h2_19820220.pdf

ANNOUNCEMENT BY

APPLICABLE RESERVE BANK

Chicago

Chicago

Chicago

Philadelphia

Dal las

New York

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.Z, 1982 No. 8)

Actions of the Board; Appl icat ions and Reports

Received During the Week Ending February 20, 1982

ACTIONS OF THE BOARD

Let ter to the Commodity Futures Trading Commission regarding the question of applying margin requirements to the Kansas Ci ty Board of Trade futures contract .

Central I l l i n o i s Banc Shares, I nc . , Spr ing f ie ld , I l l i n o i s , extension of t i n e to May 28, 1982, w i th in which to become a bank holding company through acquis i t ion of 100 percent of the vot ing shares of the successor by merger to Capitol Bank 2 Trust Company of Spr ing f ie ld , Spr ing f ie ld , I I l i no is . V

Cit izens Bancshares Corporation, Bedford, Indiana, extension of tine to June 22, 1982, w i th in which to become a bank holding company through the acquis i t ion of Cit izens National Bank of Bedford, Bedford, Indiana. \J

CNB Bancorp, I nc . , Decatur, I l l i n o i s , extension of time to February 28, 1982, w i th in which to become a bank holding company through acquisition of 100 percent of the voting shares of the successor by merger to The Cit izens National Bank of Decatur, Decatur, I l l i n o i s . 1/

Commonwealth National Financial Bancorporation, Harrisburg, Pennsylvania, extension of time to May 16, 1982, w i th in which to become a bank holding company through the acqu is i t ion of Commonwealth National Bank, Harrisburg, Pennsylvania. 1/

Exchange Bancshares, Inc. , Natchitoches, Louisiana, extension of time to June 17, 1982, within which to acquire Exchange Bank and Trust Company, Natchitoches, Louisiana. JV

F i r s t National State Bancorporation, Newark, New Jersey, ex-tension of time to May 2, 1982, w i th in which to acquire the successor by merger to the Broadway National Bank of Bayonne, Bayonne, New Jersey. 1/

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

I

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

H.2, 1982 No. 8 - 2 -

ACTIONS OF THE BOARD-Continued

Chicago HANCOCK BANCSHARES CORPORATION, Greenfield, Indiana, ex-tension of time to May 20, 1982, wi thin which to beeone a bank holding company through acquisi t ion of 100 percent of the voting shares of the successor by merger to Hancock Bank & Trust, Greenfield, Indiana. \J

Dallas Plains Corporation, Lubbock, Texas, extension of time to May 17, 1982, wi th in which to acquire The Plains National Bank of Lubbock, Lubbock, Texas. \ j

Atlanta Third National Corporation, Nashvi l le, Tennessee, extension of time to May 21, 1982, wi th in which to establish an o f f i ce of Third National Mortgage Company in Jackson, Tennessee, and engage in mortgage-related a c t i v i t i e s . l_/

Dallas Inter locking di rectorates, request for permission for Mr. Gayle L. Schroder to maintain a management interlock between the F i rs t American Bank & Trust of Baytown, Baytown, Texas, and the newly established Citizens Bank & Trust, Baytown, Texas. \ j

Chicago Citizens F i rs t State Bank of Walnut, Walnut, I l l i n o i s , an investment in bank premises. \ j

Philadelphia Amerasia Bank, Philadelphia, Pennsylvania, extension of time to September 6, 1982, wi th in which to open the bank and to become a member of the Federal Reserve System. \J

Kansas City Security Bank of Glenrock, Glenrock, Wyoming, a proposed new bank, extension of time to May 17, 1982, wi thin which to accomplish membership in the Federal Reserve System, j y

Atlanta At lant ic National Bank of Flor ida, Jacksonvi l le, Flor ida, proposed merger with Imperial Bank of Lakeland, Lakeland, Flor ida; report to the Comptroller of the Currency on competitive factors. If

Richmond Charleston Bank, National Association, Charleston, West Virginia (a proposed new bank), proposed merger with the Charleston National Bank, Charleston, West Vi rg in ia; report to the Comptroller of the Currency on competitive factors, 1/

Atlanta E l l i s F i rs t National Bank of New Port Richey, Flor ida, proposed merger with E l l i s Security Bank, New Port Richey, Flor ida; report to the Comptroller of the Currency on competitive factors. 1/

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


H.2, 1982 No. 8 3 -


Philadelphia F i rs t Eastern Bank, N.A., Wilkes-Barre, Pennsylvania, proposed merger with F i rs t Eastern Interim Bank, Wilkes-Barre, Pennsylvania, under the charter and t i t l e of the former; report to the Comptroller of the Currency on competitive factors, 1/

Richmond Fi rs t National Exchange Bank of V i rg in ia , Roanoke County, V i rg in ia , proposed merger with Southwest Virginia National Bank, Bluef ie ld, V i rg in ia ; report to the Comptroller of the Currency on competitive factors. J7

Atlanta Flagship F i rs t National Bank of Boynton Beach, Boynton Beach, Flor ida, proposed merger with Flagship Bank of West Palm Beach, West Palm Beach, Flor ida; report to the Comptroller of the Currency on competitive factors, J7

Chicago MNN National Bank, Ni les, I l l i n o i s , application for pr ior approval to merge with Madison National Bank of Niles, Niles, I l l i n o i s , under the cha r te ro f MNN National Bank and t i t l e of Madison National Bank of Ni les; report to the Comptroller of Currency on competitive factors. I /

New Bank, La Mesa, Cal i fo rn ia , proposed merger with Grossmont Bank, La Mesa, Cal i forn ia , under charter and t i t l e of the l a t t e r ; report to the Federal Deposit Insurance Corporation on competitive factors. J7

Second Bank of Roscoe, Roscoe, I l l i n o i s , application for pr ior approval to merge with F i rs t Bank of Roscoe, Roscoe, I l l i n o i s under the charter of Second Bank of Roscoe and t i t l e of F i rs t Bank of Roscoe, Roscoe, I l l i n o i s ; report to the Federal Deposit Insurance Corporation on competitive factors. \ j

Chicago Second National Bank, Aurora, I l l i n o i s , application for pr ior approval to merge with The Old Second National Bank of Aurora, I l l i n o i s , under the charter of Second National Bank and t i t l e of The Old Second National Bank of Aurora, I l l i n o i s ; report to the Comptroller of the Currency on competitive factors. 1/

Chicago Second National Bank of Canton, Canton, I l l i n o i s , application for pr ior approval to merge with The National Bank of Canton Canton, I l l i n o i s , under the charter of The Second National Bank of Canton, Canton, I l l i n o i s , and t i t l e of The National Bank of Canton; report to the Comptroller of the Currency on competitive factors. \J

San Francisco

Chicago

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

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

H.2, 1982 No. 8


Chicago

San Francisco

Atlanta

Dal las

Atlanta

Philadelphia

Dal las

SECOND NATIONAL CORPORATION, Richmond, Indiana, extension of time to Apr i l 29, 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 Second National Bank of Richmond, Richmond, Indiana. 1/

SGV Merger Company, El Monte, Cal i forn ia , proposed merger with San Gabriel Valley Bank, El Monte, Ca l i fo rn ia , under the charter and t i t l e of the l a t t e r ; report to the Federal Deposit Insurance Corporation on competitive factors. \J

Sun Bank of Volusia County, Daytona Beach, Flor ida, proposed merger with Coronado Beach Bank, New Smyrna Beach, Flor ida; report to the Federal Deposit Insurance Corporation on competitive factors. \J

Town North National Bank, Longview, Texas, proposed merger with New Town North Bank, Longview, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

United American Bank in Hamilton County, Chattanooga, Tennessee, proposed merger with City Bank and Trust, East Ridge, Tennessee; report to the Federal Deposit Insurance Corporation on competitive factors. \J

Washington Bank, Turnersvi l le , New Jersey, proposed merger with and into the F i rs t Jersey National Bank/Delaware Valley, Turnersv i l ie , New Jersey, under the t i t l e and charter of the l a t t e r ; report to the Comptroller of the Currency on competitive factors. \J

Wimberley Bank, Wimberley, Texas, proposed merger with The New Wimberley Bank, Wimberley, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

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


H.2, 1982 No. 8

Cleveland

Chicago

Dallas

San Francisco


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

Approved The American Bank, Port Cl inton, Ohio. To establish a

branch at Delaware Avenue, Put-In-Bay, Ottawa County, Ohio. V

Citizens F i rs t State Bank of Walnut, Walnut, I l l i n o i s . To establ ish a branch in Lot 13, Block 3, Vil lage of Ohio, Bureau County, I l l i n o i s . 1/

F i r s t City Bank of Corpus Chr i s t i , Corpus Chr i s t i , Texas. To establ ish and use an o f f s i t e electronic f a c i l i t y located at 4101 South Padre Island Drive, Corpus Ch r i s t i , Texas. JV

F i rs t Interstate Bank of Ca l i fo rn ia , Los Angeles, Cal i forn ia . To establish a branch o f f i ce in the v i c i n i t y of the intersect ion of Ball Road and Valley View Street, City of Cypress, Orange County, Cal i forn ia. JJ

* * * * *

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

Approved Cleveland The FTB F i f t h Bank, Russe l lv i l le , Ohio. 1/

Cleveland The Interim Dime Bank of Marietta, Marietta, Ohio. \J

Atlanta Great American Bank of Tampa, Tampa, Flor ida. JV

* * * * *

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

Cleveland The FTB F i f t h Bank, Russe l lv i l le , Ohio, to merge with The Bank of Russe l lv i l le , Russe l lv i l le , Ohio. \J

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


H.2, 1982 No. 8 - 6 -


Atlanta Great American Bank of Tampa, Tampa, Flor ida, to acquire certain assets and assume substant ial ly a l l of the l i a b i l i t i e s of Metropolitan Bank and Trust Company, Tampa, Flor ida. 1/

* * * * *

Applications 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 amended

Approved New York Girard International Bank, New York, New York: grants

consent to purchase and hold, d i rec t l y or i nd i rec t l y , 100 percent of the shares of Girard Asia, L td . , Hong Kong, B.C.C.

Chicago F i rs t Wisconsin Corporation, Milwaukee, Wisconsin: grants permission to the F i rs t Wisconsin National Bank of Milwaukee to establish a confirming house subsidiary. (2/10/82) V

Sixty Day Not i f i ca t ion Period Allowed to Expire New York Morgan Guaranty International Finance Cororation, New York,

New York: no objection make an additional pro-rata investment in Banco Morgan Finansa, Santiago, Chile

* * * * *

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

Approved New York Girard International Bank, New York, New York: to establish

and operate a branch in Miami, Flor ida.

^ / " A p p l i c a t i o n processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 8 - 7 -

ACTIONS OF THE BOARP-Continued

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

Approved Boston Broadway Capital Corp., Chelsea, Massachusetts, for approval

to acquire at least 80 percent of the voting shares of The Broadway National Bank of Chelsea, Chelsea, Massachusetts. 1/

Phi ladelphia Central Counties Bancorp., I nc . , State College, Pennsylvania, fo r approval to acquire 100 percent of the voting shares of Central Counties Bank, State College, Pennsylvania. _!/

Cleveland Southwest National Corporation, Greensburg, Pennsylvania, for approval to acquire 100 percent of the voting shares of Southwest National Bank of Pennsylvania, Greensburg, Pennsylvania. \J

Atlanta Great Guaranty Bancshares, I nc . , New Roads, Louisiana, fo r approval to acquire at least 80 percent of the voting shares of Guaranty Bank and Trust Company, New Roads, Louisiana. 1/

Chicago F 8 M Financial Services Corporation, Menomonee Fa l l s , Wisconsin, fo r approval to acquire at least 80 percent of the voting shares of Farmers & Merchants Bank, Menomonee Fa l l s , Wisconsin. 1/

Chicago Merchants Bancorp, I nc . , Aurora, I l l i n o i s , fo r approval to acquire 100 percent of the voting shares (less d i rec tors ' qua l i f y ing shares) of the successor by merger to The Merchants National Bank of Aurora, Aurora, I l l i n o i s . 1/

Chicago Southwest Financial Corporation, Evergreen Park, I l l i n o i s , fo r approval to acquire 100 percent of the voting shares (less d i rec to rs ' qua l i f y ing shares) of the successor by merger to Evergreen Plaza Bank, Evergreen Park, I l l i n o i s . 1/

Chicago Wabash Valley Bancorporation, I nc . , Peru, Indiana, fo r approval to acquire 100 percent of the voting shares of the successor by merger to Wabash Valley Bank and Trust Company, Peru, Indiana. \ j

Minneapolis Crookston Financial Services, I nc . , Crookston, Minnesota, for approval to acquire at least 80 percent of the voting shares of Crookston National Bank, Crookston, Minnesota. \J

Minneapolis Minto Bancorporation, Inc . , Minto, North Dakota, for approval to acquire 99.5 percent of the voting shares of Bank of Minto, Minto North, Dakota. 1/

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


H.2, 1982 No. 8


Minneapolis Wells-Foster Bankshares, Inc . , Carrington, North Dakota, for approval to acquire at least 97.75 percent of the voting shares of Farmers State Bank, Carrington, North Dakota. _!/

Kansas City Woodriver Banco, Inc . , Oconto, Nebraska, for approval to acquire 100 percent of the voting shares of Farmers Bank, Oconto, Nebraska. 1/

Dallas F i rs t Texas Financial Corporation, Dallas, Texas, for approval to acquire at least 80 percent of the voting shares of F i rs t Texas Bank, Dallas, Texas. V

Dal las

Dallas

Keene Bancorp, Inc . , Keene, Texas, for approval to acquire at least 80 percent of the voting shares of F i rs t State Bank, Keene, Texas. _1/

Liberty National Bancshares, Inc. , Houston, Texas, Lovington, New Mexico, for approval to acquire at least 80 percent of the voting shares of Liberty National Bank, Lovington, New Mexico. 1/

Dallas United Madison Bancshares, Inc . , Houston, Texas, for approval to acquire at least 86.9 percent of the voting shares of United Madison Bank, N.A., Houston, Texas. 1/

* * * * *

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

Approved Cleveland F i f t h Third Bancorp, Cincinnat i , Ohio, for approval to

acquire 100 percent of the voting shares of The Bank of Russe l lv i l le , Russe l lv i l le , Ohio. \ j

Atlanta Barnett Banks of Flor ida, Inc . , Jacksonvil le, Flor ida, for approval to acquire 100 percent of the voting shares of F i rs t Marine Banks, Inc . , Riviera Beach, Flor ida, and ind i rec t l y acquire 98 percent of the voting shares of F i rs t Marine Bank and Trust of the Palm Beaches, Riviera Beach, Flor ida. \J

Kansas City Commerce Bancshares, Inc . , Kansas Ci ty , Missouri, for approval to acquire at least 80 percent of the voting shares of Wentzvilie State Bank, Wentzvil ie, Missouri. 1/

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

i


H.2, 1982 No. 8 - 9 -

ACTIONS OF THE BQARD-Continued

Dallas Southwest Bancshares, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of F i rs t Pasadena State Bank, Pasadena, Texas. 1/

San BSD Bancorp, Inc . , San Diego, Cal i forn ia , for approval to Francisco acquire 100 percent of the voting shares of American Valley

Bank (formerly El Cajon Valley Bank), El Cajon, Cal i forn ia. 1/

* * * * *


Approved St. Louis F i rs t Bancorp of Be l l ev i l l e , Inc . , Be l l ev i l l e , I l l i n o i s ,

for approval to acquire 99.8 percent of the voting shares of Bank of Be l l ev i l l e , Be l l ev i l l e , I l l i n o i s , through a merger with F i rs t United Bancshares, Inc . , Be l l ev i l l e , I l l i n o i s . 1/

* * * * *

New York

San Francisco

Boston

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

Approved F i rs t Glen Bancorp Inc . , Glens Fa l ls , New York, for approval

to acquire 100 percent of the voting shares of Van Dyke Associates Incorporated, Glens Fa l ls , New York, and to engage through company in real estate appraisal a c t i v i t i e s . 1/

Denied Orbanco Financial Services Corporation, Portland, Oregon, for

approval to engage in the ac t i v i t y of d i rec t l y issuing and o f fe r ing for sale i t s unsecured promissory notes.

Permitted F i rs t National Boston Corporation, Boston, Massachusetts, no-

t i f i c a t i o n of intent to engage in de novo ac t i v i t i es (providing po r t f o l i o investment advice to other persons primari ly for the in estment of funds in real estate interests, except where the real property is to be in the trade or business of the

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


H.2, 1982 No. . 10 - ^


person being advised) at 100 Federal Street, Boston, Massachusetts, the geographic area served is nationwide, through i t s subsidiary, F i rs t of Boston Mortgage Corporation (2/16/82) 3/

New York Ci t icorp , New York, New York, requests permission to estab-l ish a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (making or acquiring, for i t s own account or for the ac-count of others, commercial loans and other extensions of c red i t ) at 7720 York Road, Towson, Maryland, serving the States of Maryland, Delaware, V i rg in ia , West V i rg in ia , and the D is t r i c t of Columbia, through i t s subsidiary, Cit icorp Industr ial Credi t , Inc. (2/19/82) 3/

Mew York C i t icorp , 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 (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 ) at 17 North Harwood, Dallas, Texas, serving the States of Texas and Southwestern Oklahoma, through i t s subsidiary, Ci t icorp Industr ial Credi t , Inc. (2/19/82) 3/

New York C i t i corp , 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 to include the fol low-ing (the sale of credi t related property and casualty in-surance protecting real and personal property subject to a security agreement with Ci t icorp Person-to-Person Fi-nancial Center, Inc. to the extent permissible under applicable State insurance laws and regulations) at 5575 Peachtree Dunwoody Road, At lanta, Georgia, the proposed service area for th i s ac t i v i t y is the ent i re State of Georgia, through i t s subsidiary, Ci t icorp Person-to-Person Financial Center, Inc. (2/19/82) 3/

New York F i rs t National State Bancorporation, Newark, New Jersey, requests permission to establish de novo of f ices en-gaging in the fol lowing ac t i v i t i es (to assist local and governmental groups in the economic rev i ta l i za t i on , rehab i l i ta t ion and development of both commercial and resident ial areas located in low and moderate-income areas in the State of New Jersey; th i s assistance w i l l consist of debt and equity investments when appropriate in res ident ia l , commercial and industr ia l projects; the subsidiary w i l l acquire, own, renovate, develop, lease, manage, exchange, se l l or promote real and/or personal property in order to provide the necessary assistance; the subsidiary w i l l also provide f inancial counseling to a l l sectors of the community, especially the small business sector; f i n a l l y the subsidiary w i l l engage,

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. 8 - 1 1 -


coordinate and arrange j o i n t ventures or part ic ipat ions to provide f inancia l assistance to low and moderate-income areas of the State of New Jersey) at 550 Broad Street, Newark, New Jersey and At lant ic and South Carolina Avenues, At lant ic C i ty , New Jersey, through i t s sub-s id iary , F i rs t National State Community Development Corporation (2/19/82) _3/

New York The Hongkong and Shanghai Banking Corporation, Hong Kong, B.C.C.; K e l l e t t , N.V., Curacao, Necherlands An t i l l es ; HSBC Holdings, B.V., Amsterdam, The Netherlands; and Marine Midland Banks, Inc . , Buffalo, New York, requests permission to establ ish a de novo o f f i ce engaging in the fol lowing ac t i v i t i e s ( ! [T ror ig ina t ing , making, acquir-ing, and servic ing, for i t s own account or for the account of others, loans and other extensions of c red i t , ei ther un-secured or pr inc ipa l ly secured by mortgages on residential or commercial properties or lease-hold interests therein; and (2) acting as investment or f inancial adviser to the extent of (a) serving as the advisory company for a mortgay or real estate investment t r u s t , (b) furnishing general economic information and advice on real estate matters and (c) providing po r t f o l i o investment advice on real estate matters) at Wells Fargo Bui lding, 444 South Flower Street, 15th Floor, Los Angeles, Cal i fo rn ia , serving the ent ire State of Ca l i fo rn ia , through the i r subsidiary, Marine Midland Realty Credit Corporation (2/18/82) 3/

New York Manufacturers Hanover Corporation, New York, New York, requests permission to relocate an exist ing o f f i ce and to expand the service areas of the relocated o f f i ce engaging in the fol lowing a c t i v i t i e s (consumer finance, sales finance, home equity lending, and credit related insurance) from 281 Meeting Street, Charleston, South Carolina to 5060 Dorchester Road, North Charleston, South Carolina, through i t s subsidiary, Finance One of South Carolina, Inc . ; the o f f i ce wi11 serve customers in Charleston, Eastern Colleton, Southern Dorchester, and Southern Berkeley Counties, through Finance One of South Carolina, Inc. (2/18/82) 2 /

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


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


New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish a de novo o f f i ce engag-ing in the fol lowing ac t i v i t i e s (acting as insurance agent or broker for the sale of credit l i f e and credit accident and health insurance related to loans and other extensions of credi t such as would be made by a mortgage company, that are made, acquired or serviced by Manufacturers Hanover Mortgage Corporation, for i t s own account or for the account of others) at 3101 West Peoria Avenue, Phoenix, Arizona, serving the ent i re United States, through i t s subsidiary, MHMC Insurance Agency, Inc. (2/18/82) 3/

Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es (the or ig inat ion of FHA, VA and conventional residential mort-gage loans and second mortgage loans) at 155 South Madison Street, Suite 311, Denver, Colorado, serving the State of Colorado and adjoining areas of adjacent States, through i t s subsidiary, Colonial Mortgage Service Company Associates, Inc. (a Pennsylvania Corporation) (2/17/82) 3/

Chicago American Fletcher Corporation, Indianapolis, Indiana, no t i f i ca t ion 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 mul t i - fami ly income projects with i ns t i t u t i ona 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. (2/17/82) 3/

Dallas Consolidated Bancshares, Inc . , Abilene, Texas, 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 ( in making and acquiring for i t s own account, loans and other extensions of credit such as would be made by a mortgage company, including, as examples, or ig inat ion, purchase, sale and servicing of a l l types of mortgage loans (both long-term and short-term); construction and development loans; issuance of standby and f i rm take-out commitments for res ident ia l , commercial, construction and development loans; operation of a management consultant depart-ment for the purpose of assist ing nonaf f i l ia ted banks in the running of a mortgage loan operation; buying, se l l ing , and dealing in GNMA mortgage-backed secur i t ies, GNMA options con-ventional mortgage backed secur i t ies , loan par t ic ipat ion, and other types of secondary market ac t i v i t i es related to the mortgage banking industry) at San Miguel Square, Suite 262, 3303 North M idk i f f , Midland, Midland County, Texas, and in Odessa, Ector County, Texas, serving the c i t i es of Abilene, Austin,

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. 8

Dal las

San Francisco

San Francisco

- 1 3 -


Dallas, Fort Worth, Houston, Lubbock, Midland/Odessa, San Antonio and Wichita Fa l ls , Texas, and the counties in which such c i t i e s are located, through i t s subsidiary, Consolidated Bankers' Mortgage Company (2/14/82) 3/

United Mercantile Bancshares, Inc . , Shreveport, Louisiana, no t i f i ca t i on of intent to engage in de novo ac t i v i t i e s (leasing a c t i v i t i e s , including brokering leases and mak-ing and servicing wholly owned and leveraged true leases) at 509 Market Street, Shreveport, Louisiana, serving the c i t y of Shreveport and surrounding c i t i es and towns, through i t s subsidiary, United Mercantile Leasing Company (2/18/82) 3/

BankAmerica Corporation, San Francisco, Ca l i fo rn ia , no t i f i ca t ion of intent to relocate de novo a c t i v i t i e s ( in making or acquiring for i t s own account loans and other extensions of credi t such as would be made or acquired by a finance company; servicing loans and other extensions of c red i t ; and o f fer ing credi t - re lated l i f e insurance and cred i t - re la ted accident and health insurance; credi t -related property insurance w i l l not be offered in either the State of New Jersey or the southeast region of Pennsylvania; such a c t i v i t i e s w i l l include, but not be l imited to , making consumer installment loans, purchasing installment sales finance contracts, making loans and other extensions of credi t to small business, making loans secured by real and personal property, and of fer ing cred i t - re la ted l i f e and credi t - re lated accident and health insurance d i rec t l y related to extensions of credi t made or acquired by FinanceAmerica Corporation) from Suite 1001 - 1005 Wilson Bui lding, Broadway and Cooper Street, Camden, New Jersey to 3001 Greentree, Executive Campus, Burlington County, Marlton, New Jersey, serving the ent i re State of New Jersey and the southeast region of Pennsylvania, through i t s indi rect subsidiary, FinanceAmerica Corporation (a New Jersey corporation) (2/17/82) 3/

Security Pacif ic Corporation, Los Angeles, Cal i forn ia , no-t i f i c a t i o n of intent to relocate de novo 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, loans and extensions of credi t including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of credi t such as would be made by a factor ing company or a consumer

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. 8 - 14 -


finance company; and acting as broker or agent for the sale of credi t l i f e and credi t accident and health in-surance) from 1765 Springf ie ld Avenue, Maplewood, New Jersey to 81 Northf ie ld Avenue, West Orange, New Jersey, serving the State of New Jersey, through i t s subsidiary, Security Pacif ic Finance Corp. (2/17/82) 3/

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, Ibt i l No. 8

Cleveland

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Dal las

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APPLICATIONS RECEIVED

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

Chippewa Valley Bank, Pittman, Ohio. To establ ish a branch at Lot #1, Kauffman Avenue, S te r l i ng , Wayne County, Ohio. 2/

F i r s t Ci ty Bank of Corpus C h r i s t i , Corpus C h r i s t i , Texas. To establ ish and use an o f f s i t e e lect ronic banking f a c i l i t y located at 4101 South Padre Island Drive, Corpus C h r i s t i , Texas. 2/

V ic to r ia Bank and Trust Company, V i c t o r i a , Texas. To establ ish and use an o f f s i t e e lect ron ic f a c i l i t y at 8402 H a l l e t t s v i l l e Highway, V i c to r i a , Texas. 2/

The F i r s t State Bank, Abilene, Texas. To establ ish and use and o f f s i t e e lect ron ic f a c i l i t y at 4814 South 14th Street , Abilene, Texas. 2J

The F i r s t State Bank, Abilene, Texas. To establ ish and use an e lect ron ic f a c i l i t y at 166 Pioneer Drive Abilene, Texas. 2J

* * * * *

Cleveland

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

The Toledo Trust Company, Toledo, Ohio, to merge with The Peoples Bank, Carey, Ohio, 2/

* * * * *

Appl icat ions and Not i f i ca t ions fo r Internat ional 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 amended

New York Ci t ibank, N.A., New York, New York: requests consent to determine that Grindlays Bank Limited, London, England is no longer a Citibank "subs id iary" , but rather a Cit ibank " j o i n t venture".

2/ Appl icat ion subject to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the appl icable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1982 No. 8 - 1 6 -

APPLICATIONS RECEIVED-Continued

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

Cleveland Independence BancCorp., Independence, Ohio, for approval to acquire 100 percent of the voting shares of Independence Bank, Independence, Ohio. 2/

Atlanta Bay Bancshares, I nc . , Oldsmar, F lor ida, for approval to acquire at least 80 percent of the voting shares of Bank of Oldsmar, Oldsmar, F lor ida , and Clearwater Oaks Bank, Clearwater, F lor ida. 2J

Atlanta Oahlonega Bancorp, I nc . , Dahloneqa, Georgia, for approval to acquire 100 percent of the voting shares of Bank of Dahlonega, Oahlonega, Georgia. 2/

Chicago Cit izens Bank Holding, I nc . , Mukwonago, Wisconsin, fo r approval to acquire at least 80 percent of the voting shares of Ci t izens Bank of Mukwonago, Mukwonago, Wisconsin. 2/

Chicago Farmers National Bancorp, I nc . , Geneseo, I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i rec to rs ' qua l i f y ing shares) of the successor by merger to The Farmers National Bank of Geneseo, Geneseo, I l l i n o i s . 2/

Chicago Standard Bancshares, I nc . , Evergreen Park, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Heritage/Standard Bank and Trust Company, Evergreen Park* I l l i n o i s . 2/

St. Louis Cit izens Union Bancorp of She lbyv i l le , I nc . , Shelbyv i l le , Kentucky, fo r approval to acquire 100 percent of the vot ing shares of the successor by merger to Cit izens Union Bank of She lbyv i l le , She lbyv i l le , Kentucky. 2/

St. Louis F i r s t National Bancshares, Inc . , Camdenton, Missouri, for approval to acquire at least 73 percent of the voting shares of F i rs t National Bank of Linn Creek, Camdenton, Camdenton, Missouri . 2/

Minneapolis Baldy Bancshares, I nc . , Lyle, Minnesota, for approval to acquire at least 93.67 percent of the voting shares of the Farmer's State Bank of Lyle, Lyle, Minnesota. 2/

2J Appl icat ion subject to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the appl icable Reserve Bank may be contacted as to the length of the comment period.


H . 2 , 1982 No. 8 - 17 -

Minneapolis

Kansas City

Kansas City

Kansas City

Kansas City

Dallas

Dallas

Dallas

San Francisco

San Francisco


Gracevil le Bancorporation, Inc . , Gracevi l le, Minnesota, for approval to acquire 100 percent of the voting shares The F i rs t State Bank of Gracevi l le, Gracevi l le, Minnesota. 2/

American Eagle Holding Corporation, Piedmont, Oklahoma, for approval to acquire at least 80 percent of the voting shares of Rol l ing H i l l s State Bank, Piedmont, Oklahoma. 2/

Col 1 insv i l i e Bancorp, I nc . , C o l l i n s v i l l e , Oklahoma, for approval to acquire at least 52.80 percent of the voting shares of American Exchange Bank, Co l l i n sv i l l e , Oklahoma. 2/

Loup Valley Bancshares, Inc . , North Loup, Nebraska, for approval to acquire 100 percent of the voting shares of North Loup Valley Bank, North Loup, Nebraska. 2J

Smith Center Bancshares, Inc . , Smith Center, Kansas, for approval to acquire at least 80 percent of the voting shares of F i rs t National Bank of Smith Center, Smith Center, Kansas. 2/

Crowley Holding Company, Crowley, Texas, for approval to acquire at least 80 percent of the voting shares of The Bank of Crowley, Crowley, Texas. 2J

Garrison Bancshares, Inc . , Garrison, Texas, for approval to acquire at least 80 percent of the voting shares of The Commercial State Bank, Garrison, Texas. \ j

Northwest Bancshares, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Northwest Bank and Trust, Houston, Texas. 2/

Home Interstate Bancorp, Signal H i l l , Cal i forn ia , for approval to acquire 100 percent of the voting shares of Home Bank, Signal H i l l , Ca l i fo rn ia . 2J

Midland Cal i forn ia Holdings Limited, London, England, for approval to acquire a majority of the voting shares of Crocker National Corporation, San Francisco, Cal i fo rn ia , and ind i rec t l y acquire 100 percent of the voting shares of Crocker National Bank, San Francisco, Cal i forn ia . 2/

2/ Application subject to Community Reinvestment Act. The Community A f fa i r s Of f icer 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. 8 - 18 -



Atlanta F i r s t Alabama Bancshares, I nc . , Montgomery, Alabama, for approval to acquire 78,09 percent of the voting shares of F i r s t Farmers and Merchants National Bank of Troy, Troy, Alabama. 2/

Chicago Gary-Wheaton Corporation, Wheaton, I l l i n o i s , fo r approval to merge with Batavia Investment Company, Batavia, I l l i n o i s , and thereby acquire 90 percent of the voting shares of Batavia Bank, Batavia, I l l i n o i s . 2/

Kansas C i ty Central Bancorporation, I n c . , Central Colorado Company, and C.C.B., I nc . , a l l of Denver, Colorado, fo r approval to acquire 100 percent of the voting shares of Central Bank at Highlands Ranch, N.A., and Central Bank of Inverness, N.A., both of Arapahoe County, Colorado, both proposed new banks. 2/

Dal las

San Francisco

V ic tor ia Bankshares, Inc . , V i c to r i a , Texas, for approval to acquire 100 percent of the vot ing shares of The F i rs t National Bank of Gonzales, Gonzales, Texas. 2/

U.S. Bancorp, Port land, Oregon, f o r approval to acquire 100 percent of the voting shares of F i r s t National Bank of Oregon, Canby, Oregon, a proposed new bank. 2/

* * * * *


Chicago FIRST FREEP0RT CORPORATION, Freeport, I l l i n o i s , for approval to merge with POLO BANCORP, INC., Polo, I l l i n o i s , and thereby i nd i r ec t l y acquire 98.6 percent of the voting shares of The Polo National Bank, Polo, I l l i n o i s . 2/

2/ Appl icat ion subject to Community Reinvestment Act. The Community A f fa i r s Of f icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1982 No. 8 - 19 -


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

Barclays Bank Limited, London, England and Barclays Bank International Limited, London, England, requests permission to expand the ac t i v i t i es of an exist ing o f f i ce (making business loans to small businesses or individuals borrowing for business purposes, pr imari ly secured by f i r s t and second mortgages on real estate) at 1950 Bishop Land, Waterson Towns, Suite 720, Lou isv i l le , Kentucky, through the i r subsidiary, BarclaysAmerican/ Mortgage, Inc . , serving customers in Louisv i l le and surrounding areas in Kentucky (2/16/82)

New York The Chase Manhattan Corporation, New York, New York, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (making or acquir ing, for i t s own account or for the account of others, loans and other extensions of credit such as would be made by a commercial finance, equipment finance or factor ing company, including factor ing accounts receivable, making advances and over-advances on receivables and inventory and business installment lending as well as unsecured commercial loans; servicing loans and other extensions of c red i t ; leasing personal property on a f u l l payout basis and in accordance with the Board's Regulation Y, or acting as agent, broker or advisor in so leasing such property, including the leasing of motor vehicles) at City Center Square, Suite 1300, 1100 Main Street, Kansas C i ty , Missouri, serving the States of I l l i n o i s , Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri and Wisconsin, through i t s subsidiary, Chase Commercial Corporation (2/18/82)

C i t i corp , New York, New York, requests permission to engage in the fol lowing a c t i v i t i e s (the making of loans to foreign importers to finance purchases of goods and services of United States manufacture or or ig in and/or costs incidental thereto: foreign importers seeking loans would be referred to Ci t icorp Export Credit Corporation by Citibank overseas branch of f ices or other f inancial i ns t i t u t i ons , and such loans would be made or acquired by Ci t icorp Export Credit Corporation) at 399 Park Avenue, New Yofk, New York, through i t s subsidiary, Ci t icorp Export Credit Corporation (2/19/82)

Philadelphia National Corporation, Philadelphia, Pennsylvania, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (the or ig inat ion of FHA, VA and conventional residential mortgage loans) at 360 Silverside Road, Wilmington, Delaware, serving the State of Delaware and in the Counties of Delaware and Chester in the State of Pennsylvania, through i t s subsidiary, Colonial Mortgage Service Company Associates, Inc. (2/17/82)

New York

New York

Philadelphia

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

H.2, 1982 No. 8 - 20 -


Richmond F & M Holding Company, Sumrnersville, West V i rg in ia , 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 (acting as agent in the sale of cred i t l i f e , credi t accident and health insurance which is d i rec t l y related to the extensions of cred i t granted by Farmers & Merchants Bank of Sumrnersville) at 811 Main Street, Sumrnersville, West V i rg in ia , serving a l l of Nicholas County, West Virg in ia (2/16/82)

Atlanta Barnett Banks of F lor ida, Inc . , Jacksonvil le, Flor ida, no-t i f i c a t i o n of intent to engage in de novo ac t i v i t i e s ( in o f fe r ing from three addit ional o f f i ces , check ver i f i ca t ion services, including authorizing subscribing merchants to accept certain personal purchase money checks and obl igat ing Ver i f i ca t ions, Inc . , to purchase properly ver i f ied checks which are subsequently dishonored) in Jackson, Mississippi, an o f f i ce located in Knoxvi l le, Tennessee and an o f f i ce located in Nashvil le, Tennessee, as well as from the pr incipal o f f i ce of Ver i f ica t ions, Inc . , located at 4160 Woodcock Drive, Suite 100, Jacksonvi l le, Flor ida, and would be offered throughout the States of Mississippi and Tennessee (2/17/82)

Atlanta Plateau Bancshares, Incorporated, Crossvi l le , Tennessee, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es (the appraisals of real property) at Woodmere Mall , Crossv i l le , Tennessee, serving the county in which the Holding Company is located and those counties wi th in a 75 mile radius of the o f f i ce , t h i s service w i l l be spec i f i ca l l y provided at th i s time to Peoples Bank & Trust Company, Wartburg, Tennessee, Peoples Bank of Crossvi l le , Crossvi l le , Tennessee, and Bledsoe County Bank, P ikev i l ie , Tennessee (2/11/82)

Kansas City C o l l i n s v i l l e Bancorp, Inc . , C o l l i n s v i l l e , Oklahoma, for approval to acquire 99 percent of the voting shares of F M Insurance Agency, Co l l i n sv i l l e , Oklahoma.

Kansas City Loup Valley Bancshares, I nc . , North Loup, Nebraska, fo r approval to acquire 100 percent of the voting shares of North Loup Insurance Agency, I nc . , North Loup, Nebraska.

Kansas City Midland Capital Co., Oklahoma Ci ty , Oklahoma, no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s (leasing of personal property to buTTnesses, ind iv iduals, and/or government en t i t i es ) at 134 Robert S. Kerr, Oklahoma Ci ty , Oklahoma, the geographic area to be served w i l l be the State of Oklahoma, through a subsidiary, Midland Leasing Co. (2/18/82)


H.2, 1982 No. 8

Dal las

San Francisco

San Francisco

San Francisco

- 2 1 -


South Texas Bancshares, I n c . , Beev i l le , Texas, n o 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 (operating as a c red i t reinsurance company and w i l l assume cred i t l i f e and d i s a b i l i t y insurance business d i r ec t l y related to i t s extensions of c red i t ) at 100 South Washington, Beevi l le , Texas and 103 North Highway 359, Mathis, Texas, the geographic areas to be served w i l l be Bee and San Pat r i c ia Counties, through i t s subsid iary, South Texas Bankers L i fe Insurance Company (2/16/82)

BankAmerica Corporation, San Francisco, Ca l i f o rn ia , no-t i f i c a t i o n of in tent to expand i t s de novo a c t i v i t i e s (making or acquir ing for i t s own account loans and other extensions of c red i t such as would be made or acquired by a finance company, serv ic ing loans and other extensions of c r e d i t , and o f f e r i ng c red i t - re la ted l i f e insurance and c red i t - r e l a ted accident and health insurance; c red i t - re la ted property insurance w i l l not be of fered in e i ther the State of Georgia or the State of South Carol ina; such a c t i v i t i e s w i l l inc lude, but not be l imi ted t o , making consumer in -stal lment loans; purchasing instal lment sales finance contracts ; making loans and other extensions of c red i t to small businesses; making loans and other extensions of c red i t secured by real and personal property; and o f fe r ing c red i t - re la ted l i f e and c red i t - re la ted accident and health insurance d i r e c t l y re lated to extensions of c red i t made or acquired by FinanceAmerica Indust r ia l Plan, Inc. ) at 1141 East Altamonte Dr ive, Altamonte Springs, F lor ida , serving the addi t ional States of Georgia and South Carol ina, through i t s ind i rec t subsid iary, FinanceAmerica Indust r ia l Plan, Inc. (a F lor ida corporat ion) (2/17/82)

Midland Ca l i fo rn ia Holdings Limited, London, England, fo r approval to acquire nonbanking companies of the Crocker organizat ion.

Security Pac i f i c Corporation, Los Angeles, Ca l i f o rn ia , no-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 f inancing and indus t r ia l loan corporation a c t i v i t i e s through Security Pac i f i c Finance Money Center I nc . , including making, acquir ing and serv ic ing loans and other extensions of c red i t ; s e l l i n g and issuing investment c e r t i f i c a t e s ; and act ing as agent fo r the sale of c red i t - re la ted l i f e , c red i t - re la ted accident and health and c red i t - re la ted property insurance, a l l as authorized by Ca l i fo rn ia law) at 1440 North Harbor B lvd. , Fu l le r ton , Ca l i fo rn ia and 1901 Olympic B lvd . , Locklin Center, Walnut Creek, Ca l i f o rn i a , serving the State of Ca l i f o rn ia , through i t s subsid iary, Security Pac i f ic Finance Money Center Inc. (2/19/82)


8 - 2 2 -


Security Pacif ic Corporation, Los Angeles, Cal i fo rn ia , no t i f i ca t i on of intent to engage in de novo a c t i v i t i e s (making or acquiring for i t s own account or for the account of others, asset based business loans and other commercial or indust r ia l loans and extensions of credi t such as would be made by a factor ing, rediscount or commercial finance company and engaging generally in the factor ing business) at 1300 Quail Street, New Port Beach, Ca l i fo rn ia ; One Cal i forn ia Street, Suite 525, San Francisco, Cal i fo rn ia ; 95 South Market, San Jose, Cal i fornia and 400 North Olive, Southland Center, Suite 2520, Dallas, Texas, serving the United States, through i t s subsidiary, Security Pacif ic Business Credit Inc. (2/19/82)

* * * * *

REPORTS RECEIVED

Ownership Statement Fi led Pursuant to Section 13(d) of the Securit ies Exchange Act

The Bank of Vienna, Vienna, Virg in ia (Fi led by Meyer H. Abraham)

* * * * *

PETITIONS FOR RULEMAKING

None.


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