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RESEARCH LIBRARY

ANNOUNCEMENT

H.2, 1990, No. 36

BOARD OF GO\
OF THE F l d :

C yr AM fQjftctions of the Board/ its Staff, and
°
m
JU
the Federal Reserve Banks;

Applications arid Reports Received

FEDERAL RESERVE SYS9P!5l£yELAft[Paring the Week Ending September 8, 1990
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Financial structure and deposit insurance reform
testimony by Chairman Greenspan before the House
Committee on Banking, Finance and Urban Affairs,
September 13, 1990.
Authorized, September 7, 1990.
Accounting standards and capital requirements for
depository institutions — statement by Governor
Angell before the Senate Committee on Banking,
Housing & Urban Affairs, September 10, 1990.
Authorized, September 6, 1990.
BANK HOLDING COMPANIES
AmSouth Bancorporation, Birmingham, Alabama -- to
acquire First Bank of Maury County, Columbia,
Tennessee, by merger with AmSouth Bank of
Tennessee, Nashville, Tennessee, and AmSouth Bank
to become a member of the Federal Reserve System.
Approved, September 7, 1990.
Mid Am, Inc., Bowling Green, Ohio — to acquire Home
Savings and Loan Association, Defiance, Ohio, and
to merge Home into The First National Bank of
Northwest Ohio, Bryan, Ohio, after Mid Am acquires
the shares of Home.
Approved, September 4, 1990.
BOARD OPERATIONS
Office of Board Members — appointment of Diane E.
Werneke as Special Assistant to the Board for
Congressional Liaison.
Approved, September 3, 1990.
ENFORCEMENT




Commonwealth Bank, Arlington, Texas — order of
prohibition against Andrew F. Stasio, Jr., a former
director.
Authorized, September 4, 1990.
Northwest Indiana Bancshares, Inc., Fort Wayne,
Indiana — final order of assessment of civil money
penalties against David DeHart, Robert Marcuccilli,
Wayne Roe, V. Edgar Stanley, Judith A. Stanley,
Jerry Grady, and Jerry Sisinger.
Authorized, September 7, 1990.

H 2
SEPTEMBER 4, 1990
PAGE 2

TO

SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

FORMS
Consumer Satisfaction Questionnaire (FR 1379) —
extension.
Approved, September 6, 1990.
Notice Claiming Status as an Exempt Transfer Agent
(FR 4013) — extension.
Approved, September 6, 1990.
OTC Margin Stock Report (FR 2048) —
Approved, September 6, 1990.

extension.

MEMBERSHIP
AmSouth Bank of Tennessee, Nashville, Tennessee -- to
become a member of the Federal Reserve System.
Approved, September 7, 1990.
REGULATIONS AND POLICIES




Delaware statute that empowers state banks to conduct
insurance underwriting and agency activities
nationwide — order relating to petition by
insurance trade associations with respect to
certain insurance activities conducted under a
newly-enacted Delaware law by Family Guardian Life
Insurance Company, Phoenix, Arizona, and Citibank
Delaware, New Castle, Delaware.
Authorized, September 4, 1990.

H .2
SEPTEMBER 4, 1990
PAGE 3

TO

SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES, DOMESTIC
Richmond

Bruceton Bank, Bruceton Mills, West Virginia — to
establish a branch at the intersection of Patteson
Drive and Tawley Lane, Morgantown, West Virginia.
Approved, September 5, 1990.

New York

Chemical Bank, New York, New York — to establish a
branch at Montefiore Medical Center, One Fordham
Plaza, Fordham Road, Bronx, New York.
Approved, September 7, 1990.

Richmond

Peoples Bank of Danville, Danville, Virginia — to
establish a branch at 2018 Tate Springs Road,
Lynchburg, Virginia.
Approved, September 5, 1990.

San Francisco

Valley Bank of Nevada, Las Vegas, Nevada -- to
establish a branch at 3680 East Flamingo, Las
Vegas, Nevada.
Approved, September 4, 1990.

San Francisco

Valley Bank of Nevada, Las Vegas, Nevada — to
establish a branch at 3155 North Rancho, Las Vegas,
Nevada.
Approved, September 6, 1990.

BANK HOLDING COMPANIES




New York

Banco Bilbao Vizcaya, S.A., Bilbao, Spain — to
acquire New Mexico Banquest Investors Corporation,
Santa Fe, New Mexico, and First National Bank of
Santa Fe, and engage in credit related insurance
activit ies.
Approved, September 4, 1990.

Secretary

B a n k A m e r i c a C o r p o r a t i o n , San F r a nc i s c o, C a l i f o r n i a —
to a c q u i r e B a n k of Amer i c a, F e d er a l S a v i n g s Bank,
Portl a n d , Oregon, e s t a b l i s h e d to a c q u i r e c e r t a i n
a s s e t s a n d a s s u m e c e r t a i n l i a b i l i t i e s of The
B e n j a m i n F r a n k l i n F e d e ra l S a v i n g s a n d Loan
A s s o c i a t i o n , a n d t h e r e b y e n g a g e in t he o p e r a t i o n of
a s a v i n g s a n d loan; B a n k A m e r i c a a l s o wil l e n g a g e in
credit related insurance, se c u r i t i e s brokerage
s e r v i c e s a n d t he s a l e of m o n e y o rders, s a v i n g s
bonds and traveler's checks through Benjamin
F r a n k l i n F i n a n c i a l S e rv i c e s, Inc.

Approved, September 7, 1990.
Secretary

Barnett Banks, Inc., Jacksonville, Florida —
acquire Barnett Card Services Bank, N.A.
Approved, September 7, 1990.

Chicago

Bonduel Bancorp, Inc., Bonduel, Wisconsin —
acquire Bonduel State Bank.
Approved, September 5, 1990.

to

to

H .2
SEPTEMBER 4, 1990
PAGE 4

TO

SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

Brenton Banks, Inc., Des Moines, Iowa — to acquire
the Indianola Branch of FirstCentral Federal
Savings Bank, Chariton, Iowa, through Brenton
Warren County Savings Bank, Indianola, Iowa.
Approved, September 7, 1990.

Staff Director
BS&R

Citizens Bancshares, Inc./ Salineville, Ohio,
proposal that The Citizens Banking Company,
purchase the assets and assume the liabilities
of Citizens Thrift, which was formed to acquire
certain assets and assume deposit liabilities
of Midland - Buckeye Federal Savings
and Loan Association, Alliance, Ohio.
Approved, September 7, 1990.

Cleveland

Citizens Bancshares, Inc., Salineville, Ohio — to
acquire Midland - Buckeye Savings, Alliance, Ohio.
Approved, September 7, 1990.

Chicago

Citizens Corporation, Corydon, Iowa — to acquire the
Corydon and Russell Branches of FirstCentral
Federal Savings Bank, Chariton, Iowa, through
Citizens State Bank Association, Corydon, Iowa.
Approved, September 7, 1990.

S t . Louis

CNB Bancshares, Inc., Evansville, Indiana — to
acquire Henderson County State Bank, Henderson,
Kentucky.
Approved, September 5, 1990.

Chicago

Comerica Incorporated, Detroit, Michigan — to
acquire Comerica Bank - Florida, Federal Savings
Bank, Clearwater, Florida, formed to acquire
certain assets and assume certain liabilities of
Enterprise Federal Savings, F.A.
Approved, September 7, 1990.

San Francisco

Community Bancorporation, Pullman, Washington — to
acquire Farmers State Bank, Uniontown, Washington
Approved, September 6, 1990.

H .2
SEPTEMBER 4, 1990
PAGE 5

TO

SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Kansas City

Country Bank Shares, Inc., Milford, Nebraska -- to
acquire Owens Investment Company, Weeping Water,
Nebraska.
Approved, September 6, 1990.

San Francisco

Dai - Ichi Kangyo Bank, Limited, Tokyo, Japan -- to
engage de novo in acting as a futures commission
merchant and providing advisory services through a
yet-to-be named subsidiary in Chicago, Illinois.
Approved, September 4, 1990.

Atlanta

EuroHoldings, Inc., Coral Gables, Florida — to
acquire TransFlorida Bank of Palm Beach, Boca
Raton, Florida.
Withdrawn, September 7, 1990.

S t . Louis

First Banks, Inc., St. Louis, Missouri -- to expand
the operations of First Bank, A Savings Bank,
Clayton, Missouri, with the purchase of certain
assets and assumption of certain liabilities of the
branches of Gem City Federal Savings and Loan
Association, Quincy; Illinois, located at 636
Hampshire Street, Quincy; 3233 Broadway; and 300
East Main Street, Cuba, Illinois.
Permitted, September 7, 1990.

Chicago

Harris Bankcorp, Inc., Chicago, Illinois; Bank of
Montreal, Montreal, Canada, and Bankmont Financial
Corp., New York, New York — to expand the
activities of Harris Investment Management, Inc.,
Chicago, Illinois, and provide investment advice
with respect to engaging in financial futures on
stock and bond indexes traded on the major
commodity exchanges.
Approved, September 5, 1990.

Chicago

Hy - Vee Food Stores, Inc., Chariton, Iowa — to
acquire the Chariton Branch of First Central
Federal Savings Bank, through National Federal
Savings Bank.
Approved, September 7, 1990.

H.2
SEPTEMBER 4, 1990
PAGE 6

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SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




New York

Industrial Bank of Japan, Limited, Tokyo, Japan — to
engage de novo in financial advisory activities.
Permitted, September 7, 1990.

Chicago

Irwin Corporation, Columbus, Indiana — to purchase
certain branch assets of Doering Mortgage Company,
St. Louis, Missouri, through Inland Mortgage
Corporation, Indianapolis, Indiana.
Returned, September 7, 1990.

Minneapolis

Merchants Holding Company, Winona, Minnesota —
acquire LaCrescent State Bank, LaCrescent,
Minnesota.
Approved, September 7, 1990.

Boston

Peoples Heritage Financial Group, Inc., Portland,
Maine — to acquire PHFG Interim Savings and Loan
Association, and certain assets and assume certain
liabilities of Home Owners Savings Bank, F.S.B.,
Burlington, Massachusetts.
Approved, September 6, 1990.

Staff Director
BS&R

Peoples Heritage Financial Group, Inc., Portland,
Maine, proposal that Peoples Heritage Savings Bank,
merge with PHFG Interim Savings and Loan
Association, which was formed to acquire certain
assets and assume deposit liabilities of the Maine
branches of Home Owners Savings Bank, F.S.B.,
Boston, Massachusetts.
Approved, September 7, 1990.

Staff Director
BS&R

Plains Capital Corporation. Lubbock, Texas —
from a commitment made in connection with
formation of the Corporation,
Granted, September 6, 1990.

to

relief

H .2
SEPTEMBER 4, 1990
PAGE 7

TO

SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Chicago

SCB Bancorp, Inc., Decatur, Illinois — to establish
Soy Interim Federal Savings and Loan Association,
and acquire the assets and assume the liabilities
of the Decatur Branches of Gem City Federal Savings
and Loan Association, Quincy, Illinois, with the
interim savings and loan association being merged
into Soy Capital Bank and Trust Company, Decatur,
Illinois.
Approved, September 7, 1990.

Dallas

Silsbee Financial Corporation Silsbee, Texas -- to
acquire Silsbee State Bank.
Approved, September 6, 1990.

Atlanta

Southern Bank Group, Inc., Roswell, Georgia — to
acquire Southside Bank and Trust Company, Union
City, Georgia.
Withdrawn, September 7, 1990.

San Francisco

Sumitomo Bank* Limited, Osaka, Japan — to acquire SB
General Leasing (USA), Inc., Greenwich,
Connecticut, and engage in property leasing
activities.
Approved, September 6, 1990.

Secretary

Trans Financial Bancorp, Inc., Bowling Green,
Kentucky — to acquire the successor by merger of
Trans Financial Acquisition Corporation, a
subsidiary of Trans Financial and First Financial
of Russellville, Inc., thereby acquiring First
Federal Savings and Loan Association of
Russellville, Russellville, Kentucky, and for Trans
Financial to acquire shares of the Company.
Approved, September 6, 1990.

Boston

UST Corp., Boston, Massachusetts — to acquire UST
Savings Bank, F.S.B., and certain assets and assume
certain liabilities of Home Owners Savings Bank,
F.S.B., Burlington, Massachusetts.
Approved, September 6, 1990.

H .2
SEPTEMBER 4, 1990
PAGE 8

TO

SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Staff Director
BS&R

UST Corp., Boston, Massachusetts, proposal that
United States Trust Company, merge with UST Savings
Bank, F.S.B., which was formed to acquire certain
assets and assume deposit liabilities of the
Massachusetts branches of Home Owners Savings Bank,
F.S.B.
Approved, September 7, 1990.

St. Louis

Wayne City Bancorp, Inc., Springfield, Illinois — to
acquire First National Bank of Wayne City, Wayne
City, Illinois.
Approved, September 7, 1990.

Kansas City

Weatherford Bancorporation, Inc., Weatherford,
Oklahoma — to acquire United Community Bank,
Weatherford, Oklahoma.
Approved, September 7, 1990.

BANK PREMISES




Richmond

Bruceton Bank, Bruceton Mills, West Virginia —
investment in bank premises.
Approved, September 5, 1990.

Cleveland

Chippewa Valley Bank, Rittman, Ohio —
bank premises.
Approved, September 7, 1990.

