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ANNOIINCENEHT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2 A p p l i c a t i o n s and R e p o r t s Received o r Acted on 1970 - No. 38 During t h e Week Ended September 19, 1970. District 4 7 Date C u r r e n t Report 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 Act Received L o r a i n County Savings & T r u s t Company, E l y r i a , Ohio (August 1970) H a r r i s T r u s t and Savings Bank, C h i c a g o , I l l i n o i s (August 1970) * * * * * To Become a Member of t h e F e d e r a l R e s e r v e System 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 Reserve Act Received The Hamilton Bank, Hamilton Township, New J e r s e y . * * * * * To E s t a b l i s h a Domestic Branch 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 Reserve Act Received The C o n n e c t i c u t Bank and T r u s t Company, H a r t f o r d , C o n n e c t i c u t . Branch a t Trumbull Shopping P a r k , 5065 Maine S t r e e t , T r u m b u l l . F i r s t Bank and T r u s t Company of Hampden County, S p r i n g f i e l d , M a s s a c h u s e t t s . Branch on t h e w e s t e r l y s i d e of Northampton S t r e e t , s o u t h of t h e i n t e r s e c t i o n of Whiting Farms Road and Northampton S t r e e t , Holyoke. United Bank & T r u s t Company, H a r t f o r d , C o n n e c t i c u t . Branch a t 2475 Albany Avenue, West H a r t f o r d . 2 Chemical Bank, New York, New York. Branch i n t h e immediate v i c i n i t y of Main S t r e e t and 72nd Avenue, Kewgardens H i l l s , Queens. 9-14-70 9-14-70 H.2 No. 38 2 4 12 2 * ~2~ Re c e i v e d ( c o n t f d ) Chemical Bank, New York, New York* Branch i n t h e immediate neighborhood of t h e i n t e r s e c t i o n of Hempstead T u r n p i k e and Hamlet Road, L e v i t t o w n , Nassau County. The C e n t r a l T r u s t Company, C i n c i n n a t i , Ohio. Branch i n t h e N o r t h g a t e M a l l , C o l e r a i n and S p r i n g d a l e Roads, C i n c i n n a t i , Hamilton County. The C o n t i n e n t a l Bank and T r u s t Company> S a l t Lake C i t y , U t a h . Branches a t t h e f o l l o w i n g l o c a t i o n s : A. In t h e Research P a r k , l o c a t e d n o r t h and e a s t of t h e i n t e r s e c t i o n of Sunnyside Avenue and F o o t h i l l B o u l e v a r d , S a l t Lake C i t y , S a l t Lake County; and B. On t h e campus of t h e U n i v e r s i t y of U t a h , i n t h e Union B u i l d i n g , o r i n t h e v i c i n i t y of t h e Union B u i l d i n g l o c a t e d s o u t h e a s t of t h e i n t e r s e c t i o n of Campus Drive and Spencer D r i v e , S a l t Lake C i t y , S a l t Lake County. Approved ^Chemical Bank, New York, New York. Branches a t t h e f o l l o w i n g l o c a t i o n s : A. At 4 6 9 - 1 / 2 - 4 7 1 South Broadway, Yonkers, W e s t c h e s t e r County; and B. At 55 South Broadway, Y o n k e r s , W e s t c h e s t e r County. 2 *The County T r u s t Company, White P l a i n s , New York. Branch on Nepperhan Avenue s o u t h of t h e s o u t h e a s t c o r n e r of t h e i n t e r s e c t i o n of Nepperhan Avenue and Ode11 Avenue, C i t y of Y o n k e r s , W e s t c h e s t e r County. 2 * M a n u f a c t u r e r s Hanover T r u s t Company, New York, New York. Branch a t 33 South Broadway, Y o n k e r s , W e s t c h e s t e r County. 5 * S t a t e Bank of Remington I n c o r p o r a t e d , Remington, V i r g i n i a . Branch on t h e n o r t h s i d e of Highway 2 8 , o n e - h a l f m i l e e a s t of C a t l e t t , F a u q u i e r County. A p p l i c a t i o n approved by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H.2 No. 38 6 7 ~3~ Approved ( c o n t ' d ) *Bank of New O r l e a n s and T r u s t Company, New O r l e a n s , L o u i s i a n a . Branch a t 935 Common S t r e e t , New O r l e a n s , I n c o n n e c t i o n w i t h r e l o c a t i o n of head o f f i c e . * F i r s t - C i t i z e n s Bank and T r u s t Company, G r e e n c a s t l e , I n d i a n a . Branch a t 1057 I n d i a n a p o l i s Road, C i t y of G r e e n c a s t l e , Putnam County. * * * * * 7 To E s t a b l i s h an Overseas Branch of a Member Bank P u r s u a n t t o S e c t i o n 25 of t h e F e d e r a l R e s e r v e Act Received Marine N a t i o n a l Exchange Bank of Milwaukee, Milwaukee, W i s c o n s i n . Branch i n N a s s a u , Bahamas. * * * * * To Merge P u r s u a n t t o S e c t i o n 18(c) of t h e F e d e r a l D e p o s i t I n s u r a n c e Act Approved S e c u r i t y T r u s t Company of R o c h e s t e r , R o c h e s t e r , New York, f o r p r i o r a p p r o v a l t o merge The Cohocton S t a t e Bank, Cohocton, New York, under t h e c h a r t e r and t i t l e of S e c u r i t y T r u s t Company of R o c h e s t e r . Bank of D e l a w a r e , 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 merge M i l l s b o r o T r u s t Company, M i l l s b o r o , D e l a w a r e , under t h e c h a r t e r and t i t l e of Bank of D e l a w a r e . Bordentown Banking Company, Bordentown Township, 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 merge The F i r s t N a t i o n a l Bank of New E g y p t , New E g y p t , New J e r s e y , under t h e c h a r t e r of t h e f o r m e r and new t i t l e of Bank of M i d - J e r s e y . Union T r u s t Company of Maryland, B a l t i m o r e , Maryland, f o r p r i o r a p p r o v a l t o merge M e t r o p o l i t a n N a t i o n a l Bank of Maryland, Wheat o n , Maryland, under t h e c h a r t e r and t i t l e of Union T r u s t Company of Maryland. * * * * * * A p p l i c a t i o n approved by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . • • H* 2 No. 38 6 8 -4To Form a Bank Holding 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 Approved C i t i z e n s B a n c s h a r e s of F l o r i d a , I n c . , Hollywood, 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 become a bank h o l d i n g company through t h e a c q u i s i t i o n of 80 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 C i t i z e n s N a t i o n a l Bank of West Hollywood; C i t i z e n s N a t i o n a l Bank of Hollywood 9 Hollywood; C i t i z e n s N a t i o n a l Bank of Miami, Dade County; and C i t i z e n s N a t i o n a l Bank of D a v i e , D a v i e , all in Florida. F i r s t Union, I n c o r p o r a t e d , 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 become a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of 100 p e r c e n t ( l e s s d i r e c t o r s v 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 V a n d a l i a S t a t e Bank, V a n d a l i a , M i s s o u r i . * 4 * * * * 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 Holding Company Act of 1956 Received BancOhio C o r p o r a t i o n , Columbus 3 Ohio, 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 up t o 100 p e r c e n t ( l e s s d i r e c t o r s f 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 merger t o The F i r s t N a t i o n a l Bank a t E a s t P a l e s t i n e , E a s t P a l e s t i n e , Ohio. 7 1 Approved F i r s t Holding Company, I n c . , Waukesha, W i s c o n s i n , 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 F i r s t N a t i o n a l Bank of Oconomowoc, Oconomowoc, W i s c o n s i n . Vacate Order On 11,2 No. 18 f o r t h e week ended May 2 , 1970, t h e Board r e p o r t e d a p p r o v a l of t h e a p p l i c a t i o n of M e r r i l l Bankshares Company, Bangor, Maine 9 t o a c q u i r e a l l 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 merger t o F e d e r a l T r u s t Company, W a t e r v i l l e , Maine. On September 16, 1970, t h e Board i s s u e d an Order v a c a t i n g t h i s approval. A A * A A
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