The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT BOARD O F GOVERNORS O F THE FEDERAL RESERVE SYSTEM H.2, 1989, No. 43 Actions of the Board, its Staff, and the Federal Reserve Banks? Applications and Reports Received During the Wfeek Ending October 28, 1989 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ADVISORY COUNCILS Consumer Advisory Council. Convened, October 26, 1989. 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; GC - General Counsel; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES, DOMESTIC Minneapolis Northwestern Bank, Chippewa Falls, Wisconsin — to establish a de novo branch in Thorp, Wisconsin. Approved, October 23, 1989. BANK HOLDING COMPANIES Kansas City Ace Gas I n c . , Deshler, Nebraska — to acquire Gibbon Exchange Company, Gibbon, Nebraska, and Exchange Bank of Gibbon, and engage in insurance agency activities. Approved, October 25, 1989. Chicago Amcore F i n a n c i a l , Inc., Rockford, Illinois — to engage de novo in trust activities through Amcore Trust C o m p a n y . Returned, October 24, 1989. Kansas City Blue Valley Ban Corp., Leawood, Kansas — to acquire Bank of Blue Valley, Overland Park, Kansas. Approved, October 26, 1989. Atlanta Citizens and Southern Corporation, Atlanta, Georgia — to acquire Ocean State Bank, Neptune Beach, Florida. Approved, October 23, 1989. H.2 OCTOBER 23, 1989 PAGE 2 TO OCTOBER 27, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Cleveland Fifth Third Bancorp, Cincinnati, Ohio — to acquire First Ohio Bancshares, Inc., Toledo, Ohio, and its nonbank subsidiaries. Approved, October 26, 1989. Atlanta 1st AmBanc, Inc., Destin, Florida — American Bank of Walton County. Approved, October 23, 1989. Secretary First Chicago Corporation, Chicago, Illinois — to acquire The Winnetka Bank, Winnetka, Illinois. Approved, October 24, 1989. Chicago First of America Bank Corporation, Kalamazoo, Michigan — to acquire The Security First Corporation, Peoria, Illinois, and Taylor, Bean & Whitaker Mortgage Corporation, Ocala, Florida. Approved, October 27, 1989. New York Fuji Bank, Tokyo, Japan — to engage de novo in data processing through Kleinwort Benson Government Securities Inc. Permitted, October 24, 1989. Philadelphia Fulton Financial Corporation, Lancaster, Pennsylvania — to engage in community d e v e l o p m e n t . Approved, October 27, 1989. Chicago Graymont Bancorp, Inc., Graymont, Illinois — to acquire State Bank of Graymont, Graymont, Illinois. Approved, October 26, 1989. S t . Louis Liberty National Bancorp, Inc., Louisville, Kentucky — to acquire Community Bank, Inc., Erlanger, Kentucky. Approved, October 27, 1989. Chicago Manning Financial Services, Inc., Manning, Iowa — acquire The First National Bank of Manning, Manning, Iowa. Returned, October 24, 1989. to acquire 1st to H.2 OCTOBER 23, 1989 PAGE 3 TO OCTOBER 27, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES - Richmond MNC Financial, Inc., Baltimore, Maryland — to acquire the Royal Credit Corporation, Spartanburg, South Carolina, and ABTS, Inc., Rock Hill, South Carolina. Approved, October 25, 1989. Minneapolis Norwest Corporation, Minneapolis, Minnesota — to acquire First Bellevue Bancshares, Co., Bellevue, Nebraska, and The First National Bank of Bellevue. Approved, October 27, 1989. Richmond PAER Bancorp, Inc., Bushkill, Pennsylvania — to acquire The Peoples National Bank of Rowlesburg, Rowlesburg, West Virginia. Withdrawn, October 23, 1989. Dallas Plains Corporation, Lubbock, Texas — to engage de novo in the activity of originating mortgage loans through Plains Financial Corporation. Permitted, October 23, 1989. Minneapolis Plainview Bankshares, Inc., Plainview, Minnesota — to acquire First National B a n k ; , and to engage in lending activities Approved, October 23, 1989. Chicago Premier Financial Group, Inc., Council Bluffs, Iowa — to acquire Manning Financial Services, Inc., Manning, Iowa, and The First National Bank of Manning. Returned, October 24, 1989. Richmond Riggs National Corporation, Washington, D. C. — to engage de novo nationwide in lending