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RESEABttttMlEUttNT BOARD OF Q^VEP^JORS [ V'T Z'S G CE ifeZb 'FEDERAL RESERVE SYSTEM rc, L H.2, 1990, No. 40 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending October 6, 1990. i . ACTIONS CTAKfi& %HE BOARD OF GOVERNORS BANK HOLDING COMPANIES First Bank System# Inc.# Minneapolis# Minnesota — order approving merger with Northern Cities Bancorporation# Inc.# Anoka# Minnesota# and acquisition of Northern Bank# Forest Lake# Minnesota. Authorized# October 5# 1990. INTERNATIONAL OPERATIONS Bank of America National Trust & Savings Association# San Francisco# California — to make an additional investment in Bank of America Canada# Toronto# Ontario# Canada# and to have BankAmerica Corporation or BOFA guaranty of subordinated debentures to be issued by BACAN. Permitted# October 4# 1990. 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; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHESx, RQMSSH g Chicago Central State Bank# Muscatine# Iowa — to establish a branch at Econo Mart Food Store# 501 Bypass 61# Muscatine# Iowa. Approved# October 3# 1990. New York Chemical Bank# New York# New York — to establish an offsite electronic facility at NYNEX Mobile Communications# 2000 Corporate Park Drive# Orangeburg# New York. Approved# October 4# 1990. New York Manufacturers Hanover Trust Company# New York# New York — to establish a branch at the State University of New York Health Science Center Brooklyn# 450 Clarkson Avenue# Brooklyn# New York. Approved# October 4# 1990. Cleveland Security Dollar Bank# Niles# Ohio — to establish a branch at 2910 Youngstown Road# Warren# Ohio. Approved# October 2# 1990. H.2 SEPTEMBER 30, 1990 PAGE 2 TO OCTOBER 5, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Atlanta SouthTrust Bank of Tampa, Tampa, Florida — establish a branch at 4504 Gunn Highway. Approved, October 2, 1990. to Chicago 1st Source Bank, South Bend, Indiana — to establish a branch at the northeast corner of U.S. 30 and Oak Road, Plymouth, Indiana. Returned, October 4, 1990. BANK HOLDING COMPANIES Staff Director BS&R Bank Shares Incorporated, Minneapolis, Minnesota — proposal that Marquette Bank Minneapolis, N.A., purchase the assets and assume the liabilities of Marquette Savings Bank, F.S.B., which was formed to acquire certain assets and assume deposit liabilities of the Apache Plaza and Knollwood branches of Midwest Savings Association, F.A. Approved, October 5, 1990. Minneapolis Bank Shares Incorporated, Minneapolis, Minnesota — to engage de novo in operating a savings association through acquisition of Marquette Savings Bank, f.s.b. Permitted, October 5, 1990. Kansas City Bruning Bancshares, Inc., Bruning, Nebraska — acquire Bruning State Bank. Approved, October 4, 1990. Cleveland First Blanchester Bancshares, Inc., Blanchester, Ohio — to acquire The First National Bank of Blanchester. Approved, October 1, 1990. Chicago Harris Bankcorp, Inc., Chicago, Illinois; Bankmont Financial Corp., New York, New York; and Bank of Montreal, Montreal, Canada — to engage de novo in investment advisory activities through Harris Investors Direct, Inc., Chicago, Illinois. Withdrawn, October 3, 1990. to H.2 SEPTEMBER 30, 1990 PAGE 3 TO OCTOBER 5, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Dallas Heritage Financial Corporation* Ruston* Louisiana — to acquire Heritage Bank of Natchitoches* Natchitoches * Louisiana. Approved* October 5* 1990. Staff Director BS&R Jacob Schmidt Company* St. Paul* Minnesota — proposal that American Bancorporation* Inc. have American National Bank and Trust Company purchase the assets and assume the liabilities of American Federal Savings Association* of St. Paul* which was formed to acquire certain assets and assume deposit liabilities of the Midway and Maplewood branches of Midwest Savings Association* F.A.* Minneapolis* Minnesota. Approved* October 5* 1990. Staff Director BS&R Jacob Schmidt Company* St. Paul* Minnesota — proposal that American Bancorporation* Inc. have Commercial State Bank purchase the assets and assume the liabilities of Commercial Federal Savings Association of St. Paul* which was formed to acquire certain assets and assume deposit liabilities of the Cedar Street branch of Midwest Savings Association* F.A.