h.2 actions of the board, its staff, and the federal reserve ... st. louis first national bank of...

ANNOUNCEMENT BY

BOARD Of GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1983 No. 33)

Actions of the Board; Applications and Reports

Received During the Week Ending August 20, 1983

APPLICABLE RESERVE BANK

Philadelphia

Richmond

Chicago

Chicago

Chicago

Chicago

ACTIONS OF THE BOARD

First Colonial Group, Inc . , Nazareth, Pennsylvania, extension of time to December 7, 1983, within which to consummate the formation of the bank holding company through the acquisit ion of 100 percent of the voting shares of Nazareth National Bank and Trust Company. 1/

Citizens National Bank, St . Albans, West Virginia, proposed acquisit ion of assets and assumption of deposit l i a b i l i t i e s of Citizens National Bank, St . Albans, West Virginia; report to Comptroller of the Currency on competitive factors . ]_/

Isabella Bank and Trust, Mt. Pleasant, Michigan, to make an investment in bank premises. J /

Corn Belt Bank, Bloomington, I l l i n o i s , application for prior approval to merge with Midwest Bank of Bloomington, Bloomington, I l l i n o i s , under the charter and t i t l e of Corn Belt Bank; report to the Federal Deposit Insurance Corporation on competitive fac tors . J /

NBB, i n c . , Chicago, I l l i n o i s , extension of time to November 19, 1983, within which to become a bank holding company through the acquisit ion of 75 per-cent or more of the voting shares of National Boulevard Bank of Chicago, Chicago, I l l i n o i s . _]_/

Pi lot Bancorp., Inc. , Pi lot Grove, Iowa, extension of time to November 25, 1983, within which to become a bank holding company through the acquisit ion of 80 percent or more of the voting shares of P i lo t Grove Savings Bank, P i lo t Grove, Iowa. 1/

T7 Application processed on behalf of the Board of Governors under delegated authority.

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

H.2, 1983 No. 33 - 2 -

ACTIONS OF THE BOARD-Continued

St . Louis State Bancorp, Inc. , Washington, Indiana, exten-sion of time to November 25, 1983, within which to become a bank holding company through the acquisit ion of the successor by merger to the State Bank of Washington, Washington, Indiana. V

St . Louis First National Bank of Sparta, Sparta, I l l i n o i s , proposed merger with FBS National Bank, Sparta, I l l i n o i s ; report to the Comptroller of the Currency on competitive factors . 1/

St . Louis Liberty Savings Bank, Mayfield, Kentucky, proposal to merge with LSB Bank, Inc. , Mayfield, Kentucky; report to the Federal Deposit Insurance Corpora-tion on competitive fac tors . V

f t . Louis National Bank of Commerce of Jackson, Jackson, Tennessee, proposal to merge with the First National Bank of Gibson County, Humboldt, Tennessee; report to the Comptroller of the Currency on competitive factors . V

Dallas Texas Bank and Trust Company, Sweetwater, Texas, proposed merger with New Texas Bank and Trust Company, Sweetwater, Texas; report to the Federal Deposit Insurance Corporation on competitive fac tors . J /

Dallas Helotes State Bank, Helotes, Texas, proposed merger with New Bank of Helotes, Helotes, Texas; report to the Federal Deposit Insurance Corporation on competitive factors . J /

Dallas Broadway Bancshares, Inc. , San Antonio, Texas, ex-tension of time to December 28, 1983, within which to consummate the acquisit ion of Eisenhower National Bank, Fort Sam Houston, Texas. J /

Dallas First State Bancshares of Yoakum, Inc. , Yoakum, Texas, extension of time to October 27, 1983, within which to consummate the acquisit ion of First State Bank, Yoakum, Texas. 1/



H.2, 1983 No. 33 - 3 -

ACTIONS OF THE BOARP-Continued

Dallas Frontier Bancorp, Vista, California, extension of time to November 5, 1983, within which to acquire 100 percent of the voting shares of Frontier Fi-nance Company, Vista, Cal i fornia. V

San First Interstate Bank of California, Los Angeles, Francisco California, extension of time to February 14,

1984, within which to establ ish a branch o f f i c e approximately 150 f ee t south of the southwest corner of the intersect ion of Orange and Doran Streets , 61endale, California. 1/

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


H.?, 1983 No. 33 - 4 -


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

Approved Philadelphia The Bank of New Jersey, Moorestown, New Jersey.

To es tabl i sh an o f f - s i t e e lectronic f a c i l i t y at Benigo Boulevard, Bellmawr, New Jersey. J /

The Toledo Trust Company, Toledo, Ohio. To estab-l i sh a branch o f f i c e at 418 South Main Street , Findlay, Ohio. J /

The Oollar Savings and Trust Company, Youngstown, Ohio. To establ i sh a customer bank communica-t ions terminal branch at the General Motors Assembly Division Lordstown Plant, 2300 Halley-Young Road, S.W., Lordstown, Ohio. ]_/

Valley Bank of Nevada, Las Vegas, Nevada. To es -tabl ish a branch o f f i c e in the v i c in i ty of 55 Highway 50, S tate ! ine , Douglas County, Nevada. V

CI eveland

Cleveland

San Francisco

* * * * *

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

Not Disapproved Kansas City The Merchants Bank, Kansas City, Missouri. V

Kansas City First State Management Corporation, Inc. , Salina, Kansas. J /

Kansas City TaImage Investment, Inc. , Talmage, Kansas. V

T 7 Application processed on behalf of the Board of Governors under delegated authority.


H.2, 10P3 No. 33 - 5 -

ACTIONS OF THE ROARP-Continued

Applications and Noti f icat ions tor In te rna t iona l Investments and Other Actions Pursuant to Sections ?6 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

roved New York Bankers International Corporation, New York, New

York: grants consent to continue to hold i t s investment in United Bank for Africa L td . , Lagos, Nigeria, a f t er United Rank establ i shes a federally l icensed branch in New York City.

New York Citibank Overseas Investment Corporation, Wilmington, Delaware: grants consent to continue to hold the shares of Diners Club Argentina Sociedad Anonima Comercial y de Turismo, Buenos Aires, Argentina, notwithstanding that Diners Argentina continues to provide travel agency serv ices .

New York U.S. Trust Corporation, New York, New York: grants consent to make an indirect investment in Saudi-U.S. Trust Company Limited, Nassau, Bahamas.

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

Approved Atlanta Capital City Bank firoup, Inc . , Tallahassee, Florida,

for approval to acquire 100 percent of the voting shares of Capital City First National Bank of Tallahassee, Capital City Second National Bank of Tallahassee, Industrial National Bank, City National Bank, a l l in Tallahassee, Florida; Havana State Bank, Havana, Florida and First National Bank of Jefferson County, Monticello, Florida. JJ


I


H..',

a:Tains '.f THL BOARO-Continued

Atlarta f i r s t Forest Corporation, Forest, Mississ ippi , for to acquire a t l east 80 percent of the

vciiry shores of Bank of Forest, Forest, Miss iss ippi . J /

age Banc of Reynolds, Reynolds, Indiana, for approval to acquire 100 percent of the voting shares of Banic of Reynolds, Reynolds, Indiana. J /

fMcago IS8 Financial Corp., Iowa City, Iowa, for approval to acquire 100 percent of the voting shares of the successor by merger to Iowa State Bank and Trust Co., Iowa City, Iowa. 2 /

Chicago Security Chicago Corp., Chicago, I l l i n o i s , for ap-proval to acquire 100 percent of the voting shares of the successor by merger to First Security Bank of Chicago, Chicago, I l l i n o i s . J_/

Chicago Wauwatosa Bancorp, Inc. , Wauwatosa, Wisconsin, for approval to acquire at least 80 percent of the voting shares of Wauwatosa State Bank, Wauwatosa, Wisconsin. V

St. Louis Clarendon Holding Co., Clarendon, Arkansas, for approval to acquire at l eas t 80 percent of the voting shares of The Merchants & Planters Bank, Clarendon, Arkansas. 1/

Kansas City MetroBancshares, Inc . , Oklahoma City, Oklahoma, for approval to acquire at least 80 percent of the voting shares of MetroBank, National Association, Oklahoma City, Oklahoma. V

Kansas City NkC Bancshares, Inc. , North Kansas City, Missouri, for approval to acquire 98.36 percent of the voting shares of North Kansas City State Bank, North Kansas City, Missouri. 1/

T7 Application processed on behalf of the Board of fiovernors under dp!fgate" (lutf'Ority.


H.2, 1983 No. 33 - 7 -


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

Approved Richmond Credit and Commerce American Holdings, N.V.,

Willemstad, Netherlands A n t i l l e s ; Credit and Commerce American Investment, B.V., Amsterdam, The Netherlands; F i r s t American Corporation, Washington, D.C.; and F i r s t American Bankshares, Inc . , Washington, D.C., f o r approval to acquire an additional 63.6310 percent of the common stock of Valley F i d e l i t y Bank and Trust Company, Knoxville, Tennessee.

Kansas City Colorado Springs Banking Corporation, Colorado Springs, Colorado, for approval t o acquire at l e a s t 80 percent of the voting shares of Ci t izens National Bank, Colorado Springs, Colorado. 1/


Approved Cleveland Mellon National Corporation, P i t t sburgh , Penn-

sy lvan ia , f o r approval to merge with CCB Bancorp, Inc . , S ta te College, Pennsylvania and ind i r ec t l y acquire 100 percent of the voting shares of Central Counties Bank, S ta te College, Pennsylvania.

Dallas Mercantile Texas Corporat ion, Dal las , Texas, fo r approval to acquire 100 percent of the voting shares of Fi rs t -Wichi ta Bancshares, I n c . , Wichita F a l l s , Texas and i n d i r e c t l y acquire Firs t -Wichi ta National Bank of Wichita Fa l l s and Southwest National Bank of Wichita F a l l s , both of Wichita F a l l s , Texas.

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

I


H.?, 1983 No. 33


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

Withdrawn Kansas City F i r s t S ta te Management Corporat ion, Inc . , Sa l ina ,

Kansas, f o r approval to r e t a in 100 percent of F i r s t Place Finance Company, Sa l ina , Kansas, a company engaged in consumer lending and the sa le of c r e d i t r e l a ted insurace .

Approved New York Marine Midland Banks, Inc . , Buffa lo , New York; The

Hongkong and Shanghai Banking Corporation, Hong Kong; K e l l e t t , N.V., Curacao, Netherlands A n t i l l e s ; and HSBC Holdings, B.V., Amsterdam, The Netherlands, fo r approval to engage de novo, through t h e i r sub-s id ia ry , Marine Midland Realty Credit Corporation, Buf fa lo , New York in the a c t i v i t y of arranging equi ty f inancing fo r income-producing real p r o p e r t i e s .

S t . Louis Clarendon Holding Co., Clarendon, Arkansas, fo r ap-proval to engage de novo in real e s t a t e appra i s ing . 1/

Permitted New York C i t i c o r p , New York, New York, requests permission

to expand the a c t i v i t i e s to include the following a c t i v i t i e s ( c r e d i t card a c t i v i t i e s , including the issuance of the c r e d i t card to customers and the se rv ic ing for i t s own account of the c r e d i t card accounts r ece ivab le ; the s o l i c i t i n g of merchants t o p a r t i c i p a t e in the c r e d i t card program so t ha t merchants will accept the c r ed i t card from customers) a t 14109 E. Exposi t ion, Aurora, Colorado, throught i t s subs id i a ry , Ci t icorp Person-to-Person Aurora Indus t r ia l Bank (8/14/83) 3/

New York C i t i c o r p , New York, New York, requests permission to e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (TFe making or acquir ing of loans and other extensions of c r e d i t , secured or unsecured, fo r consumer and other purposes; the sa le of c r e d i t -r e la ted l i f e and accident and heal th insurance by

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

3/ 4 ( c ) (8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 33 - 9 -


l icensed agents or brokers , as required; the making, acqu i r ing , and s e rv i c ing , for i t s own account and fo r the account of o t h e r s , of extensions of c red i t to ind iv idua l s secured by l i ens on r e s iden t i a l or non- res iden t ia l real e s t a t e ; and the sa le of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y re la ted to extensions of mortgage loans) a t Oyster Point Executive Sui tes Building, 739 Thimble Shoals Boulevard, Newport News, Vi rg in ia , through i t s s u b s i d i a r i e s , Ci t icorp Homeowners, Inc . and Ci t icorp Person-to-Person Financial Center , Inc . (Delaware) (8/6/83) 3/

New York C i t i c o r p , New York, New York, requests permission to e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (makingor acqu i r ing , fo r i t s own account or f o r the account of o t h e r s , loans and other extensions of c r e d i t , secured or unsecured, to indiv iduals and businesses inc lud ing , but not l imited t o , consumer lending , r e s i d e n t i a l and non-res ident ia l real e s t a t e lending , commercial lending, s a l e s f inance , inventory f i nanc ing , mobile and manufactured home lending, and f a c t o r i n g ; leas ing personal or real property or ac t ing as agent , broker or advisor in leasing such property and serv ic ing such l e a s e s , subject to a l l of the q u a l i f i c a t i o n s s p e c i f i c in 12 C.F.R. 225 .4(a) (6) (a ) and ( b ) , where the leases serve as the funct ional equivalent of an extension of c r e d i t to the lessee of the proper ty ; serv ic ing loans and other extensions of c r e d i t fo r any person; and the sa le of c r e d i t - r e l a t e d l i f e and accident and heal th insurance by l icensed agents or b rokers , as r equ i red , and the sa le of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y r e l a t ed to the extensions of mortgage loans) at Broad S t ree t and At lan t ic Avenue, Stamford, Connecticut , through i t s subs id i a ry , Ci t icorp (USA), Inc . (8/5/83) 1 /

New York European American Bancorp, New York, New York, requests permission t o r e t a i n an o f f i c e of i t s subs id ia ry , Do man & Wilson, I n c . , engaged in the following a c t i v i t i e s (mortgage banking, loan servic ing and real e s t a t e appra is ing a c t i v i t i e s ) at 1281 Main S t r e e t , Stamford, Connecticut (8/6/83) 3/

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 authority.


¥ . ? , 19F3 No. 33 — 10 "

ACTIONS OF THE BOARO-Continued

Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania, not i f i ca t ion of intent to engage in oe novo a c t i v i t i e s (the making, acquiring and servicing of loans and other extensions of cred i t , e i ther secured or unsecured, for i t s own account or for the account of others including, but not limited t o , loans and other extensions of credit secured by mortgages or deeds of trust on real property; commercial lending including accounts receivable and inventory financing; leasing personal or real property, or acting as agent, broker or advisor in leasing such property and servicing such l eases , subject to al l the qual i f icat ions s p e c i f i c in Section 225.4(a)(6) of Regulation Y; and acting as agent for the sa le of related credit l i f e , credit accident and health insurance in connection with extensions of credit by any of applicant's subsidiaries) at 6520 Powers Ferry Road, Suite POO, Atlanta, Georgia, through i t s subsidiary, Mellon Financial Services Corporation (8/19/83) 3/

M . Louis First Arkansas Bancshares, Inc. , Jacksonvil le, Arkansas, not i f i ca t ion of intent to engage in de novo a c t i v i t i e s ( in acting as agent for the underwriter of credit l i f e insurance and credit accident and health insurance d irec t ly related to extensions of credit by F i r s t Jacksonvil le Bank) through i t s subsidiary, F i r s t Jacksonvil le Corporation (8/15/83) 3/

Minneapolis Dakota Bankshares, Inc. , Fargo, North Dakota, for approval to establ ish a branch o f f i c e of Dakota Financial Services, Inc. , Fargo, North Dakota, in Mi not, North Dakota (8/17/83) 3/

Orient Bancorporation, San Francisco, California, not i f i ca t ion of intent to engage in de novo a c t i v i t i e s (making or acquiring and servicing mortgage loans for i t s own account and for the account of others) at 233 Sansome Street , San Francisco, California, serving the State of C a l i f o r n i a , through i t s sub-s id iary , Orient Mortgage Corporation (8/16/83) 3/

17 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 .

San Francisco


H,?„ 19A3 fio. 33 - 11 -

ACTIONS OF THE BOARO-Continued

San Francisco

San Francisco

Orient incorporat ion , San Francisco, California, 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 giving investment or financial advice, including port fo l io Investment advice and advice to mortgage or real es tate Investment trusts) at 233 Sansome Street , San Francisco, California, serving the State of California ( 8 / 1 6 / 8 3 ) 3 /

Security Pacif ic Corporation, Los Angeles, California, not i f i ca t ion of intent to engage in de novo a c t i v i t i e s ( in making or acquiring, "For i t s own account or for the account of others, asset based business loans and other commercial or indus-tr ia l loans and extensions of cred i t , such as would be made by a factoring, rediscount or commercial finance company and engaging generally in the factoring business) in Irvine, California, serving the United States , through i t s subsidiary, Security Paci f ic Business Credit Inc. (8/20/83) 3/

17 4 ( c ) ( 8 ) no t i f i ca t ion processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2, 1983 No. 33

New York

Richmond

Richmond

Richmond

- 1 2 -

APPLICATIONS RECEIVED

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

Central Trust Company, Rochester, New York. To e s t a b l i s h ten o f f s i t e e l ec t ron i c f a c i l i t i e s in nine New York S ta te communities. 2/

Farmers and Miners Bank of Lee County, Pennington Gap, V i rg in i a . To e s t ab l i sh a branch near the i n t e r s e c t i o n of Route 694 and U.S. Highway #58, Lee County, V i rg in i a . 2J

Virginia Bank and Trust Company, Danvil le , Vi rg in ia . To e s t a b l i s h a branch at North Main S t ree t and Seminole Drive, Danvi l le , Vi rg in ia . 2/

Union Trust Company of Maryland, Baltimore, Maryland, To e s t a b l i s h branches a t 5040 S i n c l a i r Lane, Baltimore, Maryland and at the i n t e r sec t ion of Hooks Lane and Reistertown Road, Baltimore County, Maryland. 2/

* * * * *

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

Richmond Community Bank & Trust Company of Vi rg in ia , S t e r l i n g , V i rg in i a . 2/

Minneapolis Valley Bank of Ronan, Ronan, Montana. 2J

Yj Applicat ion sub jec 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 to the length of the comment pe r iod .


H .2, 1983 No. 33 - 13 -

APPLICATIONS RECEIVED-Continued

Applicat ions and No t i f i ca t i ons fo r In ternat 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

New York Citibank Overseas Investment Corporation, Wilmington, Delaware: p r io r n o t i f i c a t i o n of i t s in t en t to con-t inue to hold, e i t h e r d i r e c t l y or i n d i r e c t l y , a l l the cap i ta l stock of Citibank Canada, Toronto, Ontario, Canada a f t e r Citibank Canada makes an addi t ional investment in i t s wholly owned sub-s i d i a r y , Citibank Canada Mortgage Corporation, Toronto, Ontar io , Canada.

Atlanta F i r s t Atlanta Corporat ion, At lan ta , Georgia: pr ior n o t i f i c a t i o n of i t s i n t e n t to increase i t s inves t -ment in i t s i n t e rna t iona l f inance subs id ia ry , F i r s t Atlanta In terna t ional Finance, N.V., Curacao, Netherlands A n t i l l e s .

* * * * *

Cleveland

Cleveland

Atlanta

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

Farmers National Bancorp of Cynthiana, I n c . , Cynthiana, Kentucky, fo r approval to acquire a t l e a s t 84 percent of the voting shares of The Farmers National Bank of Cynthiana, Cynthiana, Kentucky. 2/

United Bancorp, I n c . , Martins Ferry , Ohio, fo r ap-proval to acquire 100 percent of the voting shares of The Ci t izens Savings Bank, Martins Ferry , Ohio. 2/

Community Banking Corporat ion, Bradenton, F lo r ida , fo r approval to acquire at l e a s t 80 percent of the voting shares of Community Bank of Manatee, Bradenton, F lo r ida . 2/

27 Applicat ion subjec t to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the app l icab le Reserve Bank may be contacted as to the length of the comment pe r iod .


H.2, 1983 No. 33 - 1 4 -


At]anta

Atlanta

Atlanta

F i r s t City Bancorp, I n c . , Ga inesv i l l e , F lo r ida , fo r approval to acquire at l e a s t 80 percent of the voting shares of F i r s t City Bank of Gainesv i l l e , Ga inesv i l l e , F lo r i da . 2]

Florida Central Banks, I n c . , Chipley, F lo r ida , f o r ap-proval to acquire 97.0 percent of the voting shares of Bank of Washington County, Chipley, F lo r ida . 2/

Florida Community Banks, I nc . , Bonifay, F lor ida , for approval to acquire 97.8 percent of the voting shares of F i r s t Bank of Holmes County, Bonifay, F lo r ida . 2/

Atlanta

Chicago

Chicago

S t . Louis

S t . Louis

Minneapolis

F N BanCorp, I n c . , Tullahoma, Tennessee, fo r approval to acquire 100 percent of the voting shares of F i r s t American National Bank, Tullahoma, Tennessee. 2/

