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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1980 No. 17) Actions of the Board; Applications and Reports Received During the Week Ending April 26, 1980 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Statement by Governor Nancy H. Teeters, before the Sub- committee on Consumer Affairs of the House Banking Committee to discuss H.R. 6928, the Cash Discount Act, and H.R. 7038, the Fair Credit Practices Act. Regulation D interpretation to implement the Monetary Control Act of 1980 as it applies to reserve require- ments of a bank that was a member of the Fedral Reserve System on July 1, 1979 and subsequently withdrew, and to banks involved in mergers or consolidations since that date. (Docket No. R-0287) Blackshear Bank, Blackshear, Georgia, an investment in bank premises. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Transcript

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1980 No. 17)

Actions of the Board; Applications and Reports

Received During the Week Ending April 26, 1980 APPLICABLE RESERVE BANK

ACTIONS OF THE BOARD

Statement by Governor Nancy H. Teeters, before the Sub-committee on Consumer Affairs of the House Banking Committee to discuss H.R. 6928, the Cash Discount Act, and H.R. 7038, the Fair Credit Practices Act.

Regulation D interpretation to implement the Monetary Control Act of 1980 as it applies to reserve require-ments of a bank that was a member of the Fedral Reserve System on July 1, 1979 and subsequently withdrew, and to banks involved in mergers or consolidations since that date. (Docket No. R-0287)

Blackshear Bank, Blackshear, Georgia, an investment in bank premises.

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

#

R.2, 1980 No. 17 - 2 -

ACTIONS OF THE BOARD-Continued

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

Approved Cleveland The Union Commerce Bank, Cleveland, Ohio. Branch to be

established at 23000 Lorain Road, North Olmstead, Cuyahona County, Ohio. If & 2/

Atlanta Gulf Coast Bank of Pinellas, Madeira Beach, Florida. To establish a branch at 49th Street North and 38th Avenue North, St. Petersburg, Florida. 1/ & 2/

* * * * *

Minneapolis

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

Withdrawn Guaranty State Holding Company, St. Paul, Minnesota, for ap-proval to acquire 97.3 per cent of the voting shares of Guaranty State Bank of St. Paul, St. Paul, Minnesota. 2/

Approved Chicago First Lake County Corporation, Libertyville, Illinois, for

approval to acquire 100 per cent (less directors' quali-fying shares) of the voting shares of the successor by merger to First National Bank of Libertyville, Libertyville, Illinois. 2/

Chicago FSB Holding Co., Kalona, Iowa, for approval to aquire 82.6 per cent of the voting shares of Farmers Savings Bank, Kalona, Iowa. 1/ & 2/

Chicago Whitley Financial Corp., Auburn, Indiana, for approval to acquire 95.03 per cent of the voting shares of Citizens National Bank of Whitley County, Columbia City, Indiana. 1/ & 2/

Minneapolis Toronto Bancorporation, Inc., Toronto, South Dakota, for approval to acquire 87 per cent of the voting shares of The Bank of Toronto, Toronto, South Dakota. 1/ & 2/

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

2J Application subject to Community Reinvestment Act. The Communuity Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period•

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

H.2, 1980 No. 17 - 3 -

ACTIONS OF THE BOARB-Continued

Kansas City Colorado Springs Banking Corporation, Colorado Springs, Colorado, for approval to acquire 95 per cent of the voting shares of First Bank, Colorado Springs, Colorado. 1 / & 2/

Kansas City Interraountain Bankshares of Colorado, Inc., Boulder, Colorado, for approval to acquire 99.79 per cent of the voting shares of First National Bank, Westminster, Westminster, Colorado. 1/ & 2/

Dallas Concho Bancshares, Inc., San Angelo, Texas, for approval to acquire 100 per cent of the voting shares of Southwest Bank of San Angelo, San Angelo, Texas. 1/ & If

Dallas Diboll State Bancshares, Inc., Diboll, Texas, for approval to acquire 100 per cent (less directors' qualifying shares) of of the voting shares of Diboll State Bank, Diboll, Texas. If & 2/

Dallas Jacksboro National Bancshares, Inc., Jacksboro, Texas, for approval to acquire 80-100 per cent of the voting shares (less directors' qualifying shares) of The Jacksboro National Bank, Jacksboro, Texas• If & 2/

Dallas Mainland Bancorporation, Inc., Texas City, Texas, for ap-proval to acquire 100 per cent of the voting shares of Mainland Bank, Texas City, Texas. V & If

Denied Chicago Heritage Racine Corporation, Racine, Wisconsin, for approval

to acquire 80 per cent or more of the voting shares of Heritage Bank and Trust, Racine, Wisconsin; Heritage National Bank of Racine, Racine, Wisconsin; Heritage Bank-Mt. Pleasant, Racine, Wisconsin; and Racine County National Bank, Franks-ville, Wisconsin. 2/

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

If Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

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

H.2, 1980 No. 17 - 4 -

Boston

Atlanta

St. Louis

Kansas City

Cleveland

Richmond

ACTIONS OF THE BOARD-Continued

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

Approved First Financial Group of New Hampshire, Inc., Manchester, New

Hampshire, for approval to acquire 80 per cent or more of voting shares of First Bank and Trust Company, Meredith, New Hampshire and Claremont National Bank, Claremont, New Hampshire. 2/

CB&T Bancshares, Inc., Columbus, Georgia, for approval to acquire 51 per cent or more of the voting shares of Sumter County Bank, Americus, Georgia. 1/ & 2/

First Union Bancorporation, St. Louis, Missouri, for approval to acquire 90 per cent or more of the voting shares of First Bank of Commerce, Columbia, Missouri. 1J & 2/

Affiliated Bankshares of Colorado, Inc., Boulder, Colorado, for approval to acquire Intemountain Bankshares of Colorado, Inc., Boulder, Colorado and to indirectly acquire 99.79 per cent of the voting shares of First National Bank, Westminster,. Westminster, Colorado. V & 2/

* * * * *

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

Approved Mellon National Corporation, Pittsburgh, Pennsylvania, for

approval to transfer its indirect 100 per cent ownership of Mellon National Mortgage Company of Colorado, Denver, Colorado, a company engaging in mortgage lending and credit related mortgage redemption and health and acci-dent insurance activities from Mellon Bank N.A., Pittsburgh, Pennsylvania to Laurel Mortgage Co., a wholly owned sub-sidiary.

Virginia National Bankshares, Inc., Norfolk, Virginia, for approval to acquire certain assets, leases, and three offices of VNB Mortgage Corporation located at Upper Darby and Camp Hill, Pennsylvania and Wilmington, Delaware.

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

2/ Application subject to Community Reinvetment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

I

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

H.2, 1980 No. 17 - 5 -

ACTIONS OF THE BOARD-Continued

Chicago Manufacturers National Corporation, Detroit, Michigan, for approval to acquire 100 per cent of the voting shares of Manucor Insurance Corporation, Phoenix, Arizona, a de novo company which will engage in underwriting, as reinsurer, credit life insurance directly related to extensions of credit through Applicant's banking subsidiaries. 1/

Minneapolis Kiester Investments, Inc., Kiester, Minnesota, for approval to acquire 100 per cent of the voting shares of Kiester Insurance Agency, Kiester, Minnesota, V

Permitted New York Manufacturers Hanover Corporation, New York, New York, noti-

fication of intent to engage in de novo activities (leas-ing real and personal property on a full payout basis in accordance with the provision of regulations promulgated by The Board of Governors of the Federal Reserve System; and acting as agent, broker or adviser in leasing such property and making and acquiring for its own account or for the account of others, loans and other extensions of credit with respect to such property and servicing such leases, loans or other extensions of credit) at One Commerce Place, Nashville, Tennessee, through its subsidiary, Manufacturers Hanover Leasing Corporation (4/20/80) 3/

