Full text of H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received : October 3, 1970

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ANNOUNCEMENT BY
BOARD O F GOVERNORS O F THE

H.2

FEDERAL R E S E R V E SYSTEM

A p p l i c a t i o n s and R e p o r t s Received or Acted on

1970

- N o .

40

During t h e Week Ended October 3, 1970.
District

5
5

Date
To Become a Member of t h e F e d e r a l Reserve System
P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Reserve Act
Received
Bank of W a r r e n t o n , W a r r e n t o n , V i r g i n i a .
Approved
Bank of W a r r e n t o n , W a r r e n t o n , V i r g i n i a .
*

10

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* *

To Withdraw from Membership i n t h e F e d e r a l Reserve
System Without a S i x Month N o t i c e as P r e s c r i b e d by
S e c t i o n 9 of t h e F e d e r a l Reserve Act
Approved
* F i r s t American Bank and T r u s t Company, P u r c e l l ,
Oklahoma.
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5

*

To E s t a b l i s h a Domestic Branch P u r s u a n t t o
S e c t i o n 9 of t h e F e d e r a l Reserve Act
Received
The Commercial Bank, C h e s t e r , South C a r o l i n a .
Branch a t 140 S a l u d a S t r e e t , C h e s t e r .

6

Georgia R a i l r o a d Bank & T r u s t Company, A u g u s t a ,
G e o r g i a . Branch i n t h e Hephzibah Community of
Richmond County.

6

Savannah Bank & T r u s t Company of Savannah, Savannah,
G e o r g i a . Branch at t h e i n t e r s e c t i o n of Highway 17
South and Lynes Parkway o u t s i d e t h e c i t y of
Savannah b u t w i t h i n Chatham County.

A p p l i c a t i o n approved by Reserve Bank on b e h a l f of t h e Board of Governors
under d e l e g a t e d a u t h o r i t y .







T r u s t Company of G e o r g i a , A t l a n t a , G e o r g i a .
Branches a t t h e f o l l o w i n g l o c a t i o n s :
A.

At 3850 Rockbridge Road, S t o n e Mountain;

B.

At 100 South DeKalb M a l l , D e c a t u r ; and

C.

At 1849 Mountain I n d u s t r i a l B o u l e v a r d , T u c k e r .

C i t y Bank and T r u s t Company of Moberly, Moberly,
M i s s o u r i . Branch a t 501 West C o a t e s , Moberly.
Approved
^ C e n t r a l S t a t e Bank, M u s c a t i n e , Iowa.
Branch ( p a r k i n g l o t o f f i c e ) i n t h e v i c i n i t y of
H a r r i s o n S t r e e t and Park Avenue, C i t y of M u s c a t i n e ,
Muscatine County.
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To Carry Reduced R e s e r v e s P u r s u a n t t o
S e c t i o n 19 of t h e F e d e r a l Reserve Act
Approved
Guaranty N a t i o n a l Bank, H o u s t o n , T e x a s .
P e o p l e s N a t i o n a l Bank of S p r i n g Branch,
Houston, T e x a s .
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To E s t a b l i s h an Overseas Branch of a Member Bank
P u r s u a n t t o S e c t i o n 25 of t h e F e d e r a l Reserve Act
Received
The H u n t i n g t o n N a t i o n a l Bank of Columbus, Columbus,
Ohio. Branch i n N a s s a u , Bahamas.
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To O r g a n i z e , or I n v e s t i n * a C o r p o r a t i o n Doing
Foreign Banking and O t h e r F o r e i g n F i n a n c i n g P u r s u a n t
t o S e c t i o n 25 or 2 5 ( a ) of t h e F e d e r a l Reserve Act
Final Permit Issued
S e c u r i t y P a c i f i c Overseas C o r p , Los A n g e l e s , C a l i f o r n i a .
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H. 2
No. 40

2

4

7

-3To Form a Bank Holding Company P u r s u a n t t o
S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company
Act of 1956
Received
F i d e l i t y Union B a n c o r p o r a t i o n 5 Newark, New J e r s e y 9
f o r p r i o r a p p r o v a l t o become a bank h o l d i n g company
t h r o u g h t h e a c q u i s i t i o n of 100 p e r c e n t of t h e v o t i n g
s h a r e s of F i d e l i t y Union T r u s t Company, Newark; Bank
of West J e r s e y , Delran Township; and 100 p e r c e n t
( l e s s d i r e c t o r s f q u a l i f y i n g s h a r e s ) of The N a t i o n a l
Bank of New J e r s e y , New Brunswick, a l l i n New J e r s e y ,
Approved
N o r t h w e s t Ohio B a n k s h a r e s , I n c . , T o l e d o , Ohio, f o r
p r i o r a p p r o v a l t o become a bank h o l d i n g company through
t h e a c q u i s i t i o n of 80 p e r c e n t or more of t h e v o t i n g
s h a r e s of The Toledo T r u s t Company, T o l e d o ; and The
F i r s t N a t i o n a l Bank of Find l a y , F i n d l a y , b o t h i n Ohio.
M & S Bancorp, J a n e s v i l l e , W i s c o n s i n , f o r p r i o r a p p r o v a l
t o become a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n
of 80 p e r c e n t or more of t h e v o t i n g s h a r e s of Merchants
and Savings Bank and Bank of J a n e s v i l l e , b o t h of
J a n e s v i l l e , Wisconsin.
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4

7

To Expand a Bank Holding Company P u r s u a n t t o
S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company
Act of 1956
^
Approved
BancOhio C o r p o r a t i o n , Columbus, Ohio, f o r p r i o r a p p r o v a l
t o a c q u i r e more t h a n 80 p e r c e n t of t h e v o t i n g s h a r e s
of Akron N a t i o n a l Bank and T r u s t Company, Akron, Ohio.
Reactivated
On H c 2 No. 28, f o r t h e week ended J u l y 11, 1970, t h e
Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from F i r s t
W i s c o n s i n Bankshares C o r p o r a t i o n v Milwaukee, W i s c o n s i n ,
f o r p r i o r a p p r o v a l t o a c q u i r e n o t l e s s t h a n 80 p e r cent
of t h e v o t i n g s h a r e s of West Racine Bank, R a c i n e ,
W i s c o n s i n . On August 29 5 1970, t h i s a p p l i c a t i o n was
p l a c e d i n s u s p e n s e a w a i t i n g r e c e i p t of A p p l i c a n t ' s
r e p l y t o a Department of J u s t i c e l e t t e r .
Following
r e c e i p t of A p p l i c a n t ' s views and comments on t h e
i s s u e r a i s e d by t h e Department of J u s t i c e , t h i s
a p p l i c a t i o n has been r e a c t i v a t e d .




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