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ANN0UNCH4ENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1990/ No. 37
Actions of the Board, its Staff/ ana
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending Septenber 15/ 1950

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BOARD OPERATIONS

Budget guideline for 1991.
Approved. September 12, 1990.
FORMS
OfficerTs Questionnaire (2410) —
Approved, September 10, 1990.

extension.

REGULATIONS AND POLICIES
Regulation Z -- home equity lines of credit;
amendments requiring creditors that wish to freeze
the credit line when the rate cap is reached must
provide for this event in their agreements; and
removing the provision that would permit delaying
the time for providing disclosures about any
repayment phase set forth in an agreement (Docket
R-0687 ) .
Approved. September 12. 1990.
RESERVE BANK OPERATIONS
Salary structure adjustment for employees of the
Federal Reserve Bank of Boston, Nindsor Locks RCPC,
and Lewiston RCPC.
Approved, September 12, 1990.
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC




Kansas City

BancFirst, Oklahoma City, Oklahoma -- to establish a
limited - purpose facility at Arrowhead Mall, 501
North Main, Muskogee, Oklahoma.
Approved, September 12, 1990.

Richmond

Crestar Bank, Richmond, Virginia — to establish a
branch at the intersection of Centreville Road and
Fox Mill Road, Herndon, Virginia.
Approved, September 14, 1990.

New York

European American Bank, Uniondale, New York — to
establish a branch at 691 Route 25A, Miller Place,
Brookhaven, New York.
Approved, September 11, 1990.

H 2
SEPTEMBER 10, 1990
PAGE 2

TO

SEPTEMBER 15, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
1ANK BRANCHES, DOMESTIC
Richmond

First Virginia Bank, Falls Church, Virginia — to
establish a branch at 2089 Daniel Stuart Square,
Woodbridge, Virginia.
Approved, September 12, 1990.

Secretary

Meridian Bank, Reading, Pennsylvania
to establish
an offsite electronic banking facility at the Acme
Market in the Bazaar Shopping Center, Baltimore
Pike and Bishop Avenue, Clifton Heights,
Pennsylvania.
Approved, September 13, 1990.

Atlanta

Peoples Savings Bank, Clanton, Alabama
to
establish a branch at 2029 7th Street South,
Suite 2.
Approved, September 13, 1990.

Minneapolis

Security Bank Minnesota, Albert Lea, Minnesota -- to
relocate its Austin, Minnesota, branch.
Returned, September 10, 1990.

BANK HOLDING COMPANIES




Chicago

Amsterdam - Rotterdam Bank N.V., Amsterdam, The
Netherlands; Stichting Amro; ABN Amro Holding and
Stichting Priorieit ABN - Amro Holding, — to
acquire certain assets and assume certain
liabilities of NSR Asset Management Corporation,
New York, New York.
Approved, September 14, 1990.

Staff Director
BS&R

Baltimore Bancorp, Baltimore, Maryland — amended
proposal that The Bank of Baltimore merge with
Municipal Savings Bank, F.S.B., Towson, Maryland,
reflecting sale of certain retail deposit accounts
and loan accounts of the Towson office of Municipal
to Household Savings Bank, F.S.B., San Francisco,
California.
Approved, September 13, 1990.

Staff Director
BS&R

Banc One Corporation, Columbus, Ohio, proposal that
Bank One, Texas, N.A., Dallas, Texas, purchase the
assets and assume the liabilities of Banc One
Austin Federal Savings Bank, Austin, Texas, which
was formed to acquire certain assets and
assume deposit liabilities of Capital City Federal
Savings Association.
Approved, September 13, 1990.

Cleveland

Banc One Corporation, Columbus, Ohio — to acquire
Capitol City Federal Savings Association, Austin,
Texas.
Approved, September 14, 1990.

S t . Louis

CBR Bancshares Corp., Rogersville, Missouri —
acquire the Citizens Bank of Rogersville.
Approved, September 12, 1990.

to

H.2
SEPTEMBER 10, 1990
PAGE 3

TO

SEPTEMBER 15, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Kansas City

C.S.B. Company, Cozad, Nebraska -- to acquire Pine
Ridge Management, Inc., Chadron, Nebraska, and the
First National Bank.
Approved, September 14, 1990.

Kansas City

Farmers National Bancshares of Bethany, Inc.,
Bethany, Missouri — to acquire Farmers National
Bank of Ridgeway, Bethany, Missouri.
Approved, September 14, 1990.

Staff Director
BS&R

First Affiliated Bancorp, Inc., Watseka, Illinois,
proposal that Watseka First National Bank purchase
the assets and assume the liabilities of Crest
Interim Savings Bank, Kankakee, Illinois, which was
formed to acquire certain assets and assume
deposit liabilities of the West Court Street branch
of Crest Federal Savings and Loan Association.
Approved, September 13, 1990.

Staff Director
BS&R

First Alabama Bancshares, Inc., Montgomery, Alabama,
proposal that First Alabama Bank purchase the
assets and assume the liabilities of Interim
Federal Savings Bank, Birmingham, Alabama, which
was formed to acquire certain assets and assume
deposit liabilities of City Federal Savings and
Loan Association, Birmingham, Alabama.
Approved, September 13, 1990.

Atlanta

First Alabama Bancshares, Inc., Montgomery, Alabama
— to establish Interim Federal Savings Bank,
Birmingham, Alabama, which is being formed to
acquire certain assets and assume certain
liabilities of City Federal Savings and Loan
Association, and to facilitate the merger of City
Federal into First Alabama Bank, Montgomery,
Alabama.
Approved, September 13, 1990.

Staff Director
BS&R

First Lake Forest Corporation, Lake Forest, Illinois
— transfer agent registration.
Withdrawn, September 12, 1990.

H.2
SEPTEMBER 10, 1990
PAGE 4

TO

SEPTEMBER 15, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

First of America Bank Corporation, Kalamazoo,
Michigan, and First of America Bank Corporation Indiana, Indianapolis, Indiana — to acquire
Trustcorp Bank, Columbus, National Association,
Columbus, Indiana.
Approved, September 10, 1990.

Atlanta

FNB Newton Bankshares, Inc., Covington, Georgia — to
acquire an additional 4.2 shares of Georgia Central
Bancshares, Inc., Social Circle, Georgia.
Approved, September 14, 1990.

Richmond

Harvest Bancorp, Inc., Hamilton, Virginia —
engage de novo in lending activities.
Approved, September 10, 1990.

Chicago

INB Financial Corporation, Indianapolis, Indiana —
to acquire The Peoples Savings Bank of Evansville,
Evansville, Indiana.
Approved, September 12, 1990.

Atlanta

Lowndes Bancshares, Inc., Hahira, Georgia -- to
engage de novo in data processing activities.
Returned, September 14, 1990.

Chicago

Midstates Bancshares, Inc., Omaha, Nebraska — to
acquire Harlan National Company, Harlan, Iowa;
First National Company of Missouri Valley, Inc.,
Missouri Valley, Iowa; and The First National Bank
of Missouri Valley.
Approved, September 13, 1990.

San Francisco

Pacific Capital Bancorp, Salinas, California — to
acquire Pajaro Valley Bancorporation, Watsonville,
California.
Approved, September 14, 1990.

Cleveland

PNC Financial Corp., Pittsburgh, Pennsylvania — to
engage de novo in community development activities
through Citizens Fidelity Community Development
Corporation, Louisville, Kentucky.
Permitted, September 10, 1990.

to

H .2
SEPTEMBER 10, 1990
PAGE 5

TO

SEPTEMBER 15, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

Rock River Bancorporation, Oregon, Illinois -- to
engage de novo in insurance agency activities.
Returned, September 13, 1990.

Chicago

Royal Bancshares, Inc., Elroy, Wisconsin -- to
acquire Lone Rock Investments, Inc., Lone Rock,
Wisconsin, and State Bank of Lone Bank.
Approved, September 13, 1990.

Kansas City

Security Bancshares, Inc., Scott City, Kansas -- to
acquire Crownover Insurance Agency, Oakley, Kansas,
and engage in general insurance activities.
Approved, September 14, 1990.

S t . Louis

Security Bank and Trust Company, M t . Carmel, Illinois
-- to acquire Security Bank and Trust Company,
through merger with SET Bancorp, Inc.
Approved, September 14, 1990.

Atlanta
Soperton
retain
a n d to

Naval
Stores,
Inc.,
Soperton,
Georgia
to
8.86
percent
of S o p e r t o n
Bancshares,
Inc.,
acquire additional
s h a r e s of S o p e r t o n

Bancshares.
Approved, September 14, 1990.

San Francisco

Sun Microsystems, Inc., Mountain View, California
registration statement.
Withdrawn, September 11, 1990.

Atlanta

Synovus Financial Corp. Columbus, Georgia, and TB&C
,
Bancshares, Inc. — to acquire First Coast
Community Bank, Fernandina Beach, Florida.
Approved, September 14, 1990.

Kansas City

United Missouri Bancshares, Inc., Kansas City,
Missouri — to acquire Liberty National Bank,
Liberty, Missouri.
Approved, September 10, 1990.

Richmond

WorldCorp, Inc., Herndon, Virginia -- registration
statement.
Withdrawn, September 11, 1990.

H .2
SEPTEMBER 10, 1990
PAGE 6

TO

SEPTEMBER 15, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK MERGERS
Cleveland

Star Bank, Kenton County, Kentucky -- to acquire
through merger Star Bank, Northern Kentucky,
Verona, Kentucky.
Approved, September 10, 1990.

BANK PREMISES
Kansas City

BancFirst, Oklahoma City, Oklahoma —
bank premises.
Approved, September 12, 1990.

Chicago

Hawkeye Bank & Trust of Des Moines, Des Moines, Iowa
-- investment in bank premises.
Approved, September 14, 1990.

Atlanta

Peoples Savings Bank, Clanton, Alabama -- investment
in bank premises.
Approved, September 13, 1990.

investment in

BANKS, STATE MEMBER
St. Louis

Elliott State Bank, Jacksonville, Illinois -- payment
of a dividend.
Approved, September 14, 1990.

St. Louis

Lindell Trust Company, St. Louis, Missouri -- payment
of a dividend.
Approved, September 11, 1990.

CAPITAL STOCK




Minneapolis

Faith Bank Holding Company, Inc., Pierre, South
Dakota -- redemption of shares.
Returned, September 13, 1990.

Cleveland

First National Financial Corporation, Manchester,
Kentucky — redemption of shares.
Approved, September 14, 1990.

Chicago

Owenton Bancorp, Inc., Owenton, Kentucky -redemption of shares.
Approved, September 14, 1990.

Atlanta

Soperton Bancshares, Inc., Soperton, Georgia —
redemption of shares.
Approved, September 14, 1990.

H.2
SEPTEMBER 10, 1990
PAGE 7

TO

SEPTEMBER 15, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

CHANGE IN BANK CONTROL
Philadelphia

Omega Financial Corporation, State College,
Pennsylvania — change in bank control.
Permitted, September 10, 1990.

Dallas

Rio Salado Bancorp, Tempe, Arizona —
control.
Permitted, September 10, 1990.

Chicago

Royal Bancshares, Inc., Elroy, Wisconsin —
bank control.
Permitted, September 13, 1990.

change in bank

change in

COMPETITIVE FACTORS REPORTS




San Francisco

Bank of American National Trust & Savings
Association, San Francisco, proposed purchase of
certain assets and assumption of certain
liabilities of The Sanwa Bank California — report
on competitive factors.
Submitted, September 14, 1990.

Cleveland

Bank of Whitesburg, Whitesburg, Kentucky, proposed
acquisition of Mountain Credit Corporation, Hazard,
Kentucky — report on competitive factors.
Submitted, September 14, 1990.

Cleveland

Citizens Fidelity Bank and Trust Company Lexington,
Lexington, Kentucky, proposed merger with Citizens
Fidelity Bank and Trust Winchester, Winchester,
Kentucky — report on competitive factors.
Submitted, September 15, 1990.

Atlanta

Clewiston National Bank, Clewiston, Florida, proposed
merger with Clewiston Interim Bank — report on
competitive factors.
Submitted, September 14, 1990.

Kansas City

Columbus State Bank, Columbus, Kansas,
acquisition of assets and assumption
liabilities of the Columbus, Kansas,
IV Kansas City, N.A., Olathe, Kansas
competitive factors.
Submitted, September 13, 1990.

proposed
of the
branch of Bank
— report on

H.2
SEPTEMBER 10, 1990
PAGE 8

TO

SEPTEMBER 15, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Richmond

Community Banking & Savings Company, Dunbar, West
Virginia, proposed merger with 2nd Avenue Bank of
South Charleston, South Charleston, West Virginia
— report on competitive factors.
Submitted, September 14, 1990.

Kansas City

Emprise Bank, National Association, Hutchinson,
Kansas, proposed merger with Farmers State Bank,
Lindsborg, Kansas — report on competitive factors.
Submitted, September 11, 1990.

Kansas City

Farmers and Drovers Bank, Council Grove, Kansas,
proposed merger with the Council Grove, branch of
Bank IV Kansas City, N.A., Olathe, Kansas -- report
on competitive factors.
Submitted, September 14, 1990.

Boston

First Agricultural Bank, Pittsfield, Massachusetts,
proposed acquisition of the Williamstown,
Massachusetts offices of Peoples Savings Bank,
Worcester, Massachusetts — report on competitive
factors.
Submitted, September 14, 1990.

Kansas City

First Bank and Trust Co., Salina, Kansas, proposed
merger with Kanopolis State Bank, Kanopolis, Kansas
— report on competitive factors.
Submitted, September 11, 1990.

Cleveland

First Federal Savings Bank of Eastern Ohio,
Zanesville, Ohio — proposed acquisition of The
Roseville, Ohio, branch of The Central Trust
Company, Newark, Ohio — report on competitive
factors.
Submitted, September 15, 1990.

Dallas

First National Bank of Albany, Albany, Texas,
proposed acquisition of the Team Bank Breckenridge Branch, Breckenridge, Texas — report
on competitive factors.
Submitted, September 10, 1990.

H.2
SEPTEMBER 10, 1990
PAGE 9

TO

SEPTEMBER 15, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Richmond

Gate City Federal Savings and Loan Association,
Greensboro, North Carolina, proposed purchase of a
branch of Old Stone Bank of North Carolina, FSB —
report on competitive factors.
Submitted, September 14, 1990.

San Francisco

Great Western Bank, A Federal Savings Bank, Beverly
Hills, California, proposed assumption of certain
deposits of California Federal Bank, A Federal
Savings Bank, Los Angeles, California — report on
competitive factors.
Submitted, September 14, 1990.

San Francisco

Home Savings of America, FA, Irwindale, California,
proposed purchase of assets and assumption of
liabilities of one branch of American Savings and
Loan Association, Miami, Florida — report on
competitive factors.
Submitted, September 11, 1990.

Richmond

Key Federal Savings Bank, Owings Mills, Maryland,
proposed merger with Key Federal Interim Savings
Bank — report on competitive factors.
Submitted, September 12, 1990.

Chicago

Lake City Bank, Warsaw, Indiana, proposed acquisition
of certain assets and assumption of the liabilities
of the Goshen and Nappanee branches of Standard
Federal Bank, Troy, Michigan.
Submitted, September 14, 1990.

Cleveland

Mercer County State Bank, Sandy Lake, Pennsylvania,
proposed merger with First National Bank of
Stoneboro, Stoneboro, Pennsylvania — report on
competitive factors.
Submitted, September 14, 1990.

Richmond

National Bank of Commerce of Charleston, Charleston,
West Virginia, proposed merger with The National
Bank of Commerce of South Charleston, South
Charleston — report on competitive factors.
Submitted, September 11, 1990.

H.2
SEPTEMBER 10, 1990
PAGE 10

TO

SEPTEMBER 15, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Atlanta

NCNB National Bank of Florida, Tampa, Florida,
proposed purchase and assumption of certain of the
assets and liabilities of DeNovo NCNB Florida
Federal Savings Bank IV — report on competitive
factors.
Submitted, September 13, 1990.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota, proposed
merger with First Minnesota Savings Bank, F.S.B. —
report on competitive factors.
Submitted, September 10, 1990.

San Francisco

Overland Bank, Temecula, California, proposed merger
with Riverside National Bank, Riverside, California
— report on competitive factors.
Submitted, September 11, 1990.

Atlanta

Pelham Banking Company, Pelham, Georgia, proposed
merger with PBC Interim, Inc. — report on
competitive factors.
Submitted, September 11, 1990.

Chicago

Pontiac National Bank, Pontiac, Illinois, proposed
merger with Republic National Bank of Pontiac —
report on competitive factors.
Submitted, September 14, 1990.

San Francisco

Sierra National Bank, Tehachapi, California, proposed
purchase of certain assets and assumption of
certain liabilities of the California City branch
of HomeFed Bank, Federal Savings Bank, San Diego,
California — report on competitive factors.
Submitted, September 13, 1990.

Atlanta

Trust Company Bank of Cobb County, N.A., Atlanta,
Georgia, proposed merger with SunTrust / Cobb
Interim Savings Bank — report on competitive
factors.
Submitted, September 12, 1990.

H .2
SEPTEMBER 10,
PAGE 11

1990

TO

SEPTEMBER 15,

1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Chicago

Union National Bank of Arkansas, Little Rock,
Arkansas, proposed merger with Union National Bank
of Arkansas, Jacksonville, Arkansas.
report on
competitive factors
Submitted, September 11, 1990.

EXTENSIONS OF TIME




San Francisco

BankAmerica Corporation, San Francisco, California -extension to divest certain property.
Granted, September 14, 1990.

Philadelphia

Commonwealth Bancshares Corporation, Williamsport,
Pennsylvania — extension to December 13, 1990, to
acquire The First Bank of Greater Pittson, Pittson,
Pennsylvania.
Granted, September 10, 1990.

Philadelphia

Community Financial Bancorp, Inc., Philadelphia,
Pennsylvania — extension to December 13, 1990, to
acquire Chestnut Hill National Bank.
Granted, September 13, 1990.

Richmond

First Hanover BanCorp, Inc., Wilmington, North
Carolina — extension to December 28, 1990, to
acquire First Hanover Bank.
Granted, September 10, 1990.

S t . Louis

FSB, Inc., Covington, Tennessee — extension to
December 7, 1990, to redeem shares.
Granted, September 11, 1990.

Chicago

Hawkeye Bancorporation, Des Moines, Iowa — extension
to November 30, 1990, to achieve change in bank
control.
Granted, September 14, 1990.

Chicago

Lincoln Financial Corporation, Fort Wayne, Indiana —
extension to December 24, 1990, to acquire PTC
Financial Corporation, Peru, Indiana, and The Peru
Trust Company.
Granted, September 14, 1990.

H .2
SEPTEMBER 10,
PAGE 12

1990

TO

SEPTEMBER 15,

1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME
Richmond

NCNB Texas National Bank, Dallas, Texas -- extension
to divest certain stock.
Granted, September 13, 1990.

S t . Louis

Prime Banc Corp. Dieterich, Illinois — extension to
,
November 29, 1990, to acquire The First National
Bank of Dieterich.
Granted, September 12, 1990.

Chicago

Principal National Bancorp, Inc., Pontiac, Illinois
-- extension to December 25, 1990, to acquire The
Pontiac National Bank.
Granted, September 11, 1990.

New York

Saban S.A., Panana City, Panama — extension to
December 15, 1990, to acquire Safra National Bank
of New York, New York, New York.
Granted, September 13, 1990.

San Francisco

Security Pacific Corporation, Los Angeles, California
— extension to divest certain property.
Granted, September 11, 1990.

San Francisco

Wells Fargo & Company, San Francisco, California
extensions to divest certain properties.
Granted, September 11, 1990.

San Francisco

Wells Fargo & Company, San Francisco, California
extensions to divest certain properties.
Granted, September 13, 1990.

INTERNATIONAL OPERATIONS




Staff Director
BS&R

International Bank of Detroit, Detroit, Michigan —
to obtain control of the voting rights
in the shares of Michell NBD Limited, Adelaide,
Australia held by G.H. Michell & Sons PTY.
Limited.
Permitted, September 12, 1990.

H .2
SEPTEMBER 10,
PAGE 13

1990

TO

SEPTEMBER 15,

1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

INTERNATIONAL OPERATIONS
Staff Director
BS&R

Morgan Guaranty Trust Company of New York, New York,
and Morgan Guaranty International Finance
Corporation — to make additional investments in
J.P. Morgan Holding Deutschland GmbH, Frankfurt,
Germany, and J.P. Morgan GmbH.
Permitted, September 14, 1990.

Philadelphia

Bank of Doylestown, Doylestown, Pennsylvania — to
become a member of the Federal Reserve System.
Approved, September 14, 1990.

MEMBERSHIP




ADDITIONS AND CORRECTIONS

H.2
SEPTEMBER 10,
PAGE 14

1990

TO

SEPTEMBER 15,

1990

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

INTERNATIONAL OPERATIONS
Banker- Trust New York Corporation, New York, New York
to establish NEWCO, Cayman Islands, a special purpose
finance company
Permitted, September 8 , 1990.

ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Atlanta

First Florida Banks, Inc., Tampa, Florida, and the
7L Corporation — to acquire Mid - State Federal
Savings Bank, Ocala, Florida, and to merge Mid State with First Florida Bank, N.A..
Returned, August 23, 1990.

CHANGE IN BANK CONTROL




Kansas City

Fort Riley Bancshares, Inc., Fort Riley, Kansas -change in bank control.
Permitted, September 7, 1990.

FEDERA L R E SE R V E BANK OF BOSTON A P P L IC A T IO N S

S E CTION I - A P P L I C A T I O N S S U B J E C T TO
NEWSPAPER NOTICE ONLY
C o m m e n t P e r i o d E n d i n g Date

Application
NONE

S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B OTH
N E W S P A P E R A N D F E D E R A L R E G I S T E R NO T I C E
C o m m e n t Peri o d E n d i n g Date

Application
NON E

S ECTION III - A P P L I C A T I O N S SU B J E C T TO
F EDERAL R E G I S T E R N O T I C E ONLY
Application

Co m m e n t Peri o d Ending Date
NONE

S ECTION IV - A P P L I C A T I O N S N O T SU B J E C T TO
FE D E R A L R E G I S T E R O R N E W S P A P E R NO T I C E
Application




N ONE

♦ Subject to CRA

Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only_________
Chemical Bank, New York, New York to establish an
offsite electronic facility at Tri-County Flea
Market, 291 West Main Street, Smithtown, New York.l/

10/15/90

Chemical Bank, New York, New York to establish an
offsite electronic facility at Tri-County Flea
Market, 3041 Hempstead Turnpike, Levittcwn,
New York.l/

10/15/90

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Noribanking Applications
(Subject to Federal Register Notice Only)
Skandinaviska Enskilda Banken, Stockholm, Sweden, by
virtue of its 100% ownership of Scandinavian Bank Group
pic, Iondon, England, to engage in securities brokerage
and related activities through Scandinavian American
Securities, Inc., New York, New York, and in financial
advisory activities through Cambridge International
Partners, L.P., New York, New York.

N/A

The Fuji Bank Limited, Tokyo, Japan to engage
through its subsidiary, Fuji Securities Inc.,
Chicago, Illinois in underwriting and dealing in
all types of securities, acting as agent in the
private placement of all types of securities,
acting on behalf of investors as riskless principal
with respect to such securities, and providing
securities brokerage services.

N/A

The Fuji Bank, Limited, Tokyo, Japan to engage de novo
through its subsidiary, Fuji Securities Inc., Chicago,
Illinois in investment advisory activities.

N/A




SECTION IV
Applications Not Involving
______ Public Comment______

None.

1/
2/
3/

4/

Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
N/A - Not Available
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.




FEDERAL R E S E R V E BANK OF PH ILA D ELP H IA

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None.

1/ Subject to provisions of Community Reinvestment Act.

*

N/A - not yet available.




F e d e ra l R eserv e

Bank o f C le v e la n d

Applications Bulletin
For Week Ending September 15, 1990

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
COMMENT P E R I O D ENDING

A PPLICATION
R eceived application on August 23, 1990
from Security Dollar Bank, Niles, Ohio,
for p e r m ission to establish a branch at
2910 Youngstown Road, Warren, Ohio.

* S e p t e m b e r 30, 1990

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
NONE

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
R eceived request on August 30, 1990 from
Banc One Corporation, Columbus, Ohio; to
grant it a limited exemption from the
anti-tying prohibitions of Section 106
of the Bank H olding Company Act in order
to permit a credit card issuing banking
affiliate of Banc One to offer price
reductions on credit cards it issues
to customers of its affiliated banks.
R eceived Section 4(c)(8) application on
September 13, 1990 from Provident Bancorp,
Inc., Cincinnati, Ohio, to acquire Suburban
Federal Savings and Loan Association of
Covington, Covington, Kentucky.

*
#
N
F

-

O c t o b e r 18, 1990

Not Yet Known #

Subject to CRA
Expected to end approximately 30 days from the date of receipt
Newspaper Comment Period
Federal Register Comment Period




Applications Bulletin
For Week Ending September 15,

1990

S E C T I O N III - APPLICATIONS SUBJECT TO F E DERAL R E G I S T E R
NOTICE ONLY C o n t .
R eceive d S e c t i o n 4(c)(8) application on
September 13, 1990 from Banc One Corporation,
Columbus, Ohio, to engage de novo in private
placement and related advisory activities and
riskless principal activities.

Not Yet Known #

S ECTION IV - APPLICATIONS NOT SUBJECT TO F EDERAL REG I S T E R NOTICE
OR NEWSPAPER NOTICE
Received two requests on September 12, 1990
from O h i o Citizens Bank, Toledo, Ohio, for
permission to exceed its limit of investment
in b a n k p remises permitted under Section 24A
of the Federal Reserve Act.

*
#
N
F

-

S ubject to CRA
Expe c t e d to end approximately 30 days from the date of receipt
N e w s p a p e r Comment Period
Federal Register Comment Period




F e d e r a l R e se rve Bank o f Richmond

Section I - Applications Subject to Newspaper
Notice Only

Application

Comment Period Ending Date

First Virginia Bank - Colonial,
Richmond, Virginia, to establish
a branch at Woodlake Shopping
Center, Midlothian, Virginia.*

10-7-90

Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period Ending Date

None.

Section III - Applications Subject to Federal Register Notice

Application

Comment Period Ending Date

None.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice

Application
None.

*Application is subject to CRA.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 14.

1990

Section I - Applications Subject To Newspaper Only
A ppli c a t i o n
Central Bank of the South
Birmingham, Alabama
To estab l i s h a branch office at Section
21, T ownship 4 South, Range 2 West,
Madison, Alabama, to be known as the
M a d i s o n Branch.

09-10-90 (CRA)
Newspaper

Section II - Applications Subject To Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

C & S / Sovran Corporation
Atlanta, Georgia
To acquire First Interim Bank of
Brunswick, Brunswick, Georgia.
First Interim Bank of Brunswick will
be the successor by conversion to
First Federal Savings Bank of Brunswick,
Brunswick, Georgia.
First Interim Bank
will be the surviving entity of a phantom
m e r g e r transaction and will operate under
the name The Citizens and Southern Bank of
Gly n n County, Brunswick, Georgia.

Section IV - Applications Not Subject To
Federal Register Noticeor Newspaper Notice
Application
C& S / S o v r a n Corporation
Atlanta, Georgia
3(a)(5) w a iver request to merge
each of its bank holding company
subsidiaries, namely, The Citizens and
Sou t h e r n Corporation; Sovran Financial
Corporation;
Citizens and Southern Georgia
Corporation;
Citizens and Southern Florida
Corporation;
Citizens and Southern South
Carolina Corporation; and Sovran Financial
Corporation/Central South, with and into
C & S / Sovran Corporation.




Federal Reserve Bank of Chicago

Type

Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Application

None

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date

Type

Application

CoC-BK

Bank of Commerce a Industry
Chicago, Illinois
Richard M. Rosenberg, Trustee of
Harold J. Green Declaration of Trust 0/A;
Richard M. Rosenberg, Independent
Executor of the Estate of Harold J •
Green, Deceased

FR - 9-11-90
N - 9-14-90

CoC-HC

West Suburban Bancorp, Inc.
Lombard, Illinois
West Suburban Bank Stock Bonus Trust
Lombard, Illinois

FR - 9-12-90
N - 9-19-90

Y-l

Rock Rivers Bancorp
Rock Rapids, Iowa
Rock Rapids State Bank
Rock Rapids, Iowa*

Y-l

Bancs of Chicago Bancorp, Inc.
FR - **
Winnetka, Illinois
N - 9-28-90
GEMA Financial Corporation
Winnetka, Illinois
Bank of Chicago-Little Village
Chicago, Illinois
Tsvaiter Financial Corporation
Winnetka, Illinois
Bank of Chicago-Garfield Ridge
Chicago, Illinois
Dritter Financial Corporation
Winnetka, Illinois
Bank of Chicago-Lakeshore
Chicago, Illinois
Ershter Financial Corporation (in formation)
Winnetka, Illinois*

Y-l

Ershter Financial Corporation
Winnetka, Illinois
Bank of Chicago-Little Village
Chicago, 111inois *




FR - 9-27-90
N - 9-25-90

FR - **
n
- 9-28-90

Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date

Type

Application

Y-2

GEMA Financial Corporation
FR _ * *
Winnetka, Illinois
N - 9-28-90
Ershter Financial Corporation (in formation)
Winnetka, Illinois
Bank of Chicago-Little Village
Chicago, Illinois
TBvaiter Financial Corporation
Winnetka, 111inois
Bank of Chicago-Garfield Ridge
Chicago, Illinois
Dritter Financial Corporation
Winnetak, 111inois
Bank of Chicago-Lakeshore
Chicago, Illinois*

Y-2

Firstar Corporation
FR - **
Milwaukee, Wisconsin
N - **
Banks of Iowa, Inc.
Des Moines, Iowa
United Bank & Trust
Ames, Iowa
First National Bank
Burlington, Iowa
Cedar Falls Trust & Savings Bank
Cedar Falls, Iowa
The Merchants National Bank of Cedar Rapids
Cedar Rapids, Iowa
Council Bluffs Savings Bank
Council Bluffs, Iowa
First Bank, National Association
Davenport, Iowa
Valley National Bank
Des Moines, Iowa
Central Trust and Savings Bank
Eldridge, Iowa*
Henry County Savings Bank
Mount Pleasant, Iowa
Union Bank and Trust Company
Ottumwa, Iowa
Montgomery County National Bank of Red Oaks
Red Oaks, Iowa
First National Bank of Sioux City
Sioux City, Iowa*




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date

Type

Application

Y-l

FSB Bancorp, Inc*
Pound, Wisconsin
Farmers State Bank
Pound, Wisconsin*

FR - **
N - **

Y-2

Pinnacle Banc Group, Inc.
Oak Brook, Illinois
The Berwyn National Bank
Berwyn, Illinois*

FR - **
N - 9-13-90

Type

Section III - Applications Subject to Federal Register Notice
Only
Comment Period
Application
Ending Date

Y-4

Firstar Corporation
Milwaukee, Wisconsin
Banks of Iowa Capital Corporation
Des Moines, Iowa

FR - **

Y-4

Firstar Corporation
Milwaukee, Wisconsin
Banks of Iowa Computer Services, Inc.
Cedar Rapids, Iowa

FR - **

Y-4

Firstar Corporation
Milwaukee, Wisconsin
Banks of Iowa Credit Corporation
Des Moines, Iowa

FR - **

Y-4

Northern Trust Corporation
Chicago, Illinois
Fiduciary Services, Inc.
Houston, Texas

FR - **

Section IV - Applications Not Subject to Federal Register Notice
Or Newspaper Notice
Type

Application

None

N
FR
*
**

.
_

Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time




Septem ber 14, 1990

F e d e r a l R e se rv e Bank o f S t. L o u is

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application

End of Comment Period

Section 4(c)(8) application by
First Commercial Corporation, Little Rock,
Arkansas, to engage de novo in providing
trust services and investment advice
through First Commercial Trust
Company, N.A. , Little Rock, Arkansas

(Not available)




SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None.

FEDERAL RESERVE BANK OF MINNEAPOLIS

Section I - Applications Subject to
Newspaper Notice-Only
Comment Period
Ending Date *--

Application
None.

Section II • Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period
Ending Date

Norwest Corporation
Minneapolis, MN
To acquire Blackhawk Bancorporation,
Waterloo, Iowa*

Not yet available

Lloyd A. Amundson, Angeline R.
Mixner & Edina Southdale Physical
Therapy, Inc.
To acquire 100% of D & B Holding
Company, Inc. Beulah, ND
,

Not yet available

Owatonna Bancshares, Inc.
Owatonna, MN
To acquire Farmers State Bank of
Hope, Hope, MN*

10-1-90
(Newspaper)

Kirkwood Bancorporation Co.
Bismarck, ND
To acquire Kirkwood Bank & Trust Co.,
Bismarck, ND*

9-29-90
(Newspaper)

Fishback Insurance Agency, Inc.
Brookings, SD
To acquire the Community State Bank
of Stockholm, Stockholm, SD and
the First National Bank of White,
White, SD*

Not yet available

♦Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS

Section III - Applications Subject
to_Federal Register Notice Only
Comment Period
Ending Date

AgpUmivn
Garfield County Bancshares, Inc.
Jordan, MT
To engage £& novo in conducting
lending activities. The activity
will be conducted in Jordan, MT

Not yet available

Garfield County Bancshares, Inc.
Jordan, MT
To engage & novo in conducting
appraisals of real and personal
property. The activity will be
conducted in Jordan, MT

Not yet available

Midwest R&S Corporation
Brookings, SD
To continue to engage directly in
general insurance agency activities.
The activity will be conducted in
Brookings, SD.

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

^Subject to CRA




Federal Reserve Bank o f Kansas City

SECTION I ~ APPLICATIONS SUBJECT TO NEW S P A P E R
NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

COMMENT PERIOD ENDING DATE

Decatur Investment, Inc., Oberlin,
Kansas, for prior approval to acquire
100 percent of the voting shares of
Western Kansas Investment, Inc.,
Winona, Kansas, parent of THE BANK,
Oakley, Kansas.*

Not Available

Fourth Financial Corporation,
Wichita, Kansas, for prior approval
to acquire 100 percent of the voting
shares of American State Bank & Trust
Company, Great Bend, Kansas.*

Not Available

Charles Dutcher, Wichita, Kansas, for
prior approval to acquire 100 percent
of the shares of new Class A common
stock of Yoder Bankshares, Inc.,
Yoder, Kansas, and Sid Sanders,
Hutchinson, Kansas, to increase his
proportionate ownership of voting
common stock in Yoder Bancshares by
20.83 percent to 33.33 percent.

Not Available

United Nebraska Financial Co., Ord,
Nebraska, for prior approval to
acquire 100 percent of the voting
shares of United Nebraska Bank,
O'Neill, Nebraska, a de novo bank.*

Not Available

Blue Ridge Bancshares, Inc., Kansas
City, Missouri, for prior approval to
become a bank holding company through
the acquisition of 100 percent of the
voting shares of Interim Blue Ridge
Bank and Trust Company, Kansas City,
M i s s o u r i .*

September




24, 1990

Federal Reserve Bank o f Kansas City

Bruning Bancshares, Inc., Bruning,
N e b r a s k a , f o r p r i o r a p p ro v a l to
become a bank holding company through
the acquisition of 80 percent of the
voting shares of Bruning State Bank,
Bruning, Nebraska.*

September

26,

1990

A r v a d a Bank Holding Company,
Englewood, Colorado, for prior
a pproval to become a bank holding
company through the acquisition of
100 percent of the voting shares of
The First National Bank of Arvada,
Arvada, Colorado.*

September

27,

1990

S ECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
A PPLICATION

COMMENT PERIOD ENDING D A T E

First National of Nebraska, Inc.,
Omaha, Nebraska, for prior approval
to acquire 100 percent of the voting
shares of First of Nebraska Interim
Federal Savings I, Omaha, Nebraska.

Not Available

U n ited Nebraska Financial Co., Ord,
Nebraska, for prior approval to
a c quire 100 percent of the voting
shares of United Nebraska Savings S
i
L o a n Association, O'Neill, Nebraska,
a de novo savings association.

Not Available

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER N O T I C E
OR NEWSPAPER NOTICE
A PPLICATION
None.

*Application is subject to CRA.




FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 10, 1990

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

** NOTICE EXP

Change in Control Notice by
Thomas Michael Jenkins, Seminole, TX, to acquire
an interest in Gaines Bancshares, Inc., Seminole, TX

90/10/01

Change in Control Notice by
Alfred Robert Abboud, Houston, TX, to acquire an
interest in First City Bancorporation of Texas, Inc.,
Houston, TX

90/09/13

Change in Control Notice by
Aaron Lee Speck, Brownwood, TX; Denny Ray Speck, Eden, TX;
and Richard Terry Sharpe, Brownwood, TX, to acquire an
interest in Brownwood Bancshares, Inc., Brownwood, TX

N/A

Change in Control Notice by
Elvin Lowery, Huntington, TX, to acquire an interest in
Huntington Bancshares, Inc., Huntington, TX

N/A

♦Section 3(a)(1) application by
Jones Holding Company, Ltd., Albany, TX, to acquire
Albany Bancshares, Inc., Albany, TX, and First National
Bank of Albany, Albany, TX

90/10/01

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
None.




NOTICE EXP

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Notice by Albany Bancshares, Inc., Albany, TX, to
redeem 814 shares of its common stock

* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.




FEDERAL RESERVE BANK OF SAN ERANCTSOO

Week ending 9/14/90
Section I - Applications Subject to Newspaper Notice Only

Application

Comment Period Ending Date

California Center Bank, Ios Angeles, California,
to establish a branch at or in the vicinity
of Western Avenue and 8th Street, Los Angeles,
California. *

Newspaper:

Not available

Silicon Valley Bank, San Jose, California, to
establish a branch in the vicinity of the
intersection of West Las Positas Boulevard
and Hopyard Road, Pleasanton, California. *

Newspaper:

Not available

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Philip J. Rocco, Santa Ana, California, to
purchase up to 26 percent of the issued and
outstanding shares of common stock of Orange
Bancorp, Fountain Valley, California.
Wells Fargo & Company, San Francisco,
California, to acquire Citizens Holdings,
Anaheim, California, thereby indirectly
acquiring Citizens Bank of Costa Mesa, Costa
Mesa, California, and El Camino Bank,
Anaheim, California. *

Fed. Rea.:

10/02/90

Newspaper:

Not available

Fed. Rea.:

10/11/90

Newspaper:

10/11/90

Section III - Applications Subject to Federal Register Notice Only
The Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan,
to engage in private placement, Section 20
underwriting, full service brokerage, invest­
ment advisory, providing financial advice and
acting as a "riskless principal" through DKB
Securities Corporation, New York, New York.

Fed. Rea.:

10/09/90

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None

* S u b je c t t o CRA.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102