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ANN0LT4CEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H. 2, 1989, No. 36 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending September 9, 1989. 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; GC - General Counsel; IF - International Finance; OSDM - Office of Staff Director for Management BANK HOLDING COMPANIES Chicago Backlund - White, Inc., Peoria, Illinois -- to act as agent for banks in packaging residential real estate loans for sale to MFC Mortgage Corporation of Milwaukee, Wisconsin, Milwaukee, Wisconsin. Permitted, September 7, 1989. Chicago Colfax Bancshares, Inc., Colfax, Iowa — The First National Bank in Colfax. Approved, September 5, 1989. S t . Louis Colonial Bancshares, Inc., Des Peres, Missouri -- to acquire Village Bank of St. Louis County, Ellisville, Missouri. Approved, September 5, 1989. Chicago Dentel Bancorporation, Victor, Iowa — to acquire Colfax Bancshares, Inc., Colfax, Iowa, and The First National Bank in Colfax. Approved, September 5, 1989. Atlanta First Clayton Bancshares, Inc., Clayton, Georgia — to acquire First Clayton Bank & Trust Company. Approved, September 8, 1989. St. Louis First National Security Company, DeQueen, Arkansas — to acquire First National Bank of DeQueen; Citizens National Ban k of Nashville, Nashville; First National B a n k of Howard County, Dierks; and Bank of Ashdown, N , . A . , Ashdown, Arkansas. Approved, September 6, 1989. Atl a n t a First Se c u r i t y Corporation, Norcross, Georgia — acquire First Security National Bank. Approved, September 6, 1989. to acquire to H.2 SEPTEMBER 5, 1989 PAGE 2 TO SEPTEMBER 9, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Fourth St. Financial Corp., Pekin, Illinois — to acquire Herget Financial Corp., and The Herget National Bank of Pekin. Approved, September 7, 1989. Cleveland Integra Financial Corporation, Pittsburgh, Pennsylvania — to engage in lending activities. Permitted, September 7, 1989. Philadelphia Main Line Bancshares, Inc., Wayne, Pennsylvania — acquire National Bank of the Main Line. Approved, September 7, 1989. San Francisco Security Pacific Corporation, Los Angeles, California, and Security Pacific Bancorporation Northwest, Seattle, Washington — to expand brokerage activities through Security Pacific Inv e s t m e n t s , I n c . Approved, September 7, 1989. Boston Somerset Bankshares Inc.,, Somerville, Massachusetts — to acquire Central Co - operative Bank. Withdrawn, September 6, 1989. to BANK PREMISES New Yo r k Banco de P o n c e , Hato Rey, Puerto Rico — in ban k premises. Approved, September 8, 1989. investment S t . Louis English State Bank, English, Indiana — bank premises. Approved, September 7, 1989. Kansas City Pitkin County Bank 8 Trust Company, Aspen, Colorado — investment in ban k premises. Approved, September 5, 1989. investment in H .2 SEPTEMBER 5, 1989 PAGE 3 TO SEPTEMBER 9, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK St. Louis Ballard Kevil Bancorp, Inc., Kevil, Kentucky — redemption of shares. Approved, September 5, 1989. Cleveland Mount Sterling National Holding Corporation, Mount Sterling, Kentucky — redemption of shares. Approved, September 8, 1989. Chicago Old Kent - Illinois, Inc., Chicago, Illinois — redemption of shares. Approved, September 6, 1989. CHANGE IN BANK CONTROL Dallas Carthage Bancshares, Inc., Catharge, Texas — in bank c o n t r o l . Returned, September 6, 1989. change Kansas City CNBO Bancorp, Inc., Pryor, Oklahoma — control. Permitted, September 8, 1989. Dallas TB&T Bancshares, Inc., Brownsville, Texas — in bank c o n t r o l . Permitted, September 8, 1989. changes San Francisco Verde V a lley Bancorp, Cottonwood, Arizona — in bank c o n t r o l . Permitted, September 7, 1989. changes change in bank COMPETITIVE FACTORS REPORTS Chicago Bank One, Beaver Dam, Beaver