* Minneapolis* Minnesota. Approved* October 5* 1990. Minneapolis Jacob Schmidt Company* St. Paul* Minnesota* and American Bancorporation* Inc. — to engage de novo in operating a savings association through acquisition of Commercial Federal Savings Association* and American Federal Savings Association. Permitted* October 5* 1990. Staff Director BS&R KeyCorp* Albany* New York — proposal that Key Bank of Eastern New York* N.A.* purchase the assets and assume the liabilities of Key Eastern Interim Savings Bank* FSB* which was formed to acquire certain assets and assume deposit liabilities of the Eastern Division of Empire Federal Savings Bank of America* Buffalo* New York. Approved* October 5* 1990. H.2 SEPTEMBER 30, 1990 PAGE 4 TO OCTOBER 5, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta PBC Bancshares, Inc., Pelham, Georgia — Pelham Banking Company. Approved, October 3, 1990. to acquire S t . Louis Scott County Bancorp, Inc., Winchester, Illinois — to engage de novo in insurance agency activities. Permitted, September 30, 1990. S t . Louis UniSouth Banking Corporation, Columbus, Mississippi — to assume the deposit liabilities and purchase selected assets of the Tupelo and Fulton, Mississippi, branches of Eastover Bank For Savings, Jackson, Mississippi. Approved, October 2, 1990. Chicago United Community Financial Corporation, Wayland, Michigan — to acquire certain assets of LaValley Associates, Inc. Returned, October 5, 1990. BANK PREMISES Kansas City Farmers Bank of Lincoln, Lincoln, Missouri — investment in bank premises. Approved, October 1, 1990. Chicago Harris Trust and Savings Bank, Chicago, Illinois — investment in bank premises. Approved, October 1, 1990. New York Manufacturers Hanover Trust Company, New York, New York — investment in bank premises. Approved, October 4, 1990* Chicago Old Kent Bank of Kalamazoo, Kalamazoo, Michigan — investment in bank premises. Approved, October 4, 1990. Cleveland Security Dollar Bank, Niles, Ohio — bank premises. Approved, October 2, 1990. investment in H.2 SEPTEMBER 30, 1990 PAGE 5 TO OCTOBER 5, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Chicago Nevada National Co.* Omaha, Nebraska — shares. Approved, October 3, 1990. redemption of CHANGE IN BANK CONTROL Kansas City Citizens Security Bancshares, Inc., Bixby, Oklahoma — change in bank control. Permitted, October 5, 1990. Dallas First City Bancorporation of Texas, Inc., Houston, Texas — change in bank control. Permitted, October 5, 1990. Dallas Gaines Bancshares, Inc., Seminole, Texas — bank control. Permitted, October 2, 1990. Dallas Texarkana National Bancshares, Inc., Texarkana, Texas — change in bank control. Returned, October 1, 1990. change in COMPETITIVE FACTORS REPORTS Kansas City Alliance National Bank and Trust Company, Alliance, Nebraska, proposed assumption of the deposit liabilities of the ANB Savings Bank, F.S.B.,— report on competitive factors. Submitted, October T, 1990. Boston Androscoggin Savings Bank, Lewiston, Maine, proposed acquisition of certain assets and assumption of the liability to pay certain deposits in the 190 Main Street, South Paris, Maine, branch of Maine Savings Bank, Portland, Maine — report on competitive factors. Submitted, October 4, 1990. S t . Louis Bank of Mississippi, Tupelo, Mississippi, proposed purchase of certain assets and assumption of the liability to pay deposits made in the Jackson and Clinton, Mississippi, branches of United Mississippi Bank, Natchez, Mississippi — report on competitive factors. Submitted, October 3, 1990. H.2 SEPTEMBER 30, 1990 PAGE 6 TO OCTOBER 5, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Finance and Thrift Company, Porterville, California, proposed purchase and assumption of the Exeter Branch of Capital Thrift and Loan Association, Napa, California — report on competitive factors. Submitted, October 1, 1990. S t . Louis First National Bank of Jonesboro, Jonesboro, Illinois, proposed merger with Republic National Bank of Jonesboro — report on competitive factors. Submitted, October 2, 1990. Boston Fleet National Bank, Providence, Rhode Island, proposed purchase of certain assets and assumption of certain liabilities of four branches of Attleboro Pawtucket Savings Bank, Pawtucket, Rhode Island — report on competitive factors. Submitted, October 5, 1990. New York Independence Bank of New Jersey, Allendale, New Jersey, proposed acquisition of the assets and assumption of the liabilities of a branch of Midland Bank and Trust Company at 67 Franklin Turnpike, Waldwick, New Jersey — report on competitive factors. Submitted, October 4, 1990. New York Midlantic National Bank / Delaware, Wilmington, Delaware, proposed merger with Midlantic