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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

( H . 2 , 1982, No. 37)

Actions of the Board; Applications and Reports
Received During the Week Ending September 11, 1982
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Dallas

American Southwest Bancshares, I n c . , El Paso,
Texas, extension of time to December 19, 1982,
w i t h i n which to acquire American Bank of Commerce,
El Paso, Texas. J /

St. Louis

Bancshares, Inc.. Scottshurg, Indiana, extension
of time to January 12, 1983. within which to
become a bank holding company through the acq u i s i t i o n of the successor by merger to The
Scott County State Bank, Scottsburg, Indiana. V

Chicago

Boulevard Bancorp, I n c . , Chicago, I l l i n o i s , extension of time t o December 22, 1982, within
which to acquire 100 percent of F i r s t National
Bank of Wilmette; The Hinsdale Capital Corporat i o n , Hinsdale, which owns 81.4 percent of The
F i r s t National Bank of Hinsdale; Firstwin Corporation, Hinnetka, which owns 83.6 percent of
The F i r s t National Bank of Winnetka; and The
Glencoe Capital Corporation, Glencoe, I l l i n o i s ,
which owns 89.7 percent of Glencoe National
Bank, Glencoe, I l l i n o i s . ]_/

Dallas

CB8T Bancshares, I n c . , Cleveland, Texas, extension
of time to December 14, 1982, within which to
acquire Park National Bank, Porter, Texas. J /

New York

C i t i c o r p , New York, New York, extension of time
to October 31, 1983, within which to make an
additional investment in Citicorp Overseas Finance
Corporation, N.V., Aruba, Netherlands A n t i l l e s . ]_/

Kansas City

City Bancorp of Norman, I n c . , Norman, Oklahoma, extension of time t o December 15, 1982, within which
t o acquire City National Bank and Trust Company,
Norman, Oklahoma. 1/

T7




Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1982 No. 37

- 2 -

ACTIONS OF THE BOARD - Continued
Chicago

Decorah State Bank Holding Co., Decorah, Iowa, extension of time t o December 9, 1982, within which
to become a bank holding company through the
acquisition of 100 percent of the voting shares
of the successor by merger to Decorah State Bank,
Decorah, Iowa. V

Richmond

F i d e l i t y BancShares (N.C.), I n c . , Fuquay-Varina,
North Carolina, extension of time to December 12,
1982, w i t h i n which to become a bank holding company through the acquisition of The F i d e l i t y Bank,
Fuquay-Varina, North Carolina. J /

Atlanta

F i r s t State Corporation, Waynesboro, Mississippi,
extension of time t o December 15, 1982, within
which to become a bank holding company through
the acquisition of F i r s t State Bank, Waynesboro,
Mississippi. V

Dallas

Frontier Bancshares, I n c . , Eagle Pass, Texas, extension of time t o November 4, 1982, within which
t o acquire Frontier State Bank, Eagle Pass, Texas. _]_/

Atlanta

Georgia Peoples Bankshares, I n c . , Baxley, Georgia,
extension of time t o October 23, 1982, within
which to become a bank holding company through the
acquisition of Peoples State Bank & Trust, Baxley,
Georgia. \J

San
Francisco

Home Interstate Bancorp, Signal H i l l , C a l i f o r n i a ,
extension of time to January 2, 1983, within which
to become a bank holding company through acquisition
of 100 percent of the voting shares of Home Bank,
Signal H i l l , C a l i f o r n i a . ]_/

Chicago

Maiden Bancorp, I n c . , Maiden, I l l i n o i s , extension of
time to November 9, 1982, w i t h i n which to become a
bank holding company through the acquisition of 50
percent of the voting shares of The Farmers and
Traders State Bank of Maiden, I l l i n o i s , Maiden,
I l l i n o i s . ]_/

Cleveland

National City Corporation, Cleveland, Ohio, extension
of time to December 15, 1982, within which to open
the o f f i c e of National City Trust Company, Palm
Beach, F l o r i d a , a wholly owned subsidiary of National
City Corporation. 1/

T7

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .

I




H.2, 1982 No. 37

3 -

ACTIONS OF THE BOARD - Continued
Atlanta

Progressive Capital Corporation, Amite, Louisiana,
extension of time to November 6, ]982, within which
to become a bank holding company through acquisition
of Central Progressive Bank of Amite, Amite,
Louisiana. JJ

Chicago

Security Financial Services, I n c . , Sheboygan, Wisconsin, extension of time to November 21, 1982,
w i t h i n which to acquire 80 percent or more of the
voting shares of Manitowoc County Bank, Manitowoc,
Wisconsin. V

Richmond

Southern BancShares (N.C.), I n c . , Mount Olive, North
Carolina, extension of time to November 11, 1982,
w i t h i n which to become a bank holding company
through the acquisition of Southern Bank and Trust
Company, Mount Olive, North Carolina. JJ

Atlanta

West Baton Rouge Bancshares, I n c . , Port Allen,
Louisiana, extension of time to November 18, 1982,
within which to become a bank holding company
through the acquisition of Bank of West Baton
Rouge, Port Allen, Louisiana. J /

Dallas

Winn Bancshares, I n c . , Winnfield, Louisiana, extension of time to December 29, 1982, within which
to acquire Winn State Bank and Trust Company, Winnf i e l d , Louisiana. J /

Cleveland

AmeriTrust Company, Cleveland, Ohio, extension of
time to November 23* 1982, within which to merge
with AmeriTrust Company of Toledo, Toledo, Ohio. \J

