h2_19831029.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM H.P, 1983 No. 43

Actions of the Board; Applications and Reports

Received During the Week Ending October 29, 1983

APPLICABLE PF<FRVF BANK ACTIONS OF THE BOARD

Boston

f ew York

Philadelphia

Richmond

<!\*fH»ent hy Governor J. Charles Partee, before the Subcommittee on Financial I n s t i t u t i o n s , Supervision, Regulation and Insurance of the House Hanking Comriftee to give the views of the Federal Reserve Poard on proposals to permit the payment of in terest i r demand deposits.

Regulation L, Interlocking Bank Relat ionships, the Federal Reserve Board announced that the e f f e c t i v e date of amendments to i ts Regulation L approved in Accost wi l l be November 30, 1983.

Fee schedules for the check c o l l e c t i o n services of the Federal Reserve Banks in 1984, e f f e c t i v e December 1 , 1983.

USTrust/Charlesbank, Cambridge, Massachusetts, proposal to acquire the assets and assume the deposit l i a b i l i t i e s of the Woburn, Massachusetts o f f i c e of the United States Trust Company, Boston, Massachusetts; report to the Federal Deposit Insurance Corporation on competitive factors. 2 /

American National Bank, Morristown, New Jersey, pro-posed merger wi th Northeastern Bank, Paterson, New Jersey; report to the Comptrol1er of the Currency on compet i t ive f ac to rs . ] /

Orrstown Bank, Orrstown, Pennsylvania, an addi t ional investment in hank premises. V

West-Central Bancorp, Inc. , Spencer, West Virginia, extension of time to November 24, 1983, within which to become a bank holding company through the acquisition of First National Bank of Spencer, Spencer, West Virginia . 1/

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

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

H.2, 19P?No. 4? - 2 -

ACTIONS OF THE BOARD - Continued

Richmond

î chmond

Richmond

At!anta

Atlanta

Atlanta

hicaqo

F i r s t American Bank of V i r g i n i a , McLean, V i r g i n i a , proposed merger with The F i r s t National Bank of Lexington; The Peoples National Bank of Leesburg; Shenandoah Valley National Bank, Winchester; and Valley National Bank, Harrisonburg, V i r g i n i a ; report to the Federal Deposit Insurance Corporation on competi t ive fac to rs . ] /

Rockingham National Bank, Bridgewater, V i rg in ia , proposed merger wi th The Farmers Bank of Edinburg, I nc . , Edinburg, and The Commercial and Savings Bank, Winchester, V i rg i n i a ; report to the Comptroller of the Currency on competit ive fac to rs . J /

Ci t izens National Bank of Martinsburg, Martinsburg, West V i r g i n i a , proposed merger wi th CNB Bank, National Associat ion, Martinsburg, West V i rg in ia ; report to the Comptroller of the Currency on competi t ive fac to rs . ] /

Sun Banks of F lo r ida , I n c . , Orlando, F lo r ida , (1) extension of time to December 24, 1983, w i th in which to acquire the Mil 1sboro Bank, Plant C i t y , F lo r ida ; and (2) extension of time to February 20, 19fM, w i th in which to acquire Port Charlotte Bank and Trust Company, Port Char lo t te , F lo r ida . 2 /

A l b e r t v i l l e National Bank, A l b e r t v i l l e , Alabama, pro-posed merger wi th New A l b e r t v i l l e National Bank, A l b e r t v i l l e , Alabama; report to the Comptroller of the Currency on competi t ive fac to rs . ]_/

A t l an t i c National Bank of F lo r ida , Jacksonvi l le , F lo r ida , proposed merger with Bank of Green Cove Springs, Green Cove Springs, F lo r ida ; report to the Comptroller of the Currency on competi t ive f ac to rs . ]_/

PSB State Bank, Pontiac, Michigan, proposal to con-so l idate with Pontiac State Bank, Pontiac Michigan, under the charter of PSB State Bank and t i t l e of Pontiac State Bank; report to the Federal Deposit Insurance Corporation on competit ive fac to rs . 1/

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


H.2, 1983 No. 43 - 3 -


Chicago State Banco, L t d . , S p i r i t Lake, Iowa, extension of time to January 20, 1984, 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 The State Rank, S p i r i t Lake, Iowa. ]_/

Chicago FORT MADISON FINANCIAL COMPANY, Fort Madison, Iowa, extension of time to January 23, 1984, w i th in which to become a bank holding company through the acqu is i t i on of 80 percent or more of the vot ing shares of Iowa State Bank, Fort Madison, Iowa. ] /

Chicago Ames National Corporation, Ames, Iowa, extension of time to November 28, 1983, w i th in which to acquire 95 percent of the vot ing shares of State Bank & Trust Co., Nevada, Iowa. V

St . Louis Carmi Bancshares, I n c . , Carmi, I l l i n o i s , extension of time to December 31, 1983, w i th in which to become a bank holding company through the acqu is i t ion of the successor by merger to the F i r s t National Bank of Carmi, Carmi, I l l i n o i s . J_/

St . Louis Bank of St. Louis, St . Louis, Missour i , proposed merger wi th Northwestern Bank & Trust Company, S t . Louis, Missour i ; report to the Federal Deposit Insurance Corporation on competi t ive fac to rs . ]_/

St . Louis Mercant i le Bancorporation I nc . , S t . Louis, Missouri , extension of time to December 1, 1983, w i th in which to acquire and open Clayton Mercanti le National Bank, Clayton, Missour i , a proposed new bank. ]_/

St . Louis Libsab Bancorp, I nc . , Mayf ie ld, Kentucky, extension of time to December 15, 1983, w i th in which to become a bank holding company through the acqu is i t ion of the successor by merger to L iber ty Savings Bank, Mayf ie ld , Kentucky. ]_/

Kansas City Ci t izens State Bank and Trust Co., E l lswor th, Kansas, an investment in bank premises. ]_/

Kansas City United Missouri Ci ty Bank, Kansas C i t y , Missour i , proposal to merge wi th United Missouri Bank of Blue Val ley, Kansas C i t y , and United Missouri Bank of Blue Springs, Blue Springs, Missour i ; report to the Federal Deposit Insurance Corporation on competi t ive fac to rs .

]_/ Apêgatecf au%or i%y^ o n b e h a 1 f o f t h e Board of Governors under


H.2, 1983 No. 43 - 4 -

ACTIONS OF THF BOARD - Continued

FirstPank Holding Company of Colorado, Lakewood, Colorado, extension of time to January 25, 1984, w i t h i n which to acquire FirstBank of County Line Road/Holly, N.A., Arapahoe County, Colorado. ]_/

Expressway Bank, Oklahoma C i t y , Oklahoma, extension of time to February 11, 1984, w i th in which to accomplish membership in the Federal Reserve System. J /

F i r s t National Bank of Commerce, Commerce, Texas, proposed merger with New F i r s t National Bank, Commerce, Texas; report to the Comptroller of the Currency on competi t ive f ac to rs . V

Texas Gulf Coast Bancshares, Inc. , Bay C i t y , Texas, extension of time to February 3, 1984, within which to acquire Bay City Bank & Trust Co., Bay C i t y , Texas. 2 /

Texas East BanCorp, I n c . , Jacksonv i l le , Texas, extension of time to January 24, 1984, w i th in which to acquire The F i r s t National Bank of Jacksonv i l le , Jacksonv i l le , Texas. V

F i r s t In te rs ta te Bank o f C a l i f o r n i a , Los Angeles, C a l i f o r n i a , extension of time to October 26, 1984, w i t h i n which to establish a branch o f f i c e in the v i c i n i t y of the in te rsec t ion of Diamond Bar Boulevard and Grand Avenue in the unincorporated community of Diamond Bar, Los Angeles County, C a l i f o r n i a . 1/

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

Kansas Ci ty

Kansas City

I s

a* !oS

Dai las

San Francisco



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

Approved %Kfr'Or*i Central F idel i ty Rank, Norfolk, V i r g i n i a , to merge

with Rappahannock Savings and Loan Associat ion, Federickshurg, Virginia, upon i t s conversion to a state hank. 1/

Atlanta Copies Hank and Trust Company, Seima, Alabama, to mernp wi th Greenville Pank, Greenv i l le , Alabama. 1/