activities. Permitted, October 27, 1989. Kansas City Southern Bancorp, Inc., Tulsa, Oklahoma — Southern National Bank. Withdrawn, October 27, 1989. Dallas Spearman Bancshares, Inc., Spearman, Texas — to acquire First National Bank, Spearman, Texas. Approved, October 26, 1989. to acquire H.2 OCTOBER 23, 1989 PAGE 4 TO OCTOBER 27, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York United Bank Corporation of New York, Downsville, New York — to acquire First National Bank of Lisbon, Lisbon, New York. Approved, October 27, 1989. Atlanta WB&T Bancshares, Inc., Waycross, Georgia — acquire Waycross Bank & T r u s t . Approved, October 25, 1989. New York West Jersey Bancshares, Inc., Fairfield, New Jersey — to acquire West Jersey Community Bank. Approved, October 25, 1989. to BANK MERGERS Cleveland Heartland Bank, Croton, Ohio — to acquire the assets and assume the liabilities of Lyndon Guaranty Bank of Ohio, Columbus, Ohio. Approved, October 23, 1989. BANK PREMISES Chicago Henry County Bank, Green Rock, Illinois — in bank premises. Approved, October 26, 1989. investment New York Manufacturers Hanover Trust Company, New York, New York — investments in bank premises. Approved, October 23, 1989. CAPITAL STOCK Chicago Continental Mortgage Corporation, Maywood, Illinois — redemption of shares. Approved, October 26, 1989. Kansas City Gibbon Exchange Company, Gibbon, Nebraska — redemption of shares. Approved, October 25, 1989. H.2 OCTOBER 23, 1989 PAGE 5 TO OCTOBER 27, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Chicago First Alsip Bancorp, Inc., Alsip, Illinois — in bank c o n t r o l . Permitted, October 27, 1989. Kansas City First National Bancshares of Weatherford, Inc., Weatherford, Oklahoma — change in bank control. Permitted, October 27, 1989. Secretary FirstBank Holding Company of Colorado, Lakewood, Colorado -- change in bank c o n t r o l . Permitted, October 25, 1989. Kansas City Gibbon Exchange Company, Gibbon, Nebraska — in bank c o n t r o l . Permitted, October 23, 1989. Minneapolis Linton Bancshares, Inc., Bismarck, North Dakota — change in bank c o n t r o l . Permitted, October 25, 1989. San Francisco Orient Bancorporation, San Francisco, California — change in bank control. Permitted, October 23, 1989. S t . Louis River Valley Bancshares, Inc. Employee Stock Ownership Plan, Lewiston, Missouri — change in ban k c o n t r o l . Permitted, October 23, 1989. Dallas Unicorp Bancshares - Texas, Inc., Orange, Texas — change in bank c o n t r o l . Permitted, October 27, 1989. change change COMPETITIVE FACTORS REPORTS Chicago Buckley State Bank, Buckley, Illinois, proposed merger with BSB Bank — report on competitive factors. Submitted, October 25, 1989. S t . Louis Commerce Bank - Nixa, National Association, Nixa, Missouri, proposed merger with Commerce Bank of Springfield, National Association, Springfield, Missouri — report on competitive factors. Submitted, October 27, 1989. H .2 OCTOBER 23, 1989 PAGE 6 TO OCTOBER 27, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Cleveland Emlenton Interim National Bank, Emlenton, Pennsylvania, proposed merger with the Farmers National of Emlenton — report on competitive factors. Submitted, October 26, 1989. Minneapolis First American Bank & Trust of Minot, Minot, North Dakota, proposed merger with First American Bank & Trust of Carrington, Carrington; First American Bank of Minnewauken, Minnewauken; First American' Bank of Richardton, Richardton, North Dakota — report on competitive factors. Submitted, October 27, 1989. S t . Louis Haubstadt State Bank, Haubstadt, Indiana, proposed merger with Citizens Bank of Gibson County, N.A., Princeton, Indiana — report on competitive factors. Submitted, October 26, 1989. Dallas National Bank of Commerce, Edinburg, Texas, proposed merger with First National Bank in Edinburg — report on competitive factors. Submitted, October 27, 1989. Chicago Norwest Bank Atlantic, National Association, Atlantic, Iowa; Norwest Bank Cedar Falls, N.A., Cedar Falls; Norwest Bank Cedar Rapids, Cedar Rapids; Norwest Bank Denison, National