St. Louis

Scott County State Bank, Scottsburg, Indiana, extension of time to January 12, 1983, within which
to merge with Scottsburg Bank, Scottsburg, Indiana. ]_/

Richmond

Bank of Ripley, Ripley, West V i r g i n i a , an investment
in bank premises. J /

Richmond

Farmers & Merchants State Bank, Fredericksburg,
V i r g i n i a , an investment in bank premises. J /

Chicago

Lapeer County Bank & Trust Co., Lapeer, Michigan,
an investment in bank premises. J /

TJ Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .

i

i




H.2, 1982 No. 37

- 4 -

ACTIONS OF THE BOARD - Continued
Cleveland

AmeriTrust of Toledo, Toledo, Ohio, extension of
time to November 23, 1982, within which to become
a member of the Federal Reserve System. _1/

St. Louis

Scottsburg Bank, Scottsburg, Indiana, extension of
time to January 12, 1983, within which to become
a member of the Federal Reserve System. J /

New York

Citibank Overseas Investment Corporation, Wilmington,
Delaware, extension of time t o September 29, 1983,
w i t h i n which to acquire and hold 40 percent interest
in Bank of Niger L t d . , Lagos, Nigeria. V

New York

Bankers Trust Company of Hudson Valley, National
Association, Poughkeepsie, New York, proposal to
merge Barclays Bank of New York, New York, New
York; report to the Comptroller of the Currency
on competitive factors. \J

Dallas

Bay City Bank & Trust Co., Bay C i t y , Texas, proposed
merger with Interim Bay City Bank & Trust Co., Bay
C i t y , Texas; report to the Federal Deposit Insurance
Corporation on competitive factors. J /

Dallas

Brownsville National Bank, Brownsville, Texas, proposed
merger with New Brownsville State Bank, Brownsville,
Texas; report to the Federal Deposit Insurance Corporation on competitive fa cto rs. V

Dallas

F i r s t Nichols National Bank of Kenedy, Kenedy, Texas,
proposed merger with Interim First-Nichols State
Bank of Kenedy, Kenedy, Texas; report to the Federal
Deposit Insurance Corporation on competitive factors. J /

Atlanta

Florida National Bank of Palm Beach County, West Palm
Beach, Florida, proposed merger with F i r s t Marine Bank
and Trust Company of the Palm Beaches, Riviera Beach,
Florida; report to the Comptroller of the Currency on
competitive factors. J_/

Atlanta

Guaranty Bank and Trust Company, New Roads, Louisiana,
proposed merger with Pointe Coupee Guaranty Bank and
Trust Company, New Roads, Louisiana; report to the
Federal Deposit Insurance Corporation on competitive
f a c t o r s . 1/

J/

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .

I

H.2, 1982 No. 37

- 5 -

ACTIONS OF THE BOARD - Continued
New York

National Bank and Trust Company of Norwich, Norwich,
New York, proposal to merge National Bank of Oxf o r d , Oxford, New York; report to the Comptroller
of the Currency on compet•cive fa cto rs. \J

San
Francisco

North Valley Bank, Redding, C a l i f o r n i a , proposed
acquisition of assets and assumption of deposit
l i a b i l i t i e s of the Central Valley and Redding,
C a l i f o r n i a , branches of Bank of C a l i f o r n i a , N.A.,
San Francisco, C a l i f o r n i a ; report to the Federal
Deposit Insurance Corporation on competitive factors. ]_/

Philadelphia

Peoples National Bank of Central Pennsylvania, State
College, Pennsylvania, proposal to merge with Lion
Country National Bank, State College, Pennsylvania,
under the t i t l e of the former and charter of the
l a t t e r ; report to the Comptroller of the Currency
on competitive f a c t o r s . V

Chicago

Pomar National Bank, Chicago, I l l i n o i s , application
for p r i o r approval to merge with Marquette National
Bank, Chicago, I l l i n o i s , under the charter of Pomar
National Bank and t i t l e of Marquette National Bank;
report to the Comptroller of the Currency on competitive factors. V

Chicago

Republic National Bank of Peoria, Peoria, I l l i n o i s ,
application f o r p r i o r approval to merge with The
F i r s t National Bank of Peoria, Peoria, I l l i n o i s ,
under the charter of Republic National Bank of
Peoria, and t i t l e of The F i r s t National Bank of
Peoria; report to the Comptroller of the Currency
on competitive fa cto rs. J /

Atlanta

Sun Interim Bank/North F l o r i d a , N.A., Jacksonville,
F l o r i d a , proposed merger with Citizens National
Bank of Temple, Temple, Texas; report to the
Comptroller of the Currency on competitive factors. V

Dallas

Texas American Bank/Temple, N.A, Temple, Texas, proposed merger with Citizens National Bank of Temple,
Temple, Texas; report t o the Comptroller of the
Currency on competitive fa cto rs. J /

Dallas

Mestcreek National Bank, Fort Worth, Texas, proposed
merger with Alta Mesa National Bank, Fort Worth,
Texas; report to the Comptroller of the Currency
on competitive fa cto rs. V

T7




Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1982 TO. 37

w

- 6 -

ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant t o
Section 9 of the Federal Reserve Act
Approved
Bank of V i r g i n i a , Richmond, V i r g i n i a . To establish
a customer-bank communication terminal at 6717
Old Dominion Drive, McLean, Fairfax County,
V i r g i n i a . JJ

