h2_19720729.pdf

ANNOUNCEMENT BY

H.2 1972 No. 31

District

12

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

Applications and Reports Received or Acted on

During the Week Ending July 29, 1972

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

Received The Trust Company of New Jersey, Jersey City, New Jersey (June 1972)

Union Bank, Los Angeles, California (June 1972 - Amendment #1)

Date

7/24/72

7/24/72

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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 State Bank of Slater, Slater, Missouri

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

Received 1 The Connecticut Bank and Trust Company, Hartford,

Connecticut. Branch to be established at New London Mall, Route 95, New London.

1 State Street Bank and Trust Company, Boston, Massachusetts. Branch to be established at 35-37 Putnam Street, Winthrop.

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

Received Cont'd. Manufacturers and Traders Trust Company, Buffalo,

New York. Branch to be established at 2050 Kensington Avenue, Amherst.

Hempstead Bank, Hempstead, New York. Branch to be established in the neighborhood of the intersection of Green and Main Streets, unincorporated Village of Huntington, Town of Huntington, Suffolk County.

Citizens Bank of Monroe, Monroe, New York. Branch to be established at 23-25-27 East Main Street, Village of Washingtonville, Orange County.

Bankers Trust Company, New York, New York. Branch to be established at 144-08 243rd Street, Rosedale, Queens County,

Bankers Trust of Rockland County, Spring Valley, New York. Branch to be established on the south-east corner of Orangeburg Road and Dutch Hill Road, Orangeburg, Rockland County.

Union Trust Company of Maryland, Baltimore, Maryland. Branch to be established at the intersection of Liberty and Brenbrook Roads, Randallstown, Baltimore County.

The Bank of Arlington, Arlington, Virginia. Branch to be established at 1117 North 19th Street, Arlington.

United Virginia Bank of Fairfax, Vienna, Virginia. Branches to be established at the following loca-tions: A. 7900 Westpark Drive, McLean.

B. 9401 Lee Highway, Fairfax.

St. Bernard Bank & Trust Company, Arabi, Louisiana. Branch to be established on the St. Bernard Highway, Poydras, St. Bernard Parish, to be known as The Poydras Office.


Received Cont'd. Pascagoula-Moss Point Bank, Moss Point, Mississippi. Branch to be established at the northeast corner of the intersection of State Highway 63 and Saracena Road, Escatawta.

First Security Bank & Trust of Miles City, Miles City, Montana. (Detached) Drive-in branch to be established.

The Central Bank and Trust Company, Denver, Colorado. (Detached) Branch to be established at 15th and Arapahoe Streets, Denver.

Withdrawn United California Bank, Los Angeles, California.

Branch to be established in the vicinity of Travis Boulevard and Pennsylvania Avenue, City of Fairfield, Solano County.

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Thirty Day Notice of Intention to Establish An Additional Branch in a Foreign Country

Received The Chase Manhattan Bank, National Association, New York, New York. Additional branch to be established in London, England.

Bank of America National Trust and Savings Association, San Francisco, California. Additional branch to be established in France, to be located in Lille.


To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act

Received Wachovia Bank and Trust Company, National Association,

Winston-Salem, North Carolina, to establish a corporation to be known as Wachovia International Banking Corporation (New York).

Final Permit Continental Bank International (Pacific),

San Francisco, California.

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To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act

Received Vermont National Bank, Brattleboro, Vermont for prior

approval to merge Ethan Allen National Bank, Fair Haven, Vermont.


H. 2 1972 No. 31

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

Received 4 First Bancorp, Inc., Cincinnati, Ohio, for prior

approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of The Athens National Bank, Athens, Ohio, and The New Richmond National Bank, New Richmond, Ohio.

6 Citibank Group, Inc., Alexander City, Alabama, for prior approval to acquire 64 per cent of the voting shares of the following banks: Covington County Bank, Andalusia, Alabama; City Bank of Goodwater, Goodwater, Alabama; City Bank of Tuskegee, Tuskegee, Alabama; City Bank of Lineville, Lineville, Alabama; City Bank of Roanoke, Roanoke, Alabama.

10 Robles, Inc., Oberlin, Kansas, for prior approval to acquire an additional 58.6 per cent of the voting shares of State Bank of Herndon, Herndon, Kansas.

11 Allied Bancshares, Inc., Houston, Texas, for prior approval to acquire 100 per cent (less directors' qualifying shares) of the successor by merger to Conroe Bank, Conroe, Texas; the successor by merger to Continental Bank, Houston, Texas; and the successor by merger to Merchants Bank, Port Arthur, Texas.

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


Approved Guaranty Loan and Investment Corporation of Tulsa,

Inc., Tulsa, Oklahoma, for prior approval to acquire 50 per cent of the voting shares of Republic National Bank of Tulsa, Tulsa, Oklahoma.

Y,B, Corporation, South Sioux City, Nebraska, for prior approval to acquire 81 per cent of the voting shares of Nebraska State Bank, South Sioux City, Nebraska.

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

Received Merrill Bankshares Company, Bangor, Maine, for prior

approval to acquire at least 80 per cent of the voting shares of Houlton Trust Company, Houlton, Maine.

First Empire State Corporation, Buffalo, New York, for prior approval to acquire 100 per cent (excluding directorsv qualifying shares) of the voting shares of the successor by merger to The First National Bank of Highland, Highland, New York.

United Carolina Bancshares Corporation, Whiteville, North Carolina, for prior approval to acquire 49 per cent of the voting shares of Capitol National Bank, Raleigh, North Carolina, a proposed new bank.

Atlantic Bancorporation, Jacksonville, Florida, for prior approval to acquire not less than 80 per cent of the voting shares of Bank of New Smyrna, New Smyrna Beach, Florida.


H.2 1972 No. 31

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Received Continued Florida Bancorp, Inc., Pompano Beach, Florida, for prior approval to acquire 98.60 per cent of the voting shares of Northwestern Bank of Broward County, Margate, Florida, a proposed new bank.

General Financial Systems, Inc., Riviera Beach, Florida, for prior approval to acquire 55,000 of the voting shares of Jupiter National Bank, Jupiter, Florida, a proposed new bank.

General Financial Systems, Inc., Riviera Beach, Florida, for prior approval to acquire 19,980 of the voting shares of Kendale State Bank, Kendall, Florida, a proposed new bank.

7 Affiliated Bank Corporation, Madison, Wisconsin, for prior approval to acquire 80 per cent or more (less directors' qualifying shares) of the voting shares of Bank of Cambridge, Cambridge, Wisconsin.

11 **The Fort Worth National Corporation, Fort Worth, 7-26-72 Texas, for prior approval to acquire 2,499 shares on behalf of The Fort Worth National Corporation and 445 shares on behalf of The Fort Worth National Bank, through a rights offering of West Side State Bank, Fort Worth, Texas.

12 Tennessee Homestead Company, Ogden, Utah, for prior approval to acquire 12.31 per cent of the voting shares of Bank of Ben Lomond, Ogden, Utah.

12 Tennessee Homestead Company, Ogden, Utah, for prior approval to acquire 36.01 per cent of the voting shares of Bank of Utah, Ogden, Utah.

Approved 2 Manufacturers Hanover Corporation, New York, New York,

for prior approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to First National Bank of Bay Shore, Bay Shore, New York.



H.2 1972 No. 31

Approved Continued 10 First National Charter Corporation, Kansas City,

Missouri, for prior approval to acquire 100 per cent of the voting shares (less directorsf qualifying shares) of the successor by merger to Butler State Bank, Butler, Missouri.

11 First City Bancorporation of Texas, Inc., Houston, Texas, for prior approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of Southwest National Bank of El Paso, El Paso, Texas.

11 First National Bank in Dallas, Dallas, Texas, and its trusteed affiliate, First National Securities Company in Dallas, Dallas, Texas, for prior approval to acquire 1,036 shares of North Dallas Bank & Trust Co., Dallas, Texas.

Suspended 6 On H.2 No. 24, the Board reported receipt of an

application from First Alabama Bancshares, Inc., Birmingham, Alabama, for prior approval to acquire not less than 80 per cent of the voting shares of the Dothan Bank & Trust Company, Dothan, Alabama. This application is now in suspense awaiting receipt of Applicant1s reply to a Department of Justice letter to the Board dated July 28, 1972.

11 On H.2 No. 19, the Board reported receipt of applications from The Frost National Bank of San Antonio and Frost Realty Company, both in San Antonio, Texas, for prior approval to acquire up to 58.1 per cent of the voting shares of Harlandale State Bank, San Antonio, Texas. These applications are now in suspense awaiting receipt of Applicant's reply to a Department of Justice letter to the Board dated July 24, 1972.



-9-H.2 1972 No. 31

Suspended Continued 11 On H.2 No. 25, the Board reported receipt of

applications from The Frost National Bank of San Antonio and Frost Realty Company, both in San Antonio, Texas, for prior approval to acquire 3,437 of the voting shares of Texas State Bank, San Antonio, Texas. These applications are now in suspense awaiting receipt of Applicant's reply to a Department of Justice letter to the Board dated July 24, 1972.

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

Received 1 **First National Boston Corporation, Boston, 7-27-72

Massachusetts, notification of intent to engage in de novo activities (factoring, commercial financing and leasing of personal property) through a subsidiary known as FNB Financial Company, to be located at 815 Superior Avenue, N.E., Cleveland, Ohio.

2 **Princeton American Bancorp, Princeton, New Jersey, 7-25-72 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 principally secured by second mortgages on one to four family residences; (2) in connection therewith credit life, health and accident insurance will be sold) through a wholly-owned subsidiary known as Princeton American Creditcorp. Such activities will be conducted in Morristown, New Jersey.



e H. 2 1972 No. 31

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Received Continued **First Pennsylvania Corporation, Philadelphia, 7-28-72

Pennsylvania, notification of intent to alter de novo activities engaged in by its subsidiary, Fund/Plan Services, Inc. The expanded activities in which Fund/Plan Services, Inc., proposes to engage are (the performance of bookkeeping, record keeping, processing, accounting, transfer agent, registrar and similar services pertaining to the relations of corporations, business trusts, open-end and closed-end investment companies, unit investment trusts, and pension, profit sharing and other employee benefit plans, with their shareholders, securities holders or beneficiaries). Such activities will be conducted at an office located at 1118 Market Street, Philadelphia, Pennsylvania.

United Virginia Barikshares Incorporated, Richmond, Virginia, for permission to retain all of the shares of United Virginia Mortgage Corporation, Richmond, Virginia.

**Great American Corporation, Baton Rouge, Louisiana, 7-20-72 notification of intent to engage in a de novo activity (making or acquiring, for its own account, loans, discounts, acceptances, and other extensions of credit, and other such business as is customarily engaged in by a consumer credit or finance company) in Shreveport, Louisiana, through its present subsidiary, Ambank Acceptance Corporation doing business as American Acceptance Associates.

Third National Corporation, Nashville, Tennessee, for prior approval to acquire 100 per cent of the voting shares of Friendly Finance, Incorporated, Paducah, Kentucky.



H.2 1972 No.. 31 -11-

Received Continued 10 **0maha National Corporation, Omaha, Nebraska, 7-24-72

notification of intent to engage in de novo activities (all aspects of the business of mortgage banking including: (1) making or acquiring,for its own account or for the account of others, loans and other extensions of credit such as would be made by a mortgage company; (2) servicing loans and other extensions of credit; (3) making and selling debt investments in real estate projects; and (4) engaging in all activities in any way pertaining to the conduct of a mortgage banking business) through a subsidiary, Realbanc, Inc., at Omaha, Nebraska.

10 Robles, Inc., Oberlin, Kansas, for permission to retain the assets of Herndon Insurance Agency, Herndon, Kansas.

Approved 10 Guaranty Loan and Investment Corporation of Tulsa,

Inc., Tulsa, Oklahoma, for prior approval to continue to engage in the operation of an industrial loan company and the sale of credit-related insurance.

Delayed 6 **First at Orlando Corporation, Orlando, Florida, 7-26-72

notification of intent to engage in a de novo activity (acting as investment or financial adviser by providing investment services for asset management to the trust departments of both subsidiary and nonaffiliated banks, as well as to other customers) through a subsidiary to be known as Invescap of Florida, Inc., Orlando, Florida.

Permitted 2 **Princeton American Bancorp, Princeton, New Jersey, 7-24-72

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 as would be made by a commercial finance company. Such loans or other extensions of credit would be generally secured by accounts receivable, inventory, equipment or other assets which may be legally pledged) in Morristown, New Jersey, through a new subsidiary, Princeton American Creditcorp.



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Permitted Continued 5 **The Citizens and Southern Corporation, Charleston, 7-28-72

South Carolina, to engage in a de novo activity (the repair, erection, sale or ownership of housing projects under one or more federal housing programs) in Greenville, South Carolina, through its present subsidiary, The Citizens and Southern Housing Corporation, Charleston, South Carolina.

7 **Affiliated Bank Corporation, Madison, Wisconsin, 7-28-72 to engage in a de novo activity (the purchase and leasing of industrial and commercial , equipment, boats, vehicles and other items of personal property of all kinds) through a subsidiary known as Affiliated Leasing Corporation, Madison, Wisconsin.

10 **Affiliated Bankshares of Colorado, Inc., Boulder, 7-24-72 Colorado, to continue 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 Veteransf Administration guaranteed loans, and to engage in all activities in any way pertaining to the conduct of a mortgage lending business) through its subsidiary, Piedmont Mortgage & Investment Co., Inc. at Loveland, Colorado.

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H.2 1972 No. 31 -13-

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

Permitted 2 **The Sperry and Hutchinson Company, New York, New

York, to acquire, through its subsidiary Bayly, Martin & Fay, Inc., Los Angeles, California, Harry Potash Associates, Inc., New York, New York.

2 **Warner Communications Inc., New York, New York, to acquire Asylum Record Corporation, Los Angeles, California.

7 **Marcor Inc., Chicago, Illinois, to acquire Constructors Concrete Product Company, Houston, Texas; Certified Concrete Company, Alvin, Texas; and Conroe Pipe and Supply Co., Inc., Conroe, Texas (which are engaged in the production of concrete pipe) through a subsidiary known as Hydro Conduit Corporation, Orange, California.

7-27-72

7-28-72

7-28-72



h2_19720729.pdf

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