Dam, Wisconsin, proposed acquisition of assets and assumption of liability to pay deposits of the W a t ertown Office of Bank One, Waukesha, Delafield, W i s c onsin — report on compet it ive f a c t o r s . Submitted, September 7, 1989. Atlanta Colonial B a n k - Northern Region, Lexington, Alabama, proposed merger with Colonial Bank, Decatur, A l abama — report on competitive factors. Submitted, September 7, 1989. H .2 SEPTEMBER 5, 1989 PAGE 4 TO SEPTEMBER 9, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Colonial Bank - Northern Region, Lexington, Alabama, proposed merger with New Colonial Auburn Bank, Auburn, Alabama — report on competitive factors. Submitted, September 7, 1989. Atlanta Colonial Bank - Northern Region, Lexington, Alabama, proposed merger with New Colonial Montgomery Bank, Montgomery, Alabama — report on competitive factors. Submitted, September 7, 1989. Atlanta Colonial Bank ~ Northern Region, Lexington, Alabama, proposed merger with New Colonial Clanton Bank, Clanton, Alabama — report on competitive factors. Submitted, September 7, 1989. Atlanta Colonial Bank - Northern Region, Lexington, Alabama proposed merger with New Colonial Luverne Bank, Luverne, Alabama — report on competitive factors. Submitted, September 7, 1989. Atlanta Colonial Bank - Northern Region Lexington, Lauderdale, Alabama, proposed merger with New Colonial Clanton Bank, Clanton, Alabama — report on competitive factors. Submitted, September 7, 1989. Chicago Dubuque Bank and Trust Company, Dubuque, Iowa, proposed merger with Republic Bank of Dubuque — report on competitive factors. Submitted, September 5, 1989. Atlanta New Colonial Auburn Bank, Auburn, Alabama, proposed purchase of certain assets and assumption of certain liabilities of Colonial Bank, Montgomery, Alabama — report on competitive factors. Submitted, September 7, 1989. Atlanta New Colonial Bank, Luverne, Alabama, proposed purchase of certain assets and assumption of certain liabilities of Colonial Bank, Montgomery, Alabama — report on competitive factors. Submitted, September 7, 1989. H .2 SEPTEMBER 5, 1989 PAGE 5 TO SEPTEMBER 9, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta New Colonial Clanton Bank, Clanton, Alabama, proposed purchase of certain assets and assumption of certain liabilities of Colonial Bank, Montgomery, Alabama -- report on competitive factors. Submitted, September 7, 1989. Atlanta New Colonial Montgomery Bank, Montgomery, Alabama, proposed acquisition of certain assets and assumption of certain liabilities of Colonial Bank -report on competitive factors. Submitted, September 7, 1989. Atlanta New Colonial Opp Bank, Opp, Alabama, proposed purchase of certain assets and assumption of certain liabilities of Colonial Bank, Montgomery, Alabama — report on competitive factors. Submitted, September 7, 1989. Atlanta Steiner Bank, Birmingham, Alabama, proposed merger with Union Planters - Steiner Interim Bank -report on competitive factors. Submitted, September 8, 1989. Chicago W i n n e t k a Bank, Winnetka, Illinois, proposed merger with First Chicago Bank of Winnetka — report on competitive factors. Submitted, September 7, 1989. EXTENSIONS OF TIME New Y o r k A r t e m i s i a Holdings Inc., Stamford, Connecticut — extension to December 7, 1989, to acquire Connecticut Bancorp, Inc. Granted, September 7, 1989. Atlanta BMR Financial Group, Inc., Atlanta, Georgia — exten s i o n to December 5, 1989, to acquire Tucker State Bank, Winter Garden, Florida. Granted, September 7, 1989. H .2 SEPTEMBER 5, 1989 PAGE 6 TO SEPTEMBER 9, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Richmond Forest Hill State Bank/ Forest Hill/ extension to December 1/ 1989, to office from 2334 Rock Spring Road Street, Bel Air, Maryland, and to previous main office. Granted, September 5, 1989. Atlanta Golden Isles Financial Holdings, Inc., Brunswick, Georgia — extension to December 7, 1989, to acquire First Bank of Brunswick. Granted, September 7, 1989. Chicago Hershare Financial Corporation, Herscher, Illinois — extension to December 5, 1989, to acquire State Bank of Herscher. Granted, September 7, 1989. Atlanta Smoky Mountain Bancorp, Inc., Gatlinburg, Tennessee — extension to December 18, 1989, to acquire First National Bank of Gatlinburg. Granted, September 5, 1989. Chicago Tompkins Bancorp, Inc., Avon, Illinois — extension to November 26, 1989, to acquire Tompkins State Bank. Granted, September 7, 1989. Maryland — relocate main to 130 South Bond operate branch at INTERNATIONAL OPERATIONS San Francisco Security Pacific Overseas Corp., Los Angeles, California — to make an additional investment in Banco Security Pacific, Santiago, Chile. Permitted, September 9, 1989. H 2 SEPTEMBER 5, 1989 PAGE 7 ADDITIONS AND CORRECTIONS TO SEPTEMBER 9, 1989 ACTIONS TAKEN BY THE BOARD OF GOVERNORS FORMS Medium - Term Note Issuance Report CFR 2600) imp l e m e n t a t i o n . Proposed, August 29, 1989. REGULATIONS AND POLICIES Rules Regarding Delegation of Authority — delegation to the Staff Director of the Division of Banking Supervision and Regulation of the authority to approve applications requiring immediate or expeditious action to avert failure of a savings association (Docket R-0673). Approved, August 24, 1989. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Barnett Banks, Inc., Jacksonville, Florida — to engage de novo in debt collection activities through Barnett Merchant Services, Inc. Withdrawn, July 12, 1989. Atlanta FBT Bancshares, Inc., Fayetteville, Georgia — acquire First B a n k & Trust Company. Withdrawn, August 24, 1989. Chicago Great River Banshares Corporation, Burlington, Iowa — to acquire Burlington Bank and Trust. Returned, September 1, 1989. Atlanta Mid State Banks, Inc., Cordele, Georgia — to engage de novo nation w i d e in data p r ocessing activities. Permitted, Septe m b e r 2, 1989. to H .2 SEPTEMBER 5, 1989 PAGE 8 ADDITIONS AND CORRECTIONS TO SEPTEMBER 9, 1989 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CAPITAL STOCK Chicago Blandchardville Financial Services, Inc., B l a n c h a r d v i l l e , Wisconsin — redemption of shares. Returned, September 1, 1989. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Conment Period Ending Date Application NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Feriod Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Garment Period Ending Date NONE ♦Subject to CRA Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper _____________Notice Only__________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice First State Bancorp, Howell, New Jersey to acquire 9.9 percent of First Washington State Bank, Washington Township, New Jersey, a proposed new bank.l/ 9/20/89 2/ SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) PKbanken, Stockholm, Sweden to acquire Independent Finance, Inc., Bellevue, Washington and thereby to engage in commercial and mortgage lending and leasing real and personal property. N/A The Nippon Credit Bank, Ltd., Tokyo, Japan to engage de novo in certain data processing activities through its indirect subsidiary, Trading Desk Systems, Incorporated, New York, New York. 9/14/89 Citicorp, New York, New York to engage through a de novo office of its subsidiary, Citicorp Futures Corp., in Tokyo, Japan in certain futures commission merchant and commodities trading advisory activities. N/A SECTION IV Applications Not Involving ________ Public Comment________ None. 1/ 2/ 3/ 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 FEDERAL RESERVE BAN KO F PHILADELPHIA Week Ending 9/1/89 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank, Reading, PA to establish a 1/ branch to be located at Buckingham Green Shopping Center, U.S. Route 202, Buckingham, Bucks County, PA and to make an additional investment in bank premises pursuant to Section 24A of the Federal Reserve Act. Note: 9/18/89 this was inadvertently omitted last week. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Guaranty Bancshares Corporation, Shamokin, PA iy to acquire 80% of voting shares of Guaranty Bank of Princeton (a novo bank in formation), Princeton, NJ pursuant to Section 3(a)(3) of the Bank Holding Company Act. de Newsp aper: Federal Register: 9/28/89 N/A** SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. J tV Subject to provisions of Community Reinvestment Act. *N/A - not yet available. Ten Independence Mall, Philadelphia, PA 19106-1574, (215) 574-6000 Applications Bulletin For Week Ending September 9, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING Received Application on September 5, 1989 from The Fifth Third Bank, Cincinnati, Ohio, to establish a branch at 1404 East Ninth Street, Cleveland, Ohio. October 1, 1989 Received Application September 6, 1989 from The Fayette Bank and Trust Company, Uniontown, Pennsylvania, to establish a branch at R. D. #4, McClellandtown Road (Route #21), Uniontown, Pennsylvania. October 7, 1989 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 18(c) Application on September 7, 1989 from The Heartland Bank, Croton, Ohio, to acquire The Lyndon Guaranty Bank of Ohio, Columbus, Ohio. * Not Yet Known # SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE Applications Bulletin For Week Ending September 9, 1989 SECTION r 7 - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER tvXDTICE OR NEWSPAPER NOTICE Received request on September 7, 1989 from Ohio Citizens Bank, Toledo, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act. * # N F ~ - Subject to CRA Expected to end approximately 30 days from the date of receipt Newspaper Comment Period Federal Register Comment Period F e d e ra l R e serve Bank o f 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 F & M National Corporation, Winchester, Virginia, for prior approval to acquire 100% of the voting shares of The First National Bank of Broadway, Broadway, Virginia.* 9-20-89 New East Bancorp, Raleigh, North Carolina, for prior approval to acquire 100% of the voting shares of New East Bank of Greenville, Greenville, North Carolina, a de novo bank.* 9-26-89 Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date South Carolina National Corporation, Columbia, South Carolina, to engage de novo in the activity of community development directly, through investment as the sole limited partner and 99% capital investor in each of seven limited partnerships. The activities will be conducted in the South Carolina communities of Lugoff, Clover, Union, Conway, Clinton, Winnsboro, and Walhalla. Not Yet Available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None *Application is subject to CRA. September 4, 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section I - Applications Subject to Newspaper Notice Only Application Ccninent Pericxi Ending Date Central Bank of the South Birmingham, Alabama 08-11-89 (CRA) To establish a branch office at 2311 North Gault Avenue, Fort Payne, Alabama, to be known as the North Gault Office. Central Bank of the South Birmingham, Alabama To establish a branch office at 2890 Zelda Road, Montgomery, Alabama, to be known as the Zelda Road Office. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date First Boaz BanCorporation 09-18-89 Boaz, Alabama Federal Register Change in control by Horace E. Kilpatrick & Gary D. Kilpatrick to increase their total ownership to 26.80 percent (each) as a result of a stock redemption. Boca Bancorp, Inc. Boca Raton, Florida Change in control by William H. Hadler to acquire an additional 15.28 percent of the outstanding shares of cannon stock that will increase his total ownership to 25 percent. Section III - Applications Subject To Federal Register Notice Only Application Ccnroent Period Ending Date Gold Coast Bancshares, Inc. Hypoluxo, Florida Joint venture with Gulf stream Financial Services, Inc., Fort Lauderdale, Florida, to establish Gold Coast Financial Services, Inc., Hypoluxo, Florida, and engage de novo in mortgage banking and mortgage brokerage activities, pursuant to section 225.25(b) (1) (iii) of Regulation Y. Septem ber 4 , 1989 Federal Reserve Bank of Atlanta Applications Bulletin Section IV - Applications Hot Subject To Federal Register Notice cr Newspaper Notice Application Upper Cuusberland F-ancshares, inc. Byrdstown, Tennessee Ccranitnnnt waiver request. F e d e ra l R eserve Bank o f C h ica g o Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch M&I Marshall & Ilsley Bank N - ** Milwaukee, Wisconsin (117 contractual branches & 45 affiliated banks and their branches)* Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date lYP.e Application Y-l Huron National Bancorp, Inc. Rogers City, Michigan Huron National Bank Rogers City, Michigan* FR - 9-8-89 N - 9-11-89 Y-2 Pioneer Bancorp, Inc. Chicago, Illinois River Associates Bancorp, Inc. River Grove, Illinois River Grove Bank and Trust Company River Grove, Illinois* FR - 9-18-89 N - ** Y-2 F & M Financial Services Corporation Menomonee Falls, Wisconsin St. Francis State Bank St. Francis, Wisconsin* FR - 9-20-89 N - 7-28-89 Y-l L .B .T . Bancorporation West Des Moines, Iowa Liberty Bank & Trust Lake Mills, Iowa* FR - 9-20-89 N - ** Y-l Great River Banshares Corporation Burlington, Iowa Burlington Bank and Trust Burlington, Iowa* FR - 9-22-89 N - 9-18-89 Y-2 Peotone Bancorp, Inc. Peotone, Illinois Rock River Bancorporat ion, Inc. Oregon, Illinois Rock River Bank Oregon, Illinois* FR - 9-22-89 N - 9-27-89 Y-l Yale Bancorporation Yale, Iowa Farmers State Bank Yale, Iowa* FR - 9-22-89 N - 9-22-89 F e d e ra l R e s e rve Bank o f C h icag o Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Ending Date T yp e Application Y-2 River Forest Bancorp Chicago, Illinois Calumet City Bancorp, Inc. Calumet City, Illinois First State Bank of Calumet City Calumet City, Illinois* FR - ** N - 9-5-89 Y-l Manning Financial Services, Inc. Manning, Iowa The First National Bank of Manning Manning, Iowa* FR - ** N - ** Y-l Premier Financial Group, Inc. Council Bluffs, Iowa Manning Financial Services, Inc. Manning, Iowa The First National Bank of Manning Manning, Iowa* FR - ** N - ** Y-2 Chemical Financial Corporation Midland, Michigan Community Bancorp, Inc. St. Charles, Michigan Community State Bank of St. Charles St. Charles, Michigan* FR - 8-31-89 N - 9-1-89 Y-l Bancroft State Bancshares, Inc. Bancroft, Wisconsin Bancroft State Bank Bancroft, Wisconsin* FR - ** N - ** Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application 4(c)(8) National Bancorp, Inc. Melrose Park, Illinois To acquire, service loan and other extensions of credit FR - 9-21-89 N - ** Y-4 Northern Trust Corporation Chicago, Illinois Berry, Hartell & Evers San Francisco, California FR - ** N - 9-3-89 F e d e ra l R eserve Bank o f C h ic a g o Section III - Applications Subject to Federal Register Notice Only Continued Comment Period Ending Date Typ e Application Y-4 FR - ** First Busey Corporation N - ** Urbana, Illinois MRCG, Inc. d/b/a The Marcom Group Champaign, Illinois - offering marketing/ communications services to financial institutions 4(c)(8) Firstbank of Illinois Co. F R - ** Springfield, Illinois N - ** Tri-County Community Development Corporation Jacksonville, Illinois Section IV - Applications Not Subject to Federal Register Notice Or Newspaper Notice Type Application ROS LaSalle Community Bancorporation Chicago, Illinois To redeem 100 percent (410,000) outstanding shares of its Class B Convertible Adjustable Rate Preferred Stock N FR * ** - Newspaper Federal