h2_19830716.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1983 No. 28)

Actions of the Board; Applications and Reports

Received During the Week Ending July 16, 1983

APPLICABLE RESERVE BANK

New York

New York

Cleveland

richmond

Richmond

ACTIONS OF THE BOARD

Extension of time to August 1, 1983, for comment on proposed revis ion of Regulation Y. (Docket No. R-0470)

Revised Policy on Unionization and Collect ive Bargaining for the Federal Reserve Banks, e f f e c t i v e July 11, 1983. (Docket No. R-0462)

Capital National Bank of New York, New York, New York, proposal to purchase cer ta in asse ts and assume the l i a b i l i t i e s of a branch of American Savings Bank, New York, New York; report to the Comptroller of the Currency on competitive f a c t o r s . ]_/

Bank of New York, New York, New York, extension of time to July 27, 1984, within which to es tab l i sh branches: (1) in the immediate v i c in i ty of the i n t e r sec t ion of Mamaroneck and Union Avenue, Town of Harrison, New York; and (2) in the immediate v i c i n i t y of Marcus Boulevard and Vanderbilt Motor Parkway, Town of Smithtown, New York. _]_/

Empire Bancshares, I n c . , Hicksvi l le , Ohio, extension of time to October 22, 1983, within which to acquire the Hicksvi l le Bank, Hicksv i l l e , Ohio. J_/

Bank of Char lot te County, Phenix, Virginia , an inves t -ment in bank premises. J /

Parkersburg National Bank, Parkersburg, West Virginia , proposed merger with The Bank of Dunbar, Dunbar, West Vi rg in ia ; report to the Comptroller of the Currency on competit ive f a c t o r s . 1/

T7 Application 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, 1983 Ho.

ACTIO*5 OF THE BOARD - Continued

Richmond

k i c h,no"d

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Chicago

kepuDiic National Bank, Columbia, South Carol ina, proposed merger with New Republic National Bank, Columbia, South Carol ina , a proposed new bank; report to the Comptroller of the Currency on competi t ive f a c t o r s . J /

Farmers' and Merchants' Bank, Morgantown, West Vi rg in ia , proposed merger with FMB Bank Co., Morgantown, West Vi rg in ia ; report to the Federal Deposit Insurance Corporation on competit ive f a c t o r s . J /

J e f f e r s o n Bank and Trust Company, Meta i r ie , Louisiana, proposed merger with Guaranty Bank and Trust Company, Gretna, Louisiana; report to the Federal Deposit Insurance Corporation on competit ive f a c t o r s . _]_/

Merchants and Plan ters Corporat ion, Newport, Tennessee, extension of time to October 11, 1983, within which to become a bank holding company through the acqu i s i t i on of Merchants and Planters Bank, Newport, Tennessee. V

NCN8 National Bank of F l o r i d a , Boca Raton, F lo r ida , NCNB National Bank of F lo r ida , Tampa, F lor ida , and the F i r s t National Bank of Lake Ci ty , Lake C i t y , F l o r i d a , porposed merger with NCNB National Bank of F l o r i d a , Tampa, F lo r ida ; repor t to the Comptroller of the Currency on competi t ive f a c t o r s . V

Flag ler Bank Corporat ion, West Palm Beach, F lor ida , extension of time to October 18, 1983, within which to become a bank holding company through the a c q u i s i t i o n of Flagler National Bank of the West Palm Beaches, West Palm Beach, F lo r i da . \J

F i r s t American Bank of Knoxville, Knoxvilie, Tennessee, proposed merger with Palm National Bank, Knoxvil le, Tennessee; repor t t o the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . V

Ci t izens Commercial & Savings Bank, F l i n t , Michigan, an investment in bank premises . 1/

if Ayj-iiCAtiof. i - r t i i , « ; r ' t of the Board of Governors under


11./.

"Hi hO-kf - Continued

Chit aoc

S t . I s

St . lo%

M i n n e a ^ h s

Kansas City

\%nyamof r j^k jnd Trust , S p r i n g f i e l d , I l l i n o i s , ^ro^osm; merger with Midwest Bank and Trus t , S p r i n g f i e l d , I l l i n o i s , under the cha r t e r of Midwest Bank ana Trust and t i t l e of Sangamon Kan*f ano Trust ; repor t to t he Federal Deposit Insurance Corporation on competi t ive f a c t o r s . V

F i r s t Commerce Corporation* New Albany, Miss i s s ipp i , extension or time to October 23, 1983, within which to becone <* oank holding company through the acqu i s i t i on o+ F i r s t National Bank, New Albany, M i s s i s s i p p i . [

u t i f e n s Ba?+t, Hickman, Kentucky, proposal to merge wi tn The Ci t i zens Acquisi t ion Bank, Hickman, Kentucky; repor t to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . 2 /

Flatneao Holding Company of Bigfork, Bigfork, Montana, extension of time to October 11, 1983, within which to acquire The Flathead Bank of Bigfork, Kit,fork. Montana. ] /

Windsor Pancorperat ion, I n c . , Windsor, Colorado, extension of time to October 15, 1983, within which to acquire Bank of Windsor, Windsor, Colorado. 1/

Kansas City Commerce Bancshares, I n c . , Kansas Ci ty , Missouri , extension nt time to September 15, 1983, within whirh to acquire and open Commerce Bank of Lee's SuM%iT, Tt.A., Lee's Summit, Missouri , a proposed new n a n , . 1/

Kansas

Dallas

r e n r a : bancor rora t ion , I n c . , Central Colorado Company, r . r . K . , M r . , a l l of Denver, Colorado, extension

c* Ti ie to August ? , 1983, within which to acquire Centrai Hank of Highlands Ranch, N.A, Arapahoe- County, Colorado, a proposed new bank. 2 /

f i d e l i t y Bancshares, I n c . , Temple, Texas, extension of time t c Auyust 14, 1983, within which to acquire HoDinson Sta te Bank, Robinson, Texas. 2 /

Oallas Texas Commerce Bancshares, I n c . , Houston, Texas, extension of time to October 12, 1983, within which to acquire and open for bus iness , Texas

karK-Northcross, N.A., Austin, Texas. 1/

Application processed on behalf of the Board Of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 28 - 4 -

ACTIONS OF THE BOARD - Continued

F i r s t City Bancorporation of Texas, I n c . , Houston, Texas, extension of time to September 3, 1983, within which to acquire F i r s t City Bank-MOPAC, N.A., Aust in , Texas. V

Gaines Bancshares, I nc . , Seminole, Texas, extension of time to October 10, 1983, within which to acquire F i r s t National Bank, Seminole, Texas. J J

F i r s t City Bancorporation of Texas, I nc . , Houston, Texas, extension of time to September 5, 1983, within which to acquire F i r s t City Bank-East, N.A., El Paso, Texas. J J

Grand Canyon Sta te Bank, G i lbe r t , Arizona, proposed purchase of a s se t s and assumption of l i a b i l i t i e s of the Baseline Road Branch of Southwest Saviangs and Loan Associa t ion , Phoenix, Arizona, report to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . J_/

Washington Mutual Savings Bank, S e a t t l e , Washington, proposed acqu i s i t i on of branch f a c i l i t i e s and purchase of depos i t s of the Walla Walla, Richland, and Yakima branches of United Mutual Savings Bank, Tacoma, Washington; report to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . J j

\ j Application processed on behalf of the Board of Governors under delegated a u t h o r i t y .

