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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1984 No. 38
Actions of the Board; Applications and Reports
Received During the Week Ending September 22, 1984
APPLICABLE
RESERVE BANK

ACTIONS OF THE BOARD

Boston

Hartford National Corporation, Hartford, Connecticut,
extension of time to December 24, 1984, within which
to acquire Arltru Bancorporation, Lawrence, Massachusetts. V

Boston

Key Bank of Southern Maine, Portland, Maine, proposal to
acquire the Freeport and Brunswick, Maine offices of
Key Bank of Central Maine, Augusta, Maine; report to
the Federal Deposit Insurance Corporation on competitive
factors. ]_/

New York

Key Bank of Central New York, Syracuse, New York, proposal
to purchase 9 branch offices of Key Bank of Western New
York N.A.; report to the Federal Deposit Insurance
Corporation on competitive factors. 1/

New York

Constellation Bank, National Association, Elizabeth, New
Jersey, proposal to merge with the National State Bank,
Elizabeth, N.J., Elizabeth, New Jersey; report to the
Comptroller of the Currency on competitive factors. 1_/

New York

First Jersey National Bank/Central, Perth Amboy, New
Jersey, proposal to merge with First County Bank of
New Jersey, North Brunswick, New Jersey; report to the
Comptroller of the Currency on competitive factors. J_/

New York

Glens Falls National Bank and Trust Company, Glens Falls,
New York, proposal to purchase the asets and assume the
liabilities of the North Plaza and South Plaza branches
of the National Bank and Trust Company of Norwich, Norwich,
New York; report to the Comptroller of the Currency
on competitive factors. V

New York

Citibank Overseas Investment Corporation, Wilmington, Delaware,
extension of time for Citibank Canada to make an additional
investment in its subsidiary, Citibank Canada Mortgage
Corporation. ] J

TJ

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




- 2 -

H.2, 1984 No. 38

ACTIONS OF THE BOARD - Continued
Philadelphia

Laurel National Bank, Ebensburg, Pennsylvania, proposal
to merge into Interim BT Bank, Ebensburg, Pennsylvania,
under the charter of the latter and with the title of
Laurel Bank; report transmitted to the Federal Deposit
Insurance Corporation on competitive factors. y

Richmond

Ronceverte National Bank, Fairlea, West Virginia, proposed
merger with Ronceverte Interim National Bank, Fairlea,
West Virginia, a proposed new bank; report to the Comp­
troller of the Currency on competitive factors. ]_/

Richmond

Central National
a proposed new
National Bank,
Comptroller of

Richmond

Bank of Northumberland, Inc., Heathsville, Virginia, extension
of time within which to establish a branch at U.S. Route
360 and State Route 200, Burgess, Virginia. y

Richmond

Summit Bankshares, Inc.,
of time until December
a bank holding company
First National Bank of

Richmond

Farmers and Merchants National Bank, Winchester, Virginia,
proposed merger with Stonewall Jackson Bank and Trust
Company, National Association, Mount Jackson, Virginia;
report to the Comptroller of the Currency on competitive
factors. J_/

Atlanta

Capital Bank, North Bay Village, Florida, proposed merger with
Central Bank, Delray Beach, Florida; report to the Federal
Deposit Insurance Corporation on competitive factors. !_/

Atlanta

First National Bancshares of West Alabama, Inc., Aliceville,
Alabama, extension of time until November 10, 1984, within
which to become a bank holding company through acquisition of
First National Bank of Aliceville, Aliceville, and Bank
of Gordo, Gordo, Alabama. 1J

Atlanta

Barnet Bank of South Florida, N.A., Miami, Florida, proposed
merger with Florida Coast Bank, Pompano Beach, Florida;
report to the Comptroller of the Currency on competitive
factors. 1/

y

Interim Bank, Morgantown, West Virginia,
bank, proposed merger with Central
Morgantown, West Virginia; report to the
the Currency on competitive factors. 1_/

Ripley, West Virginia, extension
22, 1984, within which to become
through the acquisition of The
Ripley, Ripley, West Virginia. ]_/

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




H.2, 1984 No. 38

- 3 ACTIONS OF THE BOARD - Continued

Atlanta

NCNB National Bank of Florida, Tampa, Florida, proposed
merger with NCNB National Bank of Florida, Avon Park,
Florida; report to the Comptroller of the Currency on
competitive factors. 1/

Chicago

ANBB National Bank, Beaver Dam, Wisconsin, for prior approval
to merge with The American National Bank of Beaver Dam,
Beaver Dam, Wisconsin, under the charter of ANBB National
Bank, and title of The American National Bank of Beaver
Dam; report to the Comptroller of the Currency on com­
petitive factors. 1_/

Chicago

BNB National Bank, Belvidere, Illinois, for prior approval
to merge with The Belvidere, Illinois, under the charter
of BNB National Bank, and title of The Belvidere
National Bank and Trust Company; report to the Comp­
troller of the Currency on competitive factors. ] J

Chicago

Marshall & Ilsley Corporation, Milwaukee, Wisconsin,
extension of time to November 17, 1984, within which to
acquire Wauwatosa Bancorp, Inc., Wauwatosa, Wisconsin
and thereby acquire Wauwatosa State Bank, Wautwatosa,
Wisconsin. \ j

St. Louis

Landmark Bank of Ladue, Ladue, Missouri, extension of time
until November 15, 1984, to relocate the main banking
quarters to 10 South Brentwood Boulevard, Clayton,
Missouri, and to continue to operate its current main
office at 8866 Ladue Road, Laude, Missouri, as a
facility. 1_/

St. Louis

Centerre Bank of North Kansas City N.A., North Kansas City,
Missouri, proposal to merge with Centerre Bank of
Liberty N.A., Liberty, Missouri; report to the Comptroller
of the Currency on competitive factors. 1/

St. Louis

Citizens Deposit Bank of Arlington, Inc., Arlington,
Kentucky, proposal to merge with CDB State Bank, Inc.,
Arlington, Kentucky; report to the Federal Deposit
Insurance Corporation on competitive factors. ]_/

St. Louis

First Western Bancshares, Inc., Booneville, Arkansas,
extension of time until November 12, 1984, within
which to become a bank holding company through the
acquisition of 100 percent of the voting shares of
Citizens Bank, Booneville, Arkansas. JJ

J

1
~

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




H.2, 1984 No. 38

- 4 ACTIONS OF THE BOARD - Continued

St. Louis

Fayette County Bank, St. Elmo, Illinois, to make an
additional investment in bank premises. 1_/

Kansas City

Goodland State Bank and Trust Company, Goodland, Kansas,
extension of time until January 5, 1985, in which to
establish a branch facility to be located at 2310 South
K-27, Goodland, Kansas. ]_/

Dallas

Bancshares, Inc., Houston, Texas, extension of time to
January 19, 1985, within which to consummate the
acquisition of North Belt National Bank, Harris County,
Texas, a proposed new bank. ]_/

San
Francisco

United Security Bank, Chewelah, Washington, proposed
acquisition of assets and assumption of liabilities
to pay deposits in the Pend Orielle Valley Branch of
First Interstate Bank, Seattle, Washington; report to
the Federal Deposit Insurance Corporation on competitive
factors 1 ]_/

San
Franci sco

Valley State Bank, Los Angeles, California, proposed
purchase of the Woodland Hills branch of Barclays Bank
of California, Los Angeles, California, under the title
and charter of the former; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/

San
Francisco

Citrus State Bank, Covina, California, proposed acquisition
of assets and assumption of liabilities of the Beaumont
branch of Lloyds Bank California, Los Angeles, California,
under the charter and title of the former; report to the
Federal Deposit Insurance Corporation on competitive
factors. J_/
Bank of Commerce, Rawlins, Wyoming, to make an additional
invest in bank premises. J_/

Atlanta

]J

Correction on H.2, No. 34 - should read as follows:
First Etowah Bancorp, Inc., Glencoe, Alabama, extension
of time until November 21, 1984, within which to become
a bank holding company through acquisition of First
Citizens Bank of Etowah, Glencoe, Alabama. 1/

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




H.2, 1984 No. 38

- 5 ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act

Richmond

Approved
Union Trust Company of Maryland, Baltimore, Maryland.
To establish a branch at the intersection of Honeygo
Boulevard and Beaconsfield Drive, Baltimore, Maryland.

y

Kansas City

United New Mexico Bank at Albuquerque, Albuquerque, New
Mexico. To establish an off-site electronic facility to
be located at the Administrative Building of Lovelace
Medical Center at 5400 Gibson, S.E., Albuquerque, New
Mexico. ]_/

San
Franci sco

Valley Bank of Nevada, Las Vegas, Nevada. To establish a
branch office to be located at Indian Springs, Clark
County, Nevada. y
* * * * *

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

Not Disapproved
Bay Rock Bancshares, Inc., Maiden Rock, Wisconsin. 1/

Dallas

Wisetex Bankshares, Inc., Rhome, Texas. 1/
* * * * *

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

Approved
Mercantile Bank of Florida, Naples, Florida. 1/
* * * * *

y

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




H.2, 1984 No. 38

- 6 ACTIONS OF THE BOARD - Continued

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), 4(c)(13) and
4(c)(l4) of the Bank Holding Company Act of 1956, as amended
Atlanta

Approved
Corpofin, C.A., Caracas, Venezuela; Corpofin, N.V.,
Curacao, Netherlands Antilles; and Eastern National Bank,
Hialeah, Florida, requests specific consent to invest in
Eastern Overseas Bank, George Town, Grand Cayman,
Cayman Islands.

Atlanta

Florida Park Banks, Inc., St. Petersburg, Florida, prior
notification of its intent to invest in 100 percent
of the shares of Park Services International, Inc., St.
Petersburg, Florida.