Register Subject to Provisions of Community Reinvestment Act Not available at this time Federal Reserve Bank of St. Louis SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY ♦Section 18(c) of the Federal Deposit Insurance Act application by American Bank of St. Louis, St. Louis, Missouri (a state member bank and survivor), to merge with American Bank of St. Louis County, Chesterfield, Missouri, and Section 9 of the Federal Reserve Act application to establish branches (Not available) SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE ♦Section 3(a)(3) application by The Union of Arkansas Corporation, Little Rock, Arkansas, to acquire Financial Properties, Inc., Jacksonville, Arkansas (Not available) SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Section 4(c)(8) notification by Liberty National Bancorp, Inc., Louisville, Kentucky, to engage de novo in underwriting and dealing in government securities and other money market instruments and providing incidental investment advice through Bankers Investment Group, Inc., Louisville, Kentucky (Not available) SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. ♦ This application is subject to CRA. FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to _______ Newspaper Notice Only_______ Comment Period Ending Date Application The Northwestern Bank Chippewa Falls, WI To establish a branch at 110 North Washington Street, Thorp, WI* Not yet available Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Dennis Zaun, Robert Bauman, Douglas Bauman, James Bauman, & Paul Strandberg To acquire control of 100% of Kerkhoven Bancshares, Inc., Kerkhoven, MN Not yet available Twin Cities Bancorporation, Inc. Minnetonka, MN To acquire Crossroads National Bank Chanhassen, MN (de novo)* Not yet available Section III - Applications Subject to Federal Register Notice Only Application Norwest Corporation Minneapolis, MN To engage in general insurance agency activities through entering into an Employment and Option to Purchase Agreement with Robert G. Saffer, an individual, and Saffer Insurance Services, Inc., Lincoln, NE, an insurance agency. The acti vity will be conducted in Lincoln, NE. * Subject to CRA Comment Period Ending Date Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank o f Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION C O M M E N T P E R I O D E N D I N G DATE None. SECTION II - APPLICATIONS SOBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION C O M M E N T P E R I O D E N D I N G DATE B o l a F i n a n c i a l , Inc., L o s A l a m o s , New Mexico, for p r i o r a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of Bank of Los A l a m o s , Los A l a m o s , N e w M e x i c o .* Not Available F i n a n c i a l E n t e r p r i s e s , Inc., Cl i n t o n , M i s s o u r i , for p r i o r a p p r o v a l to a c q u i r e 6.4 p e r c e n t of the v o t i n g s h a r e s of B u e r g e B a n c s h a r e s , Inc., J o p l i n , M i s s o u r i , p a r e n t of F i r s t Bank of Butl e r , Butler, M i s s o u r i , and F i r s t S t a t e Bank of Jop l i n , J o p l i n , M i s s o u r i . * Not A v a i l a b l e E & A Associates, Denver, Colorado, for p r i o r a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 99.5 p e r c e n t of the v o t i n g s h ares of The F i r s t N a t i o n a l Bank of D e n v e r , D e n v e r , C o l o r a d o . * Not Avai l a b l e The E s t e s Park Ban k R e s t a t e d E m p l o y e e Stock O w n e r s h i p 401 K Plan, E s t e s Park, C o l o r a d o , for p r i o r a p p r o v a l to b e c o m e a ban k h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 30 p e r c e n t of the v o t i n g s h a r e s of Es t e s Bank C o r p o r a t i o n , E s t e s Park, C o l o r a d o , p a r e n t of T h e E s t e s Park Bank, E s t e s Park, C o l o r a d o . * Not Available Federal Reserve Bank of Kansas City G r e e n Top, Inc., Palmer, Nebraska, for p r i o r a p p r o v a l to acquir e 100 p e r c e n t of the v o t i n g shares of Clarke, Inc., P a p i l l i o n , Nebraska, p a r e n t of Bank of the Midlands, Papillion, Nebraska.