Logansport Bancorp, Inc . , Logansport, Indiana, for approval to acquire 100 percent of the voting shares of The Farmers & Merchants S t a t e Bank, Logansport, Indiana. 2j

Wainwright Financial Corporat ion, Noblesvi l le , Indiana, for approval to acquire 100 percent of the voting shares ( l e s s d i r e c t o r s 1 qua l i fy ing shares) of the successor by merger to Wainwright Bank and Trust Company, Noblesvi l le , Indiana. 2/

Fi r s t I l l i n o i s Bancorp, I nc . , Manchester, Missouri , f o r approval to acquire a t l e a s t 80 percent of the voting shares of F i r s t National Bank in Chester , Chester , I l l i n o i s . 2j

North Missouri Bancorp., I n c . , LaBelle, Missouri , f o r approval to acquire at l e a s t 80 percent of the voting shares of The Ci t izens Bank of Edina, Edina, Mi s s o u r i . 2J

Kittson Investment Company, Grygla, Minnesota, for approval to acquire 99.2 percent of the voting shares of American Sta te Bank of Grygla, Grygla, Minnesota. 2/

2? Application subjec t to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the app l icab le Reserve Bank may be contacted as to the length of the comment pe r iod .


H.2, 1983 No. 33 - 1 5 -

APPLiCATIONS RECEIVED-Continued

Kansas City American Exchange Bancorp, I n c . , Norman, Oklahoma, for approval to acquire a t l e a s t 80 percent of the voting shares of American Exchange Bank and Trust Company, Norman, Oklahoma. 2/

Dallas Mineola Bancshares, I nc . , Mineola, Texas, for ap-proval to acquire 100 percent of the voting shares of Mineola Sta te Bank, Mineola, Texas. 2/

Dallas New Mexico Bank Holding Company, Ruidoso, New Mexico, f o r approval to acquire 100 percent of the voting shares of Security Bank, Ruidoso, New Mexico. 2/

Dallas Pecos County Bancshares, I n c . , Fort Stockton, Texas, fo r approval t o acquire 100 percent of the voting shares of The Pecos County Sta te Bank, Fort Stockton, Texas. 2/

* * * * *

Boston

New York

Chicago


The Conifer/Essex Group, I n c . , Worcester, Massachusetts, fo r approval to acquire 100 percent of the voting shares of Union National Bank, Lowell, Massachusetts and Falmouth Bank and Trust Company, Falmouth, Massachusetts . 2/

Horizon Bancorp, Morristown, New J e r s e y , for approval t o r e t a in 100 percent of the voting shares of Horizon Trust Company, National Associat ion, Morristown, New J e r s e y . 2J

Banks of Iowa, I n c . , Des Moines, Iowa, f o r approval to acquire a t l e a s t 90 percent or more of the voting shares of Henry County Savings Bank, Mount P leasan t , Iowa. ? /

J7 Application subjec t to Community Reinvestment Act. The Community Af fa i r s Of f i ce r of the appl icab le Reserve Bank may be contacted as to the length of the comment pe r iod .


H.2, 1983 No. 3? - Ifi -

APL1CATI0NS RECEIVED-Continued

Chicago

St . Louis

S t . Louis

Kansas City

Kansas City

Kansas City

Dallas

Harris Rankcorp, Inc. , Chicago, I l l i n o i s , for ap-proval to acquire 100 percent of the voting shares ( l e s s d irectors ' qualifying shares) of the successor by merger to Bank of Naperville, Napervil le , I l l i n o i s . 2/

Delta Bancshares Company, St . Louis, Missouri, for approval to acquire at l eas t 45.25 percent of the voting shares of Eureka Rank, Eureka, Missouri. ?/

LaBelle Bancshares, Inc. , LaBelle, Missouri, for approval to acquire 100 percent of the voting shares of North Missouri Bancorp, Inc. , LaBelle, Missouri and indirect ly at l eas t 80 percent of the voting shares of The Citizens Bank of Edina, Edina, Missouri. Zj

The American Company, Lawton, Oklahoma, for approval to acquire 100 percent of the voting shares of American National Bancorp, Inc. and indirect ly The Sheridan Bank and Trust Company, both of Lawton, Oklahoma. 2/

American National Bancorp, Inc. , Lawton, Oklahoma, for approval to acquire 100 percent of the voting shares of Sheridan Bancorp, Inc. and indirect ly Sheridan Bank and Trust Company, Lawton, Oklahoma. y

First Golden Bancorporation, Golden, Colorado, for approval to acquire 100 percent of the voting shares of First Interstate Bank of Arvada, N.A., Arvada, Colorado and First Interstate Bank of Westminster, N.A., Broomfield, Colorado, both proposed new banks. 2]

Grand Bancshares, Inc . , Dallas, Texas, for approval to acquire 100 percent of the voting shares of Grand Bank Airport Freeway at Highway 157, N.A., Bedford, Texas. ?/

27 Application subject to Community Reinvestment Act. The Community ~ Affairs Off icer of the applicable Reserve Bank may be contacted

as to the length of the comment period.


%.?, 1093 No. 3? - 1 7 -

APLICATIONS RECEIVED-Continued

F i r s t ^^rthwest Bancorporat ion, S e a t t l e , Washington, f r * c i s c o fo r dp;roval to acqu i re 100 percent of the voting

shares of Cascade Secur i ty Bank, Enumclaw, Washington. jV

* * * * *

Boston

Boston

Boston

To Expand a Bank Holding Company Pursuant to Section 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1%6

F lee t F inancia l Croup, I n c . , Providence, Rhode I s l and , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( ( i ) the o r i g i n a t i o n and s a l e of r e s i d e n t i a l and commercial mortgage loans and loans secured by j u n i o r Mens on r e s i d e n t i a l rea l e s t a t e and ( i i ) the s e r -v ic ing of r e s i d e n t i a l and commercial mortgage loans and loans secured by j u n i o r Mens on r e s i d e n t i a l real e s t a t e ) a t 1370 Niayra F a l l s Boulevard, Tonawanda, New York* se rv ing E r i e , Genesee, Monroe, Niagra, Orleans and Wyoming coun t i e s in New York, through i t s d i r e c t s u b s i d i a r y , F l ee t Mortgage Corp. (8/18/83)

Old Stone Corpora t ion , Providence, Rhode I s l a n d , no-t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( in the underwri t ing of c r e d i t l i f e and c r e d i t a c c i -dent and hea i th insurance wr i t t en in connection with ex tens ions of c r e d i t by an a f f i l i a t e d bank holding company s u b s i d i a r y , UniMortgage Corporation of MN) se rv ing the S t a t e of Minnesota, through i t s i n d i r e c t s u b s i d i a r y , The Motor L i f e Insurance Company (8/18/83)

Old Stone Corpora t ion , Providence, Rhode I s l a n d , 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 ( in the o r i g i n a t i o n , s a l e and se rv i c ing of second mortgage loans ; t h e s a l e of c r e d i t l i f e and c r e d i t acc ident and hea l th insurance which, pursuant to concurrent approval sha l l be underwri t ten by an a f f i l i a t e d bank holding company s u b s i d i a r y , Motor L i fe Insurance Company) a t 2950 Metro Drive,

2/ Appl ica t 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 app l i cab l e Reserve Bank may hp contacted as to the length of the comment p e r i o d .


H.2, 1983 No. 33 - 1 8 -


Bloomington, Minnesota, serving the g rea te r metro-pol i tan area of the City of Bloomington, Minnesota and S t . Paul and Hennepin County, through i t s i nd i r ec t s u b s i d i a r i e s , UniMortgage Corporation of MN and The American Standard Insurance Agency (8/18/83)

Boston Shawmut Corporat ion, Boston, Massachusetts, n o t i -f i c a t i o n of in ten t to r e loca te de novo a c t i v i t i e s ( in insurance agency a c t i v i t i e s for the sa le of c r e d i t l i f e and c r e d i t accident and health insurance sold in connection with extensions of c r e d i t ) from 446 Main S t r e e t , Worcester, Massachusetts to One Federal S t r e e t , Boston, Massachusetts, a d is tance of approximately 40 mi les , serving the Commonwealth of Massachusetts , through i t s ind i rec t subs id ia ry , Wornat Insurance Agency, I n c . , Worcester, Massachu-s e t t s (Wornat: to be renamed Shawmut Insurance Agency, Inc . ) (8/18/83)

Chicago F i r s t Chicago Corporation, Chicago, I l l i n o i s , no 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 performing or carrying or any one or more of the func t ions or a c t i v i t i e s t ha t may be performed or ca r r i ed on by a t r u s t company including a c t i v i t i e s of a f i d u c i a r y , agency or custodial nature) at Three F i r s t National Plaza, Chicago, I l l i n o i s , through i t s subs id i a ry , F i r s t Chicago Investments Advisers, National Association (8/13/83)

Chicago Union Bancorp I n c . , Grand Rapids, Michigan, for ap-proval to acquire 100 percent of the voting shares of Bankers Leasing Services , Inc . , Sou thf ie ld , Michigan.