Chicago

Continental Illinois Holding Corporation, Chicago, Illinois,
request's consent to acquire Continental Illinois Bank
(Canada), Toronto, Canada; Continental International
Finance Corporation, Chicago, Illinois, Continental
Illinois Leasing Canada, Ltd., Toronto, Canada; and
Continental Bank International, Chicago, Illinois.
* * * * *

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

Returned
Dysart Bancshares, Inc., Dysart, Iowa, for approval to
acquire 81 percent or more of the voting shares of
Dysart State Bank, Dysart, Iowa.

Chicago

Hartwick Bancshares, Inc., Hartwick, Iowa, for approval
to acquire at least 70.6 percent of the voting shares
of Hartwick State Bank, Hartwick, Iowa.

Kansas City

The Banking Group Ltd., Castle Rock, Colorado, for
approval to acquire 100 percent of the voting shares
of The First National Bank of Castle Rock, Castle
Rock, Colorado, a proposed new bank.

1/

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




H.2, 1984 No. 38

- 7 ACTIONS OF THE BOARD - Continued

Dallas

Minneapolis

Minneapolis

Boston

Brazos Valley Bancshares, Inc., Bryan, Texas, for approval
to acquire at least 80 percent of the voting shares of
Western National Bank, Bryan, Texas.
Denied
Montana First Bancorporation, Helena, Montana, for approval
to acquire at least 99.7 percent of the voting shares
of First National Bank of Great Falls, Great Falls,
Montana and 100 percent of the voting shares of First
Golden Spike State Bank, Tremonton, Utah, a proposed
new bank.
Utah FBS Corporation, Salt Lake City, Utah, for approval
to acquire 100 percent of the voting shares of First
Golden Spike State Bank, Tremonton, Utah, a proposed
new bank.
Approved
BankVermont Corporation, Burlington, Vermont, for approval
to acquire 99.75 percent of the voting shares of Bank
of Vermont, Burlington, Vermont.

Boston

Camden National Corporation, Camden, Maine, for approval to
acquire 100 percent of the voting shares of Camden
National Bank, Camden, Maine.

Cleveland

Grant County Bancorp, Inc, Williamstown, Kentucky, for
approval to acquire 100 percent of the voting shares of
Grant County Deposit Bank, Williamstown, Kentucky. _]_/

Atlanta

Community Banks of Florida, Inc., Mims, Florida, for approval
to acquire at least 80 percent of the voting shares of
Community National Bank, Mims, Florida. ]_/

Atlanta

Farmers National Bancshares, Inc., Opelika, Alabama, for
approval to acquire 100 percent of the voting shares of
The Farmers National Bank of Opelika, Opelika, Alabama. _]_/

Atlanta

Georgia First Financial Corp., Calhoun, Georgia, for approval
to acquire 100 percent of the voting shares of the
successor by merger to The Calhoun First National Bank,
Calhoun, Georgia.

1/

Applicati n processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 38

- 8 ACTIONS OF THE BOARD - Continued

Atlanta

Holdco of Pinellas County, Inc., St. Petersburg, Florida, for
approval to acquire 100 percent of the voting shares of
First Bank Holding Company, Treasure Island, Florida and
indirectly 94.43 percent of First Bank of Pinellas County,
Treasure Island, Florida. ]_/

Atlanta

Liberty Shares, Inc., Hinesville, Georgia, for approval to
acquire 100 percent of the voting shares of The Hinesville
Bank, Hinesville, Georgia. ]_/

Atlanta

Prattville Financial Services Corporation, Prattville,
Alabama, for approval to acquire 100 percent of the voting
shares of Bank of Prattville, Prattville, Alabama. JJ

Chicago

Continental Illinois Holding Corporation, Chicago, Illinois,
for approval to acquire 100 percent of the voting shares
of Continental Illinois Corporation, Chicago, Illinois,
and indirectly acquire 100 percent (less directors'
qualifying shares) of Continental Illinois National Bank
and Trust Company of Chicago, Chicago, Illinois; Continental
Bank of Buffalo Grove, N.A., Buffalo Grove, Illinois; and
Continental Bank of Oakbrook Terrace, Oakbrook Terrace,
Illinois.

Minneapolis

FS Bancshares, Inc., Stetsonville, Wisconsin, for approval
to acquire at least 88.38 percent of the voting shares
or assets of Farmers State Bank, Stetsonville, Wisconsin. ]_/

Minneapolis

Lismore Financial Services, Inc., Lismore, Minnesota, for
approval to acquire 86.2 percent of the voting shares of
State Bank of Lismore, Lismore, Minnesota. _]_/

Dallas

Arlington Commonwealth Corporation, Arlington, Texas, for
approval to acquire 80 percent of the voting shares of
Commonwealth Bank of Arlington, Arlington, Texas. ]_/
* * * * *

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

1/

Withdrawn
Affiliated Bankshares of Colorado, Inc., Boulder, Colorado,
for approval to acquire IntraWest Financial Corporation,
Denver, Colorado.

