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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1989, No. 37 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending September 16, 1989. ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Deposit insurance funds and the adequacy of the supervisory framework for banking institutions statement by Vice Chairman Johnson before the Subcommittee on Financial Institutions S u p e r v i s i o n , Regulation and Insurance of the House Committee on Banking, Finance and Urban Affairs, September 19, 1989. Authorized, September 15, 1989. SECURITIES REGULATION Securities u n d e r w r i t i n g subsidiaries — to raise from 5 to 10 percent the limit on the amount of revenue a section 20 subsidiary may derive from ineligible securities u n d e r w r i t i n g and dealing activities; and to permit u n d e r w r i t i n g and dealing in securities of affiliates where the securities are rated, issued or g u a r a n t e e d under certain guidelines. Approved, S e ptember 13, 1989. ACTIONS TAKEN BY THE STA F F A N D THE F E D E R A L RES E R V E BANKS U N D E R DELEG A T E D A U T H O R I T Y ABBREVIATIONSi B S & R - B a n k i n g S u p e r v i s i o n and Regulation; C&C A - C o n sumer and C o m m u n i t y Affairs; FOMC - Federal Open Market Committee; FRBO - Federal R e s e r v e B a n k Operations; GC - General Counsel; IF - I n t e r national Finance; OSDM - O f f i c e of S t a f f Direc t o r for M a n a g e m e n t B A N K BRANCHES, D O M E S T I C Chi c a g o D a v e n p o r t B a n k and Trust Company, Davenport, Iowa — to e s t a b l i s h an off s i t e el e c t r o n i c facility at St. A m b r o s e University, 518 W. Locust Street. Returned, S e p t e m b e r 12, 1989. Chi c a g o NBD G e n e s s e e Bank, Flint, M i c h i g a n — to e s t a b l i s h a b r a n c h at the n o r t h w e s t o f S. S a g i n a w and T e r r i t o r i a l Street, G r a n d Blanc, Michigan. Approved, S e p t e m b e r 14, 1989. H.2 SEPTEMBER 10, 1989 PAGE 2 TO SEPTEHEER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES S t . Louis Allegiant Bancorp, Inc., Kahoka, Missouri — acquire Allegiant National Bank. Approved, September 15, 1989. San Francisco Allied Bancorp, Mission Viejo, California — to acquire Mission Valley Bank, San Clemente, California. Returned, September 14, 1989. Kansas City BancFirst, Oklahoma City, Oklahoma — dividend. Approved, September 11, 1989. Dallas B F W Financial Corporation, Burleson, Texas — to acquire Alvord Financial Corporation, Alvord, Texas, and Al v o r d National Bank in Alvord. Returned, September 15, 1989. Chicago Caisse Nationale de Credit Agricole S.A., Paris, France — to engage de novo in brokerage services through B e rtrand Michel Securities, Inc., New York, New York. Returned, September 12, 1989. Cleveland Cardinal Bancshares, Inc., Lexington, Kentucky — engage de novo in consumer finance activities through Cardinal Credit Corporation, Harlan, Kentucky. Permitted, September 10, 1989. Chicago Cascade Bancorporation, Inc., Altoona, Iowa — to acquire Wabeno Bancorporation, Inc., and State Bank of Wabeno. Approved, September 11, 1989. Atlanta CBS Banc - Corp, Russellville, Alabama — Citizens Bank & Savings Company. Approved, September 11, 1989. Dallas Central Bancshares, Inc., Wilmington, Delaware — acquire Central Bank, Garland, Texas. Approved, September 14, 1989. to payment of a to to acquire tc H.2 SEPTEMBER 10, 1989 PAGE 3 TO SEPTEMBER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago CNBC Bancorp, Inc., Chicago, Illinois — to engage de novo in lending activities through CNBC Investment Corp., and in leasing activities through CNBC Leasing Corp. Permitted, September 15, 1989. Dallas East Texas Financial Corporation, Kilgore, Texas — to acquire Citizens Bank. Returned, September 13, 1989. Atlanta Employee Stock Ownership Trust of the P e o p l e Ts Ba n k & Trust Company of Pickett County, Byrdstown, Tennessee — to acquire Upper Cumberland Bancshares, Inc. Approved, September 13, 1989. S t . Louis Financial Bancshares, Inc., St. Louis, Missouri — to engage de novo through First Financial Mortgage, Inc. in lending activities. Permitted, September 11, 1989. Kansas City First Capital Corporation, Overland Park, Kansas — to acquire Citizens National Bank, Fort Scott, Kansas. Approved, September 14, 1989. New Y o r k H a rmonia Bancorp, Inc., Kenilworth, New Jersey — acquire H a rmonia Savings Bank. Approved, September 13, 1989. Minneapolis International