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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

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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,




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No. 40

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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.
* * *

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*

* Application processed by the Reserve Bank on behalf of the Board

of Governors under delegated authority.


H.2
No. 40

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-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.
* * * * *

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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.
* * * * *

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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.

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H. 2
No. 40

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-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.
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