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A N N O U N C E M E N T BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1981 No.37 A c t i o n s of the B o a r d ; A p p l i c a t i o n s and R e p o r t s Received APPLICABLE RESERVE BANK Chicago During the W e e k E n d i n g S e p t e m b e r 12, 1981 A C T I O N S OF T H E B O A R D C i t i z e n s B a n c o r p o r a t i o n , S h e b o y g a n , W i s c o n s i n , e x t e n s i o n of time to N o v e m b e r 7, 1981, w i t h i n w h i c h to acquire 80 percent or m o r e of the v o t i n g shares of Gillett S t a t e Bank, G i l l e t t , W i s o n s i n . U Dal las First E a s t e x B a n c s h a r e s , Inc., Buna, Texas, e x t e n s i o n of time to O c t o b e r 26, 1981, w i t h i n which to c o n s u m a t e the a c q u i s i t i o n of East T e x a s State B a n k , Buna, T e x a s . If Chicago First S o u t h e a s t B a n k i n g C o r p . , D a r i e n , W i s c o n s i n , e x t e n s i o n of time to N o v e m b e r 4, 1981, w i t h i n w h i c h to a c q u i r e 62.06 p e r cent or m o r e of the v o t i n g s h a r e s of First B a n k S o u t h e a s t , N.A., K e n o s h a , W i s c o n s i n , and 8 0 percent or m o r e of the v o t i n g s h a r e s o f First B a n k Southeast of Silver L a k e , Silver Lake, W i s c o n s i n . _1/ St. S h e l b y v i l l e B a n c s h a r e s , Inc., S h e l b y v i l l e , M i s s o u r i , e x t e n s i o n of time to O c t o b e r 10, 1981, w i t h i n which to a c q u i r e Farmers and M e r c h a n t s B a n k of G r e e n R i d g e , G r e e n Ridge, M i s s o u r i . If Louis Chicago W o r t h B a n c o r p , Inc., C h i c a g o , I l l i n o i s , e x t e n s i o n of time to O c t o b e r 23, 1981, w i t h i n w h i c h to become a bank h o l d i n g c o m p a n y through the a c q u i s i t i o n of 80 percent or m o r e of the v o t i n g s h a r e s of W o r t h Bank and T r u s t , W o r t h , I l l i n o i s , and to e n g a g e in insurance a c t i v i t i e s through a de novo s u b s i d i a r y , Worbank Insurance Agency, Inc. J J K a n s a s City W y o m i n g N a t i o n a l C o r p o r a t i o n , C a s p e r , W y o m i n g , e x t e n s i o n of time to J a n u a r y 8, 1982, w i t h i n w h i c h to c o n s u m m a t e the a c q u i s t i o n o f First B a n s h a r e s of W y o m i n g , C h e y e n n e , W y o m i n g . J j Atlanta Bank of N e w O r l e a n s and Trust C o m p a n y , N e w O r l e a n s , L o u i s i a n a , e x t e n s i o n of time to N o v e m b e r 3 0 , 1981, w i t h i n w h i c h to open a n a u t o m a t e d teller facility at 801 C h a r t r e s S t r e e t , N e w O r l e a n s , L o u i s i a n a . 1/ y A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of G o v e r n o r s u n d e r d e l e g a t e d authority H.2, 1981 No. 37 — 2 - ACTIONS OF THE BOARD-Continued Atlanta Bank of New Orleans and Trust Company, New Orleans, Louisiana, extension of time to February 28, 1982, within which to establish a branch at 3535 General DeGaulle Drive, New Orleans, Louisiana. _1/ New York Bankers Trust Company, New York, New York, extension of time to October 26, 1982, within which to establish an initial branch office in Taipei, Taiwan. 1/ Cleveland Lorain County Savings & Trust Co. bank premises. 1/ Chicago Manufacturers National Bank of Detroit, Detroit, Michigan, extension of time to July 16, 1982, within which to make an additional investment in Atlantic International Bank Limited, London, England. 1/ Chicago Security Bank and Trust Company, Southgate, Michigan, extension of time to March 17, 1982, within which to establish a branch at the northeast corner of A l l e n Road and Keppen Street, Allen Park, Michigan. 1/ San Francisco Termination of registration under Regulation G for: Patagonia Corporation, Tucson, Arizona, Hawaii Production Credit Association, Honolulu, Hawaii and Teachers Credit Union, Los Angeles, California. 1/ Richmond Termination of registration under Regulation G of Rusch Factors Division of BVA Credit Corporation, Richmond, Virginia. 1/ New York Termination of registration under Regulation G of the Dreyfus Corporation, New York, New York. J L / Dallas Allied Bank, Interstate 10, Houston, Texas, proposed merger with Interstate Bank, Houston, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. \J Dallas Allied Bank, Marshall, Texas, proposed merger with The Peoples State Bank, Marshall, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Atlanta A u b u r n Bank and Trust Company, Auburn, Alabama, proposed merger with Southern Bank of Lee County, Smiths, Alabama; report to the Comptroller of the Currency on competitive factors. J L / Elyria, Ohio, investment in 1/ A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H.2, 1981 No. 37 - 3 A C T I O N S OF THE B O A R D - C o n t i n u e d Atlanta Bank of St. F r a n c i s v i l l e , St. F r a n c i s v i l l e , L o u i s i a n a , proposed m e r g e r with St. F r a n c i s v i l l e Bank, St. F r a n c i s v i lie, Louisiana; report to the Federal Deposit Insurance C o r p o r a t i o n on c o m p e t itive factors. J 7 San Francisco C o n t i n e n t a l Bank, Alharabra, C a l i f o r n i a , proposed m e r g e r with T o k a i Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a ; report to the Federal Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e factors. V Dallas First State Bank, A r a n s a s Pass, Texas, proposed m e r g e r with New First State Bank, A r a n s a s Pass, T e x a s ; report to the F e d e r a l Deposit Insurance C o r p o r a t i o n on c o m p e t i t i v e factors. y Dallas J a c i n t o City Bank, H o u s t o n , T e x a s , proposed m e r g e r with New J a c i n t o City Bank, H o u s t o n , T e x a s ; report to the Federal Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e factors. _1/ Dallas Lake J a c k s o n Bank of Lake J a c k s o n , Lake J a c k s o n , Texas, proposed m e r g e r with N e w Lake J a c k s o n Bank, L a k e J a c k s o n , T e x a s ; report to the Federal Deposit Insurance C o r p o r a t i o n on competitive factors. J V Chicago P e o p l e s S t a t e Bank of East T a w a s , East Tawas, M i c h i g a n , proposed m e r g e r with PS Bank, East Tawas, M i c h i g a n , under the charter of Peoples State Bank of East T a w a s , and title of M i c h i g a n Bank - Huron; report to the Federal Deposit I n s u r ance C o r p o r a t i o n on c o m p e t i t i v e factors. JL/ Dallas R a y m o n d v i 1 l e Bank of Texas, R a y m o n d v i 1 l e , T e x a s , proposed merger with R B T Bank, R a y m o n d v i 1 l e , T e x a s ; report to the FederaI Deposit Insurance C o r p o r a t i o n on c o m p e t i t i v e factors. 1/ Chicago R e p u b l i c N a t i o n a l Bank in C h a m p a i g n , C h a m p a i g n , Illinois, proposed m e r g e r with The First National Bank in C h a m p a i g n , C h a m p a i g n , Illinois, under charter of Republic National Bank in C h a m p a i g n , and title of The First N a t i o n a l Bank in C h a m p a i g n ; report to the C o m p t r o l l e r of the C u r r e n c y on c o m p e t itive factors. J L / Atlanta Trust C o m p a n y Bank of H o u s t o n C o u n t y , N.A., W a r n e r Robins, G e o r g i a , proposed merger with The First N a t i o n a l Bank & Trust C o m p a n y in M a c o n , M a c o n , G e o r g i a ; report to the C o m p t r o l l e r of the C u r r e n c y on c o m p e t i t i v e factors. 1/ 1/ A p p l i c a t i o n processed authority. on b e h a l f of the Board of G o v e r n o r s I under delegated H.2, 1981 N o . 37 - 4 ACTIONS OF THE BOARD-Continued T o E s t a b l i s h a D o m e s t i c B r a n c h Pursuant to S e c t i o n 9 of the F e d e r a l R e s e r v e Act New York Approved United J e r s e y Bank, H a c k e n s a c k , N e w J e r s ^ v . To e s t a b l i s h four o f f s i t e e l e c t r o n i c facility o f f i c e s at the following locations: J7 1. Rt. 70 and F r o n t a g e Road, C h e r r y H i l l , N e w J e r s e y 2. Rt. 130 and C h u r c h Road, C i n n a m i n s o n , N e w J e r s e y 3. # 8 B l a c k H o r s e Pike and W i l l o w A v e n u e , W i l l i a m s town, New Jersey 4 . 100 C o l l e g e Road E a s t , P l a i n s b o r o T o w n s h i p , N e w J e r s e y New York Irving Trust C o m p a n y , N e w Y o r k , N e w Y o r k . To e s t a b l i s h a limited purpose branch at 20 E x c h a n g e P l a c e , New Y o r k , N e w Y o r k . \J Philadelphia United J e r s e y B a n k / S o u t h w e s t , C h e r r y Hill, N e w J e r s e y . To e s t a b l i s h o f f s i t e e l e c t r o n i c facilities at the following locations: 1/ 1. P a r s i p p a n y O f f i c e , Routes 202 & 46, P a r s i p p a n y , New J e r s e y 2. W e s t w o o d O f f i c e , 1 Westwood A v e n u e , W e s t w o o d , N e w Jersey 3. Lake H i a w a t h a O f f i c e , 4 8 0 N. B e v e r b y c k Rd., Lake H i a w a t h a , New Jersey 4 . S c r a n t i c o n - P r i n c e t o n C o n f e r e n c e Center & Hotel, P r i n c e t o n F o r r e s t a l C e n t e r , 100 C o l l e g e Road East, P l a i n s b o r o Twp., New Jersey * * * * * To Become a M e m b e r of the F e d e r a l R e s e r v e System Pursuant to S e c t i o n 9 of the F e d e r a l R e s e r v e Act Dallas 1/Application ~~ authority. Approved C i t i z e n s B a n k & T r u s t , M a n v e 1 , T e x a s . 1/ processed on b e h a l f of the B o a r d of G o v e r n o r s under d e l e g a t e d H.2, 1981 N o . 37 - 5 A C T I O N S OF THE B O A R D - C o n t i n u e d Issued Intent Not to D i s a p p r o v e C h a n g e of C o n t r o l P u r s u a n t to Change in Bank Control Act of 1978 K a n s a s City Not D i s a p p r o v e d The G r e s h a m C o m p a n y , Greshara, N e b r a s k a . JL/ * * * * * A p p l i c a t i o n s and N o t i f i c a t i o n s for International I n v e s t m e n t s and Other A c t i o n s Pursuant to S e c t i o n s 25 and 2 5 ( a ) of the Federal R e s e r v e Act and Sections 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the B a n k H o l d i n g C o m p a n y Act of 1956, as a m e n d e d New York Approved A l l i e d B a n k International N e w Y o r k , New York: grants consent to r e d e e m 4 0 0 shares of the preferred stock issued in 1978 and held by M i c h i g a n N a t i o n a l Bank and 2,672 shares of the p r e f e r r e d stock issued