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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H. 2 1971 No. 44 Applications and Reports Received or Acted on During Week Ending October 30, 1971 District 6 Date Registration Statement Filed Pursuant to Section 12(g) of the Securities Exchange Act Received Lawrence County Bank, Lawrenceburg, Tennessee, (Amendment No. 1) 10-29-71 * * * * Proxy Statement (Special Meeting) Filed Pursuant to Section 14(a) of the Securities Exchange Act Received Bank of Dearborn, Dearborn, Michigan. 10-29-71 Southwest Bank of St. Louis, St. Louis, Missouri. 10-29-71 * * * * 9 To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Received 1st Security Bank of Laurel, Laurel, Montana. 6 Approved Foxworth Bank, Foxworth, Mississippi. 7 Nortrust Bank, Chicago, Illinois. * * * * 9 To Withdraw from Membership in the Federal Reserve System Without a Six Month Notice as Prescribed by Section 9 of the Federal Reserve Act Received South Range State Bank, South Range, Michigan. ~k ~k -k H.2 1971 No. 44 4 7 1 -2- To Establish a Domestic Branch Pursuant to Section 19 of the Federal Reserve Act Received The Ohio Bank and Savings Company, Findlay, Ohio. Branch to be established at 215 East Crawford Street, Findlay, Hancock County. Fort Madison Bank & Trust Co., Fort Madison, Iowa. Branch to be established (off-premises drive-in parking lot office) at 48th Street and Avenue L, Fort Madison. Approved *The Connecticut Bank and Trust Company, Hartford, Connecticut. Branch to be established at 21 Pennsylvania Avenue, in the town of East Lyme. 3 *Girard Trust Bank, Bala Cynwyd, Pennsylvania. Branch to be established on the south side of Route 30, 1,750 feet east of the intersection of Route 30 and Route 100, Exton, West Whiteland Township, Chester County. 5 ^United Virginia Bank of Williamsburg, Williamsburg, Virginia. Branch to be established at the intersection of U. S. Route 60 West and State Route 614, James City County. 6 *Foxworth Bank, Foxworth, Mississippi. Branch to be established at 1000 Main Street, Columbia, to be known as the Columbia office of the Foxworth Bank. ^American Bank and Trust Company, Lansing, Michigan. Branch to be established at 2128 West Grand River, Meridian Township, County of Ingham. *Idaho State Bank, Glenns Ferry, Idaho. Branch to be established at Hagerman, Gooding County. * * * * "K Application approved by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1971 No. 44 -3- Thirty Day Notice of Intention to Establish An Additional Branch in a Foreign Country Received Chase Manhattan Bank, National Association, New York, New York. Branches to be established in Hong Kong to be located in Tsimshatsui, Tsuen Wan/Kwai Chung, and Causeway Bay. * * * * 7 To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act Approved Nortrust Bank, Chicago, Illinois. For prior approval to merge The Northern Trust Company of Chicago, Illinois, under the charter of the former and title of the latter. * * * * 10-18-71 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Connecticut Bancshares Corporation, Hartford, Connecticut, for prior approval to acquire at least 50.9 per cent of the voting shares of Northern Connecticut National Bank, Windsor Locks, Connecticut. Firstbrook Corporation, Chicago, Illinois, for prior approval to acquire 80 per cent or more of the voting shares of Northbrook Trust & Savings Bank, Northbrook, Illinois. Approved Nortrust Corporation, Chicago, Illinois, for prior approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to The Northern Trust Company, Chicago, Illinois. Security Corporation, Duncan, Oklahoma, for prior approval to acquire 89.75 per cent of the voting shares of The Security National Bank and Trust Company of Duncan, Duncan, Oklahoma. Hawaii Bancorporation, Inc., Honolulu, Hawaii, for prior approval to acquire 80 per cent or more of the voting shares of Bank of Hawaii, Honolulu, Hawaii. * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received Barnett Banks of Florida, Inc., Jacksonville, Florida, for pz:ior approval to acquire 80 per cent or more of the voting shares of Barnett Bank of Brandon, National Association, Brandon, Florida, a proposed new bank. American Bancorporation, Inc., Saint Paul, Minnesota, for prior approval to acquire directly, and Jacob Schmidt Company, Saint Paul, Minnesota, for prior approval to acquire indirectly, 100 per cent (less directors' qualifying shares) of the voting shares of Lake City State Bank, Lake City, Minnesota. H. 2 I.971 No. 44 10 11 2 Received continued Commerce Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire 80 per cent or more of the voting shares of Clay County State Bank, Excelsior Springs, Missouri. Southwest Bancshares, Inc., Houston, Texas, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to Long Point National Bank of Houston, Houston, Texas. Approved United Jersey Banks, Hackensack, New Jersey, for prior approval to acquire 100 per cent of the voting shares of Peoples Bank of South Bergen County, Carlstadt, New Jersey, Peoples Bank of Montvale, Montvale, New Jersey, and Peoples Bank of Ridgewood, Ridgewood. 6 Pan American Bancshares, Inc., Miami, Florida, for prior approval to acquire at least 80 per cent of the voting shares of Citizens Bank and Trust Company in Sarasota, Sarasota, Florida. 6 Pan American Bancshares, Inc., Miami, Florida, for prior approval to acquire at least 80 per cent of the voting shares of Pan American Bank of Miami Beach, Miami Beach, Florida, a proposed new bank. 7 Banks of Iowa, Inc., Cedar Rapids, Iowa, for prior approval to acquire 80 per cent or more of the voting shares of Valley Bank and Trust Company, Des Moines, Iowa. 9 http://fraser.stlouisfed.org/ I Federal Reserve Bank of St. Louis Reactivated On H.2 No. 30 for the week ended July 24, 1971, the Board reported receipt of an application from Northwest Bancorporat ion, Minneapolis, Minnesota, for prior approval to acquire the voting shares of Farmers and Merchants State Bank of Stillwater, Stillwater, Minnesota. This application was placed in suspense following receipt of a Department of Justice letter to the Board dated October 1, 1971. Following receipt of Applicant's reply on October 26, 1971, this application has been reactivated. H. 2 1971 No. 44 6 -6- To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received Barnett Banks of Florida, Inc., Jacksonville, Florida, notification of intent to engage in the following de novo activities: (revised notification) 10-20-71 (1) acting as agent for the sale of insurance for the protection of the bank holding company and its subsidiaries (2) acting as agent for the sale of group insurance for the protection of employees of the bank holding company and its subsidiaries (3) acting as agent for the sale of insurance on borrowers and insurance on loan collateral (4) acting as agent for the sale of insurance on mortgagors and insurance on mortgaged property directly related to mortgage loan servicing provided by subsidiaries of the bank holding company, and renewals, replacements or extensions of such insurance (5) acting as agent for the sale of insurance on loan collateral directly related to extensions of credit by a real estate investment trust Such activities will be conducted from the offices of Barnett Banks of Florida, Inc., and of its subsidiaries. 7 First Wisconsin Bankshares Corporation, Milwaukee, Wisconsin, notification of intent to engage in a de novo activity (serving as the advisory company for a real estate investment trust) through its subsidiary, First Wisconsin Mortgage Company, Milwaukee, Wisconsin. 7 Marshall & lisley Bank Stock Corporation, Milwaukee, Wisconsin, for prior approval to acquire substantially all of the shares of First National Leasing Corporation, Milwaukee, Wisconsin. 9 Carlton Agency, Inc., Carlton, Minnesota, for prior approval to acquire insurance renewals, the goodwill and the name and style of First National Bank Insurance Agency, Carlton, Minnesota. 12 Patagonia Corporation, Phoenix, Arizona, for prior approval to acquire 100 per cent of the voting shares of Model Finance Company, Phoenix, Arizona. 10-26-71 H.2 1971 No. 44 •7- Permit tied** 12 Zions Utah Bancorporation, Salt Lake City, Utah, to continue to engage in a de novo activity (operating as an industrial bank under laws of the State of Colorado) through a subsidiary known as Fort Collins 1st Industrial Bank, 10-28-71 Fort C o l l i n s , C o l o r a d o . To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Received First Pennsylvania Corporation, Philadelphia, Pennsylvania, gave notice that on October 1, 1971, they acquired two offices and $25,600 of assets from Central Loans, Inc., Lexington, Mississippi, through a subsidiary, Industrial Finance & Thrift Corporation, New Orleans, Louisiana. Shelter Resources Corporation, Cleveland, Ohio, notification of intent to acquire Colony Corporation, Cleveland, Ohio. 10-28-71 Gulf & Western Industries, Inc., New York, New York, notification of intent to acquire 4,050 shares of common stock of Palmetto Cablevision, Inc., Columbia, South Carolina, through a subsidiary known as Athena Communications Corporation, New York, New York. 10-22-71 Montgomery Ward & Co., Inc., Chicago, Illinois, notification of intent to acquire assets of the Yard-Man Division of Leisure Group, Inc., in Jackson, Michigan, and Sullivan, Illinois. 10-29-71 ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority.
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