Dal l as

Dallas

Dal las

San Francisco

San Francisco

I


H.2, T983N0. 28 - 5 -


To Establ i sh a Domestic Branch Pursuant to Section 9 of tne Federal Reserve Act

New York

Richmondd

Richmond

Chicago

Approved Central Trust Company, Rochester, New York. 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 at Wegmans Food Market, 650 Hylan Drive, Town of Henr i e t t a , New York. J 7

Bank of Vi rg in ia , Richmond, Vi rg in ia . To e s t a b l i s h an e l ec t ron ic funds t r a n s f e r f a c i l i t y at 333 Waterside Dr . , Norfolk, V i rg in ia . J /

F i r s t Virginia Bank - Colonial , Richmond, Vi rg in ia . To e s t a b l i s h a branch on the eas t s ide of North Washington Highway j u s t north of the Ashland/ Hanover Shopping Center , Ashland, Vi rg in ia . ]_/

Peoples Bank & Trust Company, Cedar Rapids, Iowa. To e s t a b l i s h an EFT at Mercy Hospi ta l , 701-10th S t . , S .E . , Cedar Rapids, Iowa. 1/

* * * * *

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

Approved chicago WB Sta te Bank, Wayne, Michigan, t o merge with Wayne

Bank, Wayne, Michigan. V

* * * * *

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

Approved Chicago WB S ta te Bank, Wayne, Michigan. ]_/

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


H.2, 1983 No. W - 6 ~ W


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

Not Disapproved Kansas City Utica Bankshares Corporat ion, Tulsa, Oklahoma. V

Kansas City Business Administrat ive Needs of Kansas, L td . , Wichita, Kansas. J /

* * * * *

Applicat ions and No t i f i ca t i ons for In ternat ional Investment and Other Actions Pursuant to Sections 25 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

Approved Chicago F i r s t Chicago Corporat ion, Chicago, I l l i n o i s : grants

consent to continue to hold 100 percent of the shares of F i r s t Chicago Overseas Finance N.V., Curacao, Netherlands A n t i l l e s .

* * * * *

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

Approved R cn uno City Holding Company, Charleston, West Vi rg in ia ,

for approval to acquire 100 percent of the voting shares or the successor by merger to The City National Bank of Charles ton, Charles ton, West Vi rg in ia . ] /

Atlanta Edison Banks, I n c . , Fort Myers, F lo r ida , for approval to acouire at l e a s t 80 percent of the voting shares of Securi ty National Bank, Fort Myers, F lo r ida , a ; rn;,fKed new bank. V

At .d ' t o New Iber ia National Bancorp, I n c . , New Ibe r i a , Louis iana, f o r approval to acquire at l eas t two t h i r d s of the voting shares of New Iberia National Bank, New I b e r i a , Louis iana. 1/

'1/ . r ; ' IT c t a rc of Governors under a u t h o r i t y .


. . 1983 No. 28 - 7 -

Atlanta

Cm; ago

Chicago

S t . Louis

S t . Louis

Kansas City

Pi fweapol is

Kansas City


Wrightsv i l ie Holding Company, Wr igh t sv i l i e , Georgia, for approval t o acquire 100 percent of the voting shares of Exchange Bank of Wrightsvi1le , Wrightsvi1le, Georgia. \J

F i r s t Oak Brook Bancshares, I n c . , Oak Brook, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successors by merger to Oak Brook Bank, Oak Brook, I l l i n o i s , F i r s t National Bank and Trust Company of Oak Brook, Oak Brook, I l l i n o i s , and Metropolitan Trust & Savings Bank of Addison, Addison, I I I i n o i s

WB FINANCIAL CORP., Wayne, Michigan, for approval to acqui re 100 percent of the voting shares of the successor by merger to Wayne Bank, Wayne, Michigan. _]_/

B.S.H.C.P. Corporat ion, She lbyv i l i e , Kentucky, for approval to acquire a t l eas t 96 percent of the voting shares of Bank of She lbyv i l l e , She lbyvi l l e , Kentucky. ]_/

Par i s Bancshares, I nc . , P a r i s , Missouri , for approval t o acquire at l eas t 80 percent of the voting shares of The Par is National Bank, P a r i s , Missouri .

Valley Center Bancshares, I n c . , Valley Center, Kansas, for approval to acquire at l eas t 80 percent of the voting shares of Arkansas Valley S ta te Bank, Valley Center , Kansas.

GRANITE HOLDING CORPORATION, Granite F a l l s , Minnesota, for approval to aqui re 100 percent of the voting shares of Granite Fa l l s Sta te Bank, Granite F a l l s , Minnesota. _]_/

Armstrong Bancshares, I nc . , Florence, Kansas, fo r approval to acquire a t l eas t 96.3 percent of the voting shares of Florence S ta te Bank, Florence, Kansas. 1/

r»r.Ms City Commercial Sta te Holding Company, I n c . , Republican C i t y , Nebraska, for approval to acquire at leas t H6.3S percent of the voting shares of Commercial Sidtt* Bank, Republican C i ty , Nebraska. \J

City Hays S ta te Bankshares, I n c . , Wichita, Kansas, for approval to acquire a t l eas t 92.5 percent of the voting shares of Hays Sta te Bank, Hays, Kansas. V

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


H 1 9 8 3 N o . 2 8 - 8 -


Kansas Ci ty

Kansas City

Kansas City

Kansas City

Kansas City

Kansas City

Dallas

l a iSas

MEMSEC, I n c . , Elm Creek, Nebraska, f o r approval to acqui re 100 percent of the voting shares of F i r s t National Bank of Elm Creek, Elm Creek, Nebraska. _]_/

Hunden Bankshares, I n c . , Munden, Kansas, for approval t o acqui re 100 percent of the voting shares of Munden, Kansas. J /

Ore Bancorporat ion, Leadv i l l e , Colorado, fo r approval t o acqui re a t l e a s t 92.1 percent of the voting shares of F i r s t National Bank of Leadvi l le , Leadv i l l e , Colorado. V

Pa thf inder Bancshares, I n c . , Fremont, Nebraska, for approval t o acqui re 100 percent of the voting shares of Fremont National Bank and Trust Company, Fremont, Nebraska. W

Port i s Bancshares, I n c . , P o r t i s , Kansas, for approval to acquire at l e a s t 80 percent of the voting shares of F i r s t S ta te Bank, P o r t i s , Kansas.

Summit Bancshares, Lee 's Summit, Missouri , fo r approval t o acquire a t l e a s t 50.25 percent of the voting shares of Bank of Lee's Summit, Lee 's Summit, Missour i , 1/

The F i r s t J e f f e r s o n Company, J e f f e r s o n , Texas, f o r approval to acquire a t l e a s t 80 percent of the voting shares of The Je f f e r son Company, J e f f e r s o n , Texas, and i n d i r e c t l y The F i r s t National Bank of J e f f e r s o n , J e f f e r s o n , Texas. J_/

Keene Bancorp, I n c . , Keene, Texas, for approval to acqui re 91.08 percent of the voting shares of F i r s t S ta te Bank, Keene, Texas. J /

T7 Application processed on behalf of the Board of Governors under ~ delegated a u t h o r i t y .


H.2, 1983 No. 28 - 9 -


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

Approved Phi ladelphia Dauphin Deposit Corporat ion, Harr isburg, Pennsylvania,

fo r approval to acquire 100 percent of the voting shares of Bancorp of Pennsylvania, Reading, Pennsyl-vania and i n d i r e c t l y Bank of Pennsylvania, Reading, Pennsylvania. j_/

F i r s t Bancorporation of Ohio, Akron, Ohio, for approval to acquire 100 percent of the voting shares of Elyria Savings and Trust National Bank, E l y r i a , Ohio. ] /

American National Corporat ion, Chicago, I l l i n o i s , fo r approval t o acquire 100 percent of the voting shares ( l e s s d i r e c t o r s ' qua l i fy ing shares) of F i r s t Lake County Corporat ion, L i b e r t y v i l l e , I l l i n o i s and i n d i r e c t l y F i r s t National Bank of L i b e r t y v i l l e , L i b e r t y v i l i e , I l l i n o i s .