Chicago

Citizens Commercial & Savings Bank, Flint, Michigan
— investment in bank premises.
Approved, September 7, 1990.

Staff Director
BS&R

Georgia First Bank, Gainesville, Georgia —
investment in bank premises.
Approved, September 4, 1990.

New York

Manufacturers Hanover Trust Company, New York, New
York — investment in bank premises.
Approved, September 5, 1990.

Kansas City

St. Marys State Bank, St. Marys, Kansas —
in bank premises.
Approved, September 5, 1990.

investment in

investment

H .2
SEPTEMBER 4, 1990
PAGE 9

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SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS
San Francisco

Plant Genetics, Inc., Davis, California —
registration statement.
Withdrawn, September 4, 1990.

BANKS, STATE MEMBER
Kansas City

St. Marys State Bank, St. Marys, Kansas — to
relocate the main office to a new building in S t .
Marys.
Approved, September 5, 1990.

CAPITAL STOCK
Staff Director
BS&R

Family Bank of Hallandale, Hallandale, Florida —
redemption of shares.
Approved, September 4, 1990.

S t . Louis

First Community Bancshares, Inc., Middleton,
Tennessee — redemption of shares.
Approved, September 7, 1990.

CHANGE IN BANK CONTROL




Dallas

Crown Park Bancshares, Inc., Lubbock, Texas —
in bank control.
Permitted, September 7, 1990.

change

Kansas City

Custer County Bancorp, Westcliffe, Colorado —
in bank control.
Permitted, September 7, 1990.

change

St. Louis

First Community Bancshares, Inc., Middleton,
Tennessee — change in bank control.
Permitted, September 7, 1990.

New York

First State Bancorp, Howell, New Jersey —
bank control.
Permitted, September 7, 1990.

Kansas City

First State Holding Company, Inc., Mullinville,
Kansas — change in bank control.
Permitted, September 6, 1990.

Richmond

James Madison Limited, Washington, D.C., —
bank control.
Permitted, September 7, 1990.

change in

change in

H .2
SEPTEMBER 4, 1990
PAGE 10

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SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Kansas City

Bank, Oberlin, Kansas, proposed merger with Bank,
Oakley, Kansas — report on competitive factors.
Submitted, September 6, 1990.

Kansas City

BANK IV Topeka, Topeka, Kansas, National Association,
Topeka, Kansas, proposed acquisition of the assets
and assumption of the liabilities of BANK IV Kansas
City, National Association, Olathe, Kansas (Gage
and Holiday Branches) — report on competitive
factors.
Submitted, September 5, 1990.

Richmond

Bank of Mill Creek, Mill Creek, West Virginia,
proposed merger with Bank of Mill Creek Interim
Bank, Inc. — report on competitive factors.
Submitted, September 6, 1990.

Boston

BayBank Norfolk, Dedham, Massachusetts, proposed
merger with BayBank Southeast, National
Association, Taunton, Massachusetts — report on
compet itive factors.
Submitted, September 4, 1990.

Kansas City

Blue Ridge Bank and Trust Co,, Kansas City, Missouri,
proposed merger with Interim Blue Ridge Bank and
Trust Co. — report on competitive factors.
Submitted, September 6, 1990.

Dallas

Charter National Bank - Houston, Houston, Texas,
proposed purchase and assumption of certain assets
and liabilities of Charter National Bank Colonial, Harris County, Texas — report on
compet it ive factors.
Submitted, September 5, 1990.

Atlanta

Denovo NCNB Florida Federal Savings Bank, IV, Tampa,
Florida, proposed acquisition of branches of
American Savings and Loan Association of Florida,
Miami, Florida — report on competitive factors.
Submitted, September 4, 1990.

H.2
SEPTEMBER 4, 1990
PAGE 11

TO

SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




S t . Louis

First National Bank of Perryville, Perryville,
Missouri, proposed purchase of the assets and
assumption of the liabilities of the Perryville,
Missouri Branch of Cape County Bank of Cape
Girardeau, Cape Girardeau, Missouri — report on
competitive factors.
Submitted, September 4, 1990.

Chicago

First Wisconsin National Bank of Milwaukee,
Milwaukee, Wisconsin, proposed merger with First
Wisconsin Northwestern National Bank of Milwaukee
— report on competitive factors.
Submitted, September 5, 1990.

San Francisco

HomeFed Bank, F.S.B., San Diego, California, proposed
exchange of branches with Century Federal Savings
and Loan Association, Pasadena, California —
report on competitive factors.
Submitted, September 6, 1990.

Kansas City

Kiowa State Bank, Kiowa, Colorado, proposed merger
with High Plains Bank of Elizabeth, N.A.,
Elizabeth, Colorado — report on competitive
factors.
Submitted, September 6, 1990.

Kansas City

Union Bank and Trust Company, Lincoln, Nebraska,
proposed merger with Occidental Interim Savings
Bank, F.A., Lincoln, Nebraska, successor to
FirsTier Savings Bank F.S.B (Ainsworth, Franklin,
Lincoln Downtown, and Lincoln East Branches) —
report on competitive factors.
Submitted, September 7, 1990.

H .2
SEPTEMBER 4, 1990
PAGE 12

TO

SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME




Atlanta

First National Financial Corporation, Albany, Georgia
— extension to December 19, to acquire First
National Bank of South Georgia.
Granted, September 5, 1990.

S t . Louis

Hogue Holding Company, Inc., Weiner, Arkansas —
extension to November 30, 1990, to acquire Bank of
Weiner.
Granted, September 4, 1990.

Cleveland

Huntington Bancshares Incorporated, Columbus, Ohio —
extension to December 18, 1990, to acquire First
Home Federal Savings and Loan Association, Sebring,
Florida.
Granted, September 7, 1990.

Chicago

NI Bancshares Corporation, Sycamore, Illinois —
extension to December 8, 1990, to acquire The
National Bank & Trust Company of Sycamore.
Granted, September 5, 1990.

San Francisco

North Cascades Bancshares, Inc., Chelan, Washington
— extension to December 27, 1990, to acquire North
Cascades National Bank.
Granted, September 7, 1990.

Kansas City

Pawnee Holding Company, Inc., Pawnee, Oklahoma —
extension to September 14, 1990 to acquire The
Pawnee National Bank.
Granted, September 4, 1990.

San Francisco

Sierra Tahoe Bancorp, Truckee, California —
extension to January 5, 1990, to acquire Sierra
Bank of Nevada, Reno, Nevada.
Granted, September 7, 1990.

Chicago

West Suburban Bancorp, Inc., Lombard, Illinois —
extension to December 10, 1990, to acquire LBM
Bank, Mascoutah, Illinois, and reactivate the
charter in St. Charles, Illinois.
Granted, September 7, 1990.

H .2
SEPTEMBER 4, 1990
PAGE 13

TO

SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

MEMBERSHIP




Richmond

Horizon Bank of Virginia, Merrifield, Virginia —
become a member of the Federal Reserve System.
Approved, September 7, 1990.

to

H.2

ADDITIONS AND CORRECTIONS

SEPTEMBER 4, 1990
PAGE 14

TO

SEPTEMBER 7, 1990

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

RESERVE BANK OPERATIONS
Federal Reserve Bank of Dallas — appointment of
Robert D. McTeer Jr. as President.
Approved, August 29, 1990.

ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




San Francisco

Security Pacific Savings Bank, Tacoma, Washington,
proposed acquisition of certain assets and
assumption of certain deposit liabilities of the
Aurora North Branch of Security Pacific Bank
Washington, N.A., Seattle, Washington — report on
competitive factors.
Submitted, August 31, 1990.

F E D E R A L R E S E R V E B A N K OF B O S T O N A P P L I C A T I O N S
S E C T I O N I - A P P L I C A T I O N S S U B J E C T TO
N E W S P A P E R N O T I C E ONL Y
C o m m e n t P e r i o d E n d i n g Dat e

Application
NON E

S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO BOT H
NEWSPAPER AND FEDERAL REGISTER NOTICE
C o m m e n t P e r i o d E n d i n g Date

Application
NONE

S E C T I O N III - A P P L I C A T I O N S S U B J E C T TO
F E D E R A L R E G I S T E R N O T I C E ONL Y
Co m m e n t P e r i o d E n d i n g Date

Application
NONE

S E C T I O N IV ~ A P P L I C A T I O N S N O T S U B J E C T TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NON E

♦Sub j e c t to CR A




F e d e r a l R e s e r v e B ank o f New Y o rk

Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only_________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
U.S.B. Holding Co., Inc., Nanuet, New York to acquire
9.9 percent of the outstanding voting shares of the
New Milford Bank and Trust Company, Inc., New Milford,
Connecticut.!/

9/26/90 2/

SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
None.

SECTION IV
Applications Not Involving
______ Public Comment______
None.

1/
2/
3/

4/




Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
N/A - Not Available
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.

FEDERAL R E SE R V E BANK OF PH ILA DELPH IA

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
USBANCORP, Inc., Johnstown, PA, Notice of Change
in Bank Control, to increase their ownership of
USBANCORP's common stock from 8% to 15%, filed on
behalf of 7 notificants: Brookside Associates,
Inc., New York, NY; First Carolina Investors, Inc.,
Charlotte, N.C.; Foundation Lyric, Vaduz, Liechtenstein;
Hofin Anstalt, Vaduz, Liechtenstein; Trust Alvant, Vaduz,
Liechtenstein; Robert G. Wilmers, Buffalo, NY; John G.
Ogilvie, New York, NY.
Federal register:
Newspaper:

9/11/90
9/18/90

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
National Penn Bancshares, Inc.f Boyertown, PA
to acquire 100% of Sellersville Savings and
Loan Association, Perkasie, PA, pursuant to
Section 4(c)(8) of the Bank Holding Company
Act and Section 225.25(b)(9) of Regulation Y.

10/1/90

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None.

1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.




F e d e r a l R e se rv e Bank o f

C le v e la n d

Applications Bulletin
For Week Ending September 8, 1990

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NONE

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
NONE

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
NONE

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
NONE *

*
#
N
F

-

Subject to CRA
Expected to end approximately 30 days from the date of receipt
Newspaper Comment Period
Federal Register Comment Period




Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only

Application

Comment Period Ending Date

None.

Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period Ending Date

New East Bancorp, Raleigh, North
Carolina, to acquire New East Bank
of New Bern, New Bern, North Carolina,
an organizing bank.*
Michael M. Vlahos, Notice of Change in
Control with respect to Community Bank
and Trust of Sterling, Sterling, Virginia.

9-25-90

Not yet available.

Section III - Applications Subject to Federal Register Notice

Application

Comment Period Ending Date

None.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice

Application
None.

^Expiration of comment period specified in the Federal Register.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 7. 1990
Section II - Applications Subject To Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

PBC Bancshares, Inc*
Pelham, Georgia
1 -BHC formation, Pelham Banking
Company, Pelham, Georgia.

10-01-90
Newspaper

Section III - Applications Subject To Federal Register Notice Only
Application
Barnett Banks, Inc.
Jacksonville, Florida
Reguest for a limited exemption from
the tie-in prohibitions of Section 106
of the Bank Holding Company Act Amendments
of 1970.




10-11-90

Federal Reserve Bank of Chicago

Type
Branch

Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Application
Comerica Bank-Detroit
Detroit, Michigan
201 S. Washington
Oxford, Michigan*

N

- 9-16-90

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date

Type

Application

Y-2

Johnson Heritage Bancorp, Ltd.
Racine, Wisconsin
Biltmore Bank Corp.
Phoenix, Arizona
Biltmore Investors Bank, N.A.
Phoenix, Arizona*

FR - 8-10-90
N - 8-20-90

Y-2

Monmouth Financial Services, Inc.
Minneapolis, Minnesota
Texas Financial Bancorporation, Inc.
Minneapolis, Minnesota
First Bancorp, Inc.
Denton, Texas
First State Bank of Denton
Denton, Texas*

FR - 9-5-90
N - 8-27-90

CoC-HC

Beverly Bancorporation, Inc.
Chicago, Illinois
J. Edward Mahoney

FR - 9-20-90
N - 8-30-90

Y-l

Piper Bankshares, Inc.
Piper City, Illinois
First National Bancorp of
Cullom, Inc.
Cullom, Illinois
The First National Bank of Cullom
Cullom, Illinois*

FR - 9-26-90
N - **

Y-l

Mergerco, Inc.
Farmington Hills, Michigan
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank of Houston
Houston, Texas*

FR
N

- 9-27-90
- **

Y-2

Michigan National Corporation
Farmington Hills, Michigan
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank of Houston
Houston, Texas*

FR
N

- 9-27-90
- **




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date

Type

Application

Y-l

Rock River8 Bancorp
Rock Rapids, Iowa
Rock Rapids State Bank
Rock Rapids, Iowa*

Y-l

Bancs of Chicago Bancorp, Inc*
FR - **
Winnetka, Illinois
N - **
6EHA Financial Corporation
Winnetka, Illinois
Bank of Chicago-Little Village
Chicago, Illinois
Tsvaiter Financial Corporation
Winnetka, Illinois
Bank of Chicago-Garfield Ridge
Chicago, Illinois
Dritter Financial Corporation
Winnetka, Illinois
Bank of Chicago-Lakeshore
Chicago, Illinois
Ershter Financial Corporation (in formation)
Winnetka, Illinois*

CoC-HC

Dritter Financial Corporation
FR - **
Winnetka, Illinois
N - **
Gary R. Edidin Trustee Edidin Stock
Trust; Gary R. Edidin & Stanley H.
Meadows Trustee Gary Edidin Family Trust