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




H.2, 1984 No. 38

- 9 ACTIONS OF THE BOARD - Continued

Minneapolis

Cleveland

Denied
First Bank System, Inc., Minneapolis, Minnesota, for
approval to acquire 100 percent of the voting shares of
First Golden Spike State Bank, Tremonton, Utah, a
proposed new bank.
Approved
Citizens Bancshares, Inc., Salineville, Ohio, for approval
to acquire 100 percent of the voting shares of the Union
Commercial Savings Bank, East Palestine, Ohio. J_/

Cleveland

Commonwealth Trust Bancorp, Inc., Covington, Kentucky, for
approval to acquire at least 50.77 percent of the voting
shares of Peoples Deposit Bank, Burlington, Kentucky. 1_/

Chicago

Panhandle Aviation, Inc., Clarinda, Iowa, for approval to
acquire 100 percent of the voting shares of Oakland
State Bank, Oakland, Iowa, a proposed new bank. 1_/

Kansas City

International Bancshares, Inc., Gladstone, Missouri, for
approval to acquire 100 percent of the voting shares of
Drovers Mercantile Bank, St. Joseph, Missouri. J_/

Dallas

Broadway Bancshares Inc., San Antonio, Texas, for approval
to acquire 100 percent of the voting shares of Broadway
National Bank-WestPI ex, Bexar County, Texas, a proposed
new bank. 1/
★

★

*

*

★

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

J

1
“

Approved
Manchester Bancorp, Inc., Manchester, Kentucky, for approval
to acquire 100 percent of the voting shares of London
Bancshares, Inc., London, Kentucky, and indirectly London
Bank and Trust Company, London, Kentucky; Jessamine
Bancshares, Inc., Nicholasville, Kentucky, and indirectly
First National Bank and Trust Company, Nicholsvi1le,
Kentucky; and United Danville, Inc., Danville, Kentucky;
and indirectly Bank of Danville, Danville, Kentucky. 1_/

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




H.2, 1984 No. 38

- 10 ACTIONS OF THE BOARD - Continued

Atlanta

Trust Company of Georgia, Atlanta, Georgia, for approval
to acquire by merger 100 percent of the voting shares
of First Thomson Bancorp, Inc., Thomson, Georgia, and
indirectly First National Bank of Thomson, Thomson,
Georgia. ]_/
* * * * *

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

Approved
BankVermont Corporation, Burlington, Vermont, for approval
to retain Future Planning Associates, Inc., Burlington,
Vermont and to acquire Madison Group, Inc., Rutland,
Vermont.

Richmond

Maryland National Corporation, Baltimore, Maryland, for
approval to acquire Summit Industrial Bank, Lakewood,
Colorado. ]_/

Chicago

Continental Illinois Holding Corporation, Chicago, Illinois,
for approval to acquire Continental Illinois Commercial
Corporation and Continental Illinois Energy Development
Corporation; Continental Illinois Leasing Corporation;
Cl General Equipment Leasing Corporation; Cl Leasing
Corporation; Cl Transportation Leasing Corporation and
Republic Realty Mortgage Corporation, all of Chicago,
Illinois; Continental Illinois Trust Company of Florida,
N.A., Boca Raton, Florida; Continental Illinois Trust
Company of Sarasota, N.A., Sarasota, Florida; Continental
Illinois Corporation Financial Futures, Inc., Chicago,
Illinois; Continental Illinois Equity Corporation, Chicago,
Illinois; and Great Lakes Life Insurance Corporation,
Chicago, Illinois.

Kansas City

Community Bancshares of Tulsa, Inc., Tulsa, Oklahoma, for
approval to acquire 50.04 percent of the voting shares of
Southwest Pioneer Life Insurance Company, Tulsa, Oklahoma,
and indirectly engage in the sale and underwriting of
insurance that is directly related to extensions of
credit by Applicant's subsidiary, Community Bank & Trust
Company, Tulsa, Oklahoma. 1/

1_/ Application processed on behalf of the Board of Governors under
delegated authority.




H.2, 1984 No. 38

~

11

ACTIONS OF THE BOARD - Continued
Boston

Permitted
Old Stone Corporation, Providence, Rhode Island, notification
of intent to engage in de novo activities (in the underwriting of credit life and credit accident and health
insurance, written in connection with extensions of
credit by an affiliated bank holding company subsidiary,
UniMortgage Corporation) this activity would be conducted
in the State of Nevada, through its subsidiary, The
Motor Life Insurance Company (9/16/84) 3/

New York

The Chase Manhattan Corporation, New York, New York,
requests permission to engage de novo through its subsidiary, Chase Manhattan Futures Corporation, or through
any other of its existing subsidiaries or any subsidiary
yet to be formed, in acting as a futures commission
merchant engaging in the following activities (futures
commission merchant activities for nonaffiliatechpersons,
including the execution and clearance on major commodity
exchanges of futures contracts and options on futures
contracts for bullion, foreign exchange, government
securities, certificates of deposit and other money
market instruments that a bank may buy or sell in the
cash market for its own account) (9/18/84) 3/