in 1979 being 668 shares held by each of B a n k of the S o u t h w e s t , N.A., First H a w a i i a n Bank, Trust C o m p a n y Bank and Valley N a t i o n a l Bank of A r i z o n a . New York Banco U n i o n C.A., C a r a c a s , V e n e z u e l a and U n i o n C h e l s e a National Bank, N e w Y o r k , N e w York: g r a n t s c o n s e n t s to (1) establish an E d g e Act C o r p o r a t i o n in M i a m i , Florida to be named Union C h e l s e a International C o r p o r a t i o n and (2) e s t a b l i s h an initial b r a n c h in Grand Cayman, Cayman Islands. New York C i t i b a n k , N . A . , N e w York, N e w Y o r k : grants consent to continue to hold shares of The M e r c a n t i l e Bank of C a n a d a after M e r c a n t i l e e s t a b l i s h e s a s u b s i d i a r y to do business in the United States. * * * * * Sixty D a y N o t i f i c a t i o n Period Allowed Chicago to E x p i r e Detroit B a n k and Trust C o m p a n y , Detroit, M i c h i g a n : no objection to m a k e an investment in Indianhead F i n a n c i a l S e r v i c e s Limited, Toronto, Ontario, Canada. 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of G o v e r n o r s under delegated Authority. I H.2, 1981 No. 37 - 6 A C T I O N S OF THE BOARD-Continued San Francisco Bank of A m e r i c a N.T. & S.A., San Francisco, California: no objection to make a subordinated loan to European Brazilian Bank Limited, L o n d o n , E n g l a n d . * * * * * T o Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Cleveland Approved First Bancorporation of O h i o , Akron, O h i o , for approval to acquire 100 percent of the voting shares of The First National Bank of Akron, Akron, Ohio and The Old Phoenix National Bank of M e d i n a , Medina, O h i o . Atlanta The International Bank-Holding Company of Florida N.V., and The International Bank of Florida, Inc., both of South M i a m i , Florida, for approval to acquire 100 percent of the voting shares of The International Bank of M i a m i , National Association, South Miami, Florida, Chicago Cedar Linn Investment Co., L i s b o n , Iowa, for approval to acquire 98.9 percent of the voting shares of Lisbon Bank and Trust Company, L i s b o n , Iowa. 1/ Chicago Elgin National Bancorp, Inc., Elgin, Illinois, for approval to acquire 80 percent or m o r e of the voting shares of The Elgin National B a n k , Elgin, Illinois. St. L o u i s First Financial Bancshares, Inc., Arkadelphia, Arkansas, for approval to acquire at least 80 percent of the voting shares of M e r c h a n t s & Planters Bank & Trust Comapny, Arkadelphia, Arkansas. U Minneapolis Banc 1 Minnesota, Wayzata, Minnesota, for approval to acquire 100 percent of the voting shares of First National Bank of Wayzata, Wayzata, Minnesota. _1/ M i n e n a p o lis Johnson Bancshares, Inc., Chat field, Minnesota, for approval to acquire at least 82.2 percent of the voting shares of Root River State Bank, Chat field, Minnesota. J_/ Minneapolis Prairie Bancshares Corporation, Shelby, Montana, for approval to acquire at least 99.4 percent of the voting shares of The First State Bank of Shelby, Shelby, Montana. 1/ 1/ A p p l i c a t i o n processed authori ty. on behalf of the Board of Governors under delegated H.2, 1981 N o . 37 - 7 A C T I O N S OF THE B O A R D - C o n t i n u e d K a n s a s City Byers B a n c s h a r e s , I n c . , C r e t e , N e b r a s k a , for approval to acq u i r e Byers S t a t e B a n c s h a r e s , Inc., Byers, C o l o r a d o and indirect ly 1 0 0 percent of the voting shares of The Byers State Bank, Byers, Colorado. JL_/ K a n s a s City W a s h i t a B a n c s h a r e s , I n c . , Burns F l a t , O k l a h o m a , for approval to a c q u i r e at least 80 percent of the v o t i n g shares of W a s h i t a S t a t e Bank, Burns F l a t , O k l a h o m a . JL/ Dallas C o n t i n e n t a l N a t i o n a l B a n c s h a r e s , Inc., El P a s o , T e x a s , for ap- proval to a c q u i r e at least 80 percent of the voting shares of C o n t i n e n t a l N a t i o n a l B a n k , El Paso, T e x a s . 1/ * * * * * To Expand a B a n k H o l d i n g C o m p a n y Pursuant to S e c t i o n 3 ( a ) ( 3 ) of the Bank H o l d i n g C o m p a n y Act of 1956 Approved Atlanta F i r s t B a n k e r s C o r p o r a t i o n of F l o r i d a , P o m p a n o B e a c h , F l o r i d a , for approval to acquire at least 80 percent of the voting s h a r e s of B o c a Raton N a t i o n a l Bank, B o c a R a t o n , F l o r i d a . 1/ Dallas First City B a n c o r p o r a t i o n of T e x a s , I n c . , H o u s t o n , T e x a s , for a p p r o v a l to acquire 100 percent of the v o t i n g s h a r e s of the s u c c e s s o r by m e r g e r to the Fort Bend National Bank of R i c h m o n d , R i c h m o n d , T e x a s . 1/ Dallas First W e s t e r n B a n s c h a r e s , I n c . , H o u s t o n , T e x a s , for approval to acquire 100 percent of the v o t i n g shares of F i r s t W e s t e r n Bank, H o u s t o n , T e x a s , a proposed new b a n k . 1/ K a n s a s City Denied First State H o l d i n g C o m p a n y , Inc., Joplin, M i s s o u r i , for approval to a c q u i r e 83 percent of the voting shares of The First N a t i o n a l B a n k of S a r c o x i e , S a r c o x i e , M i s s o u r i . 1/ A p p l i c a t i o n processed authority. on b e h a l f of the Board of Governors under delegated H.2, 1981 No. 37 - 8 ACTIONS OF THE BOARD-Cont inued To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Chicago First A m e r i c a n Bank Corporation, Kalamazoo, Michigan, for approval to merge with Northern States Bancorporat ion, Inc., Detroit, Michigan and indirectly acquire City National Bank of Detroit, Detroit, Michigan; First Citizens Bank, Troy, Michigan; First National Bank of Plymouth, Plymouth, Michigan and National Bank of Rochester, Rochester, Michigan. * * * * * To Expand a Bank Holding Company Pursuant to Section 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 Kansas City Chicago Minneapolis New York Correction: Delete Thomas County Bankshares of Colby, Kansas, Inc., Colby, Kansas, for approval to indirectly acquire 100 percent of the voting shares of Thomas County Insurance Agency, Inc., Colby, Kansas. Approved First A m e r i c a n Bank Corporation, Kalamazoo, Michigan, for approval to acquire all of the outstanding shares of Kelly Mortgage and Investment Company, a wholly owned nonbank subsidiary of Northern States Bancorporation, Inc., Detroit, Michigan, and thereby engage in servicing loans and other extensions of credit. Northwest Bancorporation, Minneapolis, Minnesota, for approval to engage de novo through its subsidiary, Banco Incorporated, Minneapolis, Minnesota, in providing audit services to nonaffiliated banks. Delayed Citicorp, New York, New York, requests permission to expand the activities of a proposed de novo office engaging in the following activity (the sale of credit related property and casualty insurance protecting real and personal property subject to a security agreement with Citicorp Acceptance Company, Inc. to the extent permissible under applicable State insurance laws and regulations; the service area for this _3/ 4 ( c ) ( 8 ) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 1 H.2, 1981 No. 37 - 9 A C T I O N S OF THE BOARD-Cont inued a c t i v i t y will be comprised of the entire S t a t e s of M i s s o u r i and I l l i n o i s ) at 666 M a s o n Ridge Center Drive, St. L o u i s , M i s s o u r i , through its s u b s i d i a r y , C i t i c o r p A c c e p t a n c e C o m p a n y , Inc. ( 9 / 8 / 8 1 ) 3/ New Y o r k C i t i c o r p , N e w Y o r k , N e w Y o r k , r e q u e s t s p e r m i s s i o n to e x p a n d the a c t i v i t i e s of an existing office including the following activity (the sale of credit related p r o p e r t y and c a s u a l t y insurance protecting real and p e r s o n a l property subject to a security agreement with C i t i c o r p A c c e p t a n c e C o m p a n y , Inc. to the extent p e r m i s s i b l e under a p p l i c a b l e State insurance laws and r e g u l a t i o n s ; the service area for this a c t i v i t y will be c o m p r i s e d of the entire State of T e x a s ) at 2426 Cee Gee S t r e e t , Suite 202, San A n t o n i o , T e x a s , through its s u b s i d i a r y , C i t i c o r p A c c e p t a n c e C o m p a n y , Inc. ( 9 / 1 1 / 8 1 ) 3/ New Y o r k N e w York Permitted B a r c l a y s B a n k L i m i t e d , L o n d o n , England and B a r c l a y s Bank International Limited, London, England, requests perm i s s i o n to r e l o c a t e an e x i s t i n g office e n g a g i n g in the f o l l o w i n g a c t i v i t i e s (servicing and a d m i n i s t e r i n g c o m m e r c i a l loans m a d e to c u s t o m e r s in n o r t h e a s t e r n United S t a t e s b y the northeast m a r k e t i n g c e n t e r ) from 30 F o u n d e r s Plaza, East H a r t f o r d , C o n n e c t i c u t to W e s t e r n B o u l e v a r d , G l a s t o n b u r y , C o n n e c t i c u t , through their subs i d i a r y , B a r c l a y s A m e r i c a n / B u s i n e s s C r e d i t , Inc. ( 9 / 1 1 / 8 1 ) 3/ C i t i c o r p , N e w Y o r k , New Y o r k , requests p e r m i s s i o n to establish a de n o vo office e n g a g i n g in the following act ivit i e s T m a k i n g or a c q u i r i n g , for its own account or for the account of o t h e r s , c o m m e r c i a l loans and other e x t e n s i o n s of credit including, but not limited to, the b u s i n e s s of factoring and a s s e t - b a s e d f i n a n c i n g ; and leasing personal or real property or acting as a g e n t , b r o k e r or adviser in leasing such property and s e r v i c i n g such leases subject to all of the q u a l i f i c a t i o n s specified in 12 C . F . R . 2 2 5 . 4 ( a ) ( 6 ) ( a ) and (b) where the leases serve as the functional equivalent of an e x t e n s i o n of credit to the lessee of the p r o p e r t y ) at 2100 Two A l l e n c e n t e r , 1200 Smith Street, H o u s t o n , Texas, through its s u b s i d i a r y , C i t i c o r p Industrial C r e d i t , Inc. ( 9 / 6 / 8 1 ) _3/ 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by R e s e r v e Bank on behalf of of G o v e r n o r s under d e l e g a t e d a u t h o r i t y . I the Board H.2, 1981 N o . 37 10 A C T I O N S OF THE B O A R D - C o n t i n u e d New York Citicorp, New York, New York, requests permission to expand the a c t i v i t i e s of existing offices i n c l u d i n g the following a c t i v i t i e s (the sale of credit related life and accident and health or decreasing or level (in the case of single payment l o a n s ) term life insurance by licensed agents or b r o k e r s , as required; p r e v i o u s l y approved activities include the m a k i n g , a c q u i r i n g , and servicing of second liens on r e s i d e n t i a l real estate; the service area of the two offices w o u l d be c o m p r i s e d of the entire State of O h i o for all the a f o r e m e n t i o n e d activities; credit related life, a c c i d e n t , and health i n s u r a n c e m a y be w r i t t e n b y Family G u a r d i a n Life Insurance C o m p a n y , a n a f f i l i a t e of C i t i c o r p P e r s o n to-Person M o r t g a g e C o r p o r a t i o n ) at 100 Tri C o u n t y P a r k way, S u i t e 314, S p r i n g d a l e , O h i o and 1440 Snow R o a d , Suite 105, P a r m a , O h i o , through its subsidiary, C i t i c o r p P e r s o n - t o - P e r s o n M o r t g a g e C o r p o r a t i o n ( 9 / 1 1 / 8 1 ) _3/ At lant a First R a i l r o a d and B a n k i n g C o m p a n y , A u g u s t a , G e o r g i a , n o t i f i c a t i o n of intent to engage in de novo activities (making or a c q u i r i n g for its own account or for the account of o t h e r s , loans and other extensions of credit p r i n c i p a l l y c o n s i s t i n g of insurance premium f i n a n c i n g ) to expand its activities into the State of T e x a s , a n d will be operated out of offices in C h a r l o t t e , N o r t h C a r o l i n a , through a subsidiary, C a p i t o l P r e m i u m P l a n , Inc. (9/11/81) 3/ Chicago Griswold State B a n c s h a r e s , Inc., G r i s w o l d , Iowa, n o t i f i c a t i o n of intent to engage in de novo activities (providing b o o k keeping or data processing services for the internal operations of the holding c o m p a n y and its subsidiaries and storing and p r o c e s s i n g other b a n k i n g , financial or related economic data such as p e r f o r m i n g p a y r o l l , accounts r e c e i v a b l e or p a y a b l e , or billing services and tax r e c o r d k e e p i n g ; such services w o u l d also be provided for customers of P r o k o p Insurance A g e n c y ; a c t i v i t i e s w o u l d conform to Section 2 2 5 . 4 ( a ) ( 8 ) ( i ) & (ii) of R e g u l a t i o n Y ) at 600 Main S t r e e t , G r i s w o l d , I o w a , the g e o g r a p h i c scope is G r i s w o l d , Iowa and the s u r r o u n d i n g m a r k e t . (9/11/81) 3/ St. L o u i s Citizens F i d e l i t y C o r p o r a t i o n , L o u i s v i l l e , K e n t u c k y , n o t i fication of intent to engage in de n o v o a c t i v i t i e s ((1) leasing of personal property and equipment including, but not limited to, business e q u i p m e n t , c o m p u t e r s , h o s p i t a l 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by R e s e r v e Bank on behalf of of G o v e r n o r s under delegated a u t h o r i t y . the Board H.2, 1981 N o . 37 - 1L - ACTIONS OF THE BOARD-Continued e q u i p m e n t , b a n k i n g equipment of all types as we 11 as r o l l i n g stock and (2) acting as agent, b r o k e r or adviser in the leasing of such p r o p e r t y in a m a n n e r such that the leasing w o u l d serve as a functional e q u i v a l e n t of an e x t e n s i o n of c r e d i t ) in C h a r l o t t e , North C a r o l i n a , s e r v ing the State of N o r t h C a r o l i n a , South C a r o l i n a and V i r g i n i a , through its s u b s i d i a r y , C i t i z e n s F i d e l i t y L e a s i n g C o r p o r a t i o n ( 9 / 8 / 8 1 ) J3/ San Francisco B a n k A m e r i c a C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i fication of intent to e n g a g e in de novo a c t i v i t i e s (making or a c q u i r i n g for its own account loans and other e x t e n s i o n s of credit such as would be m a d e or a c q u i r e d by a finance c o m p a n y , servicing loans and other e x t e n s i o n s of c r e d i t , and offering credit related life i n s u r a n c e , credit related accident and h e a l t h insurance and credit related p r o p e r t y insurance; such a c t i v i t i e s will include, but not be limited to, m a k i n g consumer installment loans, p u r c h a s i n g installment sales finance c o n t r a c t s ; m a k i n g loans and other e x t e n s i o n s of credit to small b u s i n e s s e s ; and m a k i n g loans and other e x t e n s i o n s of credit secured by real and personal property; and offering credit related life, credit related accident and h e a l t h and credit related p r o p e r t y insurance d i r e c t l y related to e x t e n s i o n s of credit m a d e or acquired by F i n a n c e A m e r i c a C o r p o r a t i o n ) at 6 1 2 R i t c h i e H i g h w a y , Severna Park, M a r y l a n d , serving the e n t i r e State of M a r y l a n d , through its indirect s u b sidiary, FinanceAmerica Corporaton t i o n ) ( 9 / 1 1 / 8 1 ) 3/ (a M a r y l a n d C o r p o r a - San Francisco Rainier B a n c o r p o r a t i o n , S e a t t l e , W a s h i n g t o n , n o t i f i c a t i o n of intent to e n g a g e in dje novo a c t i v i t i e s (making or a c q u i r i n g for its own account or for the account of o t h e r s loans or other e x t e n s i o n s of c r e d i t ) in P h o e n i x , A r i z o n a serving M a r i c o p a , Y a v a p a i , Yuma and Pinal C o u n t i e s and in S i e r r a Vista, A r i z o n a , serving Cochise and Pima C o u n t i e s , through its s u b s i d i a r y , Rainier M o r t g a g e C o m p a n y ( 9 / 7 / 8 1 ) 3/ San Francisco S e c u r i t y P a c i f i c C o r p o r a t i o n , L o s Angeles, C a l i f o r n i a , not i f i c a t i o n of intent to engage in die novo a c t i v i t i e s (making or a c q u i r i n g for its own account or for the account of o t h e r s , asset based b u s i n e s s loans and other c o m m e r c i a l or i n d u s t r i a l loans and e x t e n s i o n s of credit such as would 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by R e s e r v e Bank on b e h a l f of of G o v e r n o r s under d e l e g a t e d a u t h o r i t y . the Board H.2, 1981 No. 37 - 12 A C T I O N S OF THE BOARD-Continued be made by a factoring, rediscount or commercial finance company, and leasing and servicing activities with respect to personal property and equipment and real property) at 5 Thomas M e l l o n Circle, San Francisco Executive Park, San Francisco, California, serving the United States, through its subsidiary, Security Pacific Finance Corp. (9/8/81) 3/ 3/ 4 ( c ) ( 8 ) Applications processed on behalf of the Board of Governors under delegated authority. H.2, 1981 No. 37 - 13 APPLICATIONS To Establish 9 of Chicago Wayne the a Domestic Federal Bank and Chicago Bentonville branch Atlanta Pursuant Company, Cambridge at 4 4 0 3 E a s t 505 West 30th Street, at the intersection City, Indiana. Richmond, Indiana. Indiana. Florida. of U . S . H i g h w a y Michigan Avenue, Kissimmee, Florida. To e s t a b - Indiana. To e s t a b l i s h Connersville, Bank of K i s s i m m e e , K i s s i m m e e , a branch to S e c t i o n Street, Main State Bank, Bentonville, at Flagship Branch Reserve Act Trust lish a b r a n c h RECEIVED 2/ a 2/ To e s t a b l i s h 192 East and 2/ * * * * * To M e r g e Deposit Chicago Citizens with Pursuant to S e c t i o n 18(c) of the F e d e r a l I n s u r a n c e Act Commercial & Savings C-B State Bank, Bank, Flint, Michigan, Flint, Michigan. to m e r g e 2/ * * * * * A p p l i c a t i o n s and notifications for International Invest- m e n t s and O t h e r A c t i o n s P u r s u a n t 2 5 ( a ) of the F e d e r a l R e s e r v e Act to S e c t i o n s 25 and and S e c t i o n s 4 ( c ) ( 9 ) and C o m p a n y Act 4 ( c ) ( 1 3 ) of the B a n k H o l d i n g of 1956, as a m e n d e d New York Citibank, N.A., intent New York, New York, to a c q u i r e de n o v o and hold prior 100 p e r c e n t foreign bank, Citibank Finland n o t i f i c a t i o n of of the shares Limited, its of a Helsinki, Finland. New York C i t i b a n k , N . A . , N e w Y o r k , N e w Y o r k , o n b e h a l f of its w h o l l y o w n e d E d g e Act C o r p o r a t i o n C i t i b a n k O v e r s e a s I n v e s t m e n t Corporation, Wilmington, Delaware, COIC to c o n t i n u e voting after Assurance underwriting subject Affairs Officer as to the of length of requests i n d i r e c t ly, s h a r e s of C i t i b a n k A s s u r a n c e England 2/ A p p l i c a t i o n to h o l d , life engages insurance the comment period. in the Act. of Company Limited, general in the U n i t e d to C o m m u n i t y R e i n v e s t m e n t the a p p l i c a b l e R e s e r v e consent LOO p e r c e n t for the London, activity Kingdom. The C o m m u n i t y B a n k m a y be c o n t a c t e d of 2, 1981 N o 37 - 1 4 APPLICATIONS RECEIVED-Continued New York C i t i b a n k O v e r s e a s Investment C o r p o r a t i o n , W i l m i n g t o n , D e l a w a r e , prior n o t i f i c a t i o n of its intent to acquire and hold 70 percent of the shares of C i t i c o r p N e w Zealand L i m i t e d , A u c k l a n d , N e w Z e a l a n d , a de n o v o n o n - b a n k financial i n s t i t u t i o n . Philadelphia Philadelphia International Investment Corporation, Philadelphia, P e n n s y l v a n i a , r e q u e s t s consent to a c q u i r e all of the shares of A . Hurst & Co. L i m i t e d , L o n d o n , E n g l a n d . San Francisco First Interstate O v e r s e a s I n v e s t m e n t , Inc., Los A n g e l e s , C a l i f o r n i a , r e q u e s t s consent to invest in First I n t e r s t a t e F i n a n c i a l S e r v i c e s , L t d . , to f a c i l i t a t e its c o n v e r s i o n to a chartered C a n a d i a n b a n k . * * * * * To Form a B a n k H o l d i n g C o m p a n y Pursuant to S e c t i o n 3 ( a ) ( 1 ) of the B a n k H o l d i n g C o m p a n y Act of 1956 Philadelphia United N a t i o n a l B a n c o r p o r a t i o n , H u n t i n g d o n , P e n n s y l v a n i a , for a p p r o v a l to acquire 100 percent of the voting shares of Union N a t i o n a l B a n k & Trust C o m p a n y of H u n t i n g d o n , H u n t i n g d o n , P e n n s y l v a n i a . 2/ Cleveland Bourbon B a n c s h a r e s , Inc., P a r i s , K e n t u c k y , for approval to acquire at least 80 percent of the voting shares of B o u r b o n A g r i c u l t u r a l Bank & Trust C o m p a n y , Paris, K e n t u c k y . 2/ Cleveland C o l o n i a l Banc C o r p . , E a t o n , O h i o , for approval to acquire 100 percent of the voting shares of E a t o n N a t i o n a l Bank and Trust Co., E a t o n , O h i o . 2/ Atlanta Capital B a n k s h a r e s C o r p o r a t i o n , A t l a n t a , G e o r g i a , for approval to a c q u i r e 71.29 percent of the v o t i n g shares of Capital City Bank, H a p e v i l l e , G e o r g i a . 2/ Atlanta Elk V a l l e y B a n c s h a r e s , Inc., F a y e t t e v i l l e , T e n n e s s e e , for a p proval to a c q u i r e at least 80 percent of the voting shares of The P e o p l e s Bank of E l k V a l l e y , F a y e t t e v i l l e , T e n n e s s e e . 2/ 2/ A p p l i c a t i o n subject to C o m m u n i t y R e i n v e s t m e n t A c t . The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e B a n k m a y be contacted as to the length of the c o m m e n t p e r i o d . I H.2, - 1 5 - 1981 N o . 37 APPLICATIONS RECEIVED-Continued Atlanta E x e c u t i v e B a n k i n g C o r p o r a t i o n , M i a m i , F l o r i d a , for approval to a c q u i r e 100 percent of the v o t i n g shares of J e f f e r s o n N a t i o n a l B a n k at K e n d a l l , Dade C o u n t y (P.O. M i a m i ) , F l o r i d a . 2/ Atlanta First E t o w a h B a n c o r p Inc., G l e n c o e , A l a b a m a , for approval to acquire 100 percent of the voting shares of First C i t i z e n s Bank of E t o w a h , G l e n c o e , A l a b a m a . 2/ Atlanta M e r c h a n t s C a p i t a l C o r p . , V i c k s b u r g , M i s s i s s i p p i , for approval to a c q u i r e 100 percent of the v o t i n g shares of M e r c h a n t s National Bank, Vicksburg, Mississippi, Vicksburg, Mississippi. 2/ Chicago F a r m e r s N a t i o n a l B a n c o r p , Inc., R e m i n g t o n , I n d i a n a , for approval to a c q u i r e at least 80 percent of the v o t i n g shares of The F a r m e r s N a t i o n a l B a n k of R e m i n g t o n , R e m i n g t o n , I n d i a n a . Chicago F i n d l a y B a n k s h a r e s , Inc., F i n d l a y , I l l i n o i s , for approval to acquire at least 80 percent of the v o t i n g shares of Bank of F i n d l a y , F i n d l a y , Illinois. 2/ Chicago K e l l o n t o B a n k s h a r e s C o r p o r a t i o n , E l g i n , Iowa, for approval to a c q u i r e at least 8 0 percent of the v o t i n g shares of E l g i n State B a n k , E l g i n , Iowa. 2/ Chicago P e o p l e s N a t i o n a l C o r p o r a t i o n , Inc., C o l u m b u s J u n c t i o n , Iowa, for a p p r o v a l to a c q u i r e at least 80 percent or m o r e of the v o t i n g shares of P e o p l e s N a t i o n a l B a n k of C o l u m b u s J u n c t i o n , C o l u m b u s J u n c t i o n , Iowa. 2/ Chicago Schrage L t d . , P l a i n f i e l d , Iowa, for a p p r o v a l to acquire at 80 percent of the v o t i n g shares of F a r m e r s State Bank, P l a i n f i e l d , Iowa. 2/ St. L o u i s First D e p o s i t B a n c s h a r e s , Inc., T o m p k i n s v i l l e , K e n t u c k y , for approval to a c q u i r e at least 9 4 . 7 2 5 percent of the voting shares of D e p o s i t B a n k of M o n r o e C o u n t y , T o m p k i n s v i l l e , K e n t u c k y . 2/ Minneapolis C l i n t o n B a n c s h a r e s , Inc., C l i n t o n , M i n n e s o t a , for a p p r o v a l to acquire 8 1 . 2 percent of the voting shares of C l i n t o n State Bank, C l i n t o n , M i n n e s o t a . 2/ 2/ A p p l i c a t i o n subject to Communitjr R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r ot the a p p l i c a b l e R e s e r v e B a n k m a y be contacted as to the length of the c o m m e n t period. least H.2, 1981 No. 37 — 16 — APPLICATIONS RECEIVED-Cont inued Kansas City Dakota Bancshares, Inc., St. Joseph, Missouri, for approval to acquire 100 percent of the voting shares of Dakota County State Bank, South Sioux City, Nebraska. 2/ Kansas City First Ogallala Investment, Inc., Ogallala, Nebraska, for approval to acquire 100 percent of the voting shares of The First National Bank in Ogallala, Ogallala, Nebraska. 2/ Kansas City Holyrood Bancshares, Inc., Holyrood, Kansas, for approval to acquire 80 percent or more of the voting shares of The Bank of Holyrood, Holyrood, Kansas. 2/ Kansas City Iuka Bancshares Corporation, Iuka, Kansas, for approval to acquire 100 percent of the voting shares of The Iuka State Bank in Iuka, Iuka, Kansas. Dallas Citizens Financial Corporation, Beaumont, Texas, for approval to acquire at least 80 percent of the voting shares of Citizens National Bank of Beaumont, Beaumont, Texas. 2/ Dallas T e x a n a Bancshares, Inc., Hamilton, Texas, for approval to acquire 100 percent of the voting shares of First National Bank of Hamilton, Hamilton, Texas. 2/ San Francisco Tokai Financial Corporation, Los Angeles, California, for approval to acquire 100 percent of the voting shares of Continental Bank, Alhambra, California. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956 Philadelphia The Girard Company, Bala-Cynwyd, Pennsylvania, for approval to acquire 100 percent of the voting shares of Farmers Bank of the State of Delaware, Dover, Delaware. 2/ Atlanta Trust Company of Georgia, Atlanta, Georgia, for approval to acquire at least 80 percent of the voting shares of The Merchants and Farmers Bank of Milledgeville, Milledgeville, Georgia. 2/ 2/ A p p l i c a t i o n subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the comment period. H.2, 1981 N o . 37 - 1 7 A P P L I C A T I O N S R E C E I V E D - C o n t inued Kansas City West Point B a n c o r p , Inc., St. J o s e p h , M i s s o u r i , for approval to a c q u i r e 20 percent of the v o t i n g shares of D a k o t a County State B a n k , South Sioux C i t y , N e b r a s k a , through its subsidiary D a k o t a B a n c s h a r e s , Inc., St. J o s e p h , M i s s o u r i . 2/ Dal las First C i t y B a n c o r p o r a t i o n of T e x a s , Inc., H o u s t o n , Texas, for a p p r o v a l to a c q u i r e 100 percent of the v o t i n g shares of First State B a n k , A r a n s a s Pass, T e x a s . 2j San Francisco The T o k a i Bank, L i m i t e d , N a g o y a , J a p a n , for a p p r o v a l to acquire i n d i r e c t l y 100 percent of the voting shares of C o n t i n e n t a l Bank, A l h a m b r a , C a l i f o r n i a . 2/ * * * * * To E x p a n d a Bank H o l d i n g C o m p a n y Pursuant to Section 4 ( c ) ( 8 ) of the Bank H o l d i n g C o m p a n y Act of 1956 K a n s a s City C o m m e r c e B a n c s h a r e s , Inc., K a n s a s City, M i s s o u r i , n o t i f i c a t i o n of intent to e n g a g e in d e n o v o a c t i v i t i e s (as insurance agent or b r o k e r for the sale of c e r t a i n property and c a s u a l t y ins u r a n c e w h i c h is d i r e c t l y related to e x t e n s i o n s of credit or the p r o v i s i o n s of other financial services by b a n k i n g subsidiaries of a p p l i c a n t ; p r o p e r t y and c a s u a l t y insurance a c t i v ities w h i c h are d i r e c t l y related to e x t e n s i o n s of credit or the p r o v i s i o n s of other financial services be performed at the o f f i c e s of the bank and n o n - b a n k s u b s i d i a r i e s of the a p p l i c a n t the g e o g r a p h i c areas to be served consist of the b a n k i n g m a r k e t s in the following m u n i c i p a l i t i e s in M i s s o u r i : C a s s v i l l e , K a n s a s City, B o l i v a r , Bonne T e r r e , B r u n s w i c k , C o l u m b i a , E x c e l s i o r Springs, Fenton, Festus, F l o r i s s a n t , Grandview, Hannibal, Harrisonville, Independence, Joplin, K o h o k a , K i r k s v i l l e , K i r k w o o d , L e b a n o n , L e x i n g t o n , St. Louis, M e x i c o , M o b e r l y , St. L o u i s C o u n t y , P a c i f i c , Poplar Bluff, St. C h a r l e s , St. J o s e p h , S p r i n g f i e l d , T i p t o n , U n i v e r s i t y City, M a r y l a n d H e i g h t s and W i l l a r d , the geographic area to be served c o n s i s t s of the States of M i s s o u r i and K a n s a s for the non b a n k i n g s u b s i d i a r i e s ) at 720 M a i n Street, K a n s a s City, M i s s o u r i , through a s u b s i d i a r y , Commerce P r o p e r t y and C a s u a l t y A g e n c y , Inc. ( 9 / 1 1 / 8 1 ) 2/ A p p l i c a t i o n subject to C o m m u n i t y Reinvestment A c t . The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the length of the comment period. H.2, 1981 N o . 37 - 1 8 - APPLICATIONS-RECEIVED-Continued San Francisco San Francisco Orbanco Financial Services Corporation, approval to e n g a g e offering for sale Security Pacific cation of (making its consumer loans sales businesses and and for accident San loans, company or or agent of c r e d i t through its (9/10/81) for or subsidiary, for the a c c o u n t loans such consumer in- to s m a l l as w o u l d be finance company the s a l e o f c r e d i t the notifi- including making life, 7341 F r a n k f o r t A v e n u e , to Four N i s h a m i n y serving for and activities purchasing a consumer insurance) from Philadelphia, Pennsylvania Company California, following its o w n a c c o u n t personal Trevose, Pennsylvania, Francisco the extensions of credit, other extensions as b r o k e r and to r e l o c a t e finance contracts, making a factoring acting health and issuing promissory notes. Corporation, Los Angeles, intent installment stallment m a d e by its u n s e c u r e d or a c q u i r i n g of others, Portland, Oregon, in the a c t i v i t y o f d i r e c t l y Interplex, s t a t e of P e n n s y l v a n i a , Security Pacific Consumer Discount T h e T o k a i B a n k , L i m i t e d , N a g o y a , J a p a n , for a p p r o v a l to a c q u i r e i n d i r e c t l y 100 p e r c e n t of the v o t i n g s h a r e s o f Continental L o a n and C o n t i n e n t a l Thrift, Alhambra, California * * * * * Ownership Statement of the Filed Pursuant to S e c t i o n 13(d) Securities Exchange Act Union Trust Company of Wildwood, Wildwood, New Jersey (Filed by Albert S. B a i l i e ) (Amendment #3) Union Trust Company of New Jersey, Wildwood, New Jersey (Filed by P a l m e r M . W a y , Jr.) (Amendmentt # 2 ) * * * * * PETITIONS FOR RULEMAKING None.
@FedFRASER