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ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1980 No. 39)

APPLICABLE RESERVE BANK

Kansas City

Chicago

At lan ta

Actions of the Board; Appl icat ions and Reports

Received During the Week Ending September 27, 1980

ACTIONS OF THE BOARD

Increase in the basic discount r a t e from 10 percent to 11 pe rcen t , e f f e c t i v e Friday, September 26, 1980.

Statement by Vice Chairman Freder ick H. Schul tz , before the Small Business Oversight Subcommittee of the House Commit-tee on Small Business, to present the views of the Federal Reserve Board on H.R. 7735, which would preempt s t a t e l i m i t s on i n t e r e s t r a t e s and on ce r t a in other charges for a l l types of consumer c r e d i t , but would permit any s t a t e to reimpose c e i l i n g s by enact ing overr iding l e g i s l a t i o n .

Pol icy statment regarding adve r t i s ing by member banks of Negotiable Orders of Withdrawal (NOW) accounts.

Bank of Meeker, Meeker, Oklahoma, an investment in bank premises*

Denied reques ts of four former member banks f o r postponement of maintenance of reserve requirements*

American National Corporat ion, Omaha, Nebraska, extens ion of time to September 30, 1980, wi th in which to consummate the a c q u i s i t i o n of ANB Bank, N.A., Omaha, Nebraska• V

F i r s t American Bank Corporat ion, Kalamazoo, Michigan, exten-s ion of time to October 1, 1980, wi thin which to acquire 100 percent of t he vot ing shares of F i r s t National Bank of South Central Michigan, Quincy, Michigan* JL/

F i r s t Amtenn Corporat ion, Nashv i l l e , Tennessee, extension of time to November 14, 1980, wi thin which to consummate the a c q u i s i t i o n of F i r s t Amtenn L i f e Insurance Company, Phoenix, Arizona. 1/

1/ Appl icat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .

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

H.2, 1980 No. 39 - 2 -

ACTIONS OF THE BOABD-Continued

Dal las

Kansas City

S t . Louis

Chicago

Dallas

Dallas

At lan ta

San Francisco

Dal las

San Francisco

F i r s t Financia l Bancorporation, Waco, Texas, extens ion of time to October 31, 1980, wi th in which to consummate the acqu i s i t i on of F i r s t Bank & T r u s t , Bryan, Texas and Sabine Bank, Port Ar thur , Texas. V

F i r s t Poteau Corporat ion, Poteau, Oklahoma, extension of time to November 3, 1980, wi th in which to consummate the acqui-s i t i o n of Poteau S ta t e Bank, Poteau, Oklahoma. 1/

Liberty National Bankcorp., I n c . , Lou i sv i l l e , Kentucky, ex-tension of time to October 1, 1980, within which to become a bank holding company through the acqu i s i t ion of Liber ty National Bank and Trust Company, L o u i s v i l l e , Kentucky. If

Manufacturers National Bank, De t ro i t , Michigan, extension of time wi th in which to make an addi t iona l investment in At lan t ic I n t e r n a t i o n a l Bank, Limited, London, England. J L /

Nasher Financial Corporat ion, Da l l a s , Texas, extension of time to December 13, 1980, wi th in which to consummate the acqui-s i t i o n of NorthPark National Corporation, Da l l a s , Texas. V

NorthPark National Corporat ion, Da l l a s , Texas, extension of time to December 13, 1980, wi th in which to consummate the acqu i s i t ion of NorthPark National Bank of Da l las , Dal las , Texas • J L /

Termination of r e g i s t r a t i o n f o r The Volunteer S ta te L i fe Insurance Company, Chattanooga, Tennessee. 1/

Valley Bank of Nevada, Las Vegas, Nevada, extens ion of time to Apri l 11, 1981, wi th in which to e s t ab l i sh a branch o f f i c e in Carson City, Nevada. J L /

Allied Bank-West Loop, N.A., Houston, Texas, proposed merger with Securi ty National Bank, Houston, Texas; repor t to the Comptroller of the Currency on competi t ive f a c t o r s , l j

Eastern Washington Bank, Moses Lake, Washington, proposed merger with and i n t o Washington Bank and Trus t , Spokane, Washington, surv ivor ; repor t to the Federal Deposit Insu r -ance Corporation on competi t ive f a c t o r s . J L /

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


H.2, 1980 No. 39 - 3 -

ACTIONS OF THE BOARD-Continued

Boston F i r s t B r i s t o l County National Bank, Taunton, Massachusetts, proposed merger with The National Bank of Wareham, Wareham, Massachusetts; r epor t to the Comptroller of the Currency on competi t ive f a c t o r s . 1/

At lan ta F i r s t S ta te Bank & Trus t Company, Valdosta, Georgia, proposed merger with F i r s t S t a t e Inter im Company, Valdosta, Georgia; repor t to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . V

Boston Hanover Bank and Trus t Company, Hanover, New Hampshire, pro-posed merger with Lebanon Bank and Trust Company, West Lebanon, New Hampshire; repor t to the Federal Deposit Insur -ance Corporation on competi t ive f a c t o r s . 1 /

New York Key Bank, N.A., Albany, New York, proposed merger wi th F i r s t National Bank in Greene, Greene, New York; repor t to the Comptroller of the Currency on competit ive f a c t o r s . 1/

Dallas NorthPark National Bank of Da l l a s , Da l l a s , Texas, proposed merger with National Bank of NorthPark, Da l l a s , Texas; repor t to the Comptroller of the Currency on competi t ive f a c t o r s . 1/

Dallas Securi ty Bank and Trust Company, Wharton, Texas, proposed merger with New Secur i ty Bank and Trust Company, Wharton, Texas; repor t to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . 1/

T 7 Appl icat ion p r o c e s s e d o n behalf of the Board of Governors under delegated a u t h o r i t y .


• •

H.2, 1980 No. 39 - 4 -

ACTIONS OF THE BOARD-Contlnued

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

Approved Richmond The Northern Vi rg in ia Bank, S p r i n g f i e l d , Virginia# Branch

to be es tab l i shed in the Feathers tone Square Shopping Center , 14529 J e f f e r s o n Davis Highway, Woodbridge, Prince William County, V i r g i n i a . JL/ & 2/

Ann Arbor Bank and Trust Company, Ann Arbor, Michigan. To e s t a b l i s h an o f f s i t e - e l e c t r o n i c f a c i l i t y i n the following l o c a t i o n s : 2200 P i t t s f i e l d Boulevard, 701 Packard, 1940 West Stadium Boulevard and 2512 Packard, a l l in Ann Arbor, Michigan. 1/ & 2/

Securi ty Bank and Trust Company, Southgate , Michigan. Branch to be e s t ab l i shed a t the northwest corner of Allen Road and Keppan S t r e e t , Allen Park, Wayne County, Michigan. 1/ & 2/

Chicago

Chicago

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

Approved Richmond Bank of V i rg in i a , Richmond, V i rg in i a , to merge with Bank of

Vi rg in ia - Central Val ley, Verona, V i r g i n i a . 1/ & 2/

Issued I n t e n t Not to Disapprove Change in Control Pursuant to Change in Bank Control Act of 1978

Not Disapproved Kansas City The F i r s t S t a t e Bank of Hotchkiss , Hotchkiss, Colorado.

V Appl ica t ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .

2/ Appl ica t ion subjec t to Community Reinvestment Act. The Community Reinv , caent O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod .


H.2, 1980 No. 39 - 5 -


Appl icat ions and N o t i f i c a t i o n s fo r I n t e rna t i ona l Inves t -ments and Other Actions Pursuant to Sect ions 25 and 25(a) of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4(c) (13) of t he Bank Holding Company Act of 1956, as amended

New York

San Francisco

San Francisco

Approved Chase Manhattan Overseas Banking Corporation, Newark, Delaware:

grants permission to amend A r t i c l e Ninth of i t s A r t i c l e s of Associat ion to de le te the requirement tha t a l l d i r ec to r s must be c i t i z e n s of the United S t a t e s •

Crocker National Bank, San Francisco, C a l i f o r n i a : grants per-mission to amend A r t i c l e Ninth of the A r t i c l e s of Associat ion of Crocker Bank I n t e r n a t i o n a l (New York), New York, New York, and Crocker Bank I n t e r n a t i o n a l (Chicago), Chicago, I l l i n o i s , de l e t ing the requirement t ha t a l l d i r e c t o r s must be c i t i z e n s of the United S t a t e s .

Sixty Day N o t i f i c a t i o n Period Allowed to Expire Secur i ty P a c i f i c Corporat ion, Los Angeles, C a l i f o r n i a : no

ob jec t ion to Invest in i t s i n d i r e c t subs id ia ry , Secur i ty P a c i f i c Credi t (Hong Kong) Limited, Hong Kong.

* * * * *

To Es t ab l i sh an Overseas Branch of a Member Bank Pursuant t o Sect ion 25 of the Federa l Reserve Act

Approved New York Long Is land Trust Company, Garden C i ty , New York: grants

permission to e s t a b l i s h a branch in Nassau, Bahamas.

