-
y
ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM (H.2, 1982 No. 40)
Actions of the Board; Applications and Reports
Received During the Week Ending October 2, 1982
APPLICABLE RESERVE BANK
Kansas City
San Francisco
Dal las
Dal las
Atlanta
ACTIONS OF THE BOARD
Regulation L amendment which implements the Depository Ins t i
tu t ion Management Interlocks Act, to re f lect changes in the Act
recently adopted by Congress.
Cr i ter ia for determining the primary capital status of
mandatory convertible secur i t ies.
Consumer Advisory Council, meeting on October 27 and 28, in
sessions open to the public.
Commerce Bancshares, Inc. , Kansas Ci ty, Missouri, extension of
time to January 14, 1983, within which to acquire Commerce Bank of
Lee's Summit, Lee's Summmit, Missouri. JJ
Community Bancorporation, Pullman, Washington, extension of time
to December 21, 1982, within which to become a bank holding
com-pany through the acquisit ion of Bank of Pullman, Pullman,
Washington. J /
Garrison Bancshares, Inc . , Garrison, Texas, ex-tension of time
to December 2, 1982, within which to acquire The Commercial State
Bank, Garrison, Texas. JJ
Ker rv i l le Bancshares, Inc . , Ker rv i l l e , Texas,
extension of time to December 31, 1982, wi th in which to acquire
Bank of Kerrvi1le, Ker rv i l l e , Texas. J /
One American Corp., Vacherie, Louisiana, ex-tension of time to
January 15, 1983, within which to become a bank holding company
through the acquisit ion of F i rs t American Bank and Trust,
Vacherie, Louisiana. 1/
U Application 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
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H.2, 1982 No. 40 - 2 -
At]anta
Atlanta
San Francisco
San Francisco
Chicago
Atlanta
Chicago
Atlanta
ACTIONS OF THE BOARD - Continued
State National Corp., New Iber ia, Louisiana, extension of time
to December 31, 1982, wi thin which to become a bank holding
company through the acquisit ion of The State National Bank, New
Iber ia, Louisiana. J_/
United American of Northwest Florida, Inc. , Pensacola, Flor
ida, extension of time to January 5, 1983, within which to become a
bank holding company through the acquisi-t ion of F i rs t State
Bank of Pensacola, Pensacola, Flor ida. ]_/
U. S. Bancorp, Portland, Oregon, extension of time to December
28, 1982, within which to acquire Bank of Milton-Freewater,
Milton-Freewater, Oregon. V
Bank of Milton-Freewater, Milton-Freewater, Oregon, extension of
time to December 28, 1982, within which to become a member of the
Federal Reserve System. ]_/
Wyandotte Savings Bank, Wyandotte, Michigan, an investment in
bank premises. ]_/
Bank of Eclect ic, Eclect ic, Alabama, proposed merger with Bank
of Tallassee, Tallassee, Alabama; report to the Federal Deposit
Insurance Corporation on competitive factors. ]_/
Bank of Michigan City, Michigan Ci ty, Indiana, proposed merger
with Citizens Bank of Michigan Ci ty , Michigan Ci ty, Indiana,
under the charter of Bank of Michigan Ci ty , and t i t l e of
Citizens Bank of Michigan City, Indiana; report to the Federal
Deposit Insurance Corporation on competitive factors. J_/
Citizens Bank of Blount County, Maryvi l ie, Tennessee, proposed
merger with Maryvil ie Phantom Bank, Maryvi l ie, Tennessee; report
to the Federal Deposit Insurance Corporation on competitive
factors. 1/
T 7 A p p l i c a t i o n 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
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H.2, 1982 No. 40 - 3 -
ACTIONS OF THE BOARD - Continued
Richmond
Chicago
Richmond
Atlanta
San Francisco
Chicago
Citizens Bank and Trust Company, Riverdale, Maryland, proposed
merger with Kennedy Bank and Trust Company, Bethesda, Maryland;
report to the Federal Deposit Insurance Corporation on competitive
factors. J /
Cit izens National Bank of Boone, Boone, Iowa, proposal to
purchase assets and assume l i a b i l i t i e s and maintain
branches of The Farmers Savings Bank, Hamilton, Iowa, under the
charter and t i t l e of The Citizens National Bank of Boone;
report to the Comp-t r o l l e r of the Currency on competitive fac
tors . ]_/
Cit izens and Southern National Bank of South Carolina,
Charleston, South Carolina, proposed merger with Carolina National
Bank, Easley, South Carolina; report to the Comptroller of the
Currency on competi-t i v e factors . J_/
Freedom Savings and Loan Association, Tampa, F lor ida, proposed
merger with ComBank, Winter Park, Winter Park; ComBank/Seminole
County, Casselberry; ComBank/Fairvilla, Orlando; ComBank/Apopka,
Apopla; and ComBank/Union Park, Orlando, F lor ida; report to the
Federal Deposit Insurance Corporation on competitive fac tors .
JJ
Fresno Commerce Subsidiary Co., Fresno, Cal i -f o rn ia ,
proposed merger with Fresno Bank of Commerce, Fresno, 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.
]_/
Gainer Bank, National Association, Gary, Indiana, proposed
merger with Gary National Bank, Gary, Indiana, under the charter
and t i t l e of Gainer Bank, National Association; report to the
Comptroller of the Currency on competitive fac tors . 1/
\J Appl icat ion processed on behalf of the Board of Governors
under delegated au thor i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 4 -
ACTIONS OF THE BOARD - Continued
Chicago
Boston
Chicago
Chicago
Chicago
Chicago
Heritage Bank Be lo i t , Be lo i t , Wisconsin, pro-posal to
consolidate with Heritage Bank Be lo i t , Be lo i t , Wisconsin,
under the charter of Heritage Bank Beloi t Mal l , and t i t l e of
Heritage Bank Be lo i t ; report to the Federal Deposit Insurance
Corporation on competitive fac tors . ]_/
Laconia Peoples National Bank and Trust Com-pany, Laconia, New
Hampshire, proposed merger with the Franklin National Bank, Frankl
in , New Hampshire; report to the Comptroller of the Currency on
competitive fac tors . U
Sagamore National Bank, Lafayette, Indiana, pro-posed merger
with Purdue National Bank of Lafayette, Lafayette, Indiana, under
the charter of Sagamore National Bank and t i t l e of Purdue
National Bank of Lafayette; report to the Comptroller of the
Currency on competitive fac tors . ]_/
State Bank of Waldron, Waldron, Indiana, pro-posed merger with
Waldron Service Bank, Waldron, Indiana, under the charter of
Waldron Service Bank and t i t l e of The State Bank of Waldron;
report to the Federal Deposit Insur-ance Corporation on competitive
factors. ]_/
United Central Bank & Trust Company of Algona, Algona, Iowa,
propose to acquire the assets and assume the l i a b i l i t i e s
of Exchange State Bank, Wesley, Iowa, under the charter and t i t l
e of United Central Bank & Trust Company of Algona; report to
the Federal Deposit Insurance Corporation on competitive factors .
