H.2 Actions of the Board, its Staff, and the Federal ... · 3/13/1982 · franc;seo Kansas City...

APPLICABLE RESERVE BANK

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At lanta

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Cleveland

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1982 No. 11)

Actions of the Board; Appl icat ions and Reports

Received During the Week Ending March 13, 1982

ACTIONS OF THE BOARD

Statement by Theodore E. A l l i s o n , S ta f f Director fo r Federal Reserve Bank A c t i v i t i e s , before the Sub-committee on Consumer A f f a i r s of the Senate Banking Committee to present the views of the Board of Governors of the Federal Reserve System regarding delayed funds a v a i l a b i l i t y po l i c ies and pract ices.

Regulation K amendment, permi t t ing Edge Corporations to engage in the United States in cer ta in economic and investment advisory and investment management services (Docket No. 4-0366).

F i d e l i t y Union Bank, Newark, New Jersey, issuance of a subordinated cap i ta l note.

Austin County Bankshares, I n c . , B e l l v i l l e , Texas, extension of time to June 2, 1982, w i th in which to consummate the acqu is i t i on of Austin County State Bank, B e l l v i l l e , Texas. _1/

Banks County Financial Corporat ion, Homer, Georgia, extension of time u n t i l July 14, 1982, w i th in which to become a bank holding company through acqu is i t ion of Bank of Banks County, Homer, Georgia. 1/

CBC, I n c . , C lov is , New Mexico, extension of time to June 30, 1982, w i th in which to consummate the acqu is i t ion of The Cit izens Bank of C lov is , C lov is , New Mexico. 1/

Central Corporat ion, Monroe, Louisiana, extension of time to Apr i l 23, 1982, w i th in which to consummate the acqu is i t ion of Central Bank, Monroe, Louisiana. JJ

Colonial Banc Corp., Eaton, Ohio, extension of time u n t i l July 21, 1982, w i th in which to acquire Eaton National Bank and Trust Co., Eaton, Ohio. 1/

1/ App l ica t ion processed on behalf of the Board of Governors under delegated au tho r i t y .

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

H.2, 1982 NO. 11 2 -

ACTIONS OF THE BOARD-Continued

Chicago F i r s t Morton Bancorp, I nc . , Morton, I I l i n o i s , extension of time to Apr i l 30, 1982, w i th in which to become a bank holding company through the acqu is i t ion of 80 percent or more of the vot ing shares of F i r s t National Bank of Morton, Morton, I l l i n o i s . 1/

Chicago Hayesvi l le Bancshares, Inc.* Hayesvi l le , Iowa, extension of time to June 9, 1982, w i th in which to become a bank holding company through the acqu is i t ion of 80 percent or more of the vot ing shares of Hayesvi1le Savings Bank, Hayesvi l ie , Iowa. V

Dallas In ternat ional Bancshares Corporation, Laredo, Texas, extension of time to March 30, 1982, w i th in which to consummate the acqu is i t i on of Commerce Bank, N.A., Laredo, Texas. _!/

St. Louis Mercanti le Bancorporation I nc . , St. Louis, Missour i , addi t ional extension of time u n t i l June 1, 1982, w i th in which to open Mercant i le Bank of South County, N.A., St. Louis County, Missouri s a proposed new bank, j /

St. Louis Old Capital Financal Corporation, Corydon, Indiana, extension of time u n t i l May 15, 1982, w i th in which to become a bank holding company through the acqu is i t ion of Old Capital Bank and Trust Company, Corydon, Indiana, the successor by merger w i th Capital Bank, Corydon, Indiana. V

Kansas City P l a t t e v i l i e Capital Corp., P l a t t e v i l i e , Colorado, extension of time u n t i l Apr i l 24, 1982, w i th in which to consummate the acqu is i t i on of P l a t t e v i ! l e State Bank, P l a t t e v i l i e , Colorado. 1/

At lanta Sun Banks of F lo r ida , I n c . , Orlando, F lo r ida , extension of time u n t i l June 15, 1982, w i th in which to acquire Commercial Bank of Okeechobee, Okeechobee, F lor ida , y

Dallas United Mercant i le Bancshares, I nc . , Shreveport, Louisiana, extension of time to May 28, 1982, w i th in which to consummate the a c t i v i t y of brokering leases through a subsidiary known as United Mercant i le Leasing Company, Shreveport, Louisiana. _!/

Dallas Valley Bancorp, Inc.» El Paso, Texas, extension of time u n t i l May 31, 1982, w i th in which to consummate the acqu is i t ion of The Valley Bank of El Paso, El Paso, Texas. \ j

Minneapolis Farmers State Bank of West Concord, West Concord, Minnesota, to make an investment in bank premises. 1/

! / Appl icat ion processed on behalf of the Board of Governors under delegated au tho r i t y .


H.y, 19 2 No. H

Kansas City

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Chicago

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f i d e l i t y Bank jno i r us t , Aurora, Colorado, extension to time to November 18, H / , w i th in which Co accomplish the sate of sub-ordinated capi ta l notes. 1/

F i rs t In terstate Bank of Ca l i fo rn ia , Los Angeles, Ca l i fo rn ia , extension of t tine to March 31, 1983, wi th in which to establ ish a branch o f f i c e in the v i c i n i t y of the intersect ion of Clovis and Shaw Avenues, Clovis, Ca l i fo rn ia . \J

Jackson State Bank, Jackson, Wyoming, to make an investment in bank premises. U

Bank of k e r m l le , Xerrvi 1 le , Texas, extension of time to September IS, 1982, to issue subordinated capi ta l notes. \_/

Peoples State Bank, Rocksprings, Texas, to make an investment in bank premises. ] /

Sun Bank of Oca la , Oca!a, F lor ida, to make an investment in bank premises, i j

Bank of L i s l e , L i s l e , I l l i n o i s , appl icat ion for pr ior approval to merge with Arboretum Vi l lage Bank, L i s l e , I l l i n o i s , under the charter of Arboretum Vi l lage Bank, and t i t l e of Bank of L i s l e ; report transmitted to the Federal Deposit Insurance Corporation on competitive factors, j /

Bank of Riverdale, Hiverdale, Maryland, a proposed new bank, proposed merger with Cit izens Bank and Trust Company of Maryland, Riverdale, Maryland; report transmitted to the Federal Deposit Insurance Corporation on competitive factors. V

Bank of Woodstock, Woodstock, Georgia, proposed merger with Woodstock Interim Bank, Woodstock, Georgia; report transmitted to the Federal Deposit Insurance Corporation on competitive factors. V

Cit izens Bank, Mooresvi l le, Indiana, appl icat ion for pr ior approval to merge with F i rs t Bank of Morgan County, Mooresvi11 Indiana, under the charter of F i rs t Bank of Morgan County, and t i t l e of Cit izens Bank; report transmitted to the Federal Deposit Insurance Corporation on competitive factors. V

City Bank and T^ust Company, McMinnvi1le, Tennessee, proposed nenier * 11 ** L • .% I Interim Bank , McMinnvi l i e , Tennessee; report trans i i ITc : to th*» Federal Deposit Insurance Corporation on competitive factors. 1/

e,

T/ Appl i ca t i on p ^ w-half of the Board of Governors under delegated dut +r)r 11 v.


