h2_19820123.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1982 No. 4)

Actions of the Board; Applications and Reports

Received During the Week Ending January 23, 1982 APPLICABLE

RESERVE BANK ACTIONS OF THE BOARD

Regulations G, T, and U, revision and s impl i f i ca t ion of the margin regulations, e f fec t ive February 15, 1982, except for the amendment to Regulation U to exemp from quant i ta t ive l im i ta t ion bank credi t which is not secured by margin stock; the e f fec t ive date of the amendment is March 31, 1982.

Mr. Peter A. Tinsley, appointed to the posit ion of Assistant Director in the Division of Research and S ta t i s t i cs .

Mr. Frederick M. Struble, t ransfer to Assistant Director in Progran Direction in the Division of Research and S ta t i s t i c s .

Mr. Donald L. Kohn, promoted to the posit ion of Senior Deputy Associate Director in the Division of Research and S ta t i s t i cs .

f irs. Barbara R. Lowrey, promoted to the posit ion of Associate Secretary in the Office of the Secretary.

Mr. James B. McAfee, promoted to the posit ion of Associate Secretary in the Office of the Secretary.

Kansas City Agri Bancorporation, Holyoke, Colorado, extension of time to May 25, 1982, wi th in which to consummate the acquis i t ion of Sedgwick County Bank, Julesburg, Colorado. 1/

Chicago American National Corporation, Chicago, I l l i n o i s , extension of time to Apr i l 16, 1982, within which to become a bank holding company through the acquisit ion of 100 percent of the voting shares of American National Bank and Trust Company of Chicago, Chicago, I l l i n o i s . 1/

Jl/ Appl icat ion processed on behalf of the Board of Governors under delegated author i ty .

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

H.2, 1982 No. 4 - 2 -

ACTIONS OF THE BOARD-Continued

Kansas City Citizens National Bancshares, Inc . , Oklahoma Ci ty , Oklahoma, extension of t ine to Apr i l 15, 1982, within which to consummate the acquisi t ion of Citizens National Bank & Trust Co., Oklahoma Ci ty , Oklahoma, J7

Atlanta ComBanks Corporation, Winter Park, Flor ida, extension of time to May 12, 1982, wi th in which to acquire 51.5 percent of the voting shares of Great American Banks, Inc . , North Miami, Flor ida. 1/

Chicago Farmers National Bancorp, Inc . , Remington, Indiana, extension of time to Apr i l 23, 1982, within which to become a bank holding company through the acquisit ion of 80 percent or more of the voting shares of the Farmers National Bank of Remington, Remington, Indiana. 1/

Chicago Findlay Bankshares, Inc. , Findlay, I l l i n o i s , extension of time to Apri l 22, 1982, wi thin which to become a bank holding company through the acquisi t ion of 80 percent or more of the voting shares of Bank of Findlay, Findlay, I l l i n o i s . 1/

Atlanta F i rs t Etowah Bancorp Inc . , Glencoe, Alabama, extension of time to Apri l 20, 1982, wi thin which to become a bank holding company through acquisi t ion of F i rs t Citizens Bank of Etowah, Glencoe, Alabama. 1/

St. Louis Fi rs t National Holding Company, Oxford, Mississippi, extension of time to March 30, 1982, within which to become a bank holding company through the acquisit ion of the First National Bank of Oxford, Oxford, Mississippi. J_/

Richmond First WNB Corporation, Washington, D.C., extension of time to Apri l 2, 1982, wi thin which to become a bank holding company through the acquisi t ion of the successor by merger to The Women's National Bank, Washington, D.C. 1/

Chicago Granville Bancshares, Inc . , Granvi l le, I l l i n o i s , extension of time to Apri l 23, 1982, wi th in which to become a bank holding company through the acquisi t ion of 100 percent of the voting shares of the successor by merger to The Granvil le National Bank, Granvi l le, I l l i n o i s . 1/

1/ Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 4 - 3 -


Atlanta Great American Bancorp, North Miami, Flor ida, extension of t ine to Apri l 23, 1982, within which to become a bank holding company through di rect acquisit ion of shares of ComBank Corporation and indirect acquisit ion of shares of Great American Banks, Inc . , North Miami, Florida, j y

Chicago GREENFIELD BANCSHARES, INC., Greenfield, Indiana, extension of time to Apri l 20, 1982, within which to become a bank holding company through the acquisi t ion of 100 percent of the voting shares of the successor by merger to Greenfield Banking Company, Greenfield, Indiana. \j

Chicago Mid-Citco Incorporated, Chicago, I l l i n o i s , extension of time to Apri l 27, 1982, within which to become a bank holding company through the acquisi t ion of 100 percent of the voting shares of the successor by merger to The Mid-City National Bank of Chicago, Chicago, I l l i n o i s . 1/

Chicago MT. Z10N BANCORP, INC., Mount. Zion, I l l i n o i s , extension of time to Apri l 15, 1982, wi th in which to become a bank holding company through the acquisi t ion of 100 percent of the voting shares of successor by merger to Mt. Zion State Bank, Mount Zion, I l l i n o i s . 1/

Chicago NORTHWEST FUNDING, INC., Rockford, I l l i n o i s , extension of time to March 19, 1982, wi thin which to become a bank holding company through the acquisi t ion of 100 percent of the voting shares of Northwest Bank of Rockford, Rockford, I l l i n o i s . 1/

Chicago Old Kent Financial Corporation, Grand Rapids, Michigan, extension of time to May 3, 1982, wi thin which to acquire 100 percent of the voting shares of the successor by consolidation to National Bank and Trust Company of Traverse Ci ty , Traverse Ci ty , Michigan. Y]

Atlanta Sun Banks of Flor ida, Inc . , N.A., Orlando, Flor ida, extension of time to May 26, 1982, wi thin which to acquire Sun Bank/ Indian River, N.A., Vero Beach, Flor ida. 1

Dal las Texas Commerce Bancshares, Inc . , Houston, Texas, extension of time to Apri l 30, 1982, wi th in which to consummate the acquisi t ion of The Stone Fort National Bank of Nacogdoches, Nacogdoches, Texas. 1/

y Application processed on behalf of the Board of Governors under delegated author i ty .

