y r e l a t e d data p r o c e s s i n g and data t r a n s m i s s i o n services, fac i l i t i e s , an d data bases, or a c c e s s to them. Not Available U n i t e d B a n k s of Colorado, Inc., Denver, Colorado, for p r ior a p p r o v a l to i n d i r e c t l y e ngage de n o v o in any i n s u r a n c e a c t i v i t y e n g a g e d in by a ba n k h o l d i n g c o m p a n y or a s u b s i d i a r y that w a s a p p r o v e d by the B o a r d p r i o r to J a n u a r y 1, 1987, an d to i n d i r e c t l y e n q a q e de novo in p r o v i d i n q to o t h e r s f i n a n c i a l l y r e l a t e d data p r o c e s s i n g and data t r a n s m i s s i o n servi c e s , fac i l i t i e s , an d d ata bases, or a c c e s s to t h e m t h r o u g h U n i t e d B a n k I n s u r a n c e Services, Inc., Denver, Colorado, w h o has e n t e r e d into a p a r t n e r s h i p joint venture agreement with Thompson & C o m p a n y I n s u r a n c e S ervices, Inc., P a s a d e n a , California. Not Available Federal Reserve Bank of Kansas City SECTION IV - APPLICATIONS HOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION First B a n c s h a r e s of Hoxie, Inc., Hoxie, K a n sas, for prior approval to r e d e e m 1 0 , 4 5 0 s h a r e s of its own v o t i n g c o m m o n stock. ♦ A p p l i c a t i o n is s u b j e c t to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 17, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP *Section 18(c) application received from Texas Capital Bank-Fort Bend, Richmond, TX to merge with Texas Capital Bank, N.A., Houston, TX and to establish a branch at 7909 Parkwood Circle Dr., Houston, TX. 88/11/03 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Moody Bank Holding Company, Inc., Reno, NV to acquire Bank of Galveston, N.A., Galveston, TX and The Moody National Bank of Galveston, Galveston, TX 88/11/07 Change in Control Notice by Sam K. Kendrick Testamentary Trust, Dallas, TX to acquire an interst in Pedernales Investment Corporation, Johnson City, TX N/A Change in Control Notice by Herbert S. Kendrick, Jr., Brownfield, TX; Kirby McDaniel Kendrick Children's Irrevocable Trust, Dallas, TX; and Sam K. Kendrick Testamentary Trust, Dallas, TX to acquire an interest in Bandera Bancshares, Inc., Bandera, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP 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 FRANCISCO Week ending 10/21/88 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 Vineyard National Bancorp, Rancho Cucamonga, California, to acquire 100 percent of Vineyard National Bank, Rancho Cucamonga,, California. * Newspaper: 11/07/88 Fed. Rea.: 11/10/88 Richard W. Arendsee, Rancho Sante Fe, California, together with The Kawa Trust and Wak Enterprises, to increase ownership from a combined total of 22.15 percent to 35.41 percent of Southwest Bancorp, Vista, California, which owns Southwest Bank, Vista, California. Newspaper: 11/05/88 Fed. Rea.: 11/09/88 Anthony R. DiGiovanni, San Clemente, California, to retain 22.2 percent of Mariners Bancorp, San Clemente, California. Newspaper: 11/14/88 Fed. Reo.: Not available Section III - Applications Subject to Federal Register Notice Only Security Pacific Corporation, Los Angeles, California, to acquire Burns Fry Hoare Govett, Inc., New York, New York, and engage in brokerage, advisor and private placement activities. Fed. Rea.: Tokai Bank Limited, Tokyo, Japan, to acquire Master Lease Corporation, Bala Cynwyd, Pennsylvania. Fed. Rea.: Not available 11/21/88 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER