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P3S
ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1982 No. 39)
Actions of the Board; Applications and Reports
Received During the Week Ended September 25, 1982
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Regulation T, proposed amendment that would specify
the characteristics of private mortgage-backed
securities that may be used as c o l l a t e r a l for
margin c r e d i t at securities brokers; comment
should be received on or before October 29, 1982.
(Docket No. R-0423)
Regulations M and Z, Truth in Lending, order granting
exemptions t o the States of Massachusetts, Oklahoma
and Wyoming. (Docket No. R-0415)
Southeast Banking Corporation, Miami, Florida, l e t t e r
reviewing the Notice under the Change in Bank
Control Act f i l e d by "Reporting Group" to increase
t h e i r holdings of the outstanding voting shares of
Southeast Banking Corporation.
St. Louis
AmBanc Corp., Vicennes, Indiana, extension of time
u n t i l October 1, 1982, within which to become a
bank holding company through the acquisition of
the successor by merger with the American National
Bank of Vincennes, Vincennes, Indiana. J_/
San
Francisco
AmBank Holding Company, Phoenix, Arizona, extension
of time to December 21, 1982, within which to become a bank holding company through the acquisition
of American Bank, Phoenix, Arizona. J_/
New York
Chase Manhattan Corporation, New York, New York,
extension of time to November 1, 1982, within which
t o acquire substantially a l l the assets and
l i a b i l i t i e s of F i r s t Chicago Cheque Corporation,
Chicago, I l l i n o i s . J /
Kansas City
Citizens Commerce Corporation, Ardmore, Oklahoma,
extension of time u n t i l November 9, 1982, in
which to consummate the acquisition of Citizens
National Bank of Ardmore, Ardmore, Oklahoma. 1/
T7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
I
H.2, 1982 No. 39
- 2 -
' f* t* ." * •
1
ACTIONS OF THE BOARD - Continued
Atlanta
Coastal Bankshares, I n c . , H i n e s v i l l e , Georgia,
extension of time u n t i l November 3, 1982,
w i t h i n which to become a bank holding company
through the acquisition of the Coastal Bank,
H i n e s v i l l e , Georgia. V
Chicago
Coinerica Incorporated, D e t r o i t , Michigan, extension of time to December 21 , 1982, within which
to acquire 100 percent of the voting shares of
The Detroit Bank - Grosse Pointe, National
Association, Grosse Pointe, Michigan, a proposed new bank. \J
Kansas City
F i r s t National Bancorporation of Heavener, Heavener,
Oklahoma, extension of time to November 28, 1982,
within which to consummate the acquisition of
F i r s t National Bank of Heavener, Heavener,
Oklahoma. \ j
Chicago
F i r s t Peoria Corp., Peoria, I l l i n o i s , extension of
time to January 6, 1983, within which to become
a bank holding company through the acquisition
of 100 percent of the voting shares of the
successor by merger to The F i r s t National Bank
of Peoria, Peoria, I l l i n o i s . V
St. Louis
FSB, I n c . , Covington, Tennessee, extension of time
u n t i l December 24, 1982, w i t h i n which to become a
bank holding company through the acquisition of
F i r s t State Bank, Covington, Tennessee, through
an interim bank merger. J /
Atlanta
Great American Bancorp, North Miami, Florida, extension of time u n t i l January 18, 1983, within
which to acquire Combanks Corporation and Great
American Banks, I n c . , and for Combanks Corporation, North Miami, Florida, to acquire Great
American Banks, Inc. \ ]
Chicago
Marquette National Corporation, Chicago, I l l i n o i s ,
extension of time to January 6, 1983, within
which to become a bank holding company through
the acquisition of 100 percent of the voting
shares of the successor by merger to Marquette
National Bank, Chicago, I l l i n o i s . \J
Dallas
Mercantile Texas Corporation, Dallas, Texas, extension of time to November 30, 1982, within
which to consummate the acquisition of Brazosport
Bank of Texas, Freeport, Texas. ]_/
]_/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 39
- 3 -
ACTIONS OF THE BOARD - Continued
Dallas
Morehouse Bancshares, I n c . , Bastrop, Louisiana, extension of time to December 17, 1982, within
which to consummate the acquisition of Bank of
Morehouse, Bastrop, Louisiana. V
Chicago
Northern Trust Corporation, Chicago, I l l i n o i s , extension of time to December 22, 1982, within which
to acquire 100 percent of the voting shares of the
successor by merger to Northern Trust Bank of
F l o r i d a , N.A., Miami, F l o r i d a , a proposed new
bank. JJ
Dallas
Republic Bank Corporation, Dallas, Texas, extension
of time to December 23, 1982, in which to consummate the acquisition of RepublicBank Conroe,
N.A., Conroe, Texas. J /
Atlanta
7 L Corporation, Tampa, Florida, extension of time
u n t i l November 14, 1982, within which to acquire
shares of F i r s t Florida Banks, I n c . , Tampa,
Florida. JJ
Atlanta
Southern Bancorp., South Daytona, Florida, extension
of time u n t i l December 20, 1982, within which to
become a bank holding company through the acq u i s i t i o n of Central Bank of Volusia County, South
Daytona, Florida. J_/
Dallas
Southwest Bancshares, I n c . , Houston, Texas, extension
of time to January 4, 1983, within which to consummate
the acquisition of Haltom City State Bank, Haltom
C i t y , Texas. J /
Dallas
Texas American Bancshares I n c . , Fort Worth, Texas,
extension of time to January 1, 1983, within which
to consummate the acquisition of Charter National
Bank, Piano, Texas. V
Chicago
W B BANCORP, INC., New B e r l i n , I l l i n o i s , extension of
time to December 27, 1982, within which to become a
bank holding company through the acquisition of 80
percent or more of the voting shares of WarrenBoynton State Bank, New B e r l i n , I l l i n o i s . JV
Atlanta
Marion County Banking Company, Hamilton, Alabama, to
make an investment in bank premises. 1/
J/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1932 No. 39
- 4 -
ACTIONS OF THE BOARD - Continued
Chicago
Wayne Bank and Trust Co., Cambridge C i t y , Indiana,
extension of time to September 2, 1983, within
which to establish a branch at 6th and South A
Street, Richmond, Indiana. J /
San
Francisco
Cal Republic Merger Corporation, Bakersfield, Calif o r n i a , proposed merger with C a l i fo rn i a Republic
Bank, Bakersfield, C a l i f o r n i a , under the charter
and t i t l e of the l a t t e r ; report to the Federal
Deposit Insurance Corporation on competitive
factors. J /
Atlanta
Capital Bank North Bay V i l l a g e , Florida, proposed
merger with Capital Bank of Broward County, Oakland Park, Florida; report to the Federal Deposit
Insurance Corporation on competitive factors. V
Kansas City
Central Bank of Chatfield, N.A., L i t t l e t o n , Colorado,
proposal to merge with Chatfield Bank, L i t t l e t o n ,
Colorado; report to the Comptroller of the Currency
on competitive f a c t o r s . V
Atlanta
City Savings Bank & Trust Company, Deridder, Louisiana,
proposed merger with Bank of Beauregard Parish,
Deridder, Louisiana; report to the Federal Deposit
Insurance Corporation on competitive f a c t o r s . V
Philadelphia
Colonial National Bank, Wilmington, Delaware, proposal t o merge with Colonial Interim National Bank,
Wilmington, Delaware, under the t i t l e of Colonial
National Bank and charter of Colonial Interim
National Bank; report to the Comptroller of the
Currency on competitive fa cto rs. V
Richmond
Community Bank and Trust Company, N.A., Fairmont,
West V i r g i n i a , proposed merger with Community
National Bank, Fairmont, West V i r g i n i a , an organi z i n g bank; report transmitted to the Comptroller
of the Currency on competitive factors. J_/
Chicago
Continental Bank and Trust Company, Milwaukee, Wisconsin, application f o r p r i o r approval to merge