Association, Denison; Norwest Bank Fort Dodge, N.A., Fort Dodge; Norwest Bank Mason City, N.A., Mason City; Norwest Bank Ottumwa, N.A. Ottumwa; and Norwest Bank Sioux City, N.A., Sioux City, Iowa, proposed merger with Norwest Bank Des Moines, N.A., Des Moines, Iowa — report on competitive factors. Submitted, October 24, 1989. S t . Louis Security State Bank, Republic, Missouri, proposed merger with First State Bank of Marionville, Marionville, Missouri — report on competitive factors. Submitted, October 27, 1989. H.2 OCTOBER 23, 1989 PAGE 7 TO OCTOBER 27, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Southeast Bank, N.A., Miami, Florida, proposed merger with Southeast Bank For Savings, Jacksonville, Florida — report on competitive factors. Submitted, October 26, 1989. Chicago State Savings Bank of Caro, Caro, Michigan, proposed merger with Caro Savings Bank — report on competitive factors. Submitted, October 24, 1989. San Francisco Wells Fargo Bank, N.A., San Francisco, California, proposed merger with Valley National Bank, Glendale, California — report on competitive factors. Submitted, October 27, 1989. EXTENSIONS OF TIME Chicago AFC Acquisition Corporation, Detroit, Michigan — extension to January 19, 1990, to acquire Alliance Financial Corporation, Dearborn, Michigan, Dearborn Bank and Trust Company, and Huron Community Bank, East Tawas, Michigan. Granted, October 24, 1989. Cleveland Banc One Corporation, Columbus, Ohio — extension to January 24, 1990, to engage in investment advisory and certain underwriting activities through Banc One Brokerage Corporation. Granted, October 23, 1989. Richmond Bank Maryland Corp., Towson, Maryland — extension to January 18, 1990, to acquire Heritage International Bank, Bethesda, Maryland. Granted, October 23, 1989. San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain properties. Granted, October 24, 1989. San Francisco Brighton Bancorp, Salt Lake City, Utah — to January 15, 1990, to redeem shares. Granted, October 24, 1989. extension H.2 OCTOBER 23, 1989 PAGE 8 TO OCTOBER 27, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Staff Director BS&R Chase Bank of Maryland* Baltimore* Maryland — extension to dispose of certain assets. Granted* October 24* 1989. Chicago Comerica Incorporated, Detroit, Michigan — extension to January 19* 1990* to acquire Alliance Financial Corporation* Dearborn* Michigan* Alliance Data Services, Inc.* Dearborn Bank and Trust Company* and Huron Community Bank, East Tawas* Michigan. Granted* October 24, 1989. Atlanta First Florida Banks* Inc.* Tampa* Florida* and 7L Corporation — extension to December 18* 1989* to acquire First Management Group* Inc.* and Florida Asset Management Group* Inc.* and engage de novo in providing management services to certain savings and loan associations. Granted* October 25* 1989. S t . Louis Stone County National Bancshares* Inc.* Crane* Missouri — extension to January 23, 1990, to acquire Stone County National Bank. Granted* October 24* 1989. Atlanta SunTrust Banks* Inc., Atlanta* Georgia — extension to January 27* 1990* to acquire BHC Holdings* Inc.* Philadelphia* Pennsylvania* and engage in securities brokerage. Granted* October 25* 1989. San Francisco Wells Fargo & Company* San Francisco* California — extensions to divest certain properties. Granted* October 27* 1989. INTERNATIONAL OPERATIONS Kansas City United Bank of Denver National Association* Denver* Colorado — to establish a branch facility in Grand Cayman* Grand Cayman Islands* British West Indies. Approved* October 27* 1989. H .2 OCTOBER 23, 1989 PAGE 9 TO OCTOBER 27, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY MEMBERSHIP New York West Jersey Community Bank, Fairfield, New Jersey — to become a member of the Federal Reserve System. Approved, October 25, 1989. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Atlanta — to purchase a reader / sorter and related peripherals. Approved, October 27, 1989. Director, FRBO Federal Reserve Bank of San Francisco — communications network. Approved, October 27, 1989. to upgrade RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of New York — to offer a limited MICR capture service at all Second District offices. Approved, October 27, 1989. SECURITIES REGULATION Staff Director BS&R Over-the-counter stocks — revised list of OTC stocks subject to margin requirements, effective November 13, 1989. Published, October 27, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT T O BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date Olde Windsor Bancorp, Inc., Olde Windsor, Connecticut (Olde Windsor) - Change in Control notification filed b y John Coccomo to acquire an additional 10.1% of the shares of Olde Windsor Newspaper 11-01-89 Federal Register 11-02-89 John A. Kaneb, Chelsea, Massachusetts - Change in Control notification filed to acquire an additional 8.67% of the voting shares of Neworld Bancorp, Inc., Boston, Massachusetts Newspaper 11-10-89 Federal Register Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet/Norstar Financial Federal Register Group, Inc., Providence, Rhode Island and Fleet/Norstar N e w York, Inc., Albany, N e w York - 4 (c)(8) application to engage in the placement o f all types of securities and to provide investment advisory services to retail and institutional customers, through Adams McEntee, Fleet/Norstar Securities, Inc., N e w York, N e w York No t Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Content Period Ending Date Application NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject t o Newspaper _____________ Notice Only__________ None. SECTION II Applications Subject t o Both Newspaper and Federal Register Notice Bankers Corporation, Perth Amboy, N e w Jersey t o acquire Bankers Savings Bank, Perth Amboy, N e w Jersey. 1/ 11/18/89 3/ SECTION III Noribariking Applications (Subject to Federal Register Notice Only) Manufacturers Hanover Corporation, N e w York, N e w York t o acquire, through its subsidiary, Manufacturers Hanover Futures, Inc., the outstanding shares of Manufacturers Hanover Financial Options Group, I n c . , Fhiladelphia, Pennsylvania and thereby t o engage indirectly in the execution and clearance of: (1) foreign currency options traded o n securities exchanges; (2) futures contracts on gold bullion and options on such contracts traded on commodities exchanges; (3) options on U.S. Government securities traded o n securities exchanges; (4) options on stock and b o n d indices traded on securities exchanges; and (5) the provision of general research and advice on market conditions and trading strategies regarding the use of the above-referenced exchange-traded contracts b y customers. N/A SECTION IV Applications Not Involving ______ Public Comment______ None. 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 m a y b e specified in the Federal Register notice. N / A - Not Available Date specified in Federal Register notice; a later date m a y b e specified in the newspaper notice. FEDERAL RESERVE BA N KO F PHILADELPHIA SECTION Wee k ended October 27, 1989 I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Comment Meridian B a n k . Reading, PA to establish an offsite electronic banking facility t o b e l o c a t e d a t t h e Mt. A i r y S h o p ' N Bag, 7 1 0 9 S t e n t o n A v e . , P h i l a d e l p h i a , PA. SECTION II Period First Bath C o r o . . Bath, P A r equests p e r m i s s i o n f o r J o h n W. T r o x e l l , J r . t o o w n u p t o 1 1 . 3 0 % of c a p i t a l s t o c k of F i r s t B a t h Corp. p u r s u a n t to t h e C h a n g e in B a n k C o n t r o l Act. Period III AND Ending Date If 11/2/89 11/15/89 Newspaper: Federal Register: SECTION Date 11/20/89 - APPLICATIONS SUBJECT TO BOTH NEWSPAPER FEDERAL REGISTER NOTICE Comment Ending ONLY - APPLICATIONS SUBJECT NOTICE ONLY Comment TO FEDERAL Period REGISTER Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL OR NEWSPAPER NOTICE None. 1/ Subject to *N/A - not yet provisions available. of C o m m u n i t y R e i n v e s t m e n t Act. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 REGISTER NOTICE Applications Bulletin F o r W e e k E n d i n g O c t o b e r 28, SECTION I - APPLICATIONS SUBJECT NOTICE ONLY 1989 TO NEWSPAPER NONE 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 T O B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT NOTICE ONLY TO APPLICATION R e c e i v e d S e c t i o n 4(c)(8) app l i c a t i o n o n O c t o b e r 26, 1 9 8 9 f r o m A m e r i t r u s t C o r p o ration, Cleveland, Ohio, to a c q u i r e M V e s t m e n t Corp., Dallas, Texas. FEDERAL REGISTER COMMENT Not PERIOD ENDING Yet Known # R e c e i v e d S e c t i o n 4(c)(8) app l i c a t i o n on O c t o b e r 27, 1 9 8 9 f r o m P N C F i n a n c i a l C o r p . , Pittsburgh, Pennsylvania, to acquire Lomas S e c u r i t i e s USA, Inc., Houston, Texas. Not Yet Known # R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on O c t o b e r 27, 1 9 8 9 f r o m N a t i o n a l C i t y C o r p o ration, C leveland, Ohio, to a c q u i r e G E M S a v i n g s A s s o c i a t i o n , Dayton, Ohio. Not Yet Known # * # N F - Subject to CRA E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s Newspaper Comment Period Federal Register Comment Period from the date of receipt Applications Bulletin F o r W e e k E n d i n g O c t o b e r 28, SECTION IV 1989 - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * # N F - Subject to CRA E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s Newspaper Comment Period Federal Register Comment Period from the date of receipt Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Central Fidelity Bank, Richmond, Virginia, request for permission to establish a branch at 309 South Battlefield Boulevard, Chesapeake, Virginia.* 11-23-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice A p p l i cation Comment Period Ending Date None Section III - Applications Subject to Federal Register Notice A pplication 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 30, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Conroent Period Ending Date Imperial Bank 11-10-89 Federal Register Coral Gables, Florida Change in control b y Daniel De Lange to retain 24.38 percent and to acquire an additional 15.94 percent of the outstanding shares that will increase his total ownership to 40.32 percent. Merchant Bankshares, Group, Inc. Fort M y e r s , Florida 1-BHC formation, Merchant National Bank, Fort Myers, Florida. BancShares National Corp. 11-20-89 Atlanta, Georgia Newspaper 1-BHC formation, Vinings Bank & Trust, N.A., Atlanta, Georgia. DBT Holding Company Vidalia, Georgia 1-BHC formation, Darby Bank and Trust Company, Vidalia, Georgia. First Commerce Bancorp, Inc. 11-20-89 Commerce, Georgia Newspaper To merge with Citizens Holding Company, Lexington, Georgia, and thereby acquire its banking subsidiary, Citizens Banking Company, Lexington, Georgia. First National Bankshares, Inc. Houma, Louisiana Change in control b y Richard H. Barker, et al., to acquire an additional 19.30 percent that will increase their total ownership to 29.77 percent. First American Corporation Nashville, Tennessee T o acquire First American Trust Company, Nashville, Tennessee, as a state-chartered nonmertiber bank, through charter conversion of First American Trust Company, N . A . , Nashville, Tennessee. October 30, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section III - Application Subject To Federal Register Notice Only Application Auburn National Bancorporation Auburn, Alabama To establish ANB Systems, Inc., Auburn, Alabama, and engage d e novo in data processing activities, pursuant to section 225.25(b)(7) of Regulation Y. Section IV - Applications Not Subject To Federal Register Notice Or Newspaper Notice Application Atico Financial Corporation Miami, Florida Commitment waiver request. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Tvoe Application Merger/ Branch First of of America Bank-Northern Michigan Cheboygan, Michigan Antrim County State Bank Mancelona, Michigan* Merger/ Branch Union Bank/Streator N Streator, Illinois Union Bank/Triumph Triumph, Illinois - Branch at main street* - 10-20-89 Branch Union Bank/Streator Streator, Illinois 400 Etna Road Ottawa, Illinois* N - 10-20-89 Merger/ Branch Liberty Bank-Oakland Troy, Michigan Liberty State Bank & Trust Hamtramck, Michigan* 9301 Jos. Campau Hamtramck, Michigan* N - 11-2-89 Branch Liberty Bank-Oakland Troy, Michigan N W Corner 12 Mile Road & Halsted Road Farmington Hills, Michigan* N - 11-2-89 Branch Liberty Bank-Oakland Troy, Michigan 16673 E. 15 Mile Road Clinton Township, Michigan* N - 11-2-89 Branch Liberty Bank-Oakland Troy, Michigan 2229 Metropolitan Parkway Sterling Heights, Michigan* N - 11-2-89 Branch Liberty Bank-Oakland Troy, Michigan 25719 Grand River Avenue Redford Township, Michigan* N - 11-2-89 Branch Liberty Bank-Oakland Troy, Michigan 3030 Union Lake Road Commerce Township, Michigan* N - 11-2-89 N - 11-4-89 Federal Reserve Bank of Chicago Section I - Applications Subiect to Newspaper Notice Onlv Continued Comment Period Endinq Date Type Application Branch Liberty Bank-Oakland Troy, Michigan 39440 Fourteen Mile Road Commerce Township, Michigan* N - 11-2-89 Branch Liberty Bank-Oakland Troy, Michigan 41801 Garfield Clinton Township, Michigan* N - 11-2-89 Branch Liberty Bank-Oakland Troy, Michigan 4396 Highland Road Waterford Township, Michigan* N - 11-2-89 Branch Liberty Bank-Oakland Troy, Michigan 44500 Van Dyke Sterling Heights, Michigan N - 11-2-89 Branch Liberty Bank-Oakland Troy, Michigan 50650 Gratiot Avenue Chesterfield Township, Michigan* N - 11-2-89 Branch Liberty Bank-Oakland Troy, Michigan 6705 Orchard Lake Road West Bloomfield Township, Michigan* N - 11-2-89 Membership First Illini Bank N - 10-30-89 Galesburg, 111inois To become a member of the Federal Reserve System* Merger/ Branch First Illini Bank Galesburg, Illinois Abingdon Bank and Trust Company Abingdon, 111inois* N - 10-30-89 Merger/ Branch First Illini Bank Galesburg, 111inois Community Bank & Trust Company Canton, Illinois* N - 10-30-89 Merger/ Branch First Illini Bank Galesburg, Illinois Madison Park Bank Peoria, Illinois* N - 10-30-89 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Type Application Branch First Illini Bank Galesburg, 111inois 1304 W. Main Street Peoria, Illinois* Branch Comerica Bank - Detroit Detroit, Michigan 31 E. Long Lake Troy, Michigan* Comment Period Ending Date N - 10-30-89 N - * * Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-l L .B .T . Bancorporation West Des Moines, Iowa Liberty Bank & Trust Lake Mills, Iowa* FR - 9-20-89 N - 11-15-89 Y-2 Capitol Bancorp, Ltd. Lansing, Michigan Portage Commerce Bank Portage, Michigan* FR - 11-6-89 N - 10-23-89 Y-2 Gore-Bronson Bancorp, Inc. Northbrook, 111inois Irving Bancorp, Inc. Chicago, Illinois Irving Bank Chicago, 111inois* FR - 11-6-89 N - ** CoC-HC First Interstate of Iowa, Inc. Des Moines, Iowa The Graham Group, Inc. Des Moines, Iowa PR - 11-2-89 N - ** Y-2 First State Bancorp of Princeton, Illinois, Inc. Princeton, Illinois First Bank and Trust Co. of Gridley Gridley, Illinois* Y-2 Security Chicago Corp. Chicago, Illinois First Bank and Trust Co. of Gridley Gridley, Illinois* FR - ** N - 10-22-89 FR - ** N - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-2 Lincoln Financial Corporation Fort Wayne, Indiana Signal Bancorp Monticello, Indiana State and Savings Bank Mont ice1lo, Indiana* FR - ** N - ** Y-2 Valley Bancorporation Appleton, Wisconsin First National Bank of Chippewa Falls Chippewa Falls, Wisconsin* FR - ** N - ** Y-2 Valley Bancorporation Appleton, Wisconsin Peoples State Bank Three Lakes, Wisconsin* FR - ** N - ** Y-l First Mid-America Bancorp, Inc. Davenport, Iowa The State Bank of Annawan Annawan, Illinois* FR - ** N - 11-6-89 Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application Y-4 A.B.N. - Stichting Amsterdam, Nederland Union Realty Mortgage Co., Inc. Chicago, Illinois N - ** Y-4 ABN/LaSalle North America, Inc. Chicago, Illinois Union Realty Mortgage Co., Inc. Chicago, Illinois N - ** Y-4 Algemene Bank Nederland, N.V. Amsterdam, Nederland Union Realty Mortgage Co., Inc. Chicago, Illinois N - ** Y-4 LaSalle National Corporation Chicago, Illinois Union Realty Mortgage Co., Inc. Chicago, Illinois