h2_19810321.pdf

ANNOUNCEMENTS BY

APPLICABLE RESERVE BANK

Chicago

D a l l a s

A t l a n t a

San F ranc i sc o

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1981 No. 12)

Act ions of t h e Board; App l i ca t i ons and Repor ts

Received During t h e Week Ending March 21, 1981

ACTIONS OF THE BOARD

Study of t h e p o t e n t i a l e f f e c t s of the a c q u i s i t i o n of t h r i f t i n s t i t u t i o n s by banks and bank holding companies; comments must be r ece ived by Apr i l 30, 1981.

Annual Report to the Congress on S e c t i o n 1 8 ( f ) of the Federa l Trade Commission Act for t h e year 1980.

Consumer Advisory Council meet ings , Apr i l 15-16, 1981.

Regu la t ion K amendment, to remove i n e l i g i b l e bankers ' accep tances from t h e l i m i t a t i o n on the t o t a l amount of bankers ' accep tances t h a t fo re ign branches of member banks may i s s u e .

A l t e r n a t e y e a r examinat ion program approved; i n f o r m a t i o n sent to t h e P r e s i d e n t s of a l l Federa l Reserve Banks and t h e O f f i c e r s in charge of Branches .

Antioch Bancsha res , I n c . , Ant ioch , I l l i n o i s , ex tens ion of time to June 22, 1981, w i th in which to become a bank h o l d -ing company through the a c q u i s i t i o n of 100 percent of t h e vo t ing s h a r e s of the successor by merger to The F i r s t N a t i o n a l Bank of Ant ioch , Ant ioch , I l l i n o i s . _1/

Bantex Bancshares , I n c . , Houston, Texas, e x t e n s i o n of time to June 18, 1981, w i t h i n t*iich to consummate the a c q u i s i -t i o n of G r e a t e r Houston Bank, Houston, Texas . \J

F i r s t C i t i z e n s Bankshares , I n c . , G l e n n v i l l e , Georg ia , e x t e n -s ion of time to May 28, 1981, w i th in which to become a bank holding company by acqu i r i ng F i r s t C i t i z e n s Bank, G l e n n v i l l e , Georg ia . 1/

F i r s t S e c u r i t y C o r p o r a t i o n , S a l t Lake C i t y , Utah , e x t e n s i o n of time to J u l y 29, 1981, w i th in which to consummate the a c q u i s i t i o n of F i r s t S e c u r i t y Bank of S t . George, N. A. , S t . George, Utah, a proposed new bank. 1/

1/ A p p l i c a t i o n processed on beha l f of the Board of Governors under de lega ted a u t h o r i t y .

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

H.2, 1981 No. 12 - 2 -

ACTIONS OF THE BQARD-Continued

Kansas Ci ty F i r s tBank Holding Company, Lakewood, Colorado, e x t e n s i o n of time to J u l y 12, 1981, w i t h i n vhich to open Fi rs tBank I t a l i a , N.A. , Lakewood, Colorado, a proposed new bank. 1/

Chicago F & M Bancorporat ion , I n c . , Kaukauna, Wisconsin , ex t ens ion of time to June 13, 1981, wi th in which to become a bank holding company through the a c q u i s i t i o n of 80 percent o r more of the vo t ing sha re s of Farmers and Merchants Bank, Kaukauna, Wisconson and 93.6 percent of t h e v o t i n g s h a r e s of F & M Bank of Apple ton , Appleton, Wisconsin, a proposed new bank. 1/

Chicago KEYSTONE, INC., Rock Rapids , Iowa, e x t e n s i o n of time to June 18, 1981, w i t h i n vhich to become a bank hold ing company through a c q u i s i t i o n of 100 pe rcen t of the vo t ing s h a r e s of Ashton Investment Company and Midwest A g r i c u l t u r a l C r e d i t Corp. , both of Rock Rapids , 80 percent or more of t h e v o t i n g s h a r e s of Sioux County S t a t e Bank, Orange C i t y , the i n d i r e c t a c q u i s i t i o n of 80 percent or more of the v o t i n g sha re s of Ash ton S t a t e Bank, Ash ton and Peoples Bank and T r u s t , Rock Val ley , Iowa. _1/

A t l an t a M e t r o p o l i t a n Bancorporat i o n , Tampa, F l o r i d a , ex tens ion of time to May 27, 1981, wi th in which to acqu i r e F i r s t Bank and Trus t Company, Bel l e a i r B l u f f s , F l o r i d a . _1/

Kansas Ci ty ONB Bancorp, I n c . , Chickasha, Oklahoma, e x t e n s i o n of time to June 12, 1981, w i t h i n t h i ch to consummate the a c q u i s i t i o n of Oklahoma Nat ional Bank and Trus t Company, Chickasha, Oklahoma. 1/

Chicago Bank of Lake view, Lake view, Michigan, an investment in bank premises . _1/

A t l a n t a Cent ra l Bank of Montgomery, Montgomery, Alabama, an i n v e s t -ment in bank premises . _1/

Chicago Pinney S t a t e Bank, Cass C i t y , Michigan, e x t e n s i o n of time to May 14, 1981, w i t h i n vh ich to e s t a b l i s h a branch a t 6669 Main S t r e e t , Cass C i t y , Michigan. V

San Val ley Bank of Nevada, Las Vegas, Nevada, ex tens ion of t ime Franc i sco to Ocotber 11, 1981, w i th in which to e s t a b l i s h a branch

o f f i c e in Carson C i t y , Nevada. \J

Kansas Ci ty McDonald S t a t e Bank, North P l a t t e , Nebraska, pe rmiss ion to dec la re a d i v i d e n d . 1/

1/ A p p l i c a t i o n processed on behal f of the Board of Governors under de legated a u t h o r i t y .


H.2, 1981 No. 12 3

ACTIONS OF THE BOARD-Continued

Da l l a s Alvarado S t a t e Bank, Alvarado, Texas, proposed merger wi th Bank of Alvarado, Alvarado, Texas; r epo r t to t h e Federa l Deposi t Insurance Corpora t ion on compet i t ive f a c t o r s . JL/

Dal las Bosque Boulevard Nat iona l Bank, Waco, Texas, proposed merger with Lake Air Na t ina l Bank of Waco, Waco, Texas; r epo r t to t h e Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . \J

Dal las Commercial National Bank of B e e v i l l e , B e e v i l l e , Texas, pro-posed merger with The Commercial Bank of B e e v i l l e , B e e v i l l e , Texas; r e p o r t to the Comptrol ler of the Currency on compe t i t i ve f a c t o r s . J L /

Chicago Elmhurst Na t iona l Bank, Elmhurs t , I l l i n o i s , f o r p r i o r approval to merge with ENB Nat iona l Bank, Elmhurs t , I l l i n o i s , under the c h a r t e r and t i t l e of Elmhurst Nat ional Bank, Elmhurs t , I l l i n o i s ; r e p o r t to the Comptrol ler of the Currency on compe t i t i ve f a c t o r s . J7

A t l a n t a F i r s t Alabama Bank of Mobile County, Bayou La B a t r e , Alabama, proposed merger w i th Merchants Nat ional Bank of Mobile , Mobile, Alabama; r epo r t to t h e Federa l Deposit Insurance Corpora t ion on compet i t ive f a c t o r s . J J

A t l an ta F i r s t Bank & T r u s t , Carnesv i l l e , Georgia , proposed merger with F i r s t I n t e r i m , I n c . , C a r n e s v i l l e , Georgia ; r epo r t to the Federa l Deposit Insurance Corpora t ion on compe t i t i ve f a c t o r s . 1/

A t l a n t a F i r s t Nat iona l Bank of Cobb County, M a r i e t t a , Georgia , proposed merger with In t e r im Cobb Bank, N. A. , M a r i e t t a , Georgia; r e p o r t to the Comptro l le r of the Currency on compet i t ive f a c t o r s . V

New York F i r s t Na t iona l Bank of New J e r s e y , Totowa, New J e r s e y , proposal to purchase c e r t a i n a s s e t s and assume c e r t a i n l i a b i l i t i e s of one branch of F i d e l i t y Union Trus t Company, Newark, New Je r sey and four branches of Garden S t a t e Nat ional Bank, Paramus, New J e r s e y ; r e p o r t to t he Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . If

Dal las Greater Houston Bank, Houston, Texas, proposed merger with New Grea te r Houston Bank, Houston, Texas; r e p o r t to the Federal Deposit Insurance Corpora t ion on compe t i t ive f a c t o r s . _1/

Richmond Madison Nat ional Bank, Washington, D.C. , proposed merger wi th MNB Na t iona l Bank, Washington, D.C.; r e p o r t to t he Comptrol ler of the Currency on compet i t ive f a c t o r s . J /

1/ A p p l i c a t i o n processed on behalf of the Board of Governors under delegated author ; t y .

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H.2, 1981 No. 12 4 -


A t l a n t a Murf reesboro Bank and Trus t Company, Murf reesboro , Tennessee , proposal to merge with MBT Bank, Mur f reesboro , Tennessee; r e p o r t to the Federa l Deposi t Insurance Corpora t ion on c o m p e t i t i v e f a c t o r s . 1/

P h i l a d e l p h i a New J e r s e y Na t iona l Bank, T ren ton , New J e r s e y , proposal to purchase two Bordentown, New J e r s e y o f f i c e s of F i r s t Na t iona l S t a t e Bank of South J e r s e y ; r e p o r t to the Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . _1/

Da l l a s Orange Bank, Orange, Texas , proposed merger w i th F i r s t Orange Bank, Orange, Texas; r e p o r t to t h e Fede ra l Deposit In su rance Corpo ra t i on on compet i t ive f a c t o r s . J._/

Richmond Riggs Na t iona l Bank of Washington, D.C., Washington, D.C. , proposed merger w i t h Riggs Bank, N.A. , Washington, D.C. ; r e p o r t to t h e Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . V

Chicago U n i v e r s i t y S t a t e Bank of Champaign, Champaign, I l l i n o i s , p ro -posed merger with The Commercial Bank of Champaign, Champaign, I l l i n o i s , under the c h a r t e r of U n i v e r s i t y S t a t e Bank of Champaign, Champaign, I l l i n o i s , r e p o r t to t h e Federa l Deposi t Insurance Corpora t ion on compet i t ive f a c t o r s . J J

P h i l a d e l p h i a Wilmington Savings Fund Soc i e ty , Wilmington, Delaware, pro-posal to purchase the a s s e t s and assume the l i a b i l i t i e s of Peoples Savings & Loan A s s o c i a t i o n , Dover, Delaware; r e p o r t to the Federa l Deposi t Insurance Corpora t ion on compet i t ive f a c t o r s . 1/

Da l l a s Woodway Na t iona l Bank, Houston, Texas, proposed merger w i th San F e l i p e Bank, N.A. , Houston, Texas; r e p o r t to t h e Comp-t r o l l e r of the Currency on compet i t ive f a c t o r s . 1/

1/ A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .


H. 2, 1981 No. 12

Richmond

Richmond

Minneapol is

San F ranc i s co

- 5 -


To Become a Member of the Federa l Reserve System Pursuant t o Sec t ion 9 of the Federa l Reserve Act

Approved Bank of Powhatan, Powhatan, V i r g i n i a . JV

Bank of Goochland, Goochland, V i r g i n i a . J J

F i r s t C i t i z e n s Bank of Bozeman, Bozeman, Montana. \J

Newberg S t a t e Bank, Newberg, Oregon. 1/

* * * * *

To E s t a b l i s h a Domestic Branch Pursuant to Sec t ion 9 of the F e d e r a l Reserve Act

Approved New York United J e r s e y Bank, Hackensack, New J e r s e y . To

e s t a b l i s h a branch a t 7000 J . P . Kennedy Boulevard E a s t , Gu t t enbe rg , New J e r s e y . 1/

P h i l a d e l p h i a Girard Bank, Bala Cynwyd, Pennsy lvan ia . To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y to be l o c a t e d a t The Golden Block Mal l , 2921 North F i f t h S t r e e t , P h i l a d e l p h i a , Pennsy lvan ia . 1/

Richmond United V i r g i n i a Bank, Richmond, V i r g i n i a . To e s t a b l i s h a branch a t 172 7 P e t e r s Creek Road, Roanoke County, V i r g i n i a . \J

A t l a n t a Savannah Bank & Trus t Company, Savannah, Georg ia . To e s t a b l i s h an automated t e l l e r machine at t he co rne r of 2nd Avenue and U.S. Highway 80, Tybee I s l a n d , Chatham County, Savannah Beach, Georgia . 1/

Withdrawn Richmond Bank of S h a w s v i l l e , Shawsv i l l e , V i r g i n i a . Branch t o

be e s t a b l i s h e d a t 2711 West Main S t r e e t , Salem, V i r g i n i a .

1/ A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted a u t h o r i t y .


H.2, 1981 No. 12 - 6


Dal las

I ssued I n t e n t Not to Disapprove Change of Cont ro l Pursuant to Change in Bank Control Act of 1978

Not Disapproved Roxton Bancshares , I n c . , Roxton, Texas. 1/

* * * * *

A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t -ments and Other Act ions Pursuant to S e c t i o n s 25 and 25(a) of the Federa l Reserve Act and Sec t ions 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act of 1956, as amended

Approved New York Chase Manhattan Overseas Banking C o r p o r a t i o n , Newark, Dela-

ware: g r a n t s permiss ion to acqu i r e and ho ld a d d i t i o n a l s h a r e s of Chase Manhattan Canada L imi t ed , Toronto , O n t a r i o , Canada.

New York I rv ing Trus t Company, New York, New York: g r a n t s consent to acqu i re a l l the sha re s of a de novo Canadian commercial bank, I r v i n g Bank Canada L t d . , Toron to , O n t a r i o , Canada.

Cleveland Mellon I n t e r n a t i o n a l Finance Corpo ra t i on , P i t t s b u r g , Penn-s y l v a n i a : g r a n t s consent to cont inue to hold t h e shares of Mellon I n t e r n a t i o n a l Investment Corpo ra t i on , Grand Cayman, Cayman I s l a n d s .

Chicago Na t iona l Bank of D e t r o i t , D e t r o i t , Michigan: g r a n t s con-sent to purchase and ho ld 100 percen t of the shares of Na t iona l Bank of D e t r o i t Canada, Toronto , O n t a r i o , Canada.

Da l las

San F ranc i sco

Commerce Southwest , I n c . , D a l l a s , Texas: g r a n t s consent t o purchase and hold a l l of the s h a r e s of CSWI I n t e r -n a t i o n a l F inance , N.V. , Curacao, Ne the r l ands A n t i l l e s .

BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a : g r a n t s consent to purchase and h o l d , d i r e c t l y o r in -d i r e c t l y , 100 percent of the s h a r e s of Banco I n t e r -nac iona l S.A. , Buenos A i r e s , Argen t ina .

\J A p p l i c a t i o n processed on behalf of the Board of Governors under de legated au thor ! t y .

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

H.2, 1981 No. 12

New York

Chicago

San F ranc i sco

- 7 -


S ix ty Day N o t i f i c a t i o n Per iod Allowed t o Expi re C i t i b a n k Overseas Investment Corpora t ion , Wilmington,

Delaware: no o b j e c t i o n to acqu i r e 100 percent of the s h a r e s of a die novo fo re ign bank, The American Bank of Tr in idad and Tobago, Por t of Spa in , T r i n i d a d .

H a r r i s Bankcorp, I n c . , Chicago, I l l i n o i s : no o b j e c t i o n to make an a d d i t i o n a l investment in I n t e r n a t i o n a l P a c i f i c Corpo ra t i on (Holdings) P t y . , L imi t ed , Sydney, A u s t r a l i a .

Wells Fargo Bank, N.A. , San F r a n c i s c o , C a l i f o r n i a : no o b j e c t i o n to e s t a b l i s h an i n i t i a l branch i n Milan, I t a l y .

* * * * *

To Form a Bank Holding Company Pursuant to Sec t ion 3( a) ( 1^ of t h e Bank Holding Company Act of 1956

Approved A t l a n t a CBC Bancorp, I n c . , C o o k e v i l l e , Tennessee , for approval t o

a cqu i r e 80 percent of the vo t i ng s h a r e s of C i t i z e n s Bank, C o o k e v i l l e , Tennessee . J J

A t l a n t a Clayton Bancshares , I n c . , Clay ton , Alabama, f o r approval to a cqu i r e 80 percent of t h e v o t i n g sha re s of The Clayton Banking Company, Clay ton , Alabama. V

A t l a n t a Community Bankshares , I n c . , C o r n e l i a , Georgia , for ap-proval to acqu i r e 100 percent of the v o t i n g sha re s of C o r n e l i a Bank, C o r n e l i a , Georgia . 1/

A t l a n t a F i r s t S t a t e C o r p o r a t i o n , Albany, Georgia , f o r approval to acqu i re 100 percent of t h e v o t i n g s h a r e s of F i r s t S t a t e Bank & Trus t Company, Albany, Georgia and S t a t e Bank of Leesburg , Leesburg, Georgia . J J

Chicago CNB Corp. , Shenandoah, Iowa, f o r approval to acqu i r e 80 percent of t h e v o t i n g s h a r e s of The C i ty Na t iona l Bank of Shenandoah, Shenandoah, Iowa. IJ

Chicago D r i t t e r F i n a n c i a l Co rpo ra t i on , Chicago, I l l i n o i s , for ap-proval to a c q u i r e 80 percent of the v o t i n g sha res of Bank of Chicago, Chicago, I l l i n o i s . 1/

1/ A p p l i c a t i o n processed on beha l f of the Board of Governors under de legated a u t h o r i t y .


H.2, 1981 No. 12 - 8 -

ACTIONS OF THE BOARD-Cont inued

S t . Louis S t . Johns B a n c s h a r e s , I n c . , S t . John , M i s s o u r i , f o r ap-p rova l to a c q u i r e 80 percent o r more of t h e v o t i n g s h a r e s of S t . Johns Bank and T r u s t Company, S t . John , M i s s o u r i . JL/

Kansas C i t y F i r s t Uni ted Bancsha res , I n c . , Nor th P l a t t e , Nebraska , for app rova l to a c q u i r e a t l e a s t 80 pe rcen t of t h e v o t i n g s h a r e s of McDonald S t a t e Bank, Nor th P l a t t e , Nebraska . _1/

Kansas C i t y FNB F i n a n c i a l S e r v i c e s , I n c . , Cambridge, Nebraska , f o r app rova l to a c q u i r e 93 .3 percent of t h e v o t i n g s h a r e s of The F i r s t Na t iona l Bank of Cambridge, Cambridge, Nebraska . 1/

* * * * *

To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956

Returned A t l a n t a Combanks C o r p o r a t i o n , Winter Park , F l o r i d a , for approva l

to a c q u i r e up to 49 p e r c e n t of the v o t i n g s h a r e s of F i r s t Mar ine Banks, I n c . , R i v i e r a Beach, F l o r i d a and t h e r e b y i n d i r e c t l y a c q u i r e F i r s t Mar ine Bank and T r u s t Company of t h e Palm Beaches , R i v i e r a Beach, F l o r i d a .

A t l a n t a Grea t American Banks, I n c . , Nor th Miami, F l o r i d a , f o r ap-p rova l to a c q u i r e up t o 49 percent of t h e v o t i n g s h a r e s of F i r s t Mar ine Banks, I n c . , R i v i e r a Beach, F l o r i d a and t h e r e b y i n d i r e c t l y a c q u i r e F i r s t Marine Bank and T r u s t Company of the Palm Beaches, R i v i e r a Beach, F l o r i d a .

Approved New York United Bank C o r p o r a t i o n of New York, Albany, New York, f o r

approva l to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e s u c c e s s o r by merger to The S u l l i v a n County N a t i o n a l Bank of L i b e r t y , L i b e r t y , New York.

Cleveland S o c i e t y C o r p o r a t i o n , C l e v e l a n d , Ohio , f o r approval to a c q u i r e up to 100 percen t of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank a t C a r r o l l t o n , C a r r o l l t o n , Ohio . 1/

1J A p p l i c a t i o n p roces sed on beha l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2, 1981 No. 12 - 9 -


Chicago Va l l ey B a n c o r p o r a t i o n , App le ton , Wiscons in , f o r approval to a c q u i r e a t l e a s t 80 percen t of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of Ripon, Ripon, Wiscons in . If

Kansas C i t y A f f i l i a t e d Bankshares of Co lo rado , I n c . , Bou lde r , Colorado and i t s whol ly owned s u b s i d i a r y , I n t e r m o u n t a i n Bankshares of C o l o r a d o , I n c . , Bou lde r , Co lo rado , for approva l to d i r e c t l y a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of Montrose S t a t e Bank, Mont rose , C o l o r a d o . If

Kansas C i t y A f f i l i a t e d Bankshares of Co lo rado , I n c . , Bou lde r , Colorado and i t s who l ly owned s u b s i d i a r y , I n t e r m o u n t a i n Bankshares of C o l o r a d o , I n c . , Boulder , Co lo rado , f o r approva l to d i r e c t l y a c q u i r e 84 percen t of t h e v o t i n g s h a r e s of C h a f f e e County Bank, S a l i d a , Co lo rado . JL/

* * * * *

To Expand a Bank Holding Company Pu r suan t to S e c t i o n 3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956

Approved Kansas C i t y A f f i l i a t e d Bankshares of Co lo rado , I n c . , Bou lde r , Co lo rado

and i t s whol ly owned s u b s i d i a r y , I n t e r m o u n t a i n Bankshares of C o l o r a d o , I n c . , Bou lde r , Co lo rado , f o r IBC to merge w i t h C e n t e r I n s u r a n c e Agency, I n c . , C e n t e r , Colorado and t h e r e b y a c q u i r e a t l e a s t 90 pe rcen t of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank of C e n t e r , C e n t e r , Co lo rado . II

Kansas C i ty A f f i l i a t e d Bankshares of C o l o r a d o , I n c . , Bou lde r , Colorado and i t s who l ly owned s u b s i d i a r y , I n t e m o u n t a i n Bankshares of C o l o r a d o , I n c . , Bou lde r , Co lo rado , f o r IBC t o merge with D e l t a Bancorpora t i o n , I n c . , D e l t a , Colorado and t h e r e -by a c q u i r e 98 .6 p e r c e n t of the v o t i n g s h a r e s of The Colordo Bank and T r u s t Company, D e l t a , C o l o r a d o , D e l t a , Co lo rado . Xf

Kansas C i t y A f f i l i a t e d Bankshares of C o l o r a d o , I n c . , Bou lde r , Colorado and i t s w h o l l y owned s u b s i d i a r y , I n t e r m o u n t a i n Bankshares of C o l o r a d o , I n c . , Boulder , Co lo rado , f o r IBC t o merge wi th M o f f a t C o r p o r a t i o n , C r a i g , Colorado and t h e r e b y a c q u i r e 89 p e r c e n t of the v o t i n g s h a r e s The M o f f a t County S t a t e Bank, C r a i g , Co lo rado . 1/

1/ A p p l i c a t i o n p roces sed on b e h a l f of the Board of Governors under de l ega t ed a u t h o r i t y .


H. 2, 1981 No. 12 - 1 0 -


Kansas C i t y A f f i l i a t e d Bankshares of C o l o r a d o , I n c . , Boulder , Colorado and i t s whol ly owned s u b s i d i a r y , I n t e r m o u n t a i n Bankshares of C o l o r a d o , I n c . , Boulder , Colorado , f o r IBC t o merge wi th Monument Agency, I n c . , F r u i t a , Colorado and t h e r e b y a c q u i r e 9 1 . 1 p e r c e n t of the v o t i n g s h a r e s of F r u i t a S t a t e Bank, F r u i t a , Co lo rado , F r u i t a , Co lo rado . 1/

* * * * *

To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Hold ing Company Act of 195JS

Withdrawn S t . Louis Union P l a n t e r s C o r p o r a t i o n , Memphis, T e n n e s s e e , n o t i f i c a -

t i o n of i n t e n t to engage in de novo a c t i v i t i e s (household goods p r o p e r t y damage i n s u r a n c e ) a t 67 Madison Avenue, Memphis, T e n n e s s e e , th rough an e x i s t i n g ( i n a c t i v e ) whol ly owned s u b s i d i a r y , Madison Loan & T h r i f t Company ( 3 / 1 7 / 8 1 ) 3/

Re turned Chicago N a t i o n a l D e t r o i t C o r p o r a t i o n , D e t r o i t , Michigan , for ap -

p rova l to a c q u i r e Landmark Savings and Loan A s s o c i a t i o n , Saginaw, Michigan .

Approved A t l a n t a C lay ton B a n c s h a r e s , I n c . , C l a y t o n , Alabama, for app rova l t o

a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of The C lay ton Insur ance Agency, I n c . , C l a y t o n , Alabama and engage in g e n e r a l i n s u r a n c e , consumer f i n a n c e and mortgage lending a c t i v i t i e s . 1/

Delayed New York M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York,

r e q u e s t s p e r m i s s i o n to expand the a c t i v i t i e s to i n c l u d e t h e f o l l o w i n g a c t i v i t i e s ( p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ; and t o s e l l c r e d i t l i f e i n s u r a n c e , a c c i d e n t and h e a l t h i n s u r a n c e , and p r o p e r t y damage and l i a b i l i t y i n s u r a n c e d i r e c t l y r e l a t e d to such f i n a n c e a c t i v i t y ) a t 1422 Ches tnu t S r e e t , P h i l a d e l p h i a ; 9251 Rooseve l t B o u l e v a r d , P h i l a d e l p h i a ; 1421 W. Passyunk Avenue,

1I A p p l i c a t i o n p rocessed on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p roces sed by Reserve Bank on beha l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2, 1981 No. 12 - 1 1 -


P h i l a d e l p h i a ; 6758 Market S t r e e t , P h i l a d e l p h i a , a l l located in P e n n s y l v a n i a , through i t s s u b s i d i a r y , R i t t e r Consumer Discount Company, I n c . of Pennsylvania (3 /20 /81) 3/

S t . Louis Tradewater Bancshares I n c . , Providence, Kentucky, n o t i f i c a -t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( ac t i ng as agent or b r o k e r with r e s p e c t to the s a l e of any type of i n su rance in communities having a popu la t ion not exceeding 5,000 i n c l u d i n g , but not l i m i t e d t o , the sa le of f i r e , c a s u a l t y , v e h i c l e , a c c i d e n t , h e a l t h , d i s a b i l i t y , r e n t , b u r g l a r y , and l i f e insurance regard l e s s of whether r e l a t e d to ex tens ions of c r e d i t or not and inc lud ing the sa le of b l anke t bond insurance to Providence S t a t e Bank, i t s bank-ing s u b s i d i a r y ) on Main S t r e e t , P rov idence , Kentucky, through a s u b s i d i a r y , Union Na t iona l Insurance Agency, I n c . ( 3 /17 /81 ) 2 /

Reac t iva ted S t . Louis Union P l a n t e r s Corpora t ion , Memphis, Tennessee , n o t i f i c a -

t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( to engage s o l e l y in the a c t i v i t y of providing management c o n s u l t i n g advice to n o n - a f f i l i a t e d banks on a non-cont inuing and e x p l i c i t fee b a s i s ) a t 67 Madison Avenue, Memphis, Tennessee , through a s u b s i d i a r y , Union P l a n t e r s Risk Management Company (3 /16 /81) 3]

Permi t ted New York C i t i c o r p , New York, New York, r e q u e s t s permission to expand

the s e r v i c e a rea of an e x i s t i n g o f f i c e engaging in the fo l lowing a c t i v i t i e s ( t h e making, a c q u i r i n g and s e r v i c i n g of e x t e n s i o n s of c r e d i t secured by l i e n s on r e s i d e n t i a l r e a l e s t a t e , and the o r i g i n a t i n g of o n e - t o - f o u r family r e s i d e n t i a l mortgage loans , the p r e v i o u s l y approved s e r v i c e a r ea i n c l u d e s Washington, D.C. and the e n t i r e S t a t e s of Ar i zona , Arkansas, C a l i f o r n i a , Colorado, F l o r i d a , Georgia , I l l i n o i s , I n d i a n a , Lou i s i ana , Maryland, Mass-a c h u s e t t s , Michigan, Minnesota, Mis sour i , Nevada, New J e r s e y , New Mexico, Ohio, Oklahoma, Oregon, Pennsy lvan ia , South C a r o l i n a , Texas, Utah, V i r g i n i a , Washington, Wisconsin and t h e D i s t r i c t of Columbia; the s e r v i c e a r e a would be expanded to include the fo l lowing s t a t e s : Alabama, Alaska , Connec t i cu t , Delaware, Hawaii , Idaho, Iowa, Kansas, Kentucky, Maine, M i s s i s s i p p i , Montana, Nebraska , New Hampshire, New York, North C a r o l i n a ,

3? 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under de lega td a u t h o r i t y .


H.2, 1981 No. 12 - 1 2 -


North Dakota, Rhode I s l a n d , South Dakota, Tennessee , Vermont, West V i r g i n i a and Wyoming) a t 670 Mason Ridge Center Drive, S t . Lou i s , Missour i , through i t s s u b s i d i a r y , C i t i c o r p Homeowners, I n c . (3 /18 /81) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to e s t a b l i s h a de novo o f f i c e to engage in the fo l low-ing a c t i v i t i e s ( i n making or a c q u i r i n g , f o r i t s own account or for the account of o t h e r s , commercial loans and o the r ex tens ions of c r e d i t ) a t 60 S t a t e S t r e e t , Boston, M a s s a c h u s e t t s , through i t s s u b s i d i a r y , C i t i c o r p I n d u s t r i a l C r e d i t , I n c . (3 /19 /81) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permission to expand the s e r v i c e a rea of e x i s t i n g o f f i c e s engaging in the fo l lowing a c t i v i t i e s ( t h e making, a c q u i r i n g , and s e r v i c i n g of second l i e n s on r e s i d e n t i a l r ea l e s t a t e ; the p rev ious ly approved s e r v i c e are of each o f f i c e i s comprised of t h e m e t r o p o l i t a n a rea in which the o f f i c e i s l o c a t e d ; the expansion of the s e r v i c e a r e a w i l l inc lude the e n t i r e S t a t e s of C a l i f o r n i a and Ohio) a t 322 Rocks id e O f f i c e P laza B u i l d i n g , 1400 Snow Road, Parma, Ohio; 100 Tr i -County Parkway, S u i t e 314, S p r i n g d a l e , Ohio; Van Nuys Center B u i l d i n g , S u i t e 312, 5430 Van Nuys Boulevard, Van Nuys, C a l i f o r n i a ; and 6770-A Magnolia Avenue, R ive r -s i d e , C a l i f o r n i a , through i t s s u b s i d i a r y , C i t i c o r p Home-owners, I n c . (3 /20 /81) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permission t o expand the s e r v i c e a rea and a c t i v i t i e s of an e x i s t -

. ing o f f i c e to engage in the fo l lowing a c t i v i t i e s ( t h e making, a c q u i r i n g , s e r v i c i n g , f o r i t s own account and for the account of o t h e r s , ex t ens ions of c r e d i t secured by l i e n s on r e s i d e n t i a l r ea l e s t a t e , and to expand the p r ev ious ly approved s e r v i c e area of the o f f i c e to i n -clude the e n t i r e S t a t e of I l l i n o i s f o r a l l a c t i v i t i e s ; p r ev ious ly approved a c t i v i t i e s of the o f f i c e are t h e making, a c q u i r i n g and s e r v i c i n g of ex tens ions of c r e d i t secured by second l i e n s on r e s i d e n t i a l r e a l e s t a t e ) a t Walden O f f i c e P l aza , S u i t e 105, 1827 Walden O f f i c e Square, Schaumberg, I l l i n o i s , through i t s s u b s i d i a r y , C i t i c o r p Homeowners, I n c . (3 /20 /81) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permission to expand the s e r v i c e area and a c t i v i t i e s of an e x i s t i n g o f f i c e to engage in the fo l lowing a c t i v i t i e s ( t h e making, a c q u i r -ing , and s e r v i c i n g f o r i t s own account and f o r the ac-count o t h e r s , ex t ens ions of c r e d i t secured by l i e n s on

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under de l ega ted a u t h o r i t y .


2, 1981 No. 12 - 1 3 -


r e s i d e n t i a l r e a l e s t a t e ; the p r e v i o u s l y approved a c t i v i t i e s i n c l u d e t h e making, a c q u i r i n g and s e r v i c i n g of e x t e n s i o n s of c r e d i t secured by second l i e n s on r e s i d e n t i a l r e a l e s t a t e ; t h e p r e v i o u s l y approved s e r v i c e a r e a of t he o f f i c e , comprised of the M e t r o p o l i t a n Orange a r e a , w i l l a l s o be expanded to i n c l u d e t h e e n t i r e S t a t e of C a l i f o r n i a fo r a l l t he a c t i v i t i e s of the o f f i c e ) a t 600 Ci ty Parkway West , S u i t e 710, Orange, C a l i f o r n i a , through i t s s u b s i d -i a r y , C i t i c o r p Homeowners, I n c . ( 3 / 2 0 / 8 1 ) 3/

New York M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s p e r m i s s i o n to expand t h e s e r v i c e a r e a of e x i s t -ing o f f i c e s e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s (commer-c i a l f i n a n c e and f a c t o r i n g a c t i v i t i e s ) a t Kirby B u i l d i n g , 1509 Main S t r e e t , D a l l a s , T e x a s , t h i s o f f i c e ' s s e r v i c e a r e a would be expanded to i nc lude Colorado ; and 425 Sha t to P l a c e , Los Ange le s , C a l i f o r n i a , t h i s o f f i c e ' s s e r v i c e a r e a would be expanded t o i n c l u d e Arkansas , Kansas , L o u i s i a n a , Nebraska , New Mexico, Oklahoma and Texas , through i t s s u b s i d i a r y , Manufac tu re r s Hanover Commercial C o r p o r a t i o n (Delaware) ( 3 / 2 0 / 8 1 ) Zj

New York Manufac tu re r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s pe rmis s ion to expand t h e s e r v i c e a r ea of e x i s t -ing o f f i c e s engaging i n the f o l l o w i n g a c t i v i t y (commercial f i n a n c e ) a t 5775-B Glen r idge Drive N . E . , A t l a n t a , Georg ia , t h i s o f f i c e ' s s e r v i c e a r e a would be expanded to i nc lude V i r g i n i a and West V i r g i n i a ; 1 Commerce P l a c e , S u i t e 1933, N a s h v i l l e , T e n n e s s e e , t h i s o f f i c e ' s s e r v i c e a r e a would be to i n c l u d e Arkansas , M i s s i s s i p p i and M i s s o u r i ; and 100 South Wacker D r i v e , Chicago, I l l i n o i s , t h i s o f f i c e ' s s e r v i c e a r e a would be expanded to i n c l u d e Kansas and Nebraska , t h rough i t s s u b s i d i a r y , Manufac tu re r s Hanover Commercial C o r p o r a t i o n (Delaware) ( 3 / 2 0 / 8 1 ) 3 /

A t l a n t a M e t r o p o l i t a n B a n c o r p o r a t i o n , Tampa, F l o r i d a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( i n t h e s a l e of l i f e i n s u r a n c e , d i s a b i l i t y i n s u r a n c e , p r o p e r t y and c a s u a l t y i n s u r a n c e d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t by i t s s u b s i d i a r y banks ) in H i l l s b o r o u g h , P a s c o , J a c k s o n , and P i n e a l l a s County, F l o r i d a ( 3 / 2 0 / 8 1 ) 3 /

S t . L o u i s Union P l a n t e r s C o r p o r a t i o n , Memphis, T e n n e s s e e , n o t i f i c a -t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage s o l e l y i n the a c t i v i t y of p rov id ing management c o n s u l t i n g advice to n o n - a f f i l i a t e d banks on a n o n - c o n t i n u i n g and

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p rocessed by Reserve Bank on beha l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2, 1981 No. 12 - 1 4 -


e x p l i c i t f ee b a s i s ) a t 67 Madison Avenue, Memphis, Tennessee , through a s u b s i d i a r y , Union P l a n t e r s Risk Management Company (3 /16 /81) 3/

Kansas Ci ty Fourth Na t iona l C o r p o r a t i o n , T u l s a , Oklahoma, n o t i f i c a -t i o n of i n t e n t to engage in de novo a c t i v i t i e s (mak-ing or a c q u i r i n g , for i t s own account o r for the a c -count of o t h e r s , loans and o t h e r ex tens ions of c r e d i t i n c l u d i n g i s s u i n g l e t t e r s of c r e d i t and accep t ing d r a f t s ) i n Tu l sa , Oklahoma; the geographic a rea to be served by t h i s o f f i c e w i l l be t h e Tu l sa Me t ropo l i t an a r e a ( 3 /20 /81 ) 3/

Kansas C i ty United Bancshares , I n c . , T u l s a , Oklahoma n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (engage in t h e s a l e of insurance d i r e c t l y r e l a t e d to ex tens ions of c r e d i t by United Bank, T u l s a , Oklahoma) through a de novo s u b s i d i a r y , United Bancshares Insurance Agency, I n c . , T u l s a , Oklahoma; the geographic area to be served i s Tulsa County, Oklahoma ( 3 / 1 6 / 8 1 ) 3/

Western Banco rpo r a t i on , Los Angeles , C a l i f o r n i a , n o t i f i c a -t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( to engage in the a c t i v i t y of u n d e r w r i t i n g , as r e i n s u r e r , c r e d i t l i f e insurance d i r e c t l y r e l a t e d to ex tens ions of c r e d i t in t h e S t a t e of Washington) a t FNB P laza , Phoenix , Ar izona , through a wholly-owned d i r e c t s u b s i d i a r y , Western Bancorp Cred i t L i f e Insurance Company (an Arizona Corpora-t i o n ) (3 /22 /81)

San Franci sc o

3J 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under de l ega t ed a u t h o r i t y .


H.2, 1981 No. 12 - 15 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domestic Branch Pursuant to Sec t ion 9 of the Federa l Reserve Act

New York Hempstead Bank, Hempstead, New York. To e s t a b l i s h a branch a t The Hunt ington Business Campus, M e l v i l l e , Town of Hunt ington , County of S u f f o l k , New York. 2/

Cleveland Peoples L i b e r t y Bank and Trus t Co. , Covington, Kentucky. To e s t a b l i s h a branch a t 3036 Decoursey P ike , Covington, Kentucky. 2/

Richmond Bank of Shawsvi1le , Shawsv i l l e , V i r g i n i a . To e s t a b l i s h a branch at the i n t e r s e c t i o n of West Main S t r e e t and Kess l ing Avenue, Salem, V i r g i n i a . 2/

Richmond F i r s t V i r g i n i a Bank - C o l o n i a l , Richmond, V i r g i n i a . To e s t a b -l i s h a branch a t 8044 West Broad S t r e e t , Founta in Square Shopping C e n t e r , Henrico County, V i r g i n i a . 2_/

A t l a n t a F i r s t Georgia Bank, A t l a n t a , Georg ia . To e s t a b l i s h a branch a t 5919 Memorial Dr ive , Stone Mountain, Georgia . 2/

A t l a n t a Cent ra l Bank of Montgomery, Montgomery, Alabama. To e s t a b l i s h an ATM machine a t 2905-A Montgomery Mall, Montgomery, Alabama. 2/

A t l a n t a F i r s t Navy Bank, Pensaco la , F l o r i d a . To e s t a b l i s h an ATM machine l oca t ed a t 5600 Highway 98, West Navy Exchange Mal l , Pensaco l a , F l o r i d a . 2/

Chicago Bank of Reynolds , Reynolds, I n d i a n a . To e s t a b l i s h a branch a t 400 East Washington S t r e e t , Mon t i ce l lo , I n d i a n a . 2 j

Chicago C i t i z e n s Bank and Trus t Company, C la re , Michigan. To e s t a b -l i s h a branch in the v i c i n i t y of 550 North 30th Avenue, Fork Township, Mecosta County, Michigan. 2/

Minneapol is The Commercial Bank of Menominee, Menominee, Michigan. To e s t a b l i s h a branch i n Menominee, Michigan. 2/

2J A p p l i c a t i o n sub jec t to Community Reinvestment Act . The Community Reinvetment A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be con tac ted as to the l eng th of the comment p e r i o d .

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

H. 2, 1981 No. 12 - 1 6 -

APPLICATIONSRECEIVED-Continued

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

A t l a n t a Acadiana Bancshares , I n c . , L a f a y e t t e , L o u i s i a n a , f o r ap-proval to acqu i re a t l e a s t 66 -2 /3 percent of t h e vo t ing shares of American Bank & Trus t Company, L a f a y e t t e , L o u i s i a n a . 2/

Chicago F i r s t Cary-Grove C o r p . , Gary, I l l i n o i s , f o r approval to acqu i re 100 percent of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the successor by merger to F i r s t S e c u r i t y Bank of Cary-Grove, Gary, I l l i n o i s . 2/

Chicago F i r s t of Huron Corp . , Bad Axe, Michigan, f o r approval to acqui re 100 percent of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of the successor by merger to F i r s t Na t iona l Bank of Bad Axe, Bad Axe, Michigan. 2/

S t . Louis Lakeland Bancshares , I n c . , Sunr i se Beach, Missour i , f o r ap-proval to acqu i re 80 .3 percent of t h e v o t i n g s h a r e s of Lakeland S t a t e Bank, Camden County (P.O. Sunr ise Beach), M i s s o u r i . 2]

S t . Louis Le i tch f i e l d Deposi t Bancshares , I n c . , L e i t c h f i e l d , Kentucky, for approval to acqu i re a t l e a s t 80 percent of t h e vo t ing shares of L e i t c h f i e l d Deposi t Bank & Trus t Company, L e i t c h f i e l d , Kentucky. 2/

Minneapol is FSB Holding Company, I n c . , Tr imont , Minnesota, f o r approval to acqu i re a t l e a s t 83 percent of t h e v o t i n g sha re s of Farmers S t a t e Bank of Trimont , Tr imont , Minnesota. 2J

Kansas Ci ty Array Na t iona l Bancshares , I n c . , For t Leavenworth, Kansas, f o r approval to acqu i r e 80 percen t of the vo t ing sha re s of Army Na t iona l Bank of For t Leavenworth, For t Leaven-worth, Kansas. 2/

Kansas Ci ty Gibbon Exchange Company, Gibbon, Nebraska, f o r approval to a cqu i r e 98 .4 percent o r more of t h e v o t i n g sha res of Exchange Bank , Gibbon, Nebraska . 2/

Kansas Ci ty Leavcorp, I n c . , Leavenworth, Kansas, for approval to acqu i re a t l e a s t 80 percen t of the vo t i ng sha re s of Leavenworth Na t iona l Bank & Trus t Company, Leavenworth, Kansas. 2/

Dal las I rv ing American Bancshares Corp . , I r v i n g , Texas, f o r approval to acqu i re 80 percent of t h e v o t i n g sha re s of The American Bank, I r v i n g , Texas . 2/

2/ App l i ca t i on sub j ec t to Community Reinvestment Act . The Community Reinvestment A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be con tac ted as to the l eng th of the comment pe r iod .

I


. 2 , 1981 No. 12 17 -

APPLICATIONS RECEIVED-Cont inued

To Expand a Bank Holding Company Pursuan t to S e c t i o n 3 ( a ) ( 3 ) of t he Bank Holding Company Act of 1956

S t . Lou i s S h e l b y v i l l e B a n c s h a r e s , I n c . , S h e l b y v i l l e , M i s s o u r i , f o r app rova l to a c q u i r e a t l e a s t 80 percen t of t h e v o t i n g s h a r e s of Farmers and Merchants Bank of Green Ridge, Green Ridge, M i s s o u r i . 2/

Kansas C i ty Wyoming B a n c o r p o r a t i o n , Cheyenne, Wyoming, f o r approval to a c q u i r e 100 percen t of t h e v o t i n g s h a r e s of F i r s t Wyoming Bank, N . A . , T o r r i n g t o n , tfyoming, a proposed new bank. 2/

* * * * *

To Expand a Bank Holding Company Pursuan t to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956

New York B a r c l a y s Bank L imi t ed and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , b o t h of London, England , r e q u e s t s p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e engag ing in t h e fo l l owing a c t i v i t i e s (commercial f i n a n c e , i . e . , making secured loans to smal l and medium s i z e d b u s i n e s s e s ) from 1901 Avenue of the S t a r s , S u i t e 1774, Los Ange le s , C a l i f o r n i a t o 3550 W i l s h i r e Bou leva rd , S u i t e 1234, Los Ange le s , 18321 Ventura B o u l e v a r d , Th i rd F l o o r , T a r z a n a and 18662 MacArthur B o u l e v a r d , S u i t e 4 2 0 , I r v i n e , a l l i n C a l i -f o r n i a , t h rough t h e i r s u b s i d i a r y , Ba re l aysAmer i can /Bus ines s C r e d i t , I n c . ( 3 / 1 6 / 8 1 ) 3/

New York The Chase Manha t tan C o r p o r a t i o n , New York, New York, r e q u e s t s pe rmiss ion to r e l o c a t e an e x i s t i n g o f f i c e engag ing in t h e f o l l o w i n g a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own ac -count o r for t he account of o t h e r s , loans and o the r e x t e n -s ions of c r e d i t secured by r e a l e s t a t e i n c l u d i n g , but not l i m i t e d t o , f i r s t and second mortgage loans secured by mortgages on o n e - t o - f o u r f a m i l y r e s i d e n t i a l p r o p e r t i e s ; to s e r v i c e loans and o ther e x t e n s i o n s of c r e d i t for any p e r s o n ; to s e l l mortgage loans in the secondary marke t ; and to o f f e r mortgage term l i f e i n s u r a n c e , a cc iden t and h e a l t h i n s u r a n c e and d i s a b i l i t y i n s u r a n c e d i r e c t l y r e l a t e d

2/ A p p l i c a t i o n s u b j e c t to Community Reinves tment A c t . The Community Reinves tment A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d .

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2, 1981 No. 12 - 1 8 -

APPLICATIONS RECEIVED-Continued

to such lending and s e r v i c i n g a c t i v i t i e s ) from 101 Wvmore Road, Alt a m n t e Spr ings , F lo r ida to a new l o c a t i o n at a b u i l d i n g c u r r e n t l y under c o n s t r u c t i o n at Mi l l s and Livings ton S t r e e t s , Orlando, F l o r i d a , through i t s s u b s i d i a r y , Housing Investment Corpora t ion of F l o r i d a (3 /20 /81) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permission to expand the s e r v i c e area of an e x i s t i n g o f f i c e engaging in the fo l lowing a c t i v i t i e s ( the purchas ing and s e r v i c i n g for i t s own account of s a l e s f inance c o n t r a c t s ; the ex tens ion of loans to dea l e r s for the f inanc ing of inventory ( f loor p lann ing) and working c a p i t a l purposes ; the sa le of c red i t r e l a t e d l i f e and acc ident and hea l t h or decreas ing or l eve l ( i n the case of s ing le payment loans) term l i f e insurance by l i censed agents or b r o k e r s , as r e q u i r e d ; and the s e r v i c i n g , f o r any person; of loans and o the r exten-s ions of c r e d i t ; the p rev ious ly approved s e rv i ce area of the o f f i c e , comprised of the e n t i r e S t a t e of Oklahoma, would be expanded to inc lude the e n t i r e S t a t e of Arkansas; c r e d i t r e l a t e d l i f e , a cc iden t and h e a l t h insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of C i t i c o r p Pe r son - to -Pe r son F inanc i a l Cente r , I n c . ) a t 5801 East 4 I s t S t r e e t , T u l s a , Oklahoma, through i t s s u b s i d i a r y , C i t i c o r p Pe r son - to -Pe r son F inanc i a l Center , Inc . (Delaware) (3 /20 /81) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to expand the s e r v i c e area of an e x i s t i n g o f f i c e engaging in the fo l lowing a c t i v i t i e s ( the making or acqui r ing of loans and other ex tens ions of c r e d i t , secured o r unsecured, for consumer and o the r purposes ; the ex tens ion of loans to dea l e r s for the f i nanc ing of inventory ( f l o o r planning) and working c a p i t a l purposes ; the sa le of c r e d i t r e l a t e d l i f e and acc ident and h e a l t h or decreas ing or l e v e l ( in the case of s i n g l e payment l oans ) term l i f e insurance by l i c ensed agents or b r o k e r s , as r e q u i r e d ; the sa l e of c r e d i t r e l a t e d p roper ty and c a s u a l t y insurance p r o t e c t i n g rea l and personal proper ty s u b j e c t to a s e c u r i t y agreement with C i t i c o r p P e r s o n - t o - P e r s o n Mortgage Corpora t ion , t o the ex ten t p e r m i s s i b l e under a p p l i c a b l e S t a t e insurance laws and r e g u l a t i o n s ; the making of loans to i n d i v i d u a l s and bus ines ses t o f inance the purchase of mobile homes, modular u n i t s or r e l a t e d manufactured hous ing , t o g e t h e r wi th the r e a l p roper ty t o vfaich such housing i s o r wi l l be permanently

3/ 6 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under de lega ted a u t h o r i t y .


H.2, 1981 No. 12 - 19 -


a f f i x e d , such proper ty be i rig used as s e c u r i t y for the loans; and the s e r v i c i n g , for any person , of loans and other ex t en -s ions of c r e d i t ; the proposed expanded s e r v i c e area of the o f f i c e would be comprised of the e n t i r e S t a t e of Nevada for a l l of the aforementioned a c t i v i t i e s except t h a t t h i s a p p l i c a -t i o n would not expand the s e r v i c e area for the s a l e of c r e d i t r e l a t e d p r o p e r t y and ca sua l t y i n su rance ; c r e d i t r e l a t e d l i f e , acc ident and h e a l t h i n su rance may be underwr i t t en by Family Guardian L i f e Insurance Company, an a f f i l i a t e of C i t i c o r p Pe r son - to -Pe r son Mortgage Corpora t ion) a t Alexander Dawson Bu i ld ing , 4045 South Spencer , S u i t e A62, Las Vegas, Nevada, through i t s s u b s i d i a r y , C i t i c o r p Pe r son - to -Pe r son Mortgage Corpora t ion (Domestic) (3 /20 /81) 3/

New York European American Bancorp, New York, New York, for approval to a cqu i r e a l l of the a s s e t s of Dorman & Wilson, I n c . , White P l a i n s , New York, a company engaged in mortgage banking, loan s e r v i c i n g , f i n a n c i a l adv i s ing and rea l e s t a t e a p p r a i s a l a c t i v i t i e s .

New York F i d e l i t y Union Bancorpora t ion , Newark, New J e r s e y , r e q u e s t s permiss ion to expand the a c t i v i t i e s of e x i s t i n g o f f i c e s to engage in the fo l lowing a c t i v i t y (making second mort-gage loans ) a t 1505 Market S t r e e t , Box #23, Camp H i l l ; 3820 Walnut S t r e e t , Eas t Ha r r i sbu rg ; S t o r e #6, T. Nowell Wood P laza , Wyoming Avenue, Box #1024, Kingston; 790 New Holland Avenue, P.O. Box 901, L a n c a s t e r ; 317 W. Main S t r e e t , P.O. Box 463, Lansda le ; Lebanon Valley Mall , 22nd & Cumberland S t r e e t , P.O. Box 628, Lebanon; 5528 New F a l l s Road, P.O. Box 39 6, Levi t town; 605 Pennsylvania Avenue, Matamoras; 108 North Cent re S t r e e t , Zavalares B u i l d i n g , P o t t v i l l e ; 1010 Lancas te r Avenue, Reading; 222 Adams Avenue, Box #762, Creanton; Routes #11, #15, P.O. Box 178, Shamokin Dam; 616 Bal t imore P ike , P.O. Box 248, S p r i n g f i e l d ; 405 Main S t r e e t , Towanda; 2131 Mac Arthur Road, P.O. Box 266, Whi tehal l and 83 O u t l e t Mal l , 2138 South Queen S t r e e t , P.O. Box 2002, York, a l l located in Pennsy lvan ia , through i t s s u b s i d i a r y , Senty Consumer Discount Company (3 /18 /81 ) 3/

New York Manufacturers Hanover Corpora t ion , New York, New York, r e q u e s t s permiss ion to e s t a b l i s h a de novo o f f i c e engaging in t h e fo l lowing a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own ac-count or for the account of o t h e r s , loans and other ex t en -s ions of c r e d i t such as would be made by a commercial mort-

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Govenors under de lega ted a u t h o r i t y .


