Full text of H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received : September 18, 1971

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
A p p l i c a t i o n s and R e p o r t s R e c e i v e d o r A c t e d on

H. 2
1971 No. 38

D u r i n g Week E n d i n g S e p t e m b e r 18, 1971

11

C u r r e n t R e p o r t F i l e d P u r s u a n t t o S e c t i o n 13
of t h e S e c u r i t i e s Exchange A c t
Received
C o r p u s C h r i s t ! Bank & T r u s t , C o r p u s C h r i s t i , T e x a s

12

U n i t e d C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a

9-13-71

12

Union Bank, Los A n g e l e s , C a l i f o r n i a

9-16-71

District

* *

Date
9-14-71

*

To E s t a b l i s h a D o m e s t i c B r a n c h p u r s u a n t t o
S e c t i o n 9 of t h e F e d e r a l R e s e r v e A c t
Received
The T r u s t Company o f New J e r s e y , J e r s e y C i t y , New J e r s e y .
To e s t a b l i s h an a u x i l i a r y b r a n c h a t 511 32nd S t r e e t ,
Union C i t y , New J e r s e y .
The C e n t r a l T r u s t Company, C i n c i n n a t i , O h i o .
To e s t a b l i s h a b r a n c h a t 5148 D e l h i P i k e , D e l h i
Township, Hamilton County.
The Union S a v i n g s & T r u s t Co., W a r r e n , O h i o .
To e s t a b l i s h a b r a n c h a t 2700 Mahoning A v e n u e , N.W.
Warren, Trumbull County.
Approved
* C i t i z e n s B a n k i n g Company, A n d e r s o n , I n d i a n a .
To e s t a b l i s h a b r a n c h a t t h e s o u t h e a s t c o r n e r of
Broadway ( S t a t e R o u t e #9) and Ames S t r e e t , A n d e r s o n ,
Morrison County.
*

C i t i z e n s F i d e l i t y Bank and T r u s t Company, L o u i s v i l l e ,
K e n t u c k y . To e s t a b l i s h a b r a n c h a t 3 4 3 7 - 3 4 4 1 T a y l o r
Boulevard, L o u i s v i l l e , J e f f e r s o n County.

* A p p l i c a t i o n a p p r o v e d by R e s e r v e Bank on b e h a l f of t h e Board of G o v e r n o r s
under d e l e g a t e d a u t h o r i t y .




H. 2
1971 No. 38

W

_2_
Approved ( c o n t i n u e d )

VcWestern S t a t e Bank, S i o u x F a l l s , S o u t h D a k o t a .
To e s t a b l i s h and o p e r a t e a b r a n c h a t 1500 N o r t h
M i n n e s o t a Avenue, S i o u x F a l l s , S o u t h D a k o t a .

2

To E s t a b l i s h an O v e r s e a s Branch of a Member Bank
P u r s u a n t t o S e c t i o n 25 o f t h e F e d e r a l R e s e r v e Act
Approved
The Chase M a n h a t t a n Bank, N. A . , New York, New York,
Branch i n Agana, Guam.
V< •><'•

2

2

-k

T h i r t y Day N o t i c e of I n t e n t i o n t o E s t a b l i s h An
A d d i t i o n a l Branch i n a F o r e i g n Country
Approved
F i r s t N a t i o n a l C i t y Bank, New York, New York.
B r a n c h i n Hong Kong, t o be l o c a t e d in t h e
To Kwa Wan D i s t r i c t of Kowloon.
F i r s t N a t i o n a l C i t y Bank, New York, New York.
B r a n c h i n N a s s a u , Bahamas.

7-30-71

* A p p l i c a t i o n a p p r o v e d by R e s e r v e Bank on b e h a l f of t h e Board o f G o v e r n o r s
under d e l e g a t e d a u t h o r i t y .




H.2
1 9 7 1 No. 38

2

11

4

-3To Form a Bank H o l d i n g Company P u r s u a n t t o
S e c t i o n 3 ( a ) ( 1 ) of t h e Bank H o l d i n g Company
Act of 1956
Received
American H o l d i n g Company of New J e r s e y , P r i n c e t o n ,
New J e r s e y , f o r p r i o r a p p r o v a l t o a c q u i r e 100
p e r c e n t ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of
t h e v o t i n g s h a r e s of A m e r i c a n N a t i o n a l Bank &
T r u s t of New J e r s e y , M o n t c l a i r , New J e r s e y ,
s u c c e s s o r by m e r g e r t o American N a t i o n a l Bank &
T r u s t , M o n t c l a i r , New J e r s e y and 100 p e r c e n t
of t h e v o t i n g s h a r e s of P r i n c e t o n Bank and T r u s t
Company, P r i n c e t o n , New J e r s e y .
N a t i o n a l B a n c s h a r e s C o r p o r a t i o n of T e x a s , San
Antonio, Texas, for p r i o r approval to acquire
100 p e r c e n t ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s )
o f t h e v o t i n g s h a r e s of s u c c e s s o r by m e r g e r t o
N a t i o n a l Bank of Commerce of San A n t o n i o , San
A n t o n i o , Texas and of Randolph F i e l d N a t i o n a l
Bank, U n i v e r s a l C i t y , T e x a s .
Appro v e d
Midwest B a n c o r p o r a t i o n ( o f O h i o ) , I n c . , W i l m i n g t o n ,
D e l a w a r e , f o r p r i o r a p p r o v a l t o a c q u i r e 100
per cent ( 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 t h e v o t i n g s h a r e s of (1) t h e s u c c e s s o r by
m e r g e r t o The Midwest Bank & T r u s t Company,
C l e v e l a n d , Ohio and (2) t h e s u c c e s s o r by m e r g e r
t o The F i r e l a n d s Community B a n k , H u r o n , O h i o .

7

Peoples M i d - I l l i n o i s C o r p o r a t i o n , Bloomington,
I l l i n o i s , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r
c e n t o r more of t h e v o t i n g s h a r e s of P e o p l e s
Bank of B l o o m i n g t o n , B l o o m i n g t o n , I l l i n o i s .

10

M i d l a n d I n v e s t m e n t C o r p o r a t i o n , C a s p e r , Wyoming,
f o r p r i o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r
c e n t of t h e v o t i n g s h a r e s of H i l l t o p N a t i o n a l
B a n k , C a s p e r , Wyoming.

7




Withdrawn
On H.2 No. 3 5 , f o r t h e week e n d e d A u g u s t 2 8 , 1 9 7 1 ,
t h e B o a r d r e p o r t e d r e c e i p t of t h e a p p l i c a t i o n
from N i l e s C a p i t a l C o r p o r a t i o n , Chicago, I l l i n o i s ,
f o r p r i o r a p p r o v a l t o a c q u i r e s h a r e s of Bank of
Niles, Niles, I l l i n o i s .
In a l e t t e r dated
S e p t e m b e r 1 0 , 19 7 1 , A p p l i c a n t r e q u e s t e d t h a t
the a p p l i c a t i o n be withdrawn.

*

*

*

*

*




To Expand a Bank H o l d i n g Company P u r s u a n t t o
S e c t i o n 3 ( a ) ( 3 ) of t h e Bank H o l d i n g Company
Act of 1956
Received
C h e m i c a l New York C o r p o r a t i o n , New Y o r k , New Y o r k ,
f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t
( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of t h e
v o t i n g s h a r e s of t h e s u c c e s s o r by m e r g e r t o
E a s t e r n N a t i o n a l Bank of Long I s l a n d , S m i t h t o w n ,
S u f f o l k C o u n t y , New Y o r k .
C h e m i c a l New York C o r p o r a t i o n , New Y o r k , New Y o r k ,
f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t
( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of t h e
v o t i n g s h a r e s of t h e s u c c e s s o r by m e r g e r t o
Tappan Zee N a t i o n a l B a n k , N y a c k , New Y o r k .
The C e n t r a l B a n c o r p o r a t i o n , I n c . , C i n c i n n a t i ,
O h i o , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r
c e n t ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of t h e
v o t i n g s h a r e s of t h e s u c c e s s o r by m e r g e r t o The
C a n a l W i n c h e s t e r Bank, C a n a l W i n c h e s t e r , O h i o .
F i r s t V i r g i n i a Bankshares C o r p o r a t i o n , A r l i n g t o n ,
V i r g i n i a , f o r p r i o r a p p r o v a l t o a c q u i r e 100
p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r
by m e r g e r t o Bank of S u r r y C o u n t y , I n c . ,
Surry, Virginia.
V i r g i n i a Commonwealth B a n k s h a r e s , I n c . , Richmond,
V i r g i n i a , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r
c e n t of t h e v o t i n g s h a r e s of The Bank of V i r g i n i a
of t h e S o u t h e a s t , W h a l e y v i l l e , V i r g i n i a , s u c c e s s o r
by m e r g e r t o Bank of W h a l e y v i l l e , I n c . , W h a l e y v i l l e ,
Virginia.
V i r g i n i a Commonwealth B a n k s h a r e s , I n c . , Richmond,
V i r g i n i a , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r
c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by
m e r g e r t o Bank of W a r r e n , F r o n t R o y a l , V i r g i n i a .
Combanks C o r p o r a t i o n , W i n t e r P a r k , F l o r i d a , f o r
p r i o r a p p r o v a l t o a c q u i r e 5 5 . 1 p e r c e n t or more
of t h e v o t i n g s h a r e s of The Commercial Bank a t
Apopka, Apopka, F l o r i d a .
Combanks C o r p o r a t i o n , W i n t e r P a r k , F l o r i d a , f o r
p r i o r a p p r o v a l t o a c q u i r e 5 5 . 1 p e r c e n t o r more
of t h e v o t i n g s h a r e s of The Commercial Bank
at Pine C a s t l e , P i n e C a s t l e , F l o r i d a .




Received (Continued)
Combanks C o r p o r a t i o n , W i n t e r P a r k , F l o r i d a , f o r
p r i o r a p p r o v a l t o a c q u i r e 5 5 . 1 p e r c e n t o r more
of t h e v o t i n g s h a r e s of N o r t h O r l a n d o Bank,
F a i r v i l l a (P.O. O r l a n d o ) , F l o r i d a .
Combanks C o r p o r a t i o n , W i n t e r P a r k , F l o r i d a , f o r
p r i o r a p p r o v a l to a c q u i r e 5 5 . 1 p e r cent or
more of t h e v o t i n g s h a r e s of S o u t h S e m i n o l e
Bank, Fern P a r k , F l o r i d a .
F i r s t B a n c s h a r e s of F l o r i d a , I n c . , Boca R a t o n ,
F l o r i d a , f o r p r i o r a p p r o v a l t o a c q u i r e 80
p e r c e n t o r more of t h e v o t i n g s h a r e s of
J e n s e n Beach Bank, J e n s e n B e a c h , F l o r i d a .
S o u t h e a s t B a n k i n g C o r p o r a t i o n , Miami, F l o r i d a ,
f o r p r i o r a p p r o v a l t o a c q u i r e more t h a n 5 p e r
c e n t of t h e v o t i n g s h a r e s of The Commercial
Bank a t Apopka, Apopka, F l o r i d a .
S o u t h e a s t Banking C o r p o r a t i o n , Miami, F l o r i d a ,
f o r p r i o r a p p r o v a l t o a c q u i r e more t h a n 5 p e r
c e n t of t h e v o t i n g s h a r e s of The Commercial
Bank a t P i n e C a s t l e , P i n e C a s t l e , F l o r i d a .
S o u t h e a s t B a n k i n g C o r p o r a t i o n , Miami, F l o r i d a ,
f o r p r i o r a p p r o v a l t o a c q u i r e more t h a n 5
p e r c e n t of t h e v o t i n g s h a r e s of The Commercial
Bank a t W i n t e r P a r k , W i n t e r P a r k , F l o r i d a .
S o u t h e a s t B a n k i n g C o r p o r a t i o n , Miami, F l o r i d a ,
f o r p r i o r a p p r o v a l t o a c q u i r e more t h a n 5
p e r c e n t of t h e v o t i n g s h a r e s of N o r t h
Orlando Bank, F a i r v i l l a (P.O. O r l a n d o ) ,
Florida.
S o u t h e a s t B a n k i n g C o r p o r a t i o n , Miami, F l o r i d a ,
f o r p r i o r a p p r o v a l t o a c q u i r e more t h a n 5
p e r c e n t of t h e v o t i n g s h a r e s of S o u t h S e m i n o l e
Bank, Fern P a r k , F l o r i d a .
F i r s t N a t i o n a l H o l d i n g C o r p o r a t i o n , Memphis,
Tennessee, for prior approval to acquire
100 p e r c e n t ( l e s s d i r e c t o r s ' q u a l i f y i n g
s h a r e s ) of t h e v o t i n g s h a r e s of t h e s u c c e s s o r
by m e r g e r t o W h i t e s C r e e k Bank and T r u s t
Company, W h i t e s C r e e k , T e n n e s s e e .

H.2
1971 No. 38

-6Received (Continued)
M e r c a n t i l e Ban c o r p o r a t e on I n c . , S t . L o u i s ,
M i s s o u r i , f o r p r i o r a p p r o v a l t o a c q u i r e at
l e a s t 90 p e r c e n t of t h e v o t i n g s h a r e s of
Red B r i d g e Bank, Kansas C i t y , M i s s o u r i .
Approved
F i d e l i t y American B a n k s h a r e s , I n c . , L y n c h b u r g ,
V i r g i n i a , f o r p r i o r a p p r o v a l t o a c q u i r e 80
p e r c e n t o r more of t h e v o t i n g s h a r e s of
C u l p e p e r N a t i o n a l Bank, C u l p e p e r , V i r g i n i a .
F i d e l i t y American B a n k s h a r e s , I n c . , L y n c h b u r g ,
V i r g i n i a , f o r p r i o r a p p r o v a l t o a c q u i r e 80
p e r c e n t o r more of t h e v o t i n g s h a r e s of
Metompkin Bank and T r u s t Company, P a r k s l e y ,
Virginia.
S o u t h e a s t B a n k i n g C o r p o r a t i o n , Miami, F l o r i d a ,
f o r p r i o r a p p r o v a l t o a c q u i r e SO p e r c e n t o r
more of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l
Beach Bank, J a c k s o n v i l l e B e a c h , J a c k s o n v i l l e
Beach, F l o r i d a .

8

Boatmen1s B a n c s h a r e s , I n c . , S t . L o u i s , M i s s o u r i ,
f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r
more of t h e v o t i n g s h a r e s of Bank of 0 1 F a l l o n ,
0fFallon, Missouri.

8

T G Bancshares Co., S t . Louis, M i s s o u r i , f o r
p r i o r approval to acquire 99.8 per cent or
more of t h e v o t i n g s h a r e s of C o n t i n e n t a l Bank
& T r u s t Company, Richmond H e i g h t s , M i s s o u r i .




)'<

*

*

*

*

H. 2
1 9 7 1 No. 38

3

8

-7-

To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
4 ( c ) (8) of t h e Bank H o l d i n g Company Act of 1956
Received
Correction:
F i r s t Pennsylvania Corporation, Philadelphia,
P e n n s y l v a n i a , n o t i f i c a t i o n of i n t e n t t o
s h i f t a p r e s e n t a c t i v i t y ( t h e p e r f o r m a n c e of
a c c o u n t i n g , p r o c e s s i n g and t r a n s f e r a g e n t
s e r v i c e s f o r mutual funds) to a s u b s i d i a r y ,
Fund/Plan S e r v i c e s , I n c . , P h i l a d e l p h i a ,
P e n n s y l v a n i a ( i n c o r r e c t l y r e p o r t e d on H.2 # 3 4 ) .

9-1-71

F i n a n c i a l D e v e l o p m e n t Company, S o u t h a v e n ,
9-16-71
M i s s i s s i p p i , n o t i f i c a t i o n of i n t e n t t o e n g a g e
i n a de n o v o a c t i v i t y ( a g e n e r a l i n s u r a n c e a g e n c y
and b r o k e r a g e w i t h a c t i v i t i e s i n c i d e n t a l t h e r e t o )
t h r o u g h a s u b s i d i a r y known as F N B I n s u r a n c e A g e n c y ,
Southaven, Mississippi.

12

C e n t r a l Banking System, I n c . , Oakland,
C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o
e n g a g e i n a de novo a c t i v i t y ( ( 1 ) t o s e r v e
as i n v e s t m e n t a d v i s o r t o r e a l e s t a t e i n v e s t m e n t
t r u s t s c r e a t e d u n d e r l a w s of t h e S t a t e cf
California
(2) t o a d v i s e C e n t r a l B a n k i n g
S y s t e m , I n c . , and i t s a f f i l i a t e s , w i t h
r e s p e c t t o r e a l e s t a t e i n v e s t m e n t s and (3) t o
make o r a c q u i r e , f o r i t s own a c c o u n t o r f o r
t h e a c c o u n t of o t h e r s , l o a n s and o t h e r
e x t e n s i o n s of c r e d i t , such as would b e made
by a f i n a n c e o r f a c t o r i n g company) t h r o u g h a
s u b s i d i a r y known as C e n t r a l R e a l t y and F i n a n c i a l
S e r v i c e s , I n c . , i n O a k l a n d , C a l i f o r n i a and
Phoenix, Arizona.

9-13-71

12

Z i o n s Utah B a n c o r p o r a t i o n , S a l t Lake C i t y , U t a h ,
n o t i f i c a t i o n of i n t e n t t o c o n t i n u e t o e n g a g e
i n a de_ novo a c t i v i t y ( o p e r a t i n g as an
i n d u s t r i a l b a n k u n d e r laws of t h e S t a t e of
C o l o r a d o ) t h r o u g h a s u b s i d i a r y known as F o r t
C o l l i n s 1 s t I n d u s t r i a l Bank, F o r t C o l l i n s ,
Colorado.

9-13-71




H.2
1971 No. 38

7

Permitted**
F i r s t Chicago C o r p o r a t i o n , Chicago, I l l i n o i s , to
e n g a g e i n a de novo a c t i v i t y ( s e r v i n g as t h e
a d v i s o r y company f o r a m o r t g a g e o r r e a l e s t a t e
i n v e s t m e n t t r u s t , making o r a c q u i r i n g f o r i t s
own a c c o u n t l o a n s s e c u r e d by r e a l e s t a t e
mortgages
and s e r v i c i n g of such l o a n s )
t h r o u g h a s u b s i d i a r y known as F i r s t C h i c a g o
Realty S e r v i c e s , I n c . , Chicago, I l l i n o i s .

*

4

*

*

*

9-16-71

-k

To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
4 ( c ) (12) of t h e Bank H o l d i n g Company Act of 1956
Re ce i v e d
The C i t i z e n s F i n a n c i a l C o r p o r a t i o n , C l e v e l a n d ,
O h i o , n o t i f i c a t i o n of I n t e n t t o a c q u i r e s h a r e s
of Top V i s i o n C a b l e Company, Owensb o r o , K e n t u c k y ,
and W a s h i n g t o n C h a n n e l s , • I n c . , W a s h i n g t o n ,
Pennsylvania.

9-13-71

4

The C i t i z e n s F i n a n c i a l C o r p o r a t i o n , C l e v e l a n d ,
O h i o , n o t i f i c a t i o n of i n t e n t t o a c q u i r e
s h a r e s of T e l e s y s t e m C o r p o r a t i o n , P h i l a d e l phia, Pennsylvania.

9-17-71

6

Gulf Union C o r p . , Baton Rouge, L o u i s i a n a , n o t i f i c a t i o n of i n t e n t t o a c q u i r e t h e c o n t r o l l i n g i n t e r e s t
i n F i n a n c i a l Home Loan C o r p . , L i t t l e Rock, A r k a n s a s ,
t h r o u g h a s u b s i d i a r y t o be known as A r k a n s a s H o l d i n g C o . , L i t t l e Rock, A r k a n s a s .

9-17-71

7

Gulf & W e s t e r n I n d u s t r i e s , I n c . , New Y o r k , New York,
n o t i f i c a t i o n of i n t e n t t o a c q u i r e a d d i t i o n a l s t o c k
i n Madison S q u a r e Garden C o r p o r a t i o n , New Y o r k ,
New Y o r k , t h r o u g h i t s s u b s i d i a r y , Gulf & W e s t e r n
R e a l t y C o r p o r a t i o n , New Y o r k , New Y o r k .

9-15-71

9

Gamble-Skogmo, I n c . , M i n n e a p o l i s , M i n n e s o t a ,
n o t i f i c a t i o n of i n t e n t t o a c q u i r e two G a m b l e ' s House
of F a b r i c s , f r a n c h i s e d s t o r e s , b o t h i n A u r o r a , C o l o r a d o .

9-12-71

Trans-World F i n a n c i a l Co., Beverly H i l l s , C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t t o a c q u i r e s h a r e s of Mount a i n S a v i n g s and Loan A s s o c i a t i o n , B o u l d e r , C o l o r a d o .

9-1.5-71

12

* * P r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board of G o v e r n o r s
under delegated a u t h o r i t y .



H.2
1971 No. 38

6

-9Permitted**
L y k e s - Y o u n g s t o w n C o r p o r a t i o n , New O r l e a n s ,
L o u i s i a n a , t o a c q u i r e an a d d i t i o n a l
50 p e r c e n t i n t e r e s t i n Ly-Gra C o r p o r a t i o n ,
New O r l e a n s , L o u i s i a n a .

9-11-71

7

Gulf & W e s t e r n I n d u s t r i e s , I n c . , New Y o r k ,
New Y o r k , t o a c q u i r e a d d i t i o n a l s t o c k
i n M a d i s o n S q u a r e Garden C o r p o r a t i o n , New
Y o r k , New Y o r k , t h r o u g h i t s s u b s i d i a r y ,
Gulf & W e s t e r n R e a l t y C o r p o r a t i o n , New
Y o r k , New Y o r k .

9-16-71

9

Gamble-Skogmo, I n c . , M i n n e a p o l i s , M i n n e s o t a ,
t o a c q u i r e two G a m b l e ! s House of F a b r i c s ,
f r a n c h i s e d s t o r e s , both i n Aurora, Colorado.

On o r b e f o r e
9-30-71

* * P r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e B o a r d of G o v e r n o r s
under delegated a u t h o r i t y .