Suburban Bancorp, I nc . , P a l a t i n e , I l l i n o i s , for approval to acquire a t l e a s t 98 percent of the voting shares of Suburban Bank of Barr ington, Barr ington, I l l i n o i s .

* * * * *

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

Approved Philadelphia Dauphin Deposit Corporat ion, Harr isburg, Pennsylvania,

fo r approval to acquire 100 percent of the voting shares of Callowhill Life Insurance Company, Phoenix, Arizona and Financial Real ty , Inc. J_/

Cleveland BancOhio Corporat ion, Columbus, Ohio, for approval to engage in mortgage loans and other extensions of c r e d i t through i t s subs id i a ry , W. Lyman Case & Company.

Cleveland

Chicago

Chicago

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


H.2, 1983 No. 10


Richmond NCNB Corporat ion, Char lo t t e , North Carol ina, fo r approval of the p a r t i c i p a t i o n to the extent of a one-tenth i n t e r e s t in Florida Interchange Group, I n c . , a de novo corporat ion that would operate an e l e c t r i c funds t r a n s f e r interchange network in F lo r ida .

Atlanta

S t . Louis

San Francisco

San Francisco

At lan t i c Bancorporation, Barnett Banks of Florida I n c . , and Florida National Banks of F lo r ida , Inc . , a l l of J acksonv i l l e , F lor ida ; F i r s t Florida Banks, Inc . , Tampa, F lor ida ; Landmark Banking Corporation of F lo r ida , Fort Lauderdale, F lor ida ; Southeast Banking Corporation, Mi ami, F lor ida ; Southwest Florida Banks, I nc . , Fort Myers, F lo r ida ; and Sun Banks of F lor ida , Inc . , Orlando, Florida fo r approval to each acquire 10 percent of the voting shares of Florida Interchange Group, I n c . , Orlando, Florida tha t will engage in data processing a c t i v i t i e s .

Centerre Bancorporation, Mercantile Bancorporation, County Tower Corporation, a l l of S t . Louis, Missouri , Charter Corporation, Kansas Ci ty , Missouri , and CNB Financial Corporation, Kansas Ci ty , Kansas, fo r approval to engage de novo in data processing a c t i v i t i e s through Monetary Transfer Systems, S t . Louis, Missouri , a j o i n t ven tu re .

Central Pac i f i c Corporation, Bakers f ie ld , Ca l i fo rn i a , fo r approval to acquire at l ea s t 40 percent of the voting shares of Executive Appraisers , Inc . , Phoenix, Arizona, and to engage in the nonbanking a c t i v i t i e s of real e s t a t e a p p r a i s a l s . ]_/

Alaska Pac i f i c Bancorporation, Anchorage, Alaska, for approval to acquire 100 percent of the voting shares of Pentek Leasing, I n c . , San Jose , C a l i f o r n i a . 1/

Reactivated Minneapolis Norwest Corporation (formerly Northwest Bancorporation),

Minneapolis, Minnesota, n o t i f i c a t i a o n of in ten t to engage in de novo a c t i v i t i e s ( in investment advisory and small business investment company a c t i v i t i e s ) at 1730 Midwest Plaza Building, Minneapolis, Minnesota; 3018 F i r s t National Tower,

] / Application "processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 28 ^ - 11 -

ACTIONS OF THE BOARD - CONTINUED

Por t land , Oregon and 7625 West F i f t h Avenue, Suite 202, Lakewood, Colorado, serving the cont ine ta l United S t a t e s , through i t s subs id i a ry , NWB Venture Capital Co. (7/13/83) 3/

Permitted Boston Bank of Boston Corporat ion, Boston, Massachusetts,

n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s (making or acquiring loans and other extensions of c r e d i t such as would be made by a mortgage company; servic ing such loans for o the r s ; ac t ing as investment or f inanc ia l advisor for a mortgage or real e s t a t e investment t r u s t ; per-forming appra i sa l s of real e s t a t e ; and leasing of real property in accordance with the Board's Regulation Y) at Perimeter Center , At lan ta , Georgia, serving the S ta tes of Georgia, Alabama, North Carol ina, South Carolina and Tennessee, through i t s subs id i a ry , F i r s t of Boston Mort-gage Corporation (7/15/83)

Boston Bank of Boston Corporation, Boston, Massachusetts, 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 ( to engage in performing appra i sa l s of real e s t a t e ) in Boston, Massachusetts, Boca Raton, Florida and Dal las , Texas, serving the S ta tes of Alabama, Arizona, Arkansas, C a l i f o r n i a , Colorado, Connecticut , F lo r ida , Georgia, Kansas, Louis iana, Maine, Massachusetts , Miss i s s ipp i , Missouri , Nevada, New Hampshire, New Mexico, North Caro l ina , Oklahoma, Rhode I s land , South Carol ina , Tennessee, Texas, Utah, Vermont and Vi rg in ia , through i t s subs id i a ry , F i r s t of Boston Mortgage Corporation (7/15/83) 3/

Boston KIHT Financial Corporation (formerly Hospital Trust Corpora t ion) , Providence, Rhode Is land, 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 ( in the o r i g i n a t i o n , s a l e and se r -vicing of r e s i d e n t i a l and commercial mortgage loans) at 8330 Old Courthouse Road, Tysons Corner, Vi rg in ia , the service area for the mortgage banking a c t i v i t i e s would be Virg in ia ; the se rv ic ing a c t i v i t y would be of fe red on a nationwide b a s i s , through i t s subs id ia ry , RIHT Mortgage Corporation (7/15/83) 31/

w not m c a t ion processed by Reserve Bank on behalf of Che Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 28 - 1 2 -


New York C i t i c o r p , New York, New York, requests permission to e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s ( the making or acquir ing of loans and o ther extensions of c r e d i t , secured or unsecured, f o r consumer and other purposes; the s a l e of c r e d i t r e l a t ed l i f e and accident and hea l th insurance by l icensed agents or brokers , as r equ i r ed ; the sa l e of consumer or iented f i -nancial management courses ; the s e r v i c i n g , fo r any person , of loans and o ther extensions of c r e d i t ; the making, acquir ing and s e r v i c i n g , fo r i t s own account and for the account of o t h e r s , of ex tens ions of c r e d i t t o ind iv idua ls secured by l i en s on r e s i d e n t i a l or non- res ident ia l real e s t a t e ; and the s a l e 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 extens ions of mortgage loans; in a d d i t i o n , the de novo o f f i c e of CFI proposes to engage in the s o l i c i t i n g of merchants t o p a r t i c i p a t e in the choice c r e d i t card program so tha t merchants will accept the choice card from customers) at Twin-brook O f f i c e Center , 1700 Rockvil le Pike, Rockvi l l e , Maryland, through i t s s u b s i d i a r i e s , C i t i co rp F inanc i a l , Inc . ("CFI") and Ci t icorp Homeowners, Inc . (7/14/83) 3/

New York C i t i c o r p , New York, New York, request permission t o e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s ( t he making or acquir ing of loans and o ther extensions of c r e d i t , secured or unsecured, f o r consumer and o ther purposes; the s a l e of c r e d i t r e l a t e d l i f e and accident and hea l th insurance by l icensed agents or b roke r s , as r equ i red ; and the s e r v i c i n g , fo r any person , of loans and other extensions of c r e d i t ) a t 503 Libbie Avenue, Richmond, Virg in ia ; C i t i co rp a l so reques t s permission to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e of CFI to include the following a c t i v i t i e s ( the sa le of c r e d i t r e l a t e d l i f e and accident and heal th insurance by l icensed agents or brokers) at U.S. Commerce Center , 2697 Dean Drive, Virginia Beach, V i r g i n i a , through i t s subs id i a ry , Ci t icorp F i n a n c i a l , Inc . ("CFI") (7/14/83) 3/

37 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 .