with Continental Bank Guardian, Milwaukee, Wisconsin,
under the charter and t i t l e of Continental Bank and
Trust Company; report to the Federal Deposit Insurance Corporation on competitive factors. 1/
T7
Applications processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 39
- 5 -
ACTIONS OF THE BOARD - Continued
New York
Dime Savings Bank of New York, Brooklyn, New York,
proposal t o merge with The Hudson City Savings
I n s t i t u t i o n , Hudson, New York; report to the
Federal Deposit Insurance Corporation on competitive factors, y
Chicago
Edinburg State Bank, Edinburg, Indiana, application
f o r p r i o r approval to merge with Lancer Bank,
Edinburg, Indiana, under the charter of Lancer
Bank, and t i t l e of The Edinburg State Bank; report
t o the Federal Deposit Insurance Corporation on
competitive factors. J_/
Chicago
Farmers & Merchants Bank & Trust, Marinette, Wisconsin, application f o r p r i o r approval to merge
with Citizens Bank of Marinette, Wisconsin, under
the charter and t i t l e of Farmers & Merchants Bank
& Trust; report to the Federal Deposit Insurance
Corporation on competitive fa cto rs. J_/
New York
F i r s t American Bank of New York, Albany, New York,
proposal to merge with ESC Acquisition Corp.,
Albany, New York; report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
Atlanta
Florida National Bank of Palm Beach County, West
Palm Beach, F l o r i d a , proposed merger with F i r s t
Marine Bank and Trust Company of the Palm Beaches,
Rivera Beach, Florida; report to the Comptroller
of the Currency on competitive f a c t o r s . J /
Dallas
Forum Bank, A r l i n g t o n , Texas, proposed merger with
Texas American Bank/Forum, Arlington, Texas; report
to the Federal Deposit Insurance Corporation on
competitive fa cto rs. J /
Richmond
Kanawha Banking & Trust Company National Association,
Charleston, West V i r g i n i a , proposed merger with
Kanawha National Bank, Charleston, West V i r g i n i a ,
an organizing bank; report to the Comptroller of
the Currency on competitive fa cto rs. J /
Richmond
Middletown National Bank, Fairmont, West V i r g i n i a ,
proposed merger with MNB National Bank, Fairmont,
West V i r g i n i a , an organizing bank; report to the
Comptroller of the Currency on competitive factors. 1/
T7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 39
6 -
ACTIONS OF THE BOARD - Continued
Richmond
Mountaineer National Bank, Morgantown, West V i r g i n i a ,
proposed merger with Morgantown National Bank,
Morgantown, West V i r g i n i a , an organizing bank;
report to the Comptroller of the Currency on
competitive fa cto rs. J /
Chicago
Owen County State Bank, Spencer, Indiana, application
f o r p r i o r approval to merge with Owen Interim Bank,
and t i t l e of Owen County State Bank; report to the
Federal Deposit Insurance Corporation on competitive
factors, J /
Boston
Portland Savings Bank, Portland, Maine, proposal to
merge with Peoples Savings Bank, Lewiston, Maine;
report to the Federal Deposit Insurance Corporation
on competitive fa cto rs. V
San
Francisco
Security Interim Bank of Coos County, Myrtle Point,
Oregon, proposed merger with Security Bank of Coos
County, Myrtle Point, Oregon, under the charter
and t i t l e of the l a t t e r ; report to the Federal
Deposit Insurance Corporation on competitive factors. J /
Atlanta
Sun Bank/Southwest Cape Coral, Florida, proposed merger
with Sun Interim Bank/Southwest N.A., Cape Coral,
F l o r i d a , and Century National Bank of Lee County,
Lehigh Acres, Florida; report to the Federal Deposit
Insurance Corporation on competitive factors. _1/
Richmond
Teays Valley National Bank, Scott Depot, West V i r g i n i a ,
proposed merger with Teays National Bank, Scott Depot,
West V i r g i n i a , a proposed new bank; report to the
Comptroller of the Currency on competitive fa cto rs. 1/
1/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
1
H.2, 1982 No. 39
ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
New York
Approved
Chemical Bank, New York, New York. To establish
a branch at 600 Northern Boulevard, Great Neck,
New York. J /
Richmond
The Bank of Romney, Romney, West V i r g i n i a . To
establish a branch on Main Street, Capon Bridge,
Hampshire County, West V i r g i n i a . JJ
Richmond
Piedmont Trust Bank, C o l l i n s v i l l e , V i r g i n i a . To
establish a branch on U.S. Route 220 Business
near i t s intersection with U.S. Route 220
Bypass, Henry County, V i r g i n i a . 1/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
Huron County Bank, Harbor Beach, Michigan. V
Chicago
*
*
*
*
*
Issued Intent Not to Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Cleveland
Not Disapproved
A l t h e i r s Oil I n c . , Corning, Ohio. \ j
Richmond
The Business Bank, Vienna, V i r g i n i a . J /
St. Louis
Citizens Bank of Owensville, Owensville, Missouri. J /
Kansas City
Central Bancshares, I n c . , El Dorado, Kansas. ]_/
T]
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
I
H.2, 1982 No. 39
- 8 -
ACTIONS OF THE BOARD - Continued
Correction:
The notice for Sun Interim Bank/North Florida, N.A.,
Jacksonville, Florida, proposed merger with Citizens
National Bank of Temple, Temple, Texas; report to
the Comptroller of the Currency on competitive
factors which appeared on H.2 No. 37, 1982 was incorrect. I t should have read Sun Interim Bank/North
F l o r i d a , N.A., Jacksonville, Florida, proposed
merger with Sun Bank of Jacksonville, Florida and
Century National Bank of Palatka, Palatka, Florida;
report of the Comptroller of the Currency on comp e t i t i v e f acto rs. J /
Atlanta
*
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Applications and N o t i f i c a t i o n s for International
Investments and Other Actions Pursuant to Sections 25 and 25(a)
of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13)
of the Bank Holding Company Act of 1956, as amended
New York
Richmond
Boston
Maryland National Overseas Investment Corporation,
Baltimore, Maryland: grants consent to establish
and operate a branch in Tysons Corner, V i r g i n i a ,
and also approved the amendment of A r t i c l e FIRST
of the A r t i c l e s of Association of Maryland
National Overseas Investment Corporation to change
i t s name to Maryland Bank International.
Sixty-Day N o t i f i c a t i o n Period Allowed t o Expire
Boston Overseas Financial Corporation, an Edge Act
Corporation subsidiary of The F i r s t National
Bank of Boston, Boston, Massachusetts: no obj e c t i o n to make an additional investment in
Nigerian-American Merchant Bank Limited, Lagos,
Nigeria.
San
Francisco
T7
Approved
Citibank Overseas Investment Corporation, Wilmington,
Delaware: grants consent to make an additional
investment in C i t i f u t u r e s Limited, London, England.
Wells Fargo Bank, N.A., San Francisco, C a l i f o r n i a :
no objection to establish a branch in Manila,
Philippines.
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
•
•
H.2, 1982 No. 39
- 9 -
ACTIONS OF THE BOARD - Continued
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Richmond
Approved
F i r s t National Bank of South Carolina, Columbia,
South Carolina: grants permission to establish
a branch in Georgetown, Cayman Islands, B r i t i s h
West Indies.
*
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To Form a Bank Holding Company Pursuant t o Section
3(a)(1) of the Bank Holding Company Act of 1956
Philadelphia
Minneapolis
Philadelphia
Withdrawn
BCTC Corporation, Moorestown, New Jersey, f o r
approval to acquire 100 percent of the voting
shares of Burlington County Trust Company,
Moorestown, New Jersey.
Canton Bancshares, I n c . , Canton, South Dakota,
f o r approval t o acquire 80 percent of the
voting shares of F i r s t American Bank, Canton,
South Dakota.