H.2, 1982 No. 11 - 4 -


Chicago Edens Plaza State Bank, Wilmette, I l l i n o i s , app l ica t ion fo r p r i o r approval to merge wi th EPS Bank, Wilmette, I l l i n o i s , under the charter of EPS Bank, and t i t l e of Edens Plaza State Bank; report t ransmit ted to the Federal Deposit Insurance Corporation on competit ive fac tors . JJ

At lanta Farmers Bank of T i f t o n , T i f t o n , Georgia, proposed merger w i th F i r s t Community In te r im, I n c . , T i f t o n , Georgia; report t ransmit ted to the Federal Deposit Insurance Corporation on compet i t ive fac to rs . \J

Phi ladelphia Farmers Bank and Trust Company of Hanover, Hanover, Pennsylvania, proposal to merge wi th Center Square Bank, Hanover, Pennsylvania, under the charter and t i t l e of Farmers Bank and Trust Company; report t ransmit ted to the Federal Deposit Insurance Corporation on competi t ive fac to rs . If

Chicago F i r s t American State Bank, Fort Dodge, Iowa, app l ica t ion for p r i o r approval to merge wi th The State Bank, Fort Dodge, under the char ter and t i t l e of F i r s t American State Bank; report t ransmit ted to the Federal Deposit Insurance Corporation on competi t ive fac to rs . 1/

At lanta F i r s t Bank of Haversham, Cornel ia, Georgia, proposed merger wi th JMM, I n c . , Cornel ia , Georgia; report t ransmit ted to the Federal Deposit Insurance Corporation on competi t ive fac to rs . J7

At lanta F i r s t National Bank of Houma, Houma, Louisiana, proposed merger wi th New F i r s t National Bank of Houma, Houma, Louisiana; report t ransmit ted to the Comptroller of the Currency on competit ive f ac to rs . IJ

Phi ladelphia Fulton Bank, Harr isburg, Pennsylvania, proposed merger wi th One Penn Square Bank, Harr isburg, Pennsylvania, under the charter and t i t l e of Fulton Bank; report t ransmit ted to the Federal Deposit Insurance Corporation on competit ive fac to rs . 1/

At lanta Merchants National Bank, Vicksburg, M iss iss ipp i , proposed merger wi th MNB National Bank of Vicksburg, Vicksburg, Miss iss ipp i ; report t ransmit ted to the Comptroller of the Currency on competi t ive fac to rs . JJ

Chicago Morgan County Bank and Trust Company, Eminence, Indiana, app l i ca t ion for p r i o r approval to merge wi th Mooresvi l ie Bank & Trust Company, Eminence, Indiana, under the charter of Mooresvi l ie Bank & Trust Company, and t i t l e of The Morgan County Bank and Trust Company; report t ransmit ted to the Federal Deposit Insurance Corporation on competit ive fac tors . _!/

V App l ica t ion processed on behalf of the Board of Governors under delegated au tho r i t y .


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At lanta National Bank of Georgia, A t lan ta , Georgia, proposed merger wi th NBG Inter im National Bank, A t lan ta , Georgia; report t ransmit ted to the Comptroller of the Currency on competit ive fac to rs . 1/

Chicago Second State Bank of Calumet C i t y , Calumet C i t y , I l l i n o i s , app l ica t ion fo r p r i o r approval to merge wi th F i r s t State Bank of Calumet C i t y , Calumet C i t y , I l l i n o i s , under the charter of Second State Bank of Calumet C i t y , and t i t l e of F i r s t State Bank of Calumet C i t y ; report t ransmit ted to the Federal Deposit Insurance Corporation on competi t ive fac to rs . \J

Richmond Securi ty Bank, National Associat ion, Washington, D.C., a pro-posed new bank, proposed merger wi th Securi ty National Bank, Washington, D.C.; report t ransmit ted to the Comptroller of the Currency on competi t ive fac to rs . 1/

Richmond UNB National Bank, Washington, D.C., a proposed new bank, proposed merger wi th United National Bank of Washington, Washington, D.C., report t ransmit ted to the Comptroller of the Currency on competi t ive fac to rs , j y

1J Appl icat ion processed on behalf of the Board of Governors under delegated au tho r i t y .


H.2, 1982 No. 11 - 6 -


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

Approved New York United Jersey Bank, Hackensack, New Jersey. To estab l ish

an o f f s i t e e lec t ron ic f a c i l i t y at 6 A i rpor t Plaza, Route #36, Hazlet , New Jersey. 1/

New York Barclays Bank of New York, Jer icho, New York. To establ ish d branch o f f i c e at 604 Broadhollow Road, M e l v i l l e , New York. 1/

New Jersey United Jersey Bank/Southwest, Camden, New Jersey. To estab l ish an o f f s i t e e lec t ron ic f a c i l i t y at 6 A i rpor t Plaza, Route 36, Hazlet , New Jersey. V

At 1anta Exchange Bank and Trust Company of F lo r ida , Tampa, F lor ida. To estab l ish an automated t e l l e r machine at 2465 U.S. Highway 19, Clearwater, F lo r ida . j_/

At lanta Bank of Forest, Forest, M iss iss ipp i . To maintain a branch at i t s former head o f f i c e . JL/

Dallas The F i r s t State Bank, Abi lene, Texas. To establ ish and use an o f f s i t e e lec t ron ic f a c i l i t y at 4814 South 14th Street , Abi lene, Texas. U

Dallas The F i r s t State Bank, Abi lene, Texas. To estab l ish and use an o f f s i t e e lec t ron ic f a c i l i t y at 166 Pioneer Drive, Abi lene, Texas. 1/

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Chicago

San Franci sco

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

Approved Northwest Bank of Winnebago County, Rockford, I l l i n o i s . l_/

Bank of Lake Oswego, Lake Oswego, Ca l i f o rn ia . _!/

1/ Appl icat ion processed on behalf of the Board of Governors under delegated authori t y .


H.2, 1982 No. 11 - 7 -

ACTIONS UF THE BOARD-Continued

Appl icat 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) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended

Approved New York European American Bank and Trust Company, New York, New York:

grants consent fo r European American Bank and Trust Company, New York , New York, to re ta in i t s investment in European American Bank (Bahamas) Limited a f t e r Limited engages in f i duc ia ry a c t i v i t i e s .

Sixty Day N o t i f i c a t i o n Period Allowed to Expire New York Manufacturers Hanover Trust Company, New York, New York: no

object ion to es tab l ish an i n i t i a l branch in Taipei , Taiwan, Repuhlic of China.

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

Boston

Phi ladelphia

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Approved f i r s t Massachusetts Management Corporat ion, Brockton,

Massachusetts, for approval to re ta in 80 percent of the vot ing shares of F i r s t Massachusetts Financial Corporation, Brockton, Massachusetts, by v i r t ue of i t s contro l of Massachusetts Bank and Trust Company, Brockton, Massachusetts. i /

Jef ferson Bancorporation, I nc . , Haverford, Pennsylvania, fo r approval to acquire 100 percent of the vot ing shares of Jef ferson Bank, Haverford, Pennsyl vania. _1/

Ba l le r ton Corporat ion, Oveido, Spain, fo r approval to acquire 50 percent of the vot ing shares of Totalbank Corporation of F lo r ida , Miami, F lo r ida , and i n d i r e c t l y acquire Total bank, Miami, F lo r ida .

Country Bank Company, Forsyth, Georgia, f o r approval to acquire 100 percent of the vot ing shares of Monroe County Bank, Forsyth, Georgia, j /

Guaranty Connerce Corporation, Alexandria, Louisiana, fo r approval to acquire at least 80 percent of the voting shares of Guaranty Bank & Trust Company, Alexandria, Louisiana. V

IT of chc Boara of Governors under delegated


W.2, 1982 Mo. 11 - 8

ACTIONS OF THL BOARD-Continued

At lanta M i l f o r d , N.V. , Oranjestad, Netherlands A n t i l l e s , for ap-proval to acquire 40 percent of the vot ing shares of Totalbank Corporation of F lo r ida , Miami, F lor ida and i n d i r e c t l y acquire Totalbank, Miami, F lo r ida .

At lanta UNB Corporat ion, F a y e t t e v i l l e , Tennessee, fo r approval to acquire 100 percent of the vot ing shares of Union National Bank o f F a y e t t e v i l l e , F a y e t t e v i l l e , Tennessee. ]_/

At lanta United Southern Bancorp, St. Petersburg, F lo r ida , fo r approval to acquire at least 90 percent of the vot ing shares of United Southern Bank, St . Petersburg, F lo r ida . U

Chicago Central of I l l i n o i s , I n c . , S te r l i ng , I l l i n o i s , fo r approval to acquire 100 percent of the vot ing shares ( less d i rec to rs ' q u a l i f y i n g shares) of the successor by merger to The Central National Bank of S t e r l i n g , S t e r l i n g , I l l i n o i s . U

Chicago FIRST HARVEY BANC CORPORATION, River Forest, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of F i r s t National Bank in Harvey, Harvey, I l l i n o i s . V

Chicago Great Lakes Financial Resources, I nc . , Blue Is land, I l l i n o i s , f o r approval to acquire 100 percent of the vot ing shares ( less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to F i r s t National Bank of Blue Is land, Blue Is land, I l l inois. 1/

Chicago ILB Financial Corp. , North Manchester, Indiana, fo r approval to acquire 100 percent of the vot ing shares (less d i rec to rs ' qua I i f y i n g shares) of the successor by merger to Indiana Lawrence Bank & Trust Company, North Manchester, Indiana. 1/

Chicago I reton Bancorp, I re ton , Iowa, fo r approval to acquire at least 80 percent of the vot ing shares of Security Savings Bank, I re ton , Iowa. If

Chicago Morgan County Bancorp, Mooresvi I le, Indiana, fo r approval to acquire 100 percent of the vot ing shares (less d i rec tors 1

q u a l i f y i n g shares) of the successor by merger to The Morgan County Bank and Trust Company, Eminence, Indiana. \J

Chicago Thurman State Corporat ion, Thurman, Iowa, fo r approval to acquire at least 80 percent of the vot ing shares of Thurman State Bank, Thurman, Iowa. 1/

y App l ica t ion processed on behalf of the Board of Governors under delegated authority.


H.2, 1982 NO. 11 - 9

St. Louis

Kansas Ci ty

Kansas C i ty

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FNB Bancorps I n c . , Glasgow, Kentucky, fo r approval to acquire 100 percent of the vot ing shares of The New Farmers National Bank of Glasgow, Glasgow, Kentucky. 1/

Indian Springs Bancshares, I nc . , Kansas C i t y , Kansas, fo r approval to acquire at least 80 percent of the vot ing shares of Indian Springs State Bank, Kansas C i t y , Kansas. 1/

Kansas Bancorp I I , I n c . , Concordia, Kansas, fo r approval to acquire at least 80 percent of the vot ing shares of Kansas Bancorp, I n c . , Concordia, Kansas and ind i rec l y F i r s t Bank & Trust , Concordia, Kansas. JL_/

Brady National Holding Company, I n c . , Brady, Texas, f o r approval to acquire at least 80 percent of the vot ing shares of The Brady National Bank, Brady, Texas. \J

Broadway Bancshares, I nc . , San Antonio, Texas, for approval to acquire 100 percent of the vot ing shares of Broadway National Bank, San Antonio, Texas. J7

The Roxton Corporat ion, Roxton, Texas, fo r approval to acquire 100 percent of the vot ing shares of Roxton Bancshares, Inc . , Roxton, Texas, and i n d i r e c t l y at least 95 percent of The F i r s t Bank, Roxton, Texas. \J

San Saba National Corporat ion, San Saba, Texas, for approval to acquire at least 80 percent of the vot ing shares of The San Saba National Bank, San Saba, Texas. \ j

BNW Bancorp, Eugene, Oregon, fo r approval to acquire 100 percent of the vot ing shares of Bank of the Northwest, Eugene, Oregon. _!/

Denied GREENSTONE F inanc ia l , I n c . , Three Oaks, Michigan, f o r approval

to acquire at least 80 percent of the vot ing shares of The Bank of Three Oaks, Three Oaks, Michigan. 1/

y App l ica t ion processed on behalf of the Board of Governors under delegated au tho r i t y .