National Bank, Newark, New Jersey — report on competitive factors. Submitted, October 4, 1990. Minneapolis Norwest Bank Minnesota Central, N.A., St. Cloud, Minnesota, proposed merger with the Willmar Branch of First Minnesota Savings Bank, FSB, Minneapolis, Minnesota — report on competitive factors. Submitted, October 3, 1990. Minneapolis Norwest Bank Minnesota Red Wing, N.A., Red Wing, Minnesota, proposed merger with the Red Wing Branch of First Minnesota Savings Bank, FSB, Minneapolis, Minnesota — report on competitive factors. Submitted, October 3, 1990. H.2 SEPTEMBER 30, 1990 PAGE 7 TO OCTOBER 5, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Minneapolis Norwest Bank Minnesota South, N.A., Faribault, Minnesota, proposed merger with the Waseca Branch of First Minnesota Savings Bank, FSB, Minneapolis, Minnesota — report on competitive factors. Submitted, October 3, 1990. Minneapolis Norwest Bank Minnesota South Central, N.A., Mankato, Minnesota, proposed merger with the Olivia Branch of First First Minnesota Savings Bank, FSB, Minneapolis, Minnesota — report on competitive factors. Submitted, October 3, 1990. Minneapolis Norwest Bank Minnesota South Central, N.A., Mankato, Minnesota, proposed merger with the New Ulm Branch of First Minnesota Savings Bank, FSB, Minneapolis, Minnesota — report on competitive factors. Submitted, October 3, 1990. Minneapolis Norwest Bank Minnesota Southeast, N.A., Rochester, Minnesota, proposed merger with the Rochester Branch of First Minnesota Savings bank, FSB, Minneapolis, Minnesota — report on competitive factors. Submitted, October 3, 1990. Minneapolis Norwest Bank Minnesota Southwest, N.A., Marshall, Minnesota, proposed merger with the Canby Branch of First Minnesota Savings Bank, FSB, Minneapolis, Minnesota — report on competitive factors. Submitted, October 3, 1990. Minneapolis Norwest Bank Minnesota Southwest, N.A., Marshall, Minnesota, proposed merger with the Marshall Branch of First Minnesota Savings Bank, FSB, Minneapolis, Minnesota — report on competitive factors. Submitted, October 3, 1990. Minneapolis Norwest Bank Minnesota Southwest, N.A., Marshall, Minnesota, proposed merger with the Canby Branch First Minnesota — report on competitive factors. Submitted, October 3, 1990. H.2 SEPTEMBER 30, 1990 PAGE 8 TO OCTOBER 5, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco Palm Desert National Bank, Palm Desert, California, proposed purchase and assumption of the Palm Springs Branch of One Central Bank, Palm Springs, California — report on competitive factors. Submitted, October 4, 1990. Kansas City Republic Bank of Nebraska, Columbus, Nebraska, proposed acquisition of the assets and assumption of the liabilities of Commerce Savings Columbus, Inc. — report on competitive factors. Submitted, October 1, 1990. Richmond Triangle Bank and Trust Company, Raleigh, North Carolina, proposed merger with Enterprise Bank, N.A. — report on competitive factors. Submitted, October 1, 1990. EXTENSIONS 0£ U M E Chicago Bank of Montreal, Montreal, Canada — extension to December 17, 1990, to engage in underwriting and dealing in debt and equity securities through Nesbitt Thomson Securities, Inc. Granted, October 3, 1990. San Francisco Bank of Tokyo, Ltd., Tokyo, Japan — extension to December 4, 1990, to engage in certain securities related, foreign exchange, and investment advisory activities through BOT Securities, Inc., New York, New York. Granted, October 2, 1990. San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, October 1, 1990. San Francisco Cascade Bancorp, Bend, Oregon — extension to January 24, 1991, to acquire Bank of The Cascades. Granted, October 1, 1990. San Francisco First Interstate Bancorp, Los Angeles, California — extensions to divest certain properties. Granted, October 1, 1990. H.2 SEPTEMBER 30, 1990 PAGE 9 TO OCTOBER 5, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME San Francisco First Security Corporation, Salt Lake City, Utah — extension to January 17, 1991, to acquire Utah Deseret Mortgage Corporation, Orem, Utah, and engage in mortgage activities. Granted, October 5, 1990. San Francisco First Seven Day Financial, Inc., Lancaster, California — extension to January 27, 1991, to acquire Antelope Valley Bank. Granted, October 3, 1990. Chicago Marshall & Ilsley Corporation, Milwaukee, Wisconsin — extension to May 1, 1991, to acquire M&I Bank of Oconomowoc, Oconomowoc, Wisconsin. Granted, October 5, 1990. Atlanta North Fulton