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ANNOUNCEMENT B O A R D OF G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM H.2, 1990, No. 43 A c t i o n s of the Board, its Staff, and t h e F e deral R e s e r v e Banks; A p p l i c a t i o n s and R e 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 27, 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ADVISORY COUNCILS Consumer Advisory Council. Announced, October 25, 1990. ENFORCEMENT First Bank and Trust Company, Dawson, Texas — orders of assessment of civil money penalty against C. M. Newton, Jr., and C. M. Newton, III, officers and directors. Authorized, October 24, 1990. INTERNATIONAL OPERATIONS Bankers Trust New York Corporation, New York, New York — to make an additional investment in BT Yuen Foong Securities Ltd., Taipei, Taiwan. Permitted, October 26, 1990. ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Chicago Farmers State Bank of Breckenridge, Breckenridge, Michigan — to establish a branch at 1231 East Washington Road, Ithaca, Michigan. Approved, October 26, 1990. Dallas State Bank and Trust Company, San Marcos, Texas — to establish a branch at the San Marcos Factory Shops, Centerpoint Road, and IH 35. Approved, October 26, 1990. sank holding companies Kansas City Alpine Banks of Colorado, Glenwood Springs, Colorado — to acquire Alpine Bank, Clifton, Clifton, Colorado. Approved, October 23, 1990. H.2 OCTOBER 22, PAGE 2 1990 TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Automotive Financial Services, Inc., Kenner, Louisiana — to acquire Merchants Bank, and to continue its consumer lending and deposit taking activities. Returned, October 24, 1990. Secretary Boyle Bancorp, Inc., Danville, Kentucky — to acquire Citizens Bank and Trust Company, Burgin, Kentucky. Approved, October 26, 1990. Chicago Caisse Nationale de Credit Agricole S.A., Paris, France — to acquire Index Futures Group, Inc., Chicago, Illinois, and engage in futures commission merchant and investment advisory activities. Approved, October 26, 1990. Secretary C&S / Sovran Corporation (formerly Avantor Financial Corporation), Atlanta, Georgia, Bank South Corporation; Barnett Banks, Inc., Jacksonville, Florida, The Citizens and Southern Corporation, Atlanta, Georgia; First Florida Banks, Inc., Tampa, Florida, Southeast Banking Corporation, Miami, Florida, SunTrust Banks, Inc., Atlanta, Georgia, Synovus Financial Corporation, Columbus, Georgia, TB&C Bancshares, Inc., Columbus, Georgia, BB&T Financial Corporation, Wilson, North Carolina, First Union Corporation, Charlotte, North Carolina, First Wachovia Corporation, Winston-Salem, North Carolina, NCNB Corporation, Charlotte, North Carolina, South Carolina National Corporation, Columbia, South Carolina, Southern National Corporation, Lumberton, North Carolina, and Sovran Financial Corporation, Norfolk, Virginia — to acquire Southeast Switch, Inc., Maitland, Florida, and provide data processing and transmission services, and bank management consulting advice. Approved, October 22, 1990. Atlanta C&S Sovran Corporation, Norfolk, Virginia — to engage de novo in investment advisory and brokerage services through Sovran Investment Corp., Richmond, Virginia. Returned, October 24, 1990. H.2 OCTOBER 22, 1990 PAGE 3 TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago First Chicago Corporation, Chicago, Illinois — reguest that Richard M. Morrow serve as a director of Westinghouse Electric Corporation while serving as a director of First Chicago. Granted, October 23, 1990. Chicago First Farmers Financial Corporation, Converse, Indiana — to acquire Union State Bank, Windfall, Indiana. Approved, October 24, 1990. Chicago First Financial Corporation, Terre Haute, Indiana — to acquire First Citizens of Paris, Inc., Paris, Illinois, and The Citizens National Bank of Paris. Approved, October 25, 1990. Chicago First National Bancorp, Inc., Joliet, Illinois — acquire Bank of Lockport, Lockport, Illinois. Approved, October 26, 1990. New York Fuji Bank Limited, Tokyo, Japan — to engage de novo in investment advisory and economic forecasting activities through Fuji Securities Inc., Chicago, Illinois. Permitted, October 22, 1990. Kansas City GSB Holding, Inc., Mangum, Oklahoma — Guarantee State Bancshares, Inc. Approved, October 26, 1990. Dallas High Plains Bancshares, Inc., Muleshoe, Texas -- to acquire Muleshoe State Bank. Approved, October 