The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
announcement BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1988, No. 41 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending October 8, 1988. ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES Fleet / Norstar Financial Group, Inc., Providence, Rhode Island, and Fleet / Norstar New York, Inc., Albany, New York — to underwrite and deal in ineligible securities to a limited extent through Adams, McEntee & Co., Inc., New York, New York. Approved, October 3, 1988. 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 BRANCHES, DOMESTIC Richmond Central Fidelity Bank, Richmond, Virginia — establish a branch at 455 Merrimac Trail, Williamsburg, Virginia. Approved, October 7, 1988. Cleveland Chase Bank of Ohio, Columbus, Ohio — to establish a branch at Metro Place South and Frantz Road, Columbus, Ohio. Approved, October 3, 1988. New York Chemical Bank, New York, New York — to establish an offsite electronic facility at Colgate Palmolive, 300 Park Avenue. Approved, October 3, 1988. New York Schenectady Trust Company, Schenectady, New York — to establish a branch at Newton Plaza, 588 Loudon Road, Colonie, New York. Approved, October 3, 1988. Richmond Virginia Bank and — to establish U.S. Highway 58 Approved, October to Trust Company, Danville, Virginia a branch at the intersection of East and Airport Drive. 6, 1988. H.2 J OCTOBER 3, 1988 PAGE 2 TO OCTOBER 7, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES New York Bank of Bermuda Ltd., Hamilton, Bermuda, and Bermuda (U.S.) Holdings Ltd., Dover, Delaware — to acquire Bank of Bermuda (New York) Ltd., New York, New York Returned, October 7, 1988. Philadelphia Bankvest, Inc., Wilkes-Barre, Pennsylvania — acquire Princeton Bank of Pennsylvania, Philadelphia, Pennsylvania. Withdrawn, October 7, 1988. Atlanta Chattahoochee Bancorp, Inc., Atlanta, Georgia — to acquire The Buckhead Bank, and to merge with The Chattahoochee Financial Corporation, Marietta, Georgia, and acquire its banking and nonbanking subsidiaries. Approved, October 7, 1988. New York E.N.B. Holding Company, Inc., Ellenville, New York — to acquire Ellenville National Bank. Approved, October 7, 1988. Dallas Fidelity Bancshares, Inc., Fort Worth, Texas — acquire Fidelity Bank. Approved, October 6, 1988. Kansas City First Farm Credit Corporation, Custer City, Oklahoma — to engage de novo in loan activities. Withdrawn, October 4, 1988. Minneapolis First Valley BankCorp., Seeley Lake, Montana — acquire First Valley Bank. Approved, October 3, 1988. Atlanta Florida First International Corporation, Hollywood, Florida — to acquire Florida First International Bank. Withdrawn, October 4, 1988. Chicago Grand Bank Financial Corporation, Grand Rapids, Michigan — to acquire Grand Bank. Approved, October 7, 1988. Chicago Great Lakes Financial Resources, Inc., Blue Island, Illinois — to acquire Homewood Holdings, Inc., Homewood, Illinois, and Bank of Homewood. Approved, October 7, 1988. to to to H.2 OCTOBER 3, 1988 PAGE 3 TO OCTOBER 7, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Hale Banking Corporation, Hale, Michigan — to acquire Farmers & Merchants State Bank of Hale. Returned, October 3, 1988. New York High Point Financial Corp., Branchville, New Jersey — to acquire The Pocono Bank, Milford, Pennsylvania. Approved, October 7, 1988. Chicago Iowa National Bancshares, Corp., Waterloo, Iowa — acquire Oelwein State Bank, Oelwein, Iowa. Approved, October 4, 1988. Chicago Manufacturers National Corporation, Detroit, Michigan, and Affiliated Banc Group, Inc., Morton Grove, Illinois — to acquire Affiliated Bank/Chicago, Chicago, Illinois. Approved, October 6, 1988. Secretary Midwest Bankshares, Inc., Colby, Kansas — to acquire First Belleville Bankshares, Inc., Belleville, Kansas, and First National Bank in Belleville. Approved, October 7, 1988. Kansas City Morrill Bancshares, Inc., Sabetha, Kansas — to acquire Morrill & Janes Bancshares, Inc., Hiawatha, Kansas, and