Y-l

Ershter Financial Corporation
Winnetka, Illinois
Bank of Chicago-Little Village
Chicago, Illinois*

FR - **
N - **

Y-2

First National Bancorp, Inc.
Joliet, Illinois
Bank of Lockport
Lockport, Illinois*

FR - **
N - **




FR - 9-27-90
N - **

Federal Reserve Bank of Chicago
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Continued
Comment Period
Ending Date

Type

Application

Y-2

GEMA Financial Corporation
Winnetka, Illinois
Ershter Financial Corporation (in formation)
Winnetka, Illinois
Bank of Chicago-Little Village
Chicago, Illinois
Tsvaiter Financial Corporation
Winnetka, Illinois
Bank of Chicago-Garfield Ridge
Chicago, Illinois
Dritter Financial Corporation
Winnetak, Illinois
Bank of Chicago-Lakeshore
Chicago, 111inois*

FR - **
N - **

CoC-HC

First State Bancorp of Monticello, Inc.
Monticello, Illinois
First State Bancorp of Monticello, Inc.
Employee Stock Ownership Plan & Trust
Monticello, Illinois

FR - **
N - **

CoC-HC

Loof Investment Co.
Grand Junction, Iowa
Douglas K. Van Dyke; Marvin D. Walters;
Margaret Jean Walters; Sam F. Scheidler;
Willard J. Latham; Donald E. Latham; Thomas P.
Latham; Robert J. Latham and Jack Jenkins

FR - **
N - **

Type

Section III - Applications Subject to Federal Register Notice
Only
Comment Period
Application
Ending Date

BHC-OT
Firstar Corporation
(Section 106) Milwaukee, Wisconsin
Exempt banicing subsidiaries from tying
availability/cost of products to banking
products offered other affiliates of bank's
parent BHC
4(c)(8)




FR -10-5-90

Westbank Financial Corporation
FR - **
Naperville, Illinois
Account; audit; loan services; customer/public
relations; courier services to subsidiary banks

Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register Notice
Continued

Type

Application

4(c)(8)

NBD Bancorp, Inc.
Detroit, Michigan
NBD Financial Services of Michigan, Inc.
Detroit, Michigan
Act as investment or financial adviser
to the extent of providing portfolio
investment advice to institutional investors

Comment Period
Ending Date
FR - **

Section IV - Applications Not Subject to Federal Register Notice
Or Newspaper Notice
Type

Application

RoS

First State Bancorp of Monticello, Inc.
Monticello, Illinois
To redeem 1,000 shares of its own equity securities

RoS

Loof Investment Co.
Grand Junction, Iowa
To redeem 26,063 shares of preferred stock and 72,268 shares
of voting common stock

N
FR
*
**

-

Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time




Septem ber 7, 1990

F e d e ra l R e se rv e Bank o f S t . - L o u i s




SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

None.

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment P e r io d
E n d in g D ate

Application
North Shore Bank of Commerce
Duluth, MN
To purchase the assets and assume
the liabilities of Airport State Bank
of Duluth, Duluth, MN*

9-13-90

Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period
Ending Date

Dennis J. Zaun, Robert D. Edwards,
and Thomas J . Sexton
To acquire 100% of the Farmers
and Merchants Agency, Inc., Pierz, MN

9-21-90
(Federal Register)

First Dakota Financial Corporation
Bismarck, ND
To acquire the Security State Bank,
Beulah, ND*

9-25-90
(Federal Register)

Walter G. Fries
To acquire control of 32.7% of
the voting shares of Klossner
Bancorporation, Inc., Klossner, MN

9-15-90
(Newspaper)

Taylor Bancshares, Inc.
North Mankato, MN
To acquire Valley Bank Minnesota,
Jordan, MN*

9-28-90
(Newspaper)

Norwest Corporation
Minneapolis, MN
To acquire Blackhawk Bancorporation,
Waterloo, Iowa*

Not yet available

*Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS

Section II - Applications Subject to Both
Newspaper and Federal Register Notice (continued)
Comment Period
Ending Date

Application
Lloyd A. Amundson, Angeline R.
Mixner & Edina Southdale Physical
Therapy, Inc.
To acquire 100% of D & B Holding
Company, Inc., Beulah, ND

Not yet available

Owatonna Bancshares, Inc.
Owatonna, MN
To acquire Farmers State Bank of
Hope, Hope, MN*

Not yet available

Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
Garfield County Bancshares, Inc.
Jordan, MT
To engage de novo in conducting
lending activities. The activity
will be conducted in Jordan, MT

Not yet available

Garfield County Bancshares, Inc.
Jordan, MT
To engage de novo in conducting
appraisals of real and personal
property. The activity will be
conducted in Jordan, MT

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

^Subject to CRA




Federal Reserve Bank o f Kansas City

SECTION

I ~ A P P L I CATIONS S U B J E C T TO N E W S P A P E R
NOTICE O N L Y
COMMENT PERIOD ENDING DATE

APPLICATION

P l a t t e V a l l e y Bank, Brighton,
Not A v a i l a b l e
C o l o r a d o , for p r i o r approval to m e r g e
w i t h F i r s t N a t i o n a l Bank of Brighton,
Brighton, Colorado.
S E C T I O N II - APPL I C A T I O N S S U B J E C T TO B O T H
N E W S P A P E R AN D FEDERAL R E G I S T E R N O T I C E
APPLICATION

COMMENT PERIOD ENDING DATE

G. T h o m a s W r e n h o l t , Leadville,
C o l o r a d o , for p r i o r approval to
i n c r e a s e hi s p r o p o r t i o n a t e own e r s h i p
i n t e r e s t in O r e Bancorporation,
L e a d v i l l e , C o l o r a d o , by 28.44 percent
to 50 . 65 p e r c e n t .

Not A v a i l a b l e

F i r s t S t a t e M a n a g e m e n t Corporation,
Inc., Salina, Kansas, to acquire and
m e r g e w i t h K a n o p o l i s Bankshares,
Inc., K a n o p o l i s , Kansas.*

Not A v a i l a b l e

D a v i d C. Doll a n d Darlene G. Doll,
for p r i o r a p p r o v a l to increase their
o w n e r s h i p i n t e r e s t in W a uneta Falls
B a n c o r p , Inc., Wauneta, Nebraska, by
48.5 p e r c e n t to 51.6 percent and by
45.5 p e r c e n t to 48.4 percent,
respectively.

Not A v a i l a b l e

SECTION

III

- APP L I C A T I O N S S U B J E C T T O F E D E R A L R E G I S T E R
NOTICE O N L Y

APPLICATION
None.




COMMENT PERIOD ENDING DATE

Federal Reserve Bank o f Kansas City

S E C T I O N IV - A P P L I C A T I O N S NO T SUBJECT TO F E D E R A L R E G I S T E R N O T I C E
O R N E W S P A P E R NOTICE
APPLICATION

W a u n e t a Fa l l s Bancorp, Inc., Wauneta,
N e b r a s k a , for p r i o r a p p r o v a l to
r e d e e m 975 s hares of its ow n voting
c o m m o n stock. *
* A p p l i c a t i o n is s u b j e c t




to CRA.

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 7, 1990

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

♦Section 9 application received from
State Bank and Trust Company, San Marcos, TX,
to establish an automated teller machine in the new
outlet center South of San Marcos in Hays County, TX,
known as the San Marcos Factory Shops, Centerpoint
Road and IH35, San Marcos, TX

90/09/14

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

** NOTICE EXP

None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.

* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY
N/A - NOT AVAILABLE AT THIS TIME.




JTTERAL RESERVE BANK OF SAN FRANCESCO

Week ending 9/07/90
Section I - Applications Subject to Newspaper Notice Only

Application

Comment Period Ending nata

Capital Bank of Carlsbad, Carlsbad, California,
to establish a branch at 212 N. Clemintine
Street, Oceanside, California. *

Newspaper:

9/18/90

Capital Bank of Carlsbad, Carlsbad, California,
to establish a branch in the vicinity of
Elm Avenue and Carlsbad Boulevard, Carlsbad,
California. *

Newspaper:

9/18/90

California Center Bank, Los Angeles, California,
to establish a branch at or in the vicinity
of Western Avenue and 8th Street, Los Angeles,
California. *

Newspaper:

Not available

The Commercial Bank of Fremont, Fremont,
California, to establish a branch at 32940
Alvarado-Niles Road, Union City, California. *

Newspaper:

9/16/90

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Interwest National Bancorp, Reno, Nevada, to
become a bank holding company through the
acquisition of Fallon National Bank, Fallon,
Nevada. *
Philip J. Rocco, Santa Ana, California, to
purchase up to 26 percent of the issued and
outstanding shares of common stock of Orange
Bancorp, Fountain Valley, California.

Section m

Fed. Rea.:

9/25/90

Newspaper:

9/28/90

Fed. Recr.:

Not available

Newspaper:

Not available

- Applications Subject to Federal Register Notice Only

None
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None

* Subject to CRA.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102