I


H.2, 1982 No. 11 - 1 0 -


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

Approved Chicago Continental I l l i n o i s Corporation, Chicago, I l l i n o i s , fo r

approval to acquire 100 percent of the voting shares ( less d i rec to rs ' qua l i f y i ng shares) of the successor by merger to Buf fa lo Grove National Bank, Buf fa lo Grove, I l l i n o i s . 1/

Dallas F i r s t Abilene Bankshares, I nc . , Abi lene, Texas, for approval to acquire at least 80 percent of the voting shares of Eastland National Bank, Eastland, Texas. 1/

Dallas Mercanti le Texas Corporation, Dal las, Texas, fo r approval to acquire 100 percent of the vot ing shares (less d i rec to rs ' qua l i f y i ng shares) of Southwest Bank, Mesquite, Texas. If

San U.S. Bancorp, Port land, Oregon, for approval to acquire 100 Francisco percent of the vot ing shares of Bank of Lake Oswego, Lake

Oswego, Oregon, a proposed new bank. 1/

* * * * *

New York

Richmond

Chicago

San Francisco

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

Approved Deutsche Bank Ag, Frankfurt (Main), Federal Republic of Germany,

for approval to acquire 50 percent of the vot ing shares of Fiat Credit Services I nc . , Bannockburn, I l l i n o i s . J7

James Madison, L imited, Washington, D.C., fo r approval to acquire A.E. Landvoigt, I nc . , Fa i r fax , V i r g i n i a , a company which is engaged in mortgage company a c t i v i t i e s . _!/

Thurman State Corporation, Thurman, Iowa, fo r approval to engage in general insurance a c t i v i t i e s in a community wi th a population of less than 5,000. l_/

F i r s t Bancorporation, Salt Lake C i t y , Utah, fo r approval to acquire 100 percent of the outstanding shares of Beehive Financial Corporation and i t s wholly-owned subsid iary , Beehive T h r i f t and Loan Company, Salt Lake C i t y , Utah and engage in i ndus t r i a l loan a c t i v i t i e s .

J_/ Appl icat ion processed on behalf of the Board of Governors under delegated au tho r i t y .

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

H.2, 1982 No. 11 - 11 -


Delayed Correct ion:

New York The not ice for C i t i co rp which appeared as Delayed on H.2 No. 9, 1982 was incor rec t . The correct not ice which should have been Delayed should be 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 an ex is t ing o f f i c e engaging in (the sale of c red i t re lated property and casualty insurance protect ing real and personal property subject to a secur i ty agreement wi th C i t i co rp Person-to-Person Financial Center, Inc. to the extent permissible under appl icable State insurance laws and regulat ions) at 3033 South Parker Road, Aurora, Colorado, the proposed service area for t h i s a c t i v i t y is the en t i re State of Colorado, through i t s subs id iary , C i t i corp Person-to-Person Financial Center, Inc. (2/25/82) 3/

Kansas Ci ty The F i r s t National Bancorporation, I n c . , Denver, Colorado, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s ( in provid ing data processing conf irmation services and repor ts , inc luding technical assistance on in te rp re t i ng and using the conf irmation reports to correspondent banks and savings and loans associations of i t s subsidiary bank, The F i r s t National Bank of Denver, Denver, Colorado) at 633 17th S t . , Denver, Colorado, the geographic area to be served includes the State of Colorado and Albany County in Wyoming (2/5/82) 3/

Reactivated Boston F i r s t National Boston Corporation, Boston, Massachusetts,

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 ( ( i ) providing bookeeping and data processing services for the in ternal operation of a s ingle named bank and ( i i ) s to r ing and processing banking f inanc ia l or related data ( inc lud ing demand deposi t , savings, d i rec t and in -d i rec t insta l lment loans, commercial loans, mortgages, general ledger and central information accounting) fo r such bank and i n d i r e c t l y for i n s t i t u t i o n s who may enter in to a data processing agreement wi th such bank) at 101 East Flagler S t reet , Miami, F lo r ida , serving the State of F lo r ida , through i t s subs id iary , FBC, I nc . , (3/11/82) 3/

New York Chemical New York Corporation, New York, New York, requests permission to establ ish de novo o f f i ces engaging in the fo l lowing a c t i v i t i e s ( in generating and serv ic ing loans and other extensions of c r e d i t ; making or acquir ing loans to customers; acquir ing insta l lment contracts from

3/ 4(c)(%) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under dHmjatod au thor i t y .


H.2, 1982 No. 11 - 1 2 -


r e t a i l se l l e rs covering the time sales of goods and related services; making or acquir ing loans and other extensions of c red i t to businesses ( inc lud ing extensions of c red i t secured by personal property lease contracts; making ava i lab le to i t s debtors c red i t l i f e , c red i t accident and hea l th , mortgage l i f e and mortgage d i s a b i l i t y insur-ance, a l l d i r e c t l y re la ted to extensions of c r e d i t ; the service area of these o f f i ces w i l l be the States of Oklahoma and Arizona, respec t i ve ly ; c red i t l i f e and c red i t accident and heal th insurance provided by these o f f i ces in connection w i th the proposed a c t i v i t i e s w i l l be reinsured through Sun States L i f e and/or Great Lakes Insurance Companies, i nd i rec t subsid iar ies of Appl icant) at 4431 NW 63rd St reet , Oklahoma C i t y , Oklahoma, through i t s subsid iary , Sunamerica Corporation (3/9/82) 3/

Permitted New York Chemical New York Corporation, New York, New York, requests

permission to es tab l ish de novo o f f i ces engaging in the fo l lowing a c t i v i t i e s ( in generating and serv ic ing loans and other extensions of c r e d i t ; making or acquir ing loans to customers; acquir ing insta l lment contracts from r e t a i l se l l e rs covering the time sales of goods and related serv ices; making or acquir ing loans and other extensions of c red i t to businesses ( inc lud ing extensions of c red i t secured by personal property lease contracts ; making ava i lab le to i t s debtors c red i t l i f e , c red i t accident and hea l th , mortgage l i f e and mortgage d i s a b i l i t y insur-ance, a l l d i r e c t l y re lated to extensions of c r e d i t ; the service area of these o f f i ces w i l l be the States of Oklahoma and Arizona, respec t ive ly ; c red i t l i f e and c red i t accident and health insurance provided by these o f f i ces in connection w i th the proposed a c t i v i t i e s w i l l be reinsured through Sun States L i f e and/or Great Lakes Insurance Companies, i nd i rec t subsid iar ies of Appl icant) at 4431 NW 63rd St reet , Oklahoma C i t y , Oklahoma, through i t s subs id iary , Sunamerica Corporation (3/9/82) 3/

Cleveland F i r s t Ohio Bancshares, I nc . , Toledo, Ohio, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s ( i n the under-w r i t i n g on a reinsurance basis of c red i t l i f e and c red i t accident and health insurance d i r e c t l y re lated to ex-tensions of c red i t by F i r s t Ohio Bancshares1 lending sub-s i d i a r i e s ) at 1421 E. Thomas Road, Phoenix, Arizona, the immediate geographic area which w i l l be served and from which business w i l l be derived and/or s o l i c i t e d includes Lucas, Wood, Fulton and Henry Counties in the State of Ohio, through i t s subs id iary , F i r s t Ohio L i f e Insurance Co* (an Arizona corporat ion) (3/12/82) 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 au tho r i t y .


H.2, 1982 No. 13 - 1 3 -

ACTIONS OF THE BuARD-Continued

Kansas C i ty Devonshire Investment r . r - r : r y , |:,?rhany, Oklahoma, n o t i f i c a t i o n of in tent to engage in de f ' : i v i t i e s ( in s e l l i n g reducing tenn, j o i n t and s ing le , c r ^ j i t I : fe insurance in connection wi th demand and s ing le payment c r e d i t , and c red i t - r e l a ted accident and health insurance d i r e c t l y re lated to extensions of c red i t by Devonshire Investment Company, Bethany, Oklahoma and i t s subsidiary hank, F i r s t National Bank of Bethany, Bethany, Oklahoma) at N.W. 39th Street Expressv/ay, and 3808 N. Peniel (Bethany Bank Tower), the geographic area to be served by these o f f i ces includes Western Oklahoma and Eastern Canadian counties in Oklahoma, inc luding the c i t i e s of Bethany, Warr Acres, Yukin. V i l l age , Nichols H i l l s , and part of Oklahoma C i t y , a l l in Oklahoma* through a subsid iary , Uevinco Credit Insurance Agency, Inc. (3/12/X2) 3/

San Heritage Bancorp, Anaheim, C a l i f o r n i a , n o t i f i c a t i o n of in tent Francisco to engage in de no_vo a c t i v i t i e s (making real estate mortgage

loans and s e r v i c i n g real estate construct ion and mortgage loans) as 2171 Campus Dr ive, I r v i ng , C a l i f o r n i a , serving the southern Ca l i f o rn ia area, through i t s d i rec t subsid iary, Heritage Mortgage Corporation (3/12/82) 3/

San Seaf i rs t Corporat ion, b a t t l e , Washington, n o t i f i c a t i o n of Francisco in tent to engage in ,ie novo a c t i v i t i e s ( in i ndus t r ia l banking

a c t i v i t i e s as authorized by Colorado law; such a c t i v i t i e s w i l l include accepting deposits as authorized fo r i ndus t r ia l banks by Colorado law (excluding NOW accounts), making loans and other extensions of c r e d i t , inc luding personal c red i t l i n e s , both secured and unsecured, second mortgages, and small business loans; and act ing as an agent or broker fo r the sale of c red i t l i f e , accident and health insurance d i r e c t l y re la ted to i t s extensions of c red i t ) at South Colorado boulevard & East Exposit ion Avenue, Denver, Colorado, through i t s subsid iary, Seaf i rs t Belcaro Indust r ia l Bank and w i th in one-half mi le of 16th Street ^ Larimer S t ree t , Denver, Colorado, through i t s subsid iary, Seaf i rs t Larimer Square Indust r ia l Bank (3/12/82) 3/

_3/ ^ ( c ) ( 8 ) n o t i f i c a t i o n I f rocesbM by Reserve Bank on behalf of the Board of Governors under delegated au tho r i t y .


/ %U. 12 - 14 -

APPLICATIONS RECEIVED

To Establ ish a Domestic Branch Pursuant to Section 9 of J:he Federal Reserve Act

%ow fork Manufacturers and Traders Trust Company, Bu f fa lo , New York. Requests permission to es tab l ish an o f f s i t e e lec t ron ic t j i . H i t y at Harriman Hall on the main s t reet campus of the State Univers i ty of New York at Buf fa lo , Ci ty of Bu f fa lo , Er ie County, New York. 2/

Chiiagc Northwest Bank of Winnebago County, Rockford, I l l i n o i s . To estab l ish a branch f a c i l i t y at 125 Phelps Avenue, Rockford, I l l i n o i s . 2/

Chicago Peoples Bank of Bloomington, Bloomington, I l l i n o i s . To estab l ish an o f f s i t e automatic t e l l e r machine at the corner of Washington and Madison St reet , Bloomington, I l l i n o i s . 2/

* * * * *

Appl icat ions and No t i f i ca t ions for In ternat ional Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c) (9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended

New York European American Bank & Trust Company, New York, New York: consent to make an addi t ional investment in i t s wholly owned subs id iary , European American Bank (Bahamas) L t d . , Nassau, Bahamas, to enable the subsidiary to acquire 20 percent of the shares of Banque Europeene Pour L'Amerique Lat ine, S.A. Brussels, Belgium and pa r t i c i pa te pro-rata in Banque1s ant ic ipated capi ta l increase in 1982.

New York North America Internat ional Corporation, New York, New York, an Edge Act Corporation wholly owned by National Bank of North America, New York, New York: requests consent to re locate i t s home o f f i c e to Miami, Flor ida and to change i t s name to North America In ternat ional Bank, requi r ing amendments to A r t i c l es F i r s t , Third and Fourth of Edge's A r t i c l es of Associat ion.

New York U.S. Trust Corporation, New York, New York: requests consent to estab l ish an Edge Act corporat ion in Palm Beach, Flor ida through i t s wholly owned subsid iary , U.S. Trust Company of Delaware, Dover, Delaware to be known as United States Trust Company In ternat ional Corporation.

Appl icat ion "subject to Community Reinvestment Act. The Community A f fa i r s Of f i ce r of the appl icable Reserve Bank may be contacted as to the lennth of tne comment per iod.


H.2, 1982No. - 1 5 -

APPLICATIONS RECEIVED-Continued

Dallas RepublicBank Dal las, N.A., Dal las, Texas: requests consent to estab l ish a 2nd Edge Act subsidiary to be known as RepublicBank Dallas In ternat ional in Dal las, Texas and to estab l ish a branch of the Edge in New York C i t y , New York.

San Security Paci f ic Corporat ion, Los Angeles, Ca l i f o rn ia : p r io r Francisco n o t i f i c a t i o n of i t s in tent to acquire i n d i r e c t l y a l l of the

shares of S h i p f i t t e r s (Lancashire) Rentals L t d . , a United Kingdom leasing company.

* * * * *

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

New York Republic National Bank of New York, New York: p r io r n o t i f i c a t i o n of i t s in tent to open an i n i t i a l branch in Milan, I t a l y .

Phi ladelphia Morgan Bank (Delaware), Wilmington, Delaware: requests consent to estab l ish a branch in Geroge Town, Grand Cayman, Cayman Islands.

* * * * *

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

New York Manufacturers Hanover Trust Company, New York, New York, on behalf of Manufacturers Hanover In ternat iona l Banking Corporation, Mi ami, F lor ida: requests consent for Edge to establ ish a branch in San Francisco, Ca l i f o rn ia .

* * * * *

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

Phi ladelphia National Penn Bancshares, I n c . , Boyertown, Pennsylvania, for approval to acquire 100 percent of the vot ing shares of National Bank of Boyertown, Boyertown, Pennsylvania. 2/

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


H.2, 1982 No. 11 - 1 6 -


At lanta Cameron Bancshares, I nc . , Cameron, Louisiana, for approval to acquire at least 80 percent of the vot ing shares of Cameron State Bank, Cameron, Louisiana.

At lanta F i r s t National Bancorp, Gainesv i l le , Georgia, fo r approval to acquire 100 percent of the vot ing shares of F i r s t Cornelia Corporation, Cornel ia, Georgia, and i n d i r e c t l y acquire F i r s t Bank of Hambersham, Cornel ia, Georgia. 2/

Chicago T-C Holdings, I nc . , Chicago, I l l i n o i s , fo r approval to acquire at least 93 percent of the vot ing shares of Bank of Yorktown, Lombard, I l l i n o i s . 2]

St. Louis Ambanc Corp., Vincennes, Indiana, fo r approval to acquire 100 percent of the vot ing shares of the successor by merger to The American National Bank of Vincennes, Vincennes, Indiana. 2/

St. Louis American Bancshares of Arkansas, I n c . , Charleston, Arkansas fo r approval to acquire at least 80 percent of the voting shares of American State Bank, Charleston, Arkansas. 2]

St. Louis The Bancshares, I nc . , Scottsburg, Indiana, fo r approval to acquire 100 percent of the voting shares (less d i rec to rs ' qua l i f y i ng shares) of The Scott County State Bank, the successor by merger to Scottsburg Bank, Scottsburg, Indiana. 2/

St. Louis F i r s t Selmer Bancshares, I nc . , Selmer, Tennessee, fo r approval to acquire 100 percent of the voting shares of F i r s t National Bank of Selmer, Selmer, Tennessee. 2/

St. Louis Mt. Vernon Bancorp., I n c . , Mt. Vernon, I l l i n o i s , fo r approval to acquire at least 80 percent of the vot ing shares of F i r s t Bank and Trust Company, Mt. Vernon, I l l i n o i s . 2/

St . Louis Pioneer Bancshares, I nc . , Canmer, Kentucky, for approval to acquire at least 95.9 percent of the vot ing shares of Canmer Deposit Bank, Canmer, Kentucky. 2/

Minneapolis American Bancorporation Holding Company, Brainerd, Minnesota, fo r approval to acquire 100 percent of the vot ing shares of American National Bank of Brainerd, Brainerd, Minnesota. 2/

Minneapolis Consolidated Holding Company, Oldham, South Dakota, for ap-proval to acquire at least 80 percent of the vot ing shares of American State Bank, Oldham, South Dakota. 2/

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


H.2, 1982 No. 11 17 -


Minneapolis New London Agnecy, I n c . , New London, Minnesota, for approval to acquire at least 81.4 percent of the vot ing shares of the F i r s t State Bank of New London, New London, Minnesota, 2/

Kansas Ci ty DeKalb County Bancshares, I nc . , Clarksdale, Missour i , fo r approval to acquire at least 80 percent of the voting shares of The Clarksdale Bank of Clarksdale, Clarksdale, Missouri. 2/

Kansas Ci ty Murdock Bancshares, I n c . , Murdock, Kansas, fo r approval to acquire at least 91.3 percent of the vot ing shares of Murdock State Bank, Murdock, Kansas. 2 j

Kansas Ci ty Rocky Financial Corporation, Rocky, Oklahoma, for approval to acquire 100 percent of the vot ing shares of The State Bank of Rocky, Rocky, Oklahoma. 2/

Kansas Ci ty Sarcoxie Bancorp, I nc . , Sarcoxie, Missour i , fo r approval to acquire at least 84 percent of the vot ing shares of The F i r s t National Bank of Sarcoxie, Sarcoxice, Missouri . 2/

Kansas City Union Bank Corporat ion, Wichita, Kansas, for approval to acquire at least 50.01 percent of the vot ing shares of Union National Bank of Wichita, Wichi ta, Kansas. 2/

Dal las Columbia Bancshares, I n c . , West Columbia, Texas, fo r approval to acquire 100 percent of the vot ing shares of F i r s t Capitol Bank, West Columbia, Texas. 2/

* * * * *

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

New York C i t i c o r p , New York, New York, for approval to acquire 100 percent of the vot ing shares (less d i rec to rs ' qua l i f y i ng shares) of Cit ibank (Delaware), Wilmington, Delaware, a proposed new bank. 2/

Chicago F i r s t American Bank Corporation, Kalamazoo, Michigan, for approval to acquire 100 percent of the vot ing shares of the successor by merger to Huron County Bank, Harbor Beach, Michigan. 2/

St . Louis Boatmen's Bancshares, I nc . , St. Louis, Missour i , fo r approval to acquire at least 80 percent of the vot ing shares of Farmers and Merchants Bank of Cape Girardeau, Cape Girardeau, Missouri . 2/

2] App l ica t ion subject to Community Reinvestment Act. The Community A f f a i r s O f f i ce r of the appl icable Reserve Bank may he contacted as to the length of the comment per iod.

i


H.2, No. 11 - 18 -


St. Louis Centerre Bancorporation, St. Louis, Missour i , for approval to acquire 100 percent of the vot ing shares of Centerre Bank of South County, National Associat ion, St. Louis County, Missour i , a proposed new bank. 2 /

* * * * *

To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956

Dallas Mercanti le Texas Corporat ion, Dal las, Texas, fo r approval to acquire 100 percent of the vot ing shares of State National Financial Corporat ion, Corsicana, Texas, and i n d i r e c t l y acquire 100 percent of State National Bank of Corsicana, Corsicana, Texas. 2/

* * * * *

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

Boston Hospital Trust Corporat ion, Providence, Rhode Is land, 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 (the o r i g ina t i on and sale of res iden t ia l and commercial mortgages, and act ing as agent fo r the sale of c red i t l i f e and c red i t accident and health insurance d i r e c t l y re lated to an extension of c red i t ) at One Hospital Trust Plaza, Providence, Rhode Is land, and 10 Forbes Road, Bra in t ree, Massachusetts, serving Rhode Is land, Massachusetts, Connecticut, New Hampshire, Vermont, Maine, New York and New Jersey: the insurance a c t i v i t i e s would be conducted from the Providence o f f i c e , serving Rhode Island only (3/8/K2)

New York The Chase Manhattan Corporat ion, New York, New York, requests permission to es tab l ish a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (making or acqui r ing, f o r i t s own account or for the account of others, loans and other extensions of c red i t such as would be made by a commercial f inance, equipment f inance or fac to r ing company, inc luding fac tor ing

/ / App 11cati onsYuhjet iTTo 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 to the length of thu conment per iod.

I


H*/ , j y/-/ \ ( i . i 1 - 19 -

\S .\t.CEIVED-Conrinued

,;i . . ' - ! iv - ' ^ ' n q advances and over-advances on re i i ^ v ^ t o r y and business insta l lment lending

o* '"' -- /- 'unr ierr ia) loans; serv ic ing loans and r-th.-f - r. r i cr . -*pt : leasing personal property on a ' r , ,s and T,! accordancewith the Board's R v g u ! i r act ing as agent, broker or advisor in >asw ; - n r - f . - e r t v , including the leasing of motor vehicles) at i l . ' l : ^ v , Sinte 208, Oklahoma C i t y , Oklahoma, through ?' \ s./bs:-.:: Commercial Corporation (3/11/82)

New York Th«- 'S ' ! / * "* :r ^nrnnr^ t ion , New York, New York, requests pc-r-- — i " :•* v < • ( / de nov^ o f f i c e engaging in the

v [nc l 'ng or acqui r ing, fo r i t s own vr ' o r :'«r u.count of others, loans and other ex-

tensions of c red i t such as would be made by a commercial t indfK f-, - -, i i i v-n* finance or fac tor ing company, including

» r (nr ; re r^ i vab le , making advances and over-nv,»:v,: and inventory and business instal lment

iemnn.T ^ i \ unsecured commercial loans; serv ic ing loans . of c r e d i t ; leasing personal property

T)* is and in accordance wi th the Board's % *r as agent, broker or advisor in

\ <' \ including the leasing of motor vehicles) j ' 17 Minneapolis, Minnesota, through i t s <-wrsMiur\% ' ^ r c i a l Corporation. (3/11/82)

New Yjrk *% " r,,;,rpt-iQn, New York, New York, requests : .-r , ^ .r * - f - * isn a novo o f f i c e engaging in the * ' "*• . *? f a k i n g or acqui r ing, for i t s own

, - ' r I"- of others, loans and other , ^ , ' - - suih as would be made by a commercial

, .r ' .n jnee or fac to r ing company, inc luding r r i vahle, making advances and over-

v , ' and inventory and business instal lment .r^'-rured commercial loans; serv ic ing loans

,ir,: r r.\Tn^" x r . , c r e d i t ; leasing personal property on f d in accordance with the Board's

^ as agent, broker or advisor in : - j . ' - : ' ' ; x ' r r y , including tl*e leasing of motor vehicles) / i ' . 301 North Elm Street , Suite 222,

\ ) :\;rf l i na , through i t s subsid iary , Chase / )n '3/11/^2)

\ew York " r : , \ „ \ ) r k , fo r approval to engage, through i : s u = x " : \ i ' , ' r p F inanc ia l , I nc . , Towson, Maryland r , V,.'-" , ' - r;u,")er layaway plan known as the Purchase

- x. ? , " r .e : t iun wi th CFTs propr ie tary c red i t card, kf.uw aj %:noiCP%


H.2, 1982 No. 11 - 2 0 -


New York C i t i c o r p , New York, New York, requests permission to (1) relocate an ex i s t i ng o f f i c e of i t s subs id iary , C i t i co rp Homeowners, Inc. (Delaware) ( "CHI" ) , from 7535 L i t t l e River Turnpike, Suite 320 Annandale, V i rg in ia to 8133 Lessburg Pike, Vienna, V i rg in ia and (2) to expand the a c t i v i t i e s and service area of an ex is t ing o f f i c e of C i t i co rp Person-to-Person Financial Center, Inc. (Delaware) ("CPFC"), at 8133 Leesburg Pike, Vienna, V i rg in ia to include the fo l low ing a c t i v i t i e s (the making or acquir ing of loans and other extensions of c r e d i t , secured or unsecured, for consumer and other purposes; the making, acquir ing and serv ic ing , fo r i t s own account and fo r the account of others, of extensions of c red i t to ind iv idua ls secured by l iens on res ident ia l or non-res iden t ia l real es ta te ; the extension of loans to dealers for the f inancing or inventory ( f l oo r planning) and working cap i ta l purposes; the purchasing and serv ic ing fo r i t s own account of sales f inance cont rac ts ; the sale of c red i t re lated l i f e and accident and health or decreasing or level ( i n the case of s ingle payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale 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 lated to extensions of mortgage loans; the sale of consumer or iented f inanc ia l managment courses; and the se rv ic ing , for any person, of loans and other extensions of c r e d i t ; CPFM w i l l also continue to engage in the sale of c red i t re lated s ing le in te res t insurance, the proposed service area of CHI and CPFC at the locat ion above w i l l include the en t i r e States of Maryland, V i r g i n i a , and the D i s t r i c t of Columbia fo r a l l the aforementioned a c t i v i t i e s , except that the sale of c red i t re la ted s ing le in te res t insurance is not included in the n o t i f i c a t i o n ; c red i t re lated l i f e , accident, and health insurance may be wr i t t en by Family Guardian L i f e Insurance Company, an a f f i l i a t e of CPFC and CHI) (3/2/82)

New York C i t i c o r p , New York, New York, requests permission to expand the service area of an ex is t i ng o f f i c e ( re insur ing c red i t l i f e and c red i t accident and health insurance which is re lated to extensions of c red i t by C i t i co rp subsid iar ies located outside the United States) these a c t i v i t i e s would be conducted in connection wi th extensions of c red i t by C i t i co rp subsidiar ies operat ing in the fo l lowing countr ies: Belguim, France, Germany, I t a l y , and The United Kingdom, through i t s subsid iary , Family Guardian L i f e Insurance Company (3/9/82)

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 of an ex i s t i ng o f f i c e (the making of loans to ind iv idua ls and businesses to finance the purchase of mobile homes, modular un i ts or re lated manufactured housing, together w i th the real property to which such housing is or w i l l be permanently a f f i x e d , such property being used as secur i ty for the loans) at 6740 East Camel back Road, Suite 100, Scottsdale, Arizona, through i t s subsid iary, C i t i co rp Acceptance Company, Inc. (3/12/82)


H.2, 1982 No. 11 - 2 1 -


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 of an ex is t ing o f f i c e (the making of loans to in -d iv idua ls and businesses to finance the purchase of mobile homes, modular uni ts or re lated manufactured housing, to -gether wi th the real property to which such housing is or w i l l be permanently a f f i x e d , such property being used as secur i ty fo r the loans) at 4956 Brambleton Avenue, S.W., Roanoke, V i r g i n i a , through i t s subsid iary, C i t i co rp Acceptance Company, Inc. (3/12/82)

