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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1986 ,No. 39 Actions of the Board Applications and Reports Received During the Week Ending September 27 f 1986 Statement by Chairman Volcker before the Subcommittee on Trade of the House Committee on Ways and Means concerning the world economy, and particularly the U.S. Trade position and our increasing international indebtedness, September 24, 1986. Boston The Connecticut Bank and Trust Company, Hartford, Connecticut — proposed merger with Farmington Valley National Bank, Farmington, Connecticut — report to the Comptroller of the Currency on competitive factors. 1/ Boston Century North Shore Bank and Trust Company, Lynn, Massachusetts — proposed acquisition of assets and assumption of liabilities of St. Michaels's Credit Union — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ New York Manufacturers Hanover Trust Company, New York, New York — investment in bank premises. 1/ Richmond Bank of Northumberland, Incorporated, Heathsville, Virginia — investment in bank premises. 1/ Richmond Calvin B. Taylor Banking Co., Berlin, Maryland — proposed purchase of assets and assumption of liabilities to pay deposits made in three branches of Maryland National Bank, Baltimore, Maryland — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 39 - 2 - ACTIONS OF THE BOARD - Continued Richmond The Planters National Bank and Trust Company, Rocky Mount, North Carolina — proposed merger with Bank of Pilot Mountain, Pilot Mountain, North Carolina — report to the Comptroller of the Currency on competitive factors. 1/ Atlanta Liberty National Bank of Orlando, Orlando, Florida — extension to December 7, 1986 — to acquire Liberty National Bank of Orlando. 1/ Atlanta Florida Commercial Banks, Inc., Miami, Florida — extension to December 25, 1986, for Hugh F. Culverhouse to acquire additional shares. 1/ Atlanta Spivey Bank Shares, Inc., Swainsboro, Georgia extension to January 16, 1987 to acquire Spivey State Bank. 1/ Atlanta The Citizens and Southern Corporation, Atlanta, Georgia — extension to December 31, 1986 to engage in trust activities through Citizens and Southern Trust Company (Georgia), N.A. 1/ Atlanta First Union National Bank of Florida, Jacksonville, Florida — proposed merger with Island Bank, Holmes Beach, Florida — report to the Comptroller of the Currency on competitive factors. 1/ Chicago AmBank Financial Services, Inc., Rock Island, Illinois — extension to December 30, 1986, to acquire American Bank of Rock Island. 1/ Chicago The First National Bank of Wilmington, Wilmington, Illinois — proposed merger with The Second National Bank of Wilmington — report to the Comptroller of the Currency on competitive factors. 1/ Chicago Charter National Bank, Taylor, Michigan — proposed merger with National Bank, Wyandotte-Taylor — report to the Comptroller of the Currency on competitive factors. 1/ 1/ Application processed on behalf of the Board of Governor under delegated authority. H.2, 1986 No. 39 -3- ACTIONS OF THE BOARD - Continued Chicago First National Bank of Madison County, Anderson, Indiana — proposed merger with Madison Service National Bank — report to the Comptroller of the Currency on competitive factors. 1/ Chicago Citizens National Bank of Grant County, Marion, Indiana — proposed merger with Grant Service National Bank — report to the Comptroller of the Currency on competitive factors. 1/ Chicago The Rush County National Bank of Rushville, Rushville, Indiana — proposed merger with RCNC National Bank — report to the Comptroller of the Currency on competitive factors. 1/ Chicago Citizens National Bank of Whitley County, Columbia City, Indiana — proposed merger with Whitley Service National Bank — report to the Comptroller of the Currency on competitive factors. 1/ St. Louis Citizens Fidelity Bank and Trust Company Mercer County, Harrodsburg, Kentucky — proposed merger with Mercer County National Bank — report to the Comptroller of the Currency on competitive factors. 1/ St. Louis Arkansas Bank and Trust Company, Hot Springs, Arkansas — investment in bank premises. 