Approved
Independence Bancorp, I n c . , Perkasie, Pennsylvania,
f o r approval t o acquire 100 percent of the voting
shares of Bucks County Bank and Trust Company,
Perkasie, Pennsylvania. J_/
Richmond
National Banc of Commerce Company, Charleston,
West V i r g i n i a , f o r approval to acquire 100 percent
of the voting shares of the successor by merger
to The National Bank of Commerce of Charleston,
Charleston, West V i r g i n i a . \J
Chicago
Comprehensive Investment Company, Coon Rapids,
Iowa, for approval t o acquire 100 percent of the
voting shares of Manilla State Bank, Manilla,
Iowa and t o r e t a i n shares of Security Savings
Bank, Scranton, Iowa. 1/
27
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
1
H.2, 1982 No. 39
-
10 -
ACTIONS OF THE BOARD - Continued
Chicago
Galva Investment, I n c . , Galva, I l l i n o i s , f o r
approval to acquire at least 95 percent of the
voting shares of Community State Bank of Gal va,
Galva, I l l i n o i s . J /
Chicago
NORSUB CORPORATION, Chicago, I l l i n o i s , f o r approval
to retain 100 percent of the voting shares of
Northern Trust Bank/0'Hare National Association,
Chicago, I l l i n o i s (formerly O'Hare International
Bank, N.A.). J J
Chicago
Panora Financial Corp., Panora, Iowa, f o r approval for
Mid Iowa, I n c . , Panora, Iowa t o acquire d i r e c t l y
17.56 percent of the voting shares and i n d i r e c t l y
65.97 percent of Panora State Bank, Panora, Iowa. \J
Minneapolis
Ravalli County Bankshares, I n c . , Hamilton, Montana,
f o r approval t o acquire at least 86.1 percent of
the voting shares of Ravalli County Bank, Hamilton,
Montana. J /
Minneapolis
Waubay Bancorporation I n c . , Waubay, South Dakota,
f o r approval t o acquire 82.1 percent of the voting
shares of State Bank of Waubay, Waubay, South
Dakota. J /
Kansas City
Century Bank Shares, Lyman, Wyoming, f o r approval to
acquire at least 80 percent of the voting shares of
F i r s t State Bank of Lyman, Lyman, Wyoming. J /
Kansas City
Security Financial Services Corporation, Enid, Oklahoma, for approval to acquire at least 80 percent of
the voting shares of The Security National Bank of
Enid, Enid, Oklahoma. V
Kansas City
Urich Bancorp, I n c . , Blue Springs, Missouri, f o r
approval t o acquire 100 percent of the voting shares
of Urich Bancshares, I n c . , Urich, Missouri, and i n d i r e c t l y acquire Bank of Urich, Urich, Missouri. ]_/
Kansas City
Williams Holding Company, I n c . , Hal stead, Kansas, f o r
approval t o acquire at least 80 percent of the
voting shares of The Hal stead Bank, Hal stead, Kansas. V
Dallas
Humble Bancshares, I n c . , Humble, Texas, for approval
t o acquire 100 percent of the voting shares of
Humble National Bank, Humble, Texas. 1/
V
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 39
-11 -
ACTIONS OF THE BOARD - Continued
Dal las
United City Corporation, Piano, Texas, for approval
t o acquire at least 80 percent of the voting
shares of City National Bank of Piano, Piano,
Texas and United National Bank of Piano, Piano,
Texas. \J
San
Francisco
Fresno Bancorp, Fresno, C a l i f o r n i a , f o r approval to
acquire 100 percent of the voting shares of Bank
of Fresno, Fresno, C a l i f o r n i a . J_/
San
Francisco
Pacific National Bancshares, Eureka, C a l i f o r n i a ,
for approval to acquire at least 80 percent of
the voting shares of The F i r s t National Bank of
Mil lows, Willows, C a l i f o r n i a . J /
San
Francisco
Saratoga Bancorp, Saratoga, C a l i f o r n i a , f o r approval
to acquire 100 percent of the voting shares of
Saratoga National Bank, Saratoga, C a l i f o r n i a , a
proposed new bank. J /
San
Francisco
S t e r l i n g Bancorporation, Los Angeles, C a l i f o r n i a ,
f o r approval to acquire 100 percent of the voting
shares of S t e r l i n g Bank, Los Angeles, C a l i f o r n i a . J /
San
Francisco
Sunrise Bancorp, Citrus Heights, C a l i f o r n i a , f o r
approval t o acquire 100 percent of the voting shares
of Sunrise Bank, Citrus Heights, C a l i f o r n i a . 1/
*
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To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Dallas
Dallas
T7
Approved
ExTraCo Bankshares I n c . , Temple, Texas, f o r
approval to acquire 100 percent of the voting
shares of F i r s t National Bank of Temple-South,
Temple, Texas, a proposed new bank. ]_/
F i r s t City Financial Corporation, Albuquerque,
New Mexico, f o r approval t o acquire 100 percent
of the voting shares of F i r s t City National Bank,
Albuquerque, New Mexico, a proposed new bank. J /
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 39
- 12 -
ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Minneapolis
New York
Approved
Bankers Trust New York Corporation, New York, New
York, f o r approval to engage through a de novo
subsidiary, BT Capital Markets Corp., New York,
New York, in the execution and clearance of
certain futures contracts on major commodity
exchanges, in b u l l i o n , U. S. Government and
GNMA Securities, foreign exchange and negotiable
money market instruments.
New York
National Westminster Bank PLC, London, England and
NatWest Holdings I n c . , New York, New York, f o r
approval to acquire i n d i r e c t l y through NatWest
Commercial Services, Inc. the business and cert a i n of the assets and l i a b i l i t i e s of the
factoring d i v i s i o n of F i r s t Pennsylvania Bank
N.A., Philadelphia, Pennsylvania. J /
Chicago
Comprehensive Investment Company, Coon Rapids, Iowa,
f o r approval t o engage in lending a c t i v i t i e s and
leasing of personal property. V
Chicago
Panora Financial Corp., Panora, Iowa, for approval
to engage in general insurance a c t i v i t i e s in a
town with a population of less than 5,000. 1/
Atlanta
T7
Withdrawn
Canton Bancshares, I n c . , Canton, South Dakota, for
approval to acquire the assets of Fairview Insurance Agency, Canton, South Dakota.
Delayed
Cen-La Bancshares, I n c . , Marksvi11e, Louisiana,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (the sale of general insurance in a
town with a population not exceeding f i v e thousand; the types of insurance sold w i l l be a l l
types of l i f e insurance, health and d i s a b i l i t y ,
f i r e and casualty and automotive) at 208 South
Main Street, Marksville, Louisiana, the area to
be served w i l l be the Central Louisiana area,
p r i n c i p a l l y in and around Avoyelles Parish, through
i t s subsidiary, Cenla Insurance Agency, Inc.
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1982 No. 39
- 13 -
ACTIONS OF THE BOARD - Continued
San
Francisco
Kansas City
New York
Cleveland
37
Utah Bancorporation, Salt Lake C i t y , Utah, n o t i f i cation of intent to engage i n de novo a c t i v i t i e s
( f o r the i n d u s t r i a l loan corporation a c t i v i t i e s
of the subsidiary in the manner authorized by Utah
state law, including the acceptance of time and
savings deposits and making, acquiring and servicing loans and other extensions of c r e d i t ) at
the corner of 2300 East and 3300 South, Salt Lake
C i t y , Utah, serving the market area surrounding
the l o c a t i o n , through i t s subsidiary, I n t e r mountain T h r i f t and Loan (9/20/82)
Reactivated
uent, I n c . , G r i n n e l l , Kansas, n o t i f i c a t i o n of intent
t o engage in de novo a c t i v i t i e s (making, f o r i t s
own account or f o r the account of others, loans
and other extensions of c r e d i t including issuing
l e t t e r s of c r e d i t and accepting d r a f t s ) at 404
E. Front, Oakley, Kansas, serving an area within
a f i f t e e n mile radius of the communities of Oakley
and G r i n n e l l , Kansas (9/23/82) Zj
Permitted
Horizon Bancorp, Morristown, New Jersey, requests
permission to establish a de novo o f f i c e engaging
in the following a c t i v i t i e s (performing and
carrying on the functions and a c t i v i t i e s of a
t r u s t company as set f o r t h in Section 225.4(a)(4)
of Regulation Y) at Horizon Trust Company National
Association, C/0 Princeton Bank, Church Road, Mount
Laurel, New Jersey, w i l l serve Burlington, Camden
and Gloucester Counties in New Jersey through i t s
subsidiary, Horizon Trust Company, National
Association (9/24/82) Z j
BancOhio Corporation, Columbus, Ohio, n o t i f i c a t i o n
of intent t o engage in de novo a c t i v i t i e s (making,
acquiring or servicing Tor i t s own account or f o r
the account of others, a l l types of residential
and commercial mortgage loans and other extensions
of c r e d i t (including issuing l e t t e r s of credit and
accepting d r a f t s ) and such other a c t i v i t i e s as are
incidental thereto) at 4650 East Broad Street,
Columbus, Ohio; 6900 North High Street, Worthington
Ohio; 1710 Atrium One, Fourth and Main Street,
C i n c i n n a t i , Ohio; Suite 1020, 111 West F i r s t Street
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 39
- 14 -
ACTIONS OF THE BOARD - Continued
Dayton, Ohio; 1414 East Ninth Street, Cleveland,
Ohio; and 155 East Broad Street, Columbus, Ohio,
through i t s subsidiary, BancOhio Mortgage Company
(9/20/82) 3/
Richmond
NCNB Corporation, Charlotte, North Carolina, n o t i f i cation of intent t o engage in de novo a c t i v i t i e s
(engage i n the sale at r e t a i l of money orders
having a face value of not more than $1000) in
Alexander C i t y , Auburn, Eufaula, Greenville,
P r a t t s v i l l e and Troy in the State of Alabama; in
Albemarle, AsheviHe, Brevard, Canton, Concord,
Elizabethtown, Forest C i t y , Gastonia, Goldsboro,
Hendersonville, Laurinburg, Morehead C i t y , Rockingham, Sanford, Silver C i t y , Sylva, Wallace and Wei son
i n the State of North Carolina; i n Aiken, Anderson,
Beaufort, Bennettsville, Camden, Charleston Heights,
Cheraw, Columbia, Conway, D i l l o n , Florence, Gaffney,
Georgetown, Greenwood, Kinstree, Lexington, Manning,
M u l l i n s , Myrtle Beach, N. Myrtle Beach, Orangeburg,
Rock H i l l , Seneca, Spartansburg, Sumter Union,
Walterboro and Winsboro in the State of South Carolina;
in Athens, Cleveland, Columbia, Covington, Dickson,
Dyersburg, Franklin, Greenville, Hendersonville,
Humboldt, Huntingdon, Knoxville, L a J o l l e t t e ,
Lawrenceburg, Lewisburg, Lexington, Livingston, Manchester, McMinnville, Newport, Paris, Pulaski, Rogerv i l l e , Savannah, S p r i n g f i e l d , Union City and Winchester
in the State of Tennessee; in Bartow, Brandon, Brooksv i 1 l e , Dade C i t y , Del and, Gainesville, Jacksonville,
Lakeland, Leesburg, Melbourne, Miami, Naples, New Port
Richey, Oakland Park, Orange Park, Orlando, Palatka,
Panama C i t y , Pensacola, Port Charlotte, Sarasota, St.