Dal las National Bank of Commerce of Dal las , Da l las , Texas: grants permission to e s t a b l i s h a branch in George Town, Grand Cayman I s l a n d s .


H.2, 1980 No. 39 — 6 —

ACTIONS OF THE BOARD-Continned

At lanta

At lanta

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

Withdrawn B.P.C. Corporat ion, Cookevi l le , Tennessee, fo r approval

to acquire 80 percent of the vot ing shares of Bank of Putnam County, Cookevil le , Tennessee. 2/

Approved United C i t i z e n s Bancshares, I n c . , Ashland C i t y , Tennessee,

f o r approval to acquire 80 percent of the vot ing shares of United C i t i z ens Bank of Cheatham County, Ashland Ci ty , Tennessee. 1/ & 2/

Chicago H & H Financ ia l Corporation, Kokomo, Ind iana , f o r approval to acquire 90 percent of the vot ing shares of F i r s t National Bank, Kokomo, Ind i ana . JL/ & 2/

Chicago JESUP BANCSHARES, INC., Jesup, Iowa, for approval to acquire 80 percent of the vot ing shares of Farmers S ta te Bank, Jesup, Iowa. 1/ & 2/

S t . Louis Hamilton Bancgroup & Co., S t . Louis , Missouri , f o r approval to acquire 80 .1 percent of t h e vot ing shares of Farmers S ta te Bank of Dahlgren, Dahlgren, I l l i n o i s . V & 2/

S t . Louis Springtown Bancshares, I n c . , Siloam Springs , Arkansas, fo r approval to acquire 80.52 percent of the vot ing shares of F i r s t National Bank, Siloam Springs , Arkansas. V & 2/

Minneapolis Exchange S ta te Bancorporation, I n c . , H i l l s , Minnesota, f o r approval to acquire 97 percent of t he vot ing shares of Exchange S ta te Bank of H i l l s , H i l l s , Minnesota. 1/ & 2/

Minneapolis P h i l i p Bancorporation, I n c . , P h i l i p , South Dakota, for ap-proval to acquire 84.1 percent of the voting shares of F i r s t National Bank in Ph i l i p , P h i l i p , South Dakota. 1/ & 2/

V Appl icat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .

2/ Applicat ion subject to Community Reinvestment Act. The Community Reinvestment O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod.


H.2, 1980 No. 39


Kansas City Centennial Bancorporation, Thermopolis, Wyoming, f o r approval to acquire 80 percent or more of t he vot ing shares of F i r s t National Bank a t Thermopolis, Thermopolis, Wyoming. V & 2J

Kansas City C i t i zens Bancorp, Maud, Oklahoma, for approval to acquire 100 percent ( l e s s d i r e c t o r s ' qua l i fy ing shares ) of the vot ing shares of Ci t i zens S ta t e Bank, Maud, Oklahoma. 1/ & 2/

Kansas City F i r s t S ta te Holding Company, I n c . , J o p l i n , Missouri , f o r ap-proval to acquire 80 percent or more of t he vot ing shares of F i r s t S ta te Bank of J o p l i n , J o p l i n , Missouri . 1/ & 2/

Kansas City Wyandotte Ban Corporation, Kansas Ci ty , Kansas, for approval to acquire 80 percent or more of the vot ing shares of The Wyandotte Bank, Wyandotte County (P.O. Kansas C i t y ) , Kansas. 1/ & 2/

Dal las S i lve r ton Bancshares, I n c . , S i l v e r t o n , Texas, f o r approval to acquire 80.95 percent of t he vot ing shares of F i r s t S ta te Bank, S i l v e r t o n , Texas. 1/ & 2/

* * * * *

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

Approved Atlanta F i r s t Alabama Bancshares, I n c . , Montgomery, Alabama, for ap-

proval to acqui re 100 percent of the voting shares ( l e s s d i r e c t o r s ' q u a l i f y i n g shares ) of the successor by merger to Chil ton County Bank, Thorsby, Alabama. 1J & 2/

Kansas City United Missouri Bancshares, I n c . , Kansas Ci ty , Missour i , fo r approval to acquire 100 percent of the vot ing shares of Warsaw Bancshares, Warsaw, Missouri and thereby i n d i r e c t l y acquire a t l e a s t 81.79 percent of the voting shares of Community Bank of Warsaw, Warsaw, Missour i . 1/ & 2/

1/ Appl icat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .

2/ Appl icat ion subjec t to Community Reinvestment Act. The Community Reinvestment O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod .

I


H.2, 1980 No, 39 — 8 -


Dal las Houston Bancshares, I n c . , Houston, Texas, f o r approval to acquire 100 percent of t he vot ing shares ( l e s s d i r e c t o r s ' qua l i fy ing shares ) of North Side Bank, Houston, Texas, a proposed new bank* V & 2/

Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, f o r ap-proval to acquire 100 percent of the vot ing shares of Texas Commerce Bank-Northwest Freeway, National Associa-t i o n , Houston, Texas, a proposed new bank. JL/ & 2/

* * * * *

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

Withdrawn Boston Hospi ta l Trust Corporation, Providence, Rhode I s l and , fo r

approval to engage in t r u s t company a c t i v i t i e s including a c t i v i t i e s of a f i d u c i a r y , investment advisory, agency, or custodian nature in the S ta te of F lor ida through i t s d i r e c t wholly owned subs id ia ry , Hospi ta l Trust Company of Flor ida (a proposed Flor ida Trust Company) to be located in Palm Beach, F l o r i d a .

Kansas City Peoples Savings, I n c . , Ottawa, Kansas, n o t i f i c a t i o n of in ten t to acquire in d<3 novo a c t i v i t i e s ( ac t i ng as investment or f i n a n c i a l advisor to the extent of providing p o r t f o l i o in -vestment advice to other persons) the a c t i v i t y to be con-ducted on the premises of Peoples National Bank & Trus t , Ottawa, Kansas (9/25/80) 3/

Approved Chicago American F le tcher Corporat ion, Ind ianapo l i s , Indiana, for

approval to r e t a i n a l l of the vot ing shares of American F le tche r Mortgage Company, I n c . , Ind ianapol i s , Indiana .

1/ Appl ica t ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .

2/ Appl ica t ion subject to Community Reinvestment Act. The Community Reinvestment O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod .

3 / 4 ( c ) (8 ) or 4(c) (12) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y .

3 # I


H.2, 1980 No. 39 — 9 -

ACTIONS OF THE BOARD-Continned

Chicago Cont inental I l l i n o i s Corporat ion, Chicago, I l l i n o i s , f o r approval to permit Republic Realty Mortgage Corporat ion, Chicago, I l l i n o i s , a wholly-owned subs id ia ry engaged in t h e mortgage banking business to continue to act as agent or broker in connection wi th the placement of property and casua l ty Insurance r e l a t e d to r e a l e s t a t e loans i t o r i g ina t e s or serv ices p r i n c i p a l l y f o r p rope r t i e s located in the Chicago SMSA but a l so f o r p rope r t i e s located elsewhere in the S ta te of I l l i n o i s . 1/

Chicago DREAM, INC., Melbourne, Iowa, for approval to r e t a i n S & M Insurance Agency, Melbourne, Iowa and to continue to engage in general insurance agency a c t i v i t i e s in a town with l e s s than 5,000 popula t ion . V

Chicago Munter Agency, I n c . , Strawberry Po in t , Iowa, for approval to r e t a i n general insurance a c t i v i t i e s through Union Insur -ance Agency, Strawberry Po in t , Iowa in a town with l ess than 5,000 popula t ion . 1/

Minneapolis Dewco Agency, Co. , Timber Lake, South Dakota, for approval to continue to engage in general insurance a c t i v i t i e s in a town of l e s s than 5,000 popula t ion . 1/

Minneapolis Exchange S ta te Bancorporation, I n c . , H i l l s , Minnesota, f o r approval to acquire Exchange S ta te Agency, I n c . , H i l l s , Minnesota, a corporat ion engaged in general insurance agency a c t i v i t i e s in a community of l e ss than 5,000 popula t ion . 1/

Minneapolis F i r s t Bank System, I n c . , Minneapolis, Minnesota, f o r approval to acquire the commercial mortgage se rv ic ing p o r t f o l i o and c e r t a i n mortgage brokerage a c t i v i t i e s of Tower Mortgage Corporation, Minneapolis, Minnesota. 17

Permitted New York I rv ing Bank Corporat ion, New York, New York, n o t i f i c a t i o n

of i n t en t to engage in de novo a c t i v i t i e s ( s o l i c i t i n g and se rv ic ing c r e d i t and other r e l a t i o n s h i p s for I rv ing Bank Corpora t ion ' s d i r e c t and i n d i r e c t s u b s i d i a r i e s , including marketing c r e d i t and other se rv ices of fered by, and a s s i s t -ing i n the nego t ia t ion of the terms of t r ansac t ions with

T 7 A p p l i c a t i o n processed on behalf of the Board of Governors under delegated a u t h o r i t y .

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

H.2, 1980 No* 39 10 -


I rv ing Bank Corpora t ion ' s d i r e c t and i n d i r e c t s u b s i d i a r i e s , and se rv ic ing and monitoring extensions of c r e d i t and other r e l a t i o n s h i p s entered in to by I rv ing Bank Corpora t ion ' s d i r ec t and i n d i r e c t s u b s i d i a r i e s ; making loans and other extensions of c r e d i t and leas ing personal property i n accordance with the Board's Regulation Y) these a c t i v i t i e s w i l l be conducted from i t s p r inc ipa l o f f i c e in New York, New York and o f f i c e s in A t l an t a , Georgia; Chicago, I l l i n o i s ; C inc inna t i , Ohio; Da l l a s , Texas; Los Angeles, C a l i f o r n i a ; and Minneapolis, Minnesota, through a subs id ia ry , I rv ing Business Serv ices , I n c . (9/26/80) 3/

San Securi ty P a c i f i c Corporat ion, Los Angeles, C a l i f o r n i a , n o t i -Francisco f i c a t i o n of i n t en t to engage in de novo a c t i v i t i e s (making

or acqu i r ing , for i t s own account or for the account of o the r s , loans and extensions of c r e d i t Including making consumer ins ta l lment personal loans , purchasing consumer ins ta l lment sa les f inance con t r ac t s , making loans to small businesses and other extensions of c r ed i t such as would be made by a f a c to r i ng company or a consumer f inance company; and ac t ing a s broker or agent for the sa le of c r e d i t r e l a t e d l i f e , accident and hea l t h insurance and c r e d i t r e l a ted prop-e r t y and casua l ty insurance) a t 4240 Blue Ridge Boulevard, Blue Ridge Tower, Su i t e 934, Kansas Ci ty , Missouri , 13975 Manchester, Regency Park Center , Sui te 12, Manchester, Missouri and West Port P laza , Su i t e 408, S t . Louis , Missour i , through i t s wholly-owned subs id i a ry , The Bankers Investment Company d / b / a Securi ty P a c i f i c Finance Corp. (9/28/80) 3/

Securi ty P a c i f i c Corporation, 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 i n t e n t to engage in de novo a c t i v i t i e s ( o r i g i n a t -ing and acquir ing mortgage loans , including development and cons t ruc t ion loans on mul t i - f ami ly and commercial p rope r t i e s f o r i t s own account and f o r s a l e to o the r s , and se rv ic ing such loans for o thers ) in Da l l a s , Texas, through a subs id-i a ry , Secur i ty P a c i f i c Mortgage Corporation (9/25/80) 3/

Wells Fargo & Company, San Francisco, C a l i f o r n i a , n o t i f i c a -t ion of i n t e n t to engage in de novo a c t i v i t i e s ( (1 ) making loans and extensions of c r e d i t pr imar i ly to corpora t ions , ind iv idua l s or pa r tne r sh ips engaged i n a g r i c u l t u r a l produc-t i o n , d i s t r i b u t i o n , process ing, or other a g r i c u l t u r a l a c t i v i t i e s and (2) servic ing the loans o r extensions of c r e d i t descr ibed i n (1) above Including loan p a r t i c i p a t i o n s with o ther lenders) in Tulsa, Oklahoma and B i l l i n g s , Montana, through i t s subs id ia ry , Wells Fargo AG Credit (9/28/80) 3/

j F 7 4 ( c ) (8 ) or 4 (c ) (12) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y .

San Francisco

San Francisco

l


H.2, 1980 No. 39 - 1 1 -

APPLICATIONS RECEIVED

To E tab l l sh a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act

Richmond The Peoples Bank of C h e s t e r f i e l d , Ches t e r f i e ld County, V i r g i n i a . Branch to be e s t ab l i shed in the Meadowbrook Shopping Center a t the i n t e r s e c t i o n of Hopkins Road and Chippenham Parkway, Ches t e r f i e ld County, V i rg in i a , 2/

Atlan ta Exchange Bank and Trust Company of F l o r i d a , Tampa, F l o r i d a . To e s t a b l i s h an ATM to be loca ted in Gandy Boulevard a t Manhattan Avenue, Tampa, F l o r i d a . 2J

Chicago Bankers Trust Company, Des Moines, Iowa. To e s t a b l i s h an o f f s i t e e l ec t ron ic f a c i l i t y on the premises of the North-western Bel l Telephone Company, 604 9th S t r e e t , Des Moines, Iowa. 2/

* * * * *

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

Richmond F i r s t Vi rg in ia Bank - South Cen t ra l , Brookneal, V i rg in i a , to merge wi th The Farmers and Merchants Bank, I n c . of Amherst, Amherst, V i rg in i a . 2/

* * * * *

To Become a Member of the Federal Reserve System Pursuant t o Sect ion 9 of the Federa l Reserve Act

Kansas City C i t i zens Bank, L i t t l e t o n , Colorado. 2/

Kansas City F i d e l i t y Bank of Denver, Denver, Colorado. 2/

27 Applicat ion subject to Community Reinvestment Act. The Community Reinvestment O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod.


H.2, 1980 No. 39 - 1 2 -

APPLICATIONS RECEIVED-Contlnued

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

Pennbancorp, T i t u s v i l l e , Pennsylvania, f o r approval to acquire 100 percent of t he vot ing shares of The Penn-sylvania Bank and Trust Company, Warren, Pennsylvania and i n d i r e c t l y 5 .01 percent of t he vot ing shares of Bucks County Bank and Trust Company, Perkas ie ; 6.9 pe r -cent of t he vot ing shares of Easton National Bank and Trust Company, Easton; 10.0 percent of the vot ing shares of The M o r r i s v i l l e Bank, M o r r i s v i l l e ; 7 .8 percent of the vot ing shares of Southeast National Bank, Chester; 8.2 percent of t he vot ing shares of Third National Bank and Trust Company, Scranton; and 6.0 percent of the vot ing shares of Williamsport National Bank, Wil l iamsport , a l l in Pennsylvania . 2 j

CCB Corp. , A t l an t a , Georgia, for approval to acquire 80 percent of the vot ing shares of Clayton County Bank, Riverdale , Georgia. I f

CDB Corp. , A t l a n t a , Georgia, f o r approval to acquire 80 percent of the vot ing shares of Ci t i zens DeKalb Bank, Clarks ton , Georgia. 2/

FBH Corp. , A t l an ta , Georgia, for approval to acquire 80 percent of the vot ing shares of F i r s t Cornel ia Corpora-t ion d i r e c t l y & i n d i r e c t l y F i r s t Bank of Habersham, Cornel ia , Georgia. 2/

At lanta FCB Corp. , A t l an ta , Georgia, for approval to acquire 80 percent of the vot ing shares of F i r s t Commercial Bank, Buford, Georgia. 2/

At lan ta F i r s t Gwinnett Bancshares, I n c . , Lawrencevil le , Georgia, for approval to acquire 80 percent of the vot ing shares of F i r s t National Bank of Gwinnett County, Lawrencevi l le , Georgia. 2/

At lanta FMB Corp. , A t l a n t a , Georgia, f o r approval to acquire 80 percent of t he vot ing shares of Farmers & Merchants Bank, Summerville, Georgia. I f

27 Applicat ion sub jec t to Community Reinvestment Act. The Community Reinvestment O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod.

Cleveland

At lanta

At lan ta

At lanta


H.2, 1980 No. 39 — 13 -

APPLICATIONS RECEIVED-Continued

At lan ta Hardwick Holding Company, Dalton, Georgia, f o r approval to acquire 100 percent of the vot ing shares of Hardwick Bank & Trust Company, Dalton, Georgia. 2/

At lanta Roswell Bancshares, At lan ta , Georgia, for approval to acquire 80 percent of the vot ing shares of Roswell Bank, Roswell, Georgia. 2/

Atlan ta TGB Corp., A t l an t a , Georgia, f o r approval to acquire 80 per-cent of t he vot ing shares of The Gordon Bank, Gordon, Georgia. 2/

Chicago BATAVIA BANC CORPORATION, Chicago, I l l i n o i s , f o r approval to acquire 80 percent of t he vot ing shares of Batavia Bank, Batavia , I l l i n o i s . 2/

Chicago CENTRAL TRUST INVESTMENT, INC., Cherokee, Iowa, for approval to acquire a t l e a s t 80 percent or more of the vot ing shares of Centra l Trust and Savings Bank, Cherokee, Iowa. 2/

Chicago RUTHVEN INVESTMENT, LTD., Ruthven, Iowa, f o r approval to acquire a t l e a s t 80 percent or more of the vot ing shares of Ruthven S ta te Bank, Ruthven, Iowa. 2J

Chicago S t a t e Bancshares I n c . , Scha l l e r , Iowa, for approval to acquire a t l e a s t 80 percent of the vot ing shares of S ta te Bank of S c h a l l e r , Scha l l e r , Iowa. 2/

Minneapolis Clara City Bancorporaton, I n c . , Clara Ci ty , Minnesota, f o r approval to acquire 96.0 percent of t h e vot ing shares of Clara City S ta t e Bank, Clara City, Minnesota. 2/

Minneapolis Hudson Bancshares Corporat ion, Hudson, Wisconsin, for approval to acquire a t l e a s t 85.4 percent of the voting shares of The S t a t e Bank of Hudson, Hudson, Wisconsin. 2/

Minneapolis NorKitt Bancorp, I n c . , Hallock, Minnesota, f o r approval to acquire 100 percent of t h e vot ing shares of C-D-L Corpora-t ion and i n d i r e c t l y 97.7 percent of the voting shares of Northwestern S t a t e Bank of Hallock, Hallock, Minnesota. 2/

Minneapolis Western Development, I n c . , Bozeman, Montana, f o r approval to acquire a t l e a s t 80 percent of t he vot ing shares of Western Bank of Bozeman, Bozeman, Montana. 2/

27 Appl icat ion subjec t to Community Reinvestment Act. The Community Reinvestment O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod .


H.2, 1980 No. 39 — 14 —


Minneapolis Wlllmar Bancorporation, Inc .* Willmar, Minnesota, f o r ap-proval to acquire 83.85 percent of t he vot ing shares of Ci t izens National Bank of Wlllmar, Willmar, Minnesota. 2/

Kansas City Brunswick Bancshares, I n c . , Brunswick, Nebraska, for ap-proval to acqui re a t l e a s t 82 percent of the voting shares of Brunswick S ta t e Bank, Brunswick, Nebraska. 2/

Kansas City Farmers Bancshares, I n c . , Nebraska Ci ty , Nebraska, f o r ap-proval to acquire a t l e a s t 99.8 percent of t he voting shares of Farmers Bank, Nebraska Ci ty , Nebraska. 2/

Kansas City F i r s t Bancshares of Muskogee, I n c . , Muskogee, Oklahoma, fo r approval to acquire 80 percent of the vot ing shares of F i r s t of Muskogee Corporation, Muskogee, Oklahoma and i n d i r e c t l y 100 percent of the vot ing shares of The F i r s t National Bank and Trust Company of Muskogee, Muskogee, Oklahoma. 2/

Kansas City F i r s t Chattanooga Corporat ion, Chattanogga, Oklahoma, f o r approval to acquire a t l e a s t 80 percent of t he voting shares of The F i r s t Bank of Chattanooga, Chattanooga, Oklahoma. 2/

Kansas City McPherson County Bancorp., I n c . , Canton, Kansas, f o r ap-proval to acqui re 80 percent of t h e vot ing shares of The Farmers S t a t e Bank & Trust Company, Canton, Kansas. 2/

Kansas City Ridgeway Bancshares, I n c . , Ridgeway, Missour i , for approval to acqui re a t l e a s t 98 percent of the vot ing shares of The Farmers National Bank of Ridgeway, Ridgeway, Missour i . 2/

Dallas Peoples Bancshares of Caddo, I n c . , Blanchard, Louis iana , for approval to acquire 80-100 percent ( l e s s d i r e c t o r s ' qua l i fy ing shares) of the vot ing shares of Republic Bank, Blanchard, Louis iana . 2 /

2 / Appl icat ion subjec t to Community Reinvestment Act. The Community Reinvestment O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod .


H.2, 1980 No. 39 — 15 —


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

At lan ta Barnet t Banks of F l o r i d a , I n c . , J acksonv i l l e , F lo r ida , f o r approval to acquire 80 per cent o r more of t he voting shares of Hobe Sound National Bank, Martin County (P.O. Hobe Sound), F l o r i d a . 2/

* * * * *

To Expand a Bank Holding Company Pursuant to Sect ion „ ^ 4 (c ) (8 ) of the Bank Holding Company Act of 1956

Boston Worcester Bancorp, I n c . , Worcester, Massachuset ts , for approval to engage through Wornat Development Corpora-t i o n , Worcester, Massachuset ts , for the purposes of conducting an order ly l i q u i d a t i o n of the loans rece ivable and r e a l e s t a t e held by the Company.

Chicago LeRoy C. Darby, I n c . , Monona, Iowa, to continue to engage in a c t i v i t i e s t h a t were commenced de novo (making loans which may or may not include i n s i d e r t r ansac t ions i . e . farm and c i t y r e a l e s t a t e loans , commercial and i n d u s t r i a l loans , s i ng l e payment and ins ta l lment loans to ind iv idua ls for household, family and other personal expenses, including purchased paper ) .

Chicago Midland Mortgage Corporation, D e t r o i t , Michigan, n o t i f i c a -t ion of i n t e n t to engage in de novo a c t i v i t i e s ( to engage in the o r i g i n a t i o n of mortgage loans) a t two branches loca ted in Clearwater, Flor ida and Grand Rapids, Michigan (9/17/80) 3/

Minneapolis Jerema, I n c . , Cannon F a l l s , Minnesota, f o r approval to con-t inue to engage in opera t ing a general insurance agency in a community with l e s s than 5,000 popula t ion .

Kansas City United Missouri Bancshares, I n c . , Kansas Ci ty , Misouri , no-t i f i c a t i o n of i n t en t to engage in de novo a c t i v i t i e s ( to engage i n mortgage banking a c t i v i t i e s ) to be located on the premises of United Missouri Bank of Ferguson, Ferguson, Missour i , through i t s subs id ia ry , United Mortgage Company (9/22/80) 3/

2 / Applicat ion subjec t to Community Reinvestment Act. The Community Reinvestment O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod.

3/ 4 (c ) (8 ) or 4(c) (12) n o t i f i c a t i o n processed by Reserve Bank on behalf


H.2, 1980 No. 39 - 16 -

APPLICATIONS RECEIVED-Contlnued

San Securi ty P a c i f i c Corporation, Los Angeles, C a l i f o r n i a , not1-Franclsco f l e a t I o n of i n t en t to engage In de novo a c t i v i t i e s (making

or acqui r ing , f o r i t s own account or f o r the account of o the r s , asse t -based business loans and other commercial or i n d u s t r i a l loans and extensions of c r e d i t such as would by made by a f a c t o r i n g , rediscount or commercial f inance company) a t 2001 Midwest Road, Oak Brook, I l l i n o i s , through i t s i n d i r e c t subs id ia ry , Secur i ty P a c i f i c Finance Corp. (9/24/80) 3/

Securi ty P a c i f i c Corporation, Los Angeles, C a l i f o r n i a , no-t i f i c a t i o n of in t en t to engage in die novo a c t i v i t i e s (mak-ing or acqui r ing , f o r i t s own account or f o r the account of o the r s , loans and extensions of c r e d i t including making consumer ins ta l lment personal loans, purchasing consumer ins ta l lment sa les f inance c o n t r a c t s , making loans to small businesses and other extensions of c r e d i t such as would be made by a f ac to r ing company or a consumer f inance company; and ac t ing as broker or agent fo r the sa le of c r e d i t re la ted l i f e , accident and heal th insurance and c r e d i t r e l a t e d prop-e r ty and casual ty insurance) in Santa Ana, San Bernardino and Santa Barbara, C a l i f o r n i a , through i t s wholly-owned sub-s i d i a r y , Secur i ty P a c i f i c Finance Corp. (9/25/80) 3/

U.S. Bancorp, Por t l and , Oregon, n o t i f i c a t i o n of in t en t to engage In de novo a c t i v i t i e s (making, acquir ing and s e rv -ic ing of loans and other extensions of c r e d i t e i t h e r secured or unsecured f o r i t s own account or f o r the ac-count of o t h e r s , inc luding t he making of consumer i n s t a l l -ment l oans , purchasing consumer ins ta l lment and rea l e s t a t e sa les f inance con t rac t s and evidences of debt and making consumer home equity loans secured by r e a l e s t a t e , making i n d u s t r i a l loans; and ac t ing as insurance agent with regard to c r e d i t l i f e and d i s a b i l i t y insurance so le ly in connection with extens ions of c r e d i t by U.S. Credi tcorp) in Por t land , Oregon, through i t s subs id ia ry , U.S. Creditcorp (9/24/80) 3/

3 / 4 ( c ) ( 8 ) or 4(c) (12) 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 .

San Francisco

San Francisco

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

H.2, 1980 No. 39 17


REPORTS RECEIVED

Current Report F i led Pursuant to Section 13 of the Secu r i t i e s Exchange Act

Forest H i l l S t a t e Bank, Forest H i l l , Maryland.

Valley Bank of Nevada, Las Vegas, Nevada•

* * * * *

PETITIONS FOR RULEMAKING

None.