Morrill 8 Janes Bank and Trust Company. Approved, October 4, 1988. New York National Community Banks, Inc., Maywood, New Jersey, to acquire National Community Bank of New Jersey, Rutherford, New Jersey. Approved, October 4, 1988. to General Counsel NCNB Corporation, Charlotte, North Carolina — exemption from section 23A of the Federal Reserve Act to permit transactions between its bank subsidiaries and NCNB Texas National Bank. Approved, October 4, 1988. St. Louis Vista Bancorporation, Van Buren, Arkansas — acquire Citizens Bank and Trust Company. Approved, October 5, 1988. to H.2 OCTOBER 3, 1988 PAGE 4 TO OCTOBER 7, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Boston Warren Bancorp, Inc., Peabody, Massachusetts — acquire Beverly National Corp., Beverly, Massachusetts. Approved, October 6, 1988. St. Louis Waterloo Bancshares, Inc., Waterloo, Illinois — to acquire the successor by merger to Commercial State Bank of Waterloo. Approved, October 5, 1988. to BANK MERGERS Richmond First Virginia Bank - South Central, Amherst, Virginia — to acquire certain assets and assumption of liabilities of two branches of Colonial American National Bank, Roanoke, Virginia, located in Lynchburg, Virginia. Approved, October 4, 1988. BANK PREMISES Cleveland Chase Bank of Ohio, Columbus, Ohio — bank premises. Approved, October 3, 1988. investment in CAPITAL STOCK Kansas City Circle Management Company, Kearney, Nebraska — redemption of shares. Approved, October 6, 1988. St. Louis Crockett County Bancshares, Inc., Bells, Tennessee — redemption of shares. Approved, October 4, 1988. CHANGE IN BANK CONTROL Kansas City Arkansas Valley Bancshares* Inc., Broken Arrow, Oklahoma — change in bank control. Permitted, October 7, 1988. St. Louis Crockett County Bancshares, Inc., Bells, Tennessee — change in bank control. Permitted, October 4, 1988. H.2 OCTOBER 3, 1988 PAGE 5 TO OCTOBER 7, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL St. Louis First Midwest Bankshares, Inc., Princeton, Kentucky — change in bank control. Permitted, October 5, 1988. San Francisco HNB Financial Group, Huntington Beach, California — change in bank control. Permitted, October 6, 1988. Philadelphia Lake Ariel Bancorp, Inc., Lake Ariel, Pennsylvania — change in bank control. Permitted, October 6, 1988. San Francisco Pacific Inland Bancorp, Anaheim, California — in bank control. Withdrawn, October 5, 1988. change COMPETITIVE FACTORS REPORTS Philadelphia Atco National Bank, Waterford Township, New Jersey, proposed merger with Equity National Bank — report on competitive factors. Submitted, October 4, 1988. Atlanta The Bank of Covington, Covington, Georgia, proposed merger with Covington Acquisition Corporation — report on competitive factors. Submitted, October 3, 1988. San Francisco Bank of Stockton, Stockton, California, proposed merger with Stockton Merger Corporation — report on competitive factors. Submitted, October 4, 1988. Cleveland Bank One, Carmel, National Association, Carmel, Indiana, proposed merger with Bank One, Indianapolis, Indiana — report on competitive factors• Submitted, October 4, 1988. Atlanta Barnett Bank of St. Johns County, St. Augustine, Florida, proposed merger with Barnett Bank of Putnam County, Palatka, Florida — report on competitive factors. Submitted, October 5, 1988. H.2 OCTOBER 3, 1988 PAGE 6 TO OCTOBER 7, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas Charter National Bank - Southwest, Houston, Texas, proposed merger with Charter National Bank Houston — report on competitive factors. Submitted, October 7, 1988. Minneapolis Citibank (South Dakota), N.A., Sioux Falls, South Dakota, proposed purchase of the assets of Delaware Bridge Bank, N.A., Newark, Delaware — report on competitive factors. Submitted, October 5, 1988. Richmond Community Bank & Trust, National Association, Fairmont, West Virginia, proposed merger with Community Bank & Trust-Stonewall, National Association, Weston, West Virginia — report on competitive factors. Submitted, October 7, 1988. Atlanta Empire Banking Company, Homerville, Georgia, proposed merger with Empire Interim, Inc. — report on competitive factors. Submitted, October 5, 1988. Secretary First Interstate Bank of Washington, N.A., Seattle, Washington, proposed merger with Bank of Spokane, Spokane, Washington — report on competitive factors• Submitted, October 5, 1988. Philadelphia The First National Bank of New Jersey, Penns Grove, New Jersey, proposed purchase of certain assets and assumption of certain liabilities of three branches of New Jersey National Bank, Pennington, New Jersey — report on competitive factors. Submitted, October 5, 1988. Philadelphia The First National Bank of Toms River, N.J., Toms River, New Jersey, proposed purchase of certain assets and assumption of liabilities of four branches of New Jersey National Bank, Pennington, New Jersey — report on competitive factors. Submitted, October 4, 1988. H.2 OCTOBER 3, 1988 PAGE 7 TO OCTOBER 7, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia Lafayette Trust Company, Easton, Pennsylvania, proposed merger with The Pen Argyl National Bank, Pen Argyl* Pennsylvania — report on competitive factors. Submitted* October 4* 1988. Chicago Mason City National Bank* Mason City* Illinois* proposed merger with M.C. National Bank — report on competitive factors. Submitted* October 5* 1988. Boston National Bank of Canaan* Canaan* Connecticut* proposed merger with The Canaan National Bank — report on competitive factors. Submitted* October 7* 1988. San Francisco NBR Interim National Bank, Santa Rosa, California, proposed merger with Redwood Empire Bancorp — report on competitive factors. Submitted* October 4* 1988. Chicago Oelwein State Bank* Oelwein* Iowa* proposed merger with OSB State Bank — report on competitive factors. Submitted* October 5* 1988. Boston Park West Bank and Trust Company* West Springfield* Massachusetts* proposed merger with Chicopee Co-operative Bank* Chicopee* Massachusetts — report on competitive factors. Submitted* October 6* 1988. New York Southold Savings Bank* Southold* New York* proposed purchase of certain assets and assumption of certain liabilities of Chemical BankTs branch offices at Main and Washington Streets* Sag Harbor* New York — report on competitive factors. Submitted* October 5* 1988. H.2 OCTOBER 3, 1988 PAGE 8 TO OCTOBER 7, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago A.B.N. - Stichting, Amsterdam, The Netherlands; Algemene Bank Nederland, N.A.; ABN / LaSalle North America, Inc., Wilmington, Delaware; and LaSalle National Corporation, Chicago, Illinois, — extension to December 3, 1988, to engage de novo in credit related insurance through LaSalle Insurance Company, Inc. Granted, October 6, 1988. San Francisco Bancal Tri - State Corporation, San Francisco, California — extension to divest certain property. Granted, October 4, 1988. San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain properties. Granted, October 7, 1988. Philadelphia Comm. Bancorp, Inc., Forest City, Pennsylvania — extension to January 22, 1989, to acquire additional shares of The First National Bank of Nicholson, Nicholson, Pennsylvania. Granted, October 4, 1988. Minneapolis McLeod Bancshares, Inc., Hutchinson, Minnesota — three month extension to acquire Exchange State Bank, St. Paul, Minnesota. Granted, October 5, 1988. MEMBERSHIP Chicago Affiliated Bank / Chicago, Chicago, Illinois — to become a member of the Federal Reserve System. Approved, October 6, 1988. New York Bank of Bermuda (New York) Ltd., New York, New York — to become a Member of the Federal Reserve System. Returned, October 7, 1988. San Francisco The Bank of San Ramon, San Ramon, California — to become a member of the Federal Reserve System. Approved, October 7, 1988. H.2 OCTOBER 3, 1988 PAGE 9 TO OCTOBER 7, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Chicago — to purchase two machines and four direct access storage devices. Approved, October 5, 1988. RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Atlanta — to offer a regional advice statement service, by tape, data transmission, facsimile or phone, in all District offices. Approved, October 7, 1988. H 2 OCTOBER 3, 1988 PAGE 10 ADDITIONS AND CORRECTIONS TO OCTOBER 7, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Staff Director BS&R Allied Irish Bank pic, Dublin, Ireland — relief from restriction regarding acquisition of additional shares of First Maryland Bancorp., Baltimore, Maryland. Granted, September 20, 1988. BANK PREMISES Philadelphia Glendale Bank of Pennsylvania, Philadelphia, Pennsylvania — investment in bank premises. Approved, September 21, 1988. BANKS, NATIONAL General Counsel FirsTier Bank, N.A., Omaha, Nebraska — control determination regarding Bank of Cheyenne, Cheyenne, Wyoming. Granted, September 20, 1988. CHANGE IN BANK CONTROL Cleveland Trans - Kentucky Bancorporation, Inc., Pikeville, Kentucky — change in bank control. Permitted, September 30, 1988. H.2 OCTOBER 3, 1988 PAGE 11 ADDITIONS AND CORRECTIONS TO OCTOBER 7, 1988 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City The Farmers State Bank and Trust Company, Lexington, Nebraska, proposed acquisition of assets and assumption of liability to pay deposits of the Arnold State Bank, Arnold, Nebraska — report on competitive factors. Submitted, September 28, 1988. INTERNATIONAL OPERATIONS Staff Director BS&R Citibank Overseas Investment Corporation, New Castle, Delaware, and Consumer Services International Corporation — amendment of the articles of association to reflect the relocation from Wilmington, Delaware, to New Castle, Delaware. Approved, September 30, 1988. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Kansas City — to contract for removal of asbestos from the Bank building. Approved, September 20, 1988. FEDERAL RESERVE RANK OF POSTON APPLICATIONS SECTION I - APPLICATIONS SUR7ECT TO newspaper notice only Application Cotanent Period Ending Date NONE SECTION IT - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPIiICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Conroent Period Ending Date NONE SECTION IV - APPLICATIONS NOT SHPJBCT TO FEDERAL REGISTER O R NEWSPAPER NOTICE Application ♦♦Subject to CPA 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 CNB Bancorp, Inc., Gloversville, New York to became a bank holding company with respect to Ihe City National Bank and Trust Company of Gloversville, Gloversville, New York.l/ 10/28/88 3/ First State Bancorp, Howell, New Jersey to acquire 20% of the shares of First Washington State Bank, Washington Township, New Jersey.1/ 10/30/88 3/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Manufacturers Hanover Corporation, New York, New York to engage through its subsidiary, Manufacturers Hanover Real Estate Investment Banking Group, Inc., in certain nonbanking activities. 10/21/88 1/ 2/ 3/ 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 Federal Reserve Bank of New York Comment Period E n d i m Date Oesterreichische Landerbank AG, Vienna, Austria to engage indirectly in securities brokerage activities. 10/20/88 HCJBOO, Inc., Union City, New Jersey to engage through its subsidiary, HUB Financial Services, Inc., in mortgage banking activities. N/A SECTION IV Applications Not Involving ______ Public Comment______ None. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date First Sterling bank, to b e c o m e B a n k , Camp a member System pursuant to Reserve Section Act and Hill, of the Section SECTION II 9 of 208.4 - PA a de n o v o Federal the of _1/ 10/17/88* Reserve Federal Regulation APPLICATIONS FEDERAL H. SUBJECT TO BOTH NEWSPAPER AND REGISTER NOTICE Comment Muncy Bank approval through Trust 3(a)(1) I n c . , Muncy, a Bank acquisition Company, Section Act Financial, to b e c o m e of Muncy, of Holding The Muncy PA pursuant the Bank PA for Period Ending Date Ending Date JV Company Bank & to Holding Company - McEntee Newspaper: 10/28/88 Federal 11/2/88 SECTION Register: III - APPLICATIONS SUBJECT NOTICE TO FEDERAL REGISTER ONLY Comment Period None. SECTION IV - A P P L I C A T I O N S NOT SUBJECT TO FEDERAL OR N E W S P A P E R N OTICE None. * Republished iy Subject to satisfy to p r o v i s i o n s CRA of requirements. Community Reinvestment Ten Independence Mall, Philadelphia, PA 19106, (215) 574-6000 Act. REGISTER NOTICE Cleveland Reserve Ban}; Applications For Week Ending October 8, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING Received application on S e p t e m b e r 26, 1988 from Ohio Citizens Bank, Toledo, Ohio, for permission to establish a CBCT branch at 119 East Williams Street, Maumee, Ohio. Oc t o b e r 26, SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 3(a)(3) application on October 6, 1988 from PNC Financial Corp, Pittsburgh, Pennsylvania, to acquire The Clayton Bank & Trust Company, Clayton, * November ?, 1988 Delaware. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c)(8) application on 9/7/88 from ENB Corporation, Hermitage, Pennsylvania, through its wholly-owned subsidiary, Metropolitan Savings Bank of Youngstown, to acquire four branch offices of Household Bank, f.s.b., a savings and loan association pursuant to Section 4 of the Bank Holding Company Act. October 26, 1988 * - Subject to CRA # - Expected to end approximately 30 days from the date of receipt N - Newspaper Cement Period F — F e d e r a l Recti for,T.ierjt. T ' c r i c d 1988 Cleveland Reserve Bank Applications For Week Ending October 8, 1988 Received Section 4(c) (8) application on October 4, 1988 from Society Corporation, Cleveland, Ohio, to engage de novo through its subsidiary, Society National Trust Company, Naples, Florida, in fiduciary, agency, and custodial functions and activities as well as all other functions and activities that may be performed by a national trust company. Not Yet Known # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * - Subject to CRA # - Expected to end approximately 30 days from the date of receipt N - Newspaper Content Period F - Federal i* gister Comment Period Federal Reserve Bank of Richmond Section I — Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Signet Bank/Virginia, Richmond, Virginia, request for permission to establish a branch at 618 Denbigh Corporate Center, on Denbigh Boulevard at the intersection of Patrick Henry Boulevard, Newport News, Virginia.* * 10-31-88 Commerce Bank Corporation, College Park, Maryland, for membership in the Federal Reserve System.* Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date West-Central Bancorp, Inc., Spencer, West Virginia, for prior approval to acquire at least 51% of the voting shares of Bank of Ripley, Ripley, West Virginia.* 11-7-88 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Applicatlon is subject to CRA. October 10, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application * Garment Period Ending Date American Bancshares, Inc. Marietta, Georgia 1-EHC formation, Cobb American Bank and Trust Canpany, Marietta, Georgia. First Capital Corporation Jackson, Mississippi Change in Control by Robert Hearin to acquire up to 24.99 percent of the outstanding shares of cannon stock. Magnolia State Capital Corporation Magee, Mississippi Change in Control by Robert E. Leake & Wirt A. Yerger, Jr. to acquire an additional 24.2 percent of the outstanding shares of cannon stock, increasing total ownership to 55.4 percent. Jamestown Union Bancshares, Inc. Jamestown, Tennessee Change in Control by Willard M. Johnson to retain 4.8 percent of the outstanding shares of common stock, increasing total ownership to 17.2 percent (After-the-fact). IWin Cities Financial Services, Inc. Maryville, Tennessee Change in Control by Ben M. Robertson and Mary E. Robertson as a result of a stock redemption that will increase total ownership to 21.3 percent. Port St. Lucie National Bark Holding Carp. 10-26-88 Port St. Lucie, Florida Federal Register 1-BHC formation, Port St. Lucie National Bank, Port St. Lucie, Florida (in organization). B.H.C., Inc. 10-27-88 Arlington, Georgia Federal Register 1-BHC formation, Bosbwick Banking Canpany, Arlington, Georgia. October 10, 1988 Federal Reserve Bank of Atlanta Applications Bulletin Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Empire Bank Corp. 10-28-88 Hanerville, Georgia Newspaper 1-BHC formation, Bspire Banking Company, Hanerville, Georgia. Citizens Capital Corporation 10-26-88 Morton, Mississippi Newspaper Change in control by Ralph H. Lord to acquire an additional 43.71 percent of the outstanding shares increasing his total ownership to 57.84 percent. M & M Bancorp, Inc. 10-26-88 Ellisville, Mississippi Federal Register 1-BHC formation, M & M Financial Corporation, Laurel, Mississippi. Section IV - Application Not Subject To Federal Register Notice Or Newspaper Notice Application IV/in Cities Financial Services, Inc. Maryville, Tennessee To redeem 16,000 shares (29.6 percent) of its outstanding ca nnon stock. F e d e r a l R eserve Bank o f C h ica g o Section I - Applications Subject to newspaper Notice Only Comment Period Ending Date Type Application Branch/24A Liberty Bank-Oakland Troy, Michigan 1595-99 N. Woodward Avenue Birmingham, Michigan - $1,375,000* Membership N - ** Midwest Guaranty Bank (in organization) FR - 10-21-88 Birmingham, Michigan To become a member of the Federal Reserve System* EFT Hawkeye Bank & Trust of Des moines Des Moines, Iowa Drake University, 2901 University Avenue Des Moines, Iowa* N - 11-7-88 FK - ** EFT M&l Marshall & Ilsley Bank Milwaukee, Wisconsin Pick 'N* Save Grocery Store 10130 West Appleton, Avenue Milwaukee, Wisconsin* N - 10-21-88 FR - ** N - ** FR - ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-l Pioneer Bancorp, Inc. Chicago, Illinois Pioneer Bank & Trust Company Chicago, Illinois* FR - 10-7-88 N - 10-28-88 Y-l First Shares, Inc. Platteville, Wisconsin The First National Bank of Platteville Platteville, Wisconsin* FR - 10-21-88 N - 10-17-88 Y-2 Republic Bancorp, Inc. Ann Arbor, Michigan Republic Bank-Oakland (in organization) Bloomfield Hills, Michigan* FR - 10-14-88 N - 10-12-88 Y-l The Bancorp of Tomah, Inc. Tomah, Wisconsin First Bank of Tomah Tomah, Wisconsin* FR - 10-13-88 N - 10-11-88 F e d e r a l R e se rve Bank o f C h ica g o Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date lYP.e Application Y-2 First Interstate Corporation of Wisconsin FK - 10-14-88 Sheboygan, Wisconsin N - 10-25-88 F i r s t Interstate Bank of Northern Indiana, N.A. South Bend, Indiana* Y-2 First of America Bank Corporation Kalamazoo, Michigan Wabash Valley Bancorporation, Inc. Peru, Indiana Wabash Valley Bank and Trust Company Peru, Indiana* Y-2 Y-l CoC-HC First of America Bank Corporation-Indiana Kalamazoo, Michigan Wabash Valley Bancorporation, Inc. Peru, Indiana Wabash Valley Bank and Trust Company Peru, Indiana* Midwest Guaranty Bancorp, Inc. Detroit, Michigan Midwest Guaranty Bank (in organization) Birmingham, Michigan* Lincoln Financial Corporation Fort Wayne, Indiana Lincoln National Corporation Fort Wayne, Indiana CoC-HC Spencer Bancorporation, Inc. Spencer, Wisconsin Thomas J., Jr.; Carol J.; and David Thomas Steinmetz CoC-HC/RoS Mid-Iowa Bancshares Co. Algona, Iowa Beatrice Gilmore and to redeem 791.33 shares of common stock Y-2 NBD Bancorp, Inc. Detroit, Michigan NBD New Castle Bank (in organization) Newark, Delaware* FR - 10-26-88 N _ rt* FR - 10-26-88 N _ rt* FR - 10-21-88 H _ ** FR - ** U _ ** FR - ** N - ** FR - ** || _ rt* FR - ** II _ ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application Y-4 First Interstate Corporation of Wisconsin Sheboygan, Wisconsin Joint Venture — First Interstate Insurance Company of Wisconsin, Kohler, Wisconsin FR - 10-27-88 Y-4 Hampton Park Corporation Romeoville, Illinois Acquire certain loss assets from subsidiary banks (Palwaukee & 1st Romeoville) FR - ** 4(c)(8) Northern Trust Corporation Chicago, Illinois Northern Investment Corporation Chicago, Illinois FR - ** Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application RoS Am Tru, Inc. Whiting, Indiana To redeem 4,748 shares of common stock N FR * ** - Newspaper Federal Register Subject to provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date None. SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date * Section 3(a)(1) application by WIN Bancorp, Inc., Winchester, Illinois, to acquire Winchester National Bank, Winchester, Illinois (Newspaper 10-29-88) * Section 3(a)(1) application by Seligman Bancshares, Inc., Seligman, Missouri, to acquire Bank of Seligman, Seligman, Missouri (Newspaper 9-12-88) * Section 3(a)(1) application by Berger Bancorp, Inc., Berger, Missouri, to acquire Farmers and Merchants Bank of Berger, Berger, Missouri (Not available) Change in control notice involving Valley Capital Corporation, Cleveland, Mississippi, by Dr. S. R. Evans, Jr. (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY 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 Central Savings Bank Sault Ste. Marie, MI To establish a de novo branch in Kinross Township, MI* 11-3-88 Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application North Shore Financial Corporation Duluth, MN To acquire Airport State Bank Duluth, MN* 10- 21-88 (Federal Register) D.S. Amundson & E.J. Amundson To acquire control of 28.86Z of the voting shares of Culbertson Ban Corp, Culbertson, MT Not yet available A.D. Duncklee, John W. Brown, and Ardell Fortier To each acquire control of 16.70Z of the voting shares of Drayton Bancorp, Inc., Drayton, ND Not yet available Section III - Applications Subject to Federal Register Notice Only Application Norwest Corporation Minneapolis, MN To engage in operating a general insurance agency thru the acqui sition of Fargo Insurance Agency, Fargo, ND. The activity will be conducted in Fargo, ND. ♦Subject to CRA Comment Period Ending Date 10-19-88 FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank o f Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION C O M M E N T P E R I O D ENDING DATE None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION C O M M E N T P E R I O D E N D I N G DATE C o n w a y B anCo r p , Inc., C o n w a y S p rings, Kansas, for prior approval to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 72 p e r c e n t of the v o t i n g s hares of The S t a t e B a n k of C onway Springs, C o n w a y Springs, K a n s a s . * Not Available B r o o k e H oldings, Inc., Jewell, Kansas, for prior a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 97.93 p e r c e n t of the v o t i n g s h a r e s of C i t i z e n s S t a t e Bank, Jewell, Kansas.* Not Available S e c u r i t y Banc s h a r e s , Inc., Scott City, Kansas, for pr i o r a p p r o v a l to a c q u i r e 93.25 p e r c e n t of the v o t i n g s h a r e s of F a r m e r s St a t e Bank, Oak l e y , K a n s a s . * Not Available W h i t i n g B a n k s h a r e s , I n c . , W h iting, Kansas, for prior a p p r o v a l to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of St a t e B a n k of Lancas t e r , Lancaster, Kansas.* Not Available W i l l i a m R y n e c k Horton, Sasche, Texas, for prior a p p r o v a l to i n c r e a s e hi s p r o p o r t i o n a t e o w n e r s h i p of R a w l i n s B a n c s h a r e s , Inc., Atw ood, Kansas, by 2 8 .12 p e r c e n t to 38.32 percent. No t A v a i l a b l e Federal Reserve Bank of Kansas City E d B e r r o n g , W e a t h e r f o r d , Oklahoma, for a p p r o v a l to increase his p r o p o r t i o n a t e o w n e r s h i p of First National. B a n c s h a r e s of W e a t h e r f o r d , Inc., W e a t h e r f o r d , Oklahoma, by .71 p e r c e n t — to 15.6 8 percent. Not A v a i l a b l e New M e x i c o F i n a n c i a l Corporation, B e len, N e w M e xico, for prior a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s hares of R a n c h e r s S t a t e Bank, Belen, New Mexico.* No t A v a i l a b l e T r e n t o n T r u s t Ban c s h a r e s , Inc., T r e n t o n , M i s s o u r i , for prior a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of I n t e r i m T r e n t o n Trust Company, Trenton, Missouri.* October 26, 1988 C o m m e r c e B a n c s h a r e s , Inc., Kansas City, M i s s o u r i , for prior a p p r o v a l to a c q u i r e 1 9 . 9 p e r cent of the v o t i n g s h a r e s of Midwest F i n ancial Group, Inc., Peoria, Illinois.* O c t o b e r 30, 1988 Don C. M c N e i l l , Thomas, Oklahoma, for a p p r o v a l to increase his p r o p o r t i o n a t e o w n e r s h i p of T h o m a s B a n c s h a r e s , Inc., Thomas, Oklahoma, by 1 p e r c e n t to 21.07 percent. October 1988 21, SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION B r o o k e H o l d i n g s , Inc., Jewell, Kansas, for p r i o r approval to e n g a g e de n o v o in the sale of g e n e r a l i n s u r a n c e agency a c t i v i t i e s in a t o w n of l e s s than 5,000 persons. COMMENT PERIOD ENDING No t A v a i l a b l e DATE Federal Reserve Bank o f Kansas City S e c u r i t y B a n c s h a r e s , Inc., S c o t t City, Kansas, for prior a p p r o v a l to a c q u i r e 1 0 0 p e r c e n t of the v o t i n g s h a r e s *>f M e d l i n I n s u r a n c e Agency, Inc., O a k ley, Kansas, an d t h e r e b y e n g a g e -in g e neral i n s u r a n c e a g e n c y a c t i v i t i e s in a t o w n of l e s s t han 5,000 persons. Not Available The Stuart Family Partnership, L i n c o l n , N e b r a s k a , for p r i o r a p p r o v a l to i n d i r e c t l y e n g a g e ^e n o v o in p r o v i d i n g m a n a g e m e n t c o n s u l t i n g s e r v i c e s to d e p o s i t o r y i n s t i t u t i o n s a n d to i n d i r e c t l y e n g a g e de n o v o in p r o v i d i n g to o t h e r s f i n a n c i a l l y r e l a t e d data p r o c e s s i n g a n d data t r a n s m i s s i o n s e r v i c e s , f a c i l i t i e s , and data b a s e s , or a c c e s s to t h e m t h r o u g h F i r s t C o m m e r c e B a n c s h a r e s , Lincoln, Nebraska. October 27, 1 988 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION M c K i n s t r y , Inc., J u l e s b u r g , C o l o r a d o , for a p p r o v a l to r e t a i n 1 , 8 2 9 s h a r e s of its o w n v o t i n g c o m m o n stock. ♦ A p p l i c a t i o n is s u bject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF OCTOBER 3, 1988 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Hub Financial Corporation, Lubbock, TX to acquire City Bank, Lubbock, TX ♦Section 3(a)(1) application by Fidelity Bancshares, Inc., Fort Worth, TX to acquire Fidelity Bank, Fort Worth, Texas, a de novo Institution formed to acquire certain assets and assume the liabilities of Fidelity National Bank of Fort Worth, Fort Worth, TX (Emergency acquisition) ♦Section 3(a)(3) application by First Central Union Corporation, Granger, TX to acquire First State Bank, Temple, TX 88/11/04 None Required due to emergency 88/10/23 Change in Control Notice by Davis Venture Partners, L.P., Tulsa, OK to acquire an Interest 1n Provident Bancorp of Texas, Inc., Dallas, TX N/A Change in Control Notice by Eugene Allen, Ray J. Miller, Cecil Wimberly, Meridan, TX, to acquire an interst in Bosque Corporation, Meridan, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Section 4(c)(8) de novo notification by Western Commerce Bancshares of Carlsbad, Inc., Carlsbad, NM to acquire Bank Consultants, Inc., Carlsbad, NM (engage in providing management consulting services to depository institutions) NOTICE EXP N/A 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. Federal R eserve B ank of S an F rancisco FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 10/7/88 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Wall Street Financial Corporation, Honolulu, Hawaii, to become a bank holding company through the acquisition of at least 55% and up to 100% of SDN Bancorp, Encinatas, CA, and indirectly, control San Dieguito National Bank, Encinatas, CA. Newspaper: Fed. Reg.: 10/17/88 Not available Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER