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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1982 No. 38)
Actions of the Board; Applications and Reports
Received During the Week Ending September 18, 1982
APPLICABLE
RESERVE BANK

ACTIONS OF THE BOARD
Statement by Governor Lyle E. Gramley before the
Subcommittee on Forests of the House Agriculture
Committee to discuss the present state of the
housing and forest products industries and the
outlook f o r the f u t u r e .
Regulation Z, O f f i c i a l S t a f f Commentary update,
e f f e c t i v e date: September 17, 1982, but reliance
optional u n t i l April 1, 1983.

Kansas City

F i r s t CarrolIton Bancshares, I n c . , Carrollton,
Missouri, extension of time to November 2, 1982,
w i t h i n which t o acquire F i r s t National Bank of
C a r r o l l t o n , C a r r o l l t o n , Missouri. J /

St. Louis

F i r s t Tennessee National Corporation, Memphis,
Tennessee, extension of time to December 20, 1982,
within which to acquire the successor by merger to
Harpeth National Bank of Franklin, Franklin,
Tennessee. 1/

St. Louis

Gateway Capital Corporation, Hernando, Mississippi,
extension of time to November 16, 1982, within
which to become a bank holding company through
the acquisition of the Hernando Bank, Hernando,
Mississippi. _]_/

San
Francisco

Home Interstate Bancorp, Signal H i l l , C a l i f o r n i a ,
extension of time to January 2, 1983, within
which t o become a bank holding company through
the acquisition of 100 percent of the voting
shares of Home Bank, Signal H i l l , C a l i f o r n i a . V

Atlanta

Lakeside Bancshares, I n c . , Lake Charles, Louisiana,
extension of time to January 22, 1983, within
which to become a bank holding company through
the acquisition of Lakeside National Bank, Lake
Charles, Louisiana. 1/

1/




Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .

H.2, 1982 No. 38

- 2 ACTIONS OF THE BOARD - Continued

Chicago

Merchants Corporation, Chicago, I l l i n o i s , extension
of time to October 15, 1982, within which to become a bank holding company through the acquisition
of 80 percent or more of the voting shares of
Merchants and Manufacturers State Bank, Melrose
Park, I l l i n o i s . J /

Chicago

Miami Corporation, Chicago, I l l i n o i s , extension of
time t o December 22, 1982, w i t h i n which t o acquire
100 percent of the voting shares of Boulevard
Bancorp, I n c . , Chicago, I l l i n o i s , and thereby
•indirectly acquiring 100 percent of the voting
shares of The Hinsdale Capital Corporation, Chicago,
I l l i n o i s , which currently owns 81.4 percent of the
voting shares of The F i r s t National Bank of Hinsdale, Hinsdale, I l l i n o i s . J /

Chicago

Miami Corporation, Chicago, I l l i n o i s , extension of
time t o December 22, 1982, w i t h i n which to acquire
100 percent of the voting shares of Boulevard
Bancorp, I n c . , Chicago, I l l i n o i s , and thereby i n d i r e c t l y acquiring 80 percent of the voting shares
of National Boulevard Bank of Chicago, Chicago,
Illinois. V

Chicago

Miami Corporation, Chicago, I l l i n o i s , extension of
time to December 22, 1982, within which t o acquire
100 percent of the voting shares of Boulevard
Bancorp, I n c . , Chicago, I l l i n o i s , and thereby i n d i r e c t l y acquiring 100 percent of the voting shares
of The Glencoe Capital Corporation, Glencoe, I l l i n o i s
which currently owns 89.7 percent of the voting
shares of Glencoe National Bank, Glencoe, I l l i n o i s . J_/

Chicago

Miami Corporation, Chicago, I l l i n o i s , extension of
time to December 22, 1982, within which to acquire
100 percent of the voting shares of Boulevard
Bancorp, I n c . , Chicago, I l l i n o i s , and thereby i n d i r e c t l y acquiring 100 percent of the voting shares
of Firstwin Corporation, Chicago, I l l i n o i s , which
currently owns 83.6 percent of the voting shares of
The F i r s t National Bank of Winnetka, Winnetka,
I l l i n o i s . 1/

\J

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .







H.2, 1982 No. 38

- 3 ACTIONS OF THE BOARD - Continued

Chicago

Miami Corporation, Chicago, I l l i n o i s , extension of
time to December 22, 1982, within which to acquire
100 percent of the voting shares of Boulevard
Bancorp, Inc., Chicago, I l l i n o i s , and thereby i n directly acquiring 100 percent of the voting shares
of The First National Bank of Wilmette, Wilmette,
Illinois. J/

Atlanta

Northwest Georgia Financial Corporation, Dallas,
Georgia, extension of time to December 19, 1982,
within which to become a bank holding company
through acquisition of the Citizens Bank, Dallas,
Georgia. JJ

Kansas City

Rifle Bank Agency, Inc., R i f l e , Colorado, extension
of time to December 2, 1982, within which to acquire
the First National Bank in Parachute, Parachute,
Colorado. \J

Dallas

Security Holding Company, Fredericksburg, Texas,
extension of time to December 17, 1982, within which
to acquire Security Financial Corporation in
Fredericksburg, Fredericksburg, Texas. JJ

Kansas City

Southwest Bankshares, Inc., Rio Rancho, New Mexico,
extension of time to December 18, 1982, within
which to acquire Bank of the Southwest, Rio Rancho,
New Mexico. 1/

Dallas

Texas Commerce Bancshares, I n c . , Houston, Texas,
extension of time to December 22, 1982, within which
to acquire Texas Commerce Bank - Champions Park, N.A.,
Houston, Texas. 1/

San
Francisco

Tri-State Bancorporation, I n c . , Montepelier, Idaho,
extension of time to November 20, 1982, within
which to become a bank holding company through
the acquisition of Tri-State Bank and Trust Company,
Montepelier, Idaho. V

Cleveland

Union National Corp, Mt. Lebanon, Pennsylvania, extension of time to February 27, 1983, within which
to acquire Keystone National Bank, Punxsutawney,
Pennsylvania. 1/

77
~

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .

I

H.2, 1982 No. 38

- 4 ACTIONS OF THE BOARD - Continued

Dallas

USBancshares of Texas, I n c . , Denton, Texas, extension of time to November 16, 1982, within
which to acquire USBank, Denton, Texas, J /

Boston

Connecticut Bank and Trust Company, Hartford,
Connecticut, extensions of time within which to
establish branches: (1) to October 1, 1982, on
Division Street, Derby, Connecticut, and (2) to
September 21, 1982 on Weston Road, Weston,
Connecticut. J /

San
Francisco

County Bank of Santa Cruz, Santa Cruz, C a l i f o r n i a ,
extension of time t o March 16, 1983, within
which t o establish a branch to be located at
1998 Main Street, City of Watsonville, C a l i f o r n i a . J J

Chicago

Centerville National Bank, C e n t e r v i l l e , Iowa, proposed purchase of assets and assumption of l i a b i l i t i e s and maintain branches of Seymour State Bank,
Seymour, Iowa, under the charter of Centerville
National Bank and t i t l e of Hawkeye Bank and Trust,
National Association; report t o the Comptroller of
the Currency on competitive fa cto rs. J /

New York

Chase Manhattan Bank, N.A., New York, New York,
proposed purchase of assets and assumption of
l i a b i l i t i e s of Chase Bank S.A., Buenos Aires,
Argentina; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . \J

Chicago

Community Bank of Divernon, Divernon, I l l i n o i s ,
proposed merger with CB and D Bank, Divernon,
I l l i n o i s , under the charter of CB of D Bank,
and t i t l e of Community Bank of Divernon; report
t o the Federal Deposit Insurance Corporation on
competitive f a c t o r s . J /

Atlanta

F i r s t National Bank of C l a r k s v i l l e , C l a r k s v i l l e ,
Tennessee, proposed merger with FNB Interim
National Bank, C l a r k s v i l l e , Tennessee; report
t o the Comptroller of the Currency on competitive factors. V

Atlanta

F i r s t United Bank, Montezuma, Georgia, proposed
merger with F i r s t United Interim, I n c . , Montezuma, Georgia; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/

V

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1982 No. 38

- 5 ACTIONS OF THE BOARD - Continued

Chicago

Marine F i r s t National Bank, Janesville, Wisconsin,
proposed merger with Marine F i r s t Peoples Bank,
J a n e s v i l l e , Wisconsin and Marine Tobacco Exchange, Edgerton, Wisconsin, under the charter
and t i t l e of Maine F i r s t National Bank; report
t o the Comptroller of the Currency on competitive
factors. V

Chicago

Marine National Exchange Bank of Milwaukee, M i l waukee, Wisconsin, proposed merger with Capitol
Marine Bank, Milwaukee, and Wisconsin Marine
Bank, Milwaukee, under the charter of Marine
National Exchange Bank of Milwaukee, and t i t l e
of Marine Bank, National Association; report
t o the Comptroller of the Currency on competitive
factors. J /

San
Francisco

National Bank of La J o l l a , La J o l l a , C a l i f o r n i a ,
proposed purchase of certain assets and the
assumption of certain l i a b i l i t i e s of the Heritage
Bank o f f i c e located at 1400 Camino De La Raina,
San Diego, C a l i f o r n i a , under the charter and
t i t l e of the former; report t o the Comptroller
of the Currency on competitive factors. j_/

Philadelphia

Russell National Bank, Lewistown, Pennsylvania,
proposed merger with Interim National Bank of
Lewistown, Lewistown, Pennsylvania, under the
t i t l e of the Russell National Bank and the
charter of Interim National Bank of Lewistown;
report to the Comptroller of the Currency on
competitive f a c t o r s . J /

Richmond

Washington County National Bank of Abingdon,
Abingdon, V i r g i n i a , proposed merger with Central
F i d e l i t y Bank, National Association, Southwest,
Abingdon, V i r g i n i a , a proposed new bank; report
t o the Comptroller of the Currency on competitive
f a c t o r s . 1/

T7




Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1982 No. 38

- 6 ACTIONS OF THE BOARD - Continued

To Establish a Domestic Branch Pursuant
t o Section 9 of the Federal Reserve Act
Approved
Union Trust Company of Maryland, Baltimore, Maryland.
To establish a branch at 8355 Snouffers School Road,
Gaithersburg, Maryland. J /

Richmond

New York

The Bank of New York, New York, New York. To establ i s h a branch at the Sayvilie Shopping Center,
Railroad Avenue and Montauk Highway, Sayville,
(Unincorporated area) Town of I s l i p , New York. ]_/
*

*

*

*

*

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Philadelphia

Approved
Chemical Bank (Delaware), Wilmington, Delaware. J /
*

*

*

*

*

Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Atlanta

Not Disapproved
Southeast Banking Corporation, Miami, Florida.
*

*

*

*

*

Applications and Notifications for International
Investments and Other Actions Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9) and 4 (c) (13)
of the Bank Holding Company Act of 1956, as amended
Atlanta

TJ

Approved
Banco Del Pacifico I n t e r n a t i o n a l , Miami, Florida:
grants permission to commence business as a
corporation under the provisions of Section
25(a) of the Federal Reserve Act (9/17/82) \J

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .




H.2, 1982 No. 38

- 7 ACTIONS OF THE BOARD - Continued

New York

Sixty-Day N o t i f i c a t i o n Period Allowed to Expire
C i t i c o r p , New York, New York: no objection to make
an additional investment, either d i r e c t l y or
i n d i r e c t l y , in Citilease Co., L t d . , Tokyo, Japan.
*

*

*

*

*

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Chicago

Philadelphia

Withdrawn
American-DeKalb Bancorp, I n c . , De Kalb, 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 ' q u a l i f y i n g shares) of
American National Bank of De Kalb, De Kalb,
111inois.
Approved
Drovers Bancshares Corporation, York, Pennsylvania,
f o r approval to acquire 100 percent of voting
shares of The Drovers & Mechanics Bank, York,
Pennsylvania. ]_/

Philadelphia

F i r s t Bath Corporation, Bath, Pennsylvania, for
approval to acquire 100 percent of the voting
shares of F i r s t National Bank of Bath, Bath,
Pennsylvania. J /

Philadelphia

Peoples National Bancorp, I n c . , State College,
Pennsylvania, f o r approval to acquire 100 percent
of the voting shares of The Peoples National Bank
of Central Pennsylvania, State College, Pennsylvania. J /

Chicago

GL & ML Limited, Aplington, Iowa, f o r approval to
acquire at least 49 percent of the voting shares
of Aplington Insurance, I n c . , Aplington, Iowa,
and i n d i r e c t l y State Savings Bank, Aplington, Iowa. V

Chicago

North Side Bancorp., I n c . , Racine, Wisconsin, for
approval to acquire at least 80 percent of the voting
shares of North Side Bank, Racine, Wisconsin and 100
percent of North Side Bank of Caledonia, Caledonia,
Wisconsin, a proposed new bank. 1/

T7

Application processed on behalf of the Board of Governors under
delegated authority.

H.2, 1982 No. 38

-

8

-

ACTIONS OF THE BOARD - Continued
Chicago

United Bancorporation, I n c . , Rockford, I l l i n o i s ,
for approval t o acquire 98 percent of the voting
shares of United Bank of I l l i n o i s , N.A., Rockford,
I l l i n o i s ; United Bank of Belvidere, Belvidere,
I l l i n o i s ; United Bank of Southgate, Rockford,
I l l i n o i s and United Bancorporation, I n c . , Rockford,
I l l i n o i s (an I l l i n o i s corporation), and i n d i r e c t l y
acquire 98 percent of United Bank of Rochelle,
Rochelle, I l l i n o i s ; S.B.A. Company, Rockford,
I l l i n o i s , and i n d i r e c t l y United Bank of Rockford,
Rockford, I l l i n o i s ; Oregon Corporation, Rockford,
I l l i n o i s , and i n d i r e c t l y acquire 96 percent of
United Bank of Ogle County, N.A., Oregon, I l l i n o i s
and East Riverside I n c . , Rockford, I l l i n o i s and
i n d i r e c t l y acquire 93 percent of United Bank of
Loves Park, Loves Park, I l l i n o i s . JV

St. Louis

Columbia Bancshares, I n c . , Columbia, I l l i n o i s , f o r
approval t o acquire at least 80 percent of the
voting shares of Columbia National Bank, Columbia,
Illinois, y

St. Louis

Frank 1 in Bancorp, I n c . , Franklin, Kentucky, for
approval t o acquire 100 percent of the voting shares
of the successor by merger to Franklin Bank 8
Trust Company, Franklin, Kentucky. J /

St. Louis

Rich Land Bancorp, I n c . , Olney, 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 ' q u a l i f y i n g shares) of Olney Trust Bank,
Olney, I l l i n o i s , successor by merger to Olney Trust
and Banking Company, Olney, I l l i n o i s . \J

Kansas City

F i r s t National Bancshares of Weatherford, I n c . ,
Weatherford, Oklahoma, for approval to acquire
at least 80 percent of the voting shares of
F i r s t National Bank of Weatherford, Weatherford,
Oklahoma. 1/

Dal las

F i r s t Republic Bancshares, I n c . , Rayville, Louisiana,
for approval to acquire at least 80 percent of the
voting shares of F i r s t Republic Bank, Rayville,
Louisiana. 1/

Dallas

Nacogdoches Commercial Bancshares, I n c . , Nacogdoches,
Texas, f o r approval to acquire 100 percent of the
voting shares of Commercial National Bank in
Nacogdoches, Nacogdoches, Texas. J /

T7




Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .

H.2, 1982 No. 38

- 9 ACTIONS OF THE BOARD - Continued

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
St. Louis

Approved
Union I l l i n o i s Company, East St. Louis, I l l i n o i s ,
f o r approval t o acquire up to 27 percent of the
voting shares of Columbia National Bank,
Columbia, I l l i n o i s . 1/

Kansas City

Colorado National Bankshares, I n c . , Denver,
Colorado, f o r approval t o acquire 100 percent
of the voting shares of Colorado National Bank—
Southwest, Jefferson County, Colorado, a proposed new bank. J /

Dallas

F i r s t City Financial Corporation,
Mexico, for approval to acquire
the voting shares of F i r s t City
Roswel1, New Mexico, a proposed

Dallas

Mercantile Texas Corporation, Dallas, Texas, for
approval t o acquire 100 percent of the voting
shares of The Ashford Bank, Houston, Texas. ]_/

Dallas

Texas Commerce Bancshares, I n c . , Houston, Texas,
f o r approval to acquire 100 percent of the
voting shares of Texas Commerce Bank-Greens
Crossing, N.A., Houston, Texas, a proposed new
bank. 1/
*

*

*

*

Albuquerque, New
100 percent of
National Bank,
new bank. J_/

*

To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Dallas

77




Approved
I n t e r F i r s t Corporation, Dallas, Texas, f o r approval
t o acquire 100 percent of the voting shares
of Fannin Bancshares, I n c . , Houston, Texas, and
i n d i r e c t l y Fannin Bank, Houston, Texas. J /

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .

H.2, 1982 No. 38

-10ACTIONS OF THE BOARD - Continued

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Chicago

Approved
F i r s t National Bancshares, I n c . , East Lansing,
Michigan, for approval to acquire substantially
a l l of the assets of Le Ann Corporation, East
Lansing, Michigan, and thereby d i r e c t l y engage
in the making and acquiring, for i t s own account,
real estate loans and other extensions of credit
as would be made by a mortgage company or other
commercial lending i n s t i t u t i o n . J_/

Chicago

GL & ML Limited, Aplington, Iowa, for approval to
engage in s e l l i n g l i f e , casualty and credit l i f e
and accident and health insurance in Aplington,
Iowa (presently conducted by Aplington Insurance,
I n c . ) . 1/

San
Francisco

Puget Sound Bancorp, Tacoma, Washington, f o r approval
to acquire 100 percent of the voting shares of PS
Mortgage Corporation, Washington Leasing Corporation
and A f f i l i a t e d Escrow, I n c . , a l l in Seattle,
Washington. 1/

Boston

T7
3/




Permitted
Old Stone Corporation, Providence, Rhode Island,
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 operating a loan or investment
bank as authorized by Rhode Island law, i n cluding the acceptance of time and savings
deposits but excluding the acceptance of
demand deposits or the making of commercial
loans) at Metro Center Office Park, Warwick,
Rhode Island, serving primarily the c i t i e s and
town of Warwick, West Warwick, Cranston and
East Greenwich plus Washington County in the
State of Rhode Island, through i t s subsidiary,
Guild Loan & Investment Company (9/13/82) 3/

Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
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, 1982 No. 38

-

11

-

ACTIONS OF THE BOARD - Continued
New York

Manufacturers Hanover Corporation, New York, New
York, requests permission to expand the service
area of f i v e existing o f f i c e s (arranging,
making, or acquiring for i t s own account or
for the account of others loans and other extensions of credit such as would be made or
acquired by a mortgage company; servicing
such loans and other extensions of c r e d i t ; and
acting as agent or broker for the sale of credit
l i f e insurance and credit accident and health
insurance relating to such loans and other extensions of c r e d i t ) at 30100 Van Dyke Road,
Suite 229, Warren, Michigan, serving customers
in Wayne, Oakland, Macomb, and St. Clair Counties
in Michigan; Suite 180, One Independence Place,
4807 Rockside Road, Independence, Ohio, serving
customers in Cuyahoga, Lake, Lorain, Ashtabula,
Geauga, Mahoning, Medina, Portage, Stark, Summit
and Trumbull Counties in Ohio; 1819 Dobson Road,
Mesa, Arizona, serving customers in the c i t i e s of
Mesa and Tempe and in Maricopa, Coconino, Mohave
and Yavapai Counties in Arizona; 2300 Palm Beach
Lakes Boulevard, Suite 208, West Palm Beach,
Florida, serving customers in Palm Beach, Dade,
Broward, Martin, St. Lucie, Monroe, Okeechobee
and Indian River Counties in Florida and Suite
B-316, 3103 West Peoria Avenue, Phoenix, Arizona,
serving customers in Maricopa, Coconino and Yuma
Counties in Arizona, through i t s subsidiary,
Manufacturers Hanover Mortgage Corporation
(9/11/82)3/

Cleveland

Ameritrust Corporation, Cleveland, Ohio, 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 (making
or acquiring and servicing for i t s own account
or for the account of others, loans and extensions of credit including commercial loans secured
by a borrower's inventory, accounts receivable,
making leases of personal property or acting as
agent, broker or advisor in leasing such property and other extensions of c r e d i t such as
would be made by a commercial finance company)
at Diamond Shamrock Building, Dallas, Texas, the
georgraphic area to be served is the Dallas SMSA,
through i t s subsidiary, AT Financial Corporation
(9/13/82) 3/

37

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, 1982 No. 38

-

12 -

ACTIONS OF THE BOARD - Continued
Chicago

Associated Banc-Corp., Green Bay, Wisconsin, n o t i f i c a t i o n of intent t o engage in de novo a c t i v i t i e s
( i n mortgage banking) at 220 North Madison Street,
Green Bay, Wisconsin, the geographic area to be
served w i l l be the southern Wisconsin counties of
Marquette, Columbia, Dane, Rock, Walworth, M i l waukee, Dodge, and Sheboygan and northern I l l i n o i s
counties of Boone, McHenry, Lake, Winnebago, Kane,
Du Page, Cook and W i l l , through i t s subsidiary,
Associated Mortgage, Inc. (9/13/82) 3/

Dallas

Mercantile Texas Corporation, Dallas, Texas, n o t i f i c a t i o n of intent t o engage in de novo a c t i v i t i e s
( i n certain financial and portfoTTo investment
adviser a c t i v i t i e s , making or acquiring loans and
other extensions of c r e d i t for i t s own or another's
account, servicing loans f o r others and performing
real estate appraisals) at 1704 Main Street, Dallas
County, Dallas, Texas, through i t s wholly-owned
subsidiary, Mercantile Energy Corporation
(9/17/82) 3/

San
Francisco

BankAmerica Corporation, San Francisco, 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 expand de novo a c t i v i t i e s
(making or acquiring for i t s own account loans and
other extensions of credit such as would be made or
acquired by a finance company; servicing loans and
other extensions of c r e d i t ; and the o f f e r i n g of
c r e d i t - r e l a t e d l i f e insurance in New Hampshire,
Maine, Massachusetts and Vermont; c r e d i t - r e l a t e d
accident and health insurance w i l l be offered in
a l l states except Massachusetts; c r e d i t - r e l a t e d
property insurance w i l l not be offered in any of
the four states; such a c t i v i t i e s w i l l include, but
not be limited t o , making loans and other extensions
of credit to consumers and small businesses, purchasing installment sales finance contracts, making
loans secured by real property, and o f f e r i n g c r e d i t related l i f e and c r e d i t - r e l a t e d accident and health
insurance d i r e c t l y related to extensions of credit
made or acquired by FinanceAmerica Corporation
of New Hampshire Inc.) at The Executive Office
Building, Third Floor, 20 Industrial Park Drive,
Nashua, New Hampshire, serving the e n t i r e states
of New Hampshire, Massachusetts and Vermont and
639 Main Street, Laconia, New Hampshire, serving

17

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, 1982 No. 38

- 13 ACTIONS OF THE BOARD - Continued
the e n t i r e states of New Hampshire, Maine and Vermont, through i t s i n d i re ct subsidiary, FinanceAmerica
Corporation of New Hampshire I n c . , (a New Hampshire
Corporation) (9/14/82) 3/

San
Francisco

Seafirst Corporation, Seattle, Washington, n o t i f i c a t i o n
of intent t o expand the following de novo a c t i v i t i e s
(the underwriting and s e l l i n g 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 related
t o extensions of c r e d i t by Seafirst Corporation or
i t s subsidiaries) in Seattle, Washington, serving
Colorado, through i t s subsidiaries, Seafirst L i f e
Insurance Company and Seafirst Insurance Corporation
(9/18/82) 3/

San
Francisco

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 t o relocate de novo a c t i v i t i e s (making or acquiring f o r i t s own account or
f o r the account of others, loans and extensions of
c r e d i t , including making consumer installment personal loans, purchasing consumer installment sales
finance contracts, making loans to small businesses
and other extensions of c r e d i t such as would be made
by a factoring company or a consumer finance company,
and acting as broker or agent f o r the sale of credit
l i f e , and c r e d i t accident and health and credit
property insurance) from 337 South Kennedy Drive,
Bradley, I l l i n o i s , t o Homewood, I l l i n o i s , serving
the State of I l l i n o i s , through i t s subsidiary, Security
P a c i f i c Finance Corp. (9/16/82) 3/

17

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 .




14 -

H.2, 1982 No. 38

APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
St. Louis

English State Bank, English, Indiana. To establish
a domestic branch at the corner of Highway 64 and
Valeen Road, Crawford County, Indiana. 2/
*

*

*

*

*

To Merge Pursuant to Section 18(c) of the
Federal Deposit Insurance Act
Richmond

F i r s t V i r g i n i a Bank-Franklin County, Rocky Mount,
V i r g i n i a , to merge with Farmers and Merchants
Bank, Boones M i l l , V i r g i n i a . 7J
*

*

*

*

*

Applications and N o t i f i c a t i o n s f o r International
Investments and Other Actions Pursuant t o Sections
25 and 25(a) of the Federal Reserve Act and Sections
4(c)(9) and 4(c)(13) of the Bank Holding Company
Act of 1956, as amended
Atlanta

Banco Del Pacifico I n t e r n a t i o n a l , Miami, Florida:
requests permission to commence business as a
corporation under the provision of Section 25(a)
of the Federal Reserve Act.

Dallas

Mercantile National Bank of Dallas, Dallas, Texas:
requests consent to establish two foreign subs i d i a r i e s , Mercantile Texas Bank (Overseas)
Limited, t o be located in George Town, Grand
Cayman, Cayman Islands, and Mercantile Texas
Limited, t o be located in Hong Kong.

San
Francisco

Banco do Brasil S.A., B r a s i l i a , B r a z i l : requests
consent to establish an Edge Act Corporation in
Washington, D. C., with branches in Chicago,
I l l i n o i s ; Atlanta, Georgia; and Houston and
Dallas, Texas.

77

Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1982 No. 38

- 15 -

APPLICATIONS RECEIVED - Continued
To Establish a U. S. Branch of an Edge Act Corporation
Pursuant t o Section 25(a) of the Federal Reserve Act
San
Francisco

BankAmerica I n t e r n a t i o n a l , San Francisco, California:
requests consent to establish a de novo branch in
the Miami International A i r p o r t , Miami, Florida.
*

*

*

*

*

To Form.a Bank Holding Company Pursuant t o Section
3(a)(1) of the Bank Holding Company Act of 1956
New York

Valbanque Corporation and i t s wholly-owned subsidiary,
N.Y. Banco Holdings, L t d . , both of Hato Rey,
Puerto Rico, f o r approval to acquire at least 25
percent of the voting shares of The F i r s t Women's
Bank, New York, New York. 2/

New York

W.L.T. Asian Holding Company (H.K.) L t d . , Hong Kong,
B.C.C., f o r approval to acquire at least 75 percent
of the voting shares of Community National Bank and
Trust Company of New York, Staten Island, New York. 2/

Philadelphia

Bank of Delaware Corporation, Wilmington, Delaware, f o r
approval t o acquire 100 percent of the voting shares
of Bank of Delaware, Wilmington, Delaware. Z]

Richmond

F i r s t Palmetto Bancshares Corp., Columbia, South
Carolina, f o r approval t o acquire 100 percent of
the voting shares of F i r s t Palmetto State Bank &
Trust Company, Columbia, South Carolina. 2/

Atlanta

B r i t t o n & Koontz Capital Corporation, Natchez,
Mississippi, f o r approval t o acquire 100 percent
of the voting shares of B r i t t o n & Koontz F i r s t
National Bank, Natchez, Mississippi. 2/

Chicago

ABC Bancorporation, I n c . ,
approval t o acquire 100
shares (less d i r e c t o r s '
the successor by merger
Chicago, I l l i n o i s . 2/

2/

Chicago, I l l i n o i s , f o r
percent of the voting
q u a l i f y i n g shares) of
to Austin Bank of Chicago,

Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1982 No. 38

- 16 -

APPLICATIONS RECEIVED - Continued
Chicago

Addison Bancshares, I n c . ,
approval to acquire 100
shares (less d i r e c t o r s '
the successor by merger
Addison, I l l i n o i s . 2/

Chicago

Beecher Bancorp, I n c . , Beecher, I l l i n o i s , for approval
to acquire at least 80 percent of the voting shares
of Farmers State Bank of Beecher, Beecher, I l l i n o i s . 2/

Chicago

F i r s t Manitowoc Bancorp, I n c . , Manitowoc, Wisconsin,
for approval to acquire 80 percent of the voting
shares of F i r s t National Bank in Manitowoc, Manitowoc,
Wisconsin. 2/

Chicago

Forrest Bancshares, I n c . , Forrest, I l l i n o i s , f o r
approval to acquire 80 percent of the voting shares
of F i r s t State Bank of Forrest, Forrest, I l l i n o i s . 2)

Chicago

Midwest Financial Group, I n c . , Peoria, I l l i n o i s , f o r
approval to acquire 100 percent of the voting shares
of the successor by merger t o : Commercial National
Corporation, Peoria, I l l i n o i s , and i n d i r e c t l y Commerc i a l National Bank of Peoria, Peoria, I l l i n o i s ; Prospect National Bank of Peoria, Peoria, I l l i n o i s , and
University National Bank of Peoria, Peoria, I l l i n o i s ;
Champaign Bancorp, I n c . , Champaign, I l l i n o i s , and
i n d i r e c t l y The F i r s t National Bank in Champaign,
Champaign, I l l i n o i s ; I l l i n o i s National Bancorp, I n c . ,
S p r i n g f i e l d , I l l i n o i s , and i n d i r e c t l y I l l i n o i s
National Bank of S p r i n g f i e l d , S p r i n g f i e l d , I l l i n o i s ;
and F i r s t Trust & Savings Bank of Kankakee, Kankakee
I l l i n o i s . 2/

S t . Louis

Nelson Bancorp, I n c . , Chaplin, Kentucky, for
approval t o acquire at least 80 percent of
the voting shares of Peoples State Bank,
Chaplin, Kentucky. 2/

St. Louis

Smackover Bancshares, I n c . , Smackover, Arkansas,
for approval to acquire at least 80 percent of
the voting shares of Smackover State Bank,
Smackover, Arkansas. 2/

27




Addison, I l l i n o i s , for
percent of the voting
q u a l i f y i n g shares) of
to F i r s t Security Bank,

Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.

I

H.2, 1982 No. 38

- 17 -

APPLICATIONS RECEIVED - Continued
Minneapolis

Eitzen Independents, I n c . , Eitzen, Minnesota, for
approval t o acquire 84.4 percent of the voting
shares of Eitzen State Bank, Eitzen, Minnesota. 2J

Kansas City

Green Mountain Bancorporation, I n c . , Englewood,
Colorado, f o r approval to acquire 100 percent
of the voting shares of Green Mountain Bank,
Lakewood, Colorado. 2/

Kansas City

Midland BanCor, I n c . , Lee's Summit, Missouri, f o r
approval t o acquire at least 80 percent of the
voting shares of Midland Bank, Lee's Summit,
Missouri. 2/

Dallas

Community Bancorporation, I n c . , Bel 1 v i l i e , Texas,
f o r approval to acquire 100 percent of the voting
shares of The F i r s t National Bank of Bel 1 v i l l e ,
B e l l v i l l e , Texas. 2/

Dallas

F i r s t State Bancshares of Yoakum, I n c . , Yoakum,
Texas, f o r approval to acquire at least 80 percent
of the voting shares of F i r s t State Bank, Yoakum,
Texas. 2/

Dallas

United Bancorp., I n c . , V i c t o r i a , Texas, f o r approval
t o acquire at least 80 percent of the voting shares
of Unitedbank - V i c t o r i a , V i c t o r i a , Texas. 2J

San
Francisco

Hanil Bank, Seoul, Korea, for approval t o acquire
82.69 percent of the outstanding voting stock of
F i r s t State Bank of Southern C a l i f o r n i a , Lynwood,
C a l i f o r n i a . 2J

San
Francisco

PNB Financial Group, Newport Beach, C a l i f o r n i a , f o r
approval t o acquire 100 percent of the voting shares
of P a c i f i c National Bank, Newport Beach, C a l i f o r n i a . 2j

San
Francisco

SDNB Financial Corp., San Diego, C a l i f o r n i a , f o r
approval to acquire 100 percent of the voting
shares of San Diego National Bank, San Diego,
C a l i f o r n i a . 2j

San
Francisco

Torrey Pines Group, Sol ana Beach, C a l i f o r n i a , f o r
approval t o acquire 100 percent of the voting
shares of Torrey Pines Bank, Sol ana Beach,
C a l i f o r n i a . 2/

2J




Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.

H.2, 1982 No. 38

-18-

APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
New York

The Summit Bancorporation, Summit, New Jersey,
f o r approval to acquire 100 percent of the voting
shares of the successor by merger to Ocean County
National Bank, Point Pleasant, New Jersey. 2J

Richmond

NCNB Corporation, Charlotte, North Carolina, for
approval to acquire 100 percent of the voting
shares of Exchange Bancorporation, I n c . , Tampa,
Florida and i n d i r e c t l y Exchange Bank & Trust
Company of F l o r i d a , Tampa, Florida; Exchange Bank
of C o l l i e r County, Naples, Florida; Exchange
National Bank of Lake County, Clermont, Florida;
Exchange Bank of Lee County, Fort Myers, Florida;
Exchange National Bank of Manatee C i t y , Bradenton,
Florida; Exchange Bank of Osceola, Kissimmee,
F l o r i d a ; Exchange Bank of Sarasota C i t y , Sarasota,
Florida; Exchange Bank of Charlotte C i t y , National
Association, Englewood, Florida; Exchange Bank of
Polk County, Winter Haven, F l o r i d a . 2J

Atlanta

A t l a n t i c Bancorporation, Jacksonville, Florida, f o r
approval t o acquire 100 percent of the voting shares
of A t l a n t i c National Bank of Florida at Orange Park,
Orange Park, Florida, a proposed new bank. 2J

Atlanta

SafraCorp, Miami, F l o r i d a , f o r approval to acquire
100 percent of the voting shares of Safra Bank I I ,
N.A., Pompano Beach, F l o r i d a , a proposed new bank. 2/

Chicago

Central of I l l i n o i s , I n c . , S t e r l i n g , I l l i n o i s , f o r
approval t o acquire 100 percent of the voting
shares of MOUNT MORRIS BANSHARES, INC., Mount
Morris, I l l i n o i s , and i n d i r e c t l y up to 98.35
percent of Citizens State Bank of Mount Morris,
Mount Morris, I l l i n o i s . ZJ

Chicago

Hawkeye Bancorporation, Des Moines, Iowa, f o r
approval t o acquire 100 percent of the voting
shares of F i r s t National Bank in Lenox, Lenox,
Iowa. 2/

TJ

Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as t o the length of the comment period.