Petersburg, Tallahassee, Tampa, Temple Terrace, West
Palm Beach, Winter Haven and Winter Park in the State
of F l o r i d a ; in Albany, Columbus, Savannah and Statesboro i n the State of Georgia and also in Chattanooga,
Tennessee, through i t s subsidiary, TranSouth Financial
Corporation (9/23/82) 3/
Richmond
NCNB Corporation, Charlotte, North Carolina, n o t i f i c a t i o n
of intent t o relocate a de novo o f f i c e (making d i r e c t
loans f o r consumer and other purposes, purchasing ret a i l installment notes and contracts and acting as
agent for the sale of c r e d i t l i f e , c r e d i t accident and
health and physical damage insurance d i r e c t l y related
to i t s extensions of c r e d i t through i t s subsidiary,
37
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board
of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 39
- 15 -
ACTIONS OF THE BOARD - Continued
TranSouth Financial Corporation of Florida; and
making d i r e c t loans for consumer and other purposes under the general usury statutes, purchasing
r e t a i l installment notes and contracts, making
d i r e c t loans to dealers for the financing of i n ventory ( f l o o r planning) and working capital purposes and acting as agent f o r the sale of c r e d i t
l i f e , c r e d i t accident and health and physical
damage insurance d i r e c t l y related t o i t s extensions
of c r e d i t through i t s subsidiary, TranSouth
Mortgage Corporation of Florida) from 143 Bull
Street t o 6409 Abercorn Street, Savannah, Georgia,
through i t s subsidiaries, TranSouth Financial Corporation of Florida and TranSouth Mortgage Corporation
of Florida (9/23/82) 3/
Richmond
Northwestern Financial Corporation, North Wilkesboro,
North Carolina, n o t i f i c a t i o n of intent to engage in
de novo a c t i v i t i e s (making, acquiring, and servicing
TTrst mortgage loans such as would be made by a
mortgage banking company) at 3508 University Drive,
Durham, North Carolina, serving the counties of
Durham, Orange and Chatham, North Carolina, through
i t s subsidiary, F i r s t A t l a n t i c Corporation
(9/23/82) 3/
Atlanta
F i r s t Railroad 4 Banking Company of Georgia, Augusta,
Georgia, n o t i f i c a t i o n of Intent t o engage in de novo
a c t i v i t i e s (making consumer installment loans secured by note, household goods, and f i r s t or second
mortgages on real estate up to $15,000; purchasing
installment sales contracts up t o $3,500; underw r i t i n g c r e d i t l i f e and accident and health insurance;
and s e l l i n g as agent, property insurance in connection
with i t s loan and Installment sales contracts) in
Seneca, South Carolina, covering a service area encompassing Oconee County, through i t s subsidiary, CMC
Group, Inc. (9/23/82) 3/
Chicago
United Central Bancshares, I n c . , Des Moines, Iowa,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
( i n management consulting advice on an e x p l i c i t fee
basis t o n o n a f f i l i a t e d banks regarding the establishment and administration of equipment leasing
programs in which the lease is to serve as the funct i o n a l equivalent of an extension of credit to the
77
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board
of Governors under delegated authority.
H.2, 1982 No. 39
-
16 -
ACTIONS OF THE BOARD - Continued
lessee of the property; such management consulting
advice t o include various aspects of planning and
commencing an equipment leasing program, such as,
leasing program organization, development of forms
and documents, i n s t i t u t i o n a l funding sources and
a l t e r n a t i v e s , personnel t r a i n i n g , marketing, and
lease transaction administration and management
consulting advice regarding the immplementation
and continued operation of an equipment leasing
program) at Suite 900, United Central Bank Building,
6th at Locust, Des Moines, Iowa, serving the State
of Iowa, Minnesota, Wisconsin, I l l i n o i s , Missouri,
Kansas, North Dakota, South Dakota, Colorado, Oklahoma, Nebraska, Arkansas, Kentucky and Indiana,
through i t s subsidiary UCB Leasing Corporation
(9/21/82) 3/
Kansas City
Jent, I n c . , G r i n n e l l , Kansas, n o t i f i c a t i o n of intent
t o enrage i n de novo a c t i v i t i e s (making, f o r i t s
own account or f o r the account of others, loans
and other extensions of c r e d i t including issuing
l e t t e r s of c r e d i t and accepting d r a f t s ) at 404
E. Front, Oakley, Kansas, serving an area w i t h i n
a f i f t e e n mile radius of the communities of Oakley
and G r i n n e l l , Kansas (9/24/82) 3/
San
Francisco
Security Pacific Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent t o engage i n de novo a c t i v i t i e s
( i n making or acquiring f o r i t s own account or f o r the
account of others, asset based business loans and other
commercial or i n d u s t r i a l loans and extensions of c r e d i t
such as would be made by f a c t o r i n g , rediscount or
commercial finance companies and leasing and servicing
a c t i v i t i e s with respect t o personal property and equipment and real property) in A t l a n t a , Georgia, serving
the United States, through i t s subsidiary, Security
Pacific Finance Corp. (9/24/82 3/
37
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board
of Governors under delegated a u t h o r i t y .
H.2, 1982 No. 39
- 17 APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant
to Section 9 of the Federal Reserve Act
New York
The Bank of New York, New York, New York. Requests
permission to establish f i v e o f f s i t e electronic
f a c i l i t y o f f i c e s at the following locations:
(1) Elmwood Village Drug Mart, 202 West Utica
Street, City of Buffalo, Erie County, New York;
(2) JCB Supermarket, I n c . , D/B/A Tops Market,
409 Niagara Street, City of Buffalo, Erie County,
New York; (3) Tops, I n c . , 42390 McKinley Parkway,
[Unincorporated area], Town of Hamburg, Erie
County, New York; (4) Tops, I n c . , 419 West Main
Street, Batavia, Genesee County, New York;
(5) 2125 Seneca, I n c . , D/B/A B-Kwik Market,
1989 Seneca St. City Buffalo, Erie County, New
York. 2/
Philadelphia
The Bank of New Jersey, Moorestown, New Jersey.
To establish an o f f s i t e electronic f a c i l i t y at
Cooper Medical Center, One Cooper Plaza, Camden,
New Jersey. 2/
Philadelphia
Girard Bank, Bala-Cynwyd, Pennsylvania.
To establ i s h an o f f s i t e electronic f a c i l i t y at 43 South
York Road, Hatboro, Pennsylvania. 2/
Richmond
Bank of V i r g i n i a , Richmond, V i r g i n i a . Permission
to establish a customer-bank communication
terminal at 8103 Old Dominion Drive, McLean,
V i r g i n i a . 2/
Richmond
Central F i d e l i t y Bank, Northern V i r g i n i a , Bailey's
Crossroads, V i r g i n i a . To establish a branch at
8117 Leesburg Pike, Vienna, Fairfax County,
V i r g i n i a . 2/
St. Louis
Tower Grove Bank and Trust Company, St. Louis,
Missouri. To establish a f a c i l i t y (branch)
at 6327 Chippewa S t . , St. Louis, St. Louis County,
Missouri. 2/
Dal las
F i r s t State Bank, Abilene, Texas. To establish an
o f f s i t e electronic f a c i l i t y at 6301 Buffalo Gap
Road, Abilene, Texas. 2/
~Tj Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
#
H.2, 1982 No. 39
- 18 -
APPLICATIONS RECEIVED - Continued
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Philadelphia
F i r s t Peoples Bank of New Jersey, Haddon Township,
New Jersey.
Chicago
Colonial Bank of Schaumburg, Schaumburg, I l l i n o i s . 2]
Minneapolis
M&M Bank, Calumet, Michigan. 2J
*
*
*
*
*
To Merge Pursuant to Section 18(c) of
the Federal Deposit Insurance Act
Minneapolis
M&M Bank, Calumet, Michigan, to merge with
Merchants and Miners Bank, Calumet, Michigan. ZJ
*
*
*
*
*
Applications and Notifications for International
Investments and Other Actions Pursuant to Sections
25 and 25(a) of the Federal Reserve Act and Sections
4(c)(9) and 4(c)(13) of the Bank Holding Company
,
Act of 1956, as amended
New York
Citibank, New York, New York: p r i o r n o t i f i c a t i o n
of i t s intent to make an additional investment
in Citibank (Luxembourg) S.A., Luxembourg.
New York
European American Bancorp, New York, New York:
p r i o r n o t i f i c a t i o n of i t s intent to establish
a wholly owned de novo company in Curacao,
Netherlands AntTTles to be named European
American Finance, N.V.
San
Francisco
BankAmerica International Financial Corporation,
San Francisco: requests consent to make a subordinated loan to BA Australia Limited, Sydney,
Australia.
YJ
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 39
- 19 -
APPLICATIONS RECEIVED - Continued
To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Philadelphia
Hanover Bancorp, I n c . , Hanover, Pennsylvania, f o r
approval t o acquire 100 percent of the voting
shares of the Bank of Hanover and Trust Company,
Hanover, Pennsylvania. 2/
Richmond
Peoples Bancorp, I n c . , Richwood, West V i r g i n i a ,
f o r approval t o acquire at least 80 percent of
the voting shares of Peoples Bank of Richwood,
I n c . , Richwood, West V i r g i n i a . 2/
Atlanta
F i r s t National Bank Holding Corporation, Pensacola,
F l o r i d a , f o r approval t o acquire 100 percent of
the voting shares of F i r s t National Bank of
Escambia County, Pensacola, Florida. 2/
Atlanta
F i r s t United Bancshares, I n c . , Montezuma, Georgia,
f o r approval to acquire 100 percent of the voting
shares of F i r s t United Bank, Montezuma, Georgia. 2/
Atlanta
Perry County Holding Company, Linden, Tennessee, f o r
approval t o acquire 96.1 percent of the voting
shares of F i r s t State Bank, Linden, Tennessee. 2/
Atlanta
State Bancshares, I n c . , Enterprise, Alabama, f o r
approval t o acquire at least 85 percent of the
voting shares of Coffee County Bank, Enterprise,
Alabama. 2/
Chicago
Community Bancshares of Canton, I n c . , Canton,
I l l i n o i s , f o r approval t o acquire 100 percent of
the voting shares of the successor by merger to
Community Bank & Trust Company, Canton, I l l i n o i s . 2J
Chicago
Fairmount Bancorp, I n c . , Fairmount, I l l i n o i s , f o r
approval t o acquire 80 percent or more of the
voting shares of The F i r s t National Bank of Fairmount, Fairmount, I l l i n o i s . 2/
Chicago
F i r s t Thomasboro Corporation, Thomasboro, I l l i n o i s ,
f o r approval t o acquire 90 percent of the voting
shares of The F i r s t National Bank of Thomasboro,
Thomasboro, I l l i n o i s . 2/
2/
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 39
-
20 -
APPLICATIONS RECEIVED - Continued
Chicago
I.V. Bancorp, I n c . , Peru, I l l i n o i s , for approval
t o acquire at least 80 percent of the voting
shares of F i r s t National Bank in Peru, Peru,
Illinois, y
Chicago
Maynard Savings Banshares, Maynard, Iowa, for approval
to acquire at least 83.6 percent of the voting
shares of The Maynard Savings Bank, Maynard, Iowa. 2/
St. Louis
Freeburg Bancorp, I n c . , Freeburg, I l l i n o i s , f o r
approval to acquire at least 80 percent of the voting
shares of The F i r s t National Bank of Freeburg, Freeburg, I l l i n o i s . 2/
St. Louis
Investors Services, I n c . , Fort Knox M i l i t a r y Reservation, Kentucky, f o r approval to acquire 100
percent of the voting shares of the successor by
merger to Fort Knox National Bank, Fort Knox
M i l i t a r y Reservation, Kentucky. 2/
S t . Louis
Pope County Bankshares, I n c . , R u s s e l l v i l l e , Arkansas,
f o r approval t o acquire at least 80 percent of the
voting shares of Peoples Bank & Trust Company,
R u s s e l l v i l l e , Arkansas. 2/
Minneapolis
Bryant Bancshares, I n c . , Bryant, South Dakota, f o r
approval t o acquire 100 percent of the voting shares
of the Bryant State Bank, Bryant, South Dakota. 2/
Minneapolis
Hazel ton Bancshares, I n c . , Hazel ton, North Dakota,
f o r approval t o acquire at least 94 percent of the
voting shares of Bank of Hazel t o n , Hazel ton, North
Dakta. 2/
Minneapolis
Hub Financial Corporation, Helena, Montana, for
approval t o acquire 80 percent of the voting shares
of the Valley Bank of Helena, Helena, Montana. 2/
Kansas City
Associated Bank Shares Corporation, Colorado Springs,
Colorado, f o r approval to acquire 25 percent of the
voting shares of Citizens National Bank, Colorado
Springs, Colorado. 2J
Kansas City
Commercial Bankstock, I n c . , Oklahoma C i t y , Oklahoma,
f o r approval t o acquire 87.14 percent of the voting
shares of Commercial Bank, N.A., Oklahoma C i t y ,
Oklahoma. 2/
TJ
Application subject t o Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1982 No. 39
-21 -
APPLICATIONS RECEIVED - Continued
Kansas City
F i r s t State Bancorp, I n c . , Pittsburg, Kansas, for
approval to acquire at least 80 percent of the
voting shares of F i r s t State Bank and Trust
Company, Pittsburg, Kansas. ZJ
Kansas City
H 8 H Bancshares, I n c . , White C i t y , Kansas, f o r
approval t o acquire 97.6 percent of the voting
shares of F i r s t National Bank of White C i t y ,
White C i t y , Kansas. ZJ
Dal las
Timpson Financial Corporation, Timpson, Texas, for
approval t o acquire at least 80 percent of the
voting shares of F i r s t State Bank, Timpson, Texas. 2/
Dallas
T r i n i t y Bancshares, I n c . , Dallas, Texas, for approval
to acquire 80 percent or more of the voting shares
of T r i n i t y National Bank of Dallas, Dallas, Texas. ZJ
San
Francisco
Crown Bancorp, Coronado, C a l i f o r n i a , for approval to
acquire 100 percent of the voting shares of Bank of
Coronado, Coronado, C a l i f o r n i a . 2/
San
Francisco
Frontier Bancorp, Vista, C a l i f o r n i a , for approval t o
acquire 100 percent of the voting shares of Frontier
National Bank (In Organization), Vista, C a l i f o r n i a . ZJ
San
Francisco
Northern Sierra Financial Corporation, Yreka, C a l i f o r n i a ,
f o r approval to acquire at least 80 percent of the
voting shares of Scott Valley Bank, Yreka, C a l i f o r n i a . ZJ
San
Francisco
San Clemente Bancorp, San Clemente, C a l i f o r n i a , f o r
approval to acquire 100 percent of the voting shares
of Bank of San Clemente, San Clemente, C a l i f o r n i a . 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Chicago
YJ
The Marion National Corporation, Marion, Indiana, for
approval to retain an additional 0.85 percent of the
voting shares of American Bank & Trust Company,
Marion, Indiana. 2/
Application subject to Community Reinvestment Act. The Community
A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted
as to the length of the comment period.
I
H.2, 1982 No. 39
-22-
APPLICATIONS RECEIVED - Continued
Kansas City
F i r s t Pioneer Bank Corp., Brush, Colorado, for
approval t o acquire at least 80 percent of The
Citizens National Bank of Akron, Akron, Colorado,
and The F i r s t National Bank of Wray, Wray, Colorado. 2/
Kansas City
Security Bancshares, I n c . , Albany, Missouri, for approval
to acquire an additional 19.96 percent of the voting
shares of Albany State Bank, Albany, Missouri. 2J
Dallas
Citizens State Financial Corporation, Corrigan, Texas,
for approval to acquire 100 percent of the voting
shares of RepublicBank Groveton, Groveton, Texas. 2/
Dallas
Texas American Bancshares I n c . , Fort Worth, Texas, f o r
approval t o acquire 100 percent of the voting shares
of Citizens National Bank of Temple, Temple, Texas. Zj
* * * * *
To Retain Bank Shares Acquired in a Fiduciary Capacity
Pursuant to Section 3 of the Bank Holding Company Act of 1956
San
Francisco
F i r s t Interstate Bancorporation, Los Angeles, Calif o r n i a , f o r approval for i t s subsidiary bank, F i r s t
Interstate Bank of C a l i f o r n i a , Los Angeles, California t o retain shares of Reynolds State Bank,
Reynolds, I l l i n o i s . 2J
To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
Dallas
2/
Commercial Bancshares, I n c . , Houston, Texas, f o r
approval t o acquire 100 percent of the voting
shares of CB&T Bancshares, I n c . , Cleveland, Texas
(Cleveland Bank & Trust, Cleveland, Texas and
Park National Bank, Porter, Texas, a proposed new
bank). 2J
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
•
H.2, 1982 No. 39
•
- 23 -
APPLICATIQNS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
New York
C i t i c o r p , New York, New York, requests permission to
establish a de novo o f f i c e engaging in the following
a c t i v i t i e s (the making or acquiring of loans and
other extensions of c r e d i t , secured or unsecured,
f o r consumer and other purposes; the sale of c r e d i t
related l i f e and accident and health or decreasing
or level [ i n the case of single payment loans] term
l i f e insurance by licensed agents or brokers as
required; the sale of consumer oriented financial
management courses; and the servicing, for any person,
of loans and other extensions of c r e d i t ; as a
necessary incident to i t s lending a c t i v i t i e s , f o r
the purpose of funding those a c t i v i t i e s , Citicorp
Person-to-Person Financial Center of Kansas, Inc.
w i l l issue investment c e r t i f i c a t e s , pursuant to the
Kansas Investment C e r t i f i c a t e Act; the service area
of the de novo subsidiary would be comprised of the
State of Kansas; credit related l i f e , accident and
health insurance may be w r i t t e n by Family Guardian
L i f e Insurance Company, an a f f i l i a t e of Citicorp
Person-to-Person Financial Center of Kansas, Inc.)
at 300 Pennsylvania National Building, 4370 W. 109
Street, Overland Park, Kansas, through i t s subs i d i a r y , Citicorp Person-to-Person Financial Center
of Kansas, Inc. (9/24/82)
New York
Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, requests permission
t o relocate an existing o f f i c e engaging in the
following a c t i v i t i e s ( ( i ) making direct consumer
loans, including loans secured by real estate, and
purchasing sales finance contracts representing
extensions of credit such as would be made or
acquired by a consumer finance company, and wholesale financing [ f l o o r planning] and ( i i ) acting as
agent for the sale of related credit l i f e , c r e d i t
accident and health and credit property insurance;
c r e d i t l i f e and credit accident and health insurance
sold as agent may be underwritten or reinsured by
Bare!aysAmericanCorporation's insurance underwriting
subsidiaries) from 111 East Walnut Street, Goldsboro,
North Carolina to 2419 East Ash Street, Goldsboro,
North Carolina, through i t s subsidiaries, BarclaysAmerican/Financial , I n c . , BarclaysAmerican/Financial
Services, I n c . , and BarclaysAmericanMortgage, Inc.
(9/24/82)
H.2, 1982 No. 39
-24-
APPLICATIONS RECEIVED - Continued
New York
The Chase Manhattan Corporation, New York, New
York, requests permission to establish a de novo
o f f i c e engaging in the following a c t i v i t i e s
(making or acquiring, for i t s own account or
f o r the account of others, loans and other extensions of c r e d i t secured by real estate
including, but not limited t o , f i r s t and second
mortgage loans secured by mortgages on one-tofour family residential properties, servicing
loans and other extensions of credit for any
person, s e l l i n g mortgage loans in the secondary
market, and o f f e r i n g mortgage term l i f e insurance,
accident and health insurance and d i s a b i l i t y i n surance d i r e c t l y related to such lending and
servicing a c t i v i t i e s ) at 10190 Old Katy Rd.,
Houston, Texas, through i t s subsidiary, Chase
Home Mortgage Corporation (9/22/82)
New York
C i t i c o r p , New York, New York, requests permission
to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e
to include the following a c t i v i t y (making of
consumer loans secured by second mortgage or
second t r u s t l i e n s ; the a c t i v i t i e s contemplated
by the application include the taking of a p p l i cations, the preparation and execution of loan
documents, the disbursement of funds, account
servicing and other a c t i v i t i e s incidental to i t s
lending a c t i v i t i e s ) at Springfield Mall, P. 0.
Box 789, S p r i n g f i e l d , V i r g i n i a , the proposed
service area for the aforementioned a c t i v i t y
shall be the e n t i r e State of V i r g i n i a , through
i t s subsidiary, Citicorp Financial, Inc.
(9/21/82)
New York
C i t i c o r p , New York, New York, requests permission
to expand the a c t i v i t i e s of two e x i s t i n g o f f i c e s
to include the following a c t i v i t y (the making of
loans to individuals and businesses to finance
the purchase of mobile homes, modular units or
related manufactured housing, together with the
real property to which such housing is or w i l l
be permanently a f f i x e d , such property being used
f o r the loans) at 6100 Channingway Blvd., Suite
205, Columbus, Ohio, serving the entire State of
Ohio, and North Park Plaza, Suite 709., 17117
West Nine Mile Road, Southfield, Michigan, serving
the entire State of Michigan, through i t s subs i d i a r y , Citicorp Acceptance Company, Inc. (9/21/82)
H.2, 1982 No. 39
- 25 -
APPLICATIONS RECEIVED - Continued
New York
C i t i c o r p , New York, New York, requests permission
t o establish a de novo o f f i c e engaging in the
following a c t i v i t i e s (the making, acquiring and
s e r v i c i n g , f o r i t s own account and f o r the account
of o t h e r s , , of extensions of c r e d i t to individuals
secured by liens on residential or nonresidential
real estate and the sale of mortgage l i f e and
mortgage d i s a b i l i t y insurance d i r e c t l y related t o
extensions of mortgage loans) at 14900 Interurban
Avenue, Tukwila, Washington, the service area of
the o f f i c e would be comprised of the State of
Washington, through i t s subsidiary, Citicorp
Washington Financial Center, Inc.
New York
Manufacturers Hanover Corporation, New York, New York,
requests permission t o establish a de novo o f f i c e
engaging i n the following a c t i v i t i e s (making,
acquiring, and servicing commercial loans and other
extensions of c r e d i t , such as could be made, acquired
or serviced by a commercial finance company under
State law; such a c t i v i t i e s would include, but not be
l i m i t e d t o , engaging in commercial and business
financing of a l l types, and making loans secured by
residential real estate to individuals for business
purposes) at Route #1 and Old Lincoln Highway,
Trevose, Pennsylvania, t h i s o f f i c e w i l l serve the
e n t i r e United States, through i t s subsidiary, Finance
One Commercial Corporation (9/20/82)
New York
C i t i c o r p , New York, New York, requests permission to
establish two de novo o f f i c e s of i t s subsidiary,
C i t i c o r p Homeowners, Inc. ("CHI"), and to expand
the a c t i v i t i e s and service areas of two existing
o f f i c e s of i t s subsidiary, Citicorp Person-to-Person
Financial Center, Inc. (Delaware) ("CPFC"), at the
same locations; the a c t i v i t i e s in which the de novo
o f f i c e s of CHI propose to engage are (the maTTng or
acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, f o r consumer and other purposes ; the sale of c r e d i t related l i f e and accident
and health or decreasing or level ( i n the case of
single payment loans) term l i f e insurance by licensed
agents or brokers, as required; the sale of c r e d i t
related property and casualty insurance protecting
real and personal property subject to a security
agreement with CHI, and to the extent permissible
under applicable State insurance laws and regulations;
the sale of consumer oriented financial management
courses; the servicing, f o r any person, of loans and
other extensions of c r e d i t ; the making, acquiring,
H.2. 1982 No, 39
-26-
APPLICATIONS RECEIVED - Continued
and servicing, for i t s own account and for the
account of others, of extensions of credit to
individuals secured by liens on residential or
non-residential real estate; and the sale of
mortgage l i f e and mortgage d i s a b i l i t y insurance
d i r e c t l y related to extensions of mortgage loans;
the proposed service area of each of the de novo
o f f i c e s of CHI shall be comprised of the e n t i r e
State of California for a l l the aforementioned
proposed a c t i v i t i e s ; the previously approved
a c t i v i t i e s in which the o f f i c e s of CPFC engage
are, the making or acquiring of loans and other
extensions of c r e d i t , secured or unsecured, for
consumer and other purposes; the extension of
loans to dealers f o r the financing of inventory
[ f l o o r planning] and working capital purposes;
the purchasing and servicing f o r i t s own account
of sales finance contracts; the sale of c r e d i t
related l i f e and accident and health or decreasing
or level [ i n the case of single payment loans]
term l i f e insurance by licensed agents or brokers,
as required; the sale of c r e d i t related property
and casualty insurance protecting real and personal
property subject to a security agreement with CPFC,
and to the extent permissible under applicable
State insurance laws and regulations; and the
servicing, for any person, of loans and other extensions of c r e d i t ; the new a c t i v i t i e s in which
the o f f i c e s of CPFC propose to engage de novo are:
the sale of consumer oriented financiaTmanagement
courses; the making, acquiring, and servicing, for
i t s own account and f o r the account of others, of
extensions of c r e d i t to individuals secured by liens
on residential or non-residential real estate; and
the sale of mortgage l i f e and mortgage d i s a b i l i t y
insurance d i r e c t l y related to extensions of mortgage
loans; the proposed service area f o r each CPFC o f f i c e
for a l l previously approved and proposed a c t i v i t i e s
shall be comprised of the e n t i r e State of C a l i f o r n i a ;
c r e d i t related l i f e , accident, and health insurance
may be w r i t t e n by Family Guardian L i f e Insurance
Company, an a f f i l i a t e of CPFC and CHI at 2001 Gateway
Place (#100), San Jose, C a l i f o r n i a and 1990 North
California Blvd. (#101), Walnut Creek, C a l i f o r n i a ,
through i t s subsidiaries, Citicorp Homeowners, I n c . ,
and C i t i c o r p Person-to-Person Financial Center, Inc.
(Delaware) (9/21/82)
a
H.2, 1982 No. 39
- 27 -
APPLICATIONS RECEIVED - Continued
New York
C i t i c o r p , New York, New York, requests permission to
establish a de novo o f f i c e of i t s subsidiary,
Citicorp Homeowners, Inc. ("CHI"), and to expand
the a c t i v i t i e s and service area of an existing
o f f i c e of i t s subsidiary, Citicorp Person-to-Person
Financial Center, Inc. ("CPFC"), at the same locat i o n ; the a c t i v i t i e s in which the CHI o f f i c e proposes
t o engage are (the making or acquiring of loans and
other extensions of c r e d i t , secured or unsecured,
f o r consumer and other purposes; the sale of credit
related l i f e and accident and health or decreasing
or level [ i n the case of single payment loans] term
l i f e insurance by licensed agents or brokers, as
required; the sale of consumer oriented financial
management courses; the servicing; f o r any person,
of loans and other extensions of c r e d i t ; the making,
acquiring, and servicing, f o r i t s own account and for
the account of others, of extensions of credit to
individuals secured by liens on residential or nonresidential real estate; and the sale of mortgage
l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y
related t o extensions of mortgage loans; the proposed
service area f o r the de novo o f f i c e of CHI shall be
comprised of the e n t i r e State of South Carolina f o r
a l l the aforementioned proposed a c t i v i t i e s ; the new
a c t i v i t i e s in which the o f f i c e of CPFC proposes to
engage de novo are: the making, acquiring, and
servicing, f o r i t s own account and f o r the account
of others, of extensions of c r e d i t to individuals
secured by liens on residential or non-residential
real estate; and the sale of mortgage l i f e and
mortgage d i s a b i l i t y insurance d i r e c t l y related to
extensions of mortgage loans; the proposed service
area shall be comprised of the e n t i r e State of
South Carolina f o r the aforementioned proposed
a c t i v i t i e s and f o r the following a c t i v i t i e s which
have been previously approved for CPFC: the making
or acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, f o r consumer and other purposes;
the extension of loans to dealers for the financing of
inventory [ f l o o r planning] and working capital purposes; the purchasing and servicing for i t s own
account of sales finance contracts; the sale of c r e d i t
related l i f e and accident and health or decreasing or
level [ i n the case of single payment loans] term l i f e
insurance by licensed agents or brokers, as required;
the sale of consumer oriented financial management
courses; and the servicing, for any person, of loans
and other extensions of c r e d i t ; c r e d i t related l i f e ,
accident, and health insurance may be w r i t t e n by
1
H.2, 1982 No. 39
- 28 -
APPLICATIONS RECEIVED - Continued
Family Guardian L i f e Insurance Company, an
a f f i l i a t e of CPFC and CHI) at 2768 Decker Blvd.,
Columbia, South Carolina, through i t s subs i d i a r i e s , Citicorp Homeowners, Inc. and C i t i corp Person-to-Person Financial Center, I n c . ,
(9/21/82)
New York
C i t i c o r p , New York, New York, requests permission
to establish two de novo o f f i c e s of i t s subsidiary,
Citicorp Homeowners, Inc. ("CHI"), and to expand
the a c t i v i t i e s and service areas of two e x i s t i n g
o f f i c e s of i t s subsidiary, Citicorp Person-toPerson Financial Center, Inc. ("CPFC"), at the
same locations; the a c t i v i t i e s in which the CHI
o f f i c e s propose to engage are (the making or
acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, for consumer and other purposes; the sale of c r e d i t related l i f e and accident
and health or decreasing or level [ i n the case of
single payment loans] term l i f e insurance by licensed
agents or brokers, as required; the sale of credit
related property and casualty insurance protecting
real and personal property subject to a security
agreement with CHI and to the extent permissible
under applicable State insurance laws and regulations;
the sale of consumer oriented financial management
courses; the servicing, for any person, of loans and
other extensions of c r e d i t ; the making, acquiring,
and servicing, for i t s own account and for the account
of others, of extensions of c r e d i t to individuals
secured by liens on residential or non-residential
real estate; and the sale of mortgage l i f e and mortgage
d i s a b i l i t y insurance d i r e c t l y related to extensions of
mortgage loans. The proposed service areas for the CHI
o f f i c e s shall be comprised of the e n t i r e State of California f o r the Stockton, California o f f i c e and for the
Sacramento, California o f f i c e ; the previously approved
a c t i v i t i e s in which the CPFC o f f i c e s engage are: the
making or acquiring of loans and other extensions of
c r e d i t , secured or unsecured, for consumer and other
purposes; the extension of loans to dealers for the
financing of inventory [ f l o o r planning] and working
capital purposes; the purchasing and servicing for
i t s own account of sales finance contracts; the sale
of credit related l i f e and accident and health or
decreasing or level [ i n the case of single payment loans]
term l i f e insurance by licensed agents or brokers, as required; the sale of c r e d i t related property and casualty
insurance protecting real and personal property subject
t o a security agreement with CPFC, and to the extent
1
H.2, 1982 NO. 39
- 29 -
APPLICATIONS RECEIVED - Continued
permissible under applicable State insurance laws
and regulations; the sale of consumer oriented
f i n a n c i a l management courses; and the servicing
f o r any person, of loans and other extensions of
c r e d i t ; the new a c t i v i t i e s in which the CPFC o f f i c e s
propose t o engage de novo are: the making, acquiring
and servicing, f o r i t s own account and for the
account of others, of extensions of credit t o
individuals secured by liens on residential or nonresidential real estate; and the sale of mortgage
l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y
related to extensions of mortgage loans. The proposed service areas f o r the CPFC o f f i c e s f o r a l l
previously approved and proposed a c t i v i t i e s shall be
comprised of the e n t i r e State of C a l i fo rn i a f o r both
o f f i c e s ; c r e d i t related l i f e , accident, and health
insurance may be w r i t t e n by Family Guardian L i f e
Insurance Company, an a f f i l i a t e of CPFC and CHI)
at 5405 N. Pershing, Building B, Stockton, C a l i f o r n i a and 821 Howe Avenue, Sacramento, C a l i f o r n i a ,
through i t s subsidiaries, Citicorp Homeowners, Inc.
and Citicorp Person-to-Person Financial Center, Inc.
(9/21/82)
Atlanta
CNB Bancshares Corporation, New Orleans, Louisiana,
f o r approval to acquire 100 percent of the voting
shares of T h r i f t Acceptance Corporation, New Orleans,
Louisiana.
Atlanta
Southwest Florida Banks, I n c . , Fort Myers, Florida,
n o t i f i c a t i o n of intent t o engage in de novo
a c t i v i t i e s ( i n acting as agent in the sale of
c r e d i t l i f e insurance in connection with extensions
of c r e d i t at i t s a f f i l i a t e , the Peoples Bank of
Pasco County, El feres, Florida) at 690 State Road 54,
El feres, F l o r i d a , serving the surrounding Pasco
County area, through i t s subsidiary, Southwest
Financial Services, Inc. (9/14/82)
St. Louis
Area Bancshares Corporation, Hopkinsville, Kentucky,
f o r approval t o enter into a j o i n t venture through
the acquisition of 50 percent of the voting shares
of DATANET, I n c . , Hopkinsville, Kentucky.
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s (consumer and commerci al~Tinance, and
the sale of c r e d i t - r e l a t e d insurance), t h i s n o t i f i c a t i o n i s f o r ' ( i ) the relocation of an existing
o f f i c e at 6026 Maple Street, Omaha, Nebraska t o
H.2, 1982 No. 39
- 30 -
APPLICATIONS RECEIVED - Continued
Maple 108 Shopping Center, Suite C, Unit 3,
108th and Maple, Omaha, Nebraska and ( i i ) the
relocation of an existing o f f i c e at 120 West
Third Street, Grand Island, Nebraska to l i e
de Grand Shopping Center, 2339 North Webb Road,
Grand Island, Nebraska, through i t subsidiary,
Dial Finance Company of Nebraska (9/20/82)
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s (consumer and commercialTinance,
and the sale of c r e d i t - r e l a t e d insurance) from
Route 23 South, Franklin, New Jersey, which o f f i c e
upon relocation, w i l l serve the town of Sussex,
New Jersey, the surrounding rural area and nearby
towns to the Sussex Station, Suite 104, Sussex,
New Jersey, through i t s subsidiary, Dial Finance
Company of New Jersey Inc. (9/20/82)
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s (consumer and commercial - Finance, and
the sale of c r e d i t - r e l a t e d insurance) from 10617
France Avenue South, Bloomington, Minnesota, which
o f f i c e , upon relocation, w i l l serve substantially |
the same geographical area as the e x i s t i n g o f f i c e I
t o The Burnhill Plaza, Store #13, 1250 West County!
Road, B u r n s v i l l e , Minnesota, through i t s subI
s i d i a r i e s , Dial Finance Company of Minnesota, Dial
Industrial Finance Company of Minnesota and Dial j
Finance Company of Minnesota No. 1 (9/20/82)
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s from 123 Federal Plaza West Youngstown,
Ohio to 7510 Market Street, Youngstown, Ohio,
through i t s subsidiaries, Dial Finance Company
of Ohio, F i r s t D i a l , Inc. and Dial Finance Company
of Ohio No. 1, Inc. (9/20/82)
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent t o relocate de novo
a c t i v i t i e s (consumer and commercial finance,
and the sale of c r e d i t - r e l a t e d insurance) from
K Mart Plaza, Fargo, North Dakota, to LaBelle's
Plaza Shopping Center, Store #5, 3220 13th Avenue
South, Fargo, North Dakota, through i t s subsidiary
Dial Finance Company of North Dakota (9/20/82)
H.2, 1982 No. 39
- 31 -
APPLICATIONS RECEIVED - Continued
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s (consumer and commercial finance, and
the sale of c r e d i t - r e l a t e d insurance) from 7131
South Western Avenue, Westernview Shopping Center,
Oklahoma C i t y , Oklahoma, t o 8514 South Pennsylvania
Avenue, Oklahoma C i t y , Oklahoma, through i t s subs i d i a r y , Dial Finance Company of Oklahoma, Inc.
(9/20/82)
San
Francisco
BankAmerica Corporation, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s ( i n the a c t i v i t y of underwriter,
i n i t i a l l y as reinsurer, to the extent permitted
by relevant State law, f o r c r e d i t - r e l a t e d l i f e
insurance and c r e d i t - r e l a t e d accident and health
Insurance which is d i r e c t l y related to extensions
of c r e d i t by BankAmerica Corporation and i t s nonbank subsidiaries) at 433 C a l i f o r n i a Street, San
Francisco, Ca l i fo rn i a serving the State of
Washington, through i t s i n d i re ct subsidiary, BA
Insurance Company, Inc. (a California corporation)
(9/24/82)
San
Francisco
BankAmerica Corporation, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage i n de novo ( i n
the a c t i v i t y of underwriter, i n i t i a l l y as reinsurer,
t o the extent permitted by relevant State law, f o r
c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d
accident and health insurance which is d i r e c t l y
related to extensions of c r e d i t by BankAmerica
Corporation and i t s nonbank subsidiaries) at 433
C a l i f o r n i a Street, San Francisco, C a l i f o r n i a ,
serving the States of Alabama, C a l i f o r n i a , Louisiana,
M i s s i s s i p p i , and South Carolina, through i t s i n d i r e c t
subsidiary, BA Insurance Company, Inc. (a California
corporation) (9/20/82)
San
Francisco
Frontier Bancorp, Vista, C a l i f o r n i a , for approval to
acquire 100 percent of the voting shares of Frontier
Finance Company, Vista, California
San
Francisco
U.S. Bancorp, Portland, Oregon, for approval to acquire
the assets and certain personnel of the data processing department of American City Bank, Los Angeles,
California.
I
H.2, 1982 No. 39
-32-
APPLICATIONS RECEIVED - Continued
San
Francisco
Wells Fargo & Company, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s (acting as agent f o r credit l i f e and
d i s a b i l i t y insurance related to extensions of
c r e d i t or the provision of other financial
services by Wells Fargo & Company or i t s subs i d i a r i e s , t o the extent permissible under
applicable State insurance laws or regulations)
San Francisco, C a l i f o r n i a , serving the United
States of America, through i t s subsidiary, Wells
Fargo Insurance Services (9/22/82)
San
Francisco
Wells Fargo & Company, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent t o engage in de novo
a c t i v i t i e s (acting as agent f o r credit l i f e and
d i s a b i l i t y insurance related to WFAC's extensions
of c r e d i t , t o the extent permissible under a p p l i cable State insurance laws or regulations) in
Englewood, Colorado; Tulsa, Oklahoma; St. Louis,
Missouri; B i l l i n g s , Montana; and Spokane, Washington,
serving the United States of America, through i t s
subsidiary, Wells Fargo AG Credit (9/22/82)
*
*
*
*
*
REPORTS RECEIVED
None
PETITIONS FOR RULEMAKING
None
1
@FedFRASER