ACTONS OF TM LDAPD - Continued

New York Deutsche Bank AG, Frankfur t /Main, Federal Republic m Germany, requests permission to r e loca te the head o f f i c e engaging in the following a c t i v i t i e s (providing dea le r s of a f f i l i a t e s of Daimler-Benz AG in t**e United S ta tes and Canada with wholesale f inancing in the form of loans to f inance dea lers inven tor ies secured by such inventor ies and providing customers of a f f i l i a t e s of Daimler-Benz AG in the United S ta t e s and Canada and t h e i r dea le rs *«th r e t a i l f inancing cons i s t ing of purchases by the company from such a t f i l i a t e s and t h e i r dea le rs of r e t a i l ins ta l lment ob l iga t ions undertaken by the customer in respect of equipment purchased by the customers of purchases of l ease rece ivables and dea le r ren ta l rece ivab les in respect of the equipment leased by the customer and of f u l l payout leas ing of products of such a f f i l i a t e s and such dea le rs ) from 1815 Southwest Mario* Avenue* Por t land, Oregon to 201 H e r r i t t 7, Merr i t t 7 Corporate Park, Norwalk, Connect icut , through i t s s u b s i d i a r y , Mercedes-Benz Credit Corporation (7/10/83) 3/

New TO t Manufacturers Hanover Corporat ion, New York, New York, reques t s permission to r e loca te an o f f i c e engaging in the following a c t i v i t i e s (making or acquir ing loans and other extensions of c r e d i t , secured or unsecured, such as would be made or acquired by a f inance company under South Carolina law; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance , c r e d i t accident and heal th insurance, and c r e d i t - r e l a t e d property insurance) from 58 E. Public Square, Dar l ington, South Carolina to 1637 W. Palmetto S t r e e t , Florence, South Carol ina , through i t s s u b s i d i a r y , Finance One of South Carol ina, Inc. (7 /9 /83) 3/

New York Skandinaviska Enskilda Banken, Stockholm, Sweden, reques t s permission to engage in the following a c t i v i t i e s (providing f inancing pr imari ly in connection with imports of c ap i t a l goods in to the United S ta tes by Swedish, Nordic and U.S. companies, and t h e i r a f f i l i a t e s , including rece ivab les and inventory f i nanc ing , lease f inancing and making or acquir ing fo r i t s own account or fo r the account of o t h e r s , loans and o ther extensions of c r e d i t such as would

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 a u t h o r i t y .


H.?, 1983 No, 28 - ]4 -


be made by a f inance or f ac to r ing company) at 245 Park Avenue, New York, New York, through a de novo subs id i a ry , FinansSkandic Corporation (7/107831 3/

Richmond American Securi ty Corporat ion, Washington, D.C., 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 (providing p o r t f o l i o investment advice, pr imar i ly to Pension and P r o f i t Sharing Trusts q u a l i f i e d under Section 401 of the Internal Revenue Code of 1954, as amended, but a lso t o other i n s t i t u t i o n s and ind iv idua l s ; serving as the advisory company fo r mortgage or real e s t a t e investment t r u s t s ; serving as investment a d v i s e r , as def ined in Section 2(a)(20) of the Investment Company Act of 1940, to investment companies r eg i s t e r ed under the Act; fu rn ish ing general economic information and advice , general economic s t a t i s t i c a l fo recas t ing s e r v i c e s , and industry s t u d i e s ; and providing f inanc ia l advice to s t a t e and local governments such as with respect to the issuance of t h e i r s e c u r i t i e s ) at 655 F i f t e en th S t r e e t , N.W., Washington, D.C., through a subs id i a ry , ASB Capital Management Inc. (7/14/83) 3/

Ci t izens Bancorporation, Sheboygan, Wisconsin, n o t i f i -ca t ion of in ten t to engage in de novo a c t i v i t i e s ( l eas ing personal property or act ing as agent , broker or advisor in leasing such property) at 801 East Walnut S t r e e t , Green Bay, Wisconsin, through i t s subs id i a ry , Ci t izens Equipment Finance Corp. (7/16/83) 3/

Chicago Comprehensive Investment Company, Coon Rapids, Iowa, n o t i f i c a t i o n of in ten t to (engage in the general insurance in a town with a population not exceeding 5,000) at 341-1/2 4th S t r e e t , Manil la , Iowa, serving the c i t y of Manilla, Iowa, and i t s surrounding rural area within a ten mile radius of Manil la , Iowa, through Manilla Insurance Agency, Inc. (7/11/83) 3/

Chicago San Jose Banco, I n c . , Freemont, Indiana, 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 (in the sa l e of general insurance in San Jose , I l l i n o i s , a town with a population not exceeding 5,000; these a c t i v i t i e s would be performed in the town

Chicago

37 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 a u t h o r i t y .


H.2, 1983 No. 28 ^ - 15 -


of San Jose , I l l i n o i s and the surrounding rural area) through a subs id ia ry , San Jose Insurance Agency, Inc . (7/12/83) 3/

S t . Louis F i r s t National Holding Company, Oxford, Miss i s s ipp i , 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 ( to engage in operat ing an on- l ine computer serv ice in Lafayet te County, Miss iss ippi) at 1203 Jackson Avenue, Oxford, Miss i s s ipp i , serving the City of Oxford, Mississippi and the surrounding rural area within Lafayet te County (7/12/83) 3/

Minneapolis Norwest Corporation(formerly Northwest Bancorporat ion), Mineapolis, Minnesota, 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 ( in investment advisory and small business investment company a c t i v i t i e s ) at 1730 Midwest Plaza Building, Minneapolis, Minnesota; 3018 F i r s t National Tower, Port land, Oregon and 7625 West F i f t h Avenue, Suite 202, Lake-wood, Colorado, serving the cont inental United S t a t e s , through i t s subs id ia ry , Norwest Inves tors , Inc. (formerly NWB Venture Capital Co.) (7/13/83) 3/

Minneapolis Norwest Corporation, Minneapolis, Minnesota, no-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 (in the a c t i v i t i e s of consumer f i -nance, s a l e s f inance and commercial f inance , the sa l e of c r e d i t l i f e , c r e d i t accident and heal th and property and c r e d i t re la ted casual ty insurance re la ted to extensions of c r ed i t by Norwest Financial C a l i f o r n i a , I nc . , such sa le of c r e d i t - r e l a t e d 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 - S t . Germain Depository I n s t i t u t i o n s Act of 1982 and the o f f e r i n g fo r sa le and s e l l i n g of t r a v e l e r s checks) a t Suite 128, 100 East Thousand Oaks Boulevard, Thousand Oaks, C a l i f -o r n i a , serving Thousand Oaks, Cali f o r n i a , and nearby suburbs of Los Angeles, C a l i f o r n i a , through i t s subs id ia ry , Norwest Financial C a l i f o r n i a , Inc. (7/15/83) 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 a u t h o r i t y .


