h2_19801108.pdf

ANNOUNCEMENT BY

APPLICABLE RESERVE BANK

Chicago

New York

A t l a n t a

Chicago

Kansas C i ty

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1980 No. 45)

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

Received During t h e Week Ending November 8, 1980

ACTIONS OF THE BOARD

Nonmember d e p o s i t o r y i n s t i t u t i o n s , t h e Board w i l l permit Reserve Banks to open c l e a r i n g accoun t s f o r nonmember d e p o s i t o r y i n s t i t u t i o n s fo r s e t t l emen t purposes beginning November 13, 1980 r a t h e r than when p r i c i n g f o r s e r v i c e s i s implemented.

The Board announced the appointment of Laura M. Homer as S e c u r i t i e s Cred i t O f f i c e r .

LaSal le Nat iona l Bank, Chicago, I l l i n o i s , t o accept commer-c i a l d r a f t s or b i l l s of exchange up to 100 percent of i t s pa id -up and unimpaired c a p i t a l s t o c k and s u p l u s . \ J

Long I s l a n d Trus t Company, Garden C i t y , New York, to accept commercial d r a f t s o r b i l l s of exchange up to 100 percen t of i t s pa id-up and unimpaired c a p i t a l s t o c k and s u r p l u s . V

Alabama Bancorpora t ion , Birmingham, Alabama, e x t e n s i o n of t ime to December 15, 1980, w i t h i n t*iich to a c q u i r e C i t i z e n s Bank & T r u s t Company, A l a b a s t e r , Alabama. JL/

A s t o r i a Investment Company, A s t o r i a , I l l i n o i s , ex t ens ion of t ime to January 1, 1981, w i th in which to become a bank holding company through t h e a c q u i s i t i o n of 100 percent of the v o t i n g s tock of Farmers S t a t e Bank of A s t o r i a , I l l i n o i s . v

Banc s h a r e s of Woodward, I n c . , Woodward, Oklahoma, e x t e n s i o n of t ime to November 15, 1980, w i t h i n which to consummate the a c q u i s i t i o n of The Bank of Woodward, Oklahoma. \ j

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

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

H.2, 1980 No. 45 - 2 -

ACTIONS OF THE BOARD-Continued

A t l a n t a Bay Bancorpora t ion , I n c . , Riverview, F l o r i d a , ex t ens ion of t ime to February 19, 1981, w i t h i n v*iich to become a bank hold ing company by a c q u i r i n g 89.51 percen t of Bank of Riverview, Riverview, F l o r i d a . \ J

A t l a n t a E l l i s Banking Corpo ra t i on , Bradenton, F l o r i d a , e x t e n s i o n of time to February 4 , 1981, to a c q u i r e 51 percent o r more of the ou t s t and ing vo t ing sha re s of American Bank of Lakeland, Lakeland, F l o r i d a . 1/

Dal las F i r s t Nat ional Bancorp, I n c . , Sh revepo r t , L o u i s i a n a , e x t e n -sion of t ime to February 16, 1981, w i t h i n vriiich to con-summate the a c q u i s i t i o n of The F i r s t Nat ional Bank of Sh revepo r t , Sh revepo r t , L o u i s i a n a . JL/

Chicago F i r s t S c h i l l e r Bancorp, I n c . , S c h i l l e r Park , I l l i n o i s , e x t e n -sion of t ime to January 24, 1981, w i t h i n d i i ch to become a bank ho ld ing company through the a c q u i s i t i o n of 80 p e r -cent o r more of t h e v o t i n g s h a r e s of F i r s t Na t iona l Bank of S c h i l l e r Park , S c h i l l e r Park , I l l i n o i s . \ J

Chicago FIRST STATE FINANCIAL CORPORATION, East D e t r o i t , Michigan, ex tens ion of time to February 9, 1981, w i th in which to become a bank holding company through the a c q u i s i t i o n of F i r s t S t a t e Bank of East D e t r o i t , Eas t D e t r o i t , Michigan. 1/

Chicago FNB Bancorp. , I n c . , Chicago He igh t s , I l l i n o i s , e x t e n s i o n of t ime to February 11, 1981, w i t h i n which to become a bank ho ld ing company through a c q u i s i t i o n of 100 percen t of the v o t i n g s h a r e s of F i r s t Na t iona l Bank in Chicago He igh t s , Chicago He igh t s , I l l i n o i s . JV

Kansas Ci ty Mountain Holding, I n c . , Aurora , Colorado, ex tens ion of t ime to November 30, 1980, w i th in which to consummate the acqu i -s i t i o n of J e f f e r s o n Bank E a s t , Aurora , Colorado. 1/

Chicago Nat ional Bancshares , I n c . , Melrose Park, I l l i n o i s , e x t e n s i o n of t ime to January 14, 1981, w i t h i n trtiich to become a bank hold ing company through the a c q u i s i t i o n of 100 percen t of t h e v o t i n g s h a r e s of the successor by merger to Melrose Park Nat iona l Bank, Melrose Park , I l l i n o i s . 1/

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


H.2, 1980 No. 45 - 3 -


A t l a n t a Peach t r ee Bancshares , I n c . , A t l a n t a , Georg ia , e x t e n s i o n of t ime to January 9, 1981, w i t h i n vrtiich to become a bank ho ld ing company by a c q u i r i n g 100 pe rcen t of Peach t ree Bank and Trus t Company, A t l a n t a , Georg ia . If

A t l a n t a Persons Banking Company, I n c . , Fo r sy th , Georgia , e x t e n s i o n of t ime to January 31, 1981, w i t h i n vdiich to become a bank ho ld ing comapny by a c q u i r i n g Farmers Bank, Forsy th , Georgia and The Peoples Bank, L i t h o n i a , Georgia .

A t l a n t a P r o g r e s s i v e Bancshares Corpo ra t i on , Houma, L o u i s i a n a , e x t e n -sion of t ime to February 5, 1981, w i t h i n v*iich to con-summate the o rde r g r a n t i n g approval f o r i t to a cqu i r e P r o g r e s s i v e Bank and Trus t Company, Houma, L o u i s i a n a . If

Minneapol is Secu r i ty S t a t e Agency of A i t k i n , I n c . , A i t k i n , Minnesota, ex tens ion of t ime w i t h i n vrtiich to consummate the a c q u i s i t i o n of S e c u r i t y S t a t e Bank of A i t k i n , A i t k i n , Minnesota. \ j

A t l a n t a T rus t Company of Georgia , A t l a n t a , Georg ia , ex tens ion of time to January 13, 1981, w i th in which to a c q u i r e 80 p e r -cent of F i r s t Na t iona l Bank of McDonough, McDonough, Georgia . 1/

Chicago Davenport Bank and Trus t Company, Davenport , Iowa, an i n v e s t -ment in bank premises . If

Chicago S p r i n g f i e l d Marine Bank, S p r i n g f i e l d , I l l i n o i s , an a d d i t i o n a l investment i n bank premises . \ j

Chicago Issuance of a subord ina ted c a p i t a l no te by Wayne Bank, Wayne, Michigan. JL/

A t l a n t a Terminat ion of r e g i s t r a t i o n f o r Mutual P roduc t ion Cred i t A s s o c i a t i o n , Dub l in , Georgia . If

New York BT Nat ional Bank, Albany, New York, proposal to merge Bankers Trus t of Binghamton, Binghamton, New York; r e p o r t to t h e Comptrol ler of the Currency on compet i t ive f a c t o r s . J 7

New York Buf fa lo Savings Bank, B u f f a l o , New York, proposal to merge Jamestown Savings and Loan A s s o c i a t i o n , Jamestown, New York; r e p o r t to t h e Federa l Deposi t Insurance Corpora t ion on compet i t ive f a c t o r s . 1/

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


H.2, 1980 No. 45 - 4 -


Chicago F i r s t Na t iona l Bank of Deca tur , Deca tu r , I l l i n o i s , f o r p r i o r approval to merge with Third Na t iona l Bank of Deca tu r , D e c a t u r , I l l i n o i s , under the c h a r t e r and t i t l e of The F i r s t Na t iona l Bank of Deca tu r , Deca tu r , I l l i n o i s ; r e p o r t to the Comptrol ler of the Currency on compet i t ive f a c t o r s . 1/

New York

San F ranc i sco

Greenwich Savings Bank, New York, New York, p roposa l to merge Guardian Federa l Savings and Loan A s s o c i a t i o n , North-p o r t , New York; r e p o r t to the Federa l Deposi t Insurance Corpora t ion on compe t i t i ve f a c t o r s . V

H e r i t a g e Merger Corpora t ion , Anaheim, C a l i f o r n i a , proposed merger with and i n t o H e r i t a g e Bank, Anaheim, C a l i f o r n i a , under the t i t l e and c h a r t e r of the l a t t e r ; r e p o r t to the F e d e r a l Deposit Insurance Corpora t ion on c o m p e t i t i v e f a c t o r s . 1/

San PVB F i n a n c i a l Corpora t ion , San J o s e , C a l i f o r n i a , proposed F ranc i sco merger with and i n t o P a c i f i c Va l l ey Bank, San J o s e , C a l i -

f o r n i a ; r e p o r t to the Federa l Deposi t Insurance Corpora-t i o n on compe t i t i ve f a c t o r s . \J

Dal la s S c h r e i n e r Bank, K e r r v i l l e , Texas , proposed merger w i t h F i r s t S c h r e i n e r Bank, K e r r v i l l e , Texas; r e p o r t to t h e Fede ra l Depos i t Insurance Corpora t ion on compet i t ive f a c t o r s . 1/

San S e a t t l e F i r s t Nat iona l Bank, S e a t t l e , Washington, proposed F ranc i s co merger of two branches of S e a t t l e F i r s t w i th R a i n i e r

Na t iona l Bank, S e a t t l e , Washington; r e p o r t to t h e Comptrol ler of the Currency on compet i t ive f a c t o r s . 1/

Chicago Suburban Nat iona l Bank of Elk Grove V i l l a g e , El Grove V i l l a g e , I l l i n o i s , f o r p r i o r approval to merge w i t h Elk Grove Nat ional Bank, Elk Grove V i l l a g e , I l l i n o i s , under the c h a r t e r and t i t l e of Suburban Nat ional Bank of Elk Grove V i l l a g e , I l l i n o i s ; r e p o r t to t h e Comptrol ler of t h e Currency on com-p e t i t i v e f a c t o r s . 1/

Chicago Suburban Na t iona l Bank of P a l a t i n e , P a l a t i n e , I l l i n o i s , fo r p r i o r approval to merge w i th Subpal Nat iona l Bank, P a l a t i n e , I l l i n o i s , under the c h a r t e r and t i t l e of Suburban Na t iona l Bank of P a l a t i n e , P a l a t i n e , I l l i n o i s ; r e p o r t to the Comp-t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . 1/

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


H.2, 1980 No. 45 - 5 -


Chicago Suburban Nat ional Bank of Woodf ie ld , Schaumburg, I l l i n o i s , f o r p r i o r approval to merge wi th Woodfield Na t iona l Bank, Schaumburg, I l l i n o i s , under the c h a r t e r and t i t l e of Suburban Nat iona l Bank of Woodf ie ld , Schaumburg, I l l i n o i s ; r e p o r t to the Comptrol ler of the Currency on compet i t ive f a c t o r s . J 7

Da l l a s White Rock Bank of D a l l a s , D a l l a s , Texas , proposed merger with New White Rock Bank, D a l l a s , Texas; r e p o r t to t h e Federa l Deposi t Insurance Corpora t ion on compet i t ive f a c t o r s . 1/

Boston York County Savings Bank, B idde fo rd , Maine, proposed conso l -i d a t i o n wi th Brunswick Savings I n s t i t u t i o n , Brunswick, Maine; r e p o r t to the Federa l Deposi t Insurance Corpora-t i o n on compe t i t i ve f a c t o r s . 1/

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


H. 2 , 1980 No. 45 - 6 -


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

Approved P h i l a d e l p h i a Girard Bank, Bala Cynwyd, Pennsy lvan ia . To e s t a b l i s h an

o f f s i t e e l e c t r o n i c f a c i l i t y a t the Smith Kl ine B u i l d i n g , 1500 Spr ing Garden S t r e e t , P h i l a d e l p h i a , Pennsy lvan ia . 1/ & 2/

* * * * *

To Become a Member of t h e Federa l Reserve System Pursuant t o Sec t ion 9 of t he Fede ra l Reserve Act

Approved Kansas Ci ty American Bank of Wheatland, Wheatland, Wyoming. 1/ & 2_l

D a l l a s F i r s t a t e Bank, Ab i l ene , Texas . IJ & 2/

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

Approved Boston Boston Overseas F i n a n c i a l Corpo ra t i on , Boston, Massachuse t t s :

g r a n t s permiss ion to amend t h e fo l lowing A r t i c l e s of Asso-c i a t i o n : 1) A r t i c l e "Ninth" to i nc rease the number of Edge d i r e c t o r s from t e n to f i f t e e n and to change the quorum requ i rements fo r meet ings of Edge ' s Board of D i r e c t -t o r s from a m a j o r i t y to not l e s s than 40 p e r c e n t ; 2) A r t i c l e

J J App l i ca t i on processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .

2/ A p p l i c a t i o n sub j ec t to Community Reinvestment Act . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con tac t ed as to the l eng th of the comment p e r i o d .


H.2, 1980 N o . 4 5 - 7 -


"Tenth" t o p rov ide f o r ownership of a m a j o r i t y of Edge 's s h a r e s by an i n s t i t u t i o n approved by t h e Board of Governors and 3) A r t i c l e " T w e l f t h " t o add t h e words " f o r t h a t " a f t e r t h e words "duly c a l l e d " .

Chicago Bank of I n d i a n a , Na t iona l A s s o c i a t i o n , M e r r i l I v i l l e , I n d i a n a : g r a n t s consent t o purchase and ho ld , d i r e c t l y or i n d i r e c t l y , an a d d i t i o n a l 5 percen t of the shares of Banque Ind iana (Su i s se ) S.A. , Lausanne, Swi t ze r l and .

* * * * *

A t l a n t a

A t l a n t a

At lan t a

A t l a n t a

A t l a n t a

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

Approved CCB Corp . , A t l a n t a , Georgia , for approval to acqu i r e 80 p e r -

cent of the v o t i n g sha re s of Clay ton County Bank, R i v e r -d a l e , Georgia . JL/ & 2/

CDB Corp . , A t l a n t a , Georgia , f o r approval to a cqu i r e 80 percent of t h e v o t i n g s h a r e s of C i t i z e n s DeKalb Bank, C l a r k s t o n , Georg ia . \J & 2J

FBH Corp. , A t l a n t a , Georgia , for approval to a c q u i r e 80 pe r -cent of the v o t i n g sha re s of F i r s t Corne l i a Corpora t ion , C o r n e l i a , Georg ia , and i n d i r e c t l y F i r s t Bank of Habersham, C o r n e l i a , Geor iga . JJ & 1/

FCB Corp. , A t l a n t a , Georgia , for approval to acqu i r e 80 p e r -cent of the v o t i n g sha re s of F i r s t Commercial Bank, Buford, Georgia . J.J & 2/

F i r s t Gwinnett Bancshares , I n c . , Lawrencev i l l e , Georg ia , f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of F i r s t Na t iona l Bank of Gwinnett County, Lawrencevil l e , Georg ia . 1/ & 2/

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

2J A p p l i c a t i o n sub j ec t to Community Reinvestment Act . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con t ac t ed as to the l eng th of the comment p e r i o d .


H.2, 1980 No. 45 - 8

ACTONS OF THE BOARD-Continued

A t l a n t a FMB Corp . , A t l a n t a , Georgia , f o r approval to a c q u i r e 80 pe r -cent of t h e v o t i n g s h a r e s of Farmers & Merchants Bank, Suramerville, Georg ia . If & If

A t l a n t a Roswell Bancshares , A t l a n t a , Georgia , for approval to acqu i re 80 pe rcen t of the v o t i n g sha re s of Roswell Bank, Roswel l , Georg ia . JJ & 2/

A t l a n t a TGB Corp . , A t l a n t a , Georg ia , f o r approval to a c q u i r e 80 pe r -cent of t h e v o t i n g sha re s of The Gordon Bank, Gordon, Georg ia . If & 2J

Chicago CENTRAL TRUST INVESTMENT, INC., Cherokee, Iowa, f o r approval to acqu i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of Cen t r a l Trus t and Savings Bank, Cherokee, Iowa. If & 2/

Chicago RUTHVEN INVESTMENT, LTD., Ruthven, Iowa, for approval to a c q u i r e a t l e a s t 80 percent of the v o t i n g s h a r e s of Ruthven S t a t e Bank, Ruthven, Iowa. If & 7j

Minneapol is Waubun Bancshares , I n c . , Waubun, Minnesota, f o r approval to a c q u i r e 81.0 percent of t h e v o t i n g s h a r e s of Farmers S t a t e Bank of Waubun, I n c o r p o r a t e d , Waubun, Minnesota . If & 2/

Minneapol is Western Development, I n c . , Bozeman, Montana, fo r approval t o a c q u i r e a t l e a s t 80 percent of the v o t i n g s h a r e s of Western Bank of Bozeman, Bozeman, Montana. 1/ & 2/