* S e p t e m b e r 11, 1 9 8 9 FirstBank Holding Company Employee Stock O w n e r s h i p Plan, Lakewood, C o l o r a d o , for p r i o r approval to i n c r e a s e its p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in FirstB a n k H o l d i n g C o m p a n y of Colorado, L a k e w o o d , C o l o r a d o , by 4.9 p e r c e n t to 24.9 p e r c e n t . S e p t e m b e r 8, 1989 O M N I B A N C O R P , D e n v e r , Colorado, for prior a p p r o v a l to acq u i r e 100 p e r c e n t of the v o t i n g shares of O M N I B A N K D e n v e r , Denver, Col o r a d o , a de n o v o b a n k . * S e p t e m b e r 18, 1989 Ed B e r r o n g , W e a t h e r f o r d , O k l a h o m a , for p r i o r a p p r o v a l to increa s e his p r o p o r t i o n a t e o w n e r s h i p i n t e r e s t in First N a t i o n a l B a n c s h a r e s of W e a t h e r f o r d , Inc., Weatherfo r d , O k l a h o m a , b y .66 per c e n t to 16.34 percent. S e p t e m b e r 18, 1989 Karl B l a d e , M i a m i , Oklahoma, for prior a p p r o v a l to acqu i r e a 19.6 p e r c e n t o w n e r s h i p interest in G u a r a n t y B a n c o r p o r a t i o n , Tulsa, Oklahoma. S e p t e m b e r 18, 1 9 8 9 S o u t h H o l t B a n c s h a r e s , Inc., Oregon, M i s s o u r i , for prior a p p r o v a l to b e c o m e a bank h o l d i n g c o m p a n y t h r o u g h the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g shares of Zook a n d R o e c k e r State Bank, Oregon, M i s s o u r i . S e p t e m b e r 22, 1 9 8 9 Otis G u y B a c o n , A r dmore, Okl a h o m a , for p r i o r a p p r o v a l to increase his p r o p o r t i o n a t e o w n e r s h i p interest in A M C O R P F i n a n c i a l , Inc., Ardmore, O k l a h o m a , b y .6 p e r c e n t to 10.9 percent. S e p t e m b e r 21, 1 9 8 9 Federal Reserve Bank o f Kansas City S E C T I O N III - A P P L I C A T I O N S S O B J E C T T O F E D E R A L R E G I S T E R NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SOBJECT TO FEDERAL REG I S T E R NOTICE OR NEWSPAPER NOTICE APPLICATION None. ♦Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 4, 1989 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by Spearman Bancshares, Inc., Spearman, TX, to acquire First National Bank, Spearman, TX 89/10/05 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. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 9/08/89 Section I - Applications Subject to Newspaper Notice Only A d d Iication Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Bay Commercial Services Employee Stock Ownership Plan, San Leandro, California, to increase its ownership from 9.26 to 11.87 percent of Bay Commercial Services, San Leandro, California. Valley Capital Corporation, Las Vegas, Nevada, to acquire the successor by merger to First Business Bank of Arizona, Phoenix, Arizona. * Far West Bancorporation, Provo, Utah, to become a bank holding company through the acquisition of Far West Bank, Provo, Utah. * Home Credit Corporation, Salt Lake City, Utah, to become a bank holding company through the acquisition of Home Credit Bank (In Organization), Salt Lake City, Utah. * Fed. Rea.: 9/05/89 Newspaper: 9/20/89 Fed. Rea.: 9/22/89 Newspaper: 9/23/89 Fed. Rea.: 9/22/89 Newspaper: 9/26/89 Fed. Rea.: 9/29/89 Newspaper: 10/01/89 Section III - Applications Subject to Federal Register Notice Only Bank of Tokyo, Limited, Tokyo, Japan, to expand the activities of BOT Securities, Inc., New York, New York, to now include certain brokerage and advisory services. Fed. Reg.: Not yet published Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA.
@FedFRASER