* * * * *

%r Establish a Domestic Branch Pursuant to Sectkm^ of the Federal Reserve Act

Approved f Spriryfield Marine Bank, Sp r ing f i e ld , I l l i n o i s , to

establish an FFT at ?115 South MacArthur, Sp r ing f i e ld , 11)inois. 1/

* * * * *

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

Not Disapproved Minneapolis Belf ield Bancshares, Inc . , B e l f i e l d , North Dakota. ]_/

KantfS T t i y Country Ki l ls Bancshares, Inc . , Lenexa, Kansas. ]^/

"1. inuT: Vernon Bancorp., Inc . , Mt. Vernon, I l l i n o i s . 2 /

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


K ? . j? - 6 -

ACT:* THF BQApp - Continued

?o ^cnrp a Kprher of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act

Approved kMlace lpNf Pennsylvania Independent Bank, Harrishurg, Pennsylvania. 2 /

Rappahannock Rank, Fredericksburg, V i r g i n i a . ^ /

St. Wuis KicAnenca Hank and Trust Company of Lebanon, Lebanon, I I Hnois. 2 /

St . ^ MWAmenca Bank and Trust Company of Mascoutah, Mascoutah, 111inois. 2 /

Cuyamaca Hank, Santee, Cal i fornia. J /

* * * * *

Applications and Notification for International Investments and Other Actions Pursuant to Sections ?5 and 25(a)

M ihe federal ^serve Act and Sections 4 (c ) (9 ) , 4(c)(13) and 4(c)(14) of The Kank Molding Company Act of 1956, as amended

Approved Hfve land United Medwest Pancshares, Inc . , Cincinnati, Ohio, to

acquire a SO percent interest in United Midwest International Corporation, Cincinnati, Ohio, an export trading company.

* * * * *

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

Withdrawn Atlanta First State Financial Corporation, Carrollton,

Alabama, for approval to acquire at least 80 percent of the voting shares of F i r s t State Bank of Carrol 1 ton, Carrol 1 ton, Alabama.

] ] Appl icat ion processed on behalf of the Board of Governors under delegated authority.


H.2, 1983 No. 43 - 7 -


St . Louis West-Tenn Bancorp., Inc. , Covington, Tennessee, for approval to acquire 100 percent of the voting shares of the successor by merger to Tipton County Bank, Covington, Tennessee. 1/

Boston

Cleveland

Cleveland

Richmond

Atlanta

Atlanta

Approved Amoskeag Bank Shares, Inc . , Manchester, New Hampshire,

for approval to acquire 100 percent of the vot ing shares of Amoskeag Savings Bank, Manchester, New Hampshire and 42,2 percent of the shares of Amoskeag National Bank and Trust Co., Manchester, New Hampshire.

NABANCO, Inc. , Lancaster, Kentucky, for approval to acquire at least 80 percent of the voting shares of The National Bank of Lancaster, Lancaster, Kentucky. ]_/

Oberlin Rancshares, Inc. , Oberlin, Ohio, for approval to acquire 100 percent of the voting shares of The Oberlin Savings Bank Company, Oberlin, Ohio. V

First Bancorp of Wayne, Inc. , Sprague, West Virginia, for approval to acquire 100 percent of the voting shares of First National Bank of Kenova, Kenova, West Virginia. ]_/

Co l l i e r Bank Corporation, Naples, F lo r ida , fo r approval to acquire at least 80 percent of the vot ing shares of Coll ier Bank, Naples, Florida. ] /

First of Homestead, Inc. , Homestead, Florida, for approval to acquire at least 80 percent of the voting shares of The First National Bank of Homestead, Homestead, Florida. 1/

Chicago American State Bancorporation, Inc. , Kenosha, Wisconsin, for approval to acquire 80 percent of more of the vot ing shares of American State Bank, Kenosha, Wisconsin. 1/

Chicago F i r s t National Bancorp, Inc . , Monroe, Wisconsin, for approval to acquire 100 percent of the vot ing shares ( less d i r ec to r s ' qua l i f y ing shares) of the successor by merger to The F i r s t National Bank of Monroe, Monroe, Wisconsin. 1/

T7 Appl icat ion processed on behalf of the Board of Governors under ~~ delegated authority.


H.?, 1983 No. 43 - 8 -


St . Louis Bancshares of Eastern Arkansas, I nc . , Forrest C i t y , Arkansas, for approval to acquire at least 80 percent of the vot ing shares of F i r s t National Bank of Eastern Arkansas, Forrest C i t y , Arkansas. ]_/

St. Louis CNB Bancshares, I nc . , Evansvi l le , Indiana, for approval to acquire 100 percent of the vot ing shares of Ci t izens National Bank of Evansvi l le , Evansv i l le , Indiana. V

St. Louis F i r s t Bancorp of Sp r ing f i e ld , I n c . , Sp r ing f i e ld , Kentucky, for approval to acquire 100 percent of the vot ing shares of F i r s t & Peoples Bank, Spring-f i e l d , Kentucky. ]_/

St . Louis Jackson Financial Corporat ion, Mayf ield, Kentucky, fo r approval to acquire 96 percent of the vot ing shares of The F i r s t National Bank of Mayf ie ld, Mayf ie ld, Kentucky. ]_/

St. Louis M & F Financial Corporat ion, Dumas, Arkansas, for approval to acquire at least 80 percent of the vot ing shares of Merchants and Farmers Bank, Dumas, Arkansas. V

St. Louis Pleasant Hope Bancshares, I n c . , Pleasant Hope, Missour i , for approval to acquire at least 80 percent of the vot ing shares of The Pleasant Hope Bank, Pleasant Hope, Missour i . J_/

Minneapolis Security Bank Shares, I nc . , Iron River, Wisconsin, for approval to acquire at least 94 percent of the vot ing shares of Security State Bank of Port Wing, Port Wing, Wisconsin. V

Minneapolis Western Bancshares, I n c . , B i l l i n g s , Montana, for approval to acquire 99.78 percent of the vot ing shares of Western Bank of B i l l i n g s , B i l l i n g s , Montana. ]_/

Kansas City Beaver Bancorp, I n c . , Beaver, Oklahoma, for approval to acquire at least 80 percent of the vot ing shares of Beaver Bancshares, I nc . , Beaver, Oklahoma, and i n d i r e c t l y The Bank of Beaver C i t y , Beaver, Oklahoma, _]_/

Kansas City F i r s t National Bancshares of Madison, I nc . , Madison, Kansas, fo r approval to acquire at least 80.8 percent of the vot ing shares of The F i r s t National Bank of Madison, Madison, Kansas. ]_/

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


H.?, 1983 No. 43 - 9 -


Kansas Ci ty

Delias

Hal las

Da Mas

Dallas

San Francisco

Marshal 1 Bancshares, I n c . , Marshal l , Oklahoma, fo r approval to acquire at least 80 percent of the vot ing shares of Bank of Marshal 1, Marshal l , Oklahoma, V

AmericanBanc Corporat ion, Piano, Texas, for approval to acquire at least 80 percent of the vot ing shares of American National Bank of Piano, Piano, Texas. ]_/

F i r s t Texas Holding Company, Winnsboro, Texas, for approval to acquire at least 80 percent of the vot ing shares of Winnsboro Bank and Trust , Winnsboro, Texas. ]_/

LBT Corporat ion, Shreveport, Louisiana, for approval to acquire at least 80 percent of the vot ing shares of Louisiana Bank & Trust Company, Shreveport, Louisiana. ] /

Texas Valley Bancshares, I n c . , Weslaco, Texas, fo r approval to acquire 100 percent of the vot ing shares of The F i r s t National Bank of Weslaco, Weslaco, Texas; The Cit izens State Bank, Donna, Texas; The Hidalgo County Bank and Trust Company, Mercedes, Texas; and National Bank of Commerce, Edinburg, Texas. ]_/

Ubanco, I n c . , Tacoma, Washington, for approval to acquire 100 percent of the vot ing shares of The Union Bank, Tacoma, Washington. 1/

* * * * *

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

Withdrawn Kansas Ci ty Metro Bank Corp., Denver, Colorado, for approval to

acquire at least 99 percent of the vot ing shares of Metro National Bank-Tech Center, Denver, Colorado, (Englewood P. 0. Box).

