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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Applications and Reports Received or Acted on During the Week Ended October 4, 1969. H. 2 No. 40 District 5 2 3 2 Date To Withdraw from Membership in the Federal Reserve System Witho it a Six Month Notice as Prescribed by Section 9 o£ the Federal Reserve Act Approved *The Bank of Salem, Salem, Virginia. To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Manufacturers Hanover Trust Company, New York, New York. Branch on the northeast corner of East Prospect Avenue and North Third Avenue (Westchester Plaza), City of Mount Vernon, Westchester County. The First Pennsylvania Banking and Trust Company, Philadelphia, Pennsylvania. Branch at the Pennwalt Building, Three Parkway, Philadelphia. Approved **County Trust Company, Tenafly, New Jersey. Branch at 348 Kinderkamack Road, Oradell. 2 **Marine Midland Trust Company of Rockland County, Nyack, New York. Branch at 75 Mamaroneck Avenue, White Plains, Westchester County. 3 **The First Pennsylvania Banking and Trust Company, Philadelphia, Pennsylvania. Branch at MacDade Boulevard and Darby Creek, Darby Borough, Delaware County. * Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. ** Application processed by the Acting Director of the Division of Supervision and Regulation on behalf of the Board of Governors under delegated authority, H.2 No. 40 3 7 12 -2- Approved (continued) *Princeton Bank and Trust Company, Princeton Township, New Jersey. Branches at the following locations: A. Branch at the Lawrence Shopping Center, Lawrence Township, Mercer County; and B. Branch at the Pennytown Shopping Center, Hopewell Township, Mercer County. *Glenwood State Bank, Glenwood, Iowa. Branch in Pacific Junction. *Farners and Merchants Bank of Long Beach, Long Beach, California. Branches at the following locations: A. Within 1-mile radius of BelIf lower Boulevard and Stearns, city of Long Beach; and B. Within 1-mile raidus of Carson and Los Coyotes, Long Beach. Yc * Vt * * 2 To Carry Reduced Reserves Pursuant to Section 19 of the Federal Reserve Act Received Niagara Frontier Bank of New York, Buffalo, New York. * * Vc * * 2 To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Received Republic National Bank of New York, New York, New York. Branch in London, England. 4 The Cleveland Trust Cor,pany, Cleveland, Ohio. Branch in Nassau, Bahamas. 7 The First National Bank of Chicago, Chicago, Illinois. Branch in Milan, Italy. * * * "k * * Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 No. 40 3 3 -3To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Received Car,den Trust Corpany, Canden> New Jersey, for prior approval to merge Trades: ens Bank and Trust Company of Vine land, Vineland, New Jersey, under the charter and title of Camden Trust Company. Camden Trust Company, Camden, New Jersey, for prior approval to merge Garden State Bank, Cinnar.iinson, New Jersey, under the charter and title of Camden Trust Company. * * * * * 5 7 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Mercantile Bankshares Corporation, Baltimore, Maryland, for prior approval to become a bank holding conpany through the acquisition of 100 per cent of the voting shares of the successors by aerger to Mercantile-Safe Deposit and Trust Coiupany, Baltimore; and The Annapolis Banking and Trust Company, Annapolis, both in Maryland. Approved Security Financial Services Inc., Sheboygan, Wisconsin, for prior approval to become a bank holding coi.pany through the acquisition of 80 per cent or more of the voting shares of Security First National Bank of Sheboygan, Sheboygan; and South-West State Bank, Sheboygan, both in Wisconsin. * * * * * 6 To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Approved Barnett National Securities Corporation, Jacksonville, Florida, for prior approval to acquire 80 per cent or n ore of the voting shares of Ana stasia Bank, St. Augustine, Florida. e # H. 2 No. 40 6 7 1 -4Approvecl (continued) First at Orlando Corporation, Orlando, Florida, for prior approval to acquire 80 per cent or more of the voting shares of The Citizens btate Bank, St. Cloud, Florida. Hawkeye Bancorporation, Red Oat*, Iowa, for prior approval to acquire 87.6 per cent of the voting shares of Hills County State Bank, Glenwood, Iowa. Withdrawn On H.2 No. 18, for the week ended May 3, 1969, the Board reported that an application from Depositors Corporation, Augusta, Maine, for approval to acquire at least 80 per cent of the voting shares of Katahdin Trust Company, Patten, Maine, had been placed in suspense at the request of Applicant. In a letter dated September 29, 1969, the Applicant requested that the application be re oved from, suspense and be withdrawn. * * Ve Vc *