H.2, 1982 No. 38

- 19 -

APPLICATIONS RECEIVED - Continued
Chicago

Mid-Citco Incorporated, Chicago, I l l i n o i s , for
approval t o acquire 100 percent of the voting
shares of the successor by merger to F i r s t
National Bank of Morton Grove, Morton Grove,
I I l i n o i s . 2j

St. Louis

Bank of Poplar B l u f f Bancshares, I n c . , Poplar
B l u f f , Missouri, f o r approval to acquire at
least 80 percent of the voting shares of Bank
of Marble H i l l , Marble H i l l , Missouri. 2/

St. Louis

Ridgway Bancorp., I n c . , Ridgway, I l l i n o i s , for
approval t o acquire 100 percent of the voting
shares of Frankfort Bancorporation, I n c . , West
Frankfort, I l l i n o i s and i n d i r e c t l y at least
80 percent of the voting shares of Bank of West
Frankfort, West Frankfort, I l l i n o i s . 2/

St. Louis

Ridgway Bancorp., I n c . , Ridgway, I l l i n o i s , for
approval to acquire 100 percent of the voting
shares of Vienna Bancorp., I n c . , Vienna,
I l l i n o i s and i n d i r e c t l y at least 80 percent
of the voting shares of Drovers State Bank,
Vienna, I l l i n o i s . 2/

Kansas City

Alpine Bancorp., I n c . , Glenwood Springs, Colorado,
f o r approval t o acquire 100 percent of the voting
shares of Alpine Bank, Glenwood Springs (a proposed new bank), Valley Bank & Trust, Eagle;
Basalt Bancorp, I n c . , Basalt, and i n d i r e c t l y Bank
of Basalt, Basalt; Snowmass Bancorp, I n c . , Snowmass
V i l l a g e , and i n d i r e c t l y Bank of Snowmass, Snowmass
V i l l a g e ; Colorado River Bancorp, C l i f t o n , and
i n d i r e c t l y Bank of C l i f t o n , C l i f t o n , a l l located in
Colorado. 2/

Kansas City

Citizens Ban-Corporation, Rock Port, Missouri,
for approval to acquire at least 80 percent of
the voting shares of Kingston Bank, Kingston,
Missouri, and of The Farmers Bank of Sheridan,
Sheridan, Missouri. 2/

J?




Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as of the length of the comment period.

H.2, 1982 No. 38

-20-

APPLICATIONS RECEIVED - Continued
Dal las

F i r s t City Bancorporation of Texas, I n c . , Houston,
Texas, f o r approval to acquire 100 percent of
the voting shares of Graham National Bancorporation,
Graham, Texas, and i n d i r e c t l y The Graham National
Bank, Graham, Texas. 2/

Dallas

Texas Commerce Bancshares, I n c . , Houston, Texas, for
approval t o acquire 100 percent of the voting
shares of Texas Commerce Bank-West Oaks, N.A.,
Houston, Texas, a proposed new bank. 2J

Dallas

Westex Bancorp, I n c . , Del Rio, Texas, f o r approval
t o acquire 100 percent of the voting shares of
Sutton County National Bank, Sonora, Texas, a
proposed new bank. 2J
*

*

*

*

*

To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Cleveland

PNC Financial Corp., Pittsburgh, Pennsylvania, f o r
approval t o acquire 100 percent of the voting shares
of Pittsburgh National Corporation, Pittsburgh,
Pennsylvania and i n d i r e c t l y Pittsburgh National Bank,
Jeannette, Pennsylvania, Somerset Trust Company,
Somerset, Pennsylvania and Peoples Bank, Weirton,
West V i r g i n i a and Provident National Corporation,
Philadelphia, Pennsylvania and i n d i r e c t l y Provident
of Delaware Bank, Wilmington, Delaware and Provident
National Bank, Bryn Mawr, Pennsylvania. 2/

Dallas

F i r s t Security National Corporation, Houston, Texas,
for approval t o merge with Graham National Bancorpo r a t i o n , Graham, Texas and acquire shares of The
Graham National Bank, Graham, Texas. 2/
*

77

*

*

*

*

Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as t o the length of the comment period.




H.2, 1982 No. 38

- 21 -

APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston

Hospital Trust Corporation, Providence, Rhode Island,
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 (underwriting, as reinsurer, c r e d i t l i f e and
c r e d i t d i s a b i l i t y insurance which is d i r e c t l y
related to extensions of c r e d i t by the c r e d i t extending a f f i l i a t e s of Hospital Trust Corporation)
at One Hospital Trust Plaza, Providence, Rhode
Island and 1500 Southwest Financial Plaza, 3101
North Central Avenue, Phoenix, Arizona, serving
Rhode Island, through i t s subsidiary, RIHT L i f e
Insurance Company (9/16/82)

Philadelphia

York Bancorp, York, Pennsylvania, 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 (underw r i t i n g , as reinsurer, c r e d i t l i f e and credit
accident and health insurance d i r e c t l y related
t o extensions of c r e d i t by Applicant's subs i d i a r y bank, The York Bank and Trust Company)
i n Phoenix, Arizona, the georgraphic area t o
be served is Southeastern Pennsylvania, through
i t s subsidiary. Dickinson L i f e Insurance Company
(9/16/82)

Cleveland

PNC Financial Corp., Pittsburgh, Pennsylvania, f o r
approval to acquire The Kissel 1 Company, Pittsburgh
National Discount Corporation, PINACO, I n c . ,
Pittsburgh National Leasing Corp., Pittsburgh
National L i f e Insurance Company, Pittsburgh
National Commercial Corporation, Provident
National Investment Corporation, and Provident
National Financial Corporation.

Richmond

NCNB Corporation, Charlotte, North Carolina, for
approval t o acquire Exchange Financial Services,
I n c . , Tampa, Florida; Exchange Leasing, I n c . ,
Tampa, F l o r i d a ; Exchange Travel Service, I n c . ,
Exchange Operating Services Corporation.

Atlanta

SafraCorp, Miami, Florida, f o r approval to engage
in lending a c t i v i t i e s .

Chicago

Midland Mortgage Corporation, D e t r o i t , Michigan,
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 (to perform loan o r i g i n a t i o n and
mortgage loan servicing and accounting for







H.2, 1982 No. 38

- 22 -

APPLICATIONS RECEIVED - Continued
Midland Mortgage Corporation) at 201 E. Pine
Street, Suite 524, Orlando, Florida, the geographic area served w i l l be nationwide (9/8/82)
Minneapolis

F i r s t Bank System, I n c . , Minneapolis, Minnesota,
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 the mortgage banking Imsiness,
including the brokering, o r i g i n a t i o n , purchase,
sale and servicing of real estate mortgage loans)
at 1711 Office Center, 1711 West County Road B,
Roseville, Minnesota, serving the MinneapolisSt. Paul SMSA consisting of St. Croix County in
' Wisconsin and Anoka, Dakota, Hennepin, Ramsey,
Washington, Chicago, Wright, Scott and Carver
Counties in Minnesota, through i t s subsidiary,
FBS Mortgage Corporation (9/7/82)

Minneapolis

Northwest Bancorporation, Minneapolis, Minnesota,
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 (making or acquiring loans or other
extensions of credit such as would be made by
a commercial finance company, involving commercial loans secured by borrower's inventory,
accounts receivable, or other assets; servicing
such loans for others; and making leases of
personal property in accordance with the Board's
Regulation Y) at 14800 Quorum Drive, Suite 529,
Dallas, Texas, serving Texas, Oklahoma, Louisiana,
Arkansas, Missouri, Kansas, Tennessee, New Mexico,
Arizona and Alabama, through i t s subsidiary,
Banco Financial Corporation (9/8/82)

Minneapolis

Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s (consumer and commercial finance,
and the sale of c r e d i t - r e l a t e d insurance) from
1103 Hampton Street, Columbia, South Carolina
t o Dutch Plaza, Suite 107, 800 Dutch Square Boulevard, Columbia, South Carolina, through i t s subs i d i a r y , Dial Finance Company of South Carolina
(9/16/82)

Minneapolis

Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s (consumer and commerciafTi nance,
and the sale of c r e d i t - r e l a t e d insurance) from
4724 Broadway, Gary, Indiana to Twin Towers Mall,
Unit 27, 1000 East 80th Place, M e r r i l l v i l i e ,
Indiana, serving substantially the same geographical
area as the e x i s t i n g o f f i c e , through i t s subsidiary,
Dial Finance Company of Indiana, Inc. (9/16/82)

H.2, 1982 No. 38

- 23 -

APPLICATIONS RECEIVED - Continued
Minneapolis

Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s (consumer and commercial finance, and
the sale of c r e d i t - r e l a t e d insurance) from 1339
South Glenstone Avenue, S p r i n g f i e l d , Missouri to
2724 South Glenstone Avenue, S p r i n g f i e l d , Missouri
through i t s subsidiaries, Dial Finance Company of
Missouri and Dial Finance Company of Missouri No. 1
(9/16/82)

Minneapolis

Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
' a c t i v i t i e s (consumer and commercial finance,
and the sale of c r e d i t - r e l a t e d insurance) from
7122 Alameda Avenue, Hidden Valley Shopping
Center, El Paso, Texas, t o Airways Junction
Shopping Center, Suite D-7, 1201 Airway Boulevard, El Paso, Texas, through i t s subsidiary,
Dial Finance Company of Texas (9/16/82)

Kansas City

Eaton Capital Corporation, Loup C i t y , Nebraska,
for approval t o acquire 100 percent of Colorado
Industrial Bank, Eaton, Colorado and i n d i r e c t l y
engage in c r e d i t - r e l a t e d insurance through Bank.

San
Francisco

BankAmerica Corporation, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of i t s intent t o engage in a de novo
a c t i v i t y ( i n the a c t i v i t y of s e l l i n g travelers
checks) at the Miami International A i r p o r t , Miami,
F l o r i d a , serving the e n t i r e State of Florida,
through i t s i n d i r e c t subsidiary, FinanceAmerica
Corporation (a Florida corporation) (9/16/82)

San
Francisco

BankAmerica Corporation, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent t o engage i n de novo
a c t i v i t i e s (making or acquiring for i t s own
account loans and other extensions of c r e d i t
such as would be made or acquired by a finance
company; servicing loans and other extensions of
c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance,
c r e d i t - r e l a t e d accident and health insurance and
c r e d i t - r e l a t e d property insurance; such a c t i v i t i e s
w i l l include, but not be l i m i t e d t o , purchasing
installment sales finance contracts, making loans
and other extensions of c r e d i t t o consumers as well
as small businesses, making loans and other extensions of credit secured by real and personal prop e r t y , and o f f e r i n g c r e d i t - r e l a t e d l i f e , c r e d i t related accident and health and c r e d i t - r e l a t e d




J

V"

'

t »

H.2, 1982 No. 38

- 24 -

APPLICATIONS RECEIVED - Continued
property insurance, c r e d i t - r e l a t e d l i f e and c r e d i t related accident and health insurance may be r e i n sured by BA Insurance Company, I n c . , an a f f i l i a t e
of FinanceAmerica Consumer Discount Company) at
241 West Broad Street, Quakertown, Pennsylvania,
serving the e n t i r e State of Pennsylvania, through
i t s i n d i r e c t subsidiary, FinanceAmerica Consumer
Discount Company (a Pennsylvania corporation)
(9/14/82)
San
Francisco




Rainier Bancorporation, Seattle, Washington,
n o t i f i c a t i o n of intent t o engage i n de novo
a c t i v i t i e s (making or acquiring f o r i t s own
account or f o r the account of others, loans
or other extensions of c r e d i t ; and acting
as an Insurance agent or broker with regard
t o insurance that is d i r e c t l y related to
extensions of c r e d i t by Rainier Mortgage Company in the following categories: mortgage
redemption insurance i n the form of credit
l i f e and d i s a b i l i t y insurance; property and
casualty insurance on real and personal
property, Including homeowners, f i r e and
extended coverage, l i a b i l i t y , b u i l d e r ' s
course of construction, and builder borrower
Insurance and performance bonds) in Houston,
Texas, serving the e n t i r e State of Texas,
through i t s subsidiary, Rainier Mortgage
Company (9/18/82)
*

*

*

*

*

REPORTS RECEIVED
None.

PETITIONS FOR RULEMAKING
None.