H.2, 1981 No. 12 - 2 0 -


gage company and s e r v i c i n g any such loans and o the r ex ten-s ions of c r e d i t for any person) a t 5660 Syracuse C i r c l e , Denver, Colorado, through i t s s u b s i d i a r y , Manufacturers Hanover Mortgage Corpora t ion (3 /20 /81) 3/

New York United Bank Corpora t ion of New York, Albany, New York, f o r approval t o underwr i te as r e i n s u r e r , through i t s s u b s i d i a r y , United Re insu rance -L i f e Company, c r e d i t l i f e and c r e d i t acc iden t and h e a l t h insurance d i r e c t l y r e l a t e d to ex t en -s ions of c r e d i t by A p p l i c a n t ' s c r e d i t g r a n t i n g s u b s i d i a r i e s in New York S t a t e .

Cleveland P i t t s b u r g h Nat iona l Corpora t ion , P i t t s b u r g h , Pennsy lvan ia , no-t i f i c a t i o n of i n t e n t to engage in the fo l lowing a c t i v i t i e s ( a c t i n g as agent for n o n - a f f i l i a t e d insurance companies in the sa l e or s o l i c i t a t i o n of o rde r s for acc ident and h e a l t h insurance and mortgage redemption l i f e insurance on d e b t o r s , in connec t i on with mortgages made or s e r v i c e d ) a t Su i t e C & D, 1741 West Lincoln Avenue, Anaheim; Bank of America B u i l d -ing , 300 S. Harbor Boulevard , S u i t e 415, Anaheim; 7002 Moody S t r e e t , LaPalma; 18918 Soledad Canyon Road, Canyon County; 906 East Avenue 0 -9 , Palmdale; 451 S. Escondido Boulevard, Escondido; S u i t e s 101-102, 5727 Camino Del Rio South, San Diego; S u i t e A-5, 1616 W. Shaw Avenue, Fresno ; 1521 and 1523 Tennessee S t r e e t , V a l l e j o ; S u i t e 208, 440 Grand Avenue, Oakland; S u i t e 204, 6117 Brockton Avenue, R i v e r s i d e ; 5777 Madison Avenue, S u i t e 630, Sacramento; S u i t e 101, The Sherman Bui ld ing , 3031 T i sch Way, San J o s e ; The Woodbridge B u i l d i n g , S u i t e 203, 222 N. Mountain Avenue, Upland; and 5700 Ra l s ton S t r e e t , S u i t e 305, Ventura , a l l l o c a t e d in C a l i f o r n i a , through i t s s u b s i d i a r y , THe K i s s e l l Company, S p r i n g f i e l d , Ohio (3 /18 /81) _3/

Richmond NCNB Corpo ra t i on , C h a r l o t t e , North C a r o l i n a , f o r approval to acqu i r e a l l of the a s s e t s and b u s i n e s s of A t l a n t i c Discount Company, I n c . , J a c k s o n v i l l e , F l o r i d a .

Richmond Union T r u s t Bancorp, Bal t imore , Maryland, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making i n s t a l l m e n t loans to i n d i v i d u a l s fo r p e r s o n a l , f ami ly or household purposes ; purchasing s a l e s f inance c o n t r a c t s executed in c o n n e c t i o n with the s a l e of p e r s o n a l , f ami ly or household goods or s e r v i c e s ; a c t i ng as agent in the sa l e of c r e d i t ,

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under de lega ted a u t h o r i t y .

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

H.2, 1981 No. 12 2 1

APPLICATIONS RECKIVED-Continued

l i f e and c r e d i t acc ident and h e a l t h insurance d i r e c t l y r e l a t e d to i t s ex t ens ions of c r e d i t ; a c t i n g as agent in t h e s a l e of insurance p r o t e c t i n g c o l l a t e r a l held aga in s t the ex t ens ions of c r e d i t ; and making second mortgage loans secured in whole or in par t by mortgage or o the r l i ens on r e a l e s t a t e ) a t 3391 Northeas t S i l v e r Spr ings Boulevard, Ocala , F l o r i d a , through i t s s u b s i d i a r y , Landmark F i n a n c i a l S e r v i c e s , Inc . (3 /20 /81) 3/

S t . Louis Le i tch f i e l d Deposi t Bancshares , I n c . , L e i t c h f i e l d , Kentucky, for approval to engage in genera l insurance agency a c t i v i t i e s through the a c q u i s i t i o n of 100 percent share ownership of B. S. Alexander Insurance Agency, I n c . , L e i t c h f i e l d , Kentucky.

Kansas Ci ty Cent ra l Se rv ice Corpo ra t i on , Enid, Oklahoma, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t h e making or a c q u i r -ing , f o r i t s own account or f o r the account of o t h e r s , loans and other ex t ens ions of c r e d i t , i n c l u d i n g the purchase and d i scoun t of n o t e s , the purchase of p a r t i c i p a t i o n s in loans and the ex tens ion of d i r e c t loans to customers) a t 324 West Broadway, Enid , Oklahoma, se rv ing the S t a t e of Oklahoma, the n o r t h e r n por t ion of Texas and the sou thern por t ion of Kansas (3 /17 /81 ) 3/

Kansas Ci ty Farmers E n t e r p r i s e s , I n c . , A l b e r t , Kansas, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making or a c q u i r -ing f o r i t s own account or f o r the account of o t h e r s , loans and other ex t ens ions of c r e d i t ) in Great Bend, Kansas, t he geographic a r ea to be served by t h i s o f f i c e inc ludes Bar ton County, Kansas (3 /16 /81) 3/

Kansas Ci ty F i d e l i t y of Oklahoma, I n c . , Oklahoma C i t y , Oklahoma, n o t i f i c a -t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making or acqu i r ing f o r i t s own account or f o r the account of o t h e r s , loans and other ex t ens ions of c r e d i t ) a t F i d e l i t y P laza , Robinson a t Robert S. Kerr Avenue, Oklahoma C i t y , Oklahoma, the geographic a r ea to be served are t h e S t a t e s of Oklahoma, Texas, Kansas, Missour i , Colorado and Arkansas (3 /20 /81) 3/

Kansas Ci ty Gibbon Exchange Company, Gibbon, Nebraska, for approval to a c q u i r e Gibbon Insurance Agency, Gibbon, Nebraska, and t h e r e b y engage in genera l insurance agency a c t i v i t i e s in a community of l e s s than 5,000 p o p u l a t i o n .

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under de l ega ted a u t h o r i t y .


H.2, 1981 No. 12

None.

None.

- 2 2 -


REPORTS RECEIVED

* * * * *

PETITIONS FOR RULEMAKING

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

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