h2_19810418.pdf

ANNOUNCEMENT BY

APPLICABLE RESERVE BANK

Chicago

Cleve land

Chicago

Chicago

Ch ic ago

Chicago

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2 , 1981 No. 16)

Ac t ions of t h e Board; A p p l i c a t i o n s and Reports

Reveived During t h e Week Ending Apri l 18, 1981

ACTIONS OF THE BOARD

N e g o t i a b l e order of withdrawal (NOW) a c c o u n t s , i s suance of a proposed i n t e r p r e t a t i o n of c l a r i f y vrtiat d e p o s i t o r s are e l i g i b l e to hold i n t e r e s t - b e a r i n g checking accounts at member banks, comment requested by June 15, 1981.

Aurora Bancshares Corporat ion , Aurora, I l l i n o i s , request for an e x t e n t s i o n of time to J u l y 13 , 1981, w i t h i n which to be-come a bank ho ld ing company through a c q u i s i t i o n of 100 per-cent of the v o t i n g shares of Aurora Nat ional Bank, Aurora, I l l i n o i s . V

Banc One Corporat ion , Columbus, Ohio, e x t e n s i o n of time to September 1, 1981, w i t h i n t&ich to acquire Lake Nat iona l Bank, P a i n e s v i l l e , Ohio. V

B u f f a l o Bancorporat ion , I n c . , B u f f a l o Grove, I l l i n o i s , e x t e n -s i o n of time to J u l y 12, 1981, w i t h i n which to become a bank ho ld ing company through a c q u i s i t i o n of 51 percent or more of the v o t i n g s h a r e s of B u f f a l o Grove Nat ional Bank, B u f f a l o Grove, I l l i n o i s . JV

F i r s t American Bank Corporat ion , Kalamazoo, Michigan, e x t e n -s i o n of t ime t o May 31, 1981, w i t h i n which to acquire 100 percent of the v o t i n g shares of the s u c c e s s o r by c o n s o l i -dat ion to The F i r s t Nat iona l Bank of Alger County, Munising, Michigan. JJ

F i r s t Nat iona l Bancorp, New C a s t l e , Ind iana , e x t e n s i o n of time t o May 16, 1981, w i t h i n which to become a bank hold ing com-pany through the a c q u i s i t i o n of 100 percent of the v o t i n g s h a r e s of the s u c c e s s o r by merger to F i r s t Nat iona l Bank i n New C a s t l e , New C a s t l e , I n d i a n a . If

F & M Bankshares , I n c . , Mar inet te , Wiscons in , e x t e n s i o n ot t ime to June 19, 1981, w i t h i n which to become a bank holding com-pany through a c q u i s i t i o n of 80 percent or more of t h e v o t i n g shares of Farmers & Merchants Bank & Trust , Mar ine t te , Wiscons in , and 100 percent of the i n i t i a l c a p i t a l s t o c k of C i t i z e n s Bank o f M a r i n e t t e , Mar ine t t e , Wisconsin ( i n organiza-t i o n ) . 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 authori t y .

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

H.2, 1981 No. 16 2 -

ACTIONS OF THE BOARD-Continued

Dal las F.N.B. S t i n n e t t Bancshares , I n c . , S t i n n e t t , Texas, r eques t for e x t e n s i o n of time t o May 22 , 1981, w i t h i n ich to consummate the a c q u i s i t i o n of F i r s t National Bank of S t i n n e t t , S t i n n e t t , Texas . 1/

Chicago

Dal l a s

S t . Louis

Chicago

Cleveland

Ch i c ago

San Franc i s co

Cleveland

Hardin County Bancorporat ion, Eldora , Iowa, e x t e n s i o n of time t o May 15, 1981, w i t h i n which to become a bank holding com-pany through the a c q u i s i t i o n of 80 percent or more of the v o t i n g s h a r e s of Hardin County Savings Bank of Eldora , Iowa, Eldora , Iowa. JV

Metro BancShares, I n c . , Alvardo, Texas , e x t e n s i o n of time to J u l y 14, 1981, w i t h i n which to consummate the a c q u i s i t i o n of Alvarado S t a t e Bank, Alvarado, Texas . \J

P l a n t e r s Holding Company, Ind iano la , M i s s i s s i p p i , e x t e n s i o n of time to June 7, 1981, w i t h i n which to become a bank holding company through a c q u i s i t i o n of P l a n t e r s Bank & Trust Company, R u l e v i l l e , M i s s i s s i p p i . 1/

Tri-County Bancorp, Roachdale , Indiana , e x t e n s i o n of time t o May 20, 1981, w i t h i n which to become a bank holding company through a c q u i s i t i o n o f 100 percent of t h e v o t i n g shares of the s u c c e s s o r by merger to Tri-County Bank & Trust Company, Roachdale , Indiana . 1/

United Ohio Bancs, I n c . , Dayton, Ohio, e x t e n s i o n of time to June 3 , 1981, w i t h i n which to acquire Third Nat iona l Bank and Trust Company, Dayton, Ohio. 1/

West Brook Bancshares , I n c . , W e s t c h e s t e r , I l l i n o i s , e x t e n s i o n of time to June 15, 1981, w i t h i n which to become a bank hold ing company through a c q u i s i t i o n of 80 percent or more of the v o t i n g shares of West Brook Bank, Wes tches ter , I l l i n o i s . 1/

Depos i tory I n s t i t u t i o n s Management I n t e r l o c k s A c t , e x t e n s i o n of time i n tdiich Mr. Wallas W. Booth may cont inue d i r e c t o r -s h i p s w i t h United C a l i f o r n i a Bank and Broad and Kaufman I n c . , Los A n g e l e s , C a l i f o r n i a . JLJ

Midwest Bank & Trust Company, Cleve land, Ohio, payment of d i v i d e n d s . 1/

Dal l a s American Nat ional Bank of Garland, Garland, Texas , proposed merger with American Bank, N . A . , Garland, Texas; report to the Comptrol ler of the Currency on compet i t i ve f a c t o r s . 1/

J L / 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 .

i


H.2, 1981 No. 16 - 3 -


San Community Bank and Trust , S a l t Lake C i t y , Utah, proposed Franc i sco merger with Pioneer Bank, S a l t Lake C i t y , Utah, under

the char ter of Community Bank and Trust and w i t h t i t l e of P ioneer Bank; report to t h e Federal Deposi t I n s u r -ance Corporat ion on compet i t i ve f a c t o r s . If

San Eldorado Bank, T u s t i n , C a l i f o r n i a , proposed merger with F r a n c i s c o EB S e r v i c e Corporat ion , T u s t i n , C a l i f o r n i a , under the

charter and t i t l e of Eldorado Bank; report to the Federal Depos i t Insurance Corporat ion on compet i t ive f a c t o r s . 1/

San Franc i sco

Bos ton

New York

F i r s t E n t e r p r i s e Bank, Oakland, C a l i f o r n i a , proposed merger with E n t e r p r i s e S u b s i d i a r y Corporat ion , Oakland, C a l i f o r n i a under the t i t l e and char ter of F i r s t E n t e r p r i s e Bank; report to t h e Federal Depos i t Insurance Corporation on c o m p e t i t i v e f a c t o r s . 1/

Marine N a t i o n a l Bank, Port land, Maine, proposed merger with F i r s t Nat iona l Bank o f B iddeford , Biddeford, Maine; report to t h e Comptroller of t h e Currency on c o m p e t i t i v e f a c t o r s . V

Midlant ic Nat iona l Bank/Merchants, Neptune, New J e r s e y , pro-posa l to acquire 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 an o f f i c e of Garden S t a t e Nat iona l Bank, Paramus, New J e r s e y , l o c a t e d i n Brick Township, New J e r s e y ; report to the Comptrol ler of the Currency on compet i t i ve f a c t o r s . 1/

San Franc i sco

Bos ton

Peoples Nat iona l Bank o f Washington, S e a t t l e , Washington, pro posed merger with New Peoples Nat iona l Bank of Washington, S e a t t l e , Washington, under the char ter of the l a t t e r , and t i t l e of Peoples N a t i o n a l Bank o f Washington; report to t h e Comptrol ler of the Currency on compet i t i ve f a c t o r s . 1/

United Bank and Trust Company, Har t ford , C o n n e c t i c u t , pro-posed merger w i t h Vernon Nat ional Bank, Vernon, Connect icut report to t h e Federal Deposi t Insurance Corporation on c o m p e t i t i v e f a c t o r s . 1/

\J A p p l i c a t i o n processed on behalf of the Board of Governors under de legated a u t h o r i t y .

1


H.2, 1981 No. 16 - 4 -


To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 o f the Federal Reserve Act

Cleveland

Cleve land

Chicago

San F r a n c i s c o

Approved The Toledo Trust Company, To ledo , Ohio. Branch to be

e s t a b l i s h e d a t 4031 McCord Road, S y l v a n i a , Lucas County, Ohio. J7

The Toledo Trust Company, To ledo , Ohio. Branch to be e s t a b l i s h e d a t 115 East Airport Highway, Swanton, F u l t o n County, Ohio. 1/

Davenport Bank and Trust Company, Davenport , Iowa, t o 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 at West Central Park and Marquette S t r e e t , Davenport , Iowa. If

United C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a . Branch to be e s t a b l i s h e d in the v i c i n i t y of the i n t e r s e c t i o n of Shaw and Marks Avenues, Fresno, Fresno County, C a l i -f o r n i a . 1/

* * * * *

I s s u e d I n t e n t Not to Disapprove Change of Control Pursuant t o Change in Bank Control Act of 1978

Not Disapproved Kansas C i t y Sherman County Management, I n c . Loup C i t y , Nebraska. V

* * * * *

To E s t a b l i s h a U.S. Branch of an Edge Act Corporat ion Pursuant t o S e c t i o n 2 5 ( a ) of the Federal Reserve Act

Approval San F r a n c i s c o S e c u r i t y P a c i f i c I n t e r n a t i o n a l Bank, New York, New York:

grants permiss ion to e s t a b l i s h branches i n S e a t t l e , Washington; C l e v e l a n d , Ohio; Minneapol i s , Minnesota; Boston, Massachuset ts and St Louis , Mis sour i .

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. 16


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

Approved Boston S t a t e S t r e e t Bank and Trust Company, Boston, Massachuse t t s :

g r a n t s consent for S t a t e S t r e e t Bank I n t e r n a t i o n a l , New York, New York, to e s t a b l i s h as a s u b s i d i a r y S t a t e S t r e e t A s i a L imi ted , Hong Kong.

New York Marine Midland Bank, N . A . , New York, New York, g r a n t s consent to make an a d d i t i o n a l investment in i t s whol ly owned sub-s i d i a r y , Marine Midland Interamerican Bank ("Edge"), Miami, F l o r i d a and to e s t a b l i s h and operate branches in Houston, Texas; Los A n g e l e s , C a l i f o r n i a ; and Georgetown, Cayman I s l a n d s .

* * * * *

To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of the Bank Holding Act of 1956

Approved Cleveland I n t e r c o u n t y Bancshares , I n c . , Wilmington, Ohio, for approval

to acquire 100 percent ( 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 v o t i n g shares of The C l i n t o n County Nat iona l Bank and Trust Company o f Wilmington, Wilmington, Ohio. \J

Cleveland Oak H i l l F i n a n c i a l , I n c . , Oak H i l l , Ohio, for approval t o acqu ire at l e a s t 25 percent of the v o t i n g shares of The Oak H i l l S a v i n g s Bank Company, Oak H i l l , Ohio. \J

A t l a n t a Suburban Bankshares, I n c . , A u s t e l l , Georg ia , f o r approval to acquire 100 percent of t h e v o t i n g s h a r e s of The C i t i z e n s and Southern Bank of Cobb County, A u s t e l l , Georg ia . 1/

Chicago CNB HOLDING COMPANY, Oak Park, I l l i n o i s , f o r approval to acquire a t l e a s t 8 6 . 7 2 percent of t h e v o t i n g shares of C i t i z e n s Nat iona l Bank of Chicago, Chicago, I l l i n o i s . \J

Chicago De Witt Bancorp, I n c . , De W i t t , Iowa, for approval t o a c q u i r e 100 percent of the v o t i n g shares of De Wi t t Bank & Trust C o . , De W i t t , Iowa. 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 .

I


H.2, 1981 No. 16 - 6 -


Minneapol is Alinelund Bancshares , I n c . , Almelund, Minnesota, f o r approval to acquire 94 percent of t h e v o t i n g shares of Farmers S t a t e Bank of Almelund, Almelund, Minnesota. 1/

Minneapol is B & M Bancshares , I n c . , Fairmont, Minnesota, for approval t o acquire 8 0 . 1 percent of the v o t i n g shares of S t a t e Bank of Fairmont, Fairmont, Minnesota. 1/

D a l l a s Colbert Bancshares , I n c . , Co lber t , Oklahoma, f o r approval to acquire at l e a s t 80 percent of the v o t i n g shares of The F i r s t Nat ional Bank of C o l b e r t , Co lbert , Oklahoma. JJ

D a l l a s U n i v e r s i t y Nat iona l Bancshares of San Anton io , I n c . , San Antonio , Texas , f o r approval to acquire 90 percent of the v o t i n g shares of U n i v e r s i t y Nat iona l Bank, San Antonio , Texas. 1/

* * * * *

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

Approved A t l a n t a Persons Banking Company, I n c . , Forsy th , Georgia , for approval

to acquire at l e a s t 65 .73 percent of the v o t i n g shares of The Bank of Perry, Perry, Georgia . JL/

S t . Louis Mark Twain Bancshares , I n c . , S t . L o u i s , Mis sour i , f o r approval to acquire at l e a s t 80 percent of t h e v o t i n g shares of Mid-Continent Bank o f Kansas C i t y , Kansas C i t y , Missour i . II

Minneapol i s The F i s c h e r Corporat ion , Lewis ton , Minnesota, f o r approval to acquire 98 percent of t h e v o t i n g shares o f F i r s t S t a t e Bank o f Wykoff, Wykoff, Minnesota.

D a l l a s F i r s t I n t e r n a t i o n a l Bancshares , I n c . , D a l l a s , Texas , for approval to acquire 100 percent of the v o t i n g shares of the s u c c e s s o r by merger to the Greens po int Bank, Houston, Texas . JJ

D a l l a s Republic of Texas Corporat ion , Dal l a s , T e x a s , f o r approval to acquire 100 percent of t h e v o t i n g shares ( 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 ) o f S e c u r i t y Nat ional Bank, A u s t i n , Texas. 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 authori t y .


H. 2 , 1981 No. 16 — 7 —


D a l l a s Texas Commerce Bancshares , I n c . , Houston, Texas , f o r approval to acquire 100 percent of t h e v o t i n g shares ( 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 s u c c e s s o r by merger to Gulfway Nat iona l Bank o f Corpus C h r i s t i , Corpus C h r i s t i , Texas.

Denied Chicago Independent Bank Corporat ion , I o n i a , Michigan, for approval

to acquire 100 percent of the v o t i n g shares of the s u c c e s s o r by c o n s o l i d a t i o n to The Old S t a t e Bank o f Fremont, Fremont, Michigan.

D a l l a s Texas Commerce Bancshares , I n c . , Houston, Texas , f o r approval to acquire 100 percent of t h e v o t i n g shares ( 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 ) o f the s u c c e s s o r by merger to The Mercant i l e N a t i o n a l Bank o f Corpus Chris t i , Corpus Christ i , Texas .

* * * * *

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

Approved Chicago Irwin Union Corporat ion , Columbus, Ind iana , for approval

to acquire a l l the a s s e t s of Inland Mortgage Company, I n c . , I n d i a n a p o l i s , Indiana through i t s newly formed s u b s i d i a r i e s , Irwin Union Mortgage Corporat ion , and Inland Mortgage Co . , i n c . j y

Withdrawn 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 r e l o c a t e

an e x i s t i n g o f f i c e i n v o l v i n g the f o l l o w i n g a c t i v i t y ( the s a l e o f c r e d i t r e l a t e d property and c a s u a l t y insurance ) from 5310 East 3 1 s t S t r e e t , T u l s a , Oklahoma to 6733 South Y a l e , 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 P e r s o n - t o - P e r s o n F i n a n c i a l Center , I n c . ( 4 / 1 4 / 8 1 ) 3/

Returned S t . Louis F i r s t Kentucky Nat iona l Corporat ion , L o u i s v i l l e , Kentucky,

n o t i f i c a t i o n of i n t e n t to engage in da ta proces s ing a c t i v i t i e s ( p r o c e s s i n g o f bank card s a l e s s l i p s , a i r l i n e t i c k e t s , t h i r d party r e m i t t a n c e s and o ther documents) a t 16402 North 28th Avenue, Phoenix , Ar izona , through a s u b s i d i a r y , NPC of Ar izona , I n c . , (doing b u s i n e s s as Nat ional P r o c e s s i n g Company) ( 4 / 1 7 / 8 1 ) 3 /

JJ A p p l i c a t i o n s processed on behal f of the Board of Governors under de legated 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 processed by the Reserve Bank on behal 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. 16 - 8 -


Delayed Richmond F i r s t Maryland 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 i n de novo a c t i v i t i e s ( l e a s i n g p e r -sonal property and equipment on a f u l l pay-out b a s i s and a c t i n g as agent , broker or a d v i s e r in the l e a s i n g t h e r e o f ; l e a s i n g r e a l property on a f u l l pay-out b a s i s ; and a c t i n g as agent , broker or adv i sor in the l e a s i n g t h e r e o f ; making or a c q u i r i n g , for i t s own account or for the account of o t h e r s , loans and o ther e x t e n s i o n s of c r e d i t with r e s p e c t t o personal proper ty , equipment, and rea l proper ty ; and s e r v i c i n g l oans , l e a s e s and other e x t e n s i o n s of c r e d i t ) i n Baton Rouge, L o u i s i a n a , through i t s s u b s i d i a r y , F i r s t Maryland Leasecorp. ( 4 / 1 3 / 8 1 ) 3 /

Kansas Ci ty Southwest Bancshares Corporat ion , 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 ( the s a l e of insurance 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 bank, Farmers and Merchants Bank, E u f a u l a , Oklahoma and by i t s nonbanking lending s u b s i d i a r y , PBC F inanc ia l Corporat ion, Oklahoma C i t y , Oklahoma) i n E u f a u l a , Oklahoma and Oklahoma C i t y , Oklahoma, the geographic area to be served by the Eufaula , Oklahoma o f f i c e i n c l u d e s Mcintosh County, Oklahoma and the geographic area to be served by the Oklahoma C i t y , Oklahoma o f f i c e i n c l u d e s the Oklahoma C i t y SMSA, through a s u b s i d i a r y , Southwest Bancshares Insurance Agency, Inc . ( 4 / 1 6 / 8 1 ) 3/

R e a c t i v a t e d Chicago Independence Bank Group, I n c . , Waukesha, Wiscons in , 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 o engage i n making, a c q u i r i n g , s e l l i n g and s e r v i c i n g mort-gage l o a n s ) the geographic scope i s s o u t h e a s t e r n Wiscons in , through i t s s u b s i d i a r y , Independence Mortgage Company, I n c . ( 4 / 1 6 / 8 1 ) 3/

Permit ted 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 i n the f o l l o w i n g a c t i v i t i e s ( t h e making or acqu ir ing of loans and o t h e r e x t e n s i o n s of c r e d i t , secured or unsecured, f o r con-sumer and o ther purposes ; the e x t e n s i o n o f loans to d e a l e r s f o r the f i n a n c i n g of inventory ( f l o o r p lann ing) and working c a p i t a l purposes ; 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 i n a n c e c o n t r a c t s ; the s a l e of c r e d i t re -la ted l i f e and acc ident and h e a l t h or decreas ing or l e v e l

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behal 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 .

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H.2, 1981 No. 16 - 9 -


( i n the case of s i n g l e payment l o a n s ) term l i f e insurance by l i c e n s e d agents or b r o k e r s , as requ ired; the s a l e of c r e d i t r e l a t e d property and c a s u a l t y insurance p r o t e c t i n g r e a l and persona l property subjec t to a s e c u r i t y agree -ment w i t h C i t i c o r p Washington F i n a n c i a l Center, I n c . t o the e x t e n 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 ; and the o r i g i n a t i n g , f o r i t s own account or for the account of o t h e r s , of f i r s t mortgage loans secured by r e s i d e n t i a l or commercial p r o p e r t i e s ; the s e r v i c e area would be expanded to comprise the e n t i r e S t a t e of Washington) a t 1218 N. Columbia Center , S u i t e 2 , Kennewick, Washington, through i t s s u b s i d i a r y , C i t i c o r p Washington F i n a n c i a l Center , I n c . ( 4 / 1 1 / 8 1 ) 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 engaging i n the f o l l o w i n g a c t i v i t i e s ( t h e making or acquir ing o f loans and other e x t e n s i o n s of c r e d i t , secured or unsecured, f o r consumer and other pur-poses ; the e x t e n s i o n o f loans to dea l er s for the f i n a n c i n g of inventory ( f l o o r p lanning) and working c a p i t a l purposes; 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 i n a n c e c o n t r a c t s ; the s a l e 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 ( i n the case of s i n g l e payment l o a n s ) term l i f e insurance by l i c e n s e d agents or b r o k e r s , as r equ ired; the s a l e of c r e d i t r e l a t e d property and c a s u a l t y insurance p r o t e c t i n g real and personal prop-e r t y 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 Washington I n d u s t r i a l Loan Company, t o the ex tent 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 o r i g i n a -i n g , f o r i t s own account or f o r the account of o t h e r s , of f i r s t mortgage loans secured by r e s i d e n t i a l or commercial p r o p e r t i e s ; and the s e r v i c i n g , f o r any person, of loans and other e x t e n s i o n s of c r e d i t ; the s e r v i c e area of the jde novo o f f i c e would be comprised of the e n t i r e S t a t e of Washington) at 1218 N. Columbia Center , S u i t e 2, Kennewick, Washington, through i t s s u b s i d i a r y , C i t i c o r p Washington I n d u s t r i a l Loan Company ( 4 / 1 1 / 8 1 ) 3 /

New York Chemical New York Corporat 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 o f f i c e of a de novo s u b s i d i a r y engaging i n the f o l l o w i n g a c t i v i t i e s (making or acquir ing loans tdiich may exceed $10 ,000 and may be secured by equ i ty i n rea l p r o p e r t y ; acquir ing i n s t a l l m e n t c o n t r a c t s from r e t a i l s e l l e r s c o v e r i n g the t ime s a l e s o f goods and r e l a t e d s e r v i c e s ; making or acquir ing loans and other e x t e n s i o n s



H.2, 1981 No. 16 - 1 0 -


of c r e d i t to b u s i n e s s e s ( i n c l u d i n g inventory f i n a n c i n g ) ; making or acqu ir ing e x t e n s i o n s of c r e d i t secured by personal property l e a s e c o n t r a c t s ; the s a l e of c r e d i t l i f e , c r e d i t acc ident and h e a l t h and property and c a s u a l t y insurance 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 ; any c r e d i t l i f e and c r e d i t acc ident and h e a l t h insurance so ld in c o n n e c t i o n w i t h the proposed a c t i v i t i e s w i l l be re insured through Sun S t a t e s L i f e Insurance Company or Great Lakes Insurance Company, i n d i r e c t s u b s i d i a r i e s of the App l i cant ; the s e r v i c e area for the o f f i c e w i l l be the S t a t e of Kentucky) a t 115 Dupont C i r c l e , S t . Matthews, Kentucky, through i t s e x i s t i n g s u b s i d i a r y , Sunamerica Corporat ion ( 4 / 1 2 / 8 1 ) 3J

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 e x i s t i n g o f f i c e s 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 ( the making or acquir ing of loans and other e x t e n s i o n s of c r e d i t , secured or unsecured, f o r consumers and o ther purposes; the e x t e n s i o n of loans to d e a l e r s for the f i n a n c i n g of inventory ( f l o o r planning) and working c a p i t a l purposes; the purchasing and s e r v i c i n g for i t s own account of s a l e s f i n a n c e c o n t r a c t s ; the s a l e 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 d e c r e a s -ing or l e v e l ( i n the case of s i n g l e payment l oans ) term l i f e insurance by l i c e n s e d agents or brokers , a s required; the s a l e of c r e d i t r e l a t e d property and c a s u a l t y insurance p r o t e c t i n g rea l and personal property subjec 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 F i n a n c i a l Center , I n c . t o the e x t e n 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 i n s u r -ance laws and r e g u l a t i o n s ; and the s e r v i c i n g , for any person , o f l oans and o ther e x t e n s i o n s of c r e d i t ; the pro-posed expanded s e r v i c e area o f both o f f i c e s would be comprised of the e n t i r e S t a t e of V i r g i n i a for a l l of the aforement ioned a c t i v i t i e s except that 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 property and c a s u a l t y i n s u r a n c e ; c r e d i t r e l a t e d l i f e , a c c i d e n 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 P e r s o n - t o - P e r s o n F i n a n c i a l Center , I n c . ) a t 101 Buford Road, Richmond, V i r g i n i a and 5718 E. V i r g i n i a Beach Boulevard, N o r f o l k , V i r g i 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 P e r s o n - t o - P e r s o n F i n a n c i a l Center , Inc . ( 4 / 1 7 / 8 1 ) 3 /

Cleveland Pennbancorp, T i t u s v i l l e , Pennsy lvan ia , n o t i f i c a t i o n of i n t e n t to engage i n the f o l l o w i n g a c t i v i t i e s ( 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 r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r -ance) i n Phoenix , Ar izona , through a s u b s i d i a r y , Penn-bancorp L i f e Insurance Company ( 4 / 5 / 8 1 ) 3 /

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank of 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 .

i


H.2, 1981 No. 16 - 11 -


Cleveland P i t t s b u r g h Nat iona l Corporat 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 i n de novo a c t i v i t i e s (mort-gage banking, i n c l u d i n g the making or acquir ing and s e r v i c -i n g for i t s own account and for the account of o t h e r s , loans and o ther e x t e n s i o n s of c r e d i t ) i n the m e t r o p o l i t a n area of Savannah, Georg ia , through i t s s u b s i d i a r y , The K i s s e l 1 Company ( 4 / 8 / 8 1 ) 3 /

San U.S. Bancorp, P o r t l a n d , Oregon, n o t i f i c a t i o n of i n t e n t t o F r a n c i s c o engage in de novo a c t i v i t i e s ( t h e making, acqu ir ing and

s e r v i c i n g o f loans and other e x t e n s i o n s of c r e d i t , e i t h e r secured or unsecured, f o r i t s own account or the account of others i n c l u d i n g , but not l i m i t e d t o , commercial , r e -d i s count and i n s t a l l m e n t s a l e s c o n t r a c t s ; to i s s u e t h r i f t c e r t i f i c a t e s and passbooks and to act as insurance agent wi th regard to c r e d i t l i f e and d i s a b i l i t y insurance s o l e l y in c o n n e c t i o n with e x t e n s i o n s of c r e d i t by U.S . T h r i f t ) a t 9 th North and Main S t r e e t , Spanish Fork, Utah, through i t s s u b s i d i a r y , U. S. T h r i f t & Loan ( 4 / 1 2 / 8 1 ) 3 /

San U.S. Bancorp, P o r t l a n d , Oregon, n o t i f i c a t i o n of i n t e n t to Franc i sco engage i n de novo 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 loans and o ther e x t e n s i o n s of c r e d i t , e i t h e r secured o r unsecured, for i t s own account or the account of o t h e r s i n c l u d i n g , but not l i m i t e d t o , commercial , r e -discount and i n s t a l l m e n t s a l e s c o n t r a c t s ; to i s s u e t h r i f t c e r t i f i c a t e s and passbooks and to act as insurance agent with regard to c r e d i t l i f e and d i s a b i l i t y insurance s o l e l y in connec t ion w i t h e x t e n s i o n s of c r e d i t by U.S T h r i f t ) a t 710 West P r i c e River Dr ive , P r i c e , Utah, through i t s s u b s i d i a r y , U. S. T h r i f t & Loan ( 4 / 1 3 / 8 1 ) 3/

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 d e l e g a t e d a u t h o r i t y .


H.2, 1981 No. 16 - 12 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 o f the Federal Reserve Act

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 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 a t 144 Main S t r e e t , Racket t s town, New J e r s e y . _2/

Richmond United V i r g i n i a Bank, Richmond, V i r g i n i a . Branch to be e s t a b l i s h e d a t Bermuda Square Shopping Center , U.S. 1-301 and Highway 10, C h e s t e r f i e l d County, V i r g i n i a . 2J

A t l a n t a F l a g s h i p Bank of Tampa, Tampa, F l o r i d a . Branch to be e s t a b l i s h e d at the southwest corner of the i n t e r s e c t i o n of Northdale Boulevard and North Dale Marby Highway, Tampa, F l o r i d a . 2 /

A t l a n t a Dadeland Bank, Miami, F l o r i d a . To e s t a b l i s h a branch at 1201 B r i c k e l l Avenue, Miami, F l o r i d a . 2 /

Chicago M&I Marshal l & I l s l e y Bank, Milwaukee, Wiscons in . 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 at S e n t r y Roads S t o r e , 2023 W. Oklahoma Avenue, Milwaukee, Wisconsin . 2/

* * * * *

To Become a Member of t h e Federal Reserve System Pursuant t o S e c t i o n 9 of the Fedeal Reserve Act

Kansas Ci ty Sedgwick County Bank, Ju l e sburg , Colorado. 2 /

* * * * *

To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o S e c t i o n 25 of the Federal Reserve Act

Bos ton The F i r s t N a t i o n a l Bank of Boston, Boston, Massachuse t t s : p r i o r n o t i f i c a t i o n of i t s i n t e n t to open an i n i t i a l branch in S e o u l , Korea.

2 / A p p l i c a t i o n subjec t to Community Reinvestment Act . The Community ~ 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 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 .

1


H.2, 1981 No. 16 - 1 3 -

APPLICATIONS RECEIVED-Cont inued

Cleveland The Central Trust Company, N.A. , C i n c i n n a t i , Ohio: reques t consent to e s t a b l i s h a branch i n Grand Cayman I s l a n d , B r i t i s h West I n d i e s .

* * * * *

New York

Ph i l a d e l p h i a

A t l a n t a

A t l a n t a

A t l a n t a

Chicago

Minneapol is

Minneapoli s

To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956

F i r s t Glen Bancorp, I n c . , Glen F a l l s , New York, for approval to acquire 100 percent of the v o t i n g shares of the s u c c e s s o r by merger to The F i r s t Nat iona l Bank of Glens F a l l s , Glen F a l l s , New York. 2 /

Nor theas tern Bancorp, Inc . , Scran ton , Pennsy lvan ia , for ap-proval to acquire 100 percent of the v o t i n g shares of N o r t h e a s t e r n Bank of Pennsy lvania , Mount Pocono, Penn-s y l v a n i a . 2 /

Capi ta l Bancorp, North Bay V i l l a g e , F l o r i d a , f o r approval to acquire a t l e a s t 51 percent of t h e v o t i n g shares of Capi ta l Bank, North Bay V i l l a g e , F l o r i d a . 2/

United Bancshares , I n c . , Chattanooga, Tennessee , for ap-proval to acquire 100 percent of the v o t i n g shares of United Bank o f Chattanooga, Chattanooga, Tennessee . 2J

United Bancshares , I n c . , Miami, F l o r i d a , f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g shares of United Nat ional Bank of Miami, Miami, F l o r i d a . 2 /

Lee County Bancorp. , I n c . , For t Madison, Iowa, for ap-proval to acquire at l e a s t 23 percent of the v o t i n g shares of Lee County Sav ings Bank, For t Madison, Iowa. 2/

Cambridge Capi ta l Co . , Cambridge, Minnesota, f o r approval to acquire a t l e a s t 80 percent of the v o t i n g shares of Peop le s S t a t e Bank of Cambridge, Cambridge, Minnesota. 2 /

Guaranty S t a t e Holding Company, S t . P a u l , Minnesota, f o r approval to acqu ires a t l e a s t 9 6 . 6 percent of t h e v o t i n g shares of Guaranty S t a t e Bank of Sa int Paul , S t . P a u l , Minnesota . 2 /

2 / A p p l i c a t i o n subjec t to Community Reinvestment Ac t . The Community 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 c o n t a c t e d as to the l e n g t h of the comment per iod .


H. 2 , 1981 No. 16 - 1 4 -

APPLICATIONS RECEIVED-Continued

Minneapol i s L a k e v i l l e F i n a n c i a l S e r v i c e s , I n c . , L a k e v i l l e , Minnesota, for approval to acquire a t l e a s t 90 percent of the v o t i n g shares of F i r s t L a k e v i l l e S t a t e Bank, L a k e v i l l e , Minnesota. 2/

Kansas Ci ty Delaware Bancshares , Jay, Oklahoma, f o r approval to acquire 100 percent of t h e v o t i n g shares of The Delaware County Bank, Jay, Oklahoma. 2/

Kansas City Rosedale Bancshares , I n c . , Kansas C i t y , M i s s o u r i , for ap-proval to acquire at l e a s t 80 percent of the v o t i n g shares of Rosedale S t a t e Bank and Trust Co. , Kansas C i ty , Missour i . 2/

Kansas Ci ty Grant Bancshares , I n c . , Grant, Nebraska, f o r approval to acquire at l e a s t 9 2 . 8 percent of the v o t i n g shares of The Farmers Nat ional Bank of Grant, Grant, Nebraska. 2j

Kansas Ci ty S e c u r i t y Holding Company, Miami, Oklahoma, for approval to acquire 80 percent of the v o t i n g shares of S e c u r i t y Bank and Trust Company, Miami, Oklahoma. 2 /

D a l l a s F i r s t Baird Bancshares , I n c . , Baird, Texas , f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g shares of The F i r s t Nat ional Bank of Ba ird , Baird, Texas . 2 /

Da l la s Memphis Bancshares , I n c . , Memphis, Texas , for approval t o acqu ire 80 percent or more of the v o t i n g shares of F i r s t S t a t e Bank, Memphis, Texas . 2/

* * * * *

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

R e c o n s i d e r a t i o n A t l a n t a Metropo l i tan Bancorporat ion , Tampa, F l o r i d a , f o r approval

to acquire a t l e a s t 88 percent of t h e v o t i n g shares of F i r s t Bank and Trust Company, B e l l e a i r B l u f f s , F l o r i d a , p r e v i o u s l y approved by t h e Federal Reserve Bank o f A t l a n t a pursuant to de legated a u t h o r i t y .

Received Minnespo l i s S e c u r i t y BancShares of Montana, I n c . , B i l l i n g s , Montana, for

approval to acquire at l e a s t 70 percent of the v o t i n g shares o f F i r s t C i t i z e n s Bank o f Mi les C i t y , Mi l e s C i ty , Montana. 2/

2/ A p p l i c a t i o n subjec t to Community Reinvestment Act . The Community 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 c o n t a c t e d as to the l eng th of the comment per iod .

I a


H.2, 1981 No. 16 - 1 5 -


Kansas Ci ty F i r s t S t a t e Holding Company, I n c . , J o p l i n , Missour i , f o r ap-proval to acquire 82 percent of t h e v o t i n g shares of The F i r s t Nat ional Bank of S a r c o x i e , S a r c o x i e , Missour i . If

Dal la s Nat iona l Bancshares Corporation of Texas , San Antonio , Texas, f o r approval to acquire 100 percent of the v o t i n g shares of Republic Nat iona l Bank o f A u s t i n , A u s t i n , Texas . 2 /

D a l l a s Texas American Bancshares I n c . , Fort Worth, Texas, f o r ap-proval to acquire 100 percent of t h e v o t i n g shares of The C o l l i n County Nat ional Bank of McKinney, McKinney, Texas . 21

D a l l a s Texas Commerce Bancshares , I n c . , Houston, Texas , f o r approval to acquire 100 percent ( 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 v o t i n g shares of Texas Commerce Bank-Clear Lake, Nat iona l A s s o c i a t i o n , Houston, Texas , a proposed new bank. 2/

* * * * *

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

Boston Worcester Bancorp, I n c . , Worcester , M a s s a c h u s e t t s , 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 the s a l e of property and c a s u a l t y insurance on r e a l or personal property i n connec t ion w i t h e x t e n s i o n s of c r e d i t made by banking and nonbanking s u b s i d i a r i e s of Worcester Bancorp, I n c . , a l s o to engage in the broker-ing of insurance for the banking s u b s i d i a r i e s of Worcester Bancorp, I n c . ) i n Amherst; Barre; Falmouth; G r e e n f i e l d ; Harwich; Lancas ter ; North B r o o k f i e l d ; Orleans; Southborough; S t e r l i n g ; W e l l f l e e t ; Winchendon; Auburn; Chatham; F i t chburg; Had l e y ; Hoiden; Leominster; Northampton; Provincetown; Southbridge; Sturbridge ; Westhorough; Worcester; B a r n s t a b l e ; C l i n t o n ; Gardner; Harvard; Hudson; Marlborough; Orange; Shrewsbury; Spencer; Webster and Westminster , a l l i n Massachuse t t s , through i t s d i r e c t s u b s i d i a r y , Wornat Insurance Agency, Inc . ( 4 / 1 7 / 8 1 ) 3 /

New York The Chase Manhattan Corporat ion, New York, New York, r e q u e s t s permiss ion to expand the a c t i v i t i e s of an e x i s t -ing o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g , for i t s own account and for the account

2 j A p p l i c a t i o n subject to Community Reinvestment Act . The Community 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 c o n t a c t e d as to the l e n g t h of the comment per iod .

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


H. 2, 1981 No. 16 - 1 6 -


of o t h e r s , loans and o ther e x t e n s i o n s of c r e d i t , both secured and unsecured i n c l u d i n g , but not r e l a t e d t o , consumer and b u s i n e s s l i n e s of c r e d i t , i n s t a l l m e n t loans for p e r s o n a l , household and b u s i n e s s purposes and mortgage loans secured by r e a l and personal property; s e r v i c i n g loans and other e x t e n s i o n s of c r e d i t ; to act as insurance agent or broker f o r c r e d i t l i f e insurance and c r e d i t acc ident and d i s a b i l i t y insurance and c r e d i t property insurance d i r e c t l y r e l a t e d to such l ending and s e r v i c i n g a c t i v i t i e s ) at 2910 East Camelback Road, Bui ld ing A, Phoenix , Ar izona , through i t s s u b s i d i a r y , Chase Manhattan F i n a n c i a l S e r v i c e s , I n c . ( 4 / 1 7 / 8 1 ) 31

New York The Chase Manhattan Corporat 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 engag ing in the f o l l o w i n g 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 and for the account of o t h e r s , secured loans and other e x t e n s i o n s of c r e d i t inc luding but not l i m i t e d t o , consumer and b u s i n e s s l i n e s of c r e d i t , i n s t a l l m e n t loans for personal househo ld and b u s i n e s s purposes , t o s e r v i c e loans and other e x t e n s i o n s of c r e d i t ; to s e l l t r a v e l e r s checks at r e t a i l ; to act as insurance agent for c r e d i t l i f e insurance and c r e d i t a c c i d e n t and d i s a b i l i t y insurance d i r e c t l y r e l a t e d to such lending and s e r v i c i n g a c t i v i t i e s ) at 2 Corporate Plaza D r i v e , Newport Beach, C a l i f o r n i a , through i t s s u b s i d i a r y , Chase Manhattan F i n a n c i a l S e r v i c e s , I n c . ( 4 / 1 3 / 8 1 ) 3J

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 r e l o c a t e and t o 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 engag ing in the f o l l o w i n g a c t i v i t i e s ( t h e p r e v i o u s l y approved a c t i v i t i e s which w i l l be r e l o c a t e d to the new o f f i c are as f o l l o w 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 e x t e n s i o n of loans to d e a l e r s for the f i n a n c i n g of inventory ( f l o o r planning) and working c a p i t a l purposes ; the s a l e 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 ( i n t h e case of s i n g l e payment l o a n s ) term l i f e insurance by l icense* agents or b r o k e r s , as r e q u i r e d ; the s a l e of c r e d i t r e l a t e d property and c a s u a l t y insurance p r o t e c t i n g real and personal property 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 F i n a n c i a l Center , I n c . , t o the extent 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 ; and the s e r v i c i n g f o r any person, of loans and other e x t e n s i o n s of c r e d i t , the p r e v i o u s l y approved s e r v i c e area of the o f f i c e would be expanded to inc lude

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 d e l e g a t e d a u t h o r i t y .


H.2, 1981 No. 16 - 17 -


the e n t i r e s t a t e of North Caro l ina ; the proposed new-act i v i t y to be conducted from the o f f i c e would be; the making of loans to i n d i v i d u a l s and b u s i n e s s e s to f inance the purchase o f 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 w i t h the real property to

ich such hous ing i s o r w i l l be permanently a f f i x e d , such property be ing used as s e c u r i t y for the loans; the s a l e of c r e d i t r e l a t e d property and c a s u a l t y insurance would not be expanded t o the new s e r v i c e area nor extended to cover the proposed new a c t i v i t y ; c r e d i t r e l a t e d l i f e , a c c i d e n 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 P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) from 3535 South Wilmington S t r e e t , R a l e i g h , North Caro l ina to 4915 Waters Edge Dr ive , R a l e i g h , North C a r o l i n a , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center , Inc . ( 4 / 1 4 / 8 1 ) 2 /

New York Manufacturers Hanover Corporat ion, New York, New York, r e q u e s t s permiss ion to r e l o c a t e and 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 i n the f o l l o w i n g a c t i v i t i e s (consumer f i n a n c e , s a l e s f inance and home e q u i t y lending a c t i v i t i e s and in the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e , and c r e d i t a c c i d e n t , h e a l t h and property i n s u r -ance; the new o f f i c e w i l l s e r v e customers in Clayton, Western Henry, South Western Dekalb, Northeas tern F a y e t t e , and Fu l ton Count i e s ) from 118 South Main S t r e e t , Jonesboro , Georgia to 4434 Jonesboro Road, Fores t Park, Georgia, through i t s s u b s i d i a r y , R i t t e r Finance Company, I n c . , of Georgia ( 4 / 1 5 / 8 1 ) 3 /

New York Manufacturers Hanover Corporat ion, New York, New York, r e q u e s t s permiss 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 the f o l l o w i n g a c t i v i t i e s (consumer f i n a n c e and s a l e s f inance a c t i v i t i e s and in the s a l e of insurance r e l a t e d to such l end ing a c t i v i t i e s ) from 333 Market S t r e e t , Shreveport , Louis iana t o 3713 Jewe la Road, Shreveport , Lou i s iana , through i t s s u b s i d i a r y , Termplan Incorporated of Loui s iana ( 4 / 1 5 / 8 1 ) 3 /

New York Manufacturers Hanover Corporat ion, New York, New York, r e q u e s t s permiss ion to r e l o c a t e and to expand the 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 engaging i n the fo l l owing a c t i v i t i e s (purchas ing motor v e h i c l e s a l e s f inance 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 insurance d i r e c t l y r e l a t e d to such lending

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behal 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 .


I

H.2 , 1981 No. 16 - 18 -


a c t i v i t y ; consumer f i n a n c e , s a l e s f i n a n c e , and home equity lending a c t i v i t i e s and in the s a l e of insurance r e l a t e d to such l ending a c t i v i t i e s ) from 12818 N. 19th Avenue, Phoenix , Arizona to 4245 W. Thunderbird Road, Phoenix, Arizona, through i t s s u b s i d i a r y , Termplan, I n c . , of Arizona ( 4 / 1 5 / 8 1 ) 37

New York Manufacturers Hanover Corporat ion , New York, New York, r e q u e s t s permiss ion to expand the 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 engag ing in the f o l l o w i n g a c t i v i t i e s (purchasing motor v e h i c l e s a l e s f i n a n c e c o n t r a c t s , and to s e l l 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 such lending a c t i v i t y ; con-sumer f i n a n c e , s a l e s f i n a n c e , and home equi ty lending a c t i v i t i e s and in the s a l e of insurance r e l a t e d to such lending a c t i v i t i e s ) at 2334 E. Broadway, P.O. Box 40356, Tucson, Ar i zona , through i t s s u b s i d i a r y , Termplan, I n c . , of Ar izona ( 4 / 1 5 / 8 1 ) 3 /

New York Manufacturers Hanover Corporat 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 the f o l l o w i n g a c t i v i t i e s (arrang ing , making or a c q u i r i n g for i t s own account or f o r the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t secured by a homeowner's e q u i t y i n t e r e s t in a home such as would be made by a consumer f i n a n c e company, s e r v i c i n g such loans and other e x t e n s i o n s of c r e d i t for any person, a c t i n g as agent or broker for the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n -surance which i s d i r e c t l y r e l a t e d to such loans and e x -t e n s i o n s of c r e d i t , and through i t s s u b s i d i a r y Tempco L i f e Insurance Company r e i n s u r i n g such c r e d i t l i f e insurance; and purchas ing i n s t a l l m e n t s a l e s f inance c o n t r a c t s , a c t i n g as an agent or broker f o r the s a l e of s i n g l e and j o i n t c r e d i t l i f e insurance and c r e d i t acc ident and h e a l t h insurance which i s d i r e c t l y r e l a t e d to such loans and e x t e n s i o n s of c r e d i t , and through Tempco L i f e Insurance Company r e i n s u r i n g such c r e d i t l i f e insurance) at Greentree Square, 934 Route 73 North, Marlton, New J e r s e y , through i t s s u b s i d i a r y , I n v e s t o r s Loan Corporation of New Jersey ( 4 / 1 6 / 8 1 ) 3 /

Richmond Southern Bancorporat ion, I n c . , G r e e n v i l l e , South C a r o l i n 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 (making e x t e n s i o n s of c r e d i t as a l i c e n s e d consumer f i -nance l ender) at 12 West Fourth 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 , World Acceptance Corporation ( 4 / 9 / 8 1 ) 3 /



H.2, 1981 No. 16 - 19 -


A t l a n t a American Banks of F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a , no-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 act as agent or broker f o r the s a l e of c r e d i t l i f e , 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 e x t e n -s i o n s of c r e d i t by i t s subs id iary banks) in J a c k s o n v i l l e , F l o r i d a , through a s u b s i d i a r y , ABFI, Inc . ( 4 / 1 3 / 8 1 ) 3/

A t l a n t a Third Nat ional Corporat ion, N a s h v i l l e , Tennessee , 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 ( c o n -duct ing the b u s i n e s s of a mortgage company, i n c l u d i n g t h e making or a c q u i r i n g , for i t s own account or for the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t and s e r v i c i n g loans and other e x t e n s i o n s of c r e d i t for any person) at 41 Federal Dr ive , Jackson, Tennessee , through a s u b s i d i a r y , Third Nat iona l Mortgage Company ( 4 / 1 0 / 8 1 ) 3/

