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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1988, No* 37
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending September 10, 1988.
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
ADVISORY COUNCILS
Federal Advisory Council.
Convened, September 9, 1988.
BANK HOLDING COMPANIES
Integra Financial Corporation, Mt. Lebanon,
Pennsylvania — to become a bank holding company
through the consolidation of Union National
Corporation, and Pennbancorp, Titusville,
Pennsylvania, and to acquire their banking and
nonbanking subsidiaries.
Approved, September 7, 1988.
EXTENSIONS OF TIME
The Bank of New York, New York, New York —
to acquire Irving Bank Corporation.
Granted, September 7, 1988.
extension
REGULATIONS AND POLICIES
Regulation Y — amendment to implement the
limitations on grandfathered nonbank banks under
the Competitive Equality Banking Act of 1987
(Docket R-0637).
Approved, September 6, 1988.
TESTIMONY AND STATEMENTS
Consumer and community reinvestment provisions of
the Depository Institutions Act of 1988 —
statement by Vice Chairman Johnson before the
Senate Committee on Banking, Housing, and Urban
Affairs, September 6, 1988.
Authorized, September 6, 1988.
Financial services industry competition — statement
by Chairman Greenspan before the Subcommittee on
Monopolies and Commercial Law of the House
Committee on the Judiciary, September 14, 1988.
Published, September 9, 1988.
Insurance provisions of the Depository Institutions
Act of 1988 — testimony by Governor Heller before
the Subcommittee on Commerce, Consumer Protection
and Competitiveness of the House Committee on
Energy and Commerce, September 9, 1988.
Authorized, September 7, 1988.
H.2
SEPTEMBER 6, 1988
PAGE 2
TO
SEPTEMBER 9, 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
New York
Chemical Bank, New York, New York — to establish
branches at 100 Seventh Avenue, Brooklyn; American
Express Tower, World Financial Center, 200 Vesey
Street, New York; Thompson Industries, Inc., 167
Shore Road, Port Washington; and Hospital For Joint
Diseases, Orthopaedic Institute, 301 East 17th
Street, New York, New York.
Approved, September 6, 1988.
Minneapolis
Merchants State Bank, Freeman, South Dakota —
establish a branch in Hurley, South Dakota.
Approved, September 9, 1988.
Philadelphia
Meridian Bank, Reading, Pennsylvania — to establish
an off-site electronic facility at the Genuardi
Supermarkets, East Goshen Shopping Center, 1570
Paoli Pike, Chester, Pennsylvania.
Approved, September 7, 1988.
to
BANK HOLDING COMPANIES
Richmond
Bank Maryland Corp., Towson, Maryland — to acquire
Bay National Bank, Annapolis, Maryland.
Approved, September 9, 1988.
Chicago
Edgewood Bancshares, Inc., Countryside, Illinois —
to merge with EdgeMark Financial Corporation, and
Cosmopolitan Financial Services, and acquire
EdgeMark Bank - Lombard, Lombard; First National
Bank of Lockport, Lockport; Merchandise National
Bank of Chicago, Chicago; and EdgeMark Bank Rosemont, Rosemont, Illinois.
Approved, September 7, 1988.
New York
Fairfield County Bancorp, Inc., Stamford, Connecticut
— to acquire Bank of Stamford, Stamford,
Connecticut.
Returned, September 9, 1988.
Chicago
Findlay Bancshares, Inc., Findlay, Illinois —
engage de novo in credit related insurance.
Permitted, September 9, 1988.
to
H.2
SEPTEMBER 6, 1988
PAGE 3
TO
SEPTEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Kansas City
First Bancorporation of Holdenville, Inc.,
Holdenville, Oklahoma — to acquire Alliance Bank,
N.A., Oklahoma City, Oklahoma.
Approved, September 9, 1988.
Cleveland
First National Cincinnati Corporation, Cincinnati,
Ohio — to acquire Star Bank, N.A., Cleveland,
Ohio.
Approved, September 6, 1988.
Kansas City
First National of Nebraska, Inc., Omaha, Nebraska
to acquire Firn - Co., Inc., North Platte,
Nebraska, and The First National Bank and Trust
Company of North Platte.
Approved, September 8, 1988.
Chicago
First of America Bank Corporation, Kalamazoo,
Michigan — to acquire The State Savings Bank of
South Lyon, South Lyon, Michigan.
Approved, September 6, 1988.
Chicago
Guaranty Bankshares, Ltd., Cedar Rapids, Iowa —
acquire Guaranty Investment Co.
Returned, September 9, 1988.
Minneapolis
H & W Holding Company, Freeman, South Dakota —
acquire Merchants State Bank.
Approved, September 9, 1988.
Hew York
The Long - Term Credit Bank of Japan, Ltd., Tokyo,
Japan — to engage in lending, mortgage, trust, and
investment advisory activities.
Permitted, September 9, 1988.
to
to
General Counsel Norwest Corporation. Minneapolis. Minnesota —
petition for reconsideration of the BoardTs
approval of the application to acquire PB Bancorp,
Cedar Rapids, Iowa.
Denied, September 7, 1988.
H.2
SEPTEMBER 6, 1988
PAGE 4
TO
SEPTEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
San Francisco
PNB Financial Group* Inc.* Newport Beach* California
-- to engage de novo in mortgage banking* real
estate appraisal* and brokerage through Pacific
National Realty Finance.
Permitted* September 9* 1988.
Atlanta
SouthTrust of South Carolina* Inc.* Latta* South
Carolina* and SouthTrust of Tennessee* Inc.*
Nashville* Tennessee — to acquire Latta Bank &
Trust of Latta* South Carolina* and Meltons Bank*
Gassaway* Tennessee.
Approved* September 7* 1988.
Kansas City
Tri - County Bancshares* Inc.* Linn* Kansas —
acquire The Linn State Bank.
Approved* September 7* 1988.
Richmond
United Bankshares* Inc.* Charleston* West Virginia —
to engage de novo in loan activities through United
Venture Fund* Inc.* Parkersburg* West Virginia*
nationwide.
Permitted* September 6* 1988.
Chicago
Valley Bancorporation* Appleton* Wisconsin — to
acquire Colonial Bank* Thiensville; Colonial
National Bank - Port Washington* Port Washington;
and Colonial Bank - Richfield* Richfield*
Wisconsin.
Approved* September 9* 1988.
to
BANK MERGERS
Richmond
First Community Bank* Inc. Princeton* West Virginia*
proposed merger with The First National Bank of
Grafton* Grafton* West Virginia.
Approved* September 7* 1988.
Minneapolis
Merchants State Bank* Freeman* South Dakota — to
merge with Hurley State Bank* Hurley* South Dakota.
Approved* September 9* 1988.
H.2
SEPTEMBER 6, 1988
PAGE 5
TO
SEPTEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK MERGERS
New York
United Jersey Bank,
merge with United
Wood - Ridge, New
Approved, September
Hackensack, New Jersey — to
Jersey Bank/Wood Ridge National,
Jersey.
7, 1988.
BANK PREMISES
Staff Director
BS&R
Bank of Lenawee, Adrian, Michigan —
bank premises.
Approved, September 6, 1988.
investment in
New York
Chemical Bank, New York, New York —
bank premises.
Approved, September 6, 1988.
investments in
Director, FRBO
Gunnison Bank and Trust Company, Gunnison, Colorado
— investment in bank premises.
Approved, September 7, 1988.
Minneapolis
Merchants State Bank, Freeman, South Dakota —
investment in bank premises.
Approved, September 9, 1988.
BANKS, STATE MEMBER
S t . Louis
Lindell Trust Company, St. Louis, Missouri —
of a dividend.
Approved, September 9, 1988.
payment
CHANGE IN BANK CONTROL
Dallas
Cattleman’s Bancshares Corporation, Gordon, Texas —
change in bank control.
Permitted, September 9, 1988.