N - ** Federal Reserve Bank of Chicago 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 Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date *Section 18(c) of the Federal Deposit Insurance Act application by Effingham State Bank, Effingham, Illinois, to merge with Effingham Interim Bank, Effingham, Illinois, a de novo bank applying for membership purusant to Section 9 of the Federal Reserve Act (Not available) SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE *Section 3(a)(3) application by Financial Bancshares, Inc., St. Louis, Missouri, to acquire 30.2 percent of First Bank of East Prairie, East Prairie, Missouri (Not available) *Section 3(a)(1) application by First Eldorado Bancshares, Inc., Eldorado, Illinois, to acquire First State Bank of Eldorado, Eldorado, Illinois (Newspaper 11-22-89) SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Section 4(c)(8) application by Union Planters Corporation, Memphis, Tennessee, to engage in underwriting and dealing in eligible securities, providing portfolio advice, acting as a futures commission merchant and providing investment advice, providing brokerage services, acquiring or servicing loans, and leasing personal property through Union Planters Investment Bankers Corporation, Memphis, Tennessee (Not available) Federal Reserve Bank of St. Louis SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE* OR NEWSPAPER NOTICE None. *This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only_______ Comment Period Ending Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Norwest Corporation Mpls, MN To merge with First Interstate Corporation of Wisconsin, Kohler, WI and thereby in directly acquire the First Interstate Bank of Wisconsin, Sheboygan, WI; First Interstate Bank of Wisconsin, N.A., Green Bay, WI; First Interstate Bank of Wisconsin - Northeast, Green Valley, WI; First Interstate Bank of Wisconsin, N.A., Eau Claire, WI; First Inter state Bank of Wisconsin - Southeast, New Berlin, WI; First Interstate Bank of Wiscon sin, Appleton, WI; First Interstate Bank of Wisconsin, Waupun, WI; First Interstate Bank of Northern Indiana, N.A., South Bend, Indiana; First Galesburg National Bank & Trust Company, Galesburg, 111; Abingdon Bank & Trust Company, Abingdon, 111; Madison Park Bank, Peoria, 111; Community Bank & Trust Company of Canton, Canton, 111.* * Subject to CRA Comment Period Ending Date Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Norwest Corporation, Mpls, MN Norwest Financial Services, Inc., Des Moines, IA; and Norwest Finan cial, Inc., Des Moines, IA To engage de novo in consumer finance; sales finance; underwriting of credit life, accident, & health insurance related to extensions of credit by Norwest Corporation or its subsidi aries; sale of credit property and casualty insurance on an ongoing basis; commercial finance; lease finance; and offering for sale & selling of bookkeeping, payroll, & mgmt, financial reporting services and data processing services. These activities will be conducted in New Hampshire. Not yet available Norwest Corporation Minneapolis, MN To engage in the following: (1) trust company activities thru the indirect acquisition of First Interstate Trust Company of Wisconsin, Sheboygan, WI; (2) brokerage activities thru the in direct acquisition of First Brokerage Services, Sheboygan, WI; (3) data processing activities thru the indirect acquisition of First Interstate Manage ment Services of Wisconsin, Inc., Sheboy gan, Wisconsin; and (4) commercial finance activities thru the indirect acquisition of First Interstate Commercial Corporation of Wisconsin, Milwaukee, WI. The activities will be conducted nationwide. Not yet available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE ENDING DATE Non e . SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD Chrisman-Sawyer Bancshares, Inc . f K a n s a s C i t y , M i s s o u r i , for p r i o r a pproval to b e c o m e a bank holding 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 87.18 p e r c e n t of the voting shares of F i r s t C i t y B a n k , I n d e p e n d e n c e , M i s s o u r i .