Approved Cleveland Pennbancorp, T i t u s v i l l e , Pennsylvania, for approval

to acquire 100 percent of the vot ing shares of Security-Peoples Trust Company, Er ie , Pennsylvania. 1/

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


H.Z, 1983 No. 43 - 1 0 -

ACTIOMS OF THE BOARD - Continued

Chicago

TMr aqo

Imns

( IT )

Firstbank of I l l i no is Co., Springfield, I l l i n o i s , for approval to acquire 100 percent of the vot ing shares Mess directors' qualifying shares) of the successor by merger to Land of Lincoln Bank, Springfield, I I I inois. V

Marine Bancorp, Inc.* Springfield, I l l i n o i s , for approval to acquire 100 percent of the voting shares (less directors' qualifying shares) of the successor by merger to American State Bank of Bloomington, I l l i n o i s , Bloomington, I l l i n o i s . V

Monmouth Financial Services, Inc . , Minneapolis, Minnesota, for approval to acquire 100 percent of the voting shares of The First State Bank of L i t t l e York, L i t t l e York, I l l i n o i s .

Sfhmid Brothers Investment Company, Inc. , Clayton, Missouri and Financial Bancshares, Inc. , Sunset M i l s , Missouri, for approval to acquire at least

percent of the voting shares of Tri-County Pant, Morehouse, Missouri. 2 /

<outhsioe Bancshares Corp,, St. Louis, Missouri, for approval to acquire at least 80 percent of the voting shares of State Bank of DeSoto, OeSoto, * i « o u r i . ]y

Bancshares, Inc. , McAlester, Oklahoma, for approval to acquire at least 12 percent of the vot ing shares and 11 shares of the preferred stock of Wilburton State Bancshares, Inc. , Wilburton, Oklahoma, and indirectly Wilburton State Bank, Wilburton, Oklahoma. ] /

Fast-Tex tancorp, Inc . , T r in i ty , Texas, for approval 10 acquire at least 30 percent of the vot ing shares of M r s t national Bank of Cleveland, Cleveland, Texas, a proposed new bank.

uh| i c N n i Corporation, Dallas, Texas, fo r approval n loo percent of the voting shares (less directors' qualifying shares) of RepublicBank First National Midland, Midland, Texas, a proposed new bank. 1/

* * * * *

^Ppl icaMor ;mcfssed on behalf of the Board of Governors under te lega led author


f a? ~ 1 1 .

ACTIONS OF THE BOARn - Continued

êtî* ronk <har<*s Acquired in a Fiduciary Capacity to Section 3 of the Bank Holding Company Act

of

Approved At l fM Trust Company of Georgia, Atlanta, Georgia and

Trust Company Bank, Atlanta. Georgia, to retain a . f percent of the outstanding voting shares of n t i f f f i t Bank of Toccoa, Toccoa, Georgia. V

* * * * *

"r f a Pank Golfing Company Pursuant to Section of the Bank Holding Company of 1956

Approved Rankers Trust new York Corporation, New York,

Mew York, for approval to engage through i ts subsidiary* B. T. Futures Corp.* New York, New York* execution and clearance of options in certain futures contracts on major commodity exchanges; U. S. government securities and bullion on certain commodity exchanges.

Southeast Banking Corporation, Miami, Florida, for approval to engage de novo, through i ts wholly owned subsidiary, Southeast Mortgage Company, Miami, Florida in the act iv i ty of arranging equity financing.

Chemical Financial Corporation, Midland, Michigan, for approval to acquire at least 25 percent of the voting shares of Information Technology Services Corporation, Sturgis, Michigan. 2 /

N & F Financial Corporation, Dumas, Arkansas, for approval to engage in real estate appraisals. 2 /

Crocker National Corporation, San Francisco, California; Midland Rank p i c , London, England; and Midland California Holdings Limited, London, England, for approval to engage in the nonbanking act ivi ty of arranging equity financing for income-producing real property

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

11 'f t

A? i aM f

Cr»c

St. louis


H.2, lap? A? - 1 2 -

ACTIONS OF THE PHARn - Continued

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

es tab l ish two de novo o f f i c e s , C i t i co rp Financial Services Corporation proposes to engage in the fo l lowing a c t i v i t i e s ( the making or acquir ing of or unsecured, for consumer and other purposes; loans and other extensions of c r e d i t , secured unsecured, for consumer and other purposes; the the sale of c red i t re lated l i f e and accident and health insurance by l icensed agents or brokers, as required; the issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; the sale at r e t a i l of money orders, t rave le rs checks, and consumer or iented f inanc ia l management courses; the se rv i c ing , fo r any person, of loans and other extensions of c r e d i t ; the making, acqu i r ing, and se rv i c ing , fo r i t s own account and for the account of o thers , of extensions of c red i t to ind iv idua ls secured by l i ens on res ident ia l or non-res ident ia l real es ta te ; and 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 la ted to extensions of mortgage loans); C i t i co rp Mortgage Corporation proposes to engage in the fo l lowing a c t i v i t i e s ( the making or acquir ing of 1oans 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 re lated l i f e and accident and health insurance by 1icensed agents or brokers, as required the sale of consumer or iented f inanc ia l manage-ment courses; the serv ic ing for any person, of loans and other extensions of c r e d i t ; the making, acqu i r ing , and serv ic ing , for i t s own account and for the account of o thers , of extensions of c red i t to ind iv idua ls secured by 1iens on res ident ia l or non-res ident ia l real es ta te ; and the sale of mort-gage 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 related to extensions of mortgage loans) at 2060 Richmond Road, Lexington, Kentucky and Plainview Vi l lage Center, 9944 Linn Stat ion Road, L o u i s v i l l e , Kentucky, through i t s subs id ia r ies , C i t i corp Financial Services Corporation and C i t i corp Mort-gage Corporation (10/28/83) 3/

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


H.2, 1983 No. 43 - 1 3 -


New York C i t i c o r p , New York, New York, requests permission to es tab l i sh two de novo o f f i c e s , C i t i co rp F i -nancial Services Corporat ion, 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 sale o f c red i t re lated l i f e and accident and health insurance by l icensed agents or brokers, as required; the issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; the sale at r e t a i l of money orders , t rave le rs checks, and consumer or iented f inanc ia l management courses; the se rv i c ing , fo r any person, of 1oans and other extensions of c r e d i t ; the making, acquir ing and serv ic ing , fo r i t s own account and for the account of o thers , of extensions of c red i t to ind iv idua ls secured by l iens on res ident ia l or non-res ident ia l real es ta te ; and 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); C i t i co rp Homeowners, Inc . proposes to engage 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, for consumer and other purposes; the sale of c red i t re lated l i f e and accident and health insurance by l icensed agents or brokers, as required; the sale of consumer or iented f i -nancial management courses; the serv ic ing , for any person, of loans and other extensions of c r e d i t ; the making, acqu i r ing , and serv ic ing , fo r i t s own account and fo r the account of o thers, of extensions of c red i t to ind iv idua ls secured by 1iens on res ident ia l or non-resident ia l real es ta te ; and the sale o f mortgage l i f e and mortgage d i sab i1 i t y insurance d i r e c t l y re lated to extensions of mortgage loans) at 206? N. Ga l la t in Road, Madison, Tennessee; 28 White Bridge Road, Nash-v i l l e , Tennessee; 1213 Park, Place Center, Memphis, Tennessee and the Plaza at Downtown West, 8078 Kingston Pike, Knoxv i l le , Tennessee, through i t s subs id ia r ies , C i t i co rp Homeowners, Inc. and C i t i corp Financial Services Corporation (10/28/83) 3/

3/ 4 (c ) (8 ) not i f icat ion processed by Reserve Bank on behalf of the ~~ Board of Governors under delegated a u t h o r i t y .


. 2 , 19P3 NO. A3 - 1 4 -

ACTIONS OF THE BOAPH - Continued

St. Louis West Tennessee Bancshares, I n c . , B a r t l e t t , Tennessee, n o t i f i c a t i o n of in tent to engage i n de novo a c t i v i t i e s ( i n the a c t i v i t i e s of o r i g i na t i ng and processing FHA, VA and Conventional mortgage loans) at 2951 Elmore Park Poad, B a r t l e t t , Tennessee, through a whol ly-owned subs id iary , B a r t l e t t Mortgage, Inc. (10/27/83) 2 /

Permitted New York C i t i c o r p , 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 ( 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 for the f inanc-ing of inventory ( f l o o r planning) and working cap i ta l purposes; the purchasing and serv ic ing for i t s own account of sales finance cont racts ; the sale of c red i t re lated l i f e and accident and health insurance by l icensed agents or brokers, as required; the making of loans to ind iv idua ls and businesses secured by a l i e n on 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; and the se rv i c ing , fo r any person, of loans and other extensions of c r e d i t ) at Two Green Tree Centre, Suite 321, Mar l ton, New Jersey, through i t s subs id iary , C i t i co rp Acceptance Company, Inc . (10/27/83) 3/

New York C i t i c o r p , 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 ( 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 sale of c red i t re lated l i f e and accident and health insurance by l icensed agents or brokers, as required; the sale of consumer or iented f i -nancial management courses; the serv ic ing , for any person, of loans and other extensions of c r e d i t ; the making, acqu i r ing , and serv ic ing , for i t s own account and for the account of o thers , o f extensions of c red i t to ind iv idua ls secured

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 delegated au tho r i t y .


- 1 5 -

: Xyf.S OF THF HOARD - Continued

' \ l i f n i nn res iden t ia l nr non-rr r i den f i a l real fhp sale of nortgago ! i f e r»nj rx^rti.dgp

•• - v.is • 11" r y insurance directly related to exten-. ,+ nnfU,rUr lnar*S' 40 Xên Screed,

Massachusetts, throu:^ i s i , h -i îticr.r; rcmeowner^, Ir.r, Ci-icorp , i ,_ f / . v.rcn* TI' :nr;a1 r+n;. ^ ir., . ; ' 3 ' ?'

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:', " ' ,, <: 6 ^ :* ' ' rr . ^ , IT " - ,»

- ' i» , 'fr.;* r r ; ' " . , ' r ' u<;; : hr : ,, f t /. rr , r . ] ^ " I r

- ' - " "r'~ -r . «] Lr i. -r rrk. ( rs , J" rA, >;!» i r

' rix 1^(2^*] a n c t f , - , "_r dhj person, of ; i.crs ana

, , r o* c r e o i t ; the :'d- i ru , ocquir-- . r r . i c i n g , for i t s Own a C i . i , - m d for

.r.-- n- , tnt*rs, or extensions ur c red i t to : \* iv?:ugls secured by liens on res ident ia l or ^^-res ident ia l real estate; and the sale of rrrrgage l i f e and mortgage disabi l i ty insurance direct ly related to extensions of mortgage loans) ct 36?1 Veterans Memorial Boulevard, Metairie, Louisiana, through i ts subsidiaries, Citicorp Person-to-Person Financial Center, Inc. and Citicorp Homeowfers, Inc. (10/27/83) 2 /

%w York Cit icorp, New York, New York, requests permission to expand the service area of an existing o f f i c e and to re locate that 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, for consumer and other purposes; the extension of loans to dealers for the financing of inventory ( f l o o r planning) and working cap i ta l purposes; the purchas-ing and serv ic ing for i t s own account of sales finance con t rac ts ; the sale of credit re lated l i f e and acci -dent and heal th insurance by licensed agents or brokers, as required; the sale of c red i t re lated property and casualty insurance protect ing real

3/ 4(c) (^) not i f icat ion processed by Reserve Bank on behalf of the Hoard of Governors under delegated authority.


— 15 —

OF IMF BOARD - Continued

*,erson,tI property subject to a security agree-w#tn rAC, and to the extent permissible under

State insurance laws and regulations; IN* of loans to individuals and businesses etufe%i by * Hen on mobile homes* modular units r manufactured housing, together with ^ :ertv wMch such housing is or

** ^^raênt! ) a f f ixed, such property being / s . n t ) r r Tr^ loans; anu the se rv i c ing ,

' ; t f < ^ n , of loans and other extensions of + $ i : r (Jut i nanningway P Ivd . , Suite 205,

;f, u tu . Corporate Exchange Dr ive, i ^ r t h e service area fo r the sale

* r& iated i r ope r t y and casualty insurance n - U * t "e %:%pan%ied, through i t s subs id ia ry ,

^^c^^tance Corpany, Inc . (10/28/83) 3/

' » ' ranover Corporation, New York, New * r#i. permission to establish a de novo ? ? In the following act iv i t ies < f sun<' finance including, but not l im i ted t o ,

e*tenssor of direct loans, secured or unsecured, to consumers, tne purchase of sales finance con t rac ts , IN- ir-akiru: and acquiring of commercial loans; ser-v i c ing such loans and other extensions of credi t ; and acting as egent or broker for the sale of single and jo int credit l i f e insurance and decreasing or level term Tin the case of single payment loans] credit l i f e insurance d i r e c t l y related to extensions of credit made or acquired by Manufacturers Hanover Financial Services of Texas, Inc.) at 1P750 Merit Drive* Dallas, Texas, through i ts subsidiary, Manufacturers Hanover Financial Services o f Texas, Inc. (10/23/83) 3/

f*& York Manufacturers Hanover Corporation, New York, New York, requests permission to establish a de novo of f ice engaging in the following a c t i v i t i e s (consumer finance including, but not l im i t ed to , the extension of direct loans, secured or unsecured, to consumers and the purchase of sales finance contracts; servic-ing such loans and other extensions of credi t ; and acting as agent or broker for the sale of

3 / ^ 4 f ( X * ) not i f ;cat ion processed by Reserve Bank on behalf of the Hoard of Governors under delegated authority.


H.2, 1903 No. 43 - 1 7 -


s ingle and j o i n t c red i t l i f e insurance and decreasing or level term ( i n the case of s ingle payment loans) c red i t l i f e insurance d i r e c t l y related to extensions of c red i t made or acquired by Manufacturers Hanover Financial Services of Minnesota, Inc.) at 3600 West 80th St reet , Bloomington* Minnesota, through i t s subsid iary , Manufacturers Hanover Financial Services of Minnesota, Inc. (10/28/83) 3/

New National Westminster Bank p ic , London, England and NatWest Holdings Inc . , New York, New York, request permission to establ ish a de novo o f f i ce engaging in the fo l lowing a c t i v i t i e s (servic ing of the factor ing needs of major users of f inancia l services; the pr inc ipa l functions of the Los -ngcles o f f i c e w i l l he to market to potent ial c l i e n t s , perform cred i t checking services for noth east coast and west coast c l i en te le and assist in the debt co l lec t ion process from local customers) in Los Angeles, Ca l i fo rn ia , tnrougb the i r subsid iary, NatWest Commercial Services, Inc. (10/27/83) 3/

Philadelphia Northeastern Bancorp, Inc . , Scranton, Pennsylvania, 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 consumer and secondary mortgage finance a c t i v i t i e s , including the extension of d i rec t loans to consumers, the discount of r e ta i l and instal lment notes or contracts, the purchase of recreat ional l o t notes and working capi ta l purposes) these a c t i v i t i e s would be conducted in the Commonwealth of Pennsylvania, through i t s subsid iary, Regency Consumer Discount Company, Inc . (10/29/83) 3/

Cleveland PNC Financial Corp, Pi t tsburgh, Pennsylvania, no t i -f i ca t i on of intent to engage in de novo a c t i v i t i e s (making or acquir ing and servic ing for i t s own account and/or the account of others, loans and other extensions of c red i t ) at 9001 Edmonston Road, Greenbelt, Maryland, through i t s subsidiary, The Kissel 1 Company (10/29/83) 2 /

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


F.?, 1983 No. 43 - 18 —


Cleveland PNC Financial Corp, P i t tsburgh, Pennsylvania, 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 and serv ic ing for i t s own account and/or the account of o thers, loans and other extensions of c r e d i t ) at Montgomery Executive Center - Third F loor , 6 Montgomery V i l lage Avenue, Gaithersburg, Maryland, through i t s subsid iary, The Kissel 1 Company (10/29/83) 3/

Richmond Central F i d e l i t y Banks, I nc . , Richmond, V i rg i 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 (the sale as agent or broker with respect to the fo l lowing types of insurance re-lated t o , or a r i s ing out o f , loans made or c red i t t ransact ions involv ing c red i t grant ing subsid iar ies of Central F i d e l i t y Banks, I nc . ; c red i t l i f e insurance, c red i t d i s a b i l i t y insurance and c red i t accident and health insurance; physical damage insurance on mobile homes, motor homes or s im i la r vehic les; vendors s ingle in te res t physical damage insurance on motor veh ic les, boats, t r a i l e r s and other kinds of personal property or attachments used in connection therewi th ; and mortgage redemption insurance) in Fredericksburg, V i r g i n i a , through i t s subsid iary , Central F i d e l i t y Insurance Agency, Inc. (10/26/83) 2 /

Richmond fCNB Corporation, Char lo t te , North Carol ina, n o t i -f i c a t i o n of in tent to relocate an o f f i c e engag-ing therefrom in the fo l lowing a c t i v i t i e s (making d i rec t loans for consumer and other purposes; pur-chasing r e t a i l instal lment notes and contracts; se l l i ng at r e t a i l money orders having a face value of not more than $1,000; and act ing as agent for the sale of c red i t l i f e , c red i t accident and health and physical damage insurance d i r e c t l y re-lated to i t s extensions of c red i t through i t s subs id iary , TranSouth Financial Corporation of F lo r ida ; and making d i rec t loans for consumer and other purposes under the general usury s ta tu tes ; purchasing r e t a i l insta l lment notes and contracts; making d i rec t loans to dealers fo r the f inancing of inventory ( f l oo r planning) and working cap i ta l purposes; and act ing as agent fo r the sale of c red i t

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 au tho r i t y .


H.2, 1983 No. 43 - 1 9 -


l i f e , c red i t accident and health and physical damage insurance d i r e c t l y re lated to i t s ex-tensions of c red i t through i t s subs id ia ry , TranSouth Mortgage Corporation of F lor ida) from 608 Ju l i a S t ree t , Jacksonv i l le , F lor ida to 2415 Blanding Boulevard, Jacksonv i l le , F lo r ida , through i t s subs id ia ry , TranSouth Financial Corporation of F lor ida and TranSouth Mortgage Corporation of F lor ida (10/27/83) 3/

Richmond Union Trust Bancorp, Balt imore, Maryland, 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 (making insta l lment loans to ind iv idua ls for per-sonal, fami ly or household purposes; purchasing sales f inance contracts executed in connection wi th the sale of personal, fami ly or household goods or serv ices; act ing as agent in 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 i t s extensions of c r e d i t ; and making mortgage loans secured in whole or in part by mortgages or other l iens on real estate) at 2720 Riverside Dr ive, Macon, Georgia, through i t s subs id iary , Landmark Financial Services of Georgia, Inc . (10/28/83) 2 /

At lanta UNB Corporat ion, Faye t t ev i l l e , Tennessee, n o t i f i c a t i o n of i n ten t to engage in de novo a c t i v i t i e s ( in con-sumer and commercial f i nanc ia l a c t i v i t i e s for i t s own account or fo r the account of o thers; loans and other extensions of c r e d i t ; serv ic ing loans and other extensions of c red i t fo r any person; and act ing as agent for the sale of l i f e , accident and hea l th , and physical damage insurance d i r e c t l y re la ted to i t s extensions of c red i t ) these a c t i v i t i e s would be conducted in Southern Middle Tennessee and Northern Alabama, through i t s subs id ia ry , UNB Mortgage Corporation (10/27/83) 3/

Chicago I rwin Union Corporation, Columbus, Indiana, n o t i f i -cat ion of in ten t to engage in de novo a c t i v i t i e s (mortgage banking a c t i v i t i e s inc luding the d i rec t extension of res iden t ia l mortgage loans to ind iv idua ls

"57 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 .


ACTIONS OF THE BOARP - Continued

anfi serv ic ing such loans fo r investors) i n Phoenix and Tucson, Arizona, the geographic area to be served w i l l be the State of Ar izona, through i t s d i r e c t l y owned subs id ia ry , Inland Mortgage Corporation (10/25/83) 2 /

#orwest Corporat ion, Minneapolis, Minnesota, n o t i f i c a -t i o n o f in ten t to engage i n de novo a c t i v i t i e s ( i n Che a c t i v i t i e s of consumer f inance, sales finance and commercial f inance, the sale of c red i t l i f e , c red i t accident and heal th and property and c r e d i t -re la ted casualty insurance re la ted to extensions of c red i t by that company (such sale of c red i t re lated insurance heing a permissible a c t i v i t y under Sub-paragraph D of T i t l e VI of the Garn - St Germain iv»#ository I n s t i t u t i o n s Act of 1982) and the o f f e r -ing for sale and s e l l i n g of t rave lers checks) at ;*:! East New S t ree t , Kingsport , Tennessee, serving Kingsport , Tennessee, and nearby communities, through u s subs id ia ry , Norwest Financial Tennessee, Inc. and at Green T ra i l s Center, 2773 Maple Avenue, L i s l e , I l l i n o i s * serving L i s l e and Chicago, I l l i n o i s , and nearby suburbs of Chicago, I l l i n o i s , through i t s subs id ia ry , fmrwest Financial I l l i n o i s , Inc.

?/

F i r s t I n te rs ta te Bancorp, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s ( i n discount brokerage a c t i v i t i e s by buying and se l l i ng secur i t ies so le ly as agent fo r (he account of customers, without providing unTer t r i t i ng or investment advisory serv ices; and in secur i t i es c red i t lending pursuant to Regula-t ion T) at 2051 Montgomery S t ree t , San Francisco, C a l i f o r n i a , serving the United States, through i t s subs id ia ry , F i r s t In te rs ta te Discount Brokerage (10/72/83) 3/

Securi ty Pac i f i c Corporat ion, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of in tent to engage i n de novo a c t i v i t i e s ( i n making or acquir ing fo r i t s own account or for the account of o thers , loans and extensions of c r e d i t , inc lud ing making consumer

San I r

3/ n o t i f i c a t i o n processed by Reserve Hank on behalf of the Poard of Coventors under delegated a u t h o r i t y .


8.?, 1983 No. 43 - 21 *

ACTIONS OF THE POARP - Continued

installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of credit such as would be made by a factoring company or a consumer finance company and acting as broker or agent for the sale of credit l i f e , accident and health, and credit property insurance, such insurance act iv i t ies being permitted pursuant to Section 601(A) and (D) of T i t l e VI of the Garn-St Germain Act) at 12? South Second Street, Hamilton, Ohio, serving the State of Ohio, through i ts sub-sidiar ies, Security Pacific Finance Corp. and Security Pacific Finance Credit Corp. (10/29/83) 3/

To Issue Eligible Acceptances up to 200 percent Paid-in Capital and Surplus

Approved San Union Bank, Los Angeles, California: approval of Francisco authority to accept drafts or b i l l s of exchange

dram upon i t in an aggregate amount up to 200 percent of i ts paid up and unimpaired capital stock and surplus. (10/28/83) 3/

17 4(c) (8) notif ication processed by Reserve Rank on behalf of the Foard of Governors under delegated authority.


H.?, 1903 No. <3 - 2? -

APPLICATIONS RECEIVED

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

New York Salamanca Trust Company, Salamanca, New York. To establish an of fs i te electronic fac i l i ty at the Parkview Supermarket, 545 Broad Street, Sa1amamca, New York. 2/

Richmond First Russell County Rank and Trust Company, Lebanon, Virginia. To establish a branch at the intersection of U.S. Highway 19 and McBroom Street, Abingdon, Virginia. 2J

* * * * *

appl icat ions and Not i f i ca t ions for Internat ional Investments and Other Actions Pursuant to Sections

PS and 25(a) of the Federal Reserve Act and Sections 4 ( c ) (9 ) , 4 (c ) (13) and 4(c)(14) of the Bank Holding

Company Act of 1956, as amended

Chicago The Northern Trust Company, Chicago, I l l i n o i s : p r io r n o t i f i c a t i o n of i t s in tent to make an addit ional investment in Banque Scandinave En Suisse, Geneva, Switzerland.

* * * * *

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

New York Citibank Overseas Investment Corporation, Wilmington, Delaware: p r io r n o t i f i c a t i o n of i t s i n t en t , on behalf of i t s wholly owned subsidiary, Inarco International Bank N.V., Aruba, Netherlands A n t i l l e s , to establ ish an i n i t i a l branch in Nassau, Bahamas.

7J Appl icat ion subject to Community Reinvestment Act. The Community A f fa i r s Of f icer of the applicable Reserve Bank may be contacted as to the length of the comment per iod.


H . f , 1993 No. 43 - ? 3 -

APPLICATIONS RECEIVED - Continued

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

Boston Merchants Bancshares, I n c . , Bur l ing ton , Vermont, fo r approval to acquire at leas t 80 percent of the vot ing shares of The Merchants Bank, Bur l ing ton, Vermont. 2J

Cleveland Ci t izens National Corporat ion, P a i n t s v i l i e , Kentucky, fo r approval to acquire 100 percent of the vot ing shares of Ci t izens National Bank of P a i n t s v i l l e , P a i n t s v i ! l e , Kentucky. 2J

Cleveland UNB Corp., Canton, Ohio, for approval to acquire 100 percent of the vot ing shares of The United National Bank and Trust Company, Canton, Ohio. 7J

Richmond CB&T Financial Corp., Fairmont, West V i r g i n i a , for approval to acquire 100 percent of the vot ing shares of the successor by merger to Community Bank and Trus t , N.A., Fairmont, West V i r g i n i a . 2J

Atlanta Ci t izens of Grainger County Corporation, Rutledge, Tennessee, f o r approval to acquire 100 percent of the vot ing shares of Ci t izens Bank and Trust Company of Grainger County, Rutledge, Tennessee. 2/

At lanta F i r s t Jackson Bancorp, Jef ferson, Georgia, for approval to acquire 100 percent of the vot ing shares of F i r s t National Bank o f Jackson County, Je f ferson, Georgia. 2]

Atlanta LaFayette Bankshares, I nc . , LaFayette, Georgia, for approval to acquire at least 80 percent of the vot ing shares of The Bank of LaFayette, LaFayette, Georgia. 2/

Atlanta Peoples Bartow Corporat ion, T a y l o r s v i l l e , Georgia, for approval to acquire 100 percent of the vot ing shares of Peoples Bank of Bartow County, Tay lorsv i l1e , Georgia. 2]

Atlanta Southeast Miss iss ippi Corporat ion, Quitman, M iss iss ipp i , fo r approval to acquire at least 80 percent of the vot ing shares of Southeast Mississippi Bank, Quitman, M iss i ss ipp i . 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.?, 1983 No. ^3 - ?4 -


Chicago

Chicago

St. Louis

St . Louis

St . Louis

St . Louis

Kansas City

Kansas City

Kansas Ci ty

C la rke ! , I n c . , Kesley, Iowa, f o r approval to acquire 80 percent or more of the vot ing shares of Iowa State Rank, C l a r k s v i l l e , Iowa. 7J

F i r s t Sioux Bancshares, L t d . , Sioux Center, Iowa, f o r approval to acquire 100 percent of the vot ing shares ( less d i rec tors* qua l i f y i ng shares) of the successor by merger to The F i r s t National Bank of Sioux Center, Sioux Center, Iowa. 2J

American Eagle Bancorp., I n c . , Glen Carbon, I l l i n o i s , fo r approval to acquire at least 98.7 percent of the vot ing shares of Cottonwood Bank and Trust Company, Glen Carbon, I l l i n o i s . 2J

F i r s t Vandalia Corp., Vandalia, I l l i n o i s , for approval to acquire 100 percent of the vot ing shares of the successor by merger to The F r i s t National Bank of Vandalia, Vandalia, I l l i n o i s . 2/

Gould Bancshares, I n c . , Gould, Arkansas, for approval to acquire at least 80 percent of the vot ing shares of F i r s t State Bank, Gould Arkansas. 2J

Helena Bancshares, I n c . , Helena, Arkansas, for approval to acquire 100 percent of the vot ing shares of the successor by merger to The Helena National Bank, Helena, Arkansas. 2J

American Republic Bancshares, I n c . , Bel en, New Mexico, fo r approval to acquire 100 percent of the vot ing shares of The F i rs t National Bank of Bel en, Bel en, New Mexico. 2J

Gardner Bancorp., Gardner, Kansas, for approval to acquire at least 64.6875 percent of the vot ing shares of The Farmers Bank 8* Trust Co., Gardner, Kansas. ?j

Olathe Financial Services Corporat ion, 01athe, Kansas, for approval to acquire at least 80 percent of the vot ing shares of The F i r s t Cit ibank of Olathe, Olathe, Kansas. ?/

?/ 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 per iod.

I


H.?, 19P3 No. 43 - ?5 -


Dallas

Dal las

San Francisco

San Francisco

Jef ferson Rancshares, Inc . , San Antonio, Texas, fo r approval to acquire 100 percent of the vot ing shares of Jef ferson State Rank, San Antonio, Texas. 2J

Lexington Rancshares, I n c . , New Ulm, Texas, for approval to acquire 100 percent of the vot ing shares of Lexington State Rank, Lexington, Texas. 2J

BOS Financial Corp., Spokane, Washington, for approval to acquire 100 percent of the vot ing shares of Bank of Spokane, Spokane, Washington. 2/

Pac i f i c Regency Bancorp, El Toro, C a l i f o r n i a , for approval to acquire 100 percent of the vot ing shares of Pac i f ic Regency Rank, El Toro, C a l i f o r n i a , a proposed new bank. 2/

* * * * *

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

Boston General Educational Fund, I n c . , Bur l ing ton, Vermont, fo r approval to acquire at least 25 percent of the vot ing shares of Merchants Rancshares, I n c . , Bur l ington, Vermont and i n d i r e c t l y The Merchants Bank, Bur l ington, Vermont. 7J

New York Norstar Bancorp I n c . , Albany, New York, fo r approval to acquire 100 percent of the common and preferred stock of the successor by merger to Security New York State Corporation, Rochester, New York and i n d i r e c t l y Securi ty Trust Company of Rochester, Rochester, New York; F i r s t Trust Union Bank, Wells-v i H e , New York; The Mohawk National Bank of Schenectady, Schenectady, New York; F i r s t Bank and Trust Company o f I thaca, I thaca, New York; The Bank of Auburn, Auburn, New York; Genesee Country Bank, LeRoy, New York; F i r s t Bank and Trust Company of Corning, Corning, New York; The State Bank of Seneca Fa l l s , N.Y. , Seneca F a l l s , New York; Glen Bank and Trust Company, Watkins Glen, New York. _?/

2/ Application 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 o f the comment per iod.


y.y, i&f" »vo. 43 — 25 —


ATi^nim Florida National Banks of Florida, Inc . , Jacksonville, Florida* for approval to acquire 100 percent of the voting shares of Royal Trust Bank Corp., Miami, Florida and indirectly Royal Trust Bank of Jackson-v i l l e , Jacksonville, Florida; Royal Trust Bank of Miami, f . A . , Miami, Florida; Royal Trust Bank of Palm Peach, N.A., Palm Beach. Florida; Royal Trust Pank of Florida, N.A., St. Petersburg, Florida; and Woyal Trust Bank* Gulfport, Florida. jY

Pan American Pants Inc. , Miami, Florida, for approval to acquire at least 89.7 percent of the voting shares of the International Bank of Miami, N.A., Miami, F l o r i d . ?/

Ai Southeast Banking Corporation, Mi ami, Florida, for approval to acquire 100 percent of the voting shares of Southeast Pank of St . Johns County, Ponte Vedra êach, Florida, a proposed new bank. ?/

H r s t American Corporation, Dundee, I l l i n o i s , for approval to acquire 100 percent of the voting shares Hess directors' qualifying shares) of the successor (y merqer to State Bank of Hampshire, Hampshire, I l l i n o i s . ?/

f i r s t A f r i c a n Corporation, Dundee, I l l i n o i s , fo r approval to acquire 100 percent of the voting shares (less directors* qualifying shares) of the successor by mercer to First American Bank of lake County* Lake V i l l a , I l l i n o i s . 2 /

e r n e F S P Pancorporation, Inc. , Kaukauna, Wisconsin, for approval to acquire at least 80 percent of the voting shares of State Bank of Hi lbert , Hi lbert , Wisconsin. ?/

St . i Central Banc System, Inc. , Granite Ci ty , I l l i n o i s , for approval to acquire 100 percent of the voting shares of First Bank of Marine, Marine, I l l i n o i s . 2 /

* i . U rns First Ifnited Bancshares, Inc . , El Dorado, Arkansas, for approval to acquire 100 percent of the voting shares of the successor by merger to First National Bank of Magnolia, Magnolia, Arkansas. 2 /

7/ subject to Community Reinvestment Act. The Community Affairs M f i c e r ot the applicable Reserve Bank may be contacted as to the length of the comment period.


«.? , l«f*3 Ho. 43 - 27 -


Kansas City

Kansas City

Kansas City

Dallas

Dal las

American Bancorporation, Inc . , Sapulpa, Oklahoma, for approval to acquire 100 percent of the voting shares of Mannford State Bank, Mannford, Oklahoma. 2J

Army National Bancshares, Inc . , Chil l icothe, Missouri, for approval to acquire an additional 20.13 percent of the voting shares of the Exchange National Bank of Cottonwood Fa l ls , Cottonwood Fal ls , Kansas. 2J

B-K Agency, Inc. , Hardtner, Kansas, for approval to acquire 43.2? to 50.21 percent of the voting shares of Farmers State Bank, Hardtner, Kansas. 2/

RepubiicBank Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares ( less (directors' qualifying shares) of RepulicBank First National Midland, Midland, Texas, a proposed new bank. 2/

United Texas Financial Corporation, Wichita Fal ls , Texas, for approval to a (Retire 100 percent of the voting shares of The Farmers and Merchants National Bank, Nocona, Texas. 2/

* * * * *

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

Cleveland PNC Financial Corp, P i t tsburgh, Pennsylvania, fo r approval to merge wi th Marine Bancorp, I nc . , E r i e , Pennsylvania and i n d i r e c t l y wi th Marine Bank, Warren, Pennsylvania* 7J

* * * * *

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

Boston Citizens Corporat ion, Providence, Rhode Is land, fo r approval to engage de novo by means of a j o i n t venture wi th The Money Store, I nc . , Spr ing f ie ld , New Jersey in the o r i g i n a t i o n , sale and serv ic ing


H.2, 1983 No. A3 - 28 -


of mortgage and consumer loans and to act as agent fo r the sale of c red i t re lated accident, health and l i f e insurance through a new subs id iary , "MARLA, I n c . " , from an o f f i c e to be located in A t lan ta , Georgia.

Boston Merchants Bancshares, I nc . , Bur l ington, Vermont, for approval to acquire The Merchants Trust Company, Bur l ington, Vermont.

New York Barclays Bank PLC and Barclays Bank In ternat ional L imi ted, both located in London, England, request permission to relocate an o f f i c e engaging in the fo l lowing a c t i v i t i e s (the sale at r e t a i l of t rave lers checks issued by Barclays Bank In ternat ional L imi ted, the operation of a consumer finance business and the sale as agent of re lated c red i t l i f e and c red i t accident and health insurance, inc luding d i rec t insta l lment loans to ind iv idua ls and the purchase of r e t a i l insta l lment notes [sales f i nance ] , such as loans made to ind iv idua ls f o r personal, fami ly or household purposes, inc lud ing loans secured by real estate and the purchase on a discounted basis of contracts and re lated secur i ty agreements a r i s ing p r i n c i p a l l y from the sale by dealers of t i t l e d goods [ inc lud ing automobiles, mobile homes, t rave l t r a i l e r s and campers, and boat and marine equipment] and household goods [ i nc lud ing f u r n i t u r e , t e lev i s ion sets and appliances] and re lated wholesale f inancing con-s i s t i n g of f inancing dealers ' inventor ies of auto-mobiles, mobile homes and other cha t t e l s , and at the e lec t ion of the borrowers from the respective consumer finance subs id ia r ies , sale of c red i t re lated insurance, inc luding decreasing term c red i t l i f e insurance and c red i t accident and health insurance; c red i t l i f e and c red i t accident and health insurance so sold may be underwrit ten or reinsured by a f f i l i a t e d insurance underwri t ing subs id iar ies) from 3076 Southwest Boulevard, Grove C i t y , Ohio to 2218 Stringtown Road, Grove C i t y , Ohio, through t h e i r consumer finance subs id ia r ies , BarclaysAmerican/Financial, Inc. and BarclaysAmerican/ Mortgage, Inc. (10/28/83)

New York C i t i co rp , New York, New York, for approval to engage i n d i r e c t l y in cer ta in nonbanking a c t i v i t i e s consist ing of act ing as an agent, broker or advisor for u n a f f i l i a t e d t h i r d par t ies in connection wi th the d ispos i t ion of a i r c r a f t through i t s wholly-owned subsid iary , C i t i corp Indus t r ia l Cred i t , I n c . , Harr ison, New York.


H.2, 1983 No, 43 - 2 9 -


New York Norstar Bancorp Inc. , Albany, New York, fo r approval to acquire 100 percent of the common and preferred stock of G r i f f l e y Corporat ion, Rochester, New York, G r i f f i n L i f e Insurance Company, Phoenix, Arizona, Maurice F. Sweeney Agency, I nc . , L ivon ia , New York, Finger Lake Realty Corporation, Rochester, New York, G r i f f i n Computer and Leasing Corporation, Rochester, New York, and STC Realty Corporation, Rochester, New York.

Phi ladelphia Commonwealth National Financial Corporat ion, Harr isburg, Pennsylvania, 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 underwr i t ing, as re insurer , c red i t l i f e and accident and health insurance d i r e c t l y re lated to extensions of c red i t by The Commonwealth National Bank) these a c t i v i t i e s w i l l be conducted from o f f i c e s located in Harr isburg, Pennsylvania, serving south centra l Pennsylvania, through i t s subsid iary , Commonwealth National L i fe Insurance Company (10/27/83)

Cleveland Mellon National Corporat ion, P i t tsburgh, Pennsylvania, 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 (commercial lending inc luding accounts receivable and inventory f inanc ing , and permissible personal property leas ing , inc luding act ing as agent, broker, or adviser in leasing such property) at 2121 San Jac in to , Suite 2900, Dal las, Texas, through i t s subs id iary , Mel Ion Financial Services Corporation (10/28/83)

Cleveland Mellon National Corporation, Pi t tsburgh, Pennsylvania, n o t i f i c a t i o n of i n ten t to expand the geographic scope of the fo l lowing de novo a c t i v i t i e s (the sale of c red i t - r e l a ted insurance, inc luding credi t -acc ident and hea l th , c r e d i t - l i f e , and mortgage redemption insurance [such sale of c red i t - r e l a ted insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St. Germain Depository I ns t i t u t i ons Act of 1982]) the expanded geographic scope of i t s business w i l l be derived from, and sol icated throughout the States of Pennsylvania and Delaware, through i t s subs id iary , Mellon Insurance Agency, Inc. (10/26/83)

Cleveland PNC Financial Corp., P i t tsburgh, Pennsylvania, for approval to expand the data processing a c t i v i t i e s of i t s i nd i rec t nonbank subsidiary L. S. Consulting Corp., d/b/a L i t t lewood, Shain & Company, Wayne, Pennsylvania.



PNC Financial Corp, P i t tsburgh, Pennsylvania, n o t i f i -cat ion of in ten t to engage i n de novo a c t i v i t i e s (making or acquir ing and serv ic ing fo r i t s own account and/or the account of o thers , loans and other extensions of c r e d i t ) the de novo o f f i c e would be located in the metropol i tan area of Manassas, V i r g i n i a , through i t s subsidiary The Kissel 1 Company (10/27/83)

NCMR Corporat ion, Charlotte, North Carol ina, notif ication of in tent to relocate an of f ice engaging therefrom in the fo l lowing a c t i v i t i e s (making direct loans for consumer and other purposes; purchasing retai l insta l lment notes and cont rac ts ; s e l l i n g at re ta i l money orders having a face value of not more than $1,000; and acting as agent for the sale of credit l i f e , credit accident and health and physical damage insurance direct ly re la ted to i t s extensions of c red i t through i t s subsidiary, TranSouth Financial Corporation of F lo r ida ; and making d i r ec t loans for consumer and other purposes under the general usury s ta tu tes ; purchasing r e t a i l insta l lment notes and cont racts ; making d i rec t loans to dealers fo r the f inancing of inventory [ f l o o r planning] and working cap i ta l purposes; and act ing as agent fo r the sale of c red i t l i f e , c red i t accident and health and physical damage insurance d i r e c t l y re la ted to i t s extensions of c red i t through i t s subs id iary , TranSouth Mortgage Corporation of F lor ida) from 608 Ju l i a S t ree t , Jacksonv i l le , F lor ida to 2415 Blanding Boulevard, Jacksonv i l le , F lo r ida , through i t s subs id ia r ies , TranSouth Financial Corporation of F lor ida and TranSouth Mortgage Corporation of Flor ida (9/13/83)

The Magnolia State Corporat ion, Bay Springs, M iss iss ipp i , 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 act ing as agent in providing c red i t l i f e insurance which is d i r e c t l y re lated to extensions of c red i t by i t s subs id iary , Jasper County Bank) at Thigpen at 6th Avenue, Bay Springs, M iss iss ipp i , serving the market area inc luding Bay Springs and the surrounding rural area wi th in Jasper County (10/26/83)

Brenton Banks, I nc . , Des Moines, Iowa, 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 n processing f inanc ia l , banking or economic data for persons other than the holding company of i t s subsid iar ies pursuant t o w r i t t en agreements; these a c t i v i t i e s were previously performed in v i o l a t i o n of Section 4 (c ) (8 ) of the Bank Holding Company Act) the geographic scope w i l l be the State of Iowa, through i t s subs id iary , Brenton Funds Transfer System, Inc. (10/15/83


H.?, 1983 No. A] . 31 -


Chicago

Chicago

Chicago

St. Louis

Kansas Ci ty

Dallas

Manufacturers National Corporation, De t ro i t , Michigan, 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 leasing of personal property) the geographic scope w i l l be the State of F lor ida , through i t s subs id iary , Manucor Leasing, Inc. (10/18/83)

Manufacturers National Corporation, De t ro i t , Michigan, 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 n the a c t i v i t i e s of an insurance agency business to se l l insurance which assures the repayment of out-standing balances due on spec i f ic extensions of credi t by subsidiar ies o f Manufacturers National Corporation in the event of death, d i s a b i l i t y or involuntary unemployment of debtors) the geographic scope w i l l be the State of Michigan, through i t s subsidiary, Manucor Agency * Inc. (10/18/83)

Marshall & I l s l ey Corporation, Milwaukee, Wisconsin, 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 equipment leasing to business and manufacturing customers on a noncancellable f u l l payout basis, to purchase condi t ional sales contracts from equipment suppl iers and manufacturers and to make chattel secur i ty loans on commercial and indust r ia l equipment) i n Indianapol is, Indiana, the geographic area to be served w i l l be the States of Indiana and Kentucky, through i t s subsid iary, F i rs t National Leasing Corp. (10/21/83)

Gould Bancshares, I nc . , Gould, Arkansas, for approval t o engage de novo in real estate appraisal .

American Republic Bancshares, I nc . , Bel en, New Mexico, for approval to engage in c red i t l i f e , health and accident insurance a c t i v i t i e s through the acquis i t ion of 100 percent of Sc ien t i f i c Management Systems, I n c . , Belen, New Mexico.

Rio Grande Bancshares, Inc . , Las Cruces, 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 ( i n the a c t i v i t y of providing data processing and data transmission services, data bases or f a c i l i t i e s [ inc lud ing data processing and data transmission hardware, software, documentation and operating personnel] for i t s in ternal operations and those of i t s subsidiary banks and providing microfiche processing for i t s in ternal operations and those of i t s subsidiary banks and to other) (10/25/83)


M.?, I 9 M 43 - 3? *


<an francisco

ân franci<cu

S n :rancisco

San f rancisco

RankAmerica Corporation* San Francisco, California, for approval to engage de novo in the issuance and sale of general purpose variably denominated payment instruments with a maximum face value of up to $10,000 and for i t s direct subsidiary, BA Cheque Corporation, to engage in certain data processing, marketing and other servicing act iv i t ies related to payment instru-ment act iv i t ies for non-affi l iated depository insti tu t ions,

BankAmerica Corporation, San Francisco, California, notif ication of in tent to engage in de novo a c t i v i t i e s (execution and c lear ing of financial futures contracts on major commodity exchanges for unaffi l iated persons) in Seat t le , Washington and the Republic of Singapore, the geographic area to be served by each of these offices w i l l be f i f t y States, the D i s t r i c t of Columbia, and abroad, through i t s subsidiary, BA Futures, Incorporated, a wholly-owned subsidiary of BankAmerica Corporation (10/27/83)

BankAmerica Corporation, San Francisco, California, notif ication of intent to engage in de novo a c t i v i t i e s ( i n the act ivi t ies of making or acquir ing for i t s own account loans and other extensions of credit such as would be made or acquired by a finance company, and servicing loans and other extensions of credit; such act ivi t ies w i l l inc lude, but not be l im i ted t o , making consumer instal lment loans and making loans and other extensions of c red i t of a commercial nature to businesses; such loans may be unsecured or secured by personal assets and residential and commercial real estate; no credit-related insurance of any type w i l l be of fered by BA Business Credit Corporation in connection with i t s lending a c t i v i t i e s ) in Seat t le , Washington and Tampa, F lo r ida , each o f f i c e w i l l be serving a l l f i f t y States and the D i s t r i c t of Columbia, through i ts indirect subsidiary, BA Business Credit Corporation (a Delaware corporation) (10/28/83)

BankAmerica Corporation, San Francisco, California, notification of in tent to engage in de novo act ivi t ies ( i n the act iv i t ies of making loans and other extensions of c r e d i t , servicing loans and other extensions of c red i t for i t s e l f and others, and providing services incidental to such loans and extensions of credit such as are made or provided by a finance company; such act iv i t ies w i l l include, but not be l imi ted t o , pro-viding funds and/or c red i t services in connection with the financing of stock and f loor plan inventory of


H.2, MP3 No. 43 - 3 3 -


San Francisco

San Francisco

San Franci sco

d i s t r i b u t o r s and dealers of consumer products; no c r e d i t - r e l a t e d insurance of any type w i l l be o f fered by Champion Credit Corporation in connection wi th i t s lending a c t i v i t i e s ) in Columbus, Ohio, serving a l l f i f t y States and the D i s t r i c t of Columbia, through i t s i nd i rec t subs id iary s Champion Credit Corporation (a Delaware corporat ion) (10/26/83)

F i r s t In te rs ta te Bancorp, Los Angeles, Ca l i f o rn ia , 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 n mortgage company a c t i v i t i e s to the extent of ( i ) making or acquir ing real estate or const ruct ion loans for i t s own account or for the account of o thers ; ( i i ) s e l l i n g or serv ic ing real estate or construct ion loans for i t s own account or for the account of o thers; ( i i i ) performing appraisals of real es ta te ; ( i v ) conducting such re lated a c t i v i t i e s as are inc identa l to the mortgage banking business; and (v) act ing as insurance agent or broker, as permitted by subsection (A) of Section 601 of Garn-St Germain Depository I ns t i t u t i ons Act of 1982, with respect to c red i t - r e l a t ed l i f e , accident and health insurance) in Oklahoma C i t y , Oklahoma, serving Oklahoma City and the State of Oklahoma, through i t s subs id iary , F i r s t In te rs ta te Real Estate Services Company, Inc . (10/25/83)

Security Paci f ic Corporation, Los Angeles, Ca l i f o rn ia , 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 n the underwri t ing and reinsurance of c red i t l i f e and c red i t accident and health insurance in Alabama, M iss iss ipp i , North Carol ina, and South Carol ina, such c red i t l i f e and c red i t accident and health insurance being in connection with extensions of c red i t by i t and i t s subs id iar ies) in San Diego, C a l i f o r n i a , through i t s subs id ia ry , General F i d e l i t y L i fe Insurance Company (10/24/83)

TRABANC, Salt Lake C i t y , Utah, n o t i f i c a t i o n of in tent to engage i n de novo a c t i v i t i e s ( i n providing data processing and data transmission serv ices, data bases and f a c i l i t i e s [ i nc lud ing hardware, software, docu-mentation and operating personnel]) at 460 Lawndale Dr ive, Salt Lake C i t y , Utah, serving Utah, Idaho and Wyoming, through i t s subs id iary , TRADATA (10/20/83)

* * * * *


REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.


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