1/ St. Louis Grenada Bank, Grenada, Mississippi — proposed merger with South Mississippi Bank, Prentiss, Mississippi — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ St. Louis Grenada Bank, Grenada, Mississippi — proposed merger with Mount Olive Bank, Mount Olive, Mississippi — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Kansas City Bank of Midlands, Papillion, Nebraska — proposed merger with Midlands Acquisition Corporation — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 39 -4- ACTIONS OF THE BOARD - Continued Kansas City Manhattan Banking Corporation, Manhattan, Kansas -- extension to October 22, 1986, to acquire Kansas State Bank of Manhattan. 1/ Dallas Fredonia Bancshares, Inc., Nacogdoches, Texas — extension to November 24, 1986, to acquire Fredonia State Bank. 1/ San Francisco Bank of Maui, National Association, Kahului, Maui, Hawaii — proposed merger with New Bank of' Maui, National Association — report to the Comptroller of the Currency on competitive factors. 1/ San Francisco Seafirst Corporation, Seattle, Washington — extension to October 1, 1986, to divest certain shares. 1/ San Francisco Peoples Ban Corporation, Seattle, Washington — extension to December 19, 1986 to engage de novo in discount brokerage through Peoples Discount Brokerage Company, Inc. 1/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Returned San Francisco Heritage Bank, Mesa, Arizona bank) (9/22/86) (a proposed new * * * * * Approved Boston Beach Bank, Seabrook, New Hampshire 1/ (9/26/86) Atlanta Banyan Bank, Boca Raton, Florida. (9/25/86) Atlanta Equitable Bank (formerly Professional Bank), North Miami Beach, Florida. 1/ (9/19/86) Dallas Sanger Bank, Sanger, Texas bank) 1/ (9/25/86)* 1/ (a proposed new * * * * * 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 39 _5 _ ACTIONS OF THE BOARD - Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Approved New York Chemical Bank, New York, New York — to establish a branch office at Inhilco, Inc., One World Trade Center, New York, New York. 1/ (9/25/86) New York Chemical Bank, New York, New York — to establish an offsite electronic facility at CBS Educational and Professional Publishing Company, Inc., 500 Summit Lake Drive, Valhalla, New York. 1/ (9/29/86) * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Approved Boston Beach Bank, Seabrook, New Hampshire — to merge with Seabrook Bank and Trust Company, Seabrook, New Hampshire. 1/ (9/26/86) Kansas City Mercantile Bank and Trust Company, Kansas City, Missouri — to merge with Mercantile Regional Bank, Kansas City, Missouri, Noland Road Mercantile Bank, Independence, Missouri, and Mercantile National Bank of Clay County, Kansas City, Missouri. 1/ (9/25/86) * * * * * To Form a Bank Holding Company Pursuant to Section 3(a ) (1) of the Bank Holding Company Act of 1956 Returned San Francisco Oregon Pacific Financial, Inc., Portland, Oregon — for approval to acquire 51.49 percent of the voting shares of Santiam Valley Bank, Aumsville, Oregon. (9/9/86)* * * * * * 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 39 _6- ACTIONS OF THE BOARD - Continued Approved Boston Coastal Bancorp, Portland, Maine — for approval to acquire 100 percent of the voting shares of Coastal Savings Bank, Portland, Maine, a proposed new bank. 1/ (9/26/86) Boston Seashore Bank Shares, Inc., Seabrook, New Hampshire — for approval to acquire 100 percent of the voting shares of Seabrook Bank and Trust Company, Seabrook, New Hampshire. 1/ (9/26/86) Atlanta First Sunbelt Bankshares, Inc., Rome, Georgia — for approval to acquire 100 percent of the voting shares of The Georgia State Bank of Rome, Rome, Georgia. 1/ (9/26/86) Atlanta First Suncoast Trust Bancshares, Inc., Atmore, Alabama — for approval to acquire 80 percent of the voting shares of The First National Bank of Atmore, Atmore, Alabama. 1/ (9/26/86) Atlanta North Georgia Bancshares, Inc., Canton, Georgia — for approval to acquire 100 percent of the voting shares of North Georgia Bank, (formerly North Georgia Savings and Loan Association), Canton, Georgia. 1/ (9/23/86) Chicago Jackson County Bankshares, Inc., Falls, Wisconsin — for approval 80 percent or more of the voting Jackson County Bank, Black River Wisconsin. 1/ (9/23/86) Chicago Rush County National Corporation, Rushville, Indiana — for approval to acquire 100 percent of the voting shares of The Rush County National Bank of Rushville, Rushville, Indiana. 1/ (9/26/86) St. Louis North Arkansas Bancshares, Inc., Jonesboro, Arkansas — for approval to acquire at least 94.6 percent of the voting shares of The Bank of Rector, Rector, Arkansas and Searcy County Bank, Marshall, Arkansas. 1/ (9/24/86) 1/ Black River to acquire shares of Falls, Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 39 -7 ACTIONS OF THE BOARD - Continued St. Louis Portland Bancshares, Inc., Portland, Arkansas — for approval to acquire at least 80 percent of the voting shares of Portland Bank, Portland, Arkansas. 1/ (9/26/86) St. Louis Silex Bancshares, Inc., Silex, Missouri — for approval to acquire at least 90 percent of the voting shares of Silex Banking Company, Silex, Missouri. 1/ (9/24/86) Dallas Fidelity Bancorp, Inc., Houston, Texas — for approval to acquire 100 percent of the voting shares of Northport National Bank, Houston, Texas. 1/ (9/25/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Approved Cleveland Banc One Corporation, Columbus, Ohio — for approval to acquire 100 percent of the voting shares of The Citizens State Bank, Sturgis, Michigan. 1/ (9/25/86) Cleveland Banc One Corporation, Columbus, Ohio — for approval to acquire 100 percent of the voting shares of First National Bank of Fenton, Fenton, Michigan. 1/ (9/26/86) Richmond CCB Financial Corporation, Durham, North Carolina — for approval to acquire 100 percent of the voting shares of Republic Bank & Trust Co., Charlotte, North Carolina. 1/ (9/26/86) Richmond First Union Corporation, Charlotte, North Carolina — for approval to acquire 100 percent of the voting shares of First Railroad and Banking Company of Georgia, Augusta, Georgia and indirectly acquire its 14 subsidiary banks. (9/22/86) Richmond Mountaineer Bankshares of West Virginia, Inc., Martinsburg, West Virginia — for approval to acquire 100 percent of the voting shares of First National Bank at Salem, Salem, West Virginia. 1/ (9/26/86) 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 39 -8- ACTIONS OF THE BOARD - Continued Atlanta Central Bancshares of the South, Inc., Birmingham, Alabama — for approval to acquire 100 percent of the voting shares of Jacksonville State Bank, Jacksonville, Alabama. 1/ (9/24/86) Atlanta HomeBanc Corporation, Guntersvilie, Alabama — for approval to acquire 100 percent of the voting shares of The Home Bank of Albertville, Albertville, Alabama. 1/ (9/25/86) St. Louis The Union of Arkansas Corporation, Little Rock, Arkansas — for approval to acquire Union Bank of Delaware, Newark, Delaware. (9/12/86) Dallas 1/ Brookhollow Bancshares, Inc., Dallas, Texas — for approval to acquire 100 percent of the voting shares of Brookhollow National Bank, Richardson, Texas (a proposed new bank) 1/ (9/25/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Approved Atlanta CB&T Bancshares, Inc., Columbus, Georgia — for approval to merge with First Camden Bancorporation, St. Marys, Georgia and indirectly acquire First National Bank of Camden County, St. Mary's, Georgia. 1/ (9/25/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Returned Chicago 1/ Kosciusko Financial, Inc., Mentone, Indiana — to engage de novo through, Kosciusko Credit Life, Mentone, Indiana, in insurance sales related only to an extension of credit by Farmers State Bank, Mentone, Indiana. (9/26/86) Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 39 -9- ACTIONS OF THE BOARD - Continued Kansas City Caliendo Bankcorp, Inc., Wichita, Kansas — for approval to acquire 100 percent of the voting shares of Sedgwick State Bank, Sedgwick, Kansas. (9/26/86) San Francisco BankAmerica Corporation, San Francisco, California — for approval to acquire Orbanco Real Estate Services Company, Portland; Orbanco Securities Corporation, Portland; American Data Services, Portland; and Mortgage Creditcorp, Portland, Oregon. (9/25/86) * * * * * Approved Atlanta North Georgia Bancshares, Inc., Canton, Georgia — for approval to engage in nonbanking activities through N.G.B.S. Investments, Inc., Canton, Georgia. (9/23/86) * * * * * Permitted Boston Chittenden Corporation, Burlington, Vermont ~ to engage de novo (providing management consulting services to depository institutions) through Chittenden Consulting Corporation, Burlington, Vermont. The activity would be conducted on a nationwide basis 3/ (9/24/86) New York The Mitsubishi Trust and Banking Corporation, Tokyo, Japan — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company) through its subsidiary, MTBC Finance, Inc. 3/ (9/26/86) Cleveland Ohio Bancorp, Youngstown, Ohio — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them). 3/ (9/26/86) 3/ Notification processed by ReserveBank on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 39 _10- ACTIONS OF THE BOARD - Continued Minneapolis Norwest Corporation, Minneapolis, Minnesota — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a consumer finance company; sales finance company; commercial finance company; engaging in full pay-out personal and real property leasing; providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them) through Norwest Financial Services, Inc., Des Moines, Iowa. The activities will be conducted in New York. 3/ (9/25/86) Dallas PSB Financial Corporation, Many, Louisiana — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company) through the acquisition of PSB Mortgage Corporation, Many, Louisiana. 3/ (9/24/86) Dallas Texas Community Bankers, Inc., Iredell, Texas — to engage de novo (issuing and retail selling of money orders with a face value not more than $1,000). 3/ (9/25/86) San Francisco San Diego Financial Corporation, San Diego, California — to engage de novo (providing portfolio investment advice to any person; providing economic information and advice, statistical forecasting services, and industry studies; providing financial advice to state and local governments) through San Diego Financial Capital Management, Inc. 3/ (9/24/86) Application to the Board of Governors of the Federal Reserve System for Prior Approval of an Acquisition Pursuant to Section 5 (b) of the Bank Service Corporation Act, as Amended Approved Chicago Northern Indiana Financial Service Corporation, Marion, Indiana — to engage de novo in credit related insurance agency activities and to acquire 100 percent of the voting shares of Grant Life Insurance Company, Phoenix, Arizona. 1/ (9/26/86) 1/ Application processed on behalf of the Board of Governors under delegated authority. 3/ Notification processed by ReserveBank on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 39 -11- ACTIONS OF THE BOABD - Continued * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Approved Atlanta Totalbank Corporation of Florida, Miami, Florida. 1/ (9/22/86) Kansas City Hedlund Bancshares, Ltd., Inc., Montezuma, Kansas. 1/ (9/23/86) Dallas Duncanville Bancshares, Inc., Duncanville, Texas. 1/ (9/25/86) 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1986 No. 39 - 12 - APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received New York Chemical Bank, New York, New York — to establish a branch office at U.S. Trust Company of New York, 770 Broadway, New York, New York. 2/ Cleveland The Fifth Third Bank of Columbus, Columbus, Ohio — to establish a CBCT branch at The Meiger Store CBCT? 6175 Sawmill Road, Dublin, Ohio. 2/ Cleveland Lorain County Bank, Elyria, Ohio — to establish a branch at The Abbewood, 1210 S. Abbe Road, Elyria, Ohio. 2/ San Francisco Valley Bank of Nevada, Las Vegas, Nevada application made for branch office in the vicinity of 3900 Paradise Road, City of Las Vegas, County of Clark, Nevada. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Received Chicago The American National Bank in Battle Creek, Battle Creek, Michigan. 2/ Chicago The American National Bank in Western Michigan, Allegan, Michigan. 2/ Chicago The American Bank of Three Rivers, National Association, Three Rivers, Michigan. 2/ Chicago The American National Bank-West, South Haven, Michigan. 2/ Chicago Bank One, Sturgis, Sturgis, Michigan (a proposed new bank). 2/ Chicago Central National Bank of St. Johns, Saint Johns, Michigan. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986 NO. 39 -13- APPLICATIONS RECEIVED - Continued * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Received Richmond United Virginia Bank, Richmond, Virginia — to merge with People's Bank of Chesapeake, Chesapeake, Virginia. 2/ Chicago Bank One, Sturgis, Michigan — to merge with The Citizens State Bank, Sturgis, Michigan. 2/ * * * * * Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9), 4(c) (13) and 4(c) (14) of the Bank Holding Company Act of 1956, as amended Received New York Citicorp, New York, New York for the Board's concurrence with the view that underwriting political risk insurance pertaining only to the internal operations of Citicorp or its subsidiaries through Citicorp Insurance Ltd., Hamilton, Bermuda, a captive insurance underwriting subsidiary, is a permissible servicing activity. 2/ New York Manufacturers Hanover Corporation, New York, New York — requests an extension of time to September 6, 1988 to dispose of an offshore oil drilling rig known as the "Mission Viking" that was acquired as a result of a debt previously contracted in good faith by Manufacturers Hanover Leasing Corporation, New York, New York. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986 No. 39 -14- APPLICATIONS RECEIVED - Continued New York The Norichukin Bank, Tokyo, Japan — requesting the Board's specific consent to retain, after two years of becoming a bank holding company, an investment of ten percent in the shares of Zen-Noh Grain Corporation, an export trading company, and its wholly-owned subsidiary, Zen-Noh Grain Export Corporation. 2/ * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Philadelphia Independence Bancorp, Inc., Perkasie, Pennsylvania — for approval to acquire Third National Bank and Trust Company of Scranton, Scranton, Pennsylvania. 2/ Cleveland IBT Bancorp,Inc., Irwin, Pennsylvania — for approval to acquire 100 percent of the voting shares of Irwin Bank and Trust Company, Irwin, Pennsylvania. 2/ Richmond Maxwell Corporation, Northfork, West Virginia — for approval to acquire 27.72 percent of the voting shares of Ameribank, Charleston, Charleston, West Virginia. 2/ Atlanta Pacific Bancshares, N. V . , Curacao, NA — approval to acquire 49.8 percent of the voting shares of Pacific National Bank, Miami, Florida. 2/ Chicago Avoca Financial Services, Inc., Council Bluffs, Iowa — for approval to acquire at least 94 percent of the voting shares of Citizens Savings Bank, Avoca, Iowa. 2/ Chicago City Bancorp of Bloomington-Normal, Inc., Bloomington, Illinois — for approval to acquire 1Q0 percent of the voting shares of Mid-Continental Bancorporation, Inc., Milwaukee, Wisconsin. 2/ 2/ for Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986 No. 39 -15- APPLICATIONS RECEIVED - Continued Chicago Mid-Continental Holdings, Inc., Sheboygan, Wisconsin — for approval to acquire 100 percent of the voting shares of Mid-Continental Bancorporation, Inc., Milwaukee, Wisconsin and indirectly Continental Bank & Trust Co., Milwaukee, Wisconsin. 2/ Chicago Waterman Bancshares, Inc., Waterman, Illinois — for approval to acquire 80 percent of the voting shares of Waterman State Bank, Waterman, Illinois. 2/ Chicago Western Bluffs, percent Savings St. Louis JSB Bancorp, Inc., JerseyVille, Illinois — for approval to acquire 100 percent of the voting shares of Jersey State Bank, Jerseyville, Illinois. 2/ St. Louis Republic Bancshares, Inc., Neosho, Missouri — for approval to acquire at least 80 percent of the voting shares of Security State Bank, Republic, Missouri. 2/ Minneapolis Norwest Financial, Inc., Des Moines, Iowa — for approval to acquire 100 percent of the voting shares of Dial Bank, Sioux Falls, South Dakota, a proposed new bank. 2/ Kansas City Jack Bancshares, Inc., Commerce, Oklahoma — for approval to acquire 100 percent of the voting shares of First State Bank of Commerce, Commerce, Oklahoma. 2/ Dallas Celina Bancshares, Inc., Celina, Texas — for approval to acquire 80 percent of the voting shares of The First State Bank, Celina, Texas. 2/ Dallas Hub Financial Corporation, Lubbock, Texas — for approval to acquire 100 percent of the voting shares of City Bank, N.A., Lubbock, Texas. 2/ 2/ Iowa Consultants, Inc., Council Iowa — for approval to acquire 94 of the voting shares of Citizens Bank, Avoca, Iowa. 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. -16- H.2, 1986 No. 39 applications RECEIVED - Continued San Francisco Orange National Bancorp, Orange, California — for approval to acquire 100 percent of the voting shares of Orange National Bank, Orange, California. 2/ San Francisco Oregon Pacific Financial, Inc., Portland, Oregon — for approval to acquire 51.49 percent of the voting shares of Santiam Valley Bank, Aumsville, Oregon. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3( a ) (3) of the Bank Holding Company Act of 1956 Received Richmond City Holding Company, Charleston, West Virginia — for approval to acquire 100 percent of the voting shares of The Peoples Bank of Point Pleasant, Point Pleasant, West Virginia. 2/ Richmond James Madison Limited, Washington, D.C., — for approval to acquire 100 percent of the voting shares of First Continental Bank of Maryland, Silver Spring, Maryland. 2/ Richmond National Banc of Commerce Company, Charleston, West Virginia — for approval to acquire 100 percent of the voting shares of The Chemical Bank and Trust Company, South Charleston, West Virginia. 2/ Atlanta Community Bancshares, Inc., Blountsville, Alabama — for approval to acquire 100 percent of the voting shares of Madison County Bank, New Hope, Alabama, a proposed new bank. 2/ Atlanta Community Bancshares, Inc., Blountsville, Alabama -- for approval to acquire 100 percent of the voting shares of Morgan County Bank, Falkville, Alabama, a proposed new bank. 2/ Atlanta FCB Corporation, Manchester, Tennessee — for approval to acquire 100 percent of the voting shares of The Meltons Bank, Gassaway, Tennessee. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986 No. 39 -17- APPLICATIONS RECEIVED - Continued Atlanta SunTrust Banks, Inc., Atlanta, Georgia — for approval to acquire 100 percent of the voting shares of Third National Corporation, Nashville, Tennessee and indirectly Third National Bank in Nashville, Nashville, Tennessee; Third National Bank in Knoxville, Knoxville, Tennessee; Third National Bank in Anderson County, Lake City, Tennessee; American National Bank and Trust Company of Chattanooga, Chattanooga, Tennessee; Third National Bank in Sevier County Sevierville, Tennessee; Mid-South Bank and Trust Company, Murfreesboro, Tennessee; Hamilton Bank of Upper East Tennessee, Johnson City, Tennessee; Merchants Bank, Cleveland, Tennessee; The First National Bank of Lawrenceburg; Lawrenceburg, Tennessee; The Union Bank, Pulaski, Tennessee; Citizens Bank, Savannah, Tennessee; and Bank of Obion County, Union City, Tennessee. 2/ Chicago First Interstate Corporation of Wisconsin, Sheboygan, Wisconsin — for approval to acquire 100 percent of the voting shares of Mid-Continental Bancorporation, Inc., Milwaukee, Wisconsin and indirectly Continental Bank & Trust Co., Milwaukee, Wisconsin. 2/ Chicago First of America Corporation, Kalamazoo, Michigan — for approval to acquire 100 percent of the voting shares of First LaPorte Financial Corp., La Porte, Indiana, and indirectly First National Bank and Trust Company of La Porte, La Porte, Indiana. 2/ Chicago Illini Community Bancorp, Inc., Springfield, Illinois — for approval to acquire 67 percent of the voting shares of Peoples National Bank of Springfield, Springfield, Illinois. 2/ Chicago Security Bancorp, Inc., Southgate, Michigan — for approval to acquire 100 percent of the voting shares of Trenton Bank and Trust Company, Trenton, Michigan. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H,2, 1986 No. 39 -18- APPLICATIONS RECEIVED - Continued St. Louis Northwest Arkansas Bancshares, Inc., Bentonville, Arkansas — for approval to acquire 73.49 percent of the voting shares of Bank of Pea Ridge, Pea Ridge, Arkansas. 2/ St. Louis Northwest Arkansas Bancshares, Inc., Bentonville, Arkansas — for approval to acquire 80 percent of the voting shares of Mcllroy Bank and Trust Fayetteville, Arkansas. 2/ St. Louis Northwest Arkansas Bancshares, Inc., Bentonville, Arkansas — for approval to acquire 80 percent of the voting shares of Siloam Springs Bancshares, Inc., Bentonville, Arkansas and indirectly First National Bank of Siloam Springs, Siloam Springs, Arkansas. 2/ Minneapolis Norwest Corporation, Minneapolis, Minnesota — for approval to acquire 100 percent of the voting shares of Dial Bank, Sioux Falls, South Dakota, a proposed new bank. 2/ Kansas City Commercial Bancorporation of Colorado, Denver, Colorado — for approval to acquire 83.3 percent of the voting shares of Rocky Mountain Bank & Trust, Fort Collins, Colorado. 2/ Kansas City Commercial Bank Investment Company, and Commercial Bancorporation of Colorado, Denver, Colorado — for approval to acquire 83.8 percent of the voting shares of Rocky Mountain Bank and Trust Company, Fort Collins, Colorado. 2/ Kansas City Southwest Bancshares, Inc., Hermitage, Missouri — for approval to acquire 90 percent of the voting shares of Buffalo Bank, Buffalo, Missouri; First National Bank, Republic, Missouri; 98.68 percent of the voting shares of Citizens State Bank of Polk County, Bolivar, Missouri; and 100 percent of the voting shares of Humansville Bank, Humansville, Missouri 2/ Dallas Amtex Bancshares, Inc., Bridge City, Texas — for approval to acquire 100 percent of the voting shares of Pavillion National Bank, Dallas, Texas. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. 1986 No. 39 h -19- APPLICATIONS RECEIVED - Continued Dallas Brookhollow Bancshares, Inc., Dallas, Texas — for approval to acquire 100 percent of the voting shares of Brookhollow National Bank, Richardson, Texas, (a proposed new bank) 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Received Cleveland AmeriTrust Corporation, Cleveland, Ohio and First Indiana Bancorp, Elkhart, Indiana — for approval to merge with The Boone Corporation, Lebanon, Indiana, and indirectly acquire The Boone County State Bank, Lebanon, Indiana. 2/ Chicago Hi-Bancorp, Inc., Highwood, Illinois — for approval to merge with GNP Bancorp, Inc., Mundelein, Illinois and indirectly acquire New Century Bank, Mundelein, Illinois. 2/ Chicago River Forest Bancorp, River Forest, Illinois — for approval to merge with Commercial Chicago Corporation, Chicago, Illinois and indirectly acquire Commercial National Bank of Chicago, Chicago, Illinois. 2/ Chicago Sturm Investment, Inc., Omaha, Nebraska — for approval to merge with First Holdings, Inc., Omaha, Nebraska and indirectly acquire First National Bank of Macomb, Macomb, Illinois. 2/ Dallas Rio Grande City Bancshares, Inc., Rio Grande City, Texas — for approval to merge with Floresville Bancshares, Inc., Floresville, Texas and indirectly acquire Bank of Floresville, Floresville, Texas. 2/ * * * * * 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986 No. 39 - 20 - APPLICATIONS RECEIVED - Continued To Expand a Bank Holding Company Pursuant to Section 4( c ) (8) of the Bank Holding Company Act of 1956 Received New York Barclays PLC, and Barclays Bank PLC, London, England — for approval to acquire Wall Street Clearing Company, New York, New York and thereby engage in clearing and settling securities transactions, securities custodial services, extending margin credit, discount brokerage services, and borrowing and lending securities. New York Chase Manhattan Corporation; Chase Manhattan National Corporation, New York, New York; and Chase Manhattan National Holding Corporation, Wilmington, Delaware, to engage de novo (underwriting credit life and disability insurance on consumer loans) through their subsidiaries. (9/23/86) New York Credit Suisse, Zurich, Switzerland — for approval to acquire John M. Blewer, Inc., New York, New York and thereby act as an investment or financial advisor by providing portfolio investment advice and portfolio management services. Philadelphia Bank Vest, Inc., Wilkes-Barre, Pennsylvania — to establish a de novo subsidiary, First Data Corp., Wilkes-Barre, Pennsylvania and to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them). (9/22/86) Cleveland AmeriTrust Corporation, Cleveland, Ohio and First Indiana Bancorp, Elkhart, Indiana — for approval to acquire Indiana Benefit Life Insurance Company, Valparaiso, Indiana and thereby engage in credit related reinsurance activities. Richmond Signet Banking Corporation, Richmond, Virginia — for approval to engage de novo in certain nonbanking activities through its subsidiary, Corporate Finance Advisors, Inc., Richmond, Virginia. H.2, 1986 No. 39 _2i_ APPLICATIONS RECEIVED - Continued Atlanta Citco Bancshares, Inc., Elizabethton, Tennessee — for approval to engage in the servicing and making of loans, primarily SBA Loan Packages throughout the state of Tennessee. Atlanta G.S.B. Investments, Inc., Gainesville, Florida — for approval to acquire Keystone Securities, Inc., Keystone Heights, Florida. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — for approval to acquire Third Financial Services, and its subsidiaries, Nashville, Tennessee. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — for approval to acquire ThirdData Corporation, Nashville, Tennessee. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — for approval to acquire Third National Life Insurance Company, Chattanooga, Tennessee Atlanta SunTrust Banks, Inc., Atlanta, Georgia — approval to acquire Trust Company of Tennessee, Chattanooga, Tennessee. Atlanta SunTrust Banks, Inc., Atlanta, Georgia — for approval to acquire Third National Brokerage Services, Inc., Chattanooga, Tennessee. Chicago First Busey Corporation, Urbana, Illinois — to engage de novo (engaging in the activities of a trust company of a fiduciary, agency, or custodial nature) through its subsidiary, First Busey Trust and Investment C o . , Urbana, Illinois. (9/25/86) Chicago First Illinois Corporation, Evanston, Illinois — to establish a de novo subsidiary, First Illinois Mortgage Corporation, Evanston, Illinois and to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company). The geographic scope will be the entire United States. (9/19/86) for H.2, 1986 No. 39 .2 2 - APPLICATIONS RECEIVED - Continued St. Louis ONB Corporation, Owensboro, Kentucky — for approval to acquire Datanet, Inc., Hopkinsville, Kentucky and thereby engage in providing data processing services. Minneapolis Bank Shares Incorporated, Minneapolis, Minnesota — to engage de novo (any insurance activity engaged in by a bank holding company or a subsidiary that was approved by the Board prior to January 1, 1971) through Marquette-Holm Insurance Agency, Inc. The activity will be conducted nationwide. (9/23/86) Minneapolis Norwest Financial Services, Inc., Des Moines, Iowa — to continue to engage in the activities of making or acquiring loans of the type made by a consumer finance company, sales finance company, commercial finance company, and factor; full payout personal and real property leasing; underwriting credit life and disability insurance on consumer loans; providing to others financially related data processing and data transmission services and data bases; or access to them. These activities would be conducted in the states of Alabama, Alaska, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, N. Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin and Wyoming; and to engage in servicing loans and other extensions of credit for others making, acquiring or servicing loans of the type made by a mortgage company and general insurance agency activities. These activities will be conducted nationwide. Minneapolis Norwest Financial, Inc., Des Moines, Iowa — to continue to engage in the activities of making or acquiring loans of the type made by a consumer finance company, sales finance company, commercial finance company, and H.2, 1986 No. 39 - 23 - APPLICATIONS RECEIVED - Continued factor; full payout personal and real property leasing; underwriting credit life and disability insurance on consumer loans; providing to others financially related data processing and data transmission services and data bases; or access to them. These activities would be conducted in the states of Alabama, Alaska, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming; and to engage in servicing loans and other extensions of credit for others making, acquiring or servicing loans of the type made by a mortgage company and general insurance agency activities. These activities will be conducted nationwide Minneapolis Norwest Corporation, Minneapolis, Minnesota — for approval to engage in general insurance agency activities through the acquisition of Watson Agency, Inc., Watson, Minnesota. The activity will be conducted in Minnesota. Minneapolis Norwest Corporation, Minneapolis, Minnesota — for approval to indirectly acquire certain general insurance agency assets of Bayly, Martin & Fay International, Inc., Forth Worth, Texas. Minneapolis United Bancorporation, Baker, Montana — to engage in general insurance agency activities in a town of less than 5,000 persons through the acquisition of assets of Stieg and Associates, Inc., Baker, Montana. The activity will be conducted from offices in Baker, Montana and serve Fallon County, Montana and adjoining counties. H.2, 1986 No. 39 -24- APPLICATIONS RECEIVED - Continued Kansas City J.R. Montgomery Bancorporation, Lawton, Oklahoma — to enqage de novo (underwriting credit life and disability insurance on consumer loans) through Express Life Insurance Co., Lawton, Oklahoma. (9/26/86) Kansas City J.R. Montgomery Bancorporation, Lawton, Oklahoma — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company) (9/26/86) Dallas Commonwealth Bancorp, Inc., Arlington, Texas — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them) through the acquisition of Commonwealth Services, Inc., Arlington, Texas. (9/24/86)
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