D a l l a s Nat ional Bancshares Corporat ion of Texas, San Antonio , Texas, n o t i f i c a t i o n of i n t e n t to engage de novo a c t i v i t i e s ( engag-ing i n c r e d i t l i f e insurance and c r e d i t acc ident and h e a l t h insurance underwrit ing 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 ) at Soledad & Martin S t r e e t s , Pos t O f f i c e Drawer 121 San Anton io , Texas , through i t s s u b s i d i a r y , Nat iona l Bancshares L i f e Insurance Company ( 4 / 1 5 / 8 1 ) 3 /

BankAmerica Corporat ion , San F r a n c i s c o , 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 (making or a c q u i r i n g for i t s own account loans and other e x t e n -s i o n s of c r e d i t such as would be made or acquired by a f inance company; s e r v i c i n g loans and other e x t e n s i o n s of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d acc ident and h e a l t h insurance; such a c t i v i t i e s w i l l i n c l u d e , but not be l imi t ed t o , making consumer i n s t a l l m e n t l o a n s , purchas ing 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 , making loans and o ther e x t e n s i o n s of c r e d i t to small b u s i n e s s e s , making loans and other e x t e n -s i o n s of c r e d i t secured by r e a l and personal proper ty , and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d a c c i d e n 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 ten -s i o n s of c r e d i t made or acquired by FinaneeAmerica Indus-t r i a l P lan , I n c . ) at 1141 East Altamonte Dr ive , Altamonte Spr ings , F l o r i d a , s e r v i n g the e n t i r e s t a t e o f F l o r i d a , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica I n d u s t r i a l P lan , I n c . a F lor ida c o r p o r a t i o n ( 4 / 1 5 / 8 1 ) 3/

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



H.2, 1981 No. 16 - 20 -


Imperial Bancorp, I n g l e wood, 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 i n de novo a c t i v i t i e s (making, acqu ir ing or p l a c i n g loans and o ther e x t e n s i o n s of c r e d i t for i t s own account and for the account of others and s e r v i c i n g such loans and o ther e x t e n s i o n s of c r e d i t for i t s own account and for the account of others in the S t a t e of C a l i f o r n i a ) at 9920 South La Cienega Boulevard, I n g l e -wood, C a l i f o r n i a , through a whol ly owned s u b s i d i a r y , Imperial Credi tcorp and ( t o engage pr imar i ly i n i n s u r -ance premium f i n a n c i n g r e l a t i n g to both commercial and consumer property and c a s u a l t y in surance ) to open an o f f i c e in t h e v i c i n i t y of the i n t e r s e c t i o n of 32nd S t r e e t and East Camelback Road, Phoenix , Arizona and 235 Montgomery S t r e e t , San F r a n c i s c o , C a l i f o r n i a , through a s u b s i d i a r y , Imperia l Credi tcorp ( 4 / 1 3 / 8 1 ) 3 /

San S e c u r i t y P a c i f i c Corporat ion , Los A n g e l e s , C a l i f o r n i a , n o t i -F r a n c i s c o 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 i n g for i t s own account or for the account of o t h e r s , loans and e x t e n s i o n s of c r e d i t , i n c l u d i n g making consumer i n s t a l l m e n t personal l o a n s , purchasing consumer i n s t a l l m e n t s a l e s f inance c o n t r a c t s , making loans to small b u s i n e s s e s and other e x t e n s i o n s of c r e d i t such as would be made by a f a c t o r i n g company or a consumer f i n a n c e company; and a c t i n g as broker or agent for the s a l e of c r e d i t - r e l a t e d l i f e , a c c i d e n t and h e a l t h insurance) at 700 108th Avenue, N .E . , B e l l e v u e , Washington and 16400 South Center Parkway, T u c k w i l l a , Washington, s e r v i n g the S t a t e of Washington, through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Corp. ( 4 / 1 0 / 8 1 ) 3 /

S e c u r i t y P a c i f i c Corporat ion , Los A n g e l e s , 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 i n de novo a c t i v i t i e s ( t o engage in f i n a n c i n g and i n d u s t r i a l loan and t h r i f t company a c t i v i t i e s i n c l u d i n g making, a c q u i r i n g and s e r v i c i n g loans and o ther e x t e n s i o n s of c r e d i t ; s e l l i n g and i s s u i n g investment c e r t i f i c a t e s ; and a c t i n g as agent for the s a l e of c r e d i t r e l a t e d l i f e and c r e d i t r e l a t e d acc ident and h e a l t h insurance as authorized by Washington law) a t 700 108th Avenue, N . E . , B e l l e v u e , Washington and 16400 South Center Parkway, Tuckwi l la , Washington, s e r v i n g the S t a t e of Washington, through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c I n d u s t r i a l Loan Company ( 4 / 1 0 / 8 1 ) 3 /

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 d e l e g a t e d a u t h o r i t y .

San Franc i s co


N


H.2, 1981 No. 16 - 2 1 -

APPLICATION RECEIVED-Cont inued

San U.S. Bancorp, P o r t l a n d , Oregon, n o t i f i c a t i o n of in tent to Franc i sco engage i n de novo a c t i v i t i e s (making, a c q u i r i n g and s e r v -

i c i n g of loans and o ther e x t e n s i o n s of c r e d i t , e i t h e r secured or unsecured, for i t s own account or the account of o t h e r s i n c l u d i n g , but not l i m i t e d to commerical, r e -discount and ins ta lment s a l e s c o n t r a c t s ; to i s s u e t h r i f t c e r t i f i c a t e s and passbooks and to act as insurance agent with regard to c r e d i t l i f e and d i s a b i l i t y insurance s o l e l y i n c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t by C i t i z e n s Apple-wood I n d u s t r i a l Bank in conformance with the p r o v i s i o n s of S e c t i o n s 2 2 5 . 4 ( a ) ( 1 ) , ( 2 ) , ( 3 ) and ( 9 ) ( i i ) of R e g u l a t i o n Y) l o c a t e d w i th in a o n e - h a l f mi le rad ius of the i n t e r -s e c t i o n of 26th Avenue and Youngf i e ld S t r e e t in J e f f e r s o n County, Colorado , t h e geographic area to be served by the proposed jde novo s u b s i d i a r y i s that area which comprises the Denver SMSA, through a wholly-owned s u b s i d i a r y , U.S. Bancorp F i n a n c i a l , I n c . ( 4 / 1 4 / 8 1 ) 3J

* * * * *

REPORTS RECEIVED

Ownership Statement F i l e d Pursuant to S e c t i o n 13(d) of the S e c u r i t i e s Exchange Act

F i r s t Commercial Bank, A r l i n g t o n , V i r g i n i a F i l e d by Charles E. Tay lor

* * * * *

PETITIONS FOR RULEMAKING

None.


I


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