H.2, 1983 No. 28 - ] 6 -

ACTIONS OF THC (tQAKD - Continued

Kansas City IntraWest Financial Corporation, Denver, Colorado, 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 ( in the o r ig ina t ion of VA, FHA, and Conventional mortgage loans as well as real e s t a t e commercial and cons t ruc t ion loan a c z i v i t i e s as would be made by a mortgage banking company) these a c t i v i t i e s would be performed in the S ta te of Colorado and more p a r t i c u l a r l y in the northwestern quadrant of the Denver, Colorado, metropol i tan area as well as in Boulder County, Colorado, through i t s subs id ia ry , IntraWest Mortgage Company /7/12/83) 3/

Kansas City United Banks of Colorado, I nc . , Denver, Colorado, n o t i f i c a t i o n of i n t e n t to o f f e r c r e d i t l i f e and c r e d i t hea l th and accident insurance d i r e c t l y r e l a t ed to extensions of c r e d i t by i t s s u b s i d i a r i e s : United Bank of Arapahoe National Associa t ion, 9350 East Arapahoe Rd», Englewood, Colorado, serving the south cen t r a l purcion of Arapahoe County including contiguous por t ions of the C i t i e s of L i t t l e t o n and Englewood; United bank of Cherry Creek National Assoc ia t ion , 3773 Cherry Creek North Drive, Denver, Colorado, serving the eas t cent ra l port ion of the City and County of Denver; United Bank of Southwest Plaza National Associa t ion , 8500 West Bowles Avenue, L i t t l e t o n , Colorado, serving the southern port ion of J e f f e r s o n County including contiguous port ions of the City of L i t t l e t o n ; United Bank of SouthPark National Associa t ion, 7901 South Park Plaza, L i t t l e t o n , Colorado, serving southwestern Arapahoe County, including the southern sect ion of the City of L i t t l e t on and the contiguous northern port ion of Douglas County; United Bank of Brighton, 15 South Main S t r e e t , Brighton, Colorado, serving the City of Brighton and contiguous por t ions of Adams County; United Bank of La Sal le National Associa t ion , 207 F i r s t Avenue, La S a l l e , Colorado, serving the town of La Sal le and contiguous por t ions of Weld County; United Bank of F t . Col l ins National Associa t ion , 401 South College Avenue, F t . C o l l i n s , Colorado, serving the City of F t . Col l ins and contiguous por t ions of Larimer County; United Bank of Lonymont National Associa t ion, 635 Coffman S t r e e t , Lonqwont, Colorado, serving the City of Longmont and «',ntiyuous por t ions of Boulder County; United /-nit f t I ' ruuwfieid, #2 Garden Center, Broomfield,

the City of Broomfield and contiguous ; r r t i o n s of ^cuioer , J e f f e r s o n , and Adams Counties;

3? 4 ( c ) (8 ) n o t i f i c a t i o n by Reserve Bank on behalf of the Board of Governors unccr w s o n o r i t y .

I


. , 1983 ho. 2r - 1 7 -

AC i I ( \ S THE bU^RD - Continued

United Bank of Arvada National Associa t ion, 7878 Wadsworth Boulevaro. Arvada, Colorado, serving the City of Arvada ana contiguous por t ions of J e f f e r s o n County; United Bank of Lakewood National Associa t ion , 7200 West Alameda, Lakewood, Colorado, serving the City of Lakewood, Colorado ano contiguous por t ions of J e f f e r son and Denver Counties; United Bank of Skyline National Associa t ion, 10"}? Sixteenth S t r e e t , Denver, Colorado, serving the centra* por t ion of the City and County of Denver; United Ban* of Monaco National Assoc ia t ion , 1001 South Monaco S t ree t Pkwy*, Denver, Colorado, serving the eas tern por t ion of the City and County of Denver; United Bank of Colorado Springs, 102 North Cascade Avenue, Colorado Spr ings . Colorado, serving the City of Colorado Springs and contiguous por t ions of El Paso County; United Bank of Pueblo* 201 West 8th S t r e e t , Pueblo, Colorado, serving the City of Pueblo and contiguous por t ions uf Puenlo County; United Bank of Steamboat Springs, 555 Lincoln Avenue, Steamboat Springs , Colorado, serving tne City of Steamboat Springs , Colorado and contiguous por t ions of Routt County; United Bank of Ignacio, 615 Goddard Avenue, Ignacio, Colorado, serving the City of Ignacio and contiguous por t ions of La Pla ta County; United Bank of Durango, 1U63 Main Avenue, Durango, Colorado, serving the City of Durango and contiguous por t ions of La Plata County; United Bank of Montrose National Associa t ion , 401 Main S t r e e t , Montrose, Colorado, serving the City of Montrose and contiguous por t ions of Montrose County; united Bank of Delta National Associa t ion , 500 Palmer S t r e e t , De l t a , Colorado, serving the City of Delta and contiguous por t ions of Delta County; Mesa United Sank ;rand Junct ion National Assoc ia t ion , 2808

Averse, Urand Junc t ion , Colorado, serving the O l y of Grand Junct ion and contiguous por t ions of Mesa County; Lincoln Agency, a subs id iary of Applicant located a t 1001 South Monaco S t ree t Pkwy., Denver, Colorado, will act as insurance agent

3 '

3/ 4 f t ) (AT not if 11 a * i on p r w r s s e d by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y .


rl . / HF3 - 1 8 -

ACTIONS OK THE BOARD - Continued

f ranci see Security Pa* i f ; c Corporation, Los Angeles, Ca l i fo rn i a ,

no t :Meat ion of intent to engage in oe novo a c t i v i t i e s ^making or acqui r ing , for is own ac-count or the account of o t h e r s , and servicing loans am; other extensions of c red i t including making

installment personal loans, purchasing consumer instal lment sa les f inance con t r ac t s , making loans to isma11 businesses and other extensions of c r ed i t tucn as would be made by a fac tor ing company or <on$umer f inance company; and act ing as agent for the salt* of c r e d i t - r e l a t e d l i f e and c r e d i t - r e -lated atei?f»nt and heal th insurance as authorized by lennmtee law and Section 601(A) of T i t l e VI of The w r n - S t . Germain Act) at Peerless Center, Suite I lb, Johnson Ci ty , Tennessee, serving the Sta te of Tennessee, through i t s subs id ia ry , Security Pac i f i c Finance Money Center Inc. (7/16/83) 3/

Wn francisco

Security Pac i f ic Corporation, Los Angeles, Cali-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 (making or acquir ing , for i t s own account or for o t h e r s , loans and extensions of c red i t including making consumer installment personal loans, purchasing consumer instal lment sa les f inance c o n t r a c t s , making loans to small businesses and other extensions of c red i t such as would be made by a fac tor ing company or con-sumer f inance company) at 760 Main S t r e e t , Hyannis, Massachusetts, serving the State of Massachusetts, through i t s subs id ia ry , Security PacHfc Firance Corp, (7/16/83) 3/

3/ 4[c)(#) n o t i f i c a t i o n processed by Reserve Bank on behalf of the hoard f ) i^vcrr. delegated a u t h o r i t y .


1983 No, 28 - 13 -

APPLICATIONS RECEIVED

7r> Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act

San Guardian Bank, Los Angeles, C a l i f o r n i a . 2J f r a n c i s c o

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

Atlanta Flagship Bank of Tampa, Tampa, F lo r ida . To e s t a b l i s h a f r e e standing ATM located a t 4612 North Dale Mabry Highway, Tampa, F l o r i d a . 7J

* * * *

To Es tab l i sh an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act

Phi ladelphia Provident of Delaware Bank, N.A., Wilmington, Delaware: g ran ts consent to e s t a b l i s h a branch in Grand Cayman, Cayman I s l ands , Br i t i sh West Ind ies .