i


H.2, 1982 No. 4 4 -

New York

San Francisco

Atlanta

Chicago

Richmond

Kansas City

Clevleand

St. Louis


Bank of New York, New York, New York, (1) extension of time to September 27, 1982, within which to establish a branch at 800 Route 17M, Monroe; (2) extension of time to February 2, 1983, within which to establish a branch in the v i c i n i t y of the intersect ion of Mi l lersport Highway and North Forest Road, Amherst; (3) extension of time to March 16, 1983, within which to establish a branch in the v i c i n i t y of Routes 22 and 312, Town of Southeast; and (4) extension of time to March 1, 1983, within which to establish a branch in the v i c i n i t y of the intersection of Anderson H i l l Road and Lincoln Avenue, Town of Harrison, New York. JJ

F i rs t Interstate Bank of Cal i forn ia , Los Angeles, Cal i fornia (1) extension of time to August 10, 1982, within which to establish a branch in the v i c i n i t y of the intersection of Guadalupe Parkway and Brokaw Road, San Jose; (2) ex-tension of time to January 25, 1983, within which to establish a branch in the v i c i n i t y of the intersection of the Santa Ana and San Diego Freeways, I rv ine; and (3) ex-tension of time to February 13, 1983, within which to establ ish a branch in the v i c i n i t y of the intersection of North Main Street and San Juan Grade Road, Salinas, Cal i forn ia . \J

Bank of New Orleans and Trust Company, New Orleans, Louisiana, an investment in bank premises. 1/

State Bank of Freeport, Freeport, I l l i n o i s , an in-vestment in bank premises. 1/

Deregistration of Pulaski Furniture Corporation, Pulaski, V i rg in ia . 1/

Farmers State Bank of Superior, Superior, Nebraska, to exercise f u l l t rus t powers. I f

DB Banking Co., Youngstown, Ohio, extension of time to June 3, 1982, within which to become a member of the Federal Reserve System. 1/

Bank of Mississippi, Tupelo, Mississippi, proposal to merge with Monroe Banking and Trust Company, Aberdeen, Mississippi; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

y Application processed on behalf of the Board of Governors under delegated author i ty .


. WdJ Xo. 4 - 5 -


Philadelphia Broad Street National Bank of Trenton, Trenton, New Jersey, proposal to merge with West Windsor State B*ink, Princeton Junction, New Jersey, under the charter and title of Broad Street National Bank itf Trenton; report to the Comptroller of the Currency on compel it ive factors. 1/

Francisco

Da Has

Dal las

St. Louis

San Francisco

San Francisco

Chicago

^ay Area Merger Company, Redwood City, California, proposed merger with Bay Area Bank, Redwood City, California, under the charter and title of the latter; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

Central Bank, Monroe, Louisiana, proposed merger with Desiard Bank, Monroe, Louisiana; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

City National Bank of Mineral Wells, Mineral Wells, Texas, proposed merger with First City Bank, Mineral Wells, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

Dubois County Bank, Jasper, Indiana, proposal to merge with the Main Street Bank, Ferdinand, Indiana; report to the Federal Deposit Insurance Corporation on competitive factors. If

Northwest Bank, Seattle, Washington, proposed acquisition of assets and assumption of liabilities of the Inglewood Village Branch of City Bank, Lynwood, Washington, under the charter and title of the former; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

Home Merger Company, Signal Hill, California, proposed merger with Home Bank, Signal Hill, California; report to the Federal Deposit Insurance Corporation on com-petitive factors. 1/

La Grange State Bank, La Grange, Illinois, proposed merger with LGS State Bank, La Grange, Illinois, under the charter of LGS State Bank and title of La Grange Bank & Trust Company; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

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


H.2, 1982 No. 4 - 7 -


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

Approved Boston The Connecticut Bank and Trust Company, Hartford, Connecticut.

To establ ish a branch at the Eastern Corner of Cold Spring Road and Cromwell Avenue, Rocky H i l l , Connecticut. IJ

New York Manufacturers Hanover and Trust Company, New York, New York. To establish a branch at 140 East 45th Street, New York, New York. J_/

Atlanta Sunset Commercial Bank, Miami, Flor ida. To establish a branch at 20119 South Federal Highway, Dade County, Flor ida. 1/

Chicago The Detroi t Bank and Trust Company, Det ro i t , Michigan. To establ ish an o f f s i t e electronic f a c i l i t y at Harper-Grace Hospital, 3990 John R., Det ro i t , Michigan. 1/

Chicago Bentonvil le State Bank, Bentonvi l ie, Indiana. To establish a branch at 505 West 30th Street, Connersvil le, Indiana. 1/

* * * * *

Kansas City

Kansas City

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

Not Disapproved Dean Holbien 8 Associates, Inc . , Hoi brook, Nebraska. \J

Labanco, Inc . , North Loup, Nebraska. 1/

\J Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 4 - 8 -


Application and Not i f icat ions for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as ammended

Approved New York The National Bank of Australasia Limited, Melbourne,

Aust r ia l ia : Entered into an agreement, that National Bank would l i m i t the deposit-taking ac t i v i t i e s of a branch loacated in Chicago, I l l i n o i s (outside of i t s home State of New York). \f

* * * * *

To Establish a U.S. Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act

Approved New York Consolidado International Bank, New York, New York:

grants consent to establ ish and operate a branch in New York, New York.

* * * * *

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

Withdrawn Chicago Unibank Corporation, Council B lu f f s , Iowa, for approval to

acquire at least 80 percent of the voting shares of F i rs t National Bank of Council B lu f f s , Council B lu f f , Iowa.

Approved Atlanta Banco de Colombia, S.A., Bogota, Colombia and Banco de

Colombia, S.A., Panama, Panama, for approval to acquire 93 percent of the voting shares of Eagle National Bank (formerly Central National Bank of Miami), Miami, Flor ida.

J7 Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 4


Atlanta Coffee County Bancshares, Inc . , Manchester, Tennessee, for approval to acquire at least 80 percent of the voting shares of Coffee County Bank, Manchester, Tennessee. 1/

Atlanta Leeds Bancgroup, Inc . , Leeds, Alabama, for approval to acquire at least 86.11 percent of the voting shares of The Citizens Bank of Leeds, Leeds, Alabama. JJ

Chicago Morris Bancorp, Inc . , Saint Charles, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of State Bank of St. Charles, Saint Charles, I l l i n o i s . 1/

Chicago Tonica Bancorp, Inc . , Tonica, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Tonica State Bank, Tonica, I l l i n o i s . JJ

Kansas City Kansas Unlimited Investments, Inc . , Pleasanton, Kansas, for approval to acquire at least 80 percent of the voting shares of Bank of Pleasanton, Pleasanton, Kansas. 1/

Kansas City Mason State Company, Mason C i ty , Nebraska, for approval acquire at least 80 percent of the voting shares of iiason State Bank, Mason C i t y , Nebraska. 1/

to

Kansas City

Dallas

San Francisco

San Francisco

Spiro Bancshares, Inc . , Spiro, Oklahoma, for approval to acquire 100 percent of the voting shares of Spiro State Bank, Spiro, Oklahoma. 1/

Bank, Ki lgore, Texas. 1/

Bancomer S.A., Mexico C i t y , Mexico; Bancomer Holding Company (Ant i l les ) N.V., Netherlands An t i l l es ; Bancomer Holding Company (Netherlands) B.V., The Netherlands; and Bancomer Holding Company, San Diego, Ca l i fo rn ia , fo r approval to acquire 100 percent of the voting shares of Grossmont Bank, La Mesa, Cal i forn ia.

WTB Corporation, Spokane, Washington, for approval to acquire 100 percent of the voting shares (less d i -rectors' qual i fy ing shares) of Washington Trust Bank, Spokane, Washington. 1/

1/ Application processed on behalf of the Board of Governors under delegated author i ty .

I


H.2, 1982 No. 4 - 10 -


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

Withdrawn Minneapolis Montana Bancsystem, Inc . , B i l l i ngs , Montana, for approval

to acquire at least 80 percent of the voting shares of F i rs t Security Bank of Harve, Harve, Montana. \J

Approved Cleveland F i rs t National Cincinnati Corporation, Cincinnat i , Ohio,

for approval to acquire 100 percent of the voting shares of the successor by merger to The Second National Bank of Hamilton, Hamilton, Ohio. 1/

Atlanta

Chicago

Chicago

Chicago

Dal las

Dal las

Mul t i -L ine, Inc . , Tampa, Flor ida, for approval to acquire an addit ional 10 percent of the voting shares of F i rs t Florida Banks, Inc . , Tampa, Flor ida. If

Banks of Iowa, Des Moines, Iowa, for approval to acquire at least 80 percent of the voting shares of The Avoca State Bank, Avoca, Iowa. 1/

Commercial National Corporation, Peoria, I l l i n o i s , for approval to acquire 100 percent (less d i rectors ' qua l i fy ing shares) of the successor by merger to University National Bank of Peoria, Peoria, I l l i n o i s . 1/

Commercial National Corporation, Peoria, I l l i n o i s , for approval to acquire 100 percent (less d i rectors ' qua l i fy ing shares) of the successor by merger to Prospect National Bank of Peoria, Peoria, I l l i n o i s . _1/

Republic of Texas Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares (less d i rec tors ' qual i fy ing shares) of RepublicBank Barton Creek, National Association, Austin, Texas, a proposed new bank. 1/

Southwest Bancshares, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Preston State Bank, Dallas, Texas. 1/

I / Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 Mo. 4 - 11 -


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

Approved New York Deutsche Bank Ag, Frankfurt , Federal Republic of Germany,

for approval to acquire, ind i rec t l y through i t s subsidiary, Daimler-Benz Ag, Stut tgar t , Federal Republic of Germany, the 95.1 percent of the outstanding voting shares that i t presently does not hold of Credit Acquisi t ion Corporation and i t s wholly-owned subsidiary, Fre ight l iner Credit Corporation, both of Portland, Oregon, and thereafter expand (a) the customer base of FCC to include customers of a l l of Daimler's a f f i l i a t e s located in the U.S. and (b) the a c t i v i t i e s of FCC to include leasing of personal property and acting as agent in connection wi th the sale of accident and physical damage insurance related to FCC's extensions of c red i t . _1/

San Peoples Ban Corporation, Seatt le, Washington, for approval Francisco to acquire 100 percent of the voting shares of Tellus

Financial Services, Inc . , Seatt le, Washington, a company that is engaged in the servicing of loans and extensions of cred i t including the servicing of contract col lect ions for the t ine-share industry. V

Delayed New York Chemical New York Corporation, New York, New York, requests

permission to establish de novo o f f ices engaging in the fol lowing a c t i v i t i e s ( in generating and servicing loans and other extensions of c red i t ; making or acquiring loans to customers; acquiring installment contracts from re ta i l sel lers covering the time sales of goods and related services; making or acquiring loans and other extensions of cred i t to businesses (including extensions of credi t secured by personal property lease contracts; making avai lable to i t s debtors cred i t l i f e , credi t accident and health, mortgage l i f e , mortgage d i s a b i l i t y , and prop-erty and casualty insurances, a l l d i rec t l y related to extensions of c red i t ; the service area of these of f ices w i l l be the States of Oklahoma and Arizona, respectively; c red i t l i f e and credit accident and health insurance provided by these of f ices in connection with the proposed a c t i v i t i e s w i l l be reinsured through Sun States L i fe and/ or Great Lakes Insurance Companies, ind i rect subsidiaries of Applicant) at 4431 NW 63rd Street, Oklahoma Ci ty , Oklahoma, through i t s subsidiary, Sunamerica Corporation (1/20/82) 3/

]_/ Application processed on behalf of the Board of Governors under delegated author i ty .

