h2_19791215.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1979 No. 50)

Actions of the Board; Applications and Reports

Received During the Week Ending December 15, 1979 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD 1

Statement by Governor Henry C. Wallich before the Sub-committee on International Finance of the Senate Banking Committee on international financial conditions.

Regulation Q, interest on deposits, a series of regula-tory moves designed to help a small saverincluding a new 2-1/2 year certificate tied to the yield on Treasury securitieswas announced jointly by Federal Home Loan Board, the FDIC, the Federal Reserve Board and the National Credit Union Administration; the changes will go into effect January 1, 1980. (Docket No. R-0267)

The Federal Reserve Board approved a new supervisory policy with respect to the purchase and sale of govern-ment guaranteed loans by State member banks.

Policy statement for assessing the financial factors in the formation of small one-bank holding companies; Garments must be received on or before January 31, 1980.

The Federal Reserve Board proposed for comment a clari-fication and simplification of the portions of its Regulation J dealing with check collection and wire transfers; the Board asked for comment by February 15, 1980. (Docket No. R-0266)

Reorganization of the Division of Consumer Affairs under the title of Division of Consumer and Community Affairs.

Kansas City Colorado National Bankshares, Inc., Denver, Colorado, ex-tension of time to January 9, 1980, within which to consummate the acquisition of East Industrial Bank, Denver, Colorado. 1/

1/ Application processed on behalf of the Board of Governors under delegated authority.

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

H.2, 1979 No. 50 2

ACTIONS OF THE BQARD-Continued

Kansas City Colorado National Bankshares, Inc., Denver, Colorado, extension of time to January 14, 1980, within which to consummate the acquisition of Colorado Bank-Tech Center, Denver, Colorado. 1/

Dallas Commercial State Bancshares, Inc., Houston, Texas, ex-tension of time to December 15, 1979, within which to consummate the acquisition of Commercial State Bank, Houston, Texas. 1/

Dallas Corpus Christi Bankshares, Inc., Corpus Christi, Texas, extension of time to March 18, 1980, within which to consummate the acquisition of First State Bank of Corpus Christi, Corpus Christi, Texas. 1/

Dallas Corsicana Bancshares, Inc., Corsicana, Texas, extension of time to January 4, 1980, within which to consummate the acquisition of Corsicana National Bank, Corsicana, Texas. 1/

Dallas First City Bancorporation of Texas, Inc., Houston, Texas, extension of time to January 8, 1980, within which to consummate the acquisition of First Security National Corporation, Beaumont, Texas, and the acquisition of the credit related insurance and data processing sub-sidiaries of First Security National Corporation; and an extension of time to March 8, 1980, within which to consummate the acquisition of Gateway National Bank of Beaumont, Beaumont, Texas. 1/

First Neches Bancorp Shares, Inc., Vidor, Texas, exten-sion of time to February 27, 1980, within which to consummate the acquisition of Vidor State Bank, Vidor, Texas. 1/

Guaranty Bancshares, Inc., Mount Pleasant, Texas, exten-sion of time to March 22, 1980, within which to con-summate the acquisition of Guaranty Bond State Bank, Mount Pleasant, Texas, and The Talco State Bank, Talco, Texas. 1/

New York Honkkong and Shanghai Banking Corporation, Hong Kong, B.C.C.; Kellett N.V., Curacao, Netherlands Antilles; and HSBC Holdings B.V., Amsterdam, The Netherlands, extension of time to acquire shares of Marine Midland Banks, Inc., Buffalo, New York. 1/

Dallas

Dallas

17 Application processed on behalf of the Board of Governors under delegated authority.

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H.2, 1979 No. 50 - 3 -

ACTIONS OF TOE BOARD-Continued

Kansas City ONB Bancorp, Inc., Chickasha, Oklahoma, extension of time to March 12, 1980, within which to consummate the acquisition of Oklahoma National Bank and Trust Company, Chickasha, Oklahoma. 1/

Dallas United Texas Financial Corporation, Wichita Falls, Texas, extension of tine to February 4, 1980, within which to consummate the acquisition of Parker Square State Bank, Wichita Falls, Texas. 1/