* Not I n t e r n a t i o n a l B r o t h e r h o o d of Boilermakers, Iron Ship Builders, B l a c k s m i t h s , F o r g e r s and Helpers, K a n s a s C i t y , K a n s a s , for p r i o r a p p r o v a l to a c q u i r e 4 7 . 5 0 p e r c e n t of t h e v o t i n g s h a r e s of B r o t h e r h o o d B a n c s h a r e s , Inc., K a nsas City, Kansas.* Not A v a i l a b l e B r o t h e r h o o d B a n c s h a r e s , Inc., K a n s a s C i t y , K a n s a s , for p r i o r a pproval to b e c o m e a bank h o l ding 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 100 p e r c e n t o f t h e v o t i n g s h a r e s o f The B r o t h e r h o o d Bank and Trust Company, K a n s a s City, Kansas.* Not B arbara Forst e r , Golden Valley, M i n n e s o t a , f o r p r i o r a p p r o v a l to acquire a 92.2 percent ownership i n t e r e s t o f E a g l e A g e n c y , Inc., Eagle, C o l o r a d o . Not A v a i l a b l e T. B r e n t B a l l i n g e r , P a w h u s k a , O k l a h o m a , f o r p r i o r a p p r o v a l to i n c r e a s e h i s o w n e r s h i p i n t e r e s t in N . B . C . B a n c s h a r e s in P a w h u s k a , Inc., P a w h u s k a , O k l a h o m a , b y 5 0 . 2 5 percent to 50.75 percent. Not Available Available Available Federal Reserve Bank o f Kansas City SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT Peo p l e s N a t i o n a l B a n c s h a r e s of C h e c o t a h , Inc., C h e c o t a h , O k l a h o m a , for p r i o r a p p r o v a l to a c q u i r e 1 0 0 p e r c e n t of t h e v o t i n g s h a r e s o f C a n t w e l l I n s u r a n c e A g e n c y , Inc., Checotah, Oklahoma, and t h e reby i n d i r e c t l y e n g a g e in s e l l i n g c r e d i t l i f e , d i s a b i l i t y , or i n v o l u n t a r y unemployment insurance and i n s u r a n c e a g e n c y a c t i v i t i e s in a t o w n of l e s s t h a n 5 , 0 0 0 p e r s o n s . Not PERIOD ENDING DATE Available SECTION IV - APPLICATIONS NOT SPBJECT TO FEDERAL REGISTER N O T I C E OR NEWSPAPER NOTICE APPLICATION None. ♦Application is subject to C R A . FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 23, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Barbi Corp. - D. G. Council, Kaufman, TX; to acquire an interest in Kaufman Bancshares, Inc., Kaufman, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) de novo notification by United New Mexico Financial Corporation, Albuquerque, NM, to provide a single line of credit to an unaffiliated company for the purpose of purchasing distressed loans N/A Section 4(c)(8) de novo notification by Ford Bank Group, Inc., Lubbock, TX, to provide a single line of credit to an unaffiliated company for the purpose of purchasing distressed loans N/A 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 10/27/89 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Pacific Western Bank, San Jose, California, to acquire certain assets and liabilities of the Northern California Division of Household Bank, F.S.B., Newport Beach, California. * Newspaper: Not yet published Section II - Applications Subject to Both Newspaper and Federal Register Notice Roy Doumani, Beverly Hills, California; Gerald L. Parsky, Ios Angeles, California; William E. Simon, Morristown, New Jersey; and Larry B. Thrall, Sr., Beverly Hills, California, to increase their ownership in World Trade Bancorp, Beverly Hills, California. Fed. Rea.: 10/30/89 Newspaper: Not available Section III - Applications Subject to Federal Register Notice Only Security Pacific Corporation, Los Angeles, California, to engage in leasing activities beyond the scope of those listed in Regulation Y through Security Pacific Leasing Corp. Fed. Rea.: 11/01/89 First Interstate Bancorp, Los Angeles, California, to engage in asset management and valuation activities through a yet-to-be named subsidiary. Fed. Reg.: Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Brighton Bancorp, Salt Lake City, Utah, to redeem 250 shares of its common stock. * Subject to CRA.
@FedFRASER