Minneapolis
Lamb’s Bancorporation, Inc., Michigan, North Dakota
— change in bank control.
Permitted, September 9, 1988.
Atlanta
Twin Cities Financial' Services, Inc., Maryville,
Tennessee — change in bank control.
Permitted, September 9, 1988.
H.2
SEPTEMBER 6, 1988
PAGE 6
TO
SEPTEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta
Bank of Adairsville, Adairsville, Georgia, proposed
merger with Adairsville Interim, Inc. — report on
competitive factors.
Submitted, September 8, 1988.
Cleveland
First & Peoples Bank* Russell, Kentucky — proposed
merger with F & P Interim Bank, Inc. — report on
competitive factors.
Submitted, September 9, 1988.
Chicago
First of America Bank - South Central, National
Association, Quincy, Michigan, proposed merger with
First of America Bank - Michigan, National
Association, Kalamazoo, Michigan — report on
compet it ive factors.
Submitted, September 8, 1988.
Cleveland
Huntington National Bank of Boone County, Burlington,
Kentucky, proposed assumption of the liability to
pay deposits of the Florence, Kentucky Branch of
First Nationwide Bank, F.S.B., San Francisco,
California — report on competitive factors.
Submitted, September 9, 1988.
Dallas
Inter National Bank of McAllen, McAllen, Texas,
proposed merger with Interim International State
Bank of McAllen — report on competitive factors.
Submitted, September 9, 1988.
San Francisco
Key Bank of Puget Sound, Seattle, Washington,
proposed purchase of certain assets and assumption
of deposit liabilities of Old Stone Bank, FSB,
Providence, Rhode Island — report on competitive
factors.
Submitted, September 7, 1988.
Atlanta
Louisiana National Bank of Baton Rouge, Baton Rouge,
Louisiana, proposed merger with First National Bank
of Shreveport, Shreveport, Louisiana — report on
competitive factors.
Submitted, September 6, 1988.
Dallas
The Peoples State Bank, Clyde, Texas, proposed merger
with Interim Peoples State Bank — report on
compet it ive factors.
Submitted, September 9, 1988.
H.2
SEPTEMBER 6, 1988
PAGE 7
TO
SEPTEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta
Quachita National Bank in Monroe, Monroe, Louisiana,
proposed merger with Premier Bank of South
Louisiana, Houma; Premier Bank, N.A., Baton Rouge;
and Premier Bank - Acadiana, N.A., Lafayette,
Louisiana — report on competitive factors.
Submitted, September 6, 1988.
Atlanta
State National Bank of New Iberia, New Iberia,
Louisiana, proposed merger with Guaranty Bank and
Trust Company, Lafayette, Louisiana — report on
competitive factors.
Submitted, September 6, 1988.
Chicago
University National Bank, Milwaukee, Wisconsin,
proposed purchase of assets and assumption of
liabilities of the Downer Avenue Branch of St.
Francis Savings and Loan Association — report on
competitive factors.
Proposed, September 6, 1988.
EXTENSIONS OF TIME
Richmond
Albright Bancorp, Inc., Kingwood, West Virginia —
extension to December 11, 1988, to acquire Albright
National Bank of Kingwood.
Granted, September 9, 1988.
Boston
Bank of New England Corporation, Boston,
Massachusetts — extension to December 11, 1988, to
engage in securities underwriting through BNE
Capital Market Company.
Granted, September 8, 1988.
Chicago
Commercial Bank, Greenville, Michigan — extension to
February 8, 1989, to establish a branch in the 5800
block of South Greenville Road.
Granted, September 7, 1988.
San Francisco
First Interstate Bancorp, Los Angeles, California —
extension to December 15, 1988, to engage de novo
in the operation of Nova Financial Services, Inc.,
Honolulu, Hawaii.
Granted, September 7, 1988.
H.2
SEPTEMBER 6* 1988
PAGE 8
TO
SEPTEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Chicago
First Wisconsin Corporation* Milwaukee* Wisconsin —
extension to December 16* 1988* to engage de novo
in expanding mortgage banking activities through RE
Services* Inc.* nationwide.
Granted* September 7* 1988.
Cleveland
Middlefield BanCorp* Middlefield* Ohio — extension
to December 8* 1988* to acquire The Middlefield
Banking Company.
Granted* September 6* 1988.
Chicago
NBD Genesee Bank* Flint* Michigan — extension to
November 1* 1988* to establish electronic facility
at Bishop International Airport* G-3425 Bristol
Road.
Granted* September 6* 1988.
Boston
Regional Bancorp* Inc.* Medford* Massachusetts —
extension to November 24* 1988* to redeem shares.
Granted* September 9* 1988.
New York
The Schenectady Trust Company* Schenectady* New York
— ■ extension to March 31* 1989* to establish a
branch at Shoppers World* Clifton* New York.
Granted* September 9* 1988.
Chicago
Security Chicago Corp.* Chicago* Illinois —
extension to November 17* 1988* to acquire Oswego
Bancshares* Inc.* Oswego* Illinois.
Granted* September 7* 1988.
San Francisco
Security Pacific Corporation* Los Angeles* California
— extension to divest certain property.
Granted* September 6* 1988.
San Francisco
Wells Fargo & Company* San Francisco, California —
extension to divest certain property.
Granted* September 6* 1988.
Atlanta
West Coast Bancorp* Inc.* Cape Coral* Florida —
extension to December 8* 1988* to acquire First
National Bank of Southwest Florida.
Granted* September 6* 1988.
H.2
SEPTEMBER 6, 1988
PAGE 9
TO
SEPTEMBER 9, 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 contract for
the purchase and installation of two new diesel
emergency power generators.
Approved* September 7* 1988.
H.2
SEPTEMBER 6, 1988
PAGE 10
ADDITIONS AND CORRECTIONS
TO
SEPTEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
S t . Louis
Mereodsia Bancorporation, Inc,. Springfield, Illinois
— to engage de novo in loan activities.
Permitted, August 24, 1988.
Atlanta
SouthTrust of Florida, Inc., St. Petersburg, Florida,
and SouthTrust Corporation, Birmingham, Alabama —
to acquire SouthTrust Estate ft Trust Company, Inc.,
South Pasadena, Florida, and engage de novo in
trust activities.
Permitted, August 17, 1988.
BANK PREMISES
Cleveland
Ohio Citizens Bank, Toledo, Ohio —
bank premises.
Approved, August 30, 1988.
investment in
CHANGE IN BANK CONTROL
Minneapolis
1st United Bancorporation, Inc., Sidney, Montana —
change in bank control.
Permitted, August 23, 1988.
COMPETITIVE FACTORS REPORTS
Atlanta
Commercial Exchange Bank, Kennesaw, Georgia, proposed
merger with Commercial Exchange Interim Corporation
— report on competitive factors.
Submitted, August 29, 1988.
Atlanta
Orange Bank, Ocoee, Florida, proposed purchase of
certain assets and assumption of liability to pay
deposits of two Orlando, Florida Branches of
American National Bank of Florida, Jacksonville,
Florida — report on competitive factors.
Submitted, September 2, 1988.
Richmond
Peninsula Bank, Princess Anne, Maryland, proposed
merger with Eastern Shore National Bank, Pocomoke
City, Maryland — report on competitive factors.
Submitted, August 31, 1988.
H.2
SEPTEMBER 6, 1988
PAGE 11
ADDITIONS AND CORRECTIONS
TO
SEPTEMBER 9, 1988
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
RESERVE BANK OPERATIONS
Director, FRBO
Federal Reserve Bank of Atlanta — to purchase
reader - sorters and related check processing
equipment.
Approved, September 2, 1988.
Director, FRBO
Federal Reserve Bank of New York — to purchase a
microfilm unit for the Buffalo Branch.
Approved, August 12, 1988.
Director, FRBO
Federal Reserve Bank of New York —
telecommunications equipment.
Approved, August 30, 1988.
Director, FRBO
Federal Reserve Bank of Philadelphia — to contract
for removal and replacement of electrical
transformers.
Approved, August 12, 1988.
to purchase
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
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
Advisors Bancorp of Boston,
Boston, Massachusetts 3(a) (1) application to
become a bank holding
company through the acquisition
of Advisors Bank and Trust,
Boston, Massachusetts**
Newspaper
Warren Bancorp, Inc., Peabody,
Massachusetts - 3(a)(3)
application to acquire up to
24.9% of Beverly National Corp.,
Beverly, Massachusetts**
Newspaper
Fleet/Norstar Financial Group,
Inc., Providence, Rhode Island
- 3(a)(5)/4(c)(8) application to
acquire Indian Head Banks, Inc.,
Nashua, New Hampshire**
Federal Register
Federal Register
09-25-88
Not Yet Established
10-01-88
Not Yet Established
Newspaper
Federal Register
10-01-88
NOt Yet Established
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Comment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
" FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
**Subject to CRA
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
____________ Notice Only_______ :
__
None.
M IK j
Applications Subject to Both
Newspaper and Federal Register Notice
None.
II5I
Nonbanking Applications
(Subject to Federal Register Notice Only)
National Bank of Canada, Montreal, Canada to engage
through its subsidiary, National Canada Carp., in
commercial lending activities.
SECTION IV
Applications Not Involving
________ Public Comment________
None.
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
9/21/88
FEDERAL
RESERVE BANK OF
PHILADELPHIA
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
None.
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
Cleveland Reserve Bank Applications
For Week Ending September 10, 1988
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
COMMENT PERIOD ENDING
Received Section 3(a)(3) application on
9/7/88 from Peoples Bancorp, Inc., Marrietta,
Ohio, to acquire 7.65 percent of Heartland
BancCorp, Johnstown, Ohio, pursuant to
Section 3 of the Bank Holding Company Act.
* Not Yet Known #
Received Section 3(a)(3) application on
9/8/88 from Ohio Bancorp, Youngstown, Ohio,
to acquire 100 percent of Hie Mingo National
Bank of Mingo Junction, Mingo Junction, Ohio,
pursuant to Section 3 of the Bank Holding
Company Act.
* NOt Yet Known #
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4 (c)(8) application on
9/7/88 from FNB 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.
Not Yet Known #
Cleveland Reserve Bank Applications
For Week Ending September 10, 1988
Received Section 4(c)(8) and 4(c)(13)
applications on 9/6/88 frcm National City
Corporation, Cleveland, Ohio, through its
wholly owned subsidiary, First Kentucky
National Corporation, Louisville, Kentucky,
and its wholly owned subsidiary, National
ProcessingCcmpany, Inc. ("NPC"), to expand
NPC through the formation of NPC Internacionale,
S.A. de C.V., a company located in Juarez,
Mexico, and 99.6 percent owned by NPC pursuant
to Regulations Y and K.
Not Yet Known #
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE*
OR NEWSPAPER NOTICE
Received two requests on 9/8/88 frcm Ohio Citizens
Bank, Toledo, Ohio, for permission to exceed its
limit of investment in bank premises permitted
under Section 24A of the Federal Reserve Act.
*
#
N
F
- Subject to CPA
- Expected to end approximately 30 days frcm the date of receipt
- Newspaper Comment Period
-■ Federal Register Comment Period
Federal Reserve Bank of Richmond
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
None
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
September 12, 1988
Federal Reserve Bank of Atlanta
Applications Bulletin
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending
Sovran Bank/Central South
Nashville, Tennessee
To merge with Sovran Bank/Clarksville, Clarksville, Tennessee.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Florida First International Corporation
Hollywood, Florida
1-BHC formation, Florida First International Bank, Hollywood, Florida.
Federal Reserve Bank of Chicago
Section I - Applications Subject lo Newspaper
Motice Only
Comment Period
Ending Date
Type
Application
2070
First of America Bank - Ann Arbor
Ann Arbor, Michigan
The State Savings Bank of South Lyon
South Lyon, Michigan*
N
EFT
Bank of Reynolds
Reynolds, Indiana
302 Bluff Street
Monticello, Indiana*
ft - **
Branch/24A
Linden State Bank
N
Linden, Indiana
1408 Darlington Avenue
Crawfordsville, Indiana - and $391,500 for branch
- 9-1-88
- **
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Type
Application
Y-2
First of America Bancorporation-Illinois, Inc.
Libertyville, Illinois
Quad Cities First Company
Rock Island, Illinois
First National Bank of the Quad Cities
Rock Island, Illinois
Southpark National Bank of the Quad Cities
Moline, Illinois*
FR - 9-22-88
N - 9-21-88
Y-2
First of America Bank Corporation
Kalamazoo, Michigan
Quad Cities First Company
Rock Island, Illinois
First National Bank of the Quad Cities
Rock Island, Illinois
Soutnpark National Bank of the Quad Cities
Moline, Illinois*
FR - 9-22-88
N - 9-21-88
Y-2
Indecorp, Inc.
Chicago, Illinois
Drexel Holding Company
Oak Park, Illinois
Drexel National Bank
Chicago, Illinois*
FR - **
N - **
CoC/RoS
Pinnacle Banc Group, Inc.
Oak Brook, Illinois
John J. Gleason
to purchase 275,000 shares of common stock
FR - **
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
Indiana Bancshares, Inc.
Greenwood, Indiana
Hoosier Bancshares, Inc.
Bloomington, Indiana
The Bloomington National Bank
Bloomington, Indiana*
FR - **
N - 8-11-88
Y-l
Pioneer Bancorp, Inc.
Chicago, Illinois
Pioneer Bank & Trust Company
Chicago, Illinois*
FR - **
N - 9-26-88
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
Type
Application
4(c)(8)
Capital Directions, Inc.
Mason, Michigan
to make, acquire, service loans and extension
of credits through Monex Financial Services,
Inc., Mason, Michigan
FR - **
Y-4
Charter Bank and Trust of Illinois
Hanover Park, Illinois
Charter Mortgage Corporation
Hoffman Estates, Illinois
FR - **
Y-4
First National Bank of Hoffman Estates
Hoffman Estates, Illinois
Charter Mortgage Corporation
Hoffman Estates, Illinois
FR - **
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register Notice
Or Newspaper Notice
Type
Application
None
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
Colament Period Ending Date
* Section 9 of the Federal Reserve
Act application by Citizens Bank,
Batesville, Arkansas, to establish
a branch office at Third and Boswell,
Batesville, Arkansas
(Not available)
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Comment Period Ending Date
None.
SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Section 4(c)(8) application by
Wisdom Holding Corporation,
Salem, Missouri, to acquire Your
Insurance Man Agency, Inc.,
Salem, Misouri, and Wisdom
& Merrell Insurance Agency,
Inc., Rolla, Missouri, to
engage in the sale, as agent,
of general insurance in a
place with a population of
less than 5,000 and as a
bank holding company with
consolidated assets of $50
million or less
(Not available)
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
None.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Duke Financial Group, Inc.
St. Paul, MN
To acquire Citizens State Bank,
Montgomery, MN*
Edgeley Bancorporation, Inc.
Edgeley, ND
To acquire The Security National Bank
of Edgeley, Edgeley, ND*
Comment Period
Ending Date
Not yet available
Not yet available
The Page Holding Company
Plankinton, SD
To acquire Farmers & Merchants State Bank
Plankinton, SD*
October 3, 1988
(Newspaper)
Big Sioux Financial, Inc.
Estelline, SD
To acquire Farmers State Bank
Estelline, SD*
October 3, 1988
(Newspaper)
Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Marietta Bancshares, Inc.,
Marietta, MN
To engage in (08G) operating a general
insurance agency in a place with a
population not exceeding 5,000 thru
the acquisition of certain assets of
Marietta Insurance Agency, Marietta,
MN. The activity will be conducted
in Marietta, MN.
Not yet available
Big Sioux Financial, Inc.
Estelline, SD
To engage in (08G) operating a general in
surance agency in a place with a popula
tion not exceeding 5,000 through the
acquisition of assets and liabilities from
Farmers State Bank Agency, Estelline, SD.
The activity will be conducted in
Estelline, SD.
Not yet available
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None
Federal Reserve Bank o f K ansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
C O M M E N T P E R I O D E N D I N G 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
N e w M e x i c o B a n k Corp o r a t i o n , Inc.,
A l b u q u e r q u e , New Mexico, for prior
a p p r o v a l to b e c o m e a ba n k 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
B a n q u e s t N a t i o n a l B a n k of
Albuquerque, Albuquerque, New
Mexico.*
Not Available
F i r s t S t a t e B a n c o r p o r a t i o n , Taos,
N e w Mexico, for p r i o r 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
F i r s t S t a t e B a n k of Taos, Taos, N e w
Mexico.*
No t A v a i l a b l e
L i v i n g s t o n & C o m p a n y Southwest,
L.P., Chicago, Illinois, for p r ior
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 s of
9 6 . 7 1 p e r c e n t of the v o t i n g s h a r e s
of N e w M e x i c o B a n k Corpor a t i o n ,
Inc., A l b u q u e r q u e , New Mexico, and
90 p e r c e n t of the v o t i n g s h a r e s of
F i r s t S t a t e B a n c o r p o r a t i o n , Taos,
New Mexico.*
No t A v a i l a b l e
L i v i n g s t o n S o u t h w e s t Corpor a t i o n ,
C h i c a g o , Illinois, 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
50 p e r c e n t of the v o t i n g s h a r e s of
L i v i n g s t o n & C o m p a n y Southwest,
L.P., Chicago, I l l i n o i s . *
Not Available
Federal Reserve Bank o f Kansas City
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING
C i t i z e n s F i n a n c i a l Corporation,
L i b e r a l , K a n s a s , for prior approval
to e n g a g e de n o v o in making,
a c q u i r i n g , a n d / o r s e r v i c i n g loans
for i t s e l f or for o t h e r s of the
type m a d e by a c o m m e r c i a l finance
company.
DATE
Not Available
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
QR NEWSPAPER NOTICE
APPLICATION
None.
♦ A p p l i c a t i o n is s u b j e c t to CRA.
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 5, 1988
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
Section 9 application received from
Bank of Longview, Longview, Texas
to become a member of the Federal Reserve System
—
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
** NOTICE EXP
♦Section 3(a)(1) application by
Firstshares of Texas, Inc., Marshall, TX
to acquire The First National Bank of Marshall,
Marshall, TX
88/07/18
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.
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 9/09/88
Section I - Applications Sub.iect to Newspaper Notice Only
Application
Comment Period Ending Date
None
Section II - Applications Sub.iect to Both
Newspaper and Federal Register Notice
Philippine National Bank, Manila,
Philippines, to increase ownership
to 100 percent of Century Holding
Corporation, San Francisco, California,
which owns Century Bank, San Francisco,
California, and thereby become a bank
holding company. *
Newspaper:
Not available
Fed. Reg.:
9/12/88
Western Bancshares, Inc., Coos Bay,
Oregon, to acquire Western Bank, Coos
Bay, Oregon. *
Newspaper:
9/28/88
Fed. Reo.:
9/26/88
Hiroshi Kaijima, Tokyo, Japan, to
acquire 100 percent of Maui Bancshares,
Inc., Tacoma, Washington.
Newspaper:
9/24/88
Fed. Reg.:
Not available
Section III - Applications Sub.iect to Federal Register Notice Only
BankAmerica Corporation, San Francisco,
California, to expand the activities of
BA Futures, Incorporated, to now include
providing futures commission merchant
services to affiliates and non-affiliates
with respect to futures contracts relating
to stock and municipal bond indices.
Fed. Reg.:
Not available
Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
@FedFRASER