Bancorporation, Bemidji, Minnesota — to acquire Pelican Bancshares, Inc., Pelican Rapids, Minnesota. Approved, September 13, 1989. Minneapolis Martinius Corporation, Rogers, Minnesota — to acquire A l m e l u n d Bancshares, Inc., Almelund, Minnesota. A p p r o v e d , September 11, 1989. Boston M i d C o n n Bancorp, Inc., Kensington, Connecticut — acquire Mid C o n n Bank. Withdrawn, September 15, 1989. to to H. 2 SEPTEMBER 10, 1989 PAGE 4 TO SEPTEMBER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Norwest Corporation, engage in leasing Capital C o r p . and Approved, September Chicago Peoples Financial Corp. of Illinois, Inc., Kewanee, Illinois — to acquire Peoples National Bank of Kewanee. Approved, September 15, 1989. Chicago Readlyn Bancshares, Inc., St. Paul, Minnesota — to acquire Britt Bancshares, Inc., and First State Bank, Britt, Iowa. Approved, September 14, 1989. Chicago Sheldon Security Financial Corporation, Sheldon, Iowa — to acquire Security State Bank; and for Sheldon Security Bancorporation, Inc., to acquire Sheldon Security Financial Corporation and Security State Bank. Approved, September 14, 1989. San Francisco V e n t u r a County National Bancorp, Oxnard, California — to acquire Frontier Group, Inc., La Palma, California, Frontier Bank, N.A., and Frontier Services. Approved, September 12, 1989. Chicago W a b e n o Bancorporation, Inc., Altoona, Iowa — to acquire State Ban k of Wabeno, Wabeno, Wisconsin. Approved, September 11, 1989. Minneapolis, Minnesota — to activities through Crestwood Crestwood Financial C o r p . 14, 1989. BANK PREMISES Staff D i rector BS& R B a n k of Adairsville, Adairsville, Georgia — investment in b a n k premises. Approved, September 13, 1989. New Y o r k Un i t e d J e r s e y Bank / Commercial Trust, Je r s e y City, Ne w Je r s e y — investment in b a n k premises. Approved, September 15, 1989. H.2 SEPTEMBER 10, 1989 PAGE 5 TO SEPTEMBER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS San Francisco AMFAC, Inc., Honolulu, Hawaii — statement. W i t h d r a w n , September 11, 19 8 9 . registration San Francisco Crescent Lending Corporation, Phoenix, Arizona — registration statement. Withdrawn, September 11 , 1989 . San Francisco Hickam Federal Credit Union, Honolulu, Hawaii — registration statement. Withdrawn, September 11, 1989. San Francisco Homestake Mining Company, San Francisco, California — registration statement. W i t h d r a w n , September 11, 1989. San Francisco International K i n g Ts Table, Eugene, Oregon — registration statement. W i t h d r a w n , September 11, 1989. San Francisco Northcoast Production Credit Association, Santa Rosa, California — registration statement. W i t h d r a w n , September 11, 1989. San Francisco Pasadena School Employees Federal Credit Union, Pasadena, California — registration statement. Withdrawn, September 11, 1989. San Francisco San Jose Production Credit Association, Salinas, California — registration statement. Withdrawn, September 11, 1989. San Francisco Union Oil Brea Federal Credit Union, Brea, California — registration statement. W i t h d r a w n , September 11, 1989. BANKS, STATE MEMBER A t l anta E m erald Coast State Bank, Mary Esther, Florida — to relocate its ma i n office to the corner of Carmel Drive and Beal Parkway, from Miracle Strip Parkway. Approved, September 15, 1989. S t . Louis E n g lish State Bank, English, Indiana — dividend. Approved, S e p tember 15, 1989. payment of a H.2 SEPTEMBER 10* 1989 PAGE 6 TO SEPTEMBER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK S t . Louis First State Bank Employee Stock Ownership Trust, Covington, Tennessee — redemption of shares. Approved, September 12, 1989. New Yor k United Mizrahi Overseas Holding Company B.V., Amsterdam, the Netherlands — redemption of shares. Approved, September 15, 1989. Dallas Wes t e r n Bancshares of New Mexico, Inc., Artesia, New Mexico — redemption of shares. Approved, September 12, 1989. CHANGE IN BANK CONTROL Dallas Bay Bancshares, Inc., La Porte, Texas — bank control. Permitted, September 13, 1989. change in Kansas City Citizens Commerce Corporation, Ardmore, Oklahoma — change in bank c o n t r o l . Permitted, September 15, 1989. Kansas City First Alex Bancshares, Inc., Alex, Oklahoma — in bank control. P e r m i t t e d , September 11, 1989. New Y o r k First State Bancorp, Howell, New Jersey — bank control. P e r m i t t e d , September 11, 1989. S t . Louis First State Ban k Employee Sto c k Ownership Trust, Covington, Tennessee — change in