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ANNOUMCETiRMT BY BOARD OF GOWRNORS OF THE FEDFRAL RESERVE SYSTEM H. 2 A p p l i c a t i o n s arid Reports Received o r Acted on 1970 - N o . 39 During t h e Week Ended September 26, 1970. C u r r e n t Report F i l e d P u r s u a n t t o S e c t i o n 13 of t h e S e c u r i t i e s Exchange Act Received S t a t e S t r e e t Bank and T r u s t Company, B o s t o n , Massachusetts. (June 1970) 9-23-70 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. 9 - 2 5 - 7 0 (August 1970) * * * * * 3 To Become a Member of t h e F e d e r a l Reserve System P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Reserve Act Approved The Hamilton Bank, Hamilton Township, New J e r s e y . * * * * * 10 To Withdraw from Membership i n t h e F e d e r a l Reserve System Without a S i x Month N o t i c e as P r e s c r i b e d by S e c t i o n 9 of t h e F e d e r a l Reserve Act Received F i r s t American Bank and T r u s t Company, P u r c e l l , Oklahoma. * * * * * H. 2 No. 39 2 • 2— To E s t a b l i s h a Domestic Branch P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Reserve Act Received Bank of S u f f o l k County, Stony Brook, New York. Branch i n t h e immediate neighborhood of t h e North Fork Shopping C e n t e r , U n i n c o r p o r a t e d V i l l a g e of C u s t c h o g u e , Town of S o u t h o l d , S u f f o l k County, 3 Bank of D e l a w a r e , Wilmington, Delaware. Branch a t 1009 North Union S t r e e t , Wilmington, New C a s t l e County. 4 The S y l v a n ! a Savings Bank Company, S y l v a n i a , Ohio. Branch a t t h e s o u t h w e s t c o r n e r of Southwyck Boulevard and Cheyenne B o u l e v a r d , T o l e d o , Lucas County. 7 F i r s t Michigan Bank and T r u s t Company, Z e e l a n d , Michigan. Branch a t 365 B u t t e r n u t D r i v e , H o l l a n d Township, Ottawa County. 3 7 7 Approved * * G i r a r d T r u s t Bank, P h i l a d e l p h i a , P e n n s y l v a n i a . Branch a t 354 W. L a n c a s t e r Avenue, H a v e r f o r d , Lower Merion Township, Montgomery County. * T r a v e r s e C i t y S t a t e Bank, T r a v e r s e C i t y , Michigan. Branch a t 1201 South D i v i s i o n S t r e e t , C i t y of T r a v e r s e C i t y , Grand T r a v e r s e County. Denied by S t a t e L i b e r t y S t a t e Bank & T r u s t , Hamtramck s Michigan. Branch a t 37517 H a r p e r S t r e e t , C l i n t o n Township, Macomb County. * * * * A * ** 11 To Carry Reduced Reserves P u r s u a n t t o S e c t i o n 19 of t h e F e d e r a l Reserve Act Received Guaranty N a t i o n a l Bank, H o u s t o n , T e x a s . 11 P e o p l e s N a t i o n a l Bank of S p r i n g Branch, H o u s t o n , Te xa s , A p p l i c a t i o n approved by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . A p p l i c a t i o n p r o c e s s e d by t h e A c t i n g D i r e c t o r of t h e D i v i s i o n of S u p e r v i s i o n and R e g u l a t i o n on b e h a l f of t h e Board of Governors u n d e r d e l e g a t e d a u t h o r i t y . H. 2 No. 39 5 -3- To E s t a b l i s h art Overseas Branch of a Member Bank P u r s u a n t t o S e c t i o n 25 of t h e F e d e r a l Reserve Act Received F i r s t & Merchants N a t i o n a l Bank, Richmond 9 V i r g i n i a . Branch i n Nassau, Bahamas „ * 5 * * * * To O r g a n i z e , or I n v e s t i n , a C o r p o r a t i o n Doing F o r e i g n Banking and O t h e r F o r e i g n F i n a n c i n g P u r s u a n t t o S e c t i o n 25 or 2 5 ( a ) of t h e F e d e r a l Reserve Act F i n a l Permit Issued V i r g i n i a Commonwealth I n t e r n a t i o n a l , Richmond, V i r g i n i a . * * * * * 5 To Merge P u r s u a n t t o S e c t i o n 18(c) of t h e F e d e r a l D e p o s i t I n s u r a n c e Act Received New C i t i z e n s Bank, Poquoson, 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 merge C i t i z e n s Bank of Poquoson, Poquoson, V i r g i n i a , 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 . Approved Houston Bank & T r u s t Company, H o u 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 merge C i t i z e n s Bank, H o u s t o n , T e x a s , under t h e c h a r t e r of t h e f o r m e r and new t i t l e H o u s t o n - C i t i z e n s Bank & T r u s t Company. * * * * * H.2 No. 39 8 10 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 Approved F i r s t Arkansas Bankstock C o r p o r a t i o n , L i t t l e Rock, A r k a n s a s , f o r p r i o r a p p r o v a l t o become a bank h o l d i n g company through t h e a c q u i s i t i o n of 80 p e r c e n t or more of t h e v o t i n g s h a r e s of Arkansas F i r s t N a t i o n a l Bank, Hot S p r i n g s , A r k a n s a s . F i r s t New Mexico Bankshare C o r p o r a t i o n , Albuquerque, New Mexico, f o r p r i o r a p p r o v a l t o become a bank h o l d i n g company through t h e a c q u i s i t i o n of 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank of Rio A r r i b a , E s p a n o l a ; The Merchants Bank, G a l l u p ; F i r s t N a t i o n a l Bank i n Raton, Raton: and S e c u r i t y N a t i o n a l Bank of R o s w e l l , R o s w e l l , a l l i n New Mexico. * * * * * 5 6 12 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 F i r s t V i r g i n i a Bankshares C o r p o r a t i o n , A r l i n g t o n , 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 t h e s u c c e s s o r by merger t o C i t i z e n s Bank of Poquoson, Poquoson, V i r g i n i a . Broward B a n c s h a r e s , I n c . , F o r t L a u d e r d a l e , 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 o r more of t h e v o t i n g s h a r e s of L a u d e r d a l e Lakes N a t i o n a l Bank, L a u d e r d a l e Lakes, F l o r i d a . F i r s t S e c u r i t y C o r p o r a t i o n , S a l t Lake C i t y , U t a h , 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 9 8 . 6 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t S e c u r i t y S t a t e Bank of S p r i n g v i l l e , S p r i n g v i l l e , Utah, a proposed new b a n k . * * * * *
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