New York Manufacturers Hanover Corporation, New York, New York, noti-fication of intent to engage in de novo activities (arrang-ing, making or acquiring for its own account or for the account of others, loans and other extensions of credit secured by second mortgages on residential real property such as would be made by a consumer finance company; ser-vicing such loans and other extensions of credit for any person; and acting as agent or broker for the sale of credit life insurance which is directly related to such loans and extensions of credit) at 106 West Main Street, Aberdeen; 110 Court House Avenue, Burgaw; 124 West Front Street, Burlington; Broad Street, Elizabethtown; 314 South Main Street, Fairmont; 107 Gillespie Stret, Fayetteville; 711 North Queen Street, Kinston; 615 North Elm Street; Lumberton; 216 Ninth Street, North Wilkesboro; 314 Fourth Street, Red Springs; 936 Roanoke Avenue, Roanoke Rapids; 819 N. Madison Boulevard, Roxeboro; 222 North Main Street, Rutherfordton;

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

3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank 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, 1980 No. 17 - 6 -

ACTIONS OF THE BOARD-Continued

212 S. Steele Street, Sanford; 1720 Horner Boulevard, Sanford; Main Street, Shallotte; 2006 N. Main Street, Tarboro; 126 West Wade Street, Wadesboro; 209 East Main Street, Wallace; 119 Princess Street, Wilmington; and 214 East Main Street, Yadkinville, all in North Carolina, through its subsidiary, The Financial Source, Inc. of North Carolina (4/25/80) 3/

New York Manufacturers Hanover Corporation, New York, New York, no-tification of intent to engage in de novo activities (arrang-ing, making or acquiring for its own account or for the account of others, loans and other extensions of credit secured by second mortgages on residential real property such as would be made by a consumer finance company; ser-vicing such loans and other extensions of credit for any person; acting as an agent or broker for the sale of credit life insurance which is directly related to such loans and extensions of credit) at 4653 Duke Street, Alexandria; Route 460 Triangle Plaza; Appomattox; 402B W. Main Street, Bedford; 508 Spring Street, Bluefield; Main Street, Bowling Green; 114 Country Club Drive, S.W., Blacksburg; 101 S. Main Street, Bridgewater; Route 501, Brookneal; 317 Shawnee Avenue; Big Stone Gap; 223 W. Main Street, Charlottesville; Virginia Avenue & Fifth Street, Clarksville; 518 Culpeper Shopping Center, Culpeper; 223 Mason Avenue, Cape Charles; 109 E, Carolina Avenue, Crewe; 310 W. Main Street, Covington; East Corner, Anchorage Shopping Center, Vansant; 193 W. Spotswood Avenue, Elkton; 520 N. Main Street, Emporia; 105A N. Main Street; Farmville; 128 W. Hicks Street, Lawrence-ville; Bluefield Road, Route 19, Lebanon; Main Street, Louisa; 8347 Sudley Road, Manassas; Four Corner Plaza, P.O. Box 68 Onley; 11-B Walnut Hill Plaza, Petersburg; Franklin Plaza Shopping Center, Rocky Mount; 526 Main Street, South Boston; 241-A Harry Flood Byrd Highway, Sterling; 1144 Route 17, Tabb; 212 Main Street, Warsaw; 260 Broadview Avenue, Warrenton; 1853 Seminole Trail, Charlottesville; 204A Main Street, Wise; 13943 Jefferson Davis Highway, Woodbridge; 113 N. Main Street, Woodstock; 1153 Berryville Avenue, Winchester; Main & Hunter Streets, Waverly; all in Virginia, through its subsidiary, The Financial Source, Incorporated of Virginia (4/26/80) 3/

Atlanta Sun Banks of Florida, Inc., Orlando, Florida, notification of intent Co engage in d̂ e novo activities (making or acquir-ing, for its own account or for the account of others, mort-gage loans and other real estate related extensions of credit,

3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank 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, 1980 No. 17 7 -

ACTIONS OF THE BOARB-Continued

and servicing those loans and other extensions of credit for any person) at 4630 South Florida Avenue, Lakeland, Florida, through its subsidiary, Sunbank Mortgage Company (4/26/80) 3/

