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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 6 Trust
c
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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102