Bancshares, Inc., Roswell, Georgia — extension to January 27, 1991, to acquire Milton National Bank. Granted, October 5, 1990. S t . Louis U.S.B. Corporation, Washington, Indiana — extension to January 18, 1991, to merge with Martinco Financial Corp., Shoals, Indiana, and acquire the Martin County Bank. Granted, October 5, 1990. INTERNATIONAL OPERATIONS Staff Director BS&R U.S. Bancorp, Portland, Oregon — amendment of articles of association to change location of its head office and branch offices from specific street addresses within a city to the city in general. Approved, October 4, 1990. H.2 SEPTEMBER 30, 1990 PAGE 10 TO OCTOBER 5, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY MEMBERSHIP Chicago FMB - State Savings Bank, Lowell, Michigan — membership in the Federal Reserve System. Withdrawn, October 1, 1990. Chicago Liberty State Bank & Trust, Troy, Michigan — membership in the Federal Reserve System. Withdrawn, October 1, 1990. Minneapolis Montana Bank of Butte, Butte, Montana — member of the Federal Reserve System. Approved, October 5, 1990. Richmond Rockingham Heritage Bank, Harrisonburg, Virginia — to become a member of the Federal Reserve System. Approved, October 1, 1990. to become a REGULATIONS AND POLICIES Secretary FOMC Federal Open Market Committee — policy record for the meeting of August 21, 1990. Published, October 5, 1990. Secretary Rules Regarding Delegation of Authority — to conform a reference to the BoardTs Rules Regarding Availability of Information. Approved, October 3, 1990. H .2 SEPTEMBER 30, 1990 PAGE 11 ADDITIONS AND CORRECTIONS TO OCTOBER 5, 1990 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Comerica Incorporated, Detroit, Michigan — to establish Comerica Interim Federal Savings Bank, which is being formed to facilitate the purchase of the assets and assumption of the liabilities of the branches of Empire Federal Savings Bank of America, Buffalo, New York. Approved, September 28, 1990. F E D E R A L R E S E R V E BANK OF BOSTON A P P L I C A T I O N S SE C T I O N I ~ APPLIC A T I O N S S U BJECT TO N E W S P A P E R N O TICE ONLY Application C omment P e r i o d E n d i n g Date NONE S E C T I O N II - APPLIC A T I O N S S U BJECT TO B OTH N E W S P A P E R A N D FE D E R A L R E G I S T E R N O T I C E Application C omment P e r i o d E n d i n g Date Grove Bancorp, Inc., Brighton, M a s s a c h u s e t t s 3(a)(1) a p p l i c a t i o n to acquire Grove B a n k for Savings, Brighton, Ma s s a c h u s e t t s * Newspaper 10-27-90 Federal R e g i s t e r 10-25-90 SE C T I O N III ~ A P PLICATIONS S U B J E C T TO F E D E R A L R E G I S T E R N O TICE ONLY Ap p l i c a t i o n C omment P e r i o d E n d i n g Date NONE S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T TO F E D E R A L R E G I S T E R OR N E W S P A P E R N O T I C E Ap p l i c a t i o n NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only_________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice Eurocapital, S.A. and Banco Europeo de Finanzas, S.A., both of Madrid, Spain to became bank holding companies with respect to First Community Trust Company, San Juan (Hato Rey), Puerto Rico. 1/ 10/16/90 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Barclays PLC and Barclays Bank PIC, both England, to engage de novo through their Barclays de Zoete Wedd Securities, Inc., New York, in underwriting and dealing in ties to a limited extent. of London, subsidiary, New York, equity securi Osterreichische Landerbank Aktiengesellschaft, Vienna, Austria, to acquire shares of Roley, Nichols Capital Group, Inc., Los Angeles, California, and its subsi diaries, and thereby to engage in providing portfolio investment advice and certain limited shareholder servicing functions to several pen-end investment companies. N/A N/A SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ 4/ 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 may be specified in the Federal Register notice. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. F E DERAL R E S E R V E B A N K OF P H I L A D E L P H I A SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank, Reading, PA requests permission to establish a remote service facility located at the Strawberry Square Thirftway, 29th & Dauphin Streets, Phila., PA, Secretary Delegated 10/25/90 Meridian Bank, Reading, PA requests permission to establish a remote service facility located at the Plymouth Meeting Mall, 500 Germantown Pike, Plymouth, PA. Secretary Delegated 10/25/90 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date First Bath Coro.. Bath, PA requests permission for John Troxell, Jr. to acquire 15% of the shares of First Bath Corp., pursuant to the Change in Bank Control Act. Federal Register: Newspaper: N/A 9/27/90 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. F ed eral R e s e r v e B an k o f C le v e la n d Applications Bulletin For Week Ending October 6, 1990 SECTION I APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY COMMENT PERIOD ENDING APPLICATION Received application on September 27, 1990 from The Fifth Third Bank, Cincinnati, Ohio, for permission to establish 70 separate CBCT branches in various cities throughout the State of Ohio. Received application on October 5, 1990 from The Ohio Bank, Findlay, Ohio, to merge with Citizens Community Bank, Mount Blanchard, Ohio, pursuant to Section 18(c) of the Federal Deposit Insurance Act and Section 9 of the Federal Reserve Act. * November 3, 1990 * Not Yet Known # SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period Applications Bulletin For Week Ending October 6, 1990 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received application on October 4, 1990 from Enterprise Bank, Solon, Ohio, a de novo institution, for permission to become a member of the Federal Reserve System pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. * # N F - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period F e d e r a l R e s e r v e Bank o f Richm ond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Crestar Bank, Richmond, Virginia, to merge with Community Trust Bank, Portsmouth, Virginia.* 10-22-90 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date David B. Lilly, Sr., Notice of Change in Control with respect to Harvest Bancorp, Inc., Hamilton, Virginia. Not yet available. Section III - Applications Subject to Federal Register Notice Application First North loans First Comment Period Ending Date Union Corporation, Charlotte, Carolina, to engage in brokering and leases through its subsidiary, Union Securities, Inc. Signet Banking Corporation, Richmond, Virginia, to serve as investment adviser to investment companies registered under the Investment Company Act of 1940, through its subsidiary, Signet Trust Company. Not yet available. Not yet available. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ■^Application is subject to CRA. Federal Re s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k E n d i n g O c t o b e r 12. 1990 S e c t i o n I - A p p l i c a t i o n s S u bject to N e w s p a p e r N o t i c e O n l y Application C o m m e n t P e r i o d E n d i n g Date S o vran B a n k / C e n t r a l S o u t h Nashville, T e n n e s s e e To e s t a b l i s h two full service A TM's at 441 and 445 W a l d r o n Road, Lavergne, Tennessee, to be k n o w n as the W a l d r o n R o a d ATMs. 10-12-90 (CRA) Newspaper Se c t i o n II - A p p l i c a t i o n s S u bject To B oth N e w s p a p e r and Federal R e g i s t e r N o t i c e Application C o m m e n t P e r i o d E n d i n g Date Farmers N a t i o n a l Bancshares, Inc. Opelika, A l a b a m a Change in control b y Farmers National Bank of O p e l i k a E m p l o y e e St o c k O w n e r s h i p Plan, Opelika, Alabama, to ac q u i r e 10.1 pe r c e n t of the o u t s t a n d i n g shares of c o mmon stock. BJC Holdings, Inc. Graceville, F l o r i d a 1-BHC formation, B a n k of J a c k s o n County, Graceville, Florida. 10-24-90 F e deral R e g i s t e r South F l orida B a n k H o l d i n g Co r p o r a t i o n Fort Myers, Flor i d a 1-BHC formation, S o u t h F l orida Bank, Fort Myers, Florida. S ection III - A p p l i c a t i o n s S ubject To Federal R e g i s t e r N o t i c e O n l y Application Lowndes Bancshares, Inc. Hahira, G e o r g i a To e n g a g e de n o v o in d a t a p r o c e s s i n g and t r a n s m i s s i o n ser v i c e s t h r o u g h G o l dleaf Technologies, Inc., Hahira, Georgia, p u r s u a n t to s ection 225.25(b)(7) of R e g u l a t i o n Y. Section IV - A p plications Not Subject To Federal R e g i s t e r Notice Or Newspaper Notice A pplication Jefferson Bancshares, Inc. L o w n d e s , Georgia Commitment w a i v e r request. Federal Reserve Bank of Chicago Type Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Merger State Bank of Croswell Croswell, Michigan Port Huron Branch of First Federal Savings Bank & Trust Port Huron, Michigan* NP - 10-31-90 Branch Marine Bank of Springfield