ban k control. Permitted, September 12, 1989. Kansas City Green Mountain Bancorporation, Inc., Lakewood, Colorado — change in ban k control. Permitted, September 15, 1989. Kansas City Ha rrah National Bancshares, Inc., Harrah, Oklahoma — change in ban k control. Permitted, September 13, 1989. Kansas City NBS Holdings, Inc., Denver, Colorado — to acquire Bergen Park National Bank, Evergreen, Colorado, and Douglas County National Bank, Parker, Colorado. Permitted, September 12, 1989. change change in H .2 SEPTEMBER 10, 1989 PAGE 5 TO SEPTEMBER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS San Francisco AMFAC, Inc., Honolulu, Hawaii — statement. W i t h d r a w n , September 11 , 1989 . registration San Francisco Crescent Lending Corporation, Phoenix, Arizona — registration statement. Withdrawn, September 11 , 1989 . San Francisco Hickam Federal Credit Union, Honolulu, Hawaii — registration statement. Withdrawn, September 11, 1989. San Francisco Homestake Mining Company, San Francisco, California — registration statement. Withdrawn, September 11, 1989. San Francisco International K i n g Ts Table, Eugene, Oregon — registration statement. W i t h d r a w n , September 11, 1989. San Francisco Northcoast Production Credit Association, Santa Rosa, California — registration statement. Withdrawn, September 11, 1989. San Francisco Pasadena School Employees Federal Credit Union, Pasadena, California — registration statement. Withdrawn, September 11, 1989. San Francisco San Jose Production Credit Association, Salinas, California — registration statement. Withdrawn, September 11, 1989. San Francisco Union Oil Brea Federal Credit Union, Brea, California — registration statement. Withdrawn, September 11, 1989. BANKS, STATE ME M B E R A t lanta Eme r a l d Coast State Bank, Mary Esther, Florida — to relocate its mai n office to the corner of Carmel Drive and Beal Parkway, from Miracle Strip Parkway. Approved, September 15, 1989. S t . Louis E n g l i s h State Bank, English, Indiana — dividend. Approved, September 15, 1989. payment of a H.2 SEPTEMBER 10, 1989 PAGE 6 TO SEPTEMBER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK S t . Louis First State Bank Employee Stock Ownership Trust, Covington, Tennessee — redemption of shares. Approved, September 12, 1989. New Y o r k United Mizrahi Overseas Holding Company B.V., Amsterdam, the Netherlands — redemption of shares. Approved, September 15, 1989. Dallas W e stern Bancshares of New Mexico, Inc., Artesia, New Mexico — redemption of shares. Approved, September 12, 1989. CHANGE IN BANK CONTROL Dallas Bay Bancshares, Inc., La Porte, Texas — ba n k c o n t r o l . Permitted, September 13, 1989. change in Kansas City Citizens Commerce Corporation, Ardmore, Oklahoma — change in ban k c o n t r o l . Permitted, September 15, 1989. Kansas City First Alex Bancshares, Inc., Alex, Oklahoma — in ban k c o n t r o l . P e r m i t t e d , September 11, 1989. New Y o r k First State Bancorp, Howell, New Jersey — bank control. Permitted, September 11, 1989. S t . Louis First State Ban k Employee Sto c k Ownership Trust, Covington, Tennessee — change in bank control. Permitted, September 12, 1989. Kansas City Green M o untain Bancorporation, Inc., Lakewood, Colorado — change in b a n k c o n t r o l . Permitted, September 15, 1989. Kansas City Harrah National Bancshares, Inc., Harrah, Oklahoma — change in b a n k control. Permitted, September 13, 1989. Kansas City NBS Holdings, Inc., Denver, Colorado — to acquire B e rgen Pa r k National Bank, Evergreen, Colorado, and Douglas Coun t y National Bank, Parker, Colorado. Permitted, S e ptember 12, 1989. change change in H.2 SEPTEMBER 10* 1989 PAGE 7 TO SEPTEMBER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Dallas Western Bancshares of New Mexico, Inc., Artesia, New Mexico — change in bank c o n t r o l . Permitted, September 12, 1989. COMPETITIVE FACTORS REPORTS Boston Bank of Vermont, Burlington, Vermont, proposed acquisition of certain assets and assumption of certain liabilities of two Barre, Vermont, Branches of First Vermont Ban k & Trust Company, Brattleboro, Vermont — report on competitive factors. Submitted, September 14, 1989. Chicago Bank One, Mequon, Mequon, Wisconsin, and Bank One, Waukesha, Delafield, Wisconsin, proposed merger with Bank One, Milwaukee, National Association, Milwaukee, Wisco n s i n — report on competitive factors. Submitted, September 14, 1989. Chicago Busey Bank, Urbana, Illinois, proposed merger with State Ba n k of St. Joseph, St. Joseph, Illinois — report on competitive factors. Submitted, September 14, 1989. Dallas Cullen Center Bank & Trust, Houston, Texas, proposed merger with Cullen B a n k / CityWest, N.A. — report on competitive factors. Submitted, September 13, 1989. R i c hmond First National B a n k of Broadway, Broadway, Virginia, p r o posed merger with New Broadway Bank, National A s s o c i a t i o n — report on competitive factors. Submitted, September 11, 1989. Atlanta SouthTrust B a n k of Savannah, Savannah, Georgia, prop o s e d a c quisition of assets and assumption of deposit liabilities of the Savannah, Georgia, Branch of Anchor Savings FSB, Hewlett, New Y o r k — report on competitive factors. Submitted, September 11, 1989. H.2 SEPTEMBER 10, 1989 PAGE 8 TO SEPTEMBER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia United Jersey Bank / Central, National Association, West Windsor Township, New Jersey, proposed purchase of certain assets and assumption of certain liabilities of 12 branches of United Jersey Bank / Commercial Trust, Jersey City, New Jersey — report on competitive factors. Submitted, September 15, 1989. Boston United S a v e r Ts Bancorp, Inc., Manchester, New Hampshire, p r oposed merger with Belknap Bank and Trust; Belmont; D a rtmouth Banking Company, Hanover; and United Savings Bank, Manchester, with The S a v e r Ts Bank, Littleton, New Hampshire — report on competitive factors. Submitted, September 15, 1989. EXTENSIONS OF TIME Chicago Caisse Nationale de Credit Agricole, Paris, France — extension to October 23, 1989, to engage de novo in lending, leasing, and real estate equity financing activities. Granted, September 15, 1989. Richmond First Clay County Banc Corporation, Clay, West Virg i n i a — e x t e n s i o n to December 13, 1989, to acquire Clay Co u n t y Bank. Granted, September 12, 1989. San Francisco First Interstate Bancorp, Los Angeles, California extensions to divest certain properties. Granted, September 15, 1989. Chicago First of A m e r i c a B a n k - Central, Lansing, Michigan — extension to M a r c h 13, 1990, to establish a bran c h at the i n t e r section of Okemos and Jolly Roads, Meridian Township, Michigan. Granted, Septe m b e r 14, 1989. New Y o r k Great E a s t e r n Bank, Flushing, New Y o r k — extension to March 14, 1990, to establish a bra n c h at 16-18 East Broadway, New York, New York. Granted, S e p tember 15, 1989. H .2 SEPTEMBER 10^ 1989 PAGE 9 TO SEPTEMBER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED A U T HORITY EXTENSIONS OF TIME Minneapolis Orono Financial, Inc., Navarre, Minnesota — extension to December 13, 1989, to acquire the Wayzata Bank of the Lakes, N.A., Wayzata, Minnesota. Granted, September 11, 1989. Cleveland Society Corporation, Cleveland, Ohio — extension to July 31, 1989, to engage de novo in trust and investment advisory activities through Society National Trust Company, Naples, Florida. Granted, September 10, 1989. INTERNATIONAL OPERATIONS S t . Louis Mercantile B a n k International, St. Louis, Missouri to extend corporate charter for a period of twenty years. Approved, September 14, 1989. H.2 ADDITIONS AND CORRECTIONS SEPTEMBER 10, 1989 PAGE 10 TO SEPTEMBER 15, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME New York United States Trust Company of New York, New Y o r k — extension to August 7, 1990, to establish a branch at 120 West 47th Street. Granted, July 27, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE 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 ONLY Application Comment Period Ending Date NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper _____________Notice Only__________ Manufacturers and Traders Trust Company, Buffalo, New York to establish a branch at 4098 North Buffalo Road, Orchard Park, New York.l/ United Jersey Bank, Hackensack, New Jersey to establish a branch at 622 Market Street, Elmwood Park, New Jersey.1/ United States Trust Company of New York, New York to establish a branch at 20 Exchange Place, New York, New York.l/ 10/9/89 10/11/89 10/16/89 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Banco de Venezuela, S.A.I.C.A., Caracas, Venezuela; The P.A.B. Trust, Jersey, Channel Islands; P.A.B. Holdings Ltd., Jersey, Channel islands; and P.A.B. Holdings USA, Inc., New York, New York to become bank holding companies with respect to The Park Avenue Bank, N.A., New York, New York.l/ 10/7/89 2/ SECTION III Noribanking Applications (Subject to Federal Register Notice Only) Citicorp, New York, New York to engage through a de novo office of its subsidiary, Citicorp Futures Corp., in Tokyo, Japan in certain futures commission merchant and commodities trading advisory activities. SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ 2/ 3/ 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 10/6/89 flH^FEDERAL RESERVE BAN KO F PHILADELPHIA Week Ending 9/15/89 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Central Bank, Hollidaysburg, PA to purchase JJ certain assets and assume certain liabilities of two State College, PA branch offices of Landmark Savings Association, Pittsburgh, PA. 10/7/89 Constitution Bank, Philadelphia, PA to merge 1/ with CB Interim State Bank, Philadelphia, PA, pursuant to Section 18(c) of the Federal Deposit Insurance Act. 10/12/89 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Guaranty Bancshares Corporation, Shamokin, PA \J to acquire 80% of voting shares of Guaranty Bank of Princeton (a de novo bank in formation), Princeton, NJ pursuant to Section 3(a)(3) of the Bank Holding Company Act. Newspaper: Federal Register: 9/28/89 9/29/89 Constitution Bank, Philadelphia, PA to become 1/ a Bank Holding Company by acquiring Constitution Bank, Philadelphia, PA, pursuant to Section .3(a)(1) of the Bank Holding Company Act. Newspaper: Federal Register: 10/9/89 **N/A 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. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Applications Bulletin For Week Endixjg September 16, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDEPAL REGISTER NOTICE APPLICATION COMMENT PERIOD ELIDING Received Section 3(a)(5) application on September 11, 1989 from The Fifth Third Bancorp, Cincinnati, Ohio, to acquire The First Ohio Bancshares, Inc., Toledo, Ohio. N - * October 11, 1989 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c)(8) application on September 15, 1989 from The Fiftli Third Bancorp, Cincinnati, Ohio, to acquire the following non-bank subsidiaries of First Ohio Bancshares, Inc., Toledo, Ohio: First Ohio Life Insurance Company, Toledo, Ohio, and First Ohio Investment Services Inc., Toledo, Ohio. Not Yet Known # * - Subject to CRA # - Expected to end approximately 30 days from the date of receipt N - Newspaper Comment Period Applications Bulletin For Week Ending September 16, 1989 SECTION IV •- APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * * # N F - Subject to CRA - Expected to end approximately 30 days from the date of receipt - Newspaper Comment Period - Federal Register Comment Period Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper : Notice Only Application Comment Period Ending Date Central Fidelity Bank, Richmond, Virginia, request for permission to establish a branch at 9140 Belvoir Woods Parkway, Fort Belvoir, Virginia.* 10-1-89 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Mr. Dan R. Moore and Mr. James H. Harless, Notice of Change in Control with respect to Matewan BancShares, Inc., Matewan, West Virginia. 9 -25-89*** New East Bancorp, Raleigh, North Carolina, for prior approval to acquire New East Bank of Fayetteville, Fayetteville, North Carolina, a de novo bank.* 9-26-89 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date South Carolina National Corporation, Columbia, South Carolina, to engage de novo in the activity of community development directly, through investment as the sole limited partner and 99% capital investor in each of seven limited partnerships. The activities will be conducted in the South Carolina communities of Lugoff, Clover, Union, Conway, Clinton, Winnsboro, and Walhalla. 10-6-89** Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Application is subject to CRA. **Expiration of comment period specified in the Federal Register. September 11, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Guaranty Bank of Southwest Florida 10-06-89 (CRA) Venice, Florida TO establish a branch office at 12600 South Tamiami Trail, North Port, Florida, to be known as the North Port Office. Section II - Applications Subject to Both Newspaper and Federal Register Notice Appliescion Comment Period Ending Date Citizens National Corporation Naples, Florida 1-BHC formation, Citizens National Bank of Naples, Naples, Florida. SouthTrust Corporation Birmingham, Alabama To acquire SouthTrust Bank of Orlando, Orlando, Florida (in organization), through its wholly-owned subsidiary, SouthTrust of Florida, Inc., St. Petersburg, Florida. CB&T Bancshares, Inc. Columbus, Georgia Along with its parent, TB&C Bancshares, Inc., Columbus, Georgia, to acquire Bank of Pensacola, Pensacola, Florida. The First National Bankshares of Henry County, Inc. 09-24-89 Stockbridge, Georgia Newspaper 1-BHC formation, The First National Bank of Henry County, Stockbridge, Georgia (in organization). First: National Corporation of Picayune Picayune, Mississippi Change in control by First National Corporation of Picayune Employee Stock Ownership Stock Bonus Plan and Trust, Sherry L. Willis, Trustee, to acquire an additional 12.4 percent of the outstanding shares of common stock that will increase its total percentage ownership to 22.5 percent. September 11, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section III - Applications Subject To Federal Register Notice Only Application Auburn National Bancorporacion Auburn, Alabama To establish ANB Systems, Inc., Auburn, Alabama, and engage de novo in data processing activities, pursuant to section 225.25(b)(7) of Regulation Y. Gold Coast Bancshares, Inc. Hypoluxo, Florida 09-27-89 Joint venture with Gulfstream Financial Services, Inc., Fort Lauderdale, Florida, to establish Gold Coast Financial Services, Inc., Hypoluxo, Florida, and engage de novo in mortgage banking and mortgage brokerage activities, pursuant to section 225.25(b)(1)(iii) of Regulation Y. BancTenn Corp. Kingsport, Tennessee 09-27-89 To establish BancTenn Service Corporation, Johnson City, Tennessee, and engage de novo in servicing loans and real estate and personal property appraisals, pursuant to sections 225.25(b)(1) and 225.25(b)(13) of Regulation Y. Section IV - Applications Not Subject To Federal Register Notice or Newspaper Notice Application First Southwest Corporation McCcmb, Mississippi Commitment waiver request. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Application Ending Date Merger/ Branch Comerica Bank - Detroit N D e t r o i t , Michigan Dearborn Bank and Trust Company D e a r b o r n , Michigan - 23400 Michigan Avenue* - 9-2-89 Branch Comerica Bank - Detroit D e t r o i t , Michigan Fairlane Meadows Dear b o r n , Michigan* N - 9-2-89 Branch Comerica Bank - Detroit D e t r o i t , Michigan 12701 W. Warren Avenue De a r b o r n , Michigan* N - 9-2-89 Branch Comerica Bank - Detroit D e t r o i t , Michigan 13550 Ford Road De a r b o r n , Michigan* N - 9-2-89 Branch Comerica Bank - Detroit D e t r o i t , Michigan 13552 Michigan Avenue De a r b o r n , Michigan* N - 9-2-89 Branch Comerica Bank - Detroit Detroit/ Michigan 15400 Commerce Drive North Dear b o r n , Michigan* N - 9-2-89 Branch Comerica Bank - Detroit Detroit/ Michigan 22001 Garrison D e a r b o r n / Michigan* N - 9-2-89 Branch Comerica Bank - Detroit Detroit/ Michigan 23053 Michigan Avenue Dear b o r n , Michigan* N - 9-2-89 Branch Comerica Bank - Detroit Detroit/ Michigan 24309 Joy Road Dearborn Heights/ Michigan* n - 9-2-89 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Comment Period Ending Date TyB,e Application Branch Comerica Bank - Detroit Detroit, Michigan 25682 Van Born Road Dearborn Heights, Michigan* N - 9-2-89 Branch Comerica Bank - Detroit Detroit, Michigan 25741 Ford Road Dearborn Heights, Michigan* N - 9-2-89 Branch Comerica Bank - Detroit Detroit, Michigan 3736 Pelham Road Dearborn, Michigan* N - 9-2-89 Branch/24A Markesan State Bank Markesan, Wisconsin Highway 73, Randolph, Wisconsin* N - 9-25-89 Chemical Bank and Trust Company Midland, Michigan Chemical Bank Bay Area Bay City, Michigan 4955 Bay Road Saginaw, Michigan* N - 9-22-89 Branch/24A The First Commercial Bank Chicago, Illinois NW Corner Touhy & Kedzie Chicago, Illinois* N - ** Merger/ Branch Central State Bank Elkader, Iowa First State Savings Bank McGregor, Iowa 158 1st Street McGregor, Iowa* N - ** Branch Central State Bank Elkader, Iowa Marquette, Iowa, Office of First State Savings Bank * N - ** Merger/ Branch Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Continued Comment P e rio d E n d in g Date Type Application Branch Relocation Old Kent Bank-Southwest N i l e s , Michigan From 1200 Niles-Buchanan Road to 702 E. Front Street Buchanan, Michigan* N - ** Merger/ Branch Villa Grove State Bank Villa Grove, Illinois The First National Bank of Villa Grove Villa Grove, Illinois 2 N. Main Street Villa Grove, Illinois* N - ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application Y-2 American National Corporation Chicago, Illinois Citizens Holding Corporation Genoa City, Wisconsin Citizens State Bank Genoa City, Wisconsin* FR - 9-27-89 N - ** Y-2 First Chicago Corporation Chicago, Illinois Citizens Holding Corporation Genoa City, Wisconsin Citizens State Bank Genoa City, Wisconsin* FR - 9-27-89 N - ** CoC-HC Capitol Bancorp, Ltd. Lansing, Michigan Joseph D. Reid and Jerry L. Reid as Joint Tenants & J. D. Reid, P .C . Ret irement Trust FR - ** N - ** Y-l Century Financial Corporation Coldwater, Michigan Century Bank and Trust Coldwater, Michigan* FR - ** N - ** 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 Prairie Bancorp, I n c . Manlius, Illinois First National Bank of Manlius Manlius, Illinois* FR - ** N - ** Y-2 Greater Chicago Financial Corp. Chicago, Illinois Ashland Bancshares, Inc. Chicago, Illinois Ashland State Bank Chicago, 111inois* FR - ** N - 9-29-89 Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application Y-4 A.B.N. - Stichting Amsterdam, Netherland ABN Capital Markets Corporation New York, New York FR - 9-25-89 Y-4 Algemene Bank Nederland N.V. Amsterdam, Netherland ABN Capital Markets Corporation New York, New York FR - 9-25-89 Y-4 Salin Bancshares of North Central FR - 9-27-89 Indiana, Inc. Indianapolis, Indiana Skyline Village, An Indiana Limited Partnership Corunna, Indiana 4(c)(8) The Greenwood's Bancorporation, Inc. Lake Mills, Wisconsin Greenwood's Financial Services, Inc. Lake Mills, Wisconsin FR - ** 4(c)(8) Greatbanc, Inc. Itasca, Illinois Greatbanc Trust Company Aurora, Illinois FR - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Continued Comment Period Ending Date Type Application 4(c)(8) Bank of Montreal M o ntreal, Canada Harris Investment Management, Inc. Chicago, Illinois FR - ** 4(c)(8) Bankmont Financial Corp. New York, New York Harris Investment Management, Inc. Chicago, Illinois FR - ** 4(c)(8) Harris Bankcorp, Inc. Chicago, Illinois Harris Investment Management, Inc. Chicago, Illinois 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 Federal Reserve Bank of St. Louis SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY *Section 9 of the Federal Reserve Act and Section 18(c) of the Federal Deposit Insurance Act applications by Landmark Bank of Highland, Highland, Illinois (to be the survivor and a state member bank), to purchase the assets and assume the liabilities of Landmark Bank of Madison County, Glen Carbon, Illinois, and to merge with Landmark Bank of Alton, Alton, Illinois, and to establish branches (Not available) SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE *Section 3(a)(1) application by First City, Inc., Memphis, Tennessee, to become a bank holding company by converting its subsidiary, First City, A Federal Savings Bank, Memphis, Tennessee, to a national bank (Newspaper 10-12-89) *Section 3(a)(3) application by Southside Bancshares Corp, St. Louis, Missouri, to acquire Farmers and Merchants Bank of Berger, Berger, Missouri (Not available) *Section 3(a)(1) application by Holly Grove Bancshares, Inc., Holly Grove, Arkansas, to acquire Bank of Holly Grove, Holly Grove, Arkansas (Newspaper 10-18-89) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Section 4(c)(8) notification by First Paragould Bancshares, Inc., Paragould, Arkansas, to engage de novo in management consulting and data processing activities through First Services of Northeast Arkansas, Inc., Paragould, Arkansas (Not available) Federal Reserve Bank of St. Louis SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only_______ Comment Period Ending Date Application The Northwestern Bank Chippewa Falls, WI To establish a branch at 110 North Washington Street, Thorp, 10-14-89 WI* Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Dennis Zaun, Robert Bauman, Douglas Bauman, James Bauman, & Paul Strandberg To acquire control of 100% of Kerkhoven Bancshares, Inc., Kerkhoven, MN Twin Cities Bancorporation, Inc. Minne tonka, MN To acquire Crossroads National Bank Chanhassen, MN (de novo)* Comment Period Ending Date 9-27-89 (Federal Register) 9-30-89 (Newspaper) MONBAN, Inc. Billings, MT To acquire Fairview Bank Fairview, MT* Not yet available John W. Brown and A.D. Duncklee To increase ownership by 2.15% of Drayton Bancor, Inc., Drayton, ND Not yet available * Subject to CRA FEDERAL RESERVE BANK OF M IN N EA P O LIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Norwest Corporation Minneapolis, MN To engage in general insurance agency activities through entering into an Employment and Option to Purchase Agreement with Robert G. Saffer, an individual, and Saffer Insurance Services, Inc., Lincoln, NE, an insurance agency. The acti vity will be conducted in Lincoln, NE. 10-6-89 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank o f Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SOBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE F a r m e r s S t a t e B a n k s h a r e s , Inc., C i r c l e v i l l e , K a n s a s , for prior a p p roval to b e c o m e a bank holding com p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of v o t i n g shares of The F a r m e r s S t a t e B a n k of Circle v i l l e , Circleville, Kansas.* Not Available F i rsTier F i n a n c i a l , Inc., Omaha, Nebraska, for p r i o r a p p r o v a l to acqu i r e 95 p e r c e n t of the vot i n g shares of S c o t t s b l u f f National C o r p o r a t i o n , S c o t t s b l u f f , Nebraska, p a r e n t of S c o t t s b l u f f Nation a l Bank and T r u s t C o m p a n y , Scottsbluff, Nebraska.* Not A v ailable P a r k w a y F i n a n c i a l , Inc., Ove r l a n d Park, K a n s a s , for prior a p pro v a l to b e c o m e a b a n k h o l d i n g company thr o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g shares of P a r k w a y Bank, O v e r l a n d Park, Kansa s . * S e p t e m b e r 27, 1989 SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION D o u g l a s s B a n c o r p , Inc., Kansa s City, Kans a s , for prior appro v a l to a c q u i r e 100 p e r c e n t of the v o t i n g s h ares of Q u i n d a r o L e a s i n g C o r p o r a t i o n , K a n s a s City, Kansas, and t h e r e b y i n d i r e c t l y engage de novo in ful l p a y - o u t real p r o p e r t y leasing. COMMENT PERIOD ENDING DATE Not Available Federal Reserve Bank o f Kansas City SECTION IV - APPLICATIONS NOT SOBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * A p p l i c a t i o n is s u b j e c t to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 11, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 18(c) application received from Victoria Bank & Trust Company, Victoria, TX, to merge with Bank of Commerce Calhoun County, Point Comfort, TX 89/09/22 ♦Section 18(c) application received from Victoria Bank & Trust Company, Victoria, TX, to merge with The Jackson County State Bank, Edna, TX 89/09/22 ♦Section 9 application received from Victoria Bank & Trust Company, Victoria, TX, to establish a branch at Lamar & Henderson, Point Comfort, TX 89/09/22 ♦Section 9 application received from Victoria Bank & Trust Company, Victoria, TX, to establish a branch at 700 N. Wells, Edna, TX 89/09/22 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Charles I. Castro, Jr., and Perry M. Kallison, Jr., San Antonio, TX, to acquire an interest in Hometown Bancshares, Inc., Houston, TX N/A Change in Control Notice by John P. English, Claude, TX, to acquire an interest in First Caprock Bancshares, Inc., Claude, TX N/A ♦Section 3(a)(1) application by First Lockney Bancshares, Inc., Lockney, TX, to acquire Lockney Bancshares, Inc., Lockney, TX, and First National Bank in Lockney, Lockney, TX 89/10/02 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * 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 FRANCISCO Week ending 9/1 5 /8 9 S e ction I - A p p lic a tio n s S ubject to Newspaper N otice Only A d d ! ic a tio n Comment Period Ending Date None Section I I - A p p lic a tio n s Sub.iect to Both Newspaper and Federal R e g iste r N otice None S e ctio n I I I - A p p lic a tio n s Sub.iect to Federal R e g iste r N otice Only Bank o f Tokyo, L im ite d , Tokyo, Japan, to expand the a c t iv it ie s o f BOT S e c u ritie s , In c ., New York, New York, to now in c lu d e c e rta in brokerage and advisory s e rv ic e s . Fed. Reg.: Not y e t p u b lish e d S e ction IV - A p p lic a tio n s Not Sub.iect to Federal R e g iste r N otice or Newspaper N otice None * Subject to CRA. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * 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 FRANCISCO Week ending 9/1 5 /8 9 S ection I - A p p lic a tio n s S ubject to Newspaper N otice Only A p p lic a tio n Comment Period Ending Date None Section I I - A p p lic a tio n s S ubject to Both Newspaper and Federal R e g iste r N otice None S e ctio n I I I - A p p lic a tio n s Sub.iect to Federal R e g iste r N otice Only Bank o f Tokyo, L im ite d , Tokyo, Japan, to expand th e a c t iv it ie s o f BOT S e c u ritie s , In c ., New Y ork, New York, to now in c lu d e c e rta in brokerage and advisory s e rv ic e s . Fed. Reg.: Not y e t p u b lish e d S e ctio n IV - A p p lic a tio n s Not Sub.iect to Federal R e g iste r N otice or Newspaper N otice None * Subject to CRA.
@FedFRASER