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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1989, No. 38
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Wee k Ending September 23, 1989.
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
National City Corporation, Cleveland, Ohio — to
acquire Crestwood Banking Company, Ltd., Crestwood,
Kentucky, and Crestwood State Bank.
Approved, September 18, 1989.
Security Pacific Corporation, Los Angeles,
California, and SPC/CBSI Acquisition, Inc. — to
acquire Southwest Bancorp, Vista, California, and
Southwest B a n k .
Approved, September 18, 1989.
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; GC - General Counsel; IF - International Finance; OSDM - Office
of Staff Director for Management
BANK BRANCHES, DOMESTIC
Atlanta
Bank of Adairsville, Adairsville, Georgia — to
establish a new main office at 7400 Highway 140.
Approved, September 18, 1989.
Kansas City
Bank of Cushing and Trust Company, Cushing, Oklahoma
— to establish an automated teller machine in
Drumright, Oklahoma.
Approved, September 21, 1989.
Philadelphia
Farmers Trust Company of Lebanon, Pa., Lebanon,
Pennsylvania — to establish a branch in the North
Londerry Square Shopping Center, Route 422,
Palmyra; and in the Cedar Credit Square Shopping
Center, Route 72, North Cornwall Township,
Pennsylvania.
Approved, September 20, 1989.
Cleveland
Fifth Third Bank, Cincinnati, Ohio — to establish a
customer-bank communication terminal branch at
201 East Pete Rose Way, Riverfront Stadium.
Approved, September 19, 1989.
Philadelphia
Meridian Bank, Reading, Pennsylvania — to establish
a branch at the Buckingham Green Shopping Center,
U.S. Route 202, Buckingham, Pennsylvania.
Approved, September 20, 1989.
H .2
SEPTEMBER 17, 1989
PAGE 2
TO
SEPTEMBER 22, 1989
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
S t . Louis
Bainum Bancorp II, Murfreesboro, Arkansas —
acquire Pike County Bank.
Approved, September 21, 1989.
Cleveland
Banc One Corporation, Columbus, Ohio — to acquire
We a v e r Bros., Inc., Chevy Chase, Maryland.
Approved, September 22, 1989.
Atlanta
Citrus Financial Services Corporation, Vero Beach,
Florida — to acquire Citrus Bank, National
Association.
Approved, September 21, 1989.
Kansas City
Crosswhite Bankshares, Inc., Denver, Colorado —
acquire Rocky Ford National Bank, Rocky Ford,
Colorado.
Approved, September 20, 1989.
Atlanta
Fayette County Bancshares, Inc., Peachtree City,
Georgia — to acquire Fayette County Bank.
Approved, September 19, 1989.
S t . Louis
FDH Bancshares, Inc., Little Rock, Arkansas — to
acquire First State Bank of Fordyce, Fordyce,
Arkansas, and Citizens First State Bank,
Arkadelphia, Arkansas.
Approved, September 20, 1989.
Cleveland
Fifth Third Bancorp, Cincinnati, Ohio — to acquire
the National Ban k and Trust Company of Paris,
Par i s , K e n t u c k y .
Approved, September 18, 1989.
Chicago
FM Bancorp, Inc., Paxton, Illinois, and Premier
Bancorp, Inc., Farmer City, Illinois — to acquire
M e l v i n State Bank, Melvin, Illinois.
Approved, September 20, 1989.
Chicago
G r e e n w o o d Ts Bancorporation, Inc., Lake Mills,
W i s c o n s i n — to engage de novo in insurance
acti v i t i e s through G r e e n w o o d Ts Financial Services,
Inc.
Returned, September 19, 1989.
to
to
H.2
SEPTEMBER 17, 1989
PAGE 3
TO
SEPTEMBER 22, 1989
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis
Henderson Bancorporation, Inc., Henderson, Minnesota
— to acquire Citizens, Inc., Winsted, Minnesota.
Approved, September 20, 1989.
Chicago
HTB, Inc., Osage, Iowa — to acquire The Home Trust
and Savings Bank.
Approved, September 18, 1989.
Chicago
Huron National Bancorp, Inc., Rogers City, Michigan
— to acquire H u ron National Bank.
Approved, September 19, 1989.
Cleveland
Indebancorp, Oak Harbor, Ohio —
National B a n k of Oak Harbor.
Approved, September 18, 1989.
Dallas
Interstate Bancshares, Inc., Houston, Texas —
acquire Interstate B a n k North.
Approved, September 19, 1989.
S t . Louis
JSB Bancorp, Jasper, Indiana —
State Bank.
Approved, September 18, 1989.
S t . Louis
Liberty National Bancorp, Inc., Louisville, Kentu c k y
— to acquire Florence Deposit Bank, Florence,
Kentucky.
Approved, September 19, 1989.
Dallas
Lubbock National Bancshares, Inc., Lubbock, Texas —
to acquire L u b bock National Bank.
Approved, S e ptember 18, 1989.
Chicago
Marine Corporation, Springfield, Illinois — to
acquire Central Financial Group, Inc., Monticello,
Illinois, and the National B a n k of Monticello, and
DeL and State Bank, DeLand, Illinois.
Approved, Septe m b e r 19, 1989.
Chicago
Merchants National Corporation, Indianapolis, Indiana
— to acquire First National Bankshares, Inc.,
Logansport, Indiana, and The First National B a n k of
Logansport.
Approved, Sep t e m b e r 20, 1989.
to acquire The
to
to acquire Jasper
H.2
SEPTEMBER 17, 1989
PAGE 4
TO
SEPTEMBER 22, 1989
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Northern Trust Corporation* Chicago* Illinois —
acquire the Partnership interest of Berry*
Hartell & Evers* San Francisco* California.
Permitted* September 22* 1989.
Boston
Ocean State Bancshares Corporation* Middleton* Rhode
Island — to acquire Ocean State National Bank.
Approved* September 22* 1989.
Kansas City
Omnibancorp* Denver* Colorado —
Denver.
Approved* September 20* 1989.
Kansas City
South Holt Bancshares* Inc.* Oregon* Missouri —
acquire Zook and Roecker State Bank* Oregon*
Missouri.
Approved* September 22* 1989.
S t . Louis
Union Planters Corporation* Memphis* Tennessee — to
acquire Citizens B a n k & Trust Company* Wartburg*
Tennessee.
Approved* September 22* 1989.
S t . Louis
U n i o n Planters Corporation* Memphis* Tennessee — to
acquire GulfNet* Inc.* Mandeville* Louisiana* and
engage in the operation and management of an
automated teller machine and electronic funds
transfer interchange network.
Permitted* September 22* 1989.
S t « Louis
Un i o n Planters Corporation* Memphis* Tennessee* and
U n i t e d Southern Corporation* Clarksdale*
M i s s i s s i p p i — to merge with National Commerce
Corporation* New Albany* Mississippi.
Approved* September 22* 1989.
to
to acquire Omn ibank
to
H.2
SEPTEMBER 17, 1989
PAGE 5
TO
SEPTEMBER 22, 1989
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK MERGERS
Chicago
Comerica Bank - Detroit, Detroit, Michigan — to
merge with Dearborn B a n k and Trust Company.
Approved, September 21, 1989.
BANK PREMISES
Cleveland
Fifth Third Bank, Cincinnati, Ohio —
ban k premises.
Approved, September 19, 1989.
investment in
BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS
Staff Director
BS& R
Mid - A m erica Bank of Louisville and Trust Company,
Louisville, Kentucky — transfer agent
registration.
Approved, September 18, 1989.
CAPITAL STOCK
Minneapolis
First Amer i c a n Bancshares of B l o oming Prairie, Inc.,
Eagan, Minnesota — r e d e mption of shares.
Approved, September 20, 1989.
CHANGE IN BANK CONTROL
Cleveland
Citizens Savings Bank Company, Pemberville, Ohio —
change in b a n k c o n t r o l .
Permitted, September 22, 1989.
Kansas City
Equality Bankshares, Cheyenne, Wyom i n g —
ba n k c o n t r o l .
Permitted, September 19, 1989.
Minneapolis
First A m e r i c a n Bancshares of B l ooming Prairie, Inc.,
Eagan, Minnesota — change in b a n k control.
Permitted, September 20, 1989.
Minne a p o l i s
Hende r s o n Bancorporation, Inc., Henderson, Minnesota
— change in ban k control.
Permitted, September 20, 1989.
Kansas City
NBM Corporation, McAlester, Okla h o m a —
bank control.
Permitted, September 22, 1989.
change in
change in
H.2
SEPTEMBER 17, 1989
PAGE 6
TO
SEPTEMBER 22, 1989
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Dallas
Amer i c a n National Bank* Bay City, Texas, proposed
merger with Angleton Bank of C o m m e r c e , Angleton;
B a n k of Karnes County, Runge; Citizens State Bank
of Bastrop, Bastrop; Farmers State Bank & Trust
Company, Cuero; First National B a n k of
Hallettsville, Hallettsville; Home State Bank,
Westoff; Kingsville B a n k and Trust Co., N.A.;
Kingsville; Smiley State Bank, Smiley; First
National Bank of Nordheim, Nordheim; First National
B a n k of Schulenburg, Schulenburg; First State Bank
of Taft, Taft; Nolte National Ban k of Seguin,
Seguin, and First National B a n k of Gonzales,
Gonzales, Texas — report on competitive factors.
Submitted, September 19, 1989.
Atlanta
Bank of Pensacola, Pensacola, Florida, proposed
merger with Pensacola Interim B a n k — report on
compet it ive f a c t o r s .
Submitted, September 19, 1989.
Dallas
Community National Bank, Austin, Texas, proposed
merger with First State Ba n k — report on
compet it ive f a c t o r s .
Submitted, September 18, 1989.
New Y o r k
Dollar Dry Dock Bank, White Plains, New York,
p r o posed acquisition of certain assets and
assumption of certain deposit liabilities of a
branch of Columbia Federal Savings Bank, 112 West
72nd Street, New York, New Y o r k — report on
compet it ive f a c t o r s .
Submitted, September 20, 1989.
Dallas
Fairfield State Bank, Fairfield, Texas — proposed
merger with Centerville State B a n k — report on
compet it ive f a c t o r s .
Submitted, September 18, 1989.
Dallas
First National Bank, Boeroe, Texas, and Fair Oaks
National Bank, proposed merger with The Frost
National Bank of San Antonio, San Antonio, Texas ~
report on competitive factors.
Submitted, September 20, 1989.
H.2
SEPTEMBER 17, 1989
PAGE 7
TO
SEPTEMBER 22, 1989
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Minneapolis
First National Ban k in Bozeman, Bozeman, Montana;
First Ban k (N.A.) - Butte, Butte; The First
National Bank of Great Falls, Great Falls; First
Westside National B a n k of Great Falls; The First
National B a n k in Havre, Havre; First National Bank
and Trust Company of Helena, Helena; First National
Bank in Miles City, Miles City; First Bank (N.A.) Southside Missoula, Missoula; First Bank (N.A.) Western Montana Missoula; and First Bank West
Billings, Billings, prop o s e d merger with First Bank
(N.A.) - Billings, Billings, M o ntana — report on
compet itive f a c t o r s .
Submitted, September 22, 1989.
Chicago
First State Bank of Cast Detroit, East Detroit,
Michigan, proposed merger with Macomb County Bank,
Richmond, Michigan — report on competitive
factors.
Submitted, September 21, 1989.
Cleveland
Guaranty Deposit Bank, Cumberland, Kentucky, proposed
merger with The Har l a n National Bank, Harlan,
Kentucky — report on competitive factors.
Submitted, September 18, 1989.
Dallas
New Braun f e l s National Bank, New Braunfels, Texas,
proposed merger with Cibolo State Bank, Cibolo;
First National Ban k in Pleasanton, Pleasanton;
First State B a n k of Poteet, Poteet; and Hays County
National Bank, San Marcos, Texas — report on
compet it ive f a c t o r s .
Submitted, September 19, 1989.
Dallas
New First State Bank, Austin, Texas, proposed merger
with First State B a n k — report on competitive
factors.
Submitted, September 18, 1989.
Cleveland
Oak Hill Bank, Oak Hill, Ohio, p r oposed merger with
Miami V a l l e y B a n k of Southwest Ohio, Franklin, Ohio
— report on compe t i t i v e factors.
Submitted, September 21, 1989.
H.2
SEPTEMBER 17, 1989
PAGE 8
TO
SEPTEMBER 22, 1989
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Chicago
Summit Bank of Indianapolis* Indianapolis* Indiana*
proposed merger with Summit Bank of Johnson County*
Edinburgh* Indiana* and Summit B a n k of Hamilton
County* Sheridan* Indiana — report on competitive
factors.
Submitted* September 21* 1989.
Dallas
Texas Am e r i c a n Bridge Bank* N.A.* Fort Worth* Texas*
p r oposed merger with Deposit Guaranty Bank* Dallas*
Texas — report on competitive factors.
Submitted* September 18* 1989.
Philadelphia
Wayne National Bank* Wayne* Pennsylvania* proposed
merger with National Ban k of the Main Line —
report on competitive factors.
Submitted* September 20* 1989.
EXTENSIONS OF TIME
San Francisco
Bank A m e r i c a Corporation* San Francisco* California
— extension to divest c e r tain property.
Granted* September 18* 1989.
R i c hmond
First Commercial Hol d i n g Corporation* Asheville*
Nor t h Carolina — e x tension to December 26, 1989*
to acquire First Commercial Bank.
Granted* September 20* 1989.
San Francisco
First Interstate Bancorp* Los Angeles* California —
extensions to divest cer t a i n properties.
Granted* September 19* 1989.
San Francisco
First Interstate Bancorp* Los Angeles* California —
extensions to divest c e r t a i n properties.
Granted* September 22* 1989.
San Francisco
Golden Gate Bancorp* San Francisco* California —
extension to December 23* 1989* to acquire Golden
Gate Bank.
Granted* September 22* 1989.
San Francisco
Puget Sound Bancorp* Tacoma* W a s h i n g t o n —
to divest cert a i n properties.
Granted* S e p tember 19* 1989.
extensions
H.2
SEPTEMBER 1 7
PAGE 9
,1989
TO
SEPTEMBER 22, 1989
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Chicago
Thurman State Corporation, Lincoln, Nebraska —
extension to November 18, 1989, to engage de novo
in underwriting credit related insurance.
Granted, September 19, 1989.
San Francisco
Wells Fargo & Company, San Francisco, California —
extension to divest certain property.
Granted, September 19, 1989.
INTERNATIONAL OPERATIONS
Sta f f Director
BS&R
Chemical International Finance, Ltd., New York, New
Y o r k — to retain indirect investment in Chemical
Securities Limited, London, England.
Permitted, September 22, 1989.
Boston
State Street Bank and Trust Company, Boston,
M a ssachusetts — to e s tablish a branch in Tokyo,
Japan.
Approved, September 17, 1989.
Kansas City
Om n i b a n k Denver, Denver, Colorado — to become a
member of the Federal Reserve System.
Approved, September 20, 1989.
MEMBERSHIP
RESERVE BANK OPERATIONS
Directory FRBO
Federal Reserve Ba n k of A t l a n t a — to lease and to
purchase direct access storage devices in 1989 and
1990, respect i v e l y .
Approved, September 22, 1989.
Director, FRBO
Federal Reserve Ba n k of C l e v e l a n d — to purchase a
new u n i n t e r r u p t i b l e power supply (UPS) system.
Approved, September 19, 1989.
H.2
ADDITIONS AND CORRECTIONS
SEPTEMBER 17, 1989
PAGE 10
TO
SEPTEMBER 22, 1989
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
First State Bancorp, Inc., H a rwood Heights, Illinois
— to establish Parkway Ban k of Schaumburg,
Schaumburg, Illinois.
Approved, September 15, 1989.
COMPETITIVE FACTORS REPORTS
Boston
United Savings Bank, Manchester, New Hampshire,
proposed merger wit h The S a v e r Ts Bank, Littleton;
Dartmouth Ban k i n g Center, Hanover; and Belknap B a n k
& Trust, Belmont, New H a m pshire — report on
competitive factors.
Submitted, September 15, 1989.
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Comment Period Ending Date
Application
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Comment Period Ending Date
NONE
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Comment Period Ending Date
NONE
♦Subject to CRA
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
_____________Notice Only__________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Siggi B. Wilzig, Clifton, New Jersey to increase his
interest in The Trustcompany Bancorporation, Jersey
City, New Jersey to 14.6%. 1/
N/A
United Bank Corporation of New York, Downsville, New
York to acquire The First National Bank of Lisbon,
Lisbon, New York.l/
9/27/89 2/
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Canadian Imperial Bank of Commerce, Toronto, Canada
to engage through its subsidiary, Wood Gundy Corp.,
in the private placement of debt and equity securities.
9/29/89
PKbariken, Stockholm, Sweden to acquire Independent
Finance, Inc., Bellevue, Washington and thereby to
engage in commercial and mortgage lending and leasing
real and personal property.
10/6/89
The Royal Bank of Canada, Toronto, Canada to engage
through its subsidiary, RBC Dominion Securities Corp.,
in acting as issuer's agent in the placement of debt
and equity securities.
10/13/89
SECTION IV
Applications Not Involving
______ Public Comment______
Irving Trust International Bank, Miami, Florida ("ITIB")
and Irving International Financing Corporation, New York,
New York, to amend their respective Articles of Association
and ITIB to hold the stock of The Bank of New York
International, Inc., Miami, Florida.
1/
2/
3/
Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
N/A - Not Available
FEDERAL
RESERVE BANK OF
PHILADELPHIA
Week Ending 9/22/89
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
Constitution Bank, Philadelphia, PA to become _1/
a Bank Holding Company by acquiring Constitution
Bank, Philadelphia, PA, pursuant to Section 3(a)(1)
of the Bank Holding Company Act.
Newspaper:
Federal Register:
10/9/89
*N/A
1/
Peoples Bancorp, Inc., Lebanon, PA to become a
bank holding company by acquiring The Peoples
National Bank of Lebanon, Lebanon, PA, pursuant
to Section 3(a)(1) of the Bank Holding Company Act.
Newspaper:
Federal Register:
10/21/89
*N/A
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None.
1/
Subject to provisions of Community Reinvestment Act.
*N/A - not yet available.
Applications Bulletin
F o r W e e k E n d i n g S e p t e m b e r 23,
1989
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NONE
S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H
N E W S P A P E R AN D FEDERAL R E G I S T E R N O T I CE
APPLICATION
COMMENT PERIOD ENDING
Received Section 3(a)(1) application on
* N - O c t o b e r 6, 1 9 8 9
A u g u s t 30, 198 9 f r o m I n t e r c o u n t y B a n c s h a r e s ,
Inc., E m p l o y e e S t o c k O w n e r s h i p Plan,
W i l m i n g t o n , Ohio, o f i t s i n t e n t to a c q u i r e
t w e n t y - f i v e p e r c e n t o f t h e v o t i n g s h a r e s of
I n t e r c o u n t y B a n c s h a r e s , Inc., W i l m i n g t o n , Ohio.
R e c e i v e d S e c t i o n 18(c) A p p l i c a t i o n o n
* N - O c t o b e r 13, 1 9 8 9
S e p t e m b e r 7, 1989 f r o m T h e H e a r t l a n d Bank,
C r o t o n , Ohio, to a c q u i r e T h e L y n d o n G u a r a n t y
B a n k o f Ohio, C o l u m b u s , Ohio.
R e c e i v e d Not i c e of C h a n g e in B a n k Cont r o l
o n S e p t e m b e r 19, 198 9 f r o m J a c k A. C o b l e n t z
and C a r o l e A. C o b l e n t z , N e w M a d i s o n , Ohio,
of t h e i r i n t e n t to r e t a i n u p to 3 1 . 5 1 0
p e r cent of the v o t i n g shares o u t s t a n d i n g
of F S B F i n a n c i a l Corp, N e w M a d i s o n , Ohio.
R e c e i v e d S e c t i o n 3(a)(3) a p p l i c a t i o n on
S e p t e m b e r 21, 198 9 f r o m H u n t i n g t o n
Bancshares Incorporated and Huntington
B a n c s h a r e s M i c h i g a n , Inc., b o t h of
C o l u m b u s , Ohio, to a c q u i r e F i r s t M a c o m b
B a n c o r p , Inc., M o u n t C l e m e n s , M i c h i g a n .
*
#
N
F
-
N - O c t o b e r 10, 1989
* N - O c t o b e r 23,
Subj e c t to C R A
E x p e c t e d to end a p p r o x i m a t e l y 30 da y s from the da t e of r eceipt
Newspaper Comment Period
Federal Register Comment Period
Applications Bulletin
F o r W e e k E n d i n g S e p t e m b e r 23,
1989
S E C T I O N IV - A P P L I C A T I O N S S U B J E C T T O F E D E R A L R E G I S T E R
NOTICE ONLY
R e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n on
Not Yet Known #
S e p t e m b e r 19, 1989 f r o m G e n B a n c , Inc.,
G e noa, Ohio, to e n g a g e de n o v o in
software sales and support and EDP
c o n s u l t i n g p u r s u a n t to S e c t i o n s 2 2 5 . 2 5 ( b ) ( 7 )
a n d 2 2 5 . 2 5 ( b ) (11) of R e g u l a t i o n Y.
S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T T O F E D E R A L R E G IS T E R
N OTICE OR NEWSPAPER NOTICE
NONE*
*
#
N
F
-
S u b j e c t to C R A
E x p e c t e d to e n d a p p r o x i m a t e l y 3 0 d a y s f r o m t h e d a t e of r e c e i p t
Newspaper Comment Period
Federal Register Comment Period
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
None
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
New East Bancorp, Raleigh, North Carolina,
for prior approval to acquire 100% of the
voting shares of New East Bank of Elizabeth
City, Elizabeth City, North Carolina, a de
novo bank.*
9-26-89
MNC Financial, Inc., Baltimore, Maryland,
for prior approval to merge with Equitable
Bancorporation, Baltimore, Maryland.*
10-18-89
Section III - Applications Subject to Federal Register Notice
Application
New East Bancorp, Raleigh, North Carolina,
to engage de novo in making, acquiring,
and servicing loans or other extensions
of credit (including issuing letters of
credit and accepting drafts) for the accounts
of New East Bancorp or for the account of
others, such as would be made by consumer
finance, credit card, mortgage, commercial
finance and factoring companies. The activities
will be conducted in the State of North Carolina.
*Application is subject to CRA.
Comment Period Ending Date
Not Yet Available *
Federal Reserve Bank of Richmond
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
MNC Financial, Inc., Baltimore, Maryland,
to increase its aggregate direct and
indirect ownership from 9.03% to 13.55% of
Internet, Inc., Reston, Virginia. Company is
primarily involved in providing data processing
switching services for automated teller machine
and point of sale networks, and additionally
provides and maintains data processing software
to banks and other financial institutions for
the operation of this hardware, and maintains
ATM and POS data bases for some banks and
financial institutions. The activities will be
conducted nationwide.
Not Yet Available
MNC Financial, Inc., Baltimore, Maryland, to
engage in making, acquiring, and servicing
mortgage loans for its own account and the
account of others through the acquisition of
E.B. Mortgage Corporation, Towson, Maryland.
The activities will be conducted nationwide.
Not Yet Available
MNC Financial, Inc., Baltimore, Maryland, to
engage in underwriting, as a reinsurer, of
credit life, accident and health insurance and
involuntary unemployment insurance in connection
with extensions of credit by Equitable
Bancorporation's subsidiaries, including Equitable
Bank, N.A. , Equitable Bank of Delaware, and E.B.
Mortgage Corporation through the acquisition of
Equiban Life Insurance Company, Baltimore,
Maryland. The activities will be conducted
nationwide.
Not Yet Available
MNC Financial, Inc., Baltimore, Maryland, to
act as an agent or broker for the sale of credit
life, accident and health insurance solely in
connection with extensions of credit by Equitable
Bancorporation's subsidiaries, including Equitable
Bank, N.A. , Equitable Bank of Delaware, and E.B.
Mortgage Corporation, through the acquisition of
Fayette Insurance Corporation, Baltimore,
Maryland. The activities will be conducted
nationwide.
Not Yet Available
Federal Reserve Bank of Richmond
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
MNC Financial, Inc., Baltimore, Maryland,
to engage in making, acquiring and servicing
first, second and third lien position mortgage
loans for its own account and the accounts of
others; making, acquiring and servicing secured
and unsecured loans, conditional sales contracts
and other extensions of credit to individuals
for personal, family or household purposes;
acting as an agent for credit life, accident and
disability insurance directly related to an
extension of credit by it or its subsidiaries;
and acting as agent for credit collateral
insurance directly related to extensions of credit
by it or its subsidiaries. Such insurance is
limited to insuring the repayment of the outstanding
balance in the event of loss or damage to property
which is used as collateral for the extension of
credit through the acquisition of ABTS, Inc., Rock
Hill, South Carolina. The activities will be
conduction nationwide.
Not Yet Available
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Acacia Mutual Life Insurance Company,
Washington, D. C., request that the
Board not disapprove the proposed
dual serving of Mr. Joseph H. Riley
as a director of Applicant and also of
Crestar Financial Corporation, Richmond,
Virginia.
September 18, 1989
Federal Reserve Bank of Atlanta
Applications Bulletin
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
Sentry Bank and Trust
Roswell, Georgia
10-15-89 (CPA)
To acquire the assets and assume the liabilities of three Cobb County,
Georgia, branches of Anchor Savings Bank, FSB, Hewlett, New York.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
American National Financial Corporation
09-22-89
Panama City, Florida
Federal Register
Change in control by Albert P. Qualls, Jr., to acquire 68.05 percent of the
outstanding shares of ccmmon stock.
1st ArriBanc, Inc.
Destin, Florida
1-BHC formation, 1st American Bank of Walton County, Destin, Florida.
Citizens Corporation
Eastman, Georgia
To acquire Bank South, Mount Vernon, Mount Vernon, Georgia.
Citizens & Merchants Corporation
Douglasville, Georgia
1-BHC formation, Citizens & Merchants State Bank, Douglasville, Georgia.
First Elbert Corporation
Elberton, Georgia
After-the-fact change in control by L. Jackson McConnell (Trustee) to
retain 20.93 percent of the outstanding shares of common stock that
increased his total ownership to 32.26 percent.
Section IV - Applications Not Subject To Federal Register Notice
or Newspaper Notice
Application
Southwest Georgia Financial Corporation
Moultrie, Georgia
To redeem 135,024 shares of its outstanding common stock.
F e d e ra l R e se rve Bank o f C h ica g o
Section I - Applications Subject to Newspapc
Notice Only
Comment Period
Ending Date
Type
Application
Branch/24A
Liberty State Bank & Trust
Hamtramck, Michigan
NW Corner 12 Mile & Halsted Roads
Farmington/ Michigan*
N
- 10-6-89
Branch
Bank of Burlington
Burlington/ Wisconsin
124 East Main Street
Twin Lakes, Wisconsin*
N
- *
Merger/
Branch
N
Union Bank/Streator
Streator, 111inois
Union Bank/Triumph
Triumph, Illinois - Branch at main street*
- *
Branch
Union Bank/Streator
Streator, Illinois
400 Etna Road
Ottawa, Illinois*
N
- *
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Type
Application
Y-l
Overton Bank Shares, Inc.
Mondamin, Iowa
Mondamin Savings Bank
Mondamin, Iowa*
FR - 8-28-89
N - 10-1-89
Y-2
Pioneer Bancorp, Inc.
Chicago, Illinois
River Associates Bancorp, Inc.
River Grove, Illinois
River Grove Bank and Trust Company
River Grove, Illinois*
FR - 9-18-89
N - 9-25-89
CoC-HC
Decatur Financial, Inc.
Decatur, Indiana
Paul E. Strickler
FR - 9-27-89
N - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date
Ty^e
Application
Y-l
Manning Financial Services, Inc.
Manning, Iowa
The First National Bank of Manning
Manning, Iowa*
FR - 10-6-89
N - 10-31-89
Y—1
Premier Financial Group, Inc.
Council Bluffs, Iowa
Manning Financial Services, Inc.
Manning, Iowa
The First National Bank of Manning
Manning, Iowa*
FR - 10-6-89
N - **
Y-l
Bancroft State Bancshares, Inc.
B a ncroft, Wisconsin
Bancroft State Bank
Bancroft, Wisconsin*
FR - 10-6-89
N - **
Y-l
First Sterling Bancorp, Inc.
Sterling, Illinois
Rock Falls Bancshares, Inc.
R ock Falls, Illinois
Rock Falls National Bank
Rock Falls, Illinois*
FR - **
N - **
Section III - Applications Subject to Federal Register Notice
Only
Type
Application
4 (c) ( )
National Bancorp, Inc.
Melrose Park, Illinois
To acquire, service loan and other
extensions of credit through its
subsidiary, First Lake Corp., Melrose
Park, Illinois
Comment Period
Ending Date
FR - 9-29-89
N - **
First Busey Corporation
FR - 10-6-89
Urbana, Illinois
N - **
MRCG, Inc. d/b/a The Marcom Group
Champaign, Illinois - offering marketing/
communications services to financial institutions
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register Notice
Only
Continued
Type
Application
Y-4
Elmwood Bancshares, Inc.
Elmwood, Illinois
Warren E. Stenwall
(d/b/a Stenwall Insurance Agency)
Elmwood, Illinois
Comment Period
Ending Date
FR - **
Section IV - Applications Not Subject to Federal Register Notice
Or Newspaper Notice
TY.pe
Application
None
N
FR
*
**
—
_
Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time
Federal Reserve Bank of St. Louis
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Comment Period Ending Date
*Section 3(a)(3) application by
Monticello Bankshares, Inc.,
Monticello, Kentucky, to acquire
an additional 34.4 percent of Bank
of Clinton County, Albany, Kentucky,
(Newspaper 10-20-89)
*Section 3(a)(5) application by PBM
Bancorp, Inc., Marion, Illinois,
to merge with Rend Lake Bancorp,
Inc., Christopher, Illinois
(Not available)
*Section 3(a)(3) application by
Liberty National Bancorp, Inc.,
Louisville, Kentucky, and its
wholly-owned subsidiary, KBT
Bancshares, Inc., Louisville,
Kentucky, to acquire The Community
Bank, Inc., Erlanger, Kentucky
(Newspaper 10-16-89)
SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
None.
SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE *
OR NEWSPAPER NOTICE
None.
* This application is subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
_______ Newspaper Notice Only_______
Comment Period
Ending Date
Application
None.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Application
MONBAN, Inc.
Billings, MT
To acquire Fairview Bank
Fairview, MT*
John W. Brown and A.D. Duncklee
To increase ownership by 2.15% of
Drayton Bancor, Inc., Drayton, ND
10-5-89
(Newspaper)
10-4-89
(Federal Register)
Lincoln Holding Company
Canton, SD
To acquire Farmers State Bank of Canton
Canton, SD*
Not yet available
WRZ Bankshares, Inc.
Plainview, MN
To acquire Peoples State Bank
Plainview, MN*
Not yet available
Section III - Applications Subject
to Federal Register Notice Only
Application
Comment Period
Ending Date
None.
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.
* Subject to CRA
Federal Reserve Bank o f Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
C O M M E N T P E R I O D E N D I N G DATE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
C O M M E N T P E R I O D E N D I N G DATE
R o b e r t W. Kap l a n , C a l v i n L.
M c M i l l a n , and Car l Chuzy, all of
W i c h i t a , Kan s a s , and Y a l e J.
K a p l a n , Omaha, N e b r a s k a , for p r i o r
a p p r o v a l for e a c h i n d i v i d u a l to
i n c r e a s e his p r o p o r t i o n a t e
o w n e r s h i p i n t e r e s t in A n d o v e r B a n c
S h a r e s , A n d o v e r , K a n s a s , b y 7.55
p e r c e n t to 20.05 p e r c e n t .
Not A v a i l a b l e
W e l d S t a t e C o mpany,
C o l o r a d o , for p r i o r
a c q u i r e 100 p e r c e n t
s h a r e s of The Fi r s t
of W i n d s o r , W i n d s o r ,
Not A v a i l a b l e
Ft. L u pto n ,
a p p r o v a l to
of the v o t i n g
National Bank
Colorado.*
L a k e v i e w , Inc., Omaha, N e b r a s k a ,
for p r i o r ap p r o v a l to i n c r e a s e its
p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in
S h e r m a n C o u n t y M a n a g e m e n t , Inc.,
L o u p City, N e b r a s k a , by 6.0 p e r c e n t
t o 16.1 percent.
Not A v a i l a b l e
Ed B e r r o n g , W e a t h e r f o r d , O k l a h o m a ,
for p r i o r a p p r o v a l to i n c r e a s e his
p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in
F i r s t N a t i o n a l B a n c s h a r e s of
W e a t h e r f o r d , Inc., W e a t h e r f o r d ,
O k l a h o m a , b y .66 p e r c e n t to 16.34
percent.
S e p t e m b e r 27, 1989
B e t t e C. R e i d and R a y m o n d E. Reid,
P a m p a , Texas, for p r i o r a p p r o v a l
for b o t h to i n c r e a s e t h e i r
proportionate ownership interests
in A m e r i c a n R e p u b l i c B a n c s h a r e s ,
Inc., Belen, N e w M e x i c o , b y 1.48
p e r c e n t to 23.77 p e r c e n t .
S e p t e m b e r 29, 1989
Federal Reserve Bank of Kansas City
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
* A p p l i c a t i o n is s u b j e c t to CRA.
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 18, 1989
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
** NOTICE EXP
Change in Control Notice by
Garland Moore and Raymond Moore, Shamrock, TX,
to acquire an interst in Wheeler County Bancshares, Inc.,
Shamrock, TX
N/A
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
NOTICE EXP
Section 4(c)(8) de novo notification by
The Plains Corporation, Lubbock, TX, to engage in
the activity of originating loans for itself or for
others of the type made by a mortgage company through
Plains Financial Corporation, Lubbock, TX
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Notice by First Alamogordo Bancorp, Inc., Alamogordo, NM,
to redeem 84,576 shares of its common stock.
* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 9/22/89
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
None
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
None
Section III - Applications Subject to Federal Register Notice Only
Bank of Tokyo, Limited, Tokyo, Japan,
to expand the activities of Bot
Securities, Inc., New York, New York,
to now include certain brokerage and
advisory services.
Newspaper;
Not yet published.
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
@FedFRASER