24, 1990. Chicago Marshall & Ilsley Corporation, Milwaukee, Wisconsin — to acquire Rosendale Bancshares, Inc., Rosendale, Wisconsin, and Rosendale State Bank. Approved, October 24, 1990. Minneapolis Norwest Corporation, Minneapolis, Minnesota — to engage in general insurance agency activities through Gilco Leasing, Inc., Omaha, Nebraska. Approved, October 25, 1990. to to acquire H .2 OCTOBER 22, 1990 PAGE 4 TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Rock Rivers Bancorp, Rock Rapids, Iowa — Rock Rapids State Bank. Approved, October 25, 1990. to acquire Chicago Royal American Corporation, Inverness, Illinois — acquire Royal American Bank. Returned, October 25, 1990. Secretary Security Pacific Corporation, Los Angeles, California, and Security Pacific Clearing & Services Corp., New York, New York — to enter into a clearing, custody and financing agreement with Boston Safe Deposit and Trust Company, Boston, Massachusetts, and to assume lease obligations of and acquire leasehold improvements from the Boston Safe Clearing Corp., New York, New York. Approved, October 23, 1990. Richmond Signet Banking Corporation, Richmond, Virginia — request that Hays T. Watkins serve as a director of Westinghouse Electric Corporation tfhile serving as a director of Signet. Permitted, October 23, 1990. Staff Director BS&R SunTrust Banks, Inc., Atlanta, Georgia, and Trust Company of Georgia — proposal that Trust Company Bank purchase the assets and assume the liabilities of SunTrust / Atlanta Interim Savings Bank, which was formed to acquire certain assets and assume deposit liabilities of the Fulton, DeKalb, and Douglas County, Georgia branches (13 branches) of Anchor Savings Bank F.S.B., Hewlett, New York. Approved, October 22, 1990. Staff Director BS&R SunTrust Banks, Inc., Atlanta, Georgia, and Trust Company of Georgia — proposal that Trust Company Bank of Gwinett County, Lawrenceville, Georgia, purchase the assets and assume the liabilities of SunTrust / Gwinett Interim Savings Bank, which was formed to acquire certain assets and assume deposit liabilities of the Gwinett County, Georgia branch of Anchor Savings Bank F.S.B., Hewlett, New York. Approved, October 22, 1990. to H. 2 OCTOBER 22, 1990 PAGE 5 TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Staff Director BS&R SunTrust Banks, Inc., Atlanta, Georgia, and Trust Company of Georgia, proposal that Trust Company Bank of Savannah, N.A., Savannah, Georgia, purchase the assets and assume the liabilities of SunTrust / Savannah Interim Savings Bank, Savannah, Georgia, which was formed to acquire certain assets and assume deposit liabilities of the Chatham County, Georgia branch of Anchor Savings Bank F.S.B., Hewlett, New York. Approved, October 22, 1990. Staff Director BS&R SunTrust Banks, Inc., Atlanta, Georgia, and Trust Company of Georgia, Atlanta, Georgia — proposal that Trust Company Bank of Cobb County, N.A., Atlanta, Georgia, purchase the assets and assume the liabilities of SunTrust / Cobb Interim Savings Bank, Atlanta, Georgia, which was formed to acquire certain assets and assume deposit liabilities of the three Cobb County, Georgia branches of Anchor Savings Bank F.S.B., Hewlett, New York. Approved, October 22, 1990. Secretary SunTrust Banks, Inc., Atlanta, Georgia, and Trust Company of Georgia — to acquire SunTrust / Atlanta Interim Savings Bank, Atlanta; Sun / Trust Cobb Interim Savings Bank; SunTrust / Gwinett Interim Savings Bank, Lawrenceville; and SunTrust / Savannah Interim Savings Bank, Savannah, Georgia. Approved, October 22, 1990. Chicago TNB Bancorp, Inc., Tuscola, Illinois — Tuscola National Bank. Approved, October 26, 1990. Chicago Tri - County Bancorp, Roachdale, Indiana; The North Salem State Bancorporation, North Salem; Bright Financial Services, Inc., Flora; and Cloverdale Bank Corporation, Cloverdale, Indiana — to engage de novo in credit related insurance through Independent Bankers Life Insurance Company of Indiana, Roachdale, Indiana. Permitted, October 23, 1990. to acquire H .2 OCTOBER 22, 1990 PAGE 6 TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Secretary Trust Company Bank, Atlanta, Georgia — to acquire SunTrust / Atlanta Interim Savings Bank. Approved, October 22, 1990. BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS San Francisco Williamette Savings and Loan Association, Portland, Oregon — registration statement. Withdrawn, October 25, 1990. BANKS, STATE MEMBER Staff Director BS&R Northim Bank, Anchorage, Alaska — request to accelerate effective date of registration statement of common stock. Granted, October 24, 1990. CAPITAL STOCK Kansas City Albion National Management Co., Inc., Albion, Nebraska — redemption of shares. Approved, October 26, 1990. Chicago Community Illinois Corporation, Rock Falls, Illinois — to borrow to increase capital for Community State Bank of Rock Falls. Approved, October 24, 1990. Minneapolis Norlo, Inc., Prior Lake, Minnesota — shares. Approved, October 22, 1990. Minneapolis Randall Bancshares, Inc., Lake Andes, South Dakota — redemption of shares. Approved, October 26, 1990. redemption of CHANGE IN BANK CONTROL Dallas American Bank Holding Company, Inc., Corpus Christi, Texas — change in bank control. Permitted, October 26, 1990. Secretary American Independent Bancshares, Inc., Santa Fe, Texas — change in bank control. Permitted, October 26, 1990. H.2 OCTOBER 22, 1990 PAGE 7 TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Chicago Baraboo Bancorporation, Inc., Baraboo, Wisconsin — change in bank control. Permitted, October 23, 1990. Minneapolis Norlo, Inc., Prior Lake, Minnesota — control. Permitted, October 22, 1990. change in bank COMPETITIVE FACTORS REPORTS Atlanta Anchor Savings Bank, Hewlett, New York, proposed purchase of the branch of Home Federal Savings Bank, Atlanta, Georgia — report on competitive factors. Submitted, October 23, 1990. Atlanta Bank South, National Association, Atlanta, Georgia, proposed purchase and assumption of certain assets and liabilities of two of the Columbus, Georgia, branches of Georgia Federal Bank, FSB — report on competitive factors. Submitted, October 23, 1990. Atlanta Bank South, Houston County, National Association, Perry, Georgia, proposed purchase and assumption of certain assets and liabilities of the Warner Robins, Georgia, branch of Georgia Federal Bank, FSB — report on competitive factors. Submitted, October 23, 1990. Atlanta Blackshear Bank, Blackshear, Georgia, proposed merger with Blackshear Acquisition, Inc. — report on competit ive factors. Submitted, October 22, 1990. San Francisco Citizens National Bank, Hanford, California, proposed merger with MK Interim Bank, N.A., Visalia, California — report on competitive factors. Submitted, October 24, 1990. H.2 OCTOBER 22, 1990 PAGE 8 TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Dominion Bank* National Association, Roanoke, Virginia, proposed merger with Dominion Bank of Richmond, National Association, Richmond, Virginia — report on competitive factors. Submitted, October 26, 1990. Kansas City First Bank & Trust National Association, Concordia, Kansas, proposed acquisition of the assets and assumption of the liabilities of the Concordia Branch of Commercial National Bank of Kansas City, Kansas City, Kansas — report on competitive factors. Submitted, October 25, 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 22, 1990. Minneapolis First Federal Savings Bank of Montana, Kalispell, Montana, proposed merger with Interim Federal Savings Association — report on competitive factors. Submitted, October 26, 1990. Kansas City First National Bank and Trust, Salina, Kansas, proposed merger with The Farmers National Bank of Victoria, Hays, Kansas — report on competitive factors. Submitted, October 22, 1990. Chicago First National Bank of Beardstown, Beardstown, Illinois, proposed merger with Beardstown National Bank — report on competitive factors. Submitted, October 24, 1990. S t . Louis First National Bank of Callaway County, Fulton, Missouri, proposed merger with Callaway County Acquisition Bank, N.A., Fulton, Missouri — report on competitive factors. Submitted, October 22, 1990. H .2 OCTOBER 22, 1990 PAGE 9 TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City First National Bank of Glasco, Glasco, Kansas, proposed merger with First Bank & Trust of Concordia, Concordia, Kansas — report on competitive factors. Submitted, October 25, 1990. Chicago First of America Bank - Holland, N.A., Holland, Michigan, proposed purchase of certain assets and assumption of the liabilities of four Grand Rapids, Michigan, branches of First of America Bank Michigan, National Association, Kalamazoo, Michigan — report on competitive factors. Submitted, October 22, 1990. Chicago Midland Savings Bank FSB, Des Moines, Iowa, proposed