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

Brunswick Bancshares , I n c . , Brunswick, Nebraska , f o r approval to a c q u i r e 82 percent of t h e v o t i n g s h a r e s of Brunswick S t a t e Bank, Brunswick, Nebraska. J J & 2/

Farmers Bancshares , I n c . , Nebraska C i t y , Nebraska , for ap-prova l to acqu i r e 99.8 pe rcen t of the v o t i n g s h a r e s of Farmers Bank, Nebraska C i t y , Nebraska. _1/ & If

Farmers & Stockmens Bancorpora t ion , Clay ton , New Mexico, f o r approval to a cqu i r e 80 percent o r more of t h e v o t i n g sha res of Farmers and Merchants Bank of C lay ton , Clay ton , New Mexico. 1/ & 2/

1/ A p p l i c a t i o n processed on behal f of the Board of Governors under delegated ~~ a u t h o r i t y . 2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment Act . The Community

Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l eng th of the comment p e r i o d .


H.2, 1980 No. 45 - 9 -


Kansas Ci ty F i r s t Bancshares of Muskogee, I n c . , Muskogee, Oklahoma, f o r approval to acqu i r e 91.99 percent of t h e v o t i n g s h a r e s of F i r s t of Muskogee Corpo ra t i on , Muskogee, Oklahoma and i n -d i r e c t l y acqu i re The F i r s t Na t iona l Bank and T r u s t Company of Muskogee, Muskogee, Oklahoma. \J & 7J

Kansas Ci ty F i r s tBank Holding Company of Colorado, Lakewood, Colorado, for approval to acqu i r e 100 percent of the v o t i n g s h a r e s of F i r s tBank Holding Company, Lakewood, Colorado and i n d i r e c t l y 100 pe rcen t ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of F i r s t -Bank of West l and , Nat ional A s s o c i a t i o n , Lakewood, Colorado; F i r s tBank of Wheat Ridge, Na t iona l A s s o c i a t i o n , Wheat Ridge, Colorado; F i r s tBank of Va i l , V a i l , Colorado; F i r s t B a n k of North Longmont, Na t iona l A s s o c i a t i o n , Longmont, Colorado; F i r s t B a n k of Academy Park , Lakewood, Colorado; F i r s tBank of Gunba r r e l , Na t iona l A s s o c i a t i o n , Boulder County (P.O. B o u l d e r ) , Colorado; F i r s t b a n k of Cas t l e Rock, N a t i o n a l A s s o c i a t i o n , C a s t l e Rock, Colorado; F i r s tBank of South Long-mont, Na t iona l A s s o c i a t i o n , Longmont, Colorado; F i rs tBank of West Arvada, Na t iona l A s s o c i a t i o n , Arvada, Colorado; F i r s t B a n k of Mint urn, Mint urn , Colorado; F i r s t bank of E r i e , E r i e , Colorado; F i rs tBank of V i l l a I t a l i a , N .A. , Lakewood, Colorado , a proposed new bank; and F i r s tBank of Governor ' s Ranch, N.A. , Denver, Colorado, a proposed new bank. 2/

Kansas Ci ty F i r s t J enks Bancorporat i o n , I n c o r p o r a t e d , J e n k s , Oklahoma, f o r approval to a c q u i r e a t l e a s t 80 percen t of the v o t i n g s h a r e s of F i r s t Na t iona l Bank, J e n k s , Oklahoma. If & 2_/

Kansas Ci ty McPherson County Bancorp . , I n c . , Canton, Kansas, f o r approval to a c q u i r e 80 percent o r more of t h e v o t i n g s h a r e s of The Farmers S t a t e Bank & Trus t Company, Canton, Kansas. If & 2/

Kasnas Ci ty Ridgeway Bancshares , I n c . , Ridgeway, M i s s o u r i , for approval to a c q u i r e 98 pe rcen t of the v o t i n g s h a r e s of The Farmers Na t iona l Bank of Ridgeway, Ridgeway, M i s s o u r i . If & 2/

Da l l a s A f f i l i a t e d Cap i t a l Corpo ra t i on , Atoka, Oklahoma, f o r approval to a c q u i r e 98 .75 percent of t h e v o t i n g s h a r e s of F i r s t Bank in Atoka, Atoka, Oklahoma. J 7 & If

\J A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted ~~ a u t h o r i t y . 2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment Act . The Community

Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l eng th of the comment p e r i o d .


H.2, 1980 No. 45 — 1 0 —


D a l l a s Citibank C o r p . , R ichardson , Texas , f o r approval to a cqu i r e 100 percent of t h e v o t i n g s h a r e s of C i t i z e n s Bank, Richard-son, Texas . 1/ & 2/

D a l l a s Peoples Bancorpora t ion of Caddo, I n c . , Blanchard, L o u i s i a n a , for approval to a cqu i r e 80-100 percent of t h e v o t i n g sha re s of Republic Bank, Blanchard, L o u i s i a n a ( fo rmer ly Peoples Bank and T r u s t C o . ) . 1/ & 2/

* * * * *

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

Approved New York F i r s t Na t iona l S t a t e Bancorpora t ion , Newark, New J e r s e y , fo r

approval to a c q u i r e 100 percent of the vo t ing sha re s of The Broadway Na t iona l Bank of Bayonne, Bayonne, New J e r s e y . It & 2/

S t . Louis Landmark Bancshares C o r p o r a t i o n , Clayton, Missour i , f o r ap-proval to a c q u i r e 99 percent of t h e v o i t n g sha re s of Land-mark Bank of S u n s e t t H i l l s , N .A. , Sunset H i l l s , Missour i , a proposed new bank. 1/ & 2J

Kansas Ci ty The American Bank C o r p o r a t i o n , Denver , Colorado, f o r approval to acqu i r e 95 percent of t h e v o t i n g s h a r e s of American Bank of Casper , Casper , Wyoming and 100 percent of the v o t i n g s h a r e s of American Bank of Wheatland, Wheatland, Wyoming, a proposed new bank. 1/ & 2/

* * * * *

To Expand a Bank Holding Company Pursuant to Sec t ion 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 _

Returned San Imper ia l Bancorp, Inglewood, C a l i f o r n i a , n o t i f i c a t i o n of F r anc i s co i n t e n t to engage in de novo a c t i v i t i e s ( to engage in the

bus ines s of a c t i n g as an accommodation party fo r s e l l e r s of r e a l e s t a t e who wish to e f f e c t delayed exchanges of

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

2/ A p p l i c a t i o n sub jec t to Community Reinvestment Act . The Community Reinvemtent O f f i c e r of the a p p l i c a b l e Reserve Bank may be con tac t ed as to the length of the comment p e r i o d .


H.2, 1980 No. 45 - 1 1 -


t h e i r r e a l e s t a t e ) a t 9920 South La Cienga Boulevard, Inglewood, C a l i f o r n i a , through i t s s u b s i d i a r y , Imper ia l Exchange S e r v i c e s , I n c . (11 /7 /80) _3/

Approved Kansas Ci ty Brunswick Bancsha res , I n c . , Brunswick, Nebraska, fo r ap-

proval t o a cqu i r e Brunswick Insurance Agency, I n c . , Brunswick, Nebraska and t h e r e b y engage in t h e s a l e of genera l i n su rance in a community of l e s s than 5,000 p o p u l a t i o n . JL/

Kansas Ci ty Farmers & Stockmens Bancorpora t ion , Clayton , New Mexico, for approval to acqu i r e Commerce Holding Company, Clayton, New Mexico and i n d i r e c t l y a c q u i r e Commerce A g r i c u l t u r a l Loan Company and Union County Agency. JL/

Kansas Ci ty Fi rs tBank Holding Company of Colorado , Lakewood, Colorado, for approval to engage through The F i r s tBank Data Corpora-t i o n , Lakewood, Colorado in d a t a p rocess ing s e r v i c e s , i n insurance a c t i v i t i e s r e l a t e d to ex t ens ions of c r e d i t by the s u b s i d i a r y banks and to act as insurance agent f o r i t s s u b s i d i a r y banks.

Kansas Ci ty K. L. Klaumann Agency, I n c . , Haddam, Kansas, f o r approval to con t inue to engage in genera l insurance agency a c t i v -i t i e s in a community of l e s s than 5,000 p o p u l a t i o n . JL/

Delayed Kansas C i ty United Mis sou r i Bancshares , I n c . , Kansas C i ty , M i s s o u r i , no-

t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( to engage i n mortgage banking a c t i v i t i e s ! to be loca ted on the premises of United Missouri Bank of Ferguson, Ferguson, M i s s o u r i , through i t s s u b s i d i a r y , United Missour i Mortgage Company (11 /5 /80 ) 3/

Reac t iva t ed S t . Louis T G Bancshares C o . , S t . Louis , M i s s o u r i , n o t i f i c a t i o n of

i n t e n t to engage in de novo a c t i v i t i e s (p rovid ing p o r t f o l i o investment advice to i n d i v i d u a l s , pension and p r o f i t - s h a r i n g plans and t r u s t s , f i n a n c i a l i n s t i t u t i o n s , general bus ines s

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

3/ 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, 1980 No. 45 - 12 -


c o r p o r a t i o n s , c h a r i t a b l e i n s t i t u t i o n s and educa t i ona l i n s t i -t u t i o n s ) a t 3134 South Grand Boulevard , S t . Louis , Missour i , through i t s s u b s i d i a r y , Midwest Investment Advisory Services, , I n c . (11 /3 /80) 3/

Pe rmi t t ed New York C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t to con-

s o l i d a t e two e x i s t i n g o f f i c e s of i t s s u b s i d i a r i e s , C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center (Utah) and C i t i c o r p Pe r -s o n - t o - P e r s o n F inanc ia l Center of Utah a t 4835 South High-land D r i v e , Sa l t Lake C i t y , Utah and a t 2186 Highland Drive, S a l t Lake C i ty , Utah in to a s i ng l e o f f i c e to expand the s e r v i c e a rea to inc lude the c o u n t i e s of Dav i s , S a l t Lake, Tooele and Weber ( t h e fo l lowing p r e v i o u s l y approved a c t i v i t i e s w i l l be conducted from the new l o c a t i o n : making or a c q u i r i n g loans and o the r ex tens ions of c r e d i t , secured o r unsecured , for consumer and o the r pu rposes ; t h e purchas -ing f o r i t s own account and s e r v i c i n g s a l e s f i n a n c e c o n t r a c t s ; the s a l e of c r e d i t r e l a t e d l i f e and acc iden t and h e a l t h o r dec reas ing or l eve l ( i n the case of s i n g l e payment loans) term l i f e i n su rance by l i c e n s e d agen t s or b r o k e r s , as r e q u i r e d ; the making of loans to i n d i v i d u a l s and b u s i n e s s e s secured by r e a l and pe r sona l p r o p e r t y , t he proceeds of which may be f o r purposes o t h e r than p e r s o n a l , f a m i l y o r household usage i n c l u d i n g , but no t l i m i t e d t o , the e x t e n s i o n of loans to d e a l e r s f o r the f i n a n c i n g of i nven to ry ( f l o o r p lanning) and working c a p i t a l pu rposes ; the o p e r a t i n g as an i n d u s t r i a l loan company; and t h e i s s u i n g of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i -c a t e s a t 1178 Brickyard Road, S a l t Lake C i t y , Utah (11 /1 /80) 3/

Chicago Fennimore Bancorpora t ion , I n c . , Fennimore, Wisconsin , n o t i -f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in the s a l e of insurance in a town of l e s s than 5,000 popu la t ion ) through i t s wholly-owned s u b s i d i a r y , Fennimore Finance Co. (11 /6 /80) 3/

Chicago Midland Mortgage C o r p o r a t i o n , D e t r o i t , Michigan, n o t i f i c a -t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage in t he o r i g i n a t i o n of mortgage loans) a t two branches loca ted in C lea rwa te r , F lo r i da and Grand Rapids, Michigan, (11 /3 /80) 3/

37 4 ( c ) ( 8 ) o r 4 ( ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, 1980 No. 45 - 1 3 -


S t . Louis T G Bancshares Co . , S t . Lou i s , Missour i , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( p r o v i d i n g p o r t -f o l i o investment advice to i n d i v i d u a l s , pens ion and p r o f i t s h a r i n g plans and t r u s t s , f i n a n c i a l i n s t i t u t i o n s , general b u s i n e s s c o r p o r a t i o n s , c h a r i t a b l e i n s t i t u t i o n s and educa-t i o n a l i n s t i t u t i o n s ) a t 3134 South Grand Boulevard , S t . Lou i s , Missour i , through a whol ly owned s u b s i d i a r y , Midwest Investment Advisory S e r v i c e s , I nc . (11 /4 /80) 3/

San Secu r i t y P a c i f i c Corpora t ion , Los Angeles , C a l i f o r n i a , no-Franc i sco t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (mak-

ing or a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , a s se t -ba sed b u s i n e s s loans and o ther commercial or i n d u s t r i a l loans and ex tens ions of c r e d i t such as would be made by a f a c t o r i n g , r ed i s coun t or commercial f i nance company) a t 2001 Midwest Road, Oak Brook, I l l i n o i s , through i t s i n d i r e c t s u b s i d i a r y , S e c u r i t y P a c i f i c F inance Corp. ( 11 /8 /80 ) 3/

San S e c u r i t y P a c i f i c Corpora t ion , Los Angeles , C a l i f o r n i a , n o t i -F ranc i sco f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making

or a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , loans and ex t ens ions of c r e d i t i n c l u d i n g making consumer i n s t a l l m e n t personal l oans , pu rchas ing consumer i n s t a l l m e n t s a l e s f inance c o n t r a c t s , making loans to small b u s i n e s s e s and o the r ex tens ions of c r e d i t such as would be made by a f a c t o r i n g company or a consumer f i n a n c e company; and a c t i n g as b roke r or agent f o r the s a l e of c r e d i t r e l a t e d l i f e , acc ident and h e a l t h i n su rance and c r e d i t r e l a t e d p rope r ty and c a s u a l t y i n s u r a n c e ) in Santa Ana, San ta Barbara and San Bernard ino , C a l i f o r n i a , through i t s wholly-owned s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Corp. (11 /9 /80) 3/

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

v i c i n g of loans and o t h e r ex tens ions of c r e d i t e i t h e r secured o r unsecured for i t s own account o r for the ac -count of o t h e r s inc lud ing the making of consumer i n s t a l l -ment l o a n s , purchas ing consumer i n s t a l l m e n t and r e a l e s t a t e s a l e s f inance c o n t r a c t s and evidences of debt and making consumer home e q u i t y loans secured by r e a l e s t a t e , making i n d u s t r i a l loans ; and a c t i n g as insurance agent with r ega rd to c r e d i t l i f e and d i s a b i l i t y i n su rance s o l e l y i n connect ion w i t h ex tens ions of c r e d i t by U.S. C r e d i t c o r p ) i n P o r t l a n d , Oregon, through i t s s u b s i d i a r y , U.S. C red i t co rp (11 /8 /80) 3/

~3j 4 ( c ) ( 8 ) o r 4 ( c ) ( 12) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, 1980 No. 45 - 14 -

APPLICATIONS RECEIVED

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

Kansas Ci ty American Bank of Commerce, Albuquerque, New Mexico. Branch to be e s t a b l i s h e d a t 400 S i l v e r Avenue, S.W. , Albuquerque, New Mexico. If

Boston The Connec t i cu t Bank and T r u s t Company, H a r t f o r d , Connec t i cu t . Branch to be e s t a b l i s h e d in Danbury, C o n n e c t i c u t . 2 /

* * * * *

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

D a l l a s The American Na t iona l Bank of A u s t i n , A u s t i n , Texas: r e q u e s t s consent to e s t a b l i s h an o f f - s h o r e branch in t h e Cayman I s l a n d s .

* * * * *

To Organ ize , o r Inves t i n , a Corpora t ion Doing Foreign Banking and Other Foreign Financing Pursuant t o Sec t ion 25 or 25(a) of t h e Federa l Reserve Act

Cleveland Mellon Bank, N.A. , P i t t s b u r g h , Pennsy lvan ia : r e q u e s t s consent to e s t a b l i s h an Edge Act Corpora t ion i n Miami, F l o r i d a , t o be c a l l e d Mellon I n t e r n a t i o n a l Company.

* * * * *

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

A t l a n t a C i t i z e n s Holding Company, Waverly, Tennessee , f o r approval to acqu i re a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The C i t i z e n s Bank of Waverly, Waverly, Tennessee . 2/

2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment Act . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be con t ac t ed as to the l eng th of the comment p e r i o d .


H.2, 1980 No. 45 - 1 5 -

APPLICATIONS RECEIVED-Cont inued

Chicago IDA GROVE BANCSHARES, INC., Ida Grove, Iowa, f o r approval to acqu i r e 95 percent o r more of t h e v o t i n g s h a r e s of Ida County S t a t e Bank, Ida Grove, Iowa. 2/

Chicago Morning Sun Bank Corp . , Morning Sun, Iowa, for approval t o a c q u i r e 99 .3 percen t of the v o t i n g sha res of Iowa S t a t e Bank, Morning Sun, Iowa. 2 /

Minneapol is Val ley Bancshares , I n c . , K a l i s p e l l , Montana, f o r approval to a cqu i r e 89 .8 percent of t h e v o t i n g sha re s of Val ley Bank of K a l i s p e l l , K a l i s p e l l , Montana. 2/

Kansas Ci ty Burr Oak Banco, I n c . , Burr Oak, Kansas, for approval t o a c q u i r e a t l e a s t 90 .8 percen t of the v o t i n g sha res of The Burr Oak S t a t e Bank, Burr Oak, Kansas. 2/

Kansas Ci ty Federated Bancshares , I n c . , O t t e r v i l l e , Mis sour i , f o r ap-proval to a c q u i r e 90.25 percent of t h e v o t i n g s h a r e s of The Bank of O t t e r v i l l e , O t t e r v i l l e , Missour i . 2/

Kansas Ci ty Strong C i t y Banco, I n c . , L i n c o l n , Nebraska, for approval to a c q u i r e a t l e a s t 97 .78 pe rcen t of the v o t i n g sha re s of Strong C i t y S t a t e Bank, Strong C i t y , Kansas. 2 /

Da l l a s Bantex Bancshares , I n c . , Houston, Texas, f o r approval to acqui re a t l e a s t 80 percent of t h e v o t i n g s h a r e s of Grea te rn Houston Bank, Houston, Texas . 2./

Da l l a s F i r s t S t a t e Bancorporat ion of C h i l d r e s s , I n c . , C h i l d r e s s , Texas, f o r approval to a c q u i r e 80 percent or more of the v o t i n g s h a r e s of The F i r s t S t a t e Bank, C h i l d r e s s , Texas, C h i l d r e s s , Texas . 2/

* * * * *

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

A t l a n t a Southwest F l o r i d a Banks, I n c . , F o r t Myers, F l o r i d a , for ap-proval to a c q u i r e a t l e a s t 85 pe rcen t of the v o t i n g sha re s of Bank of Riverview, Riverview, F l o r i d a . 2/

2? A p p l i c a t i o n sub j ec t to Community Reinvestment Act . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con tac t ed as to the l eng th of the comment p e r i o d .


H.2, 1980 No. 45

Chicago

Chicago

Minrieapo l i s

Da l l a s

— 1 6 —

APPLICATIONS RECEIVED-Continued

F i r s t American Bank C o r p o r a t i o n , Kalamazoo, Michigan, f o r approva l to acqu i re 100 percent of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the successo r by c o n s o l i -d a t i o n to The F i r s t Na t iona l Bank of Alger County a t Munis ing, Munising, Michigan. 2/

Independent Bank C o r p o r a t i o n , I on i a , Michigan, for ap-prova l to acqu i r e 100 percent of the v o t i n g s h a r e s of the successor by c o n s o l i d a t i o n to The Peoples Bank of L e s l i e , L e s l i e , Michigan. 2]

South Dakota Bancshares , I n c . , P i e r r e , South Dakota, for ap-prova l to a cqu i r e 100 percen t of S u l l y County Insurance Agency, Onida, South Dakota, a bank holding company owning 54.7 pe rcen t of Su l l y County Bank, Onida, South Dakota and to acqu i r e d i r e c t l y 40 .6 percent of S u l l y County Bank. 2/

Republic of Texas C o r p o r a t i o n , D a l l a s , Texas , f o r approval to a cqu i r e 100 percent of t h e v o t i n g s h a r e s ( l e s s d i -r e c t o r s 1 q u a l i f y i n g s h a r e s ) of The F i r s t Nat iona l Bank of Richmond, Richmond, Texas . 2 /

* * * * *

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

New York C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (underwr i t ing d i r e c t l y o r as r e i n s u r e r c r e d i t l i f e and c r e d i t acc iden t and h e a l t h i n su rance d i r e c t l y r e l a t e d t o ex tens ions of c r e d i t by C i t i c o r p ' s l end ing s u b s i d i a r i e s ) in Arkansas , Connec t i cu t , Delaware, I l l i n o i s , Iowa, Kansas, Kentucky, Massachuse t t s , Michigan, Minnesota , New J e r s e y , North Dakota , Ohio,

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


H.2, 1980 No. 45 - 17


New York

Richmond

Chicago

Chicago

Pennsy lvan i a , South C a r o l i n a , Tennessee , West V i r g i n i a , Wisconsin and t h e D i s t r i c t of Columbia, through i t s i n -d i r e c t s u b s i d i a r y , Family Guardian L i f e Insurance Company

Manufacturers Hanover Corpora t ion , New York, New York, no-t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i i t e s (making or a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , loans and other ex t ens ions of c r e d i t such as would be made by a mortgage company; s e r v i c i n g any such loans and other ex t ens ions of c r e d i t for any person; a c t i n g as agent o r b roke r , through an i n d i r e c t s u b s i d i a r y known as CMC Insurance Agency, I n c . , for t h e s a l e of c r e d i t l i f e insurance and c r e d i t acc iden t and h e a l t h i n su rance r e l a t i n g t o such loans and o ther ex t en -s ions of c r e d i t ) a t 1819 South Dobson Road, Mesa, Ar izona , through i t s s u b s i d i a r y , Manufac turers Hanover Mortgage Corpora t ion (11 /5 /80 ) 3f

Maryland Na t iona l Corpora t ion , Ba l t imore , Maryland, n o t i f i -c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (commer-c i a l lending o p e r a t i o n s i n c l u d i n g , but no t l i m i t e d t o , f i n a n c i n g of accounts r e c e i v a b l e , i n v e n t o r i e s and o t h e r types of secured and unsecured loans to commercial e n t e r -p r i s e s ; s e r v i c i n g commercial loans f o r a f f i l i a t e d or non-a f f i l i a t e d i n d i v i d u a l s , p a r t n e r s h i p s , c o r p o r a t i o n s or o ther e n t i t i e s ; and a c t i n g as adv isor or broker in commercial l ending t r a n s a c t i o n s ) a t S u i t e 255, Murray F i n a n c i a l Cen te r , 5580 LBJ Freeway, D a l l a s , Texas, through i t s s u b s i d i a r y , Maryland Na t iona l I n d u s t r i a l Finance Corpora-t i o n ( 1 1 / 6 / 8 0 ) 3/

IDA GROVE BANCSHARES, INC., Ida Grove, Iowa, f o r approval to a c q u i r e 50 percent of t h e v o t i n g s h a r e s of Ida County A g r i c u l t u r a l Cred i t C o r p o r a t i o n , Ida Grove, Iowa.

Suburban Bancorp, I n c . , P a l a t i n e , I l l i n o i s , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage in mor t -gage banking a c t i v i t i e s ) a t 50 North Brockway, P a l l a t i n e , I l l i n o i s , through a s u b s i d i a r y , Suburban Mortgage Corpora-t i o n (10/27/80) 3/

(11 /5 /80) 3/

37 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de l ega ted a u t h o r i t y .


H.2, 1980 No. 45 - 18 -


S t . Louis C i t i z e n s F i d e l i t y C o r p o r a t i o n , L o u i s v i l l e , Kentucky, n o t i f i -ca t ion of i n t e n t to engage i n de novo a c t i v i t i e s ( l e a s i n g of personal p r o p e r t y and equipment and ac t i ng as agen t , broker or adviser in the l ea s ing of such p roper ty in a manner such t h a t the l e a s i n g would se rve as a f u n c t i o n a l equ iva len t of an ex tens ion of c r e d i t ) in S t . Lou i s , Missour i , Western Kentucky and I l l i n o i s , through a sub-s i d i a r y , F i d e l i t y Leasing Corpora t ion (11/3 /80) 3/

San Secur i ty P a c i f i c Corpora t ion , Los Angeles , C a l i f o r n i a , no-Franc i sco t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s

(making or a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , commercial loans and other ex tens ions of c r e d i t ) a t 14 Wall S t r e e t , New York, New York; 333 South Hope S t r e e t , Los Angeles , C a l i f o r n i a ; 208 South La S a l l e S t r e e t , Chicago, I l l i n o i s ; Union Trus t B u i l d i n g , 510 Will iam Penn Way, P i t t s b u r g h , Pennsyvlan ia ; and 1 Commerce Square, Memphis, Tennessee , through i t s subs id -i a r y , S e c u r i t y P a c i f i c Clear ing & S e r v i c e s Corp. (11 /3 /80) 3/

San Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , not i f i c a -F ranc i sco t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making or

a c q u i r i n g , loans o r o the r ex tens ions of c r e d i t inc lud ing commercial loans secured by a b o r r o w e r ' s i n v e n t o r y , ac -counts r e c e i v a b l e , o r o the r a s s e t s ; s e r v i c i n g loans in accordance with t h e Board ' s Regula t ion Y) a t 55 West Monroe, 11th F l o o r , Chicago, I l l i n o i s , through i t s sub-s i d i a r y , Wel ls Fargo Business C r e d i t (10/31/80) 3 /

San Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , not i f i c a -F ranc i sco t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making o r

a c q u i r i n g , loans and o the r ex tens ions of c r e d i t inc lud ing consumer i n s t a l l m e n t loans o r i g i n a t e d by o thers and com-merc ia l loans secured by a bo r rower ' s o r a g u a r a n t o r ' s a s s e t s ; s e r v i c i n g loans for the account of o t h e r s ; making f u l l pay-out l e a s e s of personal p rope r ty i n accordance with t h e Boa rd ' s Regula t ion Y; a c t i n g as agent for c r e d i t l i f e or acc iden t and h e a l t h insurance r e l a t e d to i t s ex ten-

37 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .

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

H.2, 1980 No. 45 - 1 9 -

APPLICATIONS RECEIVED-Cont inued

s ions of c r e d i t ; and in ac t i ng as agent f o r c r e d i t proper ty and c a s u a l t y insurance and a s soc i a t ed l i a b i l i t y i n su rance r e l a t e d to WFCC's ex tens ions of c r e d i t to the ex ten t p e r m i s s i b l e under a p p l i c a b l e S t a t e insurance laws or r e g u -l a t i o n s ) in Wheaton, Maryland and Tyson 's Corner , V i r g i n i a , through i t s s u b s i d i a r y , Wells Fargo C r e d i t Corpora t ion (11 /6 /80 ) 3/

San Zions Utah Bancorpo ra t ion , S a l t Lake C i t y , Utah, n o t i f i c a t i o n F r a n c i s c o of i n t e n t to engage in de novo a c t i v i t i e s ( to engage in

i n d u s t r i a l banking, loan s e r v i c i n g , and c r e d i t r e l a t e d in su rance a c t i v i t i e s ) in Pueblo , Colorado, through a wholly owned s u b s i d i a r y , Pueblo 1st I n d u s t r i a l Bank (11 /6 /80) 3/

* * * * *

To Expand a Bank Holding Company Pursuant to Sec t ion 4 ( c ) ( 1 2 ) of t he Bank Holding Company Act of 1956

Chicago STEEGO C o r p o r a t i o n , West Palm Beach, F l o r i d a , n o t i f i c a t i o n of i n t e n t to acqu i r e c e r t a i n of the a s s e t s of South T r a i l Auto P a r t s , I n c . , F o r t Meyers, F l o r i d a (10/27/80) 3/

* * * * *

REPORTS RECEIVED

Current Report F i l e d Pursuant to Sec t ion 13 of the S e c u r i t i e s Exchange Act

The Roscommon S t a t e Bank, Roscommon, Michigan.

* * * * *

PETITIONS FOR RULEMAKING

None.

37 4 ( c ) ( 8 ) o r 4 ( c ) (12) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de l ega ted a u t h o r i t y .


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