J_/
United Central & Trust Company of Algona, Algona, Iowa,
propose to acquire the assets and assume the l i a b i l i t i e s
of Bode State Bank, Bode, Iowa, under the charter and t i t l e of
United Central & Trust Company of Algona; report to the Federal
Deposit Insurance Corporation on competitive factors. 1/
T7 Appl icat ion processed on behalf of the Board of Governors
under delegated au thor i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 5 -
ACTIONS OF THE BOARD - Continued
To Merge Pursuant to Section 18(c) of the Federal Deposit
Insurance Act
Approved Chicago St. Joseph Valley Bank, Elkhart, Indiana,
to
merge with F i rs t National Bank of Goshen, Goshen,
Indiana.
i
* * * * *
New York
Richmond
Richmond
Atlanta
San Francisco
To Establish a Domestic Branch Pursuant to Section 9 of the
Federal Reserve Act
Approved The Bank of New York, New York, New York. To
establish an o f f s i t e electronic f a c i l i t y at Eric
Hayes, Inc . , D/B/A Bells Market, 909 East Ferry Street, Buffalo,
Erie County, New York. J /
Bank of V i rg in ia, Richmond, Virg in ia. To establish a
customer-bank communication terminal at 8103 Old Dominion Drive,
McLean, Fairfax County, V i rg in ia . Jy
Bank of Vi rg in ia, Richmond, Vi rg in ia. To establish a
customer-bank communication terminal at 7318 Midlothian Turnpike,
Chesterfield County, V i rg in ia . J /
Marion County Banking Company, Hamilton, Alabama. To establish a
branch o f f i ce located on the west side of Highway 5 inside the
c i t y l im i ts of Bear Creek, Alabama. JJ
Valley Bank of Nevada, Las Vegas, Nevada. To establish a branch
o f f i ce in the v i c i n i t y of Mi l l Street and Corporate
Boulevard, Reno, Washoe County, Nevada. 1/
* * * * *
J / Application 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
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H.2, 1982 No. 40 - 6 -
ACTIONS OF THE BOARD - Continued
Issued Intent Not to Disapprove Change of Control Pursuant to
Change in Bank Control Act of 1978
Not Disapproved Kansas City Humboldt Bancshares, Inc. ,
Humboldt, Kansas. ]_/
* * * * *
To Become a Member of the Federal Reserve System Pursuant to
Section 9 of the Federal Reserve Act
Approved St. Louis Commerce Union Bank Union Ci ty , Union Ci ty
,
Tennessee. JJ
Chicago St. Joseph Valley Bank, Elkhart, Indiana. ]_/
* * * * *
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 Citibank Overseas Investment Corporation,
Wilmington, Delaware: request consent to engage ind i rec t ly
in futures commission merchant ac t i v i t i es abroad.
* * * * *
To Establish an Overseas Branch of a Member Bank Pursuant to
Section 25 of the Federal Reserve Act
Approved New York European American Bank and Trust Company,
New
York, New York: grants consent to establish a branch in Nassau,
Bahamas.
T7 Application 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
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H.2, 1982 No. 40 - 7 -
ACTIONS OF THE BOARD - Continued
To Form a Bank Holding Company Pursuant to Section 3(a)(1) of
the Bank Holding Company Act of 1956
Richmond Approved
Intermountain Bankshares Inc. , Charleston, West V i rg in ia ,
for approval to acquire 100 percent of the voting shares of the
successors by merger to: Kanawha Banking & Trust Company
National Association, Charleston, West V i rg in ia ; The Teays
Valley National Bank, Scott Depot, West V i rg in ia ; Community
Bank and Trust, N.A., Fairmont, West V i rg in ia ; Middletown
National Bank, Marion County, West V i rg in ia ; National Bank of
Monongah, Monongah, West Vi rg in ia; Mountaineer National Bank,
Morgantown, West Vi rg in ia. 1/
Richmond
Atlanta
Atlanta
Chicago
Chicago
Peoples Bancorp (N.C.), Inc . , Rocky Mount, North Carolina, for
approval to acquire 100 percent of the voting shares of the
successor by merger to Peoples Bank and Trust Company, Rocky Mount,
North Carolina. ]_/
F i rs t Hartford Bancshares, Inc. , Hartford, Alabama, for
approval to acquire at least 80 percent of the voting shares of The
F i rs t National Bank of Hartford, Hartford, Alabama. J /
Quality Financial Services Corporation, Alexandria, Tennessee,
for approval to acquire 100 percent of the voting shares of DeKalb
County Bank and Trust Company, Alexandria, Tennessee. ]_/
Central Lakes Bancorporation, Inc. , Necedah, Wisconsin, for
approval to acquire at least 80 percent of the voting shares of The
Necedah Bank, Necedah, Wisconsin. V
Mart insvi l le Bancshares, Inc . , Mar t insv i l le , I l l i
n o i s , for approval to acquire 100 percent of the voting shares
(less d i rectors ' qual i fy ing shares) of the successor by
merger to Martins-v i l l e State Bank, Mar t insv i l le , I l l i
n o i s . J /
T7 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
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H.2, 1982 No. 40 - 8 -
ACTIONS OF THE BOARD - Continued
Chicago
Minneapolis
Minneapolis
Kansas City
Kansas City
Dallas
Dallas
Dallas
Dal las
S. B. W. Bancorp., Inc. , Waupun, Wisconsin, for approval to
acquire 100 percent of the voting shares (less d i rectors ' qual i
fy ing shares) of the successor by merger to The State Bank of
Waupun, Waupun, Wisconsin. ]_/
F i rs t State Financial Services, Inc. , Bridge-water, South
Dakota, for approval to acquire at least 80 percent of the voting
shares of F i rs t State Bank, Bridgewater, South Dakota. ]_/
The Resource Companies, Inc. , Minneapolis, Minnesota, for
approval to acquire 100 percent of the voting shares of Resource
Trust Company, Minneapolis, Minnesota. J_/
Cripple Creek Bancorporation, Inc . , Cripple Creek, Colorado,
for approval to acquire at least 80 percent of the voting shares of
Bank of Cripple Creek, Cripple Creek, Colorado. V
Victory Bancshares, Inc . , Nowata, Oklahoma, for approval to
acquire 89.5 percent of the voting shares of Victory National Bank
of Nowata, Nowata, Oklahoma. J /
Canadian Bancshares, Inc . , Canadian, Texas, for approval to
acquire 80.354 percent of the voting shares of F i rs t State Bank
of Canadian, Canadian, Texas. JJ
Lamesa National Corporation, Lamesa, Texas, for approval to
acquire at least 80 percent of the voting shares of The Lamesa
National Bank, Lamesa, Texas.
Landmark Financial Group, Inc. , Fort Worth, Texas, for approval
to acquire at least 80 percent of the voting shares of Mercantile
Bank of Fort Worth, Fort Worth, Texas. J /
Permian Bancshares, Inc . , Odessa, Texas, for approval to
acquire 10 percent of the voting shares of Permian Bank &
Trust, Odessa, Texas. 1/
17 Application 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
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H.2, 1982 No. 40 - 9 -
ACTIONS OF THE BOARD - Continued
San Francisco
San Francisco
Redmond Bancorp, Redmond, Washington, for approval to acquire
TOO percent of the voting shares of Bank of Redmond, Redmond,
Washington. ] /
Valencia Bancorp, Santa Ana, Cal i forn ia, for approval to
acquire 100 percent of the voting shares of Valencia Bank, Santa
Ana, Cal i forn ia. 1/
To Expand a Bank Holding Company Pursuant to Section 3(a)(2) of
the Bank Holding Company Act of 1956
Approved Cleveland Union Commerce Corporation, Cleveland,
Ohio,
for approval to retain 100 percent of the voting shares of The F
i rs t National Bank Qf. Nelsonvi l le, Nelsonvi l le, Ohio. 1/
* * * * *
To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of
the Bank Holding Company Act of 1956
Denied Chicago Mil ford Bancorporation, Mil ford, Iowa, for
approval to acquire 100 percent of the voting shares of San
Bancorp, Sanborn, Iowa and ind i rec t ly at least 85.42 percent of
Sanborn Savings Bank, Sanborn, Iowa.
Chicago Approved
Hampton Park Corporation, Romeoville, I l l i n o i s , for
approval to ac-quire 80 percent of the voting shares of The
Palwaukee Bank, Prospect Heights, I l l i n o i s . 1/
Chicago Oak Park Bancorp, Inc . , Oak Park, I l l i n o i s ,
for approval to acquire 100 percent of the voting shares of The
Dunham Bank, St. Charles, 111inois. J /
Kansas City CharterCorp, Kansas Ci ty , Missouri, for approval
to acquire 100 percent of the voting shares of Bank of
Independence, Independence, Missouri. J /
T7 Application 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
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H.2, 1982 No. 40 - 10 -
ACTIONS OF THE BOARD - Continued
Dallas Harlingen National Bancshares, Inc . , Harlingen, Texas,
for approval to acquire 100 percent of the voting shares of South
Harlingen National Bank, Harlingen, Texas, a proposed new bank.
1/
* * * * *
To Retain Bank Shares Acquired in a Fiduciary Capacity Pursuant
to Section 3 of the Bank Holding Company Act of 1956
Approved New York Midlantic Banks Inc. and Midlantic National
Bank,
both located in Edison, New Jersey, for approval to retain
39.1375 percent of the voting shares of The F i rs t National Bank
of Blairstown, Blairstown, New Jersey. ]_/
* * * * *
To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of
the Bank Holding Company Act of 1956
Approved New York Ci t icorp, New York, New York, for approval
to
acquire 100 percent of the voting shares through Cit icorp
Person-to-Person, Inc . , of a federal ly chartered and insured
savings and loan association and is the successor by supervisory
conversion of F ide l i ty Federal Savings and Loan Association,
San Francisco, Cal i fornia and to acquire ind i rec t ly i t s
wholly-owned service corporation, F ide l i ty Subsidiary
Corporation.
Richmond Southern Bancorporation, Inc . , Greenvil le, South
Carolina, for approval to acquire assets of Continental Credit
Corporation, Greenvil le, Texas, and thereby engage in making loans
to indiv iduals. ]_/
]_/ Applications 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
-
ACTIONS OF THE BOARD - Continued
Permitted New York Barclays Bank PLC and Barclays Bank
Inter-
national Limited, both of London, England, requests permission
to relocate three exist ing of f ices of the i r subsidiaries.
BardaysAmerican/Financial Services, Inc. ("BAFS"), and
BarclaysAmerican/Financiaj, Inc. ("BAFI"), the of f ices w i l l
continue to engage in the fol lowing ac t i v i t i es ( ( i )
making direct consumer loans, including loans secured by real
estate, and purchasing sales finance contracts representing
extensions of credit such as would be made or acquired by a
consumer finance company, and wholesale financing [ f l oo r
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
BarclaysAmericanCorporation's insurance underwriting subsidiaries)
from Nine Mile Road, Richmond, Virginia to 8014 Midlothian
Turnpike, Richmond, Vi rg in ia , through the i r subsidiaries, BA
and BAFI and from 4118 Elvis Presley Boulevard, Memphis, Tennessee
to 3063 Airways Boulevard, Suite 8, Memphis, Tennessee, through the
i r subsidiary BAFI (9/26/82) 3/
New York Ci t icorp, New York, New York, requests permission to
establish a de novo o f f i ce of i t s sub-s id ia ry , Cit icorp
Homeowners, Inc. ("CHI"), and to expand the ac t i v i t i es and
service area of an exist ing o f f i ce of i t s subsidiary, Cit
icorp Person-to-Person Financial Center, Inc. ("CPFC") at the same
locat ion; the new ac t i v i t i es in which the o f f i ce of
CPFC proposes to engage de novo are (the making, acquiring and
servicing, for i t s own account and for the account of others, of
extensions of credit to individuals secured by l iens on
residential or non-residential real estate; and the sale of
mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t
ly related to extensions of mortgage loans;
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 .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
-
ACTIONS OF THE BOARD - Continued
the proposed service area shall be the ent i re States of
Missouri and Kansas for the aforementioned proposed a c t i v i t i
e s and for the fo l lowing a c t i v i t i e s which have been
previously approved for CPFC: the making or acquir ing of loans and
other extensions of c r e d i t , secured or unsecured, for
consumer and other purposes; the extension of loans to dealers fo r
. the f inancing of inventory [ f l o o r planning] and working
capi ta l purposes; the purchasing and servicing for i t s own
ac-count of sales finance contracts; the sale of c red i t related
l i f e and accident and health or decreasing or level [ i n the
case of single payment loans] term l i f e insurance by licensed
agents or brokers, as required; the sale of consumer oriented f
inancia l management courses; and the serv ic ing, for any person,
of loans and other extensions of c red i t . The a c t i v i t i e
s in which the d_e novo o f f i ce of CHI w i l l engage are: the
making or acquiring of loans and other extensions of c r e d i t ,
secured or unsecured, for consumer and other purposes; the sale of
c red i t related l i f e and accident and health or decreasing or
level [ i n the case of single payment loans] term l i f e
insurance by licensed agents or brokers as required; the sale of
consumer oriented f inancia l management courses; the serv ic ing,
for any person, of loans and other extensions of c red i t ; the
making, acquir ing and serv ic ing, for i t s own account and for
the account of others, of extensions of c red i t to ind iv iduals
secured by l iens on resident ia l or nonresidential real estate;
and the sale of mortgage l i f e and mortgage d i s a b i l i t y
insurance d i rec t l y related to extensions of mortgage loans:
the proposed service area of CHI shall be comprised of the ent i re
States of Missouri and Kansas for a l l the aforementioned a c t i
v i t i e s c red i 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 CPFC and CHI) at 310 E. 12th
Street , Kansas C i ty , Missouri , through i t s subsid iar ies,
Ci t icorp Person-to-Person Financial Center, Inc. and Ci t icorp
Homeowners, Inc. (10/1/82) 2 /
2 / 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 .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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" . 2 , 1982 No. 40 - 13 -
ACTIONS OF THE BOARD - Continued
New York Ci t icorp, New York, New York, requests per-mission to
engage in the fol lowing ac t i v i t i es (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 l oo r 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 [ i n the case
of single payment loans] term l i f e insurance by licensed agents
or brokers, as required; the issuing of t h r i f t ce r t i f i ca
tes and t h r i f t pass-book ce r t i f i ca tes ; the sale of
consumer oriented f inancial management courses; the servicing, for
any person, of loans and other extensions of c red i t ; the
making, acquiring, and servicing, for i t s own account and the
account of others of extensions of credi t to individuals secured
by l iens on residential or non-residential real estate; and the
sale of mortgage l i f e and mortgage d i sab i l i t y insurance d
i rec t ly related to extensions of mortgage loans; the service
area of the subsidiary would be comprised of the ent i re State of
Colorado; credit 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 l i a t e of Cit icorp Person-to-Person Boulder Industr ial
Bank) at 1600 38th Street, Boulder, Colorado, serving the ent i re
State of Colorado, through i t s subsidiary, Cit icorp
Person-to-Person Boulder Industr ial Bank (9/30/82) 3/
New York Deutsche Bank AG, Frankfurt, Germany, requests
permission to expand the service areas of f i ve exist ing of f
ices (to expand i t s service area to provide the same financing
services that i t is permitted to provide in the United States to (
I ) persons in Canada who make purchases from present and future a
f f i l i a t e s of Daimler-Benz AG ("DB") in Canada, the i r
respective dealers; the company current ly (A) provides dealers of
a f f i l i a t e s of DB in the United States with wholesale
financing in the form of loans to finance
17 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 .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 14 -
ACTIONS OF THE BOARD - Continued
dealers inventories secured by such inventories and (B) provides
customers of a f f i l i a t e s of DB in the United States and the
i r dealers with re ta i l financing consisting of purchases by the
company from such a f f i l i a t e s and the i r dealers of re ta
i l installment obligations undertaken by the customer in respect
of equip-ment purchased by the customer and of purchases of lease
receivables and dealer rental receivabl in respect of equipment
leased by the customer; in connection therewith, the company makes
avai lable, solely as an authorized agent, credit l i f e ,
accident and physical damage insurance) at 1815 South Marlow
Avenue, Portland, Oregon; 1002 Society Drive, Claymont, Delaware;
1530 Dunwoody Vil lage Parkway, Suite 100, Atlanta, Georgia; 2001
Midwest Road, Suite 310, Oak Brook, I l l i n o i s ; and 830
Northwest 19th Avenue, Portland, Oregon, through i t s subsidiary,
Freight l iner Credit Corporation (9/26/82) 3/
New York Manufacturers Hanover Corporation, New York, New York,
requests permission to relocate an exist ing o f f i ce engaging in
the following ac t i v i t i es (arranging, making, or acquiring
for i t s own account or for the account of others loans and other
extensions of credit such as would be made or acquired by a
mortgage company, servicing such loans and other extensions of c
red i t ; and acting as agent or broker for the sale of credit l i
f e insurance and credit accident and health insurance re lat ing
to such loans and other extensions of credi t ) from 4550 West
103rd Street, Oak Lawn, I l l i n o i s to 2028 Elm, Homewood, I l
l i n o i s , through i t s subsidiary, Manufacturers Hanover
Mortgage Corporation Inc. (9/25/82) 3/
New York Manufacturers Hanover Corporation, New York, New York,
requests permission to establish a de novo o f f i ce engaging in
the fol lowing acTTvities (making or acquiring loans and other
extensions of c red i t , secured or un-secured, such as could be
made or acquired by a finance company under I l l i n o i s
law;
77 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.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
-
ACTIONS OF THE BOARD - Continued
servicing such loans and other extensions of credit and acting
as agent or broker for the sale of credi t l i f e insurance d i
rec t ly related to such extensions of c red i t ; such ac t i v i
t i es w i l l include, but not be l imited t o , making consumer
installment loans, pur-chasing installment sales finance contracts,
making loans and other extensions of credit secured by real and
personal property, in-cluding real estate equity loans, and of fer
ing credi t - re lated single and j o i n t l i f e insurance and
decreasing or level term [ i n the case of single payment loans] l
i f e insurance and credi t accident and health insurance d i rec t
ly related to extension of credit made or ac-quired by Finance One
Mortgage of I l l i n o i s , Inc . , by licensed agents or
brokers, to the extent permissible under applicable State insurance
laws and regulations, th is o f f i ce w i l l serve the ent ire
State of I l l i n o i s ) at 2215 York Road, Oak Brook, I l l i n
o i s , through i t s subsidiary, Finance One Mortgage of I l l i n
o i s , Inc. (9/25/82) 3/
New York Manufacturers Hanover Corporation, New York, New York,
requests permission to expand the service area of an exist ing o f
f i ce (arranging, making, or acquiring for i t s own account or
for the account of others loans and other ex-tensions of credit
such as would be made or acquired by a mortgage company; servicing
such loans and other extensions of c red i t ; and acting as agent
or broker for the sale of credi t l i f e insurance and credit
accident and health insurance re lat ing to such loans and other
extensions of c red i t ; the o f f i ce presently serves customers
in Montgomery and Prince Georges Counties and i t w i l l continue
to serve these customers and proposes to ex-pand the service area
to include Calvert, Anne Arundel, Charles, Howard, Frederick,
Baltimore, Harford, St. Mary's and Worcester Counties in Maryland,
Sussex and Kent Counties in the State of Delaware and the D is t r
i c t of Columbia) at Maryland Trade Center, Suite 580, 7500
Greenway Center Drive, Lanham, Maryland, through i t s subsidiary,
Manufacturers Hanover Mortgage Corporation (9/25/82) 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.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 16 -
ACTIONS OF THE BOARD - Continued
Philadelphia Philadelphia National Corporation, Philadelphia,
Pennsylvania, no t i f i ca t ion of intent to en-gage in de novo
ac t i v i t i es ( in commercial finance and factoring ac t i v i
t i es including the so l i c i t a t i on and making of loans to
businesses and corporations secured by accounts receivable,
inventory, machinery and equipment and/or other commercial finance
col la tera l and the factoring of accounts receivable) at
Minneapolis City Center, 33 South Sixth Street, Minneapolis,
Minnesota, serving Minneapolis, Minnesota and surrounding areas,
through i t s subsidiary, Congress Financial Corporation (10/1/82)
3/
Chicago Northern Trust 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 (performing appraisals of real estate) at 1900 Spring Road,
Suite 102, Oak Brook I l l i n o i s , the geographic area to be
served w i l l be the ent i re 50 states of the United States,
through i t s subsidiary, Nortrust Farm Management, Inc. (9/28/82)
3/
St. Louis Boatmen's Bancshares, Inc. , St. Louis, Missouri, no t
i f i ca t ion of intent to engage through the locations of i t s
banking subsidiaries (the issuance and sale of i t s travelers
checks in accordance with the Board's Regulation Y) through an
unspecified number of correspondent banks and corporate customers
located throughout Missouri, the southern half of I l l i n o i s
and the eastern half of Kansas (9/28/82) 2J
Minneapolis Bank Shares Incorporated, Minneapolis, Minnesota, no
t i f i ca t ion of intent to engage in de novo ac t i v i t i es (
in leasing personal or real property in accordance with the Board's
Regu-la t ion Y) at 777 Marquette Avenue, Minneapolis, Minnesota,
serving the United States, through i t s subsidiary, Marquette
Lease Services, Inc. (9/28/82) 3/
Minneapolis F i rs t Bank System, Inc . , Minneapolis,
Minnesota, no t i f i ca t ion of intent to engage in de novo ac t
i v i t i es (to engage in the ac t i v i t i es that may be
performed by a t rus t company, including
37 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.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 17 -
ACTIONS OF THE BOARD - Continued
ac t i v i t i e s of a f iduc ia ry , agency or cus-todian
nature) at 10451 Palmera Drive, Sun Ci ty , Arizona, serving the
metropolitan area of Phoenix, Arizona, through i t s sub-sid iary F
i rs t Trust Company of Arizona (9/27/82) 3/
San BankAmerica Corporation, San Francisco, Ca 11-Francisco forn
ia , 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 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 credi t such as would be made or acquired by a
finance company; servicing loans and other extensions of c red i t
: and of fer ing credi t - re lated l i f e insurance and credi t -
re lated accident and health insurance. Credit-related property
insurance w i l l not be offered in the State of Indiana; such ac t
i v i t i es w i l l include, but not be l imited to , making
consumer in-stallment loans, purchasing sales finance contracts,
making loans and other extensions of credi t to small businesses,
making loans and other extensions of credi t secured by real and
personal property, and of fer ing credi t - re lated 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 ac-quired by
FinanceAmerica Corporation) in Indianapolis, Indiana, serving the
ent i re state cf Indiana, through i t s indi rect sub-s id ia ry ,
FinanceAmerica Corporation (an Indiana corporation) (10/2/82)
3/
San BankAmerica Corporation, San Francisco, Cal i -Francisco fo
rn ia , no t i f i ca t ion of intent to engage in
de novo ac t i v i t i e s (making or acquiring, for i t s own
account loans and other extensions of credi t such as would be made
or acquired by the finance company, servicing loans and other
extensions of c red i t ; and of fer ing credi t - re la ted l i f
e insurance, credi t - re lated accident and health insurance and
credi t - re lated property insurance; such ac t i v i t i es w i l
l include, but not be l imi ted to , making con-
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 .
I Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
-
H.2, 1982 No. 40 - 18 -
ACTIONS OF THE BOARD - Continued
sumer installment loans, purchasing installment sales finance
contracts, making loans and other extensions of credi t to small
businesses., making loans secured by real and personal property,
and of fer ing credi t - re lated l i f e , credi t - re lated
accident and health and cred i t -related property insurance d i
rec t ly related to extensions of credit made or acquired by
FinanceAmerica of Columbia Heights Inc.) at 19 N. 4th Street,
Moorehead, Minnesota, serving the ent i re States of Minnesota and
North Dakota, through i t s indirect subsidiary, FinanceAmerica of
Columbia Heights Inc. (a Minnesota corpor-ation [whose name w i l l
be changed to Finance-America of Moorhead Inc . ] ) (10/1/82)
3/
San Security Pacif ic Corporation, no t i f i ca t ion of
Francisco intent to engage in de novo ac t i v i t i es (to
engage in financing and industr ia l loan cor-poration ac t i v
i t i es including making, acquiring and servicing loans and other
extensions of c red i t ; se l l ing and issuing investment ce r t
i -f ica tes; and acting as agent for the sale of credi t - re
lated l i f e , credi t - re lated accident and health and credi t
- re lated property insurance, a l l as authorized by Cal i fornia
law) at 11480 South Street, Cerr i tos; 21535 North Hawthorne
Boulevard, Torrance; and 600 North Mountain Avenue, Upland, a l l
in Cal i forn ia, through i t s subsidiary, Security Pacif ic
Finance Money Center Inc. (10/1/82) 3/
Security Pacif ic Corporation, Los Angeles, Cal i forn ia, no t
i f i ca t ion of intent to relocate de novo ac t i v i t i es
(making or acquiring, for i t s own account or for the account of
others, loans and extensions of c red i 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 finance company; and acting as
broker or agent for the sale of credi t l i f e and credit accident
and health insurance) from 5012 Wellington Avenue, Ventnor Ci ty ,
New Jersey to Professional
San Francisco
37 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 .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
-
H.2, 1982 No. 40 - 19 -
ACTIONS OF THE BOARD - Continued
Plaza, 2021 New Road, Linwood, New Jersey, serving the State of
New Jersey, through i t s subsidiary, Security Pacif ic Finance
Corp. (9/30/82) 3/
* * * * *
Application for Modification of Deficiency Repayment
Requirements Under Plan Lender Provision of Regulation G, 12 CFR
207
Pursuant to delegated authori ty of the Director of the Division
of Banking Supervision and Regulation has approved the application
of Tidewater Inc . , to modify deficiency repay-ment requirements
under the Plan Lender provision of Regulation G.
37 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 .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
-
H.2, 1982 No. 40 - 2 0 -
APPLICATIONS RECEIVED
To Become A Member of the Federal Reserve System Pursuant to
Section 9 of the Federal Reserve Act
Richmond The New Bank, Vienna, V i rg in ia . 2/
* * * * *
To Merge Pursuant to Section 18(c) of the Federal Deposit
Insurance Act
Richmond The New Bank, Vienna, V i rg in ia , to merge with The
Business Bank, Vienna, Virg in ia. 2/
* * * * *
To Establish a Domestic Branch Pursuant to Section 9 of the
Federal Reserve Act
The Bank of New Jersey, Moorestown, New Jersey. To establish an
o f f s i t e electronic f a c i l i t y at Bellinawr Industr ial
Bank, Benigno Boulevard, BelImawr, New Jersey. 2/
M&I Marshall & I ls ley Bank, Milwaukee, Wisconsin. To
establish an o f f s i t e electronic f a c i l i t y at The Grand
Avenue Mall, Milwaukee, Wisconsin. 2/
Michigan Bank - Port Huron, Port Huron, Michigan. To establish
an o f f s i t e electronic f a c i l i t y at the fol lowing
locations: 1661 21 Mile Road, Macomb Township, Michigan; 21 E. Long
Lake Road, Bloomfield H i l l s , Michigan; 601 S. Main Street, Ann
Arbor, Michigan and 2789 Plymouth Road, Ahn Arbor, Michigan. 2/
Michigan-Bank - Port Huron, Port Huron, Michigan. To establish
an o f f s i t e electronic f a c i l i t y at 1101 S. University,
Ann Arbor, Michigan. 2/
Bankers Trust Company, Des Moines, Iowa. To establish an ATM to
be located at Carriers Bui lding, 601 Locust, Des Moines, Iowa.
2/
~2j 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.
New York
Chicago
Chicago
Chicago
Chicago
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Reserve Bank of St. Louis
-
H.2, 1982 No. 40 - 21 -
APPLICATIONS RECEIVED - Continued
Chicago The De Kalb Bank, De Kalb, I l l i n o i s . To
establish an o f f s i t e electronic f a c i l i t y at 125 North
Annie Glidden Road, De Kalb, I l l i n o i s . 2/
* * * * *
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
San BankAmerica International Financial Corporation, Francisco
San Francisco, Cal i forn ia: no t i f i ca t ion
of the establishment of BA Futures Limited, London, England, a
futures commission merchant.
* * * * *
To Establish an Overseas Branch of a Member Bank Pursuant to
Section 25 of the Federal Reserve Act
Philadelphia Philadelphia National Bank, Philadelphia,
Pennsylvania: pr ior no t i f i ca t i on of i t s intent to
establish a branch to be located at 807 Pacif ic Bank Makati Bui
lding, 6776 Ayala Avenue, Makati, Metro Manila, Phil ippines.
* * * * *
To Form a Bank Holding Company Pursuant to Section 3(a)(1) of
the Bank Holding Company Act of 1956
Richmond Flat Top Bankshares, Inc . , B luef ie ld, West V i rg
in ia , for approval to acquire 100 per-cent of the voting shares
of The Flat Top National Bank of Bluef ie ld, Bluef ie ld, West V i
rg in ia . 2/
~Tj 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 the comment period.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
-
H.2, 1982 No. 40 - 2 2 -
APPLICATIONS RECEIVED - Continued
Atlanta
Atlanta
Atlanta
Atlanta
Atlanta
Chicago
Chicago
Chicago
Chicago
BOC Bancorp, Inc . , Woodbury, Tennessee, for approval to
acquire 100 percent of the voting shares of Bank of Commerce,
Woodbury, Tennessee. 2/
Citizens F i rs t Bancshares, Inc . , Ocala, Florida, for
approval to acquire at least 80 percent of the voting shares of
Citizens F i rs t Bank of Ocala, Ocala, Flor ida. 2/
Guaranty Bancshares Holding Corporation, Morgan Ci ty ,
Louisiana, for approval to acquire 100 percent of the voting shares
of Guaranty Bank & Trust Company of Morgan Ci ty , Morgan Ci ty
, Louisiana. 2/
Republic Bancshares, Inc. , Winchester, Tennessee, for approval
to acquire at least 80 percent of the voting shares of Franklin
County Bank, Winchester, Tennessee. 2/
United Bancshares, Inc. , Lake Charles, Louisiana, for approval
to acquire 100 percent of the voting shares of American Bank of
Commerce, Lake Charles, Louisiana. 2/
FIRST CRAWFORDSVILLE FINANCIAL CORPORATION, Craw-fordsvi1 le,
Indiana, for approval to acquire 100 percent of the voting shares
of the successor by merger to The F i rs t National Bank and Trust
Company of Crawfordsvil ie, Crawfords-v i l l e , Indiana. 2J
Harbor Springs Financial Corporation, Harbor Springs Michigan,
for approval to acquire 100 percent of the voting shares of Harbor
Springs State Bank, Harbor Springs, Michigan. 2/
HUNTLEY BANCSHARES, INC., Huntley, I l l i n o i s , for
approval to acquire 80 percent or more of the voting shares of
State Bank of Huntley, Huntley, I I l i n o i s . 2!
South Sangamon Banc Shares, Inc . , Divernon, I l l i n o i s
for approval to acquire 100 percent of the voting shares (less di
rectors ' qual i fy ing shares) of the successor by merger to
Community Bank of Divernon, Divernon, I l l i n o i s . 2/
77 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.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 23 -
APPLICATIONS RECEIVED - Continued
St. Louis
St . Louis
St . Louis
St. Louis
Minneapolis
Kansas City
Kansas City
Kansas City
Kansas City
Kansas City
Dawson Springs Bancorp, Inc . , Dawson Springs, fo r approval to
acquire at least Kentucky, , w. r r , ^
80 percent of the voting shares of Commerc Bank of Dawson,
Dawson Springs, Kentucky.
F i r s t Charlestown Corporation, Charlestown, Indiana, for
approval to acquire at least 80 percent of the voting shares of F i
rs t Bank of Charlestown, Charlestown, Indiana. 21
Old National Bancorp, Evansvi l le, Indiana, for approval to
acquire 100 percent of the voting shares of the successor by merger
to Old National Bank in Evansvi l le, Evansvi l le, Indiana. 27
Piggott Bankstock, Inc . , P iggot t , Arkansas, for approval to
acquire at least 80 percent of the voting shares of Piggott State
Bank, Piggot t , Arkansas. 2/
Carver County Bancshares, Inc . , Chaska, Minnesota, for
approval to acquire 95 percent of the voting shares of Carver
County State Bank, Chaska, Minnesota. 2/
Abanc Holding, I nc . , El Dorado, Kansas, for approval to
acquire at least 96.81 percent of the voting shares of Augusta Bank
and Trust , Augusta, Kansas, 2/
CSB Banco, Inc . , L incoln, Nebraska, for approval to acquire
at least 19,500 nonvoting shares of Cit izens State Banco, Lincoln,
Nebraska, and i nd i rec t l y Cit izens State Bank, Lincoln,
Nebraska. 2/
Downing Investment Co., I nc . , E l l i s , Kansas, for
approval to acquire 24.9 percent of the voting shares of E l l i s
State Bank, E l l i s , Kansas, and 81.5 percent of the voting
shares of Americus State Bank, Americus, Kansas. 2/
Fi rs t Ada Bancshares, Inc . , Ada, Oklahoma, for approval to
acquire at least 80 percent of the voting shares of The F i r s t
National Bank and Trust Company of Ada, Ada, Oklahoma. 2]
Fi rs t Edmond Bancshares, Inc . , Edmond, Oklahoma, for
approval to acquire at least 80 percent of
77 Appl icat ion subject to Community Reinvestment Act. The
Community A f f a i r s Of f i ce r of the applicable Reserve Bank
may be contacted as to the length of the comment period.
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Reserve Bank of St. Louis
-
H.2, 1982 No. 40 - 24 -
Dal las
Dallas
Dal las
San Francisco
San Francisco
San Francisco
San Francisco
APPLICATIONS RECEIVED - Continued
the voting shares of The F i rs t National Bank of Edmond,
Edmond, Oklahoma. 2/
Alamo Corporation of Texas, Alamo, Texas, for approval to
acquire 100 percent of the voting shares of Alamo Bank of Texas,
Alamo, Texas, Central National Bank, Pharr, Texas, a pro-posed new
bank, and McAllen National Bank, McAllen, Texas, a proposed new
bank. 2/
Fi rs t New Mexico Financial Corporation, Deming, New Mexico,
for approval to acquire 80 percent or more of the voting shares of
Deming National Bank, Deming, New Mexico. 2/
Promenade Bancshares, Inc . , Richardson, Texas, for approval to
acquire 100 percent of the voting shares of Promenade National
Bank, Richardson, Texas. 2/
Delta National Bancorp, Manteca, Cal i forn ia , for approval to
acquire 100 percent of the voting shares of successor by merger to
Delta National Bank, Manteca, Cal i forn ia. 2/
Independent Bancorp, Lynden, Washington, for approval to acquire
100 percent of the voting shares of Peoples State Bank, Lynden,
Washington. 1)
Kings River Bancorp, Reedley, Cal i forn ia , for approval to
acquire 100 percent of the voting shares of Kings River State Bank,
Reedley, Ca l i fo rn ia . 2!
Landmark Bancorp, La Habra, Cal i fo rn ia , for approval to
acquire 100 percent of the voting shares of Landmark Bank, La
Habra, Cal i forn ia. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of
the Bank Holding Company Act of 1956
Atlanta C.S.B. Corporation, Marianna, Flor ida, for approval to
acquire at least 80 percent of the voting shares of Gadsden State
Bank, Chattahoochee, Flor ida. 2/
2/ Application subject to Community Reinvestment Act. The
Community A f fa i rs Of f icer of the applicable Reserve Bank may
be contacted as to the length of the comment period.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 25 -
APPLICATIONS RECEIVED - Continued
Atlanta
Atlanta
Chicago
Minneapolis
Kansas City
Dallas
Dal las
Flagship Banks Inc . , Miami, Flor ida, for approval to acquire
1U0 percent of the voting shares of Flagship National Bank of
Citrus County, Crystal River, Flor ida, a proposed new bank. 2/
Florida National Banks of Flor ida, Inc. , Jackson-v i l l e ,
Flor ida, for approval to acquire at least 80 percent of the voting
shares of Kings!ey Bank, Orange Park, Flor ida. 2/
Valley Bancorporation, Appleton, Wisconsin, for approval to
acquire a l l of the assets of United Bankshares, Inc. , Green Bay,
Wisconsin, and ind i rec t ly 100 percent of the voting shares of
West Bank and Trust, Green Bay, Wisconsin, East Bank, Green Bay,
Wisconsin, and United Bank of Green Bay, Green Bay, Wisconsin.
2/
Dakota Bankshares, Inc . , Fargo, North Dakota, for approval to
acquire at least 80 percent of the voting shares of Dakota Bank of
Wahpeton9 Wahpeton, North Dakota, a proposed new bank. 2J
Fremont Bancshares, Inc . , Lincoln, Nebraska, for approval to
acquire at least 74,000 nonvoting shares of CSB Banco, Inc. ,
Lincoln, Nebraska and ind i rec t ly Citizens State Bank, Lincoln,
Nebraska and Fremont State Bancshares, Inc. , Lincoln, Nebraska for
approval to acquire at least 19,500 nonvoting shares of CSB Banco,
Inc . , Lincoln, Nebraska and ind i rec t l y Citizens State Bank,
Lincoln, Nebraska. 2/
Al l ied Bancshares, Inc . , Houston, Texas, for approval to
acquire 100 percent of the voting shares of A l l ied Bank River
Bend, Dallais, Texas, a proposed new bank. 2/ \
American Bancorporation, Inc . , Longview, texas, for approval
to acquire 100 percent of the voting shares of Texas Bank &
Trust in Wichita Fal ls , Wichita Fal ls , Texas. 2j
* * * * *
77 Application subject to Community Revinvestment Act. The
Community A f fa i rs Off icer of the applicable Reserve Bank may
be contacted as to the length of the comment period.
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Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 2 6 -
APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of
the Bank Holding Company Act of 1956
Boston Hospital Trust Corporation, Providence, Rhode Island, no
t i f i ca t ion of intent to engage in de novo ac t i v i t i es (
in the or ig inat ion, sale and servicing of residential and
commercial mortgage loans) in Charlotte and Raleigh, North
Carolina; At lanta, Georgia and Miami, Flor ida, serving North
Carolina, South Carolina, Flor ida, Georgia, V i rg in ia, the D is
t r i c t of Columbia, Maryland, Delaware and Pennsylvania, through
i t s subsidiary, RIHT Mortgage Corporation (9/29/82)
New York The Bank of New York Company, Inc. , New York, New
York, requests permission to establish a de novo o f f i ce
engaging in the fol lowing ac t i v i t i e s (performing or
carrying on any one or more of the functions or ac t i v i t i es
of a f iduc iary , investment advisory, agency or custodian nature,
in the manner authorized by Federal law) at 800 Brickel l Avenue,
Miami, Flor ida, through i t s subsidiary, The Bank of New York
Trust Company of Flor ida, National Association (10/1/82)
New York Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, request permission to relocate an
o f f i ce of the i r exist ing subsidiaries, BarclaysAmerican/
Financial, Inc. ("BAF"), and BarclaysAmerican/ Retail Services,
Inc. ("BARS"), engaging in the fol lowing ac t i v i t i es ( ( i )
making direct consumer loans, including loans secured by real
estate, and purchasing sales finance contracts representing
extensions of credi t such as would be made or acquired by a
consumer finance company, and wholesale financing [ f l oo r
planning] and ( i i ) acting as agent for the sale of related
credit l i f e , credi t accident and health and credit property
insurance, credi t l i f e and credit accident and health insurance
sold as agent may be underwritten or reinsured by Barclays-American
Corporation1s insurance underwriting subsidiaries) from 4141 South
Salina Street, Syracuse, New York to Bayberry Plaza, 7650 Oswego
Road, Liverpool, New York, through the i r subsidiaries, BAF and
BARS. (9/28/82)
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Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 2 7 -
APPLICATIONS RECEIVED - Continued
New York Ci t icorp, New York, New York, requests per-mission to
expand the ac t i v i t i es of 28 exist ing of f ices (the sale of
credi t related property and casualty insurance protecting real and
personal property subject to a security agreement with Cit icorp
Homeowners, Inc. to the extent permissible under appl i -cable
State insurance laws and regulations) at 7260 E. Indian School Rd.,
Scottsdale; 2077 East Camel back Rd., Phoenix; Tri City Mal l ,
1836 West Main Street, Mesa; 143 Valley West Mall, 5719 West
Northern Ave., Glendale; 9861 Metro Parkway West, Phoenix; 111 E.
Missouri Avenue, Phoenix; Thomas Mall , 4421 A East Thomas Road,
Phoenix and Chris Town Shopping Center, 1558 West Montebello,
Phoenix, a l l in Arizona; 21707 Hawthorne Boulevard, Torrance; Two
City Boulevard East, Orange; 119 North Central Avenue, Glendale;
Four Seasons Office Bldg., 4827 Sepulveda Blvd., Sherman Oaks;
Financial Plaza Office Bldg., 1661 Hanover, City of Industry; 290
North "D" Street, San Bernardino and 600 City Parkway West, Orange,
a l l in Cal i forn ia ; 9550 Regency Square Blvd., Jackson-v i l l
e ; 5514 N. Davis Highway, Pensacola; 7261 U.S. 19 North, Pinellas
Park; Windmill Gate Shopping C t r . , 16403 N.W. 67th Ave., Miami
Lakes; Dale Mabry Executive C t r . , 3725 Grace St . , W., Tampa;
Center Pointe Off ice Bldg., 4000 N. State Rd. 7, Fort Lauderdale;
Executive Centre, 2300 Palm Beach Lakes Blvd. , West Palm Beach;
1915 North Monroe, Tallahassee and 124 E. Colonial Drive, Orlando,
a l l in Flor ida; 12400 1-45 & Greens Rd., Houston; 5501 LBJ
Freeway, Dallas; 5360 Fredericksberg Rd., San Antonio and 6620
Harwin Drive, Houston, a l l in Texas, through i t s subsidiary,
Cit icorp Home-owners, Inc. , (Delaware) (9/29/82)
New York Ci t icorp, New York, New York, requests permission to
expand the ac t i v i t i es of six exist ing of f ices (the sale
of credi t related property and casualty insurance protecting real
and personal property subject to a security agreement with Cit
icorp Person-to-Person T h r i f t , Inc. to the extent permissible
under applicable State insurance laws and regulations) at 542
Broadway, Chula Vista; 362 West Mission Ave., Escondido; 4525
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Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 28 -
APPLICATIONS RECEIVED - Continued
La Jo l la Vi l lage Dr . , San Diego; 434 Fletcher Parkway, El
Cajon; 1400 Camino De La Reina, San Diego and 119 North Central
Ave., Glen-dale, a l l located in Cal i fo rn ia , through i t s
subsidiary, Cit icorp Person-to-Person T h r i f t , Inc.
(Domestic) (9/29/82)
New York C i t i corp , New York, New York, requests per-mission
to relocate two exist ing o f f ices of i t s subsidiar ies, Cit
icorp Person-to-Person Financial Center, Inc . , ("CPFC"), and C i
t i -corp Homeowners, Inc . , ("CHI"), (CPFC engages in 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 l o o r
planning] and working capi tal 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 consumer oriented f inancial management courses; the servic ing,
for any person, of loans and other extensions of c red i t ; the
making, acquir ing, and servicing, for i t s own account and for
the account of others, of extensions of credi t to individuals
secured by l iens on resident ial or non-residential real estate;
and the sale of mortgage l i f e and mortgage d i sab i l i t y
insurance d i rec t l y related to extensions of mortgage loans)
(CHI engages in the making or acquiring of loans and other
extensions of c red i t , secured or unsecured, for consumer and
other purposes; the sale of credi t related l i f e and accident
and health or decreasing or level [ i n the case of single payment
loans] term l i f e insurance by licensed agents or brokers, as
required; the sale of consumer oriented f inancial manage-ment
courses; the servic ing, for any person, of loans and other
extensions of c red i t ; the making, acquir ing, and servicing,
for i t s own account and for the account of others, of extensions
of credi t to individuals secured by l iens on resident ial or
non-residential real estate; and the sale of mortgage l i f e and
mortgage d i sab i l i t y insurance d i rec t l y related to
extensions of mortgage loans; the
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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H.3, Ut +o. 40 - 29 -
APPLICATIONS RECEIVED - Continued
service area for the o f f i ce of CPFC and CHI dt Che new
location w i l l be comprised of the ent i re States of Missouri
and Kansas for a l l of 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 L i fe
# Insurance Company, an a f f i l i a t e of CPFC and CHI) from
310 E. 12th Street, Kansas Ci ty , Missouri to 8800 E. 63rd Street,
Raytown, Missouri, through i t s subsidiar ies, CPFC and CHI
(10/1/82)
New York C i t icorp , New York * New York, requests permission
to expand the ac t i v i t i es of f ive exist ing of f ices (the
making, acquiring or servicing or consumer loans and other
extensions of credi t secured by f i r s t mortgage or f i r s t t
rust l iens or de-creasing or level [ i n the case of single
payment loans] term l i f e insurance by licensed agents or
brokers, as required; the sale of consumer oriented f inancial
management courses; the ser-v ic ing, for any person, of loans and
other extensions of c red i t ; and the sale of mortgage l i f e
and mortgage d i sab i l i t y insurance d i rec t ly related to
extensions of mortgage loans, credi t related l i f e , accident,
and health insurance may be underwritten by Family Guardian L i fe
Insurance Company, an a f f i l i a t e of Ci t icorp Financial,
Inc.) at 7720 York Road, Towson, Maryland; 8200 Perry Hall
Boulevard, Baltimore, Maryland; 3500 East-West Highway,
Hyattsvi1le, Maryland; Harundale Mall , Ritchie Highway and
Aquahart Road, Glen Burnie, Maryland and Springf ield Mal l , P.O.
Box 789, Spr ingf ie ld, V i rg in ia , through i t s subsidiary,
Ci t icorp, Financial , Inc. (10/1/82)
Philadelphia FB&T Corporation, Hanover, Pennsylvania, 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 consumer finance a c t i v i t i e s , including the extension
of d i rect loans to consumers, the discount of re ta i l and
installment notes or contracts the extension of d i rect loans to
dealers for the financing of inventory [ f l oo r planning]; and
acting as agent for the sale of l i f e , accident and health
insurance d i rec t l y related to i t s extensions of credi t ) at
38 York Street, Hanover, Pennsylvania, serving the county in which
the o f f i ce is located and those portions of contiguous counties
in Pennsylvania within a 15-mile radius of the o f f i ce , through
i t s sub-sidiary , Hanover Consumer Discount Company (9/29/82)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 3 0 -
APPLICATIONS RECEIVED - Continued
Richmond
Richmond
Atlanta
Chicago
Equitable Bancorporation, Baltimore, Maryland, no t i f i ca t
ion of intent to engage in de novo ac t i v i t i e s (acting as a
sales agent o? Travelers Express Company, Inc. , for the sale
through the a f f i l i a t e d banks of the holding company of
money order drawn on Travelers Express Company, Inc.) at 100 South
Charles Street, Baltimore, Maryland (10/1/82)
Union Trust Bancorp, Baltimore, Maryland, no t i f i ca t ion of
intent to engage in de novo ac t i v i t i e s (making installment
loans to individuals for personal, family or household purposes;
purchasing sales finance contracts executed in connection with the
sale of personal, family or household goods or services; acting as
agent in the sale of credi t l i f e and credi t accident and
health insurance d i rec t ly related to i t s extensions of c red
i t ; acting as agent in the sale of insurance protecting co l la
tera l held against the extensions of c red i t ; and making second
mortgage loans secured in whole or in part by mortgages or other l
iens on real estate) at 708 North Edgewood Avenue, Jacksonvil le,
Flor ida, through i t s subsidiary, Landmark Financial Services,
Inc. (9/29/82)
F i rs t Railroad & Banking Company, Augusta, Georiga, 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
(making consumer installment loans secured by note, household
goods, and f i r s t or second mortgages on real estate up to
$15,000; purchasing installment sales contracts up to $3,500;
underwriting credi t l i f e and accident and health insurance; and
se l l ing as agent property insurance in connection with i t s
loan and installment sales contracts) in Waynesville, North
Carolina, covering a service area encom-passing Haywood County,
through i t s subsidiary CMC Group. Inc. (9/22/,82)
Valley Bancorporation, Appleton, Wisconsin, for approval to
acquire Uniban Services, Inc . , Green Bay, Wisconsin, a
wholly-owned sub-sidiary of United Bankshares, Inc . , that engages
in the leasing of personal property.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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H.2, 1982 No. 40 - 3 1 -
APPLICATIONS RECEIVED r Continued
Kansas City
Dal las
Valley Falls Insurance, Inc. , Valley Fal ls , Kansas, no t i f
i ca t ion of intent to engage in de novo ac t i v i t i es
(engaging in consumer finance a c t i v i t i e s , including the
extension of d i rect loans to consumers in accordance with the
Board's Regulation Y) at 406 Broadway, Valley Fal ls , Kansas,
serving the community of Valley Fal ls , Kansas (9/28/82)
Nasher Financial Corporation, Dallas, Texas, no t i f i ca t ion
of intent to engage in de novo ac t i v i t i e s (making or
acquiring, for i t s own account or for the account of others,
loans and other extensions of credit ( including issuing le t te rs
of credi t and accepting draf ts) such as would be made by a bank
or bank related f inancial i ns t i t u t i on pursuant to Sections
225.4 (b)(1), of Regulation Y and 4(c)(8) of the Bank Holding
Company Act; spec i f i ca l l y , NorthPark National Cor-poration
w i l l concentrate i t s lending ac t i v i t i e s toward
commercial and industr ia l concerns in i t s service area,
including manufacturing, r e t a i l , wholesale, energy, real
estate and service type industr ies) at 1300 NorthPark Center,
Dallas, Texas, serving the Dallas/ Fort Worth Metroplex area,
consisting of Dallas, Tarrant, Co l l in , Denton, E l l i s ,
Rock-wall and Kaufman Counties, through i t s sub-s id ia ry ,
Northpark National Corporation (9/28/82)
San Franci sco
San Francisco
BankAmerica Corporation, San Francisco, Cal i forn ia , no t i f
i ca t ion of intent to expand the de novo ac t i v i t i e s (to
include a l l functions or act iv -i t i e s that may be performed
or carried on by a t rus t company pursuant to Section 225.4(a)(4)
of Regulation Y) at 65 Broadway, New York, New York, serving the
United States, through i t s subsidiary, BankAmerica Securities
Services Company of New York (A Limited Purpose Trust Company)
(9/28/82)
F i rs t Interstate Bancorp, Los Angeles, Cal i forn ia, no t i
f i ca t ion of intent to expand de novo ac t i v i t i es ( in the
ac t i v i t y of act ing, as re-insurer for credi t l i f e
insurance which is d i rec t l y related to extensions of credi t
by the Bank Holding Company System; such expanded ac t i v i t y w
i l l be performed by F i rs t Interstate
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
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I
H.2, 1982 No. 40 - 32 -
APPLICATIONS RECEIVED - Continued
Life Insurance Company 1n the State of Nevada, such activit ies
have been specified by the Board in Section 225.4(a)(10) of
Regulation Y) (9/24/82)
REPORTS RECEIVED
None.
PETITIONS FOR RULEMAKING
None.
i
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis