h2_19821002.pdf

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ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1982 No. 40)

Actions of the Board; Applications and Reports

Received During the Week Ending October 2, 1982

APPLICABLE RESERVE BANK

Kansas City

San Francisco

Dal las

Dal las

Atlanta

ACTIONS OF THE BOARD

Regulation L amendment which implements the Depository Ins t i tu t ion Management Interlocks Act, to re f lect changes in the Act recently adopted by Congress.

Cr i ter ia for determining the primary capital status of mandatory convertible secur i t ies.

Consumer Advisory Council, meeting on October 27 and 28, in sessions open to the public.

Commerce Bancshares, Inc. , Kansas Ci ty, Missouri, extension of time to January 14, 1983, within which to acquire Commerce Bank of Lee's Summit, Lee's Summmit, Missouri. JJ

Community Bancorporation, Pullman, Washington, extension of time to December 21, 1982, within which to become a bank holding com-pany through the acquisit ion of Bank of Pullman, Pullman, Washington. J /

Garrison Bancshares, Inc . , Garrison, Texas, ex-tension of time to December 2, 1982, within which to acquire The Commercial State Bank, Garrison, Texas. JJ

Ker rv i l le Bancshares, Inc . , Ker rv i l l e , Texas, extension of time to December 31, 1982, wi th in which to acquire Bank of Kerrvi1le, Ker rv i l l e , Texas. J /

One American Corp., Vacherie, Louisiana, ex-tension of time to January 15, 1983, within which to become a bank holding company through the acquisit ion of F i rs t American Bank and Trust, Vacherie, Louisiana. 1/

U Application processed on behalf of the Board of Governors under delegated author i ty .

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

H.2, 1982 No. 40 - 2 -

At]anta

Atlanta

San Francisco

San Francisco

Chicago

Atlanta

Chicago

Atlanta

ACTIONS OF THE BOARD - Continued

State National Corp., New Iber ia, Louisiana, extension of time to December 31, 1982, wi thin which to become a bank holding company through the acquisit ion of The State National Bank, New Iber ia, Louisiana. J_/

United American of Northwest Florida, Inc. , Pensacola, Flor ida, extension of time to January 5, 1983, within which to become a bank holding company through the acquisi-t ion of F i rs t State Bank of Pensacola, Pensacola, Flor ida. ]_/

U. S. Bancorp, Portland, Oregon, extension of time to December 28, 1982, within which to acquire Bank of Milton-Freewater, Milton-Freewater, Oregon. V

Bank of Milton-Freewater, Milton-Freewater, Oregon, extension of time to December 28, 1982, within which to become a member of the Federal Reserve System. ]_/

Wyandotte Savings Bank, Wyandotte, Michigan, an investment in bank premises. ]_/

Bank of Eclect ic, Eclect ic, Alabama, proposed merger with Bank of Tallassee, Tallassee, Alabama; report to the Federal Deposit Insurance Corporation on competitive factors. ]_/

Bank of Michigan City, Michigan Ci ty, Indiana, proposed merger with Citizens Bank of Michigan Ci ty , Michigan Ci ty, Indiana, under the charter of Bank of Michigan Ci ty , and t i t l e of Citizens Bank of Michigan City, Indiana; report to the Federal Deposit Insurance Corporation on competitive factors. J_/

Citizens Bank of Blount County, Maryvi l ie, Tennessee, proposed merger with Maryvil ie Phantom Bank, Maryvi l ie, Tennessee; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

T 7 A p p l i c a t i o n processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 40 - 3 -


Richmond

Chicago

Richmond

Atlanta

San Francisco

Chicago

Citizens Bank and Trust Company, Riverdale, Maryland, proposed merger with Kennedy Bank and Trust Company, Bethesda, Maryland; report to the Federal Deposit Insurance Corporation on competitive factors. J /

Cit izens National Bank of Boone, Boone, Iowa, proposal to purchase assets and assume l i a b i l i t i e s and maintain branches of The Farmers Savings Bank, Hamilton, Iowa, under the charter and t i t l e of The Citizens National Bank of Boone; report to the Comp-t r o l l e r of the Currency on competitive fac tors . ]_/

Cit izens and Southern National Bank of South Carolina, Charleston, South Carolina, proposed merger with Carolina National Bank, Easley, South Carolina; report to the Comptroller of the Currency on competi-t i v e factors . J_/

Freedom Savings and Loan Association, Tampa, F lor ida, proposed merger with ComBank, Winter Park, Winter Park; ComBank/Seminole County, Casselberry; ComBank/Fairvilla, Orlando; ComBank/Apopka, Apopla; and ComBank/Union Park, Orlando, F lor ida; report to the Federal Deposit Insurance Corporation on competitive fac tors . JJ

Fresno Commerce Subsidiary Co., Fresno, Cal i -f o rn ia , proposed merger with Fresno Bank of Commerce, Fresno, Ca l i fo rn ia , under the charter and t i t l e of the l a t t e r ; report to the Federal Deposit Insurance Corporation on competitive factors. ]_/

Gainer Bank, National Association, Gary, Indiana, proposed merger with Gary National Bank, Gary, Indiana, under the charter and t i t l e of Gainer Bank, National Association; report to the Comptroller of the Currency on competitive fac tors . 1/

\J Appl icat ion processed on behalf of the Board of Governors under delegated au thor i t y .


H.2, 1982 No. 40 - 4 -


Chicago

Boston

Chicago

Chicago

Chicago

Chicago

Heritage Bank Be lo i t , Be lo i t , Wisconsin, pro-posal to consolidate with Heritage Bank Be lo i t , Be lo i t , Wisconsin, under the charter of Heritage Bank Beloi t Mal l , and t i t l e of Heritage Bank Be lo i t ; report to the Federal Deposit Insurance Corporation on competitive fac tors . ]_/

Laconia Peoples National Bank and Trust Com-pany, Laconia, New Hampshire, proposed merger with the Franklin National Bank, Frankl in , New Hampshire; report to the Comptroller of the Currency on competitive fac tors . U

Sagamore National Bank, Lafayette, Indiana, pro-posed merger with Purdue National Bank of Lafayette, Lafayette, Indiana, under the charter of Sagamore National Bank and t i t l e of Purdue National Bank of Lafayette; report to the Comptroller of the Currency on competitive fac tors . ]_/

State Bank of Waldron, Waldron, Indiana, pro-posed merger with Waldron Service Bank, Waldron, Indiana, under the charter of Waldron Service Bank and t i t l e of The State Bank of Waldron; report to the Federal Deposit Insur-ance Corporation on competitive factors. ]_/

United Central Bank & Trust Company of Algona, Algona, Iowa, propose to acquire the assets and assume the l i a b i l i t i e s of Exchange State Bank, Wesley, Iowa, under the charter and t i t l e of United Central Bank & Trust Company of Algona; report to the Federal Deposit Insurance Corporation on competitive factors . J_/

United Central & Trust Company of Algona, Algona, Iowa, propose to acquire the assets and assume the l i a b i l i t i e s of Bode State Bank, Bode, Iowa, under the charter and t i t l e of United Central & Trust Company of Algona; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

T7 Appl icat ion processed on behalf of the Board of Governors under delegated au thor i t y .


H.2, 1982 No. 40 - 5 -


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

Approved Chicago St. Joseph Valley Bank, Elkhart, Indiana, to

merge with F i rs t National Bank of Goshen, Goshen, Indiana.

i

* * * * *

New York

Richmond

Richmond

Atlanta

San Francisco

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

Approved The Bank of New York, New York, New York. To

establish an o f f s i t e electronic f a c i l i t y at Eric Hayes, Inc . , D/B/A Bells Market, 909 East Ferry Street, Buffalo, Erie County, New York. J /

Bank of V i rg in ia, Richmond, Virg in ia. To establish a customer-bank communication terminal at 8103 Old Dominion Drive, McLean, Fairfax County, V i rg in ia . Jy

Bank of Vi rg in ia, Richmond, Vi rg in ia. To establish a customer-bank communication terminal at 7318 Midlothian Turnpike, Chesterfield County, V i rg in ia . J /

Marion County Banking Company, Hamilton, Alabama. To establish a branch o f f i ce located on the west side of Highway 5 inside the c i t y l im i ts of Bear Creek, Alabama. JJ

Valley Bank of Nevada, Las Vegas, Nevada. To establish a branch o f f i ce in the v i c i n i t y of Mi l l Street and Corporate Boulevard, Reno, Washoe County, Nevada. 1/

* * * * *

J / Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 40 - 6 -


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

Not Disapproved Kansas City Humboldt Bancshares, Inc. , Humboldt, Kansas. ]_/

* * * * *

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

Approved St. Louis Commerce Union Bank Union Ci ty , Union Ci ty ,

Tennessee. JJ

Chicago St. Joseph Valley Bank, Elkhart, Indiana. ]_/

* * * * *

Applications and Not i f icat ions for International Investments and Other Actions Pursuant to Sections 25 and 25(a)

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

Approved New York Citibank Overseas Investment Corporation,

Wilmington, Delaware: request consent to engage ind i rec t ly in futures commission merchant ac t i v i t i es abroad.

* * * * *

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

Approved New York European American Bank and Trust Company, New

York, New York: grants consent to establish a branch in Nassau, Bahamas.

T7 Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 40 - 7 -


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

Richmond Approved

Intermountain Bankshares Inc. , Charleston, West V i rg in ia , for approval to acquire 100 percent of the voting shares of the successors by merger to: Kanawha Banking & Trust Company National Association, Charleston, West V i rg in ia ; The Teays Valley National Bank, Scott Depot, West V i rg in ia ; Community Bank and Trust, N.A., Fairmont, West V i rg in ia ; Middletown National Bank, Marion County, West V i rg in ia ; National Bank of Monongah, Monongah, West Vi rg in ia; Mountaineer National Bank, Morgantown, West Vi rg in ia. 1/

Richmond

Atlanta

Atlanta

Chicago

Chicago

Peoples Bancorp (N.C.), Inc . , Rocky Mount, North Carolina, for approval to acquire 100 percent of the voting shares of the successor by merger to Peoples Bank and Trust Company, Rocky Mount, North Carolina. ]_/

F i rs t Hartford Bancshares, Inc. , Hartford, Alabama, for approval to acquire at least 80 percent of the voting shares of The F i rs t National Bank of Hartford, Hartford, Alabama. J /

Quality Financial Services Corporation, Alexandria, Tennessee, for approval to acquire 100 percent of the voting shares of DeKalb County Bank and Trust Company, Alexandria, Tennessee. ]_/

Central Lakes Bancorporation, Inc. , Necedah, Wisconsin, for approval to acquire at least 80 percent of the voting shares of The Necedah Bank, Necedah, Wisconsin. V

Mart insvi l le Bancshares, Inc . , Mar t insv i l le , I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of the successor by merger to Martins-v i l l e State Bank, Mar t insv i l le , I l l i n o i s . J /


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

H.2, 1982 No. 40 - 8 -


Chicago

Minneapolis

Minneapolis

Kansas City

Kansas City

Dallas

Dallas

Dallas

Dal las

S. B. W. Bancorp., Inc. , Waupun, Wisconsin, for approval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of the successor by merger to The State Bank of Waupun, Waupun, Wisconsin. ]_/

F i rs t State Financial Services, Inc. , Bridge-water, South Dakota, for approval to acquire at least 80 percent of the voting shares of F i rs t State Bank, Bridgewater, South Dakota. ]_/

The Resource Companies, Inc. , Minneapolis, Minnesota, for approval to acquire 100 percent of the voting shares of Resource Trust Company, Minneapolis, Minnesota. J_/

Cripple Creek Bancorporation, Inc . , Cripple Creek, Colorado, for approval to acquire at least 80 percent of the voting shares of Bank of Cripple Creek, Cripple Creek, Colorado. V

Victory Bancshares, Inc . , Nowata, Oklahoma, for approval to acquire 89.5 percent of the voting shares of Victory National Bank of Nowata, Nowata, Oklahoma. J /

Canadian Bancshares, Inc . , Canadian, Texas, for approval to acquire 80.354 percent of the voting shares of F i rs t State Bank of Canadian, Canadian, Texas. JJ

Lamesa National Corporation, Lamesa, Texas, for approval to acquire at least 80 percent of the voting shares of The Lamesa National Bank, Lamesa, Texas.

Landmark Financial Group, Inc. , Fort Worth, Texas, for approval to acquire at least 80 percent of the voting shares of Mercantile Bank of Fort Worth, Fort Worth, Texas. J /

Permian Bancshares, Inc . , Odessa, Texas, for approval to acquire 10 percent of the voting shares of Permian Bank & Trust, Odessa, Texas. 1/

17 Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 40 - 9 -


San Francisco

San Francisco

Redmond Bancorp, Redmond, Washington, for approval to acquire TOO percent of the voting shares of Bank of Redmond, Redmond, Washington. ] /

Valencia Bancorp, Santa Ana, Cal i forn ia, for approval to acquire 100 percent of the voting shares of Valencia Bank, Santa Ana, Cal i forn ia. 1/

To Expand a Bank Holding Company Pursuant to Section 3(a)(2) of the Bank Holding Company Act of 1956

Approved Cleveland Union Commerce Corporation, Cleveland, Ohio,

for approval to retain 100 percent of the voting shares of The F i rs t National Bank Qf. Nelsonvi l le, Nelsonvi l le, Ohio. 1/

* * * * *


Denied Chicago Mil ford Bancorporation, Mil ford, Iowa, for

approval to acquire 100 percent of the voting shares of San Bancorp, Sanborn, Iowa and ind i rec t ly at least 85.42 percent of Sanborn Savings Bank, Sanborn, Iowa.

Chicago Approved

Hampton Park Corporation, Romeoville, I l l i n o i s , for approval to ac-quire 80 percent of the voting shares of The Palwaukee Bank, Prospect Heights, I l l i n o i s . 1/

Chicago Oak Park Bancorp, Inc . , Oak Park, I l l i n o i s , for approval to acquire 100 percent of the voting shares of The Dunham Bank, St. Charles, 111inois. J /

Kansas City CharterCorp, Kansas Ci ty , Missouri, for approval to acquire 100 percent of the voting shares of Bank of Independence, Independence, Missouri. J /



H.2, 1982 No. 40 - 10 -


Dallas Harlingen National Bancshares, Inc . , Harlingen, Texas, for approval to acquire 100 percent of the voting shares of South Harlingen National Bank, Harlingen, Texas, a proposed new bank. 1/

* * * * *

To Retain Bank Shares Acquired in a Fiduciary Capacity Pursuant to Section 3 of the Bank Holding Company Act of 1956

Approved New York Midlantic Banks Inc. and Midlantic National Bank,

both located in Edison, New Jersey, for approval to retain 39.1375 percent of the voting shares of The F i rs t National Bank of Blairstown, Blairstown, New Jersey. ]_/

* * * * *

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

Approved New York Ci t icorp, New York, New York, for approval to

acquire 100 percent of the voting shares through Cit icorp Person-to-Person, Inc . , of a federal ly chartered and insured savings and loan association and is the successor by supervisory conversion of F ide l i ty Federal Savings and Loan Association, San Francisco, Cal i fornia and to acquire ind i rec t ly i t s wholly-owned service corporation, F ide l i ty Subsidiary Corporation.

Richmond Southern Bancorporation, Inc . , Greenvil le, South Carolina, for approval to acquire assets of Continental Credit Corporation, Greenvil le, Texas, and thereby engage in making loans to indiv iduals. ]_/

]_/ Applications processed on behalf of the Board of Governors under delegated author i ty .

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


Permitted New York Barclays Bank PLC and Barclays Bank Inter-

national Limited, both of London, England, requests permission to relocate three exist ing of f ices of the i r subsidiaries. BardaysAmerican/Financial Services, Inc. ("BAFS"), and BarclaysAmerican/Financiaj, Inc. ("BAFI"), the of f ices w i l l continue to engage in the fol lowing ac t i v i t i es ( ( i ) making direct consumer loans, including loans secured by real estate, and purchasing sales finance contracts representing extensions of credit such as would be made or acquired by a consumer finance company, and wholesale financing [ f l oo r planning] and ( i i ) acting as agent for the sale of related credi t l i f e , credi t accident and health and credi t property insurance; credi t l i f e and credi t accident and health insurance sold as agent may be underwritten or reinsured by BarclaysAmericanCorporation's insurance underwriting subsidiaries) from Nine Mile Road, Richmond, Virginia to 8014 Midlothian Turnpike, Richmond, Vi rg in ia , through the i r subsidiaries, BA and BAFI and from 4118 Elvis Presley Boulevard, Memphis, Tennessee to 3063 Airways Boulevard, Suite 8, Memphis, Tennessee, through the i r subsidiary BAFI (9/26/82) 3/

New York Ci t icorp, New York, New York, requests permission to establish a de novo o f f i ce of i t s sub-s id ia ry , Cit icorp Homeowners, Inc. ("CHI"), and to expand the ac t i v i t i es and service area of an exist ing o f f i ce of i t s subsidiary, Cit icorp Person-to-Person Financial Center, Inc. ("CPFC") at the same locat ion; the new ac t i v i t i es in which the o f f i ce of CPFC proposes to engage de novo are (the making, acquiring and servicing, for i t s own account and for the account of others, of extensions of credit to individuals secured by l iens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t ly related to extensions of mortgage loans;

3/ 4(c)(8) no t i f i ca t ion processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty .



the proposed service area shall be the ent i re States of Missouri and Kansas for the aforementioned proposed a c t i v i t i e s and for the fo l lowing a c t i v i t i e s which have been previously approved for CPFC: 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 extension of loans to dealers fo r . the f inancing of inventory [ f l o o r planning] and working capi ta l purposes; the purchasing and servicing for i t s own ac-count of sales finance contracts; the sale of c red i t related l i f e and accident and health or decreasing or level [ i n the case of single payment loans] term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancia l management courses; and the serv ic ing, for any person, of loans and other extensions of c red i t . The a c t i v i t i e s in which the d_e novo o f f i ce of CHI w i l l engage are: the making or acquiring of loans and other extensions of c r e d i t , secured or unsecured, for consumer and other purposes; the sale of c red i t related l i f e and accident and health or decreasing or level [ i n the case of single payment loans] term l i f e insurance by licensed agents or brokers as required; the sale of consumer oriented f inancia l management courses; the serv ic ing, for any person, of loans and other extensions of c red i t ; the making, acquir ing and serv ic ing, for i t s own account and for the account of others, of extensions of c red i t to ind iv iduals secured by l iens on resident ia l or nonresidential real estate; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i rec t l y related to extensions of mortgage loans: the proposed service area of CHI shall be comprised of the ent i re States of Missouri and Kansas for a l l the aforementioned a c t i v i t i e s c red i t related l i f e , accident and health insurance may be wr i t ten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of CPFC and CHI) at 310 E. 12th Street , Kansas C i ty , Missouri , through i t s subsid iar ies, Ci t icorp Person-to-Person Financial Center, Inc. and Ci t icorp Homeowners, Inc. (10/1/82) 2 /

2 / 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty .


" . 2 , 1982 No. 40 - 13 -


New York Ci t icorp, New York, New York, requests per-mission to engage in the fol lowing ac t i v i t i es (the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory [ f l oo r planning] and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of credi t related l i f e and accident and health or decreasing or level [ i n the case of single payment loans] term l i f e insurance by licensed agents or brokers, as required; the issuing of t h r i f t ce r t i f i ca tes and t h r i f t pass-book ce r t i f i ca tes ; the sale of consumer oriented f inancial management courses; the servicing, for any person, of loans and other extensions of c red i t ; the making, acquiring, and servicing, for i t s own account and the account of others of extensions of credi t to individuals secured by l iens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t ly related to extensions of mortgage loans; the service area of the subsidiary would be comprised of the ent i re State of Colorado; credit related l i f e , accident and health insurance may be wr i t ten by Family Guardian Li fe Insurance Company, an a f f i l i a t e of Cit icorp Person-to-Person Boulder Industr ial Bank) at 1600 38th Street, Boulder, Colorado, serving the ent i re State of Colorado, through i t s subsidiary, Cit icorp Person-to-Person Boulder Industr ial Bank (9/30/82) 3/

New York Deutsche Bank AG, Frankfurt, Germany, requests permission to expand the service areas of f i ve exist ing of f ices (to expand i t s service area to provide the same financing services that i t is permitted to provide in the United States to ( I ) persons in Canada who make purchases from present and future a f f i l i a t e s of Daimler-Benz AG ("DB") in Canada, the i r respective dealers; the company current ly (A) provides dealers of a f f i l i a t e s of DB in the United States with wholesale financing in the form of loans to finance

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


H.2, 1982 No. 40 - 14 -


dealers inventories secured by such inventories and (B) provides customers of a f f i l i a t e s of DB in the United States and the i r dealers with re ta i l financing consisting of purchases by the company from such a f f i l i a t e s and the i r dealers of re ta i l installment obligations undertaken by the customer in respect of equip-ment purchased by the customer and of purchases of lease receivables and dealer rental receivabl in respect of equipment leased by the customer; in connection therewith, the company makes avai lable, solely as an authorized agent, credit l i f e , accident and physical damage insurance) at 1815 South Marlow Avenue, Portland, Oregon; 1002 Society Drive, Claymont, Delaware; 1530 Dunwoody Vil lage Parkway, Suite 100, Atlanta, Georgia; 2001 Midwest Road, Suite 310, Oak Brook, I l l i n o i s ; and 830 Northwest 19th Avenue, Portland, Oregon, through i t s subsidiary, Freight l iner Credit Corporation (9/26/82) 3/

New York Manufacturers Hanover Corporation, New York, New York, requests permission to relocate an exist ing o f f i ce engaging in the following ac t i v i t i es (arranging, making, or acquiring for i t s own account or for the account of others loans and other extensions of credit such as would be made or acquired by a mortgage company, servicing such loans and other extensions of c red i t ; and acting as agent or broker for the sale of credit l i f e insurance and credit accident and health insurance re lat ing to such loans and other extensions of credi t ) from 4550 West 103rd Street, Oak Lawn, I l l i n o i s to 2028 Elm, Homewood, I l l i n o i s , through i t s subsidiary, Manufacturers Hanover Mortgage Corporation Inc. (9/25/82) 3/

New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish a de novo o f f i ce engaging in the fol lowing acTTvities (making or acquiring loans and other extensions of c red i t , secured or un-secured, such as could be made or acquired by a finance company under I l l i n o i s law;

77 4(c)(8) no t i f i ca t ion processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty.



servicing such loans and other extensions of credit and acting as agent or broker for the sale of credi t l i f e insurance d i rec t ly related to such extensions of c red i t ; such ac t i v i t i es w i l l include, but not be l imited t o , making consumer installment loans, pur-chasing installment sales finance contracts, making loans and other extensions of credit secured by real and personal property, in-cluding real estate equity loans, and of fer ing credi t - re lated single and j o i n t l i f e insurance and decreasing or level term [ i n the case of single payment loans] l i f e insurance and credi t accident and health insurance d i rec t ly related to extension of credit made or ac-quired by Finance One Mortgage of I l l i n o i s , Inc . , by licensed agents or brokers, to the extent permissible under applicable State insurance laws and regulations, th is o f f i ce w i l l serve the ent ire State of I l l i n o i s ) at 2215 York Road, Oak Brook, I l l i n o i s , through i t s subsidiary, Finance One Mortgage of I l l i n o i s , Inc. (9/25/82) 3/

New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the service area of an exist ing o f f i ce (arranging, making, or acquiring for i t s own account or for the account of others loans and other ex-tensions of credit such as would be made or acquired by a mortgage company; servicing such loans and other extensions of c red i t ; and acting as agent or broker for the sale of credi t l i f e insurance and credit accident and health insurance re lat ing to such loans and other extensions of c red i t ; the o f f i ce presently serves customers in Montgomery and Prince Georges Counties and i t w i l l continue to serve these customers and proposes to ex-pand the service area to include Calvert, Anne Arundel, Charles, Howard, Frederick, Baltimore, Harford, St. Mary's and Worcester Counties in Maryland, Sussex and Kent Counties in the State of Delaware and the D is t r i c t of Columbia) at Maryland Trade Center, Suite 580, 7500 Greenway Center Drive, Lanham, Maryland, through i t s subsidiary, Manufacturers Hanover Mortgage Corporation (9/25/82) 3/

3/ 4(c)(8) no t i f i ca t ion processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty.


H.2, 1982 No. 40 - 16 -


Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, no t i f i ca t ion of intent to en-gage in de novo ac t i v i t i es ( in commercial finance and factoring ac t i v i t i es including the so l i c i t a t i on and making of loans to businesses and corporations secured by accounts receivable, inventory, machinery and equipment and/or other commercial finance col la tera l and the factoring of accounts receivable) at Minneapolis City Center, 33 South Sixth Street, Minneapolis, Minnesota, serving Minneapolis, Minnesota and surrounding areas, through i t s subsidiary, Congress Financial Corporation (10/1/82) 3/

Chicago Northern Trust Corporation, Chicago, I l l i n o i s , no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (performing appraisals of real estate) at 1900 Spring Road, Suite 102, Oak Brook I l l i n o i s , the geographic area to be served w i l l be the ent i re 50 states of the United States, through i t s subsidiary, Nortrust Farm Management, Inc. (9/28/82) 3/

St. Louis Boatmen's Bancshares, Inc. , St. Louis, Missouri, no t i f i ca t ion of intent to engage through the locations of i t s banking subsidiaries (the issuance and sale of i t s travelers checks in accordance with the Board's Regulation Y) through an unspecified number of correspondent banks and corporate customers located throughout Missouri, the southern half of I l l i n o i s and the eastern half of Kansas (9/28/82) 2J

Minneapolis Bank Shares Incorporated, Minneapolis, Minnesota, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( in leasing personal or real property in accordance with the Board's Regu-la t ion Y) at 777 Marquette Avenue, Minneapolis, Minnesota, serving the United States, through i t s subsidiary, Marquette Lease Services, Inc. (9/28/82) 3/

Minneapolis F i rs t Bank System, Inc . , Minneapolis, Minnesota, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (to engage in the ac t i v i t i es that may be performed by a t rus t company, including

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 author i ty.


H.2, 1982 No. 40 - 17 -


ac t i v i t i e s of a f iduc ia ry , agency or cus-todian nature) at 10451 Palmera Drive, Sun Ci ty , Arizona, serving the metropolitan area of Phoenix, Arizona, through i t s sub-sid iary F i rs t Trust Company of Arizona (9/27/82) 3/

San BankAmerica Corporation, San Francisco, Ca 11-Francisco forn ia , no t i f i ca t ion of intent to engage in

de novo ac t i v i t i es (making or acquiring, for i t s own account loans and other extensions of credi t such as would be made or acquired by a finance company; servicing loans and other extensions of credi t such as would be made or acquired by a finance company; servicing loans and other extensions of c red i t : and of fer ing credi t - re lated l i f e insurance and credi t - re lated accident and health insurance. Credit-related property insurance w i l l not be offered in the State of Indiana; such ac t i v i t i es w i l l include, but not be l imited to , making consumer in-stallment loans, purchasing sales finance contracts, making loans and other extensions of credi t to small businesses, making loans and other extensions of credi t secured by real and personal property, and of fer ing credi t - re lated l i f e and credi t - re lated accident and health insurance d i rec t l y related to extensions of credi t made or ac-quired by FinanceAmerica Corporation) in Indianapolis, Indiana, serving the ent i re state cf Indiana, through i t s indi rect sub-s id ia ry , FinanceAmerica Corporation (an Indiana corporation) (10/2/82) 3/

San BankAmerica Corporation, San Francisco, Cal i -Francisco fo rn ia , no t i f i ca t ion of intent to engage in

de novo ac t i v i t i e s (making or acquiring, for i t s own account loans and other extensions of credi t such as would be made or acquired by the finance company, servicing loans and other extensions of c red i t ; and of fer ing credi t - re la ted l i f e insurance, credi t - re lated accident and health insurance and credi t - re lated property insurance; such ac t i v i t i es w i l l include, but not be l imi ted to , making con-

3/ 4(c)(8) no t i f i ca t i on processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty .

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

H.2, 1982 No. 40 - 18 -


sumer installment loans, purchasing installment sales finance contracts, making loans and other extensions of credi t to small businesses., making loans secured by real and personal property, and of fer ing credi t - re lated l i f e , credi t - re lated accident and health and cred i t -related property insurance d i rec t ly related to extensions of credit made or acquired by FinanceAmerica of Columbia Heights Inc.) at 19 N. 4th Street, Moorehead, Minnesota, serving the ent i re States of Minnesota and North Dakota, through i t s indirect subsidiary, FinanceAmerica of Columbia Heights Inc. (a Minnesota corpor-ation [whose name w i l l be changed to Finance-America of Moorhead Inc . ] ) (10/1/82) 3/

San Security Pacif ic Corporation, no t i f i ca t ion of Francisco intent to engage in de novo ac t i v i t i es (to

engage in financing and industr ia l loan cor-poration ac t i v i t i es including making, acquiring and servicing loans and other extensions of c red i t ; se l l ing and issuing investment ce r t i -f ica tes; and acting as agent for the sale of credi t - re lated l i f e , credi t - re lated accident and health and credi t - re lated property insurance, a l l as authorized by Cal i fornia law) at 11480 South Street, Cerr i tos; 21535 North Hawthorne Boulevard, Torrance; and 600 North Mountain Avenue, Upland, a l l in Cal i forn ia, through i t s subsidiary, Security Pacif ic Finance Money Center Inc. (10/1/82) 3/

Security Pacif ic Corporation, Los Angeles, Cal i forn ia, no t i f i ca t ion of intent to relocate de novo ac t i v i t i es (making or acquiring, for i t s own account or for the account of others, loans and extensions of c red i t , including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of credi t such as would be made by a factor ing company or a consumer finance company; and acting as broker or agent for the sale of credi t l i f e and credit accident and health insurance) from 5012 Wellington Avenue, Ventnor Ci ty , New Jersey to Professional

San Francisco

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 author i ty .


H.2, 1982 No. 40 - 19 -


Plaza, 2021 New Road, Linwood, New Jersey, serving the State of New Jersey, through i t s subsidiary, Security Pacif ic Finance Corp. (9/30/82) 3/

* * * * *

Application for Modification of Deficiency Repayment Requirements Under Plan Lender Provision of Regulation G, 12 CFR 207

Pursuant to delegated authori ty of the Director of the Division of Banking Supervision and Regulation has approved the application of Tidewater Inc . , to modify deficiency repay-ment requirements under the Plan Lender provision of Regulation G.

37 4(c)(8) no t i f i ca t i on processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 40 - 2 0 -

APPLICATIONS RECEIVED

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

Richmond The New Bank, Vienna, V i rg in ia . 2/

* * * * *

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

Richmond The New Bank, Vienna, V i rg in ia , to merge with The Business Bank, Vienna, Virg in ia. 2/

* * * * *

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

The Bank of New Jersey, Moorestown, New Jersey. To establish an o f f s i t e electronic f a c i l i t y at Bellinawr Industr ial Bank, Benigno Boulevard, BelImawr, New Jersey. 2/

M&I Marshall & I ls ley Bank, Milwaukee, Wisconsin. To establish an o f f s i t e electronic f a c i l i t y at The Grand Avenue Mall, Milwaukee, Wisconsin. 2/

Michigan Bank - Port Huron, Port Huron, Michigan. To establish an o f f s i t e electronic f a c i l i t y at the fol lowing locations: 1661 21 Mile Road, Macomb Township, Michigan; 21 E. Long Lake Road, Bloomfield H i l l s , Michigan; 601 S. Main Street, Ann Arbor, Michigan and 2789 Plymouth Road, Ahn Arbor, Michigan. 2/

Michigan-Bank - Port Huron, Port Huron, Michigan. To establish an o f f s i t e electronic f a c i l i t y at 1101 S. University, Ann Arbor, Michigan. 2/

Bankers Trust Company, Des Moines, Iowa. To establish an ATM to be located at Carriers Bui lding, 601 Locust, Des Moines, Iowa. 2/

~2j Application subject to Community Reinvestment Act. The Community Af fa i rs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.

New York

Chicago

Chicago

Chicago

Chicago


H.2, 1982 No. 40 - 21 -

APPLICATIONS RECEIVED - Continued

Chicago The De Kalb Bank, De Kalb, I l l i n o i s . To establish an o f f s i t e electronic f a c i l i t y at 125 North Annie Glidden Road, De Kalb, I l l i n o i s . 2/

* * * * *

Applications and Not i f icat ions for International Investments and Other Actions Pursuant to Sections

25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company

Act of 1956, as amended

San BankAmerica International Financial Corporation, Francisco San Francisco, Cal i forn ia: no t i f i ca t ion

of the establishment of BA Futures Limited, London, England, a futures commission merchant.

* * * * *

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

Philadelphia Philadelphia National Bank, Philadelphia, Pennsylvania: pr ior no t i f i ca t i on of i t s intent to establish a branch to be located at 807 Pacif ic Bank Makati Bui lding, 6776 Ayala Avenue, Makati, Metro Manila, Phil ippines.

* * * * *

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

Richmond Flat Top Bankshares, Inc . , B luef ie ld, West V i rg in ia , for approval to acquire 100 per-cent of the voting shares of The Flat Top National Bank of Bluef ie ld, Bluef ie ld, West V i rg in ia . 2/

~Tj Application subject to Community Reinvestment Act. The Community A f fa i rs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1982 No. 40 - 2 2 -


Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Chicago

Chicago

Chicago

Chicago

BOC Bancorp, Inc . , Woodbury, Tennessee, for approval to acquire 100 percent of the voting shares of Bank of Commerce, Woodbury, Tennessee. 2/

Citizens F i rs t Bancshares, Inc . , Ocala, Florida, for approval to acquire at least 80 percent of the voting shares of Citizens F i rs t Bank of Ocala, Ocala, Flor ida. 2/

Guaranty Bancshares Holding Corporation, Morgan Ci ty , Louisiana, for approval to acquire 100 percent of the voting shares of Guaranty Bank & Trust Company of Morgan Ci ty , Morgan Ci ty , Louisiana. 2/

Republic Bancshares, Inc. , Winchester, Tennessee, for approval to acquire at least 80 percent of the voting shares of Franklin County Bank, Winchester, Tennessee. 2/

United Bancshares, Inc. , Lake Charles, Louisiana, for approval to acquire 100 percent of the voting shares of American Bank of Commerce, Lake Charles, Louisiana. 2/

FIRST CRAWFORDSVILLE FINANCIAL CORPORATION, Craw-fordsvi1 le, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to The F i rs t National Bank and Trust Company of Crawfordsvil ie, Crawfords-v i l l e , Indiana. 2J

Harbor Springs Financial Corporation, Harbor Springs Michigan, for approval to acquire 100 percent of the voting shares of Harbor Springs State Bank, Harbor Springs, Michigan. 2/

HUNTLEY BANCSHARES, INC., Huntley, I l l i n o i s , for approval to acquire 80 percent or more of the voting shares of State Bank of Huntley, Huntley, I I l i n o i s . 2!

South Sangamon Banc Shares, Inc . , Divernon, I l l i n o i s for approval to acquire 100 percent of the voting shares (less di rectors ' qual i fy ing shares) of the successor by merger to Community Bank of Divernon, Divernon, I l l i n o i s . 2/

77 Application subject to Community Reinvestment Act. The Community Af fa i rs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1982 No. 40 - 23 -


St. Louis

St . Louis

St . Louis

St. Louis

Minneapolis

Kansas City

Kansas City

Kansas City

Kansas City

Kansas City

Dawson Springs Bancorp, Inc . , Dawson Springs, fo r approval to acquire at least Kentucky, , w. r r , ^

80 percent of the voting shares of Commerc Bank of Dawson, Dawson Springs, Kentucky.

F i r s t Charlestown Corporation, Charlestown, Indiana, for approval to acquire at least 80 percent of the voting shares of F i rs t Bank of Charlestown, Charlestown, Indiana. 21

Old National Bancorp, Evansvi l le, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to Old National Bank in Evansvi l le, Evansvi l le, Indiana. 27

Piggott Bankstock, Inc . , P iggot t , Arkansas, for approval to acquire at least 80 percent of the voting shares of Piggott State Bank, Piggot t , Arkansas. 2/

Carver County Bancshares, Inc . , Chaska, Minnesota, for approval to acquire 95 percent of the voting shares of Carver County State Bank, Chaska, Minnesota. 2/

Abanc Holding, I nc . , El Dorado, Kansas, for approval to acquire at least 96.81 percent of the voting shares of Augusta Bank and Trust , Augusta, Kansas, 2/

CSB Banco, Inc . , L incoln, Nebraska, for approval to acquire at least 19,500 nonvoting shares of Cit izens State Banco, Lincoln, Nebraska, and i nd i rec t l y Cit izens State Bank, Lincoln, Nebraska. 2/

Downing Investment Co., I nc . , E l l i s , Kansas, for approval to acquire 24.9 percent of the voting shares of E l l i s State Bank, E l l i s , Kansas, and 81.5 percent of the voting shares of Americus State Bank, Americus, Kansas. 2/

Fi rs t Ada Bancshares, Inc . , Ada, Oklahoma, for approval to acquire at least 80 percent of the voting shares of The F i r s t National Bank and Trust Company of Ada, Ada, Oklahoma. 2]

Fi rs t Edmond Bancshares, Inc . , Edmond, Oklahoma, for approval to acquire at least 80 percent of

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


H.2, 1982 No. 40 - 24 -

Dal las

Dallas

Dal las

San Francisco

San Francisco

San Francisco

San Francisco


the voting shares of The F i rs t National Bank of Edmond, Edmond, Oklahoma. 2/

Alamo Corporation of Texas, Alamo, Texas, for approval to acquire 100 percent of the voting shares of Alamo Bank of Texas, Alamo, Texas, Central National Bank, Pharr, Texas, a pro-posed new bank, and McAllen National Bank, McAllen, Texas, a proposed new bank. 2/

Fi rs t New Mexico Financial Corporation, Deming, New Mexico, for approval to acquire 80 percent or more of the voting shares of Deming National Bank, Deming, New Mexico. 2/

Promenade Bancshares, Inc . , Richardson, Texas, for approval to acquire 100 percent of the voting shares of Promenade National Bank, Richardson, Texas. 2/

Delta National Bancorp, Manteca, Cal i forn ia , for approval to acquire 100 percent of the voting shares of successor by merger to Delta National Bank, Manteca, Cal i forn ia. 2/

Independent Bancorp, Lynden, Washington, for approval to acquire 100 percent of the voting shares of Peoples State Bank, Lynden, Washington. 1)

Kings River Bancorp, Reedley, Cal i forn ia , for approval to acquire 100 percent of the voting shares of Kings River State Bank, Reedley, Ca l i fo rn ia . 2!

Landmark Bancorp, La Habra, Cal i fo rn ia , for approval to acquire 100 percent of the voting shares of Landmark Bank, La Habra, Cal i forn ia. 2/

* * * * *


Atlanta C.S.B. Corporation, Marianna, Flor ida, for approval to acquire at least 80 percent of the voting shares of Gadsden State Bank, Chattahoochee, Flor ida. 2/

2/ Application subject to Community Reinvestment Act. The Community A f fa i rs Of f icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1982 No. 40 - 25 -


Atlanta

Atlanta

Chicago

Minneapolis

Kansas City

Dallas

Dal las

Flagship Banks Inc . , Miami, Flor ida, for approval to acquire 1U0 percent of the voting shares of Flagship National Bank of Citrus County, Crystal River, Flor ida, a proposed new bank. 2/

Florida National Banks of Flor ida, Inc. , Jackson-v i l l e , Flor ida, for approval to acquire at least 80 percent of the voting shares of Kings!ey Bank, Orange Park, Flor ida. 2/

Valley Bancorporation, Appleton, Wisconsin, for approval to acquire a l l of the assets of United Bankshares, Inc. , Green Bay, Wisconsin, and ind i rec t ly 100 percent of the voting shares of West Bank and Trust, Green Bay, Wisconsin, East Bank, Green Bay, Wisconsin, and United Bank of Green Bay, Green Bay, Wisconsin. 2/

Dakota Bankshares, Inc . , Fargo, North Dakota, for approval to acquire at least 80 percent of the voting shares of Dakota Bank of Wahpeton9 Wahpeton, North Dakota, a proposed new bank. 2J

Fremont Bancshares, Inc . , Lincoln, Nebraska, for approval to acquire at least 74,000 nonvoting shares of CSB Banco, Inc. , Lincoln, Nebraska and ind i rec t ly Citizens State Bank, Lincoln, Nebraska and Fremont State Bancshares, Inc. , Lincoln, Nebraska for approval to acquire at least 19,500 nonvoting shares of CSB Banco, Inc . , Lincoln, Nebraska and ind i rec t l y Citizens State Bank, Lincoln, Nebraska. 2/

Al l ied Bancshares, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of A l l ied Bank River Bend, Dallais, Texas, a proposed new bank. 2/ \

American Bancorporation, Inc . , Longview, texas, for approval to acquire 100 percent of the voting shares of Texas Bank & Trust in Wichita Fal ls , Wichita Fal ls , Texas. 2j

* * * * *

77 Application subject to Community Revinvestment Act. The Community A f fa i rs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1982 No. 40 - 2 6 -


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

Boston Hospital Trust Corporation, Providence, Rhode Island, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( in the or ig inat ion, sale and servicing of residential and commercial mortgage loans) in Charlotte and Raleigh, North Carolina; At lanta, Georgia and Miami, Flor ida, serving North Carolina, South Carolina, Flor ida, Georgia, V i rg in ia, the D is t r i c t of Columbia, Maryland, Delaware and Pennsylvania, through i t s subsidiary, RIHT Mortgage Corporation (9/29/82)

New York The Bank of New York Company, Inc. , New York, New York, requests permission to establish a de novo o f f i ce engaging in the fol lowing ac t i v i t i e s (performing or carrying on any one or more of the functions or ac t i v i t i es of a f iduc iary , investment advisory, agency or custodian nature, in the manner authorized by Federal law) at 800 Brickel l Avenue, Miami, Flor ida, through i t s subsidiary, The Bank of New York Trust Company of Flor ida, National Association (10/1/82)

New York Barclays Bank PLC and Barclays Bank International Limited, both of London, England, request permission to relocate an o f f i ce of the i r exist ing subsidiaries, BarclaysAmerican/ Financial, Inc. ("BAF"), and BarclaysAmerican/ Retail Services, Inc. ("BARS"), engaging in the fol lowing ac t i v i t i es ( ( i ) making direct consumer loans, including loans secured by real estate, and purchasing sales finance contracts representing extensions of credi t such as would be made or acquired by a consumer finance company, and wholesale financing [ f l oo r planning] and ( i i ) acting as agent for the sale of related credit l i f e , credi t accident and health and credit property insurance, credi t l i f e and credit accident and health insurance sold as agent may be underwritten or reinsured by Barclays-American Corporation1s insurance underwriting subsidiaries) from 4141 South Salina Street, Syracuse, New York to Bayberry Plaza, 7650 Oswego Road, Liverpool, New York, through the i r subsidiaries, BAF and BARS. (9/28/82)


H.2, 1982 No. 40 - 2 7 -


New York Ci t icorp, New York, New York, requests per-mission to expand the ac t i v i t i es of 28 exist ing of f ices (the sale of credi t related property and casualty insurance protecting real and personal property subject to a security agreement with Cit icorp Homeowners, Inc. to the extent permissible under appl i -cable State insurance laws and regulations) at 7260 E. Indian School Rd., Scottsdale; 2077 East Camel back Rd., Phoenix; Tri City Mal l , 1836 West Main Street, Mesa; 143 Valley West Mall, 5719 West Northern Ave., Glendale; 9861 Metro Parkway West, Phoenix; 111 E. Missouri Avenue, Phoenix; Thomas Mall , 4421 A East Thomas Road, Phoenix and Chris Town Shopping Center, 1558 West Montebello, Phoenix, a l l in Arizona; 21707 Hawthorne Boulevard, Torrance; Two City Boulevard East, Orange; 119 North Central Avenue, Glendale; Four Seasons Office Bldg., 4827 Sepulveda Blvd., Sherman Oaks; Financial Plaza Office Bldg., 1661 Hanover, City of Industry; 290 North "D" Street, San Bernardino and 600 City Parkway West, Orange, a l l in Cal i forn ia ; 9550 Regency Square Blvd., Jackson-v i l l e ; 5514 N. Davis Highway, Pensacola; 7261 U.S. 19 North, Pinellas Park; Windmill Gate Shopping C t r . , 16403 N.W. 67th Ave., Miami Lakes; Dale Mabry Executive C t r . , 3725 Grace St . , W., Tampa; Center Pointe Off ice Bldg., 4000 N. State Rd. 7, Fort Lauderdale; Executive Centre, 2300 Palm Beach Lakes Blvd. , West Palm Beach; 1915 North Monroe, Tallahassee and 124 E. Colonial Drive, Orlando, a l l in Flor ida; 12400 1-45 & Greens Rd., Houston; 5501 LBJ Freeway, Dallas; 5360 Fredericksberg Rd., San Antonio and 6620 Harwin Drive, Houston, a l l in Texas, through i t s subsidiary, Cit icorp Home-owners, Inc. , (Delaware) (9/29/82)

New York Ci t icorp, New York, New York, requests permission to expand the ac t i v i t i es of six exist ing of f ices (the sale of credi t related property and casualty insurance protecting real and personal property subject to a security agreement with Cit icorp Person-to-Person T h r i f t , Inc. to the extent permissible under applicable State insurance laws and regulations) at 542 Broadway, Chula Vista; 362 West Mission Ave., Escondido; 4525


H.2, 1982 No. 40 - 28 -


La Jo l la Vi l lage Dr . , San Diego; 434 Fletcher Parkway, El Cajon; 1400 Camino De La Reina, San Diego and 119 North Central Ave., Glen-dale, a l l located in Cal i fo rn ia , through i t s subsidiary, Cit icorp Person-to-Person T h r i f t , Inc. (Domestic) (9/29/82)

New York C i t i corp , New York, New York, requests per-mission to relocate two exist ing o f f ices of i t s subsidiar ies, Cit icorp Person-to-Person Financial Center, Inc . , ("CPFC"), and C i t i -corp Homeowners, Inc . , ("CHI"), (CPFC engages in the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory [ f l o o r planning] and working capi tal purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses; the servic ing, for any person, of loans and other extensions of c red i t ; the making, acquir ing, and servicing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on resident ial or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans) (CHI engages in the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the sale of credi t related l i f e and accident and health or decreasing or level [ i n the case of single payment loans] term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial manage-ment courses; the servic ing, for any person, of loans and other extensions of c red i t ; the making, acquir ing, and servicing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on resident ial or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the


H.3, Ut +o. 40 - 29 -


service area for the o f f i ce of CPFC and CHI dt Che new location w i l l be comprised of the ent i re States of Missouri and Kansas for a l l of the aforementioned a c t i v i t i e s , credi t related l i f e , accident and health insurance may be wr i t ten by Family Guardian L i fe

# Insurance Company, an a f f i l i a t e of CPFC and CHI) from 310 E. 12th Street, Kansas Ci ty , Missouri to 8800 E. 63rd Street, Raytown, Missouri, through i t s subsidiar ies, CPFC and CHI (10/1/82)

New York C i t icorp , New York * New York, requests permission to expand the ac t i v i t i es of f ive exist ing of f ices (the making, acquiring or servicing or consumer loans and other extensions of credi t secured by f i r s t mortgage or f i r s t t rust l iens or de-creasing or level [ i n the case of single payment loans] term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses; the ser-v ic ing, for any person, of loans and other extensions of c red i t ; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t ly related to extensions of mortgage loans, credi t related l i f e , accident, and health insurance may be underwritten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of Ci t icorp Financial, Inc.) at 7720 York Road, Towson, Maryland; 8200 Perry Hall Boulevard, Baltimore, Maryland; 3500 East-West Highway, Hyattsvi1le, Maryland; Harundale Mall , Ritchie Highway and Aquahart Road, Glen Burnie, Maryland and Springf ield Mal l , P.O. Box 789, Spr ingf ie ld, V i rg in ia , through i t s subsidiary, Ci t icorp, Financial , Inc. (10/1/82)

Philadelphia FB&T Corporation, Hanover, Pennsylvania, no t i f i ca t ion of intent to engage in de novo a c t i v i t i e s , ( in consumer finance a c t i v i t i e s , including the extension of d i rect loans to consumers, the discount of re ta i l and installment notes or contracts the extension of d i rect loans to dealers for the financing of inventory [ f l oo r planning]; and acting as agent for the sale of l i f e , accident and health insurance d i rec t l y related to i t s extensions of credi t ) at 38 York Street, Hanover, Pennsylvania, serving the county in which the o f f i ce is located and those portions of contiguous counties in Pennsylvania within a 15-mile radius of the o f f i ce , through i t s sub-sidiary , Hanover Consumer Discount Company (9/29/82)


H.2, 1982 No. 40 - 3 0 -


Richmond

Richmond

Atlanta

Chicago

Equitable Bancorporation, Baltimore, Maryland, no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s (acting as a sales agent o? Travelers Express Company, Inc. , for the sale through the a f f i l i a t e d banks of the holding company of money order drawn on Travelers Express Company, Inc.) at 100 South Charles Street, Baltimore, Maryland (10/1/82)

Union Trust Bancorp, Baltimore, Maryland, no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s (making installment loans to individuals for personal, family or household purposes; purchasing sales finance contracts executed in connection with the sale of personal, family or household goods or services; acting as agent in the sale of credi t l i f e and credi t accident and health insurance d i rec t ly related to i t s extensions of c red i t ; acting as agent in the sale of insurance protecting co l la tera l held against the extensions of c red i t ; and making second mortgage loans secured in whole or in part by mortgages or other l iens on real estate) at 708 North Edgewood Avenue, Jacksonvil le, Flor ida, through i t s subsidiary, Landmark Financial Services, Inc. (9/29/82)

F i rs t Railroad & Banking Company, Augusta, Georiga, no t i f i ca t ion of intent to engage in de novo a c t i v i t i e s (making consumer installment loans secured by note, household goods, and f i r s t or second mortgages on real estate up to $15,000; purchasing installment sales contracts up to $3,500; underwriting credi t l i f e and accident and health insurance; and se l l ing as agent property insurance in connection with i t s loan and installment sales contracts) in Waynesville, North Carolina, covering a service area encom-passing Haywood County, through i t s subsidiary CMC Group. Inc. (9/22/,82)

Valley Bancorporation, Appleton, Wisconsin, for approval to acquire Uniban Services, Inc . , Green Bay, Wisconsin, a wholly-owned sub-sidiary of United Bankshares, Inc . , that engages in the leasing of personal property.


H.2, 1982 No. 40 - 3 1 -

APPLICATIONS RECEIVED r Continued

Kansas City

Dal las

Valley Falls Insurance, Inc. , Valley Fal ls , Kansas, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (engaging in consumer finance a c t i v i t i e s , including the extension of d i rect loans to consumers in accordance with the Board's Regulation Y) at 406 Broadway, Valley Fal ls , Kansas, serving the community of Valley Fal ls , Kansas (9/28/82)

Nasher Financial Corporation, Dallas, Texas, no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s (making or acquiring, for i t s own account or for the account of others, loans and other extensions of credit ( including issuing le t te rs of credi t and accepting draf ts) such as would be made by a bank or bank related f inancial i ns t i t u t i on pursuant to Sections 225.4 (b)(1), of Regulation Y and 4(c)(8) of the Bank Holding Company Act; spec i f i ca l l y , NorthPark National Cor-poration w i l l concentrate i t s lending ac t i v i t i e s toward commercial and industr ia l concerns in i t s service area, including manufacturing, r e t a i l , wholesale, energy, real estate and service type industr ies) at 1300 NorthPark Center, Dallas, Texas, serving the Dallas/ Fort Worth Metroplex area, consisting of Dallas, Tarrant, Co l l in , Denton, E l l i s , Rock-wall and Kaufman Counties, through i t s sub-s id ia ry , Northpark National Corporation (9/28/82)

San Franci sco

San Francisco

BankAmerica Corporation, San Francisco, Cal i forn ia , no t i f i ca t ion of intent to expand the de novo ac t i v i t i e s (to include a l l functions or act iv -i t i e s that may be performed or carried on by a t rus t company pursuant to Section 225.4(a)(4) of Regulation Y) at 65 Broadway, New York, New York, serving the United States, through i t s subsidiary, BankAmerica Securities Services Company of New York (A Limited Purpose Trust Company) (9/28/82)

F i rs t Interstate Bancorp, Los Angeles, Cal i forn ia, no t i f i ca t ion of intent to expand de novo ac t i v i t i es ( in the ac t i v i t y of act ing, as re-insurer for credi t l i f e insurance which is d i rec t l y related to extensions of credi t by the Bank Holding Company System; such expanded ac t i v i t y w i l l be performed by F i rs t Interstate


I

H.2, 1982 No. 40 - 32 -


Life Insurance Company 1n the State of Nevada, such activit ies have been specified by the Board in Section 225.4(a)(10) of Regulation Y) (9/24/82)

REPORTS RECEIVED

None.

PETITIONS FOR RULEMAKING

None.

i


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