The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.?, 1983 No. 37)
Actions of the Board; A p p l i c a t i o n s and Reports
Received During the Week Ending September 17, 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Statement by Chairman Paul A. Volcker before the
Senate Banking Committee t o review a wide range
of issues a f f e c t i n g the e v o l u t i o n of banks, banki n g , and the f i n a n c i a l services i n d u s t r y .
Regulation J , c o l l e c t i o n of checks and other items
and w i r e t r a n s f e r of funds; midweek closings and
nonstandard h o l i d a y s ; the Board requested comment
by October 14, 1983. (Docket No. R-0481)
Roberts, Steven M., appointed Assistant t o Chairman
Volcker e f f e c t i v e on September 30; he succeeds Neal
M. Soss who i s r e t u r n i n g t o the Federal Reserve Bank
of New York,
E t t i n , Edward C . , t r a n s f e r t o the p o s i t i o n of Deputy
D i r e c t o r , D i v i s i o n of Research and S t a t i s t i c s from
the p o s i t i o n of Deputy S t a f f D i r e c t o r , O f f i c e of
S t a f f D i r e c t o r f o r Monetary and Financial P o l i c y .
P r e l l , Michael J . , D i v i s i o n of Research and S t a t i s t i c s ,
promotion t o Deputy D i r e c t o r .
Kohn, Donald L . , promotion t o Deputy S t a f f D i r e c t o r f o r
Monetary and Financial Policy from Associate Director
i n the D i v i s i o n of Research and S t a t i s t i c s .
New York
2/
United Counties Bancorporation, Cranford, New Jersey,
extension of time t o October 15, 1983, w i t h i n which
t o become a bank holding company through the
a c q u i s i t i o n of United Counties Trust Company,
E l i z a b e t h , New Jersey, V
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.P, 1^83 No. 37
OF THE BOARD-Continued
Y(: rr
Bank of New York, New York, New York, (1) extension of time to September 15, 1984, w i t h i n which
t o e s t a b l i s h a branch o f f i c e on the north side of
Montauk Highway, S a y v i l l e Shopping Center, Town
of I s l i p , Nf;w York, and (2) extension of time t o
September 25, 1984, w i t h i n which to e s t a b l i s h a
b?anch in the immediate v i c i n i t y of U.S. Route 20
ana R3;p Poad, Town o f Guilder!and, New York. 1/
t i ^ s t National London Bancshares Corp., London,
Kentucky, extension of time t o December 24, 1983,
w i t h i n which t o acquire F i r s t National Bank i n
London, london, Kentucky. 1/
Concord National I n c . , Concord, North C a r o l i n a , extension of time to October 12, 1983, w i t h i n which
to become a Dank holding company through the
a c q u i s i t i o n of The Concord National Bank, Concord,
North C a r o l i n a . 1/
Raleigh Bankshares, I n c . , Beckley, West V i r g i n i a ,
extension of time to January 1, 1984, w i t h i n which
to become a bank holding company through the
a c q u i s i t i o n of Bank o f Raleigh, Beckley, West
Virginia. ] /
kichmond
Peoples Bank o f D a n v i l l e , D a n v i l l e , V i r g i n i a , an
investment i n bank premises. V
PicMfond
V i r g i n i a National Bank, N o r f o l k , V i r g i n i a , proposed
merger w i t h f i r s t § Merchants National Bank,
Richmond, V i r g i n i a ; report t o the Comptroller of
the Currency on competitive f a c t o r s . \ j
Atlanta
Southern National Banks, I n c . , Fort Walton Beach,
F l o r i d a , extension o f time t o December 13, 1983,
w i t h i n which t o become a bank holding company
through the a c q u i s i t i o n o f F i r s t National Bank
o f Okaloosa County, Fort Walton Beach, F l o r i d a . 2 /
Atlanta
Gulfcoast Bancshares, I n c . , West Palmetto, F l o r i d a ,
extension of time to December 11, 1983, w i t h i n
which t o become a bank holding company through
a c q u i s i t i o n of the County Bank, Palmetto, F l o r i d a . 1/
T7
AppIication processed on behalf of the Board of Governors under
delegated authority.
^
2/
- 3 ^
-
^
BOARD-Continued
Continental Pank - Hampton, Milwaukee, Wisconsin,
proposal t o merge w i t h Continental Pank MidA r e r l c a , Milwaukee, Wisconsin, under the charter
of Continental Bank - Hampton and t i t l e of
Continental Hank and Trust Company; report t o
the Federal Deposit Insurance Corporation on
competitive f a c t o r s . 2 /
i r :t at c
w
Mtfcr
Pank of Kama, Maroa, I l l i n o i s , proposal t o merge
w i t h Second State Bank o f Maroa, Maroa, I l l i n o i s ,
wn*if»r the charter of Second State Pank of Maroa
anc t
of Pank of Maroa; report t o the Federal
I * * *rance Corporation on competitive
f a c t o r s , 1/
Mechan*r^urg C i t i z e n s Bank, Mechanicsburg, I l l i n o i s ,
proposal t o merge w i t h MCB Bank, Mechanicsburg,
H l # n u * s , under the c h a r t e r of MCP Bank and t i t l e
of Kechan;csnurg C i t i z e n s Bank; report to the
Federal Deposit Insurance Corporation on competitive
factors. 2/
Mattoon Bank. Mattoon, I l l i n o i s , proposal t o merge
w i t h PepubHc Bank o f Mattoon, Mattoon, I l l i n o i s ,
under the charter o f Republic Bank of Mattoon and
t i t l e o f Mattoon Bank; report t o the Federal Deposit
Insurance Corporation on competitive f a c t o r s . 2 /
PSwr f.rovA Kank, R o l l i n g Meadows, I l l i n o i s , proposal
t o *erge w i t h PGR State Bank, R o l l i n g Meadows,
I l l i n o i s , under the c h a r t e r and t i t l e of PGB Bank;
report t r the Federal Deposit Insurance Corporation
on e w j e H t i v e f a c t o r s . 2 /
?
a;r
K
IT
; P f c o r p , i n c . , B e l o i t , Wisconsin, extension
of n r y t r October 15, 19#3, w i t h i n which to become
a han*. m I c i r g company through the a c q u i s i t i o n of
K t ^orcent of tne v o t i n g shares of the successor by
f ^ e r w r t r Ihe F i r s t National Bank and Trust Company
of ; e M x * ^ e l o i t , Wisconsin. 2 /
t f M r f * Pancorp, I n c . , Pi f f o r d , I l l i n o i s , extension of
to
ember IQ. I9P3, w i t h i n which t o become a bank
i*me holding company through the a c q u i s i t i o n of 80
t e r r e n t nr more of the v o t i n g shares of G i f f o r d State
Bank, ( i f f o r d , I l l i n o i s . 1/
i f ^ f too processes on hehalf of the Board of Governors under
^elegatMt a u t h o r i t y .
37
-a
-
OF THE BOARP^Continued
^ ; r y M n o Mancshare<, I n c . , M a r s h f i e l d , Wisconsin,
f , t e n s i o n c f time to December 2A, 1983, w i t h i n
to t'tiome a hank holding company through
+
a c q u i s i t i o n of 150 percent of "he v o l i n g
shares of the successor by merger :o Citizens
\
"inK ano Tru<T, MarshMei \ k i <cun$:n.
.
^ ^
a** * ."** nf La^UH, Ladue, M i s s o u r i . an i n v e s t o r : in Dank premises.
Par$ , B a t e s v i l l e , Arkansas, an investment
i* ^ark L r t r r i s e s .
'
'j
City
17
r . d Par& f ^rust ^ w i w n y of Norman, Norman,
a^ investrenf in hank premises. 1/
^;en f%^^anye Bank and Trust Co., Minden, Nebraska,
t n acquire the assets and l i a b i l i t i e s
* Upland Co-Operative Credit A s s o c i a t i o n , Upland,
\e* r a s k j , and to operate under the charter and
t ^ U e of Minden Exchange Rank and Trust Co.,
* i n d e n , Nebraska; report t o the Federal Deposit
Insurance Corporation on competitive f a c t o r s . ] /
rmited Ba^ks of Colorado, I n c . , Denver, Colorado,
extension o f time to January 1 , 1984, w i t h i n
which to acquire United Bank of Fort C o l l i n s South, N.A., Fort C o l l i n s , Colorado, a proposed
new bank, 1/
application processed on behalf of the Board of Governors under
delegated authority.
##
H.p, 1983 No. 37
- 5 ACTIONS OF THE BOARD-Continued
To E s t a b l i s h a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
New York
Approved
Central Trust Company, Rochester, New York. To
e s t a b l i s h ten o f f s i t e e l e c t r o n i c f a c i l i t i e s at
the f o l l o w i n g l o c a t i o n s :
1.
2.
3.
4.
5.
6.
7.
P.
9.
10.
2655 East Henrietta Road, H e n r i e t t a , New
York. J[/
710 Lake Avenue, Rochester, New York. 2 /
1960 Ridge Road West, Greece, New York. 2 /
100 V i l l a g e Landing M a l l , P eri nton, New
York. 2 /
Winton & Blossom Roads, Rochester, New York. 2/
734 South Panorama T r a i l , P e n f i e l d , New York 1/
2348 B u f f a l o Road, Gates, New York. 2 /
Pyramid M a l l , Routes 5 & 20, Geneva, New
York. 2 /
1455 East Ridge Road, I r o n d e q u o i t , New York. 1/
Route 36 & A i r p o r t , D a n s v i l i e , New York. 2 /
Cleveland
The D o l l a r Savings and Trust Company, Youngstown,
Ohio. To e s t a b l i s h a d r i v e - u p f a c i l i t y and
Customer Pank Communications Terminal branch at
66 West L i b e r t y S t r e e t , Trumbull County, Hubbard,
Ohio. 1/
Atlanta
F i r s t Independence Bank, Fort Myers, F l o r i d a . To
e s t a b l i s h an automotad t e l l e r machine at 2121
San Carlos B l v d . , Fort Myers, F l o r i d a . 2 /
S t . Louis
Landmark Bank of Ladue, Ladue, M i s s o u r i . To move
main banking house of the bank from 8866 Ladue Road,
in the C i t y of Ladue, M i s s o u r i , t o 10 South Brentwood B l v d . , i n the C i t y of Clayton, M i s s o u r i , and
t h e r e a f t e r operate the current bank premises as a
f a c i l i t y (branch) of the bank. 2 /
S t . Louis
C i t i z e n s Bank, B a t e s v i l l e , Arkansas. To e s t a b l i s h
a branch at the i n t e r s e c t i o n of Highway 25 and U.S.
Highway 167 (2 miles south of B a t e s v i l l e ) .
2/
2/
A p p l i c a t i o n processed on behalf o f the Board of Governors under
delegated a u t h o r i t y .
H.?, 1983 No. 37
6
-
ACTIONS OF THE BOARD-Continued
San
Franci sen
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles,
C a l i f o r n i a . To e s t a b l i s h a branch o f f i c e to be
located at 3440 Walnut Avenue, City of Fremont,
Alameda County, C a l i f o r n i a . 1/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Chicago
Approved
PBS State Bank!, Port Byron, I l l i n o i s . ] /
Oal1fs
Rank o f Commerce-Fossil Creek, Fort Worth, Texas. 1/
*
*
*
*
*
To Merge Pursuant t o Section 18(c) of the
Federal Deposit Insurance Act
Chicago
Approved
PBS State Bank, Port Byron, I l l i n o i s , t o merge with
Port Byron State Bank, Port Byron, I l l i n o i s . 1/
*
*
*
*
*
Issued Intent Not t o Disapprove Change of Control
Pursuant t o Change i n Bank Control Act of 1978
Kansas City
Not Disapproved
Pioneer Bancshares, I n c . , Pone a C i t y , Oklahoma. _]_/
Kansas C i t y
P h i l ! i p s c o , I n c . , Holyoke, Colorado. 1/
T7
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.?, 19A3 N r . 37
-7
-
ACTIONS OF THE ROARD-Continued
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l Invest=p*ents and Other Actions Pursuant t o Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) , 4 ( c ) ( 1 3 )
and 4 ( c ) ( 1 4 ) of the Bank Holding Company Act of 1956,
as amended
New York
Chicago
Approved
Ramapo F i n a n c i a l C o r p o r a t i o n , Wayne, New J e r s e y ; U l t r a
Bancorporation, Bridgewater, New Jersey; and New
Jersey National C o r p o r a t i o n , Trenton, New Jersey:
grants consent t o e s t a b l i s h a de novo j o i n t venture
export t r a d i n g company t o be known as Bancers' I n t e r n a t i o n a l Trading Company.
Continental I l l i n o i s C o r p o r a t i o n , Chicago, I l l i n o i s :
grants consent t o increase i t s investment i n i t s
s u b s i d i a r y , Continental I l l i n o i s Overseas Finance
Corporation N . V . , Curacao, Netherlands A n t i l l e s .
To Form a Bank Holding Company Pursuant t o Section
7 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
-' R.rnr
^ or<
Atlanta
Approved
F i n a n c i a l Management Bancshares o f West V i r g i n i a ,
I n c . , Horgantown, West V i r g i n i a , f o r approval t o
a c q u i r e 100 percent o f the v o t i n g shares of the
successor by merger t o Farmers' and Merchants'
Bank, Morgantown, West V i r g i n i a and F & M Bank
o f Suncrest, Morgantown, West V i r g i n i a , a proposed
new bank. 1/
One Bancorp o f West V i r g i n i a , I n c . , Huntington, West
V i r g i n i a , f o r approval t o acquire 100 percent of
the v o t i n g shares o f the successor by merger t o
The F i r s t Huntington National Bank, Huntington,
West V i r g i n i a . 1/
F l o r i d a County Banks, I n c . , Trenton, F l o r i d a , f o r
approval t o a c q u i r e 100 percent of the v o t i n g
shares of The Farmers and Merchants Bank of Trenton,
Trenton, F l o r i d a . 1/
a p p l i c a t i o n processed on b e h a l f o f the Board of Governors under
delegated a u t h o r i t y .
.
P .
np THE BOAPD-Continued
Financial Corporation, Toronto, O n t a r i o ,
Canada, f o r approval t o acquire i n excess of
twenty f i v e percent of the v o t i n g shares of Royal
Trustee L i m i t e d , Toronto, O n t a r i o , Canada.
(hiifcc
Aurcra F i r s t National Bancorp, Aurora, Indiana,
?or approval t o acquire 100 percent of the voting
shares of the successor by merger to The F i r s t
f.^Mnral Fank M Aurora, Aurora, Indiana, 1/
rMffqn
^a(*e County Bancorp, I n c . , Chicago, I l l i n o i s ,
for approval to acquire 51.67 percent of the
v t t m c shares of F i r s t Security Bank of Glendale
CIendale Heights, I l l i n o i s . ] /
f'fsf
Pyron Pancorp,
f^r
t o acquire
c + f m s uf thp successor
rarK, :ur* Pyrcr,
I n c . , Port Byron, I l l i n o i s ,
100 percent of the voting
by merger t o Port Byron
Illinois. 2/
-mng P^rcsnarps, I n c . . (ienoa, I l l i n o i s , f o r api r r v a ! To acauirA 100 percent of the voting
t h a r r t cf the successor hy merger to Genoa
S i a t r P a ^ i . Cenna, I l l i n o i s . 1/
-<1a ^ancshares, Ir<
l o l a , Wisconsin, for approval to ,%(\uire ^5.4 percent of the voting
shares of H r s t State- Pank of l o l a , l o l a ,
Wisconsin.
'?. ;'
Mercantile Pancorp, I n c . , Ouincy, I l l i n o i s , for
approval t o acquire 100 percent of the v o t i n g
shares of the successor by merger to Mercantile
Trust .< Savings Bank, Ouincy, I l l i n o i s . 2 /
Mnr-eapotis
Fagle Pank Holding Corp.,
for approval t o acquire
r f *he v o t i n g shares of
Facie Peno, Eagle Bend,
MMfeapoNs
Freehnrn Pancorporation, I n c . , Freeborn, Minnesota,
for approval t o acquire 100 percent of the voting
shares o f F i r s t State Bank of Freeborn, Freeborn,
Minnesota. 1/
1
C l a r i s s a , Minnesota,
at l e a s t 91.25 percent
C i t i z e n s State Bank of
Minnesota. ] /
l&ppHcation processed on behalf o f the Board of Governors under
delegated a u t h o r i t y .
+<.?, 3QK? %0.
f
TMt
t a r i f f City
+
- 9 -
Bank of New Mexico Ho Winy Company,
Albuquerque. Kew Mexico, f o r approval t o
acquire at least #u percent of the v o t i n g
scares of The Bank of Albuquerque,
a ^ c w e r q u e , Ne^ Mexico.
Taney Valley Bancshares, I n c . , Caney, Kansas,
f o r approval t o acquire at l e a s t 95 percent
t f the v o t i n g shares of Taney Valley National
a n t . C^n$*y, Kansas. */
r a r f i lake Bancorp, Incorporated* Grove, Oklahoma,
f o r approval t o acquire 100 percent of the voting
shares of 100 percent o f the v o t i n g shares
of (,ran# Lake Bank, Grove, Oklahoma.
fa
Hty
Helena Bancshares, I n c . , Helena, Oklahoma, for
approval t o acquire at l e a s t AO percent of the
v o t i n g shares of The Helena National Bank,
Helena. (tlahoma. 2 /
City
leedey Bancorporation, I n c . , Leedey, Oklahoma,
f o r approval t o acquire 52.31 percent o f the
v o t i n g shares of The F i r s t National Bank of
leedey, Leedey, Oklahoma. J /
Pallas
ENtEX Bancshares, I n c , , Enloe, Texas, f o r approval t o acquire 100 percent of the voting
shares of The Enloe State Bank i n Enloe,
Enloe, Texas. 2 /
Dallas
Washington County Bancshares, I n c . , Brenham, Texas,
for approval to acquire at least 80 percent of
the v o t i n g shares of Washington County State
Bank, Brenham, Texas. 2 /
San
Frareisee
silicon Valley Bancshares, San Jose, C a l i f o r n i a ,
for approval to acquire 100 percent of the
v o t i n g shares of S i l i c o n Valley Bank, San Jose,
C a l i f o r n i a , a proposed new bank. 2 /
Dallas
2/
*
Denied
*ur Bancshares, I n c . , Spur, Texas, f o r approval
to acquire at least B0 percent of the v o t i n g
shares of Banco Bancshares, I n c . , Spur, Texas
and indirectly Spur Security Bank, Spur, Texas.
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
- 10ACTIONS OF THE BOARD-Continued
To Expand a Bank Holding Company Pursuant t o Section
3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956
("osi,T
Approved
F i r s t Connecticut Bancorp, I n c . , H a r t f o r d , Connecticut,
f o r approval t o acquire 100 percent of the voting
shares of The Independent Bank and Trust Company,
WHHamantic, Connecticut. 2 /
(Hcr%-
Van Buren Bancorporatioh, Keosauqua, Iowa, for approval to acquire at l e a s t 86.A percent or more
of the v o t i n g shares of State Savings Bank,
C a n t r i l , Iowa.
Kinre?;His
Jorgenson Insurance Agency, I n c . , Kenmare, North
Dakota, f o r approval t o acquire an a d d i t i o n a l
61.5 percent of the voting shares of State Bank
of Kenmare, Kenmare, North Dakota. j_/
Pal las
Commerce Financial Corporation, Fort Worth, Texas,
f o r approval to acquire 100 percent of the v o t i n g
shares of Bank of Commerce-Fossil Creek, Fort
Worth, Texas, a proposed new bank. ]_/
Dallas
Gulf Southwest Bancorp, I n c . , Houston, Texas, for
approval to acquire 100 percent of the voting
shares of Dickinson State Bank, Dickinson,
Texas. ] /
Dallas
Unicorp Pancshares, I n c . , Houston, Texas, f o r approval t o acquire 100 percent of the voting shares
of Unitedbank-Northwest, Houston, Texas, a proposed new bank.
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o Section
4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
Boston
V
Approved
Fleet Financial Group, I n c . , Providence, Rhode
I s l a n d , f o r approval t o acquire c e r t a i n assets of
Credico F i n a n c i a l , I n c . , I s e l i n , New Jersey; and
100 percent of the outstanding stock of Colonial
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
J.?, 1QP3 No. 37
- 11 ACTIONS CF THE ROARH-Continued
American L i f e Insurance Company, M e t a i r i e ,
Louisiana and Credico Mortgage Corp., Altamonte
Springs, F l o r i d a , through a new subsidiary of
A p p l i c a n t ' s e x i s t i n g s u b s i d i a r y , Fleet Financial
Corporation, J_/
New York
European American Bancorp, New York, New York,
f o r approval to engage de novo, through i t s
wholly owned s u b s i d i a r y , Dorman & Wilson, I n c . ,
White P l a i n s , New York, i n the a c t i v i t y of
arranging equity f i n a n c i n g .
Richmond
South Carol ina National Corporation, Columbia,
South C a r o l i n a , f o r approval t o acquire the
James Island branch of Berkley Loans, I n c . ,
Charleston, South C a r o l i n a , a company t h a t
would engage i n making, a c q u i r i n g and s e r v i c i n g
consumer loans and o f f e r i n g l i f e , accident and
health and property insurance d i r e c t l y r e l a t e d
t o such loans. V
Atlanta
F i r s t Atlanta Corporation, A t l a n t a , Georgia, f o r
approval t o engage de novo, through i t s subs i d i a r y , F i r s t Atlanta Mortgage Corporation,
A t l a n t a , Georgia, i n t h e a c t i v i t y of arranging
equity f i n a n c i n g for income producing real
property.
Chicago
Walter E. Heller I n t e r n a t i o n a l Corporation,
Chicago, I l l i n o i s , f o r approval to engage de
novo, through i t s e x i s t i n g s u b s i d i a r y , Abacus
Real Estate Finance Company, Chicago, I l l i n o i s ,
i n the a c t i v i t y of arranging equity financing
t o r commercial and i n d u s t r i a l income producing
real estate i n v e s t o r s .
Minneapolis
Norwest Corporation, Minneapolis, Minnesota, for
approval t o acquire c e r t a i n consumer finance
r e c e i v a b l e s , leasehold i n t e r e s t s in consumer
finance o f f i c e l o c a t i o n s , and f u r n i t u r e and
f i x t u r e s from USLIFE Credit Corporation,
Schaumburg, I l l i n o i s , through Norwest Financial
Services, I n c . , Des Moines, Iowa.
]_/
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.P, 1983 No. 37
- INACTIONS OF THE BOARH-Continued
New York
Permitted
Barclays Bank PLC and Barclays Bank I n t e r n a t i o n a l
L i m i t e d , both of London, England, request permission
to r e l o c a t e an e x i s t i n g o f f i c e engaging in the
f o l l o w i n g a c t i v i t i e s (making d i r e c t consumer loans,
i n c l u d i n g loans secured hy real e s t a t e , and purchasing
sales finance c o n t r a c t s representing extensions of
c r e d i t such as would be made or acquired by a consumer finance company, and wholesale financing
[ f l o o r p l a n n i n g ! and a c t i n g as agent for the sale
of r e l a t e d c r e d i t l i f e , c r e d i t accident and health
and c r e d i t property insurance; c r e d i t l i f e and
c r e d i t accident and health insurance sold as
agent may be underwritten or reinsured by the
insurance underwriting s u b s i d i a r i e s of BarclaysAmericanCorporation) from 919 M i t c h e l l Boulevard,
Florence, Alabama t o 2811 West Mall Road, Florence,
Alabama, through t h e i r s u b s i d i a r y , BarclaysAmerican/
F i n a n c i a l , I n c . (9/16/83) 3/
New York
Barclays Bank PLC and Barclays Bank I n t e r n a t i o n a l
L i m i t e d , both of London, England, request permission
t o r e l o c a t e an e x i s t i n g o f f i c e engaging in the
f o l l o w i n g a c t i v i t i e s (lease financing of personal
property by means of leases t h a t meet the standards
of Section 225.4(a)(6) of Regulation Y) from 1020
South S p r i n g f i e l d Avenue, Mountainside, New Jersey
t o 90 Mil burn Avenue, Mil burn, New Jersey, through
t h e i r s u b s i d i a r y , BarclaysAmerican/Leasing, I n c .
(9/11/83) 3/
New York
Barclays Bank PLC and Barclays Bank I n t e r n a t i o n a l
L i m i t e d , both of London, England, request permission
tc relocate an e x i s t i n g o f f i c e engaging in the
fr11 owing a c t i v i t i e s (the operation of a consumer
finance business and the sale as agent of related
c r e d i t l i f e , c r e d i t accident and health and c r e d i t
property insurance, i n c l u d i n g (A) d i r e c t installment
loans to i n d i v i d u a l s and the purchase of r e t a i l
i n s t a l l m e n t notes [sales f i n a n c e ] , such as loans
made to i n d i v i d u a l s f o r personal, f a m i l y or household
purposes, i n c l u d i n g loans secured by real e s t a t e ,
the purchase on a discounted basis of contract and
r e l a t e d s e c u r i t y agreements a r i s i n g p r i n c i p a l l y
3/
~~
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of
the Board of Governors under delegated a u t h o r i t y .
f
.
37
-13ATJjj
^F T^F POAPn-Continued
frc#" the sale by dealers of t i t l e d goods [ i n c l u d i n g
automobiles* mobile homes, t r a v e l t r a i l e r s and campers,
ano boat and marine equipment] and household goods
f i n c l u d i n g f u r n i t u r e , t e l e v i s i o n sets and appliances]
and r e l a t e d wholesale financing c o n s i s t i n g of f i nancing d e a l e r s ' i n v e n t o r i e s of automobiles,
mobile homes and other c h a t t e l s , and (B) at the
e l e c t i o n of the borrowers from [ t h e ] respective
consumer finance s u b s i d i a r i e s , sale of c r e d i t r e l a t e d insurance, i n c l u d i n g decreasing term
c r e d i t l i f e insurance, c r e d i t accident and health
insurance, and c r e d i t property insurance designed
f n protect the borrower's personal property [ e . g . ,
household goods] which serves as c o l l a t e r a l f o r
leans from Fthe"! s u b s i d i a r i e s ; c r e d i t l i f e and
c r e d i t accident and health insurance so sold may
be u n d e r w r i t t e n or reinsured by insurance underw r i f in<. s u b s i d i a r i e s ) from 212 East Jefferson
S t r e e t , Monroe, North Carolina t o 2204 West
Roosevelt P l v d . , Monroe, North C a r o l i n a , through
t ^ e i r s u b s i d i a r i e s , ParclaysAmerican/Financial,
i n c . . ParclaysAmerican/Mortgage, Inc. and Barclaysamericar Financial Services, I n c . (9/11/83)
hrk
f ^ m r i c a l Kew York Corporation, New York, New York,
recues*s permission t o relocate an o f f i c e engaging
1r ?hp r r l i^wirt, a c t i v i t i e s (making d i r e c t loans,
; ur:h<*sing i n s t a l l m e n t sales finance c o n t r a c t s ,
and a c t i n g as agent or broker f o r the sale of
c r e d i t l i f e , accident and h e a l t h , and c r e d i t
property and casualty insurance, a l l d i r e c t l y
r e l a t e d to such extensions of c r e d i t ) from 2000
Clearview Avenue, A t l a n t a , Georgia, t o 2302
Park 1 a*ce D r i v e , N.E., A t l a n t a , Georgia, through
i t s subsidiary, Sunamerica Financial Corporation
(Q/16/83) 3/
F i r s t National State Bancorporation, Newark, New
Jersey, f o r approval t o e s t a b l i s h a de novo
s u b s i d i a r y , F i r s t National State Brokerage
Services, I n c . , Newark, New Jersey and engage
i n r e t a i l s e c u r i t i e s brokerage a c t i v i t i e s
(9/1P/P31 3/
T/
4TclT?T n o t i f i c a t i o n processed by Reserve Bank on behalf of
the Poard of Governors under delegated a u t h o r i t y .
cOAPP.Continued
< i<*r ~
f **
^
frnr.,"
rta
SffTTpl
IN*
F i r s * ( M r - ancshares, I n c . , Toledo, Ohio, n o t i f i c a t i o n
sf
% to engage i n de novo a c t i v i t i e s ( i n providing
t w t u l i t invmstrnenf advice t o i n d i v i d u a l , i n s t i t u t i o n a l
and Lfiar&iable c l i e n t s ) these a c t i v i t i e s would be
i n m r n c t w p r i m a r i l y i n the s t a t e of Ohio, through i t s
t u h s i m a r y , f i r s t Ohio Investment Services, I n c .
d / I V N : 3/
*4", i<«n f ^ : ; o r a I Corporation, P i t t s b u r g h , Pennsylvania,
n o m i t a t ion of i n t e n t t o engage i n de novo a c t i v i t i e s
; r o v i d i n i , real e s t a t e ano p o r t f o l i o investment advice,
t i c h.dif%; * i ) serving as the advisory company for
4 r engage or a real e s t a t e investment t r u s t ;
k,.ryt*x as investment a d v i s e r , as defined in
of the Investment Company Act of
investment con^pany r e g i s t e r e d under that
' %
!:
f u r n i s h i n g general economic information
ccneral economic s t a t i s t i c a l forecasting
y
industry s t u d i e s ; and ( i v ) providing
f m a r e i f f advice t o State and l o c a l governments,
s t t ^ as w i t h respect t o the issuance of t h e i r
<ecurit ?es and w i t h respect t o real estate p o r t f o l i o
j f i v i c ^ * at 5^5 Market S t r e e t , San Francisco,
i r H f o r r i d . through i t s s u b s i d i a r y , Mellon Financial
C e r t o r a f i o n #6 (9/11/83)
^'d^ison L i m i t e d , Washington, H. C . , n o t i f i c a t i o n
^ntert t n relocate an o f f i c e engaging in the
r ^ o t i n y a c t i v i t i e s ( t o continue to engage i n
f f i r mortgage banking services) from 4700 Auth
^ l a c e , S u i t l a n d , Maryland t o 1751 Flton Road, S i l v e r
^ a r y l a n o , through i t s s u b s i d i a r y , A. E.
l a n d v m y h i , Inc. (9/16/83) 3/
n;cr Trust Pancorp, Baltimore, Maryland, n o t i f i c a t i o n
ct i n t e n t to engage i n de novo a c t i v i t i e s (commercial
lending and p r o v i d i n g services i n c i d e n t a l t o such
loans) at Baltimore and Charles S t r e e t s , Baltimore,
Maryland ( 9 / 1 4 / 8 3 ) 3 /
f i r s t Railroad & Banking Company of Georgia, Augusta,
( B o r g i a , n o t i f i c a t i o n of i n t e n t t o engage i n de novo
a c t i v i t i e s (making consumer installment loans
secured by n o t e , household goods and f i r s t or
second mortgages on real estate up t o $15,000;
processed by Reserve Pank on behalf of
uf (tovernors under delegated a u t h o r i t y .
39K3 No. ^7
-15AC1I0NS or THE BOARD-Continued
purchasing i n s t a l l m e n t sales contracts up t o $3,500;
underwriting c r e d i t l i f e and accident and health
i n s u r a n t e ; and to s e l l as agent, property insurance
in connection w i t h i t s loans and i n s t a l l m e n t sales
cnnfrac?s) such a c t i v i t i e s w i l l be conducted at a
l o c a t i o n t o be selected i n B r i s t o l , Tennessee, covering
a service area encompassing S u l l i v a n County, through
i t s s u b s i d i a r y , CMC Group, I n c . (9/16/83) 3/
c
Indiana National Corporation, I n d i a n a p o l i s , Indiana,
n o t i f i c a t i o n o f i n t e n t t o engage in de novo a c t i v i t i e s
vin mortgage lending and s e r v i c i n g , real property
N v s i m , real estate a p p r a i s i n g , management consulting
c r e d i t insurance a c t i v i t i e s ) the geographic scope
include the States of Indiana, Ohio and Kentucky,
(uyh i t s s u b s i d i a r y , Indiana Mortgage Corporation
f"hpT! Pock Pancorporation, Shell Pock, Iowa, n o t i f i c a t i o n
i n t e n t to engage in de novo a c t i v i t i e s ( i n the sale
r-* general insurance i n a community with a population
net exceeding 5,000) the geographic area to be served
w i l l be the c i t y of Shell Rock, Iowa, and the surrounding
r u r a l area, extending approximately 20 miles (9/16/83) 3/
;
v
San
Francisco
37
Galena Bancshares, I n c . , Galena, Kansas, n o t i f i c a t i o n
of i n t e n t t o engage i n de novo a c t i v i t i e s ( i n the
sale of general insurance i n a town with a populat i o n not exceeding 5,000) these a c t i v i t i e s w i l l
be performed in the c i t y of Galena, Kansas and the
surrounding r u r a l area (9/12/83)
Valley National Corporation, Phoenix, Arizona, n o t i f i c a t i o n
of i n t e n t to engage i n de novo a c t i v i t i e s ( f o r permission
t o e s t a b l i s h de novo a consumer fi nance, sales finance,
leasing finance and commercial finance company i n Denver,
Colorado; applicant states t h a t the proposed subsidiary
would engage i n the a c t i v i t i e s of consumer and dealer
f i n a n c i n g , the leasing of personal property and o f f e r i n g
c r e d i t l i f e and d i s a b i l i t y insurance as agent or broker)
these a c t i v i t i e s would be performed from o f f i c e s of a p p l i c a n t ' s subsidiary i n Denver, Colorado, and the geographic
area to be served i s the State of Colorado, through i t s
s u b s i d i a r y , Valley National Financial Services Company of
Colorado (9/13/83) 3/
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, ]9A3 No. 37
- 16 APPLICATIONS RECEIVED
To Become a Member of the Federal Reserve System
Pursuant t o Section 9 of the Federal Reserve Act
San
Francisco
Cuyamaca Bank, Santee, C a l i f o r n i a . J?/
Dallas
E l l i n g t o n Bank o f Commerce, Houston, Texas. 2/
*
*
*
*
*
To E s t a b l i s h a Domestic Branch Pursuant
t o Section 9 of the Federal Reserve Act
S t . Louis
C i t i z e n s Bank, B a t e s v i l l e , Arkansas. To e s t a b l i s h a
branch at the i n t e r s e c t i o n of Highway 25 and U. S.
Highway 167 (2 miles south of B a t e s v i l l e ) . 2/
Richmond
Central F i d e l i t y Bank, N o r f o l k , V i r g i n i a .
To e s t a b l i s h
a branch at Suite 100, World Trade Center, N o r f o l k ,
Virginia. jY
*
*
*
*
*
To Merge Pursuant t o Section 18(c) of the
Federal Deposit Insurance Act
Philadelphia
The Farmers Trust Company of Lebanon, Lebanon, Pennsylvania,
t o merge w i t h Farmers Interim Bank, Lancaster, Pennsylvania. 2/
Atlanta
The Peoples Bank and Trust Company, Selma, Alabama, t o
merge w i t h The G r e e n v i l l e Bank, G r e e n v i l l e , Alabama. 2/
*
2/
~
*
*
*
*
A p p l i c a t i o n subject t o Community Reinvestment A c t . The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted
as to the length of the comment p e r i o d .
K ? , 1 ^ : \ o . 37
- 17 APPHCATIONS RFCEIVFO - Continued
" ; * l i c a f i o e s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l
Investments and Other Actions Pursuant t o Sections 25 and 25(a)
o1 t
^ c o r r a l r>rserve Act and Sections 4 ( c ) ( 9 ) , 4 (c) (13) and 4(c) (14)
t f The Hank fx I d i n ^ Company Act of 1956, as amended
New Yorx
Citibank Overseas Investment Corporation, Wilmington,
Delaware : requests consent t o continue t o hole
100 percent of the shares of Assurantiemaatschappij
Financia N.V., Antwerp, Belgium while Finance (1)
expands i t s c r e d i t - r e l a t e d insurance underwriting
a c t i v i t i e s t o include the underwriting of c r e d i t
l i f e , c r e d i t accident ano h e a l t h , and savings comp l e t i o n insurance, without regard t o whether such
i ^ s t r a r c e i s r e l a t e d t o extensions of c r e d i t by,
i r savings plans o f f e r e d by, the C i t i c o r p organization
in the European Economic Community, and (2) continues
to underwrite home loan l i f e insurance and endowment
l i f e insurance r e l a t e d t o the mortgage lending
a c t i v i t i e s of Finance and i t s a f f i l i a t e s in Belgium.
Chn ri.e
Cont i n r n f a l I l l i n o i s National Rank and Trust Company of
c h H j y ) , Chicago, I l l i n o i s :
requests consent to make
an a d d i t i o n a l investment i n Continental I l l i n o i s
Bank (Canada).
*
*
*
*
*
To Form a Bank Holding Company Pursuant to Section
3 ( a ) ( 1 ) of the Hank Holding Company Act of 1956
Philadelphia
P.M.J. Financial Corp., Bordentown, New Jersey, tor
approval t o acquire 100 percent of the voting shares
of The Bank of Kid-Jersey, Bordentown Township,
New Jersey. 2/
Cleveland
F.
Cleveland
NAPANCO, I n c . , Lancaster, Kentucky, f o r approval to
acquire at l e a s t 80 percent of the voting shares
of The National Bank of Lancaster, Lancaster,
Kentucky. 2/
2/
Deposit Corporation, F1emingshurg, Kentucky, f o r
approval t o acquire at least 92 percent of the
voting shares of Farmers-Deposit Bank, F1emingsburg,
Kentucky. 2 /
A p p l i c a t i o n subject t o Community Peinvestment A c t . The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted
as t o the length nf the comment p e r i o d .
:'
- i y -
i i< v<
RFCFIVEn - Continued
B e r l i n Bancshares, I n c . , O h e r l i n , Ohio, f o r approval
t o acquire 100 percent of the v o t i n g shares of The
B e r l i n Savings Bank Company, O b e r l i n , Ohio. JV
Col H e r Hank Corporation, Naples, F l o r i d a , f o r approval
to acquire at l e a s t 80 percent or more of the v o t i n g
shares of C o l l i e r Bank, Naples, F l o r i d a . 2 /
/' ? ; r ' ! d
*
f i r s t of Homestead,
approval to acquire
shares of Ihe F i r s t
Homestead, F l o r i d a .
:
I n c . , Homestead, F l o r i d a , for
at l e a s t 80 percent of the v o t i n g
National Bank of Homestead,
?/
State Bancorporation, I n c . , Kenosha, Wisconsin,
for approval to acquire 80 percent or more of the
vet inc shares of American State Bank, Kenosha, Wisconsin. 2 /
n
Bancorp, I n c . , Chicago, I l l i n o i s , for approval
i n a c w f i m 5 1 . p e r c e n t of the voting shares of F i r s t
' t - i i . r i ? v Par^ of Clendale Heights, Glendale Heights,
X1inois. //
M r s t National Bancorp, I n c . , Monroe, Wisconsin, f o r
approval to acquire 100 percent of the voting shares
J e s s d i r e c t o r s ' q u a l i f y i n g shares) of the successor
r ) e e r i e r to The F i r s t National Hank of Monroe,
t'nnroe, k i s c o n s i n . 2 /
;:anc<hares, I n c . , Maroa, I l l i n o i s , f o r approval
tc ocquirt- h)U percent of the voting shares (less
e r e c t o r s ' q u a l i f y i n g shares) of the successor by
;^rger ro Bank of Maroa, Maroa, I l l i n o i s . 2/
Chicane
^BC Financial Corporation, Greenwood, Indiana, f o r
approval to acquire 100 percent of the v o t i n g shares
Hess d i r e c t o r s ' q u a l i f y i n g shares) of the successor
fiy merger t o The National Bank of Greenwood, Greenwood,
Indiana. 2 /
S t , Louis
St.
\
i
shares of Eastern Arkansas, I n c . , Forrest C i t y ,
/ r k a n s a s , for approval t o acquire at least 80 percent
**T the v o t i n g shares of F i r s t National Bank of
I astern Arxansas, Forrest C i t y , Arkansas. 2 /
CNB Bancshares, I n c . , E v a n s v i l l e , Indiana, for approval
to acquire 1 Of) percent o f the v o t i n g shares of the
successor
merger t o The Citizens National Bank
vf f v a n s v i l l e , E v a n s v i l l e . 2/
^ i l K ft i(f
f f tf Cn$nrun11y Reinvestment A c t . The Community
( M i t e r of the a p p l i c a b l e Reserve Bank may be contacted
* r ?fe length of t c o m m e n t p e r i o d .
^
/*,iit/nrr
i?rtf
of S p r i n g f i e l d , I n c . , S p r i n y f i e l o ,
for approval t o acquire 1(10 percent
v i t m v shares of F i r s t X Peoples Bank,
Kentucky. 2 /
M
,
m . c i v i n - continued
^
^ M r & f x w l Cor; orat i c n , X a j f i e L i , Kent ucky ,
f* r
to acqtn re
percent of the voting
*f«*rr> . ! 'N* M r s t f a t if r a l ^ jnk cf B a y f i e l d ,
+ t
f TuCky. ?/
' '
*
^
\ , f . !"
. * *
?LL.M re af least
rt*s ^f 'Vrrh,in»<
^
*;
, ' **
« f ^
.r . ' :
r t.
; %uirr
^
Arkansas, for
percent of the
Farmer^ Hank, Dumas,
I n c . , ^ l e a c a r t ^epe, N
l ^ . x f i^O p e r c e n t Of
H^asart
r
h
e Ha' \ , Pleasant
^
,
f'Mv
-*
& r,#n. vf ^ r ^ s , M c . * Cklahnra C i t y , Oklahoma,
' r
To acquire dt least 95 percent of the
. '?*'*
of ^roek^nnu National Bank, Oklahoma
^ - y , t 1 ,.r*^a * ?/
^
I n c . , Albuquerque, New Mexico,
tr r
; r r v a l t o acquire at least 99 percent of the
* * ~ s ^ a n s of Southwest National Corporation,
^ ^ v e n , . ; c , New Mexico and i n d i r e c t l y Southwest
7<mn<*l f aoK , Albuquerque, New Mexico.
^
^*y
s , > c . , ( i l l i n y s , Montana, for
^ i r« ., 1 *r ac%.w; re
percent of the voting
**f,
? f r<Terr $
nf r i { ] inc<;, B i l l i n g s ,
roncsnares. I n c . * K a r y s v i l l e , Kansas, for
^ n r i v ^ l fn acquire I0c percent of the voting shares
tfdf'an, p Rank nf ^ c ^ i f * t a no Koester, Narysvi 1! e,
Kan<a<t.
t,
; ; 11ca?"<-r
^ ^ K*r
*h*.
CnrgnraMon, Piano, Texas, f o r approval
f# ,,t h',*sf Kf* percent of the v o t i n g shares
fr«"f&',;f r a t i o n a l Rank of Piano, Piano, Texas. 2/
< f
Compun%»y *>e investment Act. The Community
f'eserv^ Pank
y re contacted
t m rAnt period.
I
. 14R3 No. 37
-?0-
ArPLlCAnory RFCFIVEH - Continued
vi^as
f i r s t T^xas HoMing Company, Winnsboro, Texas, for
approval to acquire at least 80 percent of the voting
shares of Winnshoro Bank and Trust, Winnsboro, Texas. 2/
f
Frontier Bancshares, I n c . , Eagle Pass, Texas, f o r approval
to acquire at least 80 percent of the voting shares of
Frontier State Bank, Eagle Pass, Texas.
TaUas
LfU Corporation, Shreveport, Louisiana, f o r approval to
acquire at least 80 percent of the v o t i n g shares of
Louisiana Bank & Trust Company, Shreveport, Louisiana. 27
Dallas
"ed r e n t e r Pancshares, I n c . , Houston, Texas, for approval
t o acquire 100 percent of the voting shares of Medical
T e r f e r Pant, Houston, Texas. 27
5a"
"rfv
ba^co, I n c . , Tacoma, Washington, for approval to acquire
ino pert,pnt of fhe v o t i n g shares of The Union Bank,
Taenia. Washington. ?/
*
*
*
*
*
To Expand a Bank Homing rnmpany Pursuant t o Section
3 ( ? B a n k
holding Company Act of 1956
^ce^ph^a
f u l t o n F m a r c W Corporation, Lancaster, Pennsylvania,
tor
to acquire 100 percent of the v o t i n g
shares of The Farmers Trust Company of Lebanon,
Lebanon, Pennsylvania. ZV
,cc
F l a t Top Bankshares, I n c . , B l u e f i e l d , West V i r g i n i a ,
f o r approval to acquire up t o 100 percent of the
v o t i n g shares of Peoples Bank of Bluewell, B l u e w e l l ,
West V i r g i n i a . ?/
Richmond
One Valley Bancorp of West V i r g i n i a , Charleston,
West V i r g i n i a , f o r approval t o acquire 100 percent of the v o t i n g shares of The Bank of S t . Albans,
S t . Albans, West V i r g i n i a . 27
Atlanta
SouthTrust Corporation, Birmingham, Alabama, f o r
approval t o acquire at l e a s t 80 percent of the voting
shares of The Leeth National Bank of Cullman, Cullman,
Alabama. 1/
2/
A p p l i c a t i o n subject t o Community Reinvestment A c t . The Community
A f f a i r s O f f i c e r o f the a p p l i c a b l e Reserve Bank may be contacted
as t o the length o f the comment p e r i o d .
H.2, 198? No. 37
-21 -
APPLICATIONS RECEIVED - Continued
Chicago
Firstbank of I l l i n o i s Co., S p r i n g f i e l d , I l l i n o i s ,
f o r approval t o acquire 100 percent of the voting
shares (less d i r e c t o r s 1 q u a l i f y i n g shares) of the
successor by merger t o Land of Lincoln Bank,
Springfield, I l l i n o i s . 2/
Chicago
F & M Financial Services Corporation, Menomonee F a l l s ,
Wisconsin, f o r approval t o acquire 100 percent of
the v o t i n g shares (less d i r e c t o r s ' q u a l i f y i n g shares)
of the successor by merger t o State Bank of S I i n g e r ,
S l i n g e r , Wisconsin. 2J
Chicago
Marine Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , f o r
approval t o acquire 100 percent of the voting shares
( l e s s d i r e c t o r s ' q u a l i f y i n g shares) of the successor
by merger t o American State bank of Rloomington,
I l l i n o i s , Bloomington, I l l i n o i s . 2/
S t . Louis
Southside Bancshares Corp., S t . Louis, M i s s o u r i , for
approval t o acquire at l e a s t 80 percent of the outstanding v o t i n g shares of State Bank of De Soto,
De Soto, M i s s o u r i . 2/
Dallas
East-Tex Bancorp, I n c . , T r i n i t y , Texas, f o r approval
t o acquire at least 80 percent of the v o t i n g shares
of F i r s t National Bank of Cleveland, Cleveland,
Texas, a proposed new bank. 2/
Dallas
Texas Capital Bancshares, I n c . , Houston, Texas, f o r
approval t o acquire at l e a s t 95.7 percent of the
v o t i n g shares of F i r s t National Bank of Katy, Katy,
Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant t o
Section 4 ( c ) ( 8 ) o f the Bank Holding Company Act of 1956
New York
2?
C i t i c o r p , New York, New York, requests permission to
e s t a b l i s h two de novo o f f i c e s , C i t i c o r p Financial
Services Corporation proposes t o engage i n the
f o l l o w i n g a c t i v i t i e s (the making or acquiring of
loans and other extensions of c r e d i t , secured
or unsecured, f o r consumer and other purposes;
A p p l i c a t i o n subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted
as t o the length o f the comment p e r i o d .
H.p,
u l N o . 37
-22APPLICATIONS RECEIVED - Continued
the sale of c r e d i t r e l a t e d l i f e and accident and
h e a l t h insurance by licensed agents or brokers,
as r e q u i r e d ; the issuing o f t h r i f t c e r t i f i c a t e s
and t h r i f t passbook c e r t i f i c a t e s ; the sale at
r e t a i l of money o r d e r s , t r a v e l e r s checks, and
consumer oriented f i n a n c i a l management courses;
the s e r v i c i n g , f o r any person, of loans and
other extensions of c r e d i t ; the making, a c q u i r i n g ,
and s e r v i c i n g , f o r i t s own account and f o r the
account of o t h e r s , of.extensions of c r e d i t to
i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or
n o n - r e s i d e n t i a l real e s t a t e ; and the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y r e l a t e d t o extensions of mortgage l oans);
C i t i c o r p Mortgage Corporation proposes t o engage
in the f o l l o w i n g a c t i v i t i e s (the making or acquiring
of loans and other extensions of c r e d i t , secured
or unsecured, f o r consumer and other purposes; the
sale o f c r e d i t r e l a t e d l i f e and accident and health
insurance by licensed agents or brokers, as required;
the sale o f consumer oriented f i n a n c i a l management courses; the s e r v i c i n g f o r any person, of
loans and other extensions of c r e d i t ; the making,
a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and
f o r the account of o t h e r s , of extensions of c r e d i t
to i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or
n o n - r e s i d e n t i a l real e s t a t e ; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y
r e l a t e d t o extensions of mortgage loans) at 2060
Richmond Road, Lexington, Kentucky and Plainview
V i l l a g e Center, 9944 Linn S t a t i o n Roa.d, L o u i s v i l l e ,
Kentucky, through i t s s u b s i d i a r i e s , C i t i c o r p
Financial Services Corporation and C i t i c o r p Mortgage Corporation (9/14/83)
New York
C i t i c o r p , New York, New York, requests permission t o
expand the service area of an e x i s t i n g o f f i c e and to
r e l o c a t e t h a t o f f i c e engaging in the f o l l o w i n g
a c t i v i t i e s (the making or acquiring of loans and other
extensions of c r e d i t , secured or unsecured, f o r
consumer and other purposes; the extension of loans
t o dealers for the f i n a n c i n g of inventory ( f l o o r
planning) and working c a p i t a l purposes; the purchasing and s e r v i c i n g of c r e d i t r e l a t e d l i f e and a c c i -
p.p,
\0.?7
~?3~
APPLICATIONS RECEIVED-Continued
dent and health insurance by licensed agents or
b r o k e r s , as r e q u i r e d ; the sale of c r e d i t r e l a t e d
property and casualty insurance p r o t e c t i n g real
and personal property subject t o a s e c u r i t y agreement w i t h CAC, and t o the extent permissible under
a p p l i c a b l e State insurance laws and r e g u l a t i o n s ;
the making o f loans t o i n d i v i d u a l s and businesses
secured by a l i e n on mobile homes, modular u n i t s
or r e l a t e d manufactured housing, together w i t h
the real property t o which such housing i s or
w i l l be permanently a f f i x e d * such property being
used as s e c u r i t y f o r the loans; and the s e r v i c i n g ,
f o r any person, of loans and other extensions of
c r e d i t ) from 6100 Channingway B l v d . , Suite 205,
Columbus, Ohio t o 2550 Corporate Exchange D r i v e ,
Columbus, Ohio, the service area f o r the sale
of c r e d i t r e l a t e d property and casualty insurance
w i l l not be expanded, through i t s s u b s i d i a r y ,
C i t i c o r p Acceptance Company, I n c . (9/14/P3)
Hew Vork
C i t i c o r p , New York, New York, requests permission
to e s t a b l i s h two de novo o f f i c e s , C i t i c o r p F i nancial Services Corporation, engaging in the
f o l l o w i n g a c t i v i t i e s (the making or acquiring
o f loans and other extensions o f c r e d i t , secured or
unsecured, f o r consumer and other purposes; the
sale o f c r e d i t r e l a t e d l i f e and accident and
health insurance by licensed agents or brokers,
as r e q u i r e d ; the i s s u i n g of t h r i f t c e r t i f i c a t e s
and t h r i f t passbook c e r t i f i c a t e s ; the sale at
r e t a i l of money o r d e r s , t r a v e l e r s checks, and
consumer o r i e n t e d f i n a n c i a l management courses;
the s e r v i c i n g , f o r any person, o f loans and
other extensions of c r e d i t ; the making, a c q u i r i n g
and s e r v i c i n g , f o r i t s own account and f o r the
account o f o t h e r s , o f extensions of c r e d i t t o
i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or
n o n - r e s i d e n t i a l real e s t a t e ; and the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y r e l a t e d to extensions of mortgage l o a n s ) ;
C i t i c o r p Homeowners, I n c . proposes t o engage i n
the f o l l o w i n g a c t i v i t i e s (the making or acquiring
o f loans and other extensions of c r e d i t , secured
or unsecured, f o r consumer and other purposes; the
_pa_
APPLICATIONS RECEIVED-Continued
sale of c r e d i t related l i f e and accident and
neaith insurance by licensed agents or brokers,
as required; the sale of consumer o r i e n t e d f i nancial management courses; the s e r v i c i n g , f o r
any person, of loans and other extensions of
c r e d i t ; the making, acquiring, and s e r v i c i n g ,
for i t s own account and for the account of o t h e r s ,
of extensions of credit to i n d i v i d u a l s secured by
liens on residential or non-residential real
e s t a t e ; ano the sale of mortgage l i f e and mortgage
d i s a b i l i t y insurance d i r e c t l y r e l a t e d to extensions
f f mortgage loans) at 206? N. G a l l a t i n Road,
Hadison, Tennessee; 28 White Bridge Road, Nashv i l l e # Tennessee; 1213 Park, Place Center, Memphis,
Tennessee and the Plaza at Downtown West, 8078
Kingston Pike, Knoxville, Tennessee, through i t s
subsidiaries, Citicorp Homeowners, I n c . and C i t i c o r p
Financial Services Corporation (9/14/83)
C i t i c o r p , New York, New York, requests permission
t o e s t a b l i s h a de novo o f f i c e engaging in the
f o l l o w i n g a c t i v i t i e s (the making or acquiring
of loans and other extensions of c r e d i t , secured
or unsecured, for consumer and other purposes;
the extension of loans t o dealers f o r the finaneing of inventory ( f l o o r planning) and working
capital purposes; the purchasing and s e r v i c i n g f o r
i t s own account of sales finance c o n t r a c t s ; the
sale for credit related l i f e and accident and
health insurance by licensed agents or brokers,
as required; the making of loans t o i n d i v i d u a l s
and businesses secured by a l i e n on mobile homes,
modular u n i t s or r e l a t e d manufactured housing,
together with the real property to which such
housing is or w i l l be permanently a f f i x e d , such
property being used as security f o r the loans;
and the servicing, for any person, of loans and
other extensions of c r e d i t ) at Two Green Tree
Centre, Suite 321, Marl ton, New Jersey, through
i t s subsidiary, Citicorp Acceptance Company,
Inc. (9/13/83)
H.2, I4fn hu. 37
-
-
APPLICATIONS RECEIVEO-Continued
New York
C i t i c o r p , Mew York, New York, requests permission
to establish de novo offices engaging in the
f o l l o w i n g a c t i v i t i e s (the making or acquiring
of loans and other extensions of c r e d i t , secured
or unsecured, for consumer and other purposes;
the sale of credit related l i f e and accident and
health insurance by licensed agents or brokers,
as required; the sale of consumer oriented f i nancial management courses; the servicing, for
any person, of loans and other extensions of
c r e d i t ; the making, acquiring, and servicing, for
i t s own account and for the account of others,
of extensions of credit to individuals secured
by liens on residential or non-residential real
e s t a t e ; and the sale of mortgage l i f e and mortgage
d i s a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans) at 40 Speen Street,
Framingham, Massachusetts, through i t s subs i d i a r i e s , Citicorp Homeowners, Inc. and Citicorp
Person-to-Person Financial Center, Inc. (9/13/83)
New York
C i t i c o r p , New York, New York, requests permission
to expand the service areas of existing o f f i c e s
engaging in the following a c t i v i t i e s (the making
or a c q u i r i n g of loans and other extensions of
c r e d i t , secured or unsecured, f o r consumer and
other persons; the sale of credit related l i f e
and accident and health insurance by licensed
agents or brokers, as required; the sale of
consumer oriented financial management courses;
the servicing, for any person, of loans and
other extensions o f c r e d i t ; the making, acquiring and servicing, for i t s own account and f o r
the account of others, of extensions of credit to
individuals secured by liens on residential or
non-residential real estate; and the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y related to extensions of mortgage loans)
at 3621 Veterans Memorial Boulevard, Metairie,
Louisiana, through i t s subsidiaries, Citicorp
Person-to-Person Financial Center, I n c . and
Citicorp Homeowers, I n c . (9/13/83)
ee
H.P3, 19X3 No. 37
-26APPLICATIONS RECEIVED-Continued
New York
Manufacturers Hanover Corporation, New York,
New York, requests permission t o e s t a b l i s h
a de novo o f f i c e engaging in the f o l l o w i n g
a c t i v i t i e s (consumer finance i n c l u d i n g , hut
not l i m i t e d t o , the extension of d i r e c t loans,
secured or unsecured, t o consumers and the
purchase of sales finance c o n t r a c t s ; s e r v i c ing such loans and other extensions of c r e d i t ;
and acting as agent or broker f o r the sale of
s i n g l e and j o i n t c r e d i t l i f e insurance and
decreasing or level term ( i n the case of
s i n g l e payment loans) c r e d i t l i f e insurance
d i r e c t l y r e l a t e d t o extensions of c r e d i t made
or acquired by Manufacturers Hanover Financial
Services of Minnesota, I n c . ) at 3600 West 80th
S t r e e t , Bloomington, Minnesota, through i t s
s u b s i d i a r y , Manufacturers Hanover Financial
Services of Minnesota, I n c . (9/14/83)
New York
National Westminster Bank p i c , London, England
and NatWest Holdings I n c . , New York, New York,
request permission t o e s t a b l i s h a de novo o f f i c e
engaging i n the f o l l o w i n g a c t i v i t i e s ( s e r v i c i n g of
the f a c t o r i n g needs of major users of f i n a n c i a l
s e r v i c e s ; the p r i n c i p a l functions of the Los
Angeles o f f i c e w i l l be t o market to p o t e n t i a l
c l i e n t s , perform c r e d i t checking services f o r
both east coast and west coast c l i e n t e l e and
a s s i s t i n the debt c o l l e c t i o n process from
l o c a l customers) in Los Angeles, C a l i f o r n i a ,
through t h e i r s u b s i d i a r y , NatWest Commercial
Services, I n c . (9/13/83)
Philadelphia
FB&T Corporation, Hanover, Pennsylvania, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s
( i n consumer finance a c t i v i t i e s , i n c l u d i n g the
extension o f d i r e c t loans t o consumers, the
discount of r e t a i l and i n s t a l l m e n t notes or
c o n t r a c t s , the extension of d i r e c t loans t o
dealers f o r the f i n a n c i n g of inventory ( f l o o r
p l a n n i n g ) ; and acting as agent f o r the sale of
l i f e , accident and health and physical damage
H.2, 1 ^ 3 N o . 37
-27APPLICATIONS RECEIVED-Continued
insurance d i r e c t l y r e l a t e d t o i t s extensions
of c r e d i t ) at 5 North Hanover S t r e e t , C a r l i s l e ,
Pennsylvania, through i t s s u b s i d i a r y , Hanover
Consumer Discount Company (9/16/83)
Philadelphia
Northeastern Bancorp, I n c . , Scranton, Pennsylvania,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo
a c t i v i t i e s ( i n consumer and secondary mortgage
finance a c t i v i t i e s , i n c l u d i n g the extension of
d i r e c t loans t o consumers, the discount of r e t a i l
and i n s t a l l m e n t notes or c o n t r a c t s , the purchase
of r e c r e a t i o n a l l o t notes and working c a p i t a l
purposes) these a c t i v i t i e s would be conducted
i n the Commonweatlh of Pennsylvania, through i t s
s u b s i d i a r y , Regency Consumer Discount Company,
I n c . (9/14/83)
Cleveland
Mellon National Corporation, P i t t s b u r g h , Pennsylvania,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo
a c t i v i t i e s (permissible data processing a c t i v i t i e s ,
i n c l u d i n g providing t o others data processing and
transmission s e r v i c e s , f a c i l i t i e s , data bases or
access t o such s e r v i c e s , f a c i l i t i e s , or data bases by
any t e c h n o l o g i c a l l y f e a s i b l e means i n accordance
with Section 225.4(a)(8) of Regulation Y) at 20
Wells Avenue, Newton, Massachusetts and 5th F l o o r ,
434 Broadway, New York, New York, through i t s subs i d i a r y , Mellon Financial Services Corporation #1
(9/15/83)
Cleveland
PNC Financial Corp, P i t t s b u r g h , Pennsylvania, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s
(making or acquiring and s e r v i c i n g f o r i t s own
account and/or the account of o t h e r s , loans and
other extensions of c r e d i t ) at 9001 Edmonston Road,
Greenbelt, Maryland, through i t s s u b s i d i a r y , The
Kissel 1 Company (9/8/83)
Cleveland
PNC Financial Corp, P i t t s b u r g h , Pennsylvania, n o t i f i c a t i o n o f i n t e n t t o engage i n de novo a c t i v i t i e s
(making or acquiring and s e r v i c i n g for i t s own
account and/or the account o f o t h e r s , loans and
other extensions of c r e d i t ) at Montgomery Executive
Center - Third F l o o r , 6 Montgomery V i l l a g e Avenue,
Gaithesburg, Maryland, through i t s s u b s i d i a r y , The
Kissel 1 Company (9/8/83)
—
H.2, 1983No. 37
-28APPLICATIONS RECEIVED-Continued
Richmond
Central F i d e l i t y Banks, I n c . * Richmond, V i r g i n i a ,
n o t i f i c a t i o n of i n t e n t t o engage i n de novo
a c t i v i t i e s (the sale as agent or broker w i t h
respect t o the f o l l o w i n g types of insurance rel a t e d t o , or a r i s i n g out o f , loans made or
c r e d i t t r a n s a c t i o n s i n v o l v i n g c r e d i t granting
s u b s i d i a r i e s of Central F i d e l i t y Banks, I n c . ;
c r e d i t l i f e insurance, c r e d i t d i s a b i l i t y insurance
and c r e d i t accident and health insurance; physical
damage insurance on mobile homes, motor homes or
s i m i l a r v e h i c l e s ; vendors s i n g l e i n t e r e s t physical
damage insurance on motor v e h i c l e s , boats, t r a i l e r s
and other kinds o f personal property or attachments
used i n connection t h e r e w i t h ; and mortgage redemption
insurance) in Fredericksburg, V i r g i n i a , through i t s
s u b s i d i a r y , Central F i d e l i t y Insurance Agency, Inc.
(9/12/83)
Richmond
Union Trust Bancorp, B al ti more, Maryland, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s
(making i n s t a l l m e n t loans toHTndividuals f o r personal , f a m i l y or household purposes; purchasing
sales finance contracts executed in connection
w i t h the sale of personal, f a m i l y or household
goods or s e r v i c e s ; a c t i n g as agent i n the sale
of c r e d i t l i f e and c r e d i t accident and health
insurance d i r e c t l y r e l a t e d t o i t s extensions of
c r e d i t ; and making mortgage loans secured i n
whole or i n part by mortgages or other l i e n s
on real e s t a t e ) at 2720 Riverside Drive, Macon,
Georgia, through i t s s u b s i d i a r y , Landmark Financial
Services o f Georgia, I n c . (9/14/83)
Onaco
C i t i z e n s Bancorporation, Sheboygan, Wisconsin, not i f i c a t i o n o f i n t e n t to engage i n de novo a c t i v i t i e s
( i n leasing personal property or a c t i n g as agent,
broker or advisor i n leasing such property) at 270
E. K i l b o u r n , Milwaukee, Wisconsin, the geographic
area t o be served i s Wisconin and upper Michigan,
through i t s s u b s i d i a r y , C i t i z e n s Equipment F i nancing Corporation ( 9 / 1 / 8 3 )
- 2Q
APPLICATIONS RECEIVFD-Cont i nued
Chicago
Citizens Bancorporation, Sheboygan, Wisconsin,
n o t i f i c a t i o n of intent to engage i n de novo
a c t i v i t i e s f i n providing management consul t i n g ,
data processing and data transmission services)
at 270 E. Kilbourn, Milwaukee, Wisconsin, the
geographic area to be served is Wisconsin and
upper Michigan, through i t s s u b s i d i a r y , Citizens
Management Services Corporation (9/1/83)
Chicago
Citizens Bancorporation, Sheboygan, Wisconsin,
n o t i f i c a t i o n of intent to engage i n de novo
a c t i v i t i e s ( i n making or a c q u i r i n g loans and
other extensions of c r e d i t ) at 270 E. Kilbourn,
Milwaukee, Wisconsin, the geographic area t o be
served is Wisconsin and upper Michigan, through
i t s subsidiary, Citizens Mortgage Company, Inc.
(4/1/83)
f
Harris Bankcorp, I n c . , Chicago, I l l i n o i s , n o t i f i cation of intent to engage in de novo a c t i v i t i e s
( i n performing any one or more of the f u n c t i o n s
or a c t i v i t i e s that may be performed by a t r u s t
company including a c t i v i t i e s o f a f i d u c i a r y ,
agency or custodial nature) i n New York, New York
these a c t i v i t i e s would be conducted nationwide,
Through i t s subsidiary, Harris Trust Company of
Kew York ( 9 / 8 / 8 3 )
ago
Manufacturers Hanover Corporation, D e t r o i t ,
Michigan, for prior approval to acquire 100
percent of Manufacturers Trust Company of F l o r i d a ,
W.A., North Palm Beach, Florida, t o e s t a b l i s h a
de novo trust company and to engage in personal
trust and estate a c t i v i t i e s also s e l f employment
and individual retirement accounts, the
geographic area to served w i l l be Palm Beach
County and i t s immediate environs(9/7/83)
.
o is
tan
f ramc isco
M & F Financial Corporation, Dumas, Arkansas, for
approval to engage in real estate appraising.
First Interstate Bancorp, Los Angeles, C alifor nia,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s ( i n discount brokerage a c t i v i t i e s by
buying and c e l l i n g securities solely as agent
f o r the account of customers, without providing
?7
-30PECEIVED-Continued
underwriting or investment advisory services; and
in securities credit lending pursuant to Regulation T) at 4051 Montgomery Street, San Francisco,
C a l i f o r n i a , serving the United States, through i t s
subsidiary, First Interstate Discount Brokerage
(9/13/83)
Sufi
frjfxstco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s ( i n making or acquiring for i t s own
account or for the account of others, loans and
extensions o f c r e d i t , i n c l u d i n g making consumer
installment personal loans, purchasing consumer
Installment sales finance contracts, making loans
to small businesses and other extensions of credit
such as would be made by a factoring company or
a consumer finance company and acting as broker or
agent for the sale of credit l i f e , accident and
health, and credit property insurance, such
insurance a c t i v i t i e s being permitted pursuant to
Section 601(A) and (D) of T i t l e VI of the Garn-St
Germain Act) at 122 South Second S t r e e t , Hamilton,
Ohio, serving the State of Ohio, through i t s subs i d i a r i e s , Security Pacific Finance Corp. and
Security Pacific Finance Credit Corp. (9/14/83)
*
*
*
*
*
Application to the Board of Governors of the Federal
Reserve System for Prior Approval of an A c q u i s i t i o n
Pursuant to Section 5(b) of the Bank Service Corporation Act, as amended
St. Louis
Liberty National Bank and Trust Company of L o u i s v i l l e ,
L o u i s v i l l e , Kentucky, to engage in the underwriting
of credit insurance through i t s subsidiary, LNB
Life Insurance Company, L o u i s v i l l e , Kentucky.
*
*
*
*
*
REPORTS RECEIVED
None.
##
19R? No. ?7
-
? ]
-
APPLICATIONS RECEIVED-Continued
PETITIONS FOR RULEMAKING
None.
@FedFRASER