Chicago Commercial National Corporation, Peoria, Illinois, notifi-cation of intent to engage in de novo activities (making or acquiring, for its own account secured and unsecured installment loans and other extensions of credit) at 1025 Peoria Street, Peru, Illinois, through its subsidiary, Commercial National Loan Centers, Inc. (4/21/80) 3/

San BankAmerica Corporation, San Francisco, California, notifi-Francisco cation of intent to engage In de novo activities (to engage

in lending, loan servicing and credit related life, acci-dent and disability insurance activities) at Suite 205, 7825 Midlothian Turnpike, Richmond, Virginia, through its indirect subsidiary, FinanceAmerica Mortgage Services Cor-poration (4/26/80) 3J

San Security Pacific Corporation, Los Angeles, California, notl— Francisco fication of intent to engage in de novo activities (lending,

industrial loan, loan servicing and credit related insur-ance activities) at 111 West 7200 South, Midvale, Utah, through its subsidiary, Security Pacific Finance Money Center, Inc. (4/21/80) 3/

* * * * *

To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956

Permitted Chicago Berkshire Hathaway Inc., New Bedford, Massachusetts, and non-

banking subsidiaries, notification of intent to acquire more than 5 per cent of the outstanding voting stock of Levitz Furniture Corp., Miami, Florida (4/21/80) 3/

3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank 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, 1980 No. 17 - 8 —

APPLICATIONS RECEIVED

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

Cleveland The Toledo Trust Cmpany, Toledo, Ohio. Branch to be es-tablished on Michigan Avenue and Waterville-Monclova Road, Waterville, Lucas County, Ohio. 2/

Atlanta Bank of Holiday, Holiday, Florida. Branch to be established at 5216 Ridge Road (County Route 587A) and County Route 587, in Western Pasco County, Florida. 2/

San Columbia Pacific Bank & Trust Co., Portland, Oregon. Branch Francisco to be established at 14875 S. E. 82nd Drive, Clackamas,

Clackamas County, Oregon. 2J

San United California Bank, Los Angeles, California. Branch to Francisco be established in the vicinity of Interstate 580 and Foot-

hill Road, Pleasanton, Alameda County, California. 2/

San The Continental Bank and Trust Company, Salt Lake City, Utah. Francisco Branch to be established at 9000 South 1700 West, Salt Lake

City, Utah. 2/

* * * * *

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

Dallas Community Bank, Fort Bend County, Texas. 2/

* * * * *

To Establish a Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act

San Bank of America NT & SA, San Francisco, California: requests Francisco permission to contribute the Bank's shares in Bank of

America International of Florida (BAIF), Bank of America International of Chicago (BAIC), and Bank of America Inter-national of Texas (BAIT) to the Bank's New York-based Edge Corporation, Bank of America ("Edge Corporation"); to liquidate and dissolve of BAIF, BAIC, and BAIT after their

2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

N

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

H.2, 1980 No. 17 - 9 -

APPLICATIONS RECEIVED-Contlnued

San Francisco

Boston

Cleveland

Cleveland

Cleveland

liabilities are paid and after their activities have been assumed by new branches of Edge Corporation in Miami, Chicago and Houston; to transfer the home office of Edge Corporation to San Francisco and transform the existing operation in New York to a branch; to open seven addi-tional branches of Edge Corporation in Atlanta, Boston, Cleveland, Dallas, Minneapolis and St. Louis.

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

Wells Fargo Bank, N.A., San Francisco, California: requests permission to establish a branch in the Grand Cayman Islands.

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

Security Bancorp, Inc., Boston, Massachusetts, for ap-proval to acquire 100 per cent of the voting shares of Security National Bank, Lynn, Massachusetts. 2/

Citizens Incorporated, Evans City, Pennsylvania, for ap-proval to acquire 80 per cent or more of the voting shares of The Citizens National Bank of Evans City, Evans City, Pennsylvania. 2]

Ohio Citizens Bancorp, Inc., Toledo, Ohio, for approval to acquire 100 per cent of the voting shares (less di-rectors' qualifying shares) of the successor by merger to The Ohio Citizens Trust Company, Toledo, Ohio. 2/

United Ohio Bancs, Inc., Dayton, Ohio, for approval to acquire 100 per cent of the voting shares of The Third National Bank and Trust Company of Dayton, Ohio, Dayton, Ohio. 2/

* * * * *

2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

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

H.2, 1980 No. 17 - 1 0 -

APPLICATIONS RECEIVED-Contlnued

Chicago

Chicago

Chicago

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

GREATER MILWAUKEE FINANCIAL CORP., Milwaukee, Wisconsin, for approval to acquire 80 per cent or more of the voting shares of Greater Milwaukee Rank, Milwaukee, Wisconsin. 2/

T E A , Incorporated, Shullsburg, Wisconsin, for approval to acquire 71 per cent jt more of the voting shares of Farmers and Merchants Bank, Shullsburg, Wisconsin. 2/

Tolono Bancshares, Inc., Tolono, Illinois, for approval to acquire 87 per cent of the voting shares of Citizens Bank of Tolono, Tolono, Illinois. 2j

Yorkville Bancshares, Inc., Yorkville, Illinois, for ap-proval to acquire 81.9 per cent or more of the voting shares of The Yorkville National Bank, Yorkville, Illinois. 2/

Commercial Bankstock, Inc., Little Rock, Arkansas, for ap-proval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of The Commercial National Bank of Little Rock, Little Rock, Arkansas. 2/

Robinson Bank Holding Company, Robinson, North Dakota, for approval to acquire 100 per cent (less directors' quali-fying shares) of Security State Bank of Robinson, Robinson, North Dakota. 2/

Centennial Bancorporation, Thermopolis, Wyoming, for ap-proval to acquire 80 per cent or more of the voting shares of First National Bank at Thermopolis, Thermopolis, Wyoming. 2/

Mustang Financial Corporation, Rio Vista, Texas, for approval to acquire 80 per cent of the voting shares of First State Bank, Rio Vista, Texas. 2/

2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

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

H.2, 1980 No. 17 - 1 1 -

APPLICATION RECEIVED-Contlnued

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

Chicago DETROITBANK Corporation, Detroit, Michigan, for approval to acquire 100 per cent of the voting shares of the successor by merger to ISB Financial Corporation, Kalamazoo, Michigan, and thereby indirectly acquire 96.7 per cent or more of the voting shares of Industrial State Bank & Trust Company, Kalamazoo, Michigan. 2/

Dallas First Freeport Corporation, Freeport, Texas, for approval to acquire 100 per cent of the voting shares of Alvin National Bank, Alvin, Texas, a proposed new hank. 2J

Dallas Republic of Texas Corporation, Dallas, Texas, for approval to acquire 100 per cent of the voting shares (less di-rectors' qualifying shares) of Oak Cliff Bank & Trust Company, Dallas, Texas. 2/

* * * * *

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

Boston The Conifer Group, Inc., Worchester, Massachusetts, noti-fication of intent to engage in d<e novo activities (com-puter service activities) at 370 Main Street, Worchester, Massachusetts and 71 Federal Street, Pittsfield, Massachusetts, through its subsidiary, Conifer Computer Services, Inc. (4/23/80) 3/

Boston First National Boston Corporation, Boston, Massachusetts, notification of intent to engage in de novo activities (factoring, commercial finance, and personal property leasing) at 406 Reo Street, Tampa, Florida, through its indirect subsidiary, FNB Financial Company (4/22/80) 3/

New York Barclays Bank Limited and Barclays Bank International Limited, both of London, England, notification of intent to relocate _de novo activities (making direct consumer loans and purchasing of sales finance contracts represent-ing extensions of credit such as would be made or acquired

27Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

V 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H.2, 1980 No. 17 - 1 2 -

Atlanta

APPLICATIONS RECEIVED-Continued

by a consumer finance company and wholesale financing (floor planning); acting as agent for the sale of related credit life, credit accident and health and credit prop-erty insurance; selling at retail travelers checks issued by Barclays Bank International Limited) from 233 South Tyron Street, Charlotte, North Carolina to 5541 South Boulevard, Charlotte, North Carolina; from 117 Public Square, Laurens, South Carolina to 312 Hillcrest Drive, Barksdale Square, Laurens, South Carolina; from 9 Sixth Street, Bristol, Tennessee to 1395 Volunteer Parkway, Bristol, Tennessee; and from 819 Chestnut Street, Chattanooga, Tennessee to Franklin Building, Suite 104, Chattanooga, Tennessee, through their subsidiary, BarclaysAnericanCorporation and BAC's subsidiary, Barclays-American/Financial, Inc. (4/23/80) 3/

Landmark Banking Corporation, Fort Lauderdale, Florida, no-tification of intent to relocate de novo activities (to engage in the sale, as agent, of credit life and credit accident and health insurance directly related to exten-sions of credit) from 6666 22nd Avenue North, St. Peters-burg, Florida to One Financial Plaza, Fort Lauderdale, Florida, throuh its subsidiary, Landmark Mortgage Cor-poration (4/21/80) 3/

Chicago

Chicago

Chicago

Mid Iowa, Inc., Panora, Iowa, for approval to continue to engage in general insurance activities through its subsid-iary, Panora Insurance Agency, Panora, Iowa.

T E A , Incorporated, Shullsburg, Wisconsin, for approval to retain general insurance agency activities in a town of under 5,000 population.

Viola Insurance Agency Inc., Viola, Wisconsin, notification of intent to engage in de novo activities (to retain its general insurance agency in a town with a population of less than 5,000) such activities will be conducted in the Farmers State Bank Building, Viola, Wisconsin (4/17/80) 3/

Minneapolis Tri-County State Agency, Inc., Ortonville, Minnesota, for approval to continue to engage in the sale of general insurance in a town with a population not exceeding 5,000.

3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank 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, 1980 No. 17 - 13

APPLICATIONS RECEIVED-Continued

Kansas City Clearwater Development Company, Inc., Clearwater, Nebraska, for approval to retain the general insurance agency activ-ity of Clearwater Development Company.

Kansas City Sherman County Management, Inc., Loup City, Nebraska, no-tification of intent to engage in cle novo activities (to continue to engage in general insurance activities which activities were previously commenced de novo) (4/25/80) 3/

Dallas

San Francisco

Mustang Financial Corporation, Rio Vista, Texas, for ap-proval to acquire at least 80 per cent of the voting shares of Noland River Land Company, Rio Vista, Texas.

U.S. Bancorp, Portland, Oregon, notification of intent to relocate de novo activities (to engage in lending, ser-vicing loans, leasing of personal property and credit related insurance activities) from 5151 South Federal, Littleton, Colorado to 2545 Youngfield, Golden, Colorado, through its subsidiary, U.S. Bancorp Financial Inc. (4/21/80) 3/

San U.S. Bancorp, Portland, Oregon, notification of intent to Francisco engage in de novo activities (lending, loan servicing,

and credit related insurance activities) by the North Santiam Highway, Silverton Road and Lancaster Drive, Marion County, Oregon, through its subsidiary, U.S. Creditcorp (4/24/80) 3/

San Wells Fargo & Company, San Francisco, California, for ap-Francisco proval to acquire certain assets of Stanwell Mortgage,

Concord, California.

* * * * *

REPORTS RECEIVED

Registration Statement Filed Pursuant to Section 12(g) of the Securities Exchange Act

The Community Bank of Forest, Forest, Virginia.

3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank 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, 1980 No. 17 - 14

APPLICATIONS RECEIVED-Continued

Ownership Report Filed Pursuant to Section 13 of the Securities Exchange Act

The Lorain County Savings & Trust Co., Elyrla, Ohio (Filed by Delbert Mintz - Amendment #1)

* * * * *

Tender Offer Statement Filed Pursuant to Section 14(d) of the Securities Exchange Act

The Bristol Bank, Bristol, New Hampshire (Amendment #1)

* * * * *

PETITIONS FOR RULEMAKING

None.

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


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