Minneapolis Norwest Corporat ion, Minneapolis, Minnesota, 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 (in the a c t i v i t i e s of consumer f inance , sa les f i -nance and commercial f i nance , the o f f e r i n g for s a l e and s e l l i n g of t r a v e l e r s checks, the sa le of c r e d i t l i f e , c r e d i t accident and heal th and property and c r ed i t re la ted casual ty insurance re la ted to extensions of c r e d i t by tha t company and through i t s subs id i a ry , Centurion Life Insur-ance Company, in the a c t i v i t i e s of underwriting c r e d i t l i f e and accident and health insurance


H.2, 1983 No. 33 - 19 -


re la ted to extensions of c r e d i t by Norwest Financial South Dakota, I nc . , such under-wr i t ing and sa le of c r e d i t - r e l a t e d insurance being permiss ible a c t i v i t i e s under Subparagraphs A and D of T i t l e VI of the Garn - S t . Germain Depository I n s t i t u t i o n s Act of 1982) at 41st S t ree t and Marion Road, Sioux F a l l s , South Dakota, serving Sioux F a l l s , South Dakota and nearby communities, through i t s subs id ia ry , Norwest Financial South Dakota, Inc . (8/10/83)

Kansas City Sherman County Management, I nc . , Loup Ci ty , Nebraska, f o r approval to r e t a in ce r t a in a s s e t s of Skotchdopole Agency, Inc . , Ravenna, Nebraska, a general insurance agency.

San BankAmerica Corporation, San Francisco, C a l i f o r n i a , Francisco 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 (making or acquir ing for i t s own account loans and other extensions of c r ed i t such as would be made or acquired by a f inance company; se rv ic ing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance , c r e d i t - r e l a t e d accident and health insurance and c r e d i t - r e l a t e d property insurance; the aforementioned types of c r e d i t - r e l a t e d i n i -surance are permisible under Section 4 (c ) (8 ) (d ) of the Bank Holding Company Act of 1956, as amended by the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982 and Section 2 of the Pennsylvania Act of the General Assembly 1974 (P.L. 1148, No. 365,1 (40 P.S. 281)); such a c t i v i t i e s will inc lude , but not be l imited t o , making consumer ins ta l lment loans , pur-chasing ins ta l lment sa les f inance c o n t r a c t s , making loans and other extensions of c r e d i t t o bus inesses , making loans and other exten-sions of c r e d i t secured by real and personal p roper ty , and o f f e r i n g c r e d i t - r e l a t e d l i f e , c r e d i t - r e l a t e d accident and health and c r e d i t -r e la ted property insurance d i r e c t l y re la ted to extensions of c r e d i t made or acquired by Fi-nanceAmerica Consumer Discount Company; c r e d i t -re la ted l i f e and c r e d i t - r e l a t e d accident and


108? No. 33 - ?0 -


health insurance may be reinsured by BA Insur-ance Company, Inc. an a f f i l i a t e of Finance-America Consumer Discount Company) in Bethlehem, Monroeville, and Scranton, Pennsylvania, each o f f i c e wil l serve the entire State of Penn-sylvania, through i t s indirect subsidiary, FinanceAmerica Consumer Discount Company (a Pennsylvania Corporation) (8/16/83)

San Crocker National Corporation, San Francisco, Cali-Francisco fornia and Midland California Holdings Limited,

both of London, England, for approval to engage in the nonbanking ac t iv i ty of arranging equity financing for income producing real property.

* * * * *

REPORTS RECEIVED

Proxy Statement (Special Meeting) Filed Pursuant to Section 14(a) of the Securit ies Exchange Act

Union Bank 8 Trust Co., Montgomery, Alabama.

* * * * *

PETITONS FOR RULEMAKING

None.


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