3/ 4(c)(8) no t i f i ca t i on processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 4 - 12 -


Chicago American Fletcher Corporation, Indianapolis, Indiana, n o t i f i -cation of intent to engage in de novo ac t i v i t i es (or ig inat ing and closing f i r s t mortgage loans, construction loans for commercial and mult i - fami ly resident ial propert ies, and placing long-term financing for commercial and mult i - fami ly income projects with ins t i tu t iona l investors) at 279 Deer Creek Boulevard, Deerfield Beach, Flor ida, serving the state of Flor ida, through i t s subsidiary, American Fletcher Mortgage Company, Inc . , (1/20/82) J3/

Permitted New York Barclays Bank Limited and Barclays Bank International

Limited, both of London, England, request permission to relocate exist ing of f ices of the i r subsidiaries, BarclaysAmerican/Financial, Inc . , BarclaysAmerican/ Mortgage, Inc. and BarclaysAmerican/Industrial Loan Company engaging in the fol lowing ac t i v i t i es ( i ) making di rect consumer loans, including loans secured by real estate and purchasing of sales finance contracts repre-senting extensions of credi t such as would be made or acquired by a consumer finance company and wholesale finance ( f loor planning) and ( i i ) acting as agent for the sale of related credi t l i f e , credi t accident and health and credi t property insurance; credi t l i f e and credi t accident and health insurance sold as agent may be underwritten or reinsured by BarclaysAmerican Cor-porations 's insurance underwriting subsidiaries) from Northwest Corner of Barber & Main Street, Cross Ci ty , Florida to 4416 Northwest 13th, Suite A2, Gainesvi l le, F lor ida, through the i r subsidiar ies, BarclaysAmerican/ Financial, Inc . , and BarclaysAmerica/Mortgage, Inc . ; from 367 W. Jefferson Avenue, P.O. Box 4472, Dallas, Texas, to 4018 A. West Camp Wisdom, Dallas, Texas, through a subsidiary, BarclaysAmerican/Financial, Inc. ; and from 113 Palouse Street, Wenatchee, Washington to 230 Grant Road, Suite B - l , East Wenatchee, Washington, through the i r subsidiar ies, BarclaysAmerican/Financial, Inc. and BarclaysAmerican/Industrial Loan Company (1/9/82) 3/

New York Chemical New York Corporation, New York, New York, requests permission to establish de novo of f ices engaging in the fol lowing ac t i v i t i es ( in generating and servicing loans and other extensions of c red i t ; making or acquiring loans to customers; acquiring installment contracts from re ta i l sel lers covering the time sales of goods and related services; making or acquiring loans and other extensions of credi t to businesses (including extensions of credi t secured by personal property lease contracts; making

3/ 4(c)(8) no t i f i ca t ion processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty .


H.2 1982 No. 4 - 13 -


available to i t s debtors credi t l i f e , credi t accident and health, mortgage l i f e , mortgage d i s a b i l i t y , and prop-erty and casualty insurances, a l l d i rec t l y related to extensions of c red i t ; the service area of these of f ices w i l l be the States of Oklaahoma and Arizona, respectively; credi t l i f e and credit accident and health insurance provided by these of f ices in connection with the proposed ac t i v i t i es w i l l be reinsured through Sun States Li fe and/or Great Lakes Insurance Companies, indi rect subsidiaries of Applicant) at 10640 North 28th Drive, Phoenix, Arizona, through i t s subsidiary, Sunamerica Corporation (1/22/82) 3/

New York C i t icorp , New York, New York, requests permission to estab-1ish a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (making or acquir ing, for i t s own account or for the ac-count of others, commercial loans and other extensions of c red i t ; and leasing personal or real property or acting as agent, broker, or advisor in leasing such property and ser-vicing such leases subject to a l l of the qual i f icat ions specif ied in 12 C.F.R. 225. 4(a)(6)(a) and (b) where the leases serve as the functional equivalent of an extension of credi t to the lessee of the property) at American Fi -nancial Center, Building #1, 2400 Louisiana Boulevard, N.E., Albuquerque, New Mexico, serving the States of Colorado, Utah and Wyoming, through i t s subsidiary, Ci t icorp Industr ial Credit , Inc. (1/22/82) 3/

New York C i t i corp , New York, New York, requests permission to estab-l i sh a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (leasing personal or real property or acting as agent, broker, or advisor in leasing such property and servicing such leases subject to a l l of the qual i f icat ions specified in 12 C.F.R. 225.4(a)(6)(a) and (b) where the leases serve as the functional equivalent of an extension of credi t to the lessee of the property) at 41 Perimeter Center East, N.E., At lanta, Georgia, serving the States of Georgia, South Carolina, Tennessee, Alabama, Mississippi and Eastern Arkansas, through i t s subsidiary, Cit icorp Industr ia l Credit , Inc. (1/22/82) 3/

New York National Westminster Bank Limited, London, England and Natwest Holdings Inc . , Wilmington, Delaware, request permission to engage in the fol lowing ac t i v i t i e s ( factor-ing of accounts receivable ar is ing out of U.S. domestic and international transactions; the acquisi t ion from other factors of receivables ar is ing pr imari ly from international transactions; the financing of accounts

3/ 4(c)(8) no t i f i ca t i on processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty.


H.2, 1982 No. 4 - 14 -


receivable and inventory by d i rec t loans, guarantees of l e t t e r s of c red i t and issuing other guarantees; unsecured loans pr imar i ly to factor ing c l i en t s ; and the f inancing of equipment for c l i en ts through the acquis i t ion of condit ional sales contract and d i rect leasing) the a c t i v i t i e s would be conducted from a pr inc ipa l o f f i c e in Bergen County, New Jersey and a sales o f f i c e in New York C i t y , New York, serving c l ien ts anywhere in the United States but pr imar i ly on the eastern seaboard, through the i r subsidiary, Natwest Commercial Services, Inc. (1/18/82) 3/

Philadelphia Provident National Corporation, Phi ladelphia, Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( in data processing a c t i v i t i e s , including the performance of t ransfer agency services in connection with an integrated f inanc ia l services program avai lable through cer ta in national brokerage f irms on a nationwide basis) at 105 Foulk Road, Wilmington, Delaware, serving a nationwide geographic area, through i t s subsidiary, Provident Financial Processing Cor-poration (1/17/82) 3/

Cleveland AmeriTrust Corporation, Cleveland, Ohio, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquir-ing and servic ing fo r i t s own account or for the account of others, loans and extensions of c red i t including com-mercial loans secured by a borrower's inventory, accounts receivable, making leases of personal property or act ing as agent, broker or advisor in leasing such property, and other extensions of c red i t such as would be made by a commercial finance company) at Three F i rs t National Plaza, Chicago, I l l i n o i s , serving the Chicago SMSA, through a subsidiary, AT Financial Corporation (1/22/82) 3/

Cleveland Mellon National Corporation, Pi t tsburgh, Pennsylvania, no-t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (underwri t ing, as re insurer , c red i t l i f e and cred i t acci-dent and health insurance through Mellon L i fe Insurance Company, Wilmington, Delaware, in connection with exten-sions of c red i t by Freedom Financial Services Corporation in the State of Louisiana at 2800 Hessmer Street , Meta i r i c , Louisiana (1/23/82) 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 delegated author i ty .


H.2, 1982 No. 4 - 1 5 -

ACTIOflS OF THE BOARD-Continued

Richmond Dominion Bankshares Corporation, Roanoke, V i rg in ia , n o t i f i -cation of intent to engage in de novo ac t i v i t i es (mortgage banking ac t i v i t i es of or ig inat ing res ident ia l , commercial, industr ia l and construction loans for i t s own account and for the sale to others, and servicing such loans for others, and wr i t ing credi t l i f e , credi t accident and health and mortgage redemption insurance in connection with such mortgage loans) at 2001 Augustine Avenue, Fredericksburg, V i rg in ia , serving the c i ty of Fredericksburg, Virg in ia and the counties of Culpeper, Spotsylvania, Staf ford, King George and Caroline, through i t s sub-s id ia ry , Dominion Bankshares Mortgage Corporation (1/23/82) 3/

Atlanta F ide l i t y Southern Corporation, Decatur, Georgia, no t i f i ca -t ion of intent to engage in de novo ac t i v i t i e s (or ig inat ing, for i t s own po r t fo l i o or for others, f i r s t and second mort-gage loans, servicing such mortgage loans, and acting as agent or broker for the sale of credi t l i f e , credi t acci-dent and health insurance d i rec t l y related to extensions of c red i t ) at 2255 Northlake Park, Tucker, Georgia, serving fourteen counties comprising the greater Atlanta metro-pol i tan area, through a subsidiary, Habersham Mortgage, Inc. (1/22/82) 3/

San BankAmerica Corporation, San Francisco, Cal i forn ia , no t i -Francisco f i ca t ion of intent to engage in de novo ac t i v i t i es

(underwriter, i n i t i a l l y as reinsurer, to the extent permitted by relevant state law for credit related l i f e insurance and credi t related accident and health insur-ance which is d i rec t l y related to extensions of credit by BankAmerica Corporation and i t s nonbank subsidiaries) at 433 Cal i fornia Street, San Francisco, Cal i forn ia, serving the States of Missouri, North Dakota and Wisconsin, through i t s indi rect subsidiary, BA Insur-ance Company, Inc. (a Cal i fornia Corporation) (1/17/82) 3/

San Moore Financial Group Incorporated, Boise, Idaho, n o t i f i -Francisco cation of intent to engage in de novo ac t i v i t i es (making

or acquiring commercial loans or s imi lar extensions of c red i t ; servicing loans and other extensions of credit for any person; and the making of leases of real and personal property, or acting as agent, broker or advisor in the leasing of such property in accordance with Sections 225.4(a)(1); 225.4(a)(3); 225.4(a)(6)(a); 225.4(a)(6)(b) of Regulation Y) at Idaho First Plaza,

3/ 4(c)(8) no t i f i ca t i on processed by Reserve Bank of behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 4 1 6


101 South Capital Boulevard, Boise, Idaho, the geographic marketing area to be served w i l l include the States of Washington, Oregon, Nevada, Utah, Colorado, Wyoming, Montana and Idaho, through i t s wholly-owned subsidiary, Moore Corporate Financial Services Incorporated (1/18/82) 3/

San U.S. Bancorp, Portland, Oregon, no t i f i ca t ion of intent to Francisco engage in de novo ac t i v i t i e s (making, acquiring and ser-

vicing of Toans and other extensions of c red i t , e i ther secured or unsecured, for i t s own account or for the account of others including, but not l imi ted to , com-mercial , rediscount, installment sales contracts and other forms of receivables and leasing of personal property and equipment in conformance with the provisions of Section 225.4(a)(1), (3) and (6)(a) of Regulation Y; and acting as insurance agent with regard to credit l i f e and d i sab i l i t y insurance, property and casualty insurance solely in connection with extensions of cred i t by Bancorp Financial in conformance with the provisions of Section 225.4(a)(9)( i ) of Regulation Y) at Howe and Hurley Off ice Park at the Junction of Howe Avenue and Hurley Way in Sacramento, Cal i forn ia, the geographic area to be served by the proposed o f f i ce w i l l be the Central Valley area which is 150 mile radius surrounding and including Sacramento, through i t s subsidiary, U.S. Bancorp Financial, Inc. (1/18/82) 3/

3/ 4(c)(8) no t i f i ca t i on processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 4

New York

New York

Atlanta

Chicago

Chicago

San Franc LSCO

- 1 7 -

APPLICATIONS RECEIVED

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

The Bank of New York, New York, New York. To establish an offsite electronic facility at Wegman's Food Market, Inc., 350 Orchard Park Road, (Unicorporated Area) Town of West Seneca, Erie County, New York. 2/

The Bank of New York, New York, New York. To establish an offsite electronic facility at Wegman1s Food Market, Inc., 651 Dick Road, (Unicorporated Area) Town of Cheektowaga, Erie County, New York. 2/

Exchange Bank & Trust Company of Florida, Tampa, Florida. To establish a branch at the intersection of West Piatt Street and Hyde Park Avenue, Tampa, Florida. 2/

Farmers State Bank of Alpha, Alpha, Illinois. To establish a branch facility at the intersection of Illinois Rt. 17 and 5th Street in New Windsor, Illinois. 2/

Warren Bank, Warren, Michigan. To establish a branch at 23130 Dequindre Road, Warren, Michigan. 2/

First Interstate Bank of California, Los Angeles, California. A branch office in the vicinity of the intersection of Ball Road and Valley View Street, City of Cypress, Orange County, California. 2/

* * * * *

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

Philadelphia The Philadelphia Bank (Delaware) Wilmington, Delaware. 2/

Richmond Piedmont Bank and Trust Company, Davidson, North Carolina. 2/

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


H. 2, 1982 No. 4 - 1 8 -

APPLICATIONS RECEIVED-Cont inued

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

Chicago Continental Illinois Corporation, Chicago, Illinois: prior notification of its intent to make an additional invest-ment in its subsidiary, Continental Illinois Overseas Finance Corporation N.V.

San Banque Nationale de Paris, Paris, France: requests consent Francisco to establish an Edge Act Corporation in'Houston, Texas to

be named BNP International Corp.

San The Ka Wah Bank, Limited, Hong Kong: request to enter an Francisco agreement with the Federal Reserve System that its Los

Angeles, California, branch would receive only such deposits as would be permissible under Section 5(a) of the International Banking Act.

* * * * *

To Establish a U.S. Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act

New York Chase Manhattan International, Newark, Delaware: prior approval to establish de novo branches in Atlanta, Georgia and San Francisco, California.

* * * * *

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

Richmond Union Bancorp of West Virginia, Inc., Clarksburg, West Virginia, for approval to acquire 100 percent of the voting shares of Union National Bank of West Virginia, Clarksburg, West Virginia, the successor by merger to The Union National Bank of Clarksburg, Clarksburg, West Virginia. 2/

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

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

H.2, 1982 No. 4 - 19

APPLICATIONS RECEIVED-Conitued

Atlanta A.B.T. Corp., Savannah, Georgia, for approval to acquire 100 percent of the voting shares of At lant ic Bank and Trust Company, Savannah, Georgia. 2/

Atlanta Andrew Johnson Bancshares, Inc . , Greeneville, Tennessee, for approval to acquire at least 81.9 percent of the voting shares of Andrew Johnson Bank, Greeneville, Tennessee. 2/

Atlanta Community Bancshares, Inc . , Dothan, Alabama, for approval to acquire at least 80 percent of the voting shares of Bank of Dothan, Dothan, Alabama. 2/

Chicago CBC Bancorp, L td . , Chicago, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Capitol Bank and Trust of Chicago, Chicago, I l l i n o i s . 2]

Chicago Merchants Corporation, Chicago, I l l i n o i s , for approval to acquire at least 78.2 percent of the voting shares of Merchants and Manufacturers State Bank, Melrose Park, I l l i n o i s . 2/

Chicago Morgan County Bancorp, Mooresvil le, Indiana, for approval to acquire 100 per cent of the voting shares (less d i -rectors' qual i fy ing shares) of the successor by merger to The Morgan County Bank and Trust Company, Eminence, Indiana. 2/

St. Louis Bay-Hermann Bancshares, Inc . , Hermann, Missouri, for ap-proval to acquire at least 80 percent of the voting shares of Bay-Hermann Bank, Hermann, Missouri. 2/

St. Louis DCB Corporation, Jasper, Indiana, for approval to acquire 100 percent of the voting shares (less d i rectors ' qual-i f y i ng shares) of the successor by merger to Dubois County Bank, Jasper, Indiana. 2/

St. Louis Terre Du Lac Bancshares, Inc. , Chesterf ield, Missouri, for approval to acquire 100 percent of the voting shares of Bankl of Leadwod, Leadwood, Missouri. 2/

Minneapolis TRAXSHARES, INC., LeCenter, Minnesota, for approval to acquire at least 80.5 percent of the voting shares of The F i rs t National Bank of LeCenter, LeCenter, Minnesota. 2/

Minneapolis Western Holding Company of Wolf Point, Wolf Point, Montana, fo r approval to acquire 100 percent of the voting shares of Western National Bank of Wolf Point, Wolf Point, Montana. 2/

2/ Application subject to Community Reinvestment Act. The Community Af fa i rs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1982 No. 4 - 2 0 -

APPLICATIONS RECEIVED-Cont inued

Kansas City

Kansas City

Kansas City

Dallas

Dal las

Dallas

San Francisco

San Franc isco

Carter Bancshares, Inc., Carter, Oklahoma, for approval to acquire at least 80 percent of the voting shares of The First National Bank of Carter, Carter, Oklahoma. 2/

First Carrollton Bancshares, Inc., Carrollton, Missouri, for approval to acquire at least 50.01 percent of the voting shares of First National Bank of Carrollton, Carrollton, Missouri, a proposed new bank. 2/

LeweIlen National Corp., Lewellen, Nebraska, for approval to acquire at least 80 percent of the voting shares of First National Bank of Lewellen, Lewellen, Nebraska 2/

Earners and Savers Bancorporation, Galena Park, Texas, for approval to acquire 100 percent of the voting share of Galena Park State Bank, Galena Park, Texas. 2/

Lubbock Bancorporation, Inc., Lubbock, Texas, for approval to acquire 90 percent or more of the voting shares of Bank of the West, Lubbock, Texas. 2/

RLG Bancshares N.V., Houston, Texas, for approval to acquire 100 percent of the voting shares of First Western Banc-shares, Inc., Houston, Texas. 2/

Washington Community Bancshares, Inc., Tacoma, Washington, for approval to acquire 100 percent of the voting shares of Western Community Bank, National Association, Tacoma, Washington, the successor by merger to Western Community Bank, Tacoma, Washington. 2/

Western National Bancorp, Santa Ana, California, for approval to acquire 80 percent or more of the voting shares of Western National Bank, Santa Ana, California. 2/

* * * * *

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

Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, for approval to acquire 100 percent of the voting shares (less directors' qualifying shares) of The Philadelphia Bank (Delaware), Wilmington, Delaware, a proposed new bank. 2/

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

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

H.2, 1982 No. 4 - 21 -

APPLICATIONS RECEIVED-Continued

Dallas Mercantile Texas Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares (less d i -rectors' qual i fy ing shares) of Southwest Bank, Mesquite, Texas. 2/

Dallas Republic of Texas Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares of The Lubbock National Bank, Lubbock, Texas. 2/

* * * * *

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

New York C i t icorp , New York, New York, requests permission to expand the ac t i v i t i e s of an exist ing o f f i ce engaging in (the making of loans to individuals and businesses to finance the purchase of mobile homes, modular units or related manufactured housing, together with the real property to which such housing is or w i l l be permanently a f f ixed, such property being used as security for the loans) at 1425 West Pioneer, Suite 255, I rv ing , Texas, th is ac t i v i t y w i l l serve the ent i re State of Texas, through i t s subsidiary, Ci t icorp Acceptance Company, Inc. (1/20/82)

New York C i t icorp , New York, New York, requests permission to expand the ac t i v i t i es of an exist ing o f f i ce engaging in (the making of loans to individuals and businesses to finance the purchase of mobile homes, modular units or related manufactured housing, together with the real property to which such housing is or w i l l be permanently a f f ixed, such property being used as security for the loans) at 4630 50th Street, Lubbock Square Off ice Tower, Suite 406, Lubbock, Texas, th i s ac t i v i t y w i l l serve the ent i re State of Texas, through i t s subsidiary, Ci t icorp Acceptance Company, Inc. (1/20/82)

New York C i t icorp , New York, New York, requests permission to expand the ac t i v i t i e s and service area of an exist ing o f f i ce engaging in (the making, acquiring and servicing of second l iens on resident ia l real estate; and the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e

2/ Application subject to Community Reinvestment Act. The Community A f fa i rs Off icer of the applicable Reserve Bank may be contacted as to the length of of the comment period.

I


H.2, 1982 No. 4 - 2 2 -


insurance by licensed agents or brokers, as required; the new a c t i v i t i e s in which the o f f i ce proposes to engage de novo are: the making or acquiring of loans and other ex-tension of c red i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory ( f loor planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of consumer oriented f inancial management courses; and the servicing, for any person, of loans and other extensions of c red i t ; the previously approved service area of the o f f i ce is comprised of the ent i re State of Ohio for a l l previously approved a c t i v i t i e s ; the service area for a l l aforementioned previously approved and proposed ac t i v i t i es would be expanded to include the ent i re States of Ohio and Indiana; credi t related l i f e , accident and health insurance may be wr i t ten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of Cit icorp Person-to-Person Mortgage Corporation) at Executive Plaza I , 144 Merchant Street, Springdale, Ohio, through i t s subsidiary, Cit icorp Person-to-Person Mortgage Corporation (1/20/82)

New York C i t icorp , New York, New York, requests permission to expand the ac t i v i t i es and service area of an exist ing o f f i ce engaging in (the making, acquiring and servicing of second l iens on residential real estate; and the sale of credit related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the new ac t i v i t i es in which the o f f i ce proposes to engage de novo are: the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers fo r the financing of inventory ( f loor planning) and work-ing capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of consumer oriented f inancial management courses; and the servicing, for any person, of loans and other exten-sions of c red i t ; the previously approved service area of the o f f i ce is comprised of the ent i re State of Ohio for a l l previously approved a c t i v i t i e s ; the service area for a l l aforementioned previously approved and proposed ac t i v i t i es would be expanded to include the the ent ire States of Ohio and Indiana; credi t related l i f e , accident and health insurance may be wr i t ten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of Cit icorp Person-to-Person Mortgage Corporation) at Rockside Office Plaza Bui ld ing, Suite 105, 1440 Snow Road, Parma, Ohio, through i t s subsidiary, Cit icorp Person-to-Person Mortgage Corporation (1/20/82)


H.2, 1982 No. 4 - 2 3 -


New York Ci t icorp , New York, New York, requests permission to expand the ac t i v i t i es of an exist ing o f f i ce engaging in (the mak-ing of loans to individuals and businesses to finance the purchase of mobile homes, modular units or related manu-factured housing, together with the real property to which such housing is or w i l l be permanently a f f ixed, such prop-erty being used as security for loans) at 12400 1-45, Greens Road, Suite 209, Houston, Texas, these ac t i v i t i es w i l l serve the ent i re State of Texas, through i t s subsidiary, Cit icorp Acceptance Company, Inc.- (1/19/82)

New York Ci t icorp , New York, New York, requests permission to expand the ac t i v i t i es of an exist ing o f f i ce engaging in (the sale of credi t related property and casualty insurance protecting real and personal property subject to a security agreement with Ci t icorp Person-to-Person Financial Center, Inc. to the extent permissible under applicable State insurance laws and regulations) at 3033 South Parker Road, Aurora, Colorado, the proposed service area for th is ac t i v i t y is the ent i re State of Colorado, through i t s subsidiary, Ci t icorp Person-to-Person Financial Center, Inc. (1/19/82)

New York Ci t icorp, New York, New York, requests permission to expand the ac t i v i t i es of an exist ing o f f i ce engaging in (the mak-ing of loans to individuals and businesses to finance the purchase of mobile homes, modular units or related manu-factured housing, together with the real property to which such housing is or w i l l be permanently a f f ixed, such property being used as security for the loans) at 4370 West 109th Street, 300 Pennsylvania National Building, Suite 300, Overland Park, Kansas, th i s ac t i v i t y w i l l service the ent i re State of Kansas, through i t s subsidiary, Cit icorp Acceptance Company, Inc. (1/19/82)

New York C i t icorp , New York, New York, requests permission to expand the ac t i v i t i e s and service area of an exist ing o f f i ce en-gaging in (the making or acquiring of loans and other ex-tensions of c red i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory ( f loor planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agent or brokers, as required; the sale of credi t related property and casualty insurance protecting real and per-sonal property subject to a security agreement with Ci t icorp Acceptance Company, Inc . , to the extent per-missible under applicable State insurance laws and regula-


H.2, 1982 No. 4 - 24 -


t ions; and the servicing, for any person, of loans, and other extensions of c red i t ; the new ac t i v i t y in which the o f f i ce proposes to engage de novo i s : the making of loans to individuals and businesses to finance the purchase of mobile homes, modular units or related manufactured hous-ing, together with the real property to which such housing is or w i l l be permanentl a f f ixed, such property being used as security for the loans) at 999 Plaza Drive, Woodfield Plaza, Suite 520, Schaumberg, I l l i n o i s , the proposed service area for a l l previously approved and proposed a c t i v i t i e s , with the exception of the sale of credi t related property and casualty insurance, shall be comprised of the fol lowing States: I l l i n o i s , Iowa, Minnesota and Wisconsin, through i t s subsidiary, Cit icorp Acceptance Company, Inc. (1/19/82)

New York C i t i corp , New York, New York requests permission to expand the service areas of an o f f i ce of each of two subsidiaries, Cit icorp Person-to-Person Mortgage Corporation ("CPMC") and Cit icorp Person-to-Person Financial Center, Inc. ("CPFC") engaging in the fol lowing a c t i v i t i e s (the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory ( f loor planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of credi t re-lated property and casualty insurance protecting real and personal property subject to a security agreement with e i ther CPMC or CPFC to the extent permissible under applicable State insurance laws and regulations; the sale of consumer oriented f inancial management courses; servicing, fo r any person, of loans and other extensions of c red i t ; the proposed expanded service area of the o f f i ce would be comprised of the ent i re State of Ohio for a l l the aforementioned a c t i v i t i e s ; credi t related l i f e , accident and health insurance may be wr i t ten by Family Guardian Li fe Insurance Company, an a f f i i l a t e of CPMC and CPFC) at 2003 Morse Road, Columbus, Ohio, through i t s subsidiaries, Cit icorp Person-to-Person Mortgage Corporation and Ci t icorp Peson-to-Person Financial Center, Inc. (1/19/82)


H.2, 1982 No. 4 25 -


New York Deutsche Bank AG, Frankfurt (Main), Federal Republic of Germany, for approval to acquire 50 percent of the voting shares of Fiat Credit Services, Inc . , Bannockburn, I l l i n o i s and to expand the f inancing, leasing and insurance of the Company.

Philadelphia Philadelphia National Corporation, Philadelphia, Penn-sylvania, no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s (the so l i c i t a t i on and making of loans secured by accounts receivable, inventory, machinery and equip-ment and/or other commercial finance col la tera l from and to businesses and corporations located in the States of New York, Ohio and Pennsylvania) at 2430 Bowen Road, Elma, New York, through i t s indi rect subsidiary, Congress Financial Corporation (a Cal i fornia Corporation) (1/15/82)

Philadelphia Philadelphia National Corporation, Philadelphia, Penn-sylvania, no t i f i ca t ion of intent to engage in de novo a c t i v i t i e s (the or ig inat ion of FHA, VA and conventional resident ial mortgage loans) at 4 Kings Highway East, Haddonfield, New Jersey and 76 Prospect Street, Newark, New Jersey, through i t s subsidiary, Colonial Mortgage Service Company Associates, Inc. (a Pennsylvania Corpora-t ion) (1/15/82)

Chicago Continental I l l i n o i s Corporation, Chicago, I l l i n o i s , n o t i f i -cation of intent to engage in de novo ac t i v i t i e s (making or acquiring, fo r i t s own account or for the account of others, secured and unsecured loans and other extensions of credi t to or for business, governmental and other customers, and servicing such loans and other extensions of c red i t ) in Los Angeles, Cal i forn ia , the area to be served is the State of Cal i fo rn ia , through i t s wholly-owned subsidiary, Continental I l l i n o i s Commercial Corporation (1/14/82)

Chicago Walter E. Heller International Corporation, Chicago, I l l i n o i s , no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (mak-ing real estate mortgages pr imari ly for industr ia l and com-mercial construv con) at 7951 East Maplewood, Englewood, Colorado, the geographic area to be served w i l l be the State of Colorado, Arkansas, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Texas, Utah and Wyoming, through i t s wholly-owned subsidiary, Walter E. Heller & Company, Real Estate Mortgage Division (1/8/82)

I


H.2, 1982 No. 4 26 -


Minneapolis

Kansas City

Kansas City

Kansas City

Kansas City

F i rs t Bank System, Inc . , Minneapolis, Minnesota, no t i f i ca -t ion of intent to engage i n d e novo a c t i v i t i e s (mortgage banking business including tHe brokering, or ig inat ion, purchase, sale and servicing of real estate mortgage loans) at International Bank Bui lding, 1650 South Colorado Street , Denver, Colorado, in the metropolitan area of Denver, Colorado, through i t s subsidiary, FBS Mortgage Corporation (1/21/82)

Citizens National Corporation, Wisner, Nebraska, for ap-proval to acquire 100 percent of the voting shares of Chandler Leasing, Inc . , Omaha, Nebraska.

The F i rs t National Bancorporation, Inc . , Denver, Colorado, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es ( in providing data processing confirmation services and reports, including technical assistance on interpret ing and using the confirmation reports to correspondent banks and savings and loans associations of i t s subsidiary bank, The F i rs t National Bank of Denver, Denver, Colorado) the geographic area to be served includes the State of Colorado and Albany County in Wyoming (1/22/82)

Lewellen National Corp., Lewellen, Nebraska, for approval to engage in a general insurance agency presently operated by C-J Insurance Agency, Lewellen, Nebraska.

Met-State Corporation, Brighton, Colorado, for approval to acquire 100 percent of the voting shares of Metropolitan State Industr ia l Bank, Commerce Ci ty , Colorado and to have th i s subsidiary operate as an industr ia l bank and se l l insurance that is d i rec t l y related to an extension of c red i t .

REPORTS RECEIVED

Current Report Fi led Pursuant to Section 13 of the Securit ies Exchange Act

The Roscommon State Bank, Roscommon, Michigan.


H.2, 1982 No. 4 - 2 7 -

APPLICATIONS HECEIVED-Cont inued

PETITIONS FOR RULEMAKING

None.