Richmond

To Become a Member of the Federal Reserve System
Pursuant t o Section 9 of the Federal Reserve Act
St. Louis

ipproved
ik, Scottsburg, Indiana. 1/
Scottsburg Bank,
*

*

*

*

*

To Merge Pursuant to Section 18(c) of the
Federal Deposit Insurance Act
St. Louis

Approved
Scott County State Bank, Scottsburg, Indiana, to
merge with Scottsburg Bank, Scottsburg, Indiana. 1/
*

*

*

*

*

Issued Intent Not to Disapprove Change of Control
Pursuant t o Change in Bank Control Act of 1978
Kansas City

Not Disapproved
Hyannis Banshares, I n c . , Hyannis, Nebraska. J_/

Kansas City

Chadron Banshares, I n c . , Chadron, Nebraska. V

Kansas City

Gordon State Banshares, I n c . , Gordon, Nebraska. ]_/

Kansas City

Thedford Banshares, I n c . , Thedford, Nebraska. V

Kansas City

Mullen Banshares, I n c . , Mullen, Nebraska. 1/

\ j Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1982 No. 37

- 7 -

ACTIONS OF THE BOARD - Continued
Kansas City

Guardian Banshares, I n c . , A l l i a n c e , Nebraska. V

Kansas City

Valentine State Banshares, I n c . , Valentine, Nebraska. ]J

Kansas City

Hemingford Banshares, I n c . , Hemingford, Nebraska. 1/
*

*

*

*

*

To Establish a U. S. Branch of an Edge Act Corporation
Pursuant t o Section 25(a) of the Federal Reserve Act
New York

Approved
Citibank I n t e r n a t i o n a l , Miami, Florida: grants consent to establish and operate a branch in each o f :
Honolulu International A i r p o r t , Honolulu, Hawaii;
Miami International A i r p o r t , Miami, Florida; and
Houston International A i r p o r t , Houston, Texas.
*

*

*

*

*

To Form a Bank Holding Company Pursuant t o Section
3(a)(1) of the Bank Holding Company Act of 1956
Atlanta

Approved
Brantley Bancorp, I n c . , Brantley, Alabama, f o r
approval t o acquire at least 80 percent of the
voting shares of Brantley Bank and Trust Company,
Brantley, Alabama. J /

Atlanta

G. S. B. Investments, I n c . , Gainesville, Florida,
for approval to acquire at least 80 percent of the
voting shares of Gainesville State Bank,
Gainesville, Florida. J /

Atlanta

Union Bancshares, I n c . , Livingston, Tennessee, f o r
approval to acquire at least 80 percent of the
voting shares of Union Bank and Trust Company,
Livingston, Tennessee. \J

Chicago

F i r s t Bancshares of Huntington, I n c . , Huntington,
Indiana (formerly Huntington Bankshares, I n c . ) ,
f o r approval to acquire 100 percent of the voting
shares of the successor by merger to The F i r s t
National Bank in Huntington, Huntington, Indiana. V

Tf

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1982

37

- 8 -

^

ACTIONS OF THE BOARD - Continued
Chicago

Lincolnland Bancshares, I n c . , Casey, I l l i n o i s , for
approval to acquire 100 percent of the voting shares
(less d i r e c t o r s ' q u a l i f y i n g shares) of the successor
by merger t o The Bank of Casey, Casey, I l l i n o i s . JJ

Minneapolis

Northeast Bancorporation, I n c . , Minneapolis, Minnesota,
for approval to acquire at least 97.2 percent of the
voting shares of F i r s t American State Bank of Sargeant, Sargeant, Minnesota. ]_/

Kansas City

Central of Kansas, I n c . , Junction C i t y , Kansas, for
approval to acquire 100 percent of the voting shares
of The Central National Bank of Junction C i t y ,
Junction C i t y , Kansas, successor by merger to
Central of J . C . , N.A., Junction C i t y , Kansas. J /

Kansas City

Haskell Bancorporation, I n c . , Haskell, Oklahoma, f o r
approval to acquire 100 perent of the voting shares
of The F i r s t Bank of Haskell, Haskell, Oklahoma. J /

Kansas City

Maple H i l l Bancshares, I n c . , Maple H i l l , Kansas, for
approval t o acquire at least 81.62 percent of the
voting shares of The Stockgrowers State Bank', Maple
H i l l , Kansas. J /

Dallas

B.O.A. Bancshares, I n c . , Houston, Texas, f o r approval
to acquire at least 80 percent of the voting shares
of Bank of Almeda, Houston, Texas. J /

San
Francisco

F i r s t Financial Bancorp, Lodi, C a l i f o r n i a , for approval
to acquire 100 percent of the voting shares of Bank
of Lodi, N.A., Lodi, C a l i f o r n i a , a proposed new bank. \J
*

*

*

*

*

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Cleveland

Tj

Approved
F i r s t Bancorporation of Ohio, Akron, Ohio, for approval
to acquire 100 percent of the voting shares of The
Twinsburg Banking Company, Twinsburg, Ohio. J /

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .

H.2, 1982 No. 37

- 9 -

ACTIONS OF THE BOARD - Continued
Richmond

F i r s t & Merchants Corporation, Richmond, V i r g i n i a ,
f o r approval to acquire up to 100 percent of the
voting shares of Main Street National Bank, Wise,
V i r g i n i a , successor by merger to The Wise County
National Bank, Wise, V i r g i n i a . J /

Atlanta

F i r s t Florida Banks, I n c . , Tampa, Florida, for approval
to acquire at least 90 percent of the voting shares
of Clearwater Beach Bank, Clearwater, Florida. V

Atlanta

F i r s t Florida Banks, I n c . , Tampa, Florida, for approval
to acquire at least 90 percent of the voting shares of
Northeast Bank of Clearwater, Clearwater, Florida. J_/

Atlanta

7L Corporation, Tampa, Florida, f o r approval to acquire F i r s t Florida Banks, Tampa, Florida and
i n d i r e c t l y acquire Clearwater Beach Bank, Clearwater,
F l o r i d a . ]_/

Atlanta

7L Corporation, Tampa, F l o r i d a , for approval to acquire
F i r s t Florida Banks, Tampa, Florida and i n d i r e c t l y
acquire at least 90 percent of the voting shares of
Northeast Bank of Clearwater, Clearwater, Florida. V

St. Louis

F i r s t Banc Group, I n c . , Centralia, I l l i n o i s , for
approval to acquire 100 percent of the voting shares
of the successor by merger to Ashley State Bank,
Ashley, I l l i n o i s . J /

St. Louis

F i r s t Banc Group, I n c . , Centralia, I l l i n o i s , for
approval to acquire 100 percent of the voting
shares of the successor by merger to The F i r s t
State Bank of Centralia, I l i n o i s . JJ

St. Louis

F i r s t Banc Group, I n c . , Centralia, I l l i n o i s , for
approval to acquire 100 percent of the voting
shares of the successor by merger to Hoyleton
State and Savings Bank, Hoyleton, I l l i n o i s . ]_/

Dallas

Cullen/Frost Bankers, I n c . , San Antonio, Texas,
for approval to acquire 100 percent of the voting
shares of Cullen Bank/CityWest, N.A., Houston,
Texas, a proposed new bank. y

Dallas

Dallas Guaranty Bancshares, I n c . , Dallas, Texas,
for approval to acquire at least 80 percent of
the voting shares of Guaranty Bank, Dallas,
Texas. 1/

TJ

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1982 No. 37

- 10 -

ACTIONS OF THE BOARD - Continued
Dallas

F i r s t City Bancorporation of Texas, I n c . , Houston,
Texas, for approval to acquire 100 percent of
the voting shares of F i r s t City Bank - East,
N.A., El Paso, Texas, a proposed new bank. V

Dallas

Schreiner Bancshares, I n c . , K e r r v i l i e , Texas, for
approval to acquire 100 percent of the voting
shares of Southwest National Bank, Austin, Texas. 1/
• * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956

Chicago

Boston

Reactivated
Associated Banc-Corp., Green Bay, Wisconsin, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
( i n mortgage banking) at 220 NortTT Madison Street,
Green Bay, Wisconsin, the geographic area to be
served w i l l be the southern Wisconsin counties of
Marquette, Columbia, Dane, Rock, Walworth, M i l waukee, Dodge, and Sheboygan and northern I l l i n o i s
counties of Boone, McHenry, Lake Winnebago, Kane,
Du Page, Cook and W i l l , through i t s subsidiary,
Associated Mortgage, Inc. (9/7/82) 3/
Permitted
Old Stone Corporation, Providence, Rhode Island,
n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making or acquiring and servicing shortterm f i r s t and second mortgage loans in V i r g i n i a ,
Arizona and Georgia, and in insurance agency
a c t i v i t i e s for the sale of casualty insurance
sold in connection with extensions of credit in
Arizona and Georgia) at 3974 Woodcock Drive,
Jacksonville, Florida, serving the States of
V i r g i n i a , Arizona and Georgia, through i t s i n d i r e c t subsidiary, UniCredit Corporation of
Fla. (9/5/82) 3/

T7

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .

3/

4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .




I

H.2, 1982 No. 37

-

11 -

ACTIONS OF THE BOARD - Continued
New York

Manufacturers Hanover Corporation, New York, New
York, requests permission to expand the service
area of an e x i s t i n g o f f i c e (acting as agent or
broker f o r the sale of c r e d i t l i f e and c r e d i t
accident and health insurance related t o extensions of c r e d i t made, acquired, or serviced by
Manufacturers Hanover Mortgage Corporation f o r
I t s own account or the account of others) at
27555 Farmington Road, Farmington H i l l s ,
Michigan, serving the e n t i r e United States,
through i t s subsidiary, CMC Insurance Agency,
Inc. (9/10/82) 3/

New York

Manufacturers Hanover Corporation, New York, New
York, requests permission t o relocate an
e x i s t i n g o f f i c e and t o expand the service area
of the relocated o f f i c e engaging in the f o l l o w ing a c t i v i t i e s (making or acquiring loans and
other extensions of c r e d i t , secured or unsecured, such as would be made or acquired by a
finance company under South Carolina Law; and '
o f f e r i n g c r e d i t related l i f e insurance and
c r e d i t accident, health, and property insurance;
the o f f i c e w i l l serve customers in Richland,
Lexington, Saluda, Newberry, Aiken, F a i r f i e l d ,
Kershaw, Sumter, Lee, Clarendon, Calhoun and
Orangeburg counties) from 1700 Sumter Street,
Columbia, South Carolina, t o 7350 "A" Two
Notch Road, Columbia, South Carolina, through
i t s subsidiary, Finance One of South Carolina,
Inc. (9/4/82) 3/

Richmond

The Wachovia Corporation, Winston-Salem, North
Carolina, n o t i f i c a t i o n of intent t o relocate
de novo a c t i v i t i e s (providing mortgage banking
services, including the o r i g i n a t i o n and processing of r e s i d e n t i a l , construction, development, and income property mortgage loans, the
purchase and sale or placement of mortgage
loans, the administration and servicing of
mortgage loans, the management and sale of
properties acquired through foreclosure or transf e r s in l i e u of foreclosure, and acting as agent
f o r c r e d i t l i f e and c r e d i t accident and health
insurance and f o r property and casualty i n surance related t o extensions of c r e d i t ) from
Suite 500, 3915 Snapfinger Parkway, Decatur,
Georgia t o Suite I I I , North!ake Henderson M i l l

7J

4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .




H.2, 1982 No. 37

-

12 -

ACTIONS OF THE BOARD - Continued
Office Building, 2296 Henderson M i l l Road,
Atlanta, Georgia, through i t s subsidiary,
Wachovia Mortgage Company (9/9/82) 3/
Atlanta

Landmark Banking Corporation of Florida, Ft.
Lauderdale, F l o r i d a , n o t i f i c a t i o n of intent
to engage in de novo a c t i v i t i e s (as p r i n c i p a l ,
agent, broker or advisor for the lec-rng of
personal property, mainly o f f i c e and other equipment, and as agent or broker for the s e l l i n g of
c r e d i t l i f e and c r e d i t accident and health i n surance) at 2225 East Randol M i l l Road, Suite
528, Arlington, Texas, geographic areas to be
served are the States of Texas, Oklahoma, Louisiana,
and New Mexico, through i t s subsidiaries, Capital
America, I n c . , and Capital Associates, Inc.
(9/10/82) 3/

Minneapolis

Dakota Bankshares, I n c . , Fargo, North Dakota, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
(the making of a l l types of loans, most t y p i c a l l y ,
d i r e c t consumer loans t o i n d i v i d u a l s , purchasing
of installment sales contracts, accounts receivable
financing, and loans secured by second mortgages)
at 510 East Main Avenue, Bismarck, North Dakota,
serving the c i t i e s of Bismarck and Mandan, North
Dakota, through i t s subsidiary, Dakota Financial
Services, Inc. (9/10/82) 3/

Dallas

F i r s t City Bancorporation of Texas, I n c . , Houston,
Texas, n o t i f i c a t i o n of intent t o engage in de
novo a c t i v i t i e s ( i n making and acquiring loans
and other extensions of c r e d i t , both secured and
unsecured for the purpose of financing energy
development, exploration and related energy projects)
in Houston, Texas, serving the United States with
principal emphasis on the energy producing States of
Texas, Louisiana, Oklahoma, New Mexico and Colorado,
through a subsidiary, F i r s t City Energy Finance
Company (9/9/82) 3/

San
Francisco

Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n making or acquiring for i t s own account
or for the account of others, asset based business
loans and other commercial or i n d u s t r i a l loans and

77




4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .

I

H.2, 1982 No. 37

- 13 -

ACTIONS OF THE BOARD - Continued
extensions of c r e d i t such as would be made by fact o r i n g , rediscount or commercial finance companies
and leasing and servicing a c t i v i t i e s with respect
to personal property and equipment and real property)
at #2 Executive Campus Building, Suite 402, Cherry
H i l l , New Jersey, serving the United States, through
i t s subsidiary, Security Pacific Finance Business
Center Inc. (9/10/82) 3/

37




4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .




H.2, 1982

No. 37

- 14 APPLICATIONS RECEIVED

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Richmond

Bank of V i r g i n i a , Richmond, V i r g i n i a . To establ i s h a customer-bank communication terminal at
7318 Midlothian Turnpike, Chesterfield County,
V i r g i n i a . 2/

Atlanta

North F i r s t Bank, North Fort Myers, Florida. To
establish a branch to be known as the Southwest Florida Regional Jetport Branch, Lee
County, Florida. 2]
*

*

*

*

*

To Merge Pursuant to Section 18(c) of the
Federal Deposit Insurance Act
Richmond

F i r s t Virginia Bank of the Southwest, Christianburg, V i r g i n i a , to merge with F i r s t Virginia
Bank-Bland County, Plant, V i r g i n i a . 2/
*

*

*

*

*

Applications and Notifications for International
Investments and Other Actions Pursuant to Sections
25 and 25(a) of the Federal Reserve Act and Sections
4(c)(9) and 4(c)(13) of the Bank Holding Company
Act of 1956, as amended
New York

C i t i c o r p , New York, New York: prior n o t i f i c a t i o n
of i t s intent to make an additional investment
in Citicorp Overseas Finance Corporation, N.V.,
Oranjestad, Aruba, Netherlands A n t i l l e s .
*

2/

*

*

*

*

Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.

H.2, 1982 No. 37

- 15 -

APPLICATIONS RECEIVED - Continued
orm a Bank Holding Company Pursuant to Section
)(1) of the Bank Holding Company Act of 1956
Atlanta

American Banking Corporation, Lake Wales, Florida,
for approval t o acquire at least 80 percent of
the voting shares of American Bank of Lake Wales,
Lake Wales, Florida. 2/

Atlanta

F i r s t City Bancshares, I n c . , Gainesville, Florida,
for approval to acquire at least 80 percent of
the voting shares of F i r s t City Bank of Gainesv i l l e , Gainesville, Florida. 2J

Atlanta

F.M.B. Corporation, Monticello, Florida, for
approval to acquire at least 80 percent of the
voting shares of Farmers & Merchants Bank,
Monticello, Florida. 2/

Atlanta

Merchants & Farmers Bancshares, I n c . , Leesville,
Louisiana, f o r approval t o acquire at least
80 percent of the voting shares of Merchants
& Farmers Bank & Trust Company, L e e s v i l l e ,
Louisiana. 2/

Chicago

East Peoria Community Bancorp, I n c . , Peoria,
I l l i n o i s , f o r approval to acquire 98.95 percent
of the voting shares of Community Bank of
Greater Peoria, East Peoria, I l l i n o i s . 2/

Chicago

Malta Bancshares, I n c . , Malta, I l l i n o i s , f o r
approval to acquire at least 80 percent of the
voting shares of The F i r s t National Bank of
Malta, Malta, I l l i n o i s . 2/

Chicago

Owen Financial Corporation, Spencer, Indiana, f o r
approval to acquire 100 percent of the voting
shares (less d i r e c t o r s ' q u a l i f y i n g shares) of
the successor by merger to Owen County State
Bank, Spencer, Indiana. 2/

Chicago

PB Bancorp of Cedar Rapids, I n c . , Cedar Rapids,
Iowa, for approval t o acquire 100 percent of
the voting shares of the successor by merger
to Peoples Bank and Trust Company, Cedar Rapids,
Iowa. 2/

2/




Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.

H.2, 1982 No. 37

- 16 -

APPLICATIONS RECEIVED - Continued
Chicago

Shell Rock Bancorporation, Shell Rock, Iowa, f o r
approval to acquire at least 90.6 percent of
the voting shares of Security State Bank, Shell
Rock, Iowa. 2J

Chicago

Viroqua Bancshares, Inc., Viroqua, Wisconsin, f o r
approval to acquire 100 percent of the voting
shares of The State Bank of Viroqua, Viroqua,
Wisconsin. 2/

Chicago

The Waldron Financial Corporation, Waldron, Indiana,
for approval to acquire 100 percent of the voting
shares (less directors' qualifying shares) of the
successor by merger to The State Bank of Waldron,
Waldron, Indiana, y

St. Louis

Drew Bancshares, Inc., Monticello, Arkansas, f o r
approval to acquire at least 80 percent of the
voting shares of Commercial Bank and Trust Company,
Monticello, Arkansas, y

St. Louis

Falkner Capital Corporation, Falkner, Mississippi,
for approval to acquire at least 80 percent of the
voting shares of The Bank of Falkner, Falkner,
Mississippi, y

St. Louis

First Exchange Corp., Jackson, Missouri, f o r approval
to acquire at least 80 percent of the voting shares
of Jackson Exchange Bank and Trust Company, Jackson,
Missouri, y

St. Louis

First Southern Missouri Bancshares, I n c . , Van Buren,
Missouri, for approval to acquire 83.2 percent of
the voting shares of Carter County state Bank,
Van Buren, Missouri. 2/

St. Louis

Missouri Delta Bancshares, Inc., Hayti, Missouri,
for approval to acquire at least 95 percent of
the voting shares of Missouri Delta Bank, Hayti,
Missouri. 2/

Minneapolis

Central Dakota Bank Holding Company, Lehr, North
Dakota, for approval to acquire at least 84.°8
percent of the voting shares of Central Dakota
Bank, Lehr, North Dakota. 2/

TJ




Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.

s

e
H.2, 1982 No. 37

- 17 -

APPLICATIONS RECEIVED - Continued
Minneapolis

F i r s t National of South Dakota, I n c . , Omaha, Nebraska, for approval t o acquire 100 percent of
the voting shares of Sioux Enterprises, I n c . ,
Yankton, South Dakota, and i n d i r e c t l y acquire
at least 92,6 percent of the voting shares of
Valley State Bank, Yankton, South Dakota. 2/

Kansas City

Community Corporation, Enid, Oklahoma, for approval
to acquire at least 99.5 percent of the voting
shares of Community Bank & Trust Company, Enid,
Oklahoma. 2/

Kansas City

F i r s t Fletcher Bancshares, I n c . , Fletcher, Okl ahoma, for approval to acquire at least 80 percent
of the voting shares of The F i r s t National Bank
of Fletcher, Fletcher, Oklahoma. 2]

Kansas City

Galva Bancshares, I n c . , Galva, Kansas, for approval
to acquire at least 95 percent of the voting shares
of The Farmers State Bank, Galva, Kansas. 2J

Dallas

Farmersvilie Bancshares, I n c . , Dallas, Texas, f o r
approval to acquire 100 percent of the voting
shares of F i r s t National Bank at Farmersville,
Farmersville, Texas. 2/

Dallas

l i b e r t y Bancshares, I n c . , Dallas, Texas, for
approval to acquire at least 80 percent of the
voting shares of Liberty National Bank, Dallas,
Texas. 2/

Dal las

Sudan Bancshares, I n c . , Lubbock, Texas, for
approval to acquire at least 80 percent of
the voting shares of The F i r s t National Bank
of Sudan, Sudan, Texas. 2/

San
Francisco

Harbor Bancorp, Long Beach, C a l i f o r n i a , for
approval to acquire 100 percent of the voting
shares of Harbor Bank, Long Beach, C a l i f o r n i a . 2/

2/




Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1982 No. 37

-18-

APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Kansas City

CharterCorp, Kansas C i t y , Missouri, for approval
to acquire 100 percent of the voting shares
of the successor by merger to American National
Bank in St. Louis, St. Louis, Missouri. 2/

Kansas City

CharterCorp, Kansas C i t y , Missouri, for approval
to acquire 100 percent of the voting shares of
the successor by merger to City Bank, St.
Louis, Missouri. 2/
*

*

*

*

*

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston

F i r s t National Boston Corporation, Boston, Massachusetts, n o t i f i c a t i o n of intent to engage in
de novo a c t i v i t i e s (providing bookkeeping and
data processing services for the internal
operation of a single named financial i n s t i t u t i o n ; and storing and processing banking,
financial or related data including demand
deposit, savings, d i r e c t and indirect i n s t a l l ment loans, commercial loans, mortgages, general ledger and central information accounting
for such financial i n s t i t u t i o n and i n d i r e c t l y
for i n s t i t u t i o n s which may enter into a data
processing agreement with such i n s t i t u t i o n ) at
286 Main Street, Pawtucket, Rhode Island,
serving the State of Rhode Island, through i t s
subsidiary, FBC, Inc. (9/10/82)

New York

Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, requests permission to expand the a c t i v i t i e s of twelve
e x i s t i n g o f f i c e s to include the following a c t i v i t y ( s e l l i n g money orders at r e t a i l ) at 100
Broad Street, Sumter, South Carolina; 3703
Whitehorse Road, Greenville, South Carolina;
2321 Main Street, Columbia, South Carolina;
1925 Bull Street, Columbia, South Carolina;
4350 Fayetteville Road, Lumberton, North

TJ

Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.

H.2, 1982 No. 37

- 19 -

APPLICATIONS RECEIVED - Continued
Carolina; 120 Cox Avenue, Ashevilie, North
Carolina; 703 N. Main Street, Waynesville,
North Carolina; Kimberly Drive & Deerfield
Road, Boone, North Carolina; 222 Oak Avenue,
Kannapolis, North Carolina; 304 S. Second
Street, Albemarle, North Carolina; 1117 S.
F a y e t t e v i l l e Street, Asheboro, North Carolina;
and 337 Harper Avenue, S.W., Lenior, North
Carolina, through t h e i r subsidiaries, BarclaysAmerican/Financial Services, I n c . , for the
North Carolina o f f i c e s and through BarclaysAmerican/Financial I n c . , for the South
Carolina o f f i c e s (9/7/82)
New York

Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, requests permission to relocate three existing o f f i c e s engaging in the following a c t i v i t i e s ((1) making
d i r e c t consumer loans, including loans secured
by real estate, and purchasing sales finance
contracts representing extensions of credit
such as would be made or acquired by a consumer
finance company, and wholesale financing [ f l o o r
planning] and ( i i ) acting as agent for the sale
of related credit l i f e , c r e d i t accident and
health and credit property insurance, credit
l i f e and credit accident and health insurance
sold as agent may be underwritten or reinsured
by BarclaysAmericanCorporation's insurance
underwriting subsidiaries) from 321 South Hal 1
Street, Alcoa, Tennessee to 2590 Airport Highway, Alcoa, Tennessee, through t h e i r subsidiary,
BarclaysAmericanFinancial, Inc. (a North Carolina
corporation); from 39 South 8th Street, Fayette,
Idaho, to 1159 S.W. 4th Avenue, Ontario, Oregon,
through i t s subsidiary, BarclaysAmericanFinancial,
Inc. (a North Carolina corporation); from 208
North Trenton Street, Ruston, Louisiana, to 1515
Stubbs Avenue, Monroe, Louisiana, through i t s
subsidiaries, BarclaysAmericanFinancial, Inc.
(a North Carolina corporation) and BarclaysArnerican/Financial, Inc. (a Texas corporation) (9/9/82)

New York

Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, requests permission to relocate two existing offices engaging
in the following a c t i v i t i e s ((1) making d i r e c t
consumer loans, including loans secured by real
estate, and purchasing sales finance contracts




H.2, 1982 No. 37

-20-

APPLICATIONS RECEIVED - Continued
representing extensions of credit such as would
be made or acquired by a consumer finance company,
and wholesale financing [ f l o o r planning] and
( i i ) acting as agent for the sale of related
c r e d i t l i f e , c r e d i t accident and health and
credit property insurance, c r e d i t l i f e and c r e d i t
accident and health insurance sold as agent may
be underwritten or reinsured by Bare!aysAmericanCorporation's insurance underwriting subsidiaries)
from 1211 South Tryon Street, Charlotte, North
Carolina to Suite 100, 4801 East Independence
Boulevard, Charlotte, North Carolina and fron 107
South Main Street, Salisbury, North Carolina to
310 S t a t e s v i l l e Boulevard, Salisbury, North Carol i n a , through t h e i r subsidiaries, BarclaysAmerican/
Financial, I n c . , BarclaysAmerican/Financial
Services, I n c . , and BarclaysAmerican/Mortgage,
Inc. (9/8/82)
New York

The Chase Manhattan Corporation, New York, New York,
requests permission to establish a de novo o f f i c e
engaging in the following a c t i v i t i e s (performing
the a c t i v i t i e s that may be conducted by a t r u s t
company including a c t i v i t i e s of a f i d u c i a r y , i n vestment advisory, agency or custodian nature in
the manner authorized by Federal or state law) at
Arvida Financial Plaza, 5550 Glades Road, Boca
Raton, Palm Beach, Florida, serving the entire
State of Florida with a primary service area of
Palm Beach and Brevard counties, through i t s subs i d i a r y , The Chase Manhattan Trust Company of
F l o r i d a , National Association (9/10/82)

Richmond

Dominion Bankshares Corporation, Roanoke, V i r g i n i a ,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (performing or carrying on any one or more
of the functions or a c t i v i t i e s that may be performed or carried on by a t r u s t company) at 213
South Jefferson Street, Roanoke; 186 North Loudoun
Street, Winchester; 830 East Street, Richmond; and
RNB Center, Harrisonburg, V i r g i n i a , serving the
following Virginia areas: Roanoke SMSA, Richmond
SMSA; the c i t i e s of Covington, Lexington, Buena
Vista, Galax, Bedford, Harrisonburg, and Winchester;
the counties of Alleghany, Rockbridge, Bedford,
Giles, Wythe, C a r r o l l , Grayson, Tazewell, Smyth,
Russell, Wise, Rockingham, August, and Frederick,
through a subsidiary, Dominion Trust Company (9/9/82)




H.2. 1982 No. 37

-

2)

-

APPLICATIONS RECEIVED - Continued
Richmond

Union Trust Bancorp, Baltimore, Maryland, notification
of intent to engage in de novo activities (making
installment loans to individuals for personal,
family or household purposes; purchasing sales
finance contracts executed in connection with the
sale of personal, family or household goods or services; acting as agent in the sale of credit l i f e
and credit accident and health insurance directly
related to i t s extensions of credit; acting as
agent in the sale of insurance protecting collateral held against extensions of credit; and
making second mortgage loans secured in whole or
in part by mortgages or liens on real estate)
at 712 Timberlake Shopping Center, Virginia Beach,
Virginia, serving the town in which that office is
located and the surrounding rural area, through
i t s subsidiary, Landmark Financial Services, Inc.
(9/7/82)

Chicago

Heritage Wisconsin Corporation, Wauwatosa, Wisconsin,
notification of intent to engage in de novo a c t i vities (to engage in the sale of crop hail insurance
in connection with agricultural loans) at 2323
North Mayfair Road, Milwaukee, Wisconsin; Heritage
Bank Beloit, 500 East Grand Avenue, Beloit, Wisconsin, and Heritage Bank of West Bend, 868 South
Main Street, West Bend, Wisconsin, serving the
Beloit and West Bend communities and surrounding
rural areas, through i t s subsidiary, Heritage Insurance Agency, Inc. (8/31/82)

San
Francisco

Canadian Imperial Bank of Commerce, Toronto, Canada
and Canadian Imperial Holdings, Inc., Wilmington,
Delaware, notification of intent to relocate the
headquarters of their indirect subsidiary and to
engage in the following activities (to engage in
the leasing of real and personal property, the
proposed leasing activities w i l l consist primarily
of large-scale, commercial leases) from Chicago,
I l l i n o i s to New York, New York, serving the
States of New York, California, I l l i n o i s , Georgia
and Pennsylvania, through an indirect subsidiary,
Canadian Imperial Leasing, Inc. (9/7/82)

San
Francisco

Security Pacific Corporation, Los Angeles, California,
notification of Intent to engage in de novo activities (to engage in the origination and acquisition
of mortgage loans, including development and con-




H.2, 1982 No. 37

- 22 -

APPLICATIONS RECEIVED - Continued
struction loans on m u l t i - f a m i l y and commercial properties for Security Pacific Mortgage Corporation's
own account or for sale to others; the servicing of
such loans for others; and acting as broker or agenc
for the sale of credit-related l i f e , accident and
health insurance) in Tampa, F l o r i d a , serving the
State of Florida, through i t s subsidiary, Security
Pacific Mortgage Corporation (9/8/82)
San
Francisco




U. S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of intent
to engage in de novo activities (making, acquiring
and servicing of loans and other extensions of credit
either secured or unsecured for i t s own account or
for the account of others, including the making of
consumer installment loans, purchasing consumer i n stallment and real estate sales finance contracts
and evidences of debt and making consumer home
equity loans secured by real estate, making indust r i a l loans, and acting as insurance agent with
regard to credit l i f e and disability insurance,
solely in connection with extensions of c r e d i t by
Bancorp Financial) at 3315 North Academy Blvd.,
Colorado Springs, Colorado, the geographic area to
be served by the proposed office w i l l be the entire
city of Colorado Springs, Colorado, through i t s subsidiary, U. S. Bancorp Financial, Inc. d/b/a U. S.
Bancorp Financial Services, Inc. (9/9/82)

REPORTS RECEIVED
Ownership Statement Filed Pursuant to Section 13(d)
of the Securities Exchange Act
The Lawrence County Bank
Lawrenceburg, Tennessee
Filed by:
John N. Beasley
G. Powell Bilyeu
Mrs. Louise Brown
Mrs. Avaleen Harwell
George W. Smith
Jim Wasson
H. L. Wasson




H.2, 1982 No. 37

- 23 -

APPLICATIONS RECEIVED - Continued
Tender Offer Statement Filed Pursuant to Section
14(d) of the Securities Exchange Act
The Bank of Vienna
Vienna, Virginia
Filed by:
Bank of Virginia Company (Supplement)
Richmond, Virginia

PETITIONS FOR RULEMAKING
None.