San Farmers and Merchants Bank of Central California, Lodi, Francisco California, extension of time to December 27, 1980,

within which to establish a branch office in the vicinity of Kettleman Lane and Hutchins Street, Lodi, California. 1/

Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan, extension of time to March 9, 1980, within which to establish a branch in the vicinity of 0-300 Chicago Drive, Georgetown Township, Michigan. 1/

San Chartered Bank of London, San Francisco, California, ex-Francisco tension of time to January 15, 1980, within which to

merge into Union Bank, Los Angeles, California. 1/

Atlanta Central Bank of Montgomery, Montgomery, Alabama, an in-vestment in bank premises. 1/

Richmond Farmers & Merchants State Bank, Fredericksburg, Virginia, an investment in bank premises. 1/

San County Bank of Santa Cruz, Santa Cruz, California, an Francisco investment in bank premises. 1/

Richmond First Virginia Bank - South, Danville, Virginia, an in-vestment in bank premises. 1/

San Issuance of subordinated capital notes by United Cali-Francisco fornia Bank, Los Angeles, California. 1/

17 Application processed on behalf of the Board of Governors under delegated authority.

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

H.2, 1979 No. 50 - 4

ACTIONS OF THE BOARD-Continued

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

San Francisco

Chicago

Cleveland

Approved Walker Bank and Trust Company, Salt Lake City, Utah. Branch to be established in the vicinity of 2700 North 400 East, North Ogden, Weber County, Utah. 1/ & 2/

Union Savings Bank of Manchester, Manchester, Michigan. Drive-in to be established at the corner of Adrian and Duncan Streets, Manchester, Michigan. 1/ & 2/

The Orrville Savings Bank, Orrville, Ohio. Branch to be established at 10 North Main Street, Marshallville, Wayne County, Ohio. 1/ & 2/

* * * * *

Dallas

Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978

Not Disapproved Lindale Bancshares, Inc., Lindale, Texas, 1/ & 2/

* * * * *

Applications and Notifications for International Invest-ments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 (c) (9) and 4(c) (13) of the Bank Holding Company Act of 1956, as amended

Approved New York Marine Midland International Corporation, New York, New

York: to remore the "standard subsidiary conditions" with regard to Interunion-Banque, Paris, France.

37 Application processed on behalf of the Board of Governors under delegated authority.

2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

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

H.2, 1979 No. 50 - 5 -

ACTIONS OF THE BQARD-Continued

Richmond Bank of Virginia National, ,Uchmond, Virginia: grants consent to purchase and hold, directly or indirectly, 400,000 shares of Bank of Virginia (Bahamas) Ltd., Nassau, Bahams.

San Francisco

New York

New Yrok

Seattle-First International Corporation, Seattle, Washington: grants permission to increase its paid-in capital by issuing 100,000 shares of capital stock.

Sixty day Notification Period Allowed to Expire Bankers Trust Company, New York, New York: no objection to establish an initial branch in Manila, Philippines.

Citibank, N.A., New York, New York: no objection to acquire additional shares of and make a subordinated loan to its subsidiary, Citibank (Luxembourg) S.A., Luxembourg (Bank).

* * * * *

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

Approved Atlanta Farmbanc Company, Winchester, Tennessee, for approval

to acquire 95.71 per cent of the voting shares of Farmer's Bank and Trust Company, Winchester, Tennessee. V &

Chicago Syracuse Bancorp, Inc., Syracuse, Indiana, for approval to acquire 80 per cent or more of the voting shares of State Bank of Syracuse, Syracuse, Indiana. 1/ & 2/

St. Louis Douglas County Bancshares, Inc., Kansas City, Missouri, for approval to acquire 80 per cent or more of the voting shares of Citizens Bank of Ava, Ava, Missouri. 1/ & 2/

Kansas City Crested Butte Bankshares, Inc., Crested Butte, Colorado, for approval to acquire 80 per cent or more of the voting shares of Crested Butte State Bank, Crested Butte, Colorado. 1/ & 2/

1/ Application processed on behalf of the Board of Governors under delegated authority.

2/ Application subject to Ccmnunity Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

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H.2, 1979 No. 50 6 -

ACTIONS OF THE BQARD-Caitinued

Kansas City First Kiowa Bancshares, Inc., Kiowa,. Kansas, for ap-proval to acquire 98.5 per cent of the voting shares of The First State Bank, Kiowa, Kansas. 1/ & 2/

Kansas City General Banoorporation, Inc., Brocmfield, Colorado, for approval to acquire 98.5 per cent of the voting shares of Broomfield State Bank, Brocmfield, Colorado. V & 2/

Kansas City Kiowa Bancshares, Inc., Roosevelt, Oklahoma, for ap-proval to acquire 80 per cent or more of the voting shares of Security State Bank, Roosevelt, Oklahoma. 1/ & 2/

Dallas American Bancorp, Inc., San Antonio, Texas, for approval to acquire 90 per cent or more of the voting shares of The American Bank, San Antonio, Texas. 1/ & 2/

Dallas Enterprise Bancshares, Inc., Mount Enterprise, Texas, for approval to acquire 80 per cent or more of the voting shares of Merchants & Planters State Bank, Mount Enterprise, Texas. 1/ & 2/

Dallas Sundown Bankshares, Inc., Sundown, Texas, for approval to acquire 92 per cent of the voting shares of Sundown State Bank, Sundown, Texas. 1/ & 2/

Dallas Texas Security Bancshares, Inc., Fort Worth, Texas, for approval to acquire 80 per cent or more (less directors' qualifying shares) of Central Bank and Trust, Fort Worth, Texas and North Fort Worth Bank, Fort Worth, Texas. 1/ & 2/

* * * * *

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

Approved Richmond Colonial American Bankshares Corporation, Roanoke,

Virginia, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to The Mountain National Bank of Clifton Forge, Clifton Forge, Virginia. 1/ & 2/

V Application processed on behalf of the Board of Governors under delegated authority.

2/ Application subject to Community Reinvestment Act. The Ccrrmunity Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the Garment period.

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H.2, 1979 No. 50 - 7 -

ACTIONS OF THE BQARD-ContdLnued

Chicago

Chicago

Dallas

Dallas

Dallas

Dallas

First Charter Financial Corporation, Syracuse, Indiana, for approval to acquire 68.26 per cent of the voting shares of Syracuse Bancorp, Inc., Syracuse, Indiana which proposes to acquire 80 per cent or more of the voting shares of State Bank of Syracuse, Syracuse, Indiana. 1/ & 2/

Pacesetter Financial Corporation, Grand Rapids, Michigan, for approval to acquire 100 per cent of the voting shares of the successor by consolidation to The Almont Savings Bank, Almont, Michigan. 1/ & 2/

Allied Bancshares, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of Allied Mission Bend Bank, Harris County, Texas, a proposed new bank. 1/ & y

Allied Bancshares, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of Allied Nederland Bank, Nederland, Texas, a proposed new bank. 1/ & 2/

Allied Bancshares, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to Cypress Bank, Harris County (P.O. Houston), Texas. 1/ & 2/

Allied Bancshares, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to Texas Bank and Trust Company, Jacksonville, Texas. 1/ & 2/

* * * * *

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

Approved Chicago Lone Tree Service Company, Lone Tree, Iowa, for approval

to retain voting shares of Rout Insurance Agency, Lone Tree, Iowa and thereby continue to sell as agent insurance directly related to extensions of credit by The Farmers & Merchants Savings Bank, Lone Tree, Iowa. 1/

V Aplication processed on behalf of the Board of Governors under delegated authority.

2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

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H.2, 1979 No. 50 8

ACTIONS CF THE BQftRD-Continued

Son Crocker National Corporation, San Francisco.- California, Francisco for approval to acquire all of the outstanding shares

of Bishop Investment Corporation, Honolulu, Hawaii and thereby to acquire control of certain of its subsid-iaries, including Bishop Trust Company, Ltd., Honolulu, Hawaii, Hawaii Finance Catpany, Ltd., Hilo, Hawaii and Bishop Building Go., Inc.

v Reactivated San First Hawaiian, Inc., Honolulu, Hawaii, notification Francisco of intent to engage in de novo activities (the offer-

ing of property damage and liability insurance in connection with extensions of credit) at all existing offices of its subsidiary, Hawaii Thrift & Loan, Incorporated (12/10/79) 3/

San First Hawaiian, Inc., Honolulu, Hawaii, notification Francisco of intent to engage in de novo activities (the offer-

ing of property damage and liability insurance in connection with extensions of credit) at 1268 Kaahimanu Street, Pearl City, Hawaii, through its subsidiary, Hawaii Thrift and Loan, Incorporated (12/10/79) 3/

Permitted Boston Old Stone Corporation, Providence, Rhode Island, noti-

fication of intent to engage in de novo activities (the origination, sale and servicing of first and second mortgage loans; and the sale of credit life, and credit accident and health insurance offered in connection with extensions of credit) at Suite 204, 6100 Cbanningway Boulevard, Columbus, Ohio, through a new indirect subsidiary, DAC Corporation of Ohio . (12/12/79) 3/

New York Manufacturers Hanover Corporation, New York, New York, notification of intent to engage in de novo activities (leasing real and personal property on a full payout basis; acting as agent, broker or adviser in leasing such property in accordance with the Board's regula-tions; making and acquiring loans and other extensions of credit with respect to such property; and servicing such leases, loans or other extensions of credit) at the Fourth and Blanchard Building, Fourth and Blanchard Street, Seattle, Washington, through its subsidiary, Manufacturers Hanover Leasing Corporation (12/4/79) 3/

3/ 4(c) (8) of 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H.2, 1979 No. 50 - 9 -ACTIONS OF THE BQARD-Continued

Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities (general consumer finance activities including acting as insurance agent with respect to the sale of credit life insurance, credit accident and health insurance, and credit property insurance) at 10640 North 56th Street, Tampa, Florida, 2600 Wabash Avenue, Terre Haute, Indiana and Melanie Square Shopping Center,

i Pendleton, Oregon, through a subsidiary, Freedom Financial Services Corporation (10/10/79) 3/

Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities (leasing real or personal prope ty or acting as agent, broker or adviser in leasing such property; the lease shall serve as the functional equivalent to an exten-sion of credit to the lessee, and the transaction will provide a sufficient return to compensate the lessor for the full investment in the property plus the esti-mated cost of financing the property over the term of the lease; making or acquiring, for its ovn account or the account of others, loans or other extensions of credit to be secured by real or personal property; servicing leases on real or personal property and loans secured by real or personal property for its own account or the account of others) at 3629 Mellon Bank Building, Pittsburgh, Pennsylvania, through a subsid-iary, Mellon International Aircraft Leasing Corporation #1 (12/13/79) 3/

Richmond Southern Bancorporation, Inc., Greenville, South Carolina, notification of intent to engage in de novo activities (making extensions of credit as consumer finance lenders; and acting as agent for the sale of credit property insurance, accident and disability insurance, and credit related life insurance issued directly in connection with the above-mentioned ex-tensions of credit) at 11 First Street, Moultrie, Georgia and 115 East 2nd Street, Tifton, Georgia, through its subsidiary, World Acceptance Corporation (12/13/79) 3/

Atlanta Barnett Banks of Florida, Inc., Jacksonville, Florida, notification of intent to engage in de novo activities (to engage in check verification activities in the State of Alabama frcrn offices in Mobile and Birmingham, Alabama) through its wholly-cwned subsidiary, Verifi-cations, Inc. (12/10/79) 3/

3/ 4(c) (8) or 4(c) (12) notification processed on behalf of the Board of Governors under delegated authority.

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

H.2, 1979 No. 50 - 10 -ACTIONS OF THE BQAKD-Continued

Atlanta First Capital Corporation, Jackson, Mississippi, noti-fication of intent to retain its wholly-owned sub-sidiary, F. S. Corporation and to continue to engage in activities (making or acquiring, for its own ac-count or for the account of others, loans and other extensions of credit; servicing loans and other ex-tensions of credit for any persons? acting as adviser in leasing personal property; acting as insurance agent and broker in offices in which the holding company and its subsidiaries are otherwise engaged in business with respect to the following types of insurance: any insurance that is directly related to an extension of credit by a bank or a bank related firm of the kind described in Regulation Y including the brokering of credit life insurance, accident and health insurance and property and casualty insurance for dealer paper purchased by The First National Bank of Jackson, Jackson, Mississippi, a subsidiary of First Capital Corporation) such activities will be conducted in Jackson, Greenville, McCanb, Greenwood and Tylertown, Mississippi (10/10/79) 3/

Kansas City American Bancorporation, Inc., Kansas City, Missouri, notification of intent to engage in de novo activities (lending secured by real estate mortgages or deeds of trust) at 99th and Holmes, Kansas City, Missouri, through its subsidiary, American Mortgage Company (12/14/79) 3/

Kansas City Colorado National Bankshares, Inc., Denver, Colorado, notification of intent to engage in de novo activities (sale of reducing term credit life insurance and credit accident and health insurance in connection with amortized loans and consumer installment loans, and also the sale of level term credit life insurance and credit accident and health insurance in connection with single payment loans) at 2697 Highway 50, Grand Junction, Colorado; on the northwest corner of the in-tersection of East Belleview Avenue and Tamarac Park-way, Denver, Colorado; on the northwest corner of the intersection of East First Avenue and Madison Street, Denver, Colorado, and at 901 Grand Avenue, Glenwood Springs, Colorado, through its subsidiary, Colorado National Insurance Agency (12/12/79) 3/

37 4(c) (8) or 4(c) (12) notification processed on behalf of the Board of Governors under delegated authority.

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H.2, 1979 No. 50 11

ACTIONS OF THE BQARD-Ccntinued

Kansas City Firstbank Holding Company, Lakewood, Colorado, notifi-cation of intent to engage in de novo activities (to act as an insurance agent to provide insurance for the holding company and its subsidiaries and insurance that is directly related to an extension of credit by the holding ooripany and its subsidiaries) at offices in the following locations: Firstbank of Westland, N.A., Lakewood, Colorado; Firstbank of Wheat Ridge, N.A., Lakewxti, Colorado; Firstbank of North Longmont, N.A., Longmont, Colorado? Firstbank of Vail, Vail, Colorado; Firstbank of Minturn, Minturn, Colorado; Firstbank of Erie, Erie, Colorado; Firstbank of Gun-barrel 1, N.A., Boulder, Colorado; Firstbank of Castle Rock, N.A., Castle Rock, Colorado; Firstbank of Academy Park, LakewDod, Colorado; Firstbank of South Longmont, N.A., Longmont, Colorado; and Firstbank of West Arvada, N.A., Arvada, Colorado (12/11/79) 3/

First Hawaiian, Inc., Honolulu, Hawaii, notification of intent to engage in de novo activities (the offering of property damage ancf liability insurance in connec-tion with extensions of credit) at 1268 Kaahumanu Street, Pearl City, Hawaii, through its subsidiary, Hawaii Thrift & Loan, Incorporated (12/10/79) 3/

San First Hawaiian, Inc., Honolulu, Hawaii, notification of Francisco intent to engage in de novo activities (the offering

of property damage and liability insurance in connec-tion with extensions of credit) at all existing offices of its subsidiary, Hawaii Thrift & Loan, Incorporated (12/10/79) 3/

San Francisco

37 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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H.2, 1979 No. 50 - 1 2 -

APPLICATIONS RECEIVED

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

New York Irving Trust Company, New York, New York. Branch to be established at Lake Placid Club, Mirror Lake Drive, Lake Placid, New York. 2/

New York Chemical Bank, New York, New York. Branch to be es-* tablished on the fourth floor of the Liberty Building,

at Queensborough Community College, 56th Avenue and Springfield Boulevard, Bay side, Borough of Queens, New York. 2/

* * * * *

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

New York Barclays Bank of New York, New York, New York, to purchase certain assets and assume certain liabilities of 31 branches of Bankers Trust Company, New York, New York.

* * * * *

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

Chicago Waupaca Banoorporation, Waupaca, Wisconsin, for ap-proval to acquire 80 per cent or more of the voting shares of First National Bank of Watipaca, Waupaca, Wisconsin. 2/

St. Louis First National Bancshares in Newton, Inc., Newton, Illinois, for approval to acquire 80 per cent or more of the voting shares of First National Bank in Newton, Newton, Illinois. 2/

Minneapolis The Tysan Corporation, Minneapolis, Minnesota, for ap-proval to acquire 90.78 per cent of the voting shares of State Bank of Long Lake, Long Lake, Minnesota. 2/

27 Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comnent period.

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

4 H.2, 1979 No. 50 - 1 3 -

APPLICATIONS REXZEIVED-Continued

Kansas City

Kansas City

Kansas City

Kansas City

Kansas City

Dallas

Dallas

Dallas

San Francisco

Bucklin Bankshares, Inc., Bucklin, Kansas, for ap-proval to acquire 80 per cent or more of the voting shares of The Farmers State Bank of Bucklin, Bucklin, Kansas. 2/

Elsie, Inc., Elsie, Nebraska, for approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of Commercial State Bank, Elsie, Nebraska. 2/

First of Chadron Bank Corporation, Chadron, Nebraska, for approval to acquire 95.5 per cent of the voting shares of The First National Bank of Chadron, Chadron, Nebraska. 2/

First Mustang Corporation, Mustang, Oklahoma, for ap-proval to acquire 98.76 per cent (less directors' qualifying shares) of the voting shares of The First Mustang State Bank, Mustang, Oklahoma. 2/

Southwest State Corporation, Sentinel, Oklahoma, for approval to acquire 80 per cent or more of the voting shares of Southwest State Bank, Sentinel, Oklahoma. 2/

FIRST FINANCIAL BANCORPORATION, INC., Waco, Texas, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of First Bank & Trust, Bryan, Texas, Bryan, Texas and Sabine Bank, Port Arthur, Texas. 2/

Royall Financial Corporation, Palestine, Texas, for ap-proval to acquire 80-100 per cent of the voting shares of The Royall National Bank of Palestine, Palestine, Texas. 2/

Wolfe City Bancshares, Inc., Wolfe City, Texas, for ap-proval to acquire 80-100 per cent of the voting shares of The Wolfe City National Bank, Wolfe City, Texas. 2/

Treasure Valley Bancorp, Inc., Fruitland, Idaho, for approval to acquire 90 per cent or more of the voting shares of Treasure Valley State Bank, Fruitland, Idaho and Inter-Mountain State Bank, Cascade, Idaho. 2/

2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the coiment period.

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H.2, 1979 No. 50 - 14 -

APPLICATIONS RECEIVED-Continued

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

Boston First Financial Group of New Hampshire, Inc., Manchester, New Hanpshire, for approval to acquire 100 per cent of the voting shares of Clarenont National Bank, Claremont, New Hanpshire. 2/

Richmond Bank of Virginia Company, Richmond, Virginia, for ap-proval to acquire 100 per cent of the voting shares of Bank of Virginia-Wise, St. Paul, Virginia, a proposed new bank. 2/

Chicago Security Financial Services, Inc., Sheboygan, Wisconsin, for approval to acquire 80 per cent or more of the voting shares of Eldorado State Bank, Eldorado, Wisconsin. 2/

Kansas City Commerce Bancshares of Wyoming, Inc., Sheridan, Wyoming, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of Security Bank of Buffalo, Buffalo, Wyoming. 2/

* * * * *

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

New York Manufacturers Hanover Corporation, New York, New York, notification of intent to engage in de novo activities (leasing real and personal property on a full payout basis, and acting as agent, broker or adviser in leasing of such property in accordance with the pro-visions of Regulations promulgated by the Board of Governors of the Federal Reserve System and making and acquiring, for its own account or for the account of others, loans and other extensions of credit with respect to such property and servicing such leases, loans or other extensions of credit? such activities will generally involve substantial dollar amounts and property used for conmercial/business purposes by the lessee/borrower concerned) at 6701 Rockside Road, Independence, Ohio, through its subsidiary, Manufacturers Hanover Leasing Corporation (12/12/79) 3/

27 Application subject to Community Reinvestment Act. The Ccrrrnunity Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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H.2, 1979 Nd. 50 15

APPLICATIONS REXZEIVED-Oontiriued

Philadelphia Philadelphia National Corporation, Philadelphia, Penn-sylvania, notification of intent to engage in de novo activities (the solicitation and origination of loans secured by accounts receivable, inventory, machinery and equipment and/or other commercial finance collat-eral from and to businesses and corporations located in the State of Pennsylvania, Virginia, Maryland and the District of Columbia) at the American City Build-ing, Columbia, Maryland, through its indirect subsid-iary, Congress Financial Corporation (a California Corporation) (12/7/79) 3/

Philadelphia Philadelphia National Corporation, Philadelphia, Penn-sylvania, notification of intent to engage in de novo activities (the origination of FHA, VA and conventional residential mortgage loans) at 1261 W. Gonzales Road, Oxnard, California, through its subsidiary, Colonial Mortgage Service Company Associates, Inc. (11/28/79) 1/

Atlanta Pan American Bancshares, Inc0, Miami, Florida, for ap-proval to acquire the Orlando, West Palm Beach, Tampa and Orange Park offices of Atico Mortgage Corporation, Miami, Florida through a wholly-cwned subsidiary of the holding company known as Bancshares Properties, Inc.

Atlanta Southwest Florida Banks, Inc., Fort Myers, Florida, no-tification of intent to engage in de novo activities (providing, as agent, in connection with extensions of credit by Applicant's subsidiary banks, insurance assuring repayment of such an extension of credit in the event of death or disability of the borrower) at offices located in Port Charlotte, Madeira Beach and Palmetto, Florida (12/10/79) 3/

St. Louis Citizens Fidelity Corporation, Louisville, Kentucky, notification of intent to engage in de novo activities (in order to engage in the leasing of personal prop-erty; (including, but not limited to, business equip-ment, computers, hospital equipment, banking equipment of all types) and acting as agent, broker, or adviser in the leasing of such property in a manner such that the leasing would serve as a functional equivalent of an extension of credit) at 2814 Hamilton Road, Columbus, Ohio, through its non-banking subsidiary, Citizens Fidelity Leasing Corporation (12/14/79) 3/

37 4(c) (8) of 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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H.2, 1979 No. 50

Minneapolis

Kansas City

Kansas City

Kansas City

Dallas

San Francisco

16

APPLICATIONS RBCEIVED-Continued

First Bank System, Inc., Minneapolis, Minnesota, noti-fication of intent to engage in de novo activities (performing or carrying or any one or more of the functions or activities that may be performed or carried on by a trust company including activities of a fiduciary, agency or custodian nature) such activities will be conducted at an office located in the greater Phoenix, Arizona metropolitan area, through a subsidiary, First Trust Company of Arizona (12/6/79) 3/

Central Trust Company, Lander, Wyoning, notification of intent to engage in de novo activities (to continue to engage in the non-banking activity of performing or carrying on any one or more of the functions or activities that may be performed or carried on by a trust company) (12/10/79) 3/

Liberty National Corporation, Oklahoma City, Oklahoma, for approval to acquire the shares of Mid-America Credit Life Assurance Company, Oklahoma City, Oklahoma.

Missouri Country Bancshares, Inc., Liberal, Missouri, notification of intent to engage in de novo activities (to engage de novo as agent or broker for the sale of property and casualty insurance and in the sale of credit life and accident and health insurance which are directly related to extensions of credit by its recently acquired bank subsidiary, Bank of Raymondville, Baymondville, Missouri) (12/10/79) 3/

FIRST FINANCIAL BANOORPORATION, INC., Waco, Texas, for approval to engage in leasing personal property activities through 100 per gent ownership of First Bryan Corporation, Bryan, Texas.

Crocker National Corporation, San Francisco, California, notification of intent to engage in de novo activities (to engage in mortgage lending, loan servicing, in-vestment advisory, and real property leasing activities) at offices in Salt Lake City, Utah; Phoenix, Arizona; San Bemadino, California; and Fresno, California, through its subsidiary, Crocker Mortgage Company, Inc. (12/11/79) 3/

37 4(c) (8) or 4(C) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H.2, 1979 No. 50 - 1 7 -

APPLICATIQNS RECEIVED-ontinued

San Wells Fargo & Company, San Francisco, California, no-Francisco tification of intent to engage in de novo activities

(to engage in leasing personal property, or acting as agent, broker or adviser in leasing such property directly and through leveraged lease equity syndica-tions, to the extent permitted by Regulation Y) at 425 California Street, San Francisco, California, through its indirect subsidiary, Wells Fargo Petro-

lease, Inc. (12/10/79) 3/

* * * * *

REPORTS RECEIVED .

None.

* * * * *

PETITIONS FOR RULEMAKING

None.

37 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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