purchase of certain assets and assumption of certain liabilities of Associated Federal Savings and Loan Association, Cedar Rapids, Iowa — report on competitive factors. Submitted, October 24, 1990. Kansas City Smith County State Bank and Trust Company, Smith Center, Kansas, proposed merger with The First National Bank of Lebanon, Lebanon, Kansas — report on competitive factors. Submitted, October 25, 1990. Atlanta South Florida Bank, Fort Myers, Florida, proposed merger with South Florida Successor Bank — report on competitive factors. Submitted, October 22, 1990. Atlanta SouthTrust Bank of West Volusia County, DeLand, Georgia, proposed merger with SouthTrust Bank of Volusia County, South Daytona, Florida — report on competitive factors. Submitted, October 22, 1990. Atlanta Union Security Bank & Trust Company, Gonzales, Louisiana, proposed merger with the First National Bank in Donaldsonville, Donaldsonville, Louisiana — report on competitive factors. Submitted, October 23, 1990. H .2 OCTOBER 22, 1990 PAGE 10 TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Wells Fargo Bank, N.A., San Francisco, California, proposed purchase of certain assets and assumption of certain liabilities of Great American Bank, A Federal Savings Bank, San Diego, California — report on competitive factors. Submitted, October 24, 1990. San Francisco West One Bank, Tacoma, Washington, proposed merger with Bank of Tacoma, Tacoma, Washington — report on competitive factors. Submitted, October 25, 1990. EXTENSIONS OF TIME St. Louis Central Banc System, Inc., Fairview Heights, Illinois — extension to December 27, 1990, to redeem shares. Granted, October 23, 1990. Philadelphia Commerce Bancorp, Inc., Cherry Hill, New Jersey — extension to February 12, 1991, to acquire Commerce Bank / Harrisburg, Camp Hill, Pennsylvania. Granted, October 25, 1990. Chicago First Midwest Corporation of Delaware, Elmwood Park, Illinois — extension to December 31, 1990, to activate the charter of Midwest Bank and Trust Company of DuPage County, East St. Louis, Illinois, and relocate the bank to Hinsdale, Illinois. Granted, October 22, 1990. Chicago Liberty State Bank & Trust, Hamtramck, Michigan — extension to January 9, 1991, to establish a branch at the northwest corner of 12 Mile and Halstead Roads, Farmington Hills, Michigan, and to invest in bank premises. Granted, October 22, 1990. Chicago Mid Town Bancorp, Inc., Chicago, Illinois — extension to February 5, 1991, to engage de novo in lending activities through Mid Town Mortgage Corp. Granted, October 24, 1990. H.2 OCTOBER 22, 1990 PAGE 11 TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco Security Pacific Corporation, Los Angeles, California — extension to divest certain property. Granted, October 22, 1990. San Francisco Security Pacific Corporation, Los Angeles, California — extensions to divest certain properties. Granted, October 24, 1990. San Francisco Wells Fargo & Company, San Francisco, California — extension to divest certain properties. Granted, October 22, 1990. Kansas City Alpine Bank, Clifton, Clifton, Colorado — a member of the Federal Reserve System. Approved, October 23, 1990. San Francisco Northim Bank, Anchorage, Alaska — of the Federal Reserve System. Approved, October 23, 1990. Kansas City OMNIBANK 11iff, Aurora, Colorado — to become a member of the Federal Reserve System. Approved, October 26, 1990. Chicago Royal American Bank, Inverness, Illinois — a member of the Federal Reserve System. Returned, October 25, 1990. MEMBERSHIP to become to become a member to become SECURITIES REGULATION Staff Director BS&R Over-the-counter stocks — revised list of OTC stocks and a list of foreign margin stocks effective November 13, 1990. Published, October 26, 1990. H.2 OCTOBER 22, 1990 PAGE 12 ADDITIONS AND CORRECTIONS TO OCTOBER 26, 1990 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES U.S. Bancorp, Portland, Oregon — to acquire U.S. Bank, National Association, Beaverton, Oregon, and U.S. Bancorp Financial Services, Inc. Approved, October 17, 1990. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS S t . Louis Citizens State Bank of proposed merger with Shipman — report on Submitted, October 19, Shipman, Shipman, Illinois, Citizens Interim Bank of competitive factors. 