h2_19720506.pdf

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ANNOUNCEMENT. BY

H.2 1972 No. 19

District

BOARD OF-GOVERNORS OF THE FEDERAL RESERVE SYSTEM

Applications and Reports Received or Acted on

During the Week Ending May 6, 1972

Date

Registration Statement Filed Pursuant to Section 12(g) of the Securities Exchange Act

Received Greene County Bank, Greenevilie, Tennesse

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5-1-72

Current Report Filed Pursuant to Section 13 of the Securities Exchange Act

Received The Sylvania Savings Bank Company, Sylvania, Ohio

(April 1972) 5-4-72

Union Bank & Trust Company, Montgomery, Alabama (April 1972) 5-4-72

-k "k * * *

Ownership Statement Filed Pursuant to Section 13(d) of the Securities Exchange Act

Received 11 Central Bank, Monroe, Louisiana (Filed by

Mr. T. H. Scott) 5-1-72

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To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act

Received 7 Northridge Bank, Milwaukee, Wisconsin

Approved 7 Valley Bank and Trust Company, Des Moines, Iowa

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

w w 1972 No. 19

- 2 -

To Withdraw from Membership in the Federal Reserve System Without a Six Month Notice as Prescribed by Section 9 of the Federal Reserve Act

Received 10 The Prairie State Bank, Augusta, Kansas

Approved— -10 The Prairie State Bank, Augusta, Kansas

* * * * *

To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act

Received 1 Sanford Trust Company, Sanford, Maine. Branch to

be established in the Village of Springvale,

2 Long Island Trust Company, Garden City, New York. Branch to be established in the Arcade Shopping Center, located on the west side of Route 112, in the unincorporated Village of Port Jefferson Station, Suffolk County.

5 First Virginia Bank, Falls Church, Virginia. Branch to be established at 8108 Old Dominion Drive, McLean, Fairfax County.

9 Miners and Merchants Bank, Lead, South Dakota. Full service branch to be established at Whitewood.

Approved 1 *The Merrill Trust Company, Bangor, Maine. Branch

to be established at the corner of North and Chandler Streets, Calais.

4 *The Peoples-Liberty Bank and Trust Company, Covington, Kentucky. Branch to be established at 1951 Dixie Highway, Ft. Wright, Kenton County.

9 ^Miners and Merchants Bank, Lead, South Dakota. Full service branch to be established at Whitewood.

10 *First State Bank of Taos, Taos, New Mexico. Branch to be established at Armory and Theodora Streets, Taos.

* * * * *

* Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority.


To Carry Reduced Reserves Pursuant to Section 19 of the Federal Reserve Act

Received Northridge Bank, Milwaukee, Wisconsin

Approved Valley Bank and Trust Company, Des Moines, Iowa

Bank of Woodlake, N. A., Houston, Texas

* * * * *

To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act

Received Continental Illinois National Bank and Trust Com-pany of Chicago, Chicago, Illinois, Branch to be established in Piraeus, Greece.

* * * * *


11.2 1972 No. 19 - 4 -

To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956

Received 1 ^^Massachusetts Bankshares, Inc., Hingham, 5-3-72

Massachusetts, for prior approval to acquire at least 80 per cent of the voting shares of Lincoln Trust Company, Hingham, Massachusetts.

10 Frisco-Dillon, Inc., Lincoln, Nebraska, for prior approval to acquire 8,180 shares of the voting shares of Summit County Bank, Frisco, Colorado.

Approved 5 **Suburban Bancorporation, Hyattsville, Maryland, 5-1-72

for prior approval to acquire 74,750 shares of the successor by merger to Suburban Trust Company, Hyattsville, Maryland.

12 **Redwood Bancorp, San Rafael, California, for prior 5-1-72 approval to acquire 100 per cent of the voting shares (less directorsf qualifying shares) of the successor by merger to Redwood Bank, San Rafael, California.

Denied First Bancorp, Inc., Cincinnati, Ohio, for prior

approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of The Athens National Bank, Athens\ The Security Bank, Athens\ and The New Richmond National Bank, New Richmond, all in Ohio.

* * * * *

To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956

Received 11 Bank Securities, Inc., Alamogordo, New Mexico,

for prior approval to acquire 62.6 per cent or more of the voting shares of First National Bank of Clovis, Clovis, New Mexico.

**Processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2 1972 No. 19

- 5 -

Received Continued 11 First City Bancorporation of Texas, Inc., Houston,

Texas, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of the Southwest National Bank of El Paso, El Paso, Texas.

11 The Frost National Bank of San Antonio, and Frost Realty Company, both in San Antonio, Texas, for prior approval to acquire 58/1 per cent of the voting shares of Harlandale State Bank, San Antonio, Texas.

11 Southwest Bancshares, Inc., Houston, Texas, for prior approval to acquire 51 per cent or more of the voting shares of The First National Bank at Brownsville, Brownsville, Texas.

Approved 4 Huntington Bancshares Incorporated, Columbus,

Ohio, for prior approval to acquire up to 100 per cent (less directors1 qualifying shares) of the voting shares of The First National Bank of Kenton, Kenton, Ohio.

5 Fidelity American Bankshares, Inc., Lynchburg, Virginia, for prior approval to acquire 100 per cent of the voting shares of Tidewater Bank and Trust Company, Williamsburg, Virginia, a proposed new bank.

8 Boatmen's Bancshares, Inc., St. Louis, Missouri, for prior approval to acquire 90 per cent or more of the voting shares of Bank of Troy, Troy, Missouri.

8 Mercantile Bancorporation, Inc., St. Louis, Missouri, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of The Trenton National Bank, Trenton, Missouri.


H.2 1972 No. 19

6 -

Approved Continued 10 First National Charter Corporation, Kansas City, Missouri,

for prior approval to acquire 100 per cent (less directors! qualifying shares) of the voting shares of the successor by merger to The Livestock National Bank of Kansas City, Kansas City, Missouri.

10 Wyoming Bancorporation, Cheyenne, Wyoming, for prior approval to acquire 97.6 per cent or more of the voting shares of University National Bank of Laramie, Laramie, Wyoming.

* * * * *

To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956

Received 1 **R.I.H.T. Corporation, Providence, Rhode Island, 5- 3-72

notification of intent to engage in a de_ novo activity (making or acquiring, for its own account or for the account of others, loans and other extensions of credit and other activities commonly engaged in by mortgage banking companies) through a subsidiary known as The Washington Row Company, Providence, Rhode Island.

5 **First & Merchants Corporation, Richmond, Virginia, 5- 5-72 notification of intent to engage in a cte novo activity (making mortgage loans principally secured by second mortgages on residential and commercial real estate) at Portsmouth, Virginia, through its subsidiary First Realty Mortgage Corporation, Richmond, Virginia,

6 **Third National Corporation, Nashville, Tennessee, 5- 5-72 notification of intent to shift ownership of The Third's Small Business Investment Company, Nashville, Tennessee, a wholly-owned subsidiary of Third National Bank, Nashville, Tennessee, from such bank to such holding company, and thereby to continue to engage in a de_ novo activity (making of long term loans and equity investments in small businesses).



H. 2 - 7 -1972 No. 19

Received Continued 7 **The First National Company, Storm Lake, Iowa, 5-4-72

notification of intent to engage in a de novo activity (leasing personal property and equipment, or acting as agent, broker, or adviser in leasing of such property, where at the inception of the initial lease the expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property will be to compensate the lessor for not less than the lessor's full investment in the property).

10 -^Affiliated Bankshares of Colorado, Inc., Boulder, 5-4-72 Colorado, notification of intent to engage in de novo activities (all aspects of the business of mortgage lending including interim construction and permanent loan financing of all types and specifically the making of conventional, Federal Housing Administration insured, and Veterans1 Administration guaranteed loans, and to engage in all activities in any way pertaining to the conduct of a mortgage lending business) in San Jose, California, through its subsidiary Piedmont Mortgage & Investment Co., Inc.

Approved 10 The First National Bancorporation, Inc., Denver,

Colorado, to transfer all of the assets of the mortgage banking division of the First National Bank of Denver, Denver, Colorado, to First Denver Mortgage Company, a proposed new subsidiary.

12 Marine Bancorporation, Seattle, Washington, for approval to retain all of the voting shares of Coast Mortgage Company, Seattle, Washington.



H.2 1972 No. 19

Delayed 10 **The First National Bancorporation, Inc. , Denver, 5- 3-72

Colorado, notification of intent to engage in a de novo activity (acting as agent for the sale of property, casualty and surety insurance for the protection of The First National Bancorporation Inc., and its subsidiaries; acting as agent for the sale of life, disability and hospital insurance for the protection of employees of The First National Bancorporation Inc., and its subsidiaries; acting as agent for the sale of credit life, credit accident and health insurance on borrowers who have been extended credit by a bank or bank-related firm; acting as agent for the sale of property insurance on loan collateral securing extensions of credit by a bank or bank-related firm; acting as agent for the sale of mortgage life, mortgage accident and health insurance on mortgagors whose mortgages are serviced by subsidiaries of The First National Bancorporation Inc.; acting as agent for the sale of property insurance on mortgaged property directly related to mortgage loan servicing provided by subsidiaries of The First National Bancorporation Inc.; acting as agent for insurance which is otherwise sold as a matter of convenience so long as the premium income from sales within this area does not constitute a significant portion of the aggregate insurance premium income from insurance sold) through a subsidiary known as Denver Assurors Co., at offices of the holding company and each subsidiary in Littleton, North Glenn, Denver, Greeley, Boulder and Colorado Springs, Colorado.



H, 2 1972 No. 19

9 -

Denied 1 R.I.H.T. Corporation, Providence, Rhode Island,

for prior approval to participate through Washington Row Company, Providence, Rhode Island, its wholly-owned subsidiary, as a limited partner in Slater Mall Associates, a Rhode Island limited partnership, in the development of a parcel of real estate in the urban renewal project known as the "Slater Hall Urban Renewal Area Project, R.I. R-lln

in the city of Pawtucket, Rhode Island.

12 Marine Bancorporation, Seattle, Washington, for prior approval to acquire all of the voting shares of Far West Securities Co., Spokane, Washington.

Reactivated 12 **0n H.2 No. 4 (1972), the Board reported receipt from 5-5-72

Marine Bancorporation, Seattle, Washington, of notification of intent to engage in de novo activities ((1) making or acquiring for its own account or for the account of others, loans and other extensions of credit; (2) directly or indirectly to act as insurance agent or broker on insurance that is directly related to an extension of credit by any subsidiary of applicant) in Anchorage, Alaska, through a de novo office of its wholly-owned subsidiary, Coast Mortgage Company, Seattle, Washington. This application was delayed pending the Board's decision on Marine Bancorporation1s application for permission to retain Coast Mortgage Company, Seattle, Washington.

'W-processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2 - 1 0 -1972 No. 19

Permitted 5 **The Citizens and Southern Corporation, Charleston, 5-6-72

South Carolina, to engage in d_e novo activities ((1) making or acquiring for its own account or for the account of others, loans and other extensions of credit; (2) servicing loans and other extensions of credit for any person or company) in Atlanta, Georgia, through its subsidiary, Carolina National Mortgage Investment Co., Inc., Charleston, South Carolina.

7 **The Marine Corporation, Milwaukee, Wisconsin, to 4-29-72 engage in a de novo activity (leasing personal property and equipment or acting as agent, broker, or advisor in leasing of such property) through a subsidiary known as Marinebanc Leasing Company, Inc., Milwaukee, Wisconsin.

7 **Polish Roman Catholic Union of America, Chicago, 4-29-72 Illinois, to engage de novo in certain activities ((1) making and acquiring loans and other extensions of credit for both our account and others ; (2) leasing of personal property and equipment) through a subsidiary known as Nathan Hale Investment Corporation, Chicago, Illinois.

* * * * *

To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956

Permitted 10 ^Southwestern Investment Company, Amarillo, Texas, to 5- 1-72

acquire Security Savings and Loan Association, Colorado Springs, Colorado.

10 ^^Southwestern Investment Company, Amarillo, Texas, to 5- 1-72 acquire substantially all of the assets of Premium Funding Corporation, Lutherville, Maryland.



h2_19720506.pdf

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