Richmond

Jefferson Bankshares, Inc., Charlottesville, Virginia,
notification of intent to expand its activities
(making, acquiring and/or servicing of loans and
other extensions of credit for the account of Jefferson
Bankshares, Inc., its affiliates and/or others and
making real estate appraisals) through its subsidiary,
Jefferson Properties, Inc., throughout the United
States (9/18/84) 3/

Richmond

Jefferson Bankshares, Inc., Charlottesville, Virginia,
notification of intent to engage in de novo activities
(financial, banking and/or economic data processing
and data transmission services, facilities, data bases
and/or access to such services, facilities and/or data
bases) and expand its activities throughout the United
States, through a subsidiary to be known as Jefferson
Data Services, Inc. (9/18/84) 3/

Chicago

Firstbank of Illinois Co., Springfield, Illinois,
notification of intent to engage de novo in the
(reinsurance of credit life and credit accident and
health insurance) through its subsidiary, FIBANK
Credit Insurance Company (9/19/84) ZJ

37 4(c)(8) notification processed by Reserve Bank on behalf of the

—

Board of Governors under delegated authority.




H.2, 1984 No. 38

- 12 ACTIONS OF THE BOARD - Continued

Chicago

First Wisconsin Corporation, Milwaukee, Wisconsin,
notification of intent to engage (in providing securities
brokerage services and related securities credit activities
pursuant to the Federal Reserve Board's Regulation T,
and incidental activities such as offering custodial
services and individual retirement accounts) to include
the entire United States, through its subsidiary,
Elanco Investment Services, I.nc. (9/22/84) 3/

Chicago

Premier Financial Services, Inc., Freeport, Illinois,
notification of intent to establish a de novo office
(to engage in fiduciary, agency and custodial functions
and activities performed by a trust company) the
geographic area to be served will be the State of Illinois
through its subsidiary, Premier Trust Services, Inc.
(9/21/84) 3/

Kansas City

Centinel Bank Shares, Inc., Taos, New Mexico, notification
of intent to engage de novo in the sale of general
insurance in a community of less than 5,000 (9/19/84) 3/

Kansas City

Union Bancshares, Inc., Wichita, Kansas, notification of
intent to engage in de novo activities (in the activities
of a venture capital company by providing capital and
credit to new companies) these activities would be
performed in the State of Kansas, through its subsidiary,
UBI Growth Capital, Inc. (9/16/84) 3/

Kansas City

Union Bancshares, Inc., Wichita, Kansas, notification of
intent to engage in de novo activities (in the extension
of credit or acquisition of loans such as those made by
a consumer or commercial finance company) these activities
would be performed in the State of Kansas, through its
subsidiary, UBI Financial Services, Inc. (9/16/84) 3/

Dallas

Montwood Bancshares, Inc., El Paso, Texas, notification
of intent to engage in de novo activities (making and
servicing loans pursuant to Section 225.25(b)(1)
of Regulation Y; and intends to purchase loans which
may include land development and interim construction
loans, insured and conventional real estate loans
and secured and unsecured commercial and industrial
loans in the United States) (9/19/84) 3/

3/

4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.




H.2, 1984 No. 39

- 13 ACTIONS OF THE BOARD - Continued

Dal 1as

Texas Independent Bancshares, Inc., Hitchcock, Texas,
notification of intent to engage in de novo activities
(providing data processing services) in Galveston County,
Texas (9/21/84) 3/

San
Francisco

First Security Corporation, Salt Lake City, Utah,
notification of intent to engage (in the business
of lease financing [including finance leases and
leveraged leases for its own account and to be sold to
others] and the appraisal, brokering and advising with
respect to lease financing and leased equipment) these
activities would be conducted from an office at Market
Tower II, 3025 South Parker Road, Suite 811, Aurora,
Colorado, through its wholly owned subsidiary, First
Security Leasing Company (9/20/84) 3/
★★★★★

Redemption of Shares
Atlanta

1/
3/

M. B. Group, Inc., Marathon, Florida. V

Application processed on behalf of the Board of Governors under
delegated authority.
4(c)(8) notification processed by Reserve Bank on behalf of the
Board of Governors under delegated authority.




