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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2 1971 No. 37 Applications and Reports Received or Acted on During Week Ending September 11, 1971 Pis triet 1 4 Proxy Statement (Special Meeting) Filed Pursuant to Section 14(a) of the Securities Exchange Act Received United States Trust Company of Boston, Boston, Massachusetts. Sylvania Savings Bank and Trust Company, Sylvania, Ohio. * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Depositors Trust Company, Augusta, Maine. To establish a branch located at Shopping Center, West side of Main Street, Livermore, Maine, The Schenectady Trust Company, Schenectady, New York. To establish a branch at 1847 Central Avenue, Town of Colonie, Albany County. The Ypsilanti Savings Bank, Ypsilanti, Michigan To establish a branch at the intersection of Carpenter and Ellsworth Roads, Pittsfield Township, Washtenaw County. Western State Bank, Sioux Falls, South Dakota. To establish and operate a branch at 1500 North Minnesota Avenue, Sioux Falls, South Dakota. Approved ^"Manufacturers Hanover Trust Company, New York, New York. To establish a branch at 200 East Gun Hill Road, Borough of the Bronx, City of New York, New York. Date 8-19-71 7-27-71 H.2 1971 No. 37 '^Citizens Bank of Monroe, Monroe, New York. To establish a branch on the southwest corner of the intersection of Ramapo Street and Still Road, Village of Monroe, Orange County. -Bankers Trust Company of Rochester, Rochester, New York. To establish a branch at 355 East Avenue, Rochester. ^Central Trust Company Rochester, New York, Rochester, New York. To establish a branch on the West side of Mitchell Road approximately 57 feet to 185 feet south, southwest of the southwest corner of the intersection of Ridge Road West and Mitchell Road, Town of Greece, Monroe County. ^Lincoln Rochester Trust Company, Rochester, New York. To establish a branch approximately 28 to 68 feet south of the centerline of State Street, Village of Pottsford, Monroe County. * The Schenectady Trust Company, Schenectady, New York. To establish a branch at 3461 State Street, Town of Niskayuna, Schenectady County. -Marine Midland Trust Company of Northern New York, Watertown, New York. To establish a public accomodations office at 140 Clinton Street, Watertown, Jefferson County. *The Cleveland Trust Company, Cleveland, Ohio. To establish a branch at approximately 250 feet south of Euclid Avenue on Mayfield Road, Cleveland, Cuyahoga County. *The Toledo Trust Company, Toledo, Ohio. Branches at the following locations: A. 705 Conant Street, Maumee, Lucas County. B. 5941 West Central Avenue, Toledo, Lucas County. *The Union Savings & Trust Co., Warren, Ohio. To establish a branch at the southeast corner of Elm Road and Gretchen Drive, Rowland Township, Trumbull County. * V- Ve Vc * Application approved by Reserve Bank on behalf of the Board of Governors under delegated authority. To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Alabama Bancorporation, Birmingham, Alabama, for prior approval to acquire 100 per cent (less • directors' qualifying shares) of the voting stock of the successor by merger to First National Bank of Birmingham, Birmingham, Alabama. Michigan National Corporation, Lansing, Michigan, for prior approval to acquire 80 per cent or more of the voting shares of Michigan National Bank, Lansing, Michigan; Michigan Bank, National Association, Detroit, Michigan; Livonia National Bank, Livonia, Michigan; Troy National Bank, Troy, Michigan; Oakland National Bank, Southfield, Michigan and indirect ownership of the voting shares of Central Bank, Grand Rapids; Valley National Bank of Saginaw, Saginaw; Security National Bank of Manistee, Manistee; First National Bank of East Lansing, East Lansing; First National Bank of Wyoming, Wyoming; Central National Bank of Alma, Alma; and St. Clair Shores National Bank, St. Clair Shores; all located in Michigan. Olsson's, Inc., Ronan, Montana, for prior approval to acquire 85 per cent of the voting shares of Ronan State Bank, Ronan, Montana, Hawaii Bancorporation Inc., Honolulu, Hawaii, for prior approval to acquire at least 80 per cent of the voting shares of Bank of Hawaii, Honolulu, Hawaii. /V * -k Vc To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received Shorebank Inc., Quincy, Massachusetts, for prior approval to acquire at least 80 per cent of the voting shares of The Falmouth National Bank, Falmouth, Massachusetts. United Tennessee Bancshares Corp., Memphis, Tennessee, for prior approval to acquire 80 per cent or more of the voting shares of Nashville City Bank and Trust Co., Nashville, Tennessee. H.2 1971 No. 37 -4Received (Continued) 9 10 6 10 Mid America Bancorporation, Inc., St. Paul, Minnesota, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of The First National Bank of Hutchinson, Hutchinson, Minnesota. First National Charter Corporation, Kansas City, Missouri, for prior approval to acquire 80 per cent or more of the voting shares of Bank of Over land, Overland, Missouri. Approved Barnett Banks of Florida, Inc., Jacksonville, Florida, for prior approval to acquire 80 per cent or more of the voting shares of American Bank at Ormond Beach, Ormond Beach, Florida. First National Charter Corporation, Kansas City, Missouri, for prior approval to acquire 80 per cent or more of the voting shares of Citizens Bank of Belton, Belton, Missouri. Reactivated On H.2 No. 27 for the week ended July 3, 1971, the Board reported receipt of an application from Huntington Bancshares, Inc., Columbus, Ohio, for prior approval to acquire 80 per cent or more (less directors' qualifying shares) of the voting shares of The Portage National Bank, Kent, Ohio. This application was placed in suspense following receipt of a Department of Justice letter to the Board dated August 10, 1971. Following receipt of Applicant's reply dated September 9, 1971, this application has been reactivated. H.2 1971 No. 37 8 1 6 1 -5- To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received T QBancshares Co., St. Louis, Missouri, notification of intent to engage in a de novo activity (providing bookkeeping or data processing services for the internal operations of the holding company and its subsidiaries, and storing and processing banking, financial, or related economic data, such as performing payroll, accounts receivable or payable, or billing services) through a jointly owned subsidiary known as United Computer Services of Missouri, Inc., St. Louis, Missouri. Permitted** First National Boston Corporation, Boston, Massachusetts, to continue to engage in a de novo activity (commercial factoring). To Expand a Bank Holding Company Pursuant to Section 4(c) (12) of The Bank Holding Company Act of 1956 Permitted** Correction: Ashland Investment Corporation, Lexington, Kentucky, to acquire shares of Kentucky Finance Co., Inc. , Lexington, Kentucky. (Erroneously reported on H.2 No. 35 as a 4(c)(8) permitted activity). For Exemption Pursuant to Section 4(d) of the Bank Holding Company Act of 1956 Received Family Finance Corporation, Wilmington, Delaware. ! 9-5-71 8-27-71 9-9-71 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 9-7-71 i
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