h2_19831015.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1983 No. 41)

Actions of the Board; Applications and Reports

Received During the Week Ending October 15, 1983

APPLICABLE RESERVE RANK

New York

Phi ladelphia

Richmond

Richmond

Richmond

ACTIONS OF THE BOARD

Pr iva te Sector Adjustment Factor , the Board of Governors i s request ing public comment on the methodology for ca l cu l a t i ng the PSAF fo r 1984; comments must he received by November 10.

Staten Island Savings Bank, Staten I s land , New York, proposal to merge with Richmond County Federal Savings and Loan Associa t ion , Staten Is land, New York; repor t to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . J J

F i r s t Jersey National Bank/South, Manahawkin, New J e r s e y , proposal to merge with Guarantee Bank, At l an t i c Ci ty , New Je r sey , under the char te r and t i t l e of the former; repor t to the Comptroller of the Currency on competi t ive f a c t o r s . J_/

City Holding Company, Charles ton, West Vi rg in ia , extension of time to January 15, 1984, within which to become a bank holding company through the acqu i s i t i on of The City National Bank of Charleston, Char les ton, West Vi rg in ia . ]_/

Concord National I n c . , Concord, North Carol ina , extension of time to November IP, 1983, within which to become a bank holding company through the acqu i s i t ion of The Concord National Bank, Concord, North Carol ina . J_/

United Bankshares, I n c . , Parkersburg, West Vi rg in ia , extension of time to January 22, 1984, within which to become a bank holding company through the acqu is i t ion of the successors by merger to The Parkersburg National Bank, Parkersburg; Union Central National Bank, Vienna; and Valley Rank, Parkersburg, West Vi rg in ia . 1/

J / Applicat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .

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

H.2, 7983 No. 41 - 2 -

ACTIONS OF THE BOARD - Continued

Richmond

Richmond

Atlanta

Atlanta

Atlanta

Atlanta

Chicago

Chicago

Bank of Vi rg in ia , Richmond, Vi rg in ia , extension of time to February 22, 1984, within which to es tab-l i sh a branch at 8103 Leesburg Turnpike, McLean, Vi r g i n i a . V

Lake City S ta te Bank, Lake Ci ty , South Carolina, proposed merger with Lake City Sta te Interim Bank, Lake C i ty , South Carol ina , a proposed new bank; report to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . ] /

Hanover Bank of F lo r ida , Fort Lauderdale, F lo r ida , extension of time to November 8, 1984, within which i t may open i t s o f f i c e a t 8311 West Broward Boulevard, P l an t a t i on , F lo r ida . V

F i r s t F i d e l i t y Savings and Loan Associat ion, Winter Park, F lo r ida , proposal to acquire the a s se t s and l i a b i l i t i e s of the Tuscawilla and Wekiva branches of Flagship Bank of Seminole, Sanford, F lor ida , and the Coral wood branch of Sun Bank/Southwest, N.A., Cape Coral, F lor ida ; report to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s , J_/

Darien Bank, Darien, Georgia, proposed merger with Darien Interim Corporation, Darien, Georgia; report to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . JV

Clinton Bank & Trust Company, Cl inton, Louisiana, pro-posed merger with New Clinton Bank & Trust Company, Cl in ton, Louisiana; repor t to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . _]_/

Clinton Bank and Trust Company, S t . Johns, Michigan, proposal to merge with CFB Bank, S t . Johns, Michigan, under the cha r t e r of CFB Bank and t i t l e of Clinton Bank and Trust Company; report to the Federal Deposit Insurance Corporation on competit ive f a c t o r s . ]_/

River City National Bank, Aurora, Indiana, proposal to merge with The F i r s t National Bank of Aurora, Indiana, under the cha r t e r of River City National Bank and t i t l e of The F i r s t National Bank of Aurora; report to the Comptroller of the Currency on competit ive f a c t o r s . 1/

] / Application processed on behalf of the Board of Governors under delegated a u t h o r i t y .

I


H .2, 1983 No. - 3 -


S t . Louis Merchants and Farmers Bank, Columbus, M i s s i s s i p p i , an investment in bank p remises , V

S t . Louis Ci ty National Rank of Ful ton , Fu l ton , Kentucky, proposal t o merge with CNB Inter im National Bank, Fu l ton , Kentucky; r epor t t o the Comptroller of the Currency on compet i t ive f a c t o r s . _]_/

St. Louis Merchants S t a t e Holding Company, Humboldt, Tennessee, extens ion of t ime t o January 19, 1984, wi th in which t o become a bank holding company through the a c q u i s i t i o n of 100 percent of t he vot ing shares of Merchants S ta te Bank, Humboldt, Tennessee. V

Minneapolis Flathead Holding Company of Bigfork , Bigfork , Montana, ex tens ion of t ime t o January 9, 1984, wi thin which to acqu i r e the Flathead Bank of B ig fo rk , B ig fo rk , Montana. V

Dal las Mercantile Texas Corpora t ion , Dal las , Texas, extension of t ime t o January 16, 1984, wi th in which to acqui re MPAC Mortgage Company, D a l l a s , Texas. V

Dallas Gaines Bancshares, I n c . , Seminole, Texas, extension of t ime to January 8 , 1984, wi th in which to acquire F i r s t National Bank, Seminole, Texas. V

P a l l a s F i r s t City Bancorporation of Texas, I n c . , Houston, Texas, ex tens ion of time to August 18, 1984, within which t o acqu i re F i r s t City I n t e r n a t i o n a l Finance, N.V., Curacao, Netherlands A n t i l l e s . ]_/

Dal las Tacosa Financial Corpora t ion , Amari1lo, Texas, extension of time t o January 6 , 1984, within which t o acqui re Tascosa National Bank of Amari1lo, Amari1lo, Texas. V

Dal las F i r s t J e f f e r s o n Company, J e f f e r s o n , Texas, extension of time to January 13, 1984, wi thin which to acqui re The J e f f e r s o n Company, J e f f e r s o n , Texas, and thereby acquire i n d i r e c t con t ro l of F i r s t National Bank of J e f f e r s o n , J e f f e r s o n , Texas. V

Dallas Deport Financial Company, Deport, Texas, extension of t ime to November 30, 1983, wi th in which to acqui re Deport Bancshares, I n c . , Deport, Texas, and i n d i r e c t l y The F i r s t National Bank of Deport , Deport , Texas. 1/

T7 Appl ica t ion processed on behalf of the Board of Governors under delegated authori ty .


N.?, IQHi No. 41 - 4 -


Arlington Heights Bank of Fort Worth, Fort Worth, Texas, proposal to merge with New Arlington Heights Bank of Fort Worth, Fort Worth, Texas; report to the Federal Deposit Insurance Corporation on competitive fac tors . J /

Mercantile Bank of Fort Worth, Fort Worth, Texas, proposed merger with Lott Bank of Fort Worth, Fort Worth, Texas; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . J J

Community State Bank, Lufkin, Texas, proposal t o merge with New Community State Bank, Lufkin, Texas; report to the Federal Deposit Insurance Corporation on competitive fac tors . V

Mineola State Bank, Mineola, Texas, proposal to merge with New Mineola State Bank, Mineola, Texas; report to the Federal Deposit Insurance Corporation on competitive factors . J /

Pecos County State Bank, Fort Stockton, Texas, proposal to merge with Interim Pecos County State Bank, Fort Stockton, Texas; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . ]_/

T? Application processed on behalf of the Board of Governors under delegated authority.

Dal las

Dallas

Dallas

Dallas

Dallas


M.P, 1983 No. 41 - 5 -


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

New York

Cleveland

Richmond

Chicago

Approved Gateway State Bank, Staten Island, New York. To

establ i sh a branch at 4310 Amboy Road, Staten Island, New York. V

F i f t h Third Bank, Cincinnati , Ohio. To e s t a b l i s h a Customer Bank Communications Terminal branch at Children's Hospital Medical Center , 3350 El land Avenue, Cincinnati , Ohio. V

Peoples Bank of Danvil le , Danville, Virg in ia . To establ i sh a branch at 3060 North Main S t r e e t , Danvil le , Virginia. J /

Northern Trust Company, Chicago, I l l i n o i s . To es tab l i sh an EFT at 7510 N. Western Avenue, Chicago, I l l i n o i s . 1/

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

Approved Richmond First Virginia Bank - Colonial, Richmond, Virg in ia .

To acquire the assets and assume the l i a b i l i t y to pay deposits in the Azalea Mall Of f i ce of Virginia National Bank located in Richmond, Vi rg in ia . 1/

* * * * *

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

Not Disapproved Minneapolis Freeport Bancshares, I n c . , Freepor t , Minnesota. ]_/

Philadelphia First Bath Corp., Bath, Pennsylvania. ]_/

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


H.2, 1983 No. 41 - 6 -


Applicat ions and No t i f i c a t i ons fo r In terna t ional Investments and Other Actions Pursuant to Sections 25 and 25(a)

of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) , 4(c)(13) and 4(c)(14) of the Bank Holding Company Act of 1956, as amended

Approved New York Societe Generale, Pa r i s , France: to e s t a b l i s h an

Edge Act corporat ion in Houston, Texas, to be named, Societe Generale I n t e r n a t i o n a l , Inc.

New York Union Chelsea In terna t ional Banking Corporation, Miami, F lor ida : approved the request to amend Ar t i c l e F i r s t of i t s Ar t i c l e s of Association to r e f l e c t the change of i t s name to Union Chelsea In ternat ional Bank. (5/27/83) 1/

Sixty-Day No t i f i ca t ion Period A1lowed to Expire New York The Chase Manhattan Bank, N.A., New York, New York:

no objec t ion to e s t a b l i s h an i n i t i a l branch in Lima, Peru.

* * * * *

To Establ ish an Overseas Branch of a Member Bank Pursuant t o Section 25 of the Federal Reserve Act

Withdrawn San Bank of C a l i f o r n i a , N.A., San Francisco, C a l i f o r n i a , Francisco p r io r n o t i f i c a t i o n of i t s i n t en t to e s t a b l i s h a

branch in Seoul, Republic of Korea.

* * * * *

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

Withdrawn New York Girod Trust Company (Geneve) S.A., Geneva, Switzerland,

f o r approval to acquire at l e a s t 80 percent of the voting shares of Girod Trust Company, Old San Juan, Puerto Rico.

]_/ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983No. 41 - 7 -


Boston

New York

Cleveland

Cleveland

Atlanta

At!anta

At!anta

S t . Louis

S t . Louis

Approved Dartmouth Nat ional Corporation, Hanover, New Hampshire,

f o r approval to acquire 100 percent of the voting shares of Dartmouth National Bank of Hanover, Hanover, New Hampshire.

Hudson Valley Holding Corp., Yonkers, New York, for approval to acquire 100 percent of the voting shares of Hudson Valley National Bank, Yonkers, New York. ]_/

Hyden Ci t izens Bancorp, I n c . , Hyden, Kentucky, for approval t o acquire 100 percent of the voting shares of Hyden Ci t izens Bank, Hyden, Kentucky. J /

Progressive Bancshares, I n c . , Owingsvil 1 e , Kentucky, f o r approval to acquire 100 percent of the voting shares of Farmers Bank, Owingsville, Kentucky. ]_/

County Financial Corporation, North Miami Beach, F lo r ida , f o r approval to acquire 100 percent of the voting shares of County National Bank of South F lo r ida , North Miami Beach, F lo r ida , j y

Livingston Bancshares, I n c . , Denham Springs, Louisiana, f o r approval t o acquire 100 percent of the voting shares of Livingston Bank, Denham Springs, Louisiana. J J

Progressive Bancorporation, I n c . , Houma, Louisiana, fo r approval to acquire 100 percent of the voting shares of Progressive Bancshares Corporation, Houma, Louisiana and i n d i r e c t l y Progressive Bank and Trust Company, Houma, Louisiana. V

F i r s t Bancorp of Sparta , L td . , Spar ta , I l l i n o i s , for approval to acquire 100 percent of the voting shares of The F i r s t National Bank of Spar ta , Sparta , I l l i n o i s . ]_/

Gorham Bancorp, I nc . , Murphysboro, I l l i n o i s , for approval to acquire at l ea s t 89.88 percent of the voting shares of The Bank of Gorham, Gorham, I l l i n o i s . 1/

* * * * *

V Application processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H,?, 19R3N0. 41 - 8 -


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

Boston

Boston

Philadelphia

Atlanta

Atlanta

Atlanta

Chicago

S t . Louis

Approved F i r s t NH Banks, I n c . , Manchester, New Hampshire

(formerly F i r s t Bancorp of N.H., I n c . ) , fo r approval t o acquire 100 percent of the voting shares of Plymouth Guaranty Savings Bank, Plymouth, New Hampshire.

Trustees of Dartmouth College, Hanover, New Hampshire, fo r approval to acquire at l e a s t 26.95 percent of the voting shares of Dartmouth National Corporation, Hanover, New Hampshire, and i n d i r e c t l y Dartmouth National Bank of Hanover, Hanover, New Hampshire.

Merchants Bancorp, I n c . , Allentown, Pennsylvania, f o r approval to acquire 100 percent of the voting shares of Easton National Bank & Trust Company, Easton, Pennsylvania.

Barnett Banks of F lo r ida , I n c . , J acksonv i l l e , F lor ida , f o r approval to acquire at l e a s t 99 percent of the voting shares of Flagship Bank of Kissimmee, Kissimmee, F lo r ida ; a t l e a s t 85 percent of Flagship Bank of Okeechobee, Okeechobee, F lo r ida ; and at l e a s t 99.5 percent of Flagship Bank of Putnam County, Crescent C i ty , F lo r ida . J /

F i r s t Bankers Corporation of F lo r ida , Pompano Beach, F l o r i d a , f o r approval to acquire at 1 east 96 percent of the voting shares of F1agship Bank of Polk County, Haines C i ty , F lo r ida . V

F i r s t National Bancorp, Ga inesv i l l e , Georgia, for approval t o acquire 100 percent of the voting shares of White County Bank, Cleveland, Georgia. ]_/

Banks of Iowa, I n c . , Des Moines, Iowa, for approval to acqui re a t l e a s t 90 percent or more of the voting shares of Henry County Savings Bank, Mount Pleasant , Iowa. ]_/

Ridgway Bancorp, I n c . , Norris Ci ty , I I 1 i n o i s , fo r approval to acquire 80 percent of the voting shares of the Bank of Chr is topher , Chr is topher , I l l i n o i s . ]_/

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


H.P, 19ft? No. 41 - q -


First Golden Bancorporation, Golden, Colorado, fo r approval to acquire TOO percent of the voting shares of First Interstate Bank of Arvada, N.A., Arvada, Colorado, a proposed new bank. ]_/

First Golden Bancorporation, Golden, Colorado, for approval to acquire 100 percent of the voting shares of First Interstate Bank of Westminster, N.A., Broomfield, Colorado, a proposed new bank. J_/

National Bancshares Corporation of Texas, San Antonio, Texas, for approval to acquire 100 percent of the voting shares of Heights State Bank, Houston, Texas. _]_/

Victoria Bankshares, Inc . , V ic to r i a , Texas, for approval to acquire 100 percent of the voting shares of Allied First National Bank, H a l l e t s v i l i e , Texas. 1/

* * * * *

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

Permitted Boston Flee t Financial Group, Inc. , Providence, Rhode Is land,

n o t i f i c a t i o n of i n ten t t o engage in de novo a c t i v i t i e s ( ( i ) the o r i g ina t i on of f i r s t and second real e s t a t e mortgage loans and the purchase of real e s t a t e mortgages ( i i ) the origination of consumer loans and the purchase of s a l e s finance con t rac t s and ( i i i ) acting as agent fo r the sa l e of c r ed i t l i f e insurance, c r e d i t accident and heal th insurance and c red i t property insurance; the c r e d i t l i f e and c red i t accident and hea l th insurance which would be sold would be under-wr i t t en by an a f f i l i a t e , Consumer Life Insurance Company, I n c . ; the sale of property insurance in connection with the extensions of c r e d i t by Fleet Finance, Inc . i s grandfathered under sec t ion 601(D) of the Garn-St Germain Depository I n s t i t u t i o n s Act) these a c t i v i t i e s would be conducted in the geographic area surrounding Ci t rus County, F lo r ida , through i t s i n d i r e c t subs id i a ry , Fleet Finance, Inc. (10/12/83) 3/

T7 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y .

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 a u t h o r i t y .

Kansas City

Kansas City

Dallas

Dal las


H.? W * Ho. 41 - 1 0 -


'oston RIHT Financial Corporation, Providence, Rhode Island, 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 the orig inat ion, sa le and servicing of residential and commercial mortgage loans) at Suite B, Building 300, 780 Pi lot House Drive, Newport News, Virginia, the service area for the proposed a c t i v i t i e s would be the eastern portion of Virginia, through i t s sub-s i d i a r y , RIHT Mortgage Corporation (10/9/83) ZJ

Cleveland PNC Financial Corp, Pittsburgh, Pennsylvania, not i f i cat ion of intent to engage in de novo a c t i v i t i e s (making or acquiring and servicing for i t s own account and/or the account of others , loans and other extensions of credi t ) in Durham, North Carolina; Savannah, Georgia and Orlando, Florida, through i t s subsidiary, The Kissel 1 Company (10/12/83) 3/

Atlanta First Bancgroup-Alabama, Inc. , Mobile, Alabama, no t i f i ca t ion of intent to engage in de novo a c t i v i t i e s (acting as insurance agent or broker in the o f f i c e s of The First National Bank of R u s s e l l v i l l e , a subsidiary of the holding company; the types of insurance wil l include credit l i f e insurance, accident and health insurance, property damage insurance, and any insurance that (a) i s d irect ly related to an extension of credit by a bank or a bank-related firm of the kind described in Federal Reserve Regulation Y, or (b) i s d irect ly related to the provision of other financial services by a bank or bank-related firm) these a c t i v i t i e s would be performed in the c i ty of R u s s e l l v i l l e , and in the surrounding area of Franklin County, Alabama, through i t s subsidiary, FBG Insurance Agency, Inc. (10/30/83) 3/

St. Louis Citizens Fidel i ty Corporation, Louisvi l le , Kentucky, 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 processing and transmission of financial , banking or economic data for Applicant, i t s subs id iar ies , unrelated financial ins t i tut ions and others, and credit /debit card cardholder and merchant processing for Applicant, i t s subsidiaries and unrelated financial ins t i tu t ions ) these a c t i v i t i e s wil l be conducted in the States of California, I l l i n o i s , Indiana, Kentucky, Tennessee, West Virginia and the Northeastern U. S . , through i t s subsidiary, CFC Financial Services, Inc. (10/10/83) 2J

/ 4 (c ) (8 ) not i f i ca t ion processed by Reserve Bank on behalf of the Poard of Governors under delegated authority.


H.2, 1983 No. 41 - 11 -


San Francisco

San Francisco

San Francisco

BankAmerica Corporat ion, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( in the a c t i v i t i e s of s e c u r i t i e s brokerage, cons is t ing p r i n c i p a l l y of buying and s e l l i n g s e c u r i t i e s solely upon the order and fo r the account of customers, and of extending margin c r e d i t in conformity with Regulation T) a t 1000 Brickel1 Avenue, Suite 102, Mi ami, Florida and One Hospital Trust Plaza, Providence, Rhode I s l and , each o f f i c e serving a l l f i f t y s t a t e s and the D i s t r i c t of Columbia, through i t s indirect subs id ia ry , Charles Schwab & Co., Inc. (10/15/83) 3/

F i r s t I n t e r s t a t e Bancorp, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of i n t en t to engage in de novo a c t i v i t i e s ( in leas ing company a c t i v i t i e s to the extent of ac t ing as agent , broker , adviser or l e s so r with respect to nonoperating leases of real and/or personal proper ty ; and in investment advisory a c t i v i t i e s t o the extent of act ing as f inanc ia l adviser to s t a t e and local governments) to open a new o f f i c e of F i r s t I n t e r s t a t e Cogeneration Capital Associa tes , I n c . , which i s a wholly-owned subs id iary of F i r s t I n t e r s t a t e Merchants Bankers Ltd. a t 300 Tamal Plaza, Corte Madera, Ca l i f o rn i a , t o open a new o f f i c e of F i r s t I n t e r s t a t e Resource Finance Associa tes , Inc. which a lso i s a wholly-owned subsidiary of F i r s t I n t e r s t a t e Merchant Bankers, Ltd. a t 601 Cal i fo rn ia S t r e e t , San Francisco, Cal i forn ia ana at said loca t ions and at the main o f f i c e s of F i r s t I n t e r s t a t e Merchants Bankers L td . , F i r s t I n t e r s t a t e Cogeneration Capital Associa tes , Inc. and F i r s t I n t e r s t a t e Resource Finance Associa tes , Inc. at 707 Wilshire Boulevard, Los Angeles, C a l i f o r n i a , through i t s s u b s i d i a r i e s , F i r s t I n t e r s t a t e Merchant Bankers L td . , F i r s t I n t e r s t a t e Cogeneration Capital Associates , Inc. and F i r s t I n t e r s t a t e Resource Finance Associates , Inc. (10/11/83) 3/

Utah Bancorporation, Salt Lake City , Utah, n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( fo r the i ndus t r i a l loan corporat ion a c t i v i t i e s of the sub-s id ia ry in the manner authorized by Utah s t a t e law, including the acceptance of time and savings deposi ts and making, acquir ing and servic ing loans , leases of personal property in accordance with the Board's Regulation V and other extensions of c r e d i t ) at 24th

3? 4 (c ) (8 ) no t i f i ca t ion processed by Reserve Bank on behalf of the the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. A] - 1? -


S t ree t and Grant Avenue, Ogden, Utah, to serve the market areas surrounding the l oca t i on , through i t s subs id i a ry , Intermountain T h r i f t and Loan (10/15/83) 3/

* * * * *

To Issue E l ig ib l e Acceptances up t o 200 Percent of Paid-in Capital and Surplus

Approved New York Manufacturers Hanover Trust Company, New York, New

York: approved requests t o accept d r a f t s or b i l l s of exchange of t h e type described in 12 USC SEC, 372 in an aggregate amount up to 200 percent of i t s cap i ta l and su rp lus . (5/18/83) J /

New York Marine Midland Bank, N.A., New York, New York: approved request f o r permission to c rea te acceptances up t o 200 percent of the Bank's paid up and unimpaired cap i t a l stock and su rp lus . (7/28/83) J_/

1/ Application processed on behalf of the Paord of Governors under ^ delegated a u t h o r i t y . 2 / 4 (c ) (8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the ~ Foard of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 41 - 1 3 -

APPLICATIONS RECEIVED

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

Chicago F i r s t of America Bank - Cen t ra l , Lansing, Michigan, To e s t a b l i s h an of f -premise automated t e l l e r machine a t the south entrance on the ground f loo r of the Oldsmobile Administration Building a t 920 Townsend S t r e e t , Lansing, Michigan. 2J

Chicago Genesee Merchants Bank & Trust Co., F l i n t , Michigan. To e s t a b l i s h an automatic t e l l e r machine f a c i l i t y at Hurley Medical Center, Hurley Plaza, F l i n t , Michigan. 2]

Chicago Genesee Merchants Bank & Trust Co., F l i n t , Michigan. to e s t a b l i s h an automatic t e l l e r machine f a c i l i t y a t F l in t Osteopathic Hospi ta l , 3921 Beecher Road, F l i n t , Michigan. 2/

Chicago Genesee Merchants Bank & Trust Co., F l i n t , Michigan. To e s t a b l i s h an automatic t e l l e r machine f a c i l i t y a t GMI Engineering & Management I n s t i t u t e , 1700 W. Third Avenue, F l i n t , Michigan. 2J

Chicago Comerica Bank - D e t r o i t , De t ro i t , Michigan. To e s t a b l i s h an EFT a t Marey Golf and County Club -Ou t lo t , 2280 Union Lake Road, Union Lake, Michigan. 2/

Chicago Comerica Bank - De t ro i t , De t ro i t , Michigan. To e s t a b l i s h an EFT a t General Motors Technical Center, Twelve Mile Road Gate House, Warren, Michigan. 2J

Chicago Comerica Bank - D e t r o i t , De t ro i t , Michigan. To e s t a b l i s h an EFT at Universi ty of De t ro i t , Student L i fe Building, 4001 W. McNichols, De t ro i t , Michigan. 2]

Chicago Comerica Bank - D e t r o i t , D e t r o i t , Michigan. To e s t a b l i s h an EFT a t Owl Drug Store - Ou t l e t , Drayton, Michigan. 2/

Atlanta The Monroe County Bank, Monroeville, Alabama. To e s t a b l i s h a branch o f f i c e located on Highway 21 South, Monroeville, Alabama. 2/

2/ Applicat ion sub jec t to Community Reinvestment Act. The Community ~~ A f f a i r s O f f i c e r of the appl icable Reserve Bank may be contacted

as t o the length of the comment pe r iod .


H.?, 1983 No. 41 - 14 -

APPLICATIONS RECEIVED - Continued

Richmond Southern Bank, Richmond, Virginia. To establ ish a branch at 100 McLaws Circle , James City County, Virginia. 2/

P:chmofid Bank of Northumberland, Inc. , HeathsviUe, Virginia. To es tabl i sh a branch at the intersect ion of U. S. Route 360 and State Route 200, Burgess, Virginia. Zj

* * * * *

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

Minneapolis Northwestern Bank of Commerce, Duluth, Minnesota, to merge with North Shore State Bank, Duluth, Minnesota. V

* * * * *

Applications and Noti 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 ) , 4(c)(13) and 4(c)(14) of the Bank Holding Company Act of 1956, as amended

Bank of America NT4SA, San Francisco, California: l id c isco prior not i f i ca t ion of i t s intent to increase i t s

investment in i t s indirect subsidiary, BAI Leasing SpA, Milan, I ta ly .

* * * * *

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

^ Charter Financial Corporat ion, Framingham, Masschusetts for approval to acquire 100 percent of the voting shares of Framingham Trust Company, Framingham, Massachusetts. ?/

A;^ 'a?ice, subject to Community Reinvestment Act. The Community / ' i a i r < f e n c e r of the applicable Reserve Bank may be contacted

length nf the comment period.


H.2, if>< Ik0. 41 - 15 -


Cleveland

t ' t e la d

Atl#nta

Atlanta

Atlanta

Cmtaqo

Chicago

'hicago

*hica$p

' *. I fives

Farmers State Bancorp, Union City, Ohio, for approval to acquire 100 percent of the voting shares of The Farmers State Bank of Union City, Union City, Ohio. 2/

'"lion Bancorp., Inc . , West Mansfield, Ohio, for approval to acquire at l eas t 80 percent of the voting shares of the Union Banking company, West Mansfield, Ohio. 27

Citizens Express Company, Gainesvi l le , Georgia, for approval to acquire TOO percent of the voting shares of The Citizens Bank, Gainesvi l le , Georgia. 2/

Dickson Financial Corporation, Dickson, Tennessee, for approval to acquire 100 percent of the voting shares of The Bank of Dickson, Dickson, Tennessee. 27

Pulf Coast Bancshares, Inc. , Abbeville, Louisiana, for approval to acquire at l eas t 66.7 percent of the voting shares of Gulf Coast Bank, Abbeville, Louisiana. 2J

Countryside Financial Services, Inc. , Walworth, Wisconsin, for approval to acquire at least 80 percent or more of the voting shares of Walworth State Bank, Walworth, Wisconsin. 2J

First Financial Associates , Inc . , Kenosha, Wisconsin, for approval to acquire 100 percent of the voting shares ( l e s s directors ' qualifying shares) of the successor by merger to The First National Bank of Kenosha, Kenosna, Wisconsin. 2/

Itasca Bancorp Inc . , Itasca, I l l i n o i s , for approval to acquire 100 percent of the voting shares ( l e s s directors ' qualifying shares) of the successor by merger to Itasca Bank & Trust Co., Itasca, I l l i n o i s . 7j

Park Rancorporation, Inc. , Madison, Wisconsin, for approval to acquire 85.17 percent or more of the voting shares of The Park Bank, Madison, Wisconsin. 2/

Mid-Southern Indiana Bancorp, Seymour, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to The Seymour National Bank, Seymour, Indiana. ?/

/ ApjTuation subject t" Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as t

K . - 1 6 -

KAHONS RECEIVED . Continued

Wyoming Bancshares, Inc . , Wyoming, Minnesota, for approval to acquire 94.5 percent of the voting shares of First State Bank of Wyoming, Wyoming, Minnesota. 2/

City National Bancshares of Weatherford, Inc. , Weatherford, Oklahoma, for approval to acquire 100 percent of the voting shares of City National Bank of Weatherford, Weatherford, Oklahoma. 2/

First United Holding Company, St . John, Kansas, for approval to acquire 96.33 percent of the voting shares of F i r s t National Bank and Trust of S t . John, St . John, Kansas. 2J

Golden Plains Bankshares, I n c . , Ph i l l ip sburg , Kansas, f o r approval t o acquire 86.7 percent of the voting shares of F i r s t National Bank, Ph i l l i p sburg , Kansas. 2J

Oak Forest Bancshares, Inc. , Houston, Texas, f o r approval t o acquire 100 percent of the voting shares of Oak Forest Bank, Houston, Texas and Doctor's Center International Bank, Houston, Texas. 2]

Alaska Mutual Bancorporation, Anchorage, Alaska, for approval to acquire 100 percent of the voting shares of Alaska Mutual Bank, Anchorage, Alaska. 2/

Western Security Financial Corporation, Salem, Oregon, fo r approval to acquire 100 percent of the voting shares of Western Security Bank, Sal em, Oregon. 2j

* * * * *

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

Cleveland Community Bancshares, I n c . , McArthur, Ohio, for approve! to acquire 100 percent of the voting shares of The F i r s t Bremen Bank, Bremen, Ohio.

Atlanta F i r s t Southern Bank Corp., Englewood, F lo r ida , for approval to acquire TOO percent of the voting shares of Englewood Rank of Char lot te County, Englewood, F lo r ida . 2 /

?/ AppIication subjec t to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the appl icab le Reserve Bank may be contacted as tn the length nf the comment per iod .

Kansas City

Kansas City

Kansas City

Dallas

San Francisco

San Francisco


H.2, 1983 No. 41 - 17 -


Chicago

Chicago

Chicago

Kansas City

Kansas City

Kansas City

Dallas

CB Financial Corporat ion, Jackson, Michigan, fo r approval to acquire 100 percent of the voting shares ( l e s s d i r e c t o r s ' qua l i fy ing shares) of the successor by merger to Clinton Bank and Trust Company, Saint Johns, Michigan. 2J

Onarga Bancorp, I n c . , Onarga, I l l i n o i s , for approval t o acquire at l e a s t 91.88 percent or more of the voting shares of Bank of Chebanse, Chebanse, I11 i n o i s . 7J

Rainwood Corporat ion, Omaha, Nebraska, f o r approval to acquire 100 percent of the voting shares of Forest City Limited, Forest Ci ty , Iowa, and i n d i r e c t l y acquire 86.75 percent of Forest City Bank & Trust Company, Forest Ci ty , Iowa. 2J

F i r s t Enid, Inc . , Enid, Oklahoma, for approval to acquire 100 percent of the voting shares of Fairview S ta t e Bank, Fairview, Oklahoma. 2J

J. R. Montgomery Bancorporation, Lawton, Oklahoma, f o r approval to acquire an addi t ional .1875 percent of t he voting shares of City National Bank and Trust Company, Lawton, Oklahoma. 2/

Mid-America Bancshares, I n c . , Pleasant H i l l , Missouri, f o r approval to acquire at l e a s t 66.11 percent of t he voting shares of Ci t izens Bank of Norborne, Norborne, Missouri . 2/

Texas Commerce Bancshares, I n c . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Texas Commerce Bank-Richardson, N.A., Richardson, Texas, a proposed new bank. 2/

* * * * *

J 7 Applicat ion subjec t to Community Reinvestment Act. The Community A f f a i r s Off icer of the app l icab le Reserve Bank may be contacted as to the length of the comment per iod .


H.2, 1983 No. 41 - 18 -


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

Boston Old Stone Corporat ion, Providence, Rhode Is land , n o t i f i c a t i o n of in ten t t o engage in de novo a c t i v i t i e s ( in the acqui r ing , s e l l i n g and serv ic ing of f i r s t and second mortgage loans) a t 2929 E. Camel back Road, Sui te 120, Phoenix, Arizona, these a c t i v i t i e s would be conducted in the Sta tes of Ca l i fo rn ia and New Mexico, through i t s subs id ia ry , UniMortgage Corporation of Arizona (10/11/83)

New York C i t i co rp , New York, New York, requests permission to expand the a c t i v i t i e s of 80 o f f i c e s to include the following a c t i v i t i e s ( the sa le of c r e d i t - r e l a t e d property and casual ty insurance pro tec t ing real and personal property subjec t to a secur i ty agreement with Ci t icorp Savings and to the extent permissible under appl icable Sta te insurance laws and regula t ions) at 2619 Rlanding Avenue, Alameda; 479 S. Main S t r e e t , Angels Camp; 18th & "A" S t r e e t s , Antioch,; 1329 Broadway, Atwater; 84 Solano Square, Benicia; 2323 Shattuck Avenue, Berkeley; 1861 Solano Avenue, Berkeley; 1203 Highway 4 (Golden Oaks Center) , Brentwood; 1317 Lincoln Avenue, Cal is toga; 3820 Capitol a Road, Capitol a; 563 Carmel Rancho Shopping Center, Sui te 1, Carmel; 3550 Castro Valley Blvd. , Castro Valley; 7381 Greenback Lane, Citrus Heights; 5400 Ygnacio Valley Road, Clayton Valley; 14340 Lakeshore Drive, Clearlake Highlands; 4482 Treat Blvd. (Bel Air Shopping Center) , Concord; 480-E San Ramon Valley Blvd. , Danvil le; 10612 San Pablo Avenue (Moeser Lane Center) , El Ce r r i t o ; 12223 "A" S t r e e t , Hayward; 2048 West Highway 88, (Amador PIaza-Mar t e l l ) , Jackson; 2033 Railroad Avenue (Depot P laza) , Livermore; 229 S Church S t r e e t , Lodi; 130 Main S t r e e t , Los Altos; 2310 Homestead Road, Los Altos; 16879 Los Gatos Blvd. , Los Gatos; 3985 G S t r e e t , Merced; 21198 Cahstoga S t r e e t , Middletown; 446 Broadway, Mi 11brae; 130 Throckmorton Avenue, Mill Valley; 15 N Milpi tas Avenue (Bereford Square Shopping Center ) , Mi lp i tas ; 1101 "J" S t r e e t , Modesto; 3430 Tu 11y Road (Tully Manor Shopping Center ) , Modesto; 15900 Monterey Road (400 Tennant S t a t i o n ) , Morgan H i l l ; 360 Bel Aire Plaza, Napa; 35106 Newark Blvd. , Newark; 926 Diablo Avenue, Novato; 3530 Fru i tva le Avenue, Oakland; 180 Grand Avenue, Oakland; 4101 Piedmont Avenue, Oakland; 4100 Redwood Road (Lincoln Square Shopping Center) , Oakland; 77 Moraga Way,

i


H.?, 1983 No. 41 - 1 9 -


Orinda; 1 Palo Alto Square, 3000 El Camino Real, Palo Alto; 700 Contra Costa Blvd., Pleasant H i l l ; 2277 Watt Avenue, Sacramento; 3423 Watt Avenue, Sacramento; 3525 Fair Oaks Blvd. , Sacramento; 14151 Main Street , St . Helena; 1127 So. Main Street , Salinas; 700 El Camino Real, San Carlos; 260 California S t r e e t , San Francisco; 2400 Sut ter S t r e e t , San Francisco; 845 Grant Avenue, San Francisco, 845 Grant Avenue, San Francisco, 9 Kearny S t r e e t , San Francisco; 2400 19th Avenue, San Francisco; 159 New Montgomery, San Francisco; 4724 Meridian Avenue, San Jose; 488 Blossom Hill Road, San Jose; 5375 Prospect Road (Westgate West Shopping Center), San Jose; 2160 Tully Road (Eas t r idge) , San Jose; 15091 Hesperian Blvd. , San Leandro; 11 East Third Avenue, San Mateo; 2850 S. El Camino Real ( H i l l s d a l e ) , San Mateo; 2100 F i f t h Avenue, San Rafael ; 806 Ocean S t r e e t , Santa Cruz; 2801 Fourth Street , Santa Rosa; 201 West Napa St ree t (Sonoma Marketplace Shopping Center), Sonoma; 708 E. Mono Way, Sonora; 382 Grant Avenue, South San Francisco; 1810 Pac i f i c Avenue, Stockton; 7604 Pac i f i c Avenue, Stockton; 501 East Olive Street , Turlock; 1990 N. Cal i forn ia Blvd. , Walnut Creek; 1910 Tice Valley Blvd. (Rossmoor), Walnut Creek; 1360 Grand Avenue, Arroyo Grande; 7190 El Camino Real, Atascadero; 10210 Scripps Ranch Blvd. , San Diego; 742 March S t r e e t , San Luis Obispo; 1660 So. Broadway, Santa Maria, a l l located in C a l i f o r n i a , through i t s subs id ia ry , Ci t icorp Savings, a Federal Savings and Loan Association (10/13/83)

New York C i t i c o r p , New York, New York, requests permission to expand the service area to include the e n t i r e S ta te of New York engaging in the following a c t i v i t i e s ( the making or acquiring of loans and other extensions of c r e d i t , secured or unsecured, fo r consumer and other purposes; the purchasing and se rv ic ing fo r i t s own account of sa les f inance c o n t r a c t s ; the extension of loans to dea lers fo r the f inancing of inventory [ f l o o r planning] and working cap i t a l purposes; and the s e rv i c ing , fo r any person, of loans and other extensions of c r e d i t ) a t Bra in t ree Hill Off ice Park, 25 Braint ree Hill Park, Bra in t ree , Massachusetts, through i t s sub-s i d i a r y , Ci t icorp Acceptance Company, Inc. in New York d /b /a Ci t icorp A f f i l i a t e d Credit (10/13/83)


- 7 0 -

wKFIVCn - Conti utd

Correct ion: The notice for Citicorp, New York, New York, to

expand the service area in Braintree, Massachusetts through i t s subsidiary, Citicorp Acceptance Com-pany, Inc. (Delaware) which appeared on H.2 No. 40, 1983 was stated incorrect ly . The notice should have said to expand the se rv ice area "to include the Sta te of Connecticut" (10/4/83)

The Wachovia Corporation, Winston-Salem, North Carol ina, not i f i ca t ion of intent to engage in de novo a c t i v i t i e s [data processing, servicing of student loans and providing financial advice and p o r t f o l i o investment advice) in the State of California, through i t s subsidiary, Wachovia Services, Inc. (10/12/83)

First Railroad & Banking Company of Georgia, Augusta, Georgia, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s i in the making or acquiring for i t s own account or fo r the account of others, loans and extensions of credit consist ing of the f inancing of f i r e and casualty premiums primarily on auto-mobile l i a b i l i t y and c o l l i s i o n insurance issued by insurance companies and written by insurance agencies) these a c t i v i t i e s would he conducted in the s ta te of New Jersey, through i t s subs id ia ry , CMC Croup, Inc. and CMC's subsidiary, Capitol Premium Plan, Inc. (10/4/83)

Landmark Banking Corporation of Florida, Fort Lauderdale, Florida and Preferred Equity Investors of Florida, Inc . , Knoxville, Tennesse, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( in making, acquiring and servicing loans and other extensions of credit secured by real e s t a t e mortgages, for i t s own account and for the account of others; and se l l ing credit l i f e and accident and health insurance direct ly related to i t s extensions of credit ) from 7770 West Oakland Park Boulevard, Sunrise, Florida to 10050 North Florida Avenue, Third Floor, Tampa, Florida and from 6666 22nd Avenue, North, S t . Petersburg to MOO 66th Street , North, Sui te 484, St . Petersburg, Florida and to open an operat ions o f f i c e at 4901 North Federal Highway, F t . Lauderdale, Florida, the geographic area to be served will be the State of Florida, through i t s subs id ia ry , landmark Mortgage Corporation (10/11/83)


H.?*39B3No* dl - ? l -


Atlanta Landmark Banking Corporation of F lo r ida , F t . Lauderdale, Flor ida and Prefe r red Equity Investors of F lo r ida , I nc . , Knoxvil le , Tennessee, n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( in providing s e c u r i t i e s brokerage se rv ices r e s t r i c t e d to buying and s e l l i n g s e c u r i t i e s so le ly as agent for the account of customers and re la ted s e c u r i t i e s c r e d i t a c t i v i t i e s , as well as custodial s e rv i ce s , individual re t i rement accounts and cash management se rv ices ) at One Financial Plaza, Fort Lauderdale, F lo r ida , these a c t i v i t i e s would be conducted p r i n c i p a l l y in the S ta te of F lo r ida , through i t s subs id i a ry , Landmark Investment Serv ices , Inc. (10/11/83)

Atlanta One American Corporat ion, Vacherie, Louisiana, n o t i f i -ca t ion of in ten t to engage in de novo a c t i v i t i e s f i n s e l l i n g l i f e , accident and hea l t h , and involuntary unemployment insurance d i r e c t l y re la ted to i t s extensions of c r e d i t ) a t East Side, Louisiana Highway 20, Post Of f i ce Box 58, Vacherie, Louisiana, serving Louis iana, through i t s subs id i a ry , One American Agency, Inc . ( in /11 /83)

Chicago Charleston Bancorp, I nc . , Sp r ing f i e ld , I l l i n o i s , n o t i f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s (in the sa le of general insurance a c t i v i t i e s in a town with a population not exceeding 5,000 and to act as broker in the s a l e of c r e d i t l i f e and c red i t accident and heal th insurance) the geographic scope to be served i s Lewistown and Charleston, I l l i n o i s . (10/6/83)

Kansas City A f f i l i a t e d Bankshares of Colorado, I n c . , Boulder, Colorado, n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( in leas ing of real and personal p roper ty , and ac t ing as agent , broker or advisor in leas ing such p roper ty , in accordance with the Board's Regulation Y) these a c t i v i t i e s would be conducted in the S ta te of Colorado, through a proposed subs id i a ry , A f f i l i a t e d F i r s t Colorado Lease Company (10/14/83)

Kansas City Securi ty Corporat ion, Duncan, Oklahoma, n o t i f i c a t i o n of in t en t to engage in de novo a c t i v i t i e s (in Marketing NCR Encoding Proof of Deposit, Statement Preparat ion and Check Processing re la ted management consul t ing se rv ices in accordance with Regulation Y to f inanc ia l i n s t i t u t i o n s within the State of

Pfjc'eh ir?jg1K?"tlykMi1"'a r > S e C " H t y Check

I


H.2, 1983 No. 41 - 22 -


Kansas City Securi ty Corporat ion, Duncan, Oklahoma, n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s (in marketing e l e c t r o n i c Data Processing f o r banking app l i ca t ions and EDP re la ted management consul t ing serv ices in accordance with Regulation Y to f inanc ia l i n s t i t u t i o n s within the Sta te of Oklahoma) serving the Sta te of Oklahoma, with i n i t i a l emphasis on the South Central region of the S t a t e , through i t s sub-s id i a ry , Securi ty Data Processing Co. (10/12/83)

Dallas Coronado Bancshares, I nc . , El Paso, Texas, n o t i f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s (in act ing as agent in providing c r e d i t l i f e and d i s a b i l i t y insurance) a t 444 Executive Center Blvd. , Sui te 237, El Paso, Texas, serving the t r ade area cons i s t ing primarily of El Paso County, Texas, through a wholly-owned subs id i a ry , Coronado Life Insurance Company, El Paso, Texas (10/11/83)

BankAmerica Corporat ion, San Francisco, Ca l i f o rn i a , n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s (in the a c t i v i t i e s of s e c u r i t i e s brokerage cons is t ing p r inc ipa l ly of buying and s e l l i n g s e c u r i t i e s sole ly upon the order and for the account of customers, and of extending margin c r e d i t in conformity with Regulation T) a t 9461 Wilshire Boulevard, Suite 100, Beverly Hi l l s and 1101 Westwood Boulevard, Suite 100, Los Angeles, both located in C a l i f o r n i a , serving al l f i f t y S ta tes and the D i s t r i c t of Columbia, through i t s subs id ia ry , Charles Schwab & Co., Inc. (10/1/83)

San Francisco

* * * * *

REPORTS RECEIVED

Current Report Filed Pursuant to Section 13 of the Secur i t i e s Exchange Act

Bank of the Commonwealth D e t r o i t , Michigan (Month of September 1983)

Dearborn Bank and Trust Company Dearborn, Michigan (Month of October 1983)

* * * * *


H.P, 1983 No. 41 - 23 -


Ownership Statement Filed Pursuant to Section 13(d) of the Secu r i t i e s Exchange Act

Bank of the Commonwealth De t ro i t , Michigan (Filed by Comerica Inc. D e t r o i t , Michigan)

Union Trust Company of Wildwood Wildwood, New Jersey (Filed by Palmer M. Way, J r . )

* * * * *

PETITIONS FOR RULEMAKING

None.

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

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