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 of an ex is t ing o f f i c e (the making of loans to ind iv idua ls and businesses to f inance the purchase of mobile homes, modular un i ts or re lated manufactured housing, t o -gether wi th the real property to which such housing is or w i l l be permanently a f f i x e d , such property being used as secur i ty fo r the loans) at 10801 Lomas Boulevard, N.E., Suite 107, Albuquerque, New Mexico, through i t s subsid iary, C i t i co rp Acceptance Company, Inc. (3/12/82)

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 of an ex is t ing o f f i c e (the making of loans to ind iv idua ls and businesses to finance the purchase of mobile homes, modular un i ts or re lated manufactured housing, together wi th the real property to which such housing is or w i l l be permanently a f f i x e d , such property being used as secur i ty for the loans) at 666 Mason Ridge Center Dr ive, St. Louis, Missouri , through i t s subs id iary , C i t i co rp Acceptance Company, Inc. (3/12/82)

New York C i t i c o r p , New York, New York, requsts permission to expand the a c t i v i t i e s of an ex is t ing o f f i c e (the making of loans to ind iv idua ls and businesess to finance the purchase of mobile homes, modular un i ts or re lated manufactured housing, together w i th the real property to which such housing is or w i l l be permanently a f f i x e d , such property being used as secur i ty for the loans) at 5801 41st S t reet , Tulsa, Oklahoma, through i t s subs id iary , C i t i co rp Acceptance Company, Inc. (3/12/82)

New York C i t i c o r p , New York, New York, requests permission to establ ish a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (the 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 extension of loans to dealers fo r the f inancing of inventory ( f l oo r planning) and working cap i ta l purposes; the purchasing and serv ic ing fo r i t s own account of sales finance contracts ; the sale of c red i t re lated l i f e and accident and health or decreasing or level ( i n the case of s ingle payment loans) term l i f e insurance by l icensed agents or brokers, as required; the making of loans to ind iv idua ls and businesses to finance the purchase of mobile homes, modular u n i t s , or re lated manufactured housing, together wi th the real


H.2, 1982 No. 11 - 2 2 -


property to which such housing is or w i l l be permanently a f f i x e d , such property being used as secur i ty fo r the loans; and the serv ic ing , fo r any person, of loans and other extensions of c r e d i t ; c red i t re la ted l i f e , accident and health insurance may be wr i t t en by Family Guardian L i fe Insurance Company, an a f f i l i a t e of C i t i co rp Acceptance Company, Inc . ) at Prospect Road Professional Bu i ld ing , 875 Clare Lane, York, Pennsylvania, through i t s subsid iary, C i t i co rp Acceptance Company, Inc. (3/12/82)

Richmond The Wachovia Corporation, Winston-Salem, North Carol ina, n o t i f i c a t i o n of in tent to relocate de novo a c t i v i t i e s (providing mortgage banking serv ices, inc lud ing the o r ig ina t i on and processing of r e s i d e n t i a l , const ruct ion, development, and income property mortgage loans, the purchase and sale or placement of mortgage loans, the administ rat ion and serv ic ing of mortgage loans, the management and sale of propert ies acquired through forc losure or t ransfers in l i eu of fo rc losure , and act ing as agent fo r c red i t l i f e and c red i t accident and health insurance and fo r property and casualty insurance related to extensions of c r e d i t ) from 615 Wesley Drive, Charleston, South Carol ina to the Corporate Square Of f ice Complex at the i n t e r -sect ion of Mall Drive and LaCross Road, North Charleston, South Carol ina, through i t s subsid iary , Wachovia Mortgage Company (3/8/82)

At lanta Barnett Banks of F lo r i da , I n c . , Jacksonv i l le , F lo r ida , fo r approval to acquire the vot ing shares of F i r s t State Mortgage Company, Altamonte Springs, F lo r ida , through Appl icant 's subsid iary, Barnett Mortgage Company, Jacksonv i l le , F lor ida .

At lanta Southeast Banking Corporation, Miami, F lo r ida , fo r approval to merge Church i l l Mortgage Company, Miami, F lor ida in to Southeast Mortgage Company, Miami, F lo r ida .

Minneapolis New London Agency, I n c . , New London, Minnesota, fo r approval to continue to se l l general insurance in a community wi th a populat ion of less than 5,000.

Kansas Ci ty

Dal las

Farmers and Merchants Bancshares, I nc . , Crescent, Oklahoma, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (the leasing of personal property and serv ic ing such leases) at 116 Grand, Crescent, Oklahoma, serving Logan, Kingf isher and Canadian counties and surrounding rural areas (3/8/82)

Bank Secur i t i es , I nc . , Albuquerque, New Mexico, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (processing of demand deposit accounts, savings, c e r t i f i c a t e s of deposi t , commercial, insta l lment loans, and mortgage loans, and general ledger) at 2305 Renard, SE, Albuquerque, New Mexico, serving the State of New Mexico (3/9/82)


H.2, 1982 No. 11 - 2 3 -


San *rancisco

San Francisco

San Francisco

San Francisco

American Republic Bancorp, Torrance, C a l i f o r n i a , n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (act ing as agent, broker or adviser in leasing motor vehic les, in accordance wi th the Board's Regulation V) in Gardena, C a l i f o r n i a , serving the State of C a l i f o r n i a , through i t s subs id iary , Republic Leasing Company (3/9/82)

BankAnerica Corporat ion, San Francisco, C a l i f o r n i a , fo r approval to acquire 100 percent of the vot ing shares of Charles Schwab Corporat ion, San Francisco, Ca l i f o rn i a .

Seaf i rs t Corporat ion, Seat t le , Washington, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (making or acquir ing loans and other extensions of c red i t inc luding commercial loans secured by a borrower's inventory, accounts receivable, cap i ta l equipment or other assets; leasing personal property) at 18125 Andover Park West, Tukwila, Washington, serving the States of Washington, Oregon, Idaho, Montana, Alaska and C a l i f o r n i a , through i t s whol ly-owned subs id iary , Seaf i rs t Dealer Banking Corporation (3/11/82)

U.S. Bancorp, Port land, Oregon, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (real estate appraisal a c t i v i t i e s , i n -c luding appraisals of commercial and res iden t ia l real estate fo r i t s customers and outside c l i e n t s in conformance wi th the provis ions of Section 225.4(a)(14) of Regulation Y) in Oregon and Washington, the geographic area to be served would be the States of Oregon and Washington, through i t s subs id iary , U.S. Credilcorp (3/12/82)

REPORTS RECEIVED

Current Report F i led Pursuant to Section 13 of the Secur i t ies Exchange Act

The Chardon Savings Bank Company, Chardon, Ohio

PETITIONS FOR RULEMAKING


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H.2 Actions of the Board, its Staff, and the Federal ... · 3/13/1982 · franc;seo Kansas City...

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