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RjLCjytsd^ ^Jjixrfar^ ANNOUNCEMENT BY H.2 1971 No. 39 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM District A p p l i c a t i o n s and R e p o r t s Received or Acted on During Week Ending September 25, 1971 Proxy S t a t e m e n t ( S p e c i a l Meeting) F i l e d P u r s u a n t to S e c t i o n 14(a) of t h e S e c u r i t i e s Exchange Act Received P r i n c e t o n Bank and T r u s t Company, P r i n c e t o n , New J e r s e y * * * * Date 9-20-71 * TO E s t a b l i s h a Domestic Branch P u r s u a n t to S e c t i o n 9 of t h e F e d e r a l Reserve Act Received The County T r u s t Company, White P l a i n s , New York. Branch to be e s t a b l i s h e d i n t h e immediate v i c i n i t y of t h e i n t e r s e c t i o n of S t a t e Routes 100 and 202, V i l l a g e of Somers ( u n i n c o r p o r a t e d a r e a ) Town of Somers, W e s t c h e s t e r County. The Rittman Savings Bank, R i t t m a n Ohio. Branch to be e s t a b l i s h e d a t Lake Road, Briarwood Beach V i l l a g e , Chippewa Lake, Midina County. C i t i z e n s Bank of Poquoson, Poquoson, V i r g i n i a . Branch to be e s t a b l i s h e d a t t h e i n t e r s e c t i o n of Second ( S t a t e Route 162) and York S t r e e t s , Williamsburg. F i r s t American Bank, Memphis, T e n n e s s e e . Branch to be e s t a b l i h s e d a t 5384 P o p l a r Avenue, Memphis, Shelby County. Withdrawn Marine Midland B a n k - S o u t h e r n , Elmira (Binghamton), New York. Branch to be e s t a b l i s h e d a t 906 Danby Road (N.Y. 96-B) Town of I t h a c a , Tompkins County. * * * * H.2 1971 No. 39 12 7 -2To E s t a b l i s h an Overseas Branch of a Member Bank P u r s u a n t to S e c t i o n 25 of the F e d e r a l Reserve Act: Approved S e c u r i t y P a c i f i c N a t i o n a l Bank, Los A n g e l e s , C a l i f o r n i a Branch to be e s t a b l i s h e d in Tokyo, J a p a n . To Merge P u r s u a n t to S e c t i o n 18(c) of the F e d e r a l D e p o s i t I n s u r a n c e Act Received N o r t r u s t Bank, Chicago, I l l i n o i s . For p r i o r a p p r o v a l to merge The N o r t h e r n T r u s t Company, Chicago, I l l i n o i s , under t h e c h a r t e r of t h e former and t i t l e of t h e l a t t e r . * * * * * 8-24-71 H.2 19 71 No. 39 3 -3- To 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 Holding Company Act of 1956 Received C i t i z e n s B a n c o r p . , V i n e l a n d , New J e r s e y , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t 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 S t a t e Bank, V i n e l a n d , New J e r s e y , and C o n t i n e n t a l Bank of New J e r s e y , Maple Shade Township (P. 0 . Maple S h a d e ) , New J e r s e y . 5 V i r g i n i a National Bankshares, I n c . , Norfolk, V i r g i n i a , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r cent of t h e v o t i n g s h a r e s of C o l o n i a l - A m e r i c a n N a t i o n a l Bank, Roanoke, V i r g i n i a , t h e s u c c e s s o r by merger t o The C o l o n i a l American N a t i o n a l Bank of Roanoke, Roanoke, V i r g i n i a , and t h e s u c c e s s o r by merger t o V i r g i n i a N a t i o n a l Bank, Norfolk, Virginia. 7 N o r t r u s t Corporation, Chicago, I l l i n o i s , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o The N o r t h e r n T r u s t Company, Chicago, I l l i n o i s . 7 S o u t h e a s t e r n Michigan Holding Company, S o u t h g a t e , M i c h i g a 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 or more of t h e v o t i n g s h a r e s of S e c u r i t y Bank and T r u s t Company , S o u t h g a t e , Michigan. 11 S t a t e N a t i o n a l B a n c s h a r e s , I n c . , El P a s o , Texas, f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of t h e s u c c e s s o r by merger t o The S t a t e N a t i o n a l Bank of El P a s o , El P a s o , T e x a s . As an i n c i d e n t t o t h e m e r g e r , A p p l i c a n t would a l s o a c q u i r e i n d i r e c t ownership of t h e v o t i n g s h a r e s of The F i e r y Company, El P a s o , T e x a s , which owns or c o n t r o l s more t h a n 5 p e r cent of t h e v o t i n g s h a r e s of t h e f o l l o w i n g t h r e e b a n k s , a l l l o c a t e d i n Texas: B a s s e t t N a t i o n a l Bank of El P a s o , El P a s o , C i t i z e n s S t a t e Bank of Y s l e t a , El P a s o , The F i r s t N a t i o n a l Bank of Fabens, Fab ens . 12 San Diego F i n a n c i a l C o r p o r a t i o n , San Diego, C a l i f o r n i a , f o r p r i o r a p p r o v a l t o a c q u i r e a l l of t h e s h a r e s of San Diego T r u s t & Savings Bank, San Diego, C a l i f o r n i a . 9-21-71 9-21-71 Approved CNR B a n c o r p o r a t i o n , Wilmington, Delaware, f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r cent of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e s u c c e s s o r by merger t o C e n t r a l N a t i o n a l Bank of C l e v e l a n d , C l e v e l a n d , Ohio, and a t l e a s t 97 p e r cent of t h e v o t i n g s h a r e s of The American Bank of Commerce, Akron, Ohio. Palmer Bank C o r p o r a t i o n , S a r a s o t a , F l o r i d a , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t or more of t h e v o t i n g s h a r e s of Palmer F i r s t N a t i o n a l Bank and T r u s t Company of S a r a s o t a , S t . Armands Palmer Bank, and S i e s t a Key Palmer Bank, a l l i n S a r a s o t a , F l o r i d a . FBT C o r p . , South Bend, I n d i a n a , f o r p r i o r a p p r o v a l t o a c q u i r e 100 per cent ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of F i r s t Bank and T r u s t Company of South Bend, South Bend, I n d i a n a . American B a n c o r p o r a t i o n , I n c . , Kansas C i t y , M i s s o u r i , f o r p r i o r a p p r o v a l t o a c q u i r e 90 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 Linwood S t a t e Bank, Kansas C i t y , Missouri. P l a z a B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s T q u a l i f y 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 t h e P l a z a Bank of Commerce, Kansas C i t y , Missouri. To Expand a Bank Holding 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 M i d l a n t i c Banks I n c . , Newark, New J e r s e y , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t 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 Madison N a t i o n a l Bank, Madison, New J e r s e y . BancOhio C o r p o r a t i o n , Columbus, 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 a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of The N i l e s Bank Company, N i l e s , Ohio. U n i t e d Banks of C o l o r a d o , I n c . , Denver, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 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 Colorado Commercial Bank, Colorado S p r i n g s , Colorado. Approved Empire Shares C o r p o r a t i o n , New York, New York, 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 39.9627 p e r cent of t h e v o t i n g s h a r e s of Community S t a t e Bank, Albany, New York. The C e n t r a l B a n c o r p o r a t i o n , I n c . , C i n c i n n a t i , 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 100 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of The Home Banking Company, S t . Marys, Ohio. S o u t h e a s t Banking C o r p o r a t i o n , Miami, F l o r i d a , f o r p r i o r a p p r o v a l t o a c q u i r e 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 S o u t h e a s t Bank of Dadeland, Miami, F l o r i d a , a proposed new b a n k . Banks of Iowa, I n c . , Cedar R a p i d s , Iowa, 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 or more of t h e v o t i n g s h a r e s of Union Bank and T r u s t Company, Ottumwa, Iowa. Galbank, I n c . , and i t s wholly-owned s u b s i d i a r y , United S t a t e s N a t i o n a l Bancshares , I n c . , b o t h of G a l v e s t o n , T e x a s , f o r p r i o r a p p r o v a l t o a c q u i r e 61.15 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 Sugar Land S t a t e Bank, Sugar Land, T e x a s . Denied F i d e l i t y American B a n k s h a r e s , I n c . , Lynchburg, V i r g i n i a , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t or more of t h e v o t i n g s h a r e s of P e o p l e s Bank of G r e t n a , G r e t n a , Virginia. H.2 1971 No. 39 To Expand a Bank Holding Company P u r s u a n t t o S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 Received H a r t f o r d N a t i o n a l C o r p o r a t i o n , H a r t f o r d , Connecticut, n o t i f i c a t i o n of i n t e n t t o engage i n a de novo a c t i v i t y ( a c t i n g as i n v e s t m e n t or f i n a n c i a l a d v i s o r ) t h r o u g h a newly formed s u b s i d i a r y , HNC R e a l t y A d v i s e r s , I n c . , Westport, Connecticut. H a r t f o r d N a t i o n a l C o r p o r a t i o n , H a r t f o r d , Connecticut, n o t i f i c a t i o n of i n t e n t t o engage i n a die novo a c t i v i t y ( a c t i n g as i n v e s t m e n t or f i n a n c i a l advisor) through a newly formed s u b s i d i a r y , Hartford F i n a n c i a l C o r p o r a t i o n , H a r t f o r d , Connecticut. 9-22-71 United J e r s e y Banks, Hackensack, New J e r s e y , n o t i f i c a t i o n of i n t e n t t o engage i n a de novo a c t i v i t y ( t h e making o r a c q u i r i n g , f o r i t s own account o r f o r t h e account of o t h e r s , of mortgage l o a n s ; t h e s e l l i n g of mortgage l o a n s ; and s e r v i c i n g of mortgage l o a n s f o r any person; a n d , t o t h e e x t e n t p e r m i t t e d by t h e Board of Governors of t h e F e d e r a l Reserve System, t h e p e r f o r m a n c e of p r o p e r t y management s e r v i c e s ) t h r o u g h a s u b s i d i a r y known as United J e r s e y Mortgage Company, Hackensack, New J e r s e y . 9-24-71 Nathan Hale I n v e s t m e n t C o r p o r a t i o n , Chicago, I l l i n o i s , n o t i f i c a t i o n of i n t e n t t o engage i n a de novo a c t i v i t y (making e q u i t y and debt i n v e s t m e n t s i n c o r p o r a t i o n s or p r o j e c t s designed p r i m a r i l y t o promote community w e l f a r e ) i n Chicago, I l l i n o i s . 9-20-71 Permitted** D e p o s i t Guaranty C o r p o r a t i o n , J a c k s o n , M i s s i s s i p p i , t o engage i n a de novo a c t i v i t y ( a g e n e r a l m o r t gage l o a n b u s i n e s s , i n c l u d i n g loan o r i g i n a t i o n and s e r v i c i n g ) through a s u b s i d i a r y known as Guaranty Mortgage, I n c . , J a c k s o n , M i s s i s s i p p i . **Processed by Reserve Bank on b e h a l f of t h e Board of Governors under delegated authority. 9-22-71 9-20-71 H«2 19 71 No. 39 -7P e r m i t t e d * * (Continued) 7 SJV C o r p o r a t i o n , E l k h a r t , I n d i a n a , t o c o n t i n u e t o engage i n a de_ novo a c t i v i t y ( p r o v i d i n g b o o k keeping services or data processing services f o r t h e i n t e r n a l o p e r a t i o n s of t h e h o l d i n g company and i t s s u b s i d i a r i e s , and s t o r i n g and p r o c e s s i n g o t h e r b a n k i n g , f i n a n c i a l , o r r e l a t e d economic data i n c l u d i n g performing p a y r o l l , accounts r e c e i v a b l e , accounts payable, general ledger b o o k k e e p i n g , b i l l i n g and r e l a t e d s e r v i c e s ) t h r o u g h a s u b s i d i a r y known as SJV Data S e r v i c e s I n c . , Elkhart, Indiana. 9-23-71 12 C e n t r a l Banking System, I n c . , Oakland, C a l i f o r n i a , t o engage i n a cte novo a c t i v i t y ( l e a s i n g of p e r s o n a l p r o p e r t y and equipment) through a s u b s i d i a r y known as C e n t r a l L e a s i n g C o r p o r a t i o n , Honolulu, Hawaii. 9-18-71 12 Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , t o engage i n a die novo a c t i v i t y ( f i n a n c e l e a s i n g of p e r s o n a l p r o p e r t y and equipment and a c t i n g as a g e n t , b r o k e r , and a d v i s o r i n l e a s i n g of such p r o p e r t y ) t h r o u g h a s u b s i d i a r y known as Wells Fargo L e a s i n g C o r p o r a t i o n , San F r a n c i s c o and Los A n g e l e s , C a l i f o r n i a . 9-18-71 * * * * * 6 To Expand a Bank Holding Company P u r s u a n t t o S e c t i o n 4 ( c ) ( 1 2 ) of t h e Bank Holding Company Act of 1956 Received The C h a r t e r Company, J a c k s o n v i l l e , F l o r i d a , n o t i f i c a t i o n of i n t e n t t o a c q u i r e a l l of t h e c a p i t a l s t o c k of Milbo I n v e s t m e n t s , I n c . , J a c k s o n v i l l e , Florida. * * P r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board of Governors under delegated authority. 9-23-71
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