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RESEABttttMlEUttNT
BOARD OF Q^VEP^JORS

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FEDERAL RESERVE SYSTEM

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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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102