Springfield, Illinois Clear Lake Avenue & Dir keen Parkway Springfield, Illinois* NP - ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application CoC-HC The Baraboo Bancorporation, Inc. Baraboo, Wisconsin Merlin E. Zitzner FR - 10-16-90 N - 8-14-90 CoC-BK Liberty Bank Milwaukee, Wisconsin Liberty Bank Stock Bonus Plan and Trust Milwaukee, Wisconsin FR - 10-18-90 N - 9-26-90 Y-2 Valley Bancorporation Appleton, Wisconsin Independent Community Bancshares, Inc. Kiel, Wisconsin The Citizens State Bank Kiel, Wisconsin* FR - 10-1-90 N - 10-27-90 Y-2 First National Bancorp, Inc. Joliet, Illinois Bank of Lockport Lockport, Illinois* FR - 10-25-90 N - 9-17-90 Y-l FSB Bancorp, Inc. Pound, Wisconsin Farmers State Bank Pound, Wisconsin* FR - 10-16-90 N - 10-12-90 Y-2 Pinnacle Banc Group, Inc. Oak Brook, Illinois The Berwyn National Bank Berwyn, Illinois* FR - 10-24-90 N - 9-13-90 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date Type Application Y-l Royal American Corporation Inverness, Illinois Royal American Bank (in organization) Inverness, Illinois* FR - 10-24-90 N - ** Y-2 INB Financial Corporation Indianapolis, Indiana F L & T Financial Corporation Columbia City, Indiana The Farmers Loan and Trust Company Columbia City, Indiana* FR - 10-25-90 N - ** Y-l TNB Bancorp, Inc. Tuscola, Illinois Tuscola National Bank Tuscola, Illinois* FR - 10-24-90 N - 10-13-90 Y-2 First Michigan Bank Corporation Holland, Michigan FMB-Trust and Financial Services, National Association Holland, Michigan (in organization)* FR - ** N - 10-27-90 Y-2 WON Bancorp, Inc. Wisconsin Rapids, Wisconsin Community State Bancshares, Inc. Wisconsin Rapids, Wisconsin Community State Bank Wisconsin Rapids, Wisconsin* FR - 10-25-90 N - ** CoC-HC Libanco, Inc. Gowrie, Iowa Judith A. Lindquist; Nels A. Lindquist and Anita W. Lindquist FR - ** N - 11-1-90 Y-l Libanco, Inc. Gowrie, Iowa The First State Bank of Gowrie Gowrie, Iowa* FR - 11-6-90 N - 10-15-90 Y-2 Valley Bancorporation Appleton, Wisconsin Exchange-State Bank of La Crosse La Crosse, Wisconsin* FR - 11-6-90 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 Peotone Bancorp, Inc. Peotone, Illinois Founders Bancorp, Inc. Scottsdale, Arizona Founders Bank of Arizona Scottsdale, Arizona* FR - 11-6-90 N - ** Y-2 Scott County Bancorp, Inc. Winchester, Illinois Founders Bancorp, Inc. Scottsdale, Arizona Founders Bank of Arizona Scottsdale, Arizona* FR - 11-6-90 N - ** Y-2 Terrapin Bancorp, Inc. Elizabeth, Illinois Founders Bancorp, Inc. Scottsdale, Arizona Founders Bank of Arizona Scottsdale, Arizona* PH - 11-6-90 N - ** Y-l Mascouten Bancorp, Inc. Beardstown, Illinois The First National Bank of Beardstown Beardstown, I1linois* Y-2 First Peoria Corp. FR - ** Peoria, Illinois N - 11-2-90 The Tazewell County National Bank of Delavan Delavan, Illinois* Y-2 First Michigan Bank Corporation Holland, Michigan Maynard-Allen State Bank Portland, Michigan* FR - ** N - ** FR - ** N - ** Federal Reserve Bank of Chicago Type action III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application 4(c)(8) Amsterdam-Rotterdam Bank N.V. Amsterdam, The Netherlands To acquire certain assets and liabilities of NSR Asset Management Corporation New York, New York FR - 10-9-90 4(c)(8) Stichting Amro Amsterdam, The Netherlands To acquire certain assets and liabilities of NSR Asset Management Corporation New York, New York FR - 10-9-90 4(c)(8) ABN/AMRO Holding N.V. Amsterdam, The Netherlands To acquire certain assets and liabilities of NSR Asset Management Corporation New York, New York FR - 10-9-90 4(c)(8) Stichting Administratiekantoor ABN-AMRO Holding Amsterdam, The Netherlands To acquire certain assets and liabilities of NSR Asset Management Corporation New York, New York FR - 10-9-90 4(c)(8) Stichting Prioriteit ABN-AMRO Holding Amsterdam, The Netherlands To acquire certain assets and liabilities of NSR Asset Management Corporation New York, New York FR - 10-9-90 4(c)(8) NBD Bancorp, Inc. Detroit, Michigan NBD Financial Services of Michigan, Inc. Detroit, Michigan - act as investment or financial adviser to the extent of providing portfolio investment advice to institutional investors FR - 10-25-90 4(c)(8) First Chicago Corporation Chicago, Illinois Brinson Trust Company Chicago, Illinois FR - 10-24-90 4(c)(8) Peotone Bancorp, Inc. Peotone, Illinois General insurance activity in town with population of less than 5,000 FR - 10-16-90 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Continued Comment Period Ending Date Type Application 4(c)(8) Rock River Bancorporation Oregon, Illinois General insurance activity in town with population of less than 5,000 FR - 10-16-90 4(c)(8) United Community Financial Corporation Way land, Michigan To acquire certain assets of LaValley Associates, Inc., Wayland, Michigan, a general insurance agency FR - 10-15-90 Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Libanco, Inc. Gowrie, Iowa to redeem 3,460 shares of its common stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time F e d e r a l R e se rv e Bank o f S t . O c to b e r 5, 1990 L o u is SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period * Section 3(a)(3) application by First State Bancshares, Inc., Farmington, Missouri, to acquire First State Bank of St. Francois County, Bonne Terre, Missouri, a de novo bank (Newspaper 10-21-90) * Section 3(a)(3) application by First Bank Corp., Fort Smith, Arkansas, to acquire Sequoyah County Bancshares, Inc., Sallisaw, Oklahoma (Newspaper 10-29-90) * Section 3(a)(3) application by First of Searcy, Inc., Searcy, Arkansas, to acquire Citizens Bancshares of Beebe, Inc., Beebe, Arkansas (Newspaper 11-1-90) * Section 3(a)(1) application by Paloma Bancshares, Inc., Paloma, Illinois, to acquire Paloma Exchange Bank, Paloma, Illinois (Newspaper 10-31-90) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE None 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 Marquette Bank Apple Valley, To establish a in Burnsville, Apple ValleyMN de novo branch MN* Not yet available Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Fishback Insurance Agency, Inc. Brookings, SD To acquire the Community State Bank of Stockholm, Stockholm, SD and the First National Bank of White, White, SD* Not yet available Philip, Paul, Perry and John Forstrom To increase their ownership interest to a total of 100% of Forstrom Bancor poration, Inc., Clara City, MN Not yet available Norwest Corporation Minneapolis, MN To acquire, via merger, 100% of United Banks of Colorado, Inc., Denver, Colorado* 10-31-90 (Newspaper) Hettinger Holding Company, Inc. Fargo, ND To acquire First National Bank of Hettinger, Hettinger, ND* Not yet available Kent Harrington To increase his ownership from 16.08% to 16.76% of Plainview Bankshares, Inc., Plainview, MN Not yet available *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Garfield County Bancshares, Inc. Jordan, MT To engage de novo in conducting lending activities. The activity will be conducted in Jordan, MT Not yet available Garfield County Bancshares, Inc. Jordan, MT To engage de novo in conducting appraisals of real and personal property. The activity will be conducted in Jordan, MT Not yet available Midwest R&S Corporation Brookings, SD To continue to engage directly in general insurance agency activities. The activity will be conducted in Brookings, SD. 9-11-90 Norwest Corporation Minneapolis, MN To engage in data processing activities through the acquisition o-f United Banks Service Company, Englewood, CO; to en gage in commercial finance activities through the acquisition of United Banks Financial Services Corporation, Denver, CO; to engage in insurance agency acti vities through the acquisition of United Banks Insurance Services, Denver, CO and Lincoln Agency, Inc./Phoenix Arizona, Tempe, AZ; and to engage in underwriting and reinsurance of credit life, accident and health insurance through the acqui sition of IntraWest Insurance Company, Denver, CO and Fidelity National life Insurance Company, Denver, CO. Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Jacob Schmidt Company and American Bancorporation, Inc., St. Paul, MN To engage de novo in operating a savings association through the acquisition of Commercial Federal Savings Association, St. Paul, MN Jacob Schmidt Company and American Bancorporation, Inc., St. Paul, MN To engage de novo in operating a savings association through the acquisition of American Federal Savings Association, St. Paul, MN Bank Shares Incorporated Minneapolis, MN To engage de novo in operating a savings association through the acquisition of Marquette Savings Bank, f.s.b., Minneapolis, Mn Federal Reserve Bank o f Kansas City SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER N O TICE ONLY A P P LICATION COMMENT PERI O D ENDING DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE A P P LICATION COMMENT PERIOD ENDING DATE FirstBank Holding Company Employee Stock Ownership Plan, Lakewood, Colorado, for prior approval to become a bank holding company through the acquisition of 29.1 percent of the voting shares of FirstBank Holding Company of Colorado, Lakewood, Colorado.* Not Ava i l a b l e First Norton Corporation, Norton, Kansas, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of First Security Bank and Trust Company, Norton, Kansas.* Not A v a ilable SCB Financial Corporation, Smith Center, Kansas, for prior approval to acquire 100 percent of the voting shares of Lull and Rush Agency, Inc., L e b a n o n , K a n s a s .* Not Av a i l a b l e First National Bankshares, Inc., Garden City, Kansas, for prior approval to become a bank holding company through the acquisition of 51 percent of the voting shares of First National Bank in Lamar, Lamar, Colorado.* Not A v a ilable W hitco rp Financial Company, Leoti, Kansas, for prior approval to acquire 100 percent of the voting shares of First National Bankshares, Inc., Lamar, Colorado.* Not A v ailable SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGI S T E R NOTICE ONLY APPLICATION None. COMMENT PERIOD ENDING DATE Federal Reserve Bank o f Kansas City SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER N O T I C E OR NEWSPAPER NOTICE AP P L I C A T I O N None. *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 1, 1990 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NOTICE EXP APPLICATION None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ♦Section 3(a)(3) application by Heritage Financial Corporation, Ruston, LA, to acquire Heritage Bank of Natchitoches, Natchitoches, LA, a de novo institution formed to acquire certain assets and assume the liabilities of Peoples Bank & Trust Company, Natchitoches, LA (Emergency acquisition) ** NOTICE EXP None required ♦Section 3(a)(3) application by Morton Financial Corporation, Morton, TX, to acquire South Plains National Bank, Levelland, TX 90/10/27 ♦Section 3(a)(5) application by Plains Bancorp, Inc., Dimmitt, TX, to acquire Seagraves Bancshares, Inc., Seagraves, TX 90/11/05 ♦Section 3(a)(1) application by Fidelity Bancorporation, Inc., Dover, DE, to acquire Fidelity Bank, Fort Worth, TX 90/10/03 ♦Section 3(a)(1) application by Plains Bancorp Delaware, Inc., Wilmington, DE, to acquire The First State Bank of Dimmitt, Dimmitt, TX 90/11/05 ♦Section 3(a)(1) application by First National Bank of New Boston ESOP, New Boston, TX, to acquire New Boston Bancshares, Inc., New Boston, TX, and First National Bank of New Boston, New Boston, TX 90/11/05 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. 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. FEUKAL RESERVE BANK OF SAN FRANdSOD Week ending 10/05/90 Section I - Applications Subject to Newspaper Notice Only Application Ocmtnent Period Ending Date Security Pacific Corporation, Los Angeles, California, to alter a clearing, custody and financing agreement with Boston Safe Deposit and Trust Ocnpany, Boston, Massachusetts, and to assume lease obligations of Boston Safe Clearing Carp., New York, New York, through Security Pacific Clearing & Services Corp., New York, New York. Newspaper: 10/07/90 Section II - Applications Subject to Both Newspaper and Federal Register Notice CETCO Enterprises, Incorporated, Eugene, Oregon, to become a bank holding ocnpany through the acquisition of Liberty Savings Bank, Eugene, Oregon. * C.N. Bancorp, Ltd., San Francisco, California, to acquire Alvarado Bank, Richmond, California. * Dr. Roger C.S. Lin, Honolulu, Hawaii, to acquire 100 percent of EastWest Financial Group, Inc., Honolulu, Hawaii. E. Paul DeTray, Lacey, Washington, to acquire First Ccranunity Bancorp, Lacey, Washington. Fed. Peer.: 10/16/90 Newspaper: Not available Fed. Rea.: 10/25/90 Newspaper: Not available Fed. Rea.: 10/18/90 Newspaper: 10/16/90 Fed. Rea.: 10/29/90 Newspaper: Not available Section III - Applications Subject to Federal Register Notice Only The Mitsubishi Bank, Limited, Tokyo, Japan, to engage in a full range of swap activities and related advising through Mitsubishi Capital Market Services, Inc., New York, New York. Fed. Rea.: Not yet published Banque Nationale de Paris, Paris, France, to retain 100 percent of the voting shares of BAII Capital Markets, Inc., New York, New York. Fed. Reg.: 11/05/90 West Coast Bancorp, Portland, Oregon, to engage novo, directly, in making, acquiring, servicing and brokering of loans and leasing personal or real property. Fed. Reg.: 11/06/90 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CBA.
@FedFRASER