14 -

H.2, 1984 No. 38

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

Bank of Northumberland, Inc., Heathsville, Virginia. To
establish a branch at U.S. Route 360 and State Route 200,
Burgess, Virginia.^/

Atlanta

Trust Company Bank, Atlanta, Georgia. To establish a branch
located at 4373 Ashford Dunwoody Road, N.E., Atlanta,
Georgia. 2/

Atlanta

Plaza Bank of Miami, Miami, Florida. To establish a
branch located at 6193 Sunset Drive, South Miami,
Florida. 2/
*

*

*

*

★

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

Metropolitan Industrial Bank, Denver, Colorado.
* * * * *

Applications and Notifications for International Investments
and Other Actions Pursuant to Section 25 and 25(a) of the
Federal Reserve Act and Sections 4(c)(9), 4(c)(13) and
4(c)(14) of the Bank Holding Company Act of 1956, as amended
New York

Citibank Overseas Investment Corporation, Wilmington,
Delaware: prior notification of its intent to make an
additional investment, indirectly through Citibank Canada,
Toronto, Canada, in Citibank Leasing Canada Limited,
Burlington, Canada.

New York

Irving Trust Company, New York, New York, prior notification
of its intent to continue to hold the shares of its sub­
sidiary, Wing Hang Bank, Limited, Hong Kong after Limited
acquires all the shares of Banco Weng Hang, S.A.R.L.,
Macau.

2/

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 No. 38

- 15 APPLICATIONS RECEIVED - Continued

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

Woodstock Holding Company, Inc., Woodstock, Vermont,
for approval to acquire 100 percent of the voting shares
of The Woodstock National Bank, Woodstock, Vermont. 2/

New York

The International Commercial Bank of China, Taipei,
Taiwan, Republic of China, for approval to acquire at
least 93.328 percent of the voting shares of The Chinese
American Bank, New York, New York. 2/

New York

GHW Associates, Hackensack, New Jersey, for approval to
acquire at least 51 percent of the voting shares of First
County Bank of New Jersey, North Brunswick, New Jersey. 2/

New York

Inter Community Bancorp, Springfield, New Jersey, for
approval to acquire 100 percent of the voting shares of
Inter Community Bank, Springfield, New Jersey. 2/

New York

The Merchants Bancorp, Inc., Norwalk, Connecticut, for
approval to acquire 100 percent of the voting shares of
The Merchants Bank and Trust Company, Norwalk, Connecticut. 2/

Cleveland

First Paintsville Bancshares, Inc., Paintsville, Kentucky,
for approval to acquire at least 83 percent of the voting
shares of The First National Bank of Paintsville, Paints­
ville, Kentucky. 2/

Cleveland

Kingston Bancshares, Inc., Kingston, Ohio, for approval to
acquire at least 80 percent of the voting shares of
Kingston National Bank, Kingston, Ohio. 2/

Cleveland

Northern Kentucky Trust Corp., Inc., Alexandria, Kentucky,
for approval to acquire at least 80 percent of the voting
shares of Northern Kentucky Bank & Trust, Inc., Alexandria,
Kentucky. 2/

Atlanta

Cottonport Bancshares, Inc., Cottonport, Louisiana, for
approval to acquire at least 80 percent of the voting
shares of The Cottonport Bank, Cottonport, Louisiana.

Chicago

BW Bancshares, Inc., Warrensburg, Illinois, for approval
to acquire at least 81 percent of the voting shares of
Community Bank of Warrensburg, Warrensburg, Illinois. 2/

2/

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 No. 38

- 16 APPLICATIONS RECEIVED - Continued

Chicago

Evans Bancshares, Inc., Evansdale, Iowa, for approval to
acquire at least 97.82 percent of the voting shares of
First Security State Bank, Evansdale, Iowa. 2/

Chicago

First Winnebago Corporation, Winnebago, Illinois, for
approval to acquire 100 percent of the voting shares
of First National Bank of Winnebago, Winnebago, Illinois. 2/

Chicago

Wapello Bankshares, Inc., Wapello, Iowa, for approval to
acquire at least 80 percent of the voting shares of
State Bank of Wapello, Wapello, Iowa. 2/

St. Louis

First Sheridan Bancshares, Inc., Sheridan, Arkansas, for
approval to acquire at least 56 percent of the voting
shares of First National Bank of Sheridan, Sheridan,
Arkansas. 2/

St. Louis

First State Bancshares, Inc., Somerville, Tennessee, for
approval to acquire at least 80 percent of the voting
shares of First State Bank of Fayette County, Somerville,
Tennessee, 2/

St. Louis

Fort Knox Bancshares, Inc., Chillicothe, Missouri, for
approval to acquire at least 80 percent of the voting
shares of Investors Services, Inc., Fort Knox, Kentucky
and indirectly acquire 100 percent of Fort Knox National
Bank, Fort Knox, Kentucky.

St. Louis

Third Illinois Bancorp, Inc., Manchester, Missouri, for
approval to acquire at least 89.2 percent of the voting
shares of Lawrenceville National Bank & Trust Company,
Lawrenceville, Illinois. 2/

Minneapolis

Carlos Bancshares, Inc., Carlos, Minnesota, for approval
to acquire 100 percent of the voting shares of First
State Bank of Carlos, Carlos, Minnesota.

Kansas City

Minnequa Bancorp, Inc., Pueblo, Colorado, for approval
to acquire at least 80 percent of the voting shares of
Minnequa Bank, Pueblo, Colorado, Pueblo, Colorado. 2/

Kansas City

Parsons Bancshares, Inc., Parson, Kansas, for approval to
acquire at least 80 percent of the voting shares of The
State Bank of Parsons, Parsons, Kansas. 2/

2/

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as tot he length of the comment period.




H.2, 1984 No. 38

- 17 APPLICATIONS RECEIVED - Continued

Kansas City

Waterville Bancshares, Inc., Waterville, Kansas, for
for approval to acquire 100 percent of the voting shares
of The Citizens State Bank of Waterville, Waterville,
Kansas. 2/

Dallas

Capital bank Corporation, San Antonio, Texas, for approval
to acquire 100 percent of the voting shares of First
City Bank-Central Park, San Antonio, Texas. 2/

Dallas

Congress National Bancshares, Inc., Austin, Texas, for
approval to acquire 100 percent of the voting shares
of Congress National Bank, Austin, Texas. 2/

Dallas

Equitable Bancshares, Inc., Dallas, Texas, for approval to
acquire 100 percent of the voting shares of Equitable
Bank, Dallas, Texas. 2/

Dallas

Hodge Bancshares, Inc., Hodge, Louisiana, for approval to
acquire at least 80 percent of the voting shares of
Hodge Bank & Trust Company, Hodge, Louisiana. 2/

Dallas

Houston Bancorporation, Inc., Lake Jackson, Texas, for approval
to acquire at least 80 percent of the voting shares of
Citizens National Bank, Houston, Texas. 2/

Dallas

Houston City Bancshares, Inc., Houston, Texas, for approval
to acquire at least 80 percent of the voting shares of
Citizens National Bank-West, Houston, Texas. 2/

Dallas

Morton Financial Corporation, Morton, Texas, for approval
to acquire at least 80 percent of the voting shares of
Morton Bancshares, Inc., Morton, Texas and indirectly
First State Bank, Morton, Texas. 2/

Dallas

O'Donnell Bancshares, Inc., O'Donnell, Texas, for approval
to acquire at least 92 percent of the voting shares of
The First National Bank of O'Donnell, O'Donnell, Texas. 2J
* * * * *

2/ Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 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
Cleveland

Wesbanco, Inc., Wheeling, West Virginia, for approval to
acquire 100 percent of the voting shares of First-Tyler
Bank & Trust Co., Sisterville, West Virginia. 2/

Atlanta

Bartow Bancshares, Inc., Cartersville, Georgia, for approval
to acquire 100 percent of the voting shares of CBA Bancshares,
Inc., Americus, Georgia, and indirectly Citizens Bank of
Americus, Americus, Georgia.

Atlanta

SouthTrust Corporation, Birmingham, Alabama, for approval
to acquire at least 80 percent of the voting shares of The
First National Bancorp of the South, Opp, Alabama.

Chicago

First Evergreen Corporation, Evergreen Park, Illinois, for
approval to acquire 100 percent of the voting shares of
Clear Bancorp, Inc., Chicago, Illinois, and indirectly
Clearing Bank, Chicago, Illinois, j?/

Chicago

First Mid-Illinois Bancshares, Inc., Mattoon, Illinois,
for approval to acquire 100 percent of the voting shares
of State Bank of Sullivan, Sullivan, Illinois. 2/

Chicago

Panhandle Aviation, Inc., Clarinda, Iowa, for approval to
acquire 100 percent of the voting shares of Oakland State
Bank, Oakland, Iowa, a proposed new bank. 2/

Chicago

Summcorp, Fort Wayne, Indiana, for approval to acquire 100
percent of the voting shares of Decatur Financial, Inc.,
Decatur, Indiana. 2/

Dallas

Huntington Bancshares, Inc., Huntington, Texas, for approval
to acquire at least 72 percent of the voting shares of
Eastex Bancshares, Inc., Lufkin, Texas and indirectly
Angelina National Bank, Lufkin, Texas. 2/

San
Francisco

Midland Bank pic, London, England, for approval to retain
20,125 shares of voting stock of European American Ban­
corp, New York, New York and indirectly European
American Bank and Trust Company, New York, New York.

2/

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




- 19 -

H.2, 1984 No. 38

APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Atlanta

Hibernia Corporation, New Orleans, Louisiana, for approval
to merge with Metro Shares, Inc., Metairie, Louisiana,
and indirectly acquire First Metropolitan Bank, Metaire,
Louisiana. 2/

St. Louis

Boatmen's Bancshares, Inc., St. Louis, Missouri, for approval
to merge with CharterCorp, Kansas City, Missouri and
indirectly acquire First National Bank of Kansas City,
Kansas City; CharterBank of St. Louis, N.A., St. Louis;
CharterBank Webster Groves Trust Company, Webster Groves;
CharterBank of Jennings, Jennings; CharterBank of Carthage,
Carthage; CharterBank of Ward Parkway, N.A., Kansas City;
CharterBank Springfield, N.A., Springfield; CharterBank
Lee's Summit, Lee's Summit; CharterBank Aurora, Aurora;
CharterBank of Overland, Overland; CharterBank Cassville
N.A., Cassville; Charterbank Butler, Butler; Livestock
National Bank of Kansas City, Kansas City; Charterbank
Independence, Independence; Charterbank Marshall, Marshall;
Charterbank DeSota, DeSoto; Charterbank Belton, Belton;
Charterbank Lebanon, N.A., Lebanon; Charterbank of
Ladue, Ladue; Charterbank Clinton, Clinton; Charterbank
Excelsior Springs, Excelsior Springs; Charterbank
Lexington, Lexington; Charterbank Boonville, N.A.,
Boonville; Charterbank Richmond, N.A., Richmond; Charterbank Lockwood, Lockwood; Charterbank Nevada, Nevada;
Charterbank Raytown, Raytown, all in Missouri. 2/
★

*

*

*

★

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

2/

Chase Manhattan Corporation, New York, New York,
notification of intent to engage in de novo activities
(in performing functions or activities that may be per
formed by a trust company [including activities of a
fiduciary, agency or custodial nature], in the manner
authorized by Federal or state law; and including the
making of loans and investments and the taking of
deposits which are limited to those loans, investments
and deposits permitted by Section 225.25(b)(3) of

Application subject to Community Reinvestment Act. The Community
Affairs Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




H.2, 1984 No. 38

- 20 APPLICATIONS RECEIVED - Continued
Regulation Y) these activities will be conducted from
an office at Embarcadero Center, San Francisco, Cali­
fornia, through its subsidiary, The Chase Manhattan
Trust Company of California, National Association
(9/4/84)

Philadelphia

Bank of Delaware Corporation, Wilmington, Delaware,
notification of intent to engage in de novo activities
(underwriting, as reinsurer, credit life and credit
disability insurance which is directly related to
extensions of credit by the credit extending affiliates of
Bank of Delaware Corporation) this activity would be
conducted at offices at the following location: 1421
East Thomas Road, Phoenix, Arizona, though its sub­
sidiary, Christina Life Insurance Company (9/14/84)

Chicago

Manufacturers National Corporation, Detroit, Michigan,
notification of intent to expand the activities of
(automobile leasing activities) the geographic scope will
include the entire United States, through its subsidiary,
Manucor Leasing, Inc. (9/17/84)

St. Louis

Boatmen's Bancshares, Inc., St. Louis, Missouri, for approval
to acquire Charter Bankers Life Insurance Company, Kansas
City, Missouri.

Kansas City

Central of Kansas, Inc., Junction City, Kansas, for approval
to acquire Central Computer Services, Inc., Junction
City, Kansas.

Kansas City

Gaylord Bankshares, Inc., Gaylord, Kansas, for approval to
acquire Valley Insurance Agency, Gaylord, Kansas.

Kansas City

United Missouri Bancshares, Inc., Kansas City, Missouri,
notification of intent to engage in de novo activities
(making, acquiring or servicing loans or other extensions
of credit [including issuing letters of credit and
accepting drafts] for the company's account or for the
account of others) these activities will be conducted
throughout the U.S. (9/17/84)

San
Francisco

Bancorp Hawaii, Honolulu, Hawaii, notification of intent
to engage in de novo activities (underwriting as a
reinsurer the credit life insurance sold by Bank of
Hawaii, which is a wholly-owned subsidiary of Bancorp
Hawaii, Inc., in conjunction with its short-term con­
sumer lending activities) these activities will be
conducted from an office at 1415 North First Street,




- 21 -

H.2, 1984 No. 38

APPLICATIONS RECEIVED - Continued
Phoenix, Arizona, and will serve the Bank's retail
customers in the islands of American Samoa, Koror,
Kwajalein, Ponape and Yap, through its subsidiary,
Bancorp Life Insurance Company of Hawaii, Inc.
(9/10/84)
San
Franci sco

First Interstate Bancorp, Los Angeles, California, for
approval to acquire 100 percent of the outstanding
shares of Republic Realty Mortgage Corporation, Chicago,
II1 inois.

San
Francisco

Midland Bank, Pic, London, England, notification of intent to
engage in de novo activities (making, acquiring, or servicing
loans or other extensions of credit for its own account or
for the account of others, including but not limited to
the businesses of commercial finance, factoring and asset
based financing, and including the secured and unsecured
financing of trade, commodity and construction activities,
domestically, abroad and in international commerce, through
the issuance of letters of credit, acceptance of notes
and drafts and otherwise) these activities will be con­
ducted worldwide with emphasis on the Western Hemisphere,
through its subsidiary, Midland International Trade
Services (USA) Corporation (8/23/84)




* * * * *

REPORTS RECEIVED
None.
* * * * *

PETITIONS FOR RULEMAKING
None.