1990. EXTENSIONS OF TIME 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, Illinois, and relocate bank to Hinsdale, Illinois. Withdrawn, October 18, 1990. Chicago Liberty State Bank 8t Trust, Hamtramck, Michigan — extension to January 9, 1991, to establish a branch at the northwest corner of 12 Mile Road and Halsted Road, Farmington Hills, Michigan, and to invest in bank premises. Withdrawn, October 19, 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 Baric of New York Comment Period Tending Date SECTION I Applications Subject to Newspaper ____________Notice Only_________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice Financial Holdings El-Yam (Hamigdal) Ltd., Tel Aviv, Israel and El-Yam Ships Ltd., Haifa, Israel to become bank holding companies with respect to IDB Bankholding Corporation Limited, Tel Aviv, Israel and, indirectly, its bank subsidiary, Israel Discount Bank of New York, New York, New York; Israel Investment and Finance Corporation Limited, Israel Financial Holdings Limited, Gov Financial Holdings Limited and Naftali Financial Holdings Limited, all of Tel Aviv, Israel, to acquire Financial Holdings El-Yam (Hamigdal) Ltd.l/ 11/25/90 3/ SECTION III Nonbaridng Applications (Subject to Federal Register Notice Only) Osterreichische Landerbank Aktiengesellschaft, Vienna, Austria, to acquire shares of Roley, Nichols Capital Group, Inc., Los Angeles, California, and its subsi diaries, and thereby to engage in providing portfolio investment advice and certain limited shareholder servicing functions to several open-end investment companies. 11/8/90 Citicorp, New York, New York, to engage directly, or indirectly through its subsidiary, Citicorp Services, Inc., in acting as drawee for variably denominated payment instruments without limit as to face value when such payment instruments are sold or issued by nonaffiliated third parties. 11/13/90 Deutsche Bank AG, Frankfurt, Germany to establish a fee-sharing arrangement between its subsidiary, C. J. Lawrence, Morgan Grenfell Inc., and Gleacher & Co. Inc., and thereby to provide merger and acquisition and corporate advice to U.S. and non-U.S. clients, including advice with respect to identifying, arranging, structuring, financing and negotiating various types of domestic and cross-border transactions, perform feasibility studies for U.S. and non-U.S. clients, provide valuation services, and render fairness opinions. 11/13/90 Valley National Bancorp, Wayne, New Jersey to acquire Mayflower Financial Corporation and its subsidiary, Mayflower Savings Bank, SIA, both of Livingston, New Jersey. 11/13/90 Creditanstalt-Bankverein, Vienna, Austria to engage through its subsidiary, Creditanstalt International Advisers, Inc., New York, New York, in acting as agent or riskless principal in the private placement of all types of securities, including providing related advisory services. 11/15/90 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. FED ERA L R E S E R V E BANK OF P H IL A D E L P H IA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Harlevsville National Corporation, Harleysville, PA to acquire 100% of Citizens National Bank of Lansford, Lansford, PA, pursuant to Section 3(a)(3) of the Bank Holding Company Act. Newspaper: Federal Register: 11/15/90 11/13/90 Keystone Financial, Inc., Harrisburg, PA to acquire at least 20% of the Ambassador Bank of the Commonwealth (in Organization), Allentown, PA, pursuant to Section 3(a)(3) of the Bank Holding Company Act. Newspaper: Federal Register: 11/23/90 N/A 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 e s e r v e B a n k of C l e v e l a n d Applications Bulletin For W e e k E n d i n g O c t o b e r 27, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION C O M M E N T P E R I O D ENDING 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 T h e F i f t h T h i r d Bank, Cincinnati, Ohio, for p e r m i s s i o n to e s t a b l i s h 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 S e c t i o n 3(a)(3) a p p l i c a t i o n on O c t o b e r 12, 1990 from Banc O n e W i s c o n s i n Corporation, Milwaukee, Wisconsin, to a c q u i r e M a r i n e B a n k Chicago, Chicago, Illinois. * N o t Yet K n o w n # SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE * # N F - S u b j e c t to CR A E x p e c t e d to end a p p r o x i m a t e l y 30 d a y s from t h e d a t e of rece i p t N e w s p a p e r C o m m e n t Pe r i o d F ederal R e g i s t e r C o m m e n t Period Applications Bulletin For W e e k E n d i n g O c t o b e r 27, 1990 S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T TO F E D E R A L R E G I S T E R N O T I C E 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 T h e M e t r o D a y t o n Bank, Dayton, Ohio, for a p p r o v a l of m e m b e r s h i p in the Fede r a l R e s e r v e S y s t e m p u r s u a n t to S e c t i o n 9 of th e F e deral R e s e r v e A c t and S e c t i o n 208.4 of R e g u l a t i o n H. * # N F - S u b j e c t to C R A E x p e c t e d to end a p p r o x i m a t e l y 30 d a y s from t h e d a t e of r e c e i p t Newspaper Comment Period F e deral R e g i s t e r C o m m e n t P e r i o d Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Bank of Hampton Roads, Chesapeake, Virginia, to establish a branch at 712 Liberty Street, Chesapeake, Virginia.* 11-23-90 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Sterling Bancorp, Baltimore, Maryland, to become a bank holding company through the acquisition of 100% of the voting shares of Sterling Bank 6c Trust Co., Baltimore, Maryland.* Not yet available. Section III - Applications Subject to Federal Register Notice Comment Period Ending Date Application ComSouth Bankshares, Inc., Columbia, South Carolina, to engage in making and selling first mortgage loans. 11-8-90** NCNB Corporation, Charlotte, North Carolina, to engage in acting as underwriter and reinsurer for credit life and credit accident and health insurance sold in connection with extensions of credit by all NCNB affiliated banks through its subsidiaries, NCNB Life Insurance Company, Dallas, Texas, and NCNB Texas Life Insurance Company, Dallas, Texas. Not Yet Available Greenwood National Bancorporation, Greenwood, South Carolina, to engage de novo in providing management consulting services to client banks. Not Yet Available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. F ederal R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g O c t o b e r 26. 1990 S e c t i o n I - A p p l i c a t i o n S u b j e c t to N e w s p a p e r N o t i c e O n l y Application Trust Company Bank Atlanta, G e o r g i a To m e r g e w i t h T r u s t C o m p a n y B a n k of C a r r o l l County, Bowdon, Georgia; T r u s t C o m p a n y B a n k of C l a y t o n County, Jonesboro, Georgia, T r u s t C o m p a n y B a n k of C o b b County, N . A . , Atlanta, Georgia; T r u s t C o m p a n y B ank of Gwinnett, Lawrenceville, Georgia; T r u s t C o m p a n y B a n k of H e n r y County, N . A . , McDonough, Georgia; and T r u s t C o m p a n y B a n k of Rockdale, Conyers, Georgia, p u r s u a n t to s e c t i o n 18(c) of the F e deral D e p o s i t I n s u r a n c e Act. S e c t i o n II - A p p l i c a t i o n s S u b j e c t To Both N e w s p a p e r and Federal R e g i s t e r N o t i c e Application C o m m e n t P e r i o d E n d i n g Date Ce n t r a l B a n c s h a r e s of the South, Inc. Birmingham, A l a b a m a To i n d i r e c t l y a c q u i r e R i v e r Oak s Bancshares, Inc., Houston, Texas, and its b a n k i n g subsidiary, R i v e r Oaks Bank, Houston, Texas, t h r o u g h Co m p a s s Bancshares, Inc., Houston, Texas, a w h o l l y - o w n e d s u b s i d i a r y of Central B a n c s h a r e s of the South, Inc. p u r s u a n t to s e c t i o n 3(a)(3) of t h e B a n k H o l d i n g C o m p a n y Act. Central B a n c s h a r e s of t h e S o u t h also p r o p o s e s to m e r g e R i v e r O a k s B a n c s h a r e s w i t h and into C o m p a s s Bancshares, Inc. p u r s u a n t to s e c t i o n 3 ( a ) (5) of the B a n k H o l d i n g C o m p a n y Act. C e ntral B a n c s h a r e s of the South, Inc. Birmingham, A l a b a m a A l o n g w i t h its w h o l l y - o w n e d subsidiary, C o m p a s s Bancshares, I n c . , Houston, Texas, to a c q u i r e Pla z a N a t i o n a l Bank, Dallas, Texas. 11-05-90 Federal Register 11-08-90 Fa r m e r s N a t i o n a l Bancshares, Inc. Opelika, A l a b a m a Newspaper Chan g e in c o n t r o l by Farmers N ational B ank of O p e l i k a E m p l o y e e S t o c k O w n e r s h i p Plan, Opelika, A l a b a m a (William W a r n e r Williams, S r . ; K a t h r y n A n n Mitchell; J i m m y Alan LaFoy; and W a n d a S t r e e t m a n McCaghren, t r u s t e e s ) , to a c q u i r e 1 0 . 1 p e r c e n t of the o u t s t a n d i n g shares of c o m m o n stock. Fir s t B a n c s h a r e s o f Stevenson, Inc. Stevenson, A l a b a m a 1-BHC formation, The Fi r s t N ational B a n k of Stevenson, Stevenson, Alabama. S e c t i o n II - A p p l i c a t i o n s S u b j e c t To Both N e w s p a p e r and Federal R e g i s t e r N o t i c e Application C o m m e n t P e r i o d E n d i n g Date Sou t h F l o r i d a Bank H o l d i n g C o r p o r a t i o n Fort M y e r s , Florida 1-BHC formation, South F l orida Bank, Fort Myers, Florida. 11-08-90 Federal Register S e c t i o n IV - A p p l i c a t i o n s N o t S u b j e c t To Federal R e g i s t e r N o tice or N e w s p a p e r N o t i c e Application SouthTrust Corporation Birmingham, A l a b a m a C o m m i t m e n t w a i v e r request. Federal Reserve Bank of Chicago Type Section I - Applications Subject to Newspaper Notice Only Comment Period Application Ending Date Branch The Farmers State Bank of Waupaca Waupaca, Wisconsin 717 Churchill Waupaca, Wisconsin* N - ** Merger/ Branch Isabella Bank and Trust Mt. Pleasant, Michigan Beal City Branch of First of America Bank - Mt. Pleasant Mt. Pleasant, Michigan* N - ** Merger/ Branch American Trust & Savings Bank Dubuque, Iowa Dyersville Branch of Midland Savings Bank, FSB Des Moines, Iowa* N Branch Comerica Bank - Detroit Detroit, Michigan 3551 Hamlin Road Auburn Hills, Michigan* N - ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-l FSB Bancorp, Inc. Pound, Wisconsin Farmers State Bank Pound, Wisconsin* FR - 10-16-90 N - 11-9-90 CoC-HC Citizens Banking Corporation Flint, Michigan Centra, Inc. Warren, Michigan FR - ** N - 10-31-90 Y-2 Valley Bancorporation Appleton, Wisconsin Exchange-State Bank of La Crosse La Crosse, Wisconsin* FR - 11-6-90 N - 10-27-90 Y-2 First Michigan Bank Corporation Holland, Michigan Maynard-Alien State Bank Portland, Michigan* FR - ** N - 11-14-90 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Comment Period Ending Date IZPJg Application Y-4 Comerica Incorporated Detroit, Michigan Comerica Acceptance Corporation Detroit, Michigan Y-4 Alpha Financial Group, Inc. Minonk, Illinois Alpha Insurance Services, Inc. Toluca, Illinois FR - ** Y-4 First Michigan Bank Corporation Holland, Michigan FMB-Trust and Financial Services, National Association Holland, Michigan FR - ** N - ** FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Iroquois Bancorp, Inc. Gilman, Illinois To redeem 5,100 shares of common stock N FR * ** — — Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time 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 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 - 11-5-90 CoC-HC Schooler Bancshares, Inc. Des Moines, Iowa Larry Rolfstad, Marion Coons, Dwight Vredenburg FR - ** N - 11-10-90 CoC-HC Iroquois Bancorp, Inc. Gilman, Illinois James M. Forrest FR - ** N - ** Y-2 KSAD, Inc. Council Bluffs, Iowa 304 Corporation Omaha, Nebraska Mid City Bank, Inc. Omaha, Nebraska* FR - ** N - ** Y-l Southwestern Wisconsin Bancshares, Inc Highland, Wisconsin Highland State Bank Highland, Wisconsin* FR - ** N - ** CoC-HC Schroeder-Goodenow Management Co. Atlantic, Iowa J. C. Van Ginkel; James Van Ginkel; Charles Wendt; Gary D. Hested, and Mid-America Banks, Inc., Exira, Iowa FR - ** N - ** Y-l Mid-America National Bancorp, Inc. Chicago, Illinois Security Chicago Corp. Chicago, Illinois First Security Bank of Chicago Chicago, Illinois First State Bancorp of Princeton Princeton, 111inois First State Bank of Princeton Pr inceton, 111inois First Bank and Trust Company Gridley, Illinois Mid-America National Bank of Chicago Chicago, Illinois* FR - ** N - ** Federal Reserve Bank of St. Louis October 26, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period Change in control notification involving Farmers Deposit Bancorp, Eminence, Kentucky, by Claude A. Berry, Jr. and Claude A. Berry, III (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE None SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Stock redemption notification by Farmers Deposit Bancorp, Eminence Kentucky FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment P e r io d E n d in g D a te Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Hayward Bancshares, Inc. Hayward, WI To acquire The Peoples Bancshares of Hayward, Inc., Hayward, W I , a one-bank holding company owning The Peoples National Bank, Hayward, Comment Period Ending Date Not yet available WI* Corporate Advisors, L.P., Corporate Partners, L.P., Corporate Offshore Partners, L.P., the State Board of Administration of Florida, Lazard Freres & C o ., 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 11-7-90 (Federal Register) Chandler Bancshares, Inc. Chandler, MN To acquire State Bank of Chandler, Chandler, MN* 11-14-90 (Newspaper) CBT Corporation, Inc. Big Timber, MT To acquire Citizens Bank & Trust Co., Big Timber, MT* 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 Jacob Schmidt Company & American Bancorporation, Inc. St. Paul, MN To acquire Farmers State Bank of Rothsay, Rothsay, MN* 11-30-90 (Newspaper) Keith C. Miller To acquire control of 10.62% of Commercial Banshares, Inc., Mitchell, SD 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 Norwest Corporation Minneapolis, MN To engage in making and servicing loans through the acquisition of Spectrum Properties, Inc., Denver, Not yet available CO. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank o f Kansas City S E C T I O N I ~ A P P L I C A T I O N S SUBJECT TO N E W S P A P E R N O T I C E O N L Y APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - A P P L I C A T I O N S SUBJECT TO BOTH N E W S P A P E R A N D FEDERAL R E G I S T E R N O T I C E APPLICATION COMMENT PERIOD ENDING DATE Leo V a n Dittie Revoc a b l e Trust, Burlington, Colorado, for prior app r o v a l to acquire 100 percent of the v o t i n g shares of B urlington Bancshares, Inc., Burlington, Colorado. Not A v a i l a b l e S e c u r i t y Exchange Bancorp, Inc., Duncan, Oklahoma, for prior approval to ac q u i r e additional shares and t hereby hold 9.14 percent of the v o t i n g shares of Charter Bancshares, Inc., p a rent of Charter National Bank, both of O klahoma City, O k l a h o m a .* Not A v a i l a b l e S e c u r i t y Corporation, Duncan, Oklahoma, for prior approval to a c q u i r e through merger 100 percent of the voting shares of Security E x c h a n g e Bancorp, Inc., Duncan, Oklahoma, and thereby indirectly acquire: 37.24 percent of Exchange Finan c i a l Corporation, parent of E x c h a n g e N ational Bank, all of Ardmore, Oklahoma; 87.88 percent of A m e r i c a n N ational Bank of Duncan, Duncan, Oklahoma; and 9.14 percent of C h arter Bancshares, Inc., Oklahoma City, Okla h o m a . * Not A v a i l a b l e S e c u r i t y Corporation, Duncan, Oklahoma, for prior approval to a c q u i r e an a d d i t i o n a l 62.76 percent of the voting shares of Exchange F i n a n c i a l Corporation, Ardmore, Oklahoma, t h rough the merger of I n t e r i m Corp., Duncan, Oklahoma, with and into E x c h a n g e Financial C o rporation, Ardmore, Oklahoma.* Not Av a i l a b l e Federal Reserve Bank o f Kansas City Dr. F r e n c h E. Hickman, O k l a h o m a City, for prior a pproval to increase his p r o p o r t i o n a t e o w n e r s h i p interest in N i c h o l s Hills Bancorporation, Inc., O k l a h o m a City, Oklahoma, to 13.65 percent. Not A v a i l a b l e G e n e v a State Company, Geneva, Nebraska, for prior a pproval to b e c o m e a bank holding c ompany through the a c q u i s i t i o n of 90.4 percent of the v o ting shares of G e neva State Bank, Geneva, N ebraska.* Not A v a i l a b l e S E C T I O N III - A P P L I C A T I O N S SUBJECT TO FE D E R A L R E G I S T E R N O T I C E O N L Y APPLICATION CO M M E N T P E R I O D E N D I N G D A T E None. S E C T I O N IV - A P P L I C A T I O N S NOT SUBJECT TO FE D E R A L R E G I S T E R N O T I C E OR N E W S P A P E R NOTICE APPLICATION None. *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 22, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NOTICE EXP APPLICATION None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE ** NOTICE EXP APPLICATION ♦Section 3(a)(3) application by Bancwest Bancorp, Inc., Austin, TX, to acquire The Bank of the West, Austin, TX 90/11/19 SECTION II I - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. 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 10/26/90 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 Interwest National Bancorp, Reno, Nevada, to become a bank holding company through the acquisition of Fallon National Bank of Nevada, Fallon, Nevada. * Lyle P. Campbell, Downers Grove, Illinois, to acquire 38.65 percent of Founders Bancorp, Inc., Scottsdale, Arizona. Fed. Reg.: 11/13/90 Newspaper: Not available Fed. Rea.: 11/16/90 Newspaper: Not available Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER