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ANNOUNCEMENT BY . BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Applications and Reports Received or Acted on H.2 1972 No. 38 During the Week Ending September 16, 1972 District Date Current Report Filed Pursuant to Section 13 of the Securities Exchange Act Received 7 11 Old Kent Bank and Trust Company, Grand Rapids, Michigan (August) 9-11-72 Houston-Citizens Bank & Trust Company, Houston, Texas (July) 9-11-72 * * * * * 8 Proxy Statement (Special Meeting) Filed Pursuant to Section 14(a) of the Securities Exchange Act Received Citizens Fidelity Bank and Trust Company, Louisville, Kentucky -k k 6 k k 9-13-72 -k Tender Offer Statement Filed Pursuant to Section 14(d) of the Securities Exchange Act Received Peoples Bank and Trust Company of Alabama, Montgomery, Alabama. Amendment #2 (Filed by Central and State National Corporation of Alabama) * * * * * 9-13-72 H. 2 1972 No. 38 -2- 2 To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received First Trust and Deposit Company, Syracuse, New York. Branches to be established at the following locations: A. 195 Genessee Street, Utica, Oneida County* B. On the south side of Kellogg Road, approximately 200 feet east of the intersection of Kellogg Road and Tibbitts Road, (unincorporated area) Town of New Hartford, Oneida County. 2 Metropolitan Bank of Syracuse, Syracuse, New York. Branch to be established in the immediate vicinity of the intersection of West Genessee Street and Hindsdale Road, (unincorporated area) Town of Camillus, Onondage County. 4 The Barter Bank & Trust Company, Canton, Ohio. Branch to be established in the immediate vicinity of Hills and Dales Road and State Route 241, Wales Road, Jackson Perry Township, Stark County. 7 Bay City Bank & Trust Company, Bay City, Michigan. Branch to be established at 1500-1512 Broadway, Bay City. 8 Bank of Eldon, Eldon, Missouri. Branch to be established at intersection of Highway 54 and W Lakeland. 12 3 Bank of Idaho, Boise, Idaho. Branch to be established in, adjacent to, or near Grand Central Shopping Center, City of Pocatello, Bannock County. Approved *The Union Banking & Trust Company of Du Bois, Pennsylvania. Branch to be established at 418-420 Main Street, Reynoldsville, Jefferson County. •^Application processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 1972 No. 38 -3Approved Continued *First Michigan Bank and Trust Company, Zeeland, Michigan. Branch to be established at 1136 Ottawa Beach Road, Park Township, Ottawa County. ^Manchester Bank of St. Louis, St. Louis, Missouri. Branch to be established (drive-in and walk-up facility) at 2329-39 Hampton Avenue, St. Louis. •k "k *k 1 6 "k To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Received The First National Bank of Boston, Boston, Massachusetts. Branch to be established in Port-au-Prince, Republic of Haiti. First American National Bank of Nashville, Nashville, Tennessee. Branch to be established in Georgetown, Grand Cayman, Cayman Islands. * * * * * 2 Thirty Day Notice of Intention to Establish An Additional Branch in a Foreign Country Received First National City Bank, New York, New York. Additional branch to be established in Netherlands Antilles, to be located in Willemstad, Curacao. * * * * * *Application processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1972 No. 38 1 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received **Capitol Bancorporation, Boston, Massachusetts, for prior approval to acquire 100 per cent of the voting shares of Capitol Bank and Trust Company, Boston, Massachusetts. 9-14-72 1 **Yankee Heritage Bancorporation, Gloucester, Massachusetts, for prior approval to acquire at least 80 per cent of the voting shares of Cape Ann Bank and Trust Company, Gloucester, Massachusetts, 9-11-72 7 **Century Financial Corporation of Michigan, Saginaw, Michigan, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to Second National Bank of Saginaw, Saginaw, Michigan. 9-12-72 6 10 10 Approved **CB&T Bancshares, Inc., Columbus, Georgia, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to Columbus Bank & Trust Company, Columbus, Georgia. Denied Arvco, Inc., Arvada, Colorado, for approval to retain 53.065 per cent of the voting shares of Arvada State Bank, Arvada, Colorado. Suspended **First Wyoming Bancorporation, Kemmerer, Wyoming, for prior approval to acquire not less than 80 per cent of the voting shares of the First National Bank of Kemmerer, Kemmerer, Wyoming. ^Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 9-15-72 9-12-72 H. 2 1972 No. 38 -5To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received **Dominion Bankshares Corporation, Roanoke, Virginia, for prior approval to acquire 100 per cent of the voting shares of Dominion Bank of York County, York County, Virginia, a proposed new bank. 5 Equitable Bancorporation, Baltimore, Maryland, for prior approval to acquire 100 per cent of the voting shares of University National Bank, Rockville, Maryland. 5 Mercantile Bankshares Corporation, Baltimore, Maryland, for prior approval to acquire 100 per cent of the voting shares of Westminster Trust Company, Westminster, Maryland. Outreach National Enterprises, Incorporated, Beaumont, Texas, for approval to retain 81.67 per cent of the outstanding shares of Texas Bank of Beaumont, Texas, Beaumont, Texas. 12 6 11 First Security Corporation, Salt Lake City, Utah, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of First Security Bank of Price, N.A., Price, Utah, a proposed new bank. Approved Southeast Banking Corporation, Miami, Florida, for prior approval to acquire 80 per cent or more of the voting shares of First Bank of Deltona, Deltona, Florida. First City Bancorporation of Texas, Inc., Houston, Texas, for prior approval to acquire 100 per cent of the voting shares (less directors1 qualifying shares) of Executive National Bank, Houston, Texas, a proposed new bank. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 9-13-72 H.2 1972 No. 38 -6- To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Approved Financial Institutions, Inc., Warsaw, New York, for prior approval to merge with Geneva Shareholders, Inc., Warsaw, New York. * * * * * 1 1 2 To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received **First National Boston Corporation, Boston, Massachusetts, notification of intent to continue to engage in de novo activities (factoring, commercial financing and leasing of personal property) through a subsidiary known as FNB Financial Company, Atlanta, Georgia. **Shawmut Association, Inc., Boston, Massachusetts, notification of intent to engage in a de novo activity (securities clearance, and related and incidental activities) through a subsidiary to be known as Shawmut Securities Clearance Corporation, with offices in Boston, Massachusetts, and New York, New York. First National City Corporation, New York, New York, for prior approval to acquire 100 per cent of the voting shares of Acceptance Finance Company, Clayton, Missouri. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 9-15-72 9-13-72 H. 2 1972 No. 38 6 -7Received Continued **Hamilton Bancshares, Inc., Chattanooga, Tennessee, notification of intent to engage in de novo activities (providing mortgage banking services in Tennessee and Georgia; said mortgage activity will include the solicitation of life insurance, accident and health insurance and home owners insurance incident to the mortgage) through a subsidiary to be known as Hamilton Mortgage Corporation in Chattanooga, Knoxville, Memphis, and Nashville, Tennessee; and Atlanta and Macon, Georgia. 9-15-72 6 **Palmer Bank Corporation, Sarasota, Florida, notification of intent to engage in a de novo activity (providing bookkeeping or data processing services for the internal operations of the holding company and its subsidiaries and storing and processing other banking, financial, or related economic data) through a subsidiary to be known as Palmer Data Corporation in Sarasota, Fort Myers, and Naples, Florida. 9-14-72 6 **Pan American Bancshares, Inc., Miami, Florida, notification of intent to shift a de novo activity (making and acquiring, for its own account or for the account of others, loans and other extensions of credit for the purpose of commercial sales financing) from its subsidiary bank, Pan American Bank of Hialeah, N.A., Hialeah, Florida, to a subsidiary to be known as Pan American Capital Corp., Hialeah, Florida. 9-11-72 6 **Pan American Bancshares, Inc., Miami, Florida, notification of intent to shift a de novo activity (providing data processing services for the holding company and its subsidiaries and storing and processing other banking, financial, or related economic data for others) from its subsidiary bank, Pan American Bank of Miami, Miami, Florida, through a subsidiary to be known as Pan American Data Corp., Miami, Florida. 9-11-72 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1972 No. 38 10 11 3 1 2 - 8- Received Continued **Danehower Realty Corporation, Chanute, Kansas, notification of intent to engage in a de novo activity (leasing of personal property and equipment, or acting as agent, broker or adviser in the leasing of such personal property and/or equipment). Such activity will be conducted at 14 North Lincoln, Chanute, Kansas. **PanNational Group, Inc., El Paso, Texas (formerly State National Bancshares, Inc.) to engage in a <ie novo activity (leasing of personal property and equipment and acting as agent, broker or adviser in the leasing of such property) through a subsidiary known as PanNational Leasing, Inc., El Paso, Texas. 9-15-72 Approved Provident National Corporation, Philadelphia, Pennsylvania, for prior approval to acquire all of the voting shares of John P. Maguire & Co., Inc., New York, New York. Permitted **First National Boston Corporation, Boston, Massachusetts, to engage in de novo activities (making or acquiring for its own account or the account of others, loans and other extensions of credit, and leasing of personal property) through subsidiaries known as Massachusetts Tankers, Inc., Boston Tankers, Inc., Boston Tankers Corp. I, Boston Tankers Corp. II, Boston Tankers Corp. Ill, and Boston Tankers Corp. IV, all in Boston, Massachusetts, **The Chase Manhattan Corporation, New York, New York, to engage in die novo activities (to conduct generally the business of a mortgage company by (1) making or acquiring for investment or resale, for its own account or for the account of others, loans and other extensions of credit in respect of **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 9-14-72 9-16-72 9-14-72 H.2 1972 No. 38 -9Permitted Continued real property; (2) acting as an issuer, broker 3|id/or dealer in respect of securities guaranteed by the Government National Mortgage Association, which are based on or backed by pools of mortgages, which securities may be of the type commonly known as straight pass through or modified pass through securities; (3) act as an investment and financial adviser on real estate matters to the extent of providing portfolio investment advice to others, furnishing general economic information and advice, general economical statistical forecasting services and industry studies and providing financial advice to State and local governments, such as with respect to the issuance of their securities; (4) service mortgage loans; and (5) act as a broker and/or dealer in connection with the placement of debentures issued by the Federal Housing Administration) through a subsidiary to be known as Housing Investment Corporation of Florida. Such activities will be conducted at offices in Miami, Tampa, St. Petersburg, West Palm Beach, Fort Lauderdale, Orlando and Jacksonville, Florida. 2 **First Empire State Corporation, Buffalo, New York, to engage in de novo activities (as principal or agent to originate, purchase, acquire, invest in, deal in, deal with, service, sell, dispose of, and make loans with respect to or upon the security of bonds, mortgages and other securities or instruments relating to real property situated within or without the State of New York) through a subsidiary to be known as First Empire Realty Credit Corp., White Plains, New York. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 9-14-72 H.2 1972 No. 38 -10- 3 Permitted Continued **First Pennsylvania Corporation, Philadelphia, Pennsylvania, to engage in a de_ novo activity (bookkeeping, record keeping, processing, accounting, transfer agent, registrar and similar services,pertaining to the relations of corporations, business trusts, open-end-andclosed-end investment companies, unit investment trusts, and pension profit sharing and other employee benefit plans, with their shareholders, securities holders or beneficiaries) through its subsidiary, Fund/Plan Services, Inc., Philadelphia, Pennsylvania. 9-12-72 6 **First Alabama Bancshares, Inc., Birmingham, Alabama, to engage in a de_ novo activity (acting as agent or broker with respect to (i) credit life or accident and health insurance that is directly related to the extension of credit by a bank or bank-related firm; (ii) credit life or accident and health insurance that is directly related to the provision of other financial services by a bank or bankrelated firm; and (iii) insurance sold in communities which have a population not exceeding 5,000) through a subsidiary to be known as FAB Agency, Inc., at locations in Birmingham, Montgomery, and Huntsville, Alabama. 9-16-72 6 **First National Holding Corp., Atlanta, Georgia, to engage in a de novo activity (making loans, principally secured by second mortgages on single family residences, for its own account) in Tampa, Florida, through its present subsidiary, First South Homeowners Co., Inc. 9-14-72 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1972 No. 38 -11- 6 12 1 Permitted Continued **Great American Corporation, Baton Rouge, Louisiana, to continue to engage in a de novo activity (making and acquiring for its own account, loans, discounts, acceptances and other extensions of credit, and such other business as is customarily engaged in by a consumer credit or finance company) through a subsidiary known as Ambank Acceptance Corporation, Baton Rouge, Louisiana, doing business as American Acceptance Associates. **Patagonia Corporation, Tucson, Arizona, to engage in de novo activities (consumer finance business and to act as an insurance agent in connection with insurance directly related to the extension of credit to its borrowers) through a subsidiary known as Advance Loan Company of Lakewood, Lakewood, Colorado. Reactivated **Industrial National Corporation, Providence, Rhode Island, notification of intent to continue to engage in a de novo activity (leasing of personal property and equipment) through a subsidiary known as Industrial Leasing Corporation, Atlanta, Georgia. * 4 9-14-72 9-15-72 * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Received **Citizens Financial Corporation, Cleveland, Ohio, notification of its intent to acquire the City Plumbing and Heating Company, Cleveland, Ohio, a company involved in the building trades business as a contractor of plumbing, heating and ventilation to general contractors. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 9-15-72 9-13-72 H.2 1972 No. 38 10 -12- Permitted **0n H.2 No. 34 the Board reported receipt of a notification from Arizona-Colorado Land & Cattle Company, Phoenix, Arizona, to acquire Jaschke Engineering, Inc., Lakewood, Colorado. The 45-day period has been accelerated. **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 9-14-72
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