Sixty-Pay N o t i f i c a t i o n Period Allowed to Expire New York ihe Bank of New York Company, Inc . , New York, New York

no ob jec t ion to e s t a b l i s h a wholly owned de novo funding veh i c l e , The Bank of New York Overseas Finance N.V., Curacao, Netherlands A n t i l l e s .

* * * * *

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

New York TSB Serv ices , I n c . , Spencer, New York, fo r approval to acquire a t l e a s t 80 percent of the voting shares of Tioga State Bank, Spencer, New York. 27

2/ Applicat ion subjec t to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the app l icab le Reserve Bank may be contacted as to the length of the comment pe r iod .


H.2, 1983 No. 28 - 20 -

APPLICATIONS RECEIVED - Continued

Phi ladelphia Comm. Bancorp, I n c . , Forest Ci ty , Pennsylvania, fo r approval t o acquire 100 percent of the voting shares of Community National Bank, Forest Ci ty , Pennsylvania. 2/

Cleveland F i r s t National C a r l i s l e Corp, C a r l i s l e , Kentucky, f o r approval to acquire at l ea s t 80 percent of the voting shares of The F i r s t National Bank of C a r l i s l e , C a r l i s l e , Kentucky. 2j

Cleveland Southeast Bancorp, I n c . , Corbin, Kentucky, for approval t o acquire 100 percent of the voting shares of F i r s t National Bank & Trust Company of Corbin, Corbin, Kentucky. 2/

Richmond Twentieth Bancorp, I n c . , Huntington, West Vi rg in ia , f o r approval to acquire 100 percent of the voting shares of The Twentieth S t ree t Bank, Huntington, West V i rg in i a . 2/

Atlanta Dawson Bancshares, I n c . , Dawson, Georgia, fo r approval to acquire 100 percent of the voting shares of Bank of Dawson, Dawson, Georgia. 2/

Atlanta F i r s t Barnesv i l l e Corporat ion, Barnesv i l l e , Georgia, f o r approval to acquire 100 percent of the voting shares of F i r s t National Bank of Barnesv i l l e , Ba rnesv i l l e , Georgia. 2/

Atlanta Liberty Bancorporat ion, Longwood, F lo r ida , for approval t o acquire 100 percent of the voting shares of Liberty National Bank, Longwood, F lo r ida . 2/

St . Louis Bootheel Bancorp, I n c . , Bernie, Missouri , for approval to acquire a t l e a s t 99.3 percent of the voting shares of Sta te Bank of Bernie, Bernie, Missour i . 2/

S t . Louis The Ci t i zens Bancorp of Hickman, I n c . , Hickman, Kentucky, fo r approval to acquire 100 percent of the voting shares of the successor by merger to The Ci t i zens Bank, Hickman, Kentucky. 2/

2/ Applicat ion sub jec t to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the appl icab le Reserve Bank may be contacted as t o the length of the comment pe r iod .


H.2, 1983 No. 28 - 2 1 -


S t . Louis Semo Bancshares, I n c . , Maiden, Missouri , fo r approval to acquire 100 percent of the voting shares ( l e s s d i r e c t o r s ' qua l i fy ing shares) of Maiden Sta te Bank, Maiden, Missouri . J?/

Minneapolis Baker Holding Company, Bozeman, Montana, for approval to acquire 96.44 percent of the voting shares of The Bank of Baker, Baker, Montana. 2/

Minnea^vMs Superior Financial Corporat ion, Sault S te . Marie, Michigan, fo r approval t o acquire 100 percent of the voting shares of Sault Savings Bank, Sault S t e . Marie, Michigan. J?/

Kansas City Altus NBC Corp. , Al tus , Oklahoma, for approval t o acqui re at l eas t 80 percent of the voting shares of NBC Corporat ion, Al tus , Oklahoma and i n d i r e c t l y

the N a t i o n a l Bank of Commerce, Al tus , Oklahoma. 2/

Dallas Central Bancshares Corporat ion, San Angelo, Texas, fo r approval t o acquire a t l e a s t 80 percent of the voting shares of The Central National Bank of San Angelo, San Angelo, Texas and The Central National Bank-West, San Angelo, Texas. 2/

Dallas Ci t i zens Bankshares of S p r i n g h i l l , I nc . , S p r i n g h i l l , Louis iana, f o r approval t o acquire a t l e a s t 80 percent of the voting shares of Ci t izens Bank & Trust Company, S p r i n g h i l l , Louisiana. 2/

Dallas Lewisvi l le Bancshares, I n c . , Lewisvi l le , Texas, for approval to acquire at l e a s t 80 percent of the voting shares of North Texas Bank, Lewisv i l le , Texas. 2/

San Guardian Bancorp, Los Angeles, C a l i f o r n i a , f o r Francisco approval to acquire 100 percent of t he voting

shares of Guardian Bank, Los Angeles, C a l i f o r n i a , a proposed new bank. jY

San Norbank Financial Group, I n c . , Coeur d 'Alene, Idaho, Francisco for approval t o acquire 96.5 percent of the voting

shares of Northern Sta te Bank, Coeur d 'Alene, Idaho. 2/

/ Applicant sub jec t to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the app l i cab le Reserve Bank may be contacted as to the length of the comment pe r iod .


H.2. No. 28 - 2 2 -

if-K I CATIONS RECEIVED - Continued

# * # * *

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

Boston Trustees of Dartmouth College, Hanover, New Hampshire, f o r approval to acquire a t l eas t 26.95 percent of the voting shares of Dartmouth National Corporation, Hanover* New Hampshire and i n d i r e c t l y acquire Dart-mouth National Bank of Hanover, Hanover, New Hampshire. 2/

New York Peoples BanCorp, B e l l e v i l l e , New J e r s e y , for approval to acquire *00 percent of the voting shares of Car t e re t Bank and Trust Company, C a r t e r e t , New J e r s e y . 2/

Atlanta Sun Banks of F l o r i d a , I n c . , Orlando, F lo r ida , for approval to acquire up to 100 percent of the voting shares of The Hil lsboro Bank, Plant C i ty , F lo r ida . 2/

Chicago COUNTY BAAKSHARES, INC., Blue I s land , I l l i n o i s , f o r approval to acquire 80 percent or more of the voting shares of Crestwood Bank, Crestwood, I l l i n o i s . 2/

Chicago F i r s t Burlington Corporat ion, La Grange, I l l i n o i s , Tor approval to acquire 80 percent or more of the voting shares of F i r s t Security Bank, Willowbrook, kt l lowbrook, I l l i n o i s . 2/

Chicago Michigan National Corporat ion, Bloomfield H i l l s , Michigan, f o r approval to acquire 100 percent of tne voting shares of MNC Bank, Rapid Ci ty , South Dakota, a proposed new bank. 2/

St . 1 OUT S Men ant i %ar:(rporat ion Inc . , S t . Louis, Missouri , fo r approval to acquire 100 percent of the voting shares of F i r s t Community Bancorporation, Jop l in , Missouri , and i n d i r e c t l y acquire F i r s t National Bank and Trust Company of J o p l i n , J o p l i n , Missouri; Community National Bank of Jop l in , J o p l i n , Missouri; Peoples Bank of Mi l l e r , Mi l l e r , Missouri; Bank of Wheaton, Wheaton, Missouri ; Bank of Table Rock Lake, We*'ds Spring, Missouri ; Merchants and Miners Bank of Webb Ci ty , Webb Ci ty , Missouri , and The McDonald County Bank, P i n e v i l l e , Missouri . 2/

2/ Applicat ion sub jec t to Community Reinvestment Act. The Community H T d - f f \ , N c a r l e K^serve Bank may be contacted as t o the lengtn of the comment pe r iod .


*.i. 11*1 KO. # - 23 -

APfllCA'IV'.S RECEIVED - Continued

»a«S4> City

• .v ! m t Sly

n#l:a<

Sgfi f r#«c 1 4c 0

Ci t izens Ban-Corporation, Rock Por t , Missouri , f o r approval t o acquire a t l e a s t 80 percent of the voting shares of Laddonia Sta te Bank, Laddonia, Missour i , ? /

Ccmwrce Bancshares, I n c . , Kansas Ci ty , Missouri , lor approval to acquire up to 100 percent of the voting shares of County Tower Corp. , Clayton, Missouri and i n d i r e c t l y acquire County Bank of Arnold, N A , Arnold, Missouri ; County Bank of C h e s t e r f i e l d . C h e s t e r f i e l d , Missouri; County

itank of House Springs , House Springs, Missouri; County Bank of Louisiana, Louisiana, Missouri; County Rank of Manchester, Manchester, Missouri; County Bank of Richmond Heights, Richmond Heights, Hissour i ; County Bank of Tower Grove, S t . Louis, Missouri ; County Bank of Webster Groves, Webster Groves, Missour i . 2/

All ied Bancshares, I n c . , Houston, Texas, for approval to acqui re 100 percent of the voting shares of Commercial National Bank of Longview, Longview, Texas. 2/

BSD Bancorp, I nc . , San Diego, C a l i f o r n i a , for approval to acqui re SI percent of the outs tanding voting shares of Bank of La Costa, a proposed new bank, Carlsbad, C a l i f o r n i a . 2/

To r*pand a Bank Holding Company Pursuant to Section 3(a)(6) ot the Bank Holding Company Act of 1956

few r Horizon Bancorp, Morristown, New J e r s e y , to merge with Northern National Corporat ion, Moorestown, New Jersey and i n d i r e c t l y acquire The Bank of New J e r s e y , Camden, New Jersey and The Bank of New J e r s e y , National Assoc ia t ion , Moorestown, New J e r s e y . 2/

Cnu do Indiana Bancorp, I n c . , Fort Wayne, Indiana, f o r approval to merge with Financial Incorporated, Fort Wayne, Indiana. 2/

?/ t . at ion subjec t to Community Reinvestment Act. The Community O f f i c e r of the app l i cab le Reserve Bank may be contacted

as to the length of the comment pe r iod .


APPLICAT HWiS atCt I VLL> - Continued

Capi tol Bancorporat ion„ I n c . , P i e r r e , South Dakota, fo r approval t o merye with kes t Dakota Corpora t ion , Lead, South Dakota and i n d i r e c t l y acqu i re Miners af»g Merchants Bank, Lead, South Dakota. 2/

Commerce Bancshares , I n c . , Kansas C i t y , Missour i , f o r approval to merye County Tower Corp . , Clayton, Missouri i n t o a whoIly owned s u b s i d i a r y of Commerce Bancshares , Inc . y

* * * # *

?o Expand a Bank Holding Company Pursuant t o Sect ion 4 ( c ) ( 6 ) of t h e Bank Holding Company Act of 1956

New York The Chase Manhattan Corpora t ion , New York, New York, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account and f o r t h e account of o t h e r s , loans and o t h e r ex t ens ions of c r e d i t , both secured and unsecured , i n c l u d i n g , but not l im i t ed t o , consumer and bus iness l i n e s of c r e d i t , i n s t a l l m e n t loans f o r p e r s o n a l , household and bus iness purposes and mortgage loans secured by rea l p rope r ty ; and o t h e r ex t ens ions of c r e d i t ; and t o ac t as insurance agent f o r c r e d i t l i f e insurance and c r e d i t acc iden t and h e a l t h insurance d i r e c t l y r e l a t e d t o such lending and s e r v i c i n g a c t i v i t i e s ) a t 1600 South Main S t r e e t , Walnut Creek, C a l i f o r n i a , through a s u b s i d i a r y , Chase Manhattan Financia l S e r v i c e s , Inc . (7 /15 /83)

\ew York Chemical New York Corpora t ion , New York, New York, f o r approval to engage d i r e c t l y f o r i t s own account in pu rchase s , s a l e s and repurchase agree-ments with r e s p e c t to money market i n s t r u m e n t s , inc lud ing bankers ' a ccep t ances , c e r t i f i c a t e s of d e p o s i t , and t h i r d pa r ty commercial pape r .

New York Chemical New York Corpora t ion , New York, New York, r e q u e s t s permission t o engage in the fol lowing a c t i v i t i e s ( ( i ) gene ra t i ng loans and o the r ex-t e n s i o n s of c r e d i t and s e r v i c i n g loans and o the r ex t ens ions of c r e d i t , i n c l u d i n g , but not l imi ted t o , making or acqu i r ing loans t o consumers; acqui r ing i n s t a l l m e n t c o n t r a c t s from r e t a i l s e l l e r s covering t he time s a l e s of goods and r e l a t e d s e r v i c e s ; making or acqu i r ing loans and o ther ex tens ions of c r e d i t t o bus ines se s i n c l u d i n g , but not l imi ted t o , inventory f i n a n c i n g ; making or acqu i r ing ex tens ions of c r e d i t

Minneapoli s

Kansas City


H.2, 1983 No. 28 - 2 5 -

APPL1CATI0NS RECEIVED - Continued

secured by personal property lease con t r ac t s ; making ava i l ab l e to i t s debtors c r e d i t re la ted insurance d i r e c t l y r e l a t ed to such a c t i v i t i e s to the extent permiss ible under appl icable s t a t e insurance laws and r egu la t ions ; and also to engage in acquir ing from time to time f inance paper o r ig ina t ing ou t s ide of Ohio) at 1015 Euclid Avenue, Cleveland, Ohio, through i t s subs id ia ry , Sunamerica Corporation (7/7/83)

New York Horizon Bancorp, Morristown, New J e r s e y , fo r approval to acquire 100 percent of the voting shares of Northern National Financial Corporation, Wilmington, New Je r sey .

New York Manufacturers Hanover Corporat ion, New York, New York, ( t o expand the a c t i v i t i e s to include a l l types of sa l e s f inance a c t i v i t y and s ing le and j o i n t c r e d i t l i f e insurance) a t 6363 Poplar Avenue, Memphis, Tennessee, t h i s o f f i c e serves the e n t i r e State of Tennessee, through i t s wholly owned ind i r ec t subs id i a ry , Manufacturers Hanover Financial Services of Tennessee, Inc. (7/15/83)

Atlanta Ci t izens and Southern Georgia Corporation, At lan ta , Georgia, 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 ( in consumer and commercial f inance a c t i v i t i e s , including the extension of d i r e c t loans to consumers, the discount of r e t a i l and ins ta l lment notes or c o n t r a c t s , the purchase of real e s t a t e no tes , the extension of d i r e c t loans to dea le r s f o r the f inancing of inventory [ f l o o r p lanning] , and working cap i ta l purposes; making, acquir ing or s o l i c i t i n g , fo r i t s own account or for the account of o t h e r s , loans and other extensions of c r e d i t ; and act ing as agent for the sa le of l i f e , accident and heal th insurance d i r e c t l y re la ted to i t s extensions of c r e d i t ) at 385 N. Glynn S t r e e t , F a y e t t e v i l l e , Georgia, through i t s subs id ia ry , Family Credit Serv ices , Inc . (7/13/83)

Atlanta S t . F r a n c i s v i l l e Bancshares, I nc . , S t . F r a n c i s v i l l e , Louis iana, 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 ( to engage in the sa le of general insurance in a town with a population not exceeding 5,000) these a c t i v i t i e s would be performed in the Town of S t . F r a n c i s v i l l e , Louisiana and the surrounding rural a r ea , through a subsidiary Community Insurance Agency, Inc. (7/15/83)


H.2, 1983 No. 28 - 2 6 -


S t . Louis Mercanti le Bancorporation I n c . , S t . Louis, Missouri , for approval to acquire 100 percent of the voting shares of Conqueror Life Insurance Company, Jop l in , Missouri .

Kansas City

Kansas City

Dallas

Dal las

San Francisco

Commerce Bancshares, I n c . , Kansas Ci ty , Missouri , fo r approval to o f f e r investment advisory services through the i n d i r e c t acqu i s i t ion of Midwest Invest-ment Advisory Services , I nc . , S t . Louis, Missouri .

Ellco Bancshares, I n c . , Lorra ine , Kansas, fo r approval to acquire 100 percent of the voting shares of Wamhoff Insurance Agency, Holyrood, Kansas, a general insurance agency.

Bankers Southwest Corporation, Dal las , Texas, 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 or acquiring and servicing loans and other extensions of c r e d i t such as would be made by a mortgage company, f i nance , c r e d i t c a r d , or f ac to r ing company; ac t ing as an investment and f inanc ia l advisor to the extent of furn ish ing general economic information and advice, general economic s t a t i s t i c a l fo recas t ing services and industry s tud ies as well as providing p o r t f o l i o investment advice to any other person and serving as an advisory company for a mortgage or real e s t a t e investment t r u s t ; providing bookkeeping on data processing for the in ternal operat ions of Bankers Southwest Corporation and i t s subs id i a r i e s and for o thers pursuant t o 225.4 8 ( i i ) ; providing cour ie r se rv ices f o r in ternal operat ions of the Bankers Southwest Corporation and i t s subs id i a r i e s ) the se rv ice area to be served by Bankers Southwest Corporation shal l be the S ta te of Texas, for a l l a c t i v i t i e s (7/12/83)

Gulf Coast Bancshares, I nc . , Alvin, Texas, 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 (making, acqu i r ing , and s e l l i n g of secured loans) these a c t i v i t i e s wil l be performed throughout the State of Texas through the corporate o f f i c e located in Houston, Texas, through i t s subs id ia ry , Gulf Coast Financial Serv ices , Inc. (7/11/83)

APSB Bancorp, North Hollywood, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of APSB Mortgage Company, North Hollywood, C a l i f o r n i a , to be es tab l i shed as a wholly-owned subsidiary to acquire ce r t a in a s se t s and l i a b i l i t i e s of Pennsylvania Mortgage Company, Santa Ana, C a l i f o r n i a .


H.2, MM No. 28 - 2 7 -


San BankAmerica Corporat ion, San Francisco, C a l i f o r n i a , Francisco n o t i f i c a t i o n of in t en t t o engage in de novo

a c t i v i i t e s (making or acquiring for i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a f inance company; servic ing loans and o ther extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident and heal th insurance; the aforementioned types of c r e d i t - r e l a t e d insurance are permiss ible under Section 4 ( c ) ( 8 ) ( a ) of the Bank Holding Company Act of 3956, as amended by the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982; c r e d i t - r e l a t e d property insurance will not be o f f e r e d ; such a c t i v i t i e s will inc lude , but not be l imited t o , making consumer ins ta l lment loans and loans to bus inesses , purchasing ins ta l lment sa les f inance c o n t r a c t s , making loans and other extensions of c r e d i t secured by real and personal p roper ty , and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t -r e l a t ed accident and heal th insurance; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d accident and heal th insurance; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d accident and hea l th insurance may be reinsured by BA Insurance Company, I n c . , an a f f i l i a t e of each of the above-named s u b s i d i a r i e s ) in Moorhead, Minnesota and Cheyenne, Wyoming, each o f f i c e serving the addi t ional S ta te of South Dakota, through i t s i nd i r ec t sub-s i d i a r i e s , FinanceAmerica of Moorhead Inc. (a Minnesota corpora t ion) and FinanceAmerica Corporation (a Wyoming corporat ion) (7/12/83)

BankAmerica Corporat ion, San Francisco, C a l i f o r n i a , 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 or acqu i r ing , for i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a f inance company; serv ic ing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident and hea l th insurance; the aforementioned types of c r e d i t - r e l a t e d insurance are permissible under Section 4 ( c ) ( 8 ) ( a ) of the Bank Holding Company Act of 1956, as amended by the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982, c r e d i t - r e l a t e d property insurance will not be o f f e r e d ; such a c t i v i t i e s wil l inc lude , but not be l imited t o , making consumer ins ta l lment loans , purchasing ins ta l lment sa les f inance c o n t r a c t s , making loans and other extensions of c r e d i t to bus inesses , making loans and other extensions of c r ed i t secured by real and personal p roper ty , and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d accident and heal th insurance d i r e c t l y r e l a t ed to extensions of c r e d i t made or

San Franc i sco



acquired by FinanceAmerica Corporation of Nebraska; credi t -re la ted l i f e and c r e d i t - r e l a t e d accident and hea l th insurance may be reinsured by 8A Insurance Company, I n c . , an a f f i l i a t e of Finance-America Corporation of Nebraska) in Omaha, Nebraska, serving the e n t i r e s t a t e s of Nebraska and Iowa, through i t s indirect s u b s i d i a r y , FinanceAmerica Corporation of Nebraska (a Nebraska corporat ion) (7/13/83)

Puget Sound Bancorp, Tacoma, Washington, 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 or acquir ing loans and o ther extensions of c r e d i t such as would be made by a commercial mortgage company, including the making and p a r t i c i p a t i n g in cons t ruc t ion and permanent loans secured by an i n t e r e s t in real e s t a t e , the s a l e and servic ing of such loans and r e l a t ed s ecu r i t y agreements, and the providing of escrow se rv ices r e l a t i v e to the making of such loans in accordance with the Board's Regulation y) in Por t land , Oregon, these a c t i v i t i e s wil l be performed pr imari ly in the S ta te of Oregon ana throughout the western United S t a t e s , Alaska and Hawaii, through i t s subs id i a ry , Washington Mortgage Corporation (7/14/83)

Puget Sound Bancorp, Tacoma, Washington, 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 or acquir ing loans and o ther extensions of c r e d i t such as would be made by a commercial mortgage company, including the making and p a r t i c i p a t i n g in cons t ruc t ion and permanent loans secured by an i n t e r e s t in real e s t a t e , the s a l e and servic ing of such loans and re la ted secu r i ty agreements, and the providing of escrow se rv ices r e l a t i v e to the making of such loans in accordance with the Board's Regulation y) in Newport Beach, Cal i forn ia these a c t i v i t i e s wi l l be performed pr imari ly in the S ta te of Oregon and throughout the western United S t a t e s , Alaska and Hawaii, through a subs id ia ry , Washington Mortgage corporat ion (7/14/83)


H.2, 1983 HO. 28 - 29 -


REPORTS RECEIVED

